The Business Times, 23 December 1993

Microfilm: NL18968
Total Pages: 42
1 42 The Business Times
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  • Title Section
    Masthead
    10 1 Business Times WEKKOWASIA MITA(P) 010/12/93 Thursday December 23 1993 75'
    10 words
  • 2am LATEST
    • Article
      Lock icon Dow Jones up 6.7 points
      50 1 Reuter NEW YORK Wall Street stocks were mixed and sluggish at midday yesterday with little will on the part of portfolio managers to take chances ahead of the holidays. But at lpm EST. the Dow Jones industrial average was up 6.7 points at 3.751.85. Reutcr
      Reuter  -  50 words
    • Article
      Lock icon Monday deadline for Viacom to raise bid
      87 1 Bloomberg Business News NEW YORK Paramount Communications Inc will give Viacom Inc until Monday to sweeten its USS9.9 billion (5515.7 billion) takeover offer for the entertainment and publishing company, people close to Paramount said yesterday. Viacom had requested additional time to shore up
      Bloomberg Business News  -  87 words
  • Article, Illustration
    MARKET SUMMARY
    109 1 Stock market indices ednesdav hange ST II 2.273.95 -2.94 KLSE Composite...1.121.38 +24.77 Nikkei 17 445.74 +130.31 Hang Seng *****.96 +183.68 SET Inde* 1.523.75 +16.52 Jakarta Composite ...550.07 -2.13 CLSA China B 1.311.16 -10.33 AustAJIOrd 2.053.2 -13.8 FTSE 100 3.355.7 13.3 Wednesda) Predion? Ipm close Dow Jones 3.751.85 3.745.15
    109 words
  • Article
    Big gains for debut stocks in S'pore, M'sia and Thailand
    392 1  -  By R Sivanithy SINGAPORE Shareholders in three companies making their stock market debut yesterday were rewarded with hefty gains. In Singapore, shiprepairer and shipbuilder Pan-United Corp was the second most actively traded counter, opening on the main board at $1.97
    392 words
  • Article
    S'pore Telecom among Asia's biggest IPOs in '93: report
    412 1  -  By Shiv Taneja SINGAPORE Singapore Telecom's $1.68 billion initial public offering (IPO) in October was one of the largest Asian equity issues in the first 10 months of 1993, acccording to the International Investors' Guide to Asian Issuers and Capital Markets,
    412 words
  • Article
    Malaysian shareholder resists Rothmans merger plan
    383 1  -  By Ven Sreenivasan SINGAPORE A bid by British tobacco giant Rothmans International pic to merge its Malaysia and Singapore operations into a regional holding company has struck a snag. A major institutional shareholder in Rothmans of Pall Mall (Malaysia) has objected to the plan.
    383 words
  • Article, Illustration
    Lock icon Electronics sector expands 20pc despite poor showing of consumer electronics
    535 1  -  By Claire Leow SINGAPORE The output of the clcctronics industry grew by 20 per cent this year to $38.4 billion, led by computers and telecommunications. The industry's value-added improved by the same margin to $10.7 billion, said the Economic Development
    Source: EDB  -  535 words
  • Article
    S'pore workers rated tops in quality in Asia
    310 1  -  By Anna Teo SINGAPORE Regional corporate managers and bankers surveyed by the Political and Economic Risk Consultancy (Perc) rate Singapore's skilled white-collar workers tops in quality in Asia. But include availability and cost in the picture and Singapore comes out bottom just
    310 words
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      180 1 rßurberrysl RE ZD <» 4/ i I Reigns when it pours ft. *XXXXXXX)CX*XXXX^ CONTENTS S pore News 2 Spore-WTsia 13.14 Regional News 3,4 Financial 16 World News 4,5 Features Markets Analyse 11 Ctti/KlSf. SES »22 Editorial 10 Regional 18 Sports 8 World 18 TV/Litestyte 7 Currencies 16 Innovation/law 9 Simex/Commo
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      62 1 Law: pk 9 Truth about class-action litigation Pan-United shares slip below $2 strike price Page 14 Telecom Asia doubles in price on debut Page 14 Ipmuda chalks up M 53.01 premium Page 14 Market analyst predicts major Asian plunge Back Page *i| cmba va T N nt T c^a rman
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      21 1 Hock Lock Siew: 13 Fuel for PanGlobaVs grow th Japanese financial institution goes bust with liabilities of 250b yen Back Page
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      19 1 The Bottom Line: Pg 12 C anberra's lack of diplomacy l ast changing world, f ace the c hallenge
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      11 1 [/CKRRITIIBBI ri Risks in Asian economies lower this year, Page 4
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  • SINGAPORE NEWS
    • EYE on the ECONOMY
      • Article, Illustration
        Lock icon Growth in air cargo traffic soars
        331 2  -  By Juliette Walker AIR CARGO through Singapore looks set to outstrip last year's 11.8 per cent growth rate. The total volume of air freight for January to October rose 16.4 per cent to 681,799 tonnes, latest figures from the Civil Aviation Authority of Singapore
        Source: CAAS  -  331 words
    • Article
      Chartered Semicon confirms report on Fab II plant investment
      373 2  -  By Joseph Rajendran CHARTERED Semiconductor Manufacturing has confirmed a Business Times report that it will spend up to $1.3 billion in the next few years on its new Fab U plant at Woodlands. Managing director Tan Bok Seng said yesterday the
      373 words
    • Article, Illustration
      EDB forms unit offering consulting services on economic development to developing nations
      365 2  -  By Corinne Kerk THE ECONOMIC Development Board is all set to offer consulting services to developing countries. In September, the board set up the EDB Consulting Group (ECG), which offers public sector consulting services, especially for economic development,
      365 words
    • Article, Illustration
      Homegrown leader in semicon industry changes name
      332 2  -  By Schutz Lee HOMEGROWN KES Systems and Serv ices, a leader in "burn-in" heat treatment of semiconductors, has changed its name to Sunright. The change reflects the company's widening business base and caps a restructuring aimed at preparing the firm for listing. "Sunright
      332 words
    • NEWS ROUNDUP
      • Article
        AT&T supplying network to link Apec
        106 2 AT&T is to supply a communications network to link the 17 members of the Asia Pacific Economic Cooperation forum, the group's secretariat said yesterday. AP reported that the first phase of the communications and data base system will cost U*****,000 (*****,725) and include electronic
        106 words
      • Article
        PCS operating at full capacity
        62 2 PETROLEUM Corporation of Singapore (Pte) Ltd last night announced that its plant has been operating at full production since Dec 17, ahead of its original schedule of reaching full production by the year-end. In October. PCS revealed that repair works were in progress at the
        62 words
      • Article
        Sisir helps extend shelf life of bak kua
        99 2 THE SINGAPORE Institute of Standards and Industrial Research has enabled local vegetarian food manufacturer Xiang Xiang Vegetarian Food to break into the overseas market by extending the shelf life of its bak kua to enable the product to be exported. Sisir. in
        99 words
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      Page 2 Advertisements Column 1
      157 2 Protect You Buv An Epson. EPSON I Oat* 27th December 1993 I Tune Bpm I f J Venue: Singapore Indoor Stadium 41 Price.: $70, $90 I Lv Hote: 348 5555 f _|V\ Enquiries: 272 0037 n II Tickets are avalabie at al SISTIC outlets: M ~L ml Forum The Shopping
      157 words
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      Page 2 Advertisements Column 2
      287 2 P'l you can savour sauteed Monk fish Provencale", Sp"qAauu <J rv Q) Veal Tenderlom with Gnocchi > J (j I and a host of other E^j k 1 r tO 0 t Mediterranean delicacies, while listening r&jj J LX 7 KAYOS LpQXI/ Lly to the distant crackling of a fire:
      287 words
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  • THE REGION
    • Article
      Lock icon Mobil interest in Viet oil deal may force US to lift embargo
      475 3 Reuter HANOI Vietnam has handed a major offshore oil exploration deal to a consortium which includes US oil giant Mobil, a move which could step up pressure on Washington to lift its economic embargo on Hanoi, oil experts
      Reuter  -  475 words
    • Article, Illustration
      Lock icon Cold facts of life-saving
      63 3 Reuter SYDNEY These Japanese trainee surf lifesavers can't possibly be accused of having cold feet not when they gamely braved a chilly weather yesterday on Sydney's Manly Beach to learn the art of saving lives. The 225 students from Tokyo's Nippon College of Physical Education are
      Reuter  -  63 words
    • Article
      Lock icon Beijing to stem flow of land assets in listings abroad
      121 3 Bloomberg Business News BEIJING China has launched a clamp-down on evaluation of state property during listings of its companies on overseas stock markets to stop a low-price sell-off of state assets, the official People's Daily reported yesterday. A recent State
      Bloomberg Business News  -  121 words
    • Article
      Lock icon Confusion reigns as China keeps mum on tax reform
      419 3 Reuter BEIJING China's tax revolution is already causing confusion and raising prices in the marketplace, where few know what it will cost them when it takes effect Jan 1. Chinese and foreign accountants, manufacturers, retailers, and ordinary citizens say they are
      Reuter  -  419 words
    • Article
      Lock icon China handled over 2,500 copyright cases this year
      226 3 AFP BEIJING Chinese authorities have dealt with more than 2,500 cases involving intellectual property rights this year, as applications for patents and disputes over violations soared, it was reported yesterday. Patent offices have mediated on 1,400 disputes while Chinese courts have ruled
      AFP  -  226 words
    • Article
      Lock icon Failure to set summit framework may hurt ties, US warns Japan
      266 3 NYT. AFP, Reuter TOKYO A US official warned yesterday that relations between the US and Japan would sour if they failed to "conclude results" on a framework for trade talks before February's summit. Jeffrey Garten, undersecretary of US Commerce
      NYT.; AFP,; Reuter  -  266 words
  • Page 3 Advertisements
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      161 3 NEW ',y.r toarK -J i-. ij^^B I I Intelligent QUALITY for the discerning Evolving from a proud lineage of individualistic cars, the new security and comfort derived from the many SaabSAFE innovations. Not Saab 900 is anything but conventional. least intelligent ergonomics such as an aircraft-inspired Black Panel. In every
      161 words
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  • THE REGION/THE WORLD
    • WORLD WATCH
      • Article
        Lock icon British Gas to remain a single company
        101 4 FT LONDON The British government has cleared the way for the introduction of full competition in the supply of gas to 18 million households by 1998. The decision will allow British Gas to remain a single company. Trade and Industry Secretary Michael Hescltine
        FT  -  101 words
      • Article
        Lock icon Access given to Vatican bank
        88 4 AFP MILAN Vatican authorities have for the first time given anti-corruption investigators access to accounts of the papal state's bank, which allegedly served as a conduit for bribes totalling USSS4 million (SSB6 million), judicial sources said. The bribes were reportedly paid by the Ferruzzi-Montcdison conglomerate
        AFP  -  88 words
      • Article
        Lock icon French MP indicted for embezzlement
