The Business Times, 1 February 1994

Total Pages: 48
1 48 The Business Times
  • 12 1 Business Times WE KNOW ASIA MITA(P) 010/12/93 Tuesday February 1 1994 75'
    12 words
  • 2am LATEST
    • 56 1 Reuter NEW YORK Bluc-chips raccd into record territory at midsession yesterday, as spillover buying from Friday's rally carried the Dow Jones index close to the magic 4,000 level. The Dow industrial average was up an impressive 36.55 points at 3.981.98 at 1 pm EST. eclipsing
      Reuter  -  56 words
    • 60 1 Bloomberg Business News TAIPEI The chief of Taiwan's central bank last night denied a newspaper report that he and the country's financc minister would discuss lifting a USSS billion (557.9 billion) ceiling on foreign stock investment in the country. "It's incorrect." said Samuel
      Bloomberg Business News  -  60 words
    • 67 1 Reuter WASHINGTON Saudi Arabia and the US have signed an agreement under which the cash-strapped Saudis will restructure USS9.2 billion (5514.6 billion) in arms payments to five major US firms. Defence officials last night said the deal could clear the way for a reported plan by
      Reuter  -  67 words
  • 122 1 Stock nirkct indices Monday C lung* STII 2.339 I. +39.03 KLSE C omposite ..1.106.99 +16.93 Nikkei 20.229.12 +1.471.2 HangSeng 11 487 02 +109.19 SET Index 1 493 45 -13.9 Jakarta Composite ...592.02 -0.63 CLSA China B 1.228.73 -37.65 AusiAIIOrd 1310 8 50 9 FTSE 100 3.491 8 +44.4
    122 words
  • 424 1  -  By Lee Han Shih SINGAPORE Sabah is expected to appoint an independent watchdog to monitor and control log exports after the state election this month. The East Malaysian state wants to clamp down on the illegal export of logs,
    424 words
  • 412 1 FT NEW YORK George Soros, best known as the currency speculator who made massive profits betting against the pound during the 1992 sterling crisis, is joining forces with GE Capital, the financial services arm of America's General Electric, to raise US$2.5
    FT  -  412 words
  • 356 1  -  From Vikram Khanna in DAVOS, Switzerland SINGAPORE entrepreneurs will not find it easier to operate in India than in China, says Senior Minister Lee Kuan Yew. Speaking to Singapore journalists at the end of the World Economic Forum
    356 words
  • 156 1 AFP WASHINGTON Federal Reserve ehairman Alan Greenspan said the central bank must decide this week when to push up interest rates now that the US economy is on a solid growth path with inflation well in check. The Fed chairman said yesterday in testimony
    AFP  -  156 words
  • 534 1  -  From Anthony Rowley in TOKYO TOKYO stock prices soared yesterday while the government bond market took a nosedive in what was a predictable short-term reaction to the surprise salvaging at the weekend of political and economic reforms in Japan. The Nikkei
    534 words
  • 246 1  -  By R Sivanithy SINGAPORE The region's stock markets posted mixed results yesterday, with institutional bargain-hunting dominating trading here and in Malaysia. Steady buying of blue chips here led to a 39.03point rise in the Straits Times Industrials Index, which closed at 2,339.10. The
    246 words
  • 152 1 Bloomberg Business News KUALA LUMPUR Maybank. Malaysia's biggest bank, said it will cut its base lending rate from 7.8 per cent to 7.65 per cent today the lowest level in nearly three years. Ahmad Mohamed Don, managing director of Maybank. a unit
    Bloomberg Business News  -  152 words
  • Page 1 Advertisements
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    • 8 1 Property: Pg 13 Dip in S'pore office rents
      8 words
    • 65 1 Hock Lock Siew: pg 17 pj Setting the stage for next bull run in ATftA Mahathir calls for chief minister's resignation. Back Page Aztech offers 88m shares, fixed-price portion priced at 88 cents, Pg 17 Fk ran s Mslsb Sarawak hydro-electric deal the background and the controversy it is certain
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      99 words

  • SINGAPORE NEWS
    • eye on the ECONOMY
      • 290 2  -  By Rahita Elias THE BATTLE CRY by the air cargo industry for the new year must be: the sky's the limit. The sector expanded by 16.6 per cent in 1993. handling some 838.000 tonnes. In the previous year, it had registered a growth of just
        Source: CAAS  -  290 words
    • 473 2  -  By Kenneth James IT LOOKS LIKE it's all systems go for the local information technology (IT) industry. More than four-fifths of Sin-gapore-based IT companies polled in a recent survey say they expect to do better in 1994 and beyond, propelled by
      Source: SFCI  -  473 words
    • 440 2  -  By Soh Tiang Keng AMERICAN International Assurance (AIA) and Balestier Medical Centre (BMC) yesterday launched Max Care. their health care plan to help companies keep a lid on soaring medical costs in Singapore. It is a two-in-one plan incorporating the features
      440 words
    • 219 2 SINGAPORE Abacus Distribution System has welcomed Taiwan's Eva Air as an equity partner in its Singapore-based computerised reservations system. Abacus said yesterday Eva Air had become the 12th partner in the company, but it did not disclose the amount Eva would
      219 words
  • Page 2 Advertisements
    • 220 2 MAKE THE MOST OF YOUR MONEY THIS LUNAR NEW YEAR, WHEN YOU WISH YOUR FRIENDS PROSPERITY FOR LIFE, DO IT WITH A GIFT THAT WILL LAST JUST AS LONG. •■'J.ZtMi. "4 llr »Wflnß The Royal Selangor Four Seasons tea set and vase (Personalised engraving available on most items). Lasting treasures
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    • 250 2 PUBLIC ANNOUNCEMENT from DR. EDWARD DE BONO 1 wish to announce that Linda Low and Peter Low of Thinking Management Techniques Resource Centre have been recognised as the Leading Trainers internationally in the use of the Six Hats Method 9 Their performance in providing training to thousands of Senior Executives
      250 words

  • SOUTH-EAST ASIAN NEWS
    • 593 3  -  From Florence Chong in JAKARTA INDONESIA will focus on small and medium-size industries to broaden its industrial base and to create jobs, says Hartarto Sastrosoenarto, Coordinating Minister for Industry and Trade. In an exclusive interview here yesterday, Mr Hartarto said the
      593 words
    • 278 3 JAKARTA Finance Minister Mar'ie Muhammad says that the government's privatisation programme will include subsidiaries of the state-owned oil company Pertamina and the electricity corporation PLN. The Jakarta Post on Saturday quoted the minister as saying that the privatisation programme, which would be
      278 words
    • 256 3 AFP KUALA LUMPUR Malaysia's inflation rate, measured by the consumer price index (CPI), was contained at 3.6 per cent last calendar year from 4.7 per cent in the previous year. The statistics department yesterday said the 3.6 per cent inflation rate was brought
      AFP  -  256 words
    • 279 3  -  From Al Labita in MANILA PRESIDENT Fidel Ramos said yesterday that he will take up "all the bilateral issues" between the Philippines and Malaysia during the Feb 3-6 visit of Malaysian Prime Minister Mahathir Mohamad. "We will address all the bilateral
      279 words
    • 357 3  -  From Al Labita in MANILA PRESIDENT Fidel Ramos yesterday appealed for calm as workers protested against the new oil price hikes and accused him of "subservience" to the International Monetary Fund (IMF). "These price adjustments are needed to enable the government to
      AFP  -  357 words
  • Page 3 Advertisements
    • 128 3 You may have got a whiff of the Opel Corsa GSi's performance abilities the last time you visited an entertainment park. However, to get the full-blown effect of a high-compression, twin-cam, 16-valve engine, a suspension featuring progressive miniblock springs, and ventilated discs coupled with ABS, we'd like to suggest a
      128 words

  • CHINA/HONGKONG/TAIWAN
    • CHINA WATCH
      • 73 4 AFP TAIPEI Taiwan has sent negotiators to Hongkong and Macau to revise accords for continued flight service to the two colonies after thev revert to Chinese rule respectively in 1997 and 1999. The United Daily Sews yesterday said the negotiators, including Sun Chao Liang, director
        AFP  -  73 words
      • 89 4 AFP BEIJING The director and four other officials of the China Industrial and Commercial Bank in Benxi. north-east China, have been sentenced to between two and six years in jail for corruption. The China News Service yesterday said the stiffest sentence went to bank director
        AFP  -  89 words
      • 102 4 Bloomberg Business News HONGKONG China's unification of its two foreign exchange rates on Jan 1 represented a "bold step" for economic reform, but the changes could affect the stability of the domestic currency later this year, the Hang Seng Bank said, in a
        Bloomberg Business News  -  102 words
      • 71 4 AFP BEIJING Investment bankers J P Morgan opened their first representative office here yesterday, reflecting the importance of China's growing role in international financial markets. The US bank's operations will focus on aiding the Chinese government and enterprises to raise capital in world markets,
        AFP  -  71 words
      • 75 4 AFP BEIJING China's 40-year-old household registration system, which draws a rigid line between the agricultural and town populations, is to become the latest victim of the country's economic reforms. Xinhua yesterday said that the ministries of public security, construction and agriculture had begun a complete overhaul
        AFP  -  75 words
    • 280 4 Reuter TAIPEI Taiwan has drafted a new schedule to sell stakes in four state firms China Steel Corp, BES Engineering Corp. China Petrochemical Development Corp. and Taiwan Machinery Manufacturing Corp. The time-table is tentative and in the cases of BES, China Petrochemical and TMMC
      Reuter  -  280 words
    • 539 4 Reuter BEIJING China and Taiwan opened a fresh set of "unofficial" talks yesterday, tackling the sharp political strains that have cast a pall over burgeoning economic ties. Chao Jen-ho. secretary-gen-eral of Taiwan's Straits Exchange Foundation, warned against hopes for a breakthrough during
      Reuter  -  539 words
    • 341 4  -  By Yong Pow Ang SINGAPORE Qingdao is trying to revive a marine theme park project abandoned by two of Singapore's govern-ment-linked companies. Straits Steamship Land and Nat Steel announced in November last year that they were pulling out from the 525-mil-lion marine
      341 words
    • 249 4 AFP BEIJING The People's Liberation Army has been told by the Communist Party leadership to step in line behind the ideals of socialism. The PLA's powerful political department has issued a circular, published on the front page of newspapers here yesterday, calling on
      AFP  -  249 words
    • 36 4 Xinhua NANJING Huang Wanfang, 92, receiving a facial at a beaut) parlour on Sunday in Nanjing, Jiangsu pro inee. She has been going for weekly facials since last October. Xinhua
      Xinhua  -  36 words
    • 266 4 Bloomberg Business News HONGKONG Chinas main listed investment company in Hongkong. Citic Pacific, says it may eventually set up joint ventures to make vehicles in China with Japan's Nissan Motor Co and Honda Motor Co. Currently Citic Pacific distributes vehicles
      Bloomberg Business News  -  266 words
    • 544 4  -  By Schutz Lee SINGAPORE —"Singapore investors in China's real estate sector are confident that the latest efforts by the central government to control the building boom will not afTcct their projects. The view among Singapore companies is that the move i$ aimed
      544 words
    • 556 4 Reuter HONGKONG Premier Li Peng will meet a group of China's Hongkong advisers on the British colony's doorstep shortly before Governor Chris Patten is expected to push ahead with his most controversial democratic reforms, a Beijingcontrolled newspaper said yesterday. Men Wo
      Reuter  -  556 words
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  • Page 5 Advertisements
    • 83 5 Johnnie I: Cfassk: jl WWTIN dt.nwin v-■» <. »i i-w- mm i 7 7 rr". i ~T NICK lAI DO fv I I j (iRFXi NORMAN BI RNHARI) I ANGI R J I RI D COUPLKS lAN WOOSNAM i J 4 i SI VI BAI.LI.STI.ROS While only one will get
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  • REST OF ASIA
    • 480 6 Reuter TOKYO The government's Economic Planning Agency (EPA) considers it appropriate to set Japan's economic growth target at 2 to 2.5 per cent for the 1994/95 fiscal year starting April I, a senior EPA official said yesterday. "1 cannot say it
      Reuter  -  480 words
    • 495 6 IHT NEW DELHI Finance Minister Manmohan Singh, having masterfully survived a major financial scandal and riding a groundswcll of popular support. is pressing the accelerator on India's economic liberalisation drive. Several major economic moves are expected to be unveiled in the middle
      IHT  -  495 words
    • 376 6 AFP COLOMBO Sri Lanka is banking on free-market reforms in its giant neighbour India to boost the economy. Prime Minister Ranil Wick- remesinghe says he expects faster growth in the local manufacturing and construction sectors as India dismantles its
      AFP  -  376 words
    • 238 6 Reuter, Bloomberg Business News CANBERRA Australian businesses expect profits this year to rise 18 per cent from a year earlier, according to a government survey. But the Bureau of Statistics survey, taken in December, shows that fewer companies jiexpect to increase investment
      Reuter,; Bloomberg Business News  -  238 words
    • 44 6 AFP DHAKA Out in iiill force on Sunday, these women were lining up at a polling centre for mayoral and city commissioners' elections in Bangladesh's capital. In two other cities, police were called in to quell poll-linked violence. AFP
      AFP  -  44 words
    • 305 6 Reuter TOKYO Japan had no plans to break its long-standing principles barring the development of nuclear weapons, a Defence Ministry spokesman said on Monday. He was commenting on a London newspaper article which quoted a secret British government report as saying Japan
      Reuter  -  305 words
    • 395 6 Reuter TOKYO When Yoshio Tcrada opened a branch of his aggressive Step discount appliance chain in 1987, harassment by zealous competitors drove him out of business in only two months. Mr Terada says competitors in the Akihabara area, where all the big
      Reuter  -  395 words
  • Page 6 Advertisements
    • 309 6 MANAGEMENT 6 Exclusively reserved for top management, the seminar looks at the chief executive's unique challenges and multi-faceted responsibilities, especially when operating in the Asian context. The seminar offers participants the opportunity to: pause and reflect on their job develop professional and personal share their experience and concerns with contacts
      309 words
    • 21 6 f STRAIGHT TALK You shouldn't have to read between the lines to get the full picture. Companies Markets. Everyday. Business Times
      21 words

