The Business Times, 8 February 1994

Microfilm: NL19043
Total Pages: 46
1 46 The Business Times
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  • Title Section
    Masthead
    12 1 Business Times WE KNOW AS/A MITA(P) 010/12/93 Tuesday February 8 1994 75'
    12 words
  • 2am LATEST
    • Article
      Lock icon EU backs air strikes after Bosnia attack
      59 1 AFP BRUSSELS European Community foreign ministers last night called for the lifting of the Serb siege of Sarajevo by all methods, including air strikes. The call came even as UN secretary-general Boutros Boutros-Ghali asked Nato to reach a decision on the feasibility of
      AFP  -  59 words
    • Article
      Lock icon Russian govt analyst resigns in protest
      31 1 AP MOSCOW A lop government economic adviser submitted his resignation to Prime Minister Viktor Chernomyrdin yesterday, accusing the government of shifting away from reform. AP
      AP  -  31 words
  • Article
    MARKET SUMMARY
    162 1 Stock market indices Monday Change STII 2,314.45 -46.52 KLSEComp 1,094.02 -53.30 Nikkei 20,014.40 -287.03 Hang Seng 11.414.27 -743.30 SET Index 1,344.81 -99 Jakarta Comp 594.12 -7.71 CLSA China B closcd Aust All Ord 2.281.1 -51.7 FTSE 100 3.419.1 -56.3 Monday Previous 1 pm close Dow Jones 3,896.68 3,871.42
    162 words
  • Article
    Lock icon Dow Jones recoups loss as bourses worldwide fall
    385 1 Reuier NEW YORK The Dow Jones Industrial Average yesterday recouped about onequarter of last Friday's 2.4 per cent plunge, led by rallies in International Business Machines Corp and Aluminum Co of America. "IBM got crushed on Friday, and it's had a nice
    Reuier  -  385 words
  • Article
    Lock icon Another rate rise possible says Bentsen, but that's for Fed to decide
    270 1 Bloomberg Business News WASHINGTON The Federal Reserve may increase interest rates further, US Treasury Secretary Lloyd Bentsen said on Sunday. "That's always a possibility," the secretary said. Mr Bentsen, who was speaking on NBC's "Meet the Press" on
    Bloomberg Business News  -  270 words
  • Article, Illustration
    Lock icon Regional bourses tumble; an over-reaction, say analysts
    453 1  -  By Paul Leo SINGAPORE Regional stock markets tumbled across the board yesterday in reaction to the Dow Jones' 96point fall last Friday. Most analysts said sentiment in regional bourses was hurt in an over-reaction to the surprise decision by the US Federal Reserve
    Source: Bridge Info; AFP  -  453 words
  • Article
    Lock icon Greenback makes cautious gains
    267 1 Bloomberg Business News, Reuter NEW YORK The US dollar rose against the dcutschcmark and other European currencies yesterday as the US stock market steadied after Friday's plunge. However, concern that higher rates could continue to batter the stock market limited the dollar's gains yesterday. There was
    Bloomberg Business News,; Reuter  -  267 words
  • Article
    3-way link to cut settlement delays by end-March
    396 1  -  By Shiv Taneja SINGAPORE Trading on the stock market with CPF funds will soon be as efficient as using cash. By the end of March, trades will be settled on due date. That is when broking houses, agent banks and the CPF
    396 words
  • Article
    MRCB-PNB tie-up wins M$1.6b power contract
    580 1  -  From Leslie Lopez in KUALA LUMPUR MALAYSIAN Resources Corp Bhd, owner of Malaysia's premier media group, and state-owned investment house Permodalan Nasional Bhd have been awarded a MS 1.6 billion (SS96O million) power contract. The MRCB-PNB joint venture won the deal to upgrade some
    580 words
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  • SINGAPORE NEWS
    • EYE on the ECONOMY
      • Article, Illustration
        Lock icon Electronics sector off to good start
        251 2  -  By Teh Hooi Ling THE electronics industry started the year on a bullish note as far as recruitment is concerned. In January, electronics manufacturers placed 270 job advertisements in the section of The .Straits limes. This was 38 per cent more than in January
        Source: ST Appointments  -  251 words
    • Article, Illustration
      Judgment reserved in case involving Amcol's former MD
      385 2  -  By Ramesh Divyanathan CHIEF JUSTICE Yong Pung How has reserved his decision in a case against former Amcol Holdings managing director Kang Hwi Wah. Kang. who was acquitted in the Subordinate Courts last year, appeared before the High Court yesterday after an
      385 words
    • Article
      Export packaging design in double tax deduction scheme
      231 2  -  By Ven Sreenivasan THE Double Tax Deduction Scheme (Goods and Services) has been extended to cover export packaging design. Under the scheme. Singapore manufacturers and traders can claim double tax deduction tor expenses incurred in customising packaging for overseas markets. This will
      231 words
    • Article, Illustration
      Singapore opposed to illegal waste shipments: Ministry
      304 2 SINGAPORE docs not condone illegal movement of waste and will cooperate with any nation or authority to investigate such illegal activities, the Ministry of Environment said yesterday. In response to a report titled The H'asle Invasion of Asia released last week by the
      304 words
    • Article
      New '9' for mobile phone numbers to boost capacity
      123 2 THE TelecorrflWfflfiftion Authority of Singapore will introduce a new numbering system for mobile communications that will boost capacity by at least seven million numbers. This should satisfy growth in demand and the introduction of new services for 20 to 25 years.
      123 words
    • Article
      Ong Beng Seng company buys Londonderry Hotel
      338 2 A COMPANY linked to Singapore businessman Ong Beng Seng has bought a prime London hotel for about $70 million. The deal to buy the Londonderry Hotel the third major London hotel transaction by a Singapore party in the past 12 months or so
      338 words
    • Article
      URA sells 22 of 27 shophouses in Chinatown tender
      236 2 SINGAPORE The Urban Redevelopment Authority said yesterday it had awarded 22 out of 27 conservation shophouse parcels in Chinatown to the highest bidders. Glenville Estate Investment. a wholly owned subsidiary of Straits Steamship Land, won all six of the adjoining properties
      236 words
    • Article
      Suntec City orders $8.2m seating system
      206 2 SUNTEC City Development has awarded an $8.2 million eontract for the supply of a custom-engineered telescopic seating system for the Singapore International Convention and Exhibition Centre (SICEC) to a company formed by Jardine Matheson (Singapore) Ltd and Bayerische Buhnenbau GmbH of Germany. The contract
      206 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      209 2 to by From earliest has made the future happen in a close alliance technology f/f^ifMjjj^^^^B^^B 5 In Auguste Agassiz 1 charted the destiny of Longines. As a forerunner, Longines provided instruments and timepieces to those who w I^^EH opened new frontiers, includ- ing Lindbergh, Byrd and <^s I Amundsen. And
      209 words
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  • SOUTH-EAST ASIA
    • Article, Illustration
      Lock icon Japanese team strikes oil, gas in block off Cambodia
      357 3  -  From Harish Metita in PHNOM PENH A JAPANESE consortium has struck oil and gas in an exploration block off Cambodia, marking the country's first oil find. Japan Petroleum Exploration and Nissho Iwai recently drilled their first well in the Gulf of
      Source: Cambodian Ministry of Energy & Mines  -  357 words
    • Article, Illustration
      Lock icon Finally going home
      63 3 Reuter HANOI US military personnel carrying a metal casket containing remains believed to be those of US personnel who died during the Vietnam War into a C-141 plane at Hanoi's Moi Bai airport yesterday. It was the first set of remains to be turned over by the
      Reuter  -  63 words
    • Article
      Lock icon M'sia faces growing trade deficit with Japan: UMBC
      499 3 Bernama KUALA LUMPUR Malaysia's trade deficit with Japan is expected to increase further despite the stronger yen since early 1993, United Malayan Banking Corporation Bhd reports in its January issue of Business Conditions Malaysia. Quoting its Economic Research Department the bank states
      Bernama  -  499 words
    • Article
      Lock icon Jakarta to sign US$2.3b power plant deal soon
      322 3 Reuter JAKARTA Indonesia is to sign a deal with a foreign consortium to produce electricity from a planned US$2.3 billion (553.6 billion) coal-fired power plant in East Java. Industry sources yesterday said that the Paiton power deal, the first major one involving
      Reuter  -  322 words
    • Article
      Singapore-Thai Chamber of Commerce launched
      406 3  -  From Loh Hui Yin in BANGKOK A SINGAPORE-THAI Chamber of Commerce has been launched by a group of Singaporeans working here, while the governments of the two countries plan to establish a separate joint business council. The Thai-Singapore Joint Business Council was suggested by Prime
      406 words
    • Article
      Lock icon Manila gets US$211m World Bank loan
      184 3 AFP MANILA The World Bank said yesterday it had approved a US$2ll million (*****.49 million) loan to the Philippines for a gcot hernial power project tapping underground volcanic steam. Private financing will account for 38 per cent of the U*****.9 million 200-mega-watt Leyte-Cebu geothermal
      AFP  -  184 words
    • Article
      Lock icon Fast-growing Johor attracts total investment of M$4.15 b to October
      272 3 Bernama JOHOR BARU Total investment in Johor up to October last year reached M 54.15 billion (552.4 billion), says JSEDC Technopark Sdn Bhd managing director, Jaafar YusofT. He said the basic economicdevelopment strategy undertaken by the Johor State Economic Development
      Bernama  -  272 words
    • ASIA NOTES
      • Article
        Lock icon Record Japan foreign stock purchases
        72 3 Reuter TOKYO Japanese investors spent more money on foreign shares in December 1993 than ever before, the Ministry: of Finance said yesterday. A ministry official attributed the record to rises in overseas stock prices during the month. Net foreign stock purchases by Japanese investors rose
        Reuter  -  72 words
      • Article, Illustration
        Lock icon True grit
        44 3 AFP PHNOM PENH Cambodian mine victim, Yous Pisey, 30, practising her tennis stroke yesterday in preparation for an Upcoming tennis tournament for the disabled in Pattaya, Thailand, this weekend. Every month, 300 Cambodians fall prey to mines littered throughout the country. AFP
        AFP  -  44 words
      • Article
        Lock icon Apec ministers to meet in Morocco
        83 3 Knight-Ridder JAKARTA Trade ministers of the 17 economies of the Asia Pacific Economic Cooperation forum will gather informally in April in Marrakech, Morocco, according to diplomats attending a meeting here of senior Apec ofTicials yesterday. The North African venue was chosen because the trade
        Knight-Ridder  -  83 words
      • Article
        Lock icon Japan to double employment subsidies
        79 3 Bloomberg Business News TOKYO The Japanese government will double the pool of funds it uses to subsidise companies that keep under-utilised workers on the payroll to 330 billion yen (SS4.B billion) in the fiscal year starting April 1, from 180 billion yen this fiscal year,
        Bloomberg Business News  -  79 words
    • Article
      Proton, Manila car maker keen on Philippine plant
      225 3  -  From Al Labita in MANILA PERUSAHAN Otomobil Nasional Bhd. the manufacturer of Malaysia's Proton Saga, and Manila's Autocorp are considering putting up a 25 million peso (551.43 million) assembly plant in the Philippines. The plant, to be located in Pangasinan, President Fidel
      225 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      78 3 Unlike other restaurants, we have a way of serving wine. In a glass. Wit** 96 PA*-'* There are now more reasons to visit Maxim's, Singapore's most romantic French restaurant. A complete range of fine wines, that you can even order by the glass. And a mesmerising new menu from award-winning
      78 words
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  • CHINA/HONGKONG/TAIWAN
    • CHINA WATCH
      • Article
        Lock icon HK posts 5.6pc economic growth
        120 4 AP, Xinhua HONGKONG The Hongkong economy grew by 5.6 per cent injhe third quarter of 1993 compared to the year-earlier period. Thp government yesterday reported that the gross domestic product grew by 5.5 per cent in the first three quarters of the year, from the
        AP,; Xinhua  -  120 words
      • Article
        Lock icon Taipei uncovers fraud in arms contract
        82 4 Reuter TAIPEI Taiwan's defence ministry has uncovered a series of bribes paid to navy officers for the purchase of weapons from foreign defence contractors. Captain Kuo Li Heng, who was arrested in December, had admitted taking a bribe of NTS9.S million (*****,000) from Wang
        Reuter  -  82 words
      • Article, Illustration
        Lock icon Billiards catching on in Beijing
        31 4 Reuter BEIJING People gathering at a Sunday market for an outdoor game of billiards, which is fast becoming a popular past-time in th« Chinese capital. Reuter
        Reuter  -  31 words
      • Article
        Lock icon Crackdown on religion may hurt China
        120 4 Reuter HONGKONG China's crackdown on religious activities by foceigners may damage its efforts to secure an extension of US trade privileges. Frank Martin, president of the American Chamber of Commerce in Hongkong, said yesterday: "It doesn't help. It jvill alienate a number of individual
        Reuter  -  120 words
      • Article
        Lock icon Taipei may cut tax on GDRs
        53 4 Reuter TAJPEI Taiwan's Finance Ministry has proposed cutting the tax on dividends paid to foreign institutional investors in Global Depositary Receipts (GDRs) to attract more foreign investment, a ministry official said yesterday. Taiwan levies a 35 per cent tax on GDR dividends for foreign
        Reuter  -  53 words
    • Article
      Lock icon China warns Indons, Thais over Taiwan president's visit
      412 4 Reuter BEIJING China yesterday issued a stern warning to Indonesia and Thailand over planned visits to both countries by Taiwan President Li Teng-hui viewed by Beijing as another round of "holiday diplomacy" by its Nationalist rival. Should Jakarta or Bangkok endorse Mr
      Reuter  -  412 words
    • Article, Illustration
      Lock icon Chinese state firms warned against disrupting reforms
      194 4 Bloomberg Business News HONGKONG In another indication that the Chinese leadership is concerned about the fate of its economic reform programme, China's economic czar warned state enterprises over the weekend not to disrupt reforms. In a Xinhua news agency report on Sunday. Mr
      Bloomberg Business News  -  194 words
    • Article, Illustration
      Lock icon China to build another nuclear power plant near Daya Bay
      357 4 AFP HONGKONG China has decided to build another nuclear power station a few kilometres from the one it inaugurated last Sunday in Daya Bay, near Hongkong. The head of France's national power company yesterday said: "What we have determined from
      AFP; Reuter  -  357 words
    • Article
      Lock icon HK's Peregrine, Soros launch investment fund
      304 4 Bloomberg Business News HONGKONG Peregrine Investment Holdings of Hongkong has teamed up with investor George Soros to set up a USSI billion (551.588 billion) fund to invest in infrastructure projects and companies in Asia. Last week. Mr Soros formed a partnership with the finance
      Bloomberg Business News  -  304 words
    • Article
