The Business Times, 23 March 1995

Microfilm: NL19815
Total Pages: 44
1 44 The Business Times
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  • Title Section
    Masthead
    13 1 Business Times WE MOW ASIA MITA(P) 194/12/94 Thursday March 23 1995 85 c
    13 words
  • 2am LATEST
    • Article
      Lock icon Dow down 1.38 points
      55 1 Reuter NEW YORK Bluc-chip stocks lost more ground yesterday amid speculation that the bull market may have peaked. The Dow Jones industrial average fell 1.38 points at 4,071.23 at 1 pm EST. In the broader market, declines led advances on trading of more than 187 million
      Reuter  -  55 words
    • Article
      Lock icon US states get protection
      49 1 Bloomberg Business News WASHINGTON Congress would be discouraged from making states, cities and towns pay for new federal programmes under legislation signed into law yesterday by President Bill Clinton. The Re-publican-backed Bill will prevent Congress from creating federal programmes without funding them. Bloomberg Business News
      Bloomberg Business News  -  49 words
  • Article
    MARKET SUMMARY
    170 1 Stock market indices Wednesday Change STH 2.081.03 -8.04 KLSE Comp 959.20 -5.64 Nikkei 15.904.85 -225.11 Hang Seng 8.509.11 -71.20 SET Index 1.210.13 +26.02 Jakarta Comp 425.92 -1.27 Manila Comp 2.294.04 -14.56 Taipei WPI 6.479.01 -45.86 Seoul Comp 941.77 -4.30 Bombay BSE 30 closed CLSA China B 803.48 -1.57
    170 words
  • Article
    Lock icon Tax evasion in China up 26%
    88 1 AFP BEIJING China's Ministry of Finance yesterday said it had uncovered tax evasion cases amounting to 20.4 billion yuan (553.4 billion) last year. Xinhua news agency yesterday quoted a spokesman as saying the amount represented an increase of 26.2 per cent over the previous
    AFP  -  88 words
  • Article
    $4.8b tunnel system will raise CBD road capacity by 40%
    429 1  -  By Abdul Hadhi SINGAPORE The government is planning to build a $4.8 billion underground road network in the Central Business District that will increase road capacity in the city by 40 per cent. Acting Minister for National Development Lim Hng
    429 words
  • Article
    Lock icon Dollar falls on news of record US trade gap
    318 1 UPI, AfP. Rcutcr, Bloomberg Business News NEW YORK The dollar fell against most major currencies yesterday after the Commerce Department reported that the US trade deficit had widened 68.4 per cent in January, more than analysts had expected. Steady in European
    UPI,; AfP.; Rcutcr,; Bloomberg Business News  -  318 words
  • Article
    Datacraft to launch IPO in US$ today
    282 1  -  By Michelle Low SINGAPORE Singaporebased Datacraft Asia will launch its initial public offer for a main-board listing on the Stock Exchange of Singapore today, after delaying its listing plans since November. The issue by the computer network specialist, which is now 70 per
    282 words
  • Article
    Singapore govt saddened by turn of events in Philippine ties
    505 1  -  By Schutz Lee, Al Labita THE SINGAPORE government is saddened by the recent turn of developments in Singa-pore-Philippines relations, a Singapore Foreign Ministry spokesman said yesterday. The events follow the hanging in Singapore of Filipino maid Flor Contemplacion for the
    505 words
  • Article
    Ng Teng Fong's move on YHS 'defensive'
    564 1  -  By Genevieve Cua SINGAPORE Will it or won't it? Will property magnate Ng Teng Fong's listed vehicle Orchard Parade Holdings (OPH) mount a takeover of beverage group Yeo Hiap Seng (YHS). once it gets shareholder approval to buy up to 51 per cent
    564 words
  • Article, Illustration
    Lock icon Tokyo stocks tumble to lowest level since August 1992
    317 1  -  From Anthony Rowley in TOKYO TOKYO stock priccs fell lo their lowest level since August 1992 yesterday as fears continued to mount that the Japanese economy may be about to slip back into recession. The Nikkei 225 stock average closed 225.11
    Source: Bloomberg  -  317 words
  • Article
    Currency, rate worries weigh on Asian stocks
    114 1 SINGAPORE Regional stocks closcd generally weaker yesterday as currency worries, fears of rising US interest rates and in the case of the local market, domestic factors, spurred selling. The main concern throughout the day was sustained weakness of the US dollar. In Singapore,
    114 words
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      Page 1 Advertisements Column 1
      160 1 CD 2233: Removable CO Tuner «ith OSP SoufxJ Processor,CO CHanger Conirolier FUJITSU TEN AMATEUR PHOTO STORES PTE LTD. Singapore: Phone; 235 1333 Kuala Lumpur: Phone; 757 0233 Penang: Phone; 615 985/619 014 Jakarta: Ptione, *****9/*****8 CONTENTS News Companies S'poce News 2 S'pore-M'sta 15.16,1/ Regional News 3.4,5 Financial 19.20 World News
      160 words
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      8 1 Law: pk 9 US lawyers feeling the stress
      8 words
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      Page 1 Advertisements Column 3
      18 1 Hock Lock Siew: Pg is Permanis the key to YHS saga? Bundesbank's case for rate cut, Pg 14
      18 words
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      Page 1 Advertisements Column 4
      65 1 Bottom Line: n Congress' loss: facts of the case CORPORATE EARNINGS: Nat Steel down 36%; #Haw Par down 11%, Pg 15 Jurong Engineering up 8%; SCS up 18%, Pg 16 w; gjjXj .X < y V MTW J J A Jn m f nj Efflk P M *>- :jE3SII& 3P^
      65 words
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      Page 1 Advertisements Column 5
      34 1 pk- j CO(>IH(HSF ji# istma£e tk MEGA Ngee Ann City GOif GOLF HOUSE Marina Square q ROYAL SPORTING HOUSt GROUP Hock Lock Siew: Herman is could be the key to YHS saga, Pg 15
      34 words
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  • SINGAPORE NEWS
    • EYE on the ECONOMY
      • Article, Illustration
        Lock icon More money from S'poreans abroad
        324 2  -  By Paul Leo REPATRIATION of money by Singaporeans working overseas has helped push up total bank deposits strongly. Figures from the Monetary Authority of Singapore show bank deposits grew 17.6 per cent year-on-year in January to $99.58 billion almost double the 9 per cent growth
        Source: MAS  -  324 words
    • Article, Illustration
      Cable operator SCV to offer eight new channels with Star deal
      257 2 SINGAPORE Cablevision (SCV) has signed up Star TV a deal that will expand the local cable operator's menu by eight channels. With Star owned by Rupert Murdoch's News Corp and the Hutch Vision Group SCV will have 10 channels.
      257 words
    • Article, Illustration
      Issues surrounding HDB flats get an airing, once again
      659 2  -  In Parliament Yesterday By Chuang Peck Ming THE same old tunc was played all over again a( yesterday's debate on the Ministry of National Development's budget, or so it seemed. Is the Housing and Development Board building enough flats to meet
      659 words
    • Article
      Demand for industrial land more than doubles to record 227 hectares, says JTC
      317 2 THE amount of industrial land taken up last year more than doubled to a record 227 hectares, Jurong Town Corp said yesterday. The petrochemical industry accounted for more than half of demand, with the Petrochemical Corp of
      317 words
    • Article
      New shopping spots 70-95% full despite space surplus
      590 2  -  By Jenny Lam OCCUPANY rates achieved by major shopping centres opening this year are better than expected despite the much-talked about retail space surplus. Most of the upcoming shopping centres managed to hit occupancy rates of 70 to 95 per cent at
      590 words
    • Article, Illustration
      URA launches tender for restored shophouses
      322 2 Third conservation area pilot project involves 10 parcels in Arab Street district 1 HE Urban Redevelopment Authority yesterday launched the sale of 10 parcels of restored shophouses in the Arab Street area. The sale, by public tender, is the third in a scries of
      322 words
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      43 2 everything JSk C 1 S C 3S i consistent. '.'J"i Cswßi fcis®Bß K^TStw5S&»; mm pssipl ise THE <S.-&J $-_J rnF'"m? Finest Scotch Whisky wBSmSmmSSm inter <| clean AsiA international trade FAIR FOR INDUSTRIAL BUILDING SERVICES WORLD TRADE CENTRE Halls MARCH 29 31 1995 m
      43 words
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  • SOUTH-EAST ASIA
    • Article
      Lock icon KL to allow issue of permits for import of two petrochemicals
      440 3 Bernama, MBT KUALA LUMPUR The Malaysian government has decided to allow the free issue of approved permits (APs) for the import of polypropylene (PP) and polyethylene (PE) with immediate effcet to boost the local plastics industry, International Trade and
      Bernama,; MBT  -  440 words
    • Article
      Lock icon Manila's new business city shaping up
      410 3 Reuter MANILA Despite threats of a legal challenge, planning of the Philippines' biggest development is in full swing, with its initial phase to be completed within three years, the head of the company said yesterday. "In three years, you ought to see some buildings
      Reuter  -  410 words
    • Article
      Lock icon Indon state banks' bad loans hit 6 trillion rupiah
      147 3 AFP JAKARTA Total bad credits issued by Indonesian state banks reached 6.1 trillion rupiah (SS3.B billion) by January news reports said yesterday. Antara news agency quoted Central Bank governor Sudrajat Jiwandono as telling a parliamentary hearing here on Tuesday that besides
      AFP  -  147 words
    • Article
      Lock icon China, Philippines to hold more talks on Spratlys
      203 3 Reuter BEIJING The Philippines ended three days of talks with China on the disputed Spratly Islands without an agreement yesterday, but with a pledge to hold more consultations. "The meeting was important and a useful one." a Philippine diplomat told Reuters. "The
      Reuter  -  203 words
    • Article, Illustration
      Lock icon M'sia LNG in US$450m deal with Taiwan's CPC
      252 3 Bernama KUALA LUMPUR Malaysia LNG Sdn Bhd, a Petronas subsidiary, is to supply liquefied natural gas worth USS4SO million (***** million) a year for 20 years to the Chinese Petroleum Corporation (CPC) of Taiwan. Petronas chairman Azizan Zainul Abidin said Malaysia LNG
      Bernama; AFP  -  252 words
    • NOTE BOOK
      • Article
        Lock icon Suharto to meet Kohl in Germany
        81 3 AP JAKARTA President Suharto will make an official visit to Germany next month for three days of talks on promoting trade and economic relations. In a visit starting April 2. Mr Suharto is to meet Chancellor Helmut Kohl and other officials. The two will
        AP  -  81 words
      • Article
        Lock icon Jakarta clarifies wage proposal
        60 3 Bernama JAKARTA Indonesian Manpower Minister Abdul Latief said yesterday the proposal to fix the minimum monthly salary of Indonesians sent to work overseas by the year 2()00 at USS4OO (SSS7O) applies to only skilled workers. Indonesia would proceed with its plan to stop sending unskilled and
        Bernama  -  60 words
      • Article
        Lock icon Philippine jobless rate up
        67 3 AFP MANILA The Philippine employment rate declined by 0.2 percentage points on the previous year to 91.2 per cent in January as unemployment rose by the same amount to 8.8 per cent, the National Statistics Office said yesterday. It attributed the decline in the employment rate
        AFP  -  67 words
      • Article
        Lock icon Thais pressure Laotians to leave
        59 3 Reuter BANGKOK With United Nations backing. Thailand is making camp life less comfortable for thousands of displaced Indochinesc in an effort to persuade them to return home, a refugee official said yesterday. The measures include closure of shops, restaurants, cinemas, a curb on economic activities
        Reuter  -  59 words
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      Page 3 Advertisements Column 1
      204 3 <. To Host A Business Meeting Near Where Businessmen Meet.,, You'll appreciate the Amara's convenience EHS guests can walk t0 the nearb y historic and value in so many ways. Not just because IRIP area of Tanjong Pagar a showcase of of our downtown location and exclusive AMARA' HOTEL Singapore's
      204 words
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      27 3 !ii it ,\Tvn JLw mVJTm JL mamW T /111 Ityll CREAM. X j C ean 'and je>M" s if V I /LICK 1 IT UP I TONIGHT.
      27 words
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  • CHINA/HONGKONG/TAIWAN
    • CHINA WATCH
      • Article
        Lock icon Chinese firms set up software alliance
        71 4 Reuter BEIJING Twelve Chinese eomputer firms have set up the China Software Alliance to fight rampant software piracy and protect intellectual property rights. The China Daily yesterday said the new association was formed only a month after China and the United States signed an
        Reuter  -  71 words
      • Article
        Lock icon Warning against misuse of funds
        71 4 AFP BEIJING The Chinese government has again warned that it will severely punish cadres misusing public tunds. Ihe Peoples Daily yesterday said the powerful Central Commission for Discipline inspection and the Ministry of Supervision held a joint meeting on Tuesday to announce new steps adopted
        AFP  -  71 words
      • Article
        Lock icon Moderate quake hits Taiwan
        51 4 Reuter TAIPEI An earthquake measuring 4.8 on the Richter scale hit a sparsely populated area in eastern Taiwan yesterday, but no damage or casualties were reported. A Central Weather Bureau spokesman said the epicentre was 23 km south of Hualien. a city on the east coast.
