The Business Times, 16 January 1996

Microfilm: NL20518
Total Pages: 44
1 44 The Business Times
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  • Title Section
    Masthead
    13 1 THE BUSINESS TIMES MITA (P) 046/12/95 Internet: http://www.asial.com.sg/biztimes SINGAPORE TUESDAY, JANUARY 16,1996 85<r
    13 words
  • Article
    MARKET SUMMARY
    72 1 D SU+iuo W% BTCOMP U 2264J1 (+4.14) n IT-hsa mm 1123J7 (-2.24) Q MAEEET MOOD: STOCK MAKXET INDICES Monday Cluu^ KLSE COUP 1072.56 10.78 NIKKEI dosed HANG SENG *****.50 +04.49 SET INDEX 1376.80 +0M JAKARTA COUP 563it +111 1 MANILA OOMP—1778.86 +3100 TAIPEI WP! 5,027 01 +1.71 SEOUL
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  • Article
    FINANCE
    68 1 BXEHAim BATES ust ss HMU 1.423 I 1.546. 1296 DM 0JK 0.964 O.W. 1.350 HI 0JI0 .1166 HKI 0.1». 0.184 BABT 0.040 0.856 BJPIAHIH -MM. 0.062 FUHBIATES SINGAPORE* 144 KUALA LUMPUR..... A 5 JAKARTA 175# BANGKOK Ji.75 15.00 HONGKONG »00 TAIPO goo SYDNEY. 10.75 TOKYO .....18# ®WL itoo ZURICH**
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  • Article
    China firm to pick IPO underwriter through bidding
    449 1 Tiajyin Medicine reverses plan to appoint DBS Bank to lead manage float in Singapore [SINGAPORE] The first Chinese company planning a primary listing in Singapore, Tianjin Traditional Chinese Medicine Group (TCMG), has reversed a plan to appoint DBS Bank as its IPO
    449 words
  • Article, Illustration
    Lock icon HKBank tightens controls following massive fraud
    419 1  -  Ring-leader believed to have fled to either S'pore or Bali By I S N Vasuki [SINGAPORE] Hongkong Bank is revamping its internal security controls following the discovery of massive fraud in its Jakarta main branch, estimated to have cost the bank at least US$4O
    BCRUZ  -  419 words
  • Article
    Bull run continues amid more foreign buying
    207 1 [SINGAPORE] The two-week-old bull continued its run yesterday, nudging the Straits Times Industrials Index 11.57 points or half-a-per cent higher to 2,413.59. Dealers said foreign institutions are still keen on blue chips but some are shifting their attention from the heavyweights to second-tier
    207 words
  • Article
    Wharf's US sale may lead to Marco Polo's redevelopment
    350 1  -  From< Quak Hiang Whai in Hongkong HONGKONG-listed Wharf Holdings yesterday said it has disposed of its hotel chain, Omni North America, to a US private investor, a move which could soon see the redevelopment of Singapore's Omni Marco Polo Hotel into
    350 words
  • Article, Illustration
    FCC's managing director resigns
    359 1  -  Abdul Hadhi [SINGAPORE] In a surprise move. First Capital Corp's (FCC) group managing director Heng Chiang Meng has quit the listed property development company. In a brief statement to the stock exchange yesterday, FCC said Mr Heng had tendered his resignation and would leave the group
    359 words
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      155 1 iwmra OS jaggs* The Property Cohmm The Housing and Development Board will be hitting the $20 billion mortgage loan landmark later this year, Pf 4 IBWfHTMPB thispg. DU3 favoured to win. But competition will be keen as this first mandate will open doors to listings. Aavku htfd cteta, this PfL
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      17 1 r v p i r 0 .^m mfe' llipiis. v.- -»v:?;. IB' HI Ik* "iV .<r..**&■:-Worths. II
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  • SINGAPORE AT HOME & ABROAD
    • Article, Illustration
      Citibank moves control of key Asia-Pac businesses out of S'pore
      444 2  -  Heads of Asia-Pac global finance and consumer banking promoted in revamp By^ Catherine Ong [SINGAPORE] Citibank will no longer control its AsiaPacific institutional and consumer banking businesses from Singapore with the promotions of its two executive vice-presidents here to bigger
      444 words
    • Article, Illustration
      Lock icon Kweks and Land Office in tussle over Pasir Ris site
      397 2  -  Developer wants $350 m levy reduced, 999-yr lease retained By\ Michelle Low THE Hong h which is now pushing out a new from its sprawftngupper 1 Changi/ Pasir Ris landbank, is in the midst of a drawn-out tussle with the
      JEN CHUA  -  397 words
    • Article
      Fares the focus of White Paper discussion
      211 2 FARES and financing were uppermost on the minds of participants at last night's Feedback Unit dialogue session on the Land Transport Authority's White Paper. Trade union representatives, grassroots leaders and student union representatives alike voiced their concerns about the "World Class Transport System"
      211 words
    • Article
      Ruggiero among top officials for April trade meet
      204 2 THE Director-General of the World Trade Organisation (WTO), Renato Ruggiero, will be among the top trade officials who will participate in the World Trade Congress to be held in Singapore during April 24-26. The Congress, which is being organised jointly by the
      204 words
    • Article, Illustration
      Lock icon GST makes dent in spending
      370 2  -  BYE ON THE ECONOMY Consumer spending By Anna Teo THE Goods Services Tax (GST) is the main villain behind the weak domestic private consumption in the last two years or so. a study by J P Morgan suggests. Regression analysis shows that a one-per-cent-of-GDP (gross
      ALLAN  -  370 words
    • Article
      Winhouse owes 30 firms more than $20m
      353 2  -  Work stops as creditors try to recover their money By] Diana Oon A GROUP of about 30 construction sub-contractors and suppliers are together owed more than $20 million by beleaguered building contractor Winhouse Construction, which has been put under judicial management to try
      353 words
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      67 2 Move with ISO 9002 dependability. Rhema Movers is the first moving company in Singapore to be awarded the SISIR ISO 9002 certification. SERVICES RENDERED International household, I door to door moves Office/institutional relocation International industrial/ jg|M| Warehousing normal/aircon storage Archive management (offsite storage) L Local household moves Call on the
      67 words
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      36 2 j fHOUSEHUT A vailable at Published by Times Periodicals, Newsstands NTUC Supermarkets Caltex member ol STOP PRESS kiosks 7 Eleven Mobil Times the Bookshop Cold Storage SPC Kinokuniya Shell BP Vi^r MPH Esso Singapore Press Holdings
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      493 3 I There are times when you don t nave to put your foot down to malce a point. if you ve got it flaunt it. A philosophy that is like Lexus drivers, Lexus engineers are of the opinion equally endowed with performance as it is with luxury. remarkably popular in
      493 words
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  • FOCUS: PROPERTY
    • Article, Illustration
      Any HDB mortgage rate rise likely to be moderate
      713 4  -  THE PROPERTY COLUMN With loans hitting $20b soon, any hike will affect up to half the population By Lee Han Shih AT some point this year the Housing and Development Board (HDB) will have given a net $20 billion in mortgage
      713 words
    • Article, Illustration
      Survey reveals poor image of estate agents
      479 4  -  Need for tougher licensing of individual agents highlighted By* Abdul Hadhi [SINGAPORE] The public be lieves property agents should be regulated individually by the government, a recent survey by Ngee Ann Polytechnic has found. The finding is likely to add more pressure for
      479 words
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      515 4 Leanir 180 Offices Worldwide FOR LEASE FORM INDUSTRIAL BUILDING Tampln«s St 92, Singapore Brand now B storey light Industrial building Roor area from 5,000 aqf onwards Excellent corporals image Only 7 minutes drive to Chanai bit Airport JQ Provision of sir-conditioning facilities All-weathered loading/unloading facilities co Available February 1996 For
      515 words
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      208 4 PRIME FREEHOLD RESIDENTIAL INVESTMENT FOR SALE District 11 Near Novena MRT 12 Maisonettes out of 20 Units from 2,800 3,000 sq. ft. Recreational facilities Blue Chip Corporate Tenants Approx. 3.0% yield Break-up potential For further details, please call Cellna Llm or Jeremy Lake GOOD CLASS BUNGALOW SITE AT SWISS CLUB
      208 words
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  • SOUTH-EAST ASIA
    • Article, Illustration
      Lock icon Tycoons set up 250m rupiah fund to help poor
      308 5 JAKARTA Firms with profits of 100 m rupi&h will be asked to give 2% Reuter INDONESIAN tycoons, led by the country's richest man Liem Sioe Liong, have set up a foundation headed by President Suharto to help the poor, Family Planning
      Reuter  -  308 words
    • Article
      Lock icon Wages jump 21.6% in manufacturing sector
      226 5 KUALA LUMPUR Reuter WAGES in Malaysia's evertightening job market shot up 21.6 per cent in the manufacturing sector during the Janu-ary-September period of last year, the Malaysian Business Times reported yesterday. Manufacturing firms paid M 57.06 billion (553.9 billion) in wages to 777,000 workers
      Reuter  -  226 words
    • Article
      Lock icon Govt defends law against terrorists
      162 5 MANILA AFP THE Philippine government yesterday rejected mounting criticism over a planned antiterrorist law, which critics charged was a prelude to martial law. "We are proposing this bill so that these terrorists, both local-bred and international, may be contained," President Fidel Ramos' chief aide, Executive
      AFP  -  162 words
    • NOTE Book
      • Article
        Lock icon Vietnam seeking US$42b investments
        22 5 Bloomberg Business News to US$42 billion growth b<t cut, according to areporTto* Vietnam Investment Review. —Bloomberg Business News
        Bloomberg Business News  -  22 words
      • Article
        Lock icon Kolantan segregates shoppers
        21 5 Reuter gCOTABARU] Malaysia's fundamentalist Muslim party, segregating men and women shoppers in the north-eastern state of Kelantan. Reuter
        Reuter  -  21 words
      • Article
        Lock icon Bangkok struggling for more roads
        33 5 AFP [BANGKOK] Bangkok to struggling to build enough road jjMMtoeMtcoßfMtkmmdpfahiHflß^tokß^iipytth (be 700 new cars andsoo new motorcycles that hit the streets daily, the city's governor said yesterday. AFP
        AFP  -  33 words
      • Article
        Lock icon Philippines net investments down 12.4%
        42 5 AFP [MANILA] Net portfolio investments in the Philippines fell 12.43 par cent from a year earlier to US$7B9 million (Ssl.l billion) in the 12 months to Dec 31,1996, the Central Bank of the Philippines said yesterday. —AFP
        AFP  -  42 words
      • Article
        Lock icon Guidebeck on R&D incentives in M'sia
        38 5 Bernama [KUALA LUMPUR] The Ministry of International Trade and Industry has published a guidebook on Research A Development Incentives in Malaysia for investors undertaking R&D activities in the country. Bernama j- f-
        Bernama  -  38 words
      • Article
        Lock icon Viet customs violations,smuggling up
        39 5 AFP [HANOI] Vietnam saw the number of detected customs violations and smuggling caaes rise by 34 per cent last year while seizures of opium were up five-fold over 1994, a Customs official said yesterdayAFP Wm?M
        AFP  -  39 words
    • Article, Illustration
      Lock icon The business of babies
      55 5 [MANILA] Enterprising Filipino vendors waiting for customers yesterday. They are selling potions which purportedly allows a woman to conceive a baby or have an unwanted pregnancy terminated. The woman was selling the potions outside a Roman Catholic church in the centre of the Philippine capital along
      REUTER  -  55 words
    • Article
      Lock icon Australia, New Zealand could join Asean: PM Goh
      303 6 CANBERRA Both are small enough to be considered as possible members Reuter AUSTRALIA and New Zealand could one day join the seven-member Association of South-East Asian Nations (Asean), Singapore Prime Minister Goh Chok Tong said in a newspaper interview published yesterday. "We
      Reuter  -  303 words
    • Article
      Lock icon Yangon will not recognise Taiwan
      116 6 ■YANGON Reuter MYANMAR will stick to its policy of supporting "one China" and will not recognise Taiwan as a separate entity from China, a joint Myanmar-Chi-na communique said. "The Myanmar side reiterated once again that Myanmar would firmly follow the 'One China' policy and recognise
      Reuter  -  116 words
    • Article
      Lock icon Malaysia ready for closer ties with Australia
      308 6 KUALA LUMPUR Both countries need to limit hiccnps which bedevil ties Dr M Reuter, Bernama MALAYSIAN Prime Minister Mahathir Mohamad said yesterday he was ready to have closer ties with Canberra, accepting an overture from Australian premier Paul Keating, whom he once quarrelled
      Reuter,; Bernama  -  308 words
    • Article, Illustration
      Lock icon Watch your weight
      51 6 [HANOI] A mother weighing herself while her children watch on a scale that an old man uses to run a weighing service in Lenin Park here. Some elderly people run such services in streets or public areas. They earn 500 dongs (seven Singapore cents) for each weighing.
