The Business Times, 23 March 1993
1993-03-23
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The Business Times
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Title Section15 1993-03-23 1 Business Times WE KNOW ASIA Mi l A (I') 552/12/92 Tuesday March 23 1993 75"15 words
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2am LATEST
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61 1993-03-23 1 Reuter UNITED NATIONS Prospects faded yesterday for an immediate vote on a Security Council resolution authorising the shooting down of aircraft violating a fivc-month-old nofly ban over Bosnia-Herzegovi-na, council members said. They said Russia had proposed some language dealing with rules ofReuter - 61 words
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87 1993-03-23 1 AFP JOHANNESBURG The African National Congress emerged here yesterday from a weekend conference on the key issue of regional powers in the new South Africa with a reaffirmation of its commitment to a unitary state. A final resolution said the African National Congress was preparedAFP - 87 words
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Article, Illustration112 1993-03-23 1 Stock market indices Momfa) Change Sril 1.652.26 -12.52 KLSE Composite 634.6S -1.68 Nikkei 18,784.39 +247.22 Hang Seng 6.060.04 -23.30 SET Index 899.23 -12.77 Jakarta Composite ...Closed CLSA China B 1.412.73 -8.89 Aust All Ord 1.664.3 -12.9 F1SE 100 2.863.9 -36 2 Momla) Previous 11 am close Dow Jones112 words
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460 1993-03-23 1 John Helmer - From John Helmer in MOSCOW THE power struggle between Russian President Boris Yeltsin and the hardline Parliament appeared at stalemate late last night with neither side acting on moves which have plunged the country into its worst crisis since the coup460 words
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Article, Illustration458 1993-03-23 1 PARIS The governing Socialists have suffered a crushing defeat in the first round of French parliamentary elections. The conservative alliance won a probable four-fifths majority in the National Assembly and completely isolated Socialist President Francois Mitterrand. The conservatives won 78458 words
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674 1993-03-23 1 S N Vasuki - By S N Vasuki SINGAPORE Rising wages and sliding growth arc forcing South Korean businessmen and policy-makers to do sonic soul-scarching about the nation's growing economic woes. And a World Hank report saying that South Korea won't become674 words
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431 1993-03-23 1 Magdalene Ng - By Magdalene Ng SINGAPORE The Monetary Authority of Singapore is relaxing its rules on the internationalisation of the local dollar on a casc-by-casc basis, a move which will benefit government-linked companies expanding in the region. PT Batamindo Investment Corporation yesterday successfully raised431 words
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188 1993-03-23 1 Loh Hui Yin - By Loh Hui Yin SINGAPORE Thailand is keen to seek reciprocity for its banks from the monetary authorities here, after granting offshore banking licences recently to two Singapore banks. Thai Finance Minister Tarrin Nimmanahaeminda is likely to raise the topic of188 words
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Page 1 Advertisements
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Advertisement234 1993-03-23 1 Introducing Hie WORID'S SMALLEST UGHTESKamera NEW NIKONAF6OO tNlkonl THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM Nikon Camera Centre Super Photo #03-26 Orchard Pbint Tel *****81 /*****16 CONTENTS News Cwnpanies S pore News 2 S'poreM'sia ...9.10.12 Regional News 3,4.5 Financial 13.14 World News 8 Features Analysis 2/ Oob/RLSt. SES 19.20 Edtowl l» 17234 words
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Advertisement7 1993-03-23 1 Property Construction SSL got>.s regional Pa 257 words
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Advertisement41 1993-03-23 1 Hock Lock Siew OL B deserves much higher rating Pk 9 Editorial. Pg 26 West sees military staying out of dispute for now, Pg 8 France lakes a rijjht I urn. I'u 26 Utile chanqe in economic policy seen, l'j» 841 words
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Advertisement23 1993-03-23 1 The Bottom Line y A terrorism: India niil&lakc XSkisiu&nßack pg j map jog? TTir I hailand out to woo S'pore investors, I'g 323 words
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Advertisement113 1993-03-23 1 Introducing the WORLD'S SMALLEST LIGHTEST Camera NEW NIKON AF6OO ta v iNikon I THE WORLD'S FINEST PHOTOGRAPHIC SYSTEM Nikon Camera Centre Super Photo #03-26 Orchard feint Tel: *****81/*****16 BALLY SHOES FASHION ACCESSORIES BALLY BOUTIQUES <n SINGAPORE Raffles Hotel Arcade Tei 338 0170/Raffies City Tel 339 0169 BALLY AUTHORISED DEALERS Champion113 words
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SINGAPORE NEWS
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eye on the ECONOMY
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Article, Illustration312 1993-03-23 2 Teh Hooi Ling - By Teh Hooi Ling ELECTRICITY sales to the manufacturing sector a coincident indicator of the level of industrial output fell 6.5 per cent to 532.3 million kilowatt-hours (kwh) in January compared to the same month a year ago. And compared to December 1992, January's consumptionSource: PUB/Dept of Stats - 312 words
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262 1993-03-23 2 THE Republic of Singapore Air Force will rclocatc some of its flight training activities to an air base near Perth. A memorandum of understanding on setting up a flight training school at the Royal Australian Air Force base at Pcarcc base262 words
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337 1993-03-23 2 Kooi Cho Teng - Prices could rise by 5-10pc. says HDB officer By Kooi Cho Teng PRICES of resale Mousing and Development Board fiats are expected to rise when revised guidelines on mortgage loans take effect next month. HDB chief estate administration officer337 words
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263 1993-03-23 2 Claire Leow - By Claire Leow INTERNATIONAL Business Machines and local security firm Cisco yesterday launched a disaster recovery centre as a back-up for crucial information services. The $15 million centre, at Paya Lebar, already has 11 clients, including banks, government agencies and some manufacturing companies.263 words
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Article, Illustration285 1993-03-23 2 Sylvia Wong - By Sylvia Wong PIDEMCO LAND will need at least 10 years to recoup the $29 million it spent retrofitting its Orchard Point shopping complex, savs chairman Hong Hai. The complex reopened yesterday after a metamorphosis from a down-market shopping centre to a swanky285 words
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399 1993-03-23 2 Joseph Rajendran - By Joseph Rajendran A WINDING-UP petition has been served on Singapore PC maker IMI Electronics, the latest victim of a ruthless PC price war. But IMI, which is being sued by Pico Art International for non-payment of a 514,200 bill, has asked the High Court399 words
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344 1993-03-23 2 Conrad Raj - By Conrad Raj THE District Court will decidc on March 31 whether to try jointly or separately the four men who were charged in December with contravening the Official Secrets Act. Senior District Judge Richard Magnus yesterday asked for written344 words
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Page 2 Advertisements
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Advertisement115 1993-03-23 2 Q OMEGA The sign of excellence. Spcc i a f tie s 'J ro m ACROSS ICOHI EXE C U TIV ESET-LUNCH At Chesa Swiss cV Continental Restaurant, we present daily specialties from across the Continents for busy executives who appreciate enough to take time off to savour the finer115 words
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Advertisement49 1993-03-23 2 CONVENIENT Ail OVERNITE h.-ffi •on sm _v f A 'NO MESS Items We respray include Machineries Equipment Panels Lockers Shelvings •Elevator Doors Shuftlers Filing Compactus Plan Files Stationeiy Cupboards Safes Fire Proof Cabinets Desks And so on ***** I For details contact Te1:*****94 Fax: 744 2990 HMH ELECTRO PAINTERS49 words
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Advertisement39 1993-03-23 2 PJ EX HI BIT lON of SvCTiINFSE Fl RNi rrißL^ i9Marck93 [RJVEKWALKI i aoril 9? HS4T// "jS GALLERJA 1 P Izflf/ \\VSf Mlpp.TUrcuWlU 0.3 Oam 9piti V wbi #o4 -02,(5i0i05 SINGAPORf BUSINESS GIVING YOU THE WINNING EDGE MARCH 199339 words
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THE REGION
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Article, Illustration425 1993-03-23 3 Loh Hui Yin - Economic cooperation takes centrestage in PM Gohfs talks with visiting Thai counterpart By Loh Hui Yin SINGAPORE Thai ministers and officials are to make a series of visits here to pitch for investments from Singapore. Thailand's Board of Investment the equivalent of Singapore's Economic425 words
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164 1993-03-23 3 AFP BANGKOK Thailand yesterday called on the United Nations to promote joint efforts with Asean to prevent regional disputes. "Cooperation between Asean and the UN can help compensate for weaknesses that each organisation may suffer from singly," Deputy ThaiAFP - 164 words
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337 1993-03-23 3 Harish Mehta - By Harish Mehta SINGAPORE Vietnam plans to become a full member of the 10-nation group of central banks which helps South-east Asian governments frame prudent monetarv policy. The State Bank of Vietnam has been an observer at meetings of337 words
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168 1993-03-23 3 AFP JAKARTA Jamaludin Suryohadikusumo, Indonesia's newly-appointed Forestry Minister, has pledged to review forest utilisation plans and tighten forest concession licensing. Mr Jamaludin told journalists over the weekend that reviewing the forest utilisation plans would help correct past mistakes, the Jakarta Post reportedAFP - 168 words
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Article, Illustration238 1993-03-23 3 Al Labita - From Al Labita in MANILA PRESIDENT Fidel Ramos said yesterday the Philippines will achieve 4.5 per cent economic growth this year despite the energy crisis. The target is achievable because other economic sectors, such as agriculture, have not been adversely affected by238 words
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250 1993-03-23 3 Reuter PHNOM PENH Khmer Rouge guerillas have fired rockets closc to Siem Reap airport in Cambodia's north-west, the main tourist destination for visitors to the ancient Angkor temples. A United Nations report, released yesterday, said three 107-mm rockctsReuter - 250 words
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400 1993-03-23 4 Reuter BEIJING China's top state prosecutor yesterday conceded that officials sometimes use torture, sabotage elections and frame people with false accusations but he dismissed criticism of Beijing's human rights record as groundless. Liu Fuzhi, chief of the Supreme People's Procuratorate, toldReuter - 400 words
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300 1993-03-23 4 SINGAPORE Foreign companies in China are paying two to three times as much for labour as the Chinese government says they are, according to a report published yesterday by the Economist Intelligence Unit (EIU). China's "basic wage" frequently quoted by officials300 words
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505 1993-03-23 4 AFP TOKYO North Korea yesterday declared that 1.5 million youths had volunteered to join the army amid mounting international pressure to bring the country back into the nuclear Non-Proliferation Treaty (NPT). "Young and middle-aged people and war veterans across theAFP - 505 words
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329 1993-03-23 4 Reuter SEOUL North Korea, which this month pulled out of the Nuclear Non-Proliferation Treaty (NPT), cannot use its nuclear obligations as a bargaining counter to gain concessions. South Korea's Foreign Minister Han Sung Joo said yesterday: "Even if negotiations are heldReuter - 329 words
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ASIA NOTES
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Article90 1993-03-23 4 Reuter BANGKOK Myanmar's ruling generals have denied murdering the finance minister of the rival government set up after the military refused to hand over power to the winners of a national election three years ago. Allegations that the ruling junta was responsible for Win Ko's deathReuter - 90 words
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87 1993-03-23 4 AFP KUALA LUMPUR A confidant of Malaysian Prime Minister Mahathir Mohamad yesterday accused Washington of lying to cover-up the actions of police who allegedly arrested and illtreated him without reason in New York. Eric Chia, managing director of giant steel firm Perwaja SteelAFP - 87 words
