The Business Times, 4 March 1993

Microfilm: NL18518
Total Pages: 48
1 48 The Business Times
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  • Title Section
    Masthead
    11 1 Business Times MITA (P) 552/12/92 Thursday March 4 1993 WE'KNOWASIA 75*
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  • 2am LATEST
    • Article
      Lock icon Russia-Ukraine arms talks deadlocked
      75 1 AFP MOSCOW Moscow yesterday threatened to disavow responsibility for strategic nuclear missiles in Ukraine and accused Kiev of intransigence in talks on transferring the weapons to Russia in line with international treaties. Russia also denied that it is seeking to reassert control over the former Soviet
      AFP  -  75 words
    • Article
      Lock icon Nestle wraps up takeover of Perrier
      60 1 Reuter BRUSSELS Swiss food giant Nestle wrapped up its takeover of the Perrier bottled water group yesterday when its offer to sell other big mineral water brands like Vichy in the name of fair play won European Commission approval. Nestle spent more than a
      Reuter  -  60 words
  • Article, Illustration
    MARKET SUMMARY
    111 1 Stock market indices Wednesday Change STII 1.652.05 -0.76 KLSE Composite 636.44 -0.56 Nikkei 16.853.92 -10.33 Hang Seng 6.436.64 +92.41 SET Index 905.99 -16.49 Jakarta Composite ...302.08 +1.24 CLSA China B 1,571.87 -17.23 Aust All Ord 1.626.1 -18 9 FTSE 100 2,918.6 36.3 Wednesday Previous I lam dose Dow
    111 words
  • Article
    6 local banks, Goldman Sachs to handle S'pore Telecom float
    816 1  -  By R Sivanithy, Chuang Peck Ming SINGAPORE A consortium of six local banks and Goldman Sachs, the American investment house, were yesterday awarded the job of handling the flotation of Singapore Telecom, the largest public listing yet in South-east Asia.
    816 words
  • Article
    Keppel profit up 14pc, setback for Singmarine
    535 1  -  By Rahita Elias SINGAPORE Home-grown conglomerate Keppel Corp yesterday announced a 14 per cent rise in net earnings to 5165 million, and said it expects earnings to grow 10 per cent a year over the next five years. Speaking at a Singapore Society
    535 words
  • Article, Illustration
    Oei Hong Leong tells where his heart belongs
    426 1  -  By Amy Balan OEI Hong Leong. Singapore's star deal-maker through the 1980s, shifted his business base to Hongkong some two years ago. But in his wallet, he keeps a carefully folded currency note a Singapore SIO,OOO note. The Indonesia-born and China-educated Oei.
    426 words
  • Article
    HK Budget calls for HK$23b tax cuts, major spending
    676 1  -  From Catherine Ong in HONGKONG THE Hongkong government yesterday announced tax cuts totalling HKS23 billion (SSS billion) and major capital spending programmes in a Budget aimed at easing political pressure to reduce its hefty fiscal reserves. The expansionary Budget was expected,
    676 words
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      112 1 i Bu rberrys MEG J Reigns when it pours CONTENTS Mews Companies Spore News 2 Sparetfsia ...9.11.12 Regional News 3.4.6 Financial 13,14 World News 8 Features Markets Analysis 27 CW>,KLS£. SES 19.20 Editorial 26 Regional 17 Sports 21 World 18 TV/Litetyte 23 Currencies 14 Regional Focus 7 Swex/Commo ...15.16 Subscription
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      6 1 Law Page Shareholders' voting rights Pg2s
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      27 1 Hock la>cU. Siew Indicator of trends in finance industry P* 9 Rest of the results, Pg 4 Hock I>ock Siew: What Kcppel Finance results mean, Pg 4
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      14 1 The Bottom ge Mar 199s g) Major should <GlijfiUi Back Pg Analysis, Pg 27
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      116 1 UK-China talks AFTER several false starts, the long-awaited negotiations between Britain and China over political reforms in Hongkong arc finally set to begin, says a Hongkong legislator who has made high-level contacts with government officials in China. See Back Pg HKx* 7 HP p. sole Morl#» Marketing Pte Ltd 734
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      52 1 J M I 368 Money in HK's kitty CHINA has long feared Britain will bankrupt Hongkong before it quits the territory. But Financial Secretary Maclcod put the (car to rest in his Budget yesterday, saying Hongkong's reserves will stand at HKS7Bb. three times more than what Beijing has demanded. See
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  • SINGAPORE NEWS
    • eye on the ECONOMY
      • Article, Illustration
        Lock icon February a busy month
        366 2  -  By Magdalene Ng ARE there too many jobs chasing too few people in the executive job market? It dppears so, going by the volume of advertisements in The Straits Times Appointments section last month. The number of ads from the banking/finance and building sectors almost doubled
        Source: ST Appointmarts/Notices  -  366 words
    • Article
      Trading firm to invest in China
      145 2 SINGAPORE trading firm JIT Corporation plans to invest in property development projects in the Chinese cities of Shanghai and Yixing and wants other local companies to take part. JIT president and chief executive officer William Lee said yesterday the company aimed to develop a
      145 words
    • Article
      Publication to help taxpayers
      171 2 THE Inland Revenue Authority of Singapore (IRAS) will launch a publication today to help taxpayers interpret local tax laws. Writing in the first issue. Commissioner of Inland Revenue Koh Yong Guan said the publication, Iras Compass. will address the need for greater clarity and certainty in
      171 words
    • Article
      Hu explains why subsidised medical services will not be exempt from GST
      612 2  -  By Anna Teo SUBSIDISED medical services should not and will not be exempt from the Goods and Services Tax, Finance Minister Richard Hu said yesterday. Subsidies for health care, education and housing are a matter of social, not
      612 words
    • Article
      Tax changes affecting individuals
      725 2 IRAS^ IN HIS 1993 Budget Statement, Minister for Finance Richard Hu announced three tax changes which will affect individual taxpayers for the Year of Assessment 1993. They are: i) The 5 per cent individual income tax rebate: ii) Separate claims for enhanced and other type of
      725 words
    • Article
      Unilateral tax credit for dividend income covers overseas branches
      309 2 THE unilateral tax credit for dividend income will also be given for overseas branch profits, the Ministry of Finance has clarified. This means that it will not matter whether a Singapore company invests abroad through a subsidiary or a branch, the
      309 words
    • Article
      Plan to exempt manufacturers from GST on some materials
      328 2  -  By Lee Han Shih THE government will introduce a scheme to exempt manufacturers from paying the 3 per cent goods and services tax (GST) on some of the materials used for their made-in-Sin-gaporc exports. The scheme, disclosed by Finance Minister Richard
      328 words
    • Article
      Shell to build $160m environmental facility on Bukom
      225 2 SHELL has commissioned a Sl6o-million environmental facility for its Bukom Refinery Complex, its biggest so far in a series of environmental investments this year. The latest facility is a gasoil hydrodcsulphuriser unit which will allow the refinery to lower its average gasoil
      225 words
    • Article, Illustration
      Three new franchises launched at EDB seminar
      412 2  -  By Hong Lee Tiam THREE new local franchises were launched at a National Productivity Board seminar yesterday, bringing the total so far to nine. Medicine East Pte Ltd, Sports Stop Boutique Pte Ltd and Guardian Pharmacy launched their concepts before an audience of
      412 words
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      63 2 Bank Location FOR SALE I Bank of New Zealand House 333 George Street, Sydney, Australia i Rarely, does an opportunity to M 'nvestor w partial w For further information contact the fl Hag HnM H H Jim Williams Corinne Koh w flj jtl* wIPrS B W Floors Hong Kong Bank
      63 words
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  • THE REGION
    • Article
      Lock icon Moscow vows support for nuclear-free South-east Asia
      308 3 Russian Vice-President's visit to Malaysia AFP KUALA LUMPUR Russia has reiterated its willingness to participate in and serve as a guarantor for any regional agreements that would establish a nuclear-free South-east Asia. "We will vote with both hands raised for proposals on collective
      AFP  -  308 words
    • Article, Illustration
      Lock icon Moscow offers to sell KL more arms after upgrading jet package
      412 3 AFP. AP KUALA LUMPUR Moscow has offered to sell sophisticated guns, tanks and submarines to Kuala Lumpur after upgrading a package to sell fighter jets. Malaysian Defence Minister Najib Tun Razak said yesterday: "They have invited a Malaysian armed
      AFP.; AP  -  412 words
    • Article, Illustration
      Lock icon Free market reforms won't be scuttled, says Rutskoi
      223 3 Reuter, AP KUALA LUMPUR Russia will not allow "romantics" to scuttle reforms to transform the country into a free market economy. Vice-President Alexander Rutskoi said: "Reforms will be implemented. There are some people in Russia who like to create problems and then
      Reuter,; AP  -  223 words
    • Article
      Lock icon Most Indon lawmakers favour limit to presidential term: poll
      418 3 AFP JAKARTA More than half the members of Indonesia's national assembly believe a limit should be set on the number of years a president can remain in office, according to a poll published yesterday in Tempo magazine. The 1,000-mcmbcr People's Consultative
      AFP  -  418 words
    • Article
      Lock icon Kelantan Sultan says he was not agreeable to amendments
      533 3 Bernama KOTA BARU The Sultan of Kelantan was not agreeable to the Constitution (Amendment) Bill 1993, and he indicated this in the proxy he gave to the Sultan of Kedah before the 160 th Conference of Rulers meeting. The Sultan of
      Bernama  -  533 words
    • Article
      Ramos yes to filing of graft case against 2 US firms
      305 3  -  From Al Labita in MANILA PHILIPPINE President Fidel Ramos yesterday approved the filing of a bribery case against two American firms involved in the construction of the US$2.3 billion (Ss3.B billion) nuclear plant in Bataan. 123 km north-west of
      305 words
    • ASIA NOTES
      • Article
        Lock icon Taiwan president apologises for defeat
        120 4 AFP TAIPEI Taiwan President Lee Teng-hui yesterday apologised for the ruling Kuomintang (KMT) party's recent by-election defeat in the offshore county Penghu, following criticism from a hardline KMT leader. Mr Lee told members of the KMT Central Standing Committee (CSC) he was greatly concerned about
        AFP  -  120 words
      • Article
        Lock icon China's electronics import surges
        88 4 Bloomberg Business News BEIJING The flood of foreign investment into China last year drove up the country's imports of machinery and electronics imports by 37.9 per cent to U5534.89 billion (5557.2 billion), the China Daily reported yesterday. The officiat paper said foreign investment ventures accounted for
        Bloomberg Business News  -  88 words
      • Article
        Lock icon Taiwanese overseas travel jumps
        64 4 Reuter TAIPEI Overseas travel by Taiwanese citizens increased 25 per cent last year, boosted by the island's economic boom and growing contact with China, the Tourism Bureau said. Taiwanese made 4.22 million trips abroad in 1992, up from 3.37 million in 1991 and just 1.06 million
        Reuter  -  64 words
      • Article
        Lock icon Suharto, Try get clean bills of health
        95 4 AFP JAKARTA A medical team has declared Indonesian President Suharto and former military chief Try Sutrisno, a nominee for the vice-presidency, both fit and able to lead the country for the next five years, a press report said yesterday. The Jakarta Post said
        AFP  -  95 words
      • Article
        Lock icon New bridge to join China, Russia
        79 4 AFP BEIJING China and Russia have agreed to build a bridge connecting two border cities as trade across the frontier surges, the Xinhua news agency said yesterday. Joint survey work had already started and the bridge, with total investment of 200 million yuan (Sss7
        AFP  -  79 words
      • Article
        Lock icon Power cut blacks out Bangkok
        83 4 AFP BANGKOK A massive power cut brought the Thai capital to a standstill for more than an hour early yesterday. The whole city of more than six million people was blacked out at 9.30 am (0230 GMT), officials of the Electricity Generating Authority of Thailand
        AFP  -  83 words
    • Article, Illustration
      Healthy finances add HK$6.8b more to HK coffers
      459 4  -  HK Budget Fiscal reserves expected to hit HKs7B.4b at end of 1996/97 From Catherine Ong in HONGKONG HONGKONG'S colonial government yesterday said healthy finances have enabled it to leave HKS6.B billion (SSI.4 billion) more in the territory's coffers before it hands over
      459 words
    • Article
      Lock icon China opens its huge oil market through swop plan
      547 4 Reuter SINGAPORE International oil companies will be able to enter China's huge refined product market through an oil swop plan with a new state company in Beijing, the company's president told Reuters. "Through our oil swop programme, we can help the
      Reuter  -  547 words
    • Article, Illustration
      Lock icon Kohl urges South Korea to work towards unification
      406 4 Reuter SEOUL German Chancellor Helmut Kohl left for Moscow yesterday after touching on the pain and triumph of German reunification and urging South Korea to keep lines of communication open with the communist North. Mr Kohl wound up his twoweek visit to
      Reuter  -  406 words
    • Article
      Lock icon S Korean president orders sweeping measures to deregulate economy
      203 4 AP SEOUL New President Kim Young Sam yesterday told his Cabinet to come up with sweeping measures to ease tight controls on the nation's slumping economy. Mr Kim also moved loyalists into 50 key posts, including floor leader in parliament, to
      AP  -  203 words
    • Article
      Lock icon Chinese help sought in N Korean harassment
      204 4 Reuter SEOUL South Korea has asked China to prevail upon North Korea to quit harassing the overseers from what was Czechoslovakia stationed at the Demilitarised Zone (DMZ), a Foreign Ministry official said yesterday. "North Korea has taken away (their) rights by preventing them
      Reuter  -  204 words
    • Article, Illustration
      Lock icon Indian farmers protest against Gatt
      389 6 AFP NEW DELHI Tens of thousands of Indian farmers, some driving tractors and pick-up trucks and waving flags, held a rally here yesterday to denounce General Agreement on Tariffs and Trade (Gatt) moves on agriculture. It was the first major show of strength in predominantlyagricultural
      AFP  -  389 words
    • Article
      Lock icon Aussie opposition advocates short-term cut in immigration
      396 6 AFP, Reuter MELBOURNE The integrity of Australia's immigration policy has been harmed by inefficient administration in the past decade of Labor rule, conservative opposition leader John Hewson said yesterday. He told a news conference for the ethnic media that the immigration policy of
      AFP,; Reuter  -  396 words
    • Article, Illustration
      Jannie Tay planning big property development on Gold Coast
      595 6  -  From Florence Chong in SYDNEY HAVING bedded down her upmarket watch business in Australia, Singapore-based businesswoman Jannie Tay is about to go into a multi-million-dollar property development. Mrs Tay. managing director of The Hour Glass group, plans to develop residential housing
      595 words
    • Article
      Lock icon Disagreement over tax cuts stalls Tokyo Budget talks
      305 6 UPI TOKYO The ruling Liberal Democratic Party and the opposition have failed to reach an agreement on an opposition demand for tax cuts, increasing the likelihood that parliamentary approval of the fiscal 1993 Budget will not be completed by the governmcnt-sct March
      UPI  -  305 words
    • Article
      Lock icon Team to study possible role in UN force in Mozambique
      111 6 UPI TOKYO A government leam departs toda> for Mozambique to explore the possibility of Japanese civilian and military participation in a I N peacekeeping mission amid conflicting stands on the issue b> the Foreign Ministry and the l*rime Minister's Office.
