The Business Times, 22 March 1994

Total Pages: 68
1 68 The Business Times
  • 15 1 SINGAPORE Business Times MITA(P) 010/12/93 Tuesday March 22 1994 \\i: ksou asi i 75 c
    15 words
  • 2 am LATEST
    • 40 1 Reuter NEW YORK Wall Street stocks stayed lower in midday trading yesterday as the market continued its pullback, analysts said. At Ipm EST. the Dow Jones industrial average was down 29.58 points at 3,866.07. Reuter
      Reuter  -  40 words
    • 76 1 AFP LYON, France Youths smashed shop windows and police fired tear gas yesterday at the close of a rally by thousands of high-school students protesting against government plans to cut the minimum wage for young people. Several people were injured on both sides,
      AFP  -  76 words
  • 165 1 Stock market indices Monday Change STII 2,036.30 -67.72 KLSE Comp 954.18 -52.88 Nikkei closed Hang Seng 8.667.03 -465.28 SET Index 1,204.12 -42.72 Jakarta Comp 499.81 -9.07 CLSA China B ....1.085.94 -30.79 Aust All Ord 2,140.5 -23.0 FTSE 100 3,198.0 -20.1 Monday Previous lpm close Dow Jones 3,866.07 3.895.65
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  • 631 1  -  By R Sivanithy SINGAPORE Investor confidence and regional stock prices took another beating yesterday amid continued interest rate fears and as US funds jumped on the redemption bandwagon. Dealers said unfulfilled sell orders placed at the end of last week by
    Photo by Arthur Lee  -  631 words
  • 438 1  -  Trial project expected to face stiff opposition from competitors From Catherine Ong in HONGKONG HONGKONG Telecom is launching Asia's first video-on-demand (VOD) trial project in July but the move is expected to face opposition from two of Hongkong's leading hongs. William Lo. director of strategic
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  • 499 1  -  From Catherine Ong in HONGKONG THE award of new satellite uplink licences is being held up by the lack of an agreement from China and there is concern that the delay would undermine Hongkong's ambition to become the broadcasting beacon of Asia. Proposed
    499 words
  • 390 1  -  By Bernard Chew SINGAPORE Diary and organiser manufacturer Nippecraft launched its initial public ofTer yesterday, putting up 60 million shares with a par value of 10 cents each. Of these, 42 million are new shares and the rest are vendor shares offered by
    390 words
  • 206 1 Reuter I RANKFURT The German Bundesbank yesterday faced pressure to cut interest rates just one day after its policies were blasted by the chief economist of the country's largest commercial bank. In a radio interview. Joachim Vol/, an economist with the Berlin-based DIW
    Reuter  -  206 words
  • Page 1 Advertisements
    • 231 1 Tl* Worth Smatat 35mm Auto Focus Zoom Camera j Nikon ZGDIHI3QDQD COWTEWTS Ntws Companies S pore News 2 S poreMTsia 17.18.19 Regional News 3.4.6 Financial 21.22 World News 7.8 Features Markets Analysis 15 Clob/KLSE. StS 26-28 Editorial 1« Regtonal 24 Sports 9 World TV lifestyle 13 Currencies 22 Property 10.11
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    • 19 1 Property: Pg 10 Liang Court's aggressive overseas move S'pore civil service brought closer to private sector practice. Page 2
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    • 137 1 'The bottom Line: Pg 16 Usjtrade policy flawed SingaPort A BT special supplement After two lean years, it looks like the new l imes today, major players in every shipping mdustrv is poised for a turn- section of the shipping industrv gaze into around. In SingaPort94. a supplement their crystal
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  • SINGAPORE NEWS
    • EYE on the ECONOMY
      • 334 2  -  By Sylvia Wong SINGAPORE retailers reported flat sales in January this year, according to the Department of Statistics. Its latest figures show that total retail sales, including those of vehicles, were 0.1 per cent lower than in December 1993. And compared with January 1993, the
        Source: Dept of Statistics  -  334 words
    • 281 2 SYDNEY-BASED National Foods has acquired the assets of Singapore packaging group Lamipak KMP for an estimated AS9 million (SSIO million). The acquisition will be National Foods' springboard into the Asia-Pacific markets. National Foods ranks among Australia's top 100 listed companies in terms
      281 words
    • 183 2 SINGAPORE Prime Minister Goh Chok Tong yesterday praised Botswana for being able to maintain its internal stability and strong economic growth despite difficult times and uncertain regional political conditions. Speaking at a dinner at the Istana hosted in honour of the
      183 words
    • 174 2 AIRLINES will be able to coordinate their cargo reservations systems following the signing of an agreement between two airline cargo integrators here yesterday. The Cargo Information Distribution Interest Group (Cidig) and Traxon. an air cargo computer integration network group, will jointly promote the
      174 words
    • 577 2  -  Yesterday in Parliament Reports by Reports by Anna Teo Corinne Kerk THE grade and office of Permanent Secretary is being delinked, and the benchmark grade for the post raised from Superscale C to B. for more flexible promotion and deployment
      577 words
    • 458 2 POTONG Pasir MP Chiam See Tong demanded to know yesterday why opposition MPs could not run community centres in their constituencies. Because "you arc not part of us", was the reply from Minister for Home Affairs Wong Kan Seng,
      458 words
    • IN BRIEF
      • 78 2 PARLIAMENT has referred the Patents Bill to a Select Committee. In his second reading speech. Law Minister S Jayakumar said Singapore will benefit from this reform measure that introduces a new system of patent registration. Jalan Besar GRC MP Zulkifli Mohammed said the new system
        78 words
      • 107 2 NEW YORK law firm Sullivan and Cromwell was engaged by Temasek Holdings and Singapore Telecom to advise on international law in the Telecom flotation, said Minister of State for Finance C'dre (NS) Teo Chee Hean in reply to a question from opposition MP Low Thia
        107 words
      • 78 2 THE Ministry of Communications will consider lifting the Area Licensing Scheme (ALS) on Saturdays from 10.15 am onwards when it reviews the whole-day ALS, said Communications Minister Mah Bow Tan in reply to Kampong Glam GRC MP Wong Kwei Cheong. The review will
        78 words
      • 95 2 THE daily Medisave withdrawal limit for community hospitals is lower than that for restructured hospitals because their charges are also lower. Health Minister George Yeo said. With effect from Jan 1, 1994, the withdrawal limit for community hospitals was raised from Sioo to $150. or half that
        95 words
      • 93 2 THE Public Service Division will track the cost of medical subsidies to officers on the co-payments on ward charges scheme and those on the comprehensive co-payments scheme. This, together with the actual salary adjustments for each group in the next revision, will be used to
        93 words
    • 452 2  -  The OSA trial Reports by Ramesh Divyanathan THE charges against Crosby Securities regional economist Raymond Foo should be dropped because of the absence of knowledge and intention in his acts. Counsel Giam Chin Toon said yesterday that the mental element must be proved
      452 words
    • 284 2 COUNSEL Michael Khoo said yesterday that the prosecution in the Official Secrets Act (OSA) case had taken portions of Manu Bhaskaran's statements out of context for their own purposes. Mr Khoo said that contrary to what the prosecution claimed, the Crosby
      284 words
    • 145 2 On trial: Five men who face II charges of breaching the Official Secrets Act. One is charged with endangering the secrecy of classified documents and the other four with communicating and/or receiving the government's 4.6 per cent flash estimate of second-quarter 1992 economic growth before it was officially
      145 words
    • 358 2 A SUBORDINATE court heard yesterday that involuntary receipt of secret data is a valid defence under the Official Secrets Act (OSA). Lawyer K Shanmugam said that even if the prosecution can prove Business Times editor Patrick Daniel received the data.
      358 words
  • Page 2 Advertisements
    • 74 2 Epson Makes Business A Pleasure. EPSON iHOMG KONG-STYLE CHINESE RESTAURANT Conveniently located at the new office tower/shopping mall at 298 Beach Road (The Concourse"), this new Chinese restaurant is scheduled for business on Ist April 1994. It already has 4 Hong Kong chefs. The selling price is total costs (approximately
      74 words

  • SOUTH-EAST ASIA
    • 420 3  -  KL warns it may ask other carmakers to help design Proton engine From Ho Kay Tat in KUALA LUMPUR SHOWING some signs of impatience with its Japanese partner, Malaysia said it may tap other carmakers to help it design the engine and
      420 words
    • 68 3 AFP JAKARTA Indonesian President Suharto (left) chatting with Singapore Defence Minister Yeo Ning Hong (right) when they met yesterday. After the meeting with Mr Suharto, Dr Yeo told reporters that military cooperation between the two countries had been discussed and that the talks included general
      AFP  -  68 words
    • 450 3 AFP MANILA A ruling party congressman has filed a Bill to open the billion-dollar retail industry to foreigners. The Bill would boost foreign investment and tourism and result in better consumer services. Representative Manuel Villar said yesterday. The liberalisation
      AFP  -  450 words
    • 300 3 AFP JAKARTA Australia wants to increase its investments in Indonesia. Visiting Minister for Trade Affairs Bob McMullan yesterday said: "We're seeking to encourage Australian business to invest more in Indonesia, both because it is good for the Australian economy and because it's good
      AFP  -  300 words
    • 382 3 Reuter KOTA KINABALU Hrnis linked to Prime Minister Mahathir Mohamad's ruling party will get first shot at projects worth an estimated MS2 billion (551.16 billion) in Sabah state now it is no longer in the opposition camp, analysts said
      Reuter  -  382 words
    • ASIA NOTES
      • 104 3 Reuter MANILA The Philippines' two stock markets will be merged tomorrow with a single price and quote for all 200 issues, a senior ofllcial said here yesterday. "Everything will be linked on Wednesday. We're keeping our fingers crossed that nothing goes wrong," Don Sevilla, director
        Reuter  -  104 words
      • 92 3 AP TOKYO Japan will give Vietnam US$29 million (5545.8 million) to help pay for imports needed to improve the country's economy, the Japanese Foreign Ministry said yesterday. It is the first such grant to go towards fulfilling Japan's pledge in 1992 to extend US$65O
        AP  -  92 words
      • 70 3 Reuter MANILA The Philippines received more foreign loans in 1993 than it paid out in interest and principal to post a positive US$676 million net resource transfer after almost a decade of negative net flows, officials said here yesterday. This was made possible by higher loan
        Reuter  -  70 words
      • 112 3 Bernama KUALA LUMPUR Exports for the whole of 1993 from the electronics industry in Malaysia are expected to total Ms4o billion (5523.3 billion), representing an increase of 18 per cent over the 1992 exports. Parliamentary Secretary for the Ministry of International Trade and Industry
        Bernama  -  112 words
    • 280 3 AFP HANOI Vietnamese Communist Party general secretary Do Muoi will begin his first official visit to Malaysia on Thursday, in an effort to boost ties between his country and Asean. A Vietnamese source yesterday said Mr Muoi. 77, was invited to
      AFP  -  280 words
  • Page 3 Advertisements
    • 76 3 Let's meet at The 7th Propak Asia in World Trade Centre, Singapore (12-15 April, 1994) MALTOL ETHYL MALTOL Competitive Price and Good Service Quality standard: F.C.C. of U.S.A. Package: cardborad drum, compound tin Annual output: total 60 ton (25kg/drum, 500x24tin/box) Delivery period: 15-30 days VANILLA FLAVOURS DHA/EPA GINKGO BILOBA EXTRACT
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    • 210 3 TOPWHCHHOB SOENTKT SEIKTS lIIUUBE FRANCE A leading international nutritional expert, Professor DJ. Naismith has once again chosen the regional network of Marie France Bodyiine centres to present the latest nutritional findings and weightloss techniques from Europe. "Marie France is a leading name in slimming across Asia," says Professor Naismith. "It
      210 words

  • CHINA/HONGKONG/TAIWAN
    • CHINA WATCH
      • 82 4 AFP TAIPEI Six slate-run enterprises under the auspices of the economic ministry will lay off 1,704 workers in fiscal 1995 beginning July 1, economic officials said yesterday. The lastest lay-off package, following the previous fiscal year's dismissal of 3,065 employees, was aimed
        AFP  -  82 words
      • 134 4 Reuter BEIJING At least two people tried to distribute leaflets in China's Tiananmen Square yesterday before dozens of police rushed to subdue them and seized at least one news photographer's film, witnesses said. A third man was detained outside one of Beijing's special residential compounds for foreigners
        Reuter; AFP  -  134 words
      • 89 4 AP TOKYO In a slap at Washington's China policy, Japanese Prime Minister Morihiro Hosokawa has told his Chinese hosts that Western countries should not impose their values on other nations. Mr Hosokawa yesterday confirmed, as he was returning from his three-day trip to China, that
        AP  -  89 words
      • 90 4 AFP HONGKONG Inflation in the colony rose at an annual rate of 7.8 per cent in February, fuelled by higher food prices around the Lunar New Year celebrations, the government said yesterday. The Census and Statistics Department said the consumer price index (A) for
        AFP  -  90 words
      • 68 4 AFP MACAU Bftfliyuese Prime Minister Anibal Cavaco Silva is due in China jj^t^month accompanied by 60 business leaders on a visit aimetjgpijply to boost economic ties. Portugal's Lusa news agency reported yesterday that Mr Cavaco Silva will meet his Chinese counterpart Li Peng and President
        AFP  -  68 words
    • 276 4 AFP BEIJING Social instability is one of Chinese deputies' main worries, the People's Daily said yesterday. Matters of security and social order were the issues raised the most during the annual session of the National People's Congress (NPC) and the Chinese People's Political Consultative
      AFP  -  276 words
    • 556 4 Beijing ready to go back to Cold War status if human rights row not resolved NYT BEIJING Foreign Minister Qian Qichen says the importance of China's trade with the United States has been overstated. and that China is prepared to return
      NYT  -  556 words
    • 100 4 AFP BEIJING While the owner of a Chinese-assembled German Audi has his car washed, he has lunch in Kentucky Fried Chicken, a Sino-American joint venture. Joint ventures are a sign of the times in China; and Beijing will step up its efforts to lure more overseas investment this
      AFP  -  100 words
    • 385 4  -  By Schutz Lee SINGAPORE The New China Hongkong Group, a consortium of Hongkong. China and Singapore interests. has formalised a jointventure agreement to build a highway linking the cities of Chengdu and Mianyang in central Sichuan province. The project was
      385 words
    • 362 4 Bloomberg Business News TAIPEI Taiwan's export orders for the first two months of the year show the higher overseas sales predicted by the government have not materialised, analysts said. With exports accounting for roughly 40 per cent of Taiwan's gross national produet. the slower-than-expccted
      Bloomberg Business News  -  362 words
    • 331 4 AFP TAIPEI Members of Taiwan's main opposition party yesterday threatened to form a splinter party and hold protests unless party leaders withdrew a plan to punish them for alleged involvement in an election scandal. The
      AFP  -  331 words
  • Page 4 Advertisements
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      200 words

