The Business Times, 17 February 1994

Total Pages: 46
1 46 The Business Times
  • 12 1 Business Times WE KNOW ASIA MITA(F) 010/12/93 Thursday February 17 1994 75*
    12 words
  • 2am LATEST
    • 33 1 Reuter NEW YORK Wall Street stocks yesterday remained in positive territory at midday. At Ipm EST, the Dow Jones industrial average was up 3.6 points at 3,931.87. Rcutcr
      Reuter  -  33 words
    • 58 1 Reuter WASHINGTON US Commerce Secretary Ron Brown last night said the United States was pressing Saudi Arabia to purchase telecommunications equipment from American Telephone and Telegraph Co in what he said could be a US$4 billion (556.3 billion) deal. Talks arc underway on Saudi
      Reuter  -  58 words
  • 161 1 Stock market indices Wednesday Change STII 2.341.38 +11.85 KLSEComp 1.081.13 -6.08 Nikkei 19.052.11 +77.51 Hang Seng 10.634.14 -378.19 SET Index 1.429.11 +15.14 Jakarta Comp 574.8 -7.9 CLSA China B ....1.214.28 +6.35 Aust All Ord 2.249.0 +15 FTSE 100 3.417.7 +24.5 Wednesday Previous I pm close Dow Jones 3,931.87
    161 words
  • 542 1  -  US fires first shot in trade dispute with Japan From Leon Hadar in WASHINGTON AN ANGRY US Trade Representative Mickey Kantor yesterday accused Japan of violating a 1989 trade agreement and launched a set of trade sanction proceedings over a dispute with Tokyo
    542 words
  • 542 1  -  From Anthony Rowley in TOKYO JAPAN yesterday rejected US claims that it had violated a market-access accord on cellular telephones and vowed to take the matter before the global trade forum, Gatt. if the US starts retaliatory action. The Japanese government's
    542 words
  • 241 1 Tenaga and Telekom SINGAPORE Regional bourses closed mixed yesterday, with the Japanese and Singapore markets gaining ground and the Hongkong and Malaysian markets declining. The Japanese stock market rebounded after two days of losses on hopes that the yen
    Tenaga and Telekom  -  241 words
  • 103 1 Bloomberg Business News BEIJING China's trade deficit reachcd US$9OO million <Ssl.4 billion) last month due lately to a 42.3 per cent jump in imports, the official China News Scrvicc reported. Electronic goods and raw materials contributed most to the rise in imports over the previous
    Bloomberg Business News  -  103 words
  • 320 1  -  By Abdul Hadhi SINGAPORE Premiums for March's Certificates of Entitlement have fallen across the board. Car dealers and distributors attributed the drop to poor demand. A distributor said: "Orders are not coming in and demand has been terrible. As more COEs are
    Compiled by BT  -  320 words
  • 392 1  -  By Anna Teo SINGAPORE Despite lower growth in income tax revenue last year, total takings of the Inland Revenue Authority of Singapore (IRAS) amounted to 510.3 billion about Si.3 billion or 15 per cent more than in 1992. The increase
    392 words
  • 189 1 Bloomberg Business News Bernama KUALA LUMPUR The ringgit yesterday fell to its lowest level against the US dollar in nearly three years after Bank Negara raised costs for banks that accept foreign funds. The move, announced after trading hours on Tuesday, took
    Bloomberg Business News; Bernama  -  189 words
  • Page 1 Advertisements
    • 178 1 bßurberrys A J/ I ®#K Reigns when it pours XXXXH<X.Xx><X**■* X X X X CONTENTS Srrr Regional News 3,4 Financial 19.20 World News 6 Futures Markets Analysis 13 000/iaSE. S£S 24 26 Editorial 12 Regional 22 Sports 7 World TV'Lifestyte 9 Currencies 20 Law 11 Stmex/Comnx) 20.21 Stffescriptiwi Tel 1800
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    • 11 1 k JjJ Law: Px 11 Time to nurture our own silks
      11 words
    • 31 1 Hock Lock Siew: pb is Is copyright suit the least of Azlech's woe& Editorial, Pg 12 US may have more to lose if it applies Super 301 to Japan, Pg 6
      31 words
    • 37 1 ttom Line: p g 14 THelnfrastructural poser r^CERRUTI^BM pBiK-J lunette _s__£z^4M Full reports. Pages 22-26 Ringgit trading dries up after Bank Negara squeeze, Pg 19 he I fc 1 n l s ast world, fate the challenge
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  • SINGAPORE NEWS
    • EYE on the ECONOMY
      • 251 2  -  By Rahita Elias SINGAPORE'S air cargo industry ended 1993 on a high note, chalking up 21 per cent year-on-year growth in December. Changi Airport handled 80,000 tonnes of air freight during the month. The December increase was far above the average monthly growth rate of
        Source: CAAS  -  251 words
    • 454 2  -  By Schutz Lee SINGAPORE'S non-oil domestic exports, expressed in real prices, grew by a mere 4 per cent in December, because they came up against the high base of the previous December. December's showing for non-oil domestic exports was thus sharply down
      454 words
    • 333 2  -  By Anna Teo SINGAPORE'S risk rating has improved despite a slight rise in domestic economic risks. Political and Economic Risk Consultancy says in its latest analysis. The Republic's lower overall risk rating is due largely to better external economic conditions, reflecting its
      333 words
    • 118 2 THE Consumers Association of Singapore is conducting a survey of supermarkets and wet markets to monitor the prices of a range of items before and after the introduction of the Goods and Services Tax on April I. Case hopes the survey will help consumers
      118 words
    • 283 2 LOCAL newspapers should strive to give an Asian view of Asia and rely less on Western sources, a top newspaper executive said yesterday. The editor-in-chief of Singapore Press Holdings' English/Malay newspapers division. Cheong Yip Seng, said at the group's annual awards
      283 words
    • 296 2 "KEEPING it between the Thais" yesterday won journalist Paul Ong of Business Times the Headline of the Year at the 1993 Straits Times Group Annual Awards. The headline that appeared in last March 30's Business Times was apt for a cheeky story of
      296 words
  • Page 2 Advertisements
    • 117 2 Epson Makes Business A Pleasure. EPSON MAXIMISE YOUR GAINS It I lu|iu v i 1 .111 jfl Ij j ■Hi 111 RH Successful executives possess an innate ability T J to identify opportunities in a competitive world A In Singapore they choose the 245-room r- L^Ut^T^"? Meiia at Scotts, recognising
      117 words
    • 150 2 ASTUTE INVESTORS Investing on fundamentals H punting for a quick profit it pays to know about a company before your mm mm H Company Spotlight lets you gen HL H up on four hot stocks. It gives: Basic information about company, including its position over several years. Recent and significant
      150 words

  • SOUTH-EAST ASIA
    • 314 3 AFP KUALA LUMPUR The world's first commercial plant to convert natural gas into transport fuel will be fully operational next month in Sarawak. officials of Dutch oil giant Shell, which is leading the joint venture, said yesterday. The MS2 billion (551.14
      AFP  -  314 words
    • 256 3 Reuter JAKARTA A powerful earthquake measuring at least 6.5 on the Richter scale killed at least 131 people and injured nearly 1.000 in a mountainous area of Sumatra yesterday, a regional official said. Nearly 24 hours after the quake struck, details from
      Reuter  -  256 words
    • 73 3 Reuter CLARK AIR BASE, Philippines Smoke rising from the boiling water in this aerial view of Mount Pinatubo crater in Zambales, north of Manila, yesterday. A total of 161 high frequency quakes rocked the volcano on Tuesday, along with four
      Reuter  -  73 words
    • 301 3 AFP MANILA The Philippines yesterday sold half its holdings in top power retailer Manila Electric Co (Meralco) to a state-run pension fund for U*****.71 million (*****.58 million) and vowed further divestment from the corporate sector to cut its budget deficit. Under the
      AFP  -  301 words
    • ASIA NOTES
      • 62 3 Reuter NEW DELHI India and Pakistan. locked in a furious slanging match over Kashmir amid worries over their growing nuclear prowess, will send representatives to China next week for rare peace talks, diplomats said yesterday. They said the talks billed as unofficial "for
        Reuter  -  62 words
      • 67 3 AFP HANOI Vietnamese sculptor Diem Phung Thi speaking at a press conference on Tuesday to announce the opening of a "Diem Phung Thi exhibition house" next week in the city of Hue, Vietnam's former imperial capital and her birthplace. Ms Thi, who has lived in France for
        AFP  -  67 words
      • 78 3 AFP TOKYO Japan's industrial output in December shrank 1.9 per cent from November and was also down 4.4 per cent from a year earlier, the international trade and industry ministry said in a revised report yesterday. The report marked a downward revision from preliminary figures
        AFP  -  78 words
      • 62 3 AFP NEW DELHI Indian Prime Minister P V Narasimha Rao is planning to induct new faces and drop a few ministers in a long-awaited Cabinet reshuffle, two newspapers reported yesterday. The Cabinet changes are expected before parliament begins its annual budget session on Feb 21,
        AFP  -  62 words
      • 66 3 AFP KUALA LUMPUR Germany is seeking the support of Asean for its bid for a non-permanent seat in the UN security council. State Minister for Foreign Affairs Ursula Sailer-Albring said yesterday. Germany was confident of securing Malaysia's endorsement for the UN seat, said
        AFP  -  66 words
      • 54 3 AFP ISLAMABAD Prime Minister Benazir Bhutto projected on Tuesday a 700 billion rupee (Ss37 billion) investment in power generation over the coming years to meet Pakistan's shortfall of 2,000 MW of electricity. The public sector would invest 300 billion rupees, she said in a televised
        AFP  -  54 words
    • 260 3 AFP PHNOM PENH Vietnamese Foreign Minister Nguyen Manh Cam has agreed in principle to discuss the controversial issue of border demarcation between Vietnam and Cambodia, Foreign Minister Prince Norodom Sirivudh said yesterday. "We agreed with each other about the mechanism, the
      AFP  -  260 words
    • 282 3 JAKARTA The government will amend tax regulations to improve the fairness of the country's tax collcction system, the Jakarta Post reported yesterday. Director-Gcneral of Tax Fuad Bawazicr said the draft of the tax amendment will be submitted to the House of Representatives (DPR)
      282 words
    • 432 3 AFP KENINGAU, Malaysia As strained ties between Sabah and Kuala Lumpur take another battering ahead of the polls at the end of this week, an aspiring legislator just out from jail pledged yesterday to repair his state's relations with
      AFP  -  432 words
    • 300 3 Reuter AFP JAKARTA Indonesia said yesterday it would investigate a state-run bank. PT Bank Pembangunan Indonesia (Bapindo). following allegations of a US$43O million (***** million) credit scandal. A senior bank official has also been detained for questioning. "The attorney-general has received an agrceipent from
      Reuter; AFP  -  300 words
  • Page 3 Advertisements
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      217 words

