The Business Times, 6 March 1997

Microfilm: NL20863
Total Pages: 40
1 40 The Business Times
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  • Title Section
    Masthead
    13 1 THE BUSINESS TIMES MITA (P) 023/12/96 SINGAPORE Internet: http://www.asia! .com.sg/biztimes THURSDAY, MARCH 6,1997
    13 words
  • Article
    MARKET SUMMARY
    59 1 am rjKNBI mm wmsk (-1.06) M STOOHP LI *****3 (+16.89) El I AJ 168&53 (-2.30) g) MAMOETMOOPc ST0G1 MAKKET mhmy Wedsmdmy o» wy imn *06 NIKKEI H£7U1 -S91JT7 HANGSBNQ H4lt7f -IMS SCTINDKX 683.72 5.92 JAKAXTA00MP__jn6.lt -ft* MANftACOVP _JU9M0 -lftK THP*«P! &0I9.445 ♦C.W SMOULOOXP ___J674Jf. -M8 CLSA CHINA B
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  • Article
    FINANCE
    69 1 ratios BAIES us* 8S U» 1.428 WI2 UN flt—t 9J&84 M34 YWf IM 8L822 1.173 Ml 9.494 9*79 HI# 0.129 9.184 RAHT 0.039 9.966 RJFIAH 199 9.942 0.060 FUME BASES 8INOAPORE* 6.44 KUALA LUMPUR. .9.26 JAKARTA 18.00 IAH6K0K 112S MANILA 13.90 HONGKONG AM TAIPB JK SYDNEY. _.|.00 TOKYO 169
    69 words
  • Article, Illustration
    Lock icon Moody's may stay its hand in review of Thailand
    480 1  -  Decisive govt response and efforts to reduce current accotmt deficit likely to sway agency Reports by< Alan Boyd in Bangkok THAI financial regulators yesterday opened crucial talks with international credit-rat-ing agency Moody's on the country's debt position amid speculation that remedial
    Source: Bloomberg  -  480 words
  • Article
    Three top BOT officials suspended
    340 1 Central bankers didn't act against BBC execs within lesd timeframe THAI authorities have suspended deputy governor Jarong Nookhwun and two other top officials of the Bank of Thailand over the botched prosecution of former executives of debt-ridden Bangkok Bank of Commerce (BBC). The three officials
    340 words
  • Article, Illustration
    Lock icon Comfort about to bag M'sia's Kancil car franchise
    359 1  -  Byi Christopher Tan [SINGAPORE] Transporta-tion-based Comfort Group is in the final lap of securing another vehicle franchise its fifth in about a year. A source close to the company said it was in advanced stages of discussion with Perusahaan Otomobil Kedua (Perodua)
    FILE PHOTO  -  359 words
  • Article
    Low-profile Saleh Sulong seen taking over as DRB-Hicom head
    451 1  -  However, it is unclear if his chairmanship is an interim measure From Eddie Toh in Kuala Lumpur MOHAMED Saleh Sulong, a long-time partner of the late Malaysian auto czar Yahaya Ahmad, is widely tipped to be named today as the man
    451 words
  • Article
    Lock icon White House subpoenaed for all documents on Lippo
    303 1 Reuter [WASHINGTON] Whitewater prosecutor Kenneth Starr has subpoenaed all White House documents on 14 individuals and subsidiaries of Indonesian financial conglomerate Lippo Group, White House officials said on Tuesday. In a memo dated March 5, White House counsel Charles Ruff asked White
    Reuter  -  303 words
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      Page 1 Advertisements Column 1
      125 1 ImsmDU tatalawhta MnrTahp The much-anticipated rental crunch in River Valley could be around the corner. However, some projects, such as Mirage Tower and Tiara, may just weather the storm, I*4 WBWSTALDB CMrtahMttofcu ■dark's bad our WhMm,thispg. Comfort ia clearly on the fast lane. ♦MtfaMhrflWbm prqjKt,pg 13. No impact Share prke
      125 words
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      Page 1 Advertisements Column 2
      75 1 of Singapore, stand up Md D 0 comma This SITUBttS In Executive Lifestyle Worldwide access with OUB Global Auto Cash Card Convenience of savings, chequeing and fixed deposits in one account High daily interest on your money One monthly statement detailing all your transactions Visit any OUB/IBS branch or call
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      Page 1 Advertisements Column 3
      4 1 Yah&ya'a —oee—or, Pg 13
      4 words
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  • SINGAPORE AT HOME & ABROAD
    • Article, Illustration
      Philips unit to treble workforce at S'pore plant to meet demand
      476 2  -  Plant running round-the-clock to supply mobile phones to global market By Kenneth James PHILIPS Consumer Communications (PCC) is sharply ramping up capacity at its Singapore plant to cope with worldwide demand for its GSM mobile phones and pagers. PCC,
      476 words
    • Article, Illustration
      Lock icon Disk drives: Analyst warns of possible overproduction
      448 2  -  By, Jennifer Lien DISK drive companies' production plans are over 20 per cent higher than expected shipments this year an imbalance that could affect component suppliers in Singapore if a downturn hits, an industry analyst warned yesterday. "The question is, can we continue
      Source: GreatFocus  -  448 words
    • Article, Illustration
      Lock icon S Africans happy with business matching session
      300 2 MANDELA IN SINGAPORE FIFTY Singapore companies turned up yesterday to meet South African business leaders in a networking exercise that proved useful for the visiting entrepreneurs. The South Africans, who are here in conjunction with the state visit of President Nelson Mandela, said
      ARTHUR LEE  -  300 words
    • Article
      Lock icon Tang asks court to disqualify Justice Lai
      547 2 Serions inaccuracies in affidavit, appear before me on Monday, judge orders Tang The Straits Times TANG Liang Hong asked the High Court yesterday to disqualify Justice Lai Kew Chai from hearing the defamation suits filed against him by 11 leaders of the People's
      The Straits Times  -  547 words
    • Article
      Market volume influences growth
      372 2  -  EYE ON THE ECONOMY Finance By] Lee Yoke Har WATCH the stockmarket. It can have a significant impact on economic growth. According to Vickers Ballas Investment Research's estimate, every 70 million increase in average daily stock turnover could raise growth in the financial business services sector
      372 words
    • Article
      Do more business with S Africa, Mandela urges S'pore companies
      481 2  -  For as, Singapore is an excellent potential partner, he says Hejxtrts by Vang Razall Kassim PRESIDENT Nelson Mandela last night urged more Singapore companies to do business in South Africa. They could do so independently or in joint venture with
      481 words
    • Article
      GE Life expects more agents to leave after bonus
      448 3  -  Insurance leader has lost 280 agents or 6% ofits4,soo-strong agency force By\ Siow Li Sen GREAT Eastern Life Assurance says it expects more of its agents to leave after a bonus payment next month, swelling the numbers who have voted with
      448 words
    • Article
      SingNet signs MOU to hook up with CompuServe
      314 3  -  By. Annette Pau LOCAL internet service provider Sing Net yesterday signed an agreement with USbased information service provider CompuServe to give its subscribers access to over 3,000 channels of online information and commercial services. These include news, entertainment, forums, e-mail and online
      314 words
    • NEWS Roundup
      • Article
        Get an overdraft via ATM
        69 3 DBS Bank customers can now apply for loans and overdrafts through the bank's island-wide network of 240 automated teller machines (ATMs). DBS is the first bank in Singapore to provide such a service. Available via ATMs are DBS Reno Assist, a renovation loan, and Credit
        69 words
      • Article
        Direct marketing conference
        44 3 REED Exhibition Companies and Direct Marketing Association of Singapore have signed an agreement to jointly organise DM Asia '97, a direct marketing conference and exhibition. The event will be held from July 28 to 30 at the Raffles City Convention Hall.
        44 words
      • Article
        Kohler opens regional HQ
        46 3 AMERICAN company Kohler Power Systems officially opened their Asia-Pacific headquarters and manufacturing plant at Jurong Pier Road yesterday. The new facility will oversee regional sales and manufacturing. Group vice-president George Tiedens expects a turnover of US$5O million (Ss7l million) in three years.
        46 words
    • Article, Illustration
      Lock icon TDB to make S'pore an int'l exhibition city
      386 3  -  Plan focuses on high-quality mega fairs and exhibition management services By Teh Hooi Ling THE Trade Development Board (TDB) is embarking on a two-year programme to turn Singapore into an international exhibition city by the year 2000. The focus of the programme
      FILE PHOTO  -  386 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      148 2 You can say NO to duplication in your accounts department You must be fed up of the number of times the same voucher or invoice is made, posted, updated and written over and over again by the different departments in your company. This naturally leads to delays, errors and unnecessary
      148 words
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      Page 2 Advertisements Column 2
      104 2 A Warm Welcome to South African President H.E.Nelson Mendala and his Delegates from Small Offices managed by Fusien the foremost provider of Instant full facilities start-up offices for small foreign business enterprises in Singapore at 1 Park Rd #05-01 People's Park Complex Tel (65) 536 8182 Fax: 536 5363 Our
      104 words
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      Page 2 Advertisements Column 3
      92 2 We provide consultancy services on offshore structures, shelf companies and incorporations in ALL jurisdictions, including British Virgin Islands Mauritius Cayman Islands Hong Kong Bahamas Western Samoa Pull nominee, management, corporate secretarial and professional administration services are available. We specialise in offshore trusts, offshore banks, and captive insurance companies for qualified
      92 words
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      32 3 f M MIKIMOTO The Originator of Cultured Pearls Since 1893 y C.T.HOO ,&jF pi Singapore /SjF #01 22 .Vjr Tanglin Shopping Centre, Singapore *****9. ill. -i 'li' l Tel: 7 *****7, *****43
      32 words
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      Page 3 Advertisements Column 2
      356 3 NECK <t SHOULDER JBK i| <' S H ?M MMm/? '|j9^H| -H K 'jBI S H 1 m A I^K I IH i hH [%/l |/m I *V? '-V^^^P-'||P <Sl ma» v 4&, f > e Hr &y|^H VOI R Save Up To 30% On National Massage Loungers Today! f
      356 words
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  • FOCUS: PROPERTY
    • Article, Illustration
      Lock icon River Valley may face rental crunch soon
      408 4  -  Pressure building up with 2,000 units coming onstream By' Tan Su Yen [SINGAPORE) THE much-anticipated rental crunch in River Valley could be around the corner. This year, more than 2,000 units in the River Valley belt will receive Temporary Occupation Permits. These include
      ARTHUR LEE  -  408 words
    • Article
      Oakwood Asia-Pac to manage Shanghai property
      336 4  -  By\ Diana Oon [SINGAPORE] Service apartment managers Oakwood Asia Pacific (OAP) has signed its first management agreement, for a property in Shanghai. The 175-unit project in Shanghai's diplomatic quarter, called Oakwood Premier, will be OAP's flagship project, said Oakwood International president Jim Klein here
      336 words
    • Article
      House Hunt
      1191 4 Property transactions for districts 09 and 10 (sectors 22 to 23 and 24 to 27) lodged between Jan 27, 1997 Mar 1, 1997. PROJECT NAME/ PROP CONTRACT TENURE BUILT-IN/ PRICE PSF STREET NAME TYPE DATE UNO AREA* (SOFT) (SS'OOO) (SS) District 9 Hou'LWM Aspen Ht Apt 09/12/96 999
