The Business Times, 5 January 1995

Total Pages: 44
1 44 The Business Times
  • 11 1 Business Times WEKSOWASU MITA(P) 194/12/94 Thursday Januarv 5 1995 75 c
    11 words
  • 2 am LATEST
    • 71 1 Reuter NEW YORK Blue-chip stocks dipped yesterday as investors looked for clues on the direction of the economy in the new year. The Dow Jones Industrial Average was ofT 4.38 points at 3,834.10 at Ipm EST after closing four points higher on Tuesday. In the broader
      Reuter  -  71 words
    • 34 1 Reuter WASHINGTON US Trade Representative Mickey Kantor said the Mexican currency crisis would not lead to slower implementation of the North American Free Trade Agreement's enlargement. Reuter
      Reuter  -  34 words
  • 163 1 Stock market indices Wednesday Change STII 2,244.14 -2.11 KLSEComp 957.81 -11.89 Nikkei 19,684.04 -39.02 Hang Seng 7,887.01 +42.87 SET Index 1,360.63 +6.48 Jakarta Comp 474.49 +2.10 CLSA China B 905.02 -4.32 Aust All Ord 1,886.2 -18.7 FTSE 100 3,052.0 -14.1 Wednesday Previous lpm EST close Dow Jones 3,834.10
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  • 479 1  -  By Lilian Ang SINGAPORE A huge property redevelopment project which could rival the Hong Leong group's Republic Plaza in size and prestige is being planned for the Robinson Road area. Listed Tuan Sing Holdings which recently bought International Factors Building at a record
    Compiled by BT  -  479 words
  • 547 1  -  By William Chia SINGAPORE The Jakarta Stock Exchange chalked up a 10.86 per cent increase in market capitalisation to 108.42 trillion rupiah (5571.98 billion) last year up from 97.80 trillion rupiah in 1993, a Business Times survey shows. Like
    547 words
  • 205 1 SINGAPORE Regional stock markets put up another unimpressive performance yesterday. with prices closing mixed in subdued trading. In Singapore, The Straits Times Industrials Index closed 2.11 points lower at 2,244.14. The loss would have been worse if not for late buying of
    Source: Bridge Info  -  205 words
  • 176 1 SINGAPORE Trading in Jardine Matheson and Jardine Strategic shares perked up yesterday after Tuesday's quiet debut. Jardine Matheson jumped 7.85 per cent or 55 US cents to U557.55 on turnover of 541.2(X) units. Jardine Strategic gained 12 US cents to US$3.4B with
    176 words
  • 490 1  -  From Catherine Ong SINGAPORE Prime Minister Goh Chok Tong yesterday received a personal assurance from his Indian counterpart that India's economic reforms would be "irreversible" despite the ruling party's recent electoral setbacks. Prime Minister P V Narasimha Rao assured Mr Goh that
    490 words
  • 283 1  -  By Paul Leo SINGAPORE The local dollar ended slightly weaker at $1.4547 against the US dollar yesterday, down 12 basis points from its record closing of $1.4535 the previous day. Dealers expect the local currency to consolidate and then weaken further,
    283 words
  • Page 1 Advertisements
    • 78 1 I w Kti jjns when it pours I CONTENTS News Analysis 15 i pore News 2 Companies Regional News .3.4.6 Spore M'sia 17.18 World News 7.8 Financial 20.21 Features Markets Law 11 ciob/iaSE. S£S 2426 Technology 10 Currencies 21 Sports 9 Regional .22.23 IV/Lifestyle 13 Simex Commo 21 Subscription Tel
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    • 5 1 I*— m I m*mm» m
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    • 21 1 xsbl*. Outlook for commercial and industrial space. Pg 2 Full list of top KM) companies. Pg 18 Regional markets. Pg 22-26
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    • 102 1 V»» < i hft ft« #< ftMgi Thai MPs pass democracy package by overwhelming margin, Pg 3 x EmL 4'- *»—B» v'. r -|g -y jf i *S i ta. 11V I rB»:;f ;i <v -.ft. 4 4j»?- sfl Bj|jH* H The Solis Master 4000 De Luxe from Switzerland, serves
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    • 29 1 t U N E T J_t_j^ Editorial: India's liberalisation continues, Pg 14 First Europe-Asia summit should be in S'pore, Back Pg S'pore gets star treatment at conference, Back Pg
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  • SINGAPORE NEWS
    • EYE on the ECONOMY
      • 259 2  -  By Claire Leow THE electronics sector posted a 12 per cent rise in investment in fixed assets last year to a record $1.49 billion. The Economic Development Board says this will create 8,600 jobs and have a gross value-added effect of $1.9 billion. Gross val-ue-added
        Source: EDB  -  259 words
    • 359 2 DBS Bank sees economic growth moderating to 8.5-9 per cent this year, with inflation easing to 3 per cent. Growth will come from a higher base after the jump of 10 per cent in 1994, the bank says in its latest Investment Digest.
      359 words
    • 480 2  -  By Chuang Peck Ming THE Singapore International Chamber of Commeree has ealled on the government to eut corporate tax of 27 per cent by at least two points this year. Speaking to the Rotary Club yesterday, its executive director, Graham Hayward, said the
      480 words
    • 609 2  -  Trends in commercial, industrial real estate Reports by Chew Farn Chyi THE OUTLOOK for the commcrcial and industrial property sectors was positive, the managing director of property firm DTZ Debenham International. Amos Koh, said yesterday. He told an
      609 words
    • 588 2 ASIA-PACIFIC countries excluding Japan would spend at least USS3.S trillion (SSS trillion) on infrastructure in the next 10 years, an international banker said yesterday. George Lee. of Credit Suisse, told a seminar conducted by Ernst Young that the World Bank's estimate
      588 words
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    • 82 2 For Home or Office deliveries of: Straits Times. Sunday Times, Business Times, LianHe Zaoßao, Berita Harian, Bent a Minggu, Shin Min, LianHe Wanßao call our Hotline 1800-749-2577. i WHW WKsniairi Seeking Joint Promoter for Investment or Technology transfer to India in any of the following fields: Real Cstate, Hotel and
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    • 202 2 /HOW TO STAY TRIM IN BUSINESS BY CUTTING CORNERS These days, lo stay successful in business, one has to be highly competitive.That means having the right image, up- to- dale office equipment and full time experienced staff: yet keeping low overheads. Here at World Wide Business Centre Pte Lid. we
      202 words

  • SOUTH-EAST ASIA
    • 478 3  -  Constitutional revamp wins overwhelming support, raises concerns for Foreign Minister Thaksin From Loh Hui Yin Yang Razali Kassim in SINGAPORE THE Thai parliament yesterday overwhelmingly passed a set of constitutional amendments designed to strengthen democracy in Thailand. A joint session of the elected 360-member House
      Photo by Chris Loh  -  478 words
    • 373 3  -  From Al Labita in MANILA THE Philippines, with its resurgent economy, is now in better shape and is no longer the "sick man of Asia," President Fidel Ramos said yesterday. He said the government was aiming for a 6.5 per cent
      373 words
    • 413 3  -  From Ruth Wong in KUALA LUMPUR BRITISH Chancellor of the Exchequer Kenneth Clarke said yesterday he was glad that differences between Malaysia and Britain had been cleared up but that Malaysia had to be more open to pave the way for
      413 words
    • 105 3 Bernama PULAU PINANG A Domestic Investment Fund of MSI billion (SSS6O million) is to be set up by the Ministry of International Trade and Industry' (Miti) to promote domestic investment by reorganising and consolidating all existing funds and financial assistance programmes for
      Bernama  -  105 words
    • NOTE BOOK
      • 81 3 Bernama KUALA LUMPUR Arab-Malaysian Securities Sdn Bhd (AMS) yesterday denied any misappropriation on its part on the disappearance of Ms 2 million (S$ 1.1 million) of the Majlis Agama Islam Wilayah Persekutuan's trust fund intended for the purchase of Petronas Dagangan Bhd shares. AMS said yesterday it
        Bernama  -  81 words
      • 71 3 AFP KUALA LUMPUR Malaysian police yesterday began identifying taxi drivers who organised a one-day strike to protest against what they called shoddy treatment from employers and harassment from authorities. Thirty-five cab drivers who urged thousands of colleagues in metropolitan areas in central Selangor not to
        AFP  -  71 words
      • 55 3 AP JAKARTA Indonesia's foreign minister said yesterday that Portugal's "aggressive attitude" was stymying a solution to the dispute over East Timor. "They (Portugal) continue to pursue a very aggressive attitude that is not conducive to finding a comprehensive and internationally acceptable solution," Foreign Minister
        AP  -  55 words
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  • CHINA/HONGKONG/TAIWAN
    • CHINA WATCH
      • 124 4 AFP BEIJING China's agricultural sector is the weak link in the economy, with a lack of development and responsible for shortages fuelling inflation that is threatening the reform process, a report said yesterday. In a commentary, the People's Daily issued an urgent appeal for officials nationwide
        AFP  -  124 words
      • 109 4 Reuter BEIJING China said yesterday it made some headway last year in its fight against pollution but that many environmental problems remained to be solved. Officials discovered at least 3.000 environmental law violations in 10 provinces, the official Xinhua Daily Telegraph and the Economic
        Reuter  -  109 words
      • 101 4 AP BEIJING China is urging its people to refrain from buying pirated books, software and other products, an official report said yesterday. The State Copyright Administration called for a nationwide boycott of pirated products and said people should inform authorities about where these goods
        AP  -  101 words
      • 141 4 AFP HONGKONG The city of Guangzhou is bracing for a record 12 million travellers more than the population of Belgium when China celebrates its biggest annual holiday, a Hongkong press report said yesterday. The pro-Beijing la Kung Pao daily said the number of individual
        AFP  -  141 words
    • 245 4 AFP TAIPEI China has ordered three Kilo-class attack submarines from Russia in a move to rejuvenate its naval fleet, the United Daily News reported yesterday. The USS7SC million (551.09 billion) deal confirmed by nationalist naval authorities would be conducted in barter
      AFP  -  245 words
    • 400 4 Reuter TAIPEI Vice-premier Hsu Li-teh yesterday gave Taiwan's highest-level and dearest endorsement to a plan to allow direct shipping to China, challenging a decades-old ban. Mr Hsu, who also heads the nation's top economic planning body, told parliament that the southern port of
      Reuter  -  400 words
    • 45 4 AFP BEIJING Visitors at the Chinese Art Gallery in Beijing studying a sculpture by artist Shi Xiandong yesterday. The statue is a composite of a replica of an ancient Chinese terracotta soldier and a more contemporarj-looking robot. AFP
      AFP  -  45 words
    • 292 4 Reuter BEIJING China acccptcd partial blame yesterday for a series of overseas anti-dumping suits against its prolific shoeexport industry and called for curbs on chaotic cut-rate competition among far too many exporters. "There are too many firms for an international market whose capacity
      Reuter  -  292 words
    • 339 4 UPI BLUING An official watchdog organisation warned for-eign-funded advertising firms yesterday to comply with China's tough new advertising laws or face closure. But international agencies with Chinese partners adopted an optimistic stance, maintaining the new regulations are primarily aimed at bringing order to
      UPI  -  339 words
    • 314 4 Eastern Express HONGKONG The Hongkong tourism industry smashed all records last year to maintain its place as Hongkong's second biggest export earner, the Hong Kong Tourist Association reported yesterday. Addressing the Legislative Council's economics services panel, the association executive director. Amy
      Eastern Express  -  314 words
    • 466 4 Reuter HONGKONG The advertisement placed in newspapers across Asia offered a US$5OO,OOO (*****,650) reward and promised total confidentiality. "Payment will be honoured with complete discretion," it read, for accurate information about assets owned by one of China's large state-owned companies. British businessman
      Reuter  -  466 words
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  • Page 5 Advertisements
    • 239 5 YOUR PULSE STARTS TO RACE. YOUR RLOOD PRESSURE BEOINS TO RISE. YOUR PALMS BEOIN TO SWEAT. AND THAT'S JUST LOOKING AT HER. iMP"* I c $y«^|j£u From its aggressive-looking dropnose, The result? A ride quality that's excellent, and throughout its sensuously-curved body, A balance that's near perfect. And a driving
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  • REST OF ASIA
    • 523 6 Reuter SYDNEY Australia's current account deficit widened in November as strong domestic growth sucked in imports and exports slackened off. The seasonally adjusted deficit widened 28 per cent to As 2 billion (552.24 billion) from AS 1.56 billion in October, confirming that
      Reuter  -  523 words
    • 313 6 AFP MELBOURNE The Victorian state government yesterday denied reports it had offered to supply tenants for a proposed office building which at 500 metres high would be the world's tallest. But the government supported the skyscraper plan and would consider taking
      AFP  -  313 words
    • 294 6 AFP SEOUL South Korea's construction firms are enjoying windfall orders abroad at the start of the year, despite worries that their image had been tarnished by a rash of construction-related accidents here last year, they said yesterday. Dong-ah Construction Industrial Co
      AFP  -  294 words
    • 214 6 Bloomberg Business News NEW DELHI India's Textiles Minister, GVenkat Swamy, yesterday said agreements signed late last year to provide the US and European Union with greater market access will help Indian textile exports. He said textile exports were likely to
      Bloomberg Business News  -  214 words
    • 52 6 AFP NEW DELHI A shopkeeper pausing reflectively over his counter displaying Indian sewing machines and a television set on Monday in the Pahar Ganj district of the capital. Pahar Ganj is a shoppers' paradise frequented by foreign tourists who often stay in the area's low budget
      AFP  -  52 words
    • 352 6 Tokyo to continue to oppose US demands for numerical trade targets AFP TOKYO Japan and the United States have agreed to resume stalled talks on bilateral automotive trade in late January, International Trade and Industry Minister Ryutaro Hashimoto said yesterday. The announcement to
      AFP  -  352 words
    • 435 6 Bloomberg Business News TOKYO Some 26.75 million Japanese travelled during the New Year's holiday season, which ended yesterday, up 5.3 per cent from last year, according to an estimate by the Japan Travel Bureau (JTB), the nation's largest travel agency. What's more,
      Bloomberg Business News  -  435 words
    • 415 6 Reuter COLOMBO Pope John Paul's planned visit to Sri Lanka later this month helped spur the country's government and Tamil separatist rebels to reach agreement to cease hostilities, political analysts said yesterday. "The cessation of hostilities is being stepped up in
      Reuter  -  415 words
    • NOTES
      • 62 6 Reuter SEOUL A South Korean youth walking past a pile of appliances and rubbish which households have been secretly dumping at night in a bid to get around new laws on waste disposal in Seoul. "It's a garbage war," an official said as a
        Reuter  -  62 words
      • 73 6 Knight-Ridder SEOUL South Korea is looking into allowing imports of up to 225 kinds of agricultural goods from North Korea, according to press reports yesterday. The government is likely to strictly control the import of cheaper North Korean agricultural goods in order to
        Knight-Ridder  -  73 words
      • 80 6 AFP TOKYO Some 53 per cent of Japanese company presidents are predicting gains in sales and profits in the year starting this April, up from 41 per cent in a similar poll conducted last year, a Japanese daily said yesterday. The Mainichi Shimbun said in
        AFP  -  80 words
      • 91 6 AFP ISLAMABAD Islamabad police have arrested a former deputy speaker of the Pakistani national assembly and a close associate of opposition leader Nawaz Sharif, officials said yesterday. Nawaz Khokhar, who is a member of the lower house of parliament, was taken into custody late
        AFP  -  91 words
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      202 words