  • REST OF ASIA
    • CHINA WATCH
      • 60 4 Reuter BEIJING China's finance minister will head the national tax department while its former chief, Jin Xin, will be demoted to the position of deputy head. The Xinhua news agency said yesterday that Liu Zhongli would concurrently become director of the State General Administration
        Reuter  -  60 words
      • 55 4 AFP BEIJING Shandong has become the first Chinese province to issue its own regulations governing employment conditions for workers in foreign-funded enterprises. The China Daily said yesterday the move by the eastern province followed a series of highly-publicised cases involving foreign-funded firms exploiting Chinese workers and ignoring
        AFP  -  55 words
      • Article, Illustration
        49 4 AFP TAIPEI A man making some last-minute adjustments to his dog-shaped lantern for an upcoming lantern show at the Kuan Tu Temple here yesterday. About 300 lanterns will be displayed during the month-long exhibition starting tomorrow to mark the Lantern Festival, which falls on Feb 24. AFP
        AFP  -  49 words
      • 63 4 Reuter HONGKONG Hongkong would introduce two new mobile phone licences operating on a higher frequency by the end of this year under a plan being considered by the government. Growth in the territory's mobile telecommunications industry has been so strong that current cellular operators
        Reuter  -  63 words
      • 80 4 AFP BEIJING China's trade in processing imported raw materials for export soared 13.4 per cent to US$BO.6 billion (S$ 129 billion) last year, accounting for more than 40 per cent of total foreign trade, the China Daily said yesterday. The trade has boomed in China's eastern coastal
        AFP  -  80 words
      • 67 4 AFP TAIPEI Taiwan's highest-level government watchdog group censured the cabinet and the Taipei city government on Tuesday for failing to supervise the scandal-plagued rapid transit system. The transportation committee of the Control Yuan, the government's watchdog group, also resolved in a meeting to censure the Department of
        AFP  -  67 words
      • 48 4 Reuter HONGKONG Hongkong's re-exports jumped 19.1 percent to HK$B23 billion (Ssl69 billion) in 1993 over the previous year. Census and Statistics department figures showed. China, Hongkong's largest re-export market, accounted for HK$727 billion, or 88 per cent of total re-exports in value terms. Reuter
        Reuter  -  48 words
      • 66 4 AP TAIPEI Taiwan yesterday announced the formation of an "economic corps" modelled on the US Peace Corps to share its business know-how with developing countries. It said Indonesia, Vietnam, and the Philippines would be the first beneficiaries. The corps's basic structure has been decided and details will
        AP  -  66 words
    • 390 4 Bloomberg Business News BEIJING Chinese Premier Li Peng says the government plans to prescribe more fast growth for the economy in its annual report to Parliament next month, state television reported yesterday. It said that in presenting an outline of
      Bloomberg Business News  -  390 words
    • 359 4  -  Investment by Japanese components maker Murata will be significant: STIC consortium By Genevieve Cua SINGAPORE A joint-ven-ture industrial park being developed by a Singapore consortium in Wuxi, China, signed up its first tenant yesterday components maker Murata Mfg Co of Japan. Murata's investment
      359 words
    • 126 4 AFP BEIJING Zhang Jinghua, 64, smiling at his tiny companion that brought him a little red flag during an afternoon. training session yesterday. Mr Zhang keeps more than 2,000 birds at his two-room apartment. When the sun is out and the air is warm which is
      AFP  -  126 words
    • 369 4 Reuter BEIJING Consumers continued their spending spree in January, partly because they feared their money would lose its value with official forecasts that inflation will not fall this year. The Market newspaper said retail sales across China last month were 119.22 billion yuan
      Reuter  -  369 words
    • 448 4 Reuter TOKYO Japan yesterday reported yet another surge in its bitterly contentious trade surplus, but economists said tbe trend would soon be reversed. Tokyo's customs-cleared trade surplus with the world ballooned to USS6.II billion (SS9.B billion) in January, up from U555.22
      Reuter  -  448 words
    • 444 4 Reuter NEW DELHI India's tyre industry, fighting a slowgrowth domestic market, says it hopes to boost exports by more than 21 per cent in the current financial year, mostly to the United States and Gulf markets. "The industry should export tyres worth
      Reuter  -  444 words
    • 246 4 AFP, Reuter TOKYO A series of economic stimulus measures are lifting the Japanese economy out of recession. Finance Minister Hirohisa Fujii said in a policy speech yesterday. "The economy still remains in a severe situation," he told the House of Representatives
      AFP,; Reuter  -  246 words
    • 314 4 AFP SEOUL Foreign investors yesterday welcomed South Korea's decision to allow its local firms to sell more issues abroad this year, but called for a wholesale removal of restrictions on them. Officials said the Ministry of Finance (MOF) would
      AFP  -  314 words
  • Page 4 Advertisements
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      144 words
    • 9 4 Analysis: A small country grows big potatoes, Pg 13
      9 words


  • THE WORLD
    • 444 6 Reuter LONDON The British government received bad economic news on two fronts yesterday with inflation rising above two per cent for the first time in a year and unemployment growing after months in decline. The job figures cast doubt on the
      Reuter  -  444 words
    • 365 6 Reuter FRANKFURT The Bundesbank said yesterday that the west German recession was not yet over despite the fact that prospects for many firms had now improved. In its February report, the Bundesbank said the decline in gross domestic product (GDP) in the
      Reuter  -  365 words
    • 362 6 Bloomberg Business News Reuter BRUSSELS The European Commission yesterday said it had lined 16 European steel eompanies about 104 million European Currency Units (USSI 16.6 million) lor running a cartel in the steel beam sector. The eompanies. which include British Steel
      Bloomberg Business News; Reuter  -  362 words
    • 41 6 AFP PARIS "The Thumb", by French sculptor Cesar, is lifted from its place of temporary exhibition in front of the Grand Palais for removal to its definitive Fixture at La Defense, outside the city AFP
      AFP  -  41 words
    • 256 6 Reuter WASHINGTON In a victory for the US aircraft industryover European rivals. President Bill Clinton yesterday said Saudi Arabia had agreed to buv USS6 billion (559.48 billion) worth of commercial aircraft from Boeing Co and McDonnell Douglas Corp. Mr Clinton, seizing
      Reuter  -  256 words
    • 424 6 FT MOSCOW Russian President Boris Yeltsin's health and ability to govern has again emerged as a serious issue in Moscow. He has postponed making a "state of the union" address due on Friday because of what officials on Tuesday described as a continuing
      FT  -  424 words
    • 415 6  -  From Leon Hadar in WASHINGTON PRESIDENT Bill Clinton is expected to issue in the coming days an executive order reinstating the Super 301 trade law. The legislation, which expired three years ago. permits the president to impose
      415 words
    • 213 6 Bloomberg Business News PARIS French Economy Minister Edmond Alphandery hinted yesterday at an acceleration in his government's asset sale programme, saying they would bring "at least" the 55 billion French francs (5514.8 billion) planned in the budget. In an interview with
      Bloomberg Business News  -  213 words
    • WORLD WATCH
      • 70 6 Bloomberg Business News BUENOS AIRES An oil pipeline linking southern Argentine oilfields with Chile s Pacific coast was inaugurated on Tuesday by Argentine President Carlos Menem and his Chilean counterpart Patricio Aylwin. the Ambito Financiero financial daily reported. The 424-km pipeline has a capacity to
        Bloomberg Business News  -  70 words
      • 54 6 Reuter MADRID Spanish artist Javier de Villota arranges a fake corpse, part of a sculpture he has designed in the centre of Madrid. The life-like sculpture represents the massacre caused by the bombing of Sarajevo's maricet last week and is Javier's protest at the grim situation in
        Reuter  -  54 words
      • 100 6 Reuter LOS ANGELES Former junk bond dealer Michael Milken said he is investing "hundreds of millions of dollars" of his own money in software designed for the emerging interactive television market. Mr Milken, who was released from jail last year after his 1990 conviction
        Reuter  -  100 words
      • 104 6 UPI LONDON London Transport Minister Steven Norris has launched an 18-month trial of an electronic ticketing system on the city's buses. More than 200 buses in Harrow, north-west London, have been fitted with a "smartcard" reader that validates bus tickets. Government officials said the trial
        UPI  -  104 words
      • 55 6 Reuter PARIS Europe's long-delayed efforts to have its own manned space programmes have received a definitive go-ahead, the governing council of the 13-nation European Space Agency said yesterday. The Paris-based agency said representatives of member states have approved a USS227 million (SS3SB million) Manned
        Reuter  -  55 words
  • Page 6 Advertisements

  • SPORTS
    • 68 7 XVII Winter Olympic Games AFP, Reuter IIAMAR, Norway German figure skater Mandy Woetzel (left) falling on the ice during the free pairs competition in the llamar Amphitheatre on Tuesday. Her partner, Hugo Steuer, almost tripped over her before regaining his balance and
      AFP,; Reuter  -  68 words
    • 513 7 LILLE HAMMER Sergei Grinkox and his wife Ekaterina Gordeeva became the first skaters to return from the professional ice shows to reclaim their Olympic title on an eventful day at the Winter Games here on Tuesday. Reigning Olympic champions Natalya Mishkutcnok and Artur Dmitriev
      513 words
    • 790 7  -  Who passes judgment on an athlete? Ira Berkow discusses this issue Ira Berkow NYT LILLEHAMMER. Norway As Tonya Harding prepares to arrive in this favoured land of frozen fjords, reindeer salami, and people bundled and masked like burglars against the cold, there will be
      NYT  -  790 words
    • 676 7 NYT CHICAGO Upon losing her last-ever singles match here at the Virginia Slims of Chicago, where her role as marquee idol lasted close to two decades and yielded an unprecedented 12 titles, a tearful Martina Navratilova felt like she'd just emerged from a funeral: her own. Navratilova
      NYT  -  676 words
    • 390 7 Golf AP MADRID. Spain Seve Ballesteros. coming oft' the worst season of his career, will return to tournament golf with a stronger frame of mind and with a stronger back, his brother said on Tuesday. "He's just returned from two months in Arizona where
      AP  -  390 words
    • 222 7 Reuter PONTE VEDRA BEACH. Florida John Daly will return to the US PGA Tour after a four-month absence to compete in next month's Honda Classic. Daly, the long hitter who shocked the golf world by winning the 1991 PGA Championship at Crooked Stick as
      Reuter  -  222 words
    • SPORT SHORTS
      • Article, Illustration
        209 7 AP Renter SOUTH MIAMI. Honda Leroy "Spike" Gibson, who toured the world with the Harlem Globetrotters and then became the first black elected to public office in South Miami, has died of cancer. He was 57. The 1.96 m Gibson was born in Tallahassee and attended Florida A-and-M on
        AP; Renter  -  209 words
      • Article, Illustration
        126 7 Reuter BR lIX. MOWN West Indies and England both suffered injury problems on Tuesday on the eve of their opening one-day internation- al. West Indies all-rounder Carl Hooper was ruled out of the first two one-day matches plus the opening test which starts on Saturday because of a hack
        Reuter  -  126 words
      • Article, Illustration
        165 7 AFP Reuter MKI 80l km; World No I Greg Norman yesterday took a swipe at the Australian Masters tournament on the eve of his bid for a seventh title. "I think this tournament has lost some of its lustre. It's as simple as that." said Norman, a six-time winner
        AFP; Reuter  -  165 words
      • Article, Illustration
        60 7 AFP CARDIFF Wales skipper leuan Evans still hopes to play against France in the Five Nations championship at the weekend. The Llanelli wing will undergo a fitness test when the Welsh squad assembled in Cardiff yesterday. Evans hurt his shoulder in the victory over Ireland two weeks ago. But
        AFP  -  60 words
      • Article, Illustration
        86 7 AFP Bl ENOS AIRES Diego Maradona has set his sights on becoming a race car driver. Hav ing turned his back on his latest club. Newell's Old Boys, the scandal haunted soccer international told TV on Monday of his plans to take part in an Argentinian form of stock
        AFP  -  86 words
      • Article, Illustration
        297 7 AFP AFP AFP NEW YORK Jakarta will host the \TP World Doubles Championship for the next two years the first time since 1970 that an official year-ending men's tennis event will be contested in Asia. The IJSSI.3 million (SS2.I million) event, which is open to the top eight teams
        AFP  -  297 words

  • Page 8 Advertisements
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      929 words
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      494 words

  • LIFESTYLE
    • 673 9  -  Many people at the INXS concert last Tuesday just can't seem to stay on their feet. Shahiron Sahari wonders why the performers were so Shahiron Sahari Maybe we should all have had a few before we came. Michael Hutchence, front man of Australian rock group INXS, seemed restless
      673 words
    • CHATTER BOX
      • 721 9 UPI AP Reuter UPI Reuter AP MICHAEL BOLTON's recent concert at Rosemont Horizon in Chicago was a bit of a fiasco, starting two hours late and being cut short before the encore. But grumbling ticket buyers who wrote to or called Columbia Records are getting a
        UPI; AP; Reuter  -  721 words
  • Page 9 Advertisements
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  • Page 9 Miscellaneous
    • 1333 9 TV RADIO Deceived, 8.30pm, SBC Goldie stars thril- as a hap- i, pily married art expert who ,i Ji discovers that her dead husthe person he preto be. The only is, or John Dancing. Bpm, SBC »V This programme looks the tore open of dance fj|Bßor and catapulted dance as
      1,333 words

