The Business Times, 21 March 1996

Microfilm: NL20586
Total Pages: 40
1 40 The Business Times
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  • Title Section
    Masthead
    13 1 THE BUSINESS TIMES MITA (P) 046/12/95 Internet: http://www.asial.com.sg/biztimes SINGAPORE THURSDAY, MARCH 21,1996 85c
    13 words
  • Article
    MARKET SUMMARY
    69 1 sra 2383JC (-1.34) 0 BTCOMP mm 22ML79 (-5.79) n BT-MGA mm 1120.41 (-3.70) El MABXET MOODs mm Hn* OTOClMAlKETnaHCES Wednesday Change KLSECOMP 1126.90 +4.37 NIKKEI .dosed j HANO SENO *****.53 -43.97 SET INDEX.-... 1287.9 +3.82 JAKARTA OOMP 585.98 -1.37 MANILA OOMP *****2 .15.60 TAIPEI WP! 5040 52 +90.2
    69 words
  • Article
    FINANCE
    73 1 EXCHANGE IATES uss ss USI 1.408 I IM. 2.159 DM 0.678 .0.955 ¥100 0.943. 1*26 MS 0J» 0.554 HKS 0.129. .0.182 BAHT 0.040 0.056 RUP1AH 100 0.041. ..0.066 FUME BATES SINGAPORE* .#.44 KUALA LUMPUR .8.15 JAKARTA 18.00 BANGKOK UJ75 MANILA H.50 HONGKONG A75 TAIPEI g.M SYDNEY 10.75 TOKYO .180
    73 words
  • Article
    Law tightened to prevent another Barings
    589 1  -  Staff licensing, approval of CEO, stamping every deal among new roles By\ Paul Leo, Siow Li Sen [SINGAPORE] The Monetary Authority of Singapore (MAS) has tightened the Futures Trading Act in a move to prevent another Barings debacle. An amendment to The Futures Trading
    589 words
  • Article, Illustration
    Lock icon Hotel Prop's resolutions are passed with ease
    496 1  -  Sale of condo units at discounts to directors and kin gets shareholder sanction By i Conrad Raj [SINGAPORE] Hotel Properties Ltd's shareholders yesterday approved the sale of 13 apartment units at Scotts 28 and two at Nassim Jade to its directors and their
    ARTHUR LEE  -  496 words
  • Article
    Wing Tai's Blossomvale condos all sold: sources
    340 1  -  Benchmark price of $1,000 psf set for Bukit Timah area By Michelle Low [SINGAPORE] Despite Wing Tai's official denial two days ago, market sources are convinced that the listed developer has started selling its Blossomvale condominiums on Dunearn Road. The market talk, in
    340 words
  • Article
    CityDev net earning double to $400m
    495 1  -  By\ Lilian Ang [SINGAPORE] City Developments Ltd (CityDev) delivered the best set of results so far in the current reporting season, doubling its net earnings to $400.16 million for the year ended Dec 31. The listed property group's record profits, swelled by gains from
    495 words
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  • SINGAPORE AT HOME & ABROAD
    • Article, Illustration
      Raise retirement age to 62 as first step, says committee
      614 2  -  Df PARLIAMENT But the right time to do that will depend on prevailing economic conditions By Anna Teo THE tripartite committee that is looking into raising the retirement age beyond 60 has asked for more time to probe the issues
      614 words
    • Article, Illustration
      Better packages for principals, teachers
      472 2  -  Improvements aimed at attracting and retaining talent By i Chuang Peck Ming PAY scales of school principals and promotional prospects for teachers will be improved to recruit and retain talent in the teaching profession, Education Minister Lee Yock Suan said yesterday. Also, trainee teachers will
      472 words
    • Article, Illustration
      Shell to quit Shell Tower to be anchor tenant at UE Square
      254 2  -  By< Christopher Tan UNITED Engineers Ltd has secured Shell as its anchor tenant at UE Square, the billiondollar city-within-a-city project along River Valley Road. The oil company will move out of Shell Tower in Raffles Place by the
      254 words
    • Article
      Computer experts see brighter outlook for disk-drive makers
      342 2  -  By Jennifer Lien SINGAPORE'S thriving diskdrive industry received a boost yesterday when experts sounded a confident note about this year's outlook, despite a falling semiconductor book-to-bill ratio and warnings of a slowing PC market. Panelists at the opening session of the 1996
      342 words
    • Article, Illustration
      Lock icon Loan growth dipped in January
      286 2  -  E7E ON THE ECONOMY Finance By\ Shiv Taneja AS EXPECTED, loan growth by banks to non-banking financial institutions is off to a slower start this year, after a very strong showing in 1995. According to the latest Monetary Authority of Singapore statistics, overall loans saw
      Source: MAS; ALLAN  -  286 words
    • Article
      February non-oil domestic export growth slowed to 8.3%
      364 2  -  Weak performance attributed to festivities and slower electronics sector By < Genevieve Cua FESTIVITIES in February dampened trade performance for the month, partly causing non-oil domestic export growth to fall to 8.3 per cent, compared to January's 27.4 per cent growth. Analysts
      364 words
    • Article
      M'sia and S'pore can prosper by working together: Tony Tan
      448 2  -  From Ho Kay Tat in Kuala Lumpur MALAYSIA and Singapore can jointly prosper by working closely together and in so doing show other countries in the region that cooperation was the best way ahead for everyone, Deputy Prime Minister Tony
      448 words
    • NEWSRoundup
      • Article
        Canada envoy to Apec deputy director
        35 2 CANADA'S Ambassador, Jack Whittleton, has been appointed deputy executive director at the Asia-Pacific Economic Cooperation (Apec) Secretariat in Singapore, effective on March 11. He succeeds Philippines Ambassador Armando Madamba.
        35 words
      • Article
        Govt dept to focus on part-time work
        55 2 THE Ministry of Labour will expand the scope of its Job Placement Section to promote part-time work. The unit will also be expanded to help retrenched workers and may also provide training. More emphasis will be placed on getting women and older men
        55 words
      • Article
        China minister here on week-long visit
        38 2 CHINA'S Minister for Electronics and Industry, Hu Qili, is here on a week-long visit at the invitation of Communications Minister Mah Bow Tan. He called on Prime Minister Goh Chok Tong yesterday.
        38 words
      • Article
        CJ rejects ex-opposition head's appeal
        57 2 CHIEF Justice Yong Pung How has dismissed an appeal by former opposition leader Leong Mun Kwai against a conviction for criminal trespass. Leong, 52, was sentenced to five weeks'jail in February last year over an incident in September 1993 when he distributed pamphlets to the
        57 words
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  • FOCUS: PROPERTY
    • Article, Illustration
      Lock icon Slow resale at Mera Terrace
      554 3  -  But interest may pick up as TOP date expected soon, ahead of schedule By] Diana Oon INVESTORS who snapped up the 124 freehold terrace houses that comprise Mera Terrace 18 months ago have found it a different story when it comes to reselling the soon-to-be
      CHRIS LOH  -  554 words
    • Article
      No takers in 1995 but Cecil Court up for sale again
      306 3  -  Office bnilding, with redevelopment potential, expected to fetch over $150 m By Abdul Hadhi CECIL Court, which failed to And takers in last year's dull office market, has been put up for sale again. Market watchers said the 18-storey
      306 words
    • Article
      Dynasty to build houses along Corporation Dr
      250 3  -  Development expected to stiffen competition in the Jnrong West area By\ Michelle Low THE Dynasty Corporation announced yesterday that it would develop 87 terrace and semi detached houses on a Corporation Drive site that it won at a state tender last November. The
      250 words
    • Article
      House Hunt
      1176 3 Property transactiohs for districts 15 and 16 (sectors 42 to 45 and 46 to 48) lodged between Feb *****6 and Mar *****. PROJECTNAME/ PROP CONTRACT TENURE uBSSl MCE PSF STREET NAME TYPE DATE (sq ft) tSfrOOO) CSS District 16 (sectors 46 to 48) Amber Gdn Apt 7/1/96 FH
      1,176 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      106 3 The ermenegildo Zegna yachting Collection is a coordinated line of UK LEISURE-WEAR INCLUDING CABANS, RAINCOATS. SWEATERS, T-SHIRTS, SHIRTS, TROUSERS AND SWIMMING TRUNKS. 9kH This wind-jacket is in microtene io.ooo. The exclusive Zegna fabric M THAT'S LIGHTWEIGHT AND UTTERLY WATERPROOF ALLOWING THE BOOY TO BREATHE NATURALLY. IT HAS A LOOSE, EASY-GOING
      106 words
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  • SOUTH-EAST ASIA
    • Article
      Lock icon Anwar slams Japan over old yen aid loans
      380 4 KUALA LUMPUR DPM upset over Tokyo's refusal to renegotiate loans which are now more expensive to repay Reuter MALAYSIA'S Deputy Prime Minister Anwar Ibrahim lashed out at Japan yesterday for refusing to renegotiate old yen aid loans which are now more expensive
      Reuter  -  380 words
    • Article
      China team to woo investors at KL conference
      424 4  -  SINGAPORE Investors can expect USs6ob investment potential in China in the next 10 years Ven Sreenivasan KEY officials and businessmen from China will be in Kuala Lumpur next month to talk about investment opportunities in their country's infrastructure sector. Besides identifying specific
      424 words
    • Article
      Lock icon Electronics imports worsen trade deficit
      162 4 MANILA Bloomberg Business News THE Philippines' trade deficit increased 16.6 per cent year-on-year in January to US$Bl4 million (551.13 billion) as electronics imports surged to feed a booming assembly industry. The National Statistics Office said exports grew 22.6 per cent to US$l.42 billion, while imports
      Bloomberg Business News  -  162 words
    • Article
      Lock icon No more military alliances, says Hanoi
      174 4 SAMPRAN, Thailand Reuter VIETNAM vowed yesterday to steer clear of military alliance and focus instead on national development and reconstruction. "Our objective in using force is to defend the country, not to take part in any military alliance and not to be engaged in
      Reuter  -  174 words
    • Article, Illustration
      Lock icon Polish PM visits Thailand
      62 4 [BANGKOK] Polish Prime Minister Wlodzimierz Cimoszewicz (right) being welcomed with traditional flower garlands on arrival at his hotel here yesterday. The newly elected premier is on a two-day official visit and is expected to focus on bolstering economic ties. It is the first visit to Thailand
      AFP  -  62 words
    • NOTEBook
      • Article
        Lock icon Rise in Indon duty on tobacco products
        77 4 Reuter (JAKARTA] Indonesia is expected to raise excise duty on tobacco products from April 1, the Bisnis Indonesia daily reported yesterday. The paper said director-general of customs and excise Soehardjo declined to give details of the increase but said it would not be
        Reuter  -  77 words
      • Article
        Lock icon Manila captures M'sian fishing boats
        54 4 Reuter [MANILA] Two Malaysian fishing boats and their crew of 18 have been captured by the Philippine Navy near the island of Palawan, a report by the armed forces said yesterday. The two boats were captured by a navy gunboat on Sunday 10 km off
        Reuter  -  54 words
      • Article
        Lock icon Alatas to visit South Africa
        58 4 AFP [JAKARTA] Indonesian Foreign Minister All Alatas said yesterday that he will make a three-day visit to South Africa starting on March 26. Mr Alatas said that his visit was "to see the possibilities" of increasing bilateral cooperation in economic and political areas. He said
        AFP  -  58 words
      • Article
        Lock icon Needle replaces noose in Philippines
        77 4 AFP [MANILA] Philippine President Fidel Ramos yesterday signed into law a bill certifying lethal injection as the method of capital punishment "Let the criminals beware. The state will continue to pursue criminals without let-up and will not hesitate to execute those upon whom the death
        AFP  -  77 words
    • Article
      Lock icon Trade deficit, inflation under control: Thai DPM
      311 4 BANGKOK Bat farther remedial action not ruled out by depnty premier Reuter THAI deputy prime minister Amnuay Virawan said yesterday he was confident liquidity controls and prudent fiscal policy would control the current account deficit and inflation. However, he did not rule out
      Reuter  -  311 words
    • Article
      Asean main target of Japan investments
      299 4 KUALA LUMPUR JAPANESE foreign direct investment would continue to flow into the booming economies of Asean, a banker has sflfdT Export-Import Ban) gf Japan's senior economist Keiji Nakatani said the countries in particular were Thailand, Malaysia, Indonesia and the Philippines. "The share of investment
      299 words
    • Article, Illustration
      Lock icon Foreign investment two-edged sword
      655 4 KUALA LUMPUR Reuter THE WORLD'S tallest building in Malaysia in the shape of the 88-storey Petronas twin towers is as much a symbol of the country's soaring ambitions as it is of its new found pride, some observers say. Some 35 km to the south, bulldozers
      Reuter  -  655 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      193 4 China to promote BOT deals for infrastructure projects, pg 5 Sin Inn) Sheet L.fc.ir"or^TH iTa k ■-l 500 4330 I .jftfV 157x40 163x40 500 4323 B«T*Ji T i I(stwiow) 500 4322 4324 l|B For Francotyp EFS 3000 and Postalia NEF 300 v. cardboard dispenser x 180 labels) 165 41 167.44
      193 words
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  • CHINA HONGKONG TAIWAN
    • Article
      US House adopts resolution to defend Taiwan
      479 5  -  CHINA-TAIWAN TENSIONS Congress urged to take appropriate action to counter China threat From Leon Hadar in Washington BRUSHING aside reservations by the Clinton administration, the US House of Representatives on Tuesday adopted a non-binding resolution which asserted American commitment to defend Taiwan against
      479 words
    • Article, Illustration
      Lock icon Taiwan currency, stock market rally as worries subside
      338 5 TAIPEI Central bank pumps in billions of US$ to prop np local unit AFP TAIWAN'S currency and stock markets rallied yesterday as worries over China's series of military exercises against the island faded, dealers said. The Taiwan currency closed at a four-month
      AFP; Source: Bloomberg; BCRUZ  -  338 words
    • Article
      Lock icon China ends drills at southern end
      139 5 m BEIJING Reuter CHINA announced yesterday that it had concluded an initial round of nine days of livefire naval and air force exercises at the southern end of the Taiwan Strait. But it said a second round of war games was under way at
      Reuter  -  139 words
    • Article
      Lock icon Move to control financial news sales
      161 5 BEIJING Bloomberg Business News CHINA plans to administer domestic sales by foreign financial news vendors from April 16, a government official said. In January, the State Council authorised the govern-ment-run Xinhua news agency to accredit, monitor and take fees from foreign financial news agencies,
      Bloomberg Business News  -  161 words
    • Article
      Lock icon China to promote BOT deals for infrastructure projects
      269 5 BEIJING Reuter CHINA will speed up the introduction of build-operate-trans-fer (BOT) deals with foreign investors to try to ease infrastructure bottlenecks that are slowing development, state media said yesterday. In such deals, a firm pays for, builds and operates a project for
      Reuter  -  269 words
    • Article, Illustration
      Have missiles misfired?