      AFP  -  51 words
    • Article
      Lock icon Hanoi promises to speed up return of refugees
      323 6 BANGKOK AFP THOUSANDS of boatpeople in camps across Asia could be sent home soon following a Vietnamese pledge to speed up repatriations and a UNHCR decision to cut funding for "non-refugees", officials said yesterday. The office of the United Nations High Commissioner
      AFP  -  323 words
    • Article
      Lock icon Contribute to low-cost loans, ADB urges
      215 6 MANILA Reuter THE Asian Development Bank is running out of funds to provide low-cost loans to the region's most needy people, bank president Mitsuo Sato said, urging "Tigers" to show Asian solidarity by replenishing the fund. "This year is okay but in the course
      Reuter  -  215 words
    • Article
      Lock icon State agencies ignoring proper procedures: Anwar
      241 6 KUALA LUMPUR MBT A NUMBER of government agencies and boards have taken advantage of the latitude they enjoy such that they have ignored proper financial management or administrative procedures, Deputy Prime Minister Anwar Ibrahim said yesterday. He said although generally the public sector runs
      MBT  -  241 words
    • Article
      Lock icon Expansion of economic ties
      145 6 BANGKOK AFP THAILAND, India and Sri Lanka hope to expand economic cooperation in a broad range of sectors from trade and investment to agriculture, Indian Ambassador Ranjit Gupta was quoted as saying yesterday. "Thailand is to act as a bridge, between South-east Asia and the Indian
      AFP  -  145 words
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      60 6 TOLL-FREE TEL. No. 1-800-741-1883 FAX:74I-1-»on All of these securities having been sold, this announcement appears as a matter of record only j I I and does not constitute an invitation or offer to acquire, purchase or subscribe for securities. January 1996 PROVINCE DE QUEBEC (Canada) Cdn. $200,000,000 7.50% Debentures Series
      60 words
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      9 6 Keating starts new chapter with KL visit, Pg 12
      9 words
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      128 6 tcsbv —iffKi ii' i —y Degree ceremony at the Raffles Hotel MRA m B M latak§• 28 Jim 96 INNOVATIONS A ADVANTAGES First to offer TQM and a Systems Approach to Creative Problem Solving First to offer Entrepreneurship and Project Management as core modules Completion in 21 months 312 seminar
      128 words
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  • CHINA-HONGKONG-TAIWAN
    • SINO Brief
      • Article
        Lock icon Beijing plans Feb N-test,says paper
        88 7 Reuter [HONGKONG] China Is planning an underground nuclear test next month, the Hongkong Economic Journal said yesterday quoting the Jtyi Press and Tokyo Shimbun. They were quoted as saying China would carry out the test on Feb 19. China usually carries out tests between May
        Reuter  -  88 words
      • Article
        Lock icon US$290b infrastructure spending
        72 7 Bloomberg Business News [NANJING] Investment in infrastructure will account for 7 per cent to 8 per cent of China's total output of goods and services, reaching USs2Bobillion (***** billion) during the next Ave years, the official Xinhua News Agency reported. About 40 per cent of the USfIOO
        Bloomberg Business News  -  72 words
      • Article
        Lock icon No move to tighten austerity measures
        60 7 Reuter [HONGKONG] China's economic tsar, Zhu Rongji, said Beijing would not tighten austerity measures this year, the China-backed Wen Wei Po newspaper reported yesterday. "Vice-premier Zhu said a remark he mads earlier that China would make persistent efforts to its macroeconomic controls this year
        Reuter  -  60 words
    • Article
      Lock icon China to pick 3 cities to conduct renminbi trials
      234 7 BEIJING Reuter CHINA'S financial leaders are meeting in Beijing and sources yesterday said discussions include plans to identify pilot cities to test greater convertibility of the renminbi. The meeting, an opportunity for China's economic czar Zhu Rongji to notify officials of
      Reuter  -  234 words
    • Article
      China's reforms to cause short-term pain: bank
      338 7  -  HONGKONG Stronger competition will force Chinese enterprises to become more efficient By i Quak Hiang Whai CHINA'S recent moves to reform its trade and investment policies will result to a level playing field for both domestic and foreign firms, the Hang Seng Bank
      338 words
    • Article, Illustration
      Lock icon Shenzhen residents are richest in China
      213 7 BEIJING AFP RESIDENTS of the southern Chinese city of Shenzhen are the richest in the country, with an average family income of 3,700 yuan (Ss63o) per month 1.5 times the figure in Beijing, a report said yesterday. The statistic reflects the extraordinary growth of
      AFP; JEN CHUA  -  213 words
    • Article
      Lock icon Study on using Yangtze for China-Japan trade
      131 7 I TOKYO AFP A GROUP of Japanese companies and the Chinese government are to carry out a feasibility study into shipping goods between the two countries by using the Yangtze River, the Nihon Keizai Shimbun said yesterday. Goods would be shipped by river
      AFP  -  131 words
    • Article
      Lock icon Custody of suspects for long periods to end
      163 7 BEIJING AFP CHINA is to abolish the present system of "custody for investigation" under which suspects are held for lengthy periods without charge, experts said yesterday, but indicated that legal loopholes would remain. Draft amendments to China's Criminal Practice Law will "do
      AFP  -  163 words
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      288 7 CAN YOU PASS r the pinch test IN TIME FOR CHINESE NEW YEAR? *2 inches or mora when pinched is failure. WITHOUT HUNGER, INJECTIONS, EXERCISE OR PILLS The Marie France Exclusive Slimming Programme can help you lose those inches and get a firm tummy in time for the new year!
      288 words
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  • ASIA
    • Article
      Indian hotels no longer cheap, says executive
      307 8  -  SINGAPORE Five-star hotels in New Delhi expect 90-92% occupancy By Harish Mehta INDIA'S five-star luxury hotels are no longer considered cheap, and have become as expensive as hotels in Thailand, said a hotel executive in New Delhi. David Wilson, general manager of the
      307 words
    • Article, Illustration
      Lock icon Roh: I will take responsibility for taking bribes while in office
      480 8 SEOUL But ex-president will not submit to cross-examination by his lawyer Reuter, AFP FORMER South Korean president Roh Tae Woo said yesterday he would offer no excuses for taking money while in office, and told a court trying him
      Reuter,; AFP; REUTER  -  480 words
    • Article, Illustration
      Keating against holding early elections
      215 8 CANBERRA AUSTRALIAN Deputy Prime Minister Kim Beazley said Prime Minister Paul Keating was unenthusiastic about early elections. Asked by reporters whether an early election was likely, he said he could only reiterate what he had said on the weekend that the election would be held
      215 words
    • Article
      Lock icon SDP, Sakigake to form new party in time for next polls
      304 8 TOKYO AFP LEADERS of Japan's Social Democratic Party (SDP) and the New Party Sakigake, two of the three ruling coalition members, have agreed to form a new party in May in time for the next general election, the Yomiuri
      AFP  -  304 words
    • Article
      Lock icon Housing industry seen weakening further
      121 8 CANBERRA Reuter THE weakening Australian housing industry will decline further this financial year before recovering in 1996/97, Housing Minister Brian Howe said. "Activity in the housing sector is expected to fall further in 1995/96 as it smooths into a trough before activity begins to pick
      Reuter  -  121 words
    • Article
      Lock icon SMEs may go bust at record pace this year
      458 9 SEOUL Lower import levies, weaker yen expected to hurt smaller firms which produce for local market UPI DESPITE intervention recently by the government, small and medium-sized businesses in South Korea are expected to go bankrupt at a record pace in 1996,
      UPI  -  458 words
    • Article
      Lock icon Big companies shake off quake devastation
      379 9 KOBE Smaller firms and department stores still picking up the pieces one year after AFP MAJOR manufacturers and retailers are back on track a year after an earthquake devastated Kobe, but small businesses have been left in the debris. "Fortunately, we were able to
      AFP  -  379 words
    • ASIA Notes
      • Article
        Lock icon RAAF had plans to bomb China: paper
        78 9 AFP {SYDNEY} The Royal Australian Air Force (RAAF) drew up plans in the 1960s to launch bomb attacks on southern China using the then revolutionary F-11l bomber, it was reported yesterday. The RAAF drew up contingency plans under the South-east Asian Treaty Organisation
        AFP  -  78 words
      • Article
        Lock icon Tokyo foreign minister to visit US
        50 9 AFP [TOKYO] New Japanese Foreign Minister Yukihiko Ikeda will visit the United States for three days from Thursday for talks with US Secretary of State Warren Christopher, Jiji Press reported yesterday, quoting unnamed Japan-US diplomatic sources. Mr Ikeda became foreign minister last i week.-AFP
        AFP  -  50 words
      • Article
        Lock icon Paper to refer to Bombay as Mumbai
        74 9 Reuter (BOMBAY] The Times of India, the country's largest English-language daily, yesterday said it would henceforth refer to Bombay as Mumbai, in keeping with a local government decision to change the name of the financial capital. The Times and its sister publication, The
        Reuter  -  74 words
      • Article
        Lock icon Bhutto starts Japan tour
        62 9 AFP [ISLAMABAD] Prime Minister Benazir Bhutto starts a four-day visit to Tokyo tomorrow amid expectations of a larger Japanese aid package for Pakistan but also an awareness that continuing unrest here is scaring off potential investors. Wooing private investment will be another of Ms Bhutto's priorities
        AFP  -  62 words
      • Article
        Lock icon Pakistan, Canada sign four pacts
        58 9 AFP [ISLAMABAD] Pakistan and Canada signed four agreements here yesterday to broaden cooperation in air services, agriculture and justice and help in the management of Pakistan's radio frequencies, officials said. Canadian Prime Minister Jean Chretien, who is leading a ISO-member delegation, attended the signing ceremony
        AFP  -  58 words
    • Article, Illustration
      Lock icon A day of thanksgiving
      50 9 [COLOMBO] A young Tamil giving thanks at a Hindu temple in Colombo. Hindus yesterday celebrated Thai Pongal, a day of thanksgiving. The All Ceylon Congress appealed to Sri Lankan Hindus to forgo celebrations and remember the many Tamils made homeless by fighting in the north. REUTER
      REUTER  -  50 words
    • Article
      Lock icon Sri Lanka to unveil power-sharing plan with Tamils
      275 9 COLOMBO LAT-WP ON THE HEELS of their biggest battlefield victory over Tamil insurgents, Sri Lankan leaders will unveil a formal power-sharing plan this month that would transform the country into a federal republic in all but name, the justice minister said on
      LAT-WP  -  275 words
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      255 words
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      411 9 FOR THE PRICE OF THIS YOU CAN ENJOY THIS. ANA SI/PER Y CLASS TO TOKYO OSAKA Ry Super V Class on ANA and for the price of an economy ticket we'll upgrade you AIRPORT LOUNQE SERVICE Take advantage of our business class lounges in to a business class seat. A
      411 words
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  • FOCUS
    • Article, Illustration
      Doubts cast over NZ's commitment to Asia
      907 10  -  Wellington seen not doing enough to support and sell the value of Asia link From. Mike Simms in Auckland WHEN New Zealand Prime Minister Jim Bolger suddenly declared himself an Asian leader he raised eyebrows at home and abroad. New Zealanders, thus exhorted
      907 words
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      179 10 f m M <*. i Mm- il3uy^ I v 1 0 nWkw M aP| Business Class return, private chauffeur and PPThe Royal Orchid Executive Package from Thai Airways International has 3 convenient ways to help you embark on a successful business trip to Bangkok in comfort. On one hand, you'll
      179 words
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      23 10 Mr Bolger: declared himself an Asian leader sto 24 Mount Elizabeth Singapore *****8 Tel: *****88 Fa* *****66 <4 Htimber of Far Emu OrgtudtmHan
      23 words
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  • THE WORLD
    • Article
      Lock icon More job cuts in financial sector likely
      155 11 LONDON Reuter BRITAIN'S banks and financial institutions are expected to make further sharp staff cuts in the next three months despite an improvement in their profitability, according to a survey published yesterday. The quarterly survey of 286 companies, conducted by the Confederation of
      Reuter  -  155 words
    • Article, Illustration
      Lock icon All creatures great and small
      80 11 [ARA VA DESERT, Israel] Ah, a warm, snug bed and the sun on your back. What more could a dog ask for. This particular one has decided that a lie-in on the back of an obliging donkey is the perfect way to while away an
      AFP  -  80 words
    • Article
      Lock icon Congress to raise debt ceiling
      480 11 WASHINGTON Republicans decide to abandon strategy of shutting down US government over balanced budget plan Reuter REPUBLICANS have abandoned their strategy of shutting down the government to put pressure on President Bill Clinton in their battle over a balanced budget plan, House Budget Committee Chairman
      Reuter  -  480 words
    • WORLD Watch
      • Article
        Lock icon UK building industry faces recession