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Article61 1993-03-23 4 AFP MANILA Thai Prime Minister Chuan Leekpai is to be given a special tour of the former US naval facility at Subic naval base when he makes a state visit to the Philippines tomorrow. President Fidel Ramos said yesterday: "The Prime Minister expressed a desireAFP - 61 words
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Article, Illustration68 1993-03-23 4 Reuter CERVANTES, Australia Cousins Jamie Andrich (left), Kelly Ren (centre) and sister Michelle cuddling a rare and extremely valuable fossilised egg which is believed to be from an extinct Madagascan elephant bird. The egg, 80cm long and thought to be 2000 years old, is thought to have floatedReuter - 68 words
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59 1993-03-23 4 Reuter TOKYO Japan's disgraced ruling party godfather Shin Kanemaru took a one per cent kickback on public works contract he brokered, including a coveted supertrain track. Japanese media reported yesterday that prosecutors were about to reveal a network of shady ties between Kanemaru and buildingReuter - 59 words
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465 1993-03-23 5 Reuter TOKYO An emergency spending plan being drawn up by Japan might help rescue the economy from further stagnation, but will fall short of fuelling a rapid recovery. Private economists said yesterday that the fiscal package being shaped by the rulingReuter - 465 words
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Article, Illustration29 1993-03-23 5 Reuter YOKOSUKA, Japan Some of the 384 graduates of the National Defence Academy throwing their hats into the air after their graduation ceremony on Sunday. ReuterReuter - 29 words
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516 1993-03-23 5 Reuter NEW DELHI Rivals of Indian Prime Minister PV Narasimha Rao launched a strong attack on his leadership over the weekend, bringing a behind-the-scenes tussle within the ruling Congress party into the open. Human Resource Development Minister Aijun Singh, a keyReuter - 516 words
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286 1993-03-23 5 Bloomberg Business News COLOMBO The Sri Lankan government's decision to scrap a broad range of foreign exchange controls will boost foreign investment and encourage Sri Lankans to keep their money invested at home, analysts said yesterday. The government on Saturday said it isBloomberg Business News - 286 words
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242 1993-03-23 5 AFP VANCOUVER Canada has called for a new security agenda for Asia, with the full participation of Russia, China, Japan and the United States. External Affairs Minister Barbara McDougall on Sunday warned a conference of delegates from Pacific nations, including Japan, China,AFP - 242 words
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Page 3 Advertisements
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Advertisement226 1993-03-23 3 Wth Unisys Imaging now everyone can get the picture. With Unisys now anything on paper can fO*o*?iCt usto*t* stored in your computer and accessed by anyone anytime. ff Or by everyone all at the same j^rQ^y^/iY*rs-, time. Signatures can be check- i .r~ International Trusts Bank 7 *7 <72, ed226 words
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Page 4 Advertisements
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Advertisement198 1993-03-23 4 $25,000 Gets you labels Of 2 Golf Clubs. (Driver comes free!) FCC-Palm link When you have reached A warning though, with the FCC-Palm Link, a certain stage in life, there are you'll have to get used to the double-takes of places you need to drive in to. envious passers-by when198 words
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Page 5 Advertisements
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Advertisement47 1993-03-23 5 Ask us for a glimpse of France before YOU'VE EVEN LANDED. :8f I p I FRANCE SEEN BY AIR FRANCE. AIR FRANCEjg^y ASK THE WORLD OF IS FOR YOUR TRAVEL ARRANGEMENTS TO PARIS AND BEVOND CALL AIR TRANCE ON 7)T p)55 OR SEE \Ol R TRAVEL AGENT47 words
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REGIONAL FOCUS
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Article, Illustration1286 1993-03-23 6 Florence Chong - Australia after the elections From Florence Chong in SYDNEY NOW that the dust of one of Australia's most divisive and volatile election campaigns has settled, the nation appears set to be under Labor rule for most of this decade. And despite the unease in1,286 words
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Page 6 Advertisements
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Advertisement24 1993-03-23 6 For further information on which newsstands carry Her World, Go, Singapore Business, Home Decor, Young Parents, piease call our Customer Services Section on 1800-749-?57724 words
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Page 7 Advertisements
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Advertisement180 1993-03-23 7 How To Give Your Financial Controller A Complete Breakdown. wfeiiifes-4 18i«M^^^9H8 Easy. Give him a Quarterly Management Report. And, believe it or not, it'll give him better control and lighten his job. You see, only the Quarterly Management Report from the American Express Corporate Card System gives him a comprehensive,180 words
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THE WORLD
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WORLD WATCH
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52 1993-03-23 8 AFP LONDON Britain's visible trade gap with countries outside the European Community widened to £1.334 billion (553.3 billion) in February, the Central Statistical Office said yesterday. The deficit stood at a revised £1.06 billion in January. Economists had forecast a figure of £1.2 billion forAFP - 52 words
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Article, Illustration46 1993-03-23 8 Reuter PARIS Nude members of the Washington-based Peta animal rights group waving at passengers in a bus at the weekend as they protested near the international fur trade fair being held here against the killing of animals for fur. ReuterReuter - 46 words
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Article64 1993-03-23 8 AFP MOSCOW A parliamentary debate on the Start-II treaty on reducing strategic arms, due to be held yesterday, has been postponed until a later date "on account of the situation at present in the country", an official said yesterday. The secretary of the Russian Parliament's foreignAFP - 64 words
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68 1993-03-23 8 Bloomberg Business News HAMBURG German government borrowing has reached its "upper limit", Bundesbank president Helmut Schlesinger has told a magazine. "Our net borrowing is close to 4 per cent of gross national product, while the Maastricht Treaty has set 3 per cent as the upperBloomberg Business News - 68 words
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40 1993-03-23 8 Knight-Ridder WASHINGTON US Trade Representative Mickey Kantor has urged Germany to continue lowering its interest rates. Speaking on CNN. he said both Germany and Japan needed to act to stimulate their economies. Knight-RidderKnight-Ridder - 40 words
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584 1993-03-23 8 Crisis in Russia Intervention possible if threat of widespread chaos arises Reuter BRUSSELS Russia's huge military machine is likely to stay out of the political power struggle for now but could be drawn in if chaos threatens to overwhelm the federation.Reuter - 584 words
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423 1993-03-23 8 Reuter MOSCOW President Boris Yeltsin will find it hard to persuade hostile regional leaders and an apathetie public to back his economic plans even though some positive signals emerged from Russia's power struggle at the weekend. Economists and diplomats said they were encouraged byReuter - 423 words
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193 1993-03-23 8 Reuter MOSCOW Russian Foreign Minister Andrei Kozyrcv has said he expects to discuss the possibility of an early meeting of the leaders of Group of Seven (G-7) industrialised countries when he visits Washington this week. "We should probably tryReuter - 193 words
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Article, Illustration25 1993-03-23 8 Reuter ESHERI, Georgia Abkhazi rebels firing at Georgian troops on Sunday near the capital, Sukhumi, after retreating to the Gumista River.Reuter - 25 words
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379 1993-03-23 8 French parliamentary elections Reuter PARIS The centre-right coalition set to take power after a landslide in last Sunday's first round of French parliamentary elections will maintain an economic policy not unlike the present Socialist government's, economists say. "French macroeconomic policies are highly unlikely toReuter - 379 words
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437 1993-03-23 8 AFP PARIS The crushing defeat of the left in France's legislative elections at the weekend is being followed by another battle between the two main components of the victorious right-wing alliance, the Union for France (UPF). The UPF can count on more than four-fifths ofAFP - 437 words
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203 1993-03-23 8 Reuter LONDON Chancellor Norman Lamont has stoked an angry debate over the British Budget by refusing to back down over a controversial new fuel tax. The opposition Labour Party has vowed to launch a nationwide crusade to exempt the poorReuter - 203 words
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Page 8 Advertisements
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Advertisement304 1993-03-23 8 What is the COST OF A LOST /1A jf W SALES to you? !JL<A^3^rV^j\ How many I /fV[C" \Hr\*' sales are lost \TvMM\4V IJj th rough i AVOIDABLE SALES ERRORS \vA\Vl U\ 11 advanced professional W/ SELLING NS| W 2nd April 1993, 9.00 am to 5.00pm r Orchard Parade Hotel304 words
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COMPANIES & MARKETS
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446 1993-03-23 9 Lee Han Shih - By Lee Han Shih SINGAPORF There's good news and bad news for shareholders of listed property counter Hong Fok Corporation. The good news is that it has turned in a set of vastly improved results for 1992. The bad news is that446 words
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310 1993-03-23 9 SINGAPORE National carrier Singapore Airlines (SIA) will launch more cargo services to the United States, Europe and Africa when it receives delivery of its fourth 8747 freighter in July or August this year. The carrier launched additional freighter services to Brussels, Los Angeles and310 words
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335 1993-03-23 9 Florence Chong - From Florence Chong in SYDNEY FROM April, Singapore Airlines Hi-Flyer customers will have the option of using their mileage points for free travel within Australia. Under an agreement announced in Sydney yesterday, SIA has joined Ansett Australia's Frequent Flyer Programme. In making the335 words
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Article, Illustration931 1993-03-23 9 Alvin Tay - HOCK LOCK SIEW By Alvin Tay SINGAPORE Overseas Union Bank (OUB) has proven most analysts wrong again. Last week, it reported group net earnings of $106.51 million for 1992, up 17.4 per cent from 1991. Analysts were off the mark, with projections931 words
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Article314 1993-03-23 9 Magdalene Ng - Special lOpc dividend and l-for-4 bonus issue planned By Magdalene Ng SINGAPORE Ssangyong Cement (S) posted a healthy 48 per cent jump in group net earnings last year and has decided to reward shareholders with a special 10 per cent dividend as well as a one-for-four314 words
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169 1993-03-23 9 SINGAPORE Marco Polo Development lid has reported a 13 per cent drop in revenue on an annualised basis to $41.6 million for the year ended last December. No direct comparison with the preceding period was possible as the group changed its financial year-end to169 words
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248 1993-03-23 9 Hong Lee Tiam - By Hong Lee Tiam SINGAPORE Hotel Grand Central Ltd has succeeded where many other Singapore hotel groups have failed last year. It turned in a solid set of results yesterday with group net profit up by a quarter to $10.82 million. The hotel248 words
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Article, Illustration342 1993-03-23 9 Source: Bridge Info Performance of Sill's index stocks Mar 22 Last Scot Is4r\ Sioci sale hat (artar ao>m <$> (V) Avimo ISM IM CAT 6 K00 -0 100 5 69 110) C'crdHM 5 100 -0 200 4 44 22 10 IAN 12 )00 -0 400 10 10 4420 til-Source: Bridge Info - 342 words
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COMPANIES
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COMPANY BRIEFS
