The Business Times, 11 February 1997

Total Pages: 30
1 30 The Business Times
  • 13 1 THE BUSINESS TIMES MITA (P) 023/12/96 Internet: http://www.asial.com.sg/biztimes SINGAPORE TUESDAY, FEBRUARY 11,1997 85c
    13 words
  • 44 1 BTOfli MOIETIMHCBS Monday Change KLSE COUP (toed NIKKEI 18,***** >314.13 HANOSENG -liM SCT INDEX 7X133 -1053 JAKARTA COUP ckm* HAMLACOMP M86.02 >4.18 TAIPEI WP! ,r«mN SEOUL COMP 709.71. >W7 TL8A CHINA B tkmd ALWA1J.ORD 2.4444 -0.3 Ipnt Chaagc DOW Jttmm 454 SIP-"
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  • 75 1 HCHAMEE BATES us$ ss IBS 1-413 1 1.640 1316 Ml 0.606 0.856 YKN 100 0.808 1.142 MS 0.401 0i67 HKS 0120 0.182 BAHT 0.038 0.064 RL'PIAI! 100 0.042 0.069 FUME BATES SINGAPORE* 144 KUALA LUMPUR. .9.25 JAKARTA law BANGKOK 1125 MANILA 115« HONGKONG MM TAIPEI 1.25 SYDNEY IN TOKYO
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  • 515 1  -  But prime ground floor rents are expected to hold steady By* Ang Wan May [SINGAPORE] Rents for prime Orchard Road retail space are set to hold steady for another year despite the protracted weakness in the retail market, although most property
    515 words
  • 203 1 [KUALA LUMPUR] The Kuala Lumpur Stock Exchange is seeking to link its scripless trading and settlement system with foreign share depositories in a move to encourage foreign interest in Malaysian stocks, the Star newspaper reported yesterday. If the system takes off, foreign investors who
    203 words
  • 523 1  -  By^ Genevieve Cua [SINGAPORE] Hold that call to the handphone shop. If you're thinking of buying a handphone, it's best to wait at least for a few more weeks. Sources say major manufacturers like Ericsson are gearing up to launch new, smaller and
    ERIC CHU  -  523 words
  • 38 1 [SINGAPORE) No one likes to see a carnival end. Least ofall these youngsters at the last day ofthe Chinatownfair yesterday who gave their all in one last spin on a thrill ride. ERIC CHU
    ERIC CHU  -  38 words
  • 290 1  -  Market may soon test G-7s resolve to stop dollar's rises dealers FYom, Anthony Rowley in Tokyo THE US dollar showed little sign of beating a retreat against the yen yesterday as a result of the declaration by the Group of Seven finance ministers
    Source: Bloomberg  -  290 words
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  • SINGAPORE AT HOME & ABROAD
    • 545 2  -  STA subsidiary wins right to operate ground services at new HK airport By Ven Sreenivasan HONGKONG'S economy will continue to be buoyant after it reverts to China in July provided China continues to prosper, Senior Minister Lee Kuan Yew said yesterday. Speaking
      WONG KWAI CHOW/ST  -  545 words
    • 551 2  -  COMPANY VISIT Renolith Resources Company negotiating for USsBb worth of toQ road projects in ami (Infra By' Toh Han Shih A SINGAPORE company is eyeing contracts for thousands of kilometres of roads in China, Indonesia and Latin America, with a road-building technology that saves 20
      551 words
    • 248 2 The Straits Times SINGAPORE'S economy will improve over last year as America's economy is now on an upward trend while Europe's will do marginally better this year. Giving his view of Singapore's economic prospects, Senior Minister Lee Kuan Yew noted that Japan's growth
      The Straits Times  -  248 words
    • 394 2  -  EYE ON THE ECONOMY Finance By\ Shiv Taneja GROWTH in M 2, the chief measure of money supply, saw a slight uptick in November last year, following a steady decline since July. Latest figures from the Monetary Authority of Singapore (MAS) show M 2
      Source: MAS  -  394 words
    • 378 2  -  Good prospects seen in specialty areas, personal products By I Soh Tiang Keng SINGAPORE'S general insurance industry will go through a "placid" phase this year with slower premium growth and increasing loss ratios. In its latest issue, the Asia Insurance Review notes that
      FILE PHOTO  -  378 words
    • 238 2 THE wage levels of sales assistants and cashiers which have been rising by 5-10 per cent a year are expected to go up farther in the next three years with the potential influx of about 4.2 million sq ft of retail space. The
      238 words
  • Page 2 Advertisements
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      92 words

