The Business Times, 18 February 1993

Total Pages: 56
1 56 The Business Times
  • 13 1 Business Times MITA (P) 552/12/92 Thursday February 18 1993 WE KNOW ASIA 75*
    13 words
  • 2am LATEST
    • 83 1 Errant M 'sian rulers can seek pardon Bernama KUALA LUMPUR A Malaysian ruler found guilty by the proposed Special Court will be allowed to seek pardon from the Pardons Board which should get the prior advice of the Attorney-General in writing. Law Minister Datuk Sycd Mamid Syed Albar has told
      Bernama  -  83 words
    • 62 1 Reuter BONN Former Soviet President Mikhail Gorbachev says in a new book that Chancellor Helmut Kohl admitted to him as early as July 1990 that eastern Germany's economy was a mess. A weekly newspaper says that Mr Kohl said at that time
      Reuter  -  62 words
  • Article, Illustration
    114 1 Stock market indices Wtdnndi) Change Sril 1.616.56 -12.80 KLSE Composite 625.81 -9 2 Nikkei 17.009.63 +93.31 Hang Seng 6.087.46 +21 84 SET Index 973.24 -13.41 Jakarta Composite ...302.69 0.7 CLSA China B 1.595 11 -11.26 Aust All Ord 1.6013 -10.8 FrSE 100 2,814.0 1.8 Wednesday Previous llam close
    114 words
  • 692 1  -  Bv! Soh Tiang Keng, Anna Teo SINGAPORE Thanks to a buoyant economy, income tax collection has doubled over the past four years despite several cuts in the corporate tax rate. Last year, the Inland Revenue Authority of Singapore collected about $6.2 billion
    Source: IRAS  -  692 words
  • 491 1 Reuter WASHINGTON Wary of early negative reaction to his plan to stimulate the economy, President Bill Clinton has sought to assure the public that most middle-income Americans will not be hurt. The White House said income taxes would rise only for families
    Reuter  -  491 words
  • 170 1 SINGAPORE A wave of selling on Wall Street in reaction to proposed tax increases in the US caused local share prices to fall yesterday. But analysts believe there is little to worry about. They said the dip in the Singapore market was a
    170 words
  • 239 1 AFP. UPI NEW YORK The US dollar slipped against other major currencies except sterling in quiet early trading yesterday, as investors waited for US President Dill Clinton's national address. At 9:lsam (1415 GMT), the dollar traded at 1.6290 German marks against
    AFP.; UPI  -  239 words
  • 200 1 AFP JAKARTA Indonesian President Suharto yesterday appointed Army Chief Gen Edi Sudradjat as the new head of the armed forces to replace Gen Try Sutrisno. Gen Try announced Mr Suharto's decision, made just weeks ahead of a presidential election, at a press conference.
    AFP  -  200 words
  • 355 1  -  From! Stephen Vines in HONGKONG BOTH the Chinese and Hongkong governments have finally confirmed that Sino-British talks are likely to be held soon, aimed at breaking the four-month-long dispute over Governor Chris Patten's plans for political reform in the British colony.
    355 words
  • 259 1 AP BEIJING China's daily industrial output in January was up more than 21 per cent from the same month a year earlier as the nation continued its year-long economic boom. The state Xinhua News Agency quoted the State Statistical Bureau as saying that the output
    AP  -  259 words
  • 273 1 AFP, UPI TOKYO Japan and the Association of South-east Asian Nations (Asean) ended two days of talks here yesterday with an agreement to discuss regional security issues at a high-level meeting in the next few months. The agreement followed a proposal by Asean grouping
    AFP,; UPI  -  273 words
  • Page 1 Advertisements
    • 190 1 iTiTifiT CONTENTS News Companies Spore News 2 S'pore-M'sia ...9.10,16 Regional News 3,4 Financial 17.18 World News 6,8 Future* Markets Analysis 35 Ctob/KLSt. SES 23.24 Editorial 34 Regional 21 Sports 29 WorW 22 TV/Lifestyte 31 Currencies 18 Focus 5 Sane*. Com mo 19.20 Subscription r«i 1800 *****/7 Fax *****/5 BT Editorial
      190 words
    • 10 1 The Law Page lund to compensate innocent needed Pg J3
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    • 17 1 Hock lx)ck Siew Quandar y over the Quadrant Pg 9 Is Clinton assuming the worst? Pg 8
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    • 13 1 The Bottom Line Beware Britain s niain/mfaftve Pg Indonesia's military changes, Pr 3
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  • SINGAPORE NEWS
    • eye on the ECONOMY
      • 304 2  -  By Anna Teo GOING BY the Central Provident Fund (CPF) default rates last year, employers haven't been strapped with major cashflow problems. Overall, less than 3 per cent of all employers were late with CPF contributions last year with "late" set at a generous two-month
        Source: CPF  -  304 words
    • 318 2  -  By Sylvia Wong THE OWNERS of Junction 8. the shopping complex that will open in Bishan late this year, expect turnover of more than $60 million in the first 12 months. A spokesman for one of the partners. Safe Enterprises Pte
      318 words
    • 293 2  -  By Colin Tan ENCOURAGED BY the response to previous marketing efforts in Singapore, foreign developers are returning to sell more flats and houses. The latest to do so is Australia's Addenbrooke Developments, which is offering a second batch of apartments at its Huntley
      293 words
    • 292 2 Goods and Services Tax BUSINESS TIMES yesterday reported that GST did not apply to imported services. This is incorrect. To place imported services and local services on an equal competitive footing, GST will be charged on imported services just like local services,
      292 words
    • 315 2  -  By Teh Hooi Ling THE Singapore Manufacturers' Association (SMA) has set up a council to help improve the quality of Singapore-manufac-tured food for the demanding markets in the developed countries. particularly Japan. And to penetrate the Japanese market, companies should first knock
      315 words
    • 148 2 CONNER Peripherals, an American disk drive maker, has retrenched 96 employees. A company spokesman said yesterday that the retrenchment was a move to make the company's operations more efficient and cost productive. Just last month, Conner's new senior vice-president (Singapore operations), Joe Chen, said that
      148 words
    • 347 2 LIZ CLAIBORNE Inc, which claims to be the world's largest fashion apparel company, wants to make its presence felt in Asia. Chairman Jerome Chazen said he planned to open Liz Claiborne outlets in Jakarta, Hongkong, China and Toyko as part of the company's
      347 words
  • Page 2 Advertisements
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    • 263 2 Why our MBA students have 46 passports MBA Programme Since you will learn as much from w Djl n tm your fellow-students as from any other source, we go to great lengths IllT Month Part-Ttme MBA Programme to recrult st uden B s of^xceptlo B nal The idea may seem
      263 words

  • THE REGION
    • 357 3 President could choose someone other than Try, he says JAKARTA The next Indonesian vice-president could be a surprise pick despite official backing for retiring military chief Gen Try Sutrisno by the powerful armed forces and two political parties. The Jakarta Post yesterday
      357 words
    • 458 3 Reuter JAKARTA General Try Sutrisno, who yesterday announced his retirement as Indonesia's armed forces chief, is almost certain to be the next vice-president and possibly successor to the long-serving President Suharto. Gen Try (pronounced tree) first came to prominence in 1972 after delivering an
      Reuter  -  458 words
    • 418 3 Reuter JAKARTA General Edi Sudradjat, named yesterday as head of the powerful Indonesian military, has won a reputation as a professional soldier of unblemished record who has kept above the political fray. "He has never been controversial and is perhaps
      Reuter  -  418 words
    • 386 3  -  From Al Labita in MANILA MANILA lawmakers yesterday said they will press for a cap in the payment of the Philippines' nearly US$3O billion (Ss4B billion) external debt and the repeal of a law mandating its automatic budgetary appropriation.
      386 words
    • 191 3 AFP KUALA LUMPUR Malaysia was yesterday finalising a date to convene a special parliamentary session to again debate a modified plan to revoke the Malay rulers' immunity from prosecution, officials said. "We will make an announcement on Thursday," Deputy
      AFP  -  191 words
    • 381 3 AFP KUALA LUMPUR Malaysia is studying and may embark on a huge hydroelectricity project in Sarawak to help overcome a serious power shortage that is hampering industrialisation, officials said yesterday. The project, involving the setting up of dams along Malaysia's largest
      AFP  -  381 words
    • 211 3 Knight-Ridder TOKYO The Philippine Commission on Tariffs will exclude vegetable oils from the list of items for free trade in South-east Asia, commissioner Jaime Casas said yesterday. The panel will recommend the exemption to President Fidel Ramos before the government submitted a final list
      Knight-Ridder  -  211 words
    • ASIA NOTES
      • 147 3 AFP BANGKOK The Dalai Lama left here yesterday, after taking part in an unprecedented campaign by Nobel peace prize winners for the release of Burma's pro-democracy leader and fellow Nobel laureate Aung San Suu Kyi. The Tibetan spiritual leader, who has lived in exile in India
        AFP  -  147 words
      • 30 3 Reuter LEGAZPI, Philippines Volcanologists using a spcctrometre (foreground) to measure sulphur emissions from Mayon Volcano. A steam blast from the mountain killed 55 people earlier this month. Reuter
        Reuter  -  30 words
      • 87 3 AFP TOKYO Official Japanese economic aid to developing countries in a five-year programme starting this year is expected to jump to US$BO billion (S$ 129.6 billion), the Jiji Press said yesterday. The target amount of the Japanese government's official development assistance was US$5O billion in
        AFP  -  87 words
      • 64 3 Reuter HONGKONG Financial Secretary Hamish Maclcod is expected to announce a Budget surplus for the year to March 1993 of some HKS2O billion (554.24 billion) next month, accountants KPMG Peat Marwick said. But senior tax partner Roddy Sage told reporters that the actual out-turn
        Reuter  -  64 words
    • 344 4 President-elect seeks to reinvigorate sagging economy Reuter SEOUL South Korea's incoming president has named an advocate of reform as his chief economic adviser, raising expectations that the new administration will succeed in pushing through economic liberalisation. President-elect Kim Young Sam yesterday appointed
      Reuter  -  344 words
    • 580 4 AP SEOUL South Korea's semiconductor industry yesterday warned that punitive US tariffs against Korean memory chips sold in the United States would revive a Japanese monopoly of the American semiconductor market. The warning comes a day after months of bilateral
      AP  -  580 words
    • 187 4 Reuter SEOUL South Korea, saying it was actively cracking down on abuse of intellectual property rights, has warned the United States that pressure over the issue could fan anti-Ameri-can sentiment. Foreign Minister Lee Sangock wrote last week to the US Ambassador in
      Reuter  -  187 words
    • 298 4 Bloomberg Business News HONGKONG A major Chinese advisory body in Beijing is planning a reorganisation under which it will recruit experts on the economy for the first time. The China Daily reported yesterday that the Chinese People's Political Consultative Conference (CPPCC)
      Bloomberg Business News  -  298 words
    • 341 4 Bloomberg Business News HONGKONG China's agriculture minister has vowed to include farmers in the country's great leap towards a market economy. The official China Daily said yesterday that the vow comes after months of turmoil in China's countryside, where farmers had
      Bloomberg Business News  -  341 words
    • 426 4 AFP SYDNEY Labor is pinning its hopes on new tactics by Prime Minister Paul Keating and the de facto backing of the Australian car industry to pull back support before the March 13 poll. Officials said yesterday that Toyota and Mitsubishi gave
      AFP  -  426 words
    • 472 4 Reuter TOKYO Former Japanese prime minister Noboru Takeshita, grilled anew in Parliament about a series of money scandals, yesterday denied under oath that he took cash from an ailing bank when he was finance minister in I9BS. Mr Takeshita, reluctantly making his third appearance
      Reuter  -  472 words
    • 274 4 FT TOKYO Japanese manufacturers are turning their backs on one of the key ingredients in their business philosophy of the last decade that their international competitiveness depended upon producing ever wider ranges of products at an ever quickening pace. Surveys by the
      FT  -  274 words
    • 297 4  -  From Florence Chong in SYDNEY AUSTRALIA'S new overseas television service would bring the nation "significantly closer" to South-east Asia. Prime Minister Paul Keating, launching the service last night, said: "In the past few years, Australians have heard a
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  • Page 3 Advertisements
    • 216 3 6 movies and 4 channels of sport, comedy and current affairs. (Will you have time for the 6 course dinner *abaittii rrwuiifeaggs—^ "Ladies and gentlemen, today's in-flight feature viewing and various film will be..." (insert name of film you don't fancy). language programmes. Sound familiar? If you can tear V
      216 words
    • 5 3 See Regional Focus, Pg 5
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  • Page 4 Advertisements
    • 88 4 Major commercial investment in Australia's iS^HPyfL^National Capital. I 90% leased to Australian Government 'p^^m^ until November 2001. Balance of leases primarily 5-10 years. >mr ~~A Net lettable area 139,600 square feet approx. J Basement parking for 79 vehicles. m <— £5 Site area 45,000 square feet approx. l W W
      88 words
    • 104 4 Made in Germany STOMACH TABLETS Liquirit is an effective German medicine for gastric pain, hyperacidity, indigestion and stomach upset. Liquirit promotes the flow of blood into the mucous membranes of stomach and relieves pain fast. It also reduces stomach acidity. Liquirit can be taken by young and old people. The
      104 words

