The Business Times, 6 June 1996

Microfilm: NL20609
Total Pages: 42
1 42 The Business Times
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  • Title Section
    Masthead
    13 1 THE BUSINESS TIMES MITA (P) 046/12/95 85c SINGAPORE Internet: http://www.asial.com.sg/biztimes THURSDAY, JUNE 6,1996
    13 words
  • Article
    MARKET SUMMARY
    65 1 sni *****1 (+8.09) BTOOMP 2227JM (+5.13) BT-MGA 1127J8 (+4.46) BMABKETMOOD: Mixed STOCK MAMET INDICES Wednesday Chan# KLSE COUP 1,1.15,19 +1.77 NIKKEI 21,881.43 +23,11 HANG SENG 11.092.51 +5.60 SET INDEX 1,276.61 -14.18 JAKARTACOMP 616.08 +0.16 MANILA COMP 3.239.57 +24.53 TAIPEI WP! 5.951.86. +29.94 SEOUL COMP 913.25 +3.82 CLSA CHINA
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  • Article
    FINANCE
    72 1 EXCHANGE BATES us$ s$ USI 1.410 1.551 2.186 DM 0 654 _.0.922 *MI- 0.919. 1.296 MS 0.400 0.564 HKI 0129 0.182 BAHT 0.089. 0.056 EIJP1AH 100 0.04.1 0.060 FUME BATES SINGAPORE* .6.44 KUALA LUMPIIR 8.15 JAKARTA 18.00 BANGKOK 13.75 MANILA 14.50 HONGKONG 8.75 TAIPEI 8.00 SYDNEY 10.75 TOKYO 180
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  • Article, Illustration
    Developers pay 3% stamp duty for home buyers
    653 1  -  Far East is first to absorb stamp dntyforits Villa Marina buyers By. Abdul Hadhi [SINGAPORE] Developers are now sweetening the usual discounts they give home buyers by paying the 3 per cent stamp duty. At the pre-launch press briefing for its 432-unit
    653 words
  • Article
    Ariane rocket blast won't affect commercial operations: official
    343 1  -  Failed Ariane-5 launch in South America a 'development' project By i Conrad Raj, Genevieve Cua [SINGAPORE] Space transportation company Arianespace said its commercial operations will not be affected by the explosion of its space rocket Ariane-5 in South America on Tuesday. In
    343 words
  • Article, Illustration
    Buy a car park lot, get a car free
    157 1  -  Fromi Quak Hiang Whai in Hongkong A FEW months ago, former Singapore-based trader Oei Hong Leong opted for parking lots instead of cash from Li Hashing as part of a payment for new shares in his company China Strategic Holdings. If
    157 words
  • Article
    New Indian govt to review SIA-Tata venture
    317 1  -  From K P Nayar in New Delhi THE new Indian government of Prime Minister H D Deve Gowda is to review earlier objections to the proposed Singapore Airlines-Tata joint venture for a private airline. The new Minister for Civil Aviation and Tourism, C
    317 words
  • Article
    Standard time planned for Asean capitals
    208 1  -  From Yang Razali Kassim in Stockholm ASEAN is working out a standard time for all seven capitals in a move to attract investment to the region. Disclosing this to Swedish business leaders here yesterday, Prime Minister GohChok Tong said a common Asean capital time
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      162 1 mSTOE Prime boys? With the cooling of speculative fervour over condos, freehold landed properties are looking attractive again. Pg4 Home Hant Property transactions for Districts 9 10 lodged between May 20 and June L Pf 4 iawafMßß Deveiaptrs pay 3% stamp faty far home buyers, this page. Gimmicks are likely
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      15 1 Free competition for satellite networks, Pg 2 No glut in satellite capacity. PanAmSat, Pg 2
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      44 1 COLLECTION. IMPART OF BEING UNIQUE. s2bß* 4 I Cartier JEWELLERS SINCE 1847 fc t* f y, „f Cartier boutique/ Singapore Ngae Ann City. Tower B. #01-11, 391 Orchard Road. Tel: 734 2427 Hilton International. #01-04, The Shopping Gallery, 581 Orchard Road. Tel: 235 0295
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      Page 1 Advertisements Column 4
      7 1 PM Goh studies Swedish R&D role, Pg2
      7 words
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  • SINGAPORE AT HOME & ABROAD
    • Article
      Factors in regulating the Internet
      467 2  -  nftiiimnwirAgig/Matw^rkAffln/Br^nflfnfftAffin Tight control in the name of Asian values not commercially viable: consultant By' Toh Han Shih IT DOES not make good money sense to heavy-handedly regulate the Internet in the name of "Asian values", said Laina Raveendran Greene, a consultant for a company advising
      467 words
    • Article
      Inadequate cellular capacity hits telecoms fair
      244 2 EXHIBITORS and visitors at the mega-telecoms fair CommunicAsia are irked by an ironic and frustrating glitch it is difficult to make cellular calls from the fair's venue at Suntec City. The exhibition is the first major event to be held at Suntec. While Singapore
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    • Article, Illustration
      Lock icon No glut in satellite capacity: PanAmSat
      321 2  -  By Catherine Ong EXECUTIVES of PanAmSat, the company that broke the monopoly on global satellite services, yesterday dismissed suggestions of a glut in satellite capacity in Asia. "We read of a glut in transponder capacity, we don't know where the reports are coming from,
      ERIC CHU  -  321 words
    • Article
      Free competition for satellite networks in S'pore
      391 2  -  By< Genevieve Cua THE stage is being set for free competition among operators of global mobile satellite communications networks in Singapore. The Telecommunication Authority of Singapore has indicated that the 1.6 gigahertz frequency is available for the networks' operation, said Iridium officials in
      391 words
    • Article, Illustration
      PM Goh studies Swedish R&D role
      416 2  -  PM GOH Df STOCKHOLM Focus ties in with S'pore's bid to boost SAD capability By Yang Razali Kassim PRIME MINISTER Goh Chok Tong spent the better part of his second day in Stockholm studying the role of research and development (R&D) in Sweden's knowledge-based
      416 words
    • Article
      Abacus' user-friendly system
      122 2 AIRLINE, hotel or even car bookings can now be made with a few clicks of the mouse, thanks to Abacus Whiz, the new workstation from Abacus Distribution Systems. Travel agents can now save time since the Windows/PCbased Abacus Whiz enables faster response time for data access and
      122 words
    • Article, Illustration
      Lock icon Sea cargo growth ebbs
      370 2  -  EYE ON THE ECONOMY Sea cargo By- Yong Mei Fong TOTAL sea cargo passing through the port of Singapore in the first quarter grew 3.8 per cent to 76 million tonnes. Latest figures from the Port of Singapore Authority show that oil and non-oil shipments, each
      Source: PSA  -  370 words
    • Article
      S'pore replies to calls to open up services sector
      472 2  -  Financial sector probably world's most open, WTO told By* Chuang Peck Ming AMID calls for Singapore to speed up the opening of its services sector, the government has submitted to the World Trade Organisation a report which claims that the country's
      472 words
    • Article
      HK expo not a ploy to attract migrants
      316 3  -  It is to highlight synergy and close links between the 2 cities: S'pore officials Fromi Quak Hiang Whai in Hongkong SINGAPORE officials yesterday unveiled plans for the largest-ever exposition on Singapore to be held here next month and then fought off suggestions
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    • Article
      CyberWay, US firm AimNet offer mutual roaming in tie-up
      323 3  -  By] Kenneth James LOCAL Internet service provider (ISP) CyberWay has linked up with US counterpart Aim Net to offer mutual roaming services a world first for public ISPs, according to CyberWay. The agreement makes it possible for CyberWay subscribers visiting the
      323 words
    • Article
      Joint venture to sell Bangalore IT park
      239 3  -  Byi Chuang Peck Ming SEMBAWANG Business International and Technology Parks have formed a joint venture to sell Singapore's regional flagship industrial park in India, the $670 million Information Technology Park in Bangalore. The 49-51 joint venture company, named Technology Parks Marketing Services (TPMS),
      239 words
    • Article, Illustration
      Company data supplied to EDB are private
      414 3  -  Board directors have no access to such information: minister By Jennifer Lien DIRECTORS of the Economic Development Board do not have access to confidential company information supplied to the statutory body, Minister for Trade and Industry Yeo Cheow Tong said yesterday. He explained
      414 words
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      134 2 .to cash Venturing overseas? Finance Scheme, yov ::r Would you lib instant cosh for your n^°' ce notK n 9 or as invoices and let someone else assume 04 P the responsibility for bad debts? We dso help to cut your administrative DBS Factors has a worldwide network ™°*> cosf
      134 words
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      78 3 < HOW DO YOU IMPROVE THE WORLD'S FINEST MOBILE PHONE? H Quite simply by introducing the new Ericsson GH 388. It's lighter, slimmer and features increased talk time and standby time. It also boasts fax, short text messaging functions and a clearer display thanks to higher contrast and larger characters.
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  • FOCUS: PROPERTY
    • Article
      House Hunt
      1023 4 Property transactions for districts 09 and 10 (sectors 22 to 23 and 24 to 27) lodged between May *****6 and June 1 1996. Project Name/ Prop Contract Street Name Type Date District 09 (Meters 22 to 23) Tenure Built-in/ land Area* (sq ft) Price (SS-OOO) Psf (S$) Non-landed
      1,023 words
    • Article, Illustration
      Time to land a prime buy?
      677 4  -  With the cooling of speculative fervour over condos, freehold landed properties are looking attractive again By 1 Tan Su Yen [SINGAPORE] OW'S 4 IT This was I I thC queswJKLmm JL- tiOn reporters used to ask property market players by way of greeting. Since
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    • Article
      Property gains: Tax net to be tighter
      578 4  -  By. Agnes Wee [SINGAPORE] Those who are thinking of forming a private company to own their property so as to get out of the tax net when they sell shares in the firm instead of the physical property, will not be able to
      578 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      614 4 I Great Business Opportunity whichever way you look at it Dn't miss this opportunity Innovative Features lease an office, food Independent air-con utlet/restaurant at system for you to erchant Sauare. It has operate round-the-I the ingredients to turn >ur business into a Sub-division of units Drative venture. ranging from 450
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      8 4 Home Decor For people who love their homes
      8 words
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  • SOUTH-EAST ASIA
    • NOTE Book
      • Article
        Lock icon Tax reforms top Manila Congress agenda
        101 5 AFP [MANILA] The Philippines Congress is to hold a four-day special session from tomorrow to try to pass a sweeping tax reform package. President Fidel Ramos said yesterday that leaders of the Senate and the House of Representatives had agreed to hold special sessions
        AFP  -  101 words
      • Article
        Lock icon Indon dissident dies
        76 5 Reuter [JAKARTA] A leading Indonesian dissident and former secretary-general of the Association of South-east Asian Nations (Asean), Hartono Dharsono, died yesterday, aged 71, the official Antara news agency reported. Dharsono, Asean secretary-general from 1976 to 1978 and a retired army general, died in hospital in the west
        Reuter  -  76 words
      • Article
        Lock icon Breakthrough in Muslim rebel talks
        68 5 AFP [MANILA] Government negotiators have told President Fidel Ramos there is "apparently a breakthrough" in peace talks with Muslim rebels to end over two decades of fighting in the southern Philippines. Mr Ramos said yesterday that Manuel Yan, Manila's chief peace negotiator, had repented on
        AFP  -  68 words
    • Article
      Lock icon Minimum wages: firms get more time
      198 5 JAKARTA AFP THE Indonesian government has given approval to 215 companies to delay for up to one year paying their workers the new minimum wage level, the official Antara news agency reported here yesterday. Manpower Minister Abdul Latief said here on Tuesday that the
      AFP  -  198 words
    • Article, Illustration
      Timor Putra to be allowed to make cars in S Korea
      446 5  -  JAKARTA Controversial move comes after rnmonrs that project wouldn't meet launch date By\ S N Vasuki IN A controversial move, the Indonesian government has decided to allow national carmaker PT Timor Putra Nasional (TPN) to initially produce 45,000 cars
      446 words
    • Article
      Cambodia proceeds with 2 dam projects
      309 5  -  SINGAPORE By\ Harish Mehta CAMBODIA is going ahead with the long overdue construction of two hydro-power plants worth about US$l billion (Ssl.4 billion) as part of a massive development to harness its rivers to generate electricity. However, a third project is hanging in the
      309 words
    • Article
      Data confirms slower inflation, higher imports
      308 5  -  JAKARTA 8% GDP growth likely, bat monetary policy lax: analysts By I S N Vasuki AS expected, Indonesia yesterday released monthly economic data which showed a moderation in inflation and strong import growth. Information Minister Harmoko said yesterday Indonesia's consumer price index in May
      308 words
    • Article
      Lock icon Sharp fall in Viet foreign investment
      94 5 HANOI Reuter [HANOI] Growing disenchantment with Vietnam as an investment haven was demonstrated yesterday by government figures showing a slide in foreign investment projects since the beginning of the year. Ministry of Planning and Investment data showed that foreign investment projects' with capital totalling
      Reuter  -  94 words
  • Page 5 Advertisements
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      107 5 V# v 1 1 ff Expensive? It depends on your values. The true value of a Cyma watch is not something to be measured by mere price. By far, the more important consideration will always be the degree to which it reflects one's personality. Thus one can rest assured, in
      107 words
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      Page 5 Advertisements Column 2
      70 5 Emirates 777. Electronic everything. siii f? la fcnvffcSV) They're not just seats, they're sleeperettes, with electronically operated leg-rest and lumbar support. Emirates' new Boeing 777 Business Class. You won't believe it till you sleep in it. Emirates THE FINEST IN THE SKY •1 INTERNATIONAL AWARDS. M INTERNATIONAL DESTINATIONS FOR RESERVATIONS.
