The Business Times, 16 February 1995

Microfilm: NL19772
Total Pages: 44
1 44 The Business Times
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  • Title Section
    Masthead
    12 1 BUSINESST IMES MITA(P) 194/12/94 Thursday February 16 1995 WE KNOW ASIA "85*
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  • 2am LATEST
    • Article
      Lock icon Mirror group to buy Wire TV of UK
      44 1 Bloomberg Business News LONDON Mirror Group pic yesterday said it had agreed to buy UK cable channel Wire TV from a group of companies comprising TeleCommunications, US West, Nynex Corp, Southwestern Bell, Comcast and Cable Tel.
      Bloomberg Business News  -  44 words
    • Article
      Lock icon Yeltsin signals reform slowdown
      36 1 Reuter MOSCOW President Boris Yeltsin yesterday signalled a slower approach to economic reform in a keynote document on Russia in 1995, pledging to protect farms and firms from the tough world outside.
      Reuter  -  36 words
  • Article
    MARKET SUMMARY
    171 1 Stock market indices Wednesday Change STII 2,107.69 +18.62 KLSEComp 979.28 +6.29 Nikkei 17,991.00 -147.47 Hang Seng 8,103.14 +240.47 SET Index 1,286.43 +2.46 Jakarta Comp 456.45 +2.35 Manila Comp 2,620.68 -39.83 Taipei WPI 6,576.25 +71.66 Seoul Comp 926.09 -15.40 Bombay BSE30 ..3,479.44 -36.55 CLSA China B 831.69 -19.76 Aust
    171 words
  • Article
    China imposes capital gains tax on property investment
    444 1  -  By Teh Hooi Ling SINGAPORE China has finally launched a capital gains tax on real estate investment, but exempted projects signed before Jan 1, 1994 and offered tax breaks to long-term developers. The tax, ranging from 30 per cent to 60 per
    444 words
  • Article
    Listing of Singapore Technologies units not likely until 1997: sources
    459 1  -  By Genevieve Cua SINGAPORE Singapore Technologies Pte Ltd, the new-ly-formed operating headquarters of the government-owned conglomerate, may float its high-technology and pioneer businesses such as wafer fabrication. But any dotation of individual units as well as Singapore Technologies itself is
    459 words
  • Article, Illustration
    Mixed outlook seen for March COE prices
    467 1  -  By Ramesh Divyanathan SINGAPORE The outlook for COE prices is mixed, with some car distributors saying the cost of March COEs for small and medium cars is likely to be little changed from February. However, they expect prices for other categories, except the
    467 words
  • Article
    Lock icon US consumer prices surged 0.3% in Jan
    365 1 AP Reuter WASHINGTON Consumer prices in the US started the year with the biggest increase in five months, raising concerns about a resurgence of inflation, the Labour Department reported yesterday. The Consumer Price Index rose 0.3 per cent in January, propelled by higher
    AP; Reuter  -  365 words
  • Article
    Lock icon 2am: Dow up 32, surpasses record high
    101 1 Reuter NEW YORK The Dow Jones Industrial Average yesterday surpassed its record closing high set last year as an industrial production report appeared to lessen the odds of another interest rate hike. Hopes of steady economic growth with low inflation were bolstered by
    Reuter  -  101 words
  • Article
    Regional bourses post gains
    274 1  -  By R Sivanithy SINGAPORE Except for the Philippines, regional stock markets yesterday reacted positively to a growing belief that the US inflation-interest rate scene was improving. Market interest here was also boosted by a sudden flurry of activity on Clob International, which observers said was triggered
    274 words
  • Article
    HK market soars on strong overseas buying
    270 1  -  From Lim Soon Neo in HONGKONG STRONG overseas buying yesterday boosted the Hongkong stock market, lifting the blue-chip Hang Seng Index 240.47 points or 3.06 per cent to 8,103.14. The market had fallen 1.41 per cent (112.15 points) on Tuesday, following a South
    270 words
  • Article
    MPHB shares said to be manipulated
    161 1 SINGAPORE Malaysian counter Multi-Pur-pose Holdings Bhd again attracted strong buying interest yesterday, leading to claims that it is being manipulated. The stock, listed in Kuala Lumpur and traded over-the-counter on Clob International, gained 11.6 per cent on rumours that it is a Hong Leong
    161 words
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      178 1 I Bu rberrys j Reigns when it pours l**"" X X XV^XX'XXXXXXXXXXX-XXXXX CONTENTS 2 S-pc^lrsw'lS.lSl/ Regional News 3.4.5 Financial 19.20 World News 6 Features Marfcets Analysis 13 Cloto/KLSt. S£S 2426 Editorial 12 Regional 22 Sports 8 World 23 TV/Lifestyle 11 Currencies 20 Law 9 Simex/Commo ...20.21 SufescrtptjM Tel 1800-*****77 Fa»
      178 words
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      19 1 Innovation: Pg 9 Photos any way you want China, US begin last-ditch efforts to avoid trade war, Pg 14
      19 words
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      22 1 J Hock Lock Siew: Pg is Heavyweights on light rail wagon STH's revamp sets stage for thrust into pioneering ventures, Pg 15
      22 words
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      9 1 Non-bank customer loans crossed $90b mark last Nov, Pg2
      9 words
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      121 1 Bottom Line: Ph n Beaming Mr Murdoch >\:'-<&\*%_\.`{?.}-`>{+|_|(''%= Production data hint at slowing in US activity, Pg 14 tMUfSM dHH Lead School: London School of Economics B.Sc Management Degree B.Sc Economics Degree Accounting B.A, /Dip. in English Banking Finance Economics Management E ,r y r D| P En g |lsh:
      121 words
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  • SINGAPORE NEWS
    • EYE on the ECONOMY
      • Article, Illustration
        Lock icon Growth strong, but margins weaken
        328 2  -  By Genevieve Cua THE PRICES that Singapore gets for its exports dropped in the fourth quarter of last year, dragged down by continued falls in the prices of major items such as mineral fuels and machinery and transport equipment. The Export Price Index slipped 2.5
        Source: Dept of Statistics  -  328 words
    • Article
      Savu raises $270 m to refinance earlier loan
      159 2 SAVU Properties has raised $270 million in the local capital market to refinance an earlier loan. The developer of Caltex House raised $220 million through a syndicated facility jointly arranged by DBS Bank, IBJ Merchant Bank and United Overseas Bank, and another
      159 words
    • NEWS ROUNDUP
      • Article
        Kwek Leng Beng is Redas patron
        61 2 CITY Developments executive chairman Kwek Leng Beng has joined property tycoon Ng Teng Fong and developer Lee Chin Chuan as an honorary patron of the Real Estate Developers* Association of Singapore. Mr Kwek is also chairman and managing director of CDL Hotels International, Hong
        61 words
      • Article
        Ad code to cover direct selling on TV
        48 2 THE Advertising Standards Authority of Singapore said the advertising code will be revised and updated to take direct selling on television into account. The move comes after the Consumer Association of Singapore received a number of complaints concerning TV commercials.
        48 words
      • Article
        Joint business programme
        48 2 THE Trade Development Board's Export Institute of Singapore and Ngee Ann Polylechnic are jointly organising a management programme for doing business overseas. University and polytechnic graduates will be able to earn a diploma in international business by attending part-time courses for l'/i to two years.
        48 words
      • Article
        Kwa Soon Bee is new zoo chairman
        52 2 MINISTRY of Health Permanent Secretary Kwa Soon Bee has been appointed the Singapore Zoological Gardens' new chairman. He succeeds the late Ong Swee Law, who passed away on Feb 4. Dr Kwa has been a member of the zoo's board for the past
        52 words
      • Article
        Mobil sets a quality first
        48 2 MOBIL Oil Singapore said it had become the first oil company in Singapore to have obtained ISO quality management certification for both its manufacturing and marketing operations here. Mobil received its fourth and latest ISO certification for its Jurong refinery and petrochemical complex.
        48 words
      • Article
        Transport conference in September
        50 2 SINGAPORE will host a three-day, high-level transportation conference in September. Some 300 delegates from 14 countries are expected to attend to discuss transportation planning and systems. The conference will be expanded to include European and American transportation professionals interested in penetrating or expanding in the region.
        50 words
      • Article
        Corrections & clarifications
        63 2 Corrections clarifications IN OUR article, "Record cruise passenger traffic last year", on Tuesday, we reported that international cruise passenger traffic jumped four-fold. However, we incorrectly reported that harbour cruises out of the Domestic Ferry Terminal attracted 11 per cent more passengers than in 1993. In fact, the domestic cruises attracted
        63 words
    • Article
      Non-bank customer loans crossed $90b mark last Nov
      391 2  -  Professionals and private individuals accounted for record 13b By Quak Hiang Whai OUTSTANDING bank loans to non-bank customers crossed the $90-billion mark a record last November with more than $13 billion going to professionals and private individuals, according to latest figures from
      391 words
    • Article, Illustration
      Lock icon World's biggest financial printer opens shop in S'pore
      443 2  -  Bowne Co to tap growing S-E Asian markets By Juliette Walker NEW YORK-bascd financial printer Bowne Co opens its doors here today to cater to growing activity in South-east Asia's financial markets. The firm is investing USSI.S million (552.17 million) in technology
      Photo by Chris Loh  -  443 words
    • Article
      You'll soon be getting your Aussie visa at a travel agent
      270 2 IT WILL soon be more convenient to get a visa to travel to Australia. The Australian immigration authorities plan to appoint travel agencies and airlines in a number of countries as its visa agents an arrangement which has been
      270 words
    • Article
      Liquidator draws a blank in efforts to get back gems
      403 2  -  By Chew Farn Chyi COLOUR Touch liquidator Price Waterhouse has drawn a blank so far in its effort to quiz an American man about jewellery awarded to him and to a Hongkong company under a court ruling. Price Waterhouse placed
      403 words
    • Article
      Coffee futures to debut on March 1
      226 2 THE Singapore Commodity Exchange (Sicom) will launch its Kobusta Coffee Contract on March I. Trading will start at 4:30 pm but there will not be any shouting or hand signalling by the traders as all deals will be done on a screen-based trading
      226 words
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      Page 2 Advertisements Column 1
      173 2 specialise in selling private properties quickly any size |HHH any shape. I have a track record of transactions even the big boys will be proud of. My success story couldn't be 081 better t01d... 136 properties in 12 months, all sold! If going with a top Producer is not a
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  • SOUTH-EAST ASIA
    • Article
      Lock icon Apec finance ministers to discuss exchange rates in April
      408 3 AFP FUKUOKA Finance ministers from the Asia-Pacific Economic Cooperation (Apec) forum will discuss exchange rate fluctuations at a meeting in Indonesia in April. Senior Apec officials, in a summary of their three-day meeting here yesterday, said they "looked forward" to a
      AFP  -  408 words
    • Article
      Lock icon US wants Japan aid initiative redefined
      328 3 AFP FUKUOKA, Japan The United States said yesterday details of a Japanese aid initiative unveiled to the Asia-Pacif-ic Economic Cooperation (Apec) forum here this week needed to be further refined. "The underlying hope in the Japan proposal is that it would be a new
      AFP  -  328 words
    • Article, Illustration
      Lock icon Manila beefs up forces on Spratly Islands
      393 3 AFP MANILA President Fidel Ramos yesterday ordered more Philippine troops sent to the disputed Spratly Islands, raising the stakes in a month-old war of words with China over its occupation of a reef claimed by Manila. But analysts here discounted the chances of
      AFP  -  393 words
    • Article
      Lock icon Ramos urges exporters to push revenue beyond US$15b
      163 3 AFP MANILA Philippine President Fidel Ramos yesterday urged exporters to push revenues up past US$l5 billion (5521.8 billion) this year, the presidential palace said. A palace statement said President Ramos met the Export Development Council and asked them to turn the projected
      AFP  -  163 words
    • Article
      Lock icon Malaysia to develop cruise ship centres
      138 3 Bernama KUALA LUMPUR The Malaysian cabinet yesterday decided that cruise ship centres would be set up at several places, including Port KJang. Penang and Langkawi. Transport Minister Ling Liong Sik said the ministry would meet representatives of the ports concerned to discuss the matter
      Bernama  -  138 words
    • Article
      Call to boost S'pore-Philippine economic ties
      341 3  -  From Al Labita in MANILA SINGAPORE President Ong Teng Cheong. beginning his five-day official visit yesterday, hailed the Philippines' political stability and called for increased bilateral economic ties. "We would like to see more trade and investment cooperation between Singapore and the Philippines," he
      341 words
    • Article
      Lock icon Indon aircraft maker shortlists 2 US cities for US$100m venture
      356 3 Reuter JAKARTA Indonesia's state-owned aircraft maker plans to set up a joint venture in the United States and has shortlisted two cities as possible sites for the US$lOO million (S$ 145 million) project, a senior official said yesterday. Research and
      Reuter  -  356 words
    • NOTE BOOK
      • Article
        Lock icon Hanoi okays projects worth US$196m
        88 3 Reuter HANOI Vietnam licensed 2X foreign investment projects with investments of USSI96 million (SS2B4 million) last month, the official Vietnam News Agency (VNA) reported yesterday. A direct comparison with January 1994 was not given, hut the figure was below the monthly average last year, when
        Reuter  -  88 words
      • Article
        Lock icon Indonesia 'no' to Asean peace force
        116 3 AP JAKARTA Indonesia yesterday rejected the idea of a peacekeeping force for the Association of South-east Asian Nations (Asean). Minister of Defence and Security hdi Sudradjat told a parliamentary hearing that each Asean country had a different defence doctrine and philosophy. "It would not
        AP  -  116 words
      • Article
        Lock icon Top Tokyo trade team to visit Vietnam
        107 3 AP HANOI A delegation from Japan's most powerful business association will arrive next week to study trade and investment opportunities in Vietnam, a Japanese diplomat said yesterday. The Japan Federation of Economic Organisations, known as Keidanren. will send its chairman Shoichiro Toyoda to
        AP  -  107 words
      • Article
        Lock icon Laos president visits Thailand
        30 3 Reuter BANGKOK President Nouhak Phoumsavanh of Laos arrived at Bangkok's military airport on Tuesday for a six-day state visit to Laos' "big brother" neighbour Thailand. Reuter
        Reuter  -  30 words
    • Article
      Transport minister slams 1b peso bribe reports
      300 3  -  From Al Labita in MANILA TRANSPORTATION Secretary Jesus Garcia has denied reports he asked for one billion pesos (5558.823 million) from a Thai firm in exchange for the approval of its proposed projects in the Philippines. Mr Garcia said in a statement on
      300 words
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  • CHINA/HONGKONG/TAIWAN
    • Article
      Lock icon Foreigners allowed to convert Taiwanese bonds into shares
      457 4 Reuter TAIPEI Stock market officials said Taiwan would allow convertible bonds issued overseas to be changed into stocks for the first time since such bonds were issued in 1989. Brokers said the move, the latest in a series of market liberalisations, was
      Reuter  -  457 words
    • Article
      Lock icon HK dollar will not survive far beyond 1997: Friedman
      319 4 AFP HONGKONG Hongkong's dollar currency will not survive far beyond 1997 when the territory reverts to Chinese control. Nobel Prize winning economist Milton Friedman told the Far East Economic Review in its latest edition that "it seems to me inconceivable that
      AFP  -  319 words
    • Article, Illustration
      Lock icon HK home prices may soar after 1997
      447 4 Imbalance between demand and supply in the offing, says top analyst South China Morning Post HONGKONG A repeat performance of the substantial surge in home prices witnessed between 1991 and the beginning of last year could be on the cards for Hongkong in
      South China Morning Post  -  447 words
    • Article
      Lock icon Banker seeks to raise ceiling on mortgage advances
      343 4 SCMP HONGKONG The weight of deposits flooding into Hongkong's banks may compel them to relax the 70 per cent limit on mortgage advances to stimulate demand, and the trigger could be a further 10 per cent fall in property values, says David
      SCMP  -  343 words
    • CHINA WATCH
      • Article
        Lock icon Doctor denies Deng health comment
        102 4 Reuter BEIJING A prominent Chinese physician quoted by the German magazine Der Spiegel as saying paramount leader Deng Xiaoping was suffering from serious health problems has accused the publication of inventing the story. Prof Wu Jieping said in an article published yesterday by China-backed Hongkong
        Reuter  -  102 words
      • Article
