The Business Times, 11 January 1994

Total Pages: 46
1 46 The Business Times
  • 12 1 Business Times WE KNOW ASIA MITA(P) 010/12/93 Tuesdav January 11 1994 75*
    12 words
  • 2am LATEST
    • 64 1 Reuter NEW YORK US stocks continued to trade higher into midday yesterday with strength in car stocks and a scll-ofT in all four players in the Paramount takeover saga. After a brief soft stretch in the morning, which analysts attributed to a weak bond market
      Reuter  -  64 words
    • 79 1 AFP BRUSSELS Ukraine has agreed to give up its nuclear warheads as part of a deal struck with the US and Russia. US President Bill Clinton said here yesterday. He said the deal would involve the destruction of 176 inter-conti-nental ballistic missiles and 1.500
      AFP  -  79 words
  • Article, Illustration
    112 1 Stock market indices Monda? Change ST1I 2.424 36 +5796 KLSE Composite...1.206.75 +16.02 Nikkei I8.44.V44 +319.43 Hang Seng 11.366.94 +365.46 SET Index 1 545.28 -30.15 Jakarta Composite closed CLSA China B 1 452.78 -9.08 Aust All Ord 2.198 6 +12.6 FTSE 100 3.440.6 -5.4 Monday Pruinus 1 pm close
    112 words
  • 770 1  -  Move signals end to interest rate downtrend; stock market analysts wary By/ Alvin Tay, Shiv Taneja SINGAPORE The United Overseas Bank (UOB) group will raise its prime lending rate by half a percentage point to 5.5 per cent from today, reversing a 2'/2-year downward
    770 words
  • 384 1  -  By R Sivanithy SINGAPORE Led by gains in Tokyo and Hongkong, the Singapore and Malaysian stock markets rebounded strongly yesterday, while the correction in the Thai and Philippine bourses continued. In Japan, foreign funds bought on expectations that the government would soon
    384 words
  • 413 1  -  From Leslie Lopez in KUALA LUMPUR FORMER Finance Minister Daim Zainuddin, Malaysia's chief economic adviser to the government and widely considered as one of the country's most savvy stock market operators, yesterday warned that the extended bull run on the rumour-driven Kuala
    413 words
  • 262 1 SINGAPORE The Telecommunication Authority of Singapore (TAS) has clarified BT's report yesterday headlined "Singapore Telecom must spell out scope of monopoly rights". The report said TAS wanted Singapore Telecom to "spell out precisely what lies within its exclusive right to operate and provide basic telecommunication
    262 words
  • 624 1  -  By Anna Teo SINGAPORE Following Singapore Telecom's flotation last November, the next statutory board to be privatised is likely to be the Public Utilities Board (PUB), President Ong Teng Cheong announced at the opening of parliament last night. This will happen
    624 words
  • 205 1 AFP HONGKONG China's paramount leader Deng Xiaoping has made a rare public appearance in Shanghai, taking in the city's lights on New Year's Day from atop a high-rise hotel, a pro-Beijing Hongkong newspaper said yesterday. Wen WW Po said Mr Deng. 89, took guests at
    AFP  -  205 words
  • Page 1 Advertisements
    • 131 1 mk FRESH 1 EXTRA STRONG Ld REFRESHING Sole Agent: Shriro (Singapore) Pte. Ltd. CONTENTS S pore News 2 S pore tfTsa 17.18,19 Regional News 3,4,6 Financial 20.21 Work) News 8.9 Fcatarvs Mariiets Analysis 15 CW>/MS£. SES 24 26 EtMorial 14 Regional 22 Sports 10 Work) 23 TV/Litestyte 13 Currencies 20
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    • 17 1 Property: Ph ii Value of Guangzhou, Shenzhen land rises Vietnam awash with new property projects Page 11
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    • 23 1 Hock lu>ck Siew: Pk S Time for ASM to ta&tfpck Full reports. Pages 22-26 Liquidity set to fuel Thai bull run. Page 18
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  • SINGAPORE NEWS
    • eye on the ECONOMY
      • 296 2  -  By Schutz Lee SINGAPORE's appetite for foreign-made goods softened last November as the volume of imports retained for domestic use dipped by 0.4 per cent. This is the first time retained imports imports less re-exports have contracted over the same month a year ago since August
        Source: Dept of Statistics  -  296 words
    • 244 2 SIXTEEN of the 21 shophouses in Little India's conservation district, put up for sale last September, have been offered to the highest bidders. The Urban Redevelopment Authority (URA) announced yesterday that the successful tenderers have to complete restoration within 35
      244 words
    • 668 2  -  Parliament: Addenda to the President's address By Anna Teo SINGAPORE will shift from offering itself as an attractive offshore production and services centre to becoming a regional base for multinational and local companies, the Ministry of Trade Industry (MTI) says in its addendum
      668 words
    • 475 2  -  From Catherine Ong in HONGKONG SINGAPORE can expect a major consumer boom which will power growth in the next two years, says a report by Hongkong-based Jardine Fleming Securities. The recent report listed several factors which point to a major pick-up in
      475 words
    • 329 2 EVIDENCE shows that the $1.5 million which Amcol Holdings director Kang Hwi Wah received from his business partner was a commission but not a loan, the High Court heard yesterday. Appealing against the acquittal given to Mr Kang.
      329 words
  • Page 2 Advertisements
    • 73 2 FINANCIAL NEWS A quick look at the markets Call 24 hours a day for mid-day reports of SES KLSE and closing reports of the world markets. Cost: 30 cents per minute mi; ...At Asia's Largest Gifts, Houseware Premium Fairs. C=K HONG KONG fc TRADE DEVELOPMENT COUNCIL IEJUIb WE CREATE OPPORTUNmES
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  • THE REGION
    • 542 3  -  From Leslie Lopez in KUALA LUMPUR JOSEPH Pairin Kitingan, Sabah's embattled Chief Minister, dissolved the State Assembly yesterday paving the way for a potentially heated electoral contest with Prime Minister Mahathir Mohamad's ruling party. Speaking to reporters in the state capital of
      542 words
    • 186 3 Reuter HANOI Factories in Ho Chi Minh City have been hit by a rash of strikes over pay and conditions, state-owned newspapers reported yesterday. The trade union newspaper Lao Dong said that workers at four plants had gone on strike in the
      Reuter  -  186 words
    • 207 3 AP BANGKOK Labour leaders have threatened a May 1 general strike if the government does not approve an 8 per cent increase in the minimum wage. A Labour Ministry spokeswoman said yesterday that the proposed increase, based
      AP  -  207 words
    • 326 3 Knight-Ridder BANGKOK A sugar mill with a capacity to crush 46,000 tonnes of sugar cane a day opened on Sunday, but with intake cut to a maximum 18,000 tonnes a day to comply with government licensing. Thailand's Wang
      Knight-Ridder  -  326 words
    • 271 3 Reuter JAKARTA The Association of South-east Asian Nations (Asean) and India have formed a body to help promote bilateral trade, investment and tourism. The Asean-India Joint Sectoral Cooperation Committee (AIJSCC) was formally established during a two-day meeting on the Indonesian resort island of Bali
      Reuter  -  271 words
    • 383 3 Reuter MANILA The Philippines and the International Monetary Fund (IMF) opened talks on a new economic programme yesterday and President Fidel Ramos said the country was in a better position to negotiate a deal. A five-member IMF team and Manila officials began
      Reuter  -  383 words
    • 322 3 Bernama KUALA LUMPUR The Malaysian property sector has vast room for expansion and the booming local share market is seen as one of the contributing factors to the growth. The managing director of C H Williams Talhar Wong, John Loh, said yesterday
      Bernama  -  322 words
    • 495 4 Reuter HONGKONG China's tax reforms should reverse an alarming fall in the central government's share of revenue but are also likely to encourage rampant smuggling, Hongkongbased tax experts and bankers said yesterday. With local and provincial authorities grabbing a growing slice of
      Reuter  -  495 words
    • 178 4 Bloomberg Business News BEIJING China's coal industry cut its losses by a third last year by getting rid of 120,000 workers and reassigning 130,000 miners to nonmining jobs, the official Economic Daily reports. Minister of Coal Industry Wang Senhao told a working meeting total
      Bloomberg Business News  -  178 words
    • 473 4 Urges return to negotiation table, may seek international arbitration Reuter BEIJING China yesterday delivered a fresh blast at a US decision to slash Beijing's textile export quota, saying it was "totally ignorant" and trampled on world agreements to liberalise global trade. Li Zhongzhou,
      Reuter  -  473 words
    • 256 4 Reuter SEOUL South Korean President Kim Young-sam gave a luncheon yesterday for his three predecessors in an effort to mend past rifts and win their backing for his policies. A presidential statement said Mr Kim to Koh Tae Woo, Chun Doo Hwan and Choi Kyu
      Reuter  -  256 words
    • 505 4 Reuter SEOUL Communist North Korea is likely to resume talks with the South soon in a bid to resolve an inter-Korean row over nuclear inspections. South Korea's Unification Minister Lee Yung Dug said yesterday that Pyongyang would soon realise NorthSouth talks on
      Reuter  -  505 words
    • 435 4 Bloomberg Business News, UPI, AFP, AP HONGKONG The Hongkong government yesterday reduced its estimate Tor the total cost of the territory's new airport core programme by HKSS.S billion (SSl.l billion) or 3.4 per cent. In a written statement, the
      Bloomberg Business News,; UPI,; AFP,; AP  -  435 words
    • ASIA NOTES
      • 68 4 AFP SINGAPORE A former Indonesian diplomat, Gusti Rusli Noor, has been appointed executive director of the Singaporebased Asia-Pacific Economic Cooperation (Apec) secretariat. Mr RusK, 66, was formerly secretary-general of the Jakarta-based secretariat of the Association of South-east Asian Nations grouping Brunei, Indonesia, Malaysia, the Philippines,
        AFP  -  68 words
      • 79 4 Reuter TOKYO Japan will raise tariffs on foreign beef if quarterly imports increased more than 17 per cent year-on-year, starting from 1995, an Agriculture Ministry official said. The measure was agreed under the Uruguay Round of General Agreement on Tariffs and Trade, completed in
        Reuter  -  79 words
      • 102 4 Reuter SEOUL South Korea's Finance Ministry, responding to calls by President Kim Young Sam to globalise the economy, said it planned to further relax its foreign exchange rules this year. The leading economic daily Maeil Kyiingje said the ministry was expected to allow
        Reuter  -  102 words
      • 57 4 Reuter MANILA Philippine export earnings rose 15.2 per cent to US$lO.3 billion in January to November last year against US$B.9 billion a year earlier, the National Statistics Office said. Electronics were the top earners, followed by clothing and coconut oil. The United States remained the main
        Reuter  -  57 words
      • 70 4 Reuter HONGKONG Two people were killed and 11 injured when a crowded bank in Hongkong was firebombed yesterday, officials said. A man was arrested at the scene, a branch of the Hongkong and Shanghai Banking Corp in busy Kowloon, police said. The man burst
        Reuter  -  70 words
    • 155 4 Bloomberg Business News HONGKONG Rupert Murdoch's Asian satellite broadcaster Star TV said it intended to sue the United Communications Group of companies, owner of its former advertising sales agent in Taiwan, for breach of contract. UCG's Satellite Television Marketing last week broke
      Bloomberg Business News  -  155 words
    • 328 6 AFP NEW DELHI Foreign investors have pledged US$4.3 billion (SS6.B billion) to industrial projects in India since it opened up its huge market in August 1991. ending four decades of protectionism, the government said yesterday. Some USS2.9 billion of that was
      AFP  -  328 words
    • 250 6 Reuter PORT MORESBY Papua New Guinea (PNG) will open its first stock exchange in August this year. Finance Minister Julius Chan said yesterday. He said in a statement the first company expected to list is Lihir Gold Co, the company to be
      Reuter  -  250 words
    • 285 6 Bloomberg Business News, AP SYDNEY The Insurance Council of Australia late yesterday raised its estimate of property losses from savage wildfires in and around Sydney to Aslso million (Ssl64 million) from Asloo million, as claims from those who lost their homes over
      Bloomberg Business News,; AP  -  285 words
    • 427 6 Reuter CANBERRA Australia's jobless rate for December probably eased while employment continued to grow, economists said, tipping further modest but sustained falls in the unemployment rate in 1994. Labour force data, due on Thursday at 0030 GMT, is expected to show the December
      Reuter  -  427 words
    • 362 6 Reuter TOKYO Japan's ruling coalition will aim for a final parliamentary vote on political reforms on Jan 19 and tackle the country's recession with a fresh stimulative package the next day. coalition officials said yesterday. Top government spokesman Masayoshi Takemura told a
      Reuter  -  362 words
    • 38 6 Reuter TOKYO Ninja-style street performers drawing the crowds on a street where they are just one of many acts among the rock bands, pantomimists and dancers that put on a show every Sunday. Reuter
      Reuter  -  38 words
    • 163 6 Reuter TOKYO Economists say Japanese wholesale prices are likely to have fallen in 1993 from the previous year, and will stay under pressure for the foreseeable future. The domestic wholesale price index (WPI) is expected to show a 2 per cent year-on-year decline
      Reuter  -  163 words
    • 237 6 AP TOKYO Lifetime employment remains one of the most envied aspects of the Japanese workplace but, amid severe recession. employees at one major manufacturer have just had their corporate lifespan shortened. Officials at Okuma Corp yesterday say the machine toolmaking company
      AP  -  237 words
    • 561 6 Reuter CANBERRA Australia, one of the world's last holdouts in the global rush for pay television. is set to finally join the fray this year, but analysts warn the service may prove costly and rewards for companies involved are still
      Reuter  -  561 words
  • Page 3 Advertisements
    • 141 3 t FINANCIAL HIGHLIGHTS ARAB-MALAYSIAN FINANCE BERHAD (a subsidiary of AMMB Holdings Berhad) Half-Year Ended 30th September, 1993 Audited Results 1993 1992 In Million RM In Million RM Change Profit Before Taxation 53.4 38.6 38.3 Profit After Taxation 37.5 25.9 44.8 Shareholders' Funds 332.3 285.0 16.6 Loans Advances, Net of Provisions
      141 words
    • 169 3 Prime Branch Office Locations Impressive Furnishing Im^ill Servcorp-The World's Finest Serviced Offices At just a fraction of traditional office costs, Servcorp makes even small one-man businesses look like a million dollars! Servcorp's compact offices offer the spectacular infra-structure of large corporations, amidst the most luxurious business setting. Less Than The
      169 words