      1,191 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      385 4 l m o** ?JJ^Hi v I CIPL from DBS Finance The place to go for Commercial Industrial Property Loans. •Up to 90% financing Financing period ot up to U) years Financing for offices, shops (including HDB shophouses), factories, warehouses and property development Financing under the Local Enterprise Finance Scheme also
      385 words
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      Page 4 Advertisements Column 2
      118 4 b®* Various units from 1000 to 7900 sq. ft. Strategically located in the heart of the CBD. 3 mins. walk to Tanjong Pagar MRT station. Suitable for legal firms, architect offices. bs- One month's rent-free period for fitting out. Immediate occupation 2 basement carparks. Rental $4.50 p.s.f. Sole Marketing Agent
      118 words
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  • SOUTH-EAST ASIA
    • Article, Illustration
      Jakarta won't hesitate to liquidate ailing banks
      379 5 JAKARTA Problem banks could hinder sound growth of hanking industry, says finance minister MINISTER of Finance Mar'ie Muhammad has said the government would not hesitate to liquidate ailing banks to strengthen the banking industry in the face of financial liberalisation in the region,
      379 words
    • Article
      Lock icon Indonesian trade surplus improves, inflation in check
      378 5 JAKARTA Reuter INDONESIA posted a healthy trade surplus in 1996 and inflation remains in check, but officials and economists said yesterday it will have to ensure overheating does not occur. "I think our economy is on the right track. Inflation is under control
      Reuter  -  378 words
    • Article
      Lock icon Brunei Sultan denies ever meeting US beauty queen
      219 5 BANDAR SERI BEGAWAN AFP BRUNEI'S Sultan Hassanal Bolkiah denied in a statement issued by aides yesterday that he ever met a former US beauty queen who is seeking damages from him in a US federal court over a contract dispute. The Sultan
      AFP  -  219 words
    • Article
      Lock icon Anti-election pamphlets seized
      96 5 JAKARTA Reuter THE military has seized at least 6,000 pamphlets asking Indonesians to boycott the May 29 general elections and is searching for those responsible for producing the material, Media Indonesia newspaper reported yesterday. Tayo Tarmadi, head of the Siliwangi military command which oversees West Java province,
      Reuter  -  96 words
    • Article
      Corrections and clarifications
      51 5 IN our report yesterday, "Thai crunch will squeeze many", we said finance and stockbroking company Phatra Thanakit was among those in financial trouble. Officials from Phatra Thanakit yesterday denied this and said there is no basis for the statement. We retract the statement and apologise for the
      51 words
    • Article, Illustration
      Lock icon Indon stocks in sharpest fall in 3 months
      183 5 JAKARTA Bloomberg INDONESIAN stocks suffered their biggest one-day drop in three months as investors took fright at disappointing earnings at some of the largest companies on the Composite Index. The benchmark Jakarta Stock Market Composite Index fell 9.36 points, or 1.35 per
      Bloomberg; Source: Bloomberg  -  183 words
    • Article
      Lock icon S'pore now top foreign investor in Vietnam
      222 5 HANOI AFP SINGAPORE has become the No 1 foreign investor in Vietnam in terms of approved investments, overtaking Taiwan, a source at the Singapore embassy here said yesterday. The source said Singapore has approved investments worth about US$4.7 billion (556.6 billion), with close
      AFP  -  222 words
  • Page 5 Advertisements
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      43 5 < fl j t c Fast, easy-to-use Internet access to business content in over 185 countries. The Internet... and a whole lot more. <\.\.uM\ Call Sing Net at 838 3899 or register on-line W w Internet Access Service From Sing Tel at wwiv.singnet.com.sg/compuserve Pacific
      43 words
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  • CHINA-HONGKONG-TAIWAN
    • Article, Illustration
      China's looming lay-offs
      699 6  -  CHZMA WATCH Job problem likely to get worse before getting better as Jiang reforms state firms By Lu Ning A T public gatherings and at official events at Beijing's Great Hall of the People. Jiang Zemin cuts a stately .A. presidential figure. But out on the streets
      699 words
    • Article, Illustration
      Lock icon HK finance chief to be replaced, says paper
      247 6 HONGKONG Bloomberg WHEN Donald Tsang became Hongkong financial secretary, he was hailed by Beijing for being the first Chinese person to take charge of the British colony's finances. Two and a half years later, Mr Tsang is under siege from an unexpected
      Bloomberg  -  247 words
    • Article
      Lock icon China to have final say on who can migrate to HK
      430 6 HONGKONG London, Beijing agree on media coverage for handover ceremony Reuter AFP CHINA will have the last word on who can migrate from the mainland to Hongkong after Beijing takes the colony back from Britain on July 1, a
      Reuter; AFP  -  430 words
    • Article
      Lock icon HK meeting unlikely to act on Asian financial integration
      427 6 HONGKONG Some ideas may emerge but there will be few concrete measures analysts Reuter ASIAN financial leaders meeting in Hongkong this week are expected to contribute some new ideas on ways to achieve financial integration in the region but few concrete
      Reuter  -  427 words
    • Article
      Lock icon Beijing denies Deng had regrets over Tiananmen
      150 6 BEIJING AFP CHINA yesterday angrily denounced reports that Deng Xiaoping had expressed deathbed remorse over the 1989 Tianamen Square massacre as the "despicable" work of exiled dissidents. The Japanese press reported that just before Deng died on Feb 19, the patriarch had described
      AFP  -  150 words
    • Article, Illustration
      Lock icon Deng in bronze
      45 6 [BEIJING] Chinese sculptor Wu Yinlin performing a final check on his creation, a bronze statue of late paramount leader Deng Xiaoping, at a Beijing studio on Monday. Deng had abhorred the personality cult that surrounded his powerful predecessor chairman Mao Zedong. REUTER
      REUTER  -  45 words
    • Article
      Lock icon Bank of China bailed out Tung
      216 6 HONGKONG ItpntupUSssQißiii 1980s to rescue Orient Overseas: report AFP A STATE-OWNED Chinese bank contributed nearly half of a US$l2O million (SSI7O million) package that saved the shipping empire of Tung Chee Hwa, Hongkong's future leader, the Far Eastern Economic Review said yesterday. In a
      AFP  -  216 words
    • SINO Briefs
      • Article
        Lock icon Taiwanese scientists clone five pigs
        125 6 AFP ITAIPEI] Taiwanese researchers said yesterday they cloned five pigs to save the endangered Lanyu pig from extinction using a controversial genetic transplant technique. But the five pigs were only 90 per cent identical to their parents. The pigs were born in March 1991. The
        AFP  -  125 words
      • Article
        Lock icon Bonds for dam project snapped up
        60 6 AFP (BEIJING] The first corporate bond issue for China's Three Gorges Dam project was snapped up in five days. The issue value was one billion yuan (Ssl7l million) with a three-year term and an annual interest rate of 11 per cent. The dam will
        AFP  -  60 words
      • Article
        Lock icon Forces on top alert in Xinjiang, Tibet
        78 6 AFP [HONGKONG] Chinese military forces have been put on top alert in north-western Xinjiang province and Tibet in a bid to curb separatist activities in the troubled regions, a report said yesterday. The Central Military Commission has also upgraded the state of alert
        AFP  -  78 words
      • Article
        Lock icon Central bank unit bays into HK firm
        73 6 AFP [HONGKONG] A China central bank subsidiary has bought 15 per cent of Hongkong's banknote printing operation, the monetary authority announced yesterday. Hongkong Financial Secretary Donald Tsang made the agreement with China Banknote Printing and Minting Corporation to sell 3,825,000 ordinary shares of
        AFP  -  73 words
      • Article
        Lock icon All 50,000 UK citizenships to be allocated
        106 6 AFP [HONGKONG] All 50,000 places in a scheme to bolster Hongkong's stability by providing key officials with British citizenship will be allocated, local radio RTHK reported on Tuesday. It quoted Peter Lai, the colony's security secretary, as telling the Legislative Council that more
        AFP  -  106 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      107 6 NOUS LIKE IN GIOWS KITH UilUUfllfl DBS Factors Asset Based Financing Lets you take advantage of your company's current assets to finance future growth. With Asset Based Financing, you can: Get more cash as your business grows Obtain Letters of Credit Trust Receipt facilities that grow with sales •Enjoy low
      107 words
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  • Page 7 Advertisements
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      204 7 What can $1 buy you these days? jjjlljjjjy .MgMMgHgMHap "VAib Now, you can use the ABLE to print for just $1 more. That's because for a limited period, we'll add the print function to the ABLE for just a mere dollar. So along with copying/faxing, you can Call 431 0700
      204 words
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  • ASIA
    • Article
      Lock icon Gambling may be hampering Aussie retail sales: minister
      413 8 CANBERRA Costello says he's also concerned about extent to which states rely on gaming revenues Bloomberg AUSTRALIAN Treasurer Peter Costello said gambling is probably detracting from the level of retail sales. In a press conference following the release of the gross domestic
      Bloomberg  -  413 words
    • Article
      Lock icon India hopes to get back US$30b in 'black money'
      387 8 NEW DELHI Govt plans to pomp money illegally invested abroad into cash-strapped states AFP INDIA is hoping to recover US$3O billion (Ss42 billion) in "black money" illegally invested abroad to pump back into the country's cash.apped state governments, a senior official
      AFP  -  387 words
    • Article, Illustration
      Lock icon Petitioning for Great Barrier relief
      67 8 [SYDNEY] Environmental protesters on Monday outside an Australian defenceforce building in Sydney encouraging passers-by to buy badges and sign a petition opposing a US-Australia joint military exercise called Tandem Thrust' to be staged near Australia's Great Barrier Reef between March 10 and 22. The exercise
      REUTER  -  67 words
    • Article
      Lock icon Shots fired as N Korea agents try to get to top defector in China
      219 8 BEIJING AFP NORTH KOREAN agents attempted to enter the South Korean consulate in Beijing where a top defector from the Stalinist state has taken refuge, diplomatic sources said yesterday. Shots were fired but the attempt to
      AFP  -  219 words
    • ASIA Notes
      • Article
        Lock icon Kim ropes in ex-finance minister
        73 8 AFP [SEOUL] South Korean President Kim Young Sam on yesterday named an ex-flnance minister, Kang Kyong Shik, as his new minister of the economy in a cabinet reshuffle, a spokesman said. The ministries of trade, home affairs, transportation and construction, science and technology, justice and
        AFP  -  73 words
      • Article
        Lock icon Aussie govt denies meat ban by Korea
        77 8 Reuter [SYDNEY] The Australian government yesterday denied newspaper reports that South Korea had banned Australian meat and dairy products in reaction to the outbreak of anthrax in Victoria. The reports, in The Sydney Morning Herald and the Melbourne Age newspapers, said South Korea