  • INNOVATION & TECHNOLOGY
    • 573 10  -  S'poreans can binge on their favourites if a Sisir project takes off. reports Ven Sreenivasan Ven Sreenivasan FOODS with reduced fat. sugar and calorie content were once associated with medical conditions such as diabetes and obesity. And most of these foods were often relegated to
      573 words
    • 251 10 A WEEK is a long time for coconut milk to stay fresh, even under refrigeration. But a breakthrough has been made by the Singapore Institute of Standards and Industrial Research's Food Technology Centre (FTC) to prolong the freshness of coconut milk. It has
      251 words
    • IN TAKES
      • 123 10 Reuter WASHINGTON Scientists have reported significant promise in the century-long struggle for a vaccine against malaria, the tropical disease which affects 500 million people worldwide each year. Scientists working fon a special tropical disease programme jointly sponsored by the UN Development Programme, the World Bank
        Reuter  -  123 words
      • 112 10 Reuter WASHINGTON In a development that could have far reaching effects in fighting viral infections, researchers said they have successfully used human antibody fragments in mice to fight a common pneumonia virus. In a study published in the Proceedings of the National Academy of
        Reuter  -  112 words
      • 135 10 Reuter WASHINGTON Soybean plants that grow six to seven feet tall, double the height of varieties grown for grain, could become a popular feed for dairy cows, according to a US Department of Agriculture scientist. "Corn is the No 1 silage, but soybeans
        Reuter  -  135 words
  • Page 10 Advertisements
    • 350 10 Fly smooth as silk on 20 of these sectors and we'll fly you to any of our destinations in Thailand free! STOCKHOLM COPENHAGEN LONDON TOKYO AMSTERDAM NAOOYA BRUSSELS OSAKA FRANKFURT KUNMINO SEOUL ZURICH SHANGHAI MADRID f TAIREI 1,0,11 OUANOZHOU ATHENS BANGKOK >» HONO KONO LA X SINGAPORE BANDAR SERI BEOAWANXX
      350 words

  • THE LAW PAGE
    • 1706 11  -  Ramesh Divyanathan assesses the implications of CXs recent decision in allowing the prosecution's appeal against acquittal of duo under the Copyright Act Ramesh Divyanathan CHIEF Justice Yong Pung How's decision last year on parallel imports arose from an appeal by the public prosecutor (for
      1,706 words
    • 315 11 AT THE-®^ WHILE the remaining right of appeal to the British Privy Council will be abolished soon, Singapore has not totally cut its umbilical cord with the London legal scene. Queen's Counsel are still an integral part of the legal system here, although
      315 words
    • 244 11  -  By Conrad Raj SINGAPORE is not the only place that has seen the need to cap its pool of lawyers and raise their standards. Some people in Hongkong feel the same way about the profession there. The Hongkong Bar Association recently announced plans to
      244 words
  • Page 11 Advertisements
    • 31 11 m DOLLARS sense y You don't have to be an Einstein f to get relatively good returns. rv Js* j' Personal Finance Investment. X//7 Every Saturday. SINGAPORE 0 Business Times vfxaovAfli
      31 words
    • 178 11 B j Drop anchor and enjoy the full < attention of the entire shipping industry. fV Shipping Times will publish a special feature in conjunction with SINGAPORT 94 International Maritime Exhibition and Conference, Asia's premier biennial maritime event, to be held in Singapore K? from March 22 to 25,1994. ONCE
      178 words

  • 529 12 EDITORIAL THE Clinton administration's response to the eollapse of the weekend trade talks between the United States and Japan is disturbing news. Threatening trade sanctions against Japan for a transgression of dubious validity namely, failing to ensure that a US company. Motorola, won a certain quantitative share of
    529 words
  • WHAT THE OTHERS SAY
    • 190 12 WHAT DOES the future hold for post-Deng China? Western intellectual circles proclaim that there will be political dissension and insecurity. The more venturesome scenarios make dark mention of chaos as a weakening centre tries to hold on to fractious provinces. leading eventually to the country's
      190 words
    • 164 12 EVEN IF Nato carries out its threat of punitive air strikes against the Serbs around Sarajevo, the question will be: what is the next action? While the tough approach by Nato is appreciated by many, it is still short of a comprehensive solution to
      164 words
    • 144 12 THE BREAKDOWN of talks between Japanese Prime Minister Morihiro Hosokawa and US President Bill Clinton may have caused the Nikkei Index to plunge but Mr Hosokawa is, nonetheless, regarded as a national hero because he said "no" to the US. US insistence on setting numerical targets
      144 words
    • 205 12 TAIWANESE PRESIDENT Lee Teng-hui's South-east Asian tour is a new twist to the age-old politician's habit of making official visits as an excuse for a holiday. Since the beginning of the year. Mr Lee and his prime minister. Lien Chan, have been taking holidays as an excuse to
      205 words
    • 174 12 THE Ministry of Domestic Trade and Consumer Affairs can check price levels wherever they are transacted from producer to wholesaler to retail. It reported on Saturday that prices for chicken had jumped 20 to 30 per cent in a matter of days. Such outrageous price rigging,
      174 words
    • 142 12 AMERICAN FRUSTRATION with Japanese trade protectionism is understandable. Years of negotiations, confrontation and mutual irritation have done little to reduce Japan's plethora of trade barriers. Nor have they dented the huge trade surplus Japan enjoys with the United States, at least partly as a result of those
      142 words
  • 1267 12  -  Shiv Taneja examines the growing respectability of Indian equity Shiv Taneja THERE IS enough anecdotal evidence to show that India's integration into the world economy is well underway. The government's efforts at liberalising the economy and opening up the financial sector to the international marketplace
    1,267 words
  • Page 12 Advertisements
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      227 words
  • Page 12 Miscellaneous
    • 61 12 Pv cgbooD OF Running in n/ou u»j 'T f JOHeS— UHEK. «!C\ L.N55 PfeTftUOllß F **> IT 71)6 Uoo GOING, FOR IOUR Pißout "IM6 MCw p B Sv MAP its Wopws -MS eu» SJJgta. Mb COP?ST OF COCX roR^O«J, Vgorn WE S£A....> r V-SfNRDtNiAv.. J K wef\Rc> OF VrooCM THQUQHT
      61 words

  • ANALYSIS
    • 1346 13  -  To accelerate its economic growth, China has turned to Singapore to tap its proven expertise in setting up industrial parks and in urban development. Yong Pow Ang discusses what both countries stand to gain and provides details of the massive projects in the works
      1,346 words
    • 620 13 SINGAPORE investors favour Jiangsu and Fujian provinces when developing industrial parks in China because of their economic potential. Jiangsu, one of the fastest and richest provinces in China, chalked up an economic growth of 27 per cent in 1992. Strategically located at
      620 words
  • Page 13 Advertisements

  • 478 14 Bloomberg Business News, Reuter AP WASHINGTON Construction starts on new homes and apartments plunged at the sharpest rate in three years during January, the Commerce department said yesterday, as winter storms and the Los Angeles earthquake slashed building activity. The
    Bloomberg Business News,; Reuter; AP  -  478 words
  • 451 14 AFP SEOUL The International Atomic Energy Agency (lAEA) yesterday said an inspections pact with North Korea was only a first step to checking nuclear plants and the agency would not abandon efforts to visit two suspect atomic sites.
    AFP  -  451 words
  • 369 14 Eastern Express HONGKONG Fierce opposition in regions of China has forced Beijing to back down on a controversial new land tax. the first time it has bent to local demands since a new national tax system was introduced earlier this
    Eastern Express  -  369 words
  • 247 14 AP BEIJING Beijing is to give priority to Taiwan over other foreign investors in the capital city in all sectors including banking and finance, the official China Daily said yesterday. "Taiwanese investment will be the first consideration of the city's economic policy, the
    AP  -  247 words
  • 366 14 AP PARIS Leon Brittan. Trade Commissioner of the European Union, yesterday entered the jockeying to succeed Jacques Delors as boss of the EU's executive commission. Though discretion pulled him up short of declaring his candidacy. Mr Brittan told the French
    AP  -  366 words
  • 857 14  -  The Bottom Line ANTHONY ROWLEY ANTHONY ROWLEY The writer is BT's Tokyo correspondent IT ISN'T by coincidence, bad planning or rivalry even that the World Bank and the Asian Development Bank are devoting lengthy reports this year to the question of physical
    857 words
  • 350 14 UPI BEIJING China has lifted a ban on apple imports from Washington state in an attempt to ward off growing friction over lack of US market access to China. Chinese and US officials said yesterday. Chinese quarantine service officials
    UPI  -  350 words
  • Page 14 Advertisements
    • 89 14 KAISER KITCHEN SYSTEM lum < ijvlN n IMM BHikl ir-' *fc'l < ij» ik.i; t I'.ini lo FULL SERVICE OFFICES I 1111\ furnished extentiw suites 1 *1111 -1 hue slallat your serviee onlerenee rooms lull supporting up-to-date laeilities Si raletjie loeal i(hi Jdeal lor one/two person set-up \eiA reasonable rales.
      89 words
    • 62 14 KAISER KITCHEN SYSTEM S' luMfl!' tJJ N 21 [\> '5,., jH Renting AN mrtewihr You may have been unable to get your Business Times, Straits Times, Sunday Times, LianHe Zaobao and other daily newspapers from your usual newsstand because of the higher demand lately. To ensure a daily copy, call
      62 words

