The Business Times, 16 March 1995

Microfilm: NL19815
Total Pages: 48
1 48 The Business Times
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  • Title Section
    Masthead
    12 1 Business Times MITA(P) 194/12/94 Thursday March 16 1995 WE KNOW ASIA 85*
    12 words
  • 2am LATEST
    • Article
      Lock icon Dow down 6 points
      66 1 Reuter NEW YORK One day after climbing to a record high, blue chips fell yesterday on news that raw material prices had taken their largest jump in 14 months during February. The dollar's renewed weakness also weighed on stocks. The Dow Jones industrial average was off
      Reuter  -  66 words
    • Article
      Lock icon Lockheed to merge with Martin Marietta
      42 1 Reuter CHICAGO Lockheed Corp yesterday said its stockholders had overwhelmingly approved its US$lO billion merger with Martin Marietta Corp, creating the world's largest defence company. The new company will be known as Lockheed Martin Corp. Reuter
      Reuter  -  42 words
  • Article
    MARKET SUMMARY
    173 1 Stock market indices Wednesday Change STII 2,076.52 +16.14 KLSEComp 937.32 +7.61 Nikkei 16,666.83 +421.01 Hang Seng 8,365.21 +270.63 SET Index 1,152.34 -3.20 Jakarta Corap 428.67 +3.45 Manila Comp 2,266.37 -5.2 Taipei WPI 6,555.19 +74.88 Seoul Comp 953.71 -2.94 Bombay BSE30 .3,399.19 -65.94 CLSA China B 809.89 -4.58 Aust
    173 words
  • Article, Illustration
    Lock icon Hong Leong plans to set up company to manage hotels
    586 1  -  By Conrad Raj SINGAPORE The Hong Leong group is planning to bring its hotels under its own management company. It is also finalising plans to build a 420-room hotel here costing over 5300 million which group chief executive Kwek Leng
    Photo by Arthur Lee  -  586 words
  • Article
    Ministry seeking to improve accuracy of budget estimates
    196 1 SINGAPORE The Finance Ministry is exploring ways to improve the accuracy of its budget estimates, Richard Hu told Parliament yesterday. Acknowledging that the large variances between estimated and actual figures were a problem, the Finance Minister said: "I agree that the accuracy
    196 words
  • Article
    Losses will not hamper Credit Lyonnais' growth in Asia-Pac
    285 1 SINGAPORE Huge losses suffered by French bank Credit Lyonnais will not derail its expanding operations in Asia, said a senior bank executive based in Singapore yesterday. Credit Lyonnais general manager for Singapore Andre Froissant told BT that there will be "no
    285 words
  • Article
    Danish bank settles $72m claims over letters of credit for Khamis
    405 1  -  By Conrad Raj SINGAPORE Denmark's Christiania Bank has finally settled about $70 million worth of elaims by HongkongBank and Standard Chartered Bank, putting an end to another ehapter in the life of fugitive Moroccan businessman Elyamani Khamis. Khamis. who
    405 words
  • Article
    Fed unlikely to raise rates much further: Allen Sinai
    579 1  -  By Vikram Khanna SINGAPORE With US short-term interest rates having doubled during the past >ear, the US economy has finally begun to cool. The Federal Reserve Board is noticing this, and is unlikely to raise rates much further, even though the
    579 words
  • Article
    Lock icon Dollar slips on concern over inflation
    119 1 Bloomberg Business News NEW YORK The US dollar \esterday fell after several US economic reports suggested that inflation could be about to accelerate at a time when mam traders think the Federal Reserve is unlikel) to raise interest rates anytime soon. "The dollar is
    Bloomberg Business News  -  119 words
  • Article
    HK, Tokyo stocks surge as investors return to Asia
    236 1 SINGAPORE Hongkong and Tokyo stocks stood out on a day which saw buying interest return to most Asian markets on expectations that the US economy was cooling and interest rates would not rise in the near term. The spark came from
    236 words
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      162 1 %),)}$~|%<,!"&(':=')}'_/%/$(.'& CONTENTS News Companies Spore News 2 Spore Msia 19.20.21 Regional News 3.4.5 Financial 23.24 World News 6.8 Features MarHets Analysis 17 Oob/KtSE. SES 2830 Editorial 16 Regional 26 Sports 13 World 27 rv/lifestyle 15 Currencies 24 Innovation 9 Smex/Commo .24.25 Subscription TH 1800-*****77 Fa« *****/5 BT Newsdesk Tel *****18
      162 words
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      24 1 Innovation: Pg 9 Camera-on-a-chip soon? MPs persist in seeking more concessions, Fg 2 Corporate earnings, Pg 19: IPC up 40% S'pore Aerospace down 19%
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      Page 1 Advertisements Column 3
      22 1 Hock Lock Siew: p K 19 Sharing the spoils could boost the market Paris probes possible fraud at Credit Lyonnais, Pg 23
      22 words
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      Page 1 Advertisements Column 4
      190 1 "TV 1 I I N I T T E Bottom Line: Pk is Are regional blocs thatsp&- Thais cut up-front payment for shares, Pg 20 US producer prices, plant output up in Feb, Pg 18 Indian budget focuses on free-market reforms to help poor, Pg 18 One could change your
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  • SINGAPORE NEWS
    • EYE on the ECONOMY
      • Article, Illustration
        Lock icon Blame it on the strong Sing$
        264 2  -  By Teh Hooi Ling WHOLESALE prices have remained flat, figures from the IX'partment of Statistics show. The Manufactured Products Pricc Index for February was 80.6 points almost unchanged from a year ago and the same as in January. In fact, the index which measures
        Source: Dept of Statistics  -  264 words
    • Article, Illustration
      MPs persist in seeking more concessions despite rejection
      802 2  -  In Parliament Yesterday By Ven Sreenivasan IT LOOKS like they won't take no for an answer. On Tuesday, Finance Minister Richard Ilu became "Dr No" as he politely but firmly rejected MPs' calls for more handouts and concessions. Hut yesterday, MPs continued
      802 words
    • PARLIAMENT BRIEFS
      • Article
        Use alternative to litigation
        131 2 GPC chairman for Law and Home Affairs Arthur Bcng callcd for the greater use of Alternative Dispute Resolution (ADR) as opposed to court litigation. He said ADR, which is similar to arbitration and mediation, leads to a fair, cost efficient and speedy way of solving disputes,
        131 words
      • Article
        Govt open to other forms of punishment
        155 2 THE government is receptive to the use of Community Service Orders (CSO) as a form of punishment besides fines, prison terms and caning. Prof S Jayakumar said the current use of Corrective Work Orders (CWO) as punishment for littcrbugs, where offenders have to
        155 words
      • Article
        Stifler measures for drug addicts
        70 2 HOME AFF r AIRS Minister Wong Kan Seng said that stifler measures would soon be introduced to deal with hard-core drug addicts. Replying to a query from Dr Beng, the minister said changes will be made to the law to enable the use of a
        70 words
      • Article
        Age limit of motorcyclists going up
        99 2 YOUNG Singaporeans might soon have to wait a few more years before getting their motorcycle licences. Mr Wong Kan Seng said the government will raise the minimum age for applicants of motorcycle licences although it has yet to decide what the new age limit
        99 words
    • Article
      Sharp drop in COEs of small cars, but prices higher in 5 categories
      448 2  -  By Ramesh Divyanathan SMALL-CAR quota premiums saw a sharp drop of more than $12,000 in the April round of tenders for Certificates of Entitlement (COE) to $10,200, the lowest in about two years. But except for this
      448 words
    • Article
      Select Committee accepts bankruptcy amendments
      313 2 THE Select Committee on the Bankruptcy Bill has accepted amendments that give the courts more discretion in discharging bankrupts, as well as those which require debts to have been enforceable in Singapore in the first place. In a report released yesterday, the committee said the
      313 words
    • Article, Illustration
      Lock icon Tap booming regional markets, BG Lee tells local retailers
      471 2  -  Industry urged to take advantage of govt schemes to cut costs, raise productivity By Teh Hooi Ling LOCAL retailers should tap the booming regional markets to continue to grow and remain profitable, said Deputy Prime Minister Lee Hsien Loong yesterday. They
      Photo by Chris Loh  -  471 words
    • Article
      Developers have 4 more weeks to seek property tax exemption for projects started before Mar 2
      235 2 THE Inland Revenue Authority of Singapore (IRAS) is giving a six-week grace period to developers who started foundation work on projects before March 2 but did not apply for property tax exemption. IRAS said
      235 words
    • Article
      Indian group plans US$140m oil-related projects here
      292 2  -  By Alec Almazan THE Gadgil Western Group of India is planning to establish a US$l2O million (S$ 169.7 million) oil refinery and a US$2O million oil jetty and storage terminal here. The investment will make the Pune, Maharashtra-based conglomerate the largest Indian investor
      292 words
    • Article
      Govt finds no basis to justify stay of execution for convicted Filipina
      194 2 THE government said yesterday there was no basis to justify a stay of execution for a Filipina maid convicted of a double murder. It said a letter from Philippine President Fidel Ramos to Singapore President Ong "Feng Cheong,
      194 words
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  • SOUTH-EAST ASIA
    • Article, Illustration
      Jakarta bourse chief re-elected at highly-charged meeting
      518 3  -  From William Chia in JAKARTA JAKARTA Stock Exchange (JSE) president-director Hasan Zein Mahmud has been reelected for a new three-year term in a controversial marathon meeting that started on Tuesday morning and ended in the early hours yesterday. The JSE meeting was called
      518 words
    • Article
      Four Seasons-Regent beefing up Asian presence
      333 3  -  By A J Leow SINGAPORE Luxury hotel chain Four Seasons-Regent Hotels and Resorts is gearing up for a bigger presence in the Asia-Pacific. Visiting officials of the Toronto-based hotel company said yesterday that the chain was close to finalising hotel deals in China, Vietnam,
      333 words
    • Article
      Lock icon Moody's rating upgrade a boost for M'sia: economists
      372 3 Reuter KUALA LUMPUR Moody's upgrade of Malaysia's foreign currency debt rating to A 1 from A 2 is a calming tonic after a rash of bad publicity about the country's widening current account deficit, economists said yesterday. But the stock market and
      Reuter  -  372 words
    • Article
      Lock icon Anwar urges IMF to assess impact of rising yen
      126 3 Bernama KUALA LUMPUR Deputy Prime Minister Anwar Ibrahim said yesterday the International Monetary Fund must play a constructive role in trying to assess the impact of the yen against all other currencies. He said the IMF placed too much focus on
      Bernama  -  126 words
    • Article, Illustration
      Lock icon High risk
      50 3 JAKARTA An Indonesian worker clinging to a concrete structure without a proper harness as he and his co-workers worked on an overhead expressway here on Tuesday. The toll road is among several being built to ease chronic traffic congestion in this city of 10 million people. Router Reuter
      Reuter  -  50 words
    • NOTE BOOK
      • Article
        Lock icon Indonesia sets out to boost rice stocks
        81 3 Reuter JAKARTA Indonesia is pulling out all the stops in raising this year's rice stocks, which fell to a record low in January and led to the removal of a government minister as head of a food crops regulatory agency. A spokesman for
        Reuter  -  81 words
      • Article
        Lock icon New Jakarta shaping up
        64 3 AFP JAKARTA Plans are underway for a multi-billion-dollar waterfront development in Jakarta, a project set to radically reshape the future look of the sprawling Indonesian capital. In an attempt to curb the city's continuing encroachment on valuable agricultural land to the south, the plans call for
        AFP  -  64 words
      • Article
        Lock icon Cambodia starts work on power plant
        37 3 Reuter PHNOM PENH Cambodia yesterday began building a US$4O million (SSS6 million) power plant designed to boost supply to the country's power-starved capital, the Industry, Mines and Energy minister said. Reuter
        Reuter  -  37 words
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      579 3 m In recent years, more local enterprises are establishing strong foothold in the Asia-Pacific a jit fc m m fci region and are active participants in the rapidly growing economies of the region. Among all I I—l I the ventures overseas. China has been a popular choice with these local
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  • CHINA/HONGKONG/TAIWAN
    • Article
      Ex-director of BMF in Carrian case gets 5 years
      495 4  -  From Lim Soon Neo in HONGKONG RAIS bin Saniman, the former Bumiputra Malaysia Finance Limited (BMFL) alternate director involved in the long-running Carrian case, was yesterday sentenced to five years' imprisonment. On Tuesday, Rais, 60, who was also the former head
      495 words
    • CHINA WATCH
      • Article
        Lock icon Direct Taiwan-China links seen in May
        85 4 Reuter TAIPEI Taiwan's communications minister yesterday said ships may be allowed to sail directly from Taiwan to China as early as May, effectively ending a ban on direct links between the two countries. Liu Chao-shiuan, Minister of Transportation and Communications, said the ships would
        Reuter  -  85 words
      • Article
        Lock icon China state firms face assets problems
        75 4 AFP SHANGHAI Dividing assets and properly managing them are the biggest problems facing China's ailing state enterprises, a report quoted an economics official as saying yesterday. Xu Zhiyi, director of the Shanghai Economic Committee, told a gathering of local authorities and officials from the
        AFP  -  75 words
      • Article
        Lock icon Beijing may impose inheritance tax
        76 4 AFP BEIJING China is considering introducing an inheritance tax to soak up the excessive wealth of the country's richest people and promote an attitude of "self-reliance", Beijing Youth Daily said yesterday. The paper said the move was part of plans by the State Tax Administration
        AFP  -  76 words
      • Article
        Lock icon Shanghai to ban disposable fast-food boxes
        62 4 UPI HONGKONG Shanghai plans to ban the use of disposable plastic fast-food boxes in five years to protect the environment of the country's largest city, official media reported yesterday. The Shanghai municipal government is drafting a regulation to levy a pollution fine on restaurants
        UPI  -  62 words
      • Article
        Lock icon Taiwan reserves hit new high of US$93b
        55 4 AFP TAIPEI Taiwan's foreign-exchange reserves hit a new high of U5593.2 billion (*****.4 billion) at the end of January, the Central Bank of China officials said yesterday. The January reserves, the second highest after Japan's, represent an increase of US$749 million over the