  • THE WORLD
    • 466 7 AP WASHINGTON The Senate Banking Committee, on its last day under Democratic control, concluded on Tuesday that no laws were broken when the White House discussed Whitewater with officials investigating the role of the President and First Lady. But
      AP; Reuter  -  466 words
    • 170 7 Reuter WARSAW Poland's decision to slice four zeroes off its zloty currency from Jan I has signalled that policymakers are sure the country has passed the point of no return in its fight against inflation. The redenomination of the currency, which cut the average monthly
      Reuter  -  170 words
    • 346 7 Bloomberg Business News NEW YORK Many executives at fast-growing companies say the US economy is strong enough to keep growing even though prices, wages and interest rates are expected to rise in the first quarter of 1995, a survey of chief executives showed. Of
      Bloomberg Business News  -  346 words
    • 188 7 AFP SANTIAGO Chile's National Energy Commission said on Tuesday that it would not buy a Candu nuclear reactor from Canada to supply energy to the northern regions of the country. The commission said Chile could meet its needs with less expensive forms
      AFP  -  188 words
    • 283 7 AFP WASHINGTON The Treasury Department predicted on Tuesday that the US trade deficit will worsen in 1995, but at a slower pace than last year because the world economy was improving. The global economy, which is recovering from
      AFP  -  283 words
    • 355 7 AFP MOSCOW Almost unnoticed amid the din of the war in the rebel republic of Chechnya, Russia's poor yearend economic results have raised fears of a tough year ahead for economic stabilisation and cast doubt on the future of reforms.
      AFP  -  355 words
    • 461 8 Reuter MEXICO CITY The package to rescue Mexico's battered peso currency has received widespread international support but some analysts fear it could lead to recession and social unrest as unemployment rises and wages fall. In a nationally televised speech delayed
      Reuter  -  461 words
    • 263 8 AP WASHINGTON Preparing to take command of the US Congress for the first time since the Eisenhower administration, Republicans pledged on Tuesday to take quick action to trim the size of government and alter the way lawmakers do business. "The American
      AP  -  263 words
    • 291 8 Bloomberg Business News MADRID The Bank of Spain yesterday raised its benchmark interest rate, the marginal rate on securities repurchase certificates, to 8 per cent from 7.35 per cent, in an effort to head off inflation and boost a sagging peseta. The central
      Bloomberg Business News  -  291 words
    • WORLD WATCH
      • 96 8 AFP LONDON The Armed Islamic Group (GIA), the most hardline of Algeria's Islamic fundamentalist groups, on Tuesday gave London an ultimatum to evacuate its embassy in Algiers by Saturday, the Foreign Office said. In Bonn, German officials said they had received a similar threat.
        AFP  -  96 words
      • 67 8 Reuter BUENOS AIRES Argentine annual inflation reached 3.9 per cent in 1994, just over half 1993's 7.4 per cent rise in the cost of living and the country's lowest since 1953, Economy Minister Domingo Cavallo said on Tuesday. Inflation rose 0.2 per cent in
        Reuter  -  67 words
      • 93 8 Reuter BONN Germans are leaving the church in growing numbers in order to cut their tax bills, Handelsblatt newspaper reported yesterday. Members of Protestant and Catholic churches are liable to church tax of around 9 per cent of their income tax bill, but
        Reuter  -  93 words
      • 62 8 Reuter MOSCOW A Russian nuclear power station near St Petersburg shut down one of its four reactors yesterday after a short-cir-cuit knocked out monitoring equipment. Itar-Tass news agency said. Tass quoted officials at the state nuclear inspectorate as saying the incident at the Sosnovy Bor
        Reuter  -  62 words
      • 70 8 Reuter READING, England A Canadian oil company was given the go-ahead yesterday for a controversial plan to drill for oil in the grounds of Queen Elizabeth's Windsor Castle. By a vote of nine to three, county councillors in the southern English county of
        Reuter  -  70 words
    • 375 8 AP WASHINGTON Work has been "essentially completed" on creating a financial pool to help poor countries with loans on easy terms, the International Monetary Fund announced. France on Tuesday lent US$l.l billion (SSI.6 billion) for the loans. The agreement was
      AP  -  375 words
    • 61 8 Reuter NAIROBI Aitong. a seven-week-old baby elephant found wounded after a stampede which probably killed her mother, is bottle-fed by a caretaker in the Orphan Animal Home here. The elephant, airlifted out of the Maasai Mara Game Park, will be cared for in the orphanage
      Reuter  -  61 words
    • 387 8 Bloomberg Business News NEW YORK In a defeat for shareholder activists with social agendas, a federal appeals court on Tuesday upheld the Securities and Exchange Commission's practice of not making companies include social proposals in company proxies. The ruling, by the US
      Bloomberg Business News  -  387 words
    • 319 8 Reuter HOUSTON Several US and overseas companies, including five German firms, have been added as defendants in a lawsuit by some Gulf War veterans seeking US$l billion (551.46 billion) in damages for alleged exposure to chemical weapons. Houston lawyer Francis
      Reuter  -  319 words
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  • SPORTS
    • 627 9 AP NEW YORK With consistent play and balanced scoring, the Utah Jazz and the Houston Rockets are waging the US National Basketball Association's tightest divisional battle. Utah held on to its halfgame lead over Houston with a 123-91 victory over Milwaukee,
      AP  -  627 words
    • 381 9 Reuter PERTH Boris Becker marked his first appearance for Germany in over two years with 15 aces as he steered his country into the semi-finals of the Hopman Cup yesterday. The world No 3 outclassed Austria's Horst Skoflf 6-3 6-4 in 70 minutes
      Reuter  -  381 words
    • 453 9 Reuter BEIJING Double world record holder Wang Junxia has walked out of Ma Junren's training camp along with 15 other elite Chinese women athletes because the coach has pocketed most of their prize money, the Beijing Youth Daily said yesterday.
      Reuter  -  453 words
    • 158 9 AFP GEORGE, South Africa South Africa's golden boy of golf, Ernie Els, will start favourite in the Bell's Cup that starts today at Fancourt golf club in this southern coastal town. But Els, ranked sixth in the world, will be pressed
      AFP  -  158 words
    • 620 9 AFP SYDNEY Mark Taylor and Michael Slater posted their fourth century opening partnership as Australia confidently attacked the record total of 449 needed to beat England in the third test yesterday. Taylor and Slater made such good progress that England skipper
      AFP  -  620 words
    • 248 9 AP ADELAIDE Unseeded German teenager Hendrik Dreekmann surged into the quarterfinals of the U*****,500 (*****,400) Australian Hardcourt tennis championship with a straight sets victory yesterday over compatriot CarlUwe Steeb. Dreekmann, a quarterfinalist at last year's French Open, downed his left-handed compatriot 7-6 (7-2),
      AP  -  248 words
    • SIDELINES
      • 90 9 AP HARARE, Zimbabwe Sports authorities ruled yesterday that three black golfers were suspended from the Zimbabwe Professional Golfers' Association for cheating, not because of racism. The state Sports Commission rejected an appeal by Emmerson Chitakatira, Lewis Muridzo and Morgan Shumba of their suspension following an
        AP  -  90 words
      • 27 9 Reuter BRASILIA Brazil's soccer legend Pele embracing President Henrique Cardoso after being sworn in as the country's new sports minister on Tuesday. Reuter
        Reuter  -  27 words
      • 96 9 AFP NEW DELHI India's batting genius Sachin Tendulkar has overtaken record-holder Brian Lara in the race for the world's best batsman, according to the latest computer ratings published yesterday. The 21-year-old topped the batsmen's list with 814 points, followed by Pakistani captain Salim Malik (764), West
        AFP  -  96 words
      • 96 9 Reuter LONDON British runner Diane Modahl, banned from athletics for four years following a positive drugs test, has formally appealed against the decision. Modahl, the 1990 Commonwealth 800 metres champion, tested positive for excessive levels of testosterone at a meeting in Lisbon on June 18.
        Reuter  -  96 words
    • SCORE CARD
      • Article, Illustration
        49 9 AFP WASHINGTON NBA games on Tuesday: New Jersey 114. Indiana 103: Seattle 121. Washington 107; Portland 103. Atlanta 98: Phoenix 108. Sacramento 100: Houston 110. Dallas 98; Denver 108. Minnesota 99 (20T); Utah 123. Milwaukee 91; LA Lakers 105. Detroit 96; San Antonio 91. Golden State 86 AFP
        AFP  -  49 words
      • Article, Illustration
        128 9 AFP OUARZAZATE, Morocco Third stage of the Dakar rally from Er Rachidi on Tuesday Cars: 1 Ari Vatancn-Picard (Fin/Fra) Citroen 4hr 17min 46see 2 Bruno Saby-Sericys (Frac) Mitsubishi at Bmin 32sec 3 Pierre Lartigue-Pcrin (Fra) Citroen 9:21 4 Timo SalonenGallagher (Fin/Brit) Citroen 11:43 5 Kcnjiro ShinozukaMagnc (Jpn/Fra) Mitsubishi 25:51.
        AFP  -  128 words
      • Article, Illustration
        174 9 Reuter AP AFP ADELAIDE Results of Australian men's hardcourt championship yesterday. 2nd nl: Patrick Rafter (Aust) bt Jamie Morgan (Aust) 7-6 (7-2) 6-3 Hendrik Drcckmann (Ger) bt Carl Uwc Steeb (Ger) 7-6 (7-2) 3-6 6-2 Arnaud Boetsch (Fra) bt Renzo Furlan (Ita) 6-3 7-5. PERTH Results of fifth day
        Reuter; AP; AFP  -  174 words
    • 271 9 AFP AP HONGKONG The first week of this year saw two world records of sorts being set both coincidcntally in or near Hongkong. On Monday, South Korean woman Sonya Osugi joined an elite band of golfers to score two holes in one in a
      AFP; AP; Reuter  -  271 words

