The Business Times, 24 February 1993

Microfilm: NL18517
Total Pages: 48
1 48 The Business Times
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  • Title Section
    Masthead
    14 1 SINGAPORE Business Times WE KNOW ASIA MITA (P) 552/12/92 Wednesday February 24 1993 75"
    14 words
  • 2am LATEST
    • Article
      Lock icon US air drops may inflame Bosnian war
      65 1 Reuter SARAJEVO The Bosnian Serb army has warned the United States that its plan to parachute aid to trapped Muslims would inflame the civil war in Bosnia. Diplomatic sources in Belgrade said air drops of relief supplies to tens of thousands of people
      Reuter  -  65 words
    • Article
      Lock icon Indian firms accused of misusing funds
      60 1 Reuter BOMBAY The head of the Securities and Exchange Board of India, G V Ramakrishna, has accused some Indian companies of misusing funds raised on the stock market by diverting money for purposes other than specified in their share prospectus. Some companies had raised
      Reuter  -  60 words
  • Article, Illustration
    MARKET SUMMARY
    111 1 Stock market indices Tmday Change STII 1.639.87 +0.83 KLSE Composite 632.28 -3.31 Nikkei 16.863.15 +42.54 Hang Seng 6.149.19 -82.69 SET Index 946.08 +0.46 Jakarta Composite ...299.82 -1.4 CLSA China B 1.631.91 +27.38 Aust All Ord 1.608.3 +3.3 FFSE 100 2.818.0 -20.3 Tuesday Previous llam close Dow Jones 3,340.00
    111 words
  • Article
    Lock icon Rising in Guangzhou: world's tallest building
    142 1 UPI HONGKONG A new financial ccntrc in Guangzhou in south China will includc two 140-storcy office towers 30 storeys higher than the world's tallest building. A pro-Beijing newspaper yesterday quoted Guangzhou Mayor Li Ziliu as saying that the two 140-storcy towers would be sited
    UPI  -  142 words
  • Article, Illustration
    New URA policy may add 18,000 more condo units in Bukit Timah
    921 1  -  By Sylvia Wong SINGAPORE The government yesterday announced new measures that could inject up to 18.000 condominium units into the Upper Bukit Timah area over the next 20 years. The Urban Redevelopment Authority unveiled a package of incentives
    921 words
  • Article
    S'pore-German tie-ups for China projects
    409 1  -  By Walton Morais SINGAPORE Prime Minister Goh Chok Tong and German Chancellor Helmut Kohl agreed yesterday that the time is right for both countries to cooperate and pool economic resources for joint projects in countries such as China. The visiting German leader told a press
    409 words
  • Article, Illustration
    Former provincial governor confirmed as Taiwan's premier
    429 1  -  From Lim Soon Neo in TAIPEI PROVINCIAL governor Lien Chan yesterday became the 14th premier of Taiwan in what is seen here as a major political shift in the country. After years of being ruled by leaders who came from mainland China, the
    429 words
  • Article
    Budget hopes fuel surge of Singapore stocks
    200 1 SINGAPORE Share prices surged unexpectedly strongly yesterday, pushing the henehmark Straits Times Industrials Index to another record high. The STII closed at 1.661.32 for a gain of 21.45 points on the day amid heavy trading. The previous record of 1,645.68 was set on
    200 words
  • Article
    Lock icon Dollar's fall against yen slows after headlong plunge on Monday
    363 1 Reuter TOKYO The US dollar s descent slowed down in Asian trade yesterday after Monday's breathtaking plunge, and concerns about the US currency's fate receded on regional stock markets. But some currency dealers predicted the dollar would come under more
    Reuter  -  363 words
  • Article
    Lock icon NTT, Nissan to lay off thousands of workers
    228 1 AFP TOKYO Hit by a deepening recession at home and increased competition, two Japanese conglomerates have been forced to lay off" workers on a large scale. Nippon Telegraph and Telephone Corp (NTT) yesterday announced it will slash its workforce by 30,000 to
    AFP  -  228 words
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      215 1 #02-55/56/59 Wisma Atria n m ia a|■ Tel. 235 5325 MELWANI THE MEN'S FASHION STOKE *#01-25 Paragon By Sogo Tel: 732 2556 CONTENTS New? Companies S'pote News 2 Spore-Ms»a .9,10,11 Regional News 3.6 Financial 13.14 World News 7 Feature* Markets Analysß 27 Oob/KISE. SES 19.20 Editorial 26 "eg*)™ l 1'
      215 words
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      9 1 Regional Analysis C '/hinging Japanese politicians' tune Pg 25
      9 words
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      9 1 Hock Lock Siew Listing of NTUC Comfort Pg 9
      9 words
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      115 1 The Bottom Line tB 1995 fclU Impact of industrial iftifle BtajJPii Asia can be sure there will be no Fortress Europe, Back Pg I* NEW. *1 THE OLDEST JOINT IN SINGAPORE. |g||j A \5«. H 8f Or is it old, the newest joint in town? Whatever it is, H you'll
      115 words
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      20 1 1 -—i fjTWV-'i 3 fa<»r.iOioPnH AVAILABLE AT LEADING Q STORES OPTICAL SHOPS ">> IVIWIAR Region's response (o yen's rise, Pg 3
      20 words
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  • SINGAPORE NEWS
    • eye on the ECONOMY
      • Article, Illustration
        Lock icon No cause for worry yet
        339 2  -  By Anna Teo THE Consumer Price Index (CPI) edged up in January, starting the year on a 2.5 per cent increase over Januarv 1992. Pegged at 100 during September 1987-August 1988. the CPI rose to 114.3 last month, up 0.7 per cent over December. The
        Source: Dept of Statistics  -  339 words
    • Article
      Chinese trade mission arriving next week
      220 2 LOCAL INVESTORS will be introduced to opportunities in the Chinese city of Yixing in Jiangsu province next week when a high-level delegation from the city visits Singapore. Although Singaporeans have invested in other cities in Jiangsu, such as Nantong and Lianyungang, Yixing is relatively
      220 words
    • Article
      Value of S'pore investments overseas up 11pc
      652 2  -  Direct investments the main area of growth By Anna Teo THE market value of Singapore's investments overseas as at end-1990 was $30.8 billion. 11 per cent higher than the cost or nominal value. The Department of Statistics (DOS), which yesterday released a full
      652 words
    • Article, Illustration
      Lock icon S'pore's KFC wins customer satisfaction contest
      298 2 THE CUSTOMERS were not for real, but to the serving crews at the Kentucky Fried Chicken outlet at the World Trade Centre yesterday, it was still serious business. For the crews, representing Hawaii, Hongkong. Malaysia and Singapore, were vying to offer "101 per cent
      Photo by Chris Loh  -  298 words
    • Article
      Poorest families to foot only quarter of proposed tax
      420 2  -  Goods and Services Tax By Chuang Peck Ming THE POOREST two-fifths of Singapore households will foot only a quarter of the proposed goods and services tax, says a study by Toh Mun Heng of the National University of Singapore. The middle-income
      420 words
    • Article
      No cascading effect on taxable persons
      384 2 f JRAS^ This is a daily column of the Inland Revenue Authority of Singapore to promote understanding and discussion of the GST Taxable persons PEOPLE who have annual business turnovers of $1 million or more are required to register for GST. They are referred
      384 words
    • Article
      Stamford Tyres sets up subsidiary in Tianjin Duty Free Zone
      161 2 SESDAQ-listed Stamford Tyres Corp has set up a whollyowned subsidiary in Tianjin Dut> Free Zone, China, to carr> out wholesale and retailing of tyres and related products. The subsidiary, Stamford International Trading (Tianjin) Co, has a paid-up capital of L'Ss2oo,ooo
      161 words
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      151 2 II jp, i* i MEN'S WEAR pi 'We serve food that s centuries old. i |j c?4nd music not a day younger. Centuries ago, the chefs who created the cuisine for their H J iH' 1 jm l Maharajas lavished their talents to please their Highnesses. Those who succeeded in
      151 words
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  • THE REGION
    • Article
      A boon for some, a pain for others
      707 3  -  Reactions to the rising yen Reports from Maggie Ford in Indonesia, Al Labita in the Philippines, Leslie Lopez in Malaysia, Andrew Cooke in Thailand and Catherine Ong in Hongkong THE SUDDEN rise of the yen has met mixed reactions in Asia. For
      707 words
    • Article
      Surge may not benefit S'pore exporters much
      607 3  -  By Schutz Lee SINGAPORE The surge in the yen may make Singapore products cheaper in Japan but the adverse impact of a stronger yen on the Japanese economy may offset any benefit to local exporters. N Taguchi, managing director of the Singapore office
      607 words
    • Article
      Japanese shopping spree? Not likely, say S'pore retailers
      237 3  -  By Hong Lee Tiam SINGAPORE Businesses that depend on Japanese tourists are pleased at the rise in the yen, though most don't expect it to have a major impact on sales. Louis Vuitton store manager Cheng Puar said the stronger yen was
      237 words
    • Article, Illustration
      Lock icon Diminished investment appeal a blessing in disguise for Thailand, says Deputy PM
      492 3 Reuter BANGKOK Thailand's diminished investment appeal is a blessing in disguise because it has allowed Bangkok to pour state money into infrastructure without having to worry about inflation. Deputy Prime Minister Amnuay Viravan said in an interview on
      Reuter  -  492 words
    • Article
      Lock icon KL business body urges greater Asean commitment to Afta
      220 3 Bernama AFP KUALA LUMPUR The National Chamber of Commerce and Industry of Malaysia (NCCIM) feels that Malaysia's Asean neighbours should show stronger commitment to the formation of the Asean Free Trade Area. Its president. Wan Azmi Wan Hamzah. said yesterday that
      Bernama; AFP  -  220 words
    • Article
      Lock icon Steep rise but it's not enough to check trade surplus: analysts
      581 3 Reuter Bloomberg Business News WASHINGTON The sudden. steep rise of the Japanese yen is good news for the world economy, analysts say. but a further advance is necessary to help rein in Tokyo's soaring trade surplus. They urged economic
      Reuter; Bloomberg Business News  -  581 words
    • Article
      Lock icon Usno rejects coalition offer by PBS
      255 3 AFP KUALA LUMPUR A Mus-lim-based party in Malaysia's ruling coalition yesterday rejected an offer to join the Christian-led Sabah state government after it struck a compromise with Prime Minister Mahathir Mohamad. The United Sabah National Organisation (Usno) decided to remain within the 14-mcmbcr National
      AFP  -  255 words
    • ASIA NOTES
      • Article
        Lock icon Nunukan Island seeks investors
        84 6 Bernama-Xinhua JAKARTA The East Kalimantan authorities welcome foreigners, especially from Singapore and Brunei, to invest in Nunukan Island, off the northern coast of East Kalimantan. East Kalimantan governor H M Ardans has told officials and businessmen that the island would be attractive to investors because of
        Bernama-Xinhua  -  84 words
      • Article
        Lock icon Laureates won't change policy: Yangon
        77 6 UPI BANGKOK Myanmar's military junta yesterday accused a group of Nobel Peace Prize winners of "siding with armed terrorist insurgents" and said the laureates' campaign against the regime would not force it to change its policies. "The activity of the Nobel laureates is an abnormal
        UPI  -  77 words
      • Article, Illustration
        Lock icon Post-exam blues
        43 6 Reuter SEOUL South Korea's police arresting parents who paid thousands of dollars to brokers to find bright students to sit in for the college state entrance examination last year in placa of their own children, who would likely have failed. Reuter
        Reuter  -  43 words
      • Article
        Lock icon Laotian president, PM named
        73 6 AP BANGKOK The Laotian National Assembly on Monday elected Nouhak Phoumsavan the country's president and chose Khamtay Siphandone as prime minister, the official Vietnam News Agency said. Mr Nouhak had been serving as president of Laos since the death in November of his predecessor, Kaysone Phomvihane.
        AP  -  73 words
      • Article
        Lock icon M'sian army to get more firepower
        71 6 AFP KUALA LUMPUR The Malaysian army is to improve its firepower to offset an increasingly acute shortage in manpower, army chief Abdul Rahman Hamid was yesterday quoted as saying. "We are short of 500 to 700 recruits per intake done semi-annually. The shortage will
        AFP  -  71 words
    • Article, Illustration
      Aussie coalition pledges to strengthen trade ties with Asia
      529 6  -  From I Florence Chong in SYDNEY THE Opposition coalition, which is gaining the odds to win office in next month's Australian election, has reiterated the present government's policy on trade with Asia. Launching the LiberalNational parties' trade policy in Sydney yesterday.