        AFP  -  55 words
    • Article
      Lock icon China's first private bank gets green light
      300 4 Reuter SHANGHAI China's first privately-owned bank has been given the go-ahead from Beijing to service flourishing small businesses starved of capital from state-run lenders. The Minsheng Bank will have registered capital of three billion yuan (*****.7 million). Jing Shuping. chairman of the All
      Reuter  -  300 words
    • Article, Illustration
      Lock icon Taiwan president orders supervision of KMT business empire
      259 4 AFP TAIPEI President Lee Teng-hui yesterday ordered high-level supervision of the billion-dollar business empire of his ruling Kuomintang (KMT) following corruption allegations. The overseeing task force comprised five KMT central standing members headed by former premier and central bank governor Yu Kuo-hua,
      AFP  -  259 words
    • Article
      Lock icon Beijing cracks down on piracy of Sega video games
      292 4 Bloomberg Business News TOKYO Chinese authorities raided seven locations in Beijing last week where counterfeit versions of Sega Enterprises' video games were manufactured and sold. Sega said in a press release from Tokyo yesterday. The raids, conducted by agents of China's
      Bloomberg Business News  -  292 words
    • Article
      Lock icon HK to get tough with copyright violators
      194 4 AFP HONGKONG Hongkong is to introduce tough penalties against copyright piracy to demonstrate its determination to combat infringement of intellectual property, a government official said yesterday. Trade and Industry Secretary T H Chau said the new bill would be introduced in the Legislative
      AFP  -  194 words
    • Article, Illustration
      Lock icon China-S'pore trade boosted via HK
      430 4  -  By Schutz Lee SINGAPORE China is a more important trade partner for Singapore than official statistics here suggest. Figures compiled by the Singapore Trade Development Board show that China is Singapore's 10th biggest source of imports and its 12th biggest export market. Hongkong trade statistics
      Source *Trade Development Board ** Census & Statistics Dep, Hongkong  -  430 words
    • Article
      China Strategic units sue Goodyear for US$1b
      226 4  -  From Lim Soon Neo in HONGKONG TWO subsidiaries of China Strategic Holdings Ltd (CSH) have filed a US$l billion (S$ 1.4 billion) suit against an American corporation. Goodyear Tire and Rubber, for pirating a factory. In an announcement here yesterday. CSH. run by
      226 words
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      Page 4 Advertisements Column 1
      255 4 Getting the right accommodation for the right guest can be tricky. cThe foremost question in our minds would be "What's the right price?". Luxury comes with a price tag. No frills typifies a cheap. Moderate would mean no confidence, (sigh) What about proximity, travelling and convenience? Would our guests prefer
      255 words
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      Page 4 Advertisements Column 2
      66 4 Fully and tastefully furnished executive office suites Complete, up-to-date business support facilities Full-time staff at your service Conference room, impressive reception area Flexible long/short term lease, very reasonable rates with absolutely no hidden charges Call us now...a visit will convince you Aif WORLD WIDE VW W BUSINESS CENTRE PTE LTD
      66 words
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  • REST OF ASIA
    • Article
      Lock icon South Korea sees exports underpinning robust growth
      447 5 Reuter SLOUL South Korea's central bank, reporting robust economic growth for 1994, said yesterday that brisk exports and soaring capital investment would continue to spur expansion in the dynamic economy. Provisional figures from the central Bank of Korea (BOK) showed the nation's gross
      Reuter  -  447 words
    • ASIA NOTES
      • Article
        Lock icon No study yet into merger: Exim Bank
        75 5 Knight-Ridder TOKYO The management of the Export-Import Bank of Japan has not yet studied the merits of a planned government merger with the Overseas Economic Cooperation Eund, said Exim Bank head Hiroshi Yasuda yesterday. The sudden announcement on Tuesday that the two state-owned
        Knight-Ridder  -  75 words
      • Article, Illustration
        Lock icon River diversion drying up Bangladesh
        121 5 Reuter DHAKA Indian diversion of water from the mighty Ganges has dried up one-third of Bangladesh, the official BSS news agency said yesterday. The agency blamed the Farakka barrage, which India built in the early 1970s along Bangladesh's northern border. "Farakka is not only creating
        Reuter  -  121 words
      • Article
        Lock icon Kim calls for broader reforms
        65 5 AP SEOUL President Kim Young Sam. returning from a European tour, yesterday called for more expansive economic reforms to help South Korea compete in the changing world trade environment. The two-week European visit, Mr Kim's first as president, has strengthened his belie! in South Korea's
        AP  -  65 words
      • Article
        Lock icon New Delhi urged to share tax revenue
        94 5 Reuter NEW DELHI India's federal government should share the revenue generated by all the taxes it levies, a panel of experts said on I uesday. In a report presented to the Indian parliament, the 10th Finanee Commission suggested that India's states should get
        Reuter  -  94 words
      • Article
        Lock icon Threat to withdraw Maori land deal
        102 5 Reuter WELLING lON New Zealand threatened yesterday to withdraw a proposed package to settle Maori land grievances in the face of overwhelming hostility to the plan. Prime Minister Jim Bolger told parliament there would he no point in approving the proposed NZSI billion (SS9I7
        Reuter  -  102 words
      • Article
        Lock icon Japanese machinery makers up prices
        85 5 Bloomberg Business News TOKYO Japan's major machinery producers will raise export prices to cope with the strong yen. the Nihon Kcizai newspaper reported yesterday. Murata Kikai, an unlisted company based in Kyoto, will raise prices of its textile machinery by 10 per cent. Horiba Ltd
        Bloomberg Business News  -  85 words
    • Article
      Lock icon S'poreans, M'sians, Indons leading investors in Perth
      229 5 AFP PKRTH Singapore, Malaysian and Indonesian investors have poured more funds into Perth's central business district than all Australian sources in the past tno years. Singapore interests spent Asl3s million (SSI4I million), Malaysians ASHO million and Indonesians A$lK million for a total of
      AFP  -  229 words
    • Article
      Lock icon New Maharashtra govt to review US power project led by Enron
      379 5 Reuter AFP Bloomberg Business News BOMBAY The new Maharashtra state government will investigate a power project being built by US companies led by Enron Corp. The Economic limes yesterday said Balasahcb Thakeray. leader of the Shiv Sena party, had
      Reuter; AFP; Bloomberg Business News  -  379 words
  • Page 5 Advertisements
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      294 5 ii i)c. cjitaf to Iwc a fC %)k Cwf iM kuj mj cdimk rwK 1 HP's Vectra VL2 PCs cost about energy. (No wonder they've earned and reliability, you get the peace of the same as clones, and come /*||fcl EPA Energy Star certification.) mind that comes with a 3-year
      294 words
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  • THE WORLD
    • Article, Illustration
      Lock icon Dini calls confidence vote to rescue emergency budget
      567 6 Reuter ROML Prime Minister Lamberto Dini yesterday called a confidence vote to rescue his emergency budget in a desperate gamble that will bring him down if he loses and could lead Italy to a snap general election. The former central banker, battling
      Reuter  -  567 words
    • Article
      Lock icon Russia's parliament passes 1995 budget
      422 6 Reuter MOSCOW Russia's parliament yesterday approved the 1995 budget and Finance Minister Vladimir Panskov said the decision meant Russia had moved on to a "civilised path of development". The State Duma (Lower House of parliament) approved the draft budget by 289 votes to 81 with
      Reuter  -  422 words
    • Article
      Lock icon Formation of Stability party shakes up Russian politics
      315 6 AFP MOSCOW Russian politics have been shaken up by the formation of a new party backing President Boris Yeltsin and growing speculation that upcoming parliamentary and presidential elections could be postponed. The Stability party registered officially this week as a new centrist
      AFP  -  315 words
    • Article
      Lock icon Strong mark changes interest rate outlook: Bundesbank economist
      213 6 Bloomberg Business News FRANKFURT Bundesbank chief economist Otmar Issing says the rise of the Deutschemark has changed the environment for short-term interest rates. "It is correct to say that the appreciation of the mark changes the constellation." Mr Issing said, in an
      Bloomberg Business News  -  213 words
    • Article
      Lock icon Unrest in Turkey triggered by economic woes
      154 6 Reuter ANKARA Turkish economic woes are largely to blame for spreading unrest across the country, including three days of bloody riots in the commercial capital Istanbul, analysts said yesterday. An armed attack on coffee houses in an Istanbul district, inhabited by members of
      Reuter  -  154 words
    • Article
      Lock icon Washington stresses importance of continued aid programme for Asia
      451 6 AFP WASHINGTON The US administration has underlined the importanee of aid to Asia, saying that eonlinued support from Washington would help boost US exports, preserve seeurity and boost demoeraey. "The assistanee proeess. though very modest in this region as eompared to
      AFP  -  451 words
    • Article, Illustration
      Lock icon Clinton 'sporks' fun at Republicans
      58 6 Reuter WASHING I ON US President Bill Clinton holding up a 'spork', a combination of a spoon and fork, as part of a joke during his speech at the Radio and TV Correspondents Dinner yesterday. The spork was Mr Clinton's concession to Republicans as condensed
      Reuter  -  58 words
    • WORLD WATCH
      • Article
        Lock icon Dassault accused in Belgian scandal
        78 6 AFP BRUSSELS Dassault Industries, the French aviation manufacturer. paid USS2 million (SS2.B million) into Flemish Socialist Party funds to help win a 19X9 contract from the Belgian airforce. according to advocates for former party secretary Etienne Mange yesterday. Mr Mange's lawyers said Dassault made its
        AFP  -  78 words
      • Article
        Lock icon Chirac to be president: poll
        122 6 Bloomberg Business News PARIS The mayor of Paris and former president and founder of the Rally for the Republic Party. Jacques Chirac, will be elected president in the April/May election, an opinion poll showed. The poll released yesterday showed Mr Chirac's popularity as a candidate
        Bloomberg Business News  -  122 words
      • Article, Illustration
        Lock icon Trial by proxy
        61 6 Reuter ALGIERS Masked Algerian feminist Soraya testifying in plaee of a woman killed by Muslim fundamentalists on Tuesday at a moek tribunal. The symbolic tribunal, organised by a feminist movement, condemned to death five Muslim leaders charged with the slaughter of more than a hundred women and
        Reuter  -  61 words
      • Article
        Lock icon Fewer unemployed in Britain
        69 6 Reuter LONDON British unemployment fell 21.400 in February to 2.36 million, or 8.4 per cent of the workforce, the 13th month in succession that the jobless total has fallen. Official figures yesterday showed the volume of retail sales, a key indicator of economic activity in Britain,
        Reuter  -  69 words
    • Article
      Lock icon UK retailers report gloomiest sales in more than two years
      297 6 FT LONDON Intense competition in the UK high street and lacklustre consumer demand left retailers reporting the gloomiest trading conditions for more than two years last month. A Confederation of British Industry monthly survey showed that almost half of the
      FT  -  297 words
    • Article
      Lock icon Clinton's objections provide escape route for Conoco
      422 8 Bloomberg Business News WASHINGTON Conoco Inc cancelled its agreement to develop two offshore oil and gas fields for Iran after the White House announced on Tuesday that President Bill Clinton would sign an order blocking the USSI billion (551.41 billion) contract. The order
      Bloomberg Business News  -  422 words
    • Article, Illustration
      Lock icon Republican tax cut package clears house panel
      438 8 AP WASHING I ON Republicans in the US House of Representatives pushed their "Contract With America" tax cuts through the Ways and Means Committee after Democrats declared the package hopelessly flawed and abandoned efforts to change it. Democrats on Tuesday offered a single
      AP  -  438 words
    • Article, Illustration
      Lock icon Sitting pretty in the rain
      53 8 Reuter COALING A, California A semi trailer truck in the middle of a flooded lettuce field near Coalinga on Tuesday. Flooding during heavy rains has caused over I SS3OO million (***** million) in damage to California's agriculture. The lettuce crop was the worst hit, losing
      Reuter  -  53 words
    • Article
      Lock icon Argentinians to pay 3.55b pesos more in taxes to settle debts
      379 8 Bloomberg Business News BUENOS AIRES Argentina on Tuesday announced 3.55 billion pesos (SSS billion) of new taxes to ensure the country can pay its foreign debt and avoid a devaluation of the currency. The new taxes come a day
      Bloomberg Business News  -  379 words
    • Article
      Lock icon Key industrial nations agree on currencies, economic policy
      256 8 AFP PARIS Top monetary and economic officials of key industrial nations yesterday recorded "areas of very important agreement" on the economic outlook and the latest swings on currency markets. US Treasury UnderSecretary Larry Summers said here yesterday. Speaking as chairman of a
      AFP  -  256 words
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      333 6 I HFfflline An SPH AudioTex Service ENGLISH NUMBER Children's Funland London Bridge 910 0001 Usborne Book Line Burying The Vampire 910 0002 Horse Racing Results 911 0001(*) 4D/Sweep/Toto I To to Draw No 955 911 0002(«) Tele-Games Mrs Wizards's Crystal Ball 8 911 0003 Crack The Safe Mensa Line Brain
      333 words
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      352 7 As you may already know, Digital has beaten everyone always outperform them by a margin of 400 billion percent, else to 64-bit computing, which, among other things, offers Sometimes, the margin is only a few hundred percent. 4 billion times the data addressing capacity of current Or a few tens
      352 words
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      469 8 OtraoersejJie (SOonders of Lifestyle exclusive Jryv M f^J>7 3 7. ft fr, Jr ingenuity. In the passage of time, they stand c proud and strong, like silent sentinels o guarding their countries of origin, outlasting c 1' i-' s* A empires and dynasties...weathering sand- 1 Vj—--^-storms, windstorms and the elements.
