The Business Times, 24 March 1994

Microfilm: NL19090
Total Pages: 48
1 48 The Business Times
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  • Title Section
    Masthead
    14 1 SINGAPORE Business Times WE KSOW ASIA MITA(P) 010/12/93 Thursday March 24 1994 75 c
    14 words
  • 2 am LATEST
    • Article
      Lock icon BNP reports 53pc profit plunge
      68 1 AFP PARIS Major French bank BNP (Banque Nationale de Paris) suffered a sharp fall in profit last year, with group share consolidated net profit down 53 per cent from 1992 to 1.02 billion francs (***** million). The group last night said that compared with 2.17
      AFP  -  68 words
    • Article
      Lock icon German nuclear plant shut after leak
      50 1 Reuter WIESBADEN, Germany A controversial German nuclear reactor had to be shut down yesterday after radioactive water leaked from inside the inner reactor housing. Klaus-Peter Schmidt-Deguelle, spokesman for the state government of Hesse, said the reactor had been taken oft" the electricity grid. Reuter
      Reuter  -  50 words
  • Article
    MARKET SUMMARY
    166 1 Stock market indices Wednesday Change STII 2,111.28 +66.24 KLSEComp 999.95 +32.47 Nikkei 19,962.10 -291.43 Hang Seng 9,465.53 +453.36 SET Index 1,286.44 +49.32 Jakarta Comp 486.90 +1.44 CLSA China B 1,052.63 +3.15 Aust All Ord 2.180.9 +40.1 FTSE 100 3,155.3 -46.2 Wednesday Previous lpm close Dow Jones 3.880.97 3.862.55
    166 words
  • Article, Illustration
    Lock icon Regional stocks climb higher as interest rate fears recede
    464 1  -  By R Sivanithy SINGAPORE Regional stock markets rebounded yesterday as interest rate fears receded. Analysts said an announcement after Tuesday night's meeting of the Federal Open Market Committee, the US central bank's policy arm, that short-term rates will be nudged up
    Source: Bridge Info  -  464 words
  • Article
    HK's top Asian equity funds hit the wall
    699 1  -  Dismal showing may have spurred redemptions, rattled regional bourses By Agnes Chen SINGAPORE The dismal performance by Hongkongauthorised Asian unit trusts may have spurred investors to redeem their holdings, worsening the recent sell-off in regional stock markets. According to US ratings firm
    699 words
  • Article
    Lock icon Dow up 18 points, Fed stays its hand
    121 1 Reuter NEW YORK Blue chip stock prices edged up yesterday as investors digested the Federal Reserve's less-than-expected move to increase short-term interest rates a day earlier. At Ipm EST, the Dow Jones industrial average rose 18.42 points at 3.880.97. Dealers said the
    Reuter  -  121 words
  • Article
    Bundesbank cuts rate, warns of high money supply growth
    397 1 FRANKFURT The German central hank yesterday sanctioned another drop in a key money market rate, stepping up the pace of interest rate cuts in Germany and prompting price gains in German financial markets. The markets also took heart from early signs
    397 words
  • Article, Illustration
    Lock icon Jardine Matheson to quit HK bourse at end of year
    724 1  -  From Catherine Ong in HONGKONG JARDINE Matheson Holdings (JMH) cast its final vote of no confidence in Hongkong's post-1997 future with yesterday's announcement that it will quit the local stock exchange at the end of the year. The decision to
    AFP  -  724 words
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      164 1 CD 2233 Removable CO Tuner *iifi DSP Sound Processor'CD Change' Controller FujflSU TEN AMATEUR PHOTO STORES PTE LTD. Singapore: Phone. 235 1333 Kuala Lumpur: Phone 757 0233 Penang: Phone. 615 985/619 014 Jakarta: Phone: *****9/*****8 CONTENTS Spore News 2 SponHSr^*l7.lB.l9 Regional News 3.4.5 Financial 21.22 Work) News 8 Features Markets
      164 words
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      5 1 Law: pk Safe-keeping conveyancing money
      5 words
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      42 1 Analysis: r K j§ What South Asia must do tp forge ahead Hock Lock Sich: Regional market rally not a sign of strength. Page 17 More on the US interest rate hike. Page 21 l K rates set to fall, l*agc 16
      42 words
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  • SINGAPORE NEWS
    • EYE on the ECONOMY
      • Article, Illustration
        Lock icon Rise in CPI due to Lunar New Year
        293 2  -  By Anna Teo INFLATION shot up to 4% in February, the highest monthly increase in two-and-a-half years. Figures released yesterday by the Department of Statistics show the sharp rise in the consumer price index following jumps of 3% and 2.8% in December
        Source: Dept of Statistics  -  293 words
    • Article
      Items from abroad worth less than $400 will be GST-free
      307 2  -  By A J Leow SINGAPOREANS will not have to pay Goods and Services Tax on items bought abroad if these are worth less than $400. The Ministry of Finance said yesterday that travellers away from Singapore for 48 hours or
      307 words
    • Article
      NTUC Fair Price to absorb GST for April
      251 2 NTUC Fair Price customers will not have to pay the 3 per cent Goods and Services Tax for a month after it is introduced on April I. The co-operative will absorb the tax on everything sold at all its supermarkets for the
      251 words
    • Article, Illustration
      Call to place high premium on automation
      407 2  -  Need to compete with neighbours for manufacturing investments By Claire Leow TO COMPETE with neighbouring countries chasing the investment dollar in manufacturing. Singapore has to place a high premium on automation and capital-intensive operations. the Minister of State for Trade Industry and Labour
      407 words
    • NEWS ROUNDUP
      • Article
        Five hurt in ferry collision
        93 2 I WO passenger ferries collided yesterday afternoon, resulting in slight injuries to several passengers. Five passengers of Port of Singapore Authority's Sea Emperor received slight bruises, while one passenger from Auto Batam Ferry Services' Auto Balam 2 received outpatient treatment. Auto Baium 2's stern incurred
        93 words
      • Article
        Your views on wages, please
        103 2 THE National Wages Council (NWC). which is now deliberating the guidelines for 1994/95. has invited views from members of the public on wage increase guidelines for 1994/1995 and other wage-related issues. Issues open to discussion include the competitive position of the Singapore economy: implementation of
        103 words
      • Article
        Sorry, no more space
        98 2 EXHIBII lON space at Asian Paper '94. the largest paper event to he held in South-east Asia, has been completely sold out. The exhibition, which will be held at the World Trade Centre from April 20 to 22. will have 335 exhibitors from 30 countries. Covering
        98 words
    • Article
      Tolaram buys S African textile mill
      107 2 SINGAPORE textile group Tolaram has bought a South African textile mill to gain a foothold in the market there. It has acquired Prilla Mills from Tongaat Textiles of South Africa and is expanding the business. Staff will be almost doubled from 400 to 700.
      107 words
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      218 2 Protect Your Computer Investment, Buy An Epson. EPSON <♦> The 3rd Aslo-Pocilic Industrial Automation Exhibition ft Conference PROPELLING YOU TO UNPRECEDENTED NEW HEIGHTS IN INDUSTRIAL AUTOMATION TECHNOLOGY than 200 leading manufacturers and suppliers from all over the world will converge in this highly focused exhibition bringing with them the latest
      218 words
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      374 2 IST SYMPOSIUM OF ASEAN CAPITAL MARKET REGULATORS APRIL 5 6,1994 THE CROWN PRINCESS KUALA LUMPUR, MALAYSIA (Officially endorsed and supported by the Securities Commission of Malaysia) Overview of region's capital markets and future challenges ASEAN bourses: In-depth Assessment by Securities Commissioners fo each country Asset Management: The Need To Develop
      374 words
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  • SOUTH-EAST ASIA
    • Article, Illustration
      Senior execs see future funds coming from capital markets
      432 3  -  Pacific Economic Cooperation Council meeting Reports by Yang Razali Kassim in KUALA LUMPUR FUTURE investment funding in the rapidly growing AsiaPacific region will rely on international equity markets and private equity funds such as venture capital, said senior financial executives attending
      432 words
    • Article
      Power, plane, phone projects fuel cash push
      315 3 KUALA LUMPUR The sudden opening up of sectors such as power, aviation and telecommunications, after decades of monopolistic government ownership, has triggered a massive surge in demand for capital. With rapid economic growth, Asian nations are hungry for investments to fund megaprojects to
      315 words
    • ASIA NOTES
      • Article, Illustration
        Lock icon Search for soldiers goes on
        50 3 AFP KOTA KINABALU A member of the British RAF mountain rescue team preparing to descend from a waterfall into Low's Gully on Mount Kinabalu, Malaysia's highest peak, on Monday. The team is on a three-day search for five British soldiers lost on the mountain. AFP
        AFP  -  50 words
      • Article
        Lock icon China to help Pakistan make tanks
        69 3 Reuter ISLAMABAD China will help Pakistan make tanks and armoured recovery vehicles under an agreement signed on Tuesday, a Pakistan government statement said. With this agreement, the Chinese-aided Heavy Industries at Taxila. near Islamabad, will achieve "the capability to manufacture modern tanks like MBT-2000
        Reuter  -  69 words
      • Article
        Lock icon More Australians buying cars
        89 3 AFP SYDNEY The Australian economy is continuing to expand, as gauged by a further increase in the number of new vehicles registered last month. New registrations climbed by a seasonallyadjusted 3.5 per cent in February from the previous month, the Australian Bureau of Statistics said yesterday.
        AFP  -  89 words
      • Article
        Lock icon Jakarta is firm on N-plant project
        70 3 Oana-Antara DENPASAR, Bali Despite strong protests by non-governmen-tal organisations (NGOs) and environmentalists, the Indonesian government will go ahead with preparations to build a nuclear power plant in central Java. The director-general of the National Atomic Energy Agency, Djali Ahimsa. said on 1 uesday that
        Oana-Antara  -  70 words
      • Article
        Lock icon Manila rejects protectionist calls
        82 3 Reuter MANILA Economic Planning Secretary Cielito Habito has rejected calls by a business federation to continue to protect Philippine industries. "We are just a bit too worried about foreign competition, but it's really good for us because it keeps us on our toes," he said yesterday.
        Reuter  -  82 words
    • Article
      Bali religious leaders and govt try to solve row over Bakrie project
      319 3  -  From Maggie Ford in JAKARTA INDONESIAN government officials and Hindu leaders on the holiday island of Bali are discussing ways to solve a political row over a property development by the Jakartabased Bakrie conglomerate. The row flared when
      319 words
    • Article
      Lock icon Manila to convince IMF it can achieve 4.5 pc growth
      377 3 Reuter M ANILA I lie Philippines, determined to clinch a deal with the International Monetary hund (IMF) on a new economic programme, will try to convince the funding agency it can achieve its 4.5 per cent growth target this year.
