The Business Times, 20 December 1994

Microfilm: NL19754
Total Pages: 48
1 48 The Business Times
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  • Title Section
    Masthead
    13 1 Business Times MITA(P) 194/12/94 Tuesday December 20 1994 WE KNOW ASIA 75 c
    13 words
  • 2am LATEST
    • Article
      Lock icon DAX index tipped to touch 2,800
      53 1 Reuter FRANKFURT The research wing of Germany's largest commercial bank, Deutsche Bank AG, said yesterday it expected Germany's 30-share DAX index to reach 2,600 to 2,800 in 1995 on the back of corporate earnings and structural changes. The DAX closed 5.88 points higher yesterday
      Reuter  -  53 words
    • Article
      Lock icon Maclean bid okayed
      28 1 AFP OTTAWA Canada's broadcasting regulatory agency said yesterday that it had approved Rogers Communications' Cs3.l billion (553.26 billion) takeover of publishing giant Maclean Hunter. AFP
      AFP  -  28 words
  • Article
    MARKET SUMMARY
    168 1 Stock market indices Monday Change STII 2,185.19 +15.47 KLSEComp 957.25 +10.65 Nikkei 19,270.85 +107.42 Hang Seng 8,178.34 +11.95 SET Index 1,337.78 +1.31 Jakarta Comp 459.39 +0.61 CLSA China B 912.38 -7.45 Aust All Ord 1,900.0 +3.0 FTSE 100 3,034.0 20.8 Monday Previous lpm EST close Dow Jones 3,784.98
    168 words
  • Article, Illustration
    Lock icon Yeo Hiap Seng's plan to sell Malaysian associate aborted
    659 1  -  By Lee Han Shih SINGAPORE Thirteen months and a roller-coaster ride of share prices later, the much-publicised sale of Yeo Hiap Seng's (YHS) Malaysian associate has fallen through. In a brief statement yesterday evening, YHS of Singapore said it had "terminated
    Source: Bloomberg  -  659 words
  • Article
    Lock icon Dow down 22 at 2am
    89 1 Reuter, UPI NEW YORK Wall Street stocks were lower at midday following Friday's high-volume expirations-fu-ellcd rally, but gaming issues rallied on takeover speculation after ITT said it was making a US$l.7 billion (552.49 billion) bid for Caesars World. The Dow Jones Industrial Average, which soared
    Reuter,; UPI  -  89 words
  • Article
    HK apartment sale points to poor market
    404 1  -  From Lim Soon Neo in HONGKONG IN WHAT analysts said was a reflection of weak sentiment on the Hongkong property market, the latest sale of apartments by Henderson Land Development Co Ltd was undersubscribed, despite the fact that the company had cut prices
    404 words
  • Article, Illustration
    Traders petition Simex to scrap trading on public holidays
    401 1  -  By Quak Hiang Whai SINGAPORE Sitting around the trading floor while their friends and relatives celebrate the Chinese New Year doesn't appeal to some Simex traders and backroom operators. So they have petitioned Simex to stop holiday trading on the Singapore
    401 words
  • Article, Illustration
    UOB head sees rate rise in early '95
    485 1  -  From Loh Hui Yin in BANGKOK SINGAPORE banks are likely to follow an expected rise in US interest rates early next year, but the move will have iittle impact on the republic's economy. United Overseas Hank chairman Wee Cho Yaw said yesterday.
    485 words
  • Article
    Regional bourses get boost from Friday's Wall St surge
    389 1  -  By Paul Leo SINGAPORE Sentimegt on regional bourses was boosted yesterday by last Friday's strong performance on Wall Street. The Straits Times Industrials Index rose to a high of 2.195.70 in the morning before easing to close at 2.185.19. up 15.47
    389 words
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      Page 1 Advertisements Column 1
      157 1 X'MAS SALE r 4 Nikon ZQDM3(ffiQD THE WORLD S SMALLEST 35MM AUTO FOCUS CAMERA CONTENTS News Companies S pore News 2 Spore M'sia 19,20 Regional News 3.4.5 Financial 23-25 WofkJ News IS Features Markets Analysis 17 Ctob/KISE. SES 28 30 Editorial 16 Regional 26.27 Sports 9 World 26 TV/lifestyle 13
      157 words
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      7 1 Property: 15 Massive Jakarta project takes shape
      7 words
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      Page 1 Advertisements Column 3
      7 1 f-THock Lock Siew: />* Banks and inner fetprvefr'
      7 words
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      Page 1 Advertisements Column 4
      50 1 Bottom Line: Pg ih A/ic for Johor to raise profile S'pore non-oil exports up 30% in November, Pg 2 X Ns Ar C a/Her boutique/ Singapore Ngce Ann City, Tower B, #01-11, 391 Orchard Road. Tel: 734 2427 Hilton International, #01-04, The Shopping Gallery, 581 Orchard Road Tel: 235 0295
      50 words
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      Page 1 Advertisements Column 5
      19 1 X MAS SALE 'fEffga 4 Nikon ZQDM3ODQD _THEJWORLD S SMALLEST 35MM AUTO FOCUS CAMERA Regional market reports, Pg 26-30
      19 words
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  • SINGAPORE NEWS
    • EYE on the ECONOMY
      • Article, Illustration
        Lock icon Retail sales back on skids in Oct
        354 2  -  By Ven Sreenivasan Rl I'AIL sales data for October show the slide that began tn March has resumed, after a brief break in September. The latest retail sales figures. released by the Department of Statistics yesterday, show that sluggish motor vehicle sales have
        Source: Dept of Statistics  -  354 words
    • Article
      Catamaran service opens Bintan Resort to day-trippers
      117 2 THE Bintan Resort has opened its doors to day-trippers. High-speed eatamaran serviees depart twice daily from the Singapore World Trade Centre and return from Bintan's Bandar Bentan Telani Ferry Terminal. Loeal operator Singapore Sightseeing Tour East is offering a day package $120 for
      117 words
    • Article
      Non-oil exports up 30% in Nov, a sign of strong 4th qtr
      408 2  -  By Genevieve Cua NON-OIL domestic exports grew 30 per cent in November, confirming market expectations that economic growth in the fourth quarter would remain strong. The high growth in November came after a rise of nearly 40 per
      408 words
    • Article, Illustration
      S'pore Tech eyes telemedia for new growth
      384 2 TELEMEDIA will be the new engine of growth for the gov-ernment-linked Singapore Teehnologies group, Singapore Technologies Ventures (STV) president Ho Ching said yesterday. Ms Ho said the convergence of telecommunications and media technologies had created a level playing field with room for new
      384 words
    • Article
      Spending on business services to hit $580m
      427 2  -  By Juliette Walker TOTAL business spending on services is likely to jump 23 per cent to S5BO million this year and should grow at the same rate next year, the Economic Development Board says. EDB officials said yesterday the increase was due to
      427 words
    • Article
      Disk drive output jumps 40% to record 29m units
      301 2  -  Reports by Claire Leow SINGAPORE'S output of hard disk drives jumped by 40 per cent to reach a record 29 million units this year. Philip Yco. the chairman of the Economic Development Board, said yesterday. He was giving the preliminary estimates
      301 words
    • Article, Illustration
      S'pore Tech unit bags $41m Micropolis job
      331 2 AMERICAN disk-drive maker Micropolis has awarded the $41 million contract for its new building in Serangoon North to CDC-Construct ion Development, a subsidiary of the Singapore Technologies Industrial Corp. The five-storey building will come up on a site leased from Jurong Town Corporation
      331 words
    • NEWS ROUNDUP
      • Article
        Medisave rate up for self-employed
        79 2 FROM Jan 1, the Medisave contribution rate for the self-em-ployed will go up one per cent to 5 per cent of their net trade income for the year. For the self-employed without an income tax number, they will have to contribute S3OO for 1995, the
        79 words
      • Article
        Call for annual yard safety reports
        125 2 THE NTUC has urged the Ministry of Labour to get shipyards to submit reports of their safety plans annually. The call came in the wake of a committee of inquiry's findings on the Sembawang Bethlehem accident in August in which five people were killed.
        125 words
    • Article
      Tras St shophouses attract bids of up to $1,502 psf
      278 2 BIDS reached up to $1,502 per square foot in a URA tender for 2$ conservation shophouse parcels in Tras Street, and the URA said it had awarded all 25 to the highest bidders. A total of 253 bids had been
      278 words
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      343 2 :*\-\!%.-{&}_}+_>///?`]]=/@>/\> 24 December 1994 25 De CmbCr 1994 TAPE LOUNGE MOQN PAVILION Christmas Eve Gala Dinner Dance Christmas Day Family Buffet Lunch Live it up with Traditional Roast Tom Turkey with V"™ nte ra,nment Chestnut Stuffing Giblet Gravy. Plum Pudding rom Gurout Smgh a conuc with Brandy Sabayon followed by
      343 words
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  • SOUTH-EAST ASIA
    • Article, Illustration
      Lock icon Asian economies except China the least risky, says EIU
      483 3  -  By Ven Sreenivasan SINGAPORE Asian economics arc still among the least risky in the developing world, but growing risks in China do not bode well for regional stability, says the Economist Intelligence Unit (EIU). In its latest 1994 country risk report.
      Source: EIU Country Risk Service  -  483 words
    • Article
      Bank Negara reserves hit M$83b, up 46% for year
      222 3 KUALA LUMPUR Bank Negara's net international reserves as of September this year were M 583.6 billion (Ss4B billion), an increase of M 526.6 billion or 46.8 per cent over the same period a year ago, the Statistics Department said yesterday. In
      222 words
    • Article, Illustration
      Lock icon All the way from Russia
      45 3 Reuter HANOI A Vietnamese Customs officer inspecting made-in-Russia Minsk motorbikes in Hanoi, yesterday, in a routine check against illegal importation. Because of its low price, the Minsk is one of the last Russian goods to be imported into Vietnam. Reuter
      Reuter  -  45 words
    • Article
      Lock icon Philippines' NPC sees higher net profit
      238 3 AFP MANILA The state National Power Corp (NFC), the Philippines' main power generator, is projected to post a net profit of 8.33 billion pesos (SSSO6 million) this year, company officials said yesterday. This is higher than the 6.76 billion pesos originally forecast for this
      AFP  -  238 words
    • Article
      Lock icon Protectionism will raise local costs, warns Indon minister
      342 3 Reuter JAKARTA A senior Indonesian minister, escalating a heated debate on protectionism, warned yesterday that protection would raise local production costs and erode the international competitiveness of Indonesian industry. The warning from Planning Minister Ginanjar Kartasasmita coincided with an appeal from President
      Reuter  -  342 words
    • NOTE BOOK
      • Article
        Lock icon KL approves 698 projects
        56 3 Reuter KUALA LUMPUR The Malaysian government approved 698 industrial projects involving a total investment of M 519.2 billion (S$ 10.9 billion) in the first 10 months of 1994. Minister of International I rade and Industry Rafidah Aziz told parliament MS 10.5 billion came from foreign investors,
        Reuter  -  56 words
      • Article
        Lock icon Left-hand drive for Proton
        60 3 Bernama LUMPUR Proton will venture into countries using the ten-hand drive system apart from exploring new markets for the nght-hand drive models, Deputy International Trade and Industry Minister Chua Jui Meng told parliament yesterday. The new markets identified are Australia, Thailand, Namibia, Indonesia, West Asian countries,
        Bernama  -  60 words
      • Article
        Lock icon Beijing paranoid over Spratlys: Manila
        39 3 AFP MANILA Philippine Foreign Secretary Roberto Romulo called China "paranoid" yesterday for fearing that Vietnam's impending membership in Asean will lead to a common front against China over competing claims to the Spratly islands.
