The Business Times, 15 March 1994

Microfilm: NL19089
Total Pages: 44
1 44 The Business Times
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  • Title Section
    Masthead
    14 1 SINGAPORE Business Times WE KNOW ASIA MITA(P) 010/12/93 Tuesday March 15 1994 75 c
    14 words
  • 2 am LATEST
    • Article
      Lock icon Dow Jones down 5.35 points
      34 1 Reuter NEW YORK US blue chips were trapped in a tight range at midday yesterday. At Ipm EST the Dow Jones Industrial Average was down 5.35 points at 3,857.35.
      Reuter  -  34 words
    • Article
      Lock icon Top US Justice aide to resign
      64 1 Reuter WASHINGTON Associate Attorney-General Webster Hubbell. a former law partner of Hillary Rodham Clinton and long-time friend of President Bill Clinton, plans to resign. Justice Department officials last night said Mr Hubbell was leaving the No 3 position at the Justice Department because of
      Reuter  -  64 words
  • Article
    MARKET SUMMARY
    152 1 Stock market indices Monday Change ST1I closed KLSE Comp closed Nikkei 20,526.15 +410.84 Hang Seng 9,980.07 +74.41 SET Index 1,296.55 -22.86 Jakarta Comp closed CLSA China B ....1,149.89 +6.42 Aust All Ord 2,179.3 +26.2 FTSE 100 3.233.4 +41.5 Monday Previous 1pm close Dow Jones 3,857.35 3,862.70 Average of
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  • Article
    Lock icon China plans visa-free visits to economic zones
    132 1 AFP Reuter HONGKONG Chinese authorities are studying plans to allow foreigners to make threeday visa-free visits to the special economic zones (SEZs) of Shenzhen and Zhuhai. The Beijing-backed Hen Wei Po daily yesterday said both Shenzhen and Zhuhai, located respectively at the border
    AFP; Reuter  -  132 words
  • Article, Illustration
    Lock icon S'pore interbank rates down by more than half point
    688 1  -  By Alvin Tay SINGAPORE Local interbank rates have fallen by more than half a percentage point since the banks' trendreversing prime rate hike in January, suggesting that some banks may have raised their interest rates too much, too soon. Overseas Union
    Source: Bloomberg  -  688 words
  • Article
    Lock icon Beijing rescues battered stock markets with 4-point plan
    411 1 Move follows street protest by investors in Shenzhen Reuter SHANGHAI China announced a four-point rescue plan for its battered stock markets yesterday that will slow the pace of new listings, and delighted investors celebrated with a buying binge that sent prices soaring.
    Reuter  -  411 words
  • Article
    Kitingan denies offer to resign as Sabah crisis grows confused
    589 1  -  From Leslie Lopez SABAH's political crisis deepened yesterday with conflicting reports on the political fate of embattled Chief Minister Joseph Pairin Kitingan. Mr Kitingan. leader of the Kadazan-based Parti Bersatu Sabah (PBS) whose slender majority in the state legislature has
    589 words
  • Article
    Transpac offers 30 million shares at $5 each today
    561 1  -  By Ven Sreenivasan SINGAPORE Transpac Industrial Holdings Ltd (TIH) launches its initial public offer today, making it the first investment company to go for a listing on the local bourse. TIH is offering 30 million new shares of par value S5
    561 words
  • Article
    Lock icon G-7 nations agree on strategy to tackle unemployment
    232 1 Reuter AP DETROIT Ministers from the Group of Seven (G-7) industrial nations yesterday agreed on a five-point plan to tackle employment problems in their countries. "We decided on a common set of principles." said David Hunt, the British employment secretary, after a
    Reuter; AP  -  232 words
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      130 1 "S?ALPINI s/MMa fresh EXTRA STRONG TmT% REFRESHING Sole Agent: Shriro (Singapore) Pte. Ltd. CONTENTS ssrr Regional News 3.4.6 Financial 11.12 WofW News 1 Features MariwU Analysis 23 Regional 14 Editorial 22 World 15 Sports 18.19 Currencies 12 TV- Lifestyle 17 Sine* Commo ,12.13 Property 20.21 SMbSCriptiM Tel 1800-*****77 Fai *****75
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      9 1 Properly: pk 20 Kumagai to sell stake in expressway
      9 words
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      9 1 Hock Lock Siew: w UIC must win shareholders' trml
      9 words
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      57 1 The Bottom Line: Pg 24 trade gains will hurt others Laggard foreign banks risk losing Cambodia licence, Page 11 I illl II II Hli ill! it iiiii (artier Boutique/ SINGAPORE Ngee Ann City, Tower B, #01-11,391 Orchard Road. Tel: *****27 Hilton International, #01-04, The Shopping Gallery, 581 Orchard Road. Tei:*****95.
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      32 1 CHLOROPHYLL fef PEARLS C^Phyll so invigorating you'll never miss LZ" c® 1 chewing 9um! OB />. CtuaoUx Soli Agent: Shriro (Singapore) Re. Ltd. Daimler-Benz plans secondary listing in S'pore in May, Pg 8
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  • SINGAPORE NEWS
    • EYE on the ECONOMY
      • Article, Illustration
        Lock icon Electricity consumption rebounds
        260 2  -  By Teh Hooi Ling AFTER a small dip in November compared to the previous month, electricity consumption by the manufacturing sector rebounded in December. According to the latest data from the Public Utilities Board, the sector bought 687.4 million kilowatt hours (kwh) of electricity in December, up
        Source: PUB  -  260 words
    • Article
      AEG beefing up presence in Far East
      264 2  -  By Sean Ang SINGAPORE AEG, the German multinational that built the skytrain at Changi airport, is beefing up its presence in the Far East to achieve 15 per cent of group sales from the region by the year 2000. The Far East contributed
      264 words
    • Article, Illustration
      Lock icon In celebration of Hari Raya
      66 2 Photo by Chew Seng Kim of The Straits Times JOHOR BAKU Singapore Minister for Home Affairs Wong Kan Seng and Sultan Mahmood lskandar of Johor chatting as they wait for lunch to be served at Istana Besar yesterday. The Sultan was hosting a Hari Raya
      Photo by Chew Seng Kim of The Straits Times  -  66 words
    • Article
      US PC maker Gateway 2000 sets up Asian buying office in S'pore
      307 2  -  By Joseph Rajendran SINGAPORE South Da-kota-based Gateway 2000. one of America's top 10 PC makers, has set up a Singa-pore-based Asian office to buy components for its US parent. But the local firm. Gateway 2000 Asia, has denied
      307 words
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      478 2 Q OMEGA The sign of excellence. ClassiFONE works 72 hours for you for only $5.00. I I&» ram r™" i i sssr mm »»ofobd(u«, I I The University of Bradford is one of Europe's oldest and most successful Business I I Schools. A long established innovator in management education, Bradford
      478 words
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      51 2 &zx£uwe> Q)uco{Aeyue 6c jfiem6ers^ Sj 5! pj g S HAPPY HOURS 5 From 6pm to 9pm, Monday Through Thursday From 6pm to Bpm, Friday FREE ADMISSION-FREE LIGHT BUFFET K ONE FOR ONE DRINKS-LIVE MUSIC i PI k CAR SERVICE BY PHONE *****32 CLOSED OH SUNDAYS > PUBLIC HOLIDAYS. SATURDAYS TILL
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      131 2 Does damp clothes and moldy shoes give you that muggy uncomfortable YES. Warm wet air can cause mold and musty odors to seep into apparel, upholstery and books. It can also cause paint to peel, stairs to rot and wooden floors to swell. You can prevent such moisture damage and
      131 words
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  • SOUTH-EAST ASIA
    • Article
      Lock icon Land costs may force Taipei to review Vietnam investments
      291 3 AFP TAIPEI Skyrocketing land prices in Vietnam might force Taiwan to re-evaluate its policy of increasing investment there, economics officials said here yesterday. Land prices soared after Vietnam adopted a policy that allows the government to privatise and expropriate land. The
      AFP  -  291 words
    • Article, Illustration
      Lock icon World Bank head's visit seen as Manila aid boost
      318 3 Reuter MANILA Philippine economic officials said they hoped World Bank president Lewis Preston's visit to Manila would help persuade donor countries to give more aid to the Philippines. "It affords us an opportunity to give him a first-hand look on how
      Reuter  -  318 words
    • Article
      Lock icon Taiwan's new investments shift to US, away from region
      200 3 Reuter TAIPtI New Taiwanese investment in foreign countries excluding China soared 122 per cent from a >ear earlier to USSB6 million (SSI 35.8 million) in the first two months of 1994. The Investment Commission yesterday said investment in the United States
      Reuter  -  200 words
    • Article
      Lock icon US$ 200m plan to upgrade Ho Chih Minh infrastructure
      197 3 AP HANOI Ho Chi Minh City. Vietnam's commercial hub. plans to spend USS2OO million (SS3IB million) this year to upgrade its roads, water supply, and electricity network, an official report said yesterday. The plan marks a tripling over similar spending last
      AP  -  197 words
    • ASIA NOTES
      • Article
        Lock icon Gorbachev to visit Taiwan
        60 3 AFP TAIPEI Mikhail Gorbachev will visit Taiwan later this month for five days during which he will meet President Lee Teng-hui. said the L niled Daily News, which is sponsoring the former Soviet president's visit. Mr Gorbachev will lead a 10-member delegation to Taipei on Sunday
        AFP  -  60 words
      • Article, Illustration
        Lock icon Too many boats and no passengers yet
        37 3 Reuter CHUA HUONG. Vietnam A Vietnamese woman waiting for her companions after visiting the Perfume Pagoda, 60 km south of Hanoi, as hundreds of boats stand by for passengers. Reuter
        Reuter  -  37 words
      • Article
        Lock icon S Korea court cuts corruption sentence
        79 3 Reuter SEOUL A South Korean high court yesterday reduced to 18 months a two-year sentence given to a powerful relative of ex-president Roh Tae Woo for bribery but left his guilty verdict intact, court officials said. Lawmaker Park Chul Un, 51, was jailed for
        Reuter  -  79 words
      • Article
        Lock icon Keating to reshuffle cabinet
        55 3 Knight-Ridder CANBERRA Australian Prime Minister Paul Keating will reshuffle his cabinet for the fourth time in as many months in the wake of the ruling Labor Party's win in a weekend by-election. Mr Keating has already confirmed by-election winner Carmen Lawrence will take up a spot
        Knight-Ridder  -  55 words
    • Article
      Lock icon Swiss publisher launches Viet business monthly
      220 3 Reuter HANOI Swiss publisher Ringier AG launched Vietnam's first English-language monthly business magazine yesterday, claiming a new niche in the country's growing foreign-language press market. The Vietnam Economic Times, which focuses exclusively on doing business in Vietnam, bore a photograph of an American businesswoman
      Reuter  -  220 words
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      Page 3 Advertisements Column 1
      201 3 Internetworking is changing! It's changing the way businesses operate. And, it's changing the face networking itself. n Increasing demands for high speed internetworks require new CISCIoYSTEHS performance products and concepts. ATM and LAN switching for greater performance and virtual LANs for easier administration to name just a few. Cisco's new
      201 words
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      Page 3 Advertisements Column 2
      168 3 Prime Branch Office Locations Impressive Furnishing Servcorp-The World's Finest Serviced Offices At just a fraction of traditional office costs, Servcorp makes even small one-man businesses look like a million dollars! Servcorp's compact offices offer the spectacular infra-structure of large corporations, amidst the most luxurious business setting. Less Than The Cost
      168 words
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  • CHINA/HONGKONG/TAIWAN
    • Article
      Lock icon Beijing orders tighter control on prices
      467 4 AP BLUING The Chinese government yesterday ordered closer supervision of prices for food. rent, utilities and essential services, its second such mandate in a week. The repeated orders for local authorities to supervise and. if necessary, roll back prices reflect concern that worsening inflation
      AP  -  467 words
    • Article, Illustration
      Lock icon Taiwanese petition against vote-buying