      Reuter  -  377 words
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      153 3 Visit the Cradle of Civilizations tulips, the art of ceramics nated. Where, ved into some of the ~g M T JSE^fIT on our planet. And ■■Pjjr JwHHMH^^I where countless empires V&Wja.W and cultures Hittite, Trojan, BR Roman, Byzantine, Seljuk, testify to Natural marvels t ljiDfllS ■■■SV 9flp*l pools to the
      153 words
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  • CHINA/HONGKONG/TAIWAN
    • CHINA WATCH
      • Article
        Lock icon China retail sales seen up 15-30 pc
        120 4 Reuter BEIJING Retail sales will grow 2()-30 per eent in 1994 over the previous year in China's eoastal areas and eities and 15 percent in rural regions, with more spending on entertainment and housing, the China Business Daily said. It said that retail
        Reuter  -  120 words
      • Article
        Lock icon China tops with S Korean investors
        78 4 Reuter BEIJING China is South Korea's top investment destination and its third-largest export market. South Korean President Kim Young Sam said, according to yesterday's editions of the official Economic Daily. Mr Kim told the newspaper in an interview in Seoul that his country's total
        Reuter  -  78 words
      • Article
        Lock icon More Taiwan copper for China
        90 4 Knight-Ridder TAIPEI Taiwan is sending 40-50 per cent of overseas sales of refined copper products to China, mostly routed through Hongkong, traders here estimate. China's economic reform programme has sparked increased demand for items such as copper rod, refined copper wire and copper scrap to
        Knight-Ridder  -  90 words
      • Article
        Lock icon More Indon workers in HK
        112 4 Anex-Antara KEDIRI. Indonesia Hongkong seems the likely alternative to Saudi Arabia as a regular importer of Indonesian workers, a local manpower official said. A spokesman of the Kediri Manpower Office said yesterday that many Indonesian female workers had been flocking to Hongkong for the past
        Anex-Antara  -  112 words
    • Article
      Lock icon Li Peng strikes conciliatory tone towards Washington
      198 4 AP BEIJING Chinese Premier Li Peng went out of his way on Tuesday to strike a conciliatory tone toward the United States in direct contrast to his tough talk during US Secretary of State Warren Christopher's recent human rights mission here. But he
      AP  -  198 words
    • Article
      Lock icon China sees phone lines more than treble by year 2000
      371 4 Reuter BUENOS AIRES China expects to more than treble its telephone exchange capacity to 100 million lines by the year 2000. Chinese vice-minister of Posts and Telecommunications Zhu Gaofeng said here on Tuesday. Speaking at a development conference organised by
      Reuter  -  371 words
    • Article, Illustration
      Lock icon Microsoft's Gates meets China's Jiang
      46 4 Reuter iEIJING Chinese President Jiang Zemin holding talks with Microsoft chairman Bill Gates in Beijing yesterday. Mr Gates, battling for official support of his Chinese software, took issue with the Chinese government for not letting the market dictate software standards. Reuter
      Reuter  -  46 words
    • Article
      Lock icon Citicorp caps growth for HK branch
      165 4 Knight-Ridder NEW YORK Citicorp officials told security analysts here late Tuesday that the company has limited its growth imjfongkong because of ChinJAikeover in 1997. Rana Talwar, a Citicorp executive vice-president in charge of consumer banking in the Asia-Pacific region, said: "We've put a cap
      Knight-Ridder  -  165 words
    • Article
      Lock icon Beijing should open stock markets fully: Barings chief
      385 4 Reuter SHANGHAI China's strategy of listing companies on overseas exchanges is flawed and it should instead open its stock markets fully to foreign investors. Barings pic chairman Peter Baring said. "We're not entirely supportive of the idea that Chinese companies get listed
      Reuter  -  385 words
    • Article
      Lock icon 60pc of China's cities hit by worsening water crisis
      236 4 AFP BEIJING China's water crisis is worsening, with shortages hitting more than 60 per eent of cities and costing nearly USSI4 billion (SS22 billion) a year in lost industrial output. The China Daily yesterday quoted Minister of Water Resources Niu Maosheng
      AFP  -  236 words
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  • REST OF ASIA
    • Article
      Lock icon Tokyo officials to discuss market-opening package
      451 5 Reuter TOKYO Japanese officials are going to debate what steps to include in a market-opening package which Washington says is a key to restarting stalled trade talks. But some analysts say the result could be more form than substance. Chief Cabinet Secretary Masayoshi Takemura
      Reuter  -  451 words
    • Article, Illustration
      Lock icon Guess who's coming to dinner
      62 5 Reuter SYDNEY Here's one guest to drop from your party list unless you have cars on your menu. Robosaurus is the world's first "car-nivorous" monster. At the Sydney Showground yesterday it shotted off its mettle eating metal. The 30-tonne, 12-metre tall fire-breathing monster is driven
      Reuter  -  62 words
    • Article
      India reaps US$ 1.5b from public sector sell-offs
      373 5  -  From Shiv Taneja in NEW DELHI INDIA has raised over US$l.5 billion (552.38 billion) since January 1992 by selling nearly 8 per cent of the shares in its governmentowned public sector enterprises, said the managing director of US investment bank Bear Sterns
      373 words
    • Article
      Lock icon India's jewellers expect to boost exports to US$ 1.6b
      280 5 Reuter BOMBAY India's jewellery industry, freed from controls and buoyed by gold reforms, should boost exports five-fold to around US$l.6 billion (552.5 billion) by the turn of the century. "A positive gold import policy put into effect by the government has
      Reuter  -  280 words
    • Article
      Lock icon NZ central bank sure it can keep inflation below 2pc
      220 5 Reuter WELLINGTON New Zealand's Reserve Bank (RBNZ) yesterday said it could keep inflation below 2 per cent while the economy spurted ahead this year, assuming a helping hand from a firm New Zealand dollar. The central bank said in its
      Reuter  -  220 words
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      215 5 GOLm INTERNATIONAL GOLF EXHIBITION CONFERENCES faJ&r »J-iave your swing analysed by the world's most technology, Bridgestone's Golf Asia '94 is by far the largest golf show in the region featuring /A mp JociencefEye. over 200 exhibitors from 20 countries. This show offers you jlr« -fi The latest developments in golf
      215 words
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      156 6 cm We mean business Buy the Toshiba TI9SOCT and get I MICROSOFT OFFlCE™(worth $699) I a PCMCIA HARD DISK (80 MB) (worth $650) I Local-bus video with graphics accelerators 4MB RAM standard 9 40MHz Intel SL-enhancea 486DX2 One 14.5 mm type 111 PCMCIA 2.01 slot SVGA TFT active matrix colour
      156 words
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  • THE WORLD
    • Article
      Lock icon New IMF cash pledge gives Russia vote of confidence
      468 7 Reuter MOSCOW A promise of new cash from the International Monetary Fund has given Moscow a much-needed vote of confidence in its economic policies, but economists say success depends on pushing ahead with painful reforms. A memorandum signed late on Tuesday
      Reuter  -  468 words
    • Article, Illustration
      Lock icon A bakery built for the poor
      63 7 AFP SEVASTOPOL, Ukraine An elderly man looking at his change after buying two loaves of bread in a bakery owned by multimillionaire Sergey Shurygin on Tuesday. The businessman built this bakery for poor people, and sells the bread for ISO coupons. In other shops,
      AFP  -  63 words
    • Article
      Lock icon US banks on green technology to boost exports to Asia
      253 7 AFP WASHINGTON The US plans to promote "green" technology as a means for boosting exports to Asia when regional environment ministers gather this week in Vancouver. The Environmental Protection Agency said in a statement on Tuesday that anti-pollution technology exports
      AFP  -  253 words
    • Article
      Lock icon N-stockpiles of France, China and Britain have peaked: study
      190 7 AFP WASHINGTON The nuclear stockpiles of China, France and Britain have levelled off in the aftermath of the Cold War, reversing previous expectations that their arsenals would increase sharply, a new study made public here yesterday has concluded. Together the so-called
      AFP  -  190 words
    • WORLD WATCH
      • Article
        Lock icon US plans South Asia nuke treaty
        101 7 Reuter WASHINGTON Washington is planning an initiative to help promote security in South Asia, which could include controls on nuclear weapons and the sale of F-16 warplanes to Pakistan, a senior official said on Tuesday. Undersecretary of State Lynn Davis said the proposal would
        Reuter  -  101 words
      • Article
        Lock icon Italy's output seen up 1.7 pc
        123 7 Reuter ROME Italian industrial production should show an unadjusted rise of 1.7 per cent year-on-year in March, says Italian industry association Confindustria. The figure shows a speeding up since February, when the increase was 0.6 per cent from the year earlier. In the first
        Reuter  -  123 words
      • Article
        Lock icon Pergau decision linked to Lord Younger
        125 7 FT LONDON Geoffrey Howe, former British foreign secretary, said on Tuesday that the decision to link an offer of aid for Malaysia's Pergau Dam project with a £1 billion (552.35 billion) defence contract was taken entirely by Lord Younger, his Cabinet colleague in 1988.
        FT  -  125 words
      • Article
        Lock icon Money for jam, Clinton-style
        57 7 Reuter PRAGUE Czech Radio said yesterday it would issue an 18-minute CD recording next week of US President Bill Clinton playing the saxophone at Prague's Reduta Jazz Club in January. The CD, entitled Two Presidents' Jam Session Czech President Vaclav Havel played the drums for a
        Reuter  -  57 words
    • Article
      Lock icon EU ministers fail to break deadlock on voting rules
      382 8 AP BRUSSELS For the third time in less than a month, the European Union's 12 foreign ministers failed on Tuesday to break a diplomatic deadlock that threatens to undermine the organisation's plans to admit four new nations at the start of
      AP  -  382 words
    • Article
      Lock icon German finance minister raps opposition's tax reform plans
      391 8 FT BONN German Finance Minister Theo Waigel on Tuesday denounced the tax reform plans of the opposition social democrats as wrongly calculated and grossly extravagant, claiming they would lead to substantial tax increases for the great majority of taxpayers. Seizing on the
      FT  -  391 words
    • Article
      Lock icon US car, building boom pushes steel imports up 45pc
      342 8 Bloomberg Business News WASHINGTON US steel imports in January rose almost 45 per cent from a year ago as American steel mills continued buying large amounts of foreign semi-finished steel to help fill booming orders from domestic automakers, construction firms and
      Bloomberg Business News  -  342 words
    • Article, Illustration
      Lock icon Stretching out for a cola
      49 8 Reuter SOMALIA, Mogadishu Somali children fighting over a can of cola that a soldier is giving away on the outskirts of the L'N-control led airport on luesday. All LS troops are scheduled to leave Somalia by tomorrow after serving in Operation Continue Hope. Keuter
      Reuter  -  49 words
    • Article
      Lock icon US Senate begins debate on Clinton's five-year Budget
      303 8 Bloomberg Business News WASHINGTON The US Senate on Tuesday began considering President Clinton's USSI.S trillion (552.4 trillion) five-year budget, with a battle brewing over an additional USS26 billion in spending cuts demanded by a Senate committee. A vote on the Budget is
      Bloomberg Business News  -  303 words
    • Article
      Lock icon S Africa gets set to re-enter world capital markets
      301 8 Reuter JOHANNESBURG South Africa is preparing to re-enter world capital markets after an absence spanning much of the past decade. The multi-party Transitional Executive Council overseeing the country ahead of next month's all-race elections has set up a special committee to
      Reuter  -  301 words
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      43 7 Sf*ULCMNG HAWI if-sSSl^^'. iIMB -~s*r. 7/ V V^^BH| < sZ. Z~> lV MM il T7 v^^H w |^k Euroßonus member Lim Han Mm, Sales Executive. Singapore National Printers x#r I The Businessman's AMn*.: ij; CONTACT YOUR TRAVEL AGENT OR SCANDINAVIAN AIRLINES. SINGAPORE 294 1611
      43 words
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      199 8 ON TOP ADVANCED THERAPY HAIR LOSS TREATMENT ON TOP Advanced Therapy System is a complete, safe, effective yet affordable oxygen exchange action effectively revitalizes hair. haircare treatment system specifcally formulated to treat thinning hair. After just one month of ON TOP's complete treatment, you will be able to The System's
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  • SPORTS
    • Article, Illustration
      Lock icon Faldo and Els seek TPC crown
      319 9 Golf AP PONTE VEDRA England's Nick Faldo and South Africa's Ernie Els expect low scores and strong golfing conditions here this week for the USS2.S million (553.9 million) Players Championship. The world's top players have gathered here in a tuneup two weeks before the
      AP  -  319 words
    • SPORT SHORTS
      • Article, Illustration
        Lock icon Basketball
        124 9 NYT AFP NEW YORK Vlagic Johnson has returned to the NBA as head coach of the Los Angeles Lakers. The team confirmed this on Tuesday. He will replace Randy Pfund. Despite a recent one-year contract extension from Lakers' owner Jerry Buss. Pfund was on shaky ground while Johnson, still
        NYT; AFP  -  124 words
      • Article, Illustration
        Lock icon Hockey
        18 9 AFP LAHORE, Pakistan 16th Champions Trophy tournament yesterday: Netherlands 5 Britain 2: Australia 5 Spain I. AFP
        AFP  -  18 words
      • Article, Illustration
        Lock icon Ice hockey
        45 9 AP NEW YORK NHL Tuesday: Washington 4 Hartford I: Detroit 3 Chicago I; Qucbec 5 Boston 3; San Jose 2 Pittsburgh 2: NY Islanders 5 Tampa Bay 4; Philadelphia 6 St Louis 3: Dallas 4 Anaheim 3: NY Rangers 4 Calgarv 4. AP
        AP  -  45 words
      • Article, Illustration
        Lock icon Ice skating
        97 9 AP PORTLAND, Oregon An attorney for Tonya Harding denied reports on Tuesday that the figure skater wants to compete in the World Professional Championship to be held in Paris this May. Bob Weaver said Harding may want to return to skating sometime in the future, but not as
        AP  -  97 words
      • Article, Illustration
        Lock icon Tennis
        162 9 Reuter AP LONDON Indian tennis experts frankly expect the national side to be whitewashed by former champions the United States in the Davis Cup first round this weekend. But the Americans, led by top-10 players Jim Courier and Todd Martin, are not taking victory for granted. Though they have
        Reuter; AP  -  162 words
      • Article, Illustration
        Lock icon Swimming
        114 9 AP SHEFFIELD, England British swimmer Mark Foster, who tied and then broke his own shortcourse 50m butterfly world record over four days, thinks his speciality deserves more recognition. Foster clocked 23.685 ec in the event here on Tuesday. 0 .04sec off the time he swam on Saturday in Gelsenkirchen.
        AP  -  114 words
    • Article
      Lock icon NFL owners set new rules for next season
      317 9 AFP ORLANDO. Florida National football League (NFL) owners punished kiekers for their reeord success rate and added a two-point conversion option for touchdowns here on Tuesday. The changes follow a record season for field-goal accuracy and field goal attempts. Critics said the
      AFP  -  317 words
    • Article, Illustration
      Lock icon England heading for a blackwash
      537 9 AFP GEORGETOWN. Guyana England skipper Mike Atherton hit hack immediately after his side crashed to an innings and 44 runs Test humiliation against the West Indies here on Tuesday. This puts the home side 2-0 ahead in the five-match series following their eight-wicket win in
      AFP; Reuter  -  537 words
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      Page 10 Advertisements Column 2
      188 10 WHERE TO WINE, DINE AND ENTERTAIN Japanese Lunch Dinner Buffet 1-31 March At our Japanese Buffet, you can help yourself to the wide range of dishes. Enjoy Cha Soba, Tempura, Chawan Mushi, Sushi and many more. Adult: $18.50++ Child $12.00++ Gate Plaza Mrnu <*««« Plaza Hotel 1 IUAU >rjr»tod f
      188 words
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      Page 10 Advertisements Column 3
      357 10 Savour South African dishes at Chatterbox from 15 to 2b 'March during the South African 'Jood llHne 'Promotion. 'With chefs specially floum in from 'The Cad ton, Johannesburg, you re in for a mouth watering treat. 'Don t miss it! Coftee Shop Date I 5 2* March 94 ,t, floor
      357 words
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  • LIFESTYLE
    • Article, Illustration
      Lock icon Spielberg takes a sabbatical
      642 11  -  What will Steven Spielberg do next now that he has won his Oscars? Hell do nothing, says John Horn John Horn AP NOW that Steven Spielberg finally got his Academy Award, he's in a position to do anything. So he'll do nothing. The director of Monday's
      AP; Reuter  -  642 words
    • Article, Illustration
      Lock icon Arthur bashed girlfriend?
