The Business Times, 1 March 1994

Total Pages: 48
1 48 The Business Times
  • 13 1 Business Times MITA(P) 010/12/93 Tuesday March 1 1994 H K\OW ASIA 75 c
    13 words
  • 2am LATEST
    • 42 1 Reuter NEW YORK Strength in the bond market was the driving force behind a rally yesterday in Wall Street stocks, analysts said. At Ipm EST. the Dow Jones industrial average was up 12.57 points at 3,851.35. Reuter
      Reuter  -  42 words
    • 56 1 Bloomberg Business News LONDON The Japanese government and several Japanese private companies are negotiating to invest as much as US$3 billion (554.7 billion) in Venezuela's petroleum industry. Opec's News Agency last night said the Japanese ambassador in Caracas had invited Venezuelan firms to
      Bloomberg Business News  -  56 words
  • 162 1 Stock market indices Monday Change STII 2.342.72 -14.67 KLSEComp 1,125.63 +1.52 Nikkei 19,997.20 +193.82 Hang Seng 10.410.23 +309.98 SET Index 1,372.93 -46.61 Jakarta Comp 546.23 -1.28 CLSA China B 1,217.88 -3.21 Aust All Ord 2.180.1 +31.3 FTSE 100 3,328.1 +46.9 Monday Previous lpm close Dow Jones 3,851.35 3,838.78
    162 words
  • 541 1  -  By R Sivanithy SINGAPORE One week short of its anniversary, the options market here is showing signs of anaemia, and experts say quick measures are sorely needed to activate it. For the whole of 1993, just 14,819 contracts were traded, giving
    541 words
  • 185 1 Bernama KUALA LUMPUR Bank Negara Malaysia is reported to be inquiring into Rakyat Merchant Bankers Bhd (RMB) for alleged non-compliance of the capital adequacy ratio. Industry sources yesterday said that the merchant bank was found by Bank Negara to be lending out higher than
    Bernama  -  185 words
  • 478 1 Reuter BEIJING European Commissioner Leon Brittan warned China yesterday not to punish British firms in retaliation for a dispute over Hongkong, saying such action against any member of the European Union (EU) was unacceptable. Sir Leon, in Beijing for talks on subjects including
    Reuter  -  478 words
  • 495 1 euter FRANKFURT The German Bundesbank yesterday paved the way for a modest decline in a key German interest rate, just two days after the Group of Seven (G-7) declared that global inflation was being brought under control. "It is the first step
    euter  -  495 words
  • 598 1  -  From Catherine Ong in HONGKONG GLOBAL banking giant HSBC Holdings has exceeded stock market expectations with a 48 per cent jump in net earnings to £1.806 billion (554.2 billion) for the vear ended Dec 31. 1993. The strong year-end results boosted
    598 words
  • 252 1 SINGAPORE The region's share markets closed mixed yesterday, with Hongkong posting the best performance. In Singapore, trading was subdued throughout the day. The Straits Times Industrials Index, which at one stage was up 10 points, closed 14.67 points lower
    252 words
  • Page 1 Advertisements
    • 161 1 The Watts SraM 35mm Auto Focus Zoom Camen Nikon KBM3ODQD CONTENTS S pore News 2 S pore-HTsa 17,18.20 Regional News 3.4.6 financial 21.22 World News 7.8 Features Markets Analysis 15 Clob/KlS£. S£S 2fr2B Editorial 1« Regional .24 Sports 4 World 25 TV/Lifestyle 11 Currencies 22 Property 12.13 Sinw«, Commo ...22.23
      161 words
    • 25 1 Property: Pg n Persistence pays offfor developer HOCK LOCK SIEW Will born-again market find life? Page 17 Indicators point to Japanese economic recovery, Page 16
      25 words
    • 8 1 Hock Lock Sien&fy 17 Options need nuxre life
      8 words
    • 64 1 j The Bottom Line: Pg m British govt in hot soup again a Sis mm! tWI j iflKHpir Vermeil or Solid Silver ■Wmm? Regular deployante buckle ••"•IIP 11 11 Water resistant to 30m artier Boutique/ SINGAPORE Ngee Ann City, Tower B, #01 -11,391 Orchard Road. Tel: *****27 Hilton International, #01-04,
      64 words
    • 26 1 The Worid's Smalett 35mm Auto 4r Focus Zoom Camera WBi Nikon ZGDNI3GDQP Merger pays off as dealing profits leap 75pc. Page 18 Full reports. Pages 24-28
      26 words

  • SINGAPORE NEWS
    • EYE on the ECONOMY
      • 277 2  -  By Anna Teo IN LINE with slower economic expansion, loans growth is likely to moderate to 8 per cent this year. Summit Securities also does not expect significant growth in deposits either. It is projecting a 6 per cent increase, given that interest rates
        Source: Dept of Statistics  -  277 words
    • NEWS ROUNDUP
      • 96 2 A PROTOCOL for amending a convention between Singapore and Holland was signed in Singapore yesterday. The protocol amends the Convention for the Avoidance of Double Taxation and Prevention of Fiscal Evasion with respect to taxes on income and on capital. This is expected to bring
        96 words
      • 64 2 THE chairman and chief executive of Fuji Xerox of Japan will deliver this year's Singapore Productivity Lecture. Yotaro Kobayashi, who is also a special adviser to Japan's Economic Planning Agency, will discuss the Japanese economy, its achievements and the challenges it faces. His
        64 words
    • 279 2  -  From Loh Hui Yin Bangkok SINGAPORE Prime Minister Cioh Chok Tong begins an official visit to Vietnam tomorrow at the invitation of his Vietnamese counterpart Vo Van Kiet. Mr Cioh, who is visiting Vietnam for the first time, will be accompanied by Minister
      279 words
    • 587 2  -  The OSA trial By Ramesh Divyanathan THE PROSECUTION yesterday probed Business Times editor Patrick Daniel on discrepancies between his statements to the Internal Security Department and his evidence in court. Cross-examining Daniel. Deputy Public Prosecutor Errol Foenander pointed
      587 words
    • 257 2  -  Letter to The Editor Yeong Yoon Ying (Mdm) Press Secretary to Senior Minister YOUR heading in Business limes. Friday. Feb 25. "Singapore to guarantee terms of Suzhou/Shandong projects", is misleading. This is the actual question by Peter Seidlitz of
      257 words
    • 246 2 THE new chairman of the Stock Exchange of Singapore. Chua Kim Yeow. has given up his chairmanship of the Securities Industry Council after serving for 13 years. A government gazette yesterday announced that Tan Boen Eng. a senior official with the
      246 words
    • 315 2 US-BASED Eastman Chemical will be locating its new $100 million polyethylene terephthalate or PETG plant in either Singapore or Malaysia. The company, which has been checking out seven locations in four countries, will announce its final decision for the facility later this year. "The
      315 words
    • 333 2 Focus on child care, care for elderly, home service, education SINGAPORE'S co-operative movement has identified new areas of possible activity for its future growth and expansion. These areas are child care, care for the elderly, home service and education. Delegates at the First Cooperative Leaders'
      333 words
    • 231 2 THE government sees local enterprises as playing an important role in the next stage of Singapore's economic development. and will spare no efforts to lift their capabilities and standards. Goh Chee Wee. the Minister of State for Trade and
      231 words
  • Page 2 Advertisements

  • SOUTH-EAST ASIA
    • 457 3 Bernama AFP, Reuter KUALA LUMPUR The youth wing of Malaysian Prime Minister Mahathir Mohamad's political party yesterday threatened to blacklist local companies that have business dealings with Britain in retaliation for London press claims of corruption in politics here. "We
      Bernama; AFP,; Reuter  -  457 words
    • 410 3 Bernama KUALA LUMPUR Malaysia will spend MS 16.2 billion (559.4 billion) in the next five years to develop its telecommunications industry. The country plans to become not just the hub of telecommunication activities in the region but also a strong telecommunication equipment
      Bernama  -  410 words
    • 373 3  -  By Harish Mehta SINGAPORE Vietnam has terminated all fishing contracts with foreign companies in a bid to stop the poaching of fish in its territorial waters and preserve its seafood resources, and to curb maritime smuggling. The new rules, banning
      373 words
    • 289 3 Reuter HANOI Vietnam will replace 15 airliners at a cost of US$l billion (551.58 billion) in the next few years and needs more than US$3OO million to upgrade three airports, a senior civil aviation official said yesterday. Now that the United
      Reuter  -  289 words
  • Page 3 Advertisements
    • 65 3 FOR LEASE the Sovereign Resort Living with A Difference T Brand new prestigious development T Conveniently located close to Clubs, East Coast Park, CBD, Shopping Centres, Changl International Airport and many others 3 T Quality finishes practical layout T Excellent facilities and 'tip-top' security with 35 card key access through
      65 words
    • 229 3 Major can help break impasse, Pg 14 The British government's in hot soap again, Pg 16 Apply Now For A Touch Of Paradise V rjjj' t 1 I&W ■m* -'jH M. if- k v Jr s jit&t >- THE ORCHID COUNTRY CLUB. A club Facilities include: *HoTEL ACCOMODATION COMPUTERISED that
      229 words

  • CHINA/HONGKONG/TAIWAN
    • CHINA WATCH
      • 97 4 Bloomberg Business News BEIJING A senior Chinese economist has forecast trade between China and Japan to be worth US$lOO billion (SSISB billion) by the end of the century, but only if Tokyo lifts trade barriers. "Experience has proven that Sino-Japanese trade doubles every five or
        Bloomberg Business News  -  97 words
      • 70 4 AFP TAIPEI Taiwan may freeze importation of Thai workers if they continue working illegally on the island and Thai employment agencies carry on charging workers exorbitant fees. Council of Labour Affairs chairman Chao Shou-po said the council will consider the freeze in a bid
        AFP  -  70 words
      • 100 4 The Straits Times BEIJING Shenzhen has surpassed Shanghai as the top Chinese city for foreign trade. The latest data in an official report showed that more than US$4O billion worth of goods went through Shenzhen customs last year, up 9.5 per cent over the
        The Straits Times  -  100 words
      • 78 4 Reuter BEIJING China yesterday published details of its restrictions on satellite television, strictly limiting the organisations allowed to install dishes and banning most individuals from tuning into foreign broadcasts. The rules, from the Ministry of Radio, Television and Film and published in
        Reuter  -  78 words
      • 70 4 AFP BEIJING China will eliminate abject poverty by the year 2000, solving food and clothing shortages for its estimated 80 million poverty-stricken people, a senior government ofTicial vowed yesterday. Announcing the ambitious seven-year plan, state councillor Chen Junsheng said the government aimed to raise the
        AFP  -  70 words
      • 89 4 Reuter BEIJING China Great Wall Industry Corp signed a contract yesterday with General Motors Corp's Hughes Communications International Inc unit to launch the Optus B3 communications satellite, the Xinhua news agency said. It quoted Liu Zhixiong, deputy president of Great Wall, as saying that Optus B3
        Reuter  -  89 words
    • 389 4  -  By Schutz Lee SINGAPORE The Chinese economy ended 1993 with its gross domestic product growing a shade beyond what had earlier been officially estimated. The State Statistical Bureau (SSB) announced yesterday that China's GDP grew by 13.4 per cent to 3.14 trillion yuan
      389 words
    • 62 4 AFP BEIJING A poppy, scrubbed, washed and for sale, shivering from the cold as it peers out at prospective customers from a leather bag on a Beijing street yesterday. Although keeping pets of any kind in China is still considered bourgeois by the government,
      AFP  -  62 words
    • 514 4 Reuter HONGKONG China will replace its foreign exchange swap centres with foreign exchange trading centres in Shanghai and Shenzhen later this year as an interim step towards reforming its centrally controlled forex market, says a Bank of China official. "This is
      Reuter  -  514 words
    • 304 4 AFP HONGKONG China has called for a monitoring body to be set up to control costs at Hongkong's new airport project, as Sino-British ties deteriorate in the row over the colony's future, it was reported yesterday. Xinhua News
      AFP  -  304 words
    • 473 4 Many firms have refused to pay higher prices or salaries after the yuan flotation Bloomberg Business News BEIJING China has warned Beijing's foreign business community they could be hit by strikes if they continue to reject a 50 per cent
      Bloomberg Business News  -  473 words
    • 255 4 Router HONGKONG The colony's searing property market will be put to the test today when three plots of government land, zoned for residential use. will be released at public auction. While the new plots, sized at as little as 7,059 sq m, are
      Router  -  255 words
  • Page 4 Advertisements
    • 48 4 Ow \< v*ok eMfoivj Ji'vicc X.Tw X^>"l&>£ is -»fl£ moH 4iS«MyWov\s NO*Wa> Av\ CtMIiKC, S»*4)Af©»C. WitU o*t£*> WovH*y of- -Hvt ~?t> *tr***dUL~ v j you AM *w A**bie»tc vt*«™<iux*r *f if-the m/* randoor fkW* >/0* C** CO**4, ft? IrwU* wtftiowv+- booking PMVtowsLg^or* ftdtful (*W Support. CfilfL. for f 73VffSn.
      48 words
    • 132 4 KL., GOLDEN TRIANGLE INVESTMENT OPPORTUNITY pF«m*f 99-norcy FREEHOLD condo»»*um Cloae to the upcoming K.L. Exchange Square Slutted withm KL'» Golden Triangle Neanng compaction At the select addicts of Bolot Ceylon Showflat available for viewing 5-10 min». wJk to KL't lop shopping certiet Fiifl rrrrritinn and Ueimw rrriibU and 5-«« hotels
      132 words