        Reuter  -  77 words
      • Article
        Lock icon Suppor for Hashimoto at a low 43%
        67 8 NYT [TOKYO] The support rate for Prime Minister Ryutaro Hashimoto's cabinet remains at a low 43 per cent, continuing a trend that first surfaced after December, according to an Asahi Shimbun opinion poll. Respondents were particularly unhappy about Mr Hashimoto's overall political stance
        NYT  -  67 words
      • Article
        Lock icon Japan amends forex law on sanotions
        95 8 AFP [TOKYO] Japan will revise its foreign exchange law to allow the government to impose economic sanctions against foreign countries without UN Security Council resolutions, officials said yesterday. A clause to this effect was included in bills to revise the Foreign Exchange and Control
        AFP  -  95 words
    • Article
      Lock icon S Korea heading for slowest growth in 17 years: think-tank
      272 8 SEOUL AFP SOUTH Korea's floundering economy is forecast to witness its lowest annual growth rate in 17 years this year, a private think-tank said yesterday. With a prolonged economic slump aggravated by the recent collapse of a South Korean conglomerate,
      AFP  -  272 words
    • Article, Illustration
      Media kings battle over Optus Vision
      653 8  -  SYDNEY Ry\ Peter Lynch IF AUSTRALIA'S Communications Minister Richard Alston needed an example of the kind of minefield involved in reforming the country's media competition laws, he should look no further than Room 11c at the Supreme Court in Sydney. There, before a bench
      653 words
    • Article
      Lock icon Tankan survey won't be released till April 2
      174 8 TOKYO Bloomberg THE Bank of Japan will release its "tankan" quarterly survey of business sentiment on April 2, the Japanese central bank said. Japan's most widely watched indicator of future business sentiment was- initially scheduled to be released in late February. The
      Bloomberg  -  174 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      277 8 YOUR VIEW OF THE FOREIGN CURRENCY RUES COULD EARN YOU HIGHER YIELDS Introducing Dual Cvmacy Deposit I MJ an enhanced yield deposit. USD 4.900% 10.50% NZD 7.375% 11.00% mfl#estpac introduces Dual Currency Deposit 7 i (DCD), a short-term investment scheme for Minimum deposit is 100,000. those familiar with exchange rates
      277 words
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  • THE WORLD
    • Article
      Lock icon Greenspan unsure of stock outlook but still frets
      484 9 WASHINGTON Fed chief denies he is trying to talk stock market down Reuter FEDERAL Reserve chairman Alan Greenspan acknowledged yesterday that he was unsure where the stock market was headed but he did not back away from recent remarks suggesting that prices
      Reuter  -  484 words
    • Article, Illustration
      Lock icon The Tories are pulling no punches
      95 9 [LONDON] Although a general election date has still to be announced, the gloves are very much off already in the battle for votes as this unveiling verifies. The ruling Conservative Party chairman, Brian Mawhinney (right), and Treasury Secretary William Waldegrave, two key figures in
      REUTER  -  95 words
    • Article
      Lock icon US firms complain trade sanctions don't work
      228 9 WASHINGTON AFP US MANUFACTURERS on Tuesday dismissed Washington's use of economic sanctions as a flawed policy that costs domestic jobs and fails to affect the behaviour of the targeted countries. "Unilateral sanctions are little more than postage stamps we use to send messages
      AFP  -  228 words
    • Article
      Lock icon US home completions fall 9.9%
      344 9 WASHINGTON Annual rate of 1.32 m in Jan the lowest since Feb 1996 Bloomberg THE number of homes on which construction was completed in January fell 9.9 per cent from the previous month, the Commerce Department reported. Housing completions dropped to a seasonally adjusted annual
      Bloomberg  -  344 words
    • Article
      Lock icon Clinton airs concern over human cloning bans funds
      413 9 WASHINGTON Reuter US PRESIDENT Bill Clinton on Tuesday banned federally funded human cloning and asked private scientists voluntarily to enact a similar moratorium while government advisers review the ethically troublesome issue. The ban is broader than the prohibition on US-funded human embryo
      Reuter  -  413 words
    • Article
      Lock icon CPI overstates inflation, fix it: Fed chief
      526 9 WASHINGTON Adjusting the index could save billions, help balance budget NYT FEDERAL Reserve chairman Alan Greenspan told US lawmakers the consumer price index overstates inflation by as much as one-and a-half percentage points a year and called for a commission to recommend changes
      NYT  -  526 words
    • Article
      Lock icon US balanced budget blocked by one Senate vote
      332 9 WASHINGTON Reuter US SENATE Republicans failed on Tuesday by one vote to win passage of a balanced budget amendment to the US Constitution, onefcf their key political goals, handing President Bill Clinton and his Democrats an important victory. Mr Clinton said he
      Reuter  -  332 words
    • Article
      Lock icon MIT-related persons founded 4,000 firms
      200 9 CAMBRIDGE, Massachusetts Bloomberg INDIVIDUALS affiliated with the Massachusetts Institute of Technology have founded 4.000 companies with US$232 billion (Ss33o billion) in worldwide sales, a study by Bank of Boston Corp and the university said. The firms employ 1.1 million people, with 80 per cent of
      Bloomberg  -  200 words
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  • EDITORIAL & OPINION
    • Article, Illustration
      Don't let Dolly scare bill our scientific spirit
      812 10  -  THE BOTTOM LOVE OPINION By Leon Hadar The writer is BT's Washington correspondent US Vice-President A 1 Gore has been under attack for using his office to seek campaign contributions for the Democratic Party, including participating in a fund-raising event in a
      812 words
    • Article
      IN OTHER WORDS
      124 10 'It hasn't happened to me yet, but you live in hope. I'm told a lot of sex does go on in Oxford libraries.' -Alex Potts Oxford student after undergraduates at Exeter College voted on a motion banning sexual intercourse in the college library between three and eight
      124 words
    • Article
      Sharpening Singapore's trade edge
      628 10 EDITORIAL THE REPORT on boosting Singapore's trade competitiveness prepared by the 23-member Committee on International Trade (COIT) the preliminary findings of which were released recently —is the sort of forward-looking introspection that is both useful and timely. The so-called COIT report, which was the brainchild of
      628 words
    • Article, Illustration
      Lock icon Shut up, Greenspan, you can't call Dow tune
      968 10  -  US Fed chairman plays high-risk game in trying to talk market down slowly By James Glassman James Classman writes regularly on financial affairs for The Washington Post LAT-WP WITH all due respect, would Alan Greenspan please shut up? In his nine-and-a-half years
      LAT-WP; REUTER  -  968 words
    • Article
      WHAT THE OTHERS SAY
      795 10 U* membership for Palestine SURELY the time has come for the Palestinian leadership to drop the veil to affirm that the state of Palestine exists on the soil of Palestine and apply to upgrade Palestine's status at the United Nations from observer to member state. At
      795 words
  • Page 10 Miscellaneous
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      Page 11 Advertisements Column 1
      192 11 Where to wine, dine and entertain i Fresh fish is flown all the way down from Norway three times a week...and after our Chef's performed the necessary magic, we don't stop to ash people what they think of j our Salmon, because that would he fishing, i A ANA HOTEL
      192 words
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      Page 11 Advertisements Column 2
      90 11 /ufldf I coffee lounge CONNOISSEURS RENDEZVOUS IV 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 "Cuppa". Mi
      90 words
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      Page 11 Advertisements Column 3
      145 11 I "Let's Dine At The Pool Terrace Restaurant..." Dining at the Royal Holiday Inn Crowne Plaza takea on a decidedly relaxed tone. Any time of the day, all day, everyday... With an enticing breakfast menu, an excellent dinner menu offering seafood and steaks, and an all-day selection of choice snacks.
      145 words
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      Page 11 Advertisements Column 4
      158 11 SINGAPORE BUSINESS Giving you the winning edge ROAST BFFF II PERFECTION Step 1 Step 2 Marinate into the finest prime 6ccf st*» 3 Tenderly roast till f off en 6rott/n Step 4 Serve with a szde safaef Ex peri en ce gastronomic perfection, for only S$ 28.00+++ per serving at
      158 words
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      Page 11 Advertisements Column 5
      88 11 Bestl Dian Xin Restaurant At The Neptune on Shenton Way Dian Xin/Lunch 11 r-~\ ,<-i j 11.30am-2.30pm MptUM 7TH FLOOR. OVERSEAS UNION MOUSE. COtLYER OUAY. SINGAPORE *****). TEL. 224 3922 I I 111QB1 Executive buffet lunch with over 30 dishes from oysters to roasts Features weekly specialities 12 noon to
      88 words
  • Page 11 Miscellaneous
    • Miscellaneous
      Page 11 Miscellaneous Column 1
      811 11 TV&RADIO frakn IXOO AM The Outer Limits 7.00 Vangalen Samaikkalam. Unnatural Selection. 7.30 Tamil Seithi. 2.30 PM The Winners. L4O In Living Color. 830 Berita 12. —-y j*-°° Money, Money, Money. 230 Roots: The Next Genera- 830 Festival Filem ICI Dulux: 2? e rtyAsiaW tion Layar 12 Cinta Rosevil- J*r
      811 words
    • Miscellaneous
      Page 11 Miscellaneous Column 2
      281 11 CRYPTIC CROSSWORD Inform in a whimsical IV-—JV--JHL-— speech (8) ill FI i I 9 Foreign money is a nuisance mi ■HT'iHi no on 10 Sediment is disturbed by lieutenant (4) I 111 1 I 11 Reasonable excuse to go to feH Hi place of entertainment (10) Ineffective person makes fortune,
      281 words
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  • EXECUTIVE LIFESTYLE
    • Article, Illustration
      Lock icon Reel life at the concert hall
      479 12 The story of pianist David Helfgott's troubled life adds shine to his sellout US tour AP David Helfgott, the Australian pianist whose troubled life is depicted in the film Shine, began his US concert tour at Symphony Hall in Boston on Tuesday to the
      AP; FILE PHOTO  -  479 words
    • Article
      Lock icon Stars excite French restaurants
      395 12 FOOD France's Michelin awards 5 stars to a chef for the first time NYT [PARIS] Some things never change in France, but the red Michelin Guide to restaurants and hotels is not one of them. Each spring it gives and takes away coveted star ratings of
      NYT  -  395 words
    • Article
      Lock icon Smokers defying Toronto's tough new law
      332 12 HEALTH Ban, which took effect on Monday, covers all bars, restaurants Reuter [TORONTO] Canada's largest city has enacted one of North America's toughest anti-smok-ing laws, barring even movie star and cigar aficionado Demi Moore from lighting up at a trendy new restaurant. At a
      Reuter  -  332 words
    • CHATTER BOX
      • Article
        Lock icon Reagans' 45th anniversary
        136 12 Reuter [LOS ANGELES] Former president Ronald Reagan and his wife Nancy celebrated their 45th wedding anniversary on Tuesday. Reagan, 86 and suffering from Alzheimer's Disease, was at his Century City office during the day, his spokeswoman Joanne Drake said. "The president is eager to get home" for
        Reuter  -  136 words
      • Article, Illustration
        Lock icon From Home Alone to homeless?