  • THE WORLD
    • 348 7 Reuter FRANKFURT Thousands of German engineering workers downed tools and demonstrated yesterday at the start of a wave of token strikes over management demands for a wage freeze and reduced employee benefits. But as the protests began, employer and union leaders made
      Reuter  -  348 words
    • 418 7 AP WASHINGTON The Clinton administration is about to propose a major revision of the Superfund law that would ease the rules for cleaning up some toxic waste dumps, depending on plans for land use, allowing community groups to be
      AP  -  418 words
    • 183 7 Reuter NEW YORK US consumers spent more than their pocketbooks allowed in 1993, a trend which, if sustained, could significantly limit the economy's future growth prospects, economists said yesterday. The Commerce Department. in its latest report yesterday. said December 1993 personal income and
      Reuter  -  183 words
    • WORLD WATCH
      • 110 7 Reuter SIMFEROPOL, Ukraine Russian nationalist Yuri Meshkov was elected president of Ukraine's Crimean peninsula by a margin of more than three-to-one over his opponent, official results showed yesterday. Mr Meshkov, who wants to draw Crimea closer to Russia, won 72.92 per cent of the vote in
        Reuter  -  110 words
      • 30 7 Reuter SARAJEVO, Bosnia Fadil Hodzic working in a factory which makes prosthetic limbs for war-maimed residents. There are more than 500 customers on the waiting list. Reuter
        Reuter  -  30 words
      • 91 7 Bloomberg Business News DAVOS, Switzerland Swiss unemployment won't decline until 1996, Swiss Economics Minister Jean-Pascal Delamuraz said. His view contradicts statements made earlier this month by other government officials and the Swiss National Bank. Mr Delamuraz said "all this year, unemployment will stay at this
        Bloomberg Business News  -  91 words
      • 62 7 Reuter LONDON Saudi Arabia's royal family has secretely commissioned a 10,000-line mobile telephone network for its exclusive use from the German electronics group Siemens AG, according to the Financial Times. It has not sought approval from the Saudi Arabian telecommunications authorities and has taken frequencies
        Reuter  -  62 words
      • 72 7 Reuter MILAN Milan magistrates have issued a warrant for the arrest of the head of Italy's largest savings bank, Cassa di Risparmio delle Provincie Lombarde (Cariplo), on suspicion of corruption. Court sources said yesterday Cariplo president Roberto Mazzotta was wanted in connection with an
        Reuter  -  72 words
    • 263 7  -  From Vikram Khanna in DAVOS, Switzerland RUSSIAN Prime Minister Viktor Chernomyrdin has told the World Economic Forum here that establishing financial stability and preventing inflation from rising above its 1993 level will be the Russian government's top priority in 1994.
      263 words
    • 43 7 AFP AMSTERDAM Three-day-old Moniqae taking a peek at the world into which she was delivered. The baby giraffe was born last Saturday at the Zoo Artis. Both Moniqae and her mother, Grena, are said to be doing fine. AFP
      AFP  -  43 words
    • 320 7 Bloomberg Business News LONDON British money supply growth figures were exceeding monitoring ranges as a result of interest rate cuts towards the end of 1992, the United Kingdom Treasury said. Britain's narrow money supply measure, MO, rose a provisional, seasonally
      Bloomberg Business News  -  320 words
    • 286 7 Bloomberg Business News PARIS The French government, in a bid to speed up the country's fragile economic recovery, has agreed to a package of measures to boost consumer spending, especially on cars and home improvement. It has also announced plans to cut the
      Bloomberg Business News  -  286 words
    • 357 8 AP WASHINGTON The federal government may lay off thousands of federal workers later this year unless Congress approves an employee buyout plan to prompt voluntary departures, officials say. The Clinton administration has wanted to offer workers as much as U5525,000 (5539,863)
      AP  -  357 words
    • 227 8 AP NEW YORK American manufacturers' orders for machine tools rose sharply in December from the previous month, riding the economic recovery to significant gains for the year. The Association for Manufacturing Technology reported on Sunday that machinc tool orders rose 37.4 per cent
      AP  -  227 words
    • 39 8 AFP PROMOSA, South Africa A Nelson Mandela supporter shouting slogans while holding up an ANC election poster at an election campaign meeting here. South Africa's first non-racial election is slated tentatively for April 27. AFP
      AFP  -  39 words
    • 380 8 Reuter, Bloomberg BRUSSELS Six major aluminium producers have agreed on a plan to chop back a serious oversupply of the metal on world markets, the European Commission said on Sunday. The brief statement from the European Union's executive branch gave
      Reuter,; Bloomberg  -  380 words
    • 489 8 Output growth from these companies fastest in 5 years Bloomberg Business News LONDON Smaller UK manufacturing companies are leading the economy to recovery, according to the Confederation of British Industry. Output from these companies over the past four months grew at its fastest rate
      Bloomberg Business News  -  489 words
  • Page 7 Advertisements
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  • Page 8 Advertisements
    • 109 8 /THEXOf Ithat deserves! #TO BE ON TOP.m Before you order your hampers this festive season, make sure the bottle that sits on the very top is the very top. That's Remy Martin XO Special. The fine champagne cognac. Remy Martin is made only from hand-picked and hand-selected A «T grapes
      109 words

  • SPORTS
    • 1106 9 Winners and losers both made history Super Bowl XXVIII AP ATLANTA The Dallas Cowboys and the Buffalo Bills played for Super Bowl history on Sunday and they both got it. The Cowboys won their second straight NFL championship and were proclaimed the team of the '90s. The Bills lost in
      AP; AFP  -  1,106 words
    • 828 9  -  By Dave Anderson NYT ATLANTA The Bills lost another Super Bowl. And to make it worse, for a while it appeared that the Bills might win, that the Bills would finally shrug those three Super Bowl monkeys off their backs. But now there's a
      NYT  -  828 words
    • SIDE LINES
      • 82 9 Reuter DUBAI, United Arab Emirates South African Emie Els won the Dubai Desert Gassic golf title on Sunday with a six-stroke lead to earn the £75,000 (S$ 180,000) top purse. Els carded a one-under-par 71 for a four-round total of 268, beating by three
        Reuter  -  82 words
      • 81 9 AFP ORLANDO, Florida John Daly, suspended from the PGA Tour for quitting in the middle of a round last autumn, says he will return to competition in March. He planned to be back in action for the tournament in New Orleans, Louisiana, March 31
        AFP  -  81 words
      • 94 9 UPI MEXICO CITY Mexican sportswnters saw the defeat of Julio Cesar Chavez as the breaking of a charm when the country's leading fighter lost his WBC super lightweight crown to Frankie Randall of the US in the first defeat of his professional career. "The charm
        UPI  -  94 words
      • 151 9 Reuter BASSETERRE, St Kitts England's volatile left-arm spinner Phil Tufnell came dangerously close to losing his temper on an otherwise featureless day's play against St Kitts and Nevis on Sunday. Tufnell took three for 58 as the home side ground their way to 256 for
        Reuter  -  151 words
      • 130 9 UPI CHICAGO Walt Disney Co has pulled out of negotiations to produce the June 17 opening ceremonies of the 1994 World Cup soccer tournament in Chicago, according to a published report. Disney appears to have been unable to reach a financial arrangement with
        UPI  -  130 words
    • SCORE CARD
      • Article, Illustration
        194 9 AP NEW YORK NBA Sunday: Boston 106 Phoenix 94; Portland 93 NY 103. Standings (W L Pet CB) Eastern Conference, Atlantic Division: 1 NY 30 11 .732 2 Orlando 26 17 .605 5 3 Miami 20 21 .488 10 4 Boston 20 23 .465 11 5 New Jersey 19
        AP  -  194 words
      • Article, Illustration
        94 9 Reuter ADELAIDE South Africa were 18 for three wickets in their second innings at the close of play on the fourth day of the third test against Australia at the Adelaide Oval yesterday. Australia first innings: 469 for seven declared (S Waugh 164, B McMillan 3/89). South Africa first
        Reuter  -  94 words
      • Article, Illustration
        371 9 AFP AFP AFP Reuter SCOTTSDALE, Arizona Phoenix Open final round scores Sunday (All US* 268 Bill Glasson 68 68 68 64 271 Bob Estes 66 68 69 68 272 Mike Springer 68 68 71 65, JefT Maggert 70 68 69 65, Blaine McCallister 67 69 69 67 273 Tom
        AFP; Reuter  -  371 words
    • 430 9 Golf AP SCOTTSDALE, Arizona Bill Glasson, producing the best round of the day, shot a seven-under-par 64 on Sunday and came from two strokes behind to win the Phoenix Open by three strokes. He finished with a 16-under 268 in capturing the
      AP  -  430 words
    • 496 9 NYT MELBOURNE Pete Sampras' career is in full bloom. By defeating fellow American Todd Martin, 7-6 (7-4), 6-4. 6-4, in the 1994 Australian Open men's singles final on Sunday at Flinders Park. Sampras earned a third consecutive Grand Slam title and the fourth of his
      NYT  -  496 words

