The Business Times, 11 March 1993

Microfilm: NL18518
Total Pages: 48
1 48 The Business Times
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  • Title Section
    Masthead
    14 1 Business Times MITA (P) 552/12/92 Thursday March 11 1993 WE KNOW ASIA 75 c
    14 words
  • 2am LATEST
    • Article
      Lock icon US invites Israelis, Arabs for peace talks
      58 1 Reuter WASHINGTON US Secretary of State Warren Christopher yesterday formally invited Arabs and Israelis to resume peace negotiations in Washington on April 20. Brushing aside a threatened Palestinian boycott, he said the Clinton Administration would play a more active role in the talks
      Reuter  -  58 words
    • Article
      Lock icon French proposals for constitutional reform
      71 1 Reuter PARIS The French Cabinet yesterday approved, at the urging of President Francois Mitterrand, a series of proposals for constitutional reform aimed at trimming some of the head of state's powers and reinforcing those of Parliament. But Parliament is unlikely to pass the key change,
      Reuter  -  71 words
  • Article, Illustration
    MARKET SUMMARY
    114 1 Stock market indices Wednesday Change STU 1,667.96 +10.24 KLSE Composite 637.37 +5.58 Nikkei 17,858.63 +10.33 Hang Seng.. 6.488.46 -19.54 SET Index 900.0? +16.36 Jakarta Composite ...311.78 +1.7 CLSA China B 1,525.74 -38.54 Aust All Ord 1,647.5 +13 8 FTSE 100 2,956.7 6 8 Wednesday Previous llam close Dow
    114 words
  • Article
    China companies set for listing on Singapore exchange
    545 1  -  By Conrad Raj SINGAPORE Investors here may soon be able to trade in the shares of mainland Chinese companies when van assembler Brilliance China Automotive Holdings Ltd obtains a secondary listing on the Singapore Stock Exchange. Brilliance China is expected to be
    545 words
  • Article
    Lock icon Patten may delay release of reform package again
    185 1 Knight-Ridder, Reuter HONGKONG Governor Chris Patten is expected to announce a fifth delay in publishing his political reform package, government sources say. A government source said the governor would likely announce that he would again delay publishing his package at a monthly
    Knight-Ridder,; Reuter  -  185 words
  • Article, Illustration
    Manila frees repatriation of stock dividend by foreigners
    330 1  -  From Al Labita in MANILA THE Philippine government has lifted restrictions on the repatriation of dividend income earned by foreigners on stocks. Central bank governor Jose Cuisia said yesterday the move would apply to dividend income on all listed securities. From now
    330 words
  • Article
    Lock icon Clinton: I want to wrap up Gatt trade talks this year
    380 1 Reuter WASHINGTON President Bill Clinton said on Tuesday he wanted to wrap up the longdelayed world trade talks this year but he emphasised that America's allies must do more to help bring that about. His top trade negotiator Mickey
    Reuter  -  380 words
  • Article
    Lock icon Guangdong starts Sino-US high-tech fund
    282 1 Reuter HONGKONG Booming Guangdong province has launched one of the most unabashedly capitalist schemes in 14 years of Chinese market reforms a Sino-US venture capital fund to spin high-tech ideas into high-value products. According to a statement of purpose circulating among Hongkong bankers yesterday, the
    Reuter  -  282 words
  • Article, Illustration
    Lock icon Suharto formally re-elected in simple ceremony
    544 1  -  From Yang Razali Kassim in JAKARTA PRESIDENT Suharto was formally re-elected yesterday to a sixth five-year term in a simple event at the Indonesian People's Consultative Assembly (MPR). Mr Suharto later told legislators who met him for consultations on the vice-presidency that he would
    Reuter  -  544 words
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      156 1 C32TR Cassette Receiver with OSP Sound Processor CO Changer Control FUJITSU TEN AMATEUR PHOTO STORES PTE LTD. Singapore: Phone 235 1333 K«ala lumpur Phone 757 0233 Penang Phone 615 985/619 014 Jakarta: Phone 374 085/380 1472 CONTENTS News 2 9.10.11 Regionit News 3.5.6 Financial 13.14 World News 7.8 Features Mvkitt
      156 words
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      10 1 The Law Page How reliable are tally sheets? Pk 25
      10 words
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      8 1 Hock Lock Siew Sembawang's new ambition Pg 9
      8 words
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      135 1 The Bottom Line r~l 11 mar 1995 fcj Financial markets over-reamal' W't again flacky Tfte Chairman zuasfamed for his szwmming efforts Butfezu knezv that afterzvards he indulged himseCf at the Qrand (Pavilion It's quite true. 'Many chief executives fiave Seen known to induce in the autfientic Cantonese delights of the
      135 words
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      21 1 CERRUTIIBBI SWISS WATCHES Time is on my side Suharto and Try set to take country to a new phase, Pg 4
      21 words
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  • SINGAPORE NEWS
    • Article
      PARLIAMENT BRIEFS
      617 2 ALL MINISTERS and all Peoples Action Party MPs declare their family assets. Prime Minister Goh Chok long said yesterday. The MPs declare their family assets to him while he and his ministers declare theirs to the President, Mr Goh said. He was replying to Nominated MP Chia Shi
      617 words
    • Article
      Flat-upgrading plan revised to suit owner's needs, income
      504 2 Yesterday in Parliament THE flat owner's share of the cost of HDB's upgrading exercise will be revised from between 25 and 35 per cent to 10 and 80 per cent. The actual percentage will depend on the flat size and the choice
      504 words
    • Article
      Removing supply constraints to keep costs low
      408 2  -  Reports by Anna Teo, Schutz Lee,Colin Tan THE Government will contain rising business and living costs by removing supply constraints rather than by artificially keeping prices down. Trade and Industry Minister S Dhanabalan said yesterday. The exception is the supply of labour. The
      408 words
    • Article
      Govt unlikely to set up new organisation to help firms go abroad
      300 2 A NEW government organisation to help loeal enterprises venture abroad is unlikely to be set up. This is beeause the Economic Development Board and the Trade Development Board are eurrently "more than able to support local enterprises going
      300 words
    • Article
      Let's have 8 or more women MPs, says PM
      269 2 PRIME Minister Goh Chok Tong would like to sec at least eight women in Parliament. Eight. Mr Goh said yesterday, was "a convenient 10 per cent of Parliament. If you can do more than that. I'll be very happy." He was
      269 words
    • Article
      Employers willing to pay for higher cost of staff benefits
      238 2 EMPLOYERS expect the cost of staff benefits to rise, but the good news for workers is that more than half of those asked say they are willing to pick up the extra tab. This and other findings were made in
      238 words
    • Article
      Asia has say in product design: EDB chief
      309 2  -  By Claire Leow SINGAPORE and other Asian countries are no longer just choice manufacturing sites. These countries now form a growing market base which will influence the design of products. Economic Development Board chairman Philip Yeo said this yesterday at a forum
      309 words
    • Article
      Tandem shifts Asian HQ from California to Singapore
      201 2 IS MULTINATIONAL corporation landem Computers yesterday moved its Asian headquarters from California to Singapore. "Singapore is already one of I andem's most successful operations and the republic's position at the regional crossroads makes it an ideal site for the firm's Asian headquarters/*
      201 words
    • eye on the ECONOMY
      • Article, Illustration
        Lock icon Rebound expected this year
        291 2  -  By Teh Hooi Ling TOTAL bank loans to industry amounted to 569.1 billion as at Dcccmbcr, a good 8 per ccnt higher than a year ago. For the last four months of 1992, the ycar-on-year growth rates had averaged 9.3 per ccnt. Compared on a month-to-month
        Source: MAS  -  291 words
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  • THE REGION
    • Article
      Lock icon Development woes a threat to Thailand's future: report
      514 3 AFP. Reuter BANGKOK Thailand has achieved great economic growth but with it have come problems that will ruin its development if they are not solved soon. A Bangkok Bank Ltd report, released in an advance copy yesterday, said the key issues are
      AFP.; Reuter  -  514 words
    • Article
      Lock icon Ramos to review ties with US
      113 3 AFP MANILA President Fidel Ramos is to convene his national security advisers next week to review Philippine relations with the United States, its main trading partner. The presidential palace said yesterday that the March 19 National Security Council (NSC) meeting will assess Ma-nila-Washington ties
      AFP  -  113 words
    • Article
      M'sian developer woos Bt Timah factory owners
      347 3  -  By Colin Tan SINGAPORE A Malaysian developer is wooing Singapore factory owners affected by the re-zoning of the Bukit TimahHillview corridor to buy units in his Johor industrial project. Panoramic Industrial Development Sdn Bhd will launch the sale of the final phase of
      347 words
    • Article, Illustration
      Lock icon Tokyo firms urged to invest in Manila
      349 3 Reuter, AFP TOKYO President Fidel Ramos yesterday urged Japanese business leaders to invest more in the Philippines and asked Tokyo to be more generous with aid. Mr Ramos, on the second of a five-day visit to Japan, told business leaders they could be
      Reuter,; AFP  -  349 words
    • Article
      Lock icon KL Senate endorses Bill to end rulers' legal immunity
      312 3 AFP KUALA LUMPUR The Senate yesterday passed constitutional amendments to end the legal immunity enjoyed by Malaysia's hereditary rulers, clearing the way for the changes to become law after 30 days. All 54 senators present at the 58-member Senate's special session
      AFP  -  312 words
    • Article
      Lock icon China-Myanmar border trade flourishes
      316 3 AFP XIAOTONGHAN, ChinaMyanmar border The pagoda in the small Chinese village here has two clocks: one indicating the time in Beijing, while the other tells the hour in the Myanmar capital of Yangon. The village with its wooden houses, nestled in the jungle along the 2.000-km
      AFP  -  316 words
    • Article
      Lock icon Asian oil refiners gearing up to meet green laws
      598 3 Reuter SINGAPORE Asian oil refiners are investing heavily to prepare to meet tougher environmental standards. Industry sources said yesterday that major upgrades are timed for the second half of the decade as more Asian nations switch to lower sulphur oil use.
      Reuter  -  598 words
    • ASIA NOTES
      • Article
        Lock icon Japanese corporate profit likely to fall
        116 3 Reuter TOKYO Japanese firms are likelv to post profit declines of over 26 per cent in fiscal 1992/93 to March 31. 1993. due to the yens appreciation against the dollar and the slowdown at home, three brokerage research units said yesterday. Yamaichi Research Institutes
        Reuter  -  116 words
      • Article
        Lock icon Japan to help Russia dispose of fuel
        108 3 AFP TOKYO Japan is planning to help Russia dispose of toxic fuels from its ballistic and other missiles. Officials from the Science and Technology Agency said yesterday that the offer of help was in answer to a request from Russia which agreed to
        AFP  -  108 words
      • Article, Illustration
        Lock icon Whoopee, I'm in
        41 3 Reuter TOKYO A female college acceptant being tossed into the air in joy by fellow students yesterday after she passed the entrance examination for Tokyo University. Only 3,224 out of 10.689 applicants were admitted to the university Reuter
        Reuter  -  41 words
      • Article
        Lock icon US likely to renew China MFN
        90 3 AFP BEIJING US President Bill Clinton would renew preferential trade status for China in May. but will likely attach conditions next year. A leading expert. US businessman John kamm. said yesterday that Mr Clinton would probably issue an executive order linking extension of most-favoured-nation
        AFP  -  90 words
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      201 3 Your link to i industrial With overwhelming response and success of our first two phases, Taman prime light industrial properties m Phase have a total of about 600 units of light industrial environment: i^EEßJ""~j|^^ •EXCELLENT location, with easy ™Sifg §1 I|§ Aa |i|i •EXCELLENT infrastructure, including adequate 3-phase electricity and
      201 words
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  • REGIONAL FOCUS
    • Article, Illustration
      Suharto, Try set to take country to a new phase
      1212 4  -  Indonesia's presidential elections From Yang Razali Kassim in JAKARTA PRESIDENT SUHARTO'S re-election yesterday to a sixth term in office has positioned him to prepare Indonesia for the big task of becoming an advanced economy after the *****. And in an
      1,212 words
    • Article
      Lock icon Try: from Suharto's running mate to next president?
      498 4 AP JAKARTA A retired general whose career seemed blighted after his troops massacred civilians in Bast Timor was set yesterday to be vicepresident of Indonesia, and could become the next president. The assembly chose General Try Sutrisno. who stepped down last month
      AP  -  498 words
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      114 4 'W&Wt i-V®, Jyfl^l tI At Jurong Shipyard Limited, our managers, There are no demarcation disputes or engineers and staff have a lot in common. boundaries. Everybody chips in, no matter They all believe in co-operation between which positions they hold. each other. They all have a high level of trust
      114 words
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  • THE REGION
    • Article
      Lock icon Taiwan ruling party names first native secretary-general
      415 5 Reuter TAIPEI Taiwan's ruling Nationalist Party, plagued by internal power struggles and facing an increasingly powerful opposition, named its first native Taiwanese secretarygeneral yesterday. Hsu Shui-teh, 61, Taiwan's representative to Japan, was appointed acting secretarygeneral and will be confirmed in the ruling party's
      Reuter  -  415 words
    • Article
      Lock icon How many millionaires are there in China?
      146 5 Reuter HONGKONG Communist China has more than a million renminbi millionaires "according to the most conservative estimates", an olTicial mainland report said >esterday. Some in the booming southern city of Shenzhen were in the 10 million renminbi (about 552.5 million) bracket, the China
      Reuter  -  146 words
    • Article
      Lock icon Beijing boycotting French wheat over Taiwan jet deal
      372 5 Reuter ROUEN, France China is refusing to buy French wheat because it feels betrayed by Paris' sale of Mirage fighter jets to Taiwan, according to a Beijing official. "We feel we were betrayed by an old friend. Of course, this has an
      Reuter  -  372 words
    • Article, Illustration
      Lock icon North Korea warns of all-out war erupting any time
      317 5 Reuter BEIJING North Korea, which has declared a state of "semi-war", warned yesterday that all-out war could erupt any time on the tense Korean peninsula as US and South Korean troops conduct annual manoeuvres. Pyongyang would not attack first, North Korean
      Reuter  -  317 words
    • Article
      Lock icon Seoul analysts see negative first-quarter GNP growth
      240 5 Knight-Ridder SEOUL Analysts and economists here are beginning to speak of negative growth in South Korean gross national product in the January/March quarter. Most securities firms and economic institutes' reports still project an increase of 2 to 3 per cent in GNP for
      Knight-Ridder  -  240 words
    • Article
      Lock icon Japanese high-tech firms are lazy: official
      382 6 Country may be forced to begin govt-led R&D projects NYT TOKYO In the first indication that Japan is preparing to respond to United States President Bill Clinton's proposed competitiveness initiatives, a senior government official said on Tuesday that Japan's hightechnology companies have grown lazy
      NYT  -  382 words
    • Article
      Lock icon BOJ sees Japanese economy expanding in second half
      365 6 Reuter TOKYO Japan's economy is likely to be back on an expanding path in the second half of fiscal 1993/94. thanks to past fiscal stimulative steps and discount rate cuts. Bank of Japan (BOJ) senior deputy governor Hiroshi Yoshimoto told Parliament yesterday.
