The Business Times, 30 March 1995

Microfilm: NL19815
Total Pages: 52
1 52 The Business Times
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  • Title Section
    Masthead
    12 1 Business Times WE KNOW ASIA MITA(P) 194/12/94 Thursday March 30 1995 85^|
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  • 2am LATEST
    • Article
      Lock icon Dow up 21 points
      50 1 UPI NEW YORK Wall Street stock prices surged in active trading yesterday. The Dow Jones Industrial Average was up 21.79 points at 4,179.13 at 1 pm EST. In the broader market, advances narrowly led declines on moderate trading of 123 million shares on the NYSE. UPI
      UPI  -  50 words
    • Article
      Lock icon France prepares for strike chaos
      40 1 Reuter PARIS France yesterday prepared for travel chaos today when unions representing airline, railway and Paris metro employees plan a day of strikes to back demands ranging from higher pay to increased job security. Reuter
      Reuter  -  40 words
  • Article
    MARKET SUMMARY
    169 1 Stock market itBcct Wednesday Change STII 2,122.41 +18.17 KLSEComp 987.71 +22.96 Nikkei 16,460.73 -221.0 Hang Seng 8,732.75 -95.18 SET Index 1,229.70 -18.13 Jakarta Corop 428.92 +2.84 Manila Comp 2,340.58 51.82 Taipei WP1 closed Seoul Comp 936.44 -11.46 Bombay BSE30 .3,299.61 -17.40 CLSA China B 825.09 +5.75 Aust All
    169 words
  • Article, Illustration
    Lock icon Pengkalen to make bid for Sunshine Allied at $2.26 a share
    495 1  -  By Amy Balan SINGAPORE Yet another Malaysian-based group has zoomed in on a Singapore listing. This time, finance-to-property group Pengkalen Holdings Bhd is taking over food and chocolate maker Sunshine Allied Investments Ltd. In a move that gives it
    Source: Bloomberg  -  495 words
  • Article
    Euphoria over Japanese bank merger evaporates
    308 1  -  From Anthony Rowley in TOKYO STOCK market euphoria over the proposed merger between Mitsubishi Bank and the Bank of Tokyo largely evaporated yesterday, with stock prices retreating once again in the face of a stronger yen. The Bank of Japan appeared to hope that
    308 words
  • Article
    Regional stocks firm
    118 1 SINGAPORE Regional stocks closcd generally firmer yesterday, with interest here firmly fixed on events in Malaysia, where strong talk that Bank Negara's report will show a lower-than-expected current account deficit lifted the Kuala Lumpur Composite Index 22.% points to 987.71. The Straits Times Industrials Index put on
    118 words
  • Article
    US$ tumbles after Fed keeps rates steady
    133 1  -  By Neil Behrmann LONDON The dollar tumbled yesterday against the yen, Deutschemark and other European units after the US Federal Reserve Board refrained from raising interest rates. The neutral move of the Federal Reserve Open Market Committee meeting had been widely expected. At
    133 words
  • Article, Illustration
    Indonesian tycoons give muscle to sports
    400 1  -  From Maggie Ford in JAKARTA SPORT in Indonesia is getting a run for its money from businessmen whose names read like a who's who of Indonesian business. In a major drive to improve the country's sports performance, 63 prominent businessmen have been appointed to
    400 words
  • Article
    Yeo Hiap Seng turns in $2.1m loss
    511 1  -  By Lee Han Shih SINGAPORE Listed beverage maker Yeo Hiap Seng Ltd, a potential takeover target, yesterday declared its second loss in four years. For 1994 YHS turned in a loss of $2.13 million, against a $7.28 million profit for 1993. In 1991,
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  • Article
    Bank Negara urges action to prevent overheating economy
    483 1  -  From Ho Kay Tat in KUALA LUMPUR BANK NEGARA governor Ahmad Mohd Don said yesterday the economy had galloped to a critical turning point and industries must shift quickly to technologyoriented activities to prevent overheating caused by labour constraints and wage rises.
    483 words
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      221 1 P Burberrys i '!i» x. »$«&>• vv». J/ r*< Reigns when it pours j XXXXMWX**.*"*'***'****'*** X*X»«XXXX K. 6 We have done quite well under the constraints. And remember, we don't have many Philip Yeos, let alone BG Lees and BG Yeos. Penang chief minister Koh Tsu Koon on his state's
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      19 1 Law: Pg 13 Keeping work rows out of court Special reports on bunkering Shipping Times, Pgs 1, 2 4
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      17 1 Hock Lock Siew: 4'st Copy SES seats: Let market forces prevail A marriage of convenience, Pg 10
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      59 1 Bottom Line: Pg2o i S'pore experiments with court TV J More reports, Pg 7 Unfounded rumours Forex losses rTiI iM Boutique*: Centrepoint *01-30 Tel: 717 4509 Paragon By Sofo #01-19 Tel: 734 99JS Corner*: Metro Paragon Metro Marina Takaihimaya S.C. Alto available at Unit PBA Lot 10 Kuala Lumpur Marlbx
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      28 1 U N E T T E S CityDev up 75%, Pg 21 Liang Court up 42%, Pg 21 Parkway down 35%, Pg 23 Intraco up 9%, Pg 23
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  • SINGAPORE NEWS
    • EYE on the ECONOMY
      • Article, Illustration
        Lock icon Manufacturers using more power
        255 2  -  By Teh Hooi Ling ELECTRICITY consumption by the manufacturing sector rose 9.4 per cent last year to 8.53 billion kilowatt hours (kwh) the strongest growth in four years. The average growth rate from 1991 to 1993 was about 5 per cent. Electricity consumption by other industries
        Source: Dept of Statistics  -  255 words
    • Article
      Bonvests to pay $68m for Kim Yam Rd freehold site
      171 2 DIVERSIFIED property group Bonvests Holdings yesterday said it was buying a freehold site of about 77,000 sq ft at Kim Yam Road for $68.3 million, or $887 per sq ft. The seller was Societe Des Metieres Premieres Tropicales Pte Ltd.
      171 words
    • Article
      Analysts cool to URA's sale of sites for landed development
      906 2  -  By Abdul Hadhi THE Urban Redevelopment Authority kicked off the 1995 government land sales programme yesterday with the offer for sale of 12 residential parcels, but analysts and market watchers were unenthusiastic, especially over the parcels designated for landed development.
      906 words
    • Article, Illustration
      Lock icon Local stake in equity investment picks up speed
      531 2  -  Foreign capital formed one-third of total equity investment as at 1992 By Ven Sreenivasan SINGAPORE remained attractive to foreign investors but local equity investment growth has outpaced increases in foreign equity investment (FE!) since 1988, according to the Department of Statistics. A
      Source: Dept of Statistics  -  531 words
    • NEWS ROUNDUP
      • Article
        S'pore, Japan ratify tax accord
        96 2 SINGAPORE and Japan yesterday ratified a revised tax agreement signed on Apr 9, 1994. The agreement will affect income derived on or after Jan 1, 1996. Most of the provisions in the revised agreement remain substantially similar to the present accord. One of the more
        96 words
      • Article
        Good news for Westin guests
        77 2 THE Westin Stamford and Westin Plaza hotels will absoib guests' local telephone charges from this Saturday. The hotel said that as "more than 60 per cent of its guests are on business, the efficiency and cost of communications is very important to them The Telecommunication
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      • Article
        Licensing waste collectors
        95 2 THE Environmental Health Department said yesterday that as of this Saturday, any contractor who collects sewage or sludge from mobile toilets, ships, aircraft, R2 sewerage systems, water-seal latrines, sewage treatment plants, septic tanks or grease interceptors would need a general waste collector's licence. This requirement falls under
        95 words
      • Article
        GAS building $15m workshop
        88 2 GENERAL Automotive Services Pte Ltd (GAS) is building a $15 million workshop at Loyang Way for repairing, servicing and maintaining motor vehicles. It would be ready in the second half of next year. This is the second such facility for the company, which has a staff
        88 words
      • Article
        Wired up for conference
        80 2 THE Association of Telecommunication Equipment Suppliers (ATES) will send a team to next week's First Asian Telecommunication Industry Exchange in Tokyo at the invitation of the Communication Industry Association of Japan. The conference will involve the presentation and exchange of information and views on subjects ranging
        80 words
    • Article
      S'pore seeks WTO panel to resolve petrochem dispute
      327 2  -  By Claire Leow SINGAPORE has asked the World Trade Organisation Dispute Settlement Body (DSB) to form a panel to settle differences with Malaysia over two petrochemicals. The Ministry of Trade and Industry (MTI) said yesterday the panel should be formed at the
      327 words
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      80 2 PARIS Jg| Sets the Trend jKipg SO DOES CHRISTIAN BQNMD 5 RwHjS Ct> Christian Bernard aeaarME (S) PTE LTD t, s««i Itad «MJ S»« C««» Sn»«»oi» 0«2 W 7MWJ7 (3 h«) «WM This announcement appears as a matter of record only January 1995 LIAfK LINKEDUA IMALAYSIA) BERHAD RM 1,031,460,000 US$4lO
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      106 2 lINTERCLEAN ASIA'9S VISIT ASIA'S BIGGEST AND \PREHENSIVE, THE GLEANING INDUSTRY! W illi 11 rtu ipatint; manuta( turers jnd suppliers trom m c ountries < under one M root, InterC lean \sia is the onl\ toe the latest i leaning-related equip- V ment, te< and serv ic ev V So don't
      106 words
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  • SOUTH-EAST ASIA
    • Article
      Thailand to allow competition in growing telecom industry
      448 3  -  From Loh Hui Yin in BANGKOK THAILAND has unveiled a masterplan which will result in competition for its telecommunications industry over the next couple of years. The plan, endorsed by the Cabinet on Tuesday, calls for the creation of four telecommunications operators
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    • Article
      Lock icon Ramos slams Chinese fishing methods in the Spratlys
      319 3 Reuter MANILA Philippine President Fidel Ramos yesterday criticised China's fishing methods in the Spratly Islands as harmful to the environment and said Chinese-built structures in the area have been destroyed. He told a weekly news conference here that four Chinese boats, captured
      Reuter  -  319 words
    • Article
      Lock icon Philippine SMEs to get help from big business
      181 3 Reuter MANILA Philippine companies announced a plan to help small and medium-sized enterprises compete internationally rather than rely on government intervention and protection. Jose Luis Yulo, new president of the Philippine Chamber of Commerce and Industry, told a news conference that the
      Reuter  -  181 words
    • Article
      Ramos to reply to PM Goh's letter on maintaining ties soon
      303 3  -  From Al Labita in MANILA PRESIDENT Fidel Ramos yesterday said he would soon send a reply to Singapore Prime Minister Goh Chok Tong's letter calling for the maintenance of friendly bilateral ties. "Abangan lang ninyo (just wait for it),"
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    • NOTE BOOK
      • Article
        Lock icon Thailand to push private education
        88 3 Reuter BANGKOK Thailand is pushing through legislation to overhaul its educational system and has announced hefty incentives as part of an ambitious plan to develop human resources. Developing human resources was the key to remaining competitive and supporting the country's economic growth, Financc Minister Tarrin
        Reuter  -  88 words
      • Article
        Lock icon Manila forex reserves at 11-month low
        80 3 AFP MANILA The Philippines' foreign exchange reserves tumbled to an 11-month low last month as Manila paid maturing debts and continued to defend a weakening peso, the Central Bank said yesterday. The bank said gross international reserves (GIR) fell 4.99 per cent to U556,674
        AFP  -  80 words
      • Article
        Lock icon Scrap Opec dues system: Jakarta
        89 3 AFP JAKARTA Indonesia yesterday proposed scrapping the flatrate dues system of the Organisation of Petroleum Exporting Countries (Opcc) and replacing it with a contribution based on production. The proposal, which would help developing countries, was made by Mines and Energy Minister Ida Bagus Sujana after
        AFP  -  89 words
      • Article
        Lock icon Indonesia to avoid rice imports
        126 3 Reuter JAKARTA Indonesia yesterday said it cxpccts to obtain some two million tonnes of rice from domestic sources and avoid imports this year. "Wc plan to procure two million tonnes of rice this year from domestic sources. I think we will have no problem. We
        Reuter  -  126 words
      • Article
        Lock icon San Francisco-Ho Chi Minh City ties
        86 3 Reuter SAN F RANCISCO San Francisco will bccomc the first US city to establish formal sister city relations with a Vietnamese city after reaching an agreement with Ho Chi Minh City, Mayor Frank Jordan said on Tuesday. Mr Jordan said he was very pleased
        Reuter  -  86 words
      • Article
        Lock icon Viet post officials in scam: report
        102 3 Bloomberg Business News HO CHI MINH CITY The Ho Chi Minh City Post Officc in south Vietnam and a company owned by postal workers arc selling telecommunications equipment at inflated prices, the weekly Thanh Nien newspaper reported. Customers in Vietnam's southern commercial hub were
        Bloomberg Business News  -  102 words
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      89 3 /nTTwTTsTcTiTTrnkmlni(iisll(iirtfljm JH SMI^HiH I Flying is a very personal experience. Some Bee to sleep the time away. Others Hie the time to fly away wMe watcMntf their latest favourite movie. Our SAS EuroCSass personal video player makes it So remefflber.~SAS, your personal akflne to Europe. JOT The Businessman's Airline SAS
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  • CHINA/HONGKONG/TAIWAN
    • Article
      Lock icon Jiang stresses self-reliance to beat farming crisis
      411 4 AFP BEIJING President Jiang Zemin has called for greater emphasis on self-reliance and technical upgrading to overcome the crisis faced by the country's agriculture sector, the People's Daily said yesterday. Mr Jiang made the call during a 10-day inspection tour of south-eastern Jiangxi
      AFP  -  411 words
    • Article, Illustration
      Lock icon Money talks
      48 4 Reuter SHANGHAI China's first radio network dedicated to business and finance, the Oriental Radio Finance Network, went on the air yesterday in a crumbling 1930s building near the Shanghai waterfront. The monitors above show movements of both the Shanghai stock market and selected international markets. Reuter
      Reuter  -  48 words
    • Article
      Lock icon Beijing rules out huge salaries to help top officials resist corruption
      335 4 UPI BEIJING —-<China yesterday ruled out huge salaries to keep top ofTieials from straying into corruption and recommended "lofty ideals" to keep them on the straight and narrow. The People's Daily and other newspapers hailed the "fine tradition of
      UPI  -  335 words
    • Article
      Lock icon Beijing capital to allow first state bankruptcies
      260 4 AFP BEIJING The Chinese capital is for the first time to allow some loss-making state firms to go bankrupt this year in a bid to ease the loss burden and assist overall economic readjustment, Xinhua said yesterday. While some Chinese cities have allowed
      AFP  -  260 words
    • CHINA WATCH
      • Article
        Lock icon New securities watchdog chief in China
        60 4 Bloomberg Business News BEIJING China's cabinet replaced securities watchdog chief Liu Hongru with senior banker Zhou Daojiong, who called for tougher measures to maintain order on the nation's infant markets. The official Xinhua news agency said Mr Zhou. 61. took over as chairman of
        Bloomberg Business News  -  60 words
      • Article
        Lock icon HK Exchange Fund swells 17%
        99 4 Bloomberg Business News HONGKONG The Hongkong government said it had HKS4OB billion (5574.62 billion) in its Exchange Fund at the end of 1994. a 17 per cent increase from 1993. The Exchange Fund is a government war chest kept exclusively to defend the value of
        Bloomberg Business News  -  99 words
      • Article