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  • LIFESTYLE
    • 859 11  - A farce without the laughs Claire Leow sat through Theatreworks' Light in the Village and wilted Claire Leow IF YOU have bought tickcts for Light in the Village being staged by Theatreworks at the Black Box don't hold your breath. You will come out and spout well-worn cliches like the
      859 words
    • 372 11 CHATTERBOX UPI UPI UPI NANCY Kerrigan is entertaining close to 40 ofTers from producers who want to turn her life story into a TV film, according to New York Daily News columnist George Rush. He says the skater's agent. Jerry Solomon, hopes to close a
      UPI  -  372 words
  • Page 11 Advertisements
    • 168 11 GENUINE taste OF ITALY. JbiJnv Come and dine at Pasta Fresca. Let our wide range of authentic Italian pasta, pizzas, ice-cream and cappuccino thrill you. And of course, don't miss our most-talked about dessert, Tiramisu. PASTA FRESCA DA SALVATORE PTE LTD BLK 833 «01-03 ROYALVtLLE BUKIT 71MAH ROAD SINGAPORE 1027
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  • Page 11 Miscellaneous
    • 1364 11 TV RADIO Dane** With Wolves, Kevin Costner directs himself as a soldier wounded in the American Civil War. Sent to a Hi deserted/rentier fort, he makes p Q the Sioux Indians, and a white woman //M Jv/ (Mary McDonnell). Simplistic but watchable 1990 Western TjA/. Jp V i.jjnk swept seven
      1,364 words

  • PROPERTY & CONSTRUCTION
    • 648 12  -  A survey by a real estate agent has shown that house buyers prefer one or two storeys. Sylvia Wong reports Sylvia Wong LANDED property buyers prefer one or two-storey houses, says real estate agent Knight Frank Cheong Hock Chye A Baillieu. The firm polled
      648 words
    • 406 12 Asahi THE NUMBER of new condominium units put on the market by Japan's private developers in 1993 rose 39.2 per cent from the year before to 104,621 units, surpassing the 100,000 mark for the first time in three years, the Real
      Asahi  -  406 words
    • REGIONAL SKYLINE
      • 83 12 SINGAPORE Meridien, a subsidiary of the Air France Group, has signed a management contract with Indonesia's Bakrie Group to operate a luxury resort hotel on the island of Bali. The 120-ha waterfront hotel, Le Meridien Bali, will feature 276 guest rooms and 24 guest
        83 words
      • 69 12 SINGAPORE DTZ Debenhan Thorpe has set up a real estate consultancy office in Kuwait. The new company, DTZ Ream, is being structured and coordinated by The International Investor, a Kuwait-based Islamic investment bank. The new company will initially be handling the management of property portfolios of
        69 words
      • 87 12 Bloomberg Business News HONGKONG Hongkong's luxury office rent has fetched a historic high of HKS9I psf, the Hongkong Economic Journal reported yesterday. The Chinese-language daily said the lease is for 2,500 sq ft of Citibank Plaza, an office building developed by real estate
        Bloomberg Business News  -  87 words
      • 63 12 Australian Financial Review SYDNEY Brisbane is being hit with an explosion of inner city residential projects with 1,100 units underway or planned, according to Colliers Jardine. However, the demand for city living is at the expense of developments in the fringe riverfront suburb of Kangaroo Point,
        Australian Financial Review  -  63 words
      • 114 12 Australian Financial Review SYDNEY After plummeting to their lowest levels in over a decade, rentals in Perth's market for premium-grade office «ptkt may finally show some improvement towards the end of this year, according to industry analysts. The level of incentives available may start
        Australian Financial Review  -  114 words
    • 557 13  -  A J Leow looks at a report on Asia's office rents A J Leow CONSOLIDATION of office rents in Singapore over the past two years has made it relatively cheaper for companies hoping to tap into the booming Asia Pacific economies.
      557 words
    • 353 13 Jones Lang #f£Wootton Selected market transactions in the past week Sutton DWlict j T W» Tfnuw PRIVATE Jan 26,1994 0511 Normanton Park Apt 1300 99LH 430,000 331 Jan 25,1994 0718 The Plaza Apt 2000. FH 750,000 I 375 Jan 26,1994 0923 Belle Vue Apt 1300 FH 850,000 j
      353 words
    • 426 13  -  A Malaysian town and several Indonesian cities were brought to the attention of participants at a recent seminar organised by the Construction Industry Development Board. Sylvia Wong looks at what these sites have to offer Sylvia Wong ANEW development corridor is building
      426 words
    • 384 13 PROPERTY markets outside Jakarta are becoming attractive for investments as they urbanise, says a property consultant. Amos Koh told participants of a recent CIDB seminar that the prospects for investing in Indonesian cities like Surabaya, Bandung, Medan and Semarang are growing rapidly,
      384 words
  • Page 12 Advertisements
    • 268 12 BUY BONDS FOR STABLE INVESTMENT RETURNS The returns from investments in the stock markets can, at times, be very impressive. Unfortunately, they also suffer the disadvantage of volatility. Prices can go up and down quite significantly. While the economic fundamentals remain positive for 1994, you should consider investing in bonds.
      268 words

  • Page 13 Advertisements
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      149 words
    • 106 13 WESTERN SAMOA ■HIHSIJfHH long term international companies are the most effective for your offshore company structure. Available at an effective annual cost We also provideoffshore companies from: from as low as US$4OO British Virgin I«lands per annum. g a i uunag Bermuda Full nominee, management, secretarial and ot'herTtogrtter with and
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    • 215 13 NEW YORK REAL ESTATE INVESTMENT OPPORTUNITIES AT MARKET BOTTOM New York based International Property Investment Management presents a selected portfolio of apartment, retail, office and hotel buildings for sale. Net yields up to 20%. Bank foreclosures, bankruptcies and "special situations". From Ss2 million to Ss3o million Properties located in prime
      215 words

  • 492 14 EDITORIAL WHILE Indonesia's rapidly expanding banking industry has been a major beneficiary of the country's economic deregulation over the past six years, it is struggling to digest its growth. So it came as no surprise last week when, in response to the mounting volume of non-performing
    492 words
  • WHAT THE OTHERS SAY
    • 282 14 MANY Asian cities and waterways, some agricultural land, forests, and air quality have deteriorated as the region grows apace. But Western industrial states experienced far worse damage at a comparable stage of their development. The West's attempt to champion environmental concerns is, therefore, a poorly camouflaged
      282 words
    • 143 14 EFFORTS to find a peaceful solution to the Middle East conflict have received some positive gestures from some of the parties involved lately President Ginton, President Assad, King Hussein and Prime Minister Rabin. All these may just be gestures. But they are definite first steps
      143 words
    • 162 14 FOR PEOPLE aspiring to own a car, any measures that could ease the rocketing prices of Certificates of Entitlement (COEs), even temporarily, would be worth a try. The recent move to channel excess motorcycle COEs to other vehicles is one such example. Looking at the demand for
      162 words
    • 167 14 WHEN other countries accuse us of violating human rights or neglecting our human rights, we say that is impossible because our state ideology is Pancasila, of which humanitarian ism and justice are among the basic tenets. It sometimes looks as if we do not find it
      167 words
    • 143 14 AT THE MOMENT, there is almost no stock-lending or short-selling in Hongkong. What stands in the way is simply red tape. All it would take to turn an unviable market regime into a highly flexible and profitable one would be to extend to one year the 14-day
      143 words
    • 156 14 BY RESIGNING if he fails to wrench the concessions he needs from the LDP, Japanese Prime Minister Morihiro Hosokawa would expose the LDP to the wrath of an enraged electorate. No matter how unrepresentative Japan's electoral boundaries are, it is unlikely a pro-reform government
      156 words
  • 978 14  -  Taiwan will rely more on the public sector and less on the private sector to finance its infrastructure programmes. Anthony Rowley reports Anthony Rowley The writer, BT's Tokyo Correspondent, visited Taiwan recently TAIWAN is making moves to promote local and foreign investment in its
    978 words
  • Page 14 Advertisements
    • 64 14 Spotlight: Wearne Brothers, Vikay l/#;i FEBRUARY 1994 MmM MWB ll "1 $4 Red chips A rising A industry: Flying high? 1994's winning currencies GET KT NOW Available at Newstands from your Newsvendor Times the Bookshop NTUC Supermarkets 7-Eleven stores STOP PRESS kiosks. If you are unable to get SINGAPORE BUSINESS,
      64 words
  • Page 14 Miscellaneous
    • 72 14 i.i«pi &f\C<u)PteDS I'D SRV FoUP "O A LO'tfG Does IT PvND R WfMJ= J It) Get TO uOQgIC ?J yr-B-i- SS 9113 C AHOCIATtP MtW»>A*«tt» LTP, HPIW4 C-^—- frxcfl*— DOONESBURY GARRY TRUDEAU MH£*£ IS THAT 0US 7 LAST NI6HTIOROPPBP MY I IS» 'IM^i I'LLBeTTHtYCOUUm ISNTTHIS UJOPST' ANP KBYS IN A
      72 words

  • ANALYSIS
    • 1985 15  -  On Sunday, Dr Mahathir Mohamad announced the award of the massive M$ 15 billion Bakun hydro-electric dam project in Sarawak to Ekran Bhd. In Kuching, Leslie Lopez examines the background to the deal, its significance and the controversy it is sure to stir up
      1,985 words
    • 1024 15  -  Recently in New Delhi, Nirmal Ghosh found India and Israel eager to make up for lost time and opportunities Nirmal Ghosh SHIFTS in India's political and economic policies are opening up new markets in partnership with countries with which it has hardly been
      1,024 words
  • Page 15 Advertisements
    • 27 15 Find a new owner for your apartment Make a move to sell your apartment to a variety of home owners quickly with a convenient, fast-acting classified ad.
      27 words

  • 534 16  -  World Economic Forum Breakdown in post-Cold War coordination a setback for world economy From Vikram Khanna in DAVOS, Switzerland WESTERN economic coordination had broken down with the end of the Cold War and this had had a negative impact on the world economy.
    534 words
  • 345 16 Reuter, AFP, Bloomberg Business News WASHINGTON President Bill Clinton has congratulated Japanese Prime Minister Morihiro Hosokawa on his political reform victory but is now urging quick progress on the economic front, an official said yesterday. To hammer home the point, Mr Clinton sent his top
    Reuter,; AFP,; Bloomberg Business News  -  345 words
  • 202 16 AFP TOKYO Japanese government leaders agreed yesterday to income tax cuts, aimed at boosting the economy, and a consumption tax hike to pay for it, officials said. The accord was reached at a meeting attended by Finance Minister Hirohisa Fujii,
    AFP  -  202 words
  • 118 16 AFP JAKARTA The Indonesian government has set Feb 12 as the deadline for all companies in Jakarta and West Java to comply with new minimumwage regulations which took effect this year. The Jakarta Post yesterday quoted Manpower Minister Abdul Latief as
    AFP  -  118 words
  • 100 16 AFP DAVOS Israeli Foreign Minister Shimon Peres listening to the speech of Palestine Liberation Organisation chairman Yasser Arafat during a World Kconomic Forum session on "Cementing I he Peace In The Middle East" here on Sunday. Mr Peres and Mr Arafat are to meet in Cairo
    AFP  -  100 words
  • 285 16 AFP KOTA KINABALU Prime Minister Mahathir Mohamad yesterday demanded the resignation of Joseph Pairin Kitingan. the Chief Minister of the opposition-led East Malaysian Sabah state, calling him "shameless" for not quitting despite being convicted of corruption. "Kitingan's move to contest the state
    AFP  -  285 words
  • 406 16 AFP BANGKOK The economics of the developed Asia-Pacific nations should perk up slightly this year, while the newly industrialising countries and developing ones should see continued high growth, the United Nations said yesterday. China will continue to sec the greatest
    AFP  -  406 words
  • 981 16  -  The Bottom Line ANWAR IBRAHIM ANWAR IBRAHIM The writer is Malaysia s Deputy Premier and Finance Minister. This article first appeared in the International Herald Tribune FOR the first time in modern history. Europe and North America are looking at Asia with a
    981 words
  • Page 16 Advertisements