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  • CHINA-HONGKONG-TAIWAN
    • Article, Illustration
      Lessons from Tiananmen
      610 6  -  CHXMA WATCH Once bitten, twice shy: Bering will never let inflation get out of control again By Lu Ning CHINA'S inflation, which has been declining steadily in the past 19 months after hitting a record 27 per cent in October 1994, will pick up again this month,
      610 words
    • Article
      Lock icon China seeks hegemony: Japan think-tank
      394 6 TOKYO But it urges Tokyo to help the country join world community AFP CHINA is showing signs of wanting to become a regional superpower seeking hegemony but far from isolating its giant neighbour, Japan should help it join the world community, a private think-tank said
      AFP  -  394 words
    • Article
      Lock icon Qian: China wants peaceful unification
      203 6 BEIJING Reuter CHINESE Vice-Premier Qian Qichen says Beijing wants peaceful reunification with Taiwan but cannot abandon the use of force if the island declares independence. The People's Daily yesterday quoted Mr Qian as saying China would observe the principle of peaceful reunification with the island
      Reuter  -  203 words
    • Article
      Lock icon Lifted: curbs on foreign stocks, bonds
      85 6 TAIPEI Reuter TAIWAN'S Securities and Exchange Commission said yesterday it has approved a plan to allow domestic investment trust funds to invest in foreign stock and bond markets. Under the liberalisation, local securities brokerages also will be able to advise their clients to invest
      Reuter  -  85 words
    • Article, Illustration
      Lock icon Lu Ping's defence
      39 6 [TOKYO] Lu Ping, China's top Hongkong affairs officer, holding a clipping of a Hongkong-based newspaper during a conference on Tuesday. He said there were "many inaccuracies in the reporting of my remarks" by the paper. REUTER
      REUTER  -  39 words
    • Article
      Lock icon Key US official hopeful of resolving copyright row
      528 6 WASHINGTON Bering can still act to avert trade war if it wants, he says as talks continue Reuter, AFP A KEY US trade official said on Tuesday he was optimistic a row with Beijing over copyright theft could be resolved before sanctions
      Reuter,; AFP  -  528 words
    • SINO Brief
      • Article
        Lock icon S$84m poverty relief scheme
        72 6 AFP [BEIJING] China's prosperous southern province of Guangdong has earmarked 500 million yuan (5584.2 million) to achieve its ambitious target of raising its entire population out of poverty by the end of next year, Xinhua said on Tuesday. The poverty relief programme is to be focused
        AFP  -  72 words
      • Article
        Lock icon Lien Chan re-appointed PM
        52 6 AFP [TAIPEI] President Lee Teng-hui yesterday reappointed Vice-President Lien Chan as prime minister of Taiwan, heading a government that will be formed later this month. "The decision was made after carefully weighing the opinions of the public and considering political stability and national solidarity," Mr Lee
        AFP  -  52 words
      • Article
        Lock icon HK losing economic edge: report
        92 6 AFP [HONGKONG] Hongkong is losing its economic advantage over rival economies, and will slide further if the government does not curb spending and deregulate certain sectors. The Far Eastern Economic Review says in its latest edition that even the territory's most outspoken optimists are expressing
        AFP  -  92 words
  • Page 6 Advertisements
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      506 6 JBBBBIiBiiBBBSiiBiBBBBBIBBiiBBBIIiaiISiBBBiiBI Superb Choice of Delicacies i At Tempting Prices j [j Superior Shark's Fin with Braised Whole Braised Whole Abalone with Bird's Nest with SI Crabmeat and Dried Scallops Shark's Fin in Claypot Oyster Sauce Rock Sugar Usual Price Usual Price iit! Usual Price $49 Usual Price 1 Now $16.80
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      89 6 Incorporation of offshore companies with Chinese name Memorandum and Articles of I Association are issued in Chinese I Certificate of Incorporation is issued For further information with company name in Chinese and immediate service characters pi™, comae. Michael J Kingston Corporate documents notarised or OFFSHORE authenticated by the Embassy of
      89 words
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  • ASIA
    • ASIA Notes
      • Article
        Lock icon Opposition blocks new ruling party
        76 7 AFP (SEOUL] South Korea's newly elected National Assembly opened yesterday but was immediately paralysed by the opposition, which blocked the ruling party from approving a new Speaker. The New Korea Party called a special session to approve Kim Soo Han as assembly Speaker, but it
        AFP  -  76 words
      • Article
        Lock icon US could ease sanctions on N Korea
        66 7 AFP [WASHINGTON] A top US official on Tuesday said the United States could ease economic sanctions on North Korea if progress is made in negotiations on limiting its missile production and exports. Assistant Secretary of State Winston Lord said the US is seeking
        AFP  -  66 words
      • Article
        Lock icon Tokyo silent on purchase of Iraqi oil
        81 7 Reuter [TOKYO] Japan's Trade Ministry has remained silent on how or if it will allow Japanese companies to buy Iraqi oil, but this has not ruffled Japanese oil traders, who say they can wait for a decision. Japan's Ministry of International Trade and
        Reuter  -  81 words
    • Article
      Lock icon Australia, M'sia strike new trade agreement
      203 7 CANBERRA Reuter AUSTRALIA and Malaysia yesterday further cemented improving relations with a new trade pact aimed at increasing bilateral trade and investment and fostering corporate sector cooperation in world markets. "This marks a new beginning in our trade relationship with Malaysia," said Australian Trade
      Reuter  -  203 words
    • Article, Illustration
      Lock icon New Indian govt unveils its economic plan
      506 7 NEWDELHI Programme pledges restrained liberalisation, vows to protect state role in crucial sectors Reuter, AFP INDIA'S new centre-left government unveiled an economic programme yesterday that pledged restrained liberalisation and vowed to protect the role of the state in crucial sectors. "Today I am
      Reuter,; AFP  -  506 words
    • Article
      Lock icon Tokyo backs US$300m loan for China power project
      259 7 ■TOKYO FT THE Japanese government has granted a US$3OO million (Ss42o million) official loan guarantee to Japanese contractors working on a 20-year power station project in southern China the first time it has backed a scheme of this kind. The deal, approved
      FT  -  259 words
    • Article
      Lock icon Seoul seen among top economies
      108 7 PARIS AFX-Asia SOUTH Korea may have the world's seventh strongest economy by the end of the decade if it maintains its current growth rate, the OECD said. The Organisation for Economic Cooperation and Development said in a study that further deregulation and trade liberalisation are
      AFX-Asia  -  108 words
  • Page 7 Advertisements
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      147 7 V isionary Leaders Die. 1/iskmary Products Become Obsolete. Visionary Companies Go On Forever. Dr Jerry Porras character of visionary companies, Esteemed strategist and co-onthor of Industry Week's Book of the Year '95 JUfr To Last sustain industry leadership. People guru Warren Bennis says, "In Built To lost, which will attain
      147 words
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      Page 7 Advertisements Column 2
      239 7 1 LAJ A Oris Sporty Elegance. Elegance In Sport. n ORIS Made in Switzerland Since 1904 Tte o ris Sporty Elegance is an expression of a dial, scratchproof sapphire crystal, water resistance to a depth of 50 meters, and a protected screw down crown are combined with a flat stainless
      239 words
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  • THE WORLD
    • Article
      Lock icon Ageing Europeans will spark savings boom
      363 8 LONDON Demand for financial assets will rise, say Merrill and Coopers Reuter EUROPE'S ageing population is set to trigger a savings boom over the next 20 years, boosting private demand for financial assets by as much as US$2OO billion (Ss2Bo billion) a year, two
      Reuter  -  363 words
    • Article
      Lock icon EU to ease worldwide ban on British beef
      205 8 BRUSSELS Reuter THE European Commission decided yesterday to ease a worldwide ban on British beef exports by allowing sales of beef derivatives gelatine, tallow and semen. An official said: "They decided to adopt the proposal... the ban is eased." The decision is
      Reuter  -  205 words
    • Article
      Lock icon German economy on edge of recession
      224 8 WIESBADEN AFP THE German economy is on a knife-edge of recession as official figures released yesterday showed that output fell by half a point in the first quarter of this year. "The German economy is scarcely growing any more," said the federal statistical office,
      AFP  -  224 words
    • Article, Illustration
      Lock icon Rouble for her thoughts
      46 8 [MOSCOW] A little girl standing in front of a Soviet-era flag with a portrait of communist leader Gennady Zyuganov and pirate-style bones glued to it. The flag was used by supporters of President Boris Yeltsin during their anti-communist rally on Tuesday. REUTER
      REUTER  -  46 words
    • Article
      Gold price slides in line with plunge in silver market
      386 8  -  m LONDON Dealers disappointed by weak demand from Far East By Neil Behrmann GOLD slid below a critical support level of US$39O an ounce in sympathy with a plunge in silver price. Towards London's close yesterday, gold was trading at
      386 words
    • Article
      Lock icon Labour market worries Lindsey
      254 8 TROY, New York Bloomberg Business News WHILE inflation hasn't accelerated yet, economic growth and competition for scarce workers are cause for concern, Federal Reserve governor Lawrence B Lindsey said. "There aren't obvious signs of inflation, but we are in an environment where one should be very
      Bloomberg Business News  -  254 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      109 8 m Asia's First Financial Guarantee Company ASIA LIMITED Asian Securitization Infrastructure Assurance (Pte) Ltd Subscribed Capital Of US$l5O Million I Rated Double A By Duff Phelps Credit Rating Co. Single A By Standard Poor's Guarantees Asset-Backed Securities And Infrastructure Financings i i Shareholders CapMAC Asia Ltd. Asian Development Bank Employees
      109 words
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      Page 8 Advertisements Column 2
      214 8 I t if you're off to KL again for a mid-week business Jon t you mate your meeting, why not do it in style? Take the Tuesday night next KL business trip j I v cruise to KL on hoard one to remember, with a j 'j P Star Aquarius.