      UPI  -  111 words
    • Article
      Lock icon Public support for Miyazawa's Cabinet improving but still low
      221 6 AFP TOKYO Public support for the Cabinet of Prime Minister Kiichi Miyazawa is slightly up but still low, with dissatisfaction over its economic policies growing, according to newspaper polls published yesterday. The Asahi Shimbun said its poll conducted on Sunday and
      AFP  -  221 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      100 3 Who beats our $4,200 business class fare to Europe? jA No matter where you need to go in Europe, SAS can take you there. At a price that's hard to beat. Our Euroßudget fare 1 will take you to major business centres in Europe, including jj>9HUl£ Amsterdam,- Copenhagen, Hamburg, London,
      100 words
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      191 4 io million miles experience didn't guarantee them the job. V^W^^BK VP 11 /^^■■■^■■iM^-^ei*, Clocking up enough hours to have flown to the countries around the world. moon and back ten times is only the first requirement of So. on average, each any potential Emirates captain. Emirates crew speaks five If
      191 words
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      205 5 «j a J^m 4,. >]Pr v^vfE^H V*5ESs? v. **^§gfl v jl t%£* ■jl Idk i w SOIE AGET iT SERVICE CENTRE W "I<*l.*l I \l I"- SINGAPI >Pf PTE 1TD435 Orcha'd Road I ?0I WismaAfeio Singapore 0923 Tei 235/91 I Exclusive Authonsed Dealers For Senes 6000 All Watches Pte Ltd
      205 words
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      117 6 The most important shopping complex in Melbourne's CBD. It's for sale! "The Walk" Shopping Complex, Bourke Street Mall, Melbourne Australia. HbUISII This is without doubt one of the most important retail properties available on Bourke Street. Flanked by retail giants Myer and Oavid Jones One of Australia's most coveted retail
      117 words
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  • REGIONAL FOCUS
    • Article, Illustration
      Lock icon Making sure China is on their side
      769 7 Security concerns in East Asia IHT SINGAPORE As the Clinton administration considers how much pressure to exert on China, officials and policy planners in East Asia are figuring out ways of drawing the Chinese regime into a cooperative security network. The differing priorities
      IHT  -  769 words
    • Article, Illustration
      Lock icon The question of succession in North Korea
      837 7 Nikkei Weekly TOKYO The question of succession to the leadership in North Korea and how it is resolved could have a far-reach-ing impact on stability in the East Asian region, say Asian affairs analysts. Amid severe financial difficulties and a dramatically changed international
      Nikkei Weekly  -  837 words
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      25 7 Jl 1 i LibMillmt miSiit 111 *<> > |^H^B:fI^HiJHgHyHMHifIHS I lv* AM Ijaß*/ ffIHffwgGXMTiMF jW" v i,ffl it yff)iii,i:u M iiifc ptr *fr «HM»I^9jAI s how Mall,
      25 words
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  • THE WORLD
    • WORLD WATCH
      • Article
        Lock icon UN urged to beef up war crimes probe
        84 8 AP GENEVA UN efforts to prosecute war crimes in former Yugoslavia are badly understaffed and should be made equal to those used in Nuremberg after World War 11. the outgoing US ambassador said yesterday. "You've got a massive job. and without a
        AP  -  84 words
      • Article
        Lock icon Canada cutting back on foreign aid
        73 8 Reuter OTTAWA Canada will reduce aid to Asian and African countries and close some foreign service posts as part of a government drive to curb its rising fiscal deficit, officials said on Tuesday. Finance Minister Don Mazankowski announced in December that Canada would cut
        Reuter  -  73 words
      • Article, Illustration
        Lock icon Skating to the office
        48 8 Reuter OTTAWA With the Chateau Laurier hotel in the background, a commuter with briefcase in hand makes his way to work on ice skates on Tuesday. The world's longest skating rink officially closed on Feb 28 but cold weather has kept skaters on ice.
        Reuter  -  48 words
      • Article
        Lock icon Customs official took US$1.7m bribes
        76 8 AP LOS ANGELES A US Customs inspector has pleaded guilty to accepting US$l.7 million (SS2.B million) in bribes in what officials called the largest scheme of its kind in agency history. Daniel Ekman, 53, entered the plea on Tuesday in federal court. He also admitted
        AP  -  76 words
      • Article
        Lock icon US blames China for beating
        68 8 AFP WASHINGTON The US State Department has blamed the Chinese government for the beating last June of a US television reporter, rejecting Beijing's account of the incident. State Department spokesman Richard Boucher said on Tuesday that ABC News correspondent Todd Carrel, who was injured while
        AFP  -  68 words
      • Article
        Lock icon Japan to increase aid to Palestinians
        96 8 AFP TOKYO Japan will step up humanitarian aid to Palestinians in the Israeli occupied territories, a Japanese official said yesterday. The official said Hisashi Owada, Japan's deputy minister for foreign affairs, made the pledge in Tokyo to a Palestinian delegation, which arrived here on
        AFP  -  96 words
    • Article
      Lock icon S Africa's multi-party pro-democracy talks to resume tomorrow
      282 8 UPI JOHANNESBURG Multiparty pro-democracy talks aimed at moving South Africa from white minority domination to ethnic equality are set to resume tomorrow, the government confirmed yesterday. "I believe all the necessary groundwork has been done to get all the parties together to
      UPI  -  282 words
    • Article
      Lock icon Russia could break apart if power struggle not settled: Yeltsin
      535 8 President warns row could lead to 1,000-year war AFP. Reuter MOSCOW President Boris Yeltsin yesterday warned that the power struggle with the legislative branch threatens to tear Russia into scores of feudal states and lead to a 1.000year war". He
      AFP.; Reuter  -  535 words
    • Article
      Lock icon Brazilian minister wants IMF pact revised
      197 8 Reuter BRASILIA Brazil's new economy minister, Eliseu Resende, will stick with his predecessor's plan to revise the country's accord with the International Monetary Fund and not seek a new pact, a spokesman said on Tuesday. Mr Resende also said "all the good" economic programmes
      Reuter  -  197 words
    • Article, Illustration
      Lock icon Novel gift for Clinton
      59 8 Reuter WASHINGTON US President Bill Clinton holding up a book entitled Murder In The Senate, co-authored by a Republican senator, and a scroll inscribed Mine-item veto' presented to him at a lunch with Republican congressional leaders on Capitol Hill on Tuesday. Looking on are Senate Minority
      Reuter  -  59 words
    • Article, Illustration
      Lock icon Assad's health and changes in Syria raise questions about country's future
      712 8 AP DAMASCUS A major shuffle in the intelligence services and reports that President Hafez Assad is in poor health are raising questions about where Syria is heading. The Damascus regime is obsessively secretive and keeping track of its inner
      AP  -  712 words
    • Article
      Lock icon Russia pays some debt, but food trade with US still stalled
      385 8 Reuter WASHINGTON American and Russian officials were unable to find a way on Tuesday to re-open grain trade despite a US$l5 million (5524.6 million) payment by Russia towards its soaring defaults on loans secured by US credit guarantees. "There
      Reuter  -  385 words
    • Article
      Lock icon White House plans to cut federal aid to political refugees
      426 8 AP WASHINGTON The Clinton administration, citing a shortage of money to cope with a surge of refugees, intends to reduce federal assistance to foreigners granted political asylum in the US. The move could shift more of the burden of aiding
      AP  -  426 words
    • Article
      Lock icon US, EC must look for new ways to liberalise trade: Daimler chief
      384 8 Reuter GUETERSLOH, Germany The US and the European Community, heading towards a confrontation over trade, need to consider new ways of liberalising business, says the chief executive of top German group Daimler-Benz AG. Edzard Reuter said on Tuesday
      Reuter  -  384 words
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  • COMPANIES & MARKETS
    • Article
      Fels' net earnings fall 24pc to $27.5m
      456 9  -  Keppel group results By Rahita Elias SINGAPORE Rig builder Far East Levingston Shipbuilding (Fels) last year suffered a 24 per cent drop in net earnings to $27.5 million, weighed down by two unprofitable jobs from AP Moller and a soft offshore rig market.
      456 words
    • Article
      SSL profit rises 7pc despite 22pc drop in turnover
      345 9  -  By Lilian Ang SINGAPORE Propertybased Straits Steamship Land lifted net earnings almost 7 per cent to $28.67 million in the year to end-December 1992 despite a 22-per-cent drop in turnover to $67.84 million. Overall, the group fared slightly better than expected.
      345 words
    • Article
      Singmarine's 42pc decline in profit shocks analysts
      366 9  -  By Dexter Lee SINGAPORE Singmarine Industries stunned analysts yesterday when it reported a 42.2 per cent plunge in group net earnings to $12.89 million for the year ended Dec 31. As a result, earnings per share (EPS) dropped to 11 cents from 19
      366 words
    • Article
      Keppel Finance's good results reflect trends in finance industry
      674 9  -  HOCK LOCK SIEW By Alvin Tay SINGAPORE Contrasting results were released by two medium-sized finance companies, Keppel Finance and Singapura Building Society, in the past one week. Singapura Building reported a 22 per cent fall in after-tax profits to $2.17 million
      674 words
    • Article
      Lock icon MBf Holdings ties up with Playboy for condom venture
      192 9 Bernama KUALA LUMPUR The MBf Holdings Group has tied up with Playboy Inc of the United States to market Malaysian-made condoms for the global market, MBF Holdings president and chief executive officer Loy Hean Heong said yesterday. He said the condoms
      Bernama  -  192 words
    • Article
      GRP forms investment arm to seek business in region
      414 9  -  By Ramesh Divyanathan SINGAPORE Scsdaq-listed hose supplier GRP Ltd has formed an investment company to scout around the region for business opportunities. Company founder and managing director Han Hai Kwang said the new subsidiary, GRP Investment, "will look out for joint
      414 words
    • Article
      F&N plans to adjust exercise price of warrants
      100 9 SINGAPORE Fraser and Neave Ltd yesterday said that the exercise price of its outstanding Warrants 1994 will be adjusted from $11.50 to $10.34, subject to approval by the stockholders and the Stock Exchange of Singapore of its proposed rights share issue and
      100 words
    • Article
      DIVIDENDS ANNOUNCED
      340 9 Payment <%) Ex date Books close Pay date Avimo 20* BAT 21* Berjaya Group Berjaya Ind Berjaya Leisure BMT SIO C Properties Cerebos 25* G Securities GF Asia 50* kemavan 50 Keppel Fin 50* Kit 50* KL Kepong M Banking M Cement 50" MTC 78* MUI MU Mfg
      340 words
    • Article, Illustration
      Lock icon SUMMARY
      337 9 Source: Bridge Info Performance of STII's index stocks Mar 3 Last Sease lade* Slock sale Chae factor i novers (S) ($> Am mo 1 900 1.59 CAC 7.450 -0.250 6.24 454 55 ("crctios 5000 4 19 FAN 12.200 0 100 10 22 181.82 GF Asia 3.260 0080 2.73 *****
      Source: Bridge Info  -  337 words
    • COMPANIES
      • Article, Illustration
        EON building HQ, pumping M$35m to expand network
        508 11  -  Proton maker sees possible conglomerate status within 10 years By Rahita Elias KUALA LUMPUR Malaysia's national car distributor, Edaran Otomobil Nasional (EON), is building a Ms6s million (5540.6 million) corporate headquarters and spending another Ms3s million to expand its local network. The
        508 words
      • Article
        Lock icon Brokers cool to planned Bakrie rights issue
        323 11 Reuter JAKARTA A planned rights issue by PT Bakrie Brothers priced at some 50 per cent more than the share is trading at has been given a cold reception by Jakarta brokers. "It's completely crazy, the whole thing," the head of one major
        Reuter  -  323 words
      • COMPANY BRIEFS
        • Article
          S'pore Computer on foreign holdings
          33 11 SINGAPORE Singapore Computer Systems, a subsidiary of Singapore Technologies, announced yesterday that the percentage of foreign interest in its capital was 20.55 per cent as of 25 Feb.