  • Page 4 Advertisements
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    • 166 4 This is a highly innovative 18-month I T I Innovations Strengths distance teaching postgraduate specialist m FIRST specialist MBA in Investment and programme. It is designed to prepare Finance in the region ambitious managers and executives for ■uIM cIDeT a n more effective specialist management WW academic P support syste
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    • 6 4 Earlier report, Shipping Times, Pg 20
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  • Page 5 Advertisements
    • 111 5 WHO ARE THE PEOPLE The Concourse Major tenant: Amex Travel Related Services Hitachi Tower A major tenant: American Express Bank lane Crawford Pfoce Major tenant: Pioneer Electronics Asiocentre WHO PUT MORE PEOPLE KT: Ri; !^H^H 79 Anson Rood Major tenant: Brown Root Keppel Tower Major tenant Sony International UOB Plaza
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  • Page 6 Advertisements
    • 197 6 RT] University of South Australia DOCTOR OF PHILOSOPHY (Ph.D.) DEGREE IN BUSINESS AND MANAGEMENT HHH 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
      197 words
    • 145 6 ODYSSEY TO EXOTIC MALUKU Isn't it time you take a break and indulge in a Real adventure? -vi.W T Join us on a unique expedition to the fabled Spice Islands, climb the towering volcanoes, dive into pristine waters teeming with tropical coral fish, stroll along white sand beaches and meet
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  • Page 7 Advertisements
    • 109 7 THE PEOPLE FROM RICHARD ELLIS. Jic V¥-%^' THAT'S WHO. No matter how much space you need to lease, sell or buy, the only As one of the world s largest real estate consulting firms established name you need to know is Richard Ellis. That's because we're the people over two
      109 words

  • THE WORLD
    • WORLD WATCH
      • 89 8 Bloomberg Business News LONDON French Prime Minister Edouard Balladur reached agreement with the Saudis in Riyadh to establish a joint committee to discuss commercial and finalise industrial and armaments contracts worth USS2 billion (553.2 billion), the binomial limes reported. The visit also resulted in
        Bloomberg Business News  -  89 words
      • 42 8 Reuter HAMBURG, New York Blizzard-like conditions and below freezing temperature complicate a walk from the market with a filled grocery cart. Much of western New York was hard hit by winter weather on Sunday. Reuter
        Reuter  -  42 words
      • 95 8 Reuter NEW YORK President Clinton's economic advisers have agreed to recommend that Mr Clinton name Brookings Institution economist George Perry to the Federal Reserve Board, administration officials told the Wall Street Journal. The paper said the president has yet to interview Mr Perry, adding
        Reuter  -  95 words
      • 83 8 AFP PARIS French consumer prices fell by 0.1 per cent in December taking the change during the whole of 1993 to an increase of 2.1 per cent, provisional official figures showed yesterday. In 1992, prices had risen by 1.9 per cent and in
        AFP  -  83 words
    • 416 8 Reuter LONDON Prime Minister John Major's "back to basics" moral crusade faced fierce criticism yesterday, with politicians and commentators saying it had backfired and severely dented his credibility. Mr Major's ruling Conservative Party has been rocked by the resignation of three senior
      Reuter  -  416 words
    • 484 8  -  By Chuang Peck Ming SINGAPORE American manufacturers go for jointventures in Asia, rather than make acquisitions as they do elsewhere, says management consultant Ernst and Young International. Four out of five American projects in Asia in 1991 and 1992 were on
      484 words
    • 181 8 Reuter LONDON The UK Treasury welcomed the release of credit business, trade and housing start statistics, describing the data on the state of the economy as encouraging. Credit to consumers in the three months to November were at the highest level for over three
      Reuter  -  181 words
    • 62 8 Reuter TORKHAM, Pakistan An Afghan refugee family in a pick-up van entering Pakistan at the border town of Torkham on Sunday. Thousands of Afghans fled from Kabul after fighting between warring factions. Sporadic fighting continued in the war-torn Afghan capital of Kabul despite
      Reuter  -  62 words
    • 577 8 Reuter LONDON Fancy a new market pet? Sell the Tiger, buy a Panther. Latin America will see an injection of foreign capital in 1994 as investors lighten up on overblown South-east Asian markets and seek fresh value, funds say. "A major
      Reuter  -  577 words
    • 247 8 AFP LONDON Britain's trade deficit with the world almost halved in October, official figures released yesterday showed, boosting hopes that the country's long-awaited economic recover) will be sustained. Figures from the Central Statistical Office showed Britain's trade deficit with the world
      AFP  -  247 words
    • 296 8 Reuter. UPI MOSCOW President Boris Yeltsin signed a decree yesterday ushering in a major shake-up of the Russian government, which may lead to the demotion of top reformers responsible for Russia's dramatic shift to a market economy. A decree published by his press office gave
      Reuter.; UPI  -  296 words
    • 500 9 Reuter WASHINGTON As the Clinton Administration and others see it. the US economy has entered a gentle but sustainable upswing in which inflation is largely tamed, interest rates are low and unemployment drifts quietly down. Such a bucolic view of the economic
      Reuter  -  500 words
    • 39 9 Reuter KATLEHONG, South Africa Associated Press photographer Abdul Shariffe, 31, in the car which ferried him to hospital, w here he died later. He was shot in Katlehong township on Sunday. Reuter
      Reuter  -  39 words
    • 129 9 Rcuter FORT LAUDERDLE. Florida The American Farm Bureau Federation, the largest US farm group, is likely to support the new world trade pact but it may qualify its support until all details are reviewed, president Dean Kleckner says. "I suspect we will
      Rcuter  -  129 words
    • 525 9 FT LONDON There are growing signs that the president of the European Monetary Institute, Alexandre Lamfalussy, will have a struggle to get the organisation accepted as a significant force in European monetary affairs. The institute's council will hold its inaugural meeting in
      FT  -  525 words
    • 385 9 FT BRUSSELS Belgium was shaken over the weekend by the publication of leaked allegations of bribery and corruption at the heart of the country's French-speaking Socialist Party, one of four members of the fragile governing coalition. Mrs Veronique Ancia, an investigating magistrate from Liege,
      FT  -  385 words
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    • 164 8 wmin/ Asia-Pacific Research Centre The Indisputable Leader In Productivity Management MP 1 jWjgflj S/N Course Title Singapore 1 FMEA Jan 24, 25,26 2 Reliability Enhancement For SMT Jan 27, 28 3 Taguchi Methods Feb 16, 17 To Design of Experiments 18 MM Wmm "4 MOST Feb 16, 17, 18, Q
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  • SPORTS
    • 565 10 Golf Mercedes Championships AP CARLSBAD, California While Phil Mickelson beat Fred Couples in a play-ofT, it was Jack Nicklaus who captured the spotlight in the Mercedes Championships on Sunday. Nicklaus came from three shots off the pace to win the senior section
      AP  -  565 words
    • 536 10 AFP LOS ANGELES Napoleon McCallum and Rodney Hampton rushed for key second-half touchdowns on Sunday, sustaining American football title hopes for the Los Angeles Raiders and New York Giants. McCallum of the Raiders rushed for three second-half touchdowns after Jeff Hostetler threw for
      AFP; Reuter  -  536 words
    • SPORT SHORTS
      • 45 10 Reuter NEW YORK NFL Sunda) NFC Wild Card game: NY Giants 17 Minnesota 10 (Giants advance to 2nd round against 49ers in San Francisco). AFC Wild Card game: LA Raiders 42 Denver 24 (Raiders advance to 2nd round against Bills in Buffalo). Reuter
        Reuter  -  45 words
      • Article, Illustration
        204 10 Reuter NEW YORK NBA Sunday: New York 99 Portland 85; Phoenix 122 Golden State 107; LA Lakers 89 San Antonio 95. Standings (won. lost, winning percentage and games behind) Eastern Conference. Atlantic Division: I New York 21 9 .700 2 Orlando 18 13 .581 3'/i 3 Miami 16 13
        Reuter  -  204 words
      • Article, Illustration
        182 10 AP AFP CARLSBAD, Calif. Mercedes Championships leading final scores and prize mone> Sunda> (x-won on second hole of playoff) PGA Tour (LSSI million purse): 276 x-Phil M ickelson US$lBO,OOO 70-68-70-68. Fred Couples US$l2O.OOO 69-70-69-68 278 Tom Kite US$BO,OOO 73-68-69-68 280 Davis Love 111 71-69-72-68. Scott Simpson 70-72-70-68. Jay Haas
        AP; AFP  -  182 words
      • Article, Illustration
        40 10 AFP AFP HONOLULU, Hawaii LS$3OO.OOO men's tournament final Sunda): Wayne Ferreira (SA xl) b Richey Reneberg (US x 2) 6-4 6-7 (3/7) 6-1. AFP DOHA Doha ATP tournament final Sunda>: Stefan Edberg (Swe) b Paul Haarhuis (Neth) 6-3 6-2.
        AFP  -  40 words
      • Article, Illustration
        67 10 AFP FREMANTLE. Australia W hitbread round-the-world race positions at 0200 GMI Monday in the third to Auckland. New Zealand: I Tokio 3.109 nautical miles to finish 2 Intrum Justitia 3.110 2 New Zealand Endeavour (Maxi yacht) 3.110 4 Galicia 93 Pescanova 3.111 5 Yamaha 3.113 5La Poste (Maxi) 3.113
        AFP  -  67 words
    • 262 10 AP CARLSBAD. California Two weeks ago. Jack Nicklaus was looking at video tapes of his swing. "Oh. my goodness." he recalled thinking. "I've got to take this on the road and try to play with it?" Now. fresh on the heels of a
      AP  -  262 words
    • SIDE LINES
      • 82 10 Reuter GEORGE. South Africa Zimbabwe's Tony Johnstone equalled Gary Player's record of four successive South African tour victories when he won the Bell's Cup on Sunday. Johnstone resisted the early challenge of Emie Els and David Frost to finish with a two under par 70, three
        Reuter  -  82 words
      • 40 10 Reuter FREMANTLE, Australia Dennis Connor's Winston (right) leading Dawn Reilly's Heineken, both from the US, at the start of the Fremantle-to-Auckland stage of the Whitbread Round the World Yacht Race for the Heineken Trophy yesterday. Reuter
        Reuter  -  40 words
      • 107 10 Reuter SYDNEY Monica Seles is likely to return to top-level tennis within the next four to seven weeks, according to Women's Tennis Association president Pam Shriver. Shriver said she had spoken to Seles before Christmas and revealed the former world No 1 had known
        Reuter  -  107 words
      • 108 10 Reuter JAKARTA Top seed Michael Chang of the United States was expected to defend his title at the US$3OO,OOO Indonesian Mens' Tennis Open due to begin here yesterday. Chang, the world's Bth-ranked player, defeated German Carl-Uwe Steeb in three sets in last year's
        Reuter  -  108 words
      • 102 10 AFP PHOENIX, Arizona Perhaps now the Phoenix Suns will believe Charles Barkley when he says the time has come for him to retire. The National Basketball Association All-Star forward will be sidelined indefinitely after suffering a torn tendon in his right leg. He sufTered the injury
        AFP  -  102 words
      • 119 10 AFP DOHA The professional tennis ruling body has demanded that Boris Becker substantiate claims that drug abuse is widespread in the game. Association of Tennis Players executive vice-president Larry Scott said here on Sunday that the German tennis star would be queried some time in
        AFP  -  119 words
      • 72 10 AFP NEW YORK Dr Jamie Astaphan, who prescribed steroids to Ben Johnson and other athletes, was arrested on drug charges after bad weather diverted his plane here, the authorities said on Sunday. Astaphan, who was flying from Antigua to Toronto, was wanted for importing and distributing steroids
        AFP  -  72 words
    • 624 10 AP SEATTLE Move over, Houston. The Seattle SuperSonics now have the National Basketball Association's best record. The Sonics. a team devoid of superstars, are 26-3, and on pace to break the all-time record of 69-13 set by the 1971-72 Los Angeles Lakers
      AP  -  624 words
  • Page 10 Advertisements
    • 82 10 This announcement appears as a matter of record only December 1993 <ss> PT TAMARA BANK U5517,000,000 TERM LOAN FACILITY Lenders Hanil Bank (Deutschland) GmbH Hanil Leasing Finance (Hong Kong) Limited Bank of China, Singapore Branch Bank Pembangunan Indonesia (Persero), Hong Kong Branch Korea Leasing (Hong Kong) Limited Standard Chartered Merchant
      82 words