      214 words
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  • Page 9 Advertisements
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      63 9 telephones are features a the a Yellow the takes three keys to access every These keys you the menus to choose the you want easy expandable a or fax a adapter J easy no tools or Many why the telephones See us at CommunicAsia '96 new Optiset-E, the *J|s|^^H^H^K| our
      63 words
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  • EDITORIAL & OPINION
    • Article, Illustration
      India gives up the umbrella of Congress Party
      778 10  -  THH BOTTOM LIME OPINION By Prem Shankar Jha The writer, a former editor of The Hindustan Times, contributed this article to BT INDIA is struggling to come to grips with the most fundamental change that its political system has experienced since June
      778 words
    • Article
      IN OTHER WORDS
      78 10 'Retail still very much comes down to the feel-good factor.' -JdmHang managing director of Wheelock Co in Hongkong on the retail downturn. 'One bitter truth has to be understood. Hindus are in a majority, but they are suffering from a minority complex.' Atal Bih&ri Vajpayee former Indian
      78 words
    • Article
      Topping the rankings
      590 10 EDITORIAL AN economy is internationally competitive, according to the World Economic Forum's Global Competitiveness Report, if its institutions and policies support sustained and rapid economic growth. Competitiveness, in other words, reflects the fitness of a nation's economic institutions and policies. The International Institute for Management Development's rival
      590 words
    • Article, Illustration
      Bulls enjoy the party
      958 10  -  Wall Street investors are unsure of how to value a market which continues to rise By Neil Behrmann The writer is BT's London correspondent THE chart of the 100-year-old Dow Jones Industrial index is being compared to New York's Empire State Building. Wall Street analysts, who
      958 words
    • Article
      WHAT THE OTHERS SAY
      863 10 Japan must help farina fit tn BRITISH historian Edward Hallett Carr, in his book The Twenty Years' Crisis 1919 1939 on international politics between World War I and 11, refers to economic blockade as an "economic weapon" that serves as an instrument of national policy. Regional
      863 words
  • Page 10 Miscellaneous
    • Miscellaneous
      Page 10 Miscellaneous Column 1
      23 10 DOONESBURY FLASHBACKS By Gary Trudeau excuse/us, f tm WReNorp/ iseßvep/N n THATI notgoing Hw?W-£J ANYCHANCe \vOUKCOUN7Kr RIGHT*} TOBTTB. I 7^^Z\ VIETNAMEZe, AM I
      23 words
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  • EXECUTIVE LIFESTYLE
    • Article, Illustration
      Lock icon Getting down to the job at hand
      961 11  -  Psychologists claim that procrastinators can be cured of their tendency to put off tasks, reports jamb e brodt JANE E BRODY NYT PERHAPS there are a few things you inevitably procrastinate about. For me, it is sending condolence letters and sorting and filing
      NYT  -  961 words
    • Article, Illustration
      Lock icon From early days of pain to stardom
      1196 12  -  PROFILE Seal can only recall he was heartbroken and poor when he wrote the Grammy-winner, Kiss From a Rose By] Robin Finn NYT [NEW YORK] The artist formally known as Sealhenry Samuel and now best known for his pop madrigal Kiss From a
      NYT  -  1,196 words
    • Article
      Lock icon No rhyme or reason: Il Postino composer
      489 12 MUSIC Oscar winner says with his God-given talents, he has no need to plagiarise Reuter [ROME) An Argentine-born composer who won an Oscar for the music to the Italian film II Postino (The Postman) defended himself from charges of plagiarism on Tuesday, saying
      Reuter  -  489 words
    • Article, Illustration
      Lock icon Merci et adieu
      85 12 [ROLAND GARROS, France] Stefan Edberg of Sweden blowing a kiss to his fans after receiving a standing ovation from the French Open crowd here on Monday. Edberg, who has won every major tournament in the game except this one, made his final exit here as he is
      REUTER  -  85 words
    • Article, Illustration
      Brava—a milestone for Fiat
      956 14  - Brava —a milestone for Fiat MOTORING The European Car of the Year winner combines Italian flair and German quality with Japanese price By i Christopher Tan [SINGAPORE) The latest sign that the industry is undergoing a paradigm shift lies in the product brochure of Fiat's Brava, which is sprinkled with
      956 words
    • BUMPER to BUMPER
      • Article
        Volvo trying to get hip fast
        73 14 VOLVO is sustaining its efforts to shed its sedate image. Collaborators of its sporty 850 programme have come up with the 850 R, touted as the most powerful and fastest standard Volvo in the company's 70 years. For fans who missed the limited edition
        73 words
      • Article
        Where women cabbies are popular
        63 14 MORE and more women in Xian, China, are taking to the streets as taxi drivers. Today, women make up slightly more than 17 per cent of the total 15,000 drivers in the capital city of China's western Shaanxi province. According to a survey, these women
        63 words
      • Article, Illustration
        Sun setting on London cab engines
        52 14 THE institutional London cab is powered by an engine as Japanese as wasabe. Since 1988, Nissan Motor has supplied over 10,000 turbo-diesel engines and transmissions to London Taxis International. Last November, a contract extending this arrangement through the end of 1999 was signed. Sounds
        52 words
      • Article
        What a Swede gesture
        45 14 TRANS Eurokars, the importer of Saabs which recently introduced a fixed-cost maintenance programme, has launched Saab Assist. This plan allows customers to rail for service assistance during office hours instead of having to have their vehicles towed in for minor repairs.
        45 words
      • Article
        Free car rental for Diners members
        63 14 A B CAR RENTALS and Diners Club have teamed up to offer card-holders a preferential programme for vehicle rental. Members who sign up for the Preferred Motoring Club get three days of free rental at once; and also enjoy a 25 per cent off
        63 words
      • Article
        Chrysler sued for not recalling cars
        74 14  -  -Compiled by < Christopher Tan CHRYSLER Corp was sued by US federal regulators after it defied an order to recall 91,000 Cirrus and Dodge Stratus cars with seat-belts that officials claim are not safe. The rare refusal to comply followed a National Highway Traffic
        74 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      3351 11 I BUSINESS Notices i<> \i)\i: k i i si: evil r()i.i.• I k i: I-: Ixoo-741 iss 31 THE COMPANIES ACT. CAP 50 ABSOLUTE LIGHTINGS A TRADING PTE LTD (IN MEMBERS VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of the Members of ABSOLUTE LIGHTINGS A TRADING PTE LTD duly convened
      3,351 words
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  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      95 12 Chinatown Restaurant presents unlimited servings of Sichuan delicacies, prepared a4a-minute. Select *U UKa J!K from over 60 varieties CouiMentty voted a one ol I r t J > Sinapom Bat Rataunnu for lunch and dinner. ZZZ I Itta lotk. Seaport im It Td 7171 M* Fm: TIWNI 0.M,! manifad ii
      95 words
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      Page 12 Advertisements Column 2
      160 12 m x. From 11.30 am 2.30pm 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. SLtfUR GATI RESTAURANT
      160 words
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      Page 12 Advertisements Column 3
      70 12 IBS! hi; ihiiyik RIGHT TO VOI R IH)ORSTKI>S Only at: W IHtsurtms, ill we haue it. >411 flt Seafood International, OFF we se y° u ii, for Lunch only the way you uiant it to be. WtdwidsA Y) V public hofcdars VLV I lam-1 lpm j^W>'*Tet*t*aTio*A*. ttSf RCstauaamt yffMWV6HMe/rr S«dood
      70 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      187 12 th K WEATHER Singapore: Showers over many areas in the morning and early afternoon. Tempera ture (31-25) AMa-Pactilc Hl/U* Cood. Europe Hi/Lo* Good. Anwrka Hi/Lo* Catwl. ur ™l d —'*'*> Cloudy Amsterdam 2X.12 Sunny Attanto 27/20 Cloudv Map* 32,17 Tstonn Athens 3119 Tslonn Buenos Aires IMB Cloudy If*"* tvm Cloudy
      187 words
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      Page 13 Advertisements Column 1
      585 13 Singapore Business giving you the winning edge The All Naturally Brewed Beer. BRltfGitfGYnuft TflsT€ Of JIDrtGDLiA X o \U N v Adult: $19.80+++ Child: $13.80+++ Available on Friday and Saturday. From 6.30pm to 10.00pm. For reservations, please call 731-7990. Septal fee house Recipe TWO DECADES At the New Luna Coffee
      585 words
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      Page 13 Advertisements Column 2
      66 13 Mezzanine INSPIRED invmnG MDEED At $12.50+++ P«r net of 9 This Famous Tianjing Speciality served on a Hot Stone is now available at Xin together with our popular selection of delicious Cantonese Dim Sum Mon Sat 12 nn 2.30 pm Sun Public Holidays 11 am 2.30 pm j 317 Outram
      66 words
  • Page 13 Miscellaneous
    • Miscellaneous
      Page 13 Miscellaneous Column 1
      759 13 TV&RAPIO ILOO Party of Five. 771 IL6B Silk Stalkings. 6.00 AM Morning News/CNN. 9.00 AM NBA Basketball 1235 AM Extra International. 12.00 NN News. Supersonics L4O Class Act. 12.15 PM Dokumentari. H Chicago Bulls (Final, L). 230 Beverly Hillbillies. 12.40 Fokus Niaga 1130 *TV Innovations. 3.06 Billboard US Top 20
      759 words
    • Miscellaneous
      Page 13 Miscellaneous Column 2
      183 13 CRYPTIC CROSSWORD 1 By no means wiped out (8) 5 There's some controversy 11 Obscure coteries may be ——taj—LbJ—^ formed (8) 14 A slump causes real un- THT~" happiness (10) |j-|HU-BLJH Sft 22 Kept changing course Z3BCZ)BtZ!jJ__jBr sound diplomacy! (6) 22 jI j woman (8) Z!jLZj|[LZJ^^^PtZlJllLZJllLZ|itZl 27Jum p e rs
      183 words
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      Page 14 Advertisements Column 1
      703 14 I "The first full-fledged spa in Singapore... A GENUINE SPA LOCATED CONVENIENTLY ON SENTOSA IN PLUSH RESORT HOTEL SURROUNDINGS." /rih m Samuel Ee has the details BUSiIieSS TlmeS, 1- 2 Jllty 1995 Sun 563 BlldSp3 dt ScntOSß Phytomer Spa at Shangri-La's Rasa Wk- mNkJ a+Ji t m*neJ'tut kmmd rt tragram
      703 words
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  • COMPANIES & MARKETS
    • Article
      Lum Chang to build 36 flats at Draycott Drive
      368 15  -  Group also plans luxury project at Holland Road, condo at Jin Loyang Besar By. Agnes Wee [SINGAPORE] Lum Chang subsidiary LC Development will develop a 2,807 sq m prime residential site at Draycott Drive into 36 apartments. The company announced the
      368 words
    • Article
      Lock icon United Engineers to float PLUS
      128 15 Reuter [KUALA LUMPUR] United Engineers (M) Bhd will float its wholly-owned Projek Lebuhraya Utara-Selatan Bhd (PLUS) after the toU road operator has maximised the value of its assets and operations. UEM managing director Jaafar Hamid yesterday indicated this would be done after the Malaysian government
      Reuter  -  128 words
    • Article
      CASH plans issue to raise M$49m
      280 15  -  From Ruth Wong in Kuala Lumpur CLOB-LISTED Construction and Supplies House Bhd (CASH) is proposing a private placement of 13.872 million new shares or about 10 per cent of its paid-up capital to raise funds totalling nearly Msso million (Ss2B million). In a statement
      280 words
    • Article
      JEL's repositioning itself for long-term gains
      623 15  -  HOCK LOCK SIEW R Sivanithy ONE of the harsh realities in the stock market is that investors always want to see quick results. If a company doesn't perform well today, its stock will be sold tomorrow. And when it falls out of favour, the
      623 words
    • Article, Illustration
      Lock icon Container banking
      61 15 [SINGAPORE] This DBS Bank branch is in Ang Mo Kio Central. Or rather, it temporarily replaces the branch in an HDB block nearby. That branch is being refurbished to create a better banking ambience for customers, said a DBS spokeswoman. She added that several DBS branches, especially the
      ARTHUR LEE  -  61 words
    • Article
      MBf buys Philippine brokerage
      323 15  -  Deal via Philippine flagship kicks off Manila acquisitions From, Al Labita in Manila THE listed Philippine flagship of Malaysia's MBf Holdings Bhd is buying over stockbroking firm Corinthian Securities Inc (CSI) to kick off its acquisition binge in Manila. MBf Capital Inc corporate secretary Leo Dominguez
      323 words
    • Article
      Lock icon Perwaja to merge with Wing Tiek unit: report
      181 15 Reuter [KUALA LUMPUR] Perwaja Terengganu Sdn Bhd will merge with Wing Tiek Holdings Bhd's National Steel Corp under a proposed Wing Tiekled rescue of the insolvent steel concern, the Malaysian Business Times reported. Perwaja, a state-owned steel company which has accumufated losses
      Reuter  -  181 words
    • REGIONAL COMPANIES
      • Article
        Lock icon SHK & Co: counter bid likely
        562 16 SHK Co: counter bid likely Management and ex-partners of founding family said to hft rha Hanging Allied Properties deal SCMP [HONGKONG] Management at Sun Hung Kai Co (SHK) is believed to be preparing a counter bid for control of the brokerage, in partnership with former partners of the founding Fung
        SCMP  -  562 words
      • Article
        Lock icon Court freezes further share issue by Pengkalen
        460 16 Bernama [KUALA LUMPUR] Loyal Design Sdn Bhd, a wholly-owned unit of Malayan United Industries Bhd (MUI), yesterday obtained an interim injunction from the High Court here restraining any further share issue by Pengkalen Holdings Bhd that would increase the latter's issued share capital
        Bernama  -  460 words
      • Article
        Lock icon Uniphoenix ties up with Manila's SDK Builders
        206 16 Bernama [MANILA] Kuala Lumpurlisted Uniphoenix Bhd has tied up with Manila's SDK Builders Inc to market worldclass construction materials in the Philippines. A joint venture agreement was signed by Uniphoenix engineering general manager S K Lim and SDK managing director Sherwin Hing in
        Bernama  -  206 words
      • Article
        Lock icon Shinawatra still in talks with Deutsche Telekom
        159 16 Reuter [BANGKOK] Shinawatra International Co yesterday said it had not concluded talks for Deutsche Telekom AG to either hold a stake in the Thai firm or for the two to team up in a strategic partnership. A public relations official of Shinawatra said
        Reuter  -  159 words
      • Article
        F&N Coke buys Karachi bottler
        136 16 {SINGAPORE] F&N Coca-Cola Pte Ltd's newly formed Karachi set-up announced last week that it had acquired the operations and facilities of local Coca-Cola bottler, National Beverage Pte Ltd. The company, now known as Coca-Cola Beverages Pakistan Pte Ltd, will continue to produce and distribute the
        136 words
      • Article
        Lock icon Jardine sees weak '96 car sales
        225 16 Knight-Ridder [HONGKONG] The Hongkong and China car markets will remain weak throughout this year, Simon Keswick, chairman of Jardine International Motors Holdings (JIMH), said yesterday. Speaking at the company's annual general meeting, Mr Keswick said that due to poor market conditions, JIMH's full-year 1996
        Knight-Ridder  -  225 words
      • COMPANY Briefs
        • Article
          Temasek clarifies SingTel share sale
          97 16 {SINGAPORE] Both Singapore Telecom and Temasek Holdings clarified yesterday that the sales of two blocks of Sing Tel stock amounting to 654,000 shares on May 30 were transactions in which Temasek only had a deemed interest, and not sales made by Temasek as reported in
          97 words
        • Article
          Go-ahead for Haw Par warrant issue
          43 16 (SINGAPORE] Haw Par Brothers International's shareholders yesterday approved its proposed new warrant issue. It is issuing one warrant at 85 cents for every 10 shares held, as part of a share-cum- warrant issue to raise $100 million.
