The Business Times, 19 January 1993

Microfilm: NL18515
Total Pages: 48
1 48 The Business Times
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  • Title Section
    Masthead
    14 1 SINGAPORE Business Times MITA (P) 552/12/92 Tuesday, January 19, 1993 WE KSOW ASIA 75'
    14 words
  • 2am LATEST
    • Article
      Lock icon India takes steps to stimulate economy
      53 1 Reuter BOMBAY India's ccntral bank has unveiled a package of measures to help stimulate the economy by casing credit to industry and the agriculture sector. The Reserve Bank of India said it would inject US$3B5 million (***** million) through two state development banks into
      Reuter  -  53 words
    • Article
      Lock icon Committee clears Lamont of wrongdoing
      85 1 Reuter LONDON British Financc Minister Norman Lamont has been cleared of wrongdoing over an anonymous payment by a party supporter to cover the cost of evicting a "sex therapist" from his home. But a parliamentary watchdog group said such payments should in future be declared.
      Reuter  -  85 words
  • Article, Illustration
    MARKET SUMMARY
    112 1 Stock market indices Monday Change SMI 1,577.00 +4.60 KLSE Composite 624.37 16.88 Nikkei 16.617.24 101 64 Hang Seng 5.882.02 +10.22 SET Index 937.99 -5.6 Jakarta Composite ..277.94 +0.67 CLSA China B 1,311.42 -20.52 Aust All Ord 1.528.8 +4 3 FTSE 100 2.763.1 -2.0 Monday Previous 1pm close Dow
    112 words
  • Article
    Malaysia heads for constitutional crisis as sultans reject amendments
    791 1  -  From Leslie Lopez in KUALA LUMPUR MALAYSIA'S nine Sultans are headed for a showdown with Prime Minister Mahathir Mohamad's government after they refused yesterday to endorse proposed constitutional amendments that would strip them of special privileges and immunity from prosecution. In
    791 words
  • Article
    KL market shakes off fears
    142 1 SINGAPORE The Malaysian stockmarket shrugged off a looming constitutional crisis yesterday after suffering some jitters earlier in the afternoon. The Kuala Lumpur Stock Exchange Composite Index ended 6.88 points higher at 624J7 despite an earlier sell-off on news that Malaysia's nine hereditary rulers had rejected
    142 words
  • Article, Illustration
    Business costs up only 1.3pc: Dhana
    513 1  -  By Anna Teo SINGAPORE The increase in the unit business cost (ÜBC) index moderated considerablylast year, and Singapore's manufacturing firms are still internationally competitive and profitable. Trade and Industry Minister S Dhanabalan told Parliament yesterday. The ÜBC index, which had been rising steadily from
    513 words
  • Article
    Profits of foreign banks in Singapore rise a hefty 41pc
    551 1  -  By Conrad Raj SINGAPORE In a year when banks all over the world faccd difficulties, foreign bank branches and offices in Singapore continued to pile up profits in 1991. Despite the closurc and merging of several institutions, foreign banks showed
    551 words
  • Article
    Dr Hu: Wait for the Budget
    85 1 SINGAPORE Finance Minister Richard Hu confirmed yesterday that he will announce fiscal incentives for Singapore companies investing abroad in his Budget statement on Feb 26. The Finance Ministry has been looking into fine-tuning the income tax system to encourage local businesses to head out
    85 words
  • Article
    Lock icon Baghdad says 21 killed in bloodiest attack by allies in a week
    650 1 Reuter AP AFP BAGHDAD Iraq said last night that 21 people were killed in the bloodiest attack in a week by allied planes which swooped over the north and south in broad daylight to bomb President Saddam Hussein
    Reuter; AP; AFP  -  650 words
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      185 1 Nikon The World's Finest Photographic System. CONTENTS News Companies Spore News 2 S'poreM'sia 9.10 Regional News 3,4.5 Financial 13 W«W News 7 Features Markets Analysis 27 Oob/KLSt. StS 19.20 Editorial 26 Regiorwl 17 Sports 21 World 17 TV/Litestyte 22 Currencies 16 Regional Focus 8 S#ne» Commodities 16 Subscription Tel 1800
      185 words
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      8 1 Property Construction Residential resale market thriving Pm 24
      8 words
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      25 1 Hock Lock Siew a j \f\ mattm A How will M Resources ftw* More Parliament reports: Training for overseas staff Land Titles Bill Page 2
      25 words
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      11 1 Nikon The World's Finest Photographic System. Saddam the gambler, Pg 26
      11 words
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  • SINGAPORE NEWS
    • Article
      Help for firms to train foreign staff for overseas operations
      382 2 Yesterday in Parliament THE Labour and Trade Industry ministries are reviewing the work permit training scheme to make it easier for companies with overseas operations to train foreign staff here. Labour Minister Lee Boon Yang told Parliament yesterday. The review
      382 words
    • PARLIAMENT BRIEFS
      • Article, Illustration
        PM Goh and team sworn in
        64 2 PRIME MINISTER Goh Chok Tong and his three Marine Parade GRC teammates Minister of State (Finance and Communications) Teo Chee Hean, Matthias Yao and Othman Haron Eusofe were sworn in as Members of Parliament at the start of yesterday's sitting. The People's Action Party
        64 words
      • Article
        How COE money is being used
        76 2 THE PROPOSED underground road system will cost about $4 billion or more than 10 years of revenue collected from vehicle certificate of entitlement (COEs) at current rates. Replying to opposition MP Chiam See Tong. Communications Minister Mah Bow Tan said the money is used
        76 words
      • Article
        Only 21 out of 395 are R(A) movies
        78 2 OF THE 395 films screened in cinemas during the second half of last year, only 21 were R(A) movies. Almost all the rest were rated PG. More than one million tickets were sold for the 21 R(A) films, while the PG movies
        78 words
      • Article
        Four Bills tabled
        126 2 Four Bills were tabled: The Smoking (Control of Advertisements and Sale of Tobacco) Bill restricts the sale of cigarettes to youths below 18 years. It also bans cigarette advertisements. The Civil Law (Amendment) Bill clarifies the common law position that banks can take charges over cash deposits
        126 words
    • Article
      Land Titles Bill referred to parliamentary select committee
      248 2 A BILL that will afTect property ownership in Singapore has been referred to a parliamentary select committee. The Land Titles Bill, which would repeal and re-enact the present Land Titles Act, would give property owners more flexibility to decide on their beneficiaries,
      248 words
    • Article
      No need for Ministry of Youth: PM
      234 2 THERE is still no need for a Ministry of Youth and Sports in Singapore, said Prime Minister Goh Chok Tong yesterday. Instead, the National Youth Council (NYC) should have a higher profile so that young Singaporeans could identify with it, he said. Nominated
      234 words
    • Article
      Medifund to kick off this year with initial capital of $200m
      285 2 MEDIFUND. which will be set up to help the poor pay for medical care, will kick oft this year with starting capital of $200 million. Health Minister Yeo Cheow Tong said yesterday. And the government would add $100 million
      285 words
    • Article
      Penalties for traffic offences, child abuse
      218 2  -  Reports by Anna Teo, Chuang Peck Ming and Colin Tan STIFFER penalties for chronic traffic offenders and added protection for children were two of the five bills passed in Parliament yesterday. The other bills covered the setting up of Medifund and changes in the
      218 words
    • Article
      GE Plastics may build US$400m plant in China
      226 2 THE plastics offshoot of America's General Electric Corporation is considering building a US$4OO million (SS66O million) plant in southern China, underscoring the US giant's ambitious expansion plans in Asia. Mark Begor. finance director of GE Plastics Pacific, said yesterday that GE Plastics
      226 words
    • Article, Illustration
      Lock icon Business spending in service sector hits record
      374 2  -  US, Asia-Pacific overtake Japan as biggest investors By R Sivanithy TOTAL business spending in the services sector jumped 13.7 per cent to a record high of $507 million last year, with the United States and Asia-Pacific countries overtaking Japan as the republic's largest
      Source: EDB  -  374 words
    • Article, Illustration
      Lock icon eye on the ECONOMY
      276 2  -  RETAIL By Sylvia Wong IF ANYONE still doubts that the commcrcc scctor was slow in the last quarter, the latest retail sales indices offer perhaps conclusive evidence. October and November 1992 growth rates of visitor arrivals and food beverage cess were not too hot, but couple
      Source: Dept of Statistics  -  276 words
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      91 2 Jii Vs Convenient UpPp C ||VJP WAV 11 leaves Singapore at 9:40 in the morning and 1 IILfJVLf 0 V/iilj vT A 1 arrives in Manila at 12:55, just in time for your afternoon business appointments. We also have I A FT TTTJ AT\ afternoon flights on weekends that leave
      91 words
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      35 2 Capture your precious moments Design Time «Q JAM The exclusive timepiece with genuine >,^ r gemstone dial. Ideal to own or to present Wjßw the perfect coiporate gift. 7 Kug CSong Road Td: *****97 Fa*: *****88
      35 words
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  • THE REGION
    • Article, Illustration
      Private banks in Indonesia not keen to offer loans
      500 3  -  Funds going into central bank certificates in bid to avoid bad debts By Shoeb Kagda SINGAPORE Private banks in Indonesia have resorted to putting their money in Bank Indonesia's Certificates instead of issuing new loans to avoid bad debts. Analysts in
      500 words
    • Article, Illustration
      Access to US market will help attract investors, says Hanoi
      396 3  -  By Harish Mehta SINGAPORE The possibility of exporting Vietnamese products to the vast American market will give foreign firms an impetus to do business in Vietnam, said the Vietnamese Deputy Minister for Foreign Affairs Le Mai. In an interview with
      396 words
    • ASIA NOTES
      • Article
        Lock icon Name change for S China Sea?
        79 3 AP MANILA Asean nations are considering changing the name of the South China Sea to discourage Chinese claims to a chain of oil-rich islands there, officials said yesterday. "There is a convergence of views on this," Philippine Foreign Secretaj7 Roberto Romulo said. He said
        AP  -  79 words
      • Article
        Lock icon HK to take in more foreign workers
        73 3 Reuter HONGKONG The government yesterday said it has approved an increase of 3,500 imported workers to help build the territory's HK$l75 billion (5536.8 billion) new airport. The ceiling on the Airport Core Programme (ACP) labour importation scheme, introduced in May 1990 due to
        Reuter  -  73 words
      • Article
        Lock icon Hanoi to hold donors' conference
        82 3 Reuter HANOI Hanoi plans to hold its first international donors' conference since the Vietnam War ended in 1975 to raise badlyneeded development funds, the United Nations said vesterday. Economists working for international aid organisations said the United Nations Development Programme (UNDP) announcement showed that Vietnam,
        Reuter  -  82 words
      • Article
        Lock icon EC to seek cut in Japan's car exports
        65 3 Bloomberg TOKYO The European Community will seek a reduction in the number of Japanese cars exported to Europe in 1993 at a meeting between the Community and Japanese officials on Feb 4, the Sihon Keizai newspaper reported yesterday. The EC would cite
        Bloomberg  -  65 words
      • Article
        Lock icon Japanese nuclear plant shutdown
        51 3 Reuter TOKYO One of two reactors at a nuclear power plant in western Japan was shut down yesterday when a warning light indicated a malfunction in a recycling pump, a power company official said. No radiation leaked, the official of the Chugoku Electric Power Co added.