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Article102 1993-03-23 10 Bernama KUALA LUMPUR Edaran Otomobil Nasional Bhd (EON), the local distributor of the national car, has reported a 4 per cent rise in group pre-tax profit to M$ 181.04 million (S$ 114.05 million) for the year ended Dec 31, 1992, despite a downtrend in theBernama - 102 words
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67 1993-03-23 10 SINGAPORE Sesdaq-listed Inter-Roller Engineering Ltd has posted a 19.4 per cent decline in group earnings to $1.53 million for the year ended Dec 31, 1992, mostly because of an increase in staff and overhead costs, as well as an increase in contracts pending delivery and completion.67 words
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98 1993-03-23 10 SINGAPORE Listed Intraco Ltd has secured a $21.2 million contract to provide the Public Utilities Board with cables used in electricity transmission. According to a government gazette released over the weekend, Intraco was the lowest bidder in a tender which also included Simga Cable98 words
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Article80 1993-03-23 10 Bernama KUALA LUMPUR Esso Malaysia Bhd, which will celebrate its 100 years of operations in Malaysia this year, recorded an after-tax profit of M 566.4 million (5541.8 million) for 1992 compared with the record M$ 104.3 million in 1991. Chairman Morris Foster said in aBernama - 80 words
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139 1993-03-23 10 Bernama KUALA LUMPUR Genting International Ltd announced an 18 per cent increase in group pre-tax profit to U5521.39 million (Ss3s million) for the year ended Dec 31, 1992, from US$lB.l9 million previously. Releasing its audited results yesterday, Genting said group turnover decreasedBernama - 139 words
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415 1993-03-23 10 MBT KUALA LUMPUR Renong Group will realise an extraordinary gain of M 5283.6 million (S$ 178.7 million) from the proposed disposals of stakes in the News Straits Times Press (Malaysia) (NSTP) and Sistem Televisyen Malaysia (TV3). This is basedMBT - 415 words
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255 1993-03-23 10 Bernama KUALA LUMPUR Commerce Asset-Holding Bhd reported an 8.2 per cent drop in group pre-tax profit to M$ 107.94 million (Ss6B million) for the 12 months ended Dec 31, 1992, compared with M 5117.612 million for the 16 months ended to Dec 31, 1991. AtBernama - 255 words
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322 1993-03-23 10 South China Morning Post HONGKONG Hongkong Land Holdings saw net profit in 1992 rise by 2J per cent to US$3O5 million (Sssoo million), in line with market expectations. A slide in revenue from the core rental business was offset by a majorSouth China Morning Post - 322 words
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Article457 1993-03-23 10 UNIT TRUSTS FUNDS Managers' prices Mar 23 Prudential Singapore Unit Trwt PruLink Mgd Fund 105 I.I I The Commerce 1 28 1.14 MARA-Bumipirtra TV Saving Fid 109 I.UMl First B pulra I 58 16) Spore Pro» Fund 0 5 0 55 SoondBpulra 156 I 61nd Vpore SccTm* 0«5 0 89457 words
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334 1993-03-23 10 MBT KUALA LUMPUR Leader Universal Holdings Bhd has posted a 59.7 per cent increase in group pre-tax profit to MSI 11.81 million (5570.44 million) for the vear ended Dec 31. 1992. This was achieved on a turnover of M 5464.31 million compared withMBT - 334 words
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Article774 1993-03-23 10 Payment Kx Books Pa) date close dale Apollo F 2.5 Jun 21 Jun 25 Jul IS Avimo 20- F I2.5TE Feb 17 Mar I Apr 15 BAT 21* F 114.2 Mar 23 Mar 29 Apr 6 Berjaya Group I 4 Mar 18 Apr 2 Apr 15 Berjaya Ind774 words
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408 1993-03-23 12 Harish Mehta - By Harish Mehta SINGAPORE ABB National Transformers AS Norway is poised to become the first foreign company to produce power-generation transformers at two factories in Vietnam. The Norwegian firm plans to take over and run two factories that produce powergeneration transformers in the408 words
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322 1993-03-23 12 Bloomberg Business News TOKYO Four major US companies filed to be delisted from the Tokyo Stock Exchange. cutting the number of foreign companies listed in Japan to lIS. Bank company First Chicago Corp. waste treatment company Waste Management Inc. paperBloomberg Business News - 322 words
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548 1993-03-23 12 Reuter SYDNEY The Australian stock market, recovering quickly from Labor Prime Minister Paul Keating's shock election win. appears set for a strong run over the next few months as foreign investors refocus on resource stocks. The doom and gloom predicted by someReuter - 548 words
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COMPANY BRIEFS
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84 1993-03-23 12 Knight-Ridder BANGKOK PTT Exploration and Production Public Co Ltd said yesterday trading of its shares on the Stock Exchange of Thailand will begin in May. The company sold 39.96 million shares worth about 1.3 billion baht (5583.7 million) at an initial public offering priceKnight-Ridder - 84 words
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Article, Illustration84 1993-03-23 12 Reuter TOKYO Monsieur, the world's smallest miero-robot. shaped like a ladybug and mouse-like with eyes and ears, is about 1.5 cubic centimetres in size and set to enter the 1994 edition of the Guinness Book of World Records. Unveiled at Seiko Epson Corp'sReuter - 84 words
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Article81 1993-03-23 12 AFP BEIJING Firms from China and the US are to jointly build the biggest copper mine in eastern Siberia, the China Daily newspaper said on Saturday. E W C Wang, president of the US partner in the venture, Chita Mining Co Ltd. got a green lightAFP - 81 words
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Article59 1993-03-23 12 Bloomberg Business News lOKYO— Kanematsu Corp. a major trading company in Japi.n. has acquired a 30 per cent interest in oil drilling rights in fields in Indonesia from Atlantic Richfield of the US. the Mlion Keizai newspaper said in its Sunday editions. The company willBloomberg Business News - 59 words
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FINANCE
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389 1993-03-23 13 Maggie Ford - From Maggie Ford in JAKARTA INDONESIA'S central bank will introduce a new system of auctioning its Treasury bills from April 1 to give it greater control over interest rates and the money supply. SBIs, as the bills are known, have attracted growing interest389 words
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Article, Illustration293 1993-03-23 13 Paul Leo - By Paul Leo SINGAPORE The Asian Development Bank's first yen-denominated bond has been oversubscribed five times, according to its treasurer, Tomoo Hayakawa. The 30-billion-yen (SS42O million) five-year dragon bond has a fixed interest rate of 4 per cent payable annually. It was listed simultaneously293 words
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205 1993-03-23 13 Quak Hiang Whai - By Quak Hiang Whai SINGAPORE Indonesia's Bank Dagang Negara and I hailand's krung Thai Bank yesterday signed separate loan agreements to raise a total of US$l75 million (Ss2B7 million). The two state-owned banks will lend the money to their domestic customers. Bank Dagang Negara,205 words
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303 1993-03-23 13 Bloomberg Business News TOKYO Japanese banks have taken another step towards modernisation by changing to same-day settlement of remittances. Before yesterday, the central bank settled all such payments one business day after transactions were recorded. "The move for same-day settlement was motivated by the desireBloomberg Business News - 303 words
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SMALL CHANGE
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Article67 1993-03-23 13 AFP HONGKONG The Hongkong unit of Malaysia's MBf Holdings said yesterday it would open a bank in the South Pacific kingdom of Tonga within six months. MBf Asia Capital Corp Ltd is only the second firm to be granted a commercial banking licenceAFP - 67 words
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Article, Illustration41 1993-03-23 13 Reuter MOSCOW A worker at an exchange bank in Moscow marking up the latest rouble rate yesterday. The rouble has fallen against foreign currencies after the imposition of presidential rule by Russian President Boris Yeltsin last Saturday. ReuterReuter - 41 words
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90 1993-03-23 13 Bloomberg Business News TAIPEI Direct investment by foreign financial institutions in Taiwanese stocks has surpassed US$l billion (551.64 billion) for the first time, the Commercial Times reported on Sunday. The government has approved more than US$7OO million additional foreign funds for investment, but theseBloomberg Business News - 90 words
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62 1993-03-23 13 Kyodo TOKYO Three leading Japanese commercial banks will separately enter the investment trust market by establishing subsidiaries within the year, bank officials said yesterday. Sanwa. Sakura and Fuji banks, which are among Japan's 11 major commercial banks, will apply to the finance ministry for permissionKyodo - 62 words
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Article99 1993-03-23 13 Reuter NICOSIA Saudi Arabia's troubled National Commercial Bank (NCB) is recruiting a top American banker from Citibank as part of moves to give the bank "a more conventional" air, the Middle East Economic Survey (MEES) said yesterday. The Cyprus-based newsletter said NCB, an unquoted privateReuter - 99 words
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FINANCE & COMMODITIES
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556 1993-03-23 14 Reuter PHNOM PENH Financial experts are battled by a weekend crash of confidence in Cambodia's battered currency after it plummeted to its lowest rate against the dollar since the country's October 1991 peace agreement. The riel hit a weekend low of 5,000 rielReuter - 556 words
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Article, Illustration59 1993-03-23 14 Reuter MOGADISHU, Somalia Money trader Mahad Mohamed Issa (right), who runs a money trading business and informal bank which he operates out of a shack in the central market, taking bundles of Somali shillings from a customer on Sunday. Since Somalia has no government, there is no centralReuter - 59 words
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455 1993-03-23 14 Bloomberg Business News BOCA RATON, Florida More of the world's largest banks are likely to acquire futures and derivatives trading companies to provide ways to better manage risks, industry analysts said. Last week. Nations Bank, the fourth-largest bank in the United States, paidBloomberg Business News - 455 words
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259 1993-03-23 14 FT FRANKFURT Bayerische Vereinsbank, one of Germany's two large Bavaria-based banks, demonstrated the banking sector's continuing resilience to the country's worsening economic downturn. The bank reported that partial 1992 operating profits excluding the result from own-account trading were up by 24.1 per cent to 1.48FT - 259 words
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168 1993-03-23 14 Reuter LONDON Morgan (.renfell Croup pic said yesterday its pre-tax profit rose to £80.2 million (*****.9 million) for the year to end-December from £53.9 million previously, up 48.8 per cent. The 1991 figure is restated after exceptional items. "All areas of the group performedReuter - 168 words
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280 1993-03-23 14 AFP TOKYO Japanese trading giant Mitsubishi Corp said yesterday it would absorb 28 billion yen (*****.8 million) in investment losses incurred by its domestic financial services subsidiary. The move to absorb the loss comes as part of the restructuring of MCAFP - 280 words
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364 1993-03-23 14 Bloomberg ENERGY REPORT LONDON Energy futures in New York and London were lower, as indications that Opec output is still above quota, cased fears about instability in Russia, traders said. Traders said early reports from tanker tracking services364 words
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Article, Illustration156 1993-03-23 14 THE US dollar opened higher across the board yesterday from overnight levels as the market focused its attention on the Russian unrest. In the USS/SS market, the US dollar was consistently sold from its day's opening and high at 1.6430 by offshore interest and local156 words
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Article, Illustration1599 1993-03-23 14 I ijJf -'itthuil ind> cahiiliUed attains Spire's lop 14 tiAiint i<umur\ Bast- vrai IVXf US$/S$ forward rates Noon Mar 22 s$ Bid Offer 1-month 1.6391 ***** 2-month 1.6372 1.63(7 3-month 1.6354 1 6369 h-month ***** 1.6325 Source: OCBC FOREIGN CURRENCY NOTE RATES As at 10am yesterday: Singapore dollars to one1,599 words