  • REGIONAL FOCUS
    • 634 5 Myanmar Reuter BANGKOK The Dalai Lama, joining other Nobel Peace Prize winners yesterday in demanding the unconditional release of fellow laureate Aung San Suu Kyi, proposed an arms embargo against the junta holding her in Myanmar. The Tibetan
      Reuter  -  634 words
    • 600 5 Myanmar has erratic monetary and trade regulations Reuter YANGON Myanmar's military rulers opened the door of their economy in 1989, but so far few have walked through. Its people say erratic and unrealistic monetary and trade policies compounded by rampant black marketeering are dragging
      Reuter  -  600 words
  • Page 5 Advertisements
    • 270 5 Our young team of designers and engineers really The unique suspension incorporates a patented electrically controlled driver's seat, a driver's side threw themselves into perfecting the Volvo 850 GLT Delta Link to maintain precise control of the rear wheels; airbag and Electronic Climate Control. because most of all they wanted
      270 words

  • THE WORLD
    • WORLD WATCH
      • 132 6 Reuter PARIS French President Francois Mitterrand, his Socialist Party facing a near-certain debacle in next month's parliamentary election, enters the fray personally this week in a live television dialogue with voters. Mr Mitterrand. 76, whose popularity is at a low ebb, will
        Reuter  -  132 words
      • 77 6 Reuter MILAN Tens of thousands of workers staged a protest march in central Milan yesterday and local unions called a four-hour strike as anger mounted around Italy at rising unemployment. Industry and bank workers, students and pensioners converged on the city's cathedral square bearing banners
        Reuter  -  77 words
      • 95 6 Reuter JOHANNESBURG The African National Congress yesterday said it has decided to consult its members on its controversial power-sharing plans with the South African government. The decision followed criticism on Tuesday by hardliners at a meeting of the policy-making national executive council of the ANC
        Reuter  -  95 words
      • 121 6 AFP PARIS Ending a four-year probe, an investigating magistrate here yesterday decided to press charges against a former aide of French Prime Minister Pierre Beregovoy and eight others on insider trading charges. Judge Edith Boizette ruled that Alan Boublil, deputy to Mr Beregovoy when
        AFP  -  121 words
      • 90 6 UPI LONDON The Salvation Army is suing two businessmen alleged to have defrauded the charity organisation of US$B.B million (S$ 10 million), a spokeswoman said yesterday. Details of the alleged fraud were not released and the Salvation Army, the second largest provider of social services in
        UPI  -  90 words
    • 455 6  -  Glimmer of hope in trend to lower interest rates but consumer confidence still missing From Ray Heath in LONDON THE AVERAGE European businessman and consumer is gloomy about the economic outlook and sees little chance of a quick pick-up. While inflation is no longer seen
      455 words
    • 168 6 AFP, Reuter IX>NDON A radiation leak at the Sellafield nuclear site in Cumbria, northern England, has been classed as "one" the least serious type of incident on the international scale of nuclear events, the Financial Times reported yesterday. The scale, devised by the lAEA,
      AFP,; Reuter  -  168 words
    • 40 6 Reuter LHAN YOUNIS, Gaza Strip Youngsters watching intently as a masked Palestinian defiantly sprays nationalist slogans on a wall. The Arab League has condemned an increasing use of force by Israeli troops in the occupied territories. Reuter
      Reuter  -  40 words
    • 277 6 Reuter MON TREAL Mexican and Canadian officials say the North American Free Trade Agreement has been concluded and will not be reopened for provisions sought by the US. They said on Tuesday that they were willing to talk about
      Reuter  -  277 words
  • Page 6 Advertisements
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  • WORLD FOCUS
    • 627 8 The Clintgn Economic Plan WASHINGTON White House officials say US President Bill Clinton is basing his economic plan on deliberately pessimistic assumptions that suggest the budget deficit, if unchecked, could reach US$346 billion by 1997, according to a US Information Service report. That was almost US$llO
      627 words
    • 717 8 FT WASHINGTON It cannot be said that his country is unprepared for what President Bill Clinton has to say in his State of the Union address to a joint session of both houses of Congress yesterday. Indeed, there has been no advance
      FT  -  717 words
    • 647 8 AP WASHINGTON Candidate Ginton prevailed over two rivals running on doomsday fiscal plans and never quite answered a repeated question about his own economic programme: Where's the pain? Almost everywhere, President Clinton now concedes. The warm, fuzzy "people first" candidate has
      AP  -  647 words
  • Page 8 Advertisements
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  • COMPANIES & MARKETS
    • 382 9  -  Stock exchange setting up scrip bank By Magdalene Ng SINGAPORE The Singapore stock exchange will set up a scrip bank to facilitate options trading, which will start on March 8. It is uncertain whether the bank a store for share scrip will
      382 words
    • 309 9  -  By Quak Hiang Whai SINGAPORE The OCBC group has launched a new unit trust which will invest in stocks in the Asia-Pacific. In a statement yesterday, OCBC Asset Management (OCBCAM), which will manage the AsPac Recovery Fund, said the trust offers investors an opportunity to
      309 words
    • 121 9 SINGAPORE Noel Gifts International, which is seeking a listing on Sesdaq, yesterday launched a drive to branch out into Thailand. The company, which specialises in hampers, flowers and gifts business, said it had begun looking for a franchisee in Thailand and hoped to find
      121 words
    • 321 9 SINGAPORE OCBC Bank plans to develop a worldwide Treasury capability. In an interview with the bank's newsletter recently, OCBC Bank chairman Tony Tan Keng Yam said the bank needs to have a network of branches for its Treasury operations in the
      321 words
    • 1053 9  -  HOCK LOCK SIEW Building's tenancy blues may affect its owners' final results By Lee Han Shih SINGAPORE Sit down with any property agent these days and the conversation is likely to turn to the most popular guessing game in
      1,053 words
    • 263 9  -  By Teh Hooi Ling SINGAPORE Nasdaqlisted Creative Technology will pay U5529.5 million (5548.7 million) cash to acquire leading US musical instruments maker E-Mu Systems, instead of the originally agreed payment in the form of Creative's shares. The transaction was revised to
      263 words
    • 340 9 SINGAPORE Swiss Bank Corporation (SBC), Switzerland's second largest bank, has transferred the management of two Asian funds worth nearly billion to its Singapore branch, in a bid to fortify its portfolio management activities in the Asia-Pacific. The two funds are
      340 words
    • 241 9 Payment Ex Books Pay <%) date dose date Asia Pacific F 16 Feb 4 Feb 16 Feb 24 Aviroo 20* F I2.5TE Feb 17 Mar 1 Apr 15 Beijaya Group 1 4 Mar 18 Apr 2 Apr 15 Berjaya Ind 1 3 Mar 4 Mar 18 Apr 8
      241 words
    • Article, Illustration
      313 9 Source: Bridge Info Performance of STII's index stocks Feb 17 Slock Last Seas* latfex sale ($> C factor i Avimo CAC (crcbos FAN GF Asu GenMag Hi» Par Inchcapc Inlraco kcppd Corp Lum Chang Metro Hkigs NOL Nat Steel RDC S Aerospace SIA SPC SPH Scmb Ship Sime Spore
      Source: Bridge Info  -  313 words
    • COMPANIES
      • 459 10  -  Central bank delaying talks to find new partner, says First City Investment From Andrew Cooke in BANGKOK THE management of Thai finance and securities company First City Investment Co (FCI) yesterday blamed the Bank of Thailand and "media rumours" for
        459 words
      • 332 10 MBT KUALA LUMPUR The recent approval received by Promto Bhd for a listing on the Kuala Lumpur Stock Exchange's second board could well signal the final chapter for the Bumiputra Stock Exchange (BSE). After more than two decades of existence, it looks impossible
        MBT  -  332 words
      • 155 10 MBT KUALA LUMPUR Kuala Lumpur Kepong has entered into a joint venture with Felda Mills Corp, Malaysian Internationa] Shipping Corp and co Holdings for the purpose or setting up an integrated palm oil bulking terminal and refining complex at Port Qasim, Pakistan. The
        MBT  -  155 words
      • COMPANY BRIEFS
        • 80 10 MBT KUALA LUMPUR MWE Holdings said the proceeds from the sale of 24.6 million shares in Far East Asset (FEA) will be used to reduce borrowings, for working capital, and investment in ventures with long-term potential in line with the group's plan to refocus
          MBT  -  80 words
        • 46 10 Bernama. KUALA LUMPUR Magnum Corporation Bhd and Dunlop Estates Bhd told the Kuala Lumpur Stock Exchange that they were still awaiting official notification from the Chinese Provincial Government of Guandong pertaining to the proceeding of a lottery operation in the province. Bernama.
          Bernama.  -  46 words
        • 116 10 Bernama KUALA LUMPUR Aseam Malaysia Nominees Sdn Bhd's offer for sale of 52,557,995 new ordinary shares of 50 sen each in Boustead Holdings Bhd at M 52.60 per share to minority shareholders of Boustead and Affin Holdings Bhd has been undersubscribed by 47,822.595 shares. Applications, including
          Bernama  -  116 words
        • 61 10 MBT KUALA LUMPUR KIB Textiles posted a 12 per cent drop in group pre-tax profit to M 57.00 million (554.4 million) for the half-year ended Nov 30. 1992. Turnover was M 534.75 million, up 15 per cent. Profit after tax declined by 7.8 per cent
          MBT  -  61 words
        • 66 10 IN AN article "HSBC (S) Nominees buys stake" published in BT on Feb 12, we said that HSBC (S) had purchased 15.19 million shares in Goldtron on Feb 3. This is incorrect. HSBC was merely informing Goldtron that, as of Feb 3, it was holding 15.19 million
          66 words
      • 48 10 Reuter SYDNEY Leighton Holdings chief executive Wal King poses next to the company's half-time results, which has slid 67 per cent for the period to Dec 31 because of writedowns on property assets. Yesterday, Mr King outlined plans to increase Leighton's growth, especially in Asia. Reuter
        Reuter  -  48 words
      • 199 10 AFP MANILA Malaysian firms have committed to invest about US$lOO million (S$ 164.9 million) in recreation facilities in the former US Subic Naval Base in the Philippines. a palace statement issued here yesterday said. Top executives of the Malaysian companies. Genting Group.
        AFP  -  199 words
      • 598 10 MARKET WATCH MBT KUALA LUMPUR Stock-broking-based companies listed on the Kuala Lumpur Stock Exchange (KLSE) have, of late, made strong gains amid optimism that volume at the Kuala Lumpur bourse's will be brisk this year. This, together with the rising value of
        MBT  -  598 words
      • 409 16 Securities panel warns brokers not to defy order Reuter MANILA The Makati stock exchange has filed an appeal against an order by the Securities and Exchange Commission (SEC) that it merge with the Manila exchange by the end of the month.
        Reuter  -  409 words
      • 380 16 AFP MANILA The state-owned Development Bank of the Philippines (DBP) will sell its shares in Philippine Airlines (PAL) and hopes to get as much as 975 million pesos (5562.4 million), the DBP said yesterday. President Fidel Ramos ordered earlier this month that
        AFP  -  380 words
      • 599 16 Reuter AUCKLAND New Zealand's third largest public company, Fletcher Challenge Ltd. delivered "satisfactory" interim results yesterday to a market that was expecting less, brokers said. The result is a marker on the road back to market favour for the diversified forester whose shares were
        Reuter  -  599 words
      • 169 16 Bloomberg Business News SYDNEY Australian media magnate Kerry Packer is believed to be negotiating to buy Hollywood film studio MGM-Pathe Communications Inc for about AS4OO million (***** million, the Australian Financial Review reported yesterday. Mr Packer, who owns the most profitable
        Bloomberg Business News  -  169 words
      • 279 16  -  By Juliette Walker SINGAPORE The lower operating costs of twin-engine planes would enable airlines to start new services in the Asia Pacific much sooner than they could with three or four-engine aircraft, a Boeing executive said here yesterday. Gordon Bethune, vice-pres-ident and general
        279 words
      • 213 16 Bloomberg Business News TAIPEI Investors have pulled the plug on a big rally in electronics stocks on fears that companies will be hit by United States trade sanctions for Taiwan's alleged pirating of American intellectual property, analysts said. The mounting trade row
        Bloomberg Business News  -  213 words
    • FINANCE
      • 439 17  -  Healthy growth due to forex and money market activities By S N Vasuki SINGAPORE The Singapore offshore branch of the Union Bank of Switzerland (ÜBS) has reported a record 5151.7 million in audited aftertax profits for the year ended Dec 31, 1992,
        439 words
      • 423 17 Reuter KUALA LUMPUR Malaysia's money market has brushed aside a Ms 2 billion (551.26) issue of central bank bills and bonds to push rates down to an 18-month low, and dealers say there is further pressure from a large liquidity overhang. Lack of firm
        Reuter  -  423 words
      • 173 17 Reuter KUALA LUMPUR Malayan Banking Bhd, Malaysia's largest bank, said it is cutting its base lending rate (BLR) to 8.75 per cent from 9 per cent effective today. The last revision in the bank's BLR was on Sep 17, 1992 when it was
        Reuter  -  173 words
      • 294 17 Reuter HANOI The Australia and New Zealand Banking Group Ltd (ANZ) opened a branch in Hanoi yesterday as part of a push by Australian companies into Vietnam's emerging business sector. ANZ was the second foreign bank branch to be established in Hanoi. France's
        Reuter  -  294 words
      • 207 17 Knight-Ridder NEW DELHI Indian Finance Minister Manmohan Singh on Tuesday said that the full float of the rupee will depend on India's inflation rate, fiscal deficit and balance of payments position, the United News of India news agency said. The
        Knight-Ridder  -  207 words
      • SMALL CHANGE
        • 58 17 Reuter HONGKONG Bank of bast Asia Ltd said that it had suspended talks to buy a controlling stake in United Chinese Bank. The Hongkong-based Bank of East Asia had announced it was negotiating with the majority shareholders to acquire a majority shareholding last
          Reuter  -  58 words
        • 60 17 Knight-Ridder SINGAPORE Indonesian textile maker PT Polysindo Eka Perkasa will issue 120 billion rupiah in corporate bonds to finance expansion plans. The Jakarta Post reported. Company President Marimutu Sinivasan said the 5-year bonds' annual interest rate would be fixed between 17.5 per cent
          Knight-Ridder  -  60 words
        • 51 17 Knight-Ridder BANGKOK Thailand's Bangkok Bank will cut its minimum lending and minimum overdraft rates to 11.25 per cent from 11.50 per cent on Friday, said a senior bank official today. The two rates are those at which most Thai banks lend to their prime customers.
          Knight-Ridder  -  51 words
        • 57 17 Reuter BANGKOK The Thai Military Bank Ltd said its board had decided to split the bank's share par to 10 baht from a current 100 baht. The bank told the Stock Exchange of Thailand it would also float two billion baht of seven-year subordinated
          Reuter  -  57 words
        • 79 17 AFP MANILA The World Bank is to defer action on a US$llO million (SSI79 million) loan sought by the Philippines for a power distribution project because Manila has so far failed to effect a power rate hike, a bank official said. World Bank resident representative
          AFP  -  79 words
        • 70 17 TOKYO The Export-Import Bank (Exim) of Japan said yesterday that it would provide a loan of US$BOO million (Ssl.3 billion) to Argentina jointly with other institutions. The co-finan-cers will be the International Monetary Fund, the World Bank and Inter-American Development Bank, the Japanese Exim said in a
