The Business Times, 14 March 1995

Microfilm: NL19814
Total Pages: 48
1 48 The Business Times
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  • Title Section
    Masthead
    13 1 Business Times MITA(P) 194/12/94 Tuesday March 14 1995 WE KNOW ASIA** 85 c
    13 words
  • 2am LATEST
    • Article
      Lock icon US financial system in good shape
      51 1 Reuter NEW YORK Gerald Corrigan, former president of the New York Federal Reserve Bank, yesterday said the US financial system was in solid shape and far better off than it was five to 10 years ago, but was not free of risk from derivatives.
      Reuter  -  51 words
    • Article
      Lock icon Sound growth
      58 1 FT NEW YORK The US and the UK were the fastest growing of the world's main drugs markets in 1994 in spite of public and private sector efforts to control healthcare costs. Both markets grew by 8 per cent to U5552.9 billion (5574.6 billion) and US$5.6 billion respectively,
      FT  -  58 words
  • Article
    MARKET SUMMARY
    172 1 Stock marital indices Friday Change STU 2,063.53 +2.25 KLSE Comp 932.02 -3.10 Nikkei 16,477.64 +119.26 Hang Seng 8,111.27 +161.88 SET Index 1,174.67 -14.81 Jakarta Comp 429.94 -2.79 Manila Comp 2,335.53 +24.57 Taipei WP1 6,503.18 22.20 Seoul Comp 953.17 -1.03 Bombay BSE30 ...3,410.11 -105.88 CLSA China B 818.65 +2.81
    172 words
  • Article
    Lock icon Dow down 9.7 pts at 2am
    89 1 Reuter NEW YORK Blue-chip stocks fell on profit-taking and nervousness about the dollar yesterday after rocketing into record territory on Friday. The Dow Jones Industrial Average was 9.69 points lower at 4,025.92 at Ipm EST yesterday as it retreated from its surge of more
    Reuter  -  89 words
  • Article
    No clients of Barings' S'pore futures arm will suffer loss
    430 1  -  By ShivTaneja SINGAPORE None of the customers of the failed futures trading arm of Barings will suffer any losses, the interim judicial managers for Baring Futures Singapore (BFS) disclosed yesterday. Auditing firm Price Waterhouse said that surplus margins totalling US$B6
    430 words
  • Article
    Lock icon Leeson formally refuses extradition to S'pore
    411 1 Reuter FRANKFURT Nick Leeson, the trader blamed for the Barings Bank collapse, yesterday formally refused to be extradited to Singapore and his lawyer said he believed Leeson would eventually be returned to Britain. Leeson told a judge during a meeting in a holding cell
    Reuter  -  411 words
  • Article
    Singapore's water charges to rise sharply in coming years
    580 1 SINGAPORE The water conservation tax and water rates must rise sharply in the next few years to reflect water's true scarcity and the cost of developing new sources, Trade and Industry Minister Yeo Cheow Tong said in Parliament yesterday. "The cost
    580 words
  • Article
    Bangkok Land may lose US$60m
    366 1  -  From Loh Hui Yin BANGKOK Land, Thailand's largest property developer, stands to lose about US$6O million (5584.6 million) for failing to hedge its Swiss franc borrowings. This is believed to be why the Stock Exchange of Thailand suspended trading in its shares yesterday. It said
    366 words
  • Article
    Persuade govts to let airlines fly free, SM urges tourism industry
    389 1  -  By Agnes Wee SINGAPORE Senior Minister Lee Kuan Yew last night urged the tourism industry to persuade governments to allow airlines to operate freely under the dictates of market forces instead of bureaucratic decrees. In a dinner address to
    389 words
  • Article
    STPB cuts deal with world tourism body
    163 1 SINGAPORE The Singapore Tourist Promotion Board (STPB) has signed an agreement with a global tourism body that could see the Republic offering its resources and consultancy services for tourism projects overseas. The Memorandum of Cooperation signed yesterday with the World Travel and Tourism
    163 words
  • Article
    Lock icon $ listless as hopes rise of rate freeze
    298 1 listless as hopes rise of rate freeze Bloomberg Business News Reuter NEW YORK The dollar was listless yesterday amid speculation that the Federal Reserve would not raise interest rates at its policy-making meeting on March 28. Last Friday's report of a greater-than-expected gain in employment in February had raised expectations
    Bloomberg Business News; Reuter  -  298 words
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  • SINGAPORE NEWS
    • EYE on the ECONOMY
      • Article, Illustration
        Lock icon Sesdaq trading picked up last month
        330 2  -  By R Sivanithy INTEREST in Sesdaq stocks perked up in February. Business done on the second board totalled 56.2 million units worth 542.27 million, which in dollar terms was 80 per cent higher than the January figure of $23.55 million. The rise also took
        Source: SES  -  330 words
    • Article, Illustration
      Rising business costs uppermost in most MPs' minds
      1101 2  -  In Parliament Yesterday By Ven Sreenivasan WORKER training, government assistance for small and medium enterprises (SMEs), and Singapore's eost competitiveness were on members' minds yesterday when debate on the latest budget began. The 22 Members of Parliament who spoke mostly offered Finance
      1,101 words
    • Article, Illustration
      Fort Canning Country Club kicks off membership drive with offer of 500 shares
      476 2  -  By Chew Farn Chyi FORT Canning Country Club, a members-only retreat with a range of recreational and food and beverage facilities, was officially launched yesterday. The club, centred on the historic former Singapore Command and Staff College
      476 words
    • Article
      Asia Business News joins cable TV project
      241 2 SINGAPORE Cablevision (SCV) has signed up Asia Business News (ABN) for its soon-to-be-launched cable television project. ABN is the second broadcaster to get on to cable TV after Hongkong-based China Entertainment Television Broadcast. It is one of 30 channels that will be provided
      241 words
    • Article
      IATA sets up Asia-Pac regional HQ in S'pore
      225 2 THE International Air Transport Association (lATA), an organisation of the world's airlines, has set up its Asia-Pacific regional headquarters in Singapore. A ceremony to mark the event was held yesterday when Communications Minister Mah Bow Tan and lATA di-rector-general Pierre Jeanniot signed
      225 words
    • Article
      Govts urged to play bigger role in tourism
      477 2  -  World Travel and Tourism Council meeting By A J Leow GLOBAL tourism leaders who met here yesterday urged governments to play a greater strategie role in the development of the fast growing industry. The president of World Travel and Tourism (WTTC), Geoffrey
      477 words
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      219 2 The sign of exccllence I HARBOUR VIEW DAI-ICHI HOTEL I MINUTES I I J& SUNTEC CENTRE Exhibition Convention I ■lIS (includes complimentary scheduled I jaßllltH *1 transfers to exhibition venues) H iBHRIIi it I mM I Superior Room (Single) I Exhibition Convention Calendar I Dale Exhibition/Convention Venue I 23 26
      219 words
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  • SOUTH-EAST ASIA
    • Article, Illustration
      Lock icon Jakarta easing rules to promote investment in eastern region
      401 3 Reuter JAKARTA Indonesia yesterday pledged to further deregulate its economy to encourage foreign investment in its remote eastern region after investment approvals soared in the first two months this year. Investment Minister Sanyoto Sastrowardoyo said foreign investment approvals in January and
      Reuter  -  401 words
    • Article
      Lock icon Indonesia posts 10b-rupiah budget surplus
      201 3 Reuter JAKARTA Indonesia recorded a slight surplus of 10.4 billion rupiah (556.5 million) for its national budget for fiscal year 1994/1995. The official Antara news agency yesterday quoted Finance Minister Mar'ie Muhammad as saying revenues and expenditure were both up at around 72.35 trillion rupiah,
      Reuter  -  201 words
    • Article
      Lock icon KL Futures Market plans initial cap on broker members
      216 3 MBT KUALA LUMPUR The Kuala Lumpur Futures Market (KLFM), set to become the country's first financial futures market operator, plans to limit the number of its broker members initially to deter "unhealthy" business practices. General manager Mohd Azwar Mahmud yesterday said
      MBT  -  216 words
    • Article
      Canada says Apec must move fast on free trade goals
      287 3  -  From Florence Chong in SYDNEY I Mb Asia-Pacific Economic Cooperation (Apec) grouping must soon make concrete moves towards free trade goals to maintain credibility, said Canadian minister Roy MacLaren here yesterday. At a minimum, the next Apec ministerial meeting at
      287 words
    • NOTE BOOK
      • Article
        Lock icon S'pore embassy in Phnom Penh soon?
        72 3 Reuter PHNOM PENH The Singapore government will soon open an embassy in Cambodia. A senior official at the Foreign Ministry' yesterday said four Singapore diplomats recently arrived to find a suitable site. "The Singapore embassy eould open in July. They were here to find
        Reuter  -  72 words
      • Article, Illustration
        Lock icon Cool carats
        57 3 AFP KUALA LUMPUR Two rare diamonds the 22.26-carat green Chameleon diamond (left) and the 21.3-carat Ping Diamond were shown to the press here yesterday. The Chameleon costs USS9OO.OOO (SSI.2 million) to US$l million while the Ping costs about USS6.7 million. Both will be auctioned by Sotheby's auction house
        AFP  -  57 words
      • Article
        Lock icon Asean regional security talks this week
        64 3 AFP KUALA LUMPUR Top Asean officials are to hold talks in Singapore this weekend to work out a common stand on a regional security framework. Kamil Jaafar. secretary-general of Malaysia's foreign ministry, yesterday said Asean's senior officials had ploughed through various proposed "confidence-building" measures
        AFP  -  64 words
    • Article
      Lock icon Thailand set to enforce software anti-piracy law
      288 3 UPI BANGKOK Thai police are preparing to enforce a tough new computer software anti-pi-racy law next week, but resourceful copycats are already devising ways to get around it, officials and software dealers said yesterday. Police lieutenant colonel Prasart Subpiputtana of the Economic Crime
      UPI  -  288 words
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      333 3 1 iP7A Wr Ai ffl hi Sflf k 1 JL. Ml K< 1 I iHpp*. V 9 /^1 I M f4H J? -J B|| 41 I A s **">»♦< i 1 19 KhJI M *1 j| Jr IsSE I Whether you're starting up a new business or expanding your existing
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  • CHINA /HONGKONG/TAIWAN
    • CHINA WATCH
      • Article
        Lock icon 29 killed in 3 China coal mine blasts
        124 4 AP BLUING Explosions in three neighbouring eoal mines in two days killed a total of 29 people, an official report said yesterday. Two of the mines in C hen/hou, in south China's Hunan province, were unlicensed and operating illegally, and the third
        AP  -  124 words
      • Article
        Lock icon 341 jailed for trademark infringement
        73 4 Reuter BEIJING China's top judge yesterday said the courts jailed 341 people for involvement in 411 cases of trademark infringement in 1994 but will intensify their battle against piracy this year. "China has redoubled efforts in the protection of intellectual property rights in recent years
        Reuter  -  73 words
      • Article
        Lock icon Shanghai firms and new real estate tax
        73 4 Bloomberg Business News SHANGHAI Companies in Shanghai's Pudong Development Zone will discuss avoiding China's newest real estate tax when Chinese Premier Li Peng visits next month. Mr Li is visiting the region next month to discuss the preferential terms and policies for Pudong
        Bloomberg Business News  -  73 words
      • Article
        Lock icon Over 30 cities bring back coupons
        70 4 AFP BEIJING More than 30 Chinese cities have reintroduced grain and oil coupons, rolling back market-oriented price reforms in the face of high inflation and inadequate supplies, the Worker s Daily said yesterdav. After being abolished gradually across the country since mid-1992, cities began
        AFP  -  70 words
    • Article
      Lock icon China's trade surplus hit US$4.5b in first two months this year
      455 4 Bloomberg Business News BEIJING Surging exports pushed China's trade surplus to U554.46 billion (556.3 billion) in the first two months of the year, underscoring the problems in China's prickly trade relationship with the United States. China's surplus with the
      Bloomberg Business News  -  455 words
    • Article, Illustration
      Lock icon Pact on satellite launch services extended
      205 4 Reuter BEIJING United States Trade Representative Mickey Rantor yesterday signed an agreement with China to extend for seven years a pact on satellite launch services preventing Beijing from sharply undercutting competitors. The accord came on the third and final day of Mr Rantor's visit
      Reuter  -  205 words
    • Article
      Lock icon China sets aside 14b yuan bad debt fund aimed at easing bankruptcies of state firms
      253 4 AFP, Reuter BEIJING The Chinese government has earmarked some 14 billion yuan (552.3 billion) to ease bankruptcies of state enterprises by reimbursing losses to creditor banks, Xinhua reported yesterday. The allocation of the special fund
      AFP,; Reuter  -  253 words
    • Article
      Lock icon HK land sale today not a good barometer: analysts
      415 4 Buyers' market expected at government auction South China Morning Post Reuter, HONGKONG Hongkong investors looking for signs of recovery in the British colony's property market are unlikely to get a clear picture of the market state from a government land auction
      South China Morning Post; Reuter,  -  415 words
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      200 5 iMillenia TOWER ONETEMASEK AVENUE. SINGAPORE'S NEW CENTRAL BUSINESS DISTRICT IN THE HEART OF MARINA CENTRE THERE AREN'T MANY WORLD CLASS OFFICE TOWERS IN SINGAPORE A STONE S THROW AWAY FROM FIVE 5-STAR HOTELS, 1.5 MILLION SQ. FT OF SHOPS, SOUTHEAST ASIA'S LARGEST CONVENTION CENTRE, 5,000 PARKING SPACES AND EASY ACCESS
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  • REST OF ASIA
    • ASIA NOTES
      • Article
        Lock icon More Japanese firms going bust
        84 6 AFP TOKYO Japan's major corporate bankruptcies, each with at least 10 million yen (S$ 156,000) in liabilities, rose 10.7 per cent in February from a year earlier to 1,140 cases. A private credit research agency, Teikoku Databank, yesterday said 22 cases were related to a
        AFP  -  84 words
      • Article
        Lock icon Reforms hit Bangladeshi factories
        66 6 AFP. CHITTAGONG, Bangladesh Cheaper imports and free-mar-ket reforms are causing many Bangladeshi factories to close and workers to lose their jobs. The Factory Owners Association yesterday said about 50 per cent of more than 600 factories here had been shut over the past several years. "The
        AFP.  -  66 words
      • Article, Illustration
        Lock icon Bearing tiles for the temple
        56 6 Reuter SEOUL South Korean Buddhists filing into Chogye Temple here yesterday with roof tiles on their heads. It is a custom for worshippers to write their names on a roof tile, which is then used for extensions or repairs. Chogye Temple is the seat of
        Reuter  -  56 words
      • Article
        Lock icon Seoul-Pyongyang business links
        87 6 AFP SEOUL South Korea yesterday gave eight local companies the go-ahead to visit and make business contacts in North Korea. The Unification Ministry said among the eight firms were the Hongkong subsidiaries of Hyosung Corp and Cheil Foods and Chemicals. The six others are smaller companies in
        AFP  -  87 words
      • Article
        Lock icon S Korean opposition up in arms
        51 6 AFP SEOUL Opposition legislators occupied South Korea's Parliament yesterday after vowing to stop the ruling party from ramming controversial election law changes through the assembly. The ruling Democratic Liberal Party says election law changes are necessary for clean campaigning in local polls in June.