        Reuter  -  51 words
      • Article
        Lock icon Beijing investigates trawler incident
        87 4 AFP BEIJING China yesterday said that it was investigating a recent incident in which Malaysian navy patrol boats reportedly opened fire on an armed Chinese trawler that ignored warnings to stop in Malaysian waters. "The relevant department in China is investigating the specifics of this incident,"
        AFP  -  87 words
    • Article
      Lock icon Inflation slows in major Chinese cities, property market cools
      450 4 Reuter BEIJING Inflation has begun to slow in major cities and officials hope a cooling real estate market will help rein in the highest price rises since the 1949 communist takeover. "Investment in property is down and this is good for
      Reuter  -  450 words
    • Article
      Lock icon China must make commitments to join WTO: Ruggiero
      315 4 AFP WASHINGTON The new World Trade Organisation wants China as a member, but Beijing will first have to make the appropriate commitments, the proposed first head of the world trade watchdog said on T ucsday. "We have to be sure that China
      AFP  -  315 words
    • Article
      Lock icon Beijing to introduce tough new laws to fight acid rain
      248 4 Reuter BEIJING The Chinese government is to introduce tough laws to curb the discharge of sulphur dioxide, a major ingredient of acid rain which affects 30 per cent of the country, Xinhua news agency said. State Councillor Song Jian urged
      Reuter  -  248 words
    • Article
      Lock icon Paper slams officials who prefer to book profits, write off culture
      317 4 Reuter BEIJING The state-run China Daily yesterday published a rare public censure of China's communist policymakers, deriding officials who focus solely on the economy while ignoring culture. The mild rebuke in the Communist Party's flagship English daily targeted officials
      Reuter  -  317 words
    • Article, Illustration
      Lock icon China's exports expected to grow strongly this year
      375 4  -  By_ Teh Hooi Ling SINGAPORE The massive llow of foreign direct investments into China in 1993 and 1994 is now bearing fruit, with exports expected to grow significantly. Hongkong-based Sun Hung Kai Research Ltd reckons that China's exports could grow 30 per
      Source: Sun Hung Ka  -  375 words
    • Article, Illustration
      Lock icon The root of the problem
      77 4 HONGKONG Engineers yesterday working to move two 100-year-old banyan trees 50 metres from where they stand to make way for the expansion of the Hongkong Jockey Club racecourse. It took 18 months to separate the roots, which have interlocked with an underground network of telephone
      Reuter  -  77 words
    • Article
      Lock icon China likely to cut Swire's stake in Cathay Pacific, says expert
      176 4 Reuter HONGKONG Swire Pacific Ltd's ownership in Hongkong airline Cathay Pacific Airways Ltd after 1997 is likely to be cut when China resumes sovereignty, according to a local aviation expert. Steve Miller, who set up Cathay unit Dragonair, said
      Reuter  -  176 words
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      206 4 SHT 1 I VtCTOm. CITY ST AUKANT I Introducing Our Daily I I Budget KTV SET MEAL I (SPECIALL Y PREPARED BY OUR HK CHEFS) I OUR KTV ROOMS ARE AVAILABLE UPON I i ADVANCE BOOKING RESERVATION I WITHOUT EXTRA CHARGE I (On a First Come First Serve eas/sJ. I
      206 words
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      Page 4 Advertisements Column 2
      93 4 We 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 arc available. We specialise in offshore trusts, offshore banks, and captive insurance companies for qualified
      93 words
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  • REST OF ASIA
    • Article
      Lock icon S Korea's state-run firms post 50% earnings growth
      308 5 Profits boosted by sales of shares in subsidiaries Bloomberg Business News SEOUL South Korea's 20 government-controlled companies saw their 1994 earnings jump 50 per cent from 1993, thanks partly to sales of shares in their subsidiaries, the Ministry of Finance and Economy
      Bloomberg Business News  -  308 words
    • Article, Illustration
      Lock icon Slow justice
      54 5 Reuter PAKSHEY, Bangladesh A boy suspected of theft crying while tied to a bamboo pole on a dry river bed in this north Bangladeshi city on Monday. Locals said the boy will await trial and punishment*. But the 'court' will not sit until sunset, when people return from
      Reuter  -  54 words
    • Article
      NZ firm's plan to export apples to E M'sia faces supply hitch
      374 5  -  From Mike Simms in AUCKLAND INNOVATIVE plans for an apple export push into East Malaysia have been put on hold by a New Zealand company because of supply problems. In what would have been the first export to
      374 words
    • Article
      Lock icon Big surge in Australian jobs implies strong 1st qtr GDP growth
      367 5 Reuter CANBERRA Employment, the earliest hard sign of Australian GDP growth, suggests the domestic economy is growing strongly in the March quarter, analysts said. Recent hefty jobs growth implies the income measure of domestic production, GDP-I, would grow around
      Reuter  -  367 words
    • Article
      Credit ratings of Asian telecom carriers to fall: Moody's
      171 5  -  By R Sivanithy SINGAPORE The creditworthiness of telecommunications carriers in Asia will fall with privatisation and increasingly liberalised markets, says US credit ratings agency Moody's Investors Service. In a special report dated March 21, Moody's said it expects a "modest but
      171 words
    • ASIA NOTES
      • Article
        Lock icon Bombay exchange reopens today
        108 5 Bloomberg Business News BOMBAY The Bombay Stock Exchange will reopen today after officials said they had resolved a crisis sparked by a broker's failure to pay for more than US$6 million (558.46 million) of shares. The exchange had been closed for three days bccausc of the
        Bloomberg Business News  -  108 words
      • Article
        Lock icon Maharashtra seeks foreign investment
        58 5 Reuter NEW DELHI A ruling alliancc of Hindu nationalists in India's western Maharashtra state, widely perceived as critical of foreign multinationals, is inviting more overseas investment. Maharashtra Chief Minister Manohar Joshi said yesterday that the alliancc of his Shiv Sena party and the Hindu Bharatiya Janata
        Reuter  -  58 words
      • Article
        Lock icon Japan polls after Feb '96: LDP official
        75 5 Reuter TOKYO Japan's next general election is unlikely to be held before February 1996 and Prime Minister Tomiichi Murayama is cxpcctcd to remain in power until then. "I think the possibility is strong that general elections will be held in February next year
        Reuter  -  75 words
      • Article
        Lock icon N Korea renews nuclear threats
        72 5 AFP SEOUL North Korea has renewed threats to reactivate its suspect nuclear facilities if Washington insists that Pyongyang accept South Korean-made reactors, setting a strident tone ahead of their talks in Berlin. A foreign ministry spokesman in Pyongyang accused Washington of insisting on South Korean
        AFP  -  72 words
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      196 words
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  • THE WORLD
    • Article
      Lock icon US Fed Reserve divided over proposal on price stability goal
      505 6 Reuter WASHINGTON Congressional proposals to make stable prices the Federal Reserve's sole goal have divided the central bank in a split analysts say may prove a harbinger of differences over interest rates later this year. "It's a very complex issue,"
      Reuter  -  505 words
    • Article
      Lock icon US leads world or is equal in 27 critical technologies: report
      325 6 AP WASHINGTON The United States leads the world or is equal to other countries in 27 critical technological areas, but the nation is losing ground in some areas, a White House report says. A study by the White House
      AP  -  325 words
    • Article
      Lock icon Iran has chemical arms on Gulf islands: Perry
      203 6 Reuter MANAMA Iran has moved chemical weapons, anti-ship missiles and 8,000 troops to islands at the mouth of the Gulf in a build-up that could threaten oil shipping, US Defence Secretary William Perry said yesterday. Mr Perry, on a week-long Gulf trip,
      Reuter  -  203 words
    • Article
      Clinton administration under fire over inept handling of WTO nomination
      480 6  -  From Leon Hadar in WASHINGTON AFTER months of bitter debate between the United States and the turopean Union over the seleetion of the head of the new World Trade Organisation, the Clinton administration has finally dropped its opposition to the
      480 words
    • Article, Illustration
      Lock icon Deathly calm after the storm
      86 6 AFP GROZNY, Russia A Russian Orthodox priest, Father Kipriyan, holding his Kalashnikov gun in one hand and an Orthodox cross in the other at a cemetery in Grozny. Before him is a mass grave filled with civilian victims who died in battles for Grozny, the
      AFP  -  86 words
    • WORLD WATCH
      • Article
        Lock icon EU TV rule unconstitutional: court
        71 6 Reuter KARLSRUHE, Germany Germany's highest court yesterday ruled that parts of the European Union's 1989 directive requiring broadcasters to devote most of their screen time to European programmes were unconstitutional. The court ruled the directive approved by the federal government in Bonn partially violated states'
        Reuter  -  71 words
      • Article
        Lock icon Orange County talks collapse
        95 6 Bloomberg Business News SANTA ANA, California Negotiations between representatives of Orange County. California, and investors in its failed investment pool have collapsed over the backing of US$255 million (***** million) in "recovery notes" intended to compensate investors for part of their losses. The Orange County investment
        Bloomberg Business News  -  95 words
      • Article
        Lock icon Turkey's raid into Iraq continues
        94 6 Reuter ANKARA Turkey pressed its cross-border attack on separatist Kurdish guerillas in northern Iraq for a third day yesterday, raising concerns abroad about the fate of refugees in the region. The huge operation, involving up to 35,000 troops advancing 40 km into Iraq, also provoked
        Reuter  -  94 words
      • Article
        Lock icon Russia launches military satellite
        41 6 AFP LONDON Russia yesterday launched a military' satellite from the Plesetsk cosmodrome in the north of the country. The ItarTass news agency described the launch as being "in the interests of the Russian ministry of defence". AFP
        AFP  -  41 words
    • Article
      Lock icon Major wins key EU farm policy vote despite party rift
      370 6 Reuter LONDON British Prime Minister John Major has won a key parliamentary vote after a debate that highlighted deep divisions on Europe threatening to tear apart his ruling Conservative party. Mr Major won the late Tuesday night vote on European
      Reuter  -  370 words
    • Article
      Lock icon World's biggest consulting firm faces US$100m suit
      388 6 Bloomberg Business News STAMFORD. Connecticut Andersen Consulting is being charged with fraud, incompetence and neglect in a US$lOO million (SSI4I million) lawsuit filed by UOP. a closely he|d engineering company based in Des Plaines. Illinois. In its lawsuit, which also seeks unspecified punitive
      Bloomberg Business News  -  388 words
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      Page 6 Advertisements Column 1
      110 6 jj yj L I'l rsrlilnl llv l)iilis: I I ill r: rn ii r ."-Hal4l. 2.'»r«l Marrli '<)."> opni Singapore lmlour Slailinm I'rirr.s: s 2 2r>. si:>o, s«o. sr>o I. millinrs: llnllinr: I ii 272 imimt :i i;; r>r>r>.~» 110 r»t:: i y /i. /.i/s S/S ll* tmllfl>- y A
      110 words
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  • SPORTS
    • Article, Illustration
      Lock icon Wilander has plenty to spare as he advances in Lipton
      534 7 Reuter KEY BISCAYNE. Florida Mats Wilander chose the song Running on Empty for his introductions at the US$4.l million (Sss.B million) Lipton Championships, but he had plenty left to reach the quarterfinals with a 6-4 6-2 victory over Jan Siemerink
      Reuter  -  534 words
    • Article, Illustration
      Lock icon Rejuvenated Magic beats Suns in NBA meet
      659 7 AP NEW YORK A few days off seemed to give Shaquille O'Neal and the Orlando Magic a fresh start. The Magic stopped their longest losing streak of the season at three games on Tuesday night, beating the Phoenix Suns 126-102 in a meeting
      AP; Reuter  -  659 words
    • Article
      All eyes will be on debut of the English team
      570 7  -  Cathay Pacific-Hongkongßank Invitation Rugby Sevens From Shahiron Sahari in HONGKONG ONE of England's most successful businessmen, Richard Branson, breezed into town earlier this week on a promotional visit, but the biggest news at this year's Cathay Pacific Hongkongßank Invitation Rugby
      570 words
    • Article
      Lock icon Seles wants stiffer sentence for man who stabbed her
      431 7 AP HAMBURG Monica Seles, still trying to overcome the trauma of her stabbing, has appealed to a German court to give her assailant a stiffer sentence than a suspended term. The former No 1 in women's tennis has not played since
      AP  -  431 words
    • Article
      Lock icon Capitals pip Senators to move into second place in NHL
      332 7 Reuter WASHINGTON Peter Bondra's goal with about seven minutes remaining was the only goal needed by Washington rookie goal-tender Jim Carey as he turned aside just 13 shots in leading the Capitals to a 1-0 win over the Ottawa Senators
      Reuter  -  332 words
    • SIDE LINES
      • Article
        Lock icon Storm halts America's Cup semifinal
        130 7 AP SAN DIHGO A Pacific storm that brought high wind and waves forced the abandonment of Tuesday's semifinal races in the America's Cup. The westerly winds ranged from 16 to 20 knots, with gusts up to 25 knots. The limit for racing the 23 m
        AP  -  130 words
      • Article, Illustration
        Lock icon Hercules felled by a blow
        51 7 Reuter MAR DEL PLATA, Argentina A referee helping Canadian boxer Hercules Kyvelos after he was hit by a low punch from Cuban Juan Hernandez during a 67 kg welterweight boxing match at the Pan American Games on Tuesday. The fight was eventually awarded to Kyvelos.
        Reuter  -  51 words
      • Article
        Lock icon Sri Lanka wins first series abroad
        133 7 Reuter DUN EDI N. New Zealand Sri Lanka won its first Test series abroad yesterday by drawing the second Test against New Zealand at Carisbrook yesterday. Beaten by 241 runs in the first match of the two-test series in Napier last week, the onus
        Reuter  -  133 words
      • Article
        Lock icon US baseball strike talks deadlocked
        118 7 AP NEW YORK US Major League Baseball players and owners took a step backward during a secret session between acting commissioner Bud Selig and union head Donald Fehr. Selig, according to two sources with knowledge of the meeting on Tuesday, talked about raising their tax
        AP  -  118 words
    • SCORE CARD
      • Article, Illustration
        Basketball
        37 7 NEW YORK NBA on Tuesday: Charlotte 78. New York 69; Miami 97, Indiana 95; Detroit 102. New Jersey 95; Orlando 126, Phoenix 102; Milwaukee 115. Golden State 109; Seattle 104. Houston 102; Portland 111. Washington 106.
        37 words
      • Article, Illustration
        Cricket
        60 7 DUNEDIN, New Zealand Sri Lanka drew in the second Test against New Zealand at Carisbrook yesterday. Scores: Sri I.anka 233 (CVaas 51) and 411 (AGurusinha 127. H Tillekeratne 108. A Ranatunga 90). New Zealand 307 (B Young 84. S Fleming 66. D Patel 52). C Vaas six for 87
        60 words
      • Article, Illustration
        Ice hockey
        29 7 NEW YORK NHL on Tuesday: Pittsburgh 3, Buffalo 2; Washington 1. Ottawa 0; Vancouver 3. Toronto 1; Chicago 7. San Jose 3; Los Angeles 3, Anaheim 3.