      Reuter  -  365 words
    • Article
      Lock icon Tokyo seeks to maintain 50pc beef tariff indefinitely
      239 6 Knight-Rider TOKYO Japan's Ministry of Agriculture said yesterday that it will seek to maintain "indefinitely" a 50 per cent tariff on beef imports after a 1988 United States-Japan agreement on tariff cuts expires on March 31, 1994. "We won't go below 50
      Knight-Rider  -  239 words
    • Article, Illustration
      Lock icon Prosecutors raid securities house in Kanemaru case
      621 6 Reuter TOKYO Japanese prosecutors have raided a Tokyo securities house and the homes of senior brokers in a widening investigation into alleged massive tax evasion by fallen ruling party chief Shin Kanemaru. A spokesman for the Okasan Securities brokerage said yesterday that proseeutors
      Reuter  -  621 words
    • Article
      Lock icon Aussie economists raise growth estimates
      216 6 Knight-Ridder SYDNEY Australian economists have lifted their expectations for fourth-quarter gross domestic product after an unusual increase in the goods and services surplus revealed in yesterday's balance of payments data. The Australian Bureau of Statistics said the rise of As6l9 million (Ss7l2 million) in the
      Knight-Ridder  -  216 words
    • Article
      Lock icon Japan wants to discuss advancing date of G-7 summit
      459 6 Reuter TOKYO Japan will discuss with other Group of Seven (G-7) industrialised nations the possibility of advancing the date of the Tokyo Summit, set now for July 7-9, a spokesman said yesterday. "We must listen to the other summit participants and
      Reuter  -  459 words
    • Article, Illustration
      Lock icon Aussie business community in favour of Hewson
      597 6 Reuter SYDNEY After 10 years of Labor Party rule, the Australian business community is ready for change on March 13. Both contenders for the job of leading the nation out of its deepest recession in 60 years offer similar cures and analysts say
      Reuter  -  597 words
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      138 5 MITSUBISHI. _1 I v Being first is what this tar is about. No other in the 2 lit re* t lass grat is \on with Ivu k-1 huinpi ng 24 \al e 111 f1- i n jet ted 6 perlorrnaiu e It is the onl\ tar that foils this power
      138 words
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      81 6 THERE'S NO PLACE LIKE THE NEW ORLEANS Park View Singapore You don't 'eat' at The New OHeans. Or even 'dine' at The New Orleans. You experience The New Orleans. Authentic continental cuisine practically impossible to find in this part of the world. An ambience that's sheer magic. With live jazz
      81 words
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      3 6 Editorial Pg 26
      3 words
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  • THE WORLD
    • Article
      Lock icon US to seek changes in Mexican legal system during Nafta talks
      447 7 Kantor sets out Clinton administration's tough stance NYT WASHINGTON US Trade Representative Mickey Kantor has told the Senate Finance Committee that the US will seek changes in Mexico's legal system during coming negotiations on side agreements to the North
      NYT  -  447 words
    • Article
      Lock icon US stimulus package needed despite pick-up: Bentsen
      346 7 Bloomberg Business News NEW YORK Treasury Secretary Lloyd Bentsen said on Tuesday that news of a strengthening economy doesn't offset the need to enact the Clinton administration's proposed US$3O billion (5549.2 billion) stimulus package. "Some people are saying it's not necessary because the
      Bloomberg Business News  -  346 words
    • Article
      Lock icon Clinton's attorney general nominee gets bipartisan support at hearing
      298 7 Reuter WASHINGTON The nominee to be US attorney general, Janet Reno, attracted bipartisan support at her Senate confirmation hearing on Tuesday and seemed headed for quick approval as the first woman to head the Justice Department. "Attacking violent crime, drug trafficking
      Reuter  -  298 words
    • Article, Illustration
      Lock icon Children of a coal war
      53 7 Reuter LONDON Children from a mining community whose pits have been marked for closure by the government hold up coal at a protest outside the prime minister's residence in Downing Street on Tuesday. They also handed a petition urging the government to reverse its pit
      Reuter  -  53 words
    • Article
      Lock icon Failure to settle finances may hurt German stability: minister
      178 7 Reuter BONN Germany's political stability could be in danger if the government and opposition fail to get the country's shaky finances in order. Finance Minister Theo Waigcl warned yesterday. He urged regional state premiers, most of whom are opposition Social Democrats,
      Reuter  -  178 words
    • Article
      Lock icon IMF credit deal gives a boost to Polish government's reforms
      297 7 Reuter WARSAW The International Monetary Fund has backed Poland's claim to star status among Eastern Europe's young democracies by giving the go-ahead to a long awaited new credit deal. But economists say the political uncertainty which contributed to a long
      Reuter  -  297 words
    • WORLD WATCH
      • Article
        Lock icon Palestinians stand firm on peace talks
        61 7 Reuter JERUSALEM Chief Palestinian negotiator Haidar AbdelShafi yesterday repeated that his team will not return to peace talks with Israel before the deportees crisis is resolved. He made the statement on Israel Radio after American officials said the US and Russia would issue invitations
        Reuter  -  61 words
      • Article
        Lock icon EC launches probe on dumping
        63 7 UPI BRUSSELS The European Community yesterday launched a probe on dumping by four Japanese makers of television cameras that could result in stiff, punitive duties. If the European Commission concludes the camera systems were dumped, it could levy anti-dumping duties on products made by Sony
        UPI  -  63 words
      • Article, Illustration
        Lock icon Search for sacred writings
        52 7 Reuter MOSCOW Russian Hassidic Jews searching the card index of the Lenin Library for information on the writings of second Lubovitcher Rabbi. They were granted access to the books this week after a five-year battle with the government. The books are considered holy text by their
        Reuter  -  52 words
      • Article
        Lock icon OECD inflation at 3pc in January
        80 7 AFP PARIS Consumer price inflation in Western industrial countries and Japan, excluding Turkey, stood at an average annual rate of 3 per cent in January in spite of sharp monthly increases in Germany, the US and France, the OECD said yesterday. Consumer prices rose
        AFP  -  80 words
      • Article
        Lock icon Russia clinging to communist slogan
        69 7 Reuter MOSCOW Russia's Congress of People's Deputies yesterday refused to sever links with the communist past, retaining a Marxist slogan in Russia's state crest. Deputies voted by 333 to 274 to remove the words "workers of the world unite". But support fell far short of
        Reuter  -  69 words
      • Article
        Lock icon Possible attack on Buckingham foiled
        71 7 Reuter LONDON Police have foiled an IRA plot to explode a massive car bomb which could have been meant for Buckingham Palace, according to British media reports yesterday. Undercover police officers found the vehicle, packed with explosives, hidden in a private garage in north London
        Reuter  -  71 words
    • Article, Illustration
      Lock icon US aiming to be Russia's biggest trading partner
      326 8 Moscow urged to create right conditions for investments AP WASHINGTON Russia could become "the fastest growing market of the 21st century" if it succeeds in the transition from communism, and America wants to become its biggest trading partner, says US Commerce Secretary
      AP  -  326 words
    • Article
      Lock icon Maastricht Treaty good for Britain and Europe, says Danish premier
      379 8 Reuter LONDON Danish Prime Minister Poul Nyrup Rasmussen has said the Maastricht Treaty is good for Britain and for Europe and he hopes it will eventually be ratified. Speaking to reporters on Tuesday after hour-long talks with Prime Minister John
      Reuter  -  379 words
    • Article
      Lock icon London offers Scots more say in government
      242 8 Reuter LONDON The British government has promised restive Scots a greater say in how they are governed but has stopped well short of offering any form of self-government. Billed as the biggest shake-up of relations between London and Scotland for 50 years, the
      Reuter  -  242 words
    • Article
      Lock icon Economist sees Canadian economy growing 3.8pc
      419 8 Bloomberg Business News NEW YORK Canada's economy is finally recovering from a lengthy recession and should grow about 3.8 per cent this year. Wood Gundy Corp's senior economic adviser. John Grant, said. "Canada is finally putting the hard times behind it." he said, in
      Bloomberg Business News  -  419 words
    • Article, Illustration
      Lock icon A blast in the dust
      50 8 Reuter MOGADISHU A Somali woman walking her donkey past a desert site on Monday where US forces blew up arms surrendered by or confiscated from warring clan militias. The bombs, artillery pieces and machineguns were piled into a pit and destroyed with plastic explosives. Reuter
      Reuter  -  50 words
    • Article
      Lock icon Minister proposes major reforms to revive South African economy
      354 8 Reuter JOHANNESBURG Finance Minister Derek Keys has unveiled proposals for far-reaching reforms designed to breathe life into South Africa's battered economy. They have been portrayed as options open to negotiation with other parties rather than a blueprint already adopted by the
      Reuter  -  354 words
    • Article
      Lock icon Italian govt's fate uncertain following PM's botched plan
      467 8 Reuter ROME Italy's coalition government teetered on the brink of collapse on Tuesday, battered from all sides over a botched plan to offer leniency to corrupt politicians. Prime Minister Giuliano Amato won a short respite after a crisis Cabinet meeting but one
      Reuter  -  467 words
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      233 7 The Bth and 9th Wonders of the i World. El Caballo Blanco ilifl Catherine Field, Sydney, Australia. The kingdom of the Andalusian Dancing Stallions, this 48 hectare estate, just over an hour from Sydney's CBD, is one of its most popular and successful theme parks and day resorts. Luxurious six
      233 words
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      Page 7 Advertisements Column 2
      138 7 Rome Zurich 3 times weekly. OBJV ST Ny **>%: Ml mm fIPMM 'i* 'Wv <'-'. Rmhl Fly with Emirates to Rome and Zurich three commissioned tor Emirates a Emirates is the world's fastest growing airline. All this, when combined All our brand new Airbus aircraft are superbly with our award
      138 words
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      77 8 PARMELIA HILTON HOTEL PERTH, WESTERN AUSTRALIA •275 room 5 star CBD hotel. Secure long-term lease to Hilton. Adjacent site available for further development. Expressions of Interest close 2nd April, 1993. For further information please contact: Peter Barge or Geordie Clark, JLW TransAct, Sydney, Australia, Telephone: +61 2 256 5777, Facsimile:
      77 words
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      Page 8 Advertisements Column 2
      297 8 Learn from Dr Russell Olive, a proven educator from Sloan School of Management, and expert consultant to Arthur D Little Management Education Institute, U.S.A. Over 100 CEOs and managers from emerging growth companies and MNCs have benefitted from his strategic planning workshops last year and a number of them have
      297 words
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      31 8 LUXURY MOTOR OCEAN CATAMARAN 16M CRESTA SPORTSFISHERMAN 14 17M AUSTRALIA'S PREMIER BOAT BUILDER SEEKS AGENT FOR S.E.ASIA For complete information contact the Head Office in Australia LYNTON GROUP Fax int'l +61-75-*****3
      31 words
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  • COMPANIES & MARKETS
    • Article
      Metroplex to make M$186m cash call for ongoing projects
      427 9  -  KL developer plans rights issue of redeemable loan stock with TSRs By Amy Balan SINGAPORE Malaysian property developer Metroplex is tapping shareholders for MslB6 million (S$ 117 million) to finance its ongoing projects. It will do this through a rights issue
      427 words
    • Article, Illustration
      Lock icon Drawing them in
      88 9 Photo by Arthur Lee SINGAPORE CWT Distribution's initial public offer is attracting plenty of interest, judging from the lunch-time queue for application forms at the offices of issue manager DBS Bank yesterday. CWT is the first company to get a main-board listing this year. Analysts say its
      Photo by Arthur Lee  -  88 words
    • Article
      Loss-making Van Der Horst may see turnaround
      424 9 SINGAPORE Although marine engineer Van Der Horst Ltd has seen hard times lately, the market's view of the company's future suggests that a possible reversal of fortune could be on the cards. Poor earnings and boardroom upheavals last year could have led to
      424 words
    • Article
      Sembawang can make its mark as an engineering giant within this decade
      826 9  -  HOCK LOCK SIEW By Rahita Elias SINGAPORE When marine-based Sembawang Shipyard last week announced a 30 per cent jump in its 1992 net earnings to a record-breaking $94 million, analysts were unimpressed. After all, they had expected the
      826 words
    • Article
      Brokers welcome govt's CPF top-up scheme
      375 9  -  By R Sivanittiy SINGAPORE Stockbrokers have welcomed the government's CPF top-up scheme, but some feel that more must be done to ensure the proposal takes off. Analysts say the scheme will go a long way towards focussing more interest on Singapore Telecom, which is
      375 words
    • Article
      Sunshine Allied posts 12.8pc rise in profit, plans share placement
      373 9  -  By William Chia SINGAPORE Confectionery group Sunshine Allied Investments has posted a 12.8 per cent increase in group earnings to $4.57 million for the year to Dec 31, 1992. Sunshine, which plans to shift its low-margin operations to Malaysia and
      373 words
    • Article, Illustration
      Lock icon SUMMARY
      343 9 Source: Bridge Info Performance of STII's index stocks Mar 10 Last Stix l*4cx Slock sale Chgc factor anm (I) Avimo 1940 -0.020 161 -2.70 CAC 7 300 0 150 6.06 20 27 Ccrcbos 5 100 -0 050 4 23 -6 76 FAN 12 200 0 300 10 12 40
      Source: Bridge Info  -  343 words
    • COMPANIES
      • COMPANY BRIEFS
        • Article
          Conditional offer for Alliance Tech
          66 10 SINGAPORE Morgan Grenfell (Asia) Ltd, on behalf of Chang Ching Chuan. has made a conditional cash offer for all the issued ordinary shares of Alliance Technology and Development Ltd. The acquisition of the 5,756,198 shares would raise Mr Chang's stake in Alliance Technology to 14.876
          66 words
        • Article
          Giken Sakata's audit committee
          26 10 SINGAPORE Giken Sakata has announced the appointment of directors Sakae Yokota. Chin Siew Gim and Lem Bak Yam to its audit committee.
          26 words
        • Article
          NatSteel makes staff disclosures
          69 10 SINGAPORE In line with Stock Exchange of Singapore requirements, Nat Steel Ltd has disclosed that its general manager Loke Yuen Piew is a cousin of Annie Loke, a director of a subsidiary company. Nat Steel has also disclosed that Soon Douglas Pte Ltd administration manager Jacqueline
          69 words
        • Article
          Results of CityDev's Manila unit
          40 10 SINGAPORE City Developments Ltd's Philippine subsidiary Grand Plaza Hotel Corporation has announced its financial results for 1992. Net income jumped 85 per cent to 20.175 million pesos (551.30 million), from 10.930 million pesos in 1991.