        119 12 Reuter (NEW YORKJ A New York judge on Tuesday took control of child actor Macaulay Culkin's finances away from his parents, saying the accounts are in such bad shape that the Home Alone star might be left homeless. Culkin's parents have been in a bitter
        Reuter  -  119 words
      • Article
        Lock icon Ellen's gay realisation
        118 12 NYT [NEW YORK] Ellen Morgan, the character played by Ellen DeGeneres on the ABC comedy Ellen, will discover that she is gay in an episode being filmed this week for broadcast on April 30, the network announced on Monday. The show's creative team first disclosed the idea
        NYT  -  118 words
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      57 12 HOMEaEOSRI m hew Latest colour Q pz Versatile A splash of iO/l Great IP\P\ schemes C-\J tables at $39 IO I boldness sofa beds lUU fek' Bill *4M tK'lijTTiTia Jll 3 GET IT NOW! Times the Bookshops NTUC Supermarkets Kinokuniya 7-Eleven MPH flt STOP PRESS kiosks Cold Storage Shell Esso
      57 words
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      Page 12 Advertisements Column 2
      28 12 ea™ If you have found something, you can advertise for free in Classification 821 (Found) to seek its owner. Call C .A.T.S. at 1800-737-1166. t Another Classified Service
      28 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      160 12 THE WEATHER Shippwa Fair in the morning and early afternoon. Showers with thunder are expected in the late afternoon. Temperature (33-23) m/Lo* Cond. torti HVLo* Good. dee— -OK to (V*Kh Atom IMB Ctadv j'!"/ ol WW (louiK RwwdAim 25/17 Sunm Shown 12/ M Showers (trag) »*1 Ctacfc 2£L an <Wh
      160 words
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  • COMPANIES & MARKETS
    • Article
      IPC up 5% on news of stake sale to Sungwoo group
      271 13 [SINGAPORE] The IPC Corp stock rose almost 5 per cent yesterday to 54.5 cents on news of a $39.6 million share sale to a South Korean conglomerate. Volume traded was a hefty 6.2 million shares. The stock hit an
      271 words
    • Article, Illustration
      Lock icon Landmarks, KL in talks on Gallop site
      354 13  -  Move to acquire half of Malaysian high commissioner's disused residence may involve swap deal By, Jenny Lam [SINGAPORE] Malaysian property group Landmarks Bhd is negotiating with Malaysia's Economic Planning Unit of the Prime Minister's Office to acquire half of the Malaysian high commissioner's
      ARTHUR LEE  -  354 words
    • Article
      IPC boss fleet-footed
      382 13  -  HOCK LOCK SIEW t»y Lee Han Shih AY what you will of IPC chairman Patrick Ngiam, but you cannot deny that he moves fast. Really fast. On Jan 31, IPC's South Korean subsidiary defaulted on major loans and dragged the group's reputation down into the mud. Korea
      382 words
    • Article
      Yahaya's successor
      488 13  -  by Ven Sreenivasan THE big question sparked by the sudden death of Yahaya Ahmad is: Who will fill the void at the helm of the Ms 29 billion (5516.7 billion) DRB-Hi-com empire? Within hours of the helicopter crash in Pahang on Tuesday, which caused his tragic death, Kuala
      488 words
    • Article
      Boulevard Hotel price lowered to $450m
      294 13  -  New price due to lower plot ratio; HPL now a hot contender By, Jenny Lam [SINGAPORE] The proposed sale of the Boulevard Hotel has taken a new twist. Its owner, listed Hotel Malaysia Ltd, has lowered its asking price to $450 million while a
      294 words
    • Article
      Lock icon Keppel to bid for 49b peso rail project
      247 13 AFX-Asia [MANILA] Singapore-listed Keppel Corporation said it will bid for the 49.4 billion peso (552.67 billion) project to upgrade railway facilities linking Manila to northern Luzon, Board of Investments director Marita Jimenez said. The project, which will be carried out under the
      AFX-Asia  -  247 words
    • Article
      Soft launch of YHS' house project
      192 13 [SINGAPORE] Yeo Hiap Seng Ltd (YHS) will soft launch Tiv--011 Gardens, its 99-year leasehold landed development in district 19, today. Units in the project are said to be priced between 551.38 million and Ss2 million depending on the size before a 12 per cent
      192 words
    • REGIONAL COMPANIES
      • Article, Illustration
        Lock icon Sime S'pore seen posting best result in 6 years
        415 14  -  Better BMW sales, profits from Amston devt coold see trebling of full-year earnings By' Christopher Tan [SINGAPORE] Property and motor company Sime Singapore could turn in its best performance in six years, with net earnings possibly trebling for the full-year ending
        FILE PHOTO  -  415 words
      • Article, Illustration
        Omni debuts with 69% premium
        549 14  -  Eng Kong launches offer of 20m shares at 56 cents each By. By Annette Pau and Clarissa Tan [SINGAPORE] Omni Industries yesterday continued the fine run put up by initial public offers on their debut day, closing at 76 cents for a premium of 69
        549 words
      • Article
        Lock icon RAM sticks to credit ratings of DRB-Hicom group
        337 14 Reuter [KUALA LUMPUR] Rating Agency Malaysia Bhd (RAM) said yesterday that there were no changes to the assigned credit ratings of the DRB-Hi-com group following the death of its chairman. In a statement, RAM said there are currently five companies under the
        Reuter  -  337 words
      • Article
        Lock icon Metroplex to swap stake in hotel
        124 14 Bloomberg [MANILA] Malaysia's Metroplex Bhd said it will exchange a 25 per cent stake in a Philippine hotel for shares in Sinophil Corp in a transaction valued at 3.38 billion pesos (SslB3 million). Metroplex, a Kuala Lum-pur-based investment holding company, said it will inject
        Bloomberg  -  124 words
      • Article
        Lock icon DRB firms' shares may fall: analysts
        363 14 Sentiment expected to be hit by Yahaya's death Bloomberg [KUALA LUMPUR] Shares of Malaysia's Diversified Resources Bhd group of companies, constituting 5 per cent of the benchmark stock index, will likely to fall when they resume trading after its chairman and top stockholder died,
        Bloomberg  -  363 words
      • Article
        STSE profit rises 13% to $43.27m on higher turnover
        419 14  -  59% turnover jump helps cushion fall in profit margins I in i Conrad Raj [SINGAPORE! A surge in turnover helped Singapore Technologies Shipbuilding Engineering post a 13 per cent rise in earnings to $43.27 million despite falling profit margins for the
        419 words
      • COMPANY Briefs
        • Article
          Reminder on Tri-M offer deadline
          75 14 [SINGAPORE] Surreyville Pte Ltd has received acceptances for 939,370 shares in its conditional offer for Tri-M Technologies. Together with the 13,980,143 shares it already owns, the total number forms 49.73 per cent of Tri-M's capital. HSBC Investment Asia, on behalf of Surreyville, said if the
          75 words
        • Article
          Lock icon Nestle pre-tax profit up 5%
          71 14 Bernama [KUALA LUMPUR] Nestle (M) Bhd recorded a group pre-tax profit of M 5237.07 million (*****.58 million) for the year ended Dec 31,4.9 per cent higher than the previous year. Turnover was up 11.9 per cent to M 51.85 billion. Despite higher raw material prices
          Bernama  -  71 words
        • Article
          Lock icon Lippo Securities profit nearly trebles
          50 14 Bloomberg [JAKARTA] PT Lippo Securities, Indonesia's only listed brokerage, has posted 1996 net profit of 40.4 billion rupiah (Ss24 million), nearly three times the 14.1 billion rupiah made in 1995. The value of trading at the brokerage more than quadrupled to 10.59 trillion rupiah. Bloomberg
          Bloomberg  -  50 words
      • Article
        Corrections and clarifications
        83 14 In Company Briefs yesterday, we said that Jardine Matheson Holdings, a unit of JIB Group pic, reported a 29 per cent rise in pre-tax profit to £27.5 million (Ss63 million) for last year. It was incorrect. The earnings were those of JIB Group pic. which struck a
        83 words
    • REGIONAL/INTERNATIONAL COMPANIES
      • COMPANY Briefs
        • Article
          Lock icon UK port operator's pre-tax up 5.8%
          92 15 Reuter [LONDON] Britain's biggest port operator, Associated British Ports pic, saw its shares sink lower yesterday after reporting annual profits which foiled to match market expectations. Pre-tax profits for the year to Dec 31 rose 5.8 per cent to £93.5 million (Ss2ls million) after
          Reuter  -  92 words
        • Article
          Lock icon Posco earnings decline 25.7%
          79 15 Reuter [SEOUL] Falling product prices and currency conversion losses hit earnings at Pohang Iron and Steel (Posco). Its after-tax proAt declined 25.7 per cent to 623.96 billion won (*****.3 million) in calendar 1996 from 839.71 billion won a year earlier. Sales amounted to 8.45 trillion won
          Reuter  -  79 words
        • Article
          Lock icon BAT brushes aside litigation fears
          68 15 AFP [LONDON] British-based financial and tobacco conglomerate BAT yesterday said that annual pre-tax profits had risen by 5 per cent in 1996t0 £2.495 billion (555.7 billion). The company said it did not expect to face financial liability from US tobacco litigation. There was an exceptional
          AFP  -  68 words
        • Article
          Lock icon James Hardie to sell PVC pipe unit
          109 15 Bloomberg [SYDNEY] James Hardle Industries Ltd, an Australian building materials supplier, is seeking to sell Its Australian PVC pipe-making business for up to As2oo million (***** million) to a foreign buyer, The Sydney Morning Herald reported. Two European companies have expressed an interest
          Bloomberg  -  109 words
      • Article
        Lock icon Vietnam to fine Peregrine unit US$100,000: official
        331 15 flrnnpany anH affjliataa violated their AFP [HANOl] The Ho Chi Minh City People's Committee has recommended fining Peregrine Capital Vietnam (PCV) and its affiliates US$lOO,OOO (*****,000) for violations of their representative business licences, a government official said yesterday. PCV was notified by the
        AFP  -  331 words
      • Article
        Lock icon Sears recalls water filter cartridges
        169 15 Reuter [HOFFMAN ESTATES, Illinois] Sears, Roebuck Co is recalling about 14,000 Sears water filter cartridges used to filter drinking water because of possible nickel chloride contamination. Sears said on Tuesday it was cooperating with the US Consumer Product Safety Commission and Ecodyne Water Systems, the
        Reuter  -  169 words
      • Article, Illustration
        Lock icon Samsung Group to invest in non-memory chips
        372 15 Group on veils seven trillion won plan to make its mark in logic chips Bloomberg AFP [SEOUL] The Samsung Group. South Korea's largest industrial group, said it will invest seven trillion won (5511.5 billion) in non-memory semiconductors over the next five years. The
        Bloomberg; AFP; Source: Bloomberg  -  372 words
      • Article
        Lock icon Barney's creditors reject Dickson offer
        312 15 HE retailer's offer of USs24om last week too low, they say Bloomberg [NEW YORKJ Barney's Inc's creditors rejected as too low a US$24O million (Ss34l million) takeover bid from Hongkong retailer Dickson Concepts International Ltd. The creditors committee was responding to Dickson's offer last week
        Bloomberg  -  312 words
      • Article, Illustration
        Lock icon Noodles makers of the world unite
        60 15 [TOKYO] Bill Douglas, vice-president of US foods giant Campbell Soup, listening to the announcement of the establishment of the International Ramen (oriental noodles) Manufacturers Association afler the first Ramen summit meeting at a Tokyo hotel yesterday Instant noodles were invented in Japan in 1958
        AFP  -  60 words
      • Article
        Lock icon Sega shares fall on news of Saturn shipment cut
        357 15 Concern firm will fall behind Sony, Nintendo in software sales Bloomberg [TOKYO] Sega Enterprises Ltd shares fell 3.6 per cent after a report it will reduce monthly shipments of its most advanced home video game machine to a third the level
        Bloomberg  -  357 words
      • Article
        Idris in talks to inject Sabah timber concession into Aokam
        257 15  -  From Eddie Toh in Kuala Lumpur IDRIS Hydraulic is expected to inject its timber concessions in Sabah into beleaguered Aokam Perdana as part of a bigger corporate exercise which could result in a change of ownership at Aokam. Idris yesterday
        257 words
    • INTERNATIONAL COMPANIES
      • Article, Illustration
        Lock icon Microsoft execs concerned about sales expectations
        351 16 No major product upgrades on cards but five-year outlook bright: treasurer Bloomberg Reuter [SEATTLE] Microsoft Corp executives are concerned that the software maker will have trouble meeting expectations for sales growth in coming quarters because of fewer new products, treasurer Greg Maffei said. "We're
        Bloomberg; Reuter; Source: Bloomberg  -  351 words
      • Article
        Lock icon MTV, Paramount boost Viacom results
        159 16 Reuter [NEW YORK) Viacom Inc said on Tuesday its fourth quarter results were helped by growth at its MTV Networks and Paramount units. Networks and broadcasting revenues increased 23 per cent to US$7O3 million (Ssl billion) while operating profit for the sector increased 40 per
        Reuter  -  159 words
      • Article
        Lock icon Daimler expects '96 profit of at least 2b marks
        380 16 Clearest signal so far that group is recovering well FT [FRANKFURT] Daimler Benz, the German industrial group, expects 1996 profits of at least two billion marks (Ssl.7 billion), well above market forecasts. Eckhard Cordes, Daimler board member responsible for corporate development,
        FT  -  380 words
      • Article, Illustration
        Lock icon ITT ropes in Morgan Stanley to fend off Hilton's takeover bid
        418 16 Bloomberg [NEW YORK] ITT Corp hired Morgan Stanley to help defend the entertainment company against Hilton Hotels Corp's US$lO.5 billion (5514.9 billion) hostile takeover bid, the investment bank said. Morgan Stanley joins Lazard Freres Co and Goldman Sachs Co,
        Bloomberg  -  418 words
      • Article
        Lock icon Credit Suisse reports 2.6b franc loss; sees brighter year ahead
        306 16 Reuter [ZURICH] Credit Suisse Group said yesterday it plunged to a 19% net loss of 2.59 billion Swiss francs (552.49 billion) due to extraordinary charges of 5.4 billion francs for restructuring and providing for bad loans. But based on what
        Reuter  -  306 words
    • FINANCE & COMMODITIES
      • Article, Illustration
        Lock icon Paribas plans US$1b investments in Asia
        639 17  -  It will use own capital and wants 20% of its portfolio in Asia by 2000 By* Conrad Raj [SINGAPORE] France's Groupe Paribas plans to invest over US$l billion (551.42 billion) in Asian companies and projects over the next three years through its Hong-kong-based Paribas
        Source:; ALLAN  -  639 words
      • Article
        Lock icon ANZ Bank to cut 700 workers from its Esanda unit
        315 17 Bloomberg [MELBOURNE] Australia and New Zealand Banking Group Ltd chief executive officer Don Mercer said the bank will cut 700 workers from its Esanda finance company. Mr Mercer said the 40 per cent staff reduction will be over "about a
        Bloomberg  -  315 words
      • Article
        Lock icon Taipei to lift ban on local trading of offshore futures
        493 17 Simex seen to benefit most when the ban goes from April Reuter [SINGAPORE] Singapore's futures exchange is likely to be the main beneficiary of a move by Taiwanese authorities to allow local trading of offshore stock-index futures, traders said yesterday.
