The Business Times, 13 June 1996

Microfilm: NL20609
Total Pages: 42
1 42 The Business Times
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  • Title Section
    Masthead
    14 1 THE BUSINESS TIMES MITA (P) 04tV 12/95 85c SINGAPORE Internet: http://www.asial.com.sg/biztimes THURSDAY, JUNE 13,1996
    14 words
  • Article
    MARKET SUMMARY
    65 1 sra 2289J4 (-20.05) BTOOMP 218U3 (-12.38) n bt-mga mm 1138L51 (-8.50) MARKET MOOD: Efl Mixed STOCK MAIKETIKDICES Wednesday Change KJ.SKCOMP M»48- +1J« NIKKEI 22.1MJI ♦287.18 HANG SENG 10.95&67 -34*8 SET INDEX IJZ4S.77 I6J8 JAKARTA OOMP 6*10 -1143 MANILA COMP doted -63 TAIPEI WPI U#li2 +176.03 SEOUL OOMP *****
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  • Article
    FINANCE
    75 1 EXCHANGE BATES uss s$ USS l.4ie i IJU1 KM DM 0.661 0J17 YEN IN MIS IJ87 W-. 040! 0.566 HKS 0.129 0.182 BAHT 0.089 0066 1UP1AH 100 0.043 0.060 FUME BATES SINGAPORE* .144 Kl 'ALA LUMPUR. 8.15 JAKARTA 18.00 BANGKOK 13.75 MANILA...... 14.50 HONGKONG 8.75 TAIPEI .8.08 SYDNEY 10.75
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  • Article
    Soft rental market seen for condominiums
    747 1  -  Bnt apartment rentals in prime districts expected to hold np By Michelle Low [SINGAPORE] Apartment rentals in the prime districts are holding up and will probably stay flat for the rest of the year, but rentals elsewhere are likely to fall, say property watchers.
    747 words
  • Article
    Creative to pump $186m into R&D over five years
    358 1  -  Amount sets record for a private company under RISC scheme By. Jennifer Lien [SINGAPORE] Mainboardlisted Creative Technology will invest up to $186 million in the research and development of multimedia and communications technologies over a five-year period. The sum, which will
    358 words
  • Article
    Lock icon Dollar slips from its high
    115 1 Reuter [NEW YORK] After hitting a 29-month high of 109.72 yen here on Tuesday, the US dollar turned mixed at midday yesterday as traders searched in vain for market-moving news, dealers said. Talk of sell orders stacked up at 109.70 yen kept a lid on
    Reuter  -  115 words
  • Article, Illustration
    SingTel profit rises 12% to $1.48b
    632 1  -  International telephone led strong overall performance By\ Genevieve Cua [SINGAPORE] Singapore Telecom achieved a 12.2 per cent rise in full-year net earnings to $1.48 billion, buoyed by strong performance in all its core businesses, particularly international telephone. The results, to March 31, are a
    632 words
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      Page 1 Advertisements Column 1
      147 1 Diana hdia's richest kmammmmm Srichand Hinduja plans to set up a bank, and he is inviting Chinese Singaporean businessmen to join him, Pf 2 Carg» foes to op The Transpacific Westbound Rate Agreement is raising terminal handling charges, Shipping Times, Pg 1 MHirgTAME Mt ratal market mm far rmitn, this
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      11 1 Developers dangle fresh carrots, Pg4 Tokyo moves boost financial markets, Pg7
      11 words
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      Page 1 Advertisements Column 3
      25 1 Hyundai Electronics can be found in the equipment that measures the way storms travel. Helping us make the weather just that little more predictable. M
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      Page 1 Advertisements Column 4
      17 1 Losses from overseas ventures deepen to $87.8 m, Pgls; Hongkong to review role of HK Telecom, Pg6
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  • SINGAPORE AT HOME & ABROAD
    • Article
      Lock icon Asem helped changed EU perception, says SM Lee
      368 2 Relations are at a turning point, thanks to changing attitudes in Europe and Asia AFP [PARIS] The recent AsiaEurope Meeting (Asem) in Bangkok helped to change Europe's perception of the Asian continent, Singapore's Senior Minister Lee Kuan Yew said here yesterday after
      AFP  -  368 words
    • Article, Illustration
      Lock icon Tycoon to set up bank that taps Asian wealth
      322 2  -  Singaporean businessmen invited to join venture, which takes off this year By Harish Mehta INDIA'S richest businessman Srichand P Hinduja plans to set up a bank this year to harness the wealth of the Asian diaspora. He has invited Chinese Singaporean
      ERIC CHU  -  322 words
    • Article, Illustration
      Lock icon Construction sector set to slow
      298 2  -  BYE ON THE ECONOMY Construction Michelle Low THE market for the construction sector is starting to look soft the value of contracts awarded in April was 40 per cent lower than in the same month last year. Data for April follows a first quarter in
      Source: Construction Industry Development Board  -  298 words
    • Article
      Holiday Tours & Travel buys into Tour East
      264 2  - Holiday Tours Travel buys into Tour East By, Ang Wan May QUANTAS BACKED Holiday Tours Travel is expanding its inbound business by buying into Tour East, a large Asian inbound travel company. Holiday Tours and Tour East each handle some 200.000 tourists a year and will operate as separate companies.
      264 words
    • Article, Illustration
      Lock icon GIC buys 4.4% stake in National Foods: reports
      448 3  -  Group pays Asl7.7m to HK group Mingly for stake in Aussie food company Froml Surinder Singh in Sydney THE Government of Singapore Investment Corp (GIC) has paid A 517.74 million (5519.8 million) for a 4.4-per cent stake in Australian food company National
      Source: Bloomberg; ALLAN  -  448 words
    • Article
      Karimun complex: Plans for housing and 2nd ferry link
      327 3  -  By. Agnes Wee THE Karimun Marine Industries Complex (KMIC) intends to widen its infrastructure base with plans for executive housing in its town centre, an executive clubhouse and a second ferry link with Tuas in Singapore. Some 10,000 sq m of
      327 words
    • NEWS Roundup
      • Article
        Ban on M'sian shelfish lifted
        81 3 SINGAPORE has lifted the temporary ban on the import of cockles, clams and mussels from Malaysia, the Ministry of Environment said yesterday. It said it was satisfied that shellfish from Malaysia, which has experienced a cholera outbreak, no longer posed a threat So far, there
        81 words
      • Article
        Caterpillar opens new training centre
        71 3 CATERPILLAR opened a new Singapore Training Centre on Tuesday. The centre will train 0ver2,300 Caterpillar staff and customers from Asia. It has a built-in area of 840 square metres and two workbaya with a combined area of 445 sq m. In 1994, Caterpillar Asia relocated
        71 words
    • Article
      ICS' premium from general, life businesses grow 6-8%
      267 3  -  By I Soh Tiang Keng The Insurance Corporation of Singapore posted premium growths of 6 and 8 per cent respectively in its domestic general and life insurance business last year. But income for the accident and health business and the international general
      267 words
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      45 2 I|!f you must leave a mark, let it be a. testoni a. testoni® BOLOGNA ITALIA ingenuity shaped by tradition A.Ttsrom BotrriQUß 6 Hutom Horn Sitomm Gallmy Ta: 734 4855 #01-10 Manmun Horn Shopping A*cad« Til: 734 1558 #OMI Hamo Hotil Shopping Aicaoe fit: 334 0103
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      Page 2 Advertisements Column 2
      238 2 'fN /-s /«?s /*s. if you're off to KL again for a mid-week business don t you mate your meeting, why not do it in style? Tate the Tuesday night next KL business trip M f** -f" C cruise to KL on board one to remember, with a 'j iVI
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      Page 3 Advertisements Column 1
      74 3 n flouncing "Business Li Proposition"from the Qir-starSiam City Hotel. This special offer includes Deluxe Room, breakfast, all axes and senice charges plus lots more Or, for an additioml lISS 4000, t upgrade to our luxurious two-room Executive Suites To make your reservation, call 'he hotel directly or your tratvl agent
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      Page 3 Advertisements Column 2
      339 3 X M wffmrWm if w-*. M- LT S+ J l a -r- -IP m dUfittftriiitt" -T^i fife* ..J Mill wg* y% v/? home.What's more, if you need to access DOS, you can do so S$ 616 97 0f as/ rrs rfr. through Windows*. (inclusive of gst Take full advantage of
      339 words
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  • FOCUS: PROPERTY
    • Article, Illustration
      Developers dangle new carrots
      606 4  -  Residential property market in a stand-off as developers offer cash rebates and absorption of stamp duty payments By Michelle Low [SINGAPORE] Buyers at sime Singapore's The Amston are being offered cash rebates of between $20,000 and $30,000 or about 3 per cent oft the purchase price,
      606 words
    • Article
      House Hunt
      1086 4 Property transactions for districts 11 and 21 (sectors 28 to 30 and 58 to 59) lodged between May 20,1996 and June 8, 1996. Project Name/ Prop Contract Tenure Built-in/ Price Psf Street Name Type Date Land Area* (sqft) (SSOOO) (S$) District II (sectors 28 to 30) Non-landed Adam
      1,086 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      308 4 YOUB- ~*TRATE6T ■ppKESS Bh|U|Ubß Don't miss this opportunity to lease an office, food outlet/restaurant at Merchant Square. It has all the ingredients to turn your business into a lucrative venture. The Right Address Strategically located in the heart of a /V -lul/' fast-emerging commercial and social hub around River Valley
      308 words
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      Page 4 Advertisements Column 2
      161 4 Prime Industrial Leasehold Sites In The Central Region For Sale by Tender (2 lots) 2 lots to be sold in one line or if not sold then in separate lots 7/ ~~i Lenqkok ~~1 n\\ flfj i Eyfe II Lot A: 3 JALAN KILANG TIMOR Site area 120,372.7 sq ft.
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      63 4 PRIME ORCHARD STRATA SHOP UNITS OWNER'S SALE Excel tent location Near MRT Total Floor Area 3,003 Separate strata title for each sq ft approx. Suitable for owner Facing main concourse/ occupation/investment escalators With water supply Each unit approx. 333 sq ft AUCTION SALE 27/6/1996" Antara Hotel, Ballroom 2, level 3,
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  • SOUTH-EAST ASIA
    • Article, Illustration
      Lock icon Opposition leader fights back
      577 5  -  JAKARTA Megawati's rivals in PDI to hold congress next week to elect new leader From, S N Vasuki MEGAWATI Sukarnoputri, the embattled leader of the Indonesian Democratic Party (PDI). delivered a simple message when she met the foreign press in Jakarta yesterday. Ibu Mega, as she
      REUTER  -  577 words
    • Article
      Lock icon Judge calls for fresh inquiry into Supreme Court
      324 5 JAKARTA Whistleblower slams internal probe which found no proof of graft AFP A JUDGE who blew the whistle on alleged corruption in Indonesia's supreme court has slammed an internal inquiry which this week found no evidence of corruption, reports said yesterday. "How
      AFP  -  324 words
    • Article
      Lock icon Politics stalling recovery: Ramos
      234 5 MANILA AFP POLITICS is slowing down the recovery of the Philippine economy, President Fidel Ramos said here yesterday as he warned that the country was still on "difficult ground". Speaking at the annual in-dependence-day celebrations, Mr Ramos said the country's economy continued to grow and that
      AFP  -  234 words
    • NOTE Book
      • Article
        Lock icon Brunei wants to buy 48 US missiles
        55 5 Reuter [WASHINGTON] The Defence Department has notified Congress that Brunei wants to buy 48 Harpoon anti-ship cruise missiles built by McDonnell Douglas for US$57 million (SsBo million). The sale was consistent with US policy of helping friendly nations. Other countries must buy arms
        Reuter  -  55 words
      • Article
        Lock icon Car policy won't offend Japan: minister
        57 5 Reuter [JAKARTA] Indonesian Foreign Minister Ali Alatas said yesterday that economic relations between Indonesia and Japan would not be hurt by Jakarta's "national car" policy. Japan, the EC and the US have all criticised the policy, which gives special concessions to a car maker
        Reuter  -  57 words
      • Article
        Lock icon Thai Inflation rate revised upwards
        41 5 Bloomberg Business News [BANGKOK] Thailand's inflation rate this year will be 5.5 per cent to 5.7 per cent, above the government's original target of 4.9 per cent, Finance Minister Bodi Chunnanon said yesterday. Bloomberg Business News
        Bloomberg Business News  -  41 words
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      138 5 I^M^HadAhMau^^H ■K Ilk WHli >:% 9Pfl| J p r j j£l MPH I BP F j^JJ B '^p BBBSBywwflf Jhl v| jjp^' SHM. IfijSH^^^H B %l J J| ~-^fe"- r jlf With the UPS Value Box, we offer you both value and convenience. A fixed rate for express deliveries of
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  • CHINA-HONGKONG-TAIWAN
    • Article
      Lock icon China to meet Taiwanese city council officials
      235 6 TAIPEI AFP CHINA has agreed to meetings with a group of Taiwanese council speakers and vicespeakers that is planning visits in Beijing and Nanjing next week, an organiser said yesterday. Kuo Yen-sheng, speaker of the Taichung City Council in central Taiwan, said 16
      AFP  -  235 words
    • Article
      Govt to hold talks with HKTI on telecoms monopoly
      593 6  -  HONGKONG Analysts say HE faces pressure to hasten liberalisation of industry after S'pore's recent move From Quak Hiang Whai THE Hongkong government is to hold talks with Hongkong Telecom International (HKTI) to review its hold on the territory's international telecommunications sector.
