The Business Times, 18 March 1993

Microfilm: NL18519
Total Pages: 50
1 50 The Business Times
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  • Title Section
    Masthead
    13 1 BUSINESS TIMES WI-: KNOW ASIA MITA (P) 552/12/92 Thursday March 18 1993 75*
    13 words
  • 2am LATEST
    • Article
      Lock icon US ready to help end violence in N Ireland
      75 1 AP WASHINGTON President Bill Clinton told Irish Prime Minister Albert Reynolds yesterday that the United States "stands ready to help" end violence in Northern Ireland but the best hope for peace is talks between the Irish and British governments. He also
      AP  -  75 words
    • Article
      Lock icon China winds up new bid to join Gatt
      83 1 AP GENEVA China yesterday wound up a new three-day presentation of its bid to join the 108-nation General Agreement on Tariffs and Trade (Gatt). A new round of the talks will be held at the end of May, said an official who
      AP  -  83 words
  • Article, Illustration
    MARKET SUMMARY
    114 1 Stock market indices Monday C lunge STII 1.662.63 +13.28 KLSE Composite 640.39 +2.60 Nikkei 18,173.37 +205.07 Hang Seng 5,958 33 -21.71 SE'I Index 906.26 +1.14 Jakarta Composite ...310.78 -0.31 CLSA China B 1.468 33 -29.14 Aust All Ord 1,675.6 +16.3 FrSE 100 2,890.8 -28.5 Monday Previous I lam
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  • Article, Illustration
    Suharto unveils Indonesian Cabinet with 24 new faces
    622 1  -  From Maggie Ford in JAKARTA Indonesia's President Suharto, reelected last week for a sixth five-year term, yesterday heralded a new era in the country's politics and development with a new Cabinet lineup which featured a sharp swing to the younger generation. Twenty-four
    622 words
  • Article
    Lock icon China calls Patten a criminal, to start shadow govt for HK
    626 1 AFP Reuter HONGKONG China yesterday branded Hongkong Governor Chris Patten a "criminal" and said it would unilaterally begin setting up its own shadow government for Hongkong now that Britain had shut the door on talks by pressing forward with
    AFP; Reuter  -  626 words
  • Article, Illustration
    Lock icon Calcutta bomb blast kills at least 47
    421 1 Reuter AFP CALCUTTA A huge blast of explosives killed at least 47 people yesterday in Calcutta, India's second biggest city, just four days after a string of bombs ripped through Bombay killing hundreds. There were conflicting theories whether the Calcutta explosion was linked
    Reuter; AFP  -  421 words
  • Article, Illustration
    Beijing's blast seen as mild, Hang Seng rebounds
    314 1  -  From Catherine Ong in Hongkong DESPITE the blistering personal attack against Governor Chris Patten, the statements by China's top official on Hongkong affairs, Lu Ping, were seen in Hongkong as milder than expected. After the 3pm press conference by Mr Lu. telecast
    314 words
  • Article
    Japanese market surges 205 points
    88 1 SINGAPORE The Japanese stoek market ended at this year's high yesterday, with the 225-share Nikkei Average closing 205.07 points up at 18,173.37. The close exceeded the pre- vious year-high of 18.086.18. achieved on Monday, and is the highest since 18.394.76 on Sep 25 last year.
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      189 1 rBurberrys ?W'^> I Reigns when it pours AHCI CONTENTS News Companies Spore News 2 SporeMsia 9.10.11.12 Regional News 3.4.6 Fmancial 13.14 World News 8 FwtHrn Warfcrts Analysis 29 dob/RISE. StS 21.22 E (Moral 28 Regional World 19 law 27 World 19 Sports 23 Currencies 14 TV/litestyte 25 Sunex/Commo lb Subscription
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      10 1 The Law Page Impact oj sanctions on trade Pg 27
      10 words
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      19 1 Hock IxK'k Siew Banking: lough challenge in Ihfrkyui fy#' Bottom line: Patten must give in, or go. Back Pg
      19 words
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      100 1 ijypie Bottom Line ymten MUSI go Hack Pg I V I I '^^^Bd«iv36B Bmuise W"l Wf v mh a^H JKSB<TTr/Wi 1 i S<W» /(mnkulm 4- >rmrr rntrr THONG S»A CO <SI PTE LTD *1 Ridrtord Road *W <*> Thonfua BUf. Singapore 0922 Tel 737-6122 tmomc SA SDN BHD level I.
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  • SINGAPORE NEWS
    • Article
      SBC's likely privatisation delayed one year to end-'94
      373 2 SBC's likely privatisation delayed one year to end- '94 Yesterday in Parliamen THE Singapore Broadcasting Corporation is now likely to be privatised by the end of 1994 about a year later than originally planned. Minister for Information and the Arts George Yeo yesterday told Parliament he had been "pushing for
      373 words
    • IN SHORT
      • Article
        Allocation for sports adequate
        87 2 MINISTRY FOR COMMUNITY DEVELOPMENT HENG CHIANG MENG (Cheng San GRC) refused to withdraw his amendment in the Budget debate when Community Development Minister Yeo Cheow Tong rejected his call for more incentives to get world-class sporting events to be staged here. Mr Yeo said there were
        87 words
      • Article
        A courtesy council, please
        87 2 MINISTRY OF INFORMATION THE ARTS A SINGAPORE COURTESY COUNCIL, made up mostly of members from the private sector, will be set up to give a boost to the National Courtesy Campaign, which is entering its 15th year, said Dr Ker Sin Tze, the Minister of State
        87 words
      • Article
        Specialist libraries under study
        115 2 SPECIALIST LIBRARIES, like those for the business commu- nity or on the arts, are being looked into by the government in an effort to revamp the national library system. But specialist libraries must find their own "champions" for support, said BG George Yeo, the Minister for
        115 words
      • Article
        Dialect lessons for businessmen
        66 2 CLAN ASSOCIATIONS are welcome to conduct dialect classes for businessmen venturing out into the region, especially to China and Taiwan, said Dr Ker Sin Tze, the Minister of State for Information and the Arts. The government, he said, recognised the economic value of knowing how to
        66 words
      • Article
        In support of community centres
        80 2 MINISTRY OF FINANCE THE FINANCE MINISTRY is studying a proposal to grant tax breaks to whoever makes donations to community centres and clubs, according to Foreign Minister Wong Kan Seng, who is also the deputy chairman of the People's Association. The community centres and clubs
        80 words
    • Article
      Cost of running hospitals higher but better managed
      238 2 THE cost of running government restructured hospitals has risen in the past three years but has been better managed. Total operating cost jumped from $486 million in 1990, to $534 million in 1991 and $547 million in 1992. But the total operating
      238 words
    • Article
      A bigger SPH good for S'pore, says BG Yeo
      172 2 A BIGGER Singapore Press Holdings, capable of competing against international newspaper giants, would give Singapore a voice beyond its shores, says Information and Arts Minister BG George Yeo. "We should be glad that we have a strong organisation which is a
      172 words
    • Article
      More child-care subsidy for working mothers
      131 2 FROM April, the Government will raise its subsidy to working women who put their children in child-care centres. For a child in full-day care, the subsidy will be raised by $30 to $130. For a child in half-day care, it will be raised by
      131 words
    • Article, Illustration
      Ban on chewing gum has paid off, says govt
      499 2  -  By Jaime Ee IT WAS a bad day for children and burglars when the Singapore government decided to ban chewing gum in January last year. The kids had to give up one of their favourite sweets. And burglars lost one of
      499 words
    • Article, Illustration
      Lock icon When it's worth queueing overnight
      302 2  -  By Colin Tan WORD must have got out that there are bargains to be had at Hong Leong Building. A large crowd gathered on the ground floor of the building yesterday, hoping to have their choice of flats at Azalea Park Hong Leong's latest condominium
      Photo by Arthur Lee  -  302 words
    • SINGAPORE ROUNDUP
      • Article
        S'poreans need sense of space, time
        106 2 SINGAPOREANS have to have a sense of spacc and time if the country was to create an external economy. Minister for Information and the Arts George Yco said yesterday. "If we are a parochial people with concerns that are all turned inwards, we will
        106 words
      • Article
        World's energy experts in town
        59 2 ABOUT 200 energy experts from 25 countries will meet at Nanyang Technological University today and tomorrow to consider problems and challenges in power engineering. They will gather for the International Power Engineering Conference 1993, jointly organised by NTU's School of Electrical and Electronic Engineering, the
        59 words
      • Article
        Corrections & clarifications
        51 2 Corrections clarifications IN BTs March 16 report, "No massive glut of office. residential property over next few years", we reported that 24 per cent of the 10.6 million sq ft of office space due in 1995 had been precommittcd. The year should have been 1997. We are sorry for the
        51 words
    • eye on the ECONOMY
      • Article, Illustration
        Lock icon Smaller appetite for dining out
        289 2  -  By Hong Lee Tiam GROWTH in the catering trade sales index narrowed considerably during the fourth quarter last year. Dining out. industry sources say, has reached its peak in Singapore. The index, which covers all eating places except hawker centres, and pegged at 100 in
        Source: Department of Statistics  -  289 words
    • Article
      SIA said to be unhappy with HPL travel unit's packages
      250 2 ONG BENG SENG's Travel Bug firm is ottering tour packages to more exotic destinations during the June school holidays, creating further unhappiness with Singapore Airlines. The wholly-owned subsidiary of HPL Tourism Leisure Pte Ltd is offering 23 charters to Beijing.
      250 words
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      111 2 Reports by Chuang Peck Ming and Schutz Lee m Rare Chinese Hardwood Furniture Classic Elegance Of Lasting Values //Owing to its unique characteristics, classic design and meticulous II if craftsmanship, Chinese Hardwood Furniture of quality has become treasured Yk I II colWtors' items and much desired adornment in elegant homes.
      111 words
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      8 2 Protect Your Computer Investment. Buv An Epson. EPSON
      8 words
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  • THE REGION
    • Article
      Indian-Asean meeting plans tie-ups to hasten cooperation
      372 3  -  From Neel Patri in NEW DELHI INDIAN and Asean officials, meeting here for two days, have not only established terms for sectoral dialogue but also gone on to identify projects to hasten cooperation. "We have gone beyond our agenda in a positive way,"
      372 words
    • Article, Illustration
      Lock icon Philippine businessmen rap govt over power crisis
      310 3 AFP MANILA Philippine businessmen yesterday assailed the government's handling of the electricity crisis and said 1993 economic growth targets could not be reached because of outages now lasting eight hours a day. The group demanded an official inquiry into projects of the state-owned
      AFP  -  310 words
    • Article
      Region set to gain from economic take-off in Indochina: Merrill Lynch
      291 3  -  By Anna Teo SINGAPORE An economic take-ofT for Indochina this year could spur a new growth pocket in Asia, says Merrill Lynch in its latest Asian Economic Commentary. The American securities firm sees the formal lifting of the US
      291 words
    • Article
      Lock icon Thai economic slowdown lessens fears of overheating: World Bank
      408 3 AFP BANGKOK The recent slowdown in the Thai economy has reduced concerns about overheating although it was worrying in the short term, a World Bank official said on Tuesday. The sustainability of growth in Thailand, given increasing regional competition, was the
      AFP  -  408 words
    • Article
      Businessman's ordeal: KL plans to summon US envoy
      525 3  -  From Leslie Lopez in KUALA LUMPUR ALLEGATIONS by prominent Malaysian businessman Eric Chia that he was wrongfully arrested at the John F Kennedy Airport in New York two weeks ago are threatening to sour already strained ties between the US and Malaysia.
      525 words
    • ASIA NOTES
      • Article
        Lock icon Taipei investigating dumping cases
        74 3 Reuter TAIPEI laiwan is investigating whether to impose anti-dump-ing tariffs on imports ol hot-rolled steel from South Korea and Brazil, the Finance Ministry said yesterday. It decided on Tuesday to investigate anti-dumping complaints filed by the state-run C hina Steel Corp. a spokesman said. The probe
        Reuter  -  74 words
      • Article
        Lock icon Shanghai signs deals worth US$250m
        67 3 Knight-Ridder HONGKONG Shanghai has signed contracts for four separate joint-venture projects worth US$25O million <Ss4l2 million) with companies from the US. Japan. Germany and Hongkong, the official Xinhua news agency reported. It said the contracts with Ford Motor Co ol the US. Japan's Fujita Corp,
        Knight-Ridder  -  67 words
      • Article, Illustration
        Lock icon Under wraps
        44 3 Reuter BLUING To try and extend their growing season, farmers lay plastic sheeting down at sunrise in a field outside the Chinese capital. The government has promised to boost investment in agriculture, including putting a price ceiling on the plastic sheeting Reuter
        Reuter  -  44 words
      • Article
        Lock icon Dhaka urged to change food policy
        59 3 Reuter DHAKA The World Bank has asked Bangladesh to stop supplying subsidised food to government employees and members of the armed forces and to divert it to the poor instead. A World bank report published by newspapers said an additional 4.3 million distressed people
        Reuter  -  59 words
      • Article
        Lock icon PNG may drop Queen Elizabeth too
        82 3 AP PORT MORESBY Papua New Guinea is considering joining Australia in dumping Queen Elizabeth II as head of state. Prime Minister Paias Wingti said yesterday. On Monday, Australian Prime Minister Paul Keating outlined plans to replace the queen with an Australian head of state
        AP  -  82 words
    • Article
      Lock icon Rise in China's military budget stirs fears
      642 4 NYT BEIJING A 15 per cent increase in China's military budget for this year, announced on Tuesday, adds to a string of increases in military spending that are alarming neighbouring countries. While China no longer faces any major threat on its borders, its
      NYT  -  642 words
    • Article
      Lock icon Sino-British row stalls HK land disposal scheme
      365 4 South China Morning Post HONGKONG Another casualty of the row over Hongkong's political reform could be the Sino-British Land Commission, which is due to discuss what land will be made available for Hongkong's development this year. The Chinese team leader of the commission.
      South China Morning Post  -  365 words
    • Article
      Lock icon Beijing hints at liberalising legislative system
      270 4 South China Morning Post HONGKONG Beijing has hinted that it may liberalise the country's law-making system and bring it more in line with Western practices. Vice-Premier Tian Jiyun has indicated that experts from different sectors of society would be drawn into the lawmaking process.