          40 words
        • Article
          Lock icon Kumpulan Emas incurs M$2.7m loss
          61 10 Bernama KUALA LUMPUR Kumpulan Emas Bhd suffered a group pre-tax loss of M 52.74 million (551.72 million) for the six months to Jan 31, 1993, compared to a pre-tax profit of M 53.80 million in the same period last year. Group turnover fell 11 per
          Bernama  -  61 words
      • Article
        Corrections and clarifications
        66 10 IN THE ARTICLE "Nat Steel Electronics undergoes major revamp" in Business Times on Feb 26, it was reported that Yang Chin Leong had left Nat Steel Electronics. Mr Yang has clarified, however, that he is still with the Nat Steel group. He is now with Nat Steel
        66 words
      • Article, Illustration
        Lock icon Lippo expects rapid growth from non-commercial banking
        573 10  -  By' William Chia JAKARTA Indonesian conglomerate Lippo says its domestic property, insurance and investment banking divisions will grow faster than its core commercial banking business in the next five years. Lippo group director Charles de Queljoe told BT recently that its traditional banking
        Source: Annual Reports  -  573 words
      • Article
        Lock icon L&G acquiring land and selling off stakes in 2 firms
        423 10 Bernama KUALA LUMPUR Land and General Bhd yesterday announced the proposed acquisitions of agricultural and industrial properties and the disposals of its stakes in two companies. L&G said that it proposed to acquire 1.989 ha of agricultural land for M
        Bernama  -  423 words
      • Article
        Lock icon HL Credit offer for BHL Bank appears underpriced
        188 10 Bernama KUALA LUMPUR Hong Leong Credit Bhd's cash ofTer of M 54.40 made under its proposed general bid for the shares it does not already own in Ban Hin Lee Bank Bhd appears to be underpriced. The ofTer is about 70 sen
        Bernama  -  188 words
      • Article
        Lock icon Public Finance sees scope for expansion with planned increase in capital
        323 10 Bernama KUALA LUMPUR Public Finance Bhd says it will be able to expand its existing operations further as the company will have more than enough working capital. Chairman Thong Yaw Hong said the proposed increase in the authorised capital
        Bernama  -  323 words
      • Article
        UNIT TRUSTS & FUNDS
        466 10 UNIT TRUSTS FUNDS Managers' prices Mar 11 Prudential Unit Trust PruLink Mgd Fund I.OT 1.13 i"cZ"ax 129 i .35 MARA-6«nip>tra The Savings Fund I 10 I I6*d Fir Bputra 161 1.66 Spore Pro» Fund 0 53 0 56 Sccond Bputra 170 l.7Sed S pore See Fund 0 84 0 88
        466 words
      • Article
        DIVIDENDS ANNOUNCED
        476 10 Payment Ex Books Pay date dose date Avimo 20" F I2.5TE Feb 17 Mar I Apr 15 BAT 21* F 114.2 Mar 23 Mar 29 Apr 6 Bcqaya Group I 4 Mar 18 Apr 2 Apr 15 Beqaya Ind I 3 Mar 4 Mar 18 Apr 8 Beijava
        476 words
      • Article
        Lock icon Public Bank pares holdings in HK unit
        179 10 Bernama KUALA LUMPUR Public Bank has sold 40 million shares in its Hongkong subsidiary, JCG Holdings Ltd on March 9, 1993 via a private placement at HKS3.4O per share. A Public Bank statement here yesterday said the 40 million JCG shares of 10
        Bernama  -  179 words
      • Article
        Singmarine unit wins contract worth $11.5m
        334 10  -  By Dexter Lee SINGAPORE Singmarine Dockyard Engineering Pte Ltd, a wholly-owned subsidiary of Singmarine Industries Ltd, has clinched a shipbuilding contract worth $11.5 million from an associate company. The associate, Kcppel Smit Towage Pte Ltd, wants two harbour tug boats to supplement its present
        334 words
      • Article
        Wuhan woos S'pore businessmen to buy its state industries
        372 11  -  By Yong Pow Ang SINGAPORE Wuhan, an old city in Central China, is crying for the investment dollars of Oei Hong Leong and the like to buy its 4,(XX) outmoded factories lock, stock and barrel, and turn them around. In a
        372 words
      • Article
        Lock icon EC orders BAe to repay £44m to British govt
        307 11 Bloomberg Business News BRUSSELS The European Commission ordered British Aerospace (BAe) to repay £44.4 million (S$ 105.2 million) it received as "sweeteners" from the British government when it took over the Rover car group, an EC Commission ofTicial said. In addition
        Bloomberg Business News  -  307 words
      • Article, Illustration
        Lock icon Companies battle for big Indian consumer market
        647 11 Reuter BOMBAY From soaps to soft drinks, cars to computers, multinationals and local companies alike are preparing for a major battle for India's huge consumer market. Anglo-Dutch conglomerate Unilever's Indian subsidiary Hindustan Lever on Tuesday announced plans to merge with rival soaps and
        Reuter  -  647 words
      • Article
        Lock icon Fujitsu slashes hiring as slump takes its toll
        332 11 NYT TOKYO In another sign of the tough times in Japan, the country's largest computer company has said it will slash hiring of new employees in the coming year to cut its costs. Fujitsu Ltd said it would hire only 300 new
        NYT  -  332 words
      • Article
        Lock icon Japanese brokerages trying to reduce staff without layoffs
        339 11 Reuter TOKYO Japanese brokerages, struggling with the dual burdens of nose-diving profits and fat payrolls, are striving to cut staff without the negative publicity of layoffs, analysts say. "Layoffs are difficult," said Linda Daquil. financial industry analyst at ÜBS Phillips and Drew.
        Reuter  -  339 words
      • COMPANY BRIEFS
        • Article
          Lock icon Thai petrochem Arm to get delayed loan
          60 11 Knight-Ridder BANGKOK Bangkok Polyethylene Co Ltd will today sign a contract for U*****.9 million in loans with one Thai and seven Japanese banks in Hongkong. Bangkok Bank said yesterday. The loan agreement was delayed from last year, a Bangkok Polyethylene official said yesterday.
          Knight-Ridder  -  60 words
        • Article
          Lock icon Japanese bourses to step up disclosure
          69 11 Reuter TOKYO Japan's two major stock exchanges, the Tokyo Stock Exchange (TSE) and Osaka Securities Exchange (OSE), will step up disclosure on trading information of stock futures and options from as early as May, a TSE spokesman said. Possible changes are to separate disclosure
          Reuter  -  69 words
        • Article
          Lock icon Brierley sells Enerco holding
          61 11 Reuter WELLINGTON Brierley Investments Ltd told the New Zealand Stock Exchange that it has sold 10.8 million Enerco Corp Ltd shares at NZ$l.6B per share. Enerco. a gas distributor, closed on market at NZ$l.79. down six cents. Prior to the sale BIL held 39 million shares,
          Reuter  -  61 words
        • Article
          Lock icon Taiwan firm proposes stock dividend
          56 11 Bloomberg Business News TAIPEI International Bills Finance Corp, one of Taiwan's three big bills companies, tentatively set a 3.47-for-lO stock dividend for the financial year ending Dec 31. The dividend was passed by the company's board of directors yesterday and is expected to be finalised
          Bloomberg Business News  -  56 words
        • Article
          Lock icon Hyundai founder to break up empire
          113 11 AFP SEOUL Chung Ju Yung, founder of South Korea's mammoth Hyundai Business Group, plans to break up his empire into smaller independent companies within a year, a Hyundai spokesman yesterday quoted him as saying. The spokesman said that Mr Chung also planned to return
          AFP  -  113 words
        • Article
          Lock icon Thai firm starts debenture subscription
          76 11 Reuter BANGKOK Subscription started yesterday for two billion baht of Land and Houses Public Co five-year debentures with convertible warrants attached, the first such issue in Thailand. An official of the property developer said the debentures would pay an interest rate based on the average
          Reuter  -  76 words
      • Article, Illustration
        Lock icon Stanchart surprises with higher provisions against losses in India
        362 12 Group's profits before charges rise to £437 m Reuter LONDON Standard Chartered pic has surprised the market with higher than expected provisions against losses in India and the bank's chairman Rodney Galpin says the outcome of this financial scandal remains shrouded
        Reuter  -  362 words
      • Article
        Lock icon Clinton to unveil measures to ease credit crunch
        330 12 UPI WASHINGTON US President Bill Clinton, believing small businesses hold a key to a healthy economy, arranged to announce new regulations yesterday to ease the credit crunch. He wants to make it easier for banks to make loans, especially to small businesses
        UPI  -  330 words
      • Article
        Lock icon BAT's Eagle Star unit returns to profit
        237 12 Reuter LONDON Tobacco and financial serv ices group BAT Industries pic said its 100-per-cent owned Eagle Star unit recovered strongly in 1992 to post a pre-tax profit of £15 million (5535.6 million) against a 1991 loss of £303 million. Eagle Star's loss from
        Reuter  -  237 words
      • Article
        Lock icon IBM cuts prices of some PCs by up to 20 per cent
        230 12 UPI SOMERS. New York International Business Machines Corp, reacting to the latest round of price-cutting in personal computers, cut prices by up to 20 per cent on Tuesday on selected models. "As previously stated, we will remain competitive
        UPI  -  230 words
      • Article, Illustration
        Lock icon BA pays A$665m to complete purchase of 25pc stake in Qantas
        191 12 KnightRidder CANBERRA British Airways closed a deal with the Australian government with payment yesterday of A 5665 million (***** million) for 25 per cent of Qantas. Australian Finance Minister Ralph Willis announced that BA also paid Asl.s million in
        Knight- Ridder  -  191 words
      • Article
        Lock icon Swiss Bank profit falls 2.5pc, unchanged dividend proposed
        352 12 Bloomberg Business News, Reuter LONDON Swiss Bank Corp has announced that its net profit fell 2.5 per cent to 1.006 billion Swiss francs (SSI.I billion) last year from 1.032 billion in 1991. In a statement yesterday, the bank said it proposed an
        Bloomberg Business News,; Reuter  -  352 words
      • Article
        Lock icon Coke bottling plant in Brazil set to be largest in Latin America
        480 12 Bloomberg Business News SAO PAULO, Brazil A Coca-Cola bottler on Saturday opened a new bottling plant in Brazil that is eventually slated to become the largest in Latin America, company officials said. The USS36 million (5559.4 million) first
        Bloomberg Business News  -  480 words
      • Article
        Lock icon Corporations sell US$1.7b of bonds as rally loses steam
        671 12 Bloomberg Business News NEW YORK Corporations sold US$l.7 billion (Ss2.B billion) of bonds amid a growing belief that the US government bond rally has run its course. Texas Utilities Corp, Dean Witter, Discover Co Inc. Pacific Bell and Provident Bank sold
        Bloomberg Business News  -  671 words
    • FINANCE
      • Article
        Aim for global exchange rate system in 21st century: banker
        417 13  -  Single monetary system will ensure rate stability, says Bank of Tokyo chief By Paul Leo SINGAPORE The world should work towards a global exchange rate system in the next century, says Bank of Tokyo chairman Toyoo Gyohten. "1 endorse the
        417 words
      • Article, Illustration
        Lock icon Liffe begins for new Spanish bonds
        42 13 Reuter LONDON Traders at the London International Financial Futures and Options Exchange (Liffe) deal in the new Spanish government bond (Bonos) futures contract after its launch by the chief secretary to the treasury, Michael Portillo. Reuter
        Reuter  -  42 words
      • Article
        Lock icon Growing Asian economies may boost swaps market
        394 13 Reuter HONGKONG Asian economies are growing increasingly sophisticated and this should fuel a boom in the region's swaps market, Mr Malcolm Basing, chairman of the International Swap Dealers Association (ISDA), said. "Economically, Asia is growing the fastest in the world. Some of the
        Reuter  -  394 words
      • Article
        Lock icon Indon banks get capital adequacy ratio deadline
        487 13 Reuter JAKARTA Indonesia's troubled banking industry, having struggled through the collapse of a major bank and a miserable 1992, now have to face a year-end deadline to meet new capital adequacy ratios, analysts said. Dahlan Sutalaksana. a director of the central bank. Bank
        Reuter  -  487 words
      • Article
        Lock icon Lower M'sian rates unlikely to halt speculative money
        621 13 Reuter KUALA LUMPUR Malaysian interest rates may be easing off but this is unlikely to stop the inflow of speculative money as domestic rates are still among the highest in the region, analysts said yesterday. A stable ringgit will also draw overseas
        Reuter  -  621 words
      • Article
        Lock icon Banks warned of pitfalls in setting up swap units
        332 13 Reuter HONGKONG Financial institutions have shown keen interest in forming separate tri-ple-A rated subsidiaries to trade swaps and options, but bankers are being urged to rethink before they enter the field. "You need to think through carefully whether you would like
        Reuter  -  332 words
      • Article
        Lock icon Market discounts Westpac plan to sell Asian assets
        311 13 AFP SYDNEY The Australian sharemarket appeared neutral yesterday to plans by the beleaguered Westpac Banking Corp to sell off most of its Asian operations as part of a major balance sheet rationalisation aimed at restoring confidence and profitability. The bank announced on
        AFP  -  311 words
      • SMALL CHANGE
        • Article
          Citic issues first Asian US$ FRN
          83 13 SINGAPORE China International Trust and Investment Corporation yesterday launched a USSISO million (***** million) floating rate note to finance its on-going projects. In an announcement yesterday, bookrunner Nomura Singapore said the facility is the first Asian USS FRN issue by Citic. The five-year notes
          83 words
        • Article
          Tat Lee cuts prime rate by 1/4 point
          49 13 SINGAPORE Tat Lee Bank yesterday cut its prime lending rate by 1/4 point to 5 1/4 per cent. The bank also announced that it had cut its three-month fixed deposit rate by 1/4 point to 2 1/4 per cent per annum.