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Article192 1993-03-23 14 AFP LONDON The French franc rose in trading on the European exchanges yesterday, climbing against the German mark after the first round of French general elections showed victory for the rightwing coalition. The franc traded at 3.4070 to the mark from 3.4120 at the close on Friday and 3.4150AFP - 192 words
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Article78 1993-03-23 14 NEW YORK The dollar was mixed yesterday in New York trading where the French franc held its ground despite the crushing defeat of the socialist government in Sunday's elections. At around 10:30 am (1500 GMT), the greenback was trading at 5.5660 French francs against 5.5710. The dollar dropped78 words
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COMMODITIES & FUTURES
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1504 1993-03-23 16 SIMEX REPORT Reuter SINGAPORE Simex Nikkei stock index futures ended near session highs boosted by short-covering after a surge in Nikkei-225 futures in Chicago on Friday. Contracts started firm, eased on mild profit-taking, before climbing steadily to the top of intraday highs in theReuter - 1,504 words
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963 1993-03-23 16 COMMODITIES REPORT Tin THE TIN price made fresh upside headway on the Kuala Lumpur Tin Market (KLTM) with encouraging demand and short covering helping the metal advance 16 sen to MS 14.65 per kg Dealers said market sentiment was also963 words
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Article1744 1993-03-23 16 Rubber RAS Comroo <Mty Cxdiai ISO (fnti rts dosl ng as at 1pm) RSS 1 Contract (S cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest Feb 93 Mar Apr 136 50 136 00 136.25 900 4.975 May 138.30 138.50 138.75 200 10.500 Jun 141.00 140 501,744 words
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REGIONAL STOCK MARKETS
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Article1046 1993-03-23 17 -12.9 KS tell throughout the Jay in weak trade and amid lews of possible political turmoil m Russia. The All Ordinaries Index Nosed 12.9 lower at 1.664.3. Jhe All Industrials fell 26.6 to 2.607.0. but the All Resources >upped just 2.2 to 943.4. buoyed by strong gold stocks. The1,046 words
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Article567 1993-03-23 17 1.88 Shares closed slightly higher, fuelled by speculation that public utility Manila Electric Co (Merjalco) would declare a dividend before month-end. The Manila [Composite Index rose 1.88 points to end at 1.455.60. "There's strong talk of a dividend in Meralco and as the days pass, the chances of it567 words
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Article268 1993-03-23 17 -22.68 Blue chip shares closed 1.4 per cent lower in a market which fell mainly because of lack of interest. The NZSE-40 Capital Index closed 22.68 points lower at 1,567.59. Brokers said buying from Australia had been driving the New Zealand market but it was weak vesterday. Much268 words
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Article391 1993-03-23 17 -10.00 Stock prices are likely to remain mixed this week without clear incentives to provide direction, analysts said. The Composite Index fell 10.00 points to 658.75. Trading was moderate at 27.6 million shares worth 330.3 billion won. The government's 100-day economic plan, unveiled yesterday afternoon, did not boost stock391 words
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Article547 1993-03-23 17 100.70 Stocks closed higher as financial soared, but turnover was moderate as cautious investors were unsure whether big speculative rises in banking shares would last, brokers said. The Weighted Index opened higher and a late wave of buying in Financials pushed it up 100.70 points to close at 4,674.28.547 words
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Article109 1993-03-23 17 +25.44 Stock prices rose on support from financial institutions and expectations that Finance Minister Manmohan Singh will offer to cut corporate taxes. The BSE Index moved up 25.44 points to 2.402.20 and the National Index gained 10.64 to 1.079.50. The Finance Minister visited the Bombay stock exchange yesterday and109 words
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WORLD STOCK MARKETS
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Article789 1993-03-23 17 Britannia Funds sterling Cash Bid Oder Mim Cap Deposit 3*5000 3*5100 Mim Jcnn Cih ****** *0 2019 Mini Ma» Income ****** •***** I SS C ash Income Plut Fund *9 9900 '10 5300 PSS Rnene Fund 5.1900 5 MOO Sterling Kqnit) Euro Performance 0 4710 0 506 s Far Fan789 words
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Article637 1993-03-23 17 -36.2 Shares closed sharply weaker as worry over political turmoil in Russia sparked a buyers's strike and the market was confronted with its worst enemy uncertainty. The FTSE 100 closed 36.2 points or 1.25 per cent lower at 2.863.9 in volume of 524 million shares, the lightest trading volume637 words
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Article141 1993-03-23 17 -1.19 pc Shares extended their losses as the market shifted its focus to instability in Russia from the victory of the opposition Right in the first round of the French elections. All CAC 40 stocks were hit. "The market is worried the army will be hostile towards Yeltsin and141 words
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Article214 1993-03-23 17 -37.41 Deep market uncertainty caused by the political crisis in Russia pushed German blue chips down 2.2 per cent to their lowest closing level in almost a month. Dealers said additional pressure was coming from the futures market, where the June DAX contract was poised just above a key214 words
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Article180 1993-03-23 17 -10.31 Shares slipped from Hat opening levels to stand nearly 0.75 per cent lower in quiet trade in line with most other European markets. They said the market was affected by the dip in other European markets due to worries about political instability in Russia. There was also concern180 words
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Article165 1993-03-23 17 -3.01 Political worries took a heavy toll on share prices and although there was a slight recovery towards the close, the outlook remains gloomy, brokers said. The MIB Index closed 3.01 percent down at 1,064. "1 cannot see any reason for the market to recover short term," said the165 words
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Article310 1993-03-23 17 •3.85 Rising political tensions in Russia proved the impulse for a technical correction of recent strong gains in Dutch shares amid light volumes and dull, largely profession-al-led trade, dealers said. "What we're seeing is a very small, technical correction." said one. He saw the Dutch market stabilising short-term if310 words
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Article222 1993-03-23 17 -12.5 Shares suffered less than other European markets yesterday. Dealers said uncertainty over what was going to happen next in Russia was partially outweighed by favourable fundamentals, such as low interest rates and high investor liquidity. The Broad SPI index was 12.5 lower at 1.327.6 Zurich Mir 22 Fmn222 words
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Article337 1993-03-23 17 -20 Gold shares withstood attempted profit-taking to hold gains at the close as the gold price rallied, dealers said. Industrials, however, failed to spark amid a lack of good news and a firmer financial rand foreign investment unit. Richemont, which propped up a mostly indifferent industrial market last week,337 words
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Article270 1993-03-23 17 -8.92 Stocks moved lower yesterday in early dealings as worries increased about Russian president Boris Yeltsin's shaky hold on power, dealers said. "People are concerned about the global upset caused by this situation with our friend in Russia." one trader said. The TSE 300 fell 8.92 to 3568.07 on270 words
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Article734 1993-03-23 17 -19 The crisis in Russia pushed US blue chips lower yesterday morning and sent investors scurrying to oil, gold and natural resources stocks, traditional havens in times of uncertainty. "People are digging in because they're worried about an unstable world and higher inflation." said Hugh Johnson of First734 words
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Article, Illustration2895 1993-03-23 18 Reuter STOCKS closed modestly lower after a day of sluggish trading with no sign of further developments in the Sino-British row over political reform in Hongkong, brokers said. "Unless Britain and China are shouting at each other, the market's not got much to go on," said a broker. TheReuter; Source: Bridge Info - 2,895 words
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Article, Illustration428 1993-03-23 18 THE Shenzhen domestic share market was active yesterday with the CLSA Shenzhen A Index falling 135.19 points to 2,819.34. The Shenzhen B index was very sluggish, closing 5.14 down to 1,372.11. From yesterday, Shenzhen B Shares was quoted in USJ. The foreign shares will still be settled in HK$,428 words
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Article, Illustration2603 1993-03-23 18 Reuter STOCKS ended higher, with the Nikkei Average at a 1993 closing high. Investor buying in underbought issues outpaced profittaking, brokers said. But traders remained cautious, with an eye on the Russian political crisis facing President Boris Yeltsin. "individual shares are going through a cycle of purchases and sales,Reuter; Source: Bridge Info - 2,603 words
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Article, Illustration1666 1993-03-23 18 Reuter MAJOK hanks and property firms led a downturn across the hoard in the afternoon session, hut brokers said they heard no specific news or rumours that would have depressed sentiment. The SET Index lost 12.77 points to close at 899.23 on turnover of 3.17 billion haht. Declines ledReuter; Source: Bridge Info - 1,666 words
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Article, Illustration2650 1993-03-23 19 Source: Bridge Info Source: Bridge Info Or U 1992/93 Um \ol 1M) I«IQM« Di> IN* >U Net M Cap High Low umpnn> Silt (TOO) linih U« Vlkr S Or S P/t Saiil MALAYSIAN STOCKS 132 104 MSB MX- 124 xd 124 50 08 I.J 620 0 127 2Source: Bridge Info - 2,650 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration4961 1993-03-23 19 Bernama SHARE prices closed lower in quiet trading yesterday as investors resorted to profit-tak-ing ahead of the market holidays for the Hari Raya celebrations beginning on Wednesday for three days. Buying support was provided by institutional bargain hunting. At the close, the Composite Index wasBernama; Source: Bridge Info - 4,961 words
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STOCK EXCHANGE OF SINGAPORE
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Article, Illustration6573 1993-03-23 20 Dexter Lee - By Dexter Lee SINGAPORE Share prices eased across the board yesterday in quiet trading as fund managers stayed on the sidelines ahead of the Hari Raya Puasa holidays, which in Malaysia will stretch over three days from tomorrow. A dealer with a foreign broking houseSource: Bridge Info - 6,573 words
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Article, Illustration70 1993-03-23 20 Paul Leo - Paul Leo Gold taxi's bull-run, from a low of 57 ccnts in October to a high of 5i.43 recently, is over. Sell at 5i.35. A weekly RSI at 100 for the past five weeks indicates a highly overbought situation. A sell-off, likely to last at least a month, willSOURCE: BRIDGE INFO - 70 words
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Page 9 Advertisements
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Advertisement114 1993-03-23 9 I Stroll in the River Garden for lunch a l x n/m fL*' 4-- 4* r. J B tltyoy your firecunu luncbtime at the I)ine by Singapore river in the cheery 8 K River Garden witf> the taMieM Riverside buffet atmosphere ofthe River Garden Terrace. 9 around-A tempting army of114 words
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Advertisement25 1993-03-23 10 You don't need this to go 10 km! i- "i-. Arffaj# 9 'ijfo. M 1 *>V I.^'JUS*? tEJt v j&mf IP r J» y r25 words
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Advertisement75 1993-03-23 10 A BUSINESS INVESTMENT IN TWO HISTORIC ENGLISH HOUSES SET IN THE THAMES VALLEY SIR CHRISTOPIIF.R WREN'S HOUSE THE GREAT HOUSE extensive conference Both Houses are successful hotels and the owners of the controlling company would like to sell a stake in the business to enable restoration and expansion to continue.75 words
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Page 11 Advertisements