          43 words
        • Article
          Vikay gets nod for warrant-rights issue
          79 16 (SINGAPORE! Shareholders of Vikay Industrial yesterday approved its rights and warrants issue, and agreed to lift the company's share capital from $50 million to $87.5 million by creating 150 million new 25-cent shares. Vikay is proposing a 2-for-5 rights issue priced at 40 cents
          79 words
        • Article
          DBS Land unit takes up project stake
          41 16 [SINGAPORE] DBS Land yesterday said wholly-owned subsidiary DBS Realty has subscribed for its 50 per cent stake, equivalent to 500,000 $1 shares, in Laguna Garden Ltd, which is building a residential development in Bedok.
          41 words
        • Article
          Wassall Asia Pac director quits
          57 16 [SINGAPORE] Wassail Asia Pacific yesterday announced the resignation of Robert William Cossins from his posts as director of the company and its subsidiaries, as well as managing director of the York Group. His resignation, effective on Aug 23, is for personal and family reasons. Nigel
          57 words
    • COMPANIES
      • Article
        Lock icon Peregrine unit accused of operating illegal firms in Vietnam
        218 17 AFP [HANOI] Vietnamese officials have accused a subsidiary of the Hongkong merchant bank Peregrine Investment Holdings of illegally operating 13 companies trading in luxury consumer goods, an official involved in the investigation said yesterday. The official from Ho Chi Minh City's
        AFP  -  218 words
      • Article
        Lock icon Cheung Kong buys 11 China toll roads
        110 17 Bloomberg Business News [HONGKONG] Cheung Kong Holdings Ltd paid 1.5 billion yuan (***** million) for 11 toU roads in China as it prepares to seU shares in its infrastructure unit, the Chinese-lan-guage Hongkong Economic Journal reported, citing unnamed sources. The unit to be
        Bloomberg Business News  -  110 words
      • COMPANY Briefs
        • Article
          Lock icon Cadbury Schweppes sells UK plants
          73 17 FT [LONDON] Cadbury Sch weppes sold Its British soft drink plants on Tuesday for about £700 million (Ssl.s billion) to give it more resources to develop its confectionery and soft drink interests into global businesses. The buyer of Cadbury*s 51 per cent stake in Coca-Cola
          FT  -  73 words
        • Article
          Lock icon Telecoms venture in France in the works
          70 17 FT [LONDON] French construction group Bouygues, Stet of Italy, Cable and Wireless of the UK and Veba of Germany are preparing to launch a telecoms venture in France. Bouygues confirmed on Tuesday that it is in discussions with Stet, Italy*s state-controlled telecommunications holding
          FT  -  70 words
        • Article
          Lock icon Reading & Bates gives up on Transocean
          65 17 Reading Bates gives up on Transocean Bloomberg Business News [HOUSTON] Reading A Bates Corp said it wrmbj its US$l.5l billion (552.11 billion) offer for Transocean AS after the Norwegian driller's largest shareholder backed a competing bid. Sonat Offshore Drilling Inc had raised its bid for Transocean on May 20, winning
          Bloomberg Business News  -  65 words
        • Article
          Lock icon LA Times halves newsstand price
          48 17 Bloomberg Business News [LOS ANGELES] Times Mirror Co's Los Angeles Times halved its newsstand price to US$O.25 (550.35) to raise circulation and charge advertisers more. The LA Times is also spending US$54O million on its first advertising campaign in six years.—Bloomberg Business News
          Bloomberg Business News  -  48 words
      • Article
        Aussie govt sells its CBA stake
        569 17  -  Sale of country's largest bank expected to raise As4b for Canberra By] Peter Lynch m Sydney WITH banks in the middle of a home loans price war and under pressure over profits, the Australian government yesterday announced the sale of its controlling stake in
        569 words
      • Article, Illustration
        Lock icon Tycoon cleared of tax evasion
        57 17 [MANILA] Beer and tobacco tycoon Lucio Tan, talking to reporters in this filephoto, was acquitted by the Philippine Supreme Court yesterday of tax evasion charges involving 25.6 billion pesos (SSL 4 billion). The government had alleged that Mr Tan had avoided paying taxes on behalf
        REUTER FILEPHOTO  -  57 words
      • Article
        Online Wall St Journal expected to be profitable
        323 17  -  Users will be charged and can create own versions of the paper By Vikram Khanna [SINGAPORE] US media giant Dow Jones Co is looking to substantially increase its subscription and advertising revenues from the Wall Street Journal after the launch last month
        323 words
      • Article
        Lock icon Nortel wins Sri Lankan contract
        195 17 AFP [SINGAPORE] Northern Telecom Ltd of Canada yesterday said it had been chosen to supply and install a new nationwide radio-based telephone system in Sri Lanka. Nortel officials attending a communication trade show here declined to disclose the value of the contract awarded by Lanka
        AFP  -  195 words
      • Article
        Lock icon Euro pay TV alliance gets fuzzy reception
        385 17 Murdoch concerned about slow progress of preparation Reuter [BONN] A European pay TV alliance between several of the region's biggest broadcasters appears to be stumbling before it has truly got up. Industry sources yesterday confirmed a report in the Financial Times that said
        Reuter  -  385 words
      • Article
        Lock icon James Hardie seen posting 12-20% profit fall
        313 17 Reuter (SYDNEY] James Hardie Industries Ltd is expected to report today a 12 to 20 per cent fall in net profit before abnormals for the year to March 31, 19%, compared with the A 569.5 million (Ss77 million) in 1994/95. The building products
        Reuter  -  313 words
    • INTERNATIONAL COMPANIES
      • Article, Illustration
        Lock icon Yet another Internet alliance
        300 18 CompuServe to fuse Microsoft's new set of software tools Reuter [NEW YORK] CompuServe Inc, the No 2 online service, will be the first to use Microsoft Corp's new "Normandy" Internet software technology in yet another Internet alliance that forces rivals to be friends. •CompuServe, which is
        Reuter  -  300 words
      • Article
        Lock icon Apple sells US$575m convertible bonds
        284 18 Bloomberg Business News, Reuter {CUPERTINO, California] Apple Computer Inc sold US$575 million (SsBlo million) in convertible debt as some investors bet that chairman Gilbert Amelio's turnaround plan will boost the company's results and stock price. The bonds mature in 2001 and pay 6 per cent
        Bloomberg Business News,; Reuter  -  284 words
      • Article
        Lock icon TI to buy TDK unit, Silicon Systems, for US$575m
        162 18 Bloomberg Business News [TOKYO] Texas Instruments Inc will buy Silicon Systems Inc, a unit of TDK Corp of Japan, for US$575 million (SsBos million), strengthening Tl's position as the leading maker of semiconductor chips for computer disk-drives. The purchase will combine
        Bloomberg Business News  -  162 words
    • FINANCE & COMMODITIES
      • Article, Illustration
        Lock icon Hutchison plans to borrow US$1.5b for expansion
        481 19 Deal by the Ti Ha-ahing fwwpany is HE'S largest corporate loan Bloomberg Business News [HONGKONG] In the territory, nobody borrows money like Li Ka-shing. The billionaire's Hutchison Whampoa Ltd plans to borrow US$l.5 billion (Ss2.l billion) from 32 banks in the colony's biggest
        Bloomberg Business News  -  481 words
      • Article
        Lock icon HSBC: No plans to sell HK banking assets to China
        418 19 Reuter [SYDNEY] HSBC Holdings pic expressed optimism on Tuesday about the future of Hongkong under Chinese rule, but the company said it had no plans to sell any of its Hongkong banking assets to Beijing interests. HSBC chairman William Purves
        Reuter  -  418 words
      • Article, Illustration
        Lock icon Further volatility expected for New Zealand dollar
        461 19  -  Traders say unit likely to head sonth but downside limited By Siow Li Sen [SINGAPORE] The New Zea land dollar (NZD), so popular with Singaporeans because of its high interest rates, looks set for further volatility with a southward bias as elections approach
        Source: Bloomberg; JEN CHUA  -  461 words
      • Article
        Lock icon Prudential's mutual fund chief executive to resign
        204 19 Bloomberg Business News [NEW YORK] The chief executive of Prudential Insurance Co of America's mutual fund group will step down in autumn to take a new job in the company's money management business. Richard Redeker, who's overseen Prudential Mutual Fund Management Inc since
        Bloomberg Business News  -  204 words
      • Article
        Lock icon Region to remain top oil market
        443 20 Dynamic growth will require expansion of storage terminals, conference told Reuter [SINGAPORE] The Asia-Pacif-ic region's dynamic growth Will continue to make it the leading oil market through 2015, requiring the expansion of oil storage terminals, industry experts said on Tuesday. ,"The ongoing deregulation of
        Reuter  -  443 words
      • Article
        Lock icon CSFB sued for £26m over advice to brewers
        249 20 FT [LONDON] CS First Boston, the investment bank owned by CS Holding, is being sued by a client for its work on a deal which was one of the first public takeovers upon which CSFB advised in the United Kingdom. CSFB acted
        FT  -  249 words
      • Article, Illustration
        Lock icon S African forgers trapped
        57 20 [JOHANNESBURG] South African police hiked up their fight against white collar crime in a trap for forgers dealing in false currency on Monday. Police spokeswoman Amanda Roestof shows the counterfeit 1.2 million rand (*****.470) seized from a suspect arrested for trying to sell the fake cash
        REUTER  -  57 words
      • Article
        Lock icon Deutsche Morgan Grenfell hires 44 ING Barings staff
        276 20 Bloomberg Business News [LONDON] Deutsche Morgan Grenfell has hired 31 emerging markets executives from ING Barings, raising the total number in the past week to 44. Deutsche yesterday said it had hired a total of five senior executives and 39 equity traders,
        Bloomberg Business News  -  276 words
      • Article
        Lock icon Internet banking makes regulators' job tougher
        230 20 Bloomberg Business News [SYDNEY] The rapid pace of technological change, while often making banking easier and more transparent, may in fact be making it tougher for central banks to keep tabs on the financial services industry, said former Bank of England associate director Peter