        Lock icon Pirated CDs seized in Beijing
        69 4 AP BEIJING Investigators have seized 6.000 pirated compact discs and two machines used to make pirated computer software in Beijing's science and technology district, a report said yesterday. The raid this month was the first time investigators had found equipment for copying computer software in
        AP  -  69 words
      • Article
        Lock icon More firms site regional HQs in HK
        56 4 AFP HONGKONG The territory continues to attract regional headquarters of international companies because of its unrivalled connection to China and the Asia-Pacific region, chief secretary Anson Chan said yesterday. Ms Chan said Hongkong was home to 714 regional headquarters, a significant increase from
        AFP  -  56 words
    • Article
      Lock icon Investors should pot bet on China legalising gambling soon
      305 4 Bloomberg Business News HONGKONG The first international council formed to advise China on setting up casinos and arcades has received a cool welcome from Beijing. A Ministry of Culture official yesterday said China will be reinforcing its gambling ban with a
      Bloomberg Business News  -  305 words
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      1049 4 Iffil HWA TAT LEE HOLDINGS LIMITED |lAH| (Incorporated in the Republic of Singapore) The Board of Directors of Hwa Tat Lee Holdings Limited wishes to announce the following: UNAUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 1994 1994 1993 %lncrease/ SS'OOO SS'OOO (decrease) Co Group Co Group Co Group 1
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      628 5 An office a |^MHHBHHH|HHHHHHA we a presentation room. These notebooks come equipped with everything needed to create and deliver multimedia applications. Driven by an ultrafast 75MHz Intel DX4 processor, they will take you to multimedia dimensions The Ultimate Multime^^/rJbtebook speeds imagine before. Integrated CD-ROM Drive Built-in Sound f A double
      628 words
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  • REST OF ASIA
    • Article
      Lock icon India seeks bids to explore for oil, gas through joint ventures
      379 6 Bloomberg Business News NEW DELHI India, in a move it hopes will lead to new oil and natural gas discoveries, has made available 28 regions for petroleum exploration. India is one of Asia's biggest energy consumers, and the amount
      Bloomberg Business News  -  379 words
    • Article, Illustration
      Lock icon Hillary's bundle of joy
      52 6 Reuter NEW DELHI US First Lady Hillary Clinton smiling as she lifts a young orphan into her arms at the Christian Missionary orphanage run by Mother Teresa here on Tuesday. Mrs Clinton is in India on the second leg of a 12-day goodwill trip through South
      Reuter  -  52 words
    • Article
      Lock icon US urges S Korea to open up markets and join big league
      427 6 AFP SEOUL The United States yesterday urged South Korea to shed protectionism and behave like a true economic power if it wishes to play with the big boys of world trade and attract more capital and technology. Ambassador
      AFP  -  427 words
    • Article
      Lock icon Australia admits it cannot meet target on greenhouse gases
      311 6 AP SYDNEY Australia, the nation that produces more greenhouse gases per person than any other country, admitted yesterday it would not meet its pledge to reduce emissions by the end of the decade. Scientists believe greenhouse gases, such as carbon monoxide,
      AP  -  311 words
    • Article
      Lock icon NZ politician apologises for jobless Maori prank call
      139 6 Reuter WELLINGTON A senior New Zealand politician was forced to apologise yesterday for masquerading as a jobless Maori in a prank call to a talkback radio station. The admission by John Carter, a senior figure in the governing National Party, embarrassed the
      Reuter  -  139 words
    • ASIA NOTES
      • Article
        Lock icon Aussie Feb building approvals up 1.3%
        74 6 AFP SYDNEY The number of approvals for home building in Australia rose 1.3 per cent to a seasonally adjusted 13,403 in February from 13,233 the month before, the Australian Bureau of Statistics said yesterday. The February figure compared to an adjusted 15,533 approvals recorded
        AFP  -  74 words
      • Article
        Lock icon Aussie company profits rise 30%: poll
        65 6 Bloomberg Business News SYDNEY Australian corporations that publicly trade on the stock exchange showed an aggregate 30 per cent rise in first-half profits, the Australian Financial Re\'ien reported yesterday. The biggest gainers were companies in the property, building materials and mining industries. The gains
        Bloomberg Business News  -  65 words
      • Article
        Lock icon Sri Lankan rebels extend deadline
        110 6 Reuter COLOMBO Sri Lankan Tamil rebels have extended a deadline they gave the government to meet their demands after receiving "a favourable letter" from President Chandrika Bandarana ike Kumaratunga. Tamil politicians said yesterday. "Rebel radio said that the deadline, which was to have ended on
        Reuter  -  110 words
      • Article
        Lock icon Troops helping to ease Dhaka crisis
        84 6 AFP DHAKA Prime Minister Khaleda Zia has ordered army troops to collect and distribute fertiliser across Bangladesh as farmers' protests over the chemical shortages left seven people dead, sources said yesterday. The sources said Ms Zia took the step after a month of violence
        AFP  -  84 words
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      1310 6 SINGAPORE REINSURANCE CORPORATION LIMITED (Incorporated in the Republic of Singapore) ANNOUNCEMENT I To: AH Shareholders I The Board of Directors of Singapore Reinsurance Corporation Limited wishes to make the following announcement: I I AUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 1994 COMPANY GROUP 1994 1993 Of 1994 1993 orss
      1,310 words
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  • BANK NEGARA ANNUAL REPORT
    • Article
      Rumours of M$17b current account deficit prove unfounded
      873 7  -  From Ho Kay Tat in KUALA LUMPUR THE good news about the health of Malaysia's economy, as reported in Bank Negara's 1994 annual report, is that the country's current account deficit last year was not as big as the rumoured Msl7 billion
      873 words
    • Article
      Bank still saddled with M$5.7b forex losses from 1993
      451 7  -  Reports Ruth Wong in KUALA LUMPUR THOUGH Malaysia's central bank had stopped speculating on short-term foreign exchange last year, it was still saddled with M 55.70 billion (553.18 billion) losses after unwinding the 1993 forex positions. Bank Negara govenor Ahmad Mohd
      451 words
    • Article
      Pre-tax profit in banking industry surges 28%
      450 7 DESPITE falling interest rates last year, Malaysia's banking system saw continued growth with a 28 per cent jump in pre-tax profit to M 54.85 billion (552.7 billion) from M 53.79 billion in 1993. Bank Negara governor Ahmad Mohamed Don said this marked the
      450 words
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      69 7 In Asm If you want to air freight goods up to 25kg door-to-door anywhere in Asia for $145, North America/Europe for $195 or anywhere else for $245, all you have to do is put them in a DHL Jumbo Box and phone DHL on 1800 285 8888. We'll pick it
      69 words
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  • THE WORLD
    • WORLD WATCH
      • Article
        Lock icon Major on central bank intervention
        101 8 AFP LONDON British Prime Minister John Major yesterday said central bank intervention was no longer decisive in controlling currency markets. Mr Major said that events happen at a speed and on a scale which risks running beyond the control of governments and international institutions", and
        AFP  -  101 words
      • Article, Illustration
        Lock icon Livid with Leona
        82 8 AFP NEW YORK Fallen US hotel queen Leona Helmsley famous for sneering that "taxes are for little people" has hit the headlines again. This time, Leona and her Helmsley-Spear management firm are under fire over their management of the landmark Empire State building. Tenants are upset at
        AFP  -  82 words
      • Article
        Lock icon Mitterrand's last and grandest dream
        81 8 Reuter PARIS French President Francois Mitterrand today unveils the grandest and last of his architectural dreams for Paris, a vast National Library building that critics have branded a pharaonic fantasy. A defiant Mr Mitterrand, 78, stricken with cancer and due to step down in May
        Reuter  -  81 words
      • Article
        Lock icon Gingrich not well-liked: poll
        115 8 Bloomberg Business News WASHINGTON The more people find out about House Speaker Newt Gingrich (Republican, Georgia), the less they like him, according to a new poll. A survey conducted last week for Time magazine and CNN found that the percentage of respondents giving Gingrich an unfavourable
        Bloomberg Business News  -  115 words
      • Article
        Lock icon Bonn halts military shipment to Turkey
        62 8 Reuter BONN Germany has suspended a shipment of military material to Turkey because of Ankara's military incursion into northern Iraq, sources in Chancellor Helmut Kohl's coalition said yesterday. The material, which the sources said was composed of bridge-laying and other engineering equipment, was promised
        Reuter  -  62 words
      • Article
        Lock icon Italy urged to speed up pension reform
        67 8 Reuter ROME Italy's powerful employers' body Confindustria yesterday urged the government to act to speed up pension reforms, privatisations and preparation of the 1996 budget in order to help the ailing lira and ward off the risk of rising inflation. "There is a
        Reuter  -  67 words
    • Article
      Lock icon Draft code for US business in China gets cool response
      526 8 AFP WASHINGTON A White House code of conduct proposal for doing business in China that was quietly floated for reaction has received a cool response both from businessmen and human rights groups. The White House leaked the draft code in
      AFP  -  526 words
    • Article
      Lock icon Fed keeps hands off rates for time being, Dow unaffected
      540 8 AP WASHINGTON The Federal Reserve left interest rates unchanged on Tuesday, deciding to await further developments before making another move on monetary policy. Wall Street, which had pushed the Dow Jones Industrial Average to three straight closing records because of
      AP  -  540 words
    • Article
      Lock icon Latin American growth seen slowing to 2.5%
      250 8 Bloomberg Business News NEW YORK Economic growth in Latin American economies probably will slow to 2.5 per cent in 1995, down from an average 3.1 per cent to 4.8 per cent over the previous four years, according to an analyst at Salomon Brothers.
      Bloomberg Business News  -  250 words
    • Article, Illustration
      Lock icon The picture says it all
      79 8 Reuter ol d| iM rvrlist with a sDecial transportation bicycle passing a poster yesterday with the caricatures of (from left to right) Bill Clinton, lomncni Murayama and Helmut Kohl outside the conference centre where the UN Framework Convention on Climate Change is taking jlace.l h
      Reuter  -  79 words
    • Article
      Lock icon Canada's central bank chief preaches low inflation
      420 8 Reuter OTTAWA Bank of Canada governor Gordon Thiessen preached a message of low inflation and sustainable growth to a group of senators on Tuesday, mixing textbook economics with some cautious central bank optimism about the Canadian economy. In an appearance before the banking
      Reuter  -  420 words
    • Article
      Lock icon House buying plans boost US consumer confidence index
      424 8 Bloomberg Business News NEW YORK Consumer confidence in the United States rose unexpectedly in March as more Americans planned to buy houses and cars amid lower mortgage rates and steady employment. "The unemployment rate is relatively low so people feel their jobs
      Bloomberg Business News  -  424 words
    • Article
      Lock icon US execs less upbeat about sales and profits: survey
      280 8 Bloomberg Business News NEW YORK US executives turned less optimistic about sales and profits this quarter, indicating the current US economic expansion may have peaked, according to a Dun Brad street survey. About 80 per cent of the 3,000 US corporate
      Bloomberg Business News  -  280 words
    • Article
      Lock icon Kissinger calls for N Atlantic free trade grouping to resolve conflicts
      190 8 Reuter LONDON Former US Secretary of State Henry Kissinger yesterday called for a North Atlantic free trade association to help avoid conflict in the region. This association could be linked to whatever trading blocs the United States built up
      Reuter  -  190 words
    • Article
      Lock icon Wellcome Trust tops in investment income
      161 8 Reuter LONDON Wellcome Trust has the largest investment income among UK charities. According to the just-pub-lished Henderson Top 2000 Charities directory, the trust received £249 million (***** million) from its investments last year, putting it ahead of the Church Commissioners, in second place with
      Reuter  -  161 words
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      Page 9 Advertisements Column 1
      351 9 i As you may already know, Digital has beaten everyone always outperform them by a margin of 400 billion percent. else to 64-bit computing, which, among other things, offers Sometimes, the margin is only a few hundred percent. 4 billion times the data addressing capacity of current Or a few
      351 words
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  • FOCUS
    • Article, Illustration
      Lock icon A marriage of convenience between two strong partners
      1253 10  -  Proposed merger of Mitsubishi Bank and Bank of Tokyo From Anthony Rowley in TOKYO THE proposed merger of Japan's Mitsubishi Bank with the Bank of Tokyo may have global implications, in that it will create the biggest bank in the world. But
      AFP  -  1,253 words
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      341 10 I 1 ■P^ 3j&jgS| JL g|| |li BiyiHiSSlllliSKii IB^H m^mßKKKf^ A W Vfl H *wU o«»• r Roll lIMIHIIII|IhIM| r— Ttrract Reody by I Factory Type I Ready by Factory Type Ready by CAll ROLAND TAN Plus plenty Now you can apply to a floor I RENT lease or a
      341 words
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      Page 10 Advertisements Column 2
      65 10 Fully and tastefully furnished executive office suites Complete, up-to-date business support facilities Full-time staff at your service Conference room, impressive reception area Flexible long/short term lease, very reasonable rates with absolutely no hidden charges Call us now...a visit will convince you IMA# WORLD WIDE WWW BUSINESS CENTRE PTE LTD 111
      65 words
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  • INNOVATION & TECHNOLOGY
    • Article, Illustration
      Lock icon Predicting the chances of a disaster
      904 11  -  Chew Farn Chyi meets the man behind Iras, a system for assessing the likelihood and effects of natural disasters Chew Farn Chyi IS THERE a model to assess the probability of a major earthquake in Sumatra? And what would the impact of such an
      Source: Risk Management Solutions Inc  -  904 words
    • IN TAKES
      • Article
        Lock icon Flies with eyes on their legs
        78 11 NYT NEW YORK Combining elements of the sublime and the macabre, scientists have created flies that grow large, perfectly formed eyes on the most inappropriate parts of their bodies: on \heir wings, on their legs, on the tips of their antennae. The experiment offers
        NYT  -  78 words
      • Article, Illustration
        Lock icon Seeing in the dark
        44 11 Business Wire ROANOKE, Virginia The Night Enforcer (top), available to law enforcement personnel only, and the Night Mariner, for mariners, commercial fishermen and boat owners, are night vision products by ITT spawned of military cutbacks in the early-*****. Business Wire
        Business Wire  -  44 words
      • Article
        Lock icon Testing bone substitute
        72 11 Newsday NEW YORK A dozen American hospitals are testing a bone substitute that can be injected into fractures, where it quickly solidifies and encourages healing. Eventually, the substance may also be used to prevent fractures by mending the eroded bones of elderly patients. The substance mimics human
        Newsday  -  72 words
      • Article
        Lock icon Hot air from termites?