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Advertisement283 1993-03-23 11 Looking For Quality Offices? Set Your Sights On Singapore's -Prime Location. Lane Crawford I'lace is situated at Singapore's most sought-after location at the junction of Orchard, Scotts and Paterson Roads, jusl outside the Restricted Zone. Designed by internationally aeelaimed architect, Kisho Kurokawa, the building consists of a sixteen-storey office tower283 words
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Advertisement118 1993-03-23 12 *1 4 required If you've ever wished that you could leave the capital t0 someone pliable and just concentrate on your I required Phone Net, which works like a PABX but is housed in enhancement about equipment failure, maintenance or even a back-up environmental All Phone Net lines enjoy the118 words
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Page 13 Advertisements
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Advertisement122 1993-03-23 13 Thanks for Voting Franco-Asian Travel TRAVEL AGENCY OF THE YEAR J year marks the <% M Tenth Anniversary Franco-Asian Travel, and everything and anything m lk ft we a more service m V fitting achievement than We're forgetting to be voted Travel Agency valued suppliers either, of the Year. for122 words
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Advertisement283 1993-03-23 15 TRUST CITIBANK TO BRING YOU ALL THE REWARDS OF AWARD -WINNING FUNDS. The fact that everyone is looking to make So, you can enjoy all the rewards. more from their investments is no great surprise. In addition, Business Times has ranked Especially today, when interest rates are not Credit Lyonnais283 words
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Page 16 Advertisements
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Advertisement80 1993-03-23 16 GET O w [l O ACCESS TO o O VALUABLE 8 INFORMATION. O O q Key into o "Computermart" o in O in O O The Straits Times O q Classified today. O 0 IeST O 01 1 [o niVINn WILL THE MARKET STEAM AHEAD? UIWIIIU r HHMBIftM r. you80 words
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Advertisement19 1993-03-23 16 As and when the latest Loadoa/Rotterdam prices are not available, the previous trading day's closing figures are carried instead19 words
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Advertisement75 1993-03-23 17 \||y jm* f\f tl TIMELESS PERFECTION •v■ R swiss nwflr scmtrli Turnahle \r> TIMcWjfM ID resistnntsnpph.rerrvstn. tum.noitt A. All stninlpss storl f.isr h Ur Wfr SingiparefHeitf OMlttl A 0 TiMF INTERNATIONAL PTE (.IB TU *****17 FAX *****81 •Mala y s iA 0 TIME SDN BHO Ttl 03 24 1 651875 words
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Page 18 Advertisements
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Advertisement125 1993-03-23 18 Singapore: THE HOUR GLASS Lucky Pla/a Tel. *****20/1 Scotls Tel. *****27/71W Ccnlrepoinl Tel. *****98/603 Peninsula Plaza Tel. *****09/*****63 j y Palais Renaissance To I *****62/543 Raffles Id ******1 Indonesia: THE HOUR GLASS (Licensee) Plaza Indonesia. Jakarta Tel. 21-*****6/*****1 Malaysia: THE HOUR GLASS Lot 10 C entre. Kuala Lumpur Tel. 03-*****20/932125 words
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Page 19 Advertisements
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Advertisement37 1993-03-23 19 fiiH' SI $8 ~~~*.*y --"^•r v ,t*,%•*-* With over 170 million cards honoured at over 10 million establishments, MasterCard puts you easy access to cash at 300^XX)|)aiiybra^||^^^ YOU'VE GOT THE WHOLE WORLD ATMS WOHdwide. IN YOUR HANDS.37 words
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Page 20 Advertisements
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Advertisement54 1993-03-23 20 T'ng-pHOUR GLASS Lucky Plaza Tel. *****20/1 Scorn Tel. *****27/7198 Centrepoint Tel. *****98/603 Peninsula Ptaza Tel. *****09/*****63 Palais Renaissance Tel. *****62/543 Raffles Tel. *****41 Miaok THE HOUR GLASS (Licensee) Plaza Indonesia. Jakarta Tel. 21-*****6/*****1 ftWayste THE HOUR GLASS Lot 10 Centre. Kuala Lumpur Tel. 03-*****20/932 Yow Chuan Ptaza. Kuala Lumpur Tel.54 words
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SPORTS
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Article, Illustration447 1993-03-23 21 Nestle Invitational Golf NYT ORLANDO, Florida Rolling his putts with a virtuoso's touch, Ben Crenshaw overcame a shaky start and encroaching darkness late on Sunday to win the Nestle Invitational. After play was delayed earlier in the day for an hour because of wet conditions, CrenshawNYT - 447 words
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262 1993-03-23 21 AP INDIAN WELLS, California Ka\mond Flo\d. sinking difficult birdie putts carl) on the back nine, shot an K-under-par 64 on Sunday to beat George Archer by fne strokes and win the L *****.000 Gulfstream Aerospace Invitational seniors tournament. Floyd, who started the da> tiedAP - 262 words
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Article, Illustration540 1993-03-23 21 NYT DUN EDI N. Florida Making changcs. one baseball theory goes, is good for a championship team because it keeps the remaining players from becoming complacent. "It depends on the changcs." said Jack Morris, who has been around long enough to know allNYT - 540 words
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SIDE LINES
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98 1993-03-23 21 AFP PHOENIX Experienced American Patty Sheehan stormed home to a five-stroke victory in the women's LPGA event here last Sunday to earn automatic entry into the Hall of Fame. And as her final putt dropped into the hole she breathed a big sigh ofAFP - 98 words
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106 1993-03-23 21 AP ROME Colombian Faustino Asprillo brought it to an end last Sunday, driving an unstoppable free-kick into the net to defeat AC Milan at home and snap the longest undefeated streak in Italian soccer league history at 58. "It has been a fantastic adventure, nowAP - 106 words
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Article, Illustration38 1993-03-23 21 Reuter SAN REMO, Italy Steven Rooks of the Netherlands (centre) lying on the ground after more than 10 racers fell at the finish of the Milan to San Remo cycling race on March 20. ReuterReuter - 38 words
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73 1993-03-23 21 Reuter LONDON England captain Will Carling does not believe he will lead the British Lions on their New Zealand rugby union tour between May and July. "I don't think the selectors will ask me to take charge." he admitted last Sunday. Carling's chances ofReuter - 73 words
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88 1993-03-23 21 Reuter CHRISTCHURCH, New Zealand Australia won a thrilling one-day cricket international by one wicket against New Zealand yesterday. Tail ender Paul Reiffel hit the winning run with three balls to spare to put Australia 2-0 ahead in the five-match series. Resuming yesterday at 51-2. AustraliaReuter - 88 words
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SCORE CARD
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Article, Illustration61 1993-03-23 21 Reuter NEW YORK Results of National Basketball Association games placed on Sunday: New York Knicks 115 San Antonio Spurs 96; Charlotte Hornets 99 Minnesota Timberwolves 95: New Jersey Nets 106 Dallas Mavericks 84: Detroit Pistons 106 Los Angeles Lakers 101: Boston Celtics 106 Portland Trail Blazers 104; Seattle SuperSonicsReuter - 61 words
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Article, Illustration36 1993-03-23 21 Reuter KINGSTON Pakistan won the opening match of their Caribbean tour when they beat Jamaica by 144 runs on Sunday. Scores: Pakistan 319 for 4 declared and 263 for 8 declared. Jamaica 283 and 155.Reuter - 36 words
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Article, Illustration110 1993-03-23 21 AFP AFP ORLANDO, Florida Top scores in the L'SSI million Nestle Invitational Tournament Sunday (L'S unless otherwise stated): 280 Ben Crenshaw 71-70-69-70 282 Rocco Mediate 72-72-70-68; Vijay Singh (Fiji) 70-72-71-69; Davis Love 111 71-69-71-71 284 Ed Humenik 73-69-72-70 285 Mark O'Meara 71-72-72-70; Mark McCumber 72-71-71-71; Bernhard Langcr (Gcr) 71-70-71-73AFP - 110 words
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Article, Illustration254 1993-03-23 21 Reuter NEW YORK Results of National Hockey league games played on Sunday: Winnipeg Jets 4 Calgary Flames 2; Detroit Red Wings 6 Minnesota North Stars 2; Washington Capitals 5 San Jose Sharks 3; New Jersey Devils 3 Philadelphia Flyers 2; Pittsburgh Penguins 6 Edmonton Oilers 4; Chicago BlackhawksReuter - 254 words
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Article, Illustration274 1993-03-23 21 AFP AFP ROME Sunday's Italian results: Atalanta 2 La/io 2: Cagliari 3 Brescia 1; Foggia 1 Ancona 0; Juventus 0 Intcmazionalc 2: AC Milan 0 Parma 1; Pescara 1 Genoa 2; AS Roma 1 Napoli 1: Sampdoria 2 Fiorentina 0: Udinese 1 Torino 0. lable (played, won, drawn, lost,AFP - 274 words
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Article, Illustration221 1993-03-23 21 Reuter ST PETERSBURG, Florida lop 20 money winners in women's tennis this year, according to a list issued by the Women's Tennis Association on Monday: 1. Monica Seles (Yug) $429,138 2. Stem Graf (Gcr) 335.175 3. Arantxa Sanchez Vicario (Spn) 288.986 4. Martina Navratilova (US) 281.250 5. Mary JoeReuter - 221 words
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Advertisement251 1993-03-23 21 IN THE MATTER OF THE COMPANIES ACT, (CHAPTER 50) AND IN THE MATTER OF ARMOR ENTERPRISE (S) PTE. LTD. (Incorporated in the Republic of Singapore) (IN LIQUIDATION) At an Extraordinary General Meeting of members of ARMOR ENTERPRISE (S) PTE. LTD. duly convened and held at 340 C King George's Avenue251 words
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Advertisement876 1993-03-23 21 B IN ESS T^ M s TOLL-FREE TEL. No. 1-800-737 0043 FAX:734 3698 THE COMPANIES ACT CAP. 50 DOSTAPLE ENTERPRISES PTE LTD MEMBERS' VOLUNTARY WINDING UP) At an Extraordinary General Meeting of the Members of DOSTAPLE ENTERPRISES PTE LTD duly convened and held at 585 North Bridge Road #11-07 Blanco876 words
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Advertisement253 1993-03-23 21 UNITED INDUSTRIAL CORPORATION LTD (lnowpo«ed m the Republic of Singapore) LOBT SHARE CERTIFICATE Application his beer made totrie Directors of the abowamed company to issue dupicale share nertilcatem place ol the tallowing sftare oertttcale which na»e been reported lost a destroyed ta.atataraa Cartillcala M* >U— ol >1 00 >tc» *****906253 words
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Advertisement954 1993-03-23 22 Null llllg Beats A Buds fft rcffilfl WHERE TO WINE, DINE AND ENTERTAIN KING OK HKKHS^^ fljsv>! (everyday and j a little Q I on Tuesdays I Be your k'»l mivK'hjviuiir I this fun puh. Drink naughty 1 cocktail, join in (he sessions »r dancc the nit;ht .miv. What's more,954 words
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Advertisement288 1993-03-23 22 Local Tea Time delights at Chatterbox every Saturday and Sunday. 3 pm to 5.30 pm. $14.50+ per person $8.50+ per child (below 10 yrs) Mezwie Sumptuous Continental k Local Afternoon Tea spread at Mezzanine Lounge. Daily. 2pm to 6pm $16.00+ per person $10.00+ per child (below 10 yrs) HI Orchard288 words
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LIFESTYLE
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Article, Illustration384 1993-03-23 23 British Academy of Film and Television Awards Reuter BRITISFI actress Emma Thompson on Sunday won Britain's version of the Oscar, taking the best actress award for her role in Howards End. which was also named best film. The British Academy of Film and Television AwardsReuter - 384 words
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309 1993-03-23 23 CHATTERBOX UPI UPI UPI UPI A FORMER costume designer for The Wonder Years has filed a sexual harassment suit against Fred Savage and Jason Hervey, the teen stars of ABC's nostalgic sitcom. Moniq lie Long, 31, claims the actors verbally and physicallyUPI - 309 words
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368 1993-03-23 23 Nirmal Ghosh - The producers of the New Rocky Horror Show have agreed to comply with ministerial requirements, reports Nirmal Ghosh Nirmal Ghosh IN A QUICK about turn, the promoter of the cult musical New Rocky Horror Show, has agreed to comply with ministerial368 words
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Page 23 Advertisements
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Advertisement45 1993-03-23 23 The Outstanding contends only with the right media and the right company. Appointments Notices gives you great leads. APPOINTMENTS/NOTICES THE STRAJTS TIMES THE SUNDAY TIMES SUSJNESS TIMfS THE NEW PAH* UANHE ZAOftAO L lAN HE WANftAO SHWMIN OAKY NEWS MKT A MARIAN »Birr A MINGCU45 words
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Advertisement190 1993-03-23 23 KifTIB at CHINA-CHINA from 1 -J1 March The King of erustaeeans hold court with an array of exotic and tantalising variation to wet your appetite. For reservations, please call our Restaurant Manager at 322 4224/221 2811 Oar mhmrjHh uvUomt thr fit bin to mioy fm t Jimitif MARINA BAY GOLF190 words