  • Page 5 Advertisements
    • 154 5 .-J A\> A V \fi 'v; 'Sf -'M^'i2":'- v 1"-* >V".' •>..'> v.-*«.*,* > v 1 < •s- i V v 'VK r fei m£gf* "%>, v i" Sleeping in Business Class. A brief history. R r IQQ4 <-'41 o.LDk> The global alliance of KLM and Northwest personal space...with nearly
      154 words

  • REST OF ASIA
    • 587 6 Bloomberg Business News, AFP TOKYO The most-watched portion of the Bank of Japan's February tankan survey of business sentiment, the diffusion index of major manufacturers, will likely remain at minus 56, according to a survey of 12 economists compiled by Bloomberg Business News. The
      Bloomberg Business News,; AFP  -  587 words
    • 360 6 Reuter CANBERRA Australian Prime Minister Paul Keating yesterday lost his third cabinet member in three months when Environment and Sports Minister Ros Kelly resigned over an AS3O million (5534.2 million) sports funding row. Ms Kelly, a close
      Reuter  -  360 words
    • 331 6 Reuter TOKYO Japan is unlikely to respond swiftly or boldly to pressure from its partners in the Group of Seven (G7) industrialised nations to boost its stalled economy, economists said yesterday. Tokyo's macroeconomic cold shoulder, however, could leave the yen vulnerable to upward
      Reuter  -  331 words
    • ASIA NOTES
      • 50 6 Bernama KUALA LUMPUR Members of the National Union of Telecoms Employees (Nute) will begin a boycott of overtime today. Nute president Mohamed Shafie P Mama! said yesterday this was to protest against Telekom Malaysia's failure to resolve the grading of 28,000 non-executive employees since 1992.
        Bernama  -  50 words
      • Article, Illustration
        32 6 Reuter MANILA Filipino vendors plying their wares atop their heads in a scorching heat in Manila yesterday. The hats which cost IS pesos (550.71) a piece sell like hotcakes. Reuter
        Reuter  -  32 words
      • 67 6 Reuter HANOI Licensed foreign investment in Hanoi, Vietnam's capital, doubled to USSI.4 billion last year, the sixth year after the country first allowed such investment. An official report yesterday said Hanoi approved about 50 foreign projects worth US$7OO million in 1993. The official Vietnam News
        Reuter  -  67 words
      • 89 6 Reuter MANILA The Philippines yesterday refuted charges by a senator that the sale of 40 per cent of its shares in the county's largest oil refiner, Petron, to Saudi Aramco for US$5O2 million (SS79B million) was a bargain and that the bidding had
        Reuter  -  89 words
      • 53 6 Reuter SYDNEY Australian retail sales data, to be released on Thursday, should show increased consumer demand in January which should recover almost all of December's unexpected decline, analysts said. Median forecasts are for a seasonally adjusted rise of 1.3 per cent after December's 1.5 per
        Reuter  -  53 words
    • 368 6 Reuter. TOKYO Japan's next major macroeconomic task is to decide how to handle tax cuts, a senior official at the Ministry of International Trade and Industry told reporters. But Yoshihiro Sakamoto, director-general of Miti's International Trade Policy Bureau, said he could
      Reuter.  -  368 words
    • 356 6 Reuter TOKYO Japan yesterday launched the first full review of its defence policy for nearly two decades in an attempt to cope with rapid changes after the Cold War. Prime Minister Morihiro Hosokawa summoned a panel of academics, retired generals, and
      Reuter  -  356 words
    • 320 6 AFP SEOUL Sinsegi Mobile, a subsidiary of the giant South Korean conglomerate Pohang Iron and Steel (Posco). will lead a consortium to develop and run the country's seeond eel I u la r phone network. The Federation of Korean
      AFP  -  320 words
  • Page 6 Advertisements
    • 683 6 ins M Marketing Institute of Singapore ARKETING IN OUR STRIDE The Marketing Institute of Singapore is the national organisation for marketing professionals in the country. Founded in 1973 as a non-profit organisation, its mission is to promote marketing as a philosophy of business, to further professionalism In marketing practices and
      683 words

  • THE WORLD
    • 425 7 Reuter FRANKFURT Germany, struggling to emerge from recession, faced fresh unrest on the labour front when public service workers began token strikes on Sunday. Bus and train drivers in the country's industrial heartland of North-Rhine Westphalia prevented thousands of workers from getting to
      Reuter  -  425 words
    • WORLD WATCH
      • 70 7 Bloomberg Business News FRANKFURT German plant and machinery orders rose a real, or price-adjusted, 2 per cent in January from a year earlier, the VDMA association of German machinery and plant builders said. That compares with a one per cent annual climb in December. While
        Bloomberg Business News  -  70 words
      • 88 7 Reuter MOSCOW Russia yesterday expelled an official from the US embassy in Moscow in retaliation for the expulsion of a Russian diplomat in Washington, US Ambassador Thomas Pickering said. Interfax news agency, quoting a source in the Russian intelligence services, named the official as a
        Reuter  -  88 words
      • 73 7 Reuter PARIS French Gross Domestic Product shrank 0.7 per cent in 1993 after growing 1.4 per cent in 1992, the national statistics institute, Insee, said. Market sector GDP, which excludes state activities, fell 1.2 per cent in 1993 after rising 1.2 per cent in 1992. Insee
        Reuter  -  73 words
    • 420 7 No decision yet on when to resume peace talks in Washington Reuter TUNIS A senior PLO official insisted yesterday that self-rule negotiations with Israel were suspended and there had been no decision on resuming them in Washington. "The Palestinian side has recalled all its
      Reuter; AFP  -  420 words
    • 528 8 Washingto Post WASHINGTON The Ginton administration last week spent an estimated U*****,000 (*****,500) to help American defence contractors promote their products at a major air show in Singapore, a reversal of previous administration practice that has alarmed advocates of tighter
      Washingto Post  -  528 words
    • 396 8 Bloomberg Business News NEW YORK US firms plan to hire more employees in the second quarter of 1994 than they hired the quarter before. The durable goods and construction industries will hire the most people, according to the latest
      Bloomberg Business News  -  396 words
    • 53 8 Reuter BEKKERSDAL, South Africa South African Defence Force medics attending to victims of a hand grenade attack on an Inkatha Freedom Party funeral procession in this township west of Johannesburg on Sunday. Three people were killed and more than a dozen wounded in
      Reuter  -  53 words
    • 389 8 Bloomberg Business News TEHERAN Iran and Germany have reached a bilateral deal to reschedule 4.5 billion Deutschemarks (554.15 billion) in Iranian debt owed to German companies under the biggest refinancing package of its kind offered to Teheran, officials said. The agreement
      Bloomberg Business News  -  389 words
    • 593 8 Newsday Reuter MOSCOW Russia appears headed for a new cycle of political instability and confrontation as a result of the release from prison on Saturday of the leaders of last October's bloody anti-government revolt. The freeing of former vicepresident Alexander Rutskoi,
      Newsday; Reuter  -  593 words
  • Page 7 Advertisements
    • 76 7 Unlike other restaurants, we have a way of serving wine. In a glass. pAR.i f There are now more reasons to visit Maxim's, Singapore's most romantic French restaurant. A complete range of fine wines, that you can even order by the glass. And a mesmerising new menu from award-winning chef
      76 words
    • 252 7 WHY WE COMMUNICATE I LESS FOR FASTER PICK-UPS. 1 t v t? 05-018 IB os-o i iotij slog* Bt<OG"*PRCKRGE REROV, PE6GV"RfI/UJPX* K. ;*£?&\«3Ls,".~" PEG6Y*I23O*I33O I II I IHI i!*mAt DHL we believe that there are no coded messages to our couriers via their Radio And that again is proven in
      252 words

  • Page 8 Advertisements
    • 576 8 Steamers Maritime Holdings Limited (Incofporaled In the Republic of Singapore) 1. UNAUDITED RESULTS FOR THE YEAR The Directors advise the following unaudited results of the Company and the Group for the year ended 31 December 1993: COMPANY GROUP 1993 1992 1993 1992 $'000 $'000 $'000 $'000 Turnover 92,823 92,794 Operating
      576 words

  • SPORTS
    • 452 9 XVII Winter Olympic Games ASP LILLEHAMMER, Norway The Olympics went into overtime on Sunday. After Italian Alberto "La Bomba" Tomba's explosive last slalom run came just short of a gold medal... After Thomas Stangassinger salvaged some Austrian Alpine skiing honour by beating Tomba...After Kazak cross-coun-try skier
      ASP; Reuter  -  452 words
    • 345 9 Golf AP JEREZ DE LA FRONTERA, Spain England's Carl Mason ended 20 years of frustration on Sunday when he shot a two-under-par 70 to win the Andalusian Open by two strokes over Jose Maria Olazabal of Spain. Mason, who struggled on the final two holes,
      AP  -  345 words
    • SPORT SHORTS
      • Article, Illustration
        64 9 Reuter CHRISTCHURCH A maiden test century by Shane Thomson steered New Zealand to a fivewicket win over Pakistan on the last morning of the final test yesterday. Set 324 to win, New Zealand started the day needing just 47 with six second innings wickets standing and completed their task
        Reuter  -  64 words
      • Article, Illustration
        294 9 Reuter Reuter AP JEREZ, Spate Final rouad ■ceres of Ike Aadalacia Open Saaday (British aaleaa statad* 278 Carl Mason 67 70 71 70 280 Jose Maria CMazabal (Spn) 69 68 71 72 281 Gordon Brand Jr 71 69 69 72 282 Per-Ulrik Johansson (Swe) 69 72 71 70 283
        Reuter; AP  -  294 words
      • Article, Illustration
        25 9 Reuter NEW YORK NHL Swriay: Boston 4 Chicago 0; Washington 3 Hartford 1; NY Islanders 5 Quebec 2; Edmonton 3 Tampa Bay 2.
        Reuter  -  25 words
      • Article, Illustration
        117 9 AP NEW YORK With the World Cup about four months away, only 20 per cent of Americans even realise it's being played in the US. A Harris Poll released on Sunday said only 25 per cent of Americans know that the World Cup involves soccer and just 18 per
        AP  -  117 words
      • Article, Illustration
        114 9 AP INDIAN WELLS, California Top seeded Steffi Graf of Germany continued her domination of women's tennis by beating sixth-seeded Amanda Coetzer of South Africa 6-0 6-4 in 57 minutes to win the US$4OO,OOO (*****.000) Evert Cup on Sunday. Graf, who has not lost a set in 17 matches this
        AP  -  114 words
  • Page 9 Advertisements
    • 599 9 0 Keppel H m M Integrated 1 Engineering 1 Limited |pyk (Incorporated m ttw FUpubNc ot Slngtpon) UNAUOITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 1993 HR The Directors of Keppel Integrated Engineering Limited adviee the following X& unaudited results of the Company and of the Group for the year
      599 words
    • 528 9 IF 1 I Keppel Finance Limited I (Incorporated in the RepuMc of H I AUOITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 1083 I Directors advise the foNowing audited results of the Company and of the Group for the year ended 31 December 1993: H I COMPANY GROUP I 1993
      528 words