        53 11 Reuter LONDON Termite flatulence is to blame for as much as onefifth of the world's methane, one of the greenhouse gases causing global warming, scientists said last week. The termites produce about 80 billion kilograms of methane a year. Paul Eggleton of Britain's Natural Environment Research
        Reuter  -  53 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      395 11 If you're your compacourse |^Irfili>g|||l^[|Bjllllllß systems environment, this is your knowledge open systems experts from the Over the two days of this semiVenUG Marriott Hotel nar you'll gain valuable insight Date. April 11 12, 1995 j nto the rea( j ssues challenges conference topics: and solutions of open systems. Dav
      395 words
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      Page 11 Advertisements Column 2
      22 11 It could only be the SINGAPORE Harriott HOTEL Opening April 1995 320 Orchard Road Singapore 0923 Tel: 735 5800 Fa*: 735 9800
      22 words
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  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      1170 12 ADVERTISEMENT IBJ: I Partner in Asia's Economic I Development I IRI ronlrc mim In of 1994 > a ou v of 17scnior From day its first Asian re P resentative office in Hon g Kon g in 1975 H IDJ raims llUIIl" officers from the government, central bank and first
      1,170 words
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  • THE LAW PAGE
    • Article, Illustration
      Tan Geok Ser to rejoin legal fraternity
      416 13  -  AT THE JIM. By Conrad Raj THOSE who have missed the portly presence in court of lawyer Tan Geok Ser will probably be glad to know that he will soon be back. The former Raftlesian, who cut a familiar figure at cocktails and
      416 words
    • Article, Illustration
      Lock icon Keeping work rows out of court
      957 13  -  Cost control making more companies in US turn to in-house court systems, reports Kirk Johnson Kirk Johnson NYT THE FIRST time that one of Tom Frederick's management decisions at the Marriott Hotel here was overruled by an employee jury, he didn't like it, and
      NYT  -  957 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      185 13 Unfortunately, This Is What Most Secretaries See When They Type. HoTa7 -f-n whpcf- von 1 iupt 1 t* voor^ Presenting Brother View Mode Typewriters. Now, you can see what youVe just typed. AX 625: 80 (with GST $184.37) (with GST $287.37) Suggested retail price. a mm a We're at your
      185 words
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      42 14 lis HH set sail with three ships on a journey to discover Lf JL new lands. It took him years before he landed on the shores of America With Shipping Times he would CKIfKnCT"TI mTC have found America a lot sooner. lllliCu
      42 words
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  • SPORTS
    • Article
      Mardan will find it a different ball game at Rolex Masters
      488 15  -  THE ROLEX MASTERS •1995* By Shahiron Sahari SINGAPORE Singapore's Mardan Mamat, amateur champion at the Rolex Masters for the past two years, will discover how different it is to compete as a professional when he tees off at the
      488 words
    • Article, Illustration
      Lock icon Michael Miracle smashes his old record in spectacular Madison Square game
      775 15  -  By Ira Berkow NYT NEW YORK People were scouring the record books to find out when anyone had done in Madison Square Garden what Michael Jordan had done on Tuesday night against the Knicks. Like most points in a
      NYT; Reuter  -  775 words
    • Article
      Lock icon Visitors win big in NBA as home teams caught on hop
      467 15 AP NEW YORK It's a simple fact of life in the US National Basketball Association: The visiting team usually loses. Another fact of life: Things don't always go as expected. Tuesday night was a perfect example. Of eight NBA
      AP  -  467 words
    • Article
      Lock icon Japanese team out of America's Cup with loss to Kiwi boat
      414 15 AFP SAN DIEGO Japan's second try for the America's Cup ended on Tuesday when Nippon Challenge lost to Peter Blake's relentless Team New Zealand by 3 minutes 45 seconds. The Kiwis, winners of 30 of 31 races, then announced
      AFP  -  414 words
    • SCORE CARD
      • Article, Illustration
        Lock icon Basketball
        114 15 AFP NEW VORk NBA on Tuesday: Miami 115 Boston 126; New Jersey 113 Golden State 127; NY 111 Chicago 113; Dallas 114 Milwaukee 93; Houston 96 LA Lakers 106; Phoenix 102 Utah III; Portland 91 Atlanta 102; Sacramento 117 Orlando 106. HOUSTON, Texas Hakeem Olajuwon, who led the Houston
        AFP  -  114 words
      • Article, Illustration
        Cricket
        45 15 HAMILTON, New Zealand New Zealand beat Sri Lanka on a faster run rate in a rain-alTectcd one-day international yesterday. Scores: New Zealand 280 for six from 50 overs (N Astlc 95, A Parore 61 not out). Sri Lanka 117 for six from 31 overs.
        45 words
      • Article, Illustration
        Lock icon Boxing
        116 15 AFP CLEVELAND, Ohio Former world heavyweight champion Mike Tyson, whose release from prison on Saturday unleashed a deluge of speculation on his future in boxing, will read a statement at a press conference here today but he will not answer questions. Cynthia Case, a spokeswoman for Gund Arena, said
        AFP  -  116 words
      • Article, Illustration
        Goir
        66 15 VIRGINIA WA'l'fcß, Kngland PGA European lour money leaders after 10 tournaments (\-denotes non tour member): I x-Fred Couples (US) US$2BO,OOO 2 x-Nick Price (Zim) 143.845 3 Robert Karlsson (Swe) 141.650 4 Costantino Rocca (Ita) 138.360 5 Alexander Cejka (Gcr) 134.090 6 Mark James (Fng) 122.776 7 Jarmo Sandelin (Swe)
        66 words
      • Article, Illustration
        Lock icon Rugby
        149 15 AFP PARIS France sprang no surprises when they named their World Cup side for South Africa here on Tuesday. The selectors kept faith in the same men who won last summer's series in New Zealand only to flop in the Five Nations Championship. "The things that went wrong this
        AFP  -  149 words
  • Page 15 Advertisements
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      1154 15 EgS BANK OF NEW ZEALAND ygy Annual Report For The Year Ended 30 September 1994 BANK OF NEW ZEALAND AND SUBSIDIARY COMPANIES M amounts are expressed in New Zealand currency. BALANCE SHEETS PROFIT AND LOSS STATEMENTS As at 30 September 1994 For the year ended 30 September 1994 Group Group
      1,154 words
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  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      350 16 PS This BUD's For You J WHERE TO WINE, DINE AND ENTERTAIN I Htmtcstktd 10 Varieties of Pasta 20 different sauces *s. Ip I And all-time Italian favourites L MM P BkBo3SaKi^ftiatfShlW, Wl WR 350 Orchard M, Shaw House, Isctan Scods, 4tti level, 5(0923) Id: 735 0373 e Ml KB
      350 words
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      Page 16 Advertisements Column 2
      307 16 8 EXOTIC CUISINES FOR JUST ONE PRICE. (safe $16.80 lor lunch. Or $19.80 lor dinner. To get a seat, we advise you to call 737 2911 Ext 2868 early for a reservation. aooctartbouitwa Pnces subject lo 10% service charge. 1% c«ss 3% OST. Smgipat I(K4 gH A MongpHan Feast Hi
      307 words
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      Page 16 Advertisements Column 3
      372 16 "GOOD OLD *1 FASHIONED FUN. AT CLUB 5." English and Chinese all-time favourites performed live'. Drinking and dancing Fashion show every Monday and Thursday Happy Hours Monday to Friday, 5 pm 8 pm. with one for one standard dnnks. Club 5. It's the place for good old fashion fun. Plaza
      372 words
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      Page 16 Advertisements Column 4
      375 16 Celebrating Fish Let s drink to fish. Bouillabaisse or Tom Yam? Top of the M celebrates fish with a lunch buffet of every Imaginable fish recipe. Salmon, sole. Iqq snapper, sea bass... If It can be caught. It can be Qffty cooked. And we know all the delicious wags, rfj
      375 words
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  • LIFESTYLE
    • Article, Illustration
      Lock icon Keeping in tune with Asian music
      546 17  -  An Asia-Pacific equivalent of a major European music trade fair will be held in Hongkong. Corinne Kerk reports Corinne Kerk Asian music win be heard loud and clear in a trade event tailored specifically for the needs of this region, says Parisbased event organiser.
      Photo by Chris Loh  -  546 words
    • Article
      Across time and language
      351 17  -  Italian operas are sung in English, so why not a Chinese one? Susan Tsang previews a cross-cultural offering Susan Tsang WITH ITS elaborate make-up and costumes, and its graceful, stylised movements, Chinese opera is fascinating. But language is a big source of frustration what are those
      351 words
    • Article
      Lock icon What's brewing at Prince Charles' estates?
      307 17 CHATTERBOX AP AP AP UPI PRINCE CHARLES has a new way to raise money for his charities making herbal soft drinks from fruits grown on his estates. Coca-Cola and Schweppes Beverages Ltd will produce and distribute the non-alcohol-ic sparkling drinks. Duchy Originals managing director
      AP; UPI  -  307 words
  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      449 17 WHERE TO WINE, DINE AND ENTERTAIN EHtov, uwUiu I LP ~ITU Oi Olde English Eating House |t Orchard Rd #02-38 Specialists' Centre S (0923) OFF P I ;n you spend $25/- or more at Fosters for lunch "temoon tea from Mon-Sat, show us your valid f or monthly CBD pass
      449 words
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      Page 17 Advertisements Column 2
      24 17 fsul**Jtiryo#FixtZoneP*DL*< BOOK NOW for the KTV Rooms special promotion (For reservation please call *****36) Choreographed dance cum fashion show tonight! Singapore 1130 Tel: *****36
      24 words
  • Page 17 Miscellaneous
    • Miscellaneous
      Page 17 Miscellaneous Column 1
      1095 17 1 TV RADIO Under The Sun: Bull Magic, 9pm, W chi2 m w On the islands of Sapudi and _.i m Madura, cast of Java, the Kera- A pan Sapi, or bull race, is the .«Z, event of the year. John Bulmer JRI follows 20-year-old Ayup, last J year's champion
      1,095 words
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  • Article
    Wanted: More home-grown MNCs
    466 18 EDITORIAL FOREIGN multinational corporations have been a key factor in Singapore's remarkable development in the last 30 years initially creating much-needed jobs, then bringing new skills and technologies and helping to propel Singapore onto the fast-growth track. Now it is time for Singapore to grow its
    466 words
  • WHAT THE OTHERS SAY
    • Article
      One head better than none
      261 18 SO, the embryonic World Trade Organisation has a head at long last, after months of bitter wrangling over who should get the job of regulating the global trading system. With all the controversy surrounding the appointment of former Italian Trade Minister Renato Ruggiero as the
      261 words
    • Article
      Get on with Islamic finance
      153 18 AT LAST, the Malay Teachers Co-op is set to launch the first Islamic insurance scheme, better known as takaful. The idea, however, is not new. Since the watershed Malay-Muslim Economic Congress in 1985, the Muslim community has been buzzing with the idea of having an
      153 words
    • Article
      Smoother passage in Europe
      181 18 HAVING experienced the collapse of the Berlin Wall, the backlash of the refugee tide in Eastern Europe, and rampant robbery, drug trafficking and snakehead syndicates' operations in Europe, Schengen club members have long been determined to take other forms of action to prevent transnational criminal activities.
      181 words
    • Article
      Covering up the truth
      197 18 "STEP BY STEP, one step at a time. It is the only way we will find peace." The words of supreme patriarch Maha Ghosananda hold a common sense that is rarely heard in Cambodia today. His wisdom lies in the acceptance that the process of healing
      197 words
    • Article
      Extend the NPT
      130 18 WITH LESS than a month to run, one of the world's most important international treaties is in doubt. The Nuclear Non-Proliferation Treaty (NPT) will be extended, revised or abandoned at a meeting at the United Nations in April. Moves towards disarmament, including nuclear disarmament, must be continued
      130 words
    • Article
      Give foreign companies a break
      107 18 AFTER MORE than a decade of impressive achievements in the tax system, as indicated by the significant broadening of the tax base and the annual average increase of 24 per cent in tax receipts, we were surprised to learn that tax assessment is now the
      107 words
  • Article, Illustration
    Lock icon Gearing up to challenge Hongkong and Singapore
    880 18  -  Taiwan's major port of Kaohsiune is on an investment binge, aiming to take over as the post-1997 Hongkong of Asia. Isao Yamamoto reports Isao Yamamoto The Nikkei Weekly ALOUD ticking noise is coming from the forest of high-rise buildings pushing into the skies
    The Nikkei Weekly  -  880 words
  • Page 18 Advertisements
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      969 18 BUSINESS T^l^JVl_E_S__ TOLL-FREE TEL. No. 1-800-741-1883 1A X 741-1298 U5550,000,000 Floating Rate Certificates of Deposit due 30th March, 1998 In accordance with the provisions of the Certificates of Deposit, notice is hereby given that for the period from 30th MARCH, 1995 to 29th SEPTEMBER, 1995 (183 days) the Certificates will
      969 words
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      Page 18 Advertisements Column 2
      309 18 M THE MATTER OF THE COMPANIES ACT, CAP. 50 AND M THE MATTER OF POLY-PLAST (CAW) SINGAPORE PTE LTD In Member's Voluntary Uqdddion At an Extraordinary General Meeting of the members of the abovenamed Company duly convened and held at 436 Paair Panjang Road. Singapore 0611 an tie 28th day
      309 words
  • Page 18 Miscellaneous
    • Miscellaneous
      Page 18 Miscellaneous Column 1
      69 18 l:iSkiJgra£W!iasgEj FLOUJS DOUM hug, MRUTical GQU^ALE.NT on V-KXO f\jEASPvMT TO~A To THg. SEA POOT.' \pv u**STe/Wfe£ BPiS<£T. STROLL By TVt£ IT CAN) HP*RQLV MOVE I^Tnoaor AS if FtXXJS GGKTL>y J U3ITH TVie AmounlT of &&Xfcn grf^^aamac ooojh ib THE. SEA., .y JUNK P*hd RUBBISH sfeMsl PtJDPUE. ?S»!K, V lihiTo IT..
