The Business Times, 25 January 1994

Total Pages: 50
1 50 The Business Times
  • 13 1 Business Times WE KNOW ASIA MITA(P) 010/12/93 Tuesday January 25 1994 75 c
    13 words
  • 2am LATEST
    • 47 1 AFP NEW YORK Wall Street's leading indicator fell after profit-taking and the slide of the Tokyo market, but came back to break into new territory in afternoon trading yesterday. The Dow stood at 3.929.95 points, up 15.47 points, at Ipm EST. AFP
      AFP  -  47 words
    • 80 1 Bloomberg Business News NEW YORK Merrill Lynch and Co. the United States' biggest securities firm, said fourth-quarter earnings advanced to USS347 million (*****.2 million) from USS22I million a year ago. For all of 1993. Merrill's earnings advanced to a record USSI.36 billion from U*****.8
      Bloomberg Business News  -  80 words
  • Article, Illustration
    112 1 Stock market indices Monday Change STII 2.318.27 +36.54 KLSE Composite ...1.064 55 +0.79 Nikkei 18.353.24 -954.19 Hang Seng 11.600.09 140.72 SET Index 1.461.59 +53.13 Jakarta Composite ...588.05 +2.28 CLSA China B 1.296.67 9.26 Aust AIIOrd 2.224.5 -25.8 FTSE 100 3.481.4 -2.8 \loadav Previous I pm closc Dow Jones
    112 words
  • 380 1  -  From Walton Morais in NEW DELHI SINGAPORE and India kicked off a "fruitful era" of economic tics yesterday with a slew of agreements on taxation, shipping and tourism. The pacts set in concrete what officials on both sides agree has been a true "meeting of
    380 words
  • 408 1  -  By Paul Leo, Leslie Lopez in KUALA LUMPUR THE Malaysian ringgit sank to a new low against the Singapore dollar yesterday following further measures announced over the weekend to stem offshore speculation in the ringgit. The currency ended at MS 1.7202
    Source: TeleTrac  -  408 words
  • 141 1  -  From Catherine Ong in HONGKONG THE Malaysian ringgit is "deeply undervalued" by about 50 per cent and is likely to stage a strong recovery by year-end. predicts American brokerage Morgan Stanley. The firm's Hongkongbased economist, Michael Taylor, expects that the ringgit could appreciate to
    141 words
  • 210 1 SINGAPORE Singaporeans withdrew a record $3.44 billion in CPF funds in the last quarter of 1993 for share investment much of it going to Telecom's offer in October. The market's bull run was another contributory factor for the surge in
    210 words
  • 295 1  -  By Sylvia Wong SINGAPORE Demand for private residential property last year lifted loan applications for Central Provident Fund finance to a record 14.092. This was an 18.8 per cent increase over 1992, when brisk buying resulted in 11.857 applications under the board's
    Source: CPF  -  295 words
  • 453 1  -  From Anthony Rowley in TOKYO TOKYO stock priccs plunged by nearly 5 per cent yesterday as investors dumped stocks in the wake of the Japanese government's defeat last Friday on the vital issue of political reform. And analysts predicted last night that the
    453 words
  • 281 1 SINGAPORE Foreign funds, particularly from Japan, helped Singapore stocks make a modest recovery yesterday, and the Straits Times Industrials Index rose 36.54 points to 2.318.27. Brokers said the funds found their way back to the Asean markets after the Tokyo bourse was
    281 words
  • Page 1 Advertisements
    • 218 1 sgmmk fresh EXTRA \k STRONG REFRESHING Soli AgMit Shriro (Singapore) Pto. Ltd. CONTENTS News 2 19.20.21 Regional News 3,4.5 Financial 23.24 florid News 7.8 Features Markets Analysis 17 Ctob/KISE. SES 2830 Editorial 16 Regional 26 Sports 9 World 27 TV/litestyle 13 Currencies 24 Property 14,15 Smw/Commo 24.25 Subscription Tel 1800
      218 words
    • 21 1 Property: Pg 14 Saigon cashes in on colonial legacy Sarawak state to take 55pc stake in Dun lop Estates Page 20
      21 words
    • 22 1 Hock Lock Sien>: pk 19 L J 2 5 jam What lies ahead in stocktirdking? EDITORIAL: Bank Negara's costly fight. Page 16
      22 words
    • 8 1 India clarifies rules for property investment, Back Pg
      8 words
    • 123 1 The Botfom Line: Pg is Mekong: river of opportunities EgT Investors should not treat stock markets as casinos Q S'pore Finance Minister Richard Hit KIMhH •See Page 19 Greed can create JL a fragile bubble economy Q t Malaysian DPM Anwar Ibrahim jjm See Page 3 BL. .^Jz9 BALLY x.
      123 words
    • 26 1 CHLOROPHYLL PEARLS C^p W so invigorating J you'll never miss lr~"' «=35" chewing .;S/ ,ra! auM Sola Agent: Shriro (Singapore) Pt«. Ltd. Full reports. Pages 26-30
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  • SINGAPORE NEWS
    • eye on the ECONOMY
      • 364 2  -  By Anna Teo BUSINESS liquidity remained strong in 1993, although there was a pick-up in the Central Provident Fund default rate in the last three months of the year. Figures released yesterday by the CPF Board show that on average. 1.3 per cent of employers, or
        Source: CPF Board  -  364 words
    • 163 2 CATERPILLAR Far East in Singapore has won contracts worth USS6O million (5596.6 million) to supply generators for three power barges in the Philippines. The orders from Van Dcr Horst Ltd and Far East Lcvingston Shipbuilding Ltd arc for 39 generators. Late last
      163 words
    • 369 2  -  By Sylvia Wong THE government will hold a second auction of state property around March, when it will sell about 20 plots of land for residential development in Kew Drive, off Upper East Coast Road. Property sources say the
      369 words
    • 264 2 THE Telecommunication Authority of Singapore plans to allow more suppliers of videoconferencing facilities to operate here. The authority plans a study of the video-conferencing market, aimed at stimulating competition so prices will fall and more people will use such services. There arc
      264 words
    • 273 2  -  By Teh Hooi Ling ASEAN women leaders were challenged last night to lead the way in being more understanding of the needs of their female workers. Throwing down the gauntlet at the Ist Asean Women Leaders* Forum was
      273 words
  • Page 2 Advertisements
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  • THE REGION
    • 474 3 Reuter, Bernama KUALA LUMPUR Greed and ineptness may create bubble economies in Asia and abort the region's rapid economic growth, Malaysia's Deputy Prime Minister Anwar Ibrahim warned yesterday. In a keynote address at the International Symposium on Asia in the 21st Century, organised
      Reuter,; Bernama  -  474 words
    • 369 3 Reuter JAKARTA President Suharto told visiting Malaysian Minister Rafidah Aziz yesterday that Indonesia did not support turning the Asia Pacific Economic Cooperation (Apec) forum into a formal and structured organisation. According to the Jakarta Post, Mr Suharto told Ms Rafidah, Malaysia's Minister
      Reuter  -  369 words
    • 364 3 Reuter JAKARTA The US human rights group Asia Watch, catalyst for Washington's assault on Indonesia's labour record, yesterday said that Jakarta still fell far short in its treatment of workers despite recent reforms. The Clinton administration is three weeks away
      Reuter  -  364 words
    • 427 3  -  From Al Labita in MANILA PRESIDENT Fidel Ramos yesterday ordered the Philippine embassy in Switzerland to check reports that the late strongman Ferdinand Marcos had hoarded gold at a Zurich airport warehouse. "We would like to find out the truth about this
      427 words
    • 284 3 AP PHNOM PENH Cambodia's First Premier has urged merchants to stop demonstrating against a Hongkong-based company for fear they will scare off much-needed foreign investors. Prince Norodom Ranariddh, speaking on government television on Sunday, appeared to be taking the side of the
      AP  -  284 words
    • 244 3 AFP MANILA Philippine Transportation and Communication Under-secretary Josefina Lichauco told journalists yesterday that the country's first-ever satellite project would be under the government's build-oper-ate-transfer (BOT) scheme. Under the BOT system, private consortiums totally finance and oversee the construction of a project
      AFP  -  244 words
    • 297 3 AFP MANILA The state-owned Philippine National Oil Co (PNOC) plans to go ahead whh the establishment of a petrochemical complex near here and expects the construction of a downstream unit by the end of the year. The presidential palace yesterday said
      AFP  -  297 words
    • 240 3 AFP HANOI A conference of Vietnam's ruling communist party, which started last week, has revealed divisions among its delegates on the country's economic reforms. The party daily Shan Dan yesterday reported that most of the 647 delegates expressed their support for the results
      AFP  -  240 words
    • 483 4 AP, Reuter HONGKONG Chinas "economic czar" Zhu Rongji said yesterday the threepronged reforms designed to transform a socialist centrallyplanned economy into a pub-licly-owned market economy had encountered no major problems so far. In a two-hour interview with the US magazine Business Week, Mr Zhu
      AP,; Reuter  -  483 words
    • 578 4 Smuggling business gives contraband 14pc market share NYT PARIS Perhaps only in Tai.pei would Western tobacco salesmen battling a local monopoly urge the government to allow even more competitors into their small and static share of the market. But foreign cigarette
      NYT  -  578 words
    • 335 4 AFP TAIPEI Taiwan's multi-bil-lion US dollar arms purchase scandal has escalated as an arrested arms dealer confessed that he had bribed a former vice commander-in-chief of the navy, prosecutors said yesterday. The arrested. Cheng Chengkuang. an agent for Italy's state-owned Fincantieri shipyard, admitted that he
      AFP  -  335 words
    • 414 4 Reuter, AFP LONDON Hongkong Governor Chris Patten yesterday defended his plan to beef up democratic mechanisms in the British colony ahead of a meeting with Prime Minister John Major and his Cabinet. "When (the first stage of reforms are) out of the way, we
      Reuter,; AFP  -  414 words
    • ASIA NOTES
      • 70 4 AFP TOKYO Some 740 Japanese companies listed on the Tokyo stock market cut their work forces by 88.423 last year to tide over the business slump, a credit research institute said yesterday. A survey by Tokyo Shoko Research Co found that 738 of the
        AFP  -  70 words
      • 39 4 Reuter PAGSANJAN. Philippines Imee. a mother of two cubs, is sedated by Filipino veterinarians to case her transfer to a Manila zoo. Fifteen abandoned Siberian tigers were moved from this southern Luzon town yesterday. Reuter
        Reuter  -  39 words
      • 51 4 Bernama KUALA LUMPUR More than 50 per cent of respondents from among Japanese companies operating in the Asean region have welcomed the formation of the Asean Free Trade Area because of its positive benefits, a survey by Japan External External Trade Organisation revealed yesterday.
        Bernama  -  51 words
      • 49 4 Reuter MANILA The Philippines will build a 31 billion peso (551.78 billion) highway to link Manila to an industrial zone and free port, a senior official said. The road will link former US military bases Subic Bav and Clark airbase to Manila. Reuter
        Reuter  -  49 words
    • 187 4 Reuter TAIPEI Four foreign groups have submitted bids to supply Taiwan's first satellite, scheduled to be launched at the end of 1997. The government's National Science Council yesterday said that the bidders were TRW lnc and Space Systems/Loral of the US,
      Reuter  -  187 words
    • 549 4 AFP HONGKONG The days of slapping a few subtitles on some warmed-over American television series and calling it Asian programming arc over. Television programmers from around the world who descended on Asia's burgeoning market hoping to make big profits are realising
      AFP  -  549 words
    • 191 4 Reuter TAIPEI Taiwan-China trade through Hongkong rose strongly in the first 10 months of 1993 but growth showed signs of slowing because of recent measures by China to restrict imports, the Board of Foreign Trade said yesterday. Two-way trade totalled US$7.l6 billion
      Reuter  -  191 words
    • 510 5 Reuter TOKYO For the first time in IS years, Japan is likely to make fewer cars in 1994 than the United States because of falling exports and slow domestic demand, a senior analyst said here yesterday. Hiroshi Suemasa, of the Nankaku
      Reuter  -  510 words
    • 376 5 Reuter SEOUL A relative of former South Korean president Chun Doo Hwan was arrested yesterday on charges of massive fraud while on parole from conviction in the largest financial scam in the nation's history, state prosecutors said. Cluing Yong Ja, SO, a
      Reuter  -  376 words
    • 462 5 Reuter PUSAN, South Korea Shoe-makers in Pusan, hub of South Korea's once-booming footwear industry, fear their days are numbered. With wage costs soaring and fierce challenges from overseas competitors, production and employment levels in the multi-billion dollar industry have plummeted dramatically since 1990. "During
      Reuter  -  462 words
    • 361 5 Reuter SEOUL South Korea asked the United States yesterday to muster Chinese aid in persuading the communist North to accept inspections of its suspected nuclear facilities. In a meeting between South Korea's Foreign Minister Han Sung Joo and Deputy US Secretary of
      Reuter  -  361 words
    • 162 5 AP SEOUL South Korea is negotiating with Thailand the sale of an unspecified number of F-5 Phantom fighter jets. A Defence Ministry spokesman yesterday confirmed reports by local newspapers concerning the planned sale but declined to disclose details, including the number of
      AP  -  162 words
  • Page 3 Advertisements
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  • Page 4 Advertisements
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  • Page 5 Advertisements
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  • Page 6 Advertisements
    • 236 6 Introducing the first Regional China Fund. Because there's one word on the minds of over one billion people. That word, of course, is wealth. But it's not unique experienced and recognised fund managers in Asia-Pacific to the people of China. In fact, anyone with as little as today and available
      236 words

