The Business Times, 4 January 1994
1994-01-04
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The Business Times
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Title Section13 1994-01-04 1 Business Times MITA(P) 010/12/93 Tuesday January 4 1994 WE KHOW ASIA 75 c13 words
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2am LATEST
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Article39 1994-01-04 1 AFP NEW YORK The Dow Jones Index stood at 3,752.41, down 1.68 points, at I pin EST, depressed by a sharp rise in long-term interest rates after reports of encouraging US economic data. AFPAFP - 39 words
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Article69 1994-01-04 1 Reuter NEW YORK US investors purchased a record net US$25.l billion (5540.2 billion) foreign equities in the third quarter of last year, as well as a peak USS2I.4 billion of foreign corporate and government bonds, according to the Security Industry Association yesterday. Through the firstReuter - 69 words
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70 1994-01-04 1 AFP WASHINGTON The US and Japan are very far apart in trade negotiations, particularly with regard to automobiles, JcfTrcy Garten, Undersecretary of Commerce for International Trade, told the Wall Street Journal yesterday. Washington and Tokyo arc trying to negotiate a framework forAFP - 70 words
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Article112 1994-01-04 1 Stock market indices Mondat Chance Sill 2.441.53 15.85 KLSE Composite ...1.288.85 13.53 Nikkei dosed Hang Seng 12.086 49 198 I SEI Index closed Jakarta Composite ...589.65 +0.88 CLSA China B 1.458.98 -2.31 Aust All Ord closed FTSE 100 closed Monday Previous I pm close Dow Jones 3,<52.4I 3.754.09112 words
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Article, Illustration249 1994-01-04 1 R Sivanithy - By R Sivanithy SINGAPORE Four regional stock markets yesterday opened the New Year on a record high note. In Singapore, investors, cheered by the news that 1993 economic growth will be around 9.8 per cent, chased the Straits Times Industrials Index up 15.85Source: Bridge Info - 249 words
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491 1994-01-04 1 Reuter KUALA LUMPUR Malaysia's central bank. Bank Negara, said ycstcFday it was raising the statutory reserve requirement of all commercial banks, merchant banks and finance companies to 9.5 per cent of their eligible liabilities from 8.5 per cent. "The increase will mopReuter - 491 words
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Article, Illustration500 1994-01-04 1 Ven Sreenivasan - By Ven Sreenivasan SINGAPORE British tobacco giant Rothmans' share prices tumbled on both sides of the Causeway following news that the proposed merger of its Malaysian and Singapore subsidiaries into an Asian holding company had fallen through. After plunging $1.75 during the firstSource: Bloomberg - 500 words
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Article165 1994-01-04 1 Bloomberg Business News. Reuter WASHINGTON US construction spending advanced 1.8 per cent during November to the highest level ever, providing a firm foundation for the country's economic expansion, the Commerce Department said yesterday. It was the seventh consecutive monthly gain. (onstruction spending totalled a seasonallyBloomberg Business News.; Reuter - 165 words
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420 1994-01-04 1 The Straits Times KUALA LUMPUR The ruling National Front led by Umno is gearing itself for an early general election, which could he held between July and October this year. Although it need not seek a fresh mandate until early 1995, the FrontThe Straits Times - 420 words
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450 1994-01-04 1 Joseph Rajendran - By Joseph Rajendran SINGAPORE Local firms Sunright and Falmac Machinery have bccomc the first this year to obtain listing approval from the Stock Exchange of Singapore. A company official said yesterday Sunright would offer its shares to the public tomorrow. Two others,450 words
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Page 1 Advertisements
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Advertisement176 1994-01-04 1 Nikoni The World's Finest Photographic System tf**e t Hcc* Tfeon. uaOA die 1 NAM Camera Centre Max Photo #03-10 Centrepoint Tel: 733 3848/733 3868 li CONTENTS News Companies S pore News 2 15.16 Regional News 3.4.5 Financial 19.20 florid News 6 Features Markets Analysis 13 dob/HISE. SfS 24 26 Editorial176 words
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Advertisement62 1994-01-04 1 Property: p K 9 Thakral buying Aussie properties So who's been buying into Singapore property? Foreign buyers. They now account for 30 per cent of the value of all properties sold in Singapore Page 2 China is tops with Japanese investors Manufacturers in Japan have again picked booming China as62 words
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Advertisement6 1994-01-04 1 Asean's top 50 companies Page 166 words
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Advertisement31 1994-01-04 1 Hock Ijock Siew: p K 15 V Appointment that may change F&N Full reports. Pages 22-26 Kditorial: Educating the naive investor. Page 12 USs7osm poured into HK unit trusts. Back Page31 words
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Advertisement45 1994-01-04 1 The Baftlm Line: Pg 14 Pwpmfif and the global economy Ij J I (artier Boutique/ SINGAPORE Ngee Ann City, Tower B, #01-11,391 Orchard Road. Tel: *****27 Hilton International, #01-04, The Shopping Gallery, 581 Orchard Road. Tel: *****95 Palais Renaissance, #01 -03,390 Orchard Road. Tel: *****9345 words
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Advertisement27 1994-01-04 1 \tUkoni The World's Finest Photographic System Sept# ifoux flem Ifcevt tvttA tAc o ?Ou*t g Nikon Camera Centre Super Photo #03-26 Orchard Point Tel: 737 4481/734 381627 words
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SINGAPORE NEWS
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eye on the ECONOMY
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Article, Illustration324 1994-01-04 2 Schutz Lee - By Schutz Lee SINGAPORE'S non-oil domestic exports are likely to have grown by about 14 per cent in the last two months of 1993, up from 9.3 per cent in October, to bring the year's total to 572.9 billion in volume terms. This amounts to an annual increaseSource: Trade Devt Board - 324 words
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246 1994-01-04 2 GLENEAGLES Hospital and the Health Maintenance Office Ptc Ltd (HMO) an organisation for private doctors have announced a scheme that offers package rates for hospital stays. The scheme, a first in Singapore, aims to provide total health-care at an affordable246 words
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651 1994-01-04 2 Anna Teo - By Anna Teo ECONOMIC growth this year could be volatile, if the strong 9.8 per cent expansion last year was fuelled largely by Hush liquidity and frenzied stockmarket trading, economists said yesterday. Caught by surprise yet again by the GDP growth rate, announced by651 words
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582 1994-01-04 2 Most received between 6.8 and 7.2 per cent rises last year: survey COMPANIES are moderately optimistic about wage growth and bonus payments this year, but expect to pay less than they did last year, according to the582 words
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Article, Illustration470 1994-01-04 2 Abdul Hadhi - By Abdul Hadhi FOREIGN buyers now account for 30 per cent of the value of all properties sold in Singapore. According to industry sources, the bulk of the interest comes from Hongkongers and Indonesians, who buy mainly condominium units. The interest in470 words
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487 1994-01-04 2 A J Leow, Corinne Kerk - Full-day Area Licensing Scheme By A J Leow, Corinne Kerk MOST retailers, hotels and restaurants in the central business district said it was still too early to assess the impact of the full-day Area Licensing Scheme has on their487 words
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Article, Illustration344 1994-01-04 2 THE first day of the full-day Area Licensing Scheme (ALS) was marked by a different sort of congestion long queues to buy ALS discs from roadside booths. The delay resulting from the surge in demand for the discs was worsenedPhoto by Arthur Lee - 344 words
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Page 2 Advertisements
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Advertisement51 1994-01-04 2 Wfe reach the people who make your future happen Job hunting? Doesn't it make sense to look in the same place the employers are advertising? That is why it makes sense to look in today's Straits Times Appointment Section, for the most opportunities of finding the job you are looking51 words
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THE REGION
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358 1994-01-04 3 Reuter JAKARTA Indonesia announced yesterday fresh incentives for oil exploration in remote and high-risk areas of the archipelago to help boost reserves and stave off the day it becomes an oil importer. The central plank of the long-awaited incentives wasReuter - 358 words
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150 1994-01-04 3 JAKARTA Indonesia on Saturday lowered tariffs on 1,941 types of products imported from fellow Asean members under a Common Effective Preferential Tariffs (CEPT) scheme, says a Jakarta Post report. "The tariff reduction was introduced to facilitate Asean's agreement on the liberalisation of150 words
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253 1994-01-04 3 Reuter JAKARTA Indonesia's armed forces (Abri) will continue to play a significant political role for the foreseeable future despite signs that their influence is being eroded, officials and foreign diplomats say. Last year was difficult for Abri. which hasReuter - 253 words
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373 1994-01-04 3 Al Labita - From Al Labita in MANILA MANILA President Fidel Ramos said yesterday that the first quarter of his six-year term has served as a springboard for a sustained surge of the country's economy in the years ahead. In a nationally-televised speech. Mr373 words
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337 1994-01-04 3 Reuter, AP HANOI Vietnam needs to invest hundreds of billions of dollars to upgrade its transport system in the coming years as it races to improve harbours, airports, railways and roads to meet surging demand, the official Vietnam News Agency (VNA)Reuter,; AP - 337 words
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ASIA NOTES
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Article106 1994-01-04 3 Reuter TAIPEI Taiwan plans to ease restrictions on investment in the island by Hongkong-based airlines and banks in which China holds stakes, the L'niied Daily News newspaper said yesterday. Currently, Hongkong firms in which China holds a stake of more than 20 per cent areReuter - 106 words
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91 1994-01-04 3 UPI BEIJING In a bid to lower its shocking industrial accident death toll, Chinese authorities have targeted fire-prone foreign garment factories in a clampdown on enterprises not conforming to new fire prevention regulations, the official media said yesterday. The Ministry of Public Security issuedUPI - 91 words
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Article, Illustration50 1994-01-04 3 Reuter NEW DELHI Policeman Narender Singh pulling a 150-tonne diescl locomotive with his teeth at Delhi's railway station on Sunday in a bid for a place in the Guinness Book of World Records. Mr Singh pulled the engine over a distance of 8.5 metres. ReuterReuter - 50 words
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Article63 1994-01-04 3 Bloomberg Business News TOKYO The Japanese government will reduce tax on the ownership of land used for public purposes, including parking lots, by one-third or one-fourth of the current level, the Yomiuri newspaper said yesterday. The move is part of the government's efforts to stimulateBloomberg Business News - 63 words
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60 1994-01-04 3 Reuter JAKARTA Indonesian police have smashed what they believe is the country's largest fake credit card syndicate and arrested three suspects in Sumatra, the official Antara news agency said yesterday. A police official said the suspects, arrested in Sumatra's capital Medan on Dec 31, admittedReuter - 60 words
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863 1994-01-04 4 China's economic reforms Prices may increase as tax hikes and yuan flotation take effect Bloomberg Business News BEIJING Foreign ventures in China, already reeling from Beijing's surprise decision to float the yuan last Saturday, are now scrambling to cope with a package of taxBloomberg Business News - 863 words