  • PROPERTY & CONSTRUCTION
    • 1111 11  -  Foreign developers are changing the skyline of Ho Chi Minh City, reports Harish Mehta Harish Mehta A business executive with a Taiwanese firm controlled by the ruling Kuomintang, Y T Young, is putting the final touches to an ambitious plan to build five cities near
      1,111 words
    • REGIONAL SKYLINE
      • 80 11 SINGAPORE Singapore-based Liang Huat Aluminium has won its first contract of 54.5 million in Thailand as part of its regional expansion programme. It will handle the wall and window structures for Central Plaza Pinklao in Bangkok. In Hongkong. it is slated to complete work for
        80 words
      • 75 11 SINGAPORE The first riverside village. Clarke Quay, has won the Best Asean Conservation Effort in this year's Aseanta Awards for Excellence in Tourism. Its owner and developer DBS Land clinched the same award in 1992 for its work on Raffles Hotel. The awards organised by
        75 words
      • 80 11 SINGAPORE The easing of building limits will pave the way for large-scale redevelopment in Kowloon. says a South China Morning Post report. The limits were imposed because of the proximity of Kai Tak airport, but have since been relaxed on 79 per cent of the
        80 words
      • 74 11 BANGKOK Market prospects in northern Thailand are bright because of the impending completion of about 100 investment projects, reported Bangkok Post. However, the number of projects to be launched this year is not expected to exceed last year's total of 129. Official sources say that
        74 words
      • 97 11 HANOI The government is seeking funds for development and infrastructure in a bid to spark a "Vietnam Fever" among foreign investors, according to Bangkok Post. It is believed that the lifting of the US embargo will bring on the fever. Last year alone, total
        97 words
    • 342 11  -  By Said Abdullah Property values in Guangzhou China's richest city and neighbouring Shenzhen are likely to surge by Lunar New Year, says a South China Morning Post report. It quoted a mainland developer as anticipating a "breakthrough" in property prices
      342 words
    • 325 11 Selected market transactions in the past week P»«Wct j Propwty Typ> (tqfy Twwr» (gg 10 S$pd PWVATE Jan 9,1994 0409 Teresa Ville Apt 1356 FH 650,000 479 Jan 7,1994 0511 Normanton Park Apt 1270 99LH J 428,000 337 Jan 8,1994 I 0923 j Rivershire Apt 1688 FH 958,000
      325 words
    • 272 11 Property developers in Hongkong will expand into other areas in the coming years, the South China .Horning Post reported, quoting analysts. Nomura Research Institute manager Nicholas Pang said property developers were starting to look beyond property projects to maintain healthy earnings growth. He
      272 words
    • 442 11 Land Houses puts up 3.8b baht budget Land development and investments in related businesses on the cards Land houses pic has set aside 3.8 billion baht (***** million) for land development and related businesses this year, according to a report in The Nation. Half of the total investment will come
      442 words
  • Page 11 Advertisements
    • 75 11 Dl 5 SIGLAP VICINITY OFF UPP. EAST COAST RD Residential Development Site Lois 3748, 6664 2953. MK 27AtJalanJamal Total Site Area: 3,058 7 sq.m. (32,923 sq.ft.) approx. FREEHOLD. Vacant possession Density 245 ppba. Micro Zoning -Upto 4 storey Uet elopmenl Certificate of Title VoL 115 FoL 136 VoL 346 FoL
      75 words
    • 109 11 WESTERN SAMOA long term international companies are the most jKl»J>7iin^¥?M cost effective solution for your offshore company structure. Available at an We also provide offshore effective annual cost r companies from: from as low as US$4OO British Virgin Islands per annum. Bahamas Bermuda Full nominee, Cook Islands management, secretarial and
      109 words

  • Page 12 Advertisements
    • 1068 12 Nnthjng Beats A BtKl7 BHVi'ifl WHERE TO WINE, DINE AND ENTERTAIN OF Ywiih u d aiuin Yangzhou Dianxin Executive Lunch With more new items, for 2, 4 and 6 people, the Yangzhou dianxin Call *****93 for reservations, lunch in Tien Court has Tien Court also introduces 3 executive lunch menus.
      1,068 words
    • 314 12 Fancy Beijing? Then, we're delighted to suggest the Pine Court for a memorable dining experience. Try our Beijing specialities such as Baked Tench, Beijing Duck and Marinated Lamb and our lunch menu of Beijing dian xin. fIECTVI To add to your enjoyment, DffljU all these are well within your reach.
      314 words

  • LIFESTYLE
    • 655 13  -  Susan Tsang discovers in the works of artist Chen Chong Swee a well-executed realism and a history of local art Susan Tsang MUCH has been said about pioneer artist Chen Chong Swee, who, together with Liu Kang, Chcong Soo Ping and Chen Wen Hsi, made that
      655 words
    • 358 13 CHATTERBOX BILLY CRYSTAL, whose scndups of campy production numbers and quick ad libs have brought great ratings and even Emmys to the past few Acadcmy Awards ccrcmonics, is threatening to call it quits again. Crystal was coaxed last year to host the ccrcmonics one
      358 words
  • Page 13 Advertisements
    • 230 13 genuine taste OF ITALY. Come and dine at Pasta Fresca. Let our wide range of authentic Italian pasta, pizzas, ice-cream and cappuccino thrill you. And of course, don't miss our most-talked about dessert, Tiramisu. PASTA FRESCA DA SALVATORE PTE LTD BIK 833 *01-03 ROYALVILLE BUKIT 71MAH ROAD SINGAPORE 1027 TEL:
      230 words
  • Page 13 Miscellaneous
    • 1375 13 TV RADIO Shadow of a muscle the a Easton and Joan Chen star .M 8.30pm, TV tough female the V K_ 11U v ly. yields to corruption after lousy hours and failed relation- m ships which wear her down. kjM v J^H Stars Thresa Russell. Jeff Fah- Vfl I K
      1,375 words

  • 627 14 EDITORIAL THERE is a three-letter word in President Suharto's Budget plan for 1994-95 that sums up a new determination to be self-re-liant. That three-letter word tax is as significant for Indonesia's economic planning as it is for business. The focus on tax is the personal
    627 words
  • WHAT THE OTHERS SAY
    • 254 14 TWO IMPORTANT LESSONS can be drawn from the spectacular success of Mendaki, the Malay self-help organisation, in coaching Malay pupils for the Primary School Leaving Examination (PSLE). First, creative teaching methods can help to overcome disabilities that are rooted in social, economic or other conditions. Secondly,
      254 words
    • 169 14 IT IS TOO EARLY to draw a conclusion on the impact of Singapore International Television's debut on the regional scene. However, the republic's emergence as one of the regional players in broadcasting is a healthy development. That instead of relying on others to transmit their programmes to
      169 words
    • 234 14 WHEN FORMER Japanese Foreign Minister Michio Watanabe visited China in January 1992, the focus was on using economic aid in exchange for China's support for Japan to become a political superpower, or at least for China to give tacit agreement that it would not
      234 words
    • 194 14 LIKE MOST WARS, trade wars produce more victims than victors. Often the victims are those caught between the warring parties. So the first victims of the battle between the US and China are people investing in the Hongkong stock market. They watched share prices falling yesterday in
      194 words
    • 189 14 WHEN ON Oct 4 last year, we watched images of black smoke spiralling from the Russian parliament building after it was battered by gun salvos from pro-Yeltsin army tanks, most of us thought that Boris Yeltsin's future leadership was secured and that Russia's reform policy was thus
      189 words
  • 1049 14  -  South Korea's Samsung conglomerate plans to shift its focus from quantity to quality. John Burton reports John Burton FT IT IS BEING called chairman Lee Kun Hee's cultural revolution at Samsung, South Korea's oldest and largest conglomerate. Instead of little red books, there are chairman
    FT  -  1,049 words
  • Page 14 Advertisements
    • 266 14 PICKING 1994'S WINNERS Finding winning stocks this year will be that much harder. To help you, we've asked the experts to pick 20 potential L J; a ty mega-baggers J 9r ALSO IN THIS ISSUE: T t; Japanese fund managers discover Asia j/fl) Emerging markets haven't lost their Jakarta stock
      266 words
  • Page 14 Miscellaneous
    • 55 14 i mg 1 !T CW Lofi>T Till TX& TfMCfc. LOOfcK InyG TH£_ V oPP <V Z-Tv y w*S ML SSS, DOONESBURY GARRY TRUDEAU H,OPS! n* ZONK ..mtsep OKAY.I£TSGeT-lOm7HIS> OKAY, THAT ONER'S PERSONAL-ANPMI&-COMIN' WANSMER FIRST LSTTER Be&HS, 'PEAR HR L£TS See tAJHATU.Se. 0HL..04LL... wmuCS' 10V0UA6AHFRCH VOURACHML HARRIS:CONGRATULATIONS' YOU GOT... CATAiO6...CATAUX>... WCnON
      55 words