      458 11 CHAtTEftBOX AP UPI AP UPI UPI DUDLEY MOORE left home in handcuffs after a girlfriend told police the star of 10 and Arthur roughed her up. The British-born actor was booked for investigation of domestic abuse on Monday and released on bail. The district-attorney's office will decide
      AP; UPI  -  458 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      159 11 I J Wh*9aga.%.& lo Sfy} or not toSfag? when you jk can your f\ Meetings A r\ k Luncheons Exhibitions^B^B^^^y^Ogl^B^^^By Receptions Functions FIJ I I TalkS I I strategically located outside the CBD I I Wv with close proximity to Orchard Road and Shenton Way. For enquiries, please call us
      159 words
  • Page 11 Miscellaneous
    • Miscellaneous
      Page 11 Miscellaneous Column 1
      1213 11 TV RADIO HTnBQH BT Let It Ride, 8.30pm, SBC 5 B > XjpSfl Richard Dreyfuss is a compulsive gambler who finds that he can pick the winners at the race track. Ten Garr backs him in this 1989 comedy. 60 Minutes, 9pm, SBC 12 A covert operation in which **^^Jfe<mBFeM
      1,213 words
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  • INNOVATION & TECHNOLOGY
    • Article, Illustration
      Firm waves US$ 250,000 'gift' at manufacturers
      384 12  -  Joycelyn Shu on GEC Plessy's offer to those who want to make pagers Joycelyn Shu GEC Plessy Semiconductors (GPS), a worldwide leader in electronic components and wireless communications, is offering a U*****.000 (*****.000) "technology gift" to Asian companies interested in entering the pager
      384 words
    • Article
      Lock icon MSG not the culprit, doctors claim
      468 12 AP SOME doctors in Washington are proclaiming they've debunked the theory that the flavour enhancer MSG makes people sick but their patients don't believe them. So scientists have a problem: how to find another culprit if the patients won't cooperate. "It's frustrating." said Dr
      AP  -  468 words
    • Article, Illustration
      Lock icon Angry outbursts can trigger heart attack, says study
      447 12 AP PEOPLE with heart disease more than double their risk of a heart attack when they get angry, and the danger lasts for two hours, researchers have reported. Other studies have shown that anger increases the heart rate, boosts high blood pressure
      AP  -  447 words
    • IT TAKES
      • Article
        S-t-r-e-t-c-h-i-n-g battery lives
        65 12 SINGAPORE Ever lamented having to throw away your old alkaline batteries after use? Now you don't have to. with the new Buddy L Super Charger. which is marketed here by Regency Marketing. Tested to meet safety requirements in the US. Canada and Europe for battery chargers, the
        65 words
      • Article
        Weapons designed not to kill
        107 12 WASHINGTON To some, weapons that do not kill might appear to be a public relations gift. But not to the US Department of Defence. Its non-lethal weapons programme is supersecret. kept from the gaze of all but a few members of Congress. the journal .\en
        107 words
      • Article
        Lock icon Scientists work on super-aphrodisiac
        88 12 AFP LONDON Scientists working for a US pharmaceutical company have made a breakthrough in developing a superaphrodisiac that may "reinvigorate the sex lives of millions of men", the Sunday Times reported in its latest edition. The product, known scientifically as R*****5 and to be taken as
        AFP  -  88 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      102 12 jjjjjj^ a %'fw York's untraditional Frenchman at a*. Jean-Georges Vongerichten, owner of three of New York's most renowned restaurants, the Lipstick Cafe, JoJo and Vong, has become legendary for his exquisite lighter cuisine. From March 23rd March 26th, sample some of Jean-Georges s culinary creations at Maxim s, such as
      102 words
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      Page 12 Advertisements Column 2
      362 12 ffl»T twatit t nvmn entries. |Jj|l rl I I r1 I\ I H at S cience and Technology Board invites |<l/ll il l I II II I 111 ill nominations for the annual Science Technology IJ2.\.V/ I A 11 111 A 1 \J I J Awards to be conferred during
      362 words
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  • THE LAW PAGE
    • Article, Illustration
      Lock icon Gunslinging in Texas courts is dead
      1045 13 New ruling stops lawyers from reaping lucrative punitive damages awards against big companies Bloomberg Business News FOR YEARS. Texas trial lawyers have jealousl\ guarded the romantie image of gunslingers who never shirk from doing battle against rich, out-of-state corporations. But this macho swagger may
      Bloomberg Business News  -  1,045 words
    • Article
      Safe-keeping conveyancing money
      270 13 atthe baß SOLE proprietors, it seems, are more likely than larger law firms to yield to temptation and misappropriate clients' money. And to prevent this, a Law Society of Singapore subcommittee on small firms is recommending that the society become the custodian of conveyancing money for one-man
      270 words
    • Article
      Khattar Wong expands 'within'
      235 13  -  By Conrad Raj EVERYBODY now wants to go regional. And while some are going to such places as China, Vietnam and Myanmar. Singapore's largest law firm. Khattar Wong Partners, has decided to expand in its own backyard. The firm, which late last year opened an office
      235 words
    • Article
      Lock icon Give us credit where it's due, US junior lawyers demand
      447 13 NYT BLFORE becoming a lawyer. Andrew Spark sold time shares in Florida condominiums. It was a nastv business: and it left Mr Spark sensitive about consumer fraud. That, he sa>s. is whv he recentlv sent Theodore Fastmoo re. president of
      NYT  -  447 words
    • Article
      Top arbitrators to speak at legal conference
      200 13 SOME of the worlds top arbitrators will speak at a one-day conference in Singapore next month. The list of speakers, which reads like a Who's Who of arbitration. includes England's Master of the Rolls Sir Thomas Bingham, who is also president of the
      200 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      350 13 Lets look at the health ot the average company. Easy Cash and Easy Asset. The easy way to monitor your company s health! L <e a mar He can lock 'ea good Doesn t snofe drink or have a history of serious With Easy Cash and Easy Asset aH you
      350 words
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      Page 13 Advertisements Column 2
      315 13 HONG LEONG FINANCE LIMITED SINGAPORE "NANCE LIMITED Congratulations Winners Of The March 94 Premium Gift Voucher Lucky Draw And The Premium Plus Lucky Draw! p REMRJM g,ft Voucher Lucky Draw Ist Prize: 2nd Prize: 3rd Prize: $50,000 CASH $20,000 CASH $8,000 CASH AA*****6 AA*****3 A *****55 4th Prize: $3,000 CASH
      315 words
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  • Article
    The Fed's excessive caution
    500 14 EDITORIAL BY TAKING action on Tuesday to raise the US Fed funds rate for the second time in less than seven weeks, the US Federal Reserve Board would appear to have erred somewhat excessively on the side of caution. The consensus in US financial circles seems
    500 words
  • WHAT THE OTHERS SAY
    • Article
      North Korea acts up again
      240 14 NORTH KOREA'S decision last week not to allow international inspectors to take samples from one of its declared atomic facilities has sharpened the nuclear controversy on the Korean peninsula. Despite this, the US and its allies should pursue patient diplomacy, while signalling to North Korea
      240 words
    • Article
      Support for the poor
      153 14 A CLASSLESS SOCIETY only exists in Utopia. Without being apologetic, Singapore recognises that 20 per cent of its citizens belong to the underclass or the lower-income group. How to help them without giving the wrong signals is a great challenge for the government, which has avoided
      153 words
    • Article
      Not a very fruitful visit
      187 14 JAPANESE Premier Hosokawa's recent visit to China was. naturally, watched closely by the world since it took place at a time when Asia is rising in prominence and relations between Japan. China and the United States are delicate. However, his three-day visit did not bring
      187 words
    • Article
      Fear of invalid contracts
      109 14 IF THERE IS one thing guaranteed to undermine business confidence in Hongkong, it is the fear however remote the actual possibility that the post--1997 government will fail to honour the present administration's contracts. In theory, the future Special Administration Region (SAR) government could renege on Joint
      109 words
    • Article
      The West must change
      180 14 YES, we do believe that the gusting winds in Honolulu when the 18 finance ministers from the Asia-Pacific Economic Cooperation (Apec) forum had their one-day weekend meeting could very well be symbolic of a gradual change in the perceptions and attitude of the US and. we
      180 words
    • Article
      Thai boost for the region
      157 14 DEPUTY Finance Minister Trairong Suwankhiri's announcement that the government is planning to use its foreign exchange reserves to fund development loans to its neighbours is a sign of Thailand's growing wealth and political maturity. The main aim of the plan is to spur sub-regional economic
      157 words
  • Article, Illustration
    Lock icon People who live in glass houses...
    729 14  -  Gregory Clark says the West has no right to lecture other nations on how to organise themselves when its own democratic systems are crumbling Gregory Clark The writer, a former Australian diplomat, is a specialist in Chinese-Soviet affairs. He is now a professor of
    IHT  -  729 words
  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      118 14 If I Wanted Just Any Recorder I'd Have Gotten A Parrot SB* Kvordme pki\Kick ahhf\. In. unma Mod pon.ihilir. a ;h. O'UMtler hand;. tunotionv Cue M.iikiiij tu-s anahle IK <■ °ntri >1 okc V iu.ii<threshold uik t< >phone :t\ !e\ eiv and I'.isi-l-or-A.ird M>>nitorui;j imic. Ihetmx 1 -li X >
      118 words
  • Page 14 Miscellaneous
    • Miscellaneous
      Page 14 Miscellaneous Column 1
      68 14 BUT VOU <e£p| (f\s t U>F\LK *mtotwis PLACER /e>R\STOLJ sou] bUMPuJG \NTO \j£.VeRS "T^'NG GO£/5 e>LAC< 7 \J-" C ASSOCIATtO MEWSP*J»£RS LTD I*2 1»»4 fo, j POONESBURY GARRY TRUDEAU CONGRESSMAN, DON7UE <VHY DOUBNttt> THE SMOKE- \\M DO YOUR£ALVf BEUEVE ALREADY HAVE ENOUGH BANS FREE ENVIRONMENTAL ACT* H THE AMERJCAN PEOPLE
      68 words
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  • ANALYSIS
    • Article, Illustration
      What South Asia must do to forge ahead
      1155 15  -  South Asia's economic progress pales beside South-east Asia's. While William James says Saarc needs to open borders adopt marketonented trade and investment policies, and overcome internal conflicts, J B Kelegama discusses lessons Saarc can pick up from Asean William James J B
      1,155 words
    • Article, Illustration
      Sapta has to create new trading opportunities
      905 15 THE MOST Striking feature of trade among the countries of South Asia is its relative smallness and insignificance less than 3 per cent of its world trade. Asean intra-trade. on the other hand, forms about 16 per cent of the area's international trade.
