The Business Times, 16 December 1993

Microfilm: NL18968
Total Pages: 52
1 52 The Business Times
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  • Title Section
    Masthead
    12 1 Business Times WE KNOW ASIA MITA(P) 010/12/93 Thursday December 16 1993 75•
    12 words
  • 2am LATEST
    • Article
      Lock icon Dow Jones down 11 points
      63 1 Reuter NEW YORK Wall Street stixks continued lo trade on Ihe downside into cariy afternoon yesterday, under pressure from a decline in Eastman Kodak. and general caution. US Treasuries were at their session highs, with the long bond up 12/32 to yield 6.27 per cent.
      Reuter  -  63 words
    • Article
      Lock icon Britain to stark nuclear waste plant
      71 1 Reuter LONDON The British government has given the lo-ahead to the start up of the Controversial Thorp (Thermal Oxide Reprocessing Plant) nuclear waste reprocessing plant in north-west England. Environment Minister John Cummer told Parliament vesterdav. The £2.8 billion (SS6'6 billion) jlant at the Sella
      Reuter  -  71 words
  • Article, Illustration
    MARKET SUMMARY
    115 1 Stock Market i —i; iHlfCcS \VtdacMfci> Chaa«e STII .2.271.24 18 93 KLSE Composite. .1.116 09 23.43 Nikkei 1 17.489.15 180 42 Hang Seng .9.945.26 -76.22 SET Index .1.519.06 36.07 Jakarta Composite ...543 84 7.76 CLSA China B .1.341 56 -4 09 Aust All Ord ...2.069.9 -16.7 FTSE 100
    115 words
  • Article
    DBS Land consortium bags prime HK site for HK$3.9b
    522 1  -  By Sylvia Wong SINGAPORE DBS I .and made its third major property acquisition in as many days yesterday, this time as part of a consortium which dinched a prime residential site in Kowloon. Hongkong, at a recordhigh price of HKS3.94 billion
    522 words
  • Article, Illustration
    MHS to buy 32pc stake in Malaysia Airlines
    421 1 SINGAPORE Management control of Malaysia Airlines (MAS) is poised to pass into private-sector hands for the first time in the carrier's history. Be mama news agency yesterday reported that Bank Negara, Malaysia's central bank, has agreed to sell 224 million MAS shares
    421 words
  • Article
    Lock icon Bad move to raise US interest rates now, says Clinton
    313 1 Bloomberg Business News WASHINGTON It would be a mistake for the Federal Reserve Board to raise interest rates "because there's no inflation threat in this economy". President Bill Clinton said on T ucsday. Mr Clinton told a small gathering of
    Bloomberg Business News  -  313 words
  • Article
    Lock icon Former Salomon trader jailed
    205 1 AP NEW YORK The former head of Salomon Inc's government securities trading was sentenced on Tuesday lo four months in a minimum-security prison for his role in the 1991 Treasury auction scandal. US District Judge Pierre also fined the former trader, Paul Mozcr. USS30.000 (SS47.700). Mozcr
    AP  -  205 words
  • Article, Illustration
    Relief in region over US-EC trade deal
    478 1  -  By Schutz Lee SINGAPORE The success of the Uruguay Round of talks under the General Agreement on Tariffs and Trade (Gatt) will be a "great relief for Singapore, which has so much at stake. Deputy Prime Minister Lee Hsien Loong said yesterday. His
    478 words
  • Article
    Lock icon Jubilant Gatt chief all set to bring Uruguay Round to a successful close
    449 1 Reuter AFP GENEVA A buoyant Gall chief Peter Sutherland was set yesterday lo bring Ihe gavd down on world trade negotiations. successfully ending seven years of bargaining lo guide commerce into Ihe 21st century and spur world
    Reuter; AFP  -  449 words
  • Article
    Lock icon Main points of Tuesday's US-EC accord
    159 1 AFP, Reuter AP. Audiovisual: No agreement on movies and TV programming. The issues are excluded from the broader treaty, but the industry will be included in the general framework of the Uruguay Round Financial services: Few significant market openings, though Ihe agreement will allow
    AFP,; Reuter; AP.  -  159 words
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      147 1 CD Ml IfevmnM CO l|/*r mV 08? Souat PnciwsQD Ojngct CimMMr Fujrrsu TEN AMATEUR PHOTO STORES PTE LTD. Phono *****33 Kuala lampar Ptw* 757 0233 tarn* Phone 615 985/619 014 Mtarti: Phone. 35M*****388 S»or» Nm 7 I>y**w _7t.72 US rnwa ?SJ6 WbrW ton frll Mpa 19 Ctoe/U2. SS »37 Fftor*
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      8 1 Innovation: Pg is Clear gains for fuzzy logic
      8 words
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      30 1 Hock Lock Siew: pg 21 Uj Sesdaq firms: small is attractive Hongkong stock exchange allows short-selling Page 23 Trading resumes for shares of companies raided by HK police Back Page
      30 words
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      79 1 Line: Pg 20 Swir&jwts business before politics lit fjftj Each dish is brought to perfection with the master's touch The Superior Shark's Fin for XT WFc, 1 true Cantonese cuisine connoisseurs. I We prepared it urt/b a variety of tantalising tastes. JUOL A delectable array of fx l\ enticing dishesfor
      79 words
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      26 1 I CERRUTI1881 SWISS WATCHES Vtme is on my side WM( H r !> I I!., EDITORIAL Page 18 World trade enters ae* era GATT FOCUS, Page 7
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  • SINGAPORE NEWS
    • eye on the ECONOMY
      • Article, Illustration
        Lock icon Economic surge sustainable
        315 2  -  By Anna Teo IHL SI RONO economic rebound of recent quarters, leading to a forecast growth of close to per cent this year, can he sustained ne\l sear, says Overseas Union kink's economic research department. The hank cites five development* to support its projections for the Singapore
        Source: OUB  -  315 words
    • Article, Illustration
      Clans urged to be in tune with times to draw younger members
      168 2 CLAN associations should rejuvenate themselves with new blood and work closely with grassroots organisations. Senior Minister Lee Kuan Yew said last night. Clan associations could not find good leaders because young Singaporeans, mostly Fngiish-cducatcd. were not drawn to
      168 words
    • Article
      Companies secure US$20m in orders from Indian exhibition
      387 2  -  Procurement Electronics India the first such exhibition in Bangalore By Teh Hooi Ling ABOUT 30 companies which joined a recent trade show in India are projecting sales of US$20 million (about SS3I.K million) over the next six to 12 months to (he
      387 words
    • Article
      Joint bid for new HK airport cargo contract
      289 2 CHAN'GI International Airport Services (CIAS) and Singapore Airport Terminal Services (Sals) have joined forecs to bid for the right to operate a cargo terminal at Hongkong's proposed Chek Lap Kok Airport. Earlier this year, the two Singapore cargo-handling agents were separately prequalificd
      289 words
    • Article, Illustration
      MRTC reduces total deficit by 15pc
      361 2  -  By Rahita Elias THE Mass Rapid Transit Corporation (MRTC), the builder of the MRT system, reduced its total deficit by 15 per cent in its last fiscal vear ended March 31. 1993. According to its 1993 annual report released yesterday. the MRTC's expenditure exceeded
      361 words
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      189 2 Protect Your Computer Investment. Buy An Epson. EPSON OCBC OPENS ITS 3rd GATEWAY TO CHINA-TIANJIN Today marks a new era in the history of OCBC It will further strengthen our regional position Bank as we drop anchor In TlanJIn. As the first and and extend our network, which spans Malaysia,
      189 words
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      49 2 REDISCOVER RADIO l It never dawned an me that Radio 1 plays such a good variety of music. I find it really enjoyable. I have it on all day, rediscovering the legendary classics such as Simon and Garfunkel, Dusty Springfield, Cliff Richard and the Carpenters. 26, Accountant Radiol 90.522
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  • THE REGION
    • Article
      Bangkok govt approves tax incentives for offshore banks
      433 3  -  From Alan Boyd in BANGKOK FOREIGN operalors are expected to play a stronger role in Thailand's offshore banking business after approval of a ta* package that puts Thailand in direct competition with Singapore. The Thai government said yesterday it had agreed to
      433 words
    • Article, Illustration
      Lock icon Remains of six people found
      374 3 KL condominium collapse AFP. Bernama KUALA LUMPUR Rescue workers scouring tonnes of rubble of a collapsed high-rise apartment block yesterday found the highly decomposed remains of six people, officials said. The otTicials said the first remains found in the mangled steel and concrete were that
      AFP.; Bernama; Reuter  -  374 words
    • ASIA NOTES
      • Article
        Lock icon Bank Negara to clear Labuan cheques
        73 3 AFP KUALA LUMPUR Malaysia's central bank yesterday said it would assume all cheque-clearing functions of the international offshore financial centre of Labuan. The move marks an important development in promoting the island off the eastern state of Sabah as a vibrant offshore centre. Bank
        AFP  -  73 words
      • Article, Illustration
        Lock icon Path of destruction
        41 3 AFP NAGA. Philippines For the past week, the Bicol province in eastern Philippines has been battered by both typhoons Lola and Manny. This house, teetering dangerously towards a river bank on Tuesdav, was a victim of Lola. AFP
        AFP  -  41 words
      • Article
        Lock icon Japan Arms buy less foreign property
        80 3 Bloomberg Business News TOKYO A Japanese Construction Ministry report says Japanese real estate companies' investment in overseas property fell 46.9 per cent on the year to 194 billion yen (SS2.7 billion) in the fiscal year ended March 31, Jiji Press reported yesterday. The companies'
        Bloomberg Business News  -  80 words
      • Article
        Lock icon Sino-Soviet bridge to help trade
        53 3 AP BEIJING China and Russia will build the first bridge across their border lo facilitate trade, an official report said yesterday. The pontoon bridge will stretch across the Amur or Hcilong River to link Mohc in north-eastern China's Hcilongjiang province with Galinda. the Xinhua news
        AP  -  53 words
      • Article
        Lock icon Japan-China fibre-optic cable system
        68 3 AFP HONGKONG Hie first fibre-optic cable syslem between China and Japan went into service yesterday, opening fibre-optic connections between China and the rest of the world. The Chinese Ministry of Post and Telecommunications. Kokusai Denshin Dcnwa Co of Japan and AT&T of the US inaugurated the
        AFP  -  68 words
    • Article
      Lock icon More foreign direct investment expected in Malaysia this year
      415 3 Bernama WASHINGTON Foreign direct investment (FDD »o Malavsia is projected to increase to' USS4.4 billion (SS7.0 billion) ihis year from USS4.1 billion I he previous year, a senior economist at the World Bank said here Kwang Jun said yesterday thai Malaysia.