        AFP  -  51 words
    • Article, Illustration
      Lock icon Alan Bond to face billion-$ fraud hearing in November
      367 6 AFP PERTH Former Australian tycoon Alan Bond yesterday elected to face a preliminary hearing in November on charges relating to an alleged Asl billion (551.05 billion) fraud. The charges relate to the transfer of funds from Bell Resources, a company once
      AFP  -  367 words
    • Article
      Lock icon Seoul offers Japanese firms tax breaks, other incentives
      268 6 AFP, Reuter SEOUL A senior government official yesterday offered Japanese firms tax breaks, loans and other special favours to shift production bases to South Korea. The offer was put forward by Finance and Economy Minister Hong Jae Hyong during talks between top
      AFP,; Reuter  -  268 words
    • Article
      Lock icon Japan offers no relief to debtors hit by appreciating yen
      221 6 Reuter TOKYO Japanese officials said yesterday they had no remedy for the growing debt burden inflicted by the yen's sharp appreciation on China and other countries with Japanese government loans. "We are keenly aware of the increased debt burdens of
      Reuter  -  221 words
    • Article
      Lock icon India embarks on massive investment in refineries
      448 6 Reuter NEW DELHI Indian firms have started work on eight oil refineries the largest number planned in any country in a bid to more than double India's refining capacity by the turn of the century. Analysts yesterday said the list did not include
      Reuter  -  448 words
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      236 6 SB jjjjj B 1 I I The High Life.The High Seas, j 1 The Low Price. I I I C; As you sup caviar and sip champagne on hoard pampered hy the experienced international crew as you H 25 ffa one of Asias ultimate luxury cruise ships, you wont leisurely
      236 words
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      Page 6 Advertisements Column 2
      254 6 Getting the right accommodation for the right guest can be tricky. > foremost question in our minds would be "What's the right price?". Luxury comes with a price tag. No frills typifies a cheap. Moderate would mean no confidence, (sigh) What about proximity, travelling and convenience? Would our guests prefer
      254 words
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      Page 6 Advertisements Column 3
      165 6 chws£ wm [J 11J ANTIQUE EXHIBITION |f |1 K 9 NEW ARRIVALS:Chinese Antique Porcelain Japanese Antique Porcelain Japanese Antique Scrolls All Items Guaranteed by Antique Certificates Venue: Yi Zhi Xuan Antique Gallery Riverwalk Galleria #03-016, Date: 11 Sat -19 Sun March 1995 Time: 11am Bpm (Sundays Open) ANTIQUE APPRAISAL SESSION
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      353 7 As you may already know, Digital has beaten everyone always outperform them by a margin of 400 billion percent. _«J* J else to 64-bit computing, which, among other things, offers Sometimes, the margin is only a few hundred percent. 4 billion times the data addressing capacity of current Or a
      353 words
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  • WORLD FOCUS
    • Article, Illustration
      How to rein in the derivative demons
      1509 8  -  Managing derivative Regulators must act fast to curb unrestrained growth in this lucrative but little understood business Reports by Ralph Liu The writer is managing director of Advanced Risk Managements Solutions Pte Ltd, a Singapore-based derivative consulting firm ONE of the most popular
      1,509 words
    • Article
      Risk management: how not to get your fingers burnt
      1112 8 Corporations are moving from 'What are derivatives?' to 'Why use derivatives at all? THERE are a few developing s trends in the risk management 1 business. i Back to basics. Corporations < will seek natural hedging from their normal business opera-
      1,112 words
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  • THE WORLD
    • Article
      Lock icon Senior Fed officials not keen to raise interest rates further
      432 9 NYT WASHINGTON Senior Federal Reserve officials are expressing little enthusiasm for raising interest rates further, despite sharp recent declines in the dollar and in the unemployment rate, which have created some pressure for another increase. Four of the Federal Reserve
      NYT  -  432 words
    • Article, Illustration
      Lock icon Suharto arrives in Sarajevo after safety guarantees
      259 9 Reuter SARAJEVO Indonesian President Suharto arrived in Sarajevo yesterday for talks with Bosnian government leaders, a day after a plane carrying senior United Nations officials was hit by gunfire. Mr Suharto flew into the Bosnian capital after UN peacekeepers obtained safety guarantees from
      Reuter; AFP  -  259 words
    • WORLD WATCH
      • Article
        Lock icon California a federal disaster area
        75 9 Reuter SAN FRANCISCO President Bill Clinton declared on Sunday a large part of California a federal disaster area as floods destroyed some of the state's lushest fields, closed roads and left at least 12 people dead and thousands homeless. Weather forecasters have predicted more rain
        Reuter  -  75 words
      • Article
        Lock icon Muslim Turks clash with police
        80 9 Reuter ISTANBUL Thousands of people from Turkey's minority Alawite Islamic community clashed with police in an Istanbul suburb early yesterday after gunmen in a taxi killed two people and wounded 15 others. Demonstrators set up fiery barricades along two main streets running through the Gazi
        Reuter  -  80 words
      • Article
        Lock icon High cost of single Europe currency
        77 9 Reuter BRUSSELS The creation of a single European Union currency could cost the banking industry 40 billion European currency units (SS7S billion) or more, a survey by the Banking Federation of the European Union said. The survey, published yesterday, says it will take three
        Reuter  -  77 words
      • Article
        Lock icon Argentina looks to IMF for help
        68 9 Reuter BUENOS AIRES Argentina, determined to stay clear of the devaluation path opened by Mexico and Brazil, announced on Sunday that it was "within inches" of a new International Monetary Fund loan worth US$2 billion (552.9 billion) to US$2.7 billion. The government has promised
        Reuter  -  68 words
    • Article
      Lock icon Leaders adopt non-binding declaration to fight poverty
      378 9 World Summit for Social Development AP COPENHAGEN World leaders yesterday adopted a sweeping declaration to fight poverty. The document lacked firm commitments but was still welcomed as a blueprint for reducing global misery. The declaration at the world's first poverty summit, approved by
      AP  -  378 words
    • Article
      Newfoundland offers radical incentives to draw investors
      352 9  -  By Kevin Sullivan SINGAPORE The government of Newfoundland has introduced a raft of radical incentives aimed at attracting international investment to the sparsely populated province on Canada's East coast, Newfoundland Trade Minister Charles Furey said in Singapore yesterday. Mr Furey described the province's
      352 words
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      181 9 or the I fll a H too your You can change the new Canofile !l 510 Electronic Filing System. The Canofile 510 sits on a desk. Not in a room. lots also uses a 5 1 i inch Magneto-Optical Disk to store your a |bk erasable pages or the equivalent
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      2271 10 ©DBS BANK THE DEVELOPMENT BANK OF SINGAPORE LTD THE DEVELOPMENT BANK OF SINGAPORE LTD AND ITS SUBSIDIARY COMPANIES (Incorporated in the Republic of Singapore) BALANCE SHEET AS AT 31 DECEMBER 1994 DBS BANK DBS GROUP BS BANK DBS GROU, Note 1994 1993 1994 1993 rio,e J** (SS'000) (SSOOO) (SS'000) (SSOOO)
      2,271 words
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      1096 11 g< DBS BANK SHARE PREMIUM ACCOUNT DBS BANK DBS GROUP 1994 1993 1994 1993 (SS'OOO) (SS'OOO) (SS'OOO) (SS'OOO) Balance at 1 January 1,198,903 1.319.542 1,198,903 1.319.542 Exercise of share options pursuant to the DBS BANK SHARE OPTION SCHEME 8.182 13,481 8,182 13,481 Conversion of DBS CPS to ordinary shares and
      1,096 words
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      1125 11 8 ACCOUNTS PAYABLE, PROVISIONS AND ACCRUED CHARGES The following amounts relating to current taxation have been included in this item: DBS BANK DBS GROUP IQQ4 IQQI 1 QQi 1993 (SS'OOO) (SS'OOO) (S$'000) (SS'OOO) Provision for taxation 133,351 172,828 9 GOVERNMENT SECURITIES AND TREASURY BILLS, QUOTED INVESTMENTS The cost less provision
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  • SPORTS
    • Article, Illustration
      Lock icon O'Meara bounces back to win Honda trophy
      451 12 AP FORT LAUDERDALE, Florida Mark O'Meara blew a six-stroke lead, then repulsed challenges from two of Europe's best on Sunday and scored a one-stroke victory in the Honda Classic. O'Meara, playing through a brief squall late in the day, denied Nick Faldo a
      AP  -  451 words
    • Article
      Lock icon Lara quite a handful: Aussie captain
      292 12 AP PORT-OF-SPAIN, Trinidad A harried looking Mark Taylor could only shake his head and admit yesterday that Australia just could not stop Brian Lara in their one-day international against the West Indies. Lara led the West Indies with 139, pacing a 134-run victory that
      AP  -  292 words
    • Article, Illustration
      Basketball
      45 12 NEW YORK NBA Sunday: Orlando 110 San Antonio 104; Philadelphia 72 Cleveland 92; Boston 98 Atlanta 104; Milwaukee 93 Denver 109; Minnesota 88 Portland 102; LA Clippers 93 Sacramento 105; Miami 86 Utah 96; Detroit 94 Seattle 134; Phoenix 117 Golden State 124 (OT).
