The Business Times, 26 January 1995
1995-01-26
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The Business Times
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Title Section13 1995-01-26 1 Business Times WE MOW ASIA MITA(P) 194/12/94 Thursday January 26 1995 75 c13 words
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2 am LATEST
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Article113 1995-01-26 1 Reuter NEW YORK Blue-chip stocks rose sharply yesterday in reaction to a steadier dollar and upbeat comments by Federal Board chairman Alan Greenspan about the economy. The Dow Jones industrial average gained 23.21 points at 3,885.91 at 1 pm EST. In the broader market, advancers ledReuter - 113 words
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Article162 1995-01-26 1 Stock market indices Wednesday Change STII 1,962.68 +43.56 KLSEComp 870.75 +29.88 Nikkei 18,159.48 +98.75 Hang Seng 7,240.72 +217.82 SET Index 1,213.78 +20.43 Jakarta Comp 432.96 -2.5 CLSA China B 813.85 +4.19 Aust All Ord 1,850.3 -11.7 FTSE 100 2,982.2 +13.2 Wednesday Previous 1pm EST close Dow Jones 3,885.91162 words
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447 1995-01-26 1 Quak Hiang Whai - By Quak Hiang Whai SINGAPORE In what could be the worst response ever to an initial public offer here, the public tranche of 56cent shares offered by compact disc maker SM Summit Holdings has been subscribed a measly 3.4 per447 words
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301 1995-01-26 1 Genevieve Cua - By Genevieve Cua SINGAPORE Four major telecommunications carriers in Asean have joined forces to offer a one-stop telecoms network to multinational customers. Singapore Telecom, Telekom Malaysia, Philippine Long Distance telephone Company and Indonesia's PT Indosat have signed a joint venture agreement.301 words
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Article, Illustration451 1995-01-26 1 Reuter Bloomberg Business News WASHINGTON US Federal Reserve chairman Alan Greenspan yesterday said there were "reasons for some concern" that the rate of inflation might be about to accelerate. Mr Greenspan also said the prospect of extending the recent trendReuter; Bloomberg Business News - 451 words
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244 1995-01-26 1 Reuter WASHINGTON The Federal Reserve, in a move that eventually may have a big impact on its interest rate policy, is exploring the possibility that the US economy has embarked on a new inflation-resistant era, officials said. But the officials stressed that theReuter - 244 words
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Article, Illustration532 1995-01-26 1 R Sivanithy - By R Sivanithy SINGAPORE Regional equities markets yesterday regained some more ot the ground lost in the turmoil created by the Mexican currency crisis and Kobe earthquake. Taking their cue from stability in the Hongkong and Japanese markets, the Straits Times Industrials Index surged 43.56Source: Bridge Info - 532 words
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389 1995-01-26 1 Lim Soon Neo - From Lim Soon Neo in HONGKONG ONLY one site was withdrawn in yesterday's public land auction here, which showed better results than expected after analysts had forecast that at least two sites would be withdrawn. Government land389 words
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Page 1 Advertisements
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Advertisement150 1995-01-26 1 CO 2233: Removable CO Tuner with OSP Sound Processor /CO Oanger Controller FUJITSU TEN AMATEUR PHOTO STORES PTE LTD. Singapore: Phone; 235 1333 Kuala Lumpur: Phone; 757 0233 Penang: Phone; 615 985/619 014 Jakarta: Phone; *****9/*****8 CONTENTS S"pore News 2 S'pore-M'sia 6.7 Regional News 3.4 Financial 9.10 World News 4.5150 words
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Advertisement8 1995-01-26 1 Innovation: Pg 6 Polycom swims against the tide8 words
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Advertisement14 1995-01-26 1 Hock Lock The COEfacttijri 2 Editorial: The Fed should take a holiday, Pg 1014 words
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Advertisement52 1995-01-26 1 Rjtmom Line: Ph 12 (Jtuing monetary and fiscal policy More reports on regional markets, Pg 14: KL rebounds Tokyo still nervous Land sale results lift Hang Seng 02-45/47 Atria, 435 Orchard Road. Singapore 0923. Tel: 754 0574. Takashirna\a Department Store. Level 2, Ngtt Vnn City. «WI A Orchard Road, Singapore52 words
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Advertisement27 1995-01-26 1 GOLF HOUSE 71te CfOtmoste in GOLF HOUSE Ngee Ann City GOi HOUSE Centrepoint GOIF HOUSE For East Plaza GOIF HOUSE Marino Square Q Royal Sporting House Croup27 words
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SINGAPORE NEWS
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EYE on the ECONOMY
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Article, Illustration266 1995-01-26 2 Paul Leo - By Paul Leo A DIP in the growth in vehicle loans held back overall growth in lending by finance companies in November last year. Figures from the Monetary Authority of Singapore show total advances by finance companies grew 27.3 per cent year-on-year to $14.43Source: MAS - 266 words
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289 1995-01-26 2 STV Bell South venture launches mobile data network SINGAPORE'S first independent telecommunications service provider a joint venture between Singapore Technologies Ventures and Bell South International launched its mobile data network here yesterday. The joint venture, ST Mobile Data, has yet to clinch its first client but officials are confident services289 words
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438 1995-01-26 2 Schutz Lee - By Schutz Lee SINGAPORE-BASED traders paid S$ 116.87 billion to the financial community here last year for services such as financing and insurance. They also spent another 551.42 billion locally on other services such as warehousing, shipping and freight bookings. The438 words
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346 1995-01-26 2 Conrad Raj - From Conrad Raj in MANILA THE newly formed Philip-pines-Singapore Business Council has decided to set up two working committees one in each country to work on realising its aims. The two committees "will reach out to the private sectors of both346 words
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Article, Illustration96 1995-01-26 2 Photo and text by Arthur Lee IT MAY be all bears on the stock market but in Chinatown everyone has gone hog wild. With the Lunar New Year of the Pig less than a week away, Temple, Smith and Trengganu Streets are only passable to humanPhoto and text by Arthur Lee - 96 words
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188 1995-01-26 2 THE Department of Statistics yesterday announced a new electronic information service that will give instant access to a wide range of government statistics. Called Statistics Singapore, the service is available free of charge to anyone with access to Internet, a worldwide network of more than188 words
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Article, Illustration479 1995-01-26 2 Lee Han Shih - By Lee Han Shih EDMUND TIE the man who built up Jones Lang Wootton as the biggest property consultancy in Singapore is leaving the firm he headed for the past nine years. Sources say Mr Tie told the firm's479 words
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277 1995-01-26 2 OWNERS of upgraded threeroom Housing and Development Board flats in Kim Keat seem reluctant to sell them even though they could bring $40,000 more than a non-up-graded flat in the same area. The HDB said yesterday that resale transactions277 words
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Page 2 Advertisements
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Advertisement163 1995-01-26 2 M, the market predictable. *82 Soma ___J sir |g? This Lunar New Year, g treat your floors to some luxury g I that won't cost you a packet. i (y? Welcome and impress your guests this festive season with a gorgeous Persian carpet that won't floor you with 5? II163 words
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Advertisement23 1995-01-26 2 PORT SHOTS Y\ The latest in sea, air u and land transportation V\ Shipping Times Monday to Friday W SIWMPOKE f BusmessTimes HIMWMU23 words
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THE REGION
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502 1995-01-26 3 Loh Hui Yin - From Loh Hui Yin in BANGKOK THAILAND, in a bid to speed up the implementation of major infrastructure projects, has removed the chairmen and several board members of two major state enterprises the Communications Authority of Thailand and State Railway of Thailand.502 words
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Article, Illustration61 1995-01-26 3 AFP HONGKONG The Hongkong Convention Centre mascot for the coming Chinese New Year, a seven-month-old piglet named Action, meeting the press yesterday. The Year of the Pig, the 12th in the cycle of the Chinese astrological chart, is particularly auspicious in 1995 because it is aAFP - 61 words
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274 1995-01-26 3 AFP NEW DELHI South African President Nelson Mandela praised India here yesterday for its unstinting opposition to his country's former apartheid regime and signed agreements opening a new era in relations. "This is a country which has been a life-long supporter of ourAFP - 274 words
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424 1995-01-26 3 Reuter HONGKONG Hongkongbased Yue Xiu Enterprises (Holdings) Ltd has succeeded in cutting through the red tape and will proceed with its ambitious passenger ferry terminal and commercial development in Guangzhou, general manager Guo Peinan said in an interview yesterday.Reuter - 424 words
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333 1995-01-26 3 AFP HANOI Vietnam is moving towards its coveted goal of joining the Asean Free Trade Area (Afta), a top official here to assess the country's prospects in the region was quoted as saying yesterday. "Asean and Vietnam are discussing specific steps aimingAFP - 333 words
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314 1995-01-26 3 AFP Bloomberg Business News TOKYO Japan's central bank governor and the chairman of the country's leading business group appeared divided yesterday over the impact last week's earthquake will have on the emerging Japanese economic recovery. "I don't think the energy ofAFP; Bloomberg Business News - 314 words
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392 1995-01-26 3 Teh Hooi Ling - By Teh Hooi Ling SINGAPORE Taiwan's GDP growth this year could exceed the government's forecast of 6.5 per cent, says Hong-kong-based Political Economic Risk Consultancy (Perc). In its January report on Taiwan, Perc says the island could grow at its optimum rate of392 words
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497 1995-01-26 3 Reuter Bloomberg Business News BEIJING The state-owned share of China's sizzling economy shrank sharply in 1994. State Statistical Bureau senior economist Qiu Xiaohua yesterday said state enterprises' share of industrial output slumped to 40 per cent in 1994, against 53 per cent in 1993Reuter; Bloomberg Business News - 497 words
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206 1995-01-26 3 Bloomberg Business News BEIJING In a move signalling continuing fears about the country's high inflation rate, the Beijing municipal government said it will spend about 6.3 billion yuan (Ssl.l million) this year to keep rising food prices in check,Bloomberg Business News - 206 words
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SIDELINES
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56 1995-01-26 3 Bernama-Xinhua COLOMBO Sri Lanka will sign a memorandum of understanding with Singapore that will streamline the recruitment of Sri Lankan maids for work in Singapore, Labour Ministry sources said yesterday. A 21-member delegation representing Singapore's major recruiting agencies is now in Colombo forBernama-Xinhua - 56 words
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65 1995-01-26 3 Reuter TOKYO Paramount leader Deng Xiaoping was no longer able to exercise day-to-day leadership of China or make decisions on policy issues because of poor health, authoritative sources said yesterday. The sources, who have access to wide-ranging intelligence reports, said for about the pastReuter - 65 words