  • Page 5 Advertisements
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      143 words

  • REST OF ASIA
    • 580 6 IHT TOKYO The agreement over the weekend to enlarge this year's quota for Japanese car exports to the European Union by a slight margin will have more political than market significance, analysts suggest. because the strong yen will prevent
      IHT  -  580 words
    • 66 6 Reuter YOKOHAMA Japanese cooks making final touches here on Sunday to finish what is claimed to be the world's largest omelette, using around 160,000 eegs 1.8 tonnes of potatoes and 300 kg of milk. The cooks, specialists in Spanish cuisine, took three hours
      Reuter  -  66 words
    • 375 6 Reuter NEW DELHI Senior US official Robin Raphel begins a damage-control visit to India today, hoping to patch up relations seen by a furious Indian press as strained by her comments on the Kashmir dispute. Ms Raphel caused an uproar after taking up
      Reuter  -  375 words
    • 543 6  -  From Koichi Ishiyama in TOKYO JAPANESE manufacturers are stepping up their push into Vietnam to meet rising competition posed by Singapore and other Asean nations. Nihon Cement Co, Japan's biggest cement producer, and Mitsubishi Materials Corp. its biggest comprehensive metals
      543 words
    • 450 6 Reuter SEOUL South Korea said yesterday that it will resume preparations for war games with the United States in the face of a renewed threat from North Korea to walk out of a global pact limiting the spread of
      Reuter  -  450 words
    • 216 6 Reuter SEOUL Net profits of South Korea's listed companies fell by an average 9.3 per cent despite a rise in sales, a private securities house said. In a report on 446 of the 576 firms whose fiscal year ends in December. Daewoo Research
      Reuter  -  216 words
    • 346 6 AFP SYDNEY Australia's economy will accelerate to 5 per cent growth during 1994. as consumer and business sentiment starts surging, a report by the Westpac Banking Corp predicted yesterday. Westpac chief economist Bill Evans said the economy had emerged from
      AFP  -  346 words
  • Page 6 Advertisements
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      306 words
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      228 words

  • THE WORLD
    • 536 7 FT Knight-Ridder AFP MOSCOW Talks between Russia and the International Monetary- Fund over vital new credits were at an impasse as Prime Minister Viktor Chernomyrdin postponed a meeting with the IMF chief planned for yesterday, the agency Interfax said. The premier was going instead to
      FT; Knight-Ridder; AFP  -  536 words
    • 279 7 Reuter PARIS Prime Minister Edouard Balladur, after a year in power scarred by social conflict, comfortably weathered his first electoral test when his centre-right coalition bettered its score in French local elections. The only cloud over the ruling coalition's performance on Sunday was a
      Reuter  -  279 words
    • 260 7 Reuter COPENHAGEN Denmark, launching the biggest privatisation in its history, yesterday offered to sell 48.3 per cent of highly-profitable telecoms monopoly Tele Danmark for almost 20 billion crowns (554.7 billion). A prospectus released by the company yesterday said it expected the issue of
      Reuter  -  260 words
    • WORLD WATCH
      • 49 7 Reuter LOS ANGELES A city official surveying damage to a Sherman Oaks home in California, following a 5.3 magnitude earthquake that shook the Los Angeles area on Sunday. The house was damaged during the Northridge quake two months ago, and slid eight feet further. Reuter
        Reuter  -  49 words
      • 92 7 Knight-Ridder LONDON Voters who elected the UK Conservative Party in the 1992 general election are now deserting it because of the economy, according to a new survey. A Gallup poll commissioned by The Daily Telegraph newspaper showed Tory party defectors are gloomier about the
        Knight-Ridder  -  92 words
      • 52 7 AFP TAMPA. Florida A massive anti-tobacco campaign has lived up to its promise in California, where the number of smokers has fallen 28 per cent in the past five years. California's USSS99 million (*****.4 million) campaign was financed by a 25-cent tax hike on cigarette
        AFP  -  52 words
      • 61 7 Reuter LONDON Employment prospects in Britain are looking up. according to a survey of 2.119 leading employers conducted by the Manpower recruitment company. The survey of intentions for the second quarter showed that 22 per cent of employers forecast job increases and 12 per
        Reuter  -  61 words
    • 301 7 Reuter KIEV The United States yesterday agreed to give Ukraine an additional US$lOO million (SSISB million) to help it eliminate more than 1,600 nuclear warheads and convert its defence industry to civilian production. "The relationship between Ukraine and the US
      Reuter  -  301 words
    • 427 8 Reuter Knight-Ridder WASHINGTON The Federal Reserve is likely to raise the funds rate from 3.25 per cent to 3.5 per cent this week and to 4 per cent by mid 1994. says Salomon Brothers economist Robert DiClemente in a
      Reuter; Knight-Ridder  -  427 words
    • 351 8 AFP WASHINGTON With the US economy finally back on the mend, American corporate circles are feeling the renewed flush of takeover fever which raged in the country a decade ago. Viacom and Paramount, Northrop or Martin Marietta and Grumman, GEC
      AFP  -  351 words
    • 54 8 Reuter JERUSALEM Tibetan spiritual leader Dalai Lama bowing in prayer as he touches the Wailing Wall at the Old City here yesterday. The Dalai Lama, wearing a Jewish yarmulka or skullcap, prayed at the holiest site of Judaism on the second day ol a five-day
      Reuter  -  54 words
    • 275 8 French tap into a new profit flow the US water market AFP WASHINGTON Beyond the upmarket chic of drinking France's Perrier and Evian mineral water, more and more Americans are now lapping up plain old tap water flowing from French companies. La Compagnie Generale des Eaux (General Water Company, or
      AFP  -  275 words
    • 254 8 Reuter KINGSTON, Jamaica A treaty creating the Association of Caribbean States, a trading bloc of more than two dozen nations, would be ready for signing this July in Barbados. Jamaican government officials said. The announcement late on Friday night came after
      Reuter  -  254 words
  • Page 7 Advertisements
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      194 words

  • Page 8 Advertisements
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      217 words

  • SPORTS
    • 506 9 Goir AP ORLANDO. Florida Loren Roberts, capitalising on faltering stretch runs by Fuzzy Zoeller and Vijay Singh, shot a Gve-under-par 67 on Sunday to win the Nestle Invitational, his first victory on the US PGA Tour. Roberts, in his 13th season
      AP  -  506 words
    • 85 9 AFP INGLEVVOOD. California LA Lakers' Sedale Threatt (with basketball) being trapped by two Orlando Magic players during their game on Sunday. Threatt scored 30 points as Los Angeles withstood a late rally by Orlando. Threatt hit his last basket with 49 seconds to play, halting
      AFP  -  85 words
    • SPORT SHORTS
      • Article, Illustration
        77 9 AFP FORT LAUDERDALE, Florida Michael Jordan survived the first round of roster cuts by the Chicago White Sox. who say they are still evaluating the basketball superstar's baseball skills. Hours after the White Sox decision on Saturday. Jordan went in as a defensive replacement in the sixth inning. He
        AFP  -  77 words
      • Article, Illustration
        36 9 Reuter NEW YORK NBA Sund&y: Boston 80 Atlanta 101; Charlotte 115 Seattle 124: Milwaukee 103 Philadelphia 101: Minnesota 80 Chicago 90; Denver 132 Washington 99; LA Clippers 114 Portland 110; LA Inkers 97 Orlando 91.
        Reuter  -  36 words
      • Article, Illustration
        317 9 Reuter ALP HAMILTON, New Zealand New Zealand were 39 for none in their second innings at close of play on the third day yesterday of their one-off test against India. India were earlier dismissed for 246 in their first innings in reply to New Zealand's 187. a lead of
        Reuter; ALP  -  317 words
      • Article, Illustration
        153 9 AFP PHOENIX, Arizona Laura Davies. playing the longest course on the LPGA Tour, hardly used her driver on Sunday as she carded a flawless thrce-undcr-par 70 to win the Standard Register Ping. The British player had a four-round total of 15-undcr-par 277 to finish four shots clear of Elaine
        AFP  -  153 words
      • Article, Illustration
        208 9 Reuter SAN JOSE, California Los Angeles Kings superstar Wayne Gretzky scored two goals on Sunday to move into a tie with Gordie Howe for the all-time National Hockey League goal-scoring record. Gretzky tied Howe when he scored with 49 seconds left in the third period to lift Los
        Reuter  -  208 words
      • Article, Illustration
        84 9 BRISBANE, Australia Australian coach Don Talbot said yesterday that his team would he aiming to win every event at the Commonwealth Games in Victoria. Canada, in August. Talbot said a series of excellent performances during the Australian championships which finished on Sunday led him to believe Australia would dominate
        84 words
      • Article, Illustration
        24 9 AFP CASABIANCA, Morocco No I seed Furlan beat Karim Alami of Morocco 6-2. 6-2 in the final of the Casablanca ATP on Sunday.
        AFP  -  24 words
    • 622 9 NYT KEY BISCAYNE. Florida Faced with a hairy, healthy gazelle in the form of Andre Agassi, the world's No 1 player. Pete Sampras proved under sauna-like conditions on Sunday that he is almost invincible even when a member of the walking wounded. After nearly having
      NYT; Reuter  -  622 words
  • Page 9 Advertisements
    • 207 9 in man Mini ■Hi II I LvV£KJHHHH To Host A Business Meeting Near Where Businessmeo Meet... You'll appreciate the Amara's convenience HH guests can walk to the nearby historic and value in so many ways. Not just because area of Tanjong Pagar a showcase of of our downtown location and
      207 words

  • PROPERTY & CONSTRUCTION
    • 1221 10  -  Group entering into new ventures at a blistering pace. Lilian Ang reports Lilian Ang IN LESS than two years. Liang Court has leapfrogged into the overseas market, transforming itself from a single asset property company into an aggressive regional player. Analysts
      1,221 words
    • 284 10  -  By Abdul Hadhi ROAD-RELATED works are expected to give the construction sector about $500 million of civil engineering contracts this year. Giving the estimate in its recently released Asia-Pacific Construction Report. the Construction Industry Development Board said: "The continuing need
      284 words
    • 616 11 Strong growth in region fuelling demand for real estate, reports Sylvia Wong ASIAN property prices streaked to record highs last year, with Hongkong and China leading the pack, said property consultant Jones Lang Wootton. In a recent report called JLW Asia Property 1994.
      616 words
    • 291 11 Jones Lang J^Wootton Selected market transactions in the past week aa- H ijstm. PRIVATE Mar 16,1994 0511 Balmeg Court Apt T 1600 I FH 585,000 366 Mar 18,1994 0922 Highpoirt Apt J 2928 FH 1,350,000 461 Mar 15,1994 1025 DalveyCowt j Apt 2200 FH 948,000 431 Mar 16,1994
      291 words
    • REGIONAL SKYLINE
      • 91 11 HONGKONG Sun Hung Kai Properties Ltd said it had entered into a joint venture to build a commercial complex in Shanghai costing HKSBOO million (SSI6O million). It said a Sun Hung Kai Properties subsidiary and a number of multinational enterprises which it did not name
        91 words
      • 64 11 Bloomberg Business News HANOI The demand for building materials for construction has gone beyond the capability of local producers, the weekly Vietnam Investment Review reported. The vice-minis-ter of construction. Tran Van Huynh, said the industry needed investment capital of US$3.5 billion (555.5 billion) by
        Bloomberg Business News  -  64 words
      • 49 11 South China Morning Post BANGKOK GEC Alstom has been appointed the main contractor for the USSI.3 billion (SS2.I billion) Bangkok rail project. The project is owned by Thai group Tanayong, in which Hong-kong-listed Hwa Kay Thai has a 30 per cent interest. South
        South China Morning Post  -  49 words
      • 88 11 The Nation BANGKOK Merry Kings Department Store plans to invest 10 billion baht (SS6OO million) to develop four shopping complexes outside Bangkok. The store, which has five branches in the city, has just bought four plots of land on Thonburi-Pakthor Road in the Mahachai
        The Nation  -  88 words
  • Page 10 Advertisements
    • 483 10 NAFTA ARE YOU PREPARED? How will your business be affected by the Trade Agreement? What are the implications of NAFTA How can you protect your market V Our NAFTA Seminar will help your company by providing the v information which you will need to ensure your continued access to the
      483 words

  • Page 11 Advertisements
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  • Page 12 Advertisements
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      427 words

  • LIFESTYLE
    • 769 13  -  Practically anyone who makes or acts in a film feels that he or she deserves to win an Oscar. Janet Maslin looks at some glaring omissions Janet Maslin NYT FOR your consideration those are the words that accompany trade advertising to promote the would-be Oscar nominee.
      NYT  -  769 words
    • 296 13 AP ON THE eve of the annual Academy Awards for film excellence, the worst in Hollywood was lampooned on Sunday with Indecent Proposal. Madonna and Burt Reynolds taking top dis-honours. The 14th Annual Razzie Awards poked fun at a variety of worst-picture contenders, including Body
      AP  -  296 words
    • 647 13 CHATTERBOX UPI UPI UPI UPI UPI ACTOR Burt Reynolds surprised two would-be muggers in Los Angeles last week. One was stunned when Reynolds fought baek by clubbing him with his plaster cast-enclosed hand, and the other was just plain surprised to find out his victim was Reynolds.
      UPI  -  647 words
  • Page 13 Advertisements
    • 160 13 W*N£S£ RESMURANI sushi teppanyaki BUFFET ONLY AT THE ginga $28.00++ Feast on Sushi and Maki creations K2 while our chefs whip /j y up a sizzling teppanyaki U treat of Scallops, IF I I Prawns, Chicken, Beef 0 J and Mushrooms. Inclusive of fresh Salad Greens, Miso Soup and Desserts
      160 words
  • Page 13 Miscellaneous
    • 1237 13 TV RADIO Annual Academy sbc s Will Si/i miller Whoopi will he repeated night. *r < The Flying Dutchman, 10pm, SBC 12 Jsf Richard Wagner's opera about J* JM J a Dutch sea captain who is i y' cursed to sail until he meets a woman who will die for
      1,237 words

