The Business Times, 15 March 1995

Microfilm: NL19814
Total Pages: 46
1 46 The Business Times
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  • Title Section
    Masthead
    13 1 Business Times WE KNOW ASIA MITA(P) 194/12/94 Wednesday March 15 1995 85 c
    13 words
  • 2am LATEST
    • Article
      Lock icon Dow up 29 points
      106 1 Reuter NEW YORK Stocks rose further into record territory yesterday on fresh evidence that the economy was slowing but still expanding. The US$ 11 billion aid package announced on Monday to help Argentina bolster its economy also bolstered stocks as it eased fears about developing markets,
      Reuter  -  106 words
  • Article
    MARKET SUMMARY
    169 1 Stock market indices Friday Change STII 2.060.38 -3.15 KLSEComp 929.71 -2.31 Nikkei 16.245.82 -231.82 Hang Seng 8.094.58 -16.69 SET Index 1.155.54 -19.13 Jakarta Conip 425.22 -4.72 Manila Conip 2.271.57 -63.96 Taipei WPI 6.480.31 -22.87 Seoul Conip 956.65 +3.49 Bombay BSE30 ..3.465.13 55.05 CLSA China B 814.47 -4.18 AustAIIOrd
    169 words
  • Article, Illustration
    Mah unveils new Land Transport Authority
    490 1  -  By Chuang Peck Ming SINGAPORE A statutory board will be set up within six months to co-ordinate efforts to improve the public transport system and manage traffic more effectively, Minister for Communications Mah Bow Tan told Parliament yesterday. He said the government would also
    490 words
  • Article, Illustration
    It's back to business at Baring Securities S'pore
    571 1  -  By Shiv Taneja SINGAPORE Baring Securities Singapore was back in business yesterday 15 days after derivatives trading losses at a sister company brought down the Barings group. A few "welcome-back" deals were put through the firm in an otherwise dull trading day
    571 words
  • Article
    China's economic boom spells hefty pay rises for managers in Asia
    454 1  -  By Teh Hooi Ling SINGAPORE China's explosive economic growth is fuelling a salary boom across Asia, with some of the region's senior managers receiving pay rises of up to 80 per cent last year. Hongkong, Taipei, Singapore, Seoul and
    454 words
  • Article
    Fewer COEs in year from May but prices unlikely to soar
    471 1  -  By Ramesh Divyanathan SINGAPORE There will be fewer Certificates of Entitlement (COEs) in the 12 months from May. but car distributors do not expect prices to soar. Communications Minister Mah Bow Tan disclosed in Parliament yesterday that 45.552 COEs
    471 words
  • Article
    Foreign and local brokers subject to same qualifying criteria: Dr Hu
    203 1 SINGAPORE Foreigners working in Singapore's banking and securities industries are subject to the same qualifying criteria as Singaporeans, Finance Minister Richard Hu told Parliament yesterday. For example, the Stock Exchange of Singapore requires both foreigners and Singaporeans to pass
    203 words
  • Article
    Tokyo stocks languish amid talk of rate cut
    307 1  -  From Anthony Rowley in TOKYO TOKYO stock prices continued to slide yesterday amid mounting speculation that the Bank of Japan will be forced to cut interest rates to stem the rise of the yen and avert further problems in the financial system.
    307 words
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      264 1 fe QHSBSINU f Declining consumer demand could stay Fed's hand on rates, Pg 14 CONTENTS sExefews 2 fpw?M^a*ls,l6.i; Regional News 3,4.6 Financial 19.20 World News 8 Features Mirfcets Analysts 13 Ctob/W.S£. SES 2126 Editorial 12 Regional 21 Sports 9 World 22 IV/Ltestyle 11 Currencies 19 Focus 7 Stmei/Commo ...19.20 SutacrfetiM
      264 words
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      29 1 Regional Analysis: Pg 13 Spotlight on Vietnam CORPORATE EARNINGS: Cycle Carriage Ltd up 38%, Pg 15; Malayan Credit up 82%, Pg 15; •Hong Ixwng Industries up 30%, Pg 16
      29 words
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      18 1 Hock Lock Siew: i»a is Indoranui weaves the right strategy Barings' ex-directors barred from new firms, Pg 14
      18 words
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      134 1 Bottom jUhe:,Pgi4. There's ywpe yet fofcfiao j EH aa-jgx rar And Let 72 !m— Years' Expertise Work For You ■■m—mmmmmm r —w w GR-2010 TRADE IN YOUR COPIER FOR UP TO f 1200 For enquiries call Jenny at TEL: *****00 Singapore s office MUX SIMGAPOm PTO LTD 16 Gentmg Road
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      20 1 C Ifcistiaiißlor v ffri SOIE ACBfT: LAKEWINDIMPEX PTE LID, Tdi 7WW vt*. When Dr Hu becomes Dr Nyet, Pg 2
      20 words
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      4 1 Managing derivatives, Pg 7
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  • SINGAPORE NEWS
    • EYE on the ECONOMY
      • Article, Illustration
        Lock icon Retained imports fell in January
        326 2  -  By Genevieve Cua RETAINED imports fell 4.6 per cent in January, pulled down by contractions in major oil and non-oil items. The fall was the first over the last 12 months, and came after a surge of over 20 per cent in the fourth quarter
        Source: Dept of Statistics  -  326 words
    • Article
      Sinpac Investment puts Apex Tower up for sale
      172 2 THE owner of Apex Tower, Sinpac Investment, has put the 28-storey building in Anson Road up for sale. But only 25 storeys will actually be sold, said Jones Lang Wootton, which is handling the sale, yesterday. The top three storeys of the
      172 words
    • Article, Illustration
      When Dr Hu becomes Dr Nyet
      778 2  -  In Parliament Yesterday By Ven Sreenivasan FINANCE Minister Richard Hu yesterday sounded a lot like Andrei Gromyko. the cold war era Soviet Foreign Minister who was tagged "Mr Nyet". For like Mr Gromyko, who earned his nickname for vetoing many of the UN Security
      778 words
    • Article, Illustration
      S'pore sets sights on becoming Asia's tourism hub
      405 2  -  Global Tourism Conference By A J Leow SINGAPORE aims to become Asia's tourism capital under the new "Tourism Unlimited" concept, said Singapore Tourism Promotion Board (STPB) chief executive Tan Chin Nam yesterday. Under this concept, the STPB's role will no longer be
      405 words
    • Article
      Tourism Unlimited welcomed by some industry members
      280 2  -  By Agnes Wee THE Singapore Tourist Promotion Board's "Tourism Unlimited" concept, involving its enhanced role in promoting tourism as a business, was welcomed by some travel industry members. STPB chief Tan Chin Nam had presented the board's new strategy at the Global Tourism
      280 words
    • Article
      Lock icon Delifrance cafe fined for selling food in re-used containers
      204 2 The Straits Times THE Delifrance cafe at Parkway Parade Shopping Centre was fined $1,600 yesterday for selling food in re-used disposable containers to its customers last year. This is the third offence against the delicatessen chain, which recently had its Shaw
      The Straits Times  -  204 words
    • Article, Illustration
      One Suntec City tower to be sold
      353 2 ONE of the first two 45-storey office towers at the $1.7 billion Suntec City complex, expected to be completed by the middle of the year, may be sold while the other is leased out. Speaking to Business Times at Meet In Singapore '95
      353 words
    • Article, Illustration
      JLW names Asia Pacific chief to head S'pore office
      304 2  -  By Lee Han Shih INTERNATIONAL property consultant Jones Lang Wootton has appointed its top man in the Asia Pacific to head its Singapore office. The firm said yesterday Australian Christopher Brown chairman of JLW Asia Pacific had been appointed to the
      304 words
    • Article
      Tuas land set aside for desalting plant: Yeo
      304 2  -  By Abdul Hadhi LAND in the Tuas area had been set aside for a pilot de salination plant, the Trade and Industry Minister Yco Cheow Tong said yesterday. Speaking after a function at the Singapore International Convention and Exhibition Centre, he said
      304 words
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      120 2 The sign of exec wjCjy Victoria City Restaurant I Introducing Our Daily I KTV SET MEAL I (SPECIALLY PREPARED BY OUR HK CHEFS) I OUR KTV ROOMS ARE AVAILABLE UPON I ADVANCE BOOKING RESERVATION WITHOUT EXTRA CHARGE I (On a First come First Serve Basis A A I IHAPPJMgVMEAy jRr
      120 words
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  • SOUTH-EAST ASIA
    • Article
      Lock icon Fund-hungry firms on prowl to snap up M'sia banks
      442 3 Reuter KUALA LUMPUR Companies thirsty for quick access to funds in Malaysia's booming economy are lining up to buy commercial banks, making "bank-for-sale" plays a hot story in the stock market this year, analysts said yesterday. New commercial banking licences have
      Reuter  -  442 words
    • Article
      Lock icon Indonesia approves US$10.4b worth of foreign investments
      396 3 The Straits Times JAKARTA Foreign investment approvals in January and February have risen significantly, compared with the same period last year, but authorities are especially pleased by the growing interest in setting up outside heavily-devel-oped Java. Investment Minister Sanyoto Sastrowardoyo said approvals for
      The Straits Times  -  396 words
    • Article
      Star TV and Indovision make deal for broadcast of 15 channels
      352 3  -  From Maggie Ford in JAKARTA INDONESIA'S Indovision group, in which Singapore company Amcol Holdings has a stake, has made a deal with Rupert Murdoch's Star TV to broadcast 15 channels in Indonesia from mid-1995. The tie-up was announced by
      352 words
    • Article
      Lock icon Philippine firms sign deals with GEC and British Gas in UK
      196 3 AFP LONDON Philippine companies yesterday signed several important agreements with their British counterparts, such as the General Electric Company (GEC) and British Gas, during the four-day visit of President Fidel Ramos of the Philippines. "These agreements are evidence of
      AFP  -  196 words
    • Article
      Lock icon Indonesia pledges copyright crackdown
      185 3 Reuter JAKARTA Indonesia, criticised by the United States for doing little to counter computer software piracy, yesterday pledged to step up controls on copyright protection. "Yes, we are stepping up control on copyright protection. It is a government programme and our concern but it is not
      Reuter  -  185 words
    • Article
      Lock icon Thailand bars foreign firms from issuing bonds for 2 years
      151 3 Bloomberg Business News HONGKONG The Thai government has decided that until its domestic bond market is better developed, foreign companies will not be allowed to issue bonds in the market. "We want to develop the market with domestic issuers", not
      Bloomberg Business News  -  151 words
    • Article, Illustration
      Marriott group on expansion trail in Asia
      383 3  -  By Michelle Low SINGAPORE US lodging giant Marriott International is on an expansion path in Asia, opening two new hotels in Kuala Lumpur and Bangkok this year. The company also has projects in Japan, Seoul, Jakarta, China, Macau and Australia, all under construction
      383 words
    • NOTE BOOK
      • Article
        Lock icon France ties Cambodia aid to reforms
        111 3 Reuter PARIS French Economy Minister Edmund Alphandery, opening a meeting of Cambodia's aid donors, called yesterday for more help to Phnom Penh but tied his appeal to the restoration of law and order in the country. Referring to the decision of the Paris Club
        Reuter  -  111 words
      • Article
        Lock icon Suharto on Sarajevo plan
        64 3 Reuter JAKARTA Indonesian President Suharto, in Sarajevo for a brief visit, said a new mechanism should be applied to solve the conflict in the former Yugoslavia, Indonesia's oflicial Antara news agency said yesterday. Antara. in a dispatch lrom Zagreb received here, quoted Mr Suharto as saying
        Reuter  -  64 words
      • Article
        Lock icon KL wants Japan's word on plutonium
        59 3 Bernama KUALA LUMPUR Malaysia wants official assurance from Japan that it would not ship any plutonium through Malaysian waters. Science, Technology and Environment Minister Law Hieng Ding said yesterday. Mr Law said he met Japanese embassy officials on the matter yesterday and this would
        Bernama  -  59 words
      • Article
        Lock icon BOT expands financing to provinces
        41 3 Reuter BANGKOK The Bank of Thailand is extending financing to encourage medium-sized investment in outlying provinces, a 80l official said. All investors who have received Board of Investment privileges are eligible for special bank financing. Reuter
        Reuter  -  41 words
    • Article
      Lock icon Mahathir buries the hatchet with Britain
      216 3 Bernama LONDON Prime Minister Mahathir Mohamad on Monday told top British industrialists that Malaysia wanted to continue building the strongest possible ties with Britain. He gave his word that Malaysia was putting its recent trade problems with Britain behind it once and for all.