  • REGION
    • 450 3 BANGKOK Amnnay says currency will weaken further if US dollar continnes to rise AFP Reuter THAI Finance Minister Amnuay Viravan said yesterday that the weakness of the baht may require that the Bank of Thailand adjust the basket of currencies against which the
      AFP; Reuter  -  450 words
    • 282 3 BANGKOK New roles drafted on setting np of property mutual finds AFX—Asia THAI Finance Minister Amnuay Viravan said yesterday the government's property rescue plan was ready to start operation. Mr Amnuay was speaking after a meeting to review plans with representatives
      AFX—Asia  -  282 words
    • 240 3 MANILA AFP PRESIDENT Fidel Ramos yesterday urged Malaysians to maintain their investments in the Philippines despite an adverse court ruling last week that triggered a cautious reaction in Kuala Lumpur. The Philippine Supreme Court on Feb 3 declared void the sale
      AFP  -  240 words
    • 154 3 BANGKOK DPA A THAI steel manufacturer has won a concession to build more than 1,200 km of railway track in neighbouring Laos that could eventually link Thailand to China, a company source said yesterday. Vichit Poonawat, managing director of Pacific Transportation, said
      DPA  -  154 words
    • Article, Illustration
      68 3 [MANILA] A Filipino worker banding together iron rods to be used in a support beam for an overhead light rail line being built in the Philippine capital. The 16.8-km long rail system will cost US$65O million (SS9IO million) and is expected to be operational by September 1998. The
      REUTER  -  68 words
    • 105 3 BANGKOK AFX-Asia THAILAND is expected to submit an offer to the World Trade Organisation later this week proposing that foreign interests be allowed to hold up to a 20 per cent stake in international telephone, telex, facsimile and telegraph services, the Bangkok Post reported. The
      AFX-Asia  -  105 words
    • 291 4 SEOUL AFP NORTH Korean leader Kim Jong H yesterday named four new generals, including a known confidante, in promotions seen by outside observers as a bid to clear the way for his formal rise to power. The reshuffle came as adulation
      AFP  -  291 words
    • 77 4 [BEIJING] A mother and daughter checking their lottery tickets to see if they've won one of the many prizes, including flats and a fleet of motorcars, last Saturday. China is encouraging its population of more than 1.2 billion people to buy more lottery tickets,
      AFP  -  77 words
    • 527 4  -  BRUSSELS Countries to lose benefits in sectors where they are 'very competitive' By\ Shada Islam ASIA'S top trading nations are bracing themselves for a diplomatic offensive to stave off the loss of trading privileges as officials from
      527 words
    • 273 4 HONGKONG AFP Reuter HONGKONG's future leader Tung Chee Hwa yesterday hinted that he will reappoint all current members of local councils, including democrats, after the handover of power to China on July 1. "I think the objective is to appoint
      AFP; Reuter  -  273 words
    • 455 4  -  TAIPEI Measures may overheat economy, raise inflation rate By\ Brace Cheesman IN A sign of a recovery after a two-year downturn, a top government think-tank has called for the suspension of a package of measures introduced in 1995 to revive a then sagging economy.
      Source: Bloomberg  -  455 words
    • 333 4 TOKYO Reuter JAPAN'S huge trade surplus continued its long slide in 1996, falling more than a quarter from the previous year, government data showed yesterday, but economists said a sharply lower yen may soon change the trend. The government said the
      Reuter  -  333 words
    • 405 4 mSEOUL One of them isa close associate of President Cm Reuter Bloomberg Business News SOUTH Korean prosecutors summoned three politicians, including a close associate of President Kim Young Sam, for questioning yesterday over huge loans to the failed Hanbo Steel Co, a prosecution official said.
      Reuter; Bloomberg Business News  -  405 words
    • 380 4 BOMBAY AFP INDIA'S central bank yesterday said it was worried about a slowdown in industrial growth, export growth and the rate of savings in the country in the year to March 1997. "Economic developments during 1996-97 have raised concerns. These relate to slow-
      AFP  -  380 words
    • 127 4 HONGKONG AFP MORE than 10 people have been kUled and 100 others injured in riots involving Muslim separatists that erupted in China's north-western region of Xinjiang, said a report. The riots broke out when more than 1,000 ethnic Uighur youths in Yining, some
      AFP  -  127 words
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  • Page 4 Advertisements
    • 35 4 Sole distributor for Singapore, Malaysia and Brunei: j— SIBER HEGNER (S.E.A.) PTE LTD GgfO Block 209 Henderson Road Unit 4, Henderson Industrial Park. Singapore *****1 v II Tel: (65) 274 1222 Pax: (65) 274 2777
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  • THE WORLD
    • 462 6 LONDON Fall in output prices to 10-year low may help govt avoid raising interest rates Reuter IN A report that is likely to allow the government to leave interest rates unchanged, official figures released yesterday showed that British inflationary pressures eased off sharply
      Reuter  -  462 words
    • 289 6 BASEL, Switzerland Bundesbank chief says 6-10 will keep tabs on exchange rates NYT THE Group of 10 central bank governors think currency markets reacted "appropriately" to comments made by finance officials from the Group of Seven leading industrialised nations in
      NYT  -  289 words
    • 30 6 [STOCKHOLM] Highlighted by the sun, an unidentified skier made his way through the portals of Stockholm's Olympic stadium during Saturday's ski gala on artificial snow. AFP
      AFP  -  30 words
    • 276 6 NEW YORK He says Clinton was at talks where illegal loan was discussed Reuter JAMES McDougal, US President Bill Clinton's former partner in the failed Whitewater real estate venture, has changed his story in a bid to avoid jail and told prosecutors Mr Clinton
      Reuter  -  276 words
    • 246 6 U PARIS AFP Bloomberg Business News GERMAN Chancellor Helmut Kohl has rejected French suggestions that the future European Union central bank should be submitted to political control, adding that the matter should not even be discussed. French President Jacques Chirac and Prime Minister
      AFP; Bloomberg Business News  -  246 words
  • Page 6 Advertisements
    • 492 6 BUSINESS Notices I() \I)\i;KTI S i; C I I I()|.|.- K I I INOO 7 4 I IS S 3 IN THE MATTER OF THE COMPANIES ACT, CAP. 5# AND IN THE MATTER OF KIM SAN SAWMILL CO PTE LTD NOTICE OF SPECIAL RESOLUTION (PURSUANTTO SECTION 2M(INb) At an Extra-Ordinary
      492 words
    • 663 6 IN THE MATTER OF THE COMPANIES ACT, CAP. AND IN THE MATTER OF TARGET TRANSPORT A TRADING PTE LTD NOTICE OF SPECIAL RESOLUTION (PURSUANT TO SECTION 2M(IMb) At an Extra-Ordinary General Meeting of the Company held at 203 A Lavender Street, Singapore *****3 on 3 February 1997 at 3.00pm the
      663 words
    • 28 6 For real-time stock information, call Quickstock on 1900-913-0003 at 30 cents a minute. Stock numbers are available in the stock pages of The Business Times and Lianhe Zaobao.
      28 words