        97 4 AFP BETHUNE, France Olympique Marseille owner and left-wing MP Bernard Tapic was charged with embezzlement yesterday, judicial sources said. Examining magistrates Bcnoit Persyn and Philippe Vandingenen were able to indict Tapic after parliament voted last Dec 7 to lift his parliamentary immunity. Although Tapie faces
        AFP  -  97 words
      • Article
        Lock icon China-Taiwan talks fail
        89 4 AFP TAIPEI Negotiators from China and Taiwan failed to reach any agreements on any issues after five days of talks here, spokesmen said yesterday. But they did agree to carry on talking in the future. Negotiations got bogged down over Beijing's demands for the immediate repatriation of
        AFP  -  89 words
      • Article
        Lock icon Hanoi sees trade slipping into deficit
        58 4 Reuter HANOI Vietnam, which enjoyed a small trade surplus in 1992, has forecast that overall trade will slip into a deficit this year as imports surge, the official Vietnam News said. Vietnam expects total 1993 exports to hit about US$3 billion (554.77 billion) while
        Reuter  -  58 words
    • Article, Illustration
      Risks in key Asian economies lower this year: Perc
      403 4  -  By Anna Teo SINGAPORE Socio-politi-cal risks in the key Asian economies except Hongkong have lessened this year, says the Political Economic Risk Consultancy (Perc) in its latest country risk report. But Hongkong has the best risk rating overall when two other
      403 words
    • Article
      Thai govt will go ahead with mass transit systems
      229 4 BANGKOK The government stood firm on its decision to go ahead with the elevated mass transit systems, as opponents to the skytrain project intensified their campaign for an underground train instead, the Bangkok Post reported. Deputy Prime Minister Amnuay Viravan was
      229 words
    • Article, Illustration
      Lock icon Yeltsin plans to stay in office until mandate ends in '96
      383 4 AFP, Reuter, AP MOSCOW President Boris Yeltsin said yesterday that he planned to remain in office until the end of his mandate in June of 1996. reversing an earlier pledge to hold a presidential election next June. Mr Yeltsin
      AFP,; Reuter,; AP  -  383 words
    • Article
      Lock icon Thai economic growth seen peaking at 8.6pc next year
      394 4 AFP BANGKOK Thailand's 1994 economic performance will peak at 8.6 per cent, an independent think-tank predicted in the most optimistic forecast yet about the country's economy. The Thailand Development and Research Institute (TDRI), in an annual report released yesterday, also said
      AFP  -  394 words
    • Article
      Murdoch's Star TV set to buy stake in owner of Indian station
      672 4  -  From Catherine Ong in HONGKONG RUPERT Murdoch's Hong-kong-based satellite broadcaster, Star TV, is set to take an equity stake in the company which owns Zee TV, India's popular Hindi-language television station, sources said yesterday. Star is believed to
      672 words
    • Article, Illustration
      Lock icon Passing parade for Vietnamese Army Day
      38 4 Reuter HANOI Vietnamese schoolchildren Tiling past a pile of wreckages of US warplanes shot down during the Vietnam War in Hanoi's Army Museum yesterday, the 49th anniversary of Vietnamese Army Day. Reuter
      Reuter  -  38 words
    • Article
      Lock icon Ties with China improving, says US official
      231 4 AFP WASHINGTON US-China relations have improved since the summer when there were fears they were entering a downward spiral, but there is still a long way to go. a senior US official said on Tuesday. "The tone of the relationship, both public and
      AFP  -  231 words
    • Article
      Lock icon Student protests hit several major cities in Indonesia
      281 4 AFP, Reuter JAKARTA Concerned with the arrest of their counterparts in Jakarta, waves of students protested in several major cities in Java and Lombok islands, a source said yesterday. "There is a demonstration every day since the detention of 21 students in
      AFP,; Reuter  -  281 words
    • Article
      Lock icon Clinton sex allegations receive wide news coverage
      366 4 Reuter WASHINGTON New allegations of marital infidelity against President Clinton picked up pace on Tuesday. The allegations were first published by a small conservative magazine on Sunday. By yesterday, the news had been picked up leading networks and even winning front-page coverage in
      Reuter  -  366 words
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  • THE WORLD
    • Article, Illustration
      Lock icon Gore outlines plans for overhauling US telecom laws
      254 5 NYT WASHINGTON Vice-Pres-ident A 1 Gore outlined a broad plan on Tuesday to overhaul America's telecommunications laws, but provided few details on how the administration planned to tackle the devilishly divisive details. As expected. Mr Gore called for eliminating the legal barriers
      NYT  -  254 words
    • Article
      Lock icon Clinton expects FY95 deficit to be under US$200b
      268 5 Reuter WASHINGTON President Bill Clinton said yesterday that the federal deficit will be less than USS2OO billion (SS3IB billion) in the budget he will submit to Congress early next year. "We're going to recommend a budget that will take the deficit down
      Reuter  -  268 words
    • Article
      Lock icon US Measure of Business Confidence continues to rise
      167 5 Reuter NEW YORK The Conference Board said its Measure of Business Confidence jumped to 61 in the fourth quarter of 1993 from 50 in the third quarter. "The combination of stronger consumer demand, rising productivity, low interest rates and negligible inflation provides
      Reuter  -  167 words
    • Article
      Lock icon Kohl aide stirs row with 'army for home defence' idea
      499 5 Reuter BONN A key aide of Chancellor Helmut Kohl has caused a row by suggesting that the German army be used not just for national defence but to uphold domestic security. Wolfgang Schaeuble, parliamentary leader for Mr Kohl's Christian Democrats
      Reuter  -  499 words
    • Article
      Lock icon Sweden, Austria win rights on health, environmental standards in EC talks
      360 5 AFP BRUSSELS Sweden and Austria have reported a breakthrough in their negotiations to join the European Community along with Norway and Finland on Jan I, 1995. The four countries have won the right to maintain high environmental and health
      AFP  -  360 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      71 5 t/ frfjo I Italian Restaurant Wm r/I v 90 C'mon down to the comer of Bras Basah and Beach Roads today. 'Cos a new dining eoncapt W W (and a new man) has arrived on our shore. And we know you'll just want to tali your friends about It V
      71 words
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  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      725 6 Nothing Beats A Bud, QF f ,-i////'-'r/nn 9. As the festive season draws near, we'll help you W count down to Christmas and the New Year with 5* jjl our buffet spread of Taiwan Porridge dishes and 4 V traditional Christmas desserts. From 20 Dec to 1 Jan. Adult:slB,Child(underl2);slZLunch:l2pmto2.3opm, (V
      725 words
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      Page 6 Advertisements Column 2
      298 6 WHERE TO WINE, DINE AND ENTERTAIN I hristmas is a 31rrry-C :io-.Roiinil fKI a i -Surprises al Plaza Motpl Qh{m/ Cafe Plaza Christmas Eve Day International Buffet > Lunch c> Dinner 'f 5-* our.* Western Set Dinner Plaza Hotel s,nw"MTe< 19***1 B B Let Us Make Your Wedding Memorable §lf
      298 words
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      414 6 Delectable Yoag DouFu Buffet at Chatterbox every Saturday and Sunday. 12.30 pm to S pun $14.50 per person $8.50++ per child {below 10 yra) Mezzanne Sumptuous Continental ig Local Afternoon Tea spread at Mezzanine Lonnge. Daily. 2 pm to 6 pm $16.00 per person $10.00++ per child (below 10 yrs)
      414 words
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  • LIFESTYLE
    • Article, Illustration
      Lock icon Eating well: a between-the-lines look at diet books
      751 7 NYT FOR some people, extra kilograms are the inevitable consequence of holiday food and drink. And when the party is over, the task of getting rid of the newly gained weight begins. The cheapest, most readily available, and arguably the most popular,
      NYT  -  751 words
    • Article
      Lock icon Hollywood looking for gold in Golden Globe nominations
      483 7 Reuter LOS ANGELES Nominations for the Golden Globes, which mark the beginning of Hollywood's annual awards extravaganza, were due to be announced a week early yesterday as the film industry looks to cash in on the once-obscure honours. The Golden Globes have
      Reuter  -  483 words
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      254 7 The recipe for a wonderful Christmas. There's something for everybody at the Regent this Christmas. There's an elegant dinner at Maxim's for $120 per person. Or a friendly, family Christmas dinner at Capers at $60 adults and $30 for children. Or an array of hampers at our Pastry Shop. Call
      254 words
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      Page 7 Advertisements Column 2
      168 7 it CHRISTMAS EVE MENU Come and celebrate Christmas Eve with us! APERITIVO BELLINI (Complimentary Cocktail) CROSTINI ALLA ROMANA (A roasted slice of bread with anchovy and mozzarella) CRF.MA DI BROCCOLI CON MAN DORI.E (('ream of broccoli with almonds) cm ANTIPASTO DELLA CASA (Appetizer of the House) PAPPARDELLE AL NERO DI
      168 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      1132 7 TV RADIO Trial And Error, 10.30pm, SBC 5 g Franz, with Peter Rusanov as 1 Coppelius and Elvira Tarasova Helen Shaver stars in tonight's thriller Trial and Error, as Coppelia. 1993 production. 1030pm, SBC 5 SBC 12 politican who has vested 5.00 Fun House. interests in the case (Ste- 5.30
      1,132 words
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  • SPORTS
    • Article, Illustration
      Lock icon Stabbing and corruption – and some call that sport
      910 8 Stabbing and corruption and some call that sport The glory and gore which made '93 a memorable year AFP PARIS The horrific courtsidc knife attack on Monica Seles stands out as the most forceful sports image of 1993. The stabbing of the No 1 women's tennis player highlighted the increasing
      AFP  -  910 words
    • Article, Illustration
      Lock icon Cover-up job
      38 8 Reuter DETROIT Detroit Red Wings' goalkeeper Chris Osgood (30) covering up as Chicago Blackhawks" Brent Sutter (21) tries to get off a shot during an NHL game at the Joe Louis Arena here on Tuesday. Reuter
      Reuter  -  38 words
    • Article
      Lock icon New Jersey gears up for World Cup mania
      214 8 AP TRENTON, New Jersey Contrary to popular belief, there are some tickets left to the seven World Cup soccer games to be played next summer at Giants Stadium if you've got U551,125 (SS 1,790) for each seat. "You can't believe the passion
      AP  -  214 words
    • SPORT SHORTS
      • Article, Illustration
        Lock icon American Football
        69 8 NYT NEW YORK The talent hunt has begun. When Rupert Murdoch's Fox Network starts assembling a team to broadcast National Football Conference games next season its first target is CBS's John Madden. "We've had an expression of interest," said Barry Frank. Madden's agent, who also represents CBS's football
        NYT  -  69 words
      • Article, Illustration
        Lock icon Basketball
        47 8 Reuter NEW YORK Results of games pla>ed on Tuesday: Cleveland 112 Utah 97; Charlotte 108 Detroit 97; New Jersey 85 New York 81; LA Lakers 109 Orlando 102; Houston 90 San Antonio 88; Denver 121 Phoenix 95; Portland 100 Golden State 98; Seattle 91 Indiana 88.