        Reuter  -  51 words
    • Article
      Lock icon More members soon in billion-ringgit club
      620 3 Buoyant economic conditions boost turnover of Msian manufacturers MBT KUALA LUMPUR The buoyant economic conditions in the first 10 months of last year helped boost turnover of 19 industries in the manufacturing sector, raising their sales to more than MSI billion each. By the
      MBT  -  620 words
    • Article, Illustration
      Lock icon China tells banks to tighten credit
      526 4 Li Peng, Zhu Rongji order state-run banks to take steps to stop overheating economy Reuter BEIJING China's top economic officials, concerned that the economy is overheating, have told banks to stop writing blank cheques for industry. Premier Li Peng and VicePremier Zhu Rongji were
      Reuter  -  526 words
    • Article
      S'pore's Vikay launches industrial park in Fujian
      355 4  -  By Teh Hooi Ling in PUTIAN SINGAPORE'S Vikay group launched a 500-hectare industrial park in the southern Chinese province of Fujian yesterday the first of several major ventures it plans in the area. The park in Putian city, which is on the coast
      355 words
    • Article
      Lock icon Beijing newspaper predicts devaluation of yuan
      293 4 Reuter BEIJING China's currency, the yuan, is headed for devaluation from its present official rate of 5.7456 to one dollar. The Capital Economic Information News, published by the Beijing Planning Commission, said yesterday that "at present there is an extremely strong expectation that the
      Reuter  -  293 words
    • Article
      Lock icon Tokyo, Seoul to hold talks on nuclear issues
      228 4 Reuter SEOUL South Korea and Japan will hold talks this week to study joint measures to stop North Korea's suspected development of nuclear weapons. A Foreign Ministry spokesman said yesterday that during the two-day meeting, which starts today, nuclear experts would also
      Reuter  -  228 words
    • Article
      Lock icon PNG looks to oil to make it another Asian tiger
      277 4 Reuter SINGAPORE Papua New Guinea hopes to use its new oil wealth to eventually vault into the ranks of Asia's economic tigers. Prime Minister Paias Wingti yesterday told an oil conference here: "As a government we have begun a 'look
      Reuter  -  277 words
    • Article
      Lock icon Japan's trade surplus likely to rise because of weak economy
      402 6 Reuter TOKYO Japan's trade surplus is likely to show another hefty increase in December from the year before as the continued weak economy puts a dampener on imports. Economists surveyed by Reuters have forecast on average that Japan's custom cleared
      Reuter  -  402 words
    • Article
      Lock icon Asian economies running trade shortfalls with Japan
      709 6 Reuter SEOUL From Bangkok to Taipei, Beijing to Singapore. Japanese consumer goods are king. So too is Japanese machinery. Japanese technology and Japanese knowhow which, to the dismay of many European and American suppliers, underpin Asia's manufacturing output. But the goods Asians produce
      Reuter  -  709 words
    • Article
      Lock icon Tokyo urged to monitor foreign workers more
      224 6 Reuter TOKYO Japan's labour minister is being urged to step up monitoring of foreign workers. Ministry officials said yesterday that an advisory panel has called for all employers to report regularly to authorities on the number of their foreign staff, nationality, nature of
      Reuter  -  224 words
    • Article
      Lock icon Successful Gatt talks will benefit Aussie manufacturers
      197 6 Knight-Ridder CANBERRA Australian manufacturing industries will reap substantial benefits from a successful conclusion to the Uruguay Round of world trade talks, according to a study published by the Australian Chambers of- Manufactures yesterday. But the study also saw aspects in the proposed package
      Knight-Ridder  -  197 words
    • Article, Illustration
      Lock icon Bombay residents arm themselves against more communal violence
      355 6 Reuter BOMBAY Terrified families in Bombay's suburbs have stockpiled knives, swords, petrol and acid bombs to defend their homes from any renewed outbreak of Hindu-Muslim bloodshed, residents said yesterday. After almost two weeks of rioting in Bombay in which at least 500
      Reuter  -  355 words
    • Article
      Lock icon Pakistan to involve private sector in defence production
      485 6 AFP ISLAMABAD Pakistan is hatching a plan to outwit the US freeze on miliftrr and economic aid. It entails incentives to encourage the private sector to help make the country militarily self-sufficient. Prime Minister Nawaz Sharif has offered sweeteners such as 95
      AFP  -  485 words
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      409 3 Next time you export, he may decide the cost. Ridiculous? Not at all. Consumers at home and abroad are Provided by the Insurance Company of North America becoming more and more aware of their rights. Around the The Insurance Company of North America is owned by CIGNA world, the number
      409 words
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      172 4 Your business can be even better if you have a Local Toll Free number. V| 1 I] 1 L/ Mjjfl§ A Local Toll Free number can be easily recognized by its prefix: 1800. imagine how many new connections and prospective clients you could And for a while now, all phone
      172 words
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      8 4 Analysis: Using money to make money. Pg 27
      8 words
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  • Page 5 Advertisements
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      99 5 U 3 1: The tape measure How do we measure success? Its not tkrougk tke 800,000 sq ft of retail space we were involved in leasing in 1992. makes us tke leading retail agency. I— wrnmmm——Nor tkrougk tke $520 million in investment sales we kelped generate. Anotker great ackievement. Not
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      152 6 l Louis' AS y U 030 SBe fe ,akin 9 our lta,ian le ssons seriously to serve QlStorantC Masterpiece after TiRAMiSU wffljjiL 'mmmKM^Km^3K^F ff& Mum. is the SALSA Dl CAFFE. a subtle mixture of the finest jig r H Italian cheese coffee sauce is best shouts of MAMMA MIA" As
      152 words
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      120 6 _____U Professional Nominee, Full Accounting and Administration Services available at reasonable cost. Ready made Companies available. We can offer shelf companies from certain jurisdictions for delivery on the same day within Singapore. 1 8.V.1 3 ISLE OF MAN 1 BAHAMAS 1 JERSEY 1 BELIZE 1 LIBERIA 1 COOK ISLANDS 1
      120 words
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  • THE WORLD
    • Article
      Lock icon Kohl expected to announce Cabinet reshuffle this week
      316 7 Reuter BONN German Chancellor Helmut Kohl plans to announce a long-awaited Cabinet reshuffle this week but prospects for a dynamic new team to liven up his tired 10-year government are practically nil. Mr Kohl, who originally wanted to gather a fresh team
      Reuter  -  316 words
    • Article
      Lock icon EC economic outlook may be bleaker than expected
      491 7 AP BRUSSELS The European Community yesterday predicted that its economic outlook for this year would be even bleaker than expected. The EC's economics chief, Henning Christophersen, told a closed door meeting of finance officials that economic growth would likely average less than
      AP  -  491 words
    • Article, Illustration
      Call for referendum in UK
      39 7 LONDON A demonstrator carrying a banner calling for a British referendum on the Maastricht Treaty on European union last Sunday. He was among 3,000 people who marched past the houses of Parliament in protest.
      39 words
    • Article
      Lock icon Institute emphasises private investment for E Germany
      191 7 Knight-Ridder HAMBURG Private investment in eastern Germany should be strongly encouraged to achieve economic growth independent from direct western help, the Kiel-based Institute for World Economy (IfO) said yesterday. All remaining companies under the ownership of the Treuhandanstalt, the government agency in charge
      Knight-Ridder  -  191 words
    • Article
      Lock icon France likely to keep up opposition to farm deal
      176 7 Reuter BRUSSELS France was expected to keep up its war of attrition against the EC-US farm deal at a meeting of European Community farm ministers yesterday, EC officials and diplomats said. France, supported by several member states, believes the deal struck
      Reuter  -  176 words
    • WORLD WATCH
      • Article
        Lock icon Moscow drops price control plan
        72 7 AFP MOSCOW The Russian government has caneelled a proposed controversial scheme to re-introduce price controls on basic food items, Deputy Prime Minister Anatoly Chubais said yesterday. He said ministers had initialled a resolution a day earlier annulling the previous governmental decree, dated Jan 31, on
        AFP  -  72 words
      • Article
        Lock icon Permanent EC duties on many items
        102 7 AFP BRUSSELS The European Community has slapped permanent anti-dumping duties on Japanese ball-bearing parts as well as synthetic fibres and polyesters from South Korea and India, officials said yesterday. The EC's official gazette also said that the Community had decided to extend by two
        AFP  -  102 words
      • Article
        Lock icon Rapid progress in S Africa's talks?
        87 7 AFP JOHANNESBURG Rapid progress is expected this week when South Africa's constitutional talks resume in earnest with a series of meetings between the government and major black parties. The renewed flurry of bilateral talks started yesterday with a summit between the government and the
        AFP  -  87 words
      • Article
        Lock icon Green light for Italian referendum
        57 7 Bloomberg ROME Italy's Constitutional Court has approved holding a referendum this spring to ask voters whether to replace the current proportional representation system in Senate and local legislative elections with a single-member constituency system, Corriere delta Sera reported. Reformers are pushing for the change, saying
        Bloomberg  -  57 words
      • Article
        Lock icon UK govt denies bugging royals' calls
        89 7 AFP LONDON As Britain's leak-prone royal family wrestled with the latest of a scries of scandals about its private morals, the government last Sunday took the unusual step of denying that it had been involved in listening in on royal phone calls. Meanwhile, the
        AFP  -  89 words
      • Article
        Lock icon Russian defence minister in Paris
        36 7 AP PARIS Russian Defence Minister Pavel Grachev arrived here last Sunday for a three-day visit during which he will sign an agreement on increased defence cooperation between Russia and France. AP
        AP  -  36 words
      • Article
        Lock icon France set to miss growth target
        67 7 Bloomberg PARIS The French gross domestic product will not attain the 2.6 per cent growth rate this year forecast by the government when drawing up its 1993 budget last September, Prime Minister Pierre Bcregovoy has reaffirmed. The French government based over its budget projections
        Bloomberg  -  67 words
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      218 7 WHEN THE FRENCH DESIGNED LUXURY MASS APPEAL WAS NOT THE wm nK J cD» w^».»<.i DRIVING FORCE. (Is it any wonder we rarely nave towKays at our snowroom?) You probably haven't seen many XMs on the road. uninitiated, here's an advice Beware when you drive Which isn't a surprise. A
      218 words
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  • REGIONAL FOCUS
    • Article, Illustration
      Lock icon A royal call for further deliberations
      842 8 Below is the full text of the statement issued by the Keeper of the Rulers' Seal after a special meeting of the Conference of Rulers in Kuala Lumpur yesterday The central figures in the crisis Bernama 1. THE Conference of Rulers has unanimously decided
      Bernama  -  842 words
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      239 8 Some Reasons For THE STRAITS TIMES WEEKLY OVERSEAS EDITION You've posted a manager to head your Tokyo office. The Straits Times Weekly Overseas keeps him posted. For other reasons, send in your subscription now. The Straits Times WEEKLY OVERSEAS EDITION Making an issue of the major issues ~-——~l Nunc: I
      239 words
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      39 8 Yourson is studying overseas. And you want him close to home -with news from home. To your principals and business associates overseas, it's assuring that Singapore is great for business. The Straits Times Weekly is like a country report.
      39 words
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      55 8 Someone dose has been Kving in Canada for some years. You've given up writing those long letters. The Straits Times Weekly tells it better. (He might comeback after reading all the good news.) You travel often on business and want to catch up on your return. The week's main issues
      55 words
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      104 8 A GOOD START TO PROSPERITY Every Lunar New Year, families, friends and business associates get together to toss up a dish of Yu Sheng, all for a measure of good fortune and prosperity. Entice these people to a feast of good fortune at your restaurant by advertising in "YU SHENG",
      104 words
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  • COMPANIES & MARKETS
    • Article
      Swiss Bank buys stake in broking house Paul Morgan
      357 9  -  By Quak Hiang Whai SINGAPOR.E Swiss Bank Corporation has acquired Jarden Morgan Group's 49 per ccnt stake in local broking house Paul Morgan Associates (Securities) Ptc Ltd. BT understands Paul Morgan's new management has also taken up the remaining 51 per
      357 words
    • Article
      Ansett signs agreement with MAS in run-up to proposed KL service
      318 9  -  By Ramesh Divyanathan SINGAPORE Australian domestic carricr Ansett Airlines has signed a memorandum of understanding with Malaysia Airline System in a run-up to Ansett's proposed service to Kuala Lumpur. An MAS spokeswoman said yesterday the MOU was "very open",
      318 words
    • Article
      Regional investments boost Asean Fund profit
      217 9 SINGAPORE Boosted by strong returns from Asean stock markets, listed Asean Fund Ltd lifted after-tax profit to U559.97 million (5516.5 million) for the year to Oct 31, 1992, from USS3.I2 million previously. Directors have recommended a first and final dividend of 10 US cents
      217 words
    • Article, Illustration
      Two senior managers join subsidiaries of Wuthelam Group
      120 9 SINGAPORE Two senior managers, Lee Kim Bock and Yeo Aik Khoon, have joined the locally-founded Wuthelam Group. Mr Lee has been appointed managing director of the Omni Group, which oversees Wuthclam's mould-making and plastics business. He was previously manufacturing manager of Hcwlctt-Packard
      120 words
    • Article
      Lock icon Amcorp, CWT in warehousing deal
      222 9 MBT KUALA LUMPUR ArabMalaysian Corp (Amcorp) and CWT Distribution Ptc Ltd of Singapore (CWT) signed a memorandum of understanding yesterday to jointly develop and operate an integrated warehousing and distribution complex in North Port Klang which is estimated to cost some MSIOO million (5563.8 million)
      MBT  -  222 words
    • Article
      In what way will M Resources boost its future earnings?
      762 9  -  HOCK LOCK SIEW By Amy Balan SINGAPORE Following months of speculation, Rcnong Bhd announced early this year that it was selling its stake in media giant New Straits Times Press (M) Bhd (NSTP) and Malaysia's only private television station, Sistcm
      762 words
    • Article, Illustration
      Lum Chang's high-tech golf project in KL to open today
      192 9  -  From Kooi Cho Teng in KUALA LUMPUR LUM CHANG executive director Lim Jit Poh proudly teed off (above) at the 78-bay driving range at the Msl6o million (SSIO2 million) Kuala Lumpur Golf and Country Club, a Lum Chang project, yesterday.
      192 words
    • Article, Illustration
      Lock icon SUMMARY
      328 9 Source: Bridge Info Performance of STII's index stocks Jan 18 IJBI SCBM Index Stork sale factor movers (S) 1) v i mo 1.950 1.70 CAC 7350 0 100 6.40 29.85 Ccrcbos 4 680 -0 040 407 -II 94 Cold Store 2.970 0 060 2.58 17.91 FAN II 300 983
      Source: Bridge Info  -  328 words
    • COMPANIES
      • Article, Illustration
        Lock icon KLSE wants more powers against errant firms
        653 10 KLSE Seminar MBT KUALA LUMPUR The Kuala Lumpur Stock Exchange (KLSE) is requesting increased powers to investigate and penalise public companies that have failed to observe the exchange's regulations, including penalising individuals responsible for such a situation. KLSE executive chairman Nik Mohamed Din
        MBT  -  653 words
      • Article
        Lock icon 200 new listings projected for KLSE in next five years
        400 10 MBT KUALA LUMPUR The Kuala Lumpur Stock Exchange (KLSE) is set for further growth in view of the apparent increase in interest among nonlisted companies to be floated on the exchange. Going by the present average of 40 new flotations
        MBT  -  400 words
      • Article
        Lock icon CIC to tighten scrutiny of doubtful listing aspirants
        363 10 MBT KUALA LUMPUR Companies involved in activities which are considered to have a higher level of vulnerability in terms of high probability of serious variations in their profit forecasts and projections, have to be scrutinised more carefully before given approval for listing,
        MBT  -  363 words
      • COMPANY BRIEFS
        • Article
          Inno-Pac shareholders pass resolution
          38 10 SINGAPORE Inno-Pacific Holdings Ltd has announced that its shareholders passed a resolution yesterday agreeing to sell the 600,000 ordinary shares in wholly-owned subsidiary Windmill International Pte Ltd to Ho Peng Cheong for Si.B2 million.
          38 words
        • Article
          QAF unit buys lease title from HDB
          50 10 SINGAPORE Listed QAF Ltd has said that its wholly-owned subsidiary. Smart Supermarket (S) Pte Ltd, has decided to buy the leasehold title of a shop unit at Toa Payoh for $6.43 million. Smart now rents the shop from the Housing and Development Board.
          50 words
        • Article
          Innovest on disposal of shares
          111 10 KUALA LUMPUR Innovest Bhd has no further interest, direct or indirect, in KFC Holdings (Malaysia) after the disposal of the 30.95 million shares representing a 33.98 per cent stake and M 59.75 million (556.24 million) nominal value of 7 per cent Irredeemable Convertible Unsecured Loan
          111 words
        • Article
          DBS Bank's HK tie-up launched
          36 10 SINGAPORE Hongkong-based PruAsia DBS Pte Ltd. a joint venture between Singapore's DBS Bank and Hongkong's Prudential Asia, was officially launched yesterday. The venture will specialise in corporate finance and advisory services.