          70 words
        • 88 17 ADELAIDE Australian Prime Minister Paul Keating said the government of South Australia would sell its State Bank of South Australia "as quickly as practicable." Mr Keating also said a Labor Party government would provide As6oo million (***** million) in special assistance to the state,
          88 words
      • 292 18  -  Loan was increased from USs3om due to good support By Dawn Tan SINGAPORE Thailand's leading beer brewing company. Boon Rawd Brewery Co, has raised US$5O million (5581.5 million) from a consortium of 12 Singapore-based offshore banks. The 5-year term loan, with put
        292 words
      • 68 18 Reuter TOKYO An electric quotation board flashes the current dollar/yen rate as a money dealer stands with a trading order at the Tokyo forex brokerage, where the US currency fell below 120 yen for the first time since October 1992. The dollar fell against
        Reuter  -  68 words
      • 254 18 Bloomberg Business News SYDNEY The Reserve Bank of Australia spent about A 51.37 billion (SSI.S billion) on Australian dollar purchases in January, according to the bank's monthly bulletin. That is the bank's largest net monthly expenditure on the local currency since last
        Bloomberg Business News  -  254 words
      • 175 18 Reuter HONGKONG HSBC Holdings pic units Hongkong and Shanghai Banking Corp Ltd and Midland Bank Ltd will take a 40.25 per cent stake in Britain's Anglo United pic under a provisional accord with its bankers, an HSBC spokeswoman said. Anglo United announced
        Reuter  -  175 words
      • 152 18 A day of brisk trading saw the US dollar fall across the board on spillover bearish sentiment. The selling had started the night before as the US market reacted bearishly to Mr Clinton's speech. The US dollar opened at 1.6455/65 against the Singapore dollar off
        152 words
      • 186 18 UPI LONDON The dollar pulled out of a sharp fall yesterday supported by traders reluctance to be caught short of dollars ahead of President Bill Clinton's State of the Union address. The dollar recovered slightly in afternoon trading, ending the day half a pfennig up from the day's lows
        UPI  -  186 words
      • 190 18 Bloomberg Business News HOUSTON First City Bancorporation of Texas Inc formally protested the federal seizure of its 18 banks, claiming regulators seriously overestimated any possible loss to the bank insurance fund as a result of the banks' insolvency. First City's banks were seized by
        Bloomberg Business News  -  190 words
      • 91 18 AFP NEW YORK The dollar slipped against other major currencies except against the pound sterling in quiet trading yesterday, as investors waited for US President Bill Clinton's national address. At 9:15 am (1415 GMT), the dollar traded at 1.6290 German marks against 1.6330 on Tuesday and at 120.10
        AFP  -  91 words
      • Article, Illustration
        1566 18 IraJe- nrifhlnJ inJf\ lukukunJ afuimi S'ptw's tup 14 iradmt partntrs Bay jnar /<W.< US$/S$ forward rates Noon Feb 17 s$ Bid Offer I month I MOt ***** J-month 1 6392 1 640? 3-month 1.6382 1 6397 h-month ***** 1 6365 Sam*r. ft B( Source: OCBC FOREIGN CURRENCY NOTE RATES As
        1,566 words
    • COMMODITIES AND FUTURES
      • 353 19 Opec production talks Bloomberg Business News VIENNA Kuwaiti Oil Minister Ali Ahmedal-Baghli threatened to rescind Opec's agreement to cut output to 23.582 million barrels a day. if any member produces "even one or two barrels" above their new allocations. Opec's
        Bloomberg Business News  -  353 words
      • 183 19 KnightRidder VIENNA The foreign ministries of Saudi Arabia and Iran were actively involved in pressuring Kuwait to soften its stance at this week's Opec ministerial monitoring committee meeting, an Opec source aware of the inner negotiations said yesterday. "From Monday evening, there
        Knight- Ridder  -  183 words
      • 334 19 AFP SINGAPORE Oil traders in the Republic said yesterday that they were sceptical about an agreement by Opec to peg crude oil production to 23.6 million barrels a day in the second quarter to shore up prices. Prices were holding at Tuesday's London
        AFP  -  334 words
      • 572 19  -  From Neil Behrmann in LONDON CiOLD surged to US$333 an ounce on worries about President Dill Clinton's economic policy and reports that China has been buying. Following an attempt by gold bears to drive the price down below US$32B earlier in
        572 words
      • 291 19 Bloomberg ENERGY REPORT LONDON Oil futures prices fell in London yesterday morning and in New York on Tuesday, after Opec ministers agreed to cut output to 23.582 million barrels a day. brokers said. The cut had been widely expected following several statements by Opec members
        291 words
      • 211 19 Knight-Ridder SINGAPORE India's decision to deregulate kerosene imports is not expected to affect the Indian Oil Co's 1993 import purchases, which are estimated at 3.5 million tonnes, traders say. The Indian government announced on Tuesday it was deregulating imports of kerosene and liquefied petroleum
        Knight-Ridder  -  211 words
      • 257 19 Reuter ABIDJAN African cofTee producers are pressing the United States to make more concessions in talks on a new world cofTee pact. Ivory Coast's Commodities Minister Guy-Alain Gauze said on Tuesday that he has handed US Ambassador Hume Horan a memorandum from
        Reuter  -  257 words
      • 1516 20 SIMEX REPORT Reuter SINGAPORE Simex Eurodollar interest rate futures finished steady to firm underpinned by flight-to-quality buying and ahead of President Bill Clinton's congressional address. Mr Clinton's economic plan to jumpstart the US economy and sharp plunge in Wall Street overnight contributed to speculative buying
        Reuter  -  1,516 words
      • 990 20 COMMODITIES REPORT Tin KUALA Lumpur tin prices cased further yesterday on fresh trade selling and lack of followthrough buying after LME declines overnight, dealers said. Prices ended four cents down at MS 14.91 a kg. Volume was 44 tonnes against 23
        990 words
    • 1807 20 Rubber RAS Com mo dtty Ex dial i(t (futi res dosing as at lpn) RSS 1 Contract (S cents/Kg) Close Volume Open Month High Low Sett (tonnes) Interest Feb 93 Mar 93 000 0.00 143.25 300 850 Apr 145.50 ***** 145 50 1.360 7.950 May 147 50 *****
      1,807 words
    • REGIONAL STOCK MARKETS
      • 607 21 -1-126.43 The stock index surged 3.3 per cent in hectic trade to finish at its highest level since last August amid bullish investor sentiment, brokers said. The Weighted Index opened slightly lower but it soon came up and closed 126.43 points higher at 4.001.16. near its in-tra-day high, on
        607 words
      • 328 21 -20.94 The share market closed 1.3 per cent lower on heavy volume in response to Wall Street's 83point fall and as investors took profits after Tuesday's gains. Trading was volatile with the NZSE-40 Capital Index falling 25 points initially on the Dow's plunge and then pulling back to
        328 words
      • 1175 21 -10.8 THb share market closed down but oft its lows yesterday after a huge tall on Wall Street. After hitting an early low of 1.593.3. the All Ordinaries picked up ground to close at 1.601.3. down 10.8 points. The All Industrials was down 13.2 to 2.528.6, while the All
        1,175 words
      • 393 21 -7.10 Stocks drifted steadily lower in thin trade throughout the day under a pall of gloom about the sagging economy, brokers said. "The correction phase is deepening," said an analyst. News that Seoul and Washington failed to reach an agreement to stave off anti-dumping duties on South Korean semiconductors
        393 words
      • 542 21 -3.97 Share prices slipped in see-saw trade after Wall Street's fall with investors believing the market was due for a technical correction if the weakness in New York persisted, brokers said. The Manila Composite Index fell 3.97 points to 1,409.11 from Tuesday's close of 1,413.08. "The market is a
        542 words
      • 74 21 +32.0 The Indian government's decision to pay higher prices to sugar producers, ease distribution controls and allow private traders to import kerosine and domestic cooking gas boosted stock prices, traders said. But political uncertainly is still clouding the outlook for the market and volume was low, they said. The
        74 words
    • WORLD STOCK MARKETS
      • 740 21 Britannia Funds sterling Cash Bid Offer Mim t ap Deposit .W V-00 M )1*l Mim Jer*s (>ik t) IKN *0 IT* Slim Ma* Income I 0100 ***** ISStwh Income Phjs Fund 7700 *10 N00 PS Rome Fund 5.1 WO 5 2000 Sterling Kquiti Euro Performance 0 4* IJ 0 -W**)
        740 words
      • 596 21 1.8 Shares closed mixed yesterday after news of strong retail sales was countered by comments from Chancellor Norman Lamont aimed at dampening speculation about a cut in UK interest rates, dealers said. Nervousness about whether Wall Street would react to President Bill Clinton's policy address due at 0200 GMT
        596 words
      • 131 21 +26.8 The Paris bourse roared to a higher close yesterday, recouping its recent losses on Wall Street's jitters, but dealers said its direction today depends on President Clinton's address. Dealers were at a loss to explain fully the market's strength, which mirrored firm French bond futures. Some reported foreign
        131 words
      • 137 21 -0.97 pc Swedish shares recouped some initial Wall Street-in-stigated losses by the close yesterday, but sharp falls by pharmaceutical firm Astra and vehicle maker Volvo checked their rebound. The all-share index closed down 0.97 per cent at 969.14. The index had earlier fallen by some 2 per cent following
        137 words
      • 197 21 -10.96 German shares closed lower yesterday, but off the lows hit at the opening. Overbought market suffered only modest losses in wake of 83point Wall Street stock price slide. Share prices can still see support by expectations for a sharp drop in January M 3 growth and for further
        197 words
      • 143 21 -0.45 pc Italian shares closed off their opening lows yesterday, boosted by the strong performance of Fiat shares, which rebounded on the back of a broker upgrade and speculation of an imminent accord. The MIB share index closed 0.45 per cent lower at 1.100. but the underlying trend at
        143 words
      • 232 21 -1.41 Dutch shares closed lower in a wait-and-see atmosphere ahead of US President Clinton's State of the Union address. The Dutch share market is the most dollar-sensitive of all European bourses. Dealers said few professionals had taken positions in the market so they did not expect a big sell-off
        232 words
      • 262 21 -8.2 A wave of selling in chemicals led Swiss shares to a lower close in steady trade vesterdav. dealers said. The broad SPI fell 8.2 points to 1.285.6 while the SMI blue-chip index closed 17.5 points easier at a final 2.112.9. Chemicals, however, fell more than I per cent
        262 words
      • 272 21 -31.69 Toronto stocks were mixed in quiet early trade yesterday as the market entered a holding pattern ahead of President Bill Clinton's address. The TSE-300 Index edged up 1.82 to 3.412.32 on volume of 2.83 million shares valued at C 524.53 million. On Tuesday, stocks ended sharply weaker as
        272 words
      • 864 21 -82.94 Wall Street share prices headed lower again yesterday, falling below the 3.300 point level in nervous trading ahead of the unveiling later in the day of President Dill Clinton's new economic programme. At II am (1600 GMT) the Dow Jones Industrial Index was down 14.88 points at
        864 words
      • 161 21 -5.01 Belgian shares closed off their lows yesterday after US blue chips turned slightly positive and the dollar steadied. The Bel-20 Index of leading shares closed down 5.01 points, or 0.41 per cent, to 1,202.56. At the opening, the index fell 0.92 per cent to a low of 1,196.36.
        161 words
      • 299 21 -54 South African shares ended yesterday mixed as golds found strength in continued overseas interest, but nongold counters fell victim to the slide on Wall Street overnight. Dealers said an expected further decline in US stocks last night was depressing industrials and key stocks like De Beers were following
        299 words
    • Article, Illustration
      2748 22 Reuter. AFP SHARtS finished moderately higher yesterday after a day of wide swings on rumours that SinoBritish talks on Hongkong's political future could resume. The blue-chip Hang Seng put on 21.84 points to close at 6,087.46, after opening 36 points down after New York's 83point plunge and then bouncing
      Reuter.; AFP; Source: Bridge Info  -  2,748 words
    • Article, Illustration
      455 22 ACTIVITY in the Shenzhen B share market was subdued yesterday and the Shenzhen B Index dropped 28.37 points to close at 1,587.83. Only five out of the nine B shares were traded and the market ended with a slim turnover of 1.03 million yuan. Properties, down 5.8 per cent,
      455 words
    • Article, Illustration
      2521 22 Reuter STOCKS ended firmer yesterday, retracing early losses as strong buying from public pension and insurance kicked in. Sentiment was bruised by a sharp drop in Wall Street stocks and a firm yen, but short-cover-ing in late trade pushed the Nikkei above 17,000, brokers said. "The bleak economic fundamentals
      Reuter; Source: Bridge Info  -  2,521 words
    • Article, Illustration
      1824 22 Reuter THE stock market was unable to recover from a wave of early panic selling over the announcement that First City Investment (FCI) was forced to defer repaying matured deposits. brokers said. "People panicked about the FCI case. People don't feel comfortable about the market so they take profits.
      Reuter; Source: Bridge Info  -  1,824 words
    • Article, Illustration
      853 22 Reuter STOCKS closed mixed yesterday in active trade, brokers said. Ralbe Parma fell 200 rupiah to 9.500 on turnover of 27.000 shares. "American buying (in Kalbe) dried up," a foreign broker said. Astra fell 100 rupiah to 10.750 with 156,000 shares traded. Japfa fell 25 rupiah to 2,350 on
      Reuter; Source: Bridge Info  -  853 words
    • 2588 23 Source: Bridge Info Source: Bridge Info MOST ACTIVE volume Rcnong Bhd 50c 9.753.000 Muki-PurpoK 4.096.000 Asia Pat Ld 50c 2 898.000 Kahcr Group 2 8*1000 Tan Chong 50c 2.770.000 Idns H>d 50c 2.306.000 Mulptia 1ml 50c 1,786.000 Scl Prcdg 50c 1.429.000 Pub Bk Foreign 1.358.000 Tcch Resources 1.318.000
      Source: Bridge Info  -  2,588 words
    • KUALA LUMPUR STOCK EXCHANGE
      • 4983 23 Bernama KUALA LUMPUR Selling pressure following a sharp fall in the New York market overnight led share prices here to close lower yesterday. The Composite Index shed 9.2 points to close at 625.81, the all-share Emas Index slipped 2.22 points to 162.48 and the Industrial
        Bernama; Source: Bridge Info  -  4,983 words
    • STOCK EXCHANGE OF SINGAPORE
      • 1085 24  -  By R Sivanithy SINGAPORE Share prices took a beating yesterday, as investors reacted to news that Wall Street had on Tuesday signalled its disapproval of President Bill Clinton's economic plans. All the major indices were hit. The Straits Times Industrials Index shed 12.8 points
        Source: Bridge Info  -  1,085 words
      • 77 24  -  HOT STOCK Quak Hiang Whai UNITED Motor Works rose from about 52.50 to S5 in just a year. It now needs a breather before it could break out of a major congested area at around $4 to $4.75, evident from its monthly chart. Its nine-week moving average
        SOURCE: BRIDGE INFO  -  77 words
      • 5965 24 MAIN BOARD Gr Gr 1992; 93 Last Vol Day Last Quote Dr. Di« YM Net M Cap IliBh Low C ompaa> Sak (DM) High Low Bayer Setter Or S P t Ml INDUSTRIAL AND COMMERCIAL 290 170 Acma 287 -3 444 288 282 287 288 12.2 2.1 4.3 16.6 177.3
        5,965 words
  • Page 9 Advertisements
    • 204 9 ÜBS' S'pore branch posts 62pc jump in profits, Pg 17 in the WIST HAterfall GARDENS A rare opportunity to invest in KUALA LUMPUR's premier residential district Set mthe magnificent hilltops ofßukit fv GARDENS will be Kuala Lumpur's most j SI desirable homes. 0 WATERFALL GARDENS'location is ONyQ3! c J comparable
      204 words