          33 words
        • Article
          Lock icon Leong Hup buys 20pc of KFC (M)
          64 11 Bernama KUALA LUMPUR Leong Hup Holdings Bhd has acquired a 20.3 per cent stake in KFC Holdings (M) Bhd at an average price of Mss per share. The acquisition was made in view of it being a synergistic move for the company, it
          Bernama  -  64 words
        • Article
          Lock icon Sapura to help set up Mauritius plant
          68 11 Bernama KUALA LUMPUR Sapura Holdings Sdn Bhd will help Mauritius Telecoms to set up a plant in Port Louis to assemble telephone sets, its executive chairman Shamsuddin Kadir said yesterday. A memorandum of understanding was expected to be signed at the end of
          Bernama  -  68 words
        • Article
          Lock icon New MMC Engrg managing director
          27 11 Bernama KUALA LUMPUR MMC Engineering Group Bhd has appointed Abdul Rahim Bakar as its new managing director, effective from March 1. Bernama
          Bernama  -  27 words
        • Article
          Lock icon PTT arm to offer 39.9m shares
          83 11 Bloomberg Business News BANGKOK The exploration arm of the government-owned Petroleum Authority of Thailand (PTT) will make a public offer of 39.96 million shares at 33 baht each ahead of its planned listing in May. The subscription period for the PTT Exploration and Production
          Bloomberg Business News  -  83 words
      • Article, Illustration
        Lock icon Sia Song expects charges to take 8 years to resolve
        674 11 Alleged stock manipulator portrays himself as a maverick pitted against the Thai establishment Reuter BANGKOK The alleged stock manipulator known in Thailand as Sia Song said it may take eight years before the charges made against him are resolved in
        Reuter; Reuter photo  -  674 words
      • Article
        Salim's Philippine unit turns around with 90m-peso profit
        236 11  -  From Al Labita in MANILA METRO DRUG, a Manila subsidiary of Indonesian giant Salim Group, netted 90.3 million pesos (555.815 million) in profit in 1992, reversing a disastrous financial performance in the previous year. "1 am pleased that we accomplished our primary
        236 words
      • Article
        Lock icon Indon corporate profits seen rising this year
        597 11 MARKET WATCH Reuter JAKARTA Indonesia's major companies can expect improved results in 1993 after two disastrous years in which high interest rates and government restrictions on borrowings kept the property and consumer sectors depressed. Market analysts say the corporate sector's confidence received a
        Reuter  -  597 words
      • Article
        Midland Bank profits leap to £178m
        356 12  -  Restructured bank ready to take on its rivals From Ray Heath in LONDON THK new owner of Midland Bank, the Hongkong Bank group, must be pleased with the progress its acquisition has made since the takeover in July last year. Bad debts at Midland
        356 words
      • Article
        Fisons' S'pore plant expected to start operating by year-end
        329 12  -  From Ray Heath in LONDON LONDON A new pharmaceutical plant completed in Singapore last year for the UK drugs and scientific equipment group Fisons is expected to be in production and contributing to the company's output by the end of this
        329 words
      • Article, Illustration
        Lock icon HK's Wharf may build power stations in China
        308 12 Experience in infrastructure projects helpful Bloomberg Business News HONGKONG Wharf Holdings, a leading Hongkong conglomerate, is looking into building power stations in China. particularly in Wuhan in central Hubei province. "We think that to mobilise China it is very important to place
        Bloomberg Business News  -  308 words
      • Article, Illustration
        Lock icon Investors dump Aussie blue chips amid mixed results
        437 12 Reuter SYDNEY Investors dumped shares in some of Australia's blue-chip companies yesterday after a mixed bag of profit results and statements by business leaders expressing only cautious optimism about the future. A total of about AS3OO million (SS34B million) was wiped off
        Reuter  -  437 words
      • COMPANY BRIEFS
        • Article
          Lock icon Taiwan trust firm to open Viet office
          68 12 AFP TAIPEI Taiwan's Ching Fong Group is to open an investment and trust office in Vietnam after obtaining appro\al from the finance ministry here, company officials said yesterday. Cathay Investment and Trust Co Ltd. an affiliate of the Ching Fong conglomerate, will soon
          AFP  -  68 words
        • Article
          Lock icon Philip Morris gobbles up Terry's
          99 12 Reuter LONDON One of Britain's oldest chocolate makers Tern's was snapped up by Philip Morris yesterday as the US giant's insatiable appetite for European sweet manufacturers continued unabated. Philip Morris* food subsidiary Kraft General Foods International paid £220 million (SSSI9 million) in cash for the
          Reuter  -  99 words
        • Article
          Lock icon Courtaulds Textiles profit jumps
          72 12 Reuter LONDON Courtaulds Textiles pic. one of Europe's leading clothing manufacturers, yesterday announced sharply higher annual profits for 1992 and said its business should gain from the pound's devaluation last autumn. Pre-tax profits last year soared 89 per cent to £39.1 million (5592.3 million), but the
          Reuter  -  72 words
        • Article
          Lock icon Two pool fertiliser interests
          60 12 Knight-Ridder Toronto Cominco Ltd and Alberta Energy Co said they are pooling their fertiliser interests in a new company, to he known as Cominco Fertilisers Ltd. The new unit proposes to file a preliminary prospectus in Canada for an initial public offering of common shares. The
          Knight-Ridder  -  60 words
        • Article
          Lock icon Ian Maxwell staves off bankruptcy threat
          108 12 Reuter LONDON lan Maxwell, son of the late publishing baron Robert Maxwell, has staved off the threat of bankrupts by paying £500.000 (SSI.IB million) to liquidators of a company that handled Maxwell company pension funds. The High Court has now dismissed a bankruptcy petition
          Reuter  -  108 words
      • Article
        Lock icon Japanese electronics giants to hire fewer grads next year
        230 12 Bernama-Kyodo TOKYO Major Japanese electronics firms plan to reduce their employment of new college graduates in spring next year to tide over the worsening business environment, industry sources said yesterday. The sources said Hitachi Ltd is mapping out a restructuring plan
        Bernama-Kyodo  -  230 words
      • Article
        Abbey National doubles provisions for bad debts
        220 12 LONDON Britain's secondbiggest provider of home loans, the Abbey National group, more than doubled its provisions for bad debts last year. It has set aside £322 million (SS76O million), up from £155 million a year earlier, to cover bad loans. Its customers, caught
        220 words
      • Article
        Lock icon Omron and Matsushita planning China ventures
        237 12 AFP TOKYO Japan's Omron Corp and Matsushita Electric Works Ltd both plan to set up control equipment ventures in China to capitalise on expected rising demand there, company spokesmen said yesterday. A spokesman of Omron. the leading maker of control components, said it planned
        AFP  -  237 words
    • FINANCE
      • Article
        Offshore banks to focus on Thai market
        572 13  -  By Shoeb Kagda SINGAPORE The 47 foreign and Thai banks given permission to set up offshore banking operations in Thailand will concentrate initially on the booming Thai market, sources told Business Times. With its fast-expanding economy, Thailand is hungry for foreign cash to
        572 words
      • Article, Illustration
        Chase Manhattan expects another good year
        262 13  -  By Paul Leo SINGAPORE Chase Manhattan Bank expects another good year but will continue to control cost and expenses, said the bank's vice-chairman, Robert Douglass. Mr Douglass, who is visiting key clients and government officials in Asia, said that Chase has projected an excellent
        262 words
      • Article
        Loan to Asia Credit oversubscribed
        287 13 SINGAPORE Thai finance and securities company Asia Credit Ltd got a US$65 million (S$ 107.4 million) loan more money than it intended to borrow. Asia Credit signed the facility on Tuesday, its first syndicated loan overseas. It originally sought US$35 million but its borrowing was
        287 words
      • Article
        Lock icon Talk of Bundesbank rate cut resurfaces
        128 13 Bloomberg Business News LONDON Speculation that the Bundesbank may cut its discount rate today has resurfaced, analysts said yesterday. Hopes of an easing seemed to be dashed yesterday by the central bank's unexpected decision to leave its securities repurchase rate unchanged at 8.49 per
        Bloomberg Business News  -  128 words
      • Article
        Lock icon New money laundering law causes row in Luxembourg
        353 13 Reuter LUXEMBOURG Planned banking law changes, which include tough curbs on money laundering, have run into trouble in Luxembourg, whose financial muscle is largely based on banking secrecy. Sections of the Grand Duchy's financial community say the new law conflicts with Luxembourg's
        Reuter  -  353 words
      • Article
        Lock icon Row with China holds up ADB's HK$ bond issue
        506 14 Reuter HONGKONG A Hongkong dollar bond issue planned by the Asian Development Bank (ADB) has been put on hold partly as an indireet consequence of the political row with China over the colony's future, bankers say. ADB Treasurer Tomoo Hayakawa said
        Reuter  -  506 words
      • Article, Illustration
        Chinese state-owned firm taps Asian $ market for US$20m
        233 14  - Chinese state-owned firm taps Asian market for US$20m By Soh Tiang Keng SINGAPORE China's Fujian Investment and Enterprise Corporation (FIEC) has tapped the Asian dollar market for a US$2O million (5532.87 million) loan. The proceeds of the loan will help finance FIEC's projects in Fujian city in southern China. The
        233 words
      • SMALL CHANGE
        • Article
          Lock icon IFCT to pay higher dividend
          61 14 Reuter BANGKOK The Industrial Finance Corp of Thailand announced it will pay a 10 baht dividend for 1992 against 9 baht a year ago. An IFCT statement said the industrial financing institution improved its net profit to 1.09 billion baht or 29.04 baht a share
          Reuter  -  61 words
        • Article
          Lock icon German banks want tax exemption
          90 14 Reuter FRANKFURT German banking organisations will soon ask the Finance Ministry to exempt banks from a tax set to begin next year on securities deals involving interest income, one of the organisations said. Bankers expected the Finance Ministry to give in to the associations' call
          Reuter  -  90 words
        • Article
          Lock icon Franc must be kept stable: minister
          55 14 Knight-Ridder PARIS French Finance Minister Michel Sapin said yesterday the stability of the franc must be maintained. He told a weekly cabinet meeting that the franc's stability was the key condition for a durable reduction in long and short-term interest rates, a statement issued
          Knight-Ridder  -  55 words
        • Article
          Lock icon Laurentian Bank's income falls 23pc
          77 14 Bloomberg MONTREAL Laurentian Bank of Canada blamed fluctuating interest rates and a high level of non-performing loans for a 23 per cent drop in its fiscal first-quarter net income. Net income fell to C 57.5 million, or 36 cents a share, from C 59.7 million,
          Bloomberg  -  77 words
        • Article
          Lock icon Lazard Bros to up stake in Indian firm
          73 14 Bloomberg NEW DELHI British merchant bank Lazard Brothers Co Ltd has decided to raise its stake to 40 per cent from 25 per cent in Credit Capital I inance Corporation, an Indian merchant banking company. Credit Capital chairman Udayan Bose will also
          Bloomberg  -  73 words
        • Article
          Lock icon Banque Indosuez gets nod from Taipei
          65 14 Bloomberg TAIPEI Taiwan has given final approval to an application by Banque Indosuez of France to invest US$67 million in the local stock market, the Securities and Exchange Commission said. The bank received permission last year to invest more than US$32 million in Taiwan
          Bloomberg  -  65 words
      • Article
        Lock icon S Korea speeds up plan to liberalise rates
        275 14 Reuter SEOUL South Korea's top economic planner said a proposal to liberalise interest rates would be drawn up by the end of March, bringing the blueprint forward from the June date announced last year, government officials said. Economic Planning Board Minister Lee
        Reuter  -  275 words
      • Article
        Lock icon Three debt-laden Aussie banks pass ratings test
        429 14 Reuter SYDNEY US ratings agency Standard Poor's Corp has affirmed the credit ratings of Australia's big three private banks, but warned that their bad debts will continue to be a drag on performance. The New York-based agency yesterday affirmed the local and foreign
        Reuter  -  429 words
      • Article
        Lock icon Japan's housing loan bailout plan could hurt banks
        575 14 Reuter TOKYO The rescue of Japan's biggest housing finance firm has alleviated fears of an impending crisis in the financial industry, but economists and bankers worry the bailout sets a precedent that could eventually weaken big banks. The bailout was accomplished without
        Reuter  -  575 words
      • Article, Illustration
        Banque Indosuez REGIONAL CURRENCY REPORT
        144 14 The US dollar opened lower across the board yesterday as the market discounted a cut in the German discount rate taking place this week. It continued to drift lower over the day, led by a resurgence in yen strength. Against the Singapore dollar, the US
        144 words
      • Article
        Lock icon London
        203 14 Bloomberg Business News LONDON The dollar rallied from an intraday low at 1.6330 deutschemarks to end higher on the day here amid persistent speculation about a cut in official German interest rates today, traders said. The German discount rate is at 8.0 per cent and the Lombard rate is
        Bloomberg Business News  -  203 words
      • Article
        Lock icon New York
        92 14 AFP NEW YORK The dollar remained depressed against major currencies in a calm market early yesterday as dealers awaited a Bundesbank meeting today and US jobless figures due tomorrow, while gold slipped. At about 9:30 am. the dollar was stuck at the same level it held in London
        AFP  -  92 words
      • Article, Illustration
        Untitled
        1530 14 lijJt imh laUitlaUxl a*ain\t S'prf 's Uf 14 tiaJin* panrn-i Bate \\w I'M? US$/S$ forward rates Noon Mar 3 s$ Bid Offer 1-month 1.63% 1.6411 :-monlh ***** ***** 3-month I 6369 1.6384 h-month I 6340 I 6360 Source: OCBC FOREIGN CURRENCY NOTE RATES As at 10am yesterday: Singapore dollars to
        1,530 words
    • COMMODITIES & FUTURES
      • Article
        Lock icon Philippine nickel mines cutting output by up to 50pc
        421 15 Knight-Ridder MANILA Low demand from Japanese buyers and depressed prices have compelled Philippine nickel mines to cut production targets by as much as 50 per cent this year, saycompany officials. Operating losses, worker lay-offs and other cost-cutting measures were also possible
        Knight-Ridder  -  421 words
      • Article
        Lock icon Thai firms main violators of log ban
        398 15 Bangkok urged to monitor Cambodian border closely AFP BANGKOK. The government has been told that Thai concerns are the main offenders contributing to the flop of a United Nations-backed logexport ban in Cambodia and that only a public relations exercise maintaining compliance could
        AFP  -  398 words
      • Article
        Lock icon Australia to resume grain trade with Russia
        339 15 AFP CANBERRA Australia will resume grain shipments to Russia since the former Soviet republic has repaid part of its US$5O million (SSB2 million) debt, the Australian Wheat Board (AWB) said yesterday. "A small cash payment has been received from the Russians and shipments
        AFP  -  339 words
      • Article, Illustration
        Bomb scare
        117 15 NEW YORK Frightened New York Commodities Exchange workers embracing cach other after their World Trade Center ofTiccs were evacuated on Tuesday due to a bomb scarc which turned out to be false. Employees at the Commodity Exchange at 4 World Trade Center left the building after the threat
        117 words
      • Article
        Lock icon Tough EC steel talk nothing but rhetoric, say US officials
        333 15 Reuter WASHINGTON Tough new words by Europe's trade commissioner over a trans-At-lantic steel dispute is nothing but "rhetoric" to please European Community members and does not herald a downturn in US-EC ties, officials said. Earlier, the European Commission stepped up
        Reuter  -  333 words
      • Article
        Lock icon Coffee producers stick to March 31 quota deadline
        271 15 Reuter MEXICO CITY Coffeeproducing countries said after a two-day meeting here that they are sticking to the International Coffee Organisation's March 31 deadline to reach a new agreement on quotas. "Producing countries are fully committed to conclude the negotiations by March 31.