  • ANALYSIS
    • 1153 15 Russian President Boris Yeltsin looks set to face many obstacles in the new parliament. Moscow Correspondent John Helmer reports THE NEW Russian parliament will meet for the first time today in Moscow. But the new 450member lower chamber, known as the Duma, which was
      1,153 words
    • 1116 15  -  The Clinton administration's 'Partnership for Peace' plan will cede Eastern Europe to Russia, writes Alexander M Haig Jr Alexander M Haig Jr The writer was US Secretary of State from 19HI-82 and Nato 's Supreme Allied Commander Europe from 1974-79 THE NEW YEAR finds
      1,116 words
  • Page 15 Advertisements

  • 529 16 Reuter, AP BRUSSELS Nato leaders, at their first summit since the collapse of the Soviet Union, yesterday offered their former Warsaw Pact foes a "Partnership for Peace" but ruled out any early eastward extension of the alliance. A draft summit statement to
    Reuter,; AP  -  529 words
  • 296 16 Bloomberg Business News HONGKONG Two Chinese airlines want to list on New York stock exchanges. China Southern Airways and China Eastern Airways yesterday said they were awaiting a government decision on whether they could take their shares to the US.
    Bloomberg Business News  -  296 words
  • 306 16 AFP. Bloomberg Business News UPI BRUSSELS United States Trade Representative Mickey Kantor. who is accompanying President Bill Clinton on his European tour, yesterday asked the European Community to join forces in prising open Japanese markets, a European Commission spokesman said. Mr Kantor
    AFP.; Bloomberg Business News; UPI  -  306 words
  • 800 16  -  The Bottom Line NIRMAL GHOSH NIRMAL GHOSH The writer is a BT journalist CYNICS say every year seems to be now or never in India. And there is no shortage of cynics in India. But the ranks of the optimistic
    800 words
  • 423 16 Reuter FRANKFURT German Economics Minister Guenter Rexrodt yesterday threw his weight behind a rescue plan for Mctallgcsellschaft AG. urging shareholders and creditors to raise their financial aid to the crisis-hit metals group. Mr Rexrodt said in a statement
    Reuter  -  423 words
  • 304 16 Bloomberg Business News HONGKONG The Stock Exchange of Hongkong could become the world's fourth largest market in the next three to five years. Chief executive Paul Chow said yesterday: "I don't have a crystal ball, but within three to five years
    Bloomberg Business News  -  304 words
  • 246 16 Bloomberg Business News WASHINGTON The United States Supreme Court yesterday let stand a federal appeals eourt ruling that the Clinton administration was not required to prepare a report on the environmental effects of the North American Free Trade
    Bloomberg Business News  -  246 words
  • Page 16 Advertisements
    • 161 16 r Nitsuka Jt Digital Keyphone Systems -;.^r Leading Edge Tecliaology I JAPAN HONG KONG Business Balance. |I I At J.I). Edwards Company, wc strive to find the perfcet balance between customer satisfaction and profitability. Wc believe we must achievc balanced excellence in order to guarantee our longterm success. To do
      161 words
    • 21 16 r < Distributor: Tel: 27S 1 CBS Singapore Communications Equipment Co Pte Ifd I dA 4/0 I 0 J 0 Quality Service
      21 words