  • Page 10 Advertisements
    • 628 10 BUSINESS TIMES TOLL-FREE TEL. No. 1-800-737 0043 FAX:734 3698 IN THE MATTER OF THE COMPANIES ACT, CAP. SO AND IN THE MATTER OF (1) SALTEC FAR EAST PTE LTD* (2) BERGU CHEMICALS ENGINEERING (FAR EAST) PTE LTD (3) PARSONS CHEMICAL PROCESS ENGINEERING (F.E.) PTE LTD* NOTICE OF MEETING TO CREDITORS
      628 words
    • 69 10 Find it in The Straits. Times Classifieds where you'll always find good buys, everyday. CJLTS. 737-i»«* You may have been unable to get your Straits Times, Sunday Times, LianHe Zaoßao and other daily newspapers from your usual newsstand because of the higher demand lately. To ensure a daily copy, call
      69 words
    • 627 10 THE COMPANIES ACT, CAP JO TIONG YONG ENTERPRISES (PRIVATE) LIMITED (IN MEMBERS* VOLUNTARY LIQUIDATION) At to Extraordinary General Meeting of the Membera of TIONG YONO ENTERPRISES (PRIVATE) LIMITED duly convened and held at 101 Upper Croaa Street *04-43 People a Park Centre, Singapore 0103 on the 27th day of January
      627 words

  • Page 11 Advertisements
    • 166 11 4 TODAY MARKS THE OFFICIAL OPENING OF OCffl TOW .'sMa£&&m vW-V ;.4b>-. Ifc 'rsu-*St J 'Ijf'jL'■T^ffifes• i mbi Imp IHI r mmm* ui I —m I r II 11 II £H£l&fKHnMi I «fl I Ocean Towers. A 27-storey, 22,450 sq m A A lower of efficiency. With column-free and tower
      166 words

  • Page 12 Advertisements
    • 88 12 CONGRATULATIONS TO STRAITS STEAMSHIP LAND LIMITED ON THE OFFICIAL OPENING OF mmm g»afc^ ryr r^ K ■BP ■i ■■HBSOBnnBHHiigMiHE^^ 1 f- <? irfFur PH H > i; w* I -Mi- --gSMfe -m~j: <« 0 hi W ~r |w J :?Jr^'k pl^ t t jp*' s j TSS. t Hi WE
      88 words

  • Page 13 Advertisements
    • 126 13 CONGRATULATIONS TO STRAITS STEAMSHIP LAND LIMITED ON THE OFFICIAL OPENING OF OCEAN TOWERS I I CHEVALIER Chevalier (S) Pte Ltd I Promond Pte Ltd SOLE AGENT: TOSHIBA LIFTS ESCALATORS Parkway Parade #12-08 23 Genting Road #07-01/02 Chevalier House No. 80 Marine Parade Road Singapore 1544 Singapore 1334 Tel: 273 2266
      126 words

  • Page 14 Advertisements
    • 191 14 CONGRATULATIONS TO STRAITS STEAMSHIP LAND LIMITED ON THE OFFICIAL OPENING OF OCEAN TOWERS Keppel Engineering Pte Ltd member Yong Nam Engrg. 337 Telok Blangah Road Singapore 0409 JT. Tel: 278 9833 Tlx: RS ***** KEPL Fax: 272 7089 Construction Pte Ltd AviplAS%\ lYWEJ^lslv PRIVATE LIMITEd o___0 230 Upper Bukit Timah
      191 words

