The Business Times, 28 December 1993

Microfilm: NL18968
Total Pages: 42
1 42 The Business Times
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  • Title Section
    Masthead
    12 1 Business Times WE KNOW ASIA MITA(P) 010/12/93 Tuesday December 28 1993 75*
    12 words
  • 2am LATEST
    • Article
      Lock icon Dow Jones up 26 points
      58 1 Reuter NEW YORK Wall Street stocks continued their rally in early afternoon trading yesterday. with oil and cyclical issues leading the way for blue chips. The Dow was up 26.27 points at 3.783.99 at Ipm EST. US Treasuries were narrowly mixed, with the long bond
      Reuter  -  58 words
    • Article
      Lock icon Rothmans unit in Myanmar venture
      69 1 Bloomberg Business News HONGKONG Rothmans (Far East) said in a statement yesterday that a unit of its Singapore subsidiary. Rothmans of Pall Mall (Singapore) Pte. has entered into a joint venture to manufacture and sell cigarettes in Myanmar. Rothmans Myanmar Holdings Pte will take a
      Bloomberg Business News  -  69 words
    • Article
      Lock icon Radio Shack goes to Russia
      58 1 Bloomberg Business News FORT WORTH. Texas Radio Shack, a division of Tandy Corp. said yesterday that it has signed an agreement with Trident Group Inc to distribute and market its consumer electronics products in Russia. The Trident Group, an international distribution company, will open its
      Bloomberg Business News  -  58 words
  • Article
    MARKET SUMMARY
    109 1 Stock market indices Monday Change STI1 2 J 78.43 +52.09 KLSE Composite...1.205 28 +26.82 Nikkei 16.819.88 -321.23 Hang Seng closed SET Index 1.608 12 -43 Jakarta Composite ...565.94 +5.14 CLSA China B closcd Aust All Ord closed FTSE 100 closed Monday Previous I pm close Dow Jones 3.783.99
    109 words
  • Article, Illustration
    Lock icon Nikkei setback fails to stop region's record-breaking run
    462 1  -  By Quak Hiang Whai SINGAPORE The bulls continued to rampage across Asia yesterday, pushing the Singapore, Malaysian, Thai and Philippine markets to record finishes. Regional exchanges shrugged off losses in Tokyo, where shares closed weaker because of disappointment with a new government
    Source: Bridge Info; Reuter  -  462 words
  • Article
    Lock icon Japanese firms expected to cut capital spending further
    448 1 Bloomberg Business News, Reuter, AFP TOKYO Japanese companies will continue to reduce capital spending on expectations that the country's economy will remain depressed, the Nihon Keizai newspaper reported yesterday. During the July-September period, major Japanese companies invested 12.27 trillion yen (*****.9 billion)
    Bloomberg Business News,; Reuter,; AFP  -  448 words
  • Article
    Lock icon Urban Indians think only a dictator can set country right
    309 1 Reuter NEW DELHI Most people in India's five major cities have scant respect for politicians, think the country needs a dictator and would rather work abroad, according to an opinion poll released yesterday. The survey by the Marketing and Research
    Reuter  -  309 words
  • Article
    Lock icon China threatens to sack all HK elected officials
    402 1 Reuter BEIJING China yesterday threatened to throw out all three tiers of Hongkong's elected government when it takes over the British colony in 1997. The threat by the Cabinet's Hongkong and Macau Affairs Office to sack elected District Board and Municipal Council
    Reuter  -  402 words
  • Article, Illustration
    Singapore architect to prepare masterplan for Hanoi town
    343 1  -  By Harish Mehta SINGAPORE Vietnam has asked Singapore architect and town planner Liu Thai Ker to prepare a masterplan for a new 37-hectare International Town in Hanoi for foreign embassies and international organisations. Mr Liu, a director of RSP Architects Planners and
    343 words
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      Page 1 Advertisements Column 1
      293 1 f Nikon I The World's Finest Photographic System H Sept# tf94ci *Het* Ifeax untA t&c S Wtofi Canwra Cmkv Mtz PMi #03-10 Centrepoint Tel: 733 3848/733 3868 p Thai-Singapore business council being planned Fresh initiatives to further strengthen Singapore-Thai relations are expected to follow from Prime Minister Goh Chok Tong's
      293 words
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      Page 1 Advertisements Column 2
      30 1 Property: p g 9 Johor landed property softening Subscribers who did not gel their Christmas Day edition of Business Times may call our toll-free Customer Relations line 1800-*****77 for assistance
      30 words
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      Page 1 Advertisements Column 3
      50 1 Hock IAKk Siew: pg 13 lii O H hy is MCL selling Ardn\ore Park? Full market reports. Pages 18-22 Rousing end to Manila market. Page 14 Analysts expect Wall Street bull market to take a break next year, Page 15 Harried Hosokawa takes the bull by the horns. Page 10
      50 words
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      Page 1 Advertisements Column 4
      86 1 Th? Bottom Line: Pg 12 Russia's obstacle to market system SCRIBE HAND-MADE BY BALLY SCRIBE IS Bally's exclusive collection of highly comfortable, hand-made welled shoes. They perfectly reflect Bally's total commitment to traditional craftsmanship. Each pair of Scribe shoes comes fitted with beech wood shoe trees, cotton bags, a twelve
      86 words
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      Page 1 Advertisements Column 5
      25 1 Nikonl The World's Finest Photographic System Jm\ tfo4Ci Hcma Ifcevi (At l|| NBhm Camara Caalra Sapar PMa M #03-26 Orchard Point Tel: 737 4481/734 *****
      25 words
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  • SINGAPORE NEWS
    • EYE on the ECONOMY
      • Article, Illustration
        Lock icon Wholesale prices stay flat
        286 2  -  By Teh Hooi Ling WHOLESALE priccs regained flat last month, latest figures from the Department of Statistics show. J- The manufactured products price index was 80.3 in November, almost unchanged from October. The index, which measures changes in the ex-facto-ry priccs of a range of local
        Source: Dept of Statistics  -  286 words
    • Article, Illustration
      Lock icon Thai-S'pore business council in the pipeline
      366 2  -  PM Goh's visit to Thailand Reports Loh Hui Yin in BANGKOK A MORE relaxed mood between Singapore and Thailand is taking the two Asean members into a new era of partnership. Fresh initiatives to further cement bilateral ties are likely to follow. Already on
      AFP  -  366 words
    • Article
      Call for linkage between Afta and Nafta
      273 2 THAILAND and Singapore have agreed that there should be some form of linkage between the fledgling Asean Free Trade Area (Afta) and the much bigger North American Free Trade Agreement (Nafta) to give Asean goods continued access to the important United States market.
      273 words
    • Article
      Brokers merge Singapore operations for synergy
      236 2  -  By Shiv Taneja SINGAPORE The Singapore arm of US-based investment banker and broker Smith Barney Shearson has merged with local broker Hoare Govett Securities to form Smith Barney Shearson HG Asia. The merger follows the acquisition this year by Smith Barney of a 20
      236 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      260 2 r MEN S WEAR SHOwmeoFF COMES NAWRALLY WHEN YOU LOOK** THIS GOOD! When you're overweight, there's a tendency to hide in the #XaJ^ background. But after FMS at Marie France, you can't resist being in full view! Some might call it showing off, but it's only mm Natural when you
      260 words
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      Page 2 Advertisements Column 2
      465 2 Hfntm bnJtati* WO Srnn First to murrfknou "Winging H Chip! and Technulog? AcaUfiwm I J >.* S With Wingine Technology, you can open Windows applications up to 10 times (aster. With Windows, accessing a superior graphics Performance Comparison of Standard ISA, Local Bus and environment became much easier. It was
      465 words
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  • THE REGION
    • Article, Illustration
      Lock icon Vietnam opens bidding for three unproven oil fields
      428 3  -  By Harish Mehta SINGAPORE Vietnam has opened bidding by foreign oil explorers for three unproven fields off the country's southern coast. The blocks, in the Gulf of Thailand, each measure about 6,000 sq km. The state oil firm Petrovietnam has just started
      Source: Petrovietnam  -  428 words
    • Article
      Lock icon Thai legislators call for block on Myanmar's Asean bid
      177 3 AFP BANGKOK A Thai parliamentary committee has called on its counteiparts in other member countries to head off a bid by Myanmar to join the Association of South-east Asian Nations (Asean), an official said yesterday. In a letter to four Asean
      AFP  -  177 words
    • Article
      Bank of Thailand official denies baht devaluation
      194 3 BANGKOK A Bank of Thailand official denied yesterday that there was any likelihood of a baht devaluation in the foreseeable future, the Bangkok Post reported. "The exchange rate is not an issue," said Bandid Nijathaworn, deputy director of the central bank's Economic Research
      194 words
    • Article
      Lock icon KL to take legal action against defiant high-rise developers
      268 3 Bernama KUALA LUMPUR Legal action will be taken against developers who defy the cabinet's order to stop construction work on all high-rise projects in hilly areas and ex-mining land. Law Minister Syed Hamid Albar said yesterday. "There are sufficient laws that
      Bernama  -  268 words
    • Article, Illustration
      Lock icon Malaysia's mousedeer to sprint off assembly line in July
      435 3 AFP, Bernama KUALA LUMPUR Mousedeer will sprint off the assembly line in July. Malaysian officials said yesterday. Mousedeer, "Kancil" in Malay, is Malaysia's second national car, a vehicle modelled on an updated version of Japan's Daihatsu Mira. The car is named
      AFP,; Bernama; Reuter  -  435 words
    • ASIA NOTES
      • Article
        Lock icon KL firm gets Myanmar tourism project
        70 4 AFP KUALA LUMPUR A Malaysian company, Atlantic Outline Capital, has received the nod from Myanmese authorities for a major tourism project on an island off the southern tip ofT Myanmar, according to press reports yesterday. The company said its wholly-owned Atlantic Outline Myanmar, will
        AFP  -  70 words
      • Article
        Lock icon Indon firms for privatisation move
        103 4 AFP JAKARTA The Indonesian government has set up a team to scrutinise the performance of 28 state firms under the industry ministry to determine whether they could be privatised, the Kompas daily said yesterday. It quoted Industry Minister Tungky Ariwibowo as having said the team
        AFP  -  103 words
      • Article
        Lock icon Thai firms under tax fraud probe
        83 4 AFP BANGKOK More than 400 Thai companies are being investigated by police in connection with a million-dollar tax fraud scheme, a local daily reported on Sunday. Police announced they were examining records from companies they suspected had falsified data on tax forms over the
        AFP  -  83 words
    • Article
      Lock icon Japan's exports of consumer electronics declining rapidly
      516 4 NYT TOKYO Japan's output and export of consumer electronics products are shrinking rapidly, says the Electronics Industry Association of Japan. New figures show that the nation is having difficulty retaining its manufacturing base for colour televisions, compact disc players, video-cassette recorders and other
      NYT  -  516 words
    • Article
      Lock icon Tokyo wants to scrap accord favouring US contractors
      163 4 AFP TOKYO In opening its construction market, Japan proposed to scrap an accord with the US which favoured American builders when bidding for large public works contracts, the Nihon Keizai Shimbun said yesterday. The economic daily said Japan's plan to gradually abolish
      AFP  -  163 words
    • Article
      Lock icon Indian papers back finance minister over scandal
      455 4 Reuter NEW DELHI India's top English-language newspapers told Prime Minister P V Narasimha Rao yesterday to reject a resignation offer by Finance Minister Manmohan Singh, architect of the country's radical economic reform programme. Editorial writers joined the chorus from business leaders urging rejection
      Reuter  -  455 words
    • Article, Illustration
      Lock icon Jiang role-plays at Mao's centenary
      421 4 AFP BEIJING Jiang Zemin's starring role in Sunday's celebrations to mark Mao Zedong's centenary gave the Chinese head of state and party chief maximum opportunity to play the role of paramount-ieader-in-waiting. "It really was like a coronation ahead of schedule," a western diplomat said yesterday,
      AFP  -  421 words
    • Article
      Lock icon Court gives Muramoto second chance