  • THE WORLD
    • 560 7 Reuter TOKYO The International Monetary Fund looks unlikely to release a promised US$l.5 billion (552.4 billion) credit to Russia any time soon as the country seems set to backtrack on its economic reforms, a senior United States Treasury Department official said
      Reuter  -  560 words
    • 44 7 Reuter NOYELLES GODAULT, France Firemen attending to workers barnt ap to 98 per cent at a blast ia the Northern France zinc refinery Metalenrop yesterday. A similar accident last Jaly killed 10 workers ia the same industrial complex. Renter
      Reuter  -  44 words
    • 361 7 Reuter VIENNA Austrian President Thomas KJestil, battling a love-affair scandal, called advisers to crisis talks yesterday amid pressure to ditch his mistress or resign. Mr Klestil's wife Edith said at the weekend she had left her husband of 37 years because she
      Reuter  -  361 words
    • 330 7 Reuter LONDON British tabloid newspaper publisher Mirror Group announced a plan yesterday to rescue ailing broadsheet The Independent, whose initial success in the late 1980s has been tarnished recently by falling circulation. Mirror has joined forces with existing major shareholders of The
      Reuter  -  330 words
    • WORLD WATCH
      • 81 7 Bloomberg Business News LONDON China and Russia emerged as centres for international takeover activity with some US$22 billion (5535.2 billion) being invested there in the past year, the Financial Times reported, citing accountants KPMG Peat Marwick. In China, the value of partial acquisitions and joint
        Bloomberg Business News  -  81 words
      • 92 7 Reuter LONDON The average salary increase for Britain's executives was 4.6 per cent over the six month period ending Dec 31, 1993 said a report by consultants Sedgwick Noble Lowndes. This is way above the level of inflation, currently running at a year-on-year 1.9
        Reuter  -  92 words
      • 96 7 Reuter LONDON Orders and output over the past four months have risen at the strongest rate for nearly five years, the latest quarterly industrial trends survey by the Confederation of British Industry (CBI) showed. Business confidence has increased for the fifth quarter in
        Reuter  -  96 words
      • 110 7 WASHINGTON Deputy Defence Secretary William Perry has told the White House he will accept the job of defence secretary if President Bill Clinton asks him to replace outgoing secretary Les Aspin, a senior Administration official said yesterday. "He would take the job if offered,"
        110 words
    • 400 7 Reuter BOMBAY Industry in Western Europe is becoming increasingly uncompetitive because of high labour costs and there is little prospect that a recovery from recession will create new jobs, the chairman of one of Europe's largest companies said yesterday. In a speech
      Reuter  -  400 words
    • 485 7 Reuter MOSCOW Foreign companies in Russia, sifting through the debris of weeks of political instability, dislike what they see and some are getting cold feet about investing. One of their major concerns is the inhospitable tax climate, which could keep some major projects in
      Reuter  -  485 words
    • 579 8 Deal makes patents valid for 20 years after invention NYT TOKYO The United States has agreed to change its patent law to prevent patent holders from seeking royalties long after they first made their inventions. In an agreement with Japan that was signed,
      NYT  -  579 words
    • 228 8 AFP GENEVA Hundreds of political and business figures are to meet in Davos, Switzerland, on Thursday for the annual World Economic Forum to discuss problems including unemployment and economic stagnation. About 60 international leaders will gather in the northeastern Swiss resort, near
      AFP  -  228 words
    • 60 8 AFP KABUL A Red Cross crew member (right) supervising the unloading of about 12 tonnes of flour on Friday, which were delivered to civilians trapped in the Old Microrayan housing estate where Afghan families had been cut off from the rest of Kabul
      AFP  -  60 words
    • 376 8 NYT WASHINGTON In his State of the Union Message today, US President Bill Clinton will try to defuse criticism of his health care plan and make a new bid for middle-class support by emphasising themes like the need for more
      NYT  -  376 words
    • 393 8 NYT WASHINGTON The stakes are high in the first patent- j infringement case against the Microsoft Corp ever to reach < trial. < Last week. Federal District > Judge Edward Rafeedie impanelled a jury in the patent dis- < pute between Stac
      NYT  -  393 words
    • 746 8 G-7 nations in recent years have focused on their own domestic economic problems first FT LONDON A year ago. Lloyd Bentsen. freshly installed as US Treasury Secretary, was champing at the bit to breathe new life into the Group of Seven countries, comprising
      FT  -  746 words
  • Page 7 Advertisements
    • 180 7 WE'VE BROUGHT BACK ONE OF THE TASTIEST MEN EVER TO SET FOOT INSIDE THE HILTON. The restaurant that specialises ia the art of being unique. yfiw Dashing Michel Berring, chef/ w j owner of the legendary LePatind'Or IM r H 111 I in Luxembourg, returns for an imarket*ta encore performance
      180 words

  • Page 8 Advertisements
    • 1171 8 "P w w (Incorporated in the Republic of Singapore) ANNOUNCEMENT The Board of Directors of ASEAN Fund Limited wishes to make the following announcement: AUDITED RESULTS FOR THE YEAR ENDED 31 OCTOBER 1993 110*91 31 Oct 92 mm mm n*i I. Investment and Other Income 30.774 isflf *101.20 Dividend! and
      1,171 words

  • SPORTS
    • 670 9 Australian Open AP MELBOURNE MaliVai Washington outlasted Mats Wilander in a five-set marathon last night, ending the veteran Swede's fairy-tale run at the Australian Open. The American dominated the final set after the two had traded stroke for stroke, error for error. The
      AP  -  670 words
    • 420 9 Reuter MELBOURNE Two contrasting figures, both culturally and physically, will try to overhaul the established order in women's tennis at the Australian Open today. American teenager Lindsay Davenport and Japan's Kimiko Date are the newcomers chasing a semifinal berth at this
      Reuter  -  420 words
    • 425 9 Golf AFP AGADIR, Morocco Anders Forsbrand won the Moroccan Open here on Sunday as Swedish golf again showed superb form on the European Tour. Forsbrand took his seventh title by four strokes from England's Howard Clark with a closing round of 69
      AFP  -  425 words
    • 960 9 Super Bowl play-off NYT IRVING, Texas About the only bad news for the Dallas Cowboys came when the knee of a San Francisco defensive end. Dennis Brown, smacked quarterback Troy Aikman in the head in the third quarter. Aikman had to leave the game
      NYT; Reuter  -  960 words
    • SPORT SHORTS
      • Article, Illustration
        15 9 AP NEW YORK NBA Sunday: NY 92 Philadelphia 99; Miami 113 Washington 80. AP
        AP  -  15 words
      • Article, Illustration
        409 9 AP AFP AFP Reuter TUCSON, Arizona Andrew Magee's errorless five-under-par 67 final round gave the American his first US PGA Tour victory since 1991 on Sunday, holding off the field by two strokes to win the Northern Telecom Open. Magee, 31. in his 10th season, earned his fourth career
        AP; AFP; Reuter  -  409 words
      • Article, Illustration
        53 9 AFP MELBOURNE Australian Open yesterday Men's singles 4th rd: Thomas Muster (Aus) b Alexander Volkov (RuS) 6-3 6-3 6-2; Stefan Edberg (Swe) b Lars Jonsson (Swe) 6-4. 6-4. 6-4; Malivai Washington (US) b Mats Wilander (Swe) 6-7, 6-2. 6-7. 6-4. 6-1; Todd Martin (US) bt Xavier Daufresne (Bel) 6-7.
        AFP  -  53 words
    • 781 9  -  Dave Anderson recalls the day when Dave Anderson NYT NEW YORK Just after throwing the pass, Joe Montana was triple-teamed by the Bills' pass-rushers caught from behind by Phil Hansen, pounded from his left by Bruce Smith, crushed from his right by Jeff Wright. As
      NYT  -  781 words
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  • Page 10 Advertisements
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      154 words

  • Page 11 Advertisements
    • 140 11 mous. But the old Bugis pales in entertainment experience with food courts, sidewalk glass-covered development will be the 5-star Inter-Continental Hotel and an i new Bugis Junction. Simply witness cafes, restaurants, bazaars and boutiques adding to the BHBBbH exclusive office tower. Both reflecting prestige and luxury. There's direct first ever
      140 words

  • Page 12 Advertisements
    • 294 12 ggjfl Nothing BeatsAßucL HlHffiiil to wine, dine aw entertain Or I Princess Terrace introduces Penang Supper, aJfii the popular Penang lunch, dinner and high tea. y K With some 19 items available from the menu Jj ■k surely there's something for everyone. From a fM 81. bowl of congee to
      294 words
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    • 275 12 Our Bird's Nest will please your palate as well as your pocket We've just added Birds Nest delicacies to our menu at really Whether ifs a Bird's Nest main dish gPBr IWT "w or dessert you won't be disappointed. I In fact, you'll be equally happy with the prices, f
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      287 words

  • LIFESTYLE
    • 454 13 CHATTERBOX WHAT motion picture academy officials have feared for months has come to pass. Comedian Billy Crystal is bowing out as host of the Oscars ceremonies after four years, leaving the academy with the task of finding someone to take his place
      454 words
    • 656 13  -  Harish Mehta reviews Gaslight, an English play put up by Bombay's Prithvi Players Harish Mehta SOME English plays produced by Bombay's top theatre groups are considered as good as their Broadway and West End counterparts, some surprisingly better. Last week's production of Gaslight,
      656 words
    • 509 13  -  Playwright John Clifford focuses on India's poor in Light in the Village. Claire Leow previews Claire Leow INDIA is a hotbed of contrasts and conflicts and both have a way of nurturing creative work. Like many before him, playwright John Clifford of Scotland has
      509 words
  • Page 13 Advertisements
    • 189 13 lAmstSE R£SWLKANT SUSHI TEPPANYAKI BUFFET THE GINGA Feast on exotic Sushi and Maki creations KS while our chefs whip P|¥ v up a sizzling teppanyaki all treat Scallops, Jr\> II Prawns, Chicken, Beef sj and Mushrooms. Xx N. Inclusive of fresh Salad Greens. Miso Soup and Desserts. Available for lunch
      189 words
  • Page 13 Miscellaneous
    • 1363 13 TV RADIO f ttj saga about the queen «A 9 of the Nile. Elizabeth Taylor 9 (Queen Cleo) marries Rex Har- iO ff U .9 rison (Caesar), then moves on |JT iB 'II tony). Lots of spectacle that j J 1' can put most travelogues to /"v K shame and
      1,363 words