          49 words
        • Article
          Lock icon Bankamerica set to open Hanoi office
          77 13 Reuter HANOI Bankamerica Corp is set to win Vietnam's approval for a representative office in Hanoi, government sources said. They said the US bank's application had received the required endorsements and the last stage was for the Trade Ministry to issue a permit, which
          Reuter  -  77 words
        • Article
          Lock icon UK tightens auditing rules
          87 13 KnightRidder LONDON The UK government has published plans to require auditors in the financial sector to report suspicions about their clients' activities. The move is designed to help avert a repeat of the Bank of Credit and Commerce International scandal. The release of the Treasury and
          Knight- Ridder  -  87 words
        • Article
          Lock icon Taiwanese firm raises dividend
          68 13 Bloomberg Business News TAIPEI National Investment Trust Co. one of Taiwan's largest mutual fund management companies, tentatively approved a NTS 1.65 cash dividend for the year ending Dec 31. This is up from NTSI in 1991. Revenue for the company, which is about 5 per cent
          Bloomberg Business News  -  68 words
        • Article
          Lock icon Japanese lending rates fairly low
          72 13 Knight-Ridder TOKYO Bank of Japan Deputy Governor Hiroshi Yoshimoto said interest rates at private banks are now "fairly" low. Mr Yoshimoto. testifying at the budget committee of parliament's Upper House, said lending rates had fallen steadily, following several BOJ easings. An opposition party politician claimed
          Knight-Ridder  -  72 words
        • Article
          Lock icon AMF has US$767m outstanding loans
          102 13 Reuter ABU DHABI The Arab Monetary Fund, the Arab world's main financial institution, has U*****.7 million (551.25 billion) in outstanding loans to member countries mostly to help them with balance of payments deficits. AMF chairman Osama Faquih said in a report that US$6O9 million of
          Reuter  -  102 words
      • Article
        Lock icon First HK bank to exchange China currency
        140 13 AFP HONGKONG The Chinafunded Po Sang Bank has become the first in Hongkong to officially exchange mainland currency the yuan. A Po Sang executive said the bank began the service owing to Beijing's recent decision to allow Chinese travellers to take out up
        AFP  -  140 words
      • Article
        Lock icon US banks' earnings hit record on sharp rise in final quarter
        707 14 Results boosted by widening gap in loan and deposit rates Reuter WASHING TON Profits at US banks nearly tripled in the last quarter of 1992. government regulators said, enabling the industry to ehalk up its best year ever as
        Reuter  -  707 words
      • Article, Illustration
        Lock icon US prosecutors to seek new indictment in BCCI case
        498 14 AP WASHINGTON Federal prosecutors say they will seek a new indictment in the BCCI bank scandal alleging that a conspiracy by former defence secretary Clark Clifford and his law partner to defraud regulators began earlier than previously stated. Lawrence Urgenson, a
        AP  -  498 words
      • Article
        Dow/Telerate to cover Chinese energy prices
        201 14 SINGAPORE Dow Jones/Teleratc has signed an agreement with Nanjing Petroleum Exchange (Nanpex) to distribute Chinese petroleum prices to world energy traders. Nanpex has about 70 members representing oilfields, petroleum companies, foreign trading companies and monetary institutions in China. Nanpex aims to develop the petroleum
        201 words
      • Article
        Lock icon ERM blues to resurface in run-up to French polls
        274 14 Reuter LONDON The ERM is set to come under further pressure ahead of the French elections with many analysts now doubting the European currency club will exist in its current form by the end of this year. Some analysts feel that
        Reuter  -  274 words
      • Article
        Lock icon Austrian banks plan E Europe expansion
        402 14 Reuter VIENNA Two of Austria s major hanking groups announced plans to expand their branch networks in Eastern Europe as they tackle the retail banking market there. Credit anstalt-Bankverein. one of the largest, is using its newly-founded subsidiaries in the Czech Republic. Poland and
        Reuter  -  402 words
      • Article, Illustration
        Banque Indosuez REGIONAL CURRENCY REPORT
        125 14 The US dollar open higher yesterday buoyed by overnight gains against the Japanese yen. Against the SS. the US dollar opened at 1.6465/75. up from a 1.6460 close on Tuesday. Good bidding interest was seen throughout the day. Some selling of the SS was also
        125 words
      • Article
        Lock icon London
        187 14 Reuter LONDON The US dollar yesterday remained anchored at 1.6650 marks over a placid Luropean mid-session but did manage to make some headway on a generally softer yen. By 1125 GMT, it was at 1.6649/56 marks after a 1.6660/70 close. The dollar crept higher on the yen to 117.95/118.00
        Reuter  -  187 words
      • Article
        Lock icon New York
        95 14 AFP NEW YORK The dollar was mixed against other major currencies yesterday in quiet trading in the absence of significant US economic indicators. while gold inched down. At about 9:45 am. the greenback was trading at 1.6670 German marks, up from 1.6660 on Tuesday but dropped to 118.20
        AFP  -  95 words
      • Article, Illustration
        Untitled
        1597 14 nuh- itkkx luLuljh'J aiium\r S'/Mmr's It if* 14 tiuJinig Ha m' I tin /V.VS US$/S$ forward rates Noon Mar 10 s$ Bid Offer I-month 1644$ ***** 1.6429 ***** 3-month ***** 1 6431 6-month 1.6387 1 6407 Sourtr (H m' Source: OCBC FOREIGN CURRENCY NOTE RATES As at 10am yesterday: Singapore
        1,597 words
    • COMMODITIES AND FUTURES
      • Article
        Lock icon China faces glut of financial markets, brokerages
        647 15 Industry growing almost out of control, say analysts Reuter BEIJING Where once China's communist leaders proclaimed "Let a hundred flowers bloom", the battle cry today seems to be "Let a hundred markets open". From Shenzhen in the south to Shenyang in the north,
        Reuter  -  647 words
      • Article
        Crude oil prices edge higher
        416 15 ENERGY REPORT LONDON Oil prices edged higher yesterday after news of a big draw on US heating oil stocks. Traders said more cold weather was forecast for the northeastern United States in the next few days. But they added that abundant supply of crude oil,
        416 words
      • Article
        Lock icon US steelmakers plan to raise prices by up to 5pc from July
        239 15 Reuter PITTSBURGH, Pennsylvania The major American steelmakers, reacting to growing signs of an economic recovery, said on Tuesday they plan to boost some steel prices by as much as 5 per cent from Julv 4. Chicago-based Inland Steel
        Reuter  -  239 words
      • Article
        Lock icon Vietnam's new mining code may lead to mineral rush
        648 15 AFP HANOI From the white sands of Cam Ranh Bay to a phosphate-filled valley near the Chinese border. Vietnam is a gold mine of largely untapped mineral resources, experts say. But for most international mining companies, the risks of operating in
        AFP  -  648 words
      • Article
        Lock icon Tin price seen hitting M$18 by year-end
        187 15 AFP KUALA LUMPUR Tin prices are gradually climbing and could exceed MslB (5511.34) per kilogram by the end of the year as stocks shrink, mining officials said yesterday. The metal is still very much needed by the industry, said Redzwan Sumun, executive secretary
        AFP  -  187 words
      • Article
        Lock icon World gold industry set for another bull run, experts say
        359 15 Reuter KALGOORLIE, Australia The world's gold industry is on the threshold of another bull phase in spite of current weak prices and concerns about central bank selling, a major world gold conference was told yesterday. Gold fell to U*****.95 in
        Reuter  -  359 words
      • Article, Illustration
        Lock icon Two German steel companies to cut 4,500 jobs
        184 15 Reuter BOCHUM. Germany Fried Krupp AG HoeschKrupp's two steel companies Krupp Stahl AG and Hoesch Stahl AG said they would cut a total of 4,500 jobs by mid-1994 as a result of restructuring. Hoesch Stahl officials told a news conference Hoesch was
        Reuter  -  184 words
      • Article
        Lock icon Rich was persuaded to hand over reins, says successor
        426 15 KnightRidder LONDON Marc Rich, who resigned on Monday as chief executive of international commodity trade house Marc Rich and Co. was persuaded by senior executives to hand over more responsibility to his managers and reduce his stake in the company, newly
        Knight- Ridder  -  426 words
      • Article
        Lock icon Nikkei futures end unchanged
        1467 16 SIMEX REPORT Reuter SINGAPORE Simex Nikkei futures reversed its earlier firm stance to end unchanged after a choppy session dominated by position adjustments ahead of March settlement. Sentiment was mostly positive but investors were unwilling to risk buying higher for fear pension and insurance funds would
        Reuter  -  1,467 words
      • Article
        KL tin rebounds 14 sen in strong buying demand
        980 16 COMMODITIES REPORT Tin TIN price rebounded 14 sen to close at MS 14.70 per kg on the Kuala Lumpur Tin Market yesterday in strong buying demand. The upward trend was also in line with the firmer London Metal Market, which rose
        980 words
      • Article
        COMMODITY PRICES
        1749 16 Rubber Mar 10 MS CMMM 4tty Exch Mg* (tut HTM dt ling as at lpa) HAS (physical pricas) RSS 1 Cwitract (S cents/kg) —A <§ Bayars SaHars Close Volume Open As at 12 aaaa (S cents/kg) Month High Low Sett (tonnes) Interest RSS 2 Apr 93 134.50 I35.50N
        1,749 words
    • REGIONAL STOCK MARKETS
      • Article
        Australia
        1237 17 13.8 SHARES hit an eight-month high on heavy futures buying ahead of Saturday's national election. The All Ordinaries Index closed 13.8 points higher at 1.647.5. its highest point since Julv 9, when it finished at 1.642.1. The All Industrials gained 18.4 to 2.595.7, while the All Resources climbed 10.4
        1,237 words
      • Article
        Manila
        639 17 +0.32 Share prices rose marginally with blue chips finding good support levels despite softness in oil issues caused by technical problems encountered by Al- corn in a well off Palawan island, brokers said. There was a crash in the oil sector because of technical problems at Alcorn's West Linapacan
        639 words
      • Article
        Taipei
        662 17 -0.07 Share prices finished mixed as bargain-buying supported many industrial stocks but financials continued to suffer profit-taking from their huge gains last month. The Weighted Index, which fell in early trade and rose over 60 points at midmorning, ended 0.07 of a point down at 4,474.40. Turnover was an
        662 words
      • Article
        Untitled
        282 17 Seoul M«r» UoaCOO) Vnjm Ektlnt Ind 160 4 Arum InJ I "6 3 \nkuk Insurance |l| 20 Nsia cmcnf ID urwh \*»a M**ors 10' 2 iMfcorcit j u 143 Bunk ()t Pusjn 100 urwh Bank (M Seoul 85 3 BvuckSan M <• hcil Sugar M -4 hcil Svnthc Text 195
        282 words
      • Article
        New Zealand
        347 17 -7.82 Shares closed lower on large turnover worth about NZ557 million, NZS3B million of which was done off market, after a surprisingly quiet day's trade. The NZSE-40 Capital Index fell 7.82 points to 1.582.57. There were several large crossings, starting with 10 million Brierley shares before the market
        347 words
    • WORLD STOCK MARKETS
      • Article
        London
        795 17 +6.8 Bouts of modest profit-tak-ing and oscillations in the FTSE futures market made for a turbulent session, leaving the FTSE-100 index with modest closing gains in the run-up to next week's UK Budget. The FTSE-100 index ended 6.8 points up at 2.956.7. A batch of corporate results was generally
        795 words
      • Article
        Paris
        94 17 -17.27 Profit-taking finally got the better of French shares, pulling the CAC-40 index below the 2.000 level. The index ended 17.27 points olTat 1.992.42. Paris Mar 10 Fr Air-liguide 7M 00 -600 Alcalcl Antthom 66 7 00 *2 00 Mt-Aguit J*} 70 JO Gale De Bangue 1120 00 Latargc
        94 words
      • Article
        Stockholm
        123 17 -0.38 pc A pre-lunch rally proved short-lived yesterday and some brokers said a downturn could be on the way. In the short term, today's 1992 company results from Volvo, ABB and others will prove decisive. The all-share index lost 0.38 per cent to 1.023.11 in high turnover of 957
        123 words
      • Article
        Frankfurt
        131 17 -3.45 German shares edged slightly lower. The 30-share DAX index closed 3.45 points down at 1.709.68. Frankfurt Mar 10 DM POOO 80 BASF ***** 40 BMW 488 00 -300 Baser 277.00 -4.50 Baser YereinsKink 461 00 400 Cum merchant 205.00 50 Conn (jumrni 210 50 2 80 Daimler Ben/
        131 words
      • Article
        Milan
        166 17 1.15pc Shares shrugged oft' political worries to end with small gains in mostly technical trade before the options expiry today and end of monthly account next week. Dealers were awaiting the result of a confidence vote in the Senate, which Prime Minister Giuliano Amato was expected to win after
        166 words
      • Article
        Amsterdam
        282 17 +2.62 Cuts in official Dutch interest rates boosted Dutch share prices for the seventh trading day in a row. leaving the EOE index of 25 leading shares near its all time high of 318.56. traders said. The EOE index closed up 2.62 points at 318.31. just short of that
        282 words
      • Article
        Zurich
        259 17 +4.2 Swiss shares ended firmer after bargain hunters entered the market, lifting cyclical stocks which earlier had suffered from profittaking. The all-share SPI index firmed 4.2 points to 1,320.2 while the SMI index of leading shares rose 5.9 points to a final 2,157.2. By the close most blue-chips were
        259 words
      • Article
        Johannesburg
        297 17 14 South African shares ended mixed yesterday as investors held back ahead of next week's Budget and futures close-out. The JSE Industrial Index rose 14 points to 4.463. The gold index lost 11 points to 1.002. Dealers said Tuesday's release of the government's Normative Economic Model had little effect
        297 words
      • Article
        Toronto
        319 17 +2.17 Toronto stocks opened virtually unchanged yesterday as the market consolidated recent sharp gains, traders said. "We will be flattening out a bit in the short term. We've had a good run here lately with the Dow up about 4.5 per cent and the TSE up about 6 per
        319 words
      • Article
        New York
        907 17 +2.7 Stock prices fell on Wall Street at midday yesterday following two days of record highs. At 11:00 am (1600 GMT), the Dow Jones Industrial Index fell 17.31 points to 3.454.81. Some 79 million shares changed hands. Traders were awaiting signs indicating the state of the economy to
        907 words
      • Article
        Untitled
        731 17 Brussels Mar I Ftur« FORWARD MARKET \CtFin MM id wi :*5o \r»*d H»V» SI A slur MO Bekaeri Ri.ist.in 117 f U (jnpji 414 r«K us IK- Boers 4mi Fhrs "'VI BMMM (•Bclglt'l :im> (»h-lnn<>-Bni ll*>K K C«rvjert TlftO TO CirBiuljmh 1050 45 HtiKil Pelro MM Ml R\l Dutch :<»55
        731 words
    • Article, Illustration
      Lock icon HONGKONG
      3144 18 MAJOR stocks closed marginally lower, but analysts saw a directionless general mood continuing until neus on talks with China or corporate results emerge next week. I'he blue chip Hang Seng index finished 19.54 points lower at 6.488.46. 23 points oil" the day's high. It dipped to 6.471 in morning
      Source: Bridge Info  -  3,144 words
    • Article, Illustration
      CHINA
      465 18 HONGKONG China's A slocks reserved for Chinese investors rebounded on optimism over the health of paramount leader Deng Xiaoping and an expected batch of company results, but B shares for foreigners sank further yesterday. Speculation in Shanghai that four more firms would announce good 1992 results on Saturday pushed
      465 words
    • Article, Illustration
      Lock icon TOKYO
      2575 18 Reuter STOCKS ended slightly firmer, rising for a fourth straight day. as widespread buying on growing confidence absorbed profit-tak-ing. The Nikkei average failed to close above the 18.000 level again, but brokers said investors were pleased the market did not fall after recent sharp gains. "There is selling on
      Reuter; Source: Bridge Info  -  2,575 words
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      Lock icon BANGKOK
      1847 18 Reuter STOCKS ended slightly firmer with the index closing above 900 in moderate trade, but brokers were divided about whether the rise was due to a turnaround in sentiment or purely technical. The SET Index closed up 16.36 points at 900.07 on turnover of 3.6 billion baht. with 188
      Reuter; Source: Bridge Info  -  1,847 words
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      Lock icon JAKARTA
      1004 18 Reuter I Hfc stock market ended another bullish day of trading. The Jakarta Composite Index put on 1.7 points to 311.78. "The market made another rally. Pan Brothers and l.ippobank led the market." one broker said. Pan Brothers traded 816,500 shares at 2.37$ rupiah, 150 higher than on Tuesday.