        Reuter  -  47 words
      • Article, Illustration
        Lock icon Boxing
        232 8 AFP AFP WASHINGTON Evander Holyfield cannot fight Lennox Lewis for the unified heavyweight title without first fighting Michael Moorer. International Boxing Federation president Bob Lee said. Holyfield regained the IBF and World Boxing Association crowns by beating Riddick Bowe in a 12round decision last month. Lewis holds the World
        AFP  -  232 words
      • Article, Illustration
        Lock icon Goir
        88 8 AFP TRUMBULL, Connecticut Australia's Greg Norman was voted World Player of the Year by Go// Digest editors for the second time, the magazine said on Tuesday. Norman previously won the award in 1986 from the sporting journal based here. Britain's Nick Faldo had won the honour in three of
        AFP  -  88 words
      • Article, Illustration
        Lock icon Ice hockey
        33 8 Reuter NEW YORK Results of games played on Tuesday: Detroit 5 Chicago 1; Ottawa 2 Quebec 1; Washington 4 Philadelphia I; Pittsburgh 8 Tampa Bay 3; Vancouver 6 Edmonton 3. Reuter
        Reuter  -  33 words
      • Article, Illustration
        Lock icon Soccer
        176 8 AP AFP PARIS Bernard Tapie. the flamboyant businessman and sports magnate and member of Parliament, was charged yesterday with misuse of corporate funds in a case that threatens his political career. Tapie, owner of the successful but scandal-plagued Olympique Marseille, was charged in connection with an investigation into a
        AP; AFP  -  176 words
      • Article, Illustration
        Lock icon Tennis
        116 8 AP NEW YORK Tennis star Andre Agassi is expected to miss the opening Grand Slam event of 1994, the Australian Open, because of surgery on his right wrist. Agassi, speaking from his home in Las Vegas, was quoted in The New York Times yesterday, saying he decidcd to have
        AP  -  116 words
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      1297 8 Y aj wocbc mm Oversea-Chinese Banking Corporation Limited (Incorporated in the Republic of Singapore) ANNOUNCEMENT *****,000,000 IV4 per cent. Negotiable Certificates of Deposit maturing in 1994 with Warrants to subscribe for shares of Ssl each in Oversea-Chinese Banking Corporation Limited ("Warrants '94") NCD MATURITY AND REPAYMENT Holders of the *****,000,000
      1,297 words
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  • INNOVATION & TECHNOLOGY
    • Article, Illustration
      Lock icon Gearing up for the smart card revolution
      627 9  -  Smart cards, or cards which contain microprocessor chips, are becoming increasingly popular. Cynthia Johnson reports Cynthia Johnson Reuter CARDS incorporating microprocessor chips are coming into use in areas from banking to health-care. They offer greater protection against fraud than simple magnetic stripe cards
      Reuter  -  627 words
    • Article
      Lock icon Drinking alcohol cuts risk of heart attacks by half: report
      266 9 AFP THE AVm England Journal of Medicine, in an edition last week, published the results of a new American study showing that moderate alcohol consumption cuts the risk of heart attacks in half. "There now seems little doubt that alcohol
      AFP  -  266 words
    • IN TAKES
      • Article, Illustration
        Lock icon Christmas wishes go on-line
        82 9 AP CAMBRIDGE, Massachusetts Once upon a time, children used crayons to write letters to Santa Claus asking him to bring toys and games. Now, some kids get their messages to the North Pole in a flash, via cyberspace. And some jolly old elves reply posthaste by
        AP  -  82 words
      • Article
        Panel recommends anti-cancer drug
        72 9 WASHINGTON A scientific advisory committee to the Food and Drug Administration last week recommended that Taxol, the anti-cancer drug extracted from the yew tree, be approved for use against recurring breast cancer or breast cancer that has become resistant to other drugs. According to a report
        72 words
      • Article
        Lock icon US metal-recycling project begins
        86 9 Bloomberg Business News DENVER A pilot project to convert the former Rocky Flats nuclear weapons plant into a facility that recycles scrap metal got under way recently the first such project in the United States. The joint project of the Department of Energy, the state of
        Bloomberg Business News  -  86 words
  • THE LAW PAGE
    • Article, Illustration
      Lock icon Millions for us, pennies for you
      1041 9  -  Limited-partnership investors in the United States are learning the hard truth about class-action litigation brought in their names. Kurt Eicnenwald reports Kurt Eicnenwald NYT Beatrice Gindea thought the lawyers were on her side. Now she's not so sure. In 1988, the retiree invested US$lO,OOO
      NYT  -  1,041 words
    • Article
      Lock icon Debate rages over Prudential Energy Income class action
      400 9 NYT NO CLASS action involving limited partnerships has attracted more debate among lawyers and regulators than the three-year-old case involving the Prudential Energy Income Funds, a series of oil partnerships. Small wonder the financial fate of hundreds of thousands of investors who
      NYT  -  400 words
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  • Article
    Scandal and reform in Bombay
    510 10 EDITORIAL THE Parliamentary committee investigating a multi-billion-dollar securities scam that rocked India in 1992 has come out with findings that were, to say the least, predictable. The scandal in which brokers and bankers were accused of siphoning funds from the interbank market to fuel a
    510 words
  • WHAT THE OTHERS SAY
    • Article
      Peace, at last, in Mindanao?
      186 10 THE PROSPECTS of peace in the southern Philippines look better than at any time since a Libyanbrokered accord to settle the issue of Muslim autonomy collapsed after its signing in 1976. Delicate negotiations that are to begin next Monday are expected to last for several
      186 words
    • Article
      Make peace in Ireland
      212 10 IT WAS the British politicians who, in the early years of this century, fuelled Protestant militancy with the slogan "Ulster will fight, and Ulster will be right," as a bulwark against Ireland's Roman Catholic-dominated home rule movement. Instead of making the two sectarian communities leam to
      212 words
    • Article
      Election phobia in Japan
      190 10 EVERYONE in Japan's political sector is now suffering to a certain extent from election phobia. Political talk about dissolving Parliament and calling for a general election again is not so much a solution sought by the ruling party or the opposition party as a political ploy
      190 words
    • Article
      PDI in a sorry state
      139 10 LOOKING AT what is happening to the Indonesian Democratic Party (PDI), any sensible person would surely feel confused, perhaps even disgusted. In fact, if one would choose to speak bluntly, it could be said that the PDI is now nothing but a mess. Its leadership
      139 words
    • Article
      In a dilemma over N Korea
      189 10 INTERNATIONAL PATIENCE with North Korea's endless brinkmanship is wearing thin. American and South Korean willingness to go the extra mile has so far produced little result. The secretive North Korean communists have suspended their threat to withdraw from the International Atomic Energy Agency and
      189 words
    • Article
      Gatt: what will Thailand get?
      115 10 AFTER ALL the talk and talk, will last week's Gatt deal bring benefits to Thailand, or have Thailand and the rest of the Third World given away as much that only the rich countries who dominated the negotiations will gain? Those who want simple answers
      115 words
  • Article
    Lock icon Japanese slump recalls shades of Depression
    1097 10 Two academics discuss the recession in Japan The Nikkei Weekly The current recession in Japan has been growing ever more serious, to the point that some are now likening it to the Great Depression. What measures should be taken to reverse this long decline?
    The Nikkei Weekly  -  1,097 words
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      1291 10 BUSINESS TIMES TOLL. FREE TEL. No. I-800.741-1883 FvV X 741-1 IN THE MATTER OF THE COMPANIES ACT. CAP 50 PURSUANT TO SECTION 290(2)(b) and IN THE MATTER OF ME-U PRIVATE LTD (In Members' Voluntary Winding Up) At an Extraordinary General Meeting of the above named Company duly convened and held
      1,291 words
  • Page 10 Miscellaneous
    • Miscellaneous
      Page 10 Miscellaneous Column 1
      121 10 Tue. is once. He sumps imto A f =>»t/ f-^ou Vckj. JT'S To GET P\VaJP>V. .ANIC>/ MOR.6- Of "WOSt J tnltß'N& He' Goes OJ FoR ,f -I PsBOVjTj BRiS"bt>-FR^ iwe t ASSOCIATED NCWSPAPt *S I. TO. IHMMI 9079 DOONESBURY GARRY TRUDEAU ITS NOT JUST AND WHAT BACK OFF, MAN. UJZ'RS
      121 words
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  • ANALYSIS
    • Article, Illustration
      Lock icon Shanghai nurtures its new economic vision
      1421 11  -  China's largest industrial city was deliberately excluded from the boom unleashed 15 years ago in the south in a series of economic experiments that became a revolution. Patrick E Tyler looks at what it is doing nowadays to catch up with a vengeance. Patrick
      NYT  -  1,421 words
    • Article
      Lock icon Winds of change sweep away old-world nostalgia
      1124 11 NYT COSTS aside, almost nothing could begin without the foundations of a modern city. Shanghai is a city laid out for rickshaws. "Modernisation" under communism replaced them with seven million bicycles and 300,000 cars one-tenth the number of cars in New York City,
      NYT  -  1,124 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      31 11 SELLING POINT If ever you have to sell ice to the Eskimos, let us offer you a pointer or two. Advertising Marketing. Every Friday. SINGAPORE rr^ Business Times WE KNOW ASIA
      31 words
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  • Article
    Lock icon Tokyo wins first round of battle with bureaucracy
    296 12 Reuter TOKYO Japan's trade minister successfully dislodged a senior civil servant yesterday, winning a strategic first round for the coalition government in its battle to rein in the powerful bureaucracy. Hiroshi Kumagai. head of the powerful Ministry for International Trade and Industry
    Reuter  -  296 words
  • Article, Illustration
    Lock icon A promise to Nicholas
    75 12 Reuter WASHINGTON Five years after the bombing of Pan Am flight 103, US President Bill Clinton and six-year-old Nicholas Bright met on Tuesday at Arlington National Cemetery for a groundbreaking ceremony for a memorial to victims of the tragedy. Little Nicholas had lost his father in
    Reuter  -  75 words
  • Article
    Lock icon Govt suspends hillside tower projects; death toll now 72
    494 12 KL condominium collapse Reuter. Bernama KUALA LUMPUR The Malaysian Cabinet suspended yesterday construction of all hillside tower block projects, as the death toll from a collapsed condominium in the capital rose to 72. Deputy Prime Minister Anwar Ibrahim said the government
    Reuter.; Bernama  -  494 words
  • Article
    Lock icon US third quarter growth revised to 2.9pc, pick-up seen in 4th qtr
    458 12 AP, Reuter, Bloomberg Business News WASHINGTON The American economy grew at a revised 2.9 per cent annual rate in the third quarter, bolstered by strong consumer spending and home sales, the Commerce Department said yesterday. In addition, corporate
    AP,; Reuter,; Bloomberg Business News  -  458 words
  • Article
    Lock icon Japanese firm goes bust with liabilities of 250b yen
    243 12 AFP, Reuter TOKYO A non-bank financial institution went bankrupt yesterday with liabilities estimated at about 250 billion yen (553.5 billion) in Japan's second largest business failure this year. Easy Capital and Consultants Co in Osaka filed for protection from creditors after
    AFP,; Reuter  -  243 words
  • Article
    Lock icon France, Spain to impose quotas on American music, movies
    532 12 NYT PARIS Europe's response to a perceived cultural threat from the United States intensified on Tuesday as the French Senate approved a law obliging radio stations to play at least 40 per cent French music and the Spanish Parliament imposed restrictions
    NYT  -  532 words
  • Article, Illustration
    Canberra's lack of diplomacy will hurt trade with S-E Asia
    609 12  -  The Bottom Line HARISH MEHTA HARISH MEHTA The writer is a BT correspondent specialising in Indochinese affairs JUST A WEEK before Australian Prime Minister Paul Keating launched his infamous broadside against his Malaysian counterpart for not attending the recent Apec
    609 words
  • Article
    Lock icon Hosokawa set to announce tax cuts soon: coalition MP
    183 12 Reuter TOKYO Japanese Prime Minister Morihiro Hosokawa is likely to announce tax cuts, to be financed by short-term bonds, tomorrow or early next week, a member of parliament from Mr Hosokawa's party said yesterday. "Prime Minister Hosokawa will reveal where he
    Reuter  -  183 words
  • Article
    Lock icon Morgan Stanley's Biggs predicts major decline for Asian markets
    507 12 Bloomberg Business News HONGKONG Morgan Stanley's Barton Biggs, the global stock strategist who roiled Hongkong's market with an abrupt turnaround earlier this year, is predicting a major decline in Asian markets next year. "Valuations have reached what I judge to be
    Bloomberg Business News  -  507 words
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  • COMPANIES & MARKETS
    • Article
      Sembawang Group's new structure (from Dec 22,1993)
      187 13 Chairman of Board Exco: Philip Yeo* Exco director. Er Kwong Wah Group president: Ng Pock Too Shipyard sector Maritime sector Engineering sector Industrial sector Chairman: Philip Yeo President: Tin Mong Seng Chairman: Er Kwong Wah Dpy chairman: Ng Pock Too President: Billy Lee
      187 words
    • Article
      New Sembawang chief Yeo to be assisted by 4 presidents
      579 13  -  Reports by Rahita Elias SINGAPORE Engineeringbased Sembawang Group's new chairman, Philip Yeo, who will come on board on Jan 9, will delegate much of the day-to-day operations to its four presidents. Speaking at a press conference on his new appointment
      579 words
    • Article
      Sembawang Shipyard plans to list Philseco
      294 13 SINGAPORE Sembawang Shipyard plans to list Philippine Shipyard Engineering Corp (Philseco), for which the group and its partners submitted a winning bid of 2.03 billion pesos (S$ 115.1 million) this month. Tan Mong Seng, president of Sembawang's shipyard sector, said yesterday: "Sooner or later,
      294 words
    • Article
      Coal business expected to fuel PanGlobal's future growth
      813 13  -  HOCK LOCK SIEW By William Chia KUALA LUMPUR No one can deny that Pan Global Equities Bhd executive chairman Ishak Abdul Hamid has done a remarkable job in transforming the ailing motor insurance company into a major timber and coal-mining operator. Mr
      813 words
    • Article
      Pacific Can to raise $20.7m through rights, loan stock
      273 13  -  By Abdul Hadhi SINGAPORE Pacific Can Investment Holdings plans to raise a minimum of $20.71 million through a rcnounceablc rights issue and the issue of unsecured loan stock with detachable warrants to finance its local operations. The listed company said yesterday
      273 words
    • Article
      DBS Land, Chinese firm in Beijing project
      283 13 SINGAPORE A subsidiary of DBS Land has signed a joint venture agreement with a Chinese company to develop a Beijing factory site into a commercial, office, hotel and residential complex. DBS Land said yesterday the deal was between its whol-ly-owned subsidiary Hua Jian
      283 words
    • Article
      Summa to sell office units in Sim Lim Tower
      148 13 SINGAPORE Summa Investments has granted options to several parties to buy all the office units on the 15th, 16th and 17th storeys of Sim Lim Tower for a total of Si3.l million. The sale is subject to approval from shareholders and
      148 words
    • Article, Illustration
      Lock icon SUMMARY
      304 13 Source: Bridge Info Performance of STII's Index stocks Dec 22 l-ast Stix lade\ Storfc sale Chae bctoraotcn Avimo 2 090 -0060 1.35 3000 CAC 8 650 -0.150 5 58 75.00 CWT 3 060 -0.020 1.97 10.00 Cerebos 7.550 0.050 4.87 -25.0d FAN 17 300 0 200 11.16-100 00 Gen
      Source: Bridge Info  -  304 words
    • COMPANIES
      • COMPANY BRIEFS
        • Article
          Lock icon KL trading as usual on Christmas Eve
          83 14 Bernama KUALA LUMPUR Trading on the Kuala Lumpur Stock Exchange will be conducted as usual on Christmas Eve, the exchange announced yesterday. It would be a normal working day for the exchange and its subsidiaries on Dec 24. it said in a statement.