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391 1994-01-04 4 Reuter HONGKONG The colony assumes that Britain and China will reach agreement over the deadlocked financing for its planned new airport within a few months, a senior government official said yesterday. The government has published a Bill to make fund-rais-ing for the U5522.5 billionReuter - 391 words
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198 1994-01-04 4 Bloomberg Business News. Reuter HONGKONG China would continue to accept foreign exchange certificates even though the government had decided to stop issuing them, the China Daily reported. Citing a circular released by the People's Bank of China, the country's central bank, the paper said FECBloomberg Business News.; Reuter - 198 words
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Article, Illustration67 1994-01-04 4 Reuter HONGKONG Iran Thai Thuy, 21, heads into a marriage hall as a camp supervisor helps Nguyen Thanh Thuy from a truck that brought the Vietnamese women from a detention centre on Sunday. Girls as young as 16 are among the many Vietnamese applying to marryReuter - 67 words
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348 1994-01-04 4 AFP TAIPEI Taiwan had set a June deadline this year for the privatisation of three state-run firms, economic officials said yesterday. Taiwan plans to privatise 10 state firms but has selected Taiwan Machinery Manufacturing Corp. BES Engineering Corp and China PetrochemicalAFP - 348 words
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Article, Illustration567 1994-01-04 4 China Daily. Reuter. Bloomberg Business News BEIJING Chinese Premier Li Peng, warning rapid price rises could bring instability, urged caution on economic speed and inflation in interviews published yesterday. Despite his warnings, economists said. China's overheating economy would surge again with bothChina Daily.; Reuter.; Bloomberg Business News - 567 words
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331 1994-01-04 4 NYT BEIJING Despite continuing abuses of human rights. China has made "dramatic progress" in improving the lives of its citizens, says US ambassador J Stapleton Roy. He argued that this record should be taken into account when policy toward China is reviewed earlyNYT - 331 words
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210 1994-01-04 4 UPI BEIJING Concerned that state assets are being sold ofT at bargain prices, the government has ordered a temporary ban placed on the sale of state housing, official media reported yesterday. In a nationwide circular issued on Sunday, the State Council.UPI - 210 words
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608 1994-01-04 5 Knight-Ridder. Reuter BOMBAY lhe Indian rupee will become "more convertible". with the government relaxing foreign exchange regulations in the fiscal 1994-95 budget, say forex dealers, economists and finance managers at leading corporations. With foreign currency reserves at a record high, topping US$9.BKnight-Ridder.; Reuter - 608 words
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Article, Illustration72 1994-01-04 5 Reuter CALCUTTA A herd of 40 wild elephants passes crops on the way back to its forest home in Bangkura, about 90km north of here on Sunday. The herd wandered into a densely populated industrial area of the eastern state of West Bengal lastReuter - 72 words
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343 1994-01-04 5 Reuter KARACHI Pakistan's textile industry urged the government to tloat the rupee to ease the expeeted blow to the industry from China's devaluation of its currency. "Pakistan should immediately float its currency following the Chinese yuan devaluation. otherwise our textile products will beReuter - 343 words
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272 1994-01-04 5 Reuter. AFP TOKYO Japanese business leaders predict a hard year ahead with the economy in the doldrums and a government unable to act swiftly to enact economic-boosting measures, according to a poll released yesterday. A Kyodo news agency survey of top executives ofReuter.; AFP - 272 words
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189 1994-01-04 5 Reuter ISLAMABAD Pakistan and India failed to narrow their differences on the potentially explosive issue of Kashmir after two days of unprecedented talks on the disputed Himalayan region, officials said yesterday. Pakistan said no future talks could ho held unless India reducedReuter - 189 words
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Page 3 Advertisements
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Advertisement264 1994-01-04 3 hie to make anyone who has bought any other sports vehicle look rather mild-mannered by comparison delivers equally wondrous handling and response. Or you can say "whoneedsanotherultimatedrivingmachine". /M sedan wish he hadn't Take its heroic 16-valve VTF.C lung, a technological a Grade Logic Control that guarantees an ama/ingly Better still,264 words
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Page 4 Advertisements
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Advertisement229 1994-01-04 4 PAN UNITED RESULTS FOR SHARE APPLICANTS 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 MMMHI* I i f ilk ill229 words
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Page 5 Advertisements
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Advertisement157 1994-01-04 5 '/< V li^^HßH^nu^ KiHH HK/ ii^H ■■IH^Vs^vsftil S?• 'iS v |BB^ "THANKS TO SIA CARGO 800,000 LIVE TROPICAL FISH SAFELY TAKE TO THE AIR EVERY WEEK." VW PATRICK CHIN CHAIR VAN Of SUNBEAA,' AQUARIUM PTE LTD "Flying 800,000 live tropical fish 35.000 feet They also provide the perfect temperature- You157 words
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THE WORLD
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390 1994-01-04 6 Reuter WASHING I ON About two million jobs will be added to the US economy in 1994, Labour Secretary Robert Reich predicted yesterday. Mr Reich predicted the unemployment rate eould fall to as low as 6Reuter - 390 words
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WORLD WATCH
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78 1994-01-04 6 Reuter MOSCOW President Boris Yeltsin's priorities for 1994 are to stabilise Russia's economy and protect the country's national interests, his spokesman said yesterday. "Securing financial stabilisation. lowering inflation, strengthening the rouble and support for healthy production forces will be priorities," Mr Vyacheslav Kostikov told Tass. "UndisputedReuter - 78 words
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Article, Illustration58 1994-01-04 6 Reuter NEW YORK Rudolph Giuliani (left) being sworn in as the Mayor of New York City by District Judge Michael Mukascy at the City Hall in Manhattan on Sunday watched by his wife Donna, daughter Caroline and son Andrew. Mr Giuliani is the firstReuter - 58 words
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101 1994-01-04 6 Reuter DUBLIN Irish Prime Minister Albert Reynolds hinted in remarks published yesterday at concessions towards the IRA's political wing. Sinn Fein, to salvage an Anglo-Irish peace deal on Northern Ireland from collapse. Mr Reynolds said a Dec 15 Anglo-Irish joint statement to endReuter - 101 words
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379 1994-01-04 6 Reuter BONN Chancellor Helmut Kohl said in an interview broadcast on Sunday that the Balkan war and the rise of ul-tra-nationalism in Russia showed the need for Germany to maintain a capable defence. "Anyone who takes a good look around in theReuter - 379 words
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Article, Illustration44 1994-01-04 6 AFP PORGE, France Children taking a close look at the carcass of a 19-metre-long whale on the Porge beach on Sunda> Authorities have called in specialists to determine the cause of the mammal's death. AFPAFP - 44 words
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350 1994-01-04 6 Reuter KUWAIT The golden bonanza never came for foreign companies seeking to help rebuild Kuwait after the Gulf War. Three years on. new offset trade obligations have added to the challenge facing contractors already hit by the emirate's post-war economicReuter - 350 words
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307 1994-01-04 6 Reuter SAN FRANCISCO Major players in the world's electronics industry will descend on Las Vegas this week to view the iatest toys and gadgets displayed at a four-day exhibition that kicks off tomorrow. Some 70.000 people are expected to attend the Consumer ElectronicsReuter - 307 words
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279 1994-01-04 6 Reuter LISBON Portugal's privatisation drive is running out of steam as the economy stagnates and local investors refuse to pay the asking price for financially troubled firms which foreigners are discouraged from buying. The government planned to earn 225 billion escudos (552.06Reuter - 279 words
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360 1994-01-04 6 NYT PARIS Greece yesterday took over the presidency of the European Community for the next six months, but many EC observers doubt that the realpolitik of the EC will permit much progress to be made on Greece's favoured areasNYT - 360 words
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Page 6 Advertisements
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Advertisement316 1994-01-04 6 1 N v 1 s M E N T The emerging markets conference specialist brings you IN F®C U S essential in-depth business forums on doing business in ecus limited CHINA, VIETNAM and INDIA PROFITING FROM MADE IN THE "NEW" INDIA VIETNAM Capitalising on Investment in a wlmm I um316 words
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Advertisement196 1994-01-04 6 PjTl University of South Australia DOCTOR OF PHILOSOPHY (PH.D.) DEGREE IN BUSINESS AND MANAGEMENT Ist Intake March 1994 By Research Admission Requirements: An MBA degree or a specialist Master's degree plus substantial management, business, consultancy or academic experience. Holders of a first class honours degree from a reputable university with196 words
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SPORTS
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Article, Illustration723 1994-01-04 7 Reuter EAST RUTHERFORD. New Jersey A heroic effort by rushing champion Emmitt Smith carried the Dallas Cowboys to a tense 16-13 overtime win over the New York Giants on Sunday as the National Football League play-off picture was completed. Dallas' victory earned theReuter; AFP - 723 words
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344 1994-01-04 7 AP NEW YORK Leßon Ellis scored a career-high 15 points, including a go-ahead threepoint play in overtime as Charlotte beat the Knieks 124-123 on Sunday night. The Hornets have beaten Chicago and New York in their last two games withoutAP - 344 words
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Article, Illustration33 1994-01-04 7 Reuter SYDNEY Richard Snell (left) applying numbing spray to pace man Allan Donald's right knee during play in the Second lest between Australia and South Africa yesterday in Sydney. ReuterReuter - 33 words
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SPORT SHORTS
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Article, Illustration165 1994-01-04 7 AP AFP TURIN, Italy Prime Nebiolo. president of track's world governing body, the International Amateur Athletics Federation, said entry bonuses and richer prizes would be given at the 1995 World Championships to meet growing demands by athletes. In an interview with the Turin's daily La Slanipa. published yesterday. MrAP; AFP - 165 words
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Article, Illustration160 1994-01-04 7 AP AP EAST RUTHERFORD, New Jersey Not even missing two games at the beginning of the season could keep Emmitt Smith of the Dallas Cowboys from winning his third straight National Football League rushing title. Smith, playing the second half and overtime of Sunday's 16-13 victory over theAP - 160 words
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Article, Illustration44 1994-01-04 7 AP NEW YORK Results of games pla>ed on Sundav Charlotte 124 New York 123 (OT): New Jersey 101 Boston 97: Miami 93 IX'troit 85: Utah 92 Portland 90; San Antonio 94 LA Lakers 92: Philadelphia 96 Denver 80: Sacramento 119 Dallas 116. APAP - 44 words
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Article, Illustration52 1994-01-04 7 AP NEW YORK Results of games pla>ed on Sunda> Boston X Washington 2; San Jose 4 Edmonton 4; Montreal 3 Vancouver 2; Hartford 7 Pittsburgh 2: Toronto 3 Buffalo 3; Anaheim 4 Tampa Bay 1; St Louis 4 Calgary 3 (Of Quebec 6 Dallas 4: Chicago 5 WinnipegAP - 52 words