      Bernama  -  415 words
    • Article
      Lock icon Philippine duty-free shops getting out of hand: finance chief
      199 3 AFP MANILA The operation of duty-free shops in the Philippines is "getting out of hand", and the government is readying actions to deal with the problem. Finance Secretary Ernest Leung said here yesterday. President Fidel Ramos previously ordered the operations of
      AFP  -  199 words
    • Article
      Lock icon Indon military pledges firmer action against protests
      134 3 AFP JAKARTA Indonesia's military commander Major-Gen-eral Hcndropriyono said the military would not tolerate any more protests especially those insulting the head of state, the Armed Forces daily reported yesterday. "We will arrest them," the daily quoted Maj-Gcn Hcndropriyono as saying in reference to
      AFP  -  134 words
    • Article
      China warns of chaos in run-up to '97 HK handover
      478 4  -  From Catherine Ong in HONGKONG HONGKONG tabled the first part of Governor Chris Patten's electoral reform bill in the legislature yesterday, inviting an angry reaction from China. The bill contains the less contentious elements of Mr Patten's broader package of
      478 words
    • Article, Illustration
      Lock icon Industrial accidents claim 11,600 lives in China
      320 4 AFP BEIJING Industrial accidents claimed 11.600 lives in the first eight months of 1993 a rise of 112.9 per cent on the same period last year and the government yesterday called for urgent action in the wake of Monday's disaster. Urging all departments
      AFP; Reuter  -  320 words
    • Article
      Lock icon China's timber in danger of depletion: forestry minister
      253 4 UPI BEIJING Decades of overcutting and development has almost completely depleted China's mature timber resources. the country's forestry minister has said. Minister Xu Youfang attacked peasants and real estate developers who have between them destroyed 2.2 million hectares of forest in the
      UPI  -  253 words
    • Article
      Lock icon Taiwan's investment climate rated world's 2nd best: Beri
      253 4 AFP TAIPEI Taiwan's investment climate has been rated the world's second best by the US-based Business Environment Risk Information (Beri) consultancy, despite declining foreign investment on the island. economic officials said yesterday. Beri, a risk assessment and consulting firm, said in its
      AFP  -  253 words
    • Article
      Lock icon Prosperity of China will not lead to expansionism: Qian
      422 4 AP BEIJING China's increasing prosperity will not lead to military expansionism. Foreign Minister Qian Qichen promised in an essay published yesterday in the leading newspaper. the People's Daily. Mr Qian also dismissed Western speculation that China might follow the course of
      AP  -  422 words
    • Article
      Lock icon HK bank says Beijing expected to continue posting strong growth
      424 4 Reuter HONGKONG China is likely to continue recording strong economic growth next year, said Anthony Russell, managing director of China services for HSBC Holdings' Hongkong Bank. 1993 for China's economy has been another year of stunning achievement, and looking ahead
      Reuter  -  424 words
    • Article
      HK govt plans old-age pension scheme
      302 4  -  From Catherine Ong in HONGKONG THE HONGKONG government. rejecting a proposal for a central provident fund, said it plans instead to set up an old-age pension scheme (OPS) for the elderly. After reviewing 176 submissions made in response to a consultation paper released 10
      302 words
    • Article
      Lock icon Seoul pleased with accord on rice import
      485 4 Reuter SEOUL South Korean officials said yesterday they were pleased their trade negotiators achieved better-than-expected conditions for opening the country's rice market to international competition. But the buoyant mood has not altered the scepticism of some economists who believe liberalisation could eventually have
      Reuter  -  485 words
    • Article
      Tokyo panel to present report today on liberalising economy
      532 6  -  From Anthony Rowley in TOKYO AN INDEPENDENT commission set up to advise on the deregulation of the Japanese economy will present Prime Minister Morihiro Hosokawa today with what promises to be an unusually hard-hitting report. The commission headed by Gaishi Hiraiwa,
      532 words
    • Article, Illustration
      Lock icon So that's where all the taxis are
      62 6 Reuter KARACHI Some of the thousands of taxis imported under a controversial job-creating scheme introduced by former Pakistani prime minister Nawaz Sharif but not sold after the scheme was suspended by a caretaker government last October. I he Supreme Court has ordered the
      Reuter  -  62 words
    • Article
      Lock icon Japan's supplementary budget passed
      173 6 Reuter TOKYO Japan's second supplementary budget for the current fiscal year was approved last night by the full Upper House of Parliament and bccamc law. The passage ts likely to step up pressure on Prime Minister Morihiro Hosokawa to announce stimulative measures to help the gravely
      Reuter  -  173 words
    • Article
      Lock icon Enormous arms build-up in Asia causing concern
      482 6 AFP WELLINGTON The enormous scale of an arms build-up in Asia is causing concern in military circles here, the Ministry of Defence's Defence Quarterly magazine said yesterday. An article in the magazine said Asian nations will be spending NZ$240 billion (SS2I2 billion) a
      AFP  -  482 words
    • Article
      Lock icon US fears Islamic bomb, nuclear know-how among Muslim states
      363 6 AFP ISLAMABAD The US fears an "Islamic bomb" and the transfer of nuclear technology from one Islamic nation to another. a US Senate delegation said here yesterday. "There is a great fear of an Islamic bomb in Washington, and other places,"
      AFP  -  363 words
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      460 3 FOREST MANAGEMENT CONSULTANTS PTE LTD A Member ai llofwah International GST-ACCOUNT WORKSHOP beyond an overview, industry-tailored, designed for accounting stiff Workshop No Industry Date j Workshop I Manufacturing/Trading 10 January 1994 (Mon) Workshop 2 Construction 12 January 1994 (Wed) Workshop 3 Real Estate 17 January 1994 (Mon) Workshop 4 Services
      460 words
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      130 4 rj Should we run fhts by <J ru2y oi qaaulcuuis. vou on S4.-i T (J Bouillabaisse. c ZTI Q Q I Roasted Quail with O Xvos a toAv al a vv oxixi m**. al dente pasta, jfes J uAiAMAAva qAjiw. t xvqj a/uxrrux Zabagfrone. j /l/l and the creamy voice
      130 words
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      32 4 C•fes'O MAOZEDONG COMMEMORATIVE 100TH ANNIVERSARY GOLD MEDALLION IS FINALLY AVAILABLE IN SINGAPORE!! t 1893 1993 MAOZEDONG MEDALLION PRESENTATION Golden Shower III. Orchard Parade Hotel 17th 8l 18th of December 1 lam-8 pm
      32 words
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      352 5 >'-£ir5 fl^H -vi l^H v y v lka l^BI ivoUHK B^^^^BMCTB5flMH5r»P^J^B3HHW^^^KBHP^IF%pCy^^^^^^^BI D I^H n^^B* Br r J*v££ IJ RlSTa IS VS HThi Nil E «ii. B vBHI B I ■H^^H IBmF'r&n-/-JiJuHhi ■KlMi^flMBMH^H pFl K Wr* |HB I:::::::::::: I if 1 I B fl H 3&L- v %i f- f n
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      140 6 Hpt t-~ A fellowship built on trust. A unity of perfect rhythm. A will to be best of the best. That's the spirit of Saratoga. CONCORD SARATOGA TRIPLE CROWN 18CT GOLD MAN'S WATCH POWER RESERVE. 24-HOUR COUNTER, DAY AND DATE SINCE I90 8 AUTHORISED DEALERS Asia Watch (Parkway Parade), Chew
      140 words
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  • GATT FOCUS
    • Article
      Lock icon Gatt: kingpin of tariff cutting, world trade expansion since '48
      457 7 AFP GENEVA The General Agreement on Tariffs and Trade (Gatt), run by a small secretariat with a staff of about 400. has been the kingpin of tariff cutting and world trade expansion since 1948. The General Agreement is a "contract"
      AFP  -  457 words
    • Article
      Lock icon France may back Brittan as next Commission president
      263 7 Reuter PARIS France could back European Community Trade Commissioner Leon Brittan to succeed Jacques Odors as president of the European Commission in 1996 after his firm handling of Gatt trade negotiations, government sources said on Tuesday. The sources said French ministers had
      Reuter  -  263 words
    • Article
      Lock icon Lack of accord over aero industry worries Germans
      244 7 AFP BONN German aviation industry spokesmen expressed fears on Tuesday that lack of EC-US agreement over the aero industry in the Gatt world trade talks could be fatal for European planemakcrs. However, the German federation of chambers of commerce and industry welcomed
      AFP  -  244 words
    • Article, Illustration
      Lock icon US entertainment industry slams European barriers
      720 7 Bloomberg Business News GENEVA The US film and television industry on Tuesday attacked Europe's refusal in world trade talks to remove its barriers to entertainment products as "protectionism without a mask". American trade negotiators vowed to fight the restrictions past the completion or the
      Bloomberg Business News  -  720 words
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      199 7 V A-y t vy H| TJ It L'\ t I W't'M'll I I I' 'M t ,n »I IS I 1 111 Hi 1 1>. 1111 I M I '< I I' i 1 11 J11 I Hi iUii I li I |> l( »11IVJ C 1 I > IIUIU'I
      199 words
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  • THE WORLD
    • Article
      Lock icon Bundesbank expected to stand by monetary targets, key rates
      490 8 AFP FRANKFURT The Bundesbank was expected to stand staunchly by its monetary targets and key interest rates at the last council meeting of the year today while watching the mark suiTer from the Russian election result, economists said yesterday. Most economists
      AFP  -  490 words
    • Article
      Lock icon UK retail inflation under control, sales stronger than expected
      252 8 AFP LONDON Britain's retail inflation remained well under control in November while retail sales rose more strongly than expected, figures released by the central statistical office (CSO) suggested yesterday. Britain's annual inflation rate was unchanged at 1.4 per cent in the
      AFP  -  252 words
    • Article
      Lock icon UK public sector borrowing requirement set to grow
      269 8 Reuter LONDON Britain's public sector borrowing requirement (PSBR) is set to grow in November but the number is unlikely to sound warning bells as most economists are focusing on the longer term trend. "November's PSBR will be influenced largely by seasonal factors
      Reuter  -  269 words
    • Article, Illustration
      Lock icon After the tragedy
      48 8 AFP CAIRO Egyptian women watching rescue teams searching tbe debris of houses in tbe Zabbalia (garbage collectors) suburb here on Tuesday. A landslide had sent huge rocks crashing down on tbe buildings, killing at least 22 people, with the death toll expected to rise. AFP
      AFP  -  48 words
    • Article
      Lock icon Russian hardliners may take up to two-thirds of parliamentary seats
      387 8 AP Reuter MOSCOW Ultra-national-ists and other hardline groups could take up to two-thirds of the seats in parliament afler President Boris Yeltsin's allies were shattered in elections, according to projections yesterday. Russian newspapers projected the ultra-nationalist Liberal Democratic Party, the
      AP; Reuter  -  387 words
    • Article
      Lock icon Mexico in bid to attract investment in transport sector
      472 9 Reuter MEXICO CITY Mexico is lowering barriers to foreign investment in its transport sector in a bid to attract some of the billions of dollars needed to build up the country's rundown infrastructure. Mexico's narrow roads and old trains cannot handle
      Reuter  -  472 words
    • Article
      Lock icon Franco-German cooperation best bet for European peace: Mitterrand
      244 9 AFP PARIS Continuing cooperation between France and Germany is the best guarantee of a peaceful future for Europe in the face of new threats to its unity, French President Francois Mitterrand said yesterday. Writing in a special edition of a publication called
      AFP  -  244 words
    • Article
      Lock icon Another Brazil official quits over govt economic plan
      267 9 Reuter RIO DE JANEIRO The leader of the government in Brazil's Chamber of Deputies said he was resigning because he disagreed with the administration's current economic policies. "I disagree with the ideas held by (Economy Minister Fernando Henrique Cardoso's) economic team," Roberto
      Reuter  -  267 words
    • Article, Illustration
      Lock icon US can repel N Korean attack on South, says head of Joint Chiefs of Staff
      342 9 NYT WASHINGTON In his first news conference since being sworn in as chairman of the Joint Chiefs of Staff. John M Shalikashvili sought on Tuesday to reassure allies and the American public that the United
      NYT; Reuter  -  342 words
    • Article
      Lock icon Rome pledges to back troubled broadcast firm
      226 9 Reuter ROME Italy's government, under fire from striking journalists at state broadcaster RAI, pledged on Tuesday to back the cash-strapped body but refused lo be forced into hasty action. Reporters called an immediate protest strike on Tuesday after the government failed to approve
      Reuter  -  226 words
    • Article
      Lock icon Canadian economy expected to show growth over next 2 years
      443 10 Reuter TORONTO Every- Canadian province is expcctcd to show economic growth over the next two years, the Royal Bank of Canada said in a report released yesterday. In its Provincial Forecast Report, the bank's economics department said growth will be
      Reuter  -  443 words
    • Article
      Lock icon Pentagon confident of resolving US$50b shortfall in budget
      250 10 Bloomberg Business News WASHINGTON The Defence Department, needing about USS50 billion (SS79.7 billion) more than it planned over the next five years, is approaching the budget meeting tomorrow with President Clinton optimistically, aides to Defence Secretary Les Aspin said on Tuesday. "We're
      Bloomberg Business News  -  250 words
    • Article
      Lock icon E Germans hit back in TV comedy series ridiculing W Germans
      280 10 Reuter BERLIN A new east German television comedy scries ridiculing westerners began airing on Tuesday night in response to last winter's satincal series about a western German bigot who ranted about lazy easterners. Trolzki is the title of the
      Reuter  -  280 words
    • Article, Illustration
      Lock icon No right to die
      40 10 Reuter VANCOUVER 43-year-old Sue Rodriguez, who is dying from an incurable nervous disorder, is comforted by Member of Parliament S»end Robinson after the Supreme Cowl of Canada turned down her plea for a doctor-assisted suicide. Renter
      Reuter  -  40 words
    • Article
      Lock icon Poland wants to join Nato to avoid split by Moscow, Bonn
      232 10 AP WASHINGTON Failure to admit Poland into the North Atlantic Treaty Organisation could tempt Russia and Germany to carve the country up again. Poland's foreign minister said on Tuesday Referring to the 1939 Hit-ler-Stalin pact to split Poland. Ukraine
      AP  -  232 words
    • Article
      Lock icon Clinton's job approval rating climbs 10 points
      362 10 AP WASHINGTON President Clinton may have had a rough year, but a new poll suggests he would win re-election against either Bob Dole or Jack Kemp, and in three-way contests with either of the Republicans plus Ross Perot. The poll of 1,000 voters
      AP  -  362 words
    • Article
      Lock icon M-E peace process gets UN General Assembly support
      157 10 AFP UNITED NATIONS The General Assembly set aside its traditional hostility towards Israel on Tuesday, voting overwhelmingly for a resolution voicing unconditional support for progress made to date in the Israeli-Arab peace process. The assembly said the Declaration of Principles between Israel
      AFP  -  157 words
    • Article
      Lock icon US productivity at 20-year high, but pay rises may not keep up
      431 11 Reuter WASHINGTON Americans are working harder and producing more than they have for 20 years, but it is unclear whether those benefits will be passed on to workers in higher wages. The Labour Department reports that output of
      Reuter  -  431 words
    • Article
      Lock icon Number of Americans without health insurance up 2.3m
      256 11 Bloomberg Business News WASHINGTON The number of Americans without health insurance rose by 2.3 million in 1992 to 38.9 million. a study released on Tuesday said. The decline came as coverage of people who work for small businesses dropped amid a struggling
      Bloomberg Business News  -  256 words
    • Article, Illustration
      Lock icon Gatt back
      54 11 AFP PARIS French farmers hostile to the Gatt accords throwing a metal crowd-control barrier towards riot police daring a demonstration called by the grass-roots Rural Coordination movement on Tuesday. The demonstrators tried in vain to force back barrages set up to block access to the Hotel Matignon, the
      AFP  -  54 words
    • Article
      Lock icon US schools becoming more racially segregated
      367 11 Study shows reversal in 30 years of progress towards integrated classrooms FT WASHINGTON Schools in the US are becoming more segregated by race, thus reversing 30 years of progress and of policy designed to produce more integrated classrooms, says a new, federally commissioned study.