      708 5  -  CHDVA WATCH Lee Teng-hui, the trouble-maker according to Bering, has gained in popularity By Lu Ning ALTHOUGH the four missiles fired by China have all hit their targets, many wonder if Beijing has grossly miscalculated and completely missed the political objective it had hoped to achieve. Polls
      708 words
    • Article, Illustration
      Lock icon Taipei offers to sign peace agreement with China
      414 5 TAIPEI Taiwan has not rnled out govt-to-govt talks, says PM Lien AFP [TAIPEI] TAIWANESE Premier Lien Chan yesterday offered to sign a peace agreement with China as a campaign rival of President Lee Teng-hui declared that succumbing to Beijing's "terrorism" would not
      AFP; REUTER  -  414 words
    • Article
      Lock icon US reserves right to sail through Strait
      400 5 WASHINGTON Naval presence off Taiwan protects Asia stability: Pentagon AFP THE United States reserves the right to sail through the Strait of Taiwan, the Pentagon said on Tuesday, adding that the US naval presence off Taiwan was to protect stability in Asia. But
      AFP  -  400 words
    • Article
      Lock icon Strait penetrable in 5-6 hrs: experts
      153 5 BEIJING Reuter CHINESE military experts have dismissed foreign doubts about the capability of China's army to invade Taiwan, saying troops needed only five or six hours to reach the island, Hongkong's Beijing-backed Wen Wei Po said yesterday. The Taiwan Strait was not "impenetrable", the
      Reuter  -  153 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      90 5 China has an edge with its sheer size, Pg 9 Incorporation of offshore companies with Chinese name Memorandum and Articles of Association are issued in Chinese Certificate of Incorporation is issued For further information I with company name in Chinese immediate service characters pbutamucl. Michael J Kingston Corporate documents notarised
      90 words
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  • ASIA
    • Article
      Lock icon Economy defies fears of slowdown
      240 6 SYDNEY Reuter Bloomberg Business News AUSTRALIA'S economy has defied fears of a sharp slowdown, cruising along at a growth of 3.1 per cent last year, according to official data released yesterday. Private economists hailed the data as evidence the economy had made a soft landing
      Reuter; Bloomberg Business News  -  240 words
    • Article, Illustration
      Lock icon Singapore urged to export capital, skills
      292 6  -  SINGAPORE Bawkflr highlights opportunities in Australian privatisation projects By\ Soh Tiang Keng SINGAPORE can export capital and expertise to other countries now that it has built up world-class infrastructure, said a top Australian economist and banker yesterday. Westpac Banking Corporation group executive David Morgan
      CHRIS LOH  -  292 words
    • Article
      By-election likely to have bearing on jusen crisis
      332 6  -  Tokyo Opposition may have to soften stand on blocking budget if it loses polls: analysts By. Anthony Rowley A PARLIAMENTARY by-elec-tion due on Sunday is expected to decide whether the main opposition party steps up its campaign to prevent public money being
      332 words
    • ASIANotes
      • Article
        Lock icon Sri Lankans face power cuts
        67 6 AFP [COLOMBO] Sri Lanka was yesterday gearing for nationwide daily four-hour power cuts to mitigate the effects of a serious hydro-electricity crisis caused by the failure of monsoon rains. The government announced that the daily power cuts would go into effect from tomorrow, but engineers
        AFP  -  67 words
      • Article
        Lock icon South Korea's GDP grows 9%
        100 6 AFP [SEOUL] South Korea's gross domestic product (GDP) grew 9 per cent from a year earlier in 1995, with brisk exports and investments leading the galloping growth, the Bank of Korea sqjd yesterday. In the fourth quarter, the GDP growth rate ran at a lower-than-expected
        AFP  -  100 words
      • Article
        Lock icon New political landscape seen in S Korea
        77 6 Reuter [SEOUL] With prospects of an election setback looming for South Korea's ruling party, politicians and analysts yesterday predicted a political reshaping after parliamentary polls next month. "If the ruling party loses its majority In the National Assembly in the elections, a political
        Reuter  -  77 words
      • Article
        Lock icon Russia wants dialogue with Japan
        87 6 AFP [MOSCOW] Japanese Foreign Minister Yukihiko Ikeda held talks with Russian leaders here yesterday on trade, the Kurile Islands' fishing dispute and Asian security. President Boris Yeltsin said at the start of talks with Mr Ikeda that Russia wanted "an active political dialogue" with Japan.
        AFP  -  87 words
      • Article
        Lock icon NZ families to get substantially more pay
        39 6 Reuter [WELLINGTON] New Zealand Finance Minister Bill Birch said yesterday that working families will receive substantially more pay after the first stage of the government's tax cuts are implemented on July 1.
        Reuter  -  39 words
    • Article, Illustration
      Lock icon Easy money
      67 6 [SEOUL] Four South Korean "event" girls, hiredby the dayfor their good looks and polite manners, bowing to a customer leaving a newly-opened cosmetics shop in the fashionable shopping district of Myondong in Seoul on Tuesday. Such women, usually earning around US$lOO (Si 141) a day, can often be
      REUTER  -  67 words
    • Article
      Lock icon Ruling party snubbed by president, polling panel
      396 6 NEWDELHI President's rare act of defiance landed by opposition parties AFP INDIA's ruling party has been snubbed by President Shankar Dayal Sharma and the country's autonomous poll panel ahead of the first general elections in five years, party sources said yesterday. In a
      AFP  -  396 words
    • Article
      Lock icon US to deliver US$400m worth of arms to Pakistan
      147 6 WASHINGTON AFP THE US government has decided to supply Pakistan with close to US$4OO million (***** million) worth of arms that Islamabad had paid for in the late *****, The Washington Post reported yesterday. The decision rules out imposing sanctions on
      AFP  -  147 words
    • Article
      Lock icon Pakistan prepares for transit trade with C Asia
      182 6 ISLAMABAD AFP PAKISTAN has launched a multi-million-dollar project to upgrade its northern high altitude Karakoram highway in preparation for transit trade with Central Asia through China. About US$l4 million (5519.6 million) will be spent this year while the entire three-year work project
      AFP  -  182 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      252 6 Ifi'Depth Business eScpf Hem ssa 1 W Jrn»m re tlr«0 ,I nl m -r j 1 year* I Perspective For over two decades Singapore Business has covered the local and regional business scenes with more depth and breadth from Mr/Ms I a perspective which is more relevant to I Profession:
      252 words
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  • THE WORLD
    • Article, Illustration
      Powell as the 'sexy' choice?