      69 words
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  • ANALYSIS
    • Article, Illustration
      Lock icon Electing for high-tech economic expansion
      1811 19  -  As Penan2 prepares for a crucial Malaysian general election expected soon, the state's Chief Minister, Dr Koh Tsu Koon talks to Kenneth James about the ace his administration holds: unprecedented economic growth on the back of a savvy industnal strategy Kenneth James The writer is
      Source: Penang Development Corp  -  1,811 words
    • Article
      Opportunities for complementarities
      748 19 IN recent years, Penang's industrial push has won it some notable catches. Most recently, USbased Dell Computer Corp announced plans to set up an 11,600 sq m manufacturing plant there. World-class high-tech acts like Hewlett-Packard. Seagate Technology, Quantum Peripherals and Komag USA have either come in or
      748 words
  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      178 19 This ci'inoufK trmnl appears as a matter of record only m I SIN SOON LEE REALTY CO PTE LTD I FINANCING PACKAGE OF SsloO MILLION Comprising H Ssso Million Short-term Advances Facility Ss4s Million Revolving Credit Facility H Sss Million Overdraft and Letter of Guarantee Facility H Arranger and Manager
      178 words
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  • Article
    Lock icon Bundesbank unlikely to cut rates at today's meeting
    519 20 Reuter FRANKFURT The Bundesbank will not cut interest rates at today's council meeting just to prop up weaker foreign currencies, despite yesterday's renewed dollar slump. Although most economists have ruled out a reduction in interest rates this week, traders yesterday predicted a
    Reuter  -  519 words
  • Article
    Lock icon China, UK agree on HK airport funding bill
    357 20 Reuter HONGKONG China and Britain have reached agreement on the Hongkong Airport Corporation bill that could guarantee funding for the controversial project, the Xinhua news agency said yesterday. The Hongkong government confirmed an agreement had been reached after more than one year
    Reuter  -  357 words
  • Article
    APB to own 60% stake in Yangon brewery
    271 20  -  By Yu Chin Fun SINGAPORE Asia Pacific Breweries yesterday said it has signed a joint venture agreement with a Myanmar government body to develop and operate a brewery in Yangon. Under the agreement, APB will have a 60 per ccnt stake and
    271 words
  • Article
    Lock icon US new home sales fell 14% in Feb to three-year low
    235 20 Bloomberg Business News WASHINGTON Sales of new single-family homes fell a larger-than-expected 14 per cent in February to the lowest level in almost three years, even as mortgage rates dipped below 9 per cent for the first time in
    Bloomberg Business News  -  235 words
  • Article, Illustration
    Lock icon SM Lee moots Viet task force on investments, aid
    359 20 The Straits Times HANOI Vietnam should set up a task force to examine how it can commit foreign investments as well as use the official development aid pledged to it, Singapore's Senior Minister Lee Kuan Yew said yesterday. He made this
    The Straits Times; Reuter  -  359 words
  • Article
    Lock icon Reining in power of derivatives a challenge: Bank Negara
    255 20 Bernama KUALA LUMPUR Casualties of financial derivatives over the last two years have generated interest and concern but the ultimate challenge is to bridle the power of this extremely useful instrument, said Bank Negara Malaysia. Financial derivatives should be put to
    Bernama  -  255 words
  • Article
    Lock icon Lawyer fears Britain prefers Leeson to be returned to S'pore
    267 20 Reuter. Bloomberg Business News FRANKFURT The German lawyer for Nick Leeson said yesterday he feared Britain would rather see the trader at the centre of the Barings pic collapse be returned to Singapore than be sent to Britain. "I have
    Reuter.; Bloomberg Business News  -  267 words
  • Article, Illustration
    Court TV: not a simple open-and-shut case
    740 20  -  The Bottom Line RAMESH DIVYANATHAN RAMESH DIVYANATHAN The writer is a BT journalist THIS EVENING, convicted molester Sim Seng Wah will make legal history in Singapore, and probably in the Commonwealth. A film of his sentencing, recorded in court sometime ago, will be
    740 words
  • Article
    Lock icon Japan won't negotiate on cars under US deadline
    100 20 Bloomberg Business News WASHINGTON Japan will refuse to negotiate an opening of its car market against a deadline set by the US, Japan's ambassador to the US said yesterday. Ambassador Takakazu Ku- riyama, speaking to reporters at a trade policy conference, said
    Bloomberg Business News  -  100 words
  • Page 20 Advertisements
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  • COMPANIES & MARKETS
    • Article, Illustration
      Liang Court lifts profit 42% to $9.6m
      364 21  -  By Abdul Hadhi SINGAPORE In line with analysts' expectations, Liang Court yesterday reported a 42 per cent rise in net earnings to $9.6 million for 1994. Its results for the year to Dec 31 show the higher profit was posted on a 42
      364 words
    • Article
      Shangri-La doubles earnings to $24.5m
      373 21  -  By Agnes Wee SINGAPORE Shangri-La Hotel's group net earnings more than doubled in the year ended Dec 31, 1994, thanks to higher tourist arrivals, a high occupancy rate and substantial dividend income from its overseas investments. Net earnings jumped 116 per cent to $24.54 million
      373 words
    • Article, Illustration
      CityDev net earnings up 75% to record $200m
      510 21  -  By Lilian Ang SINGAPORE Strong profits from residential property projects propelled City Developments' net earnings to a record $200.59 million in 1994, up 75 per cent from 1993. Turnover was equally impressive, breaching the $1 billion mark for the first time to
      510 words
    • Article
      Let market forces prevail with SES seats
      732 21  -  HOCK LOCK SIEW By Conrad Raj SINGAPORE The Stock Exchange of Singapore appears ready to issue a new round of licences to foreign brokers to participate in the local market. Rumours have been circulating for weeks now about the likely candidates, some of
      732 words
    • Article
      Compact Metal proposes 2-for-1 bonus issue
      265 21  -  By Teh Hooi Ling SINGAPORE Fabricator of aluminium windows Compact Metal Industries has proposed a 2-for-l bonus for shareholders, a move that will triple its share capital to $19.8 million and thus qualify it as a mainboard company. The bonus issue announcement was accompanied
      265 words
    • Article
      CAM Mechatronic shares pick up trading volume
      223 21 SINGAPORE Shares of component manufacturer CAM Mechatronic saw a trading volume of more than three million yesterday as interest in the counter picks up speed. The share price closed at a sixmonth high of 68 cents, up 5.5 cents from the previous day.
      223 words
    • EYE on your STOCKS
      • Article, Illustration
        MARKET MOOD
        49 21 Firm 'Market Mood' indicates the likely trading sentiment today, based on brokers polled at 5-6pm yesterday. Overnight events may alter sentiment. Brokers polled: Alliance, Credit Lyonnais Securities, Daiwa, Fraser, GK Goh, Kay Hian, Morgan Grenfell, Ong Co, Nomura, Phillip, Smith New Court, WI Can and SG Warburg.
        49 words
      • Article, Illustration
        HOT STOCK
        109 21  -  o —c -By Quak Hiang Whai DBS LAND has been drifting sideways for the whole of 1995. But volumes have been very encouraging in the last two weeks topped by yesterday's 2.3 million shares which changed hands. So despite its 12-cent climb yesterday, the stock could continue to
        109 words
    • COMPANIES
      • Article
        35% profit drop to $29m puts Parkway well below forecasts
        348 23  -  By Lee Han Shih SINGAPORE Takeover target Parkway Holdings yesterday announced a 35 per cent drop in 1994 net profit to $28.8 million, joining the growing ranks of companies that performed below market expectations. Its profit down from $44.7 million
        348 words
      • OTHER RESULTS
        • Article
          ITE Electric earnings double
          86 23 SINGAPORE ITE Electric Co yesterday said group net earnings doubled to $1.19 million for the year to Dec 31, 1994. Turnover jumped 36 per cent to $26.5 million due mainly to the strong growth in the company's electrical distribution and agency activities as well as increased
          86 words
        • Article
          Omni Mold earnings dip 2%
          59 23 SINGAPORE Omni Mold yesterday reported a 2 per cent dip in net earnings to $1.35 million. Turnover rose 3.5 per cent to $11.3 million. The bottomline would have been better by $201,497 were it not for higher exchange losses from a weaker US dollar. Earnings
          59 words
        • Article
          Hwa Tat Lee earnings down 44%
          84 23 SINGAPORE Furniture maker and exporter Hwa Tat Lee Holdings said yesterday that group net earnings fell 43.8 per cent to $2.54 million for the year to Dec 31, 1994. Turnover, however, rose 17.2 per cent to $82 million. The group said it incurred higher
          84 words
        • Article
          SingRe earnings up 14%
          64 23 SINGAPORE Singapore Reinsurance Corporation yesterday announced a 14 per cent increase in group net earnings to $8.5 million for the year ended Dec 31 1994. Singße attributed the higher profits largely to improved underwriting results owing to better claims experience. The group, however, reported lower investment
          64 words
      • Article
        Weak stock market cuts Lum Chang interim profit by 40%
        266 23  -  By R Sivanittiy SINGAPORE The poor stock market conditions during the second half of last year have taken its toll on listed construction group Lum Chang Holdings, which yesterday reported a 40 per cent drop in earnings and a 44
        266 words
      • Article, Illustration
        Lock icon Intraco chalks up record sales on PUB, car business
        403 23  -  By Schutz Lee SINGAPORE Intraco achieved record turnover and pre-tax profit in calendar year 1994, due to completion of power cable projects and a doubling of Rover car sales. Group turnover increased 28.4 per cent to $883.9 million, while pre-tax profit
        Photo by Arthur Lee  -  403 words
      • Article
        Insurance Corp reports 26% rise in group earnings
        190 23 SINGAPORE The Insurance Corp of Singapore chalked up a 26 per cent increase in group net earnings to $15.8 million in calendar year 1994, from $12.57 million in 1993. The latest result was on a 5.5 per cent rise in turnover to
        190 words
      • Article
        Straits Trading net earnings stay flat at $28.8m
        174 23 SINGAPORE Straits Trading's net earnings for calendar year 1994 was flat at $28.88 million up a mere 0.4 per cent from $28.76 million. The results were in line with analysts' expectations of $29.2 million in The Estimate Directory. Turnover increased 14.5 per
        174 words
      • COMPANY BRIEFS
        • Article
          Metro acquires Goldmax Investments
          99 24 SINGAPORE Metro Holdings Ltd said it had acquired Goldmax Investments Pte Ltd, an investment holdings company which has an issued capital of two shares at $1 each. Goldmax was incorporated on Oct 8 last year and has an 85 per cent interest in a property development
          99 words
        • Article
          UOB gets Vietnamese nod for branch
          85 24 SINGAPORE The United Overseas Bank Group has received a banking licence from the State Bank of Vietnam to set up a branch in Ho Chih Minh City, making it the first Singapore bank to do so. The UOB Ho Chih Minh City Branch will
          85 words
        • Article
          Lock icon Sanda Plastics plans resort hotel
          65 24 Bernama KUALA LUMPUR Sanda Plastics Industries Bhd, mired in a loss-making situation, is planning to develop a M 518.3 million (5510.2 million) resort hotel beside the Pedu lake in Padang Terap, Kedah. The resort, to be known as the Pedu Lake Resort, will be built
          Bernama  -  65 words
      • Article
        Magnum proposes bonus despite profit dip
        340 24  -  From Ruth Wong GAMING-BASED Magnum Corporation Bhd had good news for its shareholders despite reporting a drop in 1994 earnings. In releasing its results yesterday, Magnum said it was proposing to make a l-for-2 bonus issue. The group, however, announced a 2.53 per cent
        340 words
      • Article
        Lock icon Genting's income rises 14%
        167 24 Reuter KUALA LUMPUR Malaysia's Genting Bhd yesterday reported a 14 per cent rise in group net profit for 1994 which was within market expectations, but results of its subsidiary. Resorts World Bhd, were disappointing, analysts said. Genting said net profit rose to M 5546.43 million (SS3O6
        Reuter  -  167 words
      • Article
        Proposal spurs DBS Land warrants
        203 24 SINGAPORE A proposal by broker Robert Fleming Co to issue 40 million covered warrants on DBS Land shares sparked intense interest in the property firm's own warrants yesterday. The DBS Land A warrant, which expires next month, was the most actively traded counter yesterday. It
        203 words
      • Article
        Lock icon Sprint, partners to invest in US phone services
        216 25 Bloomberg Business News KANSAS CITY, Missouri Sprint Corp and its cable television partners said they'll invest US$4.4 billion (556.2 billion) over three years in local telephone services, putting them in direct competition with the seven Baby Bells and GTE Corp. Sprint, Tele-Communica-tions,
        Bloomberg Business News  -  216 words
      • Article
        Lock icon Royal Dutch/ Shell to axe 30% of jobs at two HQs
        153 25 Bloomberg Business News THE HAGUE The Royal Dutch/Shell Group will eliminate 30 per cent of the 4,000 jobs at its two world headquarters to reduce operating costs. The world's largest oil company said on Monday that it would probably
        Bloomberg Business News  -  153 words
      • Article
        Dairy Farm net earnings up 15% to US$227.4m
        322 25  -  From Lim Soon Neo in HONGKONG DAIRY Farm yesterday reported a 15 per cent increase in group net earnings to U*****.4 million (*****.9 million) for the year ended Dec 31, 1994. The international food manufacturer, wholesaler and retailer reported a 13.2 per
        322 words
      • Article, Illustration
        Lock icon Kodak says new digital imaging won't overtake its core business
        255 25 Reuter SAN FRANCISCO Eastman Kodak Co, which launched an ambitious set of products and alliances on Tuesday, said its new digital imaging business will not overtake Kodak's traditional photography business. "The rate of growth in this business should be very
        Reuter  -  255 words
      • Article
        Untitled
        528 25 Managers' priccs Mar 30 US Gr Fund 100 1 04** Singapore Unit Trust UOB Asset Mgt Ltd The Commerce 1.58 1.67 Unifiind 1.33 1-39 Die Savings Fund 1.43 l.5lxd IJmbond 1.025 1.050 S'pore Prog Fund 0.58 0.62 United Gr Fund' 1.55 1.62 S"pore Sec Fund 0.95 1.01 United Asia Fund
        528 words
      • Article
        Lock icon New chief sees role for Sony in communications services
        157 25 NYT TOKYO The incoming president of Sony Corp hopes to move his company into the communications business, including possibly television broadcasting and on-line information services in the United States. Nobuyuki Idei said on Tuesday that moving into the distribution of movies,
        NYT  -  157 words
      • Article
        Lock icon ING expected to post 13.4% profit rise
        351 25 Bloomberg Business News AMSTERDAM ING NV, the Dutch financial services company that bought Barings pic three weeks ago, is expected to announce a profit rise of 13.4 per cent when it releases 1994 earnings today. Five analysts polled by Bloomberg Business News estimate
        Bloomberg Business News  -  351 words
      • Article
        Lock icon Property slump drives New World profit down 15.8%