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88 1995-01-26 3 AFP Reuter TOKYO The US and Japan will re-examine their 44-year-old security treaty to meet changes brought on by the end of the Cold War, US Deputy Secretary of State Strobe Talbott said here yesterday. He also told a news conference that while theAFP; Reuter - 88 words
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Article74 1995-01-26 3 Bloomberg Business News BEIJING China's savings rose 43.2 per cent last year to 539.7 billion yuan (5592.3 billion), the official Economic Information Daily reported yesterday, citing figures from the People's Construction Bank. The figures were included in a bank report on important state-owned enterprises and investmentBloomberg Business News - 74 words
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64 1995-01-26 3 Reuter HANOI A Vietnamese-American joint venture has drafted a plan to broadcast local and international television programmes in Vietnam, an official newspaper said yesterday. The project, pending government approval, would cost US$92 million (S$ 133.4 million) and is expected to be implemented inReuter - 64 words
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59 1995-01-26 3 AFP KUALA LUMPUR Malaysian Prime Minister Mahathir Mohamad will launch in Manila this week the first of his country's Proton car imported by a Philippine joint venture car firm, officials said yesterday. Dr Mahathir is scheduled to leave for Manila on Saturday to launchAFP - 59 words
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Page 3 Advertisements
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Advertisement177 1995-01-26 3 I I i 11 H I I HOTEL FOR SALE SHERATON HOB ART HOTEL, AUSTRALIA •Tasmania's Highest Rated Hotel Net Cash Flow Growth Entire City Block Freehold Title Internationally Renowned Waterfront Location Sheraton Hobart is Tasmania's highest rated international standard luxury hotel. Constructed in 1987 aver 13 levels the hotel177 words
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THE WORLD
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696 1995-01-26 4 AFP WASHINGTON Several US industries have urged the United States government not to impose threatened sanctions against China for copyright violations, saying they would harm US industry without changing Beijing's policy. But others, notably software manufacturers who have been particularly hard hitAFP - 696 words
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450 1995-01-26 4 Reuter AFP ROME Italy's new government won a key vote of confidence in parliament yesterday but failed to secure the active support of media moghul Silvio Berlusconi's Freedom Alliance coalition, which abstained. Prime Minister Lamberto Dini and his unelectedReuter; AFP - 450 words
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326 1995-01-26 4 Reuter MILAN Italy will miss budget targets for the next two years unless it keeps a tighter rein on public finances, the Organisation for Economic Cooperation and Development (OECD) said in its annual Italian survey yesterday. "To aReuter - 326 words
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Article, Illustration406 1995-01-26 4 Reuter PARIS A split among France's opposition Socialists widened on Tuesday when former environment minister Segolene Royal quit the party's number two post in protest against a bitter three-way struggle for the presidential nomination. The internal race ahead of aReuter - 406 words
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551 1995-01-26 4 Reuter BRUSSELS French Foreign Minister Alain Juppe and European Trade Commissioner Leon Brittan headed for the United States yesterday, armed with a lengthy shopping list on trans-Atlantic trade issues. International investment, television programme quotas, bananas, compensating the European Union's trade partners forReuter - 551 words
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Article, Illustration57 1995-01-26 4 AFP VIENNA Orang-utan Nonja showing off her latest painting to her admirers at the Vienna zoo on Tuesday. The works of the nine-year-old artist, which loves colours like brown and violet, will be on show in the city for two months. Proceeds from the sale of her paintingsAFP - 57 words
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381 1995-01-26 4 FT STOCKHOLM A group of Sweden's leading industrialists appointed to advise the Social Democratic government, on Tuesday launched a scathing attack on the administration's economic policy, saying it posed "great risks" for the nation's future. In a letter to PrimeFT - 381 words
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363 1995-01-26 4 AFP HAVANA President Fidel Castro has shaken up his administration, replacing a third of his economic ministers, the Communist Party newspaper Granma announced on Tuesday. The shake-up comes two years after a cautious economic liberalisation programme was introduced in Cuba and nineAFP - 363 words
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371 1995-01-26 4 AP WASHINGTON A US official has said that Nato governments hope to start discussion in mid-year on the expansion of the alliance, but that the first new members likely would not include Russia. The discussions, however, are to include all possible newAP - 371 words
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WORLD WATCH
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Article107 1995-01-26 4 AP WASHINGTON The federal budget deficit grew by US$4.l billion (555.9 billion) in December. The Treasury Department yesterday said the December total was swelled by accelerated payments of military active duty pay, veterans benefits and supplemental security income payments. The benefits were due on New Year'sAP - 107 words
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Article64 1995-01-26 4 Reuter BRUSSELS The European Union has imposed a definitive anti-dumping duty of 352 ECUs per tonne on imports from China of furfuraldehyde, a solvent used in the production of lubricating oils. Official journal LIS yesterday said the previous provisional duty had been confirmed asReuter - 64 words
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Article62 1995-01-26 4 Reuter PARIS European Monetary Institute president Alexandre Lamfalussy yesterday said it was impossible to introduce a single currency in all economic sectors at once when stage three of European Economic and Monetary Union (EMU) starts. He told the daily Le Figaro that he was anxious for theReuter - 62 words
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Article71 1995-01-26 4 Reuter LONDON More than 2.000 British civil servants and armed forces staff have left government posts in the last decade to join defence and management consultancy companies. The Guardian newspaper yesterday said the moves to private jobs were revealed in a government letter to the oppositionReuter - 71 words
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84 1995-01-26 4 Reuter LONDON Prime Minister John Major yesterday delivered an upbeat assessment of the British economy and pledged that his government would deliver lower taxes. "The prospects ahead are now enticing. The economic recovery is established, is virtuous and offers the opportunity to build sustainedReuter - 84 words
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80 1995-01-26 4 AFP OTTAWA The Bank of Canada said on Tuesday it was increasing its discount rate by 17 basis points to 8.38 per cent, its highest level in more than a year. This is the third consecutive increase by the central bank of its keyAFP - 80 words
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Page 5 Advertisements
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Advertisement173 1995-01-26 5 o 1 Johnnie I (>hISSK I I 1 I I if I w p i %A 1 i\ 1 I m i I i z I %/V 1 v i j it s 7 „»7. <* jp.- rnr ww Xw/ vk. -A— fj*# M ..Hl if -«p ■~y A '["IT""173 words
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INNOVATION & TECHNOLOGY
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Article, Illustration1013 1995-01-26 6 Seamus Phan - While others press ahead with new technology, it is banking on existing systems to turn a buck, reports Seamus Phan Seamus Phan The writer is the zone partner of a strategic, quality and technology management consulting firm IN Sun Tzu's The Art of War, we1,013 words
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198 1995-01-26 6 Reuter SHARP CORP of Japan yesterday said it had developed prototype displays for three-dimensional moving images that could provide a viable basis for high quality 3-D television. Sharp said its researchers in Europe had made liquid crystal displays (LCDs) panels used in computer screens,Reuter - 198 words
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IT TAKES
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67 1995-01-26 6 Bloomberg Business News BOULDER, Colorado The first soda fountain in space will be aboard Nasa's shuttle Discovery on its next flight, courtesy of the Coca-Cola Co. Half of its six-astronaut crew will drink Coca-Cola and Diet Coke during the flight slated for launch on FebBloomberg Business News - 67 words
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59 1995-01-26 6 Bloomberg Business News ROCHESTER, New York Eastman Kodak Co has hired a handful of senior marketing executives with expertise in computers to back its push into digital imaging. Many of the executives have logged years at Apple Computer Co, where Kodak's part-time marketing adviser, JohnBloomberg Business News - 59 words
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77 1995-01-26 6 UPI ST LOUIS, Missouri Researchers say they have made discoveries about changes in the brain that may have significant implications for such conditions as stroke, attention deficit and even chronic pain. The researchers from Washington University School of Medicine found that just before the skinUPI - 77 words
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Article47 1995-01-26 6 UPI WASHINGTON The survival rate for all organ transplant recipients is rising. A 1994 report based on 640 organ-specific transplant programmes at 261 hospitals nationwide showed that patient survival rates have improved across the board, with lung survival showing the sharpest increase. UPIUPI - 47 words
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SPORTS
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Article, Illustration618 1995-01-26 6 Australian Open AP MELBOURNE Andre Agassi and Aaron Krickstein scored a pair of quarterfinal victories yesterday that ensured an American will win the Australian Open title. Agassi, the flamboyant No 2 seed making his debut in the tournament, continued his relentlessAP; Reuter - 618 words
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364 1995-01-26 6 Reuter NEW YORK Patrick Ewing scored 11 of his 25 points in the fourth quarter to lead the New York Knicks to a 105-99 victory over the Portland Trail Blazers on Tuesday. The Knicks have won five straight games and are 13-1Reuter - 364 words
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513 1995-01-26 6 Run-up to Super Bowl XXIX NYT MIAMI Linebacker Ken Norton took a calculated risk when he left Dallas, a two-time defending Super Bowl champion that looked primed to three-peat, for the promise of championship glory with San Francisco. "All alongNYT - 513 words
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SPORT SHORTS
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Article, Illustration175 1995-01-26 6 TOKYO Japan Open Championships yesterday. Women's singles 2nd rd: Susi Susanti (Indon xl) bt Chikako Nakayama (Jpn) 11-3. 11-1; Kim Ji Hyun (SK) bt Dai Yun (Chn) 10-12, 12-10, 11-8; Camilla Martin (Den x 5) bt Aiko Tsuda (Jpn) 11-0, 11-0; Yasuko Mizui (Jpn) bt Huang Chia-chi (Tai) 11-5,175 words
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Article, Illustration48 1995-01-26 6 AFP WASHINGTON NBA results Tuesday: New York I OS, Portland 99; Orlando 110. Boston 97; Miami 107, Indiana 96; Detroit 116. Philadelphia 105; Phoenix 100. Minnesota 85; San Antonio 104. Chicago 102 (OT); Houston 115, Milwaukee 99; Seattle 111. Denver 89; New Jersev 106. Golden State 93.AFP - 48 words
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Article, Illustration66 1995-01-26 6 AP WELLINGTON, New Zealand Brian Lara scored 72 on Wednesday and guided the West Indies to a 41-run victory over New Zealand and an unbeatable 2-0 lead in the three-match limited-overs series. The West Indies made 246 for seven after New Zealand captain Ken Rutherford won the toss andAP - 66 words