        76 11 AFP [LONDON] Britain's building industry is set to shed 20,000 jobs over the next four months, as it faces another year of recession, a report said yesterday. A survey of6oo British construction firms showed a fourth successive quarterly fall in output in the last three
        AFP  -  76 words
      • Article
        Lock icon Canada, Israel free trade accord in sight
        83 11 Bloomberg Business News [OTTAWA] After more than two years of negotiations, Canada and Israel reached a tentative agreement on establishing free trade, the trade ministry announced. The accord aims to eliminate all tariffs on manufactured goods and to work toward reducing remaining duties
        Bloomberg Business News  -  83 words
      • Article
        Lock icon German union planning staff layoff
        66 11 Reuter [FRANKFURT] The German trade union federation DGB, fighting a high-profile campaign to stop a flood of layoffs across industry, is itself gearing up to shed workers as membership revenues decline. The DGB, which condemned a recent rise in the unemployment rate to almost 10
        Reuter  -  66 words
      • Article
        Lock icon More funds expected for Latin America
        69 11 Reuter [LONDON] Foreign capital flows into Latin America are likely to reach a three-year high in 1996, with levels three times up on 1995's disappointing performance, ING Barings said in a new quarterly report Capital flows across the region took a beating last year
        Reuter  -  69 words
    • Article
      Lock icon ECU bonds for a surefire investment
      239 11 LONDON Reuter ECU BONDS, long shunned by investors as a fairy tale with an uncertain ending, have suddenly found favour as a surefire investment ahead of European economic and monetary union, ECU analysts said yesterday. Commitment by European Union governments to one-for-one conversion of
      Reuter  -  239 words
    • Article
      Lock icon Telecom firms seen hit by Internet
      204 11 LONDON Reuter TELECOMMUNICATIONS companies face a threat to their profits from the Internet and must adapt in order to meet this challenge, a report published yesterday said. "Downward price pressure on telcos may mean that within the next few years they will find it
      Reuter  -  204 words
    • Article
      Lock icon Long-awaited data may show sluggish economy: analysts
      214 11 WASHINGTON Reuter POLICY MAKERS and investors will get their first set of economic numbers starting today, after being in the dark for over a month. But the news is expected to be gloomy. "My guess is that when we finally see the data,
      Reuter  -  214 words
    • Article
      Lock icon 9 hostages freed in Pervomaiskaya: officials
      105 11 Moscow AFP RUSSIAN troops freed nine hostages during an assault yesterday against Chechen rebels holding more than 100 people captive in the southern Russian republic of Dagestan, Russian interior ministry officials were quoted as saying by Interfax news agency. After a day-long battle, the
      AFP  -  105 words
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      193 11 Marina House 70 Shenton Way JH Panoramic Seaview Offices Unit from Attractive leasing package Immediate occupation management Walking to Tanjong Pagar MRT p Joint Sole Marketing Agents 1J HONG LEONG HOLDINGS LTD. 220 9911 SB Edmund He fr Company 293 3228 >^^^* >> K Trade in your old photocopier, any
      193 words
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      Page 11 Advertisements Column 2
      194 11 GET THELOOK OF CONFIDENCE ANn /vwrnm JII I 1 wj —I i iI 9 a /A W VI i LuJen's Skin puts TREAT r PREMATURE f back into your looks social I on mo of HMk 1 life can drain away. lines and puffy eyes. J Look refreshed, weN k
      194 words
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  • EDITORIAL & OPINION
    • Article, Illustration
      Ramos is likely to find way to stay in power
      745 12  -  THE BOTTOM LOVE OPINION By Al Labita The writer is BT's Manila correspondent PRESIDENT Fidel Ramos' single six-year term ends in June 1998 and, he often says, he will then quit politics to manage a golf club. However, some indications
      745 words
    • Article
      IN OTHER WORDS
      125 12 'He's someone who can make things happen.' Hi liiilw Tff 1 -aootcmro loyooa chairman of Toyota Motor Corp, about Ryutaro Hashimoto, Japan s new prime minister. 'I think they're very, very stretched.' JwepfcTerm a vice-president of Morgan Stanley Asset Management (Singapore) Ptd, on Malaysia Airlines, which is
      125 words
    • Article
      Who says Hashimoto is anti-US?
      538 12 EDITORIAL IT SEEMS that Washington's Asia experts remain trapped in a Cold War time warp when Japan, a rising but cautious economic power, was the "unsinkable aircraft carrier" in the Pacific and when Tokyo's low-key leaders did their best to placate their Washington allies, on
      538 words
    • Article, Illustration
      Keating starts new chapter with KL visit
      923 12  -  Visit before a crucial election shows Australian Premier's conviction that the Asian link is vital By' Tye Kim Khiat The writer is BT's deputy foreign news editor LIKE a pilgrim doing penance, Australian Prime Minister Paul Keating has finally made it to Kuala
      923 words
    • Article
      WHAT THE OTHERS SAY
      388 12 Vo om tn US Is above the law IN rejecting President Clinton's claims of immunity in the Paula Jones case, a federal appellate court has affirmed a bedrock constitutional principle. No citizen, even a sitting president, is above the law. Jones, a former Arkansas state employee,
      388 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      44 12 SINGAPORE DIK Pz~hm, htan/ -foe hat+ Mew. I 0&/y Z a#az//ra I j vj&M T set 4 v/v'Sry the V bt/l u- <3fe//s 'f-Z-P'S-T'. Mtf&k I fa"**! <vt VW f€rch<U ufo* Gr&tf Mi/ft/ ief/i/M toye-beM/Hlk .O &*a! OVup f ft/Aatra y/rum it is J
      44 words
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  • EXECUTIVE LIFESTYLE
    • Article, Illustration
      Lock icon Audience sets the tone for Billy Joel
      1292 13  -  The rock star explains the philosophy behind his tour, An Evening of Questions and Answers and a Little Music, to billdetopmo BILL DEYOUNG NYT LIKE everyone else in New York, Billy Joel is sick of the cold, sick of the snow. Fortunately, leaving
      NYT  -  1,292 words
    • Article, Illustration
      Lock icon Sentimental journey home
      449 13  -  DRAMA A young S'pore&n's homecoming of sorts in London By\ Susan Tsang EAST is east, and West is west, but when East hits West, you can expect a rush of energy. Ivan Heng's monologue, Journey West deals with the adventures of a young Singaporean, Ming, who goes
      CHANTAL R COBIAN  -  449 words
    • Article, Illustration
      Lock icon Opening your eyes to nature's duality
      692 13  -  ART Tike Icons exhibition takes a Hindu aesthetic look at life By\ Susan Tsang HIS Icons exhibition has images of lingam (phallus), and the eye (the third eye, perhaps?) features prominently, but Chandrasekaran S insists, "I'm not trying to make it Hindu, I'm just
      PETER HUFGARD  -  692 words
    • Article, Illustration
      Lock icon Race is on for the French Oscars
      182 14 MOVIES AFP [AVORIAZ, France] Six French films and five foreign films were named in competition on Sunday for the 1996 Cesars, the French Oscars, at the Avoriaz festival which opened over the weekend with a tribute to the veteran Italian director Michelangelo Antonioni.
      AFP; ALLAN  -  182 words
    • Article
      Lock icon Taiwan sending her imperial treasures on tour of the US
      635 14 ANTIQUES Delicate nature of the objects and fears China might claim them have sparked intense debate Reuter [TAIPEI] China's imperial treasures, open only to the country's royal family for thousands of years, travelled to Taiwan in 1949 with refugees who
      Reuter  -  635 words
    • Article, Illustration
      Lock icon Fun Super Bowl XXX coming up?
      690 16 AMERICAN FOOTBALL The biggest concern in Super Bowl XXX has to be the Pittsburgh Steelers NYT [IRVING, Texas] Can we bottle this and pop the cork on Jan 28? Could this possibly be a prelude to a competitive and fUn Super Bowl XXX? What
      NYT; REUTER  -  690 words
    • Article, Illustration
      Lock icon Jeff Tarango regrets last year's walkout
      408 16 AUSTRALIAN OPEN Apologised deeply for his behaviour at Wimbledon Reuter [MELBOURNE] A perfectly behaved Jeff Tarango, who caused outrage when he stormed off the court at Wimbledon last year, seized on a reprieve from tennis officials yesterday when he advanced to the Australian Open
      Reuter  -  408 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      99 13 BUSINESS TIMES TOLL-FREE TEL. No. 1-800-741-1883 FAX: 741-1298 1 Career Opportunities I I In Indonesia I •j A leading Jakarta Securities firm is looking for qualified <9 candidates with university degree for the following position: Bl I SENIOR RBjjAJjCH ANALYST 1 a Degree in Finance or Accounting preferred Minimum 3
      99 words
  • Page 13 Miscellaneous
    • Miscellaneous
      Page 13 Miscellaneous Column 1
      9 13 POONESBURY GARRYTRUDEAU I H (AJOUJ... TALK I RIJNNI G
      9 words
    • Miscellaneous
      Page 13 Miscellaneous Column 2
      217 13 Tim WEATHER Simpporee Generally windy with passing showers in the afternoon. Temperature (22-31) Arfft-Padtte BVLo* OomL Europe HVLo* Good. hmtrkm HVLo* ComL Aurkiaad 24/18 (Vudy AnferdHi 07/-J Cloudy Atlanta 11/0? Shower* Bangkok »1S Ctady Mkm 07/02 (loudy RueaosAirea 31/18 (loudy Brfng 00/-9 Omty Boil 01/-4 Showers AD I Shuwers Bombay
      217 words
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  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      686 14 15 n /TTTCTyrECTB WHERE WINE, OINE AND ENTERTAIN J WORLD'S B€ER INTERNATIONAL PARE at Cafe Carousel Feast as much as you can from a wide variety of delectable cuisines from all over the world. $16.80 (lunch) $18.80 (dinner) Prices subjcct to 10% service charge, 1% cess 8t 3% GST (jawd
      686 words
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      Page 14 Advertisements Column 2
      193 14 FREE TheßusinessTimes OR, For Euery Talqe'Away Order At* W mm m l A m iniuK Summer OmuWiMtMurmnt: JO Mmtlyt St. *014X3 GmUUm Shmt (3)04*940. TKJMMU •WMII I fancy (Beijing? I Then, we're delighted to suggest the Tine Court for a memorable dining experience. Our lunch menu offers a variety of
      193 words
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  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      399 15 Where to! wine, dine and entertain 1 lUBH| IIiPIffBBIiBPIHBBw Well d one, medium or rare. U.S. T-Bone Steaks you can really sink your teeth into. The Huhertus Grill U.S. T-Bones Steak Promotion at the ANA Hotel, >erfect (or lunch or if you prefer, after dark. A ANA HOTEL SINCAPORE 16
      399 words
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      Page 15 Advertisements Column 2
      141 15 Home Decor -For people who love their homes ICQJ THE BEST! HAWKERS'FARE AT THE PHOENIX. Tempt your tastebuds with our tasty hawker fare. You'll be thrilled. Lunch: 12 noon to 2.30 pm. Adult: $16.30* Child (under 12): $11 JO* For reservations, call 737 8666 ext 129 PHOENIX COFFEE HOUSE Hong
      141 words
  • Page 15 Miscellaneous
    • Miscellaneous
      Page 15 Miscellaneous Column 1
      704 15 TV&RADIO SMMttMtfSK 2.38 Asian Top 20 Countdown 10.00 The Last Frontiers. 1 Ji^i.-y^TTiTTgal^ x 10.30 The Science Show. 900 38 een Music Videos. ILOO Liputan Semasa. Lo# ShT O G aSS<!<! OnTV SM Wednesday s Sched. WI 4.00 Captain Caveman. 6.00 AM The Bots Master child. v* ♦JO At the
      704 words
    • Miscellaneous
      Page 15 Miscellaneous Column 2
      274 15 CRYPTIC CROSSWORD 1 Faint indication that white has ■a —ri won 9 Bottom of the class, despite exertions (5,3) 10 To carry out work at home is I I I I I I murder (2 2) Way to painstakingly produced food (12) F^|~ 13 Watch agent and consumer (8) I
      274 words
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  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      292 16 ■oowwMnm.aAi«Bi ON SUNDAY AFC Championship: Pittsburgh Steelers 20, Indianapolis Colts 16. NFC Championship: Dallas Cowboys 38, Green Bay Packers 27 Growth towards a new centuy MESB-GENEMrOff IB m For any inquiries on the products, W cftprem please contact the following companies. PRINTING MACHINERY, DIESEL GENERATOR, AIR-CONDITIONING SYSTEM, MITS ÜBl SH^
      292 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Transmarco wins US$125m deal
      495 17  -  Sri I*nkin phone job marks firm's move to make telecoms a core business By i Conrad Raj [SINGAPORE] Transmarco, the listed retail and distribution company, took a significant step towards shifting its business focus to telecommunications yesterday with a US$l25-million (S*l7B million) deal to provide and
      495 words
    • Article
      Hotel Prop grants US$23m loan to Viet-based group
      337 17 (SINGAPORE] Listed Hotel Properties Ltd (HPL) has agreed to provide a US$23 million (5532.6 million) on-de-mand loan to Luks Vietnam Co, which will in turn lend the money to Luks Industrial. HPL said in a statement yesterday that the loan will carry
      337 words
    • Article, Illustration
      Yeo Hiap Seng may confound analysts once again
      724 17  -  BOCK LOCK SBW By Genevieve Cua HOLDING a press conference on the same day that the Stock Exchange of Singapore gave the green light for Yeo Hiap Seng shares to resume trading on Jan 19 was a show of public relations savvy
      724 words
    • Article, Illustration
      Lock icon Amcol actively traded on talk Taiwan tycoon still buying
      365 17  -  By William Chia (SINGAPORE] Speculative favourite Amcol Holdings was among the most active counters yesterday on talk that a Taiwanese lighting tycoon was fast muscling his way into the company. Tsai Sao Chang, who owns two electrical companies in Taiwan and
      Source: Bloomberg  -  365 words
    • Article
      Unit trust industry set to cross $2b mark this year
      539 17  -  Analysts optimistic as equities have got off to a good start By\ Shiv Taneja [SINGAPORE] The local unit trust industry is set to cross the $2 billion mark by end-1996 a massive 500 per cent growth in four years with