      South China Morning Post  -  270 words
    • Article, Illustration
      Lock icon Seoul backing off from plan for sweeping financial reforms
      437 4 AFP SEOUL The South Korean government is backing away from the president's campaign pledge to carry out a "real name system" for financial transactions, provoking criticisms that his zeal for sweeping reforms has cooled. President Kim Young Sam had promised to
      AFP  -  437 words
    • Article
      Lock icon No more target-setting trade accords, says Tokyo
      464 6 AFP TOKYO Japan has no intention of concluding any more trade agreements which set targets for the foreign share of the local market, a senior international trade and industry official said yesterday. Sozaburo Okamatsu, direc-tor-general of the ministry's International Trade Policy Bureau, said
      AFP  -  464 words
    • Article
      Lock icon Australia's services sector set to strengthen further, says govt study
      255 6 Reuter CANBERRA The services sector of the Australian economy is set to strengthen further over the rest of the year, according to a government study. Services production grew 0.9 per cent in the September quarter for a rise of 2.1
      Reuter  -  255 words
    • Article
      Lock icon Keating set to announce major Aussie Cabinet reshuffle
      375 6 Knight-Ridder CANBERRA Australian Prime Minister Paul Keating is set to announce a major reshuffle of his ministers, but it is unlikely to extend to the government's two senior economic postings. Sources close to the portfolios and the Office of the Prime Minister
      Knight-Ridder  -  375 words
    • Article, Illustration
      Lock icon Japanese nurses demand better working conditions
      44 6 Reuter TOKYO Some 2,500 nurses shooting up their fists as they shouted slogans demanding better wages and shorter working hours. They were at a demonstration at Tokyo's Hibiya Park yesterday as part of a workers' spring offensive. Reuter
      Reuter  -  44 words
    • Article
      Lock icon Japan to disburse US$100m loan to Russia
      221 6 Reuter TOKYO After more than two years of delay, Japan will finally disburse a US$lOO million (SSI6S million) loan to Russia to help it meet basic human needs. Japan's Export-Import Bank would grant .Moscow the lowinterest loan for buying food and medicine from
      Reuter  -  221 words
    • Article
      Lock icon Support for Japan's ruling party plunges to 4-year low
      289 6 AFP TOKYO Public support for Japan's ruling Liberal Democratic Part> (LDP) plunged to a near four-year low. the latest Kyodo News Service survey showed yesterday. Public support for the LDP fell to 36.5 per cent, its lowest level and first dip
      AFP  -  289 words
    • Article
      Lock icon Debate on republic status a non-issue in Aussie polls
      296 6 AFP SYDNEY The debate over whether Australia should become a republic was a nonissue during the election campaign here despite suggestions to the contrary by Britain's tabloid press, politicians and pollsters agreed yesterday. Three leading pollsters said it was completely irrelevant
      AFP  -  296 words
    • Article, Illustration
      Lock icon Kanemaru to stay behind bars while investigations continue
      546 6 Reuter TOKYO Japanese state prosecutors yesterday won court approval to keep disgraced former vice-prime minister Shin Kanemaru behind bars for another 10 days as they stepped up the search for his secret, undeclared riches. They have already indicted the 78-year-old Kanemaru on
      Reuter  -  546 words
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      215 3 Why does the world s fastestgrowing airline have fewer seats SB ftMJL .f, T~ft an} K 4ft"" ~^Jt i *x fjyj*< V^lH P* *f We specify that our new wide-bodied Airbus aircraft gives you a choice of six are fitted with far fewer seats than the manufacturer channels of entertainment
      215 words
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      218 4 PANASONIC PLAIN PAPER LASER FACSIMILE. >r?. E m WSr —-Wtr-—~_ ST/ < 1-'" v>* y v. s'<'>.■ :^^lHli^^—— THE SIX SECOND FACTS. Fact 1. Since the Panasonic UF-766 is a plain paper fax, your documents won't fade and you won't waste time going back and forth to make copies for
      218 words
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      228 5 Sr B^^^^B v> w b^B±^BBH lalSy.l -i &M.& |r I IbH $M-' SBWP-' >Z^^H^H Uwkf- v ,JHH&gpi£jV k I v*:l. <^Hr.''' V 4|| |lllA|U!i!KljyiE OH|yn V jf^jr 'jSff fl^B HH kebbß im,f >v > lifv t<jx ■H^c ■ITihi i^Sr> SOLE AGENT SERVICE CENTRE W t'L L F* 1 \f t
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      211 6 IPwfiSSI THE CROWN PRINCE ADVANTAGE. Whether in Singapore or Fenang, most business travellers prefer the central location and value of a Crown Prince Hotel. In business, it always pays to be in the right place at the right time. Which is why Crown Prince is where it matters for smart
      211 words
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      15 6 Make new business contacts through classification -jk 203 in The Straits Times Classified. c.a.t.s. 737-116*
      15 words
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  • REGIONAL FOCUS
    • Article, Illustration
      Lock icon Provinces slowly open to foreign travellers
      705 7 Vietnam's race to catch up with the rest of the world Reuter HANOI An ancient Vietnamese proverb says: "The emperor's rule stops at the village gate." The saying aptly describes the modem-day refusal by many provinces to obey Hanoi as it tries to ease
      Reuter  -  705 words
    • Article
      Lock icon Communist party rethinks role to be more relevant
      537 7 Reuter HANOI The head of Vietnam's communist party says the country became Marxist only as a last resort after nationalist leader Ho Chi Minh failed to find other ways to end French colonial rule. Do Muoi, the general-secre-tary of the party, said
      Reuter  -  537 words
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      465 7 k ou won k™! aCD player hear a live performance of the the romantic atmosphere our rare and sometimes rather that revives the spirit of the composer's wort. hoxes create wherever they play, expensive (they range in price g reat composers quite like a REIT.L I'M: ORIGINAL y ou ave
      465 words
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  • THE WORLD
    • WORLD WATCH
      • Article
        Lock icon Canada plans petition at Nafta talks
        99 8 Reuter OTTAWA Canadian trade officials said on Tuesday they planned to petition the US and Mexico for protection of workers and the environment when representatives from the three countries met in Washington yesterday. Trade Minister Michael Wilson told reporters Canada may not give final
        Reuter  -  99 words
      • Article, Illustration
        Lock icon Unflagging determination
        48 8 Reuter ROME Filippo Berselli (centre), a member of the Italian neo-fascist Social Movement, raising a banner saying "Out the Thieves" on the floor of the parliament's Lower House moments before being expelled. Prime Minister Giuliano Amato's opponents repeatedly demanded the government's resignation and new elections. Reuter
        Reuter  -  48 words
      • Article
        Lock icon Bosnian Serbs face sanctions
        85 8 AFP WASHINGTON Lord Owen, the European Community (EC) mediator in Yugoslavia peace talks due to resume yesterday in New York, says Bosnian Serbs will likely face sanctions if they refuse to sign the peace plan. Lord Owen, interviewed on ABC television in New York late on
        AFP  -  85 words
      • Article
        Lock icon Clinton names 5 ambassadors
        69 8 Reuter WASHINGTON President Bill Clinton on Tuesday named five career Foreign Service officers to ambassadorial positions and Boston Mayor Ray Flynn confirmed he would be named the next US ambassador to the Vatican. Mr Clinton nominated Alvin Adams, a former ambassador to Haiti and Djibouti, as
        Reuter  -  69 words
      • Article
        Lock icon US role in N Ireland sought
        85 8 Reuter WASHINGTON Irish Prime Minister Albert Reynolds told President Bill Clinton on Tuesday he hoped the US would join in "efforts to find a "new formula for peace" in Northern Ireland. Addressing a formal dinner of the American Ireland Foundation, which Mr Clinton also
        Reuter  -  85 words
      • Article
        Lock icon W German machinery output down
        58 8 Bloomberg Business News FRANKFURT Western German machinery production slumped 6 per cent in 1992, following a fall of one per cent in 1991, said Jan Kleinewefcrs, president of the machinery and engineering association VDMA. "1992 was a year of disappointed hopes," he told reporters at
        Bloomberg Business News  -  58 words
    • Article
      Lock icon G-7 may hold ministerial meeting on Russian aid
      196 8 Reuter TOKYO The Group of Seven (G-7) major industrial nations is more likely to consider an emergency meeting of its Cabinet ministers than of its leaders on the question of Russian aid, a Japanese ofTicial said yesterday. Japan was likely to propose
      Reuter  -  196 words
    • Article
      Lock icon US economic panel unveils plan to erase deficit by 2000
      422 8 Knight Ridder WASHINGTON A blue-ribbon economic panel yesterday proposed an ambitious programme aimed at more than doubling productivity growth and wiping out the US trade deficit by the turn of the century. The Competitiveness Policy Council said the goals could
      Knight Ridder  -  422 words
    • Article, Illustration
      Lock icon Yeltsin warns West of communist comeback
      640 8 NYT MOSCOW In his first public appearance since his drubbing at the hands of the Russian legislature. President Boris Yeltsin told the visiting French president on Tuesday that Moscow needed urgent help from the West to block what he described as a threatened communist
      NYT  -  640 words
    • Article, Illustration
      Lock icon Creditors back Brazil's plan to restructure US$44b debt
      435 8 Reuter NEW YORK Brazil's creditors have thrown their weight overwhelmingly behind a restructuring of the country's USS44 billion (5572.6 billion) bank debt, but bankers say there is still a race against the clock to finish the deal. Brazil, the developing world's largest
      Reuter  -  435 words
    • Article
      Lock icon Current account gap widens sharply
      225 8 NYT WASHINGTON The US current account deficit, the broadest measure of foreign trade and investment performance, widened sharply last year after hav ing been held down in 1991 by pay ments from allies in the Gulf War. the US Commerce Department said on Tuesday. The
      NYT  -  225 words
    • Article
      Lock icon Environment minister joins race to lead Canada's Conservatives
      343 8 Reuter MONTREAL Canada Environment Minister Jean Charcst joined the Conservative Party leadership race on Tuesday, but he is seen as a long shot against Defence Minister Kim Campbell, who could become Canada's first woman prime minister. Mr Charest. the first major contender
      Reuter  -  343 words
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      114 8 HAKATA FAVOURITES IN TOKYO BUFFET Spoil yourself with a superb Tokyo Weekend Buffet Lunch at the Senbazuru where you'll discover Japanese food at its inspired best. Select from choice Hakata specials like Simmered Vegetables "Game Ni" and Herring Roe dishes. Or the familiar all-time favourites of teppanyaki, tempura, sushi and
      114 words
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  • COMPANIES & MARKETS
    • Article
      OUB group net earnings soar to record $106 m
      592 9  -  Strong contributions from Hongkong, Malaysian and Singapore operations By Magdalene Ng SINGAPORE Higher earnings from Malaysian, Hongkong and Singapore operations pushed Overseas Union Bank's profits to a record level in 1992. The smallest of Singapore's Big Four banks said yesterday that
      592 words
    • Article, Illustration
      CWT Distribution's public offer more than 130 times subscribed
      414 9  -  By Dexter Lee SINGAPORE CWT Distribution's public offer closed yesterday more than 130 times subscribed one of the highest rates ever for a main board listing. CWT had offered 25 million shares of 25 cents par value at 85 cents apiece.
      414 words
    • Article
      Odeon Towers fails to boost UOL's earnings
      216 9 SINGAPORE United Overseas Land Ltd posted flat earnings for 1992 despite the maiden contribution of its office block Odeon Towers. The property arm of United Overseas Bank said yesterday that net earnings for the year to Dec 31 rose 2.9 per cent to
      216 words
    • Article
      S'pore banks with Thai offshore licence face tough challenge
      635 9  -  HOCK LOCK SIEW By Loh Hui Yin BANGKOK Sober-suited bankers from around the world, including a handful from Singapore, converged on Government House in Bangkok on Tuesday. They and their counterparts from 15 Thai banks were there to receive a coveted
      635 words
    • Article
      OUE announces poor results and $150 m bond, warrant issue
      414 9  -  By Kooi Cho Teng SINGAPORE Overseas Union Enterprise, the hotel and property arm of Overseas Union Bank, yesterday released dismal results and announced a $150 million bond and warrant issue. OUB will pay $172.13 million for the entire issue, after
      414 words
    • Article
      Carnaud Metalbox Asia posts 28.9 pc rise in net earnings
      323 9 SINGAPORE Sharply lower interest expenses and tax charges helped Carnaud Metalbox Asia post a 28.9 per cent rise in net earnings last year. Net profits rose to $31.06 million despite a 1.2 per cent drop in turnover to $322.9 million.
      323 words
    • Article, Illustration
      Lock icon SUMMARY
      310 9 Source: Bridge Info Performance of STII's iadox stocks Mar 17 Last Seas* latrx Stack tale Char factor aoven (S) (V) Avimo I 890 1.57 CAC 6 900 5.74 Cereboa 5 450 4 54 FAN 12 500 0 500 10 40 52 08 CF Asia 3 200 2.66 GcnMag 1240
      Source: Bridge Info  -  310 words
    • COMPANIES
      • COMPANY BRIEFS
        • Article
          Dunlop awaiting word from Guangdong
          38 10 SINGAPORE Dunlop Estates Bhd said in an announcement yesterday it is still awaiting official notification from the Provincial Government of Guangdong if it can proceed with the joint venture lottery operation in Guangdong.
          38 words
        • Article
          Tongkah cuts losses
          114 10 SINGAPORE Tongkah Holdings Bhd posted a group interim attributable loss of M 5299,000 as at end-December 1992, compared with a loss of M 52.23 million previously. Group pre-tax profit was M 5327,000 compared with a loss of M 52.21 million before. Group turnover was $9.01 million, up
          114 words
        • Article
          Leader Universal finalising China deals
          70 10 KUALA LUMPUR Leader Universal Holdings Bhd said it is still in finalising various agreements with its Chinese counterpart following its proposed joint venture with the Shantou Post and Telecommunication Bureau for the setting up of cable and cablerelated manufacturing facilities at Shantou in the Guangdong
          70 words
        • Article
          Bedford transfers Mycom shares
          68 10 SINGAPORE Bedford Bhd said yesterday it has agreed to transfer its stake of 11.4 per cent in Mycom Bhd from Bedford Excel Venture Sdn Bhd to BB Equities (BV1) Ltd, a company incorporated in the British Virgin Islands, for M 574.8 million. Both Bedford Excel Venture
          68 words
      • Article
        Mulpha International buys Vietnam hotel joint venture
        236 10 SINGAPORE Mulpha International Bhd said yesterday it is buying a Vietnam hotel joint venture for US$2.2 million (553.6 million). In an announcement to the Kuala Lumpur Stock Exchange, Mulpha said it is buying Asian Fame Development Ltd, a Hongkong investment holding firm, from
        236 words
      • Article
        Lock icon Genting pre-tax profits up 19pc, Asiatic Dev up 37pc
        318 10 MBT KUALA LUMPUR Genting Bhd has posted a 19 per cent rise in group pre-tax profit to M 5694.86 million (*****.4 million) for the year ended Dec 31, 1992, on a 35 per cent increase in turnover to MS 1.64 billion.