        Lock icon Taiwan investors in China move inland
        94 4 Reuter TAIPEI A large-scale relocation of Taiwanese investors in China has taken place on the mainland under a strategy by the mainland government to develop the inland area, the local China Times Express newspaper reported yesterday. Removal of various preference treatments, stringent new taxation
        Reuter  -  94 words
      • Article
        Lock icon Shanghai mayor submits resignation
        75 4 AFP SHANGHAI The mayor of China's biggest city has submitted his resignation letter to the municipal People's Congress, which holds its annual meeting tomorrow, an official of the People's Congress said yesterday. "The letter would be considered by delegates and a decision will be taken on
        AFP  -  75 words
      • Article
        Lock icon China wages soar a record 34%
        99 4 Reuter BEIJING The wages of Chinese workers and officials soared by a record 34 per cent in 1994, with many enterprises flouting state guidelines calling for links between increases and productivity, an official newspaper said. The government's total wage bill for 1994 was 665
        Reuter  -  99 words
      • Article
        Lock icon Mao's doctor dies at 75
        101 4 Reuter CHICAGO Li Zhisui. Mao Zedong's personal physician for 22 years and the author of a book which chronicled the late Chinese chairman's rapacious sexual and odd personal habits, has died, his family said on Tuesday. He was 75. Family members at Li's home near
        Reuter  -  101 words
      • Article
        Lock icon China issues rules on suing police
        108 4 Reuter BEIJING China has published its first regulations enabling the public to sue police who break the law or neglect their duties, as officials yesterday revealed record arrests of judicial staff for abuse of power. The landmark regulation allowing citizens to file complaints against
        Reuter  -  108 words
    • Article
      Lock icon Hongkong's business costs higher than rival Singapore's
      251 4 Reuter HONGKONG Hongkong may levy the lowest taxes in the region but when it comes to business costs, it does not compare favourably with its major competitors, particularly Singapore, a Price Waterhouse report showed. "The fact that Hongkong's tax rates are already so
      Reuter  -  251 words
    • Article
      Lock icon HK$7.7b budget surplus for HK likely
      307 4 Reuter HONGKONG Price Waterhouse yesterday predicted Hongkong would post a 1994/95 budget surplus of HKS7.7 billion (551.44 billion) despite the economic slowdown paring some government revenues. Financial Secretary Hamish Macleod is scheduled to make his budget speech on March 1, his fourth and final
      Reuter  -  307 words
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      1304 4 THE BANK OF EAST ASIA, LIMITED NOTICE SEVENTY-SIXTH ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Seventy-sixth Annual General Meeting of the members of the Bank wM be held in the Comaught Rooms. Mandarin Oriental, 5 Connaught Road, Central, Hong Kong on Monday, 27th March, 1995 at 11.00 a.m.
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  • REST OF ASIA
    • Article, Illustration
      Packer continues onslaught on Fairfax shares despite probe
      406 5  -  From Peter Lynch in SYDNEY AUSTRALIAN publishing tycoon Kerry Packer last night seemed set to take on Canberra's cross-media ownership regulators, reportedly ordering his brokers to continue an assault on the John Fairfax newspaper empire despite a government inquiry. The Australian Broadcasting
      406 words
    • Article, Illustration
      Lock icon Japan's trade surpluses on downward path
      356 5 Reuter TOKYO The plunge in Japan's trade surplus in January, to US$2.BB billion (SS4.I billion) from US$6.O3 billion a year earlier, indicates that a falling trend is becoming firmly established, economists said. The month's drop is unlikely to stem US criticism of Japanese trade
      Reuter  -  356 words
    • ASIA NOTES
      • Article
        Lock icon Aussie consumer confidence falls
        94 5 Reuter SYDNEY Rising interest rates have sapped the confidence of Australian consumers, according to a widely watched survey released yesterday. The consumer-sentiment survey compiled by Westpac Banking and the Melbourne Institute of Applied Economic and Social Research dropped 5.6 per cent, or 5.4 points, to 91.1
        Reuter  -  94 words
      • Article
        Lock icon Japanese seek Indian high-tech deals
        77 5 AFP BOMBAY Japanese businesses are keen to invest in high-tech areas in India such as telecoms systems and cars and car parts, the leader of a Japanese business delegation said yesterday. Tsuneo Ikeda. deputy president of the Sakura Bank, told a news conference here he
        AFP  -  77 words
      • Article
        Lock icon Evans on S-E Asian tour
        48 5 Reuter SYDNEY Australia's foreign minister embarked yesterday for a week-long trip to South-east Asia to discuss regional security as the country s growing military ties with Asian neighbours begin to stir controversy at home. Gareth Evans will visit Brunei, Malaysia and Thailand. Reuter
        Reuter  -  48 words
      • Article
        Lock icon US execs arrive in Pyongyang
        87 5 Reuter SEOUL A delegation ot US business executives arrived in Pyongyang on I uesday, the first visit by American business leaders since the US government announced it was easing its 45-year-old trade curbs on the Stalinist regime. North Korea's official media said. The Korean Central
        Reuter  -  87 words
    • Article
      Lock icon Tokyo to decide fate of two govt banks by April
      388 5 Reuter TOKYO Japan's ruling coalition, stung by criticism of its failure to rein in the nation's powerful bureaucracy last weekend, has set a March 31 deadline to decide the fate of two quasi-government banks. "We will come to a conclusion
      Reuter  -  388 words
    • Article, Illustration
      Lock icon Maoris protest against govt land-claim deal
      216 5 Reuter WELLINGTON Maoris marched against a government land-claim deal yesterday as Prime Minister Jim Bolger, still smarting from Waitingi Day protests, vowed to rethink the way the national day was celebrated. A group of 300 protesters were stopped 200 m from the marae, or
      Reuter  -  216 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      10 5 Soon, they won't need to bash Japan anymore, Pg 13
      10 words
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      Page 5 Advertisements Column 2
      261 5 Own A Prestigious Seafront Resort Unit For Just S$ 28,812 And Earn A Guaranteed Rental Return Of 8% p.a. For Two Years "Based on purchase price of *****,060(RM 252,106) Assuming 80% on financing. FREEHOLD Situated at the y Stl'tQ/R/Q/dQ High rental return Gold Coast of and capital Malacca also appreciation
      261 words
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  • THE WORLD
    • WORLD WATCH
      • Article
        Lock icon WTO continues talks on new leader
        117 6 AP GENEVA Members of the new World Trade Organisation began another round of talks yesterday to try to end the power struggle that has prevented the group from ehoosing a leader. The WTO reaehes decisions by consensus rather than voting. The WTO had hoped
        AP  -  117 words
      • Article
        Lock icon UK inflation surged in January
        81 6 Reuter LONDON Britain's inflation rate rose strongly in January to hit 3.3 per cent after December's 2.9 per cent rise, the central statistical office said yesterday. Unemployment continued its downward trend, falling by 27,500 in January for the 12th month in a row. Now just
        Reuter  -  81 words
      • Article, Illustration
        Lock icon Millionaire from no man's land
        64 6 Reuter TEL AVIV A Palestinian from the Gaza Strip, where unemployment is high, became a millionaire when he cashed in his winning Israeli lottery ticket, the first he had ever bought. The 24-year-old Gaza City University student wore a plastic bag over his head to
        Reuter  -  64 words
      • Article
        Lock icon Europe experts to monitor industry
        69 6 AFP BRUSSELS The European Commission yesterday announced the establishment of a high-level group of experts to monitor the competitiveness of European industry in relation to its rivals in North America and Asia. The 13-strong independent group, made up of 10 business figures and three trades
        AFP  -  69 words
    • Article
      Lock icon Germany's IG Metall stages protest over wage dispute
      309 6 Reuter DUESSELDORF Germany's IG Metall union began a nationwide day of protest yesterday over the failure of employers to deliver a pay offer with walkouts in 18 companies in the country's industrial heartland. The union said 100,000 workers across the country had
      Reuter  -  309 words
    • Article
      Lock icon Fed hailed for containing 'pipeline' inflation
      548 6 Reuter NEW YORK Price pressures at the early "pipeline" stages of production have not trickled through to inflation in finished goods, and economists are giving the United States central bank credit. "Broadly speaking, the Fed has done an excellent job of managing this expansion.
      Reuter  -  548 words
    • Article
      Lock icon Balladur running neck and neck with Socialist contender in French poll
      355 6 Reuter PARIS France's presidential election campaign was jolted into life on Tuesday by a shock opinion poll showing Socialist contender Lionel Jospin neck and neck with conservative Prime Minister Edouard Balladur in the first round. An I fop institute
      Reuter  -  355 words
    • Article, Illustration
      Lock icon Apartheid's ugly head again?
      75 6 Reuter CAPE TOWN Despite the fact that equal opportunity is now the byword in South Africa, pockets of prejudice still survive. On Tuesday, right-wing whites armed with clubs and dogs attempted to prevent black children from attending school in the formerly white Ruyterwacht suburb of Cape
      Reuter  -  75 words
    • Article
      Lock icon EC chief vows to stick to single currency timetable
      413 6 Reuter AFP STRASBOURG, France European Commission president Jacques Santer pledged yesterday to stick to the timetable for creating a single EU currency and to cut down on new proposals from the EU executive body. In a speech outlining the Commission work
      Reuter; AFP  -  413 words
    • Article
      Lock icon Mexican peso falls 2.6% after resignation of state governor
      365 6 Bloomberg Business News MEXICO CITY Mexico's peso fell 2.6 per cent against the dollar yesterday amid concern about President Ernesto Zedillo's political leadership following the resignation of Chiapas state governor. "The resignation of Chiapas' state governor made investors nervous and prompted
      Bloomberg Business News  -  365 words
    • Article, Illustration
      Lock icon UN will appeal to other states if US cuts share of funds
      382 6 AP WASHINGTON The United Nations will survive in some form if the new Congress acts on its threats to reduce United States contributions to the UN budget and peacemaking operations. Secretary-general Boutros Boutros-Ghali said on Tuesday that plenty
      AP  -  382 words
    • Article
      Lock icon European TV news market close to saturation point
      502 6 Reuter LONDON By the end of this month European audiences will be able to watch yet another cross-border television news channel when European Business News (EBN) starts broadcasting on Feb 27. But whether the European market will ever generate enough profit to
      Reuter  -  502 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      94 6 Chan Brothers Group PROUDLY PRESENTS th WSSM 'apartments QUEENSTOWN NEW ZEALAND tef us provide you with a professional investment presentation! Dates February 16 17 (3.00pm 7.00pm) February 18 (10.00 am 3.00pm) Venue #07-01 Foolc Hai Building and PI||PI2^3SSm9P| Date February 19 (10.30 am 8.00pm) Venue Westin Stamford VIP Lounge (4th
      94 words
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      Page 6 Advertisements Column 2
      8 6 Mexican crisis stems from peso woes, Pg 19
      8 words
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  • WORLD FOCUS
    • Article, Illustration
      'America First' the big bogey
      914 7  -  Rise of Republicans in US Congress: Impact on Asia Reports from Leon Hadar in WASHINGTON OBSERVERS in Asia have been pondering how the emergence of the Republican majority in Cohgress will affect US policy in Asia. Many of them are confused and concerned. Hence recent
      914 words
    • Article
      Congress not hitting Clinton's Asia policies
      434 7 AS the new 104 th Congress took its place and the House International Committee was organised. Representative Doug Bereuter. a Republican of Nebraska, had the choice of four different subcommittees. "I chose to chair the Asia and Pacific Subcommittee because of the enormous importance
      434 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      753 7 ELECTRONIC RESOURCES LIMITED (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the shareholders of Electronic Resources Limited ("Shareholders") will be held at 17 Harvey Road #03-01, Electronic Resources Building, Singapore 1336 on 10 March 1995 at 10.00
      753 words
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      Page 7 Advertisements Column 2
      183 7 Royal Club at Amara... Because we believe Business Class should not stop when you leave Business Class. Li—»*&* '_Jk-. M 1 iTTZ';fPWWIBWiiWIW^BP«*-- ■>;> A?«SPiI|M|QEBk] t r L i-:..3^^.•. '0H Mb it r J BSi^™ 1 *m**E .ammfFm^^k m jggi^Bß H ,-i J V TmSKSL-T; jlafflEttcfe:-; Cni v .aH <*rmk ••••*>.,
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  • SPORTS
    • SIDELINES
      • Article
        Lock icon Cricketer divorce: judge steps in
        110 8 AFP PANADURA, Sri l.anka A Sri Lankan judge yesterday called for a reconciliation between star batsman Hashan Tillekeratne and his estranged wife, but the cricketer said he was determined to divorce her. "I was wondering if it is not possible for a reconciliation," S I
        AFP  -  110 words
      • Article
        ESPN lands rights to badminton open
        102 8 SINGAPORE Sports TV network ESPN has acquired the worldwide TV, commercial, sponsorship rights for the Thailand Open Badminton Championships. ESPN will organise and promote the five-day event and will telecast the world's top badminton players in the men's and women's singles and doubles and
        102 words
      • Article, Illustration
        Lock icon Striking out baseball strike
        53 8 Reuter WASHINGTON US Republican Senator Orrin Hatch wielding a baseball bat as he introduced legislation to partially remove Major League Baseball's immunity from federal monopoly laws on Tuesday. Senator Hatch is a co-sponsor of the Bill which, if passed, could bring an end to the six-month-old
        Reuter  -  53 words
      • Article
        Lock icon South African PGA tees off today
        98 8 AFP JOHANNESBURG The richest golf tournament on the South African circuit, the South African PGA, gets underway on the fairways of the Wanderers Golf Club today. The course, situated just outside Johannesburg's business district, will be host to the first co-sanctioned event between the
        AFP  -  98 words
    • Article, Illustration
      Lock icon Bob Hope desert tourney tees off with presidential presence
      369 8 Golf UPI INDIAN WELLS, California The US$l.2 million (S$L74 million) Bob Hope Desert Classic was set to start yesterday in the California desert, but Peter Jacobsen will not be there to try for his third straight win. Jacobsen, who became the
      UPI  -  369 words
    • Article, Illustration
      Lock icon Foreman to fight Tyson by year-end
      788 8 NYT NEW YORK George Foreman has found the fight to crown his remarkable career before he reaches his 47th birthday. The world heavyweight champion said yesterday that Mike Tyson's release from prison on March 25 could mean the two boxers will meet by the
      NYT; Reuter  -  788 words
    • Article
      Lock icon Pacers slow down Shaq but can't stop the Magic
      561 8 Reuter ORLANDO. Florida The Indiana Pacers slowed down Shaq, but they couldn't stop the Magic. Orlando, led by Dennis Scott's 18 points and Horace Grant's 17 points and 16 rebounds, snapped a five-game losing streak against Indiana 111-92 on Tuesday, returning
      Reuter  -  561 words
    • Article, Illustration
      Lock icon Pakistan cricket official urges inquiry over bribe claim
      404 8 Reuter ISLAMABAD A Pakistani cricket official said yesterday that bribery charges, including one made against Pakistani captain Salim Malik, required investigation. "With me here and Salim Malik in Zimbabwe, I can hardly comment," said Zafer Altaf, a member of the ad hoc
      Reuter  -  404 words
    • Article
      Lock icon China asks Pan Pacific swimming body to reconsider ban
      520 8 AFP BEIJING China asked the Pan Pacific Swimming Association yesterday to reconsider its "unfair" decision to exclude Chinese swimmers from the championship in the US city of Atlanta in August. Guo Qinglong, secretary general of the Chinese swimming association, asked the
      AFP  -  520 words
    • SCORE CARD
      • Article, Illustration
        Basketball
        234 8 NEW YORK NBA on TuesdayDetroit 106 NY 94; Miami 112 Milwaukee 99; New Jersey 109 Charlotte 98; Orlando 111 Indiana 92; Minnesota 96 Washington 99; San Antonio 112 Utah 96; Dallas 95 Portland 90; Houston 124 LA Clippers 104; Denver 88 Atlanta 99; Seattle 118 Golden State 108; Sacramento
        234 words
      • Article, Illustration
        Cricket
        45 8 WKUJNGTON Australia beat South Africa by three wickets in the opening match of the New Zealand centenary quadrangular tournament yesterday. Scores: South Africa 123 in 46.2 overs (P RcilTcl four for 27). Australia 124 for seven in 44 overs (S Waugh 44 not out).