      905 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      199 15 J t *1 t* M M *M F, -2 3Eg> IMSMfJI U Vit Itwe&tax a of\ |I j* rfftattc remmz... J Wellington Point .ur. Enjoy bayside lifestyle at Wellington Point bordering Raby Bay an aquatic Enjoy sailing over 365 nearby islands, water skiing, fishing, crabbing second to none, swimming, tennis,
      199 words
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  • Article
    Lock icon France, US want world body to act against cheap labour
    512 16 Reuter PARIS France and the US agree the Gatt world trade body's successor should enforce labour rules to prevent poor countries from exporting low-cost goods made by exploited workers, officials said yesterday. Paris and Washington have held talks over the
    Reuter  -  512 words
  • Article
    Lock icon US durable goods orders for February down 2.5 pc
    355 16 AP WASHINGTON Orders to US factories for durable goods fell a larger-than-expected 2.5 per cent in February, the first decline since last July. The Commerce Department yesterday said it was also the largest drop since a 2.8 per cent fall in
    AP  -  355 words
  • Article
    Lock icon UK rates set to fall but analysts see delay in timing
    321 16 Reuter LONDON British base lending rates look set to fall, but analysts say the unexpectedly large rise in inflation in February will make the authorities put oflf a cut until an improvement is seen. "The numbers have pushed things
    Reuter  -  321 words
  • Article
    Lock icon EU expects economic growth to reach 3pc in 1996
    247 16 Reuter BRUSSELS The rate of economic growth in the European Union should climb to about 3 per cent in 1996. but unemployment will not start falling from record levels until the following year. The European Commission, in its annual report for
    Reuter  -  247 words
  • Article
    Lock icon The worst is over for global bond markets but nerves still on edge
    556 16 Rise in prices modest as signs of problems ahead loom Reuter LONDON Nerves are still jangling in the world's government bond markets even though the panic that gripped them earlier this year has receded. analysts say. "I
    Reuter  -  556 words
  • Article, Illustration
    Lock icon Meeting with the enemy
    64 16 AFP SKOUL I hat is what these elderly South Koreans think their country's president is doing. The men carried anti-Japanese banners at a small rally here yesterda) to protest against President Kim Young Sam's trip to Japan. With memories of the Japanese occupation of Korea still
    AFP  -  64 words
  • Article, Illustration
    US' interventionist agenda in Pacific will not work
    909 16  -  The Bottom Line LEON HADAR LEON HADAR The writer is BT's Washington correspondent NEWS reports from Honolulu, where the 18 finance ministers of the Asia-Pacific Economic Cooperation (Apec) forum ended after two days of talks last Saturday, reflected a certain euphoria on
    909 words
  • Article
    Lock icon Foes and friends of Yeltsin scotch talk of his ill health, coup
    344 16 Reuter MOSCOW Foes and friends of President Boris Yeltsin acted separately to stop the rumour mill on Tuesday, dismissing talk that he was ill or about to be overthrown. Prime Minister Viktor Chernomyrdin said rumours that Mr Yeltsin
    Reuter  -  344 words
  • Article
    Lock icon Japan, S Korea hit out at Super 301
    271 16 Reuter GLNEVA Japan and other major trading powers yesterday denouneed the United States* Super 30! legislation permitting President Bill Clinton to authorise unilateral sanctions, trade sources here said. But the American delegation defended the executive order as being "fully consistent" with the
    Reuter  -  271 words
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  • COMPANIES & MARKETS
    • Article
      Haw Par profit up 41pc on surge in investment income
      453 17  -  Reports by Genevieve Cua SINGAPORE Haw Par Brothers International announced strong year-end results yesterday, with net earnings climbing 41 per cent due mainly to a surge in investment income. Group after-tax profit was $28.7 million on an 8 per cent
      453 words
    • Article, Illustration
      Plans for bowling centres in China, Indochina
      361 17 SINGAPORE Haw Par Brothers International is tying up with a leading US bowling equipment manufacturer to set up a chain of bowling and recreation centres in China and Indochina. The 50-50 joint venture with Brunswick Bowling and Billiards Corp aims to set up
      361 words
    • Article
      Liang Court to acquire Wuthelam Investments
      392 17  -  By Abdul Hadhi SINGAPORE Liang Court is acquiring Wuthelam Investments, a Singapore holding company owning 11 Malaysian subsidiaries, for 546 million. In a statement yesterday, Liang Court said seven of the 11 subsidiaries held residential, commercial and industrial property for investment and development in
      392 words
    • Article
      Rally in regional markets not a sign of strength
      666 17  -  HOCK LOCK SIEW *> y By S N Yasuki SINGAPORE Conventional wisdom has it that higher interest rates are bad news for stock markets. When interest rates rise, investors naturally gravitate towards fixed-income securities. The returns on stocks look less appealing
      666 words
    • Article
      UOL chalks up 25pc rise in net earnings
      293 17  -  By Lilian Ang SINGAPORE Higher rental and investment ineome pushed up United Overseas Land's net earnings 25 per cent to $41.04 million for the year to Dee 31, 1993. The property-based group, which announced its results yesterday, said turnover was 10 per
      293 words
    • Article
      Hotel Plaza posts 21.6 pc decline in profit
      188 17 SINGAPORE United Overseas Land's listed hotel arm Hotel Plaza yesterday reported a 21.6 per cent drop in net earnings to $9.53 million for the year to Dec 31. It blamed the decline on poorer contributions from hotel operations, which were hit by
      188 words
    • EYE on your STOCKS
      • Article, Illustration
        MARKET MOOD
        42 17 Firm Market MihhJ indicates the likely trading sentiment unlaw leased on brokers pilled at yesterday Overnight events may alter sentiment Hrokers [tolled tkuwu. (IK (ioh. Morgan iircnfeU. Phillip. Smith \ew Court lat l ee. H Carr and SCi W arburg
        42 words
      • Article, Illustration
        HOT STOCK
        136 17  -  By Quak Hiang Whai Lien Hoe Corporation yesterday rose 33 cents to 52.88 on a volume of 1.26 million shares. The stock has been one of the biggest losers, having fallen from its 1993/94 high of 54.44. The daily charts look good with the MACD directional indicator showing
        136 words
    • COMPANIES
      • COMPANY BRIEFS
        • Article
          Promet sets up firm to invest in China
          87 18 SINGAPORE Promet Bhd has formed a company in Singapore. Yantai Shipyard (Singapore) Pte Ltd. to take a stake in a shipyard in China. Promet will take an 80 per cent stake in the new company, with Airtrust Pte Ltd and Promet chairman
          87 words
        • Article
          Lock icon Zalik's profit surges 665 pc
          118 18 Bernama KUALA LUMPUR Zalik Bhd has recorded a 665 per cent jump in group consolidated profit to M 590.5 million (5552.5 million) for the six months ended Dec 31. 1993. from MSI 1.82 million previously. Zalik. part of the Hong Leong group, is mainly involved
          Bernama  -  118 words
        • Article
          Lock icon Astra earnings climb 62pc
          112 18 AFP JAKARTA The consolidated net profit of Indonesia's second largest business group, PT Astra International, rose 62 per cent to 132.37 billion rupiah (5596.6 million) in 1993, the company said yesterday. In its consolidated financial statement, published in newspapers here. Astra said net profit was 132.37
          AFP  -  112 words
        • Article
          Approval for OUS bonus issue
          43 18 SINGAPORE Directors of Overseas Union Securities said yesterday they had obtained in-principle approval for a one-for-four bonus issue. The issue is now subject to shareholders' approval, which will be sought at an extraordinary general meeting to be convened.
          43 words
        • Article
          Transmarco sells Special Time stake
          51 18 SINGAPORE Main board-listed Transmarco said yesterday that its wholly owned subsidiary Transmarco (HK) had sold its entire 60 per cent stake in Special Time. Transmarco (HK) sold its 1.8 million ordinary Special Time shares for HKSI.2 million (*****,600) cash. Special Time is a Hongkong watch
          51 words
        • Article
          New chairman for RMCA Re
          56 18 SINGAPORE RMCA Reinsurance said yesterday that Lock Sai Hung had resigned as chairman and a director on Monday. Mr Lock also relinquished his post on the audit committee. Chan Seek Chun has replaced Mr Lock as chairman. Mun Cheong Fai has been appointed a director
          56 words
      • Article
        UNIT TRUSTS & FUNDS
        506 18 UNIT TRUSTS FUNDS Mwgen' priccs Mar 24 liS Gr Fund 108 I I 2** Singapore Unit Trust UMB Invest Mgt Ltd The Commerce 1.63 1.71 [tl The Savings Fund 148 1.55xd 02 05 S pore Prog Fund 0.69 0 72 United Gr Fund 60 166 S pore Sec Fund 1.02
        506 words
      • Article
        Anand's Saha Union plans enemy ventures in China
        390 18  -  From Loh Hui Yin in BANGKOK SAHA Union, the Thai trading group headed by former prime minister Anand Panyarachun. is powering its way into the energy sector in China. It will build and operate six joint venture power plants there, including one
        390 words
      • Article, Illustration
        Small investors win big in Teck Wah share offer
        214 18 SINGAPORE Small investors were allotted nearly half the shares offered by Teck Wah Paper Products in its initial public offering. Applicants for between one and nine lots collected 43 per cent of the 13.4 million shares available to the public for
        214 words
      • Article
        Thai shares surge 4pc on easier margin trading rules, US rate hike
        174 18  -  From Loh Hui Yin in BANGKOK THAI shares went up almost 4 per eent yesterday, after stock market regulatory authorities relaxed rules on margin trading. The easing of margin trading requirements, allowing investors to use promissory notes and
        174 words
      • Article
        S'pore Electronic & Engineering profit climbs 16.5 pc
        297 18  - S'pore Electronic Engineering profit climbs 16.5 pc By Abdul Hadhi SINGAPORE Singapore Electronic Engineering Ltd (Seel) posted a 16.5 per cent rise in group after-tax profit to $4.92 million for the vear to Dec 31. 1993. Releasing its results yesterday, the group, which is in electronic systems integration and related
        297 words
      • Article
        S'pore bourse will trade higher after consolidation: GSI
        363 18 SINGAPORE The Singapore stock market will trade higher after its consolidation in the current quarter, says General Securities Investments Ltd in its latest annual report. The listed closed-end fund operated by DBS Bank says investors' interest will then focus on stocks whose
        363 words
      • Article
        SemAuto, US firm in marketing venture
        148 18 SINGAPORE Sembawang Automation (SemAuto) of the Sembawang Shipyard group yesterday announced that it had launched a new joint venture company with Sperry Marine Inc of the US. The new company. Sembawang SMI Asia (SSMI). is 70 per cent owned by SemAuto. The other 30
        148 words
      • Article
        S'pore Finance to raise $152 m with rights, bond issues
        396 18  -  By Quak Hiang Whai SINGAPORE Singapore Finance Ltd. the listed subsidiar> of Hong Leong Finance, plans to raise about Sis 2 million with a three-for-10 rights issue and a bond-cum-warrant issue. The company also plans to reward shareholders with a
        396 words
      • Article
        Yaohan, Wal-Mart tie up to sell discount goods in S'pore
        268 18  -  By Sylvia Wong SINGAPORE Japanese retailer Yaohan has joined forces with America's WalMart Stores to sell the US giant's discount goods at its Singapore outlets. This makes Wal-Mart the second big discount retailer to gain a foothold in the local
        268 words
      • Article, Illustration
        Wharf all set for surge in rental income this year
        548 19  -  From Catherine Ong in HONGKONG WHARF (Holdings), one of Hongkong's most forward looking conglomerates, is heading for a surge in rental income this year after reporting solid earnings for 1993. Net attributable profits rose 33 per cent to HK52.726 billion
        548 words
      • Article
        Lock icon Cathay Pacific to buy 75 pc stake in Air HK
        133 19 Reuter HONGKONG Shun Tak Holdings Ltd said yesterday that it has agreed to sell a 75 per cent stake in Air Hong Kong to Cathay Pacific Airways Ltd. The company did not disclose the value of the stake. Air Hong
        Reuter  -  133 words
      • Article
        Jardine's delisting in HK may move trading of stock to S'pore
        508 19  -  Jardine group in the spotlight By Amy Balan SINGAPORE The delisting of Jardine Mathcson Holdings shares in Hongkong could shift trading of the stock to Singapore but the jury is still out on whether this will happen. "It's too
        508 words
      • Article
        Lock icon Investment unit's surge in earnings pushes up net profit by 23 pc
        228 19 Bloomberg Business News HONGKONG Jardine Matheson Holdings, said net profit rose 23 per cent to USS3BB.B million (*****.1 million) in 1993. chiefly because of surging earnings at the investmentbank unit Jardine Fleming Holdings. Jardine Matheson had a profit
        Bloomberg Business News  -  228 words
      • Article
        Lock icon Guoco, Sino Land or Amoy may be replacement in Hang Seng Index
        236 19 Reuter HONGKONG Guoco Group. Sino Land Co. and Amoy Properties are possible candidates to replace Jardine Matheson Holdings Ltd in the blue chip Hang Seng Index, analysts said. Jardine Matheson. which comprises 2.41 per cent of the Hang
        Reuter  -  236 words
      • COMPANY BRIEFS
        • Article
          Lock icon Jusco to buy into store operator
          53 19 Bloomberg Business News TOKYO Major Japanese supermarket operator Jusco Co yesterday said it will acquire a 15 per cent stake in Nakasan. an Aomori prefecture-based department store operator. The two companies will jointly open new stores, procure merchandise and exchange management personnel. Jusco said
          Bloomberg Business News  -  53 words
        • Article
          Lock icon R H Macy directors endorse valuation
          85 19 Reuter NEW YORK R H Macy and Co's directors approved valuation of the company, which is in bankruptcy proceedings, at USS3.S billion (555.5 billion), people familiar with the board's discussions told the Wall Street Journal. Some of the retailer's bondholders wanted a higher valuation,
          Reuter  -  85 words
        • Article
          Lock icon Air France sells duty-free shop chain
          96 19 Bloomberg Business News LONDON Air France has sold its chain of duty-free shops Saresco to Vaturi-Pernod Ricard-Elig. a retail group, the Financial Times reported. Air France's catering subsidiary Servair holds a 60 per cent stake in Saresco. the remaining 40 per cent share being
          Bloomberg Business News  -  96 words
      • Article
        Lock icon Taiwan's biggest privatisation exercise in two years flops
        495 20 Reuter TAIPEI Taiwan's largest privatisation exercise in nearly two years a public olTer of 288 million shares in China Steel Corp has Hopped amid a severe slump in the stock market. Only 5.7 per cent of the shares had been bought by
        Reuter  -  495 words
      • Article
        Lock icon Microsoft, NTT in distribution tie-up
        231 20 AP TOKYO US software giant Microsoft Corp and Japan's Nippon Telegraph and Telephone Corp have agreed to jointly develop ways of distributing multimedia service* over communications networks, including office computer networks. company officials said yesterday. "We're working together to build the infrastructure for multimedia distribution,"
        AP  -  231 words
      • Article, Illustration
        Lock icon Stock meltdown
        57 20 AFP ARNEBURG, Germany A welder cutting tank-tracks from the stock of the former East German National People's Army on the grounds of the Altmark Industries company on Tuesday. A total of 210 mortars, 156 field howitzers and 61 self-propelled guns have been melted down in the company's blast
        AFP  -  57 words
      • Article
        Lock icon Five charged in US raid on firm linked to Spectrum
        499 20 Reuter NEW YORK An investment company founded bv the president of Spectrum Information Technologies Inc was raided on Tuesday and five people were arrested on federal charges that the firm bilked small companies looking for capital. According to a federal
        Reuter  -  499 words
      • Article
        Lock icon Taiwan's Hualon to invest US$ 247m in Vietnam
        135 20 AFP TAIPEI Taiwan's textile and electronics giant, the Hualon group, will invest USS247 million (*****.3 million) in a textile complex in Vietnam, company officials said yesterday. The project, which will be made through the conglomerate's Malaysia subsidiary. Hualon Corp (M) Sdn Bhd.
        AFP  -  135 words
      • Article
        Lock icon Otis Elevator to step up China investment
        313 20 AFP BEIJING US elevator giant Otis is to invest a further USSI2.3 million (5519.4 million) in its Tianjin plant, renewing its commitment to the booming Chinese market despite concerns over June's renewal of most-favoured nation (MFN) trade status. Otis, a subsidiary of United
        AFP  -  313 words
      • Article
        Lock icon India's L&T hopes to treble turnover
        684 20 Engineering giant plans ahead amid takeover struggle Reuter BOMBAY If a battle for its control docs not upset plans, engineering giant Larsen and Toubro Ltd (L&T). target of India's longest-running takeover struggle, hopes to treble its turnover by the end of the decade. L&T.