      FT  -  367 words
    • Article
      Lock icon UK's Nov jobless figure expected to show decrease
      273 11 Reuter LONDON Figures due today are likely to show that unemployment fell again in Britain in November, but by less than the surprising 49,000 drop recorded for October, economists say. The consensus forecast is a 10,000 fall in the seasonally adjusted total,
      Reuter  -  273 words
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      1513 8 BUSINESS TIMES NOTICES TOI.L-FRRE TP.I., No. 1-800-741-1883 I AX 741-1298 I MtaBBval T)wCwaaaaMAeLC*.M M taTtobMMaf MB MOT! BftBTMBflt PTE LTD taswasa ihf 1M «1ttJ» m f» Spade Raacfcx»na wi OK brtwwe jKCMiRESOUfnO^T^ OHJOUOkTX3N OF 1>« OOWWY T>et <rw Company ba wound up ■MSaji. A AmmtVetr or uqudatqm That Ito Bkabafi
      1,513 words
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      652 8 IN THE MATTER Of THE COMPANIES ACT. CAP 60 PURSUANT TO SECTION 290(2)(b) and IN THE MATTER OF GOiDENMLL PRIVATE UMTTED IW inil i nl« ri i MIWi riiai n I l«i\ \n» iwnMfi vwunury TYmarrvg up/ Al sn Extraordinary General Meeting of the above named Company duly convened and
      652 words
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      271 9 THE r BREACH OF JOINT VENTURE CONTRACTS 20 21 January 1994 Kuala Lumpur 24 25 January 1994 Singapore PROGRAMME Dr J W Carter Legal issues raised by Joint n D < C omb,. ma. uj <s*** y Venture Contracts ¥Um Principles Governing Breach UNnfUsmr OF syDNEr of Contracts cotunum« FREEH
      271 words
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      254 9 BUSINESS TIMES/ANNE KLEIN FEMALE EXECUTIVE WORKWEAR PROMOTION of it" mr §1HBE L1dH jTj?; ■Mf|r If you think of Business Tunes as a boring financial paper, you must be one of those who equates power dressing with stuffy suits and severe skirts. Here's a chance for you to change your thinking
      254 words
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      307 10 The new 1994 Honda Accord. A story of contrasts. More powerful yet more fuel efficient. Wider yet no heavier. So much more performance yet quieter. Sportier yet more spacious. Not seen, yet more than a thousand were booked in Singapore. Just launched in the US, yet already the best-selling car
      307 words
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      508 11 $1,490 to $7,500. > 1 wi V- I To be honest, the machine# if you look very closely I If 11 K. <- Rouge are you can actually see the musk K |1 Wjj known aa pocket watches. playing, because inside I -Nl u Reuge watch a little instru-f-i /"N
      508 words
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  • Page 12 Advertisements
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      680 12 Nothing Beats ABucLlftHfffl Wuwo or Alan Ng, food writer of Ltanbc Zeo6ao,"li'» t high tea of distinct difference from tlwae we had tried locally Why go Penang? Prince™ Terrace Cafe introduces Penang High Tee with favourite* like Penang Laksa, Pried Kw>y Teow, Bubur Hitam, Hokkien Mee and more. Adult $ll.tO+
      680 words
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      Page 12 Advertisements Column 2
      218 12 WHERE TO WWE, DINE AND ENTERTAIN TO VELLOUI RIBBON BT CLUB 5 Yellow Ribbon Nlfht. fsr levtbrds is dart laod wxswntt Wtl mab yam My M nm special One-fer-ant offer oe iandv4 dntdu and t fuhton \hom U bna| her o*er Emy Tlwnday and bt a J i"" PLAZA Hora,
      218 words
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      Page 12 Advertisements Column 3
      388 12 LUNCH ACROSS A INTERNATIONAL A Sj. BOUNDARIES DURING jvni DECEMBER ,^4 Festive fare aad variety. Aa irrtsiittble 1 cotabaMiMa tkai makes Tof af the M a "mu*t" L< 5^^,, lunch destiaatioa fw December f For reservatwaa, p4eaaa call 734 6151 739 Kit Seasaaal BafTat SS 01 Dac 13 Dec H
      388 words
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  • LIFESTYLE
    • Article, Illustration
      Lock icon From perfect wife to perfect mother
      633 13 Myma Loy, once known as the Queen of Hollywood, died on Tuesday at 88 Reuter Actress Myma Loy. "the Queen of Hollywood" whose career spanned the history of movies and took her from exotic vamps to "perfect wife", died on Tuesday in New York
      Reuter  -  633 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      328 13 #> CHRISTMAS NIGHTMENU (By Reservations Only) Vol A*/ V«rt (Pastry salted puff rfwta) with Mushrooms Parma Ham and Motor "Capnooosa* r stuffed tomatoes Lamb stuffed FWvtofcs 8 utter and Sage-sauce «Aosta Valet style Lasagnas Spaghettis weh Rock Lobsters sauce Rcaai Tixtey Hoest Potatoes Fish Rlet w«h Ofr**s Burrer Sauce Camas
      328 words
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      Page 13 Advertisements Column 2
      64 13 A toast to Sunday. Now when you brunch at Capers you'll find more than sumptuous Asian and Continental favourites for only $32** per adult and 116" for children under 14. The 155' 'Champagne Brunch includes a bottle of the bubbly for two. Cheers! 1 r zz ihe i OiggMt SINGAPORE
      64 words
  • Page 13 Miscellaneous
    • Miscellaneous
      Page 13 Miscellaneous Column 1
      1281 13 TV ARAPK) IMBH11 |l .III •IIIIM BE In Parenthood. 10.30pm. SBC S This comedy is a mosaic of how dilTcrcnt parents (Jason *7 a Robards. Steve Martin. Rick Moranis. Diannc Wicsi) relate with their kids. The narrative >> doesn't really there are lots of great lines, and Marscream Funny Girl,
      1,281 words
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  • SPORTS
    • Article, Illustration
      Tee-off for US$2.7m event in Jamaica today
      322 14 Gotr Johnnie Walker World Championship JAMAICA The US$2.7 million (SS4.3 million) Johnnie Walker World Championship, recognised as the climax lo the golfing year, tees off from the Tryall Club in Montego Bay on the exotic West Indian island of Jamaica today. World number
      322 words
    • Article
      Lock icon Steelers show football can be exciting
      816 14  -  George Vecsey takes a fresh look at the game George Vecsey NYT MIAMI For years I've been insisting that football puts me to sleep, that all they ever do is run or pass or kick, in between commercials. Then Peter King of Sports Illustrated
      NYT  -  816 words
    • Article, Illustration
      Lock icon Hawks make it 14 in a row
      183 14 AP CLEVELAND The Atlanta Hawks won their 14th straight game on Tuesday night, making coach Lenny Wilkens' return to the Richfield. Ohio. Coliseum against his former Cleveland Cavaliers a success. The Hawks took the lead on Staccy Augmon's Alley-Oop dunk with two minutes
      AP; Reuter  -  183 words
    • SPORT SHORTS
      • Article, Illustration
        Lock icon American Football
        186 14 Reuter Reuter HOUSTON American footballer Jeff Aim apparently killed himself with a shotgun on Tuesday alter bona involved in a car crash that killed a dose fhend who was his passenger, police said. The Houston Oilers team member was 25. Authorities said the Oiler* defensive tackle, from the
        Reuter  -  186 words
      • Article, Illustration
        Lock icon Baseball
        124 14 AP NEW YORK A record 273 baseball players made USUI million or more this year, topped by Chicago Cubs second baseman Rync SandbeTg at USS6.J79.213. according to a salary study by The Associated Press. While the number of milboodotlar players increased by just six from 1992. the percentage decreased
        AP  -  124 words
      • Article, Illustration
        Lock icon Basketball
        290 14 AP AP SACRAMENTO. California Bobby Hurley was alert and his condition improved following a car crash that initially left the Sacramento Kings rookie fighting for his life. "We arc very pleased about what wc heard this morning," said coach Garry St Jean on Tuesday. "Boh ts doing better. M
        AP  -  290 words
      • Article, Illustration
        Lock icon Wrestler dies after collapsing
        52 14 AFP BREMEN, Germany US wrestler I-any Cameron. 41, being carried on a stretcher on Monday as the audience at an international wrestling event looked on. Cameron broke down daring a fighting pause for some still unknown reason and died soon after that, despite attempts to revive
        AFP  -  52 words
      • Article, Illustration
        Lock icon Boxing
        101 14 Reuter BAY ST lOl'IS. Mississippi Four-time world champion Roberto Duran celebrated his tCXXh pro fight by outsluggmg a man half his age as the 42-year-old Panamanian stopped Tony Mencfee in the eighth round of a middleweight bout on Tuesday. Duran knocked Mcncfee down in the fifth round and again
        Reuter  -  101 words
      • Article, Illustration
        Lock icon Ice hockey
        32 14 Reuter NEW YORK NHL funday. Detroit 5 Anaheim 2; NY Islanders 4 New Jersey I; Pittsburgh 4 LA 2; Tampa Bay I Montreal I (OT), Calgary 8 Vancouver 4. Reutcr
        Reuter  -  32 words
      • Article, Illustration
        Lock icon Skiing
        98 14 AP SESTRIERE, Italy Alberto Tom ha. quickly rebounding from a giant slalom rout, triumphed in Tuesday's World Cup slalom at Scstricre to ulence his critics and capture his 31st career victory. The 26-vcar-oid Italian ski star showed the explosive style which earned him the nickname of La Bomba (The
        AP  -  98 words
      • Article, Illustration
        Lock icon Yachting
        121 14 AFP FREMANTLE. Msfralla The American yacht H'inrtofi has been granted more than 21 hours in a time correction and moved to second place on the second leg of the Whit bread round-the-world race after going to the rescue of another competitor, race ofTicials announced here yesterday. An international jury
        AFP  -  121 words
    • Article
      Lock icon Jordan's retirement voted top sports story of 1993
      676 14 AP LONDON Michael Jordan's global fame has been confirmed hy the results of an international survey of the top sports stones of 1993. The stabbing of tennis star Monica Seles was the No 2 story and Sydney's selection over Beijing as host
      AP  -  676 words
  • Page 14 Advertisements
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      252 14 BUY NOW AND HAVE FUN CYCLING RARV TO SENTOSA WITH YOUR WHOLE FAMILY Model ANTARES for rear $133 Model ORION for front $111 MAMT0U USA Fti Suspension with MANfTOU 3 Shock XTR pari ***** $5400 RUOY PROJECT Italy RJ Suspension withMraxft XT Shock $6960- $4160 PARAMOUNT USA ni Suspension XT
      252 words
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      Page 14 Advertisements Column 2
      293 14 THE AURORA 88: THE FIRST FOUNTAIN PEN EXHIBITED AT THE MUSEUM OF SCIENCE AND TECHNOLOGY. j KmM i =r-fe> if 1 I I *^jk 1919: Aurora «u founded. Sine* that year its pen* ban ngnH die neat Mfmfteant pa§m of modem writing, finding a place on the world's noK important
      293 words
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  • INNOVATION & TECHNOLOGY
    • Article, Illustration
      Clear gains for fuzzy logic
      620 15  -  Ven Sreenivasan on products with human-like intuitive abilities Ven Sreenivasan IN STRIVING for precision. science has had a long-standing tradition or relying on quantitative methodology for its deductive processes. The classic programs designed to make a machine "intelligent" are based on binary systems which enable
      620 words
    • Article, Illustration
      New Codec saves power in phones
      88 15 SINGAPORE GEC Plesscy Semiconductors has a new Codec (compression-decompression) design for digital mobile telephones that cuts average power consumption for this type of integrated circuit by up to half. GEC Plessey describes the new design, called the MV3I00. as a "complete, programmable, integrated audio
      88 words
    • Article
      Lock icon Comprehensive map of human genes
      284 15 AP Scientists have created the most comprehensive map yet of the human genes, an achievement that should speed up the search for disease-causing genes. The map covers nearly 90 per cent of the strand-like material called DNA that holds the estimated 100,000 human genes, researcher
      AP  -  284 words
    • Article
      Lock icon Hand-held phones safe, says study
      111 15 iniixkes Bloomberg Business News WASHINGTON A National Institute of Health (NIH) study found that the radio waves emitted by hand-held cellular telephones fall well within national safety standards, the Associated Press reported. The study, to be released later today, was conducted by Om Gandhi, an
      Bloomberg Business News  -  111 words
    • Article, Illustration
      Lock icon Driverless cars, automated roads?
      1052 16 It seems like a dream solution to US traffic problems. But the dream could turn into a nightmare AP COMPUTERequipped cars driving themselves on automated highways. A scene out of "The Jetsons"? Not exactly. Smart cars and highways have quietly emerged as the latest and most
      AP  -  1,052 words
  • Page 15 Advertisements
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      28 15 SPH AUDIOTEX SERVICE Your window to telephone information services! Call 24 hours a day to find out what we have to offer on InfoLine and other AudioTex Services
      28 words
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      Page 15 Advertisements Column 2
      143 15 What do PCI, IBM, Motorola and Hewlett-Packard have in common? SCOTLAND PCI, the Singapore Scotland offers: telecommunications contract manufacturer, has joined 400 Excellent supply infrastructure multinational companies in Comprehensive subcontractor choosing Scotland as their network European base. Highly skilled and productive Scotland, where 35% of all force personal computers and
      143 words
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  • Page 16 Advertisements
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      118 16 i k iTTTTTT^^H I I r4 I'M Irl m i tiBM I f A I M.'l'i.VM I'll Til I <Mr M Hi!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! iv II WmW i|l J J(l P n I ii!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! m m in fj: J JJ J i i'J™" ij jyULJLj I mm} d jLVUL- m mm l
      118 words
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  • THE LAW PAGE
    • Article, Illustration
      Just how much should a doctor tell?
      1481 17  -  Foo Kim Boon looks at fresh considerations when consent in medical treatment is required Foo Kim Boon The »»riter is l\ [<Uk Senior Stale CaumH in I* Attorney-Oentral a Chamlmfi The viewj e\pre\sed in lht\ anide. how ever, are in fib personal capacity.
      1,481 words
  • Page 17 Advertisements
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      16 17 r*. AD-LIB Candid views from people in the news. Conversations At Raffles. Every Other Saturday. BusinessTimes
      16 words
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      Page 17 Advertisements Column 2
      192 17 is to by From its earliest Longines has made future happen in a close of technology Auguste Agassiz charted the destiny of Longines As a forerunner, Longines provided instruments ana timepieces to those who opened new frontiers, induding Lindbergh, Byrd and I Amundsen. And Longines' I V<->, constant search for
      192 words
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  • Article
    World trade enters a new era
    520 18 EDITORIAL Willi the suspense now over and with the Uruguay Round of multilateral trade talks all but signed and sealed, the world will no doubt heave a huge sigh of relief. Australian Trade Minister peter Cook, was spot on when he said that wrapping
    520 words
  • WHAT THE OTHERS SAY
    • Article
      Hope yet for Mother Russia
      194 18 ENDORSEMENT of President Boris Yeltsin's 137-ar-ticle constitution was the most positive development of all in last Sunday's elections, and might be the saving of Russia against reactionaries and revanchists. And with his executive authority revalidated, Mr Yeltsin now has a much better chance of guiding
      194 words
    • Article
      Good start, but long road ahead
      209 18 THE PAST YEAR has hardly been a good one for peace. There was little question who deserved the Nobel Peace Prize, and little surprise that it was shared between South Africans F W dc KJerk and Nelson Mandela. The bond between these men seems
      209 words
    • Article
      Checks on travel agents
      134 18 THE STPB now has more teeth to act against errant travel agents. Under the new penalties, the board is given the power to suspend errant agents for two to six months. The agents can also be fined $200 to S1.000 in composition penalties. The fines are
      134 words
    • Article
      Yeltsin only half victorious
      164 18 1 HE LATEST Russian general election has highlighted some unusual phenomena. For one. the prestige of the ultra-nationahst Liberal Democratic Party has been rising steeply. The second is that the Communist Party has still been able to get extremely widespread support. But this, perhaps, cannot simply
      164 words
    • Article
      No more faulty towers
      220 18 BUILDINGS do not collapse for no reason. Structural engineers and geological experts who visited the site of the Kuala Lumpur condo tragedy feel that the landslide from the hill at the back of Block A could not have been the sole cause of the collapse of
      220 words
    • Article
      Ensure building safety
      148 18 THE COLLAPSE of the Highland Towers apanment building in Hulu Klang should spur the authorities to call for an urgent re-evaluation of all hillside construction. But what about older high-rise apartments buildings that arc already up and standing'' Shouldn't efforts be made to ensure the safety of
      148 words
  • Article, Illustration
    Lock icon Beware the voters' response to heartless firings
    794 18  -  Richard Cohen cautions against the growing trend of major US corporations slashing their workforces not because they have to, but to make bigger profits Richard Cohen The Washington Post XEROX, the company whose name is synonymous with photocopying. has duplicated the shortsighted policies
    The Washington Post  -  794 words
  • Page 18 Advertisements
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      258 18 Booms and Busts Is history about to repeat itself or are we entering die WjW _T// golden age of the I Asian stock market? s 7 W\/r /"MWw' ALSO IN THIS ISSUE: I I The hard road to franchising Suogj+s A blitz of business news Sri Lanka: Telecommunications paradise? Goodwood
      258 words
  • Page 18 Miscellaneous
    • Miscellaneous
      Page 18 Miscellaneous Column 1
      32 18 PH TWir4KirvlG ABOUT OfA-V ANOTHER 0 ptf MiGWT... -rue, SftoRTS *KD SOCIPIL FORTNIGHT... DOONESBURY GARRY TRUDEAU P WHA77... I VXJU& ACHAP CHTOUK, rrjr^r<' TOUCAN BUT NO IONG6&-■ THB-60L' IXR(MN X HCJTI' TXJQ&.NG-
      32 words
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  • ANALYSIS
    • Article, Illustration
      Europe begins to understand flexibility is the key
      1022 19  -  As the feasibility of a four-day workweek is debated, Salil Sarkar discusses the new thinking in Europe about how to tackle chronic unemployment. The accompanying articles describe how recession-battered Japanese companies are having to abandon lifetime employment traditions and a new Australian
      1,022 words
    • Article
      Lock icon Once-secure Japanese find the job market scary
      1012 19 Bloomberg Business News LONG the envy of the West. Japan's relatively low jobless rate could set a post-war high sometime next year, as ailing Japanese companies break with tradition and finally give excess workers the heave-ho. Tougher times have already arrived. Word came
      Bloomberg Business News  -  1,012 words
    • Article
      Lock icon From those in work to those out of work
      647 19 Bloomberg Business News A CONTROVERSIAL proposal to tax workers to finance training programmes for the long-term unemployed heads the list of recommendations in a new federal government discussion paper on coping with Australia's high jobless rate. The paper, released yesterday, urges
      Bloomberg Business News  -  647 words
  • Page 19 Advertisements
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      135 19 (Slide j* The choice of scholars Timed for publication in midFebruary, when students awaiting their GCE results begin to enquire seriously about the scholarship opportunities available, the Scholarship Guide '94 is the ideal medium for organisations to reach aspiring scholars. The Guide enables major public and private sector organisations to
      135 words
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  • Article, Illustration
    Lock icon HK firms raided by police resume trading on bourse
    321 20 Bloomberg Business News, AFP HONGKONG Seven companies that police targeted on Tuesday in a massive raid operation resumed trading yesterday after a one-day suspension. Some investors took the opportunity to sell their stakes in the companies but those shares which were
    Bloomberg Business News,; AFP  -  321 words
  • Article, Illustration
    Lock icon Britain, Ireland sign landmark peace pact, offer talks with IRA
    483 20 Reuter LONDON Britain and Ireland yesterday agreed on a landmark peace declaration aimed at ending 25 years of sectarian bloodshed in Northern Ireland and offering conditional talks with the political wing of the Irish Republican Army (IRA), Sinn Fein. But
    Reuter; AFP  -  483 words
  • Article
    Lock icon Aramco wins bid for Philippine oil refiner
    374 20 AFP. Reuter MANILA The Arab American Oil Co (Aramco) of Saudi Arabia yesterdav put up a record US$502 million (SS803.2 million) to win the bid for 40 per cent of state-owned Pet run. the Philippines' largest oil refiner and retailer, the government said.