      469 words
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  • INNOVATION & TECHNOLOGY
    • Article, Illustration
      Get ready for the camera-on-a-chip
      600 9  -  A chip is ottering exciting opportunities in imaging to US companies, reports Larry Armstrong Larry Armstrong SINCE the *****, camera makers have dreamed of a oneehip eamera containing all the components necessary to take a snapshot or make a movie. With all the smarts on
      600 words
    • Article, Illustration
      Lock icon Millions at risk over iodine deficiency
      435 9 AP IN THIS era of acrimonious debate about what goes into intelligence, it may be a surprise to hear that in China alone. 480 million IQ points have been lost for want of a simple chemical costing less than a dime a person each
      AP  -  435 words
    • IN TAKES
      • Article
        Lock icon Audio system to perk up bored workers
        75 9 UPI NEW YORK Maintaining concentration while performing routine, boring tasks has always been a problem for both workers and employers. Based on its research in human concentration enhancement through sound. Ma/.da has developed an audio system and accompanying software it says will perk
        UPI  -  75 words
      • Article
        Lock icon Laser device gives silkier skin
        104 9 UPI NEW YORK Dermatologists can now use lasers to create more youthlul skin. Ihe silktouch laser vaporises fine lines and wrinkles and freshens the skin surface to create a softer silkier appearance. Physicians can also use the device after a facelift or eyelid surgery to
        UPI  -  104 words
      • Article
        Lock icon Hearing aid adjusts volume for user
        109 9 UPI lOKYO I here are a lot of decibels between a hushed whisper and a slamming door. A new digital hearing aid will be able to tell the difference between them and automatically adjust the volume to suit the listener. Japan's Industrial Science and
        UPI  -  109 words
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      Page 9 Advertisements Column 1
      154 9 Even The Price Is Straightforward. r -f* I i I I J? <w<y 1 hm A /Kyvvv* PgW/w 1799.W The Brother Laser HL-631Wiih Straight Paper Path Technology. For Faster Printing, No Paper Jams. n The affordable Brother Laser HL-6.i1, perfect for small offices, comes loaded with In addition, the professional
      154 words
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      Page 10 Advertisements Column 1
      581 10 11M ffl K*XA J I »Tfjf »1 kTS with na^M lflflHi invariably come^M some the in 23 countries. His distinctive Spread majestically across 900 acres of lush, rolling tropical Lumpur >, tested, its particle size rigorously analyzed to provide a to create a different feel for the player countryside at
      581 words
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  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      484 11 The Jack Nicklaus Course The Gary Player Course had such a beautiful piece of land to work The course will combine the inherent tranquillity with that the natural elevations were guaranteed of the land with holes reward the skills of the to captivate the eye with terrific views. weekend golfer
      484 words
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  • THE LAW PAGE
    • Article, Illustration
      Lock icon US tobacco industry in test of survival
      812 12  -  Gail Appleson looks at why the latest lawsuits have a higher chance of success than the earlier cases Gail Appleson Reuter THI: US tobacco industry has never paid out a cent for smokers' health claims, hut a huge class action nicotinc case and
      Reuter  -  812 words
    • Article
      There's one lawyer to every 1,000 Singapore citizens
      284 12 AT THE SINGAPORE With 2.649 local practitioners those holding practising ccrtificatcs issued by the Law Society Singapore has about one lawyer to I.(HK) citi/ens. In comparison, the ratio of lawyers to citizens in Indonesia is one to 22 million, in Thailand it
      284 words
    • Article
      Useful tool for technical minefield
      164 12 LAWYERS looking for help on understanding and enforcing judgements need look no further than a new book Enforcing Injunctions by \lban Rang. In the book, published bv Butterworths Asia and selling at $98. Mr Rang shows that enforcing an injunction can be a tricky business.
      164 words
    • Article
      Timely book on commercial disputes in China
      149 12  -  By Chew Farn Chyi ANOTHER new book. International Arbitration in the Peoples Republic of China commentary, cases and materials, sets out to explain how commercial disputes are handled in that country. The book by two Chinese lawyers and a Western lawyer practising in
      149 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      463 12 FINANCIAL DERIVATIVES Corporate Applications Controls 28 March '95 Westin Hotels 8.30 am to Board Federal Reserve) recognises that some derivatives are complex instruments that, if not properly understood and managed, can pose risks to individual users Alan Greenspan, Chairman, Board of Governors of the Federal Reserve System. "Derivatives often get
      463 words
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      Page 12 Advertisements Column 2
      118 12 Appointment Ads Help You Find The Right Candidate How far do you have to go to see the biggest range of industrial innovations? Over to Hannover the world's biggest industrial fair every every specialist innova* are the order of the doy. tabs IHHHH progress means meticulous database to compiled and
      118 words
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  • SPORTS
    • Article, Illustration
      Singapore pros to get second go at Laguna's Masters Course
      315 13 Golf SINGAPORE The Laguna National Golf Country Club has decided to invite several top Singapore professionals back for a "return match" following disappointing scores in the second leg of the Singapore Golf Circuit earlier this month. The high scores at
      315 words
    • Article
      Lock icon Sri Lanka thrashes NZ for first test win overseas
      442 13 Reuter NAPILR. New Zealand Sri Lanka chalked up its first test win on foreign so«l yesterday as New Zealand capitulated to the spin of Muttiah Muralidharan and the seam of Chaniinda Vaas. The New Zealanders. resuming at 139 for four and
      Reuter  -  442 words
    • Article, Illustration
      Lock icon It's an Italian-German affair for UEFA Cup semi-finals
      587 13 European cups roundup AFP PARIS The UEFA Cup semi-finals on Tuesday served up an intriguing struggle between Italy and Germany the strongest nations in the history of European football. Italy's Parma and Juventus join Germany's Borussia Dortmund and Bayer Leverkusen in tomorrow's
      AFP; Reuter  -  587 words
    • SIDE LINES
      • Article
        Lock icon British Open to have women officials
        86 13 Reuter LONDON The British Open golf championship at St Andrews in Scotland in July will have women officials for the first time, the Royal and Ancient Club (R and A) said on Tuesday. Lli/abeth harnshaw. a member of the British Women's Ciolf Union rules
        Reuter  -  86 words
      • Article, Illustration
        Lock icon Uplifting victory
        58 13 AFP MAR DLL PLATA. Argentina Cuba's Pablo Lara straining his muscles on Tuesday as he lifted 207.5 kg during the clean and jerk section of the 76 kg competition at the 12th Pan American Games. Lara set a new world record in that section tor his weight class,
        AFP  -  58 words
      • Article
        Lock icon Tyson wants quiet release from jail
        80 13 Reuter INDIANAPOLIS. Indiana Former boxing champion Mike lyson seeks to leave prison quietly on Saturday, prison officials sa\. but fellow heavyweight and recent visitor Riddick Bowe wants him to return to the ring with a bang. The Indiana Department of Corrections said on Tuesday
        Reuter  -  80 words
      • Article
        Lock icon US soccer body reveals TV plans
        100 13 AP NbW YORK The US Soccer Federation announced on Tuesday the largest television package in its history which includes coverage of the US Cup '95 tournament this June. US Cup *95. which will feature the US. Colombia. Mexico and Nigeria, starts on June 11
        AP  -  100 words
      • Article
        Lock icon Becker in tennis promotion deal
        101 13 AFP BONN lions Becker signed a three-year contract worth almost USS7 million (559.9 million) here on Tuesday to promote tennis in Germany. The desl did not commit the world No 3 to playing Davis Cup for Germany although Becker said he was ready to represent
        AFP  -  101 words
    • SCORE CARD
      • Article, Illustration
        Basketball
        230 13 NEW YORK NBA on luesdav: Orlando 95 Utah 107; Philadelphia 107 Houston 136: Washington 93 Chicago 106: NY 94 Denver 74: Milwaukee 99 Charlotte 86; San Antonio 115 Minnesota 100: Phoenix 116 Detroit 109: Portland 121 Miami 114: Seattle 113 Boston 93: Sacramento 90 Dallas 91. Standings (\N I.
        230 words
      • Article, Illustration
        Golf
        66 13 VIRGINIA WATER, England PGA Kuropean lour mono leaders after eight tournaments (x-denotes mm tour member): I x-Fred Couples (US) USS2BO.OOO 2 x-N'ick Price (Zim) 143.845 3 Robert Karlsson (Swe) 138.816 4 Alexander Cejka (Ger) 134.157 5 Mark James (Eng) 114.985 6 Colin Montgomcrie (Scot) 108.800 7 Jarmo Sandelin (Swe)
        66 words
      • Article, Illustration
        Soccer
        66 13 PARIS European quarter-final second leg matches on luesda) LEE A Cup: Juvcntus (Ita) 3 Eintracht Frankfurt (Ger) 0 (Juvcntus qualify 4-1 on aggregate): Borussia Dortmund (Ger) 2 Lazio (Ita) 0 (Borussia win 2-1): Odense (Den) 0 Parma (Ita) 0 (Parma win 1-0): Nantes (Fra) 0 Baver Lcvcrkuscn (Ger) 0
        66 words
    • Article
      Lock icon Rugby unions urged to decide on key issue of payment for players
      591 13 Reuter BRISTOL. England The rugby union establishment has five months to find a solution to a century-old problem or risk seeing the sport hijacked by commercial interests. This stark warning was given to the International Rugby Football Board
      Reuter  -  591 words
    • Article, Illustration
      Lock icon Will Rockets' new chemistry give them another NBA title?
      694 13  -  Ailene Voisin wonders whether the team can make a comeback before Jordan returns Ailene Voisin AP ATLANTA If You-Know-Who wasn't off kicking up dirt with his baseball cleats, the Chicago Bulls and Houston Rockets might have met in the 1993-94 NBA
      AP; AFP  -  694 words
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  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      1001 14 Noll rnig Beats A Bud. Hicffifl where t wine, dine and entertain IllßiMiii L Homecooked I jjp 10 Varieties of Pasta PS m| 20 different sauces a I And all-time Italian favourites J rVS. JgS antipasti, pizza and puccia. -*0 L PASUFRESCAOASALVATOREmiTD mm I *30 Boat Qjb/, S(0104) (Open 84
      1,001 words
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      Page 14 Advertisements Column 2
      287 14 yi&y 17 to 26 March 1995 Pine Court Here's a chance for you to sample cuisine from Chengde's Ching Dynasty Summer Palace. Experience the way game and poultry are prepared Chengde style, and savour dishes specially created by our guest chefs from Chengde City. For more information, please call 831
      287 words
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  • LIFESTYLE
    • Article, Illustration
      Spoilt for choice
      721 15  -  Singapore International Film Festival Confused by the many festival offerings? Susan Tsang suggests ways to sort out the movies Susan Tsang POSTAL bookings for the Singapore International Film Festival have just started, and the time has eome to puzzle over whieh of the 88 movies to see.
      721 words
    • Article, Illustration
      Lock icon Allen grabs a Gorilla
      283 15 CHATTERBOX AP UPI UPI AP TIM ALLEN has taken the 360 kg Gorilla Award in a report by TV Guide and Entertainment Tonight that rates the most powerful stars on television. Their eriteria? His high-rat-ed TV show. Home Improvement. his best-selling book. Don't Stand 100 Close
      AP; UPI  -  283 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      443 15 WHERE TO WINE, DINE AND ENTERTAIN 1 Olde English Eating House 277 Orchard Rd #02-38 Specialists' Centre S (0923) vrtwrnw jjj jjfl When you spend $25/- or more at Fosters for lunch or afternoon tea from Mon-Sat, show us your valid daily or monthly CBD pass $2/- will be refunded.