  • 543 14 EDITORIAL INCREASINGLY, America is finding it harder to talk about much else. The Clinton presidency, which until only two months ago was cruising, with comfortable approval ratings, has suddenly hit the rocks. The cause of this unfortunate turn of events the so-called Whitewater affair has all
    543 words
  • WHAT THE OTHERS SAY
    • 258 14 BY MISHANDLING the Whitewater affair, US President Bill Clinton and his wife, Hillary, have done some harm to their standing, even if they are eventually proved innocent of wrongdoing in connection with a failed land development venture some 16 years ago when he was Governor of
      258 words
    • 172 14 WHEN ACCIDENTS HAPPEN at the workplace, in most cases, the fault lies with the management. Worker safety depends on employers' attitude towards industrial safety. In two recent incidents, for example, the Sembawang Shipyard was fined the maximum of $25,000 for each of its two violations of
      172 words
    • 203 14 THE EMPHASIS ON stability has made a comeback to rank among the top issues on the agenda of China's leadership. This unusual phenomenon has not gone unnoticed during the Chinese People's Political Consultative Conference (CPPCC), which concluded recently. and the National People's Congress (NPC), which is drawing
      203 words
    • 251 14 AFTER ALMOST a decade in power, the end for the Parti Bersatu Sabah (PBS) was sudden, swift and not totally unexpected. During the eight years the PBS was in power, it was in a unique position to do so many things for the Land Below the
      251 words
    • 179 14 THAT THAILAND'S tourism policy is so easy-going that gangsters find it so easy to enter and leave the country at will, is of no exaggeration at all. It is well-known that several suspected international terrorists have sought refuge at some time or other in Bangkok's tourist district
      179 words
  • 822 14  -  Thomas L Friedman sees a stark contrast between last weekend's Apec summit and the recent G-7 jobs forum Thomas L Friedman NYT The intriguing question raised by the first meeting of the finanee ministers of the Asia Pacific Economic Cooperation forum is whether the world
    NYT  -  822 words
  • Page 14 Advertisements
    • 207 14 Tie 3rd Asio-Pocific Industrial Automatioa Exhibition ft Conference PROPEU.IN6 YOU TO UNPRECEDENTED NEW HEI6HTS IN INDUSTRIAL AUTOMATION TECHNOLO6T than 200 leading manufacturers and suppliers from all over the world will converge in this highly focused exhibition bringing with them the latest in the industry. Right here, you will find the
      207 words
  • Page 14 Miscellaneous
    • 79 14 9c t 1 THOUGHT HewPiS P* BRiSTOU)- U3HO «STHP\T CHf\P\ *6eJS TIDW&UP \FtGMeNT OP HW IMAGirtrfTlOtf-. oOHO'S B&& H*N&«G ROOWD J VOUR DCStC PtfJL UJGSJC V TR>|»NG»TO you out... o^v &C) wt-s ReP«L.?He E*STS? SocToous f VLONscete...... V I yt*ag.|QHT Off My MlWp... cAMocKTahtwwajijuLTP, tm-w* »k»» DOONESBURY GARRY TRUDEAU [HI.FOUCSWVB
      79 words

  • ANALYSIS
    • 1326 15  -  Harish Mehta, recently in Cambodia, reports on what Australian telecom giant Telstra OTC is doing to set up international telecommunications in Cambodia. In the accompanying article, he looks at the troubles of the country's telephone department Harish Mehta DRIVING around in Cambodia, Australian
      1,326 words
    • 518 15 IT IS no secret that Cambodia's domestic telephone lines are usually dead. What is not so well known is that the bureaucracy which runs the telecommunications system has virtually been killed off" by the former State of Cambodia government. Things are
      518 words
  • Page 15 Advertisements

  • 534 16 NYT AP WASHINGTON Teledesic Corp, a start-up company backcd by two of the technology world's most successful entrepreneurs, William Gates and Craig McCaw, planned to ask the United States Federal Communications Commission yesterday for permission to build a gigantic, US$9 billion
    NYT; AP  -  534 words
  • 54 16 AFP JUNTABULI, Thailand Some of the thousands of Cambodian civilians streaming into Thailand yesterday after they fled fighting over the gem-mining town of Pailin on Saturday. Nearly 25,000 refugees have sought shelter across the Thai border since the start of the siege of the
    AFP  -  54 words
  • 344 16 Bloomberg Business News BEIJING Panic buying pushed China's annual rate of inflation to 20 per cent in the first two months of this year, even as restrictions on construction work slowed the economy. China Central Television reported yesterday.
    Bloomberg Business News  -  344 words
  • 319 16 Bloomberg Business News DALLAS Xerox Corp yesterday chose Electronic Data Systems Corp to take over most of its computer services in a contract worth an estimated US$4 billion (556.3 billion). The agreement, scheduled to be completed in about three months,
    Bloomberg Business News  -  319 words
  • 751 16  -  The Bottom Line ANTHONY LEWIS ANTHONY LEWIS The writer is a columnist with the Sew York Times where this commentary• first appeared I THINK the United States has wrongfooted itself unnecessarily in its argument with Japan: So says Australian Prime Minister Paul
    751 words
  • 350 16 Indicted ex-judge to tell grand jury of Clintons 9 involvement in Whitewater AFP AP WASHINGTON In what could provide a new twist in the Whitewater saga that has embroiled United States President Bill Clinton, an indicted ex-judge has agreed to tell a grand jury all he knows about the President
    AFP; AP  -  350 words
  • 268 16 Reuter LONDON Britons are becoming more afraid of crime than ever before, a survey published yesterday found. The government said a spate of horrific murders, including the "House of Horror" serial killing in Gloucester in which nine bodies have been found and two-year-old
    Reuter  -  268 words
  • 371 16 MBT KUALA LUMPUR Malaysia is girding its loins to fight yet another smear eampaign this time against its natural rubber (NR) industry which is being waged by synthetic rubber producers claiming that NR causes "allergic reactions". Primary Industries Minister Lim Keng
    MBT  -  371 words
  • Page 16 Advertisements
    • 127 16 r Nitsuka JP Digital Heyphone Sysf e m s Leading Edge Technology PRIME CBD COMMERCIAL SITE in Raffles Place Vicinity For Sale By Tender (Under The Instruction Of The Mortgagees) Site Area 757 sq m (8,148 sf) Tenure 999/99 years k®* Existing 10 Storeys Office Building ai K S Outline
      127 words
    • 25 16 f 1 1 Distributor: 27! 71,88 fay- 57C 7 SOS Singapore Communication* Equipment Co Rte Ltd I 0A i LIU I v* y Quality Service
      25 words