      230 4 Reuter Bloomberg Business News TOKYO Muramoto Construction Co Ltd. Japan's largest company to become insolvent. has received court approval to restructure. Muramoto. based in Nara prefecture in western Japan, filed for court protection from creditors on Nov I with 530 billion yen (557.6 billion) in
      Reuter; Bloomberg Business News  -  230 words
    • Article
      Lock icon HK plans to allow hiring of China professionals
      238 4 AFP HONGKONG The colony is planning to allow professionals from China to work and eventually settle here, an official said yesterday. The new scheme, which Security Branch officials are studying, will allow top professionals from China to come to the territory, but
      AFP  -  238 words
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      Page 3 Advertisements Column 1
      152 3 rliPajpk* 1 ml\i iMMtMtWmmmmmmm' faVM»/■ 1 lV P^HBgP|||jjp|jj|^ Discreetly. As you would expect of the world's bred technology with the refinement of traditional and comfort. Equally reassuring is the 3 year Jaguar most sought-after marque, the luxury and British craftsmanship. Subtle improvements now warranty, plus our free 3 year maintenance
      152 words
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  • THE WORLD
    • Article
      Lock icon US sails out of doldrums with strong year-end data
      579 5 Economic momentum is sustainable, say analysts Reuter NEW YORK All cylinders appear to be firing in the United States economy in the final days of 1993, and economists say the strong performance should carry into the new year, albeit at a
      Reuter  -  579 words
    • Article
      Lock icon French firms expected to excel in '94
      410 5 Reuter PARIS French company profits arc expected to rise strongly in 1994. mainly due to falling interest rates and a moderate increase in wages, analysts say. These expectations pushed the Paris bourse CAC-40 index to a record closing high of 2,251.48 points last
      Reuter  -  410 words
    • Article
      Lock icon US companies getting around sanctions: report
      227 5 AP NEW YORK Rules governing American trade sanctions are so loose that corporations arc able to get around them to do business with Cuba and Libya, the AW York Times reported yesterday. The newspaper says corporations use their foreign subsidiaries to take advantage of
      AP  -  227 words
    • WORLD WATCH
      • Article
        Lock icon Saudis move towards political reform
        66 5 Reuter DUBAI King Fahd is due to convene Saudi Arabia's appointed Shura (consultative) Council this week in the kingdom's first major step towards political reform. Official sources and Western diplomats in Riyadh said the king was expected to hold the first session of the 60-member
        Reuter  -  66 words
      • Article, Illustration
        Lock icon The rain in Spain is sport's bane
        47 5 AFP PAMPLONA, Spain No, it's not a swimming pool. This lake-like arena is the La Magdalena sports stadium in Pamplona which was totally flooded by heavy rain at the weekend. The wet weather hit many regions in northern Spain. AFP
        AFP  -  47 words
      • Article
        Lock icon Kohl to push Nato for East security
        79 5 Reuter BONN German Chancellor Helmut Kohl said on Sunday that he would push Nato next year to provide formerly Communist East European countries with a sense of security. Mr Kohl said in an interview with the Frankfurter Allf>emeine Sonntaxszeitung newspaper that the recent
        Reuter  -  79 words
      • Article
        Lock icon Swiss GDP to grow 1.8pc: UBS
        85 5 Reuter ZURICH Switzerland's gross domestic product (GDP) should expand by 1.8 per cent in 1995 as cuts in interest rates since mid-1992 stimulate higher investment in construction and new machinery, says a leading Swiss bank. The Union Bank of Switzerland said in its latest
        Reuter  -  85 words
    • Article
      Lock icon Economists move to centre stage at drug firms
      412 5 Reuter LONDON Some of the best-paid researchers in drug companies today are not scientists but economists. The number of "health economists", whose job is to assess the costs and benefits of therapies, is growing fast as firms seek to prove that new
      Reuter  -  412 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      149 5 a- nLi "THANKS TO SIA CARGO 800,000 LIVE TROPICAL FISH SAFELY TAKE TO THE AIR EVERY WEEK/' MR PATRICK CHIN CHAIRMAN Of SUNBEAM AQUARIUM PTE LTD "Flying 800.000 live tropical fish 35,000 feet They also provide the perfect temperature- You know, sometimes it can really make above sea level safely
      149 words
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  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      774 6 Nothing Beats A Bud, Qg E*****9^SHU^BSEQ|j lUachine A good reason to visit Mischief the fun pub: From spm to Bpm daily, beer and house pouring drinks are at only $3.50++ each. Mischief Is open from 11 am to lam daily fTL (till Sam on Fridays, Saturdays Mf eve P ub
      774 words
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      Page 6 Advertisements Column 2
      285 6 WHERE TO WINE, DINE AND ENTERTAIN n y X I Plaza Hotel L '94 i_ New Year's I)a^ S BWAY r •53^* 4Jrink.K ♦/V Rntertujrfmenl h btfHirO Attack'. >A "X $>()++ V /.</ drink. v > JjAtfßiuitiiM* Enterhu/jmXt! by IW.W.«> jrfy 'IPr^ 1 $)s++M'ith I.'t dri\k- v |I Plaza Hotel
      285 words
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      Page 6 Advertisements Column 3
      422 6 Delectable Yoag Do«-Fi Buffet at <-** Chatterbox every Sat ard ay and Sunday. 12.30 pa to 5 pn 914.50 per peraoa M.so+ per child (below 10 jrn) Mezzanne Sumptuous Continental fc Local Afternoon Tea spread at Mezzanine Lounge. Daily. 2 pm to f pa $14.00 per person $10.00++ per child
      422 words
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  • LIFESTYLE
    • Article, Illustration
      Lock icon People who have tickets are the luckiest people
      803 7  -  Barbra Streisand will be performing to sell-out crowds in Las Vegas. Little wonder Vernon Silver says Vernon Silver NYT MIKE Myers says that Linda Richman, his character from the Coffee Talk skits on Saturday Night Live, is all "farklempt" about seeing Barbra
      NYT  -  803 words
    • Article, Illustration
      Lock icon Bill Gates' wedding set for Jan 9
      352 7 CHATTERBOX Reuter AP AP AP THE rumour around Microsoft in Medford, Washington, is that the boss, founder William Gates 111, is tying the knot with his long-playing fiancee. Melinda French, on Jan 9 in a very hush-hush ceremony. French, 28, is a product
      Reuter; AP  -  352 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      279 7 Come for dinner and stay till next year. On New Year's Eve, Capers offers a traditional dinner menu for only $65 per adult and $35 per child. For a truly sumptuous 7-course feast including champagne, reserve a table at Maxim's for only %225** per person. Call 733 8888 today. the
      279 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      1142 7 TV RADIO •iTT7W!TTTTr^S A drama centring around an A classic tribute to the Gibb brothers tonight in amusing farce about an English Music Motion, 12.15 am, SBC 5 art appraiser who is sent to buy a long-lost Renoir from a fami- 9-30 A Kind Of Magic 7.00 Regional Mews (C).
      1,142 words
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  • SPORTS
    • Article, Illustration
      Lock icon On a sub-zero day, Jets' place-kicker Blanchard was coldest of all
      903 8  -  By Dave Anderson NYT NEW YORK For the Jets, it was their coldest game ever. \ri(i almost one of their proudest ever. Almost. Never before had the Jets played with the windchill factor at 28 degrees below zero, as
      NYT; Reuter  -  903 words
    • Article
      Lock icon Reserve player Gilliam finds the net for Nets
      457 8 AP EAST RUTHERFORD, New Jersey Armon Gilliam, starting because of Derrick Coleman's Illness, had 18 points and 13 rebounds on Sunday night in the Nets' 91-87 victory over Atlanta. It was the fourth straight home victory for the Nets, who played without
      AP  -  457 words
    • Article, Illustration
      Lock icon Clwyd sinks as gales hit Sydney-to-Hobart yacht race
      425 8 Reuter. AP SYDNEY The Sydney-to-Hobart ocean yacht race hit rough weather yesterday and one boat sank, the first to go down in the event's 49-year history. All seven crew members of the 10.8 m Clwyd from Tasmania were rescued after it sank
      Reuter.; AP; Reuter  -  425 words
    • SPORT SHORTS
      • Article, Illustration
        Lock icon American Football
        72 8 Reuter WASHINGTON Results of games played on Sunday: Cincinnati 21. Atlanta 17; Detroit 20. Chicago 14; New England 38. Indianapolis 0; Green Bay 28. Los Angeles Raiders 0; Philadelphia 37, New Orleans 26; Buffalo 16. New York Jets 14; Seattle 16. Pittsburgh 6; Cleveland 42. Los Angeles Rams
        Reuter  -  72 words
      • Article, Illustration
        Lock icon Basketball
        45 8 Reuter NEW YORK Results of games played on Sunday: Cleveland 107 Indiana 103 (OT); New Jersey 91 Atlanta 87; Miami 109 Sacramento 95; Golden State 108 Portland 106 (OT); San Antonio 99 Boston 85; Denver 100 Minnesota 97; Houston 118 LA Lakers 93 Reuter
        Reuter  -  45 words
      • Article, Illustration
        Lock icon Cricket
        90 8 AP MELBOURNE Continuing rain washed out the second day of the first Test between Australia and South Africa at the Melbourne Cricket Ground yesterday, leaving officials facing financial losses of up to US$5OO,OOO (*****.000). Umpires Darrell Hair and Terry Prue abandoned the second day of play mid-afternoon without Australia
        AP  -  90 words
      • Article, Illustration
        Lock icon Tennis
        117 8 AP MELBOURNE Two days of torrential rain forced the organisers of the Colonial Classic tournament yesterday to switch venues and consider extending the exhibition for a further day. No play was possible Sunday or yesterday on the grass courts at Kooyong. forcing tournament director Colin Stubs to move the
        AP  -  117 words
      • Article
        Lock icon Winter games
        75 8 AP ST PETERSBURG, Russia Olympic champions Yekaterina Gordceva and Sergei Grinkov became Russia's pairs figure skating champions after winning the freestyle contest on Sundav. Gordeeva and Grinkov are coached by Vladimir Zakharov, and their programme was prepared by the former Central Army Club figure skater. Manna Zuyeva. Top-seeded
        AP  -  75 words
      • Article, Illustration
        Lock icon Ice hockey
        48 8 Reuter NEW YORK Results of games played on Sunday: Hartford 3 Ottawa 2 (OT); NY Islanders 4 Buffalo 3 (OT); St Louis 3 Chicago 2: NY Rangers 8 New Jersey 3; Florida 3 Tampa bay 1; Washington 7 Pittsburgh 3; Los Angeles 3 Anaheim 2 Reuter
        Reuter  -  48 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
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      114 words
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      Page 8 Advertisements Column 2
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      196 words
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      50 8 VICKERS BALLAS HOLDINGS RESULTS K)R SHARE APPOINTS Call the Stocks Shares Hotline for Number of shares allocated (Securities Account No. required) Information on new share issues Hot Shares of the week How to go scripless. Calls are charged at 50 cents a minute. Organised by INFsiiJine An SPH AudioTex Service
      50 words
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  • PROPERTY & CONSTRUCTION
    • Article, Illustration
      JB landed property market softening: analyst
      424 9  -  But outlook for condos still solid, reports Abdul Hadhi Abdul Hadhi AFTER almost five years of strong growth, the landed property market in Johor Baru will ease over the next three years, says a leading Malaysian property analyst. Rahim Co Research says in a
      424 words
    • Article
      Lock icon HK home prices, rents are set to soar, say analysts
      278 9 Bloomberg Business News THE record price paid by the region's real estate magnates for a piece of residential land in Hongkong at auction earlier this week will be justified as home prices and rents continue to soar, say analysts. Robert
      Bloomberg Business News  -  278 words
    • Article
      PROPERTY WATCH
      311 9 Jones Lang $fsWootton Selected market transactions in the past week vptjirWvl* PWVATE Dec 18,1993 0512 j Faber Hifc Condo Apt J1808 FH 680,000 376 Dec 16,1993 f 0922 CaimhiH Plaza Apt 2820* FH 1,142,000 405 Dec 16,1993 0922 Hill Court Apt 2023 FH 961,000 475 Dec 17,1993 j
      311 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      201 9 5527,000 for DSL6OO ml The Wonder Workers. For You, By DAEWOO If you want to get the most out of |f| w^en comes time for service your investment in earth moving I Jk you can rest assured your DAEWOO equipment look no further than ll 1 3 Skid Steer Loader
      201 words
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      Page 9 Advertisements Column 2
      21 9 Difficulty in getting a copy of Her World, Go, Singapore Business, Home Decor.Young Parents? Call 1800-749-2577 for locations of nearest newstands.