  • COMPANIES & MARKETS
    • 423 7  -  Smaller China players may opt for HE bnt bigger groups likely to pick S'pore From Bruce Cheesman in Taipei SINGAPORE and Hongkong are locked in fierce competition to woo a growing number of Taiwanese companies seeking listings on foreign stock exchanges. Asia's
      423 words
    • 304 7 It denies plans to sell the business; hopes to break even in 3 yrs (KUALA LUMPUR] Malaysian cellular telephone operator Binariang Sdn Bhd is conducting the due-diligence study ahead of an initial public offering but has not made a
      304 words
    • 131 7 Reuter [HONGKONG] Hongkong Telecommunications Ltd yesterday said it will launch its interactive television services in October and expects to invest about HK$2 billion (***** million) in the project over the coming two years. The firm has already invested HK$4OO million in de- veloping the
      Reuter  -  131 words
    • 832 7  -  HOCK LOCK SIEW Bruce Cheesman THE Acer Group, Taipei's most prominent computer and semiconductor manufacturer, hopes to reverse a string of disastrous flops in the US with its takeover of the notebook division of Texas Instruments (TI). But for
      832 words
    • 346 7 Bloom berg Business News [MANILA] Philippine Long Distance Telephone Co, faced with growing competition and declining international call rates, yesterday said it will cut its workforce by a tenth to pare costs. This is the 69-year-old company's biggest staff cut since
      Bloom berg Business News; FILE PHOTO  -  346 words
    • 165 7 AFP [BANGKOK] Thailand's Securities One pic yesterday confirmed it planned to sell its 70 per cent stake in Hongkong brokerage Asia Equity Holdings Ltd to Banque Paribas SA of France. In a statement to the Stock Exchange of Thailand (SET), Securities
      AFP  -  165 words
    • REGIONAL/INTERNATIONAL COMPANIES
      • 489 8 But sharp rise in jet fnel prices eats into airline's operating profit Reuter Bloomberg Business News [LONDON] British Airways pic yesterday announced record profits which it said were boosted by increased traffic and cost-cutting, but a sharp rise in jet fuel prices hit
        Reuter; Bloomberg Business News  -  489 words
      • 54 8 [CALCUTTA] Orphans from several homes administered by the Missionaries of Charity religious order and other charities being greeted by a life-sized puppet tiger at Calcutta Airport on Sunday. British Airways laid on an 80-minute flight on a Boeing 747 jumbo jet over and around Calcutta for some
        REUTER  -  54 words
      • 224 8 Reuter [LONDON] Privately-held car rental company Avis Europe pic said yesterday it is to float on the London Stock Exchange in a move which will raise £250 million (Sss7B million) of new money. Part of the proceeds will be used to repurchase General Motors
        Reuter  -  224 words
      • 378 8 Bat losses in Canada, China skim some of its profit Reuter (MELBOURNE) Australia's Foster's Brewing Group Ltd toasted local beer drinkers yesterday for a strong rise in pre-tax earnings, but losses in Canada and China took some fizz out of the half-year
        Reuter  -  378 words
      • 379 8 Bloomberg Business News [SYDNEY] The controlling shareholders in Optus Vision, an Australian cable television company, have made conditional offers to sell their stakes to Seven Network Ltd at prices well above a valuation commissioned by Seven in the latest twist
        Bloomberg Business News  -  379 words
      • 412 8 FT [NEW YORK] It's enough to make the brewers cry into their beer. The US beer market is suffering from a shortage of drinkers. Worse, "alternative" beers and imports are attacking the big brewers' market share. Last week a
        FT  -  412 words
      • 284 8 Shareholders well served by company policies, says CEO Bloomberg Business News [MUNICH] Siemens AG, the electronics and power products group, has no plans for radical layoffs to please those who believe the company is not doing enough to cut costs.
        Bloomberg Business News  -  284 words
      • 296 8 FT [PARIS] Havas, the French communications group, has no plans to lift its stake in Canal Plus, the pay television company, above 40 per cent, but will fully consolidate the business in its accounts. Pierre Dauzier, Havas chairman, indicated on Sunday that he was willing
        FT  -  296 words
    • FINANCE & COMMODITIES
      • 487 9 Dean Witter, Morgan Stanley merger said to be a call to arms Reuter [NEW YORK] The financial seivices industry is heading for a global realignment that is likely to accelerate after the recent stunning news of the merger of Dean Witter Discover Co
        Reuter  -  487 words
      • 326 9 Weodside consortium granted licence for Aslb venture AFP [SYDNEY] The Australian government gave the go-ahead jfesterday for a Asl billion (ssl.l billion) oil development project in the Timor Sea. The government granted a licence to Woodside Petroleum Ltd to develop, along with
        AFP  -  326 words
      • 292 9 Bloomberg Business News [LONDON] Britain's six largest banks are expected to report in the next three weeks double-digit pre-tax profit due to a recovering mortgage market economic growth in Asia and a steady UK economy. Analysts said the six banks which have a market
        Bloomberg Business News  -  292 words
      • 74 9 [MAINZ, Germany] Spectators looking at a figure of German Chancellor Helmut Kohl clinging to a giant Euro coin in Mainz on Sunday. The display was part of a carnival parade yesterday, the Monday preceding Ash Wednesday. Carnival in Germany has its roots in pagan ceremonies,
        AFP  -  74 words
      • 311 9 Investment banking boom leads to stiff competition for staff FT [LONDON) Competition among investment banks for teams of traders in the City of London has become so intense that some banks have hired private investigators to spy on employees whom they believe
        FT  -  311 words
      • 115 9 Bridge News [NEW YORK] HSBC Holdings pic and Wachovia Corp yesterday announced the formation of an alliance to market corporate financial services globally. The alliance will focus on the joint marketing of trade finance, cash management and corporate banking services. As part of the alliance,
        Bridge News  -  115 words
    • 1845 10 81 COM FUTURES Feb 5 RU88ER (Mm closing at SJ0f«) RSS t CONTRACTS cmtjAfl) CtOM Volume OpM Month M«fc Low Sott (tonnes) Intorost Mar 97 17L50 ***** 171.75 250 1525 Apr 97 174.00 ***** 173.75 200 1200 May 97 175.75 175.75 174.75 100 1350 Jun 97 176.25 176.25
      1,845 words
    • 2409 10 LONDON Industrials F«*K) h«l *h ABPoftlZZZ 311 3 Abbey National 779 7.600 Allied Domeco 415 -2.400 Amec K>3 *.600 Asda Croup 115.600 .600 BAT Ind 514.400 4.200 BICC 279 -1 BOC Croup 942.400 6.200 BR Petroleum 721 -16.600 6TR 251 -.400 Bank of Scotland 353.400 -7.600 Barclays
      2,409 words
    • 1650 10 AFX-Asia HNikka22s ****** STOCKS closed higher yesterday as the yen's weakness against the dollar eased worries that a rebound in the yen after the weekend Group of Seven (G-7) meeting might pull down major export-oriented issues, brokers said. Such issues have recently acted as a prop for the market.
      AFX-Asia  -  1,650 words
    • Article, Illustration
      1636 11 AFX-Asia Q Hang Seng -***** SHARE prices closed slightly lower yesterday amid profittaking in properties, despite opening 200 points higher. Dealers said volume has not yet picked up after the Chinese New Year holidays as many people were still away. The Hang Seng Index lost 16.96 points at 13,643.54,
      AFX-Asia  -  1,636 words
    • Article, Illustration
      804 11 AFP Q SET Index -1053 STOCKS dropped 1.4 per cent to hit a 56-month low in thin trading yesterday amid concern over the weak baht and tight liquidity, analysts said. "Despite the end of Chinese New Year, liquidity is still tight and investors are still worried about the weak
      AFP  -  804 words
    • 338 11 AFP Q Manila +418 SHARE prices closed higher yesterday as the market entered a consolidation phase. Brokers said the market was forming a base after hitting record highs recently. The PSE Composite Index rose 4.18 points to 3,386.02. Turnover was 33.1 billion shares worth 2.6 billion pesos. PLDT gained
      AFP  -  338 words
    • 395 11 AFP yifamporitc Intel +9.57 STOCKS closed higher yesterday with dealers reporting ample liquidity in the market. "Investor sentiment has stabilised with the government pledging not to tighten money control," a dealer said. The Composite Index rose 9.57 points to 709.79. Turnover was 29.3 million shares worth 513.3 billion won.
      AFP  -  395 words
    • 610 11 AFP PAD Primaries -03 SHARES closed barely lower yesterday after profit-takers moved in to counter the positive impact of a rising Wall Street, brokers said. The All Ordinaries Index closed 0.3 point weaker at 2,446.4. Turnover was 365.8 million shares valued at A 5661.7 million. BHP fell 13 cents
      AFP  -  610 words
    • 260 11 Bloomberg Business News rl Wellington *L>9 SHARES closed slightly higher yesterday amid expectations that earnings reports will be disappointing. The NZSE Top 40-share Index rose 1.99 points to 2,330.28. H$ (000) ANZ Banking 8.95 unch 4318 Advantages Mldqs 1.39 0.01 1050 Air New Zealand <A> 2.77 *0.05 ***** Air
      Bloomberg Business News  -  260 words
    • EDITORIAL & OPINION
      • 836 12  -  THB BOTTOM UMB OPINION By Prem Shankar Jha The writer,former editor of the Hindustan Times, contributed this article to BT. THE Budget for 1997-98 that Indian Finance Minister P Chidambaram presents on Feb 28 will be a make or break affair. It will
        836 words
      • 78 12 "We've been a testosterone-driven business for a long time. Now I'm looking more at an estrogen-driven business." -bum Satin president of Fox 2000, a division of 20th Century Fox, set up to reach female audiences. "This doesn't mean I can relax. I still have no money it
        78 words
      • 649 12 EDITORIAL LAST week's landslide election victory of the Pakistan Muslim League (PML), led by Nawaz Sharif, spells the best hope for the troubled south Asian nation since the beginning of civilian rule there in 1988. Although the election was marred by an exceptionally low
        649 words
      • 924 12  -  John Howard's government hopes* pragmatic approach to trade will torn around riftf-lining By] Peter Lynch The writer is a Sydney-bated journalist who contributes toBT FIRST, the headlines at home: business confidence is sliding; the retail sector is predicting profit slumps of up to 50 per cent; and
        FILE PHOTOS  -  924 words
      • 818 12 IN THE past four years, the United States government has reviewed and cut welfare and defence spendings. The president and Congress are now sparring in dead earnest to attain their common goal of balancing the budget in the next five years. Bold steps have been taken
        818 words
    • EXECUTIVE LIFESTYLE
      • 1216 14  - Neil Haworth a labour of love by design The golf course architect believes in maintaining total control over his work, says micklaus d'cruz NICKLAUS D'CRUZ The writer is editor of The Asian Golf Review. These articles andfurther information about golfing in Asia are available on the Internet at the Asian
        1,216 words
      • 438 14  -  GOLF Sprinting through a game defeats the whole purpose of golf By: Nicklaus D'cruz [SINGAPORE] I've got a regular golfing buddy whose name is Patrick. He was an operations manager for 20 years looking after hundreds of staff; now he spends
        438 words