  • PROPERTY & CONSTRUCTION
    • 915 14  -  Harish Mehta reports on the expansion plans of a major Vietnamese hotel operator Harish Mehta THE head of Vietnam's biggest hotel operator, Duong Van Day, enjoys telling the story of how he thwarted a plan by over-zealous officials to demolish the 114-year-old Continental
      915 words
    • 295 14 JonesLang Sstodsd market transactions in to past week 1—H n— i *yjr iw I *y mikit Jan 17,1994 0409 Haitoour View Tower Apt 1615 FH 830,000 S14~ Jan 22.1994 0612 FdberHiCoodo Mais 1850 FH 668,000 361 Jan 18,1994 J 0922 Seabed Tower Apt 3000 FH 1,280,000 427 Jan
      295 words
    • REGIONAL SKYLINE
      • 98 14 The Australian Financial Review SYDNEY In a development touted as the largest Sino-Austra-lian joint venture, Goldspear Australia Pty Ltd signed a contract with the Heping district of Tianjin city to invest 850 million yuan in renovating two areas in the old part of the city.
        The Australian Financial Review  -  98 words
      • 64 14 The Nation BANGKOK The group working on the long-awaited Bangkok Metropolitan Administration skytrain project estimated that the development of the skytrain depot at the Mor Chit site would require an investment of 3 billion baht (SSIBB million). The money would go towards the
        The Nation  -  64 words
      • 64 14 The Nation BANGKOK The Highway Department is seeking private sector investment in a five-kilometre extension of the Don Muang-Din Daeng tollway from the domestic terminal of Don Muang airport to the Air Force headquarters. The extension is to alleviate congestion between the terminal and northern
        The Nation  -  64 words
      • 78 14 The Australian Financial Review SYDNEY Monarch Pacific Pty Ltd, a Malaysian group with extensive Australian property interests, has taken a controlling stake in Australia's only listed real estate agency, Collings Ltd. in line with its plans to expand in the Asia-Pacific. In the pipeline
        The Australian Financial Review  -  78 words
      • 73 14 HONGKONG The Hutchison Whampoa group announced on Saturday that it was buying out its USSI2S-million (SS2OO million) management contract with the Hilton Group, says the Sunday Morning Post. Analysts in the financial community speculate that Hutchison will demolish the building to make way
        73 words
    • 232 15  -  By Joycelyn Shu JOO SENG Warehouse a Hong Leong Group project proved a hit when 80 per cent of its units were snapped up at its launch on Saturday. The eight-storey building in Aljunied/Macpherson was marketed on its accessibility, proximity to other
      232 words
    • 1000 15 Far-fetched? HKR provided HK with some leisurely life on Discovery Bay Hongkong property developer HKR International Limited wants to bring the good life to Shanghai. The crumbling infrastructure and congestion of China's most populated city would make that seem far-fctchcd, but HKR is the
      1,000 words
    • 785 15  -  Despite a move into low-cost housing by competitors, the Thai developer is convinced demand is still high for quality units, writes Alan Boyd in Bangkok Alan Boyd Developer Somprasong will invest another 771 million baht (5548.7 million) in eight projects in the Thai capital of
      785 words
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    • 348 14 The SO Centre Public Seminars Gain the competitive advantage through effective and tested service strategies in three specially designed, practical seminars for senior managers and executives. I MANAGING IN A CHANGING WORLD: As both Asia and the world face unprecedented turbulence in their markets, it is imperative that the successful
      348 words
    • 14 14 Be part of the good life. Lifestyle. Everyday. SINGAPORE f 1 Business Times ■vontAii
      14 words
    • 58 14 BUSINESS TIMES TOLL-FREE TEL. No. 1-800-741-1883 FAX: 741-1298 We are proud to be appointed Exclusive Sales Agent for NORTH OCEAN CONTAINER CO. LTD for Southeast Asia. We also have manning crews for employment. Please contact: Atick Chia <D<s!> Siang Moh Cold Storage (Pte) Ltd 374/476 Tanjong Katong Road S'pore 1543
      58 words

  • Page 15 Advertisements
    • 50 15 I Far East Sole Agent: South-East Asia Agent: Available in Department Stores and Shoe shops YUEN CHEONG SHOE CO., LTD. YAT WANG PTE. LTD. in China, Hong Kong, Indonesia. Macau, Malaysia, "W: (852) 562 0221 Fax: (852)565 8269,880 5404 Tel: (65) 294 5021 Fax: (65) 298 5275 Singapore. Taiwan Thailand.
      50 words
    • 102 15 gnaaiaj •aifSkk .-a—. 2 if Equatorial Hill Resort is one of the few FREEHOLD developments at Cameron Highlands for enquiries: ga August and sjn Bhd 240 Units Fully Furnished Tudor w Subsidiary of LKN Development Pte Ltd) Style Apartments No 30 Prinsep Street #11-00 LKN-Prinsep House Singapore 0718 Two-Year Term
      102 words

  • 558 16 IOVTOtttAL THE Malaysian central bank. Bank Negara, has had a pretty rough 1994 so far. And things may get rougher yet. When the ringgit fell sharply at the end of last year, speculators who were still bent on betting on the currency picked up windfall profits
    558 words
  • WHAT THE OTHERS SAY
    • 224 16 WHEN ELECTIONS were held in Pakistan last October, the expectation was that the country would, at long last, achieve stability and begin devoting itself fully to economic reform and growth. The family feud that erupted recently between Ms Benazir Bhutto and her mother, Begum Nusrat
      224 words
    • 150 16 THE Prime Minister's visit to India signals the beginning of a new chapter in bilateral relations between the two countries. Except for differences in dealing with the Cambodian issue in the past, the relationship between India and Singapore has always been good. Now that the Cambodian issue
      150 words
    • 203 16 PRESIDENT Bill Clinton has completed his first year in office. In a self-assessment, he appeared enormously proud of his performance. An opinion poll also showed that 54 per cent of Americans thought he did well, a rating commendable by US standards. The test that Mr Clinton will
      203 words
    • 148 16 THE SURPRISE DEFEAT of Japanese Prime Minister Morihiro Hosokawa at the hands of his coalition partners bodes ill for political reform. Mr Hosokawa faces the prospect of a humiliating climb-down to reach a compromise with the Liberal Democratic Party (LDP), whose corruption he was elected to
      148 words
    • 147 16 FOR Morihiro Hosokawa, the hard bump of being brought down to earth last Friday was not solely due to the novice's lack of preparation. Very few thought that the unity of the coalition's purpose to break the money-greased pork-barrelling closed shop of LOP political hegemony could
      147 words
    • 125 16 Time to fight and hard PRIMARY Industries Minister Lim Keng Yaik says he will begin his main assault on the West in March when he drops what he refers to as the "hydrogen bomb," referring to the hydrogenation process for other oils which has a damaging effect on health for
      125 words
  • 751 16 Financial Times said in an editorial yesterday that Morihiro Hosokawa must urgently overcome last Friday's defeat of his electoral reform proposals FT WHEN Morihiro Hosokawa became Japan's Prime Minister last summer, ending 38 years of unbroken rule by the Liberal
    FT  -  751 words
  • Page 16 Advertisements
    • 55 16 I CENTRE OF ATTRACTION ■&»£/1 ImMW r 4 7TA Attract customers and tourists who are vital to your business. Reach them through City Weekly. Call Marvin Chin on 740 2065 or Daniel Heng on 740 1608 to find out more about target marketing. oh»y City chic. Audience-centred Distributed every Friday
      55 words
  • Page 16 Miscellaneous
    • 67 16 (Age I.kt tKinrcnP-ruift mKC f\ LIST OF OrfeßyONC cwl't rT... \1 CFVi-S FoR ft IUORPUGM I I lH TVfe Ftfcm WITH f\ ufaou) PU- OF f\ suDoeu ue/Re \wvesriGPffoN.... 7 VBQX DesfleswreJUY short OF V fqg<s PHD DOONESBURY GARRY TRUDEAU I rrsmi. cunjonpalanpco- mown a yeAß.THasums OMN The OVER CF
      67 words

  • ANALYSIS
    • 1701 17  -  Leon Hadar examines the issues as the Clinton Administration decides what traffic rules to set up for the Information Superhighway Leon Hadar The writer is BT's Washington Correspondent THE interstate highway system that the US Federal Government built a generation ago
      1,701 words
    • 1478 17  -  John Markoff finds enormous resistance to the plan to have US government and civilian computer users employ a standard approach to scrambling John Markoff NYT THE National Security Agency (NSA), the American agency responsible for electronic surveillance of global communications, has
      NYT  -  1,478 words

  • 560 18 Bloomberg Business News, Reuter, The Straits Times TOKYO Prime Minister Morihiro Hosokawa and his ruling coalition, scrambling to salvage their political reform bills, yesterday threatened to call a new vote in Japan's Parliament if the opposition balked at compromise. Mr Hosokawa,
    Bloomberg Business News,; Reuter,; The Straits Times  -  560 words
  • 367 18  -  PM Goh's visit to India Reports by Walton Morais in NEW DELHI INDIA'S officials yesterday clarified that foreign investment in property development would be restricted to companies whith were at least 60 per cent owned by non-res-ident Indians (NRIs) or foreigners
    Reuter  -  367 words
  • 248 18 INDIA'S largest industry grouping has pickcd Singapore over Bangkok to be its launching pad for a thrust into East Asia. The Confederation of Indian Industry (CII), which represents more than 3,000 Indian corporations from listed engineering giants to small and me-dium-sized
    248 words
  • 253 18 AFP LONDON Dame Barbara Cartland, the novelist known for her vast output of romantic fiction, claims to be the inspiration for Prime Minister John Major's troubled plans for a return to traditional values. The 92-year-old writer claimed that she inspired
    AFP  -  253 words
  • 427 18 Reuter SEATTLE. Washington Boeing Co yesterday reported lower profits for the fourth quarter and all of 1993, and said it saw no turnaround in declining aircraft sales until the middle of next year, when its new 777 model would get
    Reuter  -  427 words
  • 355 18 AP AFP Reuter LOS ANGELES The Clinton administration will ask Congress for at least US$4 billion (556.4 billion) in earthquake relief and officials say the figure could go much higher. The Los Angeles Times yesterday reported that White House aides had
    AP; AFP; Reuter  -  355 words
  • 988 18  -  The Bottom Line HARISH MEHTA HARISH MEHTA The writer is a BT correspondent specialising in Indochinese affairs THERE IS a common thread running through the economies of Indochina the mighty Mekong river. It is this commonality among the Indochincse states Laos. Cambodia and Vietnam
    988 words
  • 372 18 AP NEW YORK Nynex Corp yesterday said it lost US$l.24 billion (551.98 billion) in the fourth quarter after taking a huge charge for a restructuring of its phone operations that would result in the elimination of 16.800 jobs by end-1996. The
    AP  -  372 words
  • Page 18 Advertisements