        Reuter  -  684 words
    • FINANCE & COMMODITIES
      • Article, Illustration
        Lock icon Do more to quell inflation fears: economists
        522 21 US Federal Reserve's interest rate hike Many believe the Treasury market will remain vulnerable as long as the Fed tightens credit in tiny steps Reuter NEW YORK The Federal Reserve's announcement that it would increase interest rates calmed a nervous US Treasury market,
        Reuter  -  522 words
      • Article, Illustration
        Lock icon Rate announcement not a precedent: analysts
        429 21 Reuter NEW YORK Now that financial markets know what interest rate changes the US Federal Reserve opted for at its March 22 policy-setting meeting, the question is, has it changed the way it communicates those changes? For the second time in as many meetings,
        Reuter  -  429 words
      • Article, Illustration
        Lock icon Analysts predict higher rates on everything
        416 21 AF Reuter WASHINGTON The Federal Reserve may not be slamming the brakes on the economy. but it is easing off the accelerator. As a result, consumers and businesses can expect interest rates to rise. After the Fed's announcement on Tuesday that it was tightening
        AF; Reuter  -  416 words
      • Article
        Lock icon What's inflation got to do with it?
        515 21 NYT NEW YORK If inflation is under control and by most accounts it seems to be why did the Federal Reserve raise short-term interest rates on Tuesday? One reason may be that the Fed sees inflationary pressures that normal mortals do not. But
        NYT  -  515 words
      • Article
        Lock icon US investors may regret getting out of foreign stocks
        555 21 AP NtW YORK. It the Dow Jones Industrial Average were to fall 27 per eent in three months. Wall Street would know what to call it: a hear market. But in many naturallv volatile foreign stock markets, a 27 per eent
        AP  -  555 words
      • Article
        Lock icon Prudential eyes markets in E Asia, S Pacific, China
        463 22 Reuter LONDON Leading UK lifeassurer Prudential Corp pic said it aims to expand in East Asia and the South Pacific and sees long-term possibilities in China. "China is potentially a very important market Tor us." chief executive Mick Newmarch said in
        Reuter  -  463 words
      • Article
        Global turnover of factoring industry down 1.3 pc
        208 22 SINGAPORE The global turnover of the factoring industry slipped 1.3 per cent to USS26I billion (*****.6 billion) last year, according to Factors Chain International, a global network of factoring companies. But despite the drop, the industry' has more than quadrupled in size
        208 words
      • Article, Illustration
        Prudential Asia's venture capital unit invests in Indon trucking firm
        261 22  -  By Soh Tiang Keng A JAKARTA-BASED venture capital company owned and managed by Prudential Asia has made its first major investment in Indonesia. Pama Ventura Indonesia subscribed to 14 billion rupiah (5510.2 million) worth of convertible bonds issued by a
        261 words
      • Article, Illustration
        Lock icon UK rate cut needed to add sparkle to sterling: analysts
        465 22 Reuter LONDON The sparkle has certainly gone out of sterling since the beginning of the year and financial analysts say it needs a growth-boosting cut in interest rates to perk it up a bit. "The major currencies are trading on
        Reuter; Source: Tele Trac  -  465 words
      • Article
        Lock icon Lehman loses 30 pc of Asian bond unit
        210 22 Bloomberg Business News HONGKONG Just as Asia's emerging bond market is starting to hit full stride. Wall Street investment bank Lehman Brothers Securities has suffered a series of defections from its bond underwriting and sales operation in Hongkong. During the last two-and-a-half
        Bloomberg Business News  -  210 words
      • SMALL CHANGE
        • Article
          Lock icon Beijing top centre in treasury futures
          84 22 Bloomberg Business News HONGKONG The Beijing Commodity Exehange has become China's trading centre for treasury bond futures, registering 60 million yuan (5510.9 million) of turnover each day. the official China Daily reported. The exchange has recorded a total transaction value of 1.3 billion yuan
          Bloomberg Business News  -  84 words
        • Article
          Lock icon Buyout inquiries for Lomas
          61 22 Bloomberg Business News DALLAS Mortgage company Lomas Financial Corp. which has been struggling since emerging from bankruptcy in January 1992. has hired Salomon Brothers Inc to assist in its sale or merger. Lomas said on Tuesday it hired New York-based Salomon after receiving buyout inquiries from
          Bloomberg Business News  -  61 words
        • Article
          Lock icon Skandia signs pact with Royal Insurance
          78 22 Bloomberg Business News STOCKHOLM Swedish insurance group Forsakrings AB Skandia has signed a cooperation pact with Royal Insurance Global, a unit of UK insurance company Royal Insurance Group. Under the agreement. Skandia will supply insurance services to Royal Global's customers in Sweden. Norway and
          Bloomberg Business News  -  78 words
        • Article
          Lock icon ARIG Bahrain insurance to cover banks
          81 22 Reuter MANAMA Bahrain-based Arab Insurance Group BSC (ARIG) said it would next week unveil a new insurance scheme offering commercial banks comprehensive insurance. ARIG. one of the Arab world's largest insurance firms, said it would disclose the scheme at the Gulf economic forum in
          Reuter  -  81 words
        • Article
          Lock icon Premier Bancorp acquires Louisiana banks
          70 22 Bloomberg Business News BATON ROUGE. Louisiana Premier Bancorp Inc has agreed to acquire two Louisiana banks in stock-swap transactions worth at least USSI(X).X million (SSI 60 million). The Baton Rougebased bank holding company agreed to acquire all of Heritage financial Corp's 546.074 shares outstanding by
          Bloomberg Business News  -  70 words
        • Article
          Lock icon Woman is Bank America vice-chairman
          52 22 Reuter SAN FRANCISCO Bank America Corp has named Kathi Burke a vice-chairman. Ms Burke. 42. had been group executive vice-president and director of corporate human resources for Bank America. which she joined in 1942. Bank America said she becomes the highest-ranking woman officer in the
          Reuter  -  52 words
      • Article
        Lock icon Japanese banks' bad loans likely to hit 14 trillion yen
        201 22 AFP TOKYO Bad loans by Japan's 21 major hanks arc expected to reach some 14.1 trillion yen (*****.5 billion> at the end of this month, up 2.5 per cent from six months before. a report said yesterday. The rate of
        AFP  -  201 words
      • Article, Illustration
        Banque Indosuez REGIONAL CURRENCY REPORT
        171 22 THE USS majors traded sideways yesterday after heavy activity in New York. Reports that Russian President Yeltsin was sick caused a flurry of USS buying activity hut the rumours were soon denied and the market settled hack into trading range. A barrage of other news
        171 words
      • Article
        Lock icon London
        189 22 Reuter LONDON The dollar was barely changed from Tuesdav's closing levels after a quiet European session yesterday with the market relaxed after the Federal Reserve's latest interest rate increase to head off inflationary pressure. The move was widely expected and had little impact but traders say with US rates
        Reuter  -  189 words
      • Article
        Lock icon Crude prices fall as inventories rise
        155 22 Bloomberg ENERGY REPORT Bloomberg Business News LONDON Crude oil futures prices declined following a large increase in American stockpiles and imports, brokers said yesterday. But the fall was limited as traders were cautious about selling in case tomorrow's Organisation of Petroleum Exporting Countries (Opec)
        Bloomberg Business News  -  155 words
      • Article
        Lock icon New York
        83 22 AFP NEW YORK The dollar rose against other major currencies except the pound sterling here yesterday a day after the Federal Reserve pushed up short-term interest rates and hours after the Bundesbank trimmed the repo rate. At about 9:45 am, the dollar was trading at 1.6991 German marks,
        AFP  -  83 words
      • Article, Illustration
        Untitled
        1615 22 /,vith J nuU iil.in J muMtf > r<v 14 iiuJimc ivitmn i«u< /«< US$/S$ forward rates Noon Mar 23 ss Bid <Mfcr I-month I >K46 I J-mimth I >H4' I >8>~ 4-month 1.5838 I >X>? ♦>-monlh I 1 >84' Vmn' (K m Source: OCBC FOREIGN CURRENCY NOTE RATES As at
        1,615 words
    • COMMODITIES & FUTURES
      • Article
        Lock icon Eurodollars, Euroyen end up on Fed news
        1415 23 SIMEX REPORT Reuter SINGAPORE Simex Eurodollar futures ended steads in brisk trading yesterday with the uncertainty over direction of US interest rates lifted. Dealers said the market had factored in an interest rate hike of 25 basis points even before the Federal Reserve
        Reuter  -  1,415 words
      • Article
        KL tin falls 29 sen on lack of buying
        695 23 COMMODITY REPORTS Tin TIN fell another 29 sen to close at VIS 14.35 a kg due to lack of buying following further falls in London Metal Exchange (LME) overnight, traders said. "Buyers were cautious at the beginning of the market." one
        695 words
      • KNIGHT-RIDDER COMMODITY SUMMARY
        • Article
          Japan to resume wheat, barley tenders
          69 23 TOKYO The Japan Food Agency will resume tendering to purchase wheat and barley early next month for fiscal 1994-95 (April-March), an agencv official said. The agency filled its requirements for this fiscal year last week, and there will be no tender this week or
          69 words
        • Article
          Gas oil tender to be awarded today
          129 23 SINGAPORE The gas oil market remained quiet yesterday while traders awaited results of the Indian Oil Corp's tender to buy gasoil for Mav delivery. Traders expected India to purchase between six and 10 cargoes. The tender is to be awarded late today. The
          129 words
        • Article
          Kazakhs won't give stakes in projects
          61 23 LONDON Kazakhstan would not give Russia equity stakes in either the Tengiz oil project or the Karachaganak gas field under development by Western companies. Kazakh President Nursultan Nazarbayev said, according to the Financial Times newspaper. Russia controls export routes for the two developments, and
          61 words
    • Article
      COMMODITY PRICES
      1479 23 Rubber Mar 23 Singapore Commodity Exchange SlCOM (physical prices) (futures dosing H at lp—) Buyers Sellers RSS 1 Contract (S cents/kg) 12 noon (S cents/kg) Close Volume Open RSS 2 Apr 94 149.25 I50 25N Month High Low Sett (tonnes) Interest RSS 3 Apr 94 148.2$ I49.25N 0
      1,479 words
    • REGIONAL STOCK MARKETS
      • Article
        Australia
        1140 24 +40.1 The Australian stock market surged as buyers returned following the resolution of interest rate speculation in the US and a sharp jump in local futures. Brokers said overnight comments by US Federal Reserve board chairman Alan Greenspan that it will pressure bank reserves to effect a rise in
        1,140 words
      • Article
        Manila
        541 24 +39.46 Soaring mining issues and renewed bargain-hunting pushed Philippine share prices to a higher close, brokers said. The composite price index at the Philippine Stock Exchange's Manila trading floor jumped 39.46 points to close at 2,603.06. while the barometer at the Makati bourse gained 39.38 points to settle at
        541 words
      • Article
        Taipei
        529 24 +69.43 Taiwan stocks rose for the third straight day and turnover expanded. helped by a rally in financial and the Hongkong market's climb, brokers said. The index opened down but soon rose and closed 69.43 points up at 5.331.27, off an intra-day high of 5,358. Turnover was a moderate
        529 words
      • Article
        Seoul
        380 24 1.83 Stocks closed slightly firmer in moderate trading after losing most of early gains that were induced by rumours on market boosting measures, brokers said. The finance ministry denied the speculation it was contemplating any market stimulating plans. The composite index closed 1.83 points higher at 879.78. Volume totalled
        380 words
      • Article
        New Zealand
        331 24 1.79 The New Zealand share market failed to take a lead from a rising Australian market, ending barely steady and off its highs after a moderate day's trade. The NZSE-40 capital index ended up 1.79 points at 2,208.72 while Australia's All Ordinaries index was up 33 points at
        331 words
      • Article
        Bombay
        41 24 -655.43 Indian stock prices fell in light trading after a leading Bombay broker defaulted. The Bombay index dropped 65.43 points or 1.72 per cent to 3,726.30 and the national index fell 20.41 points or 1.1 I per cent to 1.813.61.