        401 25 Bloomberg Business News HONGKONG Six-month net profit at New World Development Co Ltd fell 15.8 per cent because of slack real-estate sales, analysts said. Profit after taxes and minority interests fell to HKSI.6O billion (*****.6 million) in the six months ended December
        Bloomberg Business News  -  401 words
      • COMPANY BRIEFS
        • Article
          Lock icon Pearson buys Grundy Worldwide TV
          85 25 AFP LONDON The British media group Pearson pic has bought Grundy Worldwide of Australia, best known for its TV soap opera Neighbours for US$279 million (***** million). Pearson yesterday said Grundy chairman and founder Reg Grundy owns 85 per cent of the company. Pearson, which
          AFP  -  85 words
        • Article
          Lock icon US, HK firms in Viet can venture
          68 25 Reuter HANOI Crown Cork and Seal of the United States and Hongkong's Swire Pacific yesterday broke ground for a US$4l million (SssB million) aluminium can plant west of Hanoi to supply Vietnam's fast-growing beverage industry. It is the biggest US non-oil joint venture
          Reuter  -  68 words
        • Article
          Lock icon IBM Japan back in the black
          61 25 AP TOKYO IBM Japan Ltd yesterday said it returned to profitability in 1994 as it sold more personal computers and work stations and cut costs. The company reported a group net profit of 13.2 billion yen (SS2I2 million) in 1994. It had a loss
          AP  -  61 words
        • Article
          Lock icon Walt Disney launches Taiwan channel
          79 25 AFP TAIPEI US entertainment giant Walt Disney yesterday launched its first ever overseas pay channel in Taiwan, providing a variety of animation and movie programmes. "This channel has been made possible... after the inauguration of our first broad-cast-uplink centre in Singapore which enabled us to
          AFP  -  79 words
        • Article
          Lock icon Kmart seeks new president
          66 25 Bloomberg Business News TROY, Michigan Kmart Corp yesterday said its board had set up a three-member search committee to find a replacement for Joseph Antonini, who resigned as chief executive and president last week. The second-largest US discount retailer also said it had nominated two candidates
          Bloomberg Business News  -  66 words
      • Article
        Tycoon's 2.5b peso rescue plan for PAL foiled
        335 25  -  Objections come mainly from directors representing govt's 33% stake From Al Labita in MANILA INTERNAL wrangling yesterday aborted tycoon Lucio Tan's plan to launch a 2.5 billion peso (SSI36 million) financial rescue scheme for Philippine Airlines (PAL). Mr Tan, who is the
        335 words
    • FINANCE & COMMODITIES
      • Article
        Property developer secures credit lines worth $100m
        317 26  -  By Paul Leo SINGAPORE Property developer Sin Soon Lee Realty has secured a $100 million financing package from 10 banks yesterday. The package comprises a guaranteed short-term advance facility of $50 million, a revolving credit facility of $45 million and an overdraft cum
        317 words
      • Article
        Brierley Investments to raise US$100m
        238 26 SINGAPORE New Zealand's Brierley Investments Ltd (BIL) is tapping US$lOO million (S$ 142 million) from the capital markets of Singapore and Hongkong through an issue of transferable loan certificates. The exercise is being done through its principal overseas financial company, BIL Group Treasury, Hongkong Branch.
        238 words
      • Article, Illustration
        Lock icon Minting peace and goodwill
        48 26 Reuter LONDON British Chancellor of the Exchequer Kenneth Clarke holding up a new coin which commemorates the 50th anniversary of World War 11. The coin depicts a dove for peace and bears the inscription '1945 In Peace Goodwill 1995, a reference from Churchill. Reuter
        Reuter  -  48 words
      • Article
        Lock icon China limits gold prices to calm market, ensure tax collection
        326 26 Reuter BEIJING China has set limits on gold prices for the first time to try and restore order to a chaotic market and ensure tax revenue, the newspaper China Gold said. From Jan 1, the State Planning Commission has altered
        Reuter  -  326 words
      • Article
        Japanese banks dominate US$50m loan for Thai group
        211 26 SINGAPORE Thailand's Charoen Pokphand (CP) Group signed an agreement yesterday with a group of financial institutions to raise a US$5O million (5570.5 million) term loan. As was the case with an offshore loan signed three days ago by Indonesia's PT Astra Sedaya
        211 words
      • Article
        DBS Bank is best bank in S'pore: Euromoney survey
        168 26 SINGAPORE DBS Bank was rated the best bank in Singapore and the sixth best in Asia by Asian borrowers in a survey by Euromoney, while Overseas Union Bank has been named Singapore's "Commereial Bank of the Year" by sister financial magazine
        168 words
      • Article
        Lock icon Oil importers in vulnerable position, warns IEA
        177 26 Reuter JOHANNESBURG Six countries could be called on to meet more than half of global oil demand by 2010, raising concerns about vulnerability of importers to any supply crisis, an International Energy Agency official said on Tuesday. lEA deputy executive director John Ferriter
        Reuter  -  177 words
      • Article
        Futures mixed after US supplies rise
        318 26 Bloomberg ENERGY RETORT LONDON Oil futures were mixed here and in New York after the American Petroleum Institute reported an increase in US crude inventories and petrol production last week. Crude stockpiles rose to within 98 per cent of year ago levels, while the
        318 words
      • Article
        Lock icon Currency Reports:London
        198 26 Reuter LONDON The dollar ended the European session battered and under pressure, propped up only by the slim possibility the Bundesbank may cut its repo rate at today's council meeting. Apprehension before the Bundesbank meeting helped to halt the dollar's sharp slide, even though it came under renewed
        Reuter  -  198 words
      • Article
        Lock icon New York
        90 26 AFP NEW YORK The dollar was mixed here yesterday, falling against major currencies except the pound in mostly technical trading. At about 1450 GMT. the dollar was at 1.3770 marks down from 1.3880 on Tuesday and at 88.12 yen against 88.90. In London, the greenback was trading at
        AFP  -  90 words
      • Article, Illustration
        Lock icon Untitled
        1575 26 raJcMt-ifhtfd indr\ mktitwnJ again\i ■Spurt-'» hip 14 iraJinx pannt-n Base year: 1985 US$/S$ forward rates Noon /Mar 29 s$ Bid Offer 1-month ***** ***** 2-month 1.4065 ***** 3-month 1.4025 ***** 6-month 1.3922 1 3942 Source: OCBC FOREIGN CURRENCY NOTE RATES As at 9mi m Mar 29 Singapore dollars to one
        Base year: 1985  -  1,575 words
    • COMMODITIES & FUTURES
      • Article
        Lock icon Euroyen, Eurodollars end mixed
        1310 27 SIMEX REPORT Reuter SINGAPORE Simex Euroyen and Eurodollar futures ended mixed, in the wake of an unchanged US credit stance and hopes for a Japanese rate cut. June Euroyen ended unchanged against its previous close of 98.27. September ended at 98.22 against a previous 98.24, and
        Reuter  -  1,310 words
      • Article
        HK gold closes firmer but off day's high
        649 27 COMMODITY REPORTS Gold HONGKONG: Gold closed firmer but off its highs reached on short-covering after remaining trapped within a tight range all day in slow trading. Bullion touched a day's high of US$ 382.90/383.40 an ounce before closing at U*****.80/ U*****.30, up
        649 words
      • KNIGHT-RIDDER COMMODITY SUMMARY
        • Article
          Thai sugar premiums to rise further?
          123 27 SINGAPORE Thai sugar premiums are poised to post further gains this year due to unabated demand in China, and despite traditional bearish factors such as big Thai and Australian crops, traders in Asia said. Premiums for April cargoes of Thai raw sugar were bid
          123 words
        • Article
          Japan copper ore imports rising
          82 27 TOKYO Japan's imports of copper ore and concentrate are rising as some domestic smelters gear up for production increases from Saturday. Japan's customs-cleared imports of copper ore and concentrate jumped 6.1 per cent in February to 278,289 tonnes, compared with 262,168 tonnes in February 1994,
          82 words
        • Article
          Daiyang's new stainless steel plant
          71 27 SEOUL South Korea s Daiyang Metal Co plan to build a new plant that will produce 60,0 CX tonnes of stainless steel plating a year beginnin second half of 1996. a Daiyang official said yestei day. The new plant will lift Daiyang's total annul stainless
          71 words
        • Article
          World zinc producer stocks down
          39 27 LONDON World zinc producer stocks totalis 314,940 tonnes in February 1995, down 21,66< tonnes from 336,600 tonnes in January and dow 133,250 tonnes from 448,190 tonnes in Februar 1994, European Zinc Institute figures show.
          39 words
    • Article
      COMMODITY PRICES
      1423 27 SICOM Futures Mar 29 Rubber (futures closing as at 5.30p«) RSS 1 Contract (S cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest Apr~95 274.50 274.50 271.00 50 275 (Why 267.50 1550 Jun 268.50 265.00 264.50 850 2725 Jul/Sep 262.50 261.50 262.00 1050 4350 Oct/Dec 261.00 261.00
      1,423 words
    • REGIONAL STOCK MARKETS
      • Article
        Australia
        1125 28 -6.7 SHARES closed weaker as investors fretted over impending, data on the country's current account deficit in February. The All Ordinaries Index eased to 1,893.0 points, down 6.7. The All Industrials fell 6.1 to 2,860.8 while the All Resources slipped 7.5 to 1,160.0. Turnover was 159.4 million shares worth
        1,125 words
      • Article
        Manila
        636 28 +51.82 Stocks surged for the second day as investors pounced on blue chips and second-liners considered to be bargains. The PSE Composite Index jumped 51.82 points, or 2.3 per cent, at 2,340.58. Turnover was 1.57 billion shares valued at 1.15 billion pesos. An analyst said the increase was across
        636 words
      • Article
        Seoul
        426 28 -11.46 Share prices slumped for the third consecutive day yesterday, due to a massive unloading of financial issues, brokers said. The Composite Price Index slid 11.46 points to 936.44 in dull trading with 25.14 million shares valued at 436.4 billion won. Falls swamped rises by 569 to 204 with
        426 words
      • Article
        New Zealand
        331 28 1.71 Shares were little changed as the end of a 13-day bond rally left traders wondering whether yields have bottomed for the moment, traders said. Benchmark New Zealand bonds due April 2004 were trading at 8.01 per cent, up from 7.93 per cent late Tuesday but down from
        331 words
      • Article
        Bombay
        182 28 -17.40 Shares ended lower in thin trade with scarcity of money supply and moderate selling pressure from local mutual funds preventing any uptrend. The 30-share BSE Index fell 17.40 points to 3,299.61 while the 100-share National Index slipped 5.74 to 1,610.38. "Most mutual funds have obligations to pay dividends,
        182 words
      • Article
        Untitled
        462 28 Taipei .Mar M IS Vol Advanced Fng 40 70 0 JO 4237 Asia L>mem 56 50 unch 1132 Cathay Constr *1 70 -020 1977 ahay lik Ins ***** I 00 2423 ham Hm Bank 165 00 2 00 2027 (heng Lnong 40 50 -0 10 2750 ChiaHsin Cement 40 50
        462 words
    • WORLD STOCK MARKETS
      • Article
        Untitled
        148 28 Britannia Funds Sterling Cask Bid Offer Mim ap Deposit M6400 M6500 Mim Jene> Gift 0 IWJ 0.1992 Mim Max Ikom 9000 «0 9400 US$ Cask Income Plus Fund 9 *000 10.3)00 PS Reserve t und S 4)00 5 4400 _J..«J92 0 49)4 Far EM Fund *2 7650 *2 97)0 Man
        148 words
      • Article
        Untitled
        182 28 Amsterdam Mar 19 Ffc ABN Antra Hotd.n* 56J0 1.2 Kcmm ***** 0 2 Ahold Koa 51 JO -O I Ak ao Nvord I JO JO -2.2 Alrcmaord 2» 50 -0» Aim* T2.TO -0* mwraMi Koa 29 60 04 Borwmij Wehfy 2120 -04 DSM Nvort 121 50 1.7 Ehc«icT It 20
        182 words
      • Article
        Untitled
        186 28 Zurich Mar 29 t rim Muvuisve Br 61J -M Brown Boim Br 105* -4 CS Holding Br 459 -I CS Holding Ret *2 0 Oha Geigv Br 754 +4 C iba GeigJ IN *49 unch (iba Gcitv Reg 756 4 rosea ir Br 610 10 Eleklrowatt Br 300 unch Fischer
        186 words
      • Article
        Untitled
        54 28 Vienna Mar» Avch AHA I5J0 5 Rank Austria PS 345 unch CA-BV VZ 562 J EVN 1200 4- 5 t lughaten 446 f Len/ing *1(0 |0 L ok2m 414 7 Macubn HW VZ 610 j OEMVVZ„ 979 VA Technologic 1007 Vcmchcr 2J» -2 Vcrt»uml A kite A 605 unch Wicnciticru
        54 words
      • Article
        Untitled
        41 28 Nasdaq -i* ln.eUT CP Lul«I)c%eto(*iwi«CP MCI rororoun CP *J MKTOwa CP «VJ v» Rank ()r*ani/JI<oo 13 Rcu.cn Hldg PW «J M Seagate Technology M 5£ Volvo All i»J® u«rt Wunhinxlon Ind Inc W VJ I'* Ydkm 7rr«h. Sy 10 V* -2/«
        41 words
      • Article
        MORGAN STANLEY CAPITAL INT'L INDICES
        379 28 la local car la S$ la l'S$ %4y%)t &f% yr Mar 19 ladw cl«e cfc* <*t <*t ckjt cfcf Wntd 4*J -01 -I* 00 OS 0.J J.J ttttf SIM 4.4 4.4 OJ -J.I H -OJ Luraoc JH< -02 -II 0.6 1.0 0* 40 Krifc 701.4
        379 words
      • Article
        London
        754 28 14.0 LEADING shares put in a stout performance yesterday in spite of pressure from a weaker pound and dollar. Early sharp losses were quickly recouped to leave the FTSE 100 trading most of the session in a tight range around the previous day's closing levels. Late session saw the
        754 words
      • Article
        Paris
        95 28 15.23 French shares closed higher, after having started with losses and despite the weaker dollar and lower bond prices. The CAC-40 Index closed up 15.23 points at 1,852.42. Paris >l»r Fr Air-Liquidc 771.0 4.0 Alcaiet Aiutkom 4201 6.7 BNP Parii 237.1 2.6 ElfAquM 172.0 I.J Lafargc oppee 161 0
        95 words
      • Article
        Frankfurt
        209 28 +7.14 German stocks were steady as upbeat earnings forecasts from BASF and Deutsche Bank offset concern the strong mark would further hurt exporters. The DAX Index closed at 1,918.84, up 7.14 points. Earlier, the index dipped below 1,900 for the first time since Sep 27 as investors sold export
        209 words
      • Article
        Brussels
        222 28 +0.46 A late rally, inspired by a recovery on other European markets, pushed Belgian shares to a fractionally higher close after having traded most the day in negative territory. Traders did not expect the market to slip much further as it was slowly bot- toming out. "The market is
        222 words
      • Article
        Milan
        150 28 -75 Italian shares heaved themselves ofT lows but still ended weaker on day, although traders said business had been subdued with levels little changed from yesterday's start. The Mibtel Index closed down 75 points to 9,611 after opening at 9,595. Banks were mostly easier after several turned in weak
        150 words
      • Article
        Amsterdam
        79 28 +0.33 Dutch shares recovered their early morning losses and sidled towards a mixed close barely changed from Tuesday's closing levels. Dealers said the buying interest which pulled the AEX index back from its day's low came mainly from small clients, with institutional investors reluctant to step in while worries
        79 words
      • Article
        Stockholm
        131 28 -11.9 Swedish stocks were affected by the rise in bond yields and the weak crown. Share prices took considerable falls and trade was characterised as cautious by brokers. The OMX-index fell 11.9 points to 1,116.09 in moderate turnover of 2.2 billion crowns. "Now it is the currency market that
        131 words
      • Article
        Zurich
        47 28 -3.04 Swiss shares ended little changed on moderate volumes. The sharp losses seen earlier were mostly recovered in the afternoon in technically driven, futuresrelated trading. Prices were also supported by a rebound on other European share markets. The Broad SPI index fell 3.04 points to 1,632.24.