    AFP.; Reuter  -  374 words
  • Article
    Lock icon Jump in US industrial output biggest in 12 months
    350 20 Bloomberg Business News WASHINGTON Output of American factories, mines and ulilities increased 0.9 per cent in November for the largest gam since it rose by a similar amount in November 1992. the Federal Reserve said yesterday. The plant-use rate increased to
    Bloomberg Business News  -  350 words
  • Article, Illustration
    Business outweighs politics in Swire's China connection
    928 20  -  The Bottom Line PAUL MARRIAGE PAUL MARRIAGE The nriur is a Hongkong-based journalist who contributed this commentary to BT WHEN Cathay Pacific painted over the Union Jack on the tail of its aircraft a few years ago. it was seen as another symbolic
    928 words
  • Article
    Lock icon Region's nations not preparing for war: Mahathir
    323 20 Bernama NEW DELHI Malaysian Prune Minister Mahathir Mohamad yesterday dismissed speculation that the recent acquisition of military equipment and aircraft by Soulh-cast Asian nations signalled preparations for war. "Il is not a provocation of war with each other as we have lo replace
    Bernama  -  323 words
  • Article
    Lock icon Apec summit may become a regular affair: top official
    269 20 Reuter SINGAPORE The summit of Asia-Pacific leaders first held in Seattle last month is likely to become a regular occurrence. the top official of the Asia-Pacific Economic Cooperation (Apec) Secretarial said yesterday. William Bodde. executive director of Ihe 17-membcr Apec, said
    Reuter  -  269 words
  • Article
    Lock icon The game is private investment, the playground Mexico, China
    436 20 Reuter WASHINGTON Forget about Russia and Eastern Europe the big bucks arc going lo China and Mexico. With foreign aid shrinking and commercial banks thinking iwicc before lending to poor nations, the name of the game now is private investment. bolh
    Reuter  -  436 words
  • Article
    Lock icon Daimler-Benz's loss for first 9 months tops 2b marks
    250 20 AP STUTTGART DaimlerBenz. the largest industrial conglomerate in Germany, said yesterday it lost more than two billion marks (SSI.8 billion) in the first nine months of this year Bul Daimler chief Ed/ard Reutcr predicted an upturn for next year. "The worst
    AP  -  250 words
  • Page 20 Advertisements
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  • COMPANIES & MARKETS
    • Article
      Avimo earnings rise 11pc despite difficult conditions
      367 21  -  By Genevieve Cua SINGAPORE Avimo Singapore achieved a moderate earnings rise of 11 per cent lo S7.09 million in the 12 months to September, despite difficult trading conditions in the defence and aerospace markets. Turnover rose 12 per cent to S60.39 million while
      367 words
    • Article, Illustration
      Lock icon Goldtron banking on proprietary products
      356 21  -  By Ven Sreenivasan SINGAPORE Goldtron Ltd is counting on its fastgrowing proprietary products to fuel its growth. As more such products come on line, the Scsdaqlistcd company hopes to gradually wean itself off its traditional dependence on electronics contract manufacturing. which currently accounts for about
      Photo by Yow Yun Woh of ST  -  356 words
    • Article
      Econ unit invests in Hanoi recreation club project
      327 21 SINGAPORE Recentlylisted civil engineering group Econ International announced yesterday that it has taken a 17.5 per cent indirect stake in a USSIO million (SSI6 million) recreation club development project in Hanoi. Vietnam. The stake is held through a wholly-owned subsidiary. Sin-i$apore-incorporated Econ
      327 words
    • Article
      Sesdaq firms: small is attractive
      682 21  -  HOCK LOCK SIEW By R Sivanithy SINGAPORE Sesdaq has traditionally been considered the main board's poor cousin, a step down in the listing hierarchy. But sharp-eyed investors will notice that prices and volumes on Sesdaq have been running up smartly, with some counters even posting
      682 words
    • Article
      Amtek places 8.5m new ordinary shares at $3.42 each
      406 21  -  By Abdul Hadhi SINGAPORE Precision parts maker Amtek Engineering has placed 8.5 million new 20 cent ordinary shares at $3.42 cach to fund a joint venture in China and the extension of its local factory. The listed company said yesterday that
      406 words
    • Article
      Sempec wins another Indon contract
      174 21 SINGAPORE Sembawang Projects Engineering (Sempec) has clinched a second contract from Indonesia's PT Risjad Brasali Chcmindo (PT RBC). In an announcement yesterday, Sempec said the engineering. procurement and construction project is worth $22 million. The contract is for the second and final stage of the
      174 words
    • Article
      S1A forms aircraft leasing company
      98 21 SINGAPORE Singapore Airlines Ltd said yesterday that it has incorporated a private limited company called Singapore Aire rah Leasing Enterprise Ptc Ltd for a*.craA leasing activities in Singapore and elsewhere. The company will be owned on a 50-50 basis by S1A and Boullioun Aviation Services
      98 words
    • Article, Illustration
      Lock icon Untitled
      276 21 Source: Bridge Info Perform* mco of STH's Index stocks Dec IS Stack LMl sale <S> fK«WI Avimo 1.970 1.27 CAC 700 -0.100 5.62 -7.75 OUT 2*10 0.050 1.93 3U Cereboi 7.450 0.150 4.11 11.63 FAN ***** -0.300 11.95 -23.26 Gen Mat I.I 10 aoso 0.72 2.33 Ha* Par 3.760 0.000
      Source: Bridge Info  -  276 words
    • COMPANIES
      • COMPANY BRIEFS
        • Article
          AIA raises stake in Acma to 7.45pc
          55 22 SINGAPORE American International Assurance Co Ltd has raised its stake in Acma Ltd to 7.45 per cent from 6.89 per cent previously, lhis follows the purchase of 380,000 Acma shares on Dec 10 at SI2.93 each to bring its total shareholding in Acma
          55 words
        • Article
          UOB sets up subsidiary
          44 22 SINGAPORL United Overseas Bank Ltd incorporated a subsidiary called UOB Nominees (Asing) Sdn Bhd on Nov 17. It has an authorised capital oi MS25.000 (SS 15.500) ot MSI each. Its first directors are Tan Siak Tee and Ang Poh Guan.
          44 words
        • Article
          Lock icon Plaza MBf revalued at M$125m
          90 22 Bernama KUALA LUMPUR Plaza MBf has been revalued at MS125 million (SS77.5 million) on the open market on Sep I, by professional valuers Messrs Knight Frank Baillieu, said Commerce Property Trust Managers (CPrM) Bhd yesterday. CPTM informed the Kuala Lumpur Stock Exchange that the latest
          Bernama  -  90 words
        • Article
          Lock icon Westmont to buy stake in Corpro
          73 22 Bernama KUALA LUMPUR Westmont Bhd (formerly known as Yangtzekiang Bhd) has entered into an agreement to take up a 50.7 per cent stake in the enlarged capital of a construction group, Corpro Resources Sdn Bhd. comprising six million shares of MSl each at par.
          Bernama  -  73 words
        • Article
          Lock icon Gopeng unit plans to buy equipment
          45 22 Bernama I POH GB Granite Marble Sdn Bhd. a subsidiary of Gopeng Bhd. is expected to buy six units of quarrying cutting equipment from Iran to be used for its quarrying operations, senior quarrying manager Zakaria Jasin said yesterday.
          Bernama  -  45 words
      • Article
        Lock icon Kaolin producer game for other activities
        175 22 Bernama KUALA LUMPUR Associated Kaolin Industries Bhd (AK1). a leading producer of high-grade refined kaolin from its plant in Perak, does not plan to stop at gaming in the diversification of its business. "While kaolin and gaming will be important businesses at present, we
        Bernama  -  175 words
      • Article
        UNIT TRUSTS & FUNDS
        503 22 UNIT TRUSTS FUNDS Managers price* Dcc 15 Lnibond 1.055 1.08 Singapore Unit Trust United Gr Fund! United Asia Fund 1.63 1.92 1.69 2.00The Commerce 1.77 1.86 NTUC Income The Savings Fund S'pore Prog Fund 1 66 0.74 1.74 0.78 Income Bond Policy 4.36 4.52 S'pore Sec Fund 1 08 1.13
        503 words
      • Article, Illustration
        GES S'pore plans aggressive expansion in region
        456 22  -  By Joseph Rajendran SINGAPORE Personalcomputer maker GES Singapore. which intends to go public in 1994, has aggressive regional expansion plans. General manager Daniel Ycong said these included more sales to individuals, companies and overseas markets. GES expects to exceed its 1993 sales forecast
        456 words
      • Article, Illustration
        Lock icon Major Thai coal-miner seeks new horizons
        355 22 Reuter BANGKOK When Chanin Vongkusolkit and Metee Auapinyakul met as students in the US in the mid-1970s the two men one from a family of sugar millers, the other the son of a tobacco curer had no idea they would create Thailand's leading coal-mining
        Reuter  -  355 words
      • Article
        CityDev's NZ subsidiary Kupe returns to the black
        259 22  -  By Abdul Hadhi SINGAPORE City Developments Ltd's listed New Zealand subsidiary, Kupe Group, has come back into the black with a net profit of NZS646.000 (S5575.000) for the year ended Aug 31. It posted a net loss of NZS2.27 million in the
        259 words
      • Article
        RMCA Re to launch rescue scheme next year
        394 22  -  By Soh Tiang Keng SINGAPORE Debt-ridden RMCA Reinsurance plans to launch its scheme of arrangement to avert insolvency and settle its debts in five years by early next year. This was revealed by chairman Lock Sai Hung, who maintained that the scheme,
        394 words
      • Article
        Lock icon YTL wins Papua New Guinea housing contract
        309 22 Bernama KUALA LUMPUR YTL Corporation Bhd. through its wholly-owned subsidiary Syankat Pembinaan Yeoh Tiong Lay Sdn Bhd. will venture into a housing construction project in Papua New Guinea, it was announced yesterday. YTL managing director Francis Yeoh Sock Ping said the contract, worth
        Bernama  -  309 words
      • Article
        HK approves short-selling with new rules
        568 23  -  Move aimed at making colony stock-lending centre of Asia From Catherine Ong in HONGKONG SHORT-SELLING of shares in Hongkong will be legitimised from Jan 3 under new regulations unveiled by the stock exchange yesterday. Exchange official Paul Phenix told BT the move was aimed
        568 words
      • Article
        Lock icon SBI makes India's biggest public issue
        189 23 Reuter BOMBAY India's largest state-run bank yesterday launched the country's biggestcver issue of shares and bonds in a move seen by bankers as a major step in India's radical market-oriented economic reforms. The State Bank of India's (SBI) 22.4 billion rupee (SSI.13 billion) public
        Reuter  -  189 words
      • Article
        Lock icon PosGold launching A$261m takeover bid for Aztec Mining
        436 23 Bloomberg Business News ADELAIDE Australia's Poseidon Gold Ltd. the gold mining arm of mining house Normandy Poseidon Ltd. yesterday said it is launching a takeover bid for fellow gold and base metal miner Aztec Mining Co. The bid at 68 cents a
        Bloomberg Business News  -  436 words
      • COMPANY BRIEFS
        • Article
          Lock icon Japanese in data super highway project
          82 23 Bloomberg Business News TOKYO Japanese trading company Mitsubishi Corp and Nippon Telegraph and Telephone Corp. the largest telecommunications firm in Japan, will join Smart Valley Inc of the United States in an ongoing project to develop an information "super highway", the Milton Keizai newspaper
          Bloomberg Business News  -  82 words
        • Article, Illustration
          Lock icon Bulls ready for a stampede
          47 23 Reuter TAIPEI Taiwanese investors packing a Taipei brokerage yesterday to profit from the stock market's bull run. which has seen the weighted index soar 24 per cent in 15 trading days and daily turnover jump to the highest level for three years.