      593 words
    • Article, Illustration
      Lock icon Positive mood for copyright talks
      288 6 BEIJING Reuter, AFP CHINA'S top negotiator in talks to avert a trade war with the US said the atmosphere for discussions was "relatively positive" but bargaining on film deals was impossible, state media said yesterday. "We're resolute in fighting (intellectual property rights) violations but we
      Reuter,; AFP  -  288 words
    • Article
      Lock icon Allies exploiting our China policy: US
      368 6 WASHINGTON Europe, Japan happy to hold onr coats while they gobble our contracts, says Lord NYT THE State Department's top official for Asian affairs said on Tuesday that the administration's efforts to force China to respect trade accords and halt the spread of weapons
      NYT  -  368 words
    • Article
      Lock icon Private firms see getting loans as biggest hurdle
      345 6 BEIJING Reuter THE biggest obstacle facing China's private businesses is the difficulty in securing loans and their owners believe the business environment is deteriorating, said a survey made available yesterday. The survey by Horizon Research of 300 private businesses in 14 major
      Reuter  -  345 words
    • SINO Brief
      • Article
        Lock icon 10,000 copies of pirated Windows seized
        80 6 AFP {TAIPEI] Taiwan's airport customs yesterday intercepted the export of 10,000 pieces of copied Windows 95 CD-ROMs. The seizure of the read-only memory compact discs was hailed as the biggest single crackdown on the violation of intellectual property rights in 17 years. The counterfeits,
        AFP  -  80 words
      • Article
        Lock icon Steady recovery in HK after 1995
        69 6 AFP [HONGKONG] Hongkong's economy is set for faster growth after a soft landing in 1995, a local economist of the Pacific Economic Cooperation Council (PECC) said yesterday. The council's Pacific Economic Outlook, a study of 20 Pacific Rim economies, also forecast a gradual regional
        AFP  -  69 words
      • Article
        Lock icon Book on Japan's wartime chemical use
        93 6 AFP [TOKYO] The Japanese Imperial Army used chemical weapons in China on more than 2,000 occasions during the Sino-Japanese War, killing 10,000 people and injuring 84.000 others, according to a book to be published next week in Japan. Tokyo-based publisher Otsuki Shoten Co is
        AFP  -  93 words
  • Page 6 Advertisements
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      434 6 ASIA'S PREMIER SHOW ON ROTATING EQUIPMENT, FLUIDS AIR HANDLING SYSTEMS, POWER GENERATION, r POLLUTION CORROSION CONTROL AND HVAC 96 ASIA'S LARGEST EXHIBITION CONFERENCE ON PUMPS THEIR RELATED SYSTEMS COMpmssom SYSTEMS ASIA' 96 ASIA'S LARGEST EXHIBITION ON COMPRESSORS THEIR RELATED SYSTEMS TValves •piping asJa'96 THE INTERNATIONAL EXHIBITION ON VALVES PIPING TURBO
      434 words
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      120 6 Editorial: A trade war no one wants, Pg 10 I Incorporation of offshore companies I I with Chinese name I Memorandum and Articles of I I Association are issued in Chinese \m I Certificate Of Incorporation is issued For further information I with company name in Chinese and immediate service
      120 words
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  • ASIA
    • Article, Illustration
      Lock icon Tokyo govt moves boost currency, stock markets
      444 7  -  TOKYO BOJ and finance ministry decisions suggest both short and long-term rates are likely to stay low By< Anthony Rowley TWO developments yesterday, which suggested that interest rates would remain low here, have underpinned the currency and stock markets. One was the Bank
      Source: Bloomberg  -  444 words
    • Article
      Lock icon Pakistani economy up 6% in FY95
      206 7 ISLAMABAD Bernama PAKISTAN will register an economic growth rate of 6.1 per cent during the fiscal 1995-96 year that ends this month, compared with the 4.4 per cent growth in the previous year, a pre-budget government document said on Tuesday. The growth was led
      Bernama  -  206 words
    • Article
      Lock icon Federal govt faces sales tax showdown with states
      283 7 CANBERRA Reuter AUSTRALIA'S state and territory governments united yesterday against national government plans to end their sales tax breaks, threatening to hit Canberra with millions of dollars of new charges in retaliation. Treasurer Peter Costello, who has accused governments of abusing the
      Reuter  -  283 words
    • Article, Illustration
      Lock icon New Indian government wins vote of confidence
      471 7 NEWDELHI Gowda's next hurdle: a budget that balances interests of his coalition partners Reuter INDIAN Prime Minister H D Deve Gowda's centre-left government won a vote of confidence in parliament yesterday. The government won by voice vote after nearly 12 hours of debate
      Reuter; AFP  -  471 words
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      469 7 Fly ANA Now To Osaka's BloottfingSkyhub "'"Pf ""IT TTOYOffIANEDA) rCC r in sa^ca I; "7 Okinawa .jflm, WHK PHEI Hh A CADDnDn 50% Discount SAPPORO T H 50% Discount mm ~*lll ANA-OSAKA "CHERRY BLOSSOM" ANA's Super Business and Super Y Class PROMOTION*: 7 APRIL 24 JULY 1996 passengers are also
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  • THE WORLD
    • Article
      Lock icon Orders for computer chips rise to US$3.2b in May
      265 8 SAN FRANCISCO Reuter NEW orders for computer chips rose for the first time in Ave months in May, a trade group said on Tuesday, offering hope that the ailing semiconductor industry may emerge from its doldrums. New chip orders rose half
      Reuter  -  265 words
    • Article
      Lock icon May CPI up a modest 0.3%, in line with expectations
      479 8 WASHINGTON High natural gas prices offset by lower beef, vegetable and fruit prices Bloomberg Business News US CONSUMER prices rose modestly in May, the Labour Department said yesterday, reinforcing the belief that inflation has not been ignited by the vitality
      Bloomberg Business News  -  479 words
    • Article
      Lock icon No cap on Hollywood films: EU govts
      126 8 LUXEMBOURG Reuter EUROPEAN Union governments ruled out once and for all on Tuesday setting mandatory limits on how many Hollywood shows can be broadcast on EU television, setting up an almighty clash with the European Parliament. The parliament, which has joint responsibility with
      Reuter  -  126 words
    • Article
      Discrepancies noticed: Norris
      447 8  -  LONDON Senior execs knew Leeson's accounts were suspect From Neil Behrmann FOR a period of nearly two years, senior Barings' managers knew that there were discrepancies in Nick Leeson's accounts, conceded Peter Norris, former chief executive of Barings Investment Bank. Interviewed in a BBC Television Inside Story
      447 words
    • Article
      Lock icon UK, US financial regulators looking at traders' pay
      284 8 LONDON Reuter FINANCIAL market watchdogs in Britain and the US are analysing the thorny topic of traders' pay as part of a probe into the regulation of global financial firms, a key British regulator said on Tuesday. Tim Shepheard-Walwyn, international advisor to
      Reuter  -  284 words
    • Article, Illustration
      Lock icon Having fun beating the heat
      33 8 [PRAGUE] An 11-year-old schoolboy giving his friend a squirt to battle the summer heat here. Temperatures rose in the Czech capital on Tuesday to 30 degrees Celsius. REUTER
      REUTER  -  33 words
    • Article
      Lock icon US-Europe free trade pact not urgent
      393 8 WASHINGTON US official lists priorities before US-EU summit Reuter THE US does not believe forging a transatlantic free trade agreement with Europe now is an urgent priority, acting Assistant Secretary of State John Kornblum said on Tuesday. He advocated strengthening the European Union and
      Reuter  -  393 words
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      57 8 I -».-r«-| I j, v m r*'*» M, —--1 wSS y him j*g» BP 1665/94 i» .-^^P- t '>••'**• c•• -s5»- •>/ F VP &*&£&%&&s*-' PI m Mil'' g, ~*> mmSm/jdm^R^.. C..i1l ir. now .il 535 5821/*****72 loi lIIMH- I.MMII<| lIIIUIIII.IIioii H.ii I><>iit mil<■ i". i ill. 11 •I• I<
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      168 8 APTECH-OPEN LEARNING in association with SINGAPORE INDIAN CHAMBER OF COMMERCE INDUSTRY VMsISJ/ present INTERNBT-QLOBAL BUSINESS OPPORTUNITY TWO DAY Workshop on June 26 Wf, IW6 BREAKFABT Mon June 28,1996 Venue Marriott Hotel Venue Mwttetl Hotel Time 9.00 am 5.30 pm Time vJBOO M 11.00 am Fees Sss6B Fee* »348 Topics covered
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      71 9 We'd like to thank all of you who came down to S M Motors yesterday to have a closer look at the slick new Volvo 850 R. A few of you just oohed and aahed over |H it's handsome look and powerful engine. Many of you took a test drive
      71 words
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  • EDITORIAL & OPINION
    • Article, Illustration
      Markets extend olive branch to Italy's new Left
      856 10  -  THE BOTTOMLDTE OPINION By Michael Hindley The writer is a Member of the European Parliament WHEN you see headlines saying: "Stock exchange surge of confidence after Left victory" you are entitled to shake your head and wonder where you are. The answer
      856 words
    • Article
      IN OTHER WORDS
      141 10 'What you've got is an economy that threatens to break the speed limit.' Robert Dederick economic consultant, after a report showed more jobs had been created in the US than expected, fuelling concern that the Federal Reserve would raise borrowing costs to stave off inflation. The bubble
      141 words
    • Article
      A trade war that no one wants
      626 10 EDITORIAL AS THE June 17 deadline for Washington's trade war ultimatum to Beijing draws nearer, not a day seems to go by without the Chinese coming up with ever more impressive evidence of the diligence with which they guard American intellectual property rights.