      Nd deal yet on Beihai industrial park: SMA, EDB
      321 4 SINGAPORE Both the Singapore Manufacturers' Association (SMA) and the Economic Development Board have denied a news report that they have signed a memorandum of understanding to develop a Singapore industrial park in Beihai. Guangxi province. The Hongkong newspaper Ta Kung Pao
      321 words
    • Article
      Lock icon HK risks real estate price collapse: Nomura
      200 4 Bloomberg Business News HONGKONG The rapid inflation in Hongkong real estate prices was not sustainable, and the market ran a real risk of collapse, a Nomura Research official said. "There is real danger that Hongkong will follow the same path as Tokyo if
      Bloomberg Business News  -  200 words
    • Article
      Lock icon Lawyers in China ill-equipped to handle new legislation
      370 4 AFP BEIJING China's law presses may be running hot with new legislation, but the country's legal profession remains woefully ill-equipped to provide the quality service needed to implement it. lawyers here say. With state-planning giving way to market forces and the authorities
      AFP  -  370 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      149 4 the glittering f MARCfH 10th Hong Kong International Jewellery Show MARCH 16 19, 1994 HONG KONG CONVENTION EXHIBITION CENTRE For more information, please contact your nearest HKTDC office or simply complete and return the coupon to the address below. Co-organisers: Hong Kong Trade Development Council The Hong Kong Jewellers' Goldsmiths'
      149 words
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  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      57 5 Johnnie *C *W Jg* -3fe% i, flitMllal IgSS m** l^fe oßf ABH i Congratulations to Greg Norman for winning the Johnnie Walker Classic (And proving that you're extra special in... every sense.} v l*\ x Ihe J()hnnic \\alkcr lassk-. Asia's piemie: u<>|j event. Khrmrv 3-h IIW.l l W. At the
      57 words
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  • REST OF ASIA
    • Article
      Lock icon Japan's current account surges to record of US$131b
      595 6 Hosokawa likely to come under pressure from US at coming summit Reuter TOKYO Japan's contentious current account surplus surged to a record U*****.4 billion (*****.6 billion) in calendar 1993, giving Prime Minister Morihiro Hosokawa a new headache before his US summit on
      Reuter  -  595 words
    • Article
      Lock icon Singh tells India's state firms to compete in market
      297 6 AFP NEW DELHI Indian Finance Minister Manmohan Singh warned the country's gigantic and hitherto protected public sector yesterday that it would have to compete on equal terms with private firms. "In the new liberal environment, the public sector will have to
      AFP  -  297 words
    • Article, Illustration
      Lock icon Demand for islands in the Sun
      40 6 Reuter TOKYO A Japanese right-winger, with a Rising Sun headband, blasting slogans here yesterday demanding the return to Japan of Russian-held islands off the northern island of Hokkaido. Yesterday was Northern Territories Day. Reuter
      Reuter  -  40 words
    • Article
      Lock icon Tokyo delays building of nuclear reprocessing plant
      243 6 AFP TOKYO Japan, reacting to fears across Asia and the Pacific, will scale back controversial plans to develop use of plutonium and will reaffirm a pledge, made a quarter-century ago. never to have nuclear weapons, officials said yesterday. The government has decided to
      AFP  -  243 words
    • Article
      Lock icon Aussie economy turns in strong figures for retail sales
      346 6 Reuter SYDNEY The Australian economy showed its new-found strength yesterday with latest retail sales figures around their strongest levels in over two years, underpinned by a strong housing market and rising consumer confidence. In seasonally-adjusted terms, the value of retail sales
      Reuter  -  346 words
    • Article
      Lock icon Seoul orders crisis talks as North digs in on N-sites
      224 6 AFP SEOUL South Korean President Kim Young-Sam convened a top-level security meeting for today as worries intensified over escalating tensions over the North Korean nuclear impasse. The Cabinet-level meeting would discuss possible action in response to the North's continued rejection
      AFP  -  224 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      284 6 Wang WiOW„t Parity rtaCtaCha Jiang Tavern Ho"-" Sayna River Court iZ The Cannery InA.ne.ian U 41/10/l# Trader/Market n n Restaurant e!> Merchants Court #02-04 Restaurant Restaurant #01 -09 Hots tones, steaks Shophouse Row Sbopbouse Row Chinee Seafood d Chinese Cuuuu, Shophouse Row R&taurant bealcuvtne T naneee W2-0I Tel; *****66 Td-*****t0
      284 words
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  • THE WORLD
    • Article
      Lock icon US will act if Japan does not cut trade surplus, Bentsen warns
      441 7 Bloomberg Business News WASHINGTON US Treasury Secretary Lloyd Bentsen yesterday repeated a threat that the US would take action if Japan did not reduce its trade surplus with America. The Commerce Department will report the total figure for
      Bloomberg Business News  -  441 words
    • Article, Illustration
      Lock icon Keeping Mandela at bay
      51 7 AFP BOPHUTHATSWANA, South Africa A Bophuthatswana policeman brandishing a pistol in an attempt to block African National Congress president Nelson Mandela's motorcade from entering Sb6tft 'Africa's only recognised independent homeland on Sunday. Mr Mandela is on an election campaign in the conservative Orange Free State province.
      AFP  -  51 words
    • Article
      Lock icon German rate cuts won't bring recovery: report
      311 7 KnightRidder FRANKFURT A reduction in Germany's short-term interest rates alone will not bring economic recovery because these rates are not important for investment, Bundesbank president Hans Tietmeyer reportedly said at a weekend forum on European union. In an article in yesterday's Aachener Nachrichten.
      Knight- Ridder  -  311 words
    • Article
      Lock icon E Europe home appliance sales to rise 50pc by 1997
      159 7 FT LONDON Sales of white goods in Eastern Europe are likely to rise more than 50 per cent by 1997, paced by strong growth in Hungary and Poland. according to a report by Euromonitor, the Londonbased market analysts. Volume and
      FT  -  159 words
    • WORLD WATCH
      • Article
        Lock icon Britons go on borrowing spree
        67 7 AFP LONDON British consumer credits rose by £443 million (551.05 billion) in December after rising by £290 million in November, the central statistical office said. Analysts had expected consumer credits to rise by about £320 million in December. In December, lending to consumers reached £4.976
        AFP  -  67 words
      • Article, Illustration
        Lock icon Just follow the leader...
        32 7 AFP JABALIYA, Gaza Strip An Israeli sapper following an explo-sives-elearing robot while searching for a bomb near an Israeli army post in the Jabaliya refugee camp here. AFP
        AFP  -  32 words
      • Article
        Lock icon US, Russia plan war games in July
        76 7 AFP MUNICH Russia and the United States would hold their first joint military exercises in the Russian Volga region this July. US' Defence Secretary William Perry said here. The military manoeuvres would involve "elements of our 3rd Infantry Division and their (Russia's) 27th
        AFP  -  76 words
      • Article
        Lock icon Clinton may attend next Apec forum
        59 7 Bcrnama CANBERRA US President Bill Clinton was scheduled to visit Indonesia in November for a meeting of leaders from Asia-Pacif-ic Economic Cooperation member countries, a local press report said. But the US embassy here said putting Mr Clinton's name in the schedule was baseless
        Bcrnama  -  59 words
      • Article
        Lock icon German banks see record insolvencies
        35 7 Reuter BONN The Association of German Cooperative Banks expected 1994 to be a record year for corporate insolvencies, with around 19,000 companies gojng bankrupt. BVR president Wolfgang Grueger said. Reuter
        Reuter  -  35 words
      • Article
        Lock icon Aide succeeds socialist Lang in poll
        42 7 AFP PARIS An aide to Socialist former minister of culture Jack Lang won the second round of voting in a by-election in Loir-et-Cher region to succeed him. Socialist Michel Fromet defeated centre-right candidate Jacqueline Gourault. AFP
        AFP  -  42 words
    • Article
      Lock icon Talks to solve dispute in German metal industry break down
      281 7 Reuter, AFP COLOGNE, Germany Talks to try to solve a labour dispute affecting Germany's key metalworking and electrical industries broke down yesterday. IG Metall negotiator Norbert Wrobel blamed the employers' side for the breakdown. A spokesman of the union said
      Reuter,; AFP  -  281 words
    • Article
      Lock icon Labour launches business platform for UK elections
      409 7 Reuter GLASGOW British opposition leader John Smith yesterday launched the Labour Party platform for local and European elections, saying he wanted to invest in recovery. Promising a fairer tax system which closed loopholes exploited by the rich, Mr Smith said Labour would direct
      Reuter  -  409 words
    • Article
      Lock icon UK aid policy likely to come under fire from OECD
      470 7 FT LONDON The controversy over British aid for the Pergau Dam project in Malaysia has prompted concern within the Organisation for Economic Cooperation and Development (OECD). Sharp criticism of British government aid policy is expected in a report being prepared
      FT  -  470 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      286 7 RED-HOT STOCKS China is the investment story of the decade so investors jaded with Singapore's blue chips should look at what Chinese-controlled companies u fif are doing here and in the region. ,w,p ore r*o ALSO IN THIS ISSUE: Singapore's aerospace industry rides out rough weather 1994's best currencies to
      286 words
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  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      1026 8 M Nothing Beats A Bud. H&yifll where to wine, dine and entertain OF GENUINE taste OF ITALY. 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
      1,026 words
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      Page 8 Advertisements Column 2
      326 8 Fancy Beijing? Then, we're delighted to suggest the Pine Court for a memorable dining experience. y Try our Beijing specialities such as Baked Tench, Beijing Duck and Marinated Lamb and our lunch menu of Beijing dian xin. «H,H' To add to your enjoyment, DjnO all these are well within ppijiSicl
      326 words
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  • LIFESTYLE
    • Article, Illustration
      It's so easy to forget Bugis Street
      763 9  -  After watching the musical, Susan Tsang finds that. Susan Tsang FOR those of us who remember the squalid old days, Bugis Street was a dirty old place with lots of colour and good food. Then they tore it down, and gave us a
      763 words
    • Article, Illustration
      Lock icon Kingsley's whimsical wish
      506 9 CHATTERBOX UPI UPI AP AP UPI ACTOR Ben kingsley has had the attention-getting and award-winning roles other actors would give their porce-lain-capped eyctceth for the title role in Gandhi which won him an Oscar, notable mobster Meyer Lansky in Bugsy and now a holocaust survivor in Schindlers
      UPI; AP  -  506 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      51 9 I. FRATINI Opening Hours Lunch 12 noon 2.30 pm Dinner: 6pm -12 midnight (Close on Sunday) 51 Neil Road #01-22 Singapore 0208 Tel: 323 2088 Fax; 323 0334 TOSS UP VOUR PROIPOUTV WITH THE COD OP PORTUnC 31$ **n ttngp&r QHjXeb*** i*2 Ha>-elock Amm> Stmgmfrr oMt> Tel: *****22 Fax: 712
      51 words
  • Page 9 Miscellaneous
    • Miscellaneous
      Page 9 Miscellaneous Column 1
      1312 9 TV RADIO Revenge, 11pm, SBC 5 3HWfcf Kevin Costncr plays a recently WjKt, retired fighter pilot who enjoys a break at the Mexican ranch BnBS of his tennis partner Mendez (Anthony Quinn). He also en- X* joys Mendez's wife (Madeleine Rob Lowe and Jennifer Grey Jgfc star in in Pans
      1,312 words
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  • SPORTS
    • SIDE LINES
      • Article
        Lock icon Coe-Jones wins Palm Beach Classic
        143 10 AFP LAKE WORTH, Florida A 6m birdie putt at the 17th lifted Canadian Dawn Coe-Jones to victory in the Palm Beach Classic here on Sunday, a one-shot triumph over hard-charging Lauri Merten. Merten shot a course-record eight-under 64. but still could not overtake Coe-Jones. who
        AFP  -  143 words
      • Article
        Lock icon Uresti scores first win as pro
        98 10 Reuter MBABANE, Swaziland Texan Omar Uresti won his first tournament as a professional when he carded a four-under-par 68 in the final round of the Royal Swazi Classic on Sunday. He finished on 274. 14 under, to beat compatriot Andrew Pitts, round in 67,
        Reuter  -  98 words
      • Article
        Lock icon Injured Caddick's tour in doubt
        153 10 AFP ST JOHNS, Antigua Fast bowler Andrew Caddick's England tour was in doubt here on Sunday after he limped out of the seven-wicket victory over the Leewards Islands. The Somerset quickie could be suffering from a stress fracture of his right shin. Caddick had been
        AFP  -  153 words
      • Article
        Lock icon Botham eyes new career
        67 10 AFP LONDON England's cricketing legend lan Botham is set for a new career this summer presenting his own show on radio. The former England all-rounder is to present a BBC phone-in programme for sports fans. "Playing radio presenter is something I have wanted to do for
        AFP  -  67 words
      • Article
        Lock icon Gustafsson wins Dubai crown
        59 10 AFP DUBAI Sweden's Magnus Gustafsson beat Spaniard Sergi Bruguera here on Sunday to win the Dubai Open. Gustafsson won the one-million dollar ATP event 6-4, 6-2 against the favourite after beating American veteran Ivan Lendl in the semi-finals. The match only lasted 75 minutes, with Bruguera
        AFP  -  59 words
      • Article
        Lock icon All eyes on Kapil
        132 10 AFP AHMEDABAD, India Indian all-rounder Kapil Dev's expected world bowling record looms large as the home team prepares to complete a 3-0 whitewash of Sri Lanka in the test series. The 35-year-old seamer, who equalled Richard Hadlee's 431-wicket haul last week, is expected to cross the
        AFP  -  132 words
    • Article, Illustration
      Lock icon Miller's magical moment at Pebble Beach
      832 10 coir NYT PEBBLE BEACH. California There is always something of an unreal sense at Pebble Beach, a sort of vaguely mystic quality to the golf and the surroundings. But old Pebble Beach has never been as mysterious and dreamlike as Sunday when, out of
      NYT  -  832 words
    • Article, Illustration
      Lock icon Two set new world indoor records
      90 10 Reuter, AFP STUTTGART Britain's Colin Jackson (above) on his way to winning the 60 m hurdles event of Stuttgart's track and field meeting on Sunday. Jackson finished with a new world best time of 7.42 sec. Meanwhije, in Grenoble, France, Russian Leonid Voloshin beat
      Reuter,; AFP  -  90 words
    • Article, Illustration
      Lock icon Tourist athletes get snowed out
      923 10 Winter Olympics NYT LILLEHAMMER. Norway Bonnie Blair is back. So are Nancy Kerrigan, Victor Petrenko. Marc Girardeili and. for all those who never enjoy a dull moment. Alberto Tomba. With a one-time-only gap of two years between these winter games and their predecessors in France,
      NYT; Reuter  -  923 words
    • Article
      Has the SCC Sevens come of age?