      529 words
    • Article
      Lock icon Aussie hotel market thriving on foreign interest
      336 6 Bloomberg Business News SYDNEY The Australian hotel property market, fuelled by a surge in international investment, is expected to see its highest level of liquidity since 1988 this year, according to property firm JLW TransAct. "The first weeks of 1993 have set the
      Bloomberg Business News  -  336 words
    • Article
      Lock icon Conservatives hurt by leaked report
      527 6 AFP SYDNEY The conservative coalition campaign to win Australia's March 13 poll suffered its first major setback yesterday with publication of a leaked report suggesting it may be unable to fund election promises. The report by US merchant bank Salomon Bros argues that the national
      AFP  -  527 words
    • Article
      China suspends Aids tests on visitors to Guangdong
      325 6  -  From Catherine Ong in HONGKONG CHINA has suspended random Aids tests introduced recently at border checkpoints in Guangdong province following a storm of protests from Hongkong visitors. The tests were imposed on frequent travellers, most of whom are businessmen from Hongkong, Taiwan
      325 words
    • Article
      Lock icon Chinese communist party orders press to toe official line
      347 6 AFP BEIJING All Chinese journalists must toe the official Communist Party line and inspire the people to work for economic growth. Party propaganda chief Ding Guan Gen also called for better "surveillance by the press," but made clear that its watchdog
      AFP  -  347 words
    • Article, Illustration
      Lock icon Resort life comes to Christmas Island
      59 6 Reuter CHRISTMAS ISLAND Resort director Herman Gani showing off the new Ass 2 million (S$S7 million) Christmas Island Resort being completed on the Australian territory 360 kilometres south of Indonesia. The resort, which is likely to appeal to jaded jet-setters in search of new
      Reuter  -  59 words
    • Article
      Lock icon China passes its first product quality and trademark laws
      176 6 Bloomberg Business News HONGKONG China's top lawmakers have approved the country's first product quality and trademark laws in an effort to bring Chinese trade practices more in line with international standards, the official China Daily reported. Following eight days of debate,
      Bloomberg Business News  -  176 words
    • Article
      Lock icon Indian state's chief minister resigns over Bombay riots
      263 6 Reuter NEW DELHI THE chief minister of India's western state of Maharashtra, widely criticised over his handling of Hindu-Muslim rioting in Bombay last month, resigned on Monday, Indian news agencies said. Sudhakarrao Naik. the top elected official in Maharashtra, told reporters after
      Reuter  -  263 words
    • Article
      Lock icon Roh urges South Koreans to rally behind new president
      351 6 Reuter SEOUL Outgoing South Korean President Roh Tae Woo yesterday urged the nation to rally behind the new government with belts tightened and sleeves rolled up. In his final news conference as head of state, he said the nation should help
      Reuter  -  351 words
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      Page 3 Advertisements Column 1
      64 3 A Breguet watcn. The very private reward. Singapore: THE HOUR GLASS Lucky Plaza Tel. *****20/1 Scotts Tel. *****27/7198 Centrepoint Tel. *****98/603 Peninsula Plaza Tel. *****09/*****63 Palais Renaissance Tel. *****62/543 Raffles Tel. *****41 Malaysia: THE HOUR GLASS Lot 10 Centre, Kuala Lumpur Tel. 03-*****20/932 Yow Chuan Plaza. Kuala Lumpur Tel. 03-*****14/24
      64 words
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      440 4 m a BOongraitiilatioiis j to j Savni Properties j Pte Lfd j Pike Topping Quit j OBAYASHI j OB AY ASH I CORPORATION J Singapore Office 1 Coleman Street #09-05 The Adelphi, Singapore 0617 Tel: *****22 Fax: *****25 nmi\m flH| w i 21 Collyer Quay. #12-01 Hongkong Bank Building, Singapore
      440 words
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      222 5 Rider Hunt Levett Bailey and the jM.-, rAfrvrvr"! r\n Mr Takumi Nagata Mr Ong Beng Seng L J CV' yCV AAA M C. AVJ A A President, Kowa Real Estate Managing Director, Reef Holdings O -O Today, the finest building in the business district takes final shape A premier office
      222 words
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      57 6 For I hose With CuriflfflETJff I he unique Mend ol esiern euisine^^^gs^B and ()ricntal recipes to tantalise \ou in this set-lunch with a Hors l>'()eu\re (smoked salmon, shrimp, barbecued pork cV centur\ hicken (chicken meat a Wjm Jt Chinese JHfl Mfl m Madeira sauce i... on this The l ast
      57 words
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  • THE WORLD
    • Article
      Lock icon Clinton unveils plan to boost US technology development
      318 7 Knight-Ridder Reuter MOUNTAIN VIEW, California US President Bill Clinton has unveiled a technology initiative that offers business new incentives and promises to redirect government research money to help industries and schools take advantage of hightech innovations. He unveiled the plan during a
      Knight-Ridder; Reuter  -  318 words
    • Article
      Lock icon US posts January budget surplus, thanks to switch in payment dates
      311 7 Reuter WASHINGTON The US government had a sizable budget surplus in January, largely due to early Social Security payments, the Treasury' reported on Monday. Some payments to Social Security recipients generally made in January were instead made in December.
      Reuter  -  311 words
    • Article
      Lock icon Officer corps in Russia said to be corrupt
      106 7 Reuter m. MOSCOW Defence Minister Pavel Grachev yesterday accused a large part of Russia's officer corps of being sullied by corruption. He said 3,000 officers, including two regional commanders, had been disciplined for introducing their own notion of market reforms to military
      Reuter  -  106 words
    • Article
      Lock icon French PM vows to veto EC-US oilseeds deal
      286 7 AP PARIS French Premier Pierre Beregovoy has warned European Community officials that France will use its veto right next month to oppose a proposed oilseeds agreement between the US and the EC. "It is time for Europe to send a warning to
      AP  -  286 words
    • Article, Illustration
      Lock icon Have gun will travel
      45 7 Reuter PLOCE, Croatia Canadian soldiers serving in the UN contingent checking the turret of their armoured car on Monday. Their unit is to leave for central Bosnia to secure an area for 900 other Canadian UN troops on convoy duty. Reuter
      Reuter  -  45 words
    • WORLD WATCH
      • Article
        Lock icon Pentagon studying non-lethal weapons
        67 7 AFP WASHINGTON The Pentagon is reportedly taking a new look at "non-lethal weapons", including those that would disorient enemy troops without killing them or render airstrips and communications facilities inoperable. The maga/ine Aviation Week and Space Technology said the US Defence Department was modifying some missiles
        AFP  -  67 words
      • Article
        Lock icon Arms ship heading for Somalia: report
        58 7 AFP WASHINGTON A Greek ship loaded with Serbian weapons is headed for Somalia, possibly breaking two UN embargoes. The New Y( >rk Times said yesterday quoting unnamed Clinton administration officials. The ship changed its name from Maria to Bana I in an apparent attempt
        AFP  -  58 words
      • Article
        Lock icon US faces mammoth medical bill
        58 7 AP CHICAGO Unhealthy habits and violence cost the US more than U5542.9 billion (5570.8 billion) in direct medical expenses every year, the American Medical Association estimated in a report released on Monday. Related expenses such as lost productivity boost the total to more than US$lB9
        AP  -  58 words
      • Article
        Lock icon UN inspectors call off Scud search
        65 7 Reuter BAGHDAD Two teams of United Nations weapons inspectors left the Iraqi capital yesterday after the most intensive hunt they have yet mounted apparently failed to locate Scud missiles. The teams rushed to three military' installations on Monday to check what they called very
        Reuter  -  65 words
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      163 7 The Bottom Line: Will high-tech industries kill free trade? Back Pg re< M rW I'you've ever wished that you could leave the capital to someone reliable and just concentrate on your N 0 service required PtioneNet, which works like a PABX but is housed in enhancement about equipment failure, maintenance
      163 words
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  • WORLD FOCUS
    • Article, Illustration
      Lock icon Washington visit seen as political boost for British PM
      653 8 The days ahead for John Major Tories' bid to help Bush in polls may mean strained ties with Clinton AP LONDON (AP) In spite of the embarrassment of his party's efforts to keep US President Bill Clinton from winning the election,
      AP  -  653 words
    • Article
      Lock icon Britain's economy slides into 10th quarter of recession
      420 8 FT LONDON Falling output in manufacturing and services dragged Britain into its 10th quarter of recession at the end of last year, making this the longest period of economic decline since World World 11. Although increased oil and gas production resulted in
      FT  -  420 words
    • Article, Illustration
      Lock icon UK gripped by national mood of pessimism
      728 8 AP LONDON Britons still think he's nice, but not much else is going right for Prime Minister John Major. A devalued currency, unemployment at a five-and-a-half-year high of 10.5 per cent and royal scandals have combined with three years of recession to induce
      AP  -  728 words
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      289 8 The Re^^ited aims for the right media and the right company. Classified the people finder. THE STRA/TS TIMES THE SUNDAY TIMES BUSINESS TIMES THE NEW PAPER UANHE ZAOBAO UANHE WAN6AO SHINMIN DAILY NEWS BE RITA HARLAN BERITA MINGGU If Results of tender for taxable book-entry Government Bond 1993 due 1
      289 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon S'pore group plans to invest $80m in Viet power plant
      605 9  -  Power-packed consortium comprises Sembawang unit, Intraco, PUB arm By Harish Mehta SINGAPORE A consortium of three major Singapore companies is planning to invest about $80 million in building a power-generation plant in Vietnam. It is also negotiating for other power
      Source: Vietnam Ministry of Energy  -  605 words
    • Article
      Alliance Tech takes 80pc stake in UK contact lens maker
      307 9  -  By Quak Hiang Whai SINGAPORE Alliance Technology and Development said yesterday that it had agreed to take over 80 per cent of the enlarged capital of UKbased contact lens maker Igel International Ltd. Alliance said it reached agreement with Igel,
      307 words
    • Article
      Inaccuracies in article on the Quadrant
      241 9  -  LETTER TO THE EDITOR Anna Yu Secretary of DL Properties Pte Ltd on behalf of shareholders DBS land Ltd Straits Steamship Land Ltd Sumitomo Corporation (Singapore) Pte Ltd YOUR Hock Lock Siew column on the Quadrant (BT, Feb 18) was filled with inaccuracies which
      241 words
    • Article
      NTUC Comfort comes of age with plan to seek a public listing
      743 9  -  HOCK LOCK SIEW By Dexter Lee SINGAPORE NTUC Comfort, the largest taxi operator in Singapore, has grown up. And like a young adult, the 22-year-old wants to widen its horizon and test the limit of its ability. It
      743 words
    • Article
      BATS earnings up 18pc on improved margins, exports
      380 9  -  By Genevieve Cua SINGAPORE Net earnings of British American Tobacco Co (S) rose 18 per cent to $35.2 million in 1992. spurred by stronger domestic margins and export sales. Turnover rose a modest 5 per cent to $309.7 million, but chairman Julian
      380 words
    • Article
      Noel's shares 47.8 times subscribed
      72 9 SINGAPORE Noel Gifts International's initial public offering of 10 million shares was 47.8 times subscribed at the close of applications yesterday. DBS Bank, the manager of the issue, will conduct public balloting today to determine the successful applicants. Noel, which is in the business of
      72 words
    • Article
      DIVIDENDS ANNOUNCED
      290 9 Payment Ex Books Pay date close date Asia Pacific F 16 Feb 4 Feb 16 Feb 24 Avimo 20* F I2.5TE Feb 17 Mar I Apr 15 Berjaya Group I 4 Mar 18 Apr 2 Apr 15 Berjaya Ind I 3 Mar 4 Mar 18 Apr 8 Berja\a
      290 words
    • Article, Illustration
      Lock icon SUMMARY
      363 9 Source: Bridge Info Performance of STII's index stocks Feb 23 last s«« Ia4r\ Stock sal* h« factor i (S) (S) S Atimo 2.010 0 140 1.67 903 ("AC 7 300 0 150 608 968 Ccrcbos 4 <>40 0 020 4.11 1.29 FAN II 500 0 100 9 58 645
      Source: Bridge Info  -  363 words
    • COMPANIES
      • COMPANY BRIEFS
        • Article
          HSBC (S) Nominees' stake
          47 10 SINGAPORE HSBC (Singapore) Nominees Pte Ltd eurrently holds a substantial stake in Robinson Co. As a custodian bank holding the shares on behalf of its customers, the Hongkongßank subsidiary has 8.24 million shares or 13.8 per cent of the issued capital of Robinson.