      54 4 Reuter TAIPEI A Taiwanese man signs a petition from over 40 civic organisations urging the government to crack down on election vote-buying outside parliament in Taipei yesterday. Taiwanese prosecutors have detained about 20 people for allegedly accepting bribes in elections for city and county council speakers
      Reuter  -  54 words
    • Article
      Lock icon Zhejiang province expects to exceed national growth target
      349 4 Reuter BLUING Zhejiang. one of China's showcase provinces, said yesterday it expected to exceed the national growth average this year as it has for the last 13 years, showing the difficulties of slowing the runaway economy. Zhejiang Governor Wan Xueyuan and other
      Reuter  -  349 words
    • Article
      Lock icon Beijing plans jobs scheme to aid urban unemployed
      280 4 AFP BEIJING China, fearful of a spiralling unemployment rate as inefficient state enterprises go under, is to launch a programme to help the urban jobless get back to work, the China Daily reported yesterday. The ministry of labour will launch a trial
      AFP  -  280 words
    • Article
      Lock icon China to widen group for Hongkong administration
      221 4 AFP HONGKONG China is to widen the preliminary working committee it has set up to form Hongkong's first regional administration after the territory reverts to Chinese rule in 1997. it was reported yesterday. Zhou Nan. head of Xinhua News Agency. China's de facto
      AFP  -  221 words
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      586 4 Li SINGAPORE INSTITUTE OF MANAGEMENT The first educational ami training institute in Asia to achieve SISIR ISO 9000 Certification ttw Fraat Line A Key Resource for Greater Productivity May 16-18,1994 Ss7Bo* SIM members/Ss93o* non-members This workshop highlights the role of front-line personnel who are crucial in increasing organisational effectiveness. It
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      223 5 Quite simply, for your money, there is no other car like it. can put your family in. Certainly, too, it is one of the most comfortable and The returns you will no doubt enjoy from one of the most technologically pleasurable. After all, the technology that goes into the S-280
      223 words
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  • REST OF ASIA
    • Article
      Lock icon Absence of tax rises likely to smooth way for Aussie budget
      485 6 Reuter CANBERRA Australia's 1994/95 budget is unlikely to spark the sort of debilitating parliamentary brawl which marked the progress of last year's legislation, political sources said yesterday. If the Senate (Upper House) blocked any of the budget legislation, as
      Reuter  -  485 words
    • Article, Illustration
      Lock icon End of the fasting month
      42 6 Reuter NEW DELHI Indian Muslim worshippers praying in the upper gallery of the main mosque in the old walled city of New Delhi yesterday. The praying marked the end of the holy fasting month of Ramadan. Reuter
      Reuter  -  42 words
    • Article
      Lock icon Hosokawa's popularity dives below 40 pc: poll
      270 6 Bloomberg Business News TOKYO Japanese Prime Minister Morihiro Hosokawa took a spanking yesterday over his handling of the rice issue in the latest popularity poll condueted for a news programme broadcast by Asahi Television. Random calls to phone subscribers showed that only 39.6
      Bloomberg Business News  -  270 words
    • Article
      Lock icon More Japanese company heads see recovery in economy
      212 6 AFP TOKYO More Japanese corporate leaders have begun to feel optimistic about the nation's economy, with 62 per cent expecting the economy to begin picking up from September to December, said a survey reported yesterday. The major business daily Xikkei conducted the
      AFP  -  212 words
    • Article, Illustration
      Lock icon NZ expects balanced budget two years ahead of schedule
      487 6 Reuter WELLINGTON New Zealand Finance Minister Bill Birch said yesterday the government would balance its books this year, two years ahead of schedule and for the first time since 1978. "We will have our expenditure and revenue in near balance this
      Reuter  -  487 words
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      171 6 0 H A r r r n I I AAA GUESTS ON OUR OMNI jk| "ijjfcj* SHOULD BE PREPARED W FOR SOMETHING ill more s P ace n [^e luxuriously appointed j The reason simple. There are less rooms 41 on the newly-opened Omni Continental Club J 1 11 r
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  • THE WORLD
    • Article, Illustration
      Lock icon Partner in land deal denies Clintons erred
      470 7 The Whitewater affair NYT WASHINGTON As Democrats and Republicans continued bickering on television- on Sunday over whether congressional hearings should be held on the Whitewater case. Bill and Hillary Clinton's business partner in the Arkansas land venture that gave the case its name
      NYT; Reuter  -  470 words
    • Article
      Lock icon German industry fails to invest in information age, study shows
      169 7 Reuter MUNICH, Germany German industry is lagging behind its biggest competitors in investing in information and communication services, according to a research institute. Economic research institute Ifo said German corporate investment in new telecommunications equipment had fallen since the end
      Reuter  -  169 words
    • Article
      Lock icon US car makers plan hiring spree: only skilled workers need apply
      225 7 Reuter DETROIT The United States car industry would begin hiring its first major batch of new workers in more than a decade, but openings would be restricted to people with strong skills, industry experts said on Sunday. Executives from
      Reuter  -  225 words
    • Article
      Lock icon Brussels braces for power politics in EU enlargement battle
      405 7 Reuter BRUSSELS The European Union is bracing for a fight to the finish this week in a row over power politics that threatens its plan to expand to 16 members next year. The dispute over how many votes can block decisions
      Reuter  -  405 words
  • WORLD WATCH
    • Article
      Lock icon Muslims, Croats agree on federation
      77 7 Reuter VIENNA Bosnia's Muslims and Croats agreed on a deal on Sunday to establish a federation in Bosnia, after 10 days of talks at the United States embassy in Vienna. The final agreement is due to be signed in Washington at the end of the
      Reuter  -  77 words
    • Article
      Lock icon Russian miners may step up demands
      85 7 Reuter MOSCOW Russian coal miners may turn their strike into a political campaign for a new government and early presidential elections unless demands are met, Itar-Tass news agency said. Miners in the northern region of Vorkuta were sending a delegation to Moscow this week
      Reuter  -  85 words
    • Article, Illustration
      Lock icon Bottoms up for hard-riding Cossack
      41 7 Reuter MOSCOW A Russian Cossack rides to a roadside kiosk to pick up a bottle of vodka after joining the St Patrick's Day parade here. The event was sponsored by the city's foreign business community. Reuter
      Reuter  -  41 words
    • Article
      Lock icon De Klerk warns Zulu leader
      74 7 Reuter PRETORIA South African President FW De Klerk said yesterday dark clouds were hanging over KwaZulu/Natal and that Zulu chief Mangosuthu Buthelezi was following a strategy that could lead to a repeat of Bophuthatswana. "Buthelezi says he will now be taking a strategy to have
      Reuter  -  74 words
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      5 7 The European imbroglio, Pg 22
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      Page 7 Advertisements Column 2
      281 7 If you want the competitive edge doing business in Vietnam, use ours. I 1 We've been operating in Vietnam for 6 a. years already, with 8 established offices including Ho Chi Hinh City and Hanoi. That means that DHL, the most experienced air•HMlOi express company in the world at delivering
      281 words
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  • COMPANIES & MARKETS
    • Article
      Daimler-Benz seeks secondary listing in S'pore from May
      372 8  -  By Paul Leo SINGAPORE From May, Singaporeans will not only be able to buy a Mercedes-Benz but also own part of the manufacturer, Daimler-Benz. A company representative in Germany said by telephone yesterday that Daimler-Benz was waiting for approval from the Stock
      372 words
    • Article
      Lock icon Hongkong Telecom close to agreement on China project
      197 8 Bloomberg Business News HONGKONG Hongkong Telecommunications was on the verge of an agreement to invest in a China telecommunications project and was pursuing up to nine others, the Sunday Morning Post reported. It quoted Hongkong Telecom's new chief executive Linus Cheung as
      Bloomberg Business News  -  197 words
    • Article
      Lock icon KL firms post 19pc profit rise for June '93 year-end
      437 8 MBT KUALA LUMPUR Companies with a June 30 financial year-end 20 per cent of the total listed on the local bourse registered overall growth of 19 per cent in profits for the year ended June 30. 1993. Homegrown conglomerate Sime
      MBT  -  437 words
    • Article
      UIC needs to win shareholders' trust
      908 8  -  HOCK By Lee Han Shih SINGAPORE In the two days after United Industrial Corporation made a cash call for 5248 million, heavy selling slashed its market value by. coincidentally. exactly the same amount. When trading ended last Friday, UIC shares had fallen 22 cents
      908 words
    • COMPANIES
      • Article, Illustration
        Li Ka Shing views tie-ups with state-run hotels in Beijing
        400 9 HONGKONG Tycoon Li Ka Shing is trying to tap into the fast-growing business and tourist traffic in Beijing by looking for tie-ups with staterun hotels in the Chinese capital. The Sunday Morning Post reported that Mr Li was negotiating with
        400 words
      • Article
        Lock icon Cheung Tai Hong says IPO 1.08 times subscribed in HK
        211 9 Bloomberg Business News HONGKONG Hongkong trading company Cheung Tai Hong Holdings said its initial public offering of shares to be listed on the Hongkong Stock Exchange was 1.08 times subscribed. The company said it received 795 valid applications for 193.52
        Bloomberg Business News  -  211 words
      • Article
        Lock icon Ramos lukewarm to Hopewell's plan to triple power plant capacity
        231 9 AFP MANILA Hopewell Holdings Ltd of Hongkong has sought permission to triple the capacity of a 700-megawatt. coal-fired power plant in the Philippines, but President Fidel Ramos appears lukewarm to the idea, an economic daily said here yesterday. Hopewell managing
        AFP  -  231 words
      • Article
        Lock icon Swire's 5.4 pc profit growth in line with analysts9 estimates
        399 9 Swire's 5.4 pc profit growth in line with analysts 9 estimates Reuter HONGKONG Swire Pacific's announcement of a 5.4 per cent growth in 1993 profits to HK54.658 billion (SS93I million) was largely in line with market forecasts, analysts said yesterday. "There's no real surprises. It's not that far from our
        Reuter  -  399 words
      • Article
        Astra unit to invest US$ 180om to set up 3 fibreboard plants
        140 9 JAKARTA PT Sumalindo Lestari Jaya. a subsidiary of PT Astra International and PT Barito Pacific Timber, will set up three medium-density fibreboard plants in East Kalimantan with a total investment of US$lBO million (Ss2B4 million). Company president Winarto
        140 words
      • COMPANY BRIEFS
        • Article
          MBf tie-up gets China licence
          59 9 SINGAPORE MBf Holdings announced last week that a joint venture between its subsidiary MBf-Norinco. China Xinanjiang Elevator Factory Company and Beckett Elevator has obtained an operating licence from the Chinese Trade and Industry Administrative Bureau. The Chinese joint-venture company, known as Xinanjiang MBf-Norinco Elevator, held
          59 words
        • Article
          Lock icon San Miguel's net profit up 12pc
          63 9 Reuter MANILA San Miguel Corp, the Philippines' largest food conglomerate and brewer, said net profit rose 12 per cent to 4.03 billion pesos (SS23O million) last year. This compares with 1992 net earnings of 3.6 billion pesos. The figures for the year to Dec
          Reuter  -  63 words
        • Article
          Sitt Tatt buys dormant company
          37 9 SINGAPORE Sitt Tatt announced last week that it purchased a dormant company. Enerplus. for MS2 (SSI. 16) cash. Enerplus has an authorised and issued paid-up capital of MS 100.000 and MS2 respectively.