      843 7  -  LETTER FROM WASHXEGTOE Guessing game has begun on who Dole will pick as running-mate By Leon Hadar NOW that Senator Bob Dole has emerged as the big winner in Tuesday's Big Ten primaries and secured his position in the Republican presidential nomination, attention is switching
      843 words
    • Article, Illustration
      Lock icon A village waits
      36 7 [BOSNIA] Bosnian Muslim villagers in Kovacevici, east of Tuzla, waitingfor the arrival of the Serb police earlier this week. Under the Dayton peace accord, the village will come under Bosnian Serb control. REUTER
      REUTER  -  36 words
    • Article
      Lock icon Housing starts post surprise 3% rise
      183 7 WASHINGTON AFP HOUSING starts in the US rose an unexpected 3 per cent in February over January to a seasonally adjusted annual rate of 1.49 million units. The Commerce Department said on Tuesday that housing starts in January rose a revised 1.5 per cent,
      AFP  -  183 words
    • Article
      Lock icon Commerce chief slams protectionist rhetoric
      277 7 CARTAGENA, Colombia Reuter US COMMERCE Secretary Ron Brown has slammed recent protectionist rhetoric in Washington, saying the Clinton administration remains fully committed to the goal of creating a pan-American free trade zone by 2005. "This is a Clinton administration commitment. We made it, we intend
      Reuter  -  277 words
    • Article
      Lock icon Amex to up accounting firm buys
      72 7 NEW YORK Reuter AMERICAN Express Co was to announce plans late yesterday to increase acquisitions of accounting firms in an effort to become a major presence in the profession in the next five years. The Wall Street Journal yesterday said Amex's tax and business
      Reuter  -  72 words
    • Article
      Lock icon EU govts urged to use farm budget savings to create jobs
      343 7 BRUSSELS AFP THE European Commission yesterday challenged EU governments to live up to repeated pledges to fight unemployment by allowing huge anticipated savings in the farm budget to be used on behalf of the union's 18 mUlion jobless. Announcing
      AFP  -  343 words
    • Article
      Lock icon Market regulator under fire for Barings verdict
      439 7 LONDON Anger after top 2 men found not responsible for bank's collapse Reuter BRITAIN'S key financial market regulator faced pressure on Tuesday to totighen up after its controversial verdict last week on who is to blame for the collapse of Barings. The opposition
      Reuter  -  439 words
    • Article
      Lock icon Brittan faults US for pressuring Japan on trade
      426 7 WASHINGTON EU also wants to see China join WTO as soon as possible AFP EUROPEAN Commission Vice-President Leon Brittan on Tuesday criticised Washington for pressuring Japan on trade issues and urged that China be admitted to the World Trade Organisation as soon
      AFP  -  426 words
    • Article
      Lock icon Rising consumer debt worries Fed governor
      125 7 WASHINGTON AFP FEDERAL Reserve Board governor Lawrence Lindsey is "concerned" about the increasing consumer debt burden and the shrinking savings rate. Consumer credit has climbed every month since May 1993. In January, it reached U551,035 trillion (551.45 trillion), said the Fed. Mr Lindsey told
      AFP  -  125 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
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      130 words
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      Page 7 Advertisements Column 2
      48 7 FRAMELESS SHOWER SCREEN j* fv. ;V :> < 'f J v2i > -H; j*.'■ <•..' > Individually designed Spring tension to swing inwards, outwards and to self close Increases sense of space within the bathroom Available in Bmm 10mm tempered glass c/w stainless steel, satin, brass, gold, finest quality hinges
      48 words
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      Page 7 Advertisements Column 3
      68 7 =j Christof/e Paris ,i Ssl4o per pair with cst Pavilion Christofle The Shopping Gallery, 102-11/12 Hilton International Singapore, 581 Orchard Road, Singapore *****3. Tel 733 7257. Espace Christofle: Robinsons 176 Orchard Road, Level 4, Centrepoint, Singapore *****3 Isetan Scotts Level 4,350 Orchard Road, Shaw House, Singapore *****8. Takaskimaya Singapore Basement
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  • EDITORIAL & OPINION
    • Article, Illustration
      Gains for Asia in remoulding of Japan Inc
      690 8  -  THE BOTTOMLDVE OPINION By Vikram Khanna The writer is BT's regional economics editor JUST as it seemed that the Japanese economic recovery was beginning to take hold, with the Nikkei climbing and analysts putting out cautiously optimistic forecasts, out comes another spate
      690 words
    • Article
      IN OTHER WORDS
      156 8 Tou only have to hire a few clowns to make the industry look like a circus.' Arthur Levitt the New York Securities and Exchange Commission's chairman, in a tartly worded speech to a gathering of the Securities Industry Association. 'If the entire universe persuaded me to reconcile
      156 words
    • Article
      A brave decision on S'pore Power
      655 8 EDITORIAL IT WAS inevitable, if unfortunate, that the privatisation of Singapore Power (SP) and the impending hike in electricity tariffs were seen to go hand in hand When the government announced last month, to the surprise of many, the indefinite deferment of SP's public
      655 words
    • Article, Illustration
      Lock icon Dole, Clinton turn budget into battlefield
      1021 8  -  Risky calculations are in play in both Republican and Democrat camps as they haggle over how to balance US budget By, Alison Mitchell NYT WHEN President Bill Clinton •presented his US$l.64 trillion (552.3 trillion) budget for 1997 on Tuesday, it was the opening initiative
      NYT  -  1,021 words
    • Article
      WHAT THE OTHERS SAY
      809 8 Japan-South loraa tin RELATIONS between Japan and South Korea have been getting more strained, not surprising given the gap in historical perceptions, approaches to North Korea, and now a reheated territorial dispute over a rocky outcrop in the Sea of Japan. The Japan-South Korea Basic Treaty
      809 words
  • Page 8 Miscellaneous
    • Miscellaneous
      Page 8 Miscellaneous Column 1
      57 8 POOHESBPRYfI?/ Gary Trudeau I IHAVS IT'SI/UHATLOB YOUKNOCU, KIM,tMSO6LAP SOCMECKWISOUT, J *7 CULEAST&EM MHOS PAPPfSFOEMfi< °WI UJAS M V(JU WOK\ OKAY? IF YOU CLICK jgl AtUB- FUNCTIONALITY—A UJH&N HE TOLD ME HE- UJAS AFRA IP SH&\ I KIP'MJHY ON DENNIS RODMAN* W UTTLS SURPRISB SEEIN6 SOMEONE AT WORK, I S MIGHT
      57 words
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  • FOCUS: CHINA-TAIWAN TENSIONS
    • Article, Illustration
      Lock icon China has an edge with its sheer size
      1294 9  -  The outcome of a full-scale war would be decided within the first few days, perhaps before the US could react By\ a Special Correspondent The writer is a Hongkong-based analyst who specialises in Chinese military affairs. He contributed this feature to The
      REUTER  -  1,294 words
    • Article
      Lock icon Trying time for Taiwanese
      1085 9  -  Talk of war highlights uncertain status of Taiwanese execs in China By I Seth Faison NYT [SHANGHAI] Like many Taiwan businessmen who live and work in this city, Chiang Yu-min likes to relax by leaving his steel factory at the outskirts of town to meet friends
      NYT  -  1,085 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      354 9 At SNEF, our job is keeping you a step ahead. By providing the latest updated information on competitive salary packages and benefits. Enabling your organisation to motivate, retain and attract staff with cost effective salaries and incentives. All the more reason to get these 4 timely SNEF survey reports released
      354 words
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  • EXECUTIVE LIFESTYLE
    • Article, Illustration
      Lock icon A glimpse of what makes Beatles tick
      638 10  -  Anthology 2 gives J d considiivx: a rare insight into the Fab Four's creative process J D CONSIDINE AP IN THE 26 years since the Fab Four finally called it quits, we've been deluged by books and movies, TV specials and tell-alls designed
      AP  -  638 words
    • Article, Illustration
      Lock icon What's race got to do with it?
      898 12 OSCARS Jesse Jackson's protest prompts Hollywood to reassess race issue Los Angela Times [HOLLYWOOD] As the Rev Jesse Jackson marshals support for an Oscar night protest aimed at highlighting what he called "institutional racism" in the film business, few industry higher-ups quarrelled with
      Los Angela Times  -  898 words
    • CHATTERBox
      • Article
        Lock icon Philadelphia partly inspired by true story
        61 12 Reuter [NEW YORK] The makers of the movie Philadelphia said yesterday that the film was partly inspired by the story of a lawyer who was dismissed after he had Aids. This followed the announcement of settlement of a lawsuit brought against Tristar Pictures by
        Reuter  -  61 words
      • Article, Illustration
        Lock icon Party begins
        34 12 Reuter [LOS ANGELES] Actors Eric Roberts (left) and Gregory Harrison, stars of the new film. It's My Party, about an architect's battle against Aids, posing together at the film's premiere on Tuesday.—Reuter
        Reuter  -  34 words
      • Article
        Lock icon Baldwin says sorry
        49 12 Reuter [LOS ANGELES} Actor Alec Baldwin told a jury (Hi Tuesday that he was "very story" about breaking a photographer's nose by accident last October while trying to knock a camera out of his hands. He had pleaded not guilty to a single misdemeanour battery charge.—Reuter
        Reuter  -  49 words
      • Article
        Lock icon French actress plays Queen Mary
        53 12 AFP [LONDON] French actress Isabelle Huppert, 42, makes her debut playing the lead role in Mary Stuart at the Royal National Theatre last Thursday. The play is about the final days of the Queen of Scots who was jailed for 19 years by her cousin
        AFP  -  53 words
    • Article
      Lock icon Music works miracles for ghetto kids
      460 12 The story of a violin teacher who uses music to touch lives is told in a documentary headed for an Oscar Reuter [NEW YORK] In the hard, mean streets of New York's East Harlem, a woman violin teacher is forging an educational miracle, one
      Reuter  -  460 words
    • Article, Illustration
      Lock icon All love Babe but don't know why
      629 12 The film may win by default as there are no front-runners in a bad year for Oscar Reuter [HOLLYWOOD] Babe, a low-budget barnyard fable from Australia, has proved that pigs can fly at least when it comes to Oscar time. The movie, about
      Reuter  -  629 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      716 10 ■m™ P iHi??W!TTm7jTfTni WHERE TO WINE, DINE AND ENTERTAIN vfl I worlo s largest selling ker J F-J *«n. *I« At/su -J® Ibl mmmmmm KVw|i I Love It! LONG BEACH MARINA SEAFOOD RESTAURANT (Ca< Park A) ptanet Marina Marina South Singapore *****1 Open Daily: 500pm-1 30 am Te l 323
      716 words
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      Page 10 Advertisements Column 2
      123 10 mm SHMXHSWIWCH www I fImSLIMLM Jp Nr hkvUohi plioii coi Ml 6251/? JSL MM 3 333 Ort-K»rd Road. Siafapor* 23MfiT. TeL 737 441 1 Rated tickt By Hah Kan Keng oflbe Sindag Trnes prtitntx ~w !§y™'% I VOLCANIC RIBS If HONEY RIBS W FIRE RIBS 1\ M S'N'SRIBS m m
      123 words
Page thumbnail Page 11
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      525 11 Where to wine, dine and entertain I CONNOISSEURS RENDEZVOUS A popular rendezvous for connoisseurs of Syphon Brewed Coffee, Tea and pre-dinner cocktails. "Cosy, private and quiet' Just the place to relax, catch up with friends, clinch that all important business deal or Simply while away the hours with your favourite
      525 words
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      Page 11 Advertisements Column 2
      99 11 SINGAPORE BUSINESS V \.-t JP^^H J AMA CpAVVHT +?L*.. i Set \ncÞ AefsHser Main Course: Salmon Rk* Set. King Prawn J Mleo aoup Choice of US W .He, o«ef or Chicken PJcklee Prioe at £o>l P—wt< $Z4++ Mkedfrufte per person. Cafl for rMMvahon a» 221 2811 0r*****24 WKfil* Open to
      99 words
  • Page 11 Miscellaneous
    • Miscellaneous
      Page 11 Miscellaneous Column 1
      787 11 TVvRADIO iMMIMtMI (See Our Choice). 10.00 Sweet Home (Japanese o 10b30 News 5 Tonight (includ- Drama). BJO AM Soccer: Asian Olym- i n g Highlights from Par- IL3O TV Innovations wj-nsr »lfcm pic Qualifier 96 Japan liament). L3O AM Close. 18 ILIB Beverly Hills *****. W 1.00 Soccer: Asian Olympic
      787 words
    • Miscellaneous
      Page 11 Miscellaneous Column 2
      290 11 CRYPTIC CROSSWORD 1 Pools enthusiast (4,7) 7 Some risked getting stuck with a small anchor (5) M| I I I I I I I I I P 8 Pearl, grip new daily deliverer —-j■■J ™TMb~" 10 Name rewritten using our charm rci power the 12 Quite enough for legislator getting
      290 words
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  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      214 12 THE WEATHER Singapore: Slightly hazy, showers over several areas in the afternoon. Temperature (33-23) AMmOo HVLo* Good. Europe HVLo* Good. ft—rtoa HVLo* Good. Auckland 11/15 (Viudy Ansnrdam #7/02 Run AlUntt o*o6 Cloudy Bangkok 3726 Sunny Atoms 00/07 Cloudy Buenos Aim Shown Bew 0K(O Ra» Brfu 09/01 Ran Clang) UA Cloudv
      214 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon Core businesses drive paw Par profit up 33%
      509 13  -  Investment properties revalued to SSOTm, yielding a surplus of $180 m By i Genevieve Cua [SINGAPORE] Diversified Haw Par Brothers International yesterday posted a 33 per cent rise in group net earnings to $35.43 million for the year ended Dec 31, 1995
      CHRIS LOH  -  509 words
    • Article
      Seagate's acquisition of Conner will not hit S'pore suppliers
      220 13 [SINGAPORE] It looks like several listed component suppliers will not be affected in the near future by US diskdrive maker Seagate's acquisition of rival firm Conner Peripherals. Ron Verdoorn, executive vice-president and chief operating officer of Seagate's storage products group, said