          Bernama  -  83 words
        • Article
          Lock icon KFC (M) denies talk of China franchise
          91 14 Reuter KUALA LUMPUR KFC Holdings (Malaysia) Bhd denied talk that the company had won a Kentucky Fried Chicken fast-food chain franchise in China. In a reply to a KLSE query following the speculation that fuelled the company's share priccs, KFC said: "We have
          Reuter  -  91 words
        • Article
          Lock icon Berjuntai Tin replies to KLSE query
          86 14 Bernama KUALA LUMPUR Berjuntai Tin Dredging Bhd said it was not aware of any rumours, conditions and reasons that caused the unusual market action in its shares on the KLSE yesterday. There was no material development in the company's business and affairs to date,
          Bernama  -  86 words
        • Article
          Lock icon Antah to divest some businesses
          89 14 Bernama KUALA LUMPUR Antah Holdings Bhd. which is currently in a consolidation phase, will divest some of its business segments in order to stay profitable, chairman Naquiyuddin ibni Jaafar said yesterday. The company had previously announced its decision to divest all its interests in Charles
          Bernama  -  89 words
        • Article
          Lock icon China Everbright's profit drops 41 pc
          79 14 Bloomberg Business News HONGKONG Chinese government-backed China Everbright International said net profit fell 41 per cent to HKSS.I million (551.05 million) in the six months ended Sep 30 compared to the year-earlier period. Total sales decreased to HKSI7 million from HK573.4 million. The company
          Bloomberg Business News  -  79 words
      • Article
        Lock icon RHB posts 230pc jump in after-tax profit
        243 14 MBT KUALA LUMPUR Rashid Hussain Bhd (RHB) has posted a 222.5 per cent improvement in group pre-tax profit to M$ 130.67 million (SSBI million) for the six months ended Nov 30. This was achieved on a 202.2 per cent jump in turnover to
        MBT  -  243 words
      • Article, Illustration
        Lock icon HK luxury flat prices will keep rising in '94, says New World
        389 14 Bloomberg Business News HONGKONG Hongkong real estate, hotel and construction giant New World Development Co Ltd says the prices of luxury residential flats will continue to rise in 1994. Property prices in Hongkong have soared in the past
        Bloomberg Business News  -  389 words
      • Article
        Lock icon Shareholders back Playmates' business split
        256 14 Bloomberg Business News HONGKONG Shareholders of Playmates International Holdings yesterday voted unanimously to support a plan to split its toy and real estate businesses. The corporate restructuring means the existing public company will retain its listing and will be renamed Playmates Properties Holdings Ltd. After
        Bloomberg Business News  -  256 words
      • Article
        Pan-United shares dip below $2 strike price
        469 14  -  Debut of three IPOs in the region By Juliette Walker SINGAPORE Shares in marine-based Pan-United Corporation closed yesterday at $1.71, below the $2 strike price but more than double the 72 cents paid for fixedprice shares. On its debut trading day, the home-grown
        469 words
      • Article
        Lock icon TelecomAsia doubles in price
        422 14 Reuter BANGKOK Telecom Asia Corp made a grand entrance into the Thai securities scene yesterday, becoming the biggest capitalised share on the bourse on its debut by more than doubling in price. It rocketed to 124 baht from an initial public offered price of 55 baht
        Reuter  -  422 words
      • Article
        Ipmuda chalks up M$3.01 premium
        429 14 SINGAPORE Malaysian building materials supplier Ipmuda Bhd made an impressive debut on the Kuala Lumpur Stock Exchange, with the share opening at M 54.50 for a premium of M 52.75 over its offer price. It closed at M 54.76, a premium of M 53.01 over
        429 words
      • Article
        Lock icon Yaohan and Furubayashi plan to develop packaging materials firm into China's largest
        288 14 Bloomberg Business News HONGKONG Furubayashi Shiko Co and Yaohan International Holdings are setting up a joint venture to make packaging materials in Shanghai and aim to turn it into the largest in China. In a statement Yaohan, which
        Bloomberg Business News  -  288 words
      • Article
        Lock icon S Korean conglomerates step up investments for '94
        425 14 Reuter SEOUL South Korea's three top business conglomerates. expecting a boom in domestic and overseas markets, yesterday announced plans for ambitious investment spendings in 1994. The Hyundai Group announced a whopping 119.5 per cent increase for 1994 to 4.5 trillion won (SSB.B
        Reuter  -  425 words
      • Article, Illustration
        Lock icon Tenaga to trim workforce by 8,000
        244 14 Bernama MALACCA Tenaga Nasional will trim its workforce from 23.000 at present to 15.000 by the year 2000 as the company is overstaffed, executive chairman Ani Arope said yesterday. He said the trimming exercise covering all categories of workers would not involve staff retrenchment,
        Bernama  -  244 words
      • Article
        Lock icon Lippo, Hong Leong Finance to build aquarium complex
        124 14 AFP JAKARTA Indonesia's Lippo business group is to join forces with companies from Singapore and Japan to build a US$l4.2 million (5522.6 million) Sea World aquarium complex here, Lippo Group spokesman Devie Darmawan said yesterday. Lippo would cooperate with Japan's C ltoh
        AFP  -  124 words
      • Article
        UNIT TRUSTS & FUNDS
        520 14 UNIT TRUSTS FUNDS M—lfri' >nc«8($) Dcc23 Unibond 1.07 1095 ii_ii T _,_4 United Gr Fund' 168 1.74 unit I rust United Fund I 98 2 06* The ("ommeroc i 78 1 87 NTUC Income The Savings Fund 166 1.74 S'porc Hrog Fund 0 74 0 78 I*** Bond Policy 4
        520 words
      • Article
        DIVIDENDS ANNOUNCED
        738 14 Payment Ex Books Pay date close date AISB 50* b 5 Dec 31 Jan 14 Jan 2! Amal Steel 50* b 14 Dec 2 Dec 16 Jan 15 Amtck Eng 20* F 6TE Dec 15 Dec 21 Dec 30 Antah Hldgs 50* b 6 Dcc 9 Dec 23
        738 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon South-east Asian govts cutting yen holdings as currency weakens
        311 16 Reuter TOKYO South-east Asian governments appear to be reducing their yen asset holdings in anticipation of a further weakening of the yen. Asian currency traders say. A shift in asset holdings to US dollars and other European currencies is now expected.
        Reuter  -  311 words
      • Article
        Lock icon Yen bond market will get boost from Tokyo's new rules
        462 16 Reuter LONDON Rule changes announced in Tokyo on Tuesday could boost the importance of the Euroyen bond market and that of the yen itself as a global currency, said analysts here. Japan's Ministry of Finance said that from Jan 1,
        Reuter  -  462 words
      • SMALL CHANGE
        • Article
          HK banks to say more in balance sheet
          108 16 HONGKONG A Hongkong Monetary Authority official said Hongkong banks had agreed to disclose more of their balance sheets, but differed on how fast they should change and how far the disclosure should go, South China Morning Post reported. Deputy chief executive David
          108 words
        • Article
          Lock icon Aussie finance firm sells unit
          74 16 AFP SYDNEY Finance company Australian Guarantee Corporation (AGC) has sold its wholly-owned subsidiary AGC Finance HK to a US firm AT&T Capital. The Hongkong-based vehicle and equipment leasing and finance company has assets of about HKS22O million (5545.3 million). AGC chief general manager Tony Aveling
          AFP  -  74 words
        • Article
          Vietnam to set up govt bond market
          121 16 BANGKOK Vietnam will set up a government bond market in Ho Chi Minh City at the end of next year to help facilitate the development of a domestic capital market, Bangkok Post reported yesterday. "The State Bank (of Vietnam) is preparing the legal
          121 words
        • Article
          Lock icon Taiwan investment fund for foreigners
          100 16 Bloomberg Business News TAIPEI The China Securities Investment Trust Corp, the Taiwan company which manages the New York-listed Taiwan Fund, plans to launch a new mutual fund aimed at foreign investors early next year. The new fund, tentatively called the Taiwan Growth Fund, is expected
          Bloomberg Business News  -  100 words
      • Article, Illustration
        Lock icon PNG approves plans for 2 refineries
        176 16 Reuter PORT MORESBY The Papua New Guinea (PNG) Cabinet has approved two proposals to build PNG's first oil refineries, Prime Minister Paias Wingti said. Locally owned PNG Oil Refinery Pty Ltd and US-based Galveston-Houston Co had put detailed proposals to the government since development
        Reuter  -  176 words
      • Article
        S'poreans secure stocks in two IPOs in China
        341 16  -  By Paul Leo SINGAPORE Singaporeans' appetite for public offer of shares has sprung a second wing and they are now successful in subscribing for two IPOs in China. Industrial and Commercial Bank of China (ICBC) Singapore branch general manager Zhao Liang told
        341 words
      • Article
        Lock icon ANZ concerned about result of Indian probe
        273 16 AFP SYDNEY One of four foreign banks accuscd of making illegal transactions in India said yesterday it was concerned at the recommendations of a parliamentary probe into the affair. An Indian parliamentary committee accuscd the four banks of making illegal transactions and demanded
        AFP  -  273 words
      • Article
        Lock icon Philadelphia bourse rejects merger proposal
        221 16 Bloomberg Business News NEW YORK The Philadelphia Stock Exchange said on Tuesday its board rejected a merger proposal from the Chicago Board Options Exchange. The CBOE, the largest options exchange in the world, offered to buy the 203-year-old Philadelphia exchange on Nov 4 with a
        Bloomberg Business News  -  221 words
      • Article
        Lock icon UAE to raise capital of Libyan-linked bank
        181 16 AFP ABU DHABI The United Arab Emirates (UAE) will invite subscriptions into a Liby-an-linked bank as part of plans to privatise public institutions and absorb swelling liquidity, an official said on Tuesday. Subscriptions will start in early 1994 to raise the capital of
        AFP  -  181 words
      • Article, Illustration
        Banque Indosuez REGIONAL CURRENCY REPORT
        144 16 THE yen declined against related crosses yesterday as turmoil continued within Japan's Socialist Party. On the regional currencies market, trading was confined to extremely light ranges. Local banks again bought USS for SS in the morning trade but demand for SS from offshore corporates managed
        144 words
      • Article
        Lock icon London
        184 16 Reuter LONDON The dollar backtracked from pressurising the \en and eased on the mark in iate Europe trade yesterday. Traders said the market's focus was directed at the yen and the Swiss franc yesterday, with dollar/mark reacting to their moves. "The yen is dominating everything. As mark/yen goes higher,
        Reuter  -  184 words
      • Article, Illustration
        Untitled
        882 16 /rode mlighted index cakulati\l attains S'pm'i top H trading partners Hum- year 1985 USS/SS forward rates Noon Dec Z ss Bid Oder 1-month 1.5935 1 5950 2-month 1.5936 1 5951 3-month 1 5937 1 5952 6-month 1.5929 I 5949 Stmnv OC'DC Source: OCBC FOREIGN CURRENCY NOTE RATES As at 10am
        882 words
      • Article
        Lock icon Gulf states ready to cut oil output to boost prices
        193 16 ENERGY REPORT Reuter DUBAI Gulf Arab leaders said yesterday they were willing to take an oil output cut if other producers agreed to join a comprehensive effort to boost prices. A final statement by the Gulf Cooperation Council (GCC) summit
        Reuter  -  193 words
      • Article
        Lock icon Public Bank's Vietnamese unit posts six-fold expansion in loan portfolio
        235 16 Bernama KUALA LUMPUR Public Bank Bhd's Vietnamese joint venture bank is adopting a positive view on lending in that country and is actively pursuing lending to viable Vietnamese companies and foreign businesses. Consequently, VID Public Bank, a 50-50 joint venture
        Bernama  -  235 words
      • Article
        Lock icon New York
        85 16 AFP NEW YORK The dollar continued to weaken here yesterday in a sluggish market, while gold also lost ground. At about 10:00 am (1500 GMT), the dollar was trading at 1.7015 German marks, down from 1.7075 late on Tuesday, and at 111.20 yen (111.15). Several hours earlier in
        AFP  -  85 words