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Page 23 Miscellaneous
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Miscellaneous1215 1993-03-23 23 TV RADIO ■'I'liHIW few.** Hi i I I I, The Jury, 10.30pm, SBCS ljl v I ji' j j I Armand Assante plays Mike l ufe J fit Vml A Hammer in this mo\ic. m| To investigate the murder of \i 4 his ex-army mate. Hammer v > m >1,215 words
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PROPERTY & CONSTRUCTION
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Article, Illustration767 1993-03-23 24 Kevin Wilkinson - Kevin Wilkinson offers some advice to investors thinking of buying property abroad Kevin Wilkinson The writer is managing director of Hill Samuel Merchant Bank Asia Ltd ARE property prices in the recession-hit property markets of the Englishspeaking world bottoming out? Many Singaporeans believe so. And in767 words
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273 1993-03-23 24 DUSIT Thani Co Ltd, a Thai hotel development and management company, has signed a contract with Ocean Marina Co Ltd to manage the soon-to-be-opened San Marino Hotel and Ocean Marina Yacht Club in Pattaya. According to The Nation, the contract273 words
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REGIONAL SKYLINE
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91 1993-03-23 24 MBT KUALA LUMPUR Transactions in the Malaysian property market rose only 3.8 per cent last year to 190,939 valued at M 521.4 billion (5513.5 billion) from 183,996 worth M 518.7 billion in 1991. According to the 1992 Property Market Report by the Malaysian ValuationMBT - 91 words
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79 1993-03-23 24 South China Morning Post HONGKONG Sino Land has reported a one per cent rise in profit to HK5583.98 million (SS 124.4 miUion) from HKSS7B million for the six months ended Dec 31, in spite of slower property sales. Turnover fell 11 per centSouth China Morning Post - 79 words
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67 1993-03-23 24 South China Morning Post HONGKONG Driven by business confidence following the December elections, demand for commercial space in the territory is growing in spite of office vacancies of 17 per cent, according to a research report by Colliers Jardine. The outlook for commercial spaceSouth China Morning Post - 67 words
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Article, Illustration73 1993-03-23 24 South China Morning Post HONGKONG Park Lane Hotels plans to develop an entertainment centre in Shanghai with an area of 150,000 sq ft. It would have karaoke facilities, restaurants, saunas and a nightclub. The seven-storey centre is expected to be completed in 1995. ParkSouth China Morning Post; Source: JLW Research - 73 words
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Article, Illustration1348 1993-03-23 25 Lilian Ang - The company has moved into Asean, Vietnam, Myanmar and China, reports Lilian Ang Lilian Ang STRAITS Steamship Land has come a long way in the four years since it embarked on an expansion drive to widen its property portfolio in the region. The push to invest outside1,348 words
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Article, Illustration404 1993-03-23 25 Sylvia Wong - HK hong eyes transport projects. Sylvia Wong reports Sylvia Wong WHARF HOLDINGS Ltd, one of Hongkong's venerable hongs and a major investor in China, wants to bring in Singaporean businessmen for its Chinese business ventures, chief executive Gonzaga Li said yesterday. Mr Li,Photo by Arthur Lee - 404 words
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Page 24 Advertisements
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Advertisement52 1993-03-23 24 :)ls our contHtotion to road §afei)j f ittnl) toe point out tljat brut her# of our beer mill uciicr brink nub brilic, because after tljrce uobobtj eber remembers? ml)ere tljcl) parkeb tlje ear. ■■HHr 12% alcohol, and available soon in selected bars with nice comfortable floors. X.O. Beer. Take it52 words
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Page 25 Advertisements
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Advertisement30 1993-03-23 25 Discover more about Singapore's favourite fun, food and shopping haven. i wbimT 1 y Check out "Happenings In Holland Village" in The New Paper Fastads on March 26, Friday. BRSExfe30 words
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Advertisement79 1993-03-23 25 Explore the many enchanting faces of CIS, Russia Europe with AEROFLOT Picturesque landscapes, classical architecture, distinctive ethnic cuisines, great entertaining... there's no limit to what you can do. With a convenient international network covering all major cities around the world, Aeroflot offers greater economy and wider choice in travel. us79 words
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Article533 1993-03-23 26 EDITORIAL REVOLUTIONS are tumultous affairs, difficult to follow while they are on, wrote British historian A J P Taylor in his introduction to American journalist John Reed's masterful account of the Russian Revolution of 1917. Between March 12, 1917, when the Tsarist regime was overthrown, to533 words
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WHAT THE OTHERS SAY
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Article227 1993-03-23 26 RUSSIA can hardly afford to slip into political anarchy. Civil war, disintegration and a military backlash are obvious dangers, while the awesome task of creating a post-communist society could end stillborn. Instability in that important country also has implications for regional stability and global security.227 words
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Article236 1993-03-23 26 ARE THE OPPOSITION, especially the SDP, really sincere in fighting for the lower income group? This question arises following the budget debate last week when the issue was brought up by both the SDP and the government. The SDP, on its part, claimed that the236 words
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Article192 1993-03-23 26 NOT ONLY IX) the majority of Singaporeans, especially the younger generation who grew up living a life of plenty, value their rights highly, they also take high service standards for granted. They are used to comparing and complaining about almost everything in the country. Hcnce, it is192 words
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Article197 1993-03-23 26 CONSIDERING the difficulty of his position, and the enmity he has aroused in Beijing and among Hongkong's business elite, Governor Chris Patten retains remarkable personal support among the people of Hongkong. Forty-four per cent of respondents in our latest public opinion survey said they would like to197 words
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Article177 1993-03-23 26 SHAMSUL RAMLI, the 16-year-old stowaway who died was no McGyver, but he managed to penetrate a high-security area. Till this day, there are still no answers as to how he managed to do what he did hitch a ride in the wheelbay of a MAS 747-200177 words
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Article, Illustration1081 1993-03-23 26 Neville Stack - Neville Stack looks at what lies ahead for French politics Neville Stack THE emphatic rejection by French voters of President Francois Mitterrand and all his works has economic implications far beyond the borders of Europe. The right-wing coalition of parties headed by former president GiscardSource: Datastream,FT - 1,081 words
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Page 26 Advertisements
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Advertisement115 1993-03-23 26 iMuch has been written about the proposed new Goods and Services I Tax since the Government's White Paper was published on 9 February I 1993. But few people have yet attempted to tackle the I THE I any 90% of GST is very easy. The remaining I |l I H115 words
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Page 26 Miscellaneous
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Miscellaneous57 1993-03-23 26 pos/ »S M/ MPvSN'T P* GOOD NIGwTTS Scene :ft doctors e £b£S!?S&. SoJGE. We. GO-AHGPD RDRTME. reom Wreg-ffeggy auilO^G..... 111 C AMOOATtO KWMUM LTD, 1M»H» DOONESBURY GARRY TRUDEAU 50 THIS IS riL Be HANDLING 7HB I £4T7 IHZBKOUXie VALIBY.ANPYOUIiaV- \i <***** J£Lm£ gpT PVTHOmON *f- SRMAUBUANPSANTA \l/ IBUPH ZtSMUS ROUTE?57 words
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ANALYSIS
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Article, Illustration1361 1993-03-23 27 Chuang Peck Ming - Chuang Peck Ming speaks to Wing Tai MD Cheng Wai Keung for an insight into the listed company's plans for the future Chuang Peck Ming CHENG Wai Keung, managing director of listed Wing Tai Holdings, has three things in mind when he talks about the1,361 words
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970 1993-03-23 27 Tom Redburn - One camp favours greater confrontation, while another prefers further cooperation. Tom Kedburn reports on the White House's struggle to formulate a clear trade policy Tom Redburn IHT THE US government, by suddenly retreating at the end of last week from potential tradeIHT - 970 words
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503 1993-03-23 27 Yeom Yoon Jeong - South Korean industry is tapping the expertise of Russian scientists, reports Yeom Yoon Jeong Yeom Yoon Jeong Reuter SOUTH Korean hcadhunters are combing the former Soviet Union for highly-qualified but cashstrapped scientists. They hope the scientists' know-how will propel South Korean products toReuter - 503 words
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Page 27 Advertisements
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Advertisement148 1993-03-23 27 Ready for immediate development Approved for industrial development, other usage can be considered I-and parcel si/e ranges from 8,027 sq meters to 110,374 sq meters Situated at vicinity of Huang Jiang/Zhang Mu Tou town within the city of Dong Wan in the province of Guangzhou, China, along Wan Hui highway148 words
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446 1993-03-23 28 Chuang Peck Ming - Leaders need to be imaginative in fast-changing world By Chuang Peck Ming SINGAPORE Japanese leaders must be more imaginative and creative in reshaping their country's role in a fast changing world, Singapore's Foreign Minister Wong Kan Seng said yesterday.446 words
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419 1993-03-23 28 Reuter ROME Italian Prime Minister Giuliano Amato yesterday began another week of political survival expecting to ride out the weekend resignation of yet another minister from his scan-dal-tainted administration. Agriculture Minister Gianni Fontana, 48, became the fifth member of the Cabinet toReuter - 419 words
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364 1993-03-23 28 AP BEiIJING China's leaders have issued an urgent circular ordering officials to immediately ease the financial burden of farmers or risk instability, an official report said yesterday. Although peasants were among the first to benefit from senior leader Deng Xiaoping's market-oriented economicAP - 364 words
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Article, Illustration51 1993-03-23 28 Reuter JERUSALEM A young Palestinian boy getting his slingshot ready at a roadblock near the entrance to the Shuafat refugee camp on Saturday. I he boy was preparing to clash with Israeli police on the 40-day annitersar) of the killing of a camp resident by police gunfire.Reuter - 51 words
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315 1993-03-23 28 AFP. Reuter WASHINGTON Israeli Prime Minister Yitzhak Rabin said on Sunday that he is determined to eontinue the Middle bast peace negotiations and is ready to take risks and make concessions to reach an agreement. "We are determined to continue withAFP.; Reuter - 315 words
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Article, Illustration733 1993-03-23 28 HARISH MEHTA; HARISH MEHTA - The Bottom Line HARISH MEHTA HARISH MEHTA The writer is a BT eorresfxmdent THH enemies of the state stalk boldly, from the boulevards of Bombay to the crowded crossroads of Calcutta. Terrorists have bombed targets in both cities. And the733 words
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326 1993-03-23 28 Reuter NEW DELHI India and Pakistan were close to war in mid-1990 but there was no threat of a nuclear confrontation. Former senior Indian government official Prem Shankar Jha said yesterday that the first intelligence that Pakistan was capable ofReuter - 326 words
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Page 28 Advertisements
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Advertisement79 1993-03-23 28 f Singapore's most popular NitsukoM Telephone System AW^* smf' ?^ps 1! #?v #r iSH ;W ffl tf. fW* J» SiMjAfOH MHOl)lCftiM«l«k*flMlM mmc •IwlM limy 1.-4 *141 .'«n mit iviomilj m i/< I 11n IH HmW Wurid it Mir < inti» W I7MV •CiMayilapMi IdaliNMNHp) M MMMV*tK IwAMHI i»i MOMM MAIAVM479 words