      220 words
    • Article
      Tong Meng turnover dips
      121 13 [SINGAPORE] Tong Meng Industries yesterday posted a 9.1 per cent drop in turnover to $5.1 million for the year ended Dec 31,1995. The drop was due to lower overseas demand for its products, mainly aluminium kitchen utensils and stainless steel ware. However, group net earnings rose
      121 words
    • Article, Illustration
      A lesson for analysts in DBS Land's weak profit growth
      709 13  -  BOCK LOCK SOW By Abdul Hadhi BROKING analysts had expected DBS Land's results to be below their own earlier expectations, but the size of the gap caught most of them off-guard. Quite a few of those analysts had revised their
      709 words
    • Article
      Wassail earnings plunge 90%
      204 13 Exceptional costs of $1.7 m to blame [SINGAPORE] Trailer axle and suspension maker Wassail Asia Pacific (formerly York Pacific Holdings) yesterday reported a 90 per cent plunge in group net earnings to $177,000 for the year ended Dec 31,1995. The drop was due to exceptional costs,
      204 words
    • Article
      CPF move seen as a boost to unit trust industry
      396 13  -  Merger of investment schemes will make more funds available By I Shiv Taneja (SINGAPORE] The Republic's $2 billion unit trust industry is expected to get a boost from the government's plan to merge the two CPF investment schemes from next
      396 words
    • REGIONAL COMPANIES
      • Article, Illustration
        Cambodia sets up agency to speed up Ariston project
        461 14  -  The USsl.3b project to develop Sihanoukville town held up by red tape By Harish Mehta [SINGAPORE] Cambodia is setting up a special body to help speed up a US$l.3 billion (Ssl.B billion) project in Sihanoukville by Malaysian firm Ariston Sn Bhd
        461 words
      • Article, Illustration
        S'pore shares seen going up after reporting season
        458 14  -  By' Ven Sreenivasan [SINGAPORE] Barring external shocks, the Straits Times Industrials Index should reach 2,650 points this year, with the DBS 50 Index stocks' price-earnings ratios hovering at about 19.5 times 19% earnings. DBS Investment Research director Mano Sabnani said that although
        458 words
      • Article, Illustration
        Lock icon Cement Manufacturers to buy 57% stake in banking group
        267 14 Reuter Bloomberg Business News [KUALA LUMPUR] Cement Manufacturers Sarawak Bhd (CMS) said it agreed to pay M 5445.5 million (***** million) for a 57.55 per cent stake in Bumb Holdings Bhd. The acquisition will be carried out by acquiring 100 per
        Reuter; Bloomberg Business News; Source: Bloomberg; BCRUZ  -  267 words
      • Article
        Lock icon Star pre-tax gain up 17% to M$54m
        114 14 The Star [KUALA LUMPUR] Star Publications (Malaysia) Bhd recorded a 17.7 per cent rise in group pre-tax profit to M 554.6 million (Ss3o million) for the year ended Dec 31, 1995, compared with M 546.38 million a year before. This was achieved on
        The Star  -  114 words
      • Article
        Lock icon Telekom's fibre optic joint venture officially launched
        230 14 Bernama [KUALA LUMPUR] Fiberail Sdn Bhd, a joint venture between Telekom Malaysia Bhd and KTM Bhd with a paid-up capital of Msl4 million (557.7 million), was officially launched here yesterday. Mohd berail's chairman; Bflfeekom Malaysia would hold a 60 per cent stake in
        Bernama  -  230 words
      • Article
        Lock icon Merrill sells Telkom warrants
        175 14 Bloomberg Business News [JAKARTA] Merrill Lynch International Co has sold US$4O million (Sss6 million) worth of warrants on the stock of PT Telkom, Indonesia's domestic phone company. Merrill sold 125 million of the war nts for 32 US cents each. company said an application will be
        Bloomberg Business News  -  175 words
      • Article
        Lock icon ABS-CBN in 1b-peso expansion
        131 14 AFP [MANILA] Philippine broadcasting giant ABS-CBN, of the prominent Lopez family, will invest one billion pesos (5553.7 million) in 1996 for its expansion projects, its president said yesterday. The amount will go to provincial and international expansion and the setting up of a UHF station, estimated
        AFP  -  131 words
      • Article
        C&W to acquire Telekom's stake in Indon venture
        423 14  -  25% equity stake to cost British telecom firmUSs22.sm By\ S N Vasuki in Jakarta BRITISH telecom firm Cable Wireless (C&W) has acquired a 25 per cent equity stake in a troubled Indonesian telecommunications joint venture for U5522.5 million (5531.7 million). The stake
        423 words
      • Article
        Lock icon Telekom Malaysia denies Kalimantan deal withdrawal
        178 14 AFP [KUALA LUMPUR] Telekom Malaysia Bhd yesterday denied it had pulled out of a troubled telecommunications venture with PT Telekomunikasi Indonesia, despite reports it had been replaced in the consortium. Chief executive Mohamed Said Mohamed Ali said Telekom Malaysia was awaiting clarification from PT
        AFP  -  178 words
      • COMPANYBriefs
        • Article
          Telecom unit's stake in UK firm sold
          72 14 (SINGAPORE] Singapore Telecom has completed the sale of its subsidiary Singapore Telecom International's SO per cent stake In UK cable television company, Cambridge Holding Company, and the assignment of certain STI loans to Cambridge onto Comcast UK Cable Partners, in exchange for 8.85
          72 words
        • Article
          Hitachi Zosen gets new director
          43 14 [SINGAPORE] Hitachi Zosen Singapore Ltd has appointed Kuniaki Furuya as executive director, replacing Satoshi Kanao who has resigned. Mr Furuya will join Hitachi Zosen here on March 31. Mr Furuya has been with the Hitachi Zosen since 1967.
          43 words
        • Article
          Informatics buys more shares in IAF
          39 14 [SINGAPORE] Informatics Holdings has subscribed for 119,996 more shares in its 30 per cent-owned associate lAF Pte Ltd at $1 each, to provide more working capital lAFs paid-up share capital is now $400,000.
          39 words
        • Article
          OCBC paid-up capital is $908m
          21 14 [SINGAPORE] OCBC Bank said its issued and paid-up capital stood at $906.43.mi1U0n as at Feb 29.
          21 words
        • Article
          SPH unit ups stake in CyberWay
          65 14 [SINGAPORE] SPH MultiMedia Pte Ltd, a wholly-owned subsidiary of Singapore Press Holdings, has raised Its shareholding in CyberWay Pte Ltd to 55 per cent from 50 per cent by buying 294,750 ordinary shares from ST Telecommunications at $906,016. The transaction is not expected to
          65 words
        • Article
          Prima incorporates two more units
          44 14 [SINGAPORE] Prima Ltd has incorporated two subsidiaries here. They are PrimaDeli Pte Ltd and Prill Pte Ltd. The former's main activity is making cakes and bread and operating confectioneries, cafes and snack bars. Prili is an investment holding company.
          44 words
        • Article
          STA names non-executive director
          25 14 [SINGAPORE] Singapore Technologies Automotive (STA), the motor arm of the Singapore Technologies group, has appointed Alfred Wong as a non-executive director.
          25 words
      • COMPANYBriefs
        • Article
          Lock icon Tesler is Apple's now Internet head
          50 15 Bloomberg Business News [CALIFORNIA] Apple Computer Inc has named its chief scientist, Larry Tesler, 50, to head its new Internet group. The Internet group will focus on using Apple technologies and products on the Internet and forging alliances with other companies. Bloomberg Business News
          Bloomberg Business News  -  50 words
        • Article
          Lock icon Harrisons pre-tax gain plunges by 50%
          48 15 Bloomberg Business News [LONDON} Harrisons Crossfield pic said pre-tax profit in 1995 declined to £119.6 million (Ss2sB million) from £236.7 million as it sold off businesses and assets. Operating profit from continuing operations rose 20 per cent to £129.9 million.—Bloomberg Business News
          Bloomberg Business News  -  48 words
        • Article
          Lock icon Microsoft in Chinese Windows venture
          57 15 Bloomberg Business News [BEIJING] Microsoft Corp said it and Motorola Inc have agreed to develop a platform for the PowerPC processor based on a Chinese version of Windows NT. It said they will work with Chinese computer maker Legend Holdings to develop a Chinese-language platform
          Bloomberg Business News  -  57 words
        • Article
          Lock icon Burger King triples budget to US$150m
          55 15 Reuter [MIAMI] Burger King, a unit of Grand Metropolitan pic, has tripled its budget to between US$l5O million (Ss2ll million) and $175 million for capital spending in 1996 as it tries to take away market share from arch-rivals McDonald's Corp and Wendy's International Inc,
          Reuter  -  55 words
      • Article
        Sun Hung Kai Prop matches forecast with 5% earnings rise
        308 15  -  ,-»r Quak Hiang Whai [HONGKONG] Sun Hung Kai Properties, Hongkong's largest property firm, yesterday matched market expectations by reporting net earnings of HK$5.l5 billion (Ss94o million) for the six months to Dec 31, 1995, a rise of 5 per cent
        308 words
      • Article
        SCMP share-swap offer lapses
        376 15  -  Analysts say the newspaper is unlikely to succeed in its hostile takeover of TVE Holdings From< Quak Hiang Whai in Hongkong SOUTH China Morning Post's share-swap offer to take over TVE Holdings lapsed yesterday but brokers say the English newspaper controlled by tycoon Robert Kuok was
        376 words
      • Article
        Lock icon Hopewell results within expectations
        164 15 Reuter [HONGKONG] Hopewell Holdings's interim results were satisfactory despite the 63-per cent drop in net profit, analysts said yesterday. An analyst at a European brokerage said: "If you take away last year's extraordinary item, operating profit posted a growth." He said the figures fell within market
        Reuter  -  164 words
      • Article
        Almost 100 more HK stocks qualify for short-selling under revised rules
        385 15  -  New system starts on Monday and exchange will review it in three months From Quak Hiang Whai in Hongkong THE Stock Exchange of Hongkong (SEHK) has further deregulated short-selling for Hongkong securities, with designated stocks to be increased to
        385 words
      • Article
        Lock icon Australia's Telstra prepares for launch in NZ
        230 15 Reuter [WELLINGTON] Australia's major telecommunications provider, Telstra, has doubled its trans-Tasman call capacity ahead of a formal launch of services in New Zealand next week, the New Zealand Press Association (NZPA) reported yesterday. Telstra New Zealand, a locally registered, whollyowned subsidiary of Telecom
        Reuter  -  230 words
    • INTERNATIONAL COMPANIES
      • Article
        Lock icon Share prices of cable companies poised for upturn, says panel
        473 16 New revenue sources like high-speed Internet access will lift profits Bloomberg Business News [NEW YORK] For the past several years, the cable industry has been in the doldrums as Car as Wall Street is concerned. That's about to Change, a
        Bloomberg Business News  -  473 words
      • Article, Illustration
        Lock icon Guardian group rejects Al Fayed's bid for The Observer
        237 16 AFP [LONDON] A £25 million (5553.7 million) bid by Mohamed A 1 Fayed, proprietor of London's exclusive Harrods' department store, for the British Sunday newspaper, The Observer, was rejected on Tuesday. A statement from the paper's owner, Guardian Media Group (GMG),
        AFP  -  237 words
      • Article
        Lock icon Deutsche Telekom starts blitz on share sale
        391 16 Small investors to get incentives; full prospectus to be available in Oct Bloomberg Business News [BONN] Deutsche Telekom AG has officially kicked off the "hot phase" of its share sale to the public planned for later this year, while saying that detailed information
        Bloomberg Business News  -  391 words
      • Article
        Lock icon Unilever completing US$915m takeover of Helene Curtis
        344 16 Deal gives Unilever bigger market share, offers Helene Curtis the competitive edge Bloomberg Business News [NEW YORK] Unilever NV said it completed its tender offer for Helene Curtis Industries Inc and expected to complete its US$9l5 mUlion (Ssl.3 billion) acquisition of the per-sonal-care
        Bloomberg Business News  -  344 words
      • Article, Illustration
        Lock icon Higher tyre prices help Michelin more than double profit
        498 16 Reuter [PARIS] Giant French tyremaker Michelin has more than doubled its profit in 1995 after raising its tyre prices and sales. The company, the world's largest tyre-maker with a 19 per cent share of the global market, said on Tuesday that
        Reuter; AFP  -  498 words
      • Article
        Lock icon Lehman 1Q profit exceeds forecasts
        321 16 Knight-Ridder Bloomberg Business News [NEW YORK] Lehman Brothers Holdings yesterday reported first-quarter net income of US$lO4 million (*****.6 million), or 79 cents per share, compared with US$45 million, or 31 cerits per share in the year-ago period. The results were above Wall Street expectations. Analysts
        Knight-Ridder; Bloomberg Business News  -  321 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon Chemical Banking to cut costs by another 20%
        460 17 Analysts expect the group, after its merger with Chase Manhattan, to save USsl.Bb over 3 years Bloomberg Business News [NEW YORK] Chemical Banking Corp is expected to slash an additional 20 per cent in costs as it buys Chase Manhattan Corp for
        Bloomberg Business News  -  460 words
      • Article, Illustration
        Lock icon Yen seen leading US$ up against other currencies
        293 17  -  Better for rally to take place before US presidential election, says analyst By] Paul Leo [SINGAPORE] The US dollaryen rate will lead the greenback higher against other currencies, Technical Data global product director Muj King predicted in an interview with BT yesterday.