        45 words
      • Article, Illustration
        Rugby
        21 8 TOKYO Second in three-game series yesterday: Japanese Selection 26 Tonga 5 (Tonga beat Japan 47-16 in first match last Saturday).
        21 words
      • Article, Illustration
        Tennis
        211 8 MKM PHIS US$BOO,OOO (St 1.2 million) Kroger/St Jude International tournament Ist rd on Tuesday: Anders Jarryd (Swc) b Nicolas Percira (Vcn) 6-4 6-2; Lars Rchmann (Ger) b David RikJ (Cze) 2-6 6-4 6-4; Luke Jensen (US) b Michael Joyce (USI 6-4 7-5; Jonathan Stark (US) b Alex O'Brien (US)
        211 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      277 8 INFiiiline An SPH AudioTex Service In English Number Your Daily Stars 8450 The Aquarius Man Entertainment News 8451 Juicy News Of Demi Moore, Kevin Bacon, Brad Pitt Madonna... Ghost Stories 8452 Less Miserable; Win Prizes! Children's Funland 8453 Anitnal Quiz Face Facts: Love Region 8454 Dreamland 8455 New: Dreaming Of
      277 words
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  • Innovation & Technology
    • Article, Illustration
      Catching a disaster before it happens
      718 9  -  Arti Mulchand learns about a decision-support system that prevents accidents by recognising early-warning signs Arti Mulchand THE CHERNOBYL, Three Mile Island and Challenger disasters share something in common. They all occurred in industries where incorrect or delayed decisions resulted in major losses, whether of
      718 words
    • Article, Illustration
      Images as colourful as life
      87 9 SINGAPORE It is the world's most ad>anced high-resolution commercial projector, according to the makers Hughes-JVC Technology Corp. And later this year, conventioneers at Suntec City will be able to see why. Yesterday, Suntec's Singapore International Convention and Exhibition Centre took possession of a Hughes-JVC projector
      87 words
    • Article
      Lock icon Photos any way you want
      222 9 AP REX HARTMAN breaks into tears when he sees the once-faded and wrinkled portrait of his grandmother. who died young in 1907. Now restored, the lifesize photo that hangs in his den looks almost real. "I never knew her, but my mother always made her
      AP  -  222 words
    • IN TAKES
      • Article
        Exhibition for plastics & rubber industry
        44 9 Exhibition for plastics rubber industry SINGAPORE Plastics Technology Asia9s, an exhibition for the plastics and rubber industry, debuts next Tuesday at the World Trade Centre. The four-day exhibition will feature two "theme villages": a Plasties Mould Village and a Plastics Materials Polymer Processing Village.
        44 words
      • Article
        Innovations at S'pore Poly show
        37 9 SINGAPORE A two-day exhibition by final-year students of the Singapore Polytechnic's Electrical Engineering Department opens tomorrow. Projects include an electronic guider for the blind and a voice-disguising machine for unwanted phone calls.
        37 words
      • Article
        Lock icon New battery technology
        31 9 Reuter LONDON Japanese scientists report they have taken a large step towards developing a new generation of lighter batteries by creating an electrode that uses organic plastics. Reuter
        Reuter  -  31 words
  • THE LAW PAGE
    • Article, Illustration
      Lock icon Are bosses liable for stress and overwork?
      1465 9  -  Dennis Ong asks whether employees who cannot stand the heat ought to stay out of the kitchen Dennis Ong The writer is a senior lecturer at Sanyang Technological University, and associate editor of the A sia Business Law Review TO WHAT extent should
      Dollars and Nonsense  -  1,465 words
    • Article
      Legal profession's favourite song: Changing partners
      241 9 AT THE BAR Law partnerships appear to be volatile, if not totally fragile, entities. After all. many are here today, gone tomorrow. Not very long ago. about a dozen lawyers left the firm of Wong Yoong and Lim for Wong Meng Meng and Partners.
      241 words
    • Article
      Getting patent rights right here
      115 9  -  Conrad Raj DO YOU know that from next Thursday, under the new Patents Act 1994. you can acquire patents directly in Singapore. and at the same time claim priority in over 100 countries without taking the circuitous route through Britain or Europe. Inventors and entrepreneurs
      115 words
    • Article
      Local legal history — on TV
      171 9  - Local legal history on TV Chew Farn Chyi EVER wondered how or why our legal system has turned out the way it is? If you have, then you will find some answers in a documentary that will be shown on TV this Saturday. Called Passage of Law: Singapore's Legal System,
      171 words
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  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      844 10 Nothing Beats A Bud. KHffifll WHERE TO WINE, DINE AND ENTERTAIN OF p Homtcooked JB 10 Varieties of Pasts JT™J And all-time Italian favourites A antipasti, pizza and puccia. jWJTf L PASTA FRESCA DA SALVATOAE PTE LTD I *30BoatGtuov;SC0104)(Open9*housXW; 532 6283/*****10 X 1 r 833 toyeMfc BU* final) ftd, iOl-02AJ3
      844 words
    • Advertisement
      Page 10 Advertisements Column 2
      366 10 Celebrating Fish Lots drink to fish. Bouillabaisse or Torn Yam? Top of tho M celebrates fish with a lunch boffot of every imaginable fish recipe. Salmon, sole. p„ snopper. sea boss. if Hcanbecought.it can be J|r cooked. And we know all the delicious ways, /n Continental or Oriental style. So
      366 words
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  • LIFESTYLE
    • Article, Illustration
      Lock icon Chock-full of surprises
      606 11 67th Annual Academy Awards nominations NYT WHILE Robert Zemeckis' quirky fable, Forrest Gump, predictably dominated 1994's Oscar nominations, the awards race was chock-full of surprises Tuesday, particularly in the directing and acting categories. In this 67th year of the awards, the typically mainstream motion picture Academy leaned
      NYT  -  606 words
    • Article
      Some quotes from nominees
      322 11 "I'm shocked and thrilled. Little Women is a project so close to my heart. That means a lot to me." Winona Ryder, best actress nominee for Little Women. "After the history of this film to get this kind of attention is great. It's like a gift
      322 words
    • Article
      Music without limits
      399 11  -  Shahiron Sahari previews a band that is hard to define Shahiron Sahari BELA FLECK is best described as a musician who came out of bluegrass music and turned left. Fleck and his band, the Flecktones, play a melange of jazz, funk, folk, rock, rap, world music and
      399 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      381 11 WHERE TO WINE, DINE AND ENTERTAIN wliltli r I ajb -joj Engfah Eating House pi 277 Orchard Rd *02-38 Specialists' Centre S (0923) |$B $2= €BD PASS! J When you spend $25/- or more at Fosters for lunch mm or afternoon tea from Mon-Sat, show us your valid mm daily
      381 words
  • Page 11 Miscellaneous
    • Miscellaneous
      Page 11 Miscellaneous Column 1
      1088 11 I TV RADIO 1 Great Castles Of Europe, 9.30pm, Ck 12 p, Over to Spain to explore the Alcazar of Segovia. This mag- niflcent fortress was once the H j political centre of the kingdom Us^fHjH of Castille. Castille is gone, but vflj n the castle still stands on high
      1,088 words
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  • Article
    Yeltsin's dangerous symptoms
    529 12 EDITORIAL PRESIDENT Boris Yeltsin is showing some of the symptoms of the deelining years of Leonid Brezhnev: publie aggression and private feebleness. Russian publie opinion has been, and still is. solidly against his violent tactics in the breakaway region of Chechnya. The fear is widespread, and growing,
    529 words
  • WHAT THE OTHERS SAY
    • Article
      Rao reduces the risk
      329 12 IF INDIAN Prime Minister Narasimha Rao's cabinet reshuffle is to be faulted, it is only because he left it so late. But following in the wake of the decision to postpone the budget from Feb 28 to March 16 (when the current legislature elections in six
      329 words
    • Article
      Towards balanced prosperity
      147 12 THE WEST should not regard the emergence of Asia as a challenge. Rather, it should be hailed as a milestone in the world's growing prosperity, which the West can partake of not only in terms of development but also in other areas of cooperation. This is the
      147 words
    • Article
      Scrap 'under-the-table' money
      215 12 THE RECENT Monetary Authority of Singapore (MAS) policy to tighten unsecured personal loans highlighted another old issue prevalent in the market for HDB resale flats: the practice of "under-the-table" money being paid for such flats, in which they are sold for tens of thousands of dollars above
      215 words
    • Article
      A truly exceptional package
      124 12 WILL THE International Monetary Fund come to the aid of other developing countries as it did for Mexico? The IMF committed a US$l7.B billion package to rescue Mexico almost a fifth of its liquid resources and an unprecedented 668 per cent of Mexico's quota in the
      124 words
    • Article
      Progress in South Africa
      123 12 FIVE YEARS after President Nelson Mandela was released from jail and 10 months after the country's first free elections, it is worthy of note that the new South Africa, for all its faults, is significantly better than the old one. The ANC-led Government of National Unity
      123 words
    • Article
      Coordinated approach needed
      114 12 IT IS SURPRISING to note that Thailand does not yet have a well coordinated hazardous waste management programme. A patchwork of laws and agencies addresses this important issue, but the lack of an integrated system has allowed the problems of hazardous waste disposal to remain largely unsolved.