          36 words
        • Article
          Corrections and clarifications
          77 10 IN our report yesterday, headlined "DBS to launch scripless move", we erred in saying that DBS Bank is going scripless. It should have been DBS Land. In another report. "Liang Court invests in property firm", we said that the company will invest HKS 100.000 for a 23.8
          77 words
      • Article
        100m Astra shares sold to three banks, consortium
        366 11  -  Group of businessmen buys largest share portion From Maggie Ford in JAKARTA A TOTAL of 100 million shares in PT Astra International, Indonesia's third largest listed company, changed hands yesterday. Seventy-five million shares were sold to a consortium of businessmen headed by
        366 words
      • Article, Illustration
        Lock icon New owners battle for PAL
        369 11 AFP MANILA Two tycoons in a consortium that bought a majority of Philippine Airlines (PAL) are locked in a battle for control of the flag carrier, company sources and government officials confirmed yesterday. "The internal tug-of-war (within) PAL is strictly their internal corporate business," President
        AFP  -  369 words
      • Article
        Tascorp raising A$40m through indexed bond
        192 11  -  From Brian Gomez in SYDNEY THE Tasmanian government's investment arm, Tascorp, is making a As4o million (5544.8 million) capital raising through a stock exchange indexed bond. Designed by stockbroking firm Barclays de Zoete Wedd (BZW), the bond provides investors with a guaranteed three per
        192 words
      • Article
        Lock icon Campbell warns Arnotts to stop hinting at higher offer price
        242 11 Bloomberg SYDNEY Campbell Soup Co of the United States has warned takeover target Arnotts Ltd to stop telling shareholders that Campbell may increase its offer price a second time. "Campbell has made it clear that its offer of A 59.50
        Bloomberg  -  242 words
      • Article
        Lock icon Taipei, China firms plan to develop satellite systems
        208 11 AFP TAIPEI The China Development Cooperation (CDC), a trust company linked to the Taiwan government, is planning to team up with a Chinese firm to develop satellite communications systems. The DCD, founded in 1959 as a subsidiary of the ruling Kuomintang-run Central
        AFP  -  208 words
      • Article, Illustration
        Lock icon Red capitalist Rong to retire as chief of Citic
        243 11 Reuter HONGKONG China's "red capitalist" Rong Yiren is to retire as chief of one of Beijing's biggest business corporations, an official of its Hongkong subsidiary said yesterday. Mr Rong, 76, took advantage of paramount leader Deng Xiaoping's free-market reforms launched in
        Reuter  -  243 words
      • Article
        Lock icon Kumagai sells China site for HK$600m
        344 11 South China Morning Post HONGKONG The consortium led by Kumagai Gumi (HK) has sold the first parcel of land in its pioneer Yangpu port project in Hainan province for about HKS6OO million (SSI26 million), mainly to mainland buyers. Kumagai director Frederick Ma confirmed on
        South China Morning Post  -  344 words
      • COMPANY BRIEFS
        • Article
          Shell to build refinery in Philippines
          80 11 MANILA Pilipinas Shell Petroleum Corp (PSPC). a subsidiary of the Royal Dutch Shell Group, said it is building a new US$667 million (SSl.l billion) refinery in the Philippines capable of processing 110.000 barrels of oil per day. Company president W Adrian Loader said in
          80 words
        • Article
          Lock icon NEC enters PC price war
          118 11 AFP TOKYO Japan s NEC Corp said it would launch no fewer than six low-priced personal computers over the next three weeks in a bid to win back some of its dominant market share from foreign rivals. The new models, representing the latest version of
          AFP  -  118 words
        • Article
          Lock icon Moody's downgrades Fujitsu
          86 11 Knight-Ridder TOKYO Moody's Investor's Service has downgraded USSI.7 billion of Fujitsu Ltd long-term debt to "A 2" from "Aa3." Moody's said the downgrade reflected the "expectation that Fujitsu's earnings and cash flow will remain under considerable pressure in the intermediate term" because of negative business conditions for
          Knight-Ridder  -  86 words
        • Article
          Lock icon Japan to investigate firm
          108 11 AFP TOKYO Japanese police said they were investigating a failed investment company established by a former government official but refused to confirm a report that they would soon send a team to Australia. The company, Jasi Japan Inc, is suspected of fraudulent activities involv ing an
          AFP  -  108 words
        • Article
          Lock icon Nintendo, Sega to issue warnings
          137 11 Reuter TOKYO Two Japanese video game giants, Nintendo and Sega Enterprises, said games sold in Japan would start carrying labels warning players of the risk of epileptic fits. The software the two companies sell in Europe and the United States already carries such warnings. Nintendo,
          Reuter  -  137 words
      • Article
        Lock icon IBM's 4th quarter results may show operating loss
        431 12 Report will be announced today Reuter NEW YORK International Business Machines Corp will announce its fourth-quarter earnings today, a report that will include almost US$7 billion (SSI 1.6 billion) in restructuring charges and may show IBM with its first quarterly operating loss
        Reuter  -  431 words
      • Article
        Lock icon Two Salomon executives resign, more expected to leave
        460 12 Bloomberg NEW YORK Eric Rosenfeld, the top bond trader at Salomon Brothers Inc, and William Strong, Salomon's senior international investment banker, resigned last week in what may prove the start of an exodus of traders from the 83-year-old Wall Street securities firm.
        Bloomberg  -  460 words
      • Article
        Lock icon Good chance for mini boom in UK takeovers
        238 12 Bloomberg LONDON Chances are ripe that Britain will see a "mini boom" in mergers and acquisitions of private companies in 1993, according to a semi-an-nual review, by the corporate finance department accounting firm Ernst Young, released yesterday. The number of deals will
        Bloomberg  -  238 words
      • Article
        Lock icon S Arabia resumes talks with oil giant Total
        255 12 Reuter DUBAI Saudi Arabia has resumed talks with the French oil giant Total for a US$7 billion (5511.6 million) deal to expand the kingdom's overseas refining and distribution operations, al-Sharq al-Awsat newspaper said. Quoting "informed sources" the Saudi-owned London daily said the
        Reuter  -  255 words
      • COMPANY BRIEFS
        • Article
          Lock icon S&P 500's volume beats Nikkei-225's
          100 12 Reuter OSAKA The Chicago Mercantile Exchange's (CME) S&P 500 stock futures contract beat the Osaka Securities Exchange's (OSE) Nikkei-225 futures contract as the world's most actively traded stock futures contract in 1992, an OSE official said. Turnover in the once-popular Nikkei-225 tumbled to 11.93 million
          Reuter  -  100 words
        • Article
          Lock icon Charter Consolidated to sell stake
          93 12 Bloomberg LONDON Charter Consolidated Group plans to sell its 38.4 per cent holding in Johnson Matthey. a maker of catalytic converters and chemicals, with most of the stake going to an unnamed "international" company, the Sunday Telegraph said. At current prices, the Johnson Matthey position
          Bloomberg  -  93 words
        • Article
          Lock icon New brewing venture starts operation
          85 12 Reuter LONDON A new UK brewing joint venture between AlliedLyons pic and Carlsberg A/S began operating yesterday, boasting three of Britain's top 10 lager brands, the two companies said. Carlsberg-Tetley Ltd's brands include Danish lagers Carlsberg Pilsner, Export and Special Brew, the top-selling UK bitter
          Reuter  -  85 words
        • Article
          Lock icon Ocean to revamp structure
          100 12 Reuter LONDON Transport and storage company Ocean Group pic said a major reorganisation of its overhead structure will involve a one-ofT cost of £8 million (Ss2o million) and lead to a "significant reduction" in staff numbers. Ocean Group has moved its head office from central London
          Reuter  -  100 words
    • FINANCE
      • Article, Illustration
        Insurance Commissioner seeks speedier settlement of claims
        413 13  -  By Soh Tiang Keng SINGAPORE Insurance Commissioner Lim Shu Chiau wants to ensure speedier and more efficient settlement of claims. Mrs Lim told the bi-month-ly magazine Asia Insurance Review that her priority will be to ensure the continuing development of Singapore as a
        413 words
      • Article, Illustration
        Lock icon M'sian, Thai, Indon insurance markets expected to show biggest growth
        464 13 Bernama KUALA LUMPUR Three Asean nations Malaysia, Thailand and Indonesia are projected to be the insurance markets of East Asia that show the most dynamic growth in the next few years. Bank Negara deputy governor Dr Lin See Yan said
        Bernama  -  464 words
      • Article
        Lock icon Bank Negara ticks off businesses that have not complied with banking Act
        299 13 Bernama KUALA LUMPUR Bank Negara Malaysia yesterday ticked off a number of institutions carrying out scheduled businesses which have yet to comply with certain sections of the Banking and Financial Institutions Act 1989 (BAFIA) and urged them to
        Bernama  -  299 words
      • Article
        Lock icon Commerzbank to bank on growth in selected business areas
        200 13 Reuter FRANKFURT Commerzbank AG has said it will meet increased competition in Germany and elsewhere in Europe by seeking growth in selected business areas and not by boosting its business volume at all costs. "We want to be a leading bank
        Reuter  -  200 words
      • Article
        Lock icon Developed countries reining in external lending: BIS report
        323 13 Reuter BASLE, Switzerland Banks in major Western economies kept a tight rein on lending to outside countries in the first half of last year. The Bank for International Settlements (BIS), in a report scheduled for publication today, said that it had detected
        Reuter  -  323 words
      • Article, Illustration
        Lock icon Seoul may cut interest rate before Feb 25
        215 13 Reuter SEOUL South Korea's Economic Planning Board (EPB) is looking to cut certain interest rates by one to two percentage points before president-elect Kim Young-sam's inauguration on Feb 25. EPB Minister Choi Kakkyu told reporters yesterday that he believed the gap between
        Reuter  -  215 words
      • Article
        Lock icon TSB move bodes well for Hill Samuel but no quick disposal seen, say analysts
        478 13 Reuter LONDON TSB Group pic's ring fencing of Hill Samuel was positive for the merchant banking group, but should not be interpreted as a prelude to quick disposal, analysts said yesterday. The group, announcing its annual
        Reuter  -  478 words
      • Article
        Lock icon Chase Manhattan back in the black in Australia
        257 13 AFP SYDNEY Chase Manhattan Bank Australia Ltd hit the black for the first time in four years with a net profit of A 513.2 million (5514.8 million) for the year to Dec 31, it was announced yesterday. The result compares with a
        AFP  -  257 words
      • SMALL CHANGE
        • Article
          Lock icon Manila orders banks to cut reserves
          113 13 AFP MANILA The Philippine monetary authorities have ordered all banks to lower their reserve requirements by about three percentage points. Central Bank documents released here yesterday said. The order was apparently in response to calls for the government to institute measures that would allow
          AFP  -  113 words
        • Article
          Lock icon Yamatake-Honeywell's warrant bonds
          68 13 Reuter TOKYO Vamatake-Honeywell Co Ltd said yesterday that it will issue US$lOO million (S$ 160 million) in warrant bonds, maturing on Feb 19, 1997. The bonds, priced at par, will be issued publicly. Payment is due on Feb 16. 1993. The coupon will be decided later. Exercise
          Reuter  -  68 words
        • Article
          Lock icon Shiseido's 100m franc warrant notes
          107 13 Reuter ZURICH Japan's Shiseido Co Ltd has fixed terms on its issue of 100 million Swiss francs (SSIIO million) in notes with equity warrants, due on Feb 4. 1997, which pay 2 per cent and are priced at par, lead manager Credit Suisse said yesterday.
          Reuter  -  107 words
        • Article
          Lock icon French reserves decimated: C Lyonnais
          72 13 Reuter PARIS The Bank of France intervened to the tune of 156.2 billion francs (5546.8 billion) to defend the franc in the seven weeks following mid-November and 16.66 billion francs in the first seven days of this year, according to the economic studies department of
          Reuter  -  72 words
        • Article
          Lock icon AGF chief wants AMB to raise stake
          76 13 Reuter PARIS Michel Albert, chairman of French state-con-trolled insurer Assurances Generales de France (AGF). said German insurer Aachener und Muenchener Beteiligungs AG (AMB) should increase its stake in AGF. "I consider that AMB's 3 per cent stake in AGF is insufficient. Freed from
          Reuter  -  76 words
      • Article
        Lock icon Japan's finance ministry aims for more clout with bond move
        644 14 It is offering to buy bonds outright in govt bond market Reuter TOKYO Japan's Ministry of Finance (MOF) launched a new type of bond market operation yesterday that will enable it to exert greater influence on monetary policy, normally the
        Reuter  -  644 words
      • Article
        Lock icon Survey shows rosy outlook for British financial services in first quarter
        320 14 Bloomberg LONDON Business will blossom in Britain's financial services industry in the first quarter but profits will expand more slowly, according to a survey of banks, brokers and insurers by the Confederation of British Industry and accountants Coopers Lybrand.