      • 502 14  -  BT GOLF INDEX By' Ven Sreenivasan [SINGAPORE] The seemingly inexorable downward trend of golf club prices continued last month, with the five-year old BT Golf Index hitting a new low in mid January. The index, which tracks the advertised prices of
        502 words
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  • Page 8 Advertisements
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  • Page 12 Miscellaneous
    • 39 12 JOOMESBORT By Garry Trudeau I WEC*£^!WZ!7mvP BVWHINK I ftvrmsantuy THBSOCS \BUTUXHUY 32SK££2f5iH52£&. I \uogkt I i MHne H meroufr] 'jj&Br —XtooKscmtjjsr I ascnsb V-«w®vjr\ GOIN6APIER I .jS. i FORAOOOK. TH£ dOOKLAitK I UK£ JUH A i CFHUMOR* J H
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  • Page 13 Miscellaneous
    • 699 13 TVRADIO Prnilaili 13 Viper Mig 89. 7.00 Sagalakala Valla van. aj,u. i LOO PM TV Innovations .H® J A.G._— Skeleton Crew. 7.30 TamU Seithi (News). 2.30 The Winners 10.30 News 5 Tonight. SUM Berita 12 (News). 3.00 Money. Money. Money U J" e d ay After Dark 8.30 Teleton Tabung
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    • 276 13 CRYPTIC CROSSWORD ACROSS t I h I U K t fc 1 Jesting a bit although speaking 11 Attractiveness a very fine ■—Jit—jBtTBTZMBZZBBZZBT specimen (6) moving about ready to be 15 Learned sort of guess (8) H|^ 188 ""■W"" 18 Lady performing ceremonial duties spends month cultivat- I I I
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  • SHIPPING TIMES
    • 377 15 Bridge News Reuter AS expected, trading on the freight market ended the week slowly with few reports of concluded business emerging, although there were rumours of a high rate being paid for period business In the east, brokers said. Classic profit-taking on' Friday traded with good healthy volume.
      Bridge News; Reuter  -  377 words
    • 111 15 WW tat W PncleusSMpping -4U>0 -0.75 10 DCLPuMeCo moo ««.oo 7 UrtttMM Um 17.00 uncft 1 MM W »h HI IMC Holdings 3.95 Ortont Ovmtii 4.875 406 SinqjmisCant 0.53 unch 142 Vinctnt InUr 0-33 ntttJPfMES '00 Nh *1 AMtllCpuRy 2M *0.05 307*0 CUUSNpyard 1.52 unch 2000 Inn Cone
      111 words
    • 422 15  -  Rise in number of cases where pirates assault ship's crew, says bureau By. Felix Chan [SINGAPORE] There were more cases of piracy last year than the year before, and attacks have become increasingly violent, said the International Maritime Bureau (1MB) Regional
      422 words
    • 219 15 Business Line [CALCUTTA] Haldia Dock Complex (HDC), administered by the Calcutta Port Trust (CPT), is to be developed into a major container handling port. Although HDC now boasts the country's first container terminal, the throughput of boxes there has been meagre.
      Business Line  -  219 words
    • 275 15 It aims to regain role of regional hub before civil war AFP [BEIRUT] The port of Beirut has launched a US$lO2 million (*****.8 million) modernisation project aimed at regaining its prominent role in the region before the 1975-1990 civil war. The project, including US$57
      AFP  -  275 words
    • 226 15 [RIGAJ The Latvian Privatisation Agency (LPA) wants to speed up the sale of the Latvian Shipping company, the world's 19th largest shipping firm. LPA director-general Janis Naglis was quoted by the newspaper Bizness I Baltiya recently as saying: "We are beginning talks
      226 words
    • 190 15 [HANOI] Japanese trading house Nichimen Corp's wholly owned Vietnamese firm, Vietnam Tankyard Co, is scheduled to complete Vietnam's first large-scale chemical tank terminal next month. Sited in Haiphong, the tankyard will comprise two 1,500-kl tanks and three 1,000kl tanks. Haiphong is northern
      190 words
    • 187 15 AFP [TOKYO] Japan and Russia have agreed on details of a joint probe into the cause of a Russian oil spill which has devastated coastal areas in the Sea of Japan, Transport Minister Makoto Koga said yesterday. Mr Koga said the two
      AFP  -  187 words
    • 193 15 [WASHINGTON] The American maritime industry has agreed to buy new radar equipment for oil tanker tugs in Puget Sound to help guard against oil spills. Federal transportation officials said the radar and transponder equipment, costing as much US$lOO,OOO (S$140,000) or
      193 words
    • 191 15 [SINGAPORE] United Arab Emirates' port of Fujairah finished 1996 on a high note completing an ambitious expansion plan and maintaining its past year's throughput of 555,586 TEUs (20-foot equivalent units). The port focused its expansion last year on container handling resources. On the quayside, two postPanamax ship-to-shore
      191 words
    • 795 16 CAR WAKHw VULMBRABILITT: WHEN JUST-IN-TIME GOES WRONG Despite incidents like the recent fire at a supplier for Toyota which forced the closure of 17 plants for nearly a week, analysts figure the benefits of just-in-time outweigh the risks and that car makers won't abandon the concept
      Bloomberg Business News  -  795 words
    • 258 16 PACE ECl 6 ACt n EES 13 AM. 3 Ethiopian 6 Able 13 Eurohans 6 Accord 12 Evergreen 6 Alirenlue) 4 Eamous 7 Appensfcp 4 FL-Brigfct U Astro 3 EoongSw Austral n Eft Work) 7 Avant 4 7 Gemartrans 13 Batarrondo 7 jEt
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    • 14729 22 THEBUSINESSTIMES EXPORT ETA ETA Advertiser V*ss*i Voyage Telepfton* ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Nam* Nam* Number Number SIN Destn Nam* Nam* Number Number A C To ABU DHABI/ ST JOHNS (AUH) 2004 To CALCUTTA (CCU) 2062 United Arab Emirates India n/02 22/02 Uniglory UNI ONWARD
      14,729 words
    • SHIPS IN PORT
      • 271 29 Vassal Voy No Berth Arrival Dapartur C«vMp *405 J19 MooqskM 11.02/0600 tncograjwwfl 28 JOT Hon«stff 10 02/1500 UHm 42 J04 Mompitft 12.02/0400 Lw Bao 9701 joe itongjidt 10.02/2300 Uranus 84 J05 MonqMK 10 02/1500 AAMiQt4 M ****** X» 11.02/0(00 12.02/0600 AiimqM Sky 2A/97 J06 11.02/0600 14.02/2000 M UO
        271 words
      • 1612 29 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Booklng/Monct istts Skip Voy Mo Etb/Btr Nflod from To From IMWI UM VHM <• I0/1M0 MM W»00 MTMME M041 13/noc i MOO M" W™OC u wrm n/otst ivono j rvcroo vm* vmoo 4 VHM VMM wm» I $2 X WOO
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      • 205 29 MU Japan: National Foundation Day. Fab 17 United Suites: Washington's Day. Mar 3 Australia: Trades Labour Day. Mar 17 Australia: Canberra Day. Mar 20 Japan: Vernal Equinox Day. Mar 27 Denmark: Maundy Thursday. Philippines: Maundy Thursday. Mar 28 Australia: Good Friday. Canada: Good Friday. Denmark: Good Friday. Hong
        205 words
      • 762 29 THIS report. compUed 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 averagesized stem. Market movements are indicated. The Cockett Bunker Price Index change and the individual
        762 words
      • 423 29 CartM NO Mm WJ U 17.0 O.O KM 0.M Ml DmsRt IMr ImMm Art lifciH Wortovt125 1 S 3 1 0 JSE* MO Am MO 0J IU 0« 33 0.02 b» MO Mm 995.9 19 17.9 0.12 03 0.07 M*1 %*u »m/m mi mm* IN Mom
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    • AIR&LAND TRANSPORT NEWS
      • 356 30 Highest number of aircraft deliveries and record US$3 Jb in billings Bloomberg Business News [WASHINGTON] General aviation manufacturers took in a record US$3.l billion (554.3 billion) in billings last year, according to figures provided by the General Aviation Manufacturers Association. The total number of
        Bloomberg Business News  -  356 words
      • 280 30 Agents no longer have to provide bank guarantees Business Line [BANGALORE] Air cargo agents in India say a change in the licensing requirements of the International Air Transport Association (lata) has hit them hard. lata, the body which issues
        Business Line  -  280 words
      • 205 30 Reuter [LONDON] British Airways will sell tickets for flights on its supersonic Concorde for only £10 (Ss23) to mark the 10th anniversary of its privatisation, the airline said in a statement yesterday. People can buy up to two return tickets between
        Reuter; FILE PHOTO  -  205 words
      • 241 30 Qantas also given more seats on Philippine route Reuter [CANBERRA] The International Air Services Commission yesterdaysaid it would renew Qantas Airways' Hongkong capacity agreement, a move which effectively kills Ansett Australia's bid to upgrade to daily its current services to Hongkong. "The
        Reuter  -  241 words
      • 275 30 Bloomberg Business News [SEATTLE] Boeing Co flew its new 737-700 for the first time on Sunday as pilots took the small jetliner on a three-and-a-half-hour test flight over Washington State. The plane is the newest model of Boeing's 737, which it has
        Bloomberg Business News; REUTER  -  275 words
      • 200 30 [SEATTLE] China Xinjiang Airlines has joined the growing number of Boeing 757-200 operators in China through an agreement with International Lease Finance Corporation, Boeing Commercial Airplane Group confirmed over the weekend. The airline will take delivery of one 757
        200 words
      • 244 30 [TOKYO] Toyota Motor Corp has decided to review its production supply to ensure none of its two to three million car parts are made at a single plant. The step is aimed at preventing a recurrence of the paralysis at its assembly plants
        244 words
      • 193 30 Reuter [HONGKONG] Cathay Pacific Airways Ltd said yesterday it expects to spend up to US$6 billion (SsB.4 billion) on aircraft acquisitions for delivery from now until 2003. The plan represents the second part of Cathay's US$9 billion aircraft acquisition programme aimed
        Reuter  -  193 words
      • LOGBook
        • 68 30 [TOKYO] Merchandise exports via air cargo from Japan totalled 9,270 tonnes in December, up 16.9 per cent for the ninth consecutive year-on-year increase, the Japan Aircargo Forwarders Association said. Exports handled by Tokyo Aircargo City Terminal Co, which forwards cargo through New Tokyo International Airport
          68 words
        • 104 30 Reuter [KUWAITI Kuwait airport cargo volume rose 15 per cent in January to 11,478 tonnes compared to the previous January. A monthly study by the Directorate General of. Civil Aviation said outbound cargo volume rose 18 per cent to 3,782 tonnes during the
          Reuter  -  104 words
        • 77 30 AFP [PARIS] Striking pilots severely disrupted flights by the French airline Air France Europe on Sunday, but the c company managed to maintain some journeys after announcing on Saturday it was cancelling all flights. The pilots are protesting against a plan to merge Air
          AFP  -  77 words
        • 81 30 Reuter [GENEVA] Swissair will ban smoking on its transatlantic routes from March 30 because of complaints from a growing number of non-smoker clients, a company spokesman said. Jean-Claude Donzeltold the Swiss news agency ATS at the weekend that the decision was also in
          Reuter  -  81 words
      • 1395 30 CITY FLIGHT E1A FU6HT ETP VM741 1310 VN740 14)0 AtaiDtiaM JU470 1855 JU471 2010. ItatYal TG407 2120 TG408 0820 AdalaMa SO230 1815 Of82 2050 *155 MI896 1815. wm NtCMMM VN741 1310 VN740 1410 AmstvrdMi GA897 1145 KL844 0125 GA8W 1850 S0174 HIS $0329 1525 KL838 2335
        1,395 words
  • Page 15 Advertisements
    • 22 15 What just-in-time goes wrong for carmakers Toyota's vulnerability exposed in recent fire. Page 2 lteS*pra, Malay* aii Taiwan markets were dosed yesterday
      22 words
    • 287 15 General aviation manufacturers post record 1996 Record USs3.lb in billings. Back Page BULLETIN BOARD V Li r* ,:-'K. .J«<Str jS'.' -4ii|>,vSv"t'HHF3m^BßisSBßP6«*l The Singapore National Shipping Association I will be holding a luncheon talk on "Substance I linm abuse at se« How to comply with rules, MT\ Si S| regulations and
      287 words