      114 words
  • Article, Illustration
    Lock icon Some believe Warburg will still find a merger partner
    700 12  -  Analysts see some painful restrueturing ahead for SG Warburg, which will make it a more attractive acquisition. Richard W Stevenson reports Richard W Stevenson NYT WHEN it announced in December that it was in merger talks with the Morgan Stanley Group,
    NYT  -  700 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      250 12 A growing triangle? The Riau islands-Batam,Bintan and Karimun took off with 7 great fanfare five years ago HPMhfr' I along with the Growth Triangle. What's the picture now? as?*-'- flcsH I I J ALSO IN THIS ISSUE: Interest rate hikes: What stocks will hurt? How investors buy stocks, property n
      250 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      83 12 /He.-s -r^yiisiGTHOUGHT^ U>HPvT Thc. De.V\u \S BRISTocJN (.Ts*i4SFER£iJCe. J V D& y T Jr /frfX JUICVj C0I»J& NO>3 ?HG-'S e>&EJj r —-—C uORrnS... < STpsfc»JG P\T IWPCT foR H V II V CRUSTS <> S M J S ji AMOCUIIO mm 110. m»IM DOONESBURY GARRY TRUDEAU GOOP OUNeMST!HeCAMe MB'RB Y!£J
      83 words
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  • ANALYSIS
    • Article, Illustration
      A bandwagon everyone just has to get on
      1245 13  -  It matters little which party is in power in New Delhi, as far as the liberalising of the Indian economy is concerned. Prem Shankar Jha finds even non-Congress state governments all in favour of privatisation and foreign investment, no matter what their
      1,245 words
    • Article, Illustration
      Soon, they won't need to bash Japan anymore
      830 13  -  Anthony Rowley detects a trend of falling Japanese current account and trade surpluses as imports grow and exports plateau Anthony Rowley The writer is BT's Tokyo Correspondent A REMARKABLE thing happened last month: Japan's balance of payments went quite heavily into deficit
      830 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      239 13 Be informed of the Happenings in Singapore through The StojtsTjmes A crisp summary of the week's major events in Singapae. The Straits Times Weekly iJSfHSSf offers poitical business, economic and other important news to keep you T 'WW' updated on the current affairs of Singapore 'T*? f- and around the
      239 words
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  • Article, Illustration
    Lock icon US: Trade talks amicable but many issues still to be resolved
    536 14 AFF UPI Reuter BEIJING United States and Chinese negotiators yesterday plunged into make-or-break talks to avoid a trade war over intellectual property protection, but major hurdles dashed hopes for a speedy accord. "The discussions were frank and amicable, there
    AFF; UPI; Reuter  -  536 words
  • Article
    Lock icon US details plan for global info network
    382 14 AP Bloomberg Business News WASHINGTON The Clinton administration is proposing a worldwide network that one day would let people exchange all kinds of information with the same ease as placing an international phone call. "In a world that thrives on information, our future
    AP; Bloomberg Business News  -  382 words
  • Article
    Production data hint at slowing in US activity
    343 14 NEW YORK The United States economy, as reflected in January's industrial production and capacity utilisation, is running at full-steam, but the figures may conceal a slowing in manufacturing activity, analysts said yesterday. In January, capacity utilisation rose to 85.5 per cent, the
    343 words
  • Article, Illustration
    Mr Murdoch will beam his way through
    882 14  -  The Bottom Line MOHAN KUPPUSAMY MOHAN KUPPUSAMY The writer is a BT journalist IF ANYONE in NBC had assumed that Rupert Murdoch was going to be rattled by the US Federal Communications Commission inquiry into whether he had violated laws that limited foreign
    882 words
  • Article
    Lock icon Japan parliament probes latest financial scandal
    475 14 Reuter TOKYO A murky influ-ence-peddling scandal, which has brought down one leading politician and threatens to sully the reputation of Japan's economic mandarins, grew yesterday when parliament took up the issue for the first time. The scandal, involving the wisdom of a government-led rescue
    Reuter  -  475 words
  • Article
    HK exchange seen leading way in regional listings
    417 14  -  From Lim Soon Neo in HONGKONG HONGKONG will take the lead in developing regional listings, says Stock Exchange of Hongkong (SEHK) chairman Edgar Cheng in his vision of the exchange's role in the coming years. Speaking yesterday at the American Chamber of
    417 words
  • Page 14 Advertisements
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  • COMPANIES & MARKETS
    • Article
      Keppel group sets up fund to undertake Myanmar projects
      346 15  -  By Quak Hiang Whai SINGAPORE The Keppel group is raising between US$2O million (Ss29 million) and US$3O million (5543.5 million) from international investors to invest in projects in Myanmar. Group chairman Sim Kee Boon said yesterday at the launch of the
      346 words
    • Article
      Kwong Yik debuts at a premium, stuns analysts
      415 15  -  From Ruth Wong in KUALA LUMPUR KWONG YIK Bank Bhd shares defied analysts' predictions of a lukewarm market response to jump to a high of M 56.45 (553.68) in its debut on the KLSE yesterday. Kwong Yik, a commercial banking unit of
      415 words
    • Article, Illustration
      Dick Gwee appointed Inno-Pac exec director
      232 15 SINGAPORE Barely weeks after making top management changes, listed paper trading and fast-food group Inno-Pacif-ic Holdings has appointed a new director. Inno-Pac said yesterday it has appointed Dick Gwee Yow Pin executive director. Mr Gwee, who was a non-execu-tive director of the company, assumed
      232 words
    • Article
      Trade Mart sees $25m rental income despite slow garment trade
      286 15  -  By Michelle Low SINGAPORE Fashion wholesaler Trade Mart, which is jointly owned by listed property groups Hwa Hong Corporation and Parkway Holdings, expects to reap $25 million in rental income this year despite a slow garment trade. Trade Mart's senior
      286 words
    • Article
      Why listed firms are climbing on light rail wagon
      807 15  -  HOCK LOCK SIEW By Lee Han Shih SINGAPORE There was a sense of deja vu when Minister for Communications Mah Bow Tan revealed recently the government's plans to build light rail systems in Singapore. Mr Mah's announcement is reminiscent of the
      807 words
    • Article, Illustration
      STH's revamp sets stage for thrust into pioneering ventures
      304 15  -  By Genevieve Cua SINGAPORE Technologies Holdings, a governmentowned investment holding company, may become the vehicle for yet more investments in new areas with long gestations. STH, fully owned by Temasek Holdings, has become a paper company following a structural revamp in
      304 words
    • EYE on your STOCKS
      • Article, Illustration
        MARKET MOOD
        46 15 Firm '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. Daiwa, Fraser, GK Goh. Kay Hian, Morgan Grenfell, OngCo, Nomura, Phillip. Smith New Court. W1 Carr and SG Warburg.
        46 words
      • Article, Illustration
        HOT STOCK
        129 15  -  By Paul Leo INSAS closed at 51.71 yesterday, a rise of 28.6 per cent from $1.33 on Jan 25. Daily Relative Strength Index and weekly stochastics are above 75, indicating that the stock is overbought. A correction back towards 51.50 cannot be ruled out. For the medium-term investor,
        129 words
    • COMPANIES
      • COMPANY BRIEFS
        • Article
          Parkway wants trading suspended
          29 16 SINGAPORE Parkway Holdings yesterday asked the Singapore stock exchange to suspend trading in its shares, warrants, bonds and floating rate notes today, pending an announcement.
          29 words
        • Article
          SCS names directors
          58 16 SINGAPORE Singapore Computer Systems yesterday said Colonel Ang Bing Ning will replace Brig-Gen Han Eng Juan as a director and audit committee chairman. The company also said Lt-Colonel Chong Kai Yew has been appointed alternate director to Col Ang. Mr Tien Sing Cheong has also been named
          58 words
        • Article
          UOL to develop Jurong West land
          53 16 SINGAPORE United Overseas Land (UOL) has set up a new firm called UOL Development to develop a piece of land in Jurong West Ave 5. The directors of the company are Gwee Lian Kheng and Wey Kim Long, and the firm has an issued
          53 words
        • Article
          GB Holdings calls off yacht deal
          70 16 SINGAPORE GB Holdings has decided to stop its agreement with Little Harbor Custom Yachts. The main board listed company said yesterday this was because, after building the First four yachts, it could not make a satisfactory rate of return. The cost of terminating the
          70 words
        • Article
          Lock icon Malayan Cement lifts pre-tax profit
          78 16 Bernama KUALA LUMPUR Malayan Cement Bhd's group pre-tax profit rose 11.6 per cent to Ms9l million (5551.8 million) for the year ended Nov 30, 1994, against MsB2 million previously. Releasing its audited results here yesterday, the group said its turnover increased 11.8 per cent to
          Bernama  -  78 words
        • Article
          Corrections and clarifications
          43 16 SINGAPORE Orchard Parade Holdings has pointed out that its subsidiary, OPH Riverside, raised its paid-up capital from $2 to $30,971,700, and not $31,971,700 as reported in the Company Briefs column of Business Times yesterday. We are sorry for the error.
          43 words
      • Article
        Untitled
        545 16 HaMCMt' prfcM Feb 16 US Gr Fund 0 99 1 03" Singapore Unit Trust UOB Asset Mgt Ltd The Commerce 1.60 1.69 Unifund 1.3$ 1.41 The Savings Fund 1.52 1.61 Umbond 1.02 1.045 S pore Prog Fund 0.58 0.62 United Gr Fund« 1.57 1.63 Sjjore Sec Fund 094 1.00 United
        545 words
      • Article
        Pegi studies possibility of buying finance firm and bank
        401 16  -  From Ruth Wong in KUALA LUMPUR PROPERTY-to-insurance company Pegi Malaysia Bhd is looking to expand its interest in the finance sector following the proposed purchase of stockbroking firm Kin Khoon Co Sdn Bhd. Pegi chairman Megat Najmuddin Megat Khas said some
        401 words
      • Article, Illustration
        Lock icon Showdown for control of KFC (M) may be no-show
        474 16 MBT KUALA LUMPUR The forthcoming showdown between two parties vying for control of KFC (M) Holdings Bhd this weekend may turn out to be literally a non-event as the Leong Hup Bhd group is said to be initiating a court injunction
        MBT  -  474 words
      • Article
        Indosat exceeds forecast with 15% rise in net profit
        410 16  -  From Maggie Ford INDOSAT, the Indonesian state-owned telecommunications operator which listed in New York and Jakarta last year, yesterday announced a 15 per cent rise in net profit to 289 billion rupiah (S$ 189.6 million), topping the forecast made during the
        410 words
      • Article
        Gadek said to be tying up M$4m deal to buy Pernas unit
        398 16  -  From Ruth Wong in KUALA LUMPUR AUTOMOTIVE and financebased group Gadek is said to be finalising a deal to buy Pernas Precision Engineering Construction (Perspec) for between Ms 4 million (552.3 million) and Mss million. "An announcement of
        398 words
      • Article
        Indon trader and Japanese giant in coffee venture
        244 16  -  From Maggie Ford in JAKARTA INDONESIA'S biggest international cofTce trading company yesterday signed a jointventure agreement with a Japanese conglomerate to produce instant and ground coffec for the domestic and export markets. The announcement came as Jakarta officials predicted that booming prices
        244 words
      • Article
        Lock icon Landmarks to tap South African banking sector with stake purchase
        442 16 MBT KUALA LUMPUR Landmarks Bhd plans to tap the South African banking sector by buying a stake of about 27 per cent in Boland Bank Ltd (BBL) in a two-stage exercise. In the first stage, there is a proposed acquisition
        MBT  -  442 words
      • Article
        Untitled
        260 16 Payment Ex Books Pay date dose date Asia Pacific F 20N Feb 6 Feb 10 Feb 22 Avimo 20* F 12.5TE Mar 1 Mar 7 Apr IS Bcnaya Group I 6 Mar 7 Mar 21 Apr 21 Bcnaya Ind I 3.5 Mar 7 Mar 21 Apr 19 Bcrjaya Leisure I
        260 words
      • Article
        Lock icon Is Maju eyeing Sanda for a reverse takeover?
        377 16 MBT KUALA LUMPUR Could the appointment of five new directors two days ago to the board of second-board listed company Sanda Plastics Industries Bhd be seen as a first step to an eventual reverse takeover of Sanda, by Maju Holdings Sdn Bhd?
        MBT  -  377 words
      • Article
        Lock icon Telecom NZ profit up 17%, expects growth to continue
        420 17 Reuter WELLINGTON New Zealand's largest company, Telecom Corporation of New Zealand, yesterday posted a 17 per cent increase in profit in its third quarter and said it was on track to maintain the growth momentum. It netted NZ$l5B million (SSI4S million)
        Reuter  -  420 words
      • COMPANY BRIEFS
        • Article
          Lock icon Canon pre-tax up 44%
          63 17 AFP TOKYO Japan's Canon Inc said yesterday its pre-tax profit in the year to last December soared 44 per cent from 1993 to 53.9 billion yen (***** million). Sales in 1994 rose 4 per cent to 1.08 trillion yen, the major camera and office automation equipment
          AFP  -  63 words
        • Article
          Lock icon Yageo's profit soars 148%
          47 17 Bloomberg Business News TAIPEI Yageo Corp, Taiwan's largest maker of resistors, said profit soared 148 per cent in 1994 on strong sales and gains in efficiency. Profit rose to NTS4O7 million (5522.4 million) from NTS 164 million a year earlier. Bloomberg Business News
          Bloomberg Business News  -  47 words
        • Article, Illustration
          Lock icon They're just like the ones at home
          44 17 Reuter NEW DELHI British Trade Minister Michael Heseltine viewing models of British-made aircraft as he visited the United Kingdom pavilion at the India Engineering Trade Fair yesterday. Mr Heseltine is in India on a two-day visit. Reuter
          Reuter  -  44 words
        • Article
          Lock icon Holzmann output rises to 13b marks
          86 17 Bloomberg Business News FRANKFURT Philipp Holzmann AG, Germany's largest construction company, said its output, a measure of sales, rose 5.4 per cent in 1994 to 13.1 billion marks (5512.2 billion) from 12.7 billion marks in 1993. The company gave no indication of group earnings
          Bloomberg Business News  -  86 words
        • Article
          Lock icon Placer Pacific profit down 23.7%
          103 17 Bloomberg Business News SYDNEY Australian gold miner Placer Pacific Ltd said 1994 net profit slumped 23.7 per cent from a year earlier. Profit fell to A 584.1 million (5591.2 million). Placer Pacific produces gold in Australia and Papua New Guinea. Its Australian interests include 70
          Bloomberg Business News  -  103 words
        • Article
          Lock icon Yamaichi sets up Manila unit
          65 17 Reuter MANILA Yamaichi International (HK) Ltd has set up a stocks and government securities brokerage in Manila, documents from the Philippine Securities and Exchange Commission show. The company, Yamaichi Securities (Philippines) Inc, is capitalised at 15 million pesos, all of which has been paid up
          Reuter  -  65 words
      • Article
        Lock icon Restructuring, better sales amplify Sony's earnings by 50%
        451 17 Bloomberg Business News TOKYO Sony Corp yesterday said restructuring at its troubled movie subsidiary and better sales of its products helped consolidated net profit rise 50 per cent in the latest quarter. The consumer electronics and entertainment conglomerate posted group net profit
        Bloomberg Business News  -  451 words
      • Article
        Lock icon Daewoo restructures to enhance global competitiveness
        245 17 AFP SEOUL South Korea's third largest conglomerate, the Daewoo Group, yesterday announced a major restructuring of its bulky arms to enhance international competitiveness. The overhaul will see Daewoo hive off seven unprofitable subsidiaries to maximise management efficiency. Daewoo was the third major conglomerate to
        AFP  -  245 words
      • Article
        Lock icon Giordano chalks up 42% profit rise
        201 17 AP HONGKONG Giordano Holdings Ltd. the clothing chain founded by Hongkong entrepreneur Jimmy Lai, yesterday said profits rose 42 per cent in 1994, helped by the recovery of its subsidiary in China. The company plans to add 30 company-owned and franchised stores this year
        AP  -  201 words
      • Article
        Lock icon Western Mining's nickel operations turn around with A$81m earnings
        234 17 Knight-Ridder SYDNEY Leading Australian miner Western Mining Corp Holdings yesterday said profits from its nickel-making operations totalled A 581.5 million (SsBB million) in the halfyear to Dec 31 versus a loss of A 520.5 million in the same period a year
        Knight-Ridder  -  234 words
      • Article
        Lock icon Qantas float: foreign allocation likely to be oversubscribed
        355 17 Reuter SYDNEY One of the lead managers of the Australian government's float of 75 per cent of Qantas Airways yesterday said allocation by foreign investors in the float could be four times oversubscribed. "That's the kind of allocation you'd expect. And you
        Reuter  -  355 words
      • Article, Illustration
        Lock icon Have you seen this man?