  • COMPANIES & MARKETS
    • 556 17  -  By Barnard Chew SINGAPORE Local personal computer (PC) sound card maker Aztech Systems Ltd launched its initial public share offer yesterday, putting up for sale a total of 88 million shares with a par value of five cents each. The shares, which will
      556 words
    • 438 17  -  By Amy Balan SINGAPORE Lien Hoe Corporation, which announced over the weekend that it was buying a Sabahbased timber company for MS 163 million (5594.5 million) cash, is believed to be eyeing a Malaysian stockbroking Arm. Sources familiar with the company say
      438 words
    • 195 17 SINGAPORE The Vietnamese subsidiary of Resources Development Corp has teamed up with three other parties to develop a residential, office and retail complex in Ho Chi Minh City, Vietnam. RDC said yesterday that its subsidiary RDC Vietnam had signed a preliminary agreement with Singapore-based
      195 words
    • 60 17 SINGAPORE Sembawang Projects Engineering (Sempec) has won a contract from Siemens of Germany to design and construct piping systems for two power stations in Malaysia. This is Sempec's first major power plant project, said parent Sembawang Holdings yesterday. The plants in Terengganu and Johor are
      60 words
    • 866 17  -  HOCK LOCK SIEW By Amy Balan SINGAPORE Will Malaysia's two new share offerings by the state-owned Hicom and Petronas Dagangan re-ignite interest in the stock market? Going by last week's extra-long queues for share application forms,
      866 words
    • 321 17  -  Toll road is first involving foreign builders By Nirmal Ghosh SINGAPORE The Singa-pore-based Scmbawang group and Malaysia's Hong Leong group arc among bidders for a contract to build a private toll road in India the 10.35 km Panvel bypass near Bombay. If
      321 words
    • 341 17 SINGAPORE Stockbroker Kay Hian James Capel (KHJC) has increased its capital again this time by 4.4 per cent or 16 million shares. KHJC announced yesterday that the 16 million new shares were subscribed by its parent on Jan 28, bringing the
      341 words
    • Article, Illustration
      350 17 Source: Bridge Info Performance of STII's Index stocks Jan 31 Last Sease ladex Slock sale Char factor aom <$><$) Awmo 2 250 -0 050 141 -I 88 CAt 8 150 0.350 5.11 13 16 CWT 3 140 0 060 1.97 2.26 Ccrctws 8 000 -0 100 5 02 -3
      Source: Bridge Info  -  350 words
    • COMPANIES
      • COMPANY BRIEFS
        • 74 18 SINGAPORE Pentex Schweizer Circuits expects more stable growth of 20-40 per cent in sales of its multi-layered printed circuit boards. The company said yesterday that production of multi-layered PCBs commenced in late 1992 and, being a higher value-added product, customers had taken six
          74 words
        • 43 18 SINGAPORE Compact Metals has passed an ordinary resolution authorising its directors to issue six million new shares of 10 cents each under the terms and conditions of a placement agreement dated Dec 20 with Overseas Union Bank.
          43 words
        • 59 18 SINGAPORE Guthrie GTS has passed a resolution granting one of its directors, Albert Hong Hin Kay, the right of first refusal to buy L&M Group Investments shares of 50 cents each held by Guthrie. It also passed a resolution for Guthrie to sell 4.42
          59 words
        • 38 18 SINGAPORE Informatics has been appointed by Novell to conduct Novell networking courses. The courses, to be conducted at the Tanjong Pagar and Safra Bukit Merah centres, will be taught by Certified Netware Instructors.
          38 words
        • 74 18 SINGAPORE Tonhow Industries has made changes to its substantial shareholdings list due to a recent offering of three rights-one warrant for every two ordinary shares. Crandeur Holdings has been allotted 5.29 million shares, bringing its holdings to 8.82 million shares or a 40 per
          74 words
      • 187 18 Bernama HANOI The MBf Group looks set to gain the distinction of initiating possibly Vietnam's first BOT (build-operate-trans-fer) project a multi-billion-ringgit power plant. Its Hongkong-based subsidiary, MBf Indochina, and a French construction firm have completed a pre-feasibility study of the M 53.24
        Bernama  -  187 words
      • 321 18 MBT KUALA LUMPUR The Securities Commission said yesterday it had decided that share application forms would be made available together with full prospectuses published in newspapers after complaints from the public about the difficulties of obtaining the forms. SC chairman Mohd Munir
        MBT  -  321 words
      • 47 18 Reuter JAKARTA More than 200 Indonesian workers at a Hongkongßank branch in Jakarta launching a strike yesterday to demand a bigger slice of the branch's profit. They demand a 6 per cent hike in salary and increases in retirement benefits.
        Reuter  -  47 words
      • 345 18  -  From Loh Hui Yin in BANGKOK FUELLED by a strong economy which grew at 8 per cent, Bangkok Bank has turned in a good set of results for 1993. Bangkok Bank, which is South-east Asia's largest commercial bank, saw its net
        345 words
      • 265 18  -  By Genevieve Cua SINGAPORE Singapore Telecom International has won in-principle approval to install and operate Cambodia's first nationwide paging system, beating bids from the US and Europe. BT understands that the green light has also been given to a second, China-based
        265 words
      • 367 18  -  From William Chia in JIANGYIN, CHINA MALAYSIAN-LISTED Kanzen Bhd, which is fast becoming an established China player, plans to invest in more power plant projects here. Kanzen group chief executive officer Lim Kim Hong yesterday said it had identified electricity-generation as
        367 words
      • 268 18  -  By Shiv Taneja SINGAPORE Asian equity markets are likely to grow at different rates this year after a spectacular 1993 in which growth averaged 66 per cent, says a report by the Thornton Group. In 1993, money flooded into Asia and was
        Source: The Thornton Group  -  268 words
      • 416 18 MARKET WATCH Reuter MANILA After a record-breaking 1993, the Philippine stock market has fallen sharply in January, sparking worries that high share prices and rising inflation have frightened off some investors. The euphoria of December, which capped the year's
        Reuter  -  416 words
      • 181 18 SINGAPORE Net earnings of British and Malayan Trustees dropped by 29 per cent to $289,000 from a year earlier for the six months ended December 1993. Turnover fell by 22 per cent to $740,000. Based on the outstanding capital of 30.410 shares,
        181 words
      • 247 18 Bernama KUALA LUMPUR The diversified Renong group is all set to take over and bring Park May Bhd under its wing. In extending its formal ofier to acquire the entire equity of Park May comprising 30 million shares of MSI each.
        Bernama  -  247 words
      • 500 18 UNIT TRUSTS FUNDS MaMfiri' pric« Feb i UMB Invest Mgt Ltd »l,. lnM( «ua T nl .t Unifund 1.52 1.58 Unibond 1.02 1.045 The Commerce 78 87 United Gr Fund! 1.66 1.73 The Saving Fund 1 67 1.75 United Asu Fund I 206S pore Prog Fund 0.74 0.78 S pore
        500 words
      • 234 18 Payment Ex Books Pay dale close dale Asia Pacific F I8N Feb 9 Feb 15 Feb 23 Bcqaya Group I 6 Mar 11 Mar 28 Apr 18 Bcrjaya Ind I 4 Mar 11 Mar 28 Apr 12 Bcrjava Leisure I 5 Feb 22 Mar 8 Apr 6 Ccrcbos
        234 words
      • COMPANY BRIEFS
        • 92 20 Bloomberg Business News HONGKONG Prod-Art Technology (Holdings), a Hongkong manufacturer of telecommunications products, said it has increased its stake in a maker and seller of pagers in southern China to 90 per cent from 65 per cent. It bought the additional 25 per cent
          Bloomberg Business News  -  92 words
        • 47 20 Bloomberg Business News HONGKONG Rivera (Holdings)'s net profit hit HK$ 163.3 million (5533.7 million) in the six months ended Sep 30, 1993 compared with a HKS6.3 million loss previously. The figures are after taxes and payment of and from minority interests.
          Bloomberg Business News  -  47 words
        • 101 20 Bloomberg Business News TOKYO Japan's Fair Trade Commission has ordered four leading meat producers to disband an illegal cartel designed to keep the price of corned beef artificially high, Jiji Press reports. With a combined 90 per cent market share, Nozaki and Co, Snow
          Bloomberg Business News  -  101 words
        • 79 20 Bloomberg Business News SYDNEY MIM Holdings Ltd, a major Australian lead-copper-zinc mining company, said it intends to join Canada's International Musto Exploration Ltd in a US$55O million (SSB77 million) proposed gold-copper project in Argentina. The announcement came several days after Metall Mining Corp of Canada
          Bloomberg Business News  -  79 words
        • 65 20 Reuter KARACHI Shareholders of Karachi Electric Supply Corp have refused to accept a lower dividend for the year ended June 30, 1993. "The shareholders of the KESC will not approve the KESC's announcement of 7.5 per cent bonus stocks on the 10-rupee share at the corporation's
          Reuter  -  65 words
        • 97 20 Bloomberg Business News LONDON Kuwait will increase by 280 million deutschemarks (SS2SB million) its investment in the troubled German metals and manufacturing conglomerate Metallgesellschaft, Deutsche Press Agentur reported, citing the London-based Arab newspaper Al Hayat. Though Kuwait increased its equity holding in Metallgesellschaft to
          Bloomberg Business News  -  97 words
      • 229 20 Bloomberg Business News MELBOURNE Australia's largest retailer Coles Myer said sales in the three months ended Jan 23 rose 3.6 per cent from a year earlier, despite unsatisfactory results at its department stores. 'There is no doubt that the department store sector has
        Bloomberg Business News  -  229 words
      • 216 20 FT TOKYO Ask Mr Yoki Satani about Japanese investment attitudes toward emerging markets and the account executive for the foreign stocks division of Nomura Securities will lose his native reserve and state pointedly that the general image among his domestic clients is one of
        FT  -  216 words
      • 478 20  -  NZ brewer may be Oei Hong Leong's prospective partner in China venture By Schutz Lee SINGAPORE New Zea-land-Based brewer Lion Nathan is believed to be holding talks on some form of partnership with the beer subsidiary of Oei Hong Leong's
        478 words
      • 374 20 Bloomberg Business News HONGKONG South China Morning Post (Holdings), the Hongkong newspaper group controlled by Malaysian-Chi-nese businessman Robert Kuok, said that its after-tax profit rose 1.8 per cent to HK5258.4 million (5554.2 million) in its financial first half ended Dec 31. The company,
        Bloomberg Business News  -  374 words
      • 468 20 MARKET Reuter COLOMBO Sri Lanka's galloping stock market will continue to surge ahead this year because of strong company fundamentals although the bull run should lose some steam, brokers and market analysts said yesterday. They expect banks, manufacturing and selected hotel and agriculture-based
        Reuter  -  468 words
      • 328 20 Reuter LONDON British Aerospace pic said yesterday it was selling its car-making subsidiary Rover Group for £800 million (SSI.9 billion) in cash to Bayerische Motoren-Werke AG of Germany. Rover Group comprises Land Rover and Rover Cars in which Honda Motor Co Ltd
        Reuter  -  328 words
      • 207 20 Bloomberg Business News HONGKONG Allied Kajima Ltd has sold two luxury Hongkong apartment blocks to Hongkong China Ltd, a 74 per cent-owned subsidiary of investment company Lippo Ltd for HKS2.2 billion (***** million), the companies said. The blocks, called
        Bloomberg Business News  -  207 words
      • 337 20 Maturity y«v Om+m ofctoy*«f nMbprtM redemption r-Md (*!l) (9m) p 2ZT t ZS <%£> 1.2.94 N*****0V 1992 3 850.00 1/2 1/8 183 100.00 3.00# 15.6.94 N*****0Z 1989 51/4# 600.00 15/6 15/12 47 101.35 1.58# 15.10.94 N*****1A 1992 1 7/8# 850.00 15/4
        337 words
    • FINANCE & COMMODITIES
      • 445 22  -  Republic to reciprocate by giving extra licence to Thais From Loh Hui Yin in BANGKOK UP TO five banks from Singapore will be allowed to do "offshore business in Thailand, giving the Republic's banks a strong presence here. Finance
        445 words
      • 207 22 SINGAPORE Chia Pei-yu-an has become the first Asian to be appointed vice-chairman of Citicorp and Citibank NA. In his new role, Mr Chia oversee Citibank's corporate banking activities in Asia as well as its global consumer business in more than 40 countries. Mr Chia, from
        207 words
      • 477 22 IHT PARIS International bond investors have fared best so far this year placing their money in Canadian and Australiandollar paper. The JP Morgan government bond index shows local currency gains of 2.1 per cent in Canada and 1.5 per cent
        IHT  -  477 words
      • SMALL CHANGE
        • 83 22 SINGAPORE Keppel Bank has increased its prime lending rate from 5.25 per cent to 5.5 per cent. This increase, effective today, comes almost three weeks after United Overseas Bank increased its prime lending rate by 0.5 per cent to 5.5 per cent, reversing a
          83 words
        • 44 22 Knight-Ridder BANGKOK The ratio of loans to deposits at Thai commercial banks stood at 107.8 per cent at the end of December, up from 107.S per cent at the end of November, says the Bank of Thailand. Knight-Ridder
          Knight-Ridder  -  44 words
        • 83 22 Bloomberg Business News HONGKONG Life insurance concern National Mutual Asia, says that it has managed to retain around 2,800 of its 3,300 sales agents despite an alleged smear campaign intended to discredit the company. The 85 per cent proportion of the agents retained
          Bloomberg Business News  -  83 words
        • 119 22 Reuter MANILA The Philippine peso rose against the US dollar in a thin market, and the local currency is seen firming further in the coming days, dealers said yesterday. The peso strengthened because remittances from overseas workers weakened the dollar in trading The peso closed
          Reuter  -  119 words