  • COMPANIES & MARKETS
    • 497 15  -  By Ven Sreenivasan THE SHARES of Rothmans of Pall Mall (Malaysia) Bhd and Rothmans Industries of Singapore surged yesterday on news that they will be paying special dividends to their shareholders. Rothmans Industries opened at 58.90 on the Singapore exchange and
      Source: Bridge Info  -  497 words
    • 391 15  -  By Joseph Rajendran SINGAPORE Datapulse Technology, the first Sesdaq listing to offer its shares for tender, has set the strike price for the tender portion of its shares at $1. The provisionally-set strike price represents a 54 per cent premium over the minimum
      391 words
    • 236 15 Bernama KUALA LUMPUR Stockbroking firm OSK Holdings Bhd reported a 506 per cent jump in group operating pretax profit to MS 148.19 million (5584.4 million) for the year ended Dec 31, 1993 from M 524.44 million in the corresponding period last
      Bernama  -  236 words
    • 780 15  -  HOCK LOCK SIEW By Bernard Chew SINGAPORE The pending copyright action against Sesdaq hopeful Aztech Systems is widely seen as the single biggest risk factor facing investors eyeing shares in the world number three sound card maker's initial public offer. But does
      780 words
    • 517 15 KUALA LUMPUR Telekom Malaysia has scored another success in its quest to strengthen its foothold in the international market, with an ofTer from the Indian Telecommunications Department to operate paging services in several major cities in India. Malaysian Business Times said
      517 words
    • EYE on your STOCKS
      • Article, Illustration
        41 15 Steady Market \lood indicates the likely trading sentiment today, based on brokers polled at 5-ftpm yesterday. Overnight events may alter sentiment. Brokers polled: Alliance. Daiwa. Fraser. Kay Hian. Ongco Phillip. Smith \ew Court. Tat Lee and H I Can.
        41 words
      • Article, Illustration
        149 15  -  By Paul Leo IGB Corp edged up to Si.sB yesterday, one cent above its resistance at SI. 57, signalling the start of a medium-term bull run. A trade above Si.7l will confirm the bullish view and the stock is likely within a few months to test its recent
        149 words
    • COMPANIES
      • COMPANY BRIEFS
        • 66 16 KUALA LUMPUR OYL Industries Bhd has entered into a joint venture with Hong Leong Industries Bhd to set up a company known as LeGuo Home Centre (M) Sdn Bhd to operate a chain of retail outlets for electrical products, furniture and other home products.
          66 words
        • 60 16 SINGAPORE Eastern Industries, a fully owned subsidiary of Nat Steel Ltd, has sold off its 55 per cent interest in Eastern Erico Industries (amounting to 55,000 paid-up shares of $1 each) to Erico International Corp, a US company. Nat Steel said last night that Eastern Erico
          60 words
        • 58 16 SINGAPORE Econ International announced last night that its fully owned subsidiary, Econ Piling, had secured its first piling contract in Sri Lanka. The 552.43 million contract was awarded by Ceylinco-Seylan Developments to Econ-Walker Joint Venture, a 50:50 joint venture between Econ Piling and Walker
          58 words
        • 79 16 SINGAPORE CKM Building Technology, a subsidiary of PacCan Construction, which is fully owned by Pacific Can Investments Holdings, has acquired the whole of the Ms 2 paid-up capital in Growth Plus Sdn Shd, a Malaysian company. This firm will change its name to CKM Building
          79 words
        • 36 16 SINGAPORE HTP Holdings announced last night the appointment of Teo Chiang Long and Martin Yuen Ching Wei as directors of the company. Both have also been appointed members of the audit committee.
          36 words
        • 89 16 Bloomberg Business News BANGKOK TPI Polene Co, one of Thailand's largest producers of plastics and cement, posted a net profit for the quarter ended Dec 31 of 287 million baht (SslB million), down 34 per cent from the same period in 1993. The company's
          Bloomberg Business News  -  89 words
        • 90 16 Bloomberg Business News BANGKOK Thai property developer Tanayong Co said its net profit for the quarter ended Dec 31 was 128.2 million baht or 0.42 baht/share, an increase of 7.1 per cent from the same period the previous year. For the nine months ended Dec 31,
          Bloomberg Business News  -  90 words
        • 94 16 Corrections clarifications We reported yesterday that Rothmans Industries Ltd had announced that its interim dividend will be paid on March 15 to shareholders on the company's register of members. It was also reported that those named as depositors in the register of the Central Depository Pte Ltd would be paid
          94 words
      • 180 16 BANGKOK The President Park Group plans to submit its listing proposal to the Securities Exchange Commission (SEC) next year after having drawn a strong buyer response from its development of the massive housing project along Pattanakarn Road. The Bangkok Post on Tuesday
        180 words
      • 408 16 MBT KUALA LUMPUR Kemayan Oil Palm (KOP), doing well with five activities within the group, expects to diversify into other sectors including timber-related and financial services sectors through progressive development. KOP is presently involved in plantation, property development, property investment, development/construction-re-lated
        MBT  -  408 words
      • 439 16 MBT KUALA LUMPUR Kemayan Oil Palm (KOP) has forecast a group profit before tax but after minority interests of M 530.14 million (5517.2 million) for the year ending May 31, 1995 against a projected loss of M 5757,000 for 1994. The group
        MBT  -  439 words
      • 399 16 Bernama KUALA LUMPUR Some 28,000 Telekom Malaysia employees will sign a memorandum of appeal to Malaysian Prime Minister Mahathir Mohamad expressing the disappointment of non-executive staff with management. They claim management has denied them their rights as workers. The decision was
        Bernama  -  399 words
      • 502 16  -  From AL Labita in MANILA MANILA'S securities officials have adopted new policies to protect minority stockholders in listed firms and promote issuance of warrants. Under a recently issued memorandum, the Securities and Exchange Commission (SEC) would now impose penalties on
        502 words
      • 180 16 Bloomberg Business News NEW YORK Singer Co will begin making sewing machines and assembling products such as television sets and appliances in Vietnam through a joint venture in Ho Chi Minh City. Singer said yesterday it would establish a retail distribution network in Vietnam,
        Bloomberg Business News  -  180 words
      • 158 16 Land General posts 49pc higher pre-tax of M$151m Bernama KUALA LUMPUR Land General Berhad has registered a 49 per cent increase in pre-tax profit to MS 151.26 million (SSB6 million) for the year ended Dec 31, 1993, from MS 101.25 million in 1992. This represented the sixth consecutive year in
        Bernama  -  158 words
      • 752 16 Thunm, (UH Tmt Unifund 1.31 137 wml Unibond 102 105 The Commerce 1.12 1.91 Untied Or Fund 1.67 1.74 The Saving* JFund 1.69 1.77 United A$u Fund 1.92 2 02S pore Prog Fund 0.76 0 80 Spore Sec Fund I.II 1.17 PnMtMtW Vpore fovea Fund 1.32 1.39 PniLink M«d Fund
        752 words
      • 451 16  -  From Alan Boyd in BANGKOK CHAROEN Pokphand, Thailand's largest agri-business group, has blamed increased competition from China for a drop in profit at three of its four listed subsidiaries in 1993. CP Northeastern Co, Bangkok Agro-Industry Products and Bangkok Produce Merchandising
        451 words
      • COMPANY BRIEFS
        • 73 18 Reuter TAIPEI Taiwan's Formosa Plastics Corp said pre-tax net income dropped 7 per cent from the previous month to NTS33O million (5519.5 million) in January. Sales fell 3.9 per cent from the previous month to NT52.47 billion in January, the company said in a statement.
          Reuter  -  73 words
        • 57 18 Reuter TOKYO Apple Computer executive vice-president lan Diery showing how to look through the viewfinder of new digital camera Quick Take 100, launched in Tokyo yesterday for sales worldwide at US$749 (551,109). The camera captures images in two sizes and delivers digital colour images into
          Reuter  -  57 words
        • 65 18 Bloomberg Business News HONGKONG Hongkong's investment company Hongkew International Holdings said its net profit for the six months ended Dec 31, 1993 was HK532.77 million (556.5 million). In a statement, the company said earnings per share was 28 HK cents, while the fully diluted earnings per
          Bloomberg Business News  -  65 words
        • 85 18 Bloomberg Business News TAIPEI Foreign financial institutions bought a net NTS 1.17 billion (5570.6 million) of Taiwan stocks on Tuesday, the Commercial Times reported, citing the Taiwan Stock Exchange data. For the first 15 days of February, foreign institutions' net purchases were NTS 2.6
          Bloomberg Business News  -  85 words
      • 176 18 AFP NEW DELHI US oil giant Mobil Petroleum Co Inc and state-run Indian Oil Corp announced the formation of a joint venture yesterday, resurrecting a partnership that broke up 20 years ago. The creation of Indo Mobil Pvt Ltd marks the
        AFP  -  176 words
      • 467 18 Reuter LONDON British chemical and petrochemical companies say the race is on to gain a toehold in China, a chemicals market that may overtake even the United States in size by the end of the century. "It's a huge rush," says Martin
        Reuter  -  467 words
      • 589 18 AFP BEIJING As China struggles to establish a unified framework to regulate securities trading, blatant fraud and insider dealing on the country's fledgling stock markets are going largely unpunished. Supervisory bodies exist, including the China Securities Regulatory Commission (CSRC) set up
        AFP  -  589 words
      • 545 18 Reuter HONGKONG While the whole world rushes to corner the China market, Tatsuichi Yamaguchi is not in a hurry. "We've had offers from people saying how about putting a store in this region in this development," says the head of
        Reuter  -  545 words
      • 48 18 Reuter LONDON She'll be waiting by the railroad, all the livelong day. And she's not alone in her predicament. Heavy snow forced British Rail to abandon its branch line service on Tuesday to keep its main routes open. Thousands of commuters were affected. Reuter
        Reuter  -  48 words
      • 246 18 Reuter NEW YORK Acer America Corp is expecting continued strong revenue growth in the range of 35-40 per cent for 1994 as the personal computer industry continues its boom, its president Ronald Chwang says. Mr Chwang told Reuter the
        Reuter  -  246 words
      • 180 18 AFP TOKYO Japanese camera and office equipment maker Canon Corp said yesterday its pre-tax earnings plunged 51.5 per cent to 37.4 billion yen (***** million) in the year to December, blaming the stronger yen. The company said sales declined 2.5 per cent to
        AFP  -  180 words
      • 327 18 Reuter TOKYO Sanyo Electric Co is on the road to recovery because of business restructuring it began in 1993. but robust growth may be some distance away, analysts say. The consumer electronics maker expects its operating loss to shrink six billion yen
        Reuter  -  327 words
    • CORPORATE FOCUS
      • 702 17 Viacom's winning bid for Paramount Communications Bloomberg Business News NEW YORK Wall Street was debating on Tuesday whether Viacom really is the "winner" of the bidding war for Paramount Communications. Viacom, for sure, outlasted rival bidder QVC Network and for US$lO
        Bloomberg Business News  -  702 words
      • 346 17 Reuter PHILADELPHIA Viacom chairman Sumner Redstone, flush with his victory in the five-month takeover battle for Paramount Communications, said he was on the verge of creating a media "super powerhouse." "We really think we're on the verge of building a super powerhouse in the media
        Reuter  -  346 words
      • 699 17 Bloomberg Business News Sep 12, 1993 Viacom agrees to acquire Paramount Communications in a cash-and-stock-swap for US$B.2 billion (S$ 13.03 billion), or U5569.14 for each Paramount share. Sep 13 Speculation swirls that a rival bidder will emerge for Paramount, including Bertelsmann AG, Capital Cities/ABC. Turner Broadcasting System
        Bloomberg Business News  -  699 words
    • FINANCE & COMMODITIES
      • 619 19 Reuter KUALA LUMPUR The latest move by Bank Negara to make offshore players pay dearly for holding onto their ringgit has slowed down trading in the Malaysian currency, dealers said yesterday. Ringgit liquidity has been choked off* they added, and wary interbank
        Reuter; Source: Bloomberg  -  619 words
      • 370 19 Reuter TOKYO Japanese major insurers say they have no plans now to liquidate massive US bond portfolios despite the recent nosedive of the dollar against the yen. But they said yesterday that they had to step up forward dollar sales to hedge against
        Reuter  -  370 words
      • 248 19  -  By Shiv Taneja SINGAPORE After 30 years in Singapore, Americanowned Chase Manhattan Bank has announced the appointment of its first Singaporean country manager. Gabriel Teo, 42, took over yesterday from Michael Barrett, who will return to the US with Chase in March. Mr Teo
        248 words
      • SMALL CHANGE
        • 85 19 Bloomberg Business News HONGKONG Lloyd George-Standard Chartered China Fund Ltd said yesterday its net loss was HK5307,03! (5563.000) for the six months ended Dec 31, 1993. The company, which invests in China and Hongkong securities markets, reported a net loss of HKSI.O4 million for
          Bloomberg Business News  -  85 words
        • 80 19 Reuter BEIJING Bank deposits across China grew 3.7 billion yuan (SS67O million) to 1.48 trillion yuan in January over December despite New Year shopping sprees, the official China Daily reported yesterday. January retail spending rose 22 per cent from January 1993 to 119.2 billion yuan
          Reuter  -  80 words
        • 85 19 Reuter MADRID Deutsche Bank on Tuesday said it expected to return 20 billion pesetas (***** million) in "non-performing" or bad loans to the Banesto bank group by March as part of its purchase agreement for Banco de Madrid. A Deutsche Bank AG official
          Reuter  -  85 words
        • 72 19 Bloomberg Business News TAIPEI The Ministry of Finance has approved an application by the Commercial Bank of Hongkong to open a representative office in Taipei, the ministry said yesterday. The bank would be the third from Hongkong to open in Taiwan, along with
          Bloomberg Business News  -  72 words
      • 155 19 NYT NEW YORK Citicorp, the largest US banking company, said on Tuesday that federal regulators had released it from the strict supervision under which it had operated for two years. In February 1992, after mounting losses from bad real estate loans and other
        NYT  -  155 words
      • 459 20 Reuter PARIS World demand for steel is expected to rise this year after falling for three consecutive years, the OECD said in a report released on Tuesday just as European steel industry leaders headed for Brussels to discuss output cuts. The Organisation
        Reuter  -  459 words