      21 words
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      Page 9 Advertisements Column 3
      359 9 Dl 5 SIGLAP VICINITY OFF UPP. EAST COAST RD Residential Development Site Lots 3748, 6664 2953. MK 21 Atjalanjanial Total Site Area: 3,058.7 sq.m (32,923 sq.ft.) approx. FREEHOLD. Vacant possession Density 245ppba. Micro Zoning -Up to 4-storey development Certificate of Title VoL 115 FoL 136 Vol 346 FoL 140 Closing
      359 words
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  • Article
    China fastens its seat belt
    513 10 EDITORIAL THE WARNING by Chinese President and Communist Party chief Jiang Zemin of a possible social upheaval in the wake of faster economic reforms in the coming year is a reconfirmation if this were ever needed that China's high-flying economy, which has grown at a
    513 words
  • WHAT THE OTHERS SAY
    • Article
      No arms to Khmer Rouge
      243 10 RECONCILIATION between the Cambodian People's Pafty (CPP) and the United National Front (Funcinpec), the two leading political forces, has proceeded remarkably well since the elections in May. But long-term stability has not been secured because the Khmer Rouge, which boycotted the polls and tried to
      243 words
    • Article
      Tackle higher COEs sensibly
      196 10 THE RISE in vehicle Certificate of Entitlement (COE) prices has alarmed many Singaporeans including the various chambers of commerce, which have issued an appeal to the government. While there are good reasons for being alarmed because the increase will raise the costs of doing business, the
      196 words
    • Article
      Wider horizons, higher standards
      233 10 IN CONJUNCTION with the move to corporatise the Singapore Broadcasting Corporation (SBC) at the end of next year, the government plans to set up a new regulatory body called the Singapore Broadcasting Authority, to control the quantity and quality of new channels. While opening our doors
      233 words
    • Article
      Money well spent
      230 10 THE MTR's plan to spend HK$B billion over the next seven years to improve services, increase train frequencies and relieve congestion on the Nathan Road corridor should come as welcome news to all users of Hongkong's underground railway. Carping at the fact that passengers will have to
      230 words
    • Article
      Going for gold
      168 10 A VITAL INGREDIENT which will ensure that we keep our competitive edge is research and development. Minister of International Trade and Industry Rafidah Aziz said recently that Malaysian businessmen must not rely only on comparative advantages due to the availability of natural sources but should also rely
      168 words
    • Article
      Stale smell of dead apartheid
      229 10 HISTORY BOOKS will mark Dec 22 as the formal demise of apartheid, when the South African Parliament rescinded the system of white rule it spelled out in 1948 and voted itself out of office. This little bit of history has been three years in the
      229 words
  • Article, Illustration
    Harried Hosokawa takes the bull by the horns
    1050 10  -  With his popularity sliding, the Japanese prime minister has created a new body to coordinate economic policy within his coalition. Anthony Rowley reports Anthony Rowley The writer is BT's Tokyo Correspondent FACED with increasing political assaults on his coalition government amid signs
    1,050 words
  • Page 10 Advertisements
  • Page 10 Miscellaneous
    • Miscellaneous
      Page 10 Miscellaneous Column 1
      37 10 ONLY OfJC THIMG TO D 0... LOON'T S£ rO\JCH lOORK DON£_ i CBM T Believe |T i'u P»»JO4 this HEKE. TOCAY ionx 2.500 ux\s-r£/hPtR STotCM wy w THIS e*vs«eTS THE_ rviovc. C AJIOOArtO Mtws**«*s LTD T o£l
      37 words
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  • ANALYSIS
    • Article, Illustration
      Bumpy road ahead for European retirees
      996 11  -  Fifty years ago, 10 workers supported every retiree in Europe. By 2020, there will be just three workers to pay for every pensioner. As the well dries up, Paula Dwyer reports how European policymakers plan to cope with this looming dilemma. Paula Dwyer IT'S
      996 words
    • Article
      Lock icon Deng, for things material; Mao, for things spiritual
      992 11  -  With the gap between haves and have-nots widening, today's China isn't what Mao had in mind, says Dan Biers Dan Biers AP WITH A red carnation on each table and imported crystal chandeliers overhead, the Dream Shanghai restaurant is a popular haunt
      AP  -  992 words
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      Page 11 Advertisements Column 1
      270 11 Celebrate the Holidays with a sumptuous feast at Kublai Khan Mongolian Restaurant.^ TJ Feel the difference Holiday Mood and get more buffet varieties to choose A ArtD Pre-Christmas Christmas Eve Christmas Buffet Dinner Buffet Dinner Buffet Lunch vgjttß |A<i (16 1293t023 1293) (24.U.93) (25.L2.93) /w AduTTs22++ New Year B Eve
      270 words
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  • Article
    Lock icon Shanghai promises foreign banks renminbi business
    557 12 Reuter, Bloomberg Business News SHANGHAI Shanghai has promised five foreign banks limited access to local currency business, drawing a cautious welcome from those selected but anger from those left out. Foreign banks have been battling Chinese authorities for years for permission to handle renminbi
    Reuter,; Bloomberg Business News  -  557 words
  • Article, Illustration
    Lock icon Ramos in drive to improve waste management
    48 12 Reuter MANILA Philippine President Fidel Ramos driving one of 131 garbage trucks which the Japan International Cooperation Agency donated during the turnover ceremony held in Manila Rizal park yesterday. The donation aims to support a programme to improve waste management. Reuter
    Reuter  -  48 words
  • Article
    Lock icon Bribery, neglect led to Shenzhen toy factory fire, says trade union
    270 12 Bloomberg Business News BEIJING China's top trade union body has recommended severe punishment for managers and officials involved in a saga of bribery and negligence which led to 84 deaths in a toy factory blaze mid-last month, the official
    Bloomberg Business News  -  270 words
  • Article
    Lock icon English back as medium of instruction in Malaysian universities
    197 12 AFP KUALA LUMPUR The Malaysian government has decided to reintroduce English as a medium of instruction in universities and other institutions of higher learning. Prime Minister Mahathir Mohamad said yesterday. "We have to be pragmatic. We will use English where necessary
    AFP  -  197 words
  • Article
    Lock icon Clinton to visit Russia in January
    100 12 Reuter MOSCOW US President Bill Clinton will visit Russia from Jan 12-15. the press service of Russian President Boris Yeltsin said. A statement said the two leaders would discuss bilateral relations, control over nuclear arms and regional conflicts. It is the second summit meeting
    Reuter  -  100 words
  • Article, Illustration
    Lock icon Hosokawa ranks 92nd on list of richest Lower House members
    370 12 UPI TOKYO Japanese Prime Minister Morihiro Hosokawa, who has staked his political future on reforming Japan's money-powered politics, was No 92 on a list of the richest members of the powerful House of Representatives yesterday. The richest lawmaker in Japan
    UPI  -  370 words
  • Article
    Lock icon Share restrictions on S Korean firms lifted
    268 12 AFP SEOUL South Korea yesterday freed eonglomerates from restrictions on buying shares and land as President Kim Young Sam called for bold deregulation to prepare local firms for post-Uruguay Round competition. The Finance Ministry said that as of Jan 20, all but the
    AFP  -  268 words
  • Article, Illustration
    Russia's obstacle to market system a political one
    637 12  -  The Bottom Line REGINALD DALE REGINALD DALE The writer is a columnist with the International Herald Tribune, where this commentary first appeared. WHEN the Iron Curtain parted. grim warnings went out from Western economists. The ominous theme of the day was that
    637 words
  • Article
    Lock icon US mutual funds may slow down next year
    144 12 Reuter NEW YORK After record sales and unusually robust returns from many US mutual funds this year, the industry should see a pullback in 1994 amid expectations of higher rates and a correction in US stock prices, fund managers said. With US
    Reuter  -  144 words
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      Page 12 Advertisements Column 2
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      105 words
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  • COMPANIES & MARKETS
    • Article
      Orchard Parade results to reflect $18m profit from condo sale
      343 13  -  By Quak Hiang Whai SINGAPORE Orchard Parade Holdings, the listed hotel and property group controlled by Ng Teng Fong. will include an $18 million pre-tax profit from the sale of its West Bay Condominium project in its 1993 financial results.
      343 words
    • Article
      Metalock posts 74pc fall in operating profit
      203 13 SINGAPORE Tough competition and slack demand in the marine industry has led to a sharp drop in profit for Ses-daq-listed Metalock. The group yesterday reported a 73.9 per cent fall in operating profit after tax to $442,000 for the six months to Sep
      203 words
    • Article
      Horiguchi Engineering sets up joint venture in Java
      223 13  -  By Shiv Taneja SINGAPORE In its second Indonesian foray, Horiguchi Engineering has signed a joint venture agreement with a Japanese trading house and two Indonesian companies to set up a company at Karawang International Industrial City in Java. Horiguchi has signed with
      223 words
    • Article, Illustration
      Why is MCL selling Ardmore Park?
      1041 13  -  By Lee Han Shih SINGAPORE Take two condominiums. One is under construction at the far end of Bukit Timah. near the Yeo Hiap Seng factory. The other, newly refurbished, is 20 years old and is a stroll from Orchard Road. Both have freehold titles
      1,041 words
    • Article
      HTP Holdings posts 24pc drop in after-tax earnings
      300 13  -  Performance hit by lower interest rates By Joseph Rajendran SINGAPORE Investment firm HTP Holdings Ltd. which was recently a takeover target of the powerful China Everbright Holdings, has reported lower interim sales and profits. The group reported a 23.9 per cent drop
      300 words
    • Article
      Windfall for some firms as KL govt clears land for new airport
      373 13  -  By Ven Sreenivasan SINGAPORE The Malaysian government is reported to have begun acquiring land in the Sepang district for building the new Kuala Lumpur International Airport and the adjacent townships. And several plantation companies stand to win lucrative
      373 words
    • Article, Illustration
      Lock icon SUMMARY
      351 13 Source: Bridge Info Performance of STII's l!»dex stocks Dec 27 Last Smm IWet Slock tale Chge factor aotm <S) (i) Avimo 2.170 0060 134 169 C*C 8 850 0.250 5 46 7 04 CWT 3 000 -0.100 1.85 -2 82 Ceretoos 7 900 0 300 4 87 8 45
      Source: Bridge Info  -  351 words
    • COMPANIES
      • COMPANY BRIEFS
        • Article
          Scripless trading for UIC from Feb 3
          39 14 SINGAPORE United Industrial Corp will go scripless on Feb 3. Shareholders are advised to deposit their shares with the Central Depository directly, or through member firms, between Jan 7 and Feb 2.
          39 words
        • Article
          Cum-dividend trading for F&N
          43 14 SINGAPORE Fraser Neave said its shares are being traded cum-dividend until Feb 9. They will be traded ex-dividend between Feb 14 and Feb 16. A final dividend of seven cents a share will be fully paid on Feb 25.