  • Page 10 Advertisements
    • 606 10 Nothing Beats A ButLKaaa or i.Hßlachine A good reason to visit Mischief the ftjn pub: From spm to Bpm daiy, beer and house pouring drinks are at only $3.50+* each. Mischief Is open from 11 am to lam daily <JL (till 9am on Fridays, Saturdays ft ft eve of public
      606 words
    • 222 10 UH911K93 lIIICS, A uviuaj ITiai VII 1 17^ WHERE TO WINE, DINE AND ENTERTAIN V# pf) Mar {pmcflu/y A £/tUf a^u^~ Why not make your next corporate function a mix of business and pleasure? Hold it at our corporate room in Singsation. Singapore's first theme karaoke lounge at the Plaza
      222 words
    • 388 10 'Gr]F<e<aLl£<esii In a ivord. In all modesty, it is the one word that best describes the appetiser spread at our monthly international lunch buffet. If you haven t tried it, our suggestion, in a word, would he hurry 'for reservations, please call *****51. /T\ Sinfapore 'Jrench 'Buffet for the month
      388 words

  • LIFESTYLE
    • 953 11  -  Wine making is gradually but surely becoming a rewarding industry for a growing number of high-tech executives in Silicon Valley. Michael Malone reports Michael Malone NYT A GROWING number of high-tech executives are finding relief from one of the newest of industries by investing
      NYT  -  953 words
    • 532 11 CHATTERBOX Reuter UPI UPI IT SEEMED as if there were no words of praise too laudatory for Steven Spielberg at a tribute held for him last Thursday by the American Museum of the Moving Image. More than 900 people, including many film stars and executives, and not
      Reuter; UPI  -  532 words
    • Article, Illustration
      38 11 Reuter SYDNEY A model showing off jcweller> and a U*****,000 (S$ < M>6,960) watch at a Sydney watch gallery yesterday. I he watch, made up of 246 diamonds and .36 rubies, takes one-and-a-half years to make. Keuter
      Reuter  -  38 words
  • Page 11 Advertisements
    • 161 11 c o LAD E N When it comes to selecting the right venue for that important seminar, you can count on the Golden Landmark Hotel 5 luxurious function rooms with a capacity of up to 200 persons, including the newly renovated Galaxy Room will cater to all your seminar needs.
      161 words
  • Page 11 Miscellaneous
    • 1342 11 TV RADIO Allan Quartet-main And The Lost Bjj City Of Gold. 8.30pm, TV 2 K fl A fXK>r to JSA| IBr ard hambcrlain reprises his v*tl>lH^M as the intrepid adventurer. He a piece gold /V to to to search brother. Sharon f% Stone tags along as his archae- |BMfy •.OM
      1,342 words

  • PROPERTY & CONSTRUCTION
    • 1262 12  -  The road was often rocky and trying, but developer Pek Ah Tuan tells A J Leow how patience finally pays off for him A J Leow T is not easy to I make money." I Pek Ah I Tuan. the chairJJL. man of contractor
      Photo by Arthur Lee  -  1,262 words
    • 311 12 JonesLang Selected market transactions in the past week Mi of 1» j Mffct tmaactlon uwna property type LHn) ftuftup T,w,ri J (S$) mmm Feb 19,1994 0511 Normanlon Part Apt 1270 i 99LH 448,000 353 Feb22,1994 0511 j BayvieCondo Apt 1023 FH 636,000 622 Feb 21,1994 0923 La Crystal
      311 words
    • 628 13  -  While others are predicting a softening of prices. Alan Cheong from Yamaichi Merchant Bank sees a firm market ahead. Sylvia Wong reports Sylvia Wong Property prices are set to rise another 14.5 per cent this year, said an analyst from
      Source: Yamaichi  -  628 words
    • 246 13  -  By Lilian Ang THE Far East group can expect to rake in SIS million to $20 million in profits from its proposed condominium project in Bayshore. The 1.038-unit development. the group's largest this year, is likely to be launched within the
      246 words
    • 382 13  -  By A J Leow ing 1,000 families as well as a business park when fully developed by the year 2000. The total cost of developing the resort in the Bangi new township, a 30-minute drive from downtown Kuala Lumpur, is
      382 words
    • REGIONAL SKYLINE
      • 68 13 Australian Financial Review MELBOURNE Grosvenor International and Sun Life Assurance Society have sold their Queen Street building for A 56.7 million to an undisclosed Asian investor. The 15-storey property has an income of A 5757,000 (*****,000) a year. The sale is the latest in
        Australian Financial Review  -  68 words
      • 71 13 HONGKONG The Kwun Tong Mass Transit Railway line may be extended from Quarry Bay to Tin Hau. says The South China Morning Post. The extension is needed to ease congestion at Quarry Bay, where passengers change between the Kwun Tong and Island lines.
        71 words
      • 75 13 HONGKONG Sing Tao Holdings has sold its last remaining 99,479 sqft of warehouse and car-parking space at Sea View Estate, North Point, to Uniland for HK5245.8 million (SS49 million), according to The South China Morning Post. The deal is scheduled for completion by March 23.
        75 words
  • Page 12 Advertisements
    • 1023 12 SINGAPORE INSTITUTE OF MANAGEMENT The first educational and training institution in Asia to achieve ISO 9000 Certification MANAGEMENT DEVELOPMENT PROGRAMMES March To May 1994 I GENERAL MANAGEMENT 33. Understanding and Using SALES AND MARKETING Personal Computer Applications 1. Transforming Attitudes A for Managers Apr 6- 8 69. Excellence in Customer
      1,023 words
    • 113 12 FOR SALE BY INTERNATIONAL TENDER An Outstanding City Cinema City Arcade 580 HAY STREET, PERTH WESTERN jlfEl AUSTRALIA IimMLUI^LLMMiM Outstanding CBD Cinema/Retail (09)*****43 COmPteX FAX: (09, *****96 Current net income approx. $1.42 M. contact JOHN CORBETT Over 50% of the income paid by a or GARY RYAN prime anchor tennant
      113 words

  • Page 13 Advertisements
    • 107 13 laser so many statutory boards H We have H recently won a H tender to supply more than H the H paper laser less V fl H A to make can a mere J and reducing has a page you documents before its lets you machine for the transmiseven s
      107 words

  • 529 14 EDITORIAL IT WAS inevitable that Malaysia should have reacted angrily to British newspaper allegations that there was something underhand about the deals involving the Pergau Dam and the purchase of British military equipment. The British Audit Office may have indeed concluded that the Pergau Dam
    529 words
  • WHAT THE OTHERS SAY
    • 237 14 IN A WAY, the Second Asia-Pacific Defence Conference provided a curtain-raiser for the Asean Regional Forum's inaugural session in Bangkok in July. The ARF is envisaged as the six-nation group's permanent caucus on security. As Defence Minister Yeo Ning Hong put it, "we live in
      237 words
    • 136 14 NTUC CHIEF Lim Boon Heng has made a significant suggestion that retirement villages be built for elderly Singaporeans. He said these must be quality villages within HDB estates with all the facilities to meet the needs of old folk, so that they can live close to
      136 words
    • 162 14 THE CRIME rate in Singapore has decreased for the fifth consecutive year. One needs only look at the soaring crime rates in other cities in the world to realise that Singaporeans cannot take the decrease here for granted. Singaporeans should, instead, be motivated to further
      162 words
    • 169 14 MANDATORY jail for graft offences, called for by the Public Prosecutor's office, reflects the ease with which corruption can escape the trawl of justice despite the best efforts of gathering evidence. Judges, who are after all only human, can sometimes turn squeamish at
      169 words
    • 162 14 THE SEA battle last week in the Gulf of Thailand between Thai and Cambodian navies was the latest and probably the most serious in a series of conflicts which flared up this year between the two countries. The brief skirmish led to the sinking of two Thai
      162 words
    • 200 14 TERRORISM is usually timed to cause the greatest harm to the greatest number of people. Few things could have done that better than the senseless slaughter of Palestinians in Islam's third holiest site during early morning prayers in the holy month of Ramadan. In one crazed
      200 words
  • 752 14  -  European Union Trade Commissioner Leon Brittan sounded out this advice in the editorial page of the International Herald Tribune yesterday. Mr Brittan is now in Beijing for EU-China talks Leon Brittan IHT Europe must put a higher priority on East Asia. Rapid economic growth there has provided
    IHT; AFP  -  752 words
  • Page 14 Advertisements
    • 280 14 "v Put pen to paper now, and receive this exquisite Caran d'Ache 'Geneve' free. j^J ow when you subscribe to the Business Times, you'll get more than just widespread coverage of the latest in business developments in the region. More than up-to-date information on financial markets around the world. And
      280 words
  • Page 14 Miscellaneous
    • 57 14 -TW*NK GooDNess-.'M CLOSCTS tears... J (LOBGJ&S UP > THOUGHT VOUD J ~~i^| C AMOCUTtO LTD, 1«M-1»»4 DOONESBURY GARRY TRUDEAU I 'NOOOPYBVER6AVZHe I TONYA MY MAY. ANYTHING. I HAP TO OW GOOO6OOP W ME~UJHACK MAKE A I TAjt WORK HARP fOR 20 I THB UTTLB NOTE IF A YEARS TO OeTWHERS
      57 words

  • ANALYSIS
    • 1056 15  -  PM Goh Chok Tong and Thailand's Chuan Leekpai are set for their separate Vietnam trips. Loh Hui Yin examines Hanoi's ties with the two Asean members Loh Hui Yin THE PRIME ministers of Singapore and Thailand are visiting Vietnam this month, with one basic mission on
      1,056 words
    • 1628 15  -  Singapore's Senior Minister Lee Kuan Yew, in an interview with Peter Seidlitz, explained that guanxi (good connections) could be of help not only to Singapore's business community, but to those who ride on the back of Singapore companies into China Peter Seidlitz, The writer is
      1,628 words

  • 637 16  -  From Nirmal Ghosh in NEW DELHI INDIA made sweeping corporate and personal tax cuts, reduced import duties and interest rates in a pro-industry budget yesterday, designed to spur sluggish industrial growth and inject new life into its economic reform programme. Finance
    AFP  -  637 words
  • 533 16 Bloomberg Business News. Asahi TOKYO Economic indicators released yesterday for sectors such as housing, industrial output and shipments revealed a few signs that Japan's economy could finally be emerging from a long, dark tunnel. Economists and government officials, however, are
    Bloomberg Business News.; Asahi  -  533 words
  • 294 16 AFP WASHINGTON MCI Communications said yesterday that it will make a U551.3 billion (SS2 billion) investment in a mobile radio firm as part of a move into wireless communications in a bid to keep pace with rival AT&T. MCI said its investment
    AFP  -  294 words
  • 125 16 AP TAIPEI The government warned yesterday against a rush to invest in China after Taiwanese investments on the mainland rose to US$lB.9 billion (5530.05 billion). An Economics Ministry report said 20,230 Taiwanese projects were approved by the Chinese government between 1987 and last year,
    AP  -  125 words
  • 275 16 Reuter. AP. AFP NAPLES, Italy Nato fighters shot down four Serb warplanes which had conducted a bombing raid over Bosnia yesterday in the first Western military intervention in the republic's conflict. US Admiral Mike Boorda. Nato commander in southern Europe, said
    Reuter.; AP.; AFP  -  275 words
  • 753 16  - The British government's in hot soup again The Bottom Line NEVILLE STACK NEVILLE STACK The writer is a political commentator based in London. He w rites regularly for BT AN UMBRELLA is only a preemptive measure against the rain if it is put up before the storm breaks, not after
    753 words
  • Page 16 Advertisements
    • 58 16 f Nitsuko JP4& Digital Keyphone Systems Leading Edge leclinology LARGE RESIDENTIAL DEVELOPMENT SITE AT CHANGI/TAMPINES FOR SALE BY TENDER i O .115. 1 A ti > 1 .r 2 m 00 Freehold/999 years Site Area 119,088 sm (1,281,863 sf) Closing date on Wednesday 23 March 1994 at 3.00 p.m. For
      58 words
    • 8 16 Japanese business outlook remains bleak: survey, Pg 6
      8 words
    • 199 16 RMIT A UNIVERSITY MANAGEMENT tf, MASTER OF FINANCE' FROM THE LARGEST UNIVERSITY BUSINESS SCHOOL IN AUSTRALIA 3rd Intake Commencing April 1994 This unique post-graduate qualification in finance offers Current Issues in Finance Strong emphasis on practical and quantitative applications in finance including financial engineering L and risk management. Simulations and
      199 words
    • 30 16 r Distributor: Te,: 27S 7588 far' ?7 fl 7A Q A Singapore Commuruc*tK>ns Equipment Co Rte Ltd I U A i h I 0 I 0 0 Qiality Service OmreJ®
      30 words