      • 274 20 Reuter SINGAPORE China's first refinery with foreign equity will start operating in mid--1995, although much of the hardware will be installed by the end of this year, a source at one of the companies involved in the project said. "The commissioning of the
        Reuter  -  274 words
      • 159 20 Bloomberg Business News TOKYO Kobe Steel Ltd, Japan's fifth largest steel maker, will join Texas Instruments of Dallas in a venture to market clad metals in Japan. Clad metals are composite materials formed by bonding together two different metals to produce a
        Bloomberg Business News  -  159 words
      • 234 20 Bloomberg Business News SYDNEY North Broken Hill Peko Ltd and Japan's Sumitomo group of companies will increase production from the new Northparkes gold-cop-per mine by more than 40 per cent. Northparkes, about 280 km north-west of Sydney, is 80 per cent-owned by North Broken
        Bloomberg Business News  -  234 words
      • 250 20 Bloomberg Business News MELBOURNE Three Australian oil companies yesterday said they had struck oil in an exploration well in the Timor Sea of Indonesia. The Elang-1 well is located in a zone of cooperation between the Indonesian island of Timor and the
        Bloomberg Business News  -  250 words
      • 278 20 Bloomberg Business News NEW YORK Money management firm Finasa Thai plans to create a US$5O million (SS79 million) fund to invest in Vietnam within the next couple of months, said the Eugene Davis, a managing director at the company. Mr Davis said the country's
        Bloomberg Business News  -  278 words
      • 314 20 Bloomberg Business News WELLINGTON Trust Bank, New Zealand's fifth-larg-est bank, yesterday said it will sell 20 per cent of the bank in a public share sale. A prospectus detailing the sale will be issued early next month, the bank said.
        Bloomberg Business News  -  314 words
      • 229 20 Bloomberg Business News BASEL Swiss Bank Corp. one of three major Swiss universal banks, yesterday said its 1993 net profit rose 36 per cent to 1.365 billion Swiss francs (551.488 billion). The result was above analysts' forecasts, and caused the SBC
        Bloomberg Business News  -  229 words
      • 184 20 ENERGY REPORT Bloomberg LONDON Crude oil futures rose on both sides of the Atlantic yesterday, while refined products were mixed after the American Petroleum Institute's weekly report. Traders had widely anticipated rcduccd crude and heating oil stockpiles in the US after the extreme
        Bloomberg  -  184 words
      • 147 20 THE USS opened higher across the board yesterday, having made gains in European and North American markets. The USS/SS opened at 1.5900-20. having touched a high of 1.6000 overnight. A large commercial buying order was responsible for the initial spurt and the move triggered stop
        147 words
      • 175 20 Reuter LONDON The dollar drifted sideways during a quiet European morning session with the market happy to sit back and take a breather after the excitement in dollar/yen over the past couple of days. "After such a wild time it's not surprising to see people take it easy... but
        Reuter  -  175 words
      • 84 20 AFP NEW YORK The dollar edged lower yesterday against the other major currencies except the yen in quiet trading in New York. Gold slipped 50 cents from Tuesday's closing price to U*****.30 an ounce. At 9:35 am (1435 GMT), the dollar was trading at 103.90 yen, up slightly
        AFP  -  84 words
      • Article, Illustration
        1675 20 Trade-weighted index calculated against S pore's top 14 trading partners Base year 198* US$/S$ forward rates Noon Feb 16 ss Bid Offer 1-month 1 5898 I.$91J 2-month 1.5895 1.5910 3-month 1.5893 1 5908 6-month 1 5888 1.5908 Source: OCBC FOREIGN CURRENCY NOTE RATES to at 10m m Fafc IS: Singapore
        1,675 words
    • COMMODITIES & FUTURES
      • 1360 21 SIMEX REPORT Reuter SINGAPORE Simex Euroyen futures closed lower on the yen's retraeement against the dollar in Asia yesterday. Dealers said there was little activity in the morning hut trade picked up later in the afternoon as speculators came in. A dealer with a US commission
        Reuter  -  1,360 words
      • 702 21 COMMODITY REPORTS Tin MALAYSIAN tin closed at a new 10-month high of MS 14.76 a kg after a weaker ringgit against the US dollar attracted foreign and local demand, traders said. The metal rose 40 sen from Tuesday. "Apart from currency factors. prices moved
        702 words
      • KNIGHT-RIDDER COMMODITY SUMMARY
        • 87 21 TOKYO Japanese output of zinc galvanised steel fell to a preliminary 845.700 tonnes in January. down 16.5 per cent from a year earlier, the Japan Iron and Steel Federation said yesterday. The total is up 0.4 per cent from the revised December production total of
          87 words
        • 100 21 TOKYO Premiums paid on shipments of nickel are expected to decline sharply with the lifting of an 11-year-old US ban on imports of the metal from the former Soviet Union, industry sources here say. The US Treasury Department said on Tuesday it had lifted the
          100 words
        • 85 21 TOKYO Japan's customs-cleared imports of copper and its alloys fell 3.9 per cent to a total of 29.951 tonnes in January, according to a preliminary report released yesterday by the Ministry of Finance. The value of the copper imports fell 19.4 per cent from a year
          85 words
      • 1577 21 Rubber Singapore Commodity Exchango (future* dosing at at 1»") RSS 1 Contract (S cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest Mar 94 137.75 137.50 137.50 300 i~500 Apr 142.00 139 00 139.25 1,850 5,150 May 141.50 140 75 141.25 1,050 6,025 Jun 143.25 141.75 142.25
        1,577 words
    • REGIONAL STOCK MARKETS
      • 1252 22 15 Stronger overseas bourses helped lift the Australian stock market to a higher close yesterday, reversing the falls of the previous two days, brokers said. The All Ordinaries closed up 15 points at 2,249.0 off a 2,253.1 high. One analyst said investors are awaiting the outcome of the US-Japan
        1,252 words
      • 71 22 -92.71 Share prices edged down in low volume kerb deals as market players wanted to reduce their carry forward positions ahead of today's end of account in specified shares, brokers said. During the official trading session, prices fell sharply as there were virtually no buyers while local financial institutions
        71 words
      • 572 22 +o.7pc Philippine share prices rose for a second straight day on buying in blue-chip issues and selected second liners as well as good showings in the mining and oil counters, analysts said. The composite price indices in the country's rival bourses climbed 0.70 per cent, with the Manila Stock
        572 words
      • 524 22 -122.38 Taiwan stocks reversed early gains to end 2 per cent lower on a late wave of selling focused on the financial sector. The index opened 100 points up, but soon came off and closed 122.38 points down at 5,862.63. Turnover was a moderate NT558.31 billion against Tuesday's NT550.53
        524 words
      • 429 22 18.62 Healthy interest in blue chip manufacturings and improved investor sentiment in reaction to North Korea's decision to accept international inspection of its nuclear sites pushed stocks sharply higher, brokers said. The composite stock index closed 18.62 points, or 2.06 per cent, higher on 920.43. Brokers said blue chips
        429 words
      • 297 22 -8 The New Zealand share market drifted to a weaker close as a consolidation phase was prolonged by uncertainty in overseas financial markets. The New Zealand Stock Exchange Top 40 index closed eight points lower at 2,311.92 in volume worth a modest NZ$5O million. Brokers reported that foreign
        297 words
    • WORLD STOCK MARKETS
      • 777 22 +24.5 The FTSE 100 closed well up on the day amid renewed hopes of another 0.25 point interest rate cut after a plethora of data showed economic recovery faltering. A strong performance by Wall Street also helped UK shares. The index closed up 24.5 points at 3,417.7, and some
        777 words
      • 249 22 +1.71 Dutch shares closed slightly higher buoyed by advances in equities in the US and UK. Financial stocks led the pack on the perception that they had lagged the market and on hopes for a German rate cut today. The AEX index finished up 1.71 at 429.90 points. Bank
        249 words
      • 270 22 +22.57 Swiss shares ended firmer in what dealers described as a technical reaction to recent strong losses. The market was also supported by the release of Swiss Bank Corporation's 1993 profit figures, which were slightly above analysts' expectations and which triggered buying in shares in other major Swiss banks.
        270 words
      • 117 22 +6.35 French shares finished firmer, after spending much of the day below Tuesday's close. Traders said much of the business was futures driven with the cash market still looking for fresh momentum. The CAC-40 index closed up 6.35 points, or 0.28 per cent, at 2,264.32. Volume was around 4.5
        117 words
      • 128 22 1.78pc Swedish shares ended sharply higher for the second day in row despite a shaky debt market. Interest was focused on index-heavy shares, particularly Ericsson after its Wall Street climb. Dealers were surprised by the market's continued strength. The OMX-index ended up a sharp 1.78 per cent at 1,192.85
        128 words
      • 194 22 +0.99pc German share prices shrugged off weak bund futures prices and closed the bourse session higher, supported by low-level foreignled buying of blue chips and speculation the Bundesbank could cut rates today, dealers said. The DAX index ended at 2,136.61, up 0.99 per cent or 20.99 points on the
        194 words
      • 153 22 -0.49 Belgian shares ended mixed after an erratic session during which bouts of basket activity sent the Bel-20 stock index zig-zagging in a 10-point range. The Bel-20 finished 0.49 points or 0.03 per cent lower at 1,522.68, with volume boosted to 2.14 billion francs worth of shares by the
        153 words
      • 132 22 10 Shares ended overall flat after a see-saw session where a late pick-up in investor demand compensated for earlier profit-taking, traders said. Fiat recovered from earlier falls to end up 1.19 per cent as investor interest returned, with Montedison also spurred. The Mibtel index ended up 10 points at
        132 words
      • 272 22 1 South African shares posted gains as the recovery from recent lows continued, but dealers said investors remained wary about political developments. The gold index added 37 points to 1,874 and the industrial index was a point better at 5,590. The overall index made 40 points to 4,782. F<fc
        272 words
      • 295 22 10.85 Toronto stocks edged higher in nervous early trading yesterday hampered by a sluggish Canadian dollar and uncertainty over the Feb 22 federal budget. Gains in financial services, mining and consumer products were restrained by losses in transportation and energy stocks. The TSE 300 Composite Index was up 10.85
        295 words
      • 541 22 Vienna Ft* 16 A*i +/T AUA 2120 55 Bank Atrana (PI J9* 5 (amuniia 1055 -9 FhaghaJien 57J 8 Lnvina 1215 12 Lryfcam 422 2 Slryrr-O P 216 I Sirahaj I9W 15 Vcmrtrr M2 unch WKimtnn 4110 40 Source: Bank Austria Aktiengesellchaft Nasdaq Krh 15 L'SS AAitpti < oor» Brrwing
        541 words
      • 737 22 +6.47 The Dow Jones industrial average was ahead 6.47 points to 3,934.74 at 11 am EST yesterday. The key barometer was up more than 20 points earlier. The New York Stock Exchange composite index was ahead 0.67 to 263.03, while the S&P 500 index was up 1.34 to
        737 words
    • Article, Illustration
      3208 23 Reuter HONGKONG Shares finished with sharp losses after being hit by a late wave of overseas selling amidst a lack of buying interest, brokers said. The blue chip Hang Seng Index tumbled 378.19 points, or 3.43 per cent, to close at 10.634.14 despite an initial 107point jump to a
      Reuter; Source: Bridge Info  -  3,208 words
    • Article, Illustration
      486 23 THE CLSA Shanghai B Index took a breather to edge up 8.52 points to 904.36 in thin volume. Underperformers Lian Hua. Refrigerator and Tyre Rubber rebounded some 5 per cent yesterday. Erfangji and Dazhong also rose another 5-6 per cent. However, Dajiang was among the few losers dipping 8.2
      486 words
    • Article, Illustration
      2520 23 Reuter TOKYO The Nikkei recovered slightly but lack of fresh news on the Japan-US trade row sidelined investors, leaving the Nikkei hovering around 19.100. The Nikkei is seen hovering around these levels until fresh developments emerge in the trade issue, brokers said. "Tokyo shares depend on what happens to
      Reuter; Source: Bridge Info  -  2,520 words
    • Article, Illustration
      1806 23 Reuter BANGKOK Thai stocks closed up IS. 14 points at 1.429.11 on renewed shortterm optimism and signs the index will again today, brokers said. "The SET index and its volume show promising signs for a continued surge tomorrow." said Thanade Kantigaroon. an analyst from Ekachart Finance and Securities. "Besides,
      Reuter; Source: Bridge Info  -  1,806 words
    • Article, Illustration
      1152 23 Reuter JAKARTA Share prices closcd lower in slow trading yesterday. brokers said. The composite index ended at 574.8. a loss of 7.9 points. Bank International Indonesia fell 17.4 per cent to 7,025 rupiah on thin volume. A cross deal of 23.5 million shares of Gajah Tunggal or 11.9 per
      Reuter  -  1,152 words
    • 2738 24 MOST ACTIVE volu»m AMDB 50c 22.968 000 Promcl 6.592.000 Kamunting 50c 6.404.000 Asa Pac Ld 5.765.000 Fiber Group 4.129.000 General Corp 4.255.000 IGB Cofpn TSR 3.808.000 Idm Hvd 50c 3.740.000 Kcnong Bhd 50c 3.676.000 Ind Oxyjcn W|95 3.291.000 Mcnanc Corp 3.239.000 Sn Hartamas 3.164.000 Mulpha Inil 50c 2.735.000
      2,738 words
    • KUALA LUMPUR STOCK EXCHANGE
      • 5750 24 Bernama KUALA LUMPUR Share prices here moved sideways and closed mixed yesterday. Prices were at their highs in the afternoon, but late profit-taking erased earlier gains. The Emas Index of all main board shares ended 0.77 of a point easier at 321.43, while
        Bernama; Source: Bridge Info  -  5,750 words
    • STOCK EXCHANGE OF SINGAPORE
      • 7017 25 MWHBOAW) Transaction date: Feb 1< Cr Cr 1993/94 Last Vol Day Last Qaott Di> Di» YM Net M Cap High Low Coapaay Salt COM) High Loo Baytr Seller CVr X P E tail INDUSTRIAL AND COMMERCIAL 1440 260 I Acma 1130 unch 174 1160 1120 1120 1130 12.5 2.1 I.I
        7,017 words
      • 1886 26  -  By Paul Leo SINGAPORE Sentiment on the local bourse was lifted yesterday by overnight gains in the US and the recovery of Japanese stocks. The Straits Times Industrials Index rose 11.85 points to close at 2,341.38, while the broader-based BT Composite
        Charts by Bridge Info; Source: Bloomberg  -  1,886 words
  • Page 15 Advertisements
    • 380 15 NEWS VALUE Hon today 's news might affect your stoiks US-Japan trade tensions worsen (Pg I) Tokyo stocks had a slight reprieve yesterday. Investors waiting on sidelines for fresh developments and watching yen-USS rate. S'pore market up, KL, Hongkong down (Pg l) s pore market expected to take cue from
      380 words