      443 words
  • Page 15 Miscellaneous
    • Miscellaneous
      Page 15 Miscellaneous Column 1
      441 15 WEATHER Singapore: Showers over several areas in the afternoon. Temperature (24-32*) Asia-Pacific M/IV Cond Euro?* W/U* Cond I Buenos Arfes 26 16 T s'urm Auckland 21/11 Srowers Amsterdam 06 03 Sncoers Cn<*o 1102 Cloudy Bar o.ok 36-24 Cloudy Athens 1304 Cloudy Honolulu 27 20 Cloudy Org 11/02 STowers Bertn 06
      441 words
    • Miscellaneous
      Page 15 Miscellaneous Column 2
      697 15 TV RADIO Great Castles Of Europe, JL 9.30pm, Ch 12 A trip to Bavaria to see r I Ncuschwanstcin castle, which At jL formed the basis for the Dis- if/mi ney castle. Architecturally, it's j i a wonder. King Ludwig. who 1| built also a wonder 'I he nearly bankrupted
      697 words
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  • Article
    Paying more for water
    535 16 EDITORIAL I T was a timely warning to Singaporeans from Trade and Industry Minister Veo Cheow long that the demand for water in Singapore might exceed the existing supply within six years if nothing is done. Domestic reservoirs currently produce 100 million gallons of water a
    535 words
  • WHAT THE OTHERS SAY
    • Article
      Lock icon The reforms will continue
      243 16 The Straits Times March 15 THL BUDGET that India's Finance Minister Manmohan Singh will present today may be even more important politically than it is economically. For it will reflect Prime Minister Narasiniha Rao's response to a political scenario that could hardly look more bleak. Mr
      The Straits Times March 15  -  243 words
    • Article
      Tackling juvenile crime
      183 16  -  Berita Harian THE STUDY being conducted by the Criminal Investigation Department (CID) on juvenile delinquency is timely and important. This is particularly so in the light of an escalation in the number of arrests and the scope of youth crime. Although most of the youths were nabbed
      183 words
    • Article
      Open up the skies
      144 16  -  Lianhe Zaobao I HERE ARE BARRIERS to the growth of tourism in the region. In order to protect their own inefficient airlines from competition, some countries have imposed limits on airline access, routes and prices on foreign airlines. The aviation industry in an important link in
      144 words
    • Article
      Lock icon Don't evade responsibility
      220 16 Malaysian Business Times March 14 RICHARD KIRKLAND. the global editor of Fortune, came to the defence of the publication on Friday, saying that the magazine's article on the ringgit in its March 6 issue lAfter Mexico. W ho's Next?) need not necessarily reflect its editorial views. His
      Malaysian Business Times March 14  -  220 words
    • Article
      Lock icon Terror in Karachi
      118 16 Bangkok Post March 13 THE GOVERNMENT of Pakistan faces a major battle in trying to subdue the serious violence which has engulfed Karachi and given the country an international black eye. Prime Minister Benazir Bhutto must balance the twin policies of force and reason. Governments must assure
      Bangkok Post March 13  -  118 words
    • Article
      Lock icon Building bridges
      112 16 Eastern Express March 14 THIS WEEK'S visit to Beijing of Donald Tsang. the financial secretary-designate, under an exchange programme to improve mutual understanding between the mainland and Hongkong, gives rise to the hope that, at long last, some progress might now be made along this sadly booby-trapped and
      Eastern Express March 14  -  112 words
  • Article, Illustration
    Tokyo starts looking more benevolently at Yangon
    866 16  -  Japanese investment in Myanmar lags well behind that of other Asian countries. Anthony Rowley reports on Tokyo's efforts to change that situation Anthony Rowley The writer is BT's Tokyo Correspondent JAPAN appears to bo hastening to resume lull economic ties with Myanmar in
    866 words
  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      269 16 t IN-DEPTH BUSINESS NEWS FROM SINGAPORE PERSPECTIVE [jjj Business has covered the local and regional business scenes with more depth J Mr/Mrs/Miss/Ms ___Occupat.on j and breadth from a perspective which is J company more relevant to local businessmen than Dept: Age: 1 any other publication. Some may call it Te,:
      269 words
  • Page 16 Miscellaneous
    • Miscellaneous
      Page 16 Miscellaneous Column 1
      31 16 (oJpfTcu this J (sblT DOU>N TV*RT MRN V" i dont 3- n cm'UJTin kjmmtii in »nm DOONESBURY GARRY TRUDEAU V f R NI6HT Of- THE- SOUL.. Wm rJ&r \HECK.TM g» wSr
      31 words
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  • ANALYSIS
    • Article, Illustration
      Freer skies can mean an economic boom
      1414 17  -  An NUS study has calculated the loss in tourism, trade and investment to Thailand and the Philippines resulting from restrictive aviation policies. The author of the study tells Agnes Wee developing countries should liberalise air services despite possible short-term pain Agnes Wee Developing
      1,414 words
    • Article
      Getting Baltimore all excited about Singapore
      1055 17  -  L«on Hadar reports on a recent conference highlighting the republic's attractiveness as a trade and investment centre Leon Hadar The writer is HT'.s Washington C orrespondent Baltimore, the largest city in the American state of Maryland, is a case-study of sorts accentuating the economic
      1,055 words
  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      92 17 EN-BLOC SALE BY TENDER PRIME CBD OFFICE SPACE NO. 70, ANSON ROAD (excluding 26 to 28th storeys) SLf Freehold 31 strata units fc Office space of about jpljj Car park space of Jk&T §IJ Typical floor plate of Near Tanjong Pagar MRT Station f 7 m. FT sfj—» A 1
      92 words
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  • Article
    Lock icon Indian budget focuses on free-market reforms, programmes to help poor
    461 18 AP NEW DELHI The government yesterday vowed to carry forward its free-market reforms, but also unveiled programmes for the poor that were aimed at silencing its critics. Ignoring shouts and jeers by opposition legislators. Finance Minister Manmohan Singh, who began
    AP  -  461 words
  • Article, Illustration
    Lock icon Preparing for a disaster
    49 18 AFP SEOUL Office workers running for shelter in central Seoul yesterday during a nationwide anti-disaster drill, held for the first time here in the wake of a devasting earthquake that hit western Japan two months ago. About 10,000 people took part in the drill. AFP
    AFP  -  49 words
  • Article
    Lock icon US producer prices, plant output up in Feb
    470 18 Bloomberg Business News WASHINGTON Producer prices rose in February at the same modest rate as in January, even as US factories were operating last month at their highest rate in 15'/2 years, government figures released yesterday showed. Taken together, the reports suggest
    Bloomberg Business News  -  470 words
  • Article, Illustration
    Barings chief offered to resign last week
    219 18 AMSTERDAM The chairman of collapscd merchant bank Barings offered to resign last week but had been asked to stay on by new owner Internationale Nederlanden Groep NV, a spokesman for the Dutch financial giant said yesterday. "Mr (Peter) Baring is considering his position
    219 words
  • Article
    Lock icon China approves telecoms licences for new HK firms
    260 18 Reuter Bloomberg Business News HONGKONG China has finally given its approval to the award of telecommunications licences to three new Hongkong phone companies, signalling an end to Hongkong Telecommunications' monopoly of the business. Beijing took about nine months to endorse the Hongkong
    Reuter; Bloomberg Business News  -  260 words
  • Article
    Lock icon Japanese regional banks to honour bailout pledge
    270 18 AFP TOKYO Japan's 64 regional banks will stand by a pledge to support a state-led scheme to bail out two near-bankrupt credit unions at the centre of a massive loan scandal. Takashi Tamaki. head of the Regional Banks Association. yesterday said the group
    AFP  -  270 words
  • Article, Illustration
    So, what's the big deal about regional trade blocs?
    798 18  -  The Bottom Line LESTER THUROW LESTER THUROW The writer is professor of management an J economics at the Massachusetts Institute of Technology. He contributed this comment to BT REGIONAL trading groups, the wave of the future, today look more like the
    798 words
  • Article
    Japanese demand for gold soars in wake of Kobe earthquake
    412 18  -  From Neil Behrmann JAPANESE demand for gold is surging this year in direct response to the Kobe earthquake. "Fearful of the earthquake's consequences. Japanese individuals are buying gold for security." said Kerr Cruikshanks. chief executive. Far East, of the World
    412 words
  • Article
    Lock icon WTO envoys given 10 days to pick new chief; Italian is front-runner
    381 18 Reuter, AP GENEVA Envoys to the World Trade Organisation (WTO) yesterday set a 10-day limit to choose a long-term chief for the new body and Italy's Renato Ruggiero emerged as the firm favourite. The envoys also asked current
    Reuter,; AP  -  381 words
  • Page 18 Advertisements
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  • COMPANIES & MARKETS
    • EYE on your STOCKS
      • Article, Illustration
        MARKET MOOD
        168 19 Mixed Market Atood' indicates the likely trading sentiment today, based on brokers polled at 5-6pm yesterday. Overnight events may alter sentiment Brokers polled: Alliance. Credit Lyonnais Securities. Daina. Fraser, GK Goh. Kay than. Morgan GrenjeU, OngCo. Nomura. Phillip. Smith New Court. H I Carr and SG Warburg. NEWS
        168 words
      • Article, Illustration
        HOT STOCK
        109 19  -  By Paul Leo SUPERIOR Metal Printing has been trying to break its resistance at $1 for the past six weeks without much success. Volume was a strong 209,000 units yesterday six times more than the 10-day average of 35,000 shares. But with other technical factors being neutral, the
        109 words
    • Article
      IPC's profit surges 40% on strong demand for products
      412 19  -  By David Mok SINGAPORE Computer maker IPC Corp yesterday reported a 40.1 per cent jump in net earnings to $72.31 million for the year ended Dec 31, 1994. This was slightly higher than analysts' average expectations of $70.8 million as collated
      412 words
    • Article
      S'pore Aerospace earnings down 19%
      411 19  -  By Rahita Elias SINGAPORE Singapore Aerospace, part of the Singapore Technologies group, yesterday announced a disappointing set of figures for 1994 and expects 1995 to be another difficult year. The company, which plans to set up more overseas facilities, said that group net earnings fell
      411 words
    • Article, Illustration
      Lock icon DBS sets up one-stop centre for individual investors
      301 19 SINGAPORE DBS Bank has stepped up its efforts to tap the potential of the individual investor. The bank said yesterday it had set up an investment centre, dedicated to meeting the needs of individual investors, and increased the number of stock trading
      By Arthur Lee  -  301 words
    • Article
      Sharing the spoils could boost the market
      848 19  -  HOCK LOCK SIEW By R Sivanithy SINGAPORE Traditionally, investors have bought Singapore and Malaysian stoeks for one main reason to make capital gains. Rarely do they choose a counter on the basis of whether the company pays dividends consistently or at all. Corporate
      848 words
    • Article
      CDL Hotels hoists pre-tax profit 78%
      286 19  -  By Lee Han Shih SINGAPORE CDL Hotels International has turned in a set of much-improved results for 1994 and hinted that it will do even better in 1995. The company, a Hong-kong-listed subsidiary of Singpaore property giant City Developments Ltd, hoisted pre-tax profit 78.4
      286 words
    • Article
      Suspension requests point to release of OUB results
      152 19 SINGAPORE Three listed companies in Overseas Union Bank Group yesterday asked for a suspension of trading of their financial instruments today. The companies did not say why they were seeking suspension but they are expected to release their full-year 1994 results today.
      152 words
    • COMPANIES
      • COMPANY BRIEFS
        • Article
          Informatics to franchise school
          99 20 SINGAPORE Informatics Holdings Ltd (IHL) will transfer its computer training school operations here to its wholly-owned subsidiary. ICS Pte Ltd. IHL said yesterday this would enable it to become an investment holding company and franchisor providing management services to companies within the group and to franchise
          99 words
        • Article
          Cam to pay dividend on March 31
          46 20 SINGAPORE Cam Mechatronics' first and final Malaysian tax-exempt dividend of 10 per cent for the financial year ended Sep 30. 1994. w ill be paid on March 31, 1995. if approved at the annual general meeting on March 21.
          46 words
        • Article
          General Securities' NTA backing
          26 20 SINGAPORE General Securities Investments said yesterday that its unaudited consolidated net tangible asset backing per share was 52.06 at Jan 31. 1995.
          26 words
        • Article
          Accolade for Creative CD-ROM
          48 20 SINGAPORE Creative Technology's award-winning CDROM, .4 Brief History of Time by Stephen Hawking: An Interactive Adventure, has been named Best CD-ROM Literature in the inaugural Digital Hollywood Awards. It has also been nominated for a 1995 Software Publisher Association (SPA) Cody Award for excellence.
          48 words
      • Article
        Lock icon FCC may be buyer of 11.2m Yeo Hiap Seng shares
        199 20 Reuter SINGAPORE A block of about 11.2 million Yeo Hiap Seng Ltd (YHS) shares was crossed in late trading at about $4.10 and $4,031 yesterday. Brokers could not say who did the deal but one senior dealer said several parties
        Reuter  -  199 words
      • Article
        UNIT TRUSTS & FUNDS
        598 20 UNIT TRUSTS FUNDS Managers' prices Mar 16 US Cir Fund 0 099** Singapore Unit Trust UOB Asset Mgt Ltd The Commerce 1.57 1.66 Unifund 1.30 1.36 The Savings Fund 1.40 I 48xd IJmbond 1.015 1045 S pore Prog Fund 0.57 0.61 United Cir Fund' 1.54 160 S pore See Fund
        598 words
      • Article
        Pernas set to be privatised in buyout, reverse takeover deal
        491 20  -  From Ruth Wong in KUALA LUMPUR STATE-OWNED investment arm Perbadanan Nasional Bhd (Pernas) is set to be privatised via a complex deal involving a management buyout and a reverse takeover of a listed firm, sources say. The Kuala Lumpur rumour
        491 words
      • Article, Illustration
        Golden Hope nets M$93m at half time
        386 20  -  From Ho Kay Tat in KUALA LUMPUR THE sharp run-up in palm oil prices last year helped boost the bottom line of Malaysia's biggest oil palm grower. Golden Hope Plantations Bhd. Its group net profit for the half-year ended Dec 31, 1994, surged
        386 words
      • Article
        Kumpulan Emas to buy 2 sawmills with guaranteed M$100m profit
        324 20 KUALA LUMPUR Kumpulan Emas Bhd yesterday announced plans for a Msl3o million (Ss72 million) purchase of two sawmills whose owners guarantee will generate a pre-tax profit of Msloo million over a 40-month period. The two firms are Sanbumi Sdn Bhd
        324 words
      • Article
        LKN posts 24% rise in net earnings
        256 20 SINGAPORE Property and construction group Lim Kah Ngam (LKN) ended the year below expectations, reporting a 24 per cent increase in group net earnings to $21.21 million for the vear ended Dec 31, 1994. Analysts polled by The Estimate Directory had forecast a
        256 words
      • Article
        Prima profit down 11.6% to $8.2m
        249 20 SINGAPORE Locally listed milling group Prima said yesterday the strong Singapore dollar and losses by group companies led to a drop in profit last year. Net earnings for the 12 months to Dec 31 fell 11.6 per cent to $8.2 million. Turnover increased 3.1
        249 words
      • Article
        Inchcape Bhd to sell its office automation business
        286 20 SINGAPORE Trading group Inchcape Bhd will sell its office automation division to a joint venture formed by its London-based parent and office supplies group Gestetner. The 50-50 joint venture Inchcape NRG announced in London yesterday will combine the existing Asia Pacific distribution
        286 words
      • Article, Illustration
        Lock icon Thais cut up-front payment for shares in bid to prop up bourse
        496 20  -  From Loh Hui Yin in BANGKOK IN another bid to prop up the stock market which sank to a 17-nionth low on Tuesday the Thai authorities will allow investors to buy shares with less cash up front. From
        Source: Bloomberg  -  496 words
      • Article
        Cosco Investment plans to list ADRs, also eyeing London market
        406 20  -  By Quak Hiang Whai SINGAPORE China-con-trol led Cosco Investment Singapore plans to list American depository receipts. Banking sources yesterday said the Singapore-listed company 60 per cent owned by the giant China Ocean Shipping Co was also considering issuing equity-related paper
        406 words
      • Article, Illustration
        Lock icon Qantas registers 79% rise in half-year net profit to A$128m
        586 21 Bloomberg Business News SYDNEY Qantas Airways, which is 75-per cent owned by the Australian government, yesterday said net profit in the first half rose 79.5 per cent, largely on a big increase in its share of the domestic passenger market.
        Bloomberg Business News; AFP  -  586 words
      • Article
        Australia-listed China company Neptunus' earnings jump 58%
        498 21  -  From Florence Chong NEPTUNUS International Holdings, one of seven China stocks on the Australian Stock Exchange, yesterday announced a 58 per cent jump in profit. The company reported net earnings of almost As 4 million (554.2 million) and turnover of A 516.3 million.