  • COMPANIES & MARKETS
    • Article, Illustration
      294 19 Source: Bridge Info PavfH-MMM «f STM's hrfn stacks Jan 24 Last Sun lain Stack sale Oat factor awnn <S) w *vimo 2 2 30 0 020 1.41 0 «0 CAC 8.200 0.300 5.19 12.05 CWT 3.140 IW C'crebos 7 400 0.100 4.68 4.02 FAN 17 500 0 800 IIM
      Source: Bridge Info  -  294 words
    • 607 19  -  Corporate governance conference Reports by Shiv Taneja SINGAPORE Investors should not treat the stock market like a casino. Finance Minister Richard Hu said yesterday at a one-day conference on corporate governance at the Westin Hotel. Rather than buying and
      607 words
    • 431 19  -  By Quak Hiang Whai SINGAPORE The Straits Times Industrials Index will reach 2,600 this year, says Yamaichi Securities. The Japanese broking house believes the Singapore market will continue to be supported by its solid economic fundamentals, which will produce a GDP growth
      431 words
    • 871 19  -  HOCK LOCK SIEW By Joyce Quek SINGAPORE Events since the first listing of a stockbroker in 1990 reveal the changing face of the local stock market and provide clues to what lies ahead. The first, Kim Eng Securities, was followed
      871 words
    • 353 19 SINGAPORE The Stock Exchange of Singapore (SES) can play a vital role in helping to raise the standard of corporate governance in listed companies as well as promoting the companies' accountability to their shareholders. Finance Minister Richard Hu said yesterday. Dr
      353 words
    • COMPANIES
      • COMPANY BRIEFS
        • 76 20 SINGAPORE Japan's third-largest supermarket chain operator, Seiyu Ltd, said yesterday that it has formed a joint venture with Hongkong department store operator. Wing On International, to operate a retail outlet at Bugis Junction, a retail, office and "hotel project at Victoria Street. The
          76 words
        • 47 20 JAKARTA Publicly-listed multi-finance company, PT Bunas Finance Indonesia, will issue rights shares next month with an estimated value of 33.5 billion rupiah (5525.1 million) which will help double its current equity, The Jakarta Post newspaper reported yesterday, quoting a company executive.
          47 words
        • 51 20 SINGAPORE Resources Development Corp has incorporated a wholly-owned subsidiary, RDC (Vietnam), with authorised share capital of SI million and paid-up capital of $2. The company is an investment holdings company. Its directors are RDC general manager Tan Kim Hor and RDC Land general manager Heng Gee
          51 words
        • 87 20 SINGAPORE The Stock Exchange of Singapore has asked Goldtron to give more details on its acquisition of Australian company, Formulab International. Goldtron has to explain how it arrived at the cash figure for the purchase and how this will be met. The SES also wants to
          87 words
        • 39 20 Sun Corp has incorporated a company in Liberia called Serena Sky Shipping, to carry out shipping, ship owning and shipping-related activities. Serena Sky has authorised capital of US$5OO (SS800) and paid-up capital of US$l.
          39 words
        • 35 20 SINGAPORE The nominees of the Bank of East Asia sold 1.9 million Amcol shares on Jan 18 for $8.25 million. The nominees still own 0.275 per cent of the group.
          35 words
        • 80 20 Reuter JAKARTA Indonesian wood processor PT Sumalindo Lestari Jaya plans to float 25 million shares or 20 per cent of its paid-up capital. The move is expected to raise about 200 billion rupiah (S$ 150 million), to be used for setting up a fibre-board
          Reuter  -  80 words
        • 71 20 Ganda plans to buy Pacific Orient Bernama KUALA LUMPUR Ganda Holdings intends to acquire the entire equity of Pacific Orient Insurance Co for Ms3so million (SS2O3 million). It also plans a special bumiputra issue of 38 million new ordinary shares of Msl each priced at Ms 2 per share. Ganda
          Bernama  -  71 words
        • 56 20 Bernama KUALA LUMPUR Gopeng says its wholly-owned subsidiary GB Construction has been awarded a M 567.67 million (5539.3 million) contract for earthworks at the new international airport at Sepang, near here. The contract, awarded by KL International Airport, is expected to be fulfilled within
          Bernama  -  56 words
      • 209 20 Bernama KUALA LUMPUR Response to Hicom Holdings Bhd's public offer of shares has been so good that MIDF Consultancy and Corporate Services (MIDFCCS), the handling agency, ran out of application forms for the second day running. Touts were having a field day selling
        Bernama  -  209 words
      • 235 20 Reuter SYDNEY Metal recycling group Simsmetal Ltd said yesterday that it is participating in a joint venture in Thailand with two other companies to produce extruded copper bus bars for the Asian market. Simsmetal said it and Australian metal fabricator G E Crane
        Reuter  -  235 words
      • 439 20  -  From Leslie Lopez in KUALA LUMPUR SARAWAK and cash-rich Dunlop Estates Bhd yesterday formalised an agreement under which the East Malaysian state will gain a 55 per cent stake in Dunlop and have it renamed Sarawak Enterprise Bhd. Dunlop will in
        439 words
      • 210 20 SINGAPORE Liang Court yesterday announced its first foray into the London property market a joint purchase of three blocks of Victorian terrace houses in the ofpnrket South Kensington distaff. The £38 million (Ss9l million) investment is a venture with Stanley Quek Liang Court's
        210 words
      • 290 20 Bernama PETALING JAYA The group chief executive of Permodalan Nasional Bhd. Malaysia's national equity fund, saidyesterday that he is confident foreign fund managers will continue to invest in Malaysia despite the current volatility of the local bourse. "1 don't think they
        Bernama  -  290 words
      • 376 20 MBT KUALA LUMPUR The recent bull run on the Kuala Lumpur Stock Exchange (KLSE) was not triggered by market manipulation and it is not true that manipulation is rampant in the market. Securities Commission (SC) chairman Munir Majid yesterday said there
        MBT  -  376 words
      • 282 20  -  By Teh Hooi Ling SINGAPORE Provision Suppliers Corporation (PSC) has entered into a joint venture agreement to build a 14storey complex in Harbin, north China, for about US$5 million (SsB million). PSC will invest US$2 million to take a 40
        282 words
      • 151 20 SINGAPORE Electronics company Goldtron has signed up the Singapore branch of Italy's San Paolo Bank to arrange and manage a SS2O million bond issue. The three-year, fixed-rate bonds will pay interest of 6.5 per cent. They will be privately placed with Singapore-based financial
        151 words
      • 255 20 NST KUALA LUMPUR The president of Kuala Lumpur Industries Holdings Bhd (KLIH), Teong Teck Leng, is believed to have acquired stakes in several listed companies recently. Among the companies identified are Rahman Hydraulic Tin Bhd, U-Wood Holdings Bhd and Anson Perdana
        NST  -  255 words
      • 654 21 Bloomberg Business News WASHINGTON Securities and Exchange Commission chairman Arthur Levitt plans to press for improved training and stricter oversight of stockbrokers. In an interview with the Washington Post. Mr Levitt said new standards were needed for brokers and investment advisers because
        Bloomberg Business News  -  654 words
      • 240 21 Financial Times TOKYO Hitachi and Mitsubishi Electric are linking to produce flash memory chips, in an unusual alliance between two Japanese competitors. The two companies will codevelop 16-megabit flash memory an advanced silicon chip which remembers what has been written on it
        Financial Times  -  240 words
      • 474 21 Reuter NEW YORK International Business Machines Corp is expected to report its first quarterly net profit in almost two years, with strength coming from strong holiday sales of PCs and some improvement in mainframe sales. The company is set to report a
        Reuter  -  474 words
      • 310 21 Reuter LONDON Britain's two biggest power generating companies are waiting to find out whether they will face a monopolies probe over allegations they used their market clout to push up prices. The decision, expected as early as next week from Britain's power
        Reuter  -  310 words
      • 506 21 MARKET Reuter SHANGHAI After seeing their top billing snatched away by Hongkong's dazzling market in Chinese equities, Shanghai B shares for foreign investors are getting set to move back onto centre stage. This time the script will be better written, and the
        Reuter  -  506 words
      • 302 21 Reuter HONGKONG The Slock Exchange of Hongkong said it will amend its listing rules on company disclosure, effective Feb I, to step up investor protection. Herbert Hui, the head of the Exchange's listing division, told reporters the changes were in five areas. These arc
        Reuter  -  302 words
      • COMPANY BRIEFS
        • 78 21 Reuter HONGKONG Two Hongkong-based construction companies Chinese-backed Shougang Concord Grand (Group) and Hoi Sing Holdings have set the terms for Swiss franc-denominated borrowings amounting to 120 million to finance projects in China and Hongkong. Shougang will sell 100 million Swiss franc (SSIIO million) worth
          Reuter  -  78 words
        • 90 21 AP BEIJING China's central bank will begin selling treasury bonds through the Shanghai Securities Exchange this year, the official China Daily Business Weekly said on Sunday. All 2,600 trading seats on the exchange can apply to trade in treasury bonds. The exchange is preparing
          AP  -  90 words
        • 74 21 Reuter KARACHI Pakistan stocks closed sharply lower for the third straight session yesterday after crashing 128 points in Sunday's trading. The Karachi Stock Exchange 100-share index closed 68.08 points lower at 2,202.21, recovering slightly from a fall of 79.04 points one hour before the close.
          Reuter  -  74 words
        • 72 21 Bloomberg Business News HONGKONG Household products and furniture retailer Furniture and Households Square Ltd plans to raise HKSBO million (5516.4 million) through an initial public ottering, and will seek a listing on the Hong Kong Stock Exchange, the Hong Kong Economic Journal reports. Details of
          Bloomberg Business News  -  72 words
    • FINANCE & COMMODITIES
      • 340 23  -  Credit Suisse and Societe Generale's local offices to manage currency options By Paul Leo TWO major European banks Credit Suisse and Societe Generale have made Singapore their regional centre for trading currency options. Foreign exchange options are contracts giving the beneficiary the
        340 words
      • 479 23 Reuter TOKYO The Bank of Japan (BOJ) is worried that Japan's political developments might hurt business confidence by triggering a fall in Tokyo stock prices, Tatsuya Tamura, the BOJ's Osaka branch manager, told a news conference. He said the BOJ was closely watching to
        Reuter  -  479 words
      • 377 23 Reuter HONGKONG Australianbasqd insurance group National Mutual said yesterday that its Hongkong subsidiary has been the victim of a smear campaign that came to a head with the surprise resignation of its chief executive. Poison faxes to local Chinese newspapers,
        Reuter  -  377 words
      • 224 23 Bloomberg Business News COLOGNE Any attempt to revive Germany's foundering economy through massive in-terest-rate cuts would be doomed to failure, said Edgar Meister, a member of the Deutsche Bundesbank's policymaking central council. Mr Meister, who has a vote on the central
        Bloomberg Business News  -  224 words
      • 143 23 AFP BELGRADE These are new "super-dinar" notes that went into circulation yesterday in the former Yugoslavia in a bid to stem hyperinflation, which hit one million per cent in December. The federal government of Serbia and Montenegro has said the new dinar will be backed by
        AFP  -  143 words
      • 330 23 Bloomberg Business News HONGKONG Taiwan gov-ernment-controlled Chiao Tung Bank is planning to sell USJ2OO million (SS32O million) to US$3OO million of US dollar-denominated dragon bonds, a bond trader and a Hongkong-based investment manager who are familiar with the planned
        Bloomberg Business News  -  330 words
      • 414 23 Bank of Korea posts US$176m loss first in six years Reuter SEOUL South Korea's strict monetary policies imposed to curb inflation, coupled with falling international interest rates, pushed the central Bank of Korea (BoK) into the red for the first time in six years. Bank officials yesterday said that provisional
        Reuter  -  414 words
      • 195 23 Reuter TOKYO The Cooperative Credit Purchasing Co Ltd (CCPC), a joint unit of 162 financial institutions, is expected to buy more than two trillion yen (Ss2B billion) of bad loans for the second half of 1993/94 ending March 31, the Nikkei
        Reuter  -  195 words
      • SMALL CHANGE
        • 88 23 Reuter SAN FRANCISCO Visa International Inc said competitors at the Winter Olympic Games will be among the first to test a new pre-paid card. It said 175 competitors will be given the Visa Olympic Money card to use for cash withdrawals in Norwegian crowns, 24 hours
          Reuter  -  88 words
        • 58 23 Reuter OSLO Norway's Fokus Bank said it had taken the initiative to hold informal talks with the country's second largest commercial bank. Christiania Bank og Kreditkasse, to look at a possible merger. Both Fokus and Christiania are state-controlled after a government rescue operation to save
          Reuter  -  58 words
        • 64 23 KR NEW YORK US money market mutual fund assets rose by US$l.l9 billion (551.90 billion) to U*****.66 billion in the wiek ended Jan 19, says the Investment Company Institute. The ICI said the figure for the previous week was revised to U*****;47 billion
          KR  -  64 words
        • 119 23 Bloomberg Business News MELBOURNE Australia's Victoria state government borrowing agency sold Asl2s million (Ssl4o million) in two bonds series yesterday. The Treasury Corp of Victoria said it sold Asso million of the 12.5 per cent coupon bonds, due October 2003, at yields between 6.89
          Bloomberg Business News  -  119 words
      • 455 24 Reuter SINGAPORE New Asian oil refineries could provide some challenge to Singapore this year, but its refiners will continue to be competitive in producing better quality products to meet rising regional needs, industry officials said. Indonesia's first export-ori-ented refinery and Malaysia's
        Reuter  -  455 words
      • 335 24 Reuter KUALA LUMPUR Mine closures over the next few months may drastically cut Malaysia's tin output to 8,000 tonnes in 1994, the lowest level since World War Two, from about 11,000 tonnes in 1993, producers said. "We see production falling to about
        Reuter  -  335 words
      • 91 24 AFP NEW YORK The dollar lost ground against other major currencies with the exception of the yen in quiet trading on Wall Street early yesterday. At 1430 GMT, the dollar was at 1.751S German marks against 1.7520 hours earlier in London and 1.7540 at Friday's close here. It
        AFP  -  91 words