    • COMMODITIES & FUTURES
      • Article
        Lock icon Euroyen steady, Eurodollar quiet
        1359 17 SIMEX REPORT Reuter SINGAPORE Simcx Euroyen interest rate futures ended steady yesterday, recovering from mtraday lows in a spot of late intraday profit-taking, traders said. September Euroyen ended at 98.36 against 98.33 previously on a total of 15.350 lots traded. "The Euroyen is coming off a
        Reuter  -  1,359 words
      • Article
        KL tin edges up on pre-holiday buying
        610 17 COMMODITY REPORTS Tin TIN moved higher on pre-holi-day covering interest and prices ended two sen up at MS 12.06 a kg yesterday, traders said. Persistent European and Malaysian trade buying was seen ahead of the long Christmas and New Year holidavs. The market
        610 words
      • KNIGHT-RIDDER COMMODITY SUMMARY
        • Article
          Thailand expected to export less tin
          114 17 TOKYO A shortage of tin concentrates because of mine closures earlier this year is expected to result in a 50 per cent decline in exports of tin metal from Thailand in 1994, traders here say. Supplies of concentrates in Thailand and Malaysia are "getting
          114 words
        • Article
          Canberra extends meat export control
          112 17 SYDNEY The Australian Meat and Livestock Corp has extended its export control scheme for shipments to the United States into 1994. The AMLC has issued a preliminary export entitlement of 200.000 tonnes in the expectation that a firm figure for 1994 US access will be
          112 words
        • Article
          Taiwan to import more raw sugar
          123 17 TAIPEI The state-run monopoly Taiwan Sugar Corp plans to import 60,000 to 70,000 tonnes of raw sugar by the end of June. A company official said the move followed a decline in domestic production due to a serious drought this summer. "For the 1993-94
          123 words
    • Article
      COMMODITY PRICES
      1666 17 Rubber RAS Commodity Exchange (futures closing as at 1pm) RSS 1 Contract (S ccnts/kg) Close Volume Open Month High Low Sett (tonnes) Interest Jan 94 133 00 133 00 132.50 100 150 Feb 133.50 133.50 133.50 175 4.375 Mar 0.00 0 00 135.25 0 6.925 Apr/Jun 137.25 137.00
      1,666 words
    • REGIONAL STOCK MARKETS
      • Article
        Australia
        1413 18 -13.8 THE share market closed sharply lower yesterday as another fall in the price of News Corp stock triggered profit-taking in most sectors. The All Ordinaries finished 13.8 points lower at 2.053.2, off a low of 2.049.6 in early trade. "News Corp has given everyone a fright." a broker
        1,413 words
      • Article
        Manila
        574 18 +61.55 The Manila composite index closed at 2,897.83 points, a gain of 61.55. while Makati surged to 2.991.89 from 2,918.70. Brokers said the market would try to test the 3.000-point barrier. Blue chip Philippine Long Distance Telephone Co was among the top gainers, rising 45 pesos to 2.065. Benpres
        574 words
      • Article
        Taipei
        573 18 +228.88 Taiwan stocks soared 4.4 per cent to end at a 29-month high in hectic trade on waves of frenzied buying across the board. The weighted index jumped 228.88 points to 5,474.75, its highest close since 5.591.96 on July 5, 1991. Turnover nearly doubled to NTS 103.92 billion from
        573 words
      • Article
        Seoul
        420 18 +2.81 Buying focused on financial and construction counters prodded the market back into positive territory by the close, but stocks were well off their morning 10point leap, brokers said. The composite index closed 2.81 points up to 868.60. "As a result of the recent boom, some investors became jittery
        420 words
      • Article
        New Zealand
        286 18 +24.81 Shares steadily strengthened throughout the day. after a weak start, to end 1.21 per cent ahead. Brokers were slightly puzzled about why the market was so strong as they had been on Monday and Tuesday about the extent of the market's weakness. "It was a surprise it
        286 words
    • WORLD STOCK MARKETS
      • Article
        Untitled
        923 18 Britannia Funds sterling ash Bid Offer Mim Cap Deposit 38 6400 38 (>*00 Mim Jenev Gill ftlM3 0 l« Mim Mat Income I 0400 •I.IJOO LSS Cash Income Pirn Fund 10 7100 11 2400 PS Reserve Fund 5 2300 5 2400 Sterling Fruits Euro Performance 0.4W OWU Far Ea4 Fund
        923 words
      • Article
        London
        585 18 13.3 UK stocks closed off their highs but were strong and rising yesterday, helped by stable FTSE futures, hopes of lower interest rates and continued switching from gilts into higher-yielding equities. The FTSE 100 closed up 13.3 points at 3,355.7 after hitting a peak of 3.359.1 around 0950 GMT.
        585 words
      • Article
        Paris
        123 18 +9.93 French shares ended in sprightly mood, supported by renewed hopes for interest rate cuts prompted by the strong franc, dealers said. They noted the market was underpinned by genuine buy orders and there was little arbitrage with index futures. The CAC-40 index closed up 9.93 points, or 0.45
        123 words
      • Article
        Stockholm
        114 18 +o.lBpc Swedish shares ended higher after trading unchanged for most of the day. Dealers said it is clear that Christmas is near and most players prefer to buypresents instead of shares. The OMX-index was up 0.36 per cent 1,079.76. while the blue-chip top-16 index climbed 0.49 per cent to
        114 words
      • Article
        Frankfurt
        183 18 14.58 German shares hit new peaks again but retreated from highs after failing to break the 2,200 barrier on the DAX. The DAX index ended up 14.58 points or 0.67 per cent at 2,197.51, just below day's trading high and all-time peak of 2.197.87. Dealers said a new crack
        183 words
      • Article
        Brussels
        173 18 +8.82 Belgian shares, aided by strong bonds and yesterday's domestic interest rate cut. ended 0.62 per cent firmer and were expected to extend recent gains later this week, dealers said. The Bel-20 index of leading shares closed 8.82 points up at a record closing high of 1,442.40. It set
        173 words
      • Article
        Toronto
        122 18 1.68 Stocks remained up slightly at midday yesterday as gains in most sectors offset plunging precious metal issues. Traders said there was no impact from the resignation of Bank of Canada Governor John Crow earlier yesterday. The TSE 300 composite index was up 1.68 points at 4,216.41 in turnover
        122 words
      • Article
        Milan
        155 18 +o.Bpc Italian shares rose for the eighth consecutive session with dealers saying positive macroeconomic indicators were giving the market strong support. "The bulls haven't been let out of their pens yet. but strong fundamentals and the rigorous budget are causing confidence to bubble to the surface," one dealer said.
        155 words
      • Article
        Amsterdam
        261 18 +3.64 Dutch shares, already in record territory, smashed out of an 11-year uptrend channel on the EOE index by closing above resistance at 407, and 410 is now seen a fairly easy target before the year end. The EOE index added 3.64 to close at 408.80. Elsevier headed featured
        261 words
      • Article
        Zurich
        272 18 13.36 Swiss shares rose by about 3/4 percentage point to close at a record high for the fourth day in a row. Dealers said the sound economic outlook and high investor liquidity pushed the market higher. Ciba registered shares. 10 francs higher at 888, and ÜBS bearers. 18 up
        272 words
      • Article
        Johannesburg
        288 18 +27 Gold shares again reacted to bullion weakness, extended mild earlier declines into afternoon trade as industrials shrugged off market lethargy to attract some demand in prc-Christmas dealings. The gold index finished 34 points, or 1.61 per cent, better at 2,072, the industrial index collected 27 points to 5,198
        288 words
      • Article
        New York
        823 18 unch The Dow Jones industrial average was unchanged at 3,745.15 at 11 am EST yesterday. The key barometer was ahead 4 points shortly after the market opened. The New York Stock Exchange composite index was ahead 0.13 to 257.27, while Standard Poor's 500-stock index was up 0.22 to
        823 words
    • Article, Illustration
      Lock icon HONGKONG
      3087 19 Reuter HONGKONG Share prices closed sharply higher yesterday as bargain hunters moved into the market after Tuesday's sell-off, buying up property stocks and utilities, brokers said. The Hang Seng index ended 183.68 points or 1.75 per cent higher at 10,707.96. Turnover was HK57.66 billion against an adjusted HKS9.O9 on
      Reuter; Source: Bridge Info  -  3,087 words
    • Article, Illustration
      CHINA
      513 19 THE CLSA Shanghai B Index finished 10.71 points weaker at 968.85 yesterday. Dazhong was the biggest losers plunging 15.6 per cent on light trading to close at US$l.52. Forever Bicycle and Vacuum gained 5.9 per cent and 4.8 per cent respectively. Erfangji also advanced 3.9 per cent following its
      513 words
    • Article, Illustration
      Lock icon TOKYO
      2450 19 Reuter TOKYO Stocks closed firmer in thin trade yesterday ahead of a public holiday today, brokers said. The Nikkei average moved in a tight range of 17,453.15 to 17,296.33 during the day as sporadic buyers and sellers carried out a tug-of-war which lacked any clear direction. The 225-issue Nikkei
      Reuter; Source: Bridge Info  -  2,450 words
    • Article, Illustration
      Lock icon BANGKOK
      1895 19 Reuter BANGKOK Thai stocks closed 1.1 per cent higher on heavy buying of finance and brokerage firms in the afternoon and on active trade of the new listing of Telecom sia Corp (TA). brokers said. The SET index gained 16.52 points to end at its day's high of 1.523.75
      Reuter; Source: Bridge Info  -  1,895 words
    • Article, Illustration
      Lock icon JAKARTA
      1130 19 Reuter JAKARTA Share prices closed mixed in quiet trading yesterday with investor interest confined to selected stocks, dealers said. The official index ended 2.13 points lower at 550.07. A foreign broker said market activity picked up late in the day. Tjiwi Kimia closed up 100 rupiah at *.050 in
      Reuter; Source: Bridge Info  -  1,130 words
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      Lock icon CLOB INTERNATIONAL
      2931 20 Source: Bridge Info Source: Bridge Info MOST ACTIVE volume Kamunnng 50c 18.901.000 Lien Hoe TSR97 11.817.000 FACB 50c 13 600.000 VMDB 5(X 11.269.000 Tan (.hong 50c 10.348.000 In** Bhd 9.853.000 Melrople* 50c 9.811 000 MnsHydSOc 4.5:3.000 Sd Diedg 50c 9 064.000 C icneral C orp 8.916.000 Ind Owgen
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    • KUALA LUMPUR STOCK EXCHANGE
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        Lock icon Index surges to new record on high turnover
        6068 20 Bernama KUALA LUMPUR Buying support for blue chips and quality stocks pushed the benchmark Composite Index to close at a record high of 1,121.38 yesterday. The weighted index, which finished 24.77 points higher, bettering the previous closing high of 1,116.09 on Dec
        Bernama; Source: Bridge Info  -  6,068 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        7372 21 MAIN BOARD Transaction date: Dcc 22 Cr Gr 1993 Ijisi Vol Day Last Qaote Di» Di* YM Net M Ca» High U» (ompant Sal* ('000) H>«h Iaw Bayrr Seller CV fit tail INDUSTRIAL AND COMMERCIAL 1400 260 l Acma 1230 -20 50 1250 1220 1220 1230 12.5 2.1 1.0 53.2
        7,372 words
      • Article, Illustration
        Lock icon Index weakens on profit-taking after early surge
        1724 22  -  By R Sivanithy SINGAPORE The Straits Times Industrials Index closed lower yesterday for the third day in a row. Across-the-board buying of blue chip and second liners sent prices soaring in the morning, but the momentum was not sustained. Demand for Fraser and
        Source: Bridge Info  -  1,724 words
      • Article, Illustration
        Compact Metal Industries
        115 22  -  HOT STOCK By Quak Hiang Whai COMPACT Metal Industries is one of the few Sesdaq counters which have not fully participated in the recent run-up on the second board. The stock appears to be consolidating within a "pennant", which displays converging boundary lines with higher bottoms. This
        115 words
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      109 13 m Mil KB It jfe- VIETNAM At RUNES fr Direct flights daily to Ho Chi Minh City and Hanoi t on a comfortable new fleet SHSL Only Vietnam Airlines offers the convenience of daily flights from Singapore to Ho Chi Minh City and Hanoi. Enjoy in-flight service which reflects our