  • COMPANIES & MARKETS
    • 326 17  -  Keppel Group results By Quak Hiang Whai SINGAPORE Keppel Integrated Engineering yesterday announced a 1.4 per cent drop in net earnings to $15.56 million for 1993. The performance was in line with most analysts' expectations. Forecasts ranged from $13.6 million to $18.3
      326 words
    • 337 17 SINGAPORE Thanks to a robust growth in car and housing loans, especially during the second half of 1993, Keppel Finance Ltd's net earnings for 1993 surged 70 per cent to $12.17 million. The listed finance arm of Keppel Corporation said net earnings for
      337 words
    • 317 17  -  By Dexter Lee SINGAPORE Steamers Maritime Holdings has chalked up its first operating profit increase since going public in 1989. The Keppel Group member yesterday reported a 35 per cent rise in group operating profit to $6.88 million for the year to
      317 words
    • 264 17 SINGAPORE Straits Trading Co has bought the 333room Observation City Hotel and retail complex in Perth, Australia, for about $51.5 million. The company said yesterday that a wholly owned subsidiary, Sword Properties, bought the property from its receiver. Straits Trading has paid
      264 words
    • 786 17  -  HOCK LOCK SIEW By R Sivanithy SINGAPORE The stock market set record after record last year. But its spin-off market options trading struggled to get off the ground, and is still struggling. With a daily average volume last
      786 words
    • 205 17 SINGAPORL Liang Court is joining forces with several partners to develop a US$3l million (SS49 million) service apartment and office project in Ho Chi Minh City. The group said yesterday that a joint-venture agreement for the project its third in Vietnam had
      205 words
    • 301 17 SINGAPORE Contract electronics manufacturer PCI has shelved plans to build a plant in Jiangsu. China. The company's China subsidiary. PCI Electronics (Kunshan) Co. has put the idea on ice because the cost of building materials has soared. The factor) was to
      301 words
    • EYE on your STOCKS
      • Article, Illustration
        135 17  -  ■By Quak Hiang Whai Pegi Malaysia continues to attract speculative play even though the stock no longer looks attractive on short-term charts. The stock rose three cents yesterday to end at $1.74 but the volume has fallen sharply from 8.7 million units early last week to 5.6 million
        135 words
    • COMPANIES
      • COMPANY BRIEFS
        • 88 18 SINGAPORE DBS Land has set up a company to hold its stake in the Suzhou Industrial Township project in China. The company, Hua Ye Holdings, has a paid-up capital of S$ 100,000. DBS Land, through its wholly-owned subsidiary Peony Holdings, holds 75 per cent in
          88 words
        • 56 18 SINGAPORE Pacific Can Investment Holdings has bought the entire paid-up capital of Pacific Can (Malaysia) Sdn Bhd. Pacific Can (Malaysia) has an authorised capital of M$ 100,000 (S$580,000) and a paid-up capital of only Ms 2. Pacific Can (Malaysia) will act as the holding company
          56 words
        • 40 18 SINGAPORE Robert Fleming Holdings and its related companies sold 442,000 L&M Group Investment shares last week, reducing the group's stake in the Singapore civil engineering group from 6.449 per cent to 6.25 per cent.
          40 words
        • 64 18 Reuter KUALA LUMPUR An emergency shareholders meeting yesterday has paved the way for a small helicopter company to take possession of a stake in Malaysian Airline System. MAS shareholders approved a change in the airline's charter that will allow sale of a 32
          Reuter  -  64 words
        • 69 18 Bernama KUALA LUMPUR Reliance Pacific Bhd, in its quest to expand its operations, has purchased the entire stakes in three travel-based companies from Public Holidays Holdings Sdn Bhd for Msl.s million (S$870,000), the company said yesterday. The companies are Public Holidays (Kedah) Sdn Bhd
          Bernama  -  69 words
        • 59 18 Bernama KUALA LUMPUR Shangri-La Hotels (M) Bhd says recessionary pressures in the group's major supply markets the US, Europe and Japan were responsible for aM$ 17.511 million (5510.16 million) profit shortfall for the year ended Dec 31, 1993. Shangri-La was replying to a KLSE query. The
          Bernama  -  59 words
      • 287 18 AFP JAKARTA The stateowned electricity firm (PLN) planned to set up two subsidiaries whose shares would be partly sold on international stock markets, company spokesman Abas Taha said here yesterday. "Hopefully, the shares of the two subsidiaries would be floated on
        AFP  -  287 words
      • 330 18 Payment Ex Books Pay date close date BAT 21* F 86.9N Mar 18 Mar 24 Apr 6 Beriaya Group I 6 Mar II Mar 28 Apr 18 Beqaya Ind I 4 Mar II Mar 28 Apr 12 Bcriaya Leisure I 5 Feb 22 Mar 8 Apr 6 BMT S10 I
        330 words
      • 317 18  -  By Dexter Lee SINGAPORE Philyards Holdings has paid 1.92 billion pesos (Sslo9 million) to the Asset Privatisation Trust, effectively ending the controversy surrounding the sale of Philippine Shipyard and Engineering Corp (Philseco). The money paid to the APT last Thursday represented
        317 words
      • 712 18  -  From Ho Kay Tat in KUALA LUMPUR A FINANCIALLY healthier Grand United Holdings Bhd (GUH), the former flagship of Malaysian politician and tycoon Tan Koon Swan, yesterday made a spectacular return to the Kuala Lumpur Stock Exchange after an eight-year
        712 words
      • 288 18 KUALA LUMPUR Hicom Holdings Bhd will require Ms9oo million (***** million) to Msl billion for its expansion programme this year, and the same amount will also be needed in 1995. Chairman-president Jamil Mohd Jan said yesterday that to fund these projects, Hicom would
        288 words
      • 328 18 KUALA LUMPUR The growth belt along the NorthSouth Expressway (NSE) between Kuala Lumpur and Tanjung Malim on the Perak border is the most promising area in the Klang Valley North. Property consultant Ho Chin Soon told Malaysian Business Times yesterday that he believed
        328 words
      • 608 18  -  From Catherine Ong in HONGKONG SYNERGIES from HSBC Holdings' merger with Midland Bank have paid off handsomely with a 75 per cent surge in dealing profits to £1.09 billion (552.56 billion) last year. Income from the group's treasury operations was substantially
        608 words
      • 453 18 them (S) Mar I UMB blVttt Mft Ltd Tl-J,,.,, im T, „,f Umfund 1.59 1.65 Unibond 1.02 1.05 The Commerce l.«3 192 United Gr Fund 169 1.75 TV SavtnpFund 1.67 1.75*1 Uailed Asm Fund 190 2 00. S pore Prof Fund 0.75 0.79 S pore Sec Fund 1.13 1.19 PraiMtW
        453 words
      • COMPANY BRIEFS
        • 81 20 AFP TOKYO Japanese electronics giant Sanyo Electric Co is to enter into a multi-million-dollar joint venture to make washing machines in China's Anhui province in April, the company announced yesterday. Sanyo will have a 45 per cent stake in the new business, the Hefei Sanyo Washing
          AFP  -  81 words
        • 84 20 Bloomberg Business News HONGKONG The territory's Securities and Futures Commission (SFC) said it named Laura Cha as executive director (corporate finance) to replace Ermanno Pascutto, effective today. Ms Cha, a lawyer, joined the SFC at the beginning of 1991 and is currently a senior director
          Bloomberg Business News  -  84 words
        • 109 20 Bloomberg Business News HONGKONG Hongkong real estate concern Chi Cheung Investment Co plans to buy an interest in the Nine Queen's Road Central office building for an undisclosed sum. In a statement to the Hong Kong Stock Exchange yesterday, Chi Cheung said one
          Bloomberg Business News  -  109 words
      • 232 20 NYT NEW YORK Institutional investors and analysts have been showing increasing opposition to Viacom Inc's buyout of the Blockbuster Entertainment Corp on the eve of Viacom's purchase of Paramount Communications Inc. One analyst who follows Blockbuster, Craig Bibb of Paine Webber Inc, said
        NYT  -  232 words
      • 516 20 Reuter SHANGHAI Official red tape is good business for Shanghai Hero Pen, China's biggest manufacturer of writing instruments. The Chinese bureaucracy is the world's largest, and the millions of clerks, accountants and Communist Party functionaries who run it each have
        Reuter  -  516 words
      • 154 20 AFP BEIJING China's securities regulators are relatively happy with the experimental listing of domestic enterprises on the Hongkong stock exchange, the China Daily said yesterday. The issue and transaction of the so-called "H-shares" has been "satisfying," the newspaper quoted Nie Qinping, the vice-director
        AFP  -  154 words
      • Article, Illustration
        60 20 Reuter lOKYO kumiko Hashimoto showing how to recharge Honda's newly developed electric-powered scooter, thp CL'V ES, here last week. Honda will lease the scooter, which has a range of 61 km per charge under an average speed of 30 kph. to government agencies and local government bodies in Japan
        Reuter  -  60 words
      • 186 20 Bernama-Xinhua TIANJIN Robert Kuok swept into town yesterday and signed contracts of intention tor several huge development projects in the city. The deals included a contract for the construction of a Shangri-La Hotel on an 18.000 sq m piece of land
        Bernama-Xinhua  -  186 words
      • 155 20 Reuter HONGKONG Rupert Murdoch's Star TV yesterday said it would not seek to enforce a disputed memorandum of understanding under which it would supply programmes for Hongkong's sole cable TV distributor Wharf Cable. Star TV, 64 per cent held by News
        Reuter  -  155 words
    • FINANCE & COMMODITIES
      • 353 21 AFP JAKARTA The Indonesian banking sector has accumulated U5512.67 billion (Ss2o billion) in bad debts, a reliable banking source said here yesterday. The seven state banks, which dominate the Indonesian banking sector, hold US$9.l7 billion in bad debts and non-performing loans that
        AFP  -  353 words
      • 308 21 Bloomberg Business News LONDON UK interest rates have room to fall further because inflationary pressures have been overestimated by many economic analysts, said Oxford Economic Forecasting. Though UK economic activity is expected to continue to climb, and tax rises in
        Bloomberg Business News  -  308 words
      • 343 21 Number Indicative Qroaa Coupon 4mmm< lirtereet of day* of mMdlo prteee i redemption y V. rate peyment accrued (excluding yMd po) 1 datae Interact aeeruod (%pa) IvuVrvVl) 1 15.6.94 N*****0Z 1969 51/4# 600.00 15/6 15/12 75 101.00# j 1.81# 15.10.94
        343 words
      • 183 21 Bloomberg Business News MIAMI Federal Reserve Bank of New York President William McDonough warned financial services companies not to ignore warnings that a banking crisis could erupt as the result of losses in the US$7 trillion (SSII trillion) derivatives market. Regulators "would come
        Bloomberg Business News  -  183 words
      • 556 21 Bloomberg Business News PASADENA, California Citicorp's top cost-cutter, Christopher StefTen, told investors last week that one of the bank's goals was to control costs by as much as 10 per cent better than its top competitors. In a presentation to investors at a
        Bloomberg Business News  -  556 words
      • SMALL CHANGE
        • 50 21 Reuter KUALA LUMPUR Malayan Banking Bhd. Malaysia's top bank, said it was reducing its base lending rate (BLR) to 7.40 per cent from 7.65 per cent, effective March I. The bank last revised its BLR to 7.65 per cent from 7.80 on Feb I. Reuter
          Reuter  -  50 words
        • 68 21 Bloomberg Business News HONGKONG Fourteen investment banking houses in Hongkong have formed a new trade organisation to consider policy and day-to-day market issues within the crown colony's securities industry. The Corporate Finance Association is the brainchild of four of the 14 founding members, namely:
          Bloomberg Business News  -  68 words
        • 85 21 Bloomberg Business News HONGKONG Hongkong real estate Company Sino Land is selling HK5500 million (S$ 102 million) worth of five-year floating rate notes through underwriters led by Jardine Fleming Bank Limited. In a statement to the Stock Exchange of Hongkong, the company said it started
          Bloomberg Business News  -  85 words
        • 79 21 Bloomberg Business News HONGKONG US investment bank Salomon Brothers has carried out a major reorganisation of its Asian operation, making its Hongkong office an equal partner with the London. New York and Tokyo offices, the South China Sunday Morning Post reports. This new corporate structure means
          Bloomberg Business News  -  79 words
        • 70 21 Reuter BEIJING The People's Bank of China said that in March it will pay an additional 1.19 per cent in annual interest on deposits of longer than three years. The Financial News quoted the bank as saying that the figure, which is designed to
          Reuter  -  70 words
      • 194 21 Reuter PHNOM PENH A Cambodian court has convicted the country's former national bank chief of fraud and given him a one-year suspended jail sentence. a senior court official said yesterday. "After investigations had been made, we found out he (Cha Rieng) is involved
        Reuter  -  194 words
      • 433 22 Bloomberg Business News WELLINGTON Trust Bank of New Zealand Ltd says the institutional tender for the public sale of 22 per cent of the bank may be pared down to make more shares available to private small investors. The institutional
        Bloomberg Business News  -  433 words
      • 382 22 Reuter COLOMBO Sri Lanka's tea industry expected a bumper crop this year, but global overproduction might further hit an industry already burdened by high costs and low yields, officials said on Monday. Good weather should push output near the 1991
        Reuter  -  382 words
      • 242 22 Bloomberg Business News MELBOURNE Woodside Petroleum Ltd, operator of Australia's massive North West Shelf project, will slash its workforce by up to 30 per cent because of low oil prices and a shift out of the construction phase at the offshore platform project. The loss
        Bloomberg Business News  -  242 words