      Bernama  -  216 words
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      81 3 High Yielding Investment zurich house ErTi9 100% LEASED SI 11 Nigh P ro^'c ce investment leased to quality tenants including Zurich Insurance, Willis Corroon Richard Oliver and Hannan (iroup. Jj| ®jjjj^e|!|m| Current income $t.)26 million p.a. approx. II Superb views HHkn nmw Attractive depreciation benefits if 0 I I 7
      81 words
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      296 3 o-sponsored by the Asian Society II ofTricholoqists and Svemon v International, the SINGAPORE HAIR EVENT must not be missed by anyone with any kind of hair or scalp problem. Free hair and scalp examine- /1W tions by professional tnchefogists, a W free trichQiogigai shampoo and a free trial service are
      296 words
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  • CHINA/HONGKONG/TAIWAN
    • Article
      HK govt sells 3 lots at land auction, withdraws 2 due to lack of response
      492 4  -  From Lim Soon Neo in HONGKONG THE government sold three lots of land at a public auction yesterday two residential lots and a non-industrial lot but had to withdraw two nonresidential sites due to a
      492 words
    • Article, Illustration
      Rais pleads guilty to Carrian fraud conspiracy charges
      214 4  -  From Lim Soon Neo in HONGKONG A KEY figure in the long-run-ning Carrian saga pleaded guilty to two charges of conspiracy to defraud in the Hongkong High Court yesterday. Rais Saniman, a former Bumiputra Malaysia Finance Limited (BMF) director, pleaded not guilty,
      214 words
    • Article
      Lock icon China urged to sweeten terms for foreign oil companies
      346 4 Reuter BEIJING China faces a worsening oil shortage unless it makes returns for foreign oil companies more attractive, oil executives and analysts told an oil conference yesterday. They said China's oil industry, already one of the world's largest, was set to
      Reuter  -  346 words
    • Article
      Lock icon China oil firms scramble for share of lucrative LPG market
      322 4 Reuter BEIJING China's state oil enterprises are rushing to build liquefied petroleum gas (LPG) storage facilities to exploit the promising LPG market, Chinese oil officials said yesterday. Officials also said controls on the trade might soon be tightened to prevent
      Reuter  -  322 words
    • Article, Illustration
      Lock icon Found: toxic gas canisters left by Japanese
      69 4 Reuter ANHUI, China Inspectors of a Japanese government team and Chinese workers bringing out a drum of chemicals from a temporary dump here last week. The Japanese team confirmed on Monday that three drums of chemicals found in the province were lethal gases
      Reuter  -  69 words
    • CHINA WATCH
      • Article
        Lock icon S'pore govt investments in Taiwan
        86 4 AFP TAIPEI Taiwan's Securities and Exchange Commission (SEC) yesterday approved US$lOO million (SSI4I million) in investments by the Singapore government on the bourse here. The United Evening News said the commission would also allow Singapore to invest a further US$5O million on the exchange in
        AFP  -  86 words
      • Article, Illustration
        Lock icon They all want colour
        65 4 AFP BEIJING Two members of the People's Armed Police carrying a locally-made colour TV set out of a street market. According to a study by US market research giant Gallup, colour TV sets are the most coveted household item in China, with 40 per cent of
        AFP  -  65 words
      • Article
        Lock icon Taiwan funds for South-east Asia
        60 4 Reuter TAIPEI Taiwan's provincial government has approved the raising of NT$l billion (5554.2 million) to establish a development firm to invest in South-east Asia. The government's Taiwan Development and Trust Corp will invest NTS2OO million and plans to ask local firms to put up NTSBOO
        Reuter  -  60 words
      • Article
        Lock icon HK may postpone rate deregulation
        83 4 Reuter HONGKONG David Carsc. deputy chief executive (banking) of the Hongkong Monetary Authority, yesterday said it would be sensible to postpone the next stage of interest deregulation in Hongkong. Mr Carse said the banking industry needed time to assess the impact of the first two
        Reuter  -  83 words
    • Article
      Lock icon China to issue bonds to help fund Three Gorges project
      219 4 Knight-Ridder HONGKONG China plans to issue bonds overseas this year to help fund its massive Three Gorges dam projeet on the Yangtze River, the official Xinhua News Agency reported late on Monday. A top official at the corporation running the
      Knight-Ridder  -  219 words
    • Article
      Lock icon Guangdong putting brakes on blistering economic growth
      371 4 Reuter BEIJING China's Guangdong province aims to slow its scorching economic growth in 1995, a year when it must also tackle problems such as inflation and a flood of migrant labour, governor Zhu Senlin said. Official targets for 1995 reflect a desire to
      Reuter  -  371 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      93 4 X 55. f Upptmyaki -IAUk 51ir For a Teppanyaki treat with a difference, our chefs have planned a sizzling menu of Sirloin Beef, Prawns, Scallops, Salmon and Chicken accompanied with Peppercorn Sauce, Herb Sauce, Tomato Concasse Sauce and Dill Cream Sauce. The tantalising meal also comes with Sushi Maki, Salad,
      93 words
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      427 5 been the archaeology. In years none than Bronze Age trading vesse 1 th the The known the 46m below depths restricts himself and his divers a maximum of twenty minutes a time working on the wreck. Accordingly, he times eveiy dive he makes with a Rolex Submariner. r s '">:^mHM
      427 words
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  • REST OF ASIA
    • Article
      Lock icon Indian govt sees fiscal deficit falling to 6% of GDP from 7.3%
      463 6 Reuter NEW DELHI India expects its fiscal deficit for the 1994/95 financial year (April/March) to drop to around 6 per cent of GDP from 7.3 per cent last year. In its annual economic survey, released yesterday, the government
      Reuter  -  463 words
    • Article
      Lock icon Markets have grown mightier than missiles, Bhutto tells summit
      300 6 Reuter ISLAMABAD Pakistan's Prime Minister Benazir Bhutto told a l()-nation regional economic summit yesterday that markets had become more powerful than missiles. The two-day summit of the Economic Cooperation Organisation (ECO) here aims to boost economic links among disparate member states
      Reuter  -  300 words
    • Article, Illustration
      Lock icon A bronze giant
      44 6 AFP FUKUOKA The world's largest lying-down bronze statue of Buddha was unveiled at a temple near this city in south-western Japan on Monday. The 300-tonne reclining structure measures 41m by 11m, about half the size of the Statue of Liberty. AFP
      AFP  -  44 words
    • Article
      Lock icon Canada argues for WTO-plus super trade grouping
      274 6 Reuter CANBERRA Canadian Trade Minister Roy MaeLaren yesterday floated the idea of a super trade grouping to bring together the world's major trade blocs. iron out increasingly eomplex trade rules and help prevent trade wars. Mr MaeLaren made the proposal, which he termed
      Reuter  -  274 words
    • Article
      Lock icon Australia remains world's top beef exporter
      163 6 Reuter GENEVA Despite severe drought, Australia remained the world's major beef exporter last year and should stay well on top in 1995 as the European Union continues to cut back, the World Trade Organisation (WTO) said yesterday. In a report, the WTO also predicted
      Reuter  -  163 words
    • Article
      Lock icon Aussie corporate profit growth likely to slow down: analysts
      424 6 Interest rate hikes starting to take effect on demand for goods and services Reuter SYDNEY Australian corporate earnings reported for the period to Dec 31 reflect the buoyant domestic economy but signs of a slowdown in profit growth are starting to
      Reuter  -  424 words
    • ASIA NOTES
      • Article
        Lock icon S Korean super info highway plan
        72 6 AP SEOUL South Korea yesterday laid out a plan to build an information superhighway by 2015 that calls tor 45.2 trillion won (SSBI billion) in private and government investments. The plan aims to link all government agencies and public organisations across the country with
        AP  -  72 words
      • Article
        Lock icon Seoul eases investment rules further
        60 6 Bloomberg Business News SEOUL South Korean institutional investors will be allowed to invest in unlisted stocks and non-government bonds in overseas capital markets. The Ministry of Finance and Economy yesterday said brokerages, insurers, investment trust firms, pension funds and other institutional investors will be allowed
        Bloomberg Business News  -  60 words
      • Article
        Lock icon Japan's parties delay trip to N Korea
        99 6 Reuter TOKYO Japan's ruling parties yesterday indefinitely put off a visit to North Korea that was meant to improve relations after they failed to agree among themselves on conditions for the trip. After a formal invitation from Pyongyang to the three ruling parties
        Reuter  -  99 words
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      25 6 lIIIMIIBii ■|Sh inter < clean as i a INTERNATIONAL TRADE FA//? FOR INDUSTRIAL MAINTENANCE BUILDING SERVICES SINGAPORE WORLD TRADE 1 CENTRE Halls MARCH 29 1995 HA
      25 words
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  • FOCUS
    • Article, Illustration
      Unwrapping the business of packaging risk
      1793 7  -  Managing derivatives Reports by Ralph Liu The writer is managing director of Advanced Risk Managements Solutions Pie Ltd. a Singapore-based derivative consulting firm SINGAPORE The structured financial derivatives products business is a packaging business. Many of today's thriving industries are packaging businesses. For example,
      1,793 words
    • Article
      How derivatives bankers make a quick buck
      1298 7 THE following are a few suggestions that some derivatives bankers could use to meet their budget for this year: Structured notes are hybrid note products constructed through combining the conventional generic currency notes or deposits and a variety of derivatives risk components on
      1,298 words
    • Article
      Corrections and clarifications
      52 7 YESTERDAY'S article. "How to rein in the derivatives demons", wrongly included OCBC Bank as being among the companies that had suffered losses from derivatives trading. The bank that suffered losses was the Overseas Chinese Bank in Taipei, Taiwan, and not Singapore's OCBC Bank. We are sorry for
      52 words
    • Article
      Types of structured notes
      685 7 STRUCTURED notes have different risk-return profiles, depending on their structures. Because the notes are simply the combinations of the underlying agency notes and the plain vanilla OTC derivatives transactions or their strategies, the forms that the structured notes can take are basically unlimited. The following arc
      685 words
    • Article
      Commonsense rules to avoid some pitfalls
      395 7 WHAT should the end-users of structured financial derivatives products do to avoid being exploited? There are some commonsense rules to make investing in derivatives a little bit safer and cheaper. Some anti-graft rules introduced by many of today's state or big commercial companies in
      395 words
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  • THE WORLD
    • WORLD WATCH
      • Article
        Lock icon Clinton to assure Yeltsin on Nato
        100 8 NYT WASHINGTON Eager to reduce Russia's opposition to expanding Nato, US President Bill Clinton is planning to exchange letters with Russian President Boris Yeltsin to assure him that Nato is no longer an anti-Russian alliance. Administration officials said on Monday that they were going
        NYT  -  100 words
      • Article
        Lock icon Mubarak seeks Japanese investment
        102 8 Reuter TOKYO Egyptian President Hosni Mubarak yesterday called on Japanese business leaders to step up their investment in his country and boost economic cooperation. Mr Mubarak, in a speech on the second day of a state visit to Japan, expressed dissatisfaction with the current level of
        Reuter  -  102 words
      • Article, Illustration
        Lock icon Northern exposure
        43 8 Reuter SILVER SPRING, Maryland Former Iran-Contra figure and one-time Virginia Republican senatorial candidate Oliver North answering callers during his first day of talk radio on Monday. Mr North's three-hour show on WRC AM9BO dealt with conservative versus liberal political issues. Reuter
        Reuter  -  43 words
      • Article
        Lock icon Socialist leader faces jail demand
        88 8 Reuter SAINT-BRIEUC, France A prosecutor yesterday demanded a two-year suspended prison sentence for French Socialist party leader Henri Emmanuelli, accused of illegal funding practices. Emmanuelli is one of 17 people on trial in one of a series of corruption or party funding cases, involving all
        Reuter  -  88 words
      • Article
        Lock icon E German leaders charged
        61 8 Reuter BERLIN Seven ex-members of communist East Germany's ruling politburo have been charged with 47 cases of manslaughter in connection with the deaths of escapees trying to flee the country. Berlin's Justice Ministry yesterday said the charges were the latest step in an increasingly tortuous attempt
        Reuter  -  61 words
      • Article
        Lock icon Special US-UK ties still alive
        85 8 Reuter WASHINGTON The White House on Monday downplayed British anxiety about President Bill Clinton's open-arms treatment of Sinn Fein leader Gerry Adams, but confirmed Mr Clinton had received a letter on the subject from British Prime Minister John Major. White House officials also said that
        Reuter  -  85 words
    • Article
      Lock icon US House, Senate reach pact on unfunded mandates law
      390 8 Bloomberg Business News WASHINGTON House Speaker Newt Gingrich announced a House-Senate compromise on legislation to protect businesses and localities from costly federal regulations. Drawing sustained applause from a meeting on Monday of the National League of Cities, Mr Gingrich said he
      Bloomberg Business News  -  390 words
    • Article
      Lock icon Italian govt's fate hangs on showdown over deficit-trimming package
      365 8 AP ROME Warning that Italy's financial crisis could spin out of control, Premier Lamberto Dini yesterday made a lastminute appeal for support as rival political forces moved closer to a showdown that could prompt the end of his non-partisan government. At
      AP  -  365 words
    • Article
      Lock icon Argentina getting US$11b loans to back its peso
      248 8 Reuter BUENOS AIRES Argentina announced on Monday it had put together a financing package which will give it an extra US$ll.l billion (S$ 15.6 billion) to back the peso's fixed one-to-one link to the US dollar. The package includes a renewed loan
      Reuter  -  248 words
    • Article
      Lock icon Orange County chief willing to swap local control for state aid
      248 8 Bloomberg Business News SANTA ANA, California Orange County, California's chief executive William Popejoy would accept supervision from a new state oversight agency if that's what it takes to get California to guarantee loans for his bankrupt county. Two state
      Bloomberg Business News  -  248 words
    • Article, Illustration
      Lock icon Greenspan urges Congress to retool consumer price index
      346 8 Bloomberg Business News WASHINGTON Federal Reserve chairman Alan Greenspan has urged Congress to retool the government's main gauge of inflation a step that could save US$l5O billion (*****.5 billion) over five years and trigger a new battle over the sanctity of Social
      Bloomberg Business News  -  346 words
    • Article, Illustration
      Lock icon UK's Labour Party chiefs back new clause
      403 8 FT LONDON Tony Blair has won the overwhelming backing of Labour's ruling national executive committee for an amendment to the party's Constitution supporting a thriving private sector in a dynamic market economy. The NEC on Monday voted 21 to 3, with five abstentions,
      FT; Reuter  -  403 words
    • Article
      Lock icon US govt names winners of contest for wireless phone services
      427 8 Reuter WASHINGTON The Federal Communications Commission on Monday declared the winners of a high stakes contest for rights to offer a new generation of wireless telephone services as its latest airwave auctions ended. As expected, the biggest winner was an
      Reuter  -  427 words
    • Article
      Lock icon US not told of Salinas' plans to seek exile
      133 8 LAT MEXICO CITY Mexico was riveted on Monday by the case of its missing former president, as the government of incumbent President Ernesto Zedillo maintained official silence on the subject and the White House said it was not informed until late
      LAT  -  133 words
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      Page 8 Advertisements Column 1
      345 8 Official Hotel Warehousing, J* Distribution Logistics —r CONVENTION Major Benefits of A ttending: Implement efficient, cost- tunities in regional warehousing effective and profitable ware- logistics and distribution. housing distribution systems. Hear from Asian International mmm Gain insights of the latest tech- specialists experts discuss llfii£in£<i<i nology, tools systems of this
      345 words
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  • SPORTS
    • Article, Illustration
      Lock icon Michael Jordan practises but still won't say if he will play
      443 9 Reuter DEERFIELD, Illinois Retired basketball superstar Michael Jordan practised with his former team again on Monday, but gave no indication whether he would end a 17-month absence from professional basketball to rejoin the Chicago Bulls. "He came and practised,
      Reuter  -  443 words
    • Article
      Lock icon Jordan's switch shakes up advertising world
      302 9 AP NEW YORK Advertisers are scrambling to keep up with Michael Jordan. Gatorade has started airing a Jordan commercial a month early. Nike, whose stock price has gotten a boost from speculation that Jordan is returning to professional basketball, has stopped running a spot
      AP  -  302 words
    • Article, Illustration
      Lock icon Football bribery: Tapie goes on trial
      77 9 AFP VALENCIENNES, France Former soccer boss Bernard Tapie, (centre) protected by policemen, leaving the law courts of Valenciennes in northern France on Monday. The maverick businessman, who was once a serious contender for the French presidency, went on trial in the biggest bribery scandal
      AFP  -  77 words
    • Article
      Lock icon No systematic doping in Chinese sports: Olympic chief
      171 9 AFP MAR DEL PLATA, Argentina Olympic chief Juan Antonio Samaranch has refused to condemn China for systematic doping in spite of a spate of cases last year. "We don't believe in systematic doping, in state-run doping," the International Olympic Committee president, here
      AFP  -  171 words
    • Article
      Lock icon West Indies batsmen dismiss claims that Warne is target
      501 9 AFP, AP PORT-OF-SPAIN, Haiti There has been no orchestrated plan by West Indies' batsmen to neutralise Australian legspinner Shane Warne during the current one-day international series. Brian Lara, the most regal of the West Indies batsmen, indicated that all of his
      AFP,; AP  -  501 words
    • Article
      Lock icon Sampras leaves Agassi in the shadows to give a luminous display
      621 9 NYT INDIAN WELLS, California It was a shadowy court, but an inspired Pete Sampras put on such a luminous display of tennis upon it on Monday that his frazzled opponent, Andre Agassi, was left in the dark to play
      NYT  -  621 words
    • SCORE CARD
      • Article, Illustration
        Basketball
        204 9 NEW YORK NBA on Monday: Charlotte 103 Washington 106; Atlanta 86 Houston 97; Golden State 125 Dallas 130; LA Lakers 93 Indiana 91. Standings (W I, Eastern Conference, Atlantic Division: I x-Orlando 48 14 .774 2 NY 39 21 .650 8 3 New Jersey 25 37 .403 23 4
        204 words
      • Article, Illustration
        Cricket
        46 9 NAPIER, New Zealand New Zealand, chasing 427 to win. were 139 for four wickets at the close of the fourth day yesterday in the first test against Sri Lanka. Scores: Sri Lanka 183 and 352 (C Dunusinghe 91). New Zealand 109 and 139 for four.