  • Page 15 Advertisements
    • 268 15 CONGRATULATIONS TO STRAITS STEAMSHIP LAND LIMITED ON THE OFFICIAL OPENING OF OCEANTOWERS /s m V "IT Chin Leong (CLP) Corporation Re Ltd MBT < sl "Sapore) Pte Ltd Jurong Office: 2 Tanjong Penjuru Singapore 2260 Tel: 265 2788 Tlx: RS ***** Fax: 266 0081 Town Office: 92 &94 Sing Avenue
      268 words

  • Page 16 Advertisements
    • 265 16 VIENNA STOCKh IOLM MOSCOW BRUSSELS HONG KONG SEOUL CD oc m rn < J *mil iiTiiiidMiiMfatflmfi i A 3 <""lk > jtfflk' 3F/ m fl j» 9 1 a i JHDi c > Beyond a welcoming smile. e -a c: u 3 Q At ANA, we understand that your comfort
      265 words

  • Page 17 Advertisements
    • 44 17 This announcement appears as a matter of record only TRADEMART SINGAPORE PTE LTD Syndicated Facility of *****,500,000 Arranger Wardley Limited Lenders The Hongkong Shanghai Banking Corporation Limited DBS Bank Oversea-Chinese Banking Corporation Limited Facility Agent w Wardley Limited member HSBC C& group February 1993
      44 words
    • 393 17 Mi tN V X -.Mm' Av? W ..ii ■ft, BRING YOUR OPPONENTS TO HEEU ...With the all-new Etonic ST heel spikes to actually be 60% wider than Stylish yet lightweight, the Etonic Plus Series' unique flared heel and conventional golf shoes and increases ST Plus Series minimizes leg fatigue. extra-wide
      393 words

  • Page 18 Advertisements
    • 201 18 CORPORATE BROCHURES PRODUCT LEAFLETS PROMOTIONAL FLYERS ANNUAL YOU WOULDN'T LET YOUR GP i 1 Drill Your Teeth... z o 0 0 0 Need to produce a brochure? S 0 Consult a specialist. > Brochures is a specialist in the f f f H field of creating annual reports, corporate if
      201 words

  • Page 19 Advertisements
    • 117 19 CAIRNS, AUSTRALIA A new 304 room international hotel is to be developed on a waterfront site in Cairns, Australia's fastest growing tourist destination and international gateway. Expressions of Interest are sought from parties wishing to purchase the property either for development or on completion. Management rights to the hotel are
      117 words
    • 329 19 THE GOLF GLOVE THAT LASTS MORE COURSES. FROM ETONIC, OF COURSE! Etonic, the renowned golf technology State-of-the-art synthetic fibres innovators, now introduce the new for better fit, wear ability and weather resistance Soft-Tech glove. It S the first golf glove to combine the world's finest vfrf Cabretta leather and the
      329 words

  • Page 20 Advertisements
    • 275 20 BUSINESS TIMES TOLL-FREE TEL. No. 1-800-737 0043 FAX:734 3698 THE COMPANIES ACT, CAP.SO NOTICE OF RESOLUTION THREE BROTHERS PTE LTD (In Mcmbert'VoJuntary Liquidation) At an Extraordinary General Meeting of Three Brothers Pic Lid duly convened and held al 102 Upper Croat ttreet #08-11 0.0. Building, Sintapore 0105, on 12th February
      275 words
    • 284 20 IN THE MATTER OF THE COMPANIES ACT, CAP.SO AND IN THE MATTER OF GENERAL PREMIUM AGENCIES PTE LTD (Incorporated in Singapore) (In members' voluntary winding-up) At an extraordinary general meeting of General Premium Agencies Pie Lid duly convened and held at the Registered Office. 116 Middle Road. #08 01 ICB
      284 words

  • Page 21 Advertisements

  • Page 22 Advertisements
    • 33 22 Don't show your true colours in business Wear them plain .^ote^Ni, Retail Outlet".: 802-02 Centrepoint sOI-26 Chinatown Point, si'i2-1 43A Marina Square. 301-07 Raffles City. #02-20 Wisma Atria, ,ind all leading department stores.
      33 words

  • Page 23 Advertisements
    • 146 23 For a company to grow, you nood to slow the momentum. solos lodger administration taken funds as well as imagination. With a little help from International care of on your behalf. I Expansion Especially if you're on SME into Factors, your business could gain a Today, we are Singapore's largest
      146 words

  • Page 24 Advertisements
    • 54 24 CALL MILANO'S HOT DELIVERY HOTLINE NOW! i 468-2222 i for mouth-watering Italian pasta, pizza, BBQ ribs, salads and more! I Office/Home Delivery Hours: Daily from 11.00 am onwards (including Public Holidays). I FREE delivery for a minimum order of 10.00 g 53.00 surcharge for delivery after 11.00 pm. S Hiiano
      54 words

  • Page 25 Advertisements
    • 576 25 [SIEMENS I [OFFICIAL OPENING OF SIEMENS COMPONENTS NEW FACTORY AT KALLANG I I Message Message J Message I Ih c opening of the new Siemens Components The opening of the new Semiconductor Factory I Siemens Components in Singapore can be I V factory reflects Siemens'long term commitment 9 marks an
      576 words

  • Page 26 Advertisements
    • 485 26 [SIEMENS I I Congratulations I on your Official Opening I I Jurong Environmental Engineering Pte Ltd I I 'We are pleased to be asssociated with the I I Siemens' new custom-built factory as the Turnkey I I Contractor for the Mechanical Electrical Installation I I and Internal Builders' Works' I
      485 words

  • Page 27 Advertisements
    • 569 27 [SIEMENS I I Message Message I Siemens Components Pie Ltd is one lc a opening of Siemens a role in the design and construction I of the pioneers of the semicon- Components Pte Ltd's new factory is of this prestigious project. The sue- I conductor industry in Singapore. further proof
      569 words

  • Page 28 Advertisements
    • 315 28 [SIEMENS I I Congratulations Congratulations on your Official Opening on your Official Opening ffiD®Oojte/l HQ? OF SINGAPORE LIMITED m V ni- I U (A MEMBER OF THE DBS GROUP) Multitest Electronic System (Asia) Re Ltd 23 Genting Road #03-06 Chevalier House Singapore 1334 Cecil Street ICS Building Singapore 0106 Tel'
      315 words

  • SPORTS
    • 548 29 Malaysian Open preview Golf Bernama KUALA LUMPUR From atop scenic Bukit Jambul, the Benson and Hedges Malaysian Open golf championship returns to its traditional home at the Royal Selangor Golf Club (RSGC) here today and the guessing game is not who will win it but will
      Bernama  -  548 words
    • 58 29 NEW YORK St Louis Blues centre Nelson Emerson went flying, hooked by New York Rangers defence man Kevin Lowe (right) in the first period of their NHL game at New York's Madison Square Garden on Monday. The New York Rangers beat the St Louis Blues
      58 words
    • SCORE CARD
      • Article, Illustration
        67 29 Reuter NEW YORK Results of National Basketball Association games played Tuesday: Detroit Pistons 124 Orlando Magic 120 (OT); New Jersey Nets 100 Milwaukee Bucks 88; New York Knicks 117 Dallas Mavericks 87; Phoenix Suns 110 Boston Celtics 97; Houston Rockets 149 Philadelphia 76ers 111; Golden State Warriors 133 San
        Reuter  -  67 words
      • Article, Illustration
        182 29 AFP NEW PLYMOUTH, New Zealand Scoreboard at stumps on the second day of a three (toy game between New Zealand Board XI andAustralia here yesterday. New Zealand Board XI: Ist innings 264 (MD Crowe 163. P ReifTel 5-78). Australia Ist innings: MA Taylor c Harris b Owens 45; J
        AFP  -  182 words
      • Article, Illustration
        107 29 AP SAN LUIS POTOSI, Mexico Results Tuesday in the third leg of the 2,035-km Mexico *93 road race, covering a distance of 189 km from Xacatecas to San !>uis Potosi: I. Juan Gonzalez (Mex) 4 hrs 37 mins 17 sec 2. Raymundo Esparza (Mex) 4:37.18 3. Aldrin Salamanca (Ven)
        AP  -  107 words
      • Article, Illustration
        35 29 Reuter NEW YORK Results of National Hockey league games played Tuesday: Calgary Flames 4 Philadelphia Flyers 4 (OT); New York Islanders 7 Edmonton Oilers 2; Washington Capitals 4 San Jose Sharks 3. Rcuter
        Reuter  -  35 words
      • Article, Illustration
        407 29 AP Reuter AP AP PHILADELPHIA Results Tuesday of the LS$7OO,OOO US Indoor championships at the Spectrum (seedings in parentheses) Singles first rd: Pete Sampras (US 2) b Simon Youl (Aus) 6-2, 6-7 (4-7), 6-3; Marcelo Filippini (Uru) b Todd Martin (US) 5-JO. ret; Paul Haarhuis (Neth) b Stefano Pcscoso
        AP; Reuter  -  407 words
    • 716 29  -  Harvey Araton on the need for proactive therapy Harvey Araton NYT NEW YORK Twice in five months. Chuck Daly has taken his New Jersey Nets on the road to play the Detroit Pistons, and done more intense coaching of one of his
      NYT  -  716 words
    • 190 29 AFP PARIS Monica Seles is only four matches away from yet another landmark in her extraordinary four-year career. If the world No. 1 makes it to this Sunday's final of the Paris Open and wins what should be a clash with Martina Navratilova. she will
      AFP  -  190 words
    • 378 29 AP MELBOURNE Greg Norman will be seeking a record seventh Australian Masters golf title when the tournament starts today at Huntingdale. Norman's rivals include US PGA champion Nick Price, defending titlist Craig Parry and former British Open champion lan Baker-Finch. Former Australian Open champion
      AP  -  378 words
    • SIDE LINES
      • 108 29 AFP HONGKONG Hongkong has pledged support for a goal near and dear to China's heart Beijing's bid to host the 2000 Olympic Games. The president of the Hongkong Olympic Committee and the Amateur Sports Federation, Arnaldo de Oliveira Sales, said late on Tuesday that he
        AFP  -  108 words
      • 32 29 BUDAPEST Former World Chess champion Boris Spassky making a move during the last game against Hungarian prodigy Judit Polgar on Tuesday. Polgar won their 10-game match and US$l2O,OOO.
        32 words
      • 81 29 Reuter NEW YORK Andre Agassi, the undefeated star of last year's winning US Davis Cup team, is uncertain about playing in next month's opening-round tie in Australia. "It is not something I'm committed to one way or another at this point," Agassi said in a
        Reuter  -  81 words
      • 78 29 AP RICHFIELD, Ohio Hurt your hand? Try the methods used by John Williams of the Cleveland Cavaliers, who has improved his game three-fold by grabbing rice from a bowl with his injured right hand and dipping the hand in hot wax. However strange, it
        AP  -  78 words
      • 90 29 AP NEW YORK Sports Illustrated unveiled its 30th swimsuit issue cover girl on Tuesday Vendela, a Scandinavian beauty making only her second appearance in the magazine. What do you need to know about Vendela? She's an aspiring actress who goes only by her
        AP  -  90 words
      • 57 29 AP ATLANTA Turner Broadcasting System Inc and Capital Cities/ABC are discussing a possible joint bid to broadcast the 1996 Summer Olympics from Atlanta, officials with both companies confirmed on Tuesday. "We have determined we are interested in an Olympics package, assuming that it's financially
        AP  -  57 words
      • 51 29 AP OKLAHOMA CITY Zina Garrison Jackson earned her 500 th career victory on Tuesday by defeating Australian Jenny Byrne 6-1, 6-3 in first-round action at the IGA Tennis Classic. Garrison Jackson, the tournament's third seed, is the 12th player to achieve the 500-victory milestone.
        AP  -  51 words
  • Page 29 Advertisements
    • 40 29 The seeks the right media and the right company. Appointment Notices gives you great leads. APPOINTMENTS/NOTICES THE STRAITS TWtES THE SUNDAY TIMES BUSINESS TIMES THE NEW PAPER UANHE ZAO6AO UANHE WANBAO SHINMIN QAHY NEWS RE RITA MARIAN RE RITA MINGGU
      40 words