      45 words
    • Article, Illustration
      Lock icon Cricket
      269 12 AFP PORr-OF-SPAIN Scoreboard in the third one-day international between West Indies and Australia on Sunday West Indies: P Simmons c Healy b Fleming 6; S Williams run out 6; B Lara c ReifTel b Waugh 139; C Hooper c Slater b ReifTel 41; J Adams not out 51; K
      AFP  -  269 words
    • Article, Illustration
      Lock icon Golf
      158 12 Reuter AGADIR, Morocco Mark James, using a long-handled putter for the first time during a tournament, shot a course record 65 to win the Moroccan Open on Sunday. A seven-under-par final round gave James a 13-under aggregate of 275 and a one-shot victory over fellow Englishman David Gilford, who
      Reuter  -  158 words
    • Article, Illustration
      Lock icon Rugby
      128 12 Reuter LONDON England captain Will Carting ended speculation he might retire from the game after this year's World Cup on Sunday by committing himself to at least one more season of international rugby. Carting has led England to five successive wins this season and admits he is enjoying himself
      Reuter  -  128 words
    • Article, Illustration
      Lock icon Tennis
      183 12 AFP AFP DELRAY BEACH, Horidi Top-seeded Steffi Graf claimed her sixth Delray Beach women's title here on Sunday with a 6-2 6-4 victory over sccond-sccdcd Spaniard Conchita Martinez. The German needed just an hour and 13 minutes to defeat Martinez, who last year became the first Spanish woman to
      AFP  -  183 words
    • Article, Illustration
      Lock icon Avalanche of skiers
      57 12 Reuter ST MORITZ Participants of the famous Engadin cross-country ski marathon getting ready to start at Maloja near the Swiss winter resort of St Moritz on Sunday. The race leads over a distance of 42 km from Maloja to Zuoz in the River Inn Valley. More than
      Reuter  -  57 words
    • Article
      Singapore Cricket Club Sevens as good as before
      665 12  -  By Shahiron Sahari SINGAPORE In spite of watered-down pre-tournament forecasts, the 48th Singapore Cricket Club Sevens at the Padang last weekend turned out to be as good a competition as it has been in recent years. Although there were few household names
      665 words
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      400 12 ©DBS BANK AUDITORS' REPORT To the Members of The Development Bank of Singapore Ltd We have audited the financial statements in accordance with Statements of Auditing Guideline and Statements of Auditing Practice and, accordingly, included such tests of the accounting records and such other auditing procedures as we considered appropriate
      400 words
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      282 12 at Fantastic Low, Low Prices! Better Than any Warehouse Sale MPF 9000 3 Wheel 4 Moiai (■SSk Gflsen^W*^^ Rnif Trniiv /7 Hew W Proßalance Golf Trolly A/ improved p utter Light weight aluminium m Pncpn 'Uiwi with umbrella holder, scorecard i Steel Shaft Wl holder, seat and brakes Hy-roWer Usual
      282 words
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  • PROPERTY & CONSTRUCTION
    • Article, Illustration
      Lock icon US$524m deal gives Taiwan big lead among Vietnam's foreign investors
      398 13 AFP A US$524 million (***** million) property development, the largest foreign project approved so far in Vietnam, has boosted Taiwan's investments here by around 25 per cent, a report said yesterday. The Jin Wen Group was licensed on Friday to
      AFP  -  398 words
    • Article
      Jakarta's property market risks rapid slump
      668 13  -  Leslie Lopez looks at the dangers amid the hectic building activity in the city Leslie Lopez CRANES dominate the city's skyline while the din from pile-drivers is ever present. After years of hectic activity, Jakarta's property and construction companies are showing no signs of
      668 words
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      343 13 Auction Profact Type land'area Twiure Siptt PRIVATE Mar 6,1995 1025 Rich Mans .Condo3+l 1675 I FH j 1,730,000 1033 Mar 8,1995 1025 Henry Park Walk-up Apt 3 1500 L 999 J~ 710,000 473 Mar 10,1995 1232 Boon Teck Apt Condo3 1237 ~FH T 670,000 542 Mar 10,1995 2158 HuaGuanAve S-detached
      343 words
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      24 13 I EFFECTIVE RECRUITMENT ADVERTISING. ITS ONLY A CALL AWAY... To advertise your Appointments or Notices, call toll-free 1 -800-741-1883 f The Straits Times I
      24 words
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      354 13 CHOOSING SURVEYORS VALUERS A Be a Qualified Real CARFPR Estate Agent r\G,E,rY Th e Real Esta'e Agency Course aims to train estate agents as well as upgrade the present IN standard of agency practice in Singapore. The course consists of 3 parts, each part comprising 8 lectures held once a
      354 words
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      954 14 Nothing Beats A B»d n'fHlfi WHERE TO WINE f DINE AND ENTERTAIN OK Happy ,Hws Ith The 80s. n ow •Better Than Ver Free flow of draught beer $15 from Mondays to Fridays at 6pm Bpm One for one standard drinks 20% off bottle purchases Ladies Night every Monday Tuesday
      954 words
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      Page 14 Advertisements Column 2
      345 14 17 to 26 March 1995 Pine Court T Here's a chance for you to sample cuisine from V" Chengde s Ching Dynasty Summer Palace. Experience the way game and poultry are prepared Chengde style, and savour dishes specially created by our guest chefs from Chengde City. For more DySS information,
      345 words
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  • LIFESTYLE
    • Article, Illustration
      A neglected tale gets told, finally
      641 15  -  Theatreworks' Broken Birds is a commendable effort at giving a voice to the voiceless, says Susan Tsang Susan Isang WITH Broken Birds, Theatreworks has excavated a little-known part of Singapore history and introduced it in the form of a docu-drama. The story of Japanese
      641 words
    • Article
      Lock icon Cindy Crawford is world's highest-paid model: Forbes
      253 15 AP CINDY CRAWFORD, the 28-year-old American glamour girl whose business zeal has earned her the nickname Cindy Inc, made about US$6.5 million (Ss9.l million) in 1994, making her the world's top-paid model, Forbes reported. The twice-monthly business glossy, famed for rankings of the
      AP  -  253 words
    • Article, Illustration
      Lock icon Shirley thanks her lucky stars
      298 15 CHATTERBOX UPI UPI UPI AP IN HER latest book. My Lucky Stars: .4 Hollywood Memoir, actress Shirley MacLaine denies she ever had affairs with Frank Sinatra or Dean Martin during her 40-year friendship with them and other members of the Hollywood "Rat Pack". According to
      UPI; AP  -  298 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      416 15 WHERE TO WINE, DINE AND ENTERTAIN Olde English Eating House j™ 277 Orchard Rd #02-38 Specialists' Centre S (0923) 1 vDIi I V ]A When you spend $25/- or more at Fosters for lunch or afternoon tea from Mon-Sat, show us your valid daily or monthly CBD pass $2/- will
      416 words
  • Page 15 Miscellaneous
    • Miscellaneous
      Page 15 Miscellaneous Column 1
      203 15 I CRYPTIC CROSSWORD 6 A request principle If order though (4) 10 Foreign currency row with 0 I I 1 I I I 1 Drink provided for a bird in miscty (7) 24 Serving men followed as told the day (4) 3° Covers feasts in the 9 pu( on aifS
      203 words
    • Miscellaneous
      Page 15 Miscellaneous Column 2
      935 15 I TV RADIO The Nature Greening operations. might their products are made. In of Our p^ r^ Lucy was part ape and part human, and she lived by a lake 'yWF XdKr jHI^EkSK^S^Ph in Africa. This tiny female Jk the one that scientists, on the H&Rf track of our genes.
      935 words
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  • Article
    Mixing economics and social policy
    498 16 EDITORIAL THE United Nations World Summit for Social Development ended yesterday with a 90-page declaration calling for the global eradication of poverty. The countries represented at the Copenhagen meeting numbered 182 more than last year's UN population conference in Cairo, or the 1993 Vienna conference
    498 words
  • WHAT THE OTHERS SAY
    • Article
      Lock icon Accommodating foreign workers
      191 16 The Straits Times March 13 THE REPORT about Woodlands Town Garden being used as open-air living space by foreign workers underlines the importance of the decision by two companies, Keppel and L&M, to invest in quarters. This is investing in the future, it being most unlikely that
      The Straits Times March 13  -  191 words
    • Article
      The way out of poverty
      180 16  -  Berita Harian WHAT IS the best way to help the poor to help themselves? This is a thorny question being debated at the Copenhagen UN conference. While enjoying a high growth rate and one of the highest living standards in the world today, Singapore has
      180 words
    • Article
      Learn from East Asia
      188 16  -  Lianhe Zaobao TODAY, more than 1.3 billion people, most of them in Africa, are living in poverty and eight of the poorest countries in the world are African nations. However, most of the African nations lack even the most basic political conditions for overcoming poverty. Leaders
      188 words
    • Article
      Lock icon Creating a more secure region
      157 16 The Nation March 9 WHEN President Clinton manages to break free from the self-doubt and double-guessing that have plagued his first term, he offers a glimpse of a leader with vision and common sense even in areas as troublesome as foreign affairs. Such was the
      The Nation March 9  -  157 words
    • Article
      Lock icon Our ports must shape up
      169 16 Malaysian Business Times March II IT IS ESTIMATED that some MS52 billion worth of Malaysian cargo is shipped via Singapore. That translate to millions of ringgit in business opportunities lost through the handling of the cargo at local ports, not counting the insurance bills and
      Malaysian Business Times March II  -  169 words
    • Article
      Lock icon Don't be taken in by Slorc
      177 16 Bangkok Post March 10 IT SEEMS Myanmar's State Law and Order Restoration Council (Slorc) is about to win a long battle against democracy by overpowering all minority opposition groups and then trying to gain the trust of the world. It is a sad situation
      Bangkok Post March 10  -  177 words
  • Article, Illustration
    Satisfying both political and economic demands
    1064 16  -  Prem Shankar Jha says tomorrow's Indian budget must address major concerns like controlling inflation while reducing the fiscal deficit further Prem Shankar Jha The writer, based in New Delhi and former editor of The Hindustan Times, contributed this article to B'T THE BUDGET that
    1,064 words
  • Page 16 Advertisements
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      116 16 How lor do you have to go to soo tho biggest range of industrial innovations? Over to Hannover the world's biggest industrial lair In every every specialist seems innovoore the order of the day. Keeping tobs on progress meons meticulous comconstantly updated. Or a to mmbmh mmbh the Hannover where
      116 words
  • Page 16 Miscellaneous
    • Miscellaneous
      Page 16 Miscellaneous Column 1
      69 16 I oost PMo&ceol M6an-?J1 iri ROWfc OftDfft i vfe. JOST sg£M Nbuß) Tv<e. ResuuT OF TV*6-ftLL t —KRISTOLO OF AMOCIATCO NFWSFAMaS LTO. <MMHI DOONESBURY GARRY TRUDEAU we're getting to rras fast ASUBCAN' THE PROBLEMIS I THEY MN* I 19 EfißOCi. IN HI BUT TT i f 50/ ASK THE SPEAKER.,I
      69 words
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  • ANALYSIS
    • Article, Illustration
      A dead letter that's about to be buried
      1416 17  -  The Glass-Steagall Act has long forced financial institutions in the US to choose to own either commercial banks or securities firms. Common thinking now is that, in these financially liberated '90s, that restrictive Depression-era law must go. Leon Hadar reports Leon Hadar
      1,416 words
    • Article, Illustration
      Lock icon He's a servant with many difficult masters to please
      1060 17  -  Stephen Vines says Hongkong financial secretary-designate Donald Tsang has his work cut out for him in the run-up to 1997 Stephen Vines The writer, a Hongkong-based journalist, contributed this article to BT HONGKONG'S financial secretaries have traditionally wielded great power and
      Reuter  -  1,060 words
  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      107 17 LAND A STRATEGIC FACTORY SITE AT it i\T4M' 6 78 p AYA Land Area Approximately 14,956 I 8,644 8,324 8,005 10,612 sf J L-gso**^r-^T Built-in Area Approximately 17,120 I 14,597 I 13,640 12,957 12,5475f J f r £2EE. Excellent Location Easy Accessibility High Ceiling Own Compound Competitive Rent l 0
      107 words
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      Page 17 Advertisements Column 2
      118 17 mm ■V OF SWITZERLAND fltf the electric-kombo I IS NOW SO AFFORDABLE YOU'RE H BOUND TO LOVE IT Mmt Htf fIM IBICO's E-KOMBO lets you punch holes at your fingertips. It is equipped with electrically operated functions. So you can do your u binding work more quickly, easily and effectively.