        46 words
      • Article, Illustration
        Golf
        166 9 LONDON World rankings on Mondav (LS unless stated): 1 Nick Price (Zim) 22.21 pts avc 2 Greg Norman (Aust) 19.57 3 Nick Faldo (GB) 18.19 4 Frnic Els (SA) 15.02 5 Bern hard Langer (Ger) 14.64 6 Jose Maria Olazabal (Spn) 14.51 7 Fred Couples 13.78 8 Colin Montgomerie
        166 words
      • Article, Illustration
        Tennis
        22 9 INDIAN WEIAS, California L'SSI-8 million Newsweek Champions Cup final on Monday: I-Pete Sampras (US) b 2-Andre Agassi (US) 7-5 6-3 7-5.
        22 words
    • SIDE LINES
      • Article, Illustration
        Lock icon Southampton goalkeeper arrested
        117 9 AP SOUTH AM PTON, England Southampton goalkeeper Bruce Grobbclaar (right) was arrested yesterday in connection with allegations he took bribes to fix matches, police said. The Zimbabwean goalkeeper was put under investigation several months ago after a tabloid newspaper published allegations that he received bribes from a
        AP  -  117 words
      • Article
        Lock icon Nick Faldo tipped to win US Masters
        100 9 AP LONDON British bookmakers on Monday made Nick Faldo the favourite to win the 1995 US Masters golf tournament. The English golfer, who came within one stroke on Sunday of winning his second consecutive tournament, was listed at 7-1 by bookmakers Ladbrokes. US
        AP  -  100 words
      • Article
        Lock icon Chile joins search for yachtsman
        101 9 AP PUNTA DEL ESTE. Uruguay The Chilean Navy on Monday joined the search for a 70-year-old British sailor competing in the BOC Challenge who has been lost in the Southern Pacific for 11 days, race officials said. The Doceriver, a Lebanese merchant ship which took
        AP  -  101 words
      • Article
        Lock icon Johnson's magic touch
        94 9 AP PERTH Magic Johnson overcame a calf injury to score a game-high 38 points on Monday night and led his team of American All Stars to a 117-109 overtime victory over the Australian national basketball team. The win was the 39th straight for the All Stars and
        AP  -  94 words
      • Article
        Lock icon Young America in freak accident
        109 9 AP SAN DIEGO. California Young America, the leading contender to defend the America's Cup. is undergoing emergency repairs following a freak accident. A rogue wave damaged the hull on Sunday when Young America was being towed onto the Pacific Ocean for a test session. John
        AP  -  109 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      39 9 "'business dm Thailand's First International Business Daily Dedicated to Cover all Business News in Thailand and around South East Asia j at select 7-eleven, Cold Storage and Times The Bookshop For subscription enquiries, please call our hot-line at *****77
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      Page 10 Advertisements Column 1
      1263 10 Bifjjfl where to wine, dine and entertain OK The to B Mob IO TW 8p iT.rLk' Jp- Mo I 3pm I 1024 I oaa Orchard Boulevard. Singapore 1024. BOULEVARD HOTEL. 7> 7 2911 LUNCH OR DINNER,"! I FEAST ALL YOU f ICA N I 8 That's over SO delightful dishes
      1,263 words
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  • LIFESTYLE
    • Article, Illustration
      Music from the courts of kings
      965 11  -  Tan Su Ling introduces an ensemble and a concert with a difference Tan Su Ling The writer is a music teacher who contributed this article to Business Times EVER since Gregorian Chant topped the music charts, the Middle Ages have become a lot more
      965 words
    • Article
      Lock icon Oliver Stone denies Kennedy hit squad in film on Nixon
      304 11 CHATTERBOX AP Reuter Reuter OLIVER STONE'S planned movie about Richard Nixon could be a conspiracy theorist's dream: One early script reportedly has the former president organising a hit squad that assassinated John F Kennedy. The screenplay is prefaced by a
      AP; Reuter  -  304 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      207 11 WHERE TO WINE, DINE AND ENTERTAIN (datraljUl pCouse Open Daily Lunch 11.30 am 2.30pm Dinner 6.30pm 10.30pm (Last order 10pm) Western Japanese Set Lunch at $1150+ Monday to Saturday 160 Orchard Road #81-01, Orchard Point, Singapore 0923. Tel: 737 4564,734 4956 Fax: 736 1922 Skima's Yakmiku Goodwill Pule Hold ERVE
      207 words
  • Page 11 Miscellaneous
    • Miscellaneous
      Page 11 Miscellaneous Column 1
      430 11 I WEATHER Singapore: Showers over several areas in the afternoon. Temperature (24-32*) AsiaPacrtk Hl/lo' Cond Europe M/U* C-4. Buenos A>es li ra ri «fv Auckland 23/13 Cloudy Amsterdam 06 04 Cloudy Cr-cago 1102 Sfo»ers Bangkok 34/26 Ckxxly Alliens 15,*07 Snowers HonofcAj 27/20 Cloudy |Ma |2,-04 Ran Berkn 08,03 Cloudy Houston
      430 words
    • Miscellaneous
      Page 11 Miscellaneous Column 2
      624 11 I TV RADIO I ill mil W Oscar, but Hugh OConor gi\es r j s with cerebral palsy overcomes his handicap a great portra.t ol the art.st- hjs h X nMy Foot, 10pm, Ch 12 writer as a young boy. K J -rr rrz Guest. 7.00 Spektra. Channel 12 g3O
      624 words
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  • Article
    Mexico faces the music
    510 12 EDITORIAL SINCE Mexico devalued its currency last December, the world financial system has been trying to contain the "tequila effect" emanating from that country's economic crisis. Foreign investors have lost confidence in emerging markets in Asia and elsewhere. Even the US$5O billion scheme devised by the
    510 words
  • WHAT THE OTHERS SAY
    • Article
      Big threat to Pakistan
      179 12 VIOLENCE is rocking Karachi, Pakistan's biggest city, industrial and commercial hub, main port and the capital of its agriculturally-important Sindh province. What is certain is that the killings are tied to the central fact of the region's recent history the war in Afghanistan followed by the
      179 words
    • Article
      A balanced role for women
      195 12 THE WOMAN of the Year 1994 award winner. Mrs Leaena Thambyah, is a person who has attained an ideal and balanced achievement: career, family and social work. The availability of a good education system has enabled Singapore to produce women like her. The recent GCE
      195 words
    • Article
      Improve public transport
      191 12 DESPITE criticisms of government measures to curb car ownership, their effects are evident for all to see. At least the serious traffic congestion or standstill seen frequently in many big cities has not happened in Singapore. In fact, the Area Licensing Scheme (ALS) practised in Singapore is
      191 words
    • Article
      And now, wage war on poverty
      188 12 THE LOUDEST MESSAGE ringing out of the debates at the World Summit for Social Development in Copenhagen which ended yesterday is that poverty is not merely an economic problem. Neither is it a main issue of political economy. The summit instead addressed poverty issues
      188 words
    • Article
      Outdated and inefficient
      147 12 THE INEFFICIENCY DISEASE afflicting all modes of Malaysia's transportation systems has been allowed to spread for a long time. Everybody knows it but nobody, except anyone connected with it, gives two hoots about it. But it has now developed to a chronic stage where nobody can ignore
      147 words
    • Article
      Investors need transparency
      119 12 PARALLELS BETWEEN the Shougang case and the continuing coup at China International Trust and Investment Corporation (Citic) are obvious. In both cases, we were told that the chairman's age dictated his retirement; in both cases, there were certain financial irregularities. As is more often than not the
      119 words
  • Article, Illustration
    Lock icon A vote for change
    896 12  -  Yogi Aggarwal says the recent Indian state elections show that the era of one-party domination is over and herald a period of coalition governments Yogi Aggarwal The writer is a Bombay-based journalist who contributes to BT IF THERE IS one lesson from the recent elections to
    Reuter  -  896 words
  • Page 12 Advertisements
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      20 12 EFFECTIVE RECRUITMENT ADVERTISING. IT'S ONLY A CALL AWAY... To advertise your Appointments or Notices, call toll-free 1-800-741-1883 TThe Straits Times
      20 words
    • Advertisement
      Page 12 Advertisements Column 2
      334 12 MFUiline An SPH AudioTex Service ENGLISH NUMBER Children's Funland Sun Wukong Wrecks The Feast 910 0001 Usborne Book Line The Tooth Fairy 910 0002 Horse Racing Results 911 0001(*) 4D/S Weep/Toto Toto Draw No 954 911 0002(*) Tele-Games Crack The Safe A Mrs Wizards's 911 0003 Crystal Ball 7 Mensa
      334 words
  • Page 12 Miscellaneous
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  • REGIONAL ANALYSIS
    • Article, Illustration
      On track to doubling per capita income by 2000
      1358 13  -  ECONOMIC OUTLOOK 95 Spotlight on VIETNAM in BT's country-by-country assessment of regional economies Special to BT DAVID H D TRUONG DAVID H D TRUONG The writer is director of the Amsterdam-based Foundation for Indochina Studies. He is also an international specialist
      1,358 words
    • Article, Illustration
      Highways to prosperity
      1158 13  -  HARISH MEHTA HARISH MEHTA The writer is BT's Indochina correspondent. He filed this article from the United States, where he is currently on sabbatical leave. A DRIVE down Vietnam's 2,200-kilometre-long Highway One a thin ribbon of tar that runs neatly down the length of the narrow country
      1,158 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      172 13 Royal Club at Amara ...the very soul of Singapore. 'f IMf* (0> Now there is a special place in a special hotel in a special part of Singapore Royal Club at Amara in the business and cultural heart of the city. It is a place designed to reward, relax and
      172 words
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  • Article
    Lock icon Declining consumer demand could stay Fed's hand on rates
    511 14 Reuter, Bloomberg Business News NEW YORK Sluggish US retail sales in February point to declining consumer demand and should remove pressure from the Federal Reserve to raise short-term interest rates, analysts said. "Not only was the overall number down, but we
    Reuter,; Bloomberg Business News  -  511 words
  • Article
    Lock icon US trade deficit hit seven-year high at US$155.7 billion last year
    486 14 Reuter, AP. Bloomberg Business News WASHINGTON The US current account deficit, the broadest measure of the nation's trade performance, set a record during the fourth quarter and was the highest in seven years for all of 1994, the Commerce
    Reuter,; AP.; Bloomberg Business News  -  486 words
  • Article
    Support for Italian to take WTO job grows
    355 14  -  By Yang Razali Kassim SINGAPORE A consensus is emerging in Geneva to appoint Italy's former trade minister Renato Ruggiero as the director-general of the World Trade Organisation. But the new world trade watchdog is still in danger of becoming rudderless from today
    355 words
  • Article
    Lock icon SAS orders 35 Boeing 737-600s for US$1.07b
    296 14 Reuter STOCKHOLM Scandinavian airline SAS yesterday ordered 35 Boeing 737-600s for about USSI. 17 billion (551.65 billion), snubbing long-time business partner McDonnell Douglas. SAS-said it would be the launch customer for the latest version of the Seattle aviation giant's workhorse jet the most
    Reuter  -  296 words
  • Article, Illustration
    Lock icon Castro plays tourist
    38 14 Reuter PARIS Cuban President Fidel Castro (centre) visiting one of the city's most famous landmarks, the Eiffel Tower, yesterday. Mr Castro was on the second day of a four-day visit to the French capital. Reuter
    Reuter  -  38 words
  • Article
    Lock icon French PM moots regular Europe-Asia summits
    172 14 Reuter PARIS French Prime Minister Edouard Balladur yesterday proposed that the European Union hold regular meetings with leaders of Asian nations to boost political and economic ties. In an interview with Reuters, Mr Balladur said he wanted to make progress towards that aim during
    Reuter  -  172 words
  • Article, Illustration
    Rao's election losses won't seriously threaten reforms
    900 14  -  The Bottom Line VIKRAM KHANNA VIKRAM KHANNA The writer is BT's regional economics editor NO, Prime Minister Narasimha Rao of India is not about to be hounded out of office, even though his Congress (I) Party has taken yet another pummelling in the
    900 words
  • Article
    Lock icon Barings' ex-directors barred from boards of new ING firms for now
    389 14 FT, Reuter LONDON Former directors of Barings, the collapsed UK merchant banking group, have been barred temporarily by UK securities regulators from becoming directors of the new Barings businesses created by Dutch bank Internationale Nederlanden Groep. The Securities and
    FT,; Reuter  -  389 words
  • Article
    Lock icon EU makes concerted bid to force Japan to open up markets
    275 14 Reuter, AFP BRUSSELS The European Commission has stepped up the pressure on Japan to open up its markets to foreign goods and firms. Commission president Jacques Santer and Trade Commissioner Leon Brittan who is also responsible for political links
    Reuter,; AFP  -  275 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Motor operations drive up CCL's profit by 38%
      602 15  -  By Shiv Taneja SINGAPORE In another successful year for diversified Cycle Carriage Ltd (CCL). the company saw a 38 per cent increase in net earnings at the group level to $124 million for the 12 months to Dec 31, 1994, compared with
      602 words
    • Article
      Malayan Credit boosts profit 82% on annual basis to $28.7m
      341 15  -  By Shiv Taneja SINGAPORE Locally listed property group Malayan Credit yesterday reported an 82 per cent increase in net earnings to $28.7 million for the year to Dec 31, 1994 up from $19.73 million for the 15 months to Dec
      341 words
    • Article
      Polyester holds key to growth for Indonesia's Indorama
      804 15  -  HOCK LOCK SIEW By William Chia SINGAPORE Listed Indonesian polyester yarn producer PT Indorama Synthetics is never pleased at being classified as a textile stock instead of a chemical company. This is especially so when more than 70 per cent of its
      804 words
    • Article
      DBS Land's venture in Vietnam gets go-ahead
      271 15 SINGAPORE DBS Land has received the official go-ahead for its US$l9.5 million (5527.7 million) residential joint venture in a prime area of Ho Chi Minh City its first Vietnamese project. Vietnam's State Committee for Cooperation and Investment has given Mekong-Haco-ta JV Co Ltd