          43 words
        • Article
          Orix group sells 2.4m UOL shares
          43 14 SINGAPORE The Orix group sold 2.4 million shares in United Overseas Land for a total consideration of $5.36 million on Dec 24. This reduces Orix' stake in the company to 10.59 per cent, from 11.07 per cent.
          43 words
        • Article
          Hong Fok general manager to quit
          57 14 SINGAPORE Hong Fok said general manager Lim Poh Guan will resign with effect from Jan I. He will also step down from six subsidiaries. Meanwhile, the registered office of Hong Fok and its subsidiaries will be changed to 300 Beach Road #41-00, The Concourse,
          57 words
        • Article
          DBS Land issues 1.09m shares
          40 14 SINGAPORE DBS Land has told the Stock Exchange of Singapore that it has issued a further 1.089 million ordinary shares arising from the exercise of 1.089 million warrants. The move took effect on Dec 24.
          40 words
        • Article
          Lock icon Linatex shareholders approve deals
          66 14 Bernama KUALA LUMPUR Linatex Process Rubber Bhd's shareholders yesterday approved the proposed sale of assets and business for M 538.5 million (5523.9 million), the acquisition of 20 million shares in Phileo Peregrine Securities Sdn Bhd for Msl6o million, an increase in authorised share capital, a name
          Bernama  -  66 words
        • Article
          Lock icon Approval for Bank Islam land buy
          87 14 Bernama KUALA LUMPUR Bank Islam Malaysia Bhd said that Bank Negara has approved its application to acquire land in Jalan Tun Razak for its headquarters, but subject to three conditions. The conditions are: the plan and cost of construction of its headquarters building must
          Bernama  -  87 words
        • Article
          Lock icon Gamuda optimistic of new contracts
          76 14 Bernama KUALA LUMPUR Gamuda Bhd is optimistic of continuing its growth and profitability in the current financial year by securing new contracts. Chairman Talha bin Mohd Hashim said in the company's 1993 annual report that Gamuda, which is into the business of civil engineering construction,
          Bernama  -  76 words
      • Article
        Lock icon Renong takeover would benefit Park May: broker
        166 14 Bernama KUALA LUMPUR Renong Bhd's takeover offer for Park May Bhd presents long-term opportunities for Park May although it does not appear attractive to the company's minority shareholders, according to TA Securities Sdn Bhd. The stockbroking firm said Park May's growth in the
        Bernama  -  166 words
      • Article, Illustration
        Lock icon Manila bourses celebrate after posting region's best gains for year
        811 14 MARKET WATCH Reuter MANILA Jubilant brokers broke into wild applause as Manila's two stock exchanges wound up before Christmas with record highs capping a phenomenal year. They left on holiday knowing they were sitting on one of the best performing
        Reuter; Source: Bridge Info  -  811 words
      • Article
        Lock icon 1993 sees several new regulations on KL bourse
        439 14 MBT KUALA LUMPUR In a year of record performance, the Kuala Lumpur Stock Exchange (KLSE) introduced some new systems and regulations to ensure that the market not only sustain its growth but also that it do so in an orderly manner. New
        MBT  -  439 words
      • Article
        Thai firms in deal to buy 65pc of Bangkok Expressway: report
        433 14 BANGKOK An in-princi-ple agreement has been reached between Kumagai Gumi and Ch Kamchang on the purchase of 65 per cent of Bangkok Expressway Co Ltd (BECL), according to The Bangkok Post. The agreement was reached at recent talks between
        433 words
      • Article
        Lock icon Philip Morris fuming over fake Marlboros in Vietnam
        214 14 AFP HANOI US food and tobacco giant Philip Morris has protested against the illegal production of Marlboro cigarettes in Vietnam, according to a news report. The trade union newspaper Lao Dong, in its latest edition received here yesterday, said a lawyer for
        AFP  -  214 words
      • Article
        Lock icon Rothmans (M) seen as a long-term buy
        206 14 Bernama KUALA LUMPUR TA Securities recommends a strong long-term buy for Rothmans of Pall Mall (Malaysia) Bhd as it is fundamentally strong and financially sound. Technically, the company's share price was firm at its current level, it said, adding that the upside potential
        Bernama  -  206 words
      • Article
        UNIT TRUSTS & FUNDS
        525 14 UNIT TRUSTS FUNDS Maaaflw*' prim Dcc28 t mhond 106 109 i_ia y mii i United tit Fund' 1.72 1.79 iMglpflrr MM Iran United Asa Fund 2.06 2.I4« The omracrre 1.17 1.46 NTUC Utmhi The Savings Fund I.7J 1*2 Spore Prat Fund 0.77 0.81 l«ome Bond Polio 4 68 4.85 S
        525 words
      • Article
        DIVIDENDS ANNOUNCED
        695 14 Paymeat Ex Books Pay dale closc date AISB SO* b 5 Dec 31 Jan 14 Jan 21 Amal Steel 30* b 14 Dcc 2 Dcc 16 Jan IS Amlck En» 20* F 6TE Dec IS Dec 21 Dcc 30 Antah Hldgs 50* b 6 Dcc V Dcc 23
        695 words
      • Article, Illustration
        Lock icon Wall Street bull expected to take break in '94
        555 15 Reuter NEW YORK The bull market in US stocks has been charging along for over three years and 1994 may be the year when it takes a temporary breather, analysts say. The current bull market leg has seen US stock prices
        Reuter; Source: Bloomberg  -  555 words
      • Article
        Lock icon Redstone has tough choice in fight for Paramount
        269 15 NYT NEW YORK The chairman of Viacom. Sumner Redstone, faces a tough decision in the battle with QVC Network for Paramount Communications, say media analysts. He can increase the capital to raise his offer but if he docs, he may face costly
        NYT  -  269 words
      • Article
        Lock icon Troubled Mazda raises Ford's control
        115 15 Knight-Ridder, Reuter TOKYO In an effort to ride out a business slump. Japan's Mazda Motor Co announced a tighter business tie-up with US partner Ford Motor Co yesterday. Mazda is to increase permanent executives from Ford from the current one to four. One of the
        Knight-Ridder,; Reuter  -  115 words
      • Article
        Swire Pacific to buy Taiwan Coke despite share offer holdout
        379 15 HONGKONG Swire Pacific Industries will push ahead with its USS22 million (5534.9 million) acquisition of Taiwan Coca-Cola Bottling Co (TCCBC), although it has failed to get 100 per cent take-up of its general share offer, said the South China Morning
        379 words
      • Article, Illustration
        Lock icon Disney's famous cast makes rich pickings for takeover
        389 15 Bloomberg Business News NEW YORK Walt Disney Co could emerge as the next takeover prize in the multimedia sweepstakes, Susan Putnam. a portfolio manager with Moran Associates, said at a Bloomberg Forum last week. Ms Putnam also said the shares of the
        Bloomberg Business News  -  389 words
      • COMPANY BRIEFS
        • Article
          Lock icon Thai bourse limits trade in Samart
          65 15 Reuter BANGKOK The Stock Exchange of Thailand gave Samart Corp pic its "designated stock" tag. requiring it to trade strictly on a cash basis after the satellite dish and computer firm staged a strong rally following its debut last Thursday. Samart surged to close
          Reuter  -  65 words
        • Article
          Lock icon Tokyo suspends Toyo options trade
          68 15 Knight-Ridder TOKYO Japan's Finance Ministry ordered Toyo Securities Co yesterday to suspend operations in stock index options trading from Jan 5 to Feb 1 as punishment for illegal practices. Kyodo news Said. It said Toyo manipulated transactions in stock index options by buying and selling
          Knight-Ridder  -  68 words
        • Article
          Lock icon S Korean fund to sell shares
          67 15 Reuter SEOUL The Korea Securities Market Stabilisation Fund, established to bail out the sagging bourse in 1990. said it would liquidate up to 800 billion won (551.58 billion) of the shares in its portfolio. "We will start liquidating after considering the market condition." said
          Reuter  -  67 words
        • Article
          Lock icon Toyota axes three divisions
          82 15 AFP TOKYO Japan's Toyota Motor Corp said yesterday it was reducing the number of divisions within the company from 222 to 219 from Jan 1 as part of its annual reorganisation. The changes are "aimed at breaking down barriers between divisions and enabling them to respond
          AFP  -  82 words
      • Article
        Lock icon US mergers of the 1990s are equity-driven but still risky
        314 15 Reuter NEW YORK Equity has emerged as the key currency driving the revival of merger activity in the United States, but analysts warn that some of today's deals might turn out be be flops, just as many in the 1980s
        Reuter  -  314 words
      • Article
        Lock icon Taiwan's Chung Kuo shares 89pc paid up
        225 15 Reuter TAIPEI The Taiwan government's offer of 18 million shares in Chung Kuo Insurance Co under its privatisation programme was 89 per cent paid up at the deadline on Dec 22. chief underwriter Chiao Tung Bank said. Underwriters will take up the shares
        Reuter  -  225 words
    • FINANCE & COMMODITIES
      • Article, Illustration
        Lock icon M'sian ringgit falls to six-month low against US$
        469 16 Reuter KUALA LUMPUR The Malaysian ringgit fell to a sixmonth low against the US dollar yesterday but the slide is likely to be temporary, dealers said. The loeal currency hit 2.5800 to the US dollar for the first time since June 30.
        Reuter; Source: TeleTrac  -  469 words
      • Article
        Lock icon Malaysia to implement scheme for insuring large risks next year
        345 16 Bernama KJUALA LUMPUR The Scheme for Insurance of Large and Specialised Risks will be implemented on Jan 1 to develop expertise in risk underwriting among local insurers and to reduce the deficit in the services sector. Bank Negara said yesterday.