        73 17 Reuter SEOUL South Korean company Sammi Sound Technology seeking out its former managing director not to run its business, but to let justice run its course. In an advertisement placed in South Korean newspapers yesterday, the company said it was offering a 10 million won
        Reuter  -  73 words
      • Article
        Lock icon Pioneer enters PC business via Apple licensing deal
        251 17 Reuter TOKYO Pioneer Electronic Corp has reached a licensing agreement with Apple Computer Inc of the United States giving it the right to make Apple's Macintosh-based computers. The agreement marks the Japanese firm's first venture in the personal computer business. "We are
        Reuter  -  251 words
      • Article
        Lock icon US judge rejects Microsoft's antitrust settlement
        433 18 Bloomberg Business News WASHINGTON Microsoft Corp was dealt a stunning blow yesterday as a federal judge rejected the Justice Department's proposed antitrust settlement with the world's largest software company. US District Judge Stanley Sporkin said in a written ruling that he did not feel
        Bloomberg Business News  -  433 words
      • Article
        Lock icon Nintendo seeks US trade action against counterfeit video games
        277 18 Bloomberg Business News AFP WASHINGTON Nintendo of America Inc has filed comments with the US Trade Representative seeking trade action against several countries, including Taiwan and China, for failing to crack down on counterfeiting. The video game maker and 12S other
        Bloomberg Business News; AFP  -  277 words
      • Article
        Lock icon SEC to propose soft-dollar disclosures by advisers
        497 18 Bloomberg Business News WASHINGTON The US Securities and Exchange Commission is proposing that money managers be required to disclose in annual reports any agreements they have to route securities transactions to specific brokerages in exchange for services. The agency's three current commissioners yesterday
        Bloomberg Business News  -  497 words
      • Article, Illustration
        Lock icon AT&T to provide technology consulting service to big firms
        400 18 Reuter NEW YORK AT&T Corp said on Tuesday it is entering the market for technology consulting to large corporations by forming a new unit, AT&T Solutions. AT&T said the unit will pull together the company's experience in public, private and wireless
        Reuter  -  400 words
      • Article
        Lock icon Compaq expects its PC sales to keep soaring in Japan
        360 18 Reuter TOKYO Compaq Computer Corp expects rapid sales to continue in Japan after remarkable growth in 1994, says chief financial officer Daryl White. "We think our position in Japan can grow dramatically from this point," he told reporters and analysts
        Reuter  -  360 words
    • FINANCE & COMMODITIES
      • Article
        Mexican crisis stems from peso woes, not debt problems
        428 19  -  By Paul Leo SINGAPORE The Mexican economic crisis arose from currency woes and not debt problems, says an American bank executive who was in Singapore this week. Thomas Trebat, managing director of emerging markets research at Chemical Bank, told BT that
        428 words
      • Article, Illustration
        Lock icon Big money
        35 19 Reuter PHNOM PENH New Cambodian bills and coins, in denominations larger than the country has ever known, will be brought into circulation by mid-April. The coins and bills are printed in France. Reuter
        Reuter  -  35 words
      • Article
        Lock icon US banks' selling of mutual funds to come under study
        311 19 Bloomberg Business News WASHINGTON Banks can expect decoy customers to visit between 3,000 and 4,000 branch offices nationwide soon to review how they're selling mutual funds. The government programme, sponsored by the Federal Deposit Insurance Corp, is expected to begin
        Bloomberg Business News  -  311 words
      • SMALL CHANGE
        • Article
          Lock icon Thomson unit buys World Equities
          84 19 Bloomberg Business News TORONTO Thomson Financial Services Ltd said on Tuesday it had acquired World Equities, a Paris-based provider of financial information, for an undisclosed sum. World Equities provides corporate fundamentals, earning estimates and historical information to over 200 clients. Thomson Financial, a unit of
          Bloomberg Business News  -  84 words
        • Article
          Lock icon China Life revenue rises 6%
          52 19 Bloomberg Business News TAIPEI China Life Insurance Co said its revenue in January rose 6.4 per cent to NT5756.7 million (5541.7 million). China Life gained NT$6 to its 7 per cent daily limit. The company's shares began trading at the stock exchange last week at
          Bloomberg Business News  -  52 words
        • Article
          Lock icon German insurer's premium income up 5%
          71 19 Bloomberg Business News HAMBURG, Germany Insurer Volksfuersorge Versicherungsgruppe AG said 1994 premium income in its life insurance unit rose 5.1 per cent to 3.6 billion Deutschemarks (553.48 billion). Volksfuersorge, a unit of Germany's secogd largest insurer Aachener und Muenchener Beteiligungs AG, said it will
          Bloomberg Business News  -  71 words
        • Article
          Lock icon Taiwan Dec forex reserves rise
          68 19 Knight-Ridder TAIPEI Foreign exchange reserves held by Taiwan's Central Bank of China amounted to U5592.5 billion (S$ 134 billion) at the end of December, up from November's U5592.3 billion, the central bank announced yesterday. The bank also held U5513.57 million troy ounces of gold reserves
          Knight-Ridder  -  68 words
        • Article
          Lock icon Indian bank to lift lending rate: report
          69 19 Bloomberg Business News BOMBAY The State Bank of India, the largest commercial bank in India, has decided to increase its prime lending rate, the Economic Times newspaper said yesterday. Quoting the chairman of the bank, D Basu, the report said that there will
          Bloomberg Business News  -  69 words
        • Article
          Lock icon Credit Local earnings up 12%
          75 19 Bloomberg Business News PARIS Credit Local de France SA, a French bank specialising in local government financing, said its net earnings rose 12.1 per cent last year to 1.45 billion francs (***** million), compared with 1.29 billion in 1993. "1994 was the best result we've
          Bloomberg Business News  -  75 words
      • Article
        Lock icon Chemical expects mortgage margins to increase this year
        472 19 Reuter NEW YORK The escalating consolidation of the US mortgage industry into fewer, larger players will lift industry profit margins this year, the chief financial officer of Chemical Banking Corp's residential mortgage unit, Glenn Mouridy, said in an interview on Tuesday. "As
        Reuter  -  472 words
      • Article
        Syndicated loan for top Indon textile firm
        207 19  -  By Soh Tiang Keng SINGAPORE Leading Indonesian textile company Argo Pantes yesterday signed a syndicated deal here to tap US$25 million (Ss36 million) from the Asian dollar market. The three-year term loan, arranged by the Singapore branch of Bank Ekspor Impor Indonesia (BankExim),
        207 words
      • Article
        Lock icon Tight rubber markets likely this year, says group
        422 20 Reuter KUALA LUMPUR Rubber prices will retain their bounce in 1995 as stocks are at their lowest level for 17 years and tight supplies are matched against forecasts for robust global economic growth, an industry study group said. "Both the natural rubber
        Reuter  -  422 words
      • Article, Illustration
        Lock icon Fiery protest
        40 20 Reuter HUECKELHOVEN, Germany Coal miners from Germany's miners union IG Bergbau silhouetted against protest Tires during a demonstration against cuts in coal subsidies on Tuesday. Miners demonstrated with fires and torch-lit parades at 17 locations throughout Germany. Reuter
        Reuter  -  40 words
      • Article
        Lock icon Malaysia says cocoa output may rise after last year's low
        359 20 Reuter SINGAPORE Malaysia's cocoa output, which slumped to an eight-year low last year because of heavy rains and pollution haze, is likely to hold or rebound slightly this year on better prices, a senior Malaysian official said on Tuesday. Output
        Reuter  -  359 words
      • Article
        Lock icon Met Life sales tactics under probe
        229 20 Bloomberg Business News NEW YORK Metropolitan Life Insurance Co's sales practices are under investigation by California regulators for the third time in the past year. The California Department of Insurance is investigating possible deception by as many as three agents in Met Life's Modesto
        Bloomberg Business News  -  229 words
      • Article
        Lock icon Lloyd's investors win big early payout
        187 20 Reuter LONDON Investors who lost money in the Lloyd's of London insurance market celebrated on Tuesday after a judge awarded them £210 million (***** million) while total damages due in Britain's biggest civil lawsuit are being worked out. "This is the largest interim payment
        Reuter  -  187 words
      • Article
        Lock icon Copper prices up on strong industrial demand
        386 20 Bloomberg Business News NEW YORK Copper prices yesterday continued to recover from a three-week price slide as shrinking stockpiles indicated demand for metal products remains strong. "Demand for copper is still very strong and I expect it to continue to exceed production for
        Bloomberg Business News  -  386 words
      • Article
        Lock icon CSR says new lower-cost sugar refining process a world first
        418 20 Reuter BRISBANE Australia's major sugar refiner CSR Ltd on Tuesday announced a new cost-cutting technique for refining sugar, which could set an international precedent and give CSR a cost advantage in a local sugar war. CSR's sugar executive general manager
        Reuter  -  418 words
      • Article
        Brent crude futures up for fifth day
        326 20 Bloomberg ENERGY REPORT LONDON Brent crude oil futures rose for a fifth straight day, after gaining 1.6 per cent in value, after a reported drop in US crude and distillate inventories. Oil markets often move on changes in US domestic supplies because America
        326 words
      • Article
        Lock icon Currency Reports: London
        202 20 Bloomberg Business News LONDON The dollar steadied near European lows against the deutsche mark and the yen before the release of US economic reports that will give investors a clearer picture of the inflation outlook. The dollar was last at 1.5085 marks, weaker than 1.5099 marks early
        Bloomberg Business News  -  202 words
      • Article
        Lock icon New York
        90 20 AFP NEW YORK The dollar edged up against other major currencies except the yen yesterday in quiet trading. Traders were apparently unaffected by the 0.3 per cent rise in inflation for January. At around 1445 GMT. the dollar traded at 1.5100 German marks against 1.5092 from Tuesday. The
        AFP  -  90 words
      • Article, Illustration
        Untitled
        1653 20 I rade-ii ttlHtol index cakulalfd afaiiM S'pure'i lop 14 trathnx partiim Base year l9Sf US$/S$ forward rates Noon /Feb 13 ss Bid Offer 1-month 1 4497 1.4} 12 2-month ***** 1.4473 3-month 1 4429 ***** 6-month 1.4355 1.4375 Sounr OCBC Source: OCBC FOREIGN CURRENCY NOTE RATES As at 9m m
        1,653 words
    • COMMODITIES & FUTURES
      • Article
        Lock icon Euroyen ends higher as Nikkei falls
        1397 21 I itirfillii iiif Reuter SINGAPORE Simex Euroyen futures ended higher as the Nikkei Average dropped to its lowest level in three weeks, stealing the limelight from Eurodollar futures which edged higher but awaited US inflation data. Dealers said the fall in the Nikkei Index
        Reuter  -  1,397 words
      • Article
        Palm oil slightly steadier
        620 21 COMMODITY REPORTS Pilm Oil CRUDE palm oil physical market regained its strength to close slightly steadier yesterday on increased buying interest, dealers said. One dealer said huge short covering activities in the late afternoon were attributed to the stronger fundamentals following better overseas leads. The market's
        620 words
      • KNIGHT-RIDDER COMMODITY SUMMARY
        • Article
          Japan's Jan cotton yarn output down
          54 21 TOKYO Cotton yam production in January by members of the Japan Spinners' Association totalled 70,845 bales, or 12,854 tonnes, according to the association in a report released yesterday. That is down 8 per cent from the 77,040 bales, or 13,978 tonnes, recorded a year
          54 words
        • Article
          China sugar buys seen continuing
          69 21 HONGKONG China is expected to purchase sugar throughout the first half ot this year whenever futures prices fall to attractive levels below or around the 14-cent level, traders in the region said. Most traders in Japan and Hongkong agreed that China will import 1.5 to
          69 words
        • Article
          Japan copper output to climb
          60 21 TOKYO Low treatment and refining charges are expected to leave copper production in Japan roughly unchanged from current levels at the start of fiscal 1995-96. But at least two of Japan's largest producers will be increasing production slightly in April and by October. Most of
          60 words
        • Article
          Zinc galvanised steel output up
          84 21 TOKYO Output of zinc galvanised steel in January rose 15.8 per cent from a year earlier to a preliminary 980,800 tonnes, the Japan Iron and Steel Federation said yesterday. The monthly figure is down 2.2 per cent from a revised 1.003 million tonnes in December.
          84 words
        • Article
          Malaysia's Jan palm oil exports
          37 21 KUALA LUMPUR Malaysia's palm oil exports in January were 453,096 tonnes, compared with 523,807 a month earlier, the Palm Oil Registration and Licensing Authority said. Exports in January 1994 were 650,898 tonnes.
          37 words
    • Article
      COMMODITY PRICES
      1434 21 Rubber Singapore Commodity Exchange (Mares dosing as at S.3tpm) RSS 1 Contract (S cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest Mar 95 I 246 50 I 475 Apr 250.00 240.00 245.50 850 2000 May 250.00 240.00 243.50 750 2275 Jun 250.00 240.00 241.50 700 2175
      1,434 words
    • REGIONAL STOCK MARKETS
      • Article
        Australia
        1032 22 +8.1 SHARES climbed yesterday as investors bought up stock in companies reporting better-than-expected profits. The All Ordinaries Index closed at 1,842.9 points, up 8.1 points on Tuesday's finish. "What's happening is that the wad of results are coming through probably a bit better than the market anticipated," said a
        1,032 words
      • Article
        Manila
        566 22 -39.83 Philippine share prices fell 1.49 per cent yesterday as punters took profits from modest gains the previous day. The PSE Composite Index was pegged back 39.83 points to close at 2,620.68 points. Volume surged 241 per cent to 7.05 billion shares while value rose 25.43 percent to 1.75
        566 words
      • Article
        Taipei
        592 22 +71.66 Stocks jumped across the board yesterday in active trading, with eight major categories of shares enjoying gains and pulp and paper issues leading the winning list. The 423-issue Weighted Price Index put on another 71.66 points to settle at 6,576.25 points, following a 6.38-point rise the previous session.