        AFP  -  39 words
      • Article
        Lock icon Vietnam to hitch up to Internet
        40 3 AFP HANOI Vietnam is to build an on-ramp to the information highway with a link into the Internet computer network and a new domestic electronic mail service, the Tuoi Tre newspaper reported yesterday. AFP
        AFP  -  40 words
      • Article
        Lock icon Study on Thai inland port
        36 3 Reuter KUALA LUMPUR Malaysian port developer Meritim Terminal Sdn Bhd is carrying out a feasibility study to build an inland port in southern Thailand, national Bernama news agency reported yesterday. Reuter
        Reuter  -  36 words
      • Article
        Lock icon Thai ex-coup leader quits Senate
        42 3 Reuter BANGKOK General Sunthorn Kongsompong. a former Thai armed forces chief and coup leader accused of trying to destabilise the government earlier this month, gave up his Senate seat on Monday in protest over the accusations. Reuter
        Reuter  -  42 words
    • Article
      Lock icon Call to upgrade Thai labour skills
      346 3 The Straits Times BANGKOK The Thai government's top planners yesterday stressed that Thailand needs to upgrade its manpower skills to improve its competitiveness in the world market. Anuparb Sunananta, deputy secretary-general of the National Economic and Social Development Board (NESDB). told a seminar organised
      The Straits Times  -  346 words
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      106 3 ■fjf| The British Council .■b) too«oof i o»o«o#o I OOIMOO rZ OO•• O O o«o«o«o Univ«nrty c* London VlAl Designed for experienced graduate managers 3 weeks in both Year 1 and Year 2 at Imperial College in London Further teaching in Singapore primarily from Imperial Faculty Workplace project in Year
      106 words
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      Page 3 Advertisements Column 2
      61 3 V PLAYBOY CONDOMS MBf USA, INC. hereby appoints ACCORD MARKETING SERVICES A division of Cold Storage Singapore (1983) Pte Ltd as the sole and exclusive distributor in Singapore of the full range of PLAYBOY CONDOMS: Spermicidally Lubricated Ultra Sensitive Ribbed Studded oPlayboy. PLAYBOY and the RABBIT HEAD DESIGN are marks
      61 words
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  • CHINA/HONGKONG/TAIWAN
    • Article
      Lock icon HK property, finance firms see poor business prospects
      563 4 Knight-Ridder HONGKONG Falling property and stock prices have taken their toll on business confidence among Hongkong real estate and finance companies. a survey by knight-Rid-der Financial News revealed yesterday. The quarterly business confidence survey canvasses more than 4(X) firms involved in I
      Knight-Ridder  -  563 words
    • Article
      Hongkong may look into ways of boosting capacity of existing airport
      428 4  -  From Lim Soon Neo in HONGKONG HONGKONG, which stands to gain HKS4.3 billion (SSBI4 million) a year in additional visitor spending with more landings at Kai Tak airport, is considering maximising the capacity of the airport. Yesterday, the Department
      428 words
    • Article, Illustration
      Lock icon 925 days and counting
      54 4 Reuter BEIJING Former Nationalist general Cheng Si>uan. now an official charged with reunifying China, being helped down the steps of the Museum of Chinese History and Resolution yesterday after umeiling an electronic timer counting down the days and seconds until China resumes sovereignty over Hongkong on
      Reuter  -  54 words
    • CHINA WATCH
      • Article
        Lock icon Beijing: No high technology, no TV deal
        56 4 Reuter BEIJING China is going to prohibit joint ventures that produce colour televisions unless the foreign companies involved import advanced technology, the China Daily said yesterday. "No advanced technology, no market; that is the ministry's policy." the newspaper quoted Zhang Jinqiang. vice-minister of
        Reuter  -  56 words
      • Article
        Lock icon Beijing refuses to bail out foreigners
        69 4 Bloomberg Business News TOKYO Chinese officials say they will not tats impossibility for foreign investors who have lost money on joint ventures with Chinese state-owned companies, the Financial limes said yesterday. "The days of rigid central planning and responsibility for state firms has gone,"
        Bloomberg Business News  -  69 words
      • Article
        Lock icon China to invest in credit card hardware
        75 4 Bloomberg Business News BEIJING China plans to invest 75 billion yuan (SSI3 billion) in hardware to allow a sixth of its population to use credit cards by the year 2003. the official China Daily reported yesterday. The so-called Golden Card project aims to
        Bloomberg Business News  -  75 words
      • Article
        Lock icon Anti-corruption chief vows action
        68 4 AFP HONGKONG Bertrand de Speville. the head of the Independent Commission Against Corruption (ICAC) promised yesterday not to shy away from pursuing well-connected offspring of Chinese leaders who might be suspected of corruption in the territory. "Let there be no mistake. We will investigate any allegation
        AFP  -  68 words
      • Article
        Lock icon Graduates told to lower job expectations
        74 4 AFP BEIJING Many of the record number of Chinese to graduate from university next year will have to lower their expectations for high-status, lucrative jobs. While overall demand for graduates exceeds supply. China's education structure has failed to adapt to changing economic realities, resulting
        AFP  -  74 words
    • Article
      Lock icon UK fails to win China approval on HK court
      245 4 Knight-Ridder HONGKONG UK negotiators have failed to win China's approval on a Hongkong government proposal to set up a eourt of final appeal in the territory ahead of the 1997 handover, the Hongkong government said in a statement. Both sides of
      Knight-Ridder  -  245 words
    • Article
      Lock icon Taiwan plans direct transport link with China, says report
      358 4 Knight Kidder TAIPEI Taiwan's Mainland Affairs Council is planning to allow direct transportation links with China by 1997, the local Chinese-language Ltotiutnu Daui A'fWiu reported yesterday. The paper quoted"an anonymous source in the MAC as saying the cabinet-level council has decided
      Knight Kidder  -  358 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      125 4 Titan Automatic Designer Ferdinand A. Porsche Manufactured by! WC Schaffhausen Automatic movement. Case in titanium or titanium with 1 8 ct gold bezel. Sapphire glass. Screw-in crown Water-resistant to 60 m PORSCHE DESIGN by IWC I j PORSCHE DESIGN OUTLETS: As a Watch Cen"e P'e Ltd Te 1 440 4208
      125 words
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      154 4 International Investment Banking Programme \J M jf A 5 Day Residential Workshop asia pacific EUCTllffllHWilllsl Protoaatonal Training and ConauMng tor tha F inane* Sartor Learn from International Trainers with extensive Regional knowledge the Mechanics of: Debt Securities Investment Banking *Derivatives This intensive programme provides a solid base of knowledge which
      154 words
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  • REST OF ASIA
    • Article
      Lock icon S Korea's GNP forecast to grow 7.3%
      459 5 But economists warn that inflationary pressures may increase Reuter SEOUL South Korea is forecast to have another year of robust expansion, with gross national product growing by more than 7 per cent in 1995, economists said. But growth of exports and capital investment
      Reuter  -  459 words
    • Article, Illustration
      Lock icon Peering at his peers?
      34 5 Reuter DMZ, South Korea South Korean President Kim Young Sam taking a look at North Korea through a telescope during a visit to a military base near here yesterday. Reuter
      Reuter  -  34 words
    • Article
      Lock icon Kim Jong II needs kidney transplant: report
      316 5 AFP SEOUL North Korea's Kim Jong II suffers from a chronic kidney disorder and needs a transplant, a South Korean newspaper said, citing Asian and European intelligence sources. The disease, coupled with heart and liver problems, prevented the 52-year-old Mr Kim, son of
      AFP  -  316 words
    • Article
      Lock icon Rao hints of shake-up as opposition launches new attacks
      289 5 Reuter NEW DELHI Indian Prime Minister P V Narasimha Rao ordered ministers to stay in the capital until the parliament session ends on Friday as the opposition launched an assault on the ruling party over twin corruption probes. The investigations, one
      Reuter  -  289 words
    • ASIA NOTES
      • Article
        Lock icon Fall in Aussie housing finance
        59 5 AFP SYDNEY Australian housing finance for October dipped 8.1 per cent seasonally adjusted, while merchandise imports in November rose a lower-than-expected 3 per cent, according to Bureau of Statistics figures released yesterday. Economists said the housing data moderated concerns about unsustainable growth in the economy
        AFP  -  59 words
      • Article
        Lock icon Indian inflation rate expected to dip
        65 5 Knight-Ridder BOMBAY India's annual inflation rate will decline slightly by the end of 1994/95 fiscal year ending March to 9 per cent from the current 9.5-9.75 per cent, the country's leading private forecasting agency said yesterday. The government has sufficient buffer stocks of food
        Knight-Ridder  -  65 words
      • Article
        Lock icon Seoul's deficit with Japan at new high
        91 5 AFP SEOUL South Korea's trade deficit with Japan reached a record high of more than US$lO billion (5514.6 billion) in the first 11 months of the year, the Korean Customs Administration said yesterday. Imports between January' and November soared to US$22.B billion on
        AFP  -  91 words
      • Article
        Lock icon Tokyo to offer reduced loan to China
        62 5 BernamaKyodo TOKYO The Japanese government plans to offer 580 billion yen (SSB.S billion) in official loans to China for fiscal 1996-1998, a sum way below that requested by Beijing, officials said yesterday. Tokyo will present the offer at talks to be held here
        Bernama- Kyodo  -  62 words
    • Article
      Lock icon Canberra needs to offset a looser fiscal policy
      238 5 Reuter CANBERRA The Australian government, which says it may cut its budget deficit next year, would have to find roughly one per cent of gross domestic product in tax or spending cuts to offset its recent loosening of fiscal policy, a review
      Reuter  -  238 words
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      261 5 Dichotomy as per capita income soars but productivity lags, Pg 6 7 «»vvs?vs>^s^cs£vNTx > v^ocx>->C s *NsgS>C!>3Sg >^sJ s ooCSN^<N^o^'^x^*^^ xNo>Q^^ W \\\\>ux t\\ V xXX XW \X. \.VX x\.\yy AY I > >*■ \W X \\\\S \\\\^\\><>o^>^xS>C^C^XrxN>vVK>s>^o<NNNN^OvSNosvSC>Sw v C^>-^SI>C v i '%i IH I 1 i»l v xtV x
      261 words
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  • REGIONAL FOCUS
    • Article, Illustration
      Lock icon Dichotomy as per capita income soars but productivity lags
      727 6 S Korea's developing nation status IHT SEOUL Can the world's Isth-biggest economy, with a per-capita income approaching USS 10.000 (S$ 14,653), be considered a developing nation? Yes, according to South Korea's president, Kim Young Sam, who lobbied for such a status
      IHT  -  727 words
    • Article
      Little headway in trade likely in the short-term
      663 6 WTO switch to tariff barriers ONE of the first things countries are supposed to do following the establishment of the new World Trade Organisation (the successor to the General Agreement on Tariffs and Trade) on Jan 1 is speed up the switch
      663 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      309 6 For more than a century and a half, Patek Philippe has been known as the finest watch in the world. The reason is very simple. It is made differently. It is made using skills and techniques that others have lost or forgotten. It is made with attention to detail very
      309 words
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      Page 6 Advertisements Column 2
      238 6 SINGAPORE fB 1 Business Times WE KNOW ASIA HIDDEN WORDS GAME Arc you familiar with stocks, unit trusts, commodities orcuircnaes? From now to 29 December 1994, we will be running different hidden wond games. Take this challenge... and this slick remote control wall radio with sleep timer can be yours
      238 words
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  • THE WORLD
    • Article
      Lock icon US seeks closer economic ties with EU
      429 7 Proposal aimed at curbing export subsidies and increasing bilateral trade initiatives towards Japan and China FT LONDON The US has proposed a stronger economic and trade partnership with the European Union, aimed at curbing the growth of subsidised export financing and coordinating policies
      FT  -  429 words
    • Article, Illustration
      Lock icon Conde arrives to testify in Banesto case
      111 7 Reuter MADRID Former chairman of Banco Espanol de CreditoBanesto SA, Mario Conde (left), being escorted to the High Court to testify on his role in alleged criminal acts that contributed to the bank's crisis last year. The dark-suited Conde strode grim-faced through a
      Reuter  -  111 words
    • Article
      Lock icon Programme to reduce number on welfare not effective, says GAO
      347 7 AP WASHINGTON A 1988 law designed to transform the nation's welfare system from a permanent support system into a temporary safety net has fallen far short of its goal of helping recipients find jobs, according to the General Accounting Office
      AP  -  347 words
    • Article
      Lock icon Israeli cabinet reviews plans to tax stock market profits
      296 7 FT JERUSALEM Israel's cabinet on Sunday reviewed controversial government plans to tax stock market profits from Jan 1 as debate over economic policy widened. Prime Minister Yitzhak Rabin met key economic officials after senior cabinet ministers launched a campaign to have
      FT  -  296 words
    • Article
      Lock icon British MP to complain over papers' report on lottery win
      187 7 Reuter LONDON A senior member of parliament said on Sunday that he was referring two newspapers to Britain's press watchdog for naming an Asian migrant winner of a £17.8 million (Ss4l million) lottery who asked to remain anonymous. Opposition Labour
      Reuter  -  187 words
    • Article
      Lock icon Organised crime likely to become top business worry: report
      368 7 FT LONDON The threat of organised crime will become a top item on board-room agendas next year, according to a report published on Monday by Control Risks. The report by the Londonbased international corporate security and intelligence consultant identifies four main
      FT  -  368 words
    • Article
      Lock icon OECD expects UK economy to grow 3.4% next year
      513 8 Reuter LONDON Britain's economy will grow at around 3.4 per cent in 1995, little changed from 1994, but slow to 3 per cent in 1996, the OECD's semi-annual report said yesterday. However, interest rates and inflation are both set to increase,
      Reuter  -  513 words
    • Article
      Lock icon UK data supports minimum wage case
      494 8 Newspaper says govt's own figures refute claim that wage laws cut jobs Knight-Ridder, Reuter LONDON The government's insistence that establishment of a minimum wage would reduce employment had been disproved by the government's own data, the Financial Times said yesterday. Department of Employment figures
      Knight-Ridder,; Reuter  -  494 words
    • Article, Illustration
      Lock icon Diving towards a new high
      48 8 Reuter LARGO, Florida Cuban-born free diver Francisco Ferreras making his successful 127-metre, record-breaking plunge here on Saturday. Ferreras made the dive on a single breath of air, without scuba or any other breathing apparatus, to better his previous mark by one metre. Reuter
      Reuter  -  48 words
    • Article
      Lock icon Italian tax reforms unveiled even as govt crisis continues
      498 8 Reuter ROME The Italian government unveiled plans yesterday for sweeping reform of the country's cumbersome tax system. But with Prime Minister Silvio Berlusconi at risk of being toppled, the proposals could be stillborn. The Finance Ministry published plans to cut through
      Reuter  -  498 words
    • Article
      Lock icon Iran helping Iraq violate oil embargo: US
      365 8 Reuter NICOSIA The United States has accused Iran of helping Iraq violate the UN oil embargo imposed after Iraq's invasion of Kuwait and threatened fresh UN action to discourage such activity, the Middle East Economic Survey (Mees) reported yesterday. The newsletter said the
      Reuter  -  365 words
    • Article, Illustration
      Lock icon Major fights back as senior Tories warn of rout
      417 8 Reuter LONDON Prime Minister John Major is trying to fight back after a run of political disasters, but senior party figures are warning the Conservatives risk losing their grip on power. With parliament adjourning for Christmas today and not returning for
      Reuter  -  417 words
    • WORLD WATCH
      • Article
        Lock icon Court okays BCCI payout deal
        77 8 Reuter LONDON London's high court approved a US$l.B billion (552.6 billion) compensation deal agreed between Abu Dhabi and liquidators and creditors of the collapsed Bank of Credit and Commerce International. The decision is the first of three approvals needed before liquidators Touche Ross can proceed
        Reuter  -  77 words
      • Article
        Lock icon German recovery seen continuing
        86 8 Reuter KRANKHJR 1 The German economic recovery, picking up noticeable speed this summer, is likely to expand further in 1995, the Bundesbank wrote in its December monthly report. "Virtually all indiaitors point upwards," it wrote. But it also said problem areas, like unemployment, remain. Capacity utilisation
        Reuter  -  86 words
      • Article
        Lock icon EU ministerial nod for Gatt pact
        78 8 Reuter BRUSSELS European Union foreign ministers yesterday gave broad approval to the Gatt Uruguay Round trade accord but left it to another ministerial meeting later this week to rubber stamp the deal, an EU source said. The ministers approved the overall package, including measures
        Reuter  -  78 words
    • Article
      Lock icon Gulf states gather to grapple with border rows, security issue
      250 8 Reuter MANAMA Leaders of the Gulf Arab states gathered in Bahrain yesterday for an annual summit expected to be dominated by border disputes, ties with neighbouring Iraq and Iran and means of boosting their collective security. Border disputes between Qatar
      Reuter  -  250 words
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      256 7 We Took The Most Sophisticated Dynamics Of Ride And Handling jr S I V<V v'-'VI f S» V V v V V V cjU disc brakes ride/^ y I SL j J» v •"i <$m < '4\ And Put Them Into Perfect English. > a. V *&..<*.■ ,i II J%
      256 words
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      Page 8 Advertisements Column 1
      280 8 I=.. -INFlßline 4 In English Number Horoscopes (Daily) 8450 The SAGITTARIUS Employee; Win Prizes! Entertainment News 8451 Battle Of Songs... Ghost Stories 8452 Transformation; Win Prizes! Children's Funland 8453 Jade Emperor Discovers The Truth About Wukong Face Facts 8454 Margaret Thatcher Dreamland 8455 Fandi Ahmad A Dreams Go On; Managing
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      25 8 SEASON'S GREETINGS iHSIANG LIQUORS BRING GOOD CHEERS! Consistent delivery Hsiang Liquors Trading (I/E) Blk 88 Zion Road #01-105 Singapore 0316 \y*y Tel: *****43/*****11 Fax: *****83
      25 words
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  • SPORTS
    • Article
      Lock icon Ernie Els cruises to victory
      861 9 Johnnie Walker World Championships NYT MONTEGO BAY, Jamaica When Ernie Els won the US Open in June, there was a great deal of talk about him being the player of the future. Never mind the future. In the final tournament of the year. Els has
      NYT  -  861 words
    • Article, Illustration
      Lock icon Aussie golf great in the making at just 19
      450 9 Golf AP GOLD COAST, Australia She's just 19 and has played in only two professional golf tournaments in her life. But already the word is out about Karrie Webb. "If you are not impressed with her, then you don't know anything
      AP  -  450 words
    • Article, Illustration
      Lock icon Buffalo Bills out of Super Bowl after four-year run
      779 9 National Football League UPI NEW YORK The team that would not go away finally did on Sunday. After dominating the American Football Conference for four years and then continually coming up short in the final game of the season, the Buffalo
      UPI; Reuter  -  779 words
    • SCORE CARD
      • Article, Illustration
        American Football
        313 9 NEW YORK NFL Sunda>: Buffalo 17 New England 41; Chicago 27 LA Rams 13; Green Bay 21 Atlanta 17; NY Jets 6 San Diego 21; Washington 14 Tampa Bay 17; Arizona 28 Cincinnati 7; Indianapolis 10 Miami 6; Kansas City 31 Houston 9; Philadelphia 13 NY Giants 16;
        313 words
      • Article, Illustration
        Basketball
        19 9 NEW YORK NBA Sunday: Milwaukee 98 Utah 101; New Jersey 103 Miami 102; Portland 111 New York 87.