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Article, Illustration69 1995-01-26 6 AFP YAOUNDE Cameroon's veteran football star Roger Milla has been banned by his Yaounde club from playing in Indonesia. Milla went to Jakarta earlier this month after Tonnerre Youandc gave him the go-ahead to play for Indonesia's Pelita Java club. But the decision has since been reversed. Milla's contractAFP - 69 words
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Article, Illustration130 1995-01-26 6 AP MANILA The world's elite golfers gather in Manila this week for one of the biggest paying tournaments. wondering whether Greg Norman's nerve has finally cracked. Norman, world No 1 Nick Price, golf wondcrboy Ernie Els. American Fred Couples, and top Europeans Colin Montgomcrie and Bcrnhard Linger will beAP - 130 words
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Article, Illustration32 1995-01-26 6 Reuter NEW YORK NHL games on Tuesday: Detroit 6 Vancouver 3; NY [slanders 4 Philadelphia 3; Quebec 5 Washington I; Calgary 6 St Louis 4; Dallas 4 Los Angeles 2.Reuter - 32 words
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Article, Illustration87 1995-01-26 6 AP NEWPORT, Rhode Island Chris Evert, whose 157 career tennis titles include 18 Grand Slams, will be the 163 rd player inducted into the International Tennis Hall of Fame on July 16. AFP MELBOURNE Australian Open yesterday. Men singles qtr-fi-nals: Andre Agassi (US) bt Yevgeny Kafelnikov (Rus) 6-2. 7-5,AP - 87 words
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Page 7 Advertisements
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Advertisement60 1995-01-26 7 q p To An The Companies WHO RELOCATED IN 1994: Thanks For Choosing Our Office I ;i f y 0 ast year we leased more than a million square feet of office space. To the companies above and everyone else involved, we'd like to say thanks for choosing Richard Ellis.60 words
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Page 8 Advertisements
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Advertisement1037 1995-01-26 8 Nothing Beats A Bud. where to wine, dine and entertain OF regri I He* I "-V— tfm. M- S I r m.i.iii.JAijin.[iiJ!iLimi.iiinii.RiLi" i 20 Jan -14 Feb 1995 "Lo Hei" And Feast Your Way To A Prosperous New Year! Feast on auspicious disbe# tifce Shark's Fn with Crab Meat, Braised1,037 words
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Advertisement319 1995-01-26 8 ra r fancy 'Beijing? I Then, we're delighted to suggest the Tine Court for a memorable dining experience. Our lunch menu offers a variety of dian fin 'Beijing dumplings, a selection HCKTC of set menus, and 'Beijing specialities Bfll/V such as 'Beijing 2>ue£, Qafyd Tench and Marinated Lamb. Taney some319 words
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LIFESTYLE
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Article, Illustration836 1995-01-26 9 Andy Meisler - Engineer-by-day, cartoonist-by-night Scott Adams tells Andy Meisler why he thinks his Dilbert comic strip is so successful Andy Meisler NYT REGULAR readers of comics pages recently witnessed the retirement of Gary Larson's The Far Side and may now be braced for the departure of BerkeNYT - 836 words
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Article, Illustration429 1995-01-26 9 CHATTERBOX Reuter Reuter UPI UPI BRITAIN'S Duchess of York won a court injunction on Tuesday preventing a former friend from revealing details about her private life or her marriage to Prince Andrew. The duchess, popularly known as "Fergie", took the legal move after theReuter; UPI - 429 words
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Page 9 Advertisements
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Advertisement392 1995-01-26 9 WHERE TO WINE, DINE AND ENTERTAIN p jAtv 3'peters A y Olde English Eating House I I 277 Orchard Rd #02-38 Specialists' Centre S (0923) §|l L When you spend $25/- or more at Fosters for lunch Hp or afternoon tea from Mon-Sat, show us your valid g&M Bp daily392 words
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Page 9 Miscellaneous
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Miscellaneous1167 1995-01-26 9 TV RADIO The Human Animal: The Biology of Ch 12 If Desmond Morris examines hu- J*>% man sexuality. Called an ani- W is complex. I extended and jtM linked to deep feelings. It is far IK removed from animal origins. I:. «s^R Tennis: Australian Open, Pete Sampras Sanchez Vicario \s1,167 words
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Article543 1995-01-26 10 EDITORIAL AN AWESOME responsibility rests on the shoulders of the US Federal Reserve Bank when it meets at the end of the month. Few other deliberations would have been watched more closely than its decision whether to raise US interest rates. And never before543 words
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WHAT THE OTHERS SAY
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Article191 1995-01-26 10 AMERICA'S VITAL INTERESTS should not be compromised by the vagaries of congressional politics, a dictum worth repeating but not always adhered to. Take the case of Mr Clinton's US$4O billion (SssB billion) loan guarantee package for Mexico. Congress has threatened to block it, even though many191 words
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Article215 1995-01-26 10 THE PEACE PROCESS between the Palestine Liberation Organisation (PLO) and Israel is being tested yet again. This time, 19 Israelis all except one of whom were soldiers were killed in another suicide bomb attack inside Israel's territory. As expected, the bloody attack shocked Israelis and strained215 words
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Article193 1995-01-26 10 LABOUR MINISTERS and officials from 82 countries at a recent New Oelhi conference of developing countries, organised by the Non-Aligned Movement, denounced Western attempts to enforce universal labour standards to govern global trade. Singapore was among those which adopted the Delhi Declaration. Faced with Western193 words
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Article180 1995-01-26 10 THERE WERE no explicit phrases in Transportation Minister Haryanto Dhanutirto's speech enlightening us on the retirement of Wage Mulyono as the president of Garuda Indonesia after only three years in that position. When Dhanutirto installed Soepandi, 58, on Friday as the new captain of the airline's180 words
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Article121 1995-01-26 10 THE MARKET has started acting fidgety over the future of the Japanese economy as damage from the Great Hanshin Earthquake in the Kobe and Osaka area has mounted to an unexpectedly large extent. On Jan 23, stock prices took a plunge on the Tokyo Stock121 words
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Article107 1995-01-26 10 CHINA'S PLAN to open an over-the-counter (OTC) market in stocks is a welcome indication that Beijing is committed to the long-term development of a sophisticated market economy. In the short term, however, the authorities will need to focus on a range of factors inhibiting the growth of107 words
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Article1308 1995-01-26 10 Newt Gingrich - Newt Gingrich says the United States of America is a nation which tries to solve problems for the good of the people in a way that no other civilisation ever h^s Newt Gingrich The writer is the Speaker of the US House of RepresentativesNew Perspectives Quarterly - 1,308 words
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Page 10 Advertisements
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Advertisement256 1995-01-26 10 INVESTING IN 1995 Should investors be bargain-hunting for stocks or cutting their losses in preparation for another punishing year? Or should they try new investment options? Find out in this month's Singapore Business. ALSO IN THIS ISSUE: What's the fate ageing 99-year homes? Million-dollar condos and their trimmings Infrastructure funds256 words
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Page 10 Miscellaneous
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Miscellaneous77 1995-01-26 10 (j j (MUST BC HeLLUVA) u»k3 S iwe cmfnp thf\T 9or\vfr v kr v \Soj»mmeß V GOCRiDORS U»TH R HPvUNIfeD/ ~—s .T y £2 <Sk} ~j fi&sf Q <0} JsJBL 35| Oil AjeS. HG, ewe. RpOGH yoo ivte G&CAT TfcAY*oU4M IQW vaJOOPS.:-. y yowftsrcß op '»n C A»»OCIATTONtW«*«Um L'o 'Ml-w77 words
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ANALYSIS
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Article, Illustration1293 1995-01-26 11 Leon Hadar Maggie Ford - While Leon Hadar explains why the Clinton administration's loan-guarantee package for Mexico is stuck on Capitol Hill, Maggie Ford discusses what Jakarta is doing to shake off the 'tequila effect' and reassure foreign investors Leon Hadar Maggie Ford The writer is BT's1,293 words
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1045 1995-01-26 11 WHEN Indonesia found itself besieged by speculators dumping the rupiah currency in the past few weeks, it was hardly a new experience. Unlike other Asian emerging markets, rumours of devaluation are an annual event for Jakarta, usually stilled by denials that any such1,045 words
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Article1341 1995-01-26 11 Richard Lapper - Richard Lapper examines the reasons behind the huge demand for global equity issues Richard Lapper FT INVESTMENT bankers who make their living helping businesses raise equity on international capital markets enjoyed a bumper year in 1994. Companies ranging from giants like Tele Danmark to minnows suchFT - 1,341 words
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518 1995-01-26 12 Leon Hadar - From Leon Hadar in WASHINGTON US PRESIDENT Bill Clinton called on Congress to support his US$4O billion (SSSB billion) loan-guarantee package to help the Mexican economy, saying that it was in the US national interest and would cost the American518 words
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Article, Illustration47 1995-01-26 12 Reuter DHAKA A policeman taking a nap while his colleagues sit idle at a city cross-section in Dhaka during a dawn-to-dusk nationwide opposition strike yesterday. Opposition parties called the strike to press the government to hold early polls under a neutral administration. ReuterReuter - 47 words
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378 1995-01-26 12 Bloomberg Business News WASHINGTON Sales of previously-owned homes in the United States rose 4.3 per cent to the second highest level on record in 1994 even as mortgage rates rose two full percentage points during the year. A strong economy, improved household finances,Bloomberg Business News - 378 words
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156 1995-01-26 12 AP MOSCOW A Russian news agency's erroneous report that Russian forces had shot down a combat missile launched from Northern Europe set off alarm bells yesterday. The "missile" turned out to be a Nasa-funded rocket launched to study the Northern Lights. The NorwegiansAP - 156 words
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413 1995-01-26 12 Reuter Bloomberg Business News WASHINGTON US Federal Reserve chairman Alan Greenspan warned Congress yesterday that the global trend towards free markets and democracy could be threatened if lawmakers failed to approve a US$4O billion (SssB billion) bailout for Mexico. House Speaker Newt GingrichReuter; Bloomberg Business News - 413 words
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315 1995-01-26 12 Reuter HOUSTON Compaq Computer Corp yesterday said its earnings rose sharply in the fourth quarter, but the leading personal computer maker made a bleak first quarter earnings forecast that stunned Wall Street. Compaq said its net income for the quarter surgedReuter - 315 words
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Article, Illustration771 1995-01-26 12 ANTHONY ROWLEY; ANTHONY ROWLEY - The Bottom Line ANTHONY ROWLEY ANTHONY ROWLEY The writer is BT's Tokyo correspondent THE EXISTENCE of an "independent" central bank is held by many to be a desirable feature of a modern economy. Yet in those countries where central banks have771 words
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Article286 1995-01-26 12 Bloomberg Business News Reuter SEATTLE Boeing Co yesterday said its net income fell 48 per cent in the fourth quarter as deliveries of commercial jets declined 18 per cent and research-and-development expenses rose. Net income fell to US$l57 million (***** million), or 46 USBloomberg Business News; Reuter - 286 words