      539 words
    • REGIONAL COMPANIES
      • Article, Illustration
        Wah Shing refutes claims in poison pen letter
        426 18  -  Anonymous letter alleges that Wah Shines profits lower than it reported By' Teh Hooi Ling (SINGAPORE] Main-board bound Wah Shing International yesterday refuted allegations made by an anonymous poison pen letter which claimed, among other things, that its profits are lower than
        426 words
      • Article
        Lock icon Market set for new high: KLSE chief
        448 18 Scripless trading not aimed at dob bat few tears if STpore'sOTC trading of EL shares dies, says Nik Din Reuter [KUALA LUMPUR] Malaysia's main stock market index could set a new record in 1996, the executive chairman of the Kuala Lumpur Stock Exchange
        Reuter  -  448 words
      • Article
        Lock icon Speculative trading in second board shares worries bourse
        278 18 Reuter [KUALA LUMPUR] The head of the Kuala Lumpur Stock Exchange said the bourse was worried about speculative activity driving up the share prices of Malaysia's smaller companies, but added it would keep a close watch over the situation. "We are concerned,"
        Reuter  -  278 words
      • Article
        Lock icon Sunright delivers new chip testing system
        188 18 Bloomberg Business News [SINGAPORE] Sunright Ltd has delivered its first sale of a new generation of computer chip testing system, Sam Lim, the company's chief executive, said. "We have all the major semiconductor memory manufacturers interested in our system," he said in a Bloom-
        Bloomberg Business News  -  188 words
      • Article
        Scotts sees maximum $890,000 loss from India deal
        299 18  -  By' Conrad Raj [SINGAPORE] Scotts Holdings, the service apartment operator in the midst of a family squabble over its shareholding, reported yesterday that the maximum potential loss from its controversial Indian land deal is now only $890,000. This compares with the $5.06
        299 words
      • Article
        Lock icon Sime Darby plans listing for UMBC, names chief exec officer
        298 18 MBT [KUALA LUMPUR] Sime Darby Bhd has outlined plans for its newly-acquired financial services arm, the United Malayan Banking Corp Bhd (UMBC) group, and confirmed that Ismail Zakaria will be appointed UMBC bank's chief executive officer. The plans include elevating
        MBT  -  298 words
      • Article
        Datacraft opens in Fuzhou to spearhead expansion to south
        235 18 [SINGAPORE] Datacraft China, a subsidiary of locallylisted communication and networking system integrator Datacraft Asia, has opened a new office in China. The new office in Fuzhou, the capital of Fujian province, is the company's fifth in the country. It will help
        235 words
      • Article, Illustration
        Morgan Stanley launches S'pore unit trust
        451 18  -  By\ Shiv Taneja [SINGAPORE! The muchawaited launch of Morgan Stanley Asset Management's first Singapore-registered unit trust was announced yesterday, but many retail investors will be disappointed the minimum subscription is a steep $100,000 with subsequent investments in amounts of $10,000. The Morgan Stanley Asian
        451 words
      • Article
        Kay Hian sees $8.5b raised from market this year
        327 18 [SINGAPORE] Some $8.5 billion will be raised from Singapore's capital market this year, about 30 per cent or $2 billion more than last year, said Kay Hian James Capel. The heightened corporate financing activities are expected to come on the heels
        327 words
      • Article
        Lock icon 9 groups eye Bakun dam deals
        88 18 AFP [KUALA LUMPUR] Nine consortia have tendered for construction contracts for Malaysia's mammoth Bakun dam project in eastern Sarawak state, officials from Ekran Bhd the main contractor for the dam said yesterday. "Nine consortia, joint ventures between local and international companies, have submitted their
        AFP  -  88 words
      • Article
        Improved margins push Avimo into black
        186 18 (SINGAPORE] Precision engineering group Avimo saw a turnaround in its mechanical engineering business in FY1995, with profits before tax of $1.97 million against a loss of $1.17 million in 1994. Assets employed fell 46 per cent, suggesting improved margins. The group last month posted
        186 words
      • COMPANY Briefs
        • Article
          Tri-M to review write-back amount
          59 18 [SINGAPORE] Tri-M Technologies has clarified that it will review, at the end of its financial year on March 31, the amount of the provision of 17.49 million that may be written back. This follows a commercial settlement between its associate Optics Storage and a German
          59 words
        • Article
          Inter-Roller appoints executive director?
          41 18 [SINGAPORE] Inter-Roller Engineering has appointed Winston Tan Tien Hin executive director with efltet from yesterday. Mr Tan is also a director of Singapore Technologies Automotive and executive rhairmmn of Worldtech Systems, an associate company of Inter-Roller Engineering.
          41 words
        • Article
          Bonvests dismisses talk of takeover
          17 18 [SINGAPORE] Listed Bonveets Holdings yesterday said rumours of its takeover are (Use.
          17 words
        • Article
          Lock icon M'sian Oxygen to build M$300m plant
          100 18 Reuter [KUALA LUMPUR] Malaysian Oxygen Bhd plans to spend Ms3oo million (Ssl66 million) to set up a plant (to air •operation, Bernama news agency reported yesterday. Th# plant, to be completed late next year or early 1906, is needed to meet an increasing demand
          Reuter  -  100 words
    • INTERNATIONAL COMPANIES
      • GLOBAL Briefs
        • Article
          Lock icon Forte names Tennant chairman
          71 20 Bloomberg Business News (LONDON] Forte pic, fending off a £3.8 billion (518.3 billion) bid from Granada Group pic, bent to shareholder pressure and agreed to separate its top jobs in an effort to retain independence. Forte said deputy chairman Anthony Tennant will be promoted to non-executive
          Bloomberg Business News  -  71 words
        • Article
          Lock icon BHP pays A$2.3m over oil spill
          68 20 Reuter [MELBOURNE] The Broken Hill Pty Co Ltd has paid the Australian state of Tasmania A 52.3 million (552.4 million) in costs associated with the grounding of an ore carrier off Tasmania last July, the Tasmanian government said. "This figure represents 90 per cent
          Reuter  -  68 words
        • Article
          Lock icon Qantas foreign owners fall to 47.5%
          62 20 Reuter (SYDNEY] Qantas Airways Ltd said its level of foreign ownership has fallen to about 47.5 per cent from about 49 per cent in November last year, the maximum permitted under the company's articles of association. Qantas has to notify the Australian Stock Exchange
          Reuter  -  62 words
        • Article
          Lock icon Fairfax subsidiary's MD resigns
          72 20 Bloomberg Business News (SYDNEY] Newspaper publisher John Fairfax Holdings Ltd has lost its fifth executive in less than four months with the resignation of Stuart Simson, the managing director of the publisher's subsidiary David Syme Co. Chief executive Bob Mansfield said Mr Simson, who had worked
          Bloomberg Business News  -  72 words
        • Article
          Lock icon NZ's Telecom's mobile business falls
          71 20 Bloomberg Business News [WELLINGTON] Telecom Corp said sales of mobile phone connections fell about 50 per cent in the three months ended Dec 31 from the previous quarter. Telecom's shares fell 2 cents to NZ56.55 yesterday. Telecom signed up between 20,000 and 25,000 new customers
          Bloomberg Business News  -  71 words
      • Article, Illustration
        Lock icon Fortune accuses Forbes of favouring advertisers
        541 20 Big advertisers were exempted from criticism: Fortune NYT [NEW YORK] In an unusually direct attack on a competitor, Fortune charged in a cover story yesterday that some large advertisers in Forbes magazine have been "exempt from tough editorial criticism". The article said that General
        NYT  -  541 words
      • Article
        Lock icon Pacific Dunlop sells pasta unit to US-based Pillsbury for A$100m
        499 20 Bloomberg Business News [MELBOURNE] Diversified Australian manufacturing company Pacific Dunlop Ltd said it has sold its Pasta House food making unit to Pillsbury Co, a unit of Grand Metropolitan pic of the UK, for Asloo million (Sslos million). The Pasta
        Bloomberg Business News  -  499 words
      • Article
        Lock icon Hopewell to spin off transport unit
        534 20 Move to sell 25% of unit aimed at easing high debt load of abont 60% of equity Reuter (HONGKONG] Hongkong's Hopewell Holdings Ltd announced plans yesterday to spin off its transportation projects and sell a minority stake in the new unit to ease its
        Reuter  -  534 words
      • Article
        Lock icon Knight-Ridder to sell data service unit
        338 20 NYT [NEW YORK] After years of trying to transform its electronic financial news service into a leading competitor, Knight-Ridder Inc threw in the towel on Friday, saying that it would put the service up for auction this spring. The company, which is best known
        NYT  -  338 words
      • Article
        Lock icon Bid to manipulate Fokker shares
        253 20 Bloomberg Business News [AMSTERDAM] Fokker NV shares fell as much as 37 per cent after a Dutch newspaper published an anonymous fax that said the company lost 1.45 billion guilders (551.27 billion) last year. On the Dutch exchange, Fokker was the second most active stock
        Bloomberg Business News  -  253 words
      • Article
        Lock icon IBM, Sears exploring options for Prodigy
        116 20 Reuter [NEW YORK) International Business Machines Corp (IBM) and Sears, Roebuck Co are exploring their options about the future of their Prodigy online venture, the Wall Street Journal reported yesterday. Sears has retained investment bankers to explore the sale of its 50 per cent
        Reuter  -  116 words
      • Article
        Former chief of IHD loses court appeal
        205 20 [HONGKONG] Malaysian businessman and former chairman of Hongkong-listed Intercontinental Housing Development (IHD) Ch'ng Poh yesterday lost his appeal to have his cheating conviction overturned. While rejecting his appeal against the conviction, the High Court here said Chn'g's bid to have the five-year jail
        205 words
      • Article
        Lock icon Citic opens 300m yuan securities arm
        243 20 Bloomberg Business News [BEIJING) China International Trust Investment Corp, China's leading international investment company, has opened a securities and investment banking arm. Citic Securities Co, immediately becomes one of the nation's four largest securities companies with registered capital of 300 million yuan (Sssl million)
        Bloomberg Business News  -  243 words
    • FINANCE & COMMODITIES
      • Article
        Growth in world debt market may taper off: merchant bankers
        455 21  -  Bnt margins should begin to stabilise with the retreat ofJapanese banks By\ Siow Li Sen [SINGAPORE] Merchant bankers feel the growth in the domestic and offshore debt market will taper off this year with total syndicated loans last year only
        455 words
      • Article
        Lock icon Australia newsprint prices may rise by as much as 10%
        222 21 Reuter [SYDNEY] Australian Newsprint Mills Ltd (ANM), which supplies about 70 per cent of Australia's newsprint stock, said it could lift prices by as much as 10 per cent if flagged US newsprint price increases stick. Analysts said the 10
        Reuter  -  222 words
      • Article
        Lock icon Indonesian debt markets one of Asia's best, say fund managers
        455 21 Bloomberg Business News [HONGKONG] Indonesia's debt markets are one of the best Asian investment opportunities of the year thanks to bank deposit and commercial paper interest rates exceeding 15 per cent, combined with a moderate and predictable currency depreciation, international
        Bloomberg Business News  -  455 words
      • Article, Illustration
        Untitled
        1243 21 nrwMiopmMiiCTOT «M»>t Si AfliMt IBS KMU SS tuMst USS Currencies BM Ofltf Bid Offer Currencies Bid Offer BM Offer t Fr«Kh franc 28.7347 28.7665 4.9495 *9515 Ucal dollars toon* unit of foreign currency: Hongkong dollar 18.40 18.42 7.7315 7.7325 Australian dollar 1.0580 1.0594 0.7436 0.7441 Indonesia rwpiafi 0.0621 0.0622 2,289.500
        1,243 words
      • Article
        Lock icon Chinese insurance firm records substantial growth
        328 21 AFP [BEIJING] The People's Insurance Company of China (PICC), the country's largest, reported a substantial growth in business yesterday over the past year due to improved management and a restructuring programme, Xinhua said. PICC posted a total premium income of 47.62 billion yuan (SsB
        AFP  -  328 words
      • Article
        Lock icon Stanchart, Bank of East Asia to tap HK$3b
        162 21 SCMP [HONGKONG] Standard Chartered Bank and Bank of East Asia are borrowing at least HK$3 billion (***** million) despite concerns that the market would need to recover from the massive HK$B.2 billion airport loan. Standard Chartered has been talking to lenders about
        SCMP  -  162 words
      • Article
        De Beers, Russians in diamond talks
        289 21 [SINGAPORE] This week, delegates from De Beers will meet Russian diamond suppliers in Moscow in a second attempt to renew a five-year supply pact that was extended to Feb 1. "Positive discussions" that took place last month in Moscow between De Beers and Russian
        289 words
      • Article
        Lock icon CURRENCY REPORT
        175 21 Reuter, AFP London THE dollar was stuck fast in Europe following an unsuccessful attempt to steer a course through 1.4460 marks. Despite the US currency's better bid tone there is little on the fundamental front ahead of tomorrow's resumption of US budget talks seen likely to stir activity.