          Reuter  -  47 words
        • Article
          Lock icon Nissho to sell back Nike Japan shares
          74 23 Bloomberg Business News TOKYO Nissho Iwai Corp. a Japanese trading company, will sell all shares of Nike Japan Corp to Nike Inc. a leading US maker of sporting goods, the Yomiuri newspaper said, citing unnamed officials of Nissho Iwai. Nissho Iwai plans to
          Bloomberg Business News  -  74 words
        • Article
          Lock icon Lippo increases convertible bond sale
          71 23 Bloomberg Business News HONGKONG Hongkong investment group Lippo Lid has increased an issue of seven-year convertible bonds from USS90 million (SSI43.5 million) lo USSI00 million. In a statement to the Stock Exchange of Hong Kong. Lippo said lis lead underwriter. Swiss Bank Corp. has requested
          Bloomberg Business News  -  71 words
        • Article
          Lock icon Sumitomo to set up venture in China
          81 23 Reuter TOKYO Sumitomo Corp said it wx>uld set up a joint venture in China to produce plastic film for wrapping food, clothes and cigarettes. The factory in Jiangsu Province, plans lo produce plastic film yearly from next December. Sumitomo will put up 15
          Reuter  -  81 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon Japan to ease curbs on Eurobond sales: report
        371 25 Bloomberg Business News Reuter TOKYO The Finance Ministry will relax restrictions placed on sales of foreign bonds in Japan, the Nihon Kcizai newspaper said yesterday. rhe ministry will allow yendenominated Eurobonds issued by foreign institutions outside of Japan to be sold in
        Bloomberg Business News; Reuter  -  371 words
      • Article
        Lock icon Banks launch new vehicles to woo derivatives trade
        429 25 Reuter LONDON Banks are rushing to set up joint ventures or subsidiaries that can woo derivatives business by offering top credit ratings. Credit enhanced derivatives trading joint-ventures and bank subsidiaries are ballooning as the best customers increasingly require banks trading derivatives to
        Reuter  -  429 words
      • Article
        Lock icon BNP warns of heavy provisions in first half of next year
        379 25 FT PARIS Banque Nationale de Paris, the recently privatised French banking group, may need to make heavy provisions in the first half of next year, its chairman Michel Pebercau has warned BNP. like other French banks, has already been
        FT  -  379 words
      • Article
        Lock icon Lai Fung sells US$150m convertible bonds
        220 25 Bloomberg Business News HONGKONG Lai Fung Overseas Finance Ltd. a whol-ly-owned subsidiary of Hongkong real-estate and investment group Lai Sun Development, is selling USSI50 million (SS239 million) of convertible bonds through an underwriting group led by Jardine Fleming. In a statement to the Stock
        Bloomberg Business News  -  220 words
      • Article
        Lock icon Ryoden Development to sell US$50m of convertible bonds
        296 25 Bloomberg Business News HONGKONG Ryoden Development Ltd, a Hongkongbased property and investment group, is selling USS50 million (SS79.7 million) worth of convertible bonds, said an official at lead underwriter Swiss Bank Corporation in Zurich. The bonds, priced at 100 per cent of
        Bloomberg Business News  -  296 words
      • Article
        Lock icon FDIC plans to amend bank capital standards
        188 25 Bloomberg Business News WASHINGTON The Federal Deposit Insurance Corp on Tuesday said it proposed to amend federal bank capital standards to comply with an accounting standard that changes the calculation of stockholders' equity. The Financial Accounting Standards Board, the accounting profession's main rulemaking
        Bloomberg Business News  -  188 words
      • Article
        Lock icon Moody's downgrades world's two biggest banks
        274 25 AFP TOKYO Moody's Investors Services Inc downgraded Japan's Dai-lchi Kangyo Bank Ltd (DKB) and Sakura Bank Ltd yesterday, citing the poor asset quality and weak profitability of the world's two biggest banks. The downgradings. affecting a combined eight billion dollars in debt, follow a
        AFP  -  274 words
      • Article
        Lock icon US life insurers unhappy with court ruling on pensions
        342 25 Bloomberg Business News NEW YORK Life insurers >aid they may have to spend more to comply with Monday's US Supreme Court decision, which will force them to segregate hundreds of billions of dollars in pension funds from their general accounts. "We
        Bloomberg Business News  -  342 words
      • Article
        Pacific International borrows US$15m from consortium
        150 25 SINGAPORE Pacific International Pie Ltd. Singapore's largest privately owned shipping company, has signed a USSI5 million (SS23.9 million) financing package with a consortium of banks. Hie facility, signed yesterday, has a tenor of three years and will be used to finance PIL's existing borrowings
        150 words
      • SMALL CHANGE
        • Article
          Lock icon First resetting of Cagamas bonds
          110 25 Bernama KUALA LUMPUR Cagamas Bhd yesterday announced that the first resetting of the rale of interest for the three-year floating rate Cagamas Bonds issued on June 22. 1993. amounting to MS300 million (SSI87 million) was due and would take effect from yesterday. In a statement
          Bernama  -  110 words
        • Article
          Lock icon Tax exemption for 3 more HK banks
          76 25 Bloomberg Business News HONGKONG Hongkong's parliament has added the Nordic Investment Bank, the European Bank for Reconstruction and Development, and the Inter-American Development Bank to its shortlist of institutions whose Hongkong dollar-denominated securities are tax-exempt for investors, fhe Legislative Council, as the territory
          Bloomberg Business News  -  76 words
        • Article
          Lock icon Paribas considers Taiwan trust fund
          92 25 Bloomberg Business News TAIPEI Banque Paribas. one of France's largest banks, has entered talks with a Taiwanese alfiliate about launching a Taiwanese investment trust fund, a hank official said yesterday. As envisioned, the fund would range from USS50 million to USSIOO million in size and
          Bloomberg Business News  -  92 words
        • Article
          Lock icon Pakistan devalues rupee against US$
          70 25 Reuter KARACHI The State (central) Bank of Pakistan yesterday devalued the rupee to 30.1000/30.2505 against the US dollar from 30.0700/30.2204 fixed on Dec 7. The bank gave no reason for the adjustment. It fixed the forward buying rate at 30.1000 for six months and 29.1970
          Reuter  -  70 words
        • Article
          Lock icon Hanoi to issue foreign currency- bonds
          82 25 AP HANOI Vietnam's Ministry of Finance announced yesterday it was issuing the first ever treasury bonds in foreign currencies. The lowest denomination is USSIOO. The bonds arc payable at 12 months with an interest rate of 4.2 per cent a year and at 24
          AP  -  82 words
        • Article
          Lock icon ANZ bank group's accounts qualified
          89 25 Reuter MELBOURNE Australia and New Zealand Banking Group Ltd's auditors have qualified the bank's accounts for the second successive year due to uncertainty about the outcome of litigation against its Indian unit. KPMG Peat Marwick said yesterday in the bank's 1993 annual report that the
          Reuter  -  89 words
      • Article
        Lock icon Aussie analysts wary of boom in metal prices, stocks
        616 26 Bloomberg Business News MELBOURNE If American and European fund managers arv correct, the world recession has ended and buoyant economic times will lift metal prices along with industrial production. Analysts in Australia. however, suspcct they're jumping the gun. "All of a
        Bloomberg Business News  -  616 words
      • Article
        Lock icon Coffee producers to evaluate retention plan
        240 26 Reuter SAN JOSE, Costa Rica Representatives of cofTee producers from Indonesia. Brazil. Colombia, Central America and Africa will meet in New York today and tomorrow to evaluate a coffee-retention scheme, said Arnoldo Lopez, president of the Costa Rica Coffee Institute (ICAFE). "It'll be a
        Reuter  -  240 words
      • Article
        Lock icon HK firm wins Chinese oil exploration leases
        234 26 AFP HONGKONG The territory's Primcline Petroleum Corp said yesterday that it has acquired from China five leases for offshore oil and gas exploration. The leases were acquired from Beijing-based China National Offshore Oil Company (CNOOC) by a newly formed holding company, Cluff Oil
        AFP  -  234 words
      • Article, Illustration
        Lock icon Closure of Dutch zinc smelter averted
        319 26 Bloomberg Business News MELBOURNE Australian fine producer Pasminco Ltd said yesterday that it has reached an agreement with Dutch authonties on the issue of waste produced by its zinc smelter in the Netherlands, averting a threatened shutdown of the unit. The agreement with the
        Bloomberg Business News  -  319 words
      • Article
        Lock icon Indonesia to raise LNG price: report
        292 26 AFP JAKARTA The president of state-owned oil firm Pertamina. Faisal Abda'oc. said it would increase the price of liquefied natural gas (LNG). news reports said yesterday Mr Abda'oc was quoted by the Suara Karya daily as saying that negotiations were underway between Pertamina and
        AFP  -  292 words
      • Article
        Lock icon Saudi Arabia to merge two marketing arms in London
        210 26 Bloomberg Business News LONDON Saudi Arabia will merge its London oil products marketing arm, Petronal, with Saudi Petroleum International, the kingdom's crude marketing arm here, a trader familiar with Saudi policy said. The move is part of a broader restructunng of
        Bloomberg Business News  -  210 words
      • Article, Illustration
        Banque Indosuez REGIONAL CURRENCY REPORT
        141 26 THE US dollar moved higher overnight yesterday as jitters of possible German/Russian unrest. expectations of a German rate cut and worsening Japanese trade surplus filtered into market actions. Oxer in the USS/SS market, purchases of US dollars followed thai of ihe USS/majors in morning irade
        141 words
      • Article
        Lock icon New York
        91 26 AFP NEW YORK The dollar firmed against most major currencies here early yesterday in a calm market unmoved by a report that US industnal production soared in NovemAt about 9:20 am. the dollar was trading at 1.7160 German marks, down from 1.7170 several hours earlier in London but
        AFP  -  91 words
      • Article
        Lock icon London
        197 26 Bloomberg Business News LONDON The dollar ended little changed against the deutschemark in London yesterday ahead of the Bundesbank council meeting today though it set a 5-montn high against a limp yen. dogged by the weakness of the Japanese economy The Bundesbank meets today for the last time this
        Bloomberg Business News  -  197 words
      • Article
        Prices unchanged as traders debate US inventories report
        200 26 PCHOY WP0WT LONDON Crudc oil futures on both sides of the Atlantic were unchanged to lower yesterday as traders debated if a build in US crude stocks outweighed a drop in middle distillate stocks and lower refinery production. Crudc oil prices have
        200 words
      • Article, Illustration
        Untitled
        1104 26 Trade- m*m/ >«4rr colntiaifd 44*1/11/ V .w i nw fradtnt imnnm tl+sr vfr l«lt' US$/S$ for ■ward rites Noon Dec 15 SS ■M Offer 1-month 1.5935 I 5950 2-month 1.5931 1 5946 3-mooth 1 5928 1 5943 6-month 1.5918 1.5931 Sourer OCBC Source: OCBC FOREIGN CURRENCY NOTE RATES As at
        1,104 words
    • COMMODITIES & FUTURES
      • Article
        Lock icon Euroyen ends softer, Eurodollars steady
        1356 27 SIMEX REPORT Reuter SINGAPORE Simex Euroyen interest rale futures ended softer on intradas speculation yesterday but the contract's downside was protected by bargain-hunting from market bulls. The benchmark September contract ended at against W.2.1 previously on a total of some 13.110 lots traded. **l will
        Reuter  -  1,356 words
      • Article
        KL tin ends 12 sen weaker
        611 27 COMMODITY REPORTS Tin TIN closcd down 12 sen at MS 12.08 a kg yesterday, dragged by a high initial offering which followed a weaker trend in London overnight, traders said. They noted an opening bid of 43 tonnes against oflcr of 107. Final turnover
        611 words
      • KNIGHT-RIDDER COMMODITY SUMMARY
        • Article
          S African gold output slips
          107 27 JOHANNESBURG South Africa produced 51.528 tonnes of gold last month, 763 kilograms less than the 52.29! tonnes produced in October and 548 kilograms less than 52.076 tonnes produced in November last year. According to figures released from the Chamber of Mines yesterday, cumulative production for
          107 words
        • Article
          China copper buying won't help prices
          94 27 TOKYO China's re-emergence as a copper buyer on international markets recently is unlikely to lift prices for the red metal in the medium term, traders here say. "We could see prices test USS 1.800 a tonne" in coming weeks, one trader mused. But overall,
          94 words
        • Article
          Nickel plant recoromissioned
          57 27 SYDNEY Western Mining Corp ycstcrda) recommissioned its Kalgoorlie nickel smelter in Western Australia state following an upgrade designed to boost the smelter's annual metal-making capacity by 45 per cent to K0.000 tonnes The A$70-million revamp, which involved rebuilding the smelter's furnace, is part of an AS800-million capital
          57 words
        • Article
          Taiwan rejects S African corn
          88 27 TAIPEI Taiwan has rejected South Africa's offer to sell it 33.000 tonnes of com as the price was too expensive, an official at the Taiwan Feed Industry Association said yesterday. The corn was quoted at USS 134.74 per tonne FOB from Durban. Freight is expected
          88 words
    • Article
      COMMODITY PRICES
      1601 27 Rubber HAS Commodity Exchango (Man is closing as at 1pm) RSS 1 Contract (S cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest Jan 94 131.23 131.25 1 31.50 125 250 Feb 132.50 132.50 1 rnroi 4,325 Mar 134.50 134.50 1 34.50 6.625 Apr/Jun 136.50 136.00 1
      1,601 words
    • REGIONAL STOCK MARKETS
      • Article
        Australia
        1324 28 -16.7 \US l K ALIAN shares doted sharply lower after weak offshore market* and falling metal prices sidelined buyers and left seller-, lo dominate trade .yesterday. brokers said. Trading was led early by a 22-point-fall on the Dow Jones industrials average Tuesday night, and falls on the FTSEThe All
        1,324 words
      • Article
        Manila
        591 28 -15.66 Share prices ended weakly as investors took profits, with the market seen sliding further in a consolidation after a strong runup this month, brokers said. The Manila index declined 15.66 points. Prices of PLDT dropped to 1.885 pesos from 1.910. while San Miguel A shares dipped to 113
        591 words
      • Article
        Taipei
        582 28 +58.84 Taiwan's stock market closed at a 22-month high in volatile, hectic trade as a soaring financial sector offset heavy profittaking in most other areas. The index ended up 58.84 points at 5,161.80 3ftcr moving between 5.064 and 5.274. It was the highest close since 5.204.55 on Feb 10.
        582 words
      • Article
        Seoul
        436 28 +8.66 Follow-through buying in blue-chip manufacturings and shares with low pricc/carnings ratios (PtR) pushed the stock market higher at the closc. bnv kers said. The composite stock index added 8.66 points to 865.86. The "Big Three" Hyundai Motor, steelmaker Posco and Samsung Electronic* went limit up. gaining 1.300 won.
        436 words
      • Article
        New Zealand
        276 28 1.77 The market rose slightly on offshore interest in newly listed property company St Lukes Group, brokers said. The Top 40 capital stock index closed up 1.77 points at 2.089.31. Volume was worth NZS49 2 million. St Lukes, which listed this week, closed up 4 cents at NZSI.21,
        276 words
      • Article
        Bombay
        29 28 The Bombay Stock Exchange was officially open but brokers refused to trade for the second consecutive day to protest against a ban on carry forward deals, brokers said.