        47 words
      • Article
        Johannesburg
        359 28 -11.8 Gold shares pared some of their early gains by the close as a firm rand countered a steady bullion price and renewed interest in the sector following recent declines, dealers said. They said industrials were drifting off in directionless trade and after key world markets eased. The Overall
        359 words
      • Article
        Toronto
        197 28 -3.01 Stocks opened lower in sideways trade, refusing to follow the lead of New York stocks, which opened sharply higher. Dealers said sentiment is still unsettled on BCE's sharp drop on Tuesday, and that high-tech stocks are hurting. The TSE-300 Index was off 3.01 points in 4,296.71 in volume
        197 words
      • Article
        New York
        795 28 +31.47 Stocks were higher yesterday morning as reports of Ingersoll-Rand's possible hostile bid for Clark Equipment boosted cyclical issues. At Ham EST, the Dow Jones Industrial Average was up 31.47 points to 4,183.28. Advancing issues led decliners by about four to three on the New York Stock Exchange,
        795 words
    • Article, Illustration
      Lock icon HONGKONG
      2799 29 Bloomberg Business News HONGKONG Stocks fell, led by utility issues, as investors retreated after a four-day rally. With the Hang Seng Index up 4.3 per cent in less than a week, investors grew concerned that prices have climbed too far, too fast, given the outlook for corporate earnings. The
      Bloomberg Business News; Source: Bridge Info  -  2,799 words
    • Article, Illustration
      Lock icon CHINA
      591 29 CLSA THE Hongkong H shares finished 1.1 per cent up, pushing the index to 1,125.33 on turnover of HKSIO6 million. Tsingtao rocketed over 13 per cent, with HKJ2B.6 million worth of shares changing hands. It was boosted by news that Anheuser-Busch may be increasing its stake in the company
      CLSA  -  591 words
    • Article, Illustration
      Lock icon TOKYO
      2553 29 Bloomberg Business News TOKYO Stocks dropped as investors lowered their offers on brokerages and banks the very shares that led Tuesday's rally. Traders expected investors to generate more enthusiasm about news of a marriage between two of Japan's biggest banks. On Tuesday, Mitsubishi Bank and the Bank of Tokyo
      Bloomberg Business News; Source: Bridge Info  -  2,553 words
    • Article, Illustration
      Lock icon BANGKOK
      1722 29 Reuter BANGKOK Stocks closed higher on buying of telecommunications counters and on news that a new fund will start trading today. The SET Index closed up 18.13 points to 1,229.70. Turnover was 97 million shares worth 7.35 billion baht. The Securities and Exchange Commission said it approved yesterday an
      Reuter; Source: Bridge Info  -  1,722 words
    • Article, Illustration
      Lock icon JAKARTA
      1182 29 Reuter JAKARTA Share prices closed relatively firmer in brisk trading, with market sentiment remaining strong, brokers said. "The market was driven by both by local and foreign players snapping up shares almost across the board, but liquid stocks appeared to move the market." one broker said. Sampoema made strong
      Reuter; Source: Bridge Info  -  1,182 words
    • Article
      CLOB INTERNATIONAL
      2283 30 Or Or Im Vol Day Ijsl QMt Di* Di» VM Nrt M ||||h Low < —T**> Sale |W0) High Ian Bayer Seller O P'K Sail MALAYSIAN STOCKS 472 73 m MSB 50c 464 +30 2163 472 436 464 4*6 }.0 -29 0 2 47 6 206 77.5 m
      2,283 words
    • KUALA LUMPUR STOCK EXCHANGE
      • Article, Illustration
        Lock icon Prices rise on relief over trade gap figures
        6601 30 Bloomberg Business News KUALA LUMPUR Stocks rose yesterday as word seeped out to the market that Malaysia's trade deficit had not ballooned. The Composite Index rose 22.96 points, or 2.4 per cent, to 987.71. The Emas Index rose 6.91 to 284.38. Turnover
        Bloomberg Business News; Source: Bridge Info  -  6,601 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        7264 31 Gr G* M Wl ■MM I... Vol Dat Last Quoie Dn Di> Vld Net Cap A»g High Lo» Coaiai) S«le COM) High Low Bujer Seller Or P'E fa»"l Price INDUSTRIAL AND COMMERCIAL 388 m. s Ac ma 50, 438 cd +14 164 438 428 438 440 22 5 26 92
        7,264 words
      • Article, Illustration
        Lock icon Good news from across Causeway perks up share prices
        1821 32  -  By R Sivanithy SINGAPORE Confidence in Malaysian stocks yesterday soared as fears of a disastrous Bank Negara annual report receded, diverting attention away from local stocks, the alarmingly weak US dollar and a softer US bond market. Late buying of index-linked
        Charts by Bridge Info; Source: Bloomberg  -  1,821 words
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      5 21 More corporate results, Pg 23
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      199 21 NEWS VALUE Pengkalen to make bid for Sunshine Allied at $2.26 a share (pg 1) The offer price is well below Sunshine's closing price yesterday. Yeo Hiap Song turns in $2.1 m loss (pg 1) Note the speculative interest in YHS (M) shares. Bundesbank unlikoiy to cut rates at today's
      199 words
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      660 22 v v HJ A M ✓jm TfiffltfG The Urban Redevelopment Authority is offering the following sites for sale by public auction and public tender. V. jjMfegjT 7WC NEXT 1 L y «»y PUBLIC AUCTION p arce Site Area Proposed Lease AUCTION Ugf Location Development Period (years) DATE Wednesday, 31 May
      660 words
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      564 23 iCk 2 /fi» 'fi IHr ttai II I Ilif I I n tr i I lapl I w w The RA ,s o fferin 9 or Ba,e by public tender two parcels of land atTuas and Kakl Bukit for comprehensive industrial development. The offer represents the Government s I V"*
      564 words
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      1772 24 1 3 6 SHANGRI-LA HOTEL LIMITED (Incorporated in the Republic of Singapore) The Directors of Shangri-La Hotel Limited wish to report as follows:IJNAUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 1994 The Group The Company 1994 1993 Variance 1994 1993 Variance Notes 000 000 $000 000 Hotel operations comprise the
      1,772 words
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      232 25 Jt&fflLPl TAM A N TAMAN PERINDUSTRIAN CZ C€M€RIANG Mb* Ic.oustTJ unveiling all the CEMERLAN BUSINESS B naM wmt% Biuz semidetachedFACTOßY CrfT S»w*dard Lot Size: 14.400 eq. ft. ■jftlL 4- Appro*. Covered Area 9300 aq. ft. detached factory Standard Lot Size 39,200 aq ft. Appro*. Cowered Area: 80,000 eq. ft. rm
      232 words
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      180 26 11-13 April KL Hilton Kuala Lumpur CONFERENCE HIGHLIGHTS: SPECIAL ADDRESS BY: Mugging risks to ivoid umeccraary mistake* HASAN ZEIN MAHMUD EnwgEoce of ocw Asianmarkets President Director, Jakarta Stock Exchange Call warrants Dragon bonds FEAIURINO A DISTINGUISHED PANEL Using hybrid instalments in the capital markets Rating Agency of Malaysia Using swaps
      180 words
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      Page 26 Advertisements Column 2
      1 26 CATS.
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      149 27 We provide consultancy services on offshore structures, shelf companies and incorporations in ALL jurisdictions, including British Virgin Islands Mauritius Cayman Islands Hong Kong Bahamas Western Samoa Full nominee, management, corporate secretarial and professional administration services are available. We specialise in offshore trusts, offshore banks, and captive insurance companies for qualified
      149 words
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      Page 27 Advertisements Column 2
      20 27 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead.
      20 words
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      123 29 1 Qwe Jdetu QJou/t Facing hair problems like balding, thinning hair, damaged hair, dandruff and premature grey air Don't despair, come to Hay's Formula, we give professional hair treatment with a secret fWV formulation made of 100%, HERBAL PLANT EXTRACTS. V > Hay's Formula provides all natural and effective solution
      123 words
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      60 30 SINGAPORE THE HOUR GLASS Takashimaya Shopping Centre Tel *****20 Lucky Plaza Tel *****62 Scotts Tel *****27 Centrepoint Tel *****98 Peninsula Plaza Tel *****09 Raffles Hotel Tel *****41* World Trade Centre Jy^SSmTel *****51 Chongi Airport Terminal I (West Wr»g) Tel *****60. Terminal 2 (South Wing) /I/ frm* Tel *****81 MALAYSIA THE
      60 words
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      447 31 T "T HM« !£o U ,7» MO M 56 iao I*6 980 507* 333* m m YTI W97M26 ADVERTISEMENT OS 630 mi I BAT 21c MS 660 6*) 1320N 14 5915 610 v 550 Qrvhjrd Pjii* 11*0 >>*0 "M 11SO IIM I*2 03 1 VAunflL 73 S Bcricr l«l 2V
      447 words
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      602 32 lflfWID TUM LUI IC THE KEY [~IZ"~Z~Z"Z7ZI~Z,'ZZ TUlffff InV rat 19 ffw ncr i s s~ 10 WINNING FOUR WHEELS. I I J Five persons may form a team and enter the team event without affecting the status in the individual event I (For official use only) 2ND PRIZE: Sony
      602 words
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  • Shipping Times
    • Article, Illustration
      Singapore's bunkering market expected to grow 5% a year
      567 33  -  By Rahita Elias SINGAPORE Singapore's bunkering market, which notched up sales of more than 17 million tonnes last year, will continue to boom as the standard of operations is enhanced. The Port of Singapore Authority's bunkering services manager, Seah Khen Hee,
      567 words
    • Article
      Lock icon P&O's pre-tax profits fall 33% to £349m
      282 33 Knight-Ridder LONDON UK company Peni .sular and Oriental Steam Na.igation (P&O), the biggest ferry operator across the English Channel, reported a sharp fall in 1994 profits on Tuesday but played down the impact of the Channel Tunnel. After exceptional items, pre-tax profits fell
      Knight-Ridder  -  282 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      594 33 Page Col Able Shpg 12 4/5 > Accord Group 13 1-3 ACL 14 1/2 •Ahlers Lines 15 1 Ahrenkiel Liner 7 1/2 •Appenship 7 4/5 fANL 6 4/5 •ASCL 8 5 Astro Shpg 13 4 Avant Shpg 9 4/5 #Bank Line, The 14
      594 words
    • Article
      Lock icon Turkey seeks talks with Russia on safety rules for Bosporous
      259 33 Knight-Ridder ISTANBUL An updating of the 1936 Montreux convention providing for the unhindered passage of commercial shipping through the Turkish straits is seriously needed, Turkish shipping officials said on Tuesday. The officials added that they need to sit down face-to-face
      Knight-Ridder  -  259 words
    • Article
      Tanjong Pagar Distripark fully occupied since Feb
      295 33  -  By Alec Almazan SINGAPORE The Port of Singapore Authority's Tanjong Pagar Distripark warehousing centre reached full occupancy in February. The distripark used to be a container freight station, where stuffing and unstuffing of containers was carried out. In June last year it was
      295 words
    • Article
      Lock icon Lloyd's, ABS and DNV unveil plans to promote marine safety
      462 33 Knight-Ridder NEW YORK Three major international ship classification societies, American Bureau of Shipping, Det Norske Veritas and Lloyd's Register of Shipping, have announced their agreement to start eight major initiatives and three safety studies. The three societies class more than
      Knight-Ridder  -  462 words
    • SIBCON '95
      • Article, Illustration
        A tool to protect interests of all parties
        1267 34  -  The Singapore Bunkering Procedure was introduced to prevent disputes. Tan Lay Thok looks at some of the issues covered in the Procedure Tan Lay Thok The writer is deputy manager (bunkering promotion). Port of Singapore Authority THE Singapore Bunkering Procedure (SBP) represents
        1,267 words
      • Article, Illustration
        Lock icon S'pore bunker industry set to scale new heights
        1058 36 Despite what the sceptics say, sales in Singapore are growing steadily. Better controls introduced by the authorities are also paying dividends Singapore Oil Report SINGAPORE'S bunker sales are heading for another record year as the country continues to pull ahead of rivals
        Singapore Oil Report  -  1,058 words
      • Article, Illustration
        Lock icon Solving bunker disputes through arbitration
        935 36  -  Tan Lay Thok gives the answers to some commonly asked questions Tan Lay Thok The writer is deputy manager (bunkering promotion). Port of Singapore Authority SINCE the implementation of the Singapore Bunkering Procedure, nine cases of bunker disputes have been referred to the Singapore International
        Dollars and Nonsense  -  935 words
    • Article
      DAILY FREIGHTS
      1730 37 THE Baltic Freight Index (BFI) _iost 22 points on Tuesday to close at 2,259 as a result of all routes being marked down with the exception of Tubarao/Rotterdam. Although Transatlantic rates are still reasonably steady the main areas of weakness are identified as US Gulf/Far East and the
      1,730 words
    • Article
      TRANSPORT DIARY
      371 37 COURSES Title: Graduate Diploma in Facilities Management Duration: Apr 4 Organiser Singapore Institute of Engineering Technologists Tel: For further details contact MMC at 224-8343 or fax: 224-2448. Title: Shipping Law Disputes (SDF Case-by-Case Basis) Duration: Apr 5 May 17 Organiser Singapore National Shipping Association Tel: For further details
      371 words
    • Article, Illustration
      Lock icon China's airport boom
      875 38 :The Chinese government is mounting a nationwide effort to build or expand airports in a move to improve air safety and promote economic growth AP HINA is in the midst of J M 'an airport boom from its poorest regions, J where travel is still largely by
      AP  -  875 words
    • Article
      THE SHIPPING GUIDE THE SHIPPING GUIDE
      13198 42 This is a list of ships loading at fl Singapore for ports around the world. It tabulates, by destination. A the name of the ship, the shipping line involved and the estimated r y dates of arrival and departure from the Port of Singapore.