  • Page 16 Advertisements
    • 130 16 NYK LINE 1993 (S) PTE LTD Malaysia .noonesia fWf lAX /liVtfSh f.lK!(ii ?*).)/101 OI'S. KtlAI A I UMPIIH 0? Qj Wli; [IMS, jA«AHIA nOVI/. lOittHS X.I Aril w,/B!Hi)Ocur.HNiAimNi I'OHiKMAnr. Kf in i ims, dm. hw-m hmi NIPPON YUSEN KAISHA (JSHOi //1/1/iiC RNO IU4/ j MKMJOUf H NAM. (KMJ4i'> HNf S
      130 words
    • 482 16 Unas satvkm represented by Mentors of the Regnfcy of Accredtted Shipping Agents. S"pore National Shipping Aaeoc Members of toe Singapore Freight Forwarders' Association. s o\W" s a%~ Just talk to us... •Iris Urn 740-2044 Tan Lip Chuan 740-1645 Jarrod Leong 740-2089 Philip Koh 740-2382 EXPOftT 3 x Jqpow •2 x
      482 words

  • Page 17 Advertisements
    • 1066 17 PACIFIC SOUTH WEST EXPRESS (MRICT) ALSO ACCEPTING MAMAUS 1 Ivtssa Ivor I m Iswna lawnc I lax Idm I mao 1 <n~ urt ai hou 1 wot I sia~| API JAPAN 0131 83/02 05/02 00/02 1 21/02 2S/02 20/01 26/0? 27/01 27/02 27/02 26/02 I 20/02 mm 0131 10/02 12/02
      1,066 words
    • 2449 17 ©HANJIN SHIPPING USA CANADA* [umhaia/vot mi PaT su w |nw lTOp|oo|Bw|oßt|pM|oow|Kß»|oos|im|OM rv» m wa m re hhaooiooowt os/w m/w" v/n 01/w m/m w/w w/m m/w 01/w m/w ~m/w m/w 04/03 "ot/oT" m/w 01/w m/w m/w "m/w~ m/w ureuxsrawora n/01 u/w m/m m/m 07/ M m/m M/ 03 11/03 m/m 11/03
      2,449 words