        29 words
    • WORLD STOCK MARKETS
      • Article
        Untitled
        769 28 Britannia Funds S*r»a« Cask Mim Cap Dcpmit Mim Jcr*> Gik Mim Max Income Bid 5* MOO 0 1 It) •1 0*00 (Xlrr 30 6500 0 1992 •1 1200 LS$ Cash InconK Plin Fund PS J Rei«o« Fund .10 7600 5 1200 II 3300 5.1300 Sierliaj Euro Performance Far Em Fund
        769 words
      • Article
        London
        632 28 +30.4 ENCOURAGING inflation data boosted hopes for a near-term interest rate cut and helped UK shares register a closing high yesterdav. FTSE 100 ended with a 30.4 point gam at 3.278.8. passing the previous highest close of 3.277.4 reached on Dec 8 "The inflation data and retail sales numbers
        632 words
      • Article
        Paris
        108 28 +6.13 French shares ended the session higher after a volatile and busy session, dealers said. T he CAC -40 index ended up 6.13 points, or 0.28 per cent, at 2.162.63. Volume was a very lively six billion francs. Paris Dcc IS Fr Air-Lxjuidr 822 00 -6 00 \kild Amihtwn
        108 words
      • Article
        Stockholm
        142 28 0.81pc Swedish shares ended higher with Astra. Volvo and Irelleborg leading the climb. Volvo's B hit a new year-high of 505. and closed up 14 crowas at 502. "There are really few factors indicating a rise, except for the pushers Astra. Trellcborg and Volvo." a dealer said Astra's A
        142 words
      • Article
        Frankfurt
        224 28 -39.27 German share price* are expected io remain broadly steady near-term, after yesterday's steep decline, as investors hold off deals ahead of a world trade accord and today's Bundesbank council meeting The DAX finished yestcrdav's floor trade down 39.27 points at 2.110.70. but recovered slightly in early post-bourse trade,
        224 words
      • Article
        Milan
        137 28 +2.2pc Italian shares powered ahead lo finish the December trading account strongly. with dealers seeing heavy short covering and players looking for stock to cany into the nexl account. the Milan bourse has risen over 16 per cent in the last three weeks and many dealers see the rally
        137 words
      • Article
        Amsterdam
        277 28 -1.05 Shares closed down, though off their worst, as a fairly hefty bout of profit-taking by professionals followed Tuesday's far-right Russian nuclear threat which had put operators on edge. European Communityapproval of I uesday's Gatt deal did a little to restore confidence but the EOE Index still closed down
        277 words
      • Article
        Zurich
        244 28 -10.97 Swiss shares ended lower in what dealers described as a technical correction to an overbought market. Stores had bounced back from lows in afternoon trading as buyers look advantage of low prices. Dealers said mediumterm sentiment remained bullish on optimism of further falls in interest rates. The market
        244 words
      • Article
        Johannesburg
        319 28 35 Solid demand again for leading arbitrage slocks pushed the overall index on the Johannesburg Stock Ex- change to a new closing high, despite a mark-down of gold shares on the back of an easier gold prtcc. Although performance was mixed influenced bv a seesawing financial rand, bullion and
        319 words
      • Article
        Toronto
        297 28 -7.3 Stocks fell early yesterday as players continued lo seize profits after the market's I per cent plunge on Tuesday, traders said. The TSE 300 composite index weakened 7.3 points to 4.237.1 m early turnover of 10.8 million shares valued at CSl 31 million Declining issues outpaced advances 179
        297 words
      • Article
        New York
        817 28 -10.9 The Dow Jones industrial average was down 10.90 points to 3.731.73 at 11 am EST yesterday. The blue-chip indicator was ahead I point shortly after I he market opened. A sharp drop in Dow component Eastman Kodak put a big drag on the key barometer. Eastman Kodak,
        817 words
    • Article, Illustration
      Lock icon HONGKONG
      3040 29 Reuter HONGKONG Stocks cruled lower vcslerday as profit-taking by institution* sent the niain index helm* the 10.000 level, but bargain hunting trimmed losses. brokers said. The blue chip Hans Seng Index shed 76.2* points, or 0.76 per cent, to end a volatile dav at 9.943.26. having hit a morning
      Reuter; Source: Bridge Info  -  3,040 words
    • Article, Illustration
      CHINA
      550 29 THE CLSA Shanghai B Index dropped 0.5 per cent yesterday to 994.57. On its first day of trading. Dajiang closed at USS0.520. up 29 per cent against its IPO price of USS0.402 on active trading. Outer Gaoqiao gained another 8.7 per cent to close at a new year high
      550 words
    • Article, Illustration
      Lock icon TOKYO
      2515 29 Reuter TOKYO Stocks jumped at the closc on short-covcring and index-linked buying after the cash market proved unexpectedly firm yesterday, brokers said. Sony, which rose on the back of the weaker yen* and Sumitiomo Metal Mining, up on firm gold pnccs. were the two market leaders. The Nikkei 225
      Reuter; Source: Bridge Info  -  2,515 words
    • Article, Illustration
      Lock icon BANGKOK
      1747 29 Reuter BANGKOK Thai Mocks rallied another 2.43 per cent yevterdav to dose at a new record high in the second most active daily trade in the history of Thailand's stock exchange The SET index surged 36.07 points to close at 1.519.06. breaking its previous closing record of 1.485.17. set
      Reuter; Source: Bridge Info  -  1,747 words
    • Article, Illustration
      Lock icon JAKARTA
      1139 29 Reuter JAKARTA Stocks closed higher across the board on an upbeat mood yesterday, brokers said. The Composite Index ended at 543.84. a gain of 7.76 points. "The market was still driven by counters with planned bonus or rights issues Both local and foreign players were active." a broker with
      Reuter; Source: Bridge Info  -  1,139 words
    • Article, Illustration
      Lock icon CLOB INTERNATIONAL
      2642 30 Source: Bridge Info Source: Bridge Info MOST ACTIVE volume 23.694 000 22.358.000 18.959.000 16.801.000 13.657.000 13.388.000 FATB 50c 11.765.000 II.JI2.000 10.047.000 8.474.000 8.052.000 ICulim Msu MV 7 896 000 i i '-jj/Wiiii 1 i \^m\ Idns Hvd 50c 65.134 460 Landmarks Bhd 50.000.860 Kema\an MX 49.272.110 lnd Ox\gen
      Source: Bridge Info  -  2,642 words
    • KUALA LUMPUR STOCK EXCHANGE
      • Article, Illustration
        Lock icon Record-breaking streak continues
        5828 30 Bcmama KUALA LUMPUR Bu>»ng support for selective blue chips and situational counters pushed the Composite Index 23.43 points higher to a new record closing high of I.I 16.09 yesterday. The weighted index had earlier touched a new intraday all-time high of I.I 19.83. The index set its
        Bcmama; Source: Bridge Info  -  5,828 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        7018 31 in,? Transaction date: uec i? IW High Lo» Coapaay Last Sale Vol Day U00) High Lot. Last Qaott Bayer Seller Cr Gr Di« Div VM Net C«r P/E INDUSTRIAL AND COMMERCIAL 1400 260 t Aetna 1280 310 220 1 Alex Hldgs SOc 310 448 165 C s Amcoi 25c 444
        7,018 words
      • Article, Illustration
        Lock icon Positive global signs send STII to fifth record
        1703 32  -  By R Sivanithy SINGAPORE Expectations that the Gatt trade talks would reach a successful conclusion and signs of firmness in the Japanese market sent share prices to the fifth record close in succession yesterday. Early trading in local stocks was quiet, with
        Sourer: Bridge Info; Source: Bridge Info  -  1,703 words
      • Article, Illustration
        Lock icon Kulim Malaysia
        141 32  -  Hot stock By Paul Leo KULIM Malaysia is still picking up steam. Yesterday's trading resulted in a gap on the daily chart its low being six cents above the previous day's high of 52.79. With volume at a strong 7.9 million shares which is more than six times
        Source: Bridge Info  -  141 words
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      65 22 Dividends table has been held over The announcement appears as a matter of record only. GUOCO GROUP LIMITED 11ncorporated in Bermuda with limited liability) through its subsidiary DAO HENG BANK LIMITED has acquired the entire issued share capital of OVERSEAS TRUST BANK, LIMITED for a total consideration of HKS4.457 million
      65 words
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      Page 22 Advertisements Column 2
      67 22 The announcement appears as a matter of record only. DAO HENG BANK GROUP LIMITED (Incorporated in Bermuda with limited liability) (formerly known as Dao Heng Holdings Limited) US$380,000,000 5% Convertible Preference Shares Lead Manager MORGAN GRENFELL ASIA (HONG KONG) LIMITED Global Coordinator HG ASIA LIMITED Managers MORGAN GRENFELL ASIA HG
      67 words
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      Page 22 Advertisements Column 3
      55 22 The announcement appears as a matter of record only. DAO HENG BANK GROUP LIMITED (Incorporated in Bermuda with limited liability) NEW ISSUE OFFER FOR SALE of 38,528,000 Shares of US$0.50 each at HK$21.70 per Share payable in toll on application Sponsors and Managers Morgan Grenfell Asia (Hong Kong) Limited HG
      55 words
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      72 23 K KB M K Singapore's Bififiesf And Most Outrageous Italian Restaurant WA r/I v v A I (Troon down to the comer of Brn Bavah and Botch Roads today. "Cot a new dining concept M (and a now man) haa arrived on our etiore. And wa know yoell |oat want
      72 words
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      106 25 j J goes on a house hunt How much are private properties going for? Should you buy now, or later? House Hunt gives you the actual transacted prices of all private property sold in Singapore each month. I SXITUGHTV »C COHMMWO+AQHC HOtOiWCS Fr01Tl that, y OU 11 W*8Bm$Z I have
      106 words
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      141 27 u— 1 "I WESTERN SAMOA VQII9||gpiHj long term international KfJ 3 Kl iwJ il SMI companies are the most cost effective solution for BpaigAiySJXfl your offshore company structure. Available an effective annual cost We also provide offshore from «low a* US$400 companies from: per annum. I U d Bahamas Bermuda
      141 words
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      Page 27 Advertisements Column 2
      33 27 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead t offe rs Bp th« m Wr current ■F tist of 1= oppo^r"
      33 words
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      Page 28 Advertisements Column 1
      40 28 Cfassic Mastcrpicccs in Time I' N l,seurn Modprn Art <M0MA* in Now York and Ihfc following selin re') stores ,:in;| unties #0? 22 23 Hiflon International TV 734 *01 09 Mrt'uMi-'i S/aiuw-"*) A' niilr- T ~3 7 9hi£i *02 11
      40 words
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      Page 29 Advertisements Column 1
      28 29 Squeezed <*&&& V.""t* for time?^^* ::<TELEKURS /tiki's cure Your Partner in Global Pricing and Corporate Announcements "/your tlilily lll't'liS. TBLlKilRi i» a*netj by n conmrtium of 350 moio' bank*
      28 words
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      Page 30 Advertisements Column 1
      42 30 With over 188 million cards honoured at over 10.8 million establishments, MasterCard puts JwM the whole world in your hands. And it gives you easy access to cash at 300,000 bank branches YOU'VE GOT THE WHOLE WORLD ATMS worldwide. IN YOUR HANDS
      42 words
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      94 31 SINGAPORE: THt HOl'R < .1 ASS tibthiiran $hof»pttij( Onur Tel 7S424SJ0/1 Lucky (p\ PLha Trl 7SSI Wtf 543 Stum Tel 71W Ccntirpo.nl Td *****9R/ fj] 603«PmmMiUPUuTrl *37f«309.'33&S663>RifllnTd *****41/1169"World Trade Onuc Tel: 273»»1/I007 Clungi Aitpon Terminal I <Wr»t VS'ii.*! —^VSr Td: *****60. Terminal 2 (South Wing) Tel *****01 JM MALAYSIA: THF
      94 words
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      21 32 H WF f vm I «.u* Vti M I r mi l m&mm <3 ipP I'i 1\ Itmi'Z-'r&i w #mF JV
      21 words
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      Page 32 Advertisements Column 2
      85 32 Personal Finance and Investment, every Saturday in Executive Lifestyle VI ••■■tV -f I-V J VTT r k s -1* '\m *'1' V I ONI III ill it ill 111 SIM ss moll LIS IOI YOUR OW«i COPY. CAIL i »I2» intelligence, from the international bank group. Which eighteen Open Coastal
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  • Shipping Times
    • Article
      North Europe-FE conference moves to raise freight rates
      607 33  -  By Juliette Walker SINGAPORE Volumes on the north Europe-Far East trade have risen sharply in the last year, but shipping lines say they are still struggling against painfully low freight rates. Since September, vessels have been sailing full in terms of allowable
      607 words
    • Article
      Lock icon Kloster to sell Royal Viking, Royal Cruise lines
      496 33 Bloomberg Business News MIAMI Kloster Cruise Ltd has agreed to sell its Royal Viking Line and Royal Cruise Line to AEA Investors Inc of New York for US$565 million (S$904 million). The sale will leave Kloster. a unit of the Norwegian ship
      Bloomberg Business News  -  496 words
    • Article
      US firm launches US$235m debt issue
      177 33 SINGAPORE First International Petroleum Transportation Co Ltd has concluded a US$237 million <S$379 million) debt issue in the US institutional private placement market. Proceeds of the issue are to provide post delivery finance for the First International fleet of six new building double-hull 40.000
      177 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      847 33 F«ge Coi ABC Containerline 12 1 Accord Group 8 1-3 Ahrenkiel Liner 4 1/2 •APL 5 3-5 Appenship 18 1/2 •ANL 3 1/2 •ASCL 5 5 Avant Shpg 6 4/5 Bait Orient Line 7 4/5 Bank Line. The 9 5 Barbican Line 4
      847 words
    • Article, Illustration
      Lock icon Pesticide spill
      57 33 AFP DIELETTE, France Pans of a container, which stored dangerous packets of pesticides, lying dose to the bench of Dietette near the northern French city of Cherbourg. Eighty-eight containers were swept overboard from a freighter in the Channel during heavy storms. Firemen and army recruits cleared beaches of
      AFP  -  57 words
    • Article
      ISF lauds Asian unions9 rejection of pay rise
      249 33 ISF lauds Asian unions 9 rejection of pay rise SINGAPORE The International Shipping Federation (ISF) has welcomed reports that Asian seafarers have rejected a call for an across-the-board wage increase. The European affiliates of the International Transport Workers' Federation (TTF) had earlier asked for a 10 per cent pay rise.