        592 words
      • Article
        Seoul
        434 22 -15.4 Stocks yesterday closed sharply lower for a second day running as tight liquidity and uncertain market direction kept investor sentiment depressed. The Composite Price Index closed at 926.09, down 15.40 points from the previous close. It has lost 31.01 points in two days. "Investors find no incentives to
        434 words
      • Article
        New Zealand
        279 22 +0.51 Shares were little changed yesterday as disappointment at Telecom Corp's result offset rising forestry stocks after a US company raised its pulp prices. Telecom lifted net profit in the third quarter ended Dec 31 by 17.4 per cent to NZSISB million but this was at the lower
        279 words
      • Article
        Bombay
        164 22 -36.55 Share prices fell yesterday on lack of buying support by mutual funds combined with a dearth of liquidity on the bourse. The 30-share BSE Index fell 36.55 points to 3,479.44 while the broader 100-share National Index fell 9.05 points to 1,690.40. Brokers said that liquidity was affected after
        164 words
    • WORLD STOCK MARKETS
      • Article
        London
        638 22 +3.6 LATE trading saw a reversal in fortunes with UK blue chip stocks lifting the FTSE--100 index to end the day in positive territory, drawn higher as the Dow 30 average bounded above its record closing level, traders said. The Dow's sharp rise could prompt further gains in London,
        638 words
      • Article
        Paris
        135 22 +5.81 Frcnch shares finished firmer, helped by short covering, after the market took a positive view of US manufacturing output figures for January. There was initial uncertainty over how to interpret the data but as bond markets rose, so shares followed. However, there was still caution overhanging the market
        135 words
      • Article
        Frankfurt
        201 22 +7.15 German stocks closed higher after a US consumer price report indicated steady inflation rates, leaving investors uncertain whether another rise in US interest rates is on the way. The DAX Index of 30 leading stocks closed the postbourse electronic-trad-ing session at 2135.49. That's a rise of 7.15 points
        201 words
      • Article
        Brussels
        209 22 +0.15 Belgian shares clawed their way into positive territory to end fractionally higher, but dealers did not hold out much hope of a rally over the next few days. "Investors are sitting on the sidelines. It's hard to find any clients until we get a real sign of where
        209 words
      • Article
        Stockholm
        155 22 -0.28 pc The bourse closed lower in moderate turnover of almost two billion crowns. The OMX Index fell 0.28 per cent to 1192.05. A fall in Ericsson by three crowns to 435.50 contributed to a lowering of the Engineering Industry Sector Index by 0.5 per cent. The other sectors
        155 words
      • Article
        Zurich
        261 22 -3.86 Swiss shares ended slightly lower in thin trading and low volume on a lack of interest, dealers said. Broad SPI Index closed down 3.86 points to 1,715.86 points. US CPI data had no influence on share prices, dealers said. The market is expected to drift sideways in the
        261 words
      • Article
        Johannesburg
        362 22 +7 South African shares reversed early declines by the close yesterday as a firmer bullion price provided support in thin trade, dealers said. They said the market continued to struggle for direction, and needed a spark to bring fresh buyers in. Traders said gold could provide the spark if
        362 words
      • Article
        Toronto
        295 22 +4.10 Stocks edged higher in quiet early trading with market players looking to corporate earnings and US economic data tor direction, traders said. The TSE-300 Composite Index rose 4.10 points to 4114.6 on light turnover of 6.24 million shares valued at C 570.25 million. Advancing stocks squeezed past declines,
        295 words
      • Article
        New York
        715 22 +7.4 The Dow Jones Industrial Average, which edged up 4.04 points on Tuesday, was ahead 7.40 points to 3965.65 at 11 am EST. The New York Stock Exchange Composite Index was ahead 0.05 to 262.18, while Standard Poor's 500-stock Index was up 0.09 to 482.64. Advances edged declines
        715 words
      • Article
        Untitled
        937 22 Britannia Funds Sterling Cash Bid Offer Mim t ip Drpowt n 6400 34 6500 Mim Jeney Gilt A 1(9) 0.1992 Mim Mu Income .0.9100 0 9)00 I'SS Cash Income Plu» Fund *9 3000 *9 1000 PS Rnerve Fund 5 3900 5 4000 Sterliag Eqaity Euro Performance .0.4592 0 4931 Far
        937 words
    • Article, Illustration
      Lock icon HONGKONG
      2891 23 Bloomberg Business News HONGKONG Stocks rose for the first time in four days as property stocks and conglomerates with property interests in China surged on news that China would exempt some real estate deals from capital gains tax. Among the biggest gainers on the benchmark Hang Seng Index was
      Bloomberg Business News; Source: Bridge Info  -  2,891 words
    • Article, Illustration
      Lock icon CHINA
      556 23 CLSA IN Hongkong, H shares brushed aside Tuesday's losses to climb 1.5 per cent, partly stimulated by the overall rise in the Hongkong market. Despite turnover contracting to only HKSIO4 million, the rise was across the board. Maanshan Steel regained its HKSI.6S mark, although buyers are already exercising caution.
      CLSA  -  556 words
    • Article, Illustration
      Lock icon TOKYO
      2555 23 Bloomberg Business News TOKYO Stocks fell to their lowest point in three weeks amid concern the weakening dollar will hurt earnings of export-dependent electronics and car companies. Declines in the retail, steel, and construction stocks also added to the fall."lnvestors are pessimistic because the yen is strong," said one
      Bloomberg Business News; Source: Bridge Info  -  2,555 words
    • Article, Illustration
      Lock icon BANGKOK
      1664 23 Reuter BANGKOK Thai stocks closed firmer after fluctuating in a narrow range while most investors remained sidelined ahead of the release of US consumer price index data for January, brokers said. The SET Index closed up 2.46 points at 1,286.43 after hovering between 1,282.42 and 1,293.23. Turnover was a
      Reuter; Source: Bridge Info  -  1,664 words
    • Article, Illustration
      Lock icon JAKARTA
      1171 23 Reuter JAKARTA Jakarta share prices closed higher in active trading on selective blue chip buying by foreign participants and speculative buying of property shares by local players, brokers said. "Foreign participants were very active in the second session, snapping up blue chips like Indosat. Barito Pacific and Gajah Tunggal."
      Reuter; Source: Bridge Info  -  1,171 words
    • Article
      CLOB INTERNATIONAL
      2535 24 Gr Gr 1994/95 La* Vol Day Last Quote Dt» Di« VM Net \l C'«p High Low Company Sale (TOO) High low Barer Seller Or P/E Stall MALAYSIAN STOCKS 398 73 m .MSB 50c 282 +2 J 282 282 284 296 JO -2.9 0 3 2* 9 ■—206 77.5
      2,535 words
    • KUALA LUMPUR STOCK EXCHANGE
      • Article, Illustration
        Lock icon Shares rise as rate worries abate
        6826 24 Bloomberg Business News KUALA LUMPUR Stocks rose as signs of slowing US inflation diminished concerns about rising interest rates. The Kuala Lumpur Stock Exchange Composite Index rose 6.29 points to 979.28. The broader Emas Index rose 4.43 points to 287.69. Multi-Purpose Holdings Bhd gained
        Bloomberg Business News; Source: Bridge Info  -  6,826 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        8173 25 Or Gf M Wl I Jul Vol Day Im(>m Di< Di< \U Nri Can A»g Hick Ln oaipaai Sri* COM) High L®. Buyer Seller S C.r S P/E Ml Pricr INDUSTRIAL AND COMMERCIAL 720* )88 mt 5 Acini 50c 444 f4 II 444 4)4 442 446 8 8 4.7 1
        8,173 words
      • Article, Illustration
        Lock icon Spurt in trading pushes up STII above 2,100 mark
        1897 26  -  By R Sivanithy SINGAPORE The local stock market, which initially appeared to be headed nowhere in lethargic trading, suddenly sprang to life in the afternoon session a surge big enough to push the Straits Times Industrials Index past the 2,100-mark. Activity
        Charts by Bridge Info; Source: Bloomberg  -  1,897 words
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      Page 15 Advertisements Column 1
      472 15 NEWS VALUE China imposes capital gains tax on property investment (Pg I) No immediate impact on companies with property projects in China but interest in Chinese property projects likely to cool further. Listing of Singapore Technologies units not likely until 1997: sources (pg I) Price of listed companies in the
      472 words
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      Page 16 Advertisements Column 1
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      167 words
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      Page 17 Advertisements Column 1
      130 17 SINCE 1964 *1/2 hour Colour Print ■I E6 Slide Process Hj W Canon Instant Colour Laser Copy/OHP (Only at Orchard Tower) HI II l/C Instant Passport H| HI Lamination Hi Available at: HI #81-15 Orchard Towers, Orchard Rd Tel: *****15 #01 -07 Tanglin Shopping Centre Tel: *****45 THE PROFESSIONAL LAB
      130 words
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      Page 17 Advertisements Column 2
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      56 words
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      Page 18 Advertisements Column 1
      457 18 LIFESTYLE CJ 1 Jfr i watchmalmi^^^vjp^ tradition #< Audemarsi Piquet Museumr^^^P La Vallcc dc Joux in the Swiss Jura, some 50 km north of Top Prize: A fascinating SD/4N trip to Switzerland for two by Geneva, is the cradle of the watchmaking art. It was here Business Class. Highlights include:
      457 words
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      Page 19 Advertisements Column 1
      1777 19 THE BANK OF EAST ASIA, LIMITED ANNOUNCEMENT OF 1994 FINAL RESULTS SUMMARY OF RESULTS The Directors of The Bank of East Asia, Limited announce that the audited results ol the Group (or the year ended 31 st December, 1994 are as follows: 1994 1993 Increase HK$ HK$ Interest income 4
      1,777 words
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      Page 21 Advertisements Column 1
      81 21 Financial fSESSf News A Quick Look At The I Markets I Call 24 hours a day for I I SES KLSE midday I reports, closing I I market reports and business news. Cost: 30 cents a minute INFElline An SPH AudioTex Service Any Time. *Mf ?ree long yeacT j I
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      Page 21 Advertisements Column 2
      52 21 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead. jrnrX f JUST CALL 1800-737-1166 Make the connection through The Straits Times Classified when you're looking for sg bargains or A iS looking for customers. f9&[ Just give us a
      52 words
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      Page 22 Advertisements Column 1
      153 22 I s ijfc V Singapore Handicrafts Singapore's leading rosewood specialist. A rosewood MMm&jJmM ClI xfj €m m^ ster P' ece ils refine 'i OO5 proportions will every furniture we sell is exquisitely designed and of the highest quality hands Of I '(f m 1' —.-Jam Main Showroom :72 Eunos Ave
      153 words
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      Page 23 Advertisements Column 1
      34 23 United Airlines First out Last in. Everyday non-stop to Hong Kong. We depart daily from Changi to Hong Kong at 0825hrs, arriving at 1205hrs. And return at 2110hrs, arriving back in Singapore at 0050hrs.