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Article, Illustration82 1994-01-04 7 Reuter KI AI.A LUMPUR Pakistan's Zarak Jahan Khan and Mir Zaman Gul have been named top seeds for the Asian championships starting here on Jan 15. Holder Abdul Faheem Khan of Hongkong, who won the title in Peshawar to become the first non-Pakistan Asian champion, is seeded in theReuter - 82 words
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Article, Illustration407 1994-01-04 7 AP AP AP AP PERTH Ivan l endl is taking a positive attitude into what may be his final year as a tennis player. Now 33. Lendl finished 1993 ranked 19th in the world. It vvas the first time since 1979 he finished with a ranking outside the topAP - 407 words
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490 1994-01-04 7 Hopman Cup AP PERTH Wally Masur downed Cedric Pioline in straight sets yesterday, leading Australia to a 3-0 Hopman Cup quarterfinal victory over France, but then denounced the new electronic line-calling system. Masur beat US Open finalist Pioline 7-5. 6-4 in the men'sAP - 490 words
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282 1994-01-04 7 AFP ADELAIDE New Zealand's eighth seed Brett Steven ousted Zimbabwe's Byron Black 6-3, 6-2 at the Australian men's hardcourt tennis championship here yesterday. Rain delays meant that only four of the scheduled eight singles matches for the openingAFP - 282 words
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Page 7 Advertisements
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Advertisement317 1994-01-04 7 raf mnninglDGE IN-DEPTH BUSINESS -ml NEWS r .—isL— the local and regional business scenes with more depth and breadth from a perspective which is more relevant to local businessmen than any other publication. Some may call it an unfair advantage. We at Singapore Business call it the 111 IAI f317 words
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Page 8 Advertisements
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Advertisement26 1994-01-04 8 Rffifl "THEY DIDN'T" H SALES 1993 SALES 1993 YELLOW PAGES. YOUR BUSINESS BUILDER fin CALL 1800-296 1633 I yellow pages® YELLOW PAGES IS A REGISTERED TRADEMARK.26 words
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PROPERTY & CONSTRUCTION
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718 1994-01-04 9 Florence Chong - It plans to list holding company, look for new opportunities, reports Florence Chong from Sydney Florence Chong THE Singaporebased Thakral group is set to power ahead in the New Year Down Under. First, the group is expected to seal a AS26O million (SS2B2718 words
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Article, Illustration700 1994-01-04 9 Florence Chong - From Florence Chong in SYDNEY INVESTORS from Singapore were the most active buyers in the Australian hotel market in the past year, creating a record year for the industry. If sales pending, including the purchase of eight hotels by the Singapore-based Thakral Group, are700 words
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504 1994-01-04 9 Bloomberg Business News FOREIGN companies attracted by China's rapid economic development have poured into Beijing at an unprecedented pace, sending office rents through the roof in response to the higher demand. Already the Chinese capital is the sixth most expensive cityBloomberg Business News - 504 words
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363 1994-01-04 9 Abdul Hadhi - By Abdul Hadhi CHINA'S move to impose a hefty eapital gains tax on property deals is unlikely to hit Singapore businessmen as hard as some other foreigners. Sources say the tax which ranges from 30 per cent to 60 per cent363 words
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225 1994-01-04 9 Florence Chong - From Florence Chong in SYDNEY THE Ongko Group of Indonesia has bought more than a third of Kadisson Hotels Australia, a hotel management company, for an undisclosed sum. The Indonesian company, owner of the Dai Ichi Hotel, which opened in Jakarta earlier last225 words
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Article312 1994-01-04 9 Jones Lang 3^-Wootton Selected market transactions in the past week Date of Built In area Sale price transaction District T H» ft ft)* T#nure (Si) PRIVATE Dec 26,1993 0512 Parte West Apt 1997 99LH 678,000 604 Dec 28.1993 0923 Belle Vue Apt 2314 FH *1,050,000 454 Dec 25,1993312 words
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REGIONAL SKYLINE
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Article85 1994-01-04 9 Bloomberg Business News HONGKONG Government plans to reduce the density of commercial buildings in crowded parts of Hongkong could cut land values, says a property analyst. The government intends to reduce plot ratios which control the degree of development on a site in Kowloon. theBloomberg Business News - 85 words
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Article78 1994-01-04 9 Reuter TOKYO Condominium prices here continued to fall last month, says research firm MRD. Sixty-one per cent of 624 real estate firms polled on Dec 14 said condo prices were lower than a month earlier. Thirty-three per cent said prices were about the same. TheReuter - 78 words
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Article62 1994-01-04 9 BANGKOK Rents for ccntrally loeated officcs arc cxpcctcd to remain stable despite a projected vacancy rate of 15-18 per cent until the late-*****, says Colliers Jardinc as reported in Bangkok Post. "Continuing economic growth and expansion of the service sector should see the demand for well-located,62 words
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Article66 1994-01-04 9 Australian Financial Review SYDNEY The Sydney CBD finished 1993 on a strong note, with property sales totalling more than AS2OO million (SS2I7 million) in the three months to Dec 13. Although this was lower than in the previous three months, the third-quarter figures got aAustralian Financial Review - 66 words
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Article57 1994-01-04 9 HONGKONG Some foreign companies with regional headquarters here have voiced concern at the rapidly rising cost of otTiccs and apartments, says a government survey. Hongkong's attractiveness as a regional HQ has deteriorated in the past year, according to 22 per cent of 436 companies polled.57 words
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Article52 1994-01-04 9 BANGKOK The new president of the Engineering Institute of Thailand, Arun Chaiscri, plans to ask the government to limit the local operations of foreign architects and engineers, reported Bangkok Post. He says that foreigners wanting jobs in Thailand should have to seek resident status and possess Thai52 words
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Page 9 Advertisements
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Advertisement66 1994-01-04 9 43 SIXTH AVENUE SINGAPORE 1027 Residential Development Site 7 i J g J Total Site Area 4,797 sq. m. (51,633 sq. m.) approx. FREEHOLD. Lots 1336 24-273. MK 4 Provisional permission obtained for a proposed low-rise Condominium Housing Development Subject to Existing Tenancy. Closing Date: 12th January 1994 (Wed), 4:oopm.66 words
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Page 10 Advertisements
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Advertisement1357 1994-01-04 10 M Beats A Bud. where t wine, dine and entertain OK ■Machine 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 4m (till 2am on Fridays,1,357 words
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LIFESTYLE
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Article, Illustration658 1994-01-04 11 The pleasure revenge has been making a slight but steady gain NYT Rather than pledging to be perfect and subjecting themselves to an abstemious, healthful, aerobicised life in 1994, more people seem to be indulging in the sybaritic, choosing the massage table overNYT - 658 words
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Article, Illustration466 1994-01-04 11 CHATTERBOX Reuter Reuter UPI Reuter SANTA MONICA, California Veteran movie and television actor Cesar Romero, well known for his portrayal of The Joker in the Batman television series, has died. He was 86. Romero died late last Saturday evening at Saint John's Hospital and Health Center inReuter; UPI - 466 words
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Page 11 Advertisements
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Advertisement243 1994-01-04 11 IHr English Karaoke lounge 4 where you can be a star! u li m wall Happy Hours: f\vmrjy 6.00 pm 9.00 pm. C 9 AMARA-HOTEL SinKipoip IbS Road. Singaporeo2o6, Tel: 224 4488, Telex: RS SSBB7 AMARA. fcleiax: 224 3910 GENUINE taste OF ITALY. Come and dine at Pasta Fresca. Let243 words
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Page 11 Miscellaneous
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Miscellaneous1291 1994-01-04 11 TV RADIO Highlander II: The Quickening, I 11.00pm, SBCS HL J Leaden 1990 sequel about the Chris Lambert wants days the er a Ironan from home who unleashes comic White Nights, 8.30pm, TV 2 dancer who to the the refuse to go European Concert The Berliner Philharmoniker SBC To celebrate1,291 words
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Article601 1994-01-04 12 EDITORIAL THERE is a tale making the rounds in the Singapore stockmarket that says a great deal about its current state. A broker apparently got a call from a client asking to buy "Guthrie Lern". What the caller meant was Guthrie's loan stock, which appears in601 words
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WHAT THE OTHERS SAY
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Article271 1994-01-04 12 UNDER THE peace accord reached last September, Israel was to begin withdrawing its troops from the occupied territories of Gaza and Jericho on Dec 13. Delay in implementing the accord has weakened public support for it on both sides by encouraging doubts and suspicions in271 words
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Article230 1994-01-04 12 TWO MONTHS AGO, the taxi companies applied to the Public Transport Council (PTC) for a fare increase. They argued that the fare increase would counter higher costs of operation. This includes maintenance costs, spare parts prices and the cost of Certificates of Entitlement to register taxis.230 words
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Article171 1994-01-04 12 "EVERY Singaporean a shareholder" was picked as the hottest news item last year by Zaobao readers. Our shareholders/population ratio topped the world after the public share offer by Singapore Telecom last year. No doubt the excellent performance by the share market was linked to the Telecom171 words
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Article220 1994-01-04 12 THE ADMONITORY TONE in the Prime Minister's New Year Message is not merely a perfunctory damper on an increasingly gung-ho Malaysian attitude to lucrative enterprise. Capitalism cannot work without the inspiration of competition, measured in profit. The point at which the motivation for bona fide profit220 words
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Article168 1994-01-04 12 SOMEHOW, THIS FEELS like an unusual end of the year. After all, who would think of giving warnings and cautions as a year-end message? But that is exactly what has been happening in the last several days. As if orchestrated, scores of officials in charge of political168 words
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Article, Illustration990 1994-01-04 12 Leon Hadar - Leon Hadar examines the challenges facing the American-European relationship Leon Hadar The writer is a Washington-based journalist who contributes to BT IT WAS only a few months ago that top US officials were suggesting that Washington was about to bid farewell990 words
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Page 12 Advertisements
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Advertisement797 1994-01-04 12 BUSINESS TIMES TOLL—FREE TEL. No. 1-800-741-1883 1AX:741-1298 IN THE MATTER OF THE COMPANIES ACT, CAP. SO AND IN THE MATTER Of CASTLEHILL (S) PTE LTD (In MwitilSH' Voluntary Liquidation) NOTICE OF RESOLUTIONS Alan Extraordinaiy General Mealing ot the merrbers of the abovenamed Company duly convened and held at 350 Orchard797 words
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Advertisement707 1994-01-04 12 IN THE MATTER OF THE COMPANIES ACT, CAP 50 IN THE MATTER OF MULIA MUSA PTE LTD (M MEtßEftf WOUMTMV MOfiWI NOTICE IS HEREBY GIVEN hat at an Eitaordfoary Genera Mating of tw Company was convened and Md at 99 .Ulan Hay Aias, Singapore 1026 on 03 January 1994 N707 words
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Page 12 Miscellaneous
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Miscellaneous119 1994-01-04 12 rfj VI m LOOtciHC f o «upkd it) -rwe r.Rm's IScoS^ D c TS CHR»STmf\S P«ND DAiNCe. ToNiGnn-.. I OVEK OK PPreR po.l_, it To Be u»v4K>n(3 boots AOSPIOOUS OCCASION J P€«*y Cwß.srmAS Part/ B pH| -k*y sS f AMOCIATID WtW»»tW LTO. W> DOONESBURY GARRY TRUDEAU ANYA/AV <n TMIPJJ IN'119 words