  • Page 16 Advertisements
    • 35 16 SINGAPORE Business Times WE KNOW ASIA Address Customer Relations Section Circulation Department SIP Singapore Press Holdings Limited 82 Genting Lane Occupation: Fax: News Centre Singapore 1334 Tel: 1800-749 2577 Fax 744 4875 Tel (O) (H)
      35 words

  • Page 17 Advertisements
    • 242 17 F /1f fy Fjl k Jj 1 I .M MM MM W M Ml 1 iffl V m -|4»sf *tr.» m' V< '-jj-Hl, r ir. msmt* v «,> **3e ,r lil j I i M M £SmJt I I I i mHmhßu 1 M m m H X>li,!A<y* 1 VsV
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  • Page 18 Advertisements
    • 230 18 mmmm Kg j IBC Technical Services Ltd A subsidiary of International Business Communications (Holdings) pic te&fesj Two-Day Conference MiiM CORPORATE E TAX UPDATE jflpjpl Tax Management Strategy IK j To Minimise Tax Burdens 3rd 4th March 1994 The Oriental Hotel, Singapore teil4S3 time, y conference just one week after the
      230 words

  • Page 19 Advertisements
    • 252 19 TOLL-FREE TEL. No. 1-800-741-1883 FAX:74I-1298 PUBLIC BANK BERHAD U5575,000,000 Negotiable Floating Rate Certificates of Deposit due February 1996 In accordance with the provisions of the Certificates of Deposit, notice is hereby given that for the Interest Period from 17 February 1994 inclusive to 17 August 1994 exclusive the Interest Rate
      252 words
    • 324 19 MOBILETEK PTE LTD (In Hwtif' Voluntary WtmNnrUp) UOUDATORS' OFFICE: 15 BMdi Road •03-10 Baach Cantra Singapore 0718 NOTICE OF FMAL MEETWG NOTICE IS HEREBY GIVEN pursuant to Section 306 o< the Companies Act. Chapter 50, that the Final Mooting of the Company writ be held at 15 Beach Road. *03-02
      324 words


  • Page 21 Advertisements
    • 97 21 BUY I GET 1 FREE! Return Economy-class air ticket SINGAPORE/BEIJING Return Economy-class air ticket-^^^^^^^^*^^. SINGAPORE/SHANGHAI^**^! hSINGA CHINA TRAVEL SERVICE PTE LTD /y 77 Robinson Rd Ground Fir A Q/> Q —Singapore 0106 Where is the best place to sell a home? THE STRAITS TIMES CLASSIFIED! Are you making a move
      97 words
    • 34 21 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead. Make new business contacts through classification 203 in The Straits Times tRT Classified. 1737-11*4
      34 words

  • Page 22 Advertisements
    • 146 22 I Please tell me more about the Philips Pocket Memo j (model 597) and Dictation System (model 670). j Name ■I .NOW YOUR MEETINGS WILL NEVER END IN MID Company j ress Td I Mail to: Philips Singapore Pie Ltd. Consumer Products Division, I Lorong Toa Payoh. Singapore 1231.Te1: 350
      146 words

  • Page 23 Advertisements
    • 67 23 QSin*apo«e llli: lIOUK CIASS* l ucky Pl.i/a W TKMUfI Scolls. *1 2«6527f71W CcMrepoM M 7MIVWW)) Peninsula PUuTrl )17llimr<im661 Wcwkl Trade Centre W *****07 I'alais Renaivsanee. TW *****2rt4 J* KalllevTel m*24l Chan«i Ain**t Terminal HlaM fcWeM WintM. Tc4 M2WftWO Ttrmirvil 2 (South Wintl Tot VUAOHI Sole A«cnl Tl HI IKXIK CI
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  • Page 24 Advertisements
    • 69 24 <3HOW THE WORLD YOU MADE A KILLING IN THE STOCK MARKET RStVSH gen evE Sole Agent: DICKSON WATCH JEWELLERY (S) PTE LTD CHOPARD BOUTIQUE: WISMA ATRIA 435 Orchard Road #02-36 Singapore 0923 Tel: *****51 DICKSON WATCH JEWELLERY: THE PROMENADE I 300 Orchard Road #01-03 Singapore 0923 Tel: *****00. CENTREPOINT 176
      69 words
    • 4 24 Monday in Business Times
      4 words

  • Page 25 Advertisements
    • 63 25 '^r StnjaiKMc 1111. tIOtIKUASS.I iKk»l>U/d TH mjOM Scnlli.fel 2TV>527/7I'W EfcSgSfciw/1 \iy ComiiiKHnt Td 714I yWfiOI KumsuU PU/jTH H7HWWI«I')«.I W<nWni.Kk'( i-ntipTol *****U7 I'dl.Ms Kciwissrfncr. Td 71)1262/54'} Krifllcv 1H *****41 Ch.iiM'l Aii|K>rt Tctmiiwl KlvM CWest WiimM TH M2MUMM) Tvtminjl 2 ISoutli W.n»;l TH *>42M*I I Sole Ntcnl II lICHIK CI ASS ItaMimt
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    • 11 25 PUVY^^fe Be part of the good Bfe. lifestyle. Everyday. Business Times
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  • Page 26 Advertisements
    • 220 26 Ground Fir Wt* V Teh^7^4, n Fa 2 x°?*****97 I° l ky ,nl?| yl A o tm Tel: (03) *****101 Tel: 226 6064 WmmKin^EKKKK^^Kam* Jt Jin pav 34 h~JB^BBB|BBBBB^BBB^BBB^BHBBBPPP^^* 1,1 IB Jakarta Pretty, Asia Publications P.0.80x 410, Kuala Belait 6004 vtSS? 3rd Fir, Rm 42 Sino Industrial Brunei Darusalam 'OT
      220 words

  • Shipping Times
    • 262 27  -  By Rahita Elias SINGAPORE Sembawang Maritime has moved into the regional ferry business. It signed a sales and purchase agreement yesterday under which it will buy 70 per cent of Singapore-based Kalpin's ferry business for $12.6 million cash. The deal is expected to
      262 words
    • 310 27 Bernama KUALA LUMPUR The KJang Port Authority (KPA) bas been asked to cooperate with the Ministry of Trade and Industry in working out activities in the North Port and South Port which have been declared Free Commercial gones (FCZ), Transport Minister
      Bernama  -  310 words
    • 152 27 Knight-Ridder SAN FRANCISCO Financial services giant TransamericaCorp on Monday said it has reached a definitive agreement to buy Tiphook pic's container assets for US$l.l billion (SSI.7 billion). The companies first announced the agreement on Nov 19. Transamerica said it expects to close
      Knight-Ridder  -  152 words
    • 852 27 Page Col ABC Containerize 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
      852 words
    • 446 27  -  US line opens office in Ho Chi Minh City By Ramesh Divyanathan SINGAPORE American President Lines (APL) and Orient Overseas Container Line (OOCL) have agreed to extend an existing space charter agreement until the year 2005. Hongkong-based OOCL said in a statement yesterday the
      446 words
    • 221 27 Knight-Ridder SYDNEY A national strike by Australian wharf workers worsened yesterday with claims by the Maritime Union of Australia that employers are working to inflame the dispute. Employees of the company Australian Stevedores in 13 ports went on strike late on Tuesday, joining workers
      Knight-Ridder  -  221 words
    • 193 27 AFP SEOUL The government will for the first time allow foreign shipping companies to compete with South Korean lines on routes between South Korea, China and Russia starting next year, the Maritime and Port Administration said here on Tuesday. The use of
      AFP  -  193 words
    • SHIPS IN PORT
      • 482 28 Voir No Berth Arrival Dgrtn V»$«) Voy No Berth Armal Departwt Jurong Port cnengtu 2S P02 1702/0700 1802/2300 Aui.a Seraya AS/07/94 J6 atongwte 17 02/1700 Crown Reefer 1/94 P06 1702/2000 20 02/0600 fctam indan N100 J7/8 alongside 1702/2300 Eastern Q 05E/94 P096 16.02/1900 17.02/1900 Pew. Fortuna 04/94
        482 words
      • 1062 28 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING OF EXPORT FCt CONTAINERS AND LCL CARGO Racord Booking/Balance Rsits tap Voy No Etb/Btr Pariod From To From icx Daisy 049A 19/0700 3 17/0700 17/1159 17/1400 4 17/1700 17/1459 17/1700 to Jadt 1768 18/1100 2 16/1700 17/0659 17/0900 4
        1,062 words
    • 9316 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. LEGEM) PN: ship calls at Pcnang after
      9,316 words
    • 3089 41 A«c Agenaes Pte Ltd (SyMarine Handling Sdn Bhd (PK/PN). Accord Groap: Accord Shpg Pte Ltd (SVAccord Contr Line (PK/PN). Adkris Bmlmm Corvoratioa Philinoiae Calsource Shpg A Trdg Pte Ltd (S) Ahreakiei Liacr Service: Kim ShpgA Trdg(S). AXw Sea-Air Servicr. Frau Shpg Pte Ud (S). AIM C Toepfcr Line:
      3,089 words
    • 275 41 Abacus Courier* Tel: 545-8011. Ft*: 545-1898. Air Express Trod Td: 533-5771. Fax: 535-6144. Airborae Freight Corporation Tel: 542-8844. Fax: 542-3716. *****80. Akiwift Worldwide Coarier Td: 278-0188. Fax: 273-8283. AJS Supplies Td: 748-6322 (2 Unes), 747-7421. Fax: 742-8975. City-Liak lateraatioaal Td: 344-3377. Fax: 345-6450. Clatter Liak Sopites k Sen
      275 words
    • 1472 41 Ahax Exams Freight Td: 542-7171. Fax: *****84. Acdaic Forwarder Td: 225-1833. Fax: *****42. Acthair Siagagora Tei: 542-7822: Fax: *****20. Aeroiink Fr*i®ht Intcrnibcoti Td: 545-803TF«x: *****05. Tet" 342-5911. Fax: *****18. Air Cargo Noro Expraas Td: 542-5454. Fax: *****06. Air Expraas lataraatioaal Td: 542-7666. Fax: *****74. *****50. Air Market Expreaa
      1,472 words
    • 2337 42 ALBANIA Dunes: Three vessels in port discharging bagged flour, 1 vessel awaiting berth to load chrome ore. ARGENTINA Diamante: No vessels berthed, no vessels in roads, max draft 18 ft 8 ins. San Lorenzo: Two vessels loading soyapellets, 1 vessel in roads to load soyapellets, 20 vessels due
      2,337 words
    • 553 42 ARRIVALS DEPARTURES Op Rigkt Type ETA T From Op Flight Type ETD T To TODAY TODAY KAL KE697 B747F 0150 I SEL KAL KE697 B747F 0440 1 BKK SIA SQ827 B747F 1730 2 CPH/DXB SIA SQ/ B747F 0715 2 DXB/LON CLX CV794 B747F 1845 I LUX/DXB BA822
      553 words
    • 1207 42 SHIP SALES TANKER RATES THERE was a noticeable falling off in activity toward the end of the week, which was not surprising with the Chinese New Year holidays, coupled with a national holiday in Japan Friday and the dn-set of Ramadan. The main movement this \yeek has been in the
      1,207 words
    • 583 42 CRUISE FERRY SCHEDULES CRUISE SHIPS Arr Dep Nunc of Vessd ETA ETD Port* of Calls Port Agent Telephone No FEBRUARY 18 18 Coral Princess 1330 2015 Cruise to Nowhere Semjom Agencies 227-8284 18 18 Langkapuri Star 1500 2000 Cruise to Nowhere Jardine Shpg Agencies 224-1052 Aquarius 18 18 Leisure World
      583 words
    • 882 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 are based on average-sized stem. Market movements are indicated. The Cockett Bunker Price Index change and
      882 words
    • 209 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 253-7550 or fax: 253-2303. Title: Container Management (SDF 70%) Duration: Feb 23 Mar 30 Organiser Singapore National .Shipping Association Tel: For further dejails
      209 words
    • 1438 43 THE Baltic Freight Index for spot dry cargo shipping rates fell to 1,154 Tuesday from 1,155 on Feb 14. There has been little movement evident on the key routes on the freight market, brokers said. Cargill opened with new business from the Mississippi river to the Gibraltar-Hamburg range
      1,438 words
    • 1239 44  -  A massive project to transport potable water from Malaysia to the Middle East will mark the entry of the VLWTs very large water tankers. Fred Pundol reports Fred Pundol Seatrade Review IN THE ARID, sunbaked regions of the Middle East and Africa, the
      Seatrade Review  -  1,239 words
    • AIR AND LAND TRANSPORT NEWS
      • 574 46 MBT KUALA LUMPUR Malaysia Airlines is expanding its flights around the world to cater for the growing number of Malaysian business travellers and communities living overseas. It is eyeing lucrative routes from Kuala Lumpur to Vancouver in Canada, and New York, apart from already clinching
        MBT  -  574 words
      • 497 46 Concern over whether pilots can safely recover from high-altitude upsets The Washington Post WASHINGTON The National Transportation Safety Board has recommended that the Federal Aviation Administration establish new rules for McDonnell Douglas MD-11 flight control handling and require flight demonstrations to
        The Washington Post  -  497 words
      • 421 46 AP PARIS Money-losing Air France gave hints to employees on Tuesday of a new cost-cut-ting plan to replace an earlier programme that sparked a violent strike and forced the chairman to resign. Union officials reported that a four-page letter from new chairman Christian Blanc
        AP  -  421 words
      • 228 46 Reuter AMSTERDAM KLM Royal Dutch Airlines NV and Northwest Airlines said they will be the first airlines in the world to jointly launch an upgraded, uniform business class in an effort to boost returns from the luxury end of the market. "The
        Reuter  -  228 words
      • LOG BOOK
        • 81 46 Reuter NEW YORK AMR Corp said it has set an April target t© finalise a strategic alliance with PWA Corp's Canadian Airline! "We want to close as soon as possible and are targeting somfc point in April," said AMR spokesman A 1 Becker.
          Reuter  -  81 words
        • 65 46 AFP BUCHAREST, Romania A mourning relative kisses the hand of a 70-year-old woman who was killed along with a 13-year-old girl on Tuesday when a tram went off the tracks in central Bucharest and crashed into a crowded traffic island. Seven other people were wounded. Cash-strapped
          AFP  -  65 words
        • 98 46 Reuter WASHINGTON Alaska Air Group Inc and its unit, Alaski Airlines Inc, has filed with the Securities and Exchange Commission for up to US$2OO million (SS3IB million) of convertible shelf debt securities and equipment trust certificates. The net proceeds from these will be
          Reuter  -  98 words
        • 94 46 Bloomberg Business News LONDON Ford Motor Co of the US plans to increase its stake in car rental firm Hertz to 54 per cent from 49 per cent, the Financial Times reported. Ford will take over the 5 per cent stake currently
          Bloomberg Business News  -  94 words
      • 181 46 Reuter WASHINGTON The Boeing Co on Tuesday declined comment on a Cable News Network report that Saudi Arabia is to buy billions of dollars worth of aircraft from Boeing and McDonnell Douglas Corp. Spokesmen for McDonnell Douglas did not immediately return a phone
        Reuter  -  181 words
      • 1467 46 ct* r—t n»_ ag mo rr« nut n> 1110 tomti VN74I 1310 VN740 1410 *T*-~ Hatyai MI893 1810 MI894 1430 MataM* QF81 1930 QF82 2050 TG407 2120 2035 CM MMi CWy VN741 1310 VN740 1410 KL&45 qkac *■"*<» SQ25 0635 KL838 2335 H tX^'f 05 °I°°
        1,467 words
  • Page 27 Advertisements
    • 22 27 PERSONAL FINANCE INVESTMENT Every Saturday in Business Times Birth of the Very Large Water Tanker, Page 18 MAS expanding services, Back Page
      22 words
    • 11 27 When in need, The Stroits Times Classified is what you need.
      11 words
    • 272 27 the FAMOUS SwS*N&»» pEEanm *****33 Kor more information please refer to Pg. 13 jj Complete re-engining of jj 11 Container Vessel in 3 months. 1 1 si jl P New Sulzer Diesel Singapore, jointly with Goltens Singapore Pte. p P Ltd., have just successfully completed re-engining of a 420 TEU
      272 words