      784 10  -  By Shahiron Sahari THE debut of two pairs of streakers at the Singapore Cricket Club Sevens last Sunday could be taken as one indication that the event has really "arrived" as a tournament of international repute. Streaking, after all. is something of a
      784 words
    • SCORE CARD
      • Article, Illustration
        Lock icon Basketball
        40 10 Reuter NKW YORk NBA Sunda>: New York 95 Orlando 77; Washington 84 Golden State 106: Phoenix 89 Chieago 88; Houston 101 Minnesota 90; New Jersey 102 San Antonio 104 (OT): Denver 99 Dallas 89: LA Lakers 107 Utah 90.
        Reuter  -  40 words
      • Article, Illustration
        Lock icon Golf
        293 10 AFP AFP AP AP PKBBIk BKAC'II. California Pebbk- Beach Pro-Am leading final scores Sundav (All I S): 281 Johnny Miller 68 72 67 74 282 JelT Maggert 68 72 72 70. Cores Pavin 69 71 71 71. kirk Triplet! 69 74 67 72. Tom Watson 69 67 72 74
        AFP; AP  -  293 words
      • Article, Illustration
        Lock icon Ice hockey
        34 10 Reuter NEW VORk NHL Sunday: Anaheim 2 Chicago 3: Edmonton 5 Winnipeg 2: Vancouver 2 Hartford 4; Florida 3 Boston 0: BulTalo 4 NY Islanders I; Dallas I San Jose 7. Reutcr
        Reuter  -  34 words
      • Article, Illustration
        Lock icon Motor-racing
        62 10 AFP DAMON A BEACH, California Results of the 24-hour Daytona car race Sunday: I Paul Gcntiloi/i. Scott Pruett. Butch Lcit/ingcr and Steve Millen (all US). (Nissan) completed 707 laps 2 Dominique Dupuy. Boh Wolleck and Jack Leconte (ail France). Jesus Pareja (Spain). (Porsche) 683 laps 3 Dirk Ebcling. Karl
        AFP  -  62 words
      • Article, Illustration
        Lock icon Tennis
        52 10 AFP AFP AEP DLBAI ATP tournament final Sunday: Magnus Gustafsson (Swe) b Sergi Bruguera (Spn) 6-4 6-2. MARSEILLE, France ATP tournament final Sunday: Marc Rossct (Swi) b Arnaud Boetsch (Era) 7-6 7-6. AFP SAN JOSE, California ATP tournament final Sunday: Rcnzo Furlan (Ita) b Michael Chang (US) 3-6 6-2
        AFP; AEP  -  52 words
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  • PROPERTY & CONSTRUCTION
    • Article, Illustration
      Make a bomb, but don't step on one
      858 11  -  The Vietnamese property market is both a gold mine and a minefield. Sylvia Wong reports. Sylvia Wong THE Vietnamese property market is a minefield, says a Singapore property consultant. Investors can make a bomb but are just as likely to step on
      858 words
    • REGIONAL SKYLINE
      • Article
        Lock icon HK retailers groan as mortgages grow
        61 11 South China Moming Post HONGKONG Retail turnover has been hit because people are spending more on buying houses. Government incentives aimed at encouraging home ownership mean that people who would otherwise rent subsidised housing are becoming first-time buyers. With more of their disposable income
        South China Moming Post  -  61 words
      • Article, Illustration
        Lock icon Record take-up rate for HK office space
        65 11 South China Moming Post HONGKONG Prime office space was taken up at a record rate in 1993. According to Jones Lang Wootton, 4.73 million sq ft of net space was absorbed, or 8.5 per cent more than the previous record amount, in 1991.
        South China Moming Post  -  65 words
      • Article
        Lock icon Thai floating hotel gets offer
        68 11 The Nation BANGKOK Nigerian-born American businessman Amaka Menadu is said to be negotiating with Thai owner Olam Atsawarittikul to buy the Phnom Penh Floating Hotel. He has reportedly offered 275 million baht (5516.5 million) for the hotel, which he wants to tow back to his
        The Nation  -  68 words
      • Article
        Lock icon Sydney industrial property sales soar
        60 11 Australian Financial Review SYDNEY More than AS34O million (SS3B4 million) worth of Sydney industrial property changcd hands in the second half of 1993, pushing turnover up to the boom level of 1988 and 1989. Jones Lang Wootton says activity involving properties of As 2 million
        Australian Financial Review  -  60 words
      • Article
        Lock icon Brisbane office towers for sale
        48 11 Australian Financial Review BRISBANE National Mutual is selling two of its Brisbane office towers Santos House and the old T&G Complex. The move is in line with the life insurance giant's plan to lower its exposure to Brisbane central business district property. Austra-
        Australian Financial Review  -  48 words
    • Article, Illustration
      Lock icon KL town chief says condos likely to pass muster, but experts differ
      703 11 MBT IT IS unlikely that any of the condominium projects in Kuala Lumpur will be declared unsafe, despite warnings from experts that the Highland Towers disaster will not be an isolated case if proper preventive action is not
      MBT  -  703 words
    • Article
      PROPERTY WATCH
      297 11 Selected market transactions in the past week Mrtrict I Property Typ# T«w» Si^ C Sip* PRIVATE Jan 31,1994 0316 Teresa Vie Apt 1410 FH 565,000 401 Feb2,J994 0511 FMnPark i Apt 2012 FH 868,000 431 Feb 1,1994 7 0512 West Coast Place ZIL Terr 1800(2000) FH 1,170,000 560
      297 words
    • Article
      Large returns are there — for those who are patient
      532 11 Large returns are there for those who are patient INVESTORS willing to brave the dangers of the Vietnamese market stand to be well-rewarded. But only the patient need apply. According to Mr Ong Bcng Kheong, returns can be huge. Most investments can be recouped in four or five years. "This
      532 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      16 11 To advertise your APPOINTMENTS NOTICE ADS CALL OUR SALES SERVICE Toll-free "ZT I-800-74 I I 883
      16 words
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      Page 11 Advertisements Column 2
      218 11 BUSINESS TIMES TOLL-FREE TEL. No. 1 -800-741-1883 FAX:74.I-1238 SAN TEH LTD (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting will be held at the registered office of the Company at San Teh Industrial Building, 100 Eunos Avenue 7,
      218 words
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  • Article
    Japan must resist managed trade
    494 12 EDITORIAL NOBODY has any doubt as to what the most contentious item on the agenda will be when Japanese Prime Minister Morihiro Hosokawa meets United States President Bill Clinton in Washington this week. It will be Japan's current account surplus. Or more precisely, its bilateral
    494 words
  • WHAT THE OTHERS SAY
    • Article
      Parallels and wider choice
      240 12 THE Chief Justice's ruling on the import of intellectual property in a 1993 case opens up the wider issue of parallel imports as a marketplace practice. Some lawyers have said parallel imports the import of goods by other than authorised dealers would now be reduced. An
      240 words
    • Article
      Boosting KL-Manila ties
      122 12 THE STATE VISIT by Malaysian Prime Minister Mahathir Mohamad to the Philippines reflects a new phase in the relationship between the two countries. The leaders of the two countries have inherited some thorny historical problems. However, instead of harking about the past, both sides are pragmatic enough
      122 words
    • Article
      A new Vietnam on the way
      168 12 PRESIDENT Bill Clinton has finally announced his decision to lift the trade embargo against Vietnam. But, with this move, will American businessmen rush in to invest in Vietnam? Vietnam has among the lowest wages in Asia. Furthermore, with full-scale reconstruction under way and immense
      168 words
    • Article
      Time to leave the past behind
      154 12 PRAGMATISM prevailed when the US lifted the trade embargo on Vietnam on Thursday. It was long overdue. Clearly economics was the force behind the decision to lift the embargo even though US President Bill Clinton took pains to refute this when he made the
      154 words
    • Article
      Support for mutual benefit
      168 12 JAPANESE Prime Minister Morihiro Hosokawa heads for Washington next week, flying high on record popularity ratings afler a bruising parliamentary battle that ended with the passage of political reform measures. By supporting Hosokawa, the US has plenty to gain in the long term. If Hosokawa can
      168 words
    • Article
      Towards regional prosperity
      137 12 ASEAN's mark in history has been its political role. It has been a considerable mark after a considerable role in helping to end the Cambodian conflict. But whether that marks an end or a beginning will depend on how seriously Asean takes itself and how earnestly it
      137 words
  • Article, Illustration
    Lock icon The Fed shows that it's alive and kicking
    933 12  -  Few people believe the Fed when it says it decided on last Friday's interest rate increase without regard to the politics of the issue. Keith Bradsher reports Keith Bradsher NYT BEHIND the Federal Reserve's decision to raise interest rates last Friday and
    NYT  -  933 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      114 12 i I I I I 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. Spotlight: Wearne Brothers. Vikay -L From that, you'll lllllMlll have
      114 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      56 12 IPR6.-TV* obvovjs. i THEY'VE. S^N\ pd toVop^ ,*T*eA l»*0 W... u«. vou J «eeT yr \6EfoKe.--- I <t£P ove£ weße y II CAMOqATIOIgWWm-TO.WMm* f^ r ||7 DOONESBURY GARRY TRUDEAU OF COURSEWHAT £47" y/ I C&jO&m ICAN...IT IS IT. I FOR A IM2ROUS, Fv7~7l THISHONGY&L L MessA&. f SAys.ooop sir 7
      56 words
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  • ANALYSIS
    • Article, Illustration
      A tablet Moses just couldn't have dreamed of
      1538 13  -  While Amy Balan finds it may be premature for newspaper publishers and editors to worry that the computer age will leave them in the dust, William Glaberson describes the goings-on at a US newspaper where a futuristic electronic publishing experiment is in
      1,538 words
    • Article
      Lock icon In San Jose, a bold step into the brave new world of electronic media
      1008 13 NYT THE newspaper of the future may or may not be here. Last May, The San Jose Mercury News started a series of electronic services available by computer, telephone and fax. It calls them electronic extensions
      NYT  -  1,008 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      145 13 Business Thailand > cnwooiy a a ma| pom Crtuif-cdfr ntnmnr totouom Kcwfti rah ft* Mart Itmmb n trcaury ■nrafnma HRSSQEI In this issue: Making the Most of Indians Economic Reforms New Delhi is continuing its massive economic reforms, opening up markets and investment opportunities to foreigners. Asian Business looks at
      145 words
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  • Article
    Lock icon Clinton unveils US$1.5 trillion budget focusing on jobs
    563 14 AP, Reuter WASHINGTON President Bill Clinton presented a US$l.52 trillion (552.4 trillion) budget to Congress yesterday that would shift billions of dollars to job training, pare hundreds of programmes and drive federal deficits to their lowest level in six years. The budget
    AP,; Reuter  -  563 words
  • Article
    Lock icon Citic arm buys 50pc stake in Lantau resort for HK$3.4b
    286 14 Eastern Express HONGKONG Citic Pacific, a subsidiary of China's state-owned investment vehicle Citic (HK), yesterday announced that it is paying HKS3.4 billion (***** million) for a 50 per cent stake in HKR International's Discovery Bay development on Lantau island. Trading
    Eastern Express  -  286 words
  • Article
    Lock icon Tokyo govt hopes for pact on economic stimulus today
    433 14 Bloomberg Business News, Reuter, AP TOKYO Chief Cabinet Secretary Masayoshi Takcmura yesterday said the government hoped to announce its longawaited package of economic stimulus steps today. The package will include a six trillion yen (SsBB billion) tax cut, according to a
    Bloomberg Business News,; Reuter,; AP  -  433 words
  • Article, Illustration
    Lock icon Policewoman floors man trying to spray Prince Charles
    134 14 AFP, Reuter AUCKLAND A man, later identified as 58-year-old Catislav Bracanov, being led away by police after he tried to spray Britain's Prince Charles with an aerosol can during his visit to Auckland harbour yesterday. Constable Julie Becker, who stands at 1.62
    AFP,; Reuter  -  134 words
  • Article
    Lock icon National Front, PBS set for bruising battle
    322 14 Sabah election The Straits Times, Reuter KUALA LUMPUR Malaysia's ruling National Front coalition and a party running Sabah state yesterday set the stage for a bruising state election next week. At the close of nominations, the Front, which rules at Federal level, and
    The Straits Times,; Reuter  -  322 words
  • Article, Illustration
    Taking a leaf from HK's efforts to break into China
    609 14  -  The Bottom Line CATHERINE ONG CATHERINE ONG The writer is BT's Hongkong correspondent MARY WONG exemplifies the truth behind Senior Minister Lee Kuan Yew's statement that Singaporeans have much to learn from Hongkongcrs when it comes to getting business done.
    609 words
  • Article, Illustration
    Lock icon Ex-Apple chief quits Spectrum over accounting practices
    342 14 Bloomberg Business News, Reuter MANHASSET, New York John Sculley. the former chairman of Apple Computer Inc who joined little-known Spectrum Information Technologies last year, yesterday resigned as chairman and CEO of Spectrum with immediate effect. Mr Sculley said in a statement that he
    Bloomberg Business News,; Reuter  -  342 words
  • Article
    Lock icon Strike threat forces Ramos backdown on oil
    205 14 AFP MANILA Philippine President Fidel Ramos, backing down from the threat of a general strike, agreed yesterday to roll back oil prices temporarily and forged a "ceasefire" with protest leaders. It was not immediately clear if the concession was enough to convince labour,
    AFP  -  205 words
  • Article
    Lock icon Japan's three long-term credit banks to lift prime rate
    191 14 AFP. Reuter TOKYO Japan's three long-term credit banks plan to raise their long-term prime lending rate on Thursday by 0.3 percentage points to 3.8 per cent per annum, the Kyodo news agency reported yesterday. The increase, the first in eight months,
    AFP.; Reuter  -  191 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon Advance Synergy proposes rights, special issues
      357 15  -  By Joseph Rajendran SINGAPORE Malaysian firm Advance Synergy, which recently made a bewildering number of acquisitions from manufacturing to property to finance, yesterday proposed a one-for-five rights issue. A statement from Ferdana Merchant Bankers, acting on behalf of the firm, said 35.68 million shares
      Source: Bloomberg  -  357 words
    • Article
      General Securities Investments reports 215pc rise in net earnings
      352 15  -  By Soh Tiang Keng SINGAPORE General Securities Investments (GSI), the closed-end investment company of DBS Bank, last night announced a bumper year in 1993, with group net earnings leaping by 215 per cent to $4.8 million. In view of the company's
      352 words
    • Article
      Tuan Sing enters into two joint ventures with Shanghai firms
      232 15  -  By Lilian Ang SINGAPORE Tuan Sing Holdings is beefing up its presence in the Shanghai property market through two joint ventures with companies in the city's Min Hang district. The group, which has former politician Peter Sung at the helm,
      232 words
    • Article
      CCL injects $3m into Indo-China subsidiary
      197 15 SINGAPORE Motor distributor Cycle Carriage (CCL) has enlarged the capital of its wholly-owned subsidiary CCL Indo-China to $3.1 million. CCL told the Stock Exchange of Singapore yesterday that it had subscribed for 3.1 million ordinary SI shares in CCL Indo-China for cash at par.