      626 words
    • Article, Illustration
      Lock icon Bapepam gets tough
      1263 10  -  Indonesian capital markets watchdog raps Jakarta exchange after probe into nnnsnal trading at Bank Mashill By\ S N Vasuki The writer is BT's Jakarta correspondent "THE investigative results show that the surveillance system implemented by the Jakarta Stock Exchange (JSX) needs to be put in order," said
      Source: Bloomberg; ALLAN  -  1,263 words
    • Article
      MAILBOX
      216 10 Teach pasMagar safety WITH the establishment of the Star Cruise centre at the Ngee Ann Polytechnic, tourism students will receive on-the-job training on board a cruise ship (BT, May 30). Besides learning about "accommodation, food and beverage as well as entertainment (aboard a) cruise ship" these students should also
      216 words
    • Article
      WHAT THE OTHERS SAY
      625 10 Understand the need to test AT a plenary session of the UN Disarmament Conference last Friday, China said it would accept a 10-year ban on peaceful nuclear tests. However, the next day it conducted its 44th round of nuclear testing and even announced it would test
      625 words
  • Page 10 Miscellaneous
    • Miscellaneous
      Page 10 Miscellaneous Column 1
      31 10 POOMESBPRY FLASHBACKS By Gary Trudeau a/HOA...£Oe'R£COM- \FLASHBACK\~ /NO /N OVSR THS I SHAKE- THE 7 FIRST VME ISAUJTHE I 1 CENTRAL HIGHLANPSFEELING [IMA6INSJ I /\MM BELIEVE UOR NOT, h j L,
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  • EXECUTIVE LIFESTYLE
    • Article, Illustration
      More than just cartoons
      565 11  -  The Animation Fiesta offers fans a first-time, first-hand experience of the medium, reports corimme here CORINNE KERK IF you enjoy animated films and sitcoms such as Toy Story and The Simpsons, then you're going to find something very special at this year's Festival Fringe. For the
      565 words
    • Article
      Lock icon Bleak spring for off-Broadway plays
      619 11 THEATRE A string of expensive and high profile plays closed this month NYT [NEW YORK] Daryl Roth, a veteran theatre producer, had just about given up hope. For months, her efforts to find an off-Broadway house in which to bring back Old Wicked Songs, a
      NYT  -  619 words
    • Article
      Lock icon Choosing wedding presents
      623 11 GIFTS Most couples prefer gifts like money or something practical for the house NYT AS the 1996 US wedding season unofficially opens, many of this year's 2.5 million nuptial couples have some requests. Please, no knitted pillowcases, temple bells from Thailand, electric forks, plastic trays laminated with
      NYT  -  623 words
    • Article, Illustration
      Lock icon The good, bad and lucky
      846 12  -  FOOTBALL Euro 96 has thrown up teams with talent aplenty, bnt lnck may be the deciding factor in the tournament Ry\ Shahiron Sahari SADLY for host England, the worst performance of the first set of group matches just completed in Euro 96 was, by general
      REUTER  -  846 words
    • Article
      Lock icon Japan's concept of lifelong employment coming apart
      673 12 CAREER Economic woes are destroying the tight link between Japan's workers and firms NYT (TOKYO) When a major Japanese tyre-and-rubber company asked a 53-year-old senior researcher to retire early last year, he refused. So the company moved him to a bare desk in
      NYT  -  673 words
    • CHATTER Box
      • Article
        Lock icon Godard's film for Sarajevo festival
        41 12 AFP IPARISJ A new film, Forever Mozart, by French director Jean-Luc Godard will be given its world premiere in Sarajevo later this month at his request, the organisers of a film festival there announced on Tuesday.—AFP
        AFP  -  41 words
      • Article, Illustration
        Lock icon Viewing Hongkong's wonders
        35 12 AFP [CALIFORNIA] Actor Jean Claude Van Damme and Anson Chan, Hongkong's Chief Secretary, at the "Hongkong Wonders Never Cease" presentation at Universal City j1 Walk in Studio City, California, on Tuesday. —AFP
        AFP  -  35 words
      • Article
        Lock icon Cousteau settles legal suit with son
        59 12 Reuter (SAN FRANCISCO] Oceanographer Jacques Cousteau and environmental group The Cousteau Society said on Tuesday they had settled a legal dispute with his son over J the use of the Cousteau name to advertise a resort. His son j agreed to add his first
        Reuter  -  59 words
      • Article
        Lock icon Dudley Moore to divorce fourth wife
        30 12 Reuter [LOS ANGELES] Actor and comedian Dudley Moore, 61, on Tuesday filed for divorce from his fourth wife, Nicole Rothschild, citing "irreconcilable differences". Reuter
        Reuter  -  30 words
      • Article
        Lock icon Special Hendrix guitar replicas
        29 12 Reuter [LOS ANGELESJ The Fender guitar company said on Tuesday it will release replicas of guitars made famous by j the left-handed Jimi Hendrix. Reuter
        Reuter  -  29 words
    • Article, Illustration
      Lock icon The magic words: US Open champion
      1072 14 GOLF Whether realising a lifelong goal or filling a career gap, a golfer makes history once he wins the title NYT [BLOOMFIELD HILLS. Michigan] It happens on the first tee of the first event the week after the US Open. Whether it is at
      NYT; REUTER  -  1,072 words
    • Article, Illustration
      Lock icon A president with a serious swing
      686 14 I GOLF Clinton enjoys his golf and likes to get better at it Reuter [WASHINGTON] Like the proverbial mailman, neither rain nor snow nor dark of night stops Bill Clinton from playing golf. He heads for the links every chance he gets and works
      Reuter  -  686 words
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      126 11 JH the all new Coupe Fiat turbo $175,000 (immediate registration available!) it S 3 real knockout! And we're not just talking looks great body and interior designed by Pininfarina. We're talking real power* Its transversely mounted. 2-litre 16-valve turbocharged engine delivers a formidable 195 bhp at 5.500 rpm. And did
      126 words
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  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      134 12 r PLAN YOUR OWN 1 SET MEAL Indulge in whatever you fancy for lunch! From a special menu, feast on your choice of appetizer, soup, main course cooked to your liking and complete the meal with a dessert buffet. For dinner, plan your very own 6-course set dinner of appetizer,
      134 words
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      Page 12 Advertisements Column 2
      173 12 -3K SERVINGS UNLIMITED! HELP YOURSELF TO Qoo4ies... Such n meat dumpling (bat ckamg). mini dumpling popiah. deep-fried spring roll. ilttiMd yam ban. steamed minced pork k. shallot cake, sweet peanut MNip, sweet red bean soup. baked peanut pastry, mee teti. ang ku kueh, huat kueh. etc... Enjoy as murti as
      173 words
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      Page 12 Advertisements Column 3
      84 12 50 Market Street #01-05 Golden Shoe Carpark. Singapore 04W40. Inside Summer Gate Restaurant Far enquiries, please call us at J36 J339 If it swims, A d we haue it. <&■ 1 fit Seafood C/ International, <* OFF we seme you forYunch only L s* the way you want it to
      84 words
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      Page 12 Advertisements Column 4
      33 12 HOT/COLD POOLS SAUNA BATH STEAM BATH TV/COFFEE LOUNGE 18 MASSAGE ROOMS REGENT HEALTH SPA 78, SHENTON WAY #01-0 lA& 81-01, SINGAPORE 0207 TEL: *****68 (5 LINES) BUSINESS HOURS: 10.30 am TO 11.00 pm
      33 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      199 12 THE WEATHER Singapore; Showers over a few areas in the afternoon. Temperature (32-25). HVLo* Good. Europe Hi/Lo* Cood. America HVLo* Cool Auckland l&W <*hiud> AiWrtrlaro 18/12 Sunnv AllanU 27/18 Sunav T l \tfvns 3222 Sunns Buhius Aires IfrDß Showm T*nr» Kite Jill Sunnv (lira*. »M Shuwm liwhajf <Vud> Bona 22.
      199 words
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      Page 13 Advertisements Column 1
      573 13 For Home or Office deliveries of: The Straits Times, The Sunday Times, The Business Times, LianHe Zaoßao, Berita Harian, Berita Minggu, Shin Min Daily News, LianHeWan Baocall our Hotline 1800-749-2577. Where to wine, dine and entertain /uf& coffee house PORRIDGE TREATS FOR SUPPER ADULT $11.00+++ CHILD S7.oo+++ Sunday to Friday
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      Page 13 Advertisements Column 2
      122 13 You'll be tempted by our tantalising selection of Local and Western sweets and savouries All your lite-iiite favourites await your pleasure in our High Tea at The Mezzanine Just give in For reservations please call 831 6286/8/9 High Tea 2 30pm spm X Vyv ew-r 333 Orchard Road Singapore *****7
      122 words
  • Page 13 Miscellaneous
    • Miscellaneous
      Page 13 Miscellaneous Column 1
      720 13 TV&RADIO yMriMH .r HW Conference in Norway. 10.00 My Destiny (Japanese u Chicago Hope (See Our Drama). 00 AM NBA Basketball Fi Choice). 11.30 TV Innovations. HB^3HIB nals Game 4. Chicago News 5 Tonight. 1.30 AM Close. H A Bulls vs Seattle Superson n.OO Party of Five. Wk M ics
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    • Miscellaneous
      Page 13 Miscellaneous Column 2
      270 13 CRYPTIC CROSSWORD 5 Surrounded and laid about a soldier king (6) ~HHf HB H 8 Plant Poles had demolished (8) —Lnj—L^—PV-—JV— 9 Further loan (7) 10 Taking pains to adapt to the coun--11 Bloomer made by people travel- P*| ling by road? (9) "~||l^\ 13 The party leader lives for
      270 words
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  • Page 14 Advertisements
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      1987 14 \y VENTURE VENTURE MANUFACTURING (SINGAPORE) LTD I (Incorporated in the Republic of Singapore) ANNOUNCEMENT This announcement supersedes the announcement issued by Venture Manufacturing (Singapore) Ltd (the "Company") dated 7 June 1996 in relation to the notice of books closure date and the adjustments to the warrants held by wsrrantholders. In
      1,987 words
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  • COMPANIES & MARKETS
    • Article
      SIA leasing associate orders 24 planes
      444 15  -  Firm on way to becoming a leading leasing player with USsl.2b purchase By i Conrad Raj [SINGAPORE] Singapore Airlines' leasing associate, Singapore Aircraft Leasing Enterprise (SALE), appears to be well on its way to becoming a leading player in the global aircraft leasing business
      444 words
    • Article, Illustration
      CityDev's 1995 land purchases mostly choice sites
      410 15  -  By\ Diana Oon [SINGAPORE] Property group City Developments Ltd's additions to its land bank last year were made up mostly of choice freehold residential and industrial sites. In its 1995 annual report, the listed property giant said it bought five parcels of residential
      410 words
    • Article, Illustration
      Lock icon No big jump in profit, but Fels' long-term prospects still good
      782 15  -  HOCK LOCK SIEW Rahita Elias LAST Friday, Far East Levingston Shipbuilding's (Fels) share price went into free fall, shedding 9 per cent to close at $7.80. On Monday, it drifted further down to $7.65 but recovered to close yesterday
      Source: Bloomberg  -  782 words
    • Article, Illustration
      Chevalier earnings up 8.3% as turnover escalates 58%
      362 15  -  By Paul Leo [SINGAPORE] Escalator and lift supplier Chevalier Singapore Holdings yesterday posted an 8.3 per cent rise in net earnings to $4.45 million for the year ended March 31. This was achieved on a 58.2 per cent jump in turnover, including
      362 words
    • Article
      SingTel's overseas firms post $87.8m loss
      381 15  -  Analysts expect improvement in current year By i Genevieve Cua [SINGAPORE] Singapore Telecom's losses from overseas ventures, as reflected in the losses of associates and joint ventures, deepened from $49 million to $87.8 million in the year to March. However, the group yesterday said
      381 words
    • REGIONAL COMPANIES
      • Article
        Elec & Eltek shareholders advised to approve HK acquisition
        232 16 Elec Eltek shareholders advised to approve HK acquisition SINGAPORE Independent directors of Elec Eltek International Co (EEIC) have recommended that shareholders of the company approve the acquisition of E&E Hongkong Properties Investments (BVI). They said in a circular EEIC issued to shareholders that the potential net cost savings from the
        232 words
      • Article
        Guthrie may buy into complementary set-ups
        327 16  -  By] Michelle Low [SINGAPORE] Guthrie GTS hinted in its annual report that it would soon start buying into companies in the property and engineering lines it has started a new "strategic investments" division. Guthrie chairman Putra Masagung said "resources will be channelled into strategic
        327 words
      • Article
        Five firms linked to Ekran chief seek suspension
        306 16  -  Requests come amid rife talk that they would gain from Baknn dam contracts Frorn Ruth Wong in Kuala Lumpur FIVE listed companies linked to Ekran chieftain Ting Pek Khiing have requested suspension from trading today following rife market talk that the Msls
        306 words
      • Article
        Datacraft gels $1.3m contract from PacNet
        124 16 [SINGAPORE] Datacraft Asia has clinched a $1.3 million contract from Pacific Internet to supply equipment which the latter is counting on to improve Internet access for its customers. Pacific Internet is getting 19 units of Ascend MAX 4000, a device that increases Internet capacity
        124 words
      • Article, Illustration
        Lock icon F&N's earnings will see big boost from property: analysts
        478 16 Reuter [SINGAPORE] Robust property earnings will boost the bottom line of blue chip food and drinks maker Fraser and Neave's sharply this year, analysts said yesterday. "If you ask any analyst, they will say that 1996 is a property year for
        Reuter  -  478 words
      • Article
        Vikay forms unit to serve Asian markets
        239 16 [SINGAPORE] Vikay Industrial subsidiary. Micrologic Inc. which supplies global positioning system (GPS) equipment. has set up Micrologic Asia in Singapore. The new company was established to improve service and distribution of GPS navigation equipment in Asia. The market for all GPS products worldwide
        239 words
      • Article
        Lock icon PT Telkom unaware of share-sale plan
        183 16 Bloomberg Business News [JAKARTA] PT Telkom is not aware of any plan to sell more of the Indonesian government's Telkom shares to the public, the company's chief executive officer said. "We've had no indication of that," said Asman Akhir Nasution, who was named president,
        Bloomberg Business News  -  183 words
      • COMPANY Briefs
        • Article
          Keppel director quits board
          60 16 [SINGAPORE] Hwang Peng Yuan resigned as a director of Keppel Corporation, Keppel Bank of Singapore and Far East Levingston Shipbuilding yesterday. His resignation follows his recent retirement as deputy chairman of Temasek Holdings. He had been a director of Keppel Corp and Fels since 1986 and
          60 words
        • Article
          Liang Huat raises subsidiary's capital
          27 16 [SINGAPORE] LHR Pte Ltd, a wholly-owned subsidiary of Liang Huat Aluminium, has raised its issued and paid-up capital from $2 to $100,000.