        Bloomberg  -  320 words
      • Article
        Lock icon Russia's traders taking first small steps towards a futures market
        600 14 Reuter MOSCOW A year after Russia took the plunge towards the free market, Moscow traders are taking their first cautious steps towards a futures market buying and selling goods today for delivery tomorrow. "There has never been a situation which
        Reuter  -  600 words
      • Article
        Lock icon Financial markets expect sharp fall in German interest rates soon
        797 14 IHT PARIS Long seen as inevitable but in fact distressingly elusive, big reductions in German interest rates are now perceived in the financial markets to be imminent, perhaps only days away. The new perception has largely lifted the threat of
        IHT  -  797 words
      • Article
        Lock icon NZ trade-weighted index's rise allows central bank to ease monetary policy
        417 14 Reuter WELLINGTON A rise in the New Zealand dollar tradeweighted index (TWI) allowed the central Reserve Bank (RBNZ). which keeps a tight rein on inflation, to ease monetary conditions yesterday. RBNZ governor Don Brash said in a statement that
        Reuter  -  417 words
      • Article, Illustration
        Banque Indosuez REGIONAL CURRENCY REPORT
        158 14 THE US dollar opened higher yesterday on rumours of European interest rate cuts and renewed Iraq-Allies hostilities over the weekend. The US dollar opened at S$ 1.6590, up slightly from the S$ 1.6580 close on Friday. Trading was lethargic as there was little interest. From
        158 words
      • Article
        Lock icon London
        185 14 Reuter LONDON The dollar fell sharply against the mark in Europe yesterday, reacting more to fading prospccts of German interest rate cuts than to another US-led air attack on Iraq. Oil prices jumped, but eased back later. The dollar, reversing a rally last week, lost more than a pfennig
        Reuter  -  185 words
      • Article
        Lock icon New York
        86 14 AFP NEW YORK After initially gaining ground in Asian markets following the latest allied attacks on Iraq, the dollar slipped against major currencies in a quiet market here that was due to close early for a federal holiday yesterday. At about 9:30 am (1430 GMT), the dollar was
        AFP  -  86 words
      • Article, Illustration
        Untitled
        1489 14 radeweighleJ index tabulate J attains Sport■ v lop 14 trading partner* Ba\e tear 198f US$/S$ forward rates Noon Jan 18 s$ Bid Oder 1-month 1.6576 1 6591 2-month 1.6566 1.6581 3-month 1.6556 1.6571 6-month 1.6525 1 6545 Source: OCBC FOREIGN CURRENCY NOTE RATES As at 10am yetterday: Singapore dolUrs to
        1,489 words
    • COMMODITIES & FUTURES
      • Article
        Lock icon Malaysia looks to China to boost cocoa exports
        476 15 Reuter KOTA KINABALU Malaysia, a major cocoa producer, plans to raise domestic demand and exports to China and other big Asian users to help lift prices, a senior Malaysian official said. Further cutbacks in the cocoa acreage, although at a slower pace,
        Reuter  -  476 words
      • Article, Illustration
        BHP loses giant Russian copper bid
        589 15  -  By John Helmer MELBOURNE The Russian government has awarded mining rights to the Udokan copper deposit in south-eastern Siberia to a Russian mining group, rejecting a bid from Australian mining giant BHP. The decision, which was announced in Moscow on Friday, grants the Udokan
        589 words
      • Article
        Lock icon Adequate stocks of many commodities reduce inflationary pressures in 1993
        618 15 Reuter LONDON Stocks of many commodities are piling up, ensuring any demand as a result of economic revival in the industrial world will have little impact on their prices, commodity market analysts say. "The depressed picture for commodities this year
        Reuter  -  618 words
      • Article
        Lock icon Thailand's energy needs set to increase by 8.8pc
        286 15 Platt's BANGKOK Thailand's total energy demand this year is expected to increase by 8.8 per cent over last year to 756,000 barrels per day (bpd) of oil equivalent, according to estimates by state Bangchak Petroleum Co (BCP). Oil products will continue to
        Platt's  -  286 words
      • Article
        Lock icon Crude oil prices rise then ease on news of Iraq raids
        446 15 Reuter LONDON New US-lcd raids on Iraq yesterday quickly put 25 US ccnts on the pricc of a barrel of crudc oil but prices later eased off the highs. March futures for the benchmark Brent Blend rose to touch
        Reuter  -  446 words
      • Article
        Lock icon China cotton exports may rise until surplus is exhausted
        268 15 Reuter NEW ORLEANS China's cotton exports in 1993/94 could rise from anticipated results for 1992/93, and will probably remain strong until the country's surplus cotton is exhausted, said two United States Department of Agriculture (USDA) analysts at a cotton conference. "China
        Reuter  -  268 words
      • Article
        Lock icon Eurodollars end choppy session easier
        1465 16 SIMEX REPORT Reuter SINGAPORE Simex Eurodollar interest rate futures ended a choppy session slightly easier yesterday against Chicago's close on dealerdriven liquidations ahead of Presi-dent-elect Bill Clinton's inauguration tomorrow. Activity was moderately high despite traders remaining wary ot posi-tion-taking ahead of a US public holiday
        Reuter  -  1,465 words
      • Article
        KL tin rises on support from light buying interest
        989 16 COMMODITIES REPORT Tin THE price of tin rebounded to close seven sen higher to MS 14.82 per kg on the Kuala Lumpur Tin Market yesterday in line with the USSIO rise on the London Metal Exchange last Friday. Dealers said light
        989 words
    • Article
      COMMODITY PRICE
      1683 16 Rubber Jan is HAS Commodity Exchange (futures dosing as at 1pm) HAS (physical prtcos) RSS 1 Contract (S cents/kg) Buyers Setters clox VoJume As at 12 noon (S ccnts/kg) Month High Low Sett (tonnes) Interest RSS 2 Feb 92 146.00 I47.00N Feb 93 151.00 151.00 151.25 250 2.125
      1,683 words
    • REGIONAL STOCK MARKETS
      • Article
        Australia
        1059 17 +4.3 The sharemarket closed modestly higher in lacklustre trade after gaining little direction from overseas. "It was dead, dull and boring," said broker John Bowie Wilson, of Hambros. The latest US attack on Iraq failed to stir the market, while on Wall Street, the Dow Jones closed on Friday
        1,059 words
      • Article
        Manila
        548 17 -5.90 Share prices slipped in reaction to news the government intends to break up the Philippine Long Distance Telephone Company's (PLDT) monopoly, brokers said. The Manila Stock exchange Composite Index slipped 5.90 points to end at 1,306.65 from last Friday's corrected close of 1,312.55. PLDT's share price, which ranged
        548 words
      • Article
        Taipei
        533 17 -5.72 Stocks fluctuated narrowly before finishing slightly lower on profit-taking from the market's six per cent gain in the previous five days, brokers said. The Weighted Index ended 5.72 points lower at 3,356.80 on active turnover of NTS 12.3 billion. Last week's gain was sparked by expectations of a
        533 words
      • Article
        Seoul
        392 17 1.92 The stock market closed slightly higher as buying centred on large-capitalisation shares outweighed some afternoon profittaking, brokers said. "Shares of small companies saw some profit-taking. However, buying continued focusing on the large-capitalisation shares," Choi Bum at Seoul Securities said. Shares in small businesses firmed last week on optimism
        392 words
      • Article
        New Zealand
        326 17 +4.27 The share market closed slightly ahead but brokers said trade was dull and is likely to remain so. The NZSE-40 Capital Index closed up 4.27 points at 1,521.44 on a very light volume of NZ$lO.9 million. "The market is bereft of company news," John Foreman at Ord
        326 words
      • Article
        Bombay
        107 17 Stock prices gained substantially and are likely to go up further on expectations that economic reforms will continue, traders said. They said the Bombay stock exchange index could go up by a another 40 or 50 points. Prime Minister PV Narasimha Rao, often viewed as an indecisive leader, secured
        107 words
    • WORLD STOCK MARKETS
      • Article
        Untitled
        763 17 Britannia Funds Steriiag Cash Bid Offer Mim Cap Deposit *3* (WOO *38 1000 Mim Jer*> Gilt .0 1866 0.1965 Mim Ma» Income ««9900 *1 0300 LS$ Cash Income Plus Fund *****0 10 6000 PS Retene Fund 5 2000 5 2100 Sterling tquit> Euro Performance 0.4)52 0 46*0 Far East Fund
        763 words
      • Article
        London
        642 17 -2.0 Equity prices closed mixed yesterday, around the midpoint of the day's trading range, after a relatively low volume session. Dealers said the market's lacklustre performance reflected investor reluctance to commit further funds until concrete signs of a hoped-for UK economic recovery begin to emerge. Fading hopes of a
        642 words
      • Article
        Paris
        137 17 10.46 French shares shrugged off the tension in the Gulf, rising on hopes of lower interest rates yesterday. The CAC-40 Index rose 10.46 points to 1,837.54. Shares were knocked off their perch yesterday morning by news that Iraq had retaliated against an allied air raid and launched a missile
        137 words
      • Article
        Stockholm
        163 17 +0.54pc The Stockholm bourse began the week stronger and indices closed near their day's highs yesterday. The All-Share Index closed up 0.54 per cent at 928.21, just off the day's high of 928.95. Turnover was a robust 678 million crowns. Banking shares stole the limelight, with the sector index
        163 words
      • Article
        Frankfurt
        194 17 +28.58 German share prices closed at their highest levels in nearly three months yesterday on buying prompted by a combination of technical factors and the outlook for lower German interest rates. share traders said. The DAX Index of 30leading shares ended 28.58 points, or 1.85 per cent, higher at
        194 words
      • Article
        Brussels
        165 17 -3.96 Belgian shares closed marginally lower at the end of the forward market accounting period yesterday, with industrial and utility group Tractebel and retailer Deihaize key features in a mixed market. The Bel-20 Index of leading shares closed 0.35 per cent, or 3.96 points, down at 1,140.59 points. A
        165 words
      • Article
        Milan
        174 17 1.32pc The Milan bourse kicked off the February account in positive mood as last Friday's news of government measures to boost stock trading continued to encourage buying. The MIB Index ended 1.32 per cent up at 1,072 points yesterday, with the underlying trend up 1.41 per cent at the
        174 words
      • Article
        Amsterdam
        248 17 +2.12 Dutch shares closed firmer across a broad front yesterday, aided by a bullish bond market, with only a few losers among the top 40 stocks. Dealers said the latest US missile strike against Iraq and a retaliatoi7 strike by Iraq against Saudi Arabia yesterday had no discernible effect
        248 words
      • Article
        Zurich
        271 17 -4.7 The Swiss market ended lower as investors switched into rising German shares and second tier Swiss stocks at the expense of Swiss blue chips yesterday, dealers said. Consolidation in major blue chips, which saw steady gains in recent weeks, continued. The broader SPI Index shed 4.7 points to
        271 words
      • Article
        Johannesburg
        290 17 15 Industrial share prices closed steady to firmer at the close on the Johannesburg Stock Exchange yesterday. Dealers said there was no clear direction and the New York holiday had dampened activity. Despite some good buying in industrials, institutions were unwilling to enter at current high levels, they said.
        290 words
      • Article
        Toronto
        258 17 -5.0 Toronto stocks inched lower in quiet dealings yesterday hampered by a delay in the opening of computer trading. "You've got half the floor that isn't operational. Most of the big traders are on the floor. Generally speaking, it's shaping up to be a quiet day anyway," one dealer
        258 words
      • Article
        New York
        757 17 +0.54 US blue chips turned positive by late morning in quiet holiday activity yesterday, as traders and analysts awaited looming fourth quarter corporate results and focused less on Iraq and a new president. "(Clinton does) not have a great deal of flexibility, quite frankly. He is a victim
        757 words
    • Article, Illustration
      Lock icon HONGKONG
      3013 18 Bloomberg STOCKS ended the day slightly higher and are likely to advance towards 6.000 on the Hang Seng index of leading shares before the Chinese New Year holiday begins on Friday. "Overseas money is continuing to come in." said Antony Burpee, senior manager at Pierson Securities (Asia). "Six thousand
      Bloomberg; Source: Bridge Info  -  3,013 words
    • Article, Illustration
      CHINA
      433 18 THE Shanghai B market's impressive gain last week came to a halt yesterday. Talk of a possible government intervention on local investors' involvement in the B market dampened sentiments, pushing the CLSA Shanghai B Index 4.32 per cent down to 986.95. Turnover of the B shares were USS3.B2 million.
      433 words
    • Article, Illustration
      Lock icon TOKYO
      2502 18 Reuter STOCKS closed mixed in quiet trade as most investors stuck to the sidelines yesterday. The Nikkei average ended firmer on fu-tures-linked buying but the broader market was down on the bleak economic outlook and uncertainties over the military confrontation in Iraq, brokers said. "Most of the trade was
      Reuter; Source: Bridge Info  -  2,502 words
    • Article, Illustration
      Lock icon BANGKOK
      1846 18 Reuter BANKS, finance and securities firms traded lower on a market consolidation before another expected rally, brokers said. The SET index lost 5.60 points, or 0.59 per cent, to close at 937.99 on turnover of 6.20 billion baht. Bangkok Bank, which gained heavily last week, dropped two baht to
      Reuter; Source: Bridge Info  -  1,846 words
    • Article, Illustration
      Lock icon JAKARTA
      734 18 Reuter Block trading of 100 million shares in Astra International, the biggest ever in Jakarta, dominated the market. Shares in the former blue chip were traded at 10.000 rupiah each, putting control of the firm in the hands of a group of local businessmen and the government. On the
      Reuter; Source: Bridge Info  -  734 words
    • Article, Illustration
      Lock icon CLOB INTERNATIONAL
      2433 19 Source: Bridge Info Source: Bridge Info MOST ACTIVE volume Multi-Purpose 17.588.000 kamunting 50c 4.882.000 lan C hong 50c 2.079 000 Scl Properties 1.645.000 Pub Bk Foreign 1.415.000 Rcnong Bhd 50c I.I***** Mulpha Inll 50c 1.086.000 Tech Resources 1.010.000 Promct 964 000 Si me Darby 50c 849.000 Bcrjaya Group
      Source: Bridge Info  -  2,433 words
    • KUALA LUMPUR STOCK EXCHANGE
      • Article, Illustration
        Lock icon Rise dampened by rulers' statement
        4757 19 Bernama KUALA LUMPUR Bargain-hunting led the share market to end higher yesterday but not before the market registered a slight hiccup as reports that the rulers had rejected the proposed constitutional amendments filtered into the bourse after the midday break. The KLSE Composite Index rose
        Bernama; Source: Bridge Info  -  4,757 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article, Illustration
        Lock icon Kamunting group dominates trading
        6579 20  -  By Moiz Tyebally SINGAPORE Speculative Malaysian counters linked to the Kamunting group of companies were in the limelight yesterday, accounting for almost 25 per cent of turnover on the local bourse. Elsewhere in the market, share prices held steady. The UOB-OTC Index, which tracks mainly Malaysian
        Source: Bridge Info  -  6,579 words
      • Article, Illustration
        Lock icon DBS Land
        71 20  -  HOT STOCK Quak Hiang Whai DBS Land has risen sharply from last year's low of $1.72. It has broken through major resistance at $2. Daily and weekly RSIs and stochastics are now very much in the overbought region. A correction appears likely with the immediate target at $2
        SOURCE: BRIDGE INFO  -  71 words
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      103 10 Celebrate the Lunar New Year with the latest collection of Italy's Finest Fashion Accessories. Come down to our Famous Brands Gallery, LI, for the best gifts. w* f i A. BALLY Gent's Shoes... $339~5675 B. Italian Leather Assorted Belts.. $49~579 C. BALLY Ladies' Shoes... $345~5385 D. Italian Ties 1993 Collection...
      103 words
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      220 11 Perspective vie* ol Proposed Bungak >» at Cornwall Gardens 2 brand new modern two and a half V Land area of approximately 21,500 o c P m D approximate 8,000 sq ft I Company of the Ng Chye Mong Group pool, huge living and lounge areas, j. r-~ e breakfast
      220 words
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      588 12 With our eyes on Asia, and our ears to the ground. Business Times is your source of time-sensitive information that shapes the fastest growing region in the world.For readers in Singapore, Business Times provides news and analyses that will help J AUBS Hock Lock Sitw "iTrrnrf foau IWidag You The
      588 words
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      646 13 (Incorporated in the Republic of Singapore) ANNOUNCEMENT The Board of Directors of ASEAN Fund Limited wishes to make the following announcement AUDITED RESULTS FOR THE YEAR ENDED 31 OCTOBER 1992 31 Oct 92 31 Oct 91 or (USS *000) (USS *000) 1. Investment and Other Income 15.295 8,885 +72.14 2.