      271 words
    • Article
      DBS Bank opens branch in Bombay today
      182 15 SINGAPORE DBS today becomes the first Singapore bank to open a branch in India. The branch, in Bombay, will be active in working-capi-tal finance, trade finance, project finance, foreign exchange and deposit-taking. It has paidup capital of US$lO million (S$ 14.2 million). The
      182 words
    • EYE on your STOCKS
      • Article, Illustration
        MARKET MOOD
        51 15 Mixed Market Wood indicates the likely trading sentiment today, based on brokers polled at 5-6pm yesterday. Overnight events may alter sent intent. Brokers polled Alliance. Credit Lyonnais Six unties. Danm. Fraser. GK Goh. Kay Hian. Morgan Grenfell. OngCo. Nomura. Phillip. Smith Sew Court. Il l Carr and SG
        51 words
      • Article, Illustration
        HOT STOCK
        112 15  -  -By Paul Leo Jack Chia MPH at yesterday's closing price of 5i.23 is a long-term buy. The monthly Relative Strength Index is fast approaching the oversold region and the weekly Moving Average Convergence-Divergence Indicator is about to signal a buy. Interest in the stock has picked up strongly
        112 words
    • COMPANIES
      • Article
        SET slumps to 17-month low before regaining ground
        351 16  -  From Lob Hui Yin in BANGKOK THE Thai bourse slumped to 1,134 points yesterday afternoon. hitting a level not seen since the pre-1993 bull run days. However, buying support by local mutual funds in the last half hour of trading managed to
        351 words
      • Article, Illustration
        Shell Refining's M$86m net profit falls below market expectations
        372 16  -  From Ruth Wong in KUALA LUMPUR KUALA LUMPUR Shell Refining Company (FOM) Bhd has posted a net profit of M 585.89 million (5547.2 million for the year ended Dec 31,1994. This is a 17 per cent decline over the previous year's
        372 words
      • Article
        Lock icon C&C Bintang profit soars 650% to M$61.3m
        382 16 MBT KUALA LUMPUR True to expectations. Cycle Carriage Bintang Bhd has released a set of scintillating results for the year ended Dec 31, 1994. Group pre-tax profit for the year soared 650 per cent to M 561.34 million (SS34 million) compared with MSB.IB
        MBT  -  382 words
      • Article
        Lock icon Philippine Airlines details expansion plan
        263 16 Reuter MANILA Philippine Airlines (PAL) will undertake a 3.2 billion peso (SSI73 million), three-year, expansion programme in an attempt to reverse the deepening losses of Asia's oldest national airline. PAL said in a statement coinciding with its 54th anniversary yesterday that it will buy two
        Reuter  -  263 words
      • Article
        Lock icon KL power firms must be more aggressive to push sales: broker
        368 16 Bernama KUALA LUMPUR There has to be a more aggressive drive to increase sales of electricity because of the high reserve margin of 52 per cent to 62 per cent projected between 1995-1998, a securities firm said. BBMB Securities
        Bernama  -  368 words
      • Article
        Lock icon Hong Leong Industries chalks up 30% rise in interim group profit
        190 16 Bernama KUALA LUMPUR Hong Leong Industries Bhd has reported a 30 per eent increase in its unaudited group pre-tax profit to M 585.7 million (SS47 million) for the half-year ended Dec 31. 1994. against M 566.04 million in the
        Bernama  -  190 words
      • Article
        Indon group clarifies derivatives losses
        311 16  -  By Quak Hiang Whai SINGAPORE Asia Pacific Resources International Holdings Ltd (APRIL) yesterday gave details of derivatives transactions in response to an Asian Wall Street Journal (AWSJ) report about the Indonesian paper and pulp group's massive losses. AWSJ had reported that companies in Indonesia's Sukanto
        311 words
      • Article
        Lock icon AlliedBank launches new service to make most of savings
        194 16 Bernama KUALA LUMPUR AlliedBank (Malaysia) Bhd. a wholly owned subsidiary of financial services and investment company Phileo Allied Bhd, has launched a new banking service. Alliedßank Sweep. The service monitors customers* accounts and decides when to transfer funds into their current
        Bernama  -  194 words
      • Article
        Lock icon Ayala credits Philippine economy for profit surge
        280 16 Reuter MANILA Ayala Corp. one of the Philippines' biggest conglomerates. said 1994 profits hit a record high because of a stronger national economy. Ayala. with interests ranging from real estate and food processing to insurance and banking, reported a net profit of 5.2
        Reuter  -  280 words
      • Article
        Lock icon Pacific Bank reports 23% rise in pre-tax profit
        197 16 Bernama KUALA LUMPUR The Pacific Bank Bhd reported a group pre-tax profit of M 543.041 million (5523.9 million) for the year ended Dec 31, 1994. up 23 per cent from M 534.865 million in the previous corresponding period. The company said in
        Bernama  -  197 words
      • Article
        DIVIDENDS ANNOUNCED
        633 16 Pa) men! Ex Books Pay (S) date close date ABR Hldgs 5' F 18 iun 13 Jun 19 Jun 30 Avimo 20* F I2.5TE Mar I Mar 7 Apr 15 Artech 5* b 20TE May II May 16 May 31 BAT 21' F 4.I4N Mar 20 Mar 24
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      • Article
        UNIT TRUST & FUNDS
        583 16 UNIT TRUST FUNDS Managers' pricct Mar 15 US Gr Fund 0 0 99** Singapore Unit Trust UOB Asset Mgt Ltd The C ommerce 1.57 I 66 Unifund 1.29 1.35 The Savings Fund 140 I 48*d tnibond 1015 1045 S"pore Prog Fund 0.57 0.61 United Gr Fund 1.53 1.60 S'pofv Sec
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      • Article
        Lock icon Property sales seen boosting Swire Pacific's 1994 profit
        450 17 Reuter HONGKONG Swire Pacific, the bluest of Hongkong's blue chips, is expected to announce healthy 1994 protit growth next week thanks to property sales booked before the market slumped, analysts said yesterday. They are predicting net profit ranging between HK55.150 billion (*****
        Reuter  -  450 words
      • Article
        Lock icon Australia's heavy engineering group ANI posts 75% profit rise
        363 17 Bloomberg Business News SYDNEY Heavy engineering and manufacturing group Australian National Industries Ltd (ANI) yesterday said firsthalf net profit rose 75 per cent to A 552.1 million (5554.7 million). The result was swelled by a one-time tax-related gain of AS 16.1
        Bloomberg Business News  -  363 words
      • Article
        Lock icon Swiss Bank Corp's profit expected to plunge
        126 17 Reuter ZURICH Swiss Bank Corp (SBC), one of the country's bigthree banks, should report a sharp drop in 1994 earnings later this week, reflecting last year's slump in trading profits, banking analysts said yesterday. SBC will be the last of the big Swiss
        Reuter  -  126 words
      • Article
        Lock icon Goodman stake bought at bottom of price cycle: BIL
        295 17 Reuter WELLINGTON Brierley Investments Ltd chief executive Paul Collins said yesterday Bll.'s recent purchase of shares in troubled Australian food group Goodman Fielder Ltd was at the bottom of the stock's price cycle. He added that BIL paid an average price
        Reuter  -  295 words
      • Article
        Lock icon China Asset vows to fight move to close down fund
        391 17 Bloomberg Business News HONGKONG China Asset (Holdings), a Chinese-con-trolled investment fund, has vowed to fight a move by Regent Fund Management Ltd to have the fund closed down. "The board refutes this unwelcome attack by Regent and is in the
        Bloomberg Business News  -  391 words
      • Article
        Lock icon BHP Minerals plans further exploration in S America
        443 17 Reuter SANTIAGO BHP Minerals said it would increase exploration all over South America this year, confident that vast new lodes are waiting to be discovered and unfazed by recent financial turmoil in some countries. The Australian mining firm, a unit of the
        Reuter  -  443 words
      • COMPANY BRIEFS
        • Article
          Lock icon Barclays unit scales back on HK futures
          81 18 Bloomberg Business News HONGKONG BZW Far East, the investment banking arm of Barclays pie, has pulled its floor traders from the Hongkong Futures Exchange, a company official said yesterday. "We've cancelled executions on the floor and have brought the two staff up into
          Bloomberg Business News  -  81 words
        • Article
          Lock icon Nasdaq hires Nobel laureate Miller
          99 18 Bloomberg Business News NEW YORK The Nasdaq Stock Market, showing a new resolve to fight charges of price-fixing that for almost a year have clouded its reputation, hired Nobel prizewinner Merton Miller to help fend off the allegations. Prof Miller, an economics don at the
          Bloomberg Business News  -  99 words
        • Article
          Lock icon Philip Morris paid chief US$8.3m in '94
          53 18 Reuter WASHINGTON Philip Morris Cos Inc said on Monday that it paid its chairman William Murray a compensation packagc totalling US$B.3 million (5511.7 million) in 1994. Mr Murray was elected chairman in June and opted to retire in December. He was replaced by
          Reuter  -  53 words
        • Article
          Lock icon Good results expected for Hoogovens
          70 18 Reuter AMSTERDAM Metals group Hoogovens NV is seen revealing strong 1994 results tomorrow, completing the first stage of a rising profit trend, due to buoyant steel and aluminium markets and extensive restructuring, analysts said on Monday. Forecasts for the company's net profit in 1994 range
          Reuter  -  70 words
      • Article
        Lock icon Disney's TV chief may start or buy multimedia firm
        218 18 Bloomberg Business News BURBANK, California Walt Disney Co television chief Richard Frank, who announced his resignation on Friday, said he may start his own multimedia venture or buy an existing one. "I don't own enough of (Disney) to be an entrepreneur,"
        Bloomberg Business News  -  218 words
      • Article, Illustration
        Lock icon Clinton to sign order preventing Conoco's oil deal with Iran
        486 18 Reuter WASHINGTON President Bill Clinton, citing national security interests, was to sign an cxccutivc order yesterday preventing Conoco Inc from developing a huge offshore oilfield with Iran. CNN and industry sources said that although White House officials declined to confirm
        Reuter  -  486 words
      • Article
        Lock icon Nynex moves to open up its local phone market
        318 18 Bloomberg Business News ALBANY, New York Nynex Corp is to conduct a trial service in New York with AT&T Corp, MCI Communications Corp and Time Warner Inc, which would allow its customers to switch to a competitor without losing their Nynexassigned
        Bloomberg Business News  -  318 words
      • Article
        Lock icon Motorola to sell circuit boards with PowerPC chips
        261 18 Bloomberg Business News HANOVLR Motorola Inc. looking to challenge Intel Corp's dominance in the market for personal-computer microchips, said it will start selling pre-assembled circuit boards next month featuring its PowerPC chip. Motorola has signed agreements to sell the so-called motherboards to
        Bloomberg Business News  -  261 words
      • Article
        Lock icon Trafalgar seeking to make renewed bid for power firm
        238 18 Bloomberg Business News LONDON Trafalgar House pic said it has asked the regulatory Takeover Panel to waive rules preventing it making a renewed bid for Northern Electric pic. Trafalgar's bid lapsed on Friday after the Northern Electric board refused to give
        Bloomberg Business News  -  238 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon Bankers Trust share price plunges over doubts on outlook
        493 19 NYT NEW YORK The stock of Bankers Trust Co plunged 16 per cent on Monday as both employees and outside analysts expressed growing doubts about the ability of the onetime industry leader to turn itself around quickly. The drop in the
        NYT  -  493 words
      • Article, Illustration
        Lock icon Heavyweight coin
        48 19 AFP SYDNEY An As3o coin (left) containing one kilogram of pure silver being compared with an American quarter here yesterday. The proof mint featuring Queen Elizabeth II is currently worth more than US$2OO (Ss2B4) and is one of the largest silver coins in the world. AFP
        AFP  -  48 words
      • Article
        Bank Negara urges insurance firms to gear up for competition
        485 19  -  From Ho Kay Tat in KUALA LUMPUR MALAYSIAN insurance firms must gear up for direct competition from foreign insurers as the country slowly opens up its financial services sector, the central bank said yesterday. "To be able to service and
        485 words
      • Article
        Economists see decoupling of regional currencies from US$
        369 19  -  By Paul Leo SINGAPORE The weakening US dollar could prompt South-east Asian governments to reconsider the link between their respective currencies and the greenback, suggests a J P Morgan research report. Economists David Carbon and Bernhard Eschweiler say in the March 10
        369 words
      • Article
        Lock icon EU warned over state bailout of Credit Lyonnais
        336 19 AP PARIS Societe General, a major French retail bank, has warned European Union officials that a new state bailout for troubled Credit Lyonnais could distort competition in European banking. Economics Minister Edmond Alphandery was expected to meet the EU's competition commissioner, Karel
        AP  -  336 words
      • SMALL CHANGE
        • Article
          Lock icon Thai group in 2b baht debenture issue
          70 19 KnightRidder BANGKOK The Industrial Finance Corp of Thailand will issue debentures worth two billion baht (S$ 114 million) on March 21, the firm said yesterday. The debentures will mature in five years. A group led by Siam Commercial Bank was chosen from among
          Knight- Ridder  -  70 words
        • Article
          Lock icon Topdanmark insurance unit's net dives
          67 19 Reuter COPENHAGEN Danish insurance and banking group Topdanmark A/S said yesterday its insurance unit made a net profit of 79 million crowns (5519.8 million) in 1994, down from 372million in 1993. The unit will pay a dividend of 300 million crowns for 1994 to its
          Reuter  -  67 words
        • Article
          Krung Thai Bank ups savings rate
          32 19 BANGKOK Thailand's second largest bank, Krung Thai Bank, said yesterday it was raising its savings rate to 6 per cent from 5 per cent, effective today.