      118 words
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  • Article
    Lock icon Chinese parliament set to pass landmark central bank law
    490 18 Bloomberg Business News Reuter, BEIJING China's parliament has begun discussions of the country's first central bank law, which analysts yesterday said marked a milestone in the modernisation of China's financial system although success will depend on implementation. "This is the Bundesbank
    Bloomberg Business News; Reuter,  -  490 words
  • Article, Illustration
    Lock icon BJP to demand Rao govt's resignation
    422 18 Reuter, AP NEW DELHI India's main opposition group, the Hindu nationalist Bharatiya Janata Party (BJP), yesterday said it would demand that Prime Minister P V Narasimha Rao's government resign when parliament meets today. Yesterday, the ruling Congress (I) Party conceded defeat in local assembly
    Reuter,; AP; AFP  -  422 words
  • Article
    Lock icon Barings managers must share blame for bank's collapse: securities official
    373 18 AP LONDON Managers at Barings, the investment bank that went broke on Asian futures markets, must share responsibility for the collapse they blame on trader Nick Leeson, a top securities industry executive said. "It seems to me that Mr Leeson
    AP  -  373 words
  • Article
    Lock icon Taiwan makes first-time offer to recognise Chinese presidency
    349 18 AFP TAIPEI Taiwan yesterday offered to recognise China's head of state, in an unprecedented attempt by the Chinese nationalist island to thaw relations with the communist-ruled mainland. Vincent Siew, chairman of the body that formulates policy towards Beijing, told parliament that Taiwan
    AFP  -  349 words
  • Article
    S'pore players keeping A$ within narrow band: paper
    307 18  -  From Florence Chong in SYDNEY SINGAPORE investors played a key role in keeping the Australian dollar within a narrow band against the greenback in the past weeks, according to a front-page story in the Australian Financial Review headlined "Someone in Singapore is
    307 words
  • Article
    Lock icon China to resume WTO bid with US blessing
    145 18 Reuter BEIJING China yesterday agreed to resume its drive to join the new World Trade Organisation (WTO) after forging a new understanding with one of the ehief obstaeles to its membership the US. US Trade Representative Mickey Kantor said Chinese trade officials
    Reuter  -  145 words
  • Article, Illustration
    Does the US really know what a weak dollar means?
    818 18  -  The Bottom Line ANTHONY ROWLEY ANTHONY ROWLEY The writer is BT's Tokyo correspondent LET the dollar drift. Thus exhorted the New York Times in a leading article late last week. The essence of the argument was that the United States
    818 words
  • Page 18 Advertisements
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      71 18 WUCCESS ENSURED BY RIGHT CHOICE AUCTION SALE Freehold Residential Land near Paya Lebar MRT Sub-regional Centre Land area 16,897.3 sm Sr (approx 181,883 sf) i u Plot Ratio up t0 28 gross a Date of Auction 6 April 1995 at 2,30 pm r^P^ M ::r Venue Ballroom 1, 1 Level
      71 words
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      Page 18 Advertisements Column 2
      8 18 Pact on satellite launch services extended, Pr 4
      8 words
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      Page 18 Advertisements Column 3
      326 18 Distributor for Nitsuko Keyphone Systems EPABX SINCfApORE SINGAPORE COMMUNICATIONS conns*' EQUIPMENT CO PTE LTD re/ 278 TOBO ■Every Call Is A Commitment! i Industry briefing on Fund Management I A 1995 Update Recent changes in the regulatory and taxation environment in Singapore are having a significant impact on the fund
      326 words
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  • COMPANIES & MARKETS
    • Article
      Goodman Fielder Asia to keep core businesses, add new ones
      473 19  -  By Genevieve Cua THE NEW owners of Goodman Fielder Asia intend to develop the group's core food and distribution activities, and will seek to expand its business base into property, infrastructure and financial services. A circular sent to shareholders yesterday
      473 words
    • Article
      L&M unit wins Tuas checkpoint job
      311 19  -  By Lilian Ang SINGAPORE L&M Geotechnic has won a $28.8 million contract to do piling work for a new checkpoint at Tuas, where the second road link between Singapore and Malaysia will be built. The group, a subsidiary of the listed L&M, clinched the
      311 words
    • Article, Illustration
      APB starts $10m upgrading to cut costs
      343 19 SINGAPORE Asia-Pacific Breweries has launched a $10 million programme to upgrade its kegging, canning and bottling lines to cut operating costs and raise productivity. But deputy general manager Ho Ho expressed concern yesterday that an improvement in profit margins might be eroded by
      343 words
    • Article
      Can Boustead spring another surprise?
      664 19  -  HOCK LOCK SIEW By Ruth Wong KUALA LUMPUR Boustead Holdings Bhd, the diversified flagship of army pension fund Lembaga Tabung Angkatan Tentera (LTAT), was until recently a sleepy counter. Its conservative management, coupled with its heavy exposure to the then weak plantations business, resulted in
      664 words
    • Article
      Lock icon Singapore bank stocks still a good buy, say analysts
      543 19 Bloomberg Business News SINGAPORE Don't be dismayed if Singapore bank earnings for 1994 don't earn rave reviews. Although their profit growth is tapering off. analysts say, bank stocks are still good buys. v "Banks have very healthy growth rates, and will
      Bloomberg Business News  -  543 words
    • EYE on your STOCKS
      • Article, Illustration
        MARKET MOOD
        174 19 Mixed Market Mood' indicates the likely trading sentiment today, based on brokers polled at S-6pm yesterday. Overnight events may alter sentiment. Brokers polled: Alliance. Credit Lyonnais Securities. I)a in a. Fraser. Gk Goh. Kay than. Morgan Grenfell. OngCo. Nomura. Phillip. Smith New Court. WI Carr and SG Warburg.
        174 words
      • Article, Illustration
        HOT STOCK
        88 19  -  By Paul Leo YEO Hiap Seng Malaysia, at yesterday's close of $3.86, is turning bullish. Daily Relative Strength Index at 25 is indicating an oversold condition. Stochastics below 25 are also indicating an oversold situation. Both weekly and monthly directional indicators MACD are turning bullish. Buy near support
        88 words
    • COMPANIES
      • Article
        Maybank denies talk of US$200m derivatives losses
        492 21  -  Brokers blame rumour for dragging down stock market From Ho Kay Tat in KUALA LUMPUR MALAYAN Banking Bhd yesterday dismissed as "totally unfounded" rumours that the bank had suffered losses amounting to about US$2OO million (SS2B2 million) from trading in derivatives. Maybank is
        492 words
      • Article, Illustration
        Indo-Rama expects profit to double in '95
        343 21  -  By William Chia SINGAPORE Indonesian polyester producer FT IndoRama Synthetics yesterday reported group net earnings of 62.17 billion rupiah (5539.41 million) for 1994, and predicted that earnings this year would nearly double to 120.03 billion rupiah. The company's 1994 profit is 23.51 per
        343 words
      • Article
        Untitled
        542 21 llaMCKl' pricn Mar 14 US Gr Fund 0 099" Singapore Unit Trust UOB Asset Mgt Ltd The Commerce 1.57 1.66 Unifiind 1.30 1.36 The Savings Fund I 40 I 48»d Unibond 1.015 1.045 S'porc Prog Fund 0.57 0.61 United Gr Fund' 1.54 161 S pore Sec Fund 092 0 98
        542 words
      • Article
        It's off — Idris' plan to merge with Bank of Nova Scotia branch
        307 21  - It's off Idris' plan to merge with Bank of Nova Scotia branch iy Ho Kay Tat KUALA LUMPUR Idris Hydraulic (M) Bhd's plan to merge its finance subsidiary with the Malaysian branch of Canada's Bank of Nova Scotia is off. In a surprise announcement yesterday, Idris said the memorandum of
        307 words
      • Article
        Stamford Tyres in deal to set up shop in China
        140 21 SINGAPORE Sesdaq-listed Stamford Tyres Corp has signed a memorandum of understanding (MOU) with To-ronto-listed South China Industries (Canada) to form a Sino-foreign joint venture that will retail and distribute tyres in China. Stamford's 60 per cent share of the proposed
        140 words
      • Article
        Jakarta feedmill firms raise US$55m in S'pore
        293 21  -  By Quak Hiang Whai B SINGAPORE Two Indonesian units of Thailand's feedmill group Charoen Pokphand have raised a loan of US$55 million (Ss7B million) here. The syndicated offshore loan signed yesterday was for PT Charoen Pokphand Indonesia (CPI) and its subsidiary PT Charoen
        293 words
      • Article, Illustration
        Cathay Pacific profit up 4.1% but falling yields hit margins
        494 22  -  From Lim Soon Neo in HONGKONG CATHAY Pacific Airways chalked up a 4.1 per cent increase in net profit to HK52.39 billion (***** million) for 1994 in what chairman Peter Sutch described as "a very difficult year". Weighed down by
        494 words
      • Article
        Lock icon Citic denies talk that chairman is being replaced
        264 22 Bloomberg Business News BEIJING The chairman of China's sprawling international conglomerate, China International Trust Investment Corp, is not being replaced by his deputy, according to a company official yesterday. Some foreign media reported last week that 71-year-old Wei Mingyi would retire from
        Bloomberg Business News  -  264 words
      • Article
        Lock icon China's native-language computer market takes shape with new alliance
        370 22 Reuter BEIJING After years of chaos, China's native-language computer market began to gel yesterday in an alliance of global software giant Microsoft Corp. Chinese desktop computer leader AST Research Inc. and hot local software upstart SunTendy. AST unveiled a series of
        Reuter  -  370 words
      • Article
        Lock icon Ashton's pleased despite setback in profit
        264 22 Bernama MELBOURNE Australian diamond producer and explorer Ashton Mining Ltd, in which Malaysian Mining Corp is a major shareholder, yesterday reported a fall in net profit from A 536.6 million (Ss3B million) in 1993 to A 531.7 million for 1994 despite a record annual
        Bernama  -  264 words
      • Article
        Lock icon Violence in Karachi takes its toll on Pakistani stocks
        530 22 MARKET WATCH Reuter KARACHI Pakistani stocks, battered by violence in Karachi, are likely to sufTer further blows following last week's killing of two US consulate staffers, analysts say. "The present downward trend is the natural reaction of violence," said Jahangir Siddiqui
        Reuter  -  530 words
      • Article
        Lock icon Goldman suffered 81% profit plunge: analysts
        454 23 Partners' capital fell by 4.7%, says research report Bloomberg Business News NEW YORK Goldman Sachs Group LP's profits tell 81 per cent last year, according to a research report, confirming that 1994 was its worst year in memory. The Fitch Investors Service report, which
        Bloomberg Business News  -  454 words
      • Article
        Lock icon Schroders pretax profit tipped to rise 3% on fund gains
        319 23 Bloomberg Business News LONDON Schroders pic will report a 3 per cent rise in pre-tax profit to £201.8 million (***** million) tomorrow as gains in fund management help offset declines in investment banking income, analysts said. A survey of nine
        Bloomberg Business News  -  319 words
      • Article
        Lock icon Bid for power firm: Trafalgar may appeal to takeover panel
        191 23 Reuter LONDON Trafalgar House pic is believed to be considering an appeal to the UK takeover panel after its revised £9.50-per-share (SS2I) bid for Northern Electric pic was rejected by the company's board late on Friday, an article in the
        Reuter  -  191 words
      • COMPANY BRIEFS
        • Article, Illustration
          Lock icon Bill Gates on the future
          65 23 AFP HANOVER, Germany Microsoft president Bill Gates making a spccch titled "The future starts now: Windows 95" at the international computer fair CeBIT here on Sunday. Microsoft Corp will ship over 400,000 test versions of its latest computer software this month in order to work
          AFP  -  65 words
        • Article
          Lock icon Emerging markets: JP Morgan's forte
          58 23 Reuter LONDON JP Morgan and Co Inc was the largest trading house in emerging market debt last year with a turnover of US$3l9 billion (***** billion) face value, according to a survey by Emerging Markets Investor magazine. Morgan was followed by Chase Manhattan Corp with
          Reuter  -  58 words
        • Article
          Lock icon Trading in Alcatel Alsthom suspended
          48 23 AFP PARIS Trading of plummeting shares of the French telecommunications giant Alcatel Alsthom was suspended here yesterday following a magistrate's decision on Friday to bar Alcatcl president Pierre Suard from office and charge him with fraud. The company asked for the suspension. AFP
          AFP  -  48 words
        • Article
          Lock icon CS Holding to defend M'sian suits
          105 23 Reuter LONDON Senior executives of the CS Holding group said yesterday they will vigorously defend lawsuits brought against units of the company. Malaysian company Bcrjaya Industrial Bcrhad earlier this month filed suit in Kuala Lumpur against CS first Boston (Singapore) Ltd, CS First Boston
          Reuter  -  105 words
    • FINANCE & COMMODITIES
      • Article
        Nymex and Simex yet to fix date for installation of Access terminals
        327 24  -  By! Soh Tiang Keng SINGAPORE No time frame has been set for the installation of Access the electronic trading system of the New York Mercantile Exchange (Nymex) in Singapore. This was revealed yesterday by Daniel Carr, director of