          47 words
        • Article
          Lock icon Menang unit raises stake in Samanda
          84 10 Reuter KUALA LUMPUR Menang Corp (M) Bhd said its whollyowned subsidiary, Menang Equities (M) Sdn Bhd, has purchased in the open market another 3.515 million shares in Samanda Holdings Bhd at an average M 53.50 per share. Menang Equities had earlier bought a total
          Reuter  -  84 words
        • Article
          Lock icon Higher local content for Proton Saga
          122 10 Bernama PETALING JAYA Perusahaan Otomobil Nasional or Proton will be able to increase the local content of the Proton Saga to 80 per cent from 69 per cent currently, upon completion of its new casting plant by the middle of next year. Its deputy
          Bernama  -  122 words
      • Article
        Genting, Metroplex in Subic Bay tie-up
        301 10  -  Joint-venture firm to build USsloom casino-hotel By William Chia SINGAPORE Malaysia's Genting group and property company Metroplex Bhd have formed a joint-venture firm to develop a USSIOO million (SSI63 million) casino-hotel complex at Subic Bay in the Philippines. Metroplex announced yesterday that the joint-venture
        301 words
      • Article
        Bank Bali turns in sparkling profit of 58b rupiah
        321 10  -  From Maggie Ford in JAKARTA BANK Bali has turned in a full-year result that should lift the spirits of investors worried by recent problems in the Indonesian banking sector. The bank reckoned by analysts to be among the best managed and
        321 words
      • Article
        Lock icon KLSE surge fuelled more by speculative buying than by blue chips: analysts
        602 10 MARKET WATCH Reuter KUALA LUMPUR Malaysia's stock market is enjoying a sharp surge in trading volume but some analysts say speculative shares not blue chips are driving up the market. Frenzied buying, fuelled by old and new rumours
        Reuter  -  602 words
      • Article
        C & C Bintang to buy 30pc stake in Cycle & Carriage (M)
        396 10  - C C Bintang to buy 30pc stake in Cycle Carriage (M) From Rahita Elias in KUALA LUMPUR VLHICLL distributor Cycle Carriage Bintang Bhd (C C Bintang) plans to buy a 30 per cent stake in sister company Cycle Carriage (M) Bhd for some MS 10 million (556.2 million) to boost
        396 words
      • Article, Illustration
        Lock icon Tenaga willing to end monopoly over Malaysia's electricity supply
        597 10 Reuter KUALA LUMPUR Malaysia's utility giant Tenaga Nasional Bhd. under fire for a series of blackouts recently and weighed down by debt, is willing to end its monopoly over electricity supply if the government decides so. company officials say. "We are
        Reuter; Router photo  -  597 words
      • Article
        Lock icon Profits of Japanese MNCs take a tumble
        491 11 Wires TOKYO Japan's Matsushita Electric Industrial Co Ltd said yesterday its global earnings before tax tumbled 60 per cent from a year earlier to 50.2 billion yen (*****.9 million) in the three months to December. Matsushita's sharp fall in profits was reflective of
        Wires  -  491 words
      • Article
        Lock icon Matsushita president resigns over loan fraud
        306 11 Reuter OSAKA Matsushita Electric Industrial Co Ltd president Akio Tanii resigned to take responsibility for a subsidiary's part in Japan's biggest ever loan fraud case. National Leasing Co Ltd, a 100 per cent owned subsidiary of Matsushita, made loans to an Osaka restaurant owner
        Reuter  -  306 words
      • Article
        Toshiba sets up new company in Malaysia
        173 11  -  By R Sivanithy SINGAPORE Leading Japanese electronics Arm Toshiba Electronics has set up a new company to handle its sales and marketing in Malaysia. The new venture will sell liquid crystal displays, semiconductors, colour television tubes, integrated circuits and other electronic parts, Toshiba
        173 words
      • COMPANY BRIEFS
        • Article
          Lock icon Japanese trading firm in grave venture
          72 11 AFP TOKYO Japan's seventh largest trading company Tomen Corp has set up a stone processing venture in Fujian, south-east-ern China, to export grave stones to Japan, a spokesman said yesterday. The venture is capitalised at US$l.5 million, with 33 per cent invested by Tomen,
          AFP  -  72 words
        • Article
          Lock icon First Chinese firm to list in HK
          69 11 AFP BEIJING Ma'anshan Iron and Steel Co will be the first Chinese state-owned enterprise to be listed on the Hongkong stock exchange when it goes public in June, the Xinhua news agency said yesterday. Shares for mainland Chinese investors will be listed simultaneously
          AFP  -  69 words
        • Article
          Lock icon Mitsui to sell AT&T chips
          70 11 Bloomberg Business News TOKYO Mitsui Co, one of Japan's top trading houses, will start marketing semiconductor chips produced by AT&T Microelectronics of the United States in Japan in July, the Nikkei Sangyo industrial newspaper said yesterday. Mitsui will sell chips for use in portable telephones,
          Bloomberg Business News  -  70 words
        • Article
          Lock icon Mitsubishi car sales may hit 70,000
          72 11 Reuter BANGKOK Mitsubishi Motors Corp's Thai joint venture said its Thai car sales are expected to rise to about 70.000 this year from 46.324 in 1992. The Mitsubishi Thai unit Sittipol Co Ltd said the opening of its Laem Chabang assembly plant in the
          Reuter  -  72 words
      • Article, Illustration
        Lock icon Canberra injects A$1.35b into Qantas to cut its debt
        366 11 Bloomberg Business News CANBERRA The Australian government has given Qantas Airways A 51.35 billion (551.53 billion) to pay oil some of its debts ahead of the carrier's public float later this year. Finance Minister Ralph Willis said the debt payoff will
        Bloomberg Business News  -  366 words
      • Article
        Unilever profits hit record £2b
        349 12  -  From Ray Heath in LONDON ONE OF the founders of the Lever detergents dynasty once remarked that he knew that half of the money he spent on advertising was wasted. The problem was, he didn't know which half. Last year, the successor group the Anglo-Dutch
        349 words
      • Article
        Lock icon Sears set to raise US$800m from Dean Witter sale
        428 12 Reuter NEW YORK Sears, Roebuck Co was set to raise nearly US$BOO million (S$ 1.31 billion) by selling 20 per cent of its Dean Witter subsidiary on Monday after underwriters led by the brokerage firm set a price of US$27 a
        Reuter  -  428 words
      • Article, Illustration
        Lock icon Copycat suit
        64 12 Reuter WASHINGTON Press agent Charlie Brotman showing a copy of his letterhead and that of the New York Times, the subject of a lawsuit by the newspaper, at his Washington office on Monday. Mr Brotman said the suit by the Times demanding that he stop using the whimsical
        Reuter  -  64 words
      • Article
        Lock icon GM considering sale of Lotus unit
        411 12 Reuter DETROIT General Motors Corp is considering the sale of its unprofitable Lotus sports car unit, according to a published report. Automotive Nens says in its latest issue that Adrian Palmer, managing director of Lotus Cars Ltd, is one of several parties interested in
        Reuter  -  411 words
      • Article
        Lock icon Carmaker eyeing more Mexican investment
        243 12 Reuter SANTIAGO TIAN'GUISTENGO, Mexico The board chairman of Daimler-Benz praised Mexico's sweeping economic reforms and said the company would continue to expand its operations here. "Our group sees a bright and confident future for your country We have been increasing our investment in the last
        Reuter  -  243 words
      • Article
        Lock icon Goodyear Tire offers to buy out Goodyear Canada
        262 12 Bloomberg Business News TORONTO Goodyear Tire Rubber Co on Monday offered to buy out Goodyear Canada Inc's minority shareholders for Cs6s (5584.46) a share, Csl7 more than the offer that was rejected in June. Goodyear Tire, of Akron, Ohio, owns about 2.3
        Bloomberg Business News  -  262 words
      • COMPANY BRIEFS
        • Article
          Lock icon Wall St figures for Nordstrom too high
          76 12 Reuter SEATTLE Nordstrom Inc chief financial officer John Goesling said the company told analysts in a telephone conference call that Wall Street earnings estimates for its fiscal year ending Jan 31, 1994 were too lofty. The executive declined to comment specifically on Wall
          Reuter  -  76 words
        • Article
          Lock icon Howden raising £31m from rights issue
          67 12 Reuter LONDON Howden Group pic said it was setting a two-for-seven rights issue at 52p per share to raise £31.4 million net of expenses. It also announced it had bought Novenco Industries, which comprises five fan engineering subsidiaries of Danisco for the equivalent of
          Reuter  -  67 words
        • Article
          Lock icon ABB Asea wins US$30m power deal
          72 12 Reuter BADEN, Switzerland Zurich-based ABB Asea Brown Boveri Ltd said its Swiss ABB Power Generation unit had won an order for a combined cycle gas turbine plant from the city of Lausanne in Switzerland. The US$3O million turnkey project, which will go on stream
          Reuter  -  72 words
        • Article
          Lock icon Yorkshire Chem sets £24m cash call
          76 12 Reuter LONDON Yorkshire Chcmicals pic said it was setting a one-for-five rights issue at 330p per share to raise £24.3 million net of expenses. The rights issue is intended to help fund the group's £25 million capital expenditure programme over the next two years.
          Reuter  -  76 words
        • Article
          Lock icon Procordia still talking to Montedison
          78 12 Reuter STOCKHOLM Swedish food and drugs group Procordia AB is in the final phase of negotiations with Italy's Montedison Spa about a possible merger of two of their subsidiaries, a Procordia spokesman said. The Swedish business daily Dagens Industri, quoting Italian news reports, said the
          Reuter  -  78 words
        • Article
          Lock icon Cogema sells Pancontinental stake
          51 12 Reuter SYDNEY French state-owned energy group Cogema Australia Pty Ltd has sold its 10 per cent stake in diversified resources group Pancontinental Mining Ltd, company secretary Philip Black said. About 22.9 million shares were sold in a special sale yesterday morning at 98 Australian cents each.
          Reuter  -  51 words
        • Article
          Lock icon Better days for Grand Metropolitan
          44 12 Reuter LONDON Grand Metropolitan pic said it's seen definite improvements in its US markets since December. Chairman and chief executive Allen Sheppard told the annual general meeting increased consumer spending had boosted wines and spirits and food sales. Reuter
          Reuter  -  44 words
    • FINANCE
      • Article
        US court throws out Carrian affair suit against Bank Bumi
        411 13  -  From Leslie Lopez In KUALA LUMPUR AN AMERICAN court has dismissed a suit filed against Bank Bumiputra Malaysia Bhd over allegations that it tried to defraud minority shareholders and creditors of Hongkong's defunct Carrian Group. The suit was brought against
        411 words
      • Article, Illustration
        Lock icon Indian financial system needs reform
        478 13 Govt report calls for greater liberalisation and competition Reuter NEW DELHI India's financial system needs to be overhauled and financial institutions need to be freed from compulsory investment in government securities, the government's annual economic survey said yesterday. "What is required is a comprehensive reform
        Reuter  -  478 words
      • SMALL CHANGE
        • Article
          Simex member to increase its capital
          70 13 SINGAPORE NJI Futures, a member of the Singapore International Monetary Exchange (Simex), will increase its capital from $300,000 to $1 million from April to enable it to carry out a more aggressive sales strategy. NJI, formerly known as IBJ Futures. is a joint venture
          70 words
        • Article
          Lock icon Bank of Thailand to take firm to court
          67 13 Knight-Ridder BANGKOK The Bank of Thailand will file charges soon with police against the management of First City Investment, central bank assistant governor Jaroong Nookhwun said on Monday. Mr Jaroong was also quoted by the Bangkok Post yesterday as saying that people
          Knight-Ridder  -  67 words
        • Article
          Lock icon New rupiah banknote and coin
          74 13 AFP JAKARTA Bank Indonesia, the country's central bank, has announced the upcoming issuance of a new rupiah banknote and a new coin, the Antara news agency said yesterday. The new banknote, to be issued on March I, has a face value of 50.000 rupiah (about
          AFP  -  74 words
        • Article
          Lock icon BOJ sees surplus in money market
          81 13 Kyodo TOKYO Japan's money market will post a fund surplus of about 5.58 trillion yen (5578.12 billion) in March, the Bank of Japan (BOJ) forecast yesterday. Capital flow into the non-finan-cial sector will outstrip the recycling of such capital by 300 billion yen in
          Kyodo  -  81 words
        • Article
          Lock icon Swiss banks cut cash bond rates
          43 13 Knight-Ridder ZURICH The Union Bank of Switzerland and the Swiss Bank Corp. Switzerland's two largest banks, have cut their cash bond rates. Cash bonds are quality paper purchased by customers from banks with a guaranteed return. Knight-Ridder
          Knight-Ridder  -  43 words
        • Article
          Lock icon First Euro-Canadian dollar bond issue
          80 13 AFP MANILA The Asian Development Bank (ADB) said yesterday it has launched its first Euro-Canadian dollar public bond issue worth Cs2so million (about *****.57 million). The issue was managed by a syndicate led by Scotia McLeod Inc. the Philip-pines-based bank said in a statement. The
          AFP  -  80 words
      • Article
        Why UOB plans Shanghai branch
        224 13  -  By Quak Hiang Whai SINGAPORE The Lnited Overseas Bank group aims to promote track and investment between Shanghai, Singapore and the Pacific Rim through the branch it has applied to set up in the Chinese city. A LOB spokesperson said yesterday the propped branch would
        224 words
      • Article
        Lock icon Taiwan to allow foreign insurers
        142 13 Reuter TAIPEI Taiwan will fully open its insurance market to foreign companies later this year as it prepares to enter the General Agreement on Tariffs and Trade (Gatt). the finance ministry said yesterday. Insurers from Japan, Europe and all other Gatt nations will be permitted
        Reuter  -  142 words
      • Article
        Market deregulation set to offer big opportunities
        422 13  -  1993 Asia-Pacific Fund Management Conference By Magdalene Ng SINGAPORE Fund management in South-east Asia will grow substantially as governments liberalise their markets and overhaul regulations, a conference was told yesterday. Indonesia, Thailand. Malaysia and the Philippines were all engaged in moves that would
        422 words
      • Article, Illustration
        NatWest raises provisions for bad debts to £1.9b
        413 14  -  From Ray Heath in LONDON THE UK's long and deep recession is continuing to pile up bad debts for some of its leading banks. National Westminster. one of the Big Four clearing banks, yesterday blamed problems suffered by its smaller business customers
        413 words
      • Article
        Lock icon Aussie bond market banks on opposition win: analysts
        394 14 Knight-Ridder SYDNEY Australian bond market investors are anticipating, mid-way through the current election campaign, an opposition party victory and low inflation this decade, analysts said. "The market is getting excited about a Hewson victory," said New South Wales Treasury Corp economist Richard
        Knight-Ridder  -  394 words
      • Article
        Lock icon China repeats vow not to devalue renminbi
        197 14 UPI BEIJING The skyrocketing value of the US dollar in China in the last month has alarmed economic officials, who have nevertheless vowed not to lower the official rate of the renminbi against the dollar, an official dispatch said yesterday. Economic experts meeting
        UPI  -  197 words
      • Article
        Lock icon Prudential buys European property management firm
        472 14 Group widening real estate investment services abroad Bloomberg Business News NEWARK, New Jersey Prudential Insurance Co of America, in a bid to expand its overseas real estate investment services, said it bought the European unit of global fund manager Invesco MIM pic for £2
        Bloomberg Business News  -  472 words
      • Article
        Toyota launches jumbo US$1.5b fixed-rate Eurobond
        385 14  -  By Dawn Tan SINGAPORE Japan's Toyota Motor Corporation yesterday floated a USSI.S billion (552.43 billion) fixed-rate Eurobond in London, one of the largest of its kind. It is Toyota's second Eurobond in nine months. Industry sources said the new five-year bond is jointly lead
        385 words
      • Article, Illustration
        Banque Indosuez REGIONAL CURRENCY REPORT
        135 14 The US$/S$ opened a touch lower yesterday at 1.6400/05. Range trading prevailed with pivot rate at 1.6405. Demand for the US$/S$ was again generated by eorporates selling S$ for foreign currencies, especially the yen. US$/M$ was again trading a narrow range yesterday as interest in
        135 words
      • Article
        Lock icon London
        197 14 Bloomberg Business News LONDON The dollar ended lower against the deutschemark and almost 2 pfennigs down from its intraday high at 1.6312 marks amid signs US consumer confidence is waning, traders said. The US Conference Board said its consumer confidence index dropped a steeper-than-ex-pected 8.2 points in February to
        Bloomberg Business News  -  197 words
      • Article
        Crude oil futures prices rise
        421 14 Bloomberg ENERGY REPORT LONDON Oil futures prices in London and New York rose for the second day as higher gasoil prices in Europe, implementation of Opec output cuts, and perceptions that markets are looking bullish for the second quarter, pushed prices to a three-month high.