        Bernama  -  345 words
      • SMALL CHANGE
        • Article
          Lock icon Bank Bumiputra deposits hit M$100m
          74 16 Bernama KUALA LUMPUR Bank Bumiputra Malaysia Bhd has garnered more than MS 100 million (5561.8 million) in deposits and investments as at Dec 23 since the launch of its interest-free banking system in March this year. Chief executive officer Abdul Aziz Haji Othman said yesterday
          Bernama  -  74 words
        • Article
          Lock icon Indon developer to issue bonds
          53 16 Reuter JAKARTA PT Modernland Realty, a residential property developer, said it would offer 100 billion rupiah (SS7S million) of straight bonds due 1999 at par. The bonds will bear interest from Jan 13, payable every three months, at 15 per cent fixed rate for the
          Reuter  -  53 words
        • Article
          Lock icon Lending to Tokyo, Osaka firms declines
          64 16 Bloomberg Business News TOKYO Bank lending to finance capital investment at Tokyo and Osaka-based companies continues to decline, the Nihon Keizai newspaper reported, citing a Bank of Japan report. Total outstanding lending by banks to companies in Tokyo and Osaka declined by 1.13 trillion
          Bloomberg Business News  -  64 words
        • Article
          Lock icon UK watchdog to probe financial advisers
          39 16 Reuter LONDON The UK Financial Intermediaries. Managers and Brokers Regulatory Organisation is going to investigate funds worth up to £2 billion (SS4.B billion) managed by independent financial advisers. The Observer newspaper reported. Reuter
          Reuter  -  39 words
      • Article
        Lock icon Cut oil output by 4-5pc to stabilise prices: Iran
        274 16 Knight-Ridder TEHERAN Iranian Oil Minister Gholamreza Aghazadeh has called on Opec to cut production by 4 or 5 per cent to stabilise oil prices. In an interview with the Hamshahri Daily published last Saturday. Mr Aghazadeh said he was not optimistic
        Knight-Ridder  -  274 words
      • Article, Illustration
        Lock icon Strong economy helps sector to surpass growth projections
        649 16 A review of Malaysia's financial sector in '93 Bernama KUALA LUMPUR Malaysia's financial sector gained another milestone in 1993. despite having to manage inflationary pressures and excess funds. Assisted by a strong economy, the year saw projections in the finance industry not
        Bernama  -  649 words
      • Article
        Lock icon India, Oman to set up refinery in India
        199 16 Reuter NEW DELHI India's stateowned Bharat Petroleum Corporation Ltd (BPCL) and the Oman Oil Company (OOC) have agreed to set up a USSI.7 billion (552.7 billion) oil refinery in India, company officials said on Sunday. They said that under an agreement signed
        Reuter  -  199 words
      • Article
        Lock icon Trend towards long-term loans in Germany seen
        182 16 Bloomberg Business News DUESSELDORF. Germany This year's tumble in long-term capital market rates has accelerated the trend towards long-term borrowing, said Reimut Jochimsen. president of North Rhinc-Westpha-lia's regional central bank. "The trend towards long-term borrowing" continues. Mr Jochiinscn said in a statement issued
        Bloomberg Business News  -  182 words
      • Article
        Lock icon Banks' role in Malaysia's private bond market
        328 16 Knight-Ridder KUALA LUMPUR Banks have an important role to play in nurturing an aetive secondary market in Malaysia for private bonds, according to a report by accounting firm Price Waterhouse Associates. Banks have the infrastructure and ability to play a wider role in
        Knight-Ridder  -  328 words
      • Article
        Lock icon New York
        188 16 AFP NEW YORK The dollar rose against other major currencies in early New York trading yesterday in a very quiet post-Christmas market that saw the abscncc of many traders and with some European markets closed. Gold meanwhile rose USSI.IO an ounce to U*****.90. The US dollar was trading
        AFP  -  188 words
      • Article, Illustration
        Untitled
        1691 16 I rjJi -Meithu J index <ah ulaleJ jimi/m S'pon-\ lop 14 iradintt partner* Ban' year /W I FOREIGN CURRENCY j NOTE RATES As at 10am on Dec 27: Singapore dollars to one unit of foreign currency Currencies Bid Offer \ustralian dollar 1 0750 1.0920 Canadian dollar 1.1920 1.2160 NZ dollar
        1,691 words
    • COMMODITIES & FUTURES
      • Article
        Lock icon Interest rate futures weaker on thin trade
        1366 17 SIMEX REPORT Reuter SINGAPORE Simex interest rate futures contracts barely budged from late Friday levels as the holiday doldrums and the absence of institutional players dulled trade yesterday. Euroyen interest rate futures ended marginally softer on thin speculative profit-taking, barely reacting to the
        Reuter  -  1,366 words
      • Article
        KL tin ends higher at M$12.09
        586 17 COMMODITY REPORTS Tin KUALA LUMPUR tin ended higher yesterday on fresh Japanese and European covering ahead of the New Year holiday and prompted by the long holiday closure in LME. traders said. The metal finished at MS 12.09 a kg. up three sen from
        586 words
      • KNIGHT-RIDDER COMMODITY SUMMARY
        • Article
          Indon palm oil investment rises
          101 17 SINGAPORE Indonesia's total 1993 domestic investment in the palm oil industry had reached 1.744 trillion rupiah (SSI.3 trillion) as of Dec 15. up 19.7 per cent from a year earlier, the Bisnis Indonesia reported yesterday. The daily said investments included a 97.8-million-rupiah oil palm estate
          101 words
        • Article
          Thailand exports more corn
          66 17 BANGKOK Thailand exported 800 tonnes of corn in the period Dec 17-23. bringing the total for the year to date to 166.750 tonnes, the Thai Maize and Produce Traders Association said yesterday. Shipments Jan 1-Dec 23. 1992 totalled 121.772 tonnes. The Dec 17-23 exports comprised 500
          66 words
        • Article
          Lead prices seen going above US$500
          97 17 TOKYO Increasing demand in the US and Europe, combined with tightness in supplies of concentrates, should prompt lead prices tor threemonth delivers on the London Metal Exchange to climb past USSSOO a tonne this week or next, traders here say. Lead for three-month delivery
          97 words
        • Article
          Japan Nov copper output up
          83 17 TOKY O Japan's refined copper production rpsc 0.8 per cent from a year before in November, to 99.344 tonnes, according to figures released by the Ministry of International Trade and Industry yesterday. Production of refined zinc fell 5.2 per cent from a year before to
          83 words
    • Article
      COMMODITY PRICES
      1630 17 Rubber RAS Commodity Exchange (futures closing as at 1pm) RSS 1 Contract (S cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest Jan 94 000 OOO 132.25 0 0 Feb 0 00 0 00 133.25 0 4.275 Mar 0.00 0 00 135 00 0 6.925 Apr/Jun 137.50
      1,630 words
    • REGIONAL STOCK MARKETS
      • Article
        Untitled
        1182 18 Australia l>ei 24 If fA CHI \M< < >R «M0.0 10 0 «TVi MMI HM uiKh m Xdelaidc Steamship DO I 0 1120 XdtanceBank »M60 2 0 <*l Vi.KknIiJ SMI IO no Xkan XunIijIij .1*5 0 5.0 10 \ilip«il I \pknjlKH1 *4*0 !4.>~ Xrgo InxoJmt'niN 2'l 0 10 460 \imm>
        1,182 words
      • Article
        Manila
        688 18 173.16 SHARE prices shot up to a new record high close as demand continued to rise in a bullish market, brokers said. "We've been saying for some time now that the market should correct. but it refuses to consolidate due to too much demand." said Noel Reyes, vice president
        688 words
      • Article
        Taipei
        856 18 171.3 Stocks surged 3.2 per cent to close at a 29-month high in heavy trade as enthusiastic investors flooded into the market amid bullish sentiment. The weighted index hit an intra-day high of 5,530 and closed 171.30 points higher at 5.491.68. its highest finish since 5,591.96 on July 5.
        856 words
      • Article
        Seoul
        504 18 12.46 The Seoul stock market ended higher in hectic trading after a late wave of institutional buying overwhelmed sales by individuals. brokers said. The composite stock index stood 12.46 points higher at 873.88. compare with the day's low of 863.08. Brokers forecast that the strong momentum would help shares
        504 words
    • WORLD STOCK MARKETS
      • Article
        Untitled
        1543 18 London l)ec 24 Pent* +T Industrials A A (orp Adr 45 4/8 I 2/1 \hhr> National 495 4/8 M4K \llied L\ons 1 Xmcc 119 4 8 -4.1 MiGmp 5Cf* TM BXT Ind M" x bk i m B<x (iioup IT2 5 B(X (iiiwp -5 BR Petri4eum MO uikh BIR W>
        1,543 words
      • Article
        Paris
        139 18 l.llpc THE CAC 40 index closed at a record high for the third straight day at 2.276.55 points, up 1.11 per cent on Friday's close. Although analysts fear an increase in short-term US interest rates in the next three months, most investors are hanking on a drop in European
        139 words
      • Article
        Stockholm
        147 18 -o.oBpc Swedish shares ended slightly weaker after rising debt market yields erased early gains on the stock market. The OMX-index fell 0.05 per cent to 1.084.39 and the blue-chip top-16 index also slipped 0.05 per cent to 1.458.44. The all-share index lost 0.08 per cent to 1.366.56 in low
        147 words
      • Article
        Frankfurt
        194 18 +31.14 The DAX spot index closed at a new record at 2.253.98 points, up 31.14 points, or 1.4 per cent higher than at close on Thursday. A DC} Bank analyst said the market was strongly supported by the futures market. Among blue chip shares, the strongest increases were recorded
        194 words
      • Article
        Zurich
        273 18 +5.2 Swiss shares closed at another record as investors kept faith in the strong Swiss franc and the positive latest economic indicators, traders said. The Swiss Market Index. or SMI. which tracks the top 18 blue chip stocks closed up 5.20 points at 2.972.60. with 10 shares advancing and
        273 words
      • Article
        Amsterdam
        256 18 +5.43 Dutch shares eked out modest gains in languid post-Christmas trade to close at a new record high. With several influential markets shut for the Christmas break stocks were pushed ahead by limited domestic retail buying, dealers said. "Turnover is desperately low. but the market's not running out of
        256 words
      • Article
        Milan
        218 18 +46 Italian stocks rose 0.4 per cent in dull post-Christmas trading, led bv telecommunications stocks Sip and S{et. Fcrruzzi Finanziaria SpA fell 5.5 per cent as buying of its new shares issued to raise badly-needed capi- tal dried up. traders said. Shares of Montedison SpA. Fcrruzzi's main operating company,
        218 words
      • Article
        Johannesburg
        304 18 +87 South Africa's surging shares continued their bull run as a steady gold price, foreign interest and lack of stock overcame a lethargic post-Christmas start, dealers said. Although gold shares softened in late trade in light profit-taking as a result of an overlv-cnthusiastic start, the gold index closed 51