        Bloomberg Business News  -  230 words
      • Article
        Lock icon Saudis favour raising Opec quota to cover Iraq
        344 20 But other producers unlikely to be given higher allocations Reuter [VIENNA] Saudi Arabia has thrown its weight behind the idea that Opec should raise its production ceiling to allow for resumed oil exports from Iraq now that the United Nations is relaxing
        Reuter  -  344 words
      • Article
        Lock icon Euroyen up as rate fears ease
        237 20 SSMELReport Reuter [SINGAPORE] Simex Euroyen futures firmed on expectations of a continued easy monetary policy after the release of the Bank of Japan's tankan quarterly business sentiment survey at the end of the week. The market was bolstered in part by reports that the
        Reuter  -  237 words
      • Article
        Lock icon CURRENCY REPORT
        166 20 Reuter, AFP London THE dollar lurked below 109 yen, staying shy of the fresh 28-month high set in here on Tuesday but retaining an underlying bid against a generally ailing Japanese unit. The yen remained under pressure as speculation that tomorrow's tankan report, the Bank of Japan's quarterly
        Reuter,; AFP  -  166 words
      • Article
        Lock icon Quota busting angers oil cartel as Iraq lines up sales
        322 20 ENERGY REPORT Reuter [VIENNA] Resentment smouldered among other Opec members yesterday that top producers Saudi Arabia and Iraq are failing to meet a challenge of setting realistic output quotas that all cartel members can adhere to. Delegates said complaints were
        Reuter  -  322 words
      • Article, Illustration
        Untitled
        1227 20 IMTBRBAICK CURREWCT RATES 4pm,Jun5 I. AfdHt S$ Attest US* > .y,\ AfiiHt S$ 37~I MMVM Ill iML M no Offor W Off* St CSt to one unit of foreign currency: SSAJSS to 100 imiit of foreign currency: AastraOan «o«ar 1.1179 1.IH4 0.7931 0.713* Fraud! franc 27.2173 27.24U *****9 19.3136 Canadian
        1,227 words
    • Article
      COMMODITY PRICES
      1701 21 SI COM ruxwBB Jun5 NMC>{Mwwd«ta«aAUOpi) tSS1 C0*T1ACT(S cwtsA«) CM* MM OpM MM* HUh Uw Stt ftn) Mtwwt JM96 206.50 208.50 201.90 150 1700 Am 98 205.00 204.75 204.75 275 2475 S«»96 ***** ***** 200.75 250 2729 M/hcN T9175 H475 Jw/Mr 97 198.25 2925 Aff/Jm 97 198.25 RSSSCONTRACTWcMafe) Mmn
      1,701 words
    • Article
      WORLD STOCK MARKETS
      2260 21 IjQM)ON J—5 Nn *h A. A. Corp Adr 631/2 -.620 AS Ports 292 unch *M«y National 564 *2 AIM Lyons 475 -7 Amec 114 *1 Argyll 3591/2 11/2 Asda Group 1201/2 11/2 BAT tad 522 -1 BKC 333 7 BOC Group 934 -3 BR Petroleum 5611/2 -1/2
      2,260 words
    • Article
      Lock icon TOKYO
      1691 21 Bloomberg Business News Q Nikkei 225 *23.31 STOCKS were little changed as revived concern over the fate of Japan's ailing lenders offset hope that Japan's exporters will profit from a stronger dollar. Trading was low as investors waited for the Bank of Japan's tankan survey of economic sentiment for
      Bloomberg Business News  -  1,691 words
    • Article, Illustration
      Lock icon HONGKONG
      1717 22 Reuter PI Han* Sen* +5.60 SHARE prices closed flat after fumbling around in tight ranges all day, ignoring Wall Street's rebound. The key Hang Seng Index inched up 5.60 points to 11,092.51. The All Ordinaries Index gained 3.38 to 5,300.67. Index futures were also adrift with June contracts finally
      Reuter  -  1,717 words
    • Article, Illustration
      Lock icon CHINA
      673 22 Bloomberg Business News Reuter Q Shanghai B Share Index -0.71 THE Shanghai B market finished close to record lows as investors raised cash to buy shares in Shanghai Huili Building Materials and other new stocks. The B Index fell 0.71 point to 47.71 on volume of US$2.5 million. The
      Bloomberg Business News; Reuter; Source: Credit Lyonnsis Securities(Asia) Ltd  -  673 words
    • Article
      Lock icon TAIPEI
      363 22 AFP □wp Index +2944 SHARE prices finished higher as investors welcomed low May inflation figures. "Some blue chips and China-related issues had recovered, boosted by reports that the consumer price index grew a mere 2.82 per cent in May," said a trader. The Weighted Price Index rose 29.94 points
      AFP  -  363 words
    • Article, Illustration
      Lock icon JAKARTA
      733 22 AFP fJCwnpoMtclhdei +OJ6 SHARE prices closed slightly higher after gains in Gudang Garam and Astra's local shares offset profit-taking sparked by a decline in Telkom on Wall Street. "The US was up but Telkom was down and that was one of the driving forces for the market's earlier decline.
      AFP  -  733 words
    • Article, Illustration
      Lock icon BANGKOK
      850 22 AFP P SET Intel -1418 SHARE prices fell, led by a sell-off in the finance sector over worries that authorities would begin restricting credit for finance firms. "Investors are worried that the Bank of Thailand will issue measures to reduce risks involving credit extensions for finance companies," said an
      AFP  -  850 words
    • Article
      Lock icon MANILA
      367 22 AFP Q Manila *24J53 SHARES rose as investors reacted to lower inflation data for May. Consumer prices rose 10.4 per cent from a year earlier in May, compared to an 11.3 per cent clip in April. The Composite index rose 24.53 points to 3,239.57. Turnover was 20 billion shares
      AFP  -  367 words
    • Article
      Lock icon SEOUL
      441 22 AFP Fl Composite Index *182 SHARE prices closed higher, led by rallies in low and midpriced stocks. The Composite Price Index climbed 3.82 points to 913.25. Trading was to 29.6 million shares worth 705 billion won. Rises beat falls 606 to 207 with 106 stocks unchanged. Shares deemed as
      AFP  -  441 words
    • Article
      Lock icon SYDNEY
      629 22 AFP Dill Ordinaries 43 SHARES failed to take inspiration from a soaring Wall Street and closed lower after gold and base metal prices lost some of their shine. The All Ordinaries Index finished 6.3 points softer at 2,229.7. Turnover was 282.6 million shares valued at AJ491.1 million. Among blue-chip
      AFP  -  629 words
    • Article
      Lock icon WELLINGTON
      290 22 AFP F1 Wellington +&38 SHARE prices ended modestly firmer. The NZSE-40 Capital Index was up 8.38 at 2,044.43. Turnover was NZ$6O million thanks largely to a line of 1.74 million Telecom shares traded at NZ$5.B9 a share. AFP Jmi (-000) AN2 Bankinq 6 84 0.01 1120 Advantage* HKJqs 1.S5
      AFP  -  290 words
    • KUALA LUMPUR STOCK MARKET
      • Article, Illustration
        Lock icon Small-cap issues lead rise in share prices
        7866 23 KUALA Itvmurv&Reports Bloomberg Business News P| Composite Index j*L77 STOCKS rose, led by small-cap issues that had fallen to prices investors deemed attractive relative to future profits. "It was a knee-jerk reaction to push the stocks lower after recent moves by some stock
        Bloomberg Business News  -  7,866 words
    • WARRANTS & OPTIONS
    • Article
      CLOB INTERNATIONAL
      2423 24 MALAYSIAN STOCKS Cr 6c 1*M Last V«t Day Laat Ouata My IN* VM MM M Cap HM» law Stxa Cwht Sat* COOP) HM* L— Buyar Sa»ar CV W M MOO AISBSOf Wt M S 3* 3*4 312 3M 10 04 K7 Ml O M at 5001 AMOBSOc UK
      2,423 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        1247 25 TWWOVM (*000) VALUE (*000) ttote at Tfl cut Tft ln*rt»r»* 34,229 10.258 44,487 147.240 17.605 164.849 2»we» 5.989 9.393 15.382 61.764 6.538 68.302 y*** 1 2.024 1.205 3.229 5.855 2.211 8,066 STJK2!?* 10.594 7,728 18,322 48.036 10,156 58.193 WjnUMoo 875 875 2,045 2.045 J**>9 311 3n 936 938 3.832 4,614
        1,247 words
      • Article
        MAIN BOARD
        4670 25 Gr Gr M Wt 1996 Last Vat Day Last Ou«t« ON DK YN Nil Cap A»g Law sw Cimpany UH COOP) Law 8wyar SaWar Cw P/t Plica MOUSTtlAU 5146 ASENT$10 200 US- 214 165 1258 AcarSOc US181 unch 198 182 t81 181 182 5 0N 7.5 LO 11J2
        4,670 words
      • Article
        SESDAQ
        993 25 Cr 6c M Wt Lwt Vaf Day Last Ouota Mv Otv VM Nat Cap Av< High Law StHo Company SaM COOP) Hlfh Law 8«yaf SaPaf Cvf P/t $m« Prtca ttSMO "*2 ca -4 2 243 2*3 241 244 10 >4.2 0.1 151.9 108.1 249 234 148 a 2001 Asumatru
        993 words
      • Article, Illustration
        HOT STOCK
        54 26  -  -By! Shiv Taneja MORE downside for STIC's share price is now quite clear on the directional charts. The stock closed yester day at $3.68, down 16 cents on a volume of 1.5 million units. There is strong support at $3.20, which might be a good time to get
        54 words
      • Article, Illustration
        Institutional investors give market a wide berth
        913 26  -  STOCK MARKET COMMENTARY Property counters recover slightly, bat analysts are still bearish on the longer term prospects for the sector By R Sivanithy [SINGAPORE] The local bourse had another quiet day yesterday as institutional investors and offshore funds waited by the sidelines in
        913 words
      • ON THE GRAPEVINE
        • Article
          No more discounts for Simsville
          117 26 EVER heard of rising prices in a perceived down market? Well, if you had enquired about DBS Land's Simsville project, you would have found that prices have actually moved up. Last month, you would still have been able to get a 5 per cent discount
          117 words
        • Article
          UBS and partners win loan mandate
          73 26 UNION Bank of Switzerland, Merrill Lynch and Commerzbank have won a mandate to help Rheinische Hypothekenbank AG, a German mortgage bank, raise some DM$2-3 billion (Ssl .8-$2.8 billion) in fixed-rate loans bearing five, seven and 10-year maturities. Of the issue size, 25 per cent
          73 words
        • Article
          A sticky question
          93 26 A CHEEKY question was posed early this week at a World Trade Organisation meeting in Geneva. It concerned Singapore's ban on chewing gum. But Singapore's chief delegate, the Ministry of Trade and Industry's Permanent Secretary Khaw Boon Wan, took it in his stride. 'The Ambassador of Norway
          93 words
        • Article
          The fall of Icarus
          140 26 PERHAPS STIC's recent fall should not surprise the market at all, one stock broker quipped. Being a close watcher of STIC shares, he noted the stock has had too good a run, all the way from its $1.50 low of 1995 to Its June 3,1996, high
          140 words
        • Article
          Watch the shaft
          38 26 GOLFERS, please be informed of the latest word on what makes a good golf club from the company, American Golf Technology. "It's not in the head," says a recent ad. "It's all in the shaft."