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129 1995-01-26 12 Bloomberg Business News SEOUL Hyundai, South Korea's largest conglomerate, will sell or meiige 27 of its 50 subsidiaries by late next year to trim non-essential businesses and focus on a few strategic industries. Chung Se Yung, chairman of the group that has annual revenues of US$6OBloomberg Business News - 129 words
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328 1995-01-26 12 Reuter LONDON Beleaguered British advertiser Saatchi Saatchi Co pic got ready yesterday for a showdown with its rival offshoot The New Saatchi Agency over the prestigious British Airways account. BA. a strident critic of Saatchi's management style after it dumped co-founder Maurice Saatchi asReuter - 328 words
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Page 12 Advertisements
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COMPANIES & MARKETS
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Article, Illustration560 1995-01-26 13 Conrad Raj - From Conrad Raj in MANILA ALREADY one of the largest foreign investors here, the Keppel Group is all set to widen its activities in the Philippines with a proposed US$5O million (5572.6 million) expansion of its newlyacquired shipyard in Subic560 words
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Article, Illustration499 1995-01-26 13 William Chia - By William Chia SINGAPORE Listed paper trading and fast-food group Inno-Pacific Holdings is undergoing major boardroom changes following the recent entry of Malaysian shareholder Bintang Piramid (M) Sdn Bhd. Inno-Pac said yesterday that chairman Ridzwan bin Haji Dzafir had resigned with immediate effect, and managing499 words
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702 1995-01-26 13 Lee Han Shih - HOCK LOCKSIEW By Lee Han Shih SINGAPORE On Monday the Straits Times Industrials Index plunged 111.7 points, the biggest single-day fall in four years. Leading the dive was MercedesBenz dealer Cycle Carriage Ltd (CCL), which fell from $11.00 to $9.80. CCL's702 words
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297 1995-01-26 13 Ho Kay Tat - From Ho Kay Tat in KUALA LUMPUR INDUSTRIAL gas producer Sitt Tatt Bhd is on the acquisition trail again, this time with a plan to buy two firms that own a shopping complex for M 5233.7 million (SSI37 million).297 words
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159 1995-01-26 13 SINGAPORE Construct ion-based Resources Development Corp has taken a 45 per cent stake in a U5523.3 million (5533.8 million) property venture in Vietnam. The project in Ho Chi Minh City is a mixed-use complex of luxury apartments and offices for lease. RDC,159 words
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EYE on your STOCKS
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Article, Illustration46 1995-01-26 13 Firm 'Market Mood' indicates the likely trading sentiment today, based on brokers polled at 5-6pm yesterday. Overnight events may alter sentiment. Brokers polled: Alliance. Baring, Daiwa, Fraser, GK Goh, Kay Hian, Morgan Grenfell, OngCo, Nomura, Phillip, Smith New Court, WI Carr and SG Warburg.46 words
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Article, Illustration123 1995-01-26 13 Quak Hiang Whai - By Quak Hiang Whai LIKE DBS Land, Straits Steamship Land had also suffered quite a blow in the last few weeks. The stock rebounded yesterday with a six-cent gain. In the short term, the stock could continue to rise to test $4. But two negative signals have appeared123 words
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COMPANIES
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COMPANY BRIEFS
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Article47 1995-01-26 14 SINGAPORE Jurong Engineering's wholly-owned subsidiary Jurong Mobilisation Services Pte Ltd (JMS) has increased its issued and paid-up capital from $3 to $250,000 by capitalising its reserves. As a result, Jurong Engineering now holds 250,000 ordinary shares of $1 each fully paid in JMS.47 words
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86 1995-01-26 14 Bernama KUALA LUMPUR Berjaya Industrial Bhd has reported a group pre-tax profit of MJ92.68 million (5552.58 million) for the half year ended Oct 31, 1994. This compares with M 573.55 million in the year-ago period. A Berjaya statement said turnover improved to M 51.16Bernama - 86 words
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Article52 1995-01-26 14 SINGAPORE Floppy disk maker Datapulse Technology is investing $8 million to make CD-ROMs here. The new venture has been granted pioneer status. General manager and director Ng Leok Cheng expects the plant to reach monthly capacity of 800,000 to one million pieces when volume production starts52 words
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Article64 1995-01-26 14 Bloomberg Business News Bernama KUALA LUMPUR Asas Dunia Bhd, a housing developer, opened at M 54.44 (552.51) yesterday morning on the main board of the Kuala Lumpur Stock Exchange, 85 per cent above its M 52.40 issue price. It closed the day at M 54.06,Bloomberg Business News; Bernama - 64 words
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Article90 1995-01-26 14 IN Tuesday's Company Briefs, we carried a Bernama report that wrongly gave Setron Malaysia's pre-tax loss as Ms6l9 million for the nine months to Sep 30, 1994. It should be M 5619,000 and refers to results at the company level. The report also said that the pre-tax90 words
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235 1995-01-26 14 Al Labita - From Al Labita in MANILA INDONESIA'S Saliin Group yesterday forged a partnership with Japanese giant Nippon Telephone and Telegraph in a Manila tclccoms venture. Salim signed a memorandum of understanding with NTT president Masashi Kojima in Tokyo. The Indonesian group235 words
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Article547 1995-01-26 14 Manager*' grtew Jan 26 us Gr Fund 0 94 0.97— Singapore Unit Trust UOB Asset Mgt Ltd The Commerce 1.51 160 Umfund 1.25 1.30 The Savings Fund 1.41 1.49 IJnibondt 1.02 1.045 S'pore Prog Fund 0.53 0.56 United Gr Fund' 149 1.55 S'pore See Fund 0.88 0.93 United Asia Fund547 words
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Article, Illustration301 1995-01-26 14 Bloomberg Business News KUALA LUMPUR Illegal stock syndicates in Malaysia can make a bundle by manipulating prices at the expense of small investors. But regulators can do little to stop them, the executive chairman of the Kuala Lumpur Stock Exchange told the BloombergBloomberg Business News - 301 words
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302 1995-01-26 14 Leslie Lopez - From Leslie Lopez in JAKARTA THE surprise replacement of Garuda Indonesia's president and a highly questionable scheme to sell some of its aircraft have cast a pall over the state-owned carrier and plans to list its shares this year.302 words
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193 1995-01-26 14 Ruth Wong - From Ruth Wong in KUALA LUMPUR PEGI Malaysia Bhd has won approval from the Finance Ministry to buy Ipoh-based stockbroking firm Kin Khoon Sdn Bhd. but it comes with a list of stringent conditions. Pegi, which is a propertybased firm, disclosed193 words
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339 1995-01-26 14 Ho Kay Tat - Regional stock market round-up From Ho Kay Tat in KUALA LUMPUR MALAYSIA'S stock market staged a strong rebound yesterday to recoup most of the week's losses, but brokers said there were still too many uncertainties on the horizon for339 words
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95 1995-01-26 14 INDONESIAN shares continued their slow slide yesterday, and brokers said that until other regional markets showed clear signs of improvement the trend was likely to continue. "The fear factor is still out there and it's easy to come up with a sell idea," said95 words
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291 1995-01-26 14 Loh Hui Yin - From Loh Hui Yin in BANGKOK SELECTIVE buying of blue chips such as banks and telecommunications and reduced forced margin sales breathed some life yesterday into the much battered Thai bourse. The barometer Stock Exchange of Thailand (SET) index rose 20.43 points291 words
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Article222 1995-01-26 14 Anthony Rowley - From Anthony Rowley in TOKYO TOKYO stock prices staged a further modest recovery yesterday following their dramatic 5 per cent collapse on Monday. But analysts warned last night that the market is likely to remain very nervous in coming days. The Nikkei 225 average rose222 words
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377 1995-01-26 14 Lim Soon Neo - From Lim Soon Neo in HONGKONG BETTER-THAN-EXPEC-TED results at a public land auction and bargain-hunting in the stock market yesterday helped Hongkong's Hang Seng Index gain 3.10 per cent. At the close of the day, the index was up 217.82377 words
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411 1995-01-26 14 Al Labita - From Al Labita in MANILA MANILA Bargain hunters yesterday cashed in on the oversold market, pushing the Phisix, Manila's Composite Index, to 2,425.11, up 50.25 points. "This is now the start of our rebound," Baring Securities research chief Joey Salceda said, adding411 words
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204 1995-01-26 15 AFP TOKYO Japan's Matsushita Electric Works yesterday said group pre-tax earnings grew 10.1 per cent to 38.9 billion yen (***** million) in the year to November, forecasting a further increase this year. The building materials and lighting equipment affiliate ofAFP - 204 words
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516 1995-01-26 15 Stephen Vines - From Stephen Vines in HONGKONG SINGAPOREAN Robert Ng, chairman of Sino Land and Tsim Sha Tsui Properties (TST), is taking a gamble with the spin-off of his hotel and hospitality assets into a new listed company to be known as Sino516 words
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427 1995-01-26 15 Bloomberg Business News NEW YORK Four pharmaceutical companies posted increases in fourth-quarter earnings on Tuesday, helped by higher unit sales of new drugs and a weaker dollar. Pharmaceutical companies, under price pressure from managed-care plans such as health maintenanceBloomberg Business News - 427 words
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306 1995-01-26 15 Bloomberg Business News HONGKONG Bank of East Asia, Hongkong's thirdlargest publicly traded bank, said net profit rose 38.6 per cent in 1994 as it sold apartments in one of its property developments. The rise masked an increase of just 8.2Bloomberg Business News - 306 words
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611 1995-01-26 15 MARKET WATCH Reuter TAIPEI With plans for new science parks, US$lO billion (SSI 4.5 billion) in planned investments and a steady stream of talent returning from studies overseas, Taiwan's semiconductor industry is riding the crest of a wave. Taiwan Semiconductor Manufacturing Co LtdReuter - 611 words
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409 1995-01-26 15 Bloomberg Business News HONGKONG Hongkong conglomerate Swire Pacific is in negotiations to acquire controlling stakes in Coca-Cola bottling plants in three southern Chinese provinces, said executive director Jim Conybeare. If the talks with Chinese companies that have the threeBloomberg Business News - 409 words
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COMPANY BRIEFS
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85 1995-01-26 15 AFP NEW DELHI American pharmaceutical giant Eli Lilly announced two joint ventures on Tuesday with India's Ranbaxy Laboratories. Eli Lilly and Ranbaxy will have an equal stake in the two ventures, one each in India and the United States. The US$65 million (5594.2AFP - 85 words
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Article77 1995-01-26 15 Bloomberg Business News NEW YORK Nynex Corp said on Tuesday that its fourthquarter profit from operations rose 27.7 per cent to U*****.1 million, or 80 US cents a share, from U*****.5 million, or 64 US cents a share, a year ago. The results wereBloomberg Business News - 77 words
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89 1995-01-26 15 Reuter SYDNEY Australian investors shied away from the latest offer to invest in China's booming economy when Guangdong-based tyre-maker Pearl River Tyre Ltd fell 21 per cent in its debut on the Australian Stock Exchange yesterday. Pearl River, which raised A 545.2 millionReuter - 89 words