        29 words
      • Article, Illustration
        Lock icon Tennis
        487 7 AP KEY BISCAYNE, Honda Results on Tuesda> of IJpton Championships: Men singles, 4th rd: Pete Sampras (US) b Bernd Karbacher (Ger) 6-2, 6-3; Wayne Ferreira (SA) b Todd Woodbndge (Aust) 6-7 (8-10). 6-4. 6-2; Mats Wilandcr (Swe) b Jan Siemerink (Neth) 6-4, 6-2; Magnus Larsson (Swe) b Paul Kilderry
        AP  -  487 words
    • Article
      Lock icon Akebono remains unbeaten in grand sumo tournament
      248 7 AP OSAKA American Akebono. the only unbeaten wrestler. pushed out lower-ranked Takatoriki yesterday, while Wakanohana suffered his second upset with four days left in the 15-day Spring Grand Sumo Tournament. One bout behind yokozuna (grand champion) Akebono at 10-1 were yokozuna Takanohana and
      AP  -  248 words
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  • INNOVATION & TECHNOLOGY
    • IN TAKES
      • Article
        Lock icon Digital releases broadcast video
        83 8 Reuter BOSTON Digital Equipment Corp has put out a video system designed to let broadcasters shift production to full digital technology from standard analogue. And it predicts big business for the new system. The Alpha Studio Broadcast System, which is priced starting at US$ 150,000 (*****,000),
        Reuter  -  83 words
      • Article, Illustration
        Lock icon RAM and the human brain
        81 8 AP ATLANTA How much RAM does the human brain possess? According to John Gilmore. a senior research scientist at Georgia Tech's Information Technology Laboratory, researchers estimate the brain's random access memory at somewhere between 2,000 and 8,000 megabytes. At the going price of about USSSO
        AP  -  81 words
      • Article
        Lock icon Plugs for eyes dried by TV screens
        83 8 UPI TOKYO Eight million Japanese suffer vision problems caused by dry eyes. A physician, Kazuo Tsubota of Tokyo's Ichikawa Sogo Hospital, says video and computer screens are to blame. Dr Tsubota's solution: implant pencil-tip-size collagen plugs into the the eyelid's four lachrymal points,
        UPI  -  83 words
      • Article
        Lock icon Link seen between smoking, cancer
        90 8 AP BALTIMORE The strongest evidence yet tying tobacco smoke directly to the genetic damage that leads to cancer was reported last week by a research team in Baltimore. The new work, reported in the latest New England Journal of Medicine, "is molecular proof that smoking
        AP  -  90 words
    • Article, Illustration
      Lock icon A phone in every hand
      1008 8  -  As technology races ahead, every Singaporean may end up with a handphone one day. Jeffrey Tsang reports Jeffrey Tsang THE phone rings. The client required the quotation yesterday but will be satisfied if he can have it on his desk within the next five minutes.
      Source: Mobile Communications Int'l  -  1,008 words
    • Article
      Lock icon Scientists rack their brains over consciousness
      576 8  -  Sandra Blakeslee reports on the latest insights into how the brain works Sandra Blakeslee NYT FOR scientists who study the human brain, even its simplest act of perception is an event of astonishing intricacy. Consider this: It is a beautiful spring day and you
      NYT  -  576 words
    • Article, Illustration
      Lock icon Why Jurassic Park remains a fiction
      393 8 AP SORRY, science fans, but for the moment Jurassic Park remains a fiction. Chinese scientists who reported obtaining gene fragments from a fossilised dinosaur egg rule out the possibility that the animals can be brought back to life. Xinhua news agency said this week.
      AP  -  393 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      192 8 HI A Call For Entries To Receive Singapore's Prestigious National NATIONAL SCIEIUCE AWARD IHH Hi FOR OUTSTANDING CONTRIBUTION TO BASIC W research in the fields of science, r l r engineering and medicine. 1 «i ■HHp< "iljgj This award consists of a Crystal Trophy, Citation Certificate and 3 cash prize
      192 words
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  • THE LAW PAGE
    • Article, Illustration
      Lock icon US lawyers feeling the strain of stress
      596 9 Longer hours, work pressures and low esteem cited as reasons NYT IF STUDIES showing rising job dissatisfaction among lawyers are anything to go by, not to mention confessions by lawyers at the bar the other kind, where the drinks are lawyers are lugging
      NYT  -  596 words
    • Article
      Lock icon US Congress faces brawl over tort
      386 9 FT THE United States' Repub I ican-con trolled House of Representatives, whieh recently wrapped up its comprehensive assault on federal regulations, has turned its attention to one of the most controversial populist issues in its "Contract with America" tort reform. It will consider placing
      FT  -  386 words
    • Article, Illustration
      Will more JCs be appointed?
      444 9 AT THE-®^ Singapore's legal circles are abuzz with talk that several lawyers have been approached to be appointed Judicial Commissioners (JCs). Specific names are being mentioned, including a former Law Society president. But a source said such rumours have been circulating in the legal community
      444 words
    • Article
      UK rejects bid to broaden libel laws
      189 9  -  By Ramesh Divyanathan A BILL allowing foreigners to sue in the English Courts for an act which amounts to a civil wrong under their own laws has been rejected. The Bill would have facilitated a foreigner unhappy with comments published in Britain to
      189 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      238 9 jdmBr Investment opportunity ■jgggr A SPECIAL RELEASE OF jfiOWr 33 RIVERSIDE APARTMENTS rf LONDON El P fMaiTM■ »c!■«■>■ till I! SHI jf i a igia Sa iim iffa„ UMI S,S M m M m wm mm rn m ''HH*****99 1 9"JBiiH Following the recent success of selling in excess CARPETED
      238 words
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      Page 9 Advertisements Column 2
      280 9 Coopers Banking and Insolvency Laws &Lybrand and Practice in Singapore A seminar for lawyers, bankers and credit analysts What are the bank's remedies for problem accounts? How do the banking and insolvency laws in Singapore affect debt recovery? What are the areas of concern in Interest Rate Swap Agreements? This
      280 words
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  • Page 10 Advertisements
    • Advertisement
      Page 10 Advertisements Column 1
      990 10 Nothing BeateA Bucl« where t wime dine and entertain OF I* "GOOD OLD FASHIONED FUN. AT CLUB 5." English and Chinese all time favourites performed 'live'. Drinking and dancing. Fashion show every Monday and Thursday. Happy Hours Monday to Friday. 5 pm 8 pm, with one for one standard dnnks.
      990 words
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      Page 10 Advertisements Column 2
      339 10 Ml/inl 17 to 26 March 1995 Pine Court Here's a chance for you lo 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
      339 words
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  • LIFESTYLE
    • Article, Illustration
      Lock icon No more bullets for Woody?
      541 11 Hollywood seems to have forgiven Woody Allen, judging by the seven Oscar nominations for his latest movie AFP THREE years ago Woody Allen was embroiled in a messy and public family dispute that eclipsed his work as a film director and led some critics to
      AFP  -  541 words
    • Article
      Shedding light on the Middle Ages
      533 11  -  The Ferrara Ensemble brought alive Mediaeval music at a concert on Tuesday. Tan Su Ling reviews Tan Su Ling The writer is a music teacher who contributed this review to Business Times THE MUSIC of the Mediaeval period has always retained a certain amount
      533 words
    • CHATTER BOX
      • Article, Illustration
        Lock icon Snow White cell fetches handsome price
        276 11 Reuter UPI UPI A SIGNED Walt Disney cartoon attracted the top price of £5,750 (SSI2,880) at the start of a three-day sale of entertainment industry mementos, the auctioneers said on Tuesday. About £44.580 was raised on the first day of the event, London-based auctioneers
        Reuter; UPI  -  276 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      419 11 WHERE TO WINE, DINE AND ENTERTAIN ißtekJfastErs 1 II tQjiuiiljQj Olde English Eating House H 277 Orchard Rd #02-38 Specialists' Centre S (0923) Es2= CBD PASS! I When you spend $25/- or more at Fosters for lunch |§1 or afternoon tea from Mon-Sat, show us your valid gig] HI daily
      419 words
  • Page 11 Miscellaneous
    • Miscellaneous
      Page 11 Miscellaneous Column 1
      1244 11 TV RADIO From Food to Accesso- if. A look from being .7 an American prodcrate Grand Metropolitan. Great Castles of Europe Rhine Castles, 9.30pm, Ch 12 In (his List instalment, get §X|K ready to swoon j|Hl legends on to H Tom Berenger. Corbin Bcrnsen a team no the Series. l3^;
      1,244 words
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  • Article
    Getting focused on land transport
    510 12 ANY MOVE to ease traffic flow and make travelling in Singapore more pleasant has to be welcomed. While the overall road system runs smoothly most of the time, jams do occur near choke points in several parts of the island, even at off-peak hours. But,
    510 words
  • WHAT THE OTHERS SAY
    • Article
      New start for Vietnam
      241 12 VIETNAMESE Foreign Minister Nguyen Manh Cam said that 1995 would be a historic year for Vietnam and Asean. Indeed, it should be. Two decades after the country's reunification, Vietnam is coming out of the cold to join Asean as its seventh member when the grouping's foreign
      241 words
    • Article
      Unfortunate controversy
      207 12 THE CONTROVERSY between the Philippines and Singapore over the hanging of a Filipina maid last week is an unfortunate development as it was purely a matter concerning the administration of justice in Singapore. Following Singapore's rejection of the appeal by the Philippines for a stay, there were a
      207 words
    • Article
      Ban poison gases
      130 12 IT IS INFURIATING that terrorists should choose the busiest morning hours to plant a highly toxic nerve gas in subway stations in Tokyo in an attempt to murder on a mass scale. It will be even more worrying if terrorists in other countries follow suit, wreaking havoc
      130 words
    • Article
      Fighting the drugs scourge
      150 12 FIGHTING has begun again in rugged northern Myanmar, close to Thailand. The target of the latest offensive by the Myanmar army is the drug warlord and self-professed Shan freedom fighter, Khun Sa. The head of Yangon's State Law and Order Restoration Council (Slorc), Khin Nyunt, has
      150 words
    • Article
      Laws must be enforced
      132 12 LAST WEEK'S HANGING of a 42-year-old Filipino maid, Flor Contemplation, convicted of a double murder by a Singapore court, seems to be straining the relations between Singapore and the Philippines, our friendly neighbours and allies in Asean. As reportedly admitted by Philippine Solicitor-General Raul Goco: "They
      132 words
    • Article
      A voice for the brokers
      161 12 IT LOOKS LIKE the slumbering stock market of late has allowed stockbrokers time to sit back and address the long overdue need for them to act in concert through a representative body on issues related to the securities industry. The Malaysian Stock Brokers Association (MSBA)
      161 words
  • Article, Illustration
    Lock icon China gets cold feet on bankruptcies
    1017 12  -  More than a third of Chinese state-owned firms are in the red, but letting them go under is fraught with socio-political danger. Hiroyuki Akita reports Hiroyuki Akita The Nikkei Weekly Nothing dies as slowly as an ailing state enterprise. Especially when the executioner is
    The Nikkei Weekly  -  1,017 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      21 12 EFFECTIVE RECRUITMENT ADVERTISING. ITS ONLY A CALL AWAY... To advertise your Appointments or Notices, call toll-free 1-800-741-1883 j Th< StraiU Tim—
      21 words
    • Advertisement
      Page 12 Advertisements Column 2
      334 12 INFiMine An SPH AudioTex Seryjce ENGLISH NUMBER Children's Funland Heaven Is In An Uproar 910 0001 Usborne Book Line Chinese Vampires 910 0002 Horse Racing Results 911 0001(*) 4D/S Weep/Toto Toto Draw No 956 911 0002(*) Tele-Games Crack The Safe A Mrs Wizards's 911 0003 Crystal Ball 8 Mensa Line
      334 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      57 12 J v- >ST PnyvG a no rrs good floucy to WELLS OGLLS— lOHAT CoU«JfeSV Visa*Tfc VjCT S6E. >CUR P> Cur^B.... FOORTpcm PftCC. OCCPfSCWfcU>/.... Oughts... V-L00K... uiocuno wwvw 94CH DOONESBURY GARRY TRUDEAU A UJB THINK &N6OCNTS 1 KNOtO—ANP ...and neve w-bksakSSt HewotrrexpEcrrn IH ■P^__ > <ZHetXX&?ANOTHER tMSMSIHAW WHBLL.eVBN\ TAJU:AAI BREAKFAST FOR.