  • COMPANIES & MARKETS
    • 320 17  -  By Paul Leo SINGAPORE Four of last year's top five developed stock markets monitored by securities house Morgan Stanley were from the Pacific Rim. The firm, which monitored 22 developed markets, said Hongkong came out best for the third year running. It climbed
      320 words
    • 52 17 Reuter SINGAPORE Brandt Handley, area director (Asean) for Disney Consumer Products, showing two Singaporean bo>s how to use a new IBM-Disney computer package for children yesterday. The two parties have signed a two-year agreement to promote home computers to families using Disney software designed for education and
      Reuter  -  52 words
    • 465 17  -  By Bernard Chew SINGAPORE Leading personal computer sound card maker Creative Technology announced yesterday that it has obtained a licence to incorporate multilingual speech technologies into its family of 16-bit Sound Blaster audio boards. It said it has signed a licensing agreement
      465 words
    • 706 17  -  fjHOCK lock siew B\ William C'hia SINGAPORE It is little wonder that analysts have difficulty putting a label on Amalgamated Steel Mills Bhd. as the diversified Malaysian steel group has all the characteristics of a corporate chameleon. Malaysian tycoon William Cheng, who controls ASM.
      706 words
    • 243 17 Bernama KUALA LUMPUR Malaysian Helicopter Services Bhd (MHS) is venturing into other business sectors to make it less vulnerable to a downturn in any particular sector. The company, which had previously focused on its diversification within the transportation industry, said its proposed acquisition of
      Bernama  -  243 words
    • 148 17 SINGAPORE Telecom has signed two preliminary agreements to study the feasibility of constructing high-capacity fibre-optic cables connecting South-east Asia to the Indian Ocean region and Europe. The first agreement, signed with Telecom of France, involves a feasibility study of a cable linking
      148 words
    • 235 17 Bernama TAIPING Pos Malaysia Bhd plans to list its shares on the Kuala Lumpur Stock Exchange next year. Executive chairman Zainol Mahmood said yesterday the privatised company was performing satisfactorily, with pretax profit of MS2O million (5512.2 million) in 1992 and about
      Bernama  -  235 words
    • Article, Illustration
      374 17 Source: Bridge Info Performance of STII's Index stocks Jan 10 Ijist Sense Index Slack sale < hee factor mmers <S) <i> V S At into 2 410 0 030 I 46 0 76 AC 8JIM) -0 1 SO 5 05 -3 *0 CWT J 240 -0.020 I -0>l Ccrebos
      Source: Bridge Info  -  374 words
    • COMPANIES
      • COMPANY BRIEFS
        • 26 18 SINGAPORE GP Batteries International has set up a whollyowned subsidiary, GP Battery Poland, to sell batteries, by wholesale and retail.
          26 words
        • 37 18 SINGAPORE Lien Hoe Corporation has told the Kuala Lumpur Stock Exchange it has no knowledge of any takeover offer. The exchange queried the company because of unusual movement in its shares.
          37 words
        • 201 18 WEARNES Technology has clarified that the financial figures in the third paragraph of a Jan 7 article in Business Times "Wearnes Tech to list up to four overseas firms in 1994" were those of Wearne Brothers, not Wearnes Technology. It has also clarified that Wearnes Technology's interest
          201 words
      • 814 18 MBT KUALA LUMPUR Plantation and mining stocks were the largest gainers on the Kuala Lumpur Stock Exchange in terms of absolute price changes in 1993, a year of frantic trading which saw new records posted for indices, trading volumes and values. Despite
        MBT  -  814 words
      • 508 18 MBT KUALA LUMPUR TSH Resources has been approached by three foreign parties to undertake cocoa-re-lated downstream activities, particularly in China. TSH Resources managing director Kelvin Tan Aik Pen said the discussions with the three companies, comprising two Europeans and an American,
        MBT  -  508 words
      • 630 18 MARKET WATCH Reuter BANGKOK Thai stocks are likely to regain strength after last week's heavy fall because excess liquidity will keep the bull running towards 2,000 for at least a few months, analysts and brokers say. The Stock Exchange
        Reuter; Source: Bridge Info  -  630 words
      • 382 18 Bernama KUALA LUMPUR Kumpulan Jetson Bhd, which is seeking a listing on the Second Board of the Kuala Lumpur Stock Exchange, will offer 4.05 million ordinary shares of Msl each at MS 1.70, its chairman Isnin bin Rahim disclosed yesterday. Speaking
        Bernama  -  382 words
      • 180 18 Bernama KUALA LUMPUR Lim Kim Hai Holdings (M) Bhd (LKHH) has entered a joint venture agreement with Transformers Manufacturing Co Pte Ltd (TMC) to make power and distribution transformers in Malaysia for sale locally and abroad. The manufacture of transformers will
        Bernama  -  180 words
      • 509 18 UNIT TRUSTS FUNDS Managers prtcM (S) Jan 11 Unihond f 1025 I 05*d u United Gr Fund 1.73 l.80xd Singapore Unit Trust united Asia Fund 2.07 2 i7*aThc Commerce 1.40 2.00 NTUC IfKOfflC The Savings Fund 1.7ft .85 Bond PoIkv 4.90 5.07 Spore Prog Fund 0.77 0.81 7 Spore See
        509 words
      • 357 18 Payment Kx Books Pay date close date AISB SO* b 5 Dcc 31 Jan 14 Jan 21 Amal Steel 50* b 14 Dcc 2 Dcc 16 Jan 15 Aniah Hldgs SO 1 b 6 Dcc 9 Dec 23 Jan 17 Asia Pacific F I8N Feb 9 Feb 15
        357 words
      • 570 19 Samsung, Goldstar and Daewoo plan to raise output abroad by about 30pc Reuter SEOUL South Korea's major consumer electronics manufacturers, eyeing opportunities to diversify export markets, said yesterday they aimed to expand overseas production this year. Samsung Electronics. Goldstar and Daewoo Electronics
        Reuter  -  570 words
      • 309 19 Knight-Ridder TOKYO The Ministry of Posts and Telecommunications may halve the amount of postal insurance funds invested in stocks in fiscal 1994 if it is not allowed to make such investment directly, ministry sources said yesterday, reported the Kyodo news service. Ihe move
        Knight-Ridder  -  309 words
      • 367 19 Reuter TOKYO Japanese steelmakers will post record losses for fiscal 1993/94. but the worst is yet to come as demand from the stalled car and electronics industries continues to fall, analysts said yesterday. Nomura Research Institute, an arm of Japan's biggest securities company,
        Reuter  -  367 words
      • 656 19 Reuter COLOMBO Established 125 years ago by two Scots as a trading house when Sri Lanka was a British colony, Aitken Spence Co Ltd has become one of the island's top blue chip conglomerates with a welldiversified business structure.
        Reuter  -  656 words
      • COMPANY BRIEFS
        • 88 19 Reuter TOKYO Matsushita Electric Industrial aims for parent current profit equal to 5 per cent of sales in the year ending March 1997. compared to an actual 2.1 per cent in the year ended March 1993. a company spokesman said. Matsushita expects a current profit
          Reuter  -  88 words
        • 78 19 Reuter HONGKONG Shares in building products and engineering company Arnhold Holdings Ltd jumped 72 per cent on their trading debut yesterday in heavy turnover. The shares ended at HKS2.IS (44 S cents), up 72 per cent from their listing price of HKSI.2S and
          Reuter  -  78 words
        • 57 19 AFP TOKYO Japan's Saison retail group said yesterday that wholly owned London subsidiary Inter-Continental Hotels will operate a hotel in Cambodia. The 370-room hotel will be completed in Phnom Penh by January next year by Cambodia's Thai Boon Roong group. Saison officials said. It will be
          AFP  -  57 words
        • 73 19 AFP TOKYO Hitachi Ltd will set up a 50-50 joint venture in Harbin in north-eastern China with Harbin Electric Machinery Works, a hydro-electric power equipment maker, a Hitachi spokesman said yesterday. It will be capitalised at USSI million (551.59 million) and will build
          AFP  -  73 words
      • 207 19 FT LONDON The world's stock markets experienced a remarkable year in 1993, a fact underscored by the latest performance data on equity mutual funds. According to Lipper Analytical of New Jersey, gold funds topped the performance charts in 1993 after being laggards for
        FT  -  207 words
      • 432 19 Reuter PHILADELPHIA QVC Network Inc upped the ante in the battle for Paramount Communieations last night by extending its tender offer for 50.1 per cent of Paramount to Jan 21. As of Friday night. 26.8 million shares of Paramount common had
        Reuter  -  432 words
    • FINANCE & COMMODITIES
      • 533 20 Knight-Ridder KUALA LUMPUR The Malaysian ringgit slid against the US dollar yesterday on aggressive selling by Hongkong investors, dealers said. At 0650 Greenwich Mean Time, the USS stood at M 52.6560. up from the opening level of 2.6300 and from 2.6250
        Knight-Ridder  -  533 words
      • 341 20  -  From Florence Chong in SYDNEY THE GIANT US finance group, AT&T Capital, has moved into Asia with the purchase of Australian Guarantee Corporation's (AGC) business in Hongkong. With the purchase. AT&T Capital, with assets worth more than US$6 billion (559.6 billion), is now positioned to
        341 words
      • 649 20 MBT KUALA LUMPUR The worst may be over for non-oil commodities, with the sector poised for recovery after a period of consolidation in 1993. Improvements in fundamentals in the palm oil, natural'rubber (NR) and tin markets indicate that this year may be the best
        MBT; Source: MBT  -  649 words
      • SMALL CHANGE
        • 84 20 Rcuter HOUSTON Crude oil prices, which have bounced off fiveyear lows in the past two weeks, may soon resume a downward trend, analysts say. Crude prices rose about US$l.5O (552.38) a barrel during the last two weeks, after bottoming out in December. on hopes
          Rcuter  -  84 words
        • 67 20 Reuter TOKYO Industrial Bank of Japan Ltd yesterday kept its January long-term prime rate unchanged at the current record low 3.5 per cent. The prime rate is customarily set 0.9 percentage point above the coupon rate for five-year bank debentures for sale to institutional investors.
          Reuter  -  67 words
        • 59 20 Bloomberg Business News TOKYO Deposits at Japan's 11 major commercial banks at the end of December increased 0.5 per cent from the year before and were up from the end of November, the Federation of Bankers' Associations said. Deposits as of the end of December
          Bloomberg Business News  -  59 words
        • 80 20 Reuter HONGKONG US investment bank Bear, Stearns Co Inc. a unit of the Bear, Stearns Cos Inc, has opened a representative office in Beijing. James Cayne, president of Bear, Stearns, said: "We are committed to the growth of the market economy and to the recognition
          Reuter  -  80 words
        • 60 20 Reuter TAIPEI Taiwan's central bank did not sell any of the NTS 10 billion (SS6OO million) of 91-day treasury bills offered at its auction yesterday because bids were too low. a central bank official said. She said it was believed to be the first time that
          Reuter  -  60 words
      • 370 20 Reuter TOKYO With the Japanese bond market hitting six-year highs every week since late November, analysts arc starting to wonder when the market will top out. Recent surges have been based mostly on technical factors and rising expectations of a cut in
        Reuter  -  370 words
      • 188 20 Bloomberg Business News LONDON BAT Industries pic said it is merging two asset management units. Allied Dunbar and Eagle Star, to create the I Oth largest fund manager in the UK. The merged company, called Threadneedle Asset Management Ltd. will control
        Bloomberg Business News  -  188 words
      • 141 20 THE US$/majors traded narrow ranges yesterday after sliding over the weekend on poor US economic numbers. Good business went through either way but both resistance and support refused to budge. The USS/MS resurfaced as the regional highlight as USS buying interest from offshore investors and
        141 words
      • 207 20 Bloomberg Business News LONDON The dollar ended 0.9 pfennig higher in Europe as Friday's US jobs report prompted traders to bet the contrast between the strength of the US economy and the German recession will buoy the US currency. Though news of the 183.000 rise in US payrolls in
        Bloomberg Business News  -  207 words
      • Article, Illustration
        1599 20 IraJeirithinl index calculated axatnsl Spore's lop 14 trading partners Base year 1985 US$/S$ forward rates Noon Jan 10 ss Bid Offer 1-month 1.5991 ***** 2-month ***** 1 6014 3-month ***** I 602J 6-month ***** 1 6040 Source: OCBC FOREIGN CURRENCY NOTE RATES As at 10m m Im 10: Singapore dollars
        1,599 words
      • 191 20 Bloomberg ENERGY REPORT LONDON Crude oil prices retreated as the boost markets received last week from colder weather and speculation about an emergency Opec meeting evaporated. Prices were further undermined by a plunge in US petrol prices, which some traders said
        191 words
      • 87 20 AFP NEW YORK The dollar was mixed against other currencies yesterday in active opening trading. Around 9:20 am (1420 GMT), the dollar was trading at 1.7285 German marks against 1.7290 several hours earlier in London and 1.7275 on Friday in New York. Against the yen. the dollar traded
        AFP  -  87 words
    • COMMODITIES & FUTURES
      • 1358 21 SIMEX REPORT Keuter SINGAPORE Simex Eurodollar interest rate futures ended weaker yesterday on a flurrv of pro!it-taking following its sharp rally on the IMM last Friday, dealers said. June Eurodollars ended at 96.31 against 96.32 on the IMM. off the day's lows but up 16 ticks
        Keuter  -  1,358 words
      • 601 21 COMMODITY REPORTS Tiii MALAYSIAN tin ended marginally lower yesterday following easier London priees and news of a 845-tonne rise in LME stocks to 20.895 tonnes. Traders said the metal finished at MS 12.18 a kg. down one sen. The fall also reflected keen
        601 words
      • KNIGHT-RIDDER COMMODITY SUMMARY
        • 118 21 HONGKONG A top Chinese official has called for increases in planted acreage of grain and cotton in order to guarantee "adequate" production in 1994. the official China Daily newspaper reported yesterday. The government should use "every possible means" to increase acreage for these
          118 words
        • 74 21 TOKYO Japan's orders for stainless steel sheet totalled 101.102 tonnes in November, down 10.3 per cent from a year before, according to figures released yesterday by the Stainless Steel Association. Of the total, nickel-based stainless steel accounted for 68.298 tonnes, while the chrome-based stainless
          74 words
        • 83 21 NEW DELHI India will host an international sugar conference in New Delhi Jan 23 to 28. sugar industry officials said yesterday. The World Association of Beet and Cane Growers is organising the week-long conference, which will he attended by farm and industry officials from
          83 words
        • 74 21 NEW' DELHI Traders expect India's vegetable oil prices to turn bullish if winter rain fails to come in northern and northwestern India. Winter rain usually falls briefly for a few days in early January, and is beneficial to rapeseed. known here as mustard. This
          74 words
    • 1705 21 Rubber RAS Commodity Exchange (futures closing as at 1pm) RSS 1 Contract (S ccnts/kg) Close Volume Open Month High Low Sett (tonnes) Interest Feb 94 OOO 000 129 25 0 2.650 Mar 132.25 ***** 131 50 600 6.325 Apr 133.75 133.25 133.25 1000 5.650 May 135 00 134
      1,705 words
    • REGIONAL STOCK MARKETS
      • 1223 22 12.6 THE Australian share market ended stronger yesterday after being led out o( the doldrums by strong futures trading, brokers said. Some brokers said bargain hunters emerged to pick up cheaper scrips which had been sold down on Friday and in early local activity. The All Ordinaries index ended
        1,223 words
      • 587 22 -70.17 Share prices fell across the board in an anticipated correction after Philippine Long Distance Telephone Co (PLDT) dropped in New York. The composite price index at the Manila Stock Exchange dipped 70.17 points, or 2.2 per cent, to close at 3,089.39, while the indicator at the rival Makati
        587 words
      • 564 22 -31.32 Taiwan stocks ended lower on late selling after a volatile session in heavy turnover. Brokers noted heavy profit-taking in electronics, Financials and funds with buying in sectors that lagged the recent bull run. The weighted index opened sharply up and hit an intra-day high of 6.560 before retreating
        564 words
      • 417 22 -16.97 Stocks ended sharply lower on sell-offs by the Korea Stock Market Stabilisation Fund (KSMSF) and investors fears of further liquidation by the fund. The composite stock index closed at 873.04. down 16.97 points from Saturday, after remaining in the negative territory throughout the day. Persistent fund intervention sent
        417 words
      • 258 22 +27.35 New Zealand stocks rose 1.2 per cent to a four-year high, as optimism about the local economy fueled local and offshore interest in leading blue chips, brokers said. The Top-40 capital stock index was up 27.35 points at 2.251.51. Rue Burke, a director at CS First Boston,
        258 words
      • 51 22 159.36 Stock prices fell slightly in late kerb despite market sentiment remaining strong, brokers said. During the official trading session, prices rose sharply and the Bombay Stock Exchange 30share index shot up by 159.36 points or 4.30 per cent to 3.821.56. The 100-share national index rose 72.85 points to
        51 words
    • WORLD STOCK MARKETS
      • 946 22 Britannia Funds Sterling C »sh Bid Offer Mini t jp Deposit JLMOO 'KftSW MIDI kw (»h 0 l*U 0 l«»: Mm Mm mm *i cnu> *i i-tuo I S$ ash Income Pirn Fund 10 "WW 11 <M») PS Re\er\e Fund .5 24<» 5 2500 Sterling EquiU Euro IVflorrfUrKe 0 4**12
        946 words
      • 618 22 -5.4 Share prices closed slightly down yesterday, but were above early afternoon lows hit after the market had given up strong opening gains. Traders said they expected further volatility over coming days, but said the market was solidly underpinned by strong liquidity flows as investors continue to avoid holding
        618 words
      • 130 22 +9.7 French shares closed a busy session on a new historic high, with the CAC-40 index up 0.42 per cent from Friday at 2,317.25, traders said. Continued buying of futures in blue chips helped lift the whole market, they added. The CAC-40 -index closed up 9.70 points, or 0.42
        130 words
      • 132 22 1.27pc After an extra 15 minutes trade to compensate for an earlier technical fault. Swedish shares closed higher continuing the higher trend so far this year. Dealers said the market is strongly supported by a stronger crown, hopes for key rate cuts and positive budget signals, but there is
        132 words
      • 106 22 -1.98 Belgian shares closed fractionally lower on some profit-taking after the market's recent rise. Continued strength in cyclical stocks was seen putting a cushion under the market. The Bel-20 index of leading shares closed 1.98 points, or 0.13 per cent, lower at 1,496.24. Retailer Delhaize, the day's main loser,
        106 words
      • 160 22 -0.35 pc Stocks recovered sharply from lows but brokers said the market lacked any firm direction and the buying was essentially technical after the sharp falls of recent days. The Mibtel index ended down 0.35 per cent at 9.501. compared with early losses of some 2 per cent. Political
        160 words
      • 273 22 +0.4 Dutch shares ended marginally firmer after seesawing in volatile trade throughout the day. A quiet start gave way to more active business later, though volume remained below the levels seen in last week's rally and dealers said the market remains vulnerable to profittaking. The AEX index closed 0.40
        273 words
      • 291 22 -12.62 Swiss shares ended lower as profit-taking accelerated in afternoon trading. Dealers said some selling was not unexpected after the bourse had reached a record close in five consecutive days last The all-share SPI index eased 12.62 points to 1,913.52. A rally in US bonds, a firmer Wall Street
        291 words
      • 235 22 -7.76 Stocks were mixed in early trading yesterday as the market entered a consolidation phase following last week's record performance, traders said. Profit-taking in the gold and silver sector offset early gains in communications and forestry stocks. The TSE 300 composite index fell 7.76 points to 4.412.90 in turnover
        235 words
      • 815 22 14.91 The Dow Jones industrial average, which climbed 16.89 points to a new all-time high 3,820.77 last Friday, was ahead 14.91 points to 3.835.68 at 11 am EST yesterday. The New York Stock Exchange composite index was ahead 0.32 to 260.66. while the S&P 500-stock index was up
        815 words
      • 297 22 -8 Some buying at the new lower levels helped arrest the slide in gold shares and to lift them slightly off the day's lows yesterday as the gold price held, while industrials remained steady on good foreign demand. The gold index ended 79 points down at 2,210. the industrial
        297 words
    • Article, Illustration
      3255 23 HONGKONG Shares staged a strong teehnical rebound to finish sharply higher following last week's profit-taking indueed plunge, brokers said. The blue-chip Hang Seng Index surged 365.46 points, or 3.32 per cent, to close at 11.366.94, oIT the day's high of 11.421.80. Turnover eased to HK.SIO.BI billion from Friday's record
      Source: Bridge Info  -  3,255 words
    • Article, Illustration
      535 23 THE Shanghai B market ended weaker yesterday with the CLSA B index losing 9.79 points at 1,119.86. Lian Hua was the best performer finishing up 10.7 per cent at 62 US cents. In contrast. Wing Sung dropped 9.4 per cent on light turnover. Diesel Engine was the most active
      535 words
    • Article, Illustration
      2477 23 Reuter TOKYO Stocks ended a spirited day's trading significantly firmer on sustained buying from foreigners and dealers amid brokers' advice to reweight Japan. Brokers said investors were regaining confidence on mounting belief political reforms will clear parliament on Jan 19. The Nikkei Stock Average of 225 selected issues in
      Reuter; Source: Bridge Info  -  2,477 words
    • Article, Illustration
      1843 23 Reuter BANGKOK. Finance shares fell further in the afternoon on follow-through sales while banking and building issues lost some of the ground gained in the morning, brokers said. The SET index fell 30.15 points, or 1.91 per cent, to close at 1.545.28 on turnover of 19.98 billion baht. It
      Reuter; Source: Bridge Info  -  1,843 words
    • 2855 24 MOST ACTIVE volume AMDB 50c 26.463.000 r\<BMk 22.IM4M Kamunling MK 2I.437.0MU F jher (iroup 11.721(01 Tan hong HK. I6.346.UU0 Mulphj Inll SOt. I V64MRI0 I itn Hi*.- TSRT I3.457.uuu Renting Bhd MK. I0.603.0ll0 Promcl IMTlJM KL InJuslrio OCJB Naleras Res MI2JM Ber)a\a(iroup ».67^.0011 I'fgl Msia 8.007.000 MOST ACTIVE
      2,855 words
    • KUALA LUMPUR STOCK EXCHANGE
      • 5902 24 Bernama KUALA LUMPUR Share priccs recovered from last week's sharp fall to close higher in active trading yesterday as investors went on a bargain-hunting spree. The weighted Composite Index touched 1.221.90 in early trading. 2.6 per cent above last Friday's close, before slipping
        Bernama; Source: Bridge Info  -  5,902 words
    • STOCK EXCHANGE OF SINGAPORE
      • 6946 25 1 WWW BOARD Transaction d«t.: Jan 10 Gr Gr imi/u Latl Vol Day Last Qaott Dl» Dl» \W N* High Loo Com pa ay Sata ("000) Hi|h Lo» Bayer Seller Or P/E fc»« INDUSTRIAL AND COMMERCIAL n tia 1400 260 t Acma 1290 20 565 1310 1260 1290 1300 125
        6,946 words
      • 1767 26  -  By R Sivanithy SINGAPORE Share prices rebounded strongly yesterday as bargain hunters reversed almost all of last week's losses. The Straits Times Industrials Index after a 59-point plunge last week regained almost 60 points by mid-morn-ing yesterday before mild profit-taking dragged it down
        Source: Bridge Info  -  1,767 words
      • 152 26  -  HOT STOCK By Paul Leo HUME INDUSTRIES has been ranging between $6.60 and 54.50 since March last year. Buy at vesierday's elose of 55.10 for a possible break above $6.60. Yesterday's 65-cent drop to 55.10 pushed the stoek deep into the oversold region. Daily Relative Strength Index is
        152 words
  • Page 17 Advertisements
    • 355 17 \)%!'.({\@)),_(!&{_/+,*:]<~,~!! DM THE MATTE* OF THE COMPANIES ACT, CAP. 30 SSANGYONG DIGITAL CD (SINGAPORE) PTE LTD (Mtmben' Vohumry Al ta Extraorduary Geacral Medial of tkc meabert of Saaagyoag Digital m (Singapore) Pic Ltd kdd al 17 Pioaecr Cresceat Siagapore 2262 oa KM Jaraary 1994 al lOJOaja., Ike followiag special retolttioai
      355 words
    • 90 17 WILLIAM TRAVEL PTE LTD (In Members' Voluntary Winding-lip) NOTICE IS HEREBY GIVEN that the Final Meeting of the members of the abovenamed company will be held at 559-C, Balestier Road, Singapore 1232, on 15 February 1994 at 10.30 a.m. for the purposes set out in Sections 308 and 320(3) of
      90 words