        Reuter,; AFP  -  175 words
      • Article
        Lock icon Oil prices due for upside correction
        333 21 EMERGY REPORT Knight-Ridder [NEW YORK) Oil prices are due for an upside correction with products expected to draw support from refinery turnarounds. But the scale of last week's heavy falls means few in the market are willing to bet on when recovery will happen
        Knight-Ridder  -  333 words
    • COMMODITIES & FUTURES
      • Article
        COMMODITY Reports
        626 22 [KUALA LUMPUR] The Kuala Lumpur Tin Market opened the week 11 sen lower to M 515.81 on active liquidation amid continued selling activities on last Friday overnight London Metal Exchange. A dealer said the market tone was easier with European and locals being the major buyers. At the
        626 words
      • Article
        Lock icon SIMEX Report
        1041 22 Reuter [SINGAPORE] Simex Euroyen futures recovered from their early lows on some afternoon short-covering but ended within a narrow range with no clear direction yesterday. Volumes were very low with Japanese and US markets closed for a holiday and no news to inspire activity. September Euroyen ended at
        Reuter  -  1,041 words
      • Knight-Ridder Commodity Summary
        • Article
          ICO members export less coffee
          87 22 [LONDON] Coffee exports to all destinations by exporting members of the International Coffee Organisation (ICO) during November totalled 4.98 million 60 kg bags, according to preliminary ICO estimates. The data shows November exports were down 92,000 bags from exports in November 1994. Exports to all
          87 words
        • Article
          Pakistan in rice export talks
          79 22 [KARACHI] Pakistan is in talks with the Philippines, Niger and Bulgaria to export 500,000 tonnes of its IRRI-6 rice, government officials here said yesterday. A spokesman for the state-run Trading Corp of Pakistan said the Philippines and Bulgaria will be supplied with 200,000 tonnes each,
          79 words
        • Article
          Russia-Azeri crude pipeline agreement
          98 22 [LONDON] Russia and Azerbaijan are to sign an agreement on the transportation of "early" oil from the sea deposits of Azeri, Chirag and Gyuneshli via Russia on Thursday, the Interfax News Agency reported. The agency said the document also will be signed by the Azeri International
          98 words
        • Article
          Malta seeking barley,corn offers
          52 22 [HAMBURG] Malta was seeking offers to buy optional-origin barley and corn yesterday, European traders said. One tender will be for two times 6,000 tonnes yellow corn for arrival first-half April through May, they said. Another tender will be for 5,000-6,000 tonnes optional-origin barley for arrival Feb-Mar,
          52 words
        • Article
          Eight quality for Saudi project
          110 22 [RIYADH] Eight Saudi and foreign companies have qualified to bid for a copper and zinc mining project by Oct 30, the directorate of mineral resources of the Saudi Arabian Ministry of Petroleum and Mineral Resources said yesterday. The Bureau de Recherches Geologiques et Minieres carried
          110 words
      • Article
        Lock icon Colombia set for lower coffee prices this year
        175 22 KnightRidder [BOGOTA] Colombia expects to export about 18 per cent more coffee in 1996 at an average price 25 per cent lower than in 1995, with production likely to remain steady. The coffee sector faces two major internal problems the borer worm
        Knight- Ridder  -  175 words
    • Article
      COMMODITY PRICES
      1085 22 8IC0MP0TPKBS Jan 15 lUnCl (Mw«s cM*f m at SJOpa) RSS1 CONTIACTa cMtt/k*} CtM« WWM OpM Wf* If" 5«tt (tmw) hrtfMt [*H 221.50 I7M MarM 22t00 221.00 ***** 100 2379 a* 222.25 222.25 220.00 100 3900 222.25 222.25 220.00 100 3900 *•94 222.25 222.25 220.00 100 3650 220.00 *****
      1,085 words
    • Article
      WORLD STOCK MARKETS
      1818 23 qi«*« +5.4 SHARE prices closed mixed yesterday but with a marginally firmer edge in the blue chip stocks, underpinned by Bund-related gilt gains, and a slightly stronger Wall Street. But investors remained cautious about the Dow's short-term prospects with no early solution seen to the unresolved question
      1,818 words
    • Article
      REGIONAL STOCK MARKETS
      4876 23 dSytoey 44 SHARE prices closed 0.3 per cent weaker yesterday after a day of lacklustre trade dominated by a 2.1 per cent fall in the gold sector as the metal ended its week-long bull run. "The market was driven by the fact that gold was down it's
      4,876 words
    • Article, Illustration
      Lock icon HONGKONG
      2518 24 AFX-Asia HingSeng +0149 SHARES closed up, but off highs in a late rally backed by European orders which pushed the market above the 10,600 level. The Hang Seng Index closed up 94.49 points at 10,634.50 having traded between a high of 10,657.31 and a low of 10,550.84. Turnover was
      AFX-Asia; BCRUZ  -  2,518 words
    • Article, Illustration
      Lock icon CHINA
      677 24 Reuter nShaoghaißStohde, +&27 SHANGHAI B Share Index ended higher in slow trading yesterday with most investors staying on the sidelines due to market uncertainties. The index rose 0.27 point to 51.04 on a volume of 2.1 million shares worth U*****,000. A total of 24 stocks traded with 13 up,
      Reuter; Source: Credit Lyonnsis Securities(Asia) Ltd  -  677 words
    • Article, Illustration
      Lock icon JAKARTA
      1051 24 Bloomberg Business News Q Composite Index *1211 STOCKS rose, reaching a 23-month high, led by the market's largest companies as foreign investors brought in money from more developed markets. The Composite Index rose 12.91 points, or 2.4 per cent, to 563.9. It last closed that high in February 1994.
      Bloomberg Business News; BCRUZ  -  1,051 words
    • Article, Illustration
      Lock icon BANGKOK
      1212 24 Bloomberg Business News P SET Mi «gj> STOCKS were mixed, as publishing and property issues rose and communications and petrochemical issues fell. Publishing issues were led by Matichon, which surged after it announced plans to sell debentures. Property shares were led by Hemaraj Land Development, on expectations interest rates
      Bloomberg Business News; ALLAN  -  1,212 words
    • KUALA LUMPUR STOCK MARKET
      • Article, Illustration
        Lock icon Stocks rise, led by Maybank on profit hopes
        7189 25 KUALA L u wmr u AReports Bloomberg Business News Fl Composite Index +10.78 STOCKS rose, led by banks, as Malayan Banking reached a record high on expectations it will soon announce strong earnings for the half year through Jan 1. "It's been
        Bloomberg Business News; ALLAN  -  7,189 words
    • WARRANTS & OPTIONS
      • Article
        G K Goh, Kim Eng still attractive
        265 26  -  WARRANT WATCH By' Ven Sreenivasan ASTUTE readers of this column would know that last month we noted that warrants of broking firms deserved a second look as overall market volume was steadily picking up. We were convinced that the biggest beneficiaries of this
        265 words
      • Article
        Untitled
        3295 26 BONDS, LOANS ft WARRANTS c« wt 1995/96 Last Val Day Last Ouol* Y M Avg "O U» Stn» Company «g> «ar- COOP) High Low Buyar Sallar <%> Prlca 56 45 3000 m AMDS cS.5%*****6 50.5 -1.5 10 50.5 50 50 5 52 374 120 m 3001 Amcoi ******5 336 -4
        3,295 words
    • Article
      CLOB INTERNATIONAL
      2191 26 MALAYSIAN STOCKS Gf Or 95/ 6 V D«v Lait Quota 01 v Oty Ykj Nat M Cap High L— >tna Company if COOP) High Law Buyar SaWar Cw H P/I Smll ~j« MOO AISB50C MO 131 S75 540 MO MO $3 49 OJ TO? iijl 420 70.5 5001
      2,191 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        1883 27 iHMgm to* 3 svS iwiil moM 5U2 mi>S hum wm «JH MAW OJM TOTAL Jt SL-JS* A ft—» J* B-JS2 MlrtfrM *****0 34 9 5 124 41 25 nWM 23 2 t i 1(1 HsKM 7 2 3 lOt 0 2 4 HWHrtlM 771 9 9 0 9 WiHUIM 0
        1,883 words
      • Article
        MAIN BOARD
        4225 27 Or Of M Wt 199S/96 Last VI Day Laat Quata Oh Mv VW Nat Cap Avg Hmi Law MNi Cifnny m POOP) WO Laar Buyar Sa8ar Cw W tut Prtea 214 176 12M AcarSOc US206 *2 t30 206 204 205 208 13.9 341.0 494 316* m t 1000
        4,225 words
      • Article
        SESDAQ
        883 27 1WV t Vol Day LMtOMt* M Mr ni MM M mn> l— atm ciim *tt» roooi »•»> l— 8wyr «—r cv p/i Prtc« 322 40 2000 ABRHMqsSc 268 -4 79 274 266 2M 269 >8.0 6.9 OJ 58.3 n«.5 266 280 50 t 2001 Asiomatrtx SOc 208 »1 29
        883 words
      • Article
        Untitled
        218 28 Stocks Vofcme •Promet 18,296,000 •CASH 50c 11.594,000 Amcoi 25c 10,504.000 Kim Eng Wt97 9,655,000 •SriHartamas 7,532,000 •WrteHydSOc 6,673,000 IPCCorpn5c 6,664,000 •KL Industries 6,390,000 •Berjaya Group 6,316,000 *HLeonq Prop 5,354,000 Shcfa Amcol 25c 1 45,784,144 •CASH 50c 33,747,630 •Promet 30,470,690 •West mont Land 19,695,140 OCBC Foreign 19,578,811 •GoMen Plus H 18,757,940
        218 words
      • Article, Illustration
        Lock icon HOT STOCK
        72 28  -  by Paul JEN CHUA HONG Leong Properties surged 14 cents, or 7.3 per cent, to $1.92 on strong volume of 5.35 million shares, slight' ly more than three times the 104 ay average of 1.69 million units. While the buying is very strong, investors should nonetheless be cautious
        JEN CHUA  -  72 words
      • Article, Illustration
        Foreign buying continues, this time from Europe
        647 28  -  STOCK MAUBT COMKHMTAXY While institutions continue to seek blue chips, Malaysian OTC shares hog the limelight; second-liners too end on firm note By Paul Leo [SINGAPORE] Blue chips continued to be sought sifter by foreign institutions but it was Malaysian over-the-counter shares that
        647 words
      • ON THE GRAPEVINE
        • Article
          Hong Png first to put the Signature
          137 28 IT SEEMS City Development shareholders have a lot to thank Mr Kwek Hong Png, who passed on In 1994. Over the objection of his children, the astute founder of the Hong Leong group bought the Signature Park site at Toh Tuck from the
          137 words
        • Article
          New wave theory?