      57 words
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  • ANALYSIS
    • Article, Illustration
      The ghost of Mexico still haunts Asian markets
      1386 13  -  Vikram Khanna, examining the changed thinking of money managers and economists over the last three months, finds them still on their guard despite accepting that Asian emerging markets are nowhere as prone as the Mexican economy was to the meltdown it suffered
      1,386 words
    • Article, Illustration
      Deliver — or else
      1115 13  - Deliver or else John Byrne finds Corporate America finally linking CEO compensation to corporate performance John Byrne IT STILL may be difficult to work up much sympathy for anyone who gets paid a million or two a year. And in 1995, without question, American chief executives will bring home more
      1,115 words
  • Page 13 Advertisements
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  • Article
    Lock icon Developing states not backing Ruggiero as WTO chief yet
    492 14 Reuter GENEVA Developing countries angry over a backstage United States deal with South Korea yesterday blocked quick endorsement of Italy's Rcnato Ruggiero as directorgeneral of the new World Trade Organisation (WTO). Diplomats said efforts to get all eligible 128 countries to
    Reuter  -  492 words
  • Article, Illustration
    Lock icon Police raid religious cult complex
    57 14 Reuter TOKYO A policeman carrying a box containing possible evidence out of an Aum Shinri Kyo building in a raid on the secretive religious cult complex in Tokyo on Wednesday, linked by media reports to Monday's nerve-gas attacks on Tokyo subways. The gas attack killed
    Reuter  -  57 words
  • Article
    Lock icon Barings said to have demoted senior staff
    258 14 Reuter LONDON Barings has quietly demoted or sent home some senior executives following last month's collapse of the British merchant bank group, although none has been officially fired. Sources at Barings yesterday said some senior officials had been stripped of their management roles,
    Reuter  -  258 words
  • Article
    Lock icon Bundesbank's case for rate cut boosted by money supply data
    410 14 Bloomberg Business News, Reuter FRANKFURT The Bundesbank yesterday released a flurry of money supply statistics that gave it fresh ammunition for a cut in German interest rates. The central bank said Germany's money stock was steady in February after four
    Bloomberg Business News,; Reuter  -  410 words
  • Article
    Lock icon M$5m worth of scrip sent by Barings missing
    203 14 Reuter KUALA LUMPUR Share scrip with a paper value of MSS million (552.7 million) sent by Baring Securities in Singapore to its Malaysian sister company are missing. Police yesterday said the scrip was discovered missing on Monday from three bags stored in
    Reuter  -  203 words
  • Article
    Lock icon Rival banks' criticisms anger Credit Lyonnais
    201 14 Reuter PARIS The chairman of Franco's Credit Lyonnais reacted angrily yesterday to competitors' thinly veiled criticisms of the huge state rescue package for his bank, accusing them of double standards. Piqued by a joint statement from Banquc Nationalc dc Paris (BNP) and Socictc (icncralc
    Reuter  -  201 words
  • Article, Illustration
    Cold truth behind Congress' loss in Indian politics
    797 14  -  The Bottom Line G PANICKER G PANICKER The writer is a BT journalist THE OUTCOME of the recent Indian elections has discredited exit polls and debunked the political pundits. Three often-heard reasons for the defeat of the Congress (I) Party are that:
    797 words
  • Article
    Lock icon Yonex wins key Indon trademark case
    242 14 Reuter JAKARTA Japanese sports manufacturer Yonex Co has won a marathon legal battle over the use of its brand name, setting what lawyers called yesterday a milestone in Indonesia's battle against trademark piracy. Lawyers representing Yonex said the Central Jakarta District Court had earlier
    Reuter  -  242 words
  • Article
    Lock icon Deng has high fever: report
    98 14 AFP TAIPEI Chinese paramount leader Deng Xiaoping is still hospitalised in Beijing after suffering from high fever for a week, a newspaper reported here yesterday. The 90-year-old leader's condition was said to be stable but poor cerebral blood flow had impaired his ability to think
    AFP  -  98 words
  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      91 14 M/SKET IN G| Tomorrow in Business Times AUCTION SALE Freehold Residential Land near Paya Lebar MRT St Sub-regional Centre Land area 16,897.3 sm £52 (approx 181,883 sf) a p,ot Ra ti° up to 2.8 (gross) l( off]□ Date of Auction 6 April 1995 at 2.30 pm /Map-"ssr Venue Ballroom 1,
      91 words
    • Advertisement
      Page 14 Advertisements Column 2
      19 14 China must show commitment to join WTO, Pg 4 Clinton admin under Tire Tor handling of nomination, Pg 6
      19 words
    • Advertisement
      Page 14 Advertisements Column 3
      20 14 F* MAK KE TIN t-r 1 Tomorrow in Business Times Credit Lyonnais to axe 2,000 jobs this year, I*g 19
      20 words
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  • COMPANIES & MARKETS
    • Article
      NatSteel disappoints with 36% drop in net earnings
      480 15  -  By Lee Han Shih SINGAPORE Nat Steel shocked the stock market yesterday by declaring 1994 net earnings way below expectations and saying 1995 prospects for steel remained challenging. The group posted a 7.7 per cent increase in turnover to $1.53 billion in
      480 words
    • Article
      Haw Par confounds analysts with 11% drop in earnings
      264 15  -  By Shiv Taneja SINGAPORE Haw Par Brothers International yesterday posted disappointing results, with an 11 per cent drop in 1994 profits against analysts' forecast of an 18 per cent rise. The company chalked up group net earnings of $25.6 million for
      264 words
    • Article, Illustration
      UIC Land awards Stamford Court contract
      294 15 SINGAPORE UIC Land, a subsidiary of listed United Industrial Corporation, has awarded the main building contract for its Stamford Court project at the junction of Stamford Road and Hill Street. The contract went to Evergreat Construction. Work on the office and retail development will
      294 words
    • Article
      UOB seeks trading suspension today
      160 15 SINGAPORE United Overseas Bank has requested a trading suspension on its shares, warrants and bonds on the Stock Exchange of Singapore today, pending a "price sensitive" announcement. While the bank did not say what the announcement would be, it is expected to release its 1994
      160 words
    • EYE on your STOCKS
      • Article, Illustration
        MARKET MOOD
        48 15 Mixed 'Market Mood' indicates the likely trading sentiment today, based on brokers polled at 5-6pm yesterday. Overnight events may alter sentiment. Brokers polled: Alliance, Credit Lyonnais Securities. Daiwa. Fraser, GK Goh, Kay Hian, Morgan Grenfell, OngCo, Nomura. Phillip, Smith New Court, Wl Can and SG Warburg.
        48 words
      • Article, Illustration
        HOT STOCK
        122 15  -  By Paul Leo INTRACO is a good buy below $2.00. Yesterday's volume was exceptionally strong at 1.03 million units more than 50 times the 10-day average of 20,000 shares and 25 times the previous day's 40,000 units. Most of the demand was concentrated at $1.97 and the day's
        122 words
    • Article
      UOL earnings dip 7%, Plaza Hotel's drop 35%
      323 15  -  By A J Leow SINGAPORE United Overseas Land (UOL) yesterday posted a 7 per cent drop in group net earnings to $38.14 million for the year ended Dec 31, 1994, despite a higher turnover. This works out to earnings of 7.7 cents
      323 words
    • Article
      Permanis could be the key to YHS saga
      746 15  -  HOCK LOCK SIEW By Lee Han Shih SINGAPORE A lot of names have been thrown about in the latest Yeo Hiap Seng Ltd saga. There is, of course, property magnate Ng Teng Fong, the controlling shareholder of the listed beverage maker, and
      746 words
    • COMPANIES
      • COMPANY BRIEFS
        • Article
          Lock icon MMC raises stake in McIntosh Sec
          75 16 Reuter MELBOURNE Malaysia Mining Corp Bhd has raised its holdings in listed Australian companies by acquiring a 6.1 per cent stake in stockbroker Mcintosh Securities Ltd. MMC acquired the parcel of 4.65 million shares in two tranches of 3.45 million at A 51.25 (551.29)
          Reuter  -  75 words
        • Article
          Lock icon Metacorp to appeal rights issue terms
          69 16 Bernama KUALA LUMPUR Metacorp Bhd said it would appeal to the Securities Commission to revise the terms of its proposed rights issue to 27.94 million ordinary shares of Msl (550.56) each priced at M 55.30 per share on the basis of one for three
          Bernama  -  69 words
        • Article
          Lock icon M'sian Electric's initial issued capital
          36 16 Bernama KUALA LUMPUR Perusahaan Otomobil Nasional Bhd said the initial issued and paid up capital of Malaysian Electric Vehicles Sdn Bhd will be nine million ordinary shares of Msl each. Bernama
          Bernama  -  36 words
        • Article
          Lock icon Malayan Flour Mills deeper in the red
          37 16 Bernama KUALA LUMPUR Malayan Flour Mills Bhd reported group pre-tax loss of M 52.44 million for the year ended Dec 31, 1994 from a loss of M 5743,000 previously. Bernama
          Bernama  -  37 words
        • Article
          Lock icon United Chemical improves profit
          32 16 Bernama KUALA LUMPUR United Chemical Industries Bhd reported a group pre-tax profit of M 52.02 million for the year ended Dec 31, 1994 from MSI.BB million previously. Bemama
          Bernama  -  32 words
        • Article
          Lock icon Diethelm buys travel agency
          35 16 Bernama KUALA LUMPUR Diethelm Holdings (M) Bhd, through Diethelm Transport Holdings Sdn Bhd, has proposed to buy the entire interest of Harpur Travel Management Sdn Bhd for MS 1.2 million. Bemama
          Bernama  -  35 words
      • Article
        Untitled
        1442 16 MautarV prtew Mar 23 US Gr Fund 0.98 1.02** Singapore Unit Trust UOB Asset Mgt Ltd The Commerce 1.57 1.66 Lnifund 1.31 1.37 The Savings Fund 1.42 l.50xd Unibond-t- 1.015 1.040 S"pore Prog Fund 0.57 0.61 United Gr Fund 1.55 1.61 S pore Sec Fund 0.94 1.00 United Asia Fund
        1,442 words
      • Article
        Jurong Engineering earnings up 8% to $11.75m
        407 16  -  But result falls far short of analysts' forecast of 16.6 million By Schutz Lee SINGAPORE JURONG Engineering Ltd yesterday reported an 8.2 per cent rise in group net earnings to $11.75 million for the year ended Dec 31, 1994. However, its result falls
        407 words
      • Article, Illustration
        Lock icon PAL chief cool on equity conversion plan
        188 16 Reuter MANILA The chairman of Philippine Airlines (PAL) has given the cold shoulder to a proposal by a group of investors who want to own direct shares in the flag carrier. Minority stockholders of PR Holdings Inc, the consor- tium that controls the
        Reuter  -  188 words
      • Article
        Bakrie and Salomon Bros in financial services tie-up
        168 16  -  From Leslie Lopez in JAKARTA INDONESIA'S diversified Bakrie Group has formed a joint venture with Salomon Brothers to participate in international capital raising and financial advisory services for the Indonesian public and private sector. In a statement released yesterday, Salomon said it
        168 words
      • Article
        Lock icon Practical problems loom in reduced lots plan, says KLSE
        383 16 Bernama KUALA LUMPUR The Kuala Lumpur Stock Exchange's plans to reduce the size of share lots traded would not be a simple transition for the bourse as there are certain practical aspects to be considered, its general manager Salleh Abdul Majid
        Bernama  -  383 words
      • Article
        Sin Soon Huat makes modest debut
        168 16 SINGAPORE Industrial hardware supplier Sin Soon Huat made a modest debut on Sesdaq yesterday, closing half a cent below its 46 cent issue price on volume of 887,000 shares. It opened at 47 cents but dipped to 45.5 cents within 30 minutes. Most of
        168 words
      • Article
        E&O to raise M$103m through two issues
        365 16  -  From Ruth Wong in KUALA LUMPUR PROPERTY-BASED Eastern Oriental Bhd (E&O) yesterday proposed to raise M 5103.52 million (5557.5 million) cash through a two-for-three rights issue and a special issue. It also proposed to buy four commercial properties from Land General Bhd (L&G)
        365 words
      • Article
        MRCB Telecom to explore tie-ups with Canadian company
        258 16 KUALA LUMPUR MRCB Telecommunication Sdn Bhd has struck a memorandum of understanding (MoU) with Canada's Saskatchewan Telecommunications International Ltd (Sasktel International) and a local firm Sasktel Communications Sdn Bhd for possible tie-ups. Executive chairman Abu Bakar of MRCB Telecommunication, a wholly-owned unit
        258 words
      • Article
        SCS logs 18% rise in profit to $6.3m on turnover surge
        372 16  -  By Claire Leow SINGAPORE Singapore Computer Systems (SCS) has reported a 18.38 per cent rise in net earnings to $6.3 million for 1994, from $5.3 million in 1993. The information technology company, which distributes hardware and software and provides
        372 words
      • Article
        Revamped SNP Corp's profit rises 19% to $5m
        277 16  -  By Ven Sreenrvasan SINGAPORE Recently restructured SNP Corp yesterday announced a 19.3 per cent rise in net earnings to $5.15 million for 1994, from $4.32 million in 1993. Group turnover in the year to Dec 31, 1994, rose 15.6 per cent to
        277 words
      • Article
        Rotary reports 70% slide in profit
        233 16  -  By Teh Hooi Ling SINGAPORE Rotary Engineering has reported a 70 per cent drop in net profit to $2.6 million for 1994, on a 31 per cent drop in turnover to $58.9 million. The engineering and construction group's operating profit before tax was boosted
        233 words
      • Article
        CSH to take 27% stake in London-listed Bolton Group
        376 17  -  From Lim Soon Neo in HONGKONG OEI Hong Leong's China Strategic Holdings (CSH) yesterday announced a deal that will give it a 27 per cent stake in London-listed Bolton Group. A CSH spokesman said the deal, worth as much as £4.9
        376 words
      • Article
        Lock icon TVB's net gain rises 23% but ad slump, operating costs bite
        281 17 Bloomberg Business News HONGKONG Television Broadcasts Ltd (TVB), Hongkong's largest television company, yesterday said net profit rose 23 per cent in the financial year ended Dec 31, 1994. TVB said that 1994 profit, after tax and minority interest payments,
        Bloomberg Business News  -  281 words
      • Article
        Lock icon HK's Hopewell chalks up HK$455m interim operating profit
        288 17 Reuter HONGKONG Hopewell Holdings yesterday said its interim operating profit before exceptional items was up 27 per cent to HKS4SS million (5583.3 million) from HK$359 a year earlier and said it expected satisfactory full-year results. The net profit of the civil engineering
        Reuter  -  288 words
      • Article
        Lock icon Li firm revising Beijing plaza plan
        269 17 AFP HONGKONG A Beijing commercial plaza planned by Hongkong tycoon Li Kashing's firm has gone back to the drawing board because its original blueprint obscured prominent public buildings around Tiananmen Square, it was reported yesterday. The US$l.2 billion (S$ 1.7 billion) Orient Plaza commercial
        AFP  -  269 words
      • Article, Illustration
        Lock icon Kissinger meets Tata chief
        41 17 Reuter BOMBAY Former US secretary of state Henry Kissinger talking to Ratan Tata, chairman of the l ata group of companies, on Tuesday. Dr Kissinger is in Bombay to deliver the Sir Dorab Tata Memorial Lecture. Keuter
        Reuter  -  41 words
      • Article
        Wharf posts 14% rise in profit to HK$3.1b
        437 17  -  From Lim Soon Neo in HONGKONG WHARF Holdings yesterday reported a 13.8 per cent increase in group net profit to HKS3.I billion ($574.1 million) for the vear ended Dec 31, 1994. The results are lower than analysts' expectations for the full year.