        Reuter  -  271 words
      • Article
        Lock icon Oil executives urged not to lose hope in Russia's Tyumen region
        344 15 Bloomberg Business News WASHINGTON The leader of Russia's oil-rich Tyumen region on Tuesday urged Western oil company executives not to lose hope for ventures in the area despite the hurdles facing companies that have already taken the plunge. Tyumen
        Bloomberg Business News  -  344 words
      • Article
        Oil futures rise on lower US Gulf coast stocks
        416 15 Bloomberg ENERGY REPORT LONDON Oil futures prices in London and Now York rose moderately yesterday after the latest US inventory report showed a decline in crude oil stocks in the important US Gulf coast refining region. brokers said. The weekly report
        416 words
      • Article
        Lock icon 5 US commodity brokers charged with violations
        197 15 Bloomberg Business News WASHINGTON The US Commodity Futures Trading Commission on Monday charged five floor brokers on the Commodity Exchange Inc with trading violations in gold futures. Without admitting or denying wrongdoing, one of the brokers. Paul Marturano of Staten Island. New York,
        Bloomberg Business News  -  197 words
      • Article
        Lock icon Eurodollars end steady to softer
        1427 16 SIMEX REPORT Reuter SINGAPORE Simex Eurodollar interest rate futures finished steady to softer against Chicago's close after being trapped in narrow ranges over the day. Momentum levelled off due to a lack of clear direction for the US economy and ahead of the release of
        Reuter  -  1,427 words
      • Article
        Downward trend continues as KL tin price drops 13 sen
        1010 16 COMMOOITIES REPORT Tin TIN price on the Kuala Lumpur Tin Market continued its downward trend and closed 13 sen lower at MS 14.62 kg due to poor demands, dealers said. "The market lacked buying interest," a dealer said. The depressing
        1,010 words
      • Article
        COMMODITY PRICES
        1706 16 Rubber Mar 3 MS CMNH •tftty Excfcai (Into IM cM ■c m at 1pm) MS (physical prin RSS 1 Contract (S cents/kg) m m Buyers /C NMn Close Volume Open u at 12 noon CCTllVKg; Month High Low Sett (tonnes) Interest KSS 2 Apr 93 137.25 I38.25N Feb
        1,706 words
    • REGIONAL STOCK MARKETS
      • Article
        Australia
        1151 17 -18.9 SHARES fell steadily during the day as the Labor Party's rise in the opinion polls gave profittakers an excuse to sell. The All Ordinaries Index opened briefly higher, but it soon slumped, falling through the day to close 18.9 points down at 1.626.1. The retreat took the All
        1,151 words
      • Article
        Manila
        528 17 +44.72 Share prices surged on the back of blue chips Manila Electric Co and San Miguel Corp after a weak start but analysts say prof-it-taking may set in. The Manila Composite Index rose 44.72 points to end at 1,518.67. Analysts expected the market to go through a correction this
        528 words
      • Article
        Seoul
        410 17 -0.74 The stock market closed 0.74 of a point lower at 632.99. its sixth straight decline, after a mild technical rebound fizzled out. Turnover totalled 260.49 billion won from 234.35 billion on Tuesday. Brokers said the market may try to rebound today. Investors remain gloomy about the prospects for
        410 words
      • Article
        Taipei
        610 17 +237.62 Stocks soared to close 5.5 per cent higher on frenzied bargainhunting after Tuesday's 3.8 per cent plunge. The Weighted Index ended 237.62 points up at 4,582.61. Turnover remained heavy at NT$74 billion although it was down from Tuesday's NTS93.I billion. The index opened up. wavered amid profit-taking and
        610 words
      • Article
        New Zealand
        283 17 -0.49 The share market closed little changed after a mixed session in a directionless market. The NZSE-40 Capital Index was down 0.49 point at 1,588.03 on a volume of NZ$3O million. A feature of the session was several crossings of shares in minor companies at discounts to their
        283 words
      • Article
        Bombay
        104 17 +21.50 Stock prices edged up on institutional demand but analysts said the trend is still downwards in the wake of the Budget. The BSE Index rose 21.50 points to 2,565.32. The National Index gained 9.77 at 1,152.90. The BSE Index rose for the first time since the Budget was
        104 words
    • WORLD STOCK MARKETS
      • Article
        London
        756 17 +36.3 The FTSE 100 index ended at a record high yesterday, finishing 36.3 points or 1.26 per cent up at 2.918.6. The rise was broadly-based and both the FTSE mid-250 index and the FTSE 350 also set new closing highs. Sentiment was buoyed by reinforced hopes of UK economic
        756 words
      • Article
        Paris
        142 17 -6.26 Shares ended slightly lower after trading narrowly above and below the psychological 2,000 point level on the CAC-40 index during the day. Despite opening up 0.29 per cent at 2,007.36 in the morning and reaching a high of 2,012, some profittaking and drops in certain shares brought French
        142 words
      • Article
        Brussels
        126 17 +0.25 Mixed Belgian shares closed only a fraction higher after a busy range-trading session, barely reacting to a strong bond market and large overnight gains on Wall Street. The Bel-20 index of leading shares closed 0.25 points up at 1.209.51. after fluctuating in a small range of about 3.50
        126 words
      • Article
        Milan
        133 17 -9 Italian stocks prices recovered early losses caused by investors locking in profits from two days of rises, traders said. Late in the session, foreign and domestic institutions returned to the market to buy blue chip shares such as Fiat and Generali. a trader at IMI Securities said. The
        133 words
      • Article
        Stockholm
        134 17 +0.46pc Most Swedish share prices ended a sluggish day on the Stockholm bourse a touch higher after finally joining in an upbeat mood in US and London markets. The all-share index closed 0.46 per cent higher at 1,012.91. while turnover was a relatively low 709 million crowns. Investment/industrial group
        134 words
      • Article
        Frankfurt
        210 17 -3.01 German shares could be set for a period of consolidation after failing to break convincingly through the 1.700point barrier yesterday and ending with narrow losses, dealers and analysts said. The prospect of further interest rate cuts by the Bundesbank in the near term would put a floor under
        210 words
      • Article
        Amsterdam
        247 17 +0.79 Dutch shares closed higher' as hopes of lower European interest rates persisted, traders said. The EOE index of the top 25 Dutch stocks closed up 0.79 point at 306.31 points. Advancers outpaced decliners 12 to 11. Three stocks closed unchanged. Leading the advance yesterday on the EOE index
        247 words
      • Article
        Zurich
        247 17 +6.1 Wall Street's firmer opening triggered renewed buying late in the session, but Swiss shares closed off earlier highs, dealers said. However, the broad SPI index reached a new all-time closing high. During the session the index had recorded a new high of 1,311.1. surpassing its previous all-time high
        247 words
      • Article
        Johannesburg
        332 17 -37 South African shares rallied slightly near the close but ended well down on the Johannesburg Stock Exchange on renewed fears of an unpopular Budget later this month and De Beers' yearend results due next week, dealers said. Following overnight declines in New York, a heavily traded De Beers
        332 words
      • Article
        Toronto
        277 17 13.53 Stocks continued firm in quiet early dealings yesterday as financial services got a slight boost from a drop in prime rates, traders said. The TSE-300 Index gained 5.00 points to 3.451.22 on volume of 4.52 million shares valued at C 535.74 million. Advances were ahead of declines 152
        277 words
      • Article
        Untitled
        627 17 Vienna Mar I Wh /T \k$ H<4din* I0*< < Bank, \ustru »P» 514 I \%rm i Pi 2** i ♦Ml Junfhuiul I*W Im/ing H)2 14 tc%Lim 2 (kNicnRuu N»2 12 Srmfvril 11* urvh moi :i4 Hm M 4 Source: Z-Lan Bank Austria Nasdaq Mar 2 I SS Uitph »wi\ Brewing
        627 words
      • Article
        New York
        895 17 +45.12 Wall Street share prices edged up yesterday as the market paused to catch its breath after Tuesday's sharp 45-point rise. At 11 am, the Dow Jones Industrial Index was up 4.85 points at 3.405.38 in fairly heavy trading with 84 million shares changing hands. On Tuesday, blue-chip
        895 words
    • Article, Illustration
      Lock icon HONGKONG
      3095 18 Reuter THE blue chip Hang Seng index reached a 1993 closing high, II points off its all-time record, helped by overseas buying and an upbeat annual Budget speech. The index ended 92.41 points at 6,436.64, 1.46 per cent up on the day and fractionally below its intra-day high reached
      Reuter; Source: Bridge Info  -  3,095 words
    • Article, Illustration
      CHINA
      460 18 SHENZHEN A shares closed lower with the CLSA Shenzhen A Index down 103.27 points to 3,041.77. Turnover in the domestic market was 15 million shares valued at 479 million renminbi. The B market did not fare any better, with the B Index easing 2.97 to 1,526.56, on a turnover
      460 words
    • Article, Illustration
      Lock icon TOKYO
      2485 18 Reuter STOCKS shed early gains and ended easier after Nippon Telegraph and Telephone Corp (NTT) shares, the pillar of the market's early surge, stumbled on profit-taking. Concerns over March futures settlement next week and a higher yen also dampened sentiment. The 225-share Nikkei Average ended down 10.33 points to
      Reuter; Source: Bridge Info  -  2,485 words
    • Article, Illustration
      Lock icon BANGKOK
      1858 18 Reuter STOCKS lost all of the gains made on Tuesday and kept falling during the afternoon as short-term rumours combined with general gloominess, brokers said. The SET Index lost 16.49 points half of it in afternoon trade to 905.99 on sluggish turnover of 3.8 billion baht. Many brokers had
      Reuter; Source: Bridge Info  -  1,858 words
    • Article, Illustration
      Lock icon JAKARTA
      858 18 Reuter SHARE prices strengthened near the close in fairly active trade which focused on banks, brokers said. The Official Index ended 1.24 points higher at 302.08. "Foreign investors were active in banks, pushing prices up." one broker said. Bank Intemasional Indonesia closed 150 rupiah higher at 3,750 on turnover
      Reuter; Source: Bridge Info  -  858 words
    • Article, Illustration
      Lock icon CLOB INTERNATIONAL
      2569 19 Source: Bridge Info Source: Bridge Info MOST ACTIVC ¥OtoWt Bcnaya Group 24.299.000 Muni-Purpose 5,575.000 Mdroptcx 50c 5.2II.000 Fat>cr Group 5.007.000 Bcrjaya Leisure 3.780.000 Promct 2.7J9.000 Kcnoot Bhd 50c 2.150.000 Berjaya Ind 2.0M.000 Mcnang C'otp 2.054.000 AMOS 50c 1.654.000 Asa Pac Ld 50c 1282,000 Kamunting 50c 1.217,000 IdnsHydSOc 1.181.000
      Source: Bridge Info  -  2,569 words
    • KUALA LUMPUR STOCK EXCHANGE
      • Article, Illustration
        Lock icon Prices end lower in active profit-taking
        4934 19 Bernama KUALA LUMPUR Share prices here ended lower yesterday in active trading as investors took profits after recent gains. At the close, the KLSE Composite Index shed 0.56 of a point to 636.44 from Tuesday's close despite opening the day's trading at 638.46. The
        Bernama; Source: Bridge Info  -  4,934 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article, Illustration
        Lock icon Index ends weaker after narrow trading
        1074 20  -  By Sylvia Wong SINGAPORE The benchmark Straits Times Industrials Index edged 0.76 of a point lower to 1,652.05 in narrow trading yesterday. A small bout of buying lifted the STII as high as 1.657.24 in the afternoon, but the gain was meagre and could
        Source: Bridge Info  -  1,074 words
      • Article, Illustration
        Lock icon Keppel Corporation
        62 20  -  HOT STOCK Quak Hiang Whai KEPPEL Corporation, which has risen from $6.40 to $6.95 in the past fortnight, looks set for a correction. A daily RSI above 75 and stochastics near 100 indicate an overbought condition. Buy at $6.60, because a medi-um-term rally is likely to test last
        SOURCE: BRIDGE INFO  -  62 words
      • Article
        Untitled
        5855 20 t MAH BOARD Gr Gr 1992/93 Last Vol Day Lot Qaott Di» Dfr VM N« M Cm High Lm Caapaay Salt CM) High Low Buyer Setter Or P/E Saul mmTWHL AND COMMERCIAL 344 170 Acma 328 8 149 328 320 326 328 12.2 2.1 3.7 19.0 202.6 210 210 s
        5,855 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      139 9 &4** -o- tfcfr,*.a4 Hp UHPAKAIIILID KESUITS. Opening April 1993 Introductory room rates from only RM 150 until June 30, 1993. To make you feel relaxed and productive in the heart of you deserve a hotel that works as hard as you do? For more Kuala Lumpur, the Swiss Garden Hotel
      139 words
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      263 10 YOUR WORLD v vt, -'>*■?* i t •"'"V t "fi." V..,' 'if I flrtf' f I %29 AST's PowerExec Notebook Family consists of "t > 486 and 386, color and monochrome models \-> ?< r* PowerExec has unparalleled versatility. At home or office, 1 it is small in size, but
      263 words
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      Page 11 Advertisements Column 1
      77 11 An on-going cosmetics agency for jj i takeover in Singapore. B Interested parties please write in to 5 S.T. Box N***** 390 Kim Seng Road mm Singapore 0923 more information. You may have baen unable to get your Straits Times, Sunday Times, LianHe Zaoßao and other daily newspapers from your
      77 words
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      Page 11 Advertisements Column 2
      77 11 Major investment in j|| s| National Capital P l^, easec to Australian Government -1 until November 2001. Balance of leases primarily 5-10 years. f Net lettable area 139,600 square feet approx. J jjjPSjß l Basement parking for 79 vehicles. Site area 45,000 square feet approx. MM W W,SBfifrllS^B^^3Sß Estimated annual
      77 words
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      Page 12 Advertisements Column 1
      540 12 OFAR EAST LEVINCSTON SHIPBUILDING LTD PE L S (Incorporated in the Republic of Singapore) The Directors of Far East Levingston Shipbuilding Limited advise the following audited results of the Company and the Group for the year ended 31 December 1992: COMPANY GROUP 1992 1991 1992 1991 000 000 000 000
      540 words
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      558 13 B I Keppel Corporation Limited I (tocorpotaMd m the Republic of Singapore) |H The Directors of Keppel Corporation Limited advise the following audited H results of the Company and of the Group for the year ended 31 December 1992: I COMPANY GROUP 1992 1991 1992 1991 I Ss' 000 Ss'
      558 words
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      Page 13 Advertisements Column 2
      656 13 I Straits Steamship Land Limited I (Incorporated m the Republic of Singapore) I The audited results of the Group and the Company for the year ended I December 31,1992 are as follows: I COMPANY GROUP I 1992 1991 1992 r 1991 I 000 000 000 000 I Sales 2,498 2.265
      656 words
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      Page 15 Advertisements Column 1
      11 15 Train service briefly suspended by bomb threat, Shipping Times Pg 20
      11 words
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      Page 15 Advertisements Column 2
      198 15 PARMEUA HILTON HOTEL PERTH, WESTERN AUSTRALIA 275 room 5 star CBD hotel. Secure long-term lease to Hilton. Adjacent site available for further development. Expressions of Interest close 2nd April, 1993. For further information please contact: Peter Barge or Geordie Clark, JLW TransAct, Sydney, Australia, Telephone: +61 2 256 57/7, Facsimile:
      198 words
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      Page 16 Advertisements Column 1
      154 16 BUSINESS TIMES TOLL-FREE TEL. No. 1-800-737 0043 FAX:734 3698 la the Matter of Hie COMPANIES ACT, CAP. 50 tad la the Matter of W.EJASSETT AND PARTNERS PTE LTD Notice of Resolutions for Member*' Voluntary Winding Up (Pursuant to Section 290) At an Extraordinary General Meeting of the Members of the
      154 words
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      Page 16 Advertisements Column 2
      305 16 In the Matter of The Companiea Act, Cap. 50 and WJLBASSETTAND PARTNERS PTE LTD (In Members' Voluntary Liquidation) NOTICE IS HEREBY GIVEN that the creditors of the abovenamed Company which is being voluntarily wound up, are required on or before 30 Aprfl 1993 to send in their names and addresses
      305 words
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      Page 16 Advertisements Column 3
      19 16 As and when the latest London/Rotterdam prices are not available, the previous trading day's closing figures are carried instead
      19 words
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  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      24 17 Trouble at Tenaga Could Malaysia's power problems be averted? Find out in Business Times tomorrow The closing prices for Paris were not available yesterday
      24 words
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  • Page 18 Advertisements
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      Page 18 Advertisements Column 1
      95 18 I I' I JLut your money in a box! I IV'CS \|ADp PKT I ADf CTU A M (Sit AD PC Rwje (pnooaocw run) munc doxm make girts of I ITS MOKE RELIABLE THAN SHARES. HmhlcmW following 200 ywr oU Sm tradition, tkey perform Wutifuily every day for yean cm
      95 words
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  • Page 20 Advertisements
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      Page 20 Advertisements Column 1
      66 20 I I I I I I I I I I I 1 I I I I I CALL NOW! IlLJL MILANO'S hot delivery HOTLINE llUl 468-2222 for mouth-watering Italian pasta, pizza, BBQ ribs, salads and more! Office/Home Delivery Hours: Daily from 11.00 am onwards (including Public Holidays). FREE delivery for
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  • SPORTS
    • Article, Illustration
      Senior, promising juniors join fight
      649 21  -  Preview of Epson Singapore Open Golf By Shahiron Sahari SINGAPORE The USS4OO.OOO Epson Singapore Open, starting today at the Tanah Merah Country Club, brings together one of the senior statesmen of Australian golf, and a crop of youngsters likely to dominate the world scene in
      649 words
    • Article, Illustration
      Lock icon Hard fouls? How about hard time?