      • 458 22 MELBOURNE Australian integrated aluminum producer Comalco Ltd said consolidated net profit doubled in 1993, but actual operating profit fell as aluminum prices hit a record low and global inventories surged. Comalco, which is 67 per cent-owned by Australian resource giant CRA
        458 words
      • 244 22 Bloomberg Business News CARACAS The govern-ment-appointed committee managing collapsed Banco Latino expects to fully reopen the nation's second-largest bank within a week. Gustavo Roosen. president of the committee, said during the weekend: "The idea is for us to try to recuperate the bank by
        Bloomberg Business News  -  244 words
      • 199 22 Bloomberg Business News KUALA LUMPUR A unit of Exxon Corp of the United States and Petronas. the Malaysia's national oil company, has made another discovery off the east coast of Malaysia. The companies yesterday said that Esso Production Malaysia Inc and Petronas Carigali, Petronas' exploration
        Bloomberg Business News  -  199 words
      • 133 22 THE USS/majors drifted lower in the Far East, especially against the yen and despite rumoured Bank of Japan intervention in the market. The downward move on the USS/yen was v iewed as shortterm volatility that resulted from the breakdown of US-Ja-pan trade talks. The USS/SS
        133 words
      • 191 22 Bloomberg Business News LONDON The dollar fell to its lowest level this year against the mark as expectations for a rise in US interest rates any time soon were dampened yesterday. The dollar fell to a low of 1.7018 marks before recovering to 1.7030, down from 1.7100 marks early
        Bloomberg Business News  -  191 words
      • 182 22 Bloomberg Business News LONDON Aluminium producers and government delegates gathered in Ottawa, Canada yesterday to add the final touches to an international accord to control aluminium production. The accord, concluded in Brussels in January, proposed global production cuts of between I.S million and
        Bloomberg Business News  -  182 words
      • 86 22 AFP NEW YORK The dollar was mixed in New York early yesterday, slightly down against the yen and up against the German mark after news of the downing of four Bosnian warplanes by US fighter jets. At 11:00 am (1500 GMT), the dollar was at 1.7100 German marks
        AFP  -  86 words
      • Article, Illustration
        1518 22 Trade-weighted index calculated against Spore's top 14 trading partners Base year 198} US$/S$ forward rites Noon Feb 28 S» Bi4 Oder 1-month 15*09 ***** 2-month ***** 1.5122 1-month I 5804 ***** 6-monlh 1 5800 1 5820 Sower OCBC Source: OCBC FOREIGN CURRENCY NOTE RATES As at Mm m F«fc 2t:
        1,518 words
    • COMMODITIES & FUTURES
      • 1362 23 cum bcbmt SIMLA KfcrUnl Reuter SINGAPORE Simex Euroyen futures ended lower on the back of weaker Japanese government bonds yesterday. "But market participants will be watching the Tankan results due out tomorrow." a dealer said. The Tankan survey is a quarterly Japanese
        Reuter  -  1,362 words
      • 611 23 COMMODITY REPORTS Tin TIN closed two cents down at MSI4.SB per kg alter a lower London market last week prompted large initial olTers yesterday. traders said. "The market is seen uncertain about currency factors." one said, noting an opening offer of 94 tonnes
        611 words
      • KNIGHT-RIDDER COMMODITY SUMMARY
        • 90 23 TOKYO China will liberalise price controls on coal and petroleum this year as part of efforts to switch to a market-oriented economy. Vice-Premier Zhu Rongji said yesterday, according to a Kyodo News Service report. China's intention to loosen price controls on coal
          90 words
        • 101 23 TOKYO Higher world copper prices since the beginning of the year and confusion over new tax laws have helped shrink trading volumes on the Shanghai Metal Exchange, traders say. Volumes on the Shanghai exchange are currently "around 1.000 tonnes per day" for the near-month contract,
          101 words
        • 103 23 NEW DELHI Wholesale vegetable oil prices in* the next few weeks are likely to remain stable, although a marginal decline in oil prices is possible.; traders said yesterday. Wholesale oil prices have 1 largely remained stable this calendar year, rising, only some 2 per
          103 words
        • 84 23 LONDON UK North Sea Forties pipeline system output was back to normal after a shutdown over the weekend due to a small oil leakage, operators British Petroleum said. At 0935 GMT on Saturday, a gas alarm sounded on the unmanned Unity platform, and a
          84 words
      • 1542 23 Rubber SIbEn{fvtHrM d^iinj 4J 11 w RSS 1 CMrtract (S ccnts/kg) ("lose Volume Open Month High Low Sell (tonnes) Interest Mar 94 139 00 138 50 139.00 300 750 Apr 140 50 140.25 140 50 250 4.225 May 142.25 4.800 Jun' 143.25 5.250 Jul/Sep 144 50 144.50 144.75
        1,542 words
    • REGIONAL STOCK MARKETS
      • 1178 24 +31.3 The Australian share market bounced back to close higher yesterday, boosted by steadier overseas markets and a jump in the futures market. Brokers said stability in US and European markets over the weekend had helped buoy sentiment and encourage some buying back into the local bourse in quiet
        1,178 words
      • 626 24 -94.66 Philippine share prices plunged 3.2 per cent in dull trading yesterday as investors continued to wait for lower prices before heading back to the market, analysts said. Even an announcement last Thursday by San Miguel Corp. the country's largest food and beverage conglomerate, of a 100 per cent
        626 words
      • 318 24 +28 The share market closed strongly. retracing some of last week's losses but with all eyes on the behaviour of overseas markets, especially Wall Street, for future direction. The NZSE Top 40 index closed up 28 points at 2.244.35 on overall volume of NZS4O million. Trends were set
        318 words
      • 49 24 +23.83 Share prices closed slightly higher in the few hours left before the announcement of the national budget, brokers said. The Bombay Stock Exchange 30-share index closed at a provisional 4.260.79. up 23.83 points, brokers said. The 100share national index closed at a provisional 2.045.38. up 18.64 points.
        49 words
      • 587 24 -175.63 Taiwan's stock market closed 3.1 per cent down at its lowest level this year in very bearish trade. Margin loan calls produced persistent selling pressure and the prices of major banks collapsed. The weighted index opened lower and continued sliding for most of the day. It closed 175.63
        587 words
      • 451 24 •7.43 Despite renewed healthy interest in low-priced shares, consolidation in blue chips pushed stocks down, cancelling an early seven-point gain, brokers said. The composite stock index shed 7.43 points to 918.88. The market is closed today for a national holiday. Yesterday's announcement naming steelmaker Posco to lead a consortium
        451 words
    • WORLD STOCK MARKETS
      • 782 24 +46.9 European stocks advanced yesterday, recovering some of their composure after last week's nervous scll-ofT. Bond markets, which tumbled late last week on fears that a possible rise in US interest rates could end the downward trend in European rates, regained ground and robust March FTSE futures propelled London's
        782 words
      • 144 24 +39.14 French shares ended sharply higher, unwinding some of last week's heavy losses as bonds corrected upwards on renewed hopes for interest rate cuts in Europe, dealers said. There were hopes that the Bundesbank will lower its rcpo rate today, opening the way for further easing by the Bank
        144 words
      • 242 24 +o.Bpc The DAX index closed the lacklustre, low-volume session up 0.8 per cent on the day at 2.091.57 but traders said there was little potential for further gains. Worries about bond market fluctuations and the M 3 data managed to override favourable Bavarian CPI data and the Bundesbank offering
        242 words
      • 169 24 14.05 Shares ended a thinly-trad-ed session firmer and at the day's highs after a flurry of Bel-20 basket-buying in the final minutes. The Bel-20 index of leading shares closed 14.05 points or 0.94 per cent higher at 1.515.80. with volume a low 803 million francs worth of shares. "People
        169 words
      • 169 24 j4 Italian stocks ended little changed with investors unwilling to bet cither way ahead of the general elections, traders said. Following last week's tumble and ahead of next month's national elections, "everyone is just thinking so short-term." said Paul Dionnc. an analyst at Pasfin Securities. "And now nobody seems
        169 words
      • 292 24 +5.11 Dutch stocks closed higher amid a recovery on European bond markets and optimism over full- year earnings for Philips Electronics, traders said. Nevertheless, volume was low and traders said investors still lack a clear view on the direction of shares in coming weeks. "It was a bit saltlcss."
        292 words
      • 216 24 •13.4 A sell-oIT in bank shares led Swiss stocks down, with banks increasing losses in afternoon trading. The SMI index of leading shares fell 13.4 points at 2.915.9. Zurich F<fc M Fraacs Muuiik Br 644 21 Brmn Bo\eri •> 1050 -J CS Hotdinf Br 638 -36 CS Holding Ret
        216 words
      • 315 24 -22 South African shares posted strong gains in a mostly siow start to the week as the market found support from a firmer gold price and a shortage of scrip, dealers said. But they said low volumes and a weak industrial board indicated continued nervousness about the political situation.
        315 words
      • 625 24 Stockholm Fffc 28 Skr Am J5600 700 Anra 171.00 5 00 Atlas Copco 470 00 20 00 Encuon Tci LM AB B U9 00 3 00 Esab 270 00 -J 00 S-E Bankrn 59 JO -I JO SKF 149 00 3 00 Sandvik 129 00 -100 Skandia 173 00 uncti
        625 words
      • 280 24 +45.81 Toronto stocks extended their morning rally at midday yesterday on ebbing interest rate fears, positive sentiment in world markets and a gold stock rally. The TSE 300 composite index jumped 45.81 points, or 1.05 per cent, to 4,410.04. Volume was a moderate 25.20 million shares valued at C
        280 words
      • 741 24 +2.53 The Dow Jones industrial average, which slid 1.12 points on Friday, was ahead 2.53 points to 3.841.31 at 11 am EST yesterday. The New York Stock Exchange composite index was ahead 1.29 to 259.86. while Standard Poor's 500-stock index was up 2.64 to 468.71. Advances pounded declines
        741 words
    • Article, Illustration
      3145 25 Reuter HONGKONG The blue-chip Hang Seng Index closed sharply higher yesterday on a technical rebound from last week's heavy losses and fresh demand ahead of results of HSBC Holdings later yesterday and a government land auction today, brokers said. The index ended 309.98 points, or 3.07 per cent, higher
      Reuter; Source: Bridge Info  -  3,145 words
    • Article, Illustration
      443 25 BOTH the Shanghai and Shenzhen markets were quiet yesterday. The CLSA Shanghai B Index was down 2.74 points at 914.01 on lower turnover. Wing Sung and Sanmao lost between 6 and 7 per cent on slim volume while First Pencil gained 5.4 per cent. Vacuum added another 4 per
      443 words
    • Article, Illustration
      2572 25 Reuter TOKYO Stocks ended firmer yesterday though off highs on dealer's position adjustment, with the Nikkei Average closing just short of 20,000. Active foreign buying helped sentiment but investors prefered to secure profits in the afternoon as the yen remained strong, brokers said. The 225-issue Nikkei Average closed 193.82
      Reuter; Source: Bridge Info  -  2,572 words
    • Article, Illustration
      1728 25 Reuter BANGKOK Thai stocks tumbled 3.28 per cent to close at 1.372.93 points yesterday. down 46.61. on political jitters with brokers predicting bearish sentiment would continue for the next couple of days. Turnover was just seven billion baht. Investors were worried about party conflicts during Bangkok city and district
      Reuter; Source: Bridge Info  -  1,728 words
    • Article, Illustration
      1133 25 Reuter JAKARTA Share prices ended mixed yesterday, with continued selling pressure from foreign players in moderate trading, brokers said. The official index ended 1.2 X points lower at 546.23. "Sentiment recovered slightly on the local side but it \%as still dampened by selling pressure from foreign players." one broker
      Reuter; Source: Bridge Info  -  1,133 words
    • 2752 26 MIT AC11VE Mkm r* fw Johan Hldp 50c 11,626.000 AMDB 50c 8,691,000 Proniel 8.669,000 Bcnaya Group 8,424,000 CASH 50c 7.345,000 Inns Bhd 6.576,000 Mulptia I nil 50c 5.521.000 Uca Hoe TSR97 5.301.000 Mcnang Con 4.411,000 Kjmvatmg 50c 4.292.000 FACB 50c 4,133,000 Salens Kes 3.997.000 Fabcr Group 3.263,000 MOST
      2,752 words
    • KUALA LUMPUR STOCK EXCHANGE
      • 5684 26 Bloomberg Business News KUALA LUMPUR Malaysian stock prices finished little changed yesterday amid investor concern over the impact of trade sanctions against Britain, analysts said. But analysts said the effect was largely psychological because the government's decision last Friday to stop giving
        Bloomberg Business News; Source: Bridge Info  -  5,684 words
    • STOCK EXCHANGE OF SINGAPORE
      • 7402 27 MAIN BOARD Transaction date: Feb 28 Gr Gr ■993/94 Last V«i Dq Lmm QmK DW Di« VU Net M Cap High l~ sSt (tM) High la. B.,r, Srilr Cn P/F Ul INDUSTRIAL AND CWWPCWL 1440 >60 I Acma 1110« -10 42 1120 1110 1110 1120 12.5 2.1 I I «-l
        7,402 words
      • 1791 28  -  By R Sivanithy SINGAPORE Share prices closed mixed yesterday. After rising 10 points in early trading, the Straits Times Industrials Index faltered for the rest of the day. It eventually closed 14.67 points weaker at 2,342.72. Both broader market indices also
        Charts by Bridge Info; Source: Bloomberg  -  1,791 words
  • Page 17 Advertisements
    • 384 17 MARKET MOOD LllJ Mixed NEWS VALUE How today's news might atUxt your \totk* HSBC Holdings' earnings jump 48 per cent <px l) Positive signal from this bellwether of Hongkong stocks. European Commissioner warns China not to target UK firms (pg I) Not good for Hongkong stocks as war of words
      384 words