  • COMPANIES & MARKETS
    • 528 17  -  By Conrad Raj SINGAPORE Filipino businessman John Gokongwei's continued efforts to wrest control of the Philippines' largest shipyard has wiped millions of dollars from the value of Keppel Corporation's holdings in the Philippines. And just last week. Mr Gokongwei. through his
      528 words
    • 269 17  -  By Bernard Chew SINGAPORE Semiconductor chip distributor Electronic Resources yesterday announced its first full-year results since going public in November last year. Turnover for the year to Dec 31. 1993 was Si 17.5 million. up 52 per cent from the $77.3 million
      269 words
    • 357 17  -  By Quak Hiang Whai SINGAPORE On a day when sellers overwhelmed buyers, nine counters led by blue chip Jurong Shipyard managed to buck the trend to finish higher. And reflecting the mood in Malaysia, only two of the Malaysian stocks
      Source: Bridge Info  -  357 words
    • 528 17  -  By R Sivanithy SINGAPORE Perhaps the single most glaring observation that eould be made over the past six months is just how little regard investors have for market fundamentals. Just cast your mind back to the last quarter of 1993. The market's stunning performance
      528 words
    • 419 17  -  By Claire Leow SINGAPORE Computer company IPC Corp reported net earnings of 551.6 million for the year ended Dec 31. up 25.7 per cent hut below anal\sts' expectations, despite record revenues of 5579.4 million. Revenue was more than double the previous year's
      419 words
    • EYE on your STOCKS
      • Article, Illustration
        44 17 Weak Market \lood indicates the likely trading sentiment unlay. based on brokers [killed at s -tonm yesterday (hernwin events may alter sentiment Brokers /Milled tlliaih e. Barings. OK Goh. Morgan Orentell. Fliillip. Smith Xeu C ourt. 11l Carr and Sit 11 arhnn;
        44 words
      • Article, Illustration
        117 17 Kim Eng Holdings is one of the most oversold stocks in the current downturn. The broking counter lost ground from nearly S5 three months ago to 5i.92 yesterday. The daily and weekly RSIs have now reached zero, signalling very limited downside from here. The daily and weekly directional
        117 words
    • COMPANIES
      • COMPANY BRIEFS
        • 104 18 SINGAPORE Main board-listed Acma announced yesterday it had taken a 51 per cent interest in L&W Plastic Pte Ltd for 55.1 million. Set up in 1991. L&W designs, fabricates and repairs plastic injection moulds and makes plastic casings for computer and audio video equipment.
          104 words
        • 68 18 AFP BANGKOK Vietnam-registered firms will be the first foreign companies allowed to seek a listing on the Stock Exchange of Thailand. Bank of Thailand governor Vijit Supinit said in a report published on Saturday. He told the Bangkok Post that Thai-Vietnamese joint venture firms,
          AFP  -  68 words
        • 136 18 Bernama KUALA LUMPUR TH Loy Industries (M) Bhd. which registered a pre-tax loss of MS3B.(XX) (5522.000) for the six months ended June 30. 1993. has attributed its poor showing to the downturn in the economies of Japan and Europe. But with the anticipated
          Bernama  -  136 words
        • 66 18 Bernama KUALA LUMPUR Malpac Industries Berhad recorded a 720 per cent increase in group pre-tax profit to M 552.363 million (5530.485 million) for the year ended Dec 31, 1993. compared with M 56.38 million a year earlier. Group turnover rose 423.9 percent to M
          Bernama  -  66 words
        • 104 18 MBT KUALA LUMPUR The Minimum Standards of Business Conduct for Securities Transactions by stockbroking companies, as announced by the Securities Commission on March 10. will come into effect from March 28. the KLSE said yesterday. Stockbroking transactions were by nature based on acknowledged fiduciary
          MBT  -  104 words
      • 261 18 SINGAPORE Lum Chang Holdings subsidiary LC Development said yesterday its 33 per cent drop in interim net earnings due to the sale of its pharmaceutical business last year would only be temporary. Group profit after tax for the six months to
        261 words
      • 285 18 Bernama KUCHING Cellular Communications Network (M) Sdn Bhd (Celcom) is embarking on an aggressive expansion programme in Sarawak this year towards its objective of covering 90 per cent of the state's populated areas. Its executive vice-president. Burhanuddin Mohd Yusoff. yesterday
        Bernama  -  285 words
      • 440 18 Bernama KUALA LUMPUR Gam-ing-based Multi-Purpose Holdings Bhd has reported a 41 per cent jump in group after-tax profit to M 5264.29 million (*****.29 million) for the vear ended Dec 31. 1993. Releasing its audited results yesterday, MPHB said group turnover also soared
        Bernama  -  440 words
      • 269 18 MBT KUALA LUMPUR Aokam Perdana Bhd has achieved a 104 per cent jump in group pre-tax profit to M 545.21 million (5526.4 million) for the six months ended Dec 31. 1993 from M 522.12 million in the previous corresponding period. Aokam said the
        MBT  -  269 words
      • 190 18 Bernama KUALA LUMPUR Proper-ty-based Lien Hoe Corporation Bhd, which has proposed to buy several properties in Sabah. reported a 32 per cent rise in group pre-tax profit to MS 12.26 million (557.2 million) for the year ended Dec 31, 1993. as against
        Bernama  -  190 words
      • 164 18 SINGAPORE Investors can now monitor stocks with a pager which alerts them to changes in portfolio positions. The Stockpage Portfolio Service, available from Telepage Technology Services, allows subscribers to set limits on price movements based on the previous day's closing prices. During trading, the
        164 words
      • 327 18  -  By Ven Sreenivasan SINGAPORL Liquid crystal display (LCD) manufacturer Vikav Industrial has reported net earnings growth of 35 per cent to $4.1 million for 1993. Strong demand for LCDs. LCD modules and turnkey projects boosted the Sesdaqlisted company's turnover to 585.2
        327 words
      • 566 18 UNIT TRUSTS FUNDS Manafars* pricn (S) Mar 22 i s (ir F und I 09 I i i" Singapore Unit Trust UMB Invest Mgt Ltd (lie Commerce 155 l.fil I nilund I M 144 Ihe Sj\mg> fund 141 I 4*\d I nihond f 1.02 105 Spore Prog fund 0 66
        566 words
      • 902 18 Payment K\ Books Pay (N) dale close dale \BR Hldgs 5* F 9 Jun 29 Jul 5 Jull5 Ac ma F 10 Jun 14 Jun 20 Jul 5 BAT 21' F 86.9N Mar 18 Mar 24 Apr 6 Bcrjaxa Group I 6 Mar 11 Mar 28 Apr 18
        902 words
      • 519 18 NST KUALA LUMPUR Only one of the 90 second-board counters on the Kuala Lumpur Stock Exchange seems to qualify for transfer to the main board. While more than one counter has met the important capitalisation criteria, they are walled out
        NST  -  519 words
      • 334 18 Bernama KUALA LUMPUR Berjaya Leisure Berhad (BLeisure) has forecast a consolidated pre-tax profit after minority interests of M 573.7 million (5542.9 million) for the year ending April 30, 1994. The forecast was made on the basis that the proceeds of its proposed MS
        Bernama  -  334 words
      • 161 18 Reuter KUALA LUMPUR Sikap Power Sdn Bhd. a private power firm which will set up Malaysia's largest private power project, has signed a MS3O3 million (SS 175.7 million) loan to finance its purchase of shares in Malakoff Bhd. The six-month loan facility will
        Reuter  -  161 words
      • 412 19 Bloomberg Business News HONGKONG China-con-trolled Citic Pacific, an increasingly powerful Hongkong conglomerate, yesterday said its net profit rose 81.7 per cent in 1993, in line with market expectations. The group, which has investments in the aviation, telecommunications. motor
        Bloomberg Business News  -  412 words
      • 161 19 Reuter HONGKONG A group including Cheung Kong (Holdings) Ltd has abandoned a HK5987.6 million (SSI97 million) takeover deal for Emperor (China Concept) Investments Ltd. The companies said yesterday that the decision was made after the listing committee of the Hongkong
        Reuter  -  161 words
      • 616 19 MARKET Reuter HONGKONG Cheung Kong (Holdings) Ltd's 1993 net profits are expected to surge by 33 to 48 per cent as a result of Hongkong's property boom and a strong contribution from associate Hutchison Whampoa Ltd. Analysts' forecasts ranged
        Reuter  -  616 words
      • 154 19 Bloomberg Business News HONGKONG Television Broadcasts Ltd. the most popular of Hongkong's two domestic TV broadcasters, said its net profit rose 42.1 per cent in the fiscal vear ended Dec 31 1993. IVB said profits after tax and payments to minority interests
        Bloomberg Business News  -  154 words
      • 237 19 Reuter HONGKONG Hongkong Land Holdings Ltd's commercial rental income will grow this year after falling slightly in 1993 as the Hongkong property market remains strong, chairman Simon Keswick said in a statement. In the longer term the company aimed to impro\e
        Reuter  -  237 words
      • COMPANY BRIEFS
        • 93 19 Bloomberg Business News HONGKONG Real estate company Playmates Properties said yesterday that its net profit rose 4.7 per cent in the fiscal year ended Dec 31. 1993. In a statement to the stock exchange, the company said its profits rose to HKS3BO million (5577.9
          Bloomberg Business News  -  93 words
        • 90 19 Reuter lAlPtj The public auction ot 150 million shares in China Steel C orp will be delayed and held at the same time as a planned issue ol Global Depositary Receipts, lead underwriter C hina Development Corp said yesterdav. The auction was originally to
          Reuter  -  90 words
        • 70 19 Bloomberg Business News TOKYO Mazda Motor Corp. a leading car maker, will increase standardisation ot its car parts to reduce costs, the Sihon Kvizai newspaper said yesterday. Currently. 20 to 30 per cent of the company s car parts are shared among different models,
          Bloomberg Business News  -  70 words
        • 62 19 Reuter NEW YORK Barron's has tagged First Chicago Corp as a possible takeover target even though the banking company says it would like to remain independent. First Chicago, the largest independent banking company in the Chicago region with U5552.6 billion (5584.1 billion) in assets,
          Reuter  -  62 words
      • 485 20 Reuter TOKYO Tokyo stocks are likely to remain firm o\er the next few weeks, supported by buying from overseas investors. brokers said. Institutional investors would resume bu>ing after the new fiscal year began on April 1 and this expectation would
        Reuter  -  485 words
      • 292 20 NYT NEW YORK R H Macy Co's carefully crafted plans to emerge from bankruptcy, painstakingly knitted together during more than 55 meetings with creditors over the past several months, appeared on Sunday to be unravelling rapidly. Less than 24 hours before the
        NYT  -  292 words
      • 481 20 Reuter MELBOURNE Australia's A 52.2 billion (552.5 billion) toy market is being reshaped by an escalating clash of retailing titans Toys 'R' Us and Coles Mver Ltd. analysts said yesterday. They said the recent entry into the market of Toys
        Reuter  -  481 words
      • 426 20 Bloomberg Business News STAMFORD. Connecticut Kemper Corp has agreed to give GE Capital Corp a list of its shareholders, in response to a request from General Electric's finance unit. GE Capital chairman Gary Wendt made the request in a letter he
        Bloomberg Business News  -  426 words
      • 363 20 Los Angeles Times LOS ANGELES It is the kind of scientific breakthrough about which biotechnology companies dream: discovery of a drug with the potential for treating the common cold. Agouron Pharmaceuticals' announcement on March 11 that it had discovered the structure of
        Los Angeles Times  -  363 words
    • FINANCE & COMMODITIES
      • 451 21  -  By Paul Leo SINGAPORE Buy gold or better still, buy gold shares, says British investment house Warburg Asset Management director Julian Baring. Mr Baring told clients at Raffles City yesterday that gold would rise towards USSSOO (*****) from its current value of about US$4OO
        Source: Datastream & Wartury Asset Management  -  451 words
      • 375 21 Bank Negara propping up inter-bank rates: dealers Bernama KUALA LUMPUR Malaysian interest rates are likely to stabilise at current levels in the immediate term before firming again towards the end of the year, money market dealers said. They said Bank Negara.
        Bernama  -  375 words
      • SMALL CHANGE
        • 103 21 Bloomberg Business News HONGKONG Lawrence Lam, head of capital and money markets trading at Citibank's Hongkong branch for three-and-a-halt years, has resigned to join Carr Indosuez Asia as a managing director. Mr Lam, who left Citi on Friday, said his new job would be
          Bloomberg Business News  -  103 words
        • 92 21 Reuter BEIJING Turnover at China's more than 100 foreign exchange swap centres reached nearly USS2S billion (SS39 billion) in the past two years, said Song Haipeng, vice-director of the State Administration of Foreign Exchange Control. The International Trade News quoted Mr Song as
          Reuter  -  92 words
        • 88 21 Bloomberg Business News FRANKFURT The Bundesbank's currency reserves rose 200 million Deutschemarks (SSIB7 million) to 119.1 billion marks in the week to March 15. In the same period, the central bank's foreign liabilities deutschemark deposits held by foreign governments or banks were roughly unchanged
          Bloomberg Business News  -  88 words
        • 72 21 Reuter ISTANBUL The Turkish central bank set the overnight borrowing rate at 400 per cent yesterday on the interbank market against 215 per cent on Friday to soak up liquidity and keep the US dollar in check. The dollar surged 13.5 per cent against
          Reuter  -  72 words
        • 85 21 Reuter DUBAI The general assembly of the Dubai-based Emirates Bank International met on Saturday to approve the bank's 1993 balance sheet which shows an 11 per cent rise in net profit. The bank, one of the principal financial institutions of the United Arab Emirates, is
          Reuter  -  85 words
      • 229 21 Bernama MELBOURNE Indosuez Australia Ltd is to expand its banking activities in Malaysia by introducing more Australian investors to high-yield paper. The bank's managing director, Jean-Marie Simart. told the Australian Financial Review yesterday that it was part of the French bank's strategy to become
        Bernama  -  229 words
      • 551 22 Reuter BEIJING Long-suppressed energy priees have plunged China's oil seetor into heavy debt and more reform is needed to revitalise the industry, a top Chinese banker said. "Since the seventh Fiveyear Planning Period (FPP), the industry has suffered great losses due
        Reuter  -  551 words
      • 343 22 AFP ABU DHABI A major United Arab Emirates (UAE) bank is still suffering from bad debts nine years after it was created from a merger of three banks which were on the verge of collapse because of such problems.
        AFP  -  343 words
      • 483 22 AFP ABU DHABI Arab states produced more oil in 1993, their crude and gas reserves increased and output capacity will shaiply rise as they press ahead with expansion projects, says an official report. New discoveries in Saudi Arabia, the world's
        AFP  -  483 words
      • 466 22  -  Moscow angered by claims it violated exclusive diamond marketing pact From John Helmer in MOSCOW RUSSIAN diamond policymakers have rejected an attempt by a senior De Beers official to calm public disputes over diamond sales which, according to De Beers, have violated Russia's exclusive
        466 words
      • 203 22 Reuter WELLINGTON Comalco NZ Ltd said a planned upgrade of its Tiwai Point aluminium smelter would boost annual production to 310.000-315.000 tonnes by mid-1996. from 212.533 produced in 1993. Managing director Kerry McDonald said new electricity supply arrangements with the government had removed
        Reuter  -  203 words
      • 159 22 WITH Tokyo out on holiday the USS/majors traded narrow ranges yesterday. News over lunch that Hale, a key figure in the "Whitewater Affair" will testify about Clinton's involvement created a flurry of USS sales but that did not sustain. The USS/SS was taken up to
        159 words
      • 173 22 Reuter LONDON The dollar was languishing around its mark low in moribund afternoon trading yesterday with the market awaiting today's Federal Open Market Committee meeting. Opinion is still somewhat divided as to whether the Fed will raise rates but most are coming down on the side of an inflation
        Reuter  -  173 words
      • 180 22 Bloomberg ENERGY REPORT LONDON Oil futures prices rose on both sides of the Atlantic yesterday amid uncertainty ahead of Friday's conference of the Organisation of Petroleum Exporting Countries, brokers said. The 12 Opec oil ministers will convene in Geneva to discuss
        180 words
      • 80 22 AFP NEW YORK The dollar was mixed in quiet trading on Wall Street yesterday ahead of today's Federal Reserve meeting. Gold traded at USS3BB and ounee. 90 cents more compared to late Friday. At 9:30 am (1430 GMT), the dollar was exchanging at 1.6985 German marks against 1.6960
        AFP  -  80 words
      • Article, Illustration
        1717 22 /f<A/r Htlfhli-J Hhk ijkuluh-J JUJIIIst V/»»<- > f«Y> 14 IraJimt /vilihT\ KIV Kta /'AV* US$/S$ forward rates Noon Mar 21 s$ Bid Oflirr I-month I 58U I 584«* month I VI I SH45 Vmonth I 5826 I 5841 6-month I 5815 1.5835 Vomit' (K m Source: OCBC FOREIGN CURRENCY NOTE
        1,717 words
    • COMMODITIES & FUTURES
      • 1350 23 SIMEX REPORT Reuter SINGAPORE Simex Eurodollars closed lower yesterday in anticipation of an imminent increase in US short-term interest rates. Volume was thin with Tokyo traders absent because of a national holiday. But market sentiment was bearish ahead of the Federal Open Market
        Reuter  -  1,350 words
      • 626 23 COMMODITY REPORTS Tin TIN rose to a four-week high of MS 15.01 a kg at the close yesterday, up 28 sen from Friday on initial low offers, active foreign demand and a higher London market, traders said. The market extended last week's firmer trend
        626 words
      • KNIGHT-RIDDER COMMODITY SUMMARY
        • 147 23 JAKARTA Indonesia will go ahead with plans to curb coffee exports from April 1 despite dissent in the ranks of the Association of Indonesian Coffee Exporters over the government's refusal to finance the retention plan, officials in the association said yesterday. Noer Madjid. executive secretary
          147 words
        • 99 23 SYDNEY Australia's BHP Co Ltd yesterday reported total copper-in-concentrate production in February of 39.4 million kg. up 92 per cent on the same month a year ago. The total included a 15-per cent rise in output from the Fscondida mine in C hile to 18.3
          99 words
        • 131 23 BANGKOK Thailand's Office of the Cane and Sugar Board has cut its forecast of the size of the 1993-94 (November-October) cane crop to 37.5 million tonnes from the 38.5 million forecast in September. The biggest forecast drops are in eastern Thailand and the central
          131 words
    • 1525 23 Rubber Singapore Commodity Exchange (futures dosing as at lpm) RSS 1 Contract (S ccnts/kg) ("lose Volume Open Month High Lou Sell (tonnes) Interest \pr 94 151.50 151 50 151 75 450 ItHH) Mav 153.50 153.25 154.00 1225 5 400 Jun 155.75 153.50 155.00 1825 6 450 Jul/Sep 156.75
      1,525 words
    • REGIONAL STOCK MARKETS
      • 1154 24 -23 THE stock market tumbled at the close yesterday as investors stayed on the sidelines, fearful of a possible hike in US interest rates, brokers said. "The buyers are there, but they are just keeping their powder and shot dry." said one broker. The US Federal Reserve meets today
        1,154 words
      • 601 24 -59.41 Share prices slumped on Philippine Long Distance Telephone Co's (PLDT) drop in New York and the Hongkong market's continuing weakness, analysts said. The composite price index at the Manila trading floor of the Philippine Stock Exchange lost 59.41 points to end at 2.598.57, while the index at the
        601 words
      • 623 24 +26.1 Taiwan stocks finished higher, helped by a modest rebound in financials after the Securities and Exchange Commission on Saturday approved previously announced stock dividends by the Big Three banks. But sentiment remained very cautious, dampened by the plunge in Hong Kong and concern about US interest rates, and
        623 words
      • 430 24 -8.34 Shared ended lower as growing tension in the Korean peninsula put a dent on the Seoul stock market, brokers said. The composite stock index shed 8.34 points to 885.65. North Korea, warning a possible war. renewed its threat yesterday to walk out of a global pact limiting the
        430 words
      • 272 24 -37.82 New Zealand shares dropped 1.65 per cent, as local investors sold off shares to raise cash to invest in two new shares issues this week, brokers said. The New Zealand Top 40 capital stock was down 37.82 points at 2.255.34. Among blue-chip shares. Brierley Investments closed unchanged
        272 words
      • 66 24 +4.41 Stock prices closed unchanged in a session devoid of interest as market players withdrew from active trade and decided to await developments relating to a ban on carry forward trade, brokers said. The Bombay Stock Exchange 30-share index closed at a provisional 3.806.27. up 4.41 points from the
        66 words
    • WORLD STOCK MARKETS
      • 588 24 •20.1 The shadow of a possible US interest rate rise hung over European stock and currency markets yesterday. Trade was mostly subdued ahead of today's meeting of the US central bank Federal Open Market Committee (FOMC), which is widely expected to sanction a quarter point rise in its key
        588 words
      • 106 24 -18.65 French shares closed lower after drifting much of the day, with little buying interest ahead of today's meeting of the US Federal Open Market Committee (FOMC), dealers said. The CAC-40 index ended down 18.65. or 0.84 per cent, at 2,202.69. Volume was around 3.3 billion francs. Paris Mar
        106 words
      • 98 24 -1.05 pc Swedish shares followed the European trend and closed lower, pushed down by higher debt market yields. The OMX-index was down 1.05 per cent at 1.141.68 in low turnover of 1.405 billion crowns. Index-heavy pharmaceutical Astra's A closed unchanged at 166 crowns, while telccoms group Ericsson's B fell
        98 words
      • 145 24 -1.13 pc German share prices closed the bourse session lower, hit by depressed German debt markets. The DAX index closed at 2.131.28. down 1.13 per cent, or 24.33 points, on the day and off 9.11 points from post-bourse close. Frankfurt Mar 21 l)M Vcjt iMUi -VOO B W 114.10
        145 words
      • 179 24 -7.39 A new sell off in European bonds, caused by fears of a US rate hike, pushed Belgian shares to a lower close. Traders expected another listless session today. The Bcl-20 index of leading shares closed 7.39 points, or 0.49 per cent, lower at 1.504.35. A moderate 1.3 billion
        179 words
      • 168 24 •1.36pc Italian shares succumbed to a combined attack of preelection worries and alarm over the possibility of rising US interest rates, dealers said. The Mibtel index closed off 1.36 per cent at 10,522. Telecom stocks saw heavy trade in the aftermath of a weekend of announcements concerning the sector's
        168 words
      • 225 24 -2 Dutch shares ended down in line with international bond and equity markets with operators sidelined by fears a key US Fed meeting today may prompt a rise in US rates. The AEX Index lost 2.00 points to 416.24, but closed above its session low of 415.50. Dealers saw
        225 words
      • 258 24 -22.17 Swiss shares ended lower in line with other bourses and bond markets elsewhere in Europe, depressed by fears that US interest rates would be lifted. The SMI index of leading shares fell 39.2 points to a final 2,804.3. The allshare SPI shed 22.17 to 1.809.34. Interest-sensitive financial shares
        258 words
      • 352 24 •30 South African gold shares posted steady gains on the back of continued bullion strength, dealers said, but other shares drifted lower amid a lack of investor interest. Dealers said a firm un- dertone had been undermined by the lack of interest from local and offshore players amid continued
        352 words
      • 856 24 -34.54 The Dow Jones industrial average, which climbed 30.51 points last Friday, was down 34.54 points to 3.861.11 at II am EST yesterday. The New York Stock Exchange Composite Index was off 1.75 to 259.60. while the S&P 500-stock index was down 3.38 to 467.68. Declines pounded advances
        856 words
      • 864 24 Britannia Funds Sterling ash Bid Offer Mini jp luMUi «ASJII Mint ln*v <nil OlttM 0 l*»: Mini Mix liHonw *1 UMI» I Si Cash likome Plus Fund >» "WOO 10 5200 PSSRncnrfuiKl V2SW 52r*00 Merlins Fquit) Euro Perloimjncr 0 4V»i 0 441* FarF.nl Fund "2 'Wl 'J l'tl) Mjn nnM*
        864 words
    • Article, Illustration
      3131 25 Bloomberg Business News HONGKONG Share prices ended the day down 5.09 per cent as mutual fund managers bid down stocks to raise cash for redemptions, traders said. The redemptions are a combined result of investors' concerns over rising interest rates, opportunities in emerging markets, and losses in the bond
      Bloomberg Business News; Source: Bridge Info  -  3,131 words
    • Article, Illustration
      560 25 THE Shanghai market collapscd in tandem with the Hongkong market yesterday. The Shanghai CLSA B Index fell 35.89 points to 782.87 on sharply shrinking turnover. Follow-through selling from last week also dragged down the Shanghai A Index by 207.38 points to 3,884.12. The newly listed Steel Tube tumbled 19
      560 words
    • Article, Illustration
      1831 25 Reuter BANGKOK Thai stocks closed the day 3.43 per cent lower but above 1.200 on the SET index after briefly dipping below the key level at midday. The SET index lost 42.72 points on the day to close at 1.204.12. Turnover was 5.28 billion baht. "Investors were selling in
      Reuter; Source: Bridge Info  -  1,831 words
    • Article, Illustration
      1162 25 Reuter JAKARTA Share prices closed lower in moderate trading on bearish sentiment and with selling orders from both foreign and local players yesterday, dealers said. The Composite Index finished 9.07 points down to 499.81. "Almost all shares were on ofTer to sell, with most offers below market prices/' one
      Reuter; Source: Bridge Info  -  1,162 words
    • 2637 26 MOST ACTIVE volume I'romcl x MX U*l \N1UB MV 6 OtOOOO Idns H\d SOt 5 WW 000 Kjinunling MX: S 028.000 Mulphj lull SOi HOI OIK) h jhvr CiriHip 3.5*1.000 Kcnong Bhd MV 1.252.000 Jtihan Hldg. MV 2 S26.000 Scl Orcdg MV 2.122.000 Landmarks Bhd .2.025.000 Mull i-
      2,637 words
    • KUALA LUMPUR STOCK EXCHANGE
      • 5854 26 Bloomberg Business News KUALA LUMPUR Malaysia's benchmark stock index fell S.2S per cent to its lowest level of the year as foreign funds dumped shares across South-east Asia on concerns about rising US interest rates, analysts said. The Composite Index dropped
        Bloomberg Business News; Source: Bridge Info  -  5,854 words
    • STOCK EXCHANGE OF SINGAPORE
      • 7880 27 I MAIN BOARD Transaction date: Mar 21 C#r (*r IWM Ij>I Vol Day Ij\I (/wMr l>i» IN* Md Nrl M i ap High lu« i ompnn> Sale I/- ('(NW) IliKh Lo« Buwr Seller S C»r S l*/|. >mil INDUSTRIAL AND COMMERCIAL 144(1 264) I s Vmj 420 cd unch 315
        7,880 words
      • 1766 28  -  By R Sivanithy SINGAPORE Stock prices yesterday plunged to their early October 1993 levels, as foreign investors continued redeeming their funds held with unit trusts. Dealers said prices on both sides of the Causeway were also hurt by short seilers. The result was
        Source:; Source: Bloomberg  -  1,766 words
  • Page 17 Advertisements
    • 11 17 Vikay earnings up 35pc, but sales miss IPO target Page 18
      11 words
    • 305 17 NEWS VALUE How totlav's news might afieet your \toiks Asian stocks knocked again as US funds join selling (w I) Could start looking for bargains for the long term as some stoeks have fallen by half their value from the peak. Nippecraft offers 60m shares in 2 tranches (pt> n
      305 words