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ANALYSIS
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805 1994-01-04 13 Lawrence Malkin - Gary Shilling, who runs an economic consultancy and investment firm in New Jersey, is one of America's more celebrated bears. With signals set fair for the US economy, he discusses his contrarian views with Lawrence Malkin Lawrence Malkin IHT Q: WHAT isIHT - 805 words
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Article, Illustration1262 1994-01-04 13 Steve Lohr - Steve Lohr on when a promising technology becomes an industry Steve Lohr NYT Technology and the marketplace are an odd couple. Technology is about what's possible or producible; business is about human wants, needs and pocket books. Yet a breakthrough technology the telephone, the jet engine,NYT - 1,262 words
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1159 1994-01-04 13 Edmund L Andrews - US telephone companies plan to spend billions of dollars to build advanced networks. Edmund L Andrews reports Edmund L Andrews NYT FEW things are really certain about building the fabled electronic "superhighway," except this: it will cost a staggering amount of money. HowNYT - 1,159 words
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Page 13 Advertisements
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Advertisement25 1994-01-04 13 STRAIGHT TALK You shouldn't have to read between the lines to get the full picture. Companies Markets. Everyday. ■P I 1 Business Times •coot Am25 words
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582 1994-01-04 14 Chuang Peck Ming - By Chuang Peck Ming SINGAPORE Japanese manufacturers have again picked booming China as the hottest spot for investments and plan to step up their presence there in the New Year, says a survey by the ExportImport Bank of Japan. The United States582 words
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305 1994-01-04 14 AFP SEOUL South Korea is preparing for the possibility that a breakthrough in US-North Korean nuclear talks will lead to recognition of Pyongyang by Washington and Tokyo, Foreign Minister Han Sung Joo said here yesterday. "We plan to establish measuresAFP - 305 words
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305 1994-01-04 14 AFP AP SEOUL Brisk exports of cars, electronic goods and machinery helped South Korea cut its 1993 trade deficit to US$l.35 billion (552.16 billion) from US$5.l4 billion the previous year on a customs clcarance basis, officials said yesterday. South Korea is also believedAFP; AP - 305 words
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215 1994-01-04 14 Bloomberg Business News. AFP PARIS Leading French banks Socictc Generate. Banque Nationale de Paris. Credit Lyonnais and Credit du Nord all announced a cut in their base lending rate to 7.95 per cent from 8.15 per cent effective tomorrow. The move followed aBloomberg Business News.; AFP - 215 words
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352 1994-01-04 14 HONGKONG Investors poured over U*****.5 million (SSI. 12 billion) into mutual funds or unit trusts in the first 11 months of last year, more than tripling the previous record net annual sales figure of U*****.1 million recorded in 1991, says the Hong352 words
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Article, Illustration933 1994-01-04 14 YANG RAZALI KASSIM; YANG RAZALI KASSIM - The Bottom Line YANG RAZALI KASSIM YANG RAZALI KASSIM The writer is BT's Regional Analysis Editor. WILL the Year of the Dog be vicious for Asia's economies? This is the time of year when soothsayers of all descriptions ofTer their predictions933 words
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Article, Illustration63 1994-01-04 14 Reuter OI'JA, West Bank A voung Jordan Valley settler, draped in an Israeli flag, preventing Palestinians from driving to Jericho at a road block in this Palestinian village on Sunday. Settlers from nearby Ma'amah set up road blocks in protest against the Ga/a-Jericho plan which theyReuter - 63 words
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224 1994-01-04 14 Reuter TAIPEI Taiwan's national oil company has rcceivcd government approval to explore for oil and natural gas with China in disputed fields in the East China Sea, the United Evening News newspaper said yesterday. The cabinet's Mainland Affairs Council, whichReuter - 224 words
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Page 14 Advertisements
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Advertisement105 1994-01-04 14 l Nitsuka Digital Keyphone Systems rW Leading Edge Teclmology ~j .^.jp^b 4> 7 >M "1? V It's alright With the uni-hall micro rolling pen, water-resistance is just one of its outstanding qualities. UB 155 The Uni-ball Micro Deluxe rolling thus allowing clearer impressions ballpoint pen uses a special with ease.105 words
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Advertisement19 1994-01-04 14 f i Distributor: Jel: 271 ms Singapore Communications Equipment Co Pte Ltd Fax: 278 78 9 8 Quality Service19 words
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COMPANIES & MARKETS
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416 1994-01-04 15 Lee Han Shih - By Lee Han Shih SINGAPORE The KeppelSembawang fight for a shipyard in the .Philippines entered its third round yesterday when a complaint was officially filed to disqualify Keppel Shipyard as a potential owner of the shipyard. The complaint was filed by Sembawang's partner and416 words
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227 1994-01-04 15 SINGAPORE Singapore Piling and Civil Engineering, a subsidiary of Hwa Hong Corp, has won the main building contract for the $220. million Tampines Mall. The company said yesterday it had already started work and expected to finish the job in August 1995. One227 words
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254 1994-01-04 15 Loh Hui Yin - By Loh Hui Yin SINGAPORE Liang Court Holdings and Wah Chang are teaming up to develop a $40million condominium project in a fast-emerging Bangkok suburb. The development, called Bangna Place, comprises 12 nine-storey blocks in three clusters, a club house, a254 words
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793 1994-01-04 15 Lee Han Shih - HOCK By Lee Han Shih SINGAPORE Though still in its early days, a little heralded management change at Fraser Neave last November may produce a significant impact on the group in future. In that month. Tan Yam Pin, chief executive of793 words
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Article, Illustration312 1994-01-04 15 Source: Bridge Info Performance of STII's Index stocks Jan 3 Last Smk la4e\ Slock sale Chp factor movers <S) Avimo 2 600 0 050 1.56 4.63 CAC 8 600 0.100 5.17 9.26 CWT 3.120 0.060 1.88 5 56 Cerebos 7 600 -0400 4.57 -37.04 FAN 18 300 -0.100 11.00Source: Bridge Info - 312 words
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COMPANIES
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COMPANY BRIEFS
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110 1994-01-04 16 SINGAPORE Electronic goods retailer Pertama Holdings yesterday reported net earnings of 51.24 million for the six months to Sep 30, 1993, up 26.7 per cent from the corresponding period a year ago. Earnings per share is at 1.9 cents, up from 1.5 cents previously.110 words
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65 1994-01-04 16 Bernama KUALA LUMPUR The Pacific Bank Bhd will not further register transfers of shares in favour of foreigners until their shareholding in the company fell below 30 per cent. It said yesterday that as at Dec 31, 1993, the total shareholding beneficially owned or controlledBernama - 65 words
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105 1994-01-04 16 Bloomberg Business News HONGKONG Hongkong cold storage giant Seapower International Holdings Ltd said its net profit rose 60.6 per cent to HK526.5 million (555.5 million) in the six months ended Sep 30. The figures are after taxes and minority interests but before one-offBloomberg Business News - 105 words
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Article52 1994-01-04 16 SINGAPORE Hong Fok Corporation yesterday said David Y L Chu has resigned as a director and member of its audit committee with immediate effect. This follows the resignation of general manager Lim Poh Guan three days ago. Two months ago, Mr Lim also resigned as Hong52 words
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Article64 1994-01-04 16 SINGAPORE Singapore Technologies Industrial Corporation has sold 32 per cent of Heraeus Precision Engineering Pte Ltd to its existing joint-venture German partner, WC Heraeus GmbH. This will reduce STIC's stake in Heraeus from 51 per cent to 19 per cent. Meanwhile, its parent Singapore Technologies Holdings64 words
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27 1994-01-04 16 SINGAPORE Amtek Engineering Ltd said yesterday that it has incorporated a wholly-owned subsidiary. Amtek International Pte Ltd, as an investment holding company.27 words
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41 1994-01-04 16 SINGAPORE DBS Bank said yesterday that Peter Chen Min Liang, chairman and chief executive officer of Shell, Singapore, has been appointed to its board of directors for an initial term of three years from yesterday.41 words
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86 1994-01-04 16 Bloomberg Business News NEW DELHI Inchcape pic, a marketing and distribution company, will soon acquire a stake in Gestetner India Ltd, which makes duplicators, stencils and duplicating ink, the Business Standard newspaper of Calcutta said. It said talks between the two companies were goingBloomberg Business News - 86 words
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Article, Illustration1090 1994-01-04 16 Quak Hiang Whai - Top 50 Asean companies By Quak Hiang Whai SINGAPORE Malaysian companies dominated the top 50 Asean listed companies last year but it was Singapore Telecom which took the top spot. Buoyed by the bullish run on the Kuala Lumpur Stock Exchange, 19 Malaysian listed1,090 words
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232 1994-01-04 16 KnighiRidder JAKARTA Rumours last week that PT Telkom, the giant Indonesian state-owned telecommunications company, would be listed soon, either domestically or offshore, are unfounded. Brokers said yesterday that a statement by Telkom finance director Muljohardoko last week that the government was finallyKnighi- Ridder - 232 words
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476 1994-01-04 16 Claire Leow - By Claire Leow SINGAPORE Nasdaqlisted Creative Technology has taken a new approach in increasing its market share for its proprietary Sound Blaster technology which drives its sound cards for personal computers (PCs). Now, instead of merely selling Sound Blaster sound boards to476 words
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Article513 1994-01-04 16 Manag*fV prtc*i Jan 4 Unibond 1.03 l.055xd lima* T—,■ i United Gr Fund! 1.75 1.82xd Singapore unit I rust United AMI Fund 2.11 2.2lxd« The Commerce 1.91 2.01 MTUC lltflHIHI The Savings Fund 1.7$ 84 i_~_, a &a <ni S pore Prog Fund 0.77 0.81 Income Bond Policy 4 84513 words
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391 1994-01-04 16 Bernama KUALA LUMPUR Lityan Holdings Bhd, which is offering 9.92 million shares at M 53.40 (SS2) per share for public subscription, is positioning itself in two of the most promising industries today the information technology industry and manufacturing. Adviser and managingBernama - 391 words
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480 1994-01-04 16 Bernama KUALA LUMPUR UCM Industrial Corporation Berhad. which is facing serious financial problems threatening its existence, has proposed restructuring exercises to rescue the company. The restructuring scheme, which involves six proposals, includes the acquisition of the entire enlarged issued and paid-up shareBernama - 480 words
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268 1994-01-04 16 Bloomberg Business News HONGKONG In an attempt to step up investment in the territory, the Hongkong stock exchange began shortselling yesterday. Brokers said that the practice is likely to stir up more volatility in the market. "Short-selling is going to createBloomberg Business News - 268 words
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Article, Illustration342 1994-01-04 17 Claire Leow - By Claire Leow SINGAPORE The stockholders of Californian drive company Maxtor Corp have approved a proposed USSISO million (SS24O million) investment by Hyundai of South Korea, four months after the process was begun. The deal required the approval of three unnamed matters, of which342 words
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364 1994-01-04 17 Reuter SEOUL Foreign investors desperate to buy stocks in South Korea are expected to have another frustrating year in 1994, when most analysts predict the Seoul bourse will shoot to an all-time high. Keith Nam, representative of H G Asia Ltd, saidReuter - 364 words