      810 21  -  Dave Anderson argues for automatic suspensions to put flagrant fouls in perspective Dave Anderson NYT NEW YORK In the National Basketball Association's own words, it's known as a "flagrant" foul. That's flagrant, according to Webster, as in "extremely, flauntingly or purposefully conspicuous", as in
      NYT  -  810 words
    • SCORE CARD
      • Article, Illustration
        Lock icon Athletics
        270 21 Reuter SAN SEBASTIAN, Spain Results of an international indoor meeting on Tuesday. Men 60 metres hurdles: 1. Mark McKoy (Can) 7.55 seconds 2. Igor Kazanov (Lat) 7.60 3. Tong Li (Chi) 7.69. 3,000 m: 1. Isaac Viciosa (Spn) 7 min 57.65 sec 2. Alois Nizigama (Bur) 7:59.06 3. Mathias
        Reuter  -  270 words
      • Article, Illustration
        Lock icon Basketball
        48 21 AFP WASHINGTON Tuesday's NBA results: New York 107 Atlanta 98: Orlando 108 Minnesota 89: Indiana 109 San Antonio 95: Chicago 87 New Jerscv 80; Milwaukee 120 Dallas 86: Denver 127 LA Lakers 115: Seattle 108 Cleveland 105 (OT): Houston 99 LA Clippers 83; Portland 102 Phoenix 97
        AFP  -  48 words
      • Article, Illustration
        Golf
        77 21 SINGAPORE Kpson Singapore Open ProAm team results yesterday: I. Poh F.ng Tcck. Boris Theseira. Quah Kim Song. Stewart Ginn (Aus) 125 nctt. winner on count back: 2. Ee T C. Chiang Kok Meng. Jimmy Aw. Robert Parley (Aus) 125; 3. Wong Hung Khim. Frank Yung. V Koopirochana. Graham Marsh
        77 words
      • Article, Illustration
        Lock icon Ice hockey
        51 21 Reuter NEW YORK NHI. results Tuesday: Philadelphia Flyers 5 Pittsburgh Penguins 4: Vancouver Canucks 3 Washington Capitals 3 (OT): New York Islanders 3 Detroit Red Wings 2: Quebec Nordiques 7 Winnipeg Jets 4; Los Angeles Kings 6 Calgary Flames 2: San Jose Sharks 3 Ottawa Senators 2 (OT).
        Reuter  -  51 words
      • Article, Illustration
        Lock icon Soccer
        51 21 AFP PARIS Tuesday's results from huropean club competition quarter final first leg matches: Kuropean Cup Winners Cup In Rotterdam: Feyenoord (Hoi) 0 Spartak Moscow (Rus) 1. I'efa Cup In Rome. AS Roma (Ita) 1 Borussia Dortmund (Ger) 0: In Madrid: Real Madrid (Spn) 3 Paris St Germain (Fra) I.
        AFP  -  51 words
      • Article, Illustration
        Lock icon Table Tennis
        81 21 Reuter KALMAR, Sweden Sweden beat Belgium 4-1 in the second leg of the European league tinal to win this winter's super division title on Tuesday. Results (Swedish names first): Jan-Ovc Waldncr lost to Philippe Saive 17-21 18-21: Peter Karlsson b Jean-Michel Saivc 21-11 21-17; Jorgen Persson b Frederic
        Reuter  -  81 words
      • Article, Illustration
        Lock icon Tennis
        394 21 AFP Reuter AP INDIAN WELLS, California luesdav's results from the Indian Wells men's ATP tournament (x denotes seeded player) Ist rd Wayne Ferreira (SA xl 4) b Andrei Chcrkasov (Rus) 6-1. 6-1; Alexander Volkov (Rus x! 5) b Wally Masur (Aus) 1-6. 6-2. 7-5: Thomas Muster (Austria x 12)
        AFP; Reuter; AP  -  394 words
    • Article
      Lock icon Ben Johnson again fails drugs test: report
      378 21 Reuter TORONTO Canadian Ben Johnson, who served a twoyear suspension after failing a drugs test at the 1988 Seoul Olympics, has tested positive again, the Toronto Star report- ed yesterday. The newspaper said John- j son's positive test had been confirmed by three
      Reuter  -  378 words
    • SIDE LINES
      • Article
        Lock icon Winner's right to speak retained
        79 21 AFP, Reuter ST ANDREWS. Scotland World No 1 Nick Faldo will be able to make another champion's speech if he wins the British Open for a fourth time. It had been rumoured that the championship committee were thinking of withdrawing the winner's right to speak
        AFP,; Reuter  -  79 words
      • Article, Illustration
        Lock icon I'm back, says Steinbrenner
        37 21 Reuter FORT LAUDERDALE. Florida New York Yankees majority owner George Steinbrenner waving to fans as he arrives at the Yankees training camp on Tuesday. Steinbrenner's 30-month suspension from baseball ended on Monday. Reuter
        Reuter  -  37 words
      • Article
        Lock icon Norquist looks for another Asian win
        92 21 AFP NEW DELHI Malaysian Open winner Gerry Norquist of the United States will be looking for his second consecutive Asian golf tour victory when the Indian Open tees off here today. Norquist and another American. Brian Watts, winner of the Hongkong Open, the First
        AFP  -  92 words
      • Article
        Lock icon Japan leads in baseball championships
        101 21 AP PERTH Japan overcame a 5-0 deficit on Tuesday to beat Australia 8-7 and maintain a perfect record at the Asian baseball championships here. The win was Japan's fourth in a roW: In other games on Tuesday. South Korea scored its fourth win in five
        AP  -  101 words
      • Article
        Lock icon Close call for cricketers
        98 21 AFP NEW DELHI An Indian Airlines plane carrying the Indian and English cricket teams made a safe emergency landing here after it was damaged by a bird minutes before its scheduled arrival, a spokesman said yesterday. A full emergency was declared at Indira Gandhi international airport
        AFP  -  98 words
      • Article
        Lock icon A witness in Tyson's corner
        95 21 AFP PROVIDENCE, Rhode Island A boyfriend of Mike Tyson's rape victim claims she made the same accusations against him more than two years before the ex-world boxing champion's conviction. Wayne Walker, 21, said on Tuesday that Desiree Washington agreed to a sexual relationship with him
        AFP  -  95 words
      • Article
        Lock icon Blood tests at Winter Olympics
        58 21 AFP LILLEHAMMER. Norway Blood tests to weed out drugs cheats are set to be introduced at next February's Winter Olympics. "It is now virtually certain that blood tests will be carried out at the Lillehammer Olympic Games." Belgian Prince Alexandre de Merode. president of the
        AFP  -  58 words
  • Page 21 Advertisements
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      48 21 The Aspiring P' AfJ jjk seeks for opportunities in the right media and the right company. Appointments Notices gives you great leads. APPOINTMENTS/NOTICES thc strajts tw«s the sunoav tim£s business times the new paper uanhe ZAOBAO UANHE WAN RAO SMINMIN DAHY NEWS BE RfTA MARIAN BERfTA (VUNGGU "I
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  • Page 22 Advertisements
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      1030 22 pi™ Nothing Boats A Bud. WHERE to wine, dine and entertain P_roio or \552™5J5f GENUINE PENANG FARE LET OUR PENANG CHEF INTRODUCE HER NEW RECIPES AT THE NEWLY RENOVATED PRINCESS TERRACE CAFE THE PLACE FOR AUTHENTIC PENANG SPECIALITIES. A RENDEZVOUS FOR FINE MEALS AT CAFE PRICES. OR LIGHT SNACKS WITH
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      Page 22 Advertisements Column 2
      330 22 Q)e/ice*s Q)u i (ja/ae& T_ op of the M is i St Qwcr proud to present CaUit you a taste of fs r if m m A Culinary Tour ot Franct mtLLU -r-.. •J A f tffXteg I 7 ->• Treat yourself to mouth-watering < 0^ Local Food at Cafe
      330 words
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  • LIFESTYLE
    • Article, Illustration
      Lock icon British movies: the great divide
      972 23  -  Despite their popularity abroad, Brits want home-grown films to be more American, reports Derek Malcolm Derek Malcolm NYT THE British divide into two camps when it comes to their movies, particularly period films done in costume. Some praise them. Others, like Alan Parker, director of
      NYT  -  972 words
    • Article
      Lock icon Rushdie divorced, remarrying soon
      327 23 CHATTERBOX AP AP Reuter SALMAN RUSHDIE, in hiding from an Iranian death threat, received an uncontested divorce decree on Tuesday after more than two years' separation from American writer Marianne Wiggins. Rushdie, 45, plans to remarry soon, sources close to the writer said last month. His
      AP; Reuter  -  327 words
    • Article, Illustration
      One for the trees
      34 23 Singers Tina Turner (left) and James Taylor (right) with British actor Sir lan Mckellen (second from left) and Dustin Hoffman at the Rainforest Benefit Concert at Carnegie Hall, New York.