      646 words
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      314 15 TOLL-FREE TEL. No. 1-800-737 0043 FAX:734 3698 IN THE MATTER OF THE COMPANES. ACT, CAP 50 AND IN THE MATTER OF SAMUDRA TECHNOLOGIES HOLDMG PTE LTD (In Voluntary Liquidation) NOTICE IS HEREBY GIVEN that the Creditors of the above named company, which is being would up voluntarily, are required on
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      167 15 LIQUOR LICENCE NOTICE NOTICE IS HEREBY GIVEN thai. 1, Son llui Huoj of 6A Beatly Road #03-04, Singapore 0820, have applied for a Wholesale Beer Shop licence in respect of premises at M/s Tin Shan Co. Pte Ltd at No. 17 Lorong 5 Geylang, Singapore 1438, and that this application
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      112 15 IN THE MATTER OF THE COMPANIES ACT. CAP 50 AND IN THE MATTER OF U. S. PACIFIC EXPRESS PTE LTD NOTICE IS HEREBY given pursuont 10 Section 296 of the Cor-corxes Ad, Cop. 50 thot a meeting of the creditors of me abo>*named ConDarry wid be held ol 5. lolan
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      Page 15 Advertisements Column 4
      340 15 The Bloomberg energy report was not available IN THE MATTER Of THE COMPANIES ACT, CAP. 50 ond IN THE MATTER Of U S PACIFIC EXPRESS PTE ITD APPOINTMENT OF PROVISIONAL UQiMDATOR Al a meeting of the Boa id of Directors of U.S. PACIFIC EXPRESS PTE ITD held on 12*) day
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      149 16 N. j U /> Toss the traditional raw fish salad '—r~ to hearty cheers of Lao O'(Lo Hei) *"*sLN iV) j Y, The auspicious New Year dish that /X symbolises success and the fjjf ren€wal between family 1 j Other auspicious New Year Dishes 1 < Prosperity Success In /ri
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  • Page 17 Advertisements
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      36 17 With over 170 million cards honoured at over 10 million establishments, MasterCard puts the whole world in your hands. And it gives you easy access to cash at 300,000ibank and ATMs worldwide. IN YOUR HANDS 1
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      62 18 YOUR MONEY IN A BOX. IT'S MORE RELIABLE THAN SHARES. £j^ tradition, they perform beautifully every ay for years on AND MORE PLEASING end (unlike many ska res we could mention). I TUP r *DC For an invertment opportunity worth listening to, come THE REUGE MUSIC BOUTIQUE. 435 ORCHARD RD.
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      172 19 YOUR VERY OWN HASSLE-FREE gfCTßONK^^^^^^raVKE! If news and other pertinent information on companies listed on the Stock Exchange And for 0 tmbscription ftt of onlj $159 per month, you and your company can of Singapore Clob International are important to you and your business, then SPH subscribe to this specialised
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      61 20 Singapore:THE HOUR GLASS Lucky Plaza Tel. *****20/1 Scotts Tel. *****27/7198 jy Mfl Centrepoint Tel. *****98/603 Peninsula Plaza Tel. *****09/*****63 \\W Palais Renaissance Tel. *****62/543 Raffles Tel. *****41 jPk. Indonesia: THE HOUR GLASS (Licensee) Plaza Indonesia. Jakarta Tel. 21-*****6/*****1 Malaysia: THE HOUR GLASS Lot 10 Centre, Kuala Lumpur Tel. 03-*****20/932 g?
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  • SPORTS
    • Article, Illustration
      Lock icon Twitty ends drought with Hawaiian title
      477 21 Golf AP HONOLULU Howard Twitty really didn't want the record. It was the victory that was precious. "There are no words to describe what this means to me," the 44-year-old veteran said after a four-stroke triumph last Sunday in the Hawaiian Open. It was
      AP  -  477 words
    • Article, Illustration
      Lock icon Cowboys outclass 49ers in show of style and power
      503 21 NYT SAN FRANCISCO It was Youth v Experience. No, it was more like a young team teaching an older one some new tricks. The Dallas Cowboys zipped past the San Francisco 49ers by 30-20 last Sunday with such style and grace
      NYT  -  503 words
    • Article
      Lock icon Buffalo Bills regaining their confidence
      772 21  -  George Vecsey on the team that intends to put two Super Bowl losses behind it George Vecsey NYT MIAMI All week long, this game had the clammy feeling of the Runner-up Bowl, which the pre-merger National Football League used to force upon two humiliated squads.
      NYT  -  772 words
    • Article, Illustration
      Lock icon Becker takes a beating from Jarryd
      376 21 Australian Open AFP MELBOURNE The twoweek Australian Open began with one of the biggest upsets in recent times yesterday, as fourth seed Boris Becker crashed to Anders Jarryd of Sweden, better known as a doubles than a singles player. Becker's five-set defeat further depleted
      AFP  -  376 words
    • Article
      Lock icon Qatar to get its first golf course — built on rock
      336 21 Qatar to get its first golf course built on rock AP DOHA. Qatar The government has given its approval to start work on Qatar's first golf course on an old quarry. The US$l6.5 million (5526.4 million), 18-hole course with nine practice holes will be covered with grass, said project consultants
      AP  -  336 words
    • SIDE LINES
      • Article
        Lock icon James wins Madeira Island Open
        129 21 AP FUNCHAL. Madeira Mark James of England shot a finalround 71 and held off late challenges from Paul Broadhurst and Stephen Ames to win the Madeira Island Open by three shots, his first European victory in more than two years. James took a two-stroke lead
        AP  -  129 words
      • Article
        Lock icon McNulty takes S African PGA title
        89 21 Reuter JOHANNESBURG Zimbabwe's Mark McNulty equalled the course record to win the South African PGA golf championship with a seven-under-par final round 63 last Sunday. McNulty struck eight birdies on the par-70 Wanderers course to win by one stroke from compatriot Nick Price, the
        Reuter  -  89 words
      • Article
        Tubbs' replacement beats Biggs
        109 21 LAS VEGAS Mike Hunter, a late replacement when former WBA heavyweight champion Tony Tubbs failed a drug test, scored a unanimous 12-round decision over Tyrell Biggs last Sunday night to win the vacant USBA heavyweight championship. Tubbs. 32-4 with 19 knockouts, was not allowed to fight
        109 words
      • Article
        Lock icon Jansher, Dittmar clash again
        102 21 Reuter ZURICH Jansher Khan and Chris Dittmar. the world's top two players, will renew their fierce rivalry in today's final of the US$lOO,OOO Super Series squash tournament after convincing semi-final victories last Sunday. But it was a bad day for the Martin brothers from Australia. Rodney,
        Reuter  -  102 words
      • Article
        Lock icon Johnson loses race but gets attention
        109 21 AP MONTREAL While Ben Johnson keeps getting all the attention, Bruny Surin keeps winning. Johnson started fast close to a false start but was overtaken with a thrust of the chest at the tape as Surin won the 60-metre race last Sunday at the
        AP  -  109 words
      • Article
        Lock icon French rugby patriots to play Scotland
        126 21 AFP PARIS France will almost certainly keep the same team that took England to the limit at Twickenham last Saturday for their next Five Nations rugby match against Scotland in Paris. "After asking them to die for their country against England we are not
        AFP  -  126 words
    • SCORE CARD
      • Article, Illustration
        Lock icon Cricket
        72 21 Reuter Reuter MELBOURNE West Indies beat Australia by four wickets in the second day-night final of the World Series Cup yesterday, clinching the best-of-three finals 2-0. Scores: Australia 147 all out (47.3 overs). West Indies 148 for six in 47 overs. Reuter JAIPUR, India England beat India by four
        Reuter  -  72 words
      • Article, Illustration
        Lock icon Golf
        164 21 AFP AP AFP HONOLULU, Hawaii Leading final scores last Sunday in the Hawaiian Open (US unless stated): 269 Howard Twitty; 273 Joey Sindelar; 274 Paul Azinger; 277 Brett Ogle (Aus), JefT Maggert, Keith Clearwater. 278 Nolan Henke, Davis Love; 280 Mark O'Meara. Duffy Waldorf. Bill Glasson. Wayne Levi; 281
        AFP; AP  -  164 words
      • Article, Illustration
        Lock icon Soccer
        175 21 AFP AFP UPI MANAMA Sunday's result from the Asian Club Champions Cup tournament: Pass (Iran) I Wohaib (Pak) I. Semi-finals Wednesday: Yomiuri (Jap) v Pass (Iran); Al-Wasl (UAE) v AlShabaab (Saudi) AFP ROME l.ast Sunday's Italian championship football results: Ancona I Udinese 0; Brescia 0 AC Milan 1: Cagliari
        AFP; UPI  -  175 words
      • Article, Illustration
        Lock icon Tennis
        699 21 AFP MELBOURNE Australian Open tennis results yesterday. Men's singles, first round: Richard Krajicek (Neth x 9) b Larsanders Wahlgren (Swe xl 1) 6-1, 6-2, 6-1; Marcelo Filippini (Uru) b Claudio Mezzadri (Swi) 6-3, 6-3, 1-0 (retired); Jamie Morgan (Aus) b Simon Youl (Aus) 6-1, 6-3, 6-1; Fabrice Santoro (Fra)
        AFP  -  699 words
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  • LIFESTYLE
    • Article, Illustration
      The Voice weaves a spell
      530 22  -  Pavarotti had his Singapore audience in the palm of his hand last Sunday. F Y Van reviews his performance P Y Van PAVAROTTI's instantly recognisable, incisive voice conquered the capacity crowd at the Singapore Indoor Stadium on Sunday night with the greatest of ease. While
      530 words
    • Article
      An immense presence and sex appeal
      595 22  -  Simone Vaz finds the prima donna oozing charm Simone Vaz Luciano Pavarotti, proclaimed by some as the opera world's best tenor voice, is a man of immense presence and wait for it sex appeal. For, despite his much-discussed girth, Lucy Pavarotti drew screams of
      595 words
    • Article
      Clinton's brother rapped for casual outfit
      329 22 CHATTERBOX FIRST brother-elect Roger Clinton was chastised for his casual wardrobe by a fashionconscious member of the audience at a local appearance. "I'd like to know why you didn't dress properly," Betty Yaeger, 50, of Palm Beach said during a question-and-answer session. In response,
      329 words
  • Page 22 Advertisements
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      102 22 CHIN A°C H I N A 4th to 221Kl J«lit <».* (fxicfH j.tnl I, ,11, A symphony of (hi< ken, pigeon, dtu k <md Iro^ to enter to diltereiu tnste buds. Pi< k from our set menus tor 2. 4. <». 8. niMl lo [M-rsons with prk es from $:m
      102 words
  • Page 22 Miscellaneous
    • Miscellaneous
      Page 22 Miscellaneous Column 1
      1086 22 OUR CHOICE Nigh Desert Kill, 10.30pm, SBC 5 A group of men go for a hunting expedition, but the malebonding ritual is disrupted by a mysterious creature. It experiments on them to observe matching and despatching procedures. Marc Singer, Chuck Connors and company take some time to notice the blue
      1,086 words
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      1045 23 MniHmirf A BIKL Briiyfl WHERE T W|ME > D|NE and entertain or viiscift® 1 "Sk^l (everyday and j a little m° rc I on Tuesdays I Bo at your best misbehaviour at I this fun pub. Drink a naughty cocktail, join in the sinp-a-long sessions or dancc the niftht a\*
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      Page 23 Advertisements Column 2
      343 23 Fancy Beijing? Then, we're delighted to suggest the Pine Court for a memorable dining experience. V Try our Beijing specialities such as Baked Tench, Beijing Duck and Marinated Lamb and our lunch menu of Beijing dian xin. fICETd To add to your enjoyment, JfliQ all these are well within your
      343 words
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  • PROPERTY & CONSTRUCTION
    • Article
      Singapore's residential resale market thriving quietly
      748 24  -  Sylvia Wong looks at the latest trends in the sector Sylvia Wong UNLIKE the market for new properties, which grabbed attention with launches, overnight queues and sell-out crowds, the second-hand market for residential properties thrived quietly last year. The resale sector nonetheless caught the
      748 words
    • Article, Illustration
      Lock icon It's curtains for Beverly Hills Hotel... for now
      367 24 UPI THE storied "Pink Palace", the Beverly Hills Hotel, has closed its doors after 80 years of serving European royalty and the kings and queens of Hollywood along with just plain rich folk. The pink stuccoed hostelry with its trio of Spanish-style
      UPI  -  367 words
    • Article, Illustration
      Perth golf club ready for regional membership drive
      546 24  -  AT YOUR By Amy Balan AFTER nearly a year's wait, Joondalup Resorts International Pty Ltd, owner of the picturesque Joondalup golf course in Perth, is ready to kick off a regional membership drive starting with Singapore next month. Peter Kwee, vice-chairman of
      546 words
    • Article
      Jakarta market to get boost from low rates, new attractions
      648 25  -  Residential sector seeing pent-up demand, says Maggie Ford Maggie Ford LOWER interest rates and attractions such as private "golf estates" are likely to tempt buyers back to the Jakarta residential property market this year, real-estate agents and analysts say. The
      648 words
    • Article, Illustration
      Lock icon Colonial houses going for a song
      139 25 WANT to rent a Hyde Park bungalow for $950 a month? Or a semi-detached at Brompton for $500? These rates may sound incredibly cheap for such posh districts. But the snag is, they're not the London originals they're in Seletar Air Base. The Urban
      Pictures by Christopher Loh  -  139 words
    • Article
      Lock icon Caution remains the watchword of investors in 1993
      573 25 FT WHERE in the world should investors buy property? Even if there is an improvement this year on the past 12 months, the search for new opportunities is strictly for the brave. There is no guarantee that the first into the property
      FT  -  573 words
    • REGIONAL SKYLINE
      • Article
        Lock icon Guangzhou planning property centre
        72 25 China Daily GUANGZHOU Guangzhou, the capital of Guangdong, will set up a land and real estate trade centre in three years' time as part of its efforts to develop its second hand property market. The vice-president of the Guangzhou Land and Real Estate exchange. Liu Tianyu.