        304 words
      • Article
        New York
        935 18 12.3 The Dow Jones industrial average, which slipped 4.47 points on Thursday, was ahead 12.30 points to 3.770.02 at 11 am EST well above its all-time high of 3.764.43 set on Dec 13. The New York Stock Exchange composite index was ahead 0.47 to 258.96. while Standard Poor's
        935 words
    • Article
      HONGKONG
      2930 19 I he Hongkong market was closed yesterday for the Christmas holiday Vol I)tv HKS High 1 jm (*000) PK \SM Pacific 4000 unch 4 000 4 000 16} \WI World Transport 2 025 +0025 2 025 2 025 10 12 0 Acme Landis M4II) unch I MM) I MX)
      2,930 words
    • Article, Illustration
      Lock icon TOKYO
      2461 19 Reuter TOKYO Stocks ended sharply lower, but above the day's lows, in light trade yesterday. The Nikkei average fell below 17,000 for the first time since Dec 8. Investors were discouraged as Prime Minister Morihiro Hosokawa failed to offer concrete economy-boost-ing steps on Friday, brokers said. the Nikkei Stock
      Reuter; Source: Bridge Info  -  2,461 words
    • Article, Illustration
      Lock icon BANGKOK
      1893 19 Reuter BANGKOK Thai shares surged 2.75 per cent or 43 points, breaking through the 1,600 level to a new closing high of 1.608.12 in active trade, brokers said. The SET index broke the previous high of 1.565.12 reached on Friday. Gainers led losers 197 to 102 with 59 stocks
      Reuter; Source: Bridge Info  -  1,893 words
    • Article, Illustration
      Lock icon JAKARTA
      1149 19 Reuter JAK.AKIA Share prices closcd higher in moderate trading. with local players dominating market activity, brokers said. The official index rose 5.14 points to close at 565.94. "It is also undeniable that window-dressing pushed share prices up." one foreign broker said. Agribusiness counter Smart provided the focus of the
      Reuter; Source: Bridge Info  -  1,149 words
    • Article, Illustration
      Lock icon CLOB INTERNATIONAL
      2818 20 Source: Bridge Info Source: Bridge Info MOST ACTIVE volume FAf B SOc 2U72JHO \\II)H MK. 21 IUW PriMtKI I «».*<» I.000 Monang < orp I6.74J.000 Madh n>l MlIUjM Insjs Bhd 15 6KO.OOO kamunling MV' 15.434.000 I'cgi Mmj 14.9521**) t'aher tiroup I4.49S.(**( Mctroplex TSK 13.583.000 IdnsHvdSK. I3.3IW.OOO IndOwgon VM95
      Source: Bridge Info  -  2,818 words
    • KUALA LUMPUR STOCK EXCHANGE
      • Article, Illustration
        Lock icon Shares surge to another record on strong demand
        6199 20 Bernama KUALA LUMPUR Share prices here ended the first day of the final week of 1993 off their highs after mild profit-taking ahead of the close parred earlier gains. The market held up well on continued strong demand as investors were undaunted
        Bernama; Source: Bridge Info  -  6,199 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        7277 21 Cr Cr 1993 Last Val Day Last QMt W» Di» YU Nat M Cap Kith l-ow (oiapaay Sale ("000) Mifh l>ow Bayer Seller CV P/E $aiil INDUSTRIAL AND COMMERCIAL 1400 260 I Acma 1210 -10 13 1230 1210 1200 1220 12.5 2.1 1.0 52.4 834.0 310 220 I j Alex
        7,277 words
      • Article, Illustration
        Lock icon Index up 52 points in gush of buying
        1784 22  -  By Quak Hiang Whai SINGAPORE There were no post-Christmas holiday blues in the stock market yesterday as the buying spree in last Friday's half-day session spilled over to push the market to another record close. Frantic buying of second and third liners,
        Source: Bridge Info  -  1,784 words
      • Article, Illustration
        Insas
        122 22  -  By Quak Hiang Whai ANYONE who intends to buy Insas at current prices should be used to betting on long odds. All current and long-term indicators point to a heavily overbought stock. Indeed, it is already trading in uncharted territory, with more downside risk than upside potential. The share
        122 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      194 13 Wm 1 11-13 January I Singapore World Trade Centre Jh Introducing the SEMICON show that highlights the jH new technologies SEMICONTest. Assembly Packaging 94 brings Singapore leading manufacturers from the United States. Europe Asia. Their products driving the improved productivitv and performance. Workshop: Test, Assembly fe Packaging Roadmap to Opportunities
      194 words
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      173 14 11 help you lift i those bags under your eyes, absolutely free. See the four of them there? When you send any parcel Worldwide takes the worrying out of sending parcels. We offer So to take the worries out of sending packages this weighing over 3 kg, you'll receive either
      173 words
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      185 15 GIVE YOUR MCE THE EXECUTIVE TREfIIMENT Diminished BH the look of worry lineS lead,n^to tired baggy eyes Diminished J f the onset of B furrowed stress lines open pores and s blackheads Jl« r t ztDiminished- Diminished the start of the the formation of double chin' V6rt Ca The look
      185 words
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      Page 15 Advertisements Column 2
      1235 15 BUSINESS TIMES IQI-I- KRKK Ttil No 1-000-741-1883 KAX 741-1298 t SIME SINGAPORE LIMITED (Incorporated in Singapore) LOST SHARE CERTIFICATES The undermentioned certificates have been reported lost, mislaid or destroyed Certificate NO, In the name of No of Shares :L *****9 Choo Stew Ching 1 t ,000 *****4 Lim Ah Gong
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      594 17 BUSINESS TIMES TOLL-FREE TEL No 1-800-741-1883 FAX 741-1298 TOOLS COMPONENTS MANUFACTURERS PTE LTD NOTICE IS HEREBY GIVEN THAT A FINAL MEETING OF THE COMPANY WILL BE HELD AT 10.00 AM ON THE IST DAY OF FEBRUARY 1994 AT 50 CHIN SWEE ROAD #09-03, SINGAPORE 0316 AGENDA To Consider the Liquidator's
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      36 17 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead Make new business contacts through classification -tfv 203 in The X Straits Times Classified. c.a.ta 1737-116*
      36 words
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      30 19 ornamentation mirrored in the contrasting light ot precious metals -Gold and Platinum. harmonious elegance Parthenon 18-carat goldplated jewels that write FOR Jlsoi*amßoaa«P-WTarBoonba«Bi*Jng Sngapowßlftt* REGIONAL ANALYSIS Every Wednesday in Business Times
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      42 20 With over 188 million cards honoured |H| at over 10.8 million establishments, MasterCard puts the whole world in your hands. And it gives you easy access to cash at 300,000 bank branches YOU'VE GOT THE WHOLE WORLD ATMS worldwide. IN YOUR HANDS
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      56 22 Nafta-trade bloc or block? GATTing anywhere? Is Maastricht an ostrich? DOW shall not crash? PC price tumble thanks for the memory? Gold-will it ever shine again? Regional property market-on solid ground? Investing overseas—rough seas? Employee empowerment-buzz word or crossword? Regional golf clubs albatross? What's life beyond numbers and dollars?... SINGAPORE
      56 words
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      Page 22 Advertisements Column 2
      400 22 BUSINESS TIMES TOLL-FREE TEL. No. 1-800-741-1883 FAX:74I-1298 M THE MATTER OF THE COMPANES ACT, CAP 90 M THE MATTER Of ATTERSLEY PTE LTD pt MMrNUMrMT MMHPI NOTICES HEREBY GIVEN tat al» Emordnary General Maatog al N Company mm oomened and held J Coleman Saeat #03-14 PenineuU Shoppmg Canfe Stogapore 0617
      400 words
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      564 22 BROKERS 1 STOCK PICKS in Personal Finance and Investment on Saturdays IN THE MATTER OF THE COMPANIES ACT. CAP. 50 AND IN THE MATTER OF NITIN VIDEO PTE LTD (la Members' Yohurtary Liquidation) NOTICE OF FINAI. MEETING Noace is hereby given pursuant to Section >06 of the Companies Act. Cap
      564 words
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      193 22 IN THE MATTER OF THE COMPANIES ACT, CAP. SO AND IN THE MATTER OF MIL LOGS MARKETING PTE LTD (In Members' Voluntary Liquidation) FINAL MEETING NOTICE IS HEREBY GIVEN, pursuant to Section 306 of the Companies Act. Cap SO. that the FINAL MEETING of the Members of the abovenamed Company
      193 words
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  • Shipping Times
    • Article, Illustration
      Piff-Eurobox sets up second office in Spain
      320 23  -  By Dexter Lee SINGAPORE Hongkongbased freight forwarder PiffEurobox has opened a second office in Spain to carve a bigger share of the cargo market between Spain and Singapore. The new office, in landlocked Madrid, will complement Piff-Eurobox's office in Algericas which was set
      320 words
    • Article
      Lock icon St Petersburg port faces new challenges
      583 23 Investors confused as groups push for different plans Reuter ST PETERSBURG. Russia The port of St Petersburg, built nearly three centuries ago as Russia's major outlet to the West, is facing new challenges as it searches for investment to take the place of Soviet-era
      Reuter  -  583 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      835 23 Page Col ABC Containcrlinc 12 1 Accord Group 8 1-3 Ahrenkiel Liner 4 1/2 •APL 5 3-5 Appcnship 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
      835 words
    • Article
      Bangkok forms watchdog to protect shippers
      419 23 BANGKOK The Thai parliament has passed legislation establishing a Shippers Council, which is expected to give shippers bargaining power in their dealings with maritime transport companies, according to a report in The Nation. The law is to become effective early next year, after which
      419 words
    • Article
      When war disrupts a charter
      614 23  -  This is a monthly column that highlights important shipping court cases By Ramesh Divyanathan SINGAPORE A commercial court in England has upheld a London maritime arbitrator's interpretation of a war risk clause when a ship was caught in the Iraqi invasion of Kuwait. Despite a
      614 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        758 24 Vessel Voy No Berth Arrival Departure Vessel Voy No Berth Arrival Departure Juroflg Port Aungsuyu 754 08* 9» P01A 2812 0800 28 12 2300 Mitts Sea V9303 15 6 alongside 28 12 0700 Batam Speed3 ***** J P01A 2812/0700 28 12 0900 Batam Bahagia 12/05 93 111
        758 words
      • Article
        CONTAINER SCHEDULES
        1811 24 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Bookine/Balance Rslts Ship Voy No Etb/Btr Period From To From Ac. Swan 098A 29/1500 2 27/1700 28 0659 28 0900 4 28,1200 28/1459 28'1700 Anda *****N 29/1100 2 27/1700 28 0659
        1,811 words
    • Article
      THE SHIPPING GUIDE
      8239 32 This is a list of ships loading at I Singapore for ports around the j 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
      8,239 words
    • Article
      SHIPPING AGENTS
      3292 37 Containerline NV: Belsin Shpg Agencies Pte Ltd (SVManne Handling Sdn Bhd (PK/PN). Accord Group: Accord Shpg Pte Ltd (SI/Accord Contr Line (PK/PN). Vdkris Business Corporation Philippine: Calsource Shpg Trdg Pte Ltd (S) Ahrenkiel Liner Service: Kim Shpg Trdg (S). Mbatros Sea-Air Service: Frata Shpg Pte Ltd (S). Alfred