        327 words
      • Article
        Lock icon Canada's giant pension fund embarks on high-profile investments
        268 24 Reuter TORONTO A string of controversial acquisitions is drawing attention to Canada's largest single pension plan, the massive Ontario Teachers' Pension Plan Board. Observers say recent deals seem more like partnerships than investments, confirming that the sleepy days of the past for
        Reuter  -  268 words
      • Article
        Lock icon Merrill Lynch committed to commodities despite resignations of key traders
        328 24 Reuter LONDON Merrill Lynch Co Inc is fully committed to further developing its commodity business despite its recent loss of several key metal traders, said Flavio Bartmann, a Merrill Lynch managing director. Mr Bartmann, global head of commodities sales and
        Reuter  -  328 words
      • Article
        Lock icon UK merchant banks top privatisation advisers
        171 24 Reuter LONDON UK merchant banks, with more than a decade of experience in privatising state companies at home, have captured a sizeable slice of privatisation work worldwide, the Financial Times said. Five of the top 10 financial advisers in terms of new privatisation mandates
        Reuter  -  171 words
      • Article, Illustration
        Lock icon Australian mining entrepreneur fulfilling Midas prophesy
        440 24 Reuter MELBOURNE Resource analysts sniggered five years ago when the late Rebbe Menachem Schneerson of the Jewish Orthodox Lubavitch sect in New York prophesied mining entrepreneur Joseph Gutnick would find gold and diamonds. But the smirks have become strained in recent years as Mr
        Reuter  -  440 words
      • Article
        Lock icon Pact signed to boost KL cocoa sales in China
        186 24 Bernama KOTA KINABALU Malaysian cocoa products are expected to be widely marketed in China with the signing of a Memorandum of Understanding (MOU) between the Malaysian Cocoa Board (MCB) and China's Wuxi Institute of Light Industries (WILI) here yesterday. Under the
        Bernama  -  186 words
      • Article
        Lock icon Firms queue up to develop Iraqi fields
        313 24 ENERGY REPORT Reuter BAGHDAD Foreign oil company executives leaving Baghdad after an oil conference are lining themselves up to develop giant oilfields once UN sanctions against Iraq are lifted. "As soon as the embargo is lifted we hope to be among the first
        Reuter  -  313 words
      • Article
        Lock icon New York
        86 24 AFP NEW YORK The dollar weakened again against other major currencies in early New York trading yesterday, largely due to the rise of the German mark on overseas markets overnight. At 10 am (1500 GMT) the dollar was trading at 1.4065 marks, down from 1.4120 on Friday, and
        AFP  -  86 words
      • Article
        Lock icon Currency Reports:London
        207 24 Reuter LONDON The dollar guarded the downside in a nervous European market despite signs of continued demand for the mark, traders said. The dollar managed to cling to support at 1.40 marks and after a brief slide below 90 yen it steadied against the Japanese currency. The mark,
        Reuter  -  207 words
      • Article, Illustration
        Untitled
        1561 24 I wJe-otighlnJ inJex ivknlaiai axainsi S'piirt'i (<>p 14 trading parinm Bom- yvar 198! US$/S$ forward rates Noon /Mar 13 ss Bid Offer 1-month 1.4067 1.4082 2-month 1.4024 1 4039 3-month 1.3985 1.4000 6-month 1.3883 1.3903 &»nr OCBC Source: OCBC FOREIGN CURRENCY NOTE RATES As at 9mi m Mar 13 Singapore
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    • COMMODITIES & FUTURES
      • Article
        Lock icon Euroyen, Eurodollars end higher
        1396 25 SIMEX REPORT Reuter SINGAPORE Simex Euroyen futures ended higher on speculation of a Japanese interest rate cut and Eurodollar futures closed slightly firmer. Dealers said the December Euroyen contract rose following a higher-than-expected injection by the Bank of Japan which fuelled expectations of easing interest rates.
        Reuter  -  1,396 words
      • Article
        Rubber futures lower on strong yen
        665 25 gjiiifwTlmvtt f Trffl i? Rubber SINGAPORE: Rubber futures closed lower across the board in line with plunging Japanese prices, brokers said. They said all Tokyo rubber futures prices plunged the daily seven-yen a kg limit on stop-loss selling due to the yen's appreciation against
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      • KNIGHT-RIDDER COMMODITY SUMMARY
        • Article
          Miti mulling over molybdenum sale
          102 25 TOKYO Japan's Ministry of International Trade and Industry is still considering selling molybdenum from its stockpiles but has not yet decided to begin such sales, according to a Miti official. Molybdenum is used by steelmakers to produce heat-treatable engineering steels and alloys. Japan's Nihon Keizei
          102 words
        • Article
          Copper cathode import premia down
          104 25 SEOUL Premia for copper cathode imports for immediate delivery to South Korean ports are now fetching around USSBO-90 a tonne, down from about USSIOO at the end of 1994, metals traders in Seoul said yesterday. "Spot demand has been and will be sluggish in the
          104 words
        • Article
          German wheat for export raised
          52 25 HAMBURG The European Union Cereals Management Committee has made another 300,000 tonnes of German intervention soft wheat available for export, according to the German Agricultural Ministry. That brings the total amount of German intervention wheat for export to 1.8 million tonnes, an official at the
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        • Article
          Taiwanese return to soybean market
          35 25 SINGAPORE Two Taiwanese groups may return to the market to cover their April soybean requirements this week, while Japan is expected to be absent on strong freight rates, traders said.
          35 words
    • Article
      COMMODITY PRICES
      1439 25 SICOM Futures Mar 13 Rubber (futures closing as at 5.30pm) RSS 1 Contract (S ccnts/kg) Close Volume Open Month High Low Sett (tonne*) Interest Apr 95 261 00 253.00 253.50 300 U75 May 252.00 262) Jun 247.00 2275 Jul/Sep 246 00 244 00 245 00 150 6300 Oct/Dcc
      1,439 words
    • REGIONAL STOCK MARKETS
      • Article
        Manila
        569 26 +24.57 Philippine share prices staged a moderate rally yesterday to end 1.06 per cent higher on the back of Wall Street's record-breaking surge on Friday, analysts said. The PSE Composite Index gained 24.57 points at 2,335.53 following a three-week decline. Volume fell 40.4 per cent to 1.357 billion shares
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      • Article
        Australia
        926 26 15.6 A RECORD closing high on Wall Street on Friday propelled the Australian share market to a slightly higher close yesterday with low volume preventing a stronger performance, dealers said. t The key All Ordinaries Index ended 15.6 points higher at 1,884.5 while the All Industrials Index gained 21.9
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      • Article
        Taipei
        574 26 +22.20 Taiwan share prices closed firmer but off early highs as willingness to push up share prices was weak over inflationary worries, brokers said. The Weighted Price Index, which rose to 6,525.89 at one stage, closed up 22.20 points or 0.34 per cent at 6,503.18. Turnover was NTS34.B billion
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      • Article
        Seoul
        450 26 -1.03 Share prices finished lower yesterday on the Korea Stock Exchange, as arbitrage selling eroded an early sharp gain, brokers said. The Composite Price Index recorded a slight loss of 1.03 points to close at 953.17 points, ending a bullish march for the past nine trading days. Trading volume
        450 words
      • Article
        New Zealand
        312 26 +6.10 New Zealand's share market posted a slim gain despite the Dow's hefty hike on Friday disappointing brokers who said the result reflected New Zealand investors' lack of confidence in the share market. Ord Minnett's John Rattray said expectations were for the NZSE-40 Capital Index to rise 15
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      • Article
        Bombay
        163 26 -105.88 Share prices plunged on the Bombay Stock Exchange yesterday after the ruling Congress (I) party suffered a stunning defeat in state polls in two key western states. Maharashtra and Gujarat. The 30-share BSE Index lost 105.88 points to close at 3,410.11 points. Analysts said the Congress polls debacle
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    • WORLD STOCK MARKETS
      • Article
        London
        647 26 -9.3 BLUE chips drifted to close near their day's low in thin volume as weakness in the Dow weighed on market sentiment, with dealers remaining nervous over currency weakness despite a steady dollar and firmer sterling. The FTSE-100 Index closed off 9.3 points at 3,oll.B,'after having risen to 3,031.9
        647 words
      • Article
        Paris
        100 26 -21.3 The Paris bours£ was dealt a sharp setback yesterday as the CAC-40 Index finished the day at 1,721.80 points, off 21.3 points or 1.22 per cent from 4 the Friday close. Paris Mar 13 Fr Air LiquhJc '380 +9.0 Alcatel Anathom 394 7 5 BNP Pans 217* -3.3
        100 words
      • Article
        Frankfurt
        177 26 +5.47 German shares slipped in post-bourse trade over dollar worries, fear of strong mark on European crosses and an indecisive Wall Street opening. Thin trade saw DAX follow futures down. The 30-share DAX Index closed up 5.47 points at 1,999.49. Frankfurt Mar 13 DM AEG 137 00 01 BASF
        177 words
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        Brussels
        202 26 +5.92 Belgian stocks closed higher as optimism about strong US growth boosted earnings hopes of Belgian exporters to the US. The Bel-20 Index of leading stocks closed up 5.92 points at 1,288.16. The Bel-20 is particularly sensitive to the US influences as many of the multinational companies quoted on
        202 words
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        Milan
        150 26 -173 Shares ended close to session lows as lira and bond weakness and the indifferent performance of other bourses accelerated selling in a market where few want to buy. Views were mixed on how far prices can continue falling, although much will clearly depend on the outcome of the
        150 words
      • Article
        Stockholm
        189 26 +0.26 Swedish stocks closed little changed after an increase in drugmaker Astra AB offset a decline in bonds and the krona. The yield on the benchmark 6 per cent bond due 2005 rose to 11.19 per cent from Friday's 11.15 per cent, but was off an earlier high of
        189 words
      • Article
        Zurich
        220 26 -6.94 Swiss shares fell back from a firm morning session to close lower as investors, worried about the weak dollar, turned to profit-taking in the afternoon. Volume was light. Selling came mainly from shortterm investors. Dealers declined to forecast today's market. The Broad SPI Index was down 6.94 to
        220 words
      • Article
        Amsterdam
        303 26 -0.33 Shares finished lower on the .day, dribbling back slowly from the highs reached in the opening minutes of the session as investors drifted away from the market, concerned the dollar could again come under pressure. "People are still worried about the dollar," said a trader. The AEX Index
        303 words
      • Article
        Untitled
        719 26 Britannia Funds Sterling Cash Bid Offer Mim Cap Deposit )8 MOO 18 6500 Mim Jersey Gib— ..tt.1193 0.1992 Mim Ma* Income *0*900 "09)00 I S$ Cash Income Plus Fund *9 7000 *10 3200 PS S Rome Fund 5.4200 5 4100 Sterling Equity Euro Performance .0.4592 0 49M Far East Fund
        719 words
      • Article
        Johannesburg
        379 26 13.7 South African shares finished mixed yesterday as the scrapping of the financial rand and subsequent strengthening in the unified unit dragged gold shares lower, dealers said. They said initially nervous trade had turned more bullish later and was reflected in a strong industrial market amid foreign demand in
        379 words
      • Article
        Toronto
        243 26 +5.83 Stocks rose early on buoyant gold shares which rallied after bullion prices hit new seven-week highs, traders said. The TSE-300 Composite Index climbed 5.83 points to 4,173.37 on volume of nine million shares valued at C 591.5 million. Advancing stocks outpaced declines 180 to 107, with 192 issues
        243 words
      • Article
        New York
        797 26 -10.38 The Dow Jones Industrial Average, which soared 52.22 points to a new high of 4,035.61 on Friday, was down 10.38 points to 4.025.23 at 11 am EST. The New York Stock Exchange Composite Index was oft 0.05 to 264.78, while Standard Poor's 500-stock Index was down 0.15
        797 words
    • Article, Illustration
      Lock icon HONGKONG
      3166 27 Bloomberg Business News HONGKONG The benchmark Hang Seng Index of stock prices rose more than 2 per cent on strong demand for apartments sold by top real estate company Sun Hung Kai Properties and in response to record highs set by US stocks on Friday. The Hang Seng Index
      Bloomberg Business News; Source: Bridge Info  -  3,166 words
    • Article, Illustration
      CHINA
      587 27 EXCLUDING Luoyang Glass, Shanghai Petrochemical and Yizheng which rose around 5 per cent, Hongkong H shares underperformed across the board with the CLSA H Index edging up just 1.8 per cent. Qingling Motors continued to fall another 1.9 per cent due to continued concerns over the company's yen exposure.