        Reuter  -  493 words
      • Article
        Lock icon Asia buying to offset European central bank sales: gold council
        371 17 Asia has 9% of gold reserves, but 41% of foreign currency Bridge News [KALGOORLIE, Australia] Gold purchases by Asian central banks are likely to offset further sales by European banks over the next several years, according to the World Gold
        Bridge News  -  371 words
      • Article
        Lock icon Euroyen unmoved by Nikkei's fall
        217 17 SSMEXReport Reuter (SINGAPORE) Simex Euroyen futures failed to gain ground despite the Nikkei's weakness yesterday as comments by a Japanese official triggered uncertainty about domestic interest rates. Chief government spokesman Seiroku Kajiyama told a parliamentary budget committee that Japan needed to consider measures to deal
        Reuter  -  217 words
      • Article
        Cash market helps futures close higher
        194 17  -  MSCI TAIWAN FOTUBES -By By Perry Gilbert Gilbert, vice-president, Refco Singapore Pte Ltd [SINGAPORE] The Simex MSCI Taiwan futures moved higher yesterday in response to the gain in the cash index, which closed at its highest level in almost seven years at 8,019.46, up
        194 words
      • Article
        Lock icon Occidental wins dispute with Indians
        191 17 ENERGY REPORT Reuter [BOGOTA] Occidental Petroleum Corp has won a dispute with a small indigenous community in northeast Colombia that had sought to prevent the multinational oil giant from exploring its land for crude, authorities said yesterday. Mines and Energy Minister Rodrigo Villamizar said that
        Reuter  -  191 words
      • Article
        Lock icon CURRENCY REPORT
        269 17 Reuter AFP I THE US dollar was little changed over-all from morning levels, after having started the day off lower because of a technical correction. Dealers expect the dollar to remain within narrow limits until announcement of German and US unemployment figures, today and tomorrow respectively. The mark
        Reuter; AFP  -  269 words
      • Article, Illustration
        Untitled
        1331 17 nTTBRBAMKOOSSEATBS MarS AS tl —> to r* Dm m Wbm* Vm Wm MS CSNfcts E— SS twi Sir Wft >M* Nwi W$ Antrala LOTS 6.171 0491 4534 1444 4402 ***** *.191 0.9® 4419 1944 IH9 ********** 1121 1502 IKS ***** ***** 0.4(7 1704 CanaOa 0.930 4.077 0443 4217 1250 5457
        1,331 words
    • Article
      COMMODITY PRICES
      1786 19 PgOM FUTUKBS Mar 5 MWKf (Mures dosh« h at $JO»n) ISS1 C0*TRACT(S ctntsAg) Close Vofcmt Optn Month High Low Sttt (tows) Interest **97 I 173.25 325 May 97 175.00 975 J<* 97 176.00 825 Jui/Stp 97 177.75 5085 Oct/Dtc 97 179.25 3750 JwAUr 96 180.00 750 RSS 3
      1,786 words
    • Article
      WORLD STOCK MARKETS
      2381 19 LONDON Industrials Iters it AB Ports 306 -12.400 Abbey National 765 5 AHied Domecq 445 7.600 Amec 123.400 2.400 Asda Group 110.400 -1 BAT Ind 530 19.400 BC Pic 173.400 .400 BtCC 271.400 -8 BOC Group 1017 -2 BR Petroleum 692.400 5 BTR 252.400 -3 Bank of
      2,381 words
    • Article
      Lock icon TOKYO
      1671 19 Reuter Q Nikkei 225 -29L27 STOCKS ended sharply lower yesterday as unravelling of arbitrage-linked positions took their toll on cash stocks, brokers said. The 225-share Nikkei Average was down 291.27 points, or 1.8 per cent, at 18,273.51. Its March futures lost 280 at 18,300. "Uncertainties over what state the
      Reuter  -  1,671 words
    • Article, Illustration
      Lock icon HONGKONG
      1635 20 AFX-Asia -39.32 SHARE prices closed lower yesterday, led by profit taking in property stocks exacerbated by concern that property prices have peaked and the US may raise interest rates soon er than previously expected. Dealers said the market found support from speculative trade in Hongkong Telecom and gains in
      AFX-Asia  -  1,635 words
    • Article, Illustration
      Lock icon CHINA
      641 20 Reuter n Shenzhen B Index -0.08 THE Shenzhen A share market closed sharply lower yesterday with investor confidence dented by an investigation into a major listed company suspected of accounting irregularities. The A Index slid 9.01 points, or 2.3 per cent, to 391.26 on turnover of 7.91 billion yuan.
      Reuter; Source: Credit Lyonnsis Securities(Asia) Ltd  -  641 words
    • Article
      Lock icon TAIPEI
      406 20 AFP Qwpiifcx *tum SHARE prices advanced 0.8 per cent to their highest closing level in almost seven years yesterday as investors increased shareholdings. "Foreign and local investors increased their shareholdings as a result of general bullish outlook of the market," said a trader. The TSE Weighted Price Index gained
      AFP  -  406 words
    • Article
      Lock icon WELLINGTON
      273 20 Reuter Q Wellington -£32 SHARES eased yesterday after Telecom retraced from early strength to close on its lows. The NZSE-40 Capital Index lost 5.32 points at 2,283.26, with Telecom down one cent at NZ$6.6B. Reuter mrt ks ram AHZ Banking _8.80 0.02 MOO Advantages HMgs 1-26 -0.01 4900 Air
      Reuter  -  273 words
    • Article, Illustration
      Lock icon BANGKOK
      821 20 AFP □SETMn -5J2 SHARE prices fell just 0.7 per cent yesterday as bargainhunting limited the downside amid continuing concerns over the financial sector. Dealers said that while government measures appeared to have calmed investor fears over deposits held by finance companies, selling pressure continued in the sector on concerns
      AFP  -  821 words
    • Article
      Lock icon SEOUL
      411 20 AFP P Composite liiiei -&88 SHARE prices closed lower yesterday with index-linked blue chips put under heavy selling pressure. The Composite Index declined 5.88 points to 674.09. Turnover was 38.8 million shares worth 681.5 billion won. Falls beat risers 444 to 348, with 123 unchanged. Blue chips were mostly
      AFP  -  411 words
    • Article
      Lock icon SYDNEY
      615 20 AFP yiAnONiniriM +OJ SHARE prices made marginal gains yesterday after losses early in the session were reversed in a vigorous afternoon comeback led by a strong futures market. The All Ordinaries Index edged up 0.9 point to 2,433.0. Turnover was 326.9 million shares worth A 5680.1 million. Resource giant
      AFP  -  615 words
    • Article, Illustration
      Lock icon JAKARTA
      734 20 AFP U Composite Index -9.36 SHARE prices closed sharply lower yesterday, on profit-tak-ing amid fears of a hike in US interest rates, dealers said. "If it were the US interest rate story, it would have affected Hongkong, but it didn't. What we have is just a nervous market," a
      AFP  -  734 words
    • Article
      Lock icon MANILA
      346 20 AFP Q Manila -1052 STOCKS fell yesterday amid investor uncertainty over the direction of US interest rates. The PSE Composite Index lost 10.52 points to 3,292.30. Turnover was 19.3 billion shares worth 4.4 billion pesos. News of a lower 4.4 per cent inflation rate for February and a 100
      AFP  -  346 words
    • KUALA LUMPUR STOCK MARKET
      • Article
        Untitled
        8397 21 INDUSTRIALS Consumer products '**7 Last Vol Day Net Cap Hlflll Low Company Sal* OOO Hiqh Low P/E Smil 790 680 Ajinomoto 730 5 13 730 715 55.7 295 9 448 334 Anqkasa 4'8 unch 343 422 410 12 4 6'6 3 905 7SO Apollo Food Hlq 805 25 17 805
        8,397 words
      • Article, Illustration
        Lock icon Prices rise on late bargain hunting
        327 21 AFX-Asia Composite Index +5.05 SHARK prices yesterday closed higher, off early lows as late bargain hunting took the edge off recent declines. Dealers said the market has adjusted to the news of the death of DRB Hicom chairman Yahaya Ahmad. The KLSK Composite Index
        AFX-Asia  -  327 words
      • Article
        Untitled
        279 21 u» Pown unch Consumer prd 28 13 tl Ind pro 50 19 16 Construction 13 6 4 Tradinq/Svc 29 23 17 tnfrastru 0 I 1 Finance 34 21 10 Hotel S 0 1 Property 44 10 10 Plantation 19 7 9 Mining 6 I I Trust 3 0 0 Loan
        279 words
    • WARRANTS&OPTIONS
      • Article
        Untitled
        3875 22 BONDS, LOANS ft WARRANTS Last Vol Day Last Oust* Avq High Law Stna Company Sale ♦or- COOO) High Lav Buyer Salter Price 68 47 m 3000 m AMDS cS.5%*****6 61 >3 6 61 55 56 65 62 39 3160 Acer ******1 USS 50 »1 57 50 48 48 5 50.5
        3,875 words
      • Article
        MCB wrt moves too fast, too soon
        225 22  -  WARRANT WATCH R Sivanithy THE speed with which prices move on Clob International can be unnerving to some, while exhilarating to others. Still, if one were to stick to consistent trading rules, any pain can be minimised and one of these rules is
        225 words
    • Article
      CLOB INTERNATIONAL
      2386 22 MALAYSIAN STOCKS Gr Gr 1996/1997 Last Vol Day Lm« Quote Dtv CMv Yld NK M Cap High Law Stno Company Sato OOP) High Law Buyer Utor H Cvf P/t Smll 625 360 ms 5000 AISBSOc 428 *12 91 430 406 428 434 5.0 4.9 0.3 87.7 439.0 137
      2,386 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        1676 23 TURNOVER COOO) VALUE COOO) Main Clot Total Main Cle* Total Industrial 52.586 47,6K> 100,196 99,155 86.865 186.021 Finance 7.336 29.130 36,466 58.521 41.854 100.374 Hotels 1.466 3.560 5.026 4.961 8,146 13.107 Properties 3,551 50,245 53.796 18.773 67.134 85.907 Plantation 2,947 2.947 10.504 10,504 Mininq 2,450 2.450 0.303 8.303 BLV* 6,794
        1,676 words
      • Article
        MAIN BOARD
        5196 23 Or Gr M Wt 1996/1997 LMl Vol Day Last Quote Div Dlv Vld Net Co Av« M,<jh Low St No Company Sal* COOO) High Law Buyer Sallar Cyr P/£ $mll Price INDUSTRIALS 5146 ASENTS***** US 1000 900 1275 ASF USS0.***** US900 885 90.0 214 162 1258 Acer 50c
        5,196 words
      • Article
        SESDAQ
        1202 23 Gr Gr M Wt 1996/1997 Last VI Oay Last Ouote Dtv Dtv VM Nat Cap An Hmi L0« St Ho Company Sat* COOO) Mfh Law Buyer Seller Car P/E Snrw Price SESOAQ 289 135 2000 ABR Hldqs 5c 159 -I 24 160 155 159 160 3.0 14.2 0.1 99.4
        1,202 words
      • Article
        Untitled
        219 24 Slocks VoIuim Omni Ind 10c 33,544,000 •MB! Hldgs 50c 12,679,000 'Vnsted Wt 9,605,000 •insas Shd 8.411.000 FKTK Hldqs 20c 8.357.000 •IMFLand Bhd.. 8,352,000 •WCB 50c 7.941,000 •AsiaPacLd 7,358,000 •PJDevWt 7.145,000 *IGB Corpn TSR 7.052,000 Stocks Omni Ind 10c 25,064,285 SIA Foreign 17,855.012 DBS Foreign 16.342.966 OCBC Foreign 13,516,552 *MrisHyd50c 12,838,330
        219 words
      • Article, Illustration
        HOT STOCK
        57 24  -  -bf Teh Hooi Ling PRECISION engineering group Uraco Holdings has seen its shares nearly doubled in the last six months. Yesterday, it ended unchanged at $1.09 on a volume of 259,000 shares, compared with the lOday average of 1.08 million. It appears to have reached the end of
        57 words
      • Article, Illustration
        Sigh of relief for punters as Clob stocks stage recovery
        651 24  -  STOCK MARKET COMMENTARY Dealers see the afternoon rebonnd as technical as caution still reigns amid Wall Street and Thai bourse uncertainties R Sivanithy [SINGAPORE] A decent afternoon rebound on Clob International had punters heaving a collective sigh of relief and
        651 words
      • ON THE GRAPEVINE
        • Article
          Soc-Gen forecasts 13% EPS growth
          129 24 SOC-GEN CROSBY is forecasting an 8 per cent EPS growth for fiscal 1996 against consensus growth of 11 per cent for Singapore-listed companies. It is concerned about earnings of shipyards, shipping companies, conglomerates, hotels and possibly even banks. Soc-Gen says its strategy for March is
          129 words
        • Article
          Take a swing at this
          131 24 FOR computer companies, razor-sharp competition doesn't only refer to selling their products or services. With the media inundated by press releases and invitations to conferences, these companies also have to compete hard just to get into the news. Result: an increasing array of gimmicks. One
          131 words
        • Article
          Big show at Big Apple
          142 24 IF YOU see a flood of orders from foreign fund managers days after May 15, it may well be due to events taking place in the New York Coliseum around that time. From May 15-16, the big guns from South-east Asia's securities industry will gather
          142 words
        • Article
          Who's manning Thai Prime Fund?
