The Business Times, 14 January 1994

Microfilm: NL19041
Total Pages: 50
1 50 The Business Times
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  • Title Section
    Masthead
    13 1 Business Times WE KNOW ASIA MITA(P) 010/12/93 Friday January 14 1994 75 c
    13 words
  • 2am LATEST
    • Article
      Lock icon Dow Jones down 8.73 points
      49 1 Reuter NHW YORK Wall Street stocks, under pressure from a decline in the bond market and weak European bourses, continued to trade on the downside at midday yesterday. The Dow Jones Industrial Average dropped 8.73 points to stand at 3.839.9 at Ipm EST. Reuter
      Reuter  -  49 words
    • Article
      Lock icon EC internal trade falls 7.7pc
      66 1 Bloomberg Business News BRUSSELS Trade between European Community nations deelined 7.7 per cent in the second quarter of 1993, the EC's statistical office Eurostat said yesterday. Goods dispatched from one member state to another in the period had a total value of 163.6 billion ECUs
      Bloomberg Business News  -  66 words
    • Article
      Lock icon US set to start China textile sanctions
      61 1 Knight-Ridder WASHINGTON The Clinton administration will begin textile sanctions against China on Jan 17 unless US and Chinese negotiators settle the textile dispute this weekend. US Trade Representative Mickey Kantor said yesterday. The US announced last week it will cut some textile and
      Knight-Ridder  -  61 words
  • Article
    MARKET SUMMARY
    113 1 Stock market indices I hursda* C hinge Sill 2 194.86 -65 45 KLSE Composite.. 1.02**.17 -37.05 Nikkei 18.577.26 -216.62 Hang Seng 10.176.51 '-^11 St I Index 1.4.18.03 -49.73 Jakarta C omposite ...572.02 -13.2 CLSAChinaB 1.383.00 -25.27 Ausi AllOrd 2.177.5 -18.1 riSElOO 3.360.0 -12 lhursda> Pre»ious I pm close
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  • Article, Illustration
    Lock icon Mahathir and Dairn confident market will rebound
    710 1 Bernama. MBT KANGAR Malaysia's prime minister and its chief economic adviser yesterday said they were confident the Kuala Lumpur stock market, which has seen some 20 per cent of its value wiped out in the last few days, would return to buoyancy. Prime
    Bernama.; MBT  -  710 words
  • Article, Illustration
    Lock icon S'pore, KL shares slide lower but observers say worst is over
    561 1  -  By R Sivanithy SINGAPORE Share prices here yesterday continued to be dragged down by weakness in Malaysia, but observers believe the worst is over. Although the Straits Times Industrials Index lost a further 2.89 per cent and the Kuala
    Source: Bloomberg  -  561 words
  • Article
    Regional bourses tumble as funds move out
    138 1 SINGAPORE Share prices around the region continued to tumble, as foreign funds moved their money to less expensive markets. In Hongkong, the Hang Seng Index fell 536.22 points, or 5.01 per cent to 10,176.51 on turnover of HK59.25 billion. Bloomberg Business News reported
    138 words
  • Article
    Jakarta may lift curbs on P-E ratios of new listings
    573 1  -  From Maggie Ford in JAKARTA RESTRICTIONS on the pricc-carnings ratios of companies planning to list shares on the Jakarta Stock Exchange could be lifted shortly. TO stop the market overheating. the authorities last year slapped a ban on initial public
    573 words
  • Article
    Easier to buy and sell scripless stocks soon
    413 1  -  By Genevieve Cua SINGAPORE From March, investors who wish to buy and sell any scripless stocks will simply need to drop in at sales counters at over 100 selected bank branches and stock exchange member companies. The Stock Exchange of Singapore yesterday
    413 words
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      184 1 I ASIAN'S N'l I I COMPUTER PRINTER I RIBBON MANUFACTURER I CONTENTS MM< CoflnuniM S'pore News 2 S'pore tfsia 19.21.22 Regional News 3.4,5 Financial 23,24 World News 6.8 Features Markets Anaiyss 17 Oob/iaSE. S£S 27 30 Editorial 16 teg*™' -25 Sports 9 World 26 TV/Lifestyle 13 Currencies 24 Advertising 15
      184 words
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      6 1 Advertising: pk 15 Tourism in Asia
      6 words
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      11 1 Hock Lock Siew: p rt] 7 Need to solve sharijbgjavis M
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      14 1 The Bottom Line: Pg is A more pragmatic Europe please Full reports. Pages 26-30
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      94 1 i% ssL .1; J Tel: 250 8070 Fax: 250 8471 InciHp Hock Lock Siew: Solution needed lIlMUt: to en( j trading logjams. Page 19 Analysts say Malaysian shares will Taipei stock exchange freezes out rebound. Page 19 foreign funds, Page 22 Overheard in the trading New Zealand bourse poised for
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  • SINGAPORE NEWS
    • eye on the ECONOMY
      • Article, Illustration