  • Page 18 Advertisements
    • 139 18 T A 6-Course M eal At A Price Guaranteed r > JSSITo Whet Your Appetite. ($28.00 per person) I Ifyou think a Shanghainese gourmet meal should cost a lot, a visit to Chang Jiang may prove to be a very pleasant surprise indeed. For a mere $28.00 per person (min.
      139 words

  • Page 19 Advertisements
    • 44 19 0R... YELLOW PAGES. YOUR BUSINESS BUILDER |T1 TO BOOK YOUR AD WALK-IN RIGHT AWAY. K^M yellow pages® IntGffFOtQO Information Pt& Ltd |A member Of the Singapore Telecom Group) 585 North Bridge Rodd #08-07 Blanco Court Singapore 0718. Tel: 1800 296 1633. Fax: *****61. vuMMBSAMmMiiMMMM.
      44 words

  • Page 20 Advertisements
    • 247 20 C\ M Beijing, China 1W704 Arthuloka Building, Ground Fir Te.:.W Pax-*****0, Courier Serv.ce Co Ud WM ==9 shM^( :hii>a r *****0 d(M> 9 Shibaura 2-Chomc. Minalo-ku jel: *****161 Fax *****79 1 2 Te *****94, Fax *****97 Tel: (03) *****101 A |B| ?cT n^°2 U 70; 666 5965 Fax: (03) *****304
      247 words

  • Page 21 Advertisements
    • 218 21 CO WE'RE NOW AT: FROM race course road... (AT KK HOSPITAL END) GREGORY'S I Ms Nancy Low, owner PLACE. I J I' of MAHRAJ speaks X \JT A TT T3 T 1962-1977 s AiH L fluent Hindi and Urdu JJ B B f J 1 languages. Nancy K\SK /A |V
      218 words
    • 73 21 nisncowoi March 2-3,1994 Raffles City Convention Centre, Singapore The only Southeast Asian exhibition and technical conference devoted exclusively to the disk drive manufacturing industry returns on March 2-3. Don't miss this opportunity to see a broad range of U.S. and Asian companies exhibiting products and services designed specifically for the
      73 words


  • Page 23 Advertisements
    • 35 23 Saw an ad of a house that you may like to own? Leave your name and telephone number in the seller's ClassiFone mailbox and let him respond to your call. ClasaFk'iNE^ MnSBHSSBBSmSESiBB I cases. I
      35 words
    • 49 23 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 oopy, call Customer Services Section on 1800-749-2577, and ask for home or office delivery service.
      49 words

  • Page 24 Advertisements
    • 85 24 Acquire An Original Monsieur Waterman invented the world's first reliable fountain pen. Man 100 was created to celebrate the Waterman Centennial. Each nib is the result of fifteen handcrafted operations which create a unique personality. The 23.6 karat gold trim gives Man 100 a distinctive appearance and texture. Waterman offers
      85 words

  • Page 25 Advertisements
    • 46 25 With over 195 aaKoa cards boaoared at over million establishments, MasterCard pats the whole world ia 1 yoor bands. Aad it gives yoa easy access la cash at 300,000 book-i-&&£ m broaches aad ATMs C-fe rou'Vi oar mt mmots world IN YOUR HANDS WOnoWHie. ggigAL ca«d|
      46 words

  • Page 26 Advertisements

  • Page 27 Advertisements
    • 67 27 Whfc tvir lfs «tton cords hononrod pVTS !H WHOM WwiHl I vow kowts. And H gives yo« easy KaiM* ask«l|00,000 kak -:Jk i- P """SfIJZXSI!""" l~—'l S&W «5 t-' fj/ ,5s t n if?} i n i r (2 It s a Snap! <£- The Classified tn i 1 4
      67 words

  • Page 28 Advertisements
    • 24 28 Biunt^smus TOLL-FREE TEL. No. 1-800-741-1883 FAX:74I-1298 EYE ON THE TIGERS Nobody covers East Asia like we do. The Region. Everyday. m Business Times •VOOfAW
      24 words
    • 301 28 M THE MATTER OF the comma act, cap a M THE MATTER OF PARTTO MANAGEMENT SERVICES PTE LTD |N MEMBERS'VOLUNTARY WMOMO4IP) NOTICE IS HEREBY GIVEN that at an Extraordinary General Meeting of the Company was convened and held at 133 New Bridge Road #17-03 Chinatown Point, Singapore 0105 on 2S
      301 words
    • 148 28 IN THE MATTE! Of THE COMPANIES ACT. CAP. St AND IN THE MATTER OF SARAH TRADING PTE LTD <fe V ill ill 171 NOTICE OF PINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section ***** > of ike Conyici Act. Cap SO that the FINAL MEETING of the Members of
      148 words
    • 269 28 MTHEMATTBIOF THE COMP AMES ACT, CAP. M THE MATTER OF WHOM TRAOBIG PTE LIB NOTICE 6 HEREBY GIVEN «al at an Extraordinary General Mooting of tie Company ass oonvonodandhofdaßk *****0n Lay Owe M 605 Singapore 22M on 25 Fabnaiy 1904 da toMng moluhom vhi ptssod •> SPGCUL RESOLUTION That ta
      269 words
    • 285 28 In TV Matter Or Zytd Systeaa Mmpmal Pic. Lid. (MMkai'VUaMrUfriMiN) Notkc Of Final Meeting NOTICE IS HKRKBY GIVEN pursuant to Section 308 of the Companies Act (Chapter SO) that a Final General Meeting of the members of the abovenamed company will be held at the office of the Liquidators. 2
      285 words