        MBT  -  318 words
      • Article
        Prima's profit plunges 50pc despite higher turnover
        464 10  -  By Teh Hooi Ling SINGAPORE For the second year running, flour miller Prima Ltd has seen group net earnings drop this time by 50 per cent to $11.5 million. The unflattering result for the year to Dec 31, 1992, was recorded despite a
        464 words
      • Article
        Lock icon Autoways banking on growth in exports to developed countries
        230 10 Bernama KUALA LUMPUR Autoways Holdings Bhd says the continued growth of its exports of masterbatches and compounds to developed countries will enable the company to expand its export base. Chairman and managing director See Teow Kheng said in his 1992 annual
        Bernama  -  230 words
      • Article
        Lock icon MAS may postpone taking delivery of new aircraft
        212 10 Bernama KUALA LUMPUR Malaysia Airlines is considering deferring taking delivery of some aircraft slated under its M 59.6 billion (SS6.I billion) fleet expansion programme from next year owing to sagging global air traffic. But there would definitely be no cancellations of orders,
        Bernama  -  212 words
      • Article
        Lock icon MBf launches investment plan for card members
        223 10 Bernama KUALA LUMPUR MBf Unit Trust Management Bhd (MBfUT) yesterday launched Vision Investment Plus (VIP), a plan specially designed for MBf Vision card members to invest in the equity market through participation in the MBf First Fund. Through VIP. it was hoped that
        Bernama  -  223 words
      • Article
        Lock icon Woo Hing share offer oversubscribed
        153 10 Bernama KUALA LUMPUR Woo Hing Brothers (Malaya) Bhd's 666,000 shares for the bumiputra portion representing 30 per cent of the total shares offered for public subscription have been oversubscribed 21.54 times. For this portion, 10.449 applications for 15 million shares were received, MIDFCCS Sdn Bhd
        Bernama  -  153 words
      • Article
        UNIT TRUSTS & FUNDS
        453 10 UNIT TRUSTS FUNDS Managers' prices Mar 18 Prudential Singapore Unit Trust PruLink M»d Fund 105 111 The C ommerce 1 27 1 33 MAAA-BlMli|Nftra io 'iJt? FirM B'putra 160 165 om n« Seoood B >" ra 1J7 «*d Spore Invent Fund 0 03 0 98 7 35 7 40 Spore
        453 words
      • Article
        DIVIDENDS ANNOUNCED
        498 10 Payment Ex Books Pi) date dose dale Avimo 20 1 F I2.5TE Feb 17 Mar I Apr 15 BAT 21* F 114.2 Mar 23 Mar 29 Apr 6 Beijaya Group I 4 Mar 18 Apr 2 Apr 15 Berjaya Ind I 3 Mar 4 Mar 18 Apr 8
        498 words
      • Article, Illustration
        Lock icon Investors play waiting game as new Seoul govt takes over
        622 11  -  By SN Vasuki SINGAPORE Foreign institutions and punters on South Korea's stock exchange are an anxious lot these days. Their initial enthusiasm about reforms promised by the new Kim Young Sam administration has given way to fears about a prolonged
        Source: Datastream  -  622 words
      • Article
        Lock icon Swire profit seen rising as high as 48pc
        332 11 MARKET WATCH Bloomberg Business News HONGKONG Swire Pacific, one of Hongkong's largest conglomerates, is expected to report today that it had a bumper year in 1992 with an increase in after-tax profit between 17.2 and 48.5 per cent, analysts said. Their forecasts
        Bloomberg Business News  -  332 words
      • Article
        Lock icon NYSE-listed China firm posts interim profit
        452 11 South China Morning Post HONGKONG Brilliance China Automotive Holdings, the first mainland stock listed in New York, has announced a net profit of 37.4 million yuan (about 5510.7 million) for the final six months of last year. Total sales were 681 million yuan, while
        South China Morning Post  -  452 words
      • COMPANY BRIEFS
        • Article
          Lock icon Acer considering link with Nintendo
          81 11 Reuter TAIPEI Major Taiwanese computer maker Acer Inc said yesterday it was considering the possibility of cooperation with Japan's Nintendo Co in the electronic games industry. Acer spokeswoman Anne Tseng said the companies had exchanged views on the issue and Acer planned to submit a
          Reuter  -  81 words
        • Article
          Lock icon Ricoh eyeing US office market
          60 11 Reuter ORLANDO. Florida Targeting the expanding US market for integrated office systems, Ricoh Corp unveiled 16 new office equipment products. Many of the new products, which involve digital technology, are designed to connect with printers, personal computers and other office components, a trend considered the
          Reuter  -  60 words
        • Article, Illustration
          Lock icon McDonald's Japan net gain down 19pc
          43 11 Reuter TOKYO McDonald counter attendant bowing as he serves a customer at one of Tokyo stores. McDonald's Japan net profit plunged 19.4 per cent to 4.79 billion yen (5567.5 million), the first decline in three years. Reutcr
          Reuter  -  43 words
        • Article
          Lock icon Pepsi forms joint venture in Vietnam
          50 11 Reuter BANGKOK Pepsi-Cola Co signed documents on Tuesday committing it to become a joint-venture partner in a Vietnamese bottling operation after the US economic embargo is lifted. This would make it the first major US company to publicly declare its return to Vietnam. Reuter
          Reuter  -  50 words
        • Article
          Lock icon Ceylon Tobacco profits 25pc lower
          75 11 Reuter COLOMBO Ceylon Tobacco, a subsidiary of multinational BAT, said its after-tax profits dropped by 25 per cent last year. Net profit was 191.5 million rupees compared with 254.7 million rupees in 1991. Turnover rose to 12.4 billion rupees compared with 10.9 billion rupees. Chairman
          Reuter  -  75 words
        • Article
          Lock icon Call for end of stock sales tax
          77 11 Knight Ridder TOKYO Tokyo Stock Exchange president Minoru Nagaoka yesterday urged the abolition of the securities transaction tax as part of a new economic stimulus package, expected to be unveiled by the government later. He said if the government plans to include various
          Knight Ridder  -  77 words
      • Article
        Lock icon Six computer firms act to ward off Microsoft challenge
        334 12 NYT NEW YORK IBM, Hew-lett-Packard and Sun Microsystems and three other computer companies were to announce steps yesterday to standardise their versions of the Unix software operating system to prepare for the challenge of the Microsoft Corp's NT system, expected later
        NYT  -  334 words
      • Article, Illustration
        Lock icon Taurus collapse won't affect London's role: bourse chief
        215 12 Bloomberg Business News LONDON Ixindon will remain a key element in European capital markets, even after the Taurus paperless transactions project has been scrapped, Ix>ndon Stock Exchange chairman Andrew Hugh Smith said. Mr Smith said although the Taurus project had collapsed, "London
        Bloomberg Business News  -  215 words
      • Article
        Lock icon Wang plans revamp to emerge from bankruptcy
        408 12 NYT BOSTON Calling it the "reinvention of Wang". Joseph Tucci. president and chief executive of Wang Laboratories Inc. disclosed a plan on Tuesday to reorganise the company and emerge from Chapter 11 bankruptcy protection. The plan calls for eliminating more than one-third of
        NYT  -  408 words
      • Article
        Lock icon Macy's posts quarterly profit
        347 12 Strong holiday sales boost retailer's net income to USsB.9m Bloomberg Business News NEW YORK RH Macy Co posted a quarterly profit for the first time in two years as a result of strong holiday sales, fewer clearance sales and lower expenses. Macy's net income for the
        Bloomberg Business News  -  347 words
    • FINANCE
      • Article
        Sikap to borrow US$1.3b to build 2 Perak power stations
        323 13  -  By Quak Hiang Whai SINGAPORE Malaysia's Sikap Energy Ventures (SEV) will borrow US$l.3 billion (SS2.I billion) to finance the construction of two power stations it is building in the state of Perak. SEV's financial adviser, Fieldstone Private Capital (Asia) Ltd,
        323 words
      • Article, Illustration
        Lock icon Contract terminated
        47 13 Reuter BELGRADE Belgrade hard currency savers burning copies of their contract with private Jugoskandic Bank during a protest in the centre of Belgrade on Tuesday. The owner of the bank fled Yugoslavia after announcing that he was leaving because of "corruption in the government". Reuter
        Reuter  -  47 words
      • Article
        Philippines to cut down on foreign borrowing from July
        305 13  -  From Al Labita in MANILA MANILA The Philippines will start cutting down on foreign borrowing from July, in a marked shift from its previous loan-dependent image. First to go will be a U552,875 billion (554.73 billion) trade credit facility which the
        305 words
      • Article
        Lock icon S Korea eases financial regulations to boost economy
        197 13 AFP SEOUL South Korea has scrapped restrictions on consumer finance, credit card use and foreign exchange holdings as part of an inter-ministerial effort to cut through red tape and stimulate the economy. Finance Ministry officials said yesterday. The measures are part of
        AFP  -  197 words
      • Article
        Lock icon Foreign banks say they are hit by Seoul's rate cuts
        217 13 Knight Ridder SEOUL Foreign banks operating in South Korea say their lending-relatcd business has come under pressure since the Bank of Korea lowered most regulated interest rates in January. Business has been hurt because lending rates at domestic institutions have
        Knight Ridder  -  217 words
      • SMALL CHANGE
        • Article
          Lock icon China to halt yuan's fall: report
          91 13 Reuter HONGKONG People's Bank of China, China's central bank, plans to adopt new measures to halt the nation's currency from falling against the US dollar, the China News Service said yesterday. "People's Bank of China will resort to measures like tightening up renminbi lending
          Reuter  -  91 words
        • Article
          Lock icon Bangladeshi banks' surpluses defended
          84 13 AFP DHAKA Bangladeshi state-run commercial banks currently have a total of 4.81-billion-taka (SS2O2 million) surplus liquid assets, the central bank said, rejecting allegations that it was "abnormal". The central Bangladesh Bank said in a statement published yesterday that after reviewing the situation, it felt the surplus
          AFP  -  84 words
        • Article
          Lock icon UAE insurer to pay highest dividend
          87 13 Reuter ABU DHABI A United Arab Emirates (UAE) insurance company has said it is paying its highest dividend ever for 1992 after profits more than doubled. The Abu Dhabi-based Al-Dhafra Insurance Co said after a board of directors meeting on Tuesday that its net
          Reuter  -  87 words
        • Article
          Lock icon Credit National to bid for rest of unit
          68 13 Bloomberg Business News PARIS French semi-public financing establishment Credit National will bid for the 17.5 per cent it does not already own of its Financiere Saint-Dominique subsidiary. The operation would be carricd out via a share swop on the basis of one
          Bloomberg Business News  -  68 words
        • Article
          Lock icon Bid to open investment bank in Slovakia
          57 13 Reuter VIENNA Creditanstalt-Bankverein is setting up an investment bank in newly independent neighbouring Slovakia, its chief executive-designate said on Tuesday. Bratislava-based Creditanstalt Securities would be like a typical Western investment bank, offering consultancy and mergers and acquisitions services, particularly in the light of
          Reuter  -  57 words
      • Article
        Phnom Penh acts to prevent Thai monopoly in banking
        243 14  -  By Harish Mehta SINGAPORE The Phnom Penh government has stopped granting licences to Thai institutions to set up banks in Cambodia to prevent them from dominating the country's fledgling financial industry. The Cambodian government's move stems from concern that seven of
        243 words
      • Article, Illustration
        Lock icon Thailand stands to gain from trade liberalisation, says minister
        558 14 Reuter BANGKOK Thailand stands to gain far more than it will lose by opening up to international competition, especially in the finance sector, according to the deputy prime minister for trade. "We stand to gain on a lot of points if
        Reuter  -  558 words
      • Article
        Lock icon US storm likely to hit primary insurers hard
        470 14 IHT NEW YORK Losses from the violent weekend storm in the eastern US are likely to hit primary insurance carriers harder than would have been the case a year ago, say analysts. This, they said, was because of rate hikes for reinsurance
        IHT  -  470 words
      • Article
        Lock icon Junk-bond listing system in US scheduled to start in October
        632 14 Bloomberg Business News NEW YORK The first system to provide junk-bond trading information to the US public is scheduled to begin operating in October, says a spokesman for the US National Association of Securities Dealers (NASD). The system requires dealers
        Bloomberg Business News  -  632 words
      • Article
        Lock icon US$45b more sought for thrift clean-up
        450 14 Reuter WASHINGTON The Clinton administration on Tuesday asked Congress for an additional US$45 billion (5573.8 billion) to help complete the massive cleanup brought about by the nation's savings and loan crisis. While not issuing a blanket guarantee, Treasury Secretary Lloyd Bentsen told House lawmakers
        Reuter  -  450 words
      • Article, Illustration
        Banque Indosuez REGIONAL CURRENCY REPORT
        133 14 IT WAS another day of lacklustre activity yesterday with the US dollar unable to budge from its recent ranges. Against the Singapore dollar, the American dollar opened slightly firmer around 1.6455-60, touched a high of 1.6466 and thereafter drifted down in quiet trading, ranging 1.6455-65.
        133 words
      • Article
        Lock icon London
        182 14 AFP I he dollar was steady and share prices retreated in subdued European trading on Wednesday in the run-up to a regular policy session at Germany's Bundesbank which lately has tended to tranquillise pre-meeting market activity. Traders and financial market analysts were split over whether to expect further German
        AFP  -  182 words
      • Article, Illustration
        Untitled
        1486 14 Irade-vnthltd index cakvlaled against S parrs lap 14 trading partners Base xt 198! US$/S$ forward rates Noon Mar 17 ss BW Offer 1-month 1.6424 1.6439 2-month 1640} 1.6420 i-month I 63M ***** 6-month 1.6352 1.6372 Sourer OCBC Source: OCBC FOREIGN CURRENCY NOTE RATES As at It— yattardny: Singapore dollars to
        1,486 words
      • Article
        Lock icon New York
        84 14 AFP NEW YORK The dollar was little changed against other currencies yesterday with traders proceeding cautiously on the eve of a bi-weekly meeting of the Bundesbank, which was expected to lower German interest rates. Around 9:30 am (1430 GMT), the dollar was trading at 1.6625 German marks against
        AFP  -  84 words
    • COMMODITIES & FUTURES
      • Article
        Lock icon US futures industry scrambles to maintain footing at home
        578 15 Reuter CHICAGO The US futures industry, already smarting from missed growth opportunities overseas, is mired in a battle to maintain its footing at home, industry officials say. When industry leaders gather at an annual meeting in Florida this week, they will
        Reuter  -  578 words
      • Article
        Lock icon ISO lowers sugar surplus forecast for 1992/93
        463 15 Reuter LONDON Global sugar production in 1992/93 (Oct/Sept) will exceed consumption by 290,000 tonnes, raw value, the International Sugar Organisation's secretariat said in its third assessment of the crop cycle published soon. The ISO had previously put the surplus at 2.49 million tonnes,
        Reuter  -  463 words
      • Article
        Lock icon Booming bullion business prompts gold council to open Saudi branch
        254 15 Reuter DUBAI The Geneva-based World Gold Council (WGC) is opening an office in Saudi Arabia to monitor its booming gold trade worth US$l.4 billion (about 552.3 billion) in 1992. "Business is booming and the growth rate is more accelerated than
        Reuter  -  254 words
      • Article
        Lock icon India sees S-E Asia as key groundnut meal market
        527 15 Purchases expected to rise in line with region's growth KnightRidder BANGKOK South-east Asia will be a key market in raising India's groundnut meal exports by between 10 and 20 per cent in fiscal 1993-94 (April-March) from 1992-93's estimated sales of more
        Knight- Ridder  -  527 words
      • Article
        Lock icon PNG raises stake in giant Porgera gold mine
        466 15 Reuter SYDNEY The Papua New Guinea government has won a fight to more than double its stake and boost its share of profits from the billion-dollar Porgera gold mine, in spite of reluctance to sell by other joint-venture partners. Mining and Petroleum
        Reuter  -  466 words
      • Article
        Oil futures drop on stock build in US crude and highest Opec output level 5
        492 15 Bloomberg ENERGY REPORT LONDON Oil futures prices declined yesterday in London and New York following a build in US crude stocks and Opec's confirmation it produced at its highest levels in 13 years last month.