        19 words
      • Article, Illustration
        Lock icon Cricket
        131 9 Reuter lOOWOOMBA, Australia England were 188 for three, a lead of 303. at the close-of-play on the third day of their four-day match with Queensland on Monday. Scores: England 507 for six declared (M Gatting 203 not out. J Crawley 91, A Stewart 53 not out. G Gooch 50)
        Reuter  -  131 words
      • Article, Illustration
        Golf
        111 9 MONTEGO BAY, Jamaica 1552.7 million World Championship final round Sunday (US unless noted): 268 Ernie Els (SA) 64-64-71-69 274 Nick Faldo (Eng) 67-67-73-67. Mark McCumber 67-70-70-67 275 Brad Faxon 72-70-69-64. Paul Azingcr 71-74-62-68, lan Woosnam (Wales) 70-68-69-68 276 David Gilford (Eng) 71-64-73-68. Jeff Maggert 68-72-70-66. Bernhard Langer (Ger) 70-70-68-68
        111 words
    • Article
      Lock icon Dynamic Drexler helps Portland Trail Blazers dunk NY Knicks
      429 9 AP PORTLAND, Oregon Clyde Drexler put on a vintage show against the stumbling New York Knicks on Sunday night, scoring 33 points, 31 in the first three quarters, as the Portland Trail Blazers rolled to a 111-87 victory. At age 32,
      AP  -  429 words
    • SIDE LINES
      • Article
        Lock icon Fina's medical chief suspended
        106 9 Reuter CHICAGO The chairman of the International Swimming Federation's (Fina) medical commission has been temporarily excluded from doping-control matters because he confirmed reports of positive drug tests by Chinese swimmers before the federation did, the Chicago Tribune reported yesterday. Dr Allen Richardson of Honolulu was found
        Reuter  -  106 words
      • Article
        Lock icon Beijing suspends discus coach
        98 9 Reuter BEIJING China's Tianjin Track and Field Association suspended coach Bai Lin, trainer of top Chinese discus thrower Qiu Qiaoping who was found taking illegal drugs at last October's Asian Games, officials said yesterday. An association spokesman said by telephone that Bai Lin is to be
        Reuter  -  98 words
      • Article
        Lock icon China sets up first private boxing club
        94 9 Reuter BEIJING China has set up its first privately financed boxing club to promote a sport once banned for almost three decades as "uncivilised". China abolished boxing in 1959 after a fighter died in the national championships, but there has been a remarkable
        Reuter  -  94 words
      • Article
        Lock icon Ex-Dallas coach to stay on TV
        103 9 AFP NEW YORK Jimmy Johnson, who coached the Dallas Cowboys to the past two Super Bowl titles, on Sunday said he would spent another year working as a television commentator for Rupert Murdoch's Fox network. He said two National Football League teams had oftered
        AFP  -  103 words
      • Article
        Lock icon Australia names unchanged squad
        121 9 AP MELBOURNE The Australian selectors yesterday named an unchanged squad of 12 players for the second Ashes Test against England, which starts this Saturday at the Melbourne Cricket Ground. Mark Taylor's team won the first Test in Brisbane by 184 runs and the selectors retained the
        AP  -  121 words
      • Article
        Lock icon NHL dispute: no new talks
        92 9 AP NEW YORK This may be the week that determines whether there will be an NHL season. Philadelphia Flyers general manager Bob Clarke said: "I don't think anybody is kidding ourselves. We are running real short of time." The lockout entered its 79th day yesterday.
        AP  -  92 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      96 9 HOW TO DEVELOP WINNING STRATEGIES Business Insight helps you evaluate hundreds of factors using rules derived from the works of over 40 experts like Michael Porter and Philip Kotler. The software answers questions like: Have you targeted the correct market segment. Should you price for market penetration or cash generation.
      96 words
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      Page 10 Advertisements Column 1
      178 10 H the Dutch C wool > 4 a> ACtUHMTATKJN IHKIPAII kill IB AfJH i*ll M MJ'f' T~% (rrtaAcatMM Ay /r/ /y/y BETHLEHEM Certificate Number; ***** I CoNGRAm£W&m~w&PT Huimm JH| AiP PertaMina Shu <* Ban SEMBAWANG f^Br I m |y| I BaWl SEMBAWANG SYSTEM PTE LTD 435 Orchard Road, #22-01 Wisma
      178 words
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      235 11 i| iJk m i/r I Owner Humpiutd Sea Ship Builder wcing Pj^j^Sß^^ 3^^-^! I B. PRINCIPAL PARTICULARS Iwr Jfetfißyoig I I HARACO SERVICES PTE LTD YEW HOCK MARINE PTE LTD I semsawang Sembawang P. 0. Box 0035 34 Defu Lane 9, I SYSTEMS Singapore 9175. Singapore 1953. I SEMBAWANG SYSTEM
      235 words
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      1404 12 Nothing BeatsAßud. where to wine, dine and entertain OF wwn rPI wr> wi^frnn^gg CHRISTMAS MENU (Christmas Eve Dinner) &S60.00" PED HEAD OSIMCW M KUAVISIA gjt Appetizing sea-fresh oysters in sprinkles of lemon. COCKTAIL M OAMBCRETTI ;Vhr-' Prown Cocktail />£*? CRESKLLE Al FUNG HI \7s~iMl Mouth-v*etering mushroom crepes in a light,
      1,404 words
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  • LIFESTYLE
    • Article, Illustration
      Lock icon New York gets most generous dose of Christmas cheer in years
      1226 13  -  People are out in the streets, shopping, eating and giving to charities, reports Douglas Martin Douglas Martin NYT THE Empire State Building is drawing at least 50 per cent more visitors than in any previous December, greeted by King
      NYT  -  1,226 words
    • Article, Illustration
      Lock icon Juliette Lewis on why she gets the better roles
      255 13 "CHATTERBOX AP JULIETTE LEWIS says there's a reason she hasn't made her career playing pretty ingenues in conventional love stories. "Because I'm not per-fect-looking, I get asked to play better roles," said the 21-year-old actress in Cosmopolitan magazine's January issue. "I'm
      AP  -  255 words
    • Article
      Lock icon Clinton, Di among the pick of '94
      113 13 AP NEW YORK Bill Clinton, Princess Diana and OJ Simpson have something in common: They hold the distinction of being on People magazine's list of the 25 most intriguing people of 1994. Other prominent names include Pope John Paul 11, Republican Newt Gingrich,
      AP  -  113 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      140 13 I Pasta B rc&ki a renounces a new I A La Carte Menu I I Executive Set Lunch at $18 0 Opening hours: j 12 2.30pm (Lunch) and 1 6.30pm 10.30pm (Dinner). j I -Pmtr* 1"*"* I PASTA RAVA ITALIAN RESTAURANT m 11 Craig Road, Tanjong Pagar Singapore 0208 L
      140 words
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      Page 13 Advertisements Column 2
      125 13 1 iiiiiiiik Masters ■i| lßfirf KB I I Olde English Eating House I 277 Orchard Rd #02-38 Specialists' Centre S (0923) ill 1 $2= CBD PASS! J U When you spend $25/- or more at Fosters for lunch Hp or afternoon tea from Mon-Sat, show us your valid B| daily
      125 words
  • Page 13 Miscellaneous
    • Miscellaneous
      Page 13 Miscellaneous Column 1
      1213 13 TV RADIO I Norman Albert ofTcring on America's artist Norman Rockwell, re- for extraordinary when you thought it was >' safe to put away the Mortein, -^<9* Eric Stoltz reappears as the NHS ill-fated otTspring of the mu- UT^T; tant mad professor. 1989 se- E• WL 4N(| sloppy green gook
      1,213 words
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  • Page 14 Advertisements
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      594 14 urn iiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii.iimnniiiiini.ini.mil.iiimmiiini..mil.ii.in A RAFFLES INTERNATIONAL HOTEL BOWING TO POBLIC PRESSORE, RAFFLES HOTEL OPENS A SINGLES BAR. -I j 3* Wkick i m mediately presents u A u/ it h two pro u. MA. J zn„ fi rAt pro m fir At: lyj oun cj men, e a €j. er to
      594 words
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  • PROPERTY & CONSTRUCTION
    • Article, Illustration
      Massive Jakarta project shapes up on 44-ha site
      641 15  -  Despite market uncertainty, the first of many buildings is set to open in April. Maggie Ford reports Maggie Ford Despite fears of a property market crash in Jakarta next year, the prestigious Sudirman project in the capital's Central Business District is already
      641 words
    • Article
      PROPERTY WATCH
      312 15 Selected transactions in the past week transaction W«Wct Project Typa T<mir 0 SSpsf PRIVATE 1 I -J Dec 12,1994 1648 ~Jalan Pergam Detached 2000/4100 FH 1,900,000 463 Dec 12,1994 2880 Jalan Jarak Semi-d 1500/3700 999 1,515*000 409 Dec 12,1994 0410 Fainways Condo Condoapt JI900 FH 1,030,000 542 Dec
      312 words
    • Article
      Thai developers resort to lures
      883 15  -  Home buyers are courted in an increasingly difficult market, reports Alan Boyd Alan Boyd TANYATHORN is accepting just a one per cent deposit for its new three-storey townhouses. Thepmonthol has extended the repayment period on its detached homes by three months and thrown in free
      883 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      76 15 I Corectsion movements RAYMOND WEIL Sikl jnd 18K gold. ScrJtch-rcsisuni sjpphirc crystal. Water-tesistant (o 30m. Ref. *****T Ladies SS 1,645 00 and Rtf. *****t Gents 55t.735.00. Celebrate This Christmas with Choose from an exquisite Raymond Weil signature Wallet or beautiful ladies Vanity Case when you purchase a Raymond Weil. Whilst
      76 words
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  • Article
    Japan must adapt to change
    523 16 EDITORIAL JAPAN is catching, or fears it is about to catch, what was previously the Western disease of "hollowing out" a loss of domestic investment and jobs resulting from an exodus of business firms to friendlier and more profitable overseas climes. In Japan's case, the
    523 words
  • WHAT THE OTHERS SAY
    • Article
      Now is Rao's chance to act
      333 16 INDIA'S ruling Congress (I) party might be reeling from the results of the recent elections in three states, but Prime Minister Narasimha Rao's economic reforms can be as safe as houses if he is able to seize on the crisis to revamp his administration
      333 words
    • Article
      Unity among Muslim nations
      194 16 IT IS heartening to note that Islamic leaders from all over the world have reached an agreement on the need to curb extremist activities by some Muslim groups that have affected the image of Islam. These groups are using Islam as a disguise to legitimise their
      194 words
    • Article
      Entering a new era of growth
      119 16 A [MEMORANDUM of Understanding (MOU) was signed on the growth triangle linking Singapore. Johor and the Riau Islands two days ago. The signing of the MOU in Johor Baru by Malaysia's Trade and Industry' Minister Rafidah Aziz is significant. Bilateral agreements between Singapore and
      119 words
    • Article
      Erosion of traditional values
      159 16 MALAYSIA'S decision last week to pay a consultancy group US$35 million to draw up a five-year programme to curb loafing among youths marks the latest effort by regional governments to come to terms with social problems spawned by their rapid economic growth. As innocuous as loafing
      159 words
    • Article
      Challenges facing Kaifu
      139 16 THE election of former Japanese prime minister Toshiki Kaifu as leader of the opposition is a significant step along the road of political reform for Japan. The significance of Mr Kaifu's election lies not so much in any suggestion that he is a towering figure. Rather, it
      139 words
    • Article
      Return of political donations
      107 16 BUSINESS corporations have started taking steps to resume political donations. The ball started rolling with car manufacturers and large banks, the corporations that traditionally made large political donations. And it is likely they will be followed by other businesses in droves. We feel like moaning. What
      107 words
  • Article, Illustration
    Is Australia heading for another recession?