          37 words
        • Article
          Pacific Capital eyes HK listing
          76 9 SINGAPORE Pacific Capital Group, a diversified Hongkong group specialising in property, telecommunications, hnancial services and retail, is looking to float part or all its assets on the Hongkong Stock Exchange next year, the Sunday Morning Post reported. Managing director Wellen Sham said: "Nothing has been
          76 words
        • Article
          Lock icon FIT, CP plan oil ventures in China
          102 9 Reuter BANGKOK State-owned Petroleum Authority of Thailand (PTT) and agro-industrial giant Charoen Pokphand (CP) will open two service stations in China's Guangdong province in mid-1994. a CP official said. CP. through its wholly owned unit Petro-Asia International, and PTT plan to invest in
          Reuter  -  102 words
        • Article
          NEP goes into the red
          119 9 BANGKOK NEP Realty and Industry Co reported a net loss of 51.1 million baht (553.19 million) last year compared to a profit of 3.5 million baht a year earlier. The Sat ion reported last week. This was mainly because of stiff competition in the market
          119 words
        • Article
          Thai insurance firm buys stake
          46 9 BANGKOK Rattanakosin Insurance Co has acquired 1.8 million shares amounting to a 5.16 per cent stake in Phuket Island Co at 27.92 baht (551.74) per share. The Nation reported last week. The insurance company seeks a long-term gain from the investment.
          46 words
      • Article
        Lock icon Xerox nears decision on winner of its data processing contract
        272 10 NYT NEW YORK After a yearlong competition. Xerox Corp is close to reaching a landmark deal to farm out its data processing. having trimmed the field on Friday to two rival bids, one from Electronic Data Systems and the other
        NYT  -  272 words
      • Article
        Lock icon UK fund managers turn to equities
        281 10 Bloomberg Business News LONDON Fund managers are once again turning to equities at the expense of holdings in cash, according to Smith New Court Securities* survey of fund managers. Ninety UK fund managers, who handle £849 billion (SS2 trillion) in funds, were surveyed by
        Bloomberg Business News  -  281 words
      • Article, Illustration
        Lock icon Fujitsu, Toshiba to join General Magic
        108 10 Bloomberg Business News TOKYO Fujitsu Ltd and Toshiba Corp said yesterday they would join the US multimedia consortium which has created communications software fast emerging as the global standard. The companies said they would invest undisclosed amounts in General Magic Inc. which would entitle
        Bloomberg Business News  -  108 words
      • COMPANY BRIEFS
        • Article
          Lock icon Taipei clears Formosa's China plans
          99 10 Bloomberg Business News TAIPEI A plan by the Formosa Plastics Group to build two plants in China will not have any effect on construction of a NTS24O billion (5514.3 billion) petrochemical complex under way in Taiwan. Economics Minister P K Chiang said on Sunday, the
          Bloomberg Business News  -  99 words
        • Article
          Lock icon Tokyo orders currency losses disclosed
          83 10 Reuter TOKYO The Ministry of Finance had decided to require listed companies to declare their unrealised profits and losses from currency forward trading in their financial reports, a MOF official said. Companies listed either on stock exchanges or the over-the-counter market will be required to
          Reuter  -  83 words
        • Article
          Lock icon Mitsubishi to open Vietnam office
          66 10 Reuter TOKYO Mitsubishi Heavy Industries would open a representative office in Vietnam in June, a company spokesman said. Mitsubishi hopes to market power generators, oil and gas production facilities, cranes, printing presses and other machinery, mainly in Vietnam, he said. The company also hopes to
          Reuter  -  66 words
        • Article
          Lock icon Accor posts A$ 7.7m interim profit
          121 10 Bloomberg Business News SYDNEY Hotel operator AAPC Ltd. which trades as Accor Asia Pacific, said its maiden first-half net profit was A 57.7 million (558.69 million) in line with the company's earlier forecast. Sydney-based Accor was listed in Australia last year after a takeover
          Bloomberg Business News  -  121 words
        • Article
          Lock icon Hutchison to form China toy venture
          126 10 Reuter HONGKONG Hutchison Whampoa Ltd said it was taking what could be a 23.5 per cent stake in toy maker Harbour Ring International Holdings Ltd and would form a joint venture for the sale of toys in China. Hutchison is buying all the shares
          Reuter  -  126 words
        • Article
          Lock icon GIO doubles profit to A$93m
          49 10 Bloomberg Business News SYDNEY Insurer GIO Australia said net profit in the first half ended Dec 31 rose 119 per cent to A 593.9 million, reflecting the absence of major catastrophes and increased profits on investments from a strong stock market. Bloomberg Business News
          Bloomberg Business News  -  49 words
        • Article
          Lock icon Listed Hogan film panned on debut
          97 10 Bloomberg Business News SYDNEY The new Paul Hogan film Lightning Jack, whose financing was raised through a listing on the Australian Stock Exchange, had opened to poor reviews but good box office receipts in the United States, local newspapers said. The Australian Financial Review
          Bloomberg Business News  -  97 words
    • FINANCE
      • Article
        Cambodia to fine laggard banks
        582 11  -  By Harish Mehta SINGAPORE Cambodia will impose hefty fines on several foreign banks and confiscate their licences if they do not open by the end of May. Firms that have been awarded banking licences in the past two years but have not opened risk heavy
        582 words
      • Article
        Lock icon Central bank to keep yuan exchange rate stable this year
        199 11 Knight-Ridder HONGKONG China s central bank would maintain a stable exchange rate for the yuan this year, the China Daily newspaper reported at the weekend. "The goal is to maintain a stable and sound foreign exchange market," Lin Yuli. vice-president
        Knight-Ridder  -  199 words
      • Article
        Lock icon Korea Development Bank issues US$ 200m in dragon bonds
        243 11 Bloomberg Business News HONGKONG Korea Development Bank, a govern-ment-owned entity that extends loans to infrastructure projects, was to start selling US$2OO million (SS3I6 million) in five-year floating rate dragon bonds yesterday, said Winnie Wong, senior officer at IBJ Asia. IBJ is
        Bloomberg Business News  -  243 words
      • SMALL CHANGE
        • Article
          Lock icon Citibank Seoul in swap probe
          106 11 Knight-Ridder SEOUL Citibank is under investigation here for aiding capital flight through manipulation of an interest rate swap contract, local papers reported on Sunday. The Seoul branch of the USbased bank allegedly helped a client move funds offshore by taking a US$l.7 million (552.6 million)
          Knight-Ridder  -  106 words
        • Article
          Lock icon Taiwan easing foreign NT$ account curbs
          91 11 Reuter TAIPEI Taiwan plans to ease restrictions on the opening of Taiwan dollar bank accounts by foreigners, central bank officials said. The officials said the reform would be part of Taiwan's efforts to become a regional financial centre but declined to provide details, saying
          Reuter  -  91 words
        • Article
          Lock icon Syndicate to buy AGC Thailand stake
          116 11 Bangkok Post BANGKOK A syndicate led by Securities One pic signed a contract on March 10 to acquire a 80 per cent stake in AGC Finance Securities (Thailand) Co. The 1.4 billion baht (SsB7 million) deal follows an earlier memorandum of understanding with AGC's
          Bangkok Post  -  116 words
        • Article
          Lock icon Manila pension fund invests in US
          67 11 AFP MANILA Government Service Insurance System (GSIS), a Philippine government-run pension fund, said yesterday it was investing US$5O million (SS79 million) in overseas mutual funds for the first time in search of higher returns. GSIS, a pension fund for government employees, is initially releasing
          AFP  -  67 words
    • FINANCE & COMMODITIES
      • Article, Illustration
        Lock icon Oil prices ebb and flow through the Opec years
        530 12 Reuter LONDON The price of oil is back in the news, this time because it is on the way down instead of up. In real terms, allowing for inflation, crude oil now at USSI3 (5520.54) a barrel fetches scarcely more than
        Reuter  -  530 words
      • Article
        Lock icon Korea Zinc buys 40pc of NSW mine from Australia's Pasminco
        297 12 Bloomberg Business News MELBOURNE Korea Zinc Co would purchase 40 per cent of the Elura zinc mine from Australian base metals miner Pasminco Ltd for AS4O million (SS44 million) Pasminco said. Pasminco will retain a 60 per cent interest in
        Bloomberg Business News  -  297 words
      • Article
        Lock icon Oman Oil to set up 2 refinery ventures with India govt firms
        370 12 Knight-Ridder BOMBAY Oman Oil Company and two of India's gov-ernment-owned petroleum firms will set up two refineries as joint venture companies. The Observer of Business and Politics newspaper yesterday quoted industry officials as saying each would have a
        Knight-Ridder  -  370 words
      • Article
        Lock icon Russian regions likely to continue importing grain this year
        318 12 Reuter MOSCOW Russian regions will continue to import grain this year even if the central government stops its purchases. President Boris Yeltsin said last week that Russia would buy "no grain at all" this year because reserves were ample to meet
        Reuter  -  318 words
      • Article
        Lock icon Bangladesh discovers second coal deposit
        157 12 AFP DHAKA The Bangladesh Geological Survey has found the country's second coal deposit in northern Dinajpur district and believe it could be as large as the first. The Financial Express newspaper reported during the weekend that large quantities of coal. peat, limestone and white clay
        AFP  -  157 words
      • Article
        Lock icon Land lease fears sour Fiji's sugar industry
        377 12 Reuter SUVA. Fiji Political and industry leaders are warning of a slowdown in Fiji's vital sugar industry because of uncertainty over land leases. They say insecurity over the future and a gradual drop in sugar prices, expected under the Gatt (General Agreement on
        Reuter  -  377 words
      • Article
        Crude futures up with exports curtailed
        318 12 Bloomberg ENERGY REPORT LONDON Brent Blend crude oil futures prices in London rose yesterday as exports from the North and Black Sea were curtailed, brokers said. Tanker berthing at Sullom Voe in Scotland was again suspended by gale-force winds, while a vessel collision closed
        318 words
      • Article
        Lock icon London
        184 12 Reuter LONDON The dollar was stable in Europe late yesterday but failed to build on overnight gains with investors still cautious after last week's sharp sell-off. A bout of short-covering in the Far East helped drag the US currency up from the 1994 lows seen against the mark on
        Reuter  -  184 words
      • Article
        Lock icon New York
        90 12 AFP NEW YORK The dollar moved within narrow margins in quiet trading yesterday, edging up over Fridav's levei. At 9:30 am (1430 GMT), the dollar traded at 1.6865 German marks against 1.6875 in London, up from 1.6825 last Friday in New York. The greenback traded at 105.60 yen
        AFP  -  90 words
      • Article, Illustration
        Untitled
        1683 12 /uK/c-HiVtr/l/n/ llhk <oklllah'J S/*«,■ > 14 rraJiiiK /vi/ihTN Bum- inr. /W.< USS/SS forward rates Noon Mar 11 s$ Bid (Mfcf 1-month I .SSI* t.SSM 2-month ***** I 5830 Vmonth I 5812 1.582? 6-month 1.6800 I 5820 Of m Source: OCBC FOREIGN CURRENCY NOTE RATES As at IOmi on Mar 11:
        1,683 words
    • COMMODITIES & FUTURES
      • Article