        421 words
      • Article
        Lock icon New York
        97 14 AFP NEW YORK The dollar rose against other major currencies yesterday morning, bouncing back as the market awaited the outcome of the G7 finance ministers' meeting at the end of the week. At about 9 am. the dollar traded at 116.75 yen, up from 116.05 on Monday, following
        AFP  -  97 words
      • Article, Illustration
        Untitled
        1530 14 I raJx-mtfhlnJ tmU'\ i ahulahxl atamst S'pme\ top 14 tradint partner* Bay i i iif /<WS US$/S$ forward rates Noon Feb 23 ss Bid Oder 1-month 1.6312 1.6397 2-month 1.6369 1.6384 3-month I.63S9 1.6374 6-month 1.6328 1.6348 Sourer OCB( Source: OCBC FOREIGN CURRENCY NOTE RATES As at 10m yesterday: Singapore
        1,530 words
    • COMMODITIES
      • Article
        Lock icon Producers seek ways to get Alaska's natural gas to the Pacific Rim
        622 15 Platts ANCHORAGE A committee of Alaska's largest natural gas producers Atlantic Richfield, Exxon and British Petroleum is working to resolve complex economic and technical issues that stand in the way of exporting North Slope gas to the Pacific
        Platts  -  622 words
      • Article
        Lock icon Russia warns EC of dangers in setting aluminium quotas
        377 15 Reuter BRUSSELS Russia warned the European Community on Monday that any move to set aluminium export quotas on the former superpower would backfire with military danger as well as lower worid prices for the strategic metal. Pavel Smirnov, counsellor at the
        Reuter  -  377 words
      • Article
        Lock icon India's biggest oil firm spending US$2b to develop new fields
        553 15 Reuter BOMBAY India's biggest oil companv plans to spend US$2.l billion (553.3 billion) to develop new oil fields off Bombay and reverse sagging output, a spokesman for the company said yesterday. India's Oil and Natural Gas Commission (ONGC) has begun
        Reuter  -  553 words
      • Article
        Lock icon Cool economy, hot weather melt chocolate sales in Europe
        398 15 Reuter LONDON Economic slowdown and hot weather across Europe are combining to weaken the normally stable chocolate market despite strong rises in cocoa processing. Two major European cocoa grinders, the Netherlands and Germany, published 1992 third-quarter grind figures the standard measure
        Reuter  -  398 words
    • COMMODITIES & FUTURES
      • Article
        Lock icon Simex Eurodollars, Nikkei end firmer
        1477 16 SIMEX REPORT Reuter SINGAPORE Simex Eurodollar interest rate futures ended marginally higher in cautious range-bound trade. "The market is tense because they are uncertain where the Euros are headed now. The strength of the bond market is making them nervous and it's reached a stage
        Reuter  -  1,477 words
      • Article
        KL tin price weakens in lower turnover
        1015 16 COMMODITIES REPORT Tin TIN price on the Kuala Lumpur Tin Market fell marainally by two sen to close at MS 14.89 per kg in very quiet trading yesterday. Market sentiment remained easier with locals accounting for yesterday's turnover of 13 tonnes, sharply lower
        1,015 words
    • Article
      COMMODITY PRICES
      1703 16 Rubber Feb 23 HAS Com mo dity Exdiai tgt (futa m ctosl ng as at 1pm) MS (physical prte H) RSS 1 Contract (S cents/kg) Buyers Seders (lose Volume Open As at 12 noon (S cents/kg) Month High Low Sett (tonnes) Interest RSS 2 Mar 93 ***** I4I
      1,703 words
    • REGIONAL STOCK MARKETS
      • Article
        Australia
        1176 17 +3.3 THE share market closed barely higher after afternoon profittaking reduced early sharp tains. Strong gains on Wall treet, an early bond market rally and confidence that the Coalition will win the March 13 federal election underpinned an early 7.1 -point rise. The All Ordinaries Index closed 3.3 points
        1,176 words
      • Article
        Manila
        500 17 +3.05 Share prices closed slightly higher despite some profit-tak-ing, but they may go through some more correction later this week, analysts said. The Manila Composite Index firmed 3.05 points to end at 1,474.92. Analysts had predicted prices would be softer because of an expected correction and profit-taking, but the
        500 words
      • Article
        Taipei
        609 17 -26.95 Share prices finished lower in volatile trade after heavy profittaking in the last half-hour erased early gains. The Weighted Index, which briefly broke above 4,200 points at midmorning, ended 26.95 down at 4,071.49. Turnover was a heavy NT555.2 billion against Monday's NTS6I.S billion. Financials led early gains on
        609 words
      • Article
        New Zealand
        279 17 17.28 Gains in the market's two largest shares, Telecom and Carter Holt Harvey, pushed the NZSE--40 Capital Index sharply higher in a moderately traded session. The index finished 17.28 points higher at 1,580.48 on a volume of NZ$2O.9 million. Brokers said there was good demand throughout the session
        279 words
      • Article
        Seoul
        419 17 1.91 Stocks closed slightly firmer despite profit-taking on large-capi-talisation shares, especially financial counters, brokers said. They said trading focused on financial and low-PER shares. "Today was really a tug-of-war between financial and low PER shares. If there was any buying of financial counters, then low PERs were sold and
        419 words
      • Article
        Bombay
        90 17 +38.31 Stock prices were up slightly but there was anxiety over the protest rally being sponsored by the Bharatiya Janata Party. The BSE Index rose 38.31 points to 2,746.65 and the National Index was up 9.72 to 1,225.79. "The reports of preparations for the rally are causing nervousness just
        90 words
    • WORLD STOCK MARKETS
      • Article
        London
        594 17 -20.3 UK equity prices closed lower yesterday, weighed down by declines in specific sectors as the spring corporate results season began. The FTSE 100 Index of leading shares finished 20.3 points lower at 2.818.0 on moderately encouraging volume of 597.8 million shares. Dealers said they expected the market would
        594 words
      • Article
        Paris
        105 17 -15.1 Profit-taking after Monday's 1.14 per cent rise and weaker bond prices drove French shares to close under the psychologically important 1,950 level yesterday, traders said. The CAC-40 Index closed down 15.10, or 0.77 per cent, at 1,944.13. Volume was around 2.8 billion francs. Paris trb U Fr \ir
        105 words
      • Article
        Stockholm
        134 17 -0.79 pc Renewed falls by pharmaceutical firm Astra and disappointment over Handelsbanken's 1992 results were the millstones that dragged the Stockholm bourse to a lower close yesterday, but industrials bucked the trend. The all-share index closed down 0.79 per cent at 984.08 points. Astra's A and B-shares accounted for
        134 words
      • Article
        Milan
        157 17 +o.lBpc Fiat's recovery after losses made on Monday on the arrest of two executives helped pulled the bourse slightly higher yesterday, but political tensions besetting the market show no sign of letting up. Dealers said Prime Minister Giulian Amato's decision to call a confidence vote later this week had
        157 words
      • Article
        Amsterdam
        236 17 -0.28 Dutch shares retraced early gains to close lower yesterday as a decline in the dollar and UK and US shares plus a slow-down in the Dutch bond market rally caused investors to quit the market, traders said. The EOE Index closed down 0.28 point at 302.78 after closing
        236 words
      • Article
        Zurich
        250 17 -20.6 A sell-off in chemical and pharmaceutical shares hit the Zurich bourse which closed almost 1.5 per cent lower in active trade yesterday. The broad SPI Index fell 20.6 points to 1,262.1 and the blue-chip SMI Index lost 45.4 to 2,050.4. Dealers said US President Bill Clinton's plans for
        250 words
      • Article
        Frankfurt
        199 17 -1.14 pc German share prices slid in a technically-driven consolidation yesterday. Investors began taking profits after several days of gains when prices showed signs of weakness at the start of trading yesterday, traders said. The DAX 30-share blue chip index began the day slightly weaker and tended lower throughout
        199 words
      • Article
        Brussels
        150 17 -0.59 Belgian shares closed fractionally lower in moderate trade yesterday as retailer Dclhaize's recent slide continued, dealers said. The Bel-20 Index of leading shares closed 0.59 points, or 0.05 per cent, lower at 1,210.26 points with 1.055 billion francs worth of Belgian shares traded. Delhaizc. still at 1,274 francs
        150 words
      • Article
        Johannesburg
        342 17 -9 South African shares continued weak in the afternoon session to end softer yesterday amid a lack of fresh factors and minimal investor interest. "Sentiment is looking a little weak like the South African cricketers," a senior dealer said, referring to the hammering the local team was receiving from
        342 words
      • Article
        Toronto
        299 17 +21.36 Toronto stocks edged up in quiet early trade yesterday with precious metals posting solid gains on a morning rise in gold prices, traders said. The gold and silver sector jumped 65.04 points, or 1.12 per cent, to 5.886.17. The TSE-300 Index climbed 6.24 points to 3,453.91 on volume
        299 words
      • Article
        New York
        737 17 +20.81 Wall Street share prices fell yesterday in active trading after news of a sharp fall in US consumer confidence in February. At 11 am (1600 GMT) the Dow Jones Industrial Index was down 2.99 points at 3,340.00 in very heavy trading, with some 105 million shares changing
        737 words
      • Article
        Untitled
        719 17 Britannia Funds i Merit* Cask Bid Oder Mim ap Efcposit 3*3*00 38 3700 Mim Jeney OilT. *0.1179 ****** MimMu Income I 0100 I 0500 I S$ C ask Income Plus Fund *9 7700 *10 2900 PS I Reserve Fund ***** 5 2000 Sterling tqain Euro Performance .0.461J 0 4960 Far
        719 words
    • Article, Illustration
      Lock icon HONGKONG
      2959 18 Reuter SHARES closed sharply lower on profit-taking, triggered by a lack ot news on resolving a SinoUK row over Hongkong's political reforms. The blue-chip Hang Seng Index ended 82.69 points lower at 6.149.19. The broader All Ordinaries ended at 3.266.51. down 40.52. Volume eased to HKS2.B2 billion from Monday's
      Reuter; Source: Bridge Info  -  2,959 words
    • Article, Illustration
      CHINA
      470 18 THE Shanghai B Index advanced 27.41 points to close at 1,170.55 yesterday with a respectable turnover of U556.76 miliion. Chlor-Alkali, up 1.2 per cent. Vacuum, which gained 1.5 per cent and No 2 Textile Machinery, 6.1 per cent higher, were the three most active shares, closing at 82 US
      470 words
    • Article, Illustration
      Lock icon TOKYO
      2570 18 Reuter STOCKS ended mixed in quiet trade yesterday, with the Nikkei fluctuating around Monday's closing level all day. Investors were cautious towards a surging yen and ahead of a Group of Seven meeting this weekend while public fund buying supported the downside. "Investors are reluctant to move because they
      Reuter; Source: Bridge Info  -  2,570 words
    • Article, Illustration
      Lock icon BANGKOK
      1778 18 Reuter STOCKS finished mixed with the index almost unchanged, as most investors remained cautious amid rumours that there might be more official probes into share price manipulation. brokers said. The SET Index ended 0.46 point higher at 946.08 on turnover of 3.61 billion baht. Declines led advances 118 to
      Reuter; Source: Bridge Info  -  1,778 words
    • Article, Illustration
      Lock icon JAKARTA
      838 18 Reuter STOCKS closed mixed in a quiet trade which brokers said was due to the Islamic fasting month of Kamadan. which started yesterday. The Official Index closed down 1.4 at 299.82 points. Japfa rose 50 rupiah to 2.400 on turnover of 539.0(H) shares. The formal transfer of ownership of
      Reuter; Source: Bridge Info  -  838 words
    • Article, Illustration
      Lock icon CLOB INTERNATIONAL
      2164 19 Source: Bridge Info Source: Bridge Info MOST ACTIVE volume Mctroptc* MX 18.524.(100 Kcnong HhJ MX <# *8.000 Mulli 7.5*3.000 Promct 6.14X1100 Asia Pac IJ MX 5 884.000 f-jlvi liroup 4 044.000 reek Resources 3.326.000 kamunlmg MX J.I8J.OOO Sel Properties 3.145.000 till. I'SSU 10 :.937.000 Bedford MX 2 4»0
      Source: Bridge Info  -  2,164 words
    • KUALA LUMPUR STOCK EXCHANGE
      • Article, Illustration
        Lock icon Prices end mixed in sporadic profit-taking
        4751 19 Bernama KUALA LUMFUR Share prices here closed mixed yesterday as profit-taking alternated with bouts of selective buy ing activity in hectic trading. Liquidations of some component stocks brought the KLSE Composite Index to 632.28 at 5 pm, down 3.31 points from Monday's closing. The
        Bernama; Source: Bridge Info  -  4,751 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article, Illustration
        Lock icon Blue chips help push index to record high
        1120 20  -  By Paul Leo SINGAPORE Investors returned in fervour to pick up blue chips on the stock market yesterday, sending the benchmark Straits Times Industrials Index up 21.45 points to close at a record high of 1,661.32. The UOB-OTC Index, which tracks mostly
        Source: Bridge Info  -  1,120 words
      • Article, Illustration
        Lock icon Tuan Sing Holdings
        76 20  -  HOT STOCK Quak Hiang Whai TRAPPED within 33 to 38 cents. Tuan Sing Holdings will probably drift for a while unless it breaks out of that congested area. There is currently no clear indication of where the stock could be heading. However, the upward trend appears intact
        SOURCE: BRIDGE INFO  -  76 words
      • Article
        Untitled
        5941 20 MAIN BOARD Gr Gr 1992/*) >M Vol Day Last OaMe Di» Di> Md N«t M Cm High Low (oopu> Salt (WO) High Ixw. Bum Setter C»r P/E Soul INDUSTRIAL AND COMMERCIAL 344 170 Acma 338 +32 2960 344 308 338 342 12.2 2.1 3.6 19.5 208 8 210 210 s
        5,941 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      64 9 This announcement appears as a matter ol record only NGEE ANN DEVELOPMENT PTE LTD And ORCHARD CORPORATION PTE LTD SGD 145,000,000 Credit Facilities in connection with further financing of Ngee Ann City p Arranged by NDC MERCHANT BANK LTD Lender to Ngee Ann Development Pte Ltd QDBSBANK If Lender to
      64 words
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      Page 10 Advertisements Column 1
      480 10 British-American Tobacco Company (Singapore) Limited PROFIT AND DIVIDEND ANNOUNCEMENT The Board of Directors is pleased to announce the following audited results of the Group and the Company for the year ended 31 December 1992. (SOOOs) THE GROUP THE COMPANY 1992 1991 1992 1991 Turnover 309,734 295,949 +5 N/A N/A Investment
      480 words
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      Page 10 Advertisements Column 2
      26 10 Find a new operator for your computer Introduce your system to all kinds of computer buffs quickly with a convenient, fast-acting classified ad. .Ji. C.A.TS. 737-116*1
      26 words
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      Page 11 Advertisements Column 1
      53 11 6 DAYS LEFT TO BOOK AN AD IN THE YELLOW PAGES. Last day for booking: Monday Ist March fin Call toll-free 1800 296 1633 now or walk in today! l=J yellow pages Integrated In formation Ptc Ltd 585 North Bridge Road #07-01 Blanco Court Singapore 071 8 Telefax: 291 4561.