    1214 16  -  If Canberra does nothing to slow economic growth, the country risks crashing into a balance of payments crisis that could lead to another recession, says Peter Osborne Peter Osborne The writer is a BT correspondent THE decision by Australia's central bank to apply the
    1,214 words
  • Page 16 Advertisements
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      91 16 t The ONE agfroNLY English pap# available on Boxinq Day 2lEieember 1994 H I G H L I O H T 5 4-D Results r >1 «Latest Local World News \f WIN! $2,000 Gift Hampers Game Vouchers I "List Ten Most Favourite Boardgame" Contest "Special Assignment" Reports k Who will
      91 words
  • Page 16 Miscellaneous
    • Miscellaneous
      Page 16 Miscellaneous Column 1
      62 16 f soßrv, it's Five) (Come Back at jto CI'M LOOKING V PfrST NIN£ J f1 V F,v fe-- J r~^ —-v POONESBURY GARRY TRUDEAU J.J.I DON'T KNOW UJHAT IMSAN, I STIU- 0PP056 P/6YOWRB GETTING SOWORKGP ■we SAME COPS CON- H CRIMINATION. ISTTLL SUP- MOUT OPST^POY I VIG7IONSANPPFINCI- H mBPfiOPUCMf**&OM, M^TONm
      62 words
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  • ANALYSIS
    • Article, Illustration
      Lock icon Can the exodus be stemmed?
      1548 17  -  Legions of small and medium-sized Japanese firms are expeeted to join the multinationals in shifting produetion offshore from next year. Anthony Rowley looks at how this will affect Japan's recovery and its politics Anthony Rowley The writer is BT's Tokyo correspondent THE much-heralded "hollowing out"
      Source: Nomura Research Institute  -  1,548 words
    • Article, Illustration
      Lock icon Intel's second big mistake
      1286 17  -  The company's poor handling of the Pentium crisis has done little for its corporate image or credibility, reports Elizabeth Corcoran Elizabeth Corcoran The Washington Post Thanksgiving Day, on Nov 17, did not find Andy Grove, chief executive of Intel Corp of Santa Clara. California, feeling very
      The Washington Post  -  1,286 words
  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      101 17 Factory/warehouse/office at Ang Mo Kio Industrial Park 2 <*•' i 4Ki?2 "~r» jf rw' f <>> -."a >-■'~* Building Permit no: 4227/S4 y4 rare opportunity to Prime location OWTI CI corporate Close proximity to canteen building for your and mrt factory/warehousing Easily accessible via CTE arid office needs. Ample carparking
      101 words
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  • Article
    Lock icon Japan plans first budget spending cuts in 40 years
    393 18 Reuter TOKYO Japan's finance ministry, faced with slumping tax revenues, yesterday proposed an austere national budget for next fiscal year that would cut spending for the first time in 40 years. Finance Minister Masayoshi Takemura unveiled a draft budget totalling 70.99
    Reuter  -  393 words
  • Article
    Lock icon Tokyo forecasts GDP growth of 2.8%
    366 18 AFP. Bloomberg Business News TOKYO The Japanese cabinet yesterday adopted the government's official economic outlook for the coming year, forecasting 2.8 per cent growth in gross domestic product (GDP) and a rebound in capital investment. "The economy is expected to expand, driven by the
    AFP.; Bloomberg Business News  -  366 words
  • Article, Illustration
    Lock icon Russian troops within shelling distance of Grozny
    416 18 AFP. Reuter GROZNY. Russia Russian troops yesterday reached shelling distance of the heart of the Chechen capital as the Moscow government ordered new efforts to "liquidate" separatists. The push took the Russian forces, backed by artillery and tanks, to within about six kilometres
    AFP.; Reuter  -  416 words
  • Article
    Lock icon Sheraton chain owner buys Caesars World for US$1.7b
    357 18 Reuter, Bloomberg Business News NEW YORK In a deal that may mark the start of a longanticipated consolidation in the casino business, ITT Corp, owner of the Sheraton hotel chain, said yesterday it agreed to buy Caesars World Inc for about US$1.7
    Reuter,; Bloomberg Business News  -  357 words
  • Article
    Lock icon US to urge N Korea to release surviving pilot
    296 18 AP WASHINGTON The White House promised yesterday to "press very hard" for the release of a pilot downed in North Korea, but said the incident docs not need to unsettle fragile diplomatic relations with the communist state. North Korean officials, communicating
    AP  -  296 words
  • Article, Illustration
    Growth triangle: time for Johor to take higher profile
    840 18  -  The Bottom Line YANG RAZALI KASSIM YANG RAZALI KASSIM The writer is BT's Regional Analysis Editor THERE ARE things that start when they should. And there are things that start even before they begin. As strange as it may sound, this
    840 words
  • Article
    Lock icon Philip Morris sells Kraft division for US$700m
    221 18 Reuter NEW YORK Tobacco, food and brewing giant Philip Morris Co Inc yesterday agreed to sell its Kraft Foodservice division to private investment firm Clayton. Dubilier Rice for about US$7OO million (551.03 billion) in cash. With annual revenues of approximately $4 billion. Kraft
    Reuter  -  221 words
  • Article
    Lock icon China bans new luxury projects in 1995
    246 18 Reuter BLUING China has banned new luxury projects in 1995 and ordered a halt to new golf courses and race-tracks to combat soaring fixed-asset investment. the Xinhua news agency said yesterday. The news agency quoted an official of the State Planning Commission as
    Reuter  -  246 words
  • Article
    Lock icon Extraordinary deal may soon free Bond from bankruptcy
    182 18 AP MELBOURNE Failed entrepreneur Alan Bond, one of Australia's most colourful businessmen in the 1980s, could be out of bankruptcy by the end of the week after pulling off an extraordinary business coup, reports said yesterday. Creditors of Bond's former family company,
    AP  -  182 words
  • Page 18 Advertisements
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      Page 18 Advertisements Column 1
      51 18 Nitsuka Digital Keyphone Systems UaagEilftletliiidog) 51 LEEDON PARK 7 i I District 10, off Holland Rd 51 LEEDON PARK S. I v i IX Freehold NX Designated good class bungalow area Site Area: 5,244.8 sqm For Sale By Tender Tender closing on 12 January 1995, Thursday at 3pm. Sole Marketing
      51 words
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      Page 18 Advertisements Column 2
      25 18 Distributor: Jel 27S 70SS F3 x' 27 8 78 9 8 Singapore Communication* Equipment Co Rte Ltd font w Quality Service v V V j
      25 words
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  • COMPANIES & MARKETS
    • Article
      F&N, APB may raise soft drink, beer prices to beat cost squeeze
      432 19  -  By Lee Han Shih SINGAPORE Rising costs could compel Fraser Neave (F&N) and its associate AsiaPacific Breweries (APB) to raise the retail prices of CocaCola, Tiger beer and other drinks. Disclosing this at a briefing yesterday, F&N group
      432 words
    • Article, Illustration
      Lock icon Oakwell's share offer 1.5 times subscribed
      150 19 SINGAPORE Oakwell Engineering's initial public offer closed I.S times subscribed yesterday, a respectable performance considering the weak market sentiment. Application money totalled about $13.9 million. On Dec 5, the company offered 20 million 15-cent shares. There were 15 million public offer shares at a
      Photo by Chris Loh  -  150 words
    • Article
      MRCB unit spending M$1.2b on mobile network
      511 19  -  From Ruth Wong in KUALA LUMPUR MRCB Telecommunication Sdn Bhd, set to be Malaysia's next mobile phone operator, will spend Ms4oo million (*****.6 million) to set up the first phase of its Personal Communications Network. The wholly owned subsidiary of conglomerate Malaysian Resources
      511 words
    • Article
      ICB bid on FEB renews inner reserves debate
      741 19  -  HOCK LOCK SIEW By Quak Hiang Whai SINGAPORE The bid by Industrial Commercial Bank (ICB) to take over unlisted Far Eastern Bank (FEB) has again brought to light.the question of banks' secretive inner reserves. Is ICB's bid, which closes today, of $3.95
      741 words
    • Article
      Singamas joint venture to make refrigerated containers in China
      254 19 SINGAPORE Hongkonglisted Singamas Container Holdings has formed a joint venture in China to make refrigerated containers or "reefers" in Jiangsu province. Shanghai Singamas International Container Co is a 50year joint venture with Shanghai Jiading Goods Cupboard Machinery General Plant. In October,
      254 words
    • Article
      SIA signs up for 10 Airbuses, option for 20 more: report
      204 19 SINGAPORE Singapore Airlines, which disclosed plans in June to buy up to 30 Airbus planes, was reported yesterday to have signed a contract to buy 10 A340-300E models with an option for 20 more. Reuters reported Airbus Industrie of
      204 words
    • EYE on your STOCKS
      • Article, Illustration
        MARKET MOOD
        41 19 Mixed Market Mood indicates the likely trading sentiment today, based on brokers polled at 5-6pm yesterday Overnight events may alter sentiment. Brokers polled: Alliance. Baring, l)ama, Kay Hum Morgan iJrenfeU. Nomura, Phillip. Smith \e* Court and SO W arhurg.
        41 words
      • Article, Illustration
        HOT STOCK
        110 19  -  By Quak Hiang Whai. DESPITE some rebound in the last few sessions, Kamunting is still trading near its short and medium support at 51.20. The stock looks like a good medium-term buy with its weekly RSI having dropped to the lowest level in more than two years. Bullish
        110 words
    • COMPANIES
      • COMPANY BRIEFS
        • Article
          WBL Corp forms China joint venture
          81 20 SINGAPORE WBL Corporation Ltd has formed a joint venture in Beijing called Weames Beida Biotech Co Ltd with the Science and Technology Department of Beijing University. WBL will subscribe for 51 per cent of the registered and initial paid-up capital of the joint venture,
          81 words
        • Article
          Times HR vice-president quits
          31 20 SINGAPORE Tao Yeoh Chi, vice-president of human resources and information technology, has left Times Publishing on Dec 15 to pursue career opportunities elsewhere, the group said yesterday.
          31 words
        • Article
          Dragon FRN fixed
          40 20 SINGAPORE The interest rate on the Nana Bank US$BO million (S$U7.2 million) Dragon Floating Rate Notes due 1999 for the period Dec 16, 1994, to June 16, 1995, has been fixed at 7.35 per cent per annum.
          40 words
        • Article
          Fraser and Neave warrants
          58 20 SINGAPORE The Stock Exchange of Singapore yesterday urged dealers and remisiers to advise their clients that if they buy Fraser and Neave Ltd Warrants 1998 on or after Feb 6, 1995, they will not be able to convert these warrants into shares of F N in
          58 words
      • Article
        Corrections and clarifications
        80 20 IN yesterday's BT report headlined "Poor showings by IPOs as investors lose enthusiasm", we mistakenly named Ogilvy Mather as the public relations consultant for the Super Coffeemix and Oakwell Engineering floats. The public relations agency handling both floats was in fact Burson-Marsteller (BM). The total number of
        80 words
      • Article
        Lock icon Tongkah signs power plant, land bridge deal with Landmarks
        138 20 Reuter BANGKOK OtTshore tin and gold ore mining firm Tongkah Harbour pic said it has signed two memoranda of understanding with Malaysian conglomerate Landmarks Bhd for a power plant and a land bridge. Tongkah said in a filing with the Stock
        Reuter  -  138 words
      • Article
        Lock icon Zalik sets up Philippine broking, banking units
        206 20 Bernama KUALA LUMPUR Zalik Bhd has incorporated a whollyowned investment subsidiary known as Zalik Philippines Inc, in the Philippines. The company said in a statement on Saturday that the authorised share and paid-up capital of Zalik Philippines would be 100.000 pesos (556,072), comprising
        Bernama  -  206 words
      • Article
        Kabelmetal, Pirelli team up for US$70m cable venture
        412 20  -  By William Chia SINGAPORE Listed cable maker PT Kabelmetal Indonesia and Italian tyre and cable company Pirelli are setting up a US$7O million (Sslo2 million) joint venture to supply telecommunications and power cables to the Indonesian market. Kabelmetal, which is part of
        412 words
      • Article, Illustration
        Lock icon Strike at Philippine phone company takes its toll
        328 20 AP MANILA The Philippine Long Distance Telephone Co felt the pinch yesterday of a strike aimed at pressuring it to start negotiating a new collective bargaining agreement. The company contends that the strike is illegal. "There was heavy participation today," said company
        AP; Reuter  -  328 words
      • Article
        Lock icon Interest rate millstone to weigh down KL market: analysts
        439 20 Reuter, Bloomberg Business News KUALA LUMPUR Malaysia's stock market, consolidating virtually for the whole of this year, is unlikely to fare much better in 1995 as the cloud of rising interest rates continues to hang over the world's markets, analysts said.