        437 words
      • COMPANY BRIEFS
        • Article
          Lock icon Bowater boosts profits by 10%
          75 18 Reuter LONDON Bowater pic, Britain's biggest packaging group, said on Tuesday it had survived enormous price rises for crucial raw materials in 1994 to boost profits more than 10 per cent. Pre-tax profits rose roughly in line with forecasts to £226 million (SSSO6 million), versus
          Reuter  -  75 words
        • Article
          Lock icon Earnings down at HK telecom firm
          122 18 Bloomberg Business News HONGKONG Champion Technology Holdings, a Hongkong telecommunications company with operations in China and Russia, yesterday said its net earnings fell 11.3 per cent in the six months ended Dec 31, due to decreasing profit margins from its China paging business. The
          Bloomberg Business News  -  122 words
        • Article
          Lock icon Daewoo shares down on talk of losses
          71 18 Reuter SEOUL Shares in member firms of the Daewoo group fell in early trading yesterday on unconfirmed talk that Daewoo Heavy Industries had posted much smaller net profits in 1994 than its target. Brokers said Daewoo Heavy went limit down, losing 600 won
          Reuter  -  71 words
        • Article
          Lock icon India's Parry seeks Chevron's stake
          73 18 Reuter NEW DELHI India's EID Parry Ltd is holding talks with the US-based Chevron Chemical Co to buy out the latter's stake in Coromandel Fertilisers Ltd. The Business Standard newspaper yesterday quoted senior Parry officials as saying a deal with Chevron could be struck any
          Reuter  -  73 words
        • Article
          Lock icon BHP wants gas expansion
          64 18 Reuter CANBERRA The Broken Hill Pty (BHP) Co Ltd wants to immediately lift production at its North-West Shelf liquefied gas project by at least five million tonnes a year. The Australian Financial Review newspaper yesterday quoted BHP Petroleum chief executive John O'Connor as saying: "Our business
          Reuter  -  64 words
        • Article
          Lock icon India to publish findings on BSE crisis
          95 18 Reuter NEW DELHI The Indian government will publish the Securities and Exchange Board of India's investigations into the current payments crisis facing the Bombay Stock Exchange. Finance Minister Manmohan Singh yesterday told a gathering of 3,000 bankers and businessmen: "Sebi is looking into
          Reuter  -  95 words
      • Article, Illustration
        Lock icon Sony promotes marketing man to succeed Ohga as president
        304 18 Bloomberg Business News TOKYO Sony Corp, reeling from a multi-billion dollar loss on a Hollywood investment, the illness of its founder and disappointing earnings, has tapped a marketing executive to take over as president. Nobuyuki Idei will take charge on April
        Bloomberg Business News; Reuter  -  304 words
      • Article
        Lock icon Bayer may have to move 10% of production abroad
        184 18 FT, Reuter LEVERKUSEN, Germany Bayer, the German chemical group, said it may be forced to move 10 per cent of its production capacity to other countries because of higher energy prices, taxes and labour costs. Presenting the company's annual results, chairman
        FT,; Reuter  -  184 words
      • Article
        Lock icon Kmart's CEO quits on mounting investor pressure
        309 18 Reuter CHICAGO Kmart Corp's embattled chief executive Joseph Antonini resigned under pressure on Tuesday, ending a year-long battle by disgruntled investors for a management overhaul at the faltering discount retailer. Kmart, the second-largest retailer in the United States, said it will launch a
        Reuter  -  309 words
      • Article
        Lock icon Unisys confirms sale of defence business to Loral
        158 18 Reuter, NYT BLUE BELL, Pennsylvania Diversified computer maker Unisys Corp said on Tuesday it had agreed to sell its defence business to Loral Corp for US$B62 million (551.22 billion), confirming reports from Monday. The major computer products maker said the operations being
        Reuter,; NYT  -  158 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon Credit Lyonnais to axe 2,000 jobs this year
        374 19 Bloomberg Business News PARIS Credit Lyonnais plans to cut "about 2,000 jobs" this year after cutting 1,500 positions last year, chairman Jean Peyrelevade said yesterday. He made the comments in an interview on French radio station France Inter. Asked if that contradicted
        Bloomberg Business News  -  374 words
      • Article
        Chase to launch two new forex products in June
        404 19  -  By Soh Tiang Keng SINGAPORE Chase Manhattan Bank here plans to launch two new foreign exchange products in June to boost forex trading and provide better information to its clients on their trading positions. The products are high-tech computer-based systems. The
        404 words
      • Article
        Lock icon Property woes eat into French insurers' profits
        310 19 Reuter PARIS Two of France's biggest insurers have announced 1994 profits that are much lower than first expected, as the country's property slump once again took its toll on the financial establishment. Union des Assurances de Paris (UAP) yesterday said net attributable profits
        Reuter  -  310 words
      • Article, Illustration
        Lock icon Giving their energy to a cause
        48 19 Reuter LUINIMJIN Environmental groups from across Europe protesting outside the headquarters of the European Bank for Reconstruction and Development on Tuesdav. Ihe groups were demonstrating against the ERBD's proposed funding of the completion of the Mochove nuclear power stations in Slovakia. Reuter
        Reuter  -  48 words
      • Article
        Lock icon Prudential posts higher profits, names new head
        286 19 Reuter LONDON Britain's biggest life insurer. Prudential Corp pic, has reported slightly higher 1994 profits, bolstered by a strong performance on the non-life side. Prudential said on Tuesday that 1994 pre-tax profit rose to £603 million (551.35 billion) from £589 million in 1993.
        Reuter  -  286 words
      • SMALL CHANGE
        • Article
          Lock icon AIG to launch US$150m India fund
          72 19 Reuter BOMBAY American International Group Inc (AIG) has signed a preliminary agreement with India's Infrastructure Leasing Financial Services to establish a US$l5O million (*****.5 million) fund, the Times of India reported yesterday. About US$lOO million will be placed with foreign institutions and US$5O million
          Reuter  -  72 words
        • Article
          Lock icon Merrill Lynch lays off 12 employees
          44 19 Bloomberg Business News NEW YORK Merrill Lynch Co has laid off about 12 employees from its municipal bond department, a spokesman said on Tuesday. Officials declined to comment on the reason for the staff reductions. Bloomberg Business News
          Bloomberg Business News  -  44 words
        • Article
          Lock icon HSBC Markets' new man
          67 19 Bloomberg Business News HONGKONG HSBC Markets has hired Martin Taylor of S G Warburg Securities to run fixed-income sales in its Singapore office. Mr Taylor, who has been in the banking business for more than 10 years, had been with Warburg in Singapore for about two
          Bloomberg Business News  -  67 words
        • Article
          Lock icon ASXD: Share ratios to trade in April
          61 19 Reuter SYDNEY ASX Derivatives (ASXD). the derivatives arm of the Australian Stock Exchange (ASX), said it expects trading in its share ratios product will start in late April or early May. Share ratio contracts are based on the relative performance of stocks compared
          Reuter  -  61 words
      • Article
        Lock icon S'pore oil refiners' profits hit by strong local dollar
        463 20 Reuter SINGAPORE Oil refiners in Singapore are watching helplessly as the strengthening local dollar delivers another body blow to already shaky profits. "Refining margins in complex distillations of US$2 (552.80) a barrel is bad news for refiners," one oil company executive
        Reuter  -  463 words
      • Article
        Lock icon Philippine mining prospects improving after flat 1994
        393 20 Reuter MANILA Philippine copper output was stagnant in 1994 and gold slumped, but prospects for the beleaguered mining industry are beginning to improve, industry officials and analysts said yesterday. Copper production in 1994 inched up to 136,880 tonnes from 136,257 tonnes in 1993
        Reuter  -  393 words
      • Article, Illustration
        Lock icon Greenie rigs up a protest
        67 20 Reuter VANCOUVER, British Columbia Ports Canada police looking on as Greenpeace activist Mark Dupont hangs from the bowline of the Royal Venture in Vancouver's harbour on Tuesday, after chaining himself to the rope to block the loading of unprocessed lumber destined for Japan. Activists blocked
        Reuter  -  67 words
      • Article
        Lock icon Indonesia may import more cement from China to beat shortage
        422 20 Reuter JAKARTA Indonesia plans to import more cement from China this year after an acute cement shortage hit the construction sector last year, an official said. A spokesman for stateowned cement distributor Dharma Niaga said the company's director of general
        Reuter  -  422 words
      • Article
        Lock icon Gold, silver prices seen rising later this year
        370 20 Reuter NEW YORK Gold and silver prices are likely to rise later this year due to strong market fundamentals and positive economic and financial trends, said Joe Rosta, research director for CPM Group. In remarks prepared for delivery on Tuesday at the
        Reuter  -  370 words
      • Article
        Lock icon US refiners may be neglecting efficiency
        372 20 Reuter SAN FRANCISCO US refiners striving to stay afloat in a heavily regulated climate could he missing savings opportunities hy overinvesting in plant upgrades and neglecting efficiency, several experts said. While the refining industry is spending billions to comply with environmental regulations. many procedures
        Reuter  -  372 words
      • Article
        Lock icon Kuwait says supply to customers normal
        308 20 ENERGY REPORT Reuter KUWAIT A Kuwaiti oil marketing executive said yesterday customers can rest assured supply would not be affected by a five-day-old strike. "I'd like to make an assurance to all our customers that supplies will not be affected in any way whatsoever."
        Reuter  -  308 words
      • Article, Illustration
        Untitled
        1681 20 US$/S$ forward rates Noon /Mar 22 s$ Bid Offer 1-month ***** 1.4125 2-month I 4068 I 4083 .'•month 1 4027 ***** 6-month 1.3925 I 3945 Source: OCBC FOREIGN CURRENCY NOTE RATES As at 9am on Mar 22 Singapore dollars lo one unit of foreign current) Currencies Bid Ofler Australian dollar
        1,681 words
      • Article
        Lock icon Currency Reports: London
        202 20 Reuter LONDON The dollar had cased off its highs against the mark by the European midsession after following a move higher in reaction to German Vl3 data. Weaker than expected German M 3 money supply data had rekindled market talk about possible German interest rate cuts. But
        Reuter  -  202 words
      • Article
        Lock icon New York
        99 20 AFP NEW YORK The dollar fell sharply in early New York trading yesterday on news of a higher than expected US trade deficit in January, although it recovered some lost ground as the morning progressed. At 1500 GMT. the dollar was trading at 1.4083 marks, down from 1.4125
        AFP  -  99 words
    • COMMODITIES & FUTURES
      • Article
        Lock icon Euroyen, JGB firm on Nikkei retreat
        1380 21 SIMEX REPORT Reuter SINGAPORE Simcx Euroyen futures and Japanese government bond (JGB) futures closed firmer, underpinned by the bearish Nikkei futures and speculation of rate cuts by the Bank of Japan (BOJ). Euroyen futures firmed on speculation of a rate cut by the BOJ
        Reuter  -  1,380 words
      • Article
        Tokyo rubber ends at day's lows
        674 21 COMMODITY REPORTS Rubber IOKYO: Tokyo rubber futures closed at their day's lows, succumbing to the yen's stubborn firmness against the dollar. Prices ranged from 1.5 to 0.1 yen per kg weaker. Benchmark August closed 1.1 yen easier at 158.4. Activity was relatively quiet, with
        674 words
      • KNIGHT-RIDDER COMMODITY SUMMARY
        • Article
          Aussie beef prices to US weakens
          66 21 SYDNEY Australian beef export prices to the US have continued to weaken this week, with exporters quoting 90 per cent chemical lean beef at 94 US cents (551.32) per pound. The market to the US has hovered slightly below USSI per pound for much
          66 words
        • Article
          Taiwan buys US corn, soybeans
          48 21 TAIPEI Taiwan Sugar Corp yesterday bought a 30,000-tonne combination cargo of US corn and soybeans, FOB. traders said. Continental sold 18,000 tonnes of US No 2 yellow corn at U*****.27 per tonne. Another 12,000 tonnes of soybeans were sold at U*****.23 per tonne.
          48 words
        • Article
          Coffee growers to get payment faster
          59 21 BANGALORE. India The state-administered CofTee Board of India is considering changing its existing marketing system so that growers can get payments faster, officials said. On Monday, the board's marketing committee discussed making direct purchases from the growers at competitive rates and with a single
          59 words
        • Article
          China corn output lower
          62 21 HONGKONG China's corn production is expected to reach 100.1 million tonnes this year, the official Xinhua News Agency reported yesterday. The estimate marks a drop from a USDA figure ol 102.7 million tonnes produced in the 1993-94 (OctSep) crop year. The Chinese forecast contrasts with the
          62 words
        • Article
          Taiwan importing less raw cotton
          60 21 TAIPEI Taiwan imported 256,203 tonnes of raw cotton in all of 1994, a decrease of 6.27 per cent from the 273,338 tonnes imported in 1993, according to the Cotton Spinners Association. The US was the largest supplier of raw cotton in 1994. providing 79.301 tonnes,
          60 words
    • Article
      COMMODITY PRICES
      1502 21 SICOM Futures Mar 22 Rubber Physical Prices (futures dosing as at 5.30pm) Buyers Sellers As at 12 noon (S cents/kg) RSS 1 Contract (S cents/kg) Close Volume Open RSS 2 Apr 95 264 00 265.00N Month High Low Sett (tonnes) Interest RSS 3 Apr 95 263.00 264.00N Apr
      1,502 words
    • REGIONAL STOCK MARKETS
      • Article
        Australia
        1061 22 -22.3 FEARS about the government's handling of the economy and the weak Australian dollar triggered bearish sentiment and a sell-off on the share market. The All Ordinaries Index fell 22.3 points to 1,892.4. The All Industrials fell 30.6 to 2,846.6 while the All Resources dropped 16.0 to 1,170.7. Turnover
        1,061 words
      • Article
        Manila
        689 22 -14.56 Stocks ended its short-lived rally and fell due to concern over the performance of the Philippine National Bank (PNB), the country's largest bank. The PSE Index fell 14.56 points to 2,294.04. Turnover was 906.867 million shares valued at 661.25 million pesos. An analyst said "it's not as bad
        689 words
      • Article
        Taipei
        622 22 -45.86 Stocks posted modest losses in response to a planned 0.3 per cent capital gains tax on securities transactions. The Weighted Price Index dipped 45.86 points to 6,479.01. Turnover was 982 million shares worth NT544.63 billion. Falls beat rises 278 to 59, with 81 issues unchanged. The market opened
        622 words
      • Article
        Seoul
        457 22 -4.30 Share prices fell as arbitrage selling continued in the absence of fresh news. The Composite Price Index retreated 4.30 points to 941.77. Trading volume slimmed down to 21.29 million shares valued at 419.8 billion won. Falls beat rises by 477 to 271, with 124 shares unchanged. Arbitrage selling
        457 words
      • Article
        New Zealand
        287 22 -10.92 Shares finished another fairly lacklustre day lower. Brokers said large lines of Fletcher Challenge, Lion Nathan and Shortland convertibles boosted the volume to NZ$35 million. The NZSE-40 Capital Index ended down 10.92 points at 1,950.44. The smaller companies capital index ended down 38.46 at 3,557.82, in evidence
        287 words
      • Article
        Bombay
        29 22 The Bombay Stock Exchange, hit by a payments crisis after a broker defaulted, remained closed for the third day yesterday. Brokers said they hoped trading would resume today.