      53 words
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      Page 12 Advertisements Column 1
      112 12 23 Hotels In Major North American Cities Sold in individual lots, reserve prices range from US$2 million to USS2O million. Finance available for most properties Over 6000 rtx)ms available with or without management Substantially below replacement cost Ixxations include: San Francisco San Diego Atlanta Dallas Los Angeles I>as Vegas Toronto
      112 words
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      Page 12 Advertisements Column 2
      155 12 BUSINESS TIMES TOLL-FREE TEL. No. 1-800-737 0043 FAX:734 3698 I Make new business contacts through classification 203 in The Straits Times Classified. SINGAPORE AIRLINES LIMITED (Incorporated in the Republic of Singapore) LOST SHARE CERTIFICATES The undermentioned share certificates have been reported lost, mislaid or destroyedCertfflcataNos. No. o« slum Inthanamaol *****01*20
      155 words
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      Page 12 Advertisements Column 3
      126 12 IN THE MATTES OF THE COMPANIES ACT, CAPJ* AND IN THE MATTER OF RN MICROTRONICS PTE LTD (MEMBERB' VOLUNTARY LIQUIDATION) FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 306 of the Companies Act (Cap.so) that the FINAL MEETINO of the Members of the abovenamed company will be held at
      126 words
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      334 13 MANAGING INVESTMENT RISK Using Options, Futures And Other Derivatives. 12 MARCH 1993 SS34O APMC course member!Ss39o non-course member Seminar Speaker: Ronan B. O' Connor, M. Comm., FIA. (Cbsing Date: 1 March 1993) MAKING WINNING SPEECHES PRESENTATIONS 15 -16 APRIL 1993 SSS4O APMC course memberlSs6oo non-course member Seminar Speaker Dick Tien
      334 words
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  • Page 15 Advertisements
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      239 15 NEW LANCIA THEMA. TECHNOLOGY TRANSFER IS NEVER SO BREATHTAKING. The new Lancia Thema 16-valve. Driven by a regardless of engine speed. A jewel of modern completely new engine derived from Lancia's technology delivering 155 bhp, and 205 bhp in tremendous experience in world class potent turbocharged form. Technological rallying. 2
      239 words
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      455 16 7 NEW ZEALAND >5 INVESTMENT OPPORTUNITIES Mr DAVID BAYLEY Executive Director of Bayleys Real Estate Ltd is available between TUESDAY 23/2/93 and FRIDAY 26/2/93 to discuss the New Zealand investment market and investment opportunities. All properties with good rental returns. Please call DAVID BAYLEY OR JOHN BAYLEY Executive Director Managing
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      Page 16 Advertisements Column 2
      19 16 As and when the latest I^ondon/Rotterdam prices are not available, the previous trading day's closing figures are carried instead
      19 words
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      22 18 Johnston Murphy® A heritage of excellence since 1850 Isetan Havelock Isetan Orchard Robinson Galeries Lafayette Kuala Lumpur Isetan Jakarta: SOGO Dept. Store
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      59 19 IN SHARE FINANCING, COUNT THE COUNTERS AT CITIBANK. Through our Equity Investment Unit. Citibank not only offers you more counters to choose from, but higher counter limits. And one of the highest leverage factors. To get your share, just call our 24-hour CitiPhone Banking toll-free on (1800) 225-5225. now. CITIBAN<O
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      44 20 n Sparkle to Portfolio... Mondial. The sourte the acquisition of internationally certified G.1.A., H.R.D. ijjL H and 1.G.1, diamonds, emeralds t HHj and other gemstones. j Main Showroom: Mondial Promenade 300 Orchard Road 001-06 The Promenade Singapore 0923 Tel: 734 2033/4 Fax: 737 5138
      44 words
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  • SPORTS
    • Article, Illustration
      Lock icon Phenom Phil Mickelson shows great potential
      501 21 Golf AP LA JOLLA, California Phil Mickelson's amateur record, the best in more than 25 years, compares favourably with that of Jack Nicklaus. His smooth putting stroke is likened to that of a young Ben Crenshaw. His future in pro golf is unlimited. Just
      AP  -  501 words
    • Article, Illustration
      Vasquez's hand does a face job
      42 21 Mar Del Plata, Argentina Argentine junior middleweight world champion Julio Yasquez punching the face of Aquilino Asprilla of Panama during their WBA middle title match on Monday. Yasquez won by a knock-out in the first round.
      42 words
    • Article
      Lock icon Veterans outshine new stars at NBA All-Star Game
      395 21 AP SALT LAKE CITY The NBA All-Star game was billed as a changing of the guard. There were some new stars, but they weren't new names. Shaquillc O'Neal was one of six first-time All-Stars at the Delta Center on Sunday, although it
      AP  -  395 words
    • SPORT SHORTS
      • Article, Illustration
        Lock icon Cricket
        50 21 Reuter BOMBAY India won the third and final cricket test against England yesterday by an innings and 15 runs to complete a 3-0 series win. Scores: England 347 (G.Hick 178) and 229 (R.Smith 62, M.Gatting 61. Kumble 4-70). India 591 (V.Kambli 224, N.Sidhu 79, S.Tendulkar 78, P.Amre 57). Reuter
        Reuter  -  50 words
      • Article, Illustration
        Lock icon Golf
        272 21 Reuter AP LONDON Bradley Hughes' victory in the Australian Masters on Sunday has earned him a place in this year's Johnnie Walker world championship in Jamaica, the organisers said on Monday. The Australian is the third player to qualify for the 28-man event in December after world No. 1
        Reuter; AP  -  272 words
      • Article, Illustration
        Lock icon Ice hockey
        46 21 Reuter NEW YORK NHL results Monday: Philadelphia Ilycrs 5 Detroit Red Wings 5 (OT); Los Angeles Kings 5 Tampa Bay Lightning 2; Winnipeg Jets 6 Ottawa Senators 3; New York Rangers 4 San Jose Sharks 0; Toronto Maple Leafs 8 Vancouver Canucks 1. Reuter
        Reuter  -  46 words
      • Article, Illustration
        Lock icon Tennis
        399 21 Reuter AP Reuter INDIAN WELLS, California First-round action at the Evert Cup on Monday was overshadowed by the loss of its top two seeds, Steffi Graf and Jennifer Capriati, who both withdrew on Sunday due to pulled stomach muscles. The tournament's top seed is now seventh-ranked American Mary Joe
        Reuter; AP  -  399 words
  • Page 21 Advertisements
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      304 21 PAN-WEST UNVEIIS^ AT PAN-WEST Graphite Wood Heads give mtch toWtXd whenrt 'Xrle GraphiteThafts cater vriii^dol justire'to' the actual| y flex and feel tte Xrt fiT"* "playing BRED IN AMERICA same standards State-of-the-art and American Milled, Ladies and Master made, Lynx produces the highest p u(ters (the atter QCtua y quality
      304 words
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      639 22 Nothing Beats A Bud, OP HKERS^^ Ifl OUR FAMOUS LOCAL fP g FOOD BUFFET IS BACK ES| Remember all our delicious local food? FavourjSmß ites like barbecued chicken wings, sweet HflH sour pork, chai tow kuay, mutton curry, muah CflH chee, cheng tng and more. They're back and at the
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      278 22 WHERE TO WINE, DINE AND ENTERTAIN Order [apanese at the Cafe Plaza, and we won't serve you a thing, Feb 8 18 At our Japanese Buffet, youH have to help yourself But happily, that means helping yourself to the widest range of dishes possible Like Cha Soba, Tempura, Cha*an Mushi.
      278 words
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      334 22 THE NEPTUNE. *7 INTO THE EXg/TEMEVT^ Enjoy an unforgettable evening of spectacular world-class revues at the Neptune. And our Early Dinner Special menu prepared by experienced Hong Kong chefs. Free parking in the evening. Showtimes: B.oopm to 8.30pm 9.30pm to 10.00pm IB M aljSlMOi 7ih ftoor iVn«j Imoa Houm CoMyer
      334 words
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  • LIFESTYLE
    • Article, Illustration
      Lock icon Jagger owns up to his long past
      1199 23  -  Karen Schoemer talks to Mick Jagger about his latest solo album and turning 50 Karen Schoemer NYT WHEN Mick Jagger laughs, his whole face scrunches up, like a boy's. The eyes become crescent slits; the chin juts forth; the famous mouth opens so
      NYT  -  1,199 words
    • Article
      Chuck Berry loses appeal over suits on toilet videotaping
      304 23 CHATTERBOX ROCK-AND-ROLL legend Chuck Berry lost a US Supreme Court appeal on Monday over lawsuits charging he secretly videotaped women who used the toilet at his restaurant in Wentzville, Missouri. The high court denied the appeal by Berry, who faces lawsuits
      304 words
    • Article, Illustration
      Friends you can do without
      611 23  -  Audrey Tan reviews Alan Ayckbourrf s Absent Friends Audrey Tan MAKE new friends, but keep the old; one is silver, the other is gold, so runs the familiar ditty. Yet if Absent Friends is anything to go by, the gold may well have lost its
      611 words
  • Page 23 Advertisements
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      103 23 7th to 28th Feb '93 The one seafood believed to have the aphrodisiac effects will be prepared in a variety of exotic ways in China China Restaurant to satisfy the appetite of prawn lovers. A la carte or set menus available for lunch and dinner. for reservations, please call our
      103 words
  • Page 23 Miscellaneous
    • Miscellaneous
      Page 23 Miscellaneous Column 1
      1229 23 TV RADIO WDtk>,lo.3opw. SBC 5 The race is on to find the killer Travels in Europe: Germany's m Mosel and Rhine, 9.00pm, 3, J Also, a look at Europe's excelEarthvisions: In The Company Of m Whales. 9.30pm. SBC 12 J E f* »B whales have swum the seas for v
      1,229 words
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  • REGIONAL ANALYSIS
    • REGIONAL WHISPERS
      • Article
        This land is my land, this land is your land
        84 24 HANOI is planning to resort to an international eourt to settle its border disputes with China and Cambodia, both of whom elaim parts of Vietnam to the north and to the south-west respectively. Apparently Hanoi has formed a task force
        84 words
      • Article, Illustration
        Which clan spans three countries in the region?
        114 24 FEW PEOPLE know that the illustrious Alatas clan spans three countries in the region Indonesia, Malaysia and Singapore. Indonesia's Foreign Minister Ali Alatas has close family ties with Syed Hussein Alatas, the Malaysian social critic and former head and professor of the
        114 words
      • Article
        Here's how to maintain religious harmony
        108 24 INDONESIA'S Minister for Religious Affairs, Munawir Sjadzali, held talks recently with Malaysian Prime Minister Mahathir Mohamad. They are thought to have focused on Indonesia's approach to promoting religious harmony. Both are Muslim-majority countries and, though they take different approaches in enforcing religious harmony, both
        108 words
    • Article, Illustration
      A more assertive Japan
      1463 24  -  Exclusive to BT New directions in Japanese foreign policy KOJI KAKIZAWA KOJI KAKIZAWA The writer is Japan s Parliamentary Vice-Minister for Foreign Affairs. The views expressed are personal and do not necessarily correspond with the views of the government of Japan THE YEAR 1992 marked the
      1,463 words
    • Article, Illustration
      Japan's idea of security in S-E Asia
      1191 24  -  Exclusive to BT MOCHTAR KUSUMAATMADJA MOCHTAR KUSUMAATMADJA The writer is the former foreign minister of Indonesia JAPANESE Prime Minister Kiichi Miyazawa recently undertook a diplomatic tour of South-east Asia. The visit underscored the continuing importance to Tokyo of the region's security. But to
      1,191 words
    • Article, Illustration
      Piped piper of Japanese politics?
      2368 25  -  Change and Reform in Japan FACE TO FACE Kenichi Ohmae, internationally renowned thinker and chief proponent of the idea of a borderless world, is also involved in a groundswell to reshape Japan. He talks to BTs Regional Analysis Editor Yang Razali Kassim and SN Vasuki
      2,368 words
    • Article, Illustration
      When Japan yens for change
      1756 25  -  Special to BT EIICHI FURUKAWA EIICHI FURUKAWA The writer is executive director of the Japan Centre for International Strategies THE year 1993 will be a time of change for Japanese politics, say a number of political commentators in Japan. An important general election is to
      1,756 words
  • Page 24 Advertisements
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      68 24 I vyi vH^I I &m Ten years from now the Focus* Attache will still be ahead of its time. For successful executives, the innovative briefcase: Focus? from Samsonite. Futuristic European design. Highly functional. Durable. o Samsonite Our Strengths Are Legendary I -> sjmvmitr< orpnraiKm At department slorps and shops Samsonite
      68 words
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  • Article
    Strong yen tactics
    520 26 EDITORIAL A SINGLE remark by US Treasury Secretary Lloyd Bentsen last Friday has sent the Japanese yen soaring against the US dollar in global currency markets. Asked if he was in favour of a weaker dollar, Mr Bentsen said he was in favour of a stronger yen.