          59 24 ONE irate potential investor rang up DBS Asset Management and was told by the telephone operator that "everyone in marketing is at the course". The investor had wanted to make enquiries about the firm's Thai Prime Fund. "Shouldn't they rotate their staff on training courses
          59 words
        • Article
          Pirate pangs
          93 24 THE cat and mouse game between software pirates and the Business Software Alliance (BSA) is acquiring the thrills and spiHs oft prime-time thriller. Last month. BBA members and the police raided the premises of Twister CD-ROM in Bain Street The shopkeepers sensed something amiss, quickly packed the pirated
          93 words
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      43 13 m, I l r MBEaßpj»fe v V Jf ll Jv "Ju m*' 1 J^wSK' HUGO BOSS r, y K m l\f Y^ wB 01-03/04 NGEE ANN CITY TEL: *****33 WaLA 01-61/63 SUNTEC CITY MALL (GALLERIA) TEL: *****55 ISETAN ORCHARD LEVEL 4 TEL: *****85
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      530 14 BUSINESS Xotice TO ADVERTISE CALL TOLL-FREE 1800-741 1883 M THE HIGH COURT OF TH€ REPUBLIC Of SINGAPORE Originating Summons No. 178 ol 1997 IN THE MATTER Of SECTION 210 Of THE COMPAMES ACT (CAP 50) And M THE MATTER Of SENRI ELECTRONICS SINGAPORE PTE LTD (RCB. NO. *****1839R) ADVERTISEMENT OF
      530 words
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      Page 14 Advertisements Column 2
      252 14 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SYNERTEQ PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of the members of the company held at 89, Short Street, #04-15 Golden Wall centre, Singapore *****6 on at 31st January 1997 at 3.30pm,
      252 words
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      Page 14 Advertisements Column 3
      17 14 SHOWER SCREEN Lyndec Designs 845 Gaylang Road #03-55 Tanjong Kalong Complex Tel: 744 7446 744 7147 7416.2;
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      51 15 BiaiMMWlM—■ inn——ll ANNIVERSARY We ve been enjoying a love-hate relationship with our guests for 10 years now. (They love the service. They hate to leave.) THE ORIENT AT SINGAPORE SM The Oriental, Singapore, 5 Raffles Avenue, Marina Square, Singapore 03Q707. Telephone: (05) *****06. Facsimile: (05) 33QQ537. < ThtFfeadinffHoteisofthtfWbrld- A ManJarin
      51 words
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      2293 18 BRITISH ALUMNI (SINGAPORE) /<§£• 11J |K&l|l|| |VM ICKI Promoting cultural, intellectual and social interactions among British graduates Singapore. What is the British Alumni Takashinruya Fitness Club and the Activities lined up for 1997 r n\ u (Singapore)? Club fee include the following: CKXirmet Uub get together tCkfll ua T nat
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      41 21 GET THE BEST IPO FINANCING FROM CITIBANK. FOR ENQUIRIES. PLEASECALL OUR 24-HOUR CITIPHONE BANKING ON (1800) 225-5225. CITIBANK BRANCH H S AT: ONI: SHFNTON WAY 26S ORCHARD ROAD 21 JI'RONG I A S I ST I 3 THE citi NEVER sleeps
      41 words
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      28 22 For real-time stock information, Scall Quickstock on 1900-913-0003 at 30 cents a minute. Stock numbers are available in the stock pages of The Business Times and Lianhe Zaohao.
      28 words
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      125 23 Need cash for any worthwhile purpose? At Hong Leong Finance and Singapore Finance, we give you cash for your shares almost immediately. This is all you have to do: So, why keep your shares tucked away? Use it for a million purposes. Call us Stop by any Hong Leong Finance
      125 words
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      Page 23 Advertisements Column 2
      10 23 Young Parents When you want the best for your children
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      196 24 BUSINESS Notices l() VI>M K NSI (\l I 101 I-lUI I IXIIO-741 INS.* INTERNATIONAL FACTORS (SINGAPORE) LIMITED (Incorporated with limited liability in the Republic of Singapore) 5570,000,000 Floating Rate Notes Due 2002 Pursuant to CONDITION 11 of the Notes, notice is hereby given that, in respect of the Interest Period
      196 words
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      Page 24 Advertisements Column 2
      309 24 IN THC MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THC MATTER OF TAH U TRADE ENTERPRISE PTE LTD (Incorporated In Singapore) (In Velvatery Liquidation) At an Extraordinary General Meeting of Tah LI Trad* Enterprise Pie Ltd duly convanad and held at 69 Short Street,#o9-03,Golden Wall Centra, Singapore *****6
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      Page 24 Advertisements Column 3
      306 24 Standard %t Chartered *****,000,000 Negotiable Floating Rate Singapore Dollar Certificates of Deposit due 6/6/2000 In accordance with the provisions of the abovementioned Certificates of Deposit, notice is hereby given that for the Interest Period from 6 March 1997 inclusive to 6 June 1997 exclusive the Interest Rate applicable to the
      306 words
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      Page 24 Advertisements Column 4
      7 24 Singapore Business Giving you the winning edge
      7 words
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      Page 24 Advertisements Column 5
      96 24 THE STRAITS TIMES CLASSIFIED YOUR GUIDE TO MORE PRODUCTS SERVICES I CAT A Rising Occasion '''nifcr lliVi iifhfr AiLu£r-" :.> jr Zt ">*, lylhii i i Official openings Eft anniversaries BP ISO certification ceremonies fx*'r y* iopping-up ceremonies > jPPwy^pj| P A' r These and other corporate milestones present perfect
      96 words
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  • SHIPPING TIMES
    • Article
      Lock icon DULY FREIGHT
      277 25 Reuter CONDITIONS on the freight market remained generally uneasy with few signs of imminent improvement for owners, brokers said. The Atlantic caper scene was described as sluggish and soft for March, although some improvement may be possible in April. Grain trades were said to be steady at best
      Reuter  -  277 words
    • Article
      MARITIME STOCKS
      238 25 g «J> m tbftMm-lxn —=55 5" frwl** ,,104 -002 no fmct frrrtttmtrrt 144 *004 $6 rr*f* UMH—ooos -oos >74 tfmmm a*4 -ou» 2s M San Hup U03 -OOI 124 Wfcimwi—003s -c.cn 3 mcmiawp —NKUO JmlMiw U4 uncn 39 J«r»n«IN»yi4 4.70 -0.05 M l(4MW<C«rp 10-20 -0.20 740 mmims 5.75
      238 words
    • Article
      Pama and Itochu set up box leasing venture
      431 25  -  Gateway Container Intl aims to hire major shipping lines in region as clients By\ Felix Chan [SINGAPORE] Venture capitalist Prudential Asset Management Asia (Pama) as well as Japanese trading company Itochu Corp have set up a joint venture to enter the global
      431 words
    • Article
      Lock icon Taiwan set to open semi-direct shipping to foreign-registered China-owned ships
      228 25 Bridge News [TAIPEI] Taiwan's government yesterday said it will soon likely allow foreign-reg-istered majority-Chinese-owned ships to join semidirect cross-strait shipping service. Taiwan now only lets for-eign-registered ships with less than 50 per cent Chinese ownership to operate cargo shipping across
      Bridge News  -  228 words
    • Article
      Lock icon ICTSI asks for 31% hike in port fees
      206 25 Bloomberg «Mtv< [MANILA] International Container Terminal Services Inc (ICTSI), the largest port operator in the Philippines, has asked regulators to approve an additional increase in fees to cope with higher costs. The company, whose owners include holding company A Soriano Corp, earlier
      Bloomberg  -  206 words
    • Article, Illustration
      Lock icon Former retiree who cannot resist challenge of privatising ANL
      639 25  -  MHiiUmtfE Yong Mei Fong THE 65-year-old shipping veteran who was asked to come out of retirement to head ANL one-and-a-half years ago says with a dead serious expression: "There is nothing worse than having your staff think you are putting yourself
      ARTHUR LEE  -  639 words
    • Article
      9 new categories for Asian Freight Industry Awards
      322 25  -  By] Marcus Hand [SINGAPORE] More awards will be given out at the annual Asian Freight Industry Awards (AFIA) this year, with nine new categories added to last year's list of 28. This year's AFIA ceremony, to be held at the Regent Hotel
      322 words
    • Article
      N American cruise industry posts 6% rise
      161 25 [NEW YORK] The North American cruise industry posted a 6 per cent increase in passengers for 1996, carrying a record 4.656 million cruise vacationers last year, according to Cruise Lines International Association (CLIA), the industry's marketing organisation. According to CLIA, capacity utUisation for
      161 words
    • Article
      Lock icon Japan port workers to stage anti-US strike
      128 25 Reuter [TOKYO] Japanese port workers will stage a 24-hour nationwide strike on March 12 to protest against the US Federal Maritime Commission's (FMC) decision to impose sanctions on Japanese ships calling at US ports, and to seek better labour conditions. Two major unions,
      Reuter  -  128 words
    • PORT Shots
      • Article
        Lock icon Venecuela opens probe into oil spill
        43 25 Bloomberg [CARACAS) Venezuela's Congress hat opened an tmnitlrntlnn into the iplll ofmrii n linn llOflOlw iwltif 4 heavy crude off the nation's north-weetern coast. The Greek-registered Nissos Amorgos started spilling oil lite last week after running aground.—Bloomberg
        Bloomberg  -  43 words
      • Article
        Lock icon Brazil port strike begins
        47 25 Reuter [SAO PAULO] Operators of the key Brazil port of Paranagua have felled to reach an agreement with doofc workers and have confirmed a 73-hour strike that begilet 1200 local time yesterday. Dock workers at Paranagu*|v* demanding a 21 per cent pay rise.—Renter
        Reuter  -  47 words
      • Article
        Lock icon 107 passengers flee leaking ferry
        34 25 DPA [STOCKHOLM] All 107 passengers were evacuated ferry sprang a leak north ofVaxholm, near llm lilniilMi|jT 1 early yesterday morning. The Seawind belongs to thg Finnish-Swedish Silja line. —DPA
        DPA  -  34 words
    • Article, Illustration
      Lock icon Ocean models spell savings
      905 26 MARITIME INDUSTRY: BENEFITING FROM WORLD WEATHER FORECAST NETWORK The Global Ocean Observing System will enable long-term forecasts of ocean currents and storms to be made, helping to reduce accidents at sea and to save billions for the maritime industry Lloyd's List SHIPPING stands to gain billions
      Lloyd's List; FILE PHOTO  -  905 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      274 26 PAGE Eastmal 2 »ct n ECI 5 ANL 3 EES 13 Able 13 Ethiopian 6 Accord 12 Eurohans 6 Ahrenkiel 4 E*ergreen 6 Appenship 5 Astro 3 FL-Bright tl Austral 11 FoongSun 12 Avant 6 Frt World 7 8SA 7 G Link 4