      Reuter; Source: Bridge Info  -  1,004 words
    • Article, Illustration
      Lock icon CLOB INTERNATIONAL
      2703 19 Source: Bridge Info Source: Bridge Info MOST ACTIVE volume Ind Oxygen 50c 26.600.000 Multi-Purpose 17.690,000 kjmunting 50c 10.472.001) Mctropk-x 50c 9.124,000 Kcnong Bhd 50c 7.62J.000 M ti WWII 11 7.0J8.000 Tongkah Hldg> 5 907.000 Bedford 50c 5.064 000 Fjhcr Group 4J5.VOOO Idrit Hvd 50i 4.171.000 C>cn«.-ral Corp 4.009.000
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    • KUALA LUMPUR STOCK EXCHANGE
      • Article, Illustration
        Lock icon Index edges up in heavy turnover
        5091 19 Bernama KUALA LUMPUR Share prices were about mixed to steadier at the close of the Kuala Lumpur Stock Exchange in active trading yesterday. Dealers said profit-taking set in to trim the gains. The KLSE Composite Index added 5.58 points to 637.37 while the all-share
        Bernama; Source: Bridge Info  -  5,091 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article, Illustration
        Lock icon Market rises on selective buying of blue chips
        1059 20  -  By Dawn Tan SINGAPORE Selective nibbling of local blue chip counters took The Straits Times Industrials Index (STII) to a close of 1,667.96 yesterday, up an encouraging 10.24 points. Reflecting the improved interest in local stocks, the broader-based BT Composite Index also
        Source: Bridge Info  -  1,059 words
      • Article, Illustration
        Lock icon Industrial Oxygen
        70 20  -  HOT STOCK Paul Leo INVESTORS should be cautious about Industrial Oxygen as it is approaching the overbought region. The weekly RSI. which has been rising since mid-January, is now above 75. A slight gain in the share price would push the stock into the overbought region. Resistance at
        SOURCE: BRIDGE INFO  -  70 words
      • Article
        Untitled
        5879 20 MAX BOARD Cr Gr 1992/93 Last Vol Day Last Qnk Dh Dh YU Net M Cap High Lam Company Salt 0000) High Low Bayer Seller CV P/E Sad INDUSTRIAL AND COMMERCIAL 382 170 Acma 382 28 1241 382 354 382 384 12.2 2.1 3.2 22.1 236.0 210 210 s Ale*
        5,879 words
  • Page 9 Advertisements
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      19 9 BUSINESS TIMES TOLL-FREE TEL. No. 1-800-737 0043 FAX:734 3698 v-c v. i i j v fc** -\< phM f|tf^usin^^iiii^j ~Sjs*
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      296 9 IN THE MATTER Of THE COMPANIES ACT, CHAPTER SO AND IN THE MATTER OF EVAFUL SINGAPORE PRIVATE UNITED (IN MEMBERS' VOLUNTARY LIQUIDATION) Extract of the Minute# of an Extraordinary General Meeting of the member* of the Company held on the sth day of March. 1983--SPECIAL RESOLUTION" That the Compeny be
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      361 9 THE COMPANIES ACT. CHAPTER 50 SECTION 290(2)(b) Of Riiolutton TETRA PAK KOREA PTE LTD (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of Tetra Pak Korea Pie Ltd held at 250 North Bridge Road •28-01. Raffles City Tower. Singapore 0617 on the 3rd day of March 1993. the following
      361 words
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      180 10 or a cLange an flavours without the change in gracious mess, come for lunch at tlie JVlansion. Luncheons at Alkaff Mansion take on a new flavour as the Mansion introduces its new lunch menus. Diners have a choice between a Rijstaffel lunch, a buffet lunch or a Western set lunch.
      180 words
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      122 11 The most important shopping complex in Melbourne's CBE>. It's for sale! "The Walk" Shopping Complex, Bourke Street Mall, Melbourne Australia. This is without doubt one of the most important retail properties available on Bourke Street. Flanked by retail giants Mycr and David Jones One of Australia's most coveted retail precincts
      122 words
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      112 12 Singapore Preview: I ft The Oriental 5, Raffles Avenue I Singapore I 13-14 March, 1993 6:00 p.m. Hong Kong, Hilton Hotel I f 22 March Contemporary Chinese I Oil Paintings Fine 19th 20th Century Chinese Paintings Fine Chinese Snuff Bottles and Works of Art 23 March Fine Chinese Ceramics, iii-
      112 words
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      Page 12 Advertisements Column 2
      246 12 BUSINESS TIMES TOLL-FREE TEL. No. 1-800-737 0043 FAX:734 3698 ffiMcmc INNO-PACIFIC HOLDINGS LTD (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of InnoPacific Holdings Ltd ("the Company") will be held at 141 Market Street, 4th Floor International Factors
      246 words
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      93 13 Rare Chinese Hardwood Furniture Classic Elegance Of Lasting Values C ff Owing to its unique charactensucs. classic design and meticulous ff ff craftsmanship. Chinese Hardwood Furniture of quality has become treasured l\ u items 1 1 m e ant As specialists, we maintain a collection of fine Chinese Hardwood Furniture.
      93 words
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      172 14 Dale Carnegie Training 9 develops personal abilities that can be your greatest strength in meeting the challenges of everyday living. Life takes on a new perspective as you prepare yourself for a better future. Among the many benefits of the Dale Carnegie Courses* arc: Overcoming fear of public presentations Gain
      172 words
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      85 15 I I of Sushi Dokoro Yoshida, Lucky Plaza B is pleased to announce the I 1§ OFFICIAL OPENINCt p I I AT 58 BOAT QUAY I I ayT~MHB|BBMSB I I YOSHIDA BQEBDgn V H Japanese Pub Restaurant K LUNCI I 1 l .ooam- 2.30 pm I; DINNER 6.00pm 10.30 pm
      85 words
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      233 16 B U SI N E S S TIMES TOLL-FREE TEL. No. 1-800-737 0043 FAX:734 3698 IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF CONTROL SYSTEMS FIE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE IS HEREBY GIVEN, in pursuant to Section 308 of the Companies Act,
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      125 16 CHYESIN MARINE* TRADING PTE LTD (IN MEMBERS' VOLUNTARY WINDING UP) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308(2) of the Companies Act. Cap. 50 that a Final Meeting of the members of the abovenamed Company will be held onlOth April 1993 at 10.30 a.m. at 10
      125 words
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      55 18 P 1 CALL MILANO'S HOT DELIVERY HOTLINE NOW! I 468-2222 i 1 tor mouth-watering Italian pasta, pizza, BBQ ribs, salads and more! 1 Office/1 lome Delivery I lours: Daily from 11.00 am onwards (including Public Holidays). FREE delivery tor a minimum order ot $10.00 $3.00 surcharge for delivery alter 1
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      53 19 :<• .-'4 4..* 7*.$?T2 n ,r t>" i, »p J -"r v «>.?.% t* rvt v :> v ti~ V < v -< amy*'.$■*■• V- '*.5; >-**- If <*, -T; -T liwMf r *io*r '1. ."V -w» v >«,■»!* f^a. s i- < I -c -to- v. you've ear the
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      51 20 CALL MILANO'S HOT DELIVERY HOTLINE NOW! i 468-2222 i 1 for mouth-watering Italian pasta, pizza, BBQ ribs, salads and more! Office/Home Delivery Hours: Daily from 11.00 am onwards (including Public Holidays). FREE delivery for a minimum order of 10.00 $3.00 surcharge for delivery after 11.00 pm. i Milano All'hxliM AllHauMifk
      51 words
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  • SPORTS
    • Article, Illustration
      Mardan takes top spot, teen wins glory
      590 21  -  SEA Games trials Golf By Shahiron Sahari SINGAPORE Mardan Mamat, as expected, finished top of the selection trials for the 1993 national squad, but the limelight of yesterday's final round at the Singapore Island Country Club's New Course belonged to 16-year-old schoolboy Sean
      590 words
    • Article, Illustration
      Once wins race against time
      39 21 ROANNE, France The team Once speeding to win the stage against the clock of Roanne. during the Paris-Nice cycling race on Tuesday. Alex Zulle (centre) of Switzerland got to keep the leader's white jersey
      39 words
    • Article
      Lock icon NBA playoffs add excitement to season
      809 21  -  George Vecsey on why he enjoys basketball's 'heavyweight' confrontations George Vecsey NYT NEW YORK A funny thing happened at the Garden the other night. Two members of the Whatever-They're-Calling-It-These-Days-Corporate-Dancers dashed over to the celebrity seats after one of their aggressive routines that seem choreographed
      NYT  -  809 words
    • Article
      Lock icon Gary Player backs HK golf course scheme
      388 21 South China Morning Post HONGKONG South African golf legend Gary Player is backing ambitious plans to develop a 36-hole public course on Kau Sai Chau. an island off the New Territories. Kau Sai Chau is uninhabited. considered to be unsuitable for residential or
      South China Morning Post  -  388 words
    • Article, Illustration
      Lock icon Courier dominating men's tennis
      570 21 Reuter INDIAN WELLS, California The Jim Courier era in men's tennis is taking shape. The 22-year-old American has learned how to be ranked Number One in the world, and it shows nearly every time he walks onto the tennis court these days. Courier's lead over the
      Reuter  -  570 words
    • SIDE LINES
      • Article
        Lock icon American football club eyes Johnson
        101 21 AFP TORONTO Disgraced Canadian sprinter Ben Johnson, currently considering lucrative offers from various media for his full drugs story, is also attracting interest from an American football club. John Michaluk. chairman of the Hamilton Tiger Cats, refused to confirm or deny the rumour here that
        AFP  -  101 words
      • Article, Illustration
        Australian Olympic coins out
        33 21 Sydney Olympic gymnast Monique Allen holding one of three Australian Olympic coins in the International Olympic Committee's centennial coin collection which were released yesterday at the Sydney Centrepoint Tower.
        33 words
      • Article
        Lock icon Milan withdraws Olympics bid: report
        102 21 Reuter MILAN. Italy The city of Milan, swept up in a political corruption storm shaking Italy, has decided to withdraw its bid to stage the 2000 Olympic games, a leading newspaper reported yesterday. The Corriere delta Sera said in an unsourced report that the Milan
        Reuter  -  102 words
      • Article
        Lock icon Holmes stops Pepeli in fifth round
        144 21 AP BAY ST LOUIS, Missouri Larry Holmes used a series of solid left jabs to open a severe cut above the left eye of Rocky Pepeli. stopping the fight in the fifth round on Tuesday night. The bout was stopped at the beginning of
        AP  -  144 words
      • Article
        Lock icon Japanese rush to see soccer kick-off
        95 21 Reuter TOKYO About 900,000 fans want to see the kick-off of the country's new professional soccer league, a piece of Japanese sporting history, a league spokesman said yesterday. More than 300,000 people have applied to watch the gala opening game on May 15 in
        Reuter  -  95 words
      • Article
        Lock icon M'sian state to privatise golf course
        87 21 Bernama KANGAR The Perlis government plans to privatise a golf course and the People's Recreation Park in Sungai Batu Pahat near here to improve their management, said Culture, Arts and Tourism Committee chairman Nordin Abdullah on Tuesday. He said the privatisation would ease the
        Bernama  -  87 words
    • SCORE CARD
      • Article, Illustration
        Lock icon Basketball
        257 21 AP. Reuter MEW YORK Results of National Basketball Association games played on Tuesday: Charlotte Hornets 124 Washington Bullets 104: Los Angeles Lakers 123 Detroit Pistons 121: Chicago Bulls 86 Seattle SuperSonics 83: Houston Rockets 104 Miami Heat 94; Atlanta Hawks 117 Milwaukee Bucks 103; San Antonio Spurs 119 Dallas
        AP.; Reuter  -  257 words
      • Article, Illustration
        Lock icon Handball
        26 21 Reuter GOTHENBURG, Sweden Results of the opening matches in the men's world championship on Tuesday: Group C Sweden b Iceland 21-16: Hungary b US 33-18.
        Reuter  -  26 words
      • Article, Illustration
        Golf
        151 21 SINGAPORE leading results from the Singapore Golf Association's sixth round national trials at the SICC New Course yesterday: Men 460 Mardan Mamat 79 77 81 75 73 75 462 Dino Kwck 82 76 81 75 76 72 464 K Maruthiah 78 76 82 76 76 76 468 Lam Chih
        151 words
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        Lock icon Ice hockey
        65 21 Reuter NEW YORK Results of National Hockey league games played on Tuesday: New York Islanders 4 Philadelphia Flyers 2; New York Rangers 4 Los Angeles Kings 3; Pittsburgh Penguins 3 Boston Bruins 2: Winnipeg Jets 4 Tampa Bay Lightning 2: Washington Capitals 3 Toronto Maple Leafs I; Minnesota
        Reuter  -  65 words
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        Lock icon Soccer
        176 21 Reuter Reuter TURIN, Italy Result of Italia Cap semifinal first-leg on Tuesday: Torino I Juventus I. Reuter LONDON Tuesday's British results: English premier league Blackbum 0 Southampton 0; Oldham 1 Manchester United 0: Wimbledon 2 Middlesbrough 0. Leading standings: (played, won, drawn, lost, goals for, against, points): 1. Man
        Reuter  -  176 words
      • Article, Illustration
        Lock icon Tennis
        65 21 AFP XARAGOZA, Spain Tuesday's results from the Zaragoza men's tournament: Ist round -Anders Jarrvd (Swe) b Udo Riglewski (Gcr) 6hl. 6-7 (5/7). 7-5; Marc Goelmcr (Gcr) b Stephanc Sansom (Fra) 3-6. 6-3. 6-4; Richard Matuszcwski (US) b Lars Jonsson (Swe) 6-2. 7-5; Magnus Gustafsson (Swe) b Patnk Bauer (Ger)
        AFP  -  65 words
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      790 22 hsM Nothing Beats A Bud. feyiyS or V"™™^ mwu ur BBiwa< <«ESL GENUINE PENANG FARE Let our Penang Chef introduce her new recipes at the newly renovated Princess Terrace Cafe-the place for authentic Penang specialities. A rendezvous for fine meals at cafe prices, or light snacks with good friends. KING'S
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      Page 22 Advertisements Column 2
      323 22 WHERE TO WINE, DINE AND ENTERTAIN iiii *1 VELLOIiI RIBBON IT CLUIS Yellow Ribbon Night For lovebirds to share fond memories. We'll make your lady feel extra special. With a complimentary cocktail drink. A special gift And more surprises than she (and you) would expect So bring her over Every
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      Page 22 Advertisements Column 3
      387 22 Fancy Beijing? Then, we're delighted to suggest t the Pine Court for a aKHr memorable dining experience. Try our Beijing specialities such as Baked Tench, Beijing Duck and Marinated Lamb and our lunch menu of Beijing dian xin. f To add to your enjoyment, all these are well within your
      387 words
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  • LIFESTYLE
    • Article, Illustration
      Telling Laura he loves her
      857 23  -  SBCs first full-length English drama was wobbly, but it bodes well for future local productions, reports Nirmal Ghosh Nirmal Ghosh Laura died two weeks ago, but doesn't know it. Everybody around her knows it, and most refuse to believe she's Laura. Except for Jen, who
      857 words
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      Dickinson varies her diet for men
      463 23 CHATTERBOX ANGIE DICKINSON, who has been romantically linked to more than her share of famous men, says her admirers had little in common. In fact, she compares her taste for different types of men to her taste for different types of foods. "There was
      463 words
  • Page 23 Advertisements
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      105 23 M Talue Kam Yip Ting Restaurant 1 f I i^^tival s»a4» f 1 March -31 April '93 Lunch dinner will never be the same again as our Hong Kong master chefs recommend these special (Cantonese dishes* at super value prices! Savour a neic dish each day of the week at
      105 words
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      Page 23 Advertisements Column 2
      85 23 LOBSTER j rrvoae CM wljk nrxr ui <«ar aar V»h V at CHINA-CHINA from 1-31 March The King of crustaceans hold court with ;in array ofexotic anil tantalising variation to wet your appetite. For reservations, please call our Restaurant Manager at.?::4::4/::i :sn hi ifsUut.iHts tin puhlu U* runty fiw .iimrj
      85 words
  • Page 23 Miscellaneous
    • Miscellaneous
      Page 23 Miscellaneous Column 1
      1339 23 TV RADIO ■'I'liHiNi™ V Misery, 10.45pm, SBC 5 M V j As if crashing his car is not bad Wi flfe enough. James Caan finds him- B self captive in the home of exnurse Kathy Bates. She keeps him alive, pumped full of j._ jy i.. t drugs. Her request:
      1,339 words
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  • INNOVATION & TECHNOLOGY
    • IN TAKES
      • Article
        Lock icon Student wins US$40,000 science prize
        104 24 UPI AN ILLINOIS high school student who studied the gcnctic composition of mushrooms was named winner in the annual Wcstinghousc scicncc talent search. Elizabeth Michclc Pine "sequenced" or analysed the DNA of both mushrooms and another common fungus, falsc-trufflcs. Her analysis showed that some of
        UPI  -  104 words
      • Article, Illustration
        Lock icon Key to a 'continuous' gas furnace
        79 24 Reuter DR LIONEL LEVINSON, an RAD Center physicist holding a thermoelectric generator, a key to the technological viability of a "continuous" gas furnace a residential heating unit that would continue to operate even during a sustained power failure. The device, which may someday be
        Reuter  -  79 words
      • Article
        Lock icon First-time soft animal tissue fossils
        88 24 NYT SCIENTISTS in England have for the first time produced fossils of soft animal tissues in a laboratory. In the process they discovered that most of the phosphate required for the fossilisation of small animal carcasses comcs from within the animal itself. The new information
        NYT  -  88 words
    • Article, Illustration
      Water has cutting edge over steel
      629 24  -  Excel ties up with US innovator to make high-pressure wateijet cutting systems in Singapore, reports Helen Ching Helen Ching WHICH is stronger water or steel? Curiously enough, the answer of homegrown Excel Advanced Technologies is water. Excel, specialist in advanced automation technology, says high-pressure
      629 words
    • Article
      Lock icon Putting cockroaches in touch with a deadly foe
      271 24 NYT Humankind, in its long-running war against the cockroach, has enlisted a new ally: a tiny worm known as a nematode. Nematodes, barely visible to the human eye. carry a bacterium that is harmless to people but deadly to many types of
      NYT  -  271 words
    • Article, Illustration
      Lock icon Voyage to the bottom of the sea — with robots
      682 24 Voyage to the bottom of the sea with robots NYT UNDERSEA robots, which over the decades have opened new realms of activity for the world's navies, oil companies and wreck salvors, are now advancing on their greatest challenge yet. Highly-computerised and sometimes free of human control, they are starting to
      NYT  -  682 words
  • Page 24 Advertisements
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      77 24 BEACH RESORT, PENANG IT'S HAPPENING IN PENANG HBMJHH Your unforgettable getaway Only for the month of March RM 80 Nett Twin sharing^ Stay in the best First Class Hotel of the year. Complimentary: Welcome drink upon check in. Coffee/Tea making facility. Use of Gymnasium Squash Court. Newspapers Call now limited
      77 words
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  • THE LAW PAGE
    • Article, Illustration
      Lock icon Counting on tally sheets
      1105 25  -  What can an importer do when he discovers he has received less cargo than he ordered but the godown tally proved otherwise? Moiz Tyebally looks at a recent case of short-shipment Moiz Tyebally SHORT delivery of cargo is a common problem faced by many importers. Often,
      Photo by Arthur Lee  -  1,105 words
    • Article, Illustration
      S'pore lawyers get the best of both worlds Down Under
      490 25  -  AT THE JIM. By Conrad Raj SOME Singaporean lawyers who emigrated to Perth arc enjoying the best of both worlds. As Australia reaches out to Asia more, the city's little coterie of Singaporean lawyers have suddenly found themselves in much
      490 words
    • Article
      Absent partner
      599 25  -  CASE, David Gabriel discusses what constitutes a valid meeting, citing a case between two owners of a shopping centre David Gabriel Isetan (Singapore) Ltd v Wisma Development Pte Ltd and another High Court of the Republic of Singapore Originating Summons No 30/92 Justice Chao Hick Tin ISETAN, which
      599 words
  • Page 25 Advertisements
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      95 25 \J 11 paper says it all. You were away two weeks. Fishing trout in Mew Zealand. Or fishing some contracts in Tokyo. Mow you're back. And you've some catching up to do. You want to know what happened while you were away. You could read every past issue of The
      95 words
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      Page 25 Advertisements Column 2
      215 25 SEMINAR TOPICS SEMINAR SPEAKER Basic DOs and DON'Ts of M Dick Tien is a training consultant Effective Communication 2tA with over 28 years of experience Analyzing your Audience ■-A J n education and business Preparation Skills if management. A certified facilitator for Dr Denis Waitley s ResentanonTacucs "Psychology of Winning"
      215 words
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  • Article
    Will the kangaroo leap?