      587 words
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      Lock icon TOKYO
      2581 27 Bloomberg Business News TOKYO Stocks were mixed as a rally in pharmaceutical and food shares offset concerns about the yen's recent rise against the dollar. Electronics and brokerage shares fell while food and chemical issues rose. "Investors are looking for issues that are less exposed to the yen," said
      Bloomberg Business News; Source: Bridge Info  -  2,581 words
    • Article, Illustration
      Lock icon BANGKOK
      1801 27 Reuter BANGKOK Despite some bargain-hunting. Thai stocks closed lower on concerns over the fluctuating dollar and tight domestic liquidity, brokers said. The SfcT Index closed down 14.81 points at 1,174.67 after moving between 1,172.04 and 1.201.71. A total of 47.5 million shares worth 3.56 billion baht changed hands. "Uncertainty
      Reuter; Source: Bridge Info  -  1,801 words
    • Article, Illustration
      Lock icon JAKARTA
      1198 27 Reuter JAKARTA Share prices closed lower in lacklustre trading as market sentiment remained weak and players cut losses across the board, brokers said. "Local and foreign players appeared to cut losses, particularly in finance and property stocks." one broker said. Sentiment remained cautious despite an increase in Wall Street
      Reuter; Source: Bridge Info  -  1,198 words
    • Article
      CLOB INTERNATIONAL
      2297 28 Gf Cf Last Vol Day La* <>»«» W* W* *5* *•< «l> High Low ompw) Sale (HOO) High Lxm Seller CVr P t Smil MALAYSIAN STOCKS Jn 0 "412 73 m MSB 50c 360 -8 640 382 358 MO 362 J O -2 U 36.9 206 77 J
      2,297 words
    • KUALA LUMPUR STOCK EXCHANGE
      • Article, Illustration
        Lock icon Lack of domestic leads sends shares lower
        6134 28 AFP KUALA LUMPUR Share prices ended marginally lower yesterday, plagued by uncertainties over the US dollar and a lack of domestic leads, brokers said. The 86-stock weighted Composite Index fell 3.10 points, or 0.3 per cent, to 932.02 from 935.12 on Friday. Turnover
        AFP; Source: Bridge Info  -  6,134 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        8591 29 MAM BOARD Transaction date: Mar 13 Oi U M Ml I4HW Ij4 111) iMQwh I»i» Di» lid Vl Cf A»g Hick Low {uinpaa, Sale 000) High I «w B«>er Seller S ft S Pit. Smil Prk* INDUSTRIAL AND COMMERCIAL 7 20* 188 mis Acma 50c 41* unch 271 4*2 41*
        8,591 words
      • Article, Illustration
        Lock icon Fears over weak US$ continue to dampen market
        1916 30  -  By R Sivanithy SINGAPORE Worries concerning the future of the US dollar and a drying up of liquidity were the two features in the local stock market yesterday that led to a broadbased weakening in prices. Observers said the market was still
        Charts by Bridge Info; Source: Bloomberg  -  1,916 words
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      295 19 Closing Share Prices WW/ on the Stock Exchange of Singapore rri&H 13th March, 1995 Jardine Matheson (JMH) US$ 8.70 FnTmlTl Jardine Strategic (JSH) US$ 3.76 Published by Jardine Fleming International Securities Limited (Incorporated in British Virgin Islands! The hhhiihhhh Proceed carefully before v JH One glance at the Da Vinci
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      546 20 Astronomical cost has kept the future of personal communications upintheair. A TA 1 Today's market is clamoring for VVC VC I Llo 1 truly portable, global personal comj munications. But the costs of such a system costs that will ultimately "1 *4- come out of the consumer's pocket Il|lll ly
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      250 21 The Perfect Business Case. No Matter What Position "Vbu'ieln. 3'Quantum Focus* No matter more, this Quantum feature what position distinctive lawyer, models: musician,CEOClassic, Samsonite* Quantum* Milano. Just the are remarkably versatile. That's edge you need to because only Samsonite features work smart around the office, around an exclusive Smart Hinge,*
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      382 22 CHINA INDIA t 1 HONG KONG 1 VIETNAM I 1 THAILAND I i l MALAYSIA l <5 SOUTH KOREA II B TAIWAN PHILIPPINES mmmmmmmmmmmm—mmmmmmmmmmmmmmmmmm INDONESIA SINGAPORE UNITED BASIC REGIONAL FUND. UNITED ENHANCED REGIONAL FUND. Were United With its booming economies consistently yielding the Basic Investment Scheme (BIS). Created with the
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      96 23 Wc provide consultancy services on offshore structures, shelf companies and incorporations in ALL jurisdictions, including British Virgin Islands Mauritius Cayman Islands Hong Kong Bahamas Western Samoa Full nominee, management, corporate secretarial and professional administration services are available. We specialise in offshore trusts, offshore banks, and captive insurance companies for qualified
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      519 23 1-Day Seminar on mM U (Doing Business Opportunities, Problems Solutions) covering An Overview of the Economy; the Key Growth Sectors; Latest Economic Policies Reforms; Trade Investment Opportunities; The Legal Framework; The Business Environment; Practical Problems of Doing Business in Vietnam and Recommended Solutions; Strategies for Breaking into Vietnam Market by
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      259 24 The SIM, in collaboration with Henley Management College and Brunei University, invites applications for the 4th intake of the DBA programme commencing in June 1995. The DBA Programme The Doctor of Business Administration (DBA) programme is designed to focus on the skills required at senior level management, consultancy, management development
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      25 24 For information on where to buy your copy of: Her World, Go, Singapore Business, Home Decor, Young Parents call our Customer Services Section on 1800-749-2577.
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      79 25 Financial News Kill A Quick Look At The Mfl I Market! Call 24 hours a day for I SES KLSE midday I I reports, I market reports and business news. Cost: 30 cents a minute orBamsedby: INFlliline An SPH AudioTcx Servicc BUY*? FIND^ Classified ads make finding a job an
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      20 25 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead.
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      31 27 HWith over 215 million cords honoured at over 12 million establishments, I MasterCard puts the whole world in your hands. And it gives you easy access to«cash,at 380,000 bank worldwide. Bond
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      62 29 s WATCH FOR THOSE WITH K3BMB Sole Agent DICKSON WATCH JEWELLERY (S) PTE LTD CHOPARD BOUTIQUE: WISMA ATRIA 435 Orchard Road #02-36 Singapore 0923 Tel *****51 DICKSON WATCH JEWELLERY: THE PROMENADE 300 Orchard Road #01-03 Singapore 0923 Tel *****00 CENTREPOINT 176 Orchard Road #01 05/06 Singapore 0923 Tel *****22 Service
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      81 30 Fully and tastefully furnished executive office suites Complete, up-to-date business support facilities Full-time staff at your service Conference room, impressive reception area Flexible long/short term lease, very reasonable rates with absolutely no hidden charges Call us now...a visit will convince you MMig WORLD WIDE WWW BUSINESS CENTRE PTE LTD 111
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      25 30 J I'm a human resource manager. I rely on The Straits Times Classified to get my job done. CATS. 1800-737-1166 Call Today For Results Tomorrow.
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      500 30 TOLL-FREE TEL. No. 1-800-741-1883 FAX:74I-1298 For Sale By Tender 'SzrJ' Location: 273 South Bridge Road (Within the Chinatown Conservation Area) v\ Land Area 287sq m/3,0895q ft xk Sm Total gross floor area Approx. 933.435q m/ 10,047 sq ft V\ Tenure 999 years wef. 1 October 1823 Tender Closing Date 12
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  • Shipping Times
    • Article
      Evergreen to launch US-Asia service with S'pore as hub
      418 31  -  By Rahita Elias SINGAPORE Taiwan shipping giant Evergreen Marine Corp will launch a weekly service between the US west coast and East Asia, using Singapore as its Southeast Asian hub. An Evergreen spokesman said: "This Singapore Express service, which starts in
      418 words
    • Article
      Fish farm case: firm loses appeal
      562 31  -  ADMIRALTY CASKHOOk By Ramesh Divyanathan SINGAPORE A tugboat company whose boats accidentally hit a floating fish farm after breaking from their moorings in a storm has been ordered to pay damages. In making this decision, the Court of Appeal overruled an earlier verdict and
      562 words
    • Article
      Lock icon KL exercise to ease seaport bottlenecks, delays
      342 31 Bernama KUALA LUMPUR The delays and bottlenecks in cargo clearing at all seaports in Malaysia were expected to be eased by mid-April under an efficiency exercise to be launched by the Transport Ministry on Saturday. Transport Minister Ling Liong Sik said yesterday the
      Bernama  -  342 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      598 31 Page Col Able Shpg 7 4/5 Accord Group 8 1-3 ACL 9 1/2 •Ahlers Lines 12 1 Ahrenkicl Liner 4 1/2 •Appcnship 4 4/5 •ANL 3 4/5 •ASCL 5 5 Astro Shpg 8 4 Avant Shpg 6 4/5 •Bank Line, The 9 5
      598 words
    • Article
      12 ships got contaminated fuel, PSA probing
      227 31 SINGAPORE Twelve of the 1,500 ships which bunkered in Singapore last month received fuel with a high content of aluminium and silicon, the Port of Singapore Authority said yesterday. One of the ships has since lodged a report with PSA, which is currently
      227 words
    • Article, Illustration
      Lock icon Canada releases Spanish trawler captain on bond
      259 31 AFP ST JOHN'S, Canada A judge here ordered the release on bond on Sunday of the captain of a Spanish trawler seized last Thursday in international waters in a dispute over fishing quotas, a court official said. The captain of the 60-metre Estai
      AFP; Reuter  -  259 words
    • Article
      DAILY FREIGHTS
      1879 32 THE Baltic Freight Index for spot dry cargo shipping rates rose to 2,176 on Friday from 2,111 on Mar 9. Thursday's New York fixture of a Panamax vessel on the US Gulf/Japan route at US$37 sent the Baltic Freight Index (BFI) to a new record on Friday but
      1,879 words
    • Article
      TRANSPORT DIARY
      190 32 COURSES Title: International Freight Forwarding II (SDF 50%) Duration: Mar 14 Jun 30 Organiser Singapore Freight Forwarders Association Tel: For further details contact SFFA Secretariat at 253-7550 or fax: 253-2303. Title: Shipping Law Disputes (SDF Case-by-Case Basis) Duration: Apr 5 May 17 Organiser Singapore National Shipping Association Tel:
      190 words
    • Article, Illustration
      Lock icon Is there really a need for such giants?
      749 33 Ever bigger containerships are being built. But large ports and high trade volumes are necessary for the use of these jumbo carriers International Transport Journal HERE has been an un- checked trend towards << I large containerships for I about seven years.