  • Page 18 Advertisements
    • 1292 18 IDSR-SEHATOR In Round the World Container Sen/ices TO UK/CONTINENT FROM UK/CONTINENT Z wwa wit aw irn w mi (u w uia] I vessel Ivor liha urn 1 onv haai |ai ajtt Him"" CHOYAMG VOLGA WF7OO 07 01 27 M S B 11 *3 12.03 20.02 «S3 VLADWOSTOK KMTOR EE7O7 11*1
      1,292 words
    • 1083 18 I NORASIA I VESSEL VOV «N PKL OOA LAS SCL VAL ALQ ROT ANT FEL LMA MORSMGA 1706-3 12*2 14*2 28*2 06*3 HSJ 09*3 18*1 08*3 07A3 07/13 15*3 MSC JASMINE 0706-3 IMB 20/12 07*3 12*3 00*3 16/03 17*3 13*3 14*3 14*3 16*3 NORKEL 0707-3 28*2 02*3 14*3 IM3 IMB
      1,083 words
    • 293 18 Direct Container Service to Fangcheng Zhanjiang Vessel S'pore Fangcheng 7han|ian P UANBAO 22/02 27/02 01/03 tt /VQA?TRANS CONVENTIONAL SERVICE TO THAILAND AND MALAYSIA BREAKBUUC RO/RO AND HEAVYUFT ANY WBGHT THAI FLAG STATUS PRIORITY BERTHS Mm Express V.4IA SAtH) 10-11/01 MM Ada Express V.42A 14-14/02 25-26/02 19-20/02 20-22/02 Asia Express V.43A
      293 words