    568 26 EDITORIAL BEYOND THE rhetoric of the election this weekend in Australia, two critical long-term questions face voters: what sort of identity do they wish to embrace, and what kind of society do they wish to live in? The two questions have been debated during the campaign
    568 words
  • WHAT THE OTHERS SAY
    • Article
      Kim tackles man-sized job
      249 26 WHEN President Kim Young Sam assumed office last month, he became the first civilian leader of South Korea after more than three decades of military-domi-nated rule. This brought to fruition the transition to democracy begun in 1987 when direct presidential elections were restored. But changes in
      249 words
    • Article
      More land for private ownership
      158 26 IN RELEASING land for private development, the government is promising a better and more flexible distribution of land to meet Singaporeans' rising expectations. The aim is that 30 per cent of Singaporeans in future would reside in private houses while the majority would be in
      158 words
    • Article
      Japan's money politics
      234 26 DESPITE having been found guilty of corruption for 500 million yen, fallen kingmaker Shin Kanemaru is getting away scot-free to return to his hometown and enjoy his retirement simply by paying a mere 200,000yen fine. Apart from being another big scandal in Japanese politics, the episode has
      234 words
    • Article
      Finding the right cure
      189 26 FINANCIAL SECRETARY Hamish Macleod's allocation of HKSI.I billion for the construction of a new hospital to meet the needs of the northern New Territories will come as no surprise to those familiar with the area. The district has grown so quickly that its population has swollen
      189 words
    • Article
      The next economic miracle
      200 26 THE OPENING UP of China's southern Guangdong Province has drawn investors from all corners of the earth. The descendants of those who had laid waste to China a century and a half ago are back there, hoping to open a happier chapter in economic relations. Malaysia.
      200 words
  • Article, Illustration
    Lock icon Islamic banking gains ground in South-east Asia
    638 26  -  P Parameswaran reports on the inroads that Islamic banks have made in the region P Parameswaran AFP BANKS run on Islamic principles arc gaining ground in South-cast Asia where a religiousbased financial system is taking shape alongside conventional institutions, bankers and analysts say.
    AFP  -  638 words
  • Page 26 Advertisements
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      35 26 WILL THE MARKET STEAM AHEAD? FOREX FINDS CONVEYANCING FRESH RISKS 4 W J 'k J FREE-FOR-ALL? SEMRAWANG'S SPOTLIGHTS: NEW DREAM TO^JggTORE^ A $1,155 billion market 1111 awaits Asean's food players J|||| 6 *****7*20*303 ON SALE
      35 words
  • Page 26 Miscellaneous
    • Miscellaneous
      Page 26 Miscellaneous Column 1
      93 26 (TOO OLD >p 0 THiKKTUe fcepo Tv TV4RILLO?T\ pneupDßftrvyy. J To CRILURV IKSfrTfjg ITS TA t£S K TR.PICX. U5fW THE. GoMNVTfcP TUVV£2- !> wesy j SPeC4PtLTHuMDGRi»4G^uRR D s (iDHFVT Do N/QU TH g associated newspapers lto HW-IW3 898! %A POONESBURY GARRY TRUDEAU STILL ON A ~HSY> Y TUB GUN- Ult'VE
      93 words
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  • ANALYSIS
    • Article
      Lock icon The decline of socialism
      756 27  -  Barry James examines the reasons why socialism is under attack in Europe Barry James IHT ACROSS Europe, the bloom is off the socialist rose. In many countries, socialist parties have lost electoral support or are in danger of losing it. In Germany, the Social Democrats took
      IHT  -  756 words
    • Article, Illustration
      Bosses willing to absorb rising cost of perks
      758 27  -  The National Productivity Board and Singapore Institute of Labour Studies recently conducted a survey on employee benefits. Chuang Peck Ming reports on the joint study's findings Chuang Peck Ming MOST employers expect the costs of providing perks especially for health care to
      758 words
    • Article
      Give perks to help meet family and social needs: survey
      383 27 OFFER workers more perks that will help them to meet their family and social needs, the NPB and Sils have recommended. At least half of the workers and unionists covered by the survey think these benefits are important. And employers
      383 words
    • Article, Illustration
      Lock icon Workers don't get perks they enjoy most
      384 27 EMPLOYERS in Singapore often do not offer employees the perks that they enjoy most. The NPB-Sils survey found that health care, insurance and transport benefits are the most common perks employers offer in Singapore. But, except for health care, they are not the
      Source: NPB-SILS Survey on Employee Benefits  -  384 words
    • Article
      Benefits to boost quality of worklife often not provided by employers
      327 27 WHAT employers see as perks that will boost the quality of worklife are often not provided by them, according to the NPB-Sils survey. For instance, over 85 per cent say flexible working hours are good but only 18 per
      327 words
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  • Article, Illustration
    Yeltsin loses first test of strength with Congress
    450 28  -  From John Helmer in MOSCOW PRESIDENT Boris Yeltsin has lost the first test of strength in his clash with the Russian Congress of People's Deputies over who will have more power to rule Russia. A two-thirds majority of deputies voted to include
    450 words
  • Article
    Lock icon Clinton agrees to make deeper spending cuts
    284 28 Reuter WASHINGTON President Bill Clinton on Tuesday bowed to Congressional pressure to make deeper spending cuts in his broad economic plan, but warned that going too far could throw the country back into recession. "We want t0... get our deficit under control, but
    Reuter  -  284 words
  • Article
    Lock icon Fed presidents relatively upbeat over US economy
    269 28 Reuter WASHINGTON Federal Reserve Bank presidents delivered a relatively upbeat outlook for the US economy at an unprecedented congressional hearing yesterday. Several of the central bank policymakers voiced hopes that lagging jobs growth would accelerate soon and emphasised the need for the Fed
    Reuter  -  269 words
  • Article
    Lock icon Clinton promises to back urgent talks on bolstering Russia
    354 28 NYT WASHING lON President Clinton said on Tuesday that he would support an emergency meeting of the major industrialised democracies to discuss how they can bolster the beleaguered Russian democracy movement, adding that the group's next planned summit in July might
    NYT  -  354 words
  • Article, Illustration
    Is the financial market over-reacting again?
    801 28  -  The Bottom Line LAI HOCK MENG LAI HOCK MENG The writer, who is executive director of Tat Lee Securities, contributed this commentary to BT. CONVENTIONAL macroeconomic theory says that when government cuts spending or raises taxes, the economy's aggregate demand will fall. Consequently, the
    801 words
  • Article, Illustration
    Lock icon Report exposes serious flaws at Bombay bourse
    523 28 Reuter BOMBAY An official report has exposed serious flaws at the Bombay Stock Exchange (BSE), charging that the 118-year-old bourse is run as a private club for the benefit of a handful of brokers, regulators said yesterday. Share prices steaded yesterday on India's
    Reuter  -  523 words
  • Article
    Lock icon Russia, Aerospatiale team up to develop advanced aircraft
    332 28 Reuter MOSCOW Russia and French aerospace giant Aerospatiale yesterday signed a landmark deal to cooperate in developing a new generation of modern aircraft. "We are convinced we have to work with the Russian aerospace industry in the future." Aerospatiale chairman Louis (iallois
    Reuter  -  332 words
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      Page 28 Advertisements Column 1
      45 28 Tomorrow in Business Times [HAEj^ml NOW ON TILL 31ST MAR 1993 DISCOUNTS UP TO 60% GENESIS CRYSTALS I Raffles Placc #01-01 OUB Centre Singaopre 0104 Tel.- 532 4510 Business Hours: Monday to Friday 10.30 am to 6.30pm Saturday 10.30 am to 2.30pm Sunday/Public Holiday Closed
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      5 28 IFHwhrketini* Tomorrow in Business Times
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  • Shipping Times
    • Article
      Lock icon Malaysia, S'pore to tackle pollution in Malacca Straits
      332 29 Reuter KUALA LUMPUR Malaysia and Singapore will meet next month to draw up an action plan to stop tankers from illegally dumping sludge into the Malacca Straits, a Malaysian environment official said yesterday. "There is a need for concerted action to stop
      Reuter  -  332 words
    • Article, Illustration
      Lock icon HK govt urged to provide backup land for mid-stream operators
      527 29 South China Morning Post HONGKONG The government should provide permanent backup land for mid-stream container handling activities because the trade handles almost 30 per cent of Hongkong port's container throughput, said Jardine Pacific director Stanley Ko last week. Mr Ko.