      274 words
    • Article
      SHIPPING GUIDE
      15102 32 THEBUSINESSTIMES thebusinesstimes EXPORT ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Desfn Name Name Number Number SM Desfn Nam* Name Number Number A To BREMERHAVEN (BRV) 2057 Germany To ABIDJAN (ABJ) 2003 ot/oi J0/03 Hanfin trade selene onw 4******24 ivory coast, Cote u
      15,102 words
    • SHIPS IN PORT
      • Article
        CONVENTIONAL WHARVES
        729 39 V«s«t Voy Mo Bfth Arrival Departure Itfmt y*7 rtipii 09 03/0700 Man MM) WIS J02 atoufwl* 04.03/2315 it Fa| Man 0103*7 J01 ttipiii 06.03/0)00 IIM 44(3 0297 J01 *M«B4« 05.03/1600 Emt Ctona 1 J15 MID ill «i 10.03/2300 Fra*ca Sm6 189 J06 Mll»Hl 06.03/0700 in* Ckaar 01 J22
        729 words
      • Article
        CONTAINER SCHEDULES
        1765 39 RECEIVING OF EXPORT FCL CONTAINERS AND La CARGO Bookinq/Balmct Rstls SMp Voy No Etb/Btr Ported Fro* To From Aa*o» OKA 00/800 B 05/800 OV*51 05/1900 a os/noo 04/0459 04/0900 3 04/0700 04/189 04/1400 4 04/1200 04/W59 04/1700 MaHwi 235S OVNOO OS/BOO WW 01/1900 21 05/1700 04/0499 04/0*00 I
        1,765 words
      • Article
        GLOBAL HOLIDAY
        208 39 Mar 17 Australia: Canberra Day. Mar 30 Japan: Vernal Equinox Day. Mar 27 Denmark: Maundy Thursday. Philippines: Maundy Thursday. Mar 28 Australia Good Friday. Canada: Good Friday. Denmark: Good Friday. Hong Kong: Good Friday. Indonesia: Good Friday. Netherlands: Good Friday. New Zealand: Good Friday. Norway: Good Friday. Philippines:
        208 words
      • Article
        COCKETT BUNKER MARKET REPORT
        762 39 THIS report, compiled by Cockett Marine OU 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
      • Article
        VERITAS BUNKER QUALITY REPORT
        444 39 C«rt« 180 Mu 9913 10 16.8 0.0 106 0.08 Ntn Wtor IwMw tat Itmrnm fcfcg No Wow £25 2 0(4 10 %N/M 300 AM 964.5 0.5 12.5 0.06 34 0.02 1Mr J2 380 lta 995.9 19 17.9 0.32 83 0.07 %u/ No Wo»t 635 5 6
        444 words
    • AIR&LAND TRANSPORT NEWS
      • Article
        Lock icon Purchases of new planes to hit US$1 trillion
        517 40 Boeing's forecast for next 20 years based on 4-9% annnal growth in air traffic Bloomberg [SEATTLE] The world's airlines will buy more than 16,160 new jetliners worth about US$l.l trillion (Ssl.s trillion) during the next 20 years, Boeing Co predicted in its
        Bloomberg  -  517 words
      • Article
        Lock icon Highest air travel growth remains in China
        192 40 AFP [HONGKONG] The world's highest air travel growth will continue to be in China over the next 20 years, a Boeing report said yesterday. In a report released here, Boeing Commercial Airplane Group forecast annual worldwide air travel growth of 4.9 per cent,
        AFP  -  192 words
      • Article, Illustration
        Lock icon German car makers off to strong start
        350 40 Mercedes-Benz, VW and BMW report higher int'l sales Reuter IGENEVA] Nearly a million car buyers around the world put their money down on German vehicles during the first two months of 1997, enabling three major German car makers on Tuesday to report robust
        Reuter; REUTER  -  350 words
      • Article
        Lock icon Ford forecasts boom in small cars
        199 40 Reuter [GENEVA] Small car sales in Europe are on the rise and will account for 35 per cent of the market by 2000. Said Ford Motor Co of Europe chairman Jacques Nasser: "Small car sales now account for 32 per cent of sales in
        Reuter  -  199 words
      • Article
        Lock icon Australia shortlists 13 bids for sale of airports
        207 40 Reuter [CANBERRA] Australian Finance Minister John Fahey said yesterday the government had shortlisted 13 bids from six consortia for the first stage of its sale of government airports around the country. "The government has decided to leave 13 individual bids from six
        Reuter  -  207 words
      • Article
        Lock icon Japan rejects US proposal to remove restrictions
        120 40 Bloomberg [WASHINGTON] Japan rejected a proposal by the US government to remove restrictions on flights in Japan, the Nikkei English News wire service reported, without citing sources. The US, in high-level talks in Washington, is asking Japan to give airline companies the freedom
        Bloomberg  -  120 words
      • Article
        Lock icon US air traffic hits record high of 605m passengers in '96
        422 40 Falling air fere prices, economic growth boost traffic Bloomberg [WASHINGTON] Worldwide economic growth and falling air fares pushed US air traffic to record highs in 1996, according to a report released by the Federal Aviation Administration today. An unprecedented
        Bloomberg  -  422 words
      • Article
        Lock icon 4 Fujian airports ready to receive Taiwan flights
        208 40 Reuter [BEIJING] China's eastern province of Fujian is readying four airports in hopes direct flights will begin between the mainland and island rival Taiwan, the China Daily said yesterday. Changle airport in the provincial capital Fuzhou was scheduled to go into operation
        Reuter  -  208 words
      • LOG Book
        • Article
          Lock icon Eu prebes contro of Birmingham airport
          101 40 Reuter [BRUSSELS! The European Commission said on Tuesday m it was starting a routine probe into Aer Riant* and fg| NatWeet Ventures proposed controi of Birmingham International Airport, Britain's fifth largest Under the M terms of the deal, submitted to the Commission for clearance
          Reuter  -  101 words
        • Article
          Lock icon HK aigns air agreement with Myanmar
          42 40 Reuter (HONGKONG] Hongkong signed an air services agreement with Myanmar on Tuesday, a government t spokesman said: The agreement will straddle Hongkong**m reversion to China later this year. The agreement is the 17th signed by Hongkong.-Reuter
          Reuter  -  42 words
        • Article
          Lock icon Astra Int'l gets orders for 20,000 Kijangs
          70 40 Bloomberg [JAKARTAJPT Astra International said it has received purchase orders for 20,000 of its new model Toyota Kijangs, since the model was introduced in mid-January."Toyota's > new Ktyang remains the favourite pick of car buyers," Astra said in its monthly investor update. The
          Bloomberg  -  70 words
        • Article
          Lock icon Morocco's airline buys now B737
          64 40 Reuter (RABAT] Morocco's airline Royal Air Maroc (RAM) purchased a new Boeing 737-500 plane as a part of its ongoing programme to reinforce its fleet a spokeswoman said on Tuesday. "The acquisition of this new airplane aims to renew and modernise RAM's medium distance fleet"
          Reuter  -  64 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1339 40 cmr fllCHT ETA FU6HT ETP S0T71 1420 VH740 1410 MW* $0230 66 0F62 2050 VM743 625 S0I74 148 0T61 1930 Nm|KM« IMMS 0105 UA806 0100 KLI43 0550 KL634 0025 SOI 1M0 CX710 0140 0125 0700 KIHS 2335 CA903 1155 $0660 096 S025 0700 0121 2355 CX7T7
        1,339 words
  • Page 25 Advertisements
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      Page 25 Advertisements Column 1
      19 25 Ocean models spell savings Maritime industry benefits from world weather forecast network. Page 2 MopriMan being carried doe to
      19 words
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      Page 25 Advertisements Column 2
      10 25 4 Fqjbut airports ready to receive Taiwan flights, Back Page
      10 words
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      Page 25 Advertisements Column 3
      191 25 Plane purchases to hit US$l trillion Boeing's forecast based oft 4.9% annual growth in mlf traffic. Back Page D33iKO ISM TRAINING COURSE Due to the great success of the previous courses, Bureau Veritas is scheduling another ISM Training Course to assist owners in understanding "The Code" and preparing their Companies
      191 words
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      673 26 [SINGAPORE CALIFORNIA EXPRESS (DIRECT FROM WEST COAST) 1 IOULf KARACHI EXPRESS (QKX) VBSR VOY OAI VAN SU U SM "vßStt VOT JU MM MM MR COl SM NU TOPAZ S4WSO6 10/02 13/02 13/02 17/02 5/03 DAMMAMMY 10C IS/0J OMT OMT 22/02 27/01 04/03 NffTUM AIfXANDtm 20W507 17/02 20/02 21/02 24/02
      673 words
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      Page 26 Advertisements Column 2
      624 26 Ljnes 4 sefvicss represented by Members of the Registry of Members o« the Accredited Shipping Agents. Singapore Freight Forwarders' S pore National Shipping Assoc Association I -L I sai7//j^ &«mNGTIfjffiSONUNE Just talk to us... Iris Lim 740-2044 Tan Lip Chuan 740-1645 Jarrod Leong 740-2089 Philip Koh 740-2382 EXTORT 3 x
      624 words
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      1074 27 1 PAQfK SOUTH WIST EXPRESS (DIRECT) ALSO ACQPTIHG MANAUS vgsa wf no. g§ awnp iax I dai 1 wm op 1 htc 1 ah hou wot sia ~1 AWMMA 01*1 02/03 05/03 06/03 21/03 2S/03 26/03 20/03 27/03 27/03 26/03 26/03 21/03 mawßtfog oig 10/03 12/03 13/03 2»/oa 01/04 02/04
      1,074 words
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      Page 27 Advertisements Column 2
      2076 27 HANJIN SHIPPING USA CANADA* mm sm sa rax m top cm ctt d« Ipm twi mm oos kyc io» rvt —nfrz —IH —Trrt —Ttk H. TOKYO 02M 05/03 04/03 27/03 29/03 20/03 30/03 30/03 01/04 29/03 01/04 07/0* 01/04 01/04 "woT "w/oT 29/oT "m/oT li*T" IT^~ H. KAOHSWG 0271 12/03
      2,076 words
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      Page 28 Advertisements Column 1
      1637 28 fir DSR-SENA TOR abb Round the World Container Services TO UK/CONTINENT FROM UK/CONTINENT vewa vor %m htm wv nam a» amt I lha I gwa w» ut» mi m» mm m <w aw HMUM BREMEN **713 11 03 31 03 IB M M M 06 M DSD SEKATOB EE7II M
      1,637 words
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      Page 28 Advertisements Column 2
      1219 28 I NORASIA I vessel VOV ism pkll ooa las bcl valalgrot ant fel lha I 525 07/03 21« 2X03 22/03 30A3 31 A3 27/03 28/03 20*3 20/03 I ALEXA 9709-3 13/03 1403 20A3 30U3 24U3 06/D4 0704 Q3/04 04/04 ***** 05.U4 I £19"? IMB 2WO M* 4 06/04 05D4 13/04
      1,219 words
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      Page 28 Advertisements Column 3
      382 28 Direct Container Service to Fangcheng Zhanjiang Vessel S'pore F anecheng Zhanjiang UANBAO 07/03 12/03 14/03 4 4 tt /VOA?TRANS? CONVENTIONAL SERVICE TO THAILAND AND MALAYSIA > m BREAKBULK, RO/RO AND HEAVYUFT ANY WEIGHT^ 4 THAI FLAG STATUS PRIORITY BERTHS I Aria Exprtsi Y.43A SAMP 11-12/03 OH 1/03 < A* Express
      382 words
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      1412 29 VESSEL VOY SIN POU PKO PEN SUR I BA I BIK MANTEYFOUM PJL-1223 18/03/97 30/03/97 28/03/97 MAN TAKHTI PJL-1224 10/03/97 05/03/97 23/03/97 20/03/97 MANQHEVAMAT PJL-1220 28/02/97 10/03/97 IRAN YAMIN PJL-121S 07/03/97 17/03/97 ACCEPTING FULL CONTAINER SHIPMENTS TO INLAND POINTS IN IRAN CIS COUNTRIES I.E. AZARBAIJAN, ARMENIA. KAZAKHSTAN. UZBEKISTAN. TURKMENISTAN. KIRGISTAN.