          38 words
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      Page 15 Advertisements Column 1
      31 15 CERRUTIIBBI SALE| AN ANNUAL AFFAIR 40% TO 70% DISCOUNTSTOREWIDE ON MENS FASHIONWEAR ACCESSORIES 31ST MAY TO 12TH JUNE 1996 (10.00 am to 8.30 pm) #01-15 PARAGON BY SOGO #02-54/60 WISMA ATRIA
      31 words
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      Page 16 Advertisements Column 1
      205 16 .t 1 VS9BRR Pot dispenser kmmm Room Temperature Lvi Hot/Cold Counter Top H Hot/Cold Water Dispenser R134 Ozone Friendly Compressor A Hot/Cold with r} refrigerator. IT MMnMonriAmnllor Watef SKM*,. >^QuSt Mirtur of Irfemttonal MM «W» Amoomoo WANIN INDUSTRIES PTE LTD 167-A Thomson Road, Goldhill Centre, S'pore *****9 Tel *****88 Telex
      205 words
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      Page 16 Advertisements Column 2
      135 16 A(■ cp p 5 i) L 5 4 Mr i i At Pepper's Restaurant, you'll relive the flavour of the 60s 70s in more ways than one. You'll simply dig the liver and onions, bangers and mash and shepherd's pie as much as you will our hearty North American fare
      135 words
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      Page 18 Advertisements Column 1
      1300 18 KIAW AIK HANG FINANCE COMPANY LIMITED I IHI (Incorporated in Singapore) yni 297, SOUTH BRIDGE ROAD, SINGAPORE *****9. TEL: *****69 Fax: *****50 BALANCE SHEET 7. TRADE AND LOAN RECEIVABLES IWS 1994 December 31,1995 vooo i«m iaaj Mortgage loans (third parties) AMq Assrre *555 fiS (i.wi) Current assets: 1.365 2.858 Cash,
      1,300 words
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      Page 18 Advertisements Column 2
      652 18 To: Holders of Bonds 1996 of Straits Steamship Land Limited ("the Company") Re: 5590,000,000 1.25% unsecured bonds and U5560,000,000 1.25% unsecured bonds due 1 July 1996 (collectively referred to as "the Bonds") 1. Redemption of Bonds Pursuant to the terms and conditions of the Trust Deed dated 28 June 1991
      652 words
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      Page 19 Advertisements Column 1
      63 19 9nr?shiart} sbti«n I j jiotv i If This SUMMER, need a room in Hong Kong? Only HKs7Bo* per room, per night THRU MEO^\S|[OI|FREE KOWLOON PANDA Hotel B P International House a ii m is mmmmmm q Comfort CoßKlton *plus 10% service charge and 5% goverment tax ♦plus 10% service charge.
      63 words
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      Page 19 Advertisements Column 2
      243 19 1 st International Conference On Wr Engineering Construction Insurance In Asia 1996 "Meeting The Insurance Challenges Of Rising Infrastructure Development In Asia 27 28 June 1996 Goodwood Park Hotel Singapore Keynote Address by Mr Chuang Shaw Peng President r W^The Singapore Contractors Association Limited .Asia Insurance Review, the leading professional
      243 words
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      Page 20 Advertisements Column 1
      71 20 a CORNER MURRAY ST. A BARRACK ST., PERTH, WESTERN AUSTRALIA. Adjacent to Murray Straat Mall. Fully leased freehold investment. Approximate net annual Income of $361,600. Excellent growth potential. Parmelia Milton Motel. Mill Street Perth. 11am Wed 3rd July 19*. Singapore Office Contact Chris MarricXt millVl Contact Ashley Wee VSIHHfiVfIPHHMH 20
      71 words
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      Page 20 Advertisements Column 2
      59 20 Notice of Interest Rate Cho Hung Bank Global Medium-Term Note Program Due 2000 NOTICE IS HEREBY GIVEN that the interest rate covering the interest payment period beginning May 24, 1996 and ending on November 25,1996 has been fixed at 5.9320%, The Interest Amount payable on each $250,000 Amounts to $7,621.01.
      59 words
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      Page 22 Advertisements Column 1
      66 22 Enhar^ t (Company anniversaries. Official openings. Corporate achievements. Topping-up ceremonies. And other special events. They are a cause for celebration. Use them to increase your company profile by taking out a Supplement in our group of newspapers. Talk to us! We'll be pleased to be your marketing partner. Joe Heng
      66 words
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      Page 23 Advertisements Column 1
      28 23 For real-time stock information, ®call Quickstock on 1900-913-0003 at 30 cents a minute. Stock numbers are available in the stock pages of The Business Times and Lianhe Zaobao.
      28 words
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      Page 23 Advertisements Column 2
      71 23 MV U GENEVE y{ is sought after not onfu for its technicalachievements. CButfor the very spirit ofadventure it emSocfies. v J*; i, Available exclusively at: Ngee Ann City Tel: 733 0618 Lucky Plaza Tel: 737 4593 Marina Square Tel: 338 4006 Suntec City Mall Tel: 337 5150 C I K|
      71 words
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      41 24 when the Market qet* Going, the Savvy 90 $URFIN£ Keep track of the latest Singapore and Kuala Lumpur stock prices on BT Stockwatch— http://www.asial.com.sg/btstocks on the Internet lEEaca BUSINESS CENTRE YOUR ONE-STOP SITE FOR SINGAPORE AND ASIAN BUSINESS NEWS AND INFORMATION
      41 words
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      186 25 To SPH AudioTex Department Singapore Press Holdings Ltd 82, Genting Lane Singapore *****7 Tel: 740-1493 Fax 740-2216 I wish to subscribe to the Quick Stock's Portfolio Manager as follows (please tick the appropriate box; prices include GST). Subscription Period 12 months I\ 6 months J 3 months at 5560.00 at
      186 words
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      Page 26 Advertisements Column 1
      475 26 11 s 1 A 1 1 1° 1 1 1 R 1 1 IXOO-741 IX X 3 m UPER COFFEEMIX MANUFACTURING LIMITED NOTICE OF ANNUAL GENERAL MEETING I NOTICE IS HEREBY GIVEN that the Fifth Annual General Meeting of I SUPER COFFEEMIX MANUFACTURING LTD. will be held at 101 Seletar
      475 words
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      Page 26 Advertisements Column 2
      512 26 Ufa! HWA TAT LEE HOLDINGS LTD LlilJ NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN (hat the Annual General Meeting of the Company will be held at 11 Gul Circle. Singapore *****7 on Friday. 21 June 19% at 10.00 am to transact the following business: AS ORDINARY BUSINESS 1.
      512 words
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      Page 26 Advertisements Column 3
      707 26 Singapore Closing Share Prices 05/06/1996 CLOSE PREV LOW HIGH tfllf# USS US$ US$ US$ All!## Jardine Matheson 7.60 7.60 7.55 7.70 FIBBIIi Jardine Strategic 2.99 3.02 2.97 3.02 m\SSSr A Dajry Farm 083 081 0.815 0.83 Hongkong Land 2.26 2.26 2.25 2.31 ■PfPTPPPI Mandarin Oriental 1.38 1.40 1.38 1.38 EuttUUtfßfl
      707 words
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      Page 26 Advertisements Column 4
      321 26 IN THE MATTER Of THE COMPANIES ACT CAP. SO AND IN THE MATTER Of ANGELA S STAINED GLASS STUDIO (S) PTE LTD (In Mtmbtrs' Voluntary liquidation) Ai an Extraordinary General Meeting of the Company held at 2/ Cantonment Road Singapore *****5 on 30 May 1996, the i following special resolutions
      321 words
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  • SHIPPING TIMES
    • Article
      Lock icon DAILY FREIGHT
      297 27 Knight Ridder, Reuter RATES for mid-June Panamax loaders in the US Gulf nudged close to U5525.00 without combination ports, brokers said. The Baltic Freight Index came in plus 1 point (the first positive movement for a month) with the main route 2 US Gulf/Japan valued higher. This "slowing
      Knight Ridder,; Reuter  -  297 words
    • Article
      MARITIME STOCKS
      286 27 SB "000 J—4 M *h w CWT Distribution 1.49 *0.01 2* Chuan Hup I lo wing*. 1.04 -0.01 ITS Cosco Invastmaot 1.71 *0.06 I FtLS *39 -0.05 900 FrataMLMS 0.80 -0.03 32 C8HoMlngs 120 -0.03 49 Hal Sun Hup 104 -OM 480 Hitachi 2osan 0.9* unch 9 IMCHoMngs
      286 words
    • Article
      Manila slashes wharfage rates for transhipments
      353 27  -  All state ports to charge only US$l per TED for ships unloading at least 500 TEDs From Alec Almazan in Manila THE Philippines has implemented sharp cuts in wharfage rates for transhipment containerised cargo in all state-owned ports in a bid to attract more
      353 words
    • Article
      Aussie slates of Victoria, NSW cut port charges
      312 27  -  From Selva Kumar in Sydney PORT users in the Australian states of New South Wales and Victoria will benefit from price cuts of as much as 60 per cent in what seems to be brewing into a price war involving four ports.