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Article42 1995-01-26 15 Bloomberg Business News TOKYO Nippon Telegraph and Telephone Corp lost 30 billion yen (*****.4 million) in damage to cables, equipment and facilities in the Jan 17 Kobe earthquake, company president Masashi Kojima said yesterday. Bloomberg Business NewsBloomberg Business News - 42 words
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Article74 1995-01-26 15 Reuter MELBOURNE A joint venture of Lend Lease Corp Ltd and IBM Australia Ltd has agreed to buy Energy Information Technology Co Pty Ltd from the Victoria state government for an undisclosed sum, the government said yesterday. The buyer. Integrated Systems Solutions Corp AustraliaReuter - 74 words
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60 1995-01-26 15 Bloomberg Business News LONDON J Sainsbury pic has agreed to buy 241 Texas Homecare stores from Ladbroke Group for £290 million (***** million) in cash, putting it on an almost equal footing in the United Kingdom and Ireland with market leader KingfisherBloomberg Business News - 60 words
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Article, Illustration249 1995-01-26 15 Bloomberg Business News HONGKONG At least one big investor is happy about declining stock prices in Hongkong Templeton. "We don't expect the market to turn up in the near term, but we see this as a good opportunity to gradually buy stock," saidBloomberg Business News - 249 words
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FINANCE & COMMODITIES
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547 1995-01-26 16 Bloomberg Business News NEW YORK Goldman, Sachs Co, buffeted by declining profits, began another round of job cuts on Tuesday, employees at the securities firm said. The United States' biggest investment banking partnership is cutting several hundred jobs because profits continue toBloomberg Business News - 547 words
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357 1995-01-26 16 William Chia - By William Chia SINGAPORE Listed Indonesian group Jakarta International Hotels Development has raised US$7O million (*****.6 million) through a consortium of banks led by Schroder International Merchant Bankers. Schroders Indonesia president director Bill Foo, who was in Singapore for the signing357 words
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Article, Illustration62 1995-01-26 16 Reuter SYDNEY Sydney's Futures Exchange trader Richard Gilmore reacting to new data showing that the price of living in Australia rose 0.8 per cent in the final three months of 1994. Australia's Bureau of Statistics yesterday said consumer prices over the 12 months toReuter - 62 words
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SMALL CHANGE
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94 1995-01-26 16 Reuter SYDNEY The state government-owned Bank of Western Australia (Bank West) said it expects higher profits for the year to Sep 30 in the lead-up to the expected privatisation of the bank this year. "Despite an increasingly competitive environment, and the sale of assetsReuter - 94 words
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Article94 1995-01-26 16 AFP TAIPEI Issuers of local and foreign credit cards in Taiwan enjoyed a booming business last year, with card holders spending more than NTS 150 billion (SSB.3 billion) with plastic, industry officials said. The amount was NT$55 million more than in 1993, showing that moreAFP - 94 words
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Article114 1995-01-26 16 AFP PARIS Major French bank Societe Generale's 1994 groupshare consolidated net profit should be at least equal to the 3.61 billion francs (SSI billion) scored in 1993, the bank said on Tuesday following a meeting of the board of directors. It said the gross operatingAFP - 114 words
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74 1995-01-26 16 Knight-Ridder MOSCOW Chase Manhattan Bank plans to open a Moscow securities centre, but not as soon as originally planned, Olma, a Russian investment company, told the Interfax news agency. Chase Manhattan had planned to open the centre, which will process securities bought by foreign companiesKnight-Ridder - 74 words
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250 1995-01-26 16 Bloomberg Business News HONGKONG In a finding which could help develop Hongkong's nascent mortgagebacked bond market, the Hongkong Monetary Authority (HKMA) yesterday said the colony's mortgages went beyond nearly all the standards set by a major rating agency. The conclusion cameBloomberg Business News - 250 words
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369 1995-01-26 16 Reuter TAIPEI Taiwan's gold dealers may begin trading 24 hours a day from March 1, a move likely to double the island's gold trade and sharply increase participation in foreign markets, officials said yesterday. Currently, all but a few designated companies are restricted toReuter - 369 words
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350 1995-01-26 16 Quak Hiang Whai - By Quak Hiang Whai SINGAPORE The Indonesian bond market is set to take off. A report by Crosby Capital Market International says that recent developments, such as the establishment of a credit rating agency and plans to promote a centralised clearing system,350 words
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303 1995-01-26 16 tSnfOfnOVK' ENERGY REPORT LONDON Oil futures in London and New York were mixed, even though the American Petroleum Institute reported a drop in US crude and refined product inventories. Traders said yesterday's initial price surge was excessive and provided an opportunity for some participants303 words
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Article190 1995-01-26 16 Reuter LONDON The dollar was locked in a narrow range in European trading after an uneventful overnight session, with the market awaiting Federal Reserve chairman Alan Greenspan's congressional testimony. After disappointing results at Mexico's weekly auction of Tesobonos the market will be focusing on Greenspan's testimony on the $40Reuter - 190 words
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Article95 1995-01-26 16 AFP NEW YORK The dollar firmed against other major currencies except the Japanese yen yesterday in an active market, boosted by what turned out to be an erroneous report that Russia shot down a missile launched from northern Europe. At 1500 GMT, the dollar was quoted at 1.5140AFP - 95 words
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Article, Illustration1314 1995-01-26 16 I rade-*eighted index ixtkidatexJ against S'potr's lap 14 trading partners Base year 198} USS/SS forward rates Noon Jan 25 s$ Bid Ofltr 1-month 1.4473 I 44*S 2-month 1.4443 1 4458 3-month 1.4414 1.4427 6-month 1.4337 1.4357 Source: OCBC FOREIGN CURRENCY NOTE RATES As at tan m la* 25 Singapore dollars1,314 words
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COMMODITIES & FUTURES
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1346 1995-01-26 17 SIMEX REPORT Reuter SINGAPORE Simex Eurodollars were Hat and Euroyen futures easier at the close. Eurodollars were stuck in narrow range trade after President Clinton's speech to the Congress failed to move the market much. A trader said the market was waiting to see whatReuter - 1,346 words
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672 1995-01-26 17 COMMODITY REPORTS Rubber TOKYO: Rubber futures closed up the daily seven yen/kg limit after a sharply higher expiry of the spot January contract at noon yesterday fuelled bullish sentiment, traders said. The benchmark June contract closed 6.3 yen per kg higher at 176.3. while672 words
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KNIOUT-RIDDER COMMODITY SUMMARY
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105 1995-01-26 17 BANGALORE India's most regular coffee auction held by the state-administered Coffee Board within a few weeks could stop if growers do not withdraw their threat to halt supplies from Feb I. This was confirmed on Tuesday by Philipose Matthai, the Board's chairman and a senior105 words
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100 1995-01-26 17 HANOI Vietnam has signed a rice export contract with US firm TDI, the Vietnam News Agency said yesterday. The contract, between state-owned food import-export company Vina food and TDI of the US, calls for the export of 500,000 tonnes of rice. It is100 words
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133 1995-01-26 17 VANCOUVER Royal Oak Mines Inc of Vancouver may have lost the battle for control of Lac Minerals Ltd, but it's winning the war for higher gold production. Royal Oak announced late yesterday that it will produce 425,000 ounces of gold in 1995 from133 words
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Article1403 1995-01-26 17 Rubber Singapore CMMdity Exduisc (futures desteg as at S.MpaO RSS 1 Ceatract (S ccnts/kg) Close Volume Open Month High Low Sett (tonnes) Interest Feb 95 I I 257.50 I 650 Mar 259.00 850 Apr 260.50 260.50 261 00 325 3350 May 260.50 260.50 261.00 325 3700 Jun 260.501,403 words
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REGIONAL STOCK MARKETS
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Article1053 1995-01-26 18 -11.7 BETTER than expected inflation figures failed to impress Australian shares, which drifted lower in thin trade. The All Ordinaries Index fell to 1,850.3 points, 11.7 below Tuesday's finish. The All Resources Index fell 6.4 to 1,218.S and the All Industrials Index slumped 18.7 to 2,693.9. Turnover was 1401,053 words
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Article644 1995-01-26 18 +50.25 A last-minute buying surge pushed share prices sharply higher, inspired by the recovery of regional markets and investors picking up bargains. The PSE Index gained 50.25 points, or 2.12 percent, to close at 2,425.11 points. Turnover was 4.95 billion shares valued at 1.32 billion pesos. "The rebound of644 words
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Article609 1995-01-26 18 131.83 Stocks staged a robust comeback on bargain hunting, with all eight major categories of shares enjoying gains. The 420-issue Weighted Price Index recovered 131.83 points to 6,299.62 points. Turnover was 1.19 billion shares worth NT547.9 billion. The market opened high and peaked at 6,329 points, with the index609 words
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Article455 1995-01-26 18 +0.02 Share prices ended a three-day downslide and finished mixed yesterday after institutional investors shored up a still gloomy Korea Stock Exchange. The Composite Price Index close at 916.85, firming 0.02 point. Turnover remained thin with 25.5 million shares valued at 506.2 billion won traded. Falls swamped rises 604455 words
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Article308 1995-01-26 18 -15.43 Falls in leading stocks Carter Holt and Fletcher Challenge dragged the main share index to a lower close. The NZSE-40 Capital Index closed at 1,907.65, 15.43 points down. Fletcher finished 12 cents down at NZ$3.6l, while Carter closed nine lower at NZ$3.l6. Brokers said there was no308 words
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Article84 1995-01-26 18 +38.53 Short covering by local brokers on the last day of the current settlement period enabled the 30-share BSE Index to recover 38.53 points to close at 3,449.57. The 100-share National Index climbed 8.85 to 1,681.35. "The foreign mutual funds restricted their selling fearing delivery problems on the last84 words
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WORLD STOCK MARKETS
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Article652 1995-01-26 18 Britannia Funds Sterling Cash Bid Oder Mim Cap Depowl it 6400 3* 6500 M.mJenevGih .Oil«93 ***** Mim Ma* Incomc ****** ****** L'SS Cash Income Plus Fund 9 3900 10.1100 PS Reserve Fund 5 3700 5 MOO Sterling Fruity Euro Performance 0.4592 0 49M Far Eatf Fund *2 7650 *2 9730652 words
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Article610 1995-01-26 18 +13.2 HARES crept to close higher, but off their day's peak as a spate of fresh bid speculation and stronger futures helped lift stocks to close narrowly higher, dealers said. The FTSE-100 index closed up 13.2 at 2,982.2, with trading in speculative stocks helping boost volumes to moderate levels.610 words
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Article153 1995-01-26 18 15.58 French shares held most of their gains from a secondday technical rebound in thin trading, dealers said. But they said the rise did not appear to be backed by any fundamental change in sentiment. 'The strong growth in North America and the demand for capital from Japan will153 words