          32 words
        • Article
          Lock icon Profit of Dresdner derivatives arm slips
          63 19 Bloomberg Business News FRANKFURT Dresdner Bank AG, Germany's second largest bank, said on Monday that the 1994 net profit of its Banquc Internationale de Placement SA derivatives arm fell to 103.6 million French francs (5529.2 million) from 211.4 million francs a year earlier. BIP,
          Bloomberg Business News  -  63 words
      • Article
        OAC launches two insurance policies to mark 75th birthday
        364 20  -  By Soh Tiang Keng SINGAPORE Overseas Assurance Corporation (OAC) today launches two life insurance policies that come with a twist to mark its 75th anniversary. The policies are called Diamond Investment Special a single premium plan and Diamand Saver's Special an
        364 words
      • Article, Illustration
        Lock icon War on loggers
        65 20 AFP FORT MAGSAYSAY, Philippines An army soldier, his machine gun at the ready, scouting for illegal loggers yesterday from a helicopter circling the Minalungao National Park, north of Manila. Loggers use waterways to transport cut timber to secret pick-up points. The Philippine government stopped issuing logging licences
        AFP  -  65 words
      • Article
        Lock icon New Aussie wool futures contract off to a quiet start
        330 20 KnightRidder SYDNEY Trade in the new deliverable wool futures contract got off to an unspectacular but satisfactory start on Monday, according to a Sydney Futures Exchange spokesman. He said turnover of seven of the front August 1995 contracts is not
        Knight- Ridder  -  330 words
      • Article
        Lock icon Insurers face ballooning claims from natural disasters
        424 20 FT LONDON Big natural disasters are costing the world's insurance companies 14 times as much in real terms as in the 1960s as well as causing far higher economic damage, according to figures by Munich Re, the world's largest reinsurance company. The increased
        FT  -  424 words
      • Article
        Lock icon Vietnam's oil industry enters critical phase
        502 20 AP HO CHI MINH CITY Unless several newly found oil wells prove they hold rich reserves, Vietnam's petroleum industry could lose some of its lustre for foreign companies. Difficult drilling conditions, a shortage of large, proven oil fields and global competition for scarce investment
        AP  -  502 words
      • Article
        Lock icon Crackdown puts damper on Shanghai bond futures
        406 20 AFP SHANGHAI lough restrictions imposed on Shanghai's bond futures put the brakes on trading on Monday the first day of regular operations after the market was suspended last month. Only nine contracts were offered, with activity mostly limited to two contracts. Volume reached
        AFP  -  406 words
      • Article
        Futures lower on US petrol slump
        317 20 Bloomberg ENERGY REPORT LONDON Crude oil futures declined as US petrol values slumped amid concerns demand for the cleaner-burn-ing grade specified for delivery against the futures contract will diminish. On health grounds, the state of Wisconsin is spearheading a move away from the federal
        317 words
      • Article
        Lock icon New York
        97 20 AFP NEW YORK The dollar was mixed against other major currencies in busy early trading yesterday after the Commerce Department announced a fall in retail sales. At 1440 GMT, the dollar was trading at 1.4115 German marks against 1.4088 marks at Monday s close and at 90.95 yen
        AFP  -  97 words
      • Article
        Lock icon Currency Reports: London
        199 20 Reuter LONDON The dollar strengthened in Europe yesterday despite a weak set of US data as players pared long mark positions, dealers said. Growing suspicions the Bundesbank might trim interest rates at tomorrow's council meeting prompted a profit-tak-ing spree among mark bulls after the German currency's meteoric
        Reuter  -  199 words
      • Article, Illustration
        Lock icon Untitled
        1484 20 I rode-*ciifhuiJ index calculated against S'p*n'\ nip 14 trading pannei s Base year: 1985 USS/SS forward rates Noon /Mar 14 s$ Bid Offer 1-month 1.4101 1.4116 2-month 1 4058 1 4073 V month 1 4015 ***** 6-month 1.3912 ***** Sourir (X'BC Source: OCBC FOREIGN CURRENCY NOTE RATES As at 9am
        Base year: 1985  -  1,484 words
    • COMMODITIES & FUTURES
      • Article
        Lock icon Euroyen, Eurodollar futures mixed
        1353 21 SIMEX REPORT Reuter SINGAPORE Simex Euroyen and Eurodollar futures ended mixed in cautious trading. The lead December Euroyen contract closed at 97.82 against a previous close of 97.88. Volume was 9,045 contracts. September Euroyen closed at 97.90 against a previous 97.96 and June at 97.95 against
        Reuter  -  1,353 words
      • Article
        Rubber futures bounce back
        659 21 COMMODITY REPORTS Rubber SINGAPORE: Rubber futures rebounded from recent lows on bargain-hunting and fresh covering. encouraged by a recovery in Japanese markets, brokers said. The market again moved in sympathy with Tokyo." a European house's trader said. Bv 0945 GMT, April and May RSS3 rose 2.o<>
        659 words
      • KNIGHT-RIDDER COMMODITY SUMMARY
        • Article
          Coffee producers to check exports
          65 21 LONDON Producers of arabica type coffee announced on Monday that they will withhold 20 per cent of their exports when a composite indicator price for coffee is below 165 cents per pound. Delegates at a meeting of the Association of Coffee Producing Countries Producers agreed
          65 words
        • Article
          Japan cotton imports up 13.6%
          36 21 TOKYO Japan's customs cleared imports of cotton rose 13.6 per cent from a year before in February to 34,515 tonnes, according to a report issued yesterday by the ministry of finance.
          36 words
        • Article
          Galvanised steel output rises
          82 21 TOKYO Output of zinc galvanised steel rose 14 per cent from a year earlier to a preliminary 952.000 tonnes in February, the Japan Iron and Steel Federation said yesterday. But this figure is down 3.5 per cent from a revised January produc- tion of 986.500 tonnes.
          82 words
        • Article
          Record foodgrain harvest in India
          56 21 NEW DELHI India is seen harvesting a record 185 million tonnes of foodgrains wheat, rice, lentils and coarse cereals in the current 1994-95 (July-June) agriculture season, up from 182.1 million a season earlier, the government said yesterday. "It was an excellent year for agriculture." said
          56 words
        • Article
          Falconbridge assurance on output
          62 21 VANCOUVER Falconbridge Ltd. which last week had its main rail line out of its Sudbury. Ontario, division closed by a Canadian railway dispute, does not expect to curtail any nickel production. the company said on Monday. Canadian Pacific Rail placed an embargo late last week on
          62 words
    • Article
      COMMODITY PRICES
      1470 21 SICOM Futures Rubber (futures closing as at 5.30pm) RSS 1 Contract (S ccnts/kg) Close Volume Open Month High Low Sett (tonnes) Interest Apr 95 258.00 258.00 256.50 600 725 May 255.00 2625 Jun 250.00 2275 Jul/Sep 248.00 245.00 248.00 750 6525 Oct/Dcc 246.00 241.00 246.50 630 7305 Jan/Mar
      1,470 words
    • REGIONAL STOCK MARKETS
      • Article
        Australia
        1010 22 1.0 THE Australian share market closed fractionally higher yesterday after a lacklustre day of trade, brokers said. Ongoing uncertainty about interest rates, the currency and the government budget weighed on investors, as did key US data due out in the next few days, they said. The key All Ordinaries
        1,010 words
      • Article
        Manila
        587 22 •63.96 Philippine share prices plunged to a 17-month low yesterday, weighed down by a decline in the Dow Jones and concerns over the resumption of operations by Baring Securities Philippines Inc, analysts said. The PSE Composite Index declined 63.96 points, or 2.74 per cent, to close at 2,271.57. Volume
        587 words
      • Article
        Taipei
        574 22 •22X1 Taiwan share prices closed weaker but off lows on worries about the health of Chinese paramount leader Deng Xiaoping, and brokers said a narrow-range market consolidation would continue in the near term. The Weighted Price Index dropped 22.87 points to end at 6,480.31. Turnover remained a thin NT$3l.9
        574 words
      • Article
        Seoul
        475 22 +3.49 Share prices bounced back on the Korea Stock Exchange yesterday, helped by rises on banking and bluechips, brokers said. The Composite Price Index posted a narrow 3.49-point climb to close at 956.65 points in erratic trading. Trading volume retreated to 20.95 million shares valued at 455.27 billion won
        475 words
      • Article
        New Zealand
        308 22 -16.25 New Zealand shares declined as concern mounted about the Reserve Bank of New Zealand's latest economic forecasts due tomorrow, traders said. Highlighting the concern, Telecom Corp declined for the first time in six trading sessions. "It's been the one outstanding highlight," a broker said. "Now the buyers
        308 words
      • Article
        Bombay
        152 22 +55.05 Share prices shrugged ofT the Congress party setback in the recent regional polls to close higher on moderate speculative buying a day before presentation of the central budget, brokers said. The BSE Index climbed 55.05 points or 1.61 per cent to a provisional close of 3,465.13 while the
        152 words
    • WORLD STOCK MARKETS
      • Article
        Untitled
        719 22 Britannia Funds Sterling Cask Bid Offer Mim Cap Deposit 3» 6400 3« 6500 Mim iene* Gill 0 1*93 0 1992 Mini Mat Income *0 MOO «0 9100 I S$ Cash Income Plui Fund *9 7 000 *10 2200 PS J Reserve Fund 5 4200 5 4100 Stcrliag tqvily Euro Performance
        719 words
      • Article
        London
        625 22 +38.8 BLUE chips surged on optimism that weaker-than-ex-pected US retail sales and UK CBI retail survey figures for February would reduce near-term pressure for further increases in interest rates, dealers said. The FTSE-100 Index surged to close up 38.8 points at 3,050.6 on an upturn in trading volume. "The
        625 words
      • Article
        Paris
        135 22 +47.19 The Paris bourse skyrocketed yesterday because of a marked decline in US interest rates following an unexpected drop in US retail sales, traders said. The CAC-40 Index surged 47.19 points on the day, the biggest rise since Feb 5, 1993, to finish at 1,768.99 points. Alcatel Alsthom shares
        135 words
      • Article
        Frankfurt
        189 22 +48.36 German stocks surged higher in late trading, as the steady dollar fuelled a recovery among exporters' shares. The DAX IBIS Index closcd the post-bourse session up 48.36 points at 2,022.50, led higher by shares in Allianz AG Holding and Daimler-Benz AG. That's a 22-point rise on the floor
        189 words
      • Article
        Brussels
        212 22 +14.88 Belgian shares ended 1.16 per cent higher after the Bel--20 Index breached the 1,300-point resistance in a technical rebound in an oversold market with extra support provided by the stronger dollar, firm gains by bonds and futures and a new high on Wall Street. "It's a cocktail of
        212 words
      • Article
        Milan
        167 22 145 Italian stocks rose after five days of losses, buoyed by gains Europewide, and by optimism that a 20 trillionlire deficit-reduction package would pass in parliament. The budget vote, in the Chamber of Deputies, was scheduled for yesterday but will probably be delayed until today. "Today's bounce was based
        167 words
      • Article
        Amsterdam
        261 22 +1.48 Dutch shares closed up in a late afternoon flurry of activity in which shares were first boosted by US retail data and later retraced gains after disappointing US current account figures. The AEX Index peaked at 396.11 points but a larger than expected US current account sent the
        261 words
      • Article
        Stockholm
        122 22 19.91 Swedish stocks and bonds rose as the krona advanced against every major European currency after the central bank increased the benchmark money-market rate to 8.10 per cent from 8.05 per cent. The benchmark OMX Index of 30 leading Swedish stocks rose for the third session, climbing 19.91 points,
        122 words
      • Article
        Zurich
        217 22 +7.15 Swiss shares closed higher after a late rally inspired by US retail figures, which were lower than expected. Volume was low and a major portion of yesterday's trade was futures-driven, dealers said. But sentiment appeared to have improved as the dollar steadied and today could see rising prices.