      34 words
    • Article
      Lock icon Japan's women pumping iron
      537 23 NYT Many Japanese women who used to hope for a slimmer figure have turned to weight training to develop a firm, better developed feminine body. And fitness clubs are responding to their changing desires by introducing specially designed weight-training machines and new programmes. In a survey
      NYT  -  537 words
  • Page 23 Advertisements
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      Page 23 Advertisements Column 1
      102 23 1 freshTiussels from 1 31 March 1993 Mussels savour in an inexhaustible variety of styles: MUSSELS YAKI grilled with Nishiki sauce TEPPANYAKI cooked on hot plate NABEYAKI cooked on claypot priced at only $8.00 per half dozen For reservations, please call our Restaurant Manager at 322 4228/9 or 221 2811
      102 words
  • Page 23 Miscellaneous
    • Miscellaneous
      Page 23 Miscellaneous Column 1
      1287 23 TV RADIO i Scenes From A Mall, 10.30pm, J J A married couple in a cosy HjKr' relationship decide to confess their infidelities on their 16th ji f J wedding anniversary. 1 heir and Woody Allen discover that |gA it wasn't such a hot idea after -v all. A 1991
      1,287 words
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  • INNOVATION & TECHNOLOGY
    • IN TAKES
      • Article
        Solar energy plan for HDB flats wins award
        143 24 A PROPOSAL by JW Gas Consultant to use solar energy to light up streets and corridors in HDB flats, walkways and parks has clinched the BP/Straits Times Green for Life Idea Award for 1992. According to JW Gas, the scheme could save
        143 words
      • Article
        Lock icon Russians to build nuclear facility for Israel
        105 24 AFP A RUSSIAN nuclear institute has signed an agreement with an Israeli firm to build a floating nuclear facility off the Israeli coast, a representative of the Russian institute said on Tuesday. The nuclear facility would provide drinking water, Nikolai Ponomarev-Stepnoi, vice-president of
        AFP  -  105 words
      • Article
        Lock icon Antibiotic tested against gum disease
        86 24 AFP LOW-DOSE antibiotics are the latest weapons in the fight against gum disease, which affects nearly 80 million Americans. Doctors at 12 medical centres are studying low-dose doxycycline, a form of the antibiotic tetracycline, to see if it slows gum disease. Earlier studies have found
        AFP  -  86 words
      • Article
        Lock icon Introducing the laptop radar
        85 24 London Press Service THE WORLD'S first portable radar display developed in the UK is expected to make coastal policing and marine pilot navigation more effective. The Pilotwatch system, developed by dB Electronics in north-west England, is a radar display unit in a briefcase. The system can
        London Press Service  -  85 words
    • Article, Illustration
      Biosensors pumps $1.5m into new blood pressure catheter
      316 24  -  Helen Ching on the instrument which may put the company on the world catheter map Helen Ching BIOSENSORS International, which specialises in disposable medical products, has ploughed 51.5 million into developing a device that may prove indispensable during operations. The device, a
      316 words
    • Article
      Lock icon UK researchers to begin new gene-therapy for skin cancer
      508 24 NYT BRITISH researchers plan to begin a new gene-therapy treatment this year that uses a kind of genetic flagman to alert the body's immune system to seek and destroy a deadly form of skin cancer. By targeting only the cells that
      NYT  -  508 words
    • Article
      Lock icon Europe's HDTV dream founders on reality
      455 24 FT THE Single European market is only two months old. yet the community's flagship technology project has already foundered. The high-definition television strategy promised to bring cinema-quality pictures to Europe's television screens, by imposing a single standard. HD-Mac. on Europe's broadcasters. But that promise
      FT  -  455 words
    • Article
      Lock icon AT&T in tie-up to build super-fast communications network
      382 24 NYT AT&T has teamed up with the Massachusetts Institute of Technology and the Digital Equipment Corporation to build a communications network far faster than current fibre optics. The experimental network, which is being built with an US$B.4 million (S$ 13.77 million) grant
      NYT  -  382 words
    • Article
      Lock icon And now... the ozone-friendly fridge
      185 24 FT ITALY'S Candy white goods, or household appliances, group has unveiled what it says are the world's first mass-produced refrigerators which work without environ-ment-damaging chlorofluorocarbons. The new fridges use HFC 134 a, an alternative chemical which is now the front-runner to replace CFCs in refrigerator
      FT  -  185 words
    • Article, Illustration
      Lock icon Going beyond batteries to power electric cars
      693 24 Experimental fuel cells may have eternal life NYT WHEN an engineer named Steven M Misiaszek set out to test a lighter-weight alternative to batteries for powering electric vehicles, he chose a suitable candidate: a small submarine. The device worked, but Mr Misiaszek (pronounced
      NYT  -  693 words
  • Page 24 Advertisements
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      Page 24 Advertisements Column 1
      171 24 Dale Carnegie Training* develops personal abilities that can be your greatest strength in meeting the challenges of everyday living. Life takes on a new perspective as you prepare yourself for a better future. Among the many benefits of the Dale Carnegie Courses* are: Overcoming fear of public presentations Gain insights
      171 words
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  • THE LAW PAGE
    • Article, Illustration
      Lock icon Shareholders' voting rights
      1706 25  -  Walter Woon takes a look at a subject close to the hearts of share-owning Singaporeans Walter Woon The writer is vice-dean of the NUS Law Faculty CAPITALIST democracy in its purest form is encountered when one deals with companies. Where companies are concerned, money talks; and the
      Dollar$ and No$sen$e  -  1,706 words
    • Article, Illustration
      The conveyancing lawyer's companion
      703 25 A recent publication explains in detail a much misunderstood aspect of legal work in Singapore Title: Singapore Conveyancing Practice Forms, Precedents and Materials Publisher Butterworth Asia (Singapore) August 1992 0-409-9968-45 Lome leaf binder contents (1,256 pages) Reviewed by Selva Kumar MANY people must wonder why they
      703 words
    • Article, Illustration
      The high cost of justice
      361 25 AT THE MB- JUSTICE in Singapore doesn't come cheap, and the cost of administering it is going up. According to the 1993/94 Budget book, the Judicature will suffer a deficit for the first time in some years in the next financial year, which starts next
      361 words
    • Article
      11 to repeat post-grad course
      150 25  -  By Conrad Raj ELEVEN law students, including three women, will have to do the Postgraduate Practice Law Course all over again after failing the recent re-examinations. They were among 44 who had to re-sit the exam, which is set by the Board of Legal Education,
      150 words
  • Page 25 Advertisements
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      Page 25 Advertisements Column 1
      556 25 I Croup I Singmorine Industries limited I (Incorporated m the Republic of Singapore) H The Directors of Singmarine Industries Limited advise the following audited I results of the Company and the Group for the year ended 31 December 1992: I COMPANY GROUP I 1992 1991 1992 1991 I SS'OOO SS'OOO
      556 words
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  • Article
    Mulroney takes a bow
    521 26 EDITORIAL CANADA'S Brian Mulroney was never a leader in the mould of a hectoring Margaret Thatcher, an avuncular Ronald Reagan, a stately George Bush, or a charming Mikhail Gorbachev. But in the eight years he was Canada's prime minister, he gained respect. When he literally bowed
    521 words
  • WHAT THE OTHERS SAY
    • Article
      Storm clouds over Moscow
      173 26 THREATENING CLOUDS continue to hang over Moscow, spelling trouble for Russia if the gathering storm does not alter course soon. At issue is economic reform to turn 75 years of socialistic blundering into a workable market model. While President Boris Yeltsin wants to push through do-or-die
      173 words
    • Article
      A growing stake in Singapore
      162 26 APART FROM appealing to the sense of patriotism among Singaporeans to love their country, a realistic approach would be to help them to realise the dream of owning property in their homeland. The government's massive housing project has contributed to this. More than 80 per
      162 words
    • Article
      Move towards collective security
      207 26 INCREASINGLY, the Asia-Pacific countries regard the US as indispensable for the security and stability of the region rather than as an intrusive force. They recognise that they need the US to provide political stability and military security so that they can pursue economic growth and consolidate
      207 words
    • Article
      Playing to the gallery
      183 26 RARELY HAS the world undergone such a convulsion of simultaneous yet apparently unconnected terror attacks and sheer criminal violence as over the last weekend. From New York's World Trade Centre to London's Camden Market; from Zamboanga to Cairo and Azerbaijan, anonymous bombers have left their mark.
      183 words
    • Article
      Culmination of a process
      160 26 TO GET a clear and comprehensive perspective of how the people have exercised their sovereignty over the fifth term of President Suharto's administration, we should not view the current MPR General Session which will proceed for only eleven days and will most likely be the one
      160 words
    • Article
      Check the road monster
      158 26 THE NATIONWIDE traffic operation to curb reckless driving and deter habitual offenders should become a regular feature on our roads. If Malaysian drivers do not respect road safety, the others who want to live must be protected from speedsters and road maniacs who have scant regard
      158 words
  • Article, Illustration
    Lock icon End of an Irish dream
    615 26  -  Paul Majendie reports on the economic gloom which has descended on Galway with computer giant Digital's decision to close its manufacturing plant there Paul Majendie Reuter GALWAY's worst economic nightmare came true when US computer group Digital decided to close its manufacturing plant in the
    Reuter  -  615 words
  • Page 26 Advertisements
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      Page 26 Advertisements Column 1
      60 26 WILL THE MARKET STEAM AHEAD? mita (p) 101/8/92 MARCH vol 17 No 3 1993 $4 FOREX FINDS J \/f- I CONVEYANCING FRESH RISKS J jjgjf If J| L I FREE-FOR-ALL? SEMBAWANG'S jfl I(F 7 ?W. M BS SPOTLIGHTS: NEW DREAM i, MANUFA^TUIfING MM Br A $1,155 billion market j ™i,
      60 words
  • Page 26 Miscellaneous
    • Miscellaneous
      Page 26 Miscellaneous Column 1
      100 26 /HKPPV A\TMOSPH6R€.?\ we. UF\D oJe. TM,s PINX. IS BORC-... N *m>s Off IQE.? VOU J U>e COULD GET &RCK OUR OLD \K>WING? N?^2r^-?7^ MpvPpy PrrrrypsPnejge. y^KfcJ^nNG^CNE. HOU) j W77 DOONESBURY GARRY TRUDEAU IN'BSAWfI,! PIP SOME FEA- lvamut FIJI ABOUT THE AVERAGE UML.THATiIX.- UUL,IUA6 JURE WORK ANPMAPE THE UP- WORKING VZ^rrr
      100 words
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  • ANALYSIS
    • Article, Illustration
      Lock icon Oei aims to turn the Chinese rich
      1068 27  -  He was a star deal-maker here. Now he's making waves in China, turning loss-ridden state enterprises into money-spinning ones. Oei Hong Leong tells Amy Balan things he has learned along the way from Singapore to China and how he does business there Amy
      Photo by Arthur Lee  -  1,068 words
    • Article, Illustration
      'I'll never, never repeat that mistake'
      814 27 HE USED to be called an asset trader. And many probably still think of him as a maker of quick bucks. But these days Oei Hong Leong dishes out this kind of advice to would-be investors in China: "Don't make quick money. Add value
      814 words
    • Article, Illustration
      Canada is dead socialist
      655 27 AMERICA is more socialist than China, says corporate baron Oei Hong Leong. Mr Oei recently gave his views on China and its future to a group of fund managers from the US. The fund managers, who together manage a total of USSI4O billion of assets, wanted
      655 words
    • Article
      Allow people to make mistakes, to fail
      206 27 YOU MUST allow people to make mistakes, to fail So says the man who concedes that it was his mistakes which led to the problems at United Industrial Corporation (UIC) in 1990. Quoting a Chinese saying, he said: "Failure is the mother of
      206 words
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  • Article, Illustration
    Lock icon Brown warns of tough action to end unfair trade practices
    487 28 Reuter WASHINGTON Commerce Secretary Ron Brown said on Tuesday the US was prepared to act tough to put an end to unfair practices by Japan and other trading partners. "A few years back, unfair trading practices in the Far East
    Reuter  -  487 words
  • Article
    Lock icon Dunkel sees end to stalemate in trade talks
    293 28 Reuter BERGEN, Norway Arthur Dunkel, director-general of the Gatt world trade body, has praised the new US administration, saying a current stalemate in global trade talks seemed close to an end. He referred to President Bill Clinton's plan to curb the US
    Reuter  -  293 words
  • Article
    Lock icon Russian Defence Minister denies rumours of a military coup
    488 28 Reuter, AFP MOSCOW Russian Defence Minister Pavel Grachev yesterday denied rumours of a military coup in Russia while the country's top army commanders told President Boris Yeltsin that he should take resolute action to end a political crisis paralysing the country,
    Reuter,; AFP  -  488 words
  • Article
    Lock icon UK Treasury sees clear signs of recovery in economy
    361 28 Reuter LONDON The British government yesterday pointed to clear signs of economic recovery and. for the first time in more than two years, many private sector economists agreed. As the London stock market roared to a record high, the Treasury department
    Reuter  -  361 words
  • Article, Illustration
    Lock icon China and UK tipped to resume HK talks soon
    287 28 AFP HONGKONG China and Britain are set to return to the negotiating table to discuss Hongkong's political future before Beijing's takeover in 1997, a legislator said here yesterday. Allen Lee, convenor of the conservative Co-operative Resources Centre (CRC), said after arriving
    AFP  -  287 words
  • Article, Illustration
    Lock icon Evidence of war
    27 28 Reuter VISOCNIK, Bosnia Two Bosnian Serb soldiers on patrol near this eastern Bosnian village looking at a heap of empty mortar grenade boxes. Reuter
    Reuter  -  27 words
  • Article
    Lock icon Beijing to work hard for early Gatt entry
    264 28 Reuter BEIJING China yesterday pledged to work hard to achieve early membership in the world trade body, the General Agreement on Tariffs and Trade (Gatt). But a press statement from the Ministry of Foreign Economic Relations and Trade did not address specific
    Reuter  -  264 words
  • Article, Illustration
    Time ripe for Major to seize the initiative
    964 28  -  The Bottom Line NEVILLE STACK NEVILLE STACK The writer is a UK-based journalist who contributed this commentary to BT. ON THE face of it. United States President Bill Clinton and British Prime Minister John Major are peas from the same pod. Both
    964 words
  • Article
    Lock icon India opens mining sector to private investors
    220 28 UPI NEW DELHI The Indian government, pursuing a radical economic liberalisation programme. announced yesterday that it is opening the mining sector to the private sector and partially privatising the country's main oil and gas company. A government statement in Parliament said 20 per
    UPI  -  220 words
  • Page 28 Advertisements
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  • Shipping Times
    • Article
      NOL expects improved US economy to boost profits
      373 29  -  By Terence Lim SINGAPORE National carrier Neptune Orient Lines Ltd is forecasting better business this year because of improvements in the US economy and the tanker trade. It expects its North American traffic to increase 10-15 per cent from the 1992 figure
      373 words
    • Article
      Lock icon Shortage in handy-size market pushes up rates
      359 29 Knight-Ridder NEW YORK The handysize market continues to heat up on Tuesday, mainly due to a severe shortage of tonnage. Owners of the smaller-size freight are now able to lock-in earnings of as much as USS9,OOO (SS 14,700) to USS 10,000 per day.