  • Shipping Times
    • 459 29  -  More ships, foray into China, Vietnam among its plans By Rahita Elias SINGAPORE Osprey Maritime is expanding its operations on land and at sea. It wants to buy one or two more ships this year, break into the Chinese and Vietnamese
      459 words
    • 219 29 AFP COLOMBO About 30 Tamil boat passengers were missing after the air force attacked a fleet of civilian vessels crossing a prohibited waterway in northern Sri Lanka, travellers from the region said last Sunday. Air force helicopters late last Saturday strafed
      AFP  -  219 words
    • 276 29  -  By Dexter Lee SINGAPORE Dutch liner major Nedlloyd Lines has intensified the tussle for cargo on the Asia-North Europe trade route. The carrier deployed a third-generation containership with capacity for 4.112 20-ft containers on the route two weeks ago a move that raises N'edlloyd's
      276 words
    • 253 29 SINGAPORE Singapore has become a hub port for Asia. Its extensive shipping network includes frequent sailings to Thai ports. About 20 sailings to Bangkok each week assure shippers of at least two vessels from Singapore to Bangkok every day. says Port View, a
      253 words
    • SHIPS IN PORT
      • 504 30 VmmI fry Hp Bfth km* P>pirtur» Vtwd Vqr No B»tt fcjwl P»pirtun Juronf Port Brastag. 1 as. 94 poa 0103/1200 0103/2300 Batam 3ah*<a 02 08 94 12 a»i**le 0103/0300 CWuang 2S P02 01 03/2330 03 03/2330 Batam Man N103 11 01 03/2300 Day* Sempana 04/94 P04 01
        504 words
      • 1974 30 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Bookinf/BaUnce Rstts Ship Voy No Etb/Btr Period From To From Ac, Swan 107A 02/1500 2 28/1700 01/0669 01/0900 4 01/1200 01/1*59 01/1700 A)v» Ms W* 01/1300 1 28/1500 28/1659 28/1900 Aratoan
        1,974 words
    • 13025 38 This is a list of ships loading at Singapore for ports around the world. It tabulates, by destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. LEGEND PN: ship calls at Penang after
      13,025 words
    • 3354 43 Coatainerli ae NV: Bclsin Shpg Agencies Pie Ltd (SVManne Handling Sdn Bhd (PK/PN) Accord Group: Accord Shpg Pie Ltd (SVAccord Contr Line (PK/PN). Adkris Baslaess Corporation Philippine Calsource Shpg A Trdg Pte Ltd (S) Ahreakiei Liaer Service Kim Shpg Trdg(S). Albalm Sea-Air Service: Frata Shpg Pie Ltd (S).
      3,354 words
    • 277 43 Abacus Couriers Td: 545-8011. Fax: 545-1898 Air Kvpms Travel Td: 533-5771. Fax: 535-6144. Airborae Freight Corporation Tel: 542-8844 Fax: 542-3716, *****80. Air*will Worldwide Courier Td: 278-0188 Fax: 273-8283. AJS Supplies Td: 748-6322 (2 lines). 747-7421. Fax: 742-8975. City-Liak International Tel: 344-3377. Fax: 345-6450. Cluster Liak Supplies ft Services
      277 words
    • 1477 43 Abex Express Freight Td: 542-7171. Fax: *****84. Actinic Forwarder Td: 225-1833. Fax: *****42. Td k *****20. Aeraiink Freight lateraatiomU Td: 545-8031 Fax: *****05. Aerospeed Td: 542-5911. Fax: *****18. Air Cargo Novo Express Td: 542-5454. Fax: *****06. Air Express lateraatioaal Td: 542-7666. Fax: *****74. *****50. Air Market Express Td:
      1,477 words
    • 2176 44 ALBANIA Dunes: Two vessels operating of which 1 loading copper. 1 discharging tobacco bales, no vessels in roads. ANGOLA Cabinda: Deepwater SPM has been in use for approx 1 month. Max draft 75 ft, SPM 1 will now only be in use in emergencies. Max draft 55 ft.
      2,176 words
    • 511 44 CRUISE FERRY SCHEDULES CRUISE SHIPS Arr Dep Name of Vessel ETA E1D Ports of Calls Port Agent Tdcphne No MARCH 01 01 Lev Tolstoy 0900 1830 Jakarta Sin Multi Line Co Pte Ltd 535-2333 Port Klang 01 01 Langkapun Star 1600 2030 Penang Sin Jardine Shpg Agencies 224-1052 Aquarius Medan
      511 words
    • 1215 44 SHIP SALES TANKER RATES AFP 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 on-set of Ramadan. The main movement this week has been in
      AFP  -  1,215 words
    • 537 45 COURSES Tide: Warehouse Management (SDF 70%) Duration: Mar 1-24 Organiser Port of Singapore Authority Tel: For further details/registration contact SPI at 321-1707/321-1824/321-1825 or fax: 321-1416. Tide: Container Yard Management (SDF 50%) Duration: Mar 2 May 4 Organiser Port of Singapore Authority Tek For further details/registration contact SPI at
      537 words
    • 802 45 THIS twice weekly report, compiled by Cockett Marine Oil Ltd, shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on average-sized stem. Market movements are indicated. The Cockett Bunker Price Index change and
      802 words
    • 1333 45 THE Baltic Freight Index for spot dry cargo shipping rates fell to 1,117 on Friday from 1,120 on Feb 24. Rates on the major US Gulf to Japan grain route remained weak for March cargoes with U5519.75 being paid for one combination port discharge. Hanjin fixed the Anangel
      1,333 words
    • 1048 46  -  Tired of seeing the IMO drag its feet on the issue of maritime disasters, five European countries have decided to take some joint measures. Peter Lewis and Shibly Nabhan reports Peter Lewis,Shibly Nabhan Seatrade Week Newsfront AS A Pandora's box of poisons, explosives,
      Seatrade Week Newsfront  -  1,048 words
    • AIR AND LAND TRANSPORT NEWS
      • 362 48  -  By Juliette Walker SINGAPORE India's Hindustan Aeronautics Ltd (HAL) and Fokker of the Netherlands have agreed to set up a maintenance and service centre for Fokker aircraft in India. HAL chairman R N Sharma and Fokker vice-chairman and senior executive
        362 words
      • 535 48 AP SINGAPORE Major executives of Asian airlines resolved this week to maintain a tough stance against the US and the European Union in negotiations for air traffic rights. The firmer policy announced last year by the Orient
        AP  -  535 words
      • 307 48 FT LONDON Edzard Reuter, chairman of Daimler-Benz and one of Germany 's most powerful industrialists, is likely to become the next supervisory board chairman of Airbus Industrie. the European aircraft manufacturer. The appointment would prompt significant board changes at Daimler-Benz. Germany's largest
        FT  -  307 words
      • LOG BOOK
        • 79 48 Reuter WARSAW Poland's LOT Airline and British Airways agreed last Saturday to end a nearl\ four-month-old allocation feud that has grounded flights between Poland and Britain. Transport Minister Boguslaw Liberadzki said service would resume by March 9 and each airline would be alloted nine flights
          Reuter  -  79 words
        • 63 48 Reuter BEIJING China has decided to gradually develop subway and light rail networks in its 32 cities with a population of more than one million. Xinhua news agency said about half of them were building or planning to build such networks. It said foreign government
          Reuter  -  63 words
        • 80 48 Reuter LONDON Edzard Router, chairman of Daimler-Benz and one of Germany's most powerful industrialists, is likely to become the next supervisory board chairman of Airbus Industrie, according to the Financial limes. The newspaper said the appointment to the board of the European aircraft manufacturer would
          Reuter  -  80 words
        • 88 48 Bloomberg Business News HONGKONG Transport compan> Vincent Intertrans (Holdings) has issued a HK.S6O million convertible note in a private placement to finance potential projects in China. The note, which will account for 19.46 per cent of the issued share capital of Vincent Intertrans. was placed
          Bloomberg Business News  -  88 words
      • 838 48 Page Coi ABC Containerline 12 5 Accord Group 8 1-3 Ahrenkiel Liner 4 1/2 •APL 5 3-5 Appenship 8 4/5 •ANL 3 1/2 •ASCL S S Avant Shpg 6 4/3 •Bait Orient Line 7 4/5 •Bank Line. The 9 5 Barbican Line 4
        838 words
      • 236 48 Bloomberg Business News DENVER Continental Airlines has agreed to a code-shar-ing arrangement with GP Express Inc to operate its Continental Express service from Denver to four cities. The code-sharing, to begin on March 9, is part of Continental's previously announced decision to cut costs
        Bloomberg Business News  -  236 words
      • 169 48 Bloomberg Business News CALGARY, Alberta PWA Corp said last week that its 1993 loss narrowed to C 5291.8 million (*****.3 million), or C 56.13 a share, from C 5543.3 million, or C 511.37, in 1992. In a statement, the parent company of
        Bloomberg Business News  -  169 words
      • 1727 48 eg no et> n&t n»_ nm m n»^ Aim Dhabi GA893 1655 GA974 2325 ME633 2355 GA984 2340 Durban SQ406 0120 Qf82 2050 SQ25 0645 QF5 2220 ~<±±® Z Frankfurt LH772 1615 SQ326 2230 Amsterdam KL844 0535 QF6 1840 LH773 2359 KL837 1540 KL838 2300 QHQRQ
        1,727 words
  • Page 29 Advertisements
    • 608 29 If you want it there/ yesterday, Fly it with *0— us todays a GRIFFIN KINETIC *****33 6TH SINGAPORE INTERNATIONAL BUNKERING CONFERENCE 22-24 March 1994 —Z World Trade Centre SIBCON'94 Singapore With "Bunkering An Era of Breakthroughs" as its theme, the Singapore International Bunkering Conference enters its sixth successful year with
      608 words
    • 110 29 JZ+7M+R" M R FORWARDING PTE LTD WEEKLY CONSOL TO EUROPE CALL: *****00 IMO under pressure to show more teeth, Pg 18 HAL, Fokker increase ties, Back Pg liJ The following shipping lines have decided I to restore rates by U5D75.00 per TEU, effective from Ist April 1994, to be applied
      110 words

  • Page 30 Advertisements
    • 418 30 TSKUNE AfIENQES (S) PTE. LID. /mMhA TP J[ fmTp Tel: 226-3363 MM i tJiIV JLLNIi Fax: 226 1972 3 ww Tlx-RS *****/TSKSIN. TOKYO SENPAKU KAISHA, LTD. CD No: **********0N I I EXPORTS TO HOW6KOH6. MM. BMSt—MKir ~~1 [wrooaa —m —m wir I tin li m W m m m —m»
      418 words
    • 1564 30 noti «o~ swig"; o*T la T piu. m rn.ua wsai IwT™ j?S«ToSn» wcus* btmm* uuhm* aa* littmm* wn lrm CALIFORMA RKRCURY **9 23 3 19 3 I 21 3 23 3 2431 22 3 22 3123 3 23 3 26 3 L__ SSL. CALIFORMA MJPITtR 71 »10 3 26 3
      1,564 words

  • Page 31 Advertisements
    • 2248 31 OOCL (8) PTE LTD JARDINE SHIPPING AGENCIES TEL' *****13 FAX' *****42 PETALING JAYA TEL: 03-*****76 FAX: 03-*****42 DOCUMENTATION TEL: *****55 (INWARD)/*****90 (OUTWARD) PENANG TEL: *****4 FAX: *****1 CFS TEL: *****6 BOOKINGS TEL: *****00 *****61/ *****82 ?2L2sk%«*«.<■ inDu c, CFS (PSA F5) TEL: *****21/ *****79 unD n?u O M rJn7 f£j£
      2,248 words
    • 1865 31 mamsssassm FRANCE/ITALY/PORTUGAL/SPAIN/MOROCCO NEXT AVAILABLE SAILING ALGECIRAS BAY V.5486 ETA SIN 4TH MARCH 94 VMM Voy ETA ETD Faadarad by DESTINATIONS Thtt «aak MA WON MAERSK V 8404 cv CM/03 mrs ■■■■■II CFS 07/03 2368 MRS JOH LP* PEN OAK 108 SFO MEM ATL MIA CHS BAL PHL NYC TOR MAWIEW
      1,865 words

  • Page 32 Advertisements
    • 1588 32 AQABA R OAM/1 [1 ALSO ACCEPTBOG FROM VESSEL VOY NO SPORE JEODAH (VIA JED) S TON H BURO A WERP HAVRE yyggy MALAYSIA DANUBE 12/ toe 2/3 19/3 22/3 20/3 p ort Kelang. Psnang STUTTGART EXPRESS 02/306 5/3 14/3 20/3 23/3 27/3 28/3 30/3 PBBir Gudang KAGA 34/109 9/3 26/3
      1,588 words
    • 577 32 FCL Break bulk Service to: AFGHANISTAN MAM Afghanistan Ltd., Sole Foreign Forwarder in Kabul for aN services C.I.S.- Vostochny, Vladivostok, Moscow, Tashkent, Kiev, Minsk, Riga, Baku, Irkutsk, Alms Ats North Korea Vietnam e Mongolia Hungary FULL CONTAINER SERVICE TO NORTH/WIST AFRICA VESSEL SIN OKR Ned Africa V 2044 08/3 07/4
      577 words
    • 1082 32 I NORASTZn I" VSL/VOV SIM ALQ BCL* VAL* LHA HA*^BSE)^RO^jnlT^Fl^| NORASIA SUSAN 9408 3 04/03 23/03 26/03 07/03 28/03 29/03 30/03 31/03 01/04 03/04 I NORASIA SIN6A 9409 3 09/03 30/03 02/04 03/04 04/04 05/04 06/04 07/04 08/04 10/04 I NORASIA SHARIAH 9410-3 16/03 06/04 09/04 10/04 11/04 12/04 13/04
      1,082 words

  • Page 33 Advertisements
    • 1800 33 W STRAITS SHIPPING PTE LTD 10 Hoc Chiang Road #11-01 Koppd Towers Singapore 0208 Tal: *****80 Fax: *****17 STRAITS VENTURE VOW Mu«» Lab 2S Frtl Mar 02 Mar 03 Mar fCL LC I container AMD baeakbulk service to PAPUA new guinea MERUB4 VO3E KK. Skan. Taw 02 03 Mar 03
      1,800 words
    • 2941 33 SINGAPORE AGENT: PXtli AtlfaitlOtiC P»0 Container* (Singapore Agencies) Pte Ltd A JL W M J 10 Hoe Chiang Road #07-01 Keppe* Towers. Singapore 0208 Te(: 225 2233 Telex: RS ***** PNOCSP Fax: 225 5327/222 7517 F CR Number: **********0Z r~.mn.iT M —j i j J VESSEL WO* *PNO *PKO SM
      2,941 words

  • Page 34 Advertisements
    • 613 34 9 m GENERAL AGENT C R NO *****81-***** EKA JAYA AGENCIES TEL: *****22 (8 LINES) FAX: *****05 SALES REPRESENTATIVES IN CHARGE riIYAHMAH TRADC PAGEH HANDPHONE/OWE CT~| WILLIAM WK UMBO *****M/MSW32 HO CHI MINH CITY HEHBV HOC MM 727MM/M4I9M KELVIN CHAW iUfittS amMBB TO MYANMAR/YANGON SEMI CONTAINER SERVICE ■jjjjgjjgZ M OCEANLINES
      613 words
    • 1939 34 OHANJIN SHIPPING BOOKING TEL:- *****35-237 OPERATION TEL: *****41-253 SALES TEL:- *****22-233 DOCUMENT TEL: *****71-275 FDR VSI SM ILIK HAUL SEA TW POX fW ¥Sl SM |UNE MAUI SAV HM NYC HANJM MASAN OS3E 4 3 H LOWGBEACH 047E 24/3 25 3 26/3 HANJM MASAN M3E 4 3 H. SAVAMMH 042E
      1,939 words
    • 1559 34 MSB"3UH^TcT"TzT3^Tk I HI SGP KSG HKG RIG PUS Ml 0» KT SW 110 IU OS Ml NTC UN IM HK WIKr»« PU W I E GLOAT NOtl 1/3 2/1 7/1 9/1 11/3 14/1 15/1 17/1 II 21/1 111 311 13 4 15 4 1( 4 26 4 77 4 4
      1,559 words