        China Daily  -  72 words
      • Article
        Lock icon Jakarta gets tough on builders
        77 25 Jakarta Post JAKARTA Indonesian developers have been warned not to' market their apartments before they get the permit stating that the buildings are structurally sound. Violation may cost them 10 million rupiah (about SS8.000) in fines or a 10-year prison term. Some Indonesian developers have
        Jakarta Post  -  77 words
      • Article
        Lock icon Mortgage agency tie-up
        77 25 Jakarta Post JAKARTA An Indonesian state -owned finance company, PT Papan Sejahtera. will team up with the country's Association of Real Estate Developers to set up a secondary mortgage agency to finance housing projects in the country. Enggartiasto Lukita. chairman of the association, said developers may find
        Jakarta Post  -  77 words
      • Article
        Lock icon Stelux plans Beijing Friendship Store
        95 25 South China Morning Post HONGKONG Stelux Holdings Ltd, known in Singapore for its City Chain watch shops, is to develop China's new Friendship Store in Beijing. A month after it announced it will take on a HKSS.4 billion (SSI. 15 billion) low cost housing project
        South China Morning Post  -  95 words
    • Article
      SQUARING UP
      86 25  -  By Colin Tan Average hotel room rates in the region: the lowest to the highest Rates as at 4 Qtr, 1992* (US$ Rates as at 4 Qtr, 1992* (US$) Seoul 210-230 Canberra 54- 95 Hongkong 181-207 Christchurch 53- 84 Tokyo 160 321 Wellington 51-105 Bangkok 141-196 Hobart 51
      86 words
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      70 24 <9 /SjgSSS "ailTn m sr SPMfI Mtifl m w&EM I tfV *S SB Ji 'jdR.« t.rlC, 'T™ jCffr «r < >*r Mf -i> Y,r v I >r 'jf\ .A J JHr j| It ./v M V P n :Mr jfk i IALt/7 <* H Y H i iii JTj&x B
      70 words
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      25 25 China's new revolution: WILL IT LAST? §GOH KENG SWEE, writing exclusively in this week's Regional Analysis, addresses the question. In Business Times tomorrow. Business Times
      25 words
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      415 25 I "We can and we will spread 4 our wings into the region and then to the wider wond." Senior Minister Lee Kuan Yew I 10 Jan 1993, The Sunday Times i|l The Government's push for more regional investments is expected to gain momentum in 1993 according to a Straits
      415 words
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  • Article
    India's wasted opportunities
    462 26 EDITORIAL A THEORY dubbed the Balkanisation of India made the rounds in New Delhi in the Eighties. According to this sensational theory, the forces of separatism and extremism would one day pull India asunder, shattering it into small bits. The theory was debated for a whole decade
    462 words
  • WHAT THE OTHERS SAY
    • Article
      Myanmar faces a new test
      309 26 MYANMAR's ethnic strife that has festered since independence in 1948 and its 30-year-old autocratic military rule show little sign of ending. Meanwhile, the political crisis deepens. The State Law and Order Restoration Council (Slorc), which assumed power after General Ne Win stepped down in 1988,
      309 words
    • Article
      Setbacks to peace in Cambodia
      162 26 THE UN-brokered peace accords in Cambodia are facing serious difficulties as the country steps up its preparation for its first general election scheduled in May. Continued armed opposition from the Khmer Rouge guerilla faction and increasing violence against politicians have threatened the peace process signed
      162 words
    • Article
      Miyazawa's Asean tour
      207 26 JAPANESE Prime Minister Kiichi Miyazawa's Asean visit not only marks the continuity of a political tradi- tion of the country but also stresses the importance it places on Asean and the South-east Asian region. Throughout his tour, Mr Miyazawa will highlight the issue of how Japan can
      207 words
    • Article
      Strike in Hongkong
      153 26 THE strike by flight attendants which has brought chaos to Kai Tak and embarrassment to Hongkong could hardly have come as a major surprise to anyone. The airline has known for weeks that a simmering dispute was about to boil over. Indeed, last month the company was
      153 words
    • Article
      Looking closer to home
      187 26 IN the past decade, Japan's relations with Malaysia have been seen in high profile its investors keenly sought; its people welcomed; its technology to be admired and to be emulated; its workers' work ethics to be inculcated. Beginning with Prime Minister Mahathir Mohamad's Look East policy,
      187 words
  • Article, Illustration
    Lock icon The gambler
    1217 26  -  Youssef M Ibrahim examines the reasons for Iraqi President Saddam Hussein's latest confrontation with the West Youssef M Ibrahim NYT IN CHOOSING inauguration week for his latest challenge to the United States, Iraqi President Saddam Hussein appears to be gambling on two things: that by demonstrating that the
    NYT  -  1,217 words
  • Page 26 Advertisements
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      304 26 BUSINESS TIMES TOLL-FREE TEL. No. 1-800-737 0043 FAX:734 3698 IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF PROPERTIES DEVELOPMENT (PRIVATE) LIMITED (MEMBERS' VOLUNTARY WINDING UP) At an Extra-Ordmary General Meeting of the above-named Company duty convened and held at No 10 Anson Road #28
      304 words
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      Page 26 Advertisements Column 2
      251 26 IN THE MATTER OF THE COMPANIES ACT, CHAPTER SO ANO IN THE MATTER OF ONYX MARITIME PTE LTD (IN MEMBERS VOLUNTARY LIQUIDATION) FINAL MEETING NOTICE IS HEREBY GIVEN, pursuant to Section 308 of the Companies Act. Chapter SO. that the FINAL MEETING of the Members of the abovenamed Company will
      251 words
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      Page 26 Advertisements Column 3
      390 26 IN THE MATTER OF THE COMPANIES ACT, CHAPTER SO AND IN THE MATTER OF BROOKY ENGINEERING (S) PTE LTD (IN MEMBERS VOLUNTARY LIQUIDATION) FINAL MEETING NOTICE IS HEREBY GIVEN, pursuant to Section 306 of the Companies Act. Chapter 50. that the FINAL MEETING of the Members of the abovenamed Company
      390 words
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      Page 26 Advertisements Column 4
      357 26 IN THE MATTER OF TBI COMPANIES ACT, CAT. 59 AND IN THE MATTER OF SELAMAT PAGI PTE LTD (IN VOLUNTARY LIQUIDATION) At an Extraordinary General Meet Big of the members of SelamatPagi Pie Ltd duly convened tad held oa 1) January 1993 at 10.00 ml at 51 Aim Road #06-33
      357 words
  • Page 26 Miscellaneous
    • Miscellaneous
      Page 26 Miscellaneous Column 1
      77 26 s (uc u p me.....) (I'm rcuts.} Csoß.se mej V Of th& J e ASSOCIATED NEWSPAPERS LTD.. IM2-IM] efe~. POONESBURY GARRY TRUDEAU JUSTICE? YOU'RE ANGRY? HEAVENS NO, DEAR! GRACIOUS, UM-.IGUESS YOU'RE NOT ANGRY, WHY MM? IBE ANGRY* PEAR! YOU'LL 50. BUT tU. GOtNGTO LACZY* 'TSTIMB YOU STOPPED 100RK- ABSOLUTE- STILL
      77 words
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  • ANALYSIS
    • Article
      Lock icon Button capital of the world
      1021 27  -  A little town in China has put itself on the map by churning out billions of buttons annually. Nicholas D Kristof reports Nicholas D Kristof NYT FOR A glimpse into China's economic revolution, it is useful to stroll down the main street of Qiaotou, a
      NYT  -  1,021 words
    • Article, Illustration
      Using money to make money
      1281 27  -  First, it was Singapore. Next, Indonesian businessman Herman Tanihaha will be looking to Malaysia's Johor Baru and China's Putian City to reap the rewards of his hefty investments there. Teh Hooi Ling reports Teh Hooi Ling LIKE most businessmen, Indonesian Herman Tanihaha is driven by
      1,281 words
    • Article, Illustration
      China's City of Shoes
      304 27 PUTIAN is a coastal city in China's Fujian province directly facing the island of Taiwan. It is about 78 nautical miles from Tai Chung, the largest town in central Taiwan. With China's on-going economic reforms and open-door policy. Putian has been earmarked for future economic development
      304 words
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  • Article, Illustration
    Lock icon US economic security is major foreign policy goal: Clinton
    499 28 New administration to continue tough stance on Iraq Reuter AFP WASHINGTON Presidentelect Bill Clinton says the economic security of the US would be a major goal of foreign policy under his administration. "We will make the economic security of our own
    Reuter; AFP  -  499 words
  • Article
    Lock icon Talks fail, union spurns back-to-work plans
    511 28 Cathay Pacific strike Reuter AFP UPI HONGKONG Talks between Cathay Pacific Airlines and its cabin crew broke down yesterday, and the Flight Attendants' Union (FAU) rejected the airline's offer to donate a week's profits to charity if strikers went back to work for the
    Reuter; AFP; UPI  -  511 words
  • Article
    Lock icon Germany set to cut rates in 1993: Bundesbank official
    482 28 Reuter HANOVER A member of the German central bank's de-cision-making council yesterday said that the bank would definitely lower its interest rates further this year. The high level of German rates has been widely seen abroad as one cause of an
    Reuter  -  482 words
  • Article
    Lock icon No change in role of Japanese army overseas
    276 28 Reuter TOKYO Prime Minister Kiichi Miyazawa has ruled out any revision of Japan's Constitution to increase the army's international role. News reports yesterday quoted Mr Miyazawa as saying he could not support a ruling party plan to open discussions in Parliament on
    Reuter  -  276 words
  • Article
    Lock icon HK legislators voice fears over row ahead of talks with Major
    356 28 Reuter LONDON Conservative Hongkong legislators yesterday expressed concern at the deadlock between Britain and China over proposals for increased democracy in the colony and urged Governor Chris Patten to modify them. Ron Arculli and Edward Sing-tin Ho. speaking before
    Reuter  -  356 words
  • Article, Illustration
    A flexi-wage system based on productivity growth?
    895 28  -  The Bottom Line CHUANG PECK MING CHUANG PECK MING The writer is a BT correspondent THE National Wages Council has to do more this year than just draw up guidelines for pay increases. The government has assigned it the additional job of examining
    895 words
  • Article
    Lock icon Prosecutors taking up Sagawa case again, say newspapers
    236 28 Knight-Ridder TOKYO A special investigatory unit of the Tokyo District Prosecutors office is ready to take up the political side of the Sagawa Kyubin money-for-influence scandal, newspapers said yesterday night. The unit has been criticised by a citizen's advisory group for quitting
    Knight-Ridder  -  236 words
  • Article
    Lock icon Rao names veteran diplomat as new foreign minister
    484 28 AFP NEW DELHI Indian Prime Minister P V Narasimha Rao yesterday unveiled a new Cabinet. naming a veteran diplomat as foreign minister and retaining his home and defence ministers, overriding criticism of their handling of the current sectarian violence. Dinesh Singh. 67.
    AFP  -  484 words
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  • Shipping Times
    • Article
      More pirate attacks taking place in Philippine waters
      440 29  -  By Ramesh Divyanathan SINGAPORE Pirate attacks around the waters of the Philippines have been increasing while the number of reported attacks around Indonesia and in the Straits of Malacca have dropped. Mazlan Abdul Samad, regional manager of the International Maritime Bureau's (1MB)
      440 words
    • Article
      Lock icon Hongkong shipping agents urged to use EDI
      374 29 South China Morning Post HONGKONG Shipping agents in Hongkong should turn to EDI (electronic data interchange) and automation to control increasing operating costs to help them survive, says the Hongkong Liner Shipping Association. Mr Terence Sit, who was re-elected 1993 chairman at the
      South China Morning Post  -  374 words
    • Article
      Bangkok to decide on fate of Thai carrier
      231 29 BANGKOK The fate of Thai Maritime Navigation Company's (TMN) privatisation plan will soon be decided by the government, according to The Nation last week. Jutha consortium had won a bid conducted by the Anand administration and one of its proposals focused on
      231 words
    • Article
      Lock icon Johor port to start on phase 4 of expansion project
      243 29 Bernama JOHOR BARU Work on the \*****-million (Ssl6s million) phase four of the Johor Port expansion project is expected to begin in the middle of this year and be completed in 1995, Johor Port Authority chairman Datuk Suleiman Mohamed Noor
      Bernama  -  243 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      873 29 rage Col ABC Containerlinc 12 1 Accord Group 8 1-3 •APL 5 3-5 Alpha Feeders 6 1 •ANL 3 |/2•ASCL 5 5 Avant Shpg 6 4/5 Avia Airways 14 4 •Bait Orient Line 7 4/5 Bangladesh Shpg 18 5 •Bank Line. The 9
      873 words
    • Article, Illustration
      Sembawang wins US Navy deal
      323 29 SINGAPORE Listed Scmbawang Shipyard Ltd is making good its promise to strengthen its niche in naval repair work, winning a contract to repair its third US Navy support vessel in three months. The arrival of the US Navy bunker ship Andrew J 11 logins follows
      323 words
    • Article, Illustration
      Lock icon Trucks gaining favour with Americans