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      77 15 PUB DISCO JAZZ KTV CANTO PRESENTS Bf r ISU PREMES CHRISTMAS EVE/NEW YEAR'S EVE Price: $45++ (incl. 2 standard drinks) 25 Dec $20 Nett (incl. 1 standard drink) 26 28 Dec $15 Nett (incl. 1 standard drink) MEMBERS GET FREE ADMISSION JOIN NOW! TEL: 735 61 33 FAX: 737 5852
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      284 17 BUSINESS TIMES TOLL-FREE TEL No. 1-800-741-1883 FAX 741-1298 EFFECTIVE RECRUITMENT ADVERTISING. ITS ONLY A CALL AWAY... To advertise your Appointments or Notices, caM toll-free 1-800-741-1883 I The Straits Times"! IN THE MATTER Of THE COMPAMES ACT. CAP.SO ANO IN THE MATTER OF AFEC PLEXCHEM PTE LTD (In Mimbara' Voluntary Liquidation)
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      31 17 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead 737-7 766 to place o*| a Quick- C.A.TS. acting ad. 737-11*61
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      48 18 Classic Masterpieces In Time _Nv W~ |BPnr On display at the Museum of Modern Art (MOMA) in New York and the following selected stores and outlets... 23 Hilton International Tel: 734 7445 #01-09 Mandarin Shopping Arcade Tel: 737 9810 #02 11 Raffles Hotel Arcade Tel: 337 8283 v
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      51 21 lilift- BlancpaiN nu Sm«apon- Till tiCXIKCIXSS* l ucky »ti/rf Tci 7M242W1 Sculls JIViV7/7l««* \7!« CcMivpiiinl TM 7'MIVNUMH* ITiinisulj I'U/jTH M7HWWiMI'>«6) WimUlTi.kli-(d4irTel 271KW7 mw«i C h.m«i Aiipml l|l ,isl (.Wi-J yfIIWKI WfIORI Sole Accnl Tin-: I lOlJk' W.ASS. 20 HkMincl Kim«l. *07 00 Wcllinclmi U w 2n74ii.i.}nwr7 THF.HOURGLASSH The ullid slim
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      20 22 PORT SHOTS The latest in sea, air and land transportation. Shipping Times. Monday to Friday. f U Business Times •voovAm
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      288 22 Personal Finance and Investment, every Saturday in Executive Lifestyle Booms and Busts Is history about to repeat itself or are we entering the /life*- >/ golden age of the JJ7 Asian stock market? l H*WmxLV ALSO IN THIS ISSUE: s The hard road to franchising A blitz of business news
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  • Shipping Times
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      Osprey gets AIS status, S'pore becomes group HQ
      321 23  -  By Ramesh Divyanathan SINGAPORE The Trade Development Board has designated Osprey Maritime an Approved International Shipping Enterprise from January 1994. Under the scheme, Osprey will enjoy tax exemption on income from the operation of vessels in international waters. The minimum requirement for
      321 words
    • Article, Illustration
      Lock icon Tokyo to study Russia's request on waste storage
      358 23 UPI, AFP TOKYO Japan agreed on Tuesday to study the possibility of providing Russia with an emergency storage facility such as a chemical tanker to hold liquid radioactive wastes. During a meeting of experts from both countries at the Foreign Ministry, the
      UPI,; AFP  -  358 words
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      Lock icon Three vie to set up M'sian shipping fund
      333 23 Lloyd's Maritime Asia KUALA LUMPUR After a temporary hold on activities due to the recent elections in Malaysia, progress towards the establishment of a Malaysian shipping fund is once again on track. On Nov 28, Bank Negara released M 578.5 million (5548.75
      Lloyd's Maritime Asia  -  333 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      839 23 Page Col ABC Containerline 12 I Accord Group 8 1-3 Ahrenkiel Liner 4 1/2 •APL 5 3-5 Appenship 18 1/2 •ANL 3 1/2 •ASCL 5 5 Avant Shpg 6 4/5 •Bait Orient Line 7 4/5 •Bank Line, The 9 5 Barbican Line 4
      839 words
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      Stolt Comex clinches 2 contracts worth US$18m
      227 23  -  By Dexter Lee SINGAPORE Offshore oil and gas contractor Stolt Cornex Seaway has clinched two contracts worth US$lB million (5528.62 million), raising the value of work in hand to US$2OO million. This compares with an order backlog of US$2O4 million in January this
      227 words
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      Lock icon Itochu joint venture sets up firm in Shanghai
      255 23 AFP TOKYO Major trading company Itochu Corp and another two Japanese firms will jointly set up a company with Chinese firms in Shanghai to offer warehouse and trucking services, an Itochu spokesman said yesterday. The new joint venture called South China International
      AFP  -  255 words
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      Austal wins US$5.8m deal to build ferry for Tahitian firm
      323 23 SINGAPORE West Australian yard Austal Ships has clinched a USSS.B million (559.3 million) contract to build a high-speed ferry for Tahitian owner SPI Maritime. The shipbuilder says the deal "could open up a new and lucrative market". In the past
      323 words
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      Lock icon New law to give Thai maritime a vital filip
      581 23 Major expansion expected in shipping fleets The Nation BANGKOK Thailand's maritime industry is soon to be upgraded by a new law that enables Thai shipowners to mortgage a ship with a financial institution. The Ship Mortgage and Maritime Liens Bill is
      The Nation  -  581 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        550 24 Vessel Voy No Berth Arrival Departure Vessel Voy No Berth Arrival departure Jurong Port Nona 012 poia ax*** 2212/2300 Batam Bahsgia 12/05 93 11 alongside 2312/2315 Als Amaka 20£B P07 23.12/1/00 2412/1100 Batam Muim 1/06,93 12 alongside 2312/2330 Batam S|*ed3 A3293* P01A *3.12/1/30 £12/1900 Bmtar Mulya 12/01/93
        550 words
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        CONTAINER SCHEDULES
        1672 24 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Booking/Balance Rslts Ship Voy No Etb/Btr Period From To From At. Daisy 047A 25/1200 3 23/0700 23/1159 23/1400 4 23/1200 23/1459 23 1700 fcTL* 1688 24/IioO 1 22/1500 22/1659 22/1900 2
        1,672 words
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      THE SHIPPING GUIDE
      8930 32 This is a list of ships loading at Singapore for ports around the world. It tabulates, by destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. LEGEND PN: ship calls at Penang after
      8,930 words
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      SHIPPING AGENTS
      3342 37 -AIBC Coatainerline NV: Belsin Shpg Agencies Pte Ltd (SVManne Handling Sdn Bhd (PK'PN). Accord Gimp: Accord Shpg Pte Ltd (SyAccord Contr Line (PK/PN). Adkris Business Corporation Philippine C alsource Shpg Trdg Pte Ltd (S) Ahrenkiel Liaer Service: Kim Shpg Trdg (S). Albatros Sea-Air Service: Frata Shpg Pte Ltd
      3,342 words
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      COURIER SERVICES
      280 37 Abacus Couriers Tel: 545-8011. Fax: 545-1898. Air Express Travd Tel: 533-5771. Fax: 535-6144 Airborne Freight C orporation Tel: 542-8844. Fax: 542-3716. *****80 Airswift Worldwide Courier Tel: 278-0188. Fax: 273-8283. AJS Supplies Tel: 748-6322 (2 lines). 747-7421. Fax: 742 8975 Cits-Link International Tel: 344-3377. Fax: 345-6450 Cluster Link Supplies
      280 words
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      AIR FORWARDERS
      1498 37 Abex Express Freight Tel: 542-7171. Fax: *****84. Actinic Forwarder Tel: 225-1833. Fax: *****42. Activak Singapore Tel: 542-7812." Fax: *****20. Aeroliak Freight International Tel: 545-8033 Fax: *****05. td:""42-5911. Fax: *****18. Air Cargo Novo Express Tel: 542-5454. Fax: *****06. Air Express International Tel: 542-7666. Fax: *****74. *****50. Air Market Express
      1,498 words
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      PORT CONDITIONS
      2472 38 ALBANIA Duress: Three vessels in port of which 1 discharging bagged flour, 2 bulk wheat, 3 vessels in roads of which 1 to discharge bagged flour. 1 bagged clay, 1 bagged cement. ANGOLA Luanda: City normal, port operating normally. No congestion reported. Lobito, Namibe: Conditions normal in both
      2,472 words
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      SHIP SALES & TANKER RATES
      1088 38 SHIP SALES TANKER RATES RUMOURS indicate that a resale double/double aframax (delivery April 1994 at Samsung) may have been sold at around US$4B million. Initial enquiries indicate this could be the tanker Pacific Order and that the buyers are Far Eastern (either Japanese or Proc). It is also reported that
      1,088 words
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      AIR FREIGHT SCHEDULE
      556 38 ARRIVALS DEPARTURES Op Might Type ETA T From Op Flight Type ETD T To TODAY TODAY KAL KE697 B747F 0150 I SEL KAL KE697 B747F 0440 1 BKK SI A SQ827 B747F 1730 2 CPH/DXB S1A SQ/ B747F 0715 2 DXB/LON CLX CV794 B747F 1845 I LUX/DXB
      556 words
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      CRUISE & FERRY SCHEDULES
      448 38 CRUISE FERRY SCHEDULES CRUISE SHIPS Air Dep Name of Vessel ETA ETD Ports of Calls Port Agent I eiephone No DECEMBER 23 23 Leisure World 1300 2015 Cruise to Nowhere Lauw Sons Travel 227-8284 24 24 Leisure World 1300 2015 Cruise to Nowhere Lauw Sons Travel 227-8284 24 24 Sea
      448 words
    • Article
      DAILY FREIGHTS
      423 39 THE dry cargo freight market looks as if it has wound down already for the forthcoming holiday period as there were no key grain fixtures on Tuesday and little time-chartering, brokers said. Grain chartering fared so badly that only one cargo of 50.000 tonnes from Hamburg to Santos
      423 words
    • Article
      TRANSPORT DIARY
      358 39 COURSES Title: Transport Disciple Duration: December Organiser The Chartered Institute of Transport Tel: For more information contact CIT Secretariat at 226-3433 or fax: 226-2477. Title: International Freight Forwarding (SDF 70%) Duration: Jan 20 Apr 7 Organiser: Singapore Freight Forwarders Association Tel: For more information contact SFFA Secretariat at
      358 words
    • Article
      COCKETT BUNKER MARKET REPORT
      1011 39 THIS twice weekly report, compiled by Cockett Marine Oil Ltd. shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on average-sized stem. Market movements are indicated. The Cockett Bunker Price Index change and
      1,011 words
    • Article, Illustration
      Learning valuable lessons from Denver airport
      1013 40  -  Alan White, reporting from Colorado, looks at why there has been a change of heart over the building of the international airport Alan White, The writer is a free-lance journalist based in Boulder. Colorado IN this modern, industrial world, one often sees new construction
      1,013 words
    • AIR AND LAND TRANSPORT NEWS
      • Article
        Lock icon US aviation group unveils plan to reform ailing industry
        400 42 Reuter WASHINGTON A coalition of more than 30 aviation companies and trade groups has announced a plan to revitalise the ailing US airline industry. It said it would ask the Transportation Department to end costly and unjustified regulations and would seek
        Reuter  -  400 words
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        Lock icon Guangzhou to launch subway project
        274 42 AFP BEIJING The southern Chinese city of Guangzhou will begin work next week on the city's USSI billion (SSI.6 billion) underground railway network, said the official China Daily on Tuesday. And the neighbouring city of Shenzhen plans to start work on its own metro next
        AFP  -  274 words
      • Article
        Lock icon German car makers report fall in car registrations
        366 42 Bloomberg Business News FLENSBURG, Germany Germany's five car makers all reported a drop in domestic car registrations both in November and in the first 11 months of the year, the Federal Vehicle Registration Office said in a statement on Tuesday. Volkswagen AG
        Bloomberg Business News  -  366 words
      • Article
        Lock icon Breed Technologies in tie-up to make air bags for Fiat
        275 42 Bloomberg Business News LAKELAND, Florida Breed Technologies Inc has formed a joint venture with a European automotive component supplier based in Italy to make air-bag systems for Fiat Auto SpA. Breed Technologies, which since March has been shipping air-bag systems
        Bloomberg Business News  -  275 words
      • Article
        Lock icon Eva forecasts break-even results in 1995
        302 42 Reuter TAIPEI Taiwan's Eva Airways expects to break even for the first time in 1995 on the back of rapidly rising passenger traffic, after losing money since the airline was founded in July 1991. "We should reach operations of an economic scale in 1994.