        Lock icon Rise of Asian Dollar Market
        260 2  -  By Paul Leo THE Asian Dollar Market will become more important this year as regional economies remain buoyant and Singapore companies expand their businesses in the region. The ADM represents deposits and loans in nonSingapore dollars done in Singapore. Department of Statistics figures showed the
        Source: Dept of Statistics  -  260 words
    • Article
      M'sian investment seminar draws 1,400-strong crowd
      307 2 A RECORD number of people turned up for a seminar yesterday on business opportunities in Malaysia, showing the importance Singapore businessmen attach to investing across the Causeway. I he 1.400 participants were told by Malaysian Minister of International Trade and Industry- Rafidah Aziz that
      307 words
    • Article
      Repeated call to tackle inflation
      472 2 CONCERN over inflation was again raised yesterday by several Members of Parliament, one of whom said that 1994 was already being seen as a year when the priee of everything will go up. Referring to increases this month in parking fees, television and radio licences,
      472 words
    • Article
      Reverse mortgage scheme for aged flat-owners suggested
      549 2  -  Yesterday in Parliament Reports by Anna Teo, Chuang Peck Ming THE idea of introducing a "reverse mortgage" scheme whereby elderly flat-owners can keep their homes and at the same time get monthly dues against their property was floated in Parliament yesterday. The suggestion
      549 words
    • Article
      EDB in thrust to promote regional investments
      250 2  -  Reports by Ven Sreenivasan THE Economic Development Board will help local enterprises build partnerships with regional companies and Singa-pore-based multinationals to jointly invest in the region. Also, the board is realigning its incentive schemes and resources towards helping only those outward investment projects
      250 words
    • Article
      Singaporeans largest investors in Indonesia
      260 2 SINGAPOREANS poured more than USSI.33 billion (552.13 billion) into Indonesia last year, making them the largest investors in that country, according to the Investment Coordination Board of Indonesia. Most of the money went into projects in the Riau Province. particularly Batam Industrial Park. So far.
      260 words
    • Article, Illustration
      COE prices expected to ease in the following months
      456 2  -  By Dexter Lee PRICES of certificates of entitlement are likely to dip in the next few months, car dealers and stock analysts say. Their belief follows a disclosure by the Communications Ministry that it will convert unwanted motorcycle COEs into sought-after
      456 words
    • IN BRIEF
      • Article
        Who the young respect these days
        135 2 BUKIT TIMAH MP Wang kai Yuen has coined what he called a measure of the amount of respect young Singaporeans give to people SQ. for "street-smart quotient". Young Singaporeans assess a person by how much money he makes. Dr Wang observes. And for two
        135 words
      • Article
        The irksome S'porean tourist
        112 2 SINGAPOREANS venturing abroad should be sensitive to the feelings and needs of others, cautioned Chandra Das (Cheng San CiRC). Their constant gripes and comparisons with Singapore when in other countries are giving them a bad name and turning them into unwelcome guests, he said. "This problem
        112 words
      • Article
        CPF for studies or stocks
        100 2 LET WORKERS use CPF savings to attend part-time eourses. especially those who want to enrol in the polytechnics or universities. said Nominated MP Tong Kok Yeo. "Let them decide how they want to invest their CPF savings. If they decide to invest in a part-time
        100 words
      • Article
        Rebates for filial piety
        104 2 THERE should be more tax rebates for people who take care of sick or elderly family members, said Peh Chin Hua (Jalan Besar GRC). Kg Glam GRC MP Loh Meng See also suggested that the government "show understanding" by increasing the aged dependents relief, recognising the
        104 words
      • Article
        Go the co-op way
        54 2 THE GOVERNMENT should promote the growth of cooperatives to improve the well-being of working Singaporeans, said Loh Meng See (Kampong Glam GRC). It should consider setting up a statutory board to replace the Registry of Co-operatives and the Central Co-operative Fund to better supervise and coordinate
        54 words
      • Article
        Punishment for colonels and above
        49 2 ONE BILL was tabled at yesterday's sitting. The Second Minister for Defence. Dr Lee Boon Yang, introduced the Singapore Armed Forces (Amendment) Bill, which provides for senior military officers of. or above the rank of. lieutenant-colonel to be summarily tried and punished for offences.