        Source: Bloomberg  -  293 words
      • Article
        Lock icon Signet Bank reveals huge fraud
        216 17 Bloomberg Business News [RICHMOND, Virginia] Signet Banking Corp said a group of individuals posing as employees of a Fortune 100 company forged at least US$254 million (***** million) in loan documents, putting at risk several banks which gave the bogus loans. Signet said it apparently
        Bloomberg Business News  -  216 words
      • SMALLChange
        • Article
          Lock icon Disney to sell US$1.6b bonds next week
          75 17 Bloomberg Business News [NEW YORK] Walt Disney Co plans to sell US$l.5 billion (Ss2.l billion) of global bonds in two parts early next week, money managers said on Tuesday. The Burbank, California-based, media and entertainment company would sell US$75O million of five-year notes
          Bloomberg Business News  -  75 words
        • Article
          Lock icon Westpac to buy back 5% of common stock
          70 17 Bloomberg Business News [SYDNEY] Westpac Banking Corp said it plans to buy back 95 million shares, or 5 per cent of existing ordinary stock, over a one-month period. It said it may extend the buyback plan for up to six months if
          Bloomberg Business News  -  70 words
        • Article
          Lock icon PCIBank-Cigna venture gets licence
          69 17 AFX-Asia [MANILA] The Insurance Commission has awarded Philippine Commercial International Bank and US-based Cigna Corp joint venture PCIB Cigna Life Insurance Corp an operating licence. It has an initial authorised capital of 600 million pesos (5531.8 million), 200 million of which has been subscribed to and
          AFX-Asia  -  69 words
        • Article
          Lock icon VietSteel to issue 6,000 bonds to staff
          74 17 AFX-Asia [HANOI] Vietnam Steel Corp said it has received approval from the government to issue 6,000 bonds valued at US$lOO (Ssl4o) each with a maturity of 25 years to employees. An official said the proceeds would be used to partly finance a US$l2
          AFX-Asia  -  74 words
      • Article
        Lock icon Citicorp sees emerging markets fuelling growth
        144 17 Reuter [NEW YORK] Citicorp's wholesale banking business is being driven by the demands of corporate customers who are globally focused and by high growth rates in emerging markets, a team of executives told an analysts' meeting on Tuesday. Speaking to the Bank and Financial
        Reuter  -  144 words
      • Article
        Lock icon Indonesia raises US$500m facility
        210 17 Bloomberg Business News [HONGKONG] Indonesia is borrowing US$5OO million (Ss7os million) through a group of six banks, one of two financings planned for 19%, a central bank official said. The loan "is a routine operation of the central bank" and does not replace plans to sell
        Bloomberg Business News  -  210 words
      • Article
        Lock icon ABN Amro to buy Comerica Bank-Illinois
        293 17 Bloomberg Business News [AMSTERDAM] Comerica Inc has agreed to sell its Illinois division to ABN Amro Holding, the parent company of LaSalle National Corp, for US$l9O million (***** million) in cash. For ABN Amro, the largest Dutch bank and the foreign bank with the
        Bloomberg Business News  -  293 words
      • Article, Illustration
        Refiners see good 1st quarter, thanks to the cold whiter
        536 18  -  TDB figures for February released yesterday said domestic oil exports grewl3J% By. Ronnie Lim [SINGAPORE] Oil refiners here are set to book a solid performance for the JanuaryMarch period, which saw firm oil product prices because of strong northern hemisphere
        536 words
      • Article
        Lock icon Tight margins may force small US refineries to fold
        363 18 But larger refineries will boost capacity to meet growing demand, say oil execs Reuter [SAN ANTONIO, Texas] Bigger seems to be better in the US refining game these days. Dozens of older, smaller domestic refineries are expected to be mothballed in
        Reuter  -  363 words
      • Article
        Lock icon Lloyd's close to £100m deal with insurance brokers
        435 18 AFP [LONDON] Lloyd's of London is close to reaching a deal with insurance brokers on a £100 million (Ss2ls million) contribution towards the market's recovery plan, the Financial Times reported yesterday. The prospective deal increases the likelihood that Lloyd's will push its
        AFP  -  435 words
      • Article
        Lock icon NatWest close to a deal
        106 18 Reuter [LONDON] National Westminster Bank pic is on the verge of announcing a takeover of mutual insurer Clerical Medical in an £800 million (Ssl.7 billion) deal, the Guardian newspaper said yesterday. It said final negotiations were close to completion with an announcement possible within a
        Reuter  -  106 words
      • Article
        Lock icon 250b yuan market in China for insurers?
        208 18 AFP [SHANGHAI] China's insurance market is worth 250 billion yuan (Ss42 billion) and premium income is set to break the 200 billion yuan mark before 2000, a newspaper reported yesterday. The Shanghai Securities News said the market estimate was made by foreign and
        AFP  -  208 words
      • Article
        Lock icon GM strike seen to hit steelmakers' earnings
        283 18 Reuter [PITTSBURGH] Profits of US steelmakers will be squeezed in the first quarter by the strike at Oneral Motors Corp, but the second quarter would take an even bigger hit if the strike is not resolved within the next two weeks. "I don't
        Reuter  -  283 words
      • Article
        Lock icon Eurodollars ease in thin trade
        240 18 SHBBI Report Reuter [SINGAPORE] Simex Eurodollar futures lost their footing at the close of a thin, uninspired session as players turned their eyes increasingly towards US February retail sales data due later yesterday. "We're all talking about a strong economy now," said a trader, citing
        Reuter  -  240 words
      • Article
        Lock icon CURRENCY REPORT
        167 18 Reuter AFP Iffliiiftn THE dollar was left squirming in its familiar narrow ranges and dealers see little on the horizon this week to inspire a decisive break of current ranges. Stronger than expected German M 3 data had no significant impact on the dollar and the market has
        Reuter; AFP  -  167 words
      • Article
        Lock icon Frantic buying to fill stocks raises oil prices
        320 18 ENERGY REPORT Reuter [LONDON] A blistering oil price rally continued yesterday as traders rushed to replenish low oil inventories. In the US, the world's biggest oil consumer, stocks have sunk to 19-year lows. The May futures contract for the benchmark Brent Blend
        Reuter  -  320 words
      • Article, Illustration
        Untitled
        1226 18 nrraMAmcrammcTKATBi <pm Mara A atert S$ A«alnst USS Against S$ Against US$ Cwrmtot BM Offer M Offer Carrowios BM Offer M Offer SfCSS to one unit r* fix*StVSS to 190 v*itt of tortiffn currtncy: Aastraliaa OaOar 1.0095 1.0910 0.7741 0.7744 Franc* franc 27.9172 27.9425 *****6 *****5 <*»*»«#« 1.0J54 1.0345 0.7354
        1,226 words
    • Article
      COMMODITY PRICES
      1705 19 SI COM rUTU«BS Mar 20 RUMCK (Marts dost* at SJOpa) tSSICONTRACTttcMtsAo) CIom Volume Open H*9*» jaw Sott (tonnes) Interest Apr 96 217.00 217.00 217.00 250 1075 N«V 214.00 213.50 212.00 500 4525 J* 210.00 210.00 209.00 150 2700 W*9 96 207.50 206.00 208.00 3000 ***** 96 207.50 *****
      1,705 words
    • Article
      WORLD STOCK MARKETS
      2381 19 tOttPOft Industrials Mario tan A. A. Corp Adr 611/2 -1/4 A8 Ports 292 -6 Abbey National 558 -1 ADM Lyons 496 5 1/2 Amec 1001/2 -21/2 Argyll 312 -2 Asda Croup 104 1/2 SATInd 485 -18.437 BKX 338 -4 BOC Group 906 *1 BR Petroleum 565 -9
      2,381 words
    • Article, Illustration
      Lock icon JAKARTA
      707 20 Bloomberg Business News PCompoffltaladßi -L 37 STOCKS fell, led by clove cigarette makers Sampoerna and Gudang Garam on talk that taxes for the industry will rise at the end of the month and clip their profits. "Who wants to take a chance? A lot of investors think it's better
      Bloomberg Business News  -  707 words
    • Article, Illustration
      Lock icon HONGKONG
      1711 20 Reuter QH&ngSeng -43J7 STOCKS moderated their losses after heavy buying of Hutchison pared sharp early losses in the market. The Hang Seng Index fell 43.97 points to 10,836.53, off an initial low of 10,779.81 hit on a correction following Tuesday's 279-point jump. Turnover was HK54.64 billion. "Hutchison stood out
      Reuter  -  1,711 words
    • Article, Illustration
      Lock icon CHINA
      623 20 Reuter P Shanghai B Share Indei -o^B THE Shanghai B Share Index ended down, with investors selling stocks of firms expected to have poor 1995 results and trading volume small due to weak sentiment. The index fell 0.28 point to 51.31 on a volume of 6.1 million shares worth
      Reuter; Source: Credit Lyonnais Securities (Asia) Ltd  -  623 words
    • Article
      Lock icon TAIPEI
      382 20 AFP Q VP Index +902 SHARE prices closed 1.8 per cent higher as investors rushed to buy cheap stocks. "Active buying of stocks by foreign institutions over the past several days encouraged retail investors to follow suit," said a trader. The Weighted Price Index surged 90.2 points to 5,040.52.
      AFP  -  382 words
    • Article, Illustration
      Lock icon BANGKOK
      825 20 Bloomberg Business News SET Index +182 STOCKS rose, led by communication issues, on what analysts said were hopes for strong first-quarter profits. The SET Composite Index rose 3.82 points to 1,287.9. Turnover was 47.6 million shares worth 3.7 billion baht. Falls outpaced rises by a three-to-two margin. Analysts said
      Bloomberg Business News; ALLAN  -  825 words
    • Article
      Lock icon MANILA
      353 20 AFP n Manila -15.60 STOCKS fell in a technical correction following strong gains in previous sessions. The Composite Index fell 15.6 points to 2,859.82. Turnover was 7.1 billion shares valued at 1.5 billion pesos. Philippine Long Distance Telephone Co rose five pesos to 1,490. San Miguel A shares eased
      AFP  -  353 words
    • Article
      Lock icon SEOUL
      420 20 AFP rl Composite Index *MS SHARE prices firmed as investors' confidence grew following a series of government stockmarket boosting measures, brokers said. Investors went on a bar-gain-hunting spree on the belief that the market's upswing would last for some time. The Composite Price Index closed 9.85 points higher at
      AFP  -  420 words
    • Article
      Lock icon SYDNEY
      611 20 Reuter PAnOrimaricg -€J SHARE prices closed weaker yesterday during a day of consolidation after previous sessions marked by jitters and rumours. The All-Ordinaries Index fell 6.9 points to 2,249.4. Turnover was 270.3 million shares worth A 5614.6 million. Among the leaders, miner CRA gained 12 cents to AJ19.58, resource
      Reuter  -  611 words
    • Article
      Lock icon WELLINGTON
      281 20 Bloomberg Business News Q Wellington +2&0 STOCKS rose as Fletcher Challenge's separately traded energy shares surged nearly 7 per cent. The NZSE Top 40 Share Index closed 28 points higher at 2,151.20. Bloom- ■r* «a *b nm ANZ Banking 7.16 unch ***** Advantages HWqs 1.64 unch ***** Air Waw
      Bloomberg Business News  -  281 words
    • KUALA LUMPUR STOCK MARKET
      • Article, Illustration
        Lock icon Stocks rise on good company results
        7598 21 KUALA LUMPUR/ Bloomberg Business News fl Composite Index +437 STOCKS rose for a second day, led by gains in Time Engineering and United Engineers (Malaysia) on their strong earnings growth. "The fnarket has digested some good corporate earnings recently," said an analyst. The KLSE
        Bloomberg Business News; ALLAN  -  7,598 words
    • WARRANTS & OPTIONS
      • Article
        Consider Berjaya Singer options
        3771 22  -  WARRANT WATCH By R Sivanithy CONTINUING our theme of looking out for warrants that are cheap in absolute dollar cost, today's feature is Berjaya Singer's 1998 warrants, which are so far out-of-the-money that pricing them sensibly is almost impossible mainly because the underlying shares have collapsed.