  • Page 19 Advertisements
    • 1306 19 Mf STRAITS SHIPPING PTE LTD 10 Ho« Chiang Road #11-01 Kappal Towers Singapore *****5 Tel: *****88 Fax: *****17 SAIAHI ItUllll COWVIMTIOMAI SIIVICI |H0 CHI MINH FULL CONTAINER SERVICE wn lain la Ivpsa vot nTsTftArH n* hou nwsiT I «/w Sffi ot«n mmov 11/92 UZB2 flmssm wo» i 20/02 04/ m
      1,306 words
    • 1324 19 HR WIIR FOR tnwtfwi iiwh hrvki I SINGAPORE'S GENERAL AGENTS: 6 SHfNTON WAY 10:*****00 FAX: *****08 OUTWARD (l/U S *****02 JONORI OFFICE: SfSFMLSKH 116 m m #17-00 DOS HM SAIiS/MGS *****41/43 NIWAID DOT (0/0) *****15 COSTAR AGENCIES (M) SDN BND aWO-.n7»719Q0000 TOWER TWO (00«H) CONVENTIONAI *****50/55 T/SHWT pgr *****25 TEL
      1,324 words
    • 454 19 /_/_|PERKAPALAN DAI ZHUN 1 lUf TONG JOO SHIPPING PTE LTD CR NO: **********0 C REGULAR CONTAINERISED SERVICES TEL: (65)535 7793 FAX: (65) 533 2952 KBCmM+fASTIST TRANSIT/ MHUUtA-HUOUTY IfffTW HO CHI HMM+iBKATiD IFfU ***** 12/03 GfWI H 0757 13/02 GIWI ***** 11/W f J GISWH 97*0 13/02 GJHEMG fTI7 14/01 GtHUAT
      454 words

  • Page 20 Advertisements
    • 1269 20 EUROPt/UK/SCJWDtmyiA/FiWUWO/WUSSIA ISGP ROM ANW HBG THP ZEE LHV LHW TMP RDM AN W HBG PKL SGP E. ROUNO RW-024 IMB 07/83 12/03 OIA3 ***** 11/03 12/03 E. GLEEFUL RE-048 ***** 23/01 22*1 24*1 25*1 17/02 11*2 E REWARD RW-022 22*2 14*3 I**3 15*3 17*3 11*3 11*3 E. GIVEN RE M
      1,269 words
    • 1475 20 I S £Lu, JSIfSL Slfll-. ,t f* l Vlssa VOTAGC DM MA AMI DNI MM SGP *™*U1 J"" 77 OVOI 00/01 01/03 IWI (0004U *****35* 02/02 01/07 03/0? 04/03 OS/02 17/07 UNKOMCOB) 044*03* V/ 07 01/03 0»/03 10/03 11/03 IZ/03 IVO3 IS/03 UWCHOT 0440 034* 01/02 01/02 10/01 11/0? 12/0?
      1,475 words

  • Page 21 Advertisements
    • 724 21 BSA n. M MYANMA wBBk FIVE STAR UNE (Myamar National Uno) Loading for Yaagoa (Rangoon) Vtssa VOY SM PKG PIN PGU MAMUMYNK 75 SLD HfA-AN 131W SLD MALAYSIA AGOfTV OOUSTUD SNIPPMG AGCNCMS KUL m 02-03-*****00 PRL TIL 02-03-3/***** PIN: Ttt 02-04-*****0? PGD: TU 02-07-*****21/4 BANK LINE (A itrvko ol <U*ow
      724 words
    • 1044 21 l:. HYUNDAI MERCHANT MARINE CO. LIP. WESTBOUND TO EUROPE BKG: *****32 m I w I w I vpsa vot si I i» I w I w 1 hm I mi m 01/01 04/02 10/02 NICOMOOORI JO4W 11/01 17/91 M/ 02 01/03 01/03 01/03 04/03 13/01 13/01 I J/01 HIFBOAL 303W
      1,044 words
    • 474 21 (fit FAMOUS CONTAINER UNESI 80 ROBINSON ROAD, #22-02 SINGAPORE *****8 HOT UNE: *****33 (30 UNES) Weekly Sailing To all AUSTRALIAN PORTS r iirs a r.' FOR MORE DETAILS CALL KEN SIM IVERON ONG I *****33 i P. KLANG PH: 0203/*****33 (20 LINES) PENANG PH: 0204/*****7 (10 LINES) J. BAHRU PH:
      474 words


  • Page 23 Advertisements
    • 49 23 To retrieve more schedules, just follow these simple steps... d° cumen t ial 74Q-600Q^^^P^^^^ p %®Select the port '■Enter your Step key in the four W number /J§ §J digit code Key in your Example: i fax number To NEW YORK (NYC) 2275 United States for calls within Singapore
      49 words