        Reuter,; Bloomberg Business News  -  439 words
      • Article
        Untitled
        1328 20 ggTj*KWgsAJ Pa>ment Ex Books Pay dale close date A1SB SO* b 3 Jan 6 Jan 20 Jan 27 Amtck Eng 20* F 6TE Dcc 12 Dec 16 Dec 30 Anlah Hldgs 50* b 6 Nov 23 Dcc 9 Jan 5 Asia Pac Ld I 2TE Nov 23 Dcc 7 Jan
        1,328 words
      • Article
        Lock icon China state firms to fight Lehman's loan-default claims
        398 21 AFP HONGKONG Two Chinese government-run firms vowed yesterday to "vigorously" fight elaims by US investment bank Lehman Brothers of default, maintaining they were the result of "unfair" marketing. Cao Yongfang, president of Minmetals International NonFerrous Metals Trading Co, said in a statement
        AFP  -  398 words
      • Article, Illustration
        Lock icon Assembly-line catnap
        45 21 AFP SHENZHEN Workers in a car alarm factory taking a quick nap during their 10-minute afternoon break on Saturday. The Hongkong-owned factory, like hundreds of others, have switched their manufacturing base from the territory to the mainland because of cheaper production costs. AFP
        AFP  -  45 words
      • Article
        Lock icon China's Florens shares fall 19% after IPO flops
        252 21 Bloomberg Business News HONGKONG Chineseowned container leasing concern Florens Group tumbled 19.3 per cent on its Hongkong trading debut as investors sold off excess shares they were saddled with after the initial public offering flopped. Florens shares fell 55.5 HK cents to
        Bloomberg Business News  -  252 words
      • Article
        Lock icon Brokerage urges Beijing to boost B market
        239 21 Bloomberg Business News Reuter, SHANGHAI Beijing has been urged to take measures to boost China's B share market by Shanghai Haitong Securities deputy general manager Tang Ren rang, the Liberation Daily reported yesterday. Mr Tang, whose firm is part of the official Communications
        Bloomberg Business News; Reuter,  -  239 words
      • Article
        MKI and other scandals dampen HK market
        906 21  -  MARKET WATCH By Steve Vines HONGKONG The saying when the going gets tough, the tough get going appears to have a particular relevance to the affairs of the troubled Hongkong-based MKI Corp. Last Tuesday the watchdog Securities and Futures Commission took the unprecedented
        906 words
      • Article
        Lock icon China's paper venture borrows 320m marks to buy new machinery
        224 21 Bloomberg Business News HONGKONG Ningbo Zhonghua, a paper manufacturing joint venture company in eastern China, has borrowed 320 million dcutschemarks (*****.4 million) to finance the purchase of two paper board machines. Ningbo is owned by China Strategic Investment, a Hongkong
        Bloomberg Business News  -  224 words
      • Article
        Lock icon HK firm Chesterfield says takeover bid is called off
        277 21 Bloomberg Business News HONGKONG Hongkong investment company Chesterfield Ltd said an independent party had decided not to proceed with a bid to take over the company. Earlier, Chesterfield chief executive Paul Liu said in a statement that the company had been
        Bloomberg Business News  -  277 words
      • COMPANY BRIEFS
        • Article
          Lock icon Dickson Concepts first-half up 2%
          87 21 Bloomberg Business News HONGKONG Fashion and watch company Dickson Concepts International Ltd said its net profit rose 2.04 per cent to HK$ 146.5 million (5527.8 million) in the six months ended Sep 30, from HK5143.56 million a year ago. Net profit is profit attributable to
          Bloomberg Business News  -  87 words
        • Article
          Lock icon Nam Hing net profit rises 27.8%
          64 21 Bloomberg Business News HONGKONG Electrical insulator and printed circuit board maker Nam Hing Holdings said its net profit for the six months ended Sep 30 rose 27.8 per cent to HKSI7.2 million (553.2 million) from HKSI3.S million. Nam Hing said first-half sales totalled HK$
          Bloomberg Business News  -  64 words
        • Article
          Lock icon Deutsche Babcock's Asian move
          64 21 Bloomberg Business News OBERHAUSEN, Germany German plant and machinery maker Deutsche Babcock AG said it acquired a controlling majority in textile machine-maker Moenus AG to bolster its presence in Asia. "Because of the flight of the textile market to the Far East, German textile machine makers
          Bloomberg Business News  -  64 words
        • Article
          Lock icon Kobe Steel, TI to invest on chip plant
          73 21 AFP TOKYO Kobe Steel Ltd and Texas Instruments Inc announced plans to invest 50 billion yen (***** million) yesterday to double semiconductor production capacity at a joint-venture plant in Nishiwaki in western Japan The companies said the investment by KTI Semiconductor Ltd,
          AFP  -  73 words
      • Article
        Lock icon China cites successes in securities markets
        200 21 Reuter SHANGHAI China has claimed "big new developments" in its securities markets for 1994. Among them were a quick expansion of the markets and more contacts with international securities bodies, said the China Securities newspaper yesterday. The paper, run by the Xinhua news agency,
        Reuter  -  200 words
      • Article
        Lock icon Survey finds Asia promising for equities, US for bonds
        511 22 Reuter TOKYO Japan and other Asian markets are promising for equities over the next two months, while Japan and the United States are attractive for bonds, according to a Reuter survey of global asset allocations recommended by Japanbased institutional investors. Many
        Reuter  -  511 words
      • Article
        Lock icon Queen's Moat Houses plans to swap £200m debt for equity
        436 22 Bloomberg Business News LONDON Financially troubled UK hotel company Queen's Moat Houses pic is proposing a £1.3 billion (Ss3 billion) restructuring that would include swapping £200 million in debt for equity. Existing ordinary and preference shareholders, who must approve the
        Bloomberg Business News  -  436 words
      • Article
        Lock icon US court likely to allow BAT takeover of American Tobacco
        401 22 FT NEW YORK BAT Industries, the British tobacco and financial services group, looks well-placed to win a US court's consent this week for its planned US$l billion (551.47 billion) takeover of American Tobacco, the fifth biggest US cigarette maker. Over
        FT  -  401 words
      • Article, Illustration
        Lock icon Saatchi ouster poses new problems
        576 22 Ex-chairman may start new agency, company's two biggest clients upset NYT LONDON The ouster on Friday night of Maurice Saatchi as chairman of the Saatchi Saatchi Co may have satisfied disgruntled shareholders of the advertising agency group. But it has created a whole new set
        NYT; Source: Datastream  -  576 words
      • Article, Illustration
        Lock icon Wanted Aussie tycoon freed
        62 22 Reuter PALMA DE MALLORCA, Spain Australian entrepreneur Christopher Skase, 46, with wife Pixie on Saturday after his release from custody following a Spanish court decision not to extradite him to Australia. The Australian government had waged a legal battle for his return to face fraud and
        Reuter  -  62 words
      • Article
        Lock icon Trafalgar offers £1.2b for Britain's N Electric
        471 22 Reuter, AFP LONDON Engineering and property group Trafalgar House pic said it would ofTer £44.35 in cash and 65 new Trafalgar House convertible preference shares for every 10 Northern Electric shares, valuing each Northern Electric share at £10.77. Trafalgar said buying Northern Electric
        Reuter,; AFP  -  471 words
      • Article
        Lock icon Rolls-Royce to have BMW engines after 2000
        219 22 AP LONDON Rolls-Royce Motor Cars said yesterday it has reached an agreement with BMW which will put the German company's engines into the luxury British cars in the next century. Rolls-Royce's parent company, Vickers pic. said it had reached an agreement in principle
        AP  -  219 words
    • FINANCE & COMMODITIES
      • Article, Illustration
        OAC insures for future with revamp
        548 23  -  CEO Law Song Keng overhauls structure for efficiency, uses new products for progression By Soh Tiang Keng SINGAPORE Overseas Assuranee Company (OAC), an associate of OCBC Bank, has revamped its organisational structure to boost efficiency and reflect a more progressive image. The restructuring process
        548 words
      • Article
        Lock icon Bond underwriters, commercial bankers compete for business in Hongkong
        538 23 Bloomberg Business News HONGKONG The people who underwrite, trade and sell bonds are giving Hongkong's commercial banks a run for their money in the race to provide corporate capital. And the banks are fighting back. The upstart investment bankers say clients
        Bloomberg Business News  -  538 words
      • Article
        Lock icon Bond prices expected to remain depressed after 10-year rally
        489 23 NYT PARIS Like a party gone wrong, the nearly decade-long rally in bond prices has ended in an expensive mess. What is more, the mood is unlikely to improve soon. The setback, which began when the Federal Reserve Board started to
        NYT  -  489 words
      • Article, Illustration
        Lock icon Notes of contention
        56 23 Reuter PESHAWAR, Pakistan An Afghan money changer holding up newly introduced 5,000 and 10,000 Afghani banknotes in the Pakistani border city of Peshawar yesterday. Gulbuddin Hekmatyar, main opponent of President Burhanuddin's government in Kabul, is refusing to accept the new notes in his territory, putting extra pressure
        Reuter  -  56 words
      • Article
        Lock icon Merrill Lynch faces federal scrutiny after investors sue
        331 23 The Orange County financial crisi AF SANTA ANA, California The largest brokerage firm in the United States, Merrill Lynch and Co. faces scrutiny by federal regulators over its role in the financial calamity of the year: the bankruptcy of Orange County. At
        AF  -  331 words
      • Article
        Leasing firm gets M$150m guarantees
        172 23 SINGAPORK A Mslso million (5585.65 million) guarantee facilit> for Arab Malaysian Credit Berhad (AMCB) will be signed in kuala Lumpur today. Arranged by Tokai Bank, the facility, for an initial two years, can be extended for another year by the guarantor banks. AMCB is tbe
        172 words
      • Article
        Lock icon Hambros, Citic Australia form Asian bank
        168 23 Reuter SYDNEY Hambros Australia Ltd and Citic Australia Pty Ltd said they have established a new regional investment bank to be known as C H Capital Ltd. Hambros, a Hambros pic group member, and Citic Australia. a subsidiary of China International Trust and investment
        Reuter  -  168 words
      • SMALL CHANGE
        • Article
          Lock icon HSBC Canada unit's profit up 35%
          118 23 Reuter HONGKONG HSBC Holdings pic said its Hongkong Bank of Canada unit earned consolidated net income of C 585.9 million (5590.4 million) in the year ended Oct 31, 1994, up 35.8 per cent over the previous year. For the fourth quarter ended Oct 31,
          Reuter  -  118 words
        • Article
          Lock icon BOJ names new executive director
          76 23 Knight-Ridder TOKYO Takashi Anzai. director of the Bank of Japan's bank supervision department, has been appointed the bank's executive director, the central bank announced yesterday. The appointment follows the promotion of Yasuo Matsushita to governor of the central bank, replacing Yasushi Mieno, who has retired.
          Knight-Ridder  -  76 words
        • Article
          Lock icon No easing of asset allocation rules yet
          97 23 Reuter TOKYO Japan's financc ministry has not yet made a decision on whether to relax asset allocation rules for investment advisory firms and financial institutions managing corporate pension funds to let them invest more in stocks, a ministry official said. "We have been
          Reuter  -  97 words
        • Article
          Lock icon Nippon Investors maintains rating
          45 23 Reuter TOKYO Nippon Investors Service Inc said it maintained its AA- rating on the Industrial and Commercial Bank of China's 15 billion yen (552.58 billion) in five-year samurai bonds due on Dec 10, 1998, after NIS conducted its annual review. Reuter
          Reuter  -  45 words
      • Article
        Lock icon Investors welcome Swiss Re, CS Holding tie-up
        534 24 Bloomberg Business News ZURICH Investors and analysts have welcomed the alliance between CS Holding and Swiss Reinsurance, which is aimed at bolstering the two companies' share of the fledgling insurance derivatives and financial reinsurance businesses. Swiss Re, the world's second largest reinsurer, will
        Bloomberg Business News  -  534 words
      • Article, Illustration
        Lock icon HK inventor turns plastic into diamonds
        559 24 Reuter HONGKONG The adage that one man's trash is another's treasure is living truth for a Hongkong scientist making diamonds from cheap plastic junk, even shopping bags. In a simple, inexpensive university experiment reviving every alchemist's dream of yielding riches from ordinaiy matter, Hiroyuki
        Reuter  -  559 words
      • Article
        Lock icon Regional rubber prices expected to turn volatile this week
        458 24 Reuter SINGAPORE South-east Asian rubber prices will fluctuate this week after a strong de-mand-led rally which sent Indonesian prices soaring, traders said yesterday. By late last week, some regional prices had begun to taper ofT from the high levels on technical
        Reuter  -  458 words
      • Article
        Lock icon Brazil may adopt coffee retention
        149 24 Reuter RIO DE JANEIRO Brazil could have a voluntary coffee retention scheme in place by the end of this year, said a top government official on Sunday. Brazil's private sector was expected to discuss the question of retention yesterday and if it decided in favour,
        Reuter  -  149 words
      • Article
        Lock icon China to import more sugar next year
        342 24 Bad flooding since June, increased demand to blame Reuter BEIJING China will have to increase imports of sugar next year over the 1994 level because of a worsening shortage, the National Information Centre (NIC) said. The Economic Information Daily quoted the NIC as
        Reuter  -  342 words
      • Article
        Lock icon Russia dumping hurts Aussie wool sales
        332 24 Reuter SYDNEY Russia is dumping significant amounts of wool into Europe and China, undercutting Australian prices by a third, Australian wool industry spokesmen said. Wool International sales manager lan Kennedy said the amount of wool exported from Russia has grown since the collapse of
        Reuter  -  332 words
      • Article
        Lock icon Currency Reports:London
        211 24 Reuter LONDON The dollar held on to a half pfennig overnight gain in extremely quiet European trading with traders happy to confine activity to end year book-squaring. There was some talk in the Far East that the small dollar rise was helped by news of Russian air attacks
        Reuter  -  211 words
      • Article
        Lock icon New York
        96 24 AFP NEW YORK The dollar edged up slightly against other major currencies except the yen here early yesterday in a quiet market awaiting today's meeting of the Federal Reserve policy-setting Open Market Committee. At about 1505 GMT, the dollar was quoted as trading at 1.5747 marks, up from
        AFP  -  96 words
      • Article, Illustration
        Untitled
        1634 24 rude-Meifhled index ixikiilated ufuim/ S'pore't utp 14 IraJinf partners. Bate year I9X< US$/S$ forward rates Noon Dec 19 s$ Bid Oder 1-month 1.4624 1.4639 2-month ***** 1 4624 3-month I 4598 ***** 6-month ***** 1 4566 Source: OCBC FOREIGN CURRENCY NOTE RATES At at 9an m Dec 19 Singapore dollars
        1,634 words
    • COMMODITIES & FUTURES
      • Article
        Lock icon Eurodollars end flat ahead of Fed meeting
        1300 25 SIMEX REPORT Reuter SINGAPORE Simex Eurodollars were Hat while Euroyen futures were tirm at close. Dealers said Eurodollar participants were sidelined ahead of the Federal Open Market Committee meeting today. The market has widely discountr u ratc by the Fed in its tight
        Reuter  -  1,300 words
      • Article
        Gold ends firmer in quiet HK trade
        685 25 COMMODITY REPORTS Gold HONGKONG: Gold closed firmer on overseas buying and local physical buying, dealers said. Bullion was boosted to a high of U*****.20/70 an ounce before profit-taking pulled it down to close at U*****.80/ U*****.30. up from the local opening of U*****.40/70
        685 words
      • KNIGHT-RIDDER COMMODITY SUMMARY
        • Article
          China to boost annual grain output
          91 25 HONGKONG China aims to increase annual grain production by a total of 50 million tonnes between 1996 and 2000, the official China Daily newspaper reported yesterday, quoting Chinese Premier Li Peng. China produced a record 456.4 million tonnes of grain in 1993 and is
          91 words
        • Article
          S Korea to import more nickel
          97 25 SEOUL South Korea is expected to boost its nonferrous metals imports in 1995. according to the latest projections by the Ministry' of Trade. Industry and Energy. Imports of nickel used chiefly in stainless steel production are expected to record a 21 per cent increase
          97 words
        • Article
          Japan cotton products demand falls
          66 25 TOKYO Japan's total cotton products demand fell 4.6 per cent in October from a year earlier to 413,600 bales, or 75,042 tonnes, the Japan Spinners' Association said yesterday. Of the total, domestic demand for cotton products totaled 382.300 bales in October, down 3.9 per cent
          66 words
        • Article
          Australia set for early wheat exports
          65 25 SYDNEY Australia will have more high protein wheat available for export than earlier expected as a result of higher-than-usual protein levels, the Australian Wheat Board said yesterday. A senior AWB official said protein levels of 11.5 per cent or better had taken the market
          65 words
      • Article
        COMMODITY PRICES
        1429 25 Rubber dcc 19 Singapore Commodity Exchange Physical Price* (futures closing as at 5.30pm) Buym IsMm ——I As at 12 noon (S ccnts/kg) RSS 1 Contract (S ccnts/kg) Ck>sc Vo|umc —ufA'rll Month High Low Sett (tonnes) Interest RSS 3 Jan 95 215.50 2I6.50N RSS 4 Jan 95 210.25 211.25N
        1,429 words
    • REGIONAL STOCK MARKETS
      • Article
        Australia
        969 26 +3.0 SHARES closed slightly firmer yesterday but concerns about interest rate rises in the New Year dampened sentiment. The All Ordinaries Index closed 3 points up at 1,900.0. The All Industrials was 1.4 lower at 2,762.2 while the All Resources rose 6.9 to 1,254.8. Turnover was 192 million shares
        969 words
      • Article
        Manila
        640 26 +14.27 Stocks opened strongly yesterday, following the lead of the New York market, but profittaking pared gains. The Composite Index rose 14.27 points to close at 2,723.26. Turnover was 2.4 billion shares valued at 2.13 billion pesos. Brokers said there were several domestic developments that were likely to boost
        640 words
      • Article
        Taipei
        584 26 117.97 Stocks jumped to a two-month high in active trading, propelled by good performances of construction and cement shares. The 393-issue Weighted Price Index added 117.97 points to settle at 7,055.3. the highest level since Oct 4. Turnover was 2.71 billion shares worth NT$ 118.47 billion. The market opened
        584 words
      • Article
        Seoul
        436 26 -7.92 Share prices slid for the second consecutive trading day, with blue chips leading the fall. The Composite Index lost 7.92 points to close at 1,028.62 on volume of 33 million shares. But rises outnumbered falls 510 to 359, as many low-priced shares climbed against the backdrop of falling
        436 words
      • Article
        New Zealand
        350 26 +2.54 Stocks struggled to end in positive territory after failing to hold most of the modest morning gains. The morning firmness was on the hack ot Wall Street's gain on Friday hut brokers said some, if not most, ot that gain was on artificial factors. A broker said
        350 words
      • Article
        Bombay
        136 26 -34.35 A threat by a major opposition party to launch a campaign for the ouster of ministers named in a sugar import and a securities scandal depressed share prices. The BSE 30-share Index fell 34.35 points to close at 3.909.30. while the 100-share National Index lost 6.27 to 1.856.72.