        217 words
      • Article
        Johannesburg
        424 22 +30.3 South African shares closed off the day's highs yesterday as futures traders positioned themselves for today's closeout. But, dealers said the undertone was still positive following the abolition of the financial rand and with a better gold price. Today's national budget due for release in the after- noon
        424 words
      • Article
        Toronto
        235 22 -6.10 Stocks opened lower on a sinking gold price, offsetting a mild bond market rally. Dealers said the financial services sector ignored strength in bonds although Toronto-Dominion Bank was active at 20-1/2 in 313,000 shares traded. The TSE-300 Composite index was down 6.10 points at 4,171.81 in volume of
        235 words
      • Article
        New York
        825 22 +31.47 Stock prices were sharply higher in active trading early yesterday as buy programmes boosted early gains fuelled by the US dollar's stability and a bond rally following a weaker-than-expected retail sales report. The Dow Jones Industrial Average, which slipped 10.38 points on Monday, was ahead 31.47 points
        825 words
    • Article, Illustration
      Lock icon HONGKONG
      3102 23 AFP. UPI HONGKONG Stock prices fell slightly yesterday in cautious trading due to fears over interest rate rises, with the key barometer I lang Seng Index losing 16.69 points, or 0.21 per cent, to close at 8.094.58. Turnover thinned to HK.51.459 billion from the previous day's HK52.107 billion. "Most
      AFP.; UPI; Source: Bridge Info  -  3,102 words
    • Article, Illustration
      Lock icon CHINA
      610 23 CLSA TURNOVER in Hongkong slid as investors stood on the sidelines of the land auction results. Shanghai Petrochemical, up 1.1 per cent, was the most actively traded stock by institutional investors, accounting for 39 per cent of the total trading of HK.527.4 million. The CLSA H Index was down
      CLSA  -  610 words
    • Article, Illustration
      Lock icon TOKYO
      2585 23 Reuter. AFP TOKYO Stocks and futures ended a quiet day lower, battered by weak sentiment, traders said. Foreign selling pushed share and futures prices lower, as most domestic investors stayed on the sidelines ahead of the end of the fiscal year on March 31. "This market's just dying," said
      Reuter.; AFP; Source: Bridge Info  -  2,585 words
    • Article, Illustration
      Lock icon BANGKOK
      1833 23 Reuter BANGKOK Thai stocks recouped some ground before the market ended as local fund managers bought blue chips, but the market still closed lower, brokers said. The SET Index closed down 19.13 points to 1.155.54 after falling as low as 1.134.34 in the afternoon. A moderate 71 million shares
      Reuter; Source: Bridge Info  -  1,833 words
    • Article, Illustration
      Lock icon JAKARTA
      1178 23 Reuter JAKARTA Jakarta share prices drifted lower at the close on poor market sentiment. Brokers said share prices fell across the board, with selling in blue-chip counters such as Astra International. Indosat and Indofood keeping the market under pressure. Among the losers were Barito Pacific, which tumbled to a
      Reuter; Source: Bridge Info  -  1,178 words
    • Article
      CLOB INTERNATIONAL
      2067 24 Gr Gr iuoj oa |jsi Vol Day Ltsl Onole W* W* M Cap High law OOMMB) Sak- COOOI High lam ftiyer Seller Or P/t irnil MALAYSIAN STOCKS 412 73 m \1SB MX *>6 +6 1005 372 346 364 366 30 -2 9 0 3 5 206 77 5
      2,067 words
    • KUALA LUMPUR STOCK EXCHANGE
      • Article, Illustration
        Lock icon Stocks end lower on selling by foreign funds
        6407 24 AFP, Reuter KUALA LUMPUR Malaysian share prices closed broadly lower yesterday as players continued to tread cautiously amid uncertainty in worldwide financial markets, brokers said. The Composite Index fell 2.31 points to 929.71 from 932.02 on Monday. Turnover dipped to 98.88 million
        AFP,; Reuter; Source: Bridge Info  -  6,407 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        8075 25 I MAIN BOARD Gf Or M »l IW-4.95 I JIM Vol !)»> |j»t Quote Di» I»<* VM V" < «P „V« High Low ompant Nil* t'#l)0l High Ij>« Bu>m Seller C »r N P't Smil Price INDUSTRIAL AND COMMERCIAL '.ir I** ml i Acma50c 420 +2 SO 420 420 41*
        8,075 words
      • Article, Illustration
        Lock icon Investors mark time until US economic data released
        1925 26  -  By R Sivanithy SINGAPORE Uncertainty over the fate of the US dollar and interest rates continued to undermine interest in the local stock market yesterday, leading to a drying up of liquidity and lower prices across the board. Dealers said their clients
        Charts by Bridge Info; Source: Bloomberg  -  1,925 words
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      294 15 NEWS VALUE Fewer COEs in year from May but prices unlikely to soar (pg I) News has been anticipated. No immediate impact on dealers. Tokyo stocks languish amid talk of rate cut (pg I) A dampener on regional markets, notwithstanding any inspiration Wall Street may provide. Motor operations drive up
      294 words
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      56 16 Name: Age: Jr BIKIH F cr n iggg- I Postal Code: 88** Occupation:: Fax: RIKINFwHRBNr JI I L Subscription Period (Please tlckG/) Mail or fax this form to: •rhailand'sfirstinternamnotbil^^^■HffiJJS I 3Worths* $171.60 pS 6 Months at $343.20 Limited D 9 Months at $514.80 News&ntre fid Singapore 1334 Aflp LJ 12
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      144 17 At Federal Express we take a highly balanced view of all we do. Which is why we believe in shipping heavy freight with the same efficiency and speed as smaller packages. Simply because that's the way the real world operates. For example, what good is shipping a customer's software across
      144 words
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      464 18 VAN DER HORST LIMITED NOTICE IS HEREBY GIVEN that the Twenty First Annual General Meeting of the Company will be held at 11 Pandan Crescent, Singapore 0512 on Friday, 31 March 1995 at 10.00 a.m. to transact the following Ordinary Business:1. To receive and adopt the Directors' Report and Accounts
      464 words
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      Page 18 Advertisements Column 2
      127 18 B U S I N ESS TIMES NOTICES This announcement appears as a matter of record only o Jcmph JACK CHIA-MPH LIMITED (Incorporated in the Republic of Singapore) Rights issue of $72,671,247 principal amount of 3.5 per cent, unsecured bonds due 2000 ("Bonds") with 48,447,498 warrants ("Warrants") to subscribe for
      127 words
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      483 19 UNLOCK YOUR CREATIVE MANAGEMENT POTENTIAL I Creativity is an essential ingredient for success in individuals and organisations. It is a force which, if unleashed, would take them to new heights of success. Unleashing this latent creative power requires a mental process involving different quadrants of a brain a process best
      483 words
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      25 20 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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      68 21 Financial News A Quick Look At The IHL I Market! Call 24 hours a day for I I SES KLSE I I reports, I I market reports and business news. Cost: 30 cents a minute organ,sedby: INFlllline An SPH AudioTex Servicc Find a new owner for your apartment Make a
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      Page 21 Advertisements Column 2
      20 21 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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      218 23 What makes this clock The difference is unlike any other clock in the world night and day. rcr While some clocks claim to offer world time, only GEOCHRON shows 11] you complete global time in vivid colour. J <1 PHnBBBPWiWWWWWWWI Its everchanging. illuminated map actually replicates the earth's rotation Jm
      218 words
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      68 24 Mondial Takes a Shine to Ngee Ann City To add sparkle to your portfolio, come to the dazzling new Mondial Showroom. Mondial. Now at Ngee Ann City. For all your internationally certified 1 j G.IA, H.R.D and 1.G.1 diamonds, j emeralds and other gemstones. NEW SHOWROOM: Mondial Ngee Ann City
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      61 25 INVESTMENT OPPORTUNITIES DON'T ALWAYS START AND END ON THIS PAGE. At Citibank, you can prosper through a wide range of investments. Local and Foreign Currency Time Deposits, Unfixed Time Deposits, Foreign Currencies, Unit Trusts and more. Just call our 24-Hour CitiPhone Banking toll-free on (1800) 225-5225 for your share of
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      521 26 BUSINESS TIMES NOTICES TOLL-FREE TEL. No. 1-800-741-1883 FAX:74I-1298 This announcement appears as a matter of record only BANK OF AYUDHYA PUBLIC COMPANY LIMITED (incorporated and registered as a public limited company in the Kingdom of Thailand under the Public Limited Company Act B.E. 2535 on 28th September, 1993, Registration No.
      521 words
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      460 26 THE COMPAMCS ACT. CAP. 50 YOKOHAMA MANI FACTORING INDUSTRIES (S) PTE LTD < In Members' Voluntary I iquidationi At a general meeting of YOKOHAMA MANL EACTL'RING INDUSTRIES (St PTE LTD convened and held on 28 Eehruary. 1995 the lolloping Special Resolution was pasted SPECIAL RESOLUTION That the company he wound
      460 words
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  • Shipping Times
    • Article
      Austal Ships and China firm in A$10m catamaran deal
      280 27  -  By Alec Almazan SINGAPORE West Australian shipbuilder Austal Ships has clinched its 24th sale to China a Aslo million (5510.5 million) gas tur-bine-powered catamaran. The 40-metre, 40-knot catamaran will be built for the state-owned Shun Gang Passenger Transportation Corp. Delivery is
      280 words
    • Article
      Lock icon Third S'pore ship fined for polluting M'sian waters
      160 27 AFP KUALA LUMPUR The owner of Singapore-registered tanker MT Redwood was fined MS 15,000 (558,300) on Monday' after pleading guilty to charges of polluting Malaysian waters, Bernama news agency reported. It was the third Singapore tanker to be fined by the sessions
      AFP  -  160 words
    • Article
      Lock icon Newport News in tanker deal valued at up to US$300m
      334 27 Bloomberg Business News NEWPORT NEWS, Virginia Tenneco Inc's Newport News Shipbuilding on Monday said it signed a letter of intent to build tankers for American Marine Tankships valued at as much as US$3OO million (***** million). The agreement calls for
      Bloomberg Business News  -  334 words
    • Article
      Lock icon US citizens keen on cruise ship holidays
      213 27 Bloomberg Business News ORLANDO. Florida US citizens are showing more interest in vacationing aboard a cruise ship than in travelling to any single state, according to a recent survey. Of the 1.200 people polled by marketing firms Yankelovich Partners and Robinson, Yesawich Pepperdine
      Bloomberg Business News  -  213 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      1042 27 Page Col ABC Containerline 16 1 Able Shpg 7 4/5 Accord Group 8 1-3 •Ahlcrs Line 12 1 •Ahrenkicl Liner 4 1/2 •ANL 3 4/5 Antaco Mgmt 17 3 •APL 18 1/2 •Appenship 4 4/5 Arabian Express 15 4 •ASCL 5 5 Astro
      1,042 words
    • Article, Illustration
      Lock icon MISC steering a new course
      46 27 Reuter KUALA LUMPUR Malaysian International Shipping Corporation Bhd (MISC) managing director Ariffin Alias at the helm of a mock bridge in the MISC ship museum. MISC, a partly-privatised state-run company, is looking away from shipping for bigger and faster profits. Reuter
      Reuter  -  46 words
    • Article
      Lock icon Greek merchant ship sinks off Sicily, killing 3
      185 27 UPI ROME A Greek merchant ship sank on Monday in heavy seas off the eastern coast of Sicily, killing at least three crew members, Italian rescue ofiicials said. The 4,000-tonne pelhunter with 15 crew members on board went down at around midday
      UPI  -  185 words
    • Article
      Lock icon Two in dock as La Coruna tanker disaster trial opens
      213 27 AFP LA CORUNA, Spain A tanker captain and a senior port official went on trial here on Monday after one of Spain's worst oil spill disasters which deprived thousands of Spanish fishermen of a living. Captain Constantine Stavridis and La
      AFP  -  213 words
    • Article
      Lock icon EU suspends meetings with Canada over fishing dispute
      355 27 AP BRUSSELS The European Union on Monday suspended all formal meetings with Canadian officials to protest the seizure of a Spanish trawler in a worsening trans-Atlantic fight over fishing rights. "We have decided to block the dialogue with Canada in all fields
      AP  -  355 words
    • Article
      DAILY FREIGHTS
      1968 28 THE Baltic Freight Index rose 20 more points on Monday a new record at 2,196 highlighting the difficulties facing charterers of dry cargo tonnage worldwide. The situation is generally more acute in the Atlantic where it is rumoured U5537.00 has been repeated with combination for 52,000/5 heavy grains
      1,968 words
    • Article
      TRANSPORT DIARY
      182 28 COURSES Title: Shipping Law Disputes (SDF Case-by-Case Basis) Duration: Apr 5 May 17 Organiser Singapore National Shipping Association Tel: For further details and application forms contact SNSA Secretariat at 278-3464 or fax: 274-5079. 2? Title: Marine Insurance (SDF 50%) Duration: Apr 6 May 11 Organiser Singapore National Shipping
      182 words
    • Article, Illustration
      Lock icon Debate rages over state sales of shipping assets
      772 29 Interest in privatising shipyards has been rekindled by the need to save government money and belief that private ownership is more efficient. But the decisive factor should be whether it is in the best interests of the country Tradewinds PRIVATISATION has once
      Tradewinds  -  772 words
    • Article
      THE SHIPPING GUIDE THE SHIPPING GUIDE
      10956 36 This is a list of ships loading at I Singapore for ports around the r world. It tabulates, by destination, > the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. LEGEND
      10,956 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        597 39 Vessel Voy No Berth Arrival Departure Vessel Voy No Berth Arrival Departure Jurong Port Hamidah 6/95 P04 1503 2359 1603/1100 Angaisk 01 110 1503,0800 Hrtcia 24 P04 1403 1300 15 03/2300 Hdy 03 02 95 II atongside 1503 0300 Hong Soon ***** P04 14 03/2030 1503 0400
        597 words
      • Article
        CONTAINER SCHEDULES
        1744 39 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO 3 RECEIVING of export fcl containers and lcl cargo ____———I^ ——i^ j Record Booking/Balance RsJts Ship Voy No Etb/Btr Period From To From t m to Lily 060B 17/2359 3 15/0700 15/1159 15/1400 4 15/1200 15/1459 15/1700 <• M, rn*
        1,744 words
    • AIR AND LAND TRANSPORT NEWS
      • Article
        SilkAir, Sempati to launch joint S'pore-Lombok service
        281 46  -  By Alec Almazan SINGAPORE Silk Air and Sempati Air will launch a joint, non-stop service between Singapore and the Indonesian island of Lombok on March 28. Initially, a four-times-a-week service will be operated using a Silk Air Fokker 70 jet aircraft. This will
        281 words
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        Lock icon Buffett takes big write-down on USAir stock
        343 46 NYT CHICAGO After months of warnings. Warren Buftett, the nation's most famous investor, made it clfcar on Monday that his legendary patience had been worn down by the USAir Group's inability to reach agreements with its pilots and other unions to slash operating
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        Lock icon Japan firms in Indon train tie-up
        129 46 AFP TOKYO Japan's Sumitomo Corp and Nippon Sharyo have concluded a broad business tie-up with Indonesia's PT Industri Kereta Api over production and sales of train carriages, a spokesman said yesterday. Under the accord, the Osa-ka-based trading company and Japan's largest rollingstock maker will
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        Lock icon Romania's Dacia trundles on after 25 years
        431 46 Reuter PITESTI, Romania More than 25 years after it rolled ofT production lines in France, the shovel-nosed Renault 12 lives on in Romania as the übiquitous Dacia. Former communist dictator Nicolae Ceausescu was in one when he was caught trying to flee the
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        Lock icon Lufthansa to expand Indian operations and investment
        389 46 AFP NEW DELHI German flag carrier Lufthansa plans to expand its Indian operations and invest in the country's aviation infrastructure, its chief executive said here on Monday. Hemjoe Klein said Lufthansa was eyeing possible investment in India's airport expansion and modernisation projects. "If
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        Lock icon Dassault unveils its newest Falcon
        48 46 AFP MERIGNAC, France The latest Falcon model of Dassault Aviation, the Falcon 900 EX, being displayed on Monday in the French firm's hangar in Bordeaux-Merignac, south-western France. The Falcon can carry eight passengers over 8,400 km and costs US$26 million (Ss3B million). ArP
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          Lock icon Indon airline free flights reward
          107 46 AFP JAKARTA A small commercial airline company has awarded a lifetime of free flights to two men who stopped a man from setting a fire aboard one of its planes, an official said yesterday. "Their initiatives to scuttle the arson attempt merit to be honoured.