        Reuter  -  302 words
      • Article, Illustration
        Lock icon High-speed train derailed north of France
        62 42 AFP photo FRANCE Rescue workers viewing the high-speed train which was derailed on Tuesday as it was travelling at 300 kph near Lille, north of France, on a newly-built line. All five coaches of the train stayed upright. Five people needed treatment. Officials said
        AFP photo  -  62 words
      • LOG BOOK
        • Article
          Lock icon Japanese firms in Boeing aircraft deal
          85 42 Bloomberg Business News TOKYO Five Japanese companies will participate in a Boeing Co project to develop a new passenger plane based on the US commercial jet manufacturer's best-selling 737, Nikkei English News said. Citing unnamed sources, it said the five companies were Mitsubishi Heavy
          Bloomberg Business News  -  85 words
        • Article
          Lock icon PWA Corp rejects Air Canada offer
          98 42 Reuter TORONTO PWA Corp said its board of directors had unanimously rejected Air Canada's latest offer to buy the international routes of PWA Corp unit Canadian Airlines. Last week, Air Canada sweetened its ofler to purchase Canadian's routes with more than Csl.l billion (SSI.3
          Reuter  -  98 words
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          Lock icon Japan's bullet train reaches 425 kph
          74 42 AFP TOKYO Japan's new generation Shinkansen bullet train reached a speed of 425 kph hour during test runs Tuesday, railway officials said. It was the second fastest time in the world, after France's high-speed TGV train which reached 515.3 kph in 1990. Tuesday's run
          AFP  -  74 words
        • Article
          Lock icon Pratt & Whitney, MTU to swop equity
          80 42 Pratt Whitney, MTU to swop equity Bloomberg Business News LONDON Daimler-Benz AG Group's Deutsche Aerospace and Pratt and Whitney of the US are linking their large commercial airline engine operations through an exchange of equity, Financial Times reported. Pratt and Whitney, a division of United Technology Corp, will take a
          Bloomberg Business News  -  80 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1767 42 City ngM IT* Flight ETB Mm Dhabi GA985 1420 Adelaide QF81 1930 QF82 2050 SQ228 2035 SQ25 0635 Amsterdam GA975 1140 KL838 2320 KL837 1540 SQ323 1815 SQ26 2359 Auckland NZ21 1710 BA11 1455 SQ288 2030 SQ286 2035 SQ288 2045 B Sen Begawan BI421 1105 SQ1«2
        1,767 words
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        Lock icon Detroit Diesel to assemble engines in Hungary with RABA
        311 42 Bloomberg Business News DETROIT Detroit Diesel Corp and Hungarian truck maker RABA have formed a 50-50 joint venture to assemble Detroit Diesel engines in Gyor, Hungary, starting immediately. The new company named RABA Detroit Diesel Hungary will assemble between 200 and
        Bloomberg Business News  -  311 words
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      8 23 Lubricant Valuable lessons from Denver airport, Pg 18
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      35 23 US aviation group unveils reform, Back Pg Lines and services represented by, Members ef the Registry ef Accredited (slffeftA* 1 Shipping Agents, Singapore National Shipping Association. nSSSv' For advertising enquiries, contact Shipping Times: Tel 740-2089/740-2090
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      137 23 the FAMOUS hwk/wmk ■ESEEIS 224 1833 For more information please refer to Pg. 13 g r l holy night. All is calm, all is bright. Round yon Virgin Mother and Child. Holy Infant, so tender and mild, Sleep in heavenly peace. Sleep in heavenly peace. Silent night, holy night, Sheperds
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      469 24 TSKLINE AGENCIES (S) PTE. LTD. TH w fmTfl Tel: 226-3363 nPHM 1 9 3 9 9 JLLNJc Tlx: RS *****/TSKSIN. TOICYO SENPAKU KAISHA, LTD. CR No: **********0N I I EXPORTS TO HOH6KOHG. MH£ TAIWAN j M "TIWCt Wtfldr 1 j—mm wi r» 1 -I"" "»~1 ACX LIT 0446 "20.12 "22.12
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      1408 24 ..ycr to uw T c T =f=j i CAIKORNW I UN* 62 *****2 141 17 1 HI Ml 18 1 111 HI 111 221 GCW*A *13<550| 30/12 13/1 17/1 20/1 21/1 23/1 211 25/1 I 26/1 20 1 23/1 I PAOfIC ARROW 0196 4 1 22 1 24 1 211
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      1707 25 oon rc\ pte LTD JARDINE SHIPPING AGENCIES JARDINE SHIPPING AGENCIES SDN. BHD. TFl^lifaiia FA)C *****42 SM PFIMG PETALING JAVA TEL: 03-*****76 FAX: 03-*****42 DOCUMENTATION TEL: *****55 (INWARD)/*****90 (OUTWARD) PENA NG TEL. *****4 CFS TEL: *****6 BOOKINGS TEL: *****60 *****81/ *****62 «POH TEL: *****3/4 I F/W M 2706 (OPNS) CFS (PSA
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      921 25 ■BIViHiHiIWH THE FINAL COUNTDOWN "MAERSK YEAR END LOADER 1993" TO USA DON'T MISS IT VESSEL DETAILS Vessel/Voyage N. SUN V.9347E ETA 31/12/93 ETD 31/12/93 OTHER AVAILABLE VESSELS: SL VOYAGER V.206E ETA SIN 26/12/93 MARIT MAERSK V.9402 ETA SIN 27/12/93 AXEL MAERSK V.9402 ETA SIN 29/12/93 For your BOOKINGS please call
      921 words
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      1620 26 AQABA R'DAM/ LE ALSO ACCEPTING FROM VESSEL VQY NO SPORE JEDOAH (VIA JED) S TON H BURG A WERP HAVRE WEST MALAYSIA HOECHST EXPRESS 12/350 25/12 3/1 9/1 12/1 15/1 17/1 19/1 Poft Kelang. Penang DANUBE 11/151 29/12 15/01 16/01 18/01 Pasir Gudang STUTTGART EXPRESS 01/351 1/1 10/1 16/1 19/1
      1,620 words
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      Page 26 Advertisements Column 2
      546 26 FCL Breakbulk Service to: AFGHANISTAN MAM Afghanistan Ltd., Sole Foreign Forwarder in Kabul for all services C.I.S.- Vostochny, Vladivostok, Moscow, Tashkent, Kiev, Minsk, Riga, Baku, Irkutsk, Alma Ata North Korea Vietnam Mongolia Hungary CSFR Poland FULL CONTAINER SERVICE TO NORTH/WEST AFRICA FEEDER VESSEL ETA SIN NED HOORN V.2463 28/12 NED
      546 words
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      1078 26 NORASIA 1 NORASIA MUBARAK 9350-3 29/12 19/01 22/01 23/01 23/01 24/01 25/01 26/01 27/01 28/01 L NORASIA AL-MANSOORAH 9351-3 04/01 26/01 29/01 30/01 30/01 31/01 01/02 02/02 03/02 04/02 L NORASIA PRINCESS 9401-3 12/01 02/02 05/02 06/02 06/02 07/02 08/02 09/02 10/02 11/02 NORASIA SUN 9402-3 19/01 09/02 12/02 13/02
      1,078 words
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      1809 27 rP IK STRAITS SHIPPING PTE LTD I MSgf 10 Hoe Chiang Road #11-01 Keppel Towers Singapore 0208 Tel: *****88 Fax: *****17 NEW QUtNfcft PAOMC UNI waUSUUSMMMMMmUUammSImMOMM oOBd <a service of chma navkutkjw co> accepts Vargy CM GO W* S«S STRAITS VENTURE V32E Muara. life 23-24 Dec 27 Dk 21 Ott
      1,809 words
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      Page 27 Advertisements Column 2
      2246 27 tkjTV SINGAPORE AGENT: 0 '^rw«r> PAO Containers (Singapore Agencies) Pte Ltd 1 iVI F 1 ICIj 10 Hoe Chiang Road #07-01 Keppe) Towers. Singapore 0208 i. w Je) 225 2233 Jetex RS ***** pNOCS p Fax 225 5327/222 7517 CR Number **********0Z EXPORT IMPORT IHL vor -PMQ "PUG MM ALG
      2,246 words
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      545 28 Pi 1 GENERAL AQENT C B NO: *****81-***** EKA JAYA AGENCIES V||f TEL: *****22 (8 LINES) FAX: *****05 SALES REPRESENTATIVES IN CHARGE rWYAmAfI TFWX PAfltn iHAHBfHQM/PUCT miMUB zmm MWHUM MAMOJ HO cm MWH CITY ►TO MYANMAR/YANGON"g SEMI CONTAINER jgfegjb M OCEANUWEB STOW TBN ~30 12 5/1 14/1 YANGON GEN. AGENT:
      545 words
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      740 28 HANJIN SHIPPING COUNTDOWN 1993 YEAR END LOADER TO USA LAST VESSEL/VOYAGE HANJIN HAMBURG VOI6E ETA 30th Dec '93 (1500hrs) Closing Time 29th Dec '93 (1730hrs) PLEASE CONTACT THE FOLLOWING PERSONS FOR ENQUIRIES BOOKINGS:— PUAL LIM DID *****26 PGR *****99 FREDERICK PHUA DID *****29 PGR *****48 RADIYAH DID *****35 NEVINE CHUAH
      740 words
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      Page 28 Advertisements Column 3
      1384 28 ■mi m I* I SMC MM7 2S/12 21/12 1/1 VI 7/1 lt/1 11/1 11/1 14/1 11/ l IVI ZS/1 1/2 11/2 12/2 22/2 21/2 24/2 2V2 2(/2 1/1 11/3 22/) 2J/J I GOME K tSI 4/1 VI 11/1 12/1 14/1 12/1 11/1 21/1 21/12 21/1 22/1 4/2 l«/ 2 11/2
      1,384 words
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      2362 29 II NORMANDIE BRIDGE 29W' eta SGP 25/12/93 H II Mg* H ETA RDM 10/01/94, FLX 11/01/94 BRE 13/01/94 LEH 15/01/94 HI ■I 11 *R1 Connecting MptHM Cyprtne OSE In HKG 08/01/94 HI r II *112 Connecting CaMfomU Saturn 82C In HKG B/0V94 H I EXPORT TO: PSW/PHW SINGAPORE CALIFORNIA EXPRESS
      2,362 words
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      Page 29 Advertisements Column 2
      1116 29 Q SINGAPORE SOVIET SHIPPING CO PRIVATE LTD CR NO: **********0/N ENQUIRIES: *****33 BOOKINGS: *****64, *****51, *****31, *****13 JSK BALTIC: iNMARO *****81 OUTWARD *****81 T/S *****77 MggOk BLASCO: INWARD *****79 OUTWARD *****80 T/S *****78 FESCO: BOOKINGS *****06 DOC *****07 B MARINE INSURANCE: INVENTORY: *****59 W M Vflll AGENTS: KL: 03-*****75/697 PKLG:
      1,116 words
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      1540 30 AS AGENTS: K" LIME (SINGAPORE) PTE LTO (CR No: **********0 M) TEL: *****77 TELEX: KAWAKI R*****5 FAX: *****16/7/8/9 I MALAYSIA: K" LINE MARITIME (MALAYSIA) SON BHD U TEL: SA *****00 PK *****75 PEN *****0 JB *****1 PGU *****5/6 1 ™INDONESIA: P.T. SARANA LAIIT INTERNUSA, TEL: JKT *****08 'f teeimvekel *oy
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      Page 30 Advertisements Column 2
      1025 30 PHI LI-ORIENT UN€S Pit LTD 108 Robinson Road #07-00 GMG Building Singapore 0106 1 Tel: *****22/*****69/*****00 Telex: RS ***** Fax: *****76/*****38 A MEMBER OF THE SINGAPORE FREIGHT FORWARDERS ASSOCIATION AUSTRALIA/NEW ZEALAND/SOUTH PACIFIC FCL/LCL SERVICE m 30 DEC SYDNEY. MELBOURNE. BRISBANE. FREMANTLE 25 DEC AUCKLAND. WELLINGTON. LYTTLETON, NEW PLYMOUTH. NAPIER. CHRISTCHURCH
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      939 31 (PACIFIC INTERNATIONAL LINES (PTE) LTD I oTozi-'co 140 Cecil Street, #03-00 PIL Building, Singapore 0106. I SBBSS> V OR NO: **********0E I VESSEL VOY SIN CMS JIB JED AQJ ADE HOD PZU ASA KOTA WIRAWAN WRNO37 29/1 3/2 10/2 15/2 15/2 12/2 14/2 17/2 21/2 KOTA WUAYA WJAO3S 30/12 4/1
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      Page 31 Advertisements Column 2
      1123 31 VfSSCLS VOT SPORE HAABURG ROTTERDAM ANTWERP THAMES II HAEtt ItLLAS MACEDOHA 9431W 23/12 20/01 22/01 23 01 24/C1 2</01 WLU D AQULA 7531W 21/1? 23/01 25/01 2«/0) 2«/01 30/01 WLLE DC TUCANA 9531W 03/01 27/01 29/91 30/01 31 01 0? gU DC LYRA 7731W 11/01 0* 02 0* 0? 07/0?