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310 1994-01-04 17 Bloomberg Business News NEW YORK The green traffic lights on Wall Street are turning yellow. While 1993 will be the securities industry's most profitable year in history and fourthquarter earnings are expected to be in line with the thirdquarter's USSI.2B billionBloomberg Business News - 310 words
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COMPANY BRIEFS
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77 1994-01-04 17 Reuter JAKARTA PT Indocement Tunggal Prakarsa, Indonesia's biggest cement producer and a member of the Salim Group, said its finance director Judiono Tosin had resigned, effective yesterday. "He resigned to pursue private interests and will be succeeded by Benny Santoso," said a company official. Mr Santoso.Reuter - 77 words
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71 1994-01-04 17 Bloomberg Business News HONGKONG Golden Power International Holdings Ltd says a general downturn in the global electronics industry led to a 17.8 per cent decline in net profit to HKSI3.6 million (552.72 million) in the six months ended Sep 30. from HKSI6.S millionBloomberg Business News - 71 words
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51 1994-01-04 17 Bloomberg Business News HONGKONG Chinese government-owned Yizheng Chemical Fibre will raise USS2SO million (SS4OO million) through sales of shares in Hongkong and the United States to fund expansion of a plant that produces polyester filaments, the South China Sunday Morning Post reports. Bloomberg BusinessBloomberg Business News - 51 words
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48 1994-01-04 17 The Nikkei Weekly TOKYO Sakura Bank will raise 100 billion yen (SSI.4 billion) by issuing preferred stock next month at the earliest, the Nikkei newspaper said. It would be the first time a Japanese bank has issued preferred stock. The Nikkei WeeklyThe Nikkei Weekly - 48 words
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551 1994-01-04 17 MARKET W AT Clrl Bloomberg Business News HONGKONG China's rich businessmen may be willing to spend thousands of yuan on expensive cognac and watches, but you are less likely to find them buying fancy lingerie for their wives or mistresses.Bloomberg Business News - 551 words
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FINANCE & COMMODITIES
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672 1994-01-04 19 But earnings not likely to match third quarter's Bloomberg Business News NEW YORK The largest banks of the US benefited from stronger trading revenue, lower loan-loss provisions and an increase in consumer lending in the fourth quarter. Net interest margins narrowed, largely becauseBloomberg Business News - 672 words
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434 1994-01-04 19 Reuter BOMBAY India's foreign exchange market heralded the New Year with the introduction yesterday of cross currency options, in a move seen by bankers as a further tentative step towards currency liberalisation. Options offer companies with large imports or exports a hedge against currency fluctuations.Reuter - 434 words
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272 1994-01-04 19 Reuter MELBOURNE National Australia Bank Ltd (NAB) said it had consolidated three existing commercial paper programmes in Europe and Asia into a USS2.S billion (Ss4 billion) global commercial paper and certificate of deposit programme. NAB said the new multicurrency programme would operate inReuter - 272 words
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218 1994-01-04 19 Reuter HONGKONG The Bank of China's total assets outside the country topped USSIOO billion (SSI6O billion) as of the end of September, while domestic deposits with the bank have also jumped in 1993, the Beijingrun Ta Kung Pao said. "Total assets of theReuter - 218 words
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SMALL CHANGE
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Article62 1994-01-04 19 HONGKONG Hongkongßank, a unit of international banking conglomerate HSBC Group pic. has frozen its expansion plans for China until word comes from the government on whether foreign banks will be allowed to transact yuan-denominated business, the South China Sunday Morning Post reports, citing Anthony Russell. head62 words
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Article, Illustration43 1994-01-04 19 AFP PARIS A former director of the International Monetary Fund. Frenchman Pierre-Paul Schwietzer, right, died at the weekend at 81. Mr Schweitzer was the fund's director from 1963 to 1973. Details of where he died were not available. AFPAFP - 43 words
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Article68 1994-01-04 19 IBJ to write off 350b yen The Nikkei Weekly TOKYO The Industrial Bank of Japan will dispose of non-per-forming loans totalling 8(X) billion yen (SSI 1.4 billion) during the next three years, the Nikkei newspaper said. The bank will probably have to write off 300-350 billion yen as a result,The Nikkei Weekly - 68 words
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85 1994-01-04 19 and Hokkaido Takushoku 100b yen Knight-Ridder TOKYO Hokkaido Takushoku bank plans to write off bad assets of nearly 100 billion yen (SSI.4 billion) in the fiscal year ending March, officials said yesterday, according to a Kyodo news wire report. They said it will include liquidation of 40 billion to 50Knight-Ridder - 85 words
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1133 1994-01-04 20 Yen's rise against dollar makes Japan's bonds a winner Bloomberg Business News LONDON Japanese government bonds produced both feast and famine in 1993. Month after month, Japanese bonds returned more to US investors than bonds in any of the world's other majorBloomberg Business News - 1,133 words
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303 1994-01-04 20 Reuter KUALA LUMPUR Southeast Asian palm oil and coconut oil prices are expected to continue rising into early 1994 due to declining supply and rising demand, regional traders said. Rainy spells and floods in Malaysia will disrupt transportation of palm fruits fromReuter - 303 words
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635 1994-01-04 20 Neil Behrmann - Foreign currency outlook From Neil Behrmann in LONDON THE Bundesbank is hinting that the US dollar is undervalued against the powerful dcutschcmark. The German ccntral bank notes that the dollar is trading well below its purchasing power parity (PPP). Its November monthly report635 words
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224 1994-01-04 20 AFP MUSCAT Non-Opec members Malaysia and Angola told Oman on Sunday that they backed its efforts to contain an oil glut in the world market that had sent prices to record lows, the Omani News Agency (ONA) reported. Omani Oil MinisterAFP - 224 words
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Article, Illustration147 1994-01-04 20 Reuter MANAMA Saudi Arabia's Deputy Commerce Minister Abdul-Rahman al-Zamil said King Fahd's declaration that the riyal would not be devalued has effectively ended speculation against the rival, the Arab AVm.v reported \esterday. The Jeddah-based newspaper quoted Mr Zamil as saying: "The statement of KingReuter - 147 words
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Article, Illustration133 1994-01-04 20 THE USS traded softer in listless trading as most centres were still on holiday yesterday. Initial sales of USS from olTshore commercial MS demand pushed the USS/MS to a low of 2.6900 before local banks on the bid provided support and mopped up ex- cess133 words
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Article200 1994-01-04 20 Reuter LONDON The dollar was around half a yen up in late Luropean trading above the key 112 yen level as the mark/yen cross inched higher yesterday. Dealers said business was thin with London still out for the new year celebrations but when London dealers return today the dollarReuter - 200 words
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217 1994-01-04 20 Reuter HOUSTON New US reformulated petrol laws will overburden eurrent distribution systems by doubling the number of product grades available while giving refiners little time to ehange operations, an industry report said. The US Environmental Protection Agency's "complex model" laws "will likely requireReuter - 217 words
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Article88 1994-01-04 20 AFP NEW YORK The dollar fell against the major currencies except the yen yesterday on the first day of trading of the New Year. Around 9:30 am, the dollar was trading at 1,7355 German marks against 1.7394 on Friday's close. Against the yen, the dollar was trading atAFP - 88 words
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Article, Illustration1677 1994-01-04 20 JrjJe Hrifhrni index calculated attains/ Spore's lop 14 trading partners Base year 198 < US$/S$ forward rates Noon Jan 3 sT Bid Offer 1-month 1.6110 1.6125 2-month 1.6114 1.6129 3-month ***** ***** 6-month 1.6125 ***** Source OCBC Source: OCBC FOREIGN CURRENCY NOTE RATES As at 10am on Jan 3: Singapore1,677 words
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COMMODITIES & FUTURES
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1291 1994-01-04 21 SIMEX REPORT Reuter SINGAPORE Simex interest rate futures contracts ended barely changed in extremely light trade yesterday as the market closures in Tokyo and London dampened activity. March Eurodollar futures ended at 96.50 against the 96.49 seen on the IMM previously. A total of 2,010Reuter - 1,291 words
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Article635 1994-01-04 21 COMMODITY REPORTS Tin TIN maintained last week's uptrend and prices ended at a 10week nigh yesterday, aided by generally weaker ringgit against the US dollar. The metal finished 16 sen up at V 1512.55 a kg. supported by persistent European and Far635 words
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KNIGHT-RIDDER COMMODITY SUMMARY
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101 1994-01-04 21 KUALA LUMPUR The present rainy spell affecting much of the country' won't disrupt the supply of Malaysian cocoa beans, industry sources say. "Nobody's really worried about the rains." said Edward Lee. general manager at trading firm Sasco in Tawau in the east Malaysian state101 words
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71 1994-01-04 21 JAKARTA Indonesian coffee exporters are expected to announce by mid-January the financing method for their coffee export retention plan, which is expected to be based on those used in other producer nations, industry sources said. However. fears are emerging that the government may reject any71 words
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76 1994-01-04 21 KUALA LUMPUR Malaysian bulk palm oil and lauric oils exports worldwide in December were 439.990 tonnes, down from 549.349 in November. traders said, quoting cargo surveying firm Caleb Brett. Sales of palm oil excluding oleochemicals. palm kernel oil and coconut oil during the same76 words
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92 1994-01-04 21 NEW DELHI Indian traders expect wholesale vegetable oil prices to dccline soon because rapeseed. known here as mustard, has started trickling into the market in the north. Rapeseed arrivals will pick up in March-April, traders said, and reports from the north indicate a bumper92 words
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Article1649 1994-01-04 21 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 94 134.75 134.75 133.50 200 0 Feb 135.25 135.25 134 50 50 3.350 Mar 137.25 136.25 136 50 1100 6.725 Apr/Jun 139.50 138.75 1391,649 words
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Article1361 1994-01-04 22 COMPANY MEETINGS (ompant Place Date lime PM Data E Scrangoon (iardens Jan 7 l UNtam (.'ountrx lutv Function Room (Annex Building). 2nd Level. 22 Kensington Park. Road (***** SPH A&E News Centre. Jan 8 11 Warn 82 (ienting Lane (1334) ABR Hldgs E Conference Room. Jan1,361 words
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REGIONAL STOCK MARKETS
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Article650 1994-01-04 22 75.43 Share prices closed stronger, hitting new all-time highs on the first trading dav of the year as blue chips kept the market up amid profit-taking in other issues. brokers said "We saw profit-taking in sec-ond-line issues, especially towards closing, but what led the market to continue its ascent650 words
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Article482 1994-01-04 22 13.14 Buy orders boosted financials and recent laggards sueh as construction and low-priced counters during the first trading day of the year, brokers said. The composite stock index added 13.14 points to 879.32. with some 21.7 million shares changing hands during a single tv\o-hour session. "Everything but blue chips482 words