      3,292 words
    • Article
      COURIER SERVICES
      275 37 Abacus Couriers Tel: 545-8011. Fax: 545-1898. Air Express Travel Tel: 533-5771. Fax: 535-6144. Airborne Freight Corporation Tel: 542-8844. Fax: 542-3716. *****80. Airswift Worldwide Courier Tel: 278-0188. Fax: 273-8283. AJS Supplies Tel: 748-6322 (2 lines). 747-7421. Fax: 742-8975. City-Link International Tel: 344-3377. Fax: 345-6450. Cluster Link Supplies Services Tel:
      275 words
    • Article
      AIR FORWARDERS
      1468 37 Abex Express Freight Tel: 542-7171. Fax: *****84. Actinic Forwarder Tel: 225-1833. Fax: *****42. Activair Singapore Tel: 542-7821 Fax: *****20. Aerotink Freight International Tel: 545-8033 Fax: *****05. Aerospeed Tel: 542-5911. Fax: *****18. Air Cargo Novo Express Tel: 542-5454 Fax: *****06. Air Express International Tel: 542-7666 Fax: *****74. *****50. Air
      1,468 words
    • Article
      PORT CONDITIONS
      2558 38 ALBANIA Duress: Four vessels in port discharging of which 2 bulk wheat. 1 bagged flour. 1 bagged clay, I vessel in roads waiting to discharge gasoil. ANGOLA Luanda: Port operating normally, all berths occupied, no vessels waiting. I.obito, Namibe: Ports quiet. All crude oil export terminals reported as
      2,558 words
    • Article
      SHIP SALES & TANKER RATES
      1084 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
      1,084 words
    • Article
      AIR FREIGHT SCHEDULE
      555 38 ARRIVALS DEPARTURES Op Flight Type ETA T From Op Flight Type ETD T To TODAY TODAY NCA KZ203 B747F 0145 I NRT SIA SQ802 B747F 0230 2 SYD/AKL KAL KE697 B747F 0150 I SEL NCA KZ204 B747F 0335 I BKK/NRT JAL JL617 B747F 0345 I TYO KAL
      555 words
    • Article
      CRUISE & FERRY SCHEDULES
      265 38 CRUISE FERRY SCHEDULES CRUISE SHIPS Arr Dep Name of Vessel ETA ETD Ports of Calls Port Agent Telephones* i DECEMBER 29 29 Wind Spirit 0800 1600 SEA Cruise Harpers Shpg 221-1388 29 29 Leisure World 1300 2015 Cruise to Nowhere Lauw Sons Travel 227-8284 30 30 Ocean Pearl 1200 1900
      265 words
    • Article
      TRANSPORT DIARY
      303 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. TitJe: International Freight Forwarding (SDF 70%) Duration: Jan 20 Apr 7 Organiser: Singapore Freight Forwarders Association Tel: For more information contact SFFA Secretariat at
      303 words
    • Article
      DAILY FREIGHTS
      536 39 The Baltic Freight Index for spot dry cargo shipping rates fell to 1,220 on Friday from 1,221 on Dec 23. There was little trading on the freight market with most brokers taking advantage of a long Christmas holiday weekend. Time-charter activity included BTC fixing the 41,500-dead-weight-tonne Aton for
      536 words
    • Article
      COCKETT BUNKER MARKET REPORT
      921 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
      921 words
    • Article, Illustration
      Lock icon A new Hapag-Lloyd emerges after major reshaping
      1251 40  -  Elizabeth Canna looks at the revamped corporate structure of this German shipping company Elizabeth Canna American Shipper WE ARE businessmen. We are not shipowners or aircraft captains. After six months at the helm of Germany's largest transportation group, HapagLloyd AG. that's how Bernd
      American Shipper  -  1,251 words
    • AIR AND LAND TRANSPORT NEWS
      • Article
        Lock icon US airline industry may see more employee buyouts
        542 42 Reuter NEW YORK Major US airlines will aggressively pursue turning ownership over to employees in 1994 and dramatically reshape their operations following industry leader UAL Corp's decision to give its workers a majority stake in the company, say industry officials. The transfer
        Reuter  -  542 words
      • Article
        Lock icon Amtrak needs more federal fluids for capital improvements
        623 42 NYT WASHINGTON Although Amtrak is getting closer to self-sufficiency in its operating budget, the government-owned railroad needs a massive infusion of federal money to replace dilapidated equipment and property, federal and Amtrak officials say. Amtrak passengers paid 80 per cent of the
        NYT  -  623 words
      • Article, Illustration
        Lock icon Swissair faces heavy losses in flight operations, says president
        287 42 Bloomberg Business News ZURICH Swissair president Otto Loepfe said the airline would post "heavy losses" in 1993 in its core flight services business. "We have fallen well short of our target for flight operations," said Mr Loepfe in the Swissair internal
        Bloomberg Business News  -  287 words
      • Article
        Lock icon US aviation body warns of turbulence caused by Boeing 757
        283 42 Reuter SEATTLE The US Federal Aviation Administration is warning pilots to stay at least five miles behind Boeing Co 757 jets because of turbulence that may have caused a jet crash recently that killed five people. FAA administrator David Hinson
        Reuter  -  283 words
      • LOG BOOK
        • Article
          Lock icon Stricken ship's crew all safe
          80 42 AFP INFANTA, Philippines Sixteen Indonesian and six Taiwanese crew members of a cargo vessel which ran aground near this town over the weekend have been rescued by police, officials said yesterday. Senior superintendent Enrique Cuadra. provincial police director, said all hands of the Panamanian-registered MV
          AFP  -  80 words
        • Article
          Lock icon Accord named Japan Car of Year
          78 42 Bloomberg Business News TOKYO Honda Motor Co's new Accord has been named the 1993-94 Japan Car of the Year. The selection committee cited the new vehicle's superior safety and environmental features, and an improved engine that offers both better fuel efficiency and power, says
          Bloomberg Business News  -  78 words
        • Article
          Lock icon UK travel agents cut prices by 11pc
          111 42 Bloomberg Business News LONDON Britain's three largest travel agency chains. Thomas Cook, Lunn Poly and Going Places, are cutting holiday prices by 11 per cent, the Financial Times reported. All three are discounting summer holidays while Lunn Poly is also cutting winter holiday
          Bloomberg Business News  -  111 words
        • Article
          Lock icon Kansai airport to open in September
          79 42 Bernama-Kyodo TOKYO The transport ministry has decided that Japan's first 24-hour airport, the new Kansai international airport, on a 511-hectare plot of reclaimed land skm off Osaka, will be opened on Sep 4 next year. The government officially endorsed the opening date at a
          Bernama-Kyodo  -  79 words
      • Article
        Lock icon Siemens still in the running for Korean rail deal: report
        315 42 Bloomberg Business News, Reuter FRANKFURT German electrical engineering group Siemens AG may win a big South Korean contract to build a high speed rail link, even though the order has been awarded in principle to GECAlsthom, Die Welt reported. The
        Bloomberg Business News,; Reuter  -  315 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1708 42 at* FHght ETA F%M ETD I i GA893 1655 GA892 0100 GA974 2325 GA984 2340 Adelaide QF8I 1935 QF82 2050 SQ228 2105 Amsterdam SQ25 0635 GA892 0100 KL837 1540 KL844 0535 GA893 1655 SQ320 1100 SQ323 1725 GA974 2325 KL838 2335 SQ26 2355 SQ348 2250 LI
        1,708 words
  • Page 23 Advertisements
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      19 23 If you want it therej yesterday, <r m Fly it with** us today, ,a > MtntaAEM j GRIFFIN KINETIC-*****331 MP
      19 words
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      Page 23 Advertisements Column 2
      23 23 Lines and services represented by Members of the Registry ef Accredited Singapore National SMp- \XjjJw For advertising enquiries, contact Shipping Times: Tel 740-2089/740-2090
      23 words
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      Page 23 Advertisements Column 3
      67 23 £±M±R7 M R FORWARDING PTE LTD WEEKLY CONSOL TO EUROPE CALL: *****00 A new Hapag-Lloyd emerges after reshaping, Pg 18 More US airlines may see employee buyouts, Back Pg 'or r >S!^ v R—-/*•; -C; O -»t 0> kin n< *<k r~':: y 5-P? •C.-r ;-V s?M££W§i ■5 :s£-gg^^ LOOKING
      67 words
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      492 24 TSKUNE AGENOES (S) PTE. LTD. |Z V WJkTp Tel: 226-3363 JL •JtlXt LANIi Fax: 226 1972 3 r§tAy -7 w— <■.—i Tlx: RS *****/TSKSIN. TOKYO SENPAKU KAISHA, LTD. CR No: **********0N I I EXPORTS TO HON6KONG. MANIA. TAIWAN t JAPAN "TWICE WEEKLY" I wimbb nor m in I ai I■»
      492 words
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      Page 24 Advertisements Column 2
      83 24 YEAR END LOADER TO USA Vessel/Voyage ACX DAISY V 0478 ETA 31/12/93 1100 HRS ETD 31/12/93 2200 HRS CY CLOSING 31/12/93 0700 HRS CFS CLOSING 30/12/93 1700 HRS For BOOKINGS please call *****51/2/3 KUALA LUMPUR WW KELANO PENANG JOHOR BAHRU JAKARTA NYK AGENCIES (M) SDN BHD NYK AGENCIES (M) SDN
      83 words
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      2184 25 OOCL (8) PTE LTD JAR DINE SHIPPING AGENCIES JARDINE SHIPPING AGENCIES SON. BHD. TEL *****13 FAX: *****42 PETALING JAYA TEL: 03-*****76 FAX: 03-*****42 DOCUMENTATION TEL: *****55 (INWARD)/*****90 (OUTWARD) PENANG TEL: *****4 FAX: *****1 CFS TEL: *****6 BOOKINGS TEL *****80 *****81/ *****82 IPOH TEL; *****3/4 FAX: *****6 CFS (PSA F5) TEL:
      2,184 words
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      Page 25 Advertisements Column 2
      67 25 ■EmH.HHWH THE FINAL COUNTDOWN "MAERSK YEAR END LOADER 1993" TO USA DON'T MISS IT 4 VESSEL DETAILS Vessel/Voyage N. SUN V.9347E ETA 31/12/93 ETD 31/12/93 OTHER AVAILABLE VESSEL: AXEL MAERSK V.9402 ETA SIN 29/12/93 For your BOOKINGS please call 228-6611 Sea K2 Land AXEL MAERSK 9402 ETA 29/12 ETD 30/12
      67 words
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      Page 26 Advertisements Column 1
      1687 26 AQABA R OAM/ [i ALSO ACCEPTING FROM VESSEL VOY NO SPORE JEDOAH (VIA JED) S TON H BURG A WERP HAVRE MALAYSIA DANUBE 11/151 29/12 15/01 16/01 18/01 Poft Kelang. Penang STUTTGART EXPRESS 01/351 1/1 10/1 16/1 19/1 22/1 24/1 26/1 Pasir Gudang KAGA 33/152 5/1 22/1 £2£! EAST MALAYSIA
      1,687 words
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      Page 26 Advertisements Column 2
      513 26 FCI Breakbulk Service to: AFGHANISTAN MAM Afghanistan Ltd., Sole Foreign Forwarder in Kabul for ail services C.I.S.- Voslochny, Vladivostok, Moscow, Tashkent, Kiev, Minsk, Riga, Baku, Irkutsk, Alma Ata North Korea Vietnam Mongolia Hungary CSFR t Poland FULL CONTAINER SERVICE TO NORTH/WEST AFRICA FEEDER VESSEL ETA SIN NED HOORN V.2463 In
      513 words
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      Page 26 Advertisements Column 3
      1104 26 I NORASIA NORASIA MUBARAK 9350-3 29/12 19/01 22/01 23/01 23/01 24/01 25/01 26/01 27/01 28/01 I NORASIA AL MANSOORAH 9351-3 05/01 26/01 29/01 30/01 30/01 31/01 01/02 02/02 03/02 04/02 I NORASIA PRMCESS 9401-3 12/01 02/02 05/02 06/02 06/02 07/02 08/02 09/02 10/02 11/02 I __NORASIAJU N 9402-3 19/01__09/02__12/02__13/02 13/02
      1,104 words
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      Page 27 Advertisements Column 1