      13,198 words
    • Article
      SHIPPING AGENTS
      3279 48 A« Containerline NV: Belsin Shpg Agencies Pte Ltd (SVManne Handling Sdn Bhd (PK/PN). Accord Group: Accord Shpg Pte Ltd (Sy Accord Contr Line (PK/PN) Adkris Business Corporation Philippine: Calsource Shpg Trdg Pte Ltd (S) Ahrenkiel Liner Service: Kim Shpg •Trdg(S). Albatros Sen-Air Service: Frata Shpg Pte Ltd (S).
      3,279 words
    • Article
      COURIER SERVICES
      275 48 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
      275 words
    • Article
      AIR FORWARDERS
      1510 48 Abe* Express Freight Td: 542-7171. Fax: *****84. Actinic Forwarder Td: 225-1833. Fax: *****42. Activair Singapore Td: 542-7822. Fax: *****20. Aerolink Freight Internaiioiul Td: 545-8033. Fax: *****05. Aerospeed Td: 542-5911. Fax: *****18. Air Cargo Novo Express Td: 542-5454. Fax: *****06 Air Express International Td: 542-7666. Fax: *****74. *****50. Air
      1,510 words
    • Article
      PORT CONDITIONS CHILE
      2761 49 ALBANIA Durres: Five vessels in port of which 2 loading bulk wine, 3 discharging (1 kerosene, 1 bagged urea, 1 bagged flour), no vessels in roads. ARGENTINA Santa Fe: No vessels berthed, no vessels in roads, no vessels due. Diamante: No vessels berthed, no vessels in roads,
      2,761 words
    • Article
      CRUISE & FERRY SCHEDULES
      313 49 CRUISE FERRY SCHEDULES CRUISE SHIPS Arr Dep Name of Vessel ETA El D Ports of Calls Port Agent Telephone No MARCH 30 30 Sea Goddess 2 Penang Jardinc Shpg Agcncies 224-1052 30 30 Columbus Caravellc Kukup Harpers Shipping 221-1388 30 30 Nautican Jakarta Lines int'l Holdings 276-7175 30 30 Renaissance
      313 words
    • Article
      SHIP SALES & TANKER RATES
      1100 49 SHIP SALES TANKER RATES ALTHOUGH the market continues to display a firm tone with positive interest for more modern vessels, the bulk of the sales concluded this week involve 1970's built tonnage. The Japanese controlled ore carrier River Princess (114,000/75) is sold at around US$5.l million with a time-char-ter back
      1,100 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        479 50 to* N> B«rth P»«HFtat Vwsd toy N» B«Hi Mn* Dtpartut hironc Port Baum ****** poia 3003/2030 3003/2230 Batam Mtm 03/07/% J1 Jtonjsde 30.03/2315 &n Sena 05£ P02 30°3/1930 3103/1600 Gate SIar HO J12 alor*sde 3003/1200 Ch«*hi 13S P02 3103/2359 02 04/23® Itaxh Soanker 3 6 atawde 30.03/2300
        479 words
      • Article
        CONTAINER SCHEDULES
        1386 50 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING OF EXPORT FCL CONTAINERS AND LCI CARGO Record Bodunf/Batance Rslts Ship Voy No Etb/Btr Poriod From To From to 2318 31/1900 2A 29/1700 30/0659 30/0900 4 30/1200 30/1*59 30/1700 At victory 0060A 31/1500 1A 29/1500 29/1659 29/1900 IB 29/1500
        1,386 words
      • Article
        COCKETT BUNKER MARKET REPORT
        869 50 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
        869 words
      • Article
        VERITAS BUNKER QUALITY REPORT
        483 50 Mar 23 D«*T "«ta Only Rate Rotate fab Nnttm Saftnnl T ——H M/M M/M Z boon txxor KG/M*3 V/V 1 M/M M/M PPM method KG/IT3 V/V M/M M/M PPM method X' t 4 EarfmilM 180 Aw 986 0.4 13.3 0.07 27 000 GO/taclM. 911 1 1
        483 words
    • AIR AND LAND TRANSPORT NEWS
      • Article
        Aerospace companies to get new service on Internet
        271 52  -  By Alec Almazan SINGAPORE Communications major Sita Group is introducing an Internet protocol network that allows transmission of data among aerospace and air transport companies over the net. Named Aeronet, this is the first in a series of commercial Internet protocol services
        271 words
      • Article, Illustration
        Lock icon China welcomes Qantas after 8-year absence
        52 52 Reuter BEIJING Chinese hostesses marching from the tarmac at Beijing's Capital airport after having completed welcoming ceremonies yesterday —rfcing the resumption of flights between Australia and China after an eight-year break. The Qantas jumbo jet, unala Dreaming painted in aboriginal design, is in the
        Reuter  -  52 words
      • Article
        Lock icon Air Inter workers on strike, disruptions expected to spread
        445 52 Reuter PARIS Striking workers forced Air Inter, France's main domestic airline, to cancel a third of its flights on Tuesday and disruptions were expected to spread this week to railways and Paris transport, officials said. Air Inter said on Tuesday the
        Reuter  -  445 words
      • Article
        Lock icon EVA Airways planning to buy domestic carrier
        148 52 AFP TAIPEI EVA Airways Coip, Taiwan's largest private airline company, is planning to buy domestic carrier Makung Airlines for some NTSSOO million (5527.2 million), the United Evening News said on Tuesday. EVA, an affiliate of the Tai-pei-based Evergreen Group, which operates the world's
        AFP  -  148 words
      • Article
        Lock icon US approves sales of Chinese-made aircraft
        407 52 Bloomberg Business News BEIJING China's nascent civil aviation industry has been boosted by a series of approvals on the safety of Chinesemade aircraft and components by the US Federal Aviation Administration (FAA). Thomas McSweeny, the FAA's director of aircraft certification, said the US had
        Bloomberg Business News  -  407 words
      • Article
        Lock icon Hyundai gets US$62m soft loan from govt
        221 52 AFP SEOUL South Korea's biggest car maker, Hyundai Motor Co, obtained US$62 million (5587.4 million) in low-interest government bank loans on Tuesday, signalling an end to invisible sanctions on the firm, company officials said. Hyundai officials hailed the soft loan as a "sign
        AFP  -  221 words
      • LOG BOOK
        • Article
          Lock icon Thai aid for Laotian airport upgrading
          96 52 AFP BANGKOK Thailand will provide a grant of 50 million baht (SS2.B million) to pay for improvements to Luang Prabang airport in central Laos, a news report said on Tuesday. The money will be used to build a passenger terminal, a flight control tower
          AFP  -  96 words
        • Article
          Lock icon New Zealand rail workers strike
          79 52 AFP WELLINGTON New Zealand's railway system was at a standstill yesterday as its union members took their first national strike since 1967. The strike, over a pay claim, bought chaos to Wellington, where rail is the main form of commuter transport, and less problems to
          AFP  -  79 words
        • Article
          Lock icon China's rail engineering breakthrough
          99 52 Bernama-Xinhua TIANJIN, China Engineers with China's Ministry of Railways have made a breakthrough in developing a new type of compensator to achieve constant tension on the power lines of electrified railways. Power lines expand with heat in summer and contract with cold in winter, but the
          Bernama-Xinhua  -  99 words
        • Article
          Lock icon Fiat plants to start Saturday shifts
          93 52 Bloomberg Business News MILAN Italian car maker Fiat SpA,faced with growing demand for its cars, has reached an agreement with its unions to have Saturday shifts at three car factories. Numerous Italian companies have been seeking to keep factories open 24 hours a day,
          Bloomberg Business News  -  93 words
      • Article
        Lock icon M'sian vehicle industry told to prepare for greater competition
        291 52 MBT KUALA LUMPUR Importers of completely-built-up (CBU) passenger and commercial vehicles have been told to start adopting appropriate strategies to face increased competition when the market protection they now enjoy is eventually withdrawn. International Trade and Industry Minister Rafidah Aziz said
        MBT  -  291 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1572 52 a% n*t ra nm tn_ at* nm ro nm ra. Abu MuM GA985 1105 SQ441 1500 Tummtkn SQ803 1935 SQ804 1050 GA883 1520 1_ Mjmm4 VN741 1310 VN740 1410 AMaMa QF81 1930 Qf82 2050 SQ228 2055 "atyal TG407 2120 Amsterdam KL843 0545 KL838 2300 SQ25 0650
        1,572 words
      • Article
        Lock icon Boeing sells 737-700s to German operator
        128 52 Reuter LONDON US aircraft market Boeing Co said on Tuesday that German inclusive-tour operator Germania Flugggesllschaft has ordered 12 next-gen-eration Boeing 737-700s in a deal estimated at US$5l2 million (*****.9 million). Boeing said in a statement that deliveries should start in the fourth quarter
        Reuter  -  128 words
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      31 33 New Express Service HAMBURG E. EUROPE Effective from April '95 Pis see Pa 6 for schedule China's airport boom, Page 3 Aerospace companies to get new service on Internet, Back Page
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      53 33 A tool to protect interests of all parties, Pg 2 S'pore bunker industry set to scale new heights, Pg 4 Solving bunker disputes through arbitration, Pg 4 Line* and services represented by Members of the Registry of Accredited Shipping Agents, Singapore National \\nny Shipping Association. For advertising enquiries, contact Shipping
      53 words
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      Page 33 Advertisements Column 3
      30 33 w PERSONAL FINANCE INVESTMENT Every Saturday in Business Times STRAIGHT TALK You shouldn't have to read between the lines to get the full picture. Companies Markets. Everyday. Business Times wmnnrntum
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      41 34 Right Product Competitive Price Reliable Service Far East throughout the world Contact: Tel: 221 1255 Tlx: RS ***** TRAMP Fax: 227 0420 Cable: TRAMPOIL TA TRAMP OIL J (Far East) Pte. Ltd. 70 Shenton Way #17-01 A Marina House, Singapore 0207
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      242 35 W£ M^^m iT?T7S I 'v r. ♦<*&■ in> ■PT-' i^^^^^RlSßiP^VflS&^wiily^Hl^^^^^H flfe j Brat a m 1 J^BB^ißfr^-lHfsßi^^B^ ■Kn. '1r B I xjlV' I,'i BSt* I i 1 iKjffcV_^i^g:if '^^B >aflk BUBofff!^^^^^^H 111 li^PS^JVf^K^KlilF^l^^^H Pp- l Ci'4?lflF mP VX Hw9r Br--<e B|' Ijß 4 B LS» .Tb f AiTE L' S.