  • INNOVATION & TECHNOLOGY
    • 1063 10  -  Shift of focus to Asia points to maturing markets in US and Europe. Juliette Walker reports Juliette Walker INVESTMENT in biotechnology like the industry's products themselves has been slow to materialise, but foreign interest in the local and regional biotech market
      Photo by Chris Loh  -  1,063 words
    • IT TAKES
      • 72 10 AP BOSTON Doctors are inserting cloth-covered mesh tubes into the body to repair weak spots in the aorta, the body's main blood vessel, without major surgery. The approach, developed at Stanford University, allows patients to recover much more quickly. However, it is still
        AP  -  72 words
      • 94 10 AP TOKYO The two developers of compact discs announced on Friday a set of proposed specifications for a new multimedia CD capable of holding a full-length feature movie. Japan's Sony Corp and Philips Electronics of the Netherlands said the new type of CD would
        AP  -  94 words
      • 93 10 Reuter TOKYO Matsushita Electric Industrial Co Ltd said it has made a breakthrough in developing denser circuitry which will allow the manufacture of smaller portable phones, camcorders, computers and other electronic goods. Company officials told a news conference that Matsushita had registered or applied for 32
        Reuter  -  93 words
      • 95 10 Reuter WASHINGTON A new drug-dispensing device implanted into the eyeball can help prevent blindness in Aids patients and may lead to new ways of treating other eye and brain diseases, scientists said yesterday. About one in four Aids patients suffer the sight-robbing disease
        Reuter  -  95 words
      • 53 10 Bloomberg Business News WASHINGTON A plastic industry research group has unveiled a hi-tech, computerised bottle sorter for recycling plants. The new machine is similar to the checkout scanner at the grocery store and promises to speed up the laborious process of separating plastic refuse.
        Bloomberg Business News  -  53 words
    • 679 10  -  But its UK maker, Courtaulds, has to win a patents battle first, reports Paul Harris Paul Harris Reuter AN innovative fibre produced by a British chemicals firm could be set for sales growth reminiscent of 1980s wonder-product Lycra, which revolutionised
      Reuter  -  679 words
    • 800 10  -  Historians are stunned by secret government plans to flood ancient murals in Portugal for a dam, writes Marlise Simons Marlise Simons NYT ALONG the banks of the Coa River in northern Portugal, in a spot where only shepherds' paths tell of the presence of
      NYT  -  800 words
  • Page 10 Advertisements
    • 642 10 IA Must For All Investors!] No Other Book Has AllThesei L l[i THOMSON INFORMATION (SE ASIA) MPH BOOKSTORES TIMES THE BOOKSHOP Klnokuniya Bookstores MARUZEN Stamford Rod Centrepotni Isetan SooQs Takashunayi Robinson Road Pangcn Centrepotni Liang Court gsgsr l(>I I. I Ki:i;n:i N<>. 1-800-741-1883 rAX74t-1296 IN THE MATTES Of THE COMPANIES
      642 words

  • THE LAW PAGE
    • 1357 11  -  Singapore has the mechanism in place to ensure that only fair awards are enforced, reports Chew Farn Chyi Chew Farn Chyi Arbitration by Chinese courts has become increasingly common these days, so much so that where a foreign company is incorporated can make a
      Dollars and Nonsense  -  1,357 words
    • 447 11  -  AT THE BAR *jl By Chew Farn Chyi AS many as 10 or more English law firms have set up in Hongkong iSince the early 1980s, all seeking the elusive pot of gold at •the end of the Chinese rain«bow. Certainly,
      447 words
  • Page 11 Advertisements
    • 58 11 The EJSajtwe Housekeeper fe hotel 1 n "1 wants 6 me. But 331 never I the House* J 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
      58 words
    • 93 11 Factory/warehouse/office at Ang Mo Kio Industrial Park 2 HRf i Building Permit no: 4227/84 A rare opportunity to Prime location own a corporate Close proximity to canteen building for your and mrt factory/warehousing Easily accessible via CTE and office needs• Ample carparking Part 3/part 4 storey building Viewing strictly by
      93 words

  • Page 12 Advertisements
    • 1154 12 NmUHIMSBCffIfcS ABlldL Hfffilfl WHERE T0 WINE DINE and entertain or f® The Management 6taff oftJ Salvatore" Y jfl wr#I PASTA FRESCA DA SALWJORE PTE LTD •30 Boat day, SC01O4) (Open 94 housl let 532 (SB3/533 3810 mm I 1k833 Id, #01-02*335(1097). Tefc 469 499QM6f***** H] f 350 Orctwd Id Slaw
      1,154 words

  • LIFESTYLE
    • 887 13  -  Robert Hilburn discovers the true artist in country singer-songwriter Lyle Lovett Robert Hilburn AP A JOGGER passing by the Four Seasons Hotel in Boston walks over to the front of a tour bus where a photographer has set up his equipment. He sees a
      AP  -  887 words
    • 282 13 NYT 'r% i LF FICTION, the exuinnovatively M. structured crime drama directed by Quentin Tarantino, was named the best film of 1994 by the National Society of Film Critics on Tuesday. Voting at the Algonquin Hotel, the 42-member group also cited Tarantino
      NYT  -  282 words
    • 232 13 CHATTERBOX AP AP UPI PRINCE CHARLES' private secretary pooh-poohed reports that the heir to the throne snubbed the Duchess of York. The British news agency Press Association said the prince's estranged sister-in-law, the former Sarah Ferguson, remained at a separate table at a restaurant on
      AP; UPI  -  232 words
  • Page 13 Advertisements
    • 356 13 WHERE TO WINE, DINE AND ENTERTAIN Qlde English Eating House 277 Orchard Rd #02-38 Specialists' Centre S (0923) §|B A When you spend $25/- or more at Fosters for lunch j H or afternoon tea from Mon-Sat, show us your valid daily or monthly CBD pass $2/- will be refunded.
      356 words
  • Page 13 Miscellaneous
    • 1083 13 TV RADIO Sidekicks, 8.30pm, tale about an high schooler teams Wr idol, Chuek Norris. He ac- I quires a spiritual adviser (Maworried. Norris. playing himself, spoofs his own maeho SIHJHMBSfIr HR^ image in this 1993 effort. iR^C Mafia Marriage, 9pm, TV 2 Part I of a four-hour mini-se- J* y
      1,083 words

  • 524 14 EDITORIAL LAST WEEKEND, India took two very visible steps in economic liberalisation that will lend credibility to its claim that, election results notwithstanding, it is serious about opening up to the world. It signed landmark agreements with both the United States and the European Union to gradually
    524 words
  • WHAT THE OTHERS SAY
    • 283 14 WILL President Boris Yeltsin's political career be buried under the rubble of Grozny, the capital of breakaway Chechnya that the Russian forces have been pounding to no avail? If so, it will be a major setback for a Russia that does not seem to have an
      283 words
    • 166 14 WHEN Gatt closed its chapter last year and the World Trade Organisation (WTO) begins its mission this year, international trade seems to be in a state of uncertainty. China and the US are coming closer to a bitter trade war over the issue of
      166 words
    • 198 14 SENIOR MINISTER Lee Kuan Yew has pointed out that Japan should come out in a straightforward manner about its war of aggression and make public the facts of history to its people instead of being ambiguous about it. Otherwise, despite the passing of 50
      198 words
    • 112 14 BEIJING'S decision to start 1995 with a rise in the discount rate is a welcome indication that the authorities intend to keep nudging China towards the kind of monetary discipline that should limit inflation and provide the basis for sustainable economic expansion. The People's Bank of
      112 words
    • 80 14 AN EXTREMELY long dry season, several natural disasters and the explosion of the US$45O million loan scandal at the state-owned Bank Bapindo notwithstanding. the Indonesian economy last year proved to be performing better than most projections. Looking ahead, the economy seems to be in for
      80 words
  • 947 14  -  Leon Hadar reports on a new study which recommends that Washington abandon 'aggressive unilateralism' for 'aggressive multilateralism' in trade issues Leon Hadar The writer is BT's Washington Correspondent AS THE Clinton administration and the Re-publican-controlled Congress consider Washington's new trade agenda, a leading
    947 words
  • Page 14 Advertisements
    • 44 14 Spotlights: Pan-United Corporation, Country Heights GET IT NOW Available at Newsstands Times the Bookshop NTUC Supermarkets Guardian Pharmacy 7-Eleven STOP PRESS kiosks Browse Buy at post offices Shell Esso Caltex m 5S^ Mobil SPC BP. Published by Times Periodicals, member of Singapore Press Holdings
      44 words
  • Page 14 Miscellaneous
    • 141 14 URDTG C\ OBVIOUSLY U>OND€J?,UG Tee.Mee.'TfeeHee.' AND j ,rq^^cTQNMG^ o CMRPS jjpjl C£f\SH w rSk IDe lT 3 POONESBURY GARRY TRUDEAU letters letters except thatsright, rFstime for wThappymmike l from I Wtt'YOU PURJNG OUR ANNUAL REAPERS' I 6.K. IN MINNEAPOLIS COMES I I ZDNKER, M WITCHEP UmEEM TWS MAIL3A6.' ZONKER, WHY
      141 words

  • ANALYSIS
    • 1441 15  -  Hopes of reform were dashed by the fall of Morihiro Hosokawa. James Sterngold finds that has left bureaucrats happily entrenched, especially as the new government has managed to reassure ordinary Japanese that overall living standards are improving. So it's... James Sterngold NYT TO
      NYT  -  1,441 words
    • 1338 15  -  A new World Bank study highlights the urgent need to develop domestic bond markets to satisfy the region's enormous financing needs. Anthony Rowley reports Anthony Rowley The writer is BT's Tokyo Correspondent DEBT markets appear to be destined
      1,338 words
  • Page 15 Advertisements