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Article190 1995-01-26 18 -5.77 German shares traded down but steady in post-bourse dealings. Weak car shares still weigh on market. Dealers said investors were looking to Wall Street, which opened down, for direction. The DAX 2,000 level is seen as support but if US funds sales in German car sectors continue, this190 words
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Article186 1995-01-26 18 -3.37 Belgian stocks fell after a decline in bonds reduced the value of assets held by bank and insurance companies and raised corporate borrowing costs. Royale Beige led the decline among financial stocks, falling 40 francs to 4,380. Banque Bruxelles Lambert fell 20 to 4,570. Generate de Banque dropped186 words
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Article137 1995-01-26 18 -199 Italian shares tumbled with the selling picking up in the afternoon on profit-taking after new Prime Minister Lamberto Dini won as expected a confidence vote in the Lower House. But the fact the abstentions and a small number of "no" votes slightly outweighed the number of votes in137 words
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Article237 1995-01-26 18 -0.43 Dutch shares lost ground just before the close in line with a dip on Wall Street and dealers said the market could fall again before making a real recovery. The EOE Index closed at 407.09 points, down 0.43, after earlier dropping to an intra-day low of 405.40. "The237 words
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Article146 1995-01-26 18 -5.48 Swedish shares closed low on a weaker crown and rising bond yields. The OMX Index fell 5.48 points to 1,151.99 in turnover of 3.145 billion crowns. Turnover was pushed up to 3.15 billion crowns by two large deals in haulage concern ASG totalling 460 million crowns. Brokers said146 words
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Article228 1995-01-26 18 -9.7 Swiss shares slipped after a mixed morning. Dealers said trading was characterised by special situations, with business mainly between professionals. The SMI Index of leading shares closed down 9.7 points at 2,525.5. The allshare SPI Index was 6.08 lower at 1,658.00. Dealers said some volatility came from derivativelinked228 words
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Article291 1995-01-26 18 -40.5 South African share declines steepened in afternoon trade to leave prices well down on the day amid continued concern about foreign selling and market prospects. Dealers said declines had been driven mainly by limited buying interest and continued negative sentiment on the gold board. The Overall Index closed291 words
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Article243 1995-01-26 18 +0.80 Stocks were mixed in early light trading, depressed by sliding Canadian bonds as financial markets look for direction on interest rates. The TSE-300 Index edged up 0.80 to 4,081.60 points on volume of 7.4 million shares valued at C 5104.4 million. Falls outpaced advances 142 to 123, with243 words
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Article668 1995-01-26 18 +4.04 The Dow Jones Industrial Average, which slid 4.71 points on Tuesday, was ahead 4.04 to 3,866.74 at 11 am EST. The key barometer was down 16.49 shortly after the market opened. The NYSE Composite Index was ahead 0.31 to 254.01, while Standard Poor's 500-stock Index was up668 words
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Article, Illustration2887 1995-01-26 19 Bloomberg Business News HONGKONG Stocks climbed, led by real estate shares, on hopes that next week's expected increase in interest rates will be one of the last in the current cycle, traders said. The Hang Seng Index was up 217.82 points, or 3.1 per cent, at 7,240.72. The AllBloomberg Business News; Source: Bridge Info - 2,887 words
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Article, Illustration566 1995-01-26 19 CLSA THE H index edged up 0.8 per cent on turnover of HKS6I.4 million. Harbin Power continued its rebound, closing at HKS2.3O on moderate turnover of HK52.6 million. Turnover in both Chinese B markets shrank following the "T+3" ruling that trades undertaken yesterday will have to wait until FebCLSA - 566 words
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Article, Illustration2505 1995-01-26 19 Bloomberg Business News TOKYO Stocks rallied, led by building and construction materials shares expected to profit from the reconstruction of quake-shaken western Japan. "The real interest is definitely in the construction sector," said a dealer. "Not only the ones that are going to see new business but all theBloomberg Business News; Source: Bridge Info - 2,505 words
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Article, Illustration1684 1995-01-26 19 Reuter BANGKOK Stocks closed higher on buying of blue chips spurred by rises in most key regional markets and authorities' moves to support the market, brokers said. The SET Index rose 20.43 points to close at 1,213.78 on 4.47 billion baht turnover. "The market was pretty quiet but theReuter; Source: Bridge Info - 1,684 words
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Article, Illustration1170 1995-01-26 19 Reuter JAKARTA Share prices rebounded slightly at the close on some late buying but were still lower than the opening level. Brokers said piled-up foreign selling was still immense but it could be partially absorbed by domestic investors. "In the last few minutes before close, some foreign buying seemedReuter; Source: Bridge Info - 1,170 words
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Article2121 1995-01-26 20 1994*5 Laal Vol l)a, Laa4 Qao* Dh Oh VM firt M Cap ll«fc Law CaapMy COM) ll%h Lw» fcyw Sdkr CV P/E $mH MALAYSIAN STOCKS 398 160 m AKSB 50c 230 34 6 230 225 220 235 JO -2.9 0.4 2J* 206 77 5 m AMD8 50c +62,121 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration6306 1995-01-26 20 Bloomberg Business News KUALA LUMPUR The benchmark stock index rose 3.6 per cent as investors picked up stocks whose prices had fallen below perceived fair value during five days of declines. "The panic selling just overshot itself the other day," saidBloomberg Business News; Source: Bridge Info - 6,306 words
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STOCK EXCHANGE OF SINGAPORE
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Article8360 1995-01-26 21 Iw— Cr Cr M Wl I994/95 IM Vol Da> IM Quoit Div Div VU Net Cap A>| Hifh Low Corn pan) Sole (000) High Low Bujrr Seller C'«r P'E imil Price INDUSTRIAL AND COMMERCIAL 720* 388 ml s Aetna 50c -104 +14 122 408 388 404 408 88 4.7 I.I8,360 words
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Article, Illustration1887 1995-01-26 22 R Sivanithy - By R Sivanithy SINGAPORE Local stocks showed further signs of recovery yesterday and they were more reassuring than those on Tuesday. Brokers detected institutional bargain hunting on both sides of the Causeway that led to an across-the-board firming. But they warned againCharts by Bridge Infoo; Source: Bloomberg - 1,887 words
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Page 13 Advertisements
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Advertisement271 1995-01-26 13 NEWS VALUE Public tranche of SM Summit's IPO subscribed a mere 3.4% (pg I) Keep an eye out for bargains when trading starts. Regional markets recoup more losses (pg I) Markets still vulnerable to bad news, some of which could be lurking over the horizon. Greenspan raises concern that inflation271 words
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Advertisement318 1995-01-26 14 I HFHlline I An SPH AudioTex Service In English Number Your Daily Stars 8450 The Aquarius Man; Win Prizes! Entertainment News 8451 Juicy News Of Elton John, Linda Gray, Cher, John Travolta... Ghost Stories 8452 A Face That Sank A Thousand Guts; Win Prizes! Children's Funland 8453 Song If You!318 words
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Page 15 Advertisements
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Advertisement133 1995-01-26 15 We provide shelf companies and incorporation services in ALL jurisdictions, including British Virgin Islands Cook Islands Cayman Islands Hong Kong Bahamas Western Samoa Full nominee, management, corporate secretarial and professional administration services are available. We specialise in offshore trusts, offshore banks, and captive insurance companies for qualified applicants. For further133 words
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Advertisement172 1995-01-26 15 This announcement appears as a matter of record only gp JI H O P.T. JAKARTA INTERNATIONAL HOTELS DEVELOPMENT U5570,000,000 TRANSFERABLE LOAN CERTIFICATE FACILITY Arranger Schroder International Merchant Bankers Limited Co-Arranger (for Korea) Saehan Merchant Banking Corporation Senior Lead Managers Bangkok Bank Public Company Limited, Singapore Branch Jakarta Branch Credit Lyonnais,172 words
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Advertisement752 1995-01-26 17 NOTICES DO SERVICES PTE LTD (In Voiumary I iqmHatkm) NOTICE OF PINAL MEETING NOTICE IS HEREBY GIVEN, psnaai Is Ssaios 309 of ihe Campastes Act Cap. 30, tkal tke FINAL MEETINO of Iks Meabcn of tks ShwsaMMd Conpssy w« bs held SI Asm* Road, #02-37 A #02-39, Assos Cestre, Singapore752 words
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Advertisement48 1995-01-26 17 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead. 1800-737-1166 Make the connection through The Straits Times Classified when you're looking for /rfX bargains or JL looking for customers. Just give us I a call. CAT A48 words
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Page 18 Advertisements
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Advertisement25 1995-01-26 18 i h Putget Boutique and Service Centre I f jffT •01-Ol Mandarin Shopping Arcade, jL I The Mandarin Singapore, j I 3J3 Orchard Road, Singapore25 words
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Page 19 Advertisements
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Advertisement141 1995-01-26 19 I Over 30 years of experience has led Svenson to the Single Hair System JEM Svenson Hair Center has helped thousands of people counteract hair and scalp V HL problems with their unique formulations based on research gathered from leading institutions the world over. With years of technological development the141 words
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Page 20 Advertisements
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Advertisement59 1995-01-26 20 SINGAPORE THE HOUR GLASS Takashimayo Shopping Centre Tel. *****20 Zml Lucky Plaza Tel. *****62 Scotts Tel. *****27 Centrepoint Tel. *****98 Peninsula Pkua Tel *****09 Raffles Hotel Tel *****41* World Trade Centre Tel *****51 Chcngi Ajrport Terminal 1 (West Wing) Tel *****60. Termrtal 2 (South Wing) /ll Tel *****61 MALAYSIA THE59 words
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Page 21 Advertisements
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Advertisement6 1995-01-26 21 The Cl)riotopl)er Columbufi Collection celtic ii6 words
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Page 22 Advertisements
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Advertisement314 1995-01-26 22 NOTICE NOTICE IS HEREBY GIVEN that, I TAN KOK WHATT of Blk 480, #10-463 Drive 4, Pasir Ris Singapore 1851, have applied for a Public House, First Class (Extended) Licence in respect of premises at M/s BUSHIDO LOUNGE KTV at 324-S 324-U, Changi Road Singapore 1441, and that this application314 words
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Advertisement347 1995-01-26 22 NOTICES NOTICE NOTICE IS HEREBY GIVEN that, I TAY YEW HOCK of 1, Jalan Anak Bukit #06-12 Singapore 2158, have applied for a Beer House First Class Licence in respect of premises at M/s Mayo Food Court at 9 11 Jalan Besar Singapore 0820, and that this application will be347 words
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Advertisement305 1995-01-26 22 IN THE MATTER OF THE COMPANIES ACT, CAP. M AND IN THE MATTER OF CONTROL POINT MARINE (Si PTE LTD (IN VOLUNTARY LIQUIDATION! MEMBERS' VOLUNTARY WINDING-UP At an Extraordinary General Meeting of the Member* of the abovenamed company, duly convened and held at 101 Thomson Road. #21-OIAO2 United Square. Singapore305 words
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Advertisement152 1995-01-26 22 BANCROFT DftECT MMKETWG PTE LTD (MerOer* Vokrtwy UMdrton) Noloelshsrsbygfcantiatffwasdtors of twabovansmed Company wNetiia being vokrtarFywouidip.arefsqLlrsd on or Mot* 28ti February, IMB to send in tisir names and addresses wtr »*partoiarsof fwir dsttsand claims, and tie names and of their solicitors (If any) to the iniMflrw) Iqudalor and required by nolce152 words