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      67 36 mml I 1 *PP^ 1 9\• 1 9 :£g-« r- J agflffß vr^^pi --|f '■""epSitiwT 1 marinefuels and lubricants •»1 -X >* f t 4 M »Jr'"'- 1 4 i 1 .f5».: 'I i x I '<iy "fe M V-: I,' Contact: ACMES BUNKERING SERVICES PTE LTD 10 Jalan Besar
      67 words
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      1623 37 11K I I OTHER I HORTH AMERICA I SjW» (L§ A£L §j» T0(( n MOTHIHVV WY V "TTlFfflXAttSgL IT tCA |TT OUTf ZSoT PT CAL ISAA LOIWfl) 1 KAWTIA tttgLYOT WO ~ljs AIMtIH QAHUMO WWCWW~ BATTU «TQW CAUFORMA IEHCURY 1M M WOU 115 2)J I»J SI IJUM CALFOWA JUfTTB V7I
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      Page 37 Advertisements Column 2
      28 37 0 o o o o 0 0 v: LEAD BY EXAMPLE For some of the best examples of Good Management. Enterprise Management. Every Monday. m Business Times mauwtm
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      Page 38 Advertisements Column 1
      679 38 mla Cfl9pn!B2AnAp; b LJUi U AoI*SHIPPiNGCOISAG) .«s»g I II SEALORD SHIPPING AGENCim FAX:224a013 B Ihasar \s aa a a a aaa :s «SH a a 3 llSr 1 a 1 .il lllhsl ISBSg lllalal Irassr lilalal I 1 1 rT mm TnnnniiiNi ii iifiiimiinniiiiiiimfiiinfifn" I iJllllllim I IwTvnY IMMI Hm
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      Page 38 Advertisements Column 2
      423 38 ANL. IT'S AUSTRALIAN FOR SHIPPING W J TO AUSTRALIA (EAST COAST! I FROM AUSTRALIA (BAST COAST! j ntUL/vor *t ma tsf mi itd ki sim not vtsstuvor sto mii mot *t w pm A MWA *1» lU4 ISM ISM MM 24M A JAYAIAMTA (111 11M 14M MM SIM S*M A
      423 words
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      1517 39 —————————j— R'DAM LE PORT VESSEL VOY. NO HAMBURG ANTWERP HAVRE AMPTON KELANO SPORE HKO KAO TYO SMI OSA NAO KAMAKURA 36/300 26/2 2/3 V 3 23/3 24/3 28/3 30/3 3/4 4/4 7/4 KATSllftAa 25/409 4/3 V 3 6/3 1/3 2U3 30/3 8/4 4/4 HAMBURG EXPRESS 01/210 <V 3 *3 11/3
      1,517 words
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      Page 39 Advertisements Column 2
      447 39 JJB Ik TORO 6/4 Rdm/Atw/VJK/Nantos NAND NAKUL 3/4 8/4 Rdm/Arv./UK/Nantes I BALA BAN 1 18/4 22/4 Rdm/AtwAJK/Nwitm I Load* E-/W Matayisa. MdonaaM I [Loading (or 1 SADAN KALKAVAN [>jbai/DammarVKuwa/t I BUFFALO Jeddah/Aqaba/Tripoh/Algeha I SAMMIFBONPIER I 'Loads Singapore, E7W Malaysia, Indonesia I I Loading (or SAMMI FORTUNE Loo Ange«es/New Orleans/ I
      447 words
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      Page 39 Advertisements Column 3
      1433 39 I NORASIAI VSUVOY sm ALO BCL VAL HAM BRE ROT ANT FEL LHA I NORASIA KIEL 9612-3 3193 2094 2394 2494 2394 2494 2694 2694 2694 2794 I SI PRIOE SI3W (694 2694 2(94 2694 2(94 2(94 3694 (196 (196 (296 I SL VALUE 514W 1394 (295 0695 0(95 0695
      1,433 words
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      1177 40 JKTKQ STRAITS SHIPPING PTE LTD 10 Hoe Chiang Road *11-01 Ksppel Towers Slajaporo 0208 Tel: *****00 Fai: *****17 JfefeA NEW GUINEA PACIFIC LINE fiUIUiaJiSIiZIUM C+M&j (A SERVICE OF CHINA NAVIGATION CO) ACCEPTS Wijip CARGO OUf SAILS PRAiIS VENTURE VKO7EKX.SM.IkN SI AO3 Apr IB Vr 04 Apr pct,ta. COUHMNI AMP —AWUUt
      1,177 words
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      Page 40 Advertisements Column 2
      1753 40 Singapore Agent: UXyf 1 I P&O Containers (Singapore Agencies) Pte Ltd JL IIVB 9 10 Hoc Chiang Road, 907-01 Keppel Towers, Singapore 0208 First Class Connections WORLDWIDE PNOCS te 215 75,7 EXPORT IMPORT utIKL VOV PMS fW 5N SOO ANT MOT HAM OOT BMC L«H VESSEL VOY ZEE OOT ROT
      1,753 words
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      Page 40 Advertisements Column 3
      506 40 >4 OUTBOUNO PKL PEN JOH SW HKG KAO TAI KH YOK TKY NAC KOB OSK JgQj_ _jjg_ WAN HAI 211 *827 Ml MB 38-31*3 84*4 18*4 BM4 18*4 U*4_ _18*4_ Jt*4_ WANHAI222/NBl3 2X3 38*3 11*4 84W4 17*4 BW4 IM4 11*4 17*4 WEI 18*4 1 Z MAN HAI 213 4W22 81*4
      506 words
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      514 41 JOINT VENTURE I V!y SAMUDERA INDONESIA C|R I RICKMERS win .SINGAPORE CHINA l f MSA SEPIA. UH ¥0Y MM 13 APR QMGMO I GREEN ERA DRY DOCXMG XMGANG I SHANGHAI I INDUCEMENT CALL P KELANG INDUCEMENT CALL HK. I P GUDANG. BCIAWAN, TG MAN XIAACN, HUANGPU I 0 UTAMA HARTA
      514 words
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      Page 41 Advertisements Column 2
      1131 41 OHANJIN SHIPPING BOOKING TEL:- *****35-237 OPERATION TEL: *****41-253 SALES TEL:- *****30-233 L: 32^71- 275 MNJmSIISAPORE 0171 6/4 MKcT" 1 27/4 M/ 4 5/4 ISiBMMMMNII3I 3173 "/S "s "J/S 13/4 OKC 4/5 5/5 6/5 HANRN PONABG 1571 7/4 M. ASU I2IE 11/5 12/5 14/5 4ANM HONGKONG 04K 20/4 OKC' 11/5 12/5
      1,131 words
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      Page 41 Advertisements Column 3
      56 41 SOON KIAT SHIPPING PTE LTD 3 SHENTON WAY #20-05/06 SHENTON HOUSE REGULAR SERVICE TO SARAWAK BRUNEI STORE Sh Pujut 06/95 BintaAi/Mn U/04 Superior Gtory 04/55 Port 03/04 Maju Von| Hu» 05/95 Binliiu/tfei 04/04 c«r|« >1 fair f» \*t "M Atcpbn| fa mi rtrf« contwwr ml up to 30 torn I*
      56 words
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      Page 41 Advertisements Column 4
      1337 41 EUROPE/UK/SCANDINAVIA/FINLAND/RUSSIA 'l SBP RDM HBO THP ANW LHV IHV ANW TUP HM ROM PKL Nf' i. RACER RW-004 31* 20* 23* 25* 27/4 20* I. 6LEAMY RE-041 1/3 7/3 1/3 1* 1 E RESULT RW 002 7/4 3/5 30/4 275 4* 5* I 6IANT RE-OM 13/3 14/3 10* 1«/3 15/3
      1,337 words
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      2590 44 lltoinifif" I TO ppiNffMijifii itMt&UMM* ;SS5Hir ISSSBas' TZ-rasrir^™'" UfSTrtV,"" c JUHJg&~~" ttoifiiVci: fSTSliir"" TKMLbii CM Tte lntm/t»a ftm UA tot Cwrt fn« Km* mm WYA« sty mi IM CM asm;**** wi D* —tw m woo mm WTMI D* M WC MP smcMH Oom 01/04 R./05 00/ os os,« £S iiS
      2,590 words
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      Page 44 Advertisements Column 2
      608 44 (ft FAMOUS CONTAINER LINES yjl— 80 ROBINSON ROAD, #22-02 SINGAPORE 0106 HOT LINE: *****33 (30 LINES) ANNOUNCEMENT LCL CONSOL TO KOBE PORT ft ON EVERY MONDAY CONTACT: JANICE LEE HOT LINE: *****33 (30 LINES) P. KLANG PH: 0203-*****02 (10 LINES), PENANG PH: 0204-*****7 (10 LINES) J. BAHRU PH: 0207-*****22 Eg
      608 words
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      1169 45 1 VESSEL VOY SIN JKT SIN PEN M i| bhatra bhum 753 sat 1/4 Tua *j* Qumj BH um sun Tv* t»» B p I VESSEL VOV I SIN I BKK I VIRA BHUM 12S8 Sun 2/4 Fri 7/4 THANA BH UM 115N Tw 4/4 Wad S/4 II MAHA BHUM
      1,169 words
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      Page 45 Advertisements Column 2
      705 45 79 ANSON ROAD, #21-01, SINGAPORE 0207 TELE: *****92 FAX: *****57 CR **********0N STRAITS SHUTTLE SERVICE PORT KLANG PENANG VESSEL I vor I SW PKL VESSEL VOY I SW PEN St* LAUREL 3MN 30 3 (THU) 313 ifWi XOUO IAVA 9SOIB 31/3 (fRI) 2 4 (SUN) EAGI.E BREE2E 197 A 30
      705 words
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      Page 45 Advertisements Column 3
      238 45 GOLDEN LINE A Dft&% GUAN GUAN SHIPPING ITSsXA (PTE) LTD 23. M «y« Stmt SMGAPOK 0104 TEL: 5343M1 (II IMS) Far *****04 (CD No *****SS0Q0M) BTRAIT»/m»IAW CULT ICRVICI Sport P. Ketang Penang GOLDEN GRACE Karachi Dubai Kuwait 4/6 Apr GOLDEN BEAD Karachi Dubai Kuwait 16/11 Apr CHIHA IMYICT GOLDEN WOfOER
      238 words
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      980 46 ADVANCE CONTAINER LINES (PTE) LTD A f\ |2 140 Cecil Street, #12-00. PIL Building. Slngepore 0100 ——JLX Vm I TEL: *****21, FAX *****19, TELEX :R8 ***** ACLPL —ll_Z CR NO 1M*****000E i 1[ ~1 nff. 1 S«iltng K) LCM) <> Sal»na/Waafc) PORT AUTHOSITT THAILAND „«v Tn SHE MM WMR VOY
      980 words
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      Page 46 Advertisements Column 2
      885 46 VtSSUS VOY SM U HAVK HAMBURG THAMES ROTTERDAM AMTWERf Win QE WORMA N0«W~ 31/03 11/04 20/04 22/04 ?3/0« 24/04 Vt.Lt DC CAWWA CO«H 04/04 2»/04 26/04 21/04 30/04 01/05 MLU OE SAOTTA SO«W 10/04 01/05 03/05 05/05 06/05 07/05 VULE 0 AQUIA AO«W 10/05 12/05 14/05 15/05 16/05 •AISO ACCEFTMG
      885 words
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      Page 46 Advertisements Column 3
      600 46 MYANMA ÜB, FIVE STAR LINE (Myanmar National Line) Loading for Yangon (Rangoon) Spore P.KIf Pen P.Gdg TICHMAT PIONEER V 3 In fort MTOMATWA VISSW In Port MP* -AN V2O9W 4/6 Apr MALAYSIA AGENTS BOUSTEAO SHPPMG AGENOES KUL: Til 0243 *****00 MIL: Til 02-03 *****57 PIN TIL 02 04-2****** PCD TIL
      600 words
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      565 47 S RICHFIELD MARINE AGENCIES (S) PTE LTD TEL: *****33 (12 Lin«e) FAX: *****15/*****03 TELEX: RS ***** RISHIP (3 Lines) CR NO.: **********0E ETHIOPIA* SUPPING LINES f; Lines erf Ethiopia) ACCEPTING FCL AND CONVENTIONAL VmMl Voy ETA Loading For Spor* i Andinot 38WB 16/04 Mombasa, Djibouti Assab. Massawa 1 Abbay Wonz
      565 words
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      Page 47 Advertisements Column 2
      571 47 A WM fc AFGHANISTAN M&M Afghanistan Ltd., Hairatan. Torghundi. Islamqala (Doqharun) IVICxIwI C.1.5./RUSSIA: A ma Ata, Ashkhabad, Baku. Dushanbe. I I Irkutsk. Khabarovsk, Krasnoyarsk. Korsakov. Moscow. MllltZer Munch Novosobirsk. Sochi. Tashkent. Tbilisi. Vladivostok. Vostochny International Forwarders Mongolia: uiaan Bator n Korea: Pyongyang, Nampo EXPRESS CONTAINER SERVICE to west coast south
      571 words
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      Page 47 Advertisements Column 3
      402 47 ■L4AMN CONTAINER LINES, INC MAC-NELS SPORE: *****22 (24 LINEB) V-J V/ 'cm M» 1200S7S0000C SIBU (084) *****9 KUCHINQ (062) *****3 PENANG: (04) *****6 BANGKOK (662) *****67 MANILA (632) *****61 P-KELANQ: (03) *****77 JAKARTA: (21) *****07 SURABAYA: (31) *****0 ASIA HKG/TWN/BKKI GENOA/EUROPE PEN PKL SIN 5 SAILINGS/WEEK PEN PK SIN 28/3
      402 words
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      Page 51 Advertisements Column 1
      476 51 I ▲HYUNDAI I MERCHAHT MARINE CO. LTD. WESTBOUND TO EUROPE BKG: *****61 [m [rei reo was voy sm im ant leh ham bre* f& ~am ***** *****~ n MNOVATOR 314W 03/04 21/04 23/04 22/04 23/04 23/04 25/04 05/04 07/04 OS/04 H. EXPLORER 316N 10/04 21/04 30/04 29/04 30/04 30/04 02/05
      476 words
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      Page 51 Advertisements Column 2
      1120 51 fwl M I VESSEL VOY 1s« ETA/D LAX I OAK I CH HM/COt I HOU NYC 1 NOR I DAI ~j ALLIGATOR VICTORY 60A 31/03/01/04 16/04 11/04 19/04 20/04 21/04 21/04 22/04 20/04 MACKHAC BRDGE >4* 06/04 /07/04 23/04 25/04 26/04 27/04 21/04 21/04 20/04 27/04 ALLIGATOR TRIUMPH 62A 13/04/14/04
      1,120 words
  • Page 51 Miscellaneous
    • Miscellaneous
      Page 51 Miscellaneous Column 1
      292 51 TODAY'S TIDES (height in metres) HOUR OOQO 0100 0200 0100 0400 0540 0600 0700 0800 0900 1004 1100 1200 1300 1400 1544 1644 1744 1804 1944 2444 2144 2244 2344 2.5 2.2 1.7 1.2 0.1 0.6 0.7 0.9 1.4 2.1 2.6 2.1 2.7 2.4 1.9 1.2 0.8 0.5 0.4 0.5
      292 words
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