  • Page 28 Advertisements
    • 407 28 TSKJJNE AGENCIES (S) PTE. LTD. fiiwft T.S.K. t.inf zsss, Qtorry RS 23J20/TSKS N TOKYO SENPAKU KAISHA, LTD. OR N« iismtmooon \mm» nit m w! tint Mi I j ULT Ig g **10.02 15.02 11.02 22.82 21.02 01.03 81.03 M M 0303 ACX VWLET 0318 10.02 "1102 11.02 22.02 2102 21.02
      407 words
    • 1222 28 _U AM «aa I»* >*-•. t'W' VILMOM- o» ur- «ti» Mom* sATum u nu? in u) in i7l lis 3 is j I 113 id I in VS9 M] 1(1 71) 23J 22 3 223 211 23 3 2«3 KB GEMMA 74/007W 212 S3 13 103 123 iTT 113 111
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  • Page 29 Advertisements
    • 2416 29 i OOCL (S) PTE LTD JARDINE SHIPPING AGENCIES JARDINE SHIPPING AGENCIES SON. BHD. TEL *****13 FAX *****42 PETALING JAY A TEL: 03-*****76 FAX: 03-*****42 DOCUMENTATION TEL: *****55 (INWARO)/*****90 (OUTWARD) PENANG TEL: *****4 FAX: *****1 CFS TEL: *****6 jRf BOOKINGS TEL: *****80 *****81/ *****82 IPOH TEL: *****3/4 FAX: *****6 CFS (PSA
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    • 2157 29 poEmsasza SAILINGS TO HONG KONG/TAIWAN/JAPAN/KOREA/CHINA SL DEVELOPER V.200E ETA SIN 21ST FEB 94 MAJESTIC MAERSK V. 9404 ETA SIN 22ND FEB 94 Vessel Voy ETA ETD FeedercO By r~ 'STirs* destinations Th« M(k MAJESTIC MAERSK V 9404 CV 22/02 0600 MRS CFS 21/02 2359 MRS JOM LP* PEN OAK LOB
      2,157 words

  • Page 30 Advertisements
    • 1649 30 ".1 AOABA R OAM/1 Hi ALSO ACCEPTING FROM 4 VESSEL VOY NO SPORE JEOOAH (VIA JED) S TON H SURG A WERP HAVRE MALAYSIA LA SEINE 34/107 23/2 12/3 15/3 13/3 Port Ketang. Penang KAI 06/306 24/2 5/3 11/3 13/3 16/3 18/3 20/3 Pasir Gudang HOECHST EXPRESS 13/307 26/2 7/3
      1,649 words
    • 593 30 FCL Breakbuik Service to: AFGHANISTAN MAM Afghanistan Ltd., Sole Foreign Forwarder in Kabul for all services C.I.S.- Vootochny, Vladivostok, Moscow, Tashkent, Kiev, Minsk, Riga, Baku, Irkutsk, Alma Ata North Korea Vietnam Mongolia Hungary CSFR a Poland FULL CONTAINER SERVICE TO NORTH/WEST AFRICA VESSEL SIN DKR CGM Normandie V 2014 17/2
      593 words
    • 1137 30 I NORASIA I 40 2°/02 11/03 14/03 15/03 15/03 11/03 17/03 11/03 19/03 20/03 I I NORASIA SAMAMTHA 9407-3 24/02 18/03 23/03 24/03 20/03 21/03 22/03 23/03 24/03 25/03 NORASIA SUSAN 9408 3 03/03 23/03 20/03 27/03 27/03 28/03 29/03 30/03 31/03 01/04 I 09/03 30/03 02/04 03/04 03/04 04/04
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  • Page 31 Advertisements
    • 1698 31 STRAITS SHIPPING PTE LTD 10 Hoe Chiang Road #11-01 Keppel TowOrs Singapore 0208 Tel: *****88 Fax; *****17 NEW GUINEA pacific line MUEP (A SERVICE OF CHINA NAVIGATION CO) ACCEPTS CARGO DUE SAHS W ST«AITS"!£K 16-17 F* Is F* FCL Lct CO>fTA MWnCt STRAITS VENTURE VOSE Muaca. lib 1«-19 F«b 21
      1,698 words
    • 2244 31 SINGAPORE AGENT: J /VI I I ,nnts) IllPfC PAO Containers (Singapore Agencies) Pte Ltd VJUllidlllvl 9 10 Hoe Chiang Road #07-01 Keppe* Towers. Singapore 0208 W l* 225 2233 Tetex: RS ***** PNOCSP Fax: 225 5327/222 7517 T CR Number: **********0Z IMPORT MAERSK e 2 '0*" ""02 ofra 04/03 c£w
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  • Page 32 Advertisements
    • 581 32 iiK EKA JAYA AGENCIES >3j§r TEL: *****22 (8 LINEB) FAX: *****05 BALES REPRESENTATIVES IN CHARGE BMTMAM I PAOM |HAM»HON*7D««CT —I "WH CITY I ►TO MYANMAR/YANQON m 88MI CONTAMBI I tmviec qceanliwes m/wr stoh nmm itok m ztn s/3 13/3 YANQON QEN. AGENT: MYANMAR MARINE CO LTD TEL: (95) ***** FAX:
      581 words
    • 1460 32 OHANJIN SHIPPING BOOKING TEL:- *****35-237 OPERATION TEL: *****41-253 SALES TEL:- *****22-233 DOCUMENT TEL: *****71-275 for vsl sn Ilk haul sa m m n* vs. m luc hau. mi u nc HANJM FELIXSTOWE 0201 U/2 K LEHAWK 025 C 10/J U/J 12/3 HWIRI FELUSTORE 0201 11/2 HMUN TORTO 001E 24/3 25/3
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    • 1392 32 Im IX IK u w KisaKTHrrouicxw htcim m n nr m S9 I i omt i«t is/2 n n/i 21/2 an wt i/i 1/1 4/1 »/i v) 17/3 a/3 ii/j 1/4 11/4 11/4 m/« is/4 im nt i/s u/j mi I. i com k m nil mi n/i 2/1 7/1
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  • Page 33 Advertisements
    • 2526 33 I II NORMANDIE BRIDGE 30W ETA SGP 19/02/94 II U SSI II ETA RDM 07/03/94 FLX 08/03/94, II II II BRE 10/03/94, LEH 12/03/94 HI II EXPORT TO: PSW/PNW SINGAPORE CALIFORNIA EXPRESS (SCX) TO: USWC US QULF MIDWEST USEC CANADA I VESSEL VOY SAP LOS OAK VAN SIT iTI (CO
      2,526 words
    • 1149 33 A I MULTILINE SHIPPING PTE LTD mm (a member of SINSOV Group) CR NO: **********0 C ENQUIRIES: *****33 BOOKINGS: *****64, *****51, *****31. *****13 BALTIC: INWARD *****97 OUTWARD *****10 T/S *****10 ifrv ,4k BLASCO: INWARD *****65 OUTWARD *****28 T/S *****46 FESCO: BOOKINGS *****06 DOC *****07 MARINE INSURANCE: *****87 INVENTORY: *****59 AGENTS:
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  • Page 34 Advertisements
    • 1667 34 4fci_ iV tf AS AGENTS: "R" LINE (SINGAPORE) PTE LTD (CH No: 1244«*****0M) TEL: *****77 TELEX: KAWAKI R*****5 FAX: *****16/7/8/9 I V V MALAYSIA "R" LINE MARITIME (MALAYSIA) SON RHD U TEL: SA *****00 PK *****75 PEN *****0 JB *****1 PGU *****5/6 1 INDONESIA: P.T. SARANA LAIITINTERNUSA. T EL: JKT
      1,667 words
    • 835 34 ©APPENSHIP /Q\ HAMBURG WW CONVENTIONAL A INDEPENDENT LINER SERVICE V-X EUROPE TO SOUTH EAST ASIA AND FAR EAST VESSELS LOADING PORTS DISCHARGE/LOAOAG FOR UNISON ANTWERP 5.2.94 11.3 94 INZHENER PARKHONYUK TARRAGONA 74 94 HONESTY HAMBURG 22 2 94 29 3 94 HARMEN OLDENOORFF HAMBURG 16.2.94 25.3.94 KOALA CONTAINER LINE I^l
      835 words
    • 274 34 GOLDEN LINE WCG <?> GUAN guan shaping V\>o<\ (PTE) LTD 23. Tatt Ajar Stmt SMGAPORE 0104 TEL bunu (10 IMS) Far *****04 (C« No *****55M0M) »TKAITI/>EMIAM CULT MKTICT S pore P Mang Penang GOLDfH HARVEST Karachi Dubai 23/24 Fab TRADE GRACE Karachi Dubai 4/5 Mar CHINA IMTICt GOLOEN NONKI China
      274 words