        492 words
      • Article
        Lock icon Eurodollars end steady in light trade
        1477 18 SIMEX REPORT Reuter SINGAPORE Simex Eurodollar interest rate futures ended steady with trade thinned out significantly ahead of the 1330 GMT release of the US Feb consumer prices. "The market was essentially waiting for the figures, although we did see some position squaring and
        Reuter  -  1,477 words
      • Article
        KL tin price plunges 27 sen on heavy selling
        999 18 COMMODITIES RETORT Tin The tin price on the Kuala Lumpur Tin Market plunged 27 sen to a near three-and-a-half-month low of MS 14.22 per kg on heavy selling yesterday. Dealers said the higher offerings by miners caused the price to fall.
        999 words
    • Article
      COMMODITY PRICES
      1743 18 Rubber HAS Commodity Exchange (futures dosing as at lpm) RSS 1 Contract (S cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest Feb 93 II Mar Apr 136.00 136 00 135.75 50 5.125 May 138.00 137.50 138.25 400 10.275 Jun 139.50 139 50 140 00 625 6.050
      1,743 words
    • REGIONAL STOCK MARKETS
      • Article
        Australia
        1071 19 16.3 Stocks closed at a nine-month high as investors continued to look to a widely-expected cut in official interest rates. The All Ordinaries Index closed up 16.3 at 1.675.6. its highest close since June 4 last year when it finished at 1.676.7. The All Industrials rose 23.1 to 2,632.5
        1,071 words
      • Article
        Taipei
        597 19 +31.63 Stocks ended mixed as most industrial sectors saw profit-taking but Financials rose on speculative buying. The Weighted Index. which was up over 70 points in early trade, ended 21.63 points higher at 4.511.62. Turnover fell to a moderate NT545.14 billion. Speculative buying in financial was strong and the
        597 words
      • Article
        Manila
        562 19 -19.74 Share prices closed mostly lower on blue-chip selling as traders took whatever profits they could for fear that values would be further eroded as the market looked headed for a general decline. The Manila Composite Index dropped 19.74 points to close at 1.456.04. "The market is weakening. There
        562 words
      • Article
        Seoul
        399 19 +25.18 Positive news on inter-Korean relations, hope of delaying a ban on false-name financial transactions and lower-than-expected US duties on chip-makers all boosted the market in active trading. The Composite Index surged 25.18 points to 663.05. Brokers expect the market to stage a technical adjustment today but said the
        399 words
      • Article
        New Zealand
        329 19 +5.79 Shares ended modestly firmer on reasonable volume. The NZSE-40 Capital Index ended at 1.590.48. up 5.79 points, on turnover worth NZ$3O million. Telecom gained one cent to NZS2.B6 its highest point ever on heavy turnover. Telecom continues to enjoy favour after investors saw the ease with which
        329 words
      • Article
        Bombay
        69 19 -57.33 Stock prices tumbled after nearly 50 people were killed in the bombing of a building in Calcutta. Traders said concern over the threat of more bombings could hurt stock prices. Brokers said the Calcutta blast, coming four days after a wave of bombings in Bombay, triggered nervous selling.
        69 words
    • WORLD STOCK MARKETS
      • Article
        Untitled
        791 19 Britannia Funds Sterling C wh Bid Oder Mim ap Drpoul 3* 5000 M MOO MimicnoOik *0 1917 -0 2019 Mim Ma» Incomc ****** ****** ISS Cash Incomc Pirn Fund *9 9900 *I0<*W PSS Rncnc Fund 1900 5 MOO Merlin* Kqain Euro Performance ***** 0 5065 Far tad Fund *2 *3
        791 words
      • Article
        London
        604 19 -28.5 Shares remained generally weaker as the market continued to assess the details of Tuesday's UK budget and in particular the effects of reforms to advance corporation tax (ACT), dealers said. "People are...sitting back in their offices poring over the numbers and implications," said Robert Buckland at Nat West
        604 words
      • Article
        Stockholm
        139 19 -0.154 pc Shares eased despite a Riksdag vote of confidence in the government's economic strategy. The OMX-index closed 0.44 per cent down at 781.37 while the top-16 eased 0.69 per cent to 1,034.22 and the All-Share Index by 0.154 per cent to 1,010.28 on low turnover of 507 million
        139 words
      • Article
        Zurich
        256 19 -5.2 Shares closed lower yesterday. Dealers said uncertainty about the outcome of the meeting of the council of German Bundesbank helped to dampen sentiment. The All-Share SPI Index was down 5.2 points at 1.306.6. "There is no clear sign whether there will be a interest rate cut," one dealer
        256 words
      • Article
        Brussels
        144 19 +2.59 Shares rose slightly amid talk of interest rate cuts. "Some traders think the Belgian rates will come down further and this will help bank and insurance stocks in particular." said JeanMarie Cauchepeux. The Bel 20 index of leading Belgian stocks closed up 2.59 points or 0.21 per cent
        144 words
      • Article
        Johannesburg
        311 19 3 South African industrials ended higher on Budget news of a cut in company tax rate to 40 per cent from 48 per cent, while the removal of nervousness ahead of the tough Budget helped lift other shares off their earlier lower levels, dealers said. The Overall Index was
        311 words
      • Article
        Frankfurt
        200 19 -12.75 Share dealers said any cut in official Bundesbank interest rates would only have a limited effect on stock prices. Most dealers in Germany are expecting a 1/2 percentage point cut in the Bundesbank's discount and Lombard rates but the speculation has been in the market for most of
        200 words
      • Article
        Milan
        149 19 -I.Bopc Foreign profit-taking on several blue chips hit Italian shares across the board as the market continued to reel from Olivetti's rights issue and a lack of any positive news. The MIB All-Share Index falls 1.80 per cent to 1.089. "The only hope at the moment is for a
        149 words
      • Article
        Amsterdam
        248 19 •0.05 Share prices closed for the second consecutive day little changed as the market postponed expectations of a German rate cut. traders said. Hopes that the Bundesbank may cut official interest rates at tomorrow's bi-weekly Council meeting have fuelled rises in Dutch shares in recent days. The EOE index
        248 words
      • Article
        Toronto
        315 19 -5.28 Stocks eased with New York in featureless, hesitant early trade. "The (US) CFI numbers kind of upset the bond market," one trader said. US consumer prices rose an unexpectedly high 0.3 per cent in February after gaining 0.5 per cent in January. The TSE 300 fell 10.99 points
        315 words
      • Article
        New York
        814 19 +0.54 Blue chip stocks edged up in cautious trading Wednesday as investors studied the release of the latest US economic indicators. At II am (1600 GMT), the Dow Jones index of 30 leading industrials climbed 1.06 points to 3.444.01 in active trading with some 79 million shares changing
        814 words
    • Article, Illustration
      Lock icon HONGKONG
      2881 20 Reuter SHARE prices rebounded sharply from their lows to close only slightly weaker as a news conference by a senior Chinese official failed to trigger an expected sell-ofT, brokers said. The blue-chip Hang Seng index ended a volatile day only 21.71 points down at 5,958.33 after lagging by more
      Reuter; Source: Bridge Info  -  2,881 words
    • Article, Illustration
      CHINA
      447 20 BOTH the A and B markets in Shenzhen plummeted Liu Hong Yu, a senior official in the Central Securities Committee, failed to appear in public yesterday. Investors were interpreting his absence as a bad sign and that the real purpose of his visit was to check on the securities
      447 words
    • Article, Illustration
      Lock icon TOKYO
      2531 20 Reuter STOCKS ended higher on futures-linked short-covering in late afternoon, sparked by reports that the National Farm Credit Co-op agreed on a rescue plan for the troubled Nippon Housing Loan Co, brokers said. "The market had been thin and people with short positions scrambled for cover," said a broker.
      Reuter; Source: Bridge Info  -  2,531 words
    • Article, Illustration
      Lock icon BANGKOK
      1765 20 Reuter STOCKS stagnated yesterday afternoon on a lack of news to pull investors ofT the sidelines, where they have been most of the time in the past few days. The SET Index moved little from the midday close of 908.23, ending the day up 1.14 points at 906.26 on
      Reuter; Source: Bridge Info  -  1,765 words
    • Article, Illustration
      Lock icon JAKARTA
      854 20 Reuter STOCKS ended virtually unchanged in dull trading apart from 20 million shares of Astra sold to foreign buyers. "We do not know who the buyers were. But the shares were sold by local shareholders to foreign investors," one broker said. Another broker said the sale might have been
      Reuter; Source: Bridge Info  -  854 words
    • Article, Illustration
      Lock icon CLOB INTERNATIONAL
      2750 21 Source: Bridge Info Source: Bridge Info MOST ACTIVE volume Multi-Purpose 6.767.(101) Sn Hjrumjs 5. J17.000 Mctropic* MK 4 166 000 l-afvr (iroup 3.834.000 M Knuurcn J. 595.000 Hcrj.il J Group 3.559.000 longkah HlJg> 2 452 000 K along Bhd 5flc 2.108 000 lilns H\d 50c 1.977.000 kjmunling 50c
      Source: Bridge Info  -  2,750 words
    • KUALA LUMPUR STOCK EXCHANGE
      • Article, Illustration
        Lock icon Untitled
        4948 21 Source: Bridge Info INDICES TURNOVER t'losc Previous Changr kLSE t omposile 640.39 637,79 2 60 NST Industrial ...3791.75 3779.71 +12 04 NST Finance- 3804 00 3800 44 3 56 NST Properties .1246 94 1249.04 -2.10 NST Tins 529 05 ***** -2.14 NST SKubbcrs 2789 31 2790 14 -0.83 I urnrnrr
        Source: Bridge Info  -  4,948 words
      • Article
        Lock icon Prices end mixed with late profit-taking
        228 21 Bernama KUALA LUMPUR Late profit-taking took share prices narrowly mixed in active trading yesterday in spite of the emergence of institutional investors to scout for blue chips and selective situational stocks since early trade. The KLSE Composite Index rose 2.60 points to 640.39 and
        Bernama  -  228 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article, Illustration
        Lock icon Malaysian counters still dominating trading
        1124 22  -  By Quak Hiang Whai SINGAPORE The liberalisation of CPF investment rules eontinued to underpin sentiment in the market yesterday. While blue chips led by DBS Bank added to Monday's gains, brokers said Malaysian speculative counters continued to dominate activity. Noel Gifts International was also in
        Source: Bridge Info  -  1,124 words
      • Article, Illustration
        Lock icon OUE
        66 22  -  HOT STOCK Paul Leo BUY Overseas Union Enterprises at $6.30. Daily chart is showing a convergence pattern as the price line declines while RSI and stochastics advance. The convergence pattern is a bullish signal and the fact that it occurs in the oversold region where RSI is below 25
        SOURCE: BRIDGE INFO  -  66 words
      • Article
        Untitled
        6081 22 MAIN BOARD tir O 1992/93 Last Vol Day Last Qaott Ot> DbVU Mil M Cap High In Coapaay Sak (TOO) llfeh Low Btnrr Seller Cn P/E Sail INDUSTRIAL AND COMMERCIAL 402 170 Aetna 364 -2 85 370 364 362 364 12.2 2.1 3.4 21.0 224.9 220 210 s Alex Hldgs
        6,081 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      310 9 THE CONSTRUCTION WORLD CONGREGATES SECOND INTERNATIONAL TRADE FAIR FOR BUILDING MATERIALS, PREFABRICATED PARTS, RENOVATION, CONSTRUCTION EQUIPMENT AND BUILDING MATERIALS MACHINERY HAS lA' 93 I jy° r| d Trade Centre, Singapore JE§po Halls 4,5,6 Outdoor Areas j Can Build On Success:'baUCOm'ASlA '93^ The Largest Trade Fair In SE Asia For Construction
      310 words
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      Page 10 Advertisements Column 1
      51 10 BfißHlbaii. Bank ftMßhe Location H9| |Lvj Wf r y 0 FOR SALE V i x>l Bank of New Zealand House 333 George Street, Sydney, Australia Rarely, does an opportunity to acquire such a prominent CBD j property, present itself to the astute flSflSl j Floors Hong Kong Bank Bldg Raffles
      51 words
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      Page 10 Advertisements Column 2
      97 10 This announcement appears as a matter of record only PT CHAROEN POKPHANDINDONESIA/PT CHAROEN POKPHAND JAYA FARM U5528,500,000 TWO-YEAR TERM LOAN FACILITY DIRECT LOAN FACILITY Banque Bruxelles Lambert, S.A. Indover Asia Limited The Sanwa Bank Limited, Singapore Branch The Yasuda Trust and Banking Co., Ltd. Singapore Branch STANDBY LETTER OF CREDIT
      97 words
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      Page 11 Advertisements Column 1
      229 11 WHEN THE FRENCH DESIGNED THIS LUXURY MASS APPEAL WAS NOT THE A eroaynamtcauy perfect witn a CD figure as low as O 28 DRIVING FORCE. (Is it any wonder we rarely nave towkays at our snowroom?) You probably havent seen many XMs on the road. uninitiated, heres an advice: Beware
      229 words
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      711 12 W OVERSEAS UNION BANK LIMITED (Incorporated in the Republic of Singapore) ANNOUNCEMENT The Board of Directors of Overseas Union Bank Limited wishes to announce: 1) (a) AUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 1992 The Bank The Group 1992 1991 1992 1991 SS'OOO SS'OOO SS'OOO srooo Interest earned 618,473
      711 words
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      Page 12 Advertisements Column 2
      649 12 OVERSEAS UNION TRUST LIMITED (Incorporated in the Republic of Singapore) ANNOUNCEMENT The Board of Directors of Overseas Union Trust Limited is pleased to announce: AUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 1992 1991 ss'ooo srooo Total Operating Revenue 32,490 37,765 (14 0) Investment and other Income 808 1,463 (44.8)
      649 words
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      43 13 OF T^^/VZA I 1„.5* dining AT THE TOP IN TOWN fc ?6<h) overlooking SELECTION OF INNOVATIVE DISHES FRESHNESS OF SEAFOOD |11 (1 If fI the Chinese breakfast Hour ill 'Mil Parking Spaces are available BH i wM 11 111 M" M IVJULIL Jy
      43 words
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  • Page 15 Advertisements
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      562 15 s OVERSEAS UNION ENTERPRISE LIMITED (Incorporated in The Republic of Singapore) ANNOUNCEMENT The Board of Directors of Overseas Union Enterprise Limited is pleased to announce: AUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 1992 The Company The Group 1992 1991 1992 1991 S$ 000 S$ -000 S$ 000 S$ -000
      562 words
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  • Page 16 Advertisements
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      3181 16 Q DBS FINANCE (Incorporated in the Republic of Singapore) BALANCE SHEETS AT 31 DECEMBER 1992 The Company The Group The The Group Not* 1992 1991 18*2 1991 Not* 1992 1991 1992 1991 SSOOO SSOOO SJ 000 SSOOO SJOOO SSOOO ssooo ssooo SHARE CAPITAL FIXED ASSETS 6 4.553 3.230 42.516 41.952
      3,181 words
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  • Page 17 Advertisements
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      1976 17 GREAT PACIFIC FINANCE (Incorporated in The Republic of Singapore) BALANCE SHEETS AS AT 31 DECEMBER 1992 TTw Company Th« Group Not. 1992 1991 1992 1991~ Tl»Comp«Ty TlwQmup 1952 1991 1902 1991 ssooo ssooo ssooo ssooo -r— L SS'OOO SSOOO SI'OOO SSOOO SHARE CAPITAL FIXED ASSETS Authorised 7 722 1,212 722
      1,976 words
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  • Page 18 Advertisements
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      Page 18 Advertisements Column 1
      69 18 Set I.unchs9++ Set Dinner $13.50++ Snkivaki l?ar beetle Shalni Shahu RESTAURANT KPBE Tel: 734-67% lili fir. #01 oh/07 I'.iiiiilin Shopping Vntiv An I low n Kolv lUvt aKo .iv ;nl;iHc Saw an ad of a house that you may like to own? Leave your name and telephone number in the
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      25 18 For information on where to buy your copy of: Her World, Go, Singapore Business, Home Decor, Young Parents call our Customer Services Section on 1800-749-2577.