      • 275 24 AFP BEIJING Mismanagement of China's gold industry resulted in a 40 per cent plunge in the amount of gold sold to the state last year as sellers flooded the lucrative black market, the China Daily said yesterday. Under state regulations, all gold produced
        AFP  -  275 words
      • 196 24 Reuter KUALA LUMPUR Southeast Asian palm oil prices are likely to stay firm on bullish export news and the anticipation of falling stocks in Malaysia, but the upside hinges on how well the soybean market performs, traders said. "The Chicago soybean market has
        Reuter  -  196 words
      • 184 24 Bloomberg Business News MELBOURNE The Argyle diamond mine in Western Australia state, the largest diamond pit in the world, produced a record 41 million carats last year. Ashton Mining Ltd, a 40per cent owner of the mine, said yesterday that it
        Bloomberg Business News  -  184 words
      • 173 24 Reuter COLOMBO Sri Lankan tea production is expected to top 240 million kg this year, up from an estimated 225 million kg in 1993, primarily due to favourable weather conditions, industry sources said yesterday. "Good weather in the latter part of 1993 which
        Reuter  -  173 words
      • 191 24 Reuter BRUSSELS Talks between the world's major aluminium producing nations on an oversupply crisis failed to produce an agreement on output cuts and the European Commission said on Sunday it had set a Jan 28 deadline for a deal. The United States,
        Reuter  -  191 words
      • 230 24 Bemama TEHERAN The third largest gas field in Iran, with at least 20 trillion cubic feet of gas and one billion barrels of gas liquids, has been discovered in Iranian territorial waters in the Persian Gulf. Oil Minister Gholamreza Aqazadeh said here yesterday. He
        Bemama  -  230 words
      • 143 24 THE US$ drifted lower yesterday against the major currencies especially the yen, after staging a strong rally over the weekend. The US$/M$ was again the focus on news of Bank Negara's measures to curb speculative M$ flows. Every offer that surfaced above 2.7600 was cleared
        143 words
      • 192 24 Bloomberg Business News LONDON The dollar ended lower against the deutschemark in Europe yesterday after failing to break its 29-month high of 1.7560 marks, above which traders believe the Bundesbank will buy marks. Traders said there was persistent speculation European central banks are keen to rebuild depleted mark reserves
        Bloomberg Business News  -  192 words
      • 222 24 AFP ABU DHABI An initiative by major Gulf oil producers to cut output to boost prices appears to be waning as prices stabilise and independent exporters are reluctant to help, oil sources in the region said yesterday. Omani Oil Minister Said bin
        AFP  -  222 words
      • Article, Illustration
        1520 24 Trade-weighted index calculated against S pore 's top 14 trading partners Base year 1985 US$/S$ forward rites I Noon Jan 24 a BU Offer 1-month 1.6065 1.6080 2-month 1.6074 1.6089 Vmonth 1.6084 1.6099 6-month 1.6110 1.6130 Sourer OCBC Source: OCBC FOREIGN CURRENCY NOTE RATES A* at 1«M m laa 24:
        1,520 words
    • COMMODITIES & FUTURES
      • 1337 25 SIMEX REPORT Reuter SINGAPORE Simex Euroyen interest rate futures finished mixed yesterday, paring early gains after firming on a 1,000 point decline in the Nikkei and sluggish yen bonds. Dealers said parliament's defeat of the Japanese coalition government's political reform bills last Friday
        Reuter  -  1,337 words
      • 607 25 COMMODITY REPORTS Tki TIN closed unchanged at last week's MS 13.33 a kg after a brief trading session yesterday as both buyers and sellers decided to close deals at the opening level, traders said. Despite a lower London market last Friday, buying was seen
        607 words
      • KNIGHT-RIDDER COMMODITY SUMMARY
        • 112 25 NEW DELHI Delegates to the World Sugar Farmer's Conference here expressed optimism that the conclusion of the Uruguay round of Gatt trade talks will stabilise trade ties and improve sugar prices. "I think that most World Association of Beet and Cane Growers members feel that
          112 words
        • 107 25 SYDNEY Australia secured only 20.6 per cent of the grass-fed component of the latest South Korean beef tender after strong competition from New Zealand. The Australian Meat and Livestock Corporation said New Zealand was awarded 2,270 tonnes in the grass-fed section while Australian
          107 words
        • 81 25 TOKYO Nippon Mining and Metals Co is poised to announce a 10-per cent reduction in refined copper output, said a senior source at the company yesterday. Nippon Mining has not officially disclosed plans to cut production for fiscal 1994-95 (April-March). "We are still studying
          81 words
        • 59 25 TAIPEI Taiwan imported a total of 241.948 tonnes of cotton from January through October 1993, down from 268.672 tonnes in the same period in 1992. according to the Cotton Spinners Association. Imports from the US accounted for the largest shares, totalling 53,564 tonnes. Ivory Coast was
          59 words
    • 1585 25 Rubber HAS Commodity Exchange (futures closing as at lpa) RSS 1 Contract (S ccnts/kg) Close Volume Open Month High Low Sett (tonnes) Interest Feb 94 000 000 130 50 0 350 Mar 132.50 132.25 132.50 400 6.275 Apr 134.50 134.50 134 2 5 400 5.150 Ma\ 0.00 0.00
      1,585 words
    • REGIONAL STOCK MARKETS
      • 1306 26 -25.8 The Australian bourse closed weaker here yesterday after a softer gold price combined with a plunging Japanese stock market. encouraged investors to sell local stocks and lock away profits. However, brokers said the outlook on the local market remained positive. The All Ordinaries index closed off its lows,
        1,306 words
      • 577 26 +o.2pc The Philippine stock market marked time yesterday with traders forecasting a consolidation phase for some time. The Manila Stock Exchange Index inched marginally upward by 0.2 per cent to 3.112.51 points, while the barometer at the Makati Stock Exchange also pointed north by 0.2 per cent to finish
        577 words
      • 559 26 -12.15 Taiwan stocks finished slightly weaker in cautious trade. Buying interest remained generally low because of the high level of outstanding margin loans. The index wavered around 6.000 points before ending 12.15 points down at 5,957.88. Turnover fell to NT569.33 billion from NT575.94 billion in Saturday's shortened session. Buying
        559 words
      • 401 26 +10.21 Follow-through buying in some blue chips and renewed interest in asset play counters pushed the stock market up throughout the day. brokers said. But low-priced shares continued to lose ground on market worries of worsening liquidity. The composite stock index added 10.21 points to 887.96. Brokers noticed healthy
        401 words
      • 297 26 -7.68 New Zealand shares ended softly after early buying interest failed to spill over into the rest of the session. Turnover, worth NZ$3l million, was reasonable given yesterday's holiday in Wellington, where most institutions are based. The NZSE-40 capital index eased 7.68 points to 2,272.14 after peaking at
        297 words
      • 55 26 112.93 Share prices rose further in after trading hours kerb deals buoyed by the recovery in the second half of the official trading session. brokers said. The Bombay Stock Exchange 30-share index was revised upwards to 3.865.44 points, up 112.93 from close on Thursday. The 100-share national index closed
        55 words
    • WORLD STOCK MARKETS
      • 793 26 Britannia Funds Sterling Cash Bid Offer Mini Cap Deposit M 6400 J* 6500 Mim Jerso (.ill O.IMJ Mim Mat Income «l (N00 ****** ISS Cash Income Plus Fund 10 11 WOO PS Re*rse Fund 5MOO < 2500 Sterliag Fquilv Euro Performance 0.4592 0.4418 Far Ea« Fund "J '650 *2 Man
        793 words
      • 689 26 -2.8 Equities finished a nervous session slightly weaker yesterday as market makers, attempting to square short positions as inexpensively as possible, marked prices lower, analysts and dealers said. The FTSE 100 index, which set a record closing high last Friday, ended 2.8 points lower at 3.481.4 by the close.
        689 words
      • 198 26 +4.4 German share prices stabilised in the after market, with players retreating to the sidelines following a session shaken by technical factors, dealers said. The DAX index ended 4.40 points up on the day at 2.080.01. recovering strongly after a sharp drop in early trade. "It was looking totally
        198 words
      • 136 26 +30.52 French shares finished the account period with a surprise gain of over one percent on the CAC-40 index, helped by short covering, traders said. One trader said news of lower than expected inflation in the German North Rhine-Westphalia state started a scramble for stock as operators did not
        136 words
      • 130 26 +0.44pc Swedish shares ended the day higher after a volatile day. in line with other European bourses and late buyers swept in after early falls on profit-taking. "Right now it is volatile, but as soon as it falls buyers come into the market." a dealer said. The OMX-indcx closed
        130 words
      • 145 26 -1.67 Belgian shares ended off their day's lows as the market stabilised after an earlv fall. Further price gains were seen dependent on interest rates. The Bel-20 index of leading shares closed down 1.67 points, or 0.11 per cent, to 1,490.74 after falling to 1.486.04. Dealers said the early
        145 words
      • 251 26 1.23 Dutch shares recovered from a weaker start to close firmer in fair volume fuelled largely by professional short-covering. The AEX index of 24 leading shares closed 1.23 points or 0.29 per cent firmer at 429.75 after briefly breaking through the 430 mark in late afternoon trade. The pattern
        251 words
      • 233 26 -0.21 Swiss shares recovered from early losses to close steady. Dealers said rising share prices in Frankfurt supported sentiment. The broad SPI closed at 1.935.44 points, the day's high and a fraction below the previous close. The blue-chip SMI rose 2.5 to 3.041.8. just off the day's high. Roche
        233 words
      • 299 26 -33 Shares ended broadly lower amid gold price weakness and a softer futures market, but support had been found around the lows. The industrial market continued to lack clear incentives to bounce from lows. The gold index, after losing 120 points on Friday, was 33 points softer at 1.910.
        299 words
      • 240 26 -34.42 Toronto stocks tumbled early yesterday as players continued to grab profits after the market's strong performance in recent weeks. The precious metals index led the decline as gold prices weakened early in choppy morning trade. The TSE 300 composite index fell 34.42 points to 4.468.52 in early turnover
        240 words
      • 851 26 1.69 The Dow Jones industrial average, which climbed 22.52 points to a new all-time high of 3.914.48 on Friday, was ahead 1.69 points to 3.916.17 at 11 am EST yesterday. The key barometer was down 10.70 points shortly after the market opened. IBM. the sccond most active big
        851 words
    • Article, Illustration
      3140 27 Reuter HONGKONG Shareprices ended stronger yesterday but profit-taking trimmed early gains, brokers said. They said Japanese and US investment houses pushed prices higher in early trade as funds were diverted from a falling Tokyo market into other Asian markets. But profit-taking hit the market in afternoon trade as investors
      Reuter; Source: Bridge Info  -  3,140 words
    • Article, Illustration
      493 27 THE Shanghai market recovered modestly yesterday after losing about 15 per cent in the past two weeks. The CLSA Shanghai B Index finished up 13.13 points at 976.41. The market was dominated by local investors as overseas players were still staying on the sideline. Dazhong and Chlor Alkali were
      493 words
    • Article, Illustration
      2514 27 Reuter TOKYO Share prices tumbled, sending the Nikkei average down over 900 points at the close yesterday. Sentiment was hard hit by Friday's rejection of the government's political reform bills by the Upper House of Parliament. brokers said. An estimated 360 million shares were traded. The Nikkei Stock Average
      Reuter; Source: Bridge Info  -  2,514 words
    • Article, Illustration
      1830 27 Reuter BANGKOK Thai slocks gained 3.77 per cent in moderate trading to finish sharply higher yesterday as speculators concentrated on the finance sector in anticipation of bullish 1993 earnings, brokers said. The SET Index gained 53.13 points to close at 1.461.59. Turnover was 13.8 billion baht with rises outnumbering
      Reuter; Source: Bridge Info  -  1,830 words
    • Article, Illustration
      1138 27 Reuter JAKARTA Share prices closed lower in moderate trading yesterday, with investors uninspired on weak sentiment, brokers said. The official index ended 2.28 points higher at 588.05. "There was not much interest in the market. Moderate profittaking nudged prices down as overall support seemed to be sideways." a foreign
      Reuter; Source: Bridge Info  -  1,138 words
    • 2704 28 Source: Bridge Info Source: Bridge Info MOST ACTIVE votore kamunting 50c 5.671.000 Promet 4.656.000 Idns Hvd 50c 3.598.000 Faber Group 3.447.000 \MDB 50c 3.075.000 1GB Corpn 50c 2.788.000 Rcnong Bhd 50c 2.624.000 FACB 50c 2.580.000 Sn Hartamas 2.540.000 Lien Hoe TSR97 2.273.000 Metrople* TSR 1.980.000 Tan Cnong 50c
      Source: Bridge Info  -  2,704 words
    • KUALA LUMPUR STOCK EXCHANGE
      • 5861 28 Bernama KUALA LUMPUR Share prices here closed generally lower but gains in selective index-linked counters pushed the Composite Index to end slightly higher yesterday. The all-share Emas Index closed 3.21 points easier at 312.87 while the Composite Index inched up 0.79 point to
        Bernama; Source: Bridge Info  -  5,861 words
    • STOCK EXCHANGE OF SINGAPORE
      • 6859 29 MAIN BOARD Transaction date: Jan 24 Cr Cr 1993/94 List Vol Day Last Qaotc Di* Div YM Net M Cap >li|h La. Company Sale 000) High Low Ifaycr SHkr O P/E tail INDUSTRIAL AND COMMERCIAL 1440 260 l Acma 1270 -30 51 1280 1250 1250 1270 12.5 2.1 1.0 55.0
        6,859 words
      • 1699 30  -  By Quak Hiang Whai SINGAPORE Singapore and Malaysian stocks went in different directions yesterday. The local main board rose on selective buying of Singapore blue chips, but Malaysian counters took another beating. Foreign funds were reported to be making a comeback to Asean countries.
        Source: Bridge Info  -  1,699 words
      • Article, Illustration
        122 30  -  HOT STOCK By Quak Hiang W hai FABER Group shares fell another 9 cents to $2.33 yesterday to trade near shortterm support around $2.30. On the daily chart, the indicators are near the oversold region, which means the stock will soon move into bargain-hunting territory. Besides the daily
        122 words
  • Page 19 Advertisements
    • 349 19 Results Oriented Seminar on r PROJECT MANAGEMENT in the Construction Industry Hie Oriental Singapore, 17 18 March 1994 TOPICS KEY BENEFITS From Concept to Confirmation. Learn contract approaches. Explore the importance of "people skHT. Contractual Issues. Discover the philosophy of protect time control. The Management of Time ft Cost. Participate
      349 words