        41 words
    • WORLD STOCK MARKETS
      • Article
        London
        647 24 -46.2 UK shares had a miserable session yesterday, hit by a combination of stronger-than-expected retail prices data and an afternoon slump in German Bunds. "It's now a game of following what the German Bund is doing. Shares are down for a whole load of reasons which are nothing to
        647 words
      • Article
        Paris
        144 24 -0.51 French shares finished the session steady after an early rise of over 1 per cent, as selling set in before the end of the March account today, dealers said. The CAC-40 index has ended around the 2,200 point level for three consecutive sessions and dealers said there was
        144 words
      • Article
        Stockholm
        111 24 -0.28 pc Swedish shares closed down after an initial climb. Market activity was moderate due to the many new share issues expected this spring and interest rate developments remain unclear, some said. The OMX-index fell 0.28 per cent to 1.137.89 in low turnover of 1.54 billion crowns. Index-heavy telecoms
        111 words
      • Article
        Frankfurt
        149 24 +0.92pc German share prices closed the bourse session higher but dealers said the market was on a weak footing, with volume low and worries about German M 3 monev supply growth deterring new investment. The DAX index closed at 2,161.30. up 0.92 per cent or 19.79 points on the
        149 words
      • Article
        Toronto
        318 24 +7.1 Toronto stocks edged higher in sluggish early trading yesterday as the market awaited a possible prime rate rise by Canada's big commercial banks. The central bank hiked its key lending rate sharply to 5.00 per cent at Tuesday's setting from 4.22 per cent. The TSE 300 composite index
        318 words
      • Article
        Milan
        137 24 -0.16 pc A change in mood in the afternoon saw share prices retreat from morning highs but brokers could point to no news behind the turnaround. They noted that other European bourses had also turned down during the session while the approach of the weekend elections in Italy sparked
        137 words
      • Article
        Amsterdam
        217 24 1.05 Nervousness in a bond-fix-ated Dutch stock market wiped out most early gains, with dealers' opinions split on short-term direction. The AEX index closed 1.05 points higher at 415.38. after glancing 417.68 earlier in the session. Amsterdam M»r 22 Us \BN-\iwo KO < .7 W»«m •»5>» -I Ahold *0
        217 words
      • Article
        Zurich
        245 24 16.14 Swiss shares ended firmer, led by financial shares which recovered after recent losses. The SMI index of leading shares ended 32.3 points firmer at a final 2.857.0. The all-share SPI added 16.14 to 1.838.59. Most active ÜBS bearers added 33 francs to 1.220. Elsewhere in financial shares, CS
        245 words
      • Article
        Johannesburg
        283 24 -118 South African industrial shares posted hefty losses in afternoon trade as a lack of buying interest saw shares bid continually lower with little resistance. The industrial index dived 118 points, or 1.9 per cent, to 5,949. The gold index finished three points better at 2.124. The overall index
        283 words
      • Article
        Brussels
        156 24 +2.9 Belgian shares closed 0.19 per cent higher on bonds strength, some relief at the US Federal Reserve's interest rate decision. Wall Street's firmer opening and the Bundesbank rcpo rate cut. But Bel-20 index of leading shares closes well off highs in line with other bourses, partly on worries
        156 words
      • Article
        New York
        735 24 +2.87 The Dow Jones industrial average was ahead 2.87 points to 3,865.42 at 11 am EST yesterday. The New York Stock Exchange composite index was ahead 0.23 to 260.47, while the S&P 500-stock index was up 0.44 to 469.24. Advances edged declines 920-814 among the 2.501 issues crossing
        735 words
      • Article
        Untitled
        747 24 Britannia Funds Sterling Cash Bid Offer Mini C ap Dep. *.11 »H Mill tji ftSOO Mini Jencv (»ih u I«W2 Mini Mj\ Irk.mrc MtMHi 'HOW LW ask Inaifflc Plin Fumt IO.5200 PSS Rc«i>eFund < 2MW 5 XIO Sterling Kquit\ Euro PerfomuiKx' 0 45*2 04"»J* Far Ejm Fund *2 "ftVI Man
        747 words
    • Article, Illustration
      Lock icon HONGKONG
      3071 25 Reuter HONGKONG Stocks closed near the day's high as institutions poured into the market in the belief that shares had been heavily oversold in recent weeks, brokers said. The blue chip Hang Seng Index ended up 453.36 points, or 5.03 per cent, to 9.465.53. just shv of its peak
      Reuter; Source: Bridge Info  -  3,071 words
    • Article, Illustration
      CHINA
      538 25 THE Shanghai market finally took a rest from its tumble, gaining 1.2 per cent on active trading yesterday. The CLSA B index closed up 3.15 points at 1,052.63. Underperformers Erfangji and Steel Tube were up sharply by between 13 and 15 per cent. In contrast Tyre Rubber shed another
      538 words
    • Article, Illustration
      Lock icon TOKYO
      2527 25 Reuter TOKYO Stocks were elbowed down by a late flurry of selling linked to weaker futures, with the Nikkei ending below 20,000 for the first time in two weeks, traders said. Profit-taking by institutions to lock in profits ahead of year-end book closings also weighed heavily on prices. "Some
      Reuter; Source: Bridge Info  -  2,527 words
    • Article, Illustration
      Lock icon BANGKOK
      1825 25 Reuter BANGKOK Stocks rose after the Thai bourse eased margin loan regulations which triggered active bargain hunting by local investment funds, brokers said. The SET Index closed 49.32 points, or 3.99 per cent, higher at 1.286.44 on moderate 7.4 billion baht turnover. Rises led falls bv 264 to 35.
      Reuter; Source: Bridge Info  -  1,825 words
    • Article, Illustration
      Lock icon JAKARTA
      1165 25 Reuter JAKARTA Share prices closed mixed in slow trading, with speculative support for cheap issues preventing any further declines, brokers said. The official index rose 1.44 points to end at 486.90. "Local players saw room for speculative buying after a string of corrections. It may indicate signs that the
      Reuter; Source: Bridge Info  -  1,165 words
    • Article
      CLOB INTERNATIONAL
      2672 26 MOST ACTIVE volume Nlulphj (nil MV 16.491.000 ldri\ H\d >*V IZJMM I'romct <>.678.000 una* tMtjm kamunting 50t 6.4U4.000 Htriaxa Ind 4.79S.QOO Johan Hldg> MV 4.7<»2.000 Fahcrtiroup 4..W.00O Nknangt orp 4.247.000 Lien Hoc ISR97 4 157 000 3."W4.000 Scl l>red» MV 3.7*#1.000 Pcgi Mnui .1.706.000 MOST ACTIVE value <>)
      2,672 words
    • KUALA LUMPUR STOCK EXCHANGE
      • Article, Illustration
        Lock icon Shares continue firming with index up 3 pc
        5774 26 Bloomberg Business News KUALA LUMPUR Malaysia's benchmark stock index rose more than 3 per cent as investors* concern about rising US interest rates eased, analysts said. The Kuala Lumpur Stock Exchange's benchmark Composite Index, which gained 1.39 per cent on Tuesday, added
        Bloomberg Business News; Source: Bridge Info  -  5,774 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        5782 27 I MAIN BOARD Transaction date: Mar 23 <»r <*r l"».3,«M IjiM \ol l>a« I asi (,)u..i. I>i< l>i> M.I \«i M J( High l ow oinpant Sale ('(MMh High I on Bu\t*r S IKr 4 *%r I' I INDUSTRIAL AND COMMERCIAL 144*) 260 I s Vnu 955 ed 44) |75
        5,782 words
      • Article, Illustration
        Lock icon Prices rally after US Fed decision to raise rates
        1979 28  -  By R Sivanithy SINGAPORE Share prices rallied strongly yesterday as investors reacted favourably to overnight developments on US interest rates. The Straits Times Industrials Index headed north from the start of trading, boosted also by the firmer performances of the Hongkong
        Source: Bridge Info; Source: Bloomberg  -  1,979 words
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      275 17 NEWS VALUE How today 's new s might athxt your \hn k.\ HK's top Asian equity funds hit the wall (pg I) Unit trust redemptions likely to eontinue as holders still sitting on good profits. Could dampen recovery in regional stocks. Jardine Matheson to quit HK bourse at end of
      275 words
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      94 18 Dividends table has been held over A sumptuous experience. Dishes exquisitely prepared and served to you in elegant surroundings. yy^Music. Reminisce as we play the evergreens, at a restaurant with a difference. And the world at your feet. At such a height, you'll like the feeling and, of course, the
      94 words
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      Page 18 Advertisements Column 2
      215 18 FOREIGN EXCHANGE TRADING SEMINAR FOREIGN EXCHANGE AN ALTERNATIVE INVESTMENT A NEW ERA OF MONEY MAKING OPPORTUNITIES! Topics: 1. Investment Is it a necessity or a trend? 2. A multi-billion dollar business in the foreign exchange market 3. The Art of Independent Investing. 4. Finding order in a chaotic market. 5.
      215 words
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      Page 19 Advertisements Column 1
      40 19 Hi I H Whilst trying Bp* H unsuccessfully Hp HI pick a Hi Chubb lock nijjgk man WAS Vvfl H SAFELY BEHIND > fL. PRISON H K A V|p| HH Andguesswho I LOCKS IB him locked Hm J3 TELEPHONE 292 8421
      40 words
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      351 20 Northwestern University/International Business Development Proudly present 2nd Advanced Management Programme Towards an Asia Pacific Era A Strategic Perspective Marina Mandarin, Singapore 13-21 June 1994 The Programme Participants will learn, through stimulating lectures, discussions and case studies, about management in the multidisciplinary areas: Management Major Management Issues in ASEAN and East
      351 words
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      Page 20 Advertisements Column 2
      48 20 on all items. Now's your chance to gear up with leading brands of Golf Sets, Equipment and other Accessories and save on GST. Sale ends 31st March '94 Grand 'Big win Pte. Ltd. 545 Orchard #02-27, Far East Shopping Centre, Singapore 0923. Tel: 734 6878/*****28 Fax: (65)285 4978
      48 words
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      Page 21 Advertisements Column 1
      391 21 MANDARIN OR lEN T A L the hotel group m Highlights 1993 Mandarin Oriental Profit Maintained Profit after taxation US$4O.9 m Earnings per share USC6.OO Dividends USCS.OO Four additional hotels to be managed Shareholders' funds up 29% to U*****.7 million "The Company's two hotels in Hong Kong should benefit from
      391 words
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      Page 23 Advertisements Column 1
      137 23 Professional Nominee, Full Accounting and Administration Services available at reasonable cost. Ready made Companies available. We can offer shelf companies from certain jurisdictions for delivery on the same day within Singapore. 8.V.1 ISLE OF MAN BAHAMAS JERSEY BELIZE LIBERIA COOK ISLANDS MADEIRA DELAWARE MAURITIUS GIBRALTAR PANAMA HONG KONG U.K. LTD
      137 words
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      Page 23 Advertisements Column 2
      69 23 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead. You may have been unable to get your Business Times, Straits Times, Sunday Times, LianHe Zaobao and other daily newspapers from your usual newsstand because of the higher demand lately.
      69 words
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      66 24 Baume Mercier I 18 karat gold and stainless steel. GENEVE < nil Screw-down crown and case, maltres horlogers depuis 1830 SfcfiL water-resistant to 30 meters. Baume Mercier Boutique ami Service Ceatrr. Singapore: *01-01 Mandarin Sh<ffnnf> Arcade. The Mandunn Singapr>re ijj Onhard R<jqd Singapore 092.1 Tel ~i2 btljl Malaysia: top Lot
      66 words
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      Page 27 Advertisements Column 1
      32 27 I INDONESIA: 111! j^ The HourGlass B g|^r frsFs||gp PORT SHOTS A The latest in sea, air and land transportation Shipping Times Monday to Friday. TV"*"' 0 f Business Times •t (MWAiU
      32 words
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      906 28 TOLL-FREE TEL. No. 1-800-741-1883 FAX:74I-1298 Saw an ad of a house that you may like to own? o Leave your name and telephone number in the seller's ClassiFone mailbox and let him respond to your call. ■i'i ril il tlTl'l ill M>l HH'ftV lil 1 An SPH AudioTti St rvlct
      906 words
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      Page 28 Advertisements Column 2
      158 28 IN THE MATTER OF THE COMPANIES ACT. CAP. SO AND M THE MATTER OF XENDRAL TRADING PTE LTD (In Members' Voluntary Liquidation) NOTICE OF FINAL MEETMG NOTICE IS HEREBY GIVEN that pursuant to Section 306 ol the Companies Act. Cap. 50. the Final Meeting of the members of the abovenamed
      158 words
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  • Shipping Times
    • Article
      Lack of funds hampers China's shipbuilding industry
      533 29  -  SingaPort *94 By Dexter Lee SINGAPORE China has grown in stature as a shipbuilding nation, rising to third place behind market leaders Japan and South Korea in 1992 from eighth place in 1989. But further progress is hampered by a lack of funds
      533 words
    • Article
      Lock icon Dutch shipping firm's profit falls 34 pc
      200 29 Bloomberg Business News ROTTERDAM Royal Pakhoed NV. a Dutch tank storage and shipping company, said on Tuesday its 1993 net profit fell 34 per cent to 60.3 million guilders (5550.3 million) partly because of a one-time charge of about 15 million guilders. The
      Bloomberg Business News  -  200 words
    • Article, Illustration
      Lock icon Calling all Titanic fans
      57 29 Reuter LONDON British Admiral Lord Levin and Titanic survivor Millvina Dean, 82, standing next to a telegraph used for communicating between the ship's bridge and engine room. The telegraph was displayed at a press conference on Tuesday announcing an exhibition about the Titanic at the National
      Reuter  -  57 words
    • Article
      Lock icon Sea-Land appoints GM for Central Asia
      147 29 Bloomberg Business News HONGKONG Sea-Land Service lnc, a subsidiary of US transportation and railway giant CSX Corp. said on Tuesday it has appointed Edward Aldridgc as vice-president and general manager of Central Asia region. He will replace Gary Gilbert. who has been appointed vice-president
      Bloomberg Business News  -  147 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      828 29 Page Col ABC Containerlme 12 5 Accord Group 8 1-3 Ahrenkiel Liner 4 1/2 •AFL 5 3-5 Appenship 8 4/5 •ANL 3 1/2 •ASCL 5 5 Avail! Shpg 6 4/5 Bait Orient Line 7 4/5 Bank Line. The 9 5 Batamindo 7 4
      828 words
    • Article
      Keppel to lease Aussie shipyard
      209 29 SINGAPORE Keppel Corporation signed an agreement on Tuesday to lease an Australian shipyard its first yard Down Under. Under a deal with the Port of Brisbane Authority, the 85.000 deadweight tonne Cairneross Drydoek at Buhmha on the Brisbane River will be re-activated by the third
      209 words
    • Article
      German firm ROM on expansion drive in region
      412 29  -  By Alec Almazan SINGAPORE German engineering giant Rud Otto Meyer (ROM) is expanding here to boost its business in the region. The group, which in Europe has traditionally been associated with the installation of heating. refrigeration, air-condi-tioning and sanitary systems for buildings
      412 words
    • Article
      Lock icon Slow recovery forecast for dry bulk
      218 29 Reuter NEW YORK Demand for dry bulk shipping over the next few years is likely to show limited growth due mainly to the stubbornly slow pace of global economic expansion, according to a shipping analyst. At an International Association of Dry Cargo Shipowners (Intercargo)
      Reuter  -  218 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        699 30 Vessel Voy No Berth Arrival Departure Vessel Voy No Berth Arrival Departure Jurong Port 1 Samudera ind *****4 P01A alongside 24 03, 2300 Satan Indan N1C8 II alongside 24 03 231b Sorprakobcha 01 94 P01A alongside 23 03 2300 Bato 04 01 94 118 alongside 24 03
        699 words
      • Article
        CONTAINER SCHEDULES
        1666 30 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Booking/Batonce Rdts Ship Voy No Etb/Btr Period From To From Ac. Das* 0MB 25/2359 1A 23/1500 23/1659 23/1900 IB 23/1500 23/1659 23/1900 26 23/1700 24/0659 24/0900 4 24/1200 24/1459 24/1700 Ac»
        1,666 words
    • Article
      THE SHIPPING GUIDE
      12111 38 This is a list ol ships loading at Singapore for ports around the world. It tabulates, by destination, the name ol the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. LEGEND PN: ship calls at Penang after
      12,111 words
    • Article
      SHIPPING AGENTS
      3463 43 A AIW ontainerline N\: Bclsin Shpg Agencies Pic Lid (Sv Marine Handling Sdu Bhd (PKPN). Wcurd (•roup: Accord Sh|ij he Ltd (St \ccord Contr Line (I'kPN) Vdkris Humik's\ orporation Philippine Cahource Shpg Jt I rdg Pie Ltd (S) \hrenkiel l iner Sen ice kim Shpg frdg (S) Alhatros
      3,463 words
    • Article
      COURIER SERVICES
      315 43 Mucus Couriers Id: 545-8011. fax 545\ir txpress I ravel Tel: 533-5771. I av 535-6144. Airborne I rciglit orporalion Tel: 542-8844. Fax: 542-3716 *****80 \irswilt Worldwide ouricr Tel: 2"\S-()|X8 Fax: 273-8283. VIS Supplies Tel: "'4B-6322 (2 Una). 747-"'421. Fax: 42-8^ 7 5 C ilx -1 ink International lei: 344-3377.