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      18 18 As and when the latest prices are not available, the previous trading day's closing figures are carried instead
      18 words
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  • Page 20 Advertisements
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      Page 20 Advertisements Column 1
      51 20 CALL MILANO'S HOT DELIVERY HOTLINE NOW! i 468-2222 for mouth-watering Italian pasta, pizza, BBQ ribs, salads and more! I Office/Home Delivery Hours: Daily from 11.00 am onwards (including Public Holidays). H FREE delivery for a minimum order of $10.00 $3.00 surcharge for delivery after 11.00 pm. ■< tfIEANO AJ!brim All
      51 words
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  • Page 21 Advertisements
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      45 21 With over 170 million cards honoured at over 10 million establishments, MasterCard puts the whole world in your hands. And it gives >P' sfl you cosy access to cash at 300,000 bank branchesf|^i and ATMs worldwide. YOU'VE GOT THE WHOLE WORLD I IN your HANDS-
      45 words
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  • Page 22 Advertisements
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      53 22 rmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmq CALL MILANO'S HOT DELIVERY HOTLINE NOW! j 468-2222 i I for mouth-watering Italian pasta, pizza, BBQ ribs, salads and more! I Office/Home Delivery Hours: Daily from 11.00 am onwards (including Public Holidays). I FREE delivery for a minimum order of 10.00 $3.00 surcharge for delivery after 11.00 pm. WILANO
      53 words
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  • SPORTS
    • Article, Illustration
      Two teenagers qualify for SEA Games squad
      461 23  -  Golf By Shahiron Sahari THE Singapore Golf Association has selected a six-man squad, which includes two teenagers, for the upcoming SEA Games in Singapore. Basing its selection on the results of trials held over the past month, the SGA picked the trials' top
      461 words
    • Article, Illustration
      Lock icon Couples bounces back
      607 23 Win helps golfer put marriage woes behind him NYT ORLANDO. Florida Even as he was expecting it to be his most enjoyable, 1993 has already been the most complicated year of Fred Couples' career. After a season in which he was PGA Player of the Year for
      NYT  -  607 words
    • SCORE CARD
      • Article, Illustration
        Lock icon Basketball
        41 23 Reuter NEW YORK NBA results Tuesday: Houston 94 Orlando 93: NY Knicks 102 Milwaukee 99; Charlotte 122 Atlanta 107; Cleveland 110 Philadelphia 98; Boston 114 Golden State 88; Minnesota 100 Denver 97; Seattle 98 Miami 85; Detroit 113 Sacramento 110.
        Reuter  -  41 words
      • Article, Illustration
        Lock icon Golf
        266 23 AP VIRGINIA WATER, England I reading money winners on the PGA European Tour after the Baleares Open (all figures in USS): 1. Mark James (Eng) 152.985 2. Wayne Westner (SA) 144.210 3. Nick Faldo (Eng) 142.987 4. David Gilford (Eng) 136.600 5. Colin Montgomcrie (Scot) 129.859 6. Frank Nobilo
        AP  -  266 words
      • Article, Illustration
        Lock icon Soccer
        26 23 Reuter AMSTERDAM Ajax Amsterdam (Neth) b Auxerre (Fra) 1-0 in their UEFA Cup quarter-final sccond leg match on Tuesday. Auxerre win 4-3 on aggregate. Reuter
        Reuter  -  26 words
      • Article, Illustration
        Lock icon Squash
        191 23 Reuter VALE DO LOBO, Portugal First round results in the Portuguese Open Tuesday (prefix number denotes seeding): Jason Nicolle (Eng) b Jonathan Power (Can) 15-6 15-11 15-2; Stephen Meads (Eng) b Glen Wilson (NZ) 15-7 15-9 15-5: 4-Rodnev Eylcs (Aus) b Mir Zaman Gul (Pak) 15-10 15-11 15-13; Danny
        Reuter  -  191 words
      • Article, Illustration
        Lock icon Tennis
        407 23 AP AFP KEY BISCAYNK, Florida Results Tuesday of the I ipton C hampionships (seedings in parentheses): Men Singles Third round Stefan Edberg (3 Swe) b Javier Frana (Arg) 4-6. 6-3. 6-3; Patrick McEnroe (US) b Brvan Shclton (US) 6-3. 6-2; Marcos Ondruska (SA) b Sergio Cortes (Chile) 6-2. 6-3;
        AP; AFP  -  407 words
    • Article
      Lock icon Could the Jets be Rev Reggie's next cause?
      437 23 NYT HEMPSTEAD. New York Pro football's most feared defensive end is now its most coveted free agent. Reggie White visited the Jets' complex here on Tuesday, checked out the coaches and the weights room, hinted that Boomer Esiason's arrival as an experienced
      NYT  -  437 words
    • SIDE LINES
      • Article
        Lock icon Payne moves up PGA money list
        70 23 AP VIRGINIA WATER. England Jim Payne's triumph in the Baleares Open last week has moved the English golfer from 30th to seventh place on the PGA European Tour's money list. Payne's first tour win earned him U5575.000 (*****.000) and took his total for the
        AP  -  70 words
      • Article
        Lock icon Ben Johnson eyeing soccer career
        110 23 AFP ROME Drummed out of athletics. Ben Johnson seems ready to try any kind of new sport to make a living. The Canadian sprinter, banned for life after testing positive for drugs a second time, has added soccer to his list after last week saying
        AFP  -  110 words
      • Article, Illustration
        Lock icon Graf advances in Lipton tournament
        37 23 Reuter KEY BISCAYNE Top seed Steffi Graf hitting a forehand topspin shot against opponent Patty Fendick during their fourthround Lipton Tennis match here on Tuesday. Graf won the match 6-1. 6-4. Reuter
        Reuter  -  37 words
      • Article
        Lock icon Akebono chalks up another win
        58 23 AP OSAKA. Japan Akebono. the first non-Japanese yokozuna (grand champion), danced out of danger twice yesterday and threw down No 1 maegashira (senior wrestler) Tochinowaka for his fourth victory against no defeats in the 15-day Spring Grand Sumo Tournament. Newly promoted ozeki (champion) Takanohana also
        AP  -  58 words
    • Article
      Lock icon Ghana beats England, enters final
      275 23 World youth football championship AFP SYDNEY African champions Ghana advanced to their first world youth football championship final with a 2-1 win over England in a scmi-fi-nal here on Wednesday night. The flamboyant Ghanaians will take on two-time champions Brazil in an appealing final here
      AFP  -  275 words
  • Page 23 Advertisements
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      Page 23 Advertisements Column 1
      102 23 EFFECTIVE MMMUjBJaiI |pI J Today's hectic pace of life demands convenient, efficient and sophisticated methods of communication. "TELEMART", a special focus in The Straits Times Classified on 6 April and Lianhe Zaobao Mini-ads on 7 April, is an effective medium for you to communicate V the latest telecommunication fjl products
      102 words
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  • Page 24 Advertisements
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      Page 24 Advertisements Column 1
      924 24 M Nothing Beats A Bud. *hem to wine, pine aho entertain OF Try delicious cuisine from U Thailand, Indonesia, V Malaysia, the Philippines I Brunei and also our A famous local favourites in V our ASEAN buffet. 1 Buffet Lunch $13.80++ (adult) fl $10.80++(child) Buffet Dinner: $15.80++ (adult) $12.80++(child) M
      924 words
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      Page 24 Advertisements Column 2
      331 24 C 0 For only $30+* per person. Come and taste the difference at The Stables! Available eveiy day of the week except Sundays and Public Holidays. Lunch: 12 noon 2.30 pm For reservations, please call 73******. V: S/tAwitlffit S h tfc in+tm d f»«r>n >I Orchard Road Singapore iXJ? Tct
      331 words
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  • LIFESTYLE
    • Article, Illustration
      Lock icon When bosses get too comradely
      758 25  -  China is awakening to sexual harassment in the workplace, reports Andrew Browne from Beijing Andrew Browne Reuter MISS CHEN, an ambitious 17-year-old, found out that sleeping with her boss was the only way to land a deeent job at her factory in one of China's
      Reuter  -  758 words
    • Article
      Lock icon Sweet aphrodisiac
      470 25  -  Lena Williams looks at the myth of green M&Ms Lena Williams NYT UT T's not easy being I green" is the lament of Kermit the Frog. Well, cheer up Kermie! It seems Miss Piggy isn't the only one who finds green alluring. For centuries, the colour green has
      NYT  -  470 words
    • Article, Illustration
      Lock icon Costner's The Bodyguard listed on list of boring movies
      468 25 CHATTERBOX NYT AP Reuter AP THE FOLKS in the movie business will disagree, but the Boring Institute is out with its choices for most boring movies and worst acting. Cited were such movies as Batman Returns. Shakes The Clown. Far And
      NYT; AP; Reuter  -  468 words
  • Page 25 Advertisements
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      Page 25 Advertisements Column 1
      128 25 _TL—fL_ lipi n i j i restaurant QsUMI B I A N charcoal f a k I n I k u The First Smokeless Charcoal Japanese Barbecue In Town No more sweat, no more tears, no more fears Good value for your money I (Until the end of March 1993,
      128 words
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      Page 25 Advertisements Column 2
      142 25 Buffet Lunch Now on every M<MMitiy to l ri<liiy. von c.in indulge yourself <il ilu* InM)tl with «»iir l.mt.tstu s| HVfUl<>l IMillet luix h whit h in< limles Air How 11 Kim K < >yster. Assorted SiiliMls. Soup. |{c MSt Slrif )l« Mil. Il< wtey (il«i/<'< 11 lam. Assorted Dessert
      142 words
  • Page 25 Miscellaneous
    • Miscellaneous
      Page 25 Miscellaneous Column 1
      1256 25 L TV RADIO Recovering from a car crash M killed her husband was a ft f miracle for Ellen Burstyn. But s V|HBk. stranger things happen when m >] she finds that she has the pow- 9* Jjjj^Hk^ complicates matters uhen v she realises that her power Jrj making others
      1,256 words
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  • INNOVATION & TECHNOLOGY
    • IN TAKES
      • Article
        Lock icon Taiwan's Acer mulls link with Nintendo
        98 26 Reuter TAIPEI Major Taiwanese computer maker Acer Inc said yesterday that it is considering the possibility of cooperation with Japan's Nintendo Co in the electronic games industry. Acer spokeswoman Anne Tseng said the companies had exchanged views on the issue and Acer would submit
        Reuter  -  98 words
      • Article, Illustration
        Lock icon Court trial for computer hacker
        62 26 Reuter LONDON Computer hacker Paul Bedworth from Yorkshire is accompanied by his mother Connie as he leaves Southwark Crown Court on Tuesday. A jury is to consider its verdict on Bedworth, who is alleged to have cost institutions such as the Financial Times and the
        Reuter  -  62 words
      • Article
        Lock icon Furore in NZ over pesticide cancer claim
        111 26 AFP WELLINGTON A visiting academic's claim that widespread use of pesticides is turning New Zealand into the cancer capital of the world sparked a furious response from the scientific community here. Samuel Epstein, a professor at the University of Illinois School of Public
        AFP  -  111 words
      • Article
        Lock icon Nasa joins rain forest study
        119 26 Reuter WASHINGTON The US space agency has joined with seven Central American countries to study and preserve the region's delicate rain forests and some of its ancient Mayan sites, Nasa said on Tuesday. Using data collected by sophisticated scanners flying aboard US weather satellites, Nasa
        Reuter  -  119 words
    • Article, Illustration
      Smart controller for refineries
      654 26  -  Helen Ching reports on a system based on the neural network of the human brain Helen Ching Automation systems maker Yokogawa Electric Asia is developing a process controller for the oil industry, based on the neural network of the human brain. It has been working with
      654 words
    • Article
      Lock icon Cars may be powered by rubber one day
      266 26 Reuter RUBBER may form more than the tyres of cars of the future. It could power them as well, through "rubbery" batteries, according to a study published in London on Thursday. The discovery may give fresh impetus to electric car development, the
      Reuter  -  266 words
    • Article
      Lock icon Sun and Elvis team up to develop hand-held computers
      339 26 UPI SUN Microsystems Computer Corporation in California announced Tuesday it has signed a licensing and joint-development agreement with Russian concern Elvis Ltd to develop hand-held computers to communicate by satellite. Elvis, a Russian acronym for Electronic Computer and Information Systems, has
      UPI  -  339 words
    • Article
      Lock icon Two heads are better than one
      738 26  -  International R&D collaborations are paying off, says Delia Bradshaw Della Bradshaw FT ON a grey February afternoon in a London meeting room, a Cambridge research team announced that it had demonstrated one of the holy grails of electronics engineering. It had developed a single
      FT  -  738 words
  • Page 26 Advertisements
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      Page 26 Advertisements Column 1
      129 26 TOLL-FREE TEL. No. 1-800-737 0043 FAX:734 3698 MNOPAOFIC HOLDINGS LTD (Incorporated in Singapore) LOST CERTIFICATE Certificate no. *****2 covering $403,000 loan stock in the name of KFC Integrated Poultry Industry Sdn Bhd has been reported lost, mislaid or destroyed. NOTICE IS HEREBY GIVEN that new certificate will be issued and
      129 words
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      Page 26 Advertisements Column 2
      363 26 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF McILWRAITH McEACHARN SERVICES PTE LTD (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of the Company held at 133 Cecil Street #10-03 Keck Seng Tower. Singapore 0106 on 15 March 1993. the following Resolutions were
      363 words
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      Page 26 Advertisements Column 3
      361 26 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SSC NAVIGATION PTE LTD (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of the Company held at 133 Cecil Street #10-03 Keck Seng Tower, Singapore 0106 on 15 March 1993. the following Resolutions were passed:
      361 words
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  • THE LAW PAGE
    • Article, Illustration
      Where compliance counts for traders