        498 words
      • Article
        Lock icon Peter Woo to step down as Wheelock chairman
        156 21 Bloomberg Business News HONGKONG Peter Woo will step down as chairman of Hongkong conglomerate Wheelock and Co next year, a move that reduces the day-to-day control of the family of the late shipping magnate Y K Pao. Mr Woo, who is Mr
        Bloomberg Business News  -  156 words
      • Article
        Lock icon China fighting bid to break up HK-listed fund
        527 21 Bloomberg Business News HONGKONG In its first brush with slash-and-burn capitalism, the Chinese government is preparing to fight a Canada-based fund manager's effort to break up one of its Hongkong-listed investment funds and sell the pieces. The fund's manager China Venturetech Investment
        Bloomberg Business News  -  527 words
      • Article
        New World to take big stake in Parkway's Lee Hing Dev
        454 21  -  By Lee Han Shih SINGAPORE A sharc-and-asset swap proposed yesterday will make Hongkong's giant New World group the second biggest shareholder of Lee Hing Development, a Hongkong-listed company that is 42.7 per cent owned by listed Parkway Holdings of
        454 words
      • Article
        Lock icon Citic says chief has quit because of age
        120 21 AFP BEIJING The president of the China International Trust and Investment Corp (Citic). Wei Mingyi. has resigned "because of his advancing years", a spokesman for the Chinese state-run conglomerate said yesterday. Mr Wei, 74, announced his decision "several days ago" and informed
        AFP  -  120 words
      • Article
        Lock icon Brierley Investments plans to stalk undervalued joint ventures in Asia
        415 21 Reuter WELLINGTON Brierley Investments, lone wolf among a dying breed of Australasian corporate raiders, plans to stalk undervalued joint ventures in Asia after a spree of recent share raids in Australia and New Zealand. The Wellington-based investment concern's chief executive
        Reuter  -  415 words
      • Article
        Lock icon French govt probes possible fraud at Credit Lyonnais
        467 23 Bloomberg Business News PARIS French Prime Minister Edouard Balladur has ordered an investigation into possible fraud at Credit Lyonnais, the stricken French state bank. "Everything will be done to punish any of those people who are responsible and who can be identified,"
        Bloomberg Business News  -  467 words
      • Article
        Lock icon Bankers Trust CEO's pay halved to US$4.8m
        238 23 Reuter WASHINGTON Bankers Trust New York says its chief executive officer Charles Sanford received U554,813 million) (556.78 million) in compensation in 1994, a decrease of more than 50 per cent from the roughly US$lO million package awarded in 1993. "Consistent with the corporation's
        Reuter  -  238 words
      • Article
        Lock icon Schroders posts flat profit, plans stock split
        213 23 Bloomberg Business News LONDON Schroders pic yesterday said pre-tax profit for 1994 was virtually unchanged at £195.4 million (*****.7 million) and announced a thrce-for-two stock split. The UK investment bank and fund management company also said it was raising its year-end dividend to
        Bloomberg Business News  -  213 words
      • Article
        Lock icon Profit-hungry banks may threaten weakened Japanese stocks
        520 23 Bloomberg Business News TOKYO There's a perennial spring fashion in corporate Japan that involves selling ofT stocks to spruce up a battered balance sheet. Traders call it windowdressing and this season, they say, the Japanese banking system's financial cosmetics may come at the
        Bloomberg Business News  -  520 words
      • Article, Illustration
        Lock icon Got a yen for an American car?
        72 23 AFP TOYOHASHI, Japan A pack of Ford Taurus cars and other US vehicles are parked at the landing area of Toyohashi port upon their arrival on Tuesday. The first batch of 583 US cars arrived for the first time since US dollar hit
        AFP  -  72 words
      • Article
        Lock icon Swedish insurer hit by world market volatility
        215 23 Reuter STOCKHOLM Scandinavia's biggest insurer. Skandia Insurance Co Ltd. announced an operating loss for 1994 on Tuesday, blaming dramatic fluctuations in world financial markets, especially the US bond market. Skandia said its insurance operations showed strong growth, non-life insurance and reinsurance almost doubling
        Reuter  -  215 words
      • Article
        Lock icon Swiss Bank Corp registers 41% profit fall
        401 23 Bloomberg Business News ZURICH Swiss Bank Corp yesterday said 1994 net profit fell 41 per cent to 811 million Swiss francs (***** million), at the low end of market forecasts, due to a loss in securities trading. SBC. the last of the three
        Bloomberg Business News  -  401 words
      • COMPANY BRIEFS
        • Article
          Lock icon Prudential breached rules: exchange
          94 23 AFP LONDON British insurance giant Prudential broached stock exchange rules on share dealing, but Michael New march, the former chief executive, was cleared, the stock exchange said yesterday. Ihe announcement, however, amounts to a public reprimand and no other action is likely to be taken against
          AFP  -  94 words
        • Article
          Lock icon China firm sues Lehman for US$58m
          90 23 Bloomberg Business News NFAV YORK Lehman Brothers Inc yesterday said it was being sued for US$5B million (SSB2 million) by Unipcc, a Chinese company, in a dispute over trading losses. It is the second suit in a week by a C hincsc trading firm
          Bloomberg Business News  -  90 words
        • Article
          Lock icon 3Com net profit up 82%
          51 23 Bloomberg Business News SANTA LARA, California 3Com Corp yesterday said its fiscal third-quarter net income rose 82 per cent, exceeding Wall Street expectations, on strong sales of its computer-network equipment. Net income in the quarter ended Feb 28 was U5545.3 million (5563.8 million). Bloomberg Business
          Bloomberg Business News  -  51 words
        • Article
          Lock icon Turkish firm in Philippine venture
          86 23 AFP MANILA Alarko Moldings Group of Turkey has signed a memorandum of agreement (MOU) with the Philippines' Mabuhay I foldings C orp for a hydro-electric power plant and a water supply project. Mabuhay Moldings yesterday told the Securities and Exchange Commission that the proposed USS2OO
          AFP  -  86 words
        • Article
          Lock icon Deutsche Babcock boosts profit
          51 23 Bloomberg Business News OBERMAUSEN, Germany Dcutschc Babcock AG said costcutting measures boosted net profit in the year ended Sep 30, 1994. to 68 million Dcutschcmarks (SS6B million) from 20 million marks in the previous year. The company builds and provides technology for power plants. Bloomberg Business
          Bloomberg Business News  -  51 words
      • Article
        Lock icon Wells Fargo hiked CEO's pay by 25% in '94
        322 23 Bloomberg Business News SAN FRANCISCO Wells Fargo Co boosted former ehairman and chief executive Carl Reichardfs 1994 pay by 25 per cent to US$2.7B million (553.9 million), which included the cost of a one-metre-long commemorative stagecoach awarded at retirement. The 63-year-old
        Bloomberg Business News  -  322 words
      • Article
        Lock icon Talks between Time Warner and Turner hit snags
        349 23 NYT NEW YORK Talks over the proposed sale of Time Warner Inc's 19.4 per eent stake in Turner Broadeasting to Turner ran into snags on Tuesday, people elose to the discussions said. There had been recent rumour* that the two companies were
        NYT  -  349 words
    • FINANCE & COMMODITIES
      • Article, Illustration
        PCI Bank well placed to face new competition, says CEO
        488 24  -  By S N Vasuki SINGAPORE PCI Bank, the fourth largest eommercial hank in the Philippines, is bracing itself for competition from foreign entrants by strengthening its presence in consumer banking and targeting stock broking, insurance and leasing as new growth
        488 words
      • Article
        Lock icon Liberalised Philippine banks making some potentially risky loans: Moody's
        405 24 Bloomberg Business News HONGKONG Recently liberalised Philippine banks are becoming more aggressive and are making some potentially risky loans, a report from Moody's Investors Service says. The banks have undergone a process of "supervised liberalisation" over the past eight to nine
        Bloomberg Business News  -  405 words
      • Article
        Lock icon Traders unsure over which plan Brazil will use to curb exports
        410 24 Reuter RIO DE JANEIRO Brazilian cofTee traders are confused as to whether the country's participation in a revised plan to curb exports, announced in London on Monday by producing nations, is likely to involve retention or export quotas. "At
        Reuter  -  410 words
      • Article
        Lock icon China likely to import 1m tonnes of corn
        208 24 Knight-Ridder SINGAPORE Despite previous large purchases of corn. China is widely expected to import more of the commodity this year, and chances of resuming exports are slim. Asian sources said on Tuesday. Traders disagreed over how China will purchase the commodity in
        Knight-Ridder  -  208 words
      • Article
        Lock icon Lloyd's members call for tougher controls
        195 24 Reuter LONDON Regulation at Lloyd's of London remains inadequate and the insurance market should further tighten its controls, the Association of Lloyd's Members said on Tuesday. "The Lloyd's self-regulatory system has been a disaster... Despite the progress made. Lloyd's has yet to match the
        Reuter  -  195 words
      • Article
        Lock icon HK banks welcome delay in rate deregulation
        382 24 Reuter HONCiKONCi Hongkong banks yesterday welcomed the deferral of further deposit rate deregulation, but analysts said the banks will not see any earnings benefits as the delay merelv postponed the inevitable. On Tuesday, the Hongkong Association of Banks, at the urging of the
        Reuter  -  382 words
      • Article
        Lock icon Asian oil prices fall amid signs of glut
        325 24 ENERGY REPORT Bloomberg SINGAPORE Spot market crude oil prices fell amid signs of plentiful supplies and weak demand for supplies of light, low-sulfur oil to be loaded in April. Forward Malaysian Tapis, the Asian benchmark crude, fell 33 cents/bbl to U5517.70 a
        Bloomberg  -  325 words
      • Article
        Lock icon Currency Reports: London
        205 24 Bloomberg Business News LONDON The dollar fell against other major currencies alter stronger-than-expected US reports rekindled inflation concern without reigniting talk of another US rate rise. The larger-than-expected increases posted by US producer prices, industrial production and plant-use in February spurred talk that the US economy isn't
        Bloomberg Business News  -  205 words
      • Article
        Lock icon New York
        83 24 AFP NLW YORK The dollar slipped against other major currencies in New York yesterday after news that US industrial production and wholesale prices rose more than expected in February. At 9:40 am (1440 GMT) the dollar was trading at 1.4070 German marks, down from 1.4150 on Tuesday, and
        AFP  -  83 words
      • Article, Illustration
        Untitled
        1653 24 hiuk ucwhu J i iuU ulalttJ uiMMst i**i> 14 tiiuimti |wn»His Hd* I cat I VS.* US$/S$ forward rates Noon /Mar 15 s$ Bid (MTef l -monlh 1-ltMW I 4CN-J '-month I-ttMJt I J05S l-IOOb I 4016 «vm»mih I.WIO I WIS Smmr (K M Source: OCBC FOREIGN CURRENCY NOTE RATES
        1,653 words
    • COMMODITIES & FUTURES
      • Article
        Lock icon Euroyen, Eurodollars little changed
        1434 25 SIMEX REPORT Keuter SINGAPORE Simex Euroyen and Eurodollar futures ended little ehanged ahead of the Bank of Japan's stanee in the new Reserve Maintenance Period (RMP) and key US economic data due out soon, dealers said. June Euroyen ended at 97.98 against a previous settlement of
        Keuter  -  1,434 words
      • Article
        Porla stock figures trigger buying
        681 25 COMMODITY REPORTS Palm Oil kl \I.A 1.1 MPI K: Supportive Malaysian kev official I ebruarv palm oil figures triggered active speculative buying and short covcring. pushing palm oil futures to a limit-up close. traders said. "The market was bullish in the afternoon." a trader at
        681 words
      • KNIGHT-RIDDER COMMODITY SUMMARY
        • Article
          Shandong produces 60 tonnes of gold
          69 25 KALCiOORLIh. Australia China's main gold mining province. Shandong, produced approximately 60 tonnes of gold last year. Xu Daquan. Vice-Minister of China's Ministry of Metallurgical Industry 1 said yesterday. In remarks after a speech to mining executives here, he declined to state how much gold
          69 words
        • Article
          S African gold output up
          50 25 LONIX)N South African gold output rose to 45.014.1 kg in February from 42.276.9 kg in January. the Chamber of Mines announced in Johannesburg vesterday. January and February 1994 production totalled 96.051.5 kg. higher than the 57.291.1 kg total for the first two months this year.
          50 words
        • Article
          Tarim Basin well starts production
          67 25 BEIJING China has begun trial production at the No I well, located in the l arim Basin's No 4 oil field, the official China Petroleum Sews reported yesterday. According to the paper, the No I horizontal well, which is in the middle of the basin,
          67 words
        • Article
          More oils and fats
          69 25 HAMBURG Global 1994-95 (Oct-Sep) production of oils and fats will grow by 5.7 per cent from a year ago to 91.7 million tonnes, according to the newsletter Oil World This was the largest rise in quantity, although not the largest rate, it said. Thi increase is
          69 words
        • Article
          Port strike won't hit copper plants
          47 25 TOKYO A port strike that has halted shipments of copper concentrates from Canada's Highland Valley Copper Mines is not expected to significantly impact Japan's copper production, according tc industry sources. Concentrates are semi-refined ores used by smelters to produce copper metal.
          47 words
    • Article
      COMMODITY PRICES
      1511 25 SICOM Futures Maris Rubber Physical Prices (futures closing as at 5.30pm) Buyers Sellers As at 12 noon (S cents/kg) RSS 1 Contract (S ccnts/kg) Hose Volume Open KSS 2 Apr <15 >1 Ml 262 M»N Month High Low Sett (tonnes) Interest j \p r tjs 2MI MI 261.SON
      1,511 words
    • REGIONAL STOCK MARKETS
      • Article
        Seoul
        434 26 -2.94 Share prices turned bearish on the Korea Stock Exchange yesterday, as an unlisted construction firm's bankruptcy capped an uptick of leading banking shares, brokers said. The Composite Price Index dipped 2.94 points to close at 953.71 points, with 26.43 million shares valued at 499.23 billion won changing hands.