          27 words
        • Article
          L&M to get new auditors
          34 16 [SINGAPORE] Price Waterhouse is not seeking re-appointment as auditors of L&M Group Investments at the coming annual general meeting. L&M's audit committee has nominated KPMG Peat Marwick as auditors.
          34 words
      • COMPANY Briefs
        • Article
          Lock icon HK supermart, retailer going on-line
          31 17 Reuter [HONGKONG] Dairy Farm International Holdings Ltd and Wing On International Holdings Ltd both will launch on-line shopping services, the Hongkong Economic Times said yesterday. Reuter
          Reuter  -  31 words
        • Article
          Lock icon W H Smith to cut jobs, revamp business
          57 17 Reuter [LONDON] W H Smith pic said it would cut 409 jobs, close 70 Our Price record shops and take a £140 million (Ss3o3 million) charge to revamp its business and boost sagging margins. The book and magazine retailer's profit plunged 62
          Reuter  -  57 words
        • Article
          Lock icon Granada interim profit up 19%
          70 17 Bloomberg Business News [LONDON] The hotel and leisure group Granada yesterday reported a 19 per cent rise in interim profits. Pre-tax profits in the six months to end March 1996 rose by 19 per cent to £183 minion. Total turnover in the six months was
          Bloomberg Business News  -  70 words
        • Article
          Lock icon Daewoo on its Thomson purchase
          59 17 AFP [PARIS] Daewoo Electronics is ready to buy aU of Thomson Multimedia and cut costs without transferring jobs to China, the South Korean company's president Bae Soon Hoon said yesterday. He told the Les Echos newspaper his company was ready to acquire the business in
          AFP  -  59 words
        • Article
          Lock icon Chip maker UMC's profit drops 33%
          55 17 Bloomberg Business News [TAIPEI] United Microelectronics Corp, Taiwan's second-largest semiconductor chip maker, said pre-tax profit dropped 33 per cent in May from a year earlier amid declines in prices for memory chips. Pre-tax profit fell to NT$BlO million (Ss4l million) from NTSI.2I billion a
          Bloomberg Business News  -  55 words
      • Article
        Lock icon CNAC to sell 2.6% stake in Cathay Pacific: report
        196 17 AFP, Reuter [HONGKONG] China-owned China National Aviation Corp (CNAC) is seeking to sell a 2.6 per cent stake in Hongkongbased Cathay Pacific Airways Ltd, it was reported yesterday. CNAC, which on Monday became the biggest single shareholder in Hongkong Dragon Airlines
        AFP,; Reuter  -  196 words
      • Article
        Lock icon Shanghai starts national T-bill trade
        427 17 Computerised system puts exchange ahead in its bid to lead China's securities markets Reuter [SHANGHAI] The Shanghai Stock Exchange yesterday opened nationwide Treasury bill trading, winning another round in its battle to become the "dragon head" of China's securities market, stock analysts said. The Shanghai
        Reuter  -  427 words
      • Article, Illustration
        Lock icon News Corp moves into Japan's TV market
        221 17 Bloomberg Business News [TOKYO) News Corp, the global telecommunications and media company, stepped up its move into Japan's television market as chairman and chief executive Rupert Murdoch yesterday unveiled plans for an array of new services. The company will launch a 100-channel satellite
        Bloomberg Business News; REUTER  -  221 words
      • Article
        Hang Seng Bank buys into China's tallest building
        220 17  -  HK's No 2 bank pays HKs9sm for space in Sky Central Plaza From Quak Hiang Whai in Hongkong HONGKONG'S second largest bank has further expanded in China by buying premises in what will soon be the tallest building in China. Hang Seng
        220 words
      • Article
        Lock icon Formosa Plastics to invest US$3b in China power plants
        236 17 Bloomberg Business News [TAIPEI] The Formosa Plastics Group plans to invest US$3 billion (554.2 billion) in Chinese power projects, the largest Taiwanese investment ever in mainland China. China's State Council, or cabinet, has approved the construction of two 600 megawatt generators
        Bloomberg Business News  -  236 words
    • INTERNATIONAL COMPANIES
      • Article, Illustration
        Lock icon Casey is new chief of London bourse
        533 19 Former chief operating officer at Smith New Court Group picked after a 5-month search Bloomberg Business News [LONDON] Gavin Casey, former chief operating officer at Smith New Court Group, was named chief executive of the London Stock Exchange, ending a five-month search for
        Bloomberg Business News; REUTER  -  533 words
      • Article
        Lock icon Top dept stores lent 1.4b yen to firm with underworld ties
        328 19 Bloomberg Business News [OSAKA] Department store operator Takashimaya Co said it lent 700 million yen (Ss9 million) to a construction company connected with the gangster some of its executives have been accused of paying off. And another Osaka-based department
        Bloomberg Business News  -  328 words
      • Article
        Lock icon British Land pretax profit up 26% to £62m
        479 19 NAV at Britain's second-largest property company rises by 2.2% Bloomberg Business News [LONDON] British Land pic said net asset value per share rose a better-than-expected 2.2 per cent in its last fiscal year on the strength of offices in London's financial district
        Bloomberg Business News  -  479 words
      • Article
        Lock icon Nokia recovering quickly from first qtr slump
        357 19 Group sales growth set to exceed 30 per cent this year FT [HELSINKI] Nokia, the Finnish mobile telecoms specialist, is recovering quickly from the problems that caused a slump in profits in the first quarter and expects 19% "to work out in a
        FT  -  357 words
      • Article
        Lock icon Canadian junior mining stocks in sharp decline
        211 19 FT [TORONTO) A series of exploration setbacks sent the booming market in Canadian junior mining stocks into sharp decline on Tuesday. Share falls on the Toronto, Vancouver and Alberta exchanges reinforced a trend that began last month. The Vancouver Stock Exchange's composite index,
        FT  -  211 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon Japan likely to open up foreign exchange market
        464 20 Finance ministry advisory panel will call for wider bank participation in report dne June 17 Reuter [TOKYO] Japan is likely to abandon rules limiting foreign exchange business to authorised banks, opening up the market in response to repeated calls for deregulation, members
        Reuter  -  464 words
      • Article
        Lock icon Copper guru still with us, says Sumitomo
        247 20 Reuter [TOKYO] Yasuo Hamanaka, Sumitomo Corp's copper guru nicknamed "Mr Five Per cent", has not resigned from the firm's non-ferrous metal division, a company spokesman said yesterday. But Japanese metal industry officials said they were still wondering about what role Mr Hamanaka, a
        Reuter  -  247 words
      • Article
        Lock icon BOT okays 25b baht bail-out package for Bank of Commerce
        233 20 Bloomberg Business News [BANGKOK] The Bank of Thailand approved loans of 25 billion baht (551.38 billion) as part of its bailout package for Bangkok Bank of Commerce pic, a central bank official said. The money, to be channelled through the
        Bloomberg Business News  -  233 words
      • Article, Illustration
        Lock icon Beating price hikes
        56 20 [SAN SALVADOR] Soyapango residents carrying propane cylinders as they head for an outlet to purchase the gas on Monday. In the last several weeks, hundreds of Salvadorians have had to wait in line to purchase propane in an attempt to beat predicted price hikes for the fuel
        REUTER  -  56 words
      • Article
        Lock icon Salomon chief sees fillip for Asia's bond market
        331 20 He says market will develop with need to fond infrastructure Bloomberg Business News [SINGAPORE] Salomon Inc expects the need to finance a slew of infrastructure projects in Asian countries will boost the region's nascent bond market in the next decade, its chief
        Bloomberg Business News  -  331 words
      • SMALL Change
        • Article
          Lock icon CBA gets long-term rating of AA-minus
          75 20 Knight-Ridder (SYDNEY) The European credit rating agency IBCA has assigned Commonwealth Bank of Australia (CBA) a long-term rating of AA-minus and a short-term rating of Al-plus for future debt issues not guaranteed by the Australian government. Currently, all CBA debt issues are guaranteed by
          Knight-Ridder  -  75 words
        • Article
          Lock icon Call to cut China's bank reserve ratio
          66 20 Reuter [SHANGHAI] China's bank reserve ratio is too high and should be cut as part of the nation's financial reform, the China Securities daily said. State-run commercial banks have to put 13 per cent of their total deposits in the central bank as
          Reuter  -  66 words
        • Article
          Lock icon Commerzbank opens branch in Labuan
          47 20 Bloomberg Business News [FRANKFURT] Germany's Commerzbank AG said it will open a fully licensed branch today on the Malaysian island of Labuan. The branch will specialise in trade and project financing, foreign-trade payments, loan syndication and advising global companies. Bloomberg Business News
          Bloomberg Business News  -  47 words
        • Article
          Lock icon Lehman hires Morgan Stanley veteran
          54 20 Bloomberg Business News [NEW YORK] Lehman Brothers Holdings Inc has hired David Robbins as its global head of emerging- market Brady and Eurobond trading. Mr Robbins, a veteran of Morgan Stanley Group Inc, will report to Brian Zipp, Lehman's head of fixed income emerging markets