        • 126 22 Bloomberg Business News HONGKONG The supply of money in Hongkong's banking system fell 13 per cent in December to HK5939.5 billion (SSI92 billion) as investors received refunds for share issues for which they had oversubscribed in the previous month. The Hong Kong Monetary Authority,
          Bloomberg Business News  -  126 words
      • 214 22 Bloomberg Business News Tokyo Now that the Japanese government can turn its full attention to plans for the economy, benchmark government bond prices will fall as investors stay away from buying until details of the plans are clear, analysts say. Late last
        Bloomberg Business News  -  214 words
      • 151 22 THE USS corrected slightly yesterday aaainst the major currencies alter the sharp rally over the weekend. The USS/SS opened at 1.5945-50 and was immediately taken up to 1.5963 in morning trade. The top, however, proved heavy and the USS was subsequently sold back. Some unwinding
        151 words
      • 193 22 News LONDON The dollar ended lower inEurope as Federal Reserve Chairman Alan Greenspan's latest testimony to Congress failed to give traders any fresh clues about the timing of a US interest rate rise. It also weakened against the mark, as concern grew that a robust rise in fourth-quarter US
        News  -  193 words
      • 195 22 ENERGY REPORT Reuter LONDON World oil prices ended January somewhat firmer but brokers said the rally might expire as soon as Arctic cold ceases to grip parts of the United States. March futures for the world benchmark Brent Blend crude oil traded around
        Reuter  -  195 words
      • 78 22 AFP NEW YORK The dollar dipped against other major currencies yesterday in quiet trading here ahead of the release this week of several government economic indicators and January's jobless figures. At 1430 GMT, the dollar traded at 1.7418 marks against 1.7423 on Friday and at 109.1t yen against
        AFP  -  78 words
      • Article, Illustration
        1441 22 -i 1 fuur «!*TfWffW /MMrT (WWMv ifVilV S'ftme'i to? 14 irwAng mmmm. Bur ytm: /HP US*/S$ frari rata Noon Jan 31 9» m CNhr l-MOMh 15*42 1.9937 1 m I lit I.SM9 I m* J-modi h I.SM1 IJT72 6-month I.MO I.MOO Smmr OCBC Source: OCBC FOREIGN CURRENCY NOTE RATES As
        1,441 words
    • COMMODITIES & FUTURES
      • 1368 23 Reuter SINGAPORE Simex Euroyen interest rate futures finished sharply lower, dampened by rises in the Nikkei average which saw its largest single gain in over three years. The Nikkei index ploughed to limit highs on the passage of political reforms in Japan over the
        Reuter  -  1,368 words
      • 600 23 COMMODITY REPORTS Tlii TIN closed four cents higher at M 513.99 per kg on a firmer London market and buying from Europe, Japan and Malaysia. Traders said initial bids were for 132 tonnes against ofTer of 107. Final turnover was 114 tonnes versus
        600 words
      • KNIGHT-RIDDER COMMODITY SUMMARY
        • 96 23 TOKYO Japan's domestic cotton yam prices have rebounded to the 80,000-yen level for the first time since May 1992, the Japan Spinners' Association said. Daily prices for the benchmark 40-count yarn climbed to 80,500 yen (551,175) per 400pound bale on Friday, boosted chiefly by a severe
          96 words
        • 71 23 SYDNEY Former Australian primary industries minister and treasurer John ICerin is to chair the nation's beef and sheep meat international marketing body. Mr Kerin's appointment to the Australian Meat and Livestock Corporation was announced yesterday by Primary Industries and Energy Minister, Senator Bob Collins,
          71 words
        • 81 23 NEW DELHI Traders expect Indian ugetabli: oil prices to continue to decline in domestic maArt over the next few weeks, perhaps posting occasional upward moves. They said oil prices were likely to remain soft because growers are unloading soybean and peanut, which is called
          81 words
        • 77 23 NEW DELHI Sugar industry officials have decided to launch a campaign to counter a World Health Organisation study group recommendation that urged a lower intake of sugar. The decision to counter the recommendation was made here last week at the sth World Sugar Farmers'
          77 words
    • 1535 23 >St 1 CHrWt (S crmi/kj) Ckwt Opea Month High Law Salt (MM) IMM Feb M 0 00 0 00 ilTTI 0 250 Mar 0.00 0 00 IK73 100 Am 134.25 136.25 100 4 6)0 May I3S00 ittiw 131.75 400 7,400 Jun 1». SO 139.50 139.79 300 6 100
      1,535 words
    • REGIONAL STOCK MARKETS
      • 1108 24 -1-50.9 Frenzied overseas interest sent Australian stocks charging uphill to a record close yesterday, but fund managers warned the rally may be too fast. The key All Ordinaries Index crashed through the 2,300point barrier to finish at 2,310.8 points, up 50.9 points or 2.3 per cent on Friday's close,
        1,108 words
      • 659 24 -54.94 Share prices ended lower, edging closer to the psychological support level of 2,800 points as investors sold heavily to cut losses, brokers said. The Manila and Makati indices each dropped about 54 points. "The market closed weaker because a lot of people were liquidating to preserve their capital,"
        659 words
      • 559 24 +99.04 Taiwan's benchmark index rose 1.6 per cent on the hope that a surge in US economic growth in the fourth quarter would prompt a broad global recovery that would benefit Taiwan. The benchmark Weighted Price Index of the Taiwan Stock Exchange soared 99.04 to 6,115.12 on volume worth
        559 words
      • 471 24 -0.40 A massive sell-off by the Korea Stock Market Stabilisation Fund (KSMSF) and profit-taking in some blue chips dragged stocks down, brokers said. The Composite Stock Index closed 0.40 points lower at 945.71, off a day high of 965.18. "Fund selling prompted individuals to follow suit," said Choi Bum
        471 words
      • 99 24 -51.11 Stock prices closed lower as market players turned cautious following problems in the Ahmedabad Stock Market, brokers said. The Bombay Stock Exchange (BSE) 30-share index closed 51.11 points lower at a provisional close of 4,002.84. The 100-share National Index closed 22.64 points lower at 1921.49. "Everyone is worried
        99 words
      • 191 24 New Zealand Jaa 31 NZ Vol ANZBankina *15*010 6)00 Advance* Hldp I 49 00) 2MOO Air New Zealand (A) 4 10 00* *****7 Air No Zealand IB) 5 20 0.20 ***** Baycorp 0i7t unch 29*00 Brwrio Inv I 43 0.03 20*171* Carter Holt 4.0* +0.11 *****24 Cavalier *51 Oil 2471*
        191 words
    • WORLD STOCK MARKETS
      • 689 24 Britannia Funds Sterliag Cash BM Oder Mim Cap Dcpoul It 6400 M 6500 Mim Jenej Oik .01(9 J 0 1992 Mim Income •***** ****** L SS Cash Income Plus Fund 10(200 *****0 PS S Reserve Fund 9 2400 5 2500 £?SJ5£2_ ...***** 049M Far Em Fund *2 7650 *2 9730
        689 words
      • 689 24 44.4 Share prices rose strongly on the London Stock Exchange yesterday as the market reacted to strong gains in Asia overnight and a rally in the US stock market. News that the German carmaker BMW agreed to buy the Rover car company from British aerospace for £800 million increased
        689 words
      • 149 24 +21.19 French stocks rose after the government unveiled a consumer incentives package during the weekend, traders said. The CAC 40 Index of French blue chip stocks closed at 2333.26, up 21.19 points. Thirty-five stocks on the index rose and one fell. The value of shares traded was 2.7 billion
        149 words
      • 129 24 +2.12pc Sweden's OMX-index saw a record high close after a well-supported day featuring strong domestic and targetted foreign buying interest. The OMX-index closed up 2.12 per cent at a new record high close of 1233.34 after high turnover of 3.46 billion crowns. Both the bluechip Top--16 index and the
        129 words
      • 222 24 +43.98 German stocks gained more than 2 per cent during official trading hours yesterday, boosted by reports that German car maker Bayerische Motorenwerke AG bought 80 per cent in Rover Group Ltd, the UK's biggest car maker. Rising speculation about a German interest rate cut also buoyed share prices.
        222 words
      • 172 24 12.69 Belgian stocks hit record highs for the third straight day after the country's interest rates tumbled. The Belgian central bank cut overnight lending rates between 15 and 25 basis points. That persuaded investors to switch out of shortterm money funds and into stocks and bonds. The Bel 20
        172 words
      • 112 24 +3.51pc The Milan bourse Mibtel index closed 3.51 per cent higher at 10,726 in record traded volume on the screen-based system. Turnover on the telematic market soared to 1.42 trillion lire from the previous record of 1.14 trillion lire set last week. Milan Jm 31 Lin AoMaia ***** 77
        112 words
      • 251 24 +8.93 Dutch stocks powered their way to a record high as the dollar held firm and other share markets sparkled. The AEX index of 24 leading stocks closed up 8.93 points at 438.71, with Fokker NV the only stock to decline. The aerospace and defence group ended 80 cents
        251 words
      • 266 24 +20.15 Swiss shares gained more than one percent as strong demand in Nestle and firm banks led the market higher, but profit-taking in late business held the blue-chip SMI back from breaching resistance at 3,200 points. Nestle was 21 Swiss francs firmer at 1,426. Roche certificates was up 40
        266 words
      • 333 24 +32 Shares found their feet in mostly firm trade yesterday as world markets registered sturdy gains and local futures jumped, dealers said. The gold index was 32 points better at 1,937, the industrial index made 33 points to 5,536 and the overall index added 29 points to 4,754. Market
        333 words
      • 697 24 14.64 The Dow Jones Industrial Average, which climbed 19.13 points to a new all-time high 3945.43 on Friday, was ahead 14.64 points to 3960.07 at 11 am EST. A big gain in Dow component Aluminum Co of America, which was up 27/8 to 791/8, gave the key barometre
        697 words
      • 258 24 +37.32 Stocks made solid gains across the board as the market soared along with climbing equities in New York and Tokyo. The TSE 300 composite index jumped 37.32 points to 4529.53 in early turnover of 13.92 million shares valued at C 5289.00 million. Advancing issues led declines 292 to
        258 words
    • Article, Illustration
      3065 25 Reuter HONGKONG Stocks ended sharply higher as late bargain hunting outstripped profit-taking and helped the main index recover early gains, brokers said. The blue chip Hang Seng Index ended the day up 109.19 points, or 0.96 per cent, at 11.487.02. It was 20 points higher at the midsession after
      Reuter; Source: Bridge Info  -  3,065 words
    • Article, Illustration
      492 25 THE CLSA Shanghai B Index tumbled 4.4 per cent or 41.82 points to 905.21 on rekindled dumping by domestic investors. Market sentiment was also badly hurt by the disappointing listing performance of Shangling, which was the only new share since the second half of 1993 that failed to return
      492 words
    • Article, Illustration
      2461 25 Reuter TOKYO Stocks leaped to register the 225-share Nikkei Average's third-largest post-war rise. The bullish sentiment was due to growing hopes that the weekend's passage of key political reform bills would pave the way for the government to announce an economic stimulus package soon. The Nikkei Average closed at
      Reuter; Source: Bridge Info  -  2,461 words
    • Article, Illustration
      1714 25 Bloomberg Business News BANGKOK Unspectacular bank earnings and fear of competition for funds from Japanese stocks pushed Thai share prices down nearly I per cent in thin trading. Overall, the Stock Exchange of Thailand (SET) composite index declined 13.9 points, or 0.9 per cent, to 1.493.45 with declining issues
      Bloomberg Business News; Source: Bridge Info  -  1,714 words
    • Article, Illustration
      1132 25 Reuter JAKARTA Share prices closed mixed in quiet late trading with many investors waiting for new issues to hit the market, dealers said. "There is not really much happening today, although there has been some interest in Gudang Garam. When some new issues come on stream things should pick
      Reuter; Source: Bridge Info  -  1,132 words
    • 2459 26 Source: Bridge Info Source: Bridge Info WfftT Atrtifi vdumt Kamuming 50c 29.641.000 Renong Bhd 50c 8.462.000 Lien Hoe TSK97 7.415.000 Fiber Croup 6.114.000 Johan HkJp 50c 4.9*9.000 Pronto 4.872.000 MUI 3.660.000 AMDB 50c 3.627.000 Lien Hoe 3.336.000 ICB Com TSR 3.122.000 Idrts Hyd 50c 3.037.000 IGBCorpn 50c 2.519.000
      Source: Bridge Info  -  2,459 words
    • KUALA LUMPUR STOCK EXCHANGE
      • 5579 26 Bloomberg Business News KUALA LUMPUR Malaysia's benchmark stock index rose 1.55 per cent as institutions bid up blue chips on news that inflation and interest rates were heading down. Traders said most investors remained cautious after last month's steep drop in share prices
        Bloomberg Business News; Source: Bridge Info  -  5,579 words
    • STOCK EXCHANGE OF SINGAPORE
      • 7020 27 WMNiOAUD Transaction date: Jan 31 Gr Gr 1993/94 Last Vol Day Last Qmttt Di» Di» VM Net M C aa High Low Coapaay Sal. (W) High Low tmytr Selkr Or P/E fcnil INDUSTRIAL AND COMMERCIAL 1440 260 t Aetna 1250 20 202 1260 1240 1240 1260 12.5 2.1 1.0 54.1
        7,020 words
      • 1709 28  -  By R Sivanithy SINGAPORE Institutional bargain hunting of blue chips yesterday pushed the Straits Times Industrials Index 39.03 points higher, but dealers said volume was relatively low, indicating that many retail investors were still sidelined after the recent sharp correction. Steady buying of
        Source: Bridge Info  -  1,709 words
      • 129 28  -  By Paul Leo INTEREST IN United Industrial Corporation 1998 Warrant has been strong. Yesterday's volume was 3.66 million units, above the 10day average of 3.55 million. A positive development is that most of the trades are of good size. There are 226 block deals totalling 3.42 million
        129 words
  • Page 17 Advertisements
    • 175 17 ASIAN k AER^SPACE'94 A BT special supplement February 22,1994 The world's aerospace industry has flown through rough weather lately. Pinched by intense competition and global recession, the industry has cancelled and delayed aircraft orders. For their part, aircraft and engine manufacturers have had to slash costs and lay off thousands
      175 words