      Knight-Ridder  -  359 words
    • Article
      Lock icon Angry US shippers to lobby for reform of Shipping Act
      311 29 Seatrade Week NEW YORK US shippers, irritated by carriers' gains in general and further provoked by rate hikes under the TransAtlantic Agreement (TAA), are bringing their cause to Congress. At a recent Washington meeting shippers met to develop a lobbying
      Seatrade Week  -  311 words
    • Article
      Lock icon Carnival expects to meet earnings forecast
      254 29 Reuter ST PETERSBURG, Florida Carnival Cruise Lines Inc said 1993 would be a "tough" year, but the company should be able to achieve analysts' earnings estimates of about U552.25 (553.69) per share. "We see it as a tough 1993, but we'll do OK as
      Reuter  -  254 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      883 29 Page Col ABC Containerlinc 12 1 Accord Group 8 1-3 •APL 5 3-5 Alpha Feeders 6 1 •ANL 3 1/2 •Arrow Trans 19 2 •ASCL 5 5 Avant Shpg 6 4/5 Avia Airways 14 4 Bait Orient Line 7 4/5 Bangladesh Shpg 18
      883 words
    • Article, Illustration
      Lock icon Liner beached after hitting wreck
      242 29 Reuter SAO PAULO, Brazil Over 530 passengers and crew aboard the Ocean Princess cruisc ship were safely placcd ashore after the vessel hit a sunken wrcck at the mouth of the Amazon River, a shipping official said on Tuesday. The 7,200-tonne Ocean Princess hit the
      Reuter  -  242 words
    • Article, Illustration
      Lock icon Evergreen's changing of guard
      777 30 Chang Yung-fa, Evergreen's founder, is focusing on the group's non-maritime activities, leaving day-to-day management of the core business to his eldest son and a longtime aide American Shipper The founder of Evergreen Group, which owns the world's largest containership line, has elevated his eldest son and
      American Shipper  -  777 words
    • Article
      DAILY FREIGHTS
      715 30 THE HANDY-SIZE market continues to heat up on Tuesday, mainly due to a severe shortage of tonnage, according to brokers. The Baltic Freight Index for spot dry cargo shipping rates fell to 1,369 from 1,370 on Monday. Owners of the smaller-size freight are now able to lock-in earnings
      715 words
    • Article
      COCKETT BUNKER MARKET REPORT
      862 30 THIS twice weekly 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
      862 words
    • Article
      TRANSPORT DIARY
      173 30 COURSES Title: Safe Handling Storage of Dangerous Goods for Operatives. Duration: March 3-17 (5 evenings) Organiser Singapore Port Institute Tel: For further details and application forms contact SPI at lei: 321-1825 (Mangagement courses) 321-1707 (Operations Courses) 321-1107 (Marine Course) or fax: 321-1416. Title: Sea Transport (SDF 70%). Duration:
      173 words
    • Article
      THE SHIPPING GUIDE
      9401 38 This is a list of ships loading at Singapore for ports around the world. It tabulates, by destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. LEGEND FN: ship calls at Penang after
      9,401 words
    • Article
      SHIPPING AGENTS
      3428 43 CONFERENCES CONSORTIA Asia-North America Eastbound Rata Agreement (Far East/North America, excludes Japan): American President Lines; Sea-Land; Neptune Orient Lines; Maersk Line; Nippon Yusen Kaisha Line; Mitsui OSK Lines; Nippon Liner system; "K" Line. Trans-Pacific Westbound Rate Agreement (North America/Far East): American President Lines; Sea-Land; Neptune Orient Lines; Maersk
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    • Article
      COURIER SERVICES
      273 43 Abacus Couriers Tel: 545-8011, fax: 545-1898 Air Lxpress I rau-l Td: 533-5771. Fax: 535-6144. Airborne Freight Corporation Tel: 542-8844 Fax: 542-3716. *****80 Airswift Worldwide Courier Tel: 278-0188. Fax: 273-8283. AJN Supplies Tel: 748-6322 (2 lines). 747-7421. Fax: 742-8975. 1 its-Link International Td: 344-3377. Fax: 345-6450. Cluster Link Supplies
      273 words
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      AIR FORWARDERS
      1512 43 \bex Lxpress Freight Tel 542-7171 Lax: *****84. Vclinic Forwarder rd: 225-1833. Lax: *****42. Xctisair Singapore rd: 542-7822. Lax: *****20. Xerolink Freight International rd: 545-8033 Fax: 5450W5 Xerospeed Td: 542-5911. Lax: *****18. Air Cargo Noto Lxpress Td 542-5454. Lax: *****06 Air Lxpress International Tel: 542-7666. Fax: *****74. *****50 Air
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      PORT CONDITIONS
      1882 44 ALBANIA Durres: Seven vessels in port of which 2 discharging general cargo. 1 Hour, 1 potatoes. 2 wheat, 1 loading general cargo. ANGOLA Soyo: Kwanda base and Quinfuquena terminal remain occupied by Unita forces. Loading according to programme at Palanca. there is a posssibility that loading will resume
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    • Article
      SHIP SALES & TANKER RATES
      1449 44 SHIP SALES TANKER RATES WE have seen a wide variety of deals reported this week, including newbuilding tankers and VLCC demolition, newbuilding/second hand panamax bulkers, and of course the old favourites handy/handymax bulkers. On the dry side the interest surrounding the newbuilding resale panamax bulker from Daewoo, delivery Aug 93
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    • Article
      AIR FREIGHT SCHEDULE
      555 44 ARRIVALS Op Flight l>pe ETA T From TODAY KAL KE697 B747F 0150 1 StL SIA SQ827 B747F 1730 2 CPH/DXB CLX CV794 B747F 1845 1 LUX/DXB NCA KZ203 B747F 1930 I NRT KAL KE685 \30F 2345 I SEL/MNL JAL JL6I5 B747F 0240 1 H'O NWA NW901 B747F
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      CRUISE & FERRY SCHEDULES
      498 44 CRUISE FERRY SCHEDULES CRUISE SHIPS Att Dep Name of Vessel ETA LTD Ports of Calls Port Agent Telephone No MARCH 04 04 Rotterdam 0800 1800 World Cruise Nedlloyd Lines (S) 321-0170 04 05 Royal Viking Queen 1300 2300 Sin- Malaysia/1 ndon Barwil Agencies 225-2577 05 05 Regent Spirit 1000 1800
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    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        726 45 Berth Amwai Departure Jurong Port &>*' Seraya 06,93 J2 alongside 04 03/0700 "*a Ren No 16 J2 alongside 04 03/1800 Indian Renown V972 J15/16 alongside 04 03/1800 Kuala Stak Vl/B J3 alongside 04 03 0600 1 >4/5 alongside 0403/2300 Tropical 12/B J3 alongside 04 03/1800 Arhtis Orwn
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        MALAYSIAN PORTS
        117 45 ft,.* mwrc »wi Berth: 1: nil; 2: Sri Nam Hua No.3; 3: ml; 4: nil; 5: BRG. Munar 11, SA, 6: ml. 01 Jetty: Kilchem Baltic. Sun Marina. Sukun. D.CJ: Pernas Butane, Kokuei Maru No.3. Due on Mar 3: Atlantic Sea. Lodestar Prince. Johan 111. Lian Keong, Tomoh
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        CONTAINER SCHEDULES
        1791 45 im', :i 323 IMPORT CONTAINERS IN PROGRESS a* Voy No Contanen mfaUc a* Voy No Container avs febte T«er Bridge 245N 0203 93 0320 Myan Progres 66N COO(EST) 02.03 93 2300 Karun Jaya 1 344 02.03.93 0700 Mette Ms 9304 COO(EST) *****3 1500 Kota Paniang KPJ09N 02.03.93 0800
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    • AIR AND LAND TRANSPORT NEWS
      • Article
        Lock icon Relaunched Compass Airlines facing financial problems
        429 48 AFP SYDNEY Six months after its relaunch, Australia's newest domestic carrier. Compass Airlines. flew into financial trouble again as shares in its parent company were suspended from trading in the local bourse yesterday. Southern Cross Airlines Holdings Ltd. which relaunched Compass Airlines last August,
        AFP  -  429 words
      • Article, Illustration
        Lock icon Train service briefly suspended by bomb threat
        283 48 Blast at World Trade Center in New York Knight-Ridder NEW YORK Fort Authority Trans Hudson (PATH) train service underneath New York's World Trade Center has been restored after an earlier shutdown tied to a bomb threat that later proved to be hoax, according
        Knight-Ridder  -  283 words
      • Article
        Lock icon GM says Japan must reduce car imports to EC
        483 48 Reuter GENEVA General Motors Europe said that unless Japan acts to cut car imports to Europe. the deal which allows Japan increased access to EC markets could be threatened. "Japan will have to reduce imports to Europe in 1993, otherwise they
        Reuter  -  483 words
      • Article
        Lock icon Aircraft leasing firm slashes new share offer price
        349 48 AFP DUBLIN The aircraft leasing company GPA is offering shareholders new shares at one thirtieth of the valuation made less than a year ago. The company, a major force in the purchase of new aircraft and in the provision of leased aircraft
        AFP  -  349 words
      • Article
        Lock icon European airlines see recovery taking off
        197 48 Reuter BRUSSELS European airlines are at last seeing their fortunes picking up with their overall traffic growing 10 per cent in January against the same period in 1991, the Association of European Airlines (AEA) said. "Member airlines started the year on a fairly buoyant
        Reuter  -  197 words
      • Article
        Lock icon Mazda's European plan
        125 48 Bloomberg Business News TOKYO Mazda Motor Corp, the smallest of Japan's major automakers, has decided to withdraw from a plan to produce cars in Europe with a subsidiary of Ford Motor Co. Japan Broadcasting System reported yesterday. A Mazda spokesman said his office was trying to verify
        Bloomberg Business News  -  125 words
      • LOG BOOK
        • Article
          Lock icon Emirates wins passenger service award
          93 48 Reuter SINGAPORE Middle-East airline Emirates scored a recent success in its goal to emulate Singapore Airlines (SIA). Last month, the Dubai-based carrier won the annual Passenger Service Award for innovative and quality passenger service from the US-based international travel magazine. Air Transport World. Besides SIA,
          Reuter  -  93 words
        • Article, Illustration
          Lock icon Easy rider
          27 48 Reuter TOKYO A woman, in a wheelchair, demonstrates an East Japan Railways prototype of a lift designed for climbing stairs in Japanese railway stations. Reuter
          Reuter  -  27 words
        • Article
          Lock icon Air New Zealand lifts half-year profit
          119 48 AFP AUCKLAND Air New Zealand said yesterday its unaudited net profit for the six months to Dec 31 was NZS6O.9 million (5552.3 million), a rise of 8.7 per cent from a year earlier. In a statement to the New Zealand Stock Exchange, the airline
          AFP  -  119 words
        • Article
          Lock icon Aeromexico gets control of Aeroperu
          88 48 Reuter MEXICO CITY Acrovias dc Mexico (Aeromexico) said it had completed, along with its Peruvian partners, the purchase of 70 per cent of state airline Aeroperu. The Mexican carrier paid USS36 million (5559.04 million) of the total USSS4 million purchase price for a 47 per
          Reuter  -  88 words
        • Article
          Lock icon S Korea exporting more vehicles
          106 48 Reuter SEOUL South Korea's vehicle exports in February rose about 51 per cent to 42,713 units from 28,261 a year earlier due to diversification into new markets, the Korea Automobile Manufacturers' Association (Kama) said. "Advancing into the new markets was the major reason behind the
          Reuter  -  106 words
        • Article
          Lock icon Toyota suspends off-season hiring
          89 48 AFP TOKYO Japan's Toyota Motor Corp, due to a continued slump in car sales, has suspended hiring full-time production workers outside the regular recruiting period, a company spokeswoman said yesterday. The move is the first such one taken by the top Japanese car maker since July
          AFP  -  89 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1314 48 cttj nw no fhm rre Abu Dhabi GA887 1500 Adelaide QF81 1935 Qf82 2050 SQ228 2040 Amsterdam SQ319 0810 KL838 2350 KL837 1545 Athens SQ347 1730 Auckland NZ21 1710 BA11 1310 NZ28 1840 SQ288 2045 Bahrain GF148 0850 B Seri Begawan BI421 1105 SQ182 0930 SQ181
        1,314 words
  • Page 29 Advertisements
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      Page 29 Advertisements Column 1
      5 29 Castrol The Leading Lubricant Specialist
      5 words
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      Page 29 Advertisements Column 2
      20 29 Lines and sendees represented Members of the Registry of Accredited (tm7?Xv <>/- advertising enquiries, contact Shipping limes: I'el 710- 20X9/ 710-2090
      20 words
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      Page 29 Advertisements Column 3
      342 29 THE FAMOUS gP n <b %AWAtm ■imilgl* 224 1833 For more information please refer to Pg. 13 Evergreen's changing of guard, Page 2 Compass Airlines in trouble, Back Page You've posted a manager to head your Tokyo office. The Straits Times Weekly Overseas keeps him posted. Yourson is studying overseas.