  • Page 20 Advertisements
    • 35 20 SINGAPORE Business Times WEKNOWASA Address: m Customer Relations Section Circulation Department Singapore Press Holdings Limited 82 Genting Lane Occupation: Fax: News Centre Singapore 1334 §3381 m Tel: 1800-749 2577 Fax 744 487S Tel: (O) (H)
      35 words

  • Page 21 Advertisements
    • 117 21 LEARNING THE WAYS OF WATER Giving life, water falls from heaven then flows back into the deepest recesses of the earth. A life source that benefits us all without taking credit, water is perfectly content to m puddle-up in the lowest places. Unassuming. Unpretentious. The Legend learns a lesson from
      117 words

  • Page 22 Advertisements
    • 4930 22 Kings O m HOTEL*SINGAPORE (■■B KING'S HOTEL LIMITED (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING )»;i t,v NOTICE IS HEREBY GIVEN THAT an Extraordinary General Meeting of the Company will be held at (e) any other issue of shares, the aggregate of which would in any
      4,930 words

  • Page 23 Advertisements
    • 1347 23 (d) to such person and such address as such member or person or persons may by or the benefit thereof accrues to the Company rather than to the members which the member but for his death or bankruptcy would have been entitled, and writing direct. concerned). The Directors may authorise
      1,347 words


  • Page 25 Advertisements
    • 193 25 BUSINESS TIMES TOLL-FREE TEL. No. 1-800-741-1883' FAX: 741-1296 J i j I I H I] i I I 1 I I H I I r;- I BMHBBBpLgHIIHpyIHdUfI M M it;. ---w -.-ft- til, -ii— _J 1 igß iras position wnn ckkq comcnon ana h analysis of semiconductor shipments, MH --1
      193 words
    • 40 25 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead r JUSfr CALLfV 737-1166 Business heats up Ji, iV when you make the call and place an CJLT.B. ad. 1737-11*41
      40 words




  • Page 29 Advertisements
    • 86 29 With over 195 miton conk bonowod mA P A#4MLB#LMAMI# oi OVOT I i*j nun on esTOOwsnfijeins, muSTMvmu pVTS TM WHOM WOvM W )nr bit. Aad it ghres yo« etsy accus to cask at 300,000 book If -i N.. ■"r_ >\ <-•:• braacbts aad ATMs YOU'VE OOT THI WttOU WOKLD IN
      86 words

  • Page 30 Advertisements
    • 1326 30 v T i I ~i > r M THE MATTER OF THE 1 COMPAMES ACT, CAP 90 MB M THE MATTER OP NOTICE IS HEREBY GIVBI pursuant to SacHon 308 of t» Companias Act Cap 50, thai a FM Maattng at tha liMlkM ■Wwi w me aoovwufnea Company will ba
      1,326 words
    • 398 30 BROKERS' STOCK PICKS in Personal Finance and Investment on Saturdays NOTICE IS HEREBY GIVEN that. I Ting Cheng Ping of Blk 320, Hougang Ave 5 **-06 Smgyw 1953. have applied far Public House Ist Class Licence in respect of premises at M/S Alluvion Investments Pie Lid at No. 1110 East
      398 words
    • 118 30 M TO MATTER OF TO COMPARES ACT. CHAPTER 50 GLAMOUR DIMMERS A DECORATORS PTE LTV (to Cotton' VaMnvy Uquttion) WOTP statu yaw—taaannaSadioa 3ndtti(Co!npwwAd.OH»NrSO.iFinl towal Mating altcCottooandMantan c*tr*atnanamao company a hM«tha cffctaf M/i Gu Kim Yam A Conwy. 4156 Jatar tear. Sngapon TOO on Ptoy the SIX pjit.br tha Wcwng pupoHK
      118 words