        29 words
    • WORLD STOCK MARKETS
      • Article
        Untitled
        761 22 Britannia Funds Sterling Cash Bid Offer Mim Cap Deposit 6400 38 6500 MimkncvGlk 0 189} ***** Mim Max Income *0 9000 -0 9400 I SS Cash Income Plus Fund 9 7600 10 2*00 PS S Reserve Fund 5 4200 5.4300 Sterliag Lqaity Euro Performance .0 4592 0.4938 Far EjU Fund
        761 words
      • Article
        London
        641 22 +4.7 STOCKS extended their recent advance, pushing the Footsie's rise to more than 150 points in the past two weeks, after consolidating in a narrow range ahead today's key retail price data. The FTSE-100 Index finished up a modest 4.7 points to 3,139.7, but off its session high of
        641 words
      • Article
        Paris
        129 22 +4.20 French shares ended with a slight gain after initially advancing strongly as the March CAC-40 future broke resistance levels. But a higher-than-expected US January trade deficit sent the dollar down and undermined French shares. The CAC-40 Index closed up 4.20, points at 1.817.98. Of CAC-40 stocks, 21 ended
        129 words
      • Article
        Frankfurt
        191 22 -0.29 German shares ended steady after spending a lacklustre session in a narrow 7.5-point range. Volumes also remain low. Dealers, unconvinced by the dollar's upturn, see scope for further falls. The German M 3 slowdown was welcomed but dealers were divided on whether it was a signal for German
        191 words
      • Article
        Brussels
        210 22 -8.70 Belgian stocks fell for a second day as lower ratings for European steel makers and a government bribery probe pulled down all but three shares in the market's index. The Bel-20 index of leading stocks fell 8.70 points, to 1,299.38. Shares of Petrofina, Union Miniere, Bekaert and Cockerill
        210 words
      • Article
        Milan
        112 22 -50 Italian shares turned weaker after a brief attempt to extend Tuesday's rally. Brokers say market dominated by short-term operations, arbitrage activity between futures and cash and cash and options. Volumes are modest. The Mibtel ended down 50 points at 9.624. Milan Ma 22 Ur* Alitalia Ort 400 +20
        112 words
      • Article
        Amsterdam
        265 22 -0.37 Dutch shares slid back into negative territory after showing relatively positive signs in early trade. Operators say the trend of the past few sessions, with cyclicals being hard hit and investors moving into food-related stocks, is the picture again. "The cyclicals are under pressure again today," said one
        265 words
      • Article
        Stockholm
        116 22 -8.66 Swedish shares continued to fall in very quiet trade. Rising bond yields and a weak crown affected financial and property shares, but otherwise trade was characterised by lack of interest among major players. "There was practically no large institution on the market. It's mostly small institutional customers trading,
        116 words
      • Article
        Zurich
        287 22 -3.6 Swiss stocks fell, as banking shares tracked bond markets lower and concern about the dollar weighed on exporters. The SMI Index of 23 leading stocks fell 3.6 points to 2,501.9, after rising as high as 2,516.6. The SPI Index, which tracks 350 stocks, closed down 2.04 at 1,640.83.
        287 words
      • Article
        Johannesburg
        348 22 •11.3 South African shares finished mostly softer as gold shares led declines in nervous trade ahead of the US opening. Dealers said a softer gold price and firmer rand had depressed local stocks, and there were fears that US investors could sell South African shares overnight. The Overall Index
        348 words
      • Article
        Toronto
        239 22 -5.60 Stocks fell in early trading as players took profits and await further news to give the market direction. The TSE-300 Composite Index eased 5.60 points to 4,240.60 on volume of 10.9 million shares valued at C 5113.0 million. Declining stocks outpaced advances 159 to 124. with 237 issues
        239 words
      • Article
        New York
        691 22 +3.11 The Dow Jones Industrial Average, which retreated 11.07 points on Tuesday, was ahead 3.11 to 4075.72 at 11am EST. The New York Stock Exchange Composite Index was ahead 0.05 to 267.63, while Standard Poor's 500-stock Index was up 0.03 to 495.10. Declines edged advances 899-783 among the
        691 words
    • Article, Illustration
      Lock icon HONGKONG
      3065 23 Bloomberg Business News HONGKONG Stocks fell as one of the territory's conglomerates. Wharf (Holdings), reported much lower-than-ex-pected 1994 earnings. Wharf, which has real estate, telecommunications, TV, hotel and transportation interests, said its net profit rose 13.8 per cent, half as much as analysts had forecast. Wharf shares dropped 95
      Bloomberg Business News; Source: Bridge Info  -  3,065 words
    • Article, Illustration
      Lock icon CHINA
      591 23 CLSA TRADING in Hongkong H shares was directionless, with the index almost unchanged at 1.049.15. Turnover was HKS64 million. Selling pressure on Tsingtao continued, driving the share price down another 2 per cent. Yizheng finally stemmed the string of price falls, since announcing its intention to offer new H
      CLSA  -  591 words
    • Article, Illustration
      Lock icon TOKYO
      2587 23 Bloomberg Business News TOKYO Stocks fell to their lowest since August 1992 as the dollar's overnight dip to a postWorld War II low pounded exporters and expectations of weak earnings weighed on brokerages. "The yen is getting stronger and the government seems unable to do anything about it," said
      Bloomberg Business News; Source: Bridge Info  -  2,587 words
    • Article, Illustration
      Lock icon BANGKOK
      1824 23 Reuter BANGKOK Stocks closed higher on foreign buying of blue chips on perceptions that the Thai economy is fundamentally robust. Japanese investors were major players among foreign investors, reflected by the rise in daily trading volume from Capital Nomura Securities. The SET Index closed up 26.02 points, or 2.2
      Reuter; Source: Bridge Info  -  1,824 words
    • Article, Illustration
      Lock icon JAKARTA
      1193 23 Reuter JAKARTA Share prices closed lower in thin trading on selling pressure from foreign players, brokers said. Third liners appeared to dominate trading particularly in the second session. "Local speculators were seen trading third liners whose prices were mostly under 2.500 rupiah." one broker said. He said a lack
      Reuter; Source: Bridge Info  -  1,193 words
    • Article
      CLOB INTERNATIONAL
      2491 24 Or Or 199*95 Last Vol Day Last Qg*8» LHt LH» Yld Net MC* High Low Company Salt (TOO) High low Bayer Srller CVr P/E Smil MALAYSIAN STOCKS 434 73 m MSB 30c 420 unch 2I2S 434 416 418 420 3.0 -2.9 0.2 43.1 206 77 5 m AMOB
      2,491 words
    • KUALA LUMPUR STOCK EXCHANGE
      • Article, Illustration
        Lock icon Stocks fall on concern over US interest rates
        6731 24 Bloomberg Business News KUALA LUMPUR Stocks fell ahead of a Federal Reserve Open Market Committee meeting next week, when the Fed could decide to raise interest rates to support the flagging dollar, traders said. Higher rates in America could convince investors to
        Bloomberg Business News; Source: Bridge Info  -  6,731 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        8430 25 Or b M Wt UM Vol Day IkI Quote Di» Di» VM Vl (ap A>( High Lao Company Sal* 000) High I o» Buirr Seller Of P/E tail Prk* INDUSTRIAL AND COMMERCIAL 720* 388 ml s Vina 50c 422 cd -8 169 436 420 420 422 8 8 4 7
        8,430 words
      • Article, Illustration
        Lock icon Stocks fall on concerns over S'pore-Manila row
        1823 26  -  By R Sivanithy SINGAPORE Stock prices languished for the third successive day this week, as sentiment continued to fall victim to the uncertainties generated by the weak US dollar and a drying up of fresh liquidity. Stocks also came under late pressure on
        Charts by Bridge Info; Source: Bloomberg  -  1,823 words
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      197 15 NEWS VALUE Ng Teng Fong's move on YHS 'defensive' (pg 1) Speculative interest in YHS shares has been kindled. Tokyo stocks tumble to lowest level since August 1992 (Pg 0 Too much bad news for the market to digest. Watch the downside. Planned $4.8b tunnel system for CBD will raise
      197 words
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      443 17 j RESTORED CONSERVATION l\ —l 1 1 1 1 I?:'* parcel No: Address Sits Arss (sm) Fixsd Amount of SHOPHOUSES AT KAMPONG GLAM: V /Tender Deposit i The Urban Redevelopment Authority is 3 38 Arab Street 2£ si 10.000 ■Jt offering 10 parcels of restored 40 Arab street B*9 <110,000
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      653 18 m i FA Di y BIHDS IATILL CA TCH ■fflllli u IrllmMFW WW mmimm i E i Im4 befcw) dxno) bekwv) dxM| ***** Wry MADE TUAU A WO DM sss mmmm m tn fVII/ltC insin M Vrt/nffl. I -«rTT I Five persons may form a team and enter the teem
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      173 19 This announcement appears for the purpose of record only March 1995 SIN SOON HUAT LIMITED (Incorporated in the Republic of Singapore on 11 May 1976) Invitation in respect of 42,000,000 Shares of $0.10 each comprising 36,000,000 New Shares and 6,000,000 Vendor Shares as follows:(i) 25,200,000 Shares at an Offer Price
      173 words
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      Page 19 Advertisements Column 2
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      78 words
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      25 20 For information on where to buy your copy of Her World, Go, Singapore Business, Home Decor, Young Parents call our Customer Services Section on 1800-749-2577.
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      64 21 Financial News IKjil A Quick Look At The I Mfl I Market! Call 24 hours a day for I I SES KLSE midday I I reports, closing world market reports and business news. Cost: 30 cents a minute <*—» |p||]ij, e An SPH AudioTex S«rvice PORT SHOTS The latest in
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      Page 21 Advertisements Column 2
      20 21 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead.
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      26 22 Piaget. True values never change. Piaget Boutique and Senice Centre *01-01 Mandarin Shopping Arcade. The Mandarin Singapore. 333 Orchard Road. Singapore piaget JOAILUER £V HORLOGEWE DEPUISIB74
      26 words
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      136 23 I Over 30 years of experience has led S venson to the Single Hair System m Svenson Hair Center has helped thousands of people counteract hair and scalp problems with their unique formulations based on research gathered from leading institutions the world over. With years of technological development the Single
      136 words
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      59 24 SINGAPORE THE HOUR GLASS Takashimaya Shopping Centre Tel *****20 Lucky Plaza Tel. *****62 Scoffs Tel *****27 Centrepoint Tel. *****98 Peninsula Plaza Tel. *****09 Raffles Hotel Tel. *****41* World Trade Centre J/ Tel. *****51 Changi Airport Terminal 1 (West Wing) Tel *****60. Terminal 2 (South Wing) /LC /MATei *****81 MALAYSIA THE
      59 words
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      600 26 B_y_S_l_Jj_E, s S TIMES TOLL-FREE TEL. No. 1-800-741-1883 FAX:74I-1298 STRAIGHT TALK You shouldn't have to read between the lines to get the full picture. Companies Markets. Everyday. SINGAPORE rx^ Business Times WE KNOW ASIA IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF PRODUCE A
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      Page 26 Advertisements Column 2
      285 26 THE COMPANIES ACT. CAP. SO FRANSUTK COFCOA PTE LTD (In UqiMaVon) At a general meeting of FRANSWTIC COFCOA PTE LTD duly convened and held on trie 20th day of March. 1995 the tolowring apodal resolution was pass©d SPECIAL RESOUiTION That the Company be wound up voluntarily pursuant to section 290(1
      285 words
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      Page 26 Advertisements Column 3
      400 26 THE COMPANIES ACT, CAP. SO HUNG I CHENG PTE LTD (In Liquidation) At a general meeting of HUNG CHENG PTE LTD duly convened and held on the 20th day of March, 1995 the falowmg special resotubon was passed:SPECtAL RESOLUTION That the Company be worn) up voluntarily pursuant to section 290(1
      400 words
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  • Shipping Times
    • Article
      MOL's S'pore office to fully manage its Far East services
      394 27  -  By Alec Almazan SINGAPORE Mitsui OSK Lines (MOL) will soon be operating its Far East services solely from Singapore. Duties carried out by a Tokyo office are slated to be moved to a wholly-owned subsidiary here called Ocean Gate Pte
      394 words
    • Article, Illustration
      Lock icon China's mammoth feat
      52 27 Reuter DALIAN, China The 150,000 deadweight tonne Pacific Challenger, built in China's north-eastern port of Dalian for a Hongkong company, is seen during a launching ceremony on Tuesday. The 270-m freighter is the largest built in the country and the fourth the yard has produced for foreign
      Reuter  -  52 words
    • Article
      Lock icon Bulker losses rising again, says Intercargo
      360 27 Knight-Ridder LONDON Losses of bulk carriers and ore bulk oil carriers in 1994 are 50 per cent up on those for 1993, although figures were still lower than those for 1990-1991, according to the International Association of Dry Cargo Shipowners, Intercargo. Publishing figures covering
      Knight-Ridder  -  360 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      590 27 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
      590 words
    • Article
      Lock icon Greek, American charged with trying to cheat US govt
      349 27 Seatrade Week Newsfront WASHINGTON The Federal Bureau of Investigation believes a Greek national and his Washington consultant participated in a scheme to defraud the US government and obtain USS72S million (551.02 billion) in loan guarantees for a shipbuilding project. According to
      Seatrade Week Newsfront  -  349 words
    • Article
      Lock icon Salvage teams saved seas from 1.4m tonnes of pollutants in '94
      423 27 Knight-Ridder LONDON Results of the first global Annual Pollution Prevention Survey of shipping casualties by the International Salvage Union (ISU) showed that marine salvage teams prevented nearly 1.4 million tonnes of oil and chemicals entering the oceans in 1994.