          82 28 AN INSTITUTIONAL dealer, explaining how the regional markets will perform with the inflow of foreign funds, has classified the bourses into different classes of ships. Tokyo is like a supertanker, steady and stable and won't be swept ahead very much by the waves. Philippines and Thailand are
          82 words
        • Article
          Poison letters floating around
          161 28 AS THE TIDE swells, it not only lifts all ships but also brings in all sorts of flotsam and jetsam. The recent pick-up in stockmarket interest has also been accompanied by a notable increase in the number of anonymous poison pen tetters sent to the press
          161 words
        • Article
          Cosco's well-tried formula
          134 28 CHINA Ocean Shipping Co, or Coaco, likes to use a well-tried formula when It maps out its corporate movements. The group first ventured into Singapore by buying into Sun Corporation and changing its name to Cosco Investments. It thai started injecting other group assets into the listed
          134 words
  • Page 17 Advertisements
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      107 17 A company's strength lies in the Backbone of its staff. The Alpha AP 5490 can be ad- tall can enjoy perfect posture, justed to suit all body heights and sitting becomes a pleasure, and working positions. The Dauphin Syncro-Balanca fea- Dauphin (S.E.A.) Pta Ltd ture allows the entire upper sec-
      107 words
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      93 18 We provide consultancy services on offshore structures, shelf companies and incorporations in ALL jurisdictions, including British Virgin Islands Mauritius Cayman Islands Hong Kong Bahamas Western Samoa Full nominee, management, corporate secretarial and professional administration services are available. We specialise in offshore trusts, offshore banks, and captive insurance companies for qualified
      93 words
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      Page 19 Advertisements Column 1
      168 19 Introducing the Morgan Stanley Asian Growth Fund Minimum Subscription Ssloo,ooo All front-end loads will be waived before February 15,1996. The Morgan Stanley Asian Growth Fund will be managed by Morgan Stanley Asset Management Singapore Ltd. The Fund seeks long-term capital appreciation through investment in the stock markets of Asia excluding
      168 words
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      Page 20 Advertisements Column 1
      191 20 Tea Talk Tea Talk HOW TO BUILD A CD-MAP LEARNING ORGANISATION Customer-Driven Mission Achievement Process Dote Tuesday 23 Jan 96 Date Tuesday 23 Jan 96 Venue Concorde Hotel Venue Concorde Hotel Fee $28 per participant Fee $28 per participant Based on Dr Marquardt's An Advanced Strategic Learning Organisation Model Planning
      191 words
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      Page 20 Advertisements Column 2
      112 20 The Art of Chinese Imperial Style Hardwood Furniture W ON EXHIBITION Date From today until 10 February 1996 (Mon Sat. 10am 6pm) Venue: HUA SHI FINE ART GALLERY Showroom 1 608 Martin Road. "05-04 Trade Mart Singapore Tel: *****92 (C;ir enters from River V.illpy ("lose) Showroom 276 River Valley Road.
      112 words
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      96 21 SALE BY TENDER Machinery and equipment for screening, cleaning and bulking j of agricultural products incorporating laser technology for high j speed sorting and throughput. j SGS Testing Control Services Singapore Pte Ltd invites all J interested parties to submit sealed bids by 31 January 1996. I The Company reserves
      96 words
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      24 24 For further information on which newsstands carry Her World, Go, Singapore Business, Home Decor, Young Parents, Please call our Customer Services Section on 1800-749-2577.
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      93 25 ADF TTTI? DTTT T CDA \T O Subscribe to Nome (Mr/MrVMs/Df*): Age: r\JVH/ Ixlll/ I>IJJLJLfI3 i The Business Times, Find out by reading The Business Times daily. I Occupation. Tlx/Fax' 12 months I want to *jt*crtbe let monlhiatSJ Business Tines "«S$ 265.20. I G S$ cheque/money ordw VU wApayncHiD US$
      93 words
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      130 27 Need cash for any worthwhile purpose? At Hong Leong Finance and Singapore Finance, we give you cash for your shares almost immediately. This is all you have to do: So, why keep your shares tucked away? Use c* i~ u Jsi > it for a million purposes. Call us today
      130 words
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      578 28 B_U_S_JL_N__E_S S TIMES M THE MATTER OF THE COMPANIES ACT, CHAPTER 80 AND IN THE MATTER OF CAROOFLO PTE LTD (IN CREDITORS' VOLUNTARY LIQUIDATION) FINAL MEETING NOTICE IS HEREBY GIVEN, pursuant to Section 308 of the Companies Act, Chapter 50. that the FINAL MEETING 14. 11. ~i| f- -J n;|
      578 words
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      Page 28 Advertisements Column 2
      194 28 r M THE MATTER OF THE COMPAMES ACT. CAP 90 AND M THE MATTER OF MAMOAJMKTALSPTWLTD (In Members' Voluntary ftTTTHT TTFFtIIM MFTTttTI NOTICE IS HEREBY GIVEN pursuant to Section 306 of tie Companies Act. Cap 50. that a —J Ml II r itm nmxntng o» me Mwnoers of the abouenamed
      194 words
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      Page 28 Advertisements Column 3
      672 28 IN THE MATTE* Of THE COMPANIES ACT CAP.» AND IN THE MATTES OP REPLAY SINGAPORE PTE LTD notice or srecui. iemm ,i mott FOB MEMBERS- VOLUNTARY WINDING-UP IflraMl la Sirtlw M) Al an extraordinary general meeting of lite members of the abovenamed Company. duly convened and held at 190 Middle
      672 words
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      Page 28 Advertisements Column 4
      201 28 Singapore Closing Share Prioos 18/01/1996 CLOSE PREV LOW HIGH Sill## USS uss uss uss Sllilr Jardine Matheson 7.75 7.55 7.55 7.75 FfiMH Jardine Strategic 3.22 3.15 3.20 3.30 LjKSSSr A Da,ry Farm 1 1-07 1.03 i.07 WbZWm Hongkong Land 2.02 1.06 1.07 2.03 ■Slinpi|P| Mandarin Oriental 1.25 1.27 1.23 1.27
      201 words
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      Page 28 Advertisements Column 5
      79 28 H.J. DEVELOPMENT PTE LTD MR FOO KOK JIM (NRIC No. *****429J) of H.J. Heights ceased to be a director of the company as from 4 December 1995 and hence has no authority and interest in the company and therefore is not permitted to represent or act in any capacity whatsoever
      79 words
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  • SHIPPING TIMES
    • Article
      Lock icon DAILY FREIGHT
      317 29 Knight-Ridder, Reuter THE negative impact of Panamaxes ballasting from the Pacific into the US Gulf was seen on Friday on grain rates from the US Gulf, shipbrokers reported. Taken together with difficult conditions for Handy-sizes throughout the Atlantic and for Capers world-wide, the dry cargo market presented a
      Knight-Ridder,; Reuter  -  317 words
    • Article
      MARITIME STOCKS
      296 29 tts Mm *h HI CWT Distribution 1.66 *0.01 325* Chum Hup Hoidtaqs 1_29 *0.03 227 Coseo Invastmant 2.01 -0.01 87 FELS 6.70 *0.09 480 FraioM Links 0.965 *0.025 660 GSHoMlnqs 138 -0.01 500 HaiSunHup 105 *0.04 3757 Hitachi Zasan 1.13 *0.01 392 IMC ItoMnqi HK5.60 JayaHoMinqs 1.68 *0.05
      296 words
    • Article
      Kvaerner's S'pore yard clinches US$35m deals
      355 29  -  Under the contracts 6 catamarans will be delivered to Asian owners this year By Yong Mei Fong [SINGAPORE] Kvaerner Fjellstrand, a member of Norwegian engineering giant Kvaerner, has secured six new contracts totalling some US$35 million (5549.7 million). The Singapore yard, which specialises in
      355 words
    • Article, Illustration
      Lock icon Bound for North Korea
      46 29 [PUS AN] The Chinese-registered freighter Yanlong IVpulling out of South Korea's Pusan port shortly after dawn on Sunday bound for Shinpo, North Korea. It is carrying the first shipload of equipment for use in the construction of light water nuclear reactors. AFP
      AFP  -  46 words
    • Article
      Lock icon New guarantee scheme for shipowners awaits US nod
      220 29 Cost of Second Line will be modest as it is only an alternative Lloyd's List [WASHINGTON] A new scheme that will help the world's largest shipowners meet the financial responsibility requirements of the US Oil Pollution Act in a more cost-ef-fective manner
      Lloyd's List  -  220 words
    • Article
      Lock icon Cargo growth up 29% at Cambodian seaport in '95
      258 29 Reuter [PHNOM PENH] Cambodia's southern seaport of Sihanoukville saw a 29 per cent cargo growth in 1995 and expects the trend to continue in 1996, a port director said last week. "For the cargo 1995 was a very good year. The
      Reuter  -  258 words
    • Article
      Lock icon Warning on Aussie reef
      128 29 AFP [SYDNEY] Foreign rust-bucket ships could bring an environmental disaster to Australia's dazzling but fragile Great Barrier Reef, a shipping official warned last week. The reef, which forms the world's largest coral structure as it stretches 2,000 kilometres along the Queensland coast, narrowly escaped two environmental
      AFP  -  128 words
    • Article, Illustration
      Lock icon Higher costs from CT9 delay
      1037 30  -  HONGKONG TERMINAL DELAY: SHIPPERS GO ELSEWHERE Beijing and Britain finally come to terms on new port facilities but the politically-inspired three-year holdup has cost the Territory in lost business opportunities and competitive edge as other regional ports modernise facilities By\ Sandy Hendry Bloomberg Business News
      Bloomberg Business News  -  1,037 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      316 30 PAGE ACL n ANL 3 Able 7 Accord 12 AMers 6 Ahrenkiel 4 Appenship 4 Astro 10 Austral 11 Avant 6 BSA 11 Batamindo 7 B'tang Mas 12 Bright Express 6 CCNI 4 CMA 11 COSCO 7 CSAV 3 Centenary 7 t Central
      316 words
    • Article
      SHIPPING GUIDE
      13973 36 ETA ETA Advertiser Vessel Voyage Pq ETA ETA Advertiser Vessel Voyage Pg SIN Oest'n Heme Name No No. SIN Dest'n Name Nam# No. No 20/01 02/03 Del mas MED NAGOYA »7W S Abidjan Barcalona M/# 02/03 COSCO LIANG SHAN /0M2 7 T Tri#lt EVER CREET OOM OS3W 4
      13,973 words
    • SHIPS IN PORT
      • Article
        CONVENTIONAL WHARVES
        690 43 Voy Nc Barth Arrival D*p*rtur« ®D I/* m< '"J along s»d( 16.01/1900 !2 atongsx* 16 01/1900 (W) JaM RaMat 1/96 Jl alongside 16.01/2300 (W) Tana* Muda 2/96 Jl JiooqstO* 16.01/1000 Ajjana Jaya *109 Jll atongsKM 16.01/0500 9512 J4 alongsida 16.01/2359 *ri» 928 JW alongsid* 16.01/2300 Sanq»»ontl* 29 J11
        690 words
      • Article
        CONTAINER SCHEDULES
        1677 43 RECEIVING Of EXPORT Fa CONTAINERS ANO LCL CARGO Booklnq/BtUnct Rstls Ship Voy Mo Etb/Btr Portod From To From *c« J44» 2711 M700 U 8/1500 8/M54 15/1400 I H/oroo m/»4 Wmoo 4 M/1200 M/MS4 M/1700 *00 WHO a IS/WOO MM IMW 4/0700 M/1B4 M/1400 4 M/1200 M/M54 M/1700 AMroSUr
        1,677 words
      • Article
        COCKETT BUNKER MARKET REPORT
        833 43 THIS report, compiled by Cockett Marine Oil Ltd, shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on average-sized stem. Market movements are indicated. The Cockett Bunker Price Index change and the individual
        833 words
      • Article
        GLOBAL HOLIDAY
        569 43 JAM 21 Nepal: Market holiday, Lhochhar festival. JAN 22 Pakistan: Market and Public Holiday (Ist Ramadan). JAN 28 Nepal: Market holiday, Basanta Panchami. JAN 20 Australia: Market and Public holiday, Australia Day. Uganda: Market and Public holiday, National Resistance Movement/Army Day. JAN 30 Nepal: Market and Public holiday.