      South China Morning Post  -  527 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      885 29 Page Col ABC Containerlinc 12 1 Accord Group 8 1-3 •APL 5 3-5 Alpha Feeders 6 1 •ANL 3 1/2 •Arrow Trans 19 2 •ASCL 5 5 Avant Shpg 6 4/5 Avia Airways 14 4 Bait Orient Line 7 4/5 Bangladesh Shpg 18
      885 words
    • Article, Illustration
      Lock icon Europe's largest car ferry
      37 29 Reuter HELSINKI, Finland The car ferry Silja Europa arriving in Helsinki on Tuesday. The ship is Europe's largest car fern measuring 203 metres in length and has a capacity of 3,000 passengers. Reuter
      Reuter  -  37 words
    • Article
      Lock icon Blockage of Bangkok port has little impact
      431 29 Knight-Ridder BANGKOK A blockade of Bangkok port since Monday by about 2(X) Thai barges has had little impact on commodity shipments to and from the port and was expected to end yesterday. carriers and port officials said. The blockade caused delays that will
      Knight-Ridder  -  431 words
    • Article
      Hapag-Lloyd hopes to put S'pore flag on 8 ships
      448 29  -  By Juliette Walker SINGAPORE German shipping line Hapag-Lloyd plans to shift eight containerships to the Singapore Ship Registry as part of a cost-cut-ting programme. Operating the ships under a foreign llag instead of the German flag could save the line about
      448 words
    • Article, Illustration
      Lock icon A year best forgotten by Swedish shipowners
      884 30 For Sweden's five tanker operators, 1992 was a dead loss and they can only pin their hopes on a market upturn in 1994 Fairplay SWHDISH shipowners would like to forget last year. The tanker operators have all suffered, and share prices for the
      Fairplay  -  884 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        711 30 Vessel Voy No Berth Arrival Departue Vessel Voy Wo Berth hroi Pepartwe Jurong Port Hamidah 5 93 P10 1103 0600 1203 0600 ASl 15/B 7 13 alongside 1103/2300 Inabukwa 10/93 P03 1103 0700 1103/1900 Gold Future 18 alongside 1103/1500 Mian 104A93 P04 1003/2359 1103/1*00 H Prosper 1388
        711 words
      • Article
        MALAYSIAN PORTS
        153 30 K—ataa fort On tfw way: Berth: la Hann Transport 2. 1: Ma Lang Hat. 2: Sang Thai Yoket. Timber lodah. 3 Taveechok Marce. 4 Bangkaia Pafcn oi berth outer Amer nil Mncrai oi/MTBE twrth: ml Service jetty: E I Ocean Work furvJa E I Gtlshore I Mooring tw»JY
        153 words
      • Article
        CONTAINER SCHEDULES
        1950 30 DELIVERY OF FCL IMPORT CONTAINERS IN PROGRESS SNp Voy No Containers available Ship Voy No Containers available (dialed I A W COOZW 09.03 93 0115 Premier 23N COOlEST) 10 03 93 1900 Im Haifa 76E *****3 0/35 Rich Bridge 90 168 COO(£ST) *****3 1500 Selandu 3082 *****3 0748
        1,950 words
    • Article
      THE SHIPPING GUIDE
      10002 38 Ihis is a list of ships loading at Singapore for ports around the world. It tabulates, by destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. LEGEND FN: ship ealls at Penang after
      10,002 words
    • Article
      SHIPPING AGENTS
      3420 43 CONFERENCES 4 MS6fttlA Asia-North America Eastbound Rate Agreement (Far East/North America, excludes lapan): American President Lines; Sea-Land; Neptune Orient Lines; Maersk Line; Nippon Yusen Kaisha Line; Mitsui OSK Lines; Nippon Liner system: "K" Line. Trans-Pacific Westbound Rate Agreement (North America/Far East): American President Lines; Sea-Land; Neptune Orient Lines;
      3,420 words
    • Article
      COURIER SERVICES
      280 43 Abacus C ouricrs Id: 545-8011. Fax: 545-1898 Air K\pre%s Irau'l Td: 533-5771. l ax: 535-6144 \irborne Kreiieht Corporation Tel: 542-8X44. lax: 542-3716. *****80 Xirswift or Id wide Courier Id: 278-0188. hax: 273-8283 AJS Supplies Td: "48-6322 (2 lines). 747-7421 Fax: 742-8975. C its-1 ink International Td: 344-3377. Fax:
      280 words
    • Article
      AIR FORWARDERS
      1492 43 Abex Express Freight Tel: 542-7171. Fax: *****84. Actinic Forwarder Tel: 225-1833 Fax: *****42. Xcti»air Singapore Tel: 542-7822 Fax *****20 Xcrolink Freight International Id: 545-8033. Fax: *****05 Xernspeed Td: 542-5911. Fa*: *****18. Air Cargo No»o Fxpress Td: 542-5454 Fax: *****06 Air FApress International Tel: 542-7666 Fax: *****74. *****50. Air
      1,492 words
    • Article
      PORT CONDITIONS
      2334 44 ALBANIA Durres: Seven vessels in port of whieh 2 discharging sugar. 2 discharging flour. 1 discharging rice and Hour. 1 loading chrome ore. 1 discharging generals. ARGENTINA Buenos Aires: Activity rather slack; general cargo berths available throughout the week. San Lorenzo: Four vessels operating of which 3 loading
      2,334 words
    • Article
      AIR FREIGHT SCHEDULE
      559 44 ARRIVALS DEPARTURES Op Might type ETA T From Op Might T>pe Ell) T To TOOAY TODAY KAL KE697 B747F 0150 1 SEL KAL KE697 B747F 0440 I BKk SI A SQ827 B747F 1730 2 CPH/DXB SIX SQ/ B747F 0715 2 DXB/LON CLX CV794 B747F 1845 I LUX/DXB
      559 words
    • Article
      Lock icon SHIP SALES & TANKER RATES
      1921 44 SHIP SALES TANKER RATES The information was contributed by Simpson Spence Young AFP FOLLOWING last week's reference to the newbuilding panamax bulker at Daewoo, there are rumours that this has now been committed to Greek buyers ta around US$26 million, she was of course scheduled for delivery August this year,
      The information was contributed by Simpson Spence & Young; AFP  -  1,921 words
    • Article
      CRUISE & FERRY SCHEDULES
      315 44 CRUISE FERRY SCHEDULES CRUISE SHIPS Att Dtp Name of Vessel ETA ETD Ports of Calls Port Ageat Telephone No MARCH 12 12 Regent Spirit 1700 2000 Weekend Cruise Regency Cruises 271-2911 13 13 Song of Flower 0800 1800 World Cruise Kawasaki's (S) 221-8977 14 14 Regent Spirit 1000 1800 Sin-Penang/KL
      315 words
    • Article
      DAILY FREIGHTS
      563 45 RATES for Panamax and handy sized tonnage remain firm in most sectors of the market on March 8. In the grain trades there was contusion over what business had been finalised. Cargill was said to have covered an end Marearly April US Gulf to Taiwan eargo on private
      563 words
    • Article
      TRANSPORT DIARY
      1557 45 COURSES Title: Basic Principles of Shipbroking Chartering (SDK 50%) Duration: March 15 May 3 (8 evenings) Organiser: Singapore National Shipping Association Tel: For further details and application forms contact SNSA at tel: 278-3464 or fax: 274-5079 litle: Container Management (SDF 70%) Duration: March 16 Apr 20 (6 evenings)
      1,557 words
    • AIR AND LAND TRANSPORT NEWS
      • Article
        Lock icon Clinton wants capping on subsidies to Airbus enforced
        425 48 Reuter WASHINGTON President Bill Clinton said on Tuesday he wants an agreement capping European subsidies to Airbus Industrie fully enforced, denying speculation that he might abandon the accord. "My policy basically has two points," he said during a news conference with French
        Reuter  -  425 words
      • Article
        Lock icon US may sanction Japanese airlines
        168 48 Knight-Ridder CHICAGO The US, after failing to resolve a complaint by United Airlines against Japan's decision to place restrictions on the airline's plans to fly between Tokyo and Australia, is considering sanctions against Japanese carriers, the Chicago Tribune reported on Monday. US and Japanese negotiators
        Knight-Ridder  -  168 words
      • Article, Illustration
        Lock icon It's a bird, it's a plane... it's an ornithopter
        73 48 Reuter CHICAGO Jeremy Harris of Battelle, Columbus, Ohio, explaining the remote-controlled ornithopter, displayed at rear, on Tuesday. The invention was developed jointly with Professor James DeLaurier of the University of Toronto. It is a model airplane that mimics a bird's flapping
        Reuter  -  73 words
      • Article
        Lock icon Northrop plans to cut 2,400 jobs this year
        374 48 UPI LOS ANGELES Northrop Corp. citing the aircraft industry's slump, announced on Tuesday plans to cut 2,400 jobs this year through lay-offs and attrition. The Los Angeles aerospace giant attributed the job reductions to cutbacks in its work on the Boeing 747
        UPI  -  374 words
      • Article
        Lock icon Deputy chairman of failed Aussie airline charged
        333 48 Reuter SYDNEY The deput> chairman of Southern Cross Airlines has been charged under Australia's Corporations Law less than a week after receivers were called in to try and save the fledgling company. Douglas Edward Reid was arrested in Melbourne on Tuesday night following
        Reuter  -  333 words
      • Article
        Lock icon End in sight for Canadian airlines' battle
        559 48 Fight focuses on computer networks for booking seats and rooms FT TORONTO A victor is about to emerge from what could prove to be the decisive battle in a three-year struggle between Canada's two main airlines. Air Canada and Canadian Airlines International. The
        FT  -  559 words
      • LOG BOOK
        • Article
          Lock icon PAL to go ahead with Eurobond issue
          109 48 AP MANILA Philippine Airlines will go ahead with a Eurobond offering next month to raise working capital, a senior official said on Tuesday. He said the airline hopes to sell about US$6O- million (SS99-SSI6S million) worth of Eurobonds. Chemical Bank of New York
          AP  -  109 words
        • Article
          Lock icon Hughes, Thomson vie for Aussie deal
          86 48 Reuter CANBERRA Hughes Aircraft Corp of the US and France's Thomson-CSF are again competing for a AS3OO million (***** million) air-traffic control system contract for Australia, the Civil Aviation Authority said. The authority said it had signed agreements to evaluate the competing radar systems
          Reuter  -  86 words
        • Article
          Lock icon Tariff may spell end of Montero in US
          111 48 Bloomberg Business News DETROIT Mitsubishi Motor Sales of America said it may have to stop selling its Montero in the US if the import tariff on four-door sport-utility vehicles is raised to 25 per cent from 2.5 per cent. Hard's Automotive Reports
          Bloomberg Business News  -  111 words
        • Article
          Lock icon Ford upbeat on credit card accounts
          84 48 Bloomberg Business News DETROIT Ford Motor Co said on Tuesday that its new credit card, issued last month in conjunction with Citicorp, will outsell General Motors Corp's recently issued Master Cards. "We would expect within a few months, possibly six or seven, to have
          Bloomberg Business News  -  84 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1305 48 City FUtfK ETA FHW HP tow Dhabi GA887 1500 Adelaide QF81 1935 QF82 2050 SQ228 2040 Amsterdam SQ319 0810 KL838 2350 K1837 1545 Athens SQ347 1730 Auckland NZ21 1710 BA11 1310 NZ28 1840 SQ288 2045 Bahrain GF148 0850 B Sen Begawan BI421 1105 SQ182 0930 SQ181
        1,305 words
  • Page 29 Advertisements
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      4 29 Pf n 9, Lubricant
      4 words
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      Page 29 Advertisements Column 2
      19 29 Lines and services represented by Members e( the Registry ef Accredited v U'hrriisinx enquiries, contact Shii'i'inv lions Icl //<,' ?IM//W-MM)
      19 words
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      Page 29 Advertisements Column 3
      150 29 THE FAMOUS bmk/pmak ■SMIIIgU 224 1833 For more information please refer to P(j. 13 A year best forgotten by Swedish shipowners, Page 2 Clinton wants capping on Airbus subsidies enforced, Back Page rm TRANSTEC LU OCEAN EXPRESS (Formerly Burlington Ocean Express) CHANGE OF COMPANY NAME With effect from March 1,1993
      150 words
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  • Page 31 Advertisements
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      2834 31 M OOCL (S) PTE LTD JARDINE SHIPPING AGENCIES BOOKINGS TEL *****34 *****58/ *****40 \MWJW CFS (PSA F5) TEL *****21/ *****79 ■■Illf jaroine shipping agencies son. bho. i^Douufln PETALING JAYA TEL: 03-*****76 FAX: 03-*****42 V99HT J PENANG TEL *****4 FAX *****1 CFS TEL *****6 Dedicated to Quality Service ipoh tel. *****3/4
      2,834 words
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      Page 31 Advertisements Column 2
      1747 31 For advertising enquiries, contact Shipping Times: Tel 740-2089/740-2090 imuAscH B UNITED ARAB SHIPPING CO. (SAG) 7 To US East Coast am I a I bi I it «i MOM (MOT 21/81 21 M 2S,M 2t'M 21 M *1 IMfl MIM 7 M |/H It, 91 11/tS 11, tS SMT* MM
      1,747 words
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      Page 31 Advertisements Column 3
      1353 31 ■aii7.H.HHWI=i NEXT SAILING TO CARIBBEAN/MEXICO/CENTRAL SOUTH AMERICA MADISON MAERSK V. 9304 ETA SIN 16TH MARCH 1993 Vessel Voy ETA ETO Feeder by Sea Lark, Aries DESTINATIONS This week MACKSON MAERSK V 9304 MtWnW—IfBaWIgtIBIWWWHWBIIWIBWHmiW CFS 16/3 0300 MRS JOM LPK PEN OAK LGB HOU SOO ATL MIA CHS BAL PHL NYC
      1,353 words
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      1489 32 AQABA R DAM/ LI apHM VOY NO S PORE JEDDAH (via JED) S TON H BURG ANT HAVRE KASUGA 1 25/109 11/3 27'3 30/3 28/3 1. MJ. WESTBOUND LEVERKUSEN EXPRESS 11/309 13/3 22/3 28/3 31/3 3/4 5/4 7/4 POM KEIAMG A POMMG FRANKFURT EXPRESS 6«/1 10 17/3 3/4 6/4 4/4
      1,489 words
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      Page 32 Advertisements Column 2
      602 32 FCL Bfeakbulk Service to: AFGHANISTAN M&M Afghanistan Ltd., K Sole Foreign Forwarder in Kabul for all services B C.1.5.-Vostochny, Vladivostok, Moscow, Tashkent, Kiew, Minsk, Riga, Baku North Korea Vietnam Mongolia Hungary CSFR t Poland r AGENCIES (FAR EAST) LTD I NOUAKCHOTT-BANJUL-BISSAU-LUANDA-BAT A j Feeder Vessel KTA SIN I VILLE DE
      602 words
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      Page 32 Advertisements Column 3
      1516 32 BSitlAtii E.MSTB REGULAR INDEPENDENT FULL CONTAINER SERVICE VSL/VOV SIN ALG BCL* HAM BRE# ROT ANT# FEL LHA NORASIA SAMANTHA 9302-3 16/03 06/04 07/04 11/04 12/04 13/04 14/04 15/04 16/04 NORASIA SUSAN 9303 S 25/03 14/04 16/04 19/04 20/04 21/04 22/04 22/04 23/04 NORTHERN JOY 304** 30/03 20/04 22/04 25/04 26/04
      1,516 words
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  • Page 33 Advertisements
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      2039 33 B STRAITS SHIPPING PTE LTD 10 Hoe Chiang Road #11-01 Keppel Towers Singapore 0208 Tel: *****88 Fax: *****17 HIiUHBI&IiBHiUBSMIiIaH m snipping pto LM cdue sms II CONTAIVCfI BCRVICC TO CAMMMA MMH BROOKE Vo7t tab 11 12 Mir 12 Mj. 14 Mai SIRMTS SIM VO3WEROS 12 M» EI STRAITS VENTURE Vo7£
      2,039 words
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      Page 33 Advertisements Column 2
      2250 33 SINGAPORE AGENT: P4 Containers (Singapore Agencies) Pte Ltd X jilt W Vjlilll rtlllvl 10 Hoe Chiang Road #07-01 KEPPEL TOWERS. SINGAPORE 0208 www -W TeJ 225 2233 TeJex RS ***** p NOCS p Fax: 225 5327/222 7517 r y CR Number: **********0Z EXPORT IMPORT vessel vov •mo -pko sm alq
      2,250 words
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      707 34 I |T6 HJftflK I W I DOT STOM MtWI H-MKI WDWI WWWOT" I KUTAI 127W8 14-18/3 12/4 17/4 19/4 22/4 TO EAST COAST POUTS «L/WY rtL STOW STP iXLB Iwtts [mt I AOEI GOWA 03S 12/3 13/3 29/3 1/4 »/4 AMO TEMASEK MS 22/3 20/3 8/4 11/4 5/4 11/4 14/4
      707 words
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      Page 34 Advertisements Column 2
      1930 34 HANJIN SHIPPING FDR *Sl SM LM HAUL StA POI FDR VSI SM |LME HAUL SAV AM NYC HAfUN VANCOUVER 012E 13 3 OKCT 1/4 3/4 HAWM KUNSAN o«s£ 15/3 H KEELUNG 041E 22/4 23/4 »/4 HANJIN OSAKA 004E 21/3 H BREMEN 007E 15/4 17/4 HANJM POHAN6 127E 22/3 HKW TOM
      1,930 words
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      Page 34 Advertisements Column 3
      1544 34 d I rl -T3m^ Inu scr ts£ we uk rus nrt on net sac no iu ae n nc lni mi n tit nc no ac m s» I i GMNT KHI 17/) 11/1 23/3 25 3 24/3 29/3 30 3 31/3 2/4 3/4 5/4 1( 4 21 4 31/4
      1,544 words
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      1479 35 Ir™ ACE: 'OOCL HOPE 24W ETA sgp 13/03/93 ll ll ETA RDM 29/03 FLX 30/03 BRE 01/04 LEH 03/04/93 II 4 II *R3 SCX: Connecting N. Diamond Voy 12E In HKG 28/03/93 HI *R4 SCX: Connecting C. Pegasus Voy 12E in HKG 04/04/93 NORTH WEST EXPRESS (NWX)SINGAPORE CALIFORNIA EXPRESS (SCX)
      1,479 words
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      Page 35 Advertisements Column 2
      470 35 ©HEUNG-A SHIPPING II Korean Flag Vessels FULLY COMTAVOBED SERVICE TO: HONGKONG, BUSAN, MCHON, MOH STRAITS/KOREA SERVICE mi SM M KG N K HI LEEWARD 3ION 16 03 17/03 21/03 25 03 2C/03 27/03 CHOYANG LAW NB3II 11/03 19/03 23/03 27/03 21/03 29/03 •NO 6 DONAM 303N 25 03 20/03 0(
      470 words
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      Page 35 Advertisements Column 3
      167 35 CENTENARY SHIPPING SERVICE WEEKLY F(ILL CONTAINER DIRECT SERVICE SINGAPORE/HO CHI MINH CTTY Now providing Container Tracking toVungtau, from Ho Chi Mlnh Oty VESSEL S NAME VQY. NBR ETA/D SPORE ETA/D HCM CITY TANAH AIR 80N/S 1* 16 MAR I*l9 MAR 93 TANAH AM 81N/S 23-23 MAR 29-26 MAR 93 TANAH
      167 words
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      Page 35 Advertisements Column 4
      1142 35 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD BOOKINGS: BALT ORIENT LINE: *****64 FESCO: *****06 BLASCO ODESSA: *****51/*****31 ENQUIRIES: *****33 KL: 03-*****75/697 PORT KELANG: *****43/ *****40 JAKARTA: *****57 PENANG: *****4/ *****8 JOHORE BAHRU: *****1/ *****1 MARINE INSURANCE SERVICE: *****87/ *****87 (REGULAR INDEPENDENT SERVICE) FULL CONTAINERSHIP SERVICES EASTBOUMD—PftCHMGWG WESTBOUND-LOABNC TRANSHPPED VIA ROTTERDAM
      1,142 words
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      1555 36 K** ww- f* AS AGENTS: KAWASAKI SINGAPORE (PTE) LTD (CR No: **********0 M) v W T" TEL *****77 TELEX: KAWAKIRS23I6S FAX' *****07/^9 I lJ MALAYSIA: *K" UNE MARITIME (MALAYSIA) SDN BHD 1%, Ulll MIU TEL SA *****00 PK *****75 PEN *****0 JB *****1 PGU *****5/6 INDONESIA: P.T. SARANA LAUTINTERNUSA TEL
      1,555 words
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      Page 36 Advertisements Column 2
      726 36 PHILIOHKNT LINCS PT€ LTP V 108 Robinson Road #07-00 GMG Building Singapore 0106 1 Tel: *****22/*****69/*****00 Telex: RS ***** Fax: *****76/*****38 BY AIR, LAND OR SEA.... WE TAKE ON THE WORLD FOR YOU MEMBER OF SINGAPORE FREIGHT FORWARDERS ASSOCIATION M,r r~l AUtTMUA/MEW ZEALAND/SOUTH PACIFIC FCULCLtOVKE 15 MAR SYDNEY. MELBOURNE. BRISBANE.