        Lock icon Rolling over of contracts dominates activity
        1370 13 SMEX REPORT Reuter SINGAPORE Simex Eurodollars futures closed lower yesterday with much of the trading dominated by rolling over of the March contracts as they expire. "Most of the rollovers were into June though some went into September," said a dealer. He said Eurodollars
        Reuter  -  1,370 words
      • Article
        Gold in Hongkong, Tokyo firmer
        604 13 COMMODITY REPORTS Gold HONGKONG: Gold closed higher on Japanese buying and local short-coven ng yesterday, but was off its intraday high in quiet and slow trade, dealers said. Bullion touched a dav high of USS386.50/387.00 an ounce before slipping back to end at USS386.30/80. up
        604 words
      • KNOGHT – RIDDER commodity summary
        • Article
          Trade loophole to aid China zinc
          117 13 TOKYO A loophole in Japan's tariff-free trade programme is expected to allow imports of Chinese zinc to exceed next vear's quota. As a result, some 15,000 tonnes of Chinese-made zinc may enter Japan tariff-free in fiscal 1994-95 (April-March), compared with an official limit of
          117 words
        • Article
          India state metal firm shifts strategy
          113 13 BOMBAY India's state-run Minerals and Metals Trading Corp has changed its strategy for metal sourcing. procurement and sales, and has adopted flexible pricing to remain competitive after the government abolished its monopoly on imports of non-ferrous metals in 1992, said a senior official. And
          113 words
        • Article
          Producers, funds key to copper price
          76 13 TOKYO A further rise in copper prices yesterday following Friday's U5522.50-a-tonne gain hinges on the strategies of the big commodities funds and copper producers, some traders say. "At U551,950 (a tonne), copper will be great sell for producers." according to a trader. Copper producers
          76 words
        • Article
          Cotton harvest delayed in Australia
          107 13 SYDNEY Wet weather has delayed ginning in the far north of Australia's cotton growing region. Queensland Cotton marketing manager ClifT White said rain had stopped picking, but harvesting was likely to resume soon as fine weather returned last Friday. "What we need now is a
          107 words
    • Article
      COMMODITY PRICES
      1480 13 Rubber Singapore Connno<lity Exdungt (futures dosing as at lpm) IBS t C—tract (S ccnts/kg) Close Volume Open Month High Low Sett (tonnes) Interest Apr 94 147.75 146 00 145.75 700 2.425 May 150.00 148.00 147.75 200 5.200 iun 151.50 151.25 149 00 100 6.550 Jul/Sep 152.25 150.50 150.75
      1,480 words
    • REGIONAL STOCK MARKETS
      • Article
        Australia
        1214 14 +26.2 Australian shares closed higher yesterday as investors reacted with confidence to strong performances on the Tokyo and New York bourses, brokers said. The key All Ordinaries index surged to 2.179.3. 26.2 points above Friday's close, while the All Industrials index rose 33.0 points to 3.324.8 and the All
        1,214 words
      • Article
        Manila
        567 14 +72.8 Manila share prices rose on bar-gain-hunting and news that utility firm Manila Electric Co (Meralco) and Filinvest Land Inc had declared 50 per cent stock dividends, brokers said. The composite price indices on the Philippine Stock Exchange's two trading floors climbed 2.8 per cent, with Manila up 72.80
        567 words
      • Article
        Taipei
        560 14 +60.77 Taiwan stocks recovered from early losses to close 1.2 per cent higher in what brokers described as a technical rebound from last week's plunge. The index ended 60.77 points up at its intra-day high of 5,333.87 after bouncing off a low of 5,231. Turnover was a thin NT540.92
        560 words
      • Article
        Seoul
        451 14 +9.41 Stocks closed higher for the third consecutive session on the back of healthy interest in banking shares and asset play counters, brokers said. The composite stock index closed 9.41 points up at 912.83 after hitting a day high of 921.37. "Strong buying interest was noticeable in banking issues
        451 words
      • Article
        New Zealand
        312 14 +6.18 New Zealand shares ended slightly firmer after a mixed session. but some say the market is still trying to find a bottom after the shakeout of the last few weeks. The NZSE-40 capital index ended 6.18 points higher at 2,221.43. Trade in troubled meat processor Fortex Group
        312 words
    • WORLD STOCK MARKETS
      • Article
        London
        588 14 +41.5 Shares closed strong, helped by higher European bonds and firm FTSE futures yesterday amid hopes of lower interest rates following encouraging UK inflation data. But turnover was down on recent levels and the bounce in prices from Friday's levels appeared to be fragile, dealers and analysts said. The
        588 words
      • Article
        Paris
        105 14 +40.11 French shares closed up 1.84 per cent with much of of the momentum coming from a good tone in bonds and futures markets, traders said. The CAC-40 index ended up 40.11 points, or 1.84 per cent, at 2.215.02. Volume was around 4.3 billion francs. Paris Mar 14 Fr
        105 words
      • Article
        Frankfurt
        166 14 +41.68 German share prices closed the bourse session higher but weakening DAX futures prices pulled shares off intradav highs, dealers said. Shares were propped by firm bund futures prices but were seen taking cue from US markets. The DAX index ended at 2,145.70, up 1.98 per cent or 41.68
        166 words
      • Article
        Brussels
        207 14 +3.92 Belgian shares ended firmer amid a last-minute bout of Bcl-20 basket buying after drifting into the red during the afternoon despite strength in other European stock markets. Dealers noted that the Belgian market had lagged other stock markets in their recent weakness, and said that underlying sentiment remained
        207 words
      • Article
        Milan
        153 14 1.34pc Shares ended off highs but retained a positive tone as players covered short positions ahead of the end of the March trading account tomorrow. Telecommunications stocks again put in a strong performance after Prime Minister Carlo Azcglio Ciampi confirmed a timetable with Stct's privatisation in autumn over the
        153 words
      • Article
        Amsterdam
        319 14 +5.97 A climbing bond market pulled financial stocks and the entire Amsterdam AEX share index to a higher close, with traders predicting further near-term rises. The index closed at 423.90. up 5.97 points or 1.43 per cent. "I think the bull trend is still intact," said Patrick van Lcur
        319 words
      • Article
        Zurich
        258 14 +20.92 Swiss shares ended firmer, following other equity and bond markets elsewhere in Europe. However, volume remained thin, indicating that investors remained cautious. dealers said. But the fact that the market managed to hold early gains in afternoon trading was a positive sign and further rises are seen possible
        258 words
      • Article
        Johannesburg
        306 14 +32 Window-dressing of major stocks ahead of this afternoon's futures close-out was seen boosting indices in late afternoon trade yesterday, dealers said. The overall index ended 32 points better at 5,156 and the industrial index was 32 points higher at 5,994. The gold index was 31 points firmer at
        306 words
      • Article
        Toronto
        266 14 +16.7 Toronto stocks edged higher in quiet early trading yesterday led by gains in precious metals, consumer products and transportation issues. Traders said they expect a quiet week ahead with many Canadian investors away for spring break holidays. The TSE 300 composite index rose 16.7 points to 4.463.60 on
        266 words
      • Article
        New York
        707 14 +3.65 The Dow Jones industrial average, which soared 32.08 points on Friday, was ahead 3.65 points to 3.866.35 at 11 am EST yesterday. The New York Stock Exchange composite index was ahead 0.39 to 258.92. while the S&P 500-stock index was up 0.61 to 467.05. Advances topped declines
        707 words
      • Article
        Untitled
        775 14 Britannia Funds I Sterling («sh Bid Offer Mini t ap Deposit M<0 M f.SJU Nliin Jcn*r\ (nit 0I1NJ 0 1 *>2 Mim Makuat *1 0100 *1 "500 LSS C ash Income PVs f und ******0 *10 <MJ0 PSS Rfttnc Fund 5 24<*> 5 2500 Sterling KqimI) Euro Pert or manor
        775 words
    • Article, Illustration
      Lock icon HONGKONG
      3112 15 Reuter HONGKONG Stocks staged a strong rebound in the afternoon to end the day higher yesterday, after the main index fell nearly 300 points in the morning session. Brokers linked the upturn to signs that SinoUS friction over human rights might be easing. The Hang Seng Index ended 74.41
      Reuter; Source: Bridge Info  -  3,112 words
    • Article, Illustration
      CHINA
      549 15 EXCITED by Beijing's measures to rescue the market, the CLSA Shanghai ATndex soared 393.2 points, or 10.3 per cent, to 4,216.13 with a record turnover of 5 billion renminbi. The Shanghai B market also turned more active with the index up 11.41 points to 851.15. Phoenix Bicycle and Sewing
      549 words
    • Article, Illustration
      Lock icon TOKYO
      2547 15 Reuter TOKYO Stocks closed firmer on a large amount of arbitragelinked buying yesterday, and the Nikkei Average finished at its highest level so far this year, brokers said. The Nikkei Average closed up 410.84 points or 2.04 per cent at 20,526.15. The previous closing high for this year was
      Reuter; Source: Bridge Info  -  2,547 words
    • Article, Illustration
      Lock icon BANGKOK
      1798 15 Reuter BANGKOK Thai stocks lost more ground to close down 1.73 per cent once investors decided the index would not be able to stay above the 1.300-point level, brokers said. The SET index fell 22.86 points to close the day at 1.296.55 after managing to keep above 1.320 points
      Reuter; Source: Bridge Info  -  1,798 words
  • Page 8 Advertisements
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      22 8 \Cw'd* EYE ON THE TIGERS Nobody covers East Asia like we do. The Region. Everyday. SINGAPORE rr Business Times we atom asia
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      278 8 •Ml All our 350 Caran d'Ache pens have been given away. For your chance to win exquisite Swiss timepieces, //I Due to overwhelming we'll be giving away additional \WJw Caran d'Ache pens to the J) JW next 150 subscribers! jj ow when you subscribe to the Business Times, you'll get
      278 words
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      139 9 In a recent survey of 20,000 business travellers by a travel magazine*, 48% stated that in-room fax is the most important new guest amenity. Inn Fax is now available to progressive hotels and sophisticated business travellers Singapore. It provides: HH 24-hour send and receive fax capability the room. a private
      139 words
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      100 10 ■i m W pnw *1 verything about Myanmar Airways International is new. New hospitality. Dine on Myanmar, Western or Chinese cuisine. Enjoy name. New aircraft. New international flight crew with years our free-flow of fine French wine. Or simply sit back and relax H New 8757 Three Times II Week
      100 words
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      Page 10 Advertisements Column 2
      81 10 |K| ■B* Personal touch, Gracious living, Smiling, friendly faces await you at Liang Court Regency. Elegant apartments wilh residential touches. Superb amenities for recreation, entertainment, dining out and shopping at your ikx»rstep. A choice location near exciting Orchard Road and the central business district. And most of all, that warm
      81 words
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      336 11 fffTl University of South Australia A two-year programme 360 seminar hours 100% in Singapore The University was placed Second overall in the 1994 Australian Research Council's Collaborative Research Grant Also gained 6 Australia Postgraduate Research Awards (Industry) This programme is specially designed for busy senior executives Commencement Date: June 1994.