  • Page 30 Advertisements
    • 921 30 Nothing Bents A Bud* Bitiyfl where t wh *> and entertain NCOF H OUR FAMOUS LOCAL §9 FOOD BUFFET IS BACK B| at only $1 3.80++ un Eh 3 Remember all our delicious local food? Favour- p^—l ites like barbecued chicken wings, sweet sour pork, chai tow kuay, mutton curry,
      921 words
    • 311 30 WM For only $30+ per person. Come and taste the difference at The Stables! Available every day of the week except Sundays and Public Holidays. Lunch: 12 noon 2.30 pm r—j' For reservations, please call *****51. 7] Orchard Road Sm«*oreo»2l Trf *****11 1 [FREE! use of KTV rooms* I at
      311 words

  • LIFESTYLE
    • Article, Illustration
      1057 31  -  Judy Collins, 53 and mellowed after many battles in her career, reminisces to writer Jon Pareles Jon Pareles NYT JUDY COLLINS advanced on her visitor, long, gleaming knife in hand. She was wearing a tawny velvet dress and, over it, an apron. "EX) you like garlic?" she
      NYT  -  1,057 words
    • 549 31 CHATTERBOX Reuter Reuter Reuter ROCK star Rod Stewart and Simply Red's lead singer Miek Hucknall won top places at Britain's annual Brit Awards pop ceremony on Tuesday. Stewart, who has had seven singles which have become British best-sellers including Do Ya
      Reuter  -  549 words
  • Page 31 Advertisements
    • 107 31 TANTALISING THAI... SPICE EXPRESS IRRESISTIBLE INDIAN... SPICE EXPRESS ENTICINGMNDONESIAN... SPICEJp^RESS FASCINATING MALAYSIAN... SPICE EXPRESS One restaurant springs Malaysia and Singapore, to mind when it comes to All exquisitely prepared satisfying different tastebuds. by chefs with a passion for Spice Express. Serving authenticity, to appeal to the the most wonderfully exotic
      107 words
  • Page 31 Miscellaneous
    • 1217 31 TV RADIO My an 10 30pm. SBC 5 WW K A 1988 comedy that has Kim bI Basinger as a beautiful alien J who comes to Earth in a bid to save her She scientist Dan Aykroyd and updaughter her pe- VbH ways. Stepdaughter soon suspects that she is not
      1,217 words

  • INNOVATION & TECHNOLOGY
    • IN TAKES
      • 80 32 UPI THE Indian Nuclear Agency has decided to build a large fast-breeder reactor at a seaside site near Madras, a senior atomic official said yesterday. The 500-megawatt prototype fast-breeder reactor will be built in a complex that houses a twin-reactor nuclear power plant, a plutonium-re-processing
        UPI  -  80 words
      • 89 32 NYT USING a modified virus as a vehicle, scientists have been able to introduce new genetic material into the cells of an animal's brain for the first time. Scientists hope the technique will eventually open the way to treating neurological conditions like Parkinson's
        NYT  -  89 words
      • 68 32 Reuter AN INDEPENDENT committee of scientists set up to help oversee an experiment in which four men and four women are living in a sealed glass-and-steel ecosystem has been dissolved, officials in Tucson, Arizona said on Monday. The operators of the US$l5O-million Biosphere 2 ecosystem said
        Reuter  -  68 words
      • 66 32 AFP FRENCH scientists have isolated a component common to the human immune system and the virus that causes Aids. It may help research into the discovery of a vaccine against Aids, medical sources in Paris said on Tuesday. Computer research by a team under
        AFP  -  66 words
    • 691 32  -  Helen Ching takes a closer look at a new generation of liquid crystal displays that will offer clearer reading of display screens Helen Ching IMAGINE millions of toy soldiers springing to attention when commanded to do so and then think of
      691 words
    • 804 32  -  Thanks to a British R&D company, the telephone will never be the same again. Cynthia Johnson reports Cynthia Johnson Reuter THE "VIRTUAL" telephone is virtually a reality and the result is lending a whole new meaning to touch phone functions. The new
      Reuter  -  804 words
  • Page 32 Advertisements
    • 104 32 Who beats our $4,200 business class fare to Europe? Jft j No matter where you need to go in Europe, SAS can take you there. At a price that's hard to beat. Our Euroßudget fare i! will take you to major business centres in Europe, including Amsterdam,- Copenhagen, Hamburg, London,
      104 words

  • THE LAW PAGE
    • 1013 33  -  Robert Rice and Richard Lapper on a test case for intellectual property in the US Robert Rice,Richard Lapper FT ON JAN 5, B&S Underwriters, a Louisianabased insurance company, filed a lawsuit in the US District Court for West Louisiana that wili provide the first test
      FT  -  1,013 words
    • 486 33 AT THE BAR WHAT do factory worker Supramaniam P Palani and millionaire businessman Kang Hwi Wah have in common? Answer Both were recently acquitted of criminal charges, albeit charges of different magnitudes. Mr Supramaniam was accused of trafficking in drugs, a charge which carries the
      486 words
    • 107 33  -  By Conrad Raj THOSE who want to dig deeper into the mysteries of Indonesian business and investment laws may find useful a seminar next week on the subject. The two-day seminar at Marina Mandarin will be jointly opened by Singapore Law Minister S Jayakumar and
      107 words
    • 1245 33  -  In Washington, Maureen Dowd examines a White House that is run by and overrun with attorneys Maureen Dowd NYT MAYBE Shakespeare, Dickens and Dan Quayle were right. Recent events in Washington have only reinforced the arguments of those who would "kill all the lawyers",
      NYT  -  1,245 words
  • Page 33 Advertisements
    • 64 33 Includes deluxe accommodation, full American Breakfast, free shuttle service to World Trade Centre, 24 hour butler service, complimentary newspapers and in-kouse movies plus full use of the Beaufort Sports Centre. Isn't it ahout time you spent a few days with us? Ho Tff 15 The Beaufort Bukit Manis Road Sentosa
      64 words
    • 237 33 The Bth8 th and 9 th Wonders of the World. El Caballo Blanco 111 l Catherine Field, Sydney, Australia. The kingdom of the Andalusian Dancing Stallions, this 48 hectare estate, just over an hour from Sydney's CBD, is one of its most popular and successful theme parks and day resorts.
      237 words

  • 434 34 EDITORIAL THE decision by Russian President Boris Yeltsin to seek a power-sharing pact with his main parliamentary opponent, Ruslan Khasbulatov, marks a climbdown by the Russian leader in the struggle for political ascendency. Mr Yeltsin had been pushing for a referendum on a new
    434 words
  • WHAT THE OTHERS SAY
    • 315 34 MALAYSIAN Information Minister Mohamed Rahmat said of the Rulers' acceptance of the constitutional amendment removing their immunity from prosecution that "the government's objectives have been met. the people's wishes fulfilled and the Rulers' interests upheld". Not many of the nine royal houses would acknowledge the last
      315 words
    • 162 34 ON HIS RECENT fact finding visit to India, BG George Yeo, the Minister for Information and the Arts and Second Minister for Foreign Affairs, gave a thumbs up for Singapore to explore the vast potential of India in the fields of tourism and investment. Singapore's relationship with
      162 words
    • 193 34 WHAT IS particularly unsettling to Japan is the fact that when Foreign Minister Michio Watanabe called on US President Bill Clinton for the first time, the latter seemed only to stress that Japan must open up its markets and reduce its trade surplus with the US.
      193 words
    • 222 34 THE LAST four months of tension between Britain and China over the Governor's proposed political reforms have taught the territory to take a sceptical view of the gyrations of the Hang Seng Index. Nonetheless, yesterday's wild surge (led by the futures market) has shown, if nothing
      222 words
    • 217 34 WITH Boutros-Ghali's recent actions in dealing with Israel's reluctance to implement the United Nations resolution in mind, it could be said he is the most courageous UN secretary-general to date. Lately he has tried hard to pull the United States, which, with its dominance of
      217 words
  • Article, Illustration
    783 34  -  Italy's corruption scandal has thrown its judiciary into the limelight. reports Stephen Addison Stephen Addison Reuter The corruption scandal tearing apart Italy's archaic political system has made heroes of the small band of magistrates at the heart of the investigation. hailed as avenging angels by a nation weary
    Reuter  -  783 words
  • Page 34 Advertisements
    • 36 34 .< WIN a great weekend for two at Sentosa's BEAUFORT HOTEL K_ Plus a five-year membership H to the Beaufort Sports Centre I 4 H« "v 4j H villas with your own pool 7 >^^H\|^ with February's
      36 words
  • Page 34 Miscellaneous
    • 58 34 3 NO Ao/ice...is/o jooes rr*> TAKING OFseXnuG I f\SSi<3rr*MCG... Vut* rny OV>iN &JSI»»€SS.... i pip rT. i c.wan}G£o m y Mo-ruihiG' oi-rv-oUT HE.LP NOIHINV>. DOONESBURY GARRY TRUDEAU LAST I HEARD. BUT I'M -*MN6!* iANS/f if®*!'- 2 NOT SURE WHETHBRHES *HN6!t MNSH --HUG!* STILL IWOLVWMTH iRING/f iRIN6.'f ißjNOf't *~SL, ffJfSSf, fl®BS~
      58 words

  • ANALYSIS
    • 884 35  -  The Clinton administration's willingness to pursue an aggressive trade policy runs the risk of damaging more than just trade relations, writes Barry Eichengreen Barry Eichengreen The writer is professor of economics at the University of California, Berkeley, and a fellow of the Wissenschaftskolleg Zu berlin (Institute
      IHT  -  884 words
    • 1209 35  -  Victoria Premier JeffKennett has ambitious plans for his Australian state. He makes no bones about his Asian tilt and will like his state to build up a special relationship with Asian nations. Tye Kim Khiat reports from Melbourne Tye Kim Khiat The writer is
      1,209 words
    • 707 35  -  South Korea's five largest conglomerates are certain their sales will surge this year, even though there are conflicting signs. Yeom Yoon-jeong reports Yeom Yoon-jeong Reuter DESPITE an economic slowdown at home and protectionist barriers looming overseas, South Korea's five biggest chaebol are banking on
      Reuter  -  707 words

  • 562 36 Working group to forge power-sharing pact in 10 days Reuter MOSCOW President Boris Yeltsin has apparently dropped plans for a popular vote on his powers in favour of a deal to be hammered out with rival Ruslan Khasbulatov and the
    Reuter  -  562 words
  • 414 36 AP BEIJING Two activists from the 1989 pro-democracy movement, including the most wanted student leader, were freed from prison yesterday on parole, the government said. •A 76-year-old Catholic priest from Shanghai was also set free yesterday before the end of his term, the official Xinhua News
    AP  -  414 words
  • 360 36 AFP BEIJING Chinese Premier Li Peng yesterday said suggestions of a China threat to the region were groundless. The Xinhua news agency said his comments came in talks with former US secretary of state Alexander Haig. Mr Li reiterated
    AFP  -  360 words
  • 733 36  - How many times can you cry wolf and get away with it? The Bottom Line NEVILLE STACK NEVILLE STACK The writer is a political commentator based in London IN ANCIENT times, all the best emperors employed chaps to taste their food before entrusting it to the imperial palate. Apart from
    733 words
  • 272 36 Reuter. AFP VIENNA Opec oil producers avoided a damaging split here when Kuwait joined a consensus deal to sharply curtail crude oil output from March I to mop up excess supply and prevent a price collapse in the spring. The tiny
    Reuter.; AFP  -  272 words
  • 424 36 Reuter, KnightRidder WASHINGTON US construction starts on new homes and apartments fell in January, showing the effects of stormy weather that slowed building in many regions. The Commerce Department said on Tuesday that the annual rate of starts on
    Reuter,; Knight- Ridder  -  424 words
  • 259 36 Bernama KUALA LUMPUR The Malaysian Cabinet has decided to review the relevant provisions in the law to enable the Election Commission to revise electoral boundaries. Law Minister Syed Hamid Albar said yesterday. He said the AttorneyGeneral's Chambers would review and correct
    Bernama  -  259 words
  • 48 36 Charles caught against all odds Reuter MEXICO CITY Prince Charles being kissed on Tuesday by an unidentified Mexican woman in the gas-blasted zone in downtown Guadalajara, Mexico. Despite efforts of the security corps, the woman got the prince after he visited the reconstruction works in that zone. Reuter
    Reuter  -  48 words
  • 205 36 AFP TOKYO Japan's Toyota Molor Corp said yesterday it would inject US$36O million (SSS9O million) into its manufacturing unit in Thailand to more than double output to 200,000 vehicles a year by 1997. The major investment in Thailand involves expanding production at an
    AFP  -  205 words
  • Page 36 Advertisements