  • Page 18 Advertisements
    • 50 18 Hungry for success Executive set lunch at only $32**, French cuisine exclusively created by award-winning chef Christophe. Miss this and you miss the taste of success. For reservations, please call 739 3091. I V. J Singapore j A Fou« Seasons Regent Hotelß 1 Cuscaden Road. Singapore 1024. Tel: 733 8888.
      50 words
    • 32 18 k pi m m m mmmm mm m Tnm down those overstuffed areas in your home. r'V LOSE WEIGHT FAST! ,orsa,e in The ****1 CaU 737-1166 to place your classified ad. jg^A
      32 words

  • Page 19 Advertisements
    • 62 19 FOR LEASE the Sovereign Resort Living with A Difference T Brand new prestigious development T Conveniently located close to Clubs, East Coast Park, CBD, Shopping Centres, Changi International Airport and many others X Quality finishes practical layout T Excellent facilities and 'tip-top' security with card key access through private lift
      62 words
    • 81 19 Samsung embarks on corporate reform. Page 14 This announcement appears as a matter of record only Mitsui Toatsu Chemicals (Asia) Ltd US$lOO,OOO,OOO Asian Medium Term Note Programme Arranger Nomura Singapore Limited Dealers Daiwa Singapore Limited Goldman Sachs (Singapore) Pte IBJ Merchant Bank (Singapore) LTCB Merchant Bank (Singapore) Limited Limited Morgan
      81 words
    • 64 19 This announcement appears as a matter of record only New Mitsui Toatsu Chemicals (Asia) Ltd ¥1,000,000,000 Reverse Floating Rate Notes due 1997 (Series A) ¥240,000,000 Reverse Floating Rate Notes due 1997 (Series B) ¥1,800,000,000 Floating Rate Notes due 1997 (Series C) (Issued under the US$ 00, OCX), 000 Asian Medium
      64 words


  • Page 21 Advertisements
    • 21 21 it was plain sailing selling my cabin cruiser;" Tom os oJJ n,en a **llaht <?^d Call today for results tomorrow. 737-1166
      21 words
    • 31 21 As and when the latest London/ Rotterdam prices are not available, the pretious trading day's closing figures are carried instead Si Wr°ff ers Hp the t* oS ■p current topp2ftu« itieJ
      31 words




  • Page 25 Advertisements
    • 31 25 UIUL jkuAa lOC VflnK Wp It# HMI CwrvS ROMVT9Q at M«r 114 mMm mMMslhmi4^ OTOSTviMW pvTI IHv wmi Atej ti aiL i yf&* «t 300,000t(a| .:|vJ n ,w ff!JZZ2S mm l§Li|l|
      31 words
    • 25 25 For information on where to buy your copy of: Her World, Go, Singapore Business, Home Decor, Young Parents call our Customer Services Section on 1800-749-2577.
      25 words

  • Page 26 Advertisements
    • 264 26 "`_`=[-:|[$&@!}*>[)_&;%@`.=-"(] IN THE MATTER OF THE COMPANIES ACT, CHAPTER SO AND IN THE MATTER OF SEAFIX SHIPPING PTE LTD (Provisional Liquidator* Appointed) NOTICE OF MEETING OF CREDITORS NOTICE IS HEREBY GIVEN pursuant to Section 296 of the Companies Act. Chapter SO that a meeting of the creditors of the abovenamed
      264 words
    • 334 26 IN THE MATTER OF THE COMPANIES ACT. CAP. SO SECTION 2*1(1) AND IN THE MATTER OF SEAFIX SHIPPING PTE LTD (PROVISIONAL LIQUIDATORS APPOINTED) Statutory Declaration by diradon of Company's inability to continue business by raaaon ot ita iiabHWss Nam* of Company Seafix Shipping Pta Ltd Company No *****1526K The Registrar
      334 words
    • 282 26 BROKERS' STOCK PICKS in Personal Finanpe and Investment on Saturdays I A BUSINESS TIMES JOHNNIE WALKER CLASSIC PROMOTION GUESS THE GOLFBt WITNESS THE JOHNNIE WALKER CLASSIC 'LIVE'! That's right! You could be one of the lucky four to win an all-expenses-paid-trip to witness the 1994 Johnnie Walker i a business
      282 words