  • 323 16  -  Confederation of Indian Industries summit Reports from Catherine Ong in CALCUTTA THE World Economic Forum favours Singapore as host of the first summit between East Asian and European heads of government, if possible by next year, WEF president Klaus Schwab said
    323 words
  • 571 16 ONCE a thriving centre for Anglo-Saxon entrepreneurship, Calcutta is today looking to other former British colonies like Singapore to be its partners in India's new economic revolution to lift the country out of Third World poverty. Some 1,100 delegates from over 40 countries have
    Reuter  -  571 words
  • 286 16 Malaysia to widen company levy to beef up workers 9 training fund AFP MBT KUALA LUMPUR Malaysia is to widen a company levy to bolster a national fund for upgrading worker-skills due to concerns that a growing shortage of skilled labour may retard future growth. Human Resources Minister Lim Ah
    AFP; MBT  -  286 words
  • 354 16 Reuter CALCUTTA Indian Prime Minister PV Narasimha Rao staunchly defended his freemarket economic policies yesterday, saying he had not sold off the nation's interests to foreigners and would pursue more reforms. Mr Rao. facing unrest from his Congress Party before state polls next
    Reuter  -  354 words
  • 199 16 Reuter BEIJING China may raise interest rates again after the central bank used the rate for the first time as a lever to control money supply when it increased the discount rate on Jan I, the Xinhua News Agency said
    Reuter  -  199 words
  • 736 16  -  The Bottom Line PAUL ROBERTS PAUL ROBERTS The writer is chairman of the H ashington-based Institute for Political Economy. Reproduced from Business Week International by special permission. Copyrighted by McGraw-Hill, Inc. All rights reserved. THE Newt Gingrich era is destined to be
    736 words
  • 163 16 AFP TOKYO Japan wants to develop a "highly mobile" defence force over the next five years to face up to the uncertainties in the world created by the end of the Cold War. Defence Agency head Tokuichiro Tamazawa was reported
    AFP  -  163 words
  • 295 16 Bloomberg Business News WASHINGTON US construction spending posted an unexpected gain in November as unusually warm weather covered much of the nation, Commerce Department figures showed yesterday. November's 0.7 per cent gain was led by the largest increase in housing and commercial construction
    Bloomberg Business News  -  295 words
  • 380 16 Reuter WASHINGTON The incoming Speaker of the House of Representatives said yesterday it was "disreputable" for a US television network to air an interview in which his mother said he thinks First Lady Hillary Rodham Clinton is a "*****". Republican Congressman
    Reuter  -  380 words
  • Page 16 Advertisements