      955 30 The truck market has become the most important moneymaker for Detroit's Big Three NYT Truck-like vehicles mini-vans, sport utility vehicles and pickup trucks have replaced more and more cars as everyday transportation since the 1980s, defying expectations within the automotive industry that the trend would
      NYT  -  955 words
    • Article
      TRANSPORT DIARY
      1388 30 COURSES 1993 From Jan 20 (8 evenings): Import/Export and Shipping Procedures organised by ELIM Management Services (SDF 50%). For course details and application forms, please call *****70. February 5 (10 eveinings): Cargo handling and shipping course organised by Computor Lord Industrial Training School Centre (SDF 50%). For application
      1,388 words
    • Article
      THE SHIPPING GUIDE
      11753 38 This is a list of ships loading at Singapore for ports around the world. It tabulates, by destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. LEGEND PN: ship calls at Penang after
      11,753 words
    • Article
      SHIPPING AGENTS
      3355 43 A IS.BC ontainerline NV: Bclsin Shpg Agcncics Pic Ltd (SyMannc Handling Sdn Bhd (PK/PN) Accord Group: Accord Shpg Ptc Ltd (SyAccord Contr Line (PK/PN) Adkris Business Corporation Philippine: Calsouree Shpg Trdg Pte Ltd (S) Ahrenkiel Liner Service: Kim Shpg Trdg (S). Albatros Sea-Air Service: Frata Shpg Ptc Ltd
      3,355 words
    • Article
      COURIER SERVICES
      269 43 Abacus Couriers Tel: 545-8011. Fax: 545-1898. Air Express Travel Tel: 533-5771. Fax: 535-6144. Airborne Freight C orporation Tel: 542-8844. Fax: 542-3716. *****80. Airswift Worldwide Courier Tel: 278-0188. Fax: 273-8283. AJS Supplies Tel: 748-6322 (2 lines). 747-7421. Fax: 742-8975. CitvLink International Tel: 344-3377. Fax: 345-6450. Cluster Link Supplies Sen
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      AIR FORWARDERS
      1479 43 Abex Express l-reight Tel: 542-7171. Fax: *****84. Actinic Forwarder Tel: 225-1833. Fax: *****42. Activair Singapore Td: 542-7821 Fax: *****20. Aeroliak Freight International Td: 545-8033. Fax: *****05. Aerospeed Td: 542-5911. Fax: *****18. Air Cargo Now Express Td: 542-5454. Fax: *****06. Air Express International Td: 542-7666. Fax: *****74. *****50. Air
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    • Article
      PORT CONDITIONS
      1907 44 ALBANIA Durres: Nine vessels in port of which discharging: 1 wheat, 3 general cargo, 1 flour, 1 potatoes, 1 glass, 1 coal; 1 vessel loading loading general cargo. ANGOLA Lobito: Following disturbances and absence of labour on Jan 6, port is now returning to normal amd resumption of
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      Lock icon SHIP SALES & TANKER RATES
      915 44 SHIP SALES TANKER RATES The information waa contributed by Simpson Spence Young. Once again we have a week which has been dominated by an accident involving a tanker and a major oil spill. The grounding of the *75 built Aframax 'Braer' in the Shetlands has once more brought to the
      The information waa contributed by Simpson Spence & Young.  -  915 words
    • Article
      AIR FREIGHT SCHEDULE
      559 44 ARRIVALS Op Flight l>pe ETA T From TODAY NCA KZ203 B747F 0145 1 NRT KAL KE697 B747F 0150 1 SEL JAL JL617 B747F 0345 1 TYO SI A SQ835 B747F 1125 2 BSL/DXB RJA RJ024 B707F 1900 1 AMM/DXB CLX CV796 B747F 2115 1 LUX/AUH/KUL TOMORROW AZA
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      CRUISE & FERRY SCHEDULES
      469 44 CRUISE FERRY SCHEDULES KTj HPT E SHIPS ETA LTD Ports of CaUs Port Agent Telephone No Ait Dep Name of Vessel JANUARY 19 19 Fantasy World 1000 1900 Ascan Cruise Laun Sons 227-8284 20 20 Fantasy World 1300 1900 Ascan Cruise Laun Sons 227-8284 20 20 Regent Spirit 1400 1900
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    • SHIPS IN PORT
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        AT CONVENTIONAL WHARVES
        373 45 Vessel Voy No Berth Arrival Departure Vessel Voy No Berth Arrival Departure E Jurong Port P»neer Wave 23 P06 alongside 1801/1500 Biryugang J7 alongside 19.12/1800 Raga Mas 4 01/93' P04 alongside 1801/2300 KM 1801/B 01/93 J3 alongside 19 12/1400 Splendid For 02E P08A alongside 2001/0600 Soarer Adonis
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        CONTAINER SCHEDULES
        1682 45 DELIVERY OF FCL IMPORT CONTAINERS IN PROGRESS J Ship Voy No Containers avaiable Ship Voy No Containers available Wan Hai 206 S017 COO(EST) 1801 93 1500 P Garfield 068E 17 01.93 0703 Aries 9307 COO(EST) 18.01.93 1500 Wriac 11S 17.01.93 0830 Arktis Grace 9239S COO(EST) 18.0193 1500 CY
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    • AIR AND LAND TRANSPORT NEWS
      • Article
        Lock icon Review recommends that Qantas cut 1,835 jobs
        393 48 Reuter SYDNEY Qantas Airways said a review has recommended the cutting of 1,835 jobs over two years as part of a plan to save AslsB million (S$ 175 million). Qantas, in which British Airways (BA) has agreed to take a 25 per cent
        Reuter  -  393 words
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        Lock icon Virgin boss threatens further legal action
        272 48 UPI LONDON Virgin Atlantic chairman Richard Branson has threatened further legal action against British Airways unless the airline provides "meaningful compensation" for the "incalculable damage" suffered by the BA's dirty tricks campaign, reports said. He warned he will instigate anti-trust proceedings against senior BA
        UPI  -  272 words
      • Article
        Lock icon BA flies into turbulence after apology
        467 48 Reuter LONDON British Airways is set for turbulent times which might see a top management shake-up in the aftermath of its humbling apology last week to Richard Branson and his Virgin Atlantic Airways over alleged "dirty tricks". But the self proclaimed "World's Favourite Airline"
        Reuter  -  467 words
      • Article
        Fiata moving to compete with integrators
        494 48  -  By Juliette Walker SINGAPORE The International Federation of Freight Forwarders Associations (Fiata) is working to develop an air-express product to compete with those ofTered by integrated carriers. Fiata's Singapore-based president. Tan Kay Hock, told Business Times that the federation aimed to introduce "Alpha Racer"
        494 words
      • Article
        Lock icon Peugeot's sales in Europe slip
        281 48 Reuter PARIS Automobiles Peugeot said on Sunday it sold 2.4 per cent fewer new cars in Europe in 1992 as a "disappointing" showing in its domestic market overshadowed a slight rise in sales outside of France. The firm, the largest of two vehicle-making units within
        Reuter  -  281 words
      • LOG BOOK
        • Article
          Lock icon Honda announces tie-up with Piaggio
          55 48 Reuter TOKYO Japan's Honda Motor yesterday announced a technical cooperation agreement with Italy's Piaggio Veicoli Europei. the leading manufacturer of motorcycles in Europe. Honda said details ot the agreement would be finalised in May and involve the development of small to medium-sized motorcycles and the
          Reuter  -  55 words
        • Article, Illustration
          Lock icon Floods hit Mexico, California
          46 48 Reuter TIJUANA, Mexico Ramon Feli standing next to his Hooded Toyota Corolla in front of his house in the Camino Verde section of Jijuana. Several parts of California have been hit by a series of storms, causing heavy flooding and damage. Reuter
          Reuter  -  46 words
        • Article
          Lock icon BAe, Taiwan Aero to finalise deal
          102 48 Bloomberg TAIPEI Taiwan Aerospace and British Aerospace were to finalise an estimated £240 million (SS6I2 million) joint venture in London yesterday, the United Daily hews reported on Sunday. The two signed a memorandum of understanding last Sep 23 under which the British jet maker
          Bloomberg  -  102 words
        • Article
          Lock icon BAe close to US$500m Indian order
          56 48 Bloomberg LONDON British Aerospace is close to landing a US$5OO million (S$ 1.28 billion) order from India for 88 Hawk training jets, the Observer said. The deal ought to be signed by March, and follows reports that Indonesia is planning to buy up to
          Bloomberg  -  56 words
        • Article
          Lock icon Abidjan airport to reopen on Saturday
          50 48 Reuter ABIDJAN Ivory Coast's international airport, closed since Thursday morning, will reopen to traffic by midnight on Saturday. The airport was closed when a Romanian Boeing 707 cargo plane on charter to Air Afrique crashed on landing, damaging its wings, undercarriage and fuselage. Reuter
          Reuter  -  50 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1279 48 at* wjt ra Abu Dhabi GA893 1500 GA982 0210 GA974 2225 GA886 2305 Adeiaide SQ228 2050 SQ227 2230 Amman RJ182 1440 RJ183 2340 Amsterdam SQ23 0645 KLS38 2240 KL831 0940 Auckland NZ25 1655 NZ28 1810 SQ288 2030 BA12 2200 Bandar Sen BI421 1105 SQ182 0915 Begawan
        1,279 words
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      28 29 A A onagers /l/lust r W lanage BT shows you how every Monday. Trucks gain favour with Americans, Page 2 Review recommends Qantas cut 1,835 jobs, Back Page
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      21 29 Lines and services represented by I f the Registry of Accredits /ijKSRj SIMS: Shwo For conlacl SM PP i 'V Timet
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      232 29 Some Reasons For THE STRAITS TIMES WEEKLY OVERSEAS EDITION You've posted a manager to head your Tokyo office. The Straits Times Weekly Overseas keeps him posted. For other reasons, send in your subscription now. The Straits Times WEEKLY OVERSEAS COITION Making an issue of the major issues I 1 I
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      39 29 Yourson is studying overseas. And you want him close to home -with news from home. To your principals and business associates overseas, it's assuring that Singapore is great for business. The Straits Times Weekly is like a country report.
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      69 29 International Freight Forwarder EUROPE LCL FCL Services @©***** j M+R FORWARDING PTE LTD Someone dose has been living in Canada for some years. You've given up writing those long letters. The Straits Times Weekly tells it better. (He might come back after reading all the good news.) You travel often
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      57 30 The Baltic Exchange report was not available. rSvx:Vi 3 market for CVXWR jobq/l freh ctey J U 5? F 4 <3 Any Job. any Career. Available Any Day. Any Time, anywhere. Thf Strait* Timf-» Tuit Sunday TIMM Biwmm: Timks Thf nfw PArrn ianmf Zaohao Lianme Wanbao SHIN MIN DAILV News
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      9 30 Port conditions, Page 16 Ships In Port, Page 17
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  • Page 30 Miscellaneous
    • Miscellaneous
      Page 30 Miscellaneous Column 1
      608 30 TODAY'S TIDES (height in metres) HOUR 0000 0100 0200 0300 0400 0500 0600 0700 0800 0900 1000 1100 1200 1300 1400 1500 1600 1700 ISOO 1900 2000 2100 2200 2300 JR 1.7 1.5 1.5 1.5 1.6 1.9 2.2 2.5 2.7 2.6 2.5 2.2 l.« 1.4 1.1 OS 0.7 0.7 0.9
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      2720 31 OOCL (S) PTE LTD JARDINE SHIPPING AGENCIES \l| wgj BOOKINGS TEL: *****34 *****58/ *****40 i I I J*S CFS (PSA F5) TEL: *****21/ *****79 (T BAAAfI f| PESAKA JARDINE SHIPPING AGENCIES SON. BHD. J PORT KELANG TEL: *****18 FAX: *****91 *****88 r»..«!;♦». PENANG TEL: *****4 FAX: *****1 CFS TEL *****6
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      Page 31 Advertisements Column 2
      1854 31 For advertising enquiries, contact Shipping Times: Tel 740-2089/740-2090 IS U ASC ilk J UNITED ARAB SHIPPING CO. (SAG) W To US East Coast j U I I 1 I 1 I I mT~|B m uwi mum 2Mi i/m v« ;/u t/u I UNTIMUMIM 2/92 1/91 U/U 12/11 14/91 I INMMM
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      Page 31 Advertisements Column 3
      1388 31 ■□IV.H-HH'L'H TWO TIMES A WEEK TO WEST MEDITERRANEAN CALL US NOW Vessel Voy ETA ETD Feeder by Sea Lark, Aries DESTINATIONS This *e«* Marie Maersk 930? -26/1 0800 MRS CFS 25/1 2359 MRS JOH LPK PEN OAK LGB I HCHJ SOO ATL MIA CHS BAL PHL NYC ARC TOR MARIT
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      1507 32 AOABA R DAM/ [1 MfM VOY NO S PORE JEDOAH (via JED) S TON H BURG ANT HAVRE ■oUlj ELBE 14/102 21/1 6/2 9/2 7/2 I. lU. HKSTtOUW KATSURAGI 13/302 23/1 2/2 8/2 10/2 13/2 IS/2 17/2 fORT KELAM A KMW HAMBURG EXPRESS 12/103 28/1 13/2 16/2 14/2 CMfiO TO
      1,507 words
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      Page 32 Advertisements Column 2
      548 32 FCL Breakbulk Service to: AFGHANISTAN MAM Afghanistan Ltd., So)e Foreign Forwarder in Kabul for all services C.1.5.-Vostochny, Vladivostok, Moscow, Tashkent, Kiew, Minsk, Riga, Baku North Korea Vietnam Mongolia Hungary CSFR t Poland ocwrans AGENCIES (FAR EAST) LTD NOUAKCHOTT-BANJUL-BISSAU-LUANDA-BATA Feeder Veasel ITA SIN VILLE DE SIRIUS 24/01 VILLE DE VENUS 26/01
      548 words
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      Page 32 Advertisements Column 3
      1377 32 I E>xam REGULAR INDEPENDENT FULL CONTAINER SERVICE VBL/VOY SIN ALG BCL* HAM BRE# ROT ANT# FEL LHA NORASIA MUBARAK 9246-3 19/01 10/02 12/02 14/02 15/02 16/02 17/02 18/02 19/02 NORASIA Al MANSOORAH 9247-3 26/01 17/02 19/02 21/02 22/02 23/02 24/02 25/02 26/02 NOR ASIA PRMCESS 9248 3 02/02 23/02 24/02
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      1870 33 STRAITS SHIPPING PTE LTD 10 Hoe Chiang Road #11-01 Keppel Towers Singapore 0208 Tel: *****88 Fax: *****17 «T« aw*** L« JU COMTAMO. MltYIC* TO CAMOOIA K«B> MERtM *02t kk. »jn. law IJ-1J Ijn 19 Un 22 lan *021 Mu»a. lab 20 22 lan 22 lan 2« ian OOKE *0* *»»a.