          Bloomberg Business News  -  54 words
      • Article
        Lock icon Amex to expand in Europe after Visa's ban fails
        234 20 FT [LONDON] American Express, the payment card operator, on Tuesday disclosed an aggressive international expansion programme in the wake of rival Visa International's decision to drop a proposed ban on European member banks issuing competing cards. Tom Ryder, president of American
        FT  -  234 words
      • Article
        Lock icon Euroyen down after brief rally
        222 20 SUKEX Report Reuter [SINGAPORE! Simex Euroyen futures ended slightly weaker yesterday after a brief rally on the back of comments by Bank of Japan (BOJ) governor Yasuo Matsushita. After opening firm after Tuesday's surge, inspired by news that the Japanese Ministry of Finance was to
        Reuter  -  222 words
      • Article
        Lock icon CURRENCY REPORT
        184 20 Reuter London THE dollar remained glued to narrow ranges in Europe and closed little changed against the mark and the yen after US consumer price data failed to inspire traders. The consumer price index rose 0.3 per cent in May from the previous month, as expected, after a
        Reuter  -  184 words
      • Article
        Lock icon Iraq's return expected to cause oil oversupply
        363 20 ENERGY REPORT Reuter (LONDON) Oil prices have been propped up this year by Asian demand but the return of Iraqi oil should be enough to tip the world market into oversupply in the second half. Analysts said thus far, Asian demand had helped
        Reuter  -  363 words
      • Article, Illustration
        Untitled
        1283 20 DfTERBAMK CURRENCY RATES Against S$ Against USS Against S$ Against USS Currencies Bid Offw Bid Offw Curr»nd« BM Otf«r BM Offar St'VSS to one unit of foreign currency: SttSS to 100 units of foreign currency: Australian dolljr 1.1141 1.1156 0.7906 0.7911 French franc 27.0573 27.0817 19.2005 19.2042 Canadian dollar 1-0319
        1,283 words
    • Article
      COMMODITY PRICES
      1893 21 E 2 Jun 12 RUBBER (Mms dosing ts it 5.34pa) RSS1 CONTRACTU c*nt$A«> Month High Close ow Sett Volume (tonnes) Open Interest Jul 96 Aug 96 Sep 96 Oct/Dtc 96 Jan/Mar 97 Apr/Jun 97 206.00 203.00 196.50 197.00 207.50 207.25 199.00 202.00 t95.25 198.00 196.50 196.50 196.00 196.00
      1,893 words
    • Article
      WORLD STOCK MARKETS
      2452 21 LONDON Mvstrtils JtmU f»ti A. A. Corp Adr 631/2 *T AB Ports 287 -4 1/2 Abbey K4tion.il 546 -41/2 AMed Lyon* 476 1 Am»c 113 unch Argyll 360 1/2 Asd* Group 118 *1 BAT Ind 518 8.620 BICC 338 8 BOC Croup 945 7 BP Petroleum 574
      2,452 words
    • Article
      Lock icon TOKYO
      1691 21 AFX-Asia PJ Nikkei 225 +287J8 SHARE prices closed higher on active buying by foreign investors on renewed expectations that the Bank of Japan will maintain its interest rates at low levels in the near term to ensure steady economic recovery, dealers said. The 225-share Nikkei Average closed up 287.18
      AFX-Asia  -  1,691 words
    • Article, Illustration
      Lock icon HONGKONG
      1737 22 Bloomberg Business News d Hang Seng -34£8 STOCKS fell to three-week lows as Cathay Pacific Airways slumped 5.5 per cent on reports an arm of China's airline regulator may reduce its stake in the airline. HK Telecom also fell amid concern it, too, is being abandoned by a Chinese
      Bloomberg Business News  -  1,737 words
    • Article, Illustration
      Lock icon CHINA
      640 22 Reuter U Shanghai B Share Index +OJ6 THE Shanghai B market ended up on institutional bargain-hunting but market sentiment remained poor with the index lingering around historical lows. The index edged up 0.16 point to 47.380 on volume of 6.7 million shares worth US$2.5 million. "Some institutions holding large
      Reuter; Source: Credit Lyonnsis Securities(Asia) Ltd  -  640 words
    • Article
      Lock icon TAIPEI
      399 22 AFP □wp Index ****** SHARE prices finished 2.9 per cent higher as retail investors trailed foreign institutions to bid shares higher. Foreign institutions, apparently encouraged by Morgan Stanley's adding Taiwan stocks to its indices, bought heavily and local players followed suit. The Weighted Price Index rose 176.03 points to
      AFP  -  399 words
    • Article, Illustration
      Lock icon BANGKOK
      863 22 AFP n SET Index -15.98 SHARE prices fell for the second day in a row amid concerns over the troubled Bangkok Bank of Commerce. The bank has been accused of handing out massive loans to leading politicians without demanding adequate collateral while its president, Krikkiat Jalichandra, has been arrested
      AFP  -  863 words
    • Article, Illustration
      Lock icon JAKARTA
      783 22 AFP n Composite Index -12.43 SHARE prices closed a sharp 2 per cent lower yesterday following the slightly reduced weighting of Indonesian stocks in Morgan Stanley's emerging market index, dealers said. "The aggregate pool of funds linked to the Morgan Stanley Index has to be spread out over a
      AFP  -  783 words
    • Article
      Lock icon SEOUL
      439 22 AFP n Composite Index -1&35 SHARE prices tumbled, with the downturn accelerating after a key psychological support level was breached. The Composite Index closed down 15.35 points at 873.31, dropping rapidly after breaking through support at 890 points. Turnover was 24.7 million shares worth 565.2 billion won. Falls beat
      AFP  -  439 words
    • Article
      Lock icon SYDNEY
      634 22 AFP n All Ordinaries -9.6 SHARES fell under the negative influences of a slump on Wall Street and softer metal prices. The All Ordinaries Index fell 9.6 points to 2,212.1. Turnover was 283.8 million shares worth A 5577 million. Falls beat rises by 523 to 345. Among the blue
      AFP  -  634 words
    • Article
      Lock icon WELLINGTON
      292 22 Reuter SHARES were mixed as high interest rates hurt many retailers and makers of retail goods while companies reporting solid profits gained. The NZSE Top 40-share Index rose 0.62 point to 2,037.0. Reuter J»»12 UJ CCOO] ANZ Banting 6.60 unch 1600 Advantages HMQS 1 56 -0 04 ***** Air
      Reuter  -  292 words
    • KUALA LUMPUR STOCK MARKET
      • Article, Illustration
        Lock icon Stocks mixed on sale of govt bonds
        8171 23 KUALA liPlhr uk. Reports Bloomberg Business News F1 Composite Index +L 56 STOCKS ended mixed on concern that the sale of Ms 2 billion (551.13 billion) worth of Malaysian government bonds next week signals the start of a drive by the Malaysian central
        Bloomberg Business News  -  8,171 words
    • WARRANTS & OPTIONS
      • Article
        Tajo warrants: cheap but risky
        4033 24  -  WARRANT WATCH R Sivanithy ONE segment of the market that has been on the sharp decline lately but showed signs of perking up yesterday was the KLSE Second Board. As regular readers will know, this is a highly volatile and risky sector, so trying to
        4,033 words
    • Article
      CLOB INTERNATIONAL
      2510 24 MALAYSIA* STOCKS Gf Gr 1*M Last Vol Day Last Oust* Dtv Dtv YM Nat M Cap Htgft Law Stna Caaapaay Sala COOP) High Law Buyar Sallar 94 CVf 94 P/t Smll US 3*4 5000 AISBSOc 394 »2 2 394 392 392 406 S.O 49 0.4 12.3 404.1 W
      2,510 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        1179 25 TVMOVtK COCO) VAIUI COOO) m* am twh mm 0* r** jMyiWll 28.073 49*6 33,041 W7.8M 9,4*4 117,039 HMIIM XUI 3,230 MU 3S449 iMT 41,717 HoMt 70* 3*1 1,0*7 2340 *00 3.140 Proparttm 3400 MOO 9.400 204*1 8.904 29. MS «W««foo 1,201 1201 3.5*9 M4f MWB9 241 241 417 *17 5.1*0
        1,179 words
      • Article
        MAIN BOARD
        4531 25 or er mm ItM LMt Vol Day Last Quote W» Mv VM Net Cap Ave M>» Ltm »«Hp Cimpny COOCI Higb Lw Bayer io8pc CV P/K >m8 Prteo INDUSTRIALS S146 ASC NT$tO 200 US- 214 165 1258 Acer 50c US182 CO 5 182 182 182 183 5.0N 7.5
        4,531 words
      • Article
        SESDAQ
        1004 25 Gr Qr M Wt 1996 Last Vol Day LMt Ouata Wv Dtv Ytd Nat Cap Av* H<9» La» «Mt Ciw»ny St* fOOOl HI# La» Iwyf •—tr On P/t tmM Prtct 289 228 2000 A8R HWgs 5c 233 cd -2 48 233 228 230 234 10 I4J 0.1 145.6 103.6
        1,004 words
      • Article, Illustration
        Lethargy continues amid concerns over earnings
        849 26  -  STOCK MARKET COMMENTARY Recovery in Malaysian equities provides spark in quiet day which sees volume dwindling to one of the lowest this year By R Sivanithy [SINGAPORE] A late afternoon recovery in Malaysian equities provided the only spark yesterday, while the recent gloom surrounding
        849 words
      • Article, Illustration
        HOT STOCK
        67 26  -  Paul Leo DATACRAFT fell one cent to $I.ooyesterday with 1.07 million units traded 3.6 times the 10-day average of 296,000 shares. However, this is not that bad If compared to the previous day's volume of 2.1 million shares. Support at 96 cents will hold as the daily RSI
        67 words
      • ON THE GRAPEVINE
        • Article
          Ivanhoe rides into town
          87 26 WE HEAR that Ivanhoe Capital Corporation, a privately-owned Canadian investment bank specialising in venture capital and project financing, has moved its international head office from Vancouver to Singapore. The office at Millenia Tower will be officially opened next Tuesday. Ivanhoe is wholly-owned by the family of
          87 words
        • Article
          Who miscalculated?
          136 26 IN HIS talk on the future of Hongkong on Tuesday, China's chief honcho on Hongkong, Lu Ping, revealed that China's negotiations with the British government over Hongkong's new airport first ran into difficulties because the British had suggested that Hongkong would be left with only HK$5 billion (Ss9lo
          136 words
        • Article
          Deutsche uber Alles?