  • COMPANIES & MARKETS
    • 477 17 First time figure breached since launch 10 years ago MBT KUALA LUMPUR Domestic sales of the Proton look set to exceed the 100,000 mark for the first time since the national car was launched in 1985, according to preliminary projections. Edaran Otomobil Nasional
      MBT  -  477 words
    • 239 17 SINGAPORE A unit of Singapore Aerospace (SAe) has clinched two contracts worth $8 million to modify and maintain three Boeing 747 aircraft. SAe said yesterday that Singapore Aviation Services Company (Sasco) would work on two planes operated by South African Airways
      239 words
    • 351 17  -  By Rahita Elias SINGAPORE National carrier Singapore Airlines plans to form more joint ventures in the airline and related businesses at home and abroad. SIA chairman J Y Pillay unveiled the plans in his New Year message published in SlA's
      351 words
    • 762 17  -  HOCK LOCK SIEW By Lee Han Shih SINGAPORE The half-way mark has passed. Fewer than six months remain before the expiry of beverage maker Yeo Hiap Seng's agreement to bottle PepsiCola. What is to happen? YHS has been the local Pepsi bottler for
      762 words
    • 223 17 KUALA LUMPUR The Kuala Lumpur Stock Exchange (KLSE) and the London Stock Exchange (LSE) have yesterday signed a memorandum of understanding (MOU) to facilitate the development of communication channels between the two exchanges. The MOU, which is also expected to foster a
      MBT  -  223 words
    • 239 17 SINGAPORE Listed Sembawang Maritime Ltd has purchased two new tugs from China, at a total cost of $9 million. SML president Billy Lee said yesterday the firm planned to buy another three tugs. Negotiations for this order are in the final stages, and
      239 words
    • EYE on your STOCKS
      • Article, Illustration
        48 17 Mixed Market Mood' indicates the likely trading sentiment today, based on brokers polled at 5-6pm yesterday. Overnight events may alter sentiment. Brokers polled: Alliance. Baring. Daiwa. Fraser. G K (Joh. Kay Hian. Morgan Grenfell. OngCo. Nomura. Phillip, Smith New Court. WI Carr and S G Warburg.
        48 words
      • Article, Illustration
        99 17  -  -By Paul Leo CSA Holdings closed at $1.00 yesterday, 43 per cent down from its all-time high of $1.75 reached last January. Technical factors are bullish at this point. Weekly Relative Strength Index is below 25, indicating an oversold situation. And there is a divergence pattern on the
        99 words
    • COMPANIES
      • COMPANY BRIEFS
        • 88 18 SINGAPORE Pertama Holdings Ltd (PHL) said it had acquired the entire issued capital of S Marina Sales and Service Sdn Bhd by buying two ordinary shares of M$ 1 each on Nov 30, last year. PHL will raise S Marina's issued and paid-up capital to
          88 words
        • 34 18 SINGAPORE Singapore Computer Systems has taken a 30 per cent stake in Ayala Systems Technology Inc, in which Japan's Mitsubishi Corp holds a minority stake of 3 per cent.
          34 words
        • 71 18 Bernama KUALA LUMPUR Construction and Supplies House Bhd (CASH) has completed a restructuring of associate companies Cash Complexes Sdn Bhd and Cash Hotel Sdn Bhd. Both had made substantial losses, and Cash Hotel, which operates the Casuarina Hotel in Ipoh, was under receivership. The exercise
          Bernama  -  71 words
        • 60 18 SINGAPORE Creative Labs is offering a sneak preview of its new Macintosh-based video conferencing desktop system at this year's Mac World Exposition from Jan 4-7 in San Francisco. The Share Vision Mac3oo makes Creative the first to provide crossplatform connectivity.between Macintosh and PC-based computers over regular
          60 words
        • 73 18 Reuter MANILA The Philippine Securities and Exchange Commission has approved the additional listing of 53.5 million Keppel Philippine Shipyard Inc (Kepphil) shares. The SEC said common shares in the subsidiary of Singapore's Keppel Corp would be listed at a par value of 10 pesos
          Reuter  -  73 words
      • 929 18 M— wmt' prteM Jan 5 US Gr Fund 0.94 0.97** Singapore Unit Trust UOB Asset Mgt Ltd The Commerce 1.(3 1.72 Unifund 1.40 I46xd The Savings Fund 1.59 1.68 (Jnibond 1.02 l.045xd Spore Prog Fund 0.60 0.64 United Gr Fund' 1.68 I 75*d S pore Sec Fund 0.95 1.01 United
        929 words
      • 1162 18  -  By William Chia SINGAPORE Market capitalisation of most listed companies on the Jakarta Stock Exchange remained flat last year, confirming that it was the new listings which helped to boost the exchange's market value in 1994. Only the consumer and mining sectors
        1,162 words
      • 404 18 MBT KUALA LUMPUR AIMB, on behalf of PSC Industries Bhd (formerly known as Sedap Food Confectionery Bhd), has announced the start of a project to develop 35 hectares of land in Beijing city centre with Beijing City Urban and Rural
        MBT  -  404 words
      • 291 18 MBT KUALA LUMPUR TRI Cellular Communications Cambodian Co (Tricelcam), a joint venture between Technology Resources Industries Sdn Bhd (TRI) and the Cambodian government, plans to expand its cellular phone services in Cambodia. The company has been operating a cellular phone network
        MBT  -  291 words
      • 295 18 Bernama KUALA LUMPUR The Kamunting-Multi Purpose Group has merged two internal audit departments to improve productivity following its recent restructuring. Since Jan 1. the two departments have been reorganised under Multi Purpose Holdings Bhd (MPHB). MPHB chief executive T K Lim said in
        Bernama  -  295 words
      • 247 18 Bernama KUALA TERENGGANU Gadek Bhd will head a consortium of 10 leading companies in Malaysia to develop Kenyir lake into a tourist attraction. Gadek chairman Yahya Ahmad said the consortium members, all listed on the Kuala Lumpur Stock Exchange, had agreed to contribute
        Bernama  -  247 words
      • 596 19 Bloomberg Business News SEATTLE Nintendo Co Ltd and GTE Corp have formed a joint venture to develop new Nintendo video games and distribute them to homes via GTE's phone lines by the end of the year. The partnership between the world's
        Bloomberg Business News  -  596 words
      • 455 19 Bloomberg Business News TOKYO NEC Corp will set up a joint-venture company in China to make and sell personal computers ip the giant nation, NEC said yesterday. NEC is negotiating the final details of the joint venture with Changjiang
        Bloomberg Business News  -  455 words
      • 639 19 Deal will land conglomerate USs4oom tax break AP NEW YORK Viacom Inc, the New York-based entertainment and media conglomerate, intends to sell its cable television systems for more than US$2 billion (552.92 billion) to a minority-controlled enterprise under a programme that
        AP  -  639 words
      • 662 19 FT LONDON Maurice Saatchi, the deposed chairman of Saatchi Saatchi, told his staff in an emotional valedictory memo on Tuesday that the company has plunged into "a period of uncertainty and instability". But for the man who led the shareholder revolt
        FT  -  662 words
      • 229 19 Bloomberg Business News REDMOND, Washington Nintendo Co said six million copies of its new Donkey Kong Country video game were sold worldwide in the last six weeks of 1994, amounting to about US$4OO million (*****.3 million) in retail sales. The game
        Bloomberg Business News  -  229 words
      • 413 19 NYT SAN FRANCISCO The long-heralded era of wireless computing drew a step closer yesterday when Motorola Corp introduced a version of Apple Computer's Newton hand-held computer that can transmit electronic mail using radio signals. The new machine, known as the Marco Wireless
        NYT  -  413 words
      • Article, Illustration
        46 19 Reuter TOKYO Colourful kimono-wearing Takae Moriya (left) talking with her relative as they watched New Year trading at the Tokyo Stock Exchange yesterday. Tokyo stocks closed a little lower in the morning. There was no afternoon trading in the year's first trading day. Reuter
        Reuter  -  46 words
      • COMPANY BRIEFS
        • 100 19 Bloomberg Business News HONGKONG CIM Co Ltd has sold an 8 per cent stake in publishing company Ming Pao Enterprise Corp Ltd, the Hongkong stock exchange said. CIM is the private holding company of former Ming Pao chairman Yu Pun Hoi, who resigned in
          Bloomberg Business News  -  100 words
        • 53 19 Reuter BURBANK, California Walt Disney Co said its Buena Vista distribution division became the first company to gross US$l billion (S$ 1.45 billion) at the box office in 1994. Films distributed by Buena Vista grossed US$l.OI billion between Jan 3, 1994, and Jan 2, 1995,
          Reuter  -  53 words
        • 102 19 Reuter HONGKONG Guoco Group Ltd said it would subscribe to 12.43 million new shares, or 30 per cent, of Guoman Hotel Resort Holdings Sdn Bhd for HK546.04 million (558.64 million). Guoman is part of Hong Leong Co (Malaysia) Bhd, a substantial shareholder in Guoco.
          Reuter  -  102 words
        • 57 19 AFP LOWELL. Massachusetts Wang Laboratories has signed an agreement with the French group Bull to buy several businesses, including two US-based companies. Under the agreement, the computer company will pay US$llO million (S$ 159.77 million) in cash. U5527.2 million in short-term notes and
          AFP  -  57 words
        • 74 19 AFP TOKYO Sega Enterprises Ltd of Japan has formed a joint venture in China to develop, produce and market games for Chinese video arcades, the Sihon Keizai Shimbttn said yesterday. Sega-Huahan Culture and Entertainment Ltd will be 80 per cent owned by Sega, and the remaining
          AFP  -  74 words
        • 42 19 Bloomberg Business News HERNDON, Virginia Legent Corp snagged high-profile AT&T Corp executive Jerre Stead as chairman and chief executive in a bid to bring marketing clout to its switch from selling mainframe software to pitching network programs. Bloomberg
          Bloomberg Business News  -  42 words
    • FINANCE & COMMODITIES
      • 331 20 Reuter NEW YORK Wall Street firm Salomon Bros Inc said on Tuesday that it would auction nearly US$l.5 billion (552.19 billion) in corporate securities from the bankrupt Orange County, California, investment portfolio this week. Orange County declared bankruptcy on Dec 6 after
        Reuter  -  331 words
      • 46 20 AFP LONDON A floor dealer wildly gesturing at the London International Financial Futures and Options Exchange on Tuesday, the first day of trading this year. After the New Year holidays trading at the exchange got off to a slow start. AFP
        AFP  -  46 words
      • 286 20 Reuter TOKYO Japan's yen bond market is likely to stay firm this year as the nation's economic recovery is expected to be moderate, but investors will focus on the volume of municipal issues and the risk of oversupply, market participants said. Benchmark
        Reuter  -  286 words
      • SMAL LCHANGE
        • 85 20 Reuter BEIJING The People's Bank of China set its interest rate subsidy for January at 9.84 per cent for deposits of three years and above, a record since the system was introduced in March 1994, an official said. The subsidy will be paid on
          Reuter  -  85 words
        • 71 20 Bloomberg Business News HONGKONG Hongkongßank sold HK.SSO million (559.3 million) in certificates of deposit yesterday, the first of at least five such financings for the territory's banks this month totalling about HK$5 billion. Through its treasury and capital markets unit HSBC Markets, Hongkongßank
          Bloomberg Business News  -  71 words
        • 73 20 Bloomberg Business News HONGKONG Salomon Brothers said it had appointed 11 directors and 10 vice-presidents in the Asia-Pacific region. The new directors are: Hyun Oh Cho (proprietary trading); Stephen Cuunjieng, Kee Young lm and Ajay Sondhi (investment banking); Andrew Harrington and Franklin Lam (research); Martin
          Bloomberg Business News  -  73 words
      • 117 20 Knight-Ridder CHICAGO The Chicago Mercantile Exchange put the official cap on a banner year on Tuesday, announcing record volume of 226.3 million contracts in 1994, up 54 per cent from the previous year. In addition, open interest soared to a record 6.93 million
        Knight-Ridder  -  117 words
      • 248 20 Bloomberg Business News BEIJING China will start allowing foreign banks to open commercial branches in Beijing later this year, a senior central bank ofTicial said. "I can't give you the month or the day, but it will happen this year," said Di
        Bloomberg Business News  -  248 words
      • 388 20 American investors look back and say: k I lost money' NYT NEW YORK For the millions of Americans who invest in mutual funds, 1994 feels like the punchline of a not-very-funny joke. How bad was it? It was so bad that money market funds one step
        NYT  -  388 words
      • 314 20 FT NEW YORK Chemical Banking, the third-biggest US bank, has lost USS7O million (SSIO2 million) on an unauthorised deal in the Mexican peso following the unexpected devaluation of the currency two weeks ago. The loss stems from a position in
        FT  -  314 words
      • 267 20 Bloomberg ENERGY REPORT LONDON Crude oil futures rose on concerns Algerian exports will be curtailed after insurgent fundamentalists warned the US, British and German governments to sever diplomatic ties with Algiers by Saturday. Futures prices were also lifted by supply disruptions at several North
        267 words
      • 186 20 Reuter LONDON The dollar rose against most leading currencies in early trade, bolstered by gains established in Far East trade, dealers said. Much of the dollar's strength came against the yen, and several dealers said the buying appeared to come from US hedge funds. "It sounds like
        Reuter  -  186 words
      • 84 20 AFP NEW YORK The dollar edged higher yesterday against the other major currencies as attention remained focused on the Mexican peso, which fell further against the greenback. Gold meanwhile fell USSI.9O from Tuesday's close to U*****.70 per ounce. At 1440 GMT, the dollar was trading at 1.5594 German
        AFP  -  84 words
      • Article, Illustration
        1526 20 Itmlt-x jA tilauxl afuin\l S'par\ I tip 14 iratiin* panntis Bum' lIW MS US$/S$ forward rates Noon Jan 4 s$ Bid Offer 1-month 1.4)01 ***** 2-monih ***** ***** i-month I 4464 1.4479 6-monlh 1 4408 1.4428 Source OCBC Source: OCBC FOREIGN CURRENCY NOTE RATES As at 9a« on Jan 4
        1,526 words
    • COMMODITIES & FUTURES
      • 1282 21 Bloomberg Business News LAUNCESTON, Australia Mining companies said they will spend A 511.2 million (5512.5 million) to reopen a mine that was Tasmania state's largest gold producer when it closed 80 years ago. Beaconsfield Gold NL. one of the partners in the Beaconsfield
        Bloomberg Business News  -  1,282 words
      • 670 21 COMMODITY REPORTS Rubber SINGAPORE: Rubber futures prices closed higher yesterday on stronger demand particularly for the TSR 20 grade. "The Japanese markets which opened after a long holiday was up 2.5 yen and this hastened demand here," a dealer said. Turnover was about 8.000
        670 words
      • KNIGHT-UDDER COMMODITY SUMMARY
        • 65 21 NEW DELHI India will import 600.000 tonnes of white sugar this calendar year despite the sugar industry forecast of a bumper output, the Financial Express newspaper said yesterday. The newspaper said Cabinet Secretary Surinder Singh has advised the Commerce Ministry to order state-run
          65 words
        • 62 21 NEW YORK Central American coffee representatives plan to meet today in El Salvador to work out the last details of their coffee export retention programme, which took effect on Sunday. Herbert de Sola, El Salvador's representative, said the meeting is aimed at finalising the
          62 words
        • 81 21 NEW DELHI The Indian government on Tuesday scrapped restrictions on coffee exports in reac- tion to increasing domestic supply. A government statement said that "curbs on the export have been removed because of increased availability of coffee in the domestic market". In August, the government
          81 words
        • 96 21 SEOUL Russia will repay overdue South Korean loans with aluminium delivered to the government and private industry here, it was confirmed yesterday. Sergei Petrov, trade representative at the Russian Embassy in Seoul, said that negotiations are underway between the two governments to determine the quantity
          96 words
    • 1404 21 Rubber Singapore Commodity Exchange (futures dosing as at 5.30p«) RSS 1 Contract (S cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest Feb 95 I 231.00 I 925 Mar 233.00 417} Apr 235.50 232.00 234.00 225 3675 May 235.50 232.00 234.00 225 3675 Jun 235.50 232.00 234.00
      1,404 words
    • REGIONAL STOCK MARKETS
      • 467 22 Taipei Ja« 3 1$ TT- \ui~ \H Sinceie Ind J TO urwh 1046 Aviat'emeM 55 (JO 150 4127 alhj> t un>li 44 50 41.40 (441 < jlhj> I ite Ins 202 00 100 15*1 t hang H»J Bank ***** 100 3147 (hengloong 45*0 -0 70 UIO hu Hsin Cement 32
        467 words
      • 1033 22 -18.7 THE key index fell bdow the 1.900-point mark yesterday as investors struggled to find direction during sedate holiday season trade, brokers said. The All Ordinaries Index ended 18.7 points weaker at 1.886.2. Turnover was 131.9 million shares valued at AS365 million. Analysts cited weaker overnight metal prices, the
        1,033 words
      • 625 22 -33.31 Stocks tumbled for the first time in 1995. dropping 1.18 per cent after a two-day rise. The PSE Index lost 33.31 points to hit 2,771.97, a development that analysts attributed to "profit-taking", as well as a mood of caution following the downturn in Hongkong. Turnover was 3.66 billion
        625 words
      • 506 22 -16.56 Share prices fell sharply yesterday, amid reports that more rigorous government controls would aggravate monetary strain, brokers said. The Composite Price Index lost 16.56 points to fall below the psychological 1,000-point barrier to 997.01 for the first time in 110 days. Trading was dull with 39 million shares
        506 words
      • 341 22 -8.14 The New Zealand share market ended the first day's trading of 1995 weaker on predictably light volume. An eight-cent fall by Carter Holt Harvey and a four-cent fall by Telecom were mainly responsible lor the 8.14point fall to 1.906.11 ol the NZSE-40 Capital Index. Volume was just
        341 words
      • 135 22 -29.49 Indian share prices closed lower on thin volumes as big buyers kept away from the country's bourses, brokers said. "The low liquidity is preventing the market from showing any signs of buoyancy." said an analyst. He said that the absence of foreign mutual funds from the market had
        135 words
    • WORLD STOCK MARKETS
      • 983 22 Britannia Funds "sterling Cash Bid Offer Mini Cap Deposit U MO W 6500 Mim into (ilk 01(4) 0 1992 Mim Ma* Income ****** ****** I S$ ash Income Plus f und 4900 *****0 PS Reserse Fund S ).HH 5 MOO Slerlimi Kouih Euro Performance 0 4W2 0,49)8 Far Fm Fund
        983 words
      • 667 22 -14.1 STOCKS were dragged lower by electricity shares as the possibility of an antitrust inquiry punctured hopes for takeovers in the industry. Shares in electricity companies have been rising since Trafalgar House last month bid £1.2 million pounds for Northern Electric, putting other power suppliers in the firing line.
        667 words
      • 156 22 15.88 French shares ended a modestly active day higher, driven mainly by technical factors, a rise in the dollar and early gains on Wall Street. But the trading range for the coming weeks and months will be limited due to interest rate uncertainties and political instability in the run-up
        156 words
      • 164 22 -2.52 German stocks closed mixed as inflation concerns outweighed confidence in the steady bund and dollar. The DAX Index of 30 leading stocks fell 2.52 points to close at 2072.26, dragged down by chemicals and autos. Of the index's constituents, 16 fell, 13 rose and one was unchanged. "Yesterday's
        164 words
      • 140 22 +5.83 Some renewed buying interest pushed Belgian shares to a higher close, despite posit ion-squaring on the last day of the forward market account. Traders were optimistic the market would extend its rally in coming days, with a possibility of breaching the 1,400 level on the key index. "I
        140 words
      • 117 22 +21 Milan shares pull into positive territory, helped up by tearaway banks in a sector riven by rumour. The political crisis on hold as flu strikes down President Scalfaro, causing talks with party leaders to be postponed. The Mibtel index finished up 21 points to 10,338. Milan Jan 4
        117 words
      • 281 22 +0.56 Dutch stocks rose for the second time in three days amid support from higher bonds, a stronger dollar and advancing shares on Wall Street. Financial stocks, together with KLM Royal Dutch Airlines, led the market higher, while steel producer Hoogovens fell as investors sold following the stock's recent
        281 words
      • 134 22 +8.18 Swedish stocks rose for a fourth day amid gains in bonds and expectations that rising paper prices will boost earnings at forestry companies. The OMX Index of 30 leading stocks rose 8.18 points to 1,162.58. Twentyfive stocks rose, three fell and two were unchanged. "Now with the fresh
        134 words
      • 248 22 +20.10 Swiss stocks rose 0.8 per cent as investors sought shares in industrial compa- nies which should benefit from economic recovery in Europe. The SMI Index of 23 stocks gained 20.10 points to 2,632.40. having fallen in the past three trading days. Sixteen stocks were higher, three unchanged and
        248 words
      • 268 22 -16.91 A second straight day of steep losses in precious metals drove Toronto stocks still lower in early dealings, traders said. "What did we have, 12 or 13 sessions on the upside before the year ended?" asked one dealer. "That's probably all going to be given back if this
        268 words
      • 733 22 +12.45 The Dow Jones Industrial Average, which rose 4.04 points on Tuesday, was ahead 12.45 points to 3.850.92 at Ham EST. The New York Stock Exchange Composite Index was ahead 0.29 to 251.02. while Standard Poor's 500-stock Index was up 0.73 to 459.84. Advances topped declines 1.112-755 among
        733 words
    • Article, Illustration
      2928 23 Bloomberg Business News HONGKONG Stocks rose for the first time in six days, propelled by gains in bank shares, as some investors decided that concerns about a possible trade war between China and the US have been exaggerated. The Hang Seng Index rose 42.87 points to 7,887.01. The All
      Bloomberg Business News; Source: Bridge Info  -  2,928 words
    • Article, Illustration
      582 23 CLSA H SHARES had a very sluggish trading day with the index closing down 0.1 per cent on HK537.9 million turnover. Maanshan Steel was the most active counter, closing up 0.6 per cent on turnover of HKSB.I9 million. Trading in Shanghai A shares edged up 2.3 per cent on
      CLSA  -  582 words
    • Article, Illustration
      2451 23 Bloomberg Business News TOKYO Stocks started the year lower on concerns about earnings at Japanese brokerages, which will be under pressure unless trading picks up from last year's low levels. Trading in yesterday's halfday session was especially slow, as many investors have not yet returned from their New Year's
      Bloomberg Business News; Source: Bridge Info  -  2,451 words
    • Article, Illustration
      1790 23 Bloomberg Business News BANGKOK Stocks rose for the first time in four days as investors bid up heavily weighted communications issues on the belief that recent declines overstated concerns about the companies' prospects. analysts said. Leading the gains was Telecom Asia. which rose 4.5 baht to 75.5. Its shares
      Bloomberg Business News; Source: Bridge Info  -  1,790 words
    • Article, Illustration
      1165 23 Reuter JAKARTA Share prices closed mixed in moderate volume with trading in big-capital-isation stocks leading pre-budget activity. The 1995/96 budget is due to be released today. "Foreign buying in selective big-cap stocks triggered some momentum in the market." one broker said. She said the orders mainly came from European
      Reuter; Source: Bridge Infoi  -  1,165 words
    • 2412 24 Gr Gr 1994/99 Last Vol Day Last Quote IMv W» t M Net M Cap High Low Comptit Sale (DOO) llith Low Bijn Seller S C'vr PIt Ml MALAYSIAN STOCKS 398 160 m AISB 50c 274 cd -2 39 278 270 272 274 3 0 -2.9 0 3
      2,412 words
    • KUALA LUMPUR STOCK EXCHANGE
      • 6303 24 Bloomberg Business News KUALA LUMPUR Stocks fell as local investors remain concerned that rising global interest rates will keep foreign investors away from stocks this year. "At the back of everybody's mind is the fear lurking of another interest rate hike later this month," said
        Bloomberg Business News; Source: Bridge Infoo  -  6,303 words
    • STOCK EXCHANGE OF SINGAPORE
      • 7993 25 1 MAIN board Gr Cr M Wt 19*4/9$ Usi Vol Day last Qxk Di» Di» VM Net C ap l>( Hi(k loo Company Sale 000) High Loo B«>« Seller Or S P/E fcnil Price INDUSTRIAL AND COMMERCIAL 720* 417.5* ml s Acma 50c 474 -6 27 4110 474 472 476
        7,993 words
      • 1819 26  -  By R Sivanithy SINGAPORE The local stock* market remained subdued yesterday, with prices closing lower across the board in quiet trading. Brokers said investors appeared in no hurry to buy, with many reporting that their clients were only just beginning to return from
        Charts by Bridge Info; Source: Bloomberg  -  1,819 words
  • Page 17 Advertisements
    • 348 17 NEWS VALUE Robinson Rd may see giant redevelopment project (pg I) News likely to push up shares with exposure in the commercial property market. lIS rise in Jakarta market cap (pg 1) JSE's market capitalisation expected to continue expanding, which would attract more foreign interest. Jardine shares jump on day
      348 words