      197 words
    • Article
      Subsidiary of IPC sets up distribution firm in HK
      140 15 SINGAPORE A subsidiary of local computer firm IPC has set up a company in Hongkong to distribute PCs and computer peripherals. The wholly owned subsidiary. Corex Technology, has set up Corex Technology Hongkong. which will focus on the colony and China
      140 words
    • Article
      Spooked by the Fed, markets ignore good news
      766 15  -  HOCK LOCKSIEW By S N Vasuki SINGAPORE "The Fed apparently came to the conclusion that it had to demonstrate to the public that it was alive," economist Milton Friedman said at the weekend. He was responding to the US Federal Reserve Board's
      766 words
    • Article
      Lock icon Petronas Dagangan IPO subscribed 28 times
      283 15 Bloomberg Business News KUALA LUMPUR The public offering of shares in Petronas Dagangan. retail arm of the state oil company, was oversubscribed 27.3 times, officials said. Shares sold in a tender fetched premiums of nearly 200 per cent, they added. Local and foreign investors
      Bloomberg Business News  -  283 words
    • Article
      Lock icon M'sians yet to grasp basics of investing, says Mahathir
      194 15 MBT KUALA LUMPUR While Malaysians are showing increasing confidence in securities. particularly reflected in the scramble for new share offerings, Prime Minister Mahathir Mohamad laments that they have yet to grasp the basics of the market. He worries that they are
      MBT  -  194 words
    • EYE on your STOCKS
      • Article, Illustration
        MARKET MOOD
        53 15 Mixed Ijook out for Dow Jones' overnight close .Market Mood indicates the likely trading sentiment today, based on brokers polled at 5-6pm yesterday. Overnight events mav alter sentiment. Brokers pttllcd: Alliance. Barings, ft/ma, Fraser, Kay Hian James Capei. Morgan Grenfell. Ongi o. Phillip. Smith New Court. Tat Lee.
        53 words
      • Article, Illustration
        HOT STOCK
        136 15  -  By Paul Leo Tan Chong Motor traded 7 cents below its previous day's low of $2.37. Further weakness can be expected from yesterday's close of $2.21. The 5-day moving average line is still below the 15-day moving average line, indicating that the correction since early January is still
        136 words
    • COMPANIES
      • COMPANY BRIEFS
        • Article
          Semcon clinches $42m Tampines deal
          75 16 SINGAPORE Sembawang Construction (Semcon), the construction arm of Sembawang Shipyard, announced yesterday that it had clinched a $41.6 million contract to build the superstructure of the proposed Century Square suburban shopping complex in Tampines. Semcon said it expects to complete the project in 11 months.
          75 words
        • Article
          Michael Fam goes on medical leave
          107 16 SINGAPORE Michael Fam. executive chairman of Fraser Neave Group and chairman of Asia Pacific Breweries, CarnaudMetalbox Asia and Centrcpoint Properties will be leaving this week for the US where he will receive medical treatment for cancer of the prostate. Mr Fam may be required
          107 words
        • Article
          Jurong Engineering's placement approved
          39 16 SINGAPORE The Stock Exchange of Singapore has granted in-principle approval for Jurong Engineering Ltd for its private placement of three million new ordinary shares of 50 cents each. The approval was obtained on Feb 4.
          39 words
        • Article
          Lock icon Another good year for Public Finance
          73 16 Bernama KUALA LUMPUR Public Finance Bhd recorded another profitable year last year with pre-tax profit up 33.5 per cent to M 561.01 million (5534.7 million) from M 545.7 million previously, its president, Teh Hong Piow, said yesterday. He said the earnings growth for the
          Bernama  -  73 words
        • Article
          Econ incorporates new subsidiary
          46 16 SINGAPORE Main-board listed Econ International Ltd has incorporated a wholly-owned subsidiary company, Econ Lanka Investments Pte Ltd, in Singapore. Econ Lanka, whose issued and paid-up capital is $2, will cairy on the business of general contracting and investment holding in Sri Lanka.
          46 words
        • Article
          Informatics in new joint venture
          68 16 SINGAPORE Sesdaq-listed Informatics, together with TS Management Pte Ltd (TSM), will set up a new joint venture called the Informatics Regional Applied Computing Centre. The centre will take over two existing TSM outfits: JP School of Computing, which conducts various computer training programmes in Singapore;
          68 words
        • Article
          Lock icon Mycom, Koperasi in Lamborghini deal
          52 16 Bernama KUALA LUMPUR Mycom Berhad's wholly-owned subsidiary, Mycom (BVI) Ltd and Koperasi Polis Dißaja (M) Bhd, have teamed up with Setiawan Djody, the principal owner of Setdco group, Indonesia, to jointly own 50 per cent equity interest in Automobili Lamborghini SPA, the Italian sports car
          Bernama  -  52 words
      • Article
        Lock icon Nomura recommends pulling out of Hongkong stocks
        429 16 Impact of US interest rates on Asian markets Bloomberg Business News HONGKONG Nomura Research Institute Europe has recommended against holding any Hongkong stocks. The securities research firm yesterday slashed the weighting of the Hongkong stock market in its model global equity portfolio from
        Bloomberg Business News  -  429 words
      • Article
        Lock icon Bombay stocks continue climbing as other Asian bourses slump
        431 16 Reuter BOMBAY Bombay stocks, ignoring the slump felt in other Asian markets after the US interest rate hike, rose 5.7 per cent yesterday, ahead of a budget expected to further liberalise the Indian economy. Prices on the Bombay Stock Exchange, India's
        Reuter  -  431 words
      • Article, Illustration
        Lock icon UMW pre-tax profit down 35.9pc
        323 16 Bernama KUALA LUMPUR UMW Holdings Berhad has reported a M 587.17 million (5549.7 million) group pre-tax profit for the year ended Dec 31, down 35.9 per cent from M$ 136.0 million registered in 1992. It is proposing a one-for-10 rights issue of up to 23,250,602
        Bernama  -  323 words
      • Article, Illustration
        Lock icon Thai index down 6.9pc in one of biggest single-day losses
        338 16  -  From Loh Hui Yin in BANGKOK PANICKY investors dumped shares yesterday to give the Thai stock market one of its biggest one-day losses after the US Federal Reserve Board tightened credit. Feverish selling from the start of trading slashed 99
        Source: Bloomberg  -  338 words
      • Article
        KLSE sheds 4.6pc amid panic over rates
        212 16  -  From Leslie Lopez in KUALA LUMPUR HOPES for a last-minute Lunar New Year rally were wiped out yesterday when shares plunged across the board on the Kuala Lumpur Stock Exchange in reaction to a rise in US interest rates. The KLSE Composite Index
        212 words
      • Article
        Lock icon George Town proposes rights issue to finance UMBC Sec shares
        298 16 Bernama KUALA LUMPUR George Town Holdings Bhd has proposed a two-for-one rights issue of 81,900,000 shares at an issue price of M 54.50 to finance its subscription of 45 per cent shareholding in UMBC Securities Sdn Bhd. In a statement
        Bernama  -  298 words
      • Article
        Goldtron to borrow $25m from bond market
        243 16 SINGAPORE Scsdaq-listcd Goldtron is borrowing Ss2s million over three years from the bond market. The company said yesterday the issue had been arranged by the Singapore branch of San Paolo Bank and was placed out to finance houses in Singapore. The news comes
        243 words
      • Article
        Industry volatility pushes Tonhow deeper into the red
        285 16 SINGAPORE Volatility in the computer, consumer and industrial electronics sectors pushed Tonhow Industries further into the red in the year to Dec 31. The Sesdaq-listed plastic parts and components maker reported a sharp increase in its net loss to Si.B9 million, from
        285 words
      • Article
        UNIT TRUSTS & FUNDS
        484 16 UNIT TRUSTS FUNDS Maw* **«•<$> Feb 8 UMB NlVCSt Mgt Ltd WiMw* llnit Tnict Unifund 1.52 I.SI unn inrei Umbond+ 1.02 1.05 The Commerce 1.79 88 United Cr Fund! 1.65 1.72 o™ nil «J> Un, l Aw Fund 1.95 2.05S pore Prog Fund 0.76 0 80 Spore Sec Fund I
        484 words
      • Article
        Lock icon Two big US chemical players in global oil industry tie-up
        327 17 Bernama KUALA LUMPUR Two American firms, one of them a division of Exxon Corporation, have signed a memorandum of understanding to form a worldwide energy chemicals joint venture. Under the MOU signed last Thursday in Houston, Nalco Chemical Company and
        Bernama  -  327 words
      • Article
        GM's Singapore unit to help group expand farther in China
        418 17  -  By Schutz Lee SINGAPORE A Singapore unit of General Motors is taking part in the US car maker's further expansion in China. One-month-old Delco Electronics Asia-Pacific (DEAP) and two other members of the GM group signed a US$3O-million (Ss47 million)
        418 words
      • Article
        Lock icon Kerry Group sets up joint venture in Fuzhou city
        165 17 Reuter BEIJING Robert Kuok's Kerry Group of Hongkong and the Hua Min Import and Export Corp of Fujian province are setting up a joint venture in Fuzhou city, the Fuzhou International Trade Centre, the Fujian Daily said. The centre has been
        Reuter  -  165 words
      • COMPANY BRIEFS
        • Article, Illustration
          Lock icon At the centre of a bribery charge
          43 17 AFP SEOUL Kim Taek Ki (centre), president of South Korea Automobile, was surrounded by reporters at the Seoul prosecutor's office before his arrest yesterday on charges of attempting to bribe members of the National Assembly. AFP
          AFP  -  43 words
        • Article
          Lock icon Emperor to invest HK$100m in China
          78 17 Bloomberg Business News HONGKONG Property and investment company Emperor International Holdings estimated that the group's investment in a joint venture project in China's Sichuan Province will only be HKSIOO million (5520.35 million). In a statement made at the request of the stock exchange, the
          Bloomberg Business News  -  78 words
        • Article
          Lock icon Mingly, unit to sell part of assets
          111 17 Bloomberg Business News HONGKONG Hongkong's Mingly Corp and its subsidiary HKR International are negotiating to sell a stake in HKR assets, the companies said in a statement. They did not identify the potential buyer. The two companies said they released the statement in
          Bloomberg Business News  -  111 words
        • Article
          Lock icon BASF buys ICI's business
          60 17 Reuter LUDWIGSHAFEN, Germany BASF said it will take over Imperial Chemical Industries pic's European polypropylene activities with effect from March I. The deal is subject to final management approval, the firm said in a statement. The purchase price was not disclosed. Both sides had agreed not
          Reuter  -  60 words
        • Article
          Lock icon Yamazaki Baking to buy restaurants
          71 17 Reuter TOKYO Yamazaki Baking Co Ltd said it or its 100 per cent US subsidiary Vie de France Bakery Yamazaki Inc will buy the restaurant section of Vie de France Corp (VdF) of the US for US$2O million (5531.8 million). The takeover, including the purchase
          Reuter  -  71 words
      • Article
        Lock icon National Petrochem to make listing debut on Thai exchange today
        394 17 Bloomberg Business News BANGKOK Shares in National Petrochemical pic (NPC), Thailand's sole producer of gas-based chemicals used in the manufacture of plastics, make their debut today on the Stock Exchange of Thailand. NPC shares have been trading at 55-60 baht
        Bloomberg Business News  -  394 words
      • Article
        China Bicycles poised for sharp sales rise after rights issue
        301 17 HONGKONG Shenzhen China Bicycles Company is poised for a dramatic jump in mainland sales following the first successful rights issue on the Shenzhen stock exchange, the Sunday Morning Post reported yesterday. "Mainland sales are expected to grow from 30 per
        301 words
      • Article
        Lock icon Sri Lanka's SEC tightens surveillance of stock market
        490 18 Reuter COLOMBO Sri Lanka's Securities and Exchange Commission (SEC) is tightening surveillance of Colombo's tiny but bullish stock market to prevent an increasing number of malpractices, a senior official yesterday. "In a growing market we have to tighten security," said the commission's
        Reuter  -  490 words
      • Article
        Lock icon NZ's Telecom Corp gets court's nod for share reduction plan
        237 18 Bloomberg Business News WELLINGTON The New Zealand High Court has issued an order allowing Telecom Corp to reduce its number of outstanding shares, as announced in a restructuring programme last July. 1 Under the programme, Telecom will cancel one share
        Bloomberg Business News  -  237 words
      • Article
        Lock icon Hanson's US unit lifts stake in Aussie coal miner to 43pc
        220 18 Bloomberg Business News SYDNEY Peabody Resources Ltd said it had acquired a further 15 per cent interest in the Warkworth Associates Joint Venture, which mines coal near the city of Newcastle. Peabody Resources is a wholly owned subsidiary of
        Bloomberg Business News  -  220 words