  • Shipping Times
    • 357 27  -  By Dexter Lee SINGAPORE The shipping industry will be plagued by more losses at sea if nothing is done to improve safety aboard ships, says a visiting economics professor. Prof Richard Goss, of the University of Wales, told Business Times yesterday that a
      357 words
    • 213 27 AFP ATHENS The Piraeus prosecutor's office has initiated legal proceedings against a Greek shipping company suspected of illegally acquiring the world's largest tug boat from Russia, a judicial official said last Saturday. The proceedings, involving charges of theft and forgery, were initiated
      AFP  -  213 words
    • 269 27 Bernama KUALA LUMPUR Five tide gauge stations will be built off Sabah and Sarawak because of expanding oil exploration and other marine-related activities and extensive use of sea transport in the two states, di-rector-general of mapping and survey Abdul Majid Mohamed said
      Bernama  -  269 words
    • 250 27 SINGAPORE Leading cathodic protection specialist Corrintec Ltd has formed a joint venture company in Singapore to provide a range of marine cathodic protection services in the Asean region. Cathodic protection systems control corrosion on objects which arc immersed in water or buried
      250 words
    • 627 27 Lloyd's List LONDON With the majority of fuel-purchasing departments now actively hedging their bunker fuel price risk with ever-more complex structures, the financial managers of shipping companies are exploring the wider possibilities offered by energy-linked derivative products. Apart from traditional hedging activity where
      Lloyd's List  -  627 words
    • SHIPS IN PORT
      • 579 28 Vessel Voy No Berth Arrival Departure Vessel Voy No Berth Arrival Departure iurong Port Trans Star 106A P02 alongside 1101/7300 Batam Indah N93 ill alongside 1101/2100 Bangkok Na.e ??W8 POM 1001/1100 1201/7300 Batam Mu'n, 01/03/94 11 atoniule 1101/2315 Batam Speed3 A4594* P01A 1101/2100 1101/2200 Batam Sa»ang 01/03
        579 words
      • 1541 28 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record 8ookinj/Balance Rslts Ship Voy No Etb/Btr Period From To From Aci Swan 100A 12/1500 1 10/1500 10/1659 10/1900 3 11/0700 11/1159 11/1400 11/1200 11/1459 11/1700 Mtoya* N103W 12/1500 2 10/1700 11/0659
        1,541 words
    • 11846 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. LECENO PN: ship calls at Penang after
      11,846 words
    • 3373 41 A X a.B( C ontainerline N\: Bclsin Shpg Agencies Fie Ltd (SVMarinc Handling Sdn Bhd (PK/PN). \ccurd (.roup: Accord Shpg Ptc Ltd (SV Accord Contr Line (Pk/PN). Adkris Biniwis Corporation Philippine: Calsource Shpg Trdg Pte Lid (S) \hreakiel lintt Service: Kim Shpg Trdg(S). Vlbatros Sea-Air Service: Frata Shpg
      3,373 words
    • 278 41 Abacus Couriers Tel: 545-8011. Fax: 545-1898. Air b\pms l ra»tl Tel: 533-5771. Fax: 535-6144. Airborne Freight Corporation Tel: 542-8844. Fax: 542-3716. *****80 Airswift Worldwide Courier Tel: 278-0188. Fax: 273-8283. AJS Supplies Tel: 748-6322 (2 lines). 747-7421. Fax: 742-8975. City-link International Tel: 344-3377. Fax: 345-6450. Cluster link Supplies A
      278 words
    • 1506 41 A hex Express Freight Tel: 542-7171. Fax: *****84. Actinic Forwarder Tel: 225-1833. Fax: *****42. Activair Singapore Tel: 542-7821 Fax: *****20. Aerotink Freight International Tel: 545-8031 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.
      1,506 words
    • 2377 42 ALBANIA Duress: Four vessels in port discharging of which I tobacco, 2 bijjk wheat, 1 bagged cement, 1 bulk wheat vessel in roads awaiting berth. ARGENTINA Santa Fe: No vessels berthed, no viSsels due; max draft 21 ft 11 irtH! Diamante: No vessels berthed, none in roads, no
      2,377 words
    • 765 42 SHIP SALES TANKER RATES AFP 1 DESPITE the expected slowing djpwn of activity during the festive season, there are a number of sales to report. Also inspections are proceeding for a variety of units. j On the dry side, the most interesting sales are a couple of pfinamax bulkers, the
      AFP  -  765 words
    • 558 42 ARRIVALS DEPARTURES Op Flight Typ« ETA T From Op Flight Type ETD T To TODAY TODAY NCA KZ203 B747F 0145 I NRT SI A SQ802 B747F 0230 2 SYD/AKL KAL KE697 B747F 0150 1 SEL NCA KZ204 B747F 0335 1 BKK/NRT JAL JL6I7 B747F 0345 I TYO
      558 words
    • 593 42 CRUISE FERRY SCHEDULES CRUISE SHIPS Ait Dep Name of Vessel ETA ETD Ports of Calk Port Agent Telephone No JANUARY II II Pacific Princess 0600 1500 Bali Sin Laem Straits Shpg Pte Ltd 225-0788 Chabang 13 13 Pearl 0800 1900 Jakarta Sin Inchcape Shpg Services 222-4411 Bangkok 13 15 Royal
      593 words
    • 452 43 COURSES Title: Portnet for Hauliers Duration: Jan 15 Jun 30 Organiser Port of Singapore Authority Tel: For further details/registration contact SPI at 321-1707/321-1824/321-1825 or fax: 321-1416. Title: Portnet for Shipping Agents Duration: Jan 17 Jun 30 Organiser Port of Singapore Authority Tel: For further details/registration contact SPI at
      452 words
    • 340 43 THE Baltic Freight Index for spot dry cargo shipping rates remained unchanged at 1,213 on Friday. FIXTURES Tanker Rates for tanker trips in most areas were on the whole little moved from Thursday's levels, although a lack of demand for aframaxes from the East Coast of Mexico to
      340 words
    • 848 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 and
      848 words
    • 1235 44  -  There is little in the European Commission's proposed rules for shipping consortia that doesn't worry carriers, Elizabeth Canna reports Elizabeth Canna American Shipper THE European Commission sees it as a major antitrust problem solver. Shipping companies see it as an unnecessary problem maker. The EC's
      American Shipper  -  1,235 words
    • AIR AND LAND TRANSPORT NEWS
      • 384 46 BANGKOK Bangkok Airways is likely to be the largest private shareholder in Thai Airways International's (THAI) planned subsidiary. According to a report in The Nation last week, a subcommittee has claimed it was assigned to take full authority over the project.
        384 words
      • 49 46 AFP POITIERS, France A fast-speed train (TGV) is stranded in flooded Poitiers railway station, western France, last Friday as people look on. Rail traffic on the Paris to Bordeaux route was set to resume last Friday after a break due to flooding of the station. AFP
        AFP  -  49 words
      • 246 46 BANGKOK The Somboon Group of companies, a leading Thai automotive parts manufacturer. is expecting a 14 per cent increase in motor vehicle sales this year to 520.058 units. The group projected growth in passenger car sales at less than 15 per cent
        246 words
      • LOG BOOK
        • 90 46 Reuter SHANGHAI The worst fog in many years closed Shanghai's port and international airport yesterday after causing havoc with transport timetables on Sunday. With visibility cut to just a few metres, no flights were landing or taking off from the Hongqiao International Airport, an airport
          Reuter  -  90 words
        • 43 46 Reuter LAS VEGAS The Imperial Palace here has one of the world's largest collections of classic American cars. And it has just added Marilyn Monroe's 1955 Lincoln Capri convertible to its list. With the car is Marilyn impersonator Best Bettina. Reuter
          Reuter  -  43 words
        • 59 46 Reuter PRAGUE The Czech national carrier Ceskoslovenske Aerolinie (CSA) will withdraw from its investment contract with Air France. Transport Minister Jan Strasky told Czech television on Saturday. The move came as a result of an extraordinary CSA shareholders meeting held last Thursday on restructuring
          Reuter  -  59 words
        • 54 46 Bloomberg Business News TOKYO Japan's sales of imported vehicles rose 9.1 per cent in 1993 to 201,481 units, compared to 184,615 units in 1992, the Japan Automobile Importers Association said. The rise marked the first year-to-year increase in three years, the association said
          Bloomberg Business News  -  54 words
      • 170 46 UPI HONGKONG Britain was charged yesterday with provoking a confrontation with China by refusing to discuss a proposed management bill for the colony's new multi-billion dollar airport. Signs of a new airport battle came amid reports the airport may not open until after the
        UPI  -  170 words
      • 829 46 Page Col ABC Containerline 12 I Accord Group 8 1-3 Ahrenkid Liner 4 1/2 •APL 5 3-5 Appenship 18 1/2 •ANL 3 1/2 •ASCL 5 5 Avant Shpg 6 4/5 •Bait Orient Line 7 4/5 Bank Line. The 9 5 Barbican Line 4
        829 words
      • 472 46 UPI WARSAW Eastern European airlines, once the darlings of their countries' centrally run economies, have begun facing the brutal and unfamiliar world of competition against hungry Western competitors. The latest victim is Poland's Lot Airlines, now mired in a turf battle with British
        UPI  -  472 words
      • 1683 46 City FttHit ETA FEgM ETO_ Abu Dhabi GA893 1655 GA974 2325 GA984 2340 Adelaide QF81 1930 QF82 2050 SQ228 2105 Amsterdam KL844 0535 KL837 1540 KL838 2300 GA893 1655 GA974 2325 SQ26 2355 Athens SQ348 2250 Auckland NZ35 1425 SQ288 2045 SQ286 2035 MZ36 2235 Bahrain
        1,683 words
  • Page 27 Advertisements
    • 432 27 If you want fit thereJ yesterday, Fly it with -r— us today, a a i MemberASM 1 GRIFFIN KINETIC *****33 SHIP WITH US AND GO AWAY Keep shipping your export c*mavmcotc*? Milton International Singapore LCL cargo BCS and you up FREQUENT SHIPPERS CLUB holidays at our expense. To qualify, all
      432 words
    • 18 27 EC rewrites rule book, Page 18 Bangkok Airways eyes stake in THAI unit. Index to advertisers. Back Page
      18 words
    • 186 27 JZ+7M+Rr M R FORWARDING PTE LTD WEEKLY CONSOL TO EUROPE CALL:*****00 Looking for a Freight Forwarder? Play it safeS For you as a shipper, professional planning and execution of transport is essential. To avoid disappointments, it is safer to select a member of the Singapore Freight Forwarders Association. SFFA member
      186 words

  • Page 28 Advertisements
    • 426 28 TSKUNE AGENCIES (S) PTE. LTD. r I 1/ TT fmTri Tel: 226-3363 J. **J JX« ULC\Hr Fax: 226-1972/3 OtATV Ttx: rs *****/TSKSIN. TOKYO SENPAKU KAISHA, LTD. CR No: U*****0000N w wt.gr) m\mm m m mm mm 1 ACX LOTUS 0478 -10.01 -12.01 11.01 14.01 1101 2101 25.01 25.01 gg 27.01
      426 words
    • 1561 28 ■BSSnHHHH BWCT re u»* WIIT COA»T ncwaa em imw igi To»*«T«B)>yui»mff>»i.rf»n——wem I fan IWT >Tg| la M Iml iobtqM cmc ar mmlkwiETjt!* Mmi nuns* sTuwr timw oar n vmr n- iinmt* ibb lain AC* LUC I 0268 111 nil 31 1 22 32 I 12 12|22 22 42 1 I
      1,561 words

  • Page 29 Advertisements
    • 2233 29 rr —p y tf OOCL (3) PTE LTD JAR DINE SHIPPING AGENCIES A v"?!' y^n-> TEL: *****13 FAX: *****42 pILI DOCUMENTATION TEL: *****55 (INWARD)/*****90 (OUTWARD) P^NA T |L- *****4 FAX .*****1 CFS TEL *****6 H BOOKINGS TEL: *****80 *****81/ *****82 JfOH TEL: *****3/4 FAX: M 2706 WCI CFS (PSA Fst
      2,233 words
    • 1897 29 ■BliWHiHitilM FRANCE/ITALY/PORTUGAL/SPAIN/MOROCCO NEXT AVAILABLE SAILING LINDOE MAERSK V.9402 ETA SIN 13TH JAN 94 Vessel Voy ETA ETO Feeder by S L U nT°" DESTINATIONS This wee* MARGRETHE maersk V 9402 kl.B JIIIM W—WITniWWBKBW cv 18/01 oaoo mbs CfS 17/01 2359 MRS JOM LPK PEN OAK LGB SFO M£M ATL MIA
      1,897 words

  • Page 30 Advertisements
    • 1613 30 AQABA R'DAM/ [i ALSO ACCEPTING FROM VESSEL VOY NO SPORE JEDDAH (VIA JED) S'TON H BURG A WERP HAVRE WEST MALAYSIA KIRISHIMA 02/101 12/1 29/1 1/2 30/1 Port Kelang. Penang LUOWIGSHAFEN EXPRESS 11/301 15/1 24/1 30/1 2/2 5/2 7/2 9/2 Pasir Gudang FRANKFURT EXPRESS 71/102 19/1 5/2 8/2 6/2 EAST
      1,613 words
    • 579 30 rm—■ FCL Break bulk Service to: rn AFGHANISTAN MAM Afghanistan Ltd., Sole Foreign Forwarder in Kabul tor all services I C.I.S.- Vootochny, Vladivostok, Moscow, Tashkent, Kiev, Minsk, Riga, Baku, Irkutsk, Alma Ata North Korea Vietnam t Mongolia t Hungary CSFR Poland FULL CONTAINER SERVICE TO NORTH/WEST AFRICA FEEDER VESSEL ETA
      579 words
    • 1069 30 I NORASIA NORASIA PRMCESS 9401-3 13/01 02/02 05/02 06/02 06/02 07/02 08/02 09/02 10/02 11/02 r NORASIA SUN 9402-3 20/01 09/02 12/02 13/02 13/02 14/02 15/02 16/02 17/02 18/02 r NORASIA PEARL 9403-3 27/01 16/02 19/02 20/02 20/02 21/02 22/02 23/02 24/02 25/02 ARABIAN SEA 404W 02/02 23/02 26/02 27/02
      1,069 words

  • Page 31 Advertisements
    • 1845 31 JK'lb STRAITS SHIPPING PTE LTD 10 Ho« Chiang Road #11*01 Keppel Towers JH^ 0208 Tol: *****88 Fax: *****17 ■II.IIJIiIAI.fcIJ.IJiMJJAMMWa.I.JIIJIJM Afcffv mw QIUNKA PACIFIC UH« Mb (a service of chma navigation coj ACCEPTS \MjVV CARGO 0« SAILS MEKUH VOIE KK. Skin. Taw In Pt U lan FCL LCL CONTAINER AND MfAKKiIK
      1,845 words
    • 2609 31 m SINGAPORE AGENT: I PAO Containers (Singapore Agencies) Pte Ltd JL w J[HV'£ 10 Hoe Chiang Road #07-01 Keppel Towers. Singapore 0208 Tel: 225 2233 Tetex: RS ***** PNOCSP Fax: 225 5327/222 7517 CR Number: **********0Z VIIUL VOY -mo *P*o MM ALO SOU AMT HOT HAM BMC OOT LSM VCBBCL
      2,609 words