      1572 27  -  John Whittaker and Clare Hatcher, of international law firm Clyde Co, look at the effects sanctions have on trade John Whittaker and Clare Hatcher OVER the past two years, international sanctions have presented a serious challenge to companies involved in international trade. The imposition of
      1,572 words
    • Article, Illustration
      Parliamentary proceedings can be used to interpret laws, says Appeal Court
      413 27 AT THE 1T APPEARS that Law Minister S Jayakumar need not have introduced the recent Interpretation (Amendment) Bill 1993, which allows the courts to refer to parliamentary proceedings to interpret the intent behind laws. An Appeal Court judgment, released
      413 words
    • Article
      Liverpool law faculty celebrations extended to S'pore
      160 27  -  By Conrad Raj THE Law Faculty of the University of Liverpool plans to extend its Centenary Year celebrations to Singapore to enable graduates here "to rekindle memories of their time spent at the faculty". In its 100 years, the faculty has spawned a
      160 words
  • Page 27 Advertisements
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      Page 27 Advertisements Column 1
      147 27 APOLOGY In the January 21, 1993 edition of Business Times, we carried a report headlined "Upholders or violators of the law?" The report made mention of a senior local lawyer who was photographed in the November/December issue of the Singapore Law Gazette posing in front of a pirated set of
      147 words
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      Page 27 Advertisements Column 2
      166 27 T»S MMilfc' M H♦« ••I ftWm BHH'f* W-. i; 9 1..1 Sn l I*WH M Ml*) I g ft y Hr. 1 k 1 FjUMjFl* it II Mun <CIIK «a A Mr>•«!>«• i W i|f .*4 Mimiia '•> onrrvic X Opening April 1993 Introducurry room rates from only RM 150
      166 words
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  • Article
    From savers to entrepreneurs
    519 28 EDITORIAL THE EASING of the rules on the use of Central Provident Fund savings for investments is surely one of the most significant moves made by the Singapore government in recent years. Within the next six months, savings totalling some $31 billion will be freed for
    519 words
  • WHAT THE OTHERS SAY
    • Article
      For India, mayhem anew
      416 28 DETERIORATING SECURITY in India makes one wonder when the country could ever become a safe place for foreign investments despite the lure of its huge market, especially its growing middle-class. While New Delhi has done well to put the economy on the reform path after four
      416 words
    • Article
      Learn to use CPF funds wisely
      172 28 SINGAPOREANS will certainly cheer the relaxation of CPF usage. They have more options to buy shares from the two bourses and properties. However, the Minister of Labour, Dr Lee Boon Yang, is quick to caution that novices should be warned against thinking of making
      172 words
    • Article
      High profit, high risk
      147 28 THE government's expansion of the CPF investment plan offers its members more uses and items for investment of their CPF funds. While there will be some people who would like to play safe and leave their money in their CPF accounts earning a nominal interest, others
      147 words
    • Article
      Time for some bold moves
      165 28 LOOKING BACK over the past five months, there is little in the way of outstanding accomplishments that the government can lay claim to. Perhaps the only bright spot was its decision to allow the Nobel Peace Prize laureates to convene in Bangkok to campaign for
      165 words
    • Article
      Towards a smooth transition
      169 28 CHINA'S DRIVE for sustaining growth rates and its new get-rich-quick philosophy have taken place under the guidance of Deng Xiaoping's theories on a "socialist market economy." That the socialist market economy has overtones of Western capitalism presents a problem to the Communist Party, whose moral claim
      169 words
  • Article, Illustration
    Lock icon Now just watch him shake up the market
    773 28  -  Lai Kwok Kin traces the meteoric rise of the chairman of the newly-formed Securities Commission in Kuala Lumpur and asks him what he plans to do Lai Kwok Kin Reuter AS A schoolboy at Malaysia's prestigious Royal Military College, Munir Majid excelled
    Reuter  -  773 words
  • Page 28 Advertisements
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      Page 28 Advertisements Column 1
      61 28 I WILL THE MARKET STflfol AHEAD? mita (p> 101/8/92 gMM *M a MARCH VOL 17N03 JUn ***** $4 BUSI HISS FOREX FINDS P CONVEYANCING FRESH RISKS J J* 'JP Jt f\ 1 FREE FOR ALL? SEMBAWANG'S i 7 I A v fS§ SPOTLIGHTS: NEW DREAM j4 $1,155 billion market «j
      61 words
  • Page 28 Miscellaneous
    • Miscellaneous
      Page 28 Miscellaneous Column 1
      61 28 UOW rviRN IN TH£ \SWOCX WIS FIST BPOC opfvcjc. across thc. s rater, y a. \r r sP> ~^§=S^ —fc t ASSOCIATED NEWSPAPERS LTD.. 1M21M3 fPvND MCTTHIKJG POONESBURY GARRY TRUDEAU StUetTHEJm I ALBX.KXJ >£$ I'M SO DUMB TU, PROBABLY L 3 c [4 brr HOSTCamtN- Sf' 1 ee IN NURseer
      61 words
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  • ANALYSIS
    • Article
      Lock icon Planning a major facelift for the Taiwanese economy
      752 29  -  Taiwan is fighting to stay ahead of emerging competitors such as China and South-east Asia by making its economy jump onto a higher technological level. Drew Torchia reports Drew Torchia Reuter FOUR DECADES of breakneck growth have transformed Taiwan from an Asian
      Reuter  -  752 words
    • Article, Illustration
      For Britain, it's grow now and groan later
      802 29  -  Ray Heath says Tuesday's UK Budget was unique in committing Norman Lamont (or his successor) to tax increases, thereby limiting the room for future manoeuvres Ray Heath The writer is a London-based journalist who contributed this comment to HT BRITAIN'S taxpayers face
      802 words
    • Article
      Lock icon Europeans look across the Atlantic with envy
      925 29  -  As Germany staggers under the heavy burden of unification and a crisis of confidence, Craig R Whitney finds Western Europeans wishing they had a bold and decisive Bill Clinton in their midst Craig R Whitney NYT FOR MOST of Western Europe, 1993 the
      NYT  -  925 words
  • Page 29 Advertisements
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  • Article
    Lock icon US Congressman calls for armed action against N Korea
    560 30 US, N Korea meet in Beijing over Pyongyang's withdrawal from N-pact AP AFP Reuter WASHINGTON The United States should take military action against North Korean nuclear weapons facilities even if it means war with the communist state, the chairman of a
    AP; AFP; Reuter  -  560 words
  • Article
    Lock icon Clinton may rethink proposed defence spending cuts
    323 30 Reuter NYT WASHINGTON President Bill Clinton said on Tuesday that he might reconsider some of his proposed dcfcnce spending cuts in the light of developments in Russia and other international crises. But officials said Mr Clinton wants to keep another controversial part of
    Reuter; NYT  -  323 words
  • Article
    Lock icon US consumer prices up by moderate 0.3pc in February
    310 30 Reuter WASHINGTON Consumer prices rose a moderate 0.3 per cent in February, the United States Labour Department said yesterday, adding to evidence that the country's inflation remains tame although further reductions arc unlikely. The department said last month's increase in the
    Reuter  -  310 words
  • Article
    Lock icon Kantor outlines tougher US stance on Nafta
    306 30 NYT WASHINGTON On the eve of negotiations to begin drafting side agreements to the North American Free Trade Agreement (Nafta), the United States' top trade official outlined on Tuesday a tougher American bargaining position than he had presented last week. Mickey Kantor, the
    NYT  -  306 words
  • Article, Illustration
    Tough budget is what UK needs, says Lamont
    624 30 LONDON Chancellor of the Exchequer Norman Lamont, faced with accusations that the government had broken election promises, began selling his tax-raising Budget to the British people and financial markets yesterday. Mr Lamont woke up to headlines like "Nightmare on Norm Street" in
    624 words
  • Article, Illustration
    Patten must give in, or go
    951 30  -  The Bottom Line YONG POW ANG YONG POW ANG The writer is a BT correspondent specialising in Chinese affairs. THE Hang Seng index has been on a roller-eoaster in the past months since Hongkong Governor Chris Patten unveiled his political reform proposal. The index
    951 words
  • Page 30 Advertisements
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      Page 30 Advertisements Column 1
      61 30 v Monday in Business Times Yeltsin warns West of communist comeback, Pg 8 Ihari raya I NOW ON TILL 31ST MAR 1993 DISCOUNTS UP TO 60% ED S GE SEI [S genesis crystals I Raffles Place #01-01 OUB Centre Singaopre 0104 Tel: 532 4510 Business Hours: Monday to Friday 10.30
      61 words
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      Page 30 Advertisements Column 2
      11 30 Analysis: For Britain, it's grow now and groan later, Fg 29
      11 words
    • Advertisement
      Page 30 Advertisements Column 3
      340 30 Monday in Business Times EXPLORING SERVICE INDUSTRY IN SHANGHAI, SUZHOU ft WUXI 29 MARCH 93 2 APRIL 93 With a huge population, and a rapidly rising per capita income in the wake of a booming economy, China is fast becoming a place where consumer service industries offer great potential for
      340 words
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  • SHIPPING TIMES
    • Article
      Three more carriers join global data exchange system
      437 31  -  Members hope to use EDI to benefit maritime industry By Ji Juliette Walker SINGAPORE Three more shipping majors have thrown their support behind a global communications partnership aimed at optimising the use and exchange of information within the maritime industry. Orient Overseas
      437 words
    • Article
      Thai port chief denies bias in dredging bid
      406 31 BANGKOK Port Authority of Thailand (PAT) director general Somnuk Debaval denied the alleged "special relations" between the bidding committee on the PATs navigation channel dredging project and a bidder. After the PAT scrapped the 670 million baht (Ss43 million) bid last month,
      406 words
    • Article, Illustration
      Lock icon Stena Line to axe 500 jobs in bid to cut costs
      351 31 Lloyd's List LONDON Five hundred jobs are to be axed by Stena Line in a bid to cut the operating costs of its Scandinavian ferries by 100 million kronors ($21.5 million). After a sharp downturn in both passenger and
      Lloyd's List  -  351 words
    • Article
      Lock icon W Europe to help enforce sanctions on Danube
      331 31 Reuter BRUSSELS The Western European Union (WEU) defence group is offering armed police and speedboats to enforce the United Nations embargo against Serbia on the Danube, where barges have broken the sanctions, diplomats said on Tuesday. They told Reuters that the agreement
      Reuter  -  331 words
    • Article
      Fels clinches two deals worth $10m
      299 31 SINGAPORE Listed rig builder Far East Levingston Shipbuilding (Fels) has won its first major project for this year, having clinched two contracts totalling $10 million. The jobs involve building part of a liquified natural gas loading facility in Brunei. Both contracts are expected to
      299 words
    • Article, Illustration
      Lock icon After Frank comes Frederick
      729 32 The day is drawing near when son Frederick will take over his father's position as chairman of the IMC Group Lloyd's List Maritime Asia ONE can be forgiven for thinking of the IMC Group as virtually synonymous with its sprightly chairman, Frank Tsao. But since 1977,
      Lloyd's List Maritime Asia  -  729 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      878 32 I'agf Col ABC" Containerlinc 12 I Accord Group 8 1-3 •API 5 3-5 Alpha Feeders 6 I •ANL 3 1/2 •Arrow Trans 19 2 •ASCL 5 5 Av ant Shpg 6 4/5 Avia Airways 14 4 Bait Orient Line 7 4/5 Bangladesh Shpg
      878 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        500 32 Vessel Voy No Berth Vnvai Deparhte Vessel Voy No Berth Arrival Departive Jurong Port cams 17/03* row 17 03/1100 1703/1900 Bangpo TOS/10 J6 alongside 1&03/1500 Cattex 18/03* P01A 18.03/1100 1803/1900 Blue Aquamarine 12 alongside 18.03/1500 Cheung Hmg 2/93 P04 17 03/1200 18.03/0700 Gena 110/93 16 alongside 18.03/0700
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        MALAYSIAN PORTS
        120 32 Johore Port HMW Advance. Pernas Propane, Johan Pearl. Berth: 1: Sabana Satu; 2: New Jiang; 3: Kanok Naree. 4: Pwitg Port Bowen King; 5: Fordham; 6: Kris Terasik. On the way: Bg Soon Hock II, Kasturi, Palm Sea Horse, 09 jetty: Arsenyev. Penbunker, Hang Jun 4009, Alga. Far
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      • Article
        CONTAINER SCHEDULES
        2140 32 FCL CONTAINERS AND LCL CARG DELIVERY OF FCL IMPORT CONTAINERS IN PROGRESS ShP Voy Wo Containers avaiable Ship Voy No Contaners avaiable Tiger Bridge 247N 16 03 93 0530 landing *****N COO(EST) 1/0393 1500 38E 16 03 93 0730 B Butang 9311 COO(EST) 17 03 93 1500 A""*
        2,140 words
    • Article
      THE SHIPPING GUIDE THE SHIPPING GUIDE
      10944 40 This is a list of ships loading at Singapore for ports around the world, it tabulates, by destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. LEGEND PN: ship calls
      10,944 words
    • Article
      SHIPPING AGENTS
      3349 45 A C ontaiaerline NV: Bclsin Shpg Agentics Pte Lid (SVMannc handling Sdn Bhd (PK/PN). Accord Group: Accord Shpg Ptc Lid (SVAccord Conir Line (PK/PN). Adkris Business Corporation Philippine Calsourec Shpg Trdg Ptc Ltd (S) Ahrenluel Liner Service: Kim Shpg Trdg (S). Albutros Sea-Air Service: Frata Shpg Ptc Lid
      3,349 words
    • Article
      COURIER SERVICES
      264 45 Abacus Couriers Td: 545-8011. Fax: 545-1898 Air Express I ravel Tel: 533-5771. Fax: 535-6144. Airborne Freight Corporal ion Tel: 542-8844 Fax: 542-3716 *****80 Airswift Worldwide Courier Td: 278-0188 Fax: 273-8283. AJS Supplies Td: 748-6322 (2 lines). 747-7421. Fax: 742-8975. City-Link International Td: 344-3377. Fax: 345-6450. Cluster link Supplies
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    • Article
      AIR FORWARDERS
      1490 45 Abex Kxpress Freight Td: 542-7171. Fax: *****84. Actinic Forwarder Td: 225-1833. Fax: *****42. Activair Singapore Td: 542-7821 Fax: *****20. Aeroliak Freight International Td: 545-8033. Fax: *****05. Aerospeed Td: 542-5911. Fax: *****18. Air C argo No»o Fxpress Td: 542-5454. Fax: *****06 .Air Fxpress International Td: 542-7666 Fax: *****74. *****50.