  • Page 20 Advertisements
    • 50 20 SINGAPORE P B Business Times WE KNOW ASIA Address; Mail or fax this form to: p osta Code: Customer Relations Section Circulation Department »**»f Singapore Press Holdings Limited 82 Genting Lane Occupation: Fax: News Centre Singapore 1334 %lS* $mss m Tel: 1800-749 2577 Fax 744 4875 Tel (O) (H) I
      50 words

  • Page 21 Advertisements
    • 427 21 Global strength, local commitment rwi irvq ITVSI ITTO BO SO U.S. $402*00,000 V.S. $300,000,000 VS. $300,000,000 US. $400,000,000 Wharf Capital International (1993) Limited New Worid Development (BVI) Limited Sun Hung Kai Properties Finance Cayman Limited Henderwmn Capital International Limited 5% Convertible Subordinated Guaranteed Bond* Dae 2000 4'Vk Convertible Guaranteed Bond*
      427 words

  • Page 22 Advertisements
    • 69 22 nisKcoroi March 2-3,1994 Raffles City Convention Centbe, Singapore The only Southeast Asian exhibition and technical conference devoted exclusively to the disk drive manufacturing industry returns on March 2-3. Don't miss this opportunity to see a broad ranie of U.S. and Asian companies exhibiting products and services designed specifically for the
      69 words

  • Page 23 Advertisements
    • 598 23 "111 I'llHMUjl ■> BlMniMSimns TOLL-FREE TEL. No. I-W»T4MIM PAX:T4f-t— IN THE MATTER Of THE COMPANIES ACT. CAP. 50 PURSUANT TO SECTION 290(2Xb) and IN THE MATTER OF ANOES PRECISION ENGINEERING PTE LTD 0R Members' Voluntary Winding Up) At an Extraordinary Oanaral Meeting of the above namad Company duly convened and
      598 words
    • 32 23 At ami wkca the latest LmJii/ Rotterdam pricw are sat miliWi the pre* low tratfiaa 4aj*t doaiag figaret are carried iastead jissa-® ter t CUIT *?Lh r ttrttfi 9 i»<.. fc„pportunUi« Q:
      32 words

  • Page 24 Advertisements
    • 88 24 Acquire An Original Monsieur Waterman invented the world's first reliable fountain pen. Man 100 was created to celebrate the Waterman Centennial. Each nib is the result of fifteen handcrafted operations which create a unique personality. The 23.6 karat gold trim gives Man 100 a distinctive appearance and texture. J Waterman
      88 words

  • Page 25 Advertisements
    • 30 25 With ftvn49S mfton conk bnivc fl i IMWI mi«vi at ovtr 11.3 nttat wtuhlshiwH, vour Iwd&Aid ftaHw branches aadATMs YOU'VE GOT THE WHOLi WOULD Sf|jH W in roint hands. wondwroe.
      30 words

  • Page 26 Advertisements
    • 101 26 (ID ALAIN DELON 4AM J*-# timeless perfection PARIS JgMkh:"'-; A t IV diver fjl®'-- V f swis-, m.ifti ■•riirrti ruin.ihie bezel lino'.*''- 4 Ml/ >f M'.t.iDt ..i|)|iiiu( nv f.H luminous hantis and Tllir rnn H-# A IPJ'. ME J, RO UP w.it< rI« s'-.Ttnr ion nir r<r Screw- In crown
      101 words

  • Page 27 Advertisements
    • 73 27 HWitli over 195 mflfton cards hoaoared r V a! over 11.3 ntton estaUshmMts, MasterCard pots Hm whole world hi piyOllplHiMS* MM II (nil fil jgfpgM^l immmmk «tioo ow brandies md ATMs i 4Mk. ftifiw J i*SP rovvt oor mt whou wokld in row* hands. wonawtoo. CHINESE ASTROLOGY Hear the animals
      73 words

  • Page 28 Advertisements
    • 130 28 NOTICE IS HEREBY GIVEN that, I TAN SAI WAN of Apt Blk 431 Choa Chu Kang Ave 4 #12-575, Singapore 2368, have applied for a wholesale Licence in respect of premises at M/s Singtao Trading at 612 A, Serangoon Road, and that this application will be heard in Court No
      130 words
    • 319 28 TOLL-FREE TEL. No. 1-400-741-1883 FAX:74I-1298 NOTICE NOTICE IS HEREBY GIVEN that. I AwYeong Kin Keong of Blk 407 #06-68 Clement! Ave 1 Singapore 0612, have applied for a Retail (Beer Shop) Licence in respect of premises at M/s Rong Hong Mini mart at Blk 151, #01-87 Yung Ho Road Singapore
      319 words
    • 537 28 IN THE MATTER OF THE COMPANIES ACT. CAP 50 PURSUANT TO SECTION 290(2Xb) and IN THE MATTER OF SOON CHON ENGINEERING WORKS (PTE) LTD n M n ft. ti-i- illii I. I Im\ (in mfniwi voluntary wirxjing up; At an Extraordinary Genera! Meeting of the above named Company duly convened
      537 words
    • 534 28 BROKERS' STOCK PICKS in Personal Finance and Investment on Saturdays I* THE MATTU Of AARON J. BAAC HOLDINGS PTE. LTD (fc VilaaMry UinllUha) MEMBEIS' VOLUNTARY WINDING-UP Ai aa Estraonhnvy General Meeting of the i—bui of the aboveaanatd imnpanj duly wviMd aad held al 20 Unfiles Place #17-00. Ocean Towers, Singapore
      534 words