      • Article, Illustration
        Lock icon French firm wins A$176m Aussie air traffic contract
        383 18 AFP CANBERRA French-based company Thomson CSF was awarded a AS 176 million (S$ 198 million) contract to build a fully integrated national air trafTic management system for the Australian government. The deal was signed by Australian Civil Aviation Authority chief executive Doug
        AFP  -  383 words
      • Article
        Lock icon Franklin Resources shares gain favour as mutual fund play
        555 18 MARKHj NYT NEW YORK There are more ways than one to make money in mutual funds. One is to buy the stocks of publicly traded mutual fund companies. Now several analysts are looking favourably at shares of Franklin Resources, the world's
        NYT  -  555 words
      • Article
        Lock icon Tatung plans NT$2.7b plant to make LCDs
        202 18 Reuter TAIPEI Taiwan's Tatung Co said its 88.5 per centowned subsidiary Chung Hwa Picture Tubes Ltd would invest NTS 2.7 billion (SSI62 million) in building a factory to make advanced liquid crystal displays. Japan's Toshiba Corp would provide technical support to the project,
        Reuter  -  202 words
      • Article
        Lock icon Bell Canada will take part in Colombian network
        173 18 Reuter BOGOTA Colombian Communications Minister William Jaramillo yesterday said telecommunications company Bell Canada had reconfirmed its participation in a mixed consortium vying to operate one of the country's cellular telephone networks. He added the close of the tender offer for the network
        Reuter  -  173 words
    • FINANCE
      • Article
        Lock icon US swaps dealers concerned about Bill to set up commission
        447 19 FT LONDON A prominent US congressman is proposing a new agency to oversee US derivatives dealing, a move that some swaps dealers fear would inhibit the fast-growing industry. James Leach, the top Republican on the House banking committee, has introduced
        FT  -  447 words
      • Article
        Lock icon Money market unnerved by rumours of more Bank Negara tightening
        372 19 Knight-Ridder KUALA LUMPUR Malaysia's credit markets are set for activc trading this week as banks buy bonds and bills to meet a looming Feb 16 central bank deadline that requires them to increase their holdings of liquid assets. Rumours were
        Knight-Ridder  -  372 words
      • Article
        Lock icon HK interest rates headed up, but timing uncertain
        467 19 Reuter HONGKONG Interest rates in Hongkong will rise in the wake of the rate hike in the United States, although the timing is open to question, said economists yesterday. Interest rates in Hongkong have to parallel rates in the US as the
        Reuter  -  467 words
      • Article
        Batam estate developer taps market for $160m
        277 19  -  By Genevieve Cua SINGAPORE The developer of Batam Industrial Park is tapping the market for its third, and probably final, loan. The $160 million loan to PT Batamindo Investment Corp after previous loans of $125 million and $70 million is likely to be
        277 words
      • SMALL CHANGE
        • Article
          Lock icon Taiwan firms plan Swiss bond issues
          110 19 Knight-Riddcr TAIPEI Two Taiwanese companies, China Wire and Cable Co and Ornatubc Enterprise, plan to launch Swiss franc convertible bonds after the Chinese New Year holiday, a Swiss Bank Corp executive said yesterday. An executive at Omatube Enterprise, a steel plate manufacturer, said the
          Knight-Riddcr  -  110 words
        • Article
          Lock icon Deposits rise to 5.3b dinars in Kuwait
          94 19 Reuter KUWAIT Private sector deposits at commercial banks rose to 5.326 billion dinars at end-October from 5.282 billion at end-Sep, the central bank said. The rise was the outcome of a 6.6 per cent rise in foreign currency deposits and a 0.4 per
          Reuter  -  94 words
        • Article
          Lock icon Peregrine is Asian fund lead sponsor
          148 19 Reuter HONGKONG Investment bank Peregrine Investments Holdings Ltd says it is acting as lead sponsor for the launch of the Asian Infrastructure Fund. The fund would have core participation of affiliates of Soros Fund Management and Frank Russell Co. Peregrine said the International Finance
          Reuter  -  148 words
        • Article
          Lock icon First interest on Cagamas 11/93 bonds
          141 19 Bernama KUALA LUMPUR The national mortgage corporation, Cagamas Bhd. will pay the first interest on the Cagamas Bonds 11/93 issued on Aug 13, 1993 on Feb 17. Cagamas announced in a statement yesterday that under the Scripless Trading System (SSTS), the interest would be
          Bernama  -  141 words
        • Article
          Lock icon Morgan Stanley sets up African fund
          100 19 Reuter JOHANNESBURG US investment house Morgan Stanley has established a US$22B million (*****.2 million) fund to invest primarily in African securities, with South Africa the chief focus, its local banking adviser said. The Morgan Stanley Africa Investment Fund will be the first US registered
          Reuter  -  100 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon Australian miners make exciting gold find in W A
        383 20 Bloomberg Business News PERTH Australian mineral explorers Perilya Mines NL and Cove Mining NL say they have discovered an "encouraging" gold find in Western Australia near one of the nation's richest gold mines. The discovery is at Kanowna West, about 5
        Bloomberg Business News  -  383 words
      • Article
        Lock icon Sri Lanka rubber industry set to rebound
        601 20 Reuter COLOMBO Sri Lanka's rubber industry, hit by low productivity, high costs and slatic prices, will improve in 1994, analysts and brokers said yesterday. They attribute improvements to a shift from government to private management of rubber estates, and to the introduction of
        Reuter  -  601 words
      • Article, Illustration
        Lock icon Bank of England governor wants price stability at all costs
        367 20 Reuter LONDON Britain must secure price stability whatever the means, says Bank of England governor Eddie George, and central bank independence will simply be a vehicle for this. The primary issue is stability to achieve output and employment growth and
        Reuter  -  367 words
      • Article
        Lock icon Aussie wheat board plans new payment incentives to boost quality
        314 20 Knight-Ridder SYDNEY The Australian Wheat Board will revamp its grower payment system for next season in a bid to lift grain protein levels and enhance other quality characteristics. The AWB is likely to announce a reformed price structure soon with
        Knight-Ridder  -  314 words
      • Article
        Lock icon Insurer offers three-in-one package to home loan borrowers
        380 20 Bernama KUALA LUMPUR ArabMalaysian Eagle Assurance Bhd has introduced an integrated product for borrowers of housing loan packages which include a life insurance policy and a retirement fund. The insurance wing of the Arab-Malaysian group here yesterday signed a tripartite mortgage endowment
        Bernama  -  380 words
      • Article
        Lock icon Tokyo banks likely to extend write-off period for bad loans
        211 20 AFP TOKYO Japanese banks arc likely to adopt a gradual approach to writing off bad loans, stretching the write-off period to as long as 10 years for the worst affected banks. Standard and Poor's Asia Ltd said yesterday. "The fact
        AFP  -  211 words
      • Article, Illustration
        Banque Indosuez REGIONAL CURRENCY REPORT
        161 20 THE USS opened higher across the board yesterday morning, having gathered ground on Friday night as the US Federal Reserve announced a quarter per cent hike in the Fed funds rate. This move, while widely anticipated, came sooner than expected and was a key in
        161 words
      • Article
        Lock icon London
        206 20 Bloomberg Business News LONDON The dollar ended little changed against the deutschemark in Europe as concern the Bundesbank may intervene to stabilise its currency by selling dollars for marks prevented it from extending Friday's rally. The dollar, recently trading at 1.76 marks, is almost half a pfennig lower than
        Bloomberg Business News  -  206 words
      • Article
        Lock icon Gulf states need foreign help for oil expansion
        199 20 AFP ABU DHABI Gulf Arab states will have to seek loans or foreign partners to boost their oil production capacity because of a cash shortage, experts said yesterday. Their cofTers have emptied bccausc of weak crudc priccs and growing dcfcncc spending. The
        AFP  -  199 words
      • Article
        Lock icon New York
        84 20 AFP NEW YORK The dollar consolidated much of its strong gains against other major currencies yesterday after the quarter-point hike on Friday on short-term interest rates that banks charge each other. At 9:45 am, the greenback traded at 1.7610 German marks against 1.7585 on Friday. It traded at
        AFP  -  84 words
      • Article, Illustration
        Untitled
        1638 20 Trade-netthied index calculated axatnst S'pore't lop 14 trading partners Base year 198* US$/S$ forward rates Noon Feb 7 ss Bid Oder 1-month 1.5904 1 5919 2-month 1 5908 1.5923 3-month ***** 1.5930 6-month 1.5933 1.5953 Sourxr OCBC Source: OCBC FOREIGN CURRENCY NOTE RATES As at 10m m Feb 7: Singapore
        1,638 words
    • COMMODITIES & FUTURES
      • Article
        Lock icon Eurodollars end firmer, Euroyen weaker
        1329 21 SIMEX REPORT Reuter SINGAPORE Simex Eurodollar interest rate futures ended firmer yesterday against their Friday IMM close in a spate of late shortcovering, dealers said. The lead March contract ended at 96.41 against 96.39 on the IMM previously on a total of 13,695 lots traded.
        Reuter  -  1,329 words
      • Article
        KL tin ends 20 sen lower
        602 21 COMMODITY REPORTS Tin MALAYSIAN tin reversed last week's upward trend and closed 20 sen lower at MS 14.55 a kg yesterday mainly in line with a weaker London market last Friday. Traders said initial high offers also contributed to the easier tonne. Traders noted
        602 words
      • KNIGHT-RIDDER COMMODITY SUMMARY
        • Article
          China Jan-Nov cereals imports down
          83 21 TOKYO China imported 110,000 tonnes of cereals and cereal flour in November 1993, bringing January-November imports to 6.33 million tonnes, down 43.3 per cent from January-Novem-ber 1992, according to China's official external trade statistics. Wheat imports comprised 70.000 tonnes of the November import total and
          83 words
        • Article
          India's edible oil trading seen thin
          86 21 NEW DELHI Trading on India's wholesale vegetable oil market is expected to be thin this week because oil extractors see prevailing prices as unattractive, traders said. Growers are quoting higher prices for their seeds in contrast to oil and meal prices in the wholesale
          86 words
        • Article
          Aluminium seen trading around US$60
          102 21 SYDNEY Aluminium prices are seen see-sawing in a US$6O-a-tonne range ahead of the next round of multilateral trade talks on Feb 28, according to metals traders here. An immediate move by Alcoa of Australia to trim output by 25,000 tonnes in Victoria and Comalco's cut
          102 words
        • Article
          Japan stainless steel sheet orders down
          70 21 TOKYO Japan's orders for stainless steel sheet totaled 1.26 million tonnes in 1993, down 6.2 per cent from a year before, according to figures released by the Stainless Steel Association yesterday December orders alone totaled 95.768 tonnes, down 15.5 per cent from the same
          70 words
    • Article
      COMMODITY PRICES
      1567 21 Rubber MS Cswmodtty Exdiango (futures closing as at lpni) RSS 1 Contract (S ccnts/kg) Close Volume Open Month High Low Sell (tonnes) Interest Mar 94 135.50 135.50 137.25 875 3.125 Apr 139.50 137.00 139.50 2450 5.000 Mav 142.00 138.75 141.25 700 6.925 Jun 143.00 139.75 142.25 450 6.100
      1,567 words
    • REGIONAL STOCK MARKETS
      • Article
        Untitled
        433 22 Taipei F«fc 7 n V«l Aua Cement 6100 0 SO 4070 AB Sincere Ind 2.70 unch 1046 China Chemical 3400 -0 30 1233 China W«t* Cable 57 00 inch 3773 Cathay CcaMr 62 00 I 00 7JI6 Chtaa Develop 140 00 900 ***** Cm/en Fund 11(5 0 10 ***** China
        433 words
      • Article
        Australia
        1209 22 -51.7 Australian shares lost more than 2 per cent in value yesterday as investors reacted nervously to an interest rate hike in the United States. The market's key barometer, the All Ordinaries Index, closed at 2,281.1, 51.7 points or 2.2 per cent below Friday's finish. The All Industrials Index,
        1,209 words
      • Article
        Manila
        628 22 -74.44 Philippine share prices fell by more than 2 per cent yesterday, pulled down by a plunge in the Dow Jones and regional stock markets, analysts said. The composite price index at the Manila Stock Exchange declined 74.44 points, or 2.5 per cent, to close at 2,890.94, while the
        628 words
      • Article
        Seoul
        461 22 -27.72 South Korean stock prices plummeted under the weight of the government's new cooling measures, as foreign investors, already snarled in a maze of regulations, turned away from the bourse. The index dived 27.72 points to close at 914.88, shedding 2.9 per cent, in the steepest slide since August.