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Advertisement85 1993-03-23 28 SINGAPORE com GZ Distributor of the most sought after Key Telephone System Tel: 278 7088 J FOR SALE BY TENDER HOTEL DEVELOPMENT SITE cjvnau. HOTEL Ua ■w- I /h 11 adjoining shopbouses with floor areas ranging from about 200 sq mto 290 sq m each Total Site Area: 1,118 sq85 words
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Shipping Times
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521 1993-03-23 29 Juliette Walker - By Juliette Walker SINGAPORE Shipping lines plying the Far East-Eu-rope service are manoeuvering to prop up rates on the stormy eastbound and calmer westbound trades. Following meetings in Paris last week, members of the Far East Freight Conference, including national521 words
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Article, Illustration64 1993-03-23 29 Reuter ROTTERDAM Firemen inspecting the damage on board of the Japanese oil/chemical tanker Shiokaze in the port of Rotterdam on Sunday. The Shiokaze was towed to Rotterdam after an explosion last Friday. Experts said that no environmental damage was caused to the North SeaReuter - 64 words
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370 1993-03-23 29 BANGKOK Unithai Line Co Ltd, a subsidiary of United Thai Shipping Corp. plans to apply for listing on the Securities Exchange of Thailand this month to mobilise funds for its major shipping related project. The Nation reported last week. Director Sutham Chitranukroh was370 words
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828 1993-03-23 29 Page Col ABC Containcrline 12 1 Accord Group 8 1-3 •APL 5 3-5 Alpha Feeders 6 1 •ANL 3 1/2 •Arrow Trans 19 2 •ASCL 5 5 Avant Shpg 6 4/5 Avia Airways 14 4 •Bait Orient Line 7 4/5 Bangladesh Shpg 18828 words
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240 1993-03-23 29 South China Morning Post HONGKONG The Hongkong port's land area must increase by 1,200 hectares by 2006, says the Port Development Board. In the PDB 1992 annual report, secretary Tony Clark says that to create this land 250 million tonnes ofSouth China Morning Post - 240 words
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330 1993-03-23 29 Dexter Lee - By Dexter Lee SINGAPORE The winds of change have started blowing in the shipping lines' favour at least for those plying the Pacific Ocean. Members of the Trans-Pa-cific Stabilisation Agreement, including Neptune Orient Lines, will soon charge US$2OO (*****) more per 40ft container.330 words
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281 1993-03-23 29 Bernama PORT KLANG The South Channel, closed since January to facilitate removal of the World War II wreck Ml Kudat. will reopen only during the day from today. Klang Port Authority (KPA) assistant general manager Captain Abdul Kahim Abdul Aziz said yesterday, ships and boatsBernama - 281 words
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Article, Illustration1007 1993-03-23 30 New box builders in Asia expanded too fast in the boom era, say major lessors. And buyers are gambling on when they should jump back in Lloyd's List Maritime Asia J URING the final I quarter of last year, I the containerLloyd's List Maritime Asia - 1,007 words
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SHIPS IN PORT
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Article537 1993-03-23 30 i 'Vessel Voy No Berth Arrtval Departure Vessel Voy No Berth Arrival Departure i Juroog Port llmamui 11/93 P07 alongside 22.03/1500 Akadem* Jangel 01/93 Jll alongside 23.03/2359 Inmawa 07/93 P07 alongside 22.03/1700 Fortune Ceka 01/93 J8 alongside 2303/2300 Kota Pusaka PUS09W P01 alongside 25.03/1100 Koindo 03/05/93 J1537 words
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Article1282 1993-03-23 30 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO DELIVERY OF FCL IMPORT CONTAINERS IN PROGRESS Sip Vo1 Wo Containers inhlMi Ship Voy No Contaners available Chaya Own 28N COD(EST) *****3 0700 Vigour Spore 49ANB COO(EST) 23.0393 0700 Chekhov 2 COO(EST) 22.03.93 1500 Manna Mas 9358NB COO(EST) 23 03.931,282 words
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Article11543 1993-03-23 38 This is a list of ships loading at Singapore for ports around the world. It tabulates, by destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. LEGEND PN: ship calls at Pcnang after11,543 words
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Article3390 1993-03-23 43 A A *.B< C ontainerline N>: Belsin Shpg Agencies Pte Lid (SVMarinc Handling Sdn Bhd (Pk/PN). Accord Group: Accord Shpg Pte Ltd (SVAccord Contr Line (Pk/PN) Adkris Business orporation Philippine Calsource Shpg Trdg Pte Ltd (S) Ahrenkiel Liner Service: Kim Shpg Trdg (S). Albatros Sea-Air Sen ice: I3,390 words
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Article270 1993-03-23 43 Abucwi Couriers Tel: 545-8011. Fax: 545-1898. Air Express Iraxd Td: 533-5771. Fax: 535-6144 Airborne Freight Corporation Tel: 542-8844 Fax: 542-3716 *****80. Airswift Worldwide Courier Tel: 278-0188. Fax: 273-8283. AJS Supplies Tel: 748-6322 (2 lines). 747-7421. Fax: 742-8975. Cits-Link International Td: 344-3377. Fax: 345-6450 Cluster Link Supplies Sen ices270 words
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Article1517 1993-03-23 43 Vbex Express Freight Td: 542-7171 Fax: *****84. Actinic Forwarder Td: 225-1833. Fax: *****42. Actixair Singapore Td: 542-7821 Fax: *****20. Aerolink Freight International Td: 545-8033. Fax: *****05 Aerospeed Td: 542-5911. Fax: *****18. Air Cargo No»o Express Td: 542-5454 Fax: *****06 Air Express International Td: 542-7666 Fax: *****74. *****50. Air1,517 words
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Article2924 1993-03-23 44 '•ALBANIA Durres: Four vessels in port of which -2 discharging general cargo, 1 Hour, I passenger v essel. ANGOLA Luanda: City quiet, port working normally; berthing delays: general cargo vessels: 1-2 days; no delays for containers. Lobito: Situation quiet, working normally. Namibe: Town and port reportedly working normally.2,924 words
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Article781 1993-03-23 44 SHIP SALES TANKER RATES AFP »pREEK buyers continue to 'dominate the tanker market with Chernamaris purchasing on a Jubs basis the coated product 'lanker Beron Metle 58,000 dwt |fcnd built 1977 Kaldnes at JJSS7.S million and Tsakos are >rumoured to be closely working Jwo Russian controlled product [tankers Mikhael Kharchen-AFP - 781 words
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Article556 1993-03-23 44 ARRIVALS DEPARTURES Op Flight T>pe ETA T From Op Flight hpr FID I lo TODAY TODAY NCA KZ203 B747F 0145 I NRT SIX SQ802 B747F 0230 2 SYD/AKL KAL KE697 B747F 0150 I SEL NCA KZ204 B747F 0335 1 BKK/NRT JAL JL6I7 B747F 0345 I TYO KAL556 words
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Article233 1993-03-23 44 CRUISE FERRY SCHEDULES CRUISE SHIPS Ait Dep Name of Vessel ETTA ETD Ports of Calls Port Agent Telephone No MARCH 25 25 Fantasy World 1000 1900 Sin-Jakarta Lauw Sons Travel 227-4284 25 26 Regent Spirit 2100 1800 Weekend Cruise Regency Cruises 271-2911 28 28 Regent Spint 1000 1800 Sin-Penang/KL Regency233 words
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Article777 1993-03-23 45 IHE PAN AM AX market continued its firmer trend amid tight supply in the Pacific and anticipations the US will take steps to resume grain sales to Russia once exporters and banks work out arrangements, brokers said. This has stimulated perceptions the US is moving closer towards shipping777 words
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Article1116 1993-03-23 45 COURSES Title: Workshop on Contrast and Differences Between Hague-Vis-by Rules and Hamburg Rules (5 sessions) Duration: March 27 Organiser FACS World Pte Ltd Tel: 293-4571 or fax: 292-2875. Title: PSA/SFFA Dangerous Goods Course (SDF 70%). Duration: March 31 Apr 30 (8 evenings) Organiser: Singapore Freight Forwarders Association Tel:1,116 words
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AIR AND LAND TRANSPORT NEWS
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Article, Illustration484 1993-03-23 48 Reuter LONDON Richard Branson's Virgin Atlantic Airways has raised the stakes in its "dirty tricks" dispute with British Airways, saying talks have failed and it is time for legal action. "There's no room for further negotiation between the two parties," VirginReuter - 484 words
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Article, Illustration484 1993-03-23 48 Pierre Jeanniot - By Pierre Jeanniot The writer is lata's director-general. The article first appeared in the Feb/March issue 0/Review. MONTREAL The combination of liberalisation, overly ambitious expansion and a deep and long recession has led to commercial chaos and the destruction of several established484 words
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439 1993-03-23 48 Bloomberg Business News PRAGUE The Czech Republic national airline (CSA) is blocking British Airways' air cargo shipments by maintaining a monopoly on cargo operations at the Prague Ruzyne Airport, an official at British Air's Czech handling companysaid last Friday. British Airways declined to commentBloomberg Business News - 439 words
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464 1993-03-23 48 NYT WASHINGTON Seeking to reverse the plight of the nation's airlines, which have lost US$lO billion (5516.4 billion) in the last three years, the Clinton administration is poised to play a far more activist role than its market-oriented Republican predecessor. Proposals fromNYT - 464 words
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LOG BOOK
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Article69 1993-03-23 48 AFP JAKARTA The Indonesian flag earner Garuda is to open a new route next week between Jakarta and Madrid via Singapore and Abu Dhabi, press reports said here yesterday. The airline will start the first flight on Sunday using the 392-seater Boeing 747-200. the Hisnis IndonesiaAFP - 69 words
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71 1993-03-23 48 SINGAPORE Air Mauritius has ordered three A 340-300 aircraft worth an estimated USSSOO million (SSB2O million) from European consortium Airbus Industrie as part of its fleet renewal plan. The carrier will start operating the new aircraft in April next year. Airbus said that Air Mauritius71 words
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Article, Illustration54 1993-03-23 48 Reuter KENNEDY SPACE CENTRE. Florida The space shuttle Columbia standing poised for launch on pad 39A at the Kennedy Space Centre on Sunday. A Nasa photographer is preparing cameras for the lift-off. Launch was scheduled for yesterday for the German Spacclab mission. STS-55. withReuter - 54 words
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124 1993-03-23 48 Reuter HAMBURG. Germany Volkswagen AG would have reported a loss for its 1992 year instead of a profit of 147 million marks (S$ 147 million) if its balance sheet were adjusted to reveal hidden losses, news magazine Der Spiegel reported. Spiegel said three VWReuter - 124 words
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Article1688 1993-03-23 48 at, Flight ETA Fife* CTD Aba Dhabi GA893 1500 GA982 0210 GA974 2225 GA886 2305 Meiahtt QF81 1935 QF82 2050 Amman RJ182 2200 Amsterdam GA893 1500 GA974 2225 KL837 1545 SQ338 2300 SQ323 1815 KL838 2350 Athens SQ348 2300 Auckland NZ35 1425 SQ288 2045 SQ286 20451,688 words
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Page 29 Advertisements
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Advertisement7 1993-03-23 29 REGIONAL ANALYSIS Every Wednesday in Business Times7 words
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Advertisement26 1993-03-23 29 Lines and services represented by Members of the Registry ol Accredited Shipping Agents, Singapore UJKgMt National Shipping Association For advertising enquiries, contact Shipping Times: Tel 740-2089/740-209026 words
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Advertisement60 1993-03-23 29 International Freight Forwarder EUROPE LCL 8c FCL Services M+R FORWARDING PTE LTD Asian box builders hit by glut, Pg 2 Virgin gets set for legal action against British Airways, Back Pg '&&1 7 for r pii nie7^^ r>.—:; §>*§g3S: T**33E *> ho ;se' ly^.^ Sr '•♦H LOOKING DEEPER A probe60 words
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Page 30 Advertisements
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Advertisement8 1993-03-23 30 London Freights, Page 17 Weather Map, Page 178 words
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Page 31 Advertisements
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Advertisement2847 1993-03-23 31 M OOCL (S) PTE LTD JAROINE SHIPPING AGENCIES a|i| t BOOKINGS TEL: *****34 *****58/ *****40 \kWWgW CFS (PSA F5) TEL: *****21/ *****79 ■■nn« jardine shipping agencies son. bho. rCwafln PETALING JAYA TEL: 03-*****76 FAX: 03-*****42 V>V# J ,-N A PENANG TEL: *****4 FAX: *****1 CFS TEL *****6 Dedicated to Quality2,847 words