      336 words
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      71 12 Whatever your printer is, we've a specially developed labdforyou i gar 1 printers printers JU A Photocopier. guaranteed trouble-free v guaranteed top ?"%£!???Jjl? k\ printinq quality printing printing results 1.. iH SB SuaSs P, n9 I "lfSi"rMiir absolutely no peeling- available in various fl colours For faultless printing everytime, insist
      71 words
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      339 13 Call *****60 (English) or *****90 (Mandarin) by using any telephone, you can get the real-time information for any Shares in SES from anywhere and any time. Key-in your Account Number. (D Key-in your PIN Number. (3) If you Account Number and PIN Number are confirmed, you wi get Ihe latest
      339 words
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      Page 13 Advertisements Column 2
      39 13 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead. Business /"frX heats up A>V when you make the call and I#^* place an CJLTA I ad. 1737-11— I
      39 words
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      85 14 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 offifteen handcrafted operations which create a unique personality. The 23.6 karat gold trim gives Man 100 a distinctive appearance and texture. Waterman offers a
      85 words
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      40 15 REGIONAL ANALYSIS Every Wednesday, in Business Times The Jakarta market is closed. Trading resumes on March 17. frSgllgj PORT SHOTS vv The latest in sea, air and land transportation Shipping Times Monday to Friday. SINGAPORE HP Business Times WE KNOWASA
      40 words
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      627 16 IMNottiingßeaflsAßiicLlß or IKii a good reason to visit Mischief the fun pub: From spm to Bpm da#y, beer and house pouring cirlnks are at only S3.so++ each. Mischief is open from 11 am to 1 am daMy (tiH 2am on Fridays, Saturdays I eve of public holidays) I For reservations,
      627 words
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      Page 16 Advertisements Column 2
      199 16 WHERE TO WINE, DINE AND ENTERTAIN Mate tomcfluAff aW* 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 Hotel. O&pf+Tit/ Plaza Hotel ■xJ L NSW i tonesc nunrh^g Simply <4KKa£jßjjr
      199 words
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      Page 16 Advertisements Column 3
      390 16 Savour South African dishes at Chatterbox from IS to 26 March during the South African food Wine 'Promotion. HHth chefs specially fUmm in from 'The Cariton, Johannesburg, you 're in for a mouth watering treat. "Don t miss it! Coffee Shop Date IS 2b March 94 m lloor Lunch Buffet
      390 words
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  • LIFESTYLE
    • Article, Illustration
      Lock icon Yoko on stage
      1534 17  -  John Lennon's widow takes time off from preparations for her new musical for an interview with Alex Witchel Alex Witchel NYT SHE IS every woman's .worst nightmare. Her first two marriages ended in divorce. Her third husband was shot and killed in front of her. She lost
      NYT  -  1,534 words
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      244 17 A toast f to i j Sunday. Now when you brunch at Capers you'll find more than sumptuous Asian and Continental favourites for only %32** per adult and $16 for children under 14. The $55 Champagne Brunch includes a bottle of the bubbly for two. Cheers! s 1 the I
      244 words
  • Page 17 Miscellaneous
    • Miscellaneous
      Page 17 Miscellaneous Column 1
      1232 17 I TV RADIO 1 Mt« i-J-* 'sjjj SBCI2 t M m a beautito 4r H Secret Nature Of The Channel Shore, 9.30pm, SBC n^HlJl^^^H freshwater on the western end t»wy of Britain's south eoast. Slap- 11. vr M vast pool near jUm 9 High Ice, 11.15pm, SBC 5 Hjßr uJ^K/O^M
      1,232 words
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  • SPORTS
    • Article, Illustration
      Lock icon Price the winner with near perfect round
      807 18 Honda Classic Goir NYT FORT LAUDERDALE. Florida Nick Price, playing nearly perfect golf, came from three strokes behind on Sunday to win the Honda Classic and forcefully state his case for consideration as the world's best golfer. In a display that was as
      NYT  -  807 words
    • Article
      Lock icon UK's Barry Lane bags his fifth Europe PGA Tour victory
      312 18 AP PALMA DE MALLORCA, Spain Barry Lane of England shot a final round 3-un-der-par 69 on Sunday to cruise to his fifth European PGA Tour victory with a two-shot win over countryman Jim Payne in the Baleares Open. Lane started
      AP  -  312 words
    • Article, Illustration
      Lock icon Give Chinese a break over drugs, blasts British coach
      483 19 AFP PARIS Stop taunting China's top women athletes with drugs slurs. British supremo coach Frank Dick said here on Sunday. Dick, speaking at the European indoor athletics championships. added: "It's also time to quash these silly stories about turtle soup." The
      AFP  -  483 words
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      1353 18 f©DBSBANK 1 THE DEVELOPMENT BANK OF SINGAPORE LTD (Incorporated in the Republic of Singapore) I To: AN Shareholders 1. RESULTS FOR THE YEAR BIDED 31 DECEMBER 1953 H The Board of Directors of The Development Bank of Singapore Ltd announces that the audited results of DBS Bank and DBS Group
      1,353 words
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      Page 18 Advertisements Column 2
      225 18 Notice IN THE MATTEX Of TU COMPANIES ACT, CAT.» AW IN THE MATTES Of <h At Lrtniiiiiy G—d Mw» rf IW4 < 1«J» «kc Mwnn *<01 HiATte Ohm kt wmmt *«*Mir Cm Lilihlii 4 I* Swft SM iT* 11 wr> mt m My mmmt tm te DaM lUk Mack 1994
      225 words
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  • SPORT SHORTS
    • Article, Illustration
      Lock icon Basketball
      40 19 Reuter NEW \OKK NBA on Sundav: Orlando 93 Phoenix KK): Washington 97 Philadelphia 114: Minnesota 88 LA Lakers 90: Boston 87 Miami 106: Dallas 93 Houston KM): LA Clippers 120 Golden State 117 (OT): Seattle 114 Portland 102. Reuter
      Reuter  -  40 words
    • Article, Illustration
      Lock icon Golf
      62 19 Reuter lICSON, Arizona PingWelch's women's golf tournament on Sunda>: leading scores (all I S): 276 Donna Andrews 66 68 69 73 279 Judy Dickinson 71 71 69 68. Brandie Burton 69 68 69 73 280 Michelle McGann 72 70 69 69. Sherri Steinhauer 66 70 72 72 281 Laun
      Reuter  -  62 words
    • Article, Illustration
      Lock icon Olympics
      61 19 AFP TOKYO The Japanese city of Nagano yesterday denied reports that it had bribed an official from the town of Aosta. Italy, a rival candidate, during its lavish campaign for the right to stage the 1998 W inter Olvmpics. The reports alleged that the Japanese paid more than USS3
      AFP  -  61 words
    • Article, Illustration
      Lock icon Tennis
      137 19 Reuter KEY BISCAYNE, Florida I SS3-3 million (555.2 million) Lipton Championships on Sunda>. selected scores 2nd-round men: 1Pete Sampras (US) b Diego Nargiso <lta) 6-2 6-2: 8-Cedric Pioline (Fral b Vincent Spadea (US) 6-3 6-3: 14-Wayne Ferreira (SA) b Fernando Moligeni (Bra) 6-3 6-2: Jan Siemerink (Neth) b 13-1
      Reuter  -  137 words
    • Article, Illustration
      Lock icon Rugby
      78 19 AP Reuter LONDON Leicester's Dean Richards has been rivalled to England's team tor this weekend's ti-tle-deciding match against Wales in the Five Nations championship alter being Mdelined for two months with a dislocated elbow. The NoB forward will replace Steve Ojomoh PARIS France on Sunda> dropped skipper Olivier Roumat
      AP; Reuter  -  78 words
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      1155 19 BUSINESS TIMES TOI.L-FREE TEL No 1-800-741-1883 FAX 741-1296 IN THE MATTE* OT THE COMPANIES ACT CAT M AND IN THE MATTER OF FOOD HOLDING PTE LTD (la Mambera' Voluntary LiquMadoo) NOTICE or VINAL MEETING NOTICE IS HEREBY GIVEN pu»»ai» to Section M« of the Compamee Act Cap 50 tha a
      1,155 words
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      214 19 SAGA WATCH COLLECTION 18K COLD The extraordinary Saga timepiece JEWELLERS SINCE 1862 is indeed a Tabbah classic. Its distinctive rectangular dial is SAGA WATCH COLLECTION I bordered by precious stones 1Q If C* C\ I 1"% baguettes. Its distinctive styling is complemented by the equally stunning Beret fountain pen and
      214 words
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  • PROPERTY & CONSTRUCTION
    • Article
      Kumagai set to sell stake in Bangkok Expressway
      362 20 Sale will pave the way for completion of the long disputed motorway JAPANESE construction firm Kumagai Guini is set to sell its 65 per cent stake in Bangkok Expressway Co Ltd (BECL) to I hai contractor Ch Karnchang. Kumagai and BECL officials
      362 words
    • Article
      Scramble for office units in Guangzhou
      148 20 Buyers snapped up eight floors in the Bank of America Plaza building in Guangzhou soon after they were put on sale, the fastest take-up rate ever for properties in the southern Chinese city. South China Morning Post reported last week. Richard Ellis director Dominic
      148 words
    • Article
      PROPERTY WATCH
      235 20 JonesLang #9sWootton Selected market transactions in the past week ""gST 1 •y 1 PRIVATE Mar 6,1994 0316 Central Green Apt 764 99LH I 408,000 534 Mar 7,1994 0511 J BymPark Apt 2185 I FH 760,000 348 Mar8,1994 0923 OxteyGarden Apt ***** 750,000| 455 Mar 11,1994 j 1024 Clydesview
      235 words
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      570 20 HHHHH PERFORMANCE MANAGEMENT APPRAISAL April 1994 West in 8.30 am Are your staff underforming? How can you encourage and motivate your staff to higher This performance management and appraisal seminar is designed to help you answer these questions and more. Topics to be covered include: Managerial leadership styles and practices
      570 words
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  • PROPERTY
    • Article
      Residents reject Thai shophouse preservation plans
      403 21 Government regulations introduced nearly a decade ago on the preservation of historical places and the environment on the Thai island of Rattanakosin Island have failed because of opposition from residents, said the Bangkok Post. The paper said the Bangkok Metropolitan Administration (BMA). the project
      403 words
    • Article
      Lock icon Swire revalues property portfolio to HK$ 56.18b
      255 21 Reuter SWIRE Pacific Ltd said its property portfolio was revalued to HK556.18 billion (SSI 1.23 billion) as at end-1993 with an increase in its property valuation reserve by HK$ 13.47 billion. The company revalued its property portfolio to HK538.94 billion as of end
      Reuter  -  255 words
    • REGIONAL SKYLINE
      • Article
        Bangkok speculators on prowl again
        90 21 BANGKOK Speculation on inner-city condominium projects is on the rise again, fuelled by the surge in demand for units which allow residents to beat Bangkok's infamous traffic jams, Bangkok Post reported recently. It quoted managing director of Thailand's Agency for Real Estate Affairs Sopon Pomchokechai
        90 words
      • Article, Illustration
        HK buyers snap up UK properties
        79 21 HONGKONG Hongkong investment in British properties such as these London terrace houses has soared to its highest level in years. South China Morning Post reported recently. Barry Lea, regional director at bankers Hill Samuel, said the bank had advanced lines of credit for property
        79 words
      • Article
        Lock icon JSEDC expands development in Senai
        113 21 Bernama JOHOR BARU A further 136 hectares have been developed by the Johor State Economic Development Corporation (JSEDC) as part of the Phase 111 expansion of the Senai Industrial Estate due to the increasing demand for industrial land in Senai. A corporation spokesman said over
        Bernama  -  113 words
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      412 21 MISSING FILES, PRONE TO VIRUSES, COMPLICATIONS? TIMETOSEEA SPECIALIST. a«* 3F 4-m r i wf r: t^JBBll d^,;,',','. 1 1 MtdUCC i Here's the remedy to all the problems you face with your filing system. The Canofile 250 has no equal. Even a PC based filing system pales in The Canofile
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  • Article
    The European imbroglio
    492 22 EDITORIAL THE gathering in Brussels of European Union foreign ministers two weeks ago highlights the laek of eonsensus and political will among European member states on a number of issues crucial to Europe's future. The EU has failed to reach substantive progress in opening up international trade
    492 words
  • WHAT THE OTHERS SAY
    • Article
      Security in integration
      344 22 CHINESE LEADER Deng Xiaoping's reported call for the strengthening of economic ties with Taiwan in order to contain the independence movement there is only apparently dramatic. It is actually an acknowledgement of what is happening already. At the economic level, integration is a fact of life in
      344 words
    • Article
      A season of renewal
      171 22 HARI RAYA PUASA is being celebrated by our Muslim brothers and sisters. This signals the end of the month of Ramadan, a holy month for the Muslims who fasted and prayed for one whole month to spiritually cleanse themselves and also to show that they empathise
      171 words
    • Article
      Cocky China and the MFN
      148 22 CHINA CAN live without the Most Favoured Nation (MFN) trading status. Premier Li Peng declared yesterday. Already somewhat cocky about the chances of renewal, mainland officials now appear to have become arrogant towards Washington, who. they are convinced, would be the bigger loser in any
      148 words
    • Article
      CPF and strong family ties
      186 22 LABOUR MINISTER Lee Boon Yang's Parliamentary speech on raising the CPF minimum sum in steps should reassure the public, especially the lower-income group, that the scheme seeks to bring about better old-age provision rather than hardship. And the fact that the older workers can still
      186 words
    • Article
      A glimmer of hope for Bosnia
      84 22 IT TOOK a massacre of some 70 innocent Bosnians and hundreds more wounded in a crowded marketplace to galvanise Western powers who have sat on the sidelines while atrocities surpassing those committed by the Nazis were going on daily in their backyard to finally
      84 words
    • Article
      Demise of the CPP
      124 22 SOUTH-EAST ASIA'S last active armed rebellion is on its last legs. The 25-year-old insurgency of the Communist Party of the Philippines (CPP) is collapsing around the heads of the badly split leadership. By refusing for well over a year now to participate in peace negotiations, the
      124 words
  • Article, Illustration
    Lock icon The new liberalisation and its global implications
    944 22  -  A recent study reveals more awareness in developing countries of the benefits of the market as well as of liberal trade and higher exports. Martin Wolf reports Martin Wolf FT IN THE course of the Uruguay Round of multilateral trade negotiations, set to
    FT  -  944 words
  • Page 22 Advertisements
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      102 22 fe. The Unbridled Spirit of Nature... Unconquered by Time Since 1886, West End Watches have weathered time and change. During the two World Wars, its sturdy frame and acute precision proved popular with military personnel. More than a century later, the West End Watch lives through the Sowar Prima Watch
      102 words
  • Page 22 Miscellaneous
    • Miscellaneous
      Page 22 Miscellaneous Column 1
      80 22 I i -n»ewg. just\ s A W.JONe.s.»/ seMT round j^Utexcn® as eASSOCIATSOMeWS*A/>e*SLTD, I*2-tfM fS'T" DOU}NI 91*9APOOWESBURY GARRY TRUDEAU act*, me guilty v&vict albert SLOCum, uhatare i do, rolamp. but I'll tbu DADTY/ 10! let )S BEING HAiLSD TODAY BY YOUR FfEUNEfa RIGHT NOW 9 YOU, /75 B6EH A LONG. A
      80 words
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  • ANALYSIS
    • Article, Illustration
      Lock icon As Motorola starts calling the shots...