  • Page 19 Advertisements
    • 283 19 INDUSTRIAL LAND FOR SALE Ifs yours //TbHoutM 1° p kc lwfartrtel N®* Town f XX As*Tecl««> BukX /y Ifarahiiw n. toaye i 1 s K ki BMkit \yy Puttcq M 1 I *"""1 C Kemhantan N/ i Kcmtang*. TUAS O „J Housing Estate O EXTENSION/ TUAS BAY P Euro* Industrial
      283 words

  • Page 20 Advertisements
    • 121 20 HIGH STAKES Don't get shortchanged, go for a coverage you can bank on. Financial News. Everyday. SINGAPORE f 1 Businessiimes fVIWVAfIA ""ilsi 'vs 'id -jr v»4 •>faik U"! S*£<* 7&1 i Our Advertisement Sales Service counter at Times House, Kim Seng Road has been relocated. Come to our Advertisement Sales
      121 words

  • Page 21 Advertisements
    • 1253 21 <$ VIKAY VIKAY INDUSTRIAL LTD (Incorporated in the Republic of Singapore) The Board of Directors of Vikay Industrial Ltd wishes to make the following announcement UNAUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 1993 Year Ended Year Ended 31/12/93 31/12/92 Increase/DecreaseO SSOOO SSOOO Company Group Company Group Company Group 1.
      1,253 words


  • Page 23 Advertisements
    • 351 23 _B_U_S_L NESS TIMES TOLL-FREE TEL No 1-800-741-1883 FAX 741-1296 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF PAT (MAE) PTE LTD (IN LIQUIDATION) Extract of the Minutes of an Extraordinary General Meeting signed by the Representative of Holding Company relating to Proceedings of Subsidiary
      351 words
    • 38 23 As and w hen the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead. Business heats up JUL \1 when you make the call and vP* place an CJLTA ad. 1737-116^1
      38 words

  • Page 24 Advertisements
    • 58 24 SINGAPORE# rn Business Times WE KNOW ASIA Address: Mail or fax this form to: p osta l Code: Customer Relations Section Circulation Department jpejif WW] f Singapore Press Holdings Limited 82 Genting Lane Occupation: Fax: m News Centre Singapore 1334 SBmm m r *-.a "m,.. *—c*— Tel: 1800-749 2577 Fax
      58 words

  • Page 25 Advertisements
    • 48 25 I H H H Singapore's Regional Airline Class m V I and you'll be flying class without extra Makes The Tokyo market was closed for a fwblic holiday. xU-TIC-TECH-TOE To avoid stalemates, try some fresh strategies. Innovation Technology. Every Thursday. SINGAPORE PB 1 Business Times WW KNOW ASIA
      48 words


  • Page 27 Advertisements
    • 85 27 WHb over 195adfion cards MasteKard puts the whole woridh to casllt 300,000 bank "J||B brandies and ATMs jjjfe- rou'vi cor mc wwu world 51® wtw" t in rove hands wonowido. °T"' C^" 0 L °"l. i Dont miss AFTER 5 J Your day may be over But your night jfe
      85 words

  • Page 28 Advertisements
    • 716 28 TOLL-FREE TEL. No. 1-800-741-1883 FAX:74I-1298 In The Matter Of The Companies Act, Cap. 50 And In the Matter Of ME-U PRIVATE LTD (In Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE is hereby given that pursuant to Section 308 of the Companies Act, Cap 50 the Final Meeting of Members of
      716 words
    • 152 28 NOTICE BANK DAGANG NEGARA Cayman Islands Branch U5575,000,000 Negotiable Floating Rate Notes due September 1997 In accordance with the provisions of the Notes, notice is hereby given that for the Interest Period from 22 March 1994 to 22 September 1994, the Notes will carry an Interest Rate of 4.5% per
      152 words
    • 240 28 WINGTAI WING TAI HOLDINGS LIMITED (Incorporated in the Republic of Singapore) ANNOUNCEMENT RIGHTS ISSUE (THE "RIGHTS ISSUE") OF 279,344,253 NEW ORDINARY SHARES OF $0.25 EACH (THE "RIGHTS SHARES") AT $1.38 PER RIGHTS SHARE PAYABLE IN FULL ON ACCEPTANCE OR APPLICATION AND ON THE BASIS OF ONE RIGHTS SHARE FOR EVERY
      240 words
    • 134 28 HAW PAR BROTHERS INTERNATIONAL LIMITED (Incorporated in Singapore) LOST SHARE CERTIFICATES The under mentioned share certificates have been reported lost, mislaid or destroyed Certificate Not. In ttw Nimt P( No. of Slwm *****92 8 Mohd Yunos Bin Shap Tuan Ha)i 1 500 *****98-9 The Estate of Aw Cheng Chye. Deceased
      134 words