        136 words
    • WORLD STOCK MARKETS
      • Article
        London
        909 26 +20.8 STOCKS rose to their highest level in more than two weeks, amid takeover speculation and a growing belief that US interest rates won't rise again this year. The FTSE-100 Index closed up 20.8 points at 3,034, its highest level since Dec I. Shares of Glaxo. British Petroleum and
        909 words
      • Article
        Paris
        154 26 +3.93 French shares ended a quiet session slightly higher after shedding most of their early gains, dealers said. "Buyers ran out of steam, and sellers were just waiting to sell into any end-of-year rally," a trader said. Traders said a lower opening on Wall Street also weighed on the
        154 words
      • Article
        Frankfurt
        152 26 +5.88 German shares closed firmer but off highs in dwindling activity. Dealers said the market was becalmed ahead of FOMC meeting today. The DAX Index ended up 5.88 points at 2,075.94. Frankfurt Drr 19 DM +T Acs 151 50 I I 50 B xsf Mi io to BMW 7MJ00
        152 words
      • Article
        Brussels
        191 26 -0.69 Belgian shares eased slightly in thin, directionless trading which caused analysts to question the chances of a pre-Christmas upturn. The Bel-20 Index closed 0.69 point lower at 1,393.75 in volume of 1.17 billion shares. The market fell back after passing the 1,400 resistance level in early trading with
        191 words
      • Article
        Amsterdam
        259 26 +2.47 Dutch shares closed firmer, but only just above the session's low as Wall Street's retreat eroded gains built on the back of Friday's Dow rally. Dealers see the market with a slight bias towards the upside as trading winds down towards year-end and this was reflected in a
        259 words
      • Article
        Stockholm
        128 26 -5.52 Swedish shares closed weaker as selling pressure increased in the afternoon and Wall Street opened weakly. "There is much profit taking and sellers are appearing from everywhere," a broker said. Another factor affecting trade was the uneasiness regarding the forthcoming budget. One of yesterday's winners was engineering group
        128 words
      • Article
        Zurich
        280 26 •4.0 Swiss stocks fell, losing ground in the afternoon alter a weak US opening, with strong selling in Union Bank of Switzerland and Swiss Reinsurance. The SMI Index of 23 leading stocks lost 4.0 to 2600.7 points, losing more than 28 in the afternoon from a high of 2628.6.
        280 words
      • Article
        Untitled
        688 26 Milan Dec 19 Ore +TMiuIij (Ird *50 \\mi jl i j 1350 -35 Ili -2 fan 57(0 55 (irmrnli J64U0 50 IliPm ***** uikH lialccnwnli 10*50 MB lUlfK 4500 -65 Mjgncti 1252 -I Mjgnrti Ri\p im 5* HMMaaca ***** 4is Mtmlfdivm 1147 22 (Miviiii 1955 I* < Mucin Pm 2200
        688 words
      • Article
        Johannesburg
        304 26 +27.4 South African shares extended morning gains to correct the "victory scored by the bears" in last Thursday's futures close-out. A dealer said shares "seem to have found their correct levels" after taking a hammering in busy trade ahead of the futures closeout last week. The Overall Index ended
        304 words
      • Article
        Toronto
        266 26 -3.31 Stocks softened early as players shuflled their positions following Friday's "triple witching" in the US. "I think a lot of this may have to do with expiry on Friday," said one dealer. The trader said he expects follow-through from last week's gains and firmer European markets will prop
        266 words
      • Article
        New York
        776 26 •15.81 The Dow Jones Industrial Average, which soared 41.72 points on Friday, was down 15.81 points to 3791.37 at II A.M. Est. The New York Stock Exchange Composite Index was oft 0.78 to 249.76, while Standard Poor's 500-stock Index was down 1.64 to 457.16. Declines topped advances 1.099-741
        776 words
    • Article, Illustration
      Lock icon HONGKONG
      3001 27 Bloomberg Business News HONGKONG Stocks ended mixed yesterday as expectations of further declines in real estate prices offset hopes that the Federal Reserve won't raise key US interest rates at a policymaking meeting today. The Hang Seng Index rose 11.95 points to 8.178.34. The All Ordinaries Index was up
      Bloomberg Business News; Source: Bridge Info  -  3,001 words
    • Article, Illustration
      Lock icon CHINA
      624 27 CLSA MIRRORING the Hang Seng Index, buying interest was strong in H shares in the morning, followed by profit-taking pressure during the afternoon. The H Index closed down 0.4 per cent on turnover of HK$ 156.7 million. Trade was in the Shanghai B market, with the index dropping 1.3
      CLSA  -  624 words
    • Article, Illustration
      Lock icon TOKYO
      2477 27 Reuter TOKYO Share prices closed firmer yesterday, mainly due to arbitrage-linked buying, brokers said. Higher New York stocks on Friday and a stable dollar/yen rate also helped buoy shares prices, they said. But trade remained quiet all day despite the gains. "Investors place sell orders to take profits when
      Reuter; Source: Bridge Info  -  2,477 words
    • Article, Illustration
      Lock icon BANGKOK
      1774 27 Reuter BANGKOK Stocks ended just above Friday's close as big early gains were wiped out by late profit-taking. The SET Index closed 1.31 points higher at 1.337.78. with 6.3 billion baht of shares changing hands. The index had gained 20 points in the morning. Losses led gains 165 to
      Reuter; Source: Bridge Info  -  1,774 words
    • Article, Illustration
      Lock icon JAKARTA
      1165 27 Reuter JAKARTA Share prices closed slightly higher in slow trading with the debut of paper maker Fajar Wisesa leading the focus of the day. brokers said. But caution in the market dragged Fajar down to touch an early low of 3.000 rupiah compared with its IPO of 3.200. "One
      Reuter; Source: Bridge Info  -  1,165 words
    • Article
      CLOB INTERNATIONAL
      2363 28 u u 1994 Lmt Om, IJ* OM» W» V" High lam Satr ("OOO) lli«il I u- Setter CVr P'fc Wl MALAYSIAN STOCKS* J98 160 m XLSB 54k 291 cd -9 J25 **> 287 NO 291 JO -2.9 0 1 29 8 206 105 m AMDS He 114 unch
      2,363 words
    • KUALA LUMPUR STOCK EXCHANGE
      • Article, Illustration
        Lock icon Prices rise on news of strong GDP growth
        6738 28 Bloomberg Business News KUALA LUMPUR Stocks rose as investors bid up shares in big companies such as Telekom Malaysia that are likely to grow with the nation's economy. The Composite Index rose 10.65 points to 957.25. The broad Emas index rose 2.73
        Bloomberg Business News; Source: Bridge Info  -  6,738 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        8357 29 MAIN BOARD G» lit M Al 1*94 Nil Vol Da) l-asl (Joule Di» Oi» 1M Nfl ap \>« High Loo Coapaa) Sole (000) High Low Buy«« Seller N f»» P/E Smil Price INDUSTRIAL AND COMMERCIAL 720* 417.5* ml Acma 50c 468 +6 51 474 46# 466 470 8* 4 7
        8,357 words
      • Article, Illustration
        Lock icon Index firms on strong bids for F&N, Keppel Corp
        1908 30  -  By Paul Leo SINGAPORE The local market ended higher in thin trade yesterday on selective buying by retailers and some local funds. Confidence was also boosted by Friday's strong performance on Wall Street where the Dow Jones surged 41.72 points to
        Charts by Bridge Info; Source: Bloomberg  -  1,908 words
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      229 19 NEWS VALUE YHS S'pore admits plan to sell YHS M'sia stake has collapsed (pg I) Expect the prices of the two stocks to be volatile today. HK units fail to sell in Henderson block (pg J) A dampencr for Hongkong stocks which are heavily underpinned by property assets. Non-oil exports
      229 words
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      Page 22 Advertisements Column 2
      11 22 Bond prices expected to remain depressed after 10-year rally, Fg 23
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      189 30 IN THE MATTER Of THE COMPANIES ACT. CHAPTER St AND IN THE MATTER OF WORLD PRECISION (S) PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE IS HEREBY GIVEN inpuisuant to Section 308 of the Companies Act. Cap SO that a final general meeting of the abovenamed company will be held at
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      184 30 IN THE MATTE* OF THE COMPANIES ACT, CAT. 59 AND IN THE MATTER OF SING FURNITURE PTE LTD (la Member* Voluntary J NOTICE IS HEREBY OIVEN pursuant to Section 308 (2) of Ike Companies Act, Cap. SO that (fee final Meeting of the Member* of Ike above-named Company will be
      184 words
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  • Shipping Times
    • Article
      TS A carriers agree to raise Asia-US freight rates next year
      312 31  -  By Ramesh Divyanathan SINGAPORE Members of the Trans-Pacific Stabilisation Agreement (TSA) have decided to raise freight rates next year. They have agreed on a general increase of US$325 (*****) per 40-foot container from May 1, 1995, for cargo from
      312 words
    • Article, Illustration
      Court rules consignor can sue carrier for damages
      531 31  -  By Ramesh Divyanathan SINGAPORE A consignor can recover substantial damages against a carrier if they have a contractual relationship, the High Court has ruled. It made the ruling in a cargo claims case. The Neptune Agate, reported in the latest issue of
      531 words
    • Article
      NOL to lease 2 Sumitomo tankers
      106 31 SINGAPORE Neptune Orient Lines has signed a contract to lease two 46,500 dwt Product tankers from Sumitomo Corp of Japan on a long-term basis. The medium-size, double hull tankers will be delivered in the first half of 1996. Details of the lease agreement have
      106 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      677 31 Page Col Able Shpg 9 4/5 Accord Group 12 1-3 •Ahlers Lines 15 S Ahrcnkiel Liner 6 1/2 •Appenship 6 4/5 •ANL 5 4/5 •ASCL 7 5 Astro Shpg 12 4 Avant Shpg 8 4/5 •Bank Line, The 13 5 Batamindo 9 3
      677 words
    • Article, Illustration
      Promet finishes US oil rig upgrading
      287 31  -  By Quak Hiang Whai SINGAPORE Promet Pte Ltd, the oil rig and shipbuilding arm of the listed Promet group, has completed its second job in four months for a US drilling company. The job involved upgrading the rig DR Stewart to conform with International
      287 words
    • Article
      Lock icon Passengers to sue over QE2 cruise fiasco
      265 31 Reuter, AFP LONDON Angry passengers turned away at the last moment from a Christmas cruise aboard the luxury British liner QE2 on Sunday formed an action group to sue the owners Cunard. They were enraged after turning up to be told that plumbing
      Reuter,; AFP  -  265 words
    • Article
      Lock icon Rescue chopper spots wreckage in North Sea
      156 31 AP ABERDEEN, Scotland A rescue helicopter, searching the North Sea oilfield after ships saw red alarm flares, spotted floating wreckage early yesterday, Coast Guards reported. The Coast Guard service at the north-cast Scottish oil port of Aberdeen had no immediate details of the
      AP  -  156 words
    • Article
      DAILY FREIGHTS
      1535 32 THE approach of the Christmas holidays curbed activity on the freight market this week, and although in some areas rates have eased, levels remain essentially healthy, brokers said. The Baltic Freight Index stood at 2,014. down 10 points from Thursday and 24 points down on Ihe week. In
      1,535 words
    • Article, Illustration
      Lock icon A triumph of inconsistency?