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Article136 1994-01-04 22 119.8 Prices of market leaders rose further in hectic deals on kerb as foreign institutional buyers accumulated stocks, taking advantage of selling pressure due to an exchange's directive asking brokers to reduce their out- standings, brokers said. A broker said the selling by brokers to comply with the BSE136 words
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WORLD STOCK MARKETS
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Article118 1994-01-04 22 +22.34 Futures-related buying in a thin market helped push French shares to a new high at the close, traders said. The CAC-40 index closed nearly 1 per cent higher after a lacklustre start. They said the market was waiting to see how the London stock market would begin the118 words
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Article150 1994-01-04 22 1.42pc Swedish shares ended the day sharply higher, and the OMX-index closed at a new all-time high, unwinding an initial decline caused by worry over an impending decision on the Orcsund Bridge between Sweden and Denmark. The all-share index climbed 1.42 per cent to 1.407.41 in moderate turnover of150 words
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Article156 1994-01-04 22 1.3 German shares continued higher in post-bourse trading after recovering early losses in official trade after a weaker start. Dealers said the DAX's performance today could depend on the position of London traders when they come back to the market after a holiday. But there may be scope for156 words
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Article240 1994-01-04 22 +8.68 The Bcl-2() stock index finished at a record closing high, with most stocks helped by a stronger dollar against the franc. Expectations that the Belgian central bank will lower interest rates again soon also helped drive the market. However with the London stock market closed for a holiday,240 words
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Article160 1994-01-04 22 +0.87pc Italian shares kicked off 1994 with modest gains as Montedison took centre stage for a third day. Dealers said confidence in the stock had risen sharply since last week's accord with Shell merging most of the two companies* polypropylene and polyethylene businesses. The Mibtel index closed 0.87 per160 words
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Article240 1994-01-04 22 +6.1 Local buying amid enthusiastic fundamental and chart sentiment pushed shares to new highs. Dealers say 1993's uptrend looks to continue well into this year, though some consolidation must be expected. The AEX (formerly EOF) index rose 6.10 at the final calculation to end at 420.37. after a slow240 words
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Article1495 1994-01-04 22 London Dec 31 Pent* TTIndustrials \r%\\\ 27* 4/N H.inn <W» 4 (4tN VivdU 257 4/* -2 4/# DtMPi .\H> X < iieal INtilland t xt I NMMH C utsfields III 2 Racal FkilriHiKN m 5 Roul Bk CM Vmljntl 4>r> Scottish Newcastle 535 unvh SicKr fH I /eneva *40 4/*1,495 words
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Article308 1994-01-04 22 +21.8 Swiss shares rose to record highs on the first trading day in 1994 in good volume. LX'alers said optimism for a global economic recovery helped cyclical shares, while shares which were strong in 1993. like Roche or banks, did not rise to the same extent. The all-share SPI308 words
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Article291 1994-01-04 22 +23.2 Shares started 1994 slowly as the market found few fresh factors to influence direction. but a late financial rand decline from earlier highs eased the pressure on non-gold stocks, dealers said. The overall index added 16.5 points to 4.909.5. the industrial index added 23.2 points to 5.596.2 and291 words
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Article832 1994-01-04 22 -0.28 The Dow Jones industrial average was down 0.28 point to 3.753.81 at II am EST yesterday. The key barometer was ahead 5.03 points shortly after the market opened. The New York Stock Exchange composite index was off 0.60 to 258.48. while S&P 5(X)-stock index was down 0.59832 words
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Article, Illustration3156 1994-01-04 23 UPI HONGKONG A strong opening and afternoon rally dri\en by bargain hunters pushed shares up 1.67 per cent to set yet another market record on Monday. The blue-chip Hang Seng index jumped 198.1 points to close at 12.056.49 setting a new record on the first day of trading inUPI; Source: Bridge Info - 3,156 words
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Article, Illustration531 1994-01-04 23 THE CLSA Shanghai B Index finished 6.98 points lower at 1,127.6 yesterday in inactive trading. The laggards Refrigerator, Rubber Belt and First Pencil performed the best adding 7.0. 6.4 and 5.9 per cent respectively. Suffering from heavy profit-taking. Diesel Engine closed 4 per cent down from the high of531 words
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Article, Illustration1128 1994-01-04 23 Reuter JAKARTA Share prices closed mixed in quiet trading yesterday with investor interest con fined to selected stocks, brokers said. The official index ended 0.88 points higher at 589.65. Tjiwi Kimia closed up 150 rupiah at 6.100 while Fan Brothers ended down 25 rupiah at 2.000. Brokers said sentimentReuter; Source: Bridge Info - 1,128 words
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Article, Illustration2933 1994-01-04 24 Source: Bridge Info Source: Bridge Info MOST ACTIVE volume Prom el 30.079.000 Fiber Oroup 22.223.000 Metrople* 50c 22.0''I 000 I mas Bhd 20.599.000 kjmunling 50c 15.696.000 FACB50C I3.544.OUO Cieneral Corp 12.440.000 Mil 12.043.000 Metroplex TSR 10.864.000 Mulpha Intl 50c 10.430.000 A.VIDB 50c 8.891.000 KL Industrie* 8.781.000 Renong BhdSource: Bridge Info - 2,933 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration5900 1994-01-04 24 Bernama KUALA LUMPUR The Kuala Lumpur Stock Exchange closed the first day of the new year's trading on a positive note. The Composite Index, which touched an all-time high of 1,290.86 at 3.15 pm. fell back to close at 1,288.85, up 13.53Bernama; Source: Bridge Info - 5,900 words
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STOCK EXCHANGE OF SINGAPORE
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Article6866 1994-01-04 25 Gr Gr 1993/94 Last Vol Day Last Qntt IN* Dt. VM Nn M Cm High Law (o«paa> Sate CM*) High Lr» Biryfr Seller CNr P/E tail INDUSTRIAL AND COMMERCIAL 1400 260 I Aetna 1170 -110 141 1270 1170 1170 1220 12.5 2.1 1.1 30.6 806 4 460 220 is Ale*6,866 words
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Article, Illustration1728 1994-01-04 26 R Sivanithy - By R Sivanithy SINGAPORE Shares started the New Year with a bang yesterday, pushing the Straits Times Industrials Index to another record close. Trading began strongly, and within the first hour the index gained 36 points over Friday's close. But intermittentSource: Bridge Info - 1,728 words
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Article, Illustration127 1994-01-04 26 Paul Leo - By Paul Leo CWT DISTRIBUTION will rally towards $3.70 within a few weeks, from yesterday's close of 53.12. The stock broke slightly above a downward sloping trendline formed by joining the peaks since Dec 20 and should soon test its high 0f53.30. Volume picked up yesterday to 237,000127 words
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Page 15 Advertisements
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Advertisement195 1994-01-04 15 cO i| V Growth .*w'S\ <^- S Improved Cash Flow Expansion Today's SME'B could be tomorrow's Simply by Improving cash flow with own assoclatsd companlss In Malay* i MNCs. All It takss la a little Imagination, immediate caeh advances of up to 9046 sla, Thailand, Indoneeia and the Philipforward thinking195 words
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Page 16 Advertisements
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Advertisement6 1994-01-04 16 Dividends table has been held over6 words
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Advertisement349 1994-01-04 17 I THE MORE SUCCESSFUL tall I YOU AREJHE MORE II COMPACT YOUR HANDPHONE. I gg THE VERY SUM, VERY LIGHT TOSHIBA TCP 9300. The new Toshiba TCP 9300 is the most discreet way for top executives to keep in touch today. Weighing only 175g, and measuring 130 cc, it's so349 words
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Advertisement290 1994-01-04 18 Gateway To The Wmi Future pf rvv\ > -«3f ■^H By die If jS^SifaiSßKiMWlMWHPgll^.mw* 'a < g y *r* B> m^^y^#.-] >1 j 1,1 %SB I V ir v W|J v -,»&S5 futurh HHiHHHHiii The Marina Mandarin jV :^!^WBBBBBBBIHIBBbSS^^B ®r r fv. :yW Limited admission. For details, ."^^^^hMP'' |HHB see290 words
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Page 19 Advertisements
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Advertisement265 1994-01-04 19 Some look at the global Our customers see marketplace and see complexity. opportunity. O CHASE understands the nearly 50 countries—product special- But more importantly, it has helped complexities your company ists, professionals with an in-depth us bring our customers the ultimate faces as you raise, invest, move and knowledge of265 words
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Advertisement331 1994-01-04 21 BUSINESS TIMES TOLL-FREE TEL. No. 1-BQO-741-1883 FAX 7AI-1298 IN THE MATTER OF THE COMPANIES ACT, CAP 50 IN THE MATTER OF VDM 9NGAPORE PTE LTD (M ieaw vocuntmv wiono-upi NOTICE IS HEREBY GIVEN tot at an Extacrdnary General Meeting of tw Company was convened and held at Posthrii 1820, Pta331 words
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Advertisement58 1994-01-04 21 Fare these 1 people going? j w>% t IYOOR I 1 HOUSE gl Make your garage sale a g; P success. Make a call to :j| place an ad in S;i The Straits Times Classified. <i Hurry, your deadline is jg s:oopm daily g; for the following day's p? publication.58 words
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Advertisement19 1994-01-04 21 if I ißiiii iBSHHH I llflill IHHI iHMIMrMI j W-ii«S^l J to place 1 cJSi. I acting ad. 737-116619 words
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Page 22 Advertisements
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Advertisement86 1994-01-04 22 Acquire An Original Monsieur Waterman invented the world's first reliable fountain pen. Man 100 was created to celebrate the Waterman Centennial. Each nib is the result of fifteen handcrafted operations which create a unique personality. a The 23.6 karat gold trim gives Man 100 a distinctive appearance and texture. Waterman86 words
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Page 23 Advertisements
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Advertisement32 1994-01-04 23 HOW TO FLY l\l FIRST CLASS, WITHOUT Bj|jl FLYING FIRST CLASS. EYE ON THE TIGERS Nobody covers East Asia like we do. The Region. Everyday. SINGAPORE rTI Business Times WE KNOW ASIA32 words
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Advertisement30 1994-01-04 23 I he markets in Japan and Bangkok were closed for the New Year holiday PLAY SMART Be part of the good life. Lifestyle. Everyday. StNOAPORK Business Times WE KNOW ASIA30 words
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Advertisement57 1994-01-04 24 ALAINDELg#^ TIMEI perfection resistnnt sapphire rrystnl Lummowsf^f*l3tearvciy \?^y?.up All stninlpss steel cnsc hour-markers 4|r «T SingaM*»(H«»4 Ofttc«)-A 0 TIME INTERNATIONAL PTE IIT Ty.<***** 17 FAX *****81 Malaysia/* 0 TIME SDN BHD TELO3-J*****8 wnter resistnnt 100 motel f,SCrew-.ft*CfOWrt a,- i Hong Kong A 0 TIME INTERNATIONAL(HK) LIV fEL 852 JW4?I Switzerland57 words
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Page 25 Advertisements
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Advertisement36 1994-01-04 25 tpwr wMm cords pofs tfc® wWli worid is rov'vtMHM«iMM"^»^aMi, IM yAIM uauA| official cakd would cur 8 i EYE ON THE TIGERS Nobody covers East Asia like we do. The Region. Everyday. Business Times WEKyo* ASM36 words
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Page 26 Advertisements
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Advertisement108 1994-01-04 26 s >~**' ijj^ lIIIIIJ Hitachi and 0C8C... Another First in Customer Gonvenienee OCBC has introduced Hitachi's easy-to-use state-of-the-art passbook printers as part of its electronic banking programme. These user-friendly machines allow customers to automatically update their passbooks quickly and easily without having to queue at the counter. This significantly reduces108 words
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Advertisement12 1994-01-04 26 LEARN FROM THE MONEY GURUS in Personal Finance and Investment on Saturdays12 words
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Shipping Times