  • Shipping Times
    • 453 29  -  By Dexter Lee SINGAPORE The Port of Singapore Authority (PSA) has invested about SI3 million in two simulators to raise its profile as a regional port operations training centre. The acquisition of a SlO- shiphandling simulator and a 52.75-million quay/yard crane simulator will give
      453 words
    • 222 29 SINGAPORI: Combining Sibcon l 4 with SingaPort '94 will produce a complete shipping conference and exhibition. said a senior Port of Singapore \uthoritv (PSA) executive yesterday. Scah kean Hce. PSA bunkering serv ices manager, noted that bunkering was a significant factor in the shipping
      222 words
    • 596 29  -  ADMIRALTY CASEBOOK By Ramesh Divyanathan SINGAPORE A ship cannot be liable to arrest based on a claim for bunker oil supplied to it for resale purposes. this is because bunker oil here is not deemed to be goods supplied for a ship's operation
      596 words
    • SHIPS IN PORT
      • 759 30 Vtssal Voy No Berth Arrival Departure Vessel Voy No Berth Arrival Departure Jurong Port Zhepeng 1 94 TO2 alongside 23 03 0600 Batam Bahagu 03 06 94 II alongside 2203/2300 Agostin Neto 04 941 P01 2203 IbOC 23C3 1000 Batam Baru B313 112 alongside 22 03 2300
        759 words
      • 1731 30 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 Aci Swan UGA 23/1500 IB 21/1500 21/1659 21/1900 3 22,0700 22/1159 22/1400 4 22/1200 22/1459 22/1/00 Agoshnteto 04 94E 23/1200 IB
        1,731 words
    • 10713 38 This is a list of ships loading at Singapore lor ports around the world. It tabulates. by destination, the name ol the ship, the shipping line involved and the estimated dates ol arrival and departure from the Port of Singapore. LEGEND P\: ship calls at Penang after
      10,713 words
    • 3382 43 A XmJK ontainerline NV: Belsin Shpg Agencies Pie Lid (SVMannc Handling Sdn Bhd (PK/PN). Accord Group: Accord Shpg Pte Ltd (SVAccord Contr Line (Pk'PN). Adkris Business Corporation Philippine Calsource Shpg Trdg Pte Ltd (S> Ahrenkiel Liner Sen ice kim Shpg Trdg (S). Albatros Sen-Air Sen ice: Frata Shpg
      3,382 words
    • 276 43 Abacus Courier* Tel: 545-8011. Fax: 545-1898. Air Express I ravel Tel: 533-5771. Fax: 535-6144 Airborne Freight Corporation Tel: 542-8844 Fax: 542-3716. *****80. Ainwift Worldwide (uurier Tel: 278-0188 Fax: 273-8283. AJS Supplies Tel: 748-6322 (2 lines). 747-7421. Fax: 742-8975. Citv-lank International Tel: 344-3377. Fax: 345-6450. Cluster [.ink Supplies Services
      276 words
    • 1490 43 Abex Express Freight Tel: 542-7171 Fax: *****84. Actinic Forwarder Tel: 225-1833. Fax: *****42. Acthair Singapore Tel: 542-7822. Fax: *****20. Aerolink Freight International Tel: 545 8031 Fax: *****05. Xerospeed Tel: 542-5911. Fax: *****18. Air Cargo \o»o Express Tel: 542-5454 Fax: *****06. Air Fx press International Tel: 542-7666 Fax: *****74.
      1,490 words
    • 2216 44 ANGOU Very quiet. terminals working nnrmallv. ARGENTINA Santa Fe: No vessels berthed: no vessels in roads: max draft 23 ft. 3 in Diamante: One vessel loading maize: no vessles in roads: max. draft 23 ft. 3 in. ALBANIA Durres: Two vessels operating of which 1 loading copper. I
      2,216 words
    • 493 44 CRUISE FERRY SCHEDULES CRUISE SHIPS Ait Dep Name uf esiel ETA E1D Ports of Calls Purl \Kcnl Idrphonr No MARCH 22 22 Leisure World 1300 2015 Port klang Lauw Si. Sons Travel 22 7 -8284 Cruise to Nowhere 22 22 Langkapuri Star 1600 2030 Penang Sin Jardine Shpg \gencies 224-1052
      493 words
    • 1074 44 SHIP SALES TANKER RATES THIS week's market has been dominated by sales of older/lower capital tonnage as well as demolition the main exception being the tanker sector where there were a couple of notable sales. Initially the world-wide VLCC Eastern Promise 268.000 dwt and built 1978 was reported sold to
      1,074 words
    • 458 45 COURSES lille: Singaport '94 International Maritime Exhibition Conference Duration: Vlar 22-25 Organiser: Port of Singapore Authority Tel: For more information registration contact Times Conferences Exhibitions at (65) 284-8844 or fax: (65) 286-5754. Title: Container Survey Duration: Apr 4-18 Organiser Port of Singapore Authority Tel: For further details/registration contact
      458 words
    • 966 45 I HIS 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
      966 words
    • 1091 45 A firmer tone remained evident for Atlantic Panamax tonnage despite a slow end to the week, brokers said. Seatrans was rumoured to have relet the 69.458-dead-weight-tonne Merchant Pride to Alcan for a trip from Trombetas to Port Alfred at a firmer USSIO.(KX) daily plus an undiv closed ballast
      1,091 words
    • 963 46 The future role of the marine trading house in shipmanagement will he to identify and assess all factors which affect the overall running cost of the ship with respect to spares supply Lloyd's List Shipmanagement THE MARINE trading house or specialist marine
      Lloyd's List Shipmanagement  -  963 words
    • AIR AND LAND TRANSPORT NEWS
      • 523 48 FT LONDON The US government has averted a showdown with two of its main European allies on aviation policy by renewing British Airways' ticket code-sharing rights with USAir and approving a similar agreement between Lufthansa of Germany and United Airlines. But the
        FT  -  523 words
      • 193 48 SINGAPORE Singapore's second carrier Silkair yesterday launched a twice-weekly service between the Republic and Manado. Indonesia. Silkair said scheduled services between the two points had been anticipated since it began charters to Manado, on the northern part of Sulawesi Island, in late 1992. The
        193 words
      • 413 48 Reuter MANAMA. Bahrain British Aerospace pic unit Avro International Aerospace is showing off its RJ-70 aircraft to potential Middle Eastern customers, hoping to fill a regional need for light aircraft worth about US$75O million (SSI.2 billion). "We see the Middle East
        Reuter  -  413 words
      • 60 48 Reuter SAN ANTONIO, Texas An investigator marks the spot where a body part was found on Saturday at the crash site of a World War II vintage Interstate L 6 Liaison aircraft, after it hit another plane in mid-air as the two flew at an airshow.
        Reuter  -  60 words
      • 232 48 Reuter DUBAI Saudi Arabia's national carrier Saudia started separate talks on Sunday with negotiating teams from Boeing Co and McDonnell Douglas Corp on its planned purchase of American aircraft worth USS6 billion (559.5 billion). "A meeting (with Saudia) has taken place and let us
        Reuter  -  232 words
      • 287 48 AFP HANOI US carrier Delta Airlines has agreed to cooperate with Vietnam Airlines in marketing, services and transportation of passengers and cargo, a spokesman for the Vietnamese national carrier said last Saturday. The letter of intent was inked on Feb 26. the spokesman said.
        AFP  -  287 words
      • 839 48 Page Col ABC Containerline 12 5 Accord Group 8 1-3 Ahrcnkicl Liner 4 1/2 •APL 5 3-5 Appenship 8 4/5 •ANL 3 1/2 •ASCL 5 5 Avant Shpg 6 4/5 Bait Orient Line 7 4/5 Bank Line. The 9 5 Batamindo 7 4
        839 words
      • LOG BOOK
        • 84 48 Reuter TOKYO Japan and the European Union agreed on Saturday to let Japanese vehicle exports to Europe rise by 0.4 per cent in 1994 to 984.(HX). a Ministry of International Trade and Industry official said. The limit was based on a joint estimate that
          Reuter  -  84 words
        • 82 48 Reuter BONN At Spiegel magazine said Juergen Schrempp, management board chairman of Deutsche Aerospace AG (Dasa). will succeed Edzard Reuter as head of Dasa parent company DaimlerBenz AG next year. The magazine last Saturday said Mr Reuter would replace Deutsche Bank head Hilmar
          Reuter  -  82 words
        • 81 48 Reuter WASHINGTON The US Department of Transportation said it approved an arrangement between Delta Air Lines Inc and Varig SA for service between the US and Brazil. Under the arrangement. Delta will be able to sell tickets under its own name on Hights operated by Varig from
          Reuter  -  81 words
        • 67 48 Reuter WASHINGTON The union representing pilots of USAir Group lnc's Piedmont Airlines said a strike by the carrier's pilots could aflect most of the USAir system. The union also said last week Piedmont pilots have met pilots of the other USAir units, including
          Reuter  -  67 words
      • 1725 48 CHy Fl» ETA fltfct Crtj FH* ETA Fl» ETB_ Abu Dhatf GA893 1655 GA974 2325 ME633 2355 GA984 2340 Durban SQ406 0120 Adelaide QF81 1930 QF82 2050 064s OF5 ??20 SQ228 2105 FrMkfHrt LH772 1615 SQ326 2256 Amsterdam KL844 0535 QF6 1840 IH773 2359 KL837 1540
        1,725 words
  • Page 29 Advertisements
    • 345 29 If you want it thereJ yesterday, =$r Fly it with us today g ,/A Member ASM f KINETIC-*****33 K INTRA ASIA DISCUSSION AGREEMENT 1 I NOTICE TO SHIPPERS jfl The Intra Asia Discussion Agreement (lADA), which comprises a number of ocean fl carriers serving the Intra Asia trades to/from Japan,
      345 words
    • 91 29 JZ±7M+Rf M R FORWARDING PTE LTD WEEKLY CONSOL TO EUROPE CALL.QQQOQQQ Future role of the marine trading house, Page 18 Index to advertisers, Back Page I-- L&w*— m BOUILLABAISSE C A L A M A R I ...An unrivalled blend of jgLr,. topical news and lively comment... DIM SUM Including:
      91 words

  • Page 30 Advertisements
    • 420 30 TSKUNE AGENCIES (S) PTE. LTD. rI 1 17 V *|L"nn Tel: 226-3363 nl*s i tJtIV ULNH Fax: 22 1972 3 rjtn; -7 Tlx: RS *****/TSKSIN. TOKYO SENPAKU KAISHA, LTD. CR No: U*****0000N I CAUUMA <T 23*03 '>*" y OCX PACT QSOB 22.03 25.03 23.03 31.03 05.04 05.04 06.04 07.04 HC
      420 words
    • 1635 30 fffflCT T9 VfA yWfT vWf T (?y*-yWW vMyWI* ffTWIPfI —Tv lA>T Mui WBhW tfc wvnifliM LJMKns»I ««n «t run Li <m in mi i an mb'l w jobl na w» «o trm muktti man* siawt* law nar uvr* uttmui* oa umaCAIIFORNIA LUNA 64 ***** 1 44 11 4 134 14
      1,635 words

  • Page 31 Advertisements
    • 2551 31 OOCL (S) PTE LTD JARDINE SHIPPING AGENCIES J A R °INE SHIPPING AGE!NCIES SDN. BHD TEL *****13 FAX *****42 PETALING JAYA TEL: 03-*****76 FAX 03-*****42 DOCUMENTATION TEL *****55 (INWARD>/*****90 (OUTWARD) PENANG TEL *****4 FAX *****1 CFS TEL *****6 BOOKINGS TEL *****80 *****81/ *****82 < p OH TEL^ *****3/4 Jf** 5*2706
      2,551 words
    • 1378 31 ■UIiViHHHWH MAERSK HAS DONE IT AGAIN THE «TH ASIAN FREIGHT INDUSTRY AWARDS IM4 Once again, we are honoured to announce that Maersk Line took all the awards a shipping line could get at the Bth Asian Freight Industry Awards 1994. I BEST GLOBAL SHIPPING LINE IST YEAR BEST SHIPPING LINE
      1,378 words

  • Page 32 Advertisements
    • 1736 32 AQABA R DAM [i ALSO ACCEPTING FROM VESSEL VOY NO SPORE JEDDAh tVIA JED) S TON H BURG A WERP HAVRE WEST MALAYSIA FRANKFUHT EXPRESS 72 111 23 3 9 4 12 4 10 4 Po( Ketanq p^-nanq LEVERKUSEN EXPRESS 17 311 26 3 4 1 4 11 '4 13
      1,736 words
    • 675 32 FCL Breakbulk Service to: 9 AFGHANISTAN MAM Afghanistan Ltd., I Sole Foreign Forwarder in Kabul tor all services I C.I.S.- Vostochny, Vladivostok, Moscow, Tashkent, Kiev, Minsk, Riga, Baku, Irkutsk, Alma Ata North Korea t Vietnam Mongolia Hungary FULL CONTAINER SERVICE TO NORTH/WEST AFRICA VESSEL SIN DKR Ned Oceania V 2074
      675 words
    • 1318 32 I NOR/VSIA I NORASIA MUBARAK 9411-3 24/03 13/04 16/04 17/04 IS 04 19 04 20 04 21/04 22 04 22 04 I I NORASIA Al-MANSOORAH 9412-3 30/03 20 04 23/04 24/04 25 04 25/04 26 04 27/04 28 04 28 04 I I i 06/04 27 04 30 04 01/05
      1,318 words

  • Page 33 Advertisements
    • 1961 33 M STRAITS SHIPPING PTE LTD 10 Hoe Chiang Road #11-01 Keppel Towers Singapore 0208 Tel: *****88 Fax: *****17 new guinea pacific une jaWnp (A SERVICE OF CHINA NAVIGATION CO) CARGO DUE SAILS Ub K 1,19 M h M 22 Mar FCL. LCL CONTAINER AND BREAK BULK SERVICE TO PAPUA NEW
      1,961 words
    • 3653 33 1 SINGAPORE AGENT: AlltQlflAfC p&0 Containers (Singapore Agencies) Pte Ltd X il M B, >11 M M 10 Hoe Chiang Road #07-01 Keppel Towers. Singapore 0208 Tel 225 2233 Te,ex RS ***** PNOCSP Fax 225 5327 222 7517 r v CR Number **********0Z EXPORT IMPORT vessel vov -phc -pkg sm
      3,653 words

  • Page 34 Advertisements
    • 625 34 i§K EKA JAYA AGENCIES Vlir TEL: *****22 (8 LINES) FAX: *****05 SALES REPRESENTATIVES IN CHARGE MYANMAR TRAPS PAQ6B 1 HANDPHONE/PIHECT WIUIAM WEE *****26 *****0******532 MAMO 1 MO CHI M'HH CtTY HEMRY HOC *****24 *****26/*****64 KEIV'H CHAW *****25 *****22/*****63 TO MYANMAR/YANGON SEMI CONTAINER SERVICE M OCEANLINES VSI Vo< TANGON STOW IBN
      625 words
    • 2020 34 H ANJIN SHIPPING BOOKING TEL:- *****35-237 OPERATION TEL: *****41-253 SALES TEL:- *****22-233 DOCUMENT TEL: *****71-275 FDR VSI SM IIVC MAUI SEA YVR POX ft* VSI lift HAUI SAV AM NYC HANHN VANCOUVER 016 C 25 3 DKECT 14/4 15/4 16. 4 HANJIN VANCOUVER 016 C 2t 3 M ASIA 015£
      2,020 words
    • 1671 34 AU z\ -1 tA zi I phi ser ku mc uc ms wi o» ng> siv no in at mmc lmv am* rdm nr icg no cm pu scp I CRAM Rl 044 23 I 24 3 M 3 1 4 4 4 5 4 6 4 7/4 < 4
      1,671 words

  • Page 35 Advertisements
    • 2678 35 sex: 'CALIFORNIA LUNA 64E' eta sgp 23/03/94 ll II II ARRIVING LOS ANGELES 09/04/94 IN 16 DAYS HI II 11 AEX <NEPTUNE RHODONITE 14E' eta SGP 24/03/94 II II ARRIVING NEW YORK 16/04/94 IN 23 DAYS HI ■I r HI *>1 Connecting CaNfornla Ptgasus Voy2tln HK6 23/04/94 *112 Connecting CaMfomli
      2,678 words
    • 1224 35 A MULTILINE SHIPPING PTE LTD mm (a member of SINSOV Group) CR NO: **********0 C ENQUIRIES: *****33 A BOOKINGS: *****64, *****51, *****31. *****13 BALTIC: INWARD *****97 OUTWARD *****10 T/S *****10 Jfcv ,4k BLASCO: INWARD *****65 OUTWARD *****28 T/S *****46 FESCO: BOOKINGS *****06 DOC *****07 MARINE INSURANCE: *****87 INVENTORY: *****59 AGENTS:
      1,224 words

  • Page 36 Advertisements
    • 1663 36 K4I v AS AGENTS LINI (SINGAPORE) PTE ITO (CR No: **********0 M) m TEL *****77 TELEX: KAWAKI R*****5 FAX *****16/7/8/9 I T MP MALAYSIA K" UNI MARITIME (MALAYSIA) SON BHD W*J TEL: SA *****00 PK *****75 PEN *****0 JB 236'01 PGU 6 1 INDONESIA P.T. SARANA LAUTINTERNUSA. TEL JKT *****08
      1,663 words
    • 778 36 ®APPENSHIP /2\ II AM Bl KG \I\J CONVENTIONAL ft INDEPENDENT LINER SERVICE EUROPE TO SOUTH EAST ASIA AND FAR EAST WSSELS LOADING PORTS DISCHARGE LOADING FOR INZHENER PARK HON YUK KLP 09/02 TGN 21/02 TRT 02/03 SPORE 24/03. HUANGPU/XINGANG HONESTY SZE 16/02 HAM 22/02 SPORE 28/03. LAEM. BKK KOALA CONTAINER
      778 words
    • 398 36 GOLDEN LINE LftN GUAN GUAN SHIPPING lCSs>\\ (PTE) LTD 23. TcM »r«r Street SMCVOM 0104 ra SJ439M (to LKS) Fat 5J***** (CD No *****5SOOOOW) ■TRAIT*/PEK6IAN GULF WHTICE S pore P Helanc Perang 4 GOUXN KM Haract" Dubai 21 21 Mar M OMCt Kar*.h Data 30 31 Mir CMIWA 6EKVICE GOIOCN
      398 words