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    • Article
      Breakaway SDP faction's meeting ruled illegal
      259 2 I HE HIGH COURT has ruled that the meeting held last August by a breakaway faction of the Singapore Democratic Party (SDP) was illegal. Justice Warren khoo also ruled that 10 of the II members of the SDP's "new" Central Executive Committee (CEC) must
      259 words
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      144 2 i st Swiss Continental Restaurant I For only $20.00++. you can relish a lunch deal that has the best spread and jgl variety in town. The perfect choice for the busy executive, who appreciates the value of a good lunch! Buffet Spread of APPETISER A spread of Smoked Salmon. Dried
      144 words
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  • THE REGION
    • Article, Illustration
      Thailand to ask M'sia to lower tariffs on border trade
      519 3  -  From Alan Boyd in BANGKOK THAILAND will press Malaysia to lower its tariffs on border trade at talks in the southern city of Hat Yai next week on a economic zone that will include Indonesia. The ministerial summit, which opens
      519 words
    • Article
      Lock icon Mahathir may attend second Apec meeting
      142 3 Reuter JAKARTA Malaysian Prime Minister Mahathir Mohamad may attend a second meeting of leaders of the Asia Pacific Economic Cooperation (Apec) forum in Indonesia, says Malaysian Finance Minister Anwar Ibrahim. Mr Anwar, also Deputy Prime Minister, was speaking to reporters yesterday after meeting Indonesia's
      Reuter  -  142 words
    • Article
      Lock icon KL companies to hold majority stake in proposed Asean bank
      279 3 MBT KUALA LUMPUR Malaysian companies will hold a majority stake of 51 per cent in the proposed Asean commercial bank. Asean Institute deputy president Loy Hean Hong said yesterday that the local shareholders would comprise Malaysian companies which were members
      MBT  -  279 words
    • Article
      Lock icon Phnom Penh govt sets new tax rates
      181 3 Reuter PHNOM PENH The Cambodian government yesterday announced a new schedule of taxes, with immediate effect, superseding an ad hoc collection of charges under earlier governments. The "Tax Provisions in the 1994 Budgetary Law adopted by the National Assembly", dated Jan 13, introduce
      Reuter  -  181 words
    • Article
      Indon govt will not rescue troubled large-scale projects
      328 3 JAKARTA The government will no longer tolerate private companies that indulge in mega-projects that are inefficient and cannot compete internationally. The Jakarta Post yesterday quoted Finance Minister Mar'ie Muhammad as saying that the government would not rescue large-scale projects that were in
      328 words
    • Article, Illustration
      Lock icon Chuan tells Thai investors not to exploit Cambodians
      400 3 AFP PHNOM PENH Thai Prime Minister Chuan Leekpai said yesterday that foreign investors should steer clear of short-term ventures that unduly exploited Cambodians, a controversial issue between the two neighbours. "I believe investment should be based on mutual interest with no exploitation
      AFP  -  400 words
    • Article
      Lock icon China bans new golf courses, race tracks
      416 4 Reuter BLIJINCi China yesterday outlawed new golf courses, horse-racing tracks and other popular but land-hungry venues of conspicuous consumption with an old-style campaign officially dubbed the Four .Xos. Edicts were issued by the State Planning Commission and four other central agencies, according to
      Reuter  -  416 words
    • Article
      Singapore-backed projects not affected
      140 4 SINGAPORE Companies building golf courses in China say the move to tighten control over the development of luxury leisure facilities will not affect their projects. Several companies contacted by Business Times yesterday said they had alreadysecured approval for investments so the ruling would not apply to
      140 words
    • Article
      Lock icon HK airport talks like playing darts in the dark: Patten
      262 4 AP, AFP HONGKONG Governor Chris Patten expressed mounting impatience yesterday over negotiations with China on Hongkong's new airport, saying it was like playing darts in the dark. Answering questions in the colony's legislature. Mr Patten accused China of waging megaphone
      AP,; AFP  -  262 words
    • Article
      Lock icon Beijing rejects US remarks on human rights
      500 4 AP AFP Reuter. BIiIJINCi China yesterday rejected US criticism of its human rights record, saying the Chinese government and people are the best judges of the situation. "It is the Chinese government and Chinese people who care the most about human rights in