      1243 23  -  While Andrew Pollack examines what Motorola gained in the deal struck last weekend and what it portends for broader US-Japan trade negotiations, David E Sanger finds Japanese palates growing less fussy as the country faces a severe domestic rice shortage Andrew Pollack David E
      NYT  -  1,243 words
    • Article
      Lock icon Got to go against the grain
      865 23 NYT THE WORD rippled through the giant industrial city of Osaka last Friday night, first through the back streets around the sprawling railroad station, then into the well-heeled suburbs. Be at Hanyku Department Store, everyone said, 10 am. There will be a shipment of
      NYT  -  865 words
  • Page 23 Advertisements
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      Page 23 Advertisements Column 1
      27 23 Find a new rider for your wheels Pedal your wheels to all kinds of people and clean out your store room with a convenient, fast-acting classified ad.
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      Page 23 Advertisements Column 2
      197 23 mm& BniW?ws■*•¥!■^WSlM?iml f :#gitm& II fVll Today's SMEs could bo tomor Simply fay improving cash How dated companies in Malaysia, Expansion raw's MNCs. AM if tokos is a little with iwwwdfato cash advawcos Thailand, Indonosia and H»o Improved Cash Flou imagination, forward thinking off up to 90% against thair Philippines,
      197 words
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  • Article
    Lock icon US-China differences are narrowing, says Christopher
    442 24 AFP AP. Reuter BEIJING After two days of gloomy reports, US Secretary of State Warren Christopher gave an upbeat assessment yesterday at the conclusion of his visit to China. "I find the differences between China and the United States are narrowing somewhat," he said.
    AFP; AP.; Reuter  -  442 words
  • Article
    Lock icon US, Russia pledge to cooperate in world's hot spots
    253 24 Reuter VLADIVOSTOK Russia and the United States yesterday pledged to pursue cooperation in the world's hot spots despite their disagreements. The two superpowers' foreign policy chiefs told journalists after meeting briefly in this Far Eastern port that the two nations were
    Reuter  -  253 words
  • Article, Illustration
    Lock icon Grave moments
    55 24 Reuter SARAJEVO A family walking through the besieged capital's Bare cemetery for the first time in almost two years. Hundreds of civilians converged on the site on Sunday, the first day of the three-day Bajram holiday, which follows Ramadan, after French United Nations troops secured the front line
    Reuter  -  55 words
  • Article
    Lock icon Motorola accord a model for future deals: Mondale
    327 24 AP TOKYO A weekend agreement on giving US suppliers broader access to Tokyo's lucrative cellular telephone market might serve as a model for future talks on trade issues. United States Ambassador Walter Mondale yesterday said whether the deal would help soothe antagonisms
    AP  -  327 words
  • Article
    Lock icon SPD deals Kohl's coalition stinging blow in state poll
    307 24 Reuter BONN Germany's Social Democrats (SFD) yesterday launched this year's marathon election round with a resounding victory and dealt a stinging blow to the centre-right coalition in Bonn that they hope to unseat in October. Provisional final results from Sunday's vote
    Reuter  -  307 words
  • Article
    Lock icon Walt Disney, banks agree on rescue plan for Euro Disney
    244 24 KnightRidder PARIS The Walt Disney Co and the steering committee of creditor banks have agreed on a rescue plan for the Euro Disney theme park, threatened with bankruptcy two years after its gala opening. Euro Disney yesterday said the agreement,
    Knight- Ridder  -  244 words
  • Article, Illustration
    Any US trade gains will be at expense of others
    819 24  -  The Bottom Line ANTHONY ROWLEY ANTHONY ROWLEY The writer is BT's Tokyo correspondent Mickey kantor is fast earning for himself the reputation of being the "thug" of international trade. The US Trade Representative has upset the Japanese with his tough-guy
    819 words
  • Page 24 Advertisements
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      Page 24 Advertisements Column 1
      47 24 Nitsuka Jtmj Digital Heyp ho n e Systems Leaiing Edge Tethnology 7^ LES AMIS Restaurant Wine Bar W f—d* 4C*#iCC expcxiettee! OPENING TODAY emtt: *7tt 733-2225 No. 1 Scotts Road, #02-14/16 Shaw Centre Singapore 0922 (at street level on Claymore Hill opposite Hong Kong Bank's Tanglin Branch)
      47 words
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      Page 24 Advertisements Column 2
      38 24 Motorola starts calling the shots, Pg 23 SINGAPORE KJJALA LUMPUR NGEE ANN OOEON TOWERS A MEN AAA IMC CITY (Opp Rafflaa V |Opp Shangri-La Hotel) (Orchard Road) Hotal) Quality Serviced Offices Tel: 65-838 5243/ Fax: 65-339 1676 MRCENTRE
      38 words
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      Page 24 Advertisements Column 3
      161 24 Distributor Tet: 216 70!S C fay- ?7fl 7Cp fl Singapore Cofnmtinicjttons Equipment Co Pie Ltd I UA i h I 0 I QJ V Quality Service h Business IndonrMJ K nc» rcg««ul Irafcr Toul ipuiH) mjnjfrmmi in Aiu B«.Mnrss .tullrflft Km»\ middlf •TVup Farm*-* 3Ai x JJ.2 WASH! 1 b
      161 words
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  • Shipping Times
    • Article, Illustration
      Inchcape Shipping offers new service for users of Suez Canal
      328 25  -  By Alec Almazan SINGAPORE The world's largest independent shipping agent, Inchcape Shipping Services. is offering protective agency services for vessels using the Suez Canal and calling at major Egyptian ports. The canal, a vital link for vessels on the busy
      328 words
    • Article
      Lock icon Australia yet to find proper way to settle port disputes
      311 25 International Transport Journal SYDNEY In the last few years Australia has done a great deal to modernise its port labour system. But the possibility of strikes has not yet been eliminated. In many Australian ports, in particular Sydney and Melbourne,
      International Transport Journal  -  311 words
    • Article
      Lock icon Commodore Cruise Lines set for public launch
      334 25 Seatrade Week Newsfront NEW YORK Commodore Cruise Lines is poised to go public on the Nasdaq or the Boston Exchange via a sophisticated two-part financial transaction that will put former Kloste executive Kristian Stensbv at the helm of the oneship cruise company. Commodore
      Seatrade Week Newsfront  -  334 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      840 25 Page Col ABC Containcrlinc 12 5 Accord Group 8 1-3 Ahrenkiel Liner 4 1/2 •APL 5 3-5 Appenship X 4/5 •ANL 3 1/2 •ASCL 5 5 Avarit Shpg 6 4/5 Bait Orient Line 7 4/5 Bank Line. The 9 5 Batamindo 7 4
      840 words
    • Article
      Fears raised over Chinese interceptions of ships
      227 25 HONCikONG A senior international maritime official in London has raised fears that China could he trying to take over the whole South China Sea with a new campaign of interceptions of merchant shipping. International Maritime Bureau director Eric Ellen told the South China
      227 words
    • Article
      Lock icon Congress gets US$ lb plan to aid merchant fleet
      709 25 NYT WASHINGTON President Clinton has sent Congress a proposal for a 10-year. USSI billion (551.58 billion) programme intended to halt the decline of America's merchant fleet. Administration officials said last week the money was needed to prevent the extinction of the
      NYT  -  709 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        470 26 Vessel Voy Wo Berth Arrival Departure Vessel Voy Wo Berth Arrival Departure Jurong Port Equator Rise 106 4E P03 14 03/2100 15.03,1630 Pine BrigM 5519 ft alongside 15 03 0600 Hoe Ann 402N P03 1503,1600 16 03 0700 RaihmainK) I SJ5 94 13 alongside 15.03 0800 CliLDe
        470 words
      • Article
        CONTAINER SCHEDULES
        1870 26 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Booking/Balance Rslts Ship Voy No Etb/Btr Period From To From At. 3«r 1C9A 16 1500 IB 14 1500 14 1659 14 19C0 ?B 14 1700 15 C659 15 C90C 4 15
        1,870 words
    • Article
      THE SHIPPING GUIDE
      12043 34 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
      12,043 words
    • Article
      SHIPPING AGENTS
      3358 39 A x\BC Comaineriine NV: Bclsin Shpg Agencies Pte Ltd (Sy Marine Handling Sdn Bhd (PK/PN). Accord Group: Accord Shpg Pte Ltd (SyAccord Contr Line (PK/PN). Adkris Business Corporation Philippine: Calsource Shpg Trdg Pte Ltd (S) Ahrenkiel Liner Servicc: Kim Shpg Trdg (S). Albatros Sen-Air Service: Frata Shpg Pte
      3,358 words
    • Article
      COURIER SERVICES
      278 39 Abacus Couriers Tel: 545-8011. Fax: 545-1898. Air Express Travel Tel: 533-5771. Fax: 535-6144. Airborne Freight Corporation Tel: 542-8844. Fax: 542-3716. *****80. Aircwift Worldwide Cowier Tel: 278-0188. Fax: 273-8283. AJS Supplies Tel: 748-6322 (2 lines). 747-7421. Fax: 742-8975. City-Link International Tel: 344-3377. Fax: 345-6450. Cluster Link Supplies Services Td:
      278 words
    • Article
      AIR FORWARDERS
      1485 39 Abex Express Freight Tel: 542-7171. Fax: *****84. Actinic Forwarder Td: 225-1833. Fax: *****42. Activair Singapore Td: 542-7822. Fax: *****20. Aerotiak Freight International Td: 545-8031 Fax: *****05. Td"54M911. Fax: *****18. Air Cargo Novo Express Td: 542-5454. Fax: *****06. Air Express lateraatioaal Td: 542-7666. Fax: *****74. *****50. Air Market Express
      1,485 words
    • Article
      PORT CONDITIONS
      2165 40 ANGOLA Very quiet. Terminals working normally. ARGENTINA Santa Fe: No vessels berthed: no vessels in roads: max draft 23 ft. 3 > n Diamante: One vessel loading maize: no vessles in roads: max. draft 23 ft. 3 in. ALBANIA Durres: Two vessels operating of which I loading copper.