      International Transport Journal  -  749 words
    • Article
      THE SHIPPING GUIDE
      11347 40 This is a list of ships loading at Ap Singapore for ports around the world. It tabulates, by destination, the name of the ship, the shipping E line involved and the estimated dates of arrival and departure from n the Port of Singapore. M LEGEND PN: ship
      11,347 words
    • Article, Illustration
      Lock icon Electric cars seen driving up blind alley
      803 43  -  California has ruled that by 1998, 2 per cent of all its cars must emit no pollution. But Neil Winton discovers that the industry has yet to make battery power provide sufficient speed, range and convenience at a price to tempkbuyers Neil Winton
      Reuter  -  803 words
    • Article
      SHIPPING AGENTS
      3095 44 A X IL.BC Containerline NV: Belsin Shpg Agencies Pte Ltd (SVManne Handling Sdn Bhd (PK/PN). Accord Croup: Accord Shpg Pte Ltd (Sy Accord Contr Line (PK/PN). Adkris Business Corporation Philippine Calsource Shpg A Trdg Pte Ltd (S) Ahreukiel Liner Scrvice: Kim Shpg A Trdg(S). Albntros Sen-Air Service; Frata
      3,095 words
    • Article
      CONFERENCES & CONSORTIA
      162 44 CONFERENCES CONSORTIA OSKLto Mwon Liner system; E ■saline, 1 East Ma Rati Agiiwwrt (IAHA): American President Lines; Orient Overseas Container Line; It" Line; Malaysian International Shipping Corporation; Neptune Orient Lines; SeaLand; A P Moller Macrsk Line; TSK Line. ACE (Far Eact/Empa): "K" Line; Neptune I Orient Lines; Orient Overseas Container
      162 words
    • Article
      COURIER SERVICES
      278 44 Abacus Couriers Tel: 545-8011. Fax: 545-1898. Air Express I ra»el Tel: 533-5771. Fax: 535-6144 Airborne Freight Corporation 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. City-link International Td: 344-3377. Fax: 345-6450. Cluster link Supplies Services
      278 words
    • Article
      AIR FORWARDERS
      1504 44 Abex Express Freight Td: 542-7171. Fax: *****84 Actinic Forwarder Td: 225-1833. Fax: *****42. Activak Singapore Td: 542-7822. Fax *****20. Aeroliak Freight International Td: 545-8033. Fax: *****05 Aerospeed Td: 542-5911. Fax: *****18. Air Cargo No*o Express Td: 542-5454. Fax: *****06 Air Express Internatioaal Td: 542-7666. Fax: *****74. *****50 Air
      1,504 words
    • Article
      PORT CONDITIONS
      2654 45 ANGOLA Cabinda: First exports due this month from Kokongo Field designated as Nemba crude. Soyo: All terminals loading according to programme. ARGENTINA Diamante, Santa Fe: No vessels berthed, no vessels in roads, one vessel due. San Lorenzo: Five vessels berthed of which 1 loading soya bean meal pellets,
      2,654 words
    • Article
      CRUISE & FERRY SCHEDULES
      998 45 CRUISE FERRY SCHEDULES CRUISE SHIPS Ait Dep Name of Vessel ETA LIU Ports of Calls Fort Agent Telephone No MARCH 14 14 Rcnaissancc I Cruise to Nowhere Renaissance Cruises 222-3388 14 14 Langkapuri Star Port Klang Jardine Shpg Agencies 224-1052 Aquarius 14 14 Columbus Caravelle Kukup Harpers Shipping 221-1388 14
      998 words
    • Article
      SHIP SALES
      827 45 MESSRS Ceres Hellenic feature again as sellers this week. Following their recent disposals which have included a couple of VLCC's for demolition, they are now reported to have sold two panamax bulkcarriers to Greek buyers and a handy tanker to Monte Carlo based Italians. Virtually all the activity
      827 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        574 46 IbmI Vty Wo B«fth toM Oqwtae Vwd Vot Wo Bwth fcmal Oepifhse hroM Port Brastag 1 *10 96 P03 1403/1630 1403/2300 Mm laya *66 13 1403/0600 Caia»a ***** ***** P03 14 03,0/30 IS 03/1000 Balar 03/02/95 12 *r«s«Je 1403/0300 C4ia Balam 011 P01* 14 03/1200 14 03/1300
        574 words
      • Article
        CONTAINER SCHEDULES
        1412 46 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Bookinf/Baiance Rslts Ship Voy No Etb/Btr Period From To From to Sm* 161* 15/1000 IB 13/1500 13/1659 13/1900 28 13/1700 14/0659 14/0900 4 14/1200 14/1459 14/1 TOO Pmfc OOS8A 16/0700 1A
        1,412 words
      • Article
        COCKETT BUNKER MARKET REPORT
        875 46 THIS twice weekly report, compiled by Cockett Marine Oil Ltd, shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on average-sized stem. Market movements are indicated. The Cockett Bunker Price Index change and
        875 words
      • Article
        VERITAS BUNKER QUALITY REPORT
        600 46 taroon Mar 9 Denaly Water Reate Mi Akmmun Sedment Deraity Water Indue Mi tomn S«MM X MM Mjtf Exxon c£> KG/IT3 %V/V X M/M M/M PPM method HG/HT3 V/V M/M I M/M PPM medtt ad. Eastern USA 180 Aw 985 0.4 13.0 0 08 24 A
        600 words
    • AIR AND LAND TRANSPORT NEWS
      • Article
        Lock icon US waives federal pension regulations for GM
        445 48 Washington Post WASHINGTON The Clinton administration waived a key provision of federal pension regulations on Sunday to allow General Motors Corp to use US$6 billion (SSB.7 billion) of its own stock to help finance its employee retirement plan. The waiver from the Labour
        Washington Post  -  445 words
      • Article, Illustration
        Lock icon DHL launches Jumbo Box for 10-25 kg range
        261 48  -  By Rahita Elias SINGAPORE DHL Worldwide Express has launched the Jumbo Box to cater to airfreight shipments in the 10 to 25 kg range. Singapore is the launching pad for the service, which will be extended later to Malaysia, Indonesia, India and
        Photo by Chris Loh  -  261 words
      • Article
        Lock icon PAL blast victim's kin asked to file charges
        226 48 AFP MANILA Philippine police have asked the family of a Japanese man killed in a mid-air explosion on a Philippine Air Lines (PAL) flight to file charges against suspected terrorist Ramzi Ahmed Yousef, police sources here said yesterday. They said they suspected
        AFP  -  226 words
      • Article
        Lock icon Denver airport in probe over diverted federal funds
        362 48 Washington Post WASHINGTON The US Transportation Department's inspector general is investigating whether Denver officials diverted revenue from federal funds intended for the city's new airport to other civic services, officials confirmed on Sunday. The investigation, which covers a period that includes Transportation
        Washington Post  -  362 words
      • Article
        Lock icon Sino-French auto tie-up plans major expansion
        231 48 AFP BEIJING A Sino-French auto joint venture plans to pump 3.8 billion yuan (***** million) into its operation in central Wuhan, making the firm one of the largest car manufacturers in China, a report said yesterday. The 10.S billion yuan Dongfeng-Citroen Automobile Co Ltd
        AFP  -  231 words
      • Article
        Lock icon Tanker aground in Danube, spills oil
        93 48 Reuter MUNICH, Germany A 20 km oil slick stretched down the river Danube towards the southern German city of Passau on Sunday after a Dutch tanker barge carrying 1,700 tonnes of heating oil ran aground, police said. They estimated some 30,000 litres of the
        Reuter  -  93 words
      • Article
        Lock icon Kawasaki, Mitsui win US rail car order
        79 48 Reuter TOKYO Kawasaki Heavy Industries Ltd and Mitsui and Co Ltd won a US$lBO million (SS26I million) order for 114 dou-ble-deck rail cars from Long Island Rail Road of the United States, a Kawasaki Heavy spokesman said yesterday. The cars will be delivered
        Reuter  -  79 words
      • Article
        Lock icon Rover to raise investment, boost output
        117 48 Reuter LONDON British carmaker Rover Group, acquired by Bayerische Motoren-Werke AG a year ago, plans a sharp increase in investment to boost production and finance new model programmes, yesterday's Financial Times reported. The newspaper said an expansion of Rover's engineering facilities were scheduled to
        Reuter  -  117 words
      • Article
        Lock icon ANA to end tie-up with Aeroflot
        128 48 AFP TOKYO Japan's All Nippon Airways (ANA) will terminate its business tie-up with Russia's Aeroflot this month as it will start new direct flights to Europe, a company spokesman said yesterday. The Japanese company applied last week to the transport ministry to stop several
        AFP  -  128 words
      • Article
        Lock icon British Rail sell-off plans get bid boost
        174 48 Reuter LONDON The British government's plans to privatise British Rail will receive a boost this week when the London Sc Continental Railways (LCR) consortium steps in to bid for passenger franchises, yesterday's Financial Times said. LCR is one of four consortia bidding to
        Reuter  -  174 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1586 48 g& nm ct* no tn_ nm m ngt n®. Mm MmM GA974 2245 fataafca SQ969 1720 SQ990 0125 Jim Qf81 1930 QF82 2050 toww SR183 2140 SQ228 2110 Haad VN741 1310 VN740 1410 AntstmUm KL837 1540 GA892 0010 TG407 2120 MM 1920 GA897 1655 KLB44 0115
        1,586 words
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      7 31 REGIONAL ANALYSIS Every Wednesday in Business Times
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      26 31 Lines and service* represented by Members of the Registry of Accredited Shipping Agents, Singapore National IvLifi Shipping Association. For advert/sing enquiries, contact Shipping Times. Tel 740-2089/740-2090
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      Page 31 Advertisements Column 3
      65 31 China Express Service rv m. Shanghai Direct Xingang to Qingdao Effective from April '95 pis see Pa 6 for schedule Is there really a need for jumbo carriers? Pg 3 Electric cars seen driving up blind alley, Pg 13 US waives federal pension regulations for GM, Pg 18 v EYE
      65 words
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      1562 32 >' dnfikdisriNAridkA TI j| i north amriga i *>» *rr ma l» om ka mi mowpob chc rr wyo uwwi |«t**n> I *saLvo» mo iaTiwaai qa*usc <waxM« STrru jpom ■ot runn— p- ——-n ———-n —n— 2353S 1 s s iibs! £i£ £hi u rr Ml—il— a a-aj M *4 u.4
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      32 32 o O O o o i; J LEAD BY EXAMPLE 1 For some of the best s examples of all Good Management, 'i Enterprise Management. Every Monday. Business Times WW BIO* ABA
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      1003 33 illl A w»lP|pAßfl^ri >< jS| iwwr "S" psa oa «hj kwi auh man 6ah doh i iwl/vot ~BT" wb bkx ira/wr MWUEDCWW I*9 VIS 2*3 *7/3 2*3 2*3 2*3 2*3 31/3 KM WALKD CI67W 134 2*3 3*3 KM WALEED CI67W |1U 144 14 BN KHALDOUN CI66W 2*3 VI 14 *4
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      401 33 anl ANL. IT'S AUSTRALIAN FOR SHIPPING"^Ir TO AftMH HAUA (EAST COAST} AUSI RALiA fIEAST KSSCUVOT XT MP Ml IT* Ml MM WW VCSKUVOY IMi IYD Kfl MM KM XT MTI KM «n«wm MM 1M 1M IM MiM M« MM A. AUITRAIIA MM MM MM 1M tM) Ml A. AWT MM
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      1278 34 ROAM LE SOUTH- PORT 111 'I VESSEL VQY.NO HAMWRO ANTWERP HAVRE AMPTON KELANQ SPORE HKG K<o TYO SHI OSA NAO FRANKFURT EXPRESS 78/207 14/2 1W 18/2 11/3 14/3 18/3 2y3 laq 21/3 LUOWIQSHAfEN EXPRESS HW7 IV2 M 1« 12/3 18/3 1— Danube 17/aoa 21/2 23/2 2S/2 ta/3 17/3 21/3 392
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      Page 34 Advertisements Column 2
      428 34 ifISMMMMIt SpcxaP.Kaiang LoaOngtor 1 TORO 22/3 28/3 RdnVAtw/UK/Nar*a« I NANONAKUL 25/3 3<y3 RdnVAlw/UK/Nartoa I Loads E/W. MatayMa. IndonaH J I Loafing tor 1 SADAN KALKAVAN Dubai/DammarVKuwart I BUFFALO JaddaTVAqaba/Trlpoi/Alßaria I PAN RISER •Loads Singapore, EL/vV MMysa. IndonaaM J ILoadng for BIUJEFAY Loa Angalaa/Naw Orlaana/ I Owrtaaton/Nortok/Camdan I SAMM FORTUNE Loa
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      Page 34 Advertisements Column 3
      1298 34 NOR ASIA i SIN ALO BCL LHAi SEA MTIATWE 51tW IMB 06AM OMM SMI NM M IIM 11*4 11*4 13*4 NOWMA MALTA V 0011-3 24*3 13*4 1664 17*4 11*4 17*4 11*4 IM4 11*4 206P j NORASIA KJEI 9612-3 2M3 11*4 21*4 22*4 21*4 22*4 23*4 24*4 24*4 2S*P SLPRRKSI3W 00*4
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      Page 35 Advertisements Column 1
      1256 35 STRAITS SHIPPING PTE LTD 10 Hoe Chiaag Road *11-01 Keppel Tower* Singapore 0208 Tal: *****88 Fax: *****17 umAiiiUmmmMvwnimml wgw guinea PACIFIC UWI j&K&J (a service ofchinanavigation co) ACCEPTS VUMVU CARGO DUE SAILS T*ZTW CJMAGAM22 VKB2EHMn.Uk Kt Port ISMar «ig eown—l U» —AKMAX MMWICM TO PMU4IHQUPM Ci NASA M-30 V9SO7E Maail.