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Article, Illustration324 1994-01-04 27 Dexter Lee - By Dexter Lee SINGAPORE The Australia South Asia (ASA) consortium has expanded its liner service to Brisbane, with a fixed-day call at the Australian port every fortnight. The new service will be part of the group's weekly four-vessel link between Sydney and Melbourne324 words
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427 1994-01-04 27 STOCKHOLM After trying unsuccessfully for more than a year to dispose of its largest ocean shipping properties, Bilspedition AB is under less pressure to sell. The Swedish transport group announced in October it had reached agreement with its major lenders to restructure some427 words
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824 1994-01-04 27 Page Col ABC Containerline 12 1 Accord Group 8 1-3 Ahrenkiel Liner 4 1/2 •APL 5 3-5 Appenship 18 1/2 •ANL 3 1/2 •ASCI. 5 5 Avant Shpg 6 4/5 •Bait Orient Line 7 4/5 Bank Line, The 9 5 Barbican Line 4824 words
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123 1994-01-04 27 AP ANCHORAGE An empty oil tanker hit ice in Prince William Sound on Sunday, rupturing its bow and putting a hole in a ballast tank. The tanker wouldn't have spilled any oil if it were full, said Petty Officer Bill Schleuter, a CoastAP - 123 words
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345 1994-01-04 27 Reuter MANAMA Japan's Mitsubishi Heavy Industries has won a deal from a Saudi Arabian shipping firm to build five crude oil supertankers worth more than US$4OO million (***** million), a Saudi company official said. The general manager of the National Shipping Company of Saudi ArabiaReuter - 345 words
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349 1994-01-04 27 Reuter HALIFAX, Nova Scotia A search plane spotted an orange life-raft on Sunday, raising hopes of rescuing survivors of a freighter that sank in a North Atlantic storm with a crew of 36 Greeks and Filipinos, a Canadian Coast Guard spokesman said. TheReuter - 349 words
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SHIPS IN PORT
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Article617 1994-01-04 28 Ve*$d Voy No Bcftti Arrival Departure Vessel Voy No Berth Arrival Departure Jurong Port Bechar 1CNA93 POSA 04.01/2300 0701/0230 Arttrs Blue 030 04A 16 alongside 0401/0700 Bonastar 931 ISA P04 0401/2300 0501/1S00 Batam Bafagu 01/01/94 ill alongs** 04.01/2300 Brasta® 1 Al/94 P03 04.01/1500 0401/2300 Batam Murm 01/01/94617 words
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Article1655 1994-01-04 28 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Booknt/Balarci Rslts Ship Voy No Etb/Btr Period From To From tali* 026A 05/0700 2 03/1700 04/0659 04/0900 3 04/0700 04/1159 04/1400 *i S«*i 099* 05/1500 2 03/1700 04/0659 04/0900 4 04/12001,655 words
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Article11473 1994-01-04 36 This is a list of ships loading at Singapore for ports around the world. It tabulates, by destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. LEGEND PN: ship calls at Penang after11,473 words
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Article3025 1994-01-04 41 MK.%nnauii m awaiwiwa Containerline NV: Bclsin Shpg Agencies Pte Ltd (SVManne Handling Sdn Bhd (PK/PN). Accord Group: Accord Shpg Pte Ltd (SVAccord Contr Line (PK/PN). Adkris Business Corporation Philippine: Calsource Shpg Trdg Pte Ltd (S) Ahreakiel liner Service Kim Shpg Trdg(S). Albatros Sea-Air Service: Frjta Shpg Pte J-td3,025 words
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Article313 1994-01-04 41 CONFERENCES CONSORTIA Alia Kwtli Aatarica Euttmud Rate A|mMirt (Far East/Narlk teaka, axdadas lapaa): American President Lines; Sea-Land; Neptune Orient Lines; Maersk Line; Nippon Yusen Kaisha Line; Mitsui OSK Lines; Nippon Liner system; "K" Line; Orient Overseas Container Line, Hapag-Lloyd. Traas-Paelfic Wastbaaad Rate Afraamaat (North Aanriea/Far East): American President Lines; Sea-Land;313 words
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Article276 1994-01-04 41 Abacus C ouriers Tel: 545-8011. Fax: 545-1898. Air Express t ravel 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 Supplies276 words
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Article1463 1994-01-04 41 Abex Express Freight Tel: 542-7171. Fax: *****84 Actinic Forwarder Tel: 225-1833. Fax: *****42. Activair Singapore Tel: 542-7821 Fax: *****20. Aeroliak 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 Air1,463 words
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Article2262 1994-01-04 42 ALBANIA Duress: Two vessels in port, both discharging bulk wheat, 1 vessel in roads waiting to discharge bagged rice. ARGENTINA Santa Fe: No vessels berthed, no vessels due; max draft 21 ft 1 in. Diamante: No vessels berthed, none in roads, no vessels due, max draft 21 ft2,262 words
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Article1087 1994-01-04 42 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 that1,087 words
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Article553 1994-01-04 42 ARRIVALS DEPARTURES Op Might T>pe ETA T From Op Flight l>pe ETD T To TODAY TODAY NCA KZ203 B747F 0145 I NRT SIA SQ802 B747F 02>0 2 SYD/AKL KAL KE697 B747F 0150 1 SEL NCA KZ204 B747F 0335 I BKK/NRT JAL JL6I7 B747F 0345 I TYO KAL553 words
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Article503 1994-01-04 42 CRUISE FERRY SCHEDULES CRUISE SHIPS Ait Dep Name of Vessel ETA ETD Ports of Calls Port Agent Telephone No JANUARY 07 07 Sea Goddess 2 0700 2300 Bintan Sin Jardinc Shpg Agcncis 224-1052 Port Klang 07 07 Leisure World 1000 2015 Jakarta Sin Lauw Sons Travel 227-8284 Port Klang 07503 words
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Article485 1994-01-04 43 THE Baltic Freight Index for spot dry cargo shipping rates fell to 1,215 on Friday from 1.217 on Dec 30. The year ended on a slow note with holidays severely curtailing activity, brokers said. The major grain routes have been very slow with just a few reports of485 words
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Article376 1994-01-04 43 COURSES Title: Handling Transportation Of Dangerous Liquids (Refresher) Duration: Jan 6 Jun 16 Organiser Port of Singapore Authority Tel: For further details/registration contact SPI at 321-1707/321-1824/321-1825 or fax: 321-1416. Title: Handling Transportation Of Dangerous Liquids (SDF 70%) Duration: Jan 7 Jun 17 Organiser Port of Singapore Authority Tel:376 words
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Article804 1994-01-04 43 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 and804 words
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Article, Illustration1334 1994-01-04 44 Peter Rowbotham - Bulk shipping another turn in the cycle? Peter Rowbotham, joint managing director of Drewry Shipping Consultants, notes that a bearish sentiment has taken hold of the" bulk shipping market Peter Rowbotham, International Bulk Journal POSSIBLE declines in rates and ship values are indicated ahead of an upturn some time inInternational Bulk Journal - 1,334 words
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AIR AND LAND TRANSPORT NEWS
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Article, Illustration717 1994-01-04 46 Bloomberg Business News NEW YORK Robert Crandall, the often blustery chairman of American Airlines, claims his industry is in the "eye of the storm." Not since the early days of deregulation has the airline industry faced such tumultuous change, and fourth-quarterBloomberg Business News - 717 words
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473 1994-01-04 46 Bloomberg Business News NEW YORK The United States railroads survived the flood of the century and a coal strike responsible for cutting US production by 5.5 per cent, winding up with an improved fourth quarter and forecasts of even betterBloomberg Business News - 473 words
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420 1994-01-04 46 Bloomberg Business News NEW YORK The US's Big Three car makers will post stronger fourth-quarter earnings. driven by more competitively priced cars and strong light-truck sales, analysts said. "We expect another round of strong earnings from all three, and they will come inBloomberg Business News - 420 words
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Article, Illustration60 1994-01-04 46 Reuter KAGOSHIMA, Japan Two Greek survivors of the Cyprus registered freighter Arctic Reefer, which sank off southeast of Japan on Saturday, were rushed to a hospital in Kagoshima city on Sunday after they were rescued by two ships in the area Twelve of theReuter - 60 words
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Article1431 1994-01-04 46 gg n» ETA ra»t eto_ ag nw ETA nm n?L Aba Dtiabi GA893 1655 GA892 0100 SQ147 2025 GA893 1800 GA974 2325 GA984 2235 GA967/668 1815 GA984 2340 GA957 1840 Adelaide QF81 1935 Qf82 2050 BG74 1550 SQ416 0900 SQ228 2105 Maito SQ416 1935 BG75 17001,431 words
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243 1994-01-04 46 AFP TOKYO Central Japan Railway is planning a new magnetic levitation high-speed train capable of speeds of up to 550 km per hour, the daily Yomiuri reported yesterday. An experimental threecoach train should be ready in early 1995 and it is expected to achieveAFP - 243 words
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LOG BOOK
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117 1994-01-04 46 AFP JERUSALEM Israel intends to build a new business jet in collaboration with US and Russian firms, a spokesman for the Israeli aviation industry said. He said Galaxy, as the new aircraft is called, would have US Pratt and Witney engines while itsAFP - 117 words
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79 1994-01-04 46 Bloomberg Business News TOKYO Suzuki Motor Corp. the largest minicar producer in Japan, and Daihatsu Motor Co, the second largest minicar maker, have agreed to standardise auto parts, the Nihim Keizai newspaper reported. Air conditioners, automatic transmission equipment. lights and bumpers will be standardisedBloomberg Business News - 79 words
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Article82 1994-01-04 46 Reuter NEW YORK Trans World Airlines Inc's emergence from Chapter 11 bankruptcy proceedings is not trouble-free, according to an article in Barron's. The magazine said that the company's emergence eight weeks ago involved extinguishment of about US$l billion (S$ 1.59 billion) of its oldReuter - 82 words
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Article, Illustration45 1994-01-04 46 Reuter DETROIT Forty-five of America's top auto writers and critics, in a surprising move, named the Mercedes-Benz C-Class sedan as the first North American Car of the Year before the start of the auto show in Detroit. ReuterReuter - 45 words
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186 1994-01-04 46 Reuter HANOI Ten US construction companies are among firms registered to bid for the upgrading of Vietnam's Highway One, a multi-phase renovation project estimated to cost well over US$2OO million (Ss3lB million), the Vietnam Investment Review said. Senior transport ministry officialsReuter - 186 words
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Page 27 Advertisements
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Advertisement27 1994-01-04 27 If you want it thereJ yesterday,, g -MLa Fly it with us today jar jdk. Mentor ASM 11 |GRIFFINWNETIC^4Sai^ Bulk shipping a turn in cycle? Page 1827 words
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Advertisement28 1994-01-04 27 US airlines likely to show losses, Back Page Lines and services represented by Members of the Registry ef Accredited (ttSfaVfi For advertising enquiries, contact Shipping Times: Tel 740-2089/740-209028 words
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Advertisement27 1994-01-04 27 r M R FORWARDING PTE LTD WEEKLY CONSOL TO EUROPE CALL: *****00 JUST DESERTS Legal discourses in digestible portions. The Law Page. Every Thursday. SINGAPORE BusinessTimes wEonmAsm27 words
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Advertisement6 1994-01-04 27 More Arctic's survivors found. Back Pg6 words
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Advertisement430 1994-01-04 28 TSKLINE AGENCIES (S) PTE. LTD. /mMQ r I |Z -W *WTT7 226-3363 1 IJlllr Fax: 226-1972/3 T Y|g 11 i Tiw. Pc ***** /TSKSIN Sfejg TOKYO SENPAKU KAISHA, LTD. CR No: **********0N I immm w --m-, mm m -~M m or m mm mm ml ACX HOSE OMB **03.01 *1101430 words
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Advertisement1363 1994-01-04 28 t.»ia« fox^owil w«^l.|Hiil^|rlflfcl lli—' 1 j" 1 jmm Iran Ira itw ulam I na «i ait |mntaß at m imco ]fg Iwt m i itm pSSTTgggTCSrnTfiSiryn^^TSyrSmM- T^itigi! ,*Z I PAOHC ARROW 0198 Jl HI 2*l I 2*l2M 251 251 261 *1 Ml I IKO SARCtLONk 01/001* 10.1 221|2tl|2M|^29l^|l7T^42|4T|t2|^^^I^^1 *?.>*£ «>■»1,363 words
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Page 29 Advertisements