        434 words
      • Article
        Taipei
        593 26 +74.88 Taiwan share prices finished firmer on late waves of strong buying in electronic issues and brokers said there was a chance that the index could test higher levels as turnover expanded. The Weighted Price Index finished 74.88 points, up at 6,555.19. Turnover rose to NT551.69 billion from NT$3l.9
        593 words
      • Article
        Australia
        982 26 18.8 A RECORD close in New York stung bulls into action on the Australian share market, triggering a one per cent rally yesterday, brokers said. The All Ordinaries Index ended at 1,904.3 points, up 18.8 points on Tuesday's finish and its highest close since it struck 1,915.7 on March
        982 words
      • Article
        Manila
        676 26 -5.2 Philippine share prices edged lower yesterday as investors adopted a wait and see attitude on local and foreign developments, analysts said. The PSE Composite Index shed 5.2 points to close at 2,266.37 points. Volume fell 43.88 per cent to 991.05 million shares while value marginally slipped 0.13 per
        676 words
      • Article
        New Zealand
        291 26 18.75 The share market posted a strong gain thanks mainly to strength in the three top stocks. Strength in overseas markets was the prime driving force. The NZSE-40 Capital Index gained 0.97 per cent, or 18./5 points, to 1,953.35, on steady volume of NZ536.5 million. Telecom led the
        291 words
      • Article
        Bombay
        127 26 -65.94 Hectic selling by market operators in select blue chip shares in the one-hour special trading session after the presentation of the central budget pulled down the 30-sharc BSE Index, brokers said. The index dipped 65.94 from Tuesday's close to end at 3,399.19. The 100-share National Index fell by
        127 words
    • WORLD STOCK MARKETS
      • Article
        London
        641 26 -3.6 BLUE chips closed near their day's low after trading higher during most of the session when markets were spooked by higher-than-ex-pected US industrial production data and a surprise rise in February UK retail sales. The FTSE-100 Index closed down 3.6 points at 3,047.0, just above the session low
        641 words
      • Article
        Paris
        189 26 -30.39 French shares ended sharply lower following the higher-than-expected US February wholesale inflation data. Wall Street's lower opening also weighed. "The dollar went shooting south and the bourse went down with it," a trader said. The market had traded in a very narrow range for most of the day.
        189 words
      • Article
        Frankfurt
        156 26 +0.48pc Stocks chalkcd up a moderate gain yesterday as prices were helped by a firm Wall Street on Tuesday and a good performance by the German bond market. The DAX Index advanced by 0.48 per cent to end at 2,010.14 points. Frankfurt Mar 15 DM AE<. I WOO |9
        156 words
      • Article
        Brussels
        219 26 -0.4 Belgian stocks closed little changed, shedding earlier gains as the dollar fell amid concern the US might raise interest rates again. The Bel-20 Index of leading stocks closed down 0.4 points at 1,302.64 after climbing as much as 10 points in early trading. "The only thing on the
        219 words
      • Article
        Amsterdam
        248 26 -0.10 Dutch shares saw their morning gains disappear in moderate afternoon trade, with internationals in particular giving way as the dollar slipped. The AEX Index ended down 0.10 points at 394.71. "But the undertone was not at all negative," one dealer said. The slipping dollar and the bond market's
        248 words
      • Article
        Stockholm
        119 26 +0.16 The Swedish bourse ended virtually unchanged as it edged up 0.01 per cent or 0.16 points to 1,135.64. ln-dex-heavy Asca, Astra and Ericsson lifted the bourse in an otherwise downward trend. The foreign influence is substantial, which in turn means that index-heavy shares with a lot of foreign
        119 words
      • Article
        Untitled
        740 26 Britannia Funds Slcrlim ask Bid (Kin Mim« apllrpoul 4* NMI) U^ll Mim Jciw 4»iH 0 1*94 ***** Mini Mu IknK *0 *100 •01BU 1 S$ Cash Incom.-Plus I und •>) 7000 *10 2200 PS Krst-rsr t und S 42(10 5 4MO SMrliag hqutt) Furo PrrformaiK* 04S92 ***** Far Fad Fund
        740 words
      • Article
        Zurich
        247 26 5.36 Swiss shares closed higher but fell back from earlier highs when the dollar moved lower on the back of yesterday's US producer- price and capacity use data, dealers said. They said the outlook was uncertain and depended on dollar moves and on Wall Street. The broad SPI Index
        247 words
      • Article
        Toronto
        242 26 -1.83 Stocks opened lower on interest rate jitters after the US government said February US producer prices rose more than expected. "That just is a total reversal of what we saw yesterday," said an analyst. The TSE-300 Index edged down 1.83 points to 4.188.71 on volume of 8.15 million
        242 words
      • Article
        New York
        742 26 -15.91 The Dow Jones Industrial Average, which climbed 23.52 points to a new all-time high of 4.048.75 on Tuesday, was down 15.91 points to 4,032.84 at 11 am EST. The New York Stock Exchange Composite Index was off 0.87 to 265.66. while Standard Poor's 500-stock Index was down
        742 words
      • Article
        Johannesburg
        390 26 +9.4 South African shares seesawed to a frenzied close on the back of the equities index futures close-out. A dealer said yesterday's budget, aimed at attracting foreign investors, had little efTect on the market apart from the capping efTect of a stronger rand on foreign buying interest. Another said
        390 words
      • Article
        Milan
        191 26 -172 Italian shares slumped after Prime Minister Lamberto Dini turned a parliamentary vote on a deficit-cutting package into a vote of confidence on his government, raising concern his government could fall. Shares were also hurt by heavy losses at banks and concern about share issues. Mr Dini must resign
        191 words
    • Article, Illustration
      Lock icon HONGKONG
      3039 27 Bloomberg Business News H()N(ik()N(i Stocks surged to 1995 highs amid optimism that corporate earnings \s ill grow briskly as interest rates peak and property prices stabilise. I"he Hang Seng Index posted its biggest gain in five weeks, propelled by real estate issues, after brisk bidding at a government land
      Bloomberg Business News; Source: Bridge Info  -  3,039 words
    • Article, Illustration
      Lock icon CHINA
      544 27 CLSA ll shares, up l.i per eent, lagged the Hang Seng Index yesterday. Turnover improved slightly to HK562.7 million. Qingling Motors finally rebounded 3.9 per cent to HKSI.SB as the yen stabilised against the dollar. Maanshan Steel and Shanghai Petrochemical, up over 2 per cent, accounted for 43 per
      CLSA  -  544 words
    • Article, Illustration
      Lock icon TOKYO
      2652 27 Bloomberg Business News TOKYO Stocks recorded their biggest rally in six weeks amid investors' hopes that Japan's electronics and auto exporters could cope with a dollar as weak as 90 yen. Exporters' shares are hurt by a strong yen and have fallen with the dollar over the last few
      Bloomberg Business News; Source: Bridge Info  -  2,652 words
    • Article, Illustration
      Lock icon BANGKOK
      1762 27 Reuter BANGKOK Thai stocks' morning gains were erased by light selling in the afternoon on concerns over a rise in February consumer prices, brokers said. The SET Index closed down 3.20 points at 1.152.34 after going up to 1.166.89 in the morning. A moderate 52 million shares worth 4.4
      Reuter; Source: Bridge Info  -  1,762 words
    • Article, Illustration
      Lock icon JAKARTA
      1238 27 Renter JAKARTA Jakarta share prices continued to rebound at the close as the market slowly regained the confidence of both local and offshore players, brokers said. They attributed the rebound to Wall Street overnight rises and the possibility that the US Federal Reserve would not further raise interest rates
      Renter; Source: Bridge Info  -  1,238 words
    • Article
      CLOB INTERNATIONAL
      2596 28 <.r <.r I'm/** last Vol I Kit lasl*>rf. !>•% IN« Id Nrt M < ap Mit(li low ixnpani Sak' ('0110) High i i>« Bu>»r Srlkt S (V S P/fc N«iil MALAYSIAN STOCKS 412 71 m MSB MX 142 >26 2240 146 16* 140 1*2 *l> -24 0.2 *12
      2,596 words
    • KUALA LUMPUR STOCK EXCHANGE
      • Article, Illustration
        Lock icon Market up on hopes that Fed won't raise rates
        7043 28 Bloomberg Business News KUALA LUMPUR Stocks rose for the first time in four days, spurred by hopes that slow growth in the US and a booming New York stock market mean the Fed may not raise interest rates again. "It seems
        Bloomberg Business News  -  7,043 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        8519 29 inboard M1 C» Gr M Mi 1*1 Vol D»> Ijil Quote l>i» Oit t Id Nrl an V| High lu» (Iinipunt Sole 000) High Low Butrr Seller S Oi S P/E Sniil Price INDUSTRIAL AND COMMERCIAL 720* 388 ml s Vnu MX. 420 unch 91 426 41* 420 422 88
        8,519 words
      • Article, Illustration
        Lock icon Stocks perk up after record Wall Street performance
        1949 30  -  By R Sivanithy SINGAPORE Trading in local stocks stirred cautiously to life yesterday after several days in the doldrums, following yet another record-breaking overnight session on Wall Street. The Straits Times Industrials Index, which had lost a net 0.9 point over Monday
        Charts by Bridge Info; Source: Bloomberg  -  1,949 words
  • Page 19 Advertisements
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      350 19 Closing Share Prices wif// on the Stock Exchange of Singapore rOl 15th March, 1995 Jardine Matheson (JMH) US$ 8.75 rnrmni Jardjne strategic (JSH) US$ 3.88 Published by Jardine Fleming International Securities Limited (incorporated in British Virgin Islands) NEW-FOUND SERENITY IN THE HEART OF THE CITY FORT CANNING COUNTRY CLUB I
      350 words
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      95 20 CHMESE J4PJNBE tJ 11J ANTIQUE EXHIBITION mlA| I 3 NEW ARRIVALS:Chinese Antique Porcelain Japanese Antique Porcelain Japanese Antique Scrolls All Items Guaranteed by Antique Certificates Venue: Yi Zhi Xuan Antique Gallery Riverwalk Galleria #03-018. Date: 11 Sat 19 Sun March 1995 Time: 11am Bpm (Sundays Open) ANTIQUE APPRAISAL SESSION Conducted
      95 words
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      Page 20 Advertisements Column 2
      94 20 Wc provide consultancy services on offshore structures, shelf companies and incorporations in ALL jurisdictions, including British Virgin Islands Mauritius Cayman Islands Hong Kong Bahamas Western Samoa Full nominee, management, corporate secretarial and professional administration services are available. We specialise in offshore trusts, offshore banks, and captive insurance companies for qualified
      94 words
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      90 21 m fmm 3 f 'imh cn■ h f. h WOULD YOU ■■■''.'■J' 4 fi V*. 0 iT J > > V V I .v. LET YOUR "yii v* r j r I dI Jj V»» v* ji .»;>, »'Y -ft. P 2 < > J* r <r -T A r'
      90 words
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      427 22 JTC LAUNCHES- NEW ALLOCATIO N SYSTEM ■k. --M i Wmi hw v "v "i 38£gS«gaBi S 3b* I §P^3iP 0 Breweries wM 1 B I H B H B *BBMBBI B I I I I I I H MTM 111 I H I I I Pioneer IDEAL FOR GENERAL INDUSTRIES
      427 words
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      331 23 Authoritative Speakers.. Dato' Ghazi H Executive hmrman M IVVVI H)1 flffllfl HHi§l RH Indah Water Konsortium Sdn Bhd Suigaporr lan Arstail. Partner Link la tecs Rosa Lee Lee 21-23 June 1995 Hilton Ballroom David Baker iMdcerwe heoo 5 K> Wat, Tax Partner. fj Comprehensive issues over 3 days jj International
      331 words
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      25 24 For information on where to buy your copy of: Her World, Go, Singapore Business, Home Decor, Young Parents call our Customer Services Section on 1800-749-2577.
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      62 25 Financial News A Quick Look At The I I Market! Call 24 hours a day for I I SES KLSE midday I reports, I I market reports and business news. Cost: 30 cents a minute Organised by: An SPH AudioTex Scrvice EYE ON THE TIGERS Nobody covers East Asia like
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      Page 25 Advertisements Column 2
      20 25 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead.
      20 words
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      129 26 Singapore Singapore s leading rosewood A rosewood m a see the finest at Singapore's largest rosewood furniture filßw showroom Where you can also view our wide range of Huanghuali. we that every furniture we is exquisitely hands Of BKinrt i|w.yHanrfiprarK^ sys? V i Main Showroom: 72 Eunos Ave 7. Singapore
      129 words
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      89 27 T2ow passengers travelling NJv l l to Hong Kong can take I 1 a load off their packs. For the earliest flight out of Singapore and the last one back from Hong Kong within the same day, fly United Airlines. The airline that lets you make the most of your
      89 words
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      62 28 SINGAPORE THE HOUR GLASS Takashimaya Shopping Centre Tel *****20 Lucky Plaza Tel *****62 Scotts Tel *****27 Centrepoint Tel *****98 Peninsula Plaza Tel *****09 Raffles Hotel Tel *****41* Woria Trade Centre sJ/ Tel *****5T Chartgi Airport Terminal 1 (West Wing) Tel *****60. Terminal 2 (South Wing) AiL W Tel *****81 MALAYSIA
      62 words
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      557 30 TOLL-FREE TEL. No. 1-800-741-1883 FAX:74I-1298 For Sale By Tender Location: 273 South Bridge Road (Within the Chinatown Conservation Area) Land Area 287sq m/3,0895q ft x\\ Total gross floor area Approx. 933.435q m/ 10,047 sq ft Tenure 999 years wef. 1 October 1823 Tender Closing Date 12 noon, 29 March 1995
      557 words
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      Page 30 Advertisements Column 2
      145 30 Ia tbe matter of the Com panic* Act, Cap. 90 and in tbe nutter of Trader Vic Pte Lid (la member*' voluntary liquidation) Notice is hereby givea pursuant to Scctioa 308 (2) of the Companies Act, Cap. 50 that a fiaal meeting of the member* of the above company will
      145 words
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      Page 30 Advertisements Column 3
      275 30 THE COMPANIES ACT, CAP. SO NAN TAI CORPORATION PTE. LTD. (In MwnbW Voluntary UquHfbool AT an Ejdraordinary General MteUig of the Company held al 1 Colombo Court •06-11. Singapore 0617. on the 13th March IMS. the following Special Resolutions were duly passed a)That the Company be wound-up vofejntarty pursuant to
      275 words
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  • Shipping Times
    • Article
      Cambodia re-opens ship registry with S'pore office
      313 31  -  By Ramesh Divyanathan SINGAPORE Cambodia has re-opened its ship registry to vessels which want to register under the Cambodian flag. A delegation from the Cambodia Merchant Ship Registration Office, led by the registry's president Khek Vandy. announced this on a recent visit to
      313 words
    • Article
      Lock icon Fiji shipyard sale attracts Asian interests
      213 31 Reuter SUVA Fiji has decided to sell its financially-troubled shipyard and has already attracted interest from a number of Asian companies, a government spokesman said yester*day. The spokesman said companies in Japan, South Korea, Philippines and Malaysia had expressed interest even before the cabinet's
      Reuter  -  213 words
    • Article
      Lock icon M'sian police go to China to regain stolen cargo
      249 31 Reuter KUALA LUMPUR Top officials from the Malaysian police and a commodities trading firm have gone to China to recover a cargo of rubber that was hijacked by a "phantom" ship last year, officials said on Tuesday. "Police and Sime Darby
      Reuter  -  249 words
    • Article
      Sibcon '95 to focus on bunkering responsibility
      182 31 SINGAPORE The 7th Singapore International Bunkering Conference Sibcon '95 will be held on March 30 and 31 at the Raflles City Convention Centre. The event, organised by the Port of Singapore Authority, will be on the theme: "Bunkering: Responsibility and Profitability". Steering commitee
      182 words
    • Article
      Lock icon US Coast Guard to charge for ship inspections
      169 31 Reuter WASHINGTON The United States Coast Guard will start charging an annual fee for inspections of US and foreign commercial ships, starting on May 1, a spokesman said on Tuesday. Fees will range from US$45O (*****) to USS 14,650 depending on the
      Reuter  -  169 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      598 31 Page Col Able Shpg 7 4/5 Accord Group 8 1-3 ACL 9 1/2 •Ahlers Lines 12 1 Ahrenkiel Liner 4 1/2 •Appenship 4 4/5 •ANL 3 4/5 •ASCL 5 5 Astro Shpg 8 4 Avant Shpg 6 4/5 •Bank Line, The 9 5
      598 words
    • Article, Illustration
      Bremen, Bremerhaven ports post increase
      43 31 BREMEN Containers being loaded at the German port of Bremen. A total of 1.502 million TEUs were handled by the Bremer Lagerhaus-Gesellschaft ports of Bremen and Bremerhaven in 1994. This was 10.9 per cent more than in 1993.