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          Lock icon Asia Motors mulls Brazil car assembly
          97 46 Reuter SEOUL South Korea's Asia Motors Co yesterday said it was considering setting up a car assembly plant and an auto-parts centre in Brazil. A company spokesman said the Brazil government proposed the idea when Asia president Cho Rae Seung visited Brazil recently. The
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          Lock icon Toyota chief to quit as Jama head
          92 46 Bloomberg Business News TOKYO Tatsuro Toyoda, president of Motor Corp, will step down from his public post as chairman of the Japan Automobile Manufacturers Association (Jama), citing health reasons, financial wire service Quick reported yesterday. Mr Toyoda. who has been hospitalised for treatment
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          Lock icon CP Rail strike worries grain growers
          85 46 Reuter MONTREAL Canadian wheat growers on Monday called for government intervention as a nationwide strike by 3,200 unionised workers at CP Rail System threatens to escalate to include another major union. The Western Canadian Wheat Growers Association (CWGA). whose 6.000 members account for about
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        Lock icon Chrysler faces California sanctions on used-car sales
        240 46 Bloomberg Business News DETROIT Chrysler Corp could be suspended from doing business in California for 10 days, after state officials accused the company of selling defective used cars. Such a ban probably would apply only to shipping cars into and within the state,
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        AIRCRAFT ARRIVALS AND DEPARTURES
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      96 27 Drager SAFETY EQUIPMENT m fl| J (SOLAS APPROVED) i PA9O MARINE "J Specifically Designed Bicathing Apparatus For Maritime Applications HIGH QUALITY'HIGH PERFORMANCE HIGHLY AFFORDABLE ffiPSSMBL Draeger South East Asia Pte Ltd 67 A yer Rajah Crescent #06-03 Singapore 0513 Tel: 773 2133 Fax: 773 2033 Tlx: RS ***** DWSING Debate
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      18 27 LAW PAGE Every Thursday in Business Times PLAY SMART Be part of the good life. Lifestyle. Everyday. BusinessEmes
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      1674 28 1 i omen dmbtinations ~1 i notrrn ammhica i DIRECT CALL TO WEST COAST (BC3Q fwMT COAST Of (StkrttoL «Mt»CA (MAIMAMTA SWVtCE) SINOAPCWt CAUFORMA EXPRESS jDWtCT FROM WCTT COAST; I |*rr |mwt u om n|n #a |nowtor| cmc "Tt memo wtkrw. IvtrlvT u feeder «mei Ila I*a Ittouet limjm Inc*
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      41 28 -*J i VJ 0 I oo o o LEAD t* BY EXAMPLE r- Bk IP For some of t If the best 2 J examples of Good Management. I I Enterprise Management. Every Monday. ft rp Business Times wtoamAm r» 9
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      741 29 I®-: SESH B Jfc UNIieBARAB BOO«NQIH:3aWI7M>W4»_j;., I*U s> <-'W m OS I jf :> SEALORD SHIPPING AGENCIES ***** I mlmi nn I ski kwi I auh I dmw 1 bah I~doh] ivoi/voy ■tm wd b«~| ivsuwy Sm _am XD_— I SXeDCIOTW gg *JJ 'JJ S SSS£?!L 5* S M I
      741 words
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      435 29 ANL ANL. IT'S AUSTRALIAN FOR SHIPPING TO AUSTRALIA (EAST COAST) I FROM AUSTRALIA (EAST COAST) Villi L/VOT *T PU MP Ml ITO ME I MIR NOA WHIUVOT Ml »Y0 MCI AUR MM JKT SGf] «8 ATEMAStiriS MM ISM IMS SMS HM MM MM A. AUSTRALIA MN SA/tS SAM IMS IMS
      435 words
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      1277 30 pWWBBMMMb— AOABA ROAM/ LE iv VESSEL VOYNO SPORE JEDOAH (VIA JED) STOW H'BUBO AV/ERP HAVRE KITANO 2yi, |i I^4 STUTTGART EXPRESS 08/310 152 jfczS==^==^=±=#==l=^= =f= 3==^^==i==^==^= _NYK3 01A13 29/4 27/4 V 5 LEVER KUSEN EXPRESS 23/313 8/4 17/4 22 KATSURAGI 26/114 13/4 |«UO«C»TimHIIIM """""ITT BRUNEI VIETNAM i WEST MALAYSIA EAST
      1,277 words
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      452 30 V I |)k 1 Spore PKelang Looting for I TORO 22/3 28/3 Rdm/Atw/UK/Nantea NANONAKUL 25/3 30/3 Rdm/AtwAJK/Nantes I Loads EVW. Mateyisa, Indonesia 1 I Loading for 1 SADAN KALKAVAN DubaMarvnarVKuwait I BUFFALO Jeddah/Aqaba/T npoti/ AJgena I PAN RISER Dubai/Darvnan/Kuwait/EtahrairVDoha I toads Singapore. EVW Malaysia. Indonesia I I Loading (or BILUEFAY
      452 words
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      1110 30 NORASIA WEEKLY DIRECT SAILING TO HONG KONG, BUSAN KEELUNQ ALSO ACCEPTINC 10 j m DALIAN, QINGDAO XINGANG (VIA BUSAN) SHANGHAI, CHIWAN HUANGPU (VIA HONG KONG) FOR MORE DETAILS, PLEASE CONTACT: MS TAN SEOW CHUAN MS YVONNE KON S-PORE GENERAL AGENT: NORASIA AGENCIES (S) PTE LTD I ALSOACCEPmQLCLTO: TIL: *****83 PAX:
      1,110 words
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      1448 31 H STRAITS SHIPPING PTE LTD 10 Hoe Chiang Road #11*01 Keppel Towers Singapore 0200 Tel: *****00 Fax: *****17 new guinea pacific line /Jrfgg service of china navigation co) ACCEPTS CaVBT v CARGO DUE SAiLS bZg C J NUGA IH-30 V9607E Muara La». KK 1516 M* 17 Mar ISMar n*. UX
      1,448 words
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      2809 31 W. Singapore Agent: I m A|l|' O 1 P&O Containers (Singapore Agencies) Pte Ltd A O 10 Hoc C hiang Road, #07-01 Keppel Towers, Singapore 0208 pQSPk First Class Connections WORLDWIDE PM,CSP F s 5327,222 75,7 EXPORT IMPORT VOY "MM 'PKO SIN SOU ANT «OT HAM OOT BRE LEM VOSB.
      2,809 words
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      464 32 cfo JOINT VENTURE Ain V>ly SAMUDERA INDONESIA SIR RICKMERS SINGAPORE CHINA OAS* SHUUH VOY 4MB OS «H QMGDAO GREEN ERA DRY DOCKING XWGANG SHANGHAI MJUCEMENT CAIL P.KELANG MJOCEMENT CALL HK, P GUOANG, BELAWAN, TG MAN WANGPU |'A UTAMA HARTA I y WEEKLY PULL COirrAIWeBSHIPFKDE^^^ VESSEL NAME VOY SIN KCH SIBU
      464 words
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      1287 32 HANJIN SHIPPING I BOOKING TEL:- *****35-237 OPERATION TEL: *****41-253 I SALES TEL:- *****30-233 DOCUMENT TEL: I FOR VSL SM IMF HAUL StA YVR PDX FOR VSL SjN I* JfJ. l HAN IN OAKLAND 02* 17/3 OMECI 6/4 7/4 8/4 HAN** POHANG ISCC 17/3 JL *JU i J! I HANJM VANCOUVER
      1,287 words
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      61 32 —SOON KIAT SHIPPING PTE LTD 3 SHENTON NAY #20 05/06 I—SHENTON HOUSt REGULAR SERVICE TO SARAWAK BRUNEI SPOKE Sri Pujut 05/95 Btn»uhj/M»i 24/03 Superior Glory 03/95 Port KeUnc 19/03 Maiu Yoni Hua 04/95 ftntiAi/Me. In Pt Recmn( c*|o it fm Pwjenf PTO4 »ccepfm| PCI and reefer container aid hejrytiti up
      61 words
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      Page 32 Advertisements Column 4
      1247 32 I NU SCP ISC MS 116 PUS MI OS* NOT SM TYO LAI 06 BAL NTC LHV NM UM TW «C PSD CMB PU KP M I GHll IN) 16/3 20/1 22/ I 24/J 27/1 21/3 29/J N/3 11/3 1/4 12/4 27/4 21/4 1/5 9/5 10/S 11/5 12/5 22/5 1/S
      1,247 words
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      2937 33 TO MOMBASA um PAR es-salaam P'l 6mmral Agntv Tut IC»nfO: *****00 Salm/BmUm£ Agntcr D»pt: A Contsinw- *****15 > ouiHHiuo r u /CmotW): 22C1RC6 CwriJ'Mr: 4M5141/144 CmMmt Src B/l: 4205M02 W*""* C—timir: f SHIPPING PTC LTD Tmin: ***** COSH IP Comvmttuml: *****50 Mfc ******5 jmcm« *****44 W. r »17-04 CKNtfll T
      2,937 words
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      Page 33 Advertisements Column 2
      744 33 FAMOUS CONTAINER LINES 80 ROBINSON ROAD. #22-02 SINGAPORE 0106 HOT LINE: *****33 (30 LINES) GOTHENBURG/SCAN 20/03 ROTTERDAM 20/03 AARHUS/COPENHAGEN 20/03 HAMBURG/BREMEN 20/03 MARSEILLE/FRANCE 17/03 FELIXSTOWE/UK 20/03 BARCELONA/SPAIN 24/03 LEHAVRE/FRANCE ***** GENOA/ITALY 18/03 ANTWERP/BELGIUM 17/03 LOS ANGELES/WC/IPI 17/03 SYDNEY/MELBOURNE 16/03 NEW YORK/EC 17/03 FREMANTLE/ADELAIDE 17/03 VANCOUVER 17/03 BRISBANE ***** TORONTO/MONTREAL 17/03
      744 words
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      1172 34 g VESSEL VOY SIN JKT ji VESSEL VOY WW PEN I WANA BHUM 271S Wad In Pt Sat 18/3 ,1 K QTA JADE JAQO47 Wad In Pt Fri 17/3 i SIN I BKK I BHATRA BHUM 73S Sal 1«/3 Ttw 21/3 GUWU BHUM 5043 Fri 17/3 Sat H/3 N Wtd
      1,172 words
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      Page 34 Advertisements Column 2
      962 34 79 ANSON ROAD, #21-01, SINGAPORE 0207 TELE: *****92 FAX: *****57 CR *****92<|)00h STRAITS SHUTTLE SERVICE P PORT KLANG PENANG VESSEL VOY SOI PKL VESSEL VOY I SX WN SEA LAUREL 370W 16 3 (THU) 17, 3 TBI) »OUR lAYA 14 3 (WED> l//f (FRT~ EAGIE BREEZE 195 A 16'3 (THU)
      962 words
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      900 35 Ssassfllg PACIFIC INTERNATIONAL LINES (PTE) LTD^ I 140 Cecil Street. #03-00 PIL Building, Singapore 0106. -1 SSSSSSSS Mm MiHV CR NO **********0E VESSEL VOY SIN CMS JW HOD JED AOJ AM PZU MSW ASA jjj| I I KOTA BERANI BRNISP IS/3 24/3 31/3 1/4 4/4 S/4 15/4 23/4 20/4 13/4
      900 words
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      Page 35 Advertisements Column 2
      945 35 KSSUS *0* It HAVM HAMBURG THAMES DO Fit ROAM ANTNtRf WLE DC tlTftH/i 10SN l»/03 oS'o< <7,04 09/04 10/04 11/04 W.LE DC I BRA LOW 22/03 10/ M 12/04 I*o4 15/04 lt/04 W.LE DC NORMA NOIN 71/03 21/04 23/04 24/04 25'04 W.LE DC CARMA COIN 0«/04 26/04 20/04 30/04 01/05
      945 words
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      Page 35 Advertisements Column 3
      603 35 BSA A MYANMA «BBk FIVE STAR LINE (Myanmar National Line) Loading for Yangon (Rangoon) S pore P.KIi Pen P Gd| PAGAN V2IBW IS/II Mar TFCHMAT PIONEER 17/20 Mar AVA Vl32* 11/20 Mar MYOMAYWA VISSW 28/30 Mar MALAYSIA AGENTS BOUSTEAO SHTfWG ASENCCS Kit TU 02 03 *****00 I*l TEL 02-03 *****67