      249 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        649 34 VmwI Voy No Berth Arrival Departure Vessel Voy No Berth Arrival Departure Jurong Porl Uw laya GoM Am Kafflui Ima 101 Sn Tg Sw Mali Wlyasa Are.* Batam Baragia Bit am Murm Batam Sayang Beautiful; B Bkssful Reefer Hut Utama Golden Marine 1 Hety Batam Komdo Kuala
        649 words
      • Article
        CONTAINER SCHEDULES
        1297 34 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO 2 RT FCL CONTAINERS AND LCL CARGO Ship Voy No Etb/Btr Record Book in (/Balance Period From To Rdts From Aci Jade 1S7B 17/1100 15/1700 16/1200 16/0659 16/1459 16/0900 16/1700 Aa Uy MM 18/1800 16/0700 16/1200 16/1159 16/1459 16/1400 16/1700
        1,297 words
    • Article
      THE SHIPPING GUIDE
      8764 42 rhii 14 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 K>n of Singapore LEttNO PN: ship calls at Penang after
      8,764 words
    • Article
      SHIPPING AGENTS
      3377 47 Apenocs Pic Ltd (Sl/Mannr Handling Sdn Bhd I PK/PN) Accord Aocuesl Sfcp* Pic lid (SV Accord Coatlr Line (PK/PN). Adkits Bmlans CmimIm PIiIIImIii Catmuice Shpg A Trdg Pie lid (S) Ahreakiel I larr Sets he Kim Shpg A Trdg (S). AkMM Sen-Ak Service: Fran Shpg Pic Ud «SX
      3,377 words
    • Article
      COURIER SERVICES
      278 47 Abaca* Couriers Td: 545-MI I. Fax: 545-1898. Air Express I ra»rl Td: 53J-577I Fax: 535-6144 Airborne Freight Corporalioa Tel: 542-8844 Fax: 542-3716. *****80 Airs»tfl HoeWsrUe Cornier Td: 278-0188. Fax: 273-8283. AJS SippUes Td |2 lines). 747-7421. Fax. 742-8975. Oty-Liak IalernatkMol Td 344-3377. Fax: 345^450 Cluster link Supplies A
      278 words
    • Article
      AIR FORWARDERS
      1437 47 Abrx Exprem Freight Td: 542-7171 Fax *****84 Artiaar Farsrarder Td 225-1833 Fax; *****42. Artlrair *j|Magmi TeL 542-7812: Fax. *****20 Arrottak Errlgbt lainaariuml Td 54S-S03L Fa* *****05. Td 542-5911 Fax: *****18 Air Cargo Norn Exprem Td 542-5454 Fax. *****06. Air Exprem Imetaarinaal Td 542-7666 Fax: *****74. *****50. Air Matin
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    • Article
      PORT CONDITIONS
      2197 48 Albania Duett One vessel discharging bulk wheat. 1 vessel in roads waiting to discharge bagged sugar. ANGOLA l uinda: Port operating normally. No congestion reported. Lobito: Port operating normally. Nami be: Port operating normally. all crude oil export terminals operating normally. ARGENTINA Santa Fe: No vessels berthed, none
      2,197 words
    • Article
      AIR FREIGHT SCHEDULE
      556 48 ARRIVALS DEPARTURES Op night Type ETA T From Op Hight Type ETD T To TODAY TODAY KAL KE697 B747F 0150 1 SEL KAL KE697 B747F 0440 1 BKK SIA SQ827 B747F 1730 2 CPH/DXB SIA SQ/ B747F 0715 2 DXB/LON CLX CV794 B747F 1845 1 LUX/DXB BA822
      556 words
    • Article
      Lock icon SHIP SALES & TANKER RATES
      1131 48 SHIP SALES TANKER RATES AFP THERE has been more activity this week with a number of significant sales reported and further tonnage said to be working firm. Tankers again lead the way. this time with a couple of diverse VLCC sales, the World Prelude 254,000 dwt and built 1988 being
      AFP  -  1,131 words
    • Article
      CRUISE & FERRY SCHEDULES
      675 48 CRUISE FERRY SCHEDULES ■MM IH i\'J \1 An Dep Now of Vessel ETA ETD Ports of Calb Port A«tat Telephone No DECEMBER 17 17 Renaissance 1 1000 1900 Cruise to Nowhere Lines Intl Holdings 224-2763 17 17 Coral Princess 1330 2030 Cruise to Nowhere Semjom Agencies 227-8284 17 17 Leisure
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    • Article
      DAILY FREIGHTS
      941 49 THE Baltic Freight Index for spot dry cargo shipping rates fell Co 1.231 on Tuesday from 1,234 on Dcc 13. There were rumors of a higher rate being paid on the US Gulf to Japan grain route. lino was said to have fixed Hanjin tonnage for a Jan
      941 words
    • Article
      TRANSPORT DIARY
      103 49 COURSES Tide Transport Disciple Duration: December Organiser The Chartered Institute of Transport Tefc For more information contact CTT Secretariat at 226-3433 or fax: 226-2477. Title: International Freight Forwarding (SDF 70%) Duration: Jan 20 Apr 7 Organiser: Singapore Freight Forwarders Association TeL For more information contact SFFA Secretariat at
      103 words
    • Article
      C0CKETT BUNKER MARKET REPORT
      808 49 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 arc based on average-sized stem. Market movements are indicated. The Cockett Bunker Price Index change and
      808 words
    • Article, Illustration
      Lock icon United adds Airbus A320 to its fleet
      864 50 The second largest US carrier has turned to the European consortium instead of reiving exclusively on American-built aircraft Bloomberg Business News Boeing co and McDonncll Douglas Corp yesterday lost their status as United Airlines' exclusive aircraft suppliers when the carrier initiated Airbus A320
      Bloomberg Business News  -  864 words
    • AIR AND LAND TRANSPORT NEWS
      • Article
        Ansett faces setback in plan to launch M'sian services
        378 52  -  From Florence Chong in SYDNEY AUSTRALIA'S second international airline. Ansett. has suffered a setback in starting services to Malaysia, the first country for which it sought landing rights. Ansett was to begin the service in a month but has applied for
        378 words
      • Article
        Lock icon Boeing gives US$300m deal to KAL unit
        232 52 Bloomberg Business News SEATTLE Boeing Co said it awarded a contract valued at as much as US$300 million (SS480 million) to a Korean Air Lines (KAL) subsidiary to supply parts for the next-gener-ation 737 jetliner. The Seoul-based company's Korean Air Lines Aerospace division
        Bloomberg Business News  -  232 words
      • Article
        Lock icon Mercedes to build new Baby Benz in Germany
        282 52 Reuter BONN The German luxury car maker Mercedes-Benz AG said on Tuesday it would build its new A-class "Baby Bcnz" city car at its Rastatt plant in Germany rather than at other sites it considered in Britain, France or the Czech Republic.
        Reuter  -  282 words
      • Article
        Lock icon GM to build right-hand drive Cavaliers in Ohio
        139 52 UPI DETROIT General Motors has decided to build right-side driver Chevrolet Cavaliers at its Lordstown. Ohio, plant to be sold in Japan under the Toyota nameplate. The arrangement between the GM and Toyota is believed to be the first of its kind,
        UPI  -  139 words
      • Article, Illustration
        Lock icon Pentagon to buy 40 McDonnell C-17 cargo jets
        251 52 Reuter WASHINGTON The US Defence Department has decided to buy at least 40 C-17 military cargo jets from McDonnell Douglas Corp but will not go further with the programme unless quality conditions are met. Pentagon officials said on Tuesday. While the decision
        Reuter  -  251 words
      • Article
        Lock icon EC govts forcing up costs: Iata
        322 52 Reuter GENEVA The International Air Transport Association (lata) accused European governments on Tuesday of forcing up costs for airlines and suggested this could create a new barrier to lower fares. The 221-member ofgamv ation said airlines flying in Europe will be asked to pay
        Reuter  -  322 words
      • Article
        Lock icon VW expects to secure deal to close down Spanish plant
        504 52 FT MADRID Volkswagen, a German car group, was expected to secure agreement yesterday to close down the Barcelona plant of Seat, its loss-suffering Spanish subsidiary. The deal, between Seat's management, the unions and the local authorities, is also to shed
        FT  -  504 words
      • LOG BOOK
        • Article
          Lock icon Laotian plane crashes, killing 17
          87 52 UPI BANGKOK A Laotian passenger plane on a domestic flight crashed into a mountainside in bad weather, killing 17 people an board, state-run radio Vientiane reported on Tuesday. The Chi-nese-built Y-12 turbo-prop aircraft of tbc Lao Aviation Company, the nation's flag carrier, crashed at about
          UPI  -  87 words
        • Article
          Lock icon Daimler-Benz gets Boeing contract
          85 52 Bloomberg Business News SEATTLE A Daimler-Benz AG subsidiary received a contrail worth more than USS39.5 million (SS63.2 million) from Boeing to help upgrade the detection systems on Nato's radar-wamiftg planes. Deutsche Aerospace Space Group (Dasa) will help Boeing enhance Nato's 18 E-3 Airborne Warning and Control
          Bloomberg Business News  -  85 words
        • Article
          Lock icon McDonnell gets missile contract
          79 52 Bloomberg Business News WASHINGTON McDonnell Douglas Corp received J USS209.8 million Navy contract for Standoff Land Attack (Slam) and Harpoon missiles, the Defence Department said on Tuesday. By December 1995, the company's missile systems unit win deliver 90 Slams and 93 Harpoons to the Navy. The
          Bloomberg Business News  -  79 words
        • Article
          Lock icon Austrian Air in separate talks with 3
          77 52 Bloomberg Business News VIENNA Austrian Airlines on Tuesday said it's talking with Deutsche Lufthansa AG and its Austrian affiliate, Lauda Airlines. about future cooperation. It's also in talks with Swissair about expanding their relationship that now indudc reservations systems and pilot training. These
          Bloomberg Business News  -  77 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1690 52 c* Flight ETA ETD Abu DfcaM GA965 1420 Adoiaido QF81 1930 QF82 2050 SQ228 2035 SQ25 0635 AiitMaai GA975 1140 KL838 2320 KL837 1540 SQ323 1815 SQ26 2359 Auckland NZ21 1710 ■Ml 1455 SQ288 2030 SQ286 2035 SQ288 2045 1 Sari Baga* aa 8)421 1105 SQI82
        1,690 words
      • Article
        Lock icon Japanese carparts makers cut investment
        168 52 Reuter TOKYO Japanese car component makers are reducing capital investment in line with Japanese carmakers' production slowdowns, company spokesmen say. Electronic parts maker Nippondenso Co Lid, owned 23.5 per cent by Toyota Motor Corp. will reduce its capital investment to 70 billion yen (SJB billion)
        Reuter  -  168 words
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      21 33 Lubricant United adds Airbus A320 to its fleet, Page 18 Ansett faces setback in plan to launch M'sian services, Back Page
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      Page 33 Advertisements Column 2
      14 33 Unas aad sarvkaa rspraaautstf by gjgsssu=S(|p Fa a&sart&jng anqutrts, contact Stopping Thm: 7W 740-206^740-2090
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      Page 33 Advertisements Column 3
      330 33 the FAMOUS Kik/ r JMAOA ■ifriniigid 224 1833 For more Information please refer lo Pg. 13 If BANGLADESH SHIPPING CORPORATION I CfflTTAGONG I TENDER NO. 01/93-94: INTERNATIONAL TENDER I NOTICE FOR PROCUREMENT OF ONE CRUDE OIL P TANKER 1. Sealed Tenders are invited by Bangladesh Shipping Corporation (BSC) from owners/agents/
      330 words
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      371 34 TSKLINE AGENCIES (S) PTE. LTD. r I |Z -W Tel: 226-3363 tyjl J. ULMZlf Fax: 226-1972/3 w Tlx: RS *****/TSKS1N. TOKYO SENRAKU KA1SHA, LTD. CR No: **********0N 1 Mtt 13W isTf .-si: !n: i: :i »a ULAC wa ii.12 RU au ?m 2712 tl\I c fttAsus II gJ2 mi »a
      371 words
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      Page 34 Advertisements Column 2
      1096 34 i flaST* 1 1 Tg !y .J., I CMVOOMI PtCtfiaI !l Rill) >1 I til I IJtUl I II < II I >11 III 1*1 I I UUMU IBM*I rjl V91 ilU I »U I II I II I 71 I II I til I til lit uienwuw u natii
      1,096 words
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      2191 35 M OOCL (8) PTE LTD JAftOME SHIPPING AGENCIES JAROINE SIRPPIMG AGENCIES BOM. BHD. TElT *****13 FAX 2? 1394? PETALING JAVA TEL 03-7****** FAX 03-*****42 DOCUMENTATION TEL *****56 (INWARD>/*****90 (OUTWARD! ?c' CfS TEL 3488 BOOKINGS TEL: *****60 *****81/ *****82 ,o DkJCl CFS (PSA F5) TEL: *****21/ *****79 P QUOANQ TEL: *****2/3
      2,191 words
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      Page 35 Advertisements Column 2