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    • Article
      PORT CONDITIONS
      2468 46 ALBANIA Durres: Eleven vessels in port of whieh 1 discharging barite. 1 rice. 1 rice/flour. 1 wheat. 1 sugar, 2 general cargo. 1 flour. 1 loading sugar. 1 general cargo. 1 Ro/Ro. ARGENTINA Buenos Aires: Cargo movement continues less than normal resulting in several general cargo berths being
      2,468 words
    • Article
      AIR FREIGHT SCHEDULE
      559 46 ARRIVALS DEPARTURES <)p Flight l>pr ETA I' Front Op Might l>pe til) I To TODAY TODAY KAL KE697 B747F 0150 I SEL K\L KE697 B747F 0440 I BKK SIA SQ827 B747F 1730 2 CPH/DXB SI A SQ/ B747F 0715 2 DXB/LON CLX CV794 B747F 1845 I LUX/DXB
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    • Article
      CRUISE & FERRY SCHEDULES
      300 46 CRUISE FERRY SCHEDULES CRUISE SHIPS Ait Dep Name of Vesstl ETA ETD Ports of Calls Port Agent Telephone No MARCH 18 19 Regent Spint 1000 1800 Weekend Cruise Regency Cruises 271-2911 19 21 Golden Odyssey 0900 2200 Asean Cruises Singa Ship Agencies 294-4308 21 21 Regent Spirit 1000 1600 Sin-Penang
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    • Article
      Lock icon SHIP SALES & TANKER RATES
      2191 46 SHIP SALES TANKER RATES AFP THE general depth of buying interest prevailing in the drycargo sector at the moment for almost any type of unit has been well demonstrated by yesterday's sales of the older Ot%a Topic 65.000 dwt and built 1974 at the very firm price of USS6.6 million
      AFP  -  2,191 words
    • Article
      DAILY FREIGHTS
      1065 47 FIRM trading conditions prevail in both the Atlantic and Pacific market and consequently there is not a high volume of chartering at the moment. A rumor went round the market that U5527.00 had been paid for a grain cargo on the major US Gulf to Japan route, but
      1,065 words
    • Article
      TRANSPORT DIARY
      971 47 COURSES Title: Standard Trading Conditions (SDF 70%) Duration: March 23 May 4 (7 evenings) Organiser: Singapore Freight Forwarders Association Tel: All courses are open to nonmembers. For further details and application forms contact SFFA at tel: 253-7550 or fax: 253-2303. Title: Workshop on Contrast and Differences Between Hague-Vis-by
      971 words
    • AIR AND LAND TRANSPORT NEWS
      • Article
        Lock icon US govt urged to stop backing airlines in price-fixing suit
        316 50 AP WASHINGTON Consumer and travel industry groups urged the Clinton administration on Tuesday to stop backing a proposed settlement of a suit that accused US airlines of conspiring to fix ticket prices. The proposed settlement of the suit against two
        AP  -  316 words
      • Article
        An unfortunate retreat for the US — in the air
        369 50 An unfortunate retreat for the US in the air NEW YORK The New York Times said in an editorial on Tuesday: "It's easy to see why the Clinton administration decided to allow a partial merger of British Airways and USAir: the agreement will help financially shaky USAir become a worthier
        369 words
      • Article
        Lock icon Long-serving regulator of US aviation industry dies
        222 50 NYT NEW YORK G Joseph Minetti, who was appointed by five presidents to help regulate aviation as it nourished into the jet age, died last Saturday at his home in Arlington, Virginia. He was 85. He died of heart failure, said his nephew,
        NYT  -  222 words
      • Article, Illustration
        Lock icon GM exec leaving after all
        59 50 Reuter DETROIT General Motors purchasing chief J Ignacio Lopez de Arriortua will leave the company for personal reasons, the US car maker announced on Monday. The announcement is a reversal of an earlier statement that had said the company's key executive in its cost-cutting effort
        Reuter  -  59 words
      • Article
        SIA, Delta, Swissair offer inter-airline check-ins
        321 50  -  By Ramesh Divyanathan SINGAPORE Passengers flving SIA, Swissair or Delta Air Lines on some routes need only check in once regardless of the number of transfers to one of the other airlines during a journey. The three-way tie-up, known as the Global Excellence Alliance,
        321 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1308 50 City Fl» Uk FHbt ETP Abo Dbabi GA887 1500 Adelaide Qf81 1935 QF82 2050 SQ228 2040 Amsterdam SQ3I9 0810 KL838 2350 K1837 1545 Wtm SQ347 1730 Auckland NZ21 1710 BA11 1310 NZ28 1840 SQ288 2045 Bahrajg GF148 0850 BSwiBcfMM BI421 1105 SQ182 0930 SQ181 1425 Bt422
        1,308 words
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        Lock icon MAS may postpone delivery of new aircraft
        215 50 Bernama KUALA LUMPUR Malaysia Airlines (MAS) is considering deferring taking delivery of some aircraft slated under its M59.6-billion (SS6 billion) fleet expansion programme from next year owing to sagging global air traffic. But there would definitely be no cancellations of orders, according to
        Bernama  -  215 words
      • LOG BOOK
        • Article
          Lock icon MAS to start direct flight to Surabaya
          118 50 AFP JAKARTA The Malaysian flag carrier Malaysian Airline System (MAS) is to open a direct new route from Kuala Lumpur to the East Java city of Surabaya later this month, the Antara news agency said here yesterday. The airline would use a 106seater
          AFP  -  118 words
        • Article
          Lock icon GM, Siemens get Burlington contract
          70 50 NYT NEW YORK The Burlington Northern Railroad awarded a contract valued at more than USS6SO million (551.07 billion) to General Motors' electromotive division and Siemens Transportation Systems Inc to supply 350 high-performance diesel freight locomotives using an alternating current electric system. Eight of the 4.000-horsepower
          NYT  -  70 words
        • Article
          Lock icon Italian airport workers stage protests
          138 50 Reuter NAPLES. Italy Hundreds of Italian aerospace workers facing lay-ofTs blocked an airport runway and a major railway line on Tuesday in protest against some 5.000 job losses planned for this >ear. The workers of state-owned Alcnia blocked the runway at Naples' airport for three
          Reuter  -  138 words
        • Article
          Lock icon Amsterdam-London business fare cuts
          105 50 Reuter AMSTERDAM KLM Royal Dutch Airlines NV and its 80 per cent owned subsidiary, Transavia, said they were cutting Dutch business class fares from Amsterdam to London by nearly 25 per cent, to 313 guilders (*****) one-way or 626 return. "KLM and Transavia have decided to
          Reuter  -  105 words
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      305 31 d ing Lubricant Index to Advertisers, Page 2 After Frank conies Frederick, Page 2 •US govt urged to stop backing airlines in price-fixing suit, Back Page I Asia's Premier Maritime Showcase SingaPort '94 International Maritime Exhibition and Conference 22-25 March 1994 World Trade Centre, Singapore Make your presence felt at
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      Page 31 Advertisements Column 2
      147 31 THE I to&r t ftMIMIH/ o mm awjm ■iMIIIgI* 224 1833 For more information please refer to Pg. 13 4'Cofrena HmmMm —hrfc— in cooperation with THE FRENCH TRADE COMMISSION IN SINGAPORE THE FRENCH BOARD FOR FOREIGN TRADE organise a TECHNICAL CONFERENCE ON FRENCH MARINE NEW TECHNOLOGY EQUIPMENT Areas to te
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      8 32 London Freights, Page 17 Weather Map, Page 17
      8 words
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      42 32 UMS ami MrvkM rap-MMted ky s££«sussS® Xiwty I'or advertising enquiries, contact Shipping limes: t'e 740-20X9/740-2090. NEED A SERVICE? fINDiriNIHE SIMS TIMES OMFIED Let your fingers walk to the service professionals listed in our service directory of The Straits Times cats Classified. 737-*****
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      2399 33 mm OOCL (S) PTE LTD JARDINE SHIPPING AGENCIES *****11 *****09 BOOKINGS TEL: *****34 *****58/ *****40 AII!WW CFS (PSA F5) TEL: *****21/ *****79 Jlil"JARDINE SHIPPING AGENCIES SDN. BHD. IT RffiflTl PETALING JAYA TEL: 03-*****76 FAX: 03-*****42 L %SSW A r\ .I fc c 1 PENANG TEL *****4 FAX: *****1 CFS TEL
      2,399 words
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      Page 33 Advertisements Column 2
      1738 33 For advertising enquiries, contact Shipping Times: Tel 740-2089/740-2090 f3l uasc]| B UNITED ARAB SHIPPING CO. (SAG) J M To US East Coast BTm/wi nT la| m ■»W MM ill! M/M H'M v 44 »/W KHMI MIM U/M 14 l»ti 1> 11 «4 UMTT* *0M MCH 73/ M M/IJ l/« l/M
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      1202 33 NEXT SAILING TO CARIBBEAN/MEXICO/CENTRAL AND SOUTH AMERICA MAJESTIC MAERSK V.9304 ETA SIN 23RD MARCH 1993 Vessel Voy ETA ETD Feede. by s- Lark/Arias DESTINATIONS TNs «eek MAJESTIC MAERSK V 9304 'I |l 11 111 IMM lIM 111 IMI MM 1111-11 HI 111 23/3 1900 hrs OS 23/3 1100 HRS JOH
      1,202 words
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      806 34 AQABA ROAM/ LE VOY NO S PORE JEDPAH (via JEP) S TON H BURG ANT HAVRE KITANO 18/310 20/3 29/3 5/4 7/4 10/4 12/4 14/4 fIU. WUTBOt*® MONTE ROSA 23/111 24/3 10/4 13/4 11/4 FORT KEUIMG t POUNG KATSURAGI 14/311 27/3 6/4 12/4 14/4 17/4 19/4 21/4 CNNO TO M/CONTMNf
      806 words
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      579 34 FCL Breakbulk Service to: AFGHANISTAN MAM Afghanistan Ltd., Sole Foreign Forwarder in Kabul for ail services C.1.5.-Vootochny, Vladivostok, Moscow, Tashkent, Kiew, Minsk, Riga, Baku North Korea Vietnam Mongolia Hungary CSFR t Poland ocT#Trans AGENCIES (FAR EAST) LTD NOUAKCHOTT-BANJUL-BISSAU-LUANDA BATA Feeder Ve»»el ITA SIN VILLE DE PROVENCE 23/03 VILLE DE VEGA
      579 words
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      1552 34 REGULAR INDEPENDENT FULL CONTAINER SERVICE VSL/VOY SIN ALQ BCL* VAL* HAM BRE# ROT ANT# FEL LHA NORASIA SUSAN 9303 S 25/03 15/04 17/04 18/04 19/04 20/04 21/04 22/04 23/04 24/04 NORTHERN JOY 304W 01/04 22/04 24/04 25/04 27/04 28/04 29/04 30/04 01/05 02/05 NORASIA SING A 9305-3 07/04 28/04 29/04
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      2042 35 H STRAITS SHIPPING PTE LTD 10 Hoe Chiang Road #11-01 Keppd Towers Jingapore 0208 Tel: *****88 Fax: *****17 kIMiUiM A J -IJ IBslJrfsi rlll lAjfeSIAjfeS new guinea pacific line KXvGP (A SERVICE OF CHINA NAVIGATION CO) CARGO DUE SAIS "Of KRIS MAtXJR* Vost KK. S*«i. law 15-16 Mar hi ft
      2,042 words
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      2559 35 SINGAPORE AGENT: MXti 1 f P&O Containers (Singapore Agencies) Pte Ltd X:> X i\V/ VJVrlllCllllVl 9 10 Hoe Chiang Road #07-01 KEPPEL TOWERS. SINGAPORE 0208 ■r V. A Tel: 225 2233 Tele* RS ***** PNOCSP Fax 225 5327/222 7517 W V > CR Number **********0Z EXPORT IMPORT VESSEL WOY -PNG
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      727 36 I rrciDKCR 1 <V HOT I KM. MM WWK6 wool WlWf KUTM 2im I 15-17/3 13/4 18/4 20/4 23/4 TO m DMTAiNER EAST COAST PORTS WL/VOY PKI STORE STD MLB BIIIS Ftt UKL MOO ILMASEK 53S 22/3 20/3 1/4 11/4 5/4 15/4 WOO HIKWII 75S 23/3 24/3 15/4 11/4 28/4
      727 words
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      Page 36 Advertisements Column 2
      1945 36 (g) HANJIN SHIPPImT FDR VSI SM UK HAUL SEA PD* FDR VSL SM |LME HAUL SA* AM NYC HANJM OSAKA 004E 21/3 H. BREMEN 0071 15/4 17/4 HAJW WJCAN 08SC 15/3 H KEELUNG 0411 22/4 23/4 25/4 HANJM HAMBURG 0131 28/3 DMECT 22/4 24/4 HAIUM WHAN6_l2ft_ 22/3 M FCN YORK
      1,945 words
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      Page 36 Advertisements Column 3
      1526 36 f.±W -4fi -j T p] I -1 I PKI SGP KSG HK6 RIG PUS mi OSK ICY SMZ TTO LAI CHS BAi HYC LHV UNI RDM D# t®C Pffl CM Ml U9 I I f IvJ iM «/J *2 *J\ il Ji /4 3/ 5/4 ,M M /4 l s
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      1323 37 Ir— 'NEPTUNE TOPAZ' 37W ETA sg^O/03/938 II ETA RDM 05/04/93, FLX 06/04/93 BRE 08/04/93. LEH 10/04/93 H sy R3 SCX: Connecting N. Diamond Voy 12E in HKG 28/03/93 H *R4 SCX: Connecting C. Pegasus Voy 12E in HKG 04/04/93 WO#rm ITEST tXIWSS EXPRESS (SCX) 1 I TO PNW USA f
      1,323 words
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      Page 37 Advertisements Column 2
      408 37 ©HEUNG-A SHIPPING I Korean Flag Vessels nur cohtmobo) samcE n* hmwong, ram. mai no* STRAITS/KOREA SERVICE KL SM SUt ICC BSD MC MOI IiEWMB 310H 11/03 l»/U 23/03 27/13 21/03 21/03 CHOTMK LAM W3U 11/03 1»/U 23/13 27/03 21/03 21/03 H0 00MN 303H 25/OJ 2«/ M 00/04 11/00 13/00 CHOTMK
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      Page 37 Advertisements Column 3
      160 37 CENTENARY SHIPPING SERVICE WEEKLY F(ILL CONTAINER DIRECT SERVICE SINGAPORE/HO CHI MINH CJIY Now providng Container Trucking toVungtau, from HoCMMhhQty VESSEL S NAME VOY. WW ETA/P S PORE ETA/D HCM CITY TANAH AM 81N/S 23 23 MAR 28-26 MAR 93 TAMAM AM 82N/S 30 30 MAR 02C2 MAR 93 TANAM AM
      160 words
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      Page 37 Advertisements Column 4
      1123 37 m 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 EASTBOtfC—OBCHM6M6 WESTBOUND—IOMMN6 TRAMSHPffD VIA
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      1553 38 K -W ST" AS AGENTS: KAWASAKI SINGAPORE (PTE) LTD (CR No: **********0 M) W W TEL *****77 TELEX: KAWAKIRS23I6S FAX *****07/8/9 md MALAYSIA: "K" UNE MARITIME (MALAYSIA) SDN BHD 1 JL SL "V JL V TEL SA *****00 PK *****75 PEN *****0 JB *****1 PGU *****^6 KAWASAKI KISEN KAISHA, LTD
      1,553 words
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      654 38 PHI LI-Oftl* NT LINGS PTE LTD 1" 108 Robinson Road #07-00 GMG Building Singapore 0106 1 Tel: *****22/*****69/*****00 Telex: RS ***** Fax: *****76/*****38 A MEMBER OF THE SINGAPORE FREIGHT FORWARDERS ASSOCIATION AUSTRAUA/NEW ZEALAND/SOUTH PACIFIC FCL/LCL SERVICE 18 MAR SYDNEY. MELBOURNE. BRISBANE. FREMANTLE 20 MAR AUCKLAND. WELLINGTON. LYTTLETON. NEW PLYMOUTH. NAPIER.