        569 words
    • AIR & LAND TRANSPORT NEWS
      • Article
        Lock icon US signed aviation pacts with 30 nations in '95
        399 44 Bnt it fails to get more space at Heathrow as UK clings to a 77 accord Reuter [WASHINGTON] The Clinton administration signed "open skies" agreements with about 30 countries in 1995, but had one major setback in its effort to expand
        Reuter  -  399 words
      • Article
        Lock icon Aircraft noise expert Paul Borsky dies, age 75
        344 44 NYT [NEW YORK] Paul Borsky, who studied the effects of aircraft noise on people just when the term sonic boom was entering the common vocabulary, died last Tuesday at his home in Plainview, New York. He was 75. The cause was cancer,
        NYT  -  344 words
      • Article, Illustration
        Lock icon Train accident sets off bush fire
        58 44 [PERTH] The burnt-out wreckage of two freight trains lie where they collided in a remote area near Hines Hill, 260 km east of Perth in Western Australia on Sunday. The accident, which killed one of the train drivers and an 11-year-old boy, caused a
        AFP  -  58 words
      • Article
        Lock icon British-Indian venture to place luxury train on track
        275 44 World's most expensive tourist train will be signalled off next year AFP [NEW DELHI] An Indian firm has joined hands with Britain's L and R Leisure group to launch the world's most expensive and exclusive luxury tourist train in India, the Times
        AFP  -  275 words
      • Article
        Lock icon Vietnam Airlines set for expansion
        320 44 Move prompted by projections of rapid increase in traffic Reuter [HANOI] Vietnam Airlines is about to begin a drive to expand and modernise in preparation for a passenger market that it believes will more than double by the end of the century. Thanks to vigorous
        Reuter  -  320 words
      • Article
        Lock icon British Airways places US$1b tender for 60 jets
        199 44 Reuter [LONDON] British Airways said it has invited five aircraft makers to tender for the supply of up to 60 new regional jets. The contract could be worth more than US$l billion (551.42 billion), it added. Airbus. British Aerospace's Avro, Boeing, Fokker
        Reuter  -  199 words
      • Article
        Lock icon Yen seen to boost profits at car firms
        198 44 AFP [TOKYO] Japan's 11 carmakers will likely boost their combined pre-tax profits to 900 billion yen (5512.15 billion) in the year to March 1997 if the dollar stands at 105 yen on average, the Nihon Keizai Shimbun said yesterday. Japan's top carmaker,
        AFP  -  198 words
      • LOG Book
        • Article
          Lock icon American Air's Dec cargo traffic falls
          71 44 Reuter [FORT WORTH, Texas] America Airlines said last week its December cargo traffic fell 2.6 per cent compared with the same period a year ago, to 172.1 million ton miles from 176.7 million ton miles. The company said the winter weather hurt traffic results,
          Reuter  -  71 words
        • Article, Illustration
          Lock icon Rebuilding after Hanshin quake
          53 44 Reuter [KOBE, Japan] The collapsed Hanshin Expressway, cut off along its Kobe route, undergoes reconstruction as a security guard guides traffic beneath it Tomorrow marks the first anniversary of the Great Hanshin earthquake. Reconstruction work started cm Jan 6. The expressway is scheduled to reopen before
          Reuter  -  53 words
        • Article
          Lock icon Beijing bans 'bread roll'taxis
          70 44 AFP [BEIJING] Beijing authorities have decided to ban a popular yellow minivan, dubbed the "bread roll", for use as a taxi. New vehicles of this type will no longer be allowed to be registered for use as a taxi, the official China Daily said last week.
          AFP  -  70 words
        • Article
          Lock icon Alcohol not a factor in Colombia crash
          51 44 Reuter [WASHINGTON] Alcohol found in the remains of the captain of an American Airlines jetliner that crashed in Colombia last month came from decomposition and not consumption, American Airlines said in a statement on Saturday from the company's headquarters in Fort Worth, Texas.
          Reuter  -  51 words
        • Article
          Lock icon Chinese rail firm sells corporate bonds
          80 44 Bloomberg Business News [GUANGZHOU] Guangdong Gaungmeishan Railway General Co, a state railway company, is selling ISO million yuan (5J25.5 million) in three-year bonds to buy railway cars and other equipment, the official Securities Times newspaper reported yesterday. The bonds, which will be sold by
          Bloomberg Business News  -  80 words
      • Article
        Lock icon Korean Air to spend 11 trillion won to upgrade fleet
        152 44 Reuter [SEOUL] Korean Air Lines Co (KAL), a unit of South Korea's Hanjin Group, said yesterday it will spend 11 trillion won (5519.8 billion) by 2005 to modernise its fleet. A KAL spokesman repeated an earlier announcement by Hanjin that
        Reuter  -  152 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1598 44 cmr FU6HT ETA FU6HT CTP _Gaangzhoa PtC CZ354 0920 m09 2120 Hanoi VN74S 1305 VN744 1405 AdaWda BY609 1910 0F82 2050 WI741 WO VW740 MO Of81 1930 Hat Yd TG407 2120 TG408 0620 S0228 2120 MI895_2255 MI896 1920 Aastardam GA897 1145 KL844 0110 HoCMMnh VN741 1310
        1,598 words
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      Page 29 Advertisements Column 1
      11 29 Higher costs from HFs CT9 delay Shippers go elsewhere. Page 2
      11 words
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      Page 29 Advertisements Column 2
      304 29 r— I-, Tan Kay Hock now jflflfekk FLEH's deputy president Freight Links Express Holdings (FLEH) has appointed its vice-president 1 Tan Kay Hock deputy president. With the promotion, Mr Tan now takes charge of mergers and to heading the planning, overseas H operations, corporate and management, as and travel-related Aviation
      304 words
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      Page 29 Advertisements Column 3
      14 29 US signed 30 air accords in *95 A major setback is Britain. Back Page
      14 words
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      1262 30 S9HHHS I OTHER CmrnHATKMS I I NORTH AMBtiCA I OHM-CT CALL TO WEST CO«T 800 WCTTCOASTI U 0* va sa m WM OK m wocnon w» |wt| I TW I "Miff" TVHT "gUT «wu m \i/t\ 14/11 nm t&m am mm am um mm mm n/n tamui n/n m/u I
      1,262 words
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      Page 30 Advertisements Column 2
      358 30 Lines and service* represented by Members of the Registry of Accredited ft/fJSKVy Shipping Agents, Singapore National Shipping Association. CALL US... [iPr^^SKr tm\ 4 ANYWHERE, ANYTIME. In the demanding world of marine With a worldwide supply network of lubrication, the efficient servicing of more than 550 ports in over 70 customers'vessels
      358 words
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      1031 31 PAQFK SOUTH WEST EXPRESS (DIRECT) wr I m swm lawtrp luu aai I i— cw I urc I ah hou 1 wot 1 «a tnmuNK obi is/»i ly/ii 1 ly/ii Ib/w mm am 1 vm 1 mm I mm I mm |mm 1 mm a— n Mir 1-- i— I.
      1,031 words
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      Page 31 Advertisements Column 2
      1103 31 0 HANJIN SHIPPING I USA CANADA |«wvßa g m mmm |»\m\ m o, m m I■ 1 m |x| ai m m m m m t» SS 5 g" S w/w 1 -m-~m m-~m —m~ —m~ ?2 S£ I' I**1** 1 1 17/ l//w 11/w "/w h/w uTr »/w "i/w
      1,103 words
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      Page 31 Advertisements Column 3
      311 31 IXPOKf 3 japan 2 Hongkong 1 Morale 1 Kooshwng, KWung (Aenptinfl KX to BKK/NAHA/S£NDAJ/CEWJ/ICH) flflMT Kit 1M1" IMI )M1- Imi I mi H mi H 5i nm d;m lui- imi- I mil mji iiji iiji iiji mji miyimt tut im nil- mil mil pji imi wj» &a om £251 TZ
      311 words
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      1147 32 rasa VOT MM rMM MT Utt SIM PCUM6 SM HIS UO TVO SM KOK MS MBoaamss has\ ayi? n/iF w/it 12/1 it/i W IsTTIi7T~W\ n/T mtm )V4si Mi «7ii vm h/i? ivi It/i nA iiwwcwanmssaW vRT »/ii ~w ~W~ n/T~ n7T ~T7T~ ~W H7T "m7T RMKRWOHts «v«H 30/17 a/i? I
      1,147 words
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      Page 32 Advertisements Column 2
      864 32 I NORASIA VESSEL VOY SM ALO LAS BCL VAL HAM BRE HOT ANT FEL LHA M. VM-UE 20*1 12*2 11*2 IMB 17*2 17*2 1M? IMB IM2 2MB 21*2 2" ss SS SS US SS 2S SS n 2* j? 0,1 iw MI M r« NORASIA SHAAJAH MM-3 14*2 Ml MJ
      864 words
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      Page 32 Advertisements Column 3
      25 32 For real-time stock information, call Quickstock on 1900-913-0003 at 30 cents a minute. Stock number are available in the stock pages of BT and ZB.