          89 26 DEUTSCHE Morgan Grenfell (DMG) has been getting some flak recently for its aggressive recruitment of staff from other banks. A bad joke making the rounds in the stockbroking and investment banking circles goes like this: Fresh from its victories in hiring Morgan Stanley's corporate finance team in
          89 words
        • Article
          Brokerage before experience
          96 26 THE market has been abuzz with talk that local stockbroking firm Ongco has asked half a dozen of its more senior brokers to quit in an attempt to infuse new blood into the company and to raise the level of productivity (read: more business). Apparently, the company
          96 words
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      Page 15 Advertisements Column 1
      258 15 I COMPAQ LIE ***** Comes With More POWER r Greater FLEXIBILITY ffc BIGGER BONUS L, COMPAQ LTE 5000 Features 256K8 Secondary Cache ?-n 1.44M8 Modular Floppy Drive O ne type 111 or two Type II PCMCIA Slots 16-Bit Audio Capabilities Display Mounted Stereo Speakers Integrated Microphone MS Windows 95 Weight
      258 words
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      238 16 JC-MPH JACK CHIA-MPH LIMITED (Incorporated in the Republic of Singapore) Financial year ended: 31/3/95 Increase 1. Turnover *****.1 million *****.4 million 40.2% 2. Profit before tax S$ 39.4 million S$ 21.4 million 84.1% 3. Profit after tax and minority interest S$ 30.3 million S$ 12.1 million 150.4% 4. Earnings per
      238 words
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      Page 16 Advertisements Column 2
      60 16 i i i w m -WT w p i TfT g T—— 1 M Him Di als lok HkwdNi w Mi;k< i dls Hi n/ C 1 BO S2BO FREE: Petrol Voucher 1 year servicing (inclusive of parts) Limited Stocks Only Showroom 159 Sin Ming Rd __A A A #01
      60 words
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      Page 16 Advertisements Column 3
      31 16 #04-00 #05-00 BOON LIEW BUILDING 204 BUKIT TIMAH ROAD I #03-01 MAXWELL HOUSE 20 MAXWELL ROAD I Office 222 1333 l<> K.it Mrs On.n J'M»| Mont; I innj; liiiildnii; Sil.l 5
      31 words
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      132 17 BUSINESS SUCCESS hit jjlft 'M: WithQ opace Business travellers are never cramped for space at the Amara Royal Club. Be it space to impress. Space to entertain. Or space to spread yourself out to work or relax. At the same time, you'll appreciate our location in one of Singapore's prime
      132 words
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      Page 17 Advertisements Column 2
      95 17 C()k PACIFIC OCEAN ACCESS SINGAPORE OWNED DEVELOPMENT Australia's newest WATERFRONT integrated residential resort Gold Coast Australia jjj^ FDRST STAGE Great investment opportunity House land packages 300 room hotel 18 hole golf course Ocean marina Shopping centre Holistic healing centre Private sandy beach Meet the Guilder Mr Rodney Jones, Oyster Cove's
      95 words
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      Page 18 Advertisements Column 1
      38 18 BUSINESS Notices T() AI)VER T I S E CALL TOLL-FREE 1800- 74 1 18 8 3 4 SINGAPORE 1. BUSINESS «u r f i r Giving i you r I > i winning edge MORE NOTICES ON PAGE 26
      38 words
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      Page 18 Advertisements Column 2
      731 18 of Annual General Meeting ,1 FUYU MANUFACTURING LIMITED NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at the Theatrette Raffles Marina Ltd. lOTuas West Drive, Singapore *****4 on Friday. 28 June 1996 at 4.30pm for the following purposes: AS ORDINARY BUSINESS 1 To
      731 words
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      Page 18 Advertisements Column 3
      256 18 In the Matter of The Companies Act. Capso and In the Matter of NINE UP INVESTMENTS (SINGAPORE) PTE LTD (In Members' Voluntary Liquidation) At an Extraordinary General Meetng of th« abovenamed Company duly convened and held at 2 Hevektck Road. #0707 Apollo Centre, Singapore *****3 on Thursday, the 12th day
      256 words
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      Page 18 Advertisements Column 4
      436 18 (f!OP) FUJI OFFSET PLATES MANUFACTURING LTD NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 13th Annual General Meeting of FUJI OFFSET PLATES MANUFACTURING LTD will be held at its registered office, 54 Tanjong Penjuru, Singapore *****5 on Friday, 28 June 1996 at 11.00 am for the following
      436 words
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      Page 18 Advertisements Column 5
      1328 18 TONG MENG INDUSTRIES LIMITED (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Thirty-First Annual General Meeting of the Company will be hekJ at 47 Hill Street #05-02, Chinese Chamber of Commerce Industry Building, Singapore *****5, on Fnday, 28 June 1996, at
      1,328 words
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      Page 19 Advertisements Column 1
      512 19 Goldtron Limited (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING Notice is hereby given that the Thirty-third Annual General Meeting of the Company will be held at 53 Übi Road 1, Singapore *****8 on 28 June 1996 at 11.00 a.m. for the following purposes: As Ordinary Business
      512 words
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      Page 19 Advertisements Column 2
      476 19 I doctor of Business Administration Awarded by Brunel-The University of West London and organised in conjunction with Henley Management College sth intake commencing in August 1996 5546,350.00 (Inclusive of 3% GST) You Will Be Respected With A Henley DBA Henley's DBA Programme focuses on the development needs of the individual
      476 words
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      Page 22 Advertisements Column 1
      103 22 T- 1 j i 86 Vttrnoratp irmgp I •jf 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
      103 words
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      Page 24 Advertisements Column 1
      36 24 SMOOTH AS SILK TO BANGKOK Travelling to Bangkok? Fly smooth as silk on Thai Qiy TIMES riAII V six times daily. Enjoy gourmet food, vintage French wines and a standard of service that's Smooth ss silk.
      36 words
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      1 25 lAtM-r
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      Page 25 Advertisements Column 2
      138 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 Ql2 months Q 6 months 3 months at S $60.00 at
      138 words
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      Page 26 Advertisements Column 1
      199 26 BUSINESS Notices to \i)\i:in is i < 1.1 ioii, -1 ki i r -eH'. The" Business Times Faster. Sharper. Deeper A bold new look and a fresh approach to the news and views. Faster with the news, and with the meaning of the news. Sharper focus on business and markets.
      199 words
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      Page 26 Advertisements Column 2
      383 26 ROBERT FLEMING CO/LIMITED NOTICE TO WARRANTHOLDERS TO: ALL HOLDERS OF CALL WARRANTS RELATING TO "FOREIGN" DESIGNATED ISSUED ORDINARY STOCK UNITS OF OVERSEA-CHINESE BANKING CORPORATION LIMITED ISSUED BY ROBERT FLEMING A CO. LIMITED ON 6TH JUNE, 1995. Notice is hereby given in respect of the call warrants (the "Warrants') relating to
      383 words
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      Page 26 Advertisements Column 3
      744 26 Singapore Closing Share Prices 12/06/1996 CLOSE PREV LOW HIGH sill## US$ US$ US$ US$ WW Jardine Matheson 7.00 7.10 6.95 7.05 Irffißlll Jardine Strategic 2.84 2.85 2.82 2.87 kXSSSr A S a,ry Farm 081 080 0.785 0.815 Hongkong Land 2.26 2.26 2.24 2.26 ■EfPTPI|P| Mandarin Oriental 1.35 1.35 1.35 1.35
      744 words
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  • SHIPPING TIMES
    • Article
      Lock icon DAILY FREIGHT
      304 27 Knight-Ridder, Reuter THE tone of the summer market is one of extreme softness, as rates drift lower in all sectors, brokers said. They commented that charterers were trying to push down rate levels for Panamax tonnage for early July cargoes on the main grain route from the US
      Knight-Ridder,; Reuter  -  304 words
    • Article
      MARITIME STOCKS
      260 27 a CWT Distribution L4S -0.02 TO OMMfiHup L03 undt 91 Cmco MvMtfMfit —147 undt 29 rtL» 7.M KUO 738 rratM Urtu 0.753 *0005 79 Gsi&Mnqs U8 -0.02 18 HUSwHi* L03 -0.01 123 Hit tent Zatan 0.973 undt n HKUO jaya imon L3i *ojm s Jurona SNpvard 7.43 undt
      260 words
    • Article
      TWRA raising fees for Asia-bound cargo
      397 27  -  Towninal handling charges for both 20 and 40-foot boxes up from July 1 By' Yong Mei Fong (SINGAPORE] The 11 shipping lines of the rate-making group Transpacific Westbound Rate Agreement (TWRA) will raise terminal handling charges (THC) for cargo bound for Asia from July
      397 words
    • Article
      Demand for oil rigs in S-E Asia seen exceeding planned projects
      426 27 Boost for demand said to be coming from continued offshore development [HONGKONG] Continued offshore oU field development in South-east Asia is likely to see demand for floating production storage and offloading (FPSO) vessels exceed existing and planned projects, a
      426 words
    • Article
      Lock icon Call to privatise sea ports
      104 27 Reuter [MANILA] The Philippine Chamber of Commerce and Industry has urged the government to accelerate privatisation of sea ports. "Shipowners should not be coerced into situations where it has to engage the services of only one cargo handling operator," the chamber's president, Federico Pascual, said
      Reuter  -  104 words
    • Article, Illustration
      Lock icon Making nickels and dimes but loving every minute of it
      671 27  -  SBVSBAPE I By Rahita Elias IF C C Cheung had followed his childhood dream, he would have been a banker. Instead, early in his working life, he decided his destiny lay in the world of shipping. "Going into banking was
      CHRIS LOH  -  671 words
    • Article, Illustration
      Travelling light
      82 27 [SINGAPORE] The Royal Caribbean Cruise Line's new vessel, Splendour of the Seas, is all set to sail in both European and Caribbean waters. It has been called the "vessel of light" because B,ooosquare metres of glass were integrated into its building, as is seen in its atrium (above)
      82 words
    • Article
      Lock icon Maersk Line to launch first India-specific route next week
      230 27 Business Line [MADRAS] Danish shipping major Maersk Line will launch its first India-specific trade route next week. The arrival, on June 19, of Paris Maersk, its 48,870-dwt container carrier, at the Nhava Sheva (also known as Jawarharlal Nehru) port, will herald