      AP; AFP; Reuter.  -  500 words
    • Article, Illustration
      Lock icon S Koreans reach Pole unaided
      48 4 AFP ANTARCTICA A team of four South Koreans advances towards the South Pole, pulling their equipment on sleds. The team, led by foreign language teacher Huh Young 110 (left) became the fourth to reach the South Pole unaided after a 44-day trek. AFP
      AFP  -  48 words
    • Article
      Lock icon Beijing expects ties with Paris to improve
      298 4 Reuter. AFP BEIJING China believes its ties with France will improve gradually now that Paris has acceded to Chinese demands to ban future weapons sales to Taiwan. Foreign Ministry spokesman Wu Jianmin said yesterday. "As long as the two sides strictly abide by
      Reuter.; AFP  -  298 words
    • ASIA NOTES
      • Article
        Lock icon China's economy may overheat: report
        71 4 Bloomberg Business News HONGKONG Another round of breakneck growth and high inflation could be in store for China's economy, the semi-official China News Agency said. Citing soaring prices of staple goods in the nation's markets, the agency warned that the government would have to take
        Bloomberg Business News  -  71 words
      • Article
        Lock icon Beijing to spend US$6b on telecoms
        59 4 AFP BEIJING China would invest US$6.l6 billion (SS9.B billion) in post and telecommunications this year, an increase of 34 per cent over 1993. the government said. Much of the investment would come from foreign loans, the minister responsible for this sector, Wu Jichuan. was
        AFP  -  59 words
      • Article
        Lock icon Hosokawa rules out reshuffle
        46 4 UPI TOKYO Prime Minister Morihiro Hosokawa denied yesterday a published report that he planned to reshuffle his Cabinet once reform legislation aimed at wiping out political corruption passes parliament. Mr Hosokawa said he was "not at all considering" such a step. UPI
        UPI  -  46 words
      • Article
        Lock icon Cambodia aims to slash inflation
        50 4 Reuter PHNOM PENH The Cambodian government hopes to slash inflation to between 5 and 10 per cent this year compared with an annual rate of 300 per cent in 1992 and 60 per cent in 1993. Finance Minister Sam Rainsv told an investment forum here.
        Reuter  -  50 words
      • Article
        Hanoi stakes claim to Paracels
        41 4 HANOI Vietnam has restaked its claim on the I'aracel Islands, occupied by China since 1974. with a photo showing a Vietnamese Buddhist statue reportedly built on the islands in the 19th century, a newspaper here said.
        41 words
    • Article
      Lock icon Chinese provinces told to stop diverting wages meant for teachers
      339 4 Los Angeles Times BEIJING In an effort to stop local officials from spending education funds on get-rich-quick schemes and perks such as staff cars, the Chinese central government this week ordered local authorities to pay thousands of community school teachers
      Los Angeles Times  -  339 words
    • Article
      Lock icon Taipei confident French weapons will be delivered — but not parts and service
      217 4 Taipei confident French weapons will be delivered but not parts and service AFP TAIPEI Taiwan was confident France would fulfil contracts for delivery of weapons to the Nationalist island but was concerned about the future supply of spare parts. Defence Ministry officials said yesterday. "There is little chance that France
      AFP  -  217 words
    • Article
      Lock icon Japan's coalition partners seek massive tax cut
      518 5 Reuter TOKYO Key members of Japan's ruling coalition want to include income tax cuts worth six trillion yen (5585.2 billion) in an economic stimulus package but opposition from the coalition's largest partner is clouding the outlook. "Our proposal is for an income tax
      Reuter  -  518 words
    • Article
      Lock icon Rising budget deficit worries India's central bank governor
      171 5 AFP NEW DELHI India's central bank governor has expressed concern at the government's failure to rein in the budget deficit amid a strong economic rebound triggered by increasing exports and foreign exchange inflows. In an interview with L'nited News of India, published
      AFP  -  171 words
    • Article, Illustration
      Lock icon Second Ark is made in Japan
      44 5 Reuter TOKYO A Japanese firm hopes it will be deluged with orders for Noah's Ark ll (above) a metallic, capsule-shaped lifeboat priced at 1.5 million yen (5521,796) which is designed to survive tidal waves and swirling floodwaters. Reuter