      1844 27 JpW STRAITS SHIPPING PTE LTD 10 Ho« Chiang Road #11-01 Keppel Towers Singapore 0208 Tel: *****88 Fax: *****17 NEW GUINEA PACIFIC LINE (A SERVICE OF CHINA NAVIGATION CO) CARGO out SAILS STRAITS VENTURE ¥32E Mjwa. Lib 28 29 0k 30 D«t 31 Dec FCL, LCL CONTAINER AND BREAK BULK SERVICE
      1,844 words
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      Page 27 Advertisements Column 2
      1502 27 SINGAPORE AGENT: Atlf"Q "f fIAVC P&O Containers (Singapore Agencies) Pte Ltd X VJVFJIIIdAIIWX 10 Hoe Chiang Road #07-01 Keppel Towers. Singapore 0208 Tel: 225 2233 Telex: RS ***** PNOCSP Fax: 225 5327/222 7517 V v CR Number: **********0Z EXPORT IMPORT VESSEL VOY *PNG *PKG SIN ALG SOU ANT ROT HAM
      1,502 words
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      Page 27 Advertisements Column 3
      42 27 PMG FLOTA MERCANTE CiRANCOLOMBIANA S A (NATIONAL LINE OF COLOMBiAI |ii POl COMPANIA ANONIMA VENEZOLANA DE NAVEGACION (NATIONAL LINE OF VENEZUELA) STRAITS TRANSPORTATION PTE LTD ft 13-01 ONG BUILDING. 76 SHENTON WAY (SPORE 0207) TEL: *****22 FAX: *****90/*****10 PK *****53 PENANG *****7/8
      42 words
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      Page 28 Advertisements Column 1
      540 28 EKA JAYA AGENCIES TEL: *****22 (8 LINES) FAX: *****05 SALES REPRESENTATIVES IN CHARGE pLTAHWAB THAPE PA«F IttANPftIOHE/PIReCT iAWOJ MMM ho cm wmi CITY HENRY HOE 21*0624 KELVIN CHAN *****2& »»7«/M?aW TO MYANMAR/YANGON SEMI CONTAINER SERVICE M OCEANLINES va *01 I yangow spow IBN 30/12 5/1 14/1 YANGON GEN. AGENT: MYANMAR
      540 words
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      Page 28 Advertisements Column 2
      813 28 0 HANJIN SHIPPING COUNTDOWN 1993 YEAR END LOADER TO USA LAST VESSEL/VOYAGE HANJIN HAMBURG VOI6E ETA 31st Dec '93 PLEASE CONTACT THE FOLLOWING PERSONS FOR ENQUIRIES BOOKINGS: PAUL LIM DID *****26 PGR *****99 FREDERICK PHUA DID *****29 PGR *****48 RADIYAH DID *****35 NEVINE CHUAH DID *****33 LINKS EXPRESS 62 Toh
      813 words
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      Page 28 Advertisements Column 3
      1430 28 «a=md !H;l=|=|^i t' IfKL MP KSG WC UG fUS W! OS* NCT SMZ TTO LJU CHS BW KC [HI MM HM W IM KO CM PU SEP I GRAN) M 047 a/17 28 12 3/1 VI 7/1 11/1 11/1 13/1 14/1 lf/1 15/1 20/1 8/2 11/2 12/2 22/2 23/2 24/2
      1,430 words
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      Page 29 Advertisements Column 1
      2792 29 I I sex: 'CALIFORNIA LUNA 62E' eta sgp 29/12/93 II II riL I ARRIVING LOS ANGELES 15/01/94 IN 16 DAYS HI II AEX: 'HAKONE MARU 13E' ETA SGP 31/12/93 II II I ARRIVING NEW YORK 24/01/94 IN 23 DAYS HI II *M Connecting Neptune Cyprine 05€ In HKG 08/01/94 I
      2,792 words
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      Page 29 Advertisements Column 2
      1227 29 9 SINGAPORE SOVIET SHIPPING CO PRIVATE LTD CR NO: **********0/N ENQUIRIES: *****33 BOOKINGS: *****64, *****51, *****31, *****13 WVf BALTIC: INWARD *****81 OUTWARD *****81 T/S *****77 MSJajk BLASCO: INWARD *****79 OUTWARD *****80 T/S *****78 r lSr FESCO: BOOKINGS *****06 DOC *****07 i rn MARINE INSURANCE: INVENTORY: *****59 W lIVI Wn AGENTS:
      1,227 words
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  • Page 30 Advertisements
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      Page 30 Advertisements Column 1
      1746 30 V v M AS AGENTS "K" LINE (SINGAPORE) PTE LTD (CR No: **********0 M) TEL: *****77 TELEX: KAWAKI R*****5 FAX: *****16/7/8/9 I B T*J ftp MALAYSIA "K" LINE MARITIME (MALAYSIA) SON BHD TEL: SA *****00 PK *****75 PEN *****0 JB *****1 PGU *****5/6 1 INDONESIA: P.T. SARANA LAUT INTERNUSA. TEL
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      1048 30 f-H© PHILI-Oni€NT LINfS Pit LTD 108 Robinson Road #07-00 GMG Building Singapore 0106 Tel: *****22/*****69/*****00 Telex: RS ***** Fax: *****76/*****38 A MEMBER OF THE SINGAPORE FREIGHT FORWARDERS ASSOCIATION I AUSTRALIA/NEW ZEALAND/SOUTH PACIFIC FCL/LCL SERVICE 30 DEC SYDNEY. MELBOURNE. BRISBANE. FREMANTLE 10 JAN AUCKLAND. WELLINGTON. LYTTLETON. NEW PLYMOUTH. NAPIER. CHRISTCHURCH 30
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      Page 31 Advertisements Column 1
      970 31 PACIFIC INTERNATIONAL LINES (PTE) LTD I 140 Cecil Street, #03-00 PIL Building, Singapore 0106. I I cr no iooeo67ooooe I VESSEL VOY SIN CMB JIB JED AQJ ADE HOD PZU ASA < KOTA WIRAWAN WRNO37 29/1 3/2 10/2 13/2 15/2 12/2 14/2 17/2 21/2 KOTA WUAYA WJAO3S 30/12 4/1 10/1
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      Page 31 Advertisements Column 2
      1128 31 VtSStIS VOT STOW HAMBURG ROTURDAM ANTWERP T HARKS H HARVt Vl.Lt D *qui* 7531W 2*/12 73/01 75/01 ?t/01 28 01 30 01 VR.lt 01 UK MM 9531W 03/01 77/01 79/01 30 01 31/01 07/0? Will DC ITRA 7731W 1? 01 04 0? ot/0? 07/07 OS 0? 10/07 Wilt PI VESTA
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      Page 31 Advertisements Column 3
      407 31 BSfl i>. mm MYANMA PHk FIVE STAR LINE (Myanmar National Line) Loading for Yangon (Rangoon) Spore P.KIf Pen P.Gdf PAGAN V2O4W 31/ 2 )an MP* AN VI97W 5/ 7 lan PAGAN V2OSW 17/19 lan HAJ.ATW AGENTS BOUSTIAD SHTPttG AGENOES Ml TEL 03 *****00 PKL TEI 03-36M767 PEN TEI 04 *****5
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      Page 34 Advertisements Column 1
      2577 34 Full Container Liner Services General Agents: Booking Agents: Guan Guan Shipping Sdn Bhd Chung Chiao Shipping Sdn Bhd P.T. Global Putra Indonesia Maritime Costar Shipping Pte Ltd Skipping Freight Booking Centre Sdn Bhd 58 Pemaran ffa/a Muds Mesa Lot 3.34, 3rd Floor, 11. IK. H. Juanda 111>73 0-E rM g
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      Page 35 Advertisements Column 1
      606 35 (fc FAMOUS CONTAINER LINES 10 ANSON RD. #15-21 INTERNATIONAL PLAZA, S PORE 0207 HOT LINE: *****33 (24 LINES) GOTHENBURG/SCAN 3/1 ROTTERDAM 3/1 AARHUS/COPENHAGEN 371 HAMBURG/BREMEN 3/1 MARSEILLE/FRANCE 171 FELIXSTOWE/UK 3/1 BARCELONA/SPAIN 30/12 1 LEHAVRE/FRANCE 3/1 GENOA/ITALY 04/01 ANTWERP/BELGIUM 3/1 LOS ANGELES/WC/IPI 2/1 SYDNEY/MELBOURNE 1/1 NEW YORK/EC 30/12 FREMANTLE/ADELAIDE 31/12 VANCOUVER
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      Page 35 Advertisements Column 2
      986 35 a VEBBEL 1 VESSEL VOY SIN f-f* I 1 y* WA BHUM 209S Wgd 2>/12 _Sat 1/1_ BUNGA SEROJA 4001 Thu 30/12 Sat 1/1 BH VESSEL VOY SIN BKK CHAIYA BHUM 32S Fri 31/12 Tut «/1 PERKASA 14N Fri~ 31/12 ~~Tua 4/1~ j|| XETHA BHUM 2»N Tin 29/12 Fri 31/12
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      Page 35 Advertisements Column 3
      600 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 pi DONGNAMA LINE CONT/UNPMgD SCTVICE STRArTS/BLW/WC/—tt VESSEL SPG PNG BIN P* BSW MC HONGKONG Q.ORY V3I3N 1/1 3/1 5/1 14/1 lt/1 MEIM
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      Page 36 Advertisements Column 1
      1767 36 AABMN CONTAINER LINES I~K-/Y^n A 9 #nt MAC-NELS SPORE: *****22 (24 LINES) LJ V/ > C/R Noc *****7500Q0E S»BU (064) *****9 KUCHING (062) *****3 PENANG: (04) *****6 BANGKOK (662) *****67 MANILA (632) *****61 P.KELANG: (03) *****77 JAKARTA: (21) *****07 SURABAYA: (31) *****0 HKG/TWN/BKK GENOA/EUROPE PEN PKL SIN 5 SAILINGS/WEEK PEN
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      Page 36 Advertisements Column 2
      188 36 SEAWARD SHIPPING AND TRADING CO (S) PTE LTD ET* ETA CM SPORE rat KELMG POUNG BLUE MIX 3/1/94 loading lor MaK *UVM MUOMU 51 94 Oisthaiprg and loading lo« Bombay DOtPHP ?8 1? loading for Matt riONEUt sumac ivi 94 loading For Male UMEEDH SMED loading For Max PROGRESS IHI
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      Page 36 Advertisements Column 3
      977 36 r jr thong soon unes pte ltd I 78 SHENTON WAY #10-01, SINGAPORE 0207 I I m 227-5088 FAX: 227-6011 I I TLX: RS ***** CARRIER, RS ***** JENHOi CABLE: TOSOCO I SINGAPORE TO SARAWAK VESSEL m S PORE MST VESSEL |VOT Is PORE IOEST EQUATOR JADE 99/3E 31 DEC
      977 words
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      Page 39 Advertisements Column 1
      20 39 \Cw''J* I TIGERS Nobody covers East Asia like we do. j The Region. Everyday. m Business Times ww atom Am
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      Page 39 Advertisements Column 2
      53 39 -—j Bftxifeve Housekeeper -this 0«n I wants >s me. But I'll never negto-1 V -this baby J 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 Harian Berita Minggu
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  • Page 39 Miscellaneous
    • Miscellaneous
      Page 39 Miscellaneous Column 1
      703 39 TODAY'S TIDES (hriffrt in metres) HO* 0000 0100 0200 0300 0400 0500 0600 0700 MOO MOO 1000 1100 1200 1300 1400 1500 1600 1700 1100 1900 2000 2100 2200 2300 2.3 2.1 1J 1.5 1.3 1.2 1.3 1.6 22 2.7 3.0 3.1 2.9 2.5 1.9 1.4 1.0 0.7 0.5 0.6
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      Page 40 Advertisements Column 1
      577 40 _j_ VIGOUR PACIFIC LINES VESSEL VOYAGE SINGAPORE MAMLA VIGOUR PACIFIC 9401N 31/12/93 08/01/94 VIGOUR PACIFIC 9401 AN 03/01/94 08/01/94 LOAMNG EVERY VIGOUR SINGAPORE 9402N 15/01/94 FWMY MOND Y VESSEL PORT KLANG PENANG SINGAPORE VIGOUR PACIFIC 9401N 31 12, 93 02/01/94 03/01/94 PENANG JAYA 825 03/01/94 04/01/94 06/01/94 VIGOUR SINGAPORE 9402N
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      Page 40 Advertisements Column 2
      298 40 @APPENSHIP (3\ HAMBURG [7\J CONVENTIONAL INDEPENDENT LINER SERVICE EUROPE TO SOUTH EAST ASIA AND FAR EAST VESSELS LOADING PORTS DtSCHAJTCE/LOMNNG FOR FORUM AKASAKA ANTWERP 05.11.93 In Port HARMONY SEA 13.11 93 In Port FRUITION ANTWERP 23.11.93 SPORE 6/1 BKK 11/1 KOALA CONTAINER LINE STORE FIX HAM ROT lEH DKK CS
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      Page 40 Advertisements Column 3
      416 40 i. cosco UKC CONVENTIONAL SERVICE VESSEL PKL PNG P.G. LOADING FOR: A VESSEL 28/12 Rotterdam/Antwerp t s CHINA CONVENTIONAL VESSEL PKL PNG P.G. LOADING ?«R A VESSEL 15/12 20/12 Huangpu/Guengzhou COSCO FULL CONTAINER SERVICES (FCL/FCL) EXPORT TO: CHINA/BANGKOK/HONGKONG EUROPE/CONTINENTAL WEST MEDITERRANEAN AUSTRALIA US WEST COAST PERSIAN GULF/KARACHI Please refer above
      416 words
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      Page 41 Advertisements Column 1
      956 41 I HYUNDAI I MERCHANT MARINE CO. LTD. WESTBOUND TO EUROPE BKG: *****61 VESSELS VOV PHA I PKE PGP I VESSELS VOT ISW I RTM AHT* LEH* HAM Bttj FEL MM ADVANCE 034 A 27/12 28/12 30/12 H. INNOVATOR 307W 03/01 21/01 21/01 22/01 23/01 23/01 2S/01 NOR MALACCA 9401 A
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      Page 41 Advertisements Column 2
      480 41 STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS INBOUND VESSELS vtssu MT sr n mc u COSMC TMHI 42 hPt (21 fee) M/U SUI HUSH 12 «/l l/l COSMC USUI Rt l/l TMM 24/1 ustiw Kta m i/i 3/1 KEtSWM V 24 11/12 2/1 OtiKl MT IU 7/1 l/l
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      Page 41 Advertisements Column 3
      907 41 VESSEL VOY |SW HA/D I LAX OAK I CH 1 DAL KM/COL I HOU 1 NYC NOR "1 MACKMAC BRPGE 73* 30-31/12 li/01 11/01 13/01 20/01 20/01 21/01 21/01 22/01 ALLCATOR PRCE 4IA 06-07/01 23/01 25/01 20/01 27/01 27/01 21/01 21/01 25/01 GEORGE NASHWGTON BR 75* 13-14/01 30/01 01/02 02/02
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