  • Page 25 Advertisements
    • 503 25 Weekly LCL A FCL rODICai Service* to Caribbean IT hipping A Central America Amar iiif UAIKV KJfUHMr mUrK IXw IVWCUK IWOTRK 9702 9704 Port Country 09/02 16/02 Belize Cily Balize 15/02 22/03 Bridgetown Barbados 18/03 25/03 Cartagena Colombia 17/03 24/03 Castries St. Lucia 17/03 24/03 Fort de France Martinique 18/03
      503 words
    • 1161 25 ADVANCE CONTAINER LINES (PTE) LTD A I 140 Cecil Straat, #12-00, PIL Building, Singapore *****0 M L« TEL: *****21, FAX: *****19. TELEX RS ***** ACLPL ——CR NO. **********06 I BANGKOK |l JJJUMk N ytccci VOY SIN IKK CMJ Twjwfc TV! W&T Is— wm &wm swwawoi >i TWIS- WiT M So.
      1,161 words
    • 930 25 Q2376fe0000Z !!T!T t WO LEH HAM WTV THP ANR VMEOEVELA VIOW 7/gg 2MB OaqO ittTO is® i 5» WLLE DE CAPELLA TIM M*. 55 55 VILLE 06 ÜBRA LIS* gS 23*Q S*i 5*3 5*5 UIM I 555 555 555 5» also acceptmq cargo to all u.k. destinations. C t!! D
      930 words
    • 29 25 rigA£5SS& I REGULAR CONVENTIONAL I I TIIBER AND PLYWOOD SERVICES I |muww »/w n/n m/mmm I ■NOOUUIM 75/07 ITMY/MD SEA PORT I IALSOLOWSWtWHAWWNDOPOmS NOMUUOM 14/07 KT/MMGKX/MMU/ UONfIMG I WHV
      29 words

  • Page 26 Advertisements
    • 1910 26 (lM pul international line HJ^NTERNATKNAL MAMOKOK >T KILAWO .Mr M VESSEL VOY SIN BKK VESSEL VQY 5S PKL C <*V/*-M MATWU BHUM" 317N Wed 12/02 Sat WW OURU BHUM 7719 Tua mPt Wad 12/02 jAKAffft flfff 1) ffllK/VW XETHABHUM 188W Thu 13/02 Sun 16/02 KITI BHUM 7331 Wad 1W Tlx)
      1,910 words
    • 157 26 BINTANG MAS SHIPPING PTE. LTD. 30 NHL ROAD, SMQAPORE 0208 TEL: *****88 MX: *****84 TLX R*****6 SJNMER CR No: **********0W RwnMngCayoatPTl r Blntulu I Muara vjssa voy SM Vissa voy sm into* Sana VfTOIE 14-15 hb Mercury Gold W7OIE 14-15 Feb Kntong Mot V7704C 20-21 Fab Mercury iod* V9704E 20-21
      157 words

  • Page 27 Advertisements
    • 355 27 I SINO EXPRESS SHIPPING 11 COLLYER QUAY #06-01 THE ARCADE iSINOTRANSI S (*****7). TEL: *****90 FAX: *****98 V LU-vU P* TLX: R*****1 SINOEX SINOTRANS SHANGHAI (CONTAINER SERVICE) VESSEL VOYAGE ETA SIN ETAHKG ETA SHA G.WEIL 9704 16/02 21/02 2S/02 G. LUCK 9704 21/02 26/02 02/03 0. GLORY 9706 CANCELLED JG.
      355 words
    • 289 27 Ajkfl MAC-NELS S PORE M'SIA Carrier: MM CONTR LINES, MC M\y V2_J ISOOC7SOOOOC BMJ: (064) *****9 MAMLA: (632) *****61 KNANG: (04) *****6 BANGKOK: (662) *****67 SURABAYA: (31)*****0 ft SB-AMP: (03) *****77 JKT (21) *****07 MON: (61) *****3 HONG KONG MV "API KOREA" VOI3E ETA SIN 12-2-97 MV "ASIAN PEGASUS" VNOS4
      289 words
    • 129 27 WEEKLY GROUPAGE AUST, NI THAILAND, HKG, CHINA. KOREA, TAMfAN. PUJPPICS, INOA, SRI LANKA, PAKISTAN, BANGLADESH, RJI. MAURITIUS, NEW CALEDOMA, S. AFRICA, EUROPE. UK. USA k S. AMERKX AR-SEA CARGO QUOTES t H NSURB) FOR USSSOMOO PGR CUWMC BONDG) tRATAiSffAMBWBt FOR ENQUIRIES PLEASE CONTACT fW4I EURO-ASA CENTRE JL »HOECHMNGII),SMGAraKN»II 3Fr TEL
      129 words
    • 249 27 SEA GRACE 15/02 RdnVAtw/UK/Nan I I OCEAN ISLAND 22/02 01AB RdrrVAtwAJK I J 1 I DiAai/DammarVKuwat I Oubai/A-Dhabi/Bahrain/Damrnan/Kuwaitß ADAMMSTOS Sad I Broads Singapore, E/W. Malaysia, Indonesia I I Loading for PAN EXPRESS L<*Angetea/NawOrteaVChwteetan/ I I NortofcAJamden I OCEAN FFUENO los Angeies/New Oriean/Charleston/ I I Norfok/Camdan I I I LOADING FOR
      249 words

  • Page 28 Advertisements
    • 508 28 Shipping Times "BUSINESSCENTRE Your 24-hour instant info access centre to shipping services and products. Around-the-clock. Seven days a week. To receive information from advertiser of your choice listed on this page, simply follow the 4 easy steps below. i. Call 740-6000 Press 'T& key in Document Code Key in your
      508 words

  • Page 29 Advertisements
  • Page 29 Miscellaneous
    • 121 29 LEGEND: R Thunderstorm Tomporoturo »q V Showor Woothor Wind direction with tpood in knot* Rom Cloudy Sky Wov S«rfje« wind* or# mdicatod by arrow* wtodi My w.rti tfco wind Qy Ono ful cirdo ropro*ont* colm or light and vanatto wmd* X—» Ono hoH Mocho ropro*ont* 5 knot* L— Ono fu*
      121 words