      1885 35 m ii'Mj.mjii.iiJ U. S. A. /CANADA NEXT AVAILABLE SAILINGS MAERSK KOBE V.9402 ETA SIN 20TH DECEMBER 1993 MATHILOE MAERSK V.9402 ETA SIN 21ST DECEMBER 1993 LUNA MAERSK V.9402 ETA SIN 22ND DECEMBER 1993 **mm VO* rtA fTO NM» by a DESTINATIONS r»»a mm MATV*_ae MAER9I v*4CZ I2ffTaffTHTW7yTyTWTTrTTWrJWT— 7v tj oav
      1,885 words
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      1576 36 aqasa n oam/ tI also accepting from i VESSEL VOY NO SP0R6 JEPOAH |V1A JCDl S ION H BUWQ A WW HAVRE WEST MALAYSIA KAl 05/349 tVU 27/12 2/1 5/) VI 10/1 12" Pon *«a#v Pen«r<t C.A S£lNE 33/150 22' 12 a." I 11/1 fr>1 P»»r Gutiang HQECH8T EXPRESS 12/350
      1,576 words
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      Page 36 Advertisements Column 2
      571 36 i FCL 4 B/eakbulli Service to AFGHANISTAN MAM Afghanistan Lid., Sole Foreign Forwarder in KstnJ tor aH services C.I.S.- Vostochny, Vladivostok, Moscow, Tashkent, Kiev, Minsk, Riga, Baku, Irkutsk, Alma Ala North Korea a Vietnam a Mongolia s Hungary CSFR a Poland FULL CONTAINER SERVICE TO NORTH/WEST AFRICA FEEDER VESSEL ETA
      571 words
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      Page 36 Advertisements Column 3
      1072 36 NORASIA I" VSL/VOY SIN ALa^^T^^^VAL^^uD^^MA^^^aMp^llo^^iCNT^^^^^ NORASIA SMGA 9346-3 16/12 05/01 66/01 06/01 06/61 10/01 11/01 12/01 13/01 16/01' I NORASIA SNARIAH 9346-3 22/12 12/01 15/01 16/01 16/01 17/01 16/01 16/01 20/01 21/01 I NOG ASIA MUBARAK 9350-3 26/12 16/01 22/01 21/01 23/01 26/01 25/01 26/01 27/01 26/01 I 29/01 30/01
      1,072 words
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      1791 37 W?' m STRAITS SHIPPING PTE LTD flKgf 10 Mm Oblong Rood *11-01 Keppel Tower* Singapore 0200 Tel: 22S07M fax: *****17 NEW GUINEA PACIFIC UM /SFPqgp (A SERVtCC OF CHMA NAVIGATION CO) CMGO M MS tflMTl KNTUK till Hwt lab. KK IV It fee 17 Ore 11 D*c FCL. LCI CONTMNHI
      1,791 words
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      Page 37 Advertisements Column 2
      1383 37 m SINGAPORE AGENT: MbbmH Baj/i PAO Containers (Singapore Agencies) Pte Ltd W& 0 Iwk 1 iXv/ VjlillLcliliCl a 10 Hoe CMang Road Kflppel Towwv. SJngapor« 0200 V#* TV TBI: 225 2233 TMex: RS ***** PNOCSP Fox: 225 5327/222 7517 W CR Number: 1Q49Q*****0Z EXPORT IMPORT naaai *o» -mo -pko mm
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      538 38 4tirW EKA jaya agencies V|ir TEL: *****22 (8 LINE8) FAX: *****05 SALES REPRESENTATIVES M CHARGE □EtMBIAH TTIAM fAflM ltW»f!tg«aHMCT tAM Ian nx»o« Mn> HQ cm BW1 «TT JIMI JBlHyP**** TO MYANMAR/YANGON SUM CONTAIN** unvtCE jgjg*7 M OCEAWLINES ttim iwm 11 71/12 77/17 yi YANGON GEN. AGENT: MVANMAR MARINE CO LTD
      538 words
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      Page 38 Advertisements Column 2
      705 38 HANJIN SHIPPING FIXED WEEKLY SAILING to COLOMBO AND EUROPE DESTINATION TRANSIT-TIME COLOMBO 4 DAYS ROTTERDAM 19 DAYS HAMBURG 21 DAYS FELIXSTOWE 23 DAYS LE HAVRE 25 DAYS ALSO ACCEPTING CARGO TO:AARHUS/COPENHAGEN/AMSTERDAM/ANTWERP/BREMERHAVEN/ OSLO/HELSINKI/MALMOE/STOCKHOLM/DUBLIN/BELFAST/BILBAO LISBON/LEIXOS/VIENNA/WARSAW/PRAGUE/BUDAPEST/GDYNIA/ RIGA/ST. PETERSBURG/MOSCOW PLEASE CONTACT THE FOLLOWING PERSONS FOR ENQUIRIES BOOKINGS:— JOE LIM DID *****22 PGR *****50 CHIU
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      1244 38 d I r] 1 d =1 I'l W H( IBS 116 MB IB? 0B V B67 11) UU M N Rt IN H mm m MB n M a E H l GBMTM B 04) WU R/V 77/1? Bai l/l VI 671 H 1/1 H/T 2t/l VJ t/t V7 IV7
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      1952 39 H s? II NEPTUNE ALMANDINE 04W ETA sgp 18/12/93 II H H ETA RDM 03/01/94 FLX 04/01/94 BBE 06/01/94. LEH 08/01/94 HI I' HI cu—Nap (mm CyprM* 821 M MS 86/0V84 Mf J /r HI *H2 CoMHCttn( CaBtornt* SMw* 62f In MRS O/ 61/84 WJ |j ie55^S«^5?»*****5Z52iE3w(s3^Si^^^S«*^^555^H3c^!5!Sr_____ VMML VOT U*
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      1091 39 O SINGAPORE SOVIET SHFPMG CO PRIVATE LTD wAw CR NO: **********0/N ENQURCS: *****33 BOOKINGS: *****64. *****51, *****31. *****13 4lA> BALTIC: INWARD *****81 OUTWARD *****81 T/S *****77 JfiflHRak BLASCO: INWARD *****79 OUTWARD *****80 T/S *****78 FESCO: BOOKINGS *****06 DOC *****07 .T- 4 MARINE MSURANCE: KVENTORY: *****59 CI KI Cn\/ AGENTS: KL
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      1655 40 W-AS AGENTS "V" LINE (SWfiAfOIK) PTt LTD (CM No: T**********N) H TEL: *****77 TELEX KAWAKI RS***** FAX ******6/7/8/9 W B (j* MALAYSIA 1" LRU NAJIITNC (MALAYSIA) SON BNO Q TEL SA *****00 PK *****75 PEN *****0 JB 236:01 PGU *****5/6 INDONESIA P.T. SAAAMA LAUT WTBNUSL TEL JKT *****08 its«l rr.T
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      727 40 f^\ pJS PHIU ORKNT LMS PT( LTP r 108 Robinson Road #07-00 GMG Building Singapore 0106 1 Tel: *****22/*****69/*****00 Telex: RS ***** Fax: *****76/*****38 A MEMBER OF THE SINGAPORE FREIGHT FORWARDERS ASSOCIATION AUSTRALIA/NEW ZEALAND/SOUTH PACIFIC FCL/LCL SERVICE 16 DEC SYDNEY. MELBOURNE BRISBANE. FRFMANTLE 25 DEC AUCKLAND. WELLINGTON. LYTTLETON NEW PLYMOUTH.
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      291 40 /W-, GOLDEN LINE A Jv GUAN GUAN SHPfttG (PTE) LTD 1 U. Tee tym km nupOM IIM m VI*9M (IB IMS) Fu U4JSM (ti m itumosws) BTRAITS/rotSlAR CPU 8PY1CB 5 m P Mm Pi— B saaj wnui cm* «lle 1U4I MM 0<4a U'MSac CWMA8MITBCS en»N RL—U aim* PBfl* 14/Ii tae
      291 words
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      915 41 PACIFIC INTERNATIONAL LINES (PTE) LTD i I 140 Street. #03-00 PIL Building. Singapore 0106. I ■■■«■>«■ B UflHV Cfl NO t006M*****E 1 VESSEL VOV SM CUM J4B J€D AGJ ADC MOO RZU ASA KOTA W1RAWAN WRM03S 30/1] 25/1J IV1S 2/1 VI 11/1 14/1 17/1 20/1 KOTA WUAYA WJA03S 21/12 VI
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      1030 41 ftmr. wi yaw HA—WC SOIIBB4N URIBMP TWNM nwrn m m mhw mm ivi? 04/»t io/»i n/si i*/0i ivsi I 14.1 L Ki MAClDOm WIW IS/SI W*\ ?t/»> «/Bl 24/S1 wui y Aq»A tuh 77/17 msi 14/st v oi is/si Wtu 01 WCAHA SMIW Sl/Sl IS/SI M/OI ll'Ot 01 02 I
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      391 41 BSA il. Mrih MYANMA «BBk FIVE STAR LINE (Myanmar National Line) Loading for Y»|on (Ranjooo) S pore F Kit Pot P Gd| ICR GUI V17IB hi Pwl IBS-SB nSMT 73/74 0K M£AB Y2S4W 1 lm UfcA rsa Morn MS TIM) WK uuai w m. U 7*i 7He ml m u
      391 words
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      2336 44 Full Container Liner Services kltiifsu s Agents: Moneui's Agents: Afwtv Booking Agents: Gam Cum Shiding 54a 1W Ctnr Ckfe* SMppmg S4a AW fj. CteSal fvtra MsrMme Costsr Shipping We Ltd stmimt rmt* la** c*m s* «m si rMm m*> «*u wj.hm h n. ■—ih7J o-e {JtoMffM 47 HOI Stmt 42BM
      2,336 words
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      613 45 FAMOUS CONTAINER LINES 10 ANSON RD. #15-21 INTERNATIONAL PLAZA. S PORE 0207 HOT LINE: *****33 (24 LINES) GOTHENBURG/SCAN 20/12 ROTTERDAM 20/12 MRHUS/COPENHAGEN 20/12 HAMBURG/BREMEN 20/12 MARSEILLE/FRANCE 21/12 FELIXSTOWE/UK 20/12 BARCELONA/SPAIN 23/12 LEHAVRE/FRANCE 18/12 GENOA/ITALY 18/12 ANTWERP/BELGIUM 20/12 LOS ANGCLES/WC/IPI 10/12 SYDNEY/MELBOURNE 22/12 i NEW YORK/EC 17/12 FREMANTIE/AOELAIDE 17/12 I VANCOUVER
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      817 45 1 I I r *i' I »o» 1 —=r El '> CWAIVA9MUBI »OS Pn 17/19 Tee »1/q I I f t Ml V999CL VOV "T E S BUTMMM 099 9al M/q Wed a/12 I 0CJA >HUM j£- HI mmUMN 01N Fti IT/q rnmm 20/12 i WANA ■HUM »7S w~3 ntu
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      222 45 Guaranteed Sailings to: BANGKOK LAEM CHABANG JAKARTA PORT KELANG •HO CHI MINH MANILA CEBU •SURABAYA PENANG HONGKONG We also serve other ports: USA, EUROPE, CHINA AND ALL DESTINATIONS IV TEL: *****33 (12 LinM) K FAX: *****15/*****03 IPOj TELEX: RS ***** RISHIP (3 Ums) ETHIOPIAN SHIPPING LINES j (N4lKxul Lifies of
      222 words
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      365 45 IS DONGNAMA LINE kssi K n« R9 n m «c iMonctMBo mm n/u »/u x/12 nru 7/i i/i MWMWsaon out wu i/i VI )«/i ti/i HKlfll T»7» «/l 1/1 S/l IS/1 21/1 21/1 mwil MI1B ll'l IVI ivi 71/1 M/I ROUND TNI AttA KFVICe YCJSEl SK BT r»S (SEC YOB
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      1500 46 paMMNCONTATNERLlNES :N=AV Ajwntr MAC-NILS tPORt: *****22 (24 LINKS) uv 'emmtmmrnmm 8®U (084) *****0 KUCHING (082) *****3 PENANQc (04) *****6 BANGKOK (662) *****67 MANILA (632) *****61 P KELANQ: <03) *****77 JAKARTA (21) *****07 SURABAYA: (31) *****0 HKG/TWN/BKK I GENOA/EUROPE PEN PKL SIN 5 SAILINGS WFFK PEN PK SIN 19/1? 20/12 21/12
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      182 46 SEAWARD SHIPPING AND TRADING CO (S) PTE LTD n* tit ni srm nan taws rams an mk n u IMH ku M* MM MM .'I I? l>v**rn ant LMftHft Ml ixxna n rem laM* fv MM iW 39. nomsim mm yuuo id+h i* MM IBMR* 20/12 I zMK* lv Mm
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      Page 46 Advertisements Column 3
      915 46 (Ms TH0NG SOON UNES PTE LTD //\V\ 71 SICNT0N WAY #10 01. SINGAPORE 0207 II V/ \y m 227-5088 FAX: *****11 I Til RS ***** CARRES. RS ***** ENH0L CABLE: T0S0C0 SINGAPORE TO SARAWAK rasa |w Is'potc ItKT |m \rmi Inst EQUATOR III 109/3E 18 DEC KUCHING EQUATOR GRACE 107/3E
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      16 49 EYE ON THE TIGERS Nobody covers East Asia like we do. The Region. Everyday. BusinessTimes noprm
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      59 49 —n The fotftutive Housekeeper -this hotelYT^ O vVLft, I I wants >s me. Bob I'll never nejlec-t I y -tibis house, baty J 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
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  • Page 49 Miscellaneous
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      691 49 TODAY'S TIDES (height in metres) MM MOO 01M 07M 0300 MOO 0500 0«00 0700 OHO 0900 1004 1100 12M 13M 1400 ISM ISM 17M 1100 IMS 2900 7)00 2?M 2308 24 LI U u 2.1 U U 12 12 li U u u u 11 U II 14 «J M
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      663 50 _B_ VIGOUR PACIFIC LINES VESSEL VIGOUR PACE* Uffi Iimm 25/12/93 wax P»cr»Q nwe 2S/12/83 *5*™ "2L. VIGOUR SINGAPORE 63» 24/12/93 1/1/94 M0 r VIGOUR SINGAPORE 69A« 27/12/93 1/1/94 I Hill HimWilHMU nil cwwwh j»viei VESSa VOYAGE SINGAPORE POUT KLARC PtRAHC SINGAPORE VIGOUR PACffTC £2® 17/12/93 19/12/93 20/12/93 rows 123 ?Q/H/M
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      Page 50 Advertisements Column 2
      269 50 ©APPENSHIP (3\ HAMBURG \7Vy CONVENTIONAL A INDEPENDENT LINER SERVICE EUROPE TO SOUTH EAST ASIA AMD FAR EAST ttUUS 10*HUG fORTS HGNMt LOAOMC FOR FOIIUM AKASAKA ANTWERP 06 11M SPORE 21/12 HAMONY KA 13 1193 SPORE 20/12 FKumOM AMTWERP 23 1193 SPORE «/1 BKK 11/1 KOALA CONTAINER LINE STORE FIX HMI
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      Page 50 Advertisements Column 3
      376 50 .&.COSCO UKC COWVPrnORAL tERVICC V65S£L PKL PNC p a LOAOIMO FOR: A VESSEL 26/«2 HoMereem/Antewp CHWIA COWVPfnOHAL MUVtCS VESSEL P*L P»»a P O LOAQ4NO FOR: A VESSEL IS/12 20/12 HuAngpu/GuanoMWu COtCO FULL CONTAIMSR WKYICtl (FCUFCt) EXPORT TO CISHA/SAMQKOA/MO-GAOHO WnOM/COWTlMENTAL «HT MKOITESRAMAM AUSTRALIA US WEST COAST PERSIAN OULF/KAAACHI Pl«M« rvtar abc««
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      886 51 I HYUNDAI I MERCHANT MARINE CO. ITD. WESTBOUND TO EUROPE BKG: *****61 <utu vot m m no visgis wt I at nm wi* tor hoi mt fcl I mM MHUKl OUA 13/12 14/12 11/12 K COMIANKX 307W 20/12 07/01 07/01 M/01 «/Cl 09/01 11/01 NOP MALACCA S3S1A 20/12 21/12 23/12
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      Page 51 Advertisements Column 2
      439 51 STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN R0-R0 ft HEAVY LIFTS WIOUW) VESSELS us hi in v ii ik u mac niKi «2 is/ii n/it NBA! 24 Ml M ft HI) una 12 A/1 l/l asm atiTu i/i 1 mm m 21/12 una fua ni i/i l/l una n« a/u 21.12
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      912 51 Am)L A H||d |«SE1 I WW SM fTA/O IAI 1 OAK 1 CM DAL |«/Ctt|H0U Tt MM A11ICAT0R TMJMM 51A 21-24/12 W/ll 11/11 12/01 11/01 14/11 14/01 14/M 15/11 MACKMAC BIDS 73A 3d-31/12 lt/01 11/11 10/01 20/01 20/01 21/11 21/11 22/11 AUJ6A10R WMX 41A 0* 07/01 23/01 25/01 H/ll 27/01
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