  • Shipping Times
    • 428 31  -  By Dexter Lee SINGAPORE Bunker shipping in Singapore will never be the same. Instead of buying secondhand vessels from Japan as they did for 20 years bunker barge owners are turning to shipyards to build new ones. The shift is in response to increasingly
      428 words
    • 280 31 Reuter ABU DHABI The United Arab Emirates' first federal environmental protection law will punish polluters, including tankers discharging oil residues into the Gulf and dumpers of toxic waste in the desert, officials said on Sunday. The law, currently being drafted to cover all seven
      Reuter  -  280 words
    • 700 31 AP LONDON The captain of an oil tanker that ran aground in the Shetland Islands and threatened an environmental disaster showed "a serious dereliction of duty", an official accident report has concluded. Captain Alexandros Gelis, 46, should have tried to re-se-cure or
      AP  -  700 words
    • 192 31 SINGAPORE Local company Tru-Marine has become the first turbocharger repairer in the region to obtain ISO 9002 quality certification. The award, by Det Norske Veritas Quality Assurance Co, was given on Jan 10. Tru-Marine, set up in 1977, began working towards ISO certification in
      192 words
    • 163 31 AFP WASHINGTON A cargo ship sailing from China to the Middle East was recently found to be carrying illegal chemicals that can be used in weapons manufacturing, US officials said. The banned substances were found on the German ship during an
      AFP  -  163 words
    • 587 31  -  (ASKHOQk By Ramesh Divyanathan SINGAPORE An English court has ruled that a shipowner is liable for damage to his vessel caused by a negligent pilot during compulsory pilotage. In the case of Oceangas Ltd (Gibraltar) Ltd v Port of London Authority, reported in
      587 words
    • 502 31 Knight-Ridder NEW YORK The St Lawrence Seaway Development Corp, together with its counterpart agency The St Lawrence Seaway Authority, has announced that they have agreed to expand discounts on St Lawrence Seaway charges for the 1994 shipping season. The decision, coupled with
      Knight-Ridder  -  502 words
    • 832 31 Page Col ABC Containerize 12 1 Accord Group 8 1-3 Ahrenkid Liner 4 1/2 •APL 5 3-5 Appcnship 8 4/5 •ANL 3 1/2 •ASCL 5 5 Avant Shpg 6 4/5 •Bait Orient Line 7 4/5 •Bank Line. The 9 5 Barbican Line 4
      832 words
    • SHIPS IN PORT
      • 537 32 Vtttd Voy Kb Bwtti fcmal Departat Wwwl ¥oy N» Berth Untwl PqMrtwt Jurong Port b*u Mured *****4 poia 2501/1020 2601/2300 Aula Setaya AS/04,94 17 alongside 25 01,2015 Batam SpeaU ****** P01A 24 01/1900 24 01/2300 Batam Batagia 01/06 94 11 *x«s«te 2501/2300 Batam SpeedJ ****** POIA 2501/1900
        537 words
      • 1697 32 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Boating/Manet Rdtt Ship Voy No Etb/Btr Period From To From Aci S** 102A 26/1500 3 25/0700 25/1159 25/1400 4 25/1200 25/1459 25/1700 Hatty* N104W 26/1100 1 24/1500 24/1659 24/1900 2 24/1700
        1,697 words
    • 12113 40 This is a list of ships loading at Singapore for ports around the world. It tabulates, by destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. LEGEND PN: ship calls
      12,113 words
    • 3336 45 Containerline NV: Belsin Shpg Agencies Pte Ltd (SVManne Handling Sdn Bhd (PK/PN). Accord Group: Accord Shpg Pre Ltd (SyAccord Contr Line (PK/PN). Adkris Business Corporation Philippine: Calsource Shpg A Trdg Pte Ltd (S) Ahreakiei Liner Service: Kim Shpg A Trdg (Sk AHmtros Sea-Air Service; Frata Shpg Pte Ltd
      3,336 words
    • 272 45 Abacus Couriers Tel: 545-8011. Fax: 545-1898. Air Express Travel Tel: 533-5771. Fax: 535-6144. Airborne Freight Corporation Tel: 542-8844. Fax: 542-3716. *****80. Airswift Worldwide Courier Tel: 278-0188. Fax: 273-8283. AJS Supplies Tel: 748-6322 (2 lines). 747-7421. Fax: 742-8975. City-Link International Tel: 344-3377. Fax: 345-6450. Ouster Link Supplies A Services
      272 words
    • 1476 45 Abex Express Freight Tel: 542-7171. Fax: *****84. Actiaic Forwarder Tel: 225-1833. Fax: *****42. Acthak Singapore Tel: 542-7821 Fax: *****20. Aeraiiak Freight International Tel: 545-803lFax: *****05. Td:'*s42-5911. Fax: *****18. Ak Cargo Novo Express Tel: 542-5454. Fax: *****06. Air Express Interaatioaal Tel: 542-7666. Fax: *****74. *****50. Air Market Express Tel:
      1,476 words
    • 2049 46 ALBANIA Duress: Six vessels discharging of which 1 gas oil, 2 wheat, 1 tractors and general cargo, 1 tobacco, 1 bagged wheat flour, 1 bagged cement vessel awaiting berth in roads. ANGOLA Luanda: Port operating normally, no congestion reported. Nami be: Ports operating lyCabinda: Minor damage caused by
      2,049 words
    • 558 46 ARRIVALS DEPARTURES Of Flight Type ETA T From Op Flight Type ETD T To TODAY today NCA K.Z203 B747F 0145 1 NRT SIA SQ802 B747F 0230 2 SYD/AKL KAL KE697 B747F 0150 1 SEL NCA KZ204 B747F 0335 1 BKK/NRT JAL JL617 B747F 0345 1 TYO KAL
      558 words
    • 1213 46 SHIP SALES TANKER RATES INTEREST continues to run high for newbuildings and we are hearing reports that a major London based Greek has placed an order for 2 suexmax tankers (double bottom/double skin) with Samsung in Korea for delivery in 1995. The order is said to be based on an
      1,213 words
    • 517 46 CRUISE FERRY SCHEDULES CRUISE SHIPS Ait Dtp Name of Vessel ETA ETD Ports of Calls Port Agnt Telephone No JANUARY 21 21 Renaissance 1 1000 1900 Cruise to Nowhere Lines Intl Holdings 224-2763 21 21 Leisure World 1000 2013 Jakarta Sin Lauw Sons Travel 227-8244 Port Klang 21 21 Langkapuri
      517 words
    • 913 47 THIS twice weekly report, compiled by Cockett Marine Oil Ltd, shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on average-sized stem. Market movements are indicated. The Cockett Bunker Price Index change and
      913 words
    • 875 47 THE Baltic Freight Index for spot dry cargo shipping rates fell to 1,238 on Friday from 1,242 on Jan 20. There was little business emerging in the grain trades and rates remained weak, brokers said. Yukong was said to have fixed the Mehmet Bay for a mid, Feb
      875 words
    • 1185 47 COURSES Title: Writing Procedures Work Inspections with Consideration to the ISO9OOO Standard Implementation Duration: Jan 25 Organiser The Chartered Institute of Transport Tel: For more information contact CIT Secretariat at 226-3433 or fax: 226-2477. Title: Gaining the Quality Advantage Through Total Quality Management (TQM) with emphasis on the
      1,185 words
    • 1078 48 After disappointments in Europe, the British group is returning in a big way to the Far East International Transport Journal THE British P&O Group has substantially strengthened its involvement in the Far East and particularly in China in the recent past. Acutely aware
      International Transport Journal  -  1,078 words
    • AIR AND LAND TRANSPORT NEWS
      • 425 50 Reuter, Knight-Ridder NEW YORK Northwest Airlines and its partner KLM Royal Dutch Airlines said on Sunday that they were cutting fares on certain trans-Atlantic flights this spring and summer by up to 30 per cent. The Trans World Airlines Inc immediately
        Reuter,; Knight-Ridder  -  425 words
      • 55 50 Reuter CHATEAU-D'OEX, Switzerland Hot-air balloons in all shapes and sizes get ready for take-off at the official opening of the 15th International Hot-Air Balloon Week at the Swiss mountain resort here last Saturday. Balloons from 24 countries are expected to participate in the various competitions scheduled
        Reuter  -  55 words
      • 586 50 NYT WARREN Michigan The car industry, working to sell more cars by selling safety, is about to send something new hurtling down the test track: a pregnant crash dummy. The addition of a woman seven months pregnant to the dummy
        NYT  -  586 words
      • 357 50 NYT ATLANTA A former Atlanta city councilman and a powerful businessman at Hartsfield International Airport were convicted last weekend on bribery, conspiracy and fraud charges after a three-week trial that raised legal and political issues that are likely to haunt Atlanta for months.
        NYT  -  357 words
      • 151 50 Reuter MOSCOW Russia's air traffic controllers have threatened to go on strike to back claims for better working conditions, Interfax news agency said on Sunday. Vladimir Brodulev, deputy head of the controllers 1 union, told the agency that the government had a month
        Reuter  -  151 words
      • 262 50 Bloomberg Business News LONDON Japanese car maker Honda Motor Co is in talks with British Aerospace pic about raising its stake in the Rover car subsidiary to about 40 per cent from the present 20 per cent, the Sunday Times reported.
        Bloomberg Business News  -  262 words
      • LOG BOOK
        • 92 50 AFP CHITTAGONG Authorities here have opened an investigation into allegations that a US-flagged cargo vessel was dumping "poisonous" waste into the Bay of Bengal, off the Bangladesh coast, sources said. The probe by the government's Environment Directorate got underway on Saturday, while Mercantile Marine Department officials
          AFP  -  92 words
        • 73 50 AFP ROME An Ethiopian Airlines 747 was seized minutes after taking off on Sunday from the Senegalese capital Dakar and ordered flown to Rome, where its hijacker surrendered to authorities, Italian police said. Italian police said flight 972, bound for the Malian capital Bamako, landed at Ciampino
          AFP  -  73 words
        • 70 50 Reuter FRANKFURT Volkswagen AG chairman Ferdinand Piech said the group was expected to post a loss in the first quarter of 1994 but would break even in the full year. But the first quarter loss would be just "a fraction" of the 1.25 billion
          Reuter  -  70 words
        • 64 50 Bloomberg Business News FRANKFURT German engineering group AEG said it was part of a group supplying Russia's railway ministry with 200 electric locomotives a year from 1998. AEG said its railways subsidiary, AEG Schienenfahrzeuge, would supply electronic equipment and microelectronic components for the locomotive!, which
          Bloomberg Business News  -  64 words
        • 70 50 AP BEIJING Sofretu, a French engineering company, has signed a US$5 million (SSB million) contract to provide consulting services for a subway construction project in the southern city of Guangzhou, an official newspaper said yesterday. The contra<s with the Guangzhou Metro Coip calls for Sofretu
          AP  -  70 words
        • 64 50 BEUING Chinese Foreign Trade Minister Wu Yi had appealed for improved transport services to maintain the surge in China's foreign trade volume, it was reported on Saturday. China could achieve its 1996 foreign trade volume target of USS2OO billion by this year if transport services
          64 words
      • 193 50 Reuter BEIJING A Beijing court has agreed to hear the first lawsuit filed in China against a Chinese airline by passengers furious over a cancelled flight, the Legal Daily said yesterday. Beijing's Chaovang People's Court accepted the suit lodged by 81
        Reuter  -  193 words
      • 1730 50 CMy H» ETA Fl» ETB^ Ma Bkahi GA893 1655 GA974 2325 GA984 2340 Malai* QF81 1930 QF82 2050 SQ228 2105 Ansttrdam KL844 0535 KL837 1540 KL838 2300 GA893 1655 GA974 2325 SQ26 2355 Mmm SQ348 2250 OwM—d NZ35 1425 SQ288 2045 SQ286 2035 NZ36 2235 Baiirai*
        1,730 words
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    • 420 32 TSKUNE AGENCES (S) PIE. LID. /WhA 'I V 17 f nf|l Tel: 226-3363 EBTO LLMt i TOKYO SENPAKU KAISHA, LTD. CR No: **********0N I .i .i 11 ,M 1" 'iissz lIV 'ww IWI ww C MUTER 70 2101 3101 ACX DAISY OMB **24.01 **2101 25.01 2101 01.02 0102 01.02 0102
      420 words
    • 1372 32 I TOIA WM comMiMni Im MT- JBL U Ml n a ML.JHBIM m n —1 mm. mm nm vmmt iomt or r«r or urar mm um califomm wrni» I 70 ?6?7i 122 lu2 iu 172 is? is? 162 142 112 JHLJ. CAUTOMM PfGASUS It 232 112 712 232 242 22
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  • Page 33 Advertisements
    • 2288 33 M OOCL (S) PTE LTD JAR DINE SHIPPING AGENCIES 7 v rpL' *****13 FAX* *****42 PETALING JAYA TEL: 03-*****76 FAX: 03-*****42 DOCUMENTATION TEL: *****55 (INWARDJ/*****90 (OUTWARD) CFS TEL: *****6 BOOK,NGS TEL: *****80 *****81/ *****82 p ***** (OPNS> CFS (PSA F5) TEL: *****21/ *****79 fito7 ?4359a CUSTOMER SVC TEL: *****92/*****91/*****93 JOHOR