  • Page 18 Advertisements
    • 87 18 'GIVE YOUR FIRST < IMPRESSION THE k PROFESSIONAL TOUCH' First impressions last. A professionally bound rln t document paints a professional corporate picture gbj^Sj^HH of your company. The IBICO KOMBO 21 the V most widely used plastic-comb binder has a punching capacity 1 of 30 sheets yet is light, 1
      87 words

  • Page 19 Advertisements
    • 70 19 District 10 Prime Development Site For Sale By Tender In The Vicinity of Holland Village Prime Local/International Schools. Tenure 947 years, 4 months, 23 days wet 15/5/1937 Land Area Approx 2950.5 sq.m. (31,759 sq.ft.) Master Plan Zoning Residential Plot Ratio 2.1 Tender Closing Date 12.00 noon 20th January 1995 For
      70 words


  • Page 21 Advertisements
    • 716 21 The closing Simex report was not available yesterday. TOLL-FREE TEL. No. 1-800-741-1683 FAX 741-129S THE COMPANCS ACT (CAP. 50) AND IN THE MATTER OF EPKNMVESTEMENTSPTELTD (Momtos 1 Voluntary Uqmdabon) At an Etfaordnary General Meeting of tie members of EPKN MVESTMBfTS PTE LTD duly convened and held a( 56 Ffankai Avenue
      716 words
    • 32 21 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead. 4 M HHRMHIi BffTtfiiwTnwTW 1 ■BHMMIi > i 1 i acting ad. [cata!
      32 words

  • Page 22 Advertisements
    • 284 22 HERE'S YOUR CHANCE TO VISITSi^CHIIXA THE GREAT SINGAPORE HANDICRAFTS we aftjort 3% i Win free tickets to China when you pick up impeccably NEW ARRIVAL! S'sfmw^ 0 $1,999 SET/7 n aafted furniture at unbelievable prices I S JKH P Singapore KeSS From now till 30 Jan 1995, every SIOO purchase
      284 words

  • Page 23 Advertisements
    • 140 23 1 Qive uMew QJou/t c sfcfat/t Facing hair problems like balding, thinning hair, damaged hair, dandruff and premature grey hair? Don't despair, come to Hay's Formula, we give professional hair treatment with a secret formulation made of 100%, HERBAL PLANT EXTRACTS. Hay's Formula provides all natural and effective solution to
      140 words

  • Page 24 Advertisements
    • 58 24 SINGAPORE THE HOUR GLASS Tokashimaya Shopping Centre Tel *****20 Lucky Plaza Tel. *****62 Scotts Tel. *****27 Centrepoint Tel 734)598 Peninsula Plaza Tel. *****09 Raffles Hotel Tel *****41* World Trade Centre J/ Tel. *****51 Changi Airport Terminal 1 (West Wing) Tel *****60. Terminal 2 (South Wing) Tel *****81 MALAYSIA THE HOUR
      58 words

  • Page 25 Advertisements
    • 148 25 Face Facts Read Jour Ozuti face! Call 24 hours to discover how your facial features determine your character fortune. Cost: 30 cents a minute Every office has them computers, printers, ABAK BY B&B ITALIA. f ""j~ I I te e P^ oneB, ax machines, copiers, calcuators. A S demanding easy
      148 words

  • Page 26 Advertisements
    • 813 26 ="^/'\"<&}".*$`"=!&,%\~,-&(}}+% This announcement appears as a matter of record only. WING TAI WING TAI HOLDINGS LIMITED (Incorporated in the Republic of Singapore) 5562,000,000 SECURED FLOATING RATE NOTES DUE 1999 Arranger and Lead Manager Schroder International Merchant Bankers Limited Issuing and Paying Agent Schroder International Merchant Bankers Limited l&Schroders January 1995
      813 words
    • 321 26 11-1 ""KSJi" ,,l< 11 mi i— mm M m Ciiniwi 6—to MMMeel— aa*en ft OAU VWO m Lfo Mr caaaatoaaitoMMtot^iMtoM "nMoSmS&2 mm*, Mat*''"' 1 *Ttol ae caapeny to wmmi w$ wtotorty araaa a Sectoa ao(l)M rf ncimiinActc^a"TM Mt flaTto Hal d 5001 Back ROM #07-01, gaWaa MM Clllu sampee oni
      321 words
    • 367 26 MINE MATTER OF THE COtaP AMES ACT (CHAPTER SO) AND M THE MATTER OF FORGEROSSt MANUFACTUMNQ PTE. LTD. > 1,. link i n i (m Momoonr vownafy UMdHton) Al an Extraordinary General Meeting ol the abovenamed company duly convened and hatd M 101-A Upper Cross StreeL #11-22 People's Park Centra.
      367 words