      1370 33 The European Commission's bid to change competition law in ocean transport will have fatal effects International Transport Journal LEGAL theorists will no doubt disagree with this appraisal of the discussion that took place on Nov 22 between the European Union Council of Ministers and the European
      International Transport Journal  -  1,370 words
    • Article
      THE SHIPPING GUIDE
      11081 40 This is a list of ships loading at Singapore for ports around the world. It tabulates, by destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. LE6ENO PN: ship calls at Penang after
      11,081 words
    • Article, Illustration
      Lock icon Stricter rules may not improve safety
      1008 43 US commuter airlines doubt that being under the same regulations as larger airlines will make a difference Bloomberg Business News PUTTING smaller airlines under the same regulations as larger ones could raise their costs significantly without noil ticeably improving passenger safety, US regional airline
      Bloomberg Business News  -  1,008 words
    • Article
      SHIPPING AGENTS
      3083 44 A Xm.BC on tai iter line NV: Belsin Shpg Agencies Pte Ltd (SVManne Handling Sdn Bhd (PK. PN). Accord Group: Accord Shpg Pie Ltd (SV Accord Contr Line (PK/PN). Adkris Business orporation Philippine Calsource Shpg Trdg Pre Ltd (S) Ahrenkiel Liner Service Kim Shpg T rdg (S). Mbatros
      3,083 words
    • Article
      CONFERENCES & CONSORTIA
      301 44 CONFERENCES CONSORTIA (Far Eaat/Narth Uiaifca, imclimlu Japaa): American President Lines; Sea-Land; Neptune Orient Lines; Maersk Line; Nippon Yusen Kaisha Line; Mitsui OSK Lines; Nippon Liner system; "K" Line; Orient Overseas Container Line, Hapag-Lloyd. Traaa-PaeMc Waateaand Rate Ofriwint (ftartH Hmmfci/Far Cast): American President Lines; Sea-Land; Neptune Orient Lines; Maersk Line; Nippon
      301 words
    • Article
      COURIER SERVICES
      279 44 \bacus ouriers IVI 545-8011. Fax: 545-1898. Air Express travel Tel: 533-5771. lax: 535-6144. Airborne Freight C orporation Tel: 542-8844 Fax: 542-3716 *****80 \irs»ift Worldwido Courier Tel: 278-0188 Fax: 273-8283. AJS Supplies Tel: 748-6322 (2 lines). 747-7421. Fax: 742-8975. Citx-Unk Inter national Tel: 344-3377. Fax: 345-6450. C luster link
      279 words
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      AIR FORWARDERS
      1528 44 Abex Express Freight Tel: 542-7171. Fax: *****84. Actinic Forwarder Tel: 225-1833. Fax: *****42. Activair Singapore Tel: 542-7822. Fax: *****20. Aerolink Freight International Tel: 545-8033. Fax: *****05. Anrnpml Tel: 542-5911. Fax: *****18. Air Cargo N»o Express Tel: 542-5454. Fax: *****06. Air Express International Tel: 542-7666 Fax: *****74. *****50. Air
      1,528 words
    • Article
      PORT CONDITIONS
      2527 45 ANGOLA I.obito, Namibe: Ports quiet. Soyo: A local coastal cargo vessel recently berthed alongside the Rwanda base jetty. A vessel which previously blocked the channel from the Zaire river to Rwanda base has shifted and allows passage down the channel, (abinda: Port quiet. ALI offshore crude oil export
      2,527 words
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      CRUISE & FERRY SCHEDULES
      869 45 CRUISE FERRY SCHEDULES CRUISE SHIPS Ait Dep Name of Vessel ETA ETD Ports of Calls Port Agent Telephone No DECEMBER 20 20 Megastar Aries 1600 2030 Malacca Jardine Shpg Agencies 224-1052 20 20 Renaissance I 1000 2000 Cruise to Nowhere Renaissance Cruises 222-3388 20 20 Langkapuri Star 1800 2200 Penang
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      Lock icon SHIP SALES
      731 45 The information was contributed by Simpson Spence Young. AN interesting development this week is the rumour that four early 1980's built aframaxes have been sold to clients of Ermis in Greece with various charters back, it is believed that these vessels, referred to in our report in July,
      The information was contributed by Simpson Spence & Young.  -  731 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        728 46 Vessel Voy No Berth Arrival Departure Vessel Voy No Berth Arrival Departue Jurong Port Sr. Puiut 23A.94 P03 "alongside 1912/W30 A»nw Kala.an 117/11 alot«sifc 20 12/1200 Union 4/8 P04 alongs«* 1912/1600 Batam Baftagia 12/05/94 11 akw«side 2012,2300 UrSus 02W P02 alongside 2012 0600 Balam Indafi N169 120/21
        728 words
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        CONTAINER SCHEDULES
        1573 46 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Bookini/Babnce Rslts Ship Voy No Etb/Btr Period From To From Aa Soar 149* 21/1500 1A 19/1500 19/1659 19/1900 2A 19/1700 20/0659 20 0900 4 20/1200 20/1459 20/1700 Agosta Neto 1M«£ 20/1500
        1,573 words
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        COCKETT BUNKER MARKET REPORT
        905 46 •THIS twice weekly report, compiled by Cockett Marine Oil Ltd. shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on average-sized stem. Market movements are indicated. The Cockett Bunker Price Index change and
        905 words
      • Article
        VERITAS BUNKER QUALITY REPORT
        624 46 Carbon Ok 15 Density Water Residue Ash Ntmriun Sedment *0 M M Exxon KG/M*3 V/V M M M M PPM method BO/Cknx Limits Spec E25 991 10 150 0.10 30* 010* Spec G35 991 10 18 0 0.15 30* 010* Northern Eirope 180 Ave 981 0.2
        624 words
    • AIR AND LAND TRANSPORT NEWS
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        Lock icon ATR commuter planes could return to service soon
        438 48 AP WASHINGTON The French-made ATR turboprop commuter plane, grounded in the United States after a recent crash because of concern about its safety during cold weather, may soon be back in service, a top US aviation official said on Sunday. David Hinson,
        AP  -  438 words
      • Article, Illustration
        Lock icon New generation cargo plane
        40 48 AFP KIEV, Ukraine —An aircraft ground technician walking past the new generation Ukrainian cargo plane 'Antonov-70' before its first test flight here on Friday. The aircraft will be jointly produced by Russia, Ukraine and Uzbekistan. AFP
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      • Article
        Lock icon Toyota sees domestic sales rising 10% in 1995
        196 48 Bloomberg Business News TOKYO Leading Japanese automaker Toyota Motor Corp expects its domestic vehicle sales to rise 10 per cent to 2.24 million in 1995, president Tatsuro Toyoda said yesterday. Speaking at a year-end news conference, Mr Toyoda said he also expeefs
        Bloomberg Business News  -  196 words
      • Article
        Lock icon Santa Fe, Burlington Northern agree to US$3.88b merger
        433 48 Bloomberg Business News SCHAUMBURG, Illinois Santa Fe Pacific Corp and Burlington Northern Inc on Sunday night agreed to merge their two railroads in a two-step transaction valued at US$3.BB billion (555.7 billion), hoping to defeat a hostile takeover by Union Pacific Corp.
        Bloomberg Business News  -  433 words
      • Article
        Lock icon Kiwi Air Lines resumes service on most flights
        362 48 Bloomberg Business News NEWARK. New Jersey Kiwi International Air Lines on Sunday resumed service on most of its scheduled flights, less than a week after a recordkeeping problem grounded the carrier. Kiwi suspended all service on Friday amid pressure from the Federal
        Bloomberg Business News  -  362 words
      • Article
        Lock icon Plane crash in Papua New Guinea kills 28
        284 48 AFP PORT MORESBY A plane crashed into a cliff face in a remote part of Papua New Guinea killing all 28 adults and children on board, officials said yesterday. The Twin Otter aircraft crashed on Saturday shortly after takeoff in Papua New
        AFP  -  284 words
      • LOG BOOK
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          Lock icon Ten killed in Indon ferry accident
          100 48 Reuter JAKAR TA Ten people were killed when a ferry sank after colliding with another boat ofT the Indonesian island of Sulawesi early on Sunday, an official said yesterday. Rusmana, an official with the National Search and Rescue Office, said the ferry was carrying
          Reuter  -  100 words
        • Article
          Lock icon Chinese air traffic centre in Zhuhai
          81 48 Reuter HONGKONG China will set up an air traffic control centre in Zhuhai to supervise flights over southern China's Pearl River Delta, the Portuguese news agency Lusa reported on Sunday. Wang Enchang. vice-director of the National Air Traffic Control Administration of China, said the
          Reuter  -  81 words
        • Article
          Lock icon Swazi airport may close due to strikes
          86 48 Reuter MBABANE. Swaziland Swazi Transport Minister Ephraim Magagula said on Sunday his government might close the country's only international airport because of persistent strikes. "This is the extreme option the government is looking at, while others include privatisation or selling of the airport,"
          Reuter  -  86 words
        • Article
          Lock icon US accepts Shoreline guarantees
          72 48 Knight-Ridder NEW YORK The US Coast Guard on Friday announced it had accepted the first group of vessel financial responsibility guarantees issued by Shoreline Mutual (Bermuda) Ltd and issued 11 Certificates of Financial Responsibility (COFRs). To date, 14 COFRs have been issued to vessels through insurance
          Knight-Ridder  -  72 words
        • Article
          Lock icon Amer Eagle to stop Raleigh flights
          88 48 Knight-Ridder NEW YORK American Eagle said on Friday it will cancel the remaining 34 daily flights into and out of its Raleigh/Durham, North Carolina, hub, effective from Dec 28. On Dec 10, the airline announced it would shut down the operation by early January.