      312 words
    • Article
      APL, Nedlloyd start China feeder service
      188 27 {HONGKONG] American President Lines (APL) and Nedlloyd Lines have launched a feeder service between Fuzhou and Yantian ports in southern China. John Lauer, APL's director of sales for Hongkong-South China region, said the service, which aimed to improve the three trans-Pacific lines offered by
      188 words
    • Article
      To subsidise or not: a question bothering many govts right now
      524 27  -  mswumus By David Hughes THIS week's newbuilding list shows another sign of the stampede by German owners before their government implements its policy of cutting back on tax benefits for investors in shipping projects. This latest order, for 10
      524 words
    • Article
      Lock icon US won't make offer at maritime trade talks
      278 27 Refusal to open up American ports a heavy blow for WTO AFP [GENEVA] The US dealt a serious blow on Tuesday to talks on liberalising trade in maritime transport services by announcing it would not present an offer, saying those of other
      AFP  -  278 words
    • Article
      Lock icon Jiangnan Shipyard revamp
      117 27 AFP (SHANGHAI] China's oldest shipbuilder, Jiangnan Shipyard, has been restructured into a modern enterprise with an annual production of 500,000 tonnes, a newspaper reported on Tuesday. The Liberation Daily said the shipyard was given the fuller name Jiangnan Shipyard (Group) Co Ltd, in the restructuring exercise approved
      AFP  -  117 words
    • PORT Shots
      • Article
        Amra to increase rates from July 1
        97 27 [SINGAPORE] The 10 member-lines of the Asia Mediterranean Rate Agreement (Amra) have announced a restoration of rates by US$75 (Sslos) per 20-ft equivalent unit with effect from July 1. In a statement to its customers in the trade between Asia and the Mediterranean
        97 words
      • Article
        Lock icon MISC to tray 4 Panamax bulk carriers
        59 27 AFX-ASIA [KUALA LUMPUR] Malaysian International Shipping Corp Bhd (MISC) will buy four Panamax 73,000 deadweight tonne bulk carriers costing US$29 million (5540.6 million) each, managing director Ariffin Alias said. Bernama news agency quoted Mr Ariffin as saying the purchase reflected the company's confidence
        AFX-ASIA  -  59 words
      • Article
        Lock icon Halla wins US$46m shipbuilding order
        69 27 AFP [SEOUL] South Korea's Halla Engineering and Heavy Industries Ltd on Monday won a US$46 million (5564.4 million) contract to build an oil carrier for a Cyprus shipping concern, a company spokesman said. Halla and Reednnei Nord Klaua Okiendorff signed a shipbuilding contract in Seoul,
        AFP  -  69 words
    • Article, Illustration
      Lock icon Danger hidden in cargo holds
      875 28  -  HAZARDOUS BAGGAGE: PILOT'S MOTHER CALLS FOR INVESTIGATION Incidents involving hazardous air cargo have risen seven-fold in the last 10 years, prompting some American airline industry analysts and pilots to call for a ban on dangerous material being transported aboard passenger aircraft By I Siobhan Morrissey
      NYT  -  875 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      298 28 PAGE Eurohans 6 ACL 11 6 ANl 3 Everprime 5 Able 6 famous 7 Accord 12 Feedertrans 13 Ahrenkiel 4 FL-Brigtit Appenship 4 foon< 3 S«w 12 Astro 3 Fr#t 4 »2 Austral 11 FrtforW 7 Avant 6 Lin 5 BSA 7 Gemartrans
      298 words
    • Article
      SHIPPING GUIDE
      15115 34 EXPORT ETA ETA Advertiser V*ssei Voy«<j» Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number a To BRISBANE (BNE) 2058 Queensland, Australia To ABU DHABI/ST JOHNS (AUH) 2004 13/04 24/m Han/m nouvaAustralia 2*3 *****0224 United Arab Emirates m/m
      15,115 words
    • SHIPS IN PORT
      • Article
        CONVENTIONAL WHARVES
        551 41 Voy Mo Berth Arrival Departure sum. V* J01 JkXKjSKfc 05 06/0630 VM JIM *on«p«* 070MM !o9 07.06/2300 04.06/2100 *»8«»» 04.06/1500 *****6 J2I ikngndt 04.06/2300 "06 J02 Honqudt 05.06/1600 0V* JM Mnqsrtt 04.06/2359 J06 04.S/1900 pry *lomwm 04.06/0559 GTSe. 04.06/2359 IP W* 011 J« ttonqsid* 04.06/1900 CL% *5 *»gsid*
        551 words
      • Article
        CONTAINER SCHEDULES
        1672 41 RECEIVING OF EXPORT FCl CONTAINERS AND LCL CARGO Boo*inq/B«!inci Rstls sh 'P Voy No Etb/Btr Ported Fro» To From to J— *30 04/1700 U 04/1900 OVUM 04/1900 a 04/1T00 09/0459 0V0900 i ovotm ovm ovmoo 4 05/1200 05/1459 OVTTOO taU mmm i* ovrrao nwh ovowo 3 OVOTOO 05/m
        1,672 words
      • Article
        COCKETT BUNKER MARKET REPORT
        915 41 THIS report, compiled by Cockett Marine Oil Ltd, shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on average-sized stem. Market movements are indicated. The Cockett Bunker Price Index change and the individual
        915 words
      • Article
        GLOBAL HOLIDAY
        366 41 JUNE 6 Austria, Chile, Poland: Corpus Christi. South Korea: Memorial Day. JUNE 7 Malta: National Day. JUNE 10 Australia: Queen's Birthday, public holiday in all states except Western Australia. Argentina: Falklands Day. Colombo, Venezuela: Corpus Chris Thailand: Golden Jubilee of Thai King's Coronation. Uganda: Heroes' Day (falls on
        366 words
    • AIR & LAND TRANSPORT NEWS
      • Article, Illustration
        Nissan to make top level changes to management
        442 42  -  Nissan incurs smaller loss of 88.4b yen for last fiscal year ended March 31 By < Christopher Tan [SINGAPORE] Japan's Nissan Motor Co, the world's fourth largest car maker, will announce at a shareholders' meeting on June 27 major changes in top
        442 words
      • Article
        Lock icon Trans-Pacific air traffic to grow 7%
        256 42 Air travel within region expected to grow 6%: ICAO survey Reuter [MONTREAL] The International Civil Aviation Organisation (ICAO) expects trans-Pa-cific air traffic to grow 7 per cent annually, Assad Kotaite, president of the United Nations agency, said on Tuesday. "According to recent forecasts by
        Reuter  -  256 words
      • Article
        Lock icon Five Shanghai taxi firms to get priority for new licences
        277 42 Bloomberg Business News [SHANGHAI] Five Shanghai taxi companies will receive priority when the city government awards 1,500 new licences later this year, company officials said yesterday. The five companies are Shanghai Dazhong Taxi Co, Shanghai Qiangsheng Taxi Co, Shanghai Friendship
        Bloomberg Business News  -  277 words
      • Article
        Lock icon Chinese bicycles don't harm US makers: ruling
        157 42 Bloomberg Business News [WASHINGTON] The US International Trade Commission ruled that Chinese bicycle imports don't unfairly harm US manufacturers. The ITC ruling on Tuesday rejected petitions from Huffy Bicycle Co of Miamisburg, Ohio, Murray Ohio Manufacturing Co of Brentwood, Tennessee and Roadmaster Corp
        Bloomberg Business News  -  157 words
      • Article
        Lock icon JAL, Air France to jointly operate Japan-New Caledonia flights
        200 42 Bloomberg Business News (TOKYO] Japan Airlines Co, the largest Japanese airline, and Air France yesterday said they agreed to jointly operate Japan-New Caledonia flights starting in November. The move is part of the two companies' overall business agreement reached last year,
        Bloomberg Business News  -  200 words
      • Article
        Lock icon China accuses UK of self-interest in HK's new railway
        221 42 AFP [HONGKONG] China has lashed out at Britain for not consulting Beijing on construction of a US$lO billion (Ssl4 million) railway in the territory ahead of Hongkong's handover next year, it was reported yesterday. In a commentary, the Hongkong branch of
        AFP  -  221 words
      • Article
        Lock icon Clinton slammed for air tax proposal
        163 42 Reuter [WASHINGTON] The trade association of major US airlines said on Tuesday it strongly opposed President Clinton's proposal to assess a US$lO (Ssl4) tax on air travellers to pay for his education programmes. The Air Transport Association called it an "outrage". ATA president Carol
        Reuter  -  163 words
      • Article
        Lock icon US, Japan to start talks on air passenger traffic
        263 42 Bloomberg Business News [TOKYO] The US and Japan will start talks this month on expanding access to the US$5 billion (Ss7 million) air passenger service market between the two nations, officials from both nations said. Negotiators agreed to the talks after
        Bloomberg Business News  -  263 words
      • LOG Book
        • Article
          Lock icon 3 freight firms to form joint venture
          116 42 Bloomberg Business News [THE HAGUE, Netherlands] CSX Corp, Netherland Railways Ltd and Deutsche Bahn AG said they will form a joint venture to provide intermodal freight transport in Europe. NDX Intermodal will begin operating in early 1997. It will provide freight transport by
          Bloomberg Business News  -  116 words
        • Article
          Lock icon 20 hurt in airport building collapse
          86 42 Reuter [DHAKA, Pakistan] At least 20 people were injured after a terminal under construction at Dhaka's Zia International Airport collapsed on Tuesday, rescuers said. They said 10 construction workers were sent to hospital in critical condition. No one was found trapped in the rubble
          Reuter  -  86 words
        • Article
          Lock icon US orders recall of 91,000 Chrysler cars
          84 42 Reuter [WASHINGTON] Federal safety officials on Tuesday ordered the recall of more than 91,000 model year 1996 Chrysler Cirrus and Dodge Stratus cars made by Chrysler Corp because of weak seat belt anchors. The National Highway Traffic Safety Administration said that since Chrysler
          Reuter  -  84 words
        • Article
          Lock icon Woman who struck plane crew charged
          69 42 Reuter [BOSTON] A Danish woman who allegedly struck three American Airlines crew members during a trans-Atlantic flight was ordered by a federal judge on Tuesday to undergo a psychiatric exam. The pilot of American Airlies Flight 111, en route from Frankfurt, Germany to Miami
          Reuter  -  69 words
      • Article
        Lock icon Fokker's life prolonged by 15 more orders
        171 42 AFP [AMSTERDAM] Administrators for the bankrupt Dutch aircraft manufacturer Fokker on Tuesday prolonged the company's life expectancy by almost a year by agreeing to let it build 15 more planes in addition to its existing backlog of orders. With the sale of these
        AFP  -  171 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1624 42 city man eta ruga no n—i vw74i mo vw740 mo Abu DMM S0441 Btt L Xat Y«1 TG407 2105 TW08 0820 MKM S0230 1830 MWW 2145 Mm6 1005 OfM 1930 Ho CM MM) YK741 1310 S0172 0930 AmsttriMi KL843 0455 K1838 2300 S0T71 1415 VN740 1410
        1,624 words
  • Page 27 Advertisements
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      Page 27 Advertisements Column 1
      22 27 Danger hidden in air cargo holds The problem of hazardous baggage. Page 2 TNaiay'a prices are Mag carried tee to eartjr prfariig
      22 words
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      Page 27 Advertisements Column 2
      55 27 Nissan to make top level changes to management Nissan incurs smaller loss of 88.4b yen. Back Page K n [jV?3| A|. \H 16 H s \f A M H^ir CmfCT CALLING TO QINGTAO, XINGANG SHANGHAI ENQUIRIES: *****30/224 ®HANJIN SHIPPING (SINGAPORE) PTE LTD. 79, Anson Road, #23-01 Singapore *****6 Fax: 222
      55 words
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      Page 28 Advertisements Column 1
      1469 28 I I OTHER DESTINATIONS I I NORTH AMERICA I TOWWCOMT I WEST COAST Of CgWTTUL AMERICA [MARGARITA SERVICE SINGAPORE CALIFORNIA EXPRESS (DIRECT FROM WEST COAST? I VOT ETA SM fit M U 0M Vd Si* DM. HOU OK NT MXKOOTY |Wf[ Ml lAIIOA OWMVOTmIfT UiMUIUN tOMTOIK/UMUIUUM CMZIACAMCoI "«Si WOT Mum
      1,469 words
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      Page 28 Advertisements Column 2
      329 28 Lines services represented 1 MemN r <* Registry of /HRSt Members o» the \IXgJjJ Accredited Shipping Agents, Singapore Freight Forwarders National Shipping Assoc Association I SINGAPORE UNITED I I KINGDOM SINGAPORE I I Partner Required I We are a medium sized freight forwarder I based 30 miles north of London
      329 words
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  • Page 29 Advertisements
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      Page 29 Advertisements Column 1
      1174 29 1 PftdFK SOUTH WIST EXPRESS (DIRECT) vosa vot na Iswra Iswiro lux not 1 m |iw Imi hou I wot 1 sm~| »HKMA 0071 10/06 11/0* 12/0* 21/06 02/07 03/07 M/ 07 04/07 04/87 05/07 OS/07 OS/87 OfIHWtS OOSt 17/0* 14/06 19/06 05/07 00/07 10/07 10/07 11/07 11/07 10/07 11/07
      1,174 words
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      Page 29 Advertisements Column 2
      1858 29 HANJIN SHIPPING i I USA CANADA* UNEHAU/VOY UM MN SIA rpx I TIW TOP {Hi DT T 1 DEN fHL IWI MEM OPS NT( Ott YVt YYI TU FfR. PrtG nYMKOuvawa 04/» 04/ M lv/% a/M a/M a/M a/M m/m i/o; 3/07 "oiToT w/oT" "oyoT 03/07 "oyer" oi/oy ~m7oT 44/07
      1,858 words
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      Page 29 Advertisements Column 3
      373 29 EXPORT 3 x Japan -2 x Hongkong -1 x Manila -1 x Kaoshiung, KWung (Accepting FQ to BKK/NAHA/SENDAI/CEMJ/LCH) mm VPV m W TWMikiNd6MA>il MM—OAZ—HW 9Mt JZ4L ILSfc 14& UA HA HA MA AaAHKOf 0140 KM- 07M' 10-04 14* 14.04 14.04 20i04 2104 JSkma—mi—ha—sis* UA- MA. UA 17-04 21* tim KM
      373 words
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  • Page 30 Advertisements
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      Page 30 Advertisements Column 1
      1432 30 I m A W a v JiPMIsUB^LtW c^^^MKnrvvnTKVTnTrp^SKVSffifTfvyif^fnTvnvnHHH i k B ill Inn i#d h ;j"j [#j SB 3S(tlrißll t flHtl 111 13 ■■■■i^HMHHHMIIBHHIHIIMMMII^HUHBIIABkk^^^HHU^^BB^^^IHBi I J. «Sa WT HAM l-OM ANT Dtt STON P KELANG SIN MS UO TYO SHI KOK NAG S hahmcomss m i!7s VI ia7T"n7i —\i7T~- «jW»
      1,432 words
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      Page 30 Advertisements Column 2
      1072 30 I norasTa I USff* SI H 85 85 SJ! 1117I 117 •ton HONGKONG *25 3 77m I It 3; >'B7 1W W IMP 3SJ23SST £5 JS S£ 22? ssx ss as as as as as a SSff" El KOP VCE ANC IZM QMK 52 22 2" 11,7 n O*" DM"
      1,072 words
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      Page 30 Advertisements Column 3
      664 30 /VOffTRANS l»pl»U^S«^T»l«^fc4UMiChbw| Muhi-Purpose RO/LO Carrier Accepting: RO/RO, Ramp Capadty opto 40 tons Hoavy Lift opto 68.5 tons (mmtmd/ freak Uk /Coatmer/Heehrs Caatmm Thai Flag Status **tyw V.24A MPOtT 10-13/04 o+-10/06 16-11/06 AriaEjyw V.2SA 16-H/06 21-23/0* 23-24/06 27-21/06 Aria Expms V.26A 27-29/06 02-04/07 04-05/07 00-10/07 Aria Express V.27A 01-10/07 13-15/07 15-16/07
      664 words
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      Page 31 Advertisements Column 1
      1141 31 STRAITS SHIPPING PTE LTD 10 Hoe Chiang Road #11-01 K«pp«l Towers Singapore 0208 Tel: *****88 Fax: *****17 ttMH j MUHII CONVEHTIONAL StRVICt I SARAWAK CONTAINER SERVICE Wgt VOT MUA B VESSCI VOY fs3JGAfO«n KUOMG Z STmiSSTM VHI» 01/0* 13/0* 14/0* amUAJW-M VHQ+tA 14/04 lt/o* sm/rs how mm 11/04 i//ot n/ot
      1,141 words
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      Page 31 Advertisements Column 2
      1611 31 ALSO ACCEPTING TO OOESSAr VARNA AND CONSMNTZA VIA UMASSOL ALSO ACCENTING TO TRIPOLI, BENGHAZI VIA GENOA k ALGffltS VIA RARSfILUL I rS<TAf7wP9Mr prrirn Winn.i £W— I MkJMW COV* my L 'J. 41 4 5 OWT«MOWS mi sm mm. («*>!« W. «»u« CiiiMi 4J0571S fi» I r <?»S/JC I «a— UN?