  • Page 37 Advertisements
    • 951 37 (PACIFIC INTERNATIONAL LINES (PTE) LTD \-SsssssSs 140 Cecil street #03-00 PIL Building, Singapore 0106. CR NO **********0F I I VESSEL VOY SIN CRM JIB JED AQJ ADE HOD PZU ASA KOTA MOAH lOHOOS 26/3 31/3 6/4 9/4 12/4 9/4 12/4 KOTA BERLIAN BRLOO3 25/3 30/3 S/4 1/4 11/4 9/4 6/4
      951 words
    • 1118 37 VESSIIS VOT SW HAMBURG ROUIRDAM ANTWERP I HAMS Lt MM Will Pt LIM 7732W 24/03 15/04 17/04 U/04 1) 04 70/04 M.LE 01 VEGA *****1 20/03 71/04 23/04 74/04 25/04 7C/04 V*l£ M VISTA *****) 01/04 02/05 04/05 05/05 06/05 07/05 Will DC 111 ANA IO3W _11/04_ 05/05 07/05 OS/05
      1,118 words
    • 398 37 BSAa. M MYANMA pMHk FIVE STAR LINE (Myanmar National Line) Loading for Yangon (Rangoon) Spore P.KIf Pen P.Gdg WAAN V2OON In ft PAGAN VZOBW 29/31 Mar WA AN N2OIW 1/10 Apr MALAYSIA AGENTS SOUS HAD SHPPfK A GENUS All TEL 03-*****00 PKI TO. 03 3M6767 PEN: TEL 04 SIJI3S PGD
      398 words


  • Page 39 Advertisements
    • 28 39 t4PASIAPAC "Atyour service, anywhere and anytime MEXICO SERVICES FCL LCL Services to:Salina Crux Guadalajara Manzanillo Tijuana Lazaro Cardenas Mexicali Mexico Qty Ensenada Acapulco ASIAPAC FREIGHT EXPRESS PTE LTD
      28 words

  • Page 40 Advertisements
    • 317 40 (_({@%=:.]_>%?*")$,!%&^`?%|>@)& /£LjMORBULftv I NORBULK CARGO SERVICES LTD. 1 I REGULAR CONVENTIONAL I I TIMBER AND PLYWOOD SERVICES ISP^^PI^IOADINnO^^^^I MM.AGRO 5/4 10/4 ROT/ANT/UK I MMUMSTOS 10/4 5/4 FLU/ANT/UK I ISP PK LOADING FOR I NORBULK TBN 5/4 DBN/CT/EL I ALSO LOADS TG MAM AND KK I PK SWK/SABAH LOADING FOR NORBULK
      317 words
    • 345 40 SHINYEI SHIPPING (S) PTE LTD 10 ANSON ROAD #15-01/02 INTERNATIONAL PLAZA SINGAPORE 0207 CR NO: 1M*****000N HOT LINE: *****38 (8 LINES) EUROPE ROTTERDAM, HAMBURG FELIXSTOWE 26/3/94 LEHAVRE/ANTWERP MEDITERRANEAN Barcelona, Marseille, genoa 24/3/94 USA LOS ANGELES, NEW YORK 27/3/94 •ALL IPI DESTINATIONS. f NATIONAL EXPREBB 1 K——J FORWARDERS (6) PTE LTD
      345 words
    • 610 40 TO AUSTRALIA/NEW ZEALAND fis Sn f rem MHb S»d Auck P Clukn *Nim*pin j2w uTi itTl i37i iiTi I7s* (ILCN HUOtC 326 14/4 23/4 ?l 4 iTs 575 5/5 BTOSSCI 327 575" 11/5 17/5 20/5 2V5 H/5 MMTHA 32« 2175 j/4 575 12/6 15,6* Vl* AUCKLAND TO USA/CANADA VSI S*i
      610 words

  • Page 41 Advertisements
    • 633 41 (ft FAMOUS CONTAINER LINES 10 ANSON RD. #15-21 INTERNATIONAL PLAZA, S'PORE 0207 HOT LINE: *****33 (24 LINES) GOTHENBURG/SCAN 27/3 ROTTERDAM 27/3 AARHUS/COPENHAGEN 27/3 HAMBURG/BREMEN 27/3 MARSEILLE/FRANCE 24/3 FELIXSTOWE/UK 27/3 BARCELONA/SPAIN 25/3 LEHAVRE/FRANCE 28/3 GENOA/ITALY 28/3 ANTWERP/BELGIUM 27/3 LOS ANGELES/WC/IPI 24/3 SYDNEY/MELBOURNE 24/3 NEW YORK/EC 24/3 FREMANTLE/ADELAIDE 25/3 VANCOUVER 30/3 BRISBANE
      633 words
    • 1078 41 Tito IfflfliTTiin! iliMifiß M*™"™ lll MrtMaa l MaitJ<BMMßMhiiMMEiyft&, X W1 rrr It ■■■■■■■■■TT-I*M 2 VESSEL =F VESSEL VOV SIN PEN K 111 II I WAN* BHUM 220S J?L*L _Sf«_ _»/3_ BUNG A SEROJA 4049 Thy I 24/3 Sal 28/3 M N «f« i IBWABHUM Fn thama BHUM 31N ST 25/3
      1,078 words
    • 649 41 Guaranteed Sailings to-. BANGKOK *LAEM CHABANG JAKARTA PORT KELANG •HO CHI MINH MANILA CEBU •SURABAYA PENANG HONGKONG We also serve other ports: USA, EUROPE, CHINA AND ALL DESTINATIONS PONGN AM A LINE VESSEL W PNG M PR BSD MC HONGKONC SLOOY ¥403* 24/3 2t/3 2t/3 t/4 lt/4 MUM VMM 30
      649 words

  • Page 42 Advertisements
    • 1496 42 ■MUEMN CONTAINER LINES, INC MAC-NELB SPORE: *****22 (M LINES) VJV X 'c/r ita mmrwmm SJBU (064) *****9 KUCHINQ (062) *****3 PENANGfc (04) *****6 BANGKOK (682) *****67 MAMLA (632) *****61 P.KELAWQ: (06) *****77 JAKARTA; (21) *****07 SURABAYA: (31) *****0 HKG/TWN/BKK I GENOA/EUROPE PEN PKL SIN 5 SAILINGS/WEEK ftN PK SIN 27/3
      1,496 words
    • 71 42 50 TELOK BLANGAH ROAO #02-02 CITFORT CENTRE. STORE 0409 TEL: *****11 (6 lines) FAX: *****05 TLX: RS ***** CR NO. **********0W VESSEL VOT ETA ETD OESTMATKM ISABELA OS/94 21/3/94 22/3/94 BELANAN MAGURI 10/94 22/3/94 22/3/94 MUNTOK MIAMI 09/94 22/3/94 22/3/94 BATAM/PONTMNAK RRMNA 06/94 24/3/94 25/3/94 SEMARANG/CKBON MABUKWA 02/94 24/3/94 25/3/94
      71 words
    • 209 42 SEAWARD SHIPPING AND TRADING CO (S) PTE LTD OA ETA 111 SrOK FORI HUMS KWWE HI! INK 30 J Loading lor kbit ■WMHUDHU 10 4 DncfwgiAg and loading tor Bombay DOIfHN 26/3 loading For Mate ram simm 2i,3 Loading For Mal« UMCEDH A3 Loading For Mal« PtOGWSS IKJITY hi PI
      209 words
    • 994 42 JL THONG SOON UNES PTE LTD 1 I 78 SHENTON WAY #10-01, SINGAPORE 0207 I I TEL: 227-5088 FAX: 227-6011 I I TLX: RS ***** CARRIER. RS ***** JENHOL CABLE: TOSOCO I SINGAPORE TO SARAWAK VESSEL m S PORE PEST VESSEL |VOY Is PORE [PEST EQUATOR GRACE 113/4E 24 MAR
      994 words


  • Page 44 Advertisements
    • 38 44 The Natural Salesman //vA sells effectively in the right media and the right company. Classified the people finder. me THE SUNDAY TIMES* BciSiNESS TIMES THE NEW PAPER UANME ZAOfaAO UANME WANBAO SMINMIN DAILY NEWS BERfTA HARIAN BERfTA MtNGGU
      38 words

  • Page 45 Advertisements
    • 48 45 FACTORY' Z" > CAFETERIA I fAayte got chance,-this 1 1 assistant superwscr job. Any Job. Any Career. Available Any Day. Any Time, anywhere. the Straits Times The Sunday Times Business Times The New Paper LIANHE ZAOBAO LIANHE WANBAO SHIN MIN DAILY NEWS BERITA HARIAN BERITA MINGGU Singapore Press Holdings
      48 words
    • 21 45 *\Jk TIC-TECH-TOE To avoid stalemates, try some fresh strategies. Innovation Technology. Every Thursday. SING Ait *f- Business Times WF KM/% ASiA
      21 words

  • Page 46 Advertisements
    • 469 46 WORTH PHILIPPINES PULL CONTAINER SERVICE VESSEL VOYAGE SHGAPORE MANILA I VIGOUR PACFIC 9413N 25/03 (FRI) 02/04 (SAT) VIGOUR PACIFIC 9413 AN 28/03 (MON) 02/04 (SAT) LOADING EVERY LHOTSE 9401N 01/04 (FRI) 09/04 (SAT) DAT MOHD V LHOTSE 9401 AN 04/04 (MON) 09/04 (SAT) I SOUTH PHILIPPINES FULL CONTAINER SERVICE VESSEL
      469 words
    • 314 46 PT BAHARI HALUAN SAMUPERA Weekly COMMON FEEDER SERVICE VESSEL VOV SWGAPOtt POUT KELANG tDMm TAMBANG VIII 1017 28 29 03 30 31 03 01 02 04 Vy TAMBANG VIII 1018 04 05 04 06 07 04 08 09, 04 WbSWF UKC CONVENTIONAL SERVICE 1) JAKARTA BfIAWAN JAKARTA 2) JAKARTA-PANJANG JAKARTA
      314 words
    • 22 46 7 STRAIGHT TALK You shouldn't have to read between the lines to get the full picture. Companies Markets. Everyday. Business Times mammsm
      22 words
  • Page 46 Miscellaneous
    • 733 46 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 23<K 1.5 16 19 2.1 2.3 24 2.4 2.3 20 1 8 1.5 1.3 1.1 1 0 1 0 10 12
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  • Page 47 Advertisements
    • 927 47 I HYUNDAI I MERCHANT MARINE CO. LTD. WESTBOUND TO EUROPE BKG: *****61 PNA* PKE* PGP* VESSCLS VOY SIN HTM *NT' LEW HAM Bttt FEL 16/03 IS/03 19/03 H. EXPLORER 310W 28/03 15/03 16/04 18/04 16/04 16/04 19/04 23/03 25/03 26/03 NOR FRIBOURG 310** 04/04 22/04 23/04 25/04 23/04 23/04 26/04
      927 words
    • 473 47 STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS INBOUND VESSELS VESSEL m PI IK u km ucni vm sib u» COSMIC LMBEI 1(3 24 3 cosmic noma m n COSMIC CaiUEKU 131 23/3 SIO OUTBOUND VESSELS LOAPIIIC FOR UJUNC PANDANC COSMIC PIONEER VM SP IN PT LOADIMC FOR TVO/SEN
      473 words
    • 1052 47 VESSEL I VOY ISW ETA/D LAX OAK 1 CHI I DAL MEM/COl IHOU 1 NYC 1 NOR MACKMAC BRCGE 75A 24-25/03 10/04 12/04 13/04 14/04 14/04 15/04 15/04 16/04 ALLIGATOR GLORY 69A 31/03-01/04 17/04 19/04 20/04 21/04 21/04 22/04 22/04 23/04 GEORGE WASHNGTON BRCGE 77A 07-01/04 24/04 26/04 27/04 2>/04
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  • SingaPort '94
    • 425 49  -  By i Dexter Leo THIS YEAR, 1994, could turn out to be the year that shipping executives have reason to smile, for a change. After two lean years, it looks like the shipping industry is poised for a turnaround. In Singapore, the Port of Singapore
      Photo by Arthur Lee  -  425 words
    • SHIP MANAGEMENT
      • 1364 50  -  Like everyone else in the shipping industry, the ship management fraternity has its fair share of headaches as it grapples with change. David Shield discusses the challenges facing the industry and what can be done to keep its head above water David Shield
        1,364 words
    • LINER SHIPPING
      • 824 51  -  The battle for containers in the shipping industry these days is fought on technological grounds. It is the carrier which is able to harness the powers of computers for operations, marketing and even training that eventually triumphs over the competition, argues Rein
        824 words
    • SHIPYARD
      • 1493 52 Shiprepairing the fundamentals are still good The Singapore marine industry has emerged repidly from the mid-80s recession. Many were confounded bv the remarkable recovery but still, there are more challenges ahead for the industry THE CYCLICAL nature of the marine industry, especially in the shiprepairing sector, is a well-ob-served phenomenon.
        Source: The Platou Monthly  -  1,493 words
    • HUMAN RESOURCE MANAGEMENT
      • 1874 54  -  Sophisticated machinery used in today's shipping world means that port workers must be kept constantly in the know. Goon Kok Loon and Jayasankar Menon discuss the importance of human resource development Goon Kok Loon Jayasankar Menon •Mr Goon is PSA's deputy executive director and Mr
        1,874 words
    • PORT DEVELOPMENT
      • 929 56  -  The PSA has started on its third container terminal in Pasir Panjang, even before its second one is fully operational. Leong Kum Hoong explains why Leong Kum Hoong The writer is PSA's project director of the Third Terminal THE Port of
        929 words
      • 592 57 Cimos the leading edge of port technology Manpower shortage in Singapore has increasingly made PSA turn to machines and computers for solving its operational needs. One such computer system is Cimos, which enhances navigational safety. The PSA has the details CIMOS is a realtime "command and control" computer system that
        592 words
      • 625 57  -  Singapore's latest investments in port infrastructure include the Keppel Distripark, Manjit Singh provides the details Manjit Singh The writer is PSA v manager tor Keppel Distripark THE completion of Keppel Districpark (KD) by the Port of Singapore Authority will place another anchor in
        625 words
    • SHIPPERS
      • 842 59 These days nothing seems to bug shippers in Singapore more than terminal handling charges, the levy that container lines created to make shipping charges more transparent. Here is some history leading up to the current situation Terminal handling charge (THC) was first
        842 words
      • 412 59 IT BEATS me why the SNSC and other shippers' councils in the region have taken such a conciliatory approach and not a confrontationist one towards conferences and rate agreements on the the THC matter. Some 25 years ago if Singapore shippers had not banded themselves together to
        412 words
    • BUNKER
      • 1375 60  -  Disputes used to abound in the bunkering industry in Singapore. But not anymore. Tan Lay Thok explains whv. Tan Lay Thok The writer is PSA deputy manager (bunkering promotion) HIPOWNI RS. charm terers and operators Jt are increasingly con#jjk cerned that what they get in
        1,375 words
      • 1274 60  -  Besides making sure their vessels meet stringent PSA requirements, bunker suppliers must learn to tap the futures market, says Lim Li-Lian Lim Li-Lian The writer is the Singapore Sationa! Shipping Association chairman of the hunkering group THE business of bunkering is no
        1,274 words
      • 1389 61  -  Singapore's reputation as the world's No 1 bunkering port was bolstered bv the introduction of the Singapore Bunkering Procedure. Yet all is not well, says Rex Lim Rex Lim The writer is the managing director of D.\ I Petroleum Services IN THE early days, the
        1,389 words
    • CONTAINER SHIPPING — INDONESIA
      • 1292 62  -  Closer trade ties among nations under the Gatt agreement will ensure that Indonesia's container trade continues to grow. But the promise of heavier throughput will attract new players into the market and lead to a further erosion of freight rates. Ultimately, it
        1,292 words
    • CONTAINER SHIPPING — INDIA
      • 1509 63  -  The Indian sub-continent is growing to be a major economic region. Transportation bottlenecks, however, will hold up its progress. C A Hartnoll suggests ways around the problem C A Hartnoll The writer is chairmaniof Sea Consortium Pte Ltd AS Prime Minister Cioh Chok Tong's recent
        1,509 words
    • SHIPPING
      • 656 65  -  Captain lan Barclay examines the changes sweeping the global car carrying market Captain lan Barclay The writer is the managing director of Ugland-Pacific Services The transporting of vehicles across oceans is undergoing a sea change, brought about by the profound and far-reaching
        656 words
      • 796 65  -  Many shipping lines have been setting up regional bases here but at the expense of the agents, says Captain Graham Finch Captain Graham Finch /'he writer is the managing director of Harpers Shipping THE SHIP agency business has never been
        796 words
    • TANKER CHARTER
      • 2256 66 There is an anomaly in standard charter agreements for tankers which exposes charterers to the risk of having to pay demurrage IL TRADING M embraces a spec- I trum of activities W ranging from buvj ing and selling i oil. obtaining and servicing J term
        2,256 words
      • 1150 67  - in a tanker voyage charter party Captain Edwin Wong explains the steps involved in securing a tanker and suggests a way around the anomaly Edwin Wong The writer is a surveyor with a local ship con sultancy firm If the arguments are not valid, it means that used laytime can
        1,150 words
      • 1006 67 Christensen v Hindustan Steel Ltd (1971) 1 Lloyd's Rep 395 s case concerns a vessel giving notice of readiness saving that it would be ready at a future date. The court held that the notice was invalid even if the vessel, in fact, was ready at the
        1,006 words
    • PORT DEVELOPMENT
      • 986 68 Singapore is looking forward to another good year as economic activity in the Asia-Pacific continues to buzz while that in the developed countries is slowly recovering SINGAPORE has retained its title as the world's busiest port, and there is every indieation that it will maintain
        Photo by Arthur Lee  -  986 words
  • Page 49 Advertisements
    • 52 49 MPpaiYOUR |gfPI GLOBAL NETWORK SK f f IITHE TOTAL TRANSPORTATION PEOPLE n/h r f ?j ■>•' 1 VISA FREIGHT SERVICES PTE LTD 2 rn (INTERNATIONAL FREIGHT FORWARDERS) fj® R "J >-i 10 ANSON ROAD #20-09 INTERNATIONAL PLAZA, SINGAPORE 0207 TOLL FREE TEL: 1800-*****66 TELEX: RS ***** VISA FACSIMILE: *****86 H<*
      52 words
    • 179 49 HIGHLIGHTS Ship Management Ship management is receiving increasing legislative and media attention. ...Pg2 Shipyard The "prophets of doom" were confounded by the remarkable recovery of the Singapore marine industry Pg 4 Human Resources Five main reasons which make it vital for ports to train their personnel. ..Pg 6 Port development
      179 words