          Knight-Ridder  -  88 words
        • Article
          Lock icon Iberia pilots threaten to strike
          80 48 Bloomberg Business News TOKYO Iberia Air Lines drew closer to bankruptcy over the weekend when pilots threatened to strike at the peak of the holiday travel season, the Financial Times reported yesterday. The pilots are protesting a cost-cutting plan which would require a 15 per
          Bloomberg Business News  -  80 words
      • Article
        Lock icon Eight die in Indon army helicopter crash
        145 48 AFP JAKARTA Eight people died when an Indonesian army helicopter crashed in East Kalimantan while on a border survey flight, the army headquarters' information office said yesterday. The 80-105 helicopter crashed late on Thursday in the Pujungan area of the East Kalimantan regency
        AFP  -  145 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1432 48 OCjr ET* Fid* n»_ Abu Dbatot GA892 0255 GA822 1935 GA974 2350 Milrtl Qf82 2050 Amsterdam GA893 1510 GA892 0255 KL837 1540 KL838 2335 SQ026 2355 Athwis SQ348 2250 Auckland NZ73 1425 SQ288 2045 SQ286 2035 NZ74 2235 Bahrain GF148 0905 B Son Begawan BI421 1105
        1,432 words
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      44 31 (WESIMUAA separator; Always on Course FOR SERVICE AND SPARE PARTS SUPPLY, PLEASE CALL ?0§000(D§ EU competition law: A triumph of inconsistency?, Pg 3 Stricter rules for small airlines may not improve safety, Pg 13 ATR commuter planes could return to service soon, Pg 18
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      27 31 Line* and services represented by Members o! the Registry of Accredited (affCSj® Shipping Agents, Singapore National vXjgPJJ Shipping Association. For advertising enquiries, contact Shipping Times: Tel 740-2089/740-2090
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      26 31 S&ont&i tneut&U time LONGBEACH OAKLAND Arriving every Friday Hotline 326Q23Q CENTRE STAGE Keep in step with the culture beat. The Arts. Every Monday. Business Times Wt.Km/WASIA
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      2152 32 -smmMTaa*, (mpstjtt™, import.... IMPORT..^ lIWimtMMHWri I Him DMTMATioigI NORTH AMERICA I OM»CAIXTOW«TCOttTfSC» TCIAT COATSQUTM AMBWCA ttWVICg I SWOQAHX* CAUEOWWA BWHI (OWiCI MM WIT COAT) VESSEL HOT STOK U OAR *CR SEA POL Houston CMC NT UUCP QTV VESSEI STOK I OUENOS AMES MOWTEWPEO BO 01 WHO SANTOS WW PAUMA PARANA6UA
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      1210 33 M OOCL (8) PTE LTD JAROINE SHIPPING AGENCIES JARDINE SHIPPING AGENCIES SON. BHD. 200 CANTONMENT ROAD. #12-05 SOUTH POINT, SINGAPORE 020® PETAUNG JAYA TEL: 03-*****76 FAX: 03-*****42 CFS: 03-*****42 CR NUMBER: **********0 C PENANG TEL: *****4 FAX: *****1 Jit DOCUMENTATION TEL: *****55 <INWARD)/*****90 (OUTWARO) IPOH TEL: *****3/4 FAX *****6 CUSTOMER
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      654 33 ANL. IT'S AUSTRALIAN FOR SHIPPING TO AUSTRALIA (EAST COAST) FROM AUSTRALIA (EABT COAST) *s*i/w* *i r*e hp Ibm sro mm bub hob mssn w me sro meb m hob *t kf Imc IMJAPM9I MS 19/12 21/12 ki Pt 95/01 M/ 91 MftMMMT MM 27/11 91/12 17/12 kf« lzi/12 A lUMSU
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      1422 34 I ~I I^ ROAM IE SOOTH- POflT ~T VOY NO HAMBURG ANTWERP HAVRE AMPTON KELANG S PORE HKQ KAO TYO SHI KQ6 NAG KAGA 36/246 29/11 Vl2 3/12 22/12 25/12 27/12 28/12 5/1 30/12 STUTTGART EXPRESS 07/448 3/12 5/12 7/12 30/11 25/12 30/12 KIRISHIMA 07/249 8/12 8/12 10/12 29/12 30/12
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      527 34 I S pore P.Kelang Loading for CELTIC 31/12 2/1 Rdm/Atw/UK/Nantes I WORLO ARtS 25/12 28/12 Rdm/Atw/UK/Nantes 'Loads E./W. Malaysia. Indonesia I Loading for V ENERGETIC Dubai/Bahrain/Damman/Kuwait I SEA VENUS Hodeidah/Jeddah/Aqaba H 'Loads Singapore. E./W. Malaysia. Indonesia I Loading for DONA V Los Angeles/New Orleans/ I Charleston/Norfolk/Camden OCEAN EVER Los Angeles/New
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      1142 34 norasTa I NOR ASIA SHAH (AH 9450-3 22/12 10/01 13/01 14/01 14/01 15/01 10/01 17/01 19/01 19/U I ISI MOTIVATOR 451* 20/12 17/01 20/01 21/01 21/01 22/01 23/01 24/01 20/01 2«/6l *21 31/01 /01 »/o» a/oi I 11/I 1 1 3/0 00/02 07/02 02/02 03/02 03/02 04/02 04/02 00/lf I
      1,142 words
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      1475 35 I r i F. 7 STRAITS SHIPPING PTE LTD i- MEgf 10 Hoe Chiang Road #11-01 Keppel Towers Singapore 0208 Tel: *****88 Fax: *****17 f new guinea pacific line HHIiAM9MEiAUIIIfIEiAttiAiMAUAAtfIUftMH (A service of china navigation co> l' CARGO DOl SAILS SIR Alls VtNIURI V3IE Wmi. lab 21 22 D« 23
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      2210 35 P&O dniltfl 1 tiprc P&O Containers (Singapore Agencies) Pie Ltd H|llk 11IV! 0 10 Hoc C hiang Road. #07-01 Keppcl Towers, Singapore 0208 First Class Connections WORLDWIDE |,NOCSP F 225 5327/222 7517 EXPORT IMPORT WIW VOV 'WW *PKG SIM SOU ANT HOT HAM OOT BMC LEH VESSEL WOV ZEE COT
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      267 35 FAMOUS CONTAINER LINES 80 ROBINSON ROAD, #22-02 SINGAPORE 0106 HOT LINE: *****33 (30 LINES) GOTHENBURG/SCAN 26/12 ROTTERDAM 20/12 AARHUS/COPENHAGEN 26/12 HAMBURG/BREMEN 20/12 MARSEILLE/FRANCE 22/12 FELIXSTOWE/UK 21/12 BARCELONA/SPAIN 23/12 LEHAVRE/FRANCE 20/12 GENOA/ITALT 24/12 ANTWERP/BELGIUM 26/12 LOS ANGELES/WC/IPI 21/12 STDNET/MELBOURNE 21/12 NEW TORR/EC 21/12 FREMANTLE/ADELAIDE 24/12 VANCOUVER 23/12 BRISBANE 21/12 TORONTO/MONTREAL 23/12
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      504 36 w A)- JO«N T VENTURE WV SAMUDERA INDONESIA SIR RICKMERS win SINGAPORE CHINA GREEN ERA VOY 3IC 5 lAN QtNGDAO DASA SEPUtUH VOY 3W 29 JAN XINGANG INDUCEMENT CALL PKELANG INDUCEMENT CALL HK. P GUDANG. BELAWAN. TG MAN XIAMEN. ZHANGJtGANG UTAMA HARTA I WEEKLY FULL CONTAINER SHIP FEEDER VESSEL NAME
      504 words
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      1197 36 0 HANJIN SHIPPING BOOKING TEL:- *****35-237 OPERATION TEL: *****41-253 SALES TEL:- *****30-233 DOCUMENT TEL: *****71-275 to* Wl S« UPC HAUL mm f» Wl 9N lut hau sav u WfC HANM VANCOUVtR OIX 21 12 MttCT 12/1 13/1 14/1 HMUN VMCOUttlt OIK 21/12 M WI0« 0171 31/1 29/1 27/1 HANM HAMBURG
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      1363 36 Im I« IM uc w m 09 k< iw in tu cw ut KTC u« m m w ra n ir I i GRQI MMI 11 1* 21 12 »*****2 30 1? 2/1 4/1 5 1 t/1 1/1 7/1 1)1 31/1 2/2 3/2 13 21 14 2 15/2 U/2 17/2
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      2800 37 FiftSIAN 6ULF p WEEKLY £g EVERY FRIDAY gg I" SkHM'i BB llfMO. M jtaMft *****00 SjltiSoodm, rntriß CUIODItIP DTr irn Fu |S«Mraft 2»lW< CmMnt: 4M5141/M4 fct M; flpwKiM CmWwr 4M5715 CQSTAR SHIPPING PTE LTD rw**: »<JO COSHIP CmvmMm»«/• 4MS*SO M: WS/IJ CMmllim) <MS7M 6 S*MtM W V «17-M c* Wo:
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      1049 37 FOR BOOKING 1800-*****00 (TOLL-FREE) OUT»OUMO KW OH sw HKG MO I*l «f *06 OS* MO) BUS hm in?mi* u/i? ivi? 1//12 is 19/1? 23/u 2*/i2 ?t i? 21 m 02/011 03/011 04/01 MAN HN m/HOl? 1»/12 19/12 21/12 22 23/12 26/12 ?»/12 30/12 01/01 t/S »u MO OVOI 06/01 07/01
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      969 38 1 ytMa> 1!! J?I If vov sin pe* Bl J WAWA BWUM Wgd_ 21/12 __Bal_ 24/12 1 jHAWA BHUM tOOH Tw lln PI 22/12 H VEBBEL —rr 1 A BWUM Ed_ 23/12 w,d 2,/12 1 KOTA JAOE JA0023 Wad 21/12 Frt 23/12 I^B K YANTRA BHUM MX Tw In PI
      969 words
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      215 38 uufiuioiiui/ racme Shipping J TIMBER PLYWOOD SERVICE TO U.K./CONTINENT KKU STORE PK LOADMG FOR GUNS AND ROSS SID SID 23/12 FIU/ROT/ANT/UK ANANGEL WISDOM 25/12 15/12 FLU/ROT/ANT/UK TBN 7/1 12/1 25/1 FIU/ROT/ANT/UK Loads Sabah/Moneva C R NO **********0H CONTIPAC SHIPPING PTE LTD Tefc *****32 Fax: *****49 P.K. MULTIPORT SON BHD. TEL:
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      1116 38 79 ANSON ROAD, #21-01, SINGAPORE 0207 TELE: *****92 FAX: *****57 CR **********DN BTRAITB SHUTTLE MBVICE PORT KLANG PEWANO VESSEL VOY SIN PKL VESSQ voT~| SM POM St* LAUttl 346N 11/12 23/12 (Fill) MCC CONVfVOK (004 23/1; ,FW) 2512 <sfr> HUG GLORY Wool* 23/12 (FRI) 2S/12 CSUN> HOUR IAYA ***** »/12
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      989 39 afmgiW PACIFIC INTERNATIONAL LINES (PTE) LTD] 140 Cecil Street, #03-00 PIL Building, Singapore 0106. CR NO: 100e*****00E VESSEL VOY OIN CMS JIB HOO JEO AQJ ADE PZU MSW ASA I V- KOTA BCNLIAN SAL33I 20/12 9/1 10/1 12/1 14/1 IS/1 19/1 19/1 20/1 I KOTA BCRKAT BKTIM •/1 19/1 90/1
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      917 39 ttHUI WT U mm HMWW THANH ROTTtIIOAM ANTwmf Wilt OHYOOA HMW 11/12 U/tl 13/01 15/01 10/01 17/01 Wtll 0€ MA TOON 17/11 U/01 20/01 M/ 01 23/01 24/01 Will PC *1* VMM 05/01 25/01 27/01 »/01 10/01 31/01 Will 01 TITMM TO7W 01/02 03/02 05/02 00/02 07/02 •AISO ACCEPTMC CARGO
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      564 39 jJBSAjfr Mil MYANMA «BBk FIVE STAR LINE V (Myanmar National Line) Loading for Yangon (Rangoon) S pore P.KIg P«ti P.6df HPA-AN V2OSW ta PI AVA VI3IW 23/26 Ok 27/30 0* SAGAMG V3OW 21/2% o#c PAGAN V2I(W 27/28 Ok MALAYSIA AGENTS ROUSTEAD SWtM AGENCCS Ml TU 02-03-*****00 MO. IE 02 03-3(1(7(7
      564 words
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      1718 42 I FROMEUROPE ■> feeder Ina 1 rtw jjona m store leh rtm hum mm fit w pri store hks fusan robe smuu| ngo ton BSE7OBM 4201/4701 17.12 17.12 KORRKAN MM 21.12 07.01 0101 09 01 11.01 12.01 WD. MOW KOW6 1404 21.12 22 12 2112 31.12 29.12 sx/vm «M» 24.12
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      413 42 ASIA P£N PKI SIN 5 SAILINGS/WEEK PEN PK SIN I 20/12 21/12 22/12 HKG/BKK/KEE/KHH G«noa/BarcBlona/M*»ta«s 22/12 23/12 24/12 I 23/12 24/12 25/12 HKG/BKK/KEE/KHH G'buri/Chafen/S'hokn/Oslo 18/12 19/12 20/12 j 27/12 28/12 29/12 HKG/BKK/KEE/KHH P™««« 27/12 28/12 29/12 RFPFIVINP TO Ldn/FH/Rtm/Ant/Ham/Ld. 24/12 25/12 26/12 20/12 21/12 22/12 SHANGHAI/DALIAN I JPN/KOREA/MANILA I '"M"
      413 words
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      Page 43 Advertisements Column 1
      714 43 MEDITERRANEAN FAR EAST SERVICE EXPORT: TO E/WMED IMPORT: FROM MED/EXPORT TO FAR EAST] «na wmi ww m n umhi lip ros mine ml mgq wk wt m w no oouno »nmm 20/12 25/12 oi/oi 07/01 m/oi 12/01 is/oi 17/ti 10/01 22/01 mtowHE o«is omi 17/1? 22/12 24/12 20/12 (Wl GOWM
      714 words
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      Page 43 Advertisements Column 2
      278 43 II VESSEL VOY SIN Mil SIN I I TIGER ISLAND 125N 2425/12 3005/01 11-28/01 I I CAPE HERMES 203N 26-27/12 31-06/01 11-12/01 I TIGER CAPE 012N 28-29/12 03-10/01 15-16/01 I TIGER BRIDGE 313N 0102/01 07-13/01 18-19/01 I I TIGER BAY 126N 0203/01 08-15/01 26-21/01 VESSEL VOY UN CALSIN I I
      278 words
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      Page 43 Advertisements Column 3
      353 43 wsai (IBS) scr n h« mc mc bsk MSTOI Ml* 2V12 17/U »/U 01/11 12/01 mm mm ii/ti 03/01 o«/oi 00/oi 10/01 10/01 m»U Ml« 01/01 U/01 11/01 21/01 20/01 same tmoo now 10/01 11/01 »/oi 20/01 10/01 02/02 BOIBib TUB AftlA fllfrvici WVWWM If ABW BiHYM «n (an w
      353 words
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      Page 43 Advertisements Column 4
      424 43 UTEL: *****33 (12 LinM) FAX: *****15/*****03 TELEX: R8 ***** RISHIP (3 Lines) CR NO.: **********0E LSQf ETHIOPIAN SffIPPM LUCS r .(Notto* lints ot £»*> ACCEPTING FCL AND CONVENTIONAL Vmnl Voj I ETA Loading For Spo<« Abbay Worn 42W8 26/01 Mombasa. Djibouti Assab. Massawa Abbay Wonz 43W8 28/03 Mombasa. Djibouti |Assab.
      424 words
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  • Page 45 Advertisements
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  • Page 47 Advertisements
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      Page 47 Advertisements Column 1
      424 47 ▲HYUNDAI MERCHANT MARINE CO. LTD. WESTBOUND TO EUROPE BKG: *****61 [m [~PKE PCD VESSELS VOY SM RTM MIT LEH HAM BREt FEL "21/12 23/12 ii/TT PIONEER 312W 26/TT" 13/01 15/01 14/01 15/01 15/01 17/01 21/12 30/12 31/12 H. FROHTO 3141* 02/01 20/01 22/01 21/01 22/01 22/01 24/01 04/01 06/01 07/01
      424 words
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      Page 47 Advertisements Column 2
      400 47 STRAITS/ JAPAN/ STRAITS SERVICE MULTI PURPOSE I RORO CARRIER SPECIALIZE IN HEAVY UFT CARGO UPTO 120 TONS RAMP CAPACITY UPTO SO TONS ffssa yoy sm m loonw for SAN 109 ACI 5 25/12 29/12 MTMI 27/12 BUST I 24/12 BANGKOK 21/12 HO CM MMH 11/12 HAPHONG 3/1 MOW* AOBIATNA 3
      400 words
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      Page 47 Advertisements Column 3
      673 47 VESSEL I VOY SIW ETA/D I LAX 1 OAK CH I DAL MEM/COL IHOU I NYC I NOR ALLIGATOR PRPE 56A 22/12 /23/12 01/01 10/01 11/01 12/01 12/01 12/01 13/01 13/01 HEMtY HUDSON BRPGE 60A 29/12/30/12 15/01 17/01 IS/0I 19/01 19/01 20/01 20/01 21/01 ALLIGATOR VICTORY SIA 05/01 /06/01 22/01
      673 words
  • Page 47 Miscellaneous
    • Miscellaneous
      Page 47 Miscellaneous Column 1
      305 47 TODAY'S TIDES (heifht in metres) HOUR 0000 0100 0200 0300 0400 0500 0600 0700 0800 0900 1000 1100 1200 1300 1400 1500 1600 1700 1S00 1900 2000 2100 2200 2300 2.4 2.6 2.5 2.2 1.7 1.4 1.2 1.1 1.3 1.7 2.4 2.9 3.2 3.1 2.1 2.3 16 1.1 0.7 0.5
      305 words
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