      1,412 words
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      Page 29 Advertisements Column 2
      1214 29 WHIT TilLMil WIST COAST SOtTI AMKIKA VU MOM XONC CAIIAO 14 BAYS. HNIIOVI 19 MVS, L I J?CTM ImSJfLS 6 SHINTO* WAY 111: 226 1900 FAX: *****08 OUTWARD (l/L) *****02 JOHORE OFFICE- rnHMMMM lU)G SAIiS/IKGS *****41/43 INWARD DEFT (D/ 0) 420S7SS COSTAR AGENCIES (M) SDN BHD 4205A50/55 T/SHMITDEPT *****?5TU: 02-07-35
      1,214 words
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      Page 29 Advertisements Column 3
      397 29 /_/L IPERKAPALAN DAI ZHUN TONG JOO SHIPPING PTE LTD CR NO: **********0 C REGULAR CONTAINERISED SERVICES TEL: (65)535 7793 FAX: (65) 533 2952 KUCMNG-fASTEST TRANSIT/ MUJHA-MUOUTY BERTH HO CHI MIHH+SDICATtD GISOON 9799 09/03 GUOO 9745 08/03 3 GIWI ***** 11/03 APPLE ***** 12/03 GIHENG 9799 10/03 GIHUAT A 5117 16/03
      397 words
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      1269 30 EUROPEAJK/SCANDINAVIA/FINLAHD/RUSSIA ISGP ROM ANW HBG THP ZEE LHV LHV THP ROM ANW HBG PKL S6P I E. ROUND RW-025 08/03 29/W 30/03 01/04 E GROUP Ri-062 00/02 12/02 11/02 13/K 14/02 11/03 12/03 E RESULT RW-012 15/03 OHM 00/04 05/04 07/04 OOAM 00/04 E GALLANT RE-OSO 10/02 10/02 10/02 20/02
      1,269 words
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      Page 30 Advertisements Column 2
      1128 30 lixpont Vissa VOTAGf SGf DUO JOA AM DMN lAH KWT OAO VKSSII VOTAGf DUO JOA AW OMN HI V I UNI CHAT 0446WW IVO3 23/03 23/03 74/03 25/03 24/03 21/03 24/03 UWI COWCftt *****32E 02/03 02/03 03/03 04/03 05/03 17/03 I UMOMMH) 0447 WW 20/03 30/03 31/03 01/04 01/04 04/04
      1,128 words
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      Page 30 Advertisements Column 3
      103 30 SENLIM SHIPPING PTE. LTD. 133, New Bridge Road, #06-09. Chinatown Pant A S pore *****3 Tat *****00 ■■Miß Fax: *****04 Tatex: RS ***** SENUM WfEKLY RfGUUUt SBVKE TO EAST/WEST M'SU (Acceptavg CoMaNn mi (aevwtmMl Corp) «ssa VOT EUSM sau KUOMG PBMNG PJBM6 SJHTOU W 1/3 11/3 12/3 HMUOAH IA/T7 t/3
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      Page 30 Advertisements Column 4
      470 30 NANTAI LINE FUUY CONTAINERISED SERVICE TO MAURITIUS SOUTH AFRICA VESSEL I VOT I SI I PIU I QUI CPT mmvaus Oils 07/03 IS/03 IVO3 23/83 WW 013S 14/03 24/03 21/03 02/04 mmifWKtSS OI3S 25/03 01/04 12/04 ■jjgjOUEßl om 01/04 10/04 IS/04 H/04 HAXTAI rBNG 014S W/04 27/04 24/04 mmvaus om
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      Page 31 Advertisements Column 1
      703 31 m MYANMA VMttk FIVE STAR LINE T" (Myomar Natioaol Um) Loadiag for Yang** (Rangoon) VBSa VOT SM PKG PEN PGU AVA INW SU IBM I3SW 04/03 MALAYSIA AGENTS: MUSIEAD SMPPMG AGCNCKS KUL IE 11-13-*****00 KL TEL 02-03-*****01 KM: TE 02-44-*****42 MO: TE 02-07-*****21/4 BANK LINE (A wcvko of Am*ow Wsk
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      Page 31 Advertisements Column 2
      990 31 A HYUNDAI MERCHANT MARINE CO. UP. WESTBOUND TO EUROPE BKG: *****32 PNA I PH PGO I VBSa VOT j5l I UN WW ANT HAM Mil Ftl 04/43 04/43 M/ 03 NIMRON JOSW 44/43 24/41 27/43 24/43 24/43 24/43 41/ M 13/42 13/42 15/02 NIMPOOR JO4W 14/43 42/44 41/44 4S/M 45/44
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      Page 31 Advertisements Column 3
      64 31 tTM LINER SllirriNCi PTE LTD \VM. A 10 ANSON ROAD, #17-01 INTERNATIONAL PI.AZA. SINGAPORE 0207 X TEL: 22.*****(20 LINES) TELEX: RS ***** LSSHIP V, FAX: *****13 ZMA/A//4A/ BA.HRA.IN JEDDAH KUWAIT Mli ETA SIN MIDDLK EAST TORTS 10/03 WIAI, DAMNAM, KUMUT, MIIRAIN, DOIM, KB UJTI 17/03 *i Y *fu siuwaiuw) WUN,
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      Page 31 Advertisements Column 4
      559 31 FAMOUS CONTAINER LINES JtfSm 80 ROBINSON ROAD. #22-02 SINGAPORE *****8 HOT UNE: *****33 (30 UNES) Twice Sailing To UNITED KINGDOM s> London DIRECT SAILING TO SOUTHAMPTON FELIXSTOWE Please call for FAMOUS MOLLY *****33 1 P. KLANG PH: 0203/*****33 (20 LINES) PENANG PH: 0204/*****7 (10 LINES) J. BAHRU PH: 0207-*****22 CWT
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  • Page 33 Advertisements
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      Page 33 Advertisements Column 1
      47 33 To retrieve more schedules, just follow these simple steps... document mL Q 740^000^^Cr^^ tep Select the port your Stepymi Step key in the four number digit code It ~n Key in your Example: rJ—» fax number To NEW YORK (NYC) 2275] for calls within Singapore United StBtOS
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  • Page 35 Advertisements
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      Page 35 Advertisements Column 1
      453 35 S Weekly LCL FCL MaKjßf—Services to Caribbeon hipping A Central America MABtSK HOUSTON SEA JAK 9704 613E Port Country 02/03 09/03 Belize Cily Belize 05/04 12/04 Bridgetown Barbados 08/04 15/04 Cartagena Colombia 07/04 14/04 Castries St. Lucia 07/04 14/04 Fort de France Martinique 08/04 5/04 Freeport Bahamas 03/04 10/04 Kingston
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      Page 35 Advertisements Column 2
      1255 35 ADVANCE CONTAINER LINES (PTE) LTD y\ I 140 Cecil Street, #12-00, PIL Building, Singapore *****0 TEL: *****21, FAX: *****19. TELEX :RS ***** ACLPL ——CR NO. **********0E BANGKOK JAKARTA (5 Srtllng«/W*« 10 PAT. 3 SHinf to BIT, 2 MtHm to LCH) (4 VESSEL VOY SM VlSStl IVOY SiT" JKT SN LAIAZAR
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      Page 35 Advertisements Column 3
      909 35 **********0Z VESSELS VOY SIN JED PSD [IS HAM w T~SiS VILLE D'AQUARIUS UI9W I<VO3 I*o3 21/03 30(03 31AB 02/04 ra/04 04/04 VH-LE OAQUILA AI9W 17/03 26/03 28/03 06AM QMM OW4 I(HM VIA* VILLE 0E CARINA CI9W 24/ TO 02AM 04AM 13AM 14AM 16AM Twi 18/04 VILLE OE SAGITTA SI9W 31/03
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      Page 36 Advertisements Column 1
      1671 36 I PUL INTERNATIONAL LINE PU^NTERNATKJNAL BANGKOK PT KILANQ »M>fi«*»ii.iii»^r.rf*w*..bnoAEMMß»dM>'*Ol>.»«■■ VESSEL TOY SIN BKK VESSEL VOY SIN PKL 'JtSSSm^ 9^^'' XETHABHUM 191N Thu In Pt Sun 08/03 BUMQA SEROJA 7049 Thu In Pt Frt 07/03 JAKARTA (UTC 1) 4 SIGS/WK RATHABHUM 149N Sat 06/03 Tua 11/03 JAfIU BHUM 730» Sat 08/03
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      Page 36 Advertisements Column 2
      422 36 1 ACCORD A SHIPPING PTE LTD V—S til *****56 (40 Lin*«) FAX: *****46 KtTKUUtC (03) 3****** iv m DIRECT ACCESS TEI: *****57 (EXPORT BOOKING) MSU GUDAMG (07) SSI 1377 *****87 (EXPORT DOC), *****64 (IMPORT) ffiIMMG (04)337 1440 ORtsHTTP;//WWWJkCCORD.COM.SO WUUtTA (11) HO 0779 POKT ITA SIN PONT IT* SIN POUT ITA
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      Page 36 Advertisements Column 3
      154 36 BINTANG MAS SHIPPING PTE. LTD. 36 NEE. ROAO, SINGAPORE 0208 TEL: *****88 FAX; *****64 MmJ TLX R*****6 SINMER CR No: **********0W RecaMng Cargo al PTI I BlntuiuH I Mumrm I vtssa voy sw nu vksb voy mn mua (■tagkhl Y9705f 11-IJ/03 14/03 Hrnwyhk V9705E 10-11/03 15/03 KntagSam V97OH DOCKING Mraytari
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  • Page 37 Advertisements
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      Page 37 Advertisements Column 1
      391 37 OSINO EXPRESS SHIPPING 11 COLLYER QUAY #06-01 THE ARCADE pSINOTRANSI S (*****7). TEL: *****90 FAX: *****98 TLX: R*****1 SINOEX X^i^Z SINOTRANS SHANGHAI (CONTAINER SERVICE) 'VESSEL VOYAGE ETA SIN ETAHKG ETA SHA G. WELL 9706 08/03 13/03 17/03 6. LUCK 9706 14/03 19/03 23/03 0. GLORY 9708 21/03 26/03 30/03 G.
      391 words
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      Page 37 Advertisements Column 2
      458 37 \mjkM MAC-NCLS S'MftE M'SIA I Carrier MN CONTR LINES, INC -K7 VJ CW NO. **********0S SWU: (084) *****9 MAMLA: (632) *****61 PENANG: (04) *****6 BANGKOK: (662) *****67 SURABAYA: (31) *****0 P. KELANG: (03) *****77 JKT: (21) *****07 MOW: (61) *****3 SYDNEY/MELBOURNE MV "OOCL ACCORD 0 V 125 ETA SIN 8-3-97
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      Page 37 Advertisements Column 3
      273 37 IS'pore OCEAN ISLAND 15AK3 Rdm/Atw/UK I IRENE 20/03 25/03 RdnVAtw/Bmn/UK I Indonesia J I Loading for Dubai/ADhabj/BahrairVDamman/Kuwait I AOAMASTOS Hodeidah/JeddalVAqaba/Pt. Sad I CARAVQS EXPLORER Dubai/A Dhabi/Bahrain/DammarVKuwat I A. VERME 2 Hodeidah/Jeddah/Egypt I GLOBAL JANE Dubai/A Dha£>i/BahraiiVD»nman/Kuwaitß •Loads Singapore, E7W. Malaysia, Indonesia I t Loading for 1 KSOY Los Angeles/New OrtearVCharlestorV
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  • Page 38 Advertisements
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      Page 38 Advertisements Column 1
      470 38 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. s-flfip Call 740-6000 Press" 1" key in Document Code "10 Key in
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      Page 38 Advertisements Column 2
      335 38 BWBBfaWB |***** Products^^ervices Turnkey Factory Automation System ,<j> Automated Storage and Retrieval System j.* Automated Guided Vehicle System (AGV) Engineering Services S |8W" i l|Atl i^2k9DU^SZ^9^^MiMMßambu^. n 11 ii Multi-storey warehouse Tuos Avwlw 13 r:i 10,000 square metres currently available (1,800 to 2,000 square metres per floor) Close to PIE/AYE/KJE
      335 words
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  • Page 39 Miscellaneous
    • Miscellaneous
      Page 39 Miscellaneous Column 1
      142 39 —————I—————— +f M 108 A LEGEND: -I R Thunderstorm Temperature o Q X\ O Shower Weather Wind direction with speed in knot* Rom \-s :l Cloudy Sky Wove height Serface winds ore indicoted by arrows which Hy wtth Hie wind m (5 One ful circle represents colm or light and
      142 words
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