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Advertisement1786 1993-03-23 31 For advertising enquiries, contact Shipping Times: Tel 740-2089/740-2090 fmuAscH J UNITED ARAB SHIPPING CO.fSAWj fj M To US East Coast M"h■■WCl H I 1 I If I W saw WW 25/ M M/M M/M 27 M 25/94 ftlMflMlM 11 0* 14/85 15/85 17/85 15/S4 smii nu mm* 2i n n1,786 words
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Advertisement1334 1993-03-23 31 QUICK TRANSIT TIMES, COMPETITIVE RATES CALL NOW FOR YOUR MEDITERRANEAN BOOKINGS Venal Voy ETA ETO feeder by Sea Lark/tows DESTINATIONS Ttw «M MAREN MAERSK V 9304 MWWWiHgHMPBMWWW cv w/03 imm hrs mm CFS 30/03 0300 MRS JOH LPK PEN OAK LGB HOU MEM ATI MIA CHS BAL PML NYC TOR1,334 words
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Page 32 Advertisements
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Advertisement1459 1993-03-23 32 AQABA ROAM/ LI MPfn VOY NO S PORE JEDDAH (via JED) S TON M BURQ ANT HAVRE HmSUHI MONTE ROSA 23/111 24/3 10/4 13/4 11/4 1. ALL NBIBOUMD KATSURAGI 14/311 27/3 6/4 12/4 14/4 17/4 19/4 21/4 Pdl HI WW > fPWWC ELBE 15/112 31/3 17/4 20/4 18/4 CARGO TO1,459 words
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Advertisement553 1993-03-23 32 FCL Breakbulk Service to: AFGHANISTAN M&M Afghanistan Ltd., Sole Foreign Forwarder in Kabul for ail services C.1.5.-Vostochny, Vladivostok, Moscow, Tashkent, Kiew, Minsk, Riga, Baku North Korea Vietnam t Mongolia Hungary CSFR Poland ociwans AGENCIES (FAR EAST) LTD NOUAKCHOTT-BAN JUL-BISSAU-LUANDA-BATA Feeder Vessel KTA SIN VILLE DE VEGA 28/03 A. ABRAHAM 04/04553 words
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Advertisement1482 1993-03-23 32 I mvoiAsia mxwm 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 SINGA 9305-3 07/041,482 words
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Page 33 Advertisements
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Advertisement1961 1993-03-23 33 STRAITS SHIPPING PTE LTD 10 Ho{ Chiang Road #11*01 Keppel Towers Singapore 0208 Td: *****88 Fax: 22M117 mA NM QUIMA MCVK uni^ O* CHINA NAVIGATION CO) CARGO DUE SAS.S EMBT^ RAJAH BROOKE VOtt Muara. Lib 22 23 Mar 24 Mar 2S Ma. USSS KRIS MERtn VOSE KK. Shan. Taw *****1,961 words
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Advertisement2434 1993-03-23 33 t SINGAPORE AGENT: PXtI 1 I PAO Containers (Singapore Agencies) Pte Ltd X VJVrlllCtlllVl 9 Hoe Chiang Road #07-01 KEPPEL TOWERS. SINGAPORE 0206 iflvA Tel: 225 2233 Telex: RS ***** PNOCSP Fax: 225 5327/222 7517 CR Number: **********0Z 1 EXPORT IMPORT VESSEL VO* •PWC 'PRO SM ALQ SOU ANT HOT2,434 words
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Page 34 Advertisements
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Advertisement743 1993-03-23 34 I »TOEUROPfe Tg p Ina nor [iiw khmml wmc wqm| miiiw I miMMI ~34W8 I n 30/4 30/ i ~4/6 t/6 10/6 EAST COAST PORTS «E WY PKL STOtt SYD IttLß |BWS IfHE Mm HMO lAYAAAATA 75S 23/3 24/1 15/4 11/4 21/4 OCTAWA 02S 2«/3 30/3 11/4 22/4 MOO AUSTRALIA743 words
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Advertisement1946 1993-03-23 34 (2) HANJIN SHIPPING FDR «l Sfi LN MAUL SEA POI fDR VSL SJN IIM HAUL SA* KM NYC HANJIN HAWURG 0131 28/3 DKCI 22/4 24/4 HANJtI HAMBURG 0131 ?8/3 M PUNTY 0271* 6/5 7/5 »/S HANJIN SMGAPORE 009E 4/4 DMECT 29/4 1/5 HAfUN KWANGYANG 100E 5/4 H LONG BEACH 042E#1,946 words
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Advertisement1548 1993-03-23 34 M.tM AU d■ IH ■Id d 3 I PKL SGP KSG MG KLG PUS HKI OSK NGY SOU TYO LAI CHS BAI NYC LHV Aft* ROM TW «G PSO CM PU S9 I f GENTRY H 044 2J/J «,'J 21/1 11/3 2/4 5/4 0/4 0/4 1/4 11/4 11/4 23/4 4/51,548 words
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Page 35 Advertisements
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Advertisement1403 1993-03-23 35 I, SCX: '0. FAME' 12N ETA SGP 31/03/9^^^^^B jt( s> II ARRIVING LOS ANGELES 18/04/93 IN 17 DAYS CSS Jll AEX: 'NEPTUNE CORAL' 08E ETA SGP 31/03/93 J: II ARRIVING NEW YORK 23/04/93 IN 22 DAYS I y II *R3 SCX: Connscting N. Diamond Voy 12E in HKG 28/03/93 "R41,403 words
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Advertisement398 1993-03-23 35 ©HEUNG-A SHIPPING I Korean Flag Vessels FULLY CONTAINERISED SERVICE TO: HONGKONG, BUSAN, INCHON, MOJI STRAITS/KOREA SERVICE mi S» M *G l» K KOI mo t DONMt 303* 2C/03 29/03 07, M 12/04 14/04 CHOTDMG SUN «312 21/03 29/0) 02/04 05/04 Ot 04 07/04 OLDENDdtf F 313N 31/03 01/04 OC/04 10/04398 words
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Advertisement156 1993-03-23 35 CENTENARY SHIPPING SERVICE WEEKLY FULL CONTAINER DIRECT SERVICE SINGAPORE/HO CHI MINH CITY Nov provklng Container Trucking toVungtau, from Ho Chi Mtnh Qty VESSELS NAME VOY. NBR ETA/D SPORE ETA/P HCM CITY TAN AM AIR 81N/S IN PORT 26 26 MAR 93 TAN AH AIR 82N/S 30 30 MAR 02 02156 words
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Advertisement1230 1993-03-23 35 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 EASTBOUND-DtSCHAHONC WESTBOUND—LOKMNG TRAHSHWEP VIA1,230 words
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Advertisement1445 1993-03-23 36 K 44 V 3F" AS AGENTS: KAWASAKI SINGAPORE (PTE) LTD (CR No: **********0 M) mm mm v mm m TEL *****77 TELEX: KAWAKIRS23I6S FAX: *****07/8/9 I Id MALAYSIA: *K" UNE MARITIME (MALAYSIA) SON BHD JL JLrf/ 111 MmJ TEI SA *****00 PK *****75 PEN *****0 JB *****1 PGU *****5/6 KAWASAKI1,445 words
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Advertisement1139 1993-03-23 36 PHIU-OttKNT LINfS PT( LTD 108 Robinson Road #07-00 GM<il Building Singapore 0106 1 Tel: *****22/*****69/*****00 Telex: RS ***** Fax: *****76/*****38 \J A MEMBER 0F THE SINGAPORE FREIGHT FORWARDERS ASSOCIATION AUSTRALIA/NEW ZEALAND/SOUTH PACIFIC FCL/LCL SERVICE 28 MAR SYDNEY. MELBOURNE. BRISBANE. FREMANTLE 4 APR AUCKLAND. WELLINGTON. LYTTLETON, NEW PLYMOUTH. NAPIER. CHRISTCHURCH 281,139 words
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Advertisement915 1993-03-23 37 PACIFIC INTERNATIONAL LINES (PTE) LTD I 140 Cecil Street. #03-00 PIL Building. Singapore 0106. I SSSSSSSK MmM CR NO **********0E I VESSEL VOY SIN HKG SIN CMS JIB HOO JED AQJ KOTA SINGA SGAO23 27/3 7/4 9/4 14/4 KOTA WIRAWAN WRNO23 3/4 7/4 11/4 17/4 20/4 22/4 ALSO ACCEPTING LCL915 words
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Advertisement1256 1993-03-23 37 M tTI H I M ii i M f L" B K TRANSPORTATION M MYANMA pBBk FIVE STAR LINE (Myanmar National Line) WEEKLY LCL SERVICE Loadin S for Yangon (Rangoon) Spore P.Kt( Pen PGdg >■ a m ha a m h ■m h p&K aa b a%« MYOMAYWA VI47W 25/271,256 words
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Advertisement630 1993-03-23 37 *1 1* SHIPPING I TEL: *****88 FAX: *****00 DIRECT REGULAR SERVICE J JAKARTA SURABAYA J ACCEPT CARGOES TO ALL OTHER INDONESIAN PORTS WITH TRANSHIPMENT AT JAKARTA OR SURABAYA DESTINATION ETA ETO VSI JAKARTA 23/3 24/3 P. JAWA 3/4 4/4 P. SUMATER* 1 X S/4 9/4 P. KALIMANTAN 13/4 14/4 P.630 words
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Advertisement2878 1993-03-23 40 Container Liner Services Malaysia 's Agents: Indonesia 's Agents: General Agents: Booking Agents; Guan Guan Shipping Sdn Bhd Chung Chiao Shipping Sdn Bhd P.T. Global Rutra Indonesia Maritime Costar Shipping Ptt Ltd Skippmg Freight Booking Centre Sdn BM 58 Persiaran Rata tooda Musa Lot 3.34. 3rd Floor. Jl IR H2,878 words
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Advertisement627 1993-03-23 41 <& FAMOUS CONTAINER LINES —10 ANSON RD. #15-21 INTERNATIONAL PLAZA, S PORE 0207 HOT LINE: *****33 (24 LINES) LIMASSOL/PIREAUS 28/3 ROTTERDAM 28/3 HAIFA/ASHDOD/ALEXANDRIA 28/3 HAMBURG/BREMEN 28/3 MARSEILLE/FRANCE 28/3 FELIXSTOWE/UK 28/3 BARCELONA/SPAIN 28/3 LEHAVRE/ANTWERP 28/3 GENOA/ITALY 28/3 GOTHENBURG/SCANDINAVIA 28/3 LOS ANGELES/WC/IPI 26/3 SYDNEY/MELBOURNE 24/3 NEW YORK/EC 26/3 FREMANTLE/ADELAIDE 25/3 VANCOUVER 24/3627 words
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Advertisement759 1993-03-23 41 RICHFIELD MARINE AGENCIES (S) PTE LTD TEL: *****33 (12 Line*) u-t FAX: *****15/*****03 00J TELEX: RS ***** RISHIP (3 Lines) ETHIOPIAN SHIPPING LINES (National Lines ot Ethiopia) ACCEPTING FCL AND CONVENTIONAL VESSEL Ivor eta loading for SPORE ANCHNET 30WB 1S 04 DARESSAOAM MOMBASA DJIBOUTI ASSAB MASSAMA ABVOT 32W8 20/06 DARESSALAAM759 words
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Advertisement696 1993-03-23 41 JAKARTA BANGKOK w«a ww I «t [vena I voy swsapow bahbiok VW» B**A* l«K 24/3 27/3 PIYA BHUM 276N Tut |In PI Fri 26/3 MIA BHUM 70S 26/3 30/3 6. KOfINTStV* 19N Wed 24/3 S<t 27/3 (HANA BHUM 2* H73 MAHA BHUM 150N Wed 24 3 M 2«/3 dumu Tiii696 words
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Advertisement359 1993-03-23 41 iker-uhe BAY OF BENGAL SERVICES OESStL VOT SW MM TIGOI MO* 59K 25-25/03 3141/04 C7-M/M TIGER MBGf 24* 29 30/03 04 06 04 12 13/04 TIGU STU 60N 31-01/04 0740/04 14-14/04 cm Bomwsn ram 05-00/04 11-13/04 it-it/H Tttß MKI 164CW 20-29/03 0440/04 14-15/04 1 LHOTSE 430 29 30/03 05-09/04 15-10/04359 words
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Advertisement1641 1993-03-23 42 IkAfIMN CONTAINER LINES U\s/v=JAgents: 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. *****22 A GLOBEUNK FORWARDERS PTE LTD mnm *****331,641 words
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Advertisement1028 1993-03-23 42 THONG SOON UNES PTE. LTD. 77 ROBINSON ROW) #15-00, #16-00 SIA BUILDING SINGAPORE 0106 TEL: *****88 FAX NO: *****11, *****22 TLX: RS ***** CARRIER. RS ***** JENHOL CABLE: TOSOCO CONVENTIONAL/CONTAINER BOOKING LINE: *****66 SINGAPORE TO SARAWAK VESSEL VOY SPORE ICST VESSEL VOY SPOtE PEST EQUATOR 111 83/3E 25 MAR KUCHING1,028 words
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Advertisement49 1993-03-23 44 ISudi a marH; lor c hwo> jc4*v e\ fa day! J ANY JOB. ANY CAREER. t /C( Available Any Day. Anytime. Anywhere. f tMf v*mn IIK»* rn« «lINEMT i.Mfi r»M*» L/ It Mr Nrw r»w» iuwmc iao**o iunmc J- Min 0«h N»<W Or MITA Rrairt MiNCCU <«m» Ptm ffnAflwri49 words
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Advertisement17 1993-03-23 45 'l 1.l 1111 l w—i I I k» j k [I I I H VJIIL'IILnILM.'jBL F APPOINTMENTS/NOTICES17 words
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Page 45 Miscellaneous
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Miscellaneous854 1993-03-23 45 TODAY'S TIDES (height in metres) HOW 0000 0100 0200 0300 0400 0500 0600 0700 OSOO 0900 1000 1100 1200 1300 1400 1500 1600 1700 1800 1900 2000 2100 2200 2300 ft 26 2.5 2.0 1.4 1.0 0.7 0.7 0.1 1.1 1.7 2.4 2.7 2.1 2.6 2.1 1.5 1.0 0.7 0.5854 words
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Advertisement679 1993-03-23 46 cosco] I UKC 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 15/04 20/04 Huangpu/Guangzhou COSCO FULL CONTAINER SERVICES (FCL/FCL) EXPORT TO: CHINA/BANGKOK/HONGKONG EUROPE/CONTINENTAL WEST MEDITERRANEAN AUSTRALIA US WEST COAST PERSIAN GULF/KARACHI Please679 words
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Advertisement585 1993-03-23 46 J fBBHBb EES FREIGHT SERVICES PTE LTD M #01-60 Wallich Building, tmM Wallich Street, Singapore 0207 Tel: *****66 (10 Lines) Fax: *****69/*****44 IMPORTING FROM USA/CANADA??? WE PROVIDE DOOR-TO-DOOR SERVICE i i i O.K. LINE CAHAYA SAMUDERA SHIPPING (PTE) LTD FULL CONTAINER SERVICE SPORE JAKARTA/SEMARANG/SURABAYA/P. KELANG/PENANG VESSEL VOV SM «T SRG585 words
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Advertisement520 1993-03-23 46 WORLDGATE EXPRESS LINES PTE LTD Tel: *****11 Fax: *****73 Telex: ***** WGATE NEXT VESSEL CONSOLIDATION TO BOM/KAR 29/3 JAKARTA 28/3 COLOMBO 29/3 PORT LOUIS 26/3 KEELUNG —30/3 HONG/KONG —29/3 KAO/BKK —27/3 CALCUTTA/MADRAS —25/3 NATIONAL EXPRESS J FORWARDERS (S) PTE LTD 133 NEW BRIDGE ROAD #14-02 CHINATOWN POINT SINGAPORE 0105 TEL:520 words
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Advertisement837 1993-03-23 47 /HYUNDAI MERCHANT MARINE CO. LTD. WESTBOUND TO EUROPE VESSELS VOY PNA I PKE PGP I VESSELS VOY I SIN I RTM AWT* LEH* HAM BREt PEL HMM ADVANCE 08A 09/03 10/03 12/03 H. CHALLENGER 303# 14/03 02/04 02/04 03/04 04/04 04/04 06/04 HMM ADVANCE 09A 16/03 17/03 19/03 OOCL CHARISMA837 words
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Advertisement515 1993-03-23 47 STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS INBOUND VESSELS rtssu wi n kmc u COSMIC TIAMI }< SID 24/3 NAN SKWIOn 11 Mr 24/) Sim AAEISM n m PT 2S 3 PW 27 3 MMtf SKY PT RMITAI SID HA SID COSMIC HASTU 1* 21/1 30 3 TURK515 words
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Advertisement1095 1993-03-23 47 n—. r—OUR USA p I*---h ,ff, lu 1°" PI"|S P I"" I"" SERVICE CALLS wmi utMw ?i t) tmttiOß tttmct iuw »n u no*mmkmkm mm km ism km SINGAPORE BM) RM HMWI MM tllKtlOß WCIORT lIWI 31 M-» 11 U04«M?1 M ?l M II M 22/ M 11/« DIRECT EVERY1,095 words
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Advertisement8 1993-03-23 48 Tomorrow in Business Times Tomorrow in Business Times8 words
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Advertisement52 1993-03-23 48 Tomorrow in Business Times Fly Finnair's new MD-11 the world's most technologically advanced aircraft. Fly Finnair's new wide bodied MD-11 to Europe and find out why long hauls are a thing of the past. Call your travel agent or 733 3377 for more details. We know the world from start52 words
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