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      Page 35 Advertisements Column 2
      2234 35 Singapore Agent: MrUI 1 I ./Mlffll P&O Containers (Singapore Agencies) Pte Ltd 10 Hoc Chiang Koad. #07-01 Keppel Towers. Singapore 0208 First Class Connections WORLDWIDE ™P S ?»s««* »*»»*'•nocsp.f.,: 7517 EXPORT IMPORT VESSEL VOY "WW -P*o SM SOU ANT NOT NAM OOT ME LEH ??"cq., ZEE QOT "®T HAM ME
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      Page 35 Advertisements Column 3
      496 35 FOR BOOKING 1800-*****00 (TOLL-FREE) OWOUNP PKL PCM JOH SM HKC KAO TAI KH TOK TKY NAG KOB OSK MOJ BUB SEA RANGCT *047 12X3 13*3 15*3 11-17*3 21*3 22*3 24*3 28*3 MM >I*l M» WAN HAI 208 *071 18*3 18*3 18*3 18-28*3 24*3 21*3 21*3 20*3 14*4 KM <M* I
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      Page 36 Advertisements Column 1
      449 36 JOIHT VENTURE Very' SAMUDERA INDONESIA SIR RICKMERS WBBI SINGAPORE CHINA OASA SEPU.UH VOY 4NB 08 A« QWGDAO GREEN ERA DRY DOCKING XJNGANG SHANGHAI MDUCEMENT CALL P.KELANG INDOCEUNT CALL HK, P.GUDANG. BELAWAN, TG MAN XIAMEN. WJANGPU [llutama harta I WEEKLY FULL CONTAIHER»HM> FEEDER VESSEL NAME VOY SIN KCH SIBU 02/95 19/2
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      Page 36 Advertisements Column 2
      1175 36 HANJIN SHIPPING BOOKING TEL:- *****35-237 OPERATION TEL: *****41-253 SALES TEL:- *****30-233 DOCUMENT TEL: 3 *****1-275 FDA vs. run UK HAUL a* rw roi FW |l* s*. s*. 5* HAIUN OAKLAND 02* 16/3 OMECT 6/4 7/4 8/4 HMUN POHANG 156E 17/3 M. IABAWMMB49E 20/4 21/4 23/4 HANJM VANCOUVER 020E 23/3 CNNECI
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      Page 36 Advertisements Column 3
      1302 36 4ERM iiU d -Trl ■Ts"lTn^ I I mi SSP AS£ MS KIS PUS W! 09 K' WnoIU CM 111 RYC LMt MM MM T)V IMG PS) CM PU OEh l chi k-bbj is/3 it/i a/i M/i 27/3 n/j n/i 30/3 ji/j i/« 12/4 a/« 11 n a/< i/s »/s 11/5
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      Page 37 Advertisements Column 1
      2351 37 TO Mom es'salaam2 cost**'shippimlS'PTE LTD £&ssc£mP H^Z^SSF*^™' 4 Mm<m Mr 017-99 CK Mac 117M7****** m 4JM7 f£*SsTio«« MS N« rMT 2 WCII Mac CCSU >OHO*f OFFICE: Fax *****15 f,r "o*ooo Inmwt ||M osr MOe M 2 *****0S COSTAK MCMCIKS (Ml SOU BHD r«fc o; ismw/i<7 r«c 07-3sjqi7o Mllll I— ob
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      Page 37 Advertisements Column 2
      684 37 FAMOUS CONTAINER LINES 80 ROBINSON ROAD, #22-02 SINGAPORE 0106 HOT LINE: *****33 (30 LINES) GOTHENBURG/SCAN 20/03 ROTTERDAM 15/03 AARHUS/COPENHAGEN 20/03 HAMBURG/BREMEN 15/03 MARSEILLE/FRANCE 17/03 FELIXSTOWE/UK 15/03 BARCELONA/SPAIN 15/03 LEHAVRE/FRANCE 15/03 GENOA/ITALY 18/03 ANTWERP/BELGIUM 15/03 LOS ANGELES/WC/IPI 17/03 SYDNEY/MELBOURNE 16/03 NEW YORK/EC 17/03 FREMANTLE/ADELAIDE 17/03 VANCOUVER 17/03 BRISBANE 16/03 TORONTO/MONTREAL 17/03
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      Page 38 Advertisements Column 1
      1042 38 1 I VESSEL I VOY I SIN JKT 1 IreMg^^^^^TvOVriW^^^Pg^^B 1 VIHA BHUM 1258 Tw In PI Fri 17/3 I qubu BHUM 8041 Tua In PI Wad 15/3 |M M I VESSEL VOY SIN BKK WANA BHUM 2718 Wad IS/3 Sat Ig/3_ I TMAHA BHUM 112H Tw 14/3 Thu IS/3
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      Page 38 Advertisements Column 2
      842 38 79 ANSON ROAD, #21-01, SINGAPORE 0207 TELE: *****92 FAX: *****57 CR **********5N PORTKUWG rosa vot I saw 1 na 1 vessel voy sw rai St* 3/OW 16/3 (THU) 17/3 (FIB) B XOUIHAVA ***** 14/3 (WED) 17/3 (ft [Aa£ US* 16/3 (THU) 18/3 (SAT) MCC COIWEYOfi 5017 17/3 (FW) 19/3 (SUM)
      842 words
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      Page 39 Advertisements Column 1
      1029 39 grl ADVANCE CONTAINER LINES (PTE) LTD A I I 140 Cecil StrMt. #12-00, PIL Building, Singapore 0106 M TEL: 2213*21, PAX *****19. TELEX :RS ***** ACLPL CR NO. **********06 1 i* npiii IlliilßlU IHIJITMHiII— KT ABPAV I "imtA mfM— 1 1 trawmi«« (5 Win«i/IIMI to PAT, S MHng* la MIT.
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      Page 39 Advertisements Column 2
      952 39 KSSELS VOT ""sUJ"" II H.VRI HAMBURG TMAAeS ROITEROAM AHTWIRP VIAE OC TITAKA TO*W 18/03 05/0* 07/0* 09/04 10/ 04 U/04 VK.LE DC IBM LOtW 22/03 10/04 12/04 14/04 15/04 16/04 W.LI OE HOBMft MMN 29/03 19/04 21/04 23/04 24/04 25/04 VIUE 01 CARINA COIW __o€/04_ 2t/04 21/04 30/04 01/05 02/05
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      Page 39 Advertisements Column 3
      588 39 BSfl A M MYANMA K FIVE STAR LINE (Myanmar National Line) Loading for Yangon (Rangoon) Spore P.KIf Pen P.Gd( TECHMAT PIONEER 17/20 Mar AVA VI32W 17/18 Mar PAGAN V2IBW 16/17 Mar MHiriSH AGENTS BOUSTEAD SHIPPING AGENCIES Ml lEI 02 03 *****00 PKL Ta 02 03 *****67 PEN: TEL 02-04-*****02 PGO:
      588 words
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      Page 42 Advertisements Column 1
      518 42 RICHFIELD MARINE AGENCIES (S) PTE LTD UTEL: *****33 (12 Lines) FAX: *****15/*****03 TELEX: RS ***** RISHIP (3 Lines) CR NO.: **********0E Vmml Voy ETA Loading Foe Spore Andtnet 38WB 16/04 Mombasa. Djibouti Asaab. Massawa Abbay Wont 43W8 18/05 Mombasa, D|iboutl Asaab. Maasawa H—■« FULLY CONTAINERISED REGULAR LINER SERVICE ACCEPTING BOTH
      518 words
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      Page 42 Advertisements Column 2
      573 42 AFGHANISTAN MAM Afghanistan Ltd., HAAH Hairatan. Torghundi, Islamqala (Doqharun) Ewe or Ewe c.i.s./russia: Alma Ata. Ashkhabad, Baku, Dushanbe. I Irkutsk, Khabarovsk. Krasnoyarsk, Korsakov, Moscow. Mllltzer Munch Novosobirsk, Sochi, Tashkent. Tbilisi, Vladivostok, Vostochny International Forwarders Mongolia: uiaan Bator N Korea: Pyongyang, Nampo EXPRESS CONTAINER SERVICE TO WEST COAST SOUTH AMERICA I
      573 words
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      Page 42 Advertisements Column 3
      271 42 LAfIMN CONTAINER LWi^INC biv/VrlAgente: MAC-NELS SPORE: *****29 (24 UNBS) SSb 7 ESffiS 1 ASIA HKG/TWN/BKKI GENOA/EUROPE j f PEN PKL SIN 5 SAILINGS/WEEK PEN PK SIN 17/3 18/3 19/3 HKG/BKK/KEE/KHH G'burg/C'hagen/S'holm/Oslo 19/3 20/3 21/3 21/3 22/3 23/3 HKG/BKK/KEE/KHH Piraeus 21/3 22/3 23/3 i 24/3 25/3 26/3 HKG/BKK/KEE/KHH Ldn/Flx/Rtm/Ant/Ham/Leh 18/3 19/3
      271 words
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      Page 47 Advertisements Column 1
      473 47 I ▲HYUNDAI MERCHANT MARINE CO. LTD. WESTBOUND TO EUROPE BKG: *****61 \m Iwe I wo I regis wt I I lew hm I tm Fa "15/03 17/03 11/03 a COMMANDER 314* I 20/03 07/04 09/04 01/04 09/04 09/04 11/04 22/03 24/03 25/03 SI HUH) 315* I 27/03 14/04 10/04 15/04
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      Page 47 Advertisements Column 2
      393 47 STRAITS/ JAPAN/ STRAITS SERVICE MU.TI-PURPOSE I RORO CARRfR SPECIALIZE M HEAVY LfT CARGO l*TO 120 TONS RAMP CAPACITY UPTO 50 TONS [eta [etc VESSEL VOT SN PR LOADRI6 FOR ORANGE MOON 41 SID BANGKOK 16/3 HQJCM *ri 16/3 KLANAN 11/1 coaac rams *3 mn iakarta 17/3. st*AaAYA 21/3 BRIGHT VEGA
      393 words
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      Page 47 Advertisements Column 3
      676 47 [VESSEL I VOY IS6IETA/P LAX OAK CHI I DAL I HEM/COL I HOU NYC [NOR ALLIGATOR rape MA 16/03 717/03 02/04 04/04 05/04 06/04 06/04 07/04 07/04 08/04 HENRY HUDSON BRPGE S2A 23/03/24/03 08/04 11/04 12/04 13/04 13/04 14/04 14/04 15/04 ALLIGATOR VICTORY 60A 30/03/31/03 16/04 11/04 18/04 20/04 20/04
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  • Page 47 Miscellaneous
    • Miscellaneous
      Page 47 Miscellaneous Column 1
      291 47 TODAY'S TIDES (height in metres) HOUR 0000 0100 0200 0300 0400 0500 0600 0700 OSOO 0900 1000 1100 1200 1300 1400 1500 1600 1700 1800 1900 2000 2100 2200 2300 ft 1.9 1.6 1.3 12 1.1 U 1.4 l.« 22 2.5 2.5 2.4 2.1 1.6 1.2 O.S 0.6 0.5 0.6
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      Page 48 Advertisements Column 1
      103 48 I ANALYSIS 1 Tomorrow in Business Times LYHIiriIBN M.V. DIAMOND STAR" VOY.I Aimed 7th March 1993 Consignees of ill damaged cargoes ex ike captioned veaacis are hereby notified (hat a general aarvey will be held oa die 13th March 199} 0900-1200 horn aim No further auoey will be entertained thereafter.
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      Page 48 Advertisements Column 2
      6 48 II ANALYSIS Tomorrow in Business Times
      6 words