      Business Line  -  230 words
    • Article
      Lock icon Exxon loses court bid on Valdez
      221 27 Bloomberg Business News [WASHINGTON] Exxon Corp has lost a long legal fight at the Supreme Court to avoid a federal court lawsuit by more than 100 insurance companies that want to avoid paying damages for the 1989 Exxon Valdez oil spill. The Supreme Court
      Bloomberg Business News  -  221 words
    • Article
      Lock icon Canadian ports to be streamlined
      123 27 Knight-Ridder [WINNIPEG] Transport Minister David Anderson announced the Canada Marine Act in the House of Commons on Tuesday, and if all goes as planned, it wiH streamline the Canadian port system by privatising large portions of it. The legislation will put into practice the National
      Knight-Ridder  -  123 words
    • PORT Shots
      • Article
        Lock icon Wharf unit records traffic growth of 5%
        77 27 Bloomberg Business News [HONGKONG] Modern Terminals Ltd, the container terminal operator controlled by Wharf Holdings Ltd, saw traffic grow 5 per cent in the first three months of 1996 over the same period last year, the Chinese-language Hongkong Economic Journal reported, citing chief
        Bloomberg Business News  -  77 words
      • Article
        Lock icon China box maker makes US$5m gain
        113 27 Bloomberg Business News [SHANGHAI] China International Marine Containers Ltd, the world's second-largest container manufacturer, made a US$5.4B million (557.7 million) gain on the sale of a 40 per cent stake in one of its subsidiaries to Japanese investors. In a statement, the company said
        Bloomberg Business News  -  113 words
      • Article
        New jetty to raise Kandla's throughput
        50 27 [NEW DELHI] State-owned Indian Oil Corporation (IOC) has opened a new oil jetty at Kandla which will enable India's busiest oil port to handle an extra two million tonnes a year. A memorandum of understanding will be signed soon between lOC and the trust.:
        50 words
    • Article, Illustration
      Lock icon In search of safety's holy grail
      957 28  -  US AVIATION EXPERTS SAT: THE RISK OF FLYING IN JETS IS INFINITESIMAL Worried passengers ask which of the firms operating those metal tubes, which hurtle through the air at hundreds of kilometres an hour, is the safest but no one knows and, in any
      NYT  -  957 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      301 28 PAGE Eurohans 6 iq Evergreen 6 ami 3 Ever prime 13 13 It Famous 7 Accord 12 Ee«*ftrans 13 Ahrefifcte! 4 FL-Bright Appenship 4 FoongSun 12 Astro 3 FrotJ '2 Austral 11 FrtWortd Avant 6 c Liflk 5 Bsa 7 Gemartrans 13 Batammdo
      301 words
    • Article
      SHIPPING GUIDE
      15131 34 EXPORT ETA ETA Advortistr VMMI Voy aq* Telepfion* ETA ETA Advartisar Vassal Voyaqa Talaphona SIN Dost'n Nam* Nama Numt>»r Numotr SIN Oostn Nam* Nam* Number Number s I N/06 10/07 NYK LEVERKUSCN EXPRESS 30WD24 65 2****** To ABIDJAN fARJl ?noi To BRISBANE (BNE) 2058 sss""""' r sirr sassr
      15,131 words
    • SHIPS IN PORT
      • Article
        CONVENTIONAL WHARVES
        698 41 Vmd VoyWo Btfth Arrival Depart lira JM|M NMiTN *571 m Monqud* 16 06/2)00 M>lru«l ***** J01 13 06/0*00 MutUri ***** JOI <wpMi 13.06/0900 CM HaOT 147 JO ikwqiM* 16.06/2000 Chan taM a J04 '3 06/060C EHMt|M 1 JT5 jnonqsidt 16.06/2300 MMM J13 Mngudt U 06/1400 Ut It* 9624
        698 words
      • Article
        CONTAINER SCHEDULES
        1739 41 RECEIVING Of EXPORT Fa CONTAINERS AND LCL CARGO Booking/Mane* Rstls Ship Voy Mo Ett/ttr Portod From To Fro* to Clmr OMI M/21M M 12/1500 12/HM 12/7100 o/Mi 12/1*00 2* 12/1700 OMH U/0*00 it amo a/out u/o*oo J ivoToo tym MM 4 13/1200 U/MM U/T700 ixoT iv*oc u 12/1500
        1,739 words
      • Article
        COCKETT BUNKER MARKET REPORT
        875 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
        875 words
      • Article
        GLOBAL HOLIDAY
        494 41 JUNE 13 Portugal: Saint Anthony, market holiday only in Lisbon. JUNE 16 South Africa: Youth Day. JUNE 17 Hongkong: Monday after Queen's birthday. Colombo: Sacred Heart. South Africa: Public holiday. JUNE 20 Hongkong. Tuen Ng Festival. Taiwan: Dragon Boat Festival. JUNE 21 Fi/ifa/id.- Midsummer's Eve. JUNE 24 Argentina:
        494 words
    • AIR & LAND TRANSPORT NEWS
      • Article
        Qantas, BA adding new destinations, improving services
        364 42  -  Move made possible by cost savings from merger of operations in Singapore and Bangkok By' Yong Mei Fong [SINGAPORE] Qantas and British Airways are using the cost savings from the integration of their operations in Singapore and Bangkok to add on new destinations
        364 words
      • Article
        Lock icon Tokyo remains as the world's most expensive airport
        295 42 Reuter [LONDON] Tokyo's Narita airport has the world's most expensive airport charges, followed by New Jersey-Newark and Chicago, a study by Lon-don-based transport consultants Symonds, Travers Morgan published on Tuesday shows. The 40 airports covered in the seventh annual edition of the
        Reuter  -  295 words
      • Article
        Lock icon American-BA proposed link will top global airline alliances
        256 42 Reuter [LONDON] The broad alliance announced on Tuesday between British Airways pic and AMR Corp's American Airlines will be the largest in the current wave of linkups between major carriers. Over the last two years, the number of alliances in the industry
        Reuter  -  256 words
      • Article
        Lock icon BA may link with S Africa's Comair
        77 42 Reuter [JOHANNESBURG] British Airways pic is to link up with South Africa's largest independent carrier Comair, industry sources said. Comair was to hold a news conference yesterday at which details of the agreement be- tween the two airlines are expected to be announced.
        Reuter  -  77 words
      • Article
        Lock icon Indonesia's state firms invest 73b rupiah in Suharto's jet company
        234 42 Jet firm setup in Feb to build Indon-designedjet AFP [JAKARTA) State firms grouped under the Indonesian agriculture ministry have invested 73 billion rupiah (Ss44 million) in an aviation company set up privately by President Suharto, a press report. The firms
        AFP  -  234 words
      • Article
        Lock icon S Korea, China to discuss troubled aircraft deal
        321 42 Reuter [SEOUL] South Korea and China will hold talks in Beijing this month to try to settle differences over a joint project to build a mid-sized airliner, Seoul officials said on Monday. The two countries agreed in 1994 to develop a 100-seat
        Reuter  -  321 words
      • Article, Illustration
        Lock icon CPA to fly direct from Hongkong to New York
        383 42  -  Special promotional price of HK$6,BBB for tickets issued before An* 31 By\ Rahita Elias [SINGAPORE] Hongkong's Cathay Pacific Airways will latinch a direct service between Hongkong and New York on July 1. Patrick Yeung, the airline's country manager for Singapore, said
        ARTHUR LEE  -  383 words
      • Article
        Lock icon Daewoo to invest US$6b in car plants abroad
        216 42 Reuter [SEOUL] South Korea's Daewoo Motor Co will pour up to US$6 billion (518.5 billion) into overseas plants in the next two to three years in order to meet its ambition to be a big player in the world car industry, its
        Reuter  -  216 words
      • LOG Book
        • Article
          Lock icon Air China to treble flights to Australia
          72 42 Bloomberg Business News [MELBOURNE] China's state-owned airline Air China will treble its flights to Australia by the end of October, its president Yin Wen Long was reported as saying by the Victorian state government. The government said that during a visit to Melbourne
          Bloomberg Business News  -  72 words
        • Article
          Lock icon Chinese pilots must speak English
          87 42 Reuter [BEIJING] Chinese pilots and their ground controllers must speak to each other only in English from 1906, the Civil Aviation Administration erf China (CAAC) announced on Tuesday. The measure is aimed at bringing (light conversations into line with international practice, Chen Xuhua, a senior
          Reuter  -  87 words
        • Article
          Lock icon Uzbek airline to fly to Beijing
          62 42 Reuter [TASHKENT] State Uzbekistan Airlines and Romania's U Tarom will start flights on June 15 between Bucharest and Beijing, stopping in Tashkent, Interfax news agency reported on Tuesday, quoting Uzbek airline executives. Uzbekistan Airlines already flies to more than 20 countries. The Central Asian
          Reuter  -  62 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1595 42 CITY FLIGHT ETA FLIGHT ETC Hat Yal TG407 2105 TG408 0820 AfcaPfcaM S0441 BIO »«95 2145 MI896 1805 AdalaMa S0230 1830 0F82 2055 Of81 1930 HoOHMInli VM741 1310 S01T2 0930 Amsterdam HLM3 0455 KL838 2300 *0™ JJ® V 740 M1 S0/DL25 0650 S0/0L26 2355 190 I
        1,595 words
  • Page 27 Advertisements
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      Page 28 Advertisements Column 1
      1479 28 wwmmmmmmsx I OTHER DESTINATIONS I NORTH AMERICA I TO WEST COW 1 gmOAPOHg CALffOBMU gXPHtSS (MRECT FWOM WOT COASI) msa wr mat bosh u m** m m mm ok kt —a)on vcsa ml mi ywf 1 yot u* wp" I "fWY" WHV i ■antra* m m/m m/m m/w v/m m/w
      1,479 words
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      Page 28 Advertisements Column 2
      225 28 Lines services represented MwT r s of the Registry o« Membersolthe Accrued Shippng Agents, Singapore Freight Forwarders' S pore National Shaping Assoc Association. ShippingTimesOnune Just talk to us... Iris Lim 740-2044 Tan Lip Chuan 740-1645 «Jarrod Leong 740-2089 Philip Koh 740-2382 I JgHHBBHk J S-pore PXeteng LoacNngFor AURORA 15/06 RdnrVAtWBrrWUK
      225 words
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      Page 29 Advertisements Column 1
      1146 29 PAQRC SOUTH WIST BffRBS (MKICT) Iwr I m |g»m I sure lux m |wn| ot wrc 1 a hou Imml sm m nm nm mm n/v mm n/v m/v m/v m/v m/v mm mmmm ma u7m Wm~ gg JSRT ~Wv~ iw ~Wv~ 11/17 li/y it/iy \\/v IT7v~ mom »wi nm
      1,146 words
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      Page 29 Advertisements Column 2
      1764 29 H ANJIN SHIPPING I USA CANADA' I""**/*" gS I \*a \m m top 101 wt m m <wi «m <os mtc |~om~ rn m w m tb~H MIOOTWO Wg 11/ M 13/ M 04/07 M/ 07 gg W/17 05/07 07/07 M/ 07 .M/ 17 M/ 07 07/07 M/ 07 M/
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      Page 29 Advertisements Column 3
      359 29 export' 3 iopon 2 1 Hongkong 1 Mon.lo 1 Kooshwng K««»ung Kl to WCK NAHA SEND At CERU ICH VIIHI VW m WHJW[W|M44W»mfIMITV6Y<VtM2H6o6Uu^ JflLflflm 114—1UIZ—11M= ILH_ JAIL tut HO ait &M VM Mum 9* »7M~ 14J>* U* 21M MM MM VM WM JOJItf MM 11M 1W lift JUL TIM MM