      34 words
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      Page 24 Advertisements Column 1
      66 24 I Since 1735 there has i never been a quartz Blancpain watch. And there never will be. Sl*«apoie Till-: IWUH CI ASS lucky Tel 7J4MKVI Scall*. Tel 2tt6f 27/7l<M r.T'T""' 7Miy*Wfiol.|H.M>tnMiUPU/jIH »?B*H/Iwv»j.w«wwrw<lcccmww .*****07 I'jUiin Kciwisnjikc. Tel 7 )i1 i krfllk-s Tel CKinei Airpoil ltomiiwl l|Ka* (.West Win<M TH MNWiW, Tcimiiwl
      66 words
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      Page 26 Advertisements Column 1
      715 26 1 Form 69 (3) (Rule 91) NOTICE OF INTENDED DIVIDEND Name of Company NORSE MANAGEMENT COMPANY (PTE) LTD (in Liquidation) Address of Registered Office 1 Sophia Road #06-12 #07-10 Peace Centre Singapore 0922 Court High Court of Singapore Number of Matter Companies Winding-up No 42 of 1992 Last Day for
      715 words
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      Page 26 Advertisements Column 2
      454 26 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF CHERVI BOUTIQUE PTE LTD (In Members' Voluntary Liquidation) Notice is hereby given pursuant to Section 308 of the Companies Act. Cap. SO that a Final Meeting of the Members of the abovenamed Company will be held
      454 words
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      Page 26 Advertisements Column 3
      82 26 OMENTAL HARDWARE CO PTE LTD (fa D/tmtrrr' Wmiary I NOTICE or FINAL MEETING NOTICE IS HEREBY OIVEN paral to S«ctk» JOi<2) of tbe Co«paaice Act, Cap. 34 tbal tbe Float Meeti*| of tbe Meabera of the aboveaaaed Coapuji will be bald M 60 Albert Stract #07-10 Albeit CoapWi Sii|ipore 0711
      82 words
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  • SHIPPING TIMES
    • Article
      K line teams up with Hyundai on Transpacific trade
      349 27  -  Japanese line to partner Yang Ming on Europe/Asia trade By Rahita Elias SINGAPORE Japanese shipping giant Kawasaki Risen Kaisha, better known as 'K' Line, will tie up with South Korea's Hyundai Merchant Marine on the Transpacific trade. But its new partner
      349 words
    • Article
      Lock icon Ports of Auckland's profit up 66% on higher trade volume
      316 27 Bloomberg Business News WELLINGTON New Zealand utility Ports of Auckland Ltd said yesterday that firsthalf net profit rose 66 per cent on operating efficiencies and growing trade volumes. Profit in the six months to Dec 31 increased to NZ520.62 million
      Bloomberg Business News  -  316 words
    • Article
      Lock icon Japanese whalers seen hunting in Antarctic sanctuary
      264 27 AP SYDNEY Greenpeace has caught Japanese whalers off Antarctica hunting minke whales in the Antarctic whale sanctuary, a practice that Japan says is for scientific purposes only. But the meat from the slaughter of minke whales ends up on restaurant tables in Japan,
      AP  -  264 words
    • Article
      Lock icon M'sian police cripple syndicate stealing containers
      241 27 Bernama KLANG Police have crippled a syndicate specialising in stealing containers and their valuable consignments with the arrest of six members of the syndicate including the mastermind. On Tuesday Klang OCPD ACP Khoo Ah See said two of the thieves were company managers, two
      Bernama  -  241 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      615 27 Page Col Able Shpg 7 4/5 Accord Group 8 1-3 ACL 9 1/2 •Ahlers Lines 12 1 Ahrcnkiel Liner 4 1/2 •Appenship 4 4/5 •ANL 3 4/5 •ASCL 5 5 Astro Shpg 8 4 Avant Shpg 6 4/5 •Bank Line. The 9 5
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    • Article, Illustration
      Lock icon French seamen protest against foreign hiring
      47 27 Reuter BOULOGNE, France trench riot policemen using shields for protection from flares thrown by French sailors on Tuesday. The sailors, members of the seamen's union, were protesting against the hiring of foreign crew by the Meridian ferry company on Tuesday. Reuter
      Reuter  -  47 words
    • Article
      Lock icon Osaka to open 24 hours to make up for Kobe disruption
      171 27 Bernama-Kyodo OSAKA Osaka port will be open to ships on a 24-hour basis to help make up for the disruption to the nearby port of Kobe from the Jan 17 earthquake, a liaison committee overseeing operations at Osaka port
      Bernama-Kyodo  -  171 words
    • Article
      DAILY FREIGHTS
      1238 28 EASIER RATES were heard for the key US Gulf/Far East route on Tuesday and Baltic freight futures fell, although the spot index was unchanged and opinions differ on the nearterm direction of the dry cargo market. Transatlantic rates were steady and the Pacific firmed. Reports conflicted on Hanjin's
      1,238 words
    • Article
      TRANSPORT DIARY
      569 28 COURSES Title: Developing a Safety Management System Duration: Feb 20-22 Organiser: Lloyds Register of Shipping Tel: For further details, contact Ms S Y Yeo/Mr Camilo Heng/Capt Ron Vardon at 278-9444 or fax: 273-1662. Title: Principles of Shipping Documentation and Practices (SDF 70%) Duration: Feb 23 May 25 Organiser
      569 words
    • Article, Illustration
      Lock icon Italian shipping industry at crossroads
      1053 29  -  Plans are afoot to start an international register for Italian ships to compete against foreign-flagged vessels. Antonio Ciampi reports Antonio Ciampi Seatrade Week Newsfront SHIPPING in Italy is suffering the agony often associated with proposals to establish a second register. Unusually, the trade union leaders,
      Seatrade Week Newsfront  -  1,053 words
    • Article
      THE SHIPPING GUIDE
      13254 36 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. I£C£M) PN: ship calls at Penang after
      13,254 words
    • Article, Illustration
      Lock icon Cockpit crew's error behind abortive takeoff
      960 39  -  Matthew L Wald looks at the findings of the safety board on why a Continental Airlines jet ran off the runway at La Guardia Airport last March Matthew L Wald NYT A CONTINENTAL Airlines jet ran off the runway at La Guardia Airport on
      NYT  -  960 words
    • Article
      SHIPPING AGENTS
      3399 40 A Xm.BC C onlainerline NV: Bclsin Shpg Agencies Pie Ltd (SVManne Handling Sdn Bhd (PK/PN). Accord (•mup: Accord Shpg Pte Ltd (SVAccord Contr Line (PK/PN). Adkris Business C orporation Philippine Calsource Shpg Trdg Pte Ltd (S) Ahrenkiel Liner Service: Kim Shpg Trdg (S). Vlbatros Sea-Air Service: Frata Shpg
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    • Article
      COURIER SERVICES
      283 40 Abacus Couriers Tel: 545-8011. Fax: 5-45-18^8 Air txpress Travel Tel: 533-5771. Fax: 535-6144 Airborne Freight orporation Tel: 542-8844 Fax: 542-3716. *****80. Airswift Worldwide Courier Tel: 278-0188. Fax: 273-8283. AJS Supplies Tel: 748-6322 (2 lines). 747-7421. Fax: 742-8975 Citx-Unk International Tel: 344-3377. Fax: 345-6450. Cluster link Supplies Sen ices
      283 words
    • Article
      AIR FORWARDERS
      1525 40 Abex Express Freight Tel: 542-7171. Fax: *****84. Aclinic Forwarder Tel: 225-1833. Fax: *****42. Activair Singapore Tel: 542-7822. Fax: *****20. Aerolink Freight International Tel: 545-8033. Fax: *****05. Aerospeed Tel: 542-5911. Fax: *****18. Air Cargo Novo Express Tel: 542-5454. Fax: *****06. Air Express International Tel 542-7666. Fax: *****74. *****50 Air
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    • Article
      PORT CONDITIONS
      2301 41 ARGENTINA Diamante, Santa Fe: No vessels berthed, no vessels in roads, no vessels due. San i>orenzo: Six vessels berthed of which 4 loading soya bean meal pellets. 1 wheat, 1 soya oil. 7 vessels in roads. 14 vessels due at 9 terminals during the coming week. Rosario: One
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    • Article
      CRUISE & FERRY SCHEDULES
      853 41 CRUISE FERRY SCHEDULES CRUISE SHIPS Arr Dep Name of Vessel ETA LTD Ports of Calls Port Agent Telephone No FEBRUARY 16 16 Renaissance I Pcnang Renaissance Cruises 222-3388 16 16 Columbus Caravelle Kukup Harpers Shipping 221-1388 16 16 Megastar Aries Malacca Jardine Shpg Agencies 224-1052 17 17 Song Of Flower
      853 words
    • Article
      SHIP SALES
      860 41 DESPITE the lack of sales reported recently, buying interest for good quality dry bulk vessels remains firm and this has resulted in a number of fresh deals coming to light during the week, mainly in the panamax sector. Two modern panamax bulkers lead the way with reports that
      860 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        498 42 fay Wo Berth Arrival Departure Vessel Voy Wo Berth Arrival Departure Jurong Port Batam Spe«d5 A3195* P01A 1602/1300 1602/1500 Aiana laya A63 19 alongside 16/02/0500 Batam Spwft ****** P01A 16 02,0/00 16 02/0900 ArMs Faith 9D/10A 12 alongside 1602/2359 Btue lade 69A P08A 1502/1900 1602/1500 Aula Seraya
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      • Article
        CONTAINER SCHEDULES
        1181 42 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Booking/Balance Rslts Ship Woy No Etb/Btr Period From To From CX Daisy 062A 18/1100 IB 15/1500 15/1659 15/1900 4 16/1200 16/1459 16/1700 ACX Jade 2256 17/1100 3 16/0700 16/1159 16/1400 4 16/1200 16/1459 16/1700 ACX LJy 0596 17/2359 IB
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      • Article
        COCKETT BUNKER MARKET REPORT
        871 42 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
        871 words
      • Article
        VERITAS BUNKER QUALITY REPORT
        577 42 Feb 9 Density Niter Residue Ash Ataman SeAnent w ucnsny naief Kesxue wn wvmfn ie<vnem 1M/M vm/m uofl [xxon KG/M*3 V/V MM M/M PPM method KG/M*3 V/V M/M 1 M/M PPM npthod BO/Gmac Lfnti Spec 991 10 15.0 0.10 30* 0 10* 180 Aw 986 0
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    • AIR AND LAND TRANSPORT NEWS
      • Article
        Lock icon US air traffic reform plan wins some backing in Congress
        422 44 Reuter WASHINGTON Transportation Secretary Federico Fena took his plan to reform the nation's air traffic control system to Congress on Tuesday and won some backing that reforms are needed, although maybe not exactly those he wants. Many Republicans on the
        Reuter  -  422 words
      • Article, Illustration
        Lock icon Fallen Boeing wheel lands in pizza factory
        97 44 AFP SCHILTIGHEIM, France The director of food company Etablissements Roger Roposte Traiteurs showing the wheel of a Boeing 757 which landed in the pizza stocking area of its factory here near the Strasbourg airport on Tuesday. The 200 kg wheel fell off the
        AFP  -  97 words
      • Article
        Lock icon US airlines cut fares to match AMR, Am West discounts
        225 44 Reuter NEW YORK Major US airlines have cut fares for winter and spring travel in the US, Europe, the Caribbean and Mexico, matching a pair of discounts launched by AMR Corp and America West Airlines Inc. The fare discounts were
        Reuter  -  225 words
      • Article
        Lock icon Committee to look into losses of Indian Airlines
        173 44 UPI NEW DELHI India has set up a committee to examine the huge losses posted by its stateowned domestic air carrier and suggest ways to meet rising competition from private airlines, officials said on Tuesday. Indian Airlines had incurred more than US$225
        UPI  -  173 words
      • Article
        Lock icon Continental to cap travel agent commissions
        443 44 Reuter NEW YORK Following the lead of other major carriers. Continental Airlines Inc said on Tuesday it would "reluctantly" impose a cap on travel agent commissions beginning April 1. The Houston-based airline, which had not been expected to make a decision so soon, said
        Reuter  -  443 words
      • Article
        Lock icon Lack of strong entry-level car may hurt GM
        479 44 Reuter DETROIT When Alfred P Sloan reorganised General Motors Corp in the *****, his goal was to create a powerful marketing system that offered "a car for every purse and purpose". From entry-level cars to luxury brands, GM had a car for
        Reuter  -  479 words
      • LOG BOOK
        • Article
          New freighter for SIA
          55 44 SINGAPORE National carrier Singapore Airlines yesterday took delivery of its third 8747-400 freighter, known as the Mega Ark. The plane will go into service on Sunday. SlA's Mega Arks serve several destinations including Singapore, Amsterdam, Auckland, Bombay, Brussels, Sydney and Taipei. A fourth Mega Ark is
          55 words
        • Article
          Lock icon McDonnell switching production work
          133 44 Keuter LONG BEACH, California McDonnell Douglas Corp said it is transferring production work on its MD-11 commercial jetliner to its Douglas Aircraft Co plant in Long Beach, California, opening up about 1,350 new jobs there. The aerospace company said the production work is now being done
          Keuter  -  133 words
        • Article
          Lock icon Alaska carrier on course for Russia
          132 44 AP SEATTLE Alaska Airlines said yesterday it will continue its current flights to the Russian Far East and resume regular scheduled service to Dutch Harbour, Alaska. An airline spokesman said renewed discussions between the airline and its pilots cleared the way for the decisions.