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Advertisement547 1995-01-26 22 IN THE MATTER OF THE COMPANIES ACT, CAP. St AND IN THE MATTER Of CONTROL POINT EXPORTS (S) PTE LTD (IN VOLUNTARY LIQUIDATION! MEMBERS' VOLUNTARY WINDING-UP Al an Hxtraordinary General Meeting of the Members of the abovenamed company, duly convened and held at 101 Thomson Road. #21-01/02 United Square. Singapore547 words
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Shipping Times
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344 1995-01-26 23 Rahita Elias - By Rahita Elias SINGAPORE American President Lines, Malaysian International Shipping Corp, Mitsui OSK and Nedlloyd Lines will use 17 ships on their proposed joint service between East Asia and Europe. The fixed-day service, with two sailings a week, will be kicked344 words
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420 1995-01-26 23 AFP LONDON World shipping had a "calamitous" 1994, while the year proved the toorst ever for claims on aviation insurers, the Institute of London Underwriters (ILU) said on Tuesday. There was a huge increase in loss of life at sea lastAFP - 420 words
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421 1995-01-26 23 AP NEW YORK Boxes of grapefruit, bales of cotton and crates of toys sit untouched on Kobe's once-bustling docks. Shipowners scramble to reroute their leviathans to other ports. v The earthquake that shattered the port of Kobe has jolted the delicate dance of world shippingAP - 421 words
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604 1995-01-26 23 Page Col Able Shpg 7 4/5 Accord Group 8 1-3 •Ahlers Lines 13 S Ahrenkiel Liner 4 1/2 •Appenship 4 4/5 •ANL 3 4/5 •ASCL 5 5 Astro Shpg 8 4 Avant Shpg 6 4/5 •Bank Line, The 9 5 Batamindo 7 3604 words
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Article, Illustration72 1995-01-26 23 Reuter LABADIE, Haiti With the Royal Caribbean Cruise Line resuming its service to Haiti, American tourists enjoyed the beach of Labadie on the north coast of Haiti on Monday, for the first time since October 1991. In the background waits the cruise ship Sovereign ofReuter - 72 words
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206 1995-01-26 23 Reuter LONDON Shares in Ocean Group pic yesterday rose four pence to 291 pence by 1005 GMT after the transport group announced restructuring plans, including provisions of £25.9 million (5559.9 million). "The market is taking the restructuring rather well," a market makerReuter - 206 words
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Article1501 1995-01-26 24 FREIGHT futures traded on the London Commodity Exchange clawed back some of the hefty losses they have suffered since last week but recovery will depend on newbuilding and scrapping levels, shipbrokers say. The widely traded April contract which plummeted 2SI points over the last 10 days gained 361,501 words
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Article389 1995-01-26 24 COURSES Title: International Freight Forwarding I (SDF 70%) Duration: Feb 9 Apr 20 Organiser Singapore Freight Forwarders Association Tel: For further details contact SFFA Secretariat at 253-7550 or fax: 253-2303. Title: Container Management (SDF 70%) Duration: Feb 15 Mar 2 Organiser Singapore National Shipping Association Tel: For further389 words
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Article, Illustration1056 1995-01-26 25 Seatrade Review Monthly THE IMO Convention on Standards of Training, Certification and Watchkeeping for seafarers was first drafted in the early 1970s and subsequently implemented in 1978. Its task initially was to establish basic international standards of training and competence for all seafarers including masters,Seatrade Review Monthly - 1,056 words
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8941 1995-01-26 32 This is a list of ships loading at Singapore for ports around the world. It tabulates, by destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. LEGEND PN: ship calls8,941 words
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Article, Illustration1237 1995-01-26 35 Los Angeles Times RETIREE Bee Newman knows what she wants in an airline: "No frills. No nothing. But cheap." So the choice was easy when the New Hampshire resident visited .JTalifornia last fall. She flew on Leisure Air, a year-old carrier offering a US$l9B (SS2B7)Los Angeles Times - 1,237 words
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Article3349 1995-01-26 36 A XaBC Conlainerline NV: Belsin Shpg Agencies Pte Ltd (SVMarinc Handling Sdn Bhd (PK/PN). Accord Group: Accord Shpg Pte Ltd (SyAccord Contr Line (PK/PN). Adkris Business Corporation Philippine: Calsource Shpg Trdg Pte Ltd (S) Ahrenkiel Liner Service: Kim Shpg Trdg(S). Albatros Sea-Air Service: Frata Shpg Pte Ltd (S).3,349 words
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Article277 1995-01-26 36 Abacus C ouriers Tel: 545-8011. Fax: 545-1898. Air Express I ravel Tel: 533-5771. Fax: 535-6144. Airborne Freight C orporation Tel: 542-8844 Fax: 542-3716 *****80. Airswift Worldwide Courier Tel: 278-0188. Fax: 273-8283. AJS Supplies Tel: 748-6322 (2 lines), 747-7421. Fax: 742-8975. City-Link International Tel: 344-3377. Fax: 345-6450. Cluster Link277 words
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Article1515 1995-01-26 36 Abex Fx press Freight Tel. 542-7171. Fax: *****84. Actinic Forwarder Td: 225-1833. Fax: *****42. Activair Singapore Td: 542-7822. Fax: *****20. Aerolink Freight International Td: 545-8033. Fax: 5450W5. \erospeed Td: 542-5911. Fax: *****18. Air Cargo Novo Express Td: 542-5454. Fax: *****06. Air Fxpress International Tel: 542-7666. Fax: *****74. *****50.1,515 words
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Article2435 1995-01-26 37 ARGENTINA Santa Fe: No vessels berthed, no vessels in roads, no vessels due. Diamante: One vessel loading, wheat, no vessels in roads, no vessels due. San Lorenzo: Four vessels berthed of which 3 loading soya bean meal pellets. I discharging crude oil, 5 vessels in roads. 16 vessels2,435 words
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Article585 1995-01-26 37 CRUISE FERRY SCHEDULES CRUISE SHIPS Ait Dtp Name of Vessel ETA E I D Ports of Calls Port \genl Telephone No JANUARY 26 26 Renaissance I 0800 1100 Penang Renaissance Cruises 222-3388 26 26 Calypso 0900 2000 Jakarta Gulf Agency (S) 225-6942 26 26 The Empress 1200 2030 Port Klang585 words
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Article1430 1995-01-26 37 THE earthquake in Japan has rendered the major steel mill in the area inoperative which has led to the cancellation of a number of cargoes and potential fixtures. Vessels awaiting to discharge locally are now looking for other facilities which will lead to some congestion.1,430 words
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SHIPS IN PORT
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Article546 1995-01-26 38 Voy No Bwth total Dgrtw llwj Voy Wo Bwtti frrwal Departure -JurongPort Faith 22/S8 f"04 25 01/2300 26 01/2359 'Asean Glory 5 J8/9 abrade 26.01/2359 Har»est Ace 405 P07 2501/2300 2801 0/00 Bonanza 9502 120/21 *x*ade 26.01/0700 Inabuk.a 03/95 P03 2601/1500 2601/2300 Buana Abaft 03/95 13 iongade546 words
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Article1368 1995-01-26 38 RECEIVING OF EXPORT FCl CONTAINERS AND LCL CARGO DECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Booking/Balance Rsits ■She Voy No Etb/Btr Period From To From Jta Dasy 061B 27/2359 lA 25/1500 25/1669 25/1900 IB 25/1500 25/1659 25/1900 3 26/0700 26/1159 26/1400 4 26/1200 26/1459 26/1700 Ma1,368 words
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Article842 1995-01-26 38 THIS twice weekly report, compiled by Cockett Marine Oil Ltd. shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on average-sized stem. Market movements are Indicated. The Cockett Bunker Price Index change and842 words
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Article546 1995-01-26 38 Cartoon Carton tan 19 Density Water Readuc A* Nwtoum Sedment tasty Water Residue Ash Ataman Sedbnert M/M 1 M/M Exxon Ewfl" KG/IT3 V/V M/M M/M PPM method KG/IT3 V/V M/M M/M PPM method Eastern USA 180 Ave 986 0 2 13.3 0 08 11 0 BO/ta*546 words
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AIR AND LAND TRANSPORT NEWS
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455 1995-01-26 40 Washington Post WASHINGTON The three major unions at USAir Inc on Tuesday struggled to reach a pain-sharing agreement on how to absorb billions of dollars in wage cuts and contract concessions on the eve of a board of directors meetingWashington Post - 455 words
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444 1995-01-26 40 Bloomberg Business News HIGHLAND PARK, Michigan Chrysler Corp, in a bold swipe at the nation's central bank, said the Federal Reserve could push the auto industry into recession if it raises interest rates again. The Fed raised rates six times last yearBloomberg Business News - 444 words
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387 1995-01-26 40 CHICAGO UAL Corp on Tuesday posted its first fourthquarter profit in five years and made money for all of 1994, boosted by strong demand for air travel and cost savings from the company's employee-buy-out programme. The Chicago-based parent of United Airlines387 words
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235 1995-01-26 40 Reuter BRUSSELS Swissair's offer to buy a stake in Sabena will give the Belgian carrier a much-needed cash boost and open up European skies to the Swiss airline, European aviation analysts said on Tuesday. "It will provide Swissair with an entry pointReuter - 235 words
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172 1995-01-26 40 Reuter BANGKOK Thai Airways International and Ansett Australia yesterday signed an agreement to explore collaboration in such areas as code sharing which includes sharing reservations systems in the Australian domestic market, coordinating schedules and joint marketing. Ansett is jointly owned by News CorpReuter - 172 words
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Article, Illustration53 1995-01-26 40 Reuter HANOI Vietnamese businessman Le Thang Long showing a big BMW key given to him after he became the first buyer of a locally assembled BMW 525 i car. He was given the key during the company's official launch at Hanoi's Vietnam Motors Corp plantReuter - 53 words
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LOG BOOK
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93 1995-01-26 40 Reuter LONDON Britain's Ministry of Defence is set to order 40 Boeing Chinook helicopters instead of placing an order with domestic manufacturer Westland Group pic, the Independent newspaper reported yesterday. Civil servants told the Independent that placing the £1 billion (552.3 billion) order withReuter - 93 words
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104 1995-01-26 40 Bloomberg Business News LONDON The Vienna International Airport on Tuesday said passenger traffic in 1994 rose 7.8 per cent from a year earlier to a record high of 7.73 million people as a wider variety of destinations were introduced to travellers. Scheduled charter flights increasedBloomberg Business News - 104 words
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87 1995-01-26 40 Reuter BUDAPEST A government review panel has approved a deal under which Huang Danczkay Properties Inc of Canada will build a new terminal at Budapest's Ferihegy airport, the official Hungarian news agency MTI said on Tuesday. Quoting a statement from the Ministry of Transport,Reuter - 87 words
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66 1995-01-26 40 AFP TOKYO Japan's Mitsubishi Motors Corp will market in Japan compact passenger cars to be manufactured at its Dutch venture with AB Volvo of Sweden and the Dutch government, a newspaper said yesterday. The Nihon Keizai Shimbun said the Japanese car maker planned to sellAFP - 66 words
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285 1995-01-26 40 Reuter DETROIT After years of losses, Italian sports car maker Alfa Romeo said on Tuesday that it will stop selling cars in the United States and Canada at year-end. The maker of flashy and expensive sports cars said it hadReuter - 285 words
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Article1454 1995-01-26 40 ati nm et* fi» n»_ a$ nw n* nm n»_ torn Mubi GA985 1105 GF147 1850 TG407 2120 ££1*® }'J0 Ho CM MM City VN741 1310 SO 172 1000 {Sgfl SQ171 1450 VN740 1410 GA975 1535 Hiigfc—g UA1 0050 UA2 1215 SQ1 1135 CX710 0640 9SL1,454 words