  • Shipping Times
    • 377 37  -  From Stephen Vines ln HONGKONG THE HONGKONG government announced yesterday that the colony's port had a record breaking year in 1992. Throughput rose 29.4 per cent to almost eight million TEUs (Twenty-foot Equivalent Units). John Shearman, an assistant director of the
      377 words
    • 491 37 The Nation BANGKOK The Port Authority of Thailand (PAT) is likely to call closed bids for dredging and expanding the water channel at the mouth of Chao Phya River, as the first round bid was scrapped. The authority recently cancelled bids to dredge
      The Nation  -  491 words
    • 873 37 Page Col ABC Containcrlinc 12 I Accord Group 8 1-3 •API. 5 3-5 Alpha Feeders 6 I •ANL 3 1/2 •Arrow Trans 19 2 •ASCL 5 5 Avant Shpg 6 4/5 Avia Airways 14 4 Bait Orient Line 7 4/5 Bangladesh Shpg 18
      873 words
    • 256 37 Knight-Ridder NEW YORK Sun Co of Philadelphia will sell off its small tanker fleet as the ships reach retirement age. company officials said on Tuesday. According to a report set to appear in yesterday's Journal of Commerce, James Fidlcr, manager of Sun's
      Knight-Ridder  -  256 words
    • 373 37  -  From Ramesh Divyanathan In KUALA LUMPUR LABUAN-BASED Sabah Shipyard Bhd has clinched a MS 100 million (5562.5 million) contract from Sarawak Shell Bhd and Sabah Shell Petroleum Co Ltd for the construction of three marine platforms. The contract was officially signed on Tuesday by
      373 words
    • 219 37 Reuter WASHINGTON The US military has sent medical and other relief personnel to Kwajalien island in the Pacific to help 535 Chinese passengers on a cargo ship that had engine trouble at sea. the Defence Department said on Tuesday. The Panamanian-registered East Wood sent
      Reuter  -  219 words
    • 968 38 Last month the tanker Braer ran aground off the Shetland Islands, spilling 24 million gallons of oil into the sea, and changing the lives of the islanders forever AP FOR Neil Smith, the world's 12th largest oil tanker spill means he is puttering around the
      AP  -  968 words
    • 354 38 Dry cargo freight rates continued to advance amid a shortage of modern panamax tonnage. The Baltic Freight Index (BFI) was marked up by seven points to 1,335. Dealers noted rates for key panamax runs, such as the US Gulf to Japan heavy grain route, were strengthening. The BFI
      354 words
    • 284 38 COURSES 1993 Shipping courses organised by Singapore Port Institute. Feb I Feb 2 Handling of Bunker Barge. Feb 4 Apr 22 (10 evenings): International Frieght Forwarding I (approved-in-Principle SDF). Feb 5 Feb 6 Handling Of Bunker Barge. Feb 23 Jun 18 (31 evenings): International Freight forwarding ll(approved-in-Principle SDF).
      284 words
    • 850 38 THIS twice weekly report, compiled by Cockett Marine Oil Ltd, shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on average-sized stem. Market movements are indicated. The Cockett Bunker Price Index change and
      850 words
    • 11712 46 This is a list of ships loading at Singapore for ports around the world. It tabulates, by destination, the name ol 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
      11,712 words
    • 3365 51 A illK Container line NV: Bclsin Shpg Agencies Pic Lid (SyMarinc Handling Sdn Bhd (PK/PN). Accord Group: Accord Shpg Ptc Lid (SVAccord Contr Line (PK/PN) Vdkris Business orporation Philippine: Calsource Shpg Trdg Ptc Ltd (S) Ahrenkiel Liner Service: Kim Shpg Trdg (S). Albutros Sen-Air Service: Fraia Shpg Ptc
      3,365 words
    • 259 51 Abacus Couriers Tel: 545-8011. Fax: 545-1898 Air Express Travel Tel: 533-5771. Fax: 535^144 Airborne Freight Corporation Tel: 542-8844. Fax: 542-3716. *****80 Airswift Worldwide Courier Tel: 278-0188. Fax: 273-8283. AJS Supplies Tel: 748-6322 (2 lines). 747-7421. Fax: 742-8975. City-Link International Tel: 344-3377. Fax: 345-6450. Cluster Link Supplies Services Tel:
      259 words
    • 1465 51 Abex Express Freight Tel: 542-7171. Fax: *****84. Actiaic Forwarder Tel: 225-1833. Fax: *****42. Activair Singapore Td: 542-7822; Fax: *****20. Aeroiiak Freight lateraatioaai Td: 545-8033. Fax: *****05. Td:" 542-5911. Fax: *****18. Air Cargo Novo Express Td: 542-5454. Fax: *****06. Air Express lateraatioaai Td: 542-7666 Fax: *****74, *****50. Air Market
      1,465 words
    • 2131 52 ALBANIA Durres: Seven vessels in port of which 2 discharging general cargo, 1 flour, 1 potatoes, 2 wheat, 1 loading general cargo. ANGOLA Soyo: Rwanda base and Quinfuquena terminal remain occupied by Unita forces. Loading according to programme at Palanca. there is a posssibility that loading will resume
      2,131 words
    • 802 52 SHIP SALES TANKER RATES AFP AS WAS predicted, once again the Japanese domestic market has acted to fill the decreasing order books in Japan at attractive market levels. NYK was reported recently to have ordered five option further three handysize bulk carriers at Oshima/Tsuneishi/Hakodate. Daichi, Sanko and Showa have ordered
      AFP  -  802 words
    • 553 52 ARRIVALS Op Flight Type ETA T From TODAY KAL KE697 B747F 0150 I SEL SIA SQ827 B747F 1730 2 CPH/DXB CLX CV794 B747F 1845 1 LUX/DXB NCA KZ203 B747F 1930 1 NRT KAL KE685 A30F 2345 I SEL/MNL T0M0M0W JAL JL615 B747F 0240 I TYO NWA NW90I
      553 words
    • 356 52 CRUISE FERRY SCHEDULES CR Ait UIS4 D«P Ports of Calls Port Agrst Tcfepfeoae No FEBRUARY 18 19 Regent Spirit 1000 1800 Cruise to nowhere Regency Cruises 271-2911 19 19 Ddfin Star 1200 1800 Cruise to nowhere Ocean Trade Chartering 299-0366 21 21 Ocean Pearl 0700 1900 World Cruise Inchecape Shpg
      356 words
    • SHIPS IN PORT
      • 469 53 Vessel Voy No Berth Arm* Depxtie Vend toy No Berth AnM Dipariwe iurong Port Samsun Mariner Jll alongside 1812/0800 Sang Thai Queen 01/93 J6 alongside 1812/2359 State ot Marapur 49H J12 alongside 18.12/2300 Tropical 12/B 11 alongside 18.12/2300 Budi Utama 181 12/3 1812/0800 18.12/1800 Dm Sempurna 04/93
        469 words
      • 223 53 Johorc Port Berth: 1: Nil; 2: Bangkhunon; 3: Nil; 4: Nil; 5: Flag Chios; 6: Pan Pond, Kris Lemona. 01 jetty: Kilchem Adriatic. Global Neptune. DCh Kokuet Maru No.2. Due on Feb 17: iohan Pearl, Golden Frontier, Ocean Meg, Al Wattiyah, Ventura Chemciarry. Due on Feb 18: Neptra
        223 words
      • 1783 53 Q PORT CONTAINERS IN PROGRESS Slip Voy No CootavaiaMe 9# Voy No Cenlaiwn avaiabte Ned Maas 3202 COO(EST) 16.02 93 1500 ACX Lilac 146 16.02.93 0735 Impala 3S COO(EST) 1702.93 1500 E Breeze 10-287 16.02.93 0920 00CL Fame HE COO(EST) 17.0293 0700 Dragon Java 37N 16.02.93 0925 Ad
        1,783 words
    • AIR AND LAND TRANSPORT NEWS
      • 335 56 AP WASHINGTON The Clinton administration and congressional leaders announced plans on Tuesday for a commission to study the ailing US airline industry and propose solutions promptly. Transportation Secretary Federico Pena said a Bill to set up the panel has the
        AP  -  335 words
      • 650 56 Former rivals' tie-up highlights pressures on firms to think globally NYT CHICAGO The Cummins Engine Co, the world's leading independent maker of heavyduty diesel engines, and Komatsu Ltd, Japan's top construction equipment manufacturer, on Tuesday joined the list of huge multinationals pooling their resources. "Capital goods
        NYT  -  650 words
      • 362 56 Bloomberg Business News LONDON Britain's secondlargest airline. British Midland, announced a new Business Class service between the UK and Europe on Monday, promising no premium seat will cost more than competitors' regular economy-class seat. The move is to take advantage of the
        Bloomberg Business News  -  362 words
      • 293 56  -  By Ramesh Divyanathan SINGAPORE Asian Aerospace has been ranked the world's top air show for developing new business in an independent US survey. The Survey Centre, a research organisation, rated Asian Aerospace the best for meeting new customers, meeting customers not normally called
        293 words
      • 276 56 SINGAPORE Singapore Airlines has started using Bombay in India as a transit point in its Boeing 747 all-cargo scrviccs between Singapore and Europe. From yesterday, SQ freighter Rights returning from Brussels and Copenhagen on Thursdays and Basic on Fridays will land in Bombay before continuing
        276 words
      • LOG BOOK
        • 64 56 Reuter KILL, Germany German shipyard Howaldtswerke DeutscheWerft AG (HDW) is negotiating to build two eontainer ships worth a total of around 300 million marks (SJ29O million) for shipping firm American President Line. A spokesman for HDW. a unit of Preussag AG, said one of
          Reuter  -  64 words
        • 83 56 Reuter LONDON Crude oil chartering interest remained slack on Tuesday, with fresh fixtures slow to emerge ahead of the outcome of the current Opec meeting, brokers said. In the Mideast sector, VLCC inquiries were thin, although a 390.000-tonner destined for the Red Sea was booked
          Reuter  -  83 words
        • 122 56 AFP KIEV Ukraine customs officials on Sunday stopped five barges from Serbia headed for Russia, a Foreign Ministry spokesman said here on Tuesday. The barges were loaded with corn and shoes at the Serbian port of Prakhovo but the forwarding agent appears to be from
          AFP  -  122 words
        • 104 56 UPI CHICAGO UAL Corp. which announced a US$4OO million (***** million) cost-cutting programme at United Airlines in January, said it has formed a wholly owned subsidiary to sell and lease new and used aircraft. United, in a brief statement on Monday, said the aircraft involved
          UPI  -  104 words
        • 38 56 Reuter TAIPEI Lodge Lo, spokesman for Taiwan's flag carrier China Airlines, said in Taipei yesterday that the airline will ground its two MD-ll passenger aircraft after they repeatedly developed engine trouble. Reuter
          Reuter  -  38 words
        • 82 56 AFP KIEV Kiev was paralysed on Tuesday as bus, trolley bus and tramway drivers went on strike demanding higher salaries and the resignation of the Ukrainian parliament. The strikers are asking for raises that go as high as 10 times the minimum monthly salary, or 46,000
          AFP  -  82 words
      • 1327 56 nw eu fhm m> Abu Dhabi GA887 1500 Adelaide QF81 1935 QF82 2050 SQ228 2040 Amsterdam SQ319 0810 KL838 2350 KL837 1545 Athens SQ347 1730 Auckland NZ2I 1710 BAl 1 1310 NZ28 1840 SQ288 2045 Bahrain GF148 0850 B Seri Begxwan BI421 1105 SQ182 0930 SQ181
        1,327 words
  • Page 37 Advertisements
    • 1 37 Lubricant
      1 words
    • 19 37 Lines and services represented by Members ef the Registry of Accredited {•or advertising enquiries, contact S/iipinn* limes: I'el noxm/7to-?.tm
      19 words
    • 221 37 Life after an oil spill, Page 2 Congress to set up panel to study ailing US airlines, Back Page 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
      221 words
    • 39 37 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
    • 72 37 THE FAMOUS s>° n 'o i ■'MKtUSMm ■HjHEZII 224 1833 For more information please refer to Pg. 13 Someone dose has beeniving in Canada for some years. You've given up writing those long letters. The Straits Times Weekly teils K better. (He might comeback after reading ail the good news.)
      72 words