          AP  -  132 words
        • Article
          Lock icon Korean vessels send Indon crew home
          142 44 AFP WELLINGTON Twenty Indonesian crew members who walked off two South Korean squid boats in Wellington complaining of inhumane treatment are being sent home, the ships' agent said yesterday. Michael Park, local agent for the Korean Kyung Shin Fishing Company, said the Kum Yang
          AFP  -  142 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1758 44 at* fw eta nw atjr nm eta n» Aba MuM GA985 1105 Gf 147 1850 Hand VN741 1310 VN740 1410 }'J° Hjtyai M1893 1705 MI894 1325 SQ441 1510 TG407 2120 GA883 1520 GA975 1535 Na CM MM City VN741 1310 SQ172 1000 AdaUMa QF81 1930 QF82
        1,758 words
      • Article
        Lock icon Airline specialist set to head Olympic Airways
        245 44 Reuter ATHENS Leading airline specialist Rigas Doganis said on Tuesday he would be the new head of Greek carrier Olympic Airways, pending government approval. Sources said Mr Doganis was being hired by Greece's socialist government to push through a four-year rescue plan, approved
        Reuter  -  245 words
  • Page 27 Advertisements
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      Page 27 Advertisements Column 1
      50 27 Every Monday to N.EUROPE, RUSSIA, PORTUGAL, HUNGARY, SCANDINAVIA, UNITED KINGDOM. Hotline *****30 For more information, please refer to Py. 6 Italian shipping industry at crossroads, Pg 3 Cockpit crew's error behind abortive takeoff of Continental jet, Pg 13 US air traffic reform plan wins some backing in Congress, Back Pg
      50 words
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      Page 27 Advertisements Column 2
      27 27 Line* and services represented by />£m£v\ Members of the Registry of Accredited Shipping Agents, Singapore National vJXZfffJ Shipping Association. For advertising enquiries, contact Shipping Times: Tel 740-2089/740-2090
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      Page 27 Advertisements Column 3
      26 27 PERSONAL FINANCE INVESTMENT Every Saturday in Business Times EYE ON THE TIGERS Nobody covers East Asia like we do. The Region. Everyday. m Business Times WEKNOWASI*
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      1904 28 I aa«W*MPlari I OWH MCTHMIBMMf I I NOHTH AMB&n pwicr cau. to wait coast <scao wist coast op cimtwal amswca fMAWQAitfTA snivico "1 smoapom! cauporma express (dmcct from wist coast) XJO WT STOM II OK n II W HOUSTON CMC N* WKO "OT" WY LA FOB USD U U R(B
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      Page 28 Advertisements Column 2
      47 28 •a IW m* M o °o O m m Hi tti *1 LEAD BY! t» EXAMPLE S m H BM m W M Mm E For some of the best examples^ m* of good management. Enterprise Management. Every Monday. hs. tot Ail f 1 BusinessTimes^ MMi H
      47 words
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      847 29 fiL/YOT Isu ra I pffl SKI BM Ml BH MH j] Mel/my W bmi ysi/voy Imi I cmb I to m m cimw 20/2 4/3 4/3 t/3 1/3 7/3 7/3 V 3 11/3 mam cm* nn 7/3 9/3 nam cimw 20/2 n/2 11/3 Mlari CIOSW 27/2 13/3 11/3 13/3 IV3
      847 words
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      Page 29 Advertisements Column 2
      117 29 Accepting LCt and centsinerteed cargo** Direct to South Afrtei S'pora Durban P ENz C Town Pull Contik>9f itnrtct OSAKA MARU 0360F IN PT 01/03 03/03 04/03 NEW OASIS 040 IF 19/02 04/03 06/03 08/03 ORANJE 0520F 03/03 16/03 17/03 19/03 A VSL 06XXF 11/03 24/03 26/03 27/03 VAAL 0777F 21/03
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      Page 29 Advertisements Column 3
      413 29 ANL. IT'S AUSTRALIAN FOR SHIPPING TO AUBTRAUA (EAST COAST) I FROM AUSTBAUA (BAST COAW KMfl/WT MT rue W OM STD MB MM MM WSXI/WT ME n Kl M n IT Strjrit SOW* m 11/02 10/02 MPT 01/01 M/ 01 *7/0) M/ 01 A. GOW« 1M 20/01 21/01 20/01 19/01 11/02
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      1443 30 R'DAM LE SOUTH- PORT VOY NO HAMBURG ANTWERP HAVRE AMPTON KEIANG S PORE HKG KAO TYO SHI KOB NAG LA SEINE 39/204 24/1 26/1 28/1 16/2 19/2 24/2 23/2 2/3 28/2 HOECHST EXPRESS 19/404 28/1 30/1 1/2 25/1 19/2 23/2 KITANO 28/205 31/1 2/2 4/2 23/2 24/2 28/2 2/3 9/3
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      Page 30 Advertisements Column 2
      524 30 459wgfmmk IS'pofe P.Ketang Loading for VLAHERNA 22/2 R<*n/Atw/UK/Nantes ESER HAPTANOGLU 18/2 22/2 Rdm/Atw/Bmn/UK STEPMN ARTEMENKO 28/2 2/3 Rdm/Atw/UK/Nan 'Loads E./W Malaysia. Indonesia I Loading for JEMIMA M Dubai Damman/lddah Aqaba H MANISAMUT NAREE Kuwait/Damman/Dubai H 'Loads Singapore. E./W. Malaysia. Indonesia I I Loading for PAN EXPRESS Los Angeles/New Orleans/ I
      524 words
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      Page 30 Advertisements Column 3
      1328 30 I NORASIA I I 11 /02 09/03 12/03 13/03 14/03 14/03 15/03 16/03 15/03 16/03 I I IV 14/03 17/03 11/03 18/03 19/03 20/03 21/03 21/03 '22/03 I I 01/03 21/03 24/03 «/°3 26/03 27/03 27/03 21/03 20/03 30/03 I I 10/03 30/03 02/04 03/04 02/04 03/04 03/04 04/04 04/04
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      Page 31 Advertisements Column 1
      1430 31 E STRAITS SHIPPING PTE LTD ABef SV 10 Ho« Chiang Road #11-01 Keppel Towers 3 0208 Tel: *****88 Fax: *****17 MMmMtHAßßM;li\Wlil!i:ld?llUHM I MkiA I. WW OUINIA PACIFIC t—i! afl&f (a sirvice of china navigation co accipis vywy CARGO 0W SM.S STRAITS VENTURE V9505f Mu<J, Lab. KK 1(17 Feb II Fob
      1,430 words
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      Page 31 Advertisements Column 2
      2566 31 W Singapore Agent: I I .Aflf jll P&O Containers (Singapore Agencies) Pte Ltd 10 lloe Chiang Road, #07-01 Kcppel Towers, Singapore 0208 First Class Connections WORLDWIDE Tel: 225 2233 Telex: RS ***** PNOCSP Fax: 225 5327/222 7517 EXPORT IMPORT J* "J*® J®" AI<T OOT BKE LEM VESSEL WO* ZEE GOT
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      Page 32 Advertisements Column 1
      534 32 Ar. JOINT VENTURE 'WV SAMUDERA INDONESIA SIR RICKMERS Win t i SINGAPORE CHINA j MSA SEPULUH VOY 3NB 14 FEB QINGDAO GREEN ERA VOY 4NB 13 MAR XINGANG SHANGHAI INDUCEMENT CALL P.KELANG INDUCEMENT CALL HK. P GUDANG. BELAWAN, TG MAN XIAMEN. HUANGPU UTAMA HARTA |If j WEEKLY FULL CONTAINERBHIP FEEDER
      534 words
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      Page 32 Advertisements Column 2
      1227 32 HANJIN SHIPPING BOOKING TEL:- *****35-237 OPERATION TEL: *****41-253 SALES TEL:- *****30-233 DOCUMENT TEL: *****71-275 for «i 5Mi m sm mm f» 5 liac M sav m arc HANOI KAOHSIUNG 01* 24 2 WRfCT IC/3 17/3 11/3 MA*** KUNSAN IUE 18 2 H WNTOM 05* 23/3 74/3 2C/3 HANMI 10NGKACH 051E
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      Page 32 Advertisements Column 3
      1330 32 I RU "B WI OS RGT SMI TTO IU CHS Ml RVC UN «M KM I* IK P« M fIU SCP E If 1H n J{ 1/3 13/3 14/1 IV! U/3 17/3 11/J SI 11/4 13/4 24 425 4 214 27/4 214 l/S lIS 22/5 24/5 B I I ®5£
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      1953 33 VARNA (BULGARIA) CONSTANTZA (ROMANIA) VIA UMASSOL 3 SAILING PHI MONTH T#F (Conor »l): *****00 Soln Boohing: *a~cf Oopt: 'COSTAR SHIPPING PTE LTD iSJSf* C—fM«r. 4MS*4I/§44 Src l/L: 4205t02 Oporttnn Container *****15 Ic i" ~J c L rw«jr: ***** COSHIP Conrontioaol: *****50 DO: ******5 Conronttonol 4205/46 OCsSmT £SLr* C**«. JJ*****0000 M
      1,953 words
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      Page 33 Advertisements Column 2
      655 33 Q HEUNG-A SHIPPING (KOREAN FLAG) I FUUY COHTAWERgED SERVICE 1 1 COttVPfflOHAl SERVICE 1 MMWTAWC iPUtIWQI WW [jKTjHKOt W| fNC j «Mf I W| HKQI «W |JKT|« cr SUM WW 11/02 10/02 20/02 23/02 21/02 05/02 00/02 >7/82 WO. > POMM SO2W 11/0? 10/02 22/02 20/02 00/03 11/03 GLOW I
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      Page 33 Advertisements Column 3
      279 33 rnmsm i SHIPPING WAREHOUSING I Miimiiw.il I Singapore Loading Every Mon To Fri (BATAMINOO l/M) Kg o Y/> Accepting FCL/Conven»k>nel/Pro»ect A Heavy Lift Cargo Tel: 227-0322 j Batamlndo Shipping Warehousing Pte Ltd r t Fax: 222-9330 j| trw liner smrriNCi pte ltd I] A 1° ANSON ROAD. 011-01 INTERNATIONAL PI.AZA.
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      Page 33 Advertisements Column 4
      401 33 FAMOUS CONTAINER LINES 80 ROBINSON ROAD, #22-02 SINGAPORE 0106 HOT LINE: *****33 (30 LINES) GOTHENBURG/SCAN 20/02 ROTTERDAM 20/02 AARHUS/COPENHAGEN 20/02 HAMBURG/BREMEN 20/02 MARSEILLE/FRANCE 21/02 FELIXSTOWE/UK 20/02 BARCELONA/SPAIN 17/02 LEHAVRE/FRANCE ***** GENOA/ITALY 17/02 ANTWERP/BELGIUM 21/02 LOS ANGELES/WC/IPI 17/02 SYDNEY/MELBOURNE 22/02 NEW YORK/EC 17/02 FREMANTLE/ADELAIDE 21/02 VANCOUVER ***** BRISBANE 28/02 TORONTO/MONTREAL 17/02
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      Page 33 Advertisements Column 5
      142 33 pQ dongnama line COMTAINMWIO SKWVTCI tTHA»Tt/ILW/IWC/—W KSStI (IBS) S» f* Kll fNE MC BS* Msrm nun 20u 2202 a/12 21/02 mm m/u MM*) nun 2V«2 17/K 20/02 MM 12/ M IVU niou nam mm «/u mm dm 22 m SMOMC TMCO BOW 11/U 1) 13 14/01 1«/U 20 03 20
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      1227 34 l yEBBgL voy sin *TIZ3 I VOY w p f BHATRA BHUM MS Sat 1»/2_ Tua _21/2_ INTRA BHUM 5027 Fri 17/2 Sat 18/2 Bi VESBEL m 1 VIRA BHUM ms Sun- 18/2 Thu 23/2 ,NTRA BHUM 502, ~20/2~ "wid" ~22/2~" ggj MAHA BHUM 217N Thu In Pt Sun 19/2
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      Page 34 Advertisements Column 2
      912 34 79 ANSON ROAD, #21-01, SINGAPORE 0207 TELE: *****92 FAX: *****57 CR **********0N STRAITS SHUTTLE SERVICE PORT KLANG PENANG *>Y SH PKL VESSEL VQT SW fffl LAUBU 362N 16 2 (IHU) 11,2 (FW) MCC CONVtrtf) SOU 17;? (FWi 13 2 iSUW; FM>O 17/2 (FW) 19/2 (SUN) HOUR lAYA ***** 19/2 (SUN)
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      1123 35 ADVANCE CONTAINER LINES (PTE) LTD I 140 Cecil Street, #12-00, PIL Building, Siogiport 0106 ——TEL: *****21, FAX *****19. TELEX RS ***** ACLPL I BAWOKOH iIWOA IXPREt. II i«iMi I (5 9.1.n,./WHt to PAT. 2 SaAn*. to BMT. 1 Sa.l.n« to ICM) (J S«l.n«./Wwkl PAT Tt tL vov am bkk sm
      1,123 words
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      Page 35 Advertisements Column 2
      886 35 I VtSStLS DOT sw 11 mm HAWUPG THAAgS ROTTUtOAM hwtwrp Win OHYMA HO7W 22/8? IV 03 17/03 19/03 20/03 21/03 Ot LYRA Yo7* 02/03 22/03 24/03 H/03 27/03 5703 Wilt 0€ WLA VO7W 09/03 29/03 31/03 02/04 03/04 04 04 Wilt ot TITANA TOW IVO3 05/04 07/04 09/04 10/04 WO*
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      Page 35 Advertisements Column 3
      608 35 i BSfl a M MYANMA ■BBk five star line (Myanmar National Line) Loading for Yangon (Rangoon) S'poce P.KIf Pen P.Gdj HP* AN V2O7W 11/20 feb PATHEIN VI3IN 27/01 Mar PAGAN V2IBW 21/01 Mar MALATSIA AGENTS BOUSTEAD SHIPPNG AGENCIES KUL TEL 02 03 *****00 PKI TEL 02-03 36*6767 PEN TEI 02-2(*****
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      718 38 m RICHFIELD MARINE AGENCIES (S) PTE LTD H TEL: *****33 (12 Lines) K FAX: *****15/*****03 MJ TELEX: RS ***** RISHIP (3 Lines) CR NO.: **********0E li hJS4 ETHIOPIAN SMPPMG LINES f (National Lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL Voy ETA Loading For Spof Andinet 38WB 03/04 Mombasa. Djibouti Assab
      718 words
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      Page 38 Advertisements Column 2
      670 38 A WM AFGHANISTAN M&M Afghanistan Ltd., HLJH Hairatan. Torghundi. Islamqala (Doqharun) MWmifcuWm c.i.s./russia: Alma Ala. Ashkhabad. Baku. Dushanbe. y.... -j. Irkutsk. Khabarovsk. Krasnoyarsk. Korsakov. Moscow. Mincer Muncn Novosobirsk. Sochi. Tashkent, Tbilisi. Vladivostok, Vostochny International Forwarders Mongolia: uiaaneatorN Korea: Pyongyang, Nampo EXPRESS CONTAINER SERVICE TO WEST COAST SOUTH AMERICA I ALSO
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      Page 38 Advertisements Column 3
      299 38 TTTv FOONG SUN SHIPPING (PTE) LTD. WHOLESALE CENTRE, BLOCK 1, #03-10 SINGAPORE 0511 BOOKING/ENQUIRIES C R NO **********0W TEL: *****55 (12 LINES) FAX: *****16/*****25 TLX: R*****0/***** FSSHIP vessel wr n* no desthation SUN RAY 3/95 17/2 19/2 PLAJU/PALEMBANG SEAMAR 2/95 20/2 22/2 PONTIANAK/SHTETE NANUAKU 1/95 20/2 22/2 BENGKULU/PADANG SUN SPEED
      299 words
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      Page 38 Advertisements Column 4
      413 38 ptAIMN CONTAINER LINES, INC -K=/\"Vr A 8« nt MAC-NELS SPORE: *****22 (24 LINES) V 'cm Mm UIII7IIIIH SIBU (064) *****9 KUCHING (062) *****3 PENANG: (04) *****6 BANGKOK (662) *****57 MANILA (632) *****61 P.KELANQ: (03) *****77 JAKARTA: (21) *****07 SURABAYA: (31) *****0 ASIA HKG/TWN/BKKI GENOA/EUROPE PEN PKL SIN 5 SAILINGS/WEEK PEN
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      499 43 A HYUNDAI m ".Jb WESTBOUND TO EUROPE BKG: *****61 ~PtW fpKE PGD VESSELS VOY S* RTM ANT LEH HAM BREJ FO 15/02 17/02 18/02 H. CHALLENGER 314W 20/02 ***** 12/03 H/03 ***** 12/03 U/oT" 22/02 24/02 25/02 H. PIONEER 313W 27/02 17/03 19/03 11/03 19/03 19/03 21/03 01/03 03/03 04/03
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      Page 43 Advertisements Column 2
      389 43 STRAITS/ JAPAN/ STRAITS SERVICE MULTI-PURPOSE I RORO CARRIER SPECIALIZE IN HEAVY LfT CARGO UPTO 120 TONS RAMP CAPACITY UPTO 50 TONS leh ftro VESSEL *OT SM PK LOADOK FOR CHAMPION TRADER 43 SU) 15/2 BMTU.U 11/2 WIGHT VEGA 143 SID KUCHMG 15/2 AMMKA AMATNA 4 20/2 Mftl 24/2. TAKJONG MAMS
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      Page 43 Advertisements Column 3
      727 43 VESSEL VOT SW ETA/D LAI OAK CHI DAL MEM/COl IHOU I NYC I NOR ALLIGATOR VICTORY 59A 16/02/17/02 06 03 07/03 QS/03 09/03 09/03 10/03 10/03 11/03 MACKINAC BRPCE 83A 23/02/24/02 12/03 14/03 15/03 16/03 16/03 17/03 17/03 11/03 ALLIGATOR TRIUMPH 61A 02/03 /03/03 19/03 21/03 22/03 23/03 23/03 24/03
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  • Page 43 Miscellaneous
    • Miscellaneous
      Page 43 Miscellaneous Column 1
      298 43 TODAY'S TIDES (height in metres) HOW 0000 0100 0200 0300 0400 0500 0600 0700 0800 0900 1000 1100 1200 1300 1400 1500 1600 1700 1800 1900 2000 2100 2200 2300 2.5 2.5 2.2 1.7 1.2 0.9 0.8 09 1.2 1.7 2.4 3.0 3.1 2.9 2.5 1.9 1.2 07 0.5 04
      298 words
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