      315 words
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      AIR FORWARDERS
      1577 43 \bex Express Freight Tel: 542-71 1 Fax: *****84 Actinic Forwarder Tel: 225-1833. Fax: *****42 Xclivair Singapore Tel: 542-*'B22. Fax: *****20 Xerolink Freight International Tel: 545-8033. Fax: *****05. Xerospeed Tel: 542-s**ll. Fax: *****18. Xir C argo Novo Express Tel: 542-5454 Fax: *****06 Air Express International Tel: 542-7666. Fax: *****74.
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    • Article
      PORT CONDITIONS
      2640 44 ARGENTINA Santa Fe: No vessels berthed: no vessels in roads; max draft 23 ft. Diamante: No vessels berthed, no vessels in roads, max. draft 23 ft. San Lorenzo: Four vessels berthed of which I loading byproducts. 2 maize. I soya bean oil. 3 vessels in roads. 22 vessels
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    • Article
      CRUISE & FERRY SCHEDULES
      433 44 CRUISE FERRY SCHEDULES CRUISE SHIPS Ait I*P Nairn of Vessel Hl\ HP Ports ,,f Calls I'ort Ken i telephone No MARCH 25 25 Europa 0800 2359 Hongkong Sin Hapag-Llovd (S) 534-0700 Penang 25 25 Renaissance I 1000 1900 kota kinabalu Lines im'l Holdings 224-2763 C'ruise lo Nowhere .5 25 Langkapuri
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    • Article
      SHIP SALES & TANKER RATES
      1086 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
      1,086 words
    • Article
      TRANSPORT DIARY
      230 45 COURSES l itle: Container Survey Duration: Apr 4-18 Organiser: Port of Singapore Authority Tel: For further details/registration contact SPI at 321 1707/321-1824/321-1825 or fax: 321-1416. Lille: Marine Insurance (SDF 50%) Duration: Apr 4 May 16 Organiser: Singapore National Shipping Association lei: For further details/registration contact SNSA at 278-3464
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    • Article
      COCKETT BUNKER MARKET REPORT
      935 45 THIS twice weekly report, compiled bv 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 C'oekett Bunker Price Index change and
      935 words
    • Article
      DAILY FREIGHTS
      1539 45 THE Baltic Freight Index for spot dry cargo shipping rates rose to 1.16*6 on Tuesday from 1.152 on March 21. Charterers appeared to have gone to ground in the Atlantic keeping Panamax activity under wraps, brokers said. Most sources continued to point to firmer rates for these sizes,
      1,539 words
    • Article, Illustration
      Lock icon Capital way to raise funds
      987 46  -  Major cruise companies are successfully looking to capital markets for financing. Jan Lochtenberg, vice-president of Salomon Brothers New York, addressed the issue of securing capital at the Seatrade Cruise Shipping Convention in Miami recently Jan Lochtenberg Seatrade Week Newsfroni Traditional sources of capital available to
      Seatrade Week Newsfroni  -  987 words
    • AIR AND LAND TRANSPORT NEWS
      • Article
        Lock icon PAL's Lucio Tan calls off deal with Brunei
        337 48 Talks now on with Malaysia's Robert Kuok Reuter MANILA The majorityowner of Philippine Airlines (PAL), Lueio Tan. has ealled otY talks on selling out to the Brunei Investment Ageney and is now speaking to Malaysian businessman Robert Kuok. an industry source said
        Reuter  -  337 words
      • Article
        Lock icon US Air resumes fare war with 10-day discount sale
        402 48 Bloomberg Business News ARLINGTON. Virginia USAir said on Tuesday that it has reopened for 10 days a spring discount fare promotion in 5.000 of its markets. Tickets must be purchased by March 31 and travel completed between April 19 and June
        Bloomberg Business News  -  402 words
      • Article
        Jaguar eyes Indonesian market
        227 48 SINGAPORE Jaguar will appoint a distributor to sell its cars in Indonesia by the end of next month, following the lifting of a ban on the import of foreign tars last year. Jaguar Car Exports Ltd (Far East) Steven Watts said in a statement over the
        227 words
      • Article
        Lock icon UK report urges unrestricted cargo flights for US airlines
        325 48 Reuter LONDON US airlines should have unrestricted allcargo flight access to UK regional airports. Parliament's Transport Committee has recommended. The MPs said immediate, no strings attached go\ernment action should he taken to remove all restrictions on "fifth freedom" freighter service rights
        Reuter  -  325 words
      • Article, Illustration
        Lock icon City of discontent
        51 48 Reuter LINARES, Spain Several thousand people demonstrated on 1 uesda) in the Andalusian town of Linares, which faces a severe economic depression as Japanese Suzuki Motor Corp, owner of Santana Motors, plans to pull out or sack 60 per cent of the workforce at the car factory.
        Reuter  -  51 words
      • LOG BOOK
        • Article
          Lock icon World airlines turn in small profit
          107 48 Reuter MONTREAL The world's commercial airlines turned a small operating profit in 1993 after two years in the red. the International Civil Aviation Organisation (1CAO) said. Operating revenues ot scheduled airlines in ICAO member states, excluding former Soviet republics, are estimated at USS227 billion
          Reuter  -  107 words
        • Article
          Lock icon US, French firms want Garuda planes
          122 48 Reuter JAKARTA Companies from the United States and France have offered to buy aircraft from national carrier Garuda Indonesia. the official Antara news agency said on Tuesday. Garuda president Wage Mulyono said Garuda wanted to sell nine Airbus aircraft. 16 Fokker F-28s and 17
          Reuter  -  122 words
        • Article
          Lock icon Mitsui, Nichimen in China venture
          118 48 Reuter TOKYO Shipping company Mitsui OSK Lines Ltd and trading house Nichimen Corp said yesterday they will launch a joint distribution and warehouse venture in Beijing in May. Beijing Hua-Ri International Logistics Co Ltd. will be owned 15 per cent each by Mitsui and Nichimen
          Reuter  -  118 words
        • Article
          Lock icon GM gets new strike threat at Ohio plants
          144 48 Reuter KETTERING. Ohio Another union has threatened to hold strike action at key General Motors Corp auto parts plants in Ohio if it fails to reach a new local labour agreement. Last week, a branch of the United Auto Workers went on
          Reuter  -  144 words
      • Article
        Air cargo industry urged to form regional EDI networks
        213 48 SINGAPORE Members of the air cargo industr) were urged yesterday to form regional electronic data networks. Singapore Airlines director of cargo Huang Cheng Eng said at an aviation seminar: "The global air cargo community will reap greater benefit if more markets
        213 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1652 48 nm cr* nw np_ a& no et* nm no^ Akw MuM GF146 1110 H> CM Miwli City VN741 1310 VN740 1410 6*985 1420 Hangkang UA805 0100 UA806 0840 MltoHl QF81 1930 QF82 2050 SQ1 1205 SQ860 0915 SQ228 2035 CX717 1235 SQ852 1330 CI665 1435 QF77
        1,652 words
      • Article
        Lock icon Air France sells CSA stake to Czech bank
        434 48 <«. >vi> liLulllhv.l^ Nv. >>.» PRAGUE The Czech Republic's state-owned Konsolidacni Banka agreed to pay USS27 million (5542.7 million) for Air France's stake of troubled Czech airline CSA. the first major reversal of a foreign investment here since Communism fell. I he
        <«. >vi> liLulllhv.l^ Nv. >>.»  -  434 words
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      21 29 BusinesslT Every Monday in Business Times Capital way to raise funds, Page 18 PAL deal with Brunei agency off, Back Page
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      Page 29 Advertisements Column 2
      26 29 Ums aMI services represented Mwlin if Km Registry ef Accredited fcfffcftAVl Stripping Agent*, Singapore National Slripping AesecJatlon. 5 For advertising enquiries, contact Shipping Times: Tel 740-2089/740-2090
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      Page 29 Advertisements Column 3
      249 29 the FAMOUS KEHM3 224 1833 J For more information please refer to Pg. 13 Mgm Visit Asia's Premier Maritime Showcase SingaPort '94 INTERNATIONAL MARITIME EXHIBITION 6 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
      249 words
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      428 30 TSKLINE AGENCIES (S) PTE. LTD. j /mmA r I 1 |7 ¥\TT! Tel: 226-3363 j JL ULWHr Fax: 226-1972/3 Tlx: RS *****/TSKSIN. qCgpg? TOKYO SENPAKU KAISHA, LTD. CR No: **********0N I lowa* w m w Jri ACX DAISY 0508 22.03 25.03 28.03 31.03 05.04 05.04 06.04 07.14 PAC ARROW 0228
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      Page 30 Advertisements Column 2
      1550 30 I I I m- 1 -I wptuw cypibw ore ao3i3 it* i«« 204 21* 194 194 204 734 MU CAUFORNA SATURN 64 *74 734 254 27* 714 7«4 744 774 774 304 WO MUWG 58 012W 213 94 134 144 1(4 114 27 4 77 4 7( 4 77 4
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      2586 31 OOCL (S) PTE LTD JARDINE SHIPPING AGENCIES JARDINE SHIPPING AGENCIES SON. BHD. TEL *****13 FAX: *****42 PETALING JAYA TEL. 03-*****76 FAX: 03-*****42 DOCUMENTATION TEL *****55 (INWARDI/*****90 (OUTWARD) PENANG TEL *****4 FAX: *****1 CFS TEL *****6 BOOKINGS TEL: *****80 *****81/ *****82 Ip O H TEL *****3/4 FAX *****6 CFS (PSA F5)
      2,586 words
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      Page 31 Advertisements Column 2
      2645 31 msmmasm U. S. A. /CANADA 3 TIMES A WEEK LOUIS MAERSK V.9405 ETA SIN 27TH MARCH 1994 ANNA MAERSK V.9408 ETA SIN 30TH MARCH 1994 MARCHEN MAERSK V.9404 ETA SIN 31ST MARCH 1994 vessel vo, ETA ETD Keedered Dy DESTINATIONS This MARCHEN MAERSK V 9404 nMgWTEfWg—gWJWWWWWJiW Cf S-29 03 2359
      2,645 words
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      1652 32 AOABA R DAM' LI ALSO ACCEPTING FROM VESSEL VOY NO SPORE JEDDAH (VIA JED) S TON H BURG A WERP HAVRE WEST MALAYSIA LEVERKUSEN EXPRESS 17/311 26/3 4/4 11/4 13/4 16 4 18/4 20/4 Poft K elang. Penang KATSURAGI 20/112 30/3 16/4 19 4 17/4 Pasir Gudang KITANO 24/312 2/4
      1,652 words
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      Page 32 Advertisements Column 2
      675 32 FCL Breakbulk Service to: AFGHANISTAN MAM Afghanistan Ltd., Sole Foreign Forwarder in Kabul for all services C.I.S.- Vostochny, Vladivostok, Moscow, Tashkent, Kiev, Minsk, Riga, Baku, Irkutsk, Alma Ata North Korea Vietnam Mongolia Hungary FULL CONTAINER SERVICE TO NORTH/WEST AFRICA VESSEL SIN DKR Ned Oceania V 2074 29/3 27/4 Ned America
      675 words
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      Page 32 Advertisements Column 3