  • Shipping Times
    • 485 29  -  By Juliette Walker SINGAPORE Singapore is expected to take a more active role in the International Maritime Organisation (IMO) as a member of its executive board. IMO secretary-general William O'Neil disclosed here yesterday that Singapore was elected to the organisation's 32-member
      485 words
    • 246 29 Lloyd's List LONDON A conflict has arisen between P&O Tankships and Malaysia Shipbuilding Engineering (MSE) over modifications to four 6,000 deadweight tonne coastal tankers originally ordered by Rowbotham Tankships prior to the takeover of the company by P&O. The first two ships concerned,
      Lloyd's List  -  246 words
    • 196 29 AP SEOUL South Korea will buy three more Germandesigned submarines under a long-term plan to strengthen its defence against Communist North Korea, navy sources said yesterday. The US$5lO million (SSBI6 million) in purchases, planned for 1991-2001, will increase the total number of South
      AP  -  196 words
    • 176 29 SINGAPORE Engineering equipment distributor, PPM Far East Pte Ltd, is counting on a new range of container stackers to boost turnover as well as diversify its business. Managing director lan Kemp told Business Times that the company expects to sell about 10 of these super-stackers each
      176 words
    • 565 29 Lloyd's List LONDON European transport ministers have agreed to enforce an emergency package of measures to improve safety at sea and stamp down hard on polluters. The ministers from Britain, Netherlands, France, Belgium and Germany are to accelerate a sweeping package
      Lloyd's List  -  565 words
    • 221 29 SINGAPORE Sembawang Maritime has spent Sl6 million adding to its fleet to give it more muscle in the heavy marine transport field. It said yesterday that it had bought a 21,000 deadweight tonne self-propelled module carrier called Seahorse I the first such vessel in its
      221 words
    • 213 29 SINGAPORE Specialist ferry builder Kvaerner Fjellstrand has delivered another two high-speed catamarans to a Hongkong owner. The Universal MK IV and the Universal MK V are the fourth and fifth Kvaerner vessels for CTS-Parkview Holdings Ltd, making the company one of Kvaerner's largest
      213 words
    • 548 29 25pc increase will be the third in 12 months SINGAPORE Thai importers and exporters face higher container handling costs after a decision by lines on the Thai-land-Japan route to raise charges. The Bangkok Post said yesterday the price rise the third in 12 months
      548 words
    • 829 29 P«ge Col ABC Containcriine 12 5 Accord Group 8 1-3 Ahrcnkicl Liner 4 1/2 •APL 5 3-5 Appenship 8 4/5 •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
      829 words
    • SHIPS IN PORT
      • 446 30 VmmI fry N» Barth kfM Dfgarture Kwd Hoy Wo Irt Dnhal Pggjgt inronf Port Sun laya 02/94 PCX atxy-Me 3101/1830 Batam Murn. 01/08/94 19 alongside 0102/2300 ruqtang 9401 P09A 3kx*M 01.02/1200 Batam Siyarj 01/09/94 JU alongside 0102/2000 As Premier 1 P04 0102/2300 02.02/2300 Bwtan Mulya 01/01/94 112
        446 words
      • 1486 30 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING Of EXPORT FCl CONTAINERS AND LCL CARGO Record Bookinf/Balance RsJts Ship Voy No Etb/Btr Period From To From »a Sww 103* 02/1500 3 01/0700 01/1159 01/1400 4 01/1200 01/1459 01/1700 Mi Triumph 52A 03/0200 1 31/1500 31/1659 31/1900 2
        1,486 words
    • 10027 38 This is a list of ships loading at Singapore for ports around the world. It tabulates, by destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. LEGEND PN: ship calls at Penang after
      10,027 words
    • 3370 43 Coataiaertiae NV: Belsin Shpg Agencies Pte Lid (SVMarinc Handling Sdn Bhd (PK/PN) Accord Group: Accord Shpg Pie Lid (SV Accord Conir Line (PK/PN). Adkris Business C orporatkxi Philippine Calsource Shpg A Trdg Pie Ltd (S) Ahreakiel Liaer Service: Kim Shpg A Trdg(S). Albntros Sea-Air Service: Frata Shpg Pie
      3,370 words
    • 274 43 Abacus Couriers Td: 545-8011. Fax: 545-1898. Air Express Travel Td: 533-5771. Fax: 535-6144. Airborae Freight CorporatkM Tel: 542-8844. Fax: 542-3716, *****80. Airswift Worldwide Coarier Td: 278-0188. Fax: 273-8283. AJS Supplies Td: 748-6322 (2 lines), 747-7421. Fax: 742-8975. City-Uak Intenutioaal Td: 344-3377. Fax: 345-6450. Claster Link Sappties A Services
      274 words
    • 1465 43 Abex Express Freight Td: 542-7171. Fax: *****84. Actiaic Forwarder Td: 225-1833. Fax: *****42. Acdrair Singapore Td: 542-7812.' Fax: *****20. Aeroliak Freight latrraatinaal Td: 545-8031 Fax: *****05. Td:"542-5911. Fax: *****18. Air Cargo Novo Express Td: 542-5454. Fax: *****06. Air Express lateraatioaal Td: 542-7666. Fax: *****74, *****50. Air Market Express
      1,465 words
    • 2740 44 ARGENTINA Buenos Aires: Fourteen vessels in port, 2 in roads, 34 vessels due withins an te Fe: No vessels berthed, none in raods, max draft 17 ft 7 ins. Diamante: One vessel, 1 barge berthed laoding wheat, none in roads, max draft 17 ft 7 ins. San Lorenzo:
      2,740 words
    • 555 44 ARRIVALS DEPARTURES Op Flight Type ETA T From Op Flight Type ETD T To TODAY TODAY NCA KZ203 B747F 0145 I NRT SIA SQ802 B747F 0230 2 SYD/AKL KAL KE697 B747F 0150 1 SEL NCA KZ204 B747F 0335 1 BKK/NRT JAL JL617 B747F 0345 1 TYO KAL
      555 words
    • 917 44 SHIP SALES TANKER RATES AFP WHILST we are still seeing serious interest for newbuildings, there are very few second-hand sales reported. Buyers feel that prices on the drycargo side need to reflect a noticeable discount before they are willing to move, whilst there are very few serious sellers of modern
      AFP  -  917 words
    • 519 44 CRUISE FERRY SCHEDULES CRUISE SNIPS Arr Dtp Name of Vessel ETA ETD Ports of Calls Port Agent Telephone No 1ANUARY 21 21 Renaissance I 1000 1900 Cruise to Nowhere Lines Intl Holdings 224-2763 21 21 Leisure World 1000 201S Jakarta Sin Lauw St. Sons Travel 227-8284 Port KJang 21 21
      519 words
    • 893 45 THIS twice weekly report, compiled by Cockett Marine Oil Ltd. shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on average-sized stem. Market movements arc indicated. The Cockett Bunker Price Index change and
      893 words
    • 414 45 COURSES Title: EDI The Next Revolution Begins Duration: Feb 2 Organiser The Chartered Institute of Transport Tel: For more information contact CIT Secretariat at 226-3433 or fax: 226-2477. Title: Primary Air Traffic Control Duration: Feb 7 Apr 16 Organiser: Singapore Aviation Academy, Civil Aviation Authority of Singapore Tel:
      414 words
    • 1878 45 THE Baltic Freight Index for spot dry cargo shipping rates fell to 1,203 on Friday from 1,207 on Jan 27. It was a slow end to a depressing week on the freight market with rates generally weaker apart for the steady levels evident for handymax bulk carriers in
      1,878 words
    • 974 46  -  Panama is continually improving its waterway to ensure that it will be able to cope with a long-term trade growth of around 2 per cent, reports Sean Moloney Sean Moloney Lloyd's List PANAMA'S important role in the global shipping industry is due in
      Lloyd's List  -  974 words
    • AIR AND LAND TRANSPORT NEWS
      • 400 48 Boeing, Airbus to get most of the orders Bloomberg Business News BEIJING China will buy more than 40 civil airplanes from the US and Europe this year to keep up with rising civil air traffic, the official China Daily reported on Saturday.
        Bloomberg Business News  -  400 words
      • 275 48 Bloomberg Business News BEIJING Traffic on China's freight and passenger transportation network fell in 1993, the official China Daily said on Saturday. The news comes in the wake of recent reports that two consecutive years of 13 per cent growth have diminished
        Bloomberg Business News  -  275 words
      • 630 48 Bloomberg Business News WARSAW As the market for travel between eastern Europe and the US heats up, airlines in those two markets are eyeing one another with increasing interest and maybe a touch of suspicion. Delta Air Lines and Polish flag carrier
        Bloomberg Business News  -  630 words
      • 245 48  -  By Juliette Walker SINGAPORE After tonnes of planning but with little or no fanfare, two VIPS slipped quietly into Singapore last month. Their names? Panda and Shita a male and female rhino who will be star attractions when the Singapore Zoo's night safari opens
        245 words
      • 261 48 Reuter BRUSSELS A panel charged with finding a cure for the recession-battered European airline industry will prescribe a mixture of competition and a tough policy on state aid when it reports its findings today. Key personalities in the travel and tourism world were
        Reuter  -  261 words
      • LOG BOOK
        • 135 48 Bloomberg Business News it-* HONGKONG Hellman Friedman, a major shareholder in American Shipping Lines, has bought a 2.5 per cent strategic stake worth HKS47O million (Ss97 million) in container termini operator Hongkong International Terminals (HIT), the Soyfii China Morning Post reported. It is expected
          Bloomberg Business News  -  135 words
        • 82 48 Reuter SYDNEY Australian-based food processor and hardware retailer Burns, Philp and Company Ltd, has sold its half the Five Star Shipping Line to its joint venture partner, the Chinese national shipping line Cosco. Burns Philp said Five Shipping acted as the agent for
          Reuter  -  82 words
        • 98 48 Bloomberg Business News SYDNEY Australian carrier Qantas Airways and Air New Zealand have scaled back a shared-flight arrangement amid a surge in demand on key routes linking Australia and New Zealand, the Australian Financial Review reported yesterday. The airlines may abandon shared flights altogether
          Bloomberg Business News  -  98 words
        • 90 48 Reuter SEOUL Hyundai Heavy Industries Co Ltd has delivered"*'* 300,000-dwt very large crude carrier (VLCC) to Vela International Marine Ltd. The Mirfak Star is the first in a series of six 300,000-dwt VLCCs awarded to Hyundai in 1992 by Vela, the international tanker unit of
          Reuter  -  90 words
        • 86 48 FT LONDON The multi-million dollar race to build the most powerful commercial jet engine was intensified by the announcement that UK aero-engine manufacturer Rolls-Royce has set a world record by running its Trent 800 engine at 106,000 lb of thrust. By topping the record
          FT  -  86 words
        • 52 48 Bloomberg Business News LONDON Diesel cars are more efficient than petrol engilfe, but produce more nitrogen oxides, hydrocarbons, carbon parties and black smoke than petrol engines with catalytic converters, flie Financial Times said, citing a report commissioned by the UK Department for the Environment. Bloomberg
          Bloomberg Business News  -  52 words
      • 1373 48 atj| n» no m> n®_ Abu Dkabi GA893 1655 GA974 2325 GA984 2340 fcMaida QF81 1930 QF82 2050 SQ228 2105 Amsterdam KL844 0535 KL837 1540 KL838 2300 GA893 1655 GA974 2325 SQ26 2355 Atkam SQ348 2250 Auckland NZ35 1425 SQ288 2045 SQ286 2035 NZ36 2235 Bahrain
        1,373 words
  • Page 29 Advertisements
    • 13 29 it there J yesterday, a Fly H Ufa|pi|:pii|| us today, a a G™2j|NK|NE^^
      13 words
    • 47 29 £^M±R7 M R FORWARDING PTE LTD WEEKLY CONSOL TO EUROPE CALL: *****00 Panama Canal to provide for modest growth, Page 18 Beijing to buy more than 40 civil aircraft, Back Page Um* aMI MrvtcM rtpr •Muted by SSgceuoM ywty for advertising enquiries, contact Shipping Times: Tei 740-2089/740-2090
      47 words