      Knight-Ridder  -  423 words
    • Article
      DAILY FREIGHTS
      2162 28 FREIGHT rates remained generally firm amid a reasonably active market on Tuesday despite the holiday in Japan but some brokers see the market flattening out soon. The Baltic Freight Index (BF1), which registered daily rises since February 7, added a further seven points on Tuesday to 2,287. Brokers
      2,162 words
    • Article, Illustration
      Lock icon Can the conference system stay afloat?
      1231 29  -  The European Commission is taking legal action to ban conference intermodal pricing. Lan Middleton examines how critical inland common pricing is to the survival of the conference system Ian Middleton Seatrade Review A RE the big shippers out M to wreck the conference system?
      Seatrade Review  -  1,231 words
    • Article
      THE SHIPPING GUIDE THE SHIPPING GUIDE
      11162 36 This is a list of ships loading at Singapore for ports around the world, it tabulates, by destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. LEttHD PN: ship calls
      11,162 words
    • Article, Illustration
      Lock icon Hainan Airlines spreads its wings
      726 39 In six years a very small domestic airline has expanded to become China's newest international carrier with eight Boeings Reuter Hainan airlines began life with a mere US$l million (SSI.4 million) and is now set to become China's next international carrier and it's a miracle,
      Reuter  -  726 words
    • Article
      SHIPPING AGENTS
      3180 40 A Xm.BC' C ontainerline NV: Belsin Shpg Agencies Pic Ltd (SVManne Handling Sdn Bhd (PK/PN) Accord Group: Accord Shpg Pie Ltd (SVAccord Contr Line (PK/PN) Adkris Business Corporation Philippine alsouice Shpg Irdg Pte Ltd (S) Ahrenkiel IJner Service Kim Shpg A Trdg(S). A Ibarra Sea-Air Senice: Frata Shpg
      3,180 words
    • Article
      COURIER SERVICES
      279 40 Abacus C ouriers Tel: 545-8011. Fax: 545-1898. Air Lxpress imrl Td: 533-5771. Fax: 535-6144 Airborne Freight Corporation Tel: 542-8844 Fax: 542-3716 *****80 Airswift Worldwide Courier Tel: 278-0188. Fax: 273-8283. AJS Supplies Td: 748-6322 (2 lines). 747-7421. Fax: 742-8975. City-Link International Td: 344-3377. Fax: 345-6450 (luster link Supplies A
      279 words
    • Article
      AIR FORWARDERS
      1512 40 Abex Express Freight Td: 542-7171 Fax: *****84 Actinic Forwarder Td: 225-1833. Fax: *****42. Activair Singapore Td: 542-7822. Fax: *****20. Aeroliak Freight International Td: 545-8033. Fax: *****05 Aerospeed Td: 542-5911. Fax: *****18. Air Cargo Novo Express Td: 542-5454. Fax: *****06 Air Express International Td: 542-7666. Fax: *****74. *****50. Air
      1,512 words
    • Article
      PORT CONDITIONS
      2563 41 ALBANIA Durres: Five vessels operating of which 4 discharging (1 kerosene, 1 bagged wheat flour, 1 diesel oil. 1 bagged sugar), I loading bulk wine, no vessels waiting in roads. ARGENTINA Diamante, Santa Fe: No vessels berthed, no vessels in roads, no vessels due. San Ivorenzo: Seven vessels
      2,563 words
    • Article
      CRUISE & FERRY SCHEDULES
      607 41 CRUISE FERRY SCHEDULES CRUISE SHIPS Air Dep Name of Vessel ETA LID Ports of Calls Port Agent Telephone No MARCH 23 23 Columbus Caravelle Kukup Harpers Shipping 221-1388 23 23 Leisure World Cruise to Nowhere New Century Tours 227-8284 23 23 Renaissance I Penang Renaissance Cruises 222-3388 23 23 Nautican
      607 words
    • Article
      SHIP SALES
      1114 41 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
      1,114 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        587 42 Voy Wo Berth Arrival Pgrtn Vessel Voy No Berth Arrival Departure Jurofig Port hi i32w poi 2203/1*00 23 03/ iaoo Afcjta 9501 112 alongside 23 03 0600 Bangkok Na»» 26WB P08A 2303/0300 2603/1830 4ptim Mwn 03 04 95 II alongside 2303/2315 Bass Reetet 2A P04 23 03/2200
        587 words
      • Article
        CONTAINER SCHEDULES
        1338 42 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Bookini/Balance Rslts Ship Voy No Etb/Btr Period From To From 'An tesy 0638 25/1600 28 22/1700 23 0659 23/0900 3 23/0200 23/1159 23/1*00 4 23/1200 23/1*59 23/1200 Jo lade 2308 24/1100
        1,338 words
      • Article
        COCKETT BUNKER MARKET REPORT
        849 42 THIS twice weekly report, compiled by Cockett Marine Oil Ltd. shows ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on average-sized stem. Market movements are wdicated. The Cockett Bunker Price Index change and the
        849 words
      • Article
        VERITAS BUNKER QUALITY REPORT
        561 42 Mar 9 Density Niter Residue Ash Mumiian Sedment Density Nate Rraduc Mi Nursun "nil—1 M t MW Exxon KG/IT3 V/V MM MM PPM method KG/M*3 V/V X MM M/M PPM metM BO/Gmac Units Spec 991 1.0 15 0 010 80* 010* te, n A,t J !>
        561 words
    • AIR AND LAND TRANSPORT NEWS
      • Article
        Lock icon Airlines expected to buy US$1 trillion worth of planes
        481 44 FT LONDON Airlines will spend more than US$l trillion (S$ 1.4 trillion) on aircraft over the next 20 years to satisfy growing demand, Airbus Industrie, the European manufacturing consortium, said on Tuesday. Adam Brown, Airbus vicepresident for strategic planning, said he
        FT  -  481 words
      • Article
        Lock icon GM using new yardstick to determine pay for top executives
        213 44 Bloomberg Business News DETROIT When General Motors Corp issues its annual proxy statement next month, it will show another yardstick used to determine long-term incentive pay for top executives: Rona, or "Return On Net Assets". Developed by the car maker's
        Bloomberg Business News  -  213 words
      • Article
        Lock icon Hunting unit wins deal
        111 44 Reuter LONDON UK aerospace company Hunting pic said on Tuesday its aviation division has won a contract to carry out maintenance work on the BAe 146 aircraft operated by China Northwest Airlines. "The contract, which was won in the face of stiff competition from UK and
        Reuter  -  111 words
      • Article, Illustration
        Lock icon Still on the go after 20 years
        91 44 Reuter ON THE 17TH PARALLEL, Vietnam An old US Army truck beading south past a dilapidated archway as it crossed the old border between the former North and South Vietnam last week. When the US military pulled out of the Vietnam War, hundreds
        Reuter  -  91 words
      • Article
        Lock icon Air France chief wants quick privatisation
        341 44 Reuter PARIS The chairman of loss-incurring Air France said on Tuesday he wanted to see a quick privatisation of the airline so that it could become a normal commercial company able to take on the competition. But financial analysts noted the airline was hardly
        Reuter  -  341 words
      • Article
        Lock icon Chrysler shares fall after bad review
        351 44 Bloomberg Business News HIGHLAND PARK, Michigan, Chrysler Corp shares on Tuesday fell about 3 per cent after the car maker's vehicles were given another bad review for reliability by Consumer Reports. In its April issue, devoted to 1995 model cars, Consumer Reports magazine said
        Bloomberg Business News  -  351 words
      • Article
        Lock icon Light trucks not as reliable as cars: report
        303 44 Los Angeles Times DETROIT The prestigious Consumer Reports magazine threw cold water on Monday on the already-cooling market for light trucks, saying that its reader surveys are finding trucks generally less reliable than cars. Based on 1.6 million responses from readers over
        Los Angeles Times  -  303 words
      • LOG BOOK
        • Article
          Lock icon China to be third largest car market
          124 44 Bloomberg Business News HONGKONG China will become the world's third largest car market by 2010. according to the China Automotive Industry Corporation, the official Xinhua news agency reported on Tuesday. The country expects the annual sales volume of cars to grow at a
          Bloomberg Business News  -  124 words
        • Article
          Schiphol wins best Europe airport title
          87 44 SINGAPORE Amsterdam's Schiphol Airport is first for the second successive year in the Best Europe Airport category of the Asian Freight Industry Awards. The airport is Europe's fourth busiest in terms of aircraft movements, passengers and air cargo volume after London. Frankfurt and Paris.
          87 words
        • Article
          Lock icon Air Inter unions prepare for strikes
          82 44 AFP PARIS Striking trades unions in the French domestic Air Inter airline were preparing to give notice of more strikes on March 28, 29 and 30 on Tuesday, an official of the USPNT union representing flight technicians, said. The strikes are in protest against
          AFP  -  82 words
        • Article
          Lock icon Vladivostok-Beijing air service planned
          69 44 AP VLADIVOSTOK, Russia The Sakha-A via airline company of the Russian Far Eastern province of Yakutia plans to start regular service between Vladivostok and Beijing tomorrow, a news agency said on Tuesday. The private airline company plans to make the four-hour flight once a week from
          AP  -  69 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1726 44 qty n» ra wtft no_ atji r—* no rag* tw AJM MuM GA985 1105 GF147 1850 Haad VN741 1310 VN740 1410 Natyal MI893 1705 MI894 1325 TG407 2120 GA975 .535 Ho CM MM CKy VN74I 1310 SQ172 1000 -rr- SQ171 1450 VN740 1410 SQ228 2035 Hoaffcoag
        1,726 words
      • Article
        Lock icon China develops electric car
        120 44 Bernama-Xinhua BEIJING A newly developed electric car has attracted the attention of Chinese consumers since its appearance at a recent national exhibition of patented products, according to the overseas of the People's Daily. The paper reported on Tuesday that the car was developed by Hu Yunjun,
        Bernama-Xinhua  -  120 words
  • Page 27 Advertisements
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      19 27 China Express Service Dirppt Shan 9hai uirect xingang to Qingdao Effective from April '95 Pis see Pjl6 for scheilule
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      26 27 Lines and services represented by Members of the Registry of Accredited Shipping Agents, Singapore National Vvkgßf/ Shipping Association. For advertising enquiries, contact Shipping Times. Tel 740-2089
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      Page 27 Advertisements Column 3
      50 27 Can the conference system stay afloat?, Page 3 Hainan Airlines spreads its wings, Page 13 Airbus expects airlines to buy US$l trillion worth of planes, Back Page STRAIGHT TALK You shouldn't have to read between the lines to get the full picture. Companies Markets. Everyday. Business Times wt KNOW ASIA
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      Page 27 Advertisements Column 4
      8 27 PERSONAL FINANCE INVESTMENT Every Saturday in Business Times
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      1599 28 *mwmmemd I WNttAPOWS CAUfOWMA iXPWCBB (DIMCT FRO 44 WBBT COA4T) I Z! i"'»i" isg L", y. rr it* i",?*rr it*- j i i"°» CALMMMjurna a mi *4 174 84 "SI im 13 m3~"m3 53 c*h««»iib 84 84 BS wl4 r J u u cautommammmw» ai rti t4 u aj MR**
      1,599 words
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      Page 28 Advertisements Column 2
      37 28 T m 0 O O 0 O LEAD j BY EXAMPLE! <s For some of ■m the best examples of 3 Good Management. J Enterprise -£J Management. •dS Every Monday. Singapore# r I 1 Business Times mammtm
      37 words
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      680 29 PSO on SKJ <W1 aw om 6AH 30M bcw W nso SST Iviuvor a, J* W 11M 11M 12/4 14M an MAJO CI 09W I 77/3 11/4 IV4 MMAJDCINW ~ZV3 1M iw 1M 2 nS H!2 I2S 122 122 2* CHI* W iw W M. MMfYAH CIIIW V 4 M
      680 words
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      Page 29 Advertisements Column 2
      319 29 ANL. IT'S AUSTRALIAN FOR SHIPPING 1 rss s. sEI-s,:rr 33?' iMMill HM MM IM4 IIM IU4 A. JATMMTA UN 11/n iuj I A j AMVMAftUMS 3M DM NW -HMMM UuW M 521 S I kUU ITS MM M« IU4 IHtltM HMHM MAJAPAMfT I MAMPAHTT MS ISM 17/ M MJU w
      319 words
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      Page 30 Advertisements Column 1
      1351 30 FTOAM LE SOUTH- PORT vessel voy.no hamburo Antwerp havre mapton kh>no s-pors hkg kao tyo shi ow wo KAMAKURA 38/209 28/2 2/3 V 3 ag 24/3 28/3 30/3 3/4 4/4 7/4 KATSORAGI 28/409 4/3 8/3 8/3 1/3 26/3 3<y3 6/4 4/4 HAMBURG EXPRESS 01/210 V 3 *3 11/3 30/3 31/3
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      Page 30 Advertisements Column 2
      433 30 0* It TORO 25/3 30/3 RdrVAtwAJK/Nantea I NANONAKUL 3<V3 2/4 Fk»n/AtwAJK/Nv*as I Loads E-/W MaMym. IndonesM J I Loading (or 1 SADAN KALKAVAN (X*sVDammarVKuw*t I BUFFALO Jeddah/Aqaba/Tnpoik/Aigena I PAN RISER 9 'Loads Singapore, EVW Malaysia. Indonsais J ILoadngfor BIUJE FAY Los Ange«ee/New Oriaana/ I |-*6i i iii ii i i...