  • Page 32 Advertisements
    • 550 32 m m GENERAL AGENT C R NO *****81-***** jSgL EKA JAYA AGENCIES Vlr TEL: *****22 (8 LINES) FAX: *****05 SALES REPRESENTATIVES IN CHARGE MYANMA* TWAPt >AQgW I WANPWONt/DWEcf wi una 7ama— MB CHI MIHH CITY HKMHT MO€ 21H24 727M«/«HTW ««L vi CHAN uses—Hgaaaa ►TO MYANMAR/YANQON SEMI CONTAINER SERVICE M OCEANLINES
      550 words
    • 1517 32 HANJIN SHIPPING BOOKING TEL:- *****35-237 OPERATION TEL: *****41-253 SALES TEL:- *****21-233 DOCUMENT TEL: *****71-275 cm Wl «M LME HAUL SI TW POX FOt VSI SM IIME HAUL SA* ID NTC HANJMLE HAVRE 0241 14/1 OKCT 3/2 4/2 5/2 NMg UJ«W Wl KMC Ml Wl Wl 21/2 HiNiM unMsmNTi (uv 21/1
      1,517 words
    • 1484 32 j d i ri"n"3"=mk Inu scp asc mg klg ras m 09 ki w no tu os u nvc uw m ni w fa aa nu I c am«o44 19/1 n/i »/i »/i »/i 31/1 1/2 m 4/2 tn 5/2 12/2 2/1 «/i s/3 ivj u/j 1;/) 11/3 19/3 21/1
      1,484 words

  • Page 33 Advertisements
    • 2430 33 sex: 'OOCL FRONTIER/*R2I7E' eta sgp 12/01/94 II II ygf II ARRIVING LOS ANGELES 29/01/94 IN 16 DAYS HI II SS II aex: 'CALIFORNIA ZEUS S3E' ETA SGP 12/01/94 l| II II ARRIVING NEW YORK 05/02/94 IN 23 DAYS *112 Connecting Catttornta Saturn 62E In HKG */QV*4 HI ut KM mmmnr
      2,430 words
    • 1139 33 A MULTILINE SHIPPING PTE LTD wW (a member of SMSOV Group) CR NO: **********0 C ENQUIRIES: *****33 BOOKINGS: *****64, *****51, *****31, *****13 BALTIC: INWARD *****97 OUTWARD *****10 T/S *****10 jfc. A BLASCO: INWARD *****65 OUTWARD *****28 T/S *****46 FESCO: BOOKINGS *****06 DOC *****07 MARINE INSURANCE: *****87 INVENTORY: *****59 AGENTS: KL:
      1,139 words

  • Page 34 Advertisements
    • 1557 34 44 V ff AS AGENTS "K" UNI (SIN6APOm) PTI LTD (CM No: **********0 M) TEL: *****77 TELEX: KAWAKI R*****5 FAX *****16/7/8/9 I W V MALAYSIA "I" LINE MARmMf (MALAYSIA) SON BHD M Jl TEL: SA *****00 PK *****75 PEN *****0 JB *****1 PGU *****5/6 INDONESIA: P.T. SARANA LAIITINTWNUSA. TEL: JKT
      1,557 words
    • 1036 34 PHILI OHKNT LINGS PT€ LTD V 108 Robinson Road #07-00 GMG Building Singapore 0106 1 Tel: *****22/*****69/*****00 Telex: RS ***** Fax: *****76/*****38 A MEMBER 0F THE SINGAPORE FREIGHT FORWARDERS ASSOCIATION AUSTRAUA/NEW ZEALAND/SOUTH PACIFIC FCL/LCL SERVICE 14 JAN SYDNEY, MELBOURNE, BRISBANE. FREMANTLE 14 JAN AUCKLAND. WELLINGTON. LYTTLETON, NEW PLYMOUTH, NAPIER, CHRISTCHURCH
      1,036 words

  • Page 35 Advertisements
    • 953 35 (SSSaglff PACIFIC INTERNATIONAL LINES (PTE) LTD I SgBjSS 140 Cecil Street, #03-00 PIL Building, Singapore 0106. CR NO **********0E I VESSEL VOY SIN CMB JIB JEO AQJ AOE HOD PZU ASA KOTA INOAH IDHOO3 28/1 3/2 10/2 17/2 16/2 12/2 20/2 23/2 KOTA WIRAWAN WRNO37 31/1 5/2 11/2 14/2 16/2
      953 words
    • 1064 35 I VESSELS VOT SJN HAMBURG ROTTERDAM ANTWERP THAMES U HARVE VILE DE LYRA 7731W 13/01 05/0? 07/02 00/02 09/02 10/0? WUE 0E VEST* 7431W 11/01 11/02 13/02 14/0? 15/02 16/02 W.LE OE TITANA 9331W 27/01 H/02 21/02 22/02 23/02 24/02 AO AM ABRAHAM 7132W 2«/0? 21/0? 29/02 02/03 03/03 •ALSO
      1,064 words
    • 408 35 BSfl ik mm MYANMA pHHk FIVE STAR LINE (Myanmar National Line) Loading for Yangon (Rangoon) Spore P.KI( Pen P.Gd| HPA-AN VI99W 20/23 tan 15/17 lan AVA VI27W 17/20 Jan PAGAN V2OSW 26/21 lan MALAYSIA AGENTS BOUSTEAO SHPPNG AGfNCfS KUI TU 03 *****00 PKL Itl 03-3(1(7(7 PEN: TU 04 (1(135 PCD:
      408 words



  • Page 38 Advertisements
    • 2856 38 OOCCs^r^ I I 11 SINGAPOBE S GENERAL AGENTS MALAYSIA'S MINTS COSTAR SHIPPING PTE LTD Cfc«v Outo SMppiof Sin Bhi rrr-i a TXTFTI 2 Mistri Koai, NMC Blig *15 00 Hj« Line: Port Kelmg 368 8106 f I! A |-i l< Singapore 0207 L m P m 03-241 4616 1 Ali>
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  • Page 39 Advertisements
    • 584 39 FAMOUS CONTAINER LINES 10 ANSON RD. #15-21 INTERNATIONAL PLAZA, S'PORE 0207 HOT LINE: *****33 (24 LINES) GOTHENBURG/SCAN 17/1 ROTTERDAM 17/1 AARHUS/COPENHAGEN 17/1 HAMBURG/BREMEN 17/1 MARSEILLE/FRANCE 1871 FELIXSTOWE/UK 17/1 BARCELONA/SPAIN 17/1 LEHAVRE/FRANCE 17/1 GENOA/ITALY 14/1 ANTWERP/BELGIUM 17/1 LOS ANGELES/WC/PI 12/1 SYDNEY/MELBOURNE 14/1 NEW YORK/EC 12/1 FREMANTLE/AOELAIDE 16/1 VANCOUVER 1271 BRISBANE 15/1
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    • 233 39 Guaranteed Sailings to: BANGKOK *LAEM CHABANG JAKARTA PORT KELANG •HO CHI MINH MANILA CEBU •SURABAYA PENANG HONGKONG We also serve other ports-. USA, EUROPE, CHINA AND ALL DESTINATIONS iSTKSnims«3ns!ains^TnTD W TEL: *****33 (12 Lineo) K FAX: *****15/*****03 [frij TELEX: RS ***** RISHIP (3 Lineo) ]W\ ETHIOPIAN SHIPPING LINES (National Lines
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  • Page 40 Advertisements
    • 1680 40 IUdKMN CONTAINER LINtS MAC-NILS SPORE: *****22 (M LINES) Civ/ V 'cmmrnmmnmm SBU (084) *****9 KUCMMQJM2) *****3 PENANQ: (04) *****6 BANGKOK (132) *****67 MANIA (632) *****31 P-KELANQ: (03) *****77 JAKARTA: (21) *****07 SURABAYA: (81) *****0 HKG/TWN/BKK GENOfI/EUROPE PEN PU SW 5 SAILINGS/WEEK PEN PK SIN 14/1 15/1 16/1 Hon( Kong Genoa/Barcetona
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    • 186 40 SEAWARD SHIPPING AND TRADING CO (S) PTE LTD cu n« en SKW mi ULMK rtMME BLUE UK 14/1/9* hi n Loading to» Ma* (SOU) BIUVM HUDHU 30/1/94 Ondurgmf and loading to« Bombay DOLfHN Sarin! Loading For Mate rrnu OVKK 11/1/94 Loading For Mait UMCIOM Sated loading For Mate nOOKSS IBUTT
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  • Page 43 Advertisements
    • 22 43 EYE ON THE TIGERS Nobody covers East Asia like we do. The Region. Everyday. \anANnt P B 1 BusmcssTimes WE KNOW ASIA
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  • Page 43 Miscellaneous
    • 707 43 TODAY'S TIDES (height in metres) HOW 0000 0100 0200 0300 0400 0500 0600 0700 0800 0900 1000 1100 1200 1300 1400 1500 1600 1700 1100 1900 2000 2100 2200 23M 2.5 2.3 1.9 1.5 1.3 1.2 1.4 1.7 22 2.1 3.1 3.1 2.9 2.4 1.9 1.3 O.S 0.5 0.4 0.4
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  • Page 44 Advertisements
    • 385 44 JL VIGOUR PACIFIC LINES VESSEL VOYAGE SINGAPORE MANILA VIGOUR PACFIC 9403N 14/01/94 22/01/94 VWOUR PACffIC 9403 AN 17/01/94 ??/Ql/9* JSS%2EL VIGOUR SINGAPORE 9404N 21/01/94 29/01/94 IMT MW T »kspu» KLANQ/PgWAWQ PUU. COlfnUtllfffiEHVlCE VESSEL VOYAGE SINGAPORE PORT KLANG PBjMjg SINGAPORE VIGOUR PACfIC 9403N 14/01/94 16/01/94 17/01/94 PENANG JAYA 17/01/94 18/01/94 20/01/94
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    • 497 44 @APPENSHIP /2\ HAMBURG \TVJ CONVENTIONAL INDEPENDENT LINER SERVICE EUROPE TO SOUTH EAST ASIA AND FAR EAST VESSELS LOADING PORTS DISCHARGE LOADING FOR LOftELEY PORT SAID 29.12.93 SPORE 22/1 BKK 23/1 FORUM WIND PORT SAID 1.1 94 SPORE 19/1 BKK 24/1 RIMBA MERANTI SPORE 20/1 KOALA CONTAINER LINE SPORE FLX HAM
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    • 297 44 cosco UKC CONVENTIONAL SERVICE VESSEL PKL PNG P.O. LOADING FOR: A VESSEL 28/01 Rotterdam/Antwerp CHINA CONVENTIONAL SERVICE VESSEL PKL PNG P.G. LOADING FOR: A VESSEL 15/12 20/12 Huangpu/Guangzhou COSCO FULL CONTAINER SERVICES (FCL/FCL) EXPORT TO: CHINA/BANGKOK/HONGKONG EUROPE/CONTINENTAL WEST MEDITERRANEAN AUSTRALIA US WEST COAST PERSIAN GULF/KARACHI Please refer above mentioned services
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  • Page 45 Advertisements
    • 1003 45 A HYUNDAI I MERCHANT MARINE CO. LTD. WESTBOUND TO EUROPE BKG: *****61 VESSELS vov PNA PKE PCD VESSELS VOY_ SX RTM ANT* I EH* HAM BKj FEL HMM ADVANCE 035 A 10/01 11/01 13/01 H. EXPLORER 309** 17/01 04/02 04/02 05/02 06/02 06/02 08/02 NOR MALACCA 9403 A 17/01 18/01
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    • 433 45 STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS INBOUND VESSELS VESfil rat M IK u CO9K nOKEI »I 4 27/1 M/l IKEIU 121 27/1 M/l NUKE MM *47 SID KOVSMN IX M/l IMLintermaritime SOUTHERN AFRICA SERVICE DIRECT MONTHLY SAILINGS KK STORE PK PI D6N CT aCNMOSHVU) SU) SID SU)
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    • 936 45 VESSEL 1 VOY I SIN ETA/D I LAX OAK 1 CHI 1 DAL MEM/COL HOU NYC NOR GEORGE WASHNGTON 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 01/02 09/02 10/02 10/02 11/02 11/02 12/02 HENRY HUDSON BRPGE 72A 27-21/01 13/02 15/02 16/02
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