    520 words
  • WHAT THE OTHERS SAY
    • Article
      SES: promote stocks more
      158 26 SINCE ITS REBIRTH from the ashes of the Pan Electric crash, the Stock Exchange of Singapore has worked hard to regain investors' confidence by building up a reputation as one of the best regulated markets in the world. But is the SES, usually stoic in the
      158 words
    • Article
      Render the right recognition
      138 26 THE COVETED Tun Seri Lanang Literary Award has been bestowed on the rightful person, Haji Muhammad Ariflf Ahmad, who has dedicated more than half his life for the promotion of the Malay language, arts, literature and culture. His name has been synonymous with the struggle of
      138 words
    • Article
      Good, old, reassuring Kohl
      158 26 MANY ASIAN LEADERS have expressed concern that with its mounting problems, Europe will become less and less interested in Asia. This is not unfounded. For example, after French President Mitterrand's visit to Cambodia and Vietnam, he said that Europe must become more protectionist in order to
      158 words
    • Article
      Puzzling police priorities
      183 26 THE TRAGEDY of yesterday's illegal road race that claimed two lives and injured at least four is not only that it happened but that the police did nothing to prevent it. Unlike other illicit races which take place in the early hours, often with its participants long
      183 words
    • Article
      Take a stand on Myanmar
      174 26 SELF-INTEREST can be the worst enemy of humanitarianism. To argue that human rights violations are a part of some inviolable cultural identity is complete and utter nonsense. The unprecedented international solidarity shown last week for the protest mission of Nobel Peace Prize winners in campaigning
      174 words
  • Article, Illustration
    Lock icon Japan and the desire to be a major global player
    782 26  -  With things hotting up in Cambodia, Japan has to decide how deeply involved its UN peacekeeping troops should get. Michael Richardson reports Michael Richardson IHT JAPAN'S resolve to assume more international responsibilities will be severely tested if, as appears likely,
    IHT  -  782 words
  • Page 26 Advertisements
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      303 26 HER WORLD presents SINGAPORE'S SECRETARY OF THE Y E'A R An Award for Outstanding Achievement Over the past seven years this prestigious award has earned a reputation as the supreme accolade for the executive secretary who outshines all others. Recognising the vital role the secretary plays within any Based on
      303 words
  • Page 26 Miscellaneous
    • Miscellaneous
      Page 26 Miscellaneous Column 1
      90 26 hi* WETCi jffBWWWIWI p« joe> to l*st f\ uferime... uPon f\ lujQgxe-D sfc>T on.J r w ,C .N\ fc 7 (TINT'S DOONESBURY GARRY TRUDEAU ui mam ,a THANKS. J APPRECIATE NO KIPPING? msaa UAL MINUS] f—s TH*****27 160TA GREAT. 3 THAT, ORO. 2,300 MM z jNOUNCS |TV£ mmcSsr JtSfSL* CONSIGN-
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  • ANALYSIS
    • Article, Illustration
      Lock icon Clinton's cautious selective engagement
      603 27  -  Nick Ludington finds Bill Clinton living up to expectations and doing little on foreign policy Nick Ludington AP PRESIDENT Bill Clinton is living up to predictions that he would tend to the ailing American economy and flawed social programmes ahead of foreign affairs. In his inauguration
      AP  -  603 words
    • Article, Illustration
      In the doldrums Down Under
      1430 27  -  The obstinacy of the current recession in Australia has confounded many economic pundits. Sydney Correspondent Florence Chong looks at the reasons why the economy is unable to pick up strength. Florence Chong INTEREST RATES have been slashed more than a dozen times since 1990 as
      1,430 words
    • Article, Illustration
      Lock icon China's economy is booming, but can it last?
      894 27  -  Officials in Beijing are worried that an economy growinetoo fast could spin out of control. Dan Biers reports Dan Biers AP BEIJING One year after a frail Deng Xiaoping hobbled back into public view to give his endangered capitalist-style reforms one more
      AP  -  894 words
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  • Article, Illustration
    Asia can be sure there will be no Fortress Europe: Kohl
    417 28  -  Kohl's visit to Singapore By Walton Morais SINGAPORE Fears in Asia of an inward-looking, protectionist "fortress Europe" are unfounded, German Chancellor Helmut Kohl said last night. "Time and again we hear the anxious comment that developments in Europe are
    417 words
  • Article
    Lock icon Brittan says US has pledged to abide by Airbus accord
    284 28 Reuter BRUSSELS European External Economic Relations Commissioner Sir Leon Brittan said the United States assured him yesterday that it would abide by the terms of the ECUS Airbus deal on limiting aircraft subsidies. Mr Brittan said he had contacted the
    Reuter  -  284 words
  • Article
    Lock icon US will adopt tough trade policy: Brown
    204 28 Reuter WASHINGTON Commerce Secretary Ronald Brown said the Clinton Administration would stake out a tough trade policy that would include opening foreign markets and promoting exports. He said in remarks prepared for delivery to a Chamber of Commerce business rally breakfast: "We need,
    Reuter  -  204 words
  • Article
    Lock icon US consumer confidence falls sharply in February
    442 28 Bloomberg Business News NEW YORK The Conference Board said yesterday that its measure of US consumer confidence dropped 8 points to 68.5 in February from 76.7 in January as expectations about the economy darkened. The non-profit business research group said its index of
    Bloomberg Business News  -  442 words
  • Article
    Lock icon Trouble possible before polls: Sudomo
    151 28 Reuter JAKARTA A senior Indonesian minister said yesterday there could be attempts to stir up trouble before next month's presidential election. "The situation in general is manageable," Coordinating Minister for Security and Political Affairs Sudomo told reporters. "But there could be disturbances." He said illegal
    Reuter  -  151 words
  • Article, Illustration
    Will free trade be done in by high-tech industries?
    924 28  -  The Bottom Line CHUANG PECK MING CHUANG PECK MING The writer is a correspondent in BT's Political and Economic Group WHATs an industrial policy? The question was asked recently at a scholarly conference here. "Beats me", one participant was heard murmuring.
    924 words
  • Article
    Lock icon Christopher tries to break deadlock in talks with Rabin
    323 28 Reuter JERUSALEM US Secretary of State Warren Christopher yesterday tried to break the deadlock over Israel's expulsion of Palestinians. He met Prime Minister Yitzhak Rabin for two hours on the last and toughest leg of his first Middle East tour to
    Reuter  -  323 words
  • Article
    Lock icon Aussie metal workers vote to strike
    317 28 Reuter SYDNEY Australia's 200,000 metal workers have voted to strike for 24 hours on March 1 to back claims for a 6 per cent pay rise. The strike would coincide with a "day of protest" in the industrial state of Victoria, where the industrial
    Reuter  -  317 words
  • Page 28 Advertisements
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      230 28 __COmPAa CFullmorlQ ■VPPM FULLMARK MICRO PTE LTD T E L 2 2 1 3 6 2 6 Clinton vows tough responses to EC aircraft subsidies. Shipping Times, Pg 20 With Easy Pay 3 (payroll administration system), you can compute CPF, CDAC/MBF/ t SINDA, foreign workers' levy, unpaid leave, overtime, shift
      230 words
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      15 28 (TullmariT) FULLMARK MICRO PTE LTD T E L 2 2 1 3 6 2 6
      15 words
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  • Shipping Times
    • Article, Illustration
      Hanjin to deploy bigger ships on trans-Pacific service
      441 29  -  S Korean shipping line takes delivery of fourth 4.000-TEU vessel today By Dexter Lee SINGAPORE South Korea's Hanjin Shipping will soon deploy bigger containerships in its coverage of south-west American ports in response to shippers' demand for more cargo space on its
      441 words
    • Article
      Lock icon Talks in KL on Malacca Straits piracy, pollution
      376 29 Reuter KUALA LUMPUR Malaysia, Indonesia and Singapore will push for new initiatives to combat South-cast Asia's twin maritime problems of piracy and pollution at a meeting this week, officials said yesterday. "Joint action has helped curb pirate attacks in the region but
      Reuter  -  376 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      1148 29 Page Col ABC Containcrlinc 12 1 Accord Group 8 1-3 Ahrenkiel Liner 16 4 Allied-Link 16 4/5 Alpha Feeders 6 1 ANL 3 1/2 APL 5 3-5 ASCI 5 5 Asian Breakbulk 16 5 ASXCL Shpg 15 2 Avant Shpg 6 4/5 Avia
      1,148 words
    • Article
      Lock icon Prospects few for VLCCs from Persian Gulf
      247 29 Knight-Ridder LONDON New and concluded business for ten large crude carriers from the Persian Gulf remained in short supply on Monday but rates continued to be steady, brokers said. The Chinese Petroleum Corp was said to hate quickly fixed a March 3, 240.000-tonne
      Knight-Ridder  -  247 words
    • Article
      Lock icon Critics howl as Canada awards foreigners oil platform contracts
      318 29 UPI ST JOHNS, Canada Managers of the giant ofishore Hibcrnia oil development project sparked controversy on Monday by awarding hundreds of millions of dollars worth of equipment contracts to foreign companies. Critics say the contracts should have been awarded locally to
      UPI  -  318 words
    • Article, Illustration
      Lock icon Families of Haiti ferry victims protest against mass burial
      272 29 Reuter PORT-AU-PRINCE. Haiti Families of the victims of a ferryboat accidcnt in which hundreds drowned complained on Monday that the government had hastily buried the bodies by throwing them into common graves for the poor. "We have formed a committee of
      Reuter  -  272 words
    • Article
      Lock icon Grain trade pushes freight rates higher
      267 29 AFP LONDON The freight shipping market firmed over the past week with prices rising on Atlantic routes following increasing confidence in the grain sector, trade sources said. The Baltic Freight Index rose 48 points from the previous week to stand at 1,369 points on
      AFP  -  267 words
    • Article, Illustration
      Lock icon Satellite time is money
      977 30 With so many maritime Inmarsat terminals in service, land earth station operators are competing for a bigger slice ot the business Fairplay THE MARINE satellite communications (Satcom) business is fiercely competitive, and not just among people selling equipment. The service providers the authorities running the Inmarsat
      Fairplay  -  977 words
    • Article
      DAILY FREIGHTS
      668 30 NEW and concluded business for very large crude carriers from the Persian Gulf remained in short supply on Monday but rates continued to be steady, brokers said. The Chinese Petroleum Corp was said to have quickly fixed a Mar 3, 240,000-tonne cargo from the Persian Gulf to Taiwan
      668 words
    • Article
      Lock icon WEEKLY FREIGHTS
      289 30 AFP THE FREIGHT shipping market firmed over the past week with prices rising on Atlantic routes following increasing confidence in the grain sector, trade sources said. The Baltic Freight Index (BFI) rose 48 points from the previous week to stand at 1.369 points on Friday. Sentiment was dominated
      AFP  -  289 words
    • Article
      TRANSPORT DIARY
      762 30 COURSES Feb 25: Maritime Arbitration In Singapore Singapore Bunker Claims Procedure organised by Singapore National Shipping Association in a luncheon talk at Harbour View Dai-Ichi Hotel. For more details, please call tel: 278-3464 or fax: 274-5079. March 3-4: Aviation Safety Investigation Conference Singapore jointly organised by the Singapore
      762 words
    • Article
      THE SHIPPING GUIDE
      11640 38 I his is a list of ships loading at Singapore tor 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 I'M: ship calls at Penang
      11,640 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        553 45 Vess<H Voy No Berth Arrival Departure Vessd Voy No Berth Vnval Departure Jurong Port £k>na Sc264c 23/02* P01A 2302/1100 2302,1900 Ivory Bay 5 13 alongside 24 02. 2300 Elona Sc264c 24/02* P01A 2402/1100 24 02 1900 Pulau Kalimantan 03/93 12/3 alongside 24 02/1800 Frank lionet ny 28
        553 words
      • Article
        MALAYSIAN PORTS
        118 45 Johore Port Berth: 1,3 and 4: nil; 2: Glory Selatan VI; 5: Sunny Venture; 6; Bangkok Bridge. Oi jetty: Queen Chie. DCJ: ml Due on Feb 22: Petrobulk Sterling, Bunga Sepang, Abadi.Rakmat, New Line No 1. Barge Ayu. Kota Makmur, Fu Chun, Aries, Barge Josindo. Due on Feb
        118 words
      • Article
        CONTAINER SCHEDULES
        1198 45 ACX Daisy 368 26/1600 2 23/1700 24/0659 24/0900 3 24/0700 24/1159 24/1400 4 24/1200 24/1459 24/1700 ACX Swan 54A 24/1500 1 23/1500 23/1659 23/1900 Addinya* F008N 25/2300 1 23/1500 23/1659 23/1900 2 23/1700 24/0659 24/0900 3 24/0700 24/1159 24/1400 4 24/1200 24/1459 24/1700 Ahce Rhs 9301N 25/2100 1
        1,198 words
    • AIR AND LAND TRANSPORT NEWS
      • Article, Illustration
        Lock icon Clinton vows tough responses to EC aircraft subsidies
        429 48 AP EVERETT, Washington Speaking in an enormous aircraft assembly hangar to employees of the financially-trou-bled Boeing Co, President Bill Clinton on Monday blasted European aircraft subsidies for hurting US airlines and promised tough new trade responses. At Boeing. Mr Clinton and promised
        AP  -  429 words
      • Article
        Lock icon BA accused of more dirty tricks against Virgin
        321 48 Reuter LONDON British Airways (BA) has been accused of continuing an alleged "dirty tricks" campaign to woo away Virgin Atlantic Airways customers despite a pledge last month to halt such activities following a libel case. Britain's Independent Television News alleged in a
        Reuter  -  321 words
      • Article
        Lock icon 2 top executives of Fiat arrested in Italy's graft probe
        364 48 AP ROME The corruption scandal that has snaked its way into nearly every cranny of Italian society reached the heart of industrial giant Fiat on Monday with the arrest of two top executives. The arrests touched off panic selling of
        AP  -  364 words
      • Article
        Lock icon Lucio Tan wins fight for PAL: report
        411 48 AP MANILA A businessman close to the late President Ferdinand Marcos has taken control of Philippine Airlines by buying the 10.3 per cent share of a holding company from another group, it was reported yesterday. Lucio Tan bought the new shares in PR
        AP  -  411 words
      • Article, Illustration
        Lock icon Hijacker threatens to commit suicide
        383 48 Admitted paying US$54 to circumvent security checks at a Russian airport AP STOCKHOLM. Sweden A man who hijacked a Russian airliner with two hand grenades said on Monday that he might kill himself if sentenced to jail. "If I am sent to prison. I might
        AP  -  383 words
      • LOG BOOK
        • Article
          Lock icon Greek bulker under tow after fire
          78 48 Reuter LONDON The Greek bulk carrier Akrhas is currently under tow. probably to Japan, after drifting in the East China Sea following a fire in its engine room over the weekend. The fire in the 23.538-dwt vessel started on Saturday about 120 km south
          Reuter  -  78 words
        • Article
          Lock icon Tanker undergoes repairs after oil leak
          54 48 Reuter LONDON The Madeira-flagged tanker Rosario del Mar is undergoing repairs after a stern tube oil leakage was found on Jan 29. Lloyd's Shipping Intelligence Service said. The 132.201 dwt vessel was surveyed in dry-dock on Feb 17. Dry-docking is required to effect the
          Reuter  -  54 words
        • Article
          Lock icon Bremer Vulkan gets 200m mark order
          54 48 Reuter MUNICH. Germany Munich-based shipbuilding group ContiReederei said it awarded a 200 million mark (SS2O million) order for two container ships to Bremer Vulkan AG's east German unit MTW Schiffwerft GmbH. The order was part of a 110 million mark investment package in east
          Reuter  -  54 words
        • Article
          Lock icon Cocoa congestion at Ghana port
          67 48 Knight-Ridder ACCRA Cocoa congestion at the Tema port in Ghana continues, with 48 trucks earning about 24,000 bags of cocoa waiting to discharge their loads into transit sheds that are already filled to capacity. The four transit sheds have a total capacity of 60.000 tonnes.