        461 words
      • Article
        New Zealand
        277 22 -47.74 New Zealand's NZSE-40 capital share index ended 47.74 points (1.98 per cent) down at 2,365.50 in response to Wall Street's sharp fall on Friday, brokers said. Local issues, after falling almost 50 points at the opening, rallied about 20 points at midmorning before a similarly weak opening
        277 words
      • Article
        Bombay
        76 22 +226.92 Stock prices in after hours kerb deals edged up further on sustained buying and brokers predicted a further rise today. During the official trading session, lower trading volumes combined with all-round buying pressure sent share prices surging and the Bombay Stock Exchange (BSE) 30-share index closed at 4,144.49,
        76 words
    • WORLD STOCK MARKETS
      • Article
        Untitled
        690 22 Britannia Funds Stcrliac Cm* Bid Offer Mim Cap Dntosil 3S MOO 31 6500 Mim Jenev Gill O IIO 0 1912 MimMu Income ***** I.I 100 LS$ Cash Income Plus Fund *10 J WO *10 ttOO PS t Reserve Fund 3 2400 5 2500 Sterling E^aity Euro Performance .0.4592 0 44)1
        690 words
      • Article
        London
        579 22 -56.3 British shares closed sharply lower yesterday but were well above early lows prompted by Friday's Wall Street slide following the Federal Reserve's marginal tightening of US short-term interest rates on Friday. The FTSE 100 index closed down 56.3 points at 3,419.1. London Feb 7 Pe«c« Industrials Aigyll 2)3
        579 words
      • Article
        Paris
        111 22 -42.11 French shares halved their morning losses after Wall Street held steady and then went slightly positive. The CAC-40 index ended down 42.11, or 1.81 per cent, at 2,287.06. Volume was over five billion francs. Paris F«b 7 Fr A.r-LKju.dc M: 00 -2200 Alcatel Anahom 744 00 -I9 00
        111 words
      • Article
        Stockholm
        158 22 -33.01 Swedish share prices slipped 2.7 per cent in reaction to a slump in share prices worldwide following the US Federal Reserve's move to raise short-term interest rates. Shares plunged to an intraday low of 1,174.76 on the blue- chip OMX index, but picked up in late trading to
        158 words
      • Article
        Frankfurt
        178 22 -58.85 The DAX index closed 2.75 per cent lower, with share prices just above session lows, hit by the Fed rate rise, dwindling German rate cut hopes and uncertainty about US markets. The DAX index closed at 2,079.40. down 58.85 points on the day and down 64.5 points from
        178 words
      • Article
        Brussels
        192 22 -1.64 Belgian stocks recovered almost all of their sharp opening losses by the close, with sentiment boosted first by a central bank rate cut and then by Wall Street's ability to limit losses yesterday after Friday's plunge. The Bcl-20 index finished 1.64 points, or 0.11 per cent lower at
        192 words
      • Article
        Milan
        118 22 -1.35 pc Shares closed above lows with a flurry of short-cover-ing seen in the closing minutes. Although the underlying tone of the market remains good, brokers said the short-term performance was heavily dependent on what happens elsewhere, particularly on Wall street. The Mibtel ended down 1.35 per cent at
        118 words
      • Article
        Amsterdam
        282 22 -8.67 Dutch shares recouped some of their earlier sharp losses as Wall Street opened steady after a steep fall on Friday which led to big falls in world markets. The 24-share AEX index closed 8.67 points or nearly 2 per cent lower at a session high of 428.43 after
        282 words
      • Article
        Zurich
        293 22 -47.67 Swiss shares recouped some of their earlier losses, after the feared steep declines on Wall Street failed to materialize in early New York business. Dealers said trading volume had been heavy as there was widespread fear that Wall Street could extend last Friday's slide and pull other markets
        293 words
      • Article
        Johannesburg
        279 22 -83 Shares followed world markets lower on the Johannesburg Stock Exchange yesterday, dealers said, with a weaker bullion price steepening the slide. The industrial index shed 83 points to 5,739 after a 100 point gain on Friday. The gold index was 71 points lower at 1,944 and the overall
        279 words
      • Article
        Toronto
        286 22 +9.79 Toronto stocks were mixed at midday yesterday as gains in financial services and conglomerates offset losses in precious metals and communications. Traders said Friday's angst over a tighter US monetary policy appeared to be subsiding. "Unless you were living under a rock for the last six months, you
        286 words
      • Article
        New York
        759 22 +9.01 The Dow Jones industrial average, which plunged 96.24 points last Friday, was ahead 9.01 points to 3,880.43 at 11 am EST yesterday. The blue-chip indicator was down 11 points shortly after the market opened. A big gain in Dow component IBM helped boost the key barometer. IBM,
        759 words
    • Article, Illustration
      Lock icon HONGKONG
      3063 23 Reuter HONGKONG Stocks closed shaiply lower due to a rise in US interest rates as local investors joined overseas institutions in a selling spree, brokers said. The Hang Seng Index plunged 743.30 points or 6.11 per cent to 11,414.27. It was the market's second biggest drop this year. "The
      Reuter; Source: Bridge Info  -  3,063 words
    • Article, Illustration
      Lock icon TOKYO
      2513 23 Reuter TOKYO Stocks ended sharply lower, with the Nikkei Average just ofT the day's low in quiet trade yesterday. Investors waited for a long-awaited economic stimulus package and the resolution of political turmoil within the ruling coalition, brokers said. The benchmark Nikkei 225 Average managed to hold just above
      Reuter; Source: Bridge Info  -  2,513 words
    • Article, Illustration
      Lock icon BANGKOK
      1878 23 Reuter BANGKOK The SET index ended 99 points, or 6.86 per cent, lower at 1,344.81 as sentiment soured on news of an increase in US interest rates, with investors at the end of the day waiting to see what would happen on Wall Street overnight, brokers said. Turnover was
      Reuter; Source: Bridge Info  -  1,878 words
    • Article, Illustration
      Lock icon JAKARTA
      1141 23 Reuter JAKARTA Share prices closed down in moderate trading as the approaching Chinese New Year left the market with no fresh impetus, brokers said. The Composite Index ended 7.71 points lower at 594.12. A broker said Jakarta's market had followed regional markets down yesterday because of an increase in
      Reuter; Source: Bridge Info  -  1,141 words
    • Article
      CLOB INTERNATIONAL
      2506 24 Faber Group ia134.000 Kamuming 50c 9.252,000 Rcnong Bhd 50c 9.129.000 CASH 50c 6.018.000 Idro Hyd 50c S.791.000 Promet 5,2 71,000 Johan Hldgs 50c 4,188.000 Innovcst Bhd 3.827.000 AMDB 50c 3,754.000 Lien Hoe TSR97 3.725.000 Muiptia I ml 50c 3.713.000 Tan C hong 50c 3.421.000 Muh i-Purpose 3.045.000 MQgTACTM-tltfft
      2,506 words
    • KUALA LUMPUR STOCK EXCHANGE
      • Article, Illustration
        Lock icon Shares fall in reaction to Dow's weakening
        5446 24 Bernama KUALA LUMPUR Share prices tumbled across the board in nervous trading yesterday as the local bourse reacted to a steep fall on Wall Street last Friday. However, light bargain-hunting was seen slowing down the decline ahead of the close, leading the prices
        Bernama; Source: Bridge Info  -  5,446 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        7018 25 MAIN BOARD Transaction date: Feb 7 Gr Or 1993/94 Last Vol Day l «M Quotf IX» Dl« VW Nrt M ty High Low Company Sale (0001 High Lo«. Buyer Seller S t"*r S P/E *mil INDUSTRIAL AND COMMERCIAL 1440 260 I Acma 1200 -30 60 1230 1180 1190 1200 12.5
        7,018 words
      • Article, Illustration
        Lock icon Prices hurt by Wall Street's negative sentiment
        1802 26  -  By Paul Leo SINGAPORE Local stocks fell across the board yesterday in reaction to the plunge on Wall Street last Friday. The Stock Exchange of Singapore benchmark, the Straits Times Industrials Index, opened sharply lower at 2,299.34 before recouping some of its losses
        Charts by Bridge Info; Source: Bloomberg  -  1,802 words
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      Page 15 Advertisements Column 1
      183 15 NEWS VALUE How today s news might affect your stocks Tumble in regional markets (Pg I) a possible overnight Dow Jones rally might see prices recover in Asian markets. MRCB's Msl.6b electricity contract (Pg i) Renewed interest in MRCB expected. Eisisr trading with CPF funds (Pg I) Positive for S'pore
      183 words
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      483 16 BUSINESS TIMES TOLL-FREE TEL No. 1-800-741-1883 FAX:74I-1296 THE AYER MOLEK RUBBER COMPANY BERHAD (Incorporated in Malaysia) NOTICE OF MEETING NOTICE IS HEREBY GIVEN That the Seventy-Ninth Annual General Meeting of Ihe Company will be held at the registered office No. 22 (Upper floor of No. 20). Jalan Hang Jebat, *****
      483 words
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      Page 16 Advertisements Column 2
      6 16 Dividends table has been held over
      6 words
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      1141 17 GENERAL SECURITIES INVESTMENTS LIMITED (Incorporated in the Ropubic of Singapore) The Board of Directors of General Securities Investments Limited wishes to make the following announcement: UNAUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 1993 Company Group Year ended Incr/ Year ended Incrl 31.12.93 31.12.92 (Deer) 31.12.93 31.12.92 (Deer) SS'OOO SS'OOO
      1,141 words
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      Page 18 Advertisements Column 1
      115 18 r This announcement appears as a matter of record only /£Z\ it *1 tk (TILITAT lee finance limited (Incorporated in the Republic of Singapore) 5540,000,000 3.625 PER CENT. UNSECURED BONDS DUE 1999 5520,000,000 TRANSFERABLE LOAN FACILITY AND 18,000,000 WARRANTS Arranged and Lead Managed by NDC MERCHANT BANK LTD Lender under
      115 words
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      Page 18 Advertisements Column 2
      99 18 BUSINESS TIMES TOLL —FREE TEL. No. 1-800-741-1883 FA X 741 -1 298 KEPPEL FINANCE LIMITED (IncarparaM m tM Ihpytte of Singapore) ANNOUNCEMENT Pursuant to Article 23(4) of the Articles of Association ol the Company. I is hereby announced that from declarations received by the Company trom the shareholders and trom
      99 words
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      Page 18 Advertisements Column 3
      118 18 jp RECEIVERSHIP SALE Leasehold industrial land and buildings at no. 13 Tuas Ave 14, Site area: 4603 sq.m. Built up floor area of 1862 sq.m, comprising of workshops and office. Rental of the property may also be considered. Offers are also invited for the sale of the following equipment: CNC
      118 words
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      Page 19 Advertisements Column 1
      366 19 NOTICE NOTICE IS HEREBY GIVEN that, I Fiona Loh May Yin of 156 Joo Chiat Terrace #01-03, Singapore 1542, have applied for a Ist Class Public House (Extended) Licence in respect of premises at M/s Dada Entertainment Pte Ltd at 79A, 798 Boat Quay Singapore 0104, and that this application
      366 words
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      Page 19 Advertisements Column 2
      740 19 TOLL-FREE TEL. No. 1-800-741-1883 FAX:74I-1298 Xy.v NOTICE IS HEREBY GIVEN that. I Ng Chcc Seng of Apt Blk 172 Bishan St 13 #06-89 Singapore 2057, have applied for a Retail Liquor Shop Licence in respect of premises at M/S Chop Eng Huat at No. 118 Desker Road Singapore 0820, and
      740 words
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      Page 19 Advertisements Column 3
      404 19 WIN FIT MERCANTILE CO (S) PTE LTD (In Members' Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, (Chapter 50) that a Final General Meeting of the Members of the abovenamcd company will be held at 6001 Beach Road #11 -02
      404 words
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      Page 19 Advertisements Column 4
      328 19 IN THE MATTE* Of THE COMPANIES ACT CHAPTER 54 AND IN THE MATTER OF HOOWAH MANUFACTURING COMPANY PRIVATE LIMITED (h II I I-V >H rj lljMieam) NOTICE OF SPECIAL RESOLUTIONS (paiaaaat to Sccboa 290(1) (b)) At «a Extraordiaary Geaeral Medial of ike Compaay daly coeveeed aad held at I<-B New
      328 words
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      265 21 __B_U_S INESS TIMES TOLL-FREE TEL. No. 1-600-741-1883 FAX74I-1298 NOTICE IS HEREBY GIVEN that, I Lee Chye Huat of Block 221, Bt Batok East Ave 3 #10-166 Singapore 2356, have applied for a Wholesale Licence in respect of premises at M/S United Product Pte Ltd at 418 Telok Blangah Road Singapore
      265 words
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      Page 21 Advertisements Column 2
      46 21 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead.The Kuala Lumpur market was closed yesterday 7t~ •i 737-1166 Business heats up A when you make the Jsxj^T call and v?p* place an CA.T.S. ad. 737-H66
      46 words
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      46 22 SINGAPORE Business Times WF. KNOW ASIA Address: Mail or fax this form to: p osta l Code: Customer Relations Section Circulation Department Singapore Press Holdings Limited 82 Genting Lane Occupation: Fax: SyKmmSSESiaSSBS^K^BsW News Centre Singapore 1334 m Tel: 1800-749 2577 Fax 744 4875 Tel: (O) (H)
      46 words
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      Page 23 Advertisements Column 1
      89 23 HOW TO FLY FIRST CLASS, WITHOUT Eggjl FLYING FIRST CLASS. The China market was closed for the Chinese New Year. Trading will resume on Feb 14. f I-P only my boss would 1 I respond -bo these ads... A —Ik Any job. Any Career. IE-- available ANY DAY. Any Time,
      89 words
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      94 25 MM ovtfl9s mflfion cards koMsnd^ ww WW §tm VII %HIH HMBWIM over AmJ 2ft uam m &M "IS nanas. am »|row «c«,» axli M 300,M0M L, tMf L n t |TU e /'V s rov'vi oot mi whou world 55_^B IN row HANDS. wotwwhk JJjg^gggggJj Dont miss AFTER 51 Your
      94 words
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      235 26 -mcv r\ ,\qvj j «%«cVfte Beijing, China 10)704 Arthaloka Building, Ground Fir N^ 0 ,ce^ SU Fax: *****01 H^H rWM VVX \S\V>Shanghai: 537 Yanan Rd (M) 9 Shibaura 2-Chome Minato-ku Jakarta ***** ==9 Shanghai, China *****0 V bnitaura Z cnome, Minato ku Te *****161 Fax *****79 A Tel :*****4, Fax:
      235 words
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  • Shipping Times
    • Article
      Sinsov moves into shipowning with Russian, Indian partners
      375 27  -  By Rahita Elias SINGAPORE Singapore Soviet Shipping Co, the local agent fbr ships of the former Soviet Union, has moved into shipowning. The company, which is 50 per cent owned by listed United Industrial Corp, has joined forces with two other shipping
      375 words
    • Article, Illustration
      CMA to join 3 FE-Med conferences
      303 27 SINGAPORE French carrier Compagnie Maritime d'Affretement has confirmed it will join three conferences on the Far East-Mediterranean route. The Marseilles-based line will join the eastbound Medi-terranean-Far East Conference (Medfec), which includes trade to Japan, and the newly organised westbound Japan-Mediter-ranean conference, a CMA statement
      303 words
    • Article
      Lock icon Australia urged to set up shipping watchdog
      369 27 Lloyd's List SYDNEY An eagerly awaited official investigation has recommended a significant extension of Australia's regulatory powers over liner shipping companies and has urged increased shippers' rights. The report, released by Transport Minister Laurie Brereton, proposes that the government establishes a Liner Cargo
      Lloyd's List  -  369 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      837 27 Page Col ABC Containerline 12 5 Accord Group 8 1-3 Ahrenkiel 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
      837 words
    • Article
      Lock icon Canada port strike talks break down again
      221 27 Reuter VANCOUVER A second round of talks aimed at ending a strike that has closed Canada's west coast ports for nine days collapsed on Sunday, negotiators said. A first round of talks organised by a federal mediator broke down last Thursday. But Labour
      Reuter  -  221 words
    • Article
      Mitsui OSK to put bigger ship on Australia-S'pore-P Klang service
      139 27 SYDNEY Japan's Mitsui OSK Lines will increase its capacity on weekly sailings from Australia to Singapore and Port Klang with the introduction of a new vessel from Thursday. The ship now being used. Libra Australia, can carry the equivalent of
      139 words
    • Article
      Lock icon Low rates forcing VLCCs operating out of Gulf to resort to lay-up
      433 27 Lloyd's List LONDON Spot charter rates for very large crude carriers operating out of the Persian Gulf have approached levels where lay-up has become a realistic option to trading. Brokers believe owners are considering mothballing parts of their
      Lloyd's List  -  433 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        545 28 Voy Wo Berth Arrival Departure Vessel Voy No Bertti Armai Departure Jurong Port Elegant Pec 2 P096 08 02/0300 0902/0600 Baca Long VI 01/94 17 alongside 0802,1800 Etona SC264C 08KB* P01A 0802/1100 08.02/1400 Batam 8aru 8302 )1 alongside 08.02/2300 Equator Giar 83 4E P03 0802/1000 0902/0600 Chipmunk
        545 words
      • Article
        CONTAINER SCHEDULES
        1500 28 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Bookinj/Balance Rifts Ship Voy No Etb/Btr Period From To From to Soar 104A 09/1500 2 07/1700 08/0659 08/0900 3 08/0700 08/1159 08/1400 4 08/1200 08/1459 08/1700 Amh *****N 09/0700 1 07/1500
        1,500 words
    • Article
      THE SHIPPING GUIDE
      9596 36 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
      9,596 words
    • Article
      SHIPPING AGENTS
      3371 41 A X ontainerline NV: Bclsin Shpg .jgencics Pte Ltd (SVMannc Handling Sdn Bhd (PK/PN). Accord Croup: Accord Shpg Pte Ltd (SVAccord Contr Line (PK/PN). Adkris Business Corporation Philippine: Cal source Shpg A Trdg Pte Ltd (S) Ahrenkiel Liner Service: Kim Shpg A Trdg (S). Albatros Sen-Air Service: Frata
      3,371 words
    • Article
      COURIER SERVICES
      273 41 Abacus Couriers Td: 545-8011. Fax: 545-1898. Air Express Travel Td: 533-5771. Fax: 535-6144. Airborne Freight Corporation Td: 542-8844. Fax: 542-3716. *****80. Airswift Worldwide Courier Td: 278-0188. Fax: 273-8283. AJS Supplies Td: 748-6322 (2 lines), 747-7421. Fax: 742-8975. Citv-Link International Td: 344-3377. Fax: 345-6450. Cluster Link Supplies A Services
      273 words
    • Article
      AIR FORWARDERS
      1479 41 Abex Express Freight Td: 542-7171. Fax: *****84. Actinic Forwarder Td: 225-1833. Fax: *****42. Activair Singapore Td: 542-7821 Fax: *****20. Aeroiink Freight International Td: 545-8033. Fax: *****05 Aerospeed Td: 542-5911. Fax: *****18. Air Cargo Novo Express Td: 542-5454 Fax: *****06. Air Express Interaatioaal Td: 542-7666. Fax: *****74. *****50. Ak
      1,479 words
    • Article
      PORT CONDITIONS
      2406 42 ALBANIA Durres: Four vessels in port discharging of which 2 bulk wheat, 1 bagged foodstuff, 1 tobacco, no vessels in roads. ARGENTINA Suite Fe: No vessels berthed, none in roads, max draft 18 ft 8 ins. Diamante: No vessels berthed, no vessels in roads, max draft 18 ft
      2,406 words
    • Article
      AIR FREIGHT SCHEDULE
      566 42 ARRIVALS DEPARTURES Op Right Type ETA T From Op Flight Type ETD T To TODAY TODAY NCA KZ203 B747F 0145 1 NRT SIA SQ802 B747F 0230 2 SYD/AKL KAL KE697 B747F 0150 I SEL NCA KZ204 B747F 0335 1 BKK/NRT JAL JL617 B747F 0345 I TYO KAL
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    • Article
      Lock icon SHIP SALES & TANKER RATES
      919 42 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  -  919 words
    • Article
      CRUISE & FERRY SCHEDULES
      519 42 CRUISE FERRY SCHEDULES CRUISE SHIPS Air Dtp Name of Vesici ETA ETD Ports of Calls Port Agcat Telephone No, JANUARY •i 21 21 Renaissance 1 1000 1900 Cruise to Nowhere Lines Intl Holdings 224-2763"* 21 21 Leisure World 1000 2015 Jakarta Sin Lauw Sons Travel 227-828# Port Klang *T 21
      519 words
    • Article
      COCKETT BUNKER MARKET REPORT
      906 43 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 arc indicated. The Cockett Bunker Price Index change and
      906 words
    • Article
      TRANSPORT DIARY
      478 43 COURSES Title: Standard Trading Conditions (SDF 70%) Duration: Feb 22 Apr S Organiser: Singapore Freight Forwarders Association Tel: For more information contact SFFA Secretariat at 2i3-7550 or fax: 253-2303. Title: Effective Written Communication in Shipping Management (SDF 50%) Duration: Feb 22 Apr 26 Organiser: Singapore National dipping Association
      478 words
    • Article
      DAILY FREIGHTS
      2127 43 THE Baltic Freight Index for spot dry cargo shipping rates fell to 1,187 on Friday from 1,189 on Feb 3. There appears to be a glimmer of hope for a rise in rates for capesize tonnage in the Far East and Pacific area, brokers said. Rates have generally
      2,127 words
    • Article, Illustration
      Lock icon Should carriers subsidise exports?