      43 words
    • Article
      DAILY FREIGHTS
      2631 32 RUMOUR chased rumour on the freight market, but essentially owners remained confident of rates continuing to rise in the short term, brokers said. The favorite rumour appeared to be talk of US$4O.OO fixed on the US Gulf to Japan grain mn, but a source here said this should
      2,631 words
    • Article, Illustration
      Lock icon Reefer, gas carriers sail into profits again
      1069 33 There is now more optimism in the reefer shipping outlook and the LPG carrier market. Drewry Shipping Consultants report that the pendulum is again swinging the owners' way Seatrade Weekly REEFER and LPG shipping markets have been disappointing for owners and operators alike
      Seatrade Weekly  -  1,069 words
    • Article
      THE SHIPPING GUIDE THE SHIPPING GUIDE
      14153 40 This is a list of ships loading at Singapore for ports around the world. It tabulates, by destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. LEGEND PN: ship calls
      14,153 words
    • Article, Illustration
      Lock icon Alitalia's rising losses lead to turbulent skies
      933 43 Long associated with trendy aircraft interiors and designer uniforms for flight attendants, rather than for its service or punctuality, Alitalia nas been having a bumpy ride NYT ALITALIA, Italy's national carrier, was crippled for two days last month by striking pilots and cabin
      NYT  -  933 words
    • Article
      SHIPPING AGENTS
      3084 44 A XjLBC C ontainerline NV: Belsin Shpg Agencies Pte Ltd (SyManne Handling Sdn Bhd (PK/PN). Accord Group: Accord Shpg Pte Ltd (Sy Accord Contr Line (PK/PN). Adkrts Business Corporation Philippine Calsource Shpg Trdg Pte Ltd (S) Ahreakiel Liner Service Kim Shpg Trdg(S). Albntros Sen-Air Service: Frata Shpg Pte
      3,084 words
    • Article
      CONFERENCES & CONSORTIA
      134 44 CONFERENCES CONSORTIA Una; Maersk Line; Nippon Yusen Kaisha Line; Mitsui OSK Lines; Nippon Liner system; Overseas Container Line, bti^^PSiSSfi&J^SSSAiJSKJthSSSS ll^tlilplls Uag Orient Ommm Ctmtvi Line; SeaSfcESSS^S Yusen Kaialia Line; Orient Overseas Container Line; Sea-Land. f MMI i* fmmimjum American President Liaes; Orient Overseas Container Unc, M K n Line; Malaysian
      134 words
    • Article
      COURIER SERVICES
      281 44 Abacus Couriers Tel 545-8011. Fax: 545-1898 Air Express Irnd Tel: 533-5771. Fax: 535-6144 Airborne I-reight Corporation Tel: 542-8844 Fax: 542-3716 *****80. Airswift Worldwide Courier Tel: 278-0188 Fax: 273-8283. AJS Supplies Tel: 748-6322 (2 lines). 747-7421. Fax: 742-8975. City-link International Td: 344-3377. Fax: 345-6450 C luster Link Supplies A
      281 words
    • Article
      AIR FORWARDERS
      1534 44 Abex Express Freight Td: 542-7171. Fax: *****84 Actiaic Forwarder Td: 225-1833 Fax: *****42. Actirair Singapore Td: 542-7822. Fax: *****20 Aeroiink Freight International Td: 545-8033. Fax: *****05 Aerospeed Tel: 542-5911. Fax: *****18 Air C argo Novo Express Tel: 542-5454. Fax: *****06 Ak Express International Tel: 542-7666. Fax: *****74. *****50.
      1,534 words
    • Article
      PORT CONDITIONS
      2658 45 ANGOLA Cabinda: First exports due this month from Kokongo Field designated as Nemba crude. Soyo: All terminals loading according to programme. ARGENTINA Diamante, Santa Fe: No vessels berthed, no vessels in roads, one vessel due. San Ixxenzo: Five vessels berthed of which 1 loading soya bean meal pellets.
      2,658 words
    • Article
      SHIP SALES
      1112 45 A VERY active week has seen a variety of sales coming to light in all sectors, again with Greek buyers featuring strongly. The dry bulk market has been particularly firm and Greek buyers have purchased a number of older panamax units at firm levels. Most notable of these
      1,112 words
    • Article
      CRUISE & FERRY SCHEDULES
      933 45 CRUISE FERRY SCHEDULES CRUISE SHIPS Arr Dep Name of Vessel ETA K I D Ports of Calls Port Agent Telephone No MARCH 16 16 Rcnaissancc 1 Pcnang Renaissance Cruises 222-3388 16 16 Columbus Caravelle kukup Harpers Shipping 221-1388 16 16 Leisure World Cruise to Nowhere New Century Tours 227-8284 16
      933 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        557 46 Vqt Wo Btrth Arrival Departure Vetiel »«y No Berth Arrival Departue 4 Jurong Port Ma Bjt» 013 poia 1603/1200 1603 ijoo BrfUn Ba»i<*u 03,03 95 II alow* 1603 0300 Citu Ba»am2 001 P01A 1603/2330 1/03/0100 hi* 03,04 95 II alongside 1603/1300 f«« Came 02£/95 P04 15 03/2359
        557 words
      • Article
        CONTAINER SCHEDULES
        1539 46 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Bocfcinf/Balance Rstts Ship Voy No Etb/Btr Period From To From fci" 063A 18/1500 4 16/1200 16/1459 16/1700 *c< lade 22% 17/1100 IB 15/1500 15/1659 15/1800 3 16/0700 16/1159 16/1400 4 16/1200
        1,539 words
      • Article
        COCKETT BUNKER MARKET REPORT
        899 46 THIS twice weekly report, compiled by Cockett Marine Oil Ltd, shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown arc based on average-sized stem. Market movements are indicated. The Cockett Bunker Price Index change and
        899 words
      • Article
        VERITAS BUNKER QUALITY REPORT
        630 46 Carton Mar 9 Density Water Rente Art Akanriun Se«fcneni MM Ejuuxi KG/M*3 V/V MM MM PPM method BO/Gmac Lmb Spec 991 10 15 0 010 80* 010* Spec G35 991 10 180 015 80* 010* Norton Europe 180 Ave 981 0 2 12 7 0 04
        630 words
    • AIR AND LAND TRANSPORT NEWS
      • Article, Illustration
        Fedex buys Evergreen's China route rights
        331 48  -  Move makes Fedex the only US cargo carrier with direct air service to China By Alec Almazan SINGAPORE Federal Express Corp has acquired Evergreen International Airline's all-cargo route rights to serve China. The rights bought for an undisclosed amount of money will make Fedex
        331 words
      • Article
        Lock icon BA chief forecasts strong growth for airline industry
        266 48 AFP SYDNEY The international airline industry will grow by 6 per cent a year for the foreseeable future, with current traffic doubling by the turn of the century, British Airways chairman Colin Marshall said on Tuesday. In an upbeat assessment of the
        AFP  -  266 words
      • Article
        S'pore consortium to provide logistics services in Suzhou
        160 48 SINGAPORE Steamers Maritime, part of the Keppel group of companies, is heading a consortium to provide logistics services in Suzhou, China. Through its subsidiary, W&T Logistics Pte Ltd, it holds a 40 per cent share of the new company, set up jointly
        160 words
      • Article
        Lock icon Zhuhai airport may get international status
        255 48 AFP HONGKONG China's newest and most advanced airport at Zhuhai along the border with the Portuguese enclave of Macau is likely to be given international status, it was reported here yesterday. Zhu Senlin, the governor of the southern province of Guangdong, was quoted by
        AFP  -  255 words
      • Article
        Lock icon EU rejects bid to stop US open-skies pacts
        196 48 IHT BRUSSELS The European Union rejected an attempt to stop the United States from reaching "open-skies" aviation agreements with individual European governments on Tuesday, as Britain and several smaller EU states resisted a common negotiating stance. Transportation ministers agreed to speed up
        IHT  -  196 words
      • LOG BOOK
        • Article
          Lock icon Seoul in arbitration against Lockheed
          97 48 Reuter SEOUL South Korea's defence ministry yesterday said it planned to file for arbitration against Lockheed, accusing the US defence supplier of failing to honour a brokerage fee. The ministry said Lockheed had failed to pay the Daewoo Corp, trading arm of the Daewoo Group,
          Reuter  -  97 words
        • Article
          Lock icon Russian airliner crashes in Azerbaijan
          97 48 Reuter BAKU A Russian Antonov AN-24 airliner crashed near the Azeri capital Baku on Tuesday but the six passengers and 10 crew survived, aviation officials said. The plane was travelling from the Armenian capital Yerevan to the southern Russian citv of Kislovodsk when one of
          Reuter  -  97 words
        • Article
          Lock icon Double-decker high-speed train
          103 48 AFP PARIS Rail engineers on Tuesday unveiled a prototype of a new double-decker TGV high-speed train due to take to the tracks of France as early as next year. Each blue and grey aluminium "TGV Duplex" train can carry 545 people nearly 50 per cent more than
          AFP  -  103 words
        • Article
          Lock icon Fuel shortage closes Russian airports
          100 48 AFP MOSCOW The main air hub for Russia's Far East territories is struggling to operate and has grounded most of its planes because of lack of funds to buy fuel, Itar-Tass news agency reported on Tuesday. The Khabarovsk airport, in south-east Russia near the Pacific
          AFP  -  100 words
      • Article
        Lock icon FAA orders inspection of Boeing 737 rudders
        228 48 Reuter WASHINGTON The federal government ordered inspections of the rudder controls of Boeing 737 series aircrafi and told operators to replace where needed any parts modified by repair station Aero Controls Inc. The Federal Aviation Administration said it had received reports on March
        Reuter  -  228 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1663 48 oft ro w n»_ aft n*< eta nm n» Abu DfcaM GA985 1105 Gf 147 1850 HauM VN741 1310 VN740 1410 jij° Mat** MI893 1705 MI894 1325 S&3 IS20 I I TG407 2120 GA975 1535 H« CM MM Ctty VN741 1310 SQ172 1000 MMMil Qf81 1930
        1,663 words
      • Article
        Lock icon China, Britain meet on post-1997 HK air services
        166 48 AFP HONGKONG Chinese and British aviation experts in the Joint Liaison Group (JLG) met here yesterday on renewal of air service agreements between Hongkong and third countries after the takeover in 1997. Alan Paul, head of the British team, described the threehour
        AFP  -  166 words
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      15 31 New Express Service HAMBURG E. EUROPE EffectiveJrom AprH '95 pk see Pa 6 for schedule
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      25 31 Line* and services represented by Members of the Registry of Accredited Shipping Agents. Singapore National Shipping Association. For advertising enquiries, contact Shipping Times. Tel 740-2089/740-2090
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      Page 31 Advertisements Column 3
      59 31 PERSONAL FINANCE INVESTMENT Every Saturday in Business Times Reefer, gas carriers sail into profits again, Pg 3 Alitalia's rising losses lead to turbulent skies, Pg 13 Fedex buys Evergreen's China route rights, Pg 18 f STRAIGHT TALK You shouldn't have to read between the lines to get the full picture.