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      Page 30 Advertisements Column 1
      1672 30 KHfi VOT HAM KIMM ART Utt STON PKRARG SM HKG KAO IYO SM KOK RA6 ■aiwumtm osm) ~~w7s~ -~ws ivt ivt w/T 1W 177* ij/T gragu«| ixtm n/s ?vs ?ys ls/t i*/t ?i/» ;;/t H/t w* tvt <40?l__2y 7LS m 17/t 30/4 74/4 JBMSIAT OIEOI ?4/5 ?4/5 n/S »/t ?Vt
      1,672 words
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      Page 30 Advertisements Column 2
      1285 30 I NORASIA I VESSEL VOY SIN QOA LAS BCL VAL ALQ ROT ANT FEL LMA J NOfl FRIBOURG *2« 3 2680 «*7 IM7 0787 1787 1087 1187 1287 1287 lit 7 NOR HONGKONG 3 17*7 I*o7 ?«7 2087 1887 IM)7 1407 2187 NOfISHAAjAH *26-3 0187 IM7 ZMJ7 M«7 3107 02.08
      1,285 words
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      Page 30 Advertisements Column 3
      679 30 I /VOffTRANS TEL 65-*****67 FAX: 65-*****90 Regular Umt Sonrtco Ti ft UwCUb| Multi-Purpose RO/L0 Carrier Accepting RO/RO, Ramp Capacity opto 40 tans Heavy lift opto 68.5 ton Conventional/ Break kit /Contamer/Reofers Contamen Thai Flag Status Asia t«yrm V.24A SAIIiD IN PORT SAHtD 1 *-20/04 Asia Express V.2SA 18-20/06 23-25/04 25-26/06
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      Page 31 Advertisements Column 1
      1091 31 H H STRAITS SHIPPING PTE LTD 10 Ho« Chiang Road #11-01 K«pp«l Towers Singapore 0208 Tel: *****88 Fax: *****17 Milß iiimt fftMutiwiiiun ttpm/t IURIIHIK ffIMTAIMBB UftVlfl jpMWIf w pIIIMWP %"WwKWiiwwAl> #EKTi\t WWIWIK VviiiAIWKK jlwfivl Ivtssa VOT nTT i S I |VB» VOT |sW6Afotl woo* smnswort mm I lt/ot I lvot
      1,091 words
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      Page 31 Advertisements Column 2
      1209 31 ALSO ACCEPTING TO ODESSA VARNA AND CONStANTZA VIA UMASSOL ALSO ACCEPTING TO TRIPOLI BENGHAZI VIA GENOA ALGIERS VIA MARSEILLE. Ifln MKmm+mim OhIWMtM Mn/Ukr Mv: MK4I/M4 tOHOtt OffKl *f*r D*t: Oprwnm iCOSTAR SHfrfING fTFLTD JESSfcovm** ****«*> c, im > mmm conuuatanmiummm («m>s«-m.-titun cutmu imns umwiw mu.mmcob* tsrm*m-Mttm-t mstis ui/siMitt/u/ trssMin 4»s/m
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      Page 31 Advertisements Column 3
      584 31 owouwd ft ta s* m wo a «grw rot M. SSL koi «ooj l tkc nkt au ws mwmps* *«m _ml JML JLSL J3BL tvo4 wh 'vm I I nni mi v/n wwvi/m jjAjiaLjMt wm JUSL jm.JMLJMLJIM.jsm I I mow/mm 14/D4 17/04 n/04 70-71/14 k/h v/% hm 07/07 03/07 ovo7
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      Page 32 Advertisements Column 1
      1236 32 EUROPE/UK/SCANDINAVtA/FINLANO/RUSSIA S6P ROM ANW HBG THP IHV LHV TMP ROM ANW HOG PKL S6P I. ROYAL RW-020 10* 0/7 13/7 VI 11/7 13/7 GIFTED RE 064 20/5 23/5 21/9 24* 25/5 17/6 1M I. REFINE RW-000 22Jt 11/7 17/7 13/7 IV7 17/7 f GUARD RE-070 0 30/5 21/5 1« U%
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      Page 32 Advertisements Column 2
      1022 32 VISSU VOYAGf SGT DM AMI DM UH IWI 111 VtSStl VOTAGi DUI AMI MM MM SCP I ÜBCOKBT WOtOTMf IM* 7V» JVM 7S/M N/M H/Ot 7t/U IDM CHAT *****30( 02/ M OVM M/M 05/04 17/04 UW COMCOH) 0«070?1W M/M 30/04 01/07 02/07 03/07 03/07 03/07 lUM ONWMO 0404 070 C
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      Page 32 Advertisements Column 3
      739 32 fZT] RICHFIELD MARINE AGENCIES (S) PTE LTD TEL: *****33 (12 LINES) \SL FAX: *****15/*****03 [Hi TELEX: RS ***** RtSHIP (3 Lines) CR NO: **********0E m ETHIOPIAN SHIPPING LINES Y (National Lbes of Ethiopia) ACCEPTING FCL AND CONVENTIONAL Vaaaii Voy iTA Loading tor Andkirf 44 WB 16/07 Abyot 45W8 10/06 Mombasa,
      739 words
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      Page 33 Advertisements Column 1
      654 33 BSfl H M MYANMA WHBk FIVE STAR UNE •W (Myoanor National Lint) V loading fof Yon gen (Rongoon) Vtisa VOT SM KG KM PGU NP)I-AM JI4W MPT m 134W 17/0* fc MALAYSIA AOMTS: MUSTIAO SHIPPING AGiNOtS Kit: TH 02-03-*****00 Ml; TH 02-03-37M101 PCti Til 07-04-1****** PGO: TQ 02-07-2512J21/4 BANK LINE
      654 words
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      Page 33 Advertisements Column 2
      1008 33 HYUNDAI MERCHANT MARINE CO. LTD. WESTBOUND TO EUROPE BKG: *****61 NIA PB I PGO VtSSK/VOT VOT SI WM AW UH I HAA Mil W 12/04 14 04 15/04 H. MNOVAIOt 12IW 17/04 05/07 07/07 09/07 07/07 07/07 09/07 19/04 21/04 n/M H. (XflOtll 3JJW 24/0* 12/07 14/07 l*/07 14/07 14/07
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      Page 33 Advertisements Column 3
      424 33 J CHINA FOR ENQUERIES BOOKING /fig CALL OUR HOTLINE AT JJT" *****33 SUZANNAH ALVIN JiSSk. GLOBEUNK FORWARDERS PTE LTD IMSM TEL:*****33 (16 UNK9) MX: *****36/*****42 TLX: J» ***** ACT ■im. w P#OL- f03J*****«7 JB: (07) *****87 (3 IMBS) BANDUNG: *****7 PBAfc *****4/V37MO JK7> *****00 SURABAYA: *****48/*****86/*****51 Vy CS No. **********0
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      Page 35 Advertisements Column 1
      45 35 To retrieve more schedules, just follow these simple steps... document 740-6000 tep be faxed M M the port your e V/m e P "^P our number M digit code Key in your Example: —I—. fax number To HAMBURG (HAM) 2150 for calls within Singapore GeftHHliy
      45 words
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      Page 36 Advertisements Column 1
      207 36 MANILA vtssa voyage itam I n*rou n>ma "wa ini Etasm hapgu I ikS 1 UNO OCEAN 4000 M/OXFtn IS/OXSAT) ?3/04(SUM) WfW HAIHUWG >004 ?1/04(H1) 22/06tSAI) 10/oif^P' ymmsAcmA sih is/oxsati ii/oxtuo mi wwotm wist 22/04 (sat) 2s/oom^^ imo OQAH >001 U/04QUE) H/QXSUN) HAIHUNC 6005 25/04 (TUT 10/0* (SUM) PORL KILANG PiNANO
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      Page 37 Advertisements Column 1
      520 37 Tropical ia kl to Carioboon A Control. METTIE MADISON MAERSK96O6 MAfRSK 9605 Port Country 11/06 08/06 BeliieCity Belize 15/07 22/07 Bridgetown Barbados 18/07 25/07 Cartogeno Colombo 17/07 24/07 Cailriej St. Lucia 17/07 24/07 Forf da Franca Martinique 18/07 25/07 Freeporl Bahamas 13/07 20/07 2EsMor JamaKO 15/07 22/07 Aeiwle a Pitre
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      Page 37 Advertisements Column 2
      1327 37 ADVANCE CONTAINER LINES (PTE) LTD AP I 140 Odl Street, #12-00, PtL Building, Singapore *****0 AA Li TEL: *****21, FAX *****19, TELEX RS ***** ACLPL CR NO. **********0E ■AWOKOK JAKAKTA (StalHngi/WerttoPAT. 2 SaMeai li IMT 2 tdHnp M LCM) (4 SellleM/WMk) popTAtm>o|tfffi||yi""» VESSEL VOY «N HOC UH VtSSa VOY SW
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      Page 37 Advertisements Column 3
      894 37 **********0Z VESSEL VOY SIN DOMtTT* LE HAVRE HAMBURG THAME3POHT ROTTERDAM ANTWERP WLLEDECAMNA CI 9M 1&06 01/07 06/07 10*07 12/07 13/07 IVO7 WJ-E OS SAOfTTA SIS* 25/06 08/07 IVO7 17/07 19*07 20/07 22/07 WICK NORMA NISW 02/07 13/07 24/07 26/07 26/07 30/07 VU-E DE QEMXA HI WW WO7 2W7 30*07 31/07
      894 words
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      Page 38 Advertisements Column 1
      1542 38 MMfc ad— —111 Mil—— vessel VQY SIN jkt ivmo. vov SW ~pjN i^w wccccT Snv rr OURU BHUM 2658 51 15/08 Tu* 18/06 JARU BHUM 6706 15!! W 8,1 15/0< BMATRA BHUM 883 Moo 17/08 St 22/06 B.MAS QUA 8068 5i !**s Tu» 16/00 H YANTRA BHUM 140N Thu In
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      Page 38 Advertisements Column 2
      671 38 11 DUXTON HILL, SINGAPORE *****5 CR **********0N STRAITS SHUTTLE SERVICE PORT KLANG PENANG vEssa dw I sw I m vtssa I vot I sa» ra SIMM* H034 14/PtHB 14/OtSUW BttV *007 12/0t WH) 14/MFB samna wm ivotvu it/msw mmc ton u/atnt it/ot sun MM *035 17/DtMOM H/OHWH) BttV HOM 1//XH
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      Page 38 Advertisements Column 3
      255 38 *09-00 NEHSONS BUILDING 24 PECK SEAH STREET SINGAPORE *****4 H lOOIOMQWHQU—M CD NO: **********0W TEL: 323 1133 FAX: 221 4053/sfi/58 vtssa vor sweu swetv kstwaiion SUN ROW 11/H MfORT 15/06 PLAJU/MBttANG sunpwki IS/H 21/06 23/04 fwimwrn GULF KHALJO 10/H 20/04 22/04 KNGKUUI/MMNG NGDUKI 13/H 19/04 71/06 JAMIU/NMNG AG& 10/H 25/04
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      Page 39 Advertisements Column 1
      654 39 f AG SINO EXPRESS SHIPPING (PTE) LTD. V MM I 11 COLLYER QUAY #06-01 THE ARCADE SINGAPORE *****7. f TEL: *****00 (4 LINES) FAX: *****08 TLX: R*****1 SINOEX SINOTIANS SHANGHAI (CONTAIN!* SHVICI) Also occepting contoiner cargo fo: VBStIAOY ETA SIN ETAHKG ETA SHA W/T HKG: Beiiioo. Chiwan. r JINFU 9609/9610
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      Page 39 Advertisements Column 2
      754 39 \WLAM MN CONTAINER LINES, INC I Agents: MAC-NEUSPOUE: *****22 (24 LINES) Kucwe ,(»|*****3 Ux/XzJ 9®U:(064)*****9 MAMLA: (632) *****61 PENAM6: (04) <***** BANGKOK: (662) 23*667 SURABAYA: (31) *****0 P. KELANQ: (03) *****77 JtCT (21)*****07 MOW: (61)*****3 BANDUNG: (22) *****96 20TH ANNIVERSARY OFFER:-(Lowest-Lowest Rates) PEM/PK SIN HONG KONG 15/6 16/6 mv "WAN
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      Page 39 Advertisements Column 3
      327 39 ATTRACTIVE FCL/LCL RATES TO: Indian Sub-Continent Ports MADRAS/BOMBAY/ CALCUTTA COLOMBO CHITTAGONG NHAVASHEVA IWENDER CONTAINER LINES ENQUIRIES BOOKINGS PLS CALL TEL: 224 6744 > O.K. LINE FULL CONTAINER SERVICE S'PORE/JAKARTA VESSa VOY SIN XI ran 16D6 I&Q6 TAMBANG VM 7305/7306 21/06 S'PORE/SURABAYA/SEMARANG VESSEL VOY SM SBY SRG TW-2 17A» 2WJ6 TBH-1
      327 words
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  • Page 40 Advertisements
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      Page 40 Advertisements Column 1
      450 40 SHIPPINGTIMES BUSINESSCENTRE ADVERTISING THAT DELIVERS YOUR B U I NESS FACTS THROUGH THE FAX JUST CALL 740-6000 j sFFALooisncs I ocl ?£ff? MANAGEMENT COURSE 8006 J KEEP APACE WITH THE DYNAMIC i S 1 CHANGES IN DISTRIBUTION.' >, f r iflj Global sourcing, distribution and competition have led J business
      450 words
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      Page 40 Advertisements Column 2
      372 40 J ——j TEAMWORK is when everyone :i" 9 oal A quality which has been m The Total Transportation People m M w*• I. embraced by all at Visa Freight Transportation J'« —I jyPMaP ESTABLISHED $**C£ I—4 J MB VISA FREIGHT SERVICES PTE LTD JSSSSfL I j lOAnsonfW #2009 lntenxJtkxx*PkroS*\gapote *****3
      372 words
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  • Page 41 Miscellaneous
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      Page 41 Miscellaneous Column 1
      125 41 LEGEND; 5 Thunderstorm Temperoture c A y Shower Weother Wind drcction with sp«ed in knot* Root V_y Goody Sky Wov Swfac* winds or« indicated by orrows wfadi Hy wrtfi tit* wind One tui crcte represents cobn or Kght and variable wind* i__ On. half Heche represent* 5 knot* L— On#
      125 words
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