      Reuter  -  44 words
    • Article
      Lock icon Debate over foreign-funded electricity projects
      342 5 AFP NEW DELHI India's deficient power sector is scheduled to get a big charge of foreign investment worth a hefty US$4.5 billion (557.2 billion) committed to seven major electricity projects approved by New Delhi. But instead of raising cheers in a country plagued by chronic
      AFP  -  342 words
    • Article
      Lock icon Tokyo concerned by US trade threat
      268 5 AP. Reuter TOKYO Japan's top government spokesman yesterday expressed dismay over talk that the United States might invoke "Super 301" trade measures against Japan. "We want the US to act cautiously by all means." said Masayoshi Takemura. Chief Cabinet Secretary under Prime Minister Morihiro
      AP.; Reuter  -  268 words
    • Article
      Lock icon Definite recovery in Aussie jobs: analysts
      221 5 Reuter CANBERRA A strong recovery in the Australian labour market was now unambiguous, analysts said after jobs data showed a fourth consecutive month of powerful employment growth. December's workforce, up 23.200 on November and following a 100.000 rise in the previous three months, would
      Reuter  -  221 words
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      298 3 Since 1875, The Audemars Piguet factory has been located at Ml^jl Le Brassus Switzerland. But for the next two days, it will be at Cortina Watch Centre, |j| r jjjj Audemars Piguet factory at Le Brassus ttjfea n The transformation from watch boutique to watch factory BUI 1 i has
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      50 4 .Jl p,,«| s PAKISTAN TURKISH AFGHAN KAZAK RUMANIAN CHINESE Before, "we produce to compete." Today, "to compete, we produce." Where can you find the most AFFORDABLE carpets with the most MAGNIFICIENT range with Incredible discount and RELIABLE quality. Who can give you a better deal plus unparalleled quality and service!
      50 words
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      128 4 Investment Bonanza!! WHERE? The Enterprise Room Level 4, Westin Plaza THB SATURMYISTH SUNDAYI6IHJANUARY FROM 11 AM TO 7PM Free Carpark (usual market value $A20,000-$A30,000) No Body Corporate Fees for 3 years Rental Guarantee for 12 months No Management Fees for 3 years No Solicitors Fees No Stamp Duty Plus extra
      128 words
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      511 5 Analysis: Economy forecast to grow o.spc, Pg 17 V You won't find aCD player hear a live performance of the the romantic atmosphere our rare and sometimes rather 3 pp that revives the spirit of the composer's work. hoxes create wherever they play, expensive (they range in price great composers
      511 words
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  • THE WORLD
    • Article, Illustration
      Lock icon Clinton promises Yeltsin speedy, substantial G-7 financial support
      554 6 Reuter MOSCOW US President Bill Clinton yesterday promised Russian leader Boris Yeltsin substantial and speedy Western support to help Russia transform its economy and cushion the pain of its far-reaching reforms. "President Clinton promised that, as long as Russia keeps reforming, we'll
      Reuter  -  554 words
    • Article
      Lock icon US seeks to restrict aluminium imports from Russia
      254 6 AP WASHINGTON The Clinton administration confirmed on Wednesday that it was seeking ways to restrict imports of Russian aluminium into the US in an effort to protect American producers. US Trade Representative Mickey Kantor said that curbs on Russian aluminium would be
      AP  -  254 words
    • WORLD WATCH
      • Article
        Lock icon Moscow privatising gas industry
        67 6 Reuter MOSCOW Russia plans to kick ofF privatisation of its gas industry this month by ofTcring shares in the far north Norilskgazprom company. Interfax news agency said. Norilskgazprom. which last year produced more than 4.7 billion cubic metres out of Russia's 617.4 billion cubic metres total
        Reuter  -  67 words
      • Article, Illustration
        Lock icon Superfast at supermart
        57 6 Reuter JOHANNESBURG Supermarket queues could be a thing of the past according to a South African research group. The Preto-ria-based Council for Scientific and Industrial Research said at a demonstration of its "Supertag" that a trolley containing 50 different items imprinted with microchips would take only one
        Reuter  -  57 words
      • Article
        Lock icon UK economy growing apace?