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Advertisement2173 1994-01-04 29 ?E°L C 32 3^?FiI D 221 BH PP,NG A EMC EB PS^SKTSL?S-^7^^ > 03:75«5342 DOCUMENTATION TEL *****55 (INWARD)/*****90 (OUTWARD) T FAX^dp 2 6^ 1 CFS TEL *****6 BOOKINGS TEL: *****80 *****81/ *****82 TEL: *****3/*****06 CFS (PSA F5) TEL: *****21/ *****79 TEL *****2/3 *****4 (OPNS) CUSTOMER SVC TEL: *****92/*****91/*****93 JOHOR BAHRU2,173 words
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Advertisement1844 1994-01-04 29 WLili'if.HiH'Hlfl'i FRANCE/ITALY/PORTUGAL/SPAIN/MOROCCO NEXT AVAILABLE SAILINGS MUNKEBO MAERSK V.9402 ETA SIN 6TH JAN 94 TABLE BAY V.5196 ETA SIN 9TH JAN 94 veuet Voy ETA ETD FeMar by SLM ItT 0 destinations Th<» MM MARIE MAERSK V 9402 11/01 oeoo mrs CFS 10/01 2359 MRS JOM LPK PEN OAK LGB SFO1,844 words
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Page 30 Advertisements
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Advertisement1688 1994-01-04 30 AQABA R DAM/ [1 ALSO ACCEPTING FROM VESSEL VOY NO SPORE JEDDAH (VIA JED) S TON H BURG A WERP HAVRE uucST MALAYSIA KAGA 33M52 5/1_ 22/1_ 2S/1 23/1 PoTt Kelang. Penang DRESDEN EXPRESS 14/352 8/1 17/1 23/1 26/1 29/1 31/1 2/2 Pasir Gudang KIRISHIMA 02/101 12/1 29/1 1/2 30/11,688 words
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Advertisement570 1994-01-04 30 FCL Breakbulk Service to: AFGHANISTAN M&M Afghanistan Ltd., I Sole Foreign Forwarder in Kabul for all services C.I.S.- Vostochny, Vladivostok, Moscow, Tashkent, Kiev, Minsk, Riga, Baku, Irkutsk, Alma Ata North Korea Vietnam Mongolia Hungary CSFR Poland FULL CONTAINER SERVICE TO NORTH/WEST AFRICA FEEDER VESSEL ETA SIN NED AFRICA V.2473 4/1570 words
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Advertisement1116 1994-01-04 30 NORASIA 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 PRINCESS 9401-3 13/01 02/02 05/02 06/02 06/02 07/02 08/02 09/02 10 02 11/02 NORASIA SUN 9402-3 19/01 09/02 12/02 13/02 13/02 14/02 15/02 16/02 7/02 8/02 I NORASIA PEARL 9403 3 26/01 16/02 19/021,116 words
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Page 31 Advertisements
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Advertisement1876 1994-01-04 31 H STRAITS SHIPPING PTE LTD 10 Ho« Chiang Road #11-01 Keppel Towers Singapore 0208 Tel: *****88 Fax: *****17 new guinea pacific une QTfigK (A SERVICE OF CHINA NAVIGATION CO) CARGO DUt SAILS STRAITS POTX V2SE KK. Skm. Taw 31 tO2 Jan In Pt 0b lan FCL, LCL CONTAINER AND MEAKMJLK1,876 words
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Advertisement2807 1994-01-04 31 0 SINGAPORE AGENT: kXti 1 Aflt'Ql p&0 Containers (Singapore Agencies) Pte Ltd 10 Hoe Chiang Road #07-01 Keppel Towers. Singapore 0208 Tel: 225 2233 Telex: RS ***** PNOCSP Fax: 225 5327/222 7517 CR Number: **********0Z EXPORT IMPORT VESSEL VOY -PHQ -PKQ SIN ALQ SOU ANT HOT HAM ME OOT LEN2,807 words
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Advertisement35 1994-01-04 31 SPORE GOLFO OE CHIRIQIM OC-183 24/25 JAN To Buenaventura/Barranquia/Santa Marta/Cartagcna/ Santo Dorwifo Plo Quctzai/Acaiutta/San Lorenzo/Corinto/Pto Caktcra SPORE •A' VESSEL JC-295 7/8 FEB To: Maracaiio/Pucrto Cabrfo/George Town/Guaranao/ La Guaira/PTo Sucre/Matanzas/ Port of Spaw/Paramaribo/Panama/ Coton/Cmtobal El Guamadw35 words
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Page 32 Advertisements
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Advertisement549 1994-01-04 32 i|K EKA JAYA AGENCIES VHr TEL: *****22 (8 LINES) FAX: *****05 SALES REPRESENTATIVES IN CHARGE TPAPE PAGEfI H ANPPHONE/PIfiECT «jjmi wet vnm rjmwnms IMHM HM7B HO cm MINH CITY H6NPY H<?t *****24 KELVIN CHAW *****25 MM722/W22W TO MYANMAR/YANGON SEMI CONTAINER SERVICE M OCEANLINES ttl/VOT 1 YANGON STOKE TBN 15/1 22/1549 words
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Advertisement1814 1994-01-04 32 HANJIN SHIPPING I BOOKING TEL:- *****35-237 OPERATION TEL: *****41-253 SALES TEL:- *****21-233 DOCUMENT TEL: *****71-275 FDR VSI siiT LINE HAUL SEA HVA POX fOR VSI «N L»C HAUL SAV HM NYC HANJIN SINGAPORE 012E 7 1 DKECT 27/1 21/1 29/1 HANJIN SINGAPORE 0121 MM AMERICA 01* 10/2 11/2 13/2 HANJIN1,814 words
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Advertisement1485 1994-01-04 32 d9T=£V J d I rl ■"TH^TTk Im scf use hkg ug pus mi osk net an iro in chs bai mc uw an* rdm nr kg rso cw m sw I t GOWQHOSI 4/1 7/1 12/1 14/1 14/1 IS/1 24/1 22/1 23/1 25/1 24/1 4/2 14/2 20/2 21/2 J/3 4/11,485 words
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Page 33 Advertisements
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Advertisement2616 1994-01-04 33 sex: 'OOCL FORTUNE/'RI 47E' eta sgp 05/01/94 II 11 4&L I ARRIVING LOS ANGELES 22/01/94 IN 16 DAYS II II SS I AEX: 'NEPTUNE RHODONITE 13E' ETA sgp 29/01/94 HI ■I I ARRIVING NEW YORK 29/01/94 IN 23 DAYS HI II jf* I *R1 Connecting Neptune Cyprlne 05E in HN62,616 words
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Advertisement1190 1994-01-04 33 o MULTILINE SHIPPING PTE LTD CR NO: **********0 C ENQUIRIES: *****33 BOOKINGS: *****64, *****51, *****31, *****13 vSEfis BALTIC: INWARD *****97 OUTWARD *****10 T/S *****10 BLASCO: INWARD *****65 OUTWARD *****28 T/S *****46 tX&mBPA FESCO: BOOKINGS *****06 DOC *****07 MARINE INSURANCE: *****87 INVENTORY: *****59 AGENTS: KL: 03-*****75/697 PKLG: *****43/ *****40 PENANG: *****4/1,190 words
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Page 34 Advertisements
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Advertisement1486 1994-01-04 34 44 AS AGENTS "I" LINE (SINGAPORE) PTE LTD (C« No: Y**********M) TEL: *****77 TELEX: KAWAKI R*****5 FAX: *****16/7/8/9 W W ltX MALAYSIA -1" LINE MARITIME (MALAYSIA) SON BHD m m TEL: SA *****00 PK *****75 PEN *****0 JB *****1 PGU *****5/6 I INDONESIA: P.T. SARANA LAUTINTERNUSA. TEL: JKT *****08 N.1,486 words
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Advertisement746 1994-01-04 34 PHILI-OmtNT LIN€S PT€ LTP 10® Robinson Road #07-00 GMG Building Singapore 0106 1 Tel: *****22/*****69/*****00 Telex: RS ***** Fax: *****76/*****38 A MEMBER OF THE SINGAPORE FREIGHT FORWARDERS ASSOCIATION j AUSTRAUA/NEW ZEALAND/SOUTH PACIFIC FCL/LCL SERVICE 06 JAN SYDNEY, MELBOURNE. BRISBANE FREMANTLE 10 JAN AUCKLAND. WELLINGTON, LYTTLETON, NEW PLYMOUTH. NAPIER, CHRISTCHURCH 28746 words
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Advertisement302 1994-01-04 34 GOLDEN LINE A guan guan shpping (PTE) LTD 23. T<M *r*f Street SMGAPOK 0104 TQ *****88 (10 LIES) fii *****04 <CR Mo IOimMOOtW) BTRAIT9/PERBIAH GULF 6EBVICE S'pore P. Kelang Penang MMER STAR Karachi Dubai 11/20 lan GOIDE* BE« Karachi Dubai 30/31 lan CHINA SERVICE GOLDEN WONDER China Ports 20/22 lan302 words
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Advertisement950 1994-01-04 35 (^»|l|| PACIFIC INTERNATIONAL LINES (PTE) LTD I 140 Cecil Street, #03-00 PIL Building, Singapore 0106. I I KM JV CR NO **********0E I VESSEL VOY SIN CMB JIB JED AOJ ADE HOD PZU ASA KOTA BERKAT BKTOOS 11/1 16/1 22/1 28/1 20/1 24/1 26/12 2»/12 KOTA WIRAWAN WRNO37 29/1 3/2950 words
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Advertisement695 1994-01-04 35 I vtsstis vot sporc ~"ha*hrg rothrpam wimif iwms u hark WUt PC TUCAWA 8531W OS/01 30/01 31/01 M/ 01 31/01 01, 02 Wilt PC LW>O 7731W 11/01 03/02 05/02 06 02 07/02 00/02 Wilt Ot VtSTA 7431W 11/01 11/02 13/02 14/02 IV 0? 17/02 Wilt 0€ TITANA 0331W 2f, 01695 words
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Advertisement879 1994-01-04 35 BSfl ik mm MYANMA PWflk FIVE STAR LINE (Myanmar National Line) Loading for Yangon (Rangoon) Spore P.KIc Pen P.Gd| PAGAN V2O4W In Pt HPA AN VI97N 10/12 lan PAGAN V2OSW 20/22 lan MALAYSIA AGENTS BOUSTEAO SHPPMG AGENOES Km 111 03 *****00 PHI TEL 03 *****67 PEN Ta 04 *****5 PGD:879 words
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Advertisement3006 1994-01-04 38 OOCCS^ C C C I KlliKii'Ci/'rim SINGAPORE'S GENERAL AGENTS MALAYSIA'S AGENTS COSTAR SHIFTING PTE LTD Chang Chiao Shipfiag 54* SM -V Trp a TXTF'n 2 Mistri Road, HMC BUg *15-00 Line: Pert Kelang 368 8106 I I IN AIN h K Singapore 0207 KuaU Lamm-03-241 4616 A ill 1 J-*lv3,006 words
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Advertisement601 1994-01-04 39 (ft FAMOUS CONTAINER LINES 10 ANSON RD. #15-21 INTERNATIONAL PLAZA, S PORE 0207 HOT LINE: *****33 (24 LINES) GOTHENBURG/SCAN 10/1 ROTTERDAM 10/1 AARHUS/COPENHAGEN 1071 HAMBURG/BREMEN 10/1 MARSEILLE/FRANCE 571 FELIXSTOWE/UK 10/1 BARCELONA/SPAIN 10/1 LEHAVRE/FRANCE 10/1 GENOA/ITALY fl/f ANTWERP/BELGIUM 10/1 LOS ANGELES/WC/IPI 9/1 SYDNEY/MELBOURNE 7/1 NEW YORK/EC 671 FREMANTLE/ ADELAIDE 0/1 VANCOUVER601 words
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Advertisement1654 1994-01-04 39 i i M l —i Imm n....u f I™*™- VOY SIN PEN M WANA BMUM 209S Wad 5/1 Sal 9/1 -S BP VESSEL VOY SIN BKK CHAIYA BHUM 338 Fri 7/1 Tua 11/1 ff 505 7/1 /1 K| XETHA BHUM 29N Tua IN FtT Fri 7/1~ BHATRA BHUM 118 Sal1,654 words
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Advertisement1969 1994-01-04 40 *AIMN CONTAINER LINES 12N=/VV I Agents: MAC-NELS SPORE: *****22 (24 LINEB) X 'C/R Hoc **********0 C SIBU (084) *****9 KUCHINQ (082) *****3 PENANG: (04) *****8 BANGKOK (662) *****57 MANILA (632) *****61 P.KELANQ: (03) *****77 JAKARTA: (21) *****07 SURABAYA: (31) *****0 HKG/TWN/BKK GENOA/EUROPE PEN PKL SIN 5 SAILINGS/WEEK PEN PK SIN1,969 words
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Advertisement990 1994-01-04 40 £> THONG SOON UNES PTE LTD I I Vf 1 78 SHENTON WAY #10-01, SINGAPORE 0207 I I K \y TEL: 227-5088 FAX: 227-6011 I I .jTsi TLX: RS ***** CARRIER, RS ***** JENHOL CABLE: TOSOCO I SINGAPORE TO SARAWAK raSEL VOY S PORE lEST VESSEL VOY PEST EQUATOR JADE990 words
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Advertisement23 1994-01-04 43 \Cw~^S) EYE ON THE TIGERS Nobody covers East Asia like we do. The Region. Everyday. SIN< IAPOHK f Business Times WE mow ASM23 words
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Advertisement55 1994-01-04 43 ~~i Eteajtive Housekeeper -this I O wants is me. But I'll never neqiec-t I y -this house, 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 harian55 words
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Page 43 Miscellaneous
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Miscellaneous724 1994-01-04 43 TODAY'S TIDES (height in metres) HOUR 0000 0100 0200 0300 0400 0500 0600 0700 0800 0900 1000 1100 1200 1300 1400 1500 1600 1700 1800 1900 2000 2100 2200 2300 JR 1.2 1.8 2.4 2.6 2.6 2.5 2.1 1.6 1.2 1.0 1.0 1.1 1.5 2.0 2.5 28 2.8 26 2.1724 words
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Advertisement370 1994-01-04 44 5 vigour PAanc lines VESSEL VOYAGE SINGAPORE MANILA VIGOUR SINGAPORE 9402N 07/01 94 15/01/94 VIGOUR SINGAPORE 9402 AN 10/01/94 15/01/94 LOADtIG EVERY VIGOUR PACIFIC 9403N 14/01/94 22/01/94 FM) Y W® MONDAY VESSEL SINGAPORE PORT KLANG PENANG SINGAPORE VIGOUR SINGAPORE 9402N 07/01/94 09/01/94 10/01/94 PENANG JAYA 826 10/01/94 11/01/94 13/01/94 VIGOUR370 words
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Advertisement493 1994-01-04 44 ®APPENSHIP /2\ HAMBURG IT\J CONVENTIONAL A INDEPENDENT LINER SERVICE EUROPE TO SOUTH EAST ASIA AND FAR EAST VESSELS LOADING TORTS DISCHARGE/LOADMG FOR RIMBA MERANTI SPORE 19/1 LORE LEY PORT SAID 29 12.93 SPORE 18/1 BKK 23/1 FRUITION ANTWERP 23.11.93 SPORE 10/1 BKK 15/1 FOWUM WINO PORT SAID 1.1.94 SPORE 19/1493 words
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Advertisement304 1994-01-04 44 i. cosco UKC CONVENTIONAL SERVICE VESSEL PKL PNG P.O. LOADING FOR A VESSEL 28/01 Rotterdam/Antwerp CHINA CONVENTIONAL SERVICE VESSEL PKL PNG P.O. LOADING FOR: A VESSEL 15/12 20/12 Huangpu/Guangztiou COSCO FULL CONTAINER SERVICES (FCL/FCL) EXPORT TO: CHIN A/BANGK OK/HONGKONG EUROPE/CONTINENTAL WEST MEDITERRANEAN AUSTRALIA US WEST COAST PERSIAN GULF/KARACHI Please refer304 words
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Advertisement998 1994-01-04 45 I MERCHANT MARINE CO. LTD. WESTBOUND TO EUROPE BKG: *****61 VESSELS VOY I PNA I PKE I PGP I VESSELS VOY I SIN I RTM ANT* UH* HAM MEt FEL NOR MALACCA 9401 A 03/01 04/01 06/01 SI MARINER 308** 10/01 2S/01 2S/01 29/01 30/01 30/01 01/02 HMM ADVANCE 035998 words
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Advertisement457 1994-01-04 45 BBSS STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS INBOUND VESSELS VESSEL VOV V n «UC M SIKI AKEIStN 12 l/I ll'l COSMIC MASTER V 29 1/1 EASTERN KARL V2I 5/1 1/1 ODAKE SM Vl4 S/l «/l COSMIC MOBEER VJ« 27/1 21/1 AKEIIA V2l 27/1 21/1 OUTBOUND VESSELS LOADING457 words
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Advertisement928 1994-01-04 45 VESSEL I VOY I SW ETA/0 LAX OAK CHI DAL MEM/COl I HOU I NYC [NOR ALLIGATOR PRPE 4»A 06-07/01 23/01 25/01 26/01 27/01 27/01 28/01 28/01 29/01 GEORGE WASHWGTON BR 75A 13 14/01 30/01 01/02 02/02 03/02 03/02 04/02 04/02 05/02 ALLIGATOR VICTORY 50A 20-21/01 06/02 08/02 09/02 10/02928 words
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Advertisement7 1994-01-04 46 I ANALYSIS I Tomorrow in Business Times7 words
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Advertisement6 1994-01-04 46 [|j "ANALYSIS^ Tomorrow in Business Times6 words
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