      59 words
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      1733 32 EEHSBMBBSBBmi 1 UZEERMBMZI ir i i^ rtTY wiii«i w wit *r jTO*" *m» I 1 p' |i*w in ut |W iwtm I»*wH* >. VtSSLVuT K) LOSWnil QMLAND VANCOUVfH StATTIf SraM BBBBi a" aai~ IM--54--il4--iil iiT-lrrul H ESSST S fel fe" ™a! a! I! |2 «««•■<■" o-rr omt mi uuFOMMJunra a
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      Page 32 Advertisements Column 2
      36 32 0 :i s o o o o 0 0 I V •l] I LEAD BY EXAMPLE I For some of the best 2; examples of Good Management. Enterprise Management. Every Monday. r 1 Business Times WOOtMU
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      704 33 AGENCjES_ 7BJDC *****13 1 BAH ~DOH" m/VOY MP MM |V«l/»0T Sm CMB *D i* 7* KHAIDOUWCIMW aw 4* 0 L Pq u y_ cll,w 22 ,52 12/4 14/4 BWMAJOCIWW 27* 11* U* BWMAJBCIWW VIS 1* 15* IW4 MM AL MAfUYAH CIIOW 3* ll* 2W4 AL MAKYM4 CIIOW 3/4 1/4 22*
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      Page 33 Advertisements Column 2
      399 33 ANL. IT'S AUSTRALIAN FOR SHIPPING'—^ TO AUSTRALIA (EABT COAST! FROM AUSTRALIA PIT COAST! WUfUVOY JCT PCS MP M ITO Mil lUft HO* WIttUVOY IK STO Mil IM UN XT SSPI Pit A. MOT l« 11*1 HM MM SIM 11M A AOTTMUA HM 2VK HM 1M) 1M HM A. BOW* Ml
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      1381 34 fOAM L£ SOUTH- PORT VESSa. VOY.NO HAMBURG ANTWERP HAVRE AMPTON KELANQ SPORE HKG KAO TVO SHI OSA HAG DANUBE 17/208 21/2 23/2 23/2 18/3 17/3 21/3 23/3 303 ~sw" LEVERKUSEN EXPRESS WM 2V2 27/2 1/3 22/2 18/3 23/3 27/3 2&C3 31/3 KAMAKURA 38/209 28/2 2/3 4/3 23/3 24/3 28/3 3<y3
      1,381 words
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      Page 34 Advertisements Column 2
      432 34 Jj k TORO 22/3 28/3 RcHVAhWUK/Nanteo I NANONAKUL 2S/3 30*3 RdnVAtw/UK/Nantas Loacte EVW. Mataywa tndoneate 1 I Loading tof I SAD AN KALKAVAN Duba»/DammarVKuwart I BUFFALO Jeddah/Aqaba/T npoii/ Algeria I PAN RISER I toads Singapore, EVW Malaysia, Indonesia I I Loading for BILUE FAY Los Angetoa/New Orleans/ I ChartsstorVNorfok/Canxlen I
      432 words
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      Page 34 Advertisements Column 3
      1229 34 I NORASIA VBL/VOY ALO '«"*"•< W NM 99 IW 1W 118 1W £££!««,VT ,W4 *M "SI 1984 17/91 1194 1994 1994 2*94 IM B« till 2UI IW 2494 2484 2594 I 7994 2981 3981 18 18 2)1 SI VALUE SI4W 1281 MM MM 0986 8986 IMS BMB 8706 8788 8986
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      1271 35 H STRAITS SHIPPING PTE LTD 10 Hoe Chiaag Road #11-01 Keppol Towers Singapore 0200 Tel: *****00 Fax: *****17 new guinea pacific line service of china navigation co> CARGO OOC SAILS tSZBr V CJNUGAM-30 V9M7E MHn.Uk.KR llMar 17 Mar II Mar rn in rnimiw UA. MwSr VKO4E RX.SkM.lta 17-11 Mar 20M*
      1,271 words
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      Page 35 Advertisements Column 2
      1906 35 Singapore Agent: VMttiH I tVI W jOlllfll P&O Containers (Singapore Agencies) Ptc Ltd r? rS Y. 7 7 10 Hoc hian Road #07 l Towers. Singapore 0208 First Class Connections WORLDWIDE Tel 225 2233 Td RS ***** hncx s P Fax: 225 5327/222 7517 CR Number: *****9 IOOOQZ EXPORT IMPORT
      1,906 words
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      Page 35 Advertisements Column 3
      527 35 FOR BOOKING 1800-*****00 (TOLL-FREE) ouraoussp pw. pen jqh m hkg kaq tai kh you tky nag kob o« mqj bus SEAWAN6ERMO47 12*3 13*3 18*3 18-17A3 21/«3 22*3 24*3 25*3 21*3 *I*3 Sl/B4 BMNHM2MMO7B 15*3 IMS IM3 18-2M3 2MI 2Mi »S3 2MI BW Ml AMI MAN HAI 212 ***** HB MM
      527 words
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      457 36 JOIMT VENTURE V!y SAMUDERA INDONESIA SIR RICKMERS win SINGAPORE CHINA MSA SEPU.UH VOY 4NB 08 APR QINGOAO SREEN ERA MY DOCKING XINGANG SHANGHAI MDUCEMENT CALL P.KELANG INDUCEMENT CALL HK. P GUOANG. BfIAWAN. TG MAN XIAMEN. HUANGPU n I UTAMA HARTA I -g WEEKLY FULL CONTAINEWSHIP FEEDER VESSEL NAME VOY SIN
      457 words
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      Page 36 Advertisements Column 2
      1167 36 HANJIN SHIPPING BOOKING TEL:- *****35-237 OPERATION TEL: *****41-253 SALES TEL:- *****30-233 DOCUMENT TEL: *****71-275 fOKlfil rsn IWHAm m m IIKMRft V, HANJM OAKIANO 0291 17/3 OMCI 6/4 7/4 8/4 HAKAN POHANG 156E 17/3 H. SAVANNAH 04* 20/4 21/4 23/4 HANJIN VANCOUVER 0201 23/3 IXRECT 13/4 14/4 15/4 *ENES SYNTfcSIS 0031
      1,167 words
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      Page 36 Advertisements Column 3
      60 36 SOON KIAT SHIPPING PTE LTD I 3 SHENTON WAY #20-05/06 SHI NT ON HOUSE REGULAR SERVICE TO SARAWAK BRUNEI STORE Sri Pujut 05/95 Bmtutu/Mri 24/03 Superior Glory 03/95 Port K«ian| 19/03 Mj|u Vortf Hua 04/95 Bintuki/Mri In Pt Rkowii c»t° P«i|»| PTO4 fectptaf Fa and rnl« cantanor md hoanjtttt up
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      Page 36 Advertisements Column 4
      1166 36 Jxl Lf i -I.T J .TTTn^ I CHIT KM ifl svi s?i X?, 2 s *2 TW> LAI CMS BAI NYC LHV WW ROM W PSO CM M W I II Sun Hon »/i n xl 2/1 m/ 1 /I MKi f i 1/4 4/4 15/4 21/4 4 1/5 >«/»
      1,166 words
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      1940 37 3 MOMBASA I AMD OAR ES-SAusn wwiri'i OtMrai AgmmtK Tut KtMrtf; *****99 Satm/9MtIK tea |M(: f?£E!! iZ'WSS PTE LTD iitifr -s& tJ. '.Vi'r* 17-09 CK Nm: **********0 M f«. *****09 Br—htuU, Src D*c»; *****50 (olfOMl: 4205.' Jo J.'VSr «C* M* CCSW tOHORI OFFICE fax: *****15 Fax *****99 iMCWir* MM osr
      1,940 words
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      Page 37 Advertisements Column 2
      817 37 HEUWG-A SHIPPING [KOREAN FLAG) I fjur CONTMOBB) SBWCt' I I cowwHiiwimawct I JAKARTA <VC t HKOI MM 1 JUT I HKO 1 PU6 1 HOC I MOJO [wl HKttl —I IjKTI —tIHKOIwiT CTSIOMJUSOO I 00/03 10/03 1 20/*****/03 20/03 01/04 02/04 03/tT WO i DCTMM M2H 25/02 2VO3| 04/04 10/
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      Page 37 Advertisements Column 3
      718 37 FAMOUS CONTAINER LINES 80 ROBINSON ROAD, #22-02 SINGAPORE 0106 .< S 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 17/03 i GENOA/ITALY 18/03 ANTWERP/BELGIUM 17/03 LOS ANGEIES/WC/IPI 17/03 SYDNEY/MELBOURNE 23/03 NEW YORK/EC 17/03 FREMANTLE/ADELAIDE 17/03 VANCOUVER 17/03 I
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      1141 38 PpBBBMM33ZECH2BiMiBBi i; bhatra bhum 73sZ_sun—«/3—i^_jm_, f ourubhum ~Fn BW i?/3 I VESSEL VOY SIN BKK f VIRA BHUM 1298 Tu 21/3 !1 j GURU BHUM 5045 Mon 20/3 Wad 22/3 «|i MAMA BHUM 221N ~Thu In Pt ~Sun 1»/3 f WAHA BHUM 2728 Wad, 22/3 _Sat_ _2S/3_ THAHA BHUM 113H
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      Page 38 Advertisements Column 2
      729 38 79 ANSON ROAD, #21-01, SINGAPORE 0207 TELE: *****92 FAX: *****57 CR **********0N STRAITS SHUTTLE BCRVICE PORT KLANG PENANG VESSEL I VOT I SW PKt VESSEL VOT SH KM SEA LAUREL 3/0N 16 3 iTHUi 1/ i (FRI) »OUR IAYA ***** U 3 (WED, 17 3 <FWI EAGLE BREEZE !95A lb
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      Page 38 Advertisements Column 3
      266 38 GOLDEN LINE WCGoV guan guan shipping \2Soi pTE > LTD I 23. Tctok Ayer Street SINGAPORE 0104 TEI 534WM (10 LMES) Fai *****04 <CR No **********0*) STRAITS/PERSIAN GULF SERVICE S pore P Kelang Penang GOLDEN GRACE Karachi Dubai Kuwait 30/31 Mar GOIDiN KM Karachi Dubai Kuwait 1/10 Apr CHINA SERVICE
      266 words
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      1086 39 ADVANCE CONTAINER LINES (PTE) LTD /V I I 140 Cecil Street. #12-00. pit Building. Singapore 0106 TEL: *****21, FAX *****19. TELEX RS ***** ACLPL CR NO. **********0E (5 Sailing*/ Wm* to PAT. 2 Sailings to BMT 1 SaUmg to LCH) (3 »aHinga/W«ofc) POUT AUTHORITT THAILAND VftliL VOY ikk SIN VEtt£L
      1,086 words
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      Page 39 Advertisements Column 2
      1009 39 VESSELS WOT Stt II HAVRE HAMBURG I HAMS *0 Tit ROAM ANTWERP Witt Ot 111 AHA TOtW "03 14/04 10/04 11/04 12/04 13/04 WIU PC IBM 10W 22/03 10/04 12/04 14/04 15/04 1( 04 Will 01 NORMA NOBW 2V03 19/04 21/04 23/04 24/04 »/04 WiU Ot CMW CO4W 26/04 21/04
      1,009 words
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      Page 39 Advertisements Column 3
      599 39 1 BSfl iiT mm. MYANMA «88l FIVE STAR LINE V (Myanmar National Line) Loading for Yangon (Rangoon) Spore P.KI| Pen P.Gdf PAGAN V2IBW 16/18 Mar TECHMAT PIONEER *3 17/20 Mar AVA VI32W 18/20 Mar MYOMATMA VISSW 2S/30 Mar <1 MALAYSIA AGENTS BOUSTEAO SHPPMG AGENCES KU. TEI 02 03-2****** PKL TEL
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      566 42 S RICHFIELD MARINE AGENCIES (S) PTE LTD TEL: *****33 (12 Lines) FAX: *****15/*****03 TELEX: RS ***** RISHIP (3 Lines) CR NO.: **********0E |\5tV ETHIOPIAN SHAPING LINES J (National Lints of Ethiopw) ACCEPTING FCL AND CONVENTIONAL Vnml Voy ETA Loading For Spor* And.net 38WB 16/04 Mombasa. O)ibouli Assab Massawa Abbay Wooi
      566 words
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      Page 42 Advertisements Column 2
      570 42 AFGHANISTAN M&M Afghanistan Ltd., ■LJHj Hairatan. Torghundi, Islamqala (Doqharun) C.1.5./RUSSIA: Alma Ata. Ashkhabad. Baku. Dushanbe. Irkutsk. Khabarovsk. Krasnoyarsk. Korsakov, Moscow, MilltZGf 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 ALSO ACCEPTMO CARQO TO:
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      Page 42 Advertisements Column 3
      390 42 KZlffiN CONTAINER LINES, ini> ~IW\MAC-NELB SPORE: *****22 (24 UNES) LJvZ' 'c/H Not T3OM7WOOOC SIBU (064) *****9 K i4 MH' 17G8B1 PINANG: (04) *****6 BANGKOK (662) *****67 MMU 612«»1 P.KELANQ: (03) *****77 JAKARTA- (21) *****07 SURABAYA. (31) *****0 flSlft HKG/TWN/BKKI GENOfI/EUROPE I PEN PKL SW 5 SAILINGS/WEEK PEN PK SIN 17/3
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      471 47 ▲HYUNDAI MERCHANT MARINE CO. LTD. WESTBOUND TO EUROPE BKG: *****61 [n* pcd wssas wr s* rtm ant leh ham SeT] f5 15/03 17/03 lt/03 H. COMMAfOGt 314W 20/03 07/04 09/04 01/04 09/04 09/04 nToT" 22/03 24/03 25/03 SI MARIO 315* 27/03 14/04 16/04 15/04 16/04 16/04 11/04 29/03 01/04 02/04
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      Page 47 Advertisements Column 2
      473 47 I STRAITS/ JAPAN/ STRAITS SERVICE I MULTI-PURPOSE I RORO C/UWKR I SPECIALIZE M HEAVY LIFT CARGO UPTO 120 TONS I RAMP CAPACITY UPTO 50 TONS 111 eti In* I kssei vot sn n ioaomg for I HEIICM 24 SID 16/3 BEIMAN 11/J I COSMK PWtUI 43 HO lAKARTA 17/1. SUIABATA
      473 words
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      Page 47 Advertisements Column 3
      674 47 VOY SX ETA/D LAX OAK Of 101/COI HOU NYC NOR DAL lOMY ItPSON WLGE >2A 23/03/24/03 09/04 11/04 12/04 13/04 14/04 14/04 15/04 13/04 ALLIGATOR WCTORY MA 30/03/31/03 16/04 18/04 19/04 20/04 21/04 21/04 22/04 20/04 MAOUNAC BRPGE I4A 06/04 /Q7/Q4 23/04 25/04 26/04 27/04 28/04 28/04 29/04 27/04 ALLIGATOR
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  • Page 47 Miscellaneous
    • Miscellaneous
      Page 47 Miscellaneous Column 1
      301 47 TODAY'S TIDES (height in metres) HOUR 0000 0100 0200 0300 0400 0500 MOO 0700 (WOO (WOO 1000 1100 1200 1300 1400 1500 1600 1700 1800 1900 2000 2100 2200 2300 2.4 2.1 1.6 1.2 0.9 OS OS 1.1 1.6 2.2 2.7 2.9 2.8 2.4 IS 1.2 0.8 05 0.4 0.6
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