          Knight-Ridder  -  67 words
        • Article
          Lock icon Cotton container lost from ship
          40 48 Knight-Ridder LONDON A container containing cotton has been lost from the 21.643 dwt roll on-roll ofT/container vessel Kukawa, according to Lloyd's Intelligence. The Isle of Man-flagged Kukawa sailed was bound for Hamburg from Teesport. Knight-Ridder
          Knight-Ridder  -  40 words
        • Article
          Lock icon Drilling rig shut down off Germany
          52 48 Knight-Ridder LONDON A ship drifting without power near the self-elevat-ing drilling platform Transocean No 6 resulted in the rig being shut down on Feb 21. The 2.345-dwt Hummling was adrift without power about 3.5 km north of Terschelling Island with engine problems in heavy
          Knight-Ridder  -  52 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1304 48 city rim cta n» rre Adelaide SQ227 2230 Amman RJ183 2335 Amsterdam GA895 1325 SQ324 2215 KL837 1545 KL838 2350 SQ323 1735 Auckland NZ21 1705 NZ22 1825 SQ288 2040 Bahrain Gf 149 0650 BSeriBegawan BI453 1105 SQ182 0930 SQ181 1425 Bt430 2125 BI429 2030 Bangkok SQ69
        1,304 words
  • Page 29 Advertisements
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      58 29 the vital urn m mimsr Hail I nk E «pc ess provides a total service to save your money time and worry as deliver yoor goods speedily and promptly 10 yoor destinations in our organised Malaysia road networks Rail-Link Express (S) Pte Ltd Tal: 354-1223-Fa* *****10 OUR SERVICES... Express Pares/
      58 words
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      19 29 Lines and services represented by Members at the Registry Accredited [JggU* bof advertising enquiries, contact Shipping times: lei 710-20X9/740-2090
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      Page 29 Advertisements Column 3
      135 29 CARGO-PAK hhhhhbb^HJ Ensure optimum protection for your cargoes during transport at low costs. S5 TRADING (SINGAPORE) PH LTD VST) TIL *****55 FAX: *****43 Satellite time is money, Pg 2 Clinton vows tough responses to EC aircraft subsidies, Back Page IB M !ro«c«l M-J THE TOTAL TRANSPORTATION BfPrl VISA FREIGHT SERVICES
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  • Page 30 Miscellaneous
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      Page 30 Miscellaneous Column 1
      603 30 TODAY'S TIDES (height in metres) HOUR 0000 0100 0200 0300 0400 0500 0600 0700 OSOO 0900 1000 1100 1200 1300 1400 1500 1600 1700 1800 1900 2000 2100 2200 2300 ft 2.5 2.7 2.C 2.3 1.7 12 OS 0.6 0.7 1.0 1.5 2.3 2.1 2J 2 8 2.4 1J 12
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      Page 31 Advertisements Column 1
      2810 31 mam OOCL (S) PTE LTD JARDINE SHIPPING AGENCIES BOOKINGS TEL: *****34 *****58/ *****40 llllf# CFS (PSA F5) TEL: *****21/ *****79 mm.fl« JARDINE SHIPPING AGENCIES SDN. BHD. P BoOofl H PETALING JAVA TEL: 03-*****76 FAX: 03-*****42 L %99F J PENANG TEL: *****4 FAX: *****1 CFS TEL *****6 Dedicated to Quality Service
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      Page 31 Advertisements Column 2
      1742 31 For advertising enquiries, contact Shipping Times: Tel 740-2089/740-2090 USUASCIk J UNITED ARAB SHIPPING COJSAGjIJM To US East Coast WL/WT K I I Ml BN UKMI MIM i'U I M 11/ M U/M 11/ M m mm n/« n/M »/m jvm am at «*4fl KIM 7/M V» JVM »/JJ »V*J umt
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      Page 31 Advertisements Column 3
      1309 31 uomsssassm ALL YOU NEED!!! HONG KONG, TAIWAN, JAPAN, KOREA, INDONESIA, PHILIPPINES LUNA MAERSK V.9304 ETA SIN IST MARCH 1993 METTE MAERSK V.9304 ETA SIN 2ND MARCH 1993 Vessel Voy ETA ETD Feeder by Sea Lark/Aries DESTINATIONS This Met. Matte Maersk V 9304 Ml»7MrjmEfWt^lCTaWT—Tl 111 1.111-M ||l|.l I i too hrs
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      764 32 AOABA RDAM/ Li ■nTS¥73 VOY NO S PORE JEDOAH (via JED) STON H BURG ANT HAVRE KAMAKURA 27/107 25/2 13/3 16/3 14/3 t DRESDEN EXPRESS 09/307 27/2 8/3 14/3 17/3 19/3 21/3 23/3 PORTKELAIIB •rtNMIB KAGA 28/108 5/3 21/3 24/3 22/3 CJMO T^/COjmiO»T LUDWIGSHAFEN EXPRESS 06/308 6/3 15/3 21/3 24/3
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      Page 32 Advertisements Column 2
      585 32 FCL Breakbulk Service to: AFGHANISTAN M&M 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 ocTSTrans AGENCIES (FAR EAST) LTD NOUAKCHOTT-BANJUL-BISSAU-LUANDA-BATA Feeder Vessel ITA SIN ORIENTAL KNIGHT 01/03 VILLE DE TUCANA 07/03 VILLE DE
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      Page 32 Advertisements Column 3
      1486 32 &£W REGULAR INDEPENDENT FULL CONTAINER SERVICE VSL/VOY SIN ALG BCL* HAM BRE# ROT ANT# FEL LMA JAPAN SEA 251W 26/02 18/03 19/03 22/03 23/03 24/03 25/03 26/03 27/03 CHMA SEA 252W 02/03 24/03 26/03 29/03 30/03 31/03 01/04 01/04 02/04 NORASIA AL MUNTAZAH 9301-3 09/03 30/03 31/03 04/04 05/04 06/04
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      Page 33 Advertisements Column 1
      2099 33 H STRAITS SHIPPING PTE LTD 10 Hoe Chiang Road #11-01 Keppel Towers Singapore 0208 Tel: *****88 Fax: *****17 STS stepping Ltd DUE saiis II CONTAINER SERVICE TO CAMBODIA STRAITS VENTURE VOX Muari. lib 20-23 Feb 23 Feb 24 Feb RAJAH BROOKE VO6E Muara, Lab 23-26 Feb 23 Feb 27 Feb
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      Page 33 Advertisements Column 2
      2860 33 u-n, SINGAPORE AGENT: PXtI 1 I P&O Containers (Singapore Agencies) Pte Ltd X iX\/ 9 10 Hoe Chiang Road #07-01 KEPPEL TOWERS. SINGAPORE 0208 Wr*VWT Tel: 225 2233 Telex: RS ***** PNOCSP Fax: 225 5327/222 7517 W" V. CR Number: **********0Z EXPORT IMPORT vessel vov FpSg -pkg sm alq tow
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      719 34 I IT6EUMK sowiefc •>■■." I I a I w wxm mm hum agici mmr~ I KUTAI 27W8 I 3-7/3 1/4 6/«_ _8/4_ _U/4_ TO rn FUU^COOTAINER EAST COAST POETS ISL/WI PKI STOUE STD I MILB I BWS I fit ADEL jjgo AUS THALIA 42S 3/3 5/3 19/3 22/3 16/3 60W*
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      Page 34 Advertisements Column 2
      1986 34 0 H ANJIN SHIPPING FDR VS. SM lUK HMA SEA VCR FDR VSI SM |lM HAU SAV IM NYC HJ FELIXSTOWE 016E 20/2 DKCT 11/3 12/3 HANJM POHANG 126E 22/2 M ASIA 008 1/4 2/4 4/4 HANJM SEOUL 131E 1/3 H. TONGHAE OWE 25/3 26/3 HAMM SEOUL 131E 1/3 H
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      Page 34 Advertisements Column 3
      1199 34 d I I 0» NET .I TO LA* CHS Ml IRC U« Mr* KM TM ICC PSO CMB PKI W I tamttoM vi u/3 n/j u/i is/3 lvi m/i »/j 29/1 22/1 2/4 u/« u/« iv* 27/4 a i/s *>J\ *J\ l lOMMC 9L477 9/3 19/3 15/3 U/3 U/3 22/3
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      Page 35 Advertisements Column 1
      1633 35 II II PLEASE DIAL 1-800-*****00 (toll-free) II II AfOiw II FOR ALL BOOKINGS NOL SERVICES) II II 11 *R| SCX: Connecting C. Pegasus Voy HE in HKG 28/02/93 HI HI *R2 SCX: Connecting C. Jupiter Voy 62E in HKG 07/03/93 I U FEEDER VSL VOY SGP MOTHER VSL VOY SET
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      Page 35 Advertisements Column 2
      1234 35 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD BOOKINGS: BALT ORIENT LINE: *****64 FESCO: *****06 BLASCO ODESSA: *****51/*****31 ENQUIRIES: *****33 KL: 03-*****75/697 PORT KELANG: *****43/ *****40 JAKARTA: *****57 PENANG: *****4/ *****8 JOHORE BAHRU: *****1/ *****1 MARINE INSURANCE SERVICE: *****87/ *****87 (REGULAR INDEPENDENT SERVICE) FULL CONTAINERSHIP SERVICES EASTBOUMD—CXSCHARGHG WtSTBOUND-LOADWC TRANSHFPED VIA ROTTERDAM"!