  • Page 35 Advertisements
    • 982 35 I f PACIFIC INTERNATIONAL LINES (PTE) LTD 1 j SSSSSSIS 140 Cecil Street, #03-00 PIL Building, Singapore 0106. I CR NO **********0E I > VESSEL VOY SIN CMB JIB JED AOJ AOE HOO PZU ASA t KOTA WUAYA WJAO37 17/2 22/2 2/3 4/3 6/S 3/3 7/3 11/3 > KOTA BERK
      982 words
    • 1099 35 VESSELS ior HAMBURG ROTTEROAM ANTWERP THAMES IE KARVt HANSA CAM« 7337* 20/02 15/03 17/03 11/03 11/03 20/03 WILE Dt CARMA 7032* 27/02 10/03 20/03 21/03 22/03 23/03 W.U DC AQULA 7532* 01/03 01/04 03/04 04/04 05/04 00/04 WIU P-HTMIA >***** 00/04 10/04 11/04 FtTM 13/5 •AISO ACCEPTMG CARGO TO ALL
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    • 398 35 1 mm MYANMA pMMk FIVE STAR LINE (Myanmar National Line) Loading for Yangon (Rangoon) Sport P-Klf Pen P.Gdc LASHO VIS4W In Port MPAA* VI99W 21/23 F«b PAGAN V2OCW 11/20 Ftto MALAYSIA AGENTS SOUS HAD SHTPfK AGENCKS Ml IE 03-*****00 PHI TEL 03 3«057(7 PW ia 04 tUIJi PQ> TU 07-*****1
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  • Page 38 Advertisements
    • 317 38 |<.|!$\&)&\&*&={@<}+;]/>|:<">$$ /£norbul^\ I NORBULK CARGO BERVICEB LTD. 1 I REGULAR CONVENTIONAL I I TIMBER AND PLYWOOD SERVICES YWA 25/2 NAN/FLU/ ANT /UK I NB-180 10/3 20/3 ROT/ANT/UK I tSP PK LOAOMG FOR I NORBULK TBN 10/3 DBN/CT/EL I ALSO LOADS TG MAUI AND KK I PK SWK/SABAH LOADING FOR NORBULK
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    • 198 38 SHINYEI SHIPPING (S) PTE LTD U||f} 10 ANSON ROAD #15-01/02 INTERNATIONAL PLAZA SINGAPORE 0207 CR NO: 1M*****000N HOT LINE: *****38 (8 LINES) EUROPE ROTTERDAM, HAMBURG FELIXSTOWE 20/2/94 LEHAVRE/ANTWERP MEDITERRANEAN Barcelona, Marseille, genoa 24/2/94 USA LOS ANGELES, NEW YORK 20/2/94 'ALL IPI DESTINATIONS. f NATIONAL EXPRESS 1" FORWARDERS (S) PTE LTD
      198 words
    • 593 38 TO AUSTRALIA/NEW ZEALAND fwi Ste frmm |Mm C MBOUC 324 «7T 12/1 17/1 20/3 2V3 21/3 ANTHBVn 375 5175 10/4 13/4 aLEM HUM 320 12/4 l»/4 24/4 27/4 2/4 SSa 377 *75 575 575" 12/s i 7/» 20/s VM MJCKLMD TO USA/CANADA *5 GtMparl Ch»«nt«t| PMaMpMa M*l« C Oui 324
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  • Page 39 Advertisements
    • 639 39 (fc FAMOUS CONTAINER LINES 10 ANSON RD. #15-21 INTERNATIONAL PLAZA, S PORE 0207 HOT LINE: *****33 (24 LINES) GOTHENBURG/SCAN 21/2 ROTTERDAM 21/2 AARHUS/COPENHAGEN 24/2 HAMBURG/BREMEN 21/2 MARSEILLE/FRANCE 22/2 FEIIXSTOWE/UK 21/2 BARCELONA/SPAIN 21/2 LEHAVRE/FRANCE 21/2 GENOA/ITALY 21/2 ANTWERP/BELGIUM 21/2 LOS ANGELES/WC/IPI 20/2 SYDNEY/MELBOURNE 18/2 NEW YORK/EC 18/2 FREMANTLE/AOELAIDE 18/2 VANCOUVER 18/2
      639 words
    • 1035 39 f 1 —^^BiißZPZEs—— M ■^■■^^MHHH T TTT7T T 77T I vessel VOY SIN PEN 1 """59! OEJA BHUM 4529 Fh 1./2 Sat 18/2 M VESSEL VOY SN BKK BHATRABHUM ITS Sat mLJW I THANA .HUM 11/2 Sun 20/2 08N Fn Ig/2__Moo_ 21/2 j WANA BHUM 218S Tua 22/2 Sat _28/2_
      1,035 words
    • 682 39 Guaranteed Sailings to: BANGKOK LAEM CHABANG JAKARTA PORT KELANG: •HO CHI MINH MANILA CEBU •SURABAYA PENANG HONGKONG We also serve other ports: USA, EUROPE, CHINA AND ALL DESTINATIONS\ pi PONGNAMA LINE Kissa ~sk ms an n m mc SARONC tuoa ¥4031 Xl/I 29/2 21/2 22/2 4/1 t/3 Hongkong aan nn
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  • Page 40 Advertisements
    • 1711 40 ■LAJIMN CONTAINER LINES, INC 12IV/VVI Agents; MAC-NELS SPORE: *****22 (24 LINES) (PANAMA) Wv/ Jem Hot **********0 c SIBU (064) *****9 KUCHING (062) *****3 PENANG: (04) *****6 BANGKOK (662) *****57 MANILA (632) *****61 P.KELANG: (03) *****77 JAKARTA: (21) *****07 SURABAYA: (31) *****0 HKG/TWN/BKK I GENOA/EUROPE PEN PKL SIN 5 SAILINGS/WEEK PEN
      1,711 words
    • 192 40 SEAWARD SHIPPING AND TRADING CO (S) PTE LTD (i* ii» lu STOK mi KtIMK PtNAAG HUI l«* 24/2 20/2 loiifcng toi MU* RUVM HUOHU 28 2 Drvhjipng and loading to* Bombai ooirwi 22 2 U 2 loading for Mdfcr no*!* surttit 2/2 loading lot Mate UMMIOH 13 Loadmc lor Malf
      192 words
    • 1079 40 THONG SOON UNES PTE LTD 1 I /\V\ 78 SHENTON WAY #10 01. SINGAPORE 0207 I I W\ J TEL: 227-5088 FAX: 227-6011 I j TLX: RS ***** CARRER, RS ***** iENHOL CABLE: TOSOCO I SINGAPORE TO SARAWAK VESSEL ~W SPORE IDEST VESSEL VOT SPORE DEsT EQUATOR JADE 103/4E 19
      1,079 words



  • Page 43 Advertisements
    • 45 43 C. FACIDRY fAaybe got chance, -tbis 1 r >* CWETEUA^ 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 Singapore Press Holdings
      45 words
    • 17 43 hv* TIC-TECH-TOE To avoid stalemates, try some fresh strategies. Innovation Technology. Every Thursday. f Business Times •FOOVASM
      17 words

  • Page 44 Advertisements
    • 288 44 I J. VIGOUR PACIFIC LINES I I M'" "M _—MIUCTi OCyi¥R#E VESSEL VOYAGE SINGAPORE MANILA VIGOUR SINGAPORE 9408N 18/02/94 26/02/94 VIGOUR SINGAPORE 9408 AN 21/02/94 26/02/94 LOAMNG EVERY VIGOUR PACfIC 9409N 25/02/94 05/03/94 D Y Y vigour P.chc CONTAIHgRteBVttE VESSEL VOYAGE SINGAPORE I PORT KLANG PENANG SINGAPORE 50(101 1 9403N
      288 words
    • 40 44 hill covfTAim samcc VESSEL VOY SIN JKT SERAYA JAVA 134SR 25/02 27/02 SENTOSA JAYA 190S 20/02 23/02 SENANG JAYA 164SN 17/02 20/02 ALL VESSELS BERTH AT "Wl" IN JAKARTA INDONESIA AGENT JAKARTA PT ANGGI OCEANINDO LINE TEL: *****75 FAX: *****86
      40 words
    • 305 44 G8 AMY I ON HOLIDAYS WHEN YOU SHIP WITH US Jvjt BHEAKBULK «t CONSOLIDATION SERVICES PTE LTD ()ll LJOckXm/ W b HOUSE 37 lH»lin lUII Singapore 0208 Tel: 225 8332 fax 224 3343 TITIMAS SHIPPING U TRADING SDN. BHD. TITIMAtp KELANG (03)*****55 (H/Lil») Fax: 03-*****63 Tt»: MA 3—ls TIIIT* VESSELS
      305 words
    • 233 44 I JL cosco UKC CONVENTIONAL SERVICE VESSEL PKL PNG P.O. LOADING FOR: A VESSEL 28/02 Rotterdam/Antwerp CHINA CONVENTIONAL SERVICE VESSEL PKL PNG P.O. LOADING FOR: A VESSEL 15/02 20/02 Huangpu/Guangzhou COSCO FULL CONTAINER SERVICES (FCL/FCL) EXPORT TO: CHINA/BANGKOK/HONGKONG EUROPE/CONTINENTAL WEST MEDITERRANEAN AUSTRALIA US WEST COAST PERSIAN GULF/KARACHI Plmm refer above
      233 words
  • Page 44 Miscellaneous
    • 690 44 TODAY'S TIDES (hcjglht in metres) HOUR 0000 0100 0200 0300 0400 0500 0600 0700 OtOO 0900 1000 1100 1200 1300 1400 1500 1(00 1700 1100 1900 2000 2100 2200 2300 1.7 2.3 2.6 2.7 2.5 2.2 1.7 1.2 0.9 0.1 0.1 1.0 1.4 1.9 24 2.3 2.2 2.0 1.6 1.1
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  • Page 45 Advertisements
    • 973 45 A HYUNDAI I MERCHANT MARINE CO. LTD. WESTBOUND TO EUROPE BKG: *****61 VESSELS VOY PWA PKE PGP VESSELS VOY ISH i HTM OUT* LEH* HAM BKtt FEL NOR MALACCA 9407 A 14/01 15/02 17/02 H. FRONTER 309 V) 21/02 11/03 12/03 14/03 13/03 13/03 15/03 HMM ADVANCE 038 A 21/01
      973 words
    • 447 45 STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS INBOUND VESSELS KSSU W V H IK U COSIC TUMI 141 11/! M/ 2 KNOT 117 1/3 l/I Mill MM HI 1/1 1/J «W ST VII 11/3 TIM II 1/3 S/3 MUO MM Ml 1/3 11/3 SEMMCBYI IN 1/3 1/3 OUTBOUND
      447 words
    • 928 45 I VESSEL IVOY SH ETA/D I LAX OAK I CH PAL ItM/COL HOU |NTC NOR ALLIGATOR PRBE 49A 17-11/02 OG/03 01/03 M/ 03 10/03 10/03 11/03 11/03 12/03 "GEORGE WASHN6TON BR 7<A 24-2S/02 13/03 15/03 16/03 17/03 "17T03 U/03 11/03 19/03 ALLIGATOR VICTORY 51A 03-04/03 20/03 22/03 23/03 24/03 24/03
      928 words