      1215 32 NORASIA IvrsHvOY^^^^^^!sir&lt;AU?^BC^^VA^^HAN^Bß^^RO^^AN^^FE^^UU^ NORASIA MUBARAK 9411-3 24/03 13/04 16/04 17/04 18/04 19/04 20/04 21/04 22/04 22/04 I NORASIA Al MANSOORAH 9412 3 30 03 20/04 23/04 24/04 25/04 25/04 26/04 27/04 2«/04 21/04 I SEA NORDIC 413W 07/04 27,04 30/04 01/05 02/05 03/05 04/05 05/05 06/05 06/05 NORASIA SUN 9414 3
      1,215 words
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      2057 33 m STRAITS SHIPPING PTE LTD SSiM Hoe Chiang Road #11-01 Keppd Towers Singapore 0208 Td: *****88 Fax: *****17 new guinea pacific line ■MIAMSMBIiyiiUwHiiUiAiybMIUIHH (A SERVICE OF CHINA NAVIGATION CO) cargo out saes amlm RAJAH BROOKE ¥0% Muau. Lib 25 26 Mar 28 Mar 29 Mat FCL. LCI CONTAINER AND BHEAKBULK
      2,057 words
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      Page 33 Advertisements Column 2
      3700 33 SINGAPORE AGENT: IJXtO Aflt'olflAf*C p&0 Containers (Singapore Agencies) Pte Ltd J\"| 11, 1 1 ly» M 10 Hoe Chiang Road #07-01 Keppel Towers Singapore 0208 Tel 225 2233 Telex RS ***** PNOCSP Fax 225 5327/222 7517 W w- CR Number **********02 EXPORT IMPORT VESSEL VOV -PUG -PKG SM SOU ANT
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      8 33 COLOMBO WEEKLY L.C.L. SERVICE TEL: *****26 FAX: *****27
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      28 33 VESSEL ETA ETD DESTINATION SONG TIEN 03 21/03 31/03 HO CHI MINH SUBJECT TO INDUCEMENTS VIETHONG SHIPPING PTE LTD TEL: 225 1511 FAX: 225 0633 TLX: R*****1 VIETHK
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      657 34 GENERAL AGENT C R NO 116^781-OOOOD EKA JAY A AGENCIES &gt;aK|r TEL: *****22 (8 LINES) FAX: *****05 SALES REPRESENTATIVES IN CHARGE MVAWMAH TPAPe ANp^ &lt;: wt/p ecT H WILLIAM WEE *****28 *****08/MSSM2 MAWOJ 5M3722 HO CHI MINH CITY HENRY HOE 2180*24 HCIY* CH»H ?'**?&gt; &W372j/»3!&gt;»y&gt; TO MYANMAR/YANGON SEMI CONTAINER SERVICE
      657 words
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      Page 34 Advertisements Column 2
      2057 34 HANJIN SHIPPING BOOKING TEL:- *****35-237 OPERATION TEL: *****41-253 SALES TEL:- *****22-233 DOCUMENT TEL: *****71-275 IOR VSL SM LINE HAUL SEA YVR POX FOB ¥SL SIN LINE HAUL SA¥ ILM NYC HANIIN VANCOUVER 016E 25 3 DIRECT 14/4 15/4 16/4 HANJIN VANCOUVER 016E 25 i M ASIA 015 C 2« 4
      2,057 words
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      Page 34 Advertisements Column 3
      1289 34 I. SCP WC 1C W **l 0» NG* SW ITO HI CMS ML NTC IHV ANN ROM ttT ICC no Hru SCR I I CONG HOH 29 3 30 3 4 4 4 1 4 11 4 12 4 13 4 14 4 IS 4 16 4 2« 4 10
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      2790 35 I II 'HUMBER BRIDGE 34W eta sgp 26/03/94 II H JSBt L_ II ETA RDM 11/04/94 FLX 12/04/94. BRE 14/04/94. LEH 16/04/94 HI II II *B1 Connecting California Pegasus Wow 2f in HKG 23/04/94 *112 Connecting California Jupitar Vow 721 In HKG 30/04/94 ■I W *93 Connecting Map tuna Cyprtna
      2,790 words
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      Page 35 Advertisements Column 2
      1193 35 o MULTILINE SHIPPING PTE LTD fm (a member of SINSOV Group) CR N0: **********0 C ENQUIRIES: *****33 Z_Z\ BOOKINGS: *****64. *****51, *****31, *****13 C I_ Z3 BALTIC: INWARD *****97 OUTWARD *****10 T/S *****10 BLASCO: INWARD *****65 OUTWARD *****28 T/S *****46 mtosIZZjL FESCO: BOOKINGS *****06 DOC *****07 MARINE INSURANCE: *****87 INVENTORY:
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      1652 36 44 AS AGENTS U LINE (SIMGAPOtt) PTI LTD (Cft No: **********0 M) TEL: *****77 TELEX: KAWAKI R*****5 FAX *****16/7/8/9 I W T MALAYSIA K" LINE MARITIMI (MALAYSIA) SON BHO I m m TEL: SA *****00 PK *****75 PEN *****0 JB *****1 PGU *****5/6 INDONESIA P.T. SARANA LAUTINTERNUSA. TEL JKT *****08
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      Page 36 Advertisements Column 2
      696 36 (8) Ap p E&f H' p CONVENTIONAL A INDEPENDENT LINER SERVICE V EUROPE TO SOUTH EAST ASIA ANO FAR EAST VESSELS LOAOMG PORTS DISCHARGE/ LOAUNG FOR INZHENER PARKHONYUK KLP 09/02 TGN 21/02 TRT 02/03 IN PORT HONESTY SZE 16/02 HAM 22/02 SPORE 28/03. LAEM. BKK KOALA CONTAINER LINE SPORE FIX
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      Page 36 Advertisements Column 3
      381 36 GOLDEN LINE A W&G?V GUAN guan shaping tt£SV&lt;A (PTE) LTD 1 23. T«M »T«f Street SMGVOK 0104 m 534MW (10 IMS) Fa 5343M4 &lt;C* Nt 101»iM000«) ITKAITt/WMIAW COLT IMTICt S pore t Krtang Penang eOUXN KM K«acN Oub« 2*/» Ha TMK OACt Mract« Outu. JO 31 *m CHINA OERTICK GOtOCN
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      Page 37 Advertisements Column 1
      957 37 (PACIFIC INTERNATIONAL LINES (PTE) LTD 1 I 140 Cecil Street. #03-00 PIL Building, Singapore 0106. I CR NO **********0E 1 VESSEL VOY SIN CMB JIB JEO AQJ ADE HOO PZU ASA KOTA INDAH lOHOOS 26/3 31/3 6/4 9/4 12/4 9/4 12/4 KOTA BERLIAN BRLOO3 25/3 30/3 S/4 8/4 11/4 9/4
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      Page 37 Advertisements Column 2
      703 37 WSSUS VOY SM HAMBURG DO TIE ROAM ANTWERP THAMES U HARVI **11 Dt IYRA 7732W 25 03 17 04 19 04 20 04 21/04 22/04 VKLE Dt VEGA 9932* 29,03 22/04 24 04 25/04 26 04 ***** Will Of VISTA 7432W 01 04 01 05 03 05 04 05 05/05
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      Page 37 Advertisements Column 3
      871 37 BSA n. M MYANMA iBBBk FIVE STAR LINE (Myanmar National Line) Loading for Yangon (Rangoon) Spore P.KIf Pen P.Gdf PAGAN V2OBW 29,31 Mar HPA-AN N2OIW 8/10 Apr PAGAN V2O9W 15/17 Apr MALAYSIA AGENTS BOUSTEAD SUPPING AGENCIES AUI HI 03-*****00 PKI: TEL 03 *****67 PEN TEL 04-*****S PGO TEL 07-*****1 4
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      3321 40 /A Tk TfTi TX mta LIME: 22C 1900 BOOKINGS: 22C 1833 Penang —62 o*4l I I I M I A I |\J |h IV RL 226 1942 DO: 226 1940 CinCw Sh.ppnr Sdn Bhd V vvyll 1 FAX NO: 226 18H (MAIN) 22* 220S (SALES! Mam Une: Port KeUng 367
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      692 41 (i£ 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 29/3 FELIXSTOWE/UK 27/3 BARCELONA/SPAIN 25/3 LEHAVRE/FRANCE 28/3 GENOA/ITALY 28/3 ANTWERP/BELGIUM 27/3 LOS ANGELES/WC/IPI 26/3 SYDNEY/MELBOURNE 26/3 NEW YORK/EC 26/3 FREMANTLE/ADELAIDE 27/3 VANCOUVER 30/3 BRISBANE
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      Page 41 Advertisements Column 2
      1227 41 TV t j VESSEL VOY SIN PEN ISRA BHUM 438 Fn 25/3_ Ty 1»29/3 BUNGA SEROJA 4049 Thu In Pt Sal 2C/3 BKK BHATRA_BHUM 22S _»/3_ _30/3_ THAN* MUM 2S/3 Sun 27/3 Mow M/ 3 i WANA BHUM 221» Tw 29/3 S«t 2/4 r~ ~r— Tu. 29/3 5 ISRA BHUM
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      Page 41 Advertisements Column 3
      430 41 pi DONGNAMA LINE CONTAINEWWED SERVICE BTRAfTB/BLW/INC/«SM VESSEL SGP PNG BIN PK BSN MC HRUJW V4O3N 30 3 1/4 3/4 4/4 14/4 L 6/4 TU.SOAS V4O4N 7/4 9/4 10/4 21/4 23/4 SMONC tRAOUt V4O4N 13/4 15/4 17/4 11/4 2S/4 30/4 HONGKONG GLORY V4O4N 21/4 23/4 24/4 5/5 7/5 ROUND THE ASIA
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      1770 42 ■tASMN CONTAINER LINES, INC MAC-NELS SPORE: *****22 (24 LINEB) V 'c/R No: **********0E SIBU (084) *****9 KUCHING (082) *****3 PENANG: (04) *****6 BANGKOK (662) *****57 MANILA (632) *****61 P.KELANG: (03) *****77 JAKARTA: (21) *****07 SURABAYA: (31) *****0 HKG/TWN/BKK I GENOA/EUROPE PEN PKL SIN 5 SAILINGS/WEEK PEN PK SIN 27/3 28/3
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      Page 42 Advertisements Column 2
      212 42 SEAWARD SHIPPING AND TRADING CO (S) PTE LTD EIA (IK (I* STOW KMI KtIANG PtNANG H.UI IMX 3 4 loading tor Malt KUVM HUOHU 10 4 Dischaiging and loading to» Bombay ooinw 26 3 loading For Mak PKMER SUPMMI 27 3 loading Foi Mat* UMMIEDH 3 loading Foi Male (HOGKtSS
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      Page 42 Advertisements Column 3
      1055 42 M THONG SOON UNES PTE LTD 1 I 78 SHENTON WAY #10-01. SINGAPORE 0207 J I \X TEL: 227-5088 FAX: 227-6011 I RS ***** CARRIER. RS ***** JENHOL CABLE: TOSOCO I SINGAPORE TO SARAWAK VESSEL VOY S PORE PEST VESSEL |VOY IsPOtE |DEST EQUATOR GRACE 113/4E 24 MAR KUCHING EQUATOR
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      19 45 TKTECHTOE To avoid stalemates, try some fresh strategies. Innovation St Technology. Every Thursday. SINGAPORE. Business Times WE KNOW ASIA
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      Page 45 Advertisements Column 2
      53 45 I 0 FACTORY S* t CAFETERIA I Maybe got chance,-this 1 assistant supervisor job. J 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
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      465 46 WORTH PHILIPPINES FULL CONTAINER SERVICE VESSEL VOYAGE SINGAPORE MANILA I VIGOUR PACIFIC 9413N 25/03 (FRI) 02/04 (SAT) VIGOUR PACIFIC 9413 AN 28/03 (MOW) 02/04 (SAT) LOAWNG EVERY LHOTSE 9401N 01/04 (FRI) 09/04 (SAT) FRDAY AND LHOTSE 9401 AN 04/04 (MON) 09/04 (SAT) I SOUTH PHILIPPINES FULL CONTAINER SERVICE VESSEL VOYAGE
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      Page 46 Advertisements Column 2
      335 46 `^+^''^+&gt;=%&lt;+..&gt;'?\"?/?(*_+_*]~ PT BAHARI HALUAN SAMUDERA Weekly COMMON FEEDER SERVICE VESSEL VOY SINGAPORE POUT KELAN6 BELAWAM TAMBANG VII 1017 28 29 03 30 31 03 0102 04 TAMBANG VIM 1018 04 05 04 06 0 7 04 08 09 04 MDONESMN WAVPORT 1) lAKARIA BUAHAN lAKARTA 2) JAKARTA PANJANG-JAKARTA SEMARANG SURABAYA
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      Page 46 Advertisements Column 3
      21 46 STRAIGHT TALK You shouldn't have to read between the lines to get the full picture. Companies Markets. Everyday. Business Times ncwtA®
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  • Page 46 Miscellaneous
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      Page 46 Miscellaneous Column 1
      725 46 TODAY'S TIDES (height in metres) i HOUR 0000 0100 0200 0300 0400 0500 0600 0700 0800 0900 1000 1100 1200 1300 1400 1500 1600 1700 1800 1900 2000 2100 2200 2300 1 6 14 1.3 1.3 1.4 16 19 2.2 2.5 26 25 22 1.7 1 3 1.0 0.7 06
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      926 47 ▲.HYUNDAII MERCHANT MARINE CO. LTD. WESTBOUND TO EUROPE BKG: *****61 WW* PKE* PGP* VESSELS VOY I SIN I MM AWT* LEH' HAM Btt FEL 16/03 18/03 19/03 H. EXPLORER 310N 21/03 15/03 16/04 11/04 16/04 16/04 19/04 23/03 25/03 26/03 NOR FRBOURG 310W 04/04 22/04 23/04 25/04 23/04 23/04 26/04
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      Page 47 Advertisements Column 2
      523 47 STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO ft HEAVY LIFTS INBOUND VESSELS KISU m V N IK M coaac ituu v«i m/i COSMC cmluku m n uo «ua KM VSI 12/4 11/4 14/4 11/4 CMNPM TMMI 111 4/4 1/4 KCISMM ¥27 HI 1/4 4/4 1/4 TIMS MTO Ml 1/4 MINK
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      1032 47 KSSEL IWW |SH ETA/D LAX OAK I CH PAL MEM/COl I HOU I NYC I NOR ALLIGATOR GLORT 6»A 31/03-01/04 17/04 IS/04 20/04 21/04 21/04 22/04 22/04 23/04 GEORGE WASHWGTON BRPGE 77A 07-01/04 24/04 2S/04 27/04 21/04 28/04 29/04 29/04 30/04 ALLI6ATOR PRPE 50A 14-15/04 01/05 03/05 04/05 05/05 05/05
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