      836 44 As the Trans-Atlantic Agreement and other freight conferences come under scrutiny, questions have been raised about the logic behind Europe's competition policy International Transport Journal Should the transport industry subsidise overseas exports? AH who believe in the principle of a market economy will give an indignantly
      International Transport Journal  -  836 words
    • AIR AND LAND TRANSPORT NEWS
      • Article, Illustration
        Lock icon Cahill set to quit after 21 months as BAe chairman
        384 46 FT LONDON British Aerospace was expected to confirm yesterday that John Cahill, its chairman for just 21 months, will leave the company in April. It is thought that the company has prepared for Mr Cahill's departure as executive chairman by
        FT  -  384 words
      • Article
        Lock icon Honda threatens to cut ties with Rover over BMW deal
        442 46 Reuter, AFP LONDON Japan's Honda car company has threatened to pull out of its partnership with Britain's Rover if the firm loses its British status following its sale to BMW. Honda president and chief executive Nobuhiko Kawamoto told BBC television
        Reuter,; AFP  -  442 words
      • Article
        Lock icon Dasa chief urges stronger cooperation in European aerospace
        361 46 Reuter MUNICH Juergen Schrempp, chairman of Germany's Deutsche Aerospace AG (Dasa), called on Sunday for Europe's aerospace and defence industries to consolidate in order to become equal partners with the US in future. Mr Schrempp, whose company is a subsidiary of German
        Reuter  -  361 words
      • Article, Illustration
        Lock icon Inadequate rail network cost China 500b yuan last year: report
        350 46 AFP BEIJING The failure of China's backward rail sector to meet the demands of rapid economic growth cost the country nearly 500 billion yuan (Ss9l billion) last year as transport bottlenecks worsened, it was reported yesterday. With just 54,000 km
        AFP  -  350 words
      • Article
        Lock icon Union may go ahead with UPS strike despite US court order
        257 46 Knight-Ridder WASHINGTON The Teamsters union said last Saturday it had not abandoned plans to strike United Parcel Service yesterday over an increase in the maximum weight of packages, despite a court restraining order. The Teamsters were threatening to strike
        Knight-Ridder  -  257 words
      • Article
        Lock icon PAL seeks two-year deferment of Airbus orders
        226 46 AFP MANILA Philippine Airlines (PAL) wants a two-year deferment of its order for two Airbus A-340-200 jets due for delivery next month because it is not ready to operate the aircraft, company officials said yesterday. "The crew is not yet ready," said a
        AFP  -  226 words
      • LOG BOOK
        • Article
          Lock icon ANA to freeze recruitment in 1995
          82 46 AFP TOKYO Japan's All Nippon Airways Co (ANA) has decided to virtually suspend hiring of new graduates in 1995, the Nikkei said yesterday. The business newspaper said ANA plans to cut its workforce by 14 per cent to 12,000 in three to four years.
          AFP  -  82 words
        • Article
          Lock icon Israel relaxes airline competition rules
          105 46 AP JERUSALEM The Israeli government voted on Sunday to lift price restrictions and let foreign airlines compete more freely with the national carrier El Al. The measures going into effect March 1 will cancel the minimal US$25 (SS4O) in taxes levied for ticket purchases, the
          AP  -  105 words
        • Article
          Lock icon Philippine barge sinks, 13 missing
          67 46 AP ILIGAN, Philippines A barge carrying thousands of bags of cement and a tug that was pulling it sank in rough seas in the central Philippines, leaving 13 crewmen missing, the tug's skipper said yesterday. Three other crewmen were rescued. Francisco Odo told reporters the
          AP  -  67 words
        • Article
          Lock icon Airlines in Nigeria withdraw decision
          94 46 AFP LAGOS Foreign airlines operating in Nigeria have rescinded a decision to sell flight tickets in foreign currencies. Deputy Minister of Transport and Aviation Aremu Yahaya said. The board of foreign airline representatives has met and issued a circular directing its members to sell tickets
          AFP  -  94 words
        • Article
          Lock icon Calcutta's transport workers on strike
          96 46 Reuter CALCUTTA Most of Calcutta's transport operators stopped work yesterday to demand higher fares to offset a rise in fuel prices, crippling India's biggest city. Most private operators went on strike after the government raised petrol prices by about 6 per cent and diesel rates
          Reuter  -  96 words
      • Article
        Lock icon King opens final stretch of M'sian North-South Highway
        239 46 Bernama TAPAH, Malaysia The Yang di-Pertuan Agong, Sultan Azlan Shah, opened the TapahGopeng stretch of the NorthSouth Highway yesterday, making the 847.7-km road fully open to traffic. The 30.3-km Tapah-Go-peng stretch, built in three segments Tapah to Sahom, Sahom to Gunung Tempurung.
        Bernama  -  239 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1333 46 c*i am eta nm no_ Aha Dfcabi GA893 1655 GA974 2325 GA984 2340 AMaMa QF81 1930 QF82 2050 SQ228 2105 Aantardaai KL844 0535 KL837 1540 KL838 2300 GA893 1655 GA974 2325 SQ26 2355 Atfcaw SQ348 2250 Aaddaad NZ35 1425 SQ288 2045 SQ286 2035 NZ36 2235 Bahraiw
        1,333 words
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      21 27 If you want it thereJl yesterday, Hy H with us today M I Mentor ASM jf 9 I GRIFFIN KINETIC *****331
      21 words
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      Page 27 Advertisements Column 2
      28 27 Ums m 4 mtvlc«s r*pr«MatMl Mirtin «f Mm Registry «f Accredited [fffMViV SMmlm Anate. lint worn Hithwl SMd- Kzw^Mtl pteg"/UsodattMi Fa advertising enquiries, contact Shipping Tines: Tel 740-2089/740-2090
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      Page 27 Advertisements Column 3
      208 27 j^m+Rr M R FORWARDING PTE LTD WEEKLY CONSOL TO EUROPE CALLOOOOOOO Should carriers subsidise exports? Pg 18 Cahill set to quit after 21 months as BAe chairman, Back Pg ASIAN k AER^SPACE'94 A BT special supplement i February 22,1994 The world's aerospace industry has flown through rough weather lately. Pinched
      208 words
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      409 28 TSKLINE AGENCIES (S) PTE. LTD. |WT|l Tel: 226-3363 JL I Jl\r Fax: 226-1972/3 \J«frr/ Tlx: RS *****/TSKSIN. TOKYO SENPAKU KAISHA, LTD. CR No: **********0N I <*■!■» y 11, m K' 'Mxt ill IH> m fK— ACX LOTUS QMS **07.02 »*M 02 0102 11.82 15.02 1712 22.02 22.02 23 02 24.02
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      Page 28 Advertisements Column 2
      1293 28 JOB JBL— r a m m mi mm trm 04wm rwar nam* iuxmw* intir man l5Fj CALIFORNIA LUNA V*3 HO 7 ***** 33 1 3 17|23 23 S3 l_ MM 1 *PTWt CYPRW VOCt ***** S3 1.3 13 113 13 13 13 13 133 «0 «0K 01 00S« MPT H2
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      1786 29 OOCL (S) PTE LTD JARDtNE SHIPPING AGENCIES *****42 TEL: *****13 FAX: *****42 PfTAUNG IMYA,TEL 01.*****76 F^<^7s6KM2 DOCUMENTATION TEL: *****55 (INWARD)/*****90 (OUTWARD) J*ENANG TEL *****4 FAX 626M1 CFS TEL *****6 H. BOOKINGS TEL: *****80 *****81/ *****82 3^«-.->«* /r>owc» CFS (PSA F5) TEL: *****21/ *****79 f it? n7 ?J«to CUSTOMER SVC TEL:
      1,786 words
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      Page 29 Advertisements Column 2
      1905 29 ■□Bsmaa U. S. A. /CANADA 3 TIMES A WEEK EUROPEAN SENATOR V. 9404 ETA SIN 14TH FEB 94 MADISON MAERSK V. 9404 ETA SIN 15TH FEB 94 MAERSK TACOMA V. 9404 ETA SIN 16TH FEB 94 VMM voy ETA ETD FmcKtM by 1 destinations Thu owe* MADISON MAERSK VMM CV
      1,905 words
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      1495 30 AQABA R OAM/1 [I ALSO ACCEPTING FROM VESSEL VOV NO SPORE JEDOAH (VIA JED) S TON H'BURG A WERP HAVRE wBCT UAI iveil _ELBE 20/105 W2 26/2 1/3 27/2 Port Kelang, Penang HANNOVER EXPRESS 16/305 12/2 21/2 27/2 2/3 5/3 7/3 9/3 Paslr Gudang THAMES 21/106 16/2 5/3 8/3 6/3
      1,495 words
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      Page 30 Advertisements Column 2
      562 30 If ■Hi FCL Break bulk Service to: AFGHANISTAN M&M Afghanistan Ltd., Sole Foreign Forwarder in Kabul for aJt services C.I.S.- Vostochny, Vladivostok, Moscow, Tashkent, Kiev, Minsk, Riga, Baku, Irkutsk, Alma Ata North Korea Vietnam e Mongolia t Hungary CSFR e Poland FULL CONTAINER SERVICE TO NORTH/WEST AFRICA FEEDER VESSEL ETA
      562 words
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      Page 30 Advertisements Column 3
      748 30 I norasTa! I NORASU At OMITA2AH 9405-3 13/02 05/03 08/03 09/03 09/03 10/03 11/83 12/03 13/03 14/83 1 I SEA CAVAUER 406* 17/02 03/82 11/03 13/03 13/03 14/03 15/03 16/03 17/03 18/83 I I NORASU SAMANTHA 9407-3 23/82 18/83 23/83 24/83 26/03 21/03 22/03 23/03 24/03 25/03 'I 03/03__23/03_ 26/03
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      1709 31 H STRAITS SHIPPING PTE LTD 10 Ho« Chiang Road #11-01 Keppel Towers Singaporo 0208 Tol: *****88 Fax: *****17 new guinea pacific une miiaWHAUAIiaHiUIIIMIUUyiUyaH cjTQBK <a service of china navigation CO) CARGO DUE SAILS OMr RAJAH BROOKE VO4E Muni 08 Fab FCL, LCL CONTAINER AND BMAKBULK SERVICE TO PAPUA NEW GUINEA
      1,709 words
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      Page 31 Advertisements Column 2
      2779 31 < SINGAPORE AGENT: P&O Containers (Singapore Agencies) Pte Ltd 1 M 431\ w VjUllLCllllCX d 10 Hoe Chiang Road #07-01 Keppal Towers. Singapore 0208 ■H' T\ WW- W Tel: 225 2233 Telex: RS ***** PNOCSP Fax: 225 5327/222 7517 W CR Number: **********0Z EXPORT IMPORT VESSEL VOV -PWO -PKQ 6M
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      583 32 *****avOOOO^^^^^ EKA JAYA AGENCIES V||r TEL: *****22 (8 LINES) FAX: *****05 SALES REPRESENTATIVES IN CHARGE WE WISH ALL OUR CUSTOMERS A HAPPY AND PROSPEROUS LUNAR NEW YEAR TO MYANMAR/YANGON SEMI CONTAINER SERVICE jjjijgg!/' M OCEANLINES HSI/WY stout TBN 2»/2 5/3 13/3 YANQON GEN. AGENT: MYANMAR MARINE CO LTD TEL: (95)