        3,771 words
    • Article
      CLOB INTERNATIONAL
      2408 22 MALAYSIAN STOCKS 61 Cf 1995/96 Last Vat Day Lut Oust* (Mv Dtv YM Nat MC« High Law Stno Caiwpawy Sata COOP) High Law Buyar SaHar CV P/t >K US IN in WOO AISB50C US lust 10 49 02 00.9 630.7 127 70,5 5001 AMOBSOc 10 -0.5 236 *.5
      2,408 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        1209 23 TWNOVCt COOO) VAIUC (*000) cut r«m mhi cm Tt* 22,748 8.199 30,947 99.888 14,708 104,596 nuRCt 4,936 3,4*3 MM 54,319 6/436 60,755 Hetata 1,456 230 1.686 8,421 456 6377 ProvarMi 7,133 MM 16.521 58.616 12.800 71.416 MwtaMoii 2.072 2.072 5,798 5,798 MMnf 818 W6 V901 1,901 M.W 3.844 4.587 8Jt51
        1,209 words
      • Article
        MAIN BOARD
        4414 23 Or Gr M m ms/M Laet Vol Day Last Ow*« 01 v Mi YM IM Cap Ayg HNd low SWo Mi rooo) H>» U» 8«yor «—r H C»r W Price MDUtTRMU 214 165 1258 Acer 50c US186 »5 43 187 184 186 187 12.4 307.9 494 318* m
        4,414 words
      • Article
        SESDAQ
        806 23 1995/96 laat Vat Oat LMl Ouat a ON Otv VM Nat Cap Am hm» l— §tm ciniy u*» rooot mnh iw t—r cv p/i w pxcp mm 322 40 2000 A8RMW9s5« 254 -1 7 259 254 254 250 18.0 6.9 0.4 55.2 H2.3 257 280 50 2001 Asiamptrti 50c
        806 words
      • Article, Illustration
        HOT STOCK
        62 24  -  By Paul Loe BUY Clipsal Industries should it fall further towards a major support at $2.00. bi heavy trading yesterday, the stock declined one cent to $2.14. Volume was 797,000 units 6.5 times the 104 ay average of 123,000 shares. Momentum indicators are neutral while the weekly Relative
        62 words
      • Article, Illustration
        Market flounders as flow of foreign funds dries up
        884 24  -  STOCK MABKBT COMMENTARY Bank and property stocks surrender most of Tuesday's gains as turnover takes a dip f)y R Sivanithy [SINGAPORE] The recent drying-up of liquidity on the local bourse worsened yesterday, providing a lacklustre trading environment in which prices closed
        884 words
      • ON THE GRAPEVINE
        • Article
          The wonders of Haagen Dazs
          88 24 FIREWORKS at yesterday's Hotel Props EGM? Nah. It might have been the free Haagen Dazs ice-cream that HPL handed out to shareholders who attended the EGM to vote on the sale of discounted units to 15 directors, their family members and shareholders at two HPL
          88 words
        • Article
          Credential for cla?
          109 24 IT PROBABLY had more to do with lawyer Joe Grlmberg, HPL's non-executive director, who chaired the meeting yesterday in the absence of Peter Fu, HPL's chairman. But one part of his speech at the EGM was intriguing. In justifying the sale of discounted properties to family members
          109 words
        • Article
          Regue trader, after all
          106 24 DURING the trial of Nick Leeson, defence counsel John Koh made an impassioned mitigation plea, portraying his client as a dynamic but misguided trader who did what he did in order to cover up his trading losses. Leeson's crimes, Mr Koh valiantly argued, were the desperate
          106 words
        • Article
          On poker and punting
          101 24 WITH the stock market being as dead as it Is now, remisiera in at least one firm are turning to playing poker, not only to pass the time but also to boost their incomes. One bored dealer said: "The game starts at 9.30 am every day
          101 words
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      146 13 <* wm m MJ m WmiMKk mm v HH m Mm 1 H Chef Giovanni brings to you an cxciting menu of fine which includes his much talked-about Baked Pigeon Casseruola as well as his speciality dish, Carpaccio di Salmone. A dining experience so impeccable that perhaps matched only by
      146 words
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      125 14 </> WITH A DIFFERENCE actua "y mecsure d <w rooms Q and discovered that ours are q probably one of the most spacious you'll get nett! To make it an even better offer, we compliment it with: Amercian Breakfast Welcome CP Coffee/Tea making facilities 24 Hours in-house video Personal Safe
      125 words
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      510 15 Mil J/j CATWOmr Man's Men's Men's Woman's Woman's Woman's U DffmVm wm mmm M b*H ,M bekH ctoH Team Entry m Afflfe 1 cci CEI o- □*> LMMMwO WITH Hit In r. I «i 11 111 ***************1 m I Fror persons may a from and enter the team event without
      510 words
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      670 16 JF Keppel Finance Limited (Incorporated in the Republic of Singapore) NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Company will be held on 8 April 1996 at 10.00 a.m. at the Board Room, Keppel Finance Limited, 10 Hoe Chiang Road #09-00, Keppel Towers, Singapore *****5, for the
      670 words
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      1966 17 TTTIf Yeo Hiap Seng Limited I no mmtmaq COMPANY ANNOUNCEMENT The Board d Dsectors wishes to amuuraa toe toNowing unaudted raeuNs d toe Group and dtoe Company tor toe yeer ended 31 December 1995 1. UNAUOfTED RESULTS FOR THE YEAH THE GROUP THE COMPANY 1995 1994 WW '995 1994 ♦/<-)
      1,966 words
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      56 19 The Tokyo stock market was closed yesterday Cant keep your house in order? If you are having problems with clogged pipes, over-grown gardens, pest infestations, poor TV reception, worn-out fittings and furnishings Get a quick fix. Seek help from the Classified, Home Needs Classifications 126 to 146. CATS. Home Decor
      56 words
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      28 20 Mastering of time for the man of action and decisions. Ref. 30.0243.410 Solid gold Soto Ag«nt: CRYSTAL TIMC (S| FT! LTD TM: 747 MM Rcf. 01.0240.410 Stainless sted
      28 words
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      44 21 FOR THOSE WHO PLACE QUALITY ABOVE ALL. YOUR TIME HAS COME! Enhance your image. Promote your business. All in the name of quality. Call us, we'll show you how. Tang Ngai Kin 740 2085 (pg 9301 9320) Serene Cheong 740 1609 (pg 9408 0305)
      44 words
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      62 22 Wi z- Get Biz! Get Wiz! Multimedia co-Rom Everything you wanted to know about Unit Trusts as well as I 1 a financial planner shareware...all this and more in Wiz Vol 3, r a multimedia lifestyle magazine on CD-Rom. I' 11 of On Sale at. Co««. I Amconics Stop Press
      62 words
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      108 23 B~wVg| WE'RE A BANK OF KNOWLEDGE ON MI9 UNIT TRUSTS T0 LEARN MORE JUST CALL Investing in unit trusts is a good way to diversify your portfolio. And nowhere will you find a greater body of knowledge about them than at Citibank. To find out about our full range of
      108 words
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      Page 23 Advertisements Column 2
      40 23 BUY* SELL* FIND** Classified ads can speed up your search for the right car. No matter what it is, you can always buy it, sell it or find it with the Classified. TOLL FREE 1800-737-1166 Call Today For Results Tomorrow.
      40 words
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      471 24 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF PEARLS EXPORT HOUSE (PRIVATE) LIMITED (In Members' Voluntary Winding Up) At an Extra-Ordinary General Meeting of the members of Pearls Export House (Private) Limited duly convened *nd held at its registered office 77 High Street *06-04
      471 words
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      Page 24 Advertisements Column 2
      582 24 TOLL-FREE TEL. No. 1-800-741-1883 FAX:74M29B IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF PEARLS MANUFACTURER? (PRIVATE) LIMITED (In Members' Voluntary Winding Up) At an Extra-Ordinary General Meeting of the members of Pearls Manufacturers (Private) Limited duly convened and held at its registered office 77
      582 words
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      Page 24 Advertisements Column 3
      383 24 Singapore Closing Share Prices 20/03/1996 CLOSE PREV LOW HIGH till## uss uss uss us* All If# Jardine Matheson 7.50 7.65 7.45 7.75 IfCnnyi Jardine Strategic 3.24 3.30 3.22 3.30 1 wCCOf 1 Dairy Farm 0.03 0.93 0.03 0.935 Hongkong Land 2.24 2.25 2.21 2.25 ■■■pnHjpj Mandarin Oriental 0 1.29 *0
      383 words
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      Page 24 Advertisements Column 4
      176 24 THE COMPANIES ACT, CAP 50 MULTI-PAINTING SYSTEMS PTE LTD (In Members' Voluntary Liquidation) Final Meeting NOTICE IS HEREBY GIVEN pursuant to Section 306 of the Companies Act. Cap. SO that a Final Meeting of the members of the abovenamed Company wil be held at 1 Colombo Court, #08-11. Singapore *****2
      176 words
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  • SHIPPING TIMES
    • Article
      Lock icon DAILY FREIGHT
      286 25 Knight-Ridder Reuter A STRONG performance by the BFI, up 21 points on Tuesday to 1,396 points, was almost entirely accounted for by higher rates for Atlantic Panamaxes, broking sources said. The predicted advances came on the back of sustained chartering demand from grain houses from the US Gulf,
      Knight-Ridder; Reuter  -  286 words
    • Article
      MARITIME STOCKS
      297 25 SES *000 fcM S$ W CWT Distribution 1.59 unch 30 Chuan Hup Holdings ..1.15 O.OI 51 Cotco Invastmant —190 -0.01 39 FELS 8.05 -0.05 44 Fraight Links 0.91 *0.005 83 OB Holdings 1.22 unch 35 Ha* Sun Hup 1.00 unch 327 Hitachi Zosan 1.03 unch 17 IMC HKS.60
      297 words
    • Article
      Demand for new ships to fall slightly in 2000-2005
      376 25  -  Shipbuilding A Shlprepalr '96 Conference Newbnilding orders will total 13(L2m gt for the rest of *****, says speaker By] Rahita Elias [SINGAPORE] Shipbuilders will continue to enjoy strong orderbooks for the rest of this decade, but demand for newbuildings will weaken
      376 words
    • Article
      Lock icon GL-classed ships hit new high in '95
      302 25 Lloyd's List [LONDON] A record volume of newbuilding classification was placed with Germanischer Lloyd (GL) in 1995, fuelled by buoyant containership investment. The incoming work comprised 293 seagoing vessels of an aggregate 2.5 million gross tonnes, which took the yearend total of GL-ascribed
      Lloyd's List  -  302 words
    • Article, Illustration
      Lock icon Challenges facing new head of Cosco Investment
      686 25  -  SHIPSHAPE By Yong Mei Fong COSCO Investment Singapore's new president Lu Hong Fei arrived here a few months ago with a resolution to bring into the company even bigger profits. The company, he adds, will post "more satisfactory" results for last year than
      CHRIS LOH  -  686 words
    • Article
      Lock icon EU support sought for Bremer Vulkan
      181 25 Bloomberg Business News [BOLTENHAGEN, Germany] Bremer Vulkan Verbund AG, which needs European Union approval to get a steady line of credit and avoid insolvency, received support from German Finance Minister Theo Waigel on Tuesday. "We took the opportunity to ask the EU leaders for
      Bloomberg Business News  -  181 words
    • Article