      433 words
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      Page 30 Advertisements Column 3
      1166 30 I NORASIA I VBUVOV SM ALO NORASIA MALTA VMII-S 25*3 13*4 IMM 1794 IU4 1794 1(M IM4 IM4 2994 a I 522J1 22 2«94 2M4 21*4 ZZ I SL PRICE 513W M*4 2V94 2194 2194 2t*4 29*4 30*4 (196 >195 (296 I SLVALUESI4W 1194 0296 06*5 (696 0M» MAS SMS
      1,166 words
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      Page 31 Advertisements Column 1
      1406 31 PW STRAITS SHIPPING PTE LTD 10 Hoe Chiang Road #11-01 Keppel Towers t; jgpw 0208 Tel: *****88 Fa»: *****17 new guinea pacific line /JFgSJ SERVICE OF CHINA NAVIGATION CO) CARGO DUE SAILS C J MAGA HI 30 V9MK Muara Lab! KK 25 ft27Mar 28 Mar 29 Mar CONWW AMP HKAKMHK
      1,406 words
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      Page 31 Advertisements Column 2
      2041 31 lO Singapore Agent 1 AflJ I jOtllfi 1 IIPfS p& Containers (Singapore Agencies) Pte Ltd r > r>\ Hoe Chiang Road, *07-01 Keppel Towers, Singapore 0208 First Class Connections WORLDWIDE Tc,: 225 2233 Te,e RS ***** pnocsp Fax: 225 5327/222 7517 CR Number: *****9 *****/. EXPORT IMPORT VESSEL VOV I'PNO
      2,041 words
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      Page 31 Advertisements Column 3
      516 31 FOR BOOKING 1800-*****00 (TOLL-FREE) OUfOUOOD PHI PEN JOH SM HKG KAO TAI KB YOK TKY NAG KOC OS* MQJ BUS WAN HAI 212 HC2O 10*3 MM Bjl gljjl 20*3 30*3 >I*4 MM QS*4 M*4 MO4 WAN HAI 203 0060 7ZV3 MM gB 2027*3 31 <3 02*4 04*4 06*4 11Q4 1204
      516 words
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      449 32 JOINT VENTURE SAMUDERA INDONESIA SIR RICKMERS will SINGAPORE CHINA DASA SEPU.UH VOY 04NB 13 APR QtNGOAO GREEN ERA DRY DOCKING XINCANG SHANGHAI INDUCEMENT CALL P.KELANG INDUCEMENT CALL HK. P.GUOANG, BELAMAN. TG MAN XIAMEN. HUANGPU UTAMA HARTA If V WEEKLY FULL CONTAINERSHIP FEEDER VESSEL NAME VOY SIN KCH SIBU 04/95 06/4
      449 words
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      Page 32 Advertisements Column 2
      1339 32 HANJIN SHIPPING BOOKING TEL:- *****35-237 OPERATION TEL: *****41-253 SALES TEL:- *****30-233 DOCUMENT TEL: *****71-275 FOR *SL SW IN HAW. SEA YVR POX FOR VSL SW ILME HAUL SAV AM NYC HANJIN VANCOUVER 020E 23 3 DIRECT 13/4 14/4 15/4 IRENES SYNTHESIS 003E 24 3 M AMERICA 0201 27/4 21/4 30/4
      1,339 words
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      Page 32 Advertisements Column 3
      62 32 SOON KIAT SHIPPING PTE LTD 3 SHENTON WAY #20-05/06 SHE NTOH HOUSE REGULAR SERVICE TO SARAWAK BRUNEI STOW Sri Pu|ut 05/95 Bmtutu Mn 24/03 Glory 04/95 Port K(4an 03/04 Maiu Yonf Hua 05/95 BmtiAi/Mri 01/04 R«c«n>| cjrfo it P»w P M |W| PTO4 Acctptiif Fa W rwttr carrtwm and heavyfefts
      62 words
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      Page 32 Advertisements Column 4
      1188 32 EUROPE/UK/SCANDINAVIA/FINLAND/RUBSIA 1_ B' K •">»• HW THf ANW LMW LH* ANW THP HBG RDM PKL SOP |l u 1 fruf«Tß» «l 17/4 14/4 1M 1M f GUIDE RE-063 28/2 27/2 1/3 3* 217 27* ZM B' 1 RAr?n2»2£ £2 28/4 17/4 1W 21/4 22/4 E GLEAMT REO4O 1/3 7/3 13
      1,188 words
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      2326 33 TO MOMBASA AMD PAR es-salaam Smg&poroi Generat A*ent\: Tat (General): *****00 Sain Boohing: Agency Oopt: m<TAO CiilPOltir DTr I Til r IGomoraO: *****66 Container: *****41 844 Container Src B/L: *****02 Operation Container *****15 yyjIWT onirrmu rit LIU r»l«c ««30 COSHIP Conventional: *****50 0/O 420S7CS Conventional: 4205/46 **5L*i 7 M Cff
      2,326 words
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      Page 33 Advertisements Column 2
      643 33 HEUNG-A SHIPPING (KOREAN FLAG) I FUU.Y COHTMWBH) BBMCE I CQMVEHTIOHAI SERVICE JAKAIITASVC [Pm[HK4l MM I JKT HltOl Hltl >WC MOJil I MKol'wwlJKTl WYI WCOi PV» a oka i mow 11/03 x/ 03 31/03 01/04 87/ x ii/m w/x 13/ M wo t oowm soai »/o?" p?/03| m/mm/m io/m 6WM 0
      643 words
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      Page 33 Advertisements Column 3
      202 33 SHIPPING WAREHOUSING Yf H H |i Singtport Loading Evary Mon To Fri n (BATAMINDO l/ll) f yA Accepting FCL/Convantional/Prot*ct A Heavy Lift Cargo IZj I] Tel: 227-0322 H Batamlndo Shipping y Warehousing Pte Ltd Fax: 222-9330 j I LINER SHIPPING PTE LTD TME P/fOFfiSS/OAU E LINES LINER LINER *****33 ETA
      202 words
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      Page 33 Advertisements Column 4
      705 33 FAMOUS CONTAINER LINES 80 ROBINSON ROAD, #22-02 SINGAPORE 0106 HOT LINE: *****33 (30 LINES) GOTHENBURG/SCAN 29/03 ROTTERDAM 27/03 AARHUS/COPENHAGEN 29/03 HAMBURG/BREMEN 27/03 MARSEILLE/FRANCE 26/03 FELIXSTOWE/UK 27/03 BARCELONA/SPAIN 24/03 LEHAVRE/FRANCE 24/03 GENOA/ITALY 25/03 ANTWERP/BELGIUM 27/03 LOS ANGELES/WC/IPI 24/03 SYDNEY/MELBOURNE 28/03 NEW YORK/EC 24/03 FREMANTLE/AOELAIDE 28/03 VANCOUVER ***** BRISBANE 27/03 TORONTO/MONTREAL 28/03
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      1182 34 j| WAN* BHUM 2728 Fri 24/3_ Mow 27/3 GURU B HUM 5047 Fri 24/3 Sal 25/3 m V BEL *21 V* BHATRA BHUM 748 _25/3_ JT,*, JB/3_ QURU BHUM Mo 7 27/3 wiTIaTT" I MAMA BHUM 222N Thy In Pt Sun 26/3 VIRA BHUM 1278 Sun 28/3 Fri 31/3 yiIAMA
      1,182 words
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      Page 34 Advertisements Column 2
      950 34 79 ANSON ROAD, #21-01, SINGAPORE 0207 TELE: *****92 FAX: *****57 CR **********0* STRAITS SHUTTLE SERVICE T~ PORT KLANG PENANG VESSEL vo T SW m VESSEL VOY SW PEW SEA LAUREL J72W 23 3 (THU) 24 3 ifßli HOUR JAYA 34 3 (fRI) 26/3« SUN IK" BRttZC I%A 23 3 (THUi
      950 words
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      1250 35 ADVANCE CONTAINER LINES (PTE) LTD «——ZZ A 140 Cecil Street, 012-00, PIL Building, Singapore 0106 M*\ m. m TEL: *****31, FAX *****19, TELEX :RS ***** ACLPL CR NO. **********0E AMr »|jy.li W y MM I JAKARtA taihnga/WMk to PAT, 2 Swings to BMT 1 Swlh* to LCH) (3 SaMnga/WMii) POUT
      1,250 words
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      Page 35 Advertisements Column 2
      967 35 KSStIS VP" SIN LE HAVRE H*MBWG IHAttS ROITEBPAAA ANTWERP S Pt tw» l 0'" 23/03 1104 12/04 14/04 15/04 It/04 HUE Pt NORMA WO»W 31/03 20 04 22/04 24 04 25 04 24 04 VH« DC CM HA COSW 04/04 24/04 26/04 21/04 30/04 01/05 W.U 01 SAGITTA SO«W 03/05
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      Page 35 Advertisements Column 3
      583 35 BSA it M MYANMA mgßk FIVE STAR LINE r (Myanmar National Line) Loading for Yangon (Rangoon) S'pore P.KIf Pen P.Gdt TECHMAT PIONEER ¥3 In Port AVA VI32W In Port MYOMAYMA VISSW 28/30 Mv MALAYSIA AGENTS BOUSTEAO SHPPKG AGENCtS Kll TEI 02 03 *****00 PKI TEL 02-03 *****67 PEN TEL 02-04-*****02
      583 words
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  • Page 38 Advertisements
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      Page 38 Advertisements Column 1
      544 38 RICHFIELD MARINE AGENCIES (S) PTE LTD TEL: *****33 (12 Line*) FAX: *****15/*****03 TELEX: RS ***** RISHIP (3 Lines) CR NO.: **********0E I PU ETHIOPIAN SHPPtNG LINES f (National lines of Eft**) ACCEPTING FCL AND CONVENTIONAL Vmnl Voy ETA Loading For Sport Andinet 38WB 16/04 Mombasa. Djibouti Assab. Massawa Abbay Wonz
      544 words
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      Page 38 Advertisements Column 2
      397 38 AFGHANISTAN M&M Afghanistan Ltd., Hairatan, Torghundi, Islamqala (Doqharun) mwmßcmwm c.i.s./russia: Alma Ata, Ashkhabad. Baku. Dushanbe, Irkutsk, Khabarovsk. Krasnoyarsk, Korsakov. Moscow. Mllltzer Muncn Novosobirsk. Sochi. Tashkent, Tbilisi. Vladivostok, Vostochny International Forwarders Mongolia: uiaan Bator N Korea: Pyongyang. Nampo EXPRESS CONTAINER SERVICE to west coast south america ALSO ACCEPTING CARGO A RICA.
      397 words
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      Page 38 Advertisements Column 3
      192 38 V7s\ FOONG SUN SHIPPING (PTE) LTD WHOLESALE CENTRE, BLOCK 1, #03-10 SINGAPORE 0511 BOOKING/ENQUIRIES Cfl NO: **********0W TEL: *****55 (12 LINES) FAX: *****16/*****25 TLX: R*****0/***** FSSHIP VESSEL VOY ETA ETD DESTINATION SUN RAY 6,% 27/3 29/3 PUUU/PALEMBANG NEE OIAKI 5/95 29/3 30/3 PONTIANAK/SINTETE WANUAKU 2,95 30/3 1/4 BENGKULU/PADANG GULF OAOUO
      192 words
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      Page 38 Advertisements Column 4
      394 38 ■kAWMN CONTAINER LINES, INC -KW~~ A B* nte MAC-NELB SPORE: *****32 (24 LINES) Moc UOH7SOOMC SIBU (084) *****9 KUCHING (062) *****3 PENANG: (04) *****6 BANGKOK (662) *****67 MANILA (632) *****61 P-KELANG: (03) *****77 JAKARTA: (21) *****07 SURABAYA: (31) *****0 I ASIA HKG/TWN/BKK| GENOA/EUROPE PEN PKL SIN 5 SAILINGS/WEEK PEN PK
      394 words
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      25 41 STRAIGHT TALK You shouldn't have to read between the lines to get the full picture. Companies Markets. Everyday. SINGAPORE fTI Business Times *f KNOW ASM
      25 words
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      473 43 HYUNDAI MERCHANT CO. LTD. WESTBOUND TO EUROPE BKG; *****61 fpNA [7*l PCD VESSELS VOY SM RTM AWT LEH HAM BKJ FQ 22/03 24/03 25/03 St MARMER 315W 27/03 14/04 16/04 15/04 16/04 16/04 ij/04 29/03 01/04 02/04 H. INNOVATOR 314W 03/04 21/04 23/04 22/04 23/04 23/04 25/04 05/04 07/04 o</04
      473 words
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      Page 43 Advertisements Column 2
      402 43 STRAITS/ JAPAN/ STRAITS SERVICE MULTI-PURPOSE I RORO CARRER SPECIALIZE M HEAVY LIFT CARGO UPTO 120 TONS RAMP CAPACITY UPTO 50 TONS I let* In* gga WT SN LOAOW6 FOR PMNtn SOBIAM 24/J »/J SENBOKU *CI 1 24/3 lAKARTA 21/3. SURARATA 27/3 SURABAYA 21/3 ORANGE JKY 30 2S/3 JHANTAR 27 25/3
      402 words
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      Page 43 Advertisements Column 3
      703 43 rc** l I WY ISI ETA/0 I LAX 1 OAK CHI HEM/COL I HOU NYC HOB DAL tPRY UPSON BMPGE »2A 23/03/24/03 M/ 04 11/04 12/04 13/04 14/04 14/04 15/04 13/04 ALLIGATOR VICTORY 60A 30/03/31/03 16/04 H/04 19/04 20/04 21/04 21/04 22/04 20/04 MACXWAC BMPGE «4A 06/04 /07/04 23/04 25/04
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  • Page 43 Miscellaneous
    • Miscellaneous
      Page 43 Miscellaneous Column 1
      289 43 TODAYS TIDES (height in metres) HOUR 0000 0100 0200 0300 0400 0500 0600 0700 0800 0900 1000 1100 1200 1300 1400 1500 1600 1700 1800 1900 2000 2100 2200 2300 It 1.7 2.3 2.1 2.9 2.8 2.5 1.9 1.3 0.9 0.6 0.4 0.5 08 1.2 1.7 20 2.2 2.1 1.9
      289 words
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      121 44 I MARKETING J Tomorrow in Business Times ASIA WESTBOUND RATE AGREEMENT SINGAPORE CURRENCY ADJUSTMENT FACTOR AND RATE RESTORATION Arising from the continued decline in the value of the US dollar against other currencies, the Member Lines of AWRA have decided to increase the Interim CAF from 2.5 percent to 7.5
      121 words
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      Page 44 Advertisements Column 2
      4 44 R K ET HNC^^
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