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      1087 32 EUROPE AiK/SCANDINAVtA/FINLANO/nUSSIA S6P ROM ANW HBG THP LHV LHV THP ROM ANW H6G PKL SGP I I ESPJS2P ML I™ Yl W E. GLEEFUL RE-043 12* IS/5 14/5 16* 17/5 1M 12/6 52LKS J32 Wn J" E. GIFTED RE-064 20/5 23/5 21/5 24/5 2V5 17/« 19/5 t nmmnwMM nn V3i
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      Page 32 Advertisements Column 2
      955 32 A H9B lixppfT VESStt VOTAW SCf QUI AM DM lAH KWT Itl I VtSStl VOTAGC (MM AtU DMN IAM SGP I 12f252? *****2! ?v3L 2"2? ®W I umoww mo?«* a/os vm 7t/os nm id/0* I UM COHC9T MO*OHW IVOt 73A* ?4/04 7VM 74/0* MUt M/M |UW CHAIT 040 3 030(
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      Page 32 Advertisements Column 3
      743 32 {2 RICHFIELD MARINE AGENCIES (S) PTE LTD IW TEL: *****33 (12 UNES) EL FAX: *****15/*****03 [t±J TELEX: RS ***** RISHIP (3 Lines) 1 CR NO: **********0E &S ETHIOPIAN SHIPPING UNES X (National Laies of Ethiopia) ACCEPTING FCL AND CONVENTIONAL Voy ETA Loading for Spore Abto«yWon, 48WB 07/06 Andinet 44W8 16/07
      743 words
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      652 33 MM MYANMA PHk FIVE STAR UN| (Myaanor NatioNal Um) Loading for Yoogoo (Rangoon) ivissa VOY SIN PK6 KM PGU 'HP A-AM 224W MPT ;AVA 11*W 17/04 ■MALAYSIA AGENTS: OOUSTEAD SHIPPING AGfMOtS .MIL TH 05-03-*****00 PKL HI 02-03-*****01 .rot TH 02-04-*****02 PGD: Til 12-07-*****21/4 bank line r (A Mfvka A**«w W*ir
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      Page 33 Advertisements Column 2
      1162 33 HYUNDAI MERCHANT MARINE CO. UP. WESTBOUND TO EUROPE BKG: *****61 I PNA I PR! POO I YtSStl/YOT VOY SIN W ANT UM HAM Nit FB 05/04 07/04 00/04 SI MAtINH J27W 10/04 20/ M 30/04 02/07 10/ M 30/04 02/07 12/04 14/04 15/04 N. MMMMOR 321W 17/04 05/07 07/07 M/
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      Page 33 Advertisements Column 3
      413 33 KEELUNG (TAIWAN CHINAy^ j HONGKONG kaohsiungl r >FOR ENQUERIES BOOKING CALL OUR HOTLINE AT yjP 224 1833 UZANNAH ALVIN I GLOBEUNK FORWARDERS PTE LTD flWil TEL: *****33 (16 UNES) FAX: *****36K*****2 TLX: AS ***** ACT PKL (03) *****57 JB: (07) *****87 (9 UNES) BANtHJNQ: *****7 PCM; (04) *****8/*****0 JtCfi *****00
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      45 35 To retrieve more schedules, just follow these simple steps... document ial 740-6000^^^p^^ tep be faxed M !iTVselect the port your Step key in the four number AJJ digit code_ Key in your Example: > fax number To HAMBURG (HAM) 2150 for calls within Singapore Gef IHflfiy
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      199 36 MANILA Vtssa voTAci mm n*rou ai vb« haw itapw m^pj vmpfouwu osi w/otmn n/wnuo mwooam tooi u/otnw) u/otmc n/ntim^ «m*—* MS3 n/otmc ii/o*nw u/ttswn v*u mmomm m« »/o*sat) 25/otffg vmomwm si« |is/o*eat)| [u/tdue wwmwuwo toos ts/ot aw) m/oktmo m/u ffjTj pout kilanq wmaum rasa Ivotoci im» nmo "vissa 1 vougi
      199 words
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      501 37 Tropical 10. fo. ZZ&-° n 4 MAREN METTE MAERSK 9606 MAERSK 9606 Port Couniry 04/06 11/06 Wl Crfy Belize 09/07 15/07 SudgMown Barfeodos 12/07 18/07 Corlogina Colombia H/07 17/07 Cos»r«j Si. Lucia H/07 17/07 Joclde France Martinique 12/07 18/07 3P»port Bahamas 07/07 13/07 Kngjion Jamaica 09/07 15/07 P*«nt» a Pitre
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      Page 37 Advertisements Column 2
      1225 37 ADVANCE CONTAINER LINES (PTE) LTD ■g\ I 140 OcH Street #12-00, PIL BulkNng. Singapore *****0 v TEL: *****21, FAX: *****19, TELEX RS ***** ACLPL CR NO. **********06 BAMOKOK I! JAKARTA <8 tfiiiZl 1 LCH > «.IHsft/iee» Vissa VOY «N IKK SM VKSa VOY SIN MT SM lAIAZAB 912 06/06 Sot
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      Page 37 Advertisements Column 3
      884 37 VESSELS VOY S* OAMgTTA L£ HAVRE HAMBURG THAMESPORT ROTTERDAM ANTWERP J/jLLE D AQUILA AISW 11/06 22/06 02/07 03/07 06/07 06/07 OMJ7 V-LEOECAMNA CISW 18/06 01/07 08/07 10/07 12/07 13Y07 IMX7 VM-LE Q€ SAGfTTA SISW 2S/06 06/07 16/07 17/07 18/07 20/07 22/07 VW-LE 06 NORMA NISW 13/07 23/07 24/07 26AJ7 28/07
      884 words
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      1447 38 —HHIZHBBmmmM [VESSEL VOY SIN JKT IVTttff VOY SIN PIN I^W H5Sv «4N BKIC OURU BHUM 2SSB ~s>t 06/00 Tm I 11/06 B.MAS QUA 6068 Thu In Pt ~S«t Q6/Q6 AtmAmutm 1..-- BMATRA BHUM 87S Mon 10/06 St IVO6 JABU BHUM «703_ _Sun_ _Tu._ _n/o«_ Y TW BHUM 13BN Thu InPt
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      Page 38 Advertisements Column 2
      885 38 11 DUXTON HILL, SINGAPORE *****5 CR **********0N STRAITS SHUTTLE SERVICE V j PORT KLANG PENANG C vot SM m VRSE I VOT SI ra hop o;/at«i wamsum turn wti 04/t»Tut ot/otwu T 4*l DiDt rnu G? -Qt Hi Htt» HOM 07/DtHB Of/Ot SUW "/*»"< ivmwi urn tor ot am sum
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      648 39 SINO IXPRISS SHIPPING (PTI) LTD. >-1 MM I 11 COLLYER QUAY #06-01 THE ARCADE SINGAPORE *****7. TEL: *****00 (4 LINES) FAX: *****08 TLX: R*****1 SINOEX J f SINOTKANS MUltgUI (CONTAINER SERVICE) Also accepting container cargo to: I KSSR/VOY ETA SIN ETAHKG ETA SHA W/T HKG: Beijiao, Chiwan, JHHfU 9603/9604 "06/06
      648 words
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      Page 39 Advertisements Column 2
      680 39 IfeAfl MN CONTAINER LINES, INC A®««it*: MAC-NELS SPORE: *****22 (24 LINES) kuchEN^^^ J SBU: (084) *****» MAMLA: «S2) 812BH1 PENANQ:(O4)«4S3i BANGKOK.- (MS) *****07 SURABAYA: (31) *****0 P- KELANQ: (03) *****77 JtCE (21) *****67 MON: (61) *****3 BAMDUNQ: (22) 46KW896 20TH ANNIVERSARY OFFER:-(Lowest-Lowest Rates) PEN/PK SIN HONG KONG 8/6 9/6 mv
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      Page 39 Advertisements Column 3
      341 39 ATTRACTIVE FCL/LCL RATES TO: Indian Sub-Continent Ports MADRAS/BOMBAY/ CALCUTTA COLOMBO CHITTAGONG NHAVA SHEVA Bps WENDER )NTAINER LINES QUIRIES BOOKINGS PLS CALL TEL: 224 6744 O.K. LINE FULL CONTAINER SERVICE S'PORE/JAKARTA VESSa VOY SIN JKT TW 0&« 11/06 TAMBANGVN 7303/7304 12/00 1406 S'PORE/SURABAYA/SEMARANG VESSa VOY SW SBY SRG TBM-1 1106 1606
      341 words
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      394 40 Shippingtimes BusinessCentre ADVERTISING THAT DELIVERS YOUR BUSINESS FACTS THROUGH THE FAX JUST CALL 740-6000 (spogfiso© look-OUT You wfM be Working with members who:' SFFA MTO Qualify the strict SFFA membership criteria Conform to the bylaws of the Registry r* QUAUTY Possess adequate insurance to issue the FIATA-Bilf of Lading .v
      394 words
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      Page 40 Advertisements Column 2
      366 40 J TEAMWORK is when everyone goal. A quality which has been The Total Transportation People The Total embraced by all at Visa Freight Transportation p these past ten years. Put your People needs in our hands and join the winners' circle. 1 If— s tSTAmMHeO SotCf IM4 VISA FREIGHT SERVICES
      366 words
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      127 41 LEGEND: i R Thunderstorm Temperoture c A V Shower Weather Wind direction with speed in knots ee Rain Cloudy Sky Wov hw ht Surface winds ore indicated by arrows which Hy with the wind One Mi circle represents calm or light and vonatole winds I One hoH fleche represents 5
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      57 42 M.V. "GLORIA ACE" VOY. 74 ARKD 29TH MAY 19K Consignees of all damaged cargoes ex the captioned vessel is hereby notified that a general survey will be held on the 7th June 1996 *****200 hours at PT3. No further survey will be entertained thereafter. As Agents: "K" Line Kinkai AB
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