      Lock icon Tribasa offers biggest bid for Mexican terminal
      145 25 Bloomberg Business News [MEXICO CITY] Triturados Basalticos y Derivados SA has offered the largest bid for the 20-year concession to operate the Altamira II maritime terminal, the Mexican government said on Tuesday. The company, a unit of construction firm Grupo Tribasa SA, outbid
      Bloomberg Business News  -  145 words
    • Article, Illustration
      Lock icon Explosive material on cargo ship
      58 25 [HAMBURG] Customs officers going to search the Iranian cargo ship Iran Kolahdooz on Monday at Hamburg port. Explosive material was found aboard the ship as it clocked in Antwerp a few days ago. The explosive was supposed to be shipped to Munich. The quantity and
      AFP  -  58 words
    • Article
      Anera offering flat rate contracts
      202 25 [SINGAPORE] Members of the Asia North America Eastbound Rate (Anera) agreement are offering shippers a flat-rate contract for transporting their cargo from Asia to the US. The lines now charge a single "all-in'* fee that covers ancillary charges and surcharges. The rate, which applies for
      202 words
    • PORTShots
      • Article
        Lock icon HK$6.5b for river terminal project
        93 25 AFX-Asia (HONGKONG! The New World Infrastructure-led consortium bidding for the TuenMun river terminal project will invest HK$6.5 billion (SSB.I billion) in the project, the South China Morning Post quoted managing I director Henry Cheng Kar-shun as saying. The contract for the terminal is expected to
        AFX-Asia  -  93 words
      • Article
        Lock icon Global Ocean to tray container ship
        115 25 Bloomberg Business News [PIRAEUS, Greece] Global Ocean Carriers is exercising its option to buy another container vessel, a sister ship of the ACX Clover, for US$l6 million (5J22.4 million). The Piraeus, Greece-based shipping company said the acquisition is expected to close by March 29,
        Bloomberg Business News  -  115 words
      • Article
        Lock icon Sea Containers sees small 4th qtr profit
        109 25 Reuter [HAMILTON, Bermuda] Sea Containers said on Tuesday it expected to show a small profit for the 1995 fourth quarter but a slight loss in per-share earnings after dividend payments. President James Sherwood said the company would announce detailed 1995 results on April
        Reuter  -  109 words
      • Article
        Lock icon St Lawrence Seaway's '96 opening
        85 25 Reuter [WINNIPEG] The 1996 St Lawrence Seaway shipping season is scheduled to open at 1300 GMT on March 29, the Seaway Authority said. Shipping demand, favourable weather conditions and low ice levels allowed for an earlier opening date, it said. The original opening date had
        Reuter  -  85 words
    • Article, Illustration
      Lock icon Airline shares flying high
      907 26  -  US AXR CARRIERS: DARLINGS OF THE STOCK MARKET Analysts believe the bullish sentiment for American airline shares is likely to continue as profits rise due to an easier economic scenario, lower jet-fuel prices and a more disciplined approach to cost and revenue management By Richard Melville
      Reuter  -  907 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      312 26 PAGE Ethiopian 6 ML II twett 12 ANL 3 tvwgfeen 6 im. 7 Everprime 13 Accord 12 4nWu J J Ahrenkiel 4 gji*" AooensbiD 4 ISrn n FrtWodd 12 Austral n G Link Express 4 Gemartrans 13 Genshpq 4 BiA 11 H f
      312 words
    • Article
      SHIPPING GUIDE
      17197 32 ETA ETA Advertiser Vessel Voyage Pq ETA ETA Advertiser Vtiwl Voyage Pq SIN Dest'n Name Marr-t No. No. SIN Dest'n Nam* Nam# No. No. 23/03 27/03 RCL RATHA BHUM WON B A 24/03 27/03 ACL KOTA BERKAT BKT091 n 24/03 27/03 ACL KOTA BERKAT (LCH) BKT09I n uckj/*
      17,197 words
    • SHIPS IN PORT
      • Article
        CONVENTIONAL WHARVES
        818 39 Vossal _Voy No Barth Arrival Departure M* v* **4 22.03/0700 •"S® 0 2 V* JO* Mo«<p«* 2l0VO*OO H *M< 1/9* J01 uonquo, 20.0VM0 l 4n **N JOt Mompxto 20 03/0*00 JI.K7 77 J01 «M«u** 20 03/1*00 H MM GT« S7 12/* JOt Kemp*. 20 03/2200 IIMJU4 l/N J01
        818 words
      • Article
        CONTAINER SCHEDULES
        1692 39 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Booking/Balance Rstls Ship Voy Ho Jtfc/ttr Period Frot» To From Clow On* 21/1900 U 20/1500 20/1*5* 20/1*00 20/1500 20/119* 20/1*00 U 20/1700 21/0*5* 21/0*00 21 20/1700 21/0*5* 21/0*00 2V0700 21/119* 21/MOO 4 21/1200 2VM5* 21/1700 ~077* 23/1500 ~5 20/1500 20/1*5*
        1,692 words
      • Article
        COCKETT BUNKER MARKET REPORT
        871 39 THIS report, compiled by Cockett Marine Oil Ltd, shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on average-sized stem. Market movements are indicated. The Cockett Bunker Price Index change and the individual
        871 words
      • Article
        GLOBAL HOLIDAY
        399 39 MAR 21 Indonesia: Hindu Quiet Day. Iran: Iranian New Year. South Africa: Human Rights Day. Tunisia: Youth's Day. MAR 22 Iran: Iranian New Year. MAR 23 Iran: Iranian New Year. Pakistan: Pakistan Day. MAR 28 Colombia: St Joseph. Greece: Independence Day/Annunciation. MAR 26 Bangladesh: Independence Day. MAR 27
        399 words
    • AIR&LAND TRANSPORT NEWS
      • Article
        Lock icon Aussie and NZ ministers to meet on aviation issue
        319 40 Talks to start on creating a single trans-Tasman aviation market Reuter {SYDNEY] Australian Prime Minister John Howard said he and New Zealand Prime Minister Jim Bolger had agreed their transport ministers should meet to discuss the issue of a single trans-Tasman
        Reuter  -  319 words
      • Article, Illustration
        Lock icon Dhaka turns to rickshaw-vans
        52 40 [DHAKA] Rickshaw-vans ferrying cartons full of ready-made garments to Dhaka airport yesterday as an opposition-led non-cooperation campaign shut motorised vehicles in the Bangladeshi capital. Hundreds of garment factories, the lifeline to the economy, are facing the prospect of closing down in the wake of the crippling
        REUTER  -  52 words
      • Article
        Lock icon Don't restrict ticketless travel, US urged
        136 40 Bloomberg Business News [WASHINGTON] The Air Transport Association on Tuesday urged the Transportation Department not to adopt stringent consumer-pro-tection regulations on electronic ticketing systems. The group, which represents the major US airlines, was responding to a DOT request two months ago for comment on
        Bloomberg Business News  -  136 words
      • Article
        Lock icon Clinton administration requests US$14.7b for Nasa budget
        334 40 Bloomberg Business News [WASHINGTON] Boeing Co, Rockwell International Corp and Lockheed Martin Corp would receive the lion's share of US$l4.7 billion (5520.7 billion) if Congress approves the iplinton administration's budget request for the National Aeronautics and Space Administration's activities for the coming fiscal
        Bloomberg Business News  -  334 words
      • Article
        Lock icon Bonn wants Airbus Industrie to become limited company
        267 40 Germany plans to stop subsidies for aircraft development NYT [LONDON] The German government on Tuesday warned it would grant no further subsidies for the development of Airbus aircraft unless the Airbus Industrie manufacturing Consortium was turned into a limited company. Norbert Lammert,
        NYT  -  267 words
      • Article
        Lock icon LA rail link offered US$400m federal loan
        251 40 NYT [LOS ANGELES] Work on carving a high-speed rail connection through the heart of Los Angeles is expected to start this year following the Clinton administration's offer yesterday of a US$4OO million (***** million) preferential loan towards the US$l.B billion project. The Alameda
        NYT  -  251 words
      • Article
        Lock icon Toyota's Aussie arm snares new Gulf orders
        243 40 AFP [MELBOURNE] An Australian version of the popular Toyota Camry is set to become Australia's biggest automotive export product as orders from Gulf states double to 20,000 next year, the car giant said here yesterday. The latest orders were announced as Toyota Motor
        AFP  -  243 words
      • Article
        Lock icon GM strike spreads to new sectors, may hit economy
        315 40 US economic growth may slow to a near halt in first quarter Reuter [DETROIT] The 15-day-old strike that has essentially shut down General Motors Corp's North American operations is spreading into other businesses and could grind US economic growth to a
        Reuter  -  315 words
      • LOGBook
        • Article
          Lock icon First hotel signed up for new HK airport
          78 40 AFP [HONGKONG] Hongkong's Airport Authority yesterday signed agreements with Regal Hotels International to provide the first hotel at the new airport at Chep Lap Kok. The conditions of the agreement for the 600-room four-star hotel include a 25-year hotel operating sub-lease and
          AFP  -  78 words
        • Article
          Lock icon UK privatises first train engeneering firm
          79 40 Reuter [LONDON] The British government on Tuesday announced the privatisation of the first of British Rail's three train engineering service companies. John Watts, railways minister, said in a statement the company, called The Engineering Link, had been sold to its management team. No financial
          Reuter  -  79 words
        • Article
          Lock icon SEAT reduces losses
          61 40 Bloomberg Business News [MADRID] Volkswagen's Spanish unit SEAT said itcut 1996 losses to 11.286 billion pesetas (*****.3 million), from 29.473 billion pesetas the year before. A statement from SEAT yesterday said the narrowing of the loss "reflects the positive influence of the aid from the central government,
          Bloomberg Business News  -  61 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1572 40 CITY FLIGHT ETA FLIGHT ETD S0171 1450 VN740 1410 AhuDhaM S0441 1550 VN743 1925 Adalalda 0F81 1930 Of82 2050 M# "l UA805 0105 UA806 0815 S0228 2045 S0001 1140 CX710 0840 Amsterdam RL843 0545 KL838 2335 £5 *1315 "2S 52 2355 °Z5 St aS Sm U
        1,572 words
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      Page 26 Advertisements Column 1
      1446 26 I OTHER DESTINATIONS 1 I NORTH AMERICA I D«ttCTCAU.TOWOT6o*«TBCX) 1 WIST COAST OF CCWTRAi. AMgTOCA (MAftQARTTA SERVICE) ~j BMOAPOM CAUTOBMA tXPMM (DtBtCT fflOM WMT COAWI I KB* vot raw now u w n M M mOK m |*w»arr [vnsa Iyot] m |n.QuriAt]MiM>ilMßU¥wnM>|»Touculu iowcolKAjmit[mjMann|*v»<o| flyft iff) SjMM 1 "fSHT* WW M
      1,446 words
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      Page 26 Advertisements Column 2
      191 26 «D Lines services represented by Members ol t» Registry of Accredited Shipping Agents. 5-pofs National Shipping Assoc •^tru ShipwngTimesOnline Just talk to us... •IrisLim 740-2044 Patricia Chew 740-1645 Jarrod Leong 740-2089 Philip Koh 740-2382 «J" 11 J»TmTJ BUFFALO 22/03 30AX3 RdnVAtw/Bmn/UK I Loads E/W. Malaysia. Indonssla JSAMM FRONTIER DubaVDanvnan/BtfvafcVlMWKuwaß I
      191 words
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      Page 26 Advertisements Column 3
      7 26 Members o< the Singapore Freight Forwarders Association.