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Page 23 Advertisements
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Advertisement39 1995-01-26 23 ■VA AnMit WM l» PUMn llnohMn MX AnMng Fri to Tokyo, Osaka Yokohama Hotline 326Q23Q Jfl Reform of STCW Convention soon, Pg 3 Low-cost US carriers reshaping industry, Pg 13 USAir unions near pact on pay cuts, Pg 1839 words
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Advertisement35 1995-01-26 23 Line* and service* represented by /3£jpfe&\ A! ILM Qnni^ Amj A AJMAJASAAW Pi I Memoeff or tn€ Hegittry ov Accredited "Hwaf Shipping Agent*. Singapore National Shipping Association. For advertising enquiries, contact Shipping Times. Tel 740-2089/740-209035 words
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Advertisement29 1995-01-26 23 PERSONAL FINANCE j INVESTMENT Every Saturday in Business Times —> (cwsQl EYE ON THE TIGERS Nobody covers East Asia like we do. The Region. Everyday. Business Times we atom Am29 words
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Page 24 Advertisements
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Advertisement1633 1995-01-26 24 mmCTCiuxTOOT«TCO««T(»c») -1 lIP WWT I I SSEL WT TNK U OM KS 5* ML NOBTW CMC M KBCO U HBP TOP. |U| KI HJET UM|W CB MHUMhW KIBTU «ja/W» m IO J MOID CMUM MHCDMD I SITTU ITCH r«2T™l ii I H 'j I cafma»ißum n Si u u ai1,633 words
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Advertisement46 1995-01-26 24 i m o i o 0 o I H 1 ft* I P LEAD BY EXAMPLE^ j I M For some of the best examples" of good management. Enterprise Management. Every Monday. -J I ft SINGAPORE# f 1 mi MM BusinessUmes fl a a —————————J a46 words
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Page 25 Advertisements
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Advertisement979 1995-01-26 25 ittl/VOY SIX PSQ DXB SHJ KWI AUH DMH BAH DOH VSL/WT Sfl BH? BUM 51 —L —OB M IL MUM CI9IR 31/1 13/2 U/2 13/2 15/2 14/2 14/2 15/2 17/2 BMM CIIIR 31/1 14/2 U/2 *MM CM* 31/1 V 2 11/2 M BAJMH Cl 42* 6/2 21/2 IS/2 21/2 22/2979 words
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Advertisement403 1995-01-26 25 ANL. IT'S AUSTRALIAN FOR SHIPPING TO AUSTRALIA (EABT COABT) I FROM kmtmmkmm&imfi wisi toy *1 m ssr m srt> ko ouo hob kssl voy mi rrc mo m hob kt iimmin 20/ei m/*i 02/02 is/02 u/02 21/02 24/02 wcowrra *vj 17/01 20/eil- J ft. MKiaftU* MS 01/02 07/02 M/ 02403 words
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Page 26 Advertisements
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Advertisement1387 1995-01-26 26 ROAM LE SOUTH- PORT VQV NO HAMBURG ANTWERP HAVRE AMPTON KELANG S PORE HKG KAO TYO SHI KOB NAG THAMES 28/201 3/1 5/I 7/1 25/1 28/1 30/1 9/2 7/2 ELBE 25/401 7/1 9/1 11/1 4/1 30/1 8/2 7/2 KAI 11/202 10/1 12/1 14/1 2/2 3/2 7/2 9/2 16/2 ,4/2 HANNOVER1,387 words
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Advertisement478 1995-01-26 26 gm■■■■■k IS'pofe P.Kelang Loading for FORUM AKASAKA 27/1 31/1 Rdm/Atw/UK/Nantes I VLAHERNA 6/2 10/2 Rdm/Atw/UK/Nantes •Loads E./W. Malaysia. Indonesia I Loading for V ENERGETIC Duba/Bahfain/Damman/Kuwait I SEA VENUS Hodeidah/Jeddah, Aqaba •Loads Singapore. E./W. Malaysia. Indonesia I Loading for DONA V Los Angeles/New Orleans/ I Charleston/Norfolk/Camden H OCEAN EVER Los Angeles/New478 words
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Advertisement1520 1995-01-26 26 NORASIA IVSUVOY^^^^^^^sin^^AESßC^^VA^^has^Bß^^RO^^AN^^«^^lH>^ SI PMOE 504* 27/01 15/02 10/02 20/02 20/02 21/02 21/02 22/02 22/02 23/02 I SI VALVE 503* 02/02 21/02 24/02 25/02 25/02 20/02 20/02 27/02 27/02 21 02 I SEA ENDEAVOUR 505W 09/02 20/02 03/03 04/03 04/03 05/03 05/03 OC/03 06/03 #7/03 I NORASIA FRBOURC 9506 3 15/021,520 words
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Page 27 Advertisements
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Advertisement1381 1995-01-26 27 H STRAITS SHIPPING PTE LTD 10 Hoe Chiang Road #11-01 Keppel Towers Singapore 0208 Tel: *****88 Tax: *****17 new quinia pacific um jaggp (A SERVICE OF CHINA NAVIGATION CO) ACCEPTS l CAIICO MJC SAIS STRAITS VENTURE *950* Mura. lib 25-26 tan 27 lan 21 lan FCL. LCL CONTAINER ANOME AK1,381 words
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Advertisement2611 1995-01-26 27 fipfC P&O Containers (Singapore Agencies) Pte Ltd KJ 10 Hoc Chiang Road. #07-01 keppel Towers. Singapore 0208 First Class Connections WORLDWIDE pnocsp.f.,= 225 5327/222 7517 EXPORT IMPORT VESSEL VO* 'MM 'MO SM SOU ANT SOT HAM OOT SRE LfH *"*1- VOY ZEE OOT NOT HAM BMC SOU LEH ALO JCD2,611 words
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Page 28 Advertisements
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Advertisement495 1995-01-26 28 wdb- JOINT VENTURE W SAMUDERA INDONESIA SIR RICKMERS B SINGAPORE CHINA GREEN ERA VOY 3NB 12 JAM QINGDAO DASA SEPULUH VOY 3NB OS FEB XINGANG SHANGHAI INDUCEMENT CALL P.KELANG INDUCEMENT CALL HK, P GUOANG. BELAMAN. TG MAM XIAMEN, ZHANGJIGANG I# UTAMA HARTA If WEEKLY FULL COMTAINERSHIP FEEDER VESSEL NAME VOY495 words
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Advertisement1163 1995-01-26 28 OHANJIN SHIPPING BOOKING TEL:- *****35-237 OPERATION TEL: *****41-253 SALES TEL:- *****30-233 DOCUMENT TEL: *****71-275 fOKVSI SM IIK HAUL SIA T« PM FM Wl IIME HAUL SA» LM BYC HANJM FELIXSTOWE 024 C 3/2 (MRECT 23/2 24/2 25/2 HANJM KUNSAN UK 28/1 H. KOK 2/3 3/3 5/3 HANJM ROITtRDAM 02* 10/21,163 words
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Advertisement1299 1995-01-26 28 -I -Tij ■TTTTMk I„. 5 1 X®, J* JK TTO UU 06 Ml NTC UW MUM MS PJO CM HI UP 4 I I «ra««* /1 11,1 x "'I "/J W2 «/i U/2 1/3 14/3 U/3 17/3 27/3 21/3 29/3 31/3 31/3 IM 1 ,J »,W J/? ivj ?i\ nl1,299 words
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Advertisement2885 1995-01-26 29 VARNA (BULGARIA) COMSTAHTZA (ROMANIA) VIA UKASSQI 3 SAILING FBI MONTH S*lW>«fl'l <>M«ril AfMti: Tti (fc—Wfc 2MIJOO Ss4*m/Booking Agtmef Oft: rnCTAO cuiooiur ore ITn fo* (o«Aor»<fc *****00 Contain*. *****41/944 Caatal—r Src B/l: *****02 4****** rf?'™ SHIPPING PTE LTD Tatax: 268 JO COSHIF CmvmUmnM; *****50 0/0: *****05 Cmtml»oiul *****44 Jf" ,7 M2,885 words
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Advertisement295 1995-01-26 29 fit FAMOUS CONTAINER LINES i —80 ROBINSON ROAD, #22-02 SINGAPORE 0106 HOT LINE: *****33 (30 LINES) GOTHENBURG/SCAN 30/01 ROTTERDAM 30/01 AARHUS/COPENHAGEN 30/01 HAMBURG/BREMEN 01/02 MARSEILLE/FRANCE 31/01 FELIXSTOWE/UK 30/01 BARCELONA/SPAIN 27/01 LEHAVRE/FRANCE 01/02 GENOA/ITALY 28/01 ANTWERP/BELGIUM 01/02 LOS ANGELES/WC/PI 27/01 SYDNEY/MELBOURNE 30/01 NEW YORK/EC 27/01 FREMANTLE/ADELAIDE 20/01 VANCOUVER 30/01 BRISBANE 30/01295 words
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Advertisement1219 1995-01-26 30 gHßSggg mi H 1 VESSEL VQY SIN JKT VEBBgL ypy SIW I P€W I^M ■N I ISRA BHUM 958 Frt 2Tn_ Wad 1/2_ INTRA BHUM 5015 Frt IT/% 29/1 VESSEL VQY SIN BKK BHATRA BHUM 988 Sil M/ 1 Tw 31/1 INTRA BHUM 5017 Moo 31/1 W>d 1/2 MB MAHA1,219 words
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Advertisement920 1995-01-26 30 79 ANSON ROAD, #21-01, SINGAPORE 0207 TELE: *****92 FAX: *****57 CR **********6N STRAITS SHUTTLE SERVICE PORT KLANG PENANG WT SW fKL VESSEL VOY I SW fEH LAUKtL 3%h 25/1(1*0) 21/1 (FBI KOUW lAYA ***** 27/1 (fl«) 29/1 (SUM) HOOll GtMW *****K 2//1 (f«) ?9 1 (SUWi MCC COWVtYOR 5007 29/1920 words
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Page 31 Advertisements
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Advertisement957 1995-01-26 31 [sSsS?m|# PACIFIC INTERNATIONAL LINES (PTE) LTD J pH 140 Cecil Street, #03-00 PIL Building, Singapore 0106. I CR NO **********0E I fl I VCMCL VOY SM CMB M HOO JED AOJ ADC PZU MSW ASA I KOTA SCRAM BRNI3S 27/1 1/2 2/2 10/2 12/2 11/2 27/2 2/3 7/9 M KOTA957 words
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Advertisement855 1995-01-26 31 tt«tis wt ai u mm iwwt rhomes rottctpam unm*r wtit pc cow com 02/02 2i/o? n/m 25/02 »/oz 27/02 Wll DC BAOTTA SO7W M/I2 01/03 W/H 05/03 g/M 07/03 Will rggu U/02 04/83 18/03 12/83 13/03 M/W WUI OUTPM mm 15/83 17/03 H/03 20/03 21/03 •ALSO ACCEPTMG CAKO TO MX855 words
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Advertisement565 1995-01-26 31 I BSA wMK MYANMA FIVE STAR LINE W (Myanmar National Liw) loading for Yangon (Ranfoon) Sport P.KIf Pen P.Mf PACAN *217W H TOUT TWUH AM *2W SAIED WA-AN ****** 01/10 F* MALATS* MINTS SOUSTUO SMPPOK ASNCCS KU. Ttt »2 01-******0 Pitt: Ttt 12-41-JM4747 rot TR 12 04 *****? PSD: TEL565 words
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Advertisement1547 1995-01-26 34 JO EUROPE FROM EUROPE mm |m| km Mono m \trm\ uh »tm mb mh Fii~ wi Im I stom I*6 1 hbm 1«« I Ht/MB NWMU "H3T TiiT KUNB HM~ 25.01 II.M 12.M 13.M 15.02 17 02 IB BMC* M» nOl VI z jj— m/mb MU/MH"niTltiTwTiw HiriiiT iM2 hk n.M1,547 words
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Advertisement357 1995-01-26 34 I ASIA HKG/TWN/BKKI GENOA/EUROPE j PEN PKL SIN 5 SALMGS/WEEK PEN PK SIM 23/1 24/1 25/1 HKG/BKK/KEE/KHH GTarg/Chagen/STiolm/Oslo 29/1 30/1 31/1 27/1 28/1 29/1 HKG/BKK/KEE/KHH Piraeus 26/1 27/1 28/1 30/1 31/1 1/2 HKG/BKK/KEE/KHH Ldn/n»/Rtm/Ant/Ham/leh 28/1 29/1 30/1 RECEIVING TO Genoa/Barcelona/Mars*os 27/ 28/1 23/1 24/1 25/1 SHANGHAI/DALIAN JPN/KOREA/MANILA XIAMEH/BEIMNG ZSZZ 25/1357 words
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Advertisement24 1995-01-26 35 PH H H^H The latest in I sea, air and land I transportation Shipping Times Monday to Friday SINGAPORE f 1 Business Times WEKHOWABA24 words
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Advertisement224 1995-01-26 35 I VESSEL VOY <UN MAA SIN I TIGER CAPE 013N 29-30/01 04 10/02 15-16/02 B TIGER ISLAND 127N 30-31/01 16-17/02 TIGER BRIDGE 315N 02-03/02 08 14/02 19-20/02 TIGER BAY 128N 10-17/02 22 23/02 TIGER SPEED 316N 07-08/02 13-19/02 24 25/02 CAPE HERMES 205N 11-12A52 17-23/02 27-28/02 I VESSEL VOY SIN224 words
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Advertisement342 1995-01-26 35 PONGN AMA LINE KSSEL (IBS) W~~| we mc BSN MMM MM a/11 11/11 11/11 (2/(2 12/(2 IS(2 TttSBAS MM M 02 11/(2 11/(2 21/(2 umnc mm n» 11/(2 11/(1 i« (2 i(/(2 2»/« (l/u MS no* M2N 11/(2 2(/(2 22 (2 2V(2 (4 03 M/(l I 1. 1 USB IKI)342 words
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Advertisement415 1995-01-26 35 RICHFIELD MARINE AGENCIES (S) PTE LTD UTEL *****33 (12 Lines) FAX: *****15/*****03 TELEX: RS ***** RISHIP (3 Lines) CR NO.: **********0E pSQ ETHIOPIAN SHVPW6 LINES f (National Lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL Vn»il Voy ETA Loading For Sport Abbay Worn 4ZWB 30/01 Mombasa Dpbouti Assab. Massawa Andinet 38WB415 words
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Advertisement14 1995-01-26 37 EYE ON THE TIGERS Nobody covers East Asia like we do. The Region. Everyday.14 words
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Page 39 Advertisements
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Advertisement479 1995-01-26 39 HYUNDAI MERCHANT MARINE GO. LTD. WESTBOUND TO EUROPE BKG: *****61 [PTCA ns P9O VESSELS VOY SN RTM ANT lEH HUM BRE* EEL 25/01 "27/01 26/oT H. MNOVATOR 313*" 30/01 17/02 19/02 11/02 19/02 19/02 21/02 01/02 03/02 04/02 H. EXPLORER 315N 06/02 24/02 26/02 25/02 26/02 26/02 2S/02 01/02 10/02479 words
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Advertisement361 1995-01-26 39 STRAITS/ JAPAN/ STRAITS SERVICE MULTI-PURPOSE ft ROW) CAIRO SPECIALIZE M HEAVY LFT CARGO If TO 120 TONS RAMP CAPACITY UPTO 50 TONS KSSU VOY SN n 10A09IG FOR OCEAN Bim I in MUAAA 29/1 MCHON 4/2 SONBAJ 31 111 V 2 lAKAATA 5/2 COSMK CHALIENGER H 2/2 5/2 OUHM 4/2361 words
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Advertisement700 1995-01-26 39 [VESSEL Ivor ISWnA/D I LAI 1 OAK ICH I DAL MEM/COL HOU I NTC [NOR ALLIGATOR PRBE 57A 02/02 /03/02 18/02 21/0? 22/02 23/02 23/02 24/92 24/02 25/02 HEWtY HUDSON BRPGE SIA W/02 /10/02 26/02 21/02 01/03 02/03 02/03 03/03 03/03 04/03 ALLIGATOR VICTORY MA 16/02/17/02 05.03 07/03 08/03 M/700 words
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Page 39 Miscellaneous
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Miscellaneous282 1995-01-26 39 TODAY'S TIDES (hcifht in metres) HOUR 0000 0100 0200 0300 0400 0500 0600 0700 OSOO 0900 1000 1100 1200 1300 1400 1500 1600 1700 I*oo 1900 2000 2100 2200 2300 a 1.1 1.3 I.S 1.9 2.3 2.5 2.6 2.6 2.3 1.9 1.5 1.2 1.0 0.9 0.9 1.0 1.3 1.5 I.S282 words
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Page 40 Advertisements
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Advertisement0 1995-01-26 40 {>.^~+[`)/*:~[@":[|~\;[,"{+`+:&0 words
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