  • Page 30 Advertisements
    • 397 30 TSKLINE AGENCIES (S) PTE. LTD. HT.S.R LINE Fax: 226-1972/3 1 lJlgrT7 Tlx: RS *****/TSKSIN. I TOKYO SENPAKU KAISHA, LTD. CR No: **********0N 1 C rtBBB 19 MX >Qg jg **31.01 **02.02 01.02 04.02 01.02 1102 15.02 15.02 10.02 17.02 i MX LUC 0278 02.02 *04.02 04 02 01.02 13.02 11.02
      397 words
    • 1426 30 JHSl JBfiia «rao *n m i?(* miktu rturn* mSFTKHPfiSF n mr nur* LtriMut* ea T'umT CALIfOAMA PfGASLS I*J 3? I 112 I 212 I 23 2 24 2 77 7 177 2U I 7*7 7*7 l_ I oa irrTi iLir*rnim?r U .1 iJ ii 21 43 IM MMGHMC 004M 111
      1,426 words

  • Page 31 Advertisements
    • 2310 31 H OOCL (8) PTE LTD JARDINE SHIPPING AGENCIES JARDINE SHIPPING AGENCIEB SDN. BHD. TEL *****13 FAX *****42 PETALING JAYA TEL: 03-*****76 FAX: 03-*****42 DOCUMENTATION TEL: *****55 (INWARD)/*****90 (OUTWARD) PENANG TEL: *****4 FAX: 626M1 CFS TEL: *****6 BmWa BOOKINGS TEL: *****80 *****81/ *****82 IPOH TEL: *****3/4 FAX: *****6 CFS (PSA F5)
      2,310 words
    • 1868 31 ■UHMHiHHWH FREMANTLE, PERTH IN JUST 6 DAYS SWAN REEFER V.9405 ETA SIN IOTH FEB 94 V«s«« voy ETA ETO Faadar by s uu* DESTINATIONS Tht« METTE MAERSK V94C2 cv 06/02 oeoo MRS CFS 07/02 2359 MRS JOM LPK PEN OAK LOB SFO MEM ATL MIA CHS BAL PHL NYC TOR
      1,868 words

  • Page 32 Advertisements
    • 1566 32 AOABA R OAM/ [I ALSO ACCEPTING FROM VESSEL VOY NO SPORE JEDOAH (VIA JED) S TON H BURG A WERP HAVRE WEST MALAYSIA KAMAKURA 32/104 ?/2 19/2 22/2 20/2 Poft Kotang. Penang ESSEN EXPRESS 04/304 5/2 14/2 20/2 23/1 26/2 28/2 1/3 Pasir Gudang ELBE 20/105 10/2 26/2 1/3 27/2
      1,566 words
    • 561 32 FCL Breakbulk Service to: AFGHANISTAN MAM Afghanistan Ltd., Sote Foreign Forwarder in Kabul for all services C.I.S.- Vostochny, Vladivostok, Moscow, Tashkent, Kiev, Minsk, Riga, Baku, Irkutsk, Alma Ata North Korea Vietnam Mongolia Hungary CSFR a Poland FULL CONTAINER SERVICE TO NORTH/WEST AFRICA FEEDER VESSEL ETA SIN NED AMERICA V.2513 3/2
      561 words
    • 1142 32 I norasT/T I" VSL/VOY SIN ALG BCL' VAL LHA HANl^BR^^flO^^^ANT^^FE^^| ARABIAN SEA 404N 03/02 23/02 2S/02 27/S2 27/02 2S/02 01/03 01/03 03/03 04/03 I NOR ASIA Al MUNTAZAM 9405 3 13/02 05/03 OS/03 09/03 09/03 10/03 11/03 12/03 13/S3 14/S3 I SEA CAVALER 406W 17/02 03/02 11/03 13/03 13/03 14/03
      1,142 words

  • Page 33 Advertisements
    • 1785 33 H STRAITS SHIPPING PTE LTD 10 Hoe Chiang Road #11-01 Keppel Towers Singapore 0200 Tel: *****8* Fax: *****17 NEW GUINEA PACIFIC LINE tivfip (A BEFMCE OF CHINA NAVIGATION CO) ACCEPTS YgfflrV CARGO 0U SAILS KK. Skan. Taw 01-02 Fob 02 Fob 04 Fob fCL. LCL CONTAINER AMO MIAKMJIK MRVtCC TO
      1,785 words
    • 2733 33 SINGAPORE AGENT: |JXif| 1 n Af*C P&O Containers (Singapore Agencies) Pte Ltd JL m\ VJUIIICIaHVX 9 10 Hoe Chiang Road #07-01 Keppel Towers, Singapore 0208 Tet: 225 2233 Telex: RS ***** PNOCSP Fax: 225 5327/222 7517 W'- CR Number: **********0Z EXPORT IMPORT VIIKL VO* *PNO *PKO »M ALO SOU AWT
      2,733 words

  • Page 34 Advertisements
    • 548 34 eka jaya agencies >3K|r TEL: *****22 (8 LINES) FAX: *****05 SALES REPRESENTATIVES IN CHARGE MOM |HAM»MOWE/D<MCT wuiiAMwn 2*o*2* TTWH/MMMI ho cm miwh city HMWYWM 2\U*M MUMLOMII UMtf—MH772/HM2H ►TO MYANMAR/YANGON »> SEMI COMTAMIfI B SERVICE M OCEANLINES mjm stok TBW 15, 2 j 20 2 28/2 YANGON GEN. AGENT: MYANMAR MARINE
      548 words
    • 1445 34 HANJIN SHIPPING BOOKING TEL:- *****35-237 OPERATION TEL: *****41-253 SALES TEL:- *****22-233 DOCUMENT TEL: *****71-275 FDR VSI rSTIIKHAUI StA TV* FOX FOR SM LME HAUL SM U NTC HANJM TOUGHAf 1031 4/2 DMfCT 24/2 25/2 2C/2 HAIUN TONGHAf 1031 4/2 H. HWYOtt 05H 11/3 11/3 13/3 HANJM ROTTERDAM 02S£ 11/2 WttCT
      1,445 words
    • 1497 34 d I rl n"3"3^l^ |r*i wr *ss ws *is rus u is h no iu chs u ntclkv im n m w nt oa m I IOH KM* kPI 1/1 i/1 14/2 15/2 17/2 14/2 a/2 l»/2 l/J U/i 11/1 19/3 »/1 JO/J 31/3 1/4 2/4 12/4 12/4 21/4 27/4
      1,497 words

  • Page 35 Advertisements
    • 2258 35 sex: CALIFORNIA PEGASUS 19E' eta sgp 02/02/94 II II ZOGC II ARRIVING LOS ANGELES 19/02/94 IN 16 DAYS II II aex: 'NEPTUNE DIAMOND 18E' ETA SGP 04/02/94 II I ARRIVING NEW YORK 28/02/94 IN 23 DAYS HI KXPORT TO: PSW/PNW SINGAPORE CALIFORNIA CXMTSt (SCX) TO: USWC US OULF MtDWttT USCC
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    • 1024 35 0 I MULTILINE SHIPPING PTE LTD ■V (a membef of SMSOV Group) CR NO: **********0 C ENQUMES: *****33 BOOKINGS: *****64, *****51, *****31, *****13 BALTIC: INWARD *****97 OUTHARD *****10 T/S *****10 BLASCO: INWARD *****65 OUTWARD *****28 T/S *****46 FESCO: BOOKINGS *****06 DOC *****07 MARINE INSURANCE: *****57 INVENTORY: *****59 AGENTS: KL: 03-*****75/697
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  • Page 36 Advertisements
    • 1527 36 44 i_i AS AGENTS: "t" L* (MWAfOltf) HI LTD (CM No: **********0 M) TEL: *****77 TELEX: KAWAKI R*****5 FAX: *****16/7/8/9 T MALAYSIA: LINE MAJtfTIM (MALAYSIA) SON IHO U TEL: SA *****00 PK *****75 PEN *****0 JB *****1 PGU *****5/6 1 INDONESIA: P.T. SARANA LAIfT WTDINUSA. TEL: JKT *****08 Kks" prTlrsj?"
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    • 1116 36 ®APPENSHIP (Q\ HAMBURG \T\J CONVENTIONAL INDEPENDENT LINER SERVICE EUROPE TO SOUTH EABT ASIA AND FAR EAST VESSELS LOAMNG POUTS DISCHARGE LOADING FOR VAMUY MATUZENKO 2 2.94 UNISON ANTWERP 31.1.94 3 3 94 INZHENCR PARK HON YUK TARRAGONA 62 94 18 394 I KOALA CONTAINER LINE STORE ax HAM ROT LEH
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  • Page 37 Advertisements
    • 991 37 /H f PACIFIC INTERNATIONAL LINES (PTE) LTD I 5555? 140 Cecil Street, #03-00 PIL Building, Singapore 0106. I KK U CR NO **********0E I VESSEL VOY SIN CMB JIB JEO AOJ ADE HOD PZU ASA I KOTA MOAN IDHOO3 8/2 20/2 I KOTA WIRAWAN WRNO37 5/2 10/2 IS/2 IS/2 20/2
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  • Page 40 Advertisements
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  • Page 41 Advertisements
    • 639 41 FAMOUS CONTAINER LINES 10 ANSON RD #15-21 INTERNATIONAL PLAZA, S'PORE 0207 HOT LINE: *****33 (24 LINES) GOTHENBURG/SCAN 7/2 ROTTERDAM 7/2 AARHUS/COPENHAGEN 772 HAMBURG/BREMEN 7/2 MARSEILLE/FRANCE 9/2 FELIXSTOWE/UK 2/2 BARCELONA/SPAIN 4?2 LEHAVRE/FRANCE 2/2 GENOA/ITALY 472 ANTWERP/BELGIUM 7/2 LOS ANGELES/ WC/IPI 6/2 SYDNEY/MELBOURNE 2/2 NEW YORK/EC 672 FREMANTLE/ADELAIDE 2/2 VANCOUVER 2/2 BRISBANE
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  • Page 42 Advertisements
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  • Page 45 Advertisements
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  • Page 46 Advertisements
    • 326 46 J. VIGOUR PACIFIC LINES VESSEL VOYAGE SXGAPORE MANILA 1 VIGOUR SINGAPORE 9406N 04/02/94 12/02/94 VIGOUR SINGAPORE 9406 AN 07/02/94 12/02 94 1 LOAHNG EVEHY VIGOUR PACFIC 9407N 11/02/94 19/02/94 FRDAY VIGODR PACIFIC KLANG/PE U 94 CO 94 R C VESSEL VOYAGE SINGAPORE PORT KLANG PENANG I SINGAPORE VIGOUR SINGAPORE 9406N
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  • Page 46 Miscellaneous
    • 712 46 TODAY'S TIDES (height in metres) HOW 0000 0100 0200 0300 0400 0500 0600 0700 o*oo 0900 1000 1100 1200 1300 1400 1500 1600 1700 ISOO 1900 2000 2100 2200 2301 ft 1.9 2.6 2.1 2.1 2.5 2.0 1.4 1.0 0.7 06 OS 12 2.0 2.7 3.0 3.0 2.7 11 1.5
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  • Page 47 Advertisements
    • 1031 47 I HYUNDAI I MERCHANT MARINE CO. LTD. WESTBOUND TO EUROPE BKG: *****61 VESSELS VOY I PHA PKE I PGP I VESSELS VOY SIN »TM AWT* LEW HAM fjjH HMM ADVANCE 037 A 07/01 0«/02 10/02 a PIONEER 307* 16/02 04/03 04/03 07/03 06/03 06/03 08/03 NOR MALACCA 9407 A 14/01
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