      7 words
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      Page 27 Advertisements Column 1
      1229 27 PAQFK SOUTH WIST EXPRESS (DIRECT) vgsa Ivor na Iswn* Iswno I iax Ipm I «h» |o* wrc a hou mm *UOKA QQg 11/W 20/83 20/03 OS/M 09/ M 10/04 H/04 11/04 11/14 12/04 12/04 12/ M mwimi 0031 25/03 27/03 a/03 12/04 16/ M 16/ M 17/04 10/ M 11/04
      1,229 words
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      Page 27 Advertisements Column 2
      2533 27 I HANJIN SHIPPING USA CANADA* PANAMA# li*nam/vot mm su m \~m cm [~~in ["IS |~Si kk *k 00 m m m yyc yb <5 flic [~m NOMUNBOHI M/M »/M U/M 10/ M 11/ M 11/ M 31/04 22/ M 21/ M 22/ M ~22/04 22/04 21/04 23/04 n/oT "20/M~ M/M"
      2,533 words
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      Page 28 Advertisements Column 1
      620 28 ttssa voy ham rm ant lma ston pkoang sin HKG KAO TYO SHI KM MAC IUCWCIWaBWBS mT~n?T 1/3 2/3 21/3 ?V3 tt/3 4/4 31/3 1/4 2/4 WHStBWB Q4CT 2/3 »/2 t/3 5/3 24/3 1/4 ASM WIS OtEK 2V2 21/2 3/3 24/3 H/3 2V3 IWtfMOOO MaiO <1/3 1/3 V 3 W/3
      620 words
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      Page 28 Advertisements Column 2
      1145 28 NORASIAH I VESSEL VOY ISM I ALQ LAS BCL VALHAM MEROT ANT FELLHA SLPWOC IIIW 22*3 10,04 00*4 13*4 1404 1104 14*4 IVO4 11*4 11*4 11*4 SI VALUE II2W 77*3 11*4 15*4 24*4 21*4 2ft*4 21*4 22*4 23*4 23*4 23*4 SLMCTUTM II3W 03*4 23*4 22*4 27*4 21*4 27*4 21*4 WH
      1,145 words
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      Page 28 Advertisements Column 3
      652 28 JAPAN/HONGKONG/STRAITS REGULAR SERVICE LOADING FOR PORT KLANG/PENANG mstl VOY S'FOWE PSUOAMC PK6 FEN SHIKISWMANO 13 I <10 111 POUT MURNI MTU 3 24 MAW 25 MAW MIW swEtwrm i mmaw aim MOT lARU J ?7 MAW 28 MAW CHUN KUAN 17 2> MAW 34 MAW tIUHI STELLA AN6EL i IS
      652 words
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      Page 29 Advertisements Column 1
      1051 29 Imrm STRAITS SHIPPING PTE LTD ■K II Km Chlaai Raaß #11-01 Kappal Towers JHLmV Siaiapore 0208 Tel: *****80 Fax: *****17 ■mffmffffiFHWTiyyyffTyiWTWTyniTffiH mw mnnBi rannp i wr Singapore fSWEp (A SERVICE OF CHINA NAVIGATION CO) STMITCHOK MM7E SMvSMv Maara AKM KMaMa. ..■■■■.'■■m■ ■'■i imnUTM i —M CARAKAJNM-22 VMOSE 23 M 24
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      1464 29 itfillL R&O Limited i CS ?J? J™ jyiy 10 Hoc Chiang Road, #07-01 Kcppel Towers, Singapore 0208 First Class Connections WORLDWIDE Tefc 225 2233 Te,ex: RS ***** pnocsp Fac 225 5327/222 7517 CR Number **********01 M EXPORT IMPORT 1 yffffi VOV *PKO ttN "1 SOU ANT HOT HAM OOT im
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      441 29 OWIQUMD m m JOH m _Jfi_ _M l J£L 91 SB Hi JHL H Ml HI IE SL _BL mmam .ssljmljmljml g&wja* j&sl _ml nm nm nm _aSL _ML JI4L _ftJL J&SL JMK _H4t JUL m hmth/W4 h# a# p# iw m« iw w# \im n# ggi iy» 14# nm
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      1196 30 EWIOPE/UK/SCAWDtmviA/RWIA>iD/RUSBIA MP MM «m HN W UN LHV TNT ROM ANW HI6 PHI SSP E. RACER MHN 23/3 lift 13/4 14/4 11/4 17/4 E. SIFTED HI 29/2 21/2 17/7 21/2 1/3 25/3 27/3 E. RESULT RW-M7 M/ 3 11/4 20/4 21/4 23/4 24ft E. GUARD RE-175 3/3 1/3 3/3 7/3
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      972 30 latasi vnsa VOTAM MP OM AW MM MM «WT Ml YISSA VOTAM DM AM MM UN SGP UNCOKOtD DM-037* WO V/M till «/M IVW 11/ M 11/* IM OMMtt OJKWIK M/D3 I J/03 M/B3 UK(oK*tt WISO7W OVO4 14/04 15/04 14/04 17/04 10/04 l|/04 IM OtOWN *****W 71/W H/OJ 74/01 75/03
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      627 30 gMCHHELD MAMNE AOENCKS PTE LTD TEL: *****33 (12 UNEB) FAX: *****18/*****03 TELEX: R0 ***** MOMP (3 Unaa) CA NO: **********0E [listi ETMOftJUI SIIIPFM UMES X (Nalwl I fcwi of Elhhpla) ACCEPTING FCL AMD CONVENTIONAL Vojr Fa" I Uwdbifltor Sppf *t>yo< 43W8 iM4 Abbey Woru 46W8 20/06 H MEN HUNG LINE
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      1553 31 FIXED-DAY DIRECT SAILINGS TO HAIFA 14 DAYS MEW YORK 28 DAYS Umttfrt I Sittrtl AftMt: Til (Gmrtl):2MlM* A#»»cr o«*f Ofrmn C—ttmn *Ztt7M JOHOni OFFICt COSTAR SHIPPING PTE LTD f Cmmr *mui/t*i/u*u7 Cf»t-r t* -M. </«*; (mmmmi </«/« COSTAR AGENCIES (Ml SDN BHO ittMMNrmN Ttitiiw cotmr c*»n»iitur ttntu o/o *m?u urnsutiunt?
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      Page 31 Advertisements Column 2
      631 31 BKAPAL KRIS Shipping Pte Ltd 7M DUXTOH ROAD, S'PORE M 9529 M: *****76 Fuc *****77 Q HQ. **********0G SYARIKAT PERKAPALAN KRIS SENDIRIAN BERHAD 309-409 MOCK GIOMAC WSINESS CENTRE. 10 MUN SS 6/1, KEUNA JAY*. P.O. MX M2I ***** PEUUNG JAYA SEUNGOIL TEL *****77/78/79 FUb 704(007 IEU* «U ***** REGULAR CONTAINER
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      493 31 rig FAMOUS CONTAINER UNES 80 ROBINSON ROAD, #22-02 SINGAPORE *****8 HOT LINE: *****33 (30 UNES) I DAILY SAILING t\ I J fr TO HONGtJIONG t ATTRACTIVE RATES! J CALL FAMOUS FREIGHT FOR BOOKING SYLVIA KANG IVY *****33 'ft J 51 P. KLANG PH: 0203/*****02 (10 UNES) PENANG PH: 0204/*****7 (10
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      747 35 M MYANMA iflßßk FIVE STAR UNE (Myonaior National llao) loodiof for Yoogoo (Roajoon) WSEI VOT SIM KG PHI POI MAWIAJHTIW JTM IN PT MTHBN IMW J3/0J MALAYSIA AGENTS: OOUSTIAD SMPTING AGE NOES SUL 111 02-03-*****00 TtL TU 02-03-*****01 «fc TH 02-04-*****02 K0; Til 07-07-*****21/4 BANK LINE (A »ervk* oI Ae*»w
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      Page 35 Advertisements Column 2
      1141 35 ADVANCE CONTAINER LINES (PTE) LTD AB* I 140 CacK Street #12-00, PIL Building, Stngaporv *****0 M W Li TEL: *****21, FAX *****19, TELEX :RS ***** ACLPL CR NO. **********0E |AWfIKOK JAKAATA VESSEL VOY BKK 3K VHML VOT I JCT I 9W IHAL** 901 23/03 Sd 26/03 U 30/03 S« KOUSAOAS
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      890 35 **********02 VESSELS VOY SX DAMgTTA LE HAVRE HAMBURG [THAMESPORT ROTTCTDAM ANTV»B¥> VIXE 0C CAPELLA TI4W 27/03 06/04 16/04 17/04 19/04 2CVO4 Vt_LEOE LIBRA LI4W MM IVO4 ZVM MM 2U4 27/04 2fto4 VILLE D'AOLNLA AI4W 06*04 22AM 3CKM 01/06 03/06 04/06 o*o6 VILLfOECARUA CI4W 28/04 07/06 OS/06 10/06 VVW ALSO ACCEPTING
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      971 36 MBSSitLMUlMttJlfflllffll VW 5n jkt vessel voy «n pw T M ISRABHUM 144SS a 1 22/03 sun 24AU BHATRA BHUM <361 Thu Im Pt "5TT55~ M YtMtL 25 555 OURU BHUM 1488 Sat 23AJ3 "TTiM BJiAS OUA <063 tun 24/03 Tu. 26/03 YANTRA BHUM 12BN Thu In Pt Sun 24/03 f
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      113 36 II JJI.IMU.iI J J H THJK MJWSAH MMO NHt CmPONT Cam*. STOW MM TEL *****11 (6 lints) FAX: *****05 TLX: RS ***** CT MO. **********0W von. at n etd ofrwnoH ■mum mm n«M tmm xjhtok ■MUM RM MM MM SST MMR n5 nw MMM F*L MUWFWBMW6 UMMU IVM MM MM
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      565 36 11 OUXTON HILL, SINGAPORE *****9 CR **********0N PORT KLANG PENANG wr m m. Bvcsa vot si m *a*ußi wii IVMIUI 71/ioiHi u SBSM jjgi nmm a*3« w i\mm> nmm tan ntem Kttsm MWHW ftflf mil Oft SITISKM MO 14 M/USM T7/WW an m»w Maww IMM ~MB ~PfriW B/WW *VWi« 11S5S
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      180 36 *****0 NEHSONS BUILDING 24 PGCX SEAH STREET book»wenouwum GAPoßE crno. iii,„, ninnoini TEL: 323 1133 FAX: 331 4063/83/83 vesa vct sain sunt bbwoion avsuuyi v* ma vm m/numm ii v* «/n vm ramMK/sn WMMB 7/* 21/03 Jt/B HKUMMMC umsiw vh ivn urn mma/mme m l/H 2MB 30/03 MH» SURMA VH
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      746 37 Km f f SINO EXPRESS SHIPPINO (PTE) LTD. M M I 11 COLLYER QUAY *06-01 THE ARCADE SINGAPORE 0104. TEL: *****90 (4 LINES) FAX: *****98 TLX: R*****1 SINOEX SINOTRANS SHAWQHAI CONTAINER SERVICE) SIN/HKQ/SHAI SPORE HKO BMAJ VESSEL VQY ETA ETP ETA ETP ETA ETD JtN FU 9601/9602 ***** 23/03 28/03
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      Page 37 Advertisements Column 2
      506 37 m. AM MN UUNTAINcH LINES, INC Agents: MAC-MELS SPORE: *****22 (24 UNES) KUCH4NG: (082) *****3 I [\VV«* I cm NO. **********0« SOU: (064) *****9 MAfALA: (632) *****81 V v PB4ANQ: (04) *****6 BANGKOK: (662) *****67 SURABAYA: (31) *****0 P KELANQ: (03) *****77 JKT: (21) *****07 MOW: (81) *****3 BANDUNQ: (22)
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      Page 37 Advertisements Column 3
      218 37 ATTRACTIVE FCL/LCL RATES TO: Indian Sub-Continent Ports MADRAS/BOMBAY/ CALCUTTA COLOMBO CHITTAGONG/ NHAVA SHEVA mßf I 3 WENDER CONTAINER LINES ENQUIRIES BOOKINGS CALL TEL: 224 6744 Astro Shipping Pte Ltd WEEKLY CONSOLIDATION SERVICE 1 SHANGHAI 27/03,03/04 1 r*S^^27Mo3/0M I* Also occtpfag Is oAor ifajjaoticuM in Qmm vio Hongkong TEL 220-6045 (12
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      444 38 Shippingtimes BUSINESSCENTRE ADVERTISING THAT DELIVERS YOUR BUSINESS FACTS THROUGH THE FAX JUST CALL 740-6000 DocumwitCode Rl sk V 8006 1 vStHOITT C? 1 W OBtlG^ 1 essential 9 involves hte to appty Business I Know Yoor -csgsess— a e 1996 1996 r Sign Up Now. J flow*'" ee et CtS
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      Page 38 Advertisements Column 2
      358 38 J TEAMWORK Is when everyone goal. A quality which has been The Total Transportation People embraced by all at Visa Freight Transportation transportation needs In our hands and join the winners' circle. ESTABUSHED SMCC >M 4 VISA FREIGHT SERVICES PIE LTD JSEZSf,~ 10AnsonRd#2009InternationalPtazaSngopore o799o3 V/ICA roc^rr Tel: 65-*****66 Fax:6s-*****86 Telex:
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      125 39 LEGEND: R Thunderstorm Temperature •<, A, V SKow«r Weother Wind dvectioo with speed in knots Ro»> V_/ Cloudy Sky Wov# h h Serfoco winds or* indicoted by arrows wWh Hy with the wind Cl/ >r circle represents calm or light and variable winds On# half Heche represents 5 knots L-►
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      28 40 On deck or in hull transport of 30M Luxury Motor Yacht from Singapore to Eastern Mediterranean, approximately 130 tons, height: 12M, Beam: 7.4 M. TEL: 9 729 7604
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