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      Page 36 Advertisements Column 1
      1516 36 K 4 *-WV- ft AS AGENTS: KAWASAKI SINGAPORE (PTE) LTD ICR No: 12******000NI) w TEL: *****77 TELEX: KAWAKIRS23I6S FAX: *****07/B^9 i I |V| Mj MALAYSIA: "K" UNE MARITIME (MALAYSIA) SDN BHD I V 1 ri TEL: SA *****00 PK *****75 PEN *****0 JB *****1 PGU *****5/6 INDONESIA: P.T. SARANA LALfT
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      Page 36 Advertisements Column 2
      1162 36 PHI LI on If NT LINGS PT€ LTD 108 Robinson Road #07-00 GMG Building Singapore 0106 Tel: *****22/*****69/*****00 Telex: RS ***** Fax: *****76/*****38 P3® BY AIR, LAND OR SEA.... JfflV WE TAKE ON THE WORLD FOR YOU Wig MEMBER OF SINGAPORE FREIGHT FORWARDERS ASSOCIATION I —l AUSTRALIA/NEW ZEALAND/SOUTH PACIFIC FCULCL
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      757 37 gSßSflfy PACIFIC INTERNATIONAL LINES (PTE) LTD ■*****8T B— 140 Cecil Street. #03-00 PIL Building. Singapore 0106. mM cn no iooeo67ooooe NOTICE Bangkok Service Crane Surcharge Further to our anouncement in the Shipping Times on 29 January 1993 and 1 February 1993, kindly note that with effect from 1 March 1993,
      757 words
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      Page 37 Advertisements Column 2
      1731 37 MH n«KSiMJiI fii iVlin ifmM mlj ll EXPRESS CONTAINER SERVICE TO UK-NORTH CONTINENT-SCANDINAVIA WEEKLY P P GUOANG PENANG PKELANGI OCEAN VSL/VOY SIN SOU (1) RTM (2) HAM (3) GOT (4) E 26Tl 26/2 27/2 JUTLANDIA 3072 2A3 19/3 21/3 22/3 24/3 E "573 5/3 6/3 SELANDIA 3082 9/3 26/3 28/3
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      299 37 °BSA° TRANSPORTATION M* MYANMA wmm, FIVE STAR LINE (Myanmar National Line) Loading for Yangon (Rangoon) S'pore P.KIg Pen P.Gdi 4YITKVINA V46BW 24/25 Feb •AGAN VI93W In Pt «>A AN VIBSW 25/28 Feb MALAYSIA AGENTS BOLTS TE AO SUPPING AGENOES HUI: ia 03 *****00 PKL; Ttt 03 *****67 PEN: TEL 04-*****5
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      Page 40 Advertisements Column 1
      1942 40 Full Container Liner Services Malaysia s Agents: Indonesia's Agents: General Agents: Booking Agents: Guan Guan Shipping Sdn Bhd Chung Chiao Shipping Sdn Bhd P.T. Global Pvtra Indonesia Maritime Costar Shipping Pte Ltd Shipping freight Boohing Centre 54n Bhd 58 Persiaran Rata Muda Musa Lot 3.34. 3rd Floor. Jl IR H
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      Page 40 Advertisements Column 2
      617 40 EXPORTS TO HONGKONG, TAIWAN, MANILA JAPAN TWICE WEEKLY" MALACCA STRAITS SERVICE OUTBOUND VOT ltd PtH *T ISH I MRL HR6 KAO Kit TTO TOK SM2 WGO KM ttSSEI VOT |SW |PKI PtN BIN SW ACI DABY 368 "22 02 "2« 02 U. 02 2112 203 403 903 903 1003 11
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      Page 40 Advertisements Column 3
      394 40 DIRECT BREAKBULK/CONTAINER SERVICE TO MANILA MV. OCEANIA EXPRESS VSO ETA 28/2/93 (HEAVY LIFT AVAILABLE UP TO 45 TONS) sikapore SEAWAY SHIPPING PTE. LTD. VArfiS (GENERA! AGENT* NATWEST CENTRE *1503. SPORE 0106 TEL 221/933 FAX *****53 TLX R*****8 22J8 VHf PORT HUANG GUUSHT AGENCtS SON BHD TEL 03 *****70/1 FAX 03
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      Page 41 Advertisements Column 1
      692 41 (l& FAMOUS CONTAINER LINES —10 ANSON RD. #15-21 INTERNATIONAL PLAZA. S'PORE 0207 HOT LINE: *****33 (24 LINES) LIMASSOL/PIRE AUS 27/2 ROTTERDAM 27/2 HAIFA/ASHDOO/ALEXANDRIA 27/2 HAMBURG/BREMEN 27/2 MARSEILLE/FRANCE 27/2 FEUXSTOWE/UK 27/2 BARCELONA/SPAIN 27/2 LEHAVRE/ANTWERP 27/2 GENOA/ITALY 27/2 GOTHENBURG/SCANDINAVIA 27/2 LOS ANGELES/WC/IPI 27/2 SYDNEY/MELBOURNE 28/2 NEW YORK/EC 27/2 FREMANTLE/ADELAIOE 26/2 VANCOUVER 27/2
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      Page 41 Advertisements Column 2
      675 41 S'^^^TlCMFin^KßMltAGtllcit^Ts^rT^^D TEL: *****33 (12 Lines) FAX: *****15/*****03 TELEX: RS ***** RISHIP (3 Line*) )M] ETHIOPIAN SHIPPING LINES (National Lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL VESSEL IvOY ETA LOAWNG FOR SPORE ANOINET 30W6 10/04 DARESSALAAM MOMBASA DJIBOUTI ASSAB MASSAWA NETSANET »WB IS/05 DARESSALAAM MOMBASA DJKOUTI ASSAB MASSAWA g KIEN HUNG
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      Page 41 Advertisements Column 3
      746 41 ANNOUNCEMENT Bangkok Service Crane Surcharge For many years, Feeder Operators serving Bangkok are allowed to use vessels' own gear for discharging and loading of containers. The Port Authority of Thailand (PAT) levy a Crane Surcharge of Bht 250/425 per *****' respectively where vessels' own gears are used. Feeder Operators in
      746 words
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      1472 42 groupage I jVy JPENANG: (04) *****6 SIBU: (084) *****9 KUCHING: (082) *****3 w P.KELANG: (03) *****77 JAKARTA: (21) *****32 SURABAYA: (31) *****0 COMPETITIVE RATE TO HONG KONG 3 SAILINGS WEEKLY (MON/WED/FRI) FOR ROOKING, PLS CALL *****76. *****75. *****221 SSffil tZTKACT IMV PKL: *****48 JB *****7 (3 UNESfSBY: *****5 PEN: *****0/*****3
      1,472 words
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      Page 42 Advertisements Column 2
      253 42 BLUE STAR LINE SINGAPORE TO AND FROM NEW ZEALAND AND PACIFIC ISLANDS SIN AKL LYT SIN FGUARD BAY 01S 28/2 12/3 14/3 28/3 PROSPECT 23S 7/3 19/3 21/3 7/4 #N Z STAR 6S 20/3 1/4 3/4 20/4 WITH OPPORTUNITY TO CAll BRISBANf ON OR ABOUT FULLY CONTAINERISED SAILINGS DISCHARGING AT
      253 words
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      Page 42 Advertisements Column 3
      874 42 THONG SOON LINES PTE. LTD. M- 77 ROBINSON ROAD #15-00. #16 00 SI A BUILDING SINGAPORE 0106 TEL: *****88 FAX NO: *****11, *****22 TLX: RS ***** CARRIER, RS ***** JENHOL CABLE: TOSOCO ANNOUNCEMENT Bangkok Service Crane Surcharge For many years, Feeder Operators serving Bangkok are allowed to use vessels' own
      874 words
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      Page 43 Advertisements Column 1
      829 43 ORIENT LINE" JAPAN/BAY OF BENGAL/JAPAN SERVICE ACCEPTHG BREAKBUK SOC CARGOES TO FROM KOBE. YOKOHAMA. NAGOYA MO*. TOKYO*. UANHA- OAVAO* Penani* P. Kelant Singapore E'Msia* SHAPIAEVERETT VI4E 28/01 Mar KAMAIEVERETT VISE 20/21 Mar KARABIEVERETT VIIE 06/07 Apr ACCEPTftG BREAKBULK FCI SOC CARGOES TO FROM CHITTAGONG. CALCUTTA AM) MONO.A*. Singapore P. Kdanj'Penant*
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      Page 43 Advertisements Column 2
      346 43 Vfe GLORY NAVIGATION GROUP REGULAR LINER SERVICE TAIWAN TO SINGAPORE ASEAN DIRECT WEEKLY TO PORT KELANG/PENANG •AT ATTRACTIVE RATES* CR NO: **********0W SP PKL PNG KAO GLORY SELATAN VI 8/3 10/3 13/3 24/3 GLORY SELATAN V 25/2 28/2 3/3 13/3 SP PKL HCM HK KAO GLORY SELATAN X 1/3 6/3
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      Page 43 Advertisements Column 3
      608 43 sl£ PGSL WORLDWIDE j PANAMA GLOBE STEAMEBS LIKES REGULAR FCL SERVICE TO THE FOLLOWING WEEKLY SAILING TO HUANG PU ft SHANTOU Connecting Feeder to Huang PuSUI TUO CONTAINER NO. 2 Connecting Feeder to Shantao lIAN BO NO 9 4 WE HV LEASING CONTRS FOR RENTAL SAILING TO PHNOM PENH' FORTNIGHTLY
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      Page 43 Advertisements Column 4
      396 43 FORTNIGHTLY DIRECT CONTAINER SERVICE SIN TO DURBAN ALSO CALLING PT. ELIZABETH/JOHANNESBURG TWICE WEEKLY CONTAINER SERVICE SIN/MADRAS/SIN ALSO ACCEPTING CONTAINERS TO TUTICORIN/ BANGALORE/COCHIN AND NEW DELHI WEEKLY CONTAINER SERVICE SIN/CALCUTTA/SIN WITH TRANSHIPMENT TO: ISEAN/AUSTRAUA/FAR EAST/MEDTTERRANEAN/EUROPE WEEKLY CONVENTIONAL SERVICE SIN TO CHINA WEEKLY CONVENTIONAL SERVICE MADRAS/COLOMBO/ BOMBAY/KARACHI WEEKLY CONVENTIONAL SERVICE EAST AFRICA/RED
      396 words
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      Page 43 Advertisements Column 5
      384 43 SIN FAR EAST 2/3 KEELUNG/KAOHSIUNG 27/2 BANGKOK 1/3 MANILA/CEBU 28/2 JAKARTA/BELAWAN/SURABAYA 1/3 PORT KELANG/PENANG/E. MALAYSIA 1/3 BUSAN 28/2 TOKYO/YOKO/KOBE/NGO/OSA 1/3 HONG KONG SjN CHINA 1/3 GUANGZHOU/HUANGPU/SHENZHEN FUZHOU/XIAMEN/SHANTOU/SHEKOU DALIAN/SHANGHAI/XINGANG TIANJIN/QINGDAO/HAIKOU also accepting LCL cargo SIN EUROPE/UK 27/2 LDN/FLX/LVP/SOU 27/2 RDM/HAM/ANT/LEH/GOA/OSL/GOT/BCN also accepting cargo to Austria/ Hungary/Romania/Poland/Bulgaria/Czech. SIN USA/CANADA 28/2 LOS ANGELES/NEW
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      649 44 HONG KONG/CHINA 22/2 JAKARTA 21/2 BANGKOK 20/2 MANILA 22/2 BUSAN 22/2 KEELUN6 23/2 TOKYO/KOBE 26/2 KAOSHIUNG 20/2 PORT KELAN6/PENAN6 22/2 YOKOHAMA 21/2 COLOMBO 23/2 FELIXSTOWE/HAMBUR6 20/2 CHITTA6ON6/MADRAS 22/2 ROTTERDAM/LE HARVE/ANTWERP 20/2 BOMBAY/KARACHI 26/2 BARCELONA. MARSEILLES. GENOA 24/2 CALCUTTA 26/2 LAX/NYC 21/2 SYDNEY/MELBOURNE 25/2 CMT LINER EXPRESS AGENCIES PTE LTD «*SfH
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      517 44 y Conlerm CONTERM FREIGHT (F.E.) PTE LTD. AUCKLAND 28TH FEBRUARY ACCEPTING TO ALL PORTS IN NEW ZEALAND PENANG 3 MAR PORT KELANG 3 MAR JAKARTA 28 FEB AUCKLAND 28 FEB FREMANTLE 4 MAR SYDNEY 28 FEB MELBOURNE 28 FEB BRISBANE 8 MAR HAMBURG 27 FEB FELIXSTOWE 27 FEB GOTHENBURG 27
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      Page 44 Advertisements Column 3
      342 44 This Week's Sailings Singapore I KIRS I FORWARDER IN lo: hID lo: EID asia awarded Singapore Singapore ,so 9002 BV LRQA EVERY EVERY t Bangkok SUN Hamburg SAT EVERY EVERY Manila SLN Ho Chi Minh FRI EVERY EVERY Colombo TL'E Los Angeles SUN p INTERNATIONAL SEA FREIGHT FORWARDMG Tel: Fax:
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      Page 44 Advertisements Column 4
      302 44 I NIPPON EXPRESS Arrow International (Worldwide Consolidation System) WEEKLY TO: TOKYO/YOKOHAMA/NAGOYA/KAOSHIUNG/ HONG KONG/BANGKOK/KEELUNG/KOBE/ LOS ANGELES (LONG BEACH »/NEW YORK/ CHICAGO/SYDNEY/MELBOURNE/HAMBURG/ EELIXSTOW E/ROTTERDAM/DUSSELDORF WE ALSO DEAL IN ECL CARGO WORLDWIDE ARROW EXPRESS (SERVICE TO MALAYSIA) MALAYSIA TRUCK CONSOLIDATION Depart Singapore DAILY to K.L. BANGI. SHAH ALAM ARROW EXPRESS BONDED CONSOLIDATION Depart
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      Page 45 Advertisements Column 1
      1355 45 ACCEPTING LCL TO DARESSALAAM ON N BAH RAIN/3404 Nedlloyd Lines FEEDER VESSEL PKG PEN OCEAN VESSEL SM LEM RTM(I) HAM(2) BftV FIX SOU GOT VESSEL At P.K| fm *Bkk Sin S'baja Auckland Ff (A) dPtymoMlh(A) Tmani Lytt«Mon(B) bmtfn(B) Napier N«an(lm(C) Tawanta G o,a B G r 2 5 3 3/3
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      Page 46 Advertisements Column 1
      739 46 cosco UKC CONVENTIONAL SERVICE VESSEL PKL PNG P.O. LOADING FOR: A VESSEL 28/2 Rotterdam/Antwerp CHINA CONVENTIONAL SERVICE VESSEL PKL PNG P G. LOADING FOR: A VESSEL 15/03 20/03 Huangpu/Guartgzhou COSCO FULL CONTAINER SERVICES (FCL/FCL) EXPORT TO: CHINA/BANGKOK/HONGKONG EUROPE/CONTINENTAL WEST MEDITERRANEAN AUSTRALIA US WEST COAST PERSIAN GULF/KARACHI Please reter above mentioned
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      Page 46 Advertisements Column 2
      415 46 a EES FREIGHT SERVICES PTE LTD #01-60 Wallich Building, Wallich Street, Singapore 0207 Tel: *****66 (10 Lines) Fax: *****69/*****44 I"HANJIN JAKARTA" 11 "NANTA BHUM" 11 "OOCL FAITH" I V.135 II V.130N V.36E I ETD SIN: 28/2/93 11 ETD SIN: 27/2/93 11 ETD SIN: 26/2/93 I We provide competitive LCL rates
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      Page 46 Advertisements Column 3
      781 46 Antwerp 28/2 Fremantle 25/2 Bangkok 27/2 Bremen 28/2 Busan 29/2 Hamburg 28/2 Melbourne 28/2 J Hong Kong 29/2 LeHarve 28/2 UlllidVCnH Kaohsiung 27/2 Felixstowe 28/2 ■MiiiMiiiM Keelung 23/2 Rotterdam 28/2 Bombav i/3 Jakarta 28/2 Calcutta 25/3 Manila 29/2 J Chittagong 25/2 Lax Nyc 28/2 Karachi 1/3 'We travel all over
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      Page 47 Advertisements Column 1
      752 47 I HYUNDAI I MERCHANT MARINE CO. LTD. WESTBOUND TO EUROPE VESSELS VOY PNA I PKE I PGP VESSELS W)Y_ SIN RTM ANT* LEH* HAM BREt FEL HMM ADVANCE 06A 23/2 25/2 27/2 SI MARWER 303W 28/2 19/3 19/3 20/3 21/3 21/3 23/3 HMM ADVANCE 07A 2/3 4/3 6/3 H EXPLORER
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      Page 47 Advertisements Column 2
      524 47 STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS INBOUND VESSELS VfSSEL m SP PI MC u SEA LARK M ttl ASIAN ClPffl 1S« 27/2 2S/2 MflM GMOASM I 21 2 27/2 MR 1/1 MAKE MEE2E 11) 21/2 J/1 CB9BC PWNUR 21 1/1 SOMA! II 7/1 1/1 REISMM 1A 11/1
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      Page 47 Advertisements Column 3
      1159 47 OUR USA Fntajm l«i Ml HMtw Mm* IU OW HOU DM CM MB Mil WTt SERVICE CALLS mwi »im iiw it u *uwiaTcouiiiß »i7»i »n u i«/»i 17,03 ntiu »i i7/u »/u niln il SINGAPORE —m »wm c *us*ia num »um ti-n »i ;in wn m/ci m/m »i w/ii »/u
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      62 48 IP^^INOLDuii Tomorrow in Business Times M.V. "ESPERANZA ACE" VOY. 41 Arrived 18th February 1993 Consignees of all damaged cargoes ex the captioned vessel is hereby notified that a general survey will be held on the 25th February 1993 0900-1200 hours at PT 10. No further survey will be entertained thereafter.
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      45 48 PtechSTOLCGT Tomorrow in Business Times The best Business Class to Europe? Finnair's new wide bodied MD-11 offers speed, comfort and space that's miles ahead of its competitors. Call your travel agent or 733 3377 for more details. We know the world from start to Finnish.
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