  • Page 50 Advertisements
    • 114 50 "We offer you a worldwide network" GROUP OF COMPANIES ACCORD SHIPPING PTE LTD *****56 (24 lines) Fax: *****46/*****72/*****24 ACCORD CONTAINER LINE (S) PTE Tel: *****31/*****76/*****58 Fax: *****21 ACCORD EQUIPMENT SERVICES PTE LTD Tel: *****31/*****76/*****58 Fax: *****21 CONPAC WAREHOUSING PTE LTD (Main W'hse) Tel: *****21/*****86 Fax: *****21 (Bonded Whse) Tel: *****61
      114 words
    • 95 50 a HUH qpYCHGROUP jg TOUR RVRTNER IN TOTAL LOGISTICS Iciri FACILITIES State-Of-The-Art Retrieval And Storage Equipment Modem Complexes With Latest Safety And Security Features Information Technology Applications Warehouse Data Communications System, Fleet and Traffic Management Systems Edi On-Line Access To Related Government Agencies Specialised Facilities And Amenities Dock Levellers, Temperature
      95 words

  • Page 51 Advertisements
    • 94 51 Three ships. One cylinder oil. And more than US$ 500,000 in savings. The M/V Marofa because Mobilgard 570 helped eliminate costly liner replacements. The Europa saved US$ 308,000 '-'r because Mobilgard 570 reduced oil consumption. tfP JLi. i&r .>-. V y wr W ->3——wv'*■-. In 1, c The M/V Orange
      94 words


  • Page 53 Advertisements
    • 153 53 .^TRU-MARINE v. tp£ :S l k.&T>'' V-' ,s v, A *WM in t tuxfacJuviyei lefiAci j Tru"Mariii&*C)ur sterling qyalify""'' Hois been awarded the ISO 9002 JM| ta| -S' V "t' 1 ypjciiify System Certification* Sterling quality delivered to meet your exact requirements the hallmark of Tru-Marine. We are proud to
      153 words

  • Page 54 Advertisements
    • 248 54 BREMEN W\BREMERHAVEN .3: s glSjggfe^ Helsinki Oslo JL Stockholm StPetersburg Copenhagen BREMEN/ •Gdynia BREMERHAVEN Jk Uinei# M IVIinSK 0 w •Berlin DQsseldorf Leipzig Frankfurt® Prague Stuttgart# -Vienna Munich Bem Budapest -Milan# Belgrade THE EXPORTER'S EDGE TO EUROPE The Ports of Bremen, and emerging economic cen- Nearby Bremen's massi- Europe. Peace
      248 words

  • Page 55 Advertisements
    • 84 55 (X). IfUlLw A rrV (Cfisoy wbd FOR YOU, WE HAVE Certificate No. 94/2733 ACHIEVED ISO 9002. Transware Distribution Services Pte Ltd A Joint Venture Company of Steamers Maritime Holdings Limited and Malaysian International Shipping Corporation. The Largest Inland Container Terminal in Singapore to Achieve ISO 9002 Certification A.'*,- --V W.
      84 words

  • Page 56 Advertisements
    • 94 56 k Every cargo is spedal to us. No matter what type of cargo you're shipping, to any destination, you can be sure the people at MOL will handle it with precision and care. Because your cargo is as important to us as it is to you. MOL moves swift and
      94 words
    • 254 56 MEW Visit Asia's Premier Maritime Showcase SingaPort '94 INTERNATIONAL MARITIME EXHIBITION ft CONFERENCE 22-25 March 1994, World Trade Centre Expo Halls 3, 4 and 5 Singapore Visiting Hours: 22-24 March 1100-1900 hrs 25 March 1100-1700 hrs Trade Visitors only See Asia's most comprehensive display of the latest in maritime technologies,
      254 words

  • Page 57 Advertisements
    • 182 57 *****1 l BL' PP(S®(fgS —IK4 f fj" ffVvjH |tt| ;j S IBes^kp it. rlwi, )MiS i^jlvW f j^| i I fM he European Community is a market of 320 million service in the Far East. And, in addition to our feeder services people spread over 12 countries. To reach them
      182 words

  • Page 58 Advertisements
    • 53 58 Singapore. The Global Port. —-=9^ —-f. This year, we celebrate 30 years of growth. Once again, we have been voted Asia's Best Container Terminal Operator, Best Seaport and Best Warehouse Operator. We value our customers and staff. Your unstinting support and partnership. Thank you for growing with us. fPSA Poht
      53 words

  • Page 59 Advertisements
    • 293 59 lijL. Everyday9L^^^^^^^^H |we help I^K^^HPHil^H B* D-^H who are Deans apart come U jfl together If ln an i instant v 'SHI^qHKMS s L-fcyl U IH i^M E»siWg%&?WBs&s Wherever you are in the Pacific Ocean, you'll find the world is always for calls to the UK or Nordic countries And
      293 words

  • Page 60 Advertisements
    • 41 60 Over the next 4 days, everyone will be busy at... gS I S I Hjj "'^H l ...But we will be even busier at the ...collecting delivering ship's spares in transit. ■msas aod^bsim'u 1 @P@©oA« OKI ©□©□Dg'u'O GRIFFIN KINETIC PTE LTD
      41 words

  • Page 61 Advertisements
    • 147 61 CLAIMS CARGO? DrJ .H.Burgoyne and Partners has a distinguished record in providing technical advice on the causes of marine and other incidents, with rejxirts prepared for litigation. We deal with the investigation of fires, explosions, mechanical failures and cargo claims, advise on the carriage of chemical cargoes and assist in
      147 words
    • 110 61 A new standard of excellence in Corporate Security (CSAS) Corporate Security Advisory Service Tel: (65) *****01 Fax: (65) *****90 Postal Address: Taman Warna P.O. Box 0233 Singapore 9127 An international security service for multinational companies. We travel the world While attending Singaport '94 give us a call and meet with
      110 words

  • Page 62 Advertisements
    • 195 62 IS: f .V>. £a P. 2,.; ll' v ?fc 1 Jf. The World's Distribution Centre Membereofflie Singapore Freight Forwarders Association The Singapore Freight Forwarders Association has over 150 membercompanies who are committed to provide professional services and expertise in international freight forwarding, warehousing, distribution, packing, consolidation, oontainerisation, customs clearance, transportation,
      195 words
    • 108 62 I SPECIALISTS BH MARINE Bj «SSSL PAINTS Manufacturer and specialist supplier for full range of: Stoving Drum Paint Aerosol Spray Paint v M S Doveflor Floor Coating B I. il> Marine and Heavy Duty Coating Container Coating wSHRi Wmmmm *> «<. Marine Paints tiKf <S> *&>£ Agents for Rainbow Marine
      108 words

  • Page 63 Advertisements
    • 90 63 w y 7 -ft A (t> COSCO HOLDINGS (SINGAPORE) PTE LTD H m >A mat I 143 Cedl Street #11-01GB Building Singapore 0106 Tel: *****23 Telex: RS ***** Fax: *****58 Cable: COSCOSHIP I tfcgg* -rv- H H K I Cosco Livestment (S) Limited Costar Shaping Pte Ltd I I China
      90 words

  • Page 64 Advertisements
    • 122 64 r Looking For An Extra Fast Delivery Service, Here Are Three Letters Of Recommendation. P /HH -B&|g m m m If Km M I m I m m M A MF MSB ~*2 rfy I V £«'MMBoclifi>r«abc There is now a new, extra fast document delivery service that serves the
      122 words

  • Page 65 Advertisements
    • 69 65 Mew Sulzer Diesel SWISS QUALITY Matched only by reliable SERVICE from SEfflO Machinery Electric Co. Pte. Ltd. (Authorised Distributor in Singapore) NEW SULZER DIESEL SEIHO MACHINERY SINGAPORE PTE LTD. ELECTRIC CO. PTE. LTD. 143 Cecil Street Blk 803, King George's Ave #10-03/04 GB Building #02-218, Singapore 0820 Singapore 0106 Tel:
      69 words

  • Page 66 Advertisements
    • 43 66 MECHANICAL, ELECTRICAL TURBOCHARGER SERVICES. liniiKV flH' i ■rßrMtg U— pMm i 11 A 1111 JF\ IP IP Yes We Can! SEE YOU AT OUR STAND Asea Brown Boveri Pte Ltd aqa7 2 Tuas Lane Singapore 2263 Tel: *****22 1 a Fax: *****26/*****55 1.
      43 words

  • Page 67 Advertisements
    • 168 67 Latest From SAMYUNG ELECTRONIC. M GMDSS RADIO STATION VVW9Ja With the new eyetem if structure a high Integration i& f TV.? £d|HK capability haa baan >J AjHra* H|H achieved, cuetom-tallored 'i ~7sf ra m V to aach typa of ahlp and -'^ffl OPS NAVIGATOR tj .j authorities and claaalflcatlon societies.
      168 words
    • 208 67 SHIP I FINANCING i No two shipowners have similar financing needs. At Focal Finance, we tailor loans to suit your specific needs; for all types of vessels: I new, existing or under modification. j Whether you are a big or small owner, we take care of you. J Our rang*
      208 words

  • Page 68 Advertisements
    • 102 68 FAMOUS FREIGHT FORWARDING (S) PTE LTD (2: t- MAIN OFFICE PORT KLANG OFFICE PENANG OFFICE TAIPEI OFFICE FAMOUS FREIGHT FORWARDING FAMOUS FREIGHT FORWARDING CLEMENT FREIGHT SERVICES FAMOUS FREIGHT FORWARDING (S) PTE LTD (M) SDN BHD SDN BHD CO LTD 10 Anson Road #15-21 International Plaza No. ***** (2nd Floor) Rm
      102 words