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      Page 31 Advertisements Column 3
      400 31 BSfl ii. M MYANMA XHHBk FIVE STAR LINE (Myanmar National Line) Loading for Yangon (Rangoon) S'poce P.Klj Pen P.Gdf PAGAN V2O4W 30/ 1 lan HPA-AN VI97W 5/ 7 Jan PAGAN *205* 17/19 lan MALAYSIA AGENTS BOUSTtAC SHPPMG AGENCES KU. 111 03 *****00 PH.: TEL 03-XK7t7 P0I: TU 04 *****b PGD
      400 words
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      Page 34 Advertisements Column 1
      2282 34 Full Container Liner Services Genera/ Sookmf Affix Gum Cum Shipping Sdn Bhd Chung Chipo SMwmg Sdn Bhd P.T. CloW Pirtri Indonesia Maritime Costar Shipping Pte Ltd a*, s* im I iHT NMCMMfef 15-00 Oweit Oiwtrr of Ci—trct *17 05/07 SdMgf Oam/ Ekuti lalau itja ChuUa, ***** H.L Tet (21) *****30
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      596 35 fit FAMOUS CONTAINER LINES 10 ANSON RD. #15-21 INTERNATIONAL PLAZA, S PORE 0207 HOT LINE: *****33 (24 LINES) GOTHENBURG/SCAN 27/12 ROTTERDAM 27/12 AARHUS/COPENHAGEN 27/12 HAMBURG/BREMEN 27/12 MARSEILLE/FRANCE 28/12 FEUXSTOWE/UK 25/12 BARCELONA/SPAIN 24/12 LEHAVRE/FRANCE 25/12 GENOA/ITALY 24/12 ANTWERP/BELGIUM 27/12 LOS ANGELES/WC/IPI 25/12 SYDNEY/MELBOURNE 28/12 NEW YORK/EC 30/12 FREMANTLE/ADELAIDE 24/12 VANCOUVER 29/12
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      Page 35 Advertisements Column 2
      996 35 1 1 Jft Tcaoct TVT 3W 1 VESSEL VOY SIN PEN CHAIYAJMIUM 11? Fri_ 24/12 Tua 28/12 DtjA BHUM 2205 Fri 24/12 SI 25/12 »|j| VESSEL VOY SIN BKK BHATWA WgJjj 09S Bat_ 2S/12 Wad 28/12 P PERKASA 13W Ffi 24/12 Tua 28/12 j^B VIRA BHUM 02M Ffi 24/12 Mon
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      Page 35 Advertisements Column 3
      588 35 Guaranteed Sailings to: BANGKOK *LAEM CHABANG JAKARTA PORT KELANG? •HO CHI MINH MANILA CEBU •SURABAYA PENANG HONGKONG We also serve other ports: USA, EUROPE, CHINA AND ALL DESTINATIONS^ 'i pi DONGNAMA LINES CONTAWStD OWYtCt BTRAITB/ILW/»4C/BgWN VESSU fw ns BLR W BSD WC HONGKONG GLOIY V3I3M 11/12 VI 4/1 14/1 lt/1
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      1657 36 |fcll|MN 66ntainer lines I bjv/VvnAgwits: MAC-NELB SPORE: *****22 (24 UNKB) UV iiiiifi SJBU (064) *****9 KUCHtNG (082) *****3 PENANQ: (04) *****6 BANGKOK (662) *****67 MANILA (632) *****61 KKELANQ: (03) *****77 JAKARTA: (21) *****07 SURABAYA; (81) *****0 I HKG/TWN/BKK GENOA/EUROPE PEN PKL SIN 5 SAILINGS/WEEK PEN PK SIN 24/12 25/12 26/12
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      Page 36 Advertisements Column 2
      179 36 SEAWARD SHIPPING AND TRADING CO (S) PTE LTD it* CIA U* srant port kujwe rtwwe an MR 3/1/94 lo«knt tor Mate RUVM HUM) SIM Dischnpnj and loadMf l<* Bom bay DOLPHN 21/12 Loading Fm Mak root sr»K is/i/94 Loadmf For Male UMDDH SMUD loadrnf For Malt moots LKirr n port
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      Page 36 Advertisements Column 3
      977 36 f JSL THONG SOON UNES PTE LTD 1 I 79 SHENTON #10-01, SINGAPORE 0207 I I VZ m 227-5088 FAX: 227-6011 I I TLX: RS ***** CARRER, RS ***** JENHOL CABLE: TOSOCO I SINGAPORE TO SARAWAK VESSEL VOY S'PORE DC ST VESSEL "vOT S PORE PEST EQUATOR JADE 9S/3E 25
      977 words
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      18 39 TIGERS Nobody covers East Asia like we do. The Region. Everyday. SINGAPORE rn Business Times Wg KNOW ASIA
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      57 39 f Hcwsebeper this O I I wants is me. Bub I'll never neglect I V -this House, baby J i Any Job. Any Career. Available Any Day. Any Time. Anywhere. The straits Times The Sunday Times Business Times The New Paper Lianhe Zaobao Lianhe wanbao Shin Min Daily News Berita
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  • Page 39 Miscellaneous
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      Page 39 Miscellaneous Column 1
      707 39 TODAY'S TIDES (height in metres) HOt* 0000 0100 0200 0300 0400 0500 0600 0700 0800 0900 1000 1100 1200 1300 1400 1500 1600 1700 1800 1900 2000 2100 2200 2300 1-2 1.3 1.4 1.7 2.0 2.2 2.3 2.4 2.3 2.0 1.1 1.5 1.3 17 1.3 1.3 1.5 1.6 1.7 1.1
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      473 40 J. VIGOUR PACIFIC LINES VESSEL VOYAGE I SINGAPORE MANILA VIGOUR SINGAPORE 69N8 T" 24 12/93 01 01 94 VIGOUR SINGAPORE 69ANB T 2 7...R93 T 01/01 94 1 LOAOVIG EVERY VIGOUR PACIFIC 9401N 31/12/93 08 01 94 FRDAY H® MONDAY VIGOUR PACIFIC 9401 AN I 03/01/94 M/ 01/94 PORT KLAWiS/PfeNANti
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      Page 40 Advertisements Column 2
      92 40 interoceanN LINE H.Q (KL) Tel: 03-*****34 (9 line*) Fix: 03-*****11/*****13 Penang Off- Tel: 04-*****1/*****1 Fax: 04-*****0 Ipoti Off Tel: 05-*****3/*****9 Fax: 05-*****4 ICI/FCI LOADING FOR AUSTRALIA SYD. MELB, ADE. BRIS, FREM. UK/EUROPE LE HVE. HBG, BREMEN. R'DAM. GENOA, ANTWERP, UK PORTS SCANDINAVIA USA WEST EAST COAST. GULF INLAND PORTS CANADA
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      Page 40 Advertisements Column 3
      287 40 ©APPENSHIP |2\ HAMBURG [T\J CONVENTIONAL A INDEPENDENT LINER SERVICE EUROPE TO SOUTH EAST ASIA AND FAR EAST KSSQS IOAOfC KITS DISCHARGE LOADING FOR FORUM AKASAKA ANTWERP OS. 11.93 In Port HARMOMY SEA 13.1193 In Port FRUTTION ANTWERP 23.11.93 SPORE 8/1 BKK 11/1 KOALA CONTAINER LINE STORE RX HAM ROT LEH
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      Page 40 Advertisements Column 4
      420 40 ■i cosco UKC CONVENTIONAL SERVICE VESSEL PKL PNG P.O. LOADING FOR: A VESSEL 28/12 Rotterdam/Antwerp CHINA CONVENTIONAL SERVICE VESSEL PKL PNG P G LOADING FOR: A VESSEL 15/12 20/12 Huangpu/Guangzftou COSCO FULL CONTAINER SERVICES (FCL/FCL) EXPORT TO: CHMA/BANGK OK/HONGKONG EUROPE/CONTMENTAL WEST MEDITERRANEAN AUSTRALIA US WEST COAST PERSIAN GULF/KARACHI Please refer
      420 words
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      931 41 A HYUNDAI I MERCHANT MARINE CO. LTD. WESTBOUND TO EUROPE BKG: *****61 VESSELS VOY I PWA I PKE I PGP I VESSELS VOY SIN RIM ANT* LEW HAM BREt PEL N0« MALACCA 9351 A 20/12 21/12 23/12 SI FREEDOM 308W 27/12 14/01 14/01 15/01 16/01 16/01 H/01 HM ADVANCE 034
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      Page 41 Advertisements Column 2
      478 41 STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS INBOUND VESSELS KSSU Nl V PI IK U CO9K TtMXt 42 a/12 N/12 SUI MUM 12 «/l 1/1 COSMIC HAS Til 12) 1/1 TtOM m 24/1 ustw n«i m 1/1 J/i lUSMR T24 11/12 2/1 HUB SRT 114 7/1 1/1 11/1
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      Page 41 Advertisements Column 3
      941 41 IMIII 111 VESSEL I VOY I SW ETA/D I LAX I OAK I CH 1 DAI HM/COl I HOU 1 NYC MOW MACKHAC BRPCE 73A 30-31/12 18/01 11/01 19/01 20/01 20/01 21/01 21/01 22/01 ALLIGATOR PRPE 4M Qt-07/01 23/01 25/01 tt/01 27/01 27/01 21/01 21/01 29/01 GEORGE WASHNGTON BR 75A
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