      603 words
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      542 38 B^^RICHHEI^SARI!I^IGtIiCIt^S^T€LT^ TEL: *****33 (12 Lines) In* FAX: *****15/*****03 m TELEX: RS ***** RISHIP (3 Line*) CR NO.: **********0E Vmml Voy «TA Loading For Spoft And>n«t 38WB 16/04 Mombasa. Djibouti Asaab, Massawa Abbay Worn 43W8 18/05 Mombasa, Djibouti Aaaab. Masaawa I H FULLY CONTAINERISED REGULAR LINER SERVICE ACCEPTING BOTH FCL/LCL ALSO
      542 words
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      Page 38 Advertisements Column 2
      595 38 PI k AFGHANISTAN MAM Afghanistan Ltd., Hairatan. Torghundi. Islamqala (Doqharun) HreCfcewl c.i.s./russia: Alma Ata. Ashkhabad. Baku. Dushanbe. I a.. Irkutsk, Khabarovsk. Krasnoyarsk, Korsakov, Moscow Milltzer 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
      595 words
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      Page 38 Advertisements Column 3
      576 38 pjkflMN CONTAINER LINES, INC K^/V^rlAgents: MAC-NELS SPORE: *****22 (24 LINES) 3 V c/R Mo iaooe7soooo« SIBU (084) *****9 KUCHINQ (062) *****3 PCNANQ: (04) *****6 BANGKOK (662) *****67 MANILA (632) *****61 P.KELANQ: (03) *****77 JAKARTA: (21) *****07 SURABAYA: (31) *****0 ASIA HKG/TWN/BKKI GENOA/EUROPE PEN PKL SIN 5 SAKINGS/WEEK PEN PK SIN
      576 words
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      467 39 mM f m %s pr si SINO EXPRESS SHIPPING (PTE) LTD. MM I 11 COLLYER QUAY #06-01 THE ARCADE SINGAPORE 0104. g TEL: *****90 (4 LINES) FAX: *****98 TLX: R*****1 SINOEX t SINOTRANS SHANGHAI (CONTAINER SERVICE) SIN/HKG/SHAI SPORE HKG SHAI VESSEL VOY ETA I ETD ETA ETD ETA ETD w
      467 words
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      1260 39 [VESSEL *6 w HIT WW 9*U_JW ro_ IwH-KONG 1105 17 03 1(03* 15 03* MM o*o4 MM 02 04 J® |fj? HJ? JSJ? 2 03 0304 IPC AFRICA 3115 20 03 21.03 11.03* 30 03 09 M 10 04 12 04 13 04 20* OCIMOA MM 25 03 29 03
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      1588 40 pqiV.HiHU'k'fl U. S. A. /CANADA 3 TIMES A WEEK SL DEVELOPER V.9506 ETA SIN 20TH MARCH 95 MAGLEBY MAERSK V.9504 ETA SIN 21ST MARCH 95 LUNA MAERSK V.9506 ETA SIN 22N0 MARCH 95 Vessel Voy ETA I ETD DESTINATIONS Next Weak PANAMA Next Meek STH STRING MAQLEBY MAERSK V 9504
      1,588 words
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      784 40 MMloyd I FULL QNTAINER SERVICES I- £I_ «t w c»» hh mam m »oi o iMA iom it oi noj oj iin iim dm iin pm I V D NORMA HOI* »13 »0] N») It 04 21 M 2) 04 ?4 04 »04 o cama com 0104 o? 04 oio4
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      789 40 TO E. CANADA US ATLANTIC US GULF LOADING VOY SPORE P.KELANG HALIFAX N YORK NORFOLK N ORLEANS SAVANNAH TAMPICO HOUSTON HOEGH MIRANDA 0728 19/20 Mar 29 Apf 2 May 3 May 11 May 7 May 15 May 20 May HOEGH OCNE 0328 4/5 Apf 6/ 7 Apr 12 May 15
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      478 41 ORIENT LINE" JAPAN/BAY OF BENGAL/JAPAN SERVICE ACCEPTMG BREAKBU.K SOC CARGOCS 10 FROM K0« YOKOHAMA. NAGOYA, MO A. TOKYO*. MANN. A* DAVAO*. Penjnt" P Kelang Singapore E'Msia* KAMALEVERETT V2SE 18/19 Mar KARAKEVERETT V22E 22/23 Apr KAMALEVERETT V26E 07/08 May ACCEPTING BREAK BULK FCISOC CARGOES TO. FROM CHTTAGONG. CALCUTTA AND MONGIA* Smtapore
      478 words
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      198 41 111, GLORY NAVIGATION GROUP REGULAR LINER SERVICE TAIWAN TO SINGAPORE ASEAN SINGAPORE TO KOMPONG SOM •AT ATTRACTIVE RATES* CR NO: **********0W KAO SIN PKG PNG GLORY SELATAN VII 11/3 17/3 19/3 21/3 GLORY SELATAN X 9/3 15/3 17/3 19/3 SIN KAO GLORY SELATAN VIII 19/3 25/3 SINGAPORE ASEAN TO TAIWAN
      198 words
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      Page 41 Advertisements Column 3
      609 41 jdk PAKISTAN NATIONAL SHIPPING CORPORATION KARACHI BREAKBULK CONTAINER SERVICE sw kmachi SAHGOOHA 153 HW 17/03 27/03 MAKRAN 154 HW 22/03 01/0* HYDERABAD 139-HW 14/04 Z3/04 BOtAN 14«-HW 14/04 23/04 ■mucm oaf rain sumci to wucacin FAR EAST CONTAINER SERVICE ONLY VtSStl "voT SIN HKG BSN OS* NAG TO* HTDtRABAD 13«
      609 words
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      707 41 iiua'diiiyMuyui FULL CONTAINER SERVICE FRONI SIN TO MADRAS VESSEL/VOV ETA SIN ETA MAA MV BUNGA TERATAI V TERO3I 15-16,03 21 22/03 MV TIGER ISLANO V.133N 17-18 03 22-26/03 MV.PESTOVOV.It 20-21/03 26-27/03 MV TIGER BRIDGE V.319N 20-21/03 26-29/04 MV TIGER BAV V 1 34N 23 2S/03 29-02/04 MV SEA GALLANT V
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      315 41 SIN FAR EAST 21/3 KEELUNG/KAOHSIUNG 19/3 BANGKOK 19/3 MANILA,CEBU 20/3 JAKARTA/BELAWAN/SURABAYA 20/3 PORT KELANG/PENANG/E. MALAYSIA 19/3 BUSAN 19/3 TOKYO/YOKO/KOBE/NGO/OSA 19/3 HONG KONG S|N CHINA 19/3 GUANGZHOU/HUANGPU/SHENZHEN FUZHOU/XIAMEN/SHANTOU/SHEKOU DALIAN/SHANGHAI/XINGANG TIANJIN/QINGDAO/HAIKOU also accepting LCL cargo S|N EUROPE/UK 20/3 LDN/FLX/LVP/SOU 20/3 RDM/HAM/ANT/LEH/GOA/OSL/GOT/BCN also accepting cargo to Austria/ Hungary/Romania/Poland/Bulgaria/Czech. SjN USA/CANADA 17/3 LOS ANGELES/NEW
      315 words
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      1163 42 M 1 111 ]n! i. l 111 ui i- i rrnu i.mi[i)inui«.U[ii)»iM mm I* -•••"—rriunrriirinmiir--tnri-tr-!T- y- r Ifir '"if r»»f t ttt*< m i*>'"><• t' ••s fixed jjf L |j WEEKLY I SAILINGS el: 261-3595 ax Hi U a VMKBOURifi- ili j_| (n GP SHIPPING PTE LTD ||j i I
      1,163 words
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      Page 42 Advertisements Column 2
      405 42 Conform CONTERM FREIGHT (F.E.) PTE LTD. AUCKLAND 19 MARCH (Accepting to all N«w Zealand porta) PENANG 17 MAR JAKARTA 19 MAR PORT KLANG 20 MAR RANGKOK 19 MAR MANILA 19 MAR HONGKONG 19 MAR MELBOURNE 23 MAR SYDNEY 23 MAR RRISRANE 30 MAR FREMANTLE 23 MAR ADELAIDE 23 MAR I
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      1118 42 CONSOLIDATION TO BUSAN nmU tSS: d FIRST FORWARDER IN ASIA AWARDED OFFERING TWICE WEEKLY IM.^bylrqa LCL SERVICE TO BUSAN rih A Call SAN ISA at DID: 277 1058 \jL for bookings NOW!!! Tel: Fax: Sinuaporc 561 1668 272 9838 INTERNATIONAL SEA FROGHT rt FORWARDING Also has otliccs in.- and LOGISTICS
      1,118 words
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      1715 43 I W SUNSHIP AGENCIES PTE LTD I 20 McCallum Street #16-01/03 Asia Chambers Singapore 0106 Tel: *****22 (10 Lines) FAX: *****05 CR No.: *****8 200 00R S y.s.n. unr— I V——l Hong Kong Sing»pof P Krtang P»nang I- jupitef 06 S«it»d In Port 18-17/3 H h( ChW Of Chrofc— 48
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      Page 43 Advertisements Column 2
      408 43 /2§x CEYLON SHIPPING CORPN RslSn National Line of Sri Lanka (ON f MNtRIStI) SLRN 111 TO I K VM) NOR ril COM INL.N f\L PORIS inu I wt I »I go to |mm I w» mm «w t* HIIIIM MOW 17 3 71 3 «J 10 to maUHE o«3* 113
      408 words
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      Page 43 Advertisements Column 3
      802 43 I sex 'CALIFORNIA PEGASUS 29' eta sgp 22/03/95 I II rrr aI eta los amgeles 08/04/95 in oats H I AEX CALIFORNIA ZEUS 60E' ETA SOP 22/03/95 I ETA NEW YORK 15/04/95 IN 23 days I export imayoae cauroaiaa ixwee <eex> toi unw Canada VM«I >CP "los oak van ut
      802 words
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      1519 44 AMERICAN PRESIDENT LINES, LTD. 19 KEPPEI ROAD »Q2 01 JIT POH BUILOING SINGAPORE 0208 TEL: 225-9966 Fai 221-4922 >: TWICE WEEKLY TO FROM *UK/NORTH CONTINENT EUROPE* FOR ENQUIRY/BOOKING CALL 225-1-225 NORTH AMERICA CANADA WEEKLY CONTAINERIZED SERVICE Ckssl *OYAff r~ww m Fwi> 7~ mT m |«sstL:WT*g g«Tyt [OM imiTchTiw houT»TL I
      1,519 words
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      Page 44 Advertisements Column 2
      2302 44 ft AS AGENTS: "K" LINE (SINGAPORE) PTE LTD (CR NO: **********0M/GST RES NO: M2-*****99-S) TEL: *****77 TELEX: KAWAKI R*****5 FAX: *****16/7/8/9 WM* MALAYSIA "K" LINE MARITIME (MALAYSIA) SON BHD U M TEL: SA *****00 PK *****75 PEN *****20 JB *****01 PGU *****25/6 INDONESIA: P.T. SARANA LAUTINTERNUSA. "EL: JKT *****08 U
      2,302 words
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      471 45 4 HYUNDAI WESTBOUND TO EUROPE BKG: *****61 (TfU fpKE PGD VESSELS VOY SW RTM ANT LEH HAM BREJ FEL llsToi 17/03 IS/oT "OoMMANDCT 314W 20/03 07/04 09/04 08/04 09/04 09/04 11/04 22/03 24/03 25/03 $L MARINER 315W 27/03 14/04 16/04 15/04 16/04 16/04 18/04 29/03 01/04 02/04 H. HNOVATOR 314W
      471 words
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      Page 45 Advertisements Column 2
      398 45 STRAITS/ JAPAN/ STRAITS SERVICE MULTI PURPOSE I RORO CARRfR SPECIALIZE M HEAVY UFT CARGO UPTO 120 TONS RAMP CAPACITY UPTO 50 TONS In* |ti» VESSEL VOT SIN PK lOAOMG FOR ORANGE MOON (1 SID BANGKOK If/) HELICIA 24 SID If/3 BUANAN 11/3 COSMK PIONEER 43 SID IAKWIA 17/3. SURABAYA 20/3
      398 words
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      Page 45 Advertisements Column 3
      641 45 JEDDAH/UK/CONTNENT STORE CD RDAM HWJRG BMH S TON LEH Abo Accept** Catjo Fa ISOIIOYD AFRICA 3115 20/3 30/3 13/4 12/4 9/4 10/4 Southampton lo al UK destnatwi BHlajt and Dubfe LA SEINE 1115 23/3 1/4 10/4 12/4 14/4 Rsttndan Ic il Antmrp. Aimltidjm Olio Hthrti tEDIIOYD HBAA 3125 27/3 f/4
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  • Page 45 Miscellaneous
    • Miscellaneous
      Page 45 Miscellaneous Column 1
      309 45 TODAY'S TIDES (height in metres) HOUR 0000 0100 0200 0300 0400 0500 0600 0700 0800 0900 1000 1100 1200 1300 1400 1500 1600 1700 1800 1900 2000 2100 2200 2300 2.2 IS 1.4 1.1 1.0 0.9 1.1 1.5 2.0 2.5 2.7 2.7 2.5 2.0 1.4 10 0.7 0.5 0.5 0.7
      309 words
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