        78 6 Reuter LONDON Britain's economy may be growing faster than official figures suggest, with unemployment set to fall sharply this year as the scrvicc sector bounces back from recession, leading economists forecast yesterday. "I think the economy is now growing 3.0 per cent or even higher on
        Reuter  -  78 words
      • Article
        Lock icon Dutch have no plans for withholding tax
        64 6 Reuter THE HAGUE The Netherlands has no plans to unilaterally introduce withholding tax on interest income but would do so if the European Union agreed to harmonise the rules, the Finance Ministry said. "We are participating in discussions about withholding tax with our
        Reuter  -  64 words
      • Article
        Lock icon Bonn wants to reform Europe's CAP
        59 6 Reuter BERLIN Germany's Agriculture Minister Jochcn Borchert said he wanted further reform of Europe's Common Agricultural Policy towards more market forces. "Our policy of output reductions in return for direct income payments to farmers will be further extended." he told the agribusiness association DLG
        Reuter  -  59 words
    • Article
      Lock icon Italian PM quits, paving way for parliamentary polls
      255 6 AP ROME Premier Carlo Ciampi resigned yesterday, paving the way for parliamentary elections that would cap a wave of reform of Italy 's political system. Mr Ciampi. a former central bank president, was selected eight months ago as Italy's first premier not
      AP  -  255 words
    • Article
      Lock icon Yeltsin affirms support for minister behind reforms
      362 6 Reuter MOSCOW President Boris Yeltsin defied communist and nationalist enemies in Russia's new State Duma legislature yesterday by announcing he would stand by Privatisation Minister Anatoly Chubais. Mr Yeltsin also scored a significant victory in parliament's upper house, the Federation Council, where a
      Reuter  -  362 words
    • Article
      Singapore, Romania to sign investment pact in March
      354 6  -  By Said Abdullah SINGAPORE Romania and Singapore will sign an investment guarantee agreement in March and the two sides are also looking to seal a pact to avoid double taxation, Romanian officials told BT. This is part of a move by Bucharest
      354 words
    • Article
      Lock icon UK's Conservatives face corruption charges
      172 6 Reuter LONDON Britain's Conservative Party faced serious allegations of corruption in a flagship local council when an auditor said he had found politically motivated "wilful misconduct" involving millions of pounds. Westminster City Council is at the centre of charges the Conservative-controlled council manipulated a programme
      Reuter  -  172 words
    • Article
      Lock icon Chip stocks soar after leap in December orders
      519 8 Bloomberg Business News NEW YORK Higher-than-expected orders for computer chips in December sent semiconductor stocks soaring yesterday, as chips continue to work their way from computers into other consumer products. An analyst with Alex Brown Sons, Eric Jansen, said: "It's on the
      Bloomberg Business News  -  519 words
    • Article
      Lock icon Rise in consumer prices pushes German inflation to 11-year high
      247 8 Bloomberg Business News BONN West German annual inflation averaged 4.2 per cent in 1993, the highest rate since 1982, says the Federal Statistics Office. Announcing a slight upward revision in figures released provisionally last month, the Wiesbaden-based office on Wednesday
      Bloomberg Business News  -  247 words
    • Article
      Lock icon US inventories tipped to show increase
      324 8 Knight-Ridder CHICAGO US November business inventories are expected to show a slight increase, reflecting mild gains in retailer inventories coupled with rising manufacturing and wholesale stocks. The median forecast is for a 0.3 per cent rise, according to a Knight-Ridder Financial News survey of
      Knight-Ridder  -  324 words
    • Article, Illustration
      Lock icon Forced-landing for round-the-world balloon
      49 8 Reuter RENO, Nevada The Earthwinds Hilton balloon lifting off on Wednesday from a Reno airfield in an attempt to fly non-stop around the world. But seven hours into the flight, the manned balloon was forced to land in central California due to technical problems. Reuter
      Reuter  -  49 words
    • Article
      Lock icon Investing in Soviet debt a thrilling roller-coaster ride
      422 8 NYT LONDON Few investments can compare with the rollercoaster ride of trading in the debt owed to foreign commercial banks by the former Soviet Union. Since April, the debt, which is traded on secondary markets largely by institutional investors. has surged from
      NYT  -  422 words
    • Article
      Lock icon Debts to Arab funds exceed US$2b, Iraq, Sudan the biggest defaulters
      311 8 AFP ABU DHABI Outstanding debts to Arab and other regional funds have risen to more than USS2 billion (553.18 billion), with Iraq and Sudan the major defaulters. Arab funding agencies said yesterday. The arrears stood at around USS2.I billion,
      AFP  -  311 words
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      167 6 PERTH I I BRAND NEW BUNGALOW HOUSES ON FREEHOLD LAND I From A 5195,00 (*****,000) I NEXT TO JOONDALUP GOLF COURSE I H I Separate living/dining family rooms. 4 bedrooms/2 bathrooms. I Land approx. 5300 sq