      726 words
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      Page 36 Advertisements Column 3
      464 36 /W, GOLDEN LINE A GUM gum shipping IFSsXV (PTE) LTD W 23. Idot Ajrer Street 9NGAPOK 0104 HI *****11 (II IMS) Far *****04 (CD No *****5S*****) 6TWAIT6/PCR6IAM CULF SEKTICE Spore P Ketang Penang GOLOOI SIM Ukh Out* Damnum 22.23 Mai TRAOt OtACt Ka>achi DuO# 2,' 4 Apr china jgmg GOLDEN
      464 words
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      914 37 (PACIFIC INTERNATIONAL LINES (PTE) LTD f I 140 Cecil Street. #03-00 PIL Building. Singapore 0106. I I CR NO **********0 C I VESSEL VOY SIN HKG SIN CMB JIB HOD JEO AQJ PZU KOTA JATI JTIO7W 11/3 16/3 22/3 24/3 29/3 2/4 KOTA WIJAYA WJAO2I 19/3 23/3 2S/3 31/3 3/4
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      Page 37 Advertisements Column 2
      1463 37 EXPRESS CONTAINER SERVICE TO UK-NORTH CONTINENT-SCANDINAVIA WEEKLY P|p GUDANG| PENANG PKELANG| OCEAN VSL/VOY Sin SOU (1) RTM (2) HAM (31 GOT (4| E 12/3 t2/3 13/3 BENALDER 3092 16/3 2/4 4/4 5/4 7/4 E 19/3 19/3 20/3 TOYAMA 3102 23/3 9/4 11/4 12/4 14/4 D 26.3 26'3 27/3 ARQSIA3II2 30/3
      1,463 words
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      Page 37 Advertisements Column 3
      308 37 I BSA° TRANSPORTATION M MYANMA PHI FIVE STAR LINE (Myanmar National Line) Loading for Yangon (Rangoon) S pore P.KIf Pen P Gdf PAGAN V 194 IN IN PI MYOMA TIN A VI47N 14 16 M» IN PI PATHS IN VI22W 13/15 Mar MALAYSIA AGENTS BOUSTEAO SMPMNG AGENCES KUI TEL 03
      308 words
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      52 39 1/C" VISA FREIGHT SERVICES PTE LTD £3S Established Since 1984 OCEANIA PORTS REGULAR LCL consolidation AUCKLAND SYDNEY IMPORT EXPORT MELBOURNE FREHANFLE SERVICES v FOR BOOKING St SAILING SCHEDULE, CALL THE TOTAL TRANSPORTATION PEOPLE. VISA FREIGHT SERVICES PTE LTD VISA LCL CONSOL PTE LTD TOLL-FREE TEL: 1800-*****66 TOLL-FREE TEL: 1800-*****34 FAX:
      52 words
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      3205 40 Fail Container Liner Services Malaysia's Agents: Indonesia's Agents: J General Agents: Booking Agents: Gun Gnan Shipping Sdn Bhd Chung Chiao Shipping Sdn Bhd P.T. Global Pntra Indonesia Maritime Costar Shipping Pte Ltd Shipping Freight Booking Centre Sdn BM 58 Persiaran Ra/a Muda Musa Lot 3.34. 3rd Floor. Jl IR H
      3,205 words
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      683 41 fit FAMOUS CONTAINER LINES 10 ANSON RD. #15-21 INTERNATIONAL PLAZA, S'PORE 0207 HOT LINE: *****33 (24 LINES) LIMASSOL/PIREAUS 15/3 ROTTERDAM 15/3 HAIFA/ASHDOD/ALEXANDRIA 15/3 HAMBURG/BREMEN 15/3 MARSEILLE/FRANCE 15/3 FELIXSTOWE/UK 15/3 BARCELONA/SPAIN 15/3 LEHAVRE/ANTWERP 15/3 GENOA/ITALY 15/3 GOTHENBURG/SCANDINAVIA 15/3 LOS ANGELES/WC/IPI 13/3 SYDNEY/MELBOURNE 14/3 NEW YORK/EC 13/3 FREMANTLE/ADELADE 12/3 VANCOUVER 17/3 BRISBANE
      683 words
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      Page 41 Advertisements Column 2
      705 41 TEL: *****33 (12 Lines) FAX: *****15/*****03 TELEX: RS ***** RISHIP (3 Lines) ETHIOPIAN SHIPPING LINES (National Lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL VESSEL VOY ETA ILOADING FOR SPORE ANOtNET 30WB IVO4 OARESSALAAM MOMBASA DJIBOUTI ASSAB MASSAWA ABYOT 32W8 ?0/05 OARESSALAAM MOMBASA DJIBOUTI ASSAB MASSAWA g KIEN HUNG LINE FULLY
      705 words
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      Page 41 Advertisements Column 3
      679 41 JAKARTA BANGKOK VESSEL VOY m KT VEHR WT MMAMM BAWBKOK RAJA BHUM 69S 12/3 16/3 >MU BHUM 67N Fri 12/3 Mon 15/3 I HAN A BHUM 21S nTI ITTi NAWIA BHUM 132W Sat 13/3 Wed 17/3 NANA BHUM II2S 17/3 21/3 0 SEBTOSA j|6R S»t 13/3 li* 16/3 rr-T OKA
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      Page 41 Advertisements Column 4
      337 41 ®sspa nsn-iK BAY OF BENGAL SERVICES TKU ARROW S7R 12-12/03 IS-19/03 25-25/03 I TKU BHDS 245K IS-U/03 22-24/03 30 31/03 I tku STM 5» 17-U/03 24 25/03 3101/04 I cm BONAWSTH 241 22 23/03 2*30/03 0540/04 Isssti wt m an m TKU WW* 163CW 12-12/03 lt-22/03 Zt 30 03 LMOTX
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      1605 42 FMmn container lines o\sAj£jAgents: MAC-NELS SPORE: *****22 PENANG: (04) *****6 SIBU: (084) *****9 KUCHING: (082) *****3 P.KELANG: (03) *****77 JAKARTA: (21) *****32 SURABAYA: (31) *****0 COMPETITIVE RATE TO HONG KONG 3 SAILINGS WEEKLY (MON/WED/FRI) FOR ROOKING, PLS CALL *****76. *****75. *****22 jSSm GLOBEUNK FORWARDERS PTE LTD S;R;S TEL.- *****33 (16
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      Page 42 Advertisements Column 2
      253 42 IP* BLUE STAR LINE SINGAPORE TO AND FROM NEW ZEALAND AND PACIFIC ISLANDS SIN AKL LVT SIN PROSPECT 23S 14/3 26/3 28/3 14/4 #N Z STAR 6S 20/3 1/4 3/4 20/4 PREMIER 23S 4/4 17/4 19/4 4/5 WITH OPPORTUNITY 10 LAU BRISBANE ON OR ABOUT il i FULLY CONTAINERISED SAILINGS
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      Page 42 Advertisements Column 3
      1088 42 THONG SOON UNES PTE. LTD. 77 ROBINSON ROAD #15-00, #16-00 SIA BUILDING SINGAPORE 0106 TEL: *****88 FAX NO: *****11, *****22 TLX: RS ***** CARRIER, RS ***** JENHOL CABLE: TOSOCO CONVENTIONAL/CONTAINER BOOKING LINE: 2Z7SOSS SINGAPORE TO SARAWAK VESSEL Vor STORE*" PEST VESSEL |VOV IS PORE IPEST EQUATOR JADE 71 /3E 13
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      Page 44 Advertisements Column 1
      24 44 WE OFFER GUARANTEED WEEKLY SAILINGS USA/SIN CONFERENCE CARRIERS COMPETITIVE RATES PURCHASE ORDERS FOLLOW-UP CLOSE MONITORING ON YOUR SHIPMENT DOOR/DOOR DELIVERY UP TO YOUR PREMISES
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      Page 45 Advertisements Column 1
      67 45 f —i "fte Executive Housekeeper -this hotel) I wants is me. But I'll never neglect I f -this House, baby/ J I mfi fc— Any Job. Any Career. ai IrSfS>l w Available Any day. ill& Any Time. Anywhere. 1 V The Straits Times The Sunday Times Business Times The New
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  • Page 45 Miscellaneous
    • Miscellaneous
      Page 45 Miscellaneous Column 1
      1184 45 TODAY'S TIDES (height in metres) HOUR 0000 0100 0200 0300 0400 0500 0600 0700 0800 0900 1000 1100 1200 1300 1400 1500 1600 1700 1800 1900 2000 2100 2200 2300 JR 29 3.0 29 24 1.8 1 1 06 0.3 0.2 0.5 1.0 1.9 2.7 3.0 3.1 2.8 2.2 1.5
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      Page 46 Advertisements Column 1
      620 46 i. cosco UKC CONVENTIONAL SERVICE VESSEL PKL PNG P G LOADING FOR A VESSEL 28/03 Rotterdam/Antwerp CHINA CONVENTIONAL SERVICE VESSEL PKL PNG P G LOADING FOR A VESSEL 15.03 20/03 Huartgpu/Guangzhou COSCO FULL CONTAINER SERVICES (FCL/FCL) EXPORT TO: CHINA/BANGKOK/HONGKONG EUROPE/CONTINENTAL WEST MEDITERRANEAN AUSTRALIA US WEST COAST PERSIAN GULF/KARACHI Please refer
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      Page 46 Advertisements Column 2
      155 46 J EES FREIGHT SERVICES PTE LTD a HtTi #01-60 Wallich Building, Wallich Street, Singapore 0207 Tel: *****66 (10 Lines) Fax: *****69/*****44 I"OLANDIA" II "SEALINK" II "AROSIA" I V.I 37 II V.266N II V.3071 I ETD SIN: 18/3/93 II ETD SIN: 14/3/93 II ETD SIN: 12/3/93 I We provide competitive LCL
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      Page 46 Advertisements Column 3
      235 46 [FAR JAST> ymnm \jAkAjm\ n HONG KONG ||f BANGKOK -V CEUROP^f r HAMBURG V ROTTERDAM J < SBa FEU^ToJ^B f BARCELONA "A MARSEILLE ft V 7 CARGO \TEL:*****68 crosswater] KM) OFFICE 291 SERMGOON ROW #06 00 SERANGOON BULDMG S(M2I) WAREHOUSE (OS): BUI 37 #0* 2S/2< 16 PAGAR FREIGHT STATION TEL
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      Page 46 Advertisements Column 4
      874 46 Antwerp 13/3 Fremantle U/3 Bangkok 13/3 Bremen 14/3 Sydney 18/3 Busan 15/3 Hamburg 14/3 Melbourne 18/3 Hong Kong 15/3 LeHarve 13/3 BMrwyPfM Kaohsiung 13/3 Felixstowe 14/3 Keelung 13/3 Rotterdam 13/3_J Bombay is7i I J? ka ,a Calcutta 13/3 Manila 15/3 I Chittagong 13/3 Lax Nyc 15/3 ar s Chi 15/2
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      Page 47 Advertisements Column 1
      858 47 I Z_ HYUNDAI I MERCHANT MARINE CO. LTD. WESTBOUND TO EUROPE VESStLS VOY PNA PKE PGP VtSSELS VOY_ SIN RIM ANT* LEH° HAM BRtj FEL HMM ADVANCE 08A 9/3 10/3 12/3 H CHALLENGER 303# U/3 2/4 2/4 3/4 4/4 4/4 6/4 HMM ADVANCE 09A 16/3 17/3 19/3 OOCI CHARISMA 304W
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      Page 47 Advertisements Column 2
      528 47 STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS INBOUND VESSELS VCSSCL «OT Sf N RK M SOMBAI I» SID SID HIISMUH II SID PT Ml II 1 USTIRR Kill 21 11/) PT NIHCt MOON it It 3 ISIIR TIIDtI 21 20 I COSMIC TRIM* N 21 J Sim IHIISMI
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      Page 47 Advertisements Column 3
      1231 47 OUR USA ffK* k«o In f»l MMhr Inul Ml UI OM NOU DM CM MB MM »TC SERVICE CALLS UMJ BMW Kit.ll 14 03 tUCAIOi TO TTiftT 17 HO3 M *****4 07 04 (7 04 07 MM 04 oT#4 MO4 SINGAPORE OM BNM ittM 2103 Ml««l« MtlCt IWtt ?4 «03
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      Page 48 Advertisements Column 1
      66 48 pM^nVESITAENf^i IB Tomorrow in Business Times fiVMWd KUUUSJ-\ M.V. "GLORIA ACE" VOY. 3# Arrived 2nd March 1993 Consignees of all damaged cargoes ex the captioned vessel is hereby notified that a general survey will be held on the 12th March 1993 0900-1200 hours at PT 10. No further survey will
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      Page 48 Advertisements Column 2
      43 48 P1330WAL 1 Fly Finnair's new Business Class to Europe. Finnairs new wide bodied MD-11 offers speed, comfort and space that's miles ahead of its competitors. Call your travel agent or 733 3377 for more details. We know the world from start to Finnish.
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