  • Page 35 Advertisements
    • 1973 35 l| sex: 'CALIFORNIA MERCURY 59E' eta sgp 02/03/94 H II gg II ARRIVING LOS ANGELES 19/03/94 IN 16 DAYS HI Hr H ARRIVING NEW YORK 26/03/94 IN 23 DAYS HI y SLZ3ID&3SHHKL BMnilTfciiTi i i yillit voy W los oak yaw srr ati. ccg cle cut pal ntr hoc vm
      1,973 words
    • 1053 35 0 I MULTILINE SHIPPING PTE LTD (a member of SMSOV Group) CR NO: **********0 C ENQURES: *****33 BOOKINGS: *****64, *****51, *****31, *****13 BALTIC: INWARD *****97 OUTWARD *****10 T/S *****10 Jfrv A BLASCO: INWARD *****65 OUTWARD *****2S T/S *****46 FESCO: BOOKINGS *****06 DOC *****07 MARINE INSURANCE: *****87 INVENTORY: *****59 AGENTS: KL:
      1,053 words

  • Page 36 Advertisements
    • 1498 36 44 M v a« AS AGENTS "K" LINE (SIN6APOIIC) PTE LTD (CR No: **********0 M) TEL *****77 TELEX KAWAKI R*****5 FAX *****16/7/8/9 I T MALAYSIA "K" LINE MARITIME (MALAYSIA) SON BHO I M TEL SA *****00 PK *****75 PEN *****0 JB *****1 PGU *****5/6 1 INDONESIA P.T. SARANA LAUTINTEMMISA. T
      1,498 words
    • 922 36 ©APPENSHIP /2\ HAMBURG vTVy CONVENTIONAL INDEPENDENT LINER SERVICE V—' EUROPE TO SOUTH EAST ASIA AND FAR EAST VESSELS 10WMG PORTS DISCHARGE LOADING FOR UNISON HAM 31/01 ANT 05/02 SPORE 11/03 BKK. LAEM INZHENER PARKHONYUK KLP 09/02 TGN 21/02 TRT 02/03 SPORE 02/04. HUANGPU/XINGANG HONESTY S2E 16/02 HAM 22/02 SPORE 22/03.
      922 words
    • 363 36 GOLDEN LINE A GUAN OWN SMPPMG Ev<\ (PTE) LTD 23. T«M «yt> Stmt SMGAPOK 0104 TEL: HUMS (It WCS) fx: 534J504 (CI N* 1012S*****0W) ITtAITI/miIAM CULT IMTICI S'por* P Keling Pfnang' COIOOI KM Out# 14/15 Mar IMH GRMX Mr**. Dutui i, K» a CHINA MKTICI GOLDEN WOMHt China Ports 4/
      363 words

  • Page 37 Advertisements
    • 911 37 I PACIFIC INTERNATIONAL LINES (PTE) LTD) I IL 140 Cecil Street. #03-00 PIL Building. Singapore 0106. I I mt wM CR NO **********0E I IYE444L VOY MN CMS JM JED AGJ AOE HOO PZU ASA KOTA WMtAWAN WRNO36 16/3 1M 26/3 IM 1/4 IM 1/4 3/4 4/4 KOTA BSRUAN MUMS
      911 words
    • 1020 37 |«aas ww "T"" iimmw rorrmtwm mffSS thump u hame WUI M CWW WW 01/ M 71/03 73/13 74/03 2S/03 70/03 wui trigm.* nam 00/ m oi/oa »3/m um mi 00/04 wui p-htctu mot 11/03 m/m 10/04 n m i*/04 »/04 WUI Pt ITIA 7732W is/04 17/04 10/04 H/04 20/04 •ALIO
      1,020 words
    • 326 37 I BSfl a~ mm MYANMA W FIVE STAR LINE (Myanmar National Line) Loading for Yanfon (Rangoon) Sport P.KIj Pan PGdf PAGAN ¥207* 7/5 Har HPA-AN ¥200* 15/17 Mar MALAYSIA AGENTS SOUS TWO SHPPM6 AGENCKS KH TEL «3 *****00 PKL: TO. 03 XttW KN: m 04-*****5 WD TE 07 *****1/4 NIGERIAN
      326 words



  • Page 40 Advertisements
    • 2842 40 nAOnA MWIMfS UNCIAL AUKTS MALAYSIA'S AGIMTS I I iSf I 1 COST At SHIPPING PTE LTD CftMf CMm StM S* *M 2 Mbtrl JtwANMC IMf *15-00 SfnpM «2f7 Maklter PtrtMrnt- *****00 Cff NO; **********01UCM HO: CCSU KmU Lumpur 13-241 4CI( Trn TT?rk MAIN UML' 220 1900 BOOKINGS: 220 1133 Pmmg
      2,842 words
    • 176 40 TO AUSTRALIA/NEW ZEALAND |Wl tt. fMW M«* O"*" c noui 324 i75~ u/i it/i 22/3 77/3 w/i MTDCRKN i/i H/4 21/4 23/4 2«/4 turn HUM M 15/3 l»/4 24/4 27/« 2/3 3/3 HUSttl »7 il" 12/3 U/8 21/3 23/3 VM AUCKLAND TO USA/CANADA «T ta cuwpot 5555S c KXXMI 124
      176 words

  • Page 41 Advertisements
    • 637 41 {fc FAMOUS CONTAINER LINES 10 ANSON RD. #15-21 INTERNATIONAL PLAZA, S PORE 0207 HOT LINE: *****33 (24 LINES) GOTHENBURG/SCAN 7/3 ROTTERDAM 7/3 MRHUS/COPENHAGEN 773 HAMBURG/BREMEN 7/3 MARSEILLE/FRANCE 6/3 FELIXSTOWE/UK 7/3 BARCaONA/SPAIN 3/3 LEHAVRE/FRANCE 2/3 GENOA/ITALY 3/3 ANTWERP/BELGIUM 773 LOS ANGELES/WC/PI 5/3 SYDNEY/MELBOURNE 3/3 NEW YORK/EC 5/3 FREMANTIE/ADELAIDE 473 VANCOUVER 473
      637 words
    • 999 41 —-,„—1 pB^HHBi^^^BBKHWH Mil 111 II I VESS€L §S £1 i VESSEL I VOY I SIN 1 PEW ■l WAWA BHUM 2I7S Ju; Sat 5/3_ jg B UWGA SEROJA 4037 ~Thu 3/3 Sat I 5/3~ VESSEL VOY SIN BKK SIR! BHUM 40S Fri 4/3 Tut 9/3 j BHUM 2SN Ffi 4/3
      999 words
    • 679 41 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 PONCNAMA LINE KES9I ns IW M W KM MC NKLM V4O2N 2/3 4/3 5/3 7/3 11/3 20/3 TUtSBUS V443N 11/3 12/3 14/3
      679 words

  • Page 42 Advertisements
    • 1709 42 nUUHMti CONTAINER LINES, INC I MAC NBLtt SPOUCs *****22 (24 UNBS) (PANAMA) Uv Wmmammmi SIBU (064) *****9 KUCHINQ (062) *****3 PENANQe <041 6346)6 BANGKOK (662) *****67 MANILA (632) *****61 PitELAMGcfltt) *****5T7 JAKARTA: (21) *****07 SURABAYA: (31) *****0 jj HKG/TWN/BKK GENOA/EUROPE PEN PKL SIN 5 SAILINGS/WEEK PEN PK SIN 2/3 3/3
      1,709 words
    • 201 42 I SEAWARD SNIPPING AND I TRADING CO (S) PTE LTD ETA [I* ETA SKWf com KELMK PCMNG BlUf MM S3 m Pi Uidinj tor Vd t i Bing«o») mV»I HUDHU S3 DSC*i'j TJ i"l U*J>TJ V BomM» OCX CHIN S*«d loading For Mat PIOC» SUPREME 10 3 IOJd ng For
      201 words
    • 1102 42 THONG SOON UNES PTE LTD 1 I /Y/\ 78 SHENTON WAY #10-01, SINGAPORE 0207 I I \J J TEL: 227-5088 FAX: 227-6011 I I T l RS ***** CARRIER, RS ***** JENHOL CABLE: TOSOCO I SINGAPORE TO SARAWAK VESSEL VOY SPORE PEST VESSEL |VOY I SPORE IPEST EQUATOR JADE 104/4E
      1,102 words


  • Page 44 Advertisements

  • Page 45 Advertisements
    • 77 45 I FACRJRf I r Maybe got chance,-this 1 i\ lassi9tant supervisor job. J J$?L TftF ANY Job# Any Career EV'" I wE Available Any Day. To avoid stalemates, try some fresh strategies. IW m IWI IM Innovation Technology. MNY I I ME. ANYWHERE* tVeiy Thursday. the straits times the Sunday
      77 words

  • Page 46 Advertisements
    • 480 46 NQRTH PimJPPitfgg FIRX CONTAINER VESSEL VOYAGE SW6APORE MAIWLA VIGOUR SINGAPORE 9410N 04/03 (FRI) 12/03 (SAT) VIGOUR SINGAPORE 9410 AN 07/03 (MON) 12/03 (SAT) VIGOUR PACIFIC 941 IN 11/03 (FRI) 19/03 (SAT) nMI MONDAY VIGOUR PACIFIC QQUTH 9 pHttJP ULSI^ QWT JUllttll &ERVICE VESSEL I VOYAGE SINGAPORE [GENERAL SANTOS DAVAO I
      480 words
    • 348 46 -|$%));;$.>[!`='$@{;!]!>}_+%-$% TITIMAS SHIPPING U TRADING SDN. BHD. KELANG (03)3M0455 (H/Lmm) Fax: 03-36*0363 Tlx: MA 3MIS TIBITA VESSELS VOV P KLANG POST OF DESTINATION SENG LEONG 3/94 19/2/94 KUCHING SIBL HUA HONG SATU 2 94 25 2.94 K K MUARA MILLION 111 2/94 24 2 94 MUARA K K TAWAU INSWLINENOI
      348 words
    • 220 46 JL cosco IHCC CONVENTIONAL SERVICE VESSEL PKL PNG P.O. LOADING FOR: A' VESSEL 28/02 Rotterdam/Antwerp CHXA CONVENTIONAL SERVICE VESSEL PKL PNG PG. LOADING FOR: A VESSEL 15/03 20/03 Huangpu/Guangzhou COSCO FULL CONTAINER SERVICES (FCL/FCL) EXPORT TO: CMN A/BANGKOK/HONGKONG EUROPE/CONTINENTAL WEST MEDITERRANEAN AUSTRALIA US WEST COAST PERSIAN QULF/KARACHI Please refer above
      220 words
  • Page 46 Miscellaneous
    • 723 46 TODAY'S TIDES (height in metres) HOIK 0000 0100 0200 0300 0400 0500 0600 0700 0800 WOO 1000 1100 1200 1300 1400 1500 1600 1700 1800 1900 2000 2100 2200 2300 ft 2.7 2.9 2.9 2.5 1.9 1.3 0.1 0.4 0.4 05 1.0 1.1 2.6 3.0 3.1 2.9 2.3 1.6 1.0
      723 words

  • Page 47 Advertisements
    • 878 47 HYUNDAI I MERCHANT MARINE CO. LTD. WESTBOUND TO EUROPE BKG: *****61 VESSELS VOY PNA IKE PGP VESSELS VOY_ SH KTM MIT* LEW HAM FEL HY MALACCA 003S 02/03 04/03 HY COMMANDER 303* 07/03 25/03 26/03 23/03 27/03 27/03 29/03 DRAGON BALI 049N 05/03 HY MALACCA 004S 09/03 11/03 SI MARKER
      878 words
    • 487 47 STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-ftO I HEAVY LIFTS MBOIIHD VESSELS rtsui w sr n RRC U AMSMN 137 1/3 1/3 It/3 MLU MM 131 S 3 7/3 WM ST 111 11/3 TMM II 2/3 ft/3 WUH MM 1/3 11/3 SERI RACSTA m M/ 3 D i OUTBOUND VESSELS
      487 words
    • 1015 47 VESSEL I VOY ISM ETA/D LAX OAK 1 CHI PAL HEM/COL I HOU I NYC NOR ALLIGATOR WCIORY 51A 03-04/03 20/03 22/03 23/03 24/03 24/03 25/03 25/03 26 03 HMtY HUDSON BRPGE 73A 10-11/03 27/03 29/03 30/03 31/03 31/03 01/04 "qT/04 1 02/04. ALLIGATOR TRRJMPH 53A 17-11/03 03/04 05/04 06/04
      1,015 words