      2,165 words
    • Article
      CRUISE & FERRY SCHEDULES
      786 40 CRUISE FERRY SCHEDULES CRUISE SHIPS Ait Dep Name of Vessel ETA EI'D Ports of Calls Fort Agent Telephone No MARCH 15 15 Nippon Maru 0800 1500 Bomba> Sin Mitsui O S k Lines (S) 225-2811 Tokyo 15 15 Langkapun Star 1600 2030 Penang Sin Jardine Shpg Agencies 224-1052 Aquarius Medan
      786 words
    • Article
      Lock icon SHIP SALES & TANKER RATES
      1104 40 SHIP SALES TANKER RATES AFP THERE has again been limited movement in the market with only the dry handy bulker section showing any serious turnover of sales. One exception was the Polish built panamax bulker Berge Charlotte 69.000 dwt and built 1984. said to have been sold to Cerrahogullari in
      AFP  -  1,104 words
    • Article
      TRANSPORT DIARY
      345 41 COURSES Title: Principles of Shipping Operations and Practices (SDF 70%) Duration: Mar 8 Apr 22 Organiser: Singapore National Shipping Association Tel: For further details and application forms contact SNSA at 278-3464 or fax: 274-5079. Title: Sea Transport (SDF 70%) Duration: Mar 9 Jun 15 Organiser: Singapore Freight Forwarders
      345 words
    • Article
      COCKETT BUNKER MARKET REPORT
      790 41 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
      790 words
    • Article
      DAILY FREIGHTS
      1830 41 The Baltic Freight Index for spot dry cargo shipping rales was unchanged at 1.1 19 on Saturday from 1.1 19 on March 10. Kates slipped again on the key US Gulf to Japan grain run. although conflicting reports had initially emerged on the latest business in that sector,
      1,830 words
    • Article, Illustration
      Lock icon Japanese yen for cruises still going strong
      983 42  -  Even amid the current recession. Japan's cruise lines are optimistic that the market will continue to grow. Thomas Buckley reports Thomas Buckley Seatrade Review Economists explain that as a country's economy develops, sales of more expensive consumer goods will take off when its
      Seatrade Review  -  983 words
    • AIR AND LAND TRANSPORT NEWS
      • Article
        Lock icon Revamp will help Air France compete in Europe's open skies
        566 44 Reuter PARIS Air France's rescue plan may anger its rivals but the ultimate winners could be consumers as the airline cuts costs to compete in Europe's deregulated "open skies" market. analysts said last week. Chairman Christian Blanc last Thursday announced
        Reuter  -  566 words
      • Article, Illustration
        Lock icon Car makers desperately seeking buyers
        729 44 In Europe, too many cars are chasing too few customers Reuter GENEVA For Europeans who hate haggling over prices, now is the time to buy a new car. The industry, shell-shocked from a two-million plunge in sales last year, is desperate to do business, and
        Reuter  -  729 words
      • Article
        Lock icon Japan moves to open up market to US car makers
        441 44 AP DETROIT Japanese trade officials are pitching a strategy intended to make it easier for US automakers to sell their vehicles in Japan and help close the trade gap between the two countries. As part of a series of meetings
        AP  -  441 words
      • Article
        Lock icon China plans international airport at Yangtze site
        256 44 AFP BEIJING China is to build a 400 million yuan (SS7I million) international airport on the Yangtze River to meet increasing transport demand created by the construction of a massive dam. Xinhua news agency said last Saturday. The Three Gorges International Airport is
        AFP  -  256 words
      • Article
        Lock icon Aussie airline sales agent eyes China market
        187 44 AFP SYDNEY One of the big players on the general airline sales-agents scene here said last Friday it was set to move into China. Les Cassar, managing director of World Aviation, which represents 28 foreign airlines in Australia, said that many of the
        AFP  -  187 words
      • LOG BOOK
        • Article
          Lock icon Dasa to invest more in civil division
          94 44 Reuter BONN Germany's Deutsche Aerospace AG (Dasa) will expand its civil sector to make up for shrinking defence orders, but defence will remain a core business of the Daimler-Benz AG subsidiary. Werner Heinimann. president of DASA's aerospace, defence and civil systems divisions, last
          Reuter  -  94 words
        • Article, Illustration
          Lock icon Help for burning tanker
          50 44 Reuter ISTANBUL A Turkish police rescue boat circles round the oil tanker S'assia, calling through loudspeakers to trapped crewmen, as flames engulfed the Cyprus-flagged ship in the Bosphorous Strait early yesterday after it collided with a freighter, killing at least one crewman and injuring 15. Reuter
          Reuter  -  50 words
        • Article
          Lock icon Eurotunnel car service may start in July
          105 44 Reuter PARIS Eurotunnel will not be able to start its car passenger service until July at the earliest. French Sunday newspaper Le Journal du Dimanche said on Sunday, citing Eurotunnel chairman Andre Benard. "The shuttles transporting cars will be the last transport service
          Reuter  -  105 words
        • Article
          Lock icon Benefits for PAL staff overturned
          63 44 Reuter MANILA The Philippine Supreme Court on Friday overturned a government decision that Philippine Airlines (PAL) should award 1.26 billion pesos (Ss7l million) in benefits to its ground staff. The court said Labour Secretary Nieves Confesor, in trying .to settle a dispute between PAL and
          Reuter  -  63 words
      • Article
        Lock icon UK to pay US$ 29m to settle airport fee dispute
        235 44 Bloomberg Business News WASHINGTON The UK will pay U5529.5 million (5546.6 million) in damages to settle a 10-year-old dispute regarding overcharges on US carriers at London's Heathrow Airport between 1983 and 1989, the US Department of Transportation (DOT) said last
        Bloomberg Business News  -  235 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1692 44 ag nm n» nm n»_ an nm em n& Ma Dhabi GA893 1655 GA974 2325 ME633 2355 GA964 2340 pgfcMi SQ406 0120 MaiaMa QF81 1930 QF82 2050 SQ25 0645 Qf5 2220 SQ228 2105 Fraaktart LH772 1615 SQ326 2230 fcastariaai KL844 0535 QF6 1840 LH773 2359 2300
        1,692 words
  • Page 25 Advertisements
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      22 25 If you vrant it thereJ yesterday, Martw«M GRIFHN KINETIC *****33 Japanese yen for cruises, Page 18 Air France's rescue plan, Back Page
      22 words
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      Page 25 Advertisements Column 2
      27 25 Lines and services represented Members ef the Registry el Accredited |sflfmV*l Shipping Agents, Slwgapcrt NaUenal Strip- Vp ping Association. for advertising enquiries, contact Shipping Times: Tel 740-208&740-2090
      27 words
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      Page 25 Advertisements Column 3
      50 25 f/±7M+Rf M R FORWARDING PTE LTD WEEKLY CONSOL TO EUROPE CALL:*****00 Fairplav INFORMATION SYSTEMS LIMITED Fairplay Informations Systems Limited PO Box 96. Coulsdon Surrey CRS 2TE. United Kingdom Tel: +44 81 645 2840 Fax: +81 660 2824 (Singapore office) Tel: +65 227 2120 (Americas office) Tel: 1 518 537 6682
      50 words
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      1791 26 TSKUNE AGENCIES (S) PTE. LTD. AaflHa rI 1 17 V vwrrjl 226-3363 j| #v j J^ UJMH i ■^^^^■■■■Blliiiißilliliiiiiffiß^liHHlHliHiHHißHHHHliH^HiH CScnnrV w Tlx: RS *****/TSKSIN. I rVDnDT I TOKYO SENPAKU KAISHA, LTD. CR No: **********0N I I I EXPORT T9 yfA Wtyr cpast <?AU"**» Mfßtff) to iaot MaycTai«Ai»A» ctirj. coota—r mwcp
      1,791 words
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      2036 27 ~D niue euiDOiMft IBENCIEB JAROINE SHIPPING AGENCIES SON. BHD. OOCL (S) PTE LTD JAROINE SHIPPING AGENCIES PETALING JAYA TEL: 03-*****76 FAX 03-*****42 DOCUMENTATION TEL; 3 *****55 (INWARO)/*****90 (OUTWARD) 1 *****6 180 3 6 9 181/ 3269 182 p GUDANG TEL: *****2/3 FAX *****4 <OPNS> CUSTOSAERSVCTEL *****92^3269^91/*****93 JOHOR BAHRU TEL 07-23,270
      2,036 words
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      Page 27 Advertisements Column 2
      2115 27 iHEßSsasza WEEKLY SERVICE TO FREMANTLE NEXT AVAILABLE SAILING FAN REEFER V.9409 ETA SIN 18TH MARCH 94 Voy ETA ETD Feedefed t>» S .T t,!T™ DESTINATIONS ETA ETA ETA AM! MAERSK V 9404 fctfNRS JOM LPK PEN SFO MEM ATL MIA CHS BAL PHL NVC TOR 9404 l O'l '3 03
      2,115 words
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      1580 28 AOABA I RDAM/I [1 ALSO ACCEPTING FROM VESSEL VOY NO SPORE JEDOAH (VIA JED) S TON H BURG AWERP HAVRE MALAYSIA KIRISHIMA 03/110 16/3 2/4 5/4 3/4 Port KdflnQ, Penwig LUOWIQSHAFEN EXP 12/310 19/3 28/3 4/4 6/4 9/4 11/4 13/4 Pasif Gudang FRANKFURT EXPRESS 72/111 23/3 9/4 12/4 10/4 c
      1,580 words
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      Page 28 Advertisements Column 2
      645 28 FCL Break bulk Service to: AFGHANISTAN MAM Afghanistan Ltd., Sole Foreign Forwarder in Kabul for all services C.I.S.- Vostochny, Vladivostok, Moscow, Tashkent, Kiev, Minsk, Riga, Baku, Irkutsk, Alma Ata North Korea Vietnam Mongolia e Hungary FULL CONTAINER SERVICE TO NORTH/WEST AFRICA VESSEL SIN DKR Bunga Pelangi V 2054 16/3 13/4
      645 words
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      Page 28 Advertisements Column 3
      1182 28 NORASIA I" VSL/VOV SIN ALG BCL VAL HAM BRE ROT ANT FEL LHA I NORASIA SHARIAH 9410 3 K/03 06/04 09/04 10/04 11/04 12/04 13/04 14/04 15/04 15/04 I NORASIA MUBARAK 9411 3 23/03 13/04 16/04 17/04 18/04 19/04 20/04 21/04 22/04 22/04 I NORASIA Al MANSOORAH 9412 3 30/03
      1,182 words
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      1599 29 H STRAITS SHIPPING PTE LTD 10 Hoe Chiang Road #11-01 Keppel Towers Singapore 0208 Tel: *****88 Fax: *****17 new guinea pacific line jgWßp (A SERVICE OF CHINA NAVIGATION CO) CWtG£) TS DUE SAR.S STRAITS PRBE Yo4t KK. Skan. T»« 11-12 Mm MPT 15 Maf FCL. LCL CONTAINER AND MCAKMJLK (CRVKC
      1,599 words
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      Page 29 Advertisements Column 2