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    • 1863 33 muwmasam SAILING TO CENTRAL AFRICAN REPURUC/CHAD/CAMEROUN BANGUI/N'DJAMENA/YAOUNDE LEXA MAERSK V.9402 ETA 27TH JAN 94 VMM Voy ETA ETO Feeder by SLiUr- destinations TTW M* anoers MAERSK VMO2 01/02 oaoo MRS CFS 31/01 23M MRS JOH LPK PEN OAK LQB SFO MEM ATL MtA CHS BAL PML NYC TOR ANOERS MAERSK
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  • Page 34 Advertisements
    • 1564 34 AQABA R DAM/ [I ALSO ACCEPTING FROM VESSEL VOY NO SPORE JEDOAH (VIA JED) S TON H BURG A WERP HAVRE m MALAYSIA KATSURAOI 19/103 26/1 12/2 15/2 13/2 Port Kelang. Penang KITANO 23/303 29/1 7/2 13/2 16/2 19/2 21/2 23/2 Paslr Gudang KAMAKURA 32/104 2/2 19/2 22/2 20/2 EAST
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    • 576 34 HJJM FCL 4 Breakbulk Service to: AFGHANISTAN MAM Afghanistan Ltd., Sole Foreign Forwarder in Kabul for all services C.I.S.- Vostochny, Vladivostok, Moscow, Tashkent, Kiev, Minsk, Riga, Baku, Irkutsk, Alma Ata North Korea t Vietnam e Mongolia Hungary CSFB e Poland FULL CONTAINER SERVICE TO NORTH/WEST AFRICA FEEDER VESSEL ETA SIN
      576 words
    • 1086 34 I NORASIA I NORASIA PEARL 9403 3 26/01 16/02 19/02 20/02 20/02 21/62 22/62 23/02 26/02 25/62 I ARABIAN SEA 404W 02/02 23/02 26/02 27/02 27/02 26/02 01/03 01/03 03/03 04/03 I I NORASIA AL MUNTAZAH 9405 3 13/02 05/03 08/03 09/03 09/03 10/03 11/03 12/03 13/03 14/63 I 17/02
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  • Page 35 Advertisements
    • 1652 35 K STRAITS SHIPPING PTE LTD 10 Hoo Chiang Road #11-01 KoppoJ Towers Sli|i>iri 0200 Tol: *****00 Fax: *****17 —mi aummA piowc imm jgwy <a Bmv« or china navigation cot accepts \a#yy CJM6O DUE SAU 5S f?* 1, 2"2 2!" PCL. LCt COMTAMM AMD WWIU MRVICC TO r«HM WW OUMKA STRMTS
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    • 2485 35 r. SINGAPORE AGENT: fJXn I I AffltoinAfC Pto Containers (Singapore Agencies) Pte Ltd A. VjUmCi|£llVX 9 10 Hoe Chiang Road #07-01 Keppel Towers, Singapore 0208 'f\ Tel: 225 2233 Telex: RS ***** PNOCSP Fax: 225 5327/222 7517 CR Number: **********0Z EXPORT IMPORT vcsscl voy im f«e m tit sou ant
      2,485 words
    • 32 35 SPORE OOLFO DC CHMQUI OC-1W 24/25 JAN Ta Buanavantva/B»raN|«a/SanU Marta/Cartafana/ Santo Daafefa/ Pto Qwtzal/Acajafc/Saa Laram/Cariato/Pto CaUara •A* VESSEL JC-29S 1 FEB T« Maracafca/Puarto CaMa/6aar|i Tawn/Guaranaa/ La GaaH/fTa Sma/Matanm/ Part af Spafe/Paramariba/Pmiiia/Caian/Cffetabal/E) Guamad*
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  • Page 36 Advertisements
    • 538 36 EKA JAYA AGENCIES >al|r TEL: *****22 (8 LINES) FAX: *****05 SALES REPRESENTATIVES IN CHARGE MYANMAW TWAM PAQgW I HANDPHONE/MMCY HMUM iHOW MMI/MIHM HQ CHI mwi CITY HMWVHOt 21*0*24 727WWWHM mumlsmmi tana mrnifmnn TO MYANMAR/YANGON 3EMI CONTAINER SERVICE M OCEANLINES m/m YAMGOW STOK TBH 15 2 20 2 2«/2 YANGON GEN.
      538 words
    • 1722 36 OHANJIN SHIPPING] BOOKING TEL:- *****35-237 OPERATION TEL: *****41-253 SALES TEL:- *****21-233 DOCUMENT TEL: *****71-275 for vsi rSTImHAa sea m pox for sw lune haul sav u nyc HANK* SEATTLE 032E 28,1 DBECT 17/2 11/2 19/2 HAWK SEATTLE OJ2E 28 1 H. KEEIUNG MCE 3/3 4/3 «/3 HAN IN TONGHAt 103E
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    • 1466 36 AWV -k!I -I -T J rrTT!m na SCP (U ws uc w WT on WT sw rro iu CMS ui NTC UK MR MM nr wt no CM m MP I E GaHNH-042 75/1 27/1 31/1 2/2 4/2 7/2 «/2 11/2 11/2 11/2 12/2 24/2 1/1 U/l 12/1 22/1 21/1
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  • Page 37 Advertisements
    • 2613 37 II II sex: 'CALIFORNIA JUPITER 70E' eta sgp 26/01/94 II H XfGL MII ARRIVING LOS ANGELES 12/02/94 IN 16 DAYS II II AEX Neptune coral 13E' eta sgp 26/01/94 II H II ARRIVING NEW YORK 19/02/94 IN 23 DAYS HI EXPORT TO: PSW/PNW SINGAPORE CALIFORNIA tXPROS (SCX) TO: USWC US
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    • 1105 37 A I MULTILINE SHIPPING PTE LTD mm (a member of SMSOV Group) CR NO: **********0 C ENQURES: *****33 y±Z±X BOOKINGS: *****64, *****51, *****31, *****13 BALTIC: INWARD *****97 OUTWARD *****10 T/S *****10 Jfrv ,jk BLASCO: INWARD *****65 OUTWARD *****28 T/S *****46 mksZlrf/L FESCO: BOOKINGS *****06 DOC *****07 MAR WE INSURANCE: *****87
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  • Page 38 Advertisements
    • 1563 38 AS AGENTS "K" UNI (SINGAPORE) PTE LTD (CR No: **********0 M) TEL- *****77 TELEX: KAWAKI R*****5 FAX: *****16/7/8/9 MALAYSIA K" LINE MARITIME (MALAYSIA) SON MO m TEL: SA *****00 PK *****75 PEN *****0 JB *****1 PGU *****5/6 1 INDONESIA: P.T. SAHARA LAIfT INTERNUSA. TEL: JKT *****08 (WMm N. wrmwm nrnsPHSS-s
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    • 1108 38 @APPENSHIP (2) HAMBURG \r\J CONVENTIONAL A INDEPENDENT LINER SERVICE EUROPE TO SOUTH EAST ASIA AND FAR EAST VESSELS LOAOMG PORTS OCSCHARGE LOAUNG FOR VASILIY MATUZENKO 2 2 94 KOALA CONTAINER LINE STORE ax HAM ROT LEH DKK CS FRANCE VM 29/01 23/02 24/02 25/02 26/02 21/02 CS AUSTRALIA Vl5 03/02
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  • Page 39 Advertisements
    • 932 39 I PACIFIC INTERNATIONAL LINES (PTE) LTD 1 1 140 Cecil Street, #03-00 PIL Building. Singapore 0106. I I fll V CR NO '**********E I VESSEL VOV SIN CMS JIB JEO AQJ AOE MOO KU ASA KOTA INDAH IDHOO3 31/1 5/2 12/2 17/2 20/2 1«/2 14/2 20/2 23/2 KOTA WIRAWAN WRNO37
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    • 1058 39 KSStIS MOT HAMBURG ROTTEROAM ANTWERP THAMES LE HARtt WU.E DC TIT ANA 9331W 27/01 19/02 21/02 22/02 23/02 24/02 mm ABRAHAM 7132W 09/02 01/03 03/03 04/03 95/03 00/03 TOKIO EXfUtSS 9932W 09 02 04/03 00/03 03/03 00/03 09/03 HAWSO CARIUER 7332W 11/03 13/03 14/03 15/03 10/03 •ALSO ACCEPTMG CARGO TO
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    • 410 39 BSA n. M MYANMA pMHk FIVE STAR LINE >| (Myanmar National Line) Loading for Yangon (Rangoon) Spore P.KIf Pan PGdf HPA-AR Vl99* 1/ 3 Feb A¥A *1271* In Port PAGAN V2OSW 20/31 Jan 24/2$ lan MALAYSIA MINTS: BOUSUAD SHPPMC AGENCES KUL TCI 03 *****00 mi TEL 03 3CK7S7 KN: Ta
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  • Page 42 Advertisements
    • 2749 42 nrvc/^rv I I V I -u.M.-ierw SMUH*rSC£MEKAIAC£MTS MALAYSIA'S AUMTS COSTAR SMirrwe m LTO Ctug CUmSMmimS* BW rONTATNFR V/Vyl 1 1 ill 1 Cff NO: ********** M Hum —f2 M4l ucitnccsu Cm* GUI SMmim s+IM __MAIN UNL 226 1900 Mem Urn: Hrt*+*-*£*•» LINES SIS" —JZ: •W 2Zi IM® WWWUM mum I*
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  • Page 43 Advertisements
    • 645 43 (ft FAMOUS CONTAINER LINES 10 ANSON RD. #15-21 INTERNATIONAL PLAZA, S PORE 0207 HOT LINE: *****33 (24 LINES) > GOTHENBURG/SCAN 31/1 ROTTERDAM 31/1 AARHUS/COPENHAGEN 31/1 HAMBURG/BREMEN 31/1 MARSEILLE/FRANCE V 2 FELIXSTOWE/UK 26/1 BARCELONA/SPAIN 30/1 LEHAVRE/FRANCE 26/1 GENOA/ITALY 31/1 ANTWERP/BELGIUM 3VI LOS ANGELES/WC/IPI 29/1 SYDNEY/MELBOURNE 29/1 NEW YORK/EC 29/1 FREMANTLE/ADELAIDE 27/1
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    • 1543 43 vessel vov sm jkt vessel vov sin km i^H 4 WANABHUM lat Wd tn PI 81 2»/1 F fi I a»/1 S« IWI H J VESSEL VOY SIN BKK CHAIY* BHUM 388 Fri 28/1 Tin 1/2 3 THAN* »mffii 15H Fri 28/i~ "sun" ~3s7T Mm XETHA BHUM 32N Tw lln
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  • Page 44 Advertisements
    • 1580 44 ■ftABMN CONTAINER LINES kIV/VrlAflento; MAC-NELB SPORE: *****22 (24 LINES) V > 'cm Mat mm SIBU (064) *****9 KUCHING (062) *****3 PENANG: (04) *****6 BANGKOK (062) *****57 MANILA (632) *****61 P.KELANQ: (03) *****77 JAKARTA: (21) *****07 SURABAYA: (31) *****0 HKG/TWN/BKK I GENOA/EUROPE PEN PKL SIN 5 SAILINGS/WEEK PEN PK SIN 28/1
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    • 129 44 ■ndojaVa J SHIPPING TRADING PTE LTD I WEEKLY TO JAKARTA/SURABAYA 1 Vaaaai ETA/ETD DESTINATION J I Nantai I 27-21 Jan Jakarta/Patembang I Pinang Jaya 29-30 Jan Jakarta/Patembang i > Parita Intan 3- 4 Fab Jakarta/Patembang Ma*jay a 5- 7 Fab Jakarta/Patembang Nantai II I- I Fab Jakarta/Patembang i Waaian 15-17
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    • 187 44 I SEAWARD SHIPPING AND I TRADING CO (S) PTE LTD in ITA CT« sras KMT HUANG PINANC BLUE MIX IS 2 Lo«kng toi Mate RINN HUOHU 20/2 Discharging and loading tor Bombay DOLPMH 10 2 loading for Mak HONOR SWKMI 20 2 Loatfcnt For lIMEEDM H PORT loadNij For Male
      187 words
    • 1072 44 O THONG SOON UNES PTE LTD f I /\V\ 78 SHEHTOH WAY #10-01, SINGAPORE 0207 I I \J TEL: 227-50 M FAX: 227-6011 ft I TLX: RS ***** CARRfR, RS ***** JENHOL CABLE: TOSOCO I SINGAPORE TO SARAWAK VESSEL VOY S PORE lEST VESSEL VOT STST" KST EQUATOR JADE 101/4E
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  • Page 47 Advertisements
    • 22 47 STRAIGHT TALK You shouldn't have to read between the lines to get the full picture. Companies Markets. Everyday. Business Times WKBtOm ASA
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    • 42 47 rFACmwI w ICtfEtEMM Maybe gob chance,-this I > Any job. Any Career. Available Any Day. any Time, anywhere. The Straits Times The Sunday Times Business Times The New Paper LIANHE ZAOBAO LIANHE WANBAO SHIN MIN DAILY NEWS BERITA HARIAN BERITA MINGGU Print HnlrHn*/s
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  • Page 48 Advertisements
    • 218 48 J. VIGOUR PACIFIC LINES I VESSEL VOYAGE SINGAPORE MANILA VIGOUR PACIFIC 9405N 28/01/94 05/02/94 VIGOUR PACIFY 940 SAW 31/01/94 PS/Q2/9* 22L, VIGOUR SWGAPORE 9406N 04/02/94 12/02/94 FKDAT w MW<MT ,IW cOHTAfclir atwvicE VESSEL VOYAGE SINGAPORE PORT KLANG PENANG SINGAPORE VIGOUR PACIFIC 9405N 28/01/94 30/01/94 31/01/94 PENANG JAYA 829 31/01/94 01/02/94
      218 words
    • 173 48 TITIMAS SHIPPING U TRADING SDN. BHD. TmMAtf. KELAMG «H>*****56 (H/Lm«) Fax: 03-3M0253 lis: MA SMIS TIMTA VESSELS VOY P KLANG POWT Of DESTINATION SCITRA VH 20/1/94 KUCHtNG/SIBU HUA KONG SATU 1/94 KJUjgg MILLION HI 1/94 22/1/9* LABUAN/SANOAKAN SENG LEONG 2/94 25/1/94 KUCHINQ/StBU 0J PINESEAS MARITIME VESSEL VOY SPORE PKLO K.K
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    • 156 48 REGULAR FCL SVS TO: VESSEL JIN AN; JIN JIN; JIN NING PORT :YICHANG; SHASHI; WUHU; NANJIANG VESSEL :JI QING; Jl RONG PORT :CHENLIANJI; ZHENJIANG; HANK Oil VESSEL :Jl XIANG; Jl PING PORT JIANYIN; HUANGSHI; CHENGJIANG VESSEL :Jl CHANG PORT JIUJIANG; NANTONG; ANQING; SHANGHAI LBflJ WORLD AGENCIES Kill PTE LTD iiWl
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    • 202 48 I JLcosco" UKC CONVENTIONAL SERVICE VESSEL PKL PNG P.O. LOADING FOR: A VESSEL 28/01 Rotterdam/Antwerp CHINA CONVENTIONAL SERVICE VIWU VVWT I VWWb T VESSEL PKL PNG P.G. LOADING TOR: A VESSEL 15/12 20/12 Huangpu/Guangzhou COSCO FULL CONTAINER SERVICES (FCL/FCL) EXPORT TO: CHINA/BANGKOK/HONGKONG EUROPE/CONTINENTAL WEST MEOnERRANEAN AUSTRALIA US WEST COAST PERSIAN
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  • Page 48 Miscellaneous
    • 718 48 TODAY'S TIDES (hafht in metres) > HOUR 0000 0100 0200 0300 0400 0500 0600 0700 OSOO 0900 1000 1100 1200 1300 1400 1500 ItOO 1700 ItOO 1900 2000 2100 2200 2301 II 1.9 1.7 1.5 1.4 1.4 1.5 1.7 2.1 2.5 2J 2J 2.7 2J 1.9 1.4 1.1 0.1 0.6
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  • Page 49 Advertisements
    • 1002 49 4 HYUNDAI I MERCHAWTM ARINECO.LTD. WESTBOUND TO EUROPE BKG: *****61 VESSELS VOY Pitt PKE PGP VESSELS VOY SH RTM ANT* lEH* HAM Bttj FEI HMM ADVANCE 036 A 24/01 25/01 27/01 NOB FRBOURE 309* 31/01 11/02 11/02 19/02 20/02 20/02 22/02 NO* MALACCA 9405 A 31/01 01/02 03/02 H. CHALLENGER
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    • 474 49 STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS MMHIHD VESSILS RSKL W SP n UK U COSNK HMUI IM 27/1 M l UUU 113 l/I J/2 KM9M IM ■fT SMtl m SU ■PT CUM TBAMR IM 1/1 ttUH MM Ml 1/2 mua »i its u/2 OUTBOUND VESSELS LOAPWC FOR
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    • 903 49 [itssa I VOY SM ETA/D LAX |OAK ICM PAL MEM/COL HOU [NYC [NOR HPOY HUOSON BRBGE 72A 27-21/01 13/02 15/02 10/02 17/02 17/02 18/02 11/02 19/02 ALLIGATOR TTHJMPH 52A 03-04/02 20/02 22/02 23/02 24/02 24/02 25/02 25/02 20/02 MACKMAC BRPCE 74A 10-11/02 27/02 01/03 02/03 03/03 03/03 04/03 04/03 05/03
      903 words