      583 words
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      Page 32 Advertisements Column 2
      1574 32 HANJIN SHIPPING BOOKING TEL:- *****35-237 OPERATION TEL: *****41-253 SALES TEL:- *****22-233 DOCUMENT TEL: *****71-275 FOR VSI SM IMC HAUL Sf A YVR POX FOR Wl SM 11* HAUL SAV KM NYC HANJM ROTTERDAM 02SE 11/2 MtECT 3/3 5/3 S/3 HANJM ROTTERDAM 02» 11/2 M EUROTE 012 C 17/3 11/3 20/3
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      Page 32 Advertisements Column 3
      1526 32 JJJ T I w ist ut u «i os Kt sw no iu t« mi m ini m mi iw w n at w v I l GUAM «Oft 1/2 10/2 14/2 lt/2 It/2 21/2 22/2 24/2 25/2 27/2 2t/2 10/3 23/3 25/3 2C/1 5/4 t/4 7/4 1/4 J/4 IJ/4
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      2474 33 II sex: 'CALIFORNIA LUNA 63E' eta sgp 09/02/94 H II II ARRIVING LOS ANGELES 26/02/94 IN 16 DAYS HI I] II aex:'NEPTUNE PEARL 13E'ETA SGP 10/02/94 II S ARRIVING NEW YORK 06/03/94 IN 23 DAYS HI EXPORT TO: PSW/PNW SINGAPORE CALIFORNIA EXPRESS (SCX) TO: USWC US BULF MIDWEST USEC CANADA
      2,474 words
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      Page 33 Advertisements Column 2
      1219 33 I A I MULTILINE SHIPPING PTE LTD ■V (a member of SMSOV Group) CR NO: **********0 C ENQUIRIES: *****33 BOOKINGS: *****64, *****51, *****31, *****13 BALTIC: INWARD *****97 OUTWARD *****10 T/S *****10 A BLASCO: INWARD *****65 OUTWARD *****28 T/S *****46 FESCO: BOOKINGS *****06 DOC *****07 MARINE INSURANCE: *****87 INVENTORY: *****59 AGENTS:
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      1651 34 44 _i ft AS AGENTS: LME (SINGAPORE) PTE LTD (01 No: **********0 M) TEL: *****77 TELEX: KAWAKI R*****5 FAX: *****16/7/8/9 I T MALAYSIA: T* LINE MAR (TIME (MALAYSIA) SON IHO U TEL: SA *****00 PK *****75 PEN *****0 JB *****1 PGU *****5/6 1 INDONESIA: P.T. SARANA LAUTINTERNUSA. TEL: JKT *****08
      1,651 words
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      Page 34 Advertisements Column 2
      1113 34 Ap p H H p CONVENTIONAL A INDEPENDENT LINER SERVICE EUROPE TO SOUTH EAST ASIA ANO FAR EAST VESSELS LOADING PORTS DBCHMGE/LOMNNC FOR VAMJY MATUZENKO 09 10.94 UNISON ANTWERP 5.2.94 3.3.94 MZHCNER PARKHONYUK TARRAGONA 21.2.94 18.3.94 KOALA CONTAINER LINE STORE FIX HAM ROT LEH OKK CS AUSTRALIA/08 OS/02 05/03 06/03
      1,113 words
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      Page 35 Advertisements Column 1
      984 35 I PACIFIC INTERNATIONAL LINES (PTE) LTD] J 140 Cecil Street> #03 PIL Building. Singapore 0106. CR NO: 100f*****000E I !1 88EL VOY SIN CMS JIB JED AQJ AOE HOC PZU ASA I W- 52 TA WJAB37 18/2 24/2 2/3 4/3 8/3 3/3 7/3 11/2 I K OTA BERK AT BKTOO7
      984 words
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      Page 35 Advertisements Column 2
      1039 35 OU *0T 5 HAMBURG ROTTERDAM MO WW THAMES U HARVE AOAM ABRAHAM 7132W 00/02 02/01 04/03 05/03 00/03 >7/03 tokio cxress mzm 00/02 04/03 00/03 03/03 00/03 09/03 HAWSA CAREER 7332W 10/02 13/03 15/03 10/03 17/03 11/03 WLLf Dt CARHA 7032W 77/02 11/03 70/03 21/03 22/03 73/03 •AISO ACCCPIM CAftGO
      1,039 words
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      Page 35 Advertisements Column 3
      393 35 BSfl ii. Wm MYANMA pBHk FIVE STAR LINE (Myanmar National Line) Loading for Yanfon (Rangoon) Sport P.KIg Pan P.Gdf LASHN) Vl64* 7/1 Fab HP* AN V 199W 16/18 Ftto PAGAN V2O6W 17/19 Frt> MAUTSM AGENTS BOUSTIAO SHPP9K AGENCES KU. TEL 03-*****00 PRL: TEL 03 36M767 KM: TU 04 *****5 PCD;
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      911 38 :!,]){+"@-^"),:^{@{_,%%[->|:+,. /&IMORBULftv I NORBULK cargo services ltd. 1 I REGULAR CONVENTIONAL I I TIMBER AND PLYWOOD SERVICES EUR YDICE 12/2 ROT/ANT/UK 1 TRIA 25/2 NAN/FLU/ANT/UK I ISP PK LOADING FOR I NOR BULK TBN 28/2 DBN/CT/EL I ALSO LOADS T6 MANI ANO KK I PK SWK/SABAH LOADING FOR NORBULK NAMIR
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      Page 38 Advertisements Column 2
      200 38 TO AUSTRALIA/NEW ZEALAND ("*5 S*i Frflan MHb «wdT| f oI«5r" MMIIM 11 323 14/2 21/2 2t/2 175 575 173 J C. KMIIC 124 TIT 11/1 1*73 1»/I 24/3 27/J AIITWCftftN 325 22/3 tiT 11/4 IS/4 l«/ 4 rum Nunc I» itTi 17/4 22/4 H/i 57i i/5 VM MJCKIAMD TO USA/CANADA
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      640 39 FAMOUS CONTAINER LINES 10 ANSON RD. #15-21 INTERNATIONAL PLAZA, S'PORE 0207 HOT LINE: *****33 (24 LINES) GOTHENBURG/SCAN 14/2 ROTTERDAM 14/2 AARHUS/COPENHAGEN 14/2 HAMBURG/BREMEN 14/2 MARSEILLE/FRANCE 9/2 FEUXSTOWE/UK 14/2 BARCELONA/SPAIN 14/2 LEHAVRE/FRANCE 14/2 GENOA/ITALY 14/2 ANTWERP/BELGIUM 14/2 LOS ANGELES/WC/IPI 13/2 SYDNEY/MELBOURNE 10/2 NEW YORK/EC 16/2 FREMANTLE/ADELAIDE 10/2 VANCOUVER 16/2 BRISBANE 15/2
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      Page 39 Advertisements Column 2
      1660 39 -I— vessel VOY g PF* RH WAMA BHUM 214S IHS_ 12/2 fj BUNQA SEROJA 4025 Thu 10/2 St I 12/2 B§] VESSEL VOY SIN BKK BHATRA BHUM 188 St 12/2 Wod 1M THAHA WW ISN Fh 11/2~ Sun 13/2 Rg| XETHA BHUM 34N Tw In PI ~Fri 11/2 WANA BHUM
      1,660 words
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      1634 40 UV /emrnm 8«U (064) *****6 KUCHING (062) *****3 PENANG: (04) *****6 BANGKOK (662) *****67 MAMLA (632) *****61 P.KELANQ: (03) *****77 JAKARTA: (21) *****07 BURABAYA: (31) *****0 HKG/TWN/BKK I GENOA/EUROPE PEN PKL SIN 5 SAILINGS/WEEK PEN PK SIN 5 13/1 14/1 15/1 Hone Kon| Genoa/Barcelona 12/2 13/2 14/2 15/2 16/1 17/1
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      Page 40 Advertisements Column 2
      178 40 SEAWARD SHIPPING AND TRADING CO (S) PTE LTD ut n* n* SPQK KM KEIMC PEMNC ■.If MH lt/2 Lo«Jkvj toe Mate RUVN HUDHU 2S/2 Osctwpnj and Loadni to» Bomtuf DOLPHA 16/2 Loadmf Fof Malt ram SUPRUK 27/2 loading fo» Mate UMWEDH 14/2 Loaiknf For Mate NtOGHS UOEITT 15/2 Loading tot
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      Page 40 Advertisements Column 3
      1059 40 M THONG SOON UNES PTE LTD I 78 SHENTON WAY #10-01, SINGAPORE 0207 I I TEL: 227-5088 FAX: 227-6011 I I Jgr JJ J y TLX: RS ***** CARRER, RS ***** JENHOL CABLE: TOSOCO I SINGAPORE TO SARAWAK KISSEL vor S PORE D 57 VESSEL VOT S PORE DCST EQUATOR
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      24 43 STRAIGHT TALK You shouldn't have to read between the lines to get the full picture. Companies Markets. Everyday. \antfout Business Times WE KNOW ASA
      24 words
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      Page 43 Advertisements Column 2
      42 43 FACTORY f CAFETERIA, |V\gybe got chance,-this I h 1 Any Job. Any Career. Available Any Day. Any Time. Anywhere. The Straits Times The Sunday Times Business Times The new Paper LIANHE ZAOBAO LIANHE WANBAO SHIN MIN DAILY NEWS BERITA HARIAN BERITA MINGGU
      42 words
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      328 44 J. VIGOUR PACIFIC LINES VESSEL VOYAGE SINGAPORE MANILA I VIGOUR PACffIC 9407N 11/02/94 19 02/94 9407 AN 14/02/94 19/02/94 EVERY VIGOUR SINGAPORE 9408* 18/02/94 26/02/94 I FRID Y AND MOND Y viGow "wwfofo |(t^ CQNTAINERSERVICE VESSEL VOYAGE 1 SINGAPORE PORT KLANG PENANG SINGAPORE VIGOUR PACIFIC 9407N 11/02/94 13/02/94 14/02/94 PENANG
      328 words
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      Page 44 Advertisements Column 2
      239 44 ..=(\;==^%}}`]&@&?:{"~]~/+<(=)& TITIMAS SHIPPING W TRADING SDN. BHD. KELANG (03>36*0455 (H/Lmm) Fil: 03-*****63 Tte: MA 3MIS TISITA VESSELS VOY P KLANG PORT OF DESTINATION TRANSBULK 3/»4 15/2/94 KUCHING/SIBU SENG LEONO 3/94 21/2/9* KUOHNG HUA HONG SATU 2/94 25/2/94 K KINABALU/MUARA I SUTRA 3/94 26/2/94 KUCHING/S4BU Jfif PINESEAS MARITIME PTE LTD VESSEL
      239 words
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      Page 44 Advertisements Column 3
      230 44 i. cosco UKC CONVENTIONAL SERVICE VESSEL PKL PNG P.O. LOADING FOR: A VESSEL 28/02 Rotterdam/Antwerp CHINA COHVEMTIOHAL SERVICE VESSEL PKL PNG P.O. LOADING FOR: A VESSEL 15/02 20/02 Huangpu/Guang2hou COSCO FULL CONTAINER SERVICES (FCL/FCL) EXPORT TO: CMNA/B AMGK OK/HONGK OHG EUROPE/CONTINENTAL WEST MEDITERRANEAN AUSTRALIA US WEST COAST PERSIAN GULF/KARACHI Please
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  • Page 44 Miscellaneous
    • Miscellaneous
      Page 44 Miscellaneous Column 1
      681 44 TODAY'S TIDES (hejflt in metres) HOW 0000 0100 0200 0300 0400 0500 0600 0700 0100 0900 1000 1100 1200 1300 1400 1500 1600 1700 1100 1900 2000 2100 2200 2311 2.1 1.1 1.5 1.4 1.3 1.4 1.7 2.1 2.5 2J 2.1 2.7 27 1.9 1.4 1.0 0.7 0.5 0.5 0.7
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      Page 45 Advertisements Column 1
      994 45 I HYUNDAI I MERCHANT MARINE CO. LTD. WESTBOUND TO EUROPE BKG: *****61 VESSELS VOY PNA PKE PGP VESSELS VOY SIN RTM ANT' LEH' HAM Bttt PEL HMM ADVANCE 037 A 07/01 08/02 10/02 H. PIONEER 307W 16/02 04/03 04/03 07/03 06/03 06/03 OS/03 NOR MALACCA 9407 A 14/01 15/02 17/02
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      Page 45 Advertisements Column 2
      489 45 STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS INBOUND VESSELS VtSttl HOT SP N IK U MIKt MOM 141 l/l It 2 mmci»i ill n/2 COSMIC TUMI 143 If/2 21 J SMMAI I2S PT Mill Mil IM PT 1/2 IMSMM *37 13/2 23/2 OUTBOUND VESSELS LOADINC TOKYO DALIA ROJA
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      Page 45 Advertisements Column 3
      944 45 ttSStl VOT ISWETA/P IIAX OAK ICH 1 DAL I MEM/COL I HQU NYC I NOR MACK MAC BMPGE 74A 10-11/02 27/02 01/03 02/03 03/03 03/03 04/03 04/03 05/03 ALLIGATOR PRttE 49A 17 11/02 06/03 M/ 03 M/ 03 10/03 10/03 11/03 11/03 12/03 GEORGE WASWCTON BR 76A 24-25/02 13/03 15/03
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      Page 46 Advertisements Column 1
      66 46 ANALYSIS I Tomorrow in Business Times M.V. "CAMLY D" VOY.2 Arrived 2nd February 1994 Consignees of all damaged carjoei a the captioned vessel are hereby notified that a general survey will be held on the 9th February 1994 0900 -1200 hows at FT 10. No further survey will be entertained
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      Page 46 Advertisements Column 2
      6 46 f~ ANALYSIS Tomorrow in Business Times
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