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      2374 33 0 SINGAPORE AGENT: I-Vvi 1 I .ATltilltlPl*C PSO Containers (Singapore Agencies) Pte Ltd 9 10 Hoe Chiang Road #07-01 KEPPEL TOWERS SINGAPORE 0208 BH'jWmk CR PNOCSP F 5 5327,222 75,7 EXPORT IMPORT VESSEL VOY 'PMG -PKQ SM AiO SOU AHT ROT HAM VESSEL VOYANT HOI TOR BAY OSIO 14/01 18/01
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      771 34 •S!*! DJAKARTA r INDONESIA NATIONAL LINE j T6 EUft6EE llll&Sl 5 HOY STOW WMM UM »MC WOO I MHKWr KUTAI 27W8 23-27/2 23/3 21/3 2/4 7/4 TO AUSWS~* m> EAST COAST PORTS VSI/VOY PKL SPOM SYD MIIB I B»IS I Ftt I ACCI MOO AUSTKAIIA, ***** 20/1 19/1 5/2 S/2
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      Page 34 Advertisements Column 2
      1968 34 HANJIN SHIPPING FDR VSI SM LIC HAUL SEA VC* FOR VSI SM IIME HAUL SAV KM NYC KHGUARD BAY 302N 2VI H IONGHAE 09# 11/2 19/2 FISHGUARD BAY 302N 25/1 M flfllTY 026E 4/J 5/3 7/3 HAN*N CHEW 09IE 12 K «mW M7E 25/2 2C/2 HANJM OtAJ 09IE 12 K
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      Page 34 Advertisements Column 3
      1383 34 i -J. j J "rra"jjTT|^ IKI scr KSC HKG UC PUS Wl 0» K( SW TYO LAI CI6 BAI NYC UN MM ROM TtV MS PS OB HI SGP I GROWTH K 031 20/1 20/1 24/1 21/1 34/1 2/2 3/2 5/2 C/ 2 7/2 1/2 19/2 3/3 5/3 6/3 lt/3
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      1372 35 SCX: 'CALIFORNIA PEGASUS 10E' ETA SGP 20/01/93 II 1 II ARR,V,MG LOS ANGELES 07/02/93 IN 17 DAYS. II AEX NEPTUNE CORAL 07E' ETA SGP 27/01/93 I ARRIVING NEW YORK 27/01/93 IN 22 DAYS. NORTH WEST EXPRESS (NWXf WMgSitM sf SINGAPORE CALIFORNIA EXPRESS TO PNW» USA ipfjMDPOIMTS I J 1/ FEEDER
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      Page 35 Advertisements Column 2
      329 35 ©HEUNG-A SHIPPING II Korean Flag Vessels FULLY CONTMNERBED SERVICE TO: HONGKONG, BUSAN, MCHON, MOJI STRAITS/KOREA SERVICE HI SM SUB MRS BSN MC MCI •MO 6 DONMI 301N 22/01 2C/01 04/02 00/02 11/02 LEEWARD ***** 24/01 25/01 20/01 02/02 04/02 05/02 CHOYAN6 LANO W303 27/01 29/01 03/02 07/02 00/02 10/02 E
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      Page 35 Advertisements Column 3
      161 35 CENTENARY SHIPPING SERVICE WEEKLY FULL CONTAINER DIRECT SERVICE I SINGAPORE/HO CHI MINH CTTY Now providing Container Trucking toVungtau, from Ho Chi Mlnh Qty VESSEL S NAME VOV. NOW ETA/D 5 PORE ETA/D HCM CITY TANAM AIR 74M/S 20 20 JAN 23-23 JAN 93 TAN AM AIR 75N/S DRV DOCK TANAM
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      Page 35 Advertisements Column 4
      1171 35 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD BOOKINGS: BALT ORIENT LINE: *****64 FESCO: *****06 BLASCO ODESSA: *****51/*****31 ENQUIRIES: *****33 KL: 03-*****75/697 PORT KELANG: *****43/ *****40 JAKARTA- *****57 PENANG: *****4/ *****8 JOHORE BAHRU: *****1/ *****1 MARINE INSURANCE SERVICE: *****87/ *****87 (REGULAR INDEPENDENT SERVICE) FULL CONTAINERSHIP SERVICES EASTBOUND—DISCHARGING MESTBOUND-LOAOWG TRANSHIPPED VIA ROTTERDAM
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      1405 36 AS AGENTS: KAWASAKI SINGAPORE (PTE) LTD (CR He **********01*1 I W m IWT m TEL: *****77 TELEX: KAWAKI R*****5 FAX: *****07/8/9 H m MALAYSIA: "K" LINE MARITIME (MALAYSIA) SDN BHD I JL TEL: SA *****00 PK *****75 PEN *****0 JB *****1 PGU KAWASAKI KISEN KAISHA, LTD Indonesia. p.t. sarana laut
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      Page 36 Advertisements Column 2
      1202 36 PHILI-OniCNT LINGS PT€ UD Y 108 Robinson Road #07-00 GMG Building Singapore 0106 Tel: *****22/*****69/*****00 Telex: RS ***** Fax: *****76/*****38 &jQ BY AIR, LAND OR SEA.... -jbj. WE TAKE ON THE WORLD FOR YOU Igfl MEMBER OF SINGAPORE FREIGHT FORWARDERS ASSOCIATION AUSTRALIA/HEW ZIALAMO/SOUTH PACIFIC FCLA.CL SOtVICE 18 JAN SYDNEY. MELBOURNE.
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      866 37 (SSsaglff PACIFIC INTERNATIONAL LINES (PTE) LTD j I SSSSS 140 Cecil Street. #03-00 PIL Building. Singapore 0106. I SSSSSff mJHHF CR NO **********0E I VESSEL VOY SIN HKQ SIN CMB JIB HOO JED AOJ KOTA WUAYA WJAOI9 2/2 6/2 11/2 17/2 1»/2 21/2 23/2 KOTA SINGA SGAO2I 14/2 I#/2 2«/2
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      Page 37 Advertisements Column 2
      1036 37 WEEKLY LCL SERVICE NORTH EUROPE EVERY TUESDAY FOR THE FASTEST TRANSIT TIMES IN THE TRADE CALL:BEN LINE AGENCIES (S) PTE LTD TEL: 225 3522 BOOKINGS: NOELLE TAN TS CHOW/ YEA SHYUAN OR EAC TRANSPORT AGENCIES (M) SDN RHD BOOKINGS: ANGELINE TAN SHAH ALAM TEL: *****49 001 ARK KHIANG PENANG TEL:
      1,036 words
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      Page 37 Advertisements Column 3
      312 37 °BSA° TRANSPORTATION mm MYANMA wmm. FIVE STAR LINE (Myanmar National Line) Loading for Yangon (Rangoon) S'pore P Klf Pen P.Gdj PATHEM VI2IW SM In Pt HP* AN VIBSW In Pt SM PAGAN WI92W 28 30 lan •M.ATSU AUNTS BOUSUAO SHPPMG AGENCKS Att. ta 03-*****00 PHI TEL 03 3M6767 PEN: TEI
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      2582 40 Full Container Liner Services Mabpu's Afmts: Indonesia's Am* General Agents: Booking Agents: Cum Guan Shipping Sdn Bhd Chung Chiao Shipping Sdn Bhd ?T. Global Putra Indonesia Maritime Costar Shipping Pie Ltd Sluppmg Freight Booking Ceotre Sdn BM 53 Persian Rata Muda Musa Lot 3.34. 3rd Floor. J> IR H Juanda
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      588 41 fit FAMOUS CONTAINER LINES 10 ANSON RD. #15-21 INTERNATIONAL PLAZA, S'PORE 0207 HOT LINE: *****33 (24 LINES) LIMASSOL/PIREAUS 23/1 ROTTERDAM 23/1 HAIFA/ASHDOD/ALEXANDRIA 23/1 HAMBURG/BREMEN 23/1 MARSEILLE/FRANCE 23/1 FELIXSTOWE/UK 23/1 BARCELONA/SPAIN 23/1 LEHAVRE/ANTWERP 23/1 GENOA/ITALY 23/1 GOTHENBURG/SCANDINAVIA 23/1 LOS ANGELES/WC/IPI 23/1 SYDNEY/MELBOURNE 22/1 NEW YORK/EC 23/1 FREMANTLE/ADELAIDE 29/1 VANCOUVER 23/1 BRISBANE
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      Page 41 Advertisements Column 2
      746 41 g RICHFIELD MARINE AGENCIES (S) PTE LTD TEL: *****33 (12 Lines) FAX: *****15/*****03 TELEX: RS ***** RISHIP (3 Line*) \M\ ETHIOPIAN SHIPPING LINES (National Lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL VESSEL |VOY ETA IIOACHNG FOB SPORE NETSANET 28VV8 31'01 OARESSALAAM MOMBASA OJI6CHJTI ASSAB MASSAWA ABYOT 30WB 27/0? OARESSALAAM MOMBASA
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      Page 41 Advertisements Column 3
      651 41 JAKARTA BANGKOK wsaa I voy I «n I it 1 Ivosa Ivor hnsawke Bangkok WANA BHUM 174S 20/1 24/1 PITA BHUM 264N In Pt 19/1 Fri 22/1 Mil BHUM 14S 22/1 24/1 G HOfINTSEV 10ft Wed 20 1 Sat 23/1 BENIA BHUM 42S 23/1 27/1 MAHA BHUM 141N Wed .'Bl
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      Page 41 Advertisements Column 4
      333 41 tags! nsR-um BAYOF BENGAL SERVICES TKU BRDGE 239 M MPI 25-26/1 02-63/2 I TIGU SIM MN 21-22/1 2*29/1 03-04/1 IGU SPIED 240R 25-24/1 31-01/2 0( 07/2 TKER U*o* 51H 27-21/1 03-04/1 10-11/1 Iwssti wt aw cot aw AHLEHS BREI2E 954CW 23-24/1 30-03/2 00-10/2 IHOTSE 434 20-27/1 02-06/2 12-13/2 TIGEIt mi
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      1538 42 groupage I ~HPENANG: (04) *****6 SIBU: (084) *****9 KUCHING: (082) *****3 v W N P.KELANG: (03) *****77 JAKARTA: (21) *****32 SURABAYA: (31) *****0 HKG/TWN/BKK I GOTH/U.K/MED PORTS PEN PKL SIN PEN PK SIN 19/1 20/1 21/1 Hong Kong Ldn/Fli/Rdm/Ant/LHV 21/1 22/1 23/1 27/1 28/1 29/1 Hong Kong Gburg/C'hagen/Sholm/Oslo 24/1 25/1
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      Page 42 Advertisements Column 2
      248 42 BLUE STAR LINE SINGAPORE TO AND FROM NEW ZEALAND AND PACIFIC ISLANDS SIN AKL LYT SIN PREMIER 22S 3/2 15/2 17/2 4/3 MULBERA 31S 11/2 23/2 25/2 11/3 AUST STAR 85S 23/2 7/3 9/3 23/3 -WITH OPPORTUNITY TO CAU TOWNSVKIt ON 0« ABOUT 27 1 FULLY CONTAINERISED SAILINGS DISCHARGING AT
      248 words
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      Page 42 Advertisements Column 3
      1017 42 THONG SOON UNES PTE. LTD. 77 ROBINSON ROAD #15-00, #16-00 SIA BUILDING SINGAPORE 0106 TEL: *****88 FAX NO: *****11, *****22 TLX: RS ***** CARRIER, RS ***** JENHOL CABLE: TOSOCO I CONVENTIONAL/CONTAINER I CONTAINER SERVICES SINGAPORE TO SARAWAK SINGAPORE TO WEST MALAYSIA KSStL vor SPORE dist VESSEL voy spore p. kelanc
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      111 45 FOR SUCCESSFUL MANAGEMENT OF YOUR BUSINESS Stories on labour and its relationship with management, management concepts in practice, 7 profiles of leading managers in Singapore and J relevant book reviews. (j L y ENTERPRISE MANAGEMENT, in Business Times every Monday, is must reading for managers who want the L^— I
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      Page 46 Advertisements Column 1
      674 46 JL coscol I UKC CONVENTIONAL SERVICE VESSEL PKL PNG P G. LOADING FOR A VESSEL 28/1 Rotterdam/Antwerp CHINA CONVENTIONAL SERVICE VESSEL PKL PNG P G. LOADING FOR: A VESSEL 15/02 20/02 Huangpu/Guangzhou COSCO FULL CONTAINER SERVICES (FCL/FCL) EXPORT TO: CHINA/BANGKOK/HONGKONG EUROPE/CONTINENTAL WEST MEDITERRANEAN AUSTRALIA US WEST COAST PERSIAN GULF/KARACHI Please
      674 words
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      Page 46 Advertisements Column 2
      189 46 A SSSBSfc EES FREIGHT SERVICES PTE LTD J lllirm #01-60 Wallich Building, i Wallich Street, Singapore 0207 I Tel: *****66 (10 Lines) Fax: *****69/*****44 I I VSL: HANJIN JAKARTA 11 VSL: NANTA BHUM 11 VSL: BENARTY I II V.I 32 II V.125N II V.2531 I II ETD SIN. 28/1/93 II
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      Page 46 Advertisements Column 3
      423 46 CROSS WATER KID OFFICE: 291 SRANGOON ROM) #06-00 SERANGOON BULDMG $(0121) RAREHOUSE (CFS): BLK 37 ##4-25/26 TG PAGAII FREIGHT STATU* TEL *****05 |l/ 2 :M M l/«TT^^—^^^MB3q7T" I PT KELANG/PENANG 1/2 ■y^S>jj{«{^{jsl!SC]2Q|H26/^ I TOKYO/YOKOHAMA 1/2 ■2QQISB3IISHHIHL3ZII I BUSAN 1/2 E3EISE&HHHHHHIJZII I USA 130/1 gg^3iEgg3^^^g|^gFM7T_ I SYD/MELB 28/1 d;N^M?ni—■^■^■aiTT" I NEW
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      Page 46 Advertisements Column 4
      647 46 Antwerp 23/1 Fremantle 21/1 Bangkok 23/1 Bremen 23/1 yc ey 28/1 Busan 25/1 Hamburg 23/1 Melbourne 28/1 J Hong Kong 2 5/1 LeHarve 23/1 UiIIiJ!VC!TS Kaohsiung 23/1 Felixstowe 25/1 Keelunq 23/1 Rotterdam 23qJ Bombay 25/i~l Jakarta 24/1 Calcutta 22/1 Manila 25/1 Chittagong 24/1 Lax Nyc 24/1 Karachi 25/1 *We travel
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      645 47 A HYUNDAI I MERCHANT MARINE CO. LTD. HMM UPGRADES WEST MALAYSIA SERVICE COMMENCING 16TH JAN 1993 m.v. HMM ADVANCE WILL SAIL FROM SINGAPORE ON FIXED-DAY OF THE WEEK ROTATION AT PENANG, P. KELANG AND P.GUDANG I TEL: FAX: TIX: TEL: FAX: TLX: KUALA LUMPUR 03-*****00 03-2459H2 MA ***** PASR GUDANG
      645 words
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      Page 47 Advertisements Column 2
      482 47 STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS INBOUND VESSELS HSStI HI V PI *»c U SUM I MM 1 SM nIU SKMNM 21 H/l 21/1 ISM TUMI 24 M/l It/1 SEKI UIBM 71 21/1 DRAKE IREM 112 M/l HBA27/I OUTBOUND VESSELS LOJUHMC FOR CHITTAGOWC SIERRA MADRE VI SIN
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      Page 47 Advertisements Column 3
      1125 47 OUR USA !«•»«> 4Mho4.ua 111 OM HOU DM CM/ KM 4U NVC SERVICE CALLS hum mm inn IT/iT" HUBna imw 2*2111 17 *2 ii k u/k ii k 14/42 12,12 11/42 u/i? SINGAPORE (AI4W4 44U1 ttm 21-41 *****(4 DBCOWT <***** 27 21 01 14 42 17 (2 17/(2 17/(2 17/(2
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      Page 48 Advertisements Column 1
      5 48 A^ALYS^S Tomorrow in Business Times
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      Page 48 Advertisements Column 2
      46 48 ANALYSIS Tomorrow in Business Times Fly Finnair's new Business Class to Europe. Finnair's new wide bodied MD-11 offers speed, comfort and space that's miles ahead of its competitors. Call your travel agent or 733 3377 for more details. We know the world from start to Finnish.
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