      342 words
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  • Page 30 Miscellaneous
    • Miscellaneous
      Page 30 Miscellaneous Column 1
      609 30 TODAY'S TIDES (height in metres) HRflt 0000 0100 0200 0300 0400 0500 0600 0700 0800 0900 1000 1100 1200 1300 1400 1500 1600 1700 1800 1900 2000 2100 2200 2300 ft 1.4 1.5 1.6 IJ 2.1 2.3 2.4 2.5 2.4 2.2 1.) 1.6 1.3 1.1 0.9 0.8 0.9 1 1
      609 words
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      Page 31 Advertisements Column 1
      2653 31 H OOCL (S) PTE LTD JARDINE SHIPPING AGENCIES *%|f#* BOOKINGS TEL: *****34 *****58/ *****40 AIVMr CFS (PSA F5) TEL: *****21/ *****79 ■IBM JARDINE SHIPPING AGENCIES SDN. BHD. PCwCm 7 PETALING JAYA TEL: 03-*****76 FAX: 03-*****42 t. PENANG TEL: *****4 FAX: *****1 CFS TEL: *****6 Dedicated to Quality Service ipom tel
      2,653 words
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      Page 31 Advertisements Column 2
      1067 31 For advertising enquiries, contact Shipping Times: Tel 740-2089/740-2090 13= U ASC Ilk j UNITED ARAB SHIPPING CO.(SAG)H§ US East Coast ■|~»a7wt sm mc m. m w I M IMOOM MIM 4/13 I; 04 14/14 U/M 11/84 ■msm mm 21/43 tj/m ivm nm am a nwi mim im i li/ti u/ti
      1,067 words
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      Page 31 Advertisements Column 3
      1272 31 NEXT SAILING TO CARIBBEAN/MEXICO/CENTRAL AND SOUTH AMERICA MC-KINNEY MAERSK V.9304 ETA SIN 9TH MARCH 1993 V6M«I vor ETA ETD Feedw by Sea Lark/ A/m DESTINATIONS Thn MM MC-KINNEY MAERSK V 9304 MPHCT—IITOIWMMMM 1900 CFS 9/3 MOO MRS JOH LPK PEN OAK LOG HOU SOO ATL MIA CHS BAL PHL NYC
      1,272 words
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      Page 32 Advertisements Column 1
      780 32 TAQABA] ROAM/ lI appfia VOY NO S PORE JEDDAH (via JED) S TON H'BURG ANT HAVRE KAQA 28/108 4/3 21/3 24/3 22/3 (jSnSnOIM LUDWIGSHAFEN EXPRESS 06/308 6/3 15/3 21/3 24/3 27/3 29/3 31/3 rWRLMI IBM KASUGA 1 25/109 11/3 27/3 30/3 28/3 CNMO TO UK/CONTMNT LEVERKUSEN EXPRESS 11/309 13/3 22/3
      780 words
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      Page 32 Advertisements Column 2
      596 32 nszmm FCL Breakbulk Service to: AFGHANISTAN MAM Afghanistan Ltd., I Sole Foreign Forwarder in Kabul for all services P C.1.5.-Vootochny, Vladivostok, Moscow, Tashkent, I Kiew, Minsk, Riga, Baku I North Korea Vietnam e Mongolia e Hungary CSFR e Poland U ocwrans EAST)LTP I NOUAKCHOTT-BANJUL-BISSAU-LUANDA-BATA L Feeder Vessel ITA SIN I
      596 words
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      Page 32 Advertisements Column 3
      1502 32 K3 ami /mi acss REGULAR INDEPENDENT FULL CONTAINER SERVICE VSL/VOY SIN ALG BCL* HAM BRE# ROT ANT* FEL LHA NORASIA AL MUNTAZAH 9301-3 09/03 30/03 31/03 04/04 05/04 06/04 07/04 0«/04 09/04 NORASIA SAMANTHA 9302-3 16/03 06/04 07/04 11/04 12/04 13/04 14/04 15/04 16/04 NORASIA SUSAN 9303-S 24/03 14/04 16/04
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  • Page 33 Advertisements
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      Page 33 Advertisements Column 1
      2060 33 STRAITS SHIPPING PTE LTD AM Chiang Road #11-01 Keppei Towers Singapore 0208 Tel: *****88 Fax: *****17 S ,s out sms J TO cammoia STRAITS ttNTUW Vo6i Muari. Lab KK 0? 03 Mi, M ll> lIS llk KMS kCRUBI VO4E KK. Skan. law 04 05 Ma, OS Mar 07 Mv RAJAH
      2,060 words
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      Page 33 Advertisements Column 2
      2608 33 SINGAPORE AGENT: HWjfl IjXtl I P&O Containers (Singapore Agencies) Pte Ltd X ViUllidlllvl O 10 Hoe Chiang Road #07-01 KEPPEL TOWERS. SINGAPORE 0208 W\' V*V Te<: 225 2233 Telex: RS ***** PNOCSP Fax: 225 5327/222 7517 WP V CR Number: **********0Z IMPORT Y *«w *I*o iS |ALO too AWT NOT
      2,608 words
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      Page 34 Advertisements Column 1
      710 34 I INDONESI^ATIONAnN^^ i iiiniim i »a ww ]T «w«m I tr—tl MOPI mw wnw trim I 10-12/3 I 8/4 n/< iv< 11/4 TO AUSTfMLU^^^ EAST COAST POUTS wt/wr rui store stp Imiß laws |f« apci 60WA »3S 9/3 8/3 22/3 26/3 2/4 MMO TEMAStK MS 22/3 2b/3 6/4 9/4 3/4
      710 words
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      Page 34 Advertisements Column 2
      1759 34 HANJIN SHIPPING I FDR W. SM UK HAUL SEA PO* fDR VSI SM IIME HAUL SAV Ul NYC HARM ELUAKTM 007E 6/3 OKCT 25/3 27/3 HAMM SEOUL 131E 1/3 K HONGKONG 83K 1/4 9/4 11/4 HAMM VANCOUVER 012E 13/3 OKCT 1/4 3/4 HANM KDAN6YAN6 OMI 8/3 M. EUWPI 088 15/4
      1,759 words
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      Page 34 Advertisements Column 3
      1478 34 d I rl -TT3T^ m ik w u w m rt ae rro uu cms bm. nk lmv wr mi w nk psd en no. I lan K455 4/3 VI lt/l 12/1 14/1 It/) 17/) IV3 N/1 21/] 22/3 2/4 14/4 U/4 17/4 27/4 21/4 2V4 N/4 1/5 U/S 21/5
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      Page 35 Advertisements Column 1
      1376 35 j ACE: 'NORMANDIE BRIDGE 24W ETA SGP 06/03/93 II jijjgjg II ETA RDM 22/03/93 FLX 23/03/93, BRE 25/03/93, LEH 27/03/93 HI II R3 SCX: Connecting N. Diamond Voy 12E In Hkg 28/03/93 HI *R4 SCX: Connecting C. Pegasus Voy 12E In HKG 04/04/93 H NORTH WEST EXPRESS (NWX) SINGAPORE CALIFORNIA
      1,376 words
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      Page 35 Advertisements Column 2
      428 35 ©HEUNG-A SHIPPING II Korean Flag Vessels FULLY CONTMNERISED SERVICE TO: HONGKONG, BUSAN, INCHON, MOM STRAITS/KOREA SERVICE FKI SM SUR HKG BSN MC MOl CHOTMC SIM W3M 03/03 ot/03 10/03 14/OJ 15 03 IS 03 DO 7 DONAM 302N 09/03 12/03 21/03 2C/03 21/03 lifWNtD 310N 16 03 17/03 21/03 25/03
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      Page 35 Advertisements Column 3
      163 35 CENTENARY SHIPPING I SERVICE WEEKLY FOLL CONTAINER DIRECT SERvial SINGAPORE/HO CHI MINH CTTY Now providing Container Trucking toVungtau, from Ho Chi Mlnh City VESSEL S NAME VQY. WW ETA/P SPORE ETA/D HCM CITY TAN AM AIR 79M/S 09-09 MAR 1212 MAR 93 TAN AH AM SONS 19-16 MAR 19-19 MAR
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      Page 35 Advertisements Column 4
      1157 35 m sinsov SINGAPORE SOVIET SHIPPING CO PRIVATE LTD BOOKINGS: BALT ORIENT LINE: *****64 FESCO: *****06 BLASCO ODESSA: *****51/*****31 ENQUIRIES: *****33 KL: 03-*****75/697 PORT KELANG: *****43/ *****40 JAKARTA: *****57 PENANG: *****4/ *****8 JOHORE BAHRU: *****1/ *****1 MARINE INSURANCE SERVICE: *****87/ *****87 (REGULAR INDEPENDENT SERVICE) FULL CONTAINERSHIP SERVICES EASTBOUN)—DISCHARGING WESTBOUND-LOWING TRANSHPPED VIA
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      1501 36 K" V AS AGENTS: KAWASAKI SINGAPORE (PTE) LTD ICR No: **********0 M) W mmm v mm m TEL *****77 TELEX: KAWAKIRS23I6S FAX: *****07/B^9 I I li MALAYSIA: "K" LINE MARITIME (MALAYSIA) SON BHD AIl Mill TEL SA *****00 PK 36 ***** PEN *****0 JB *****1 PGU *****5^6 MM KAWASAKI KISEN
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      Page 36 Advertisements Column 2
      1163 36 PHIUOni€NT LI MS PT( LTD 108 Robinson Road #07-00 GMG Building Singapore 0106 1 Tel: *****22/*****69/*****00 Telex: RS ***** Fax: *****76/*****38 BY AIR, LAND OR SEA.... WE TAKE ON THE WORLD FOR YOU MH3 MEMBER OF SINGAPORE FREIGHT FORWARDERS ASSOCIATION roiAd somen 8 MAR SYDNEY. MELBOURNE. BRISBANE. FREMANTLE 7 MAR
      1,163 words
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      Page 37 Advertisements Column 1
      868 37 (jSSSyify PACIFIC INTERNATIONAL LINES (PTE) LTD I 140 Cecil Street #03-00 PIL Building. Singapore 0106. I I K CR NO **********0€ I VESSEL VOY SIN HKG SIN CMB JIB NOD JED AOJ PZU KOTA JATI JTIO7W 9/3 13/3 20/3 22/3 25/3 2t/3 KOTA WUAYA WJAO2I 16/3 21/3 25/3 31/3 3/4
      868 words
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      Page 37 Advertisements Column 2
      1595 37 EXPRESS CONTAINER SERVICE TO UK-NORTH CONTINENT-SCANDINAVIA WEEKLY F P GUDANG PENANG P KELANG OCEAN VSI/VOY SIN SOU (1) RTMI2) HAM (3) GOT (4) E 5/3 5/3 6/3 SELANDIA 3082 9/3 26/3 28/3 29/3 31/3 E 12/3 12/3 13/3 BENALDEP 3092 16/3 2/4 4/4 5/4 7/4 D 19/3 20/3 TQYAVA 3102
      1,595 words
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      Page 37 Advertisements Column 3
      306 37 BSA° TRANSPORTATION MA MYANMA Ifißfe FIVE STAR LINE (Myanmar National Line) Loading for Yangon (Rangoon) Spore P.KI( Pen P.Gdf PAGAN VI94M 11/13 Mar MYOMA TWA VI47W 14/16 Mar 10/12 Mv PATHHN VI22W 13/15 Mar MALAYSIA AGENTS BOUSTEAO SWPPWG AGENCIES KUL TEI 03-*****00 PKL TEI 03 36*6767 PEN: TEL 04 6161J5
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  • Page 39 Advertisements
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      53 39 1/CT VISA FREIGHT SERVICES PTE LTD Q JHamJ Established Since 1984 OCEANIA PORTS regular jggggggr lcl consolidation AUCKLAND SYDNEY IMPORT EXPORT MELBOURNE FREMANTLE SERVICES FOR BOOKING SAILING SCHEDULE. CALL THE TOTAL TRANSPORTATION PEOPLE. VISA FREIGHT SERVICES PTE LTD VISA LCL CONSOL PTE LTD TOLL-FREE TEL: 1800-*****66 TOLL-FREE TEL: 1800- *****34
      53 words
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      3002 40 Full Container LinCE* &€fViCGS Malaysia's Agents: Indonesia's Agents: Central Agents: Booking Agents: Gun Guan Shipping Sdn Bhd Chung Chiao Shipping Sdn Bhd P.T. Global Pntra Indonesia Maritime Costir Shipping Pte Ltd Shipping Fmgkt Mn« Cntn SAM 58 Persian Rap Muda Musa Lot 3.34. 3rd Floor. Jl IR H Juanda ill/14
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      668 41 (ft FAMOUS CONTAINER LINES —10 ANSON RD. #15-21 INTERNATIONAL PLAZA, S PORE 0207 HOT LINE: *****33 (24 LINES) LIMASSOL/PIREAUS 8/3 ROTTERDAM 8/3 HAIFA/ASHOOO/ALEXANDRIA 873 HAMBURG/BREMEN 8/3 MARSEILLE/FRANCE 8/3 FELIXSTOWE/UK 8/3 BARCELONA/SPAIN 873 LEHAVRE/ANTVKRP 8/3 GENOA/ITALY 873 GOTHENBURG/SCANDINAVIA 873 LOS ANGELES/WC/IPI 6/3 SYDNEY/MELBOURNE 6/3 NEW YORK/EC 673 FREMANTLE/ADELAIDE 673 VANCOUVER 16/3
      668 words
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      Page 41 Advertisements Column 2
      679 41 RICHFIELD MARINE AGENCIES (S) PTE LTD UTEL: *****33 (12 Lines) FAX: *****15/*****03 TELEX: RS ***** RISHIP (3 Lines) ETHIOPIAN SHIPPING LINES (National Lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL VESSEL VOV ETA I LOADING FOR SPORE ANCHNET 30WB 10/04 DARESSALAAM MOMBASA DJIBOUTI ASSAB MASSAWA NETSANET 2MM IS/OS DARESSALAAM MOMBASA D-MBOU'I
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      Page 41 Advertisements Column 3
      657 41 JAKARTA BANGKOK una wt m w |m |w» mrnnm mmm RAJA 3HUM MS 5/3 9/3 6. KOaNTSEV UN 4/3 Sw 7/3 IHANA BHUM 20S 7/3 10/3 M 5/3 Ml 9/3 MAMA BHUM flTs 10/3 MTI §5? *11 W 3 nu nm 7= TjJl 77~, P SENTOSA 25N Sri </3 I«
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      Page 41 Advertisements Column 4
      326 41 ra mm BAY OF BENGAL SERVICES nca sim m «ms/u 1112/13 10-11/03 I cm OOMNSH 24CN OM7/O3 15-10/03 22-23/03 I nsa mm S7M 10-11/03 immj 24-*vo3 I nta— g mm 15-10/03 22-24/03 jo-31/03 mm lixw 00-10/03 10-20/03 20-20/03 I UDIX 437 14-15/03 21 25/13 31-01/04 I EMU MBS 112 17-11/03
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      1466 42 P44MAC-NELS GROUPAGE I |PENANG: (04) *****6 SIBU: (084) *****9 KUCHING: (082) *****3 w V P.KELANG: (03) *****77 JAKARTA: (21) *****32 SURABAYA: (31) *****0 COMPETITIVE RATE TO HONG KONG 3 SAILINGS WEEKLY (MON/WED/FRI) FOR ROOKING, PLS CALL *****76. *****75. *****22 OLOBEUNK FORWARDERS PTE LTD 1 TEL.* *****3$ (18 UNEB) FAX: *****88/*****42
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      Page 42 Advertisements Column 2
      242 42 BLUE STAR LINE SINGAPORE TO AND FROM NEW ZEALAND AND PACIFIC ISLANDS SM AKL LYT SM PROSPECT 23S 10/3 23/3 25/3 10/4 #N 2 STAR 6S 20/3 1/4 3/4 20/4 PREMKR 23S 4/4 17/4 19/4 4/5 WITH OPPORTUNITY TO CAll BRtSBANf ON Of) ABOUT 27 3 FULLY CONTAINERISED SAILINGS DISCHARGING
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      1005 42 f THONG SOON UNES PTE. LTD.] 77 ROBINSON ROAO #15-00, #16-00 SIA BUILDING SINGAPORE 0106 TEL: *****88 FAX NO: *****11, *****22 TLX: RS ***** CARRER, RS ***** JENHOL CABLE: TOSOCO CONVENTIONAL/CONTAINER BOOKING UWfc 2275Q68 SINQAPOWi:TO SARAWAK VESSEL VOY SPORE lEST VESSEL VOY STWE ICST EQUATOR 111 81/3E 05 MAR KUCHING
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      Page 45 Advertisements Column 1
      53 45 —-i Tfie Executive Housekeeper -this hotel O I wants is me. fcob I'll never neglect L Any Job. Any Career. Available Any Day. Any Time. Anywhere. The Straits Times The Sunday Times Business Times The New paper LIANHE ZAOBAO LIANHE WANBAO SHIN MIN DAILY NEWS BERITA HARIAN BERITA MINGGU Hw
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      623 46 cosco I UKC CONVENTIONAL SERVICE VESSEL PKL PNG P G LOADING FOR A VESSEL 28/03 Rotterdam/Antwerp CHINA CONVENTIONAL SERVICE VESSEL PKL PNG P G LOADING FOR: A VESSEL 15/03 20/03 Huangpu/Guangzhou COSCO FULL CONTAINER SERVICES (FCL/FCL) EXPORT TO: CHINA/BANGKOK/HONGKONG EUROPE/CONTINENTAL WEST MEDITERRANEAN AUSTRALIA US WEST COAST PERSIAN GULF/KARACHI Please refer
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      Page 48 Advertisements Column 2
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