  • Shipping Times
    • 349 27  -  By Rahita Elias SINGAPORE Sembawang Corp's logistics arm has tied up with local transport group Kimtrans through a 51-49 venture called Sembawang Kimtrans. Sembawang Express (SemEx) said yesterday the new company took over Kimtrans' logistics business from Jan 1, 1995. Kimtrans was
      349 words
    • 278 27 AFP LORIENT, France A French shipping company on Tuesday denied a claim that it was transporting arms to Algeria, allegedly compromising France's supposedly neutral relations with Algiers. The company, the Compagnie Morbihanaise et Nantaise de Navigation, said the claim by an ecological group
      AFP  -  278 words
    • 113 27 Knight-Ridder NEW DELHI The average age of the Indian merchant fleet has come down to 13 years in calender 1994, compared with the international average age of 17 years, the government said on Tuesday. A statement from the Surface Transport Ministry said
      Knight-Ridder  -  113 words
    • 619 27 Page Col Able Shpg 7 4/5 Accord Group 8 1-3 •Ahlers Lines 13 5 Ahrenkicl Liner 4 1/2 •Appcnship 4 4/5 •ANL 3 4/5 •ASCL 5 5 Astro Shpg 8 4 Avant Shpg 6 4/5 •Bank Line. The 9 5 Batamindo 7 3
      619 words
    • 353 27 MBT KUALA LUMPUR The Malaysian Transport Ministry will spend the next two months preparing a package of mechanisms which can be implemented long before congestion builds up at Penang Port's container yard. Transport Minister Ling Liong Sik said parties aiding the preparation
      MBT  -  353 words
    • 241 27 Knight-Ridder LONDON The Singapor-ean-flagged Front Rider suffered damage to its hull at the Indian port of Hazira on Tuesday when the bulk carrier ICL Raja Rajan came into contact with its starboard bow side. According to Lloyd's Intelligence, the incident
      Knight-Ridder  -  241 words
    • 471 28 COURSES 'I'itle: Sea Transport (SDF 70%) Duration: Jan 11 Apr 19 Organiser: Singapore Freight Forwarders Association Tel: For further details contact SFFA Secretariat at 253-7550 or fax: 253-2303. Title: Standard Trading Conditions (SDF 70%) Duration: Jan 17 Mar 7 Organiser Singapore Freight Forwarders Association Tel: For further details
      471 words
    • 1018 29 Increasing hull and machinery insurance rates can be a headache, unless you are a 'good' owner Seatrade Review Monthly UNDERWRITERS may be reluctant to admit it, but hull and machinery insurance is as cyclical as the other shipping markets, and many feel it
      Seatrade Review Monthly  -  1,018 words
    • 13526 36 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
      13,526 words
    • 1050 39  -  Charles Batchelor reports on the European Union's move to deregulate the transport industry Charles Batchelor FT The liberalisation of the European road haulage industry has made great strides in recent years. Many of the barriers in what was once one of the most highly
      FT  -  1,050 words
    • 3373 40 A Xm.BC Containerline NV: Belsin Shpg Agencies Ptc Ltd (SyMarine Handling Sdri Bhd (PK/PN). Accord Group: Accord Shpg Pte Ltd (SyAccord Contr Line (PK/PN). u Adkris Business Corporation Philippine: alsource Shpg A Trdg Ptc Ltd (S) Atarenkiel Liner Service: Kim Shpg Trdg (S). AI ban-as Sea-Air Service: Frata
      3,373 words
    • 279 40 Abacus C ouriers 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. Cluster Link Supplies Services
      279 words
    • 1502 40 Abex Express Freight Tel: 542-7171. Fax: *****84. Actinic Forwarder Tel: 225-1833. Fax: *****42. Activair Singapore Tel: 542-7822. Fax: *****20. Aerolink Freight International Tel: 545-8033. Fax: *****05. Aerospeed Tel: 542-5911. Fax: *****18. Air Cargo .Novo Lxpress Tel: 542-5454. Fax: *****06 Air Express International Tel: 542-7666. Fax: *****74, *****50. Air
      1,502 words
    • 2562 41 ARGENTINA Santa Fe: No vessels berthed, no vessels in roads, no vessels due. Diamante: One vessel berthed loading wheat, no vessels in roads, no vessels due. San Ivoren/o: Six vessels berthed of which 3 loading soya bean meal pellets, I by-products, 1 maize, 1 discharging butadiene, 3 vessels
      2,562 words
    • 858 41 WITH the festive season almost upon us there has been no let up in the number of transactions coming to light, especially in the dry bulk market, noticeably very well supported by Greek buyers. For example there are reports of 5 panamax bulkers sold this week, of which
      858 words
    • 1186 41 CRUISE FERRY SCHEDULES CRUISE SHIPS Arr Dep Name of Vessel ETA L I D Ports of Calls Port Agent Telephone No JANUARY 05 05 Renaissance I 0900 1100 Pcnang Renaissance Cruises 222*3388 05 05 Dclfin Star 1000 2100 Cruise to Nowhere Harpers Shipping 221-1388 05 05 Mcgastar Aries 1500 2030
      1,186 words
    • SHIPS IN PORT
      • 558 42 fnari Voy No Berth Arrival Departure Vessel Voy No Berth Arrival Departure 4 Jurong Port Asian Htosc 5 PO/ 04 01/2200 0601/0700 Mah 11 alongside 0501/2300 Batam Speed4 ****** P01A 04 01,20JO 04 01/2730 oMm Muira 18/9 alongside 05 01/2300 Batam Speed4 *****' P01A 05 01/2100 05
        558 words
      • 1273 42 RECEIVING OF EXPORT FCL CONTAINERS AND LCI CARGO RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO > Record Booking/Balance Rslts Ship Voy No Etb/Btr Period From To From fti'bd« 2196 06/1100 26 04/1700 06/0659 05/0900 V» 4 05/1200 05/1459 05/1/00 fci LNac 0396 06/2359 3 05/0700 05/1159 05/1400
        1,273 words
      • 851 42 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
        851 words
      • 595 42 Carbon Carbon Dcc 29 Density Water Undue Ash Murrain SeAnent Density Water Residue Ash Akfmiti Sedmetrt M M Exxon aon RG/IT3 V/V M/M M M PPM method V/V M/M M/M PPM method Eastern USA 180 Ave 985 0.2 13.7 0 08 11 002 BO/Cmc Units Spec
        595 words
    • AIR AND LAND TRANSPORT NEWS
      • 427 44 NYT NEW YORK Safety concerns have taken priority lately, but the US Transportation Department also has recently initiated a number of actions aimed at strengthening consumer protections for airline travellers. New rules to protect passengers who buy air tours that include a
        NYT  -  427 words
      • 469 44 Bloomberg Business News DETROIT General Motors Corp's Chevrolet and GMC divisions have embarked on a strategy to gain sales in the booming truck market by having Chevrolet continue as a broad-based, high-value marketer while GMC caters to the emerging luxury end of
        Bloomberg Business News; Reuter  -  469 words
      • 207 44 Reuter DETROIT Land Rover Inc on Tuesday said it expects to build a record 110,000 vehicles worldwide this year, up from 94,000 in 1994. q Land Rover, a unit of German automaker BMW, said the ambitious production forecast comes on the heels of
        Reuter  -  207 words
      • 244 44 FT LONDON Richard Branson's Virgin Atlantic airline on Tuesday won approval to proceed with its attempts to bring a USSI billion (SSI.S billion) anti-trust lawsuit against British Airways in the US courts. US court judge Miriam Goldman Cedarbaum rejected a motion by British
        FT  -  244 words
      • 231 44 Reuter PARIS Continued strong growth in cargo shipments to the Far East and North America was the main reason for a 15.9 per cent increase in cargo traffic at Charles de Gaulle and Orly in the first 11 months of 1994 from a year
        Reuter  -  231 words
      • LOG BOOK
        • 59 44 Knight-Ridder LONDON The 35,770 dwt containership Hyundai Seattle, which was towed into port after its engines were destroyed by fire, was cleared by the US Coast Guard at Port Angeles on Tuesday, according to Lloyd's Intelligence. The Cypriot-flagged vessel is now proceeding to Seattle
          Knight-Ridder  -  59 words
        • 82 44 Knight-Ridder LONDON The 65,510 dwt bulk carrier Sea Tramp resumed its voyage to South Korea after the crew effected repairs to the generator, according to Lloyd's Intelligence. The Bahamianflagged vessel had been reported to the Long Beach coast guard on Tuesday adrift and
          Knight-Ridder  -  82 words
        • 75 44 Knight-Ridder LONDON The 37,263 dwt bulk carricr Ambassador sustained "considerable" damage after a fire in the conveyor belt tunnel and accommodation while discharging at Bellcdune, New Brunswick, according to Lloyd's Intelligence. The fire broke out on Dec 31 while the vessel was discharging phosphate. Lloyd's said
          Knight-Ridder  -  75 words
        • 70 44 Knight-Ridder LONDON The 15,261 dwt freighter Serra is reported to have suffered a fire onboard on Monday, according to Lloyd's Intelligence. The Philippine-flagged vessel is anchored three kilometres ofT Tenerife. It was abandoned with 200 tonnes of fuel oil onboard. The tug/supply vessel Puma
          Knight-Ridder  -  70 words
        • 89 44 Knight-Ridder LONDON The 17.520 dwt container vessel Alabama was in a contact with the 20,949 dwt freighter Ocean Grace while at anchor in the common zone, on the River Plate on Sunday, according to Lloyd's Intelligence. The incident occurred when strong winds caused the
          Knight-Ridder  -  89 words
      • 227 44 AFP HANOI South Korea's Daewoo Business Group began work on Tuesday on a vehicle assembly plant outside Hanoi as part of a planned US$l billion (SS 1.5 billion) of investment in Vietnam, company officials said. Daewoo chairman Kim Woo Choong attended
        AFP  -  227 words
      • 1686 44 at? nwn CTA at; n«* ETA OHM ETO Abu Dhabi Gf 146 1110 GF147 1850 SQ325 1815 SQ328 2355 SQ441 1455 QF6 1840 ||20 Fukuoka SQ989 1720 SQ990 0125 Adelaide Qf81 1930 Qf82 2050 2140 SQ228 2035 Hanoi VN741 1310 VN740 1410 Amsterdam KL843 0545 SQ26
        1,686 words
  • Page 27 Advertisements
    • 73 27 2 New Services to Far East RTA Arriving Wed to Pusan Incheon lAX Arriving Fri to Tokyo, Osaka Yokohama Hotline 326Q23Q The benefits of being a good shipowner, Pg 3 EU transport barriers being swept away, Pg 13 New US consumer rules will protect airline travellers, Pg 18 Line* and
      73 words
    • 28 27 PERSONAL FINANCE INVESTMENT Every Saturday in Business Times \C^yQ' EYE ON THE TIGERS Nobody covers East Asia like we do. The Region. Everyday. SINGAPORE m BusinessTimcs WEKHOWASIM I
      28 words

  • Page 28 Advertisements
    • 2010 28 The Baltic Exchange was closed on Monday for New Year. Trading will resume on Tuesday, January 3. WiW/™ m&SMaw IMPORT.... IMPORT.... IfßffiTWflMiMPll I OTHER DESTINATIONS"! I NORTH AMERICA I I I TOlATTcoast»<xnxumnKAumnat i wwotfwaurawbmm (M»ctmemwirrcoa»T) "1 ,K»a VOT STOW tl DO w OH HOttTOM CMC Iff WXICO QTT KSSEL STOW
      2,010 words

  • Page 29 Advertisements
    • 934 29 Jgajgl SHIPPING CO (SAG) IH SEALORD SHIPPING AGENCIES BL/VQY IS«Ir» I P« |ShJ KWI 1 AUh I Dtfft BAH I«□ Imsl/voy sm ac mm I vsi/voy sh cm rp BN MUD COm 5/1 23/1 21/1 23/1 25/1 24/1 24/1 25/1 27/1 BN MAfl) COSIN 5/1 24/1 21/1 BN MUD CO5<W
      934 words
    • 398 29 ANL. IT'S AUSTRALIAN FOR SHIPPING TO AUSTRALIA (BAST COAST) I FROM AUSTRALIA (BAST COABTT WMtl/WY KT pk( W M JYD m M HOB Ktttl/VOY MK STB MB M NOt II SO> KC ft com in 02/01 00/oi ot/oi n/ii n/n m/ii n/n ft com im 10/12 ivu 10/12 21/12 03/11
      398 words