      654 words
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      431 38 n GOLDEN LINE^N ILCGOV GUAN GUAN SHfPVIG \PS>M pTE > LTD I 23. TM Street SMGAPOK 0104 Ttt SMMH (10 LfCS) fa S343SM M*. 1012KSM0M) 6TRAIT6/POHAJ4 OPLF OMTICI S pore P. Kelang Penang COIDUISTW Karachi Oub* D*mni«« 2S/2S Ma nun sua untt. out* i/ i v CHINA IMTICI GOUKN NOMHt
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      945 39 f PACIFIC INTERNATIONAL LINES (PTE) LTD 1 I 140 Cecil Street, #03-00 PIL Building, Singapore 0106. I I V cn NO **********0 L I VESSEL VOV SIN HKG SIN CMB JIB HOO JED AQJ KOTA WUIAYA WJAO2I IS/3 23/3 2S/3 3/4 5/4 «/4 KOTA SWQA SGAQ23 »/3 7/4 t/4 14/4
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      Page 39 Advertisements Column 2
      1504 39 EXPRESS CONTAINER SERVICE TO UK-NORTH CONTINENT-SCANDiNAVIA WEEKLY p|P GUDANG PENANG PKELANG| OCEAN VSI/VOY SIN SOU (1) '""RTM (2) HAM (3) GOT (4) E 19/3 1975 20/3 TOYAMA 3102 23/3 9/4 W4 12/4 14/4 E 26/3 26/3 27/3 AROSIA 3112 30/3 16/4 18/4 19/4 21/4 D 2/4 2/4 3/4 NIHON 3122
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      310 39 BSA° TRANSPORTATION M MYANMA mm, FIVE STAR LINE (Myanmar National Line) Loading for Yangon (Rangoon) Spore P.KIf Pen P.Gdg MYOMAYMA WI47W 23/25 H* 19/21 Ma PATHEW YI22W 24/2* Ha 21/23 Uar PAGAN VI94W 21/30 Ha MMtrSU MENU BOUSTIM) 9*fWG MENCf S Ml ra 13-***** M PKL TQ ii xxm P»
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      51 41 l/c* VISA FREIGHT SERVICES PTE LTD Q Established Since 1984 OCEANIA PORTS REGULAR lcl coinsolid atioin AUCKLAND SYDNEY import export MELBOURNE FREMANTLE SERVICES yy FOR BOOKING SAILING SCHEDULE. CALL THE TOTAL TRANSPORTATION PEOPLE. VISA FREIGHT SERVICES PTE LTD VISA LCL CONSOL PTE LTD TOLL-FREE TEL: 1800-*****66 TOLL-FREE TEL: 1800-*****34 FAX:*****86
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      2657 42 Conventional Semi-Container Fuii Container Liner Services Liner Services am/su s Agents. Monesus Agents. General Agents: Booking Agents: General Agents: Boohing Agents: Goon Guan Sfcppng S* BM Cknng Ckiao Shipping Sdn Bkd f.T. Gtokai Fwtra Indonesia Maritime Yick Fung Shipping A Shipping Fre&t Bmkmg Gntbkip Agtacm Costar Shipping Pte Ltd Shipprng
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      652 43 famous container lines 10 ANSON RD. #15-21 INTERNATIONAL PLAZA, S PORE 0207 HOT LINE: *****33 (24 LINES) LIMASSOL/PBEAUS 22/3 ROTTERDAM 22/3 HAIFA/ASHOOD/ALEXANDRIA 22/3 HAMBURG/BREMEN 22/3 MARSEILLE/FRANCE 22/3 FELIXSTOWE/UK 22/3 BARCELONA/SPAIN 22/3 LEHAVRE/ANTWERP 22/3 GENOA/ITALY 22/3 GOTHENBURG/SCANDINAVIA 22/3 LOS ANGELES/WC/IPI 20/3 SYDNEY/MELBOURNE 18/3 NEW YORK/EC 20/3 FREMANTLE/ADELAIDE 20/3 VANCOUVER 24/3 BRISBANE
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      729 43 m RICHFIELD MARINE AGENCIES (S) PTE LTD H TEL: *****33 (12 Line*) R FAX: *****15/*****03 |fH| TELEX: RS ***** RISHIP (3 Lines) \M\ ETHIOPIAN SHIPPING LINES (National Lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL VESSEL |VOY ETA LOADING FOR SPORf ANOINET 30WB IS/04 DARESSALAAM MOMBASA DjeOUTI ASSAB MASSAWA ABYOT 3?WB
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      684 43 JAKARTA BANCKQK (NANA BHUM 22S 20/3 23/3 G KOJNTStr 14W fn 19/3~ Mw 22/3 MM BNUM liH 2473 27/3 IMU BHUM MM Fri 19/3 *m 22/J bhum m 2*75 *71 IWII4 WW 133N Sat 20/3 W«L_ 24/3 1= 0 StNTOSA 27N Sal 20/3 lu. 23/3 THANA W—4 2» 27/3 31/3
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      325 43 mure BAY OF BENGAL SERVICES IKB SIM MM kM 24-25/03 1141/04 1 CM MNMBM 2m 22 21/01 20-10/83 0540/04 mi MMH MR 24-24/13 3141/04 07 01/04 ng» most 24» 25-30/03 04-00/04 12-13/04 UfiU OKL3 U2 hPirt 25-2J/03 0445/04 1 M&EtS Mia M7CM 2*21/03 20-30/03 0541/04 TKU m» IC4OB 27-21/03 0240/04
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      1392 44 ftANMN container lines U\s/VzJAgents: MAC-NELS SPORE: *****22 (24 LINES) PENANG: (04) *****6 SIBU: (084) *****9 KUCHING: (082) *****3 P.KELANG: (03) *****77 JAKARTA: (21) *****32 SURABAYA: (31) *****0 COMPETITIVE RATE TO HONG KONG 3 SAILINGS WEEKLY (MON/WED/FRI) FOR BOOKING, PLS CALL *****76. *****75. *****221 S& %LXFRB4tZmtACT PKL: *****48 JB *****7 (3
      1,392 words
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      Page 44 Advertisements Column 2
      239 44 w- BLUE STAR LINE SINGAPORE TO AND FROM NEW ZEALAND AND PACIFIC ISLANDS SM AKL LYT SM I STAR 6S 23/3 4/4 6/4 23/4 PREMER 23S 4/4 17/4 19/4 4/5 AUST STAR 86S 20/4 2/5 4/5 20/5 a WITH OPPORTUNITY TO CALL BRISBANE ON OR ABOUT 21/3 FULLY CONTAINERISED SAILINGS
      239 words
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      1026 44 oi THONG SOON UNES PTE. LTD.I 77 RO6MSON ROAD #15-00, #16-00 SIA BUILDING SINGAPORE 0106 TEL: *****88 FAX NO: *****11, *****22 TLX: RS ***** CARRER, RS ***** JENHOI CABLE: TOSOCO —i VESSEL VOY SPORE MST VESSEL VOT SPORE lEST EQUATOR JADE 72/3E 22 MAR KUCHING EQUATOR GRACE 82/3E 19 MAR
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      696 48 cosco I UjCC CONVENTIONAL SERVICE VESSEL PKL PNG P G. LOADING FOR A VESSEL 28/03 Rotterdam/Antwerp CHINA CONVENTIONAL SERVICE VESSEL PKL PNG P G LOADING FOR: A VESSEL 15/03 20/03 Huangpu Guangzhou COSCO FULL CONTAINER SERVICES (FCL/FCL) EXPORT TO: C HIN A B ANGK OK/HONGK ONG EUROPE/CONTINENTAL WEST MEDITERRANEAN AUSTRALIA
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      Page 48 Advertisements Column 2
      160 48 A gSBHfe EES FREIGHT SERVICES PTE LTD Mrrn #01-60 Wallich Building. "UXJ Wallich Street, Singapore 0207 Tel: *****66 (10 Lines) Fax: *****69/*****44 I"HANJIN CHEJU" 11 "NANTA BHUM" 11 "OOCL FRONTIER" I V.138 II V.133N II V.IOE I ETA SIN: 28/3/93 11 ETD SIN: 20/3/93 11 ETA SIN: 24/3/93 I We
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      Page 48 Advertisements Column 3
      208 48 [far JAST> Zi<EEmS x. Jakarta! I honc KONO I tBANCKOK_^/ If HAMBURG V I ROTTERDAM BARCELONA "A MARSEILLE ft V RITOA 7 CARGO \TEL:*****68 <&> CROSS WATER KM) OFFICE: »1 SOtANGOOH *o*o »<* 00 SEMNGOON MOM S(0I21) WAREHOUSE (CFS) BLK 37 #04 25 2« IC PAGAR FBIGHT STATWM TE *****05
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      Page 48 Advertisements Column 4
      863 48 Antwerp 22/3 Fremantle 21/3 Bangkok 20/3 Bremen 22/3 yc ?u ey Vt'H Busan 22/3 Hamburg 22/3 Melbourne 28/3 Hong Kong 22/3 LeHarve 22/3 Kaohsiung 20/3 Felixstowe 22/3 Keelung 19/3 Rotterdam 22/3 Bombay 22/3 Jakarta 21/3 Calcutta 23/3 Manila 22/3 Chittagong 22/3 Lax Nyc 22/3 o?/2 pHpgMaM *We travel all over
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      Page 49 Advertisements Column 1
      839 49 A HYUNDAI MERCHANT MABINE CO. LTD. WESTBOUND TO EUROPE VESSELS VOY PNA I PKE I PGP I VESSELS VOY_ SK RIM ANT* I EH* HAM BREt PEL HMM ADVANCE 08A 09/03 10/03 12/03 H CHALLENGER 303W 14/03 02/04 02/04 03/04 04/04 04/04 06/04 HMM ADVANCE 09A 16/03 17/03 19/03 OOCL
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      Page 49 Advertisements Column 2
      513 49 STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS INBOUND VESSELS VESSEL W V P( KBC KK MAKE MOON MM— ASEAN TIAOEI 21 19 1 COSMK TRAKI 14 Ml It/) IVAN SUMMON 11 U I 23/J am akesm n 231 2S i rm 27/3 08UCE SNT 1 24/3 INANTAN 22/1
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      Page 49 Advertisements Column 3
      1118 49 OUR USA Er m h c.To I" I m \Z I 1" SERVICE CALLS awnHuw iw> n/pj AMMWON Htmct THaT ttn MM U/M UMi«M KM MM ism KM SINGAPORE tt» 0W» »It; 13 HLMIOO WClQtt MBM 31 (341 MII M 71/04 21 M2l M 11/ M 23 M 22 M
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      339 50 Tomorrow in Business Times Notices OFFICIAL NOTICE PROPOSAL TO CHANGE OF SHIP'S NAME We, HLM Shipping Pic Ltd, of Block 1 Wholesale Centre #0308 Pasir Panjang Road, Singapore 0511, hereby give notice lhal in consequence of the proposed change of name of the vessel "SENPO MARU", have applied to the
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      Page 50 Advertisements Column 2
      183 50 ADYKH3M0 a ETI Tomorrow in Business Times I r The Regional Office of a Swiss-based, leading international Jl I Freight Forwarding company with a global network of offices, I I affiliates and representatives is looking for a suitable candidate I I to fill the post of: I I Prerequisites: I
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