      25 words
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      Page 32 Advertisements Column 4
      578 32 JAPAN/HONGKONG/STRAfTS REGULAR SERVICE LOADING FOR PORT KLANQ/PENANQ vtssa vov t row pbupawc pm pew _j£A6aua*t__j «u> wn inar" imw UNI 3 I MPT «u» UMW N 22 JAW 24 JAW BALTIA J 24 JAW M JAW MAJU JAYA J 2S JAW 36 JAW CHUN KUAN 1» W JAW 61 FB
      578 words
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      756 33 F* STRAITS SHIPPING PTE LTD Iflgßf JJwd 1> Hm CkiM| KOMI *11-01 KtpHl T«m UMLimm sibmpo™ mn t>i: *****88 f«; *****17 straits sta* mm 17 Ma hj»« Mun im»t kmnmMi tmmwn mm »M* ajm Mum. km km lmm wa.ua. canMiMOßmamciwiTOMwwiiwA STRATTS STAfI VKOX HM* 3QM* Mmra AMM tOnaMa PWmvP VOY
      756 words
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      Page 33 Advertisements Column 2
      1623 33 KB&O Containers (Singapore Agencies) Pte Ltd First Class Connections WORLDWIDE Tel: 225 2233 /Mac' RS MSMPNOCSP7SI7 CR Number *****9 *****Z 'MPOWT man. wor rWTOTTi mu amt not nam not mm lxh LOUIS MAERSK 9602 ISAM 16/01 IMI 00/02 07/02 00/02 OCT NOT NAM BM SOU LD4 ALQ JB tm tM
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      Page 33 Advertisements Column 3
      360 33 OUTMOUNP HH FBI JON HP WO W B OBKIM mm hm immbm ivri ImT 1701 u-i*ti zmi 2401 2*ti 2101 m tvcz svn nO2 mnwww -FW "Sir"Hii "sstt J\M~ ~mm'~9BST TfM mmmh*2l2/mm6 2201 aw am 2*2701 mm W~nm~ ~um W ~mT Jim JmT mmviim -WLJULam D-vm «7« mm Mm li«W
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      Page 34 Advertisements Column 1
      1106 34 EUROPE/UK/SCANDINAVIA/FINLAND/RUSSIA SGP ROM ANW HBG TMP LMV LHV TMP ROM ANW HBG PKL SGP I E. RESULT MMM N/1 1/2 10/2 11/2 13/2 14/2 E. GROUP RE 047 10/12 20/11 21/12 22/12 2X12 10/1 17/1 E. ROYAL RW-024 27/1 1«/2 17/2 11/2 20/2 21/2 E. GATHER RE-004 24/12 M/ 12
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      Page 34 Advertisements Column 2
      821 34 VfSSII VOTAGt SCF DM AMI DMN UN KWT U1 I VTSifL VOYAGf Mil ami nan nu cea H ""J®** 2SSJ2 *2! Mm OSW I *****TM 04/01 07/01 N/01 01/01 71/01 I nun oa*4ww n/n mm mm \im 12/0? uwour o3«oo?/e 31/01 u/oi is/oi 14/01 77/01 I B ]Ateoaccgptng PCX to
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      Page 34 Advertisements Column 3
      645 34 gWCHFIELO MARME AOENOES (S) PTE LTD TEL: *****33 (12 LINES) FAX: *****18/*****03 TELEX: RS ***** RtSHIP (3 Uom) Cfl NO: **********0E tj® ETHIOPIAN SHIPPING UNES r (NrttaMlLkwtorEAiopte) ACCEPTING FCL AND CONVENTIONAL I Voy ETA Loading for Spor» I 42W8 21/02 OEXXJB ————i 'WWMWI Abyot 43M8 19*03 Mo^baM^qiboull B KIEN HUNG
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      Page 35 Advertisements Column 1
      402 35 PUB-DAY gp > mkctmunkto |i ■BS PUM-hbayil miYo*.»«ro -ffy f o#f#/ll4|Mfy. Ttl (Qtatril) *****9$ 11/li/Vlll/ff. Af tfgfT Dami C O J T AR m S> ]!f > P ING PTE LTD »SJswi!iuMi m c~*k»r *19*441*44 Cixwh-M MiW 0»» "ll*T»m!rt CM*: IVI7MMMM fZ"tt£it BnM»a»tm SH» tm7M fnWlMf «WI7« |/.,W?.im no**' r
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      Page 35 Advertisements Column 2
      510 35 HEUNG-A SHIPPING (KoreanFLAG) I CR NO: *****9500Q0 W or ham I nrm «l!{ lUffi I luffi Illffi 1 I l^>l iW* 1 1 1 l w U '—i y UimUmJ mmmm i I ¥i I iißmijui I rmiww wr n |an I» 1» |i laa I rot lac I I
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      Page 35 Advertisements Column 3
      394 35 I (j£. FAMOUS CONTAINER LINES 80 ROBINSON ROAD, #22-02 SINGAPORE *****8 HOT LINE: *****33 (30 LINES) TWICE WEEKLY w BUSAN V''" BHv *****33 MS SYLVIA KANG/ M °W^ MS LEONG L I P. KLANG PH: 0203/*****02 (10 LINES) PENANG PH: 0204/*****7 (10 LINES) J. BAHRU PH: 0207-*****22 1 EX PASIR
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      Page 35 Advertisements Column 4
      29 35 I REGULAR CONVENTIONAL I I TMBER AND PLYWOOO SERVICES I MwkbsN I MANSURNAVEI SAILED IMTI AMS/AOT/UK I |MBI9I ***** 10P2 AMB/AMT/UK ■N 2WM 0102 LEGHORN I I TfUESTE/MONFALCONE I
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      434 38 BKAPAL KRIS Shipping Pte Ltd 701DUXTON ROAD, S'PMi M 9529 777t t0!3M 77 O, NO. ,073.*****00 SYARIKAT PERKAPALAN KRIS SENDIRIAN BERHAD *****9 KOCK A GIOMAC MJSMBS CBdtf, 10 MUM SS 4/1, KHAMA JAYA, P.0.10X 4423 ***** KttUNG UXk, SQANGOU TH: *****77/78/79 MX: *****07 THEX: MA ***** I KUQfINOI WW I
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      Page 38 Advertisements Column 2
      203 38 SOUTHERN AFRICA SERVICE (FOtfST M,m) FROM: U.K./ CONTINENT/ MIDDLE EAST TO: FAR EAST DIRECT MONTHLY SAILINGS EUROPE SERVICE VBSa/VOT SM IAEI (Hfllllfffi HfItKIQHC tfflfflft Vissa II T6H SM PI MIS Ml CT TAW SKN KKU TMA HEDCAVI2O SID SU MPT OBIT FLOWB VIM SID SU> HI SU 23/11 19/11 IS/U
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      Page 38 Advertisements Column 3
      280 38 n tbjok ilargah road rb-oz airowi centre store mm TEL *****11 (6 linos) FAX: *****05 TLX: RS ***** CR HO. **********0W vena vov eu etb DEsnunoN KM Hftwi Hmm nLtHmmamm nmoa mm iMtM nmm saiMuw Num km amm amm pmok/potimm ummu am amm amm pwtvwm mmurw urn nmm tmm pilmlmmnumttx
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      Page 38 Advertisements Column 4
      62 38 Astro Shipping Pte Ltd WEEKLY CONSOLIDATION SERVICE 17/01,24/01 |BANGltoi(^^^^l^7!2Vo^^ TEI ??0 604S [10 LIMES) FAX 325-4080 SPEEPAUNES TH: *****83/ FAX. *****33 ano. i7Q(»y3OOOOW I Tele-Games Crack Safe Test your skill against our "Super Safe" Computer. Break the 4-digit Code within 10 tries. Or else, you'll be caught ...by our ever
      62 words
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      Page 39 Advertisements Column 1
      637 39 I BSAi MYANMA wBBk FIVE STAR LINE (Myssmor Notional Llaa) Loading lor Ysafos (Raafoas) VKSU VOT SM KG MM KM t PIAIKMVSUY 1W IN PT ■TOMAVWA IMW MPT 17/01 MALAYSIA AGOITS: MUSTIAO SMPPM6 AGQKXS RUL Ttt 02-03-*****00 PEL Til 12-03-37M101 TOt Ttt 02-04-2*1J402 POO; Til 02-07-*****21/4 M BANK LINE (A
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      Page 39 Advertisements Column 2
      1097 39 ADVANCE CONTAINER LINES (PTE) LTD ——API 140 C«c« #12-00, PIL Building, Slngapow *****0 —r*\ LbZ TEL: *****21, FAX *****19, TELEX RS ***** ACLPL CR NO. **********0E lANOKM JAKARTA iyfc g "ynmn ii An Awr> mn«o«/w—n VESsa. vov~ aw bq< aw v—t I vot f xj m< 222 -2^2l—s® —I*—2ZJSH sa_
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      Page 39 Advertisements Column 3
      826 39 K^vbi^HH **********02 [VESSELS I ygy sm "1 OAMgTTA LE HAVRE HAMBURG thamespqrt rqtteroam miwnp 1 VtLEOCVELA VI2W 19*01 3(VDI 07/Q2 06A12 VM£D6CAPaiA TI3W 2M)I 07/02 I*o2 IMB WtLLEDELBRA Ll3* 01/02 12AX2 20*12 21/02 |v*i£tyAQUtA |AI3W [o7A>2 Ift*o2 27/Q2 2&AQ2 01/03 0003 04TO ALSO ACCEPTING CARGO TO ALL U. K. DESTINATIONS.
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      Page 40 Advertisements Column 1
      988 40 I HiMß^^^^9BDQ^^^ni fl^S^^SßO I ETrFrrra il I vg c vqy «n jkt ivessel voy &<n pen ~^h 1-s== =3 1 WAHABHUM jjjj ~W»d 117/01 Sun I 21/01 BTAMFORO <707 "~Thu 16/01 81 20/qT tSRA BHUM ***** Frl 19/01 Son 21/01 AKA BHUM MM 81 20/01 Tw 23/01 BATHABHUM 91N Tim
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      Page 40 Advertisements Column 2
      629 40 79 ANSON ROAD, #21-01, SINGAPORE 0207 CR **********0N «twait« muTrti mwvic« POUT KLAWQ PENANO «na I w I m m vma I W I PB» SEA LAUREL 451N 1601 THJ 19*01 FW MCC VAHTAGE MO6 1601 THU 2001 SAT XOURTIWGGI ***** 1001 FRI 2001 SAT PACIFIC LADY ***** 2001 SAT
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      Page 40 Advertisements Column 3
      197 40 #00-00 NEHSONS BUILDING 24 PEEK SEAH STREET ■ookih<menouw^m GAPORE cSmo: i nnnoti innnnw TIL: 323 1133 FAX: 221 4003/M/M TU^WaiiWMOMWIHjF^^^ vssa vor aim sunt hsiwiioii mrm\ vh m m pun/nemms emi vh mi mi nmrn/am wmui VH mi Mi taam/rum SMPMKI VH m 19/91 MMMUMS SWftOU VH 23/01 Ml MItfMMMS
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      Page 41 Advertisements Column 1
      586 41 I Au SINO IXPRISS SHIPPING (PTI) LTD. M I 11 COLLYER QUAY 00-01 THE ARCADE BINOAPORE 0104. TEL: *****00 (4 LINES) FAX: *****08 TLX: R*****1 SINOEX SIWOTRANS SHAWQHAI (CONTAINER SERVICE) SIN/HKQ/BHAI SPORE HKQ SHAJ VESSEL VOY ETA ETP ETA ETD ETA ETD gWfSYINQ sizasis 0SA)1 06/01 11/01 12AM 15A>1 17/P1
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      Page 41 Advertisements Column 2
      479 41 a«MM ftQHTAWER LIMES, INC I Afents: MAC-NELS SPORE: *****22 (241WES) kuchlng: <002)*****3 M\y V*J mtmnmmmmm umy.fOM)*****9 mmo frnrioinwi 7 PENANQ:(O4)«4B3I BANGKOK: (462) *****87 SURABAYA: (31) *****0 FKRAttfefOqaMatry JKT; (21)*****07 MP* <61)«441M 8»«XJMQ.g2)*****6 ACCEPTING TO: CEBU US$45/m 3++ EX "INTRA BHUM" VOY. 24E ETA 20/1 SHANGHAI US$55/m 3++ EX "CHU TIAN"
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      Page 41 Advertisements Column 3
      63 41 For real-time stock information, call Quickstock on 1900-913-0003 at 30 cents a minute. Stock number are available in the stock pages BT and ZB. Tele-Games Crack the Safe Test your skill against our "Super Safe" Computer. Break the 4-digit Code within 10 tries. Or else, you'll be caught ...by our
      63 words
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      Page 41 Advertisements Column 4
      164 41 111 MFL SHIPPING (INTlfe SSSff PTE LTD SUBSIDIARY OF HAI SUN HUP GROUB FCU/LCL CONSOLIDATION SERVICES HOT UNES; *****42/345 f ACCEPTING CARGOES TO EUROPfIASI PORTS/ SYDNEY/MEUOURME also accepting kl to usa ports and ooss-aoßoasavia TO MEXKO AND CANADA VESSEL VOY ETA (SIN) LBXOES 017S 18/01 KOTAIWTAW 1NT133 21/01 VESSEI VOY
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      Page 42 Advertisements Column 1
      507 42 BUSINESSCENTRE ADVERTISING THAT DELIVERS YOUR BUSINESS FACTS > THROUGH THE FAX JUST CALL 74 0 600 0 Our Inmarsat-A service now .I> A Document Code covers the Indian Ocean Region. qqq j Sentosa LES Inmarsat-A service has now extended coverage to the Indian Ocean Region. Till 31 May 1996, you
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      Page 42 Advertisements Column 2
      358 42 Shipping Times TEAMWORK is when everyone Ay takes responsibility and diligently Document Coda worl < towards achieving the main A 0 0 2 goal. A quality which has been The Total Transportation People embraced by all at Visa Freight Transportation lllbbli these past ten vqots. Put your People i T=j^-,
      358 words
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  • Page 43 Miscellaneous
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      Page 43 Miscellaneous Column 1
      124 43 LEGENO: R Thunderstorm Temper otur. •<, X\ A Show«f Weotber _X Wind direction with speed in knots R Cloudy Sky Wov# h^ht W*»c« wind* or* indicated by arrows which Hy with the wind One f\Jk crcle represents calm or light and vanotoJ* winds One holf Heche represents 5 knots I——
      124 words
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