  • Page 30 Advertisements
    • 1437 30 R'DAM [i SOUTH- PORT VOY NO HAMBURG ANTWERP HAVRE AMPTON KELANO S PORE HKQ KAO TVO SHI KOS NAG FRANKFURT EXPRESS 77/2 SO 13/12 15/12 17/12 VI 6/1 10/1 12/1 19/1 17/1 "iJTT LUOWIGSHAFEN EXPRESS 17/450 17/12 18/12 21/12 14/12 8/1 12/1 1»/1 15/1 18/1 DANUBE j ***** 20/12 22/12
      1,437 words
    • 434 30 IS'pore P Kelang Loading for CELTIC 5/1 7/1 Rdm/Atw/UK/Nantes I OSMARE 7/1 9/1 Rdm/Atw/UK/Nantes •Loads E./W. Malaysia. Indonesia I I Loading for ENERGETIC Dubai/Bahrain/Oamman/Kuwait I SEA VENUS Hodeidah/Jeddah/Aqaba H •Loads Singapore. E./W. Malaysia, Indonesia I I Loading for DONA V Los Angeles/New Orleans/ I Charleston/NorfoiK/Camden H OCEAN EVER Los Angeles/New
      434 words
    • 1048 30 I NORASIA I S£A NTIATIVC 4S2W 07/01 26/01 29/01 30/01 30/01 31/01 31/01 01/02 01/02 I 221™ S^SJS 0 1 3 04/02 04/02 05/02 05/02 06/02 06/02 07/02 I «5L i* /0 l /02 0/02 11/02 11/02 12/02 12/02 13/02 13/02 I*o2 I I A 2O/02 20/02 21/ 02 21/02
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  • Page 31 Advertisements
    • 1181 31 STRAITS SHIPPING PTE LTD 10 Hot Chiang Road #11-01 Koppol Towers Singapore 020S Tol: *****5S Fax: *****17 ;sgsft«gsai jpn *"TWI Wl£ Mara, Lab ta P*« 06 I*l FCI. LCI CONTAINER AMO MMAKBULK URVKC TO PA*VA NCW OUMA CI MAGA 111 30V9301E Muara. Lab, KK 0«-07 Jan 01 ton 09 ton
      1,181 words
    • 1897 31 iw -M TIP /A Singapore Agent: l lVt 1 t jflHTfll lipyc p& Containers (Singapore Agencies) Pte Ltd 10 Hoe Chiang Road, #07-01 Keppd Towers, Singapore 0208 First Class Connections WORLDWIDE Te,: 225 2233 ,Telex: RS ***** pn ocsp Fax: 225 5327/222 7517 CR Number: *****9 I 0000Z I BVHAiiai
      1,897 words
    • 606 31 FOR BOOKING 1800-*****00 (TOLL-FREE) OUTBOUNO PKL UN lOH SW HKG KAO lAI HIE KOB OSK MO) BUS S£A RANGLR NO4S 31/12 01/01 03/01 0545/01 09/01 11/01 13/01 T/S nt KM 18/01 "ijToT "S/oT 21/01 WAN HM 205/NO6B 03/01 04/01 04/01 0808/01 12/01 13/01 15/01 17/01 22/01 1 23/01 1 24/01
      606 words

  • Page 32 Advertisements
    • 556 32 14 w ctp- JOINT VENTURE lp% 2 WV SAMUDERA INDONESIA SIR RICKMERS w««i j SINGAPORE CHINA I ERA VOY 3NB 12 JAM QtNGOAO MSA SEPULUH VOY 3NB M FEB XINGANG SHANGHAI INDUCEMENT CALL P.KELANG HJUCEMENT CALL HK. P GUDANG, BELAUD AM, TG MAN XIAMEN. ZHANGJKANG UTAMA HARTA I WEEKLY FULL
      556 words
    • 1142 32 HANJIN SHIPPING BOOKING TEL:- *****35-237 OPERATION TEL: *****41-253 SALES TEL:- *****30-233 DOCUMENT TEL: *****71-275 FOR VSL SB) LBS HAUL SA mm f» VSL I SBI |UE HAUL M* AM NYC HMUN BREMEN 014E 13/1 DKCT 2/2 3/2 4/2 HMUN XUNSAN 1091 7/1 II NHXHU 036E 9/2 11/2 12/2 HMUN HONGKONG
      1,142 words
    • 1213 32 I r hi s® iss *g h.g rus *1 OS Ki SK no uicnsmi nyc uw wmmw w ra oa n U r j*/' 15/1 IW U/l 2VI 22/1 24/1 25/1 21/1 27/1 1/2 11/2 21/2 22J2 21/2 S/3 V 3 7/1 17/3 27/3 1/4* l II am *K*il 27/1
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  • Page 33 Advertisements
    • 2701 33 VARNA (BULGARIA) 60HSTAHT2A (ROMANIA) VIA UMASSOL 3 SAILING PCR MONTH j| SMlMdft'i OmmmrmJ If fi r«i ffltntnfl: 9Mfma I COSTAR SHIPPING PTE LTD MUM CMMNrmMIyIM SSntSn U: 4MSM2 Oparaflmi c*nt*tm»r-. *****19 I- T m CMWf OnmuHmMt *****50 0/0: *****05 CwwHHMt *****4* 1 'i 7** c» RF« **********0 M fix: 22*22—
      2,701 words
    • 375 33 FAMOUS CONTAINER LINES 80 ROBINSON ROAD, #22-02 SINGAPORE 0106 HOT LINE: *****33 (30 LINES) GOTHENBURG/SCAN 09/01 ROTTERDAM 09/01 AARHUS/COPENHAGEN 09/01 HAMBURG/BREMEN ***** MARSEILLE/FRANCE 10/01 FELIXSTOWE/UK 09/01 BARCELONA/SPAIN 06/01 LEHAVRE/FRANCE )0/01 i GENOA/ITALY 07/01 ANTWERP/BELGIUM ***** LOS ANGEIES/WC/IPI 06/01 SYDNEY/MELBOURNE 08/01 NEW YORK/EC 06/01 FREMANTLE/ADELADE ***** VANCOUVER 06/01 BRISBANE 06/01 I
      375 words

  • Page 34 Advertisements
    • 1231 34 1 ipHHHpilznnil^^^^H M'l.l VEBBEL *21 *5 =*I VESSEL VOY MN Ptw [WAN A BHUM MIS Wad In PI Sat 7/1_ K kqta J ADC JADO27 Wad In Pt Frt I S/1 IB VtSStL VOY SIM SICK j iSRA BHUM ft2S Fri S/1 Wad 11/1 SIRI BHUM 9003 Frt S/1 Sat
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    • 1298 34 79 ANSON ROAD, #21-01, SINGAPORE 0207 TELE: *****92 FAX: *****57 CR **********0N STRAITS SHUTTUE SERVICE PORT KLANG PENANG vessel I vor I sk m vessel vqy sw ro< St» LMJWL 3VON 4/1 (WtO) 6/1 (HI) MCC COWVtYOB 4007 6/1 (HB) »/l <SUW) F**o ****** 6,1 (FBI) »/l (SUW) KOUB IAVA
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  • Page 35 Advertisements
    • 869 35 gssafllf PACIFIC INTERNATIONAL LINES (PTE) LTD TSg?3Bi 140 Cecil Street, #03-00 PIL Building. Singapore 0106. I JvflHi CR NO **********06 I VESSEL VOY SM CMS JIB MOO JED AOJ AOE PZU MSW ASA "3 KOTA BERK AT BKTISS 9/1 13/1 20/1 22/1 1/2 29/1 2/2 5/2 5/2 I KOTA WMWAN
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    • 939 35 mm* VOT UM I IThAVM HMMMC THMKS ROTTERDAM ANTNEkP W.LE OC WLA lOW 01/01 27/01 «/01 31/01 01/0? 02/92 WLLE Pt TIT ANA TO7W 14/01 03m 05/02 07/0? 08/82 09/02 nut h tucmm uo7w i»/oi M/ 02 10/02 12/02 13/02 14/02 WLLE Pt LWA LO7W 15/02 17/07 H/02 M/ 02
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    • 575 35 I BSA iii iflHMk FIVE STAR LINE (Myanmar National Line) Loading for Yangon (Rangoon) S pore P.Kit Pan PW| »»A-AN V2O7W 10/12 lan PAGAN V2I7W 15/10 )w MALAYSIA AGENTS BOUSTEAO SWP9IG AGENCES KIA: TEL 02 03 *****00 PKL: TEL 02-03 3(0(7(7 1 PEN Ta 02 04 (***** PSD TEL 02-07-*****21/4
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  • Page 38 Advertisements
    • 1736 38 TO EUROPE FROM EUROPE feeder Im I rtw I noun»«. store luwliwlhw I iw I m 1m 1 srqg 6 fusaw robe sma I wgo tow BSC/MM 4210/47U 31.12 31.12 W> PWH 2474 03.01 21.01 KOI 23.01 25.01 20.01 PEIANQ 1504 04 01 0501 12.01 14.01 IS 01 10 01
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    • 412 38 MAC-NELB BPORE: *****22 9 POMNa'ToSl'Swae lISJQKOK SW2) 7 *****67 MANIUMW2) J126»1 P.KELANQ: (OS) *****77 JAKARTA: (21) *****07 SURABAYA: (31) 29H00 ASIA HKG/TWN/BKKI GENOA/EUROPE PEN PKL SIN 5 SAILWGS/WEEK PEN PK SIN 6/1 7/1 8/1 HKG/BKK/KEE/KHH Genoa/Barcelona/Marse«es 5/1 6/1 7/1 9/1 10/1 11/1 HKG/BKK/KEE/KHH G'bur|/C'ha(en/S'hobn/Osto 5/1 6/1 7/1 13/1 14/1 15/1
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  • Page 39 Advertisements
    • 19 39 PORT SHOTS The latest in sea, air and land transportation Shipping Times Monday to Friday f Business Times WIKWWASA
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    • 229 39 I VESSEL VOYSIN MAA SIN I TIGER BAY 126N 09-10/01 15-22/01 27 28/01 TIGER SPEED 314N 13-14/01 19-25/01 30-31/01 TIGER ISLAND 127 17-18/01 (FOR DISCHARGE ONLYB CAPE HERMES 204N 16-17/01 22-28/01 02-03/02 TIGER CAPE 013 20-21/01 26-02/02 07-08/02 TIGER BRIDGE 315N 23-25/01 29-04/02 09-10/02 I I VESSEL VOY SIN CAL
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    • 373 39 pi DONGNAMA LINE corrtA^awiD—ntmtmmmtmm KSStI (MSS) iff n RN rw MC BSD n*se*s MI4M u/M 14/(1 1V«1 n/11 nil SMONC TMHt ROM 11/11 11/tl 11/11 20/11 Mil MSIW mom 21/01 ivii ivti m/u tow "M* M/ll 11/(2 02 02 12/02 IV(2 BUBW *S» (Ml) itT WC «C tSft HMM IRMCTMG
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    • 378 39 UTEL: *****33 (12 Lin«s) FAX: *****15/*****03 TELEX: R8 ***** RISHIP (3 Line*) CR NO.: **********0E ACCEPTING FCL AND CONVENTIONAL I Vof CTA |Lo«Oif>«For tpOff Abbay Worn 42W8 25/01 Mombasa. D#boutl Aaaab. Masaawa ~An3inot 38WB 20/03 Mombasa Djibouti Asaab. Maaaawa H KIEN HUN 6 LINE FULLY CONTAINERISED REGULAR LINER SERVICE ACCEPTING
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  • Page 43 Advertisements
    • 490 43 A HYUNDAI I MIgCHANT CO- LTDWESTBOUND TO EUROPE BKG: *****61 r pNA fwi ND Vtssas VOY SIN RTM ANT LEH HAM BREJ FO 04/01 06/01 07/01 SI FREEDOM 314W 09/01 27/01 29/01 28/01 29/01 2§701 31/01 11/01 13/01 14/01 H. COMMANDO 3131* 16/01 03/02 05/02 04/02 05/02 05/02 07/02 18/01
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  • Page 43 Miscellaneous
    • 306 43 TODAY'S TIDES (height in metres) HOUR 0000 0100 0200 0300 0400 0500 0600 0700 0800 0900 1000 1100 1200 1300 1400 1500 1600 1700 1800 1900 2000 2100 2200 2300 2.0 2.5 2.7 2.6 2.4 1.8 1.4 1.1 1.0 1.1 1.4 2.0 2.7 3.2 3.2 3.0 2.5 1.9 1.2 0
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  • Page 44 Advertisements
    • 113 44 (/?-^)-~\'*(`/>~<+<&{~!:\\(:"~> FIND^f Claiufitd ads are pmrr feci for finding loti hitle kittens. No moner Hot H is. ran cm oh ays key H stU H or find a mrt the Classified TOIL fill 1800-737-1166 CAlij (•II Ttdcy fir Its tilts Umtifw kVMHMiI M.V. "PRINCESS" V0Y.74 Arrived 21m December 1994-(PT 3)
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    • 0 44 ]&_`$-(-{\;.>~`";':{'\{)>)[("%/
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