  • Page 38 Advertisements
  • Page 38 Miscellaneous
    • 614 38 TODAY'S TIDES (hejflt in metres) HOU* 0000 0100 0200 0300 MOO 0500 0600 0700 0300 0900 1000 1100 1200 1300 1400 1500 1600 1700 1800 1900 2000 2100 2200 2300 ft 19 1.7 IS 15 1.4 1.5 1J 2.1 2.4 2.6 2.6 2.4 2.1 1.7 1.3 1.0 0.7 0.6 0.6
      614 words

  • Page 39 Advertisements
    • 2506 39 mam OOCL (S) PTE LTD JARDINE SHIPPING AGENCIES TEL: *****11 FAX: *****09 BOOKINGS TEL: *****34 *****58/ *****40 \l|Mr K CFS (PSA F5) TEL: *****21/ *****79 ■■lIIIW JARDINE SHIPPING AGENCIES SDN. BHD. PBuOSO H PETALING JAYA TEL: 03-*****76 FAX: 03-*****42 L %W9T J 7TT7 1~~7~ —!T 0 PENANG TEL: *****4 FAX:
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    • 1918 39 For advertising enquiries, contact Shipping Times: Tel 740-2089/740-2090 fSUASC/1 J W7ED ARAB SHIPPING COJSAG)Jj£ To US East Coast Jvii iTu nfu i!/!i wzmwwin m n* M/M 11/ M IVM ■MM moot 2VW IVM JVM It/M JVM I tBWI Ml Mi 7/M I* IVBI 11/® IMS SJMTI lou MMI n/W N/B
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    • 1251 39 CARGO TO INDIA PAKISTAN? RELY ON OUR WEEKLY QUALITY SERVICE MUSCAT BAY V. 2753 ETA SIN 19TH FEBRUARY 1993 VMM Voy ETA ETD FMd* by I" destinations Mk LauM Mwu v«304 ■■■i!KXnn!n!fVißTrvtißriHTrvTTmmMnTf*an TFiavimni**<Ms«MMv« CV 23/2 1400 MRS CFB 23/2 oeoo MBS -XX LPK P€N OAK LGB MOO SOO ATL MIA
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  • Page 40 Advertisements
    • 781 40 aoaba roam/ le ■rrrrrs VOY NO S PORE JEDOAH (via JED) S TON HBURG ANT HAVRE HkLalai DANUBE 06/306 20/2 2/3 8/3 10/3 13/3 15/3 17/3 L MIWOTIOMi) KAMAKURA 27/107 25/2 13/3 16/3 14/3 ,^XHSS!£t DRESDEN EXPRESS 09/307 27/2 8/3 14/3 17/3 19/3 21/3 23/3 9555 KAGA 28/108 5/3 21/3
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    • 585 40 C ***** FCL Breakbulk Service to: AFGHANISTAN MAM Afghanistan Ltd., Sole Foreign Forwarder in Kabul for all services C.1.5.-Vostochny, Vladivostok, Moscow, Tashkent, Kiew, Minsk, Riga, Baku North Korea Vietnam Mongolia Hungary CSFR Poland ocT<B>Trans AGENCIES (FAR EAST) LTD NOUAKCHOTT-BANJUL-BISSAU-LUANDA-BATA Feeder Vessel ETA SIN VILLE DE TITANA 20/02 ORIENTAL KNIGHT 01/03
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    • 1399 40 E3go»aa»fl Mum REGULAR INDEPENDENT FULL CONTAINER SERVICE ROT ANT# FEL LHA 1 NORASIA PEARL 9250-3 18/02 11/03 13/03 15/03 16/03 17/03 18/03 19/03 20/03 JAPAN SEA 251N 26/02 IS/03 19/03 22/03 23/03 24/03 25/03 26/03 27/03 I CHMA SEA 252N 02/03 24/03 26/03 29/03 30/03 31/03 01/03 01/03 02/03 I
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  • Page 41 Advertisements
    • 2047 41 0 W STRAITS SHIPPING PTE LTD I mEjD' l 10 Hoc Chiang Road #11-01 Keppd Towers I S" 1 02 Td: *****80 Fix: *****17 I accepts H'- AAMHuiitBJMMM TfI'OJMBODIA I CAS GO DUE SML! ™"™T M MB MADURA VS3E Mia. Lab. KK Fab It F«k 19 fab STMITS VENTURE VOSE
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    • 2017 41 lkKV\. SINGAPORE AGENT: PXtII I AtltainA|*C P&O Containers (Singapore Agencies) Pte Ltd IXV/ V>UlliCtlllVl 9 10 Hoe Chiang Road #07-01 KEPPEL TOWERS. SINGAPORE 0208 Tel: 225 2233 Tetex: RS ***** PNOCSP Fax: 225 5327/222 7517 CR Number: **********0Z vcsml vov pwio m alo bou ami hot nam hud. vor amt
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  • Page 42 Advertisements
    • 711 42 Pfiffifl I FTSTDRSPE ilifcili m nor j mmm I htmkl wool wiiw KUTAI 27N8 I 21/2-5/3 I 29/3 3/4 S/4 8/4 TO m FUU^ CO»TOMNER EAST COAST PORTS Wl/VOT HI STORE STO MELB B«ttS I FWE ABEL OCIAWA 01S 19/2 11/2 5/3 8/3 14/3 MOO AUSTRALIA «2S 2/3 3/3 17/3
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  • Page 43 Advertisements
    • 1697 43 NEPTUNE ALEXANDRITE 03W ETA SGP 20/02/9311 I 83 II ETA RDM 12/03/93, FLX 09/03/93, BRE 11/03/93, LEH 13/03/93 II I II *RI SCX: Connecting C. Pegasus Voy TK in HKG HI *R2 SCX: Connecting C. Jupiter Voy 62E In HKG I SINGAPORE CALIFORNIA EXPHESS (SCXt ~l pnw USA inland POINTS
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  • Page 45 Advertisements
    • 880 45 SSSBfIH PACIFIC INTERNATIONAL LINES (PTE) LTD ZSSSSSSBII4O Cecil Street, #03-00 PIL Building. Singapore 0106. SmSSSSSS B CR NO **********0E VESSEL VOY SIN HKG SIN CMB JIB HOD JED AQJ KOTA WIRAWAN WRNO2I 21/2 2S/2 2/3 S/3 11/3 14/3 KOTA CAHAYA CAHOI3 «/3 11/3 1j»/3 20/3 KOTA WUAYA WJAO2I 12/3 1«/3
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  • Page 47 Advertisements
    • 55 47 1/C VISA FREIGHT SERVICES PTE LTD Q Established Since 1984 OCEANIA PORTS REGULAR GROUP AGE LCL consolidation AUCKLAND SYDNEY IMPORT EXPORT m iM fREHANTLE SERVICES yj FOR BOOKING fir SAILING SCHEDULE. CALL THE TOTAL TRANSPORTATION PEOPLE. VISA FREIGHT SERVICES PTE LTD VISA LCL CONSOL PTE LTD TOLL-FREE TEL: 1800-*****66 TOLL-FREE
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  • Page 48 Advertisements
    • 3177 48 Conventional Semi-Container Full Container Liner Services Liner Services Malaysia's Agents: Indonesia's Agents: General Agents: Booking Agents: General Agents: Booking Agents: Gaaa Gaaa Skinning Sdn 6M Chung Ckiao Shinning Sin Bhd P.T. Glokal Fatra Indonesia Maritime Ykk Fung Shipping i SIM( fr««M Mun Grub* Afeoaes Costar Shipping Pte Ltd Stfwmg B-Uag
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  • Page 49 Advertisements
    • 678 49 FAMOUS CONTAINER LINES 10 ANSON RD. #15-21 INTERNATIONAL PLAZA, S PORE 0207 HOT LINE: *****33 (24 LINES) LIMASSOL/PIREAUS 20/2 ROTTERDAM 20/2 HAIF A/ASHOOD/ALEX ANDRIA 20/2 HAMBURG/BREMEN 20/2 MARSEILLE/FRANCE 20/2 FELIXSTOWE/UK 20/2 BARCELONA/SPAIN 20/2 LEHAVRE/ANTWERP 20/2 GENOA/ITALY 20/2 GOTHENBURG/SCANDINAVIA 20/2 LOS ANGELES/WC/IPI 21/2 SYDNEY/MELBOURNE 23/2 NEW YORK/EC 21/2 FREMANTLE/ADELAIDE 24/2 VANCOUVER
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  • Page 50 Advertisements
    • 1439 50 PJtPMAC-NELS GROUPAGE I l\~/ IPENANG: (04) *****6 SIBU: (084) *****9 KUCHING: (082) *****3 v v P.KELANG: (03) *****77 JAKARTA: (21) *****32 SURABAYA: (31) *****0 HKG/TWN/BKK GOTH/U.K/MED PORTS PEN PKL SIN PEN PK SIN 21/2 22/2 23/2 Honf Kong Ldn/Fl*/Rdm/Ant/LHV 18/2 19/2 20/2 24/2 25/2 26/2 Hon* Konf G'bur|/C hafen/S hofcn/Oslo
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  • Page 53 Advertisements
    • 103 53 FOR SUCCESSFUL MANAGEMENT OF YOUR BUSINESS Stories on labour and its relationship with management, management concepts in practice, f profiles of leading managers in Singapore and j relevant book reviews. (j L ENTERPRISE MANAGEMENT, in Business Times every Monday, is must y/ reading for managers who want the —I competitive
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  • Page 54 Advertisements
    • 1177 54 i. cosco UKC CONVENTIONAL SERVICE VESSEL PKL PNQ P.Q LOADING FOR: A VESSEL 28/2 Rotterdam/Antwerp CHINA CONVENTIONAL SERVICE VESSEL PKL PNQ P.O. LOADING FOR: A VESSEL 15/02 20/02 Huangpu/Guangihou COSCO FULL CONTAINER SERVICES (FCL/FCL) EXPORT TO: CHMA/BANGK OK/HONGKONG EUROPE/CONTINENTAL WEST MEDITERRANEAN AUBTRALIA US WEST COAST PERSIAN GULF/KARACHI Please refef above
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  • Page 55 Advertisements
    • 738 55 ▲HYUNDAI MERCHANT MARINE CO. LTD. WESTBOUND TO EUROPE VESSELS VOY PNA PKE PCD VESSELS VOY_ SW HTM ANT* LEH* HAM BREI PEL WM ADVANCE 05A 16/2 H/2 20/2 HI«OVATOR 302* 21/2 12/3 12/3 13/3 14/3 14/3 16/3 MM ADVANCE 06A 23/2 25/2 27/2 SI MANNER 303* 2S/2 19/3 19/3 20/3
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  • Page 56 Advertisements
    • 73 56 ETI Tomorrow in Business Times EZSqzsl M.V. "ANGLO ALLIANCE* voy.i Arrived 10th February 1993 M.V. -GRACE OAK* VOY. 5 Arrived 12th February 1993 Consignees of all damaged cargoes ex the captioned vessels are hereby notified that a general survey will be held on the 19th February 1993 0900-1200 hours at
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