      3220 29 k|\ f SINGAPORE AGENT: PA«%f niriAttc P&O Containers (Singapore Agencies) Pte Ltd I iVI W jl 111 1 /M 1 1 MCI 10 Hoe Chiang Road #07-01 Keppel Towers. Singapore 0208 Te< 225 2233 Telex: RS ***** PNOCSP Fax: 225 5327/222 7517 WT s CR Number **********02 EXPoR T^^^^^^_—_ M
      3,220 words
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      620 30 EKA JAYA AGENCIES TEL: *****22 (8 LINES) FAX: *****05 SALES REPRESENTATIVES IN CHARGE LmANWAR TPAPE PACER hANPPtffINt/BBfcCl— W.UAM WEE y*nn a—a—i HO cm WWW CITV HEMfIY HOC lUM24—727MWM4m4 KELVIN CHAM *****2$ aHMMMB ►TO MYANMAR/YANGON SEMI CONTAINER m SERVICE jSfla"«r7 M OCEANLINES vsivot spore^I tango* spoke IBX 31/3 4/4 11/4 YANGON
      620 words
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      Page 30 Advertisements Column 2
      1816 30 HANJIN SHIPPING BOOKING TEL:- *****35-237 OPERATION TEL: *****41-253 SALES TEL:- *****22-233 DOCUMENT TEL: *****71-275 FDR VSL SM lUK HAUL S£A YM POX FOR VSL SM IIME HAUL SA¥ IM NYC HANJM OAKLAND 025£ 18 3 MttCT 7/4 1/4 9/4 HANM M/l */J 2 1/t HANJIN VANCOUVER OIGC 25 3 MECT
      1,816 words
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      Page 30 Advertisements Column 3
      1487 30 d-1 rTT-iTH^l^ IPKL SGP ASG WG KLG PUS Ml OS Kf 98 1(0 Ul 06 W DC IM MM ROM TIP MG PSD CW PU SGP I GRONtH H 044 IS 1(3 21 1 21/3 25/3 213 25 J 30 3 31/3 1/4 2/4 14-4 2C/4 21/4 25/4 5/5 10
      1,487 words
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      2577 31 I U PLEASE DIAL 1-800-*****00 (TOLL-FREE) II ir l C H FOR ALL BOOKINGS (NOL SERVICES) II EXPORT TO: PSW/PNW SINGAPORE CALIFORNIA EXPRESS (SCX) TO: USWC US GULP MIDWEST USCC CANADA VCSSCL VOY TEF LOS OAK VAN SET *TL ILI <LB Oil DLT HOI MPU SOK MA PLl> lOR MPS
      2,577 words
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      Page 31 Advertisements Column 2
      1083 31 A I MULTILINE SHIPPING PTE LTD ■V (i member of SINSOV Group) CR NO: **********0 C ENQUIRIES: *****33 BOOKINGS: *****64, *****51. *****31, *****13 BALTIC: INWARD *****97 OUTWARD *****10 T/S *****10 A BLASCO: INWARD *****65 OUTWARD *****28 T/S *****46 FESCO: BOOKINGS *****06 DOC *****07 MARINE INSURANCE: *****87 INVENTORY: *****59 AGENTS: KL:
      1,083 words
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      Page 32 Advertisements Column 1
      1467 32 44 AS AGENTS K" LK (SINGAPORE) PTE LTD (CH No: **********0 M] TEL: *****77 TELEX: KAWAKI R*****5 FAX: *****16/7/8/9 I V MALAYSIA T* INK MMITMI (MALAYSIA) SON BHO B m M TEL: SA *****00 PK *****75 PEN *****0 JB *****1 PGU *****5/6 INDONESIA: P.T. SAftANA LAUTMTBNUSA. TEL: JKT *****08 *>
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      Page 32 Advertisements Column 2
      1122 32 ©APPENSHIP (2) HAMBURG \j\J CONVENTIONAL INDEPENDENT UNER SERVICE EUROPE TO SOUTH EAST ASIA AND FAR EAST VESSELS LOAOMG PORTS USCHMGE/LOMNNG FOR INZHENER PARKHONYUK KLP 09/02 TON 21/02 TRT 02/03 SPORE 24/03. HUANGPU/XINGANG HONESTY SZE 16/02 HAM 22/02 SPORE 22/03. LAEM. BKK HARMEN OLDENDORFF HAM 18/02 SPORE 17/03. BKK. LAEM KOALA
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      Page 33 Advertisements Column 1
      848 33 /ssssflgl PACIFIC INTERNATIONAL LINES (PTE) LTD I 140 Cecil Street, #03-00 PIL Building, Singapore 0106. I SSSSSSSS CR NO **********0E I VESSEL VOY SIN CMS Jtß JED AGJ ADE HOD PZU ASA KOTA WIRAWAN WRNO36 10/3 20/3 2S/3 28/3 1/4 3W3 1/4 S/4 S/4 KOTA BERLIAN BRLOO3 26/3 5/4—lo/4 S/4
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      Page 33 Advertisements Column 2
      1114 33 |VT<«IS I WW I SW HWWIG ROTTERDAM «l"M»f 'HMtS U HARUE Wilt DAQUR.A 7532W 11/03 03/04 W/M 00/04 07/04 M/M VUU DHYDRA 0232W 10/03 04/04 *0/0* 11/04 12/04 13/04 WLLE Pt LYRA 7732H 23/03 IVO* 17/04 11/04 19/04 20/04 Will K VEGA N32N M/M 2*/0* 2S/0* 20/0* 27/04 •AISO ACCEPTOR!
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      Page 33 Advertisements Column 3
      400 33 Mk MYANMA pBBk FIVE STAR LINE (Myanmar National Line) Loading for Yangon (Rangoon) Spore PKIg Pen P Gd( PAGAN V2O7W In Port S*ted HP* AN V2OOW 15/17 Mir PAGAN V2OBW 29,31 M* MALAYSIA AGENTS BOUSTEAD SHIPPING AGENCES KUL Ttl 03-*****00 PKL. TEL 03-*****67 PtN: m 04-*****5 PGD TEL 07-*****1/4 NIGERIAN
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      Page 36 Advertisements Column 1
      1094 36 &_^?),;'(&~|`_\(%}?,]^+;=[.\%|< tRS SHINYEI SHIPPING (S) PTE LTD PUd 10 ANSON ROAD #15-01/02 INTERNATIONAL PLAZA SINGAPORE 0207 CR NO: IM2imoooon HOT LINE! *****38 (8 LINES) EUROPE ROTTERDAM. HAMBURG FELIXSTOWE 19/3/94 LEHAVRE/ANTWERP MEDITERRANEAN Barcelona, Marseille, genoa 24/3/94 USA LOS ANGELES. NEW YORK 20/3/94 'ALL IPI DESTINATIONS.. NATIONAL EXPRE6S 1 FORWARDERS (S) PTE
      1,094 words
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      Page 36 Advertisements Column 2
      200 36 TO AUSTRALIA/NEW ZEALAND Si F.ww IMb S,d 1 *oc> f CKOn MTNMKN 3t5 liJ* 20/4 21 2»« 1/5* ELLIN HUM 17* l»/4 21/4 tt,4 1/5 > MSSEI 127 J/5 11/5 17/5 M/ 5 25.5 2» 5 MMTHA I lii 2175 l/t t/t 12 15 VIA AUCKLAND TO USA/CANADA VSI I
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      Page 37 Advertisements Column 1
      651 37 FAMOUS CONTAINER LINES 10 ANSON RD. #15-21 INTERNATIONAL PLAZA, S PORE 0207 HOT LINE: *****33 (24 LINES) GOTHENBURG/SCAN 20/3 ROTTERDAM 20/3 AARHUS/COPENHAGEN 20/3 HAMBURG/BREMEN 20/3 MARSEILLE/FRANCE 20/3 FELIXSTOWE/UK 21/3 BARCELONA/SPAIN 17/3 LEHAVRE/FRANCE 16/3 GENOA/ITALY 21/3 ANTWERP/BELGIUM 20/3 LOS ANGELES/WC/PI 20/3 SYDNEY/MaBOURNE 16/3 NEW YORK/EC 20/3 FREMANTLE/ADELADE 18/3 VANCOUVER 18/3 BRISBANE
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      Page 37 Advertisements Column 2
      1088 37 11l mi iffljHMHifflMiflMßßßl m wb pmmi jf Av f PHI in |l^m\ it =F =51 S VESSEL VOY «N P€M ■fj I IMA BWUM !?52- J£-!3 omr. PgJ* BHUM 4543 Mow ImpT Wd |f/3~ H VESSEL VOY SIM BKK WAHA BWUM 219S Tw MPI St 18/3 pj JA bhujj 4545
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      Page 37 Advertisements Column 3
      663 37 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 [W TEL: *****33 (12 Uneo) aSL FAX: *****15/*****03 nj TELEX: RS ***** RISHIP (3 Lineo) ETHIOPIAN SHIPPING LINES r (National Lines of
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      Page 38 Advertisements Column 1
      1586 38 ■UUIMN CONTAINER LINES, INC I Agents: MAC-NELB SPORE: *****22 (24 LINES) Uv 'c/R Not **********0E SIBU (084) *****9 KUCHINQ (062) *****3 PENANG: (04) *****6 BANGKOK (662) *****67 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 PK SIN
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      Page 38 Advertisements Column 2
      215 38 I SEAWARD SHIPPING AND I TRADING CO (S) PTE LTD in tit it* sran rati mink knmk KIK MIX t" Pt loJdmc lor Ma* RUVN HUM) 20/3 Drchaigmg and lojdmg io» Bombay DOMW 20 3 lo*kn< ror Mate PODI SUPHW 14/3 load** lot MUtf UMCIDH Sa*d Loading fix Mate ROfiKSS
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      Page 38 Advertisements Column 3
      1020 38 O THONG SOON LINES PTE LTD 1 /WX 78 SHENTON NAY #10-01, SINGAPORE 0207 I V J V/ TQ-: 227-5088 FAX: 227-6011 I TLX: RS ***** CARRER. RS ***** JEHHOL CABLE: TOSOCO I SINGAPORE TO SARAWAK VESSEL Ivor IS'PttE iDEST VESSEL VOT S'POtE PEST EQUATOR 111 117/4E 17 MAR KUCHING
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      Page 41 Advertisements Column 1
      75 41 I rFACRJBY chance,A O'' 12™J —L job J Jfe .<££ yt jEfll TftE Any Job. any Career. CV.n-IVE available Any Day. To avoid stalemates, tiy some fresh strategies. .Nv T|ur Auvuiubde Innovation Technology. MINT I I ME.* ANYWHERE. Every Thursday. J J The Straits Times The Sunday times Business Times
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      Page 42 Advertisements Column 1
      473 42 NORTH PHILIPPINES PULL CONTAINER SERVICE VESSEL VOYAGE SINGAPORE MAWLA PENANG JAY A 9402N 20/03 (SOW) 26/03 (SAT) VIGOUR PACIFIC 9413W 25/03 (FRI) 02/04 (SAT) VIGOUR PACIFIC 9413 AW 28/03 (MOW) 02/04 (SAT) rTO T SOUTH PHILIPPINES FULL CONTAINER SERVICE VESSEL VOYAGE SINGAPORE I GENERAL SANTOS I DAVAO CEBU VIGOUR LUZON
      473 words
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      Page 42 Advertisements Column 2
      446 42 AMY ON HOLIDAYS 11/ HEN YOU SHIP WITH US BREAKBULK COTISOLIDATIOPI SERVICES PTE LTD H| jJH UaSSt/U W:> MOUSE 37 iHixlun llill blnijapt«r 020H T.I 22-> H332 tax 224 3343 A 3^ A y^£lriC I UKC CONVENTIONAL SERVICE VESSEL PKL PNG P G LOADING FOR A VESSEL 28/03 Rotterdam/Antwerp CHINA
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      Page 42 Advertisements Column 3
      22 42 7 STRAIGHT TALK You shouldn't have to read between the lines to get the full picture. Companies Markets. Everyday. Business Times Mil
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      Page 42 Miscellaneous Column 1
      793 42 TODAY'S TIDES (height in metres) HOUR 0000 0100 0200 0300 0400 0500 0600 0700 0800 0900 1000 1100 1200 1300 1400 1500 1600 1700 1800 1900 2000 2100 2200 2300 ft 2.7 28 2.7 23 1.7 1.1 07 05 05 0.7 1.3 20 25 27 2.7 24 19 1 3
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      Page 43 Advertisements Column 1
      917 43 A HYUNDAI I MMCHANT MARINE CO. LTD. WESTBOUND TO EUROPE BKG: *****61 PHft* PKE* PCD* VESSELS VOY SIN RTM ANT* LEH* HAM Bttt FR 09 03 11/03 12/03 H. INNOVATOR 308W 21/03 OS/04 09/04 11/04 09/04 09/04 12/04 16/03 18/03 19/03 H. EXPIORER 310 V» 28/03 15/03 16/04 18/04 16/04
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      Page 43 Advertisements Column 2
      494 43 STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS IMWIHD VESSELS kissel wt sf m SIM lACIVA VM mFT 1? I COSNC LEAK! MJ »/l COSMIC HOKEEA MS 21 J COSMC CMALLERCER HI M, J 20 i OUTBOUND VESSELS LOADING FOR SEN/NAG SEKI NAGOYA V9O SP IN PT PK 17/J
      494 words
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      Page 43 Advertisements Column 3
      1205 43 I VESSEL 1 VOY Sm ETA/D I LAX OAK I CHI I DAL MEM/COL IHOU 1 NYC NOR 1 ALLIGATOR TRIUMPH 53A 17 11/03 03/04 05/04 06/04 07/04 07/04 08 04 08 04 OS 04 I MACKINAC BRIOGE 75A 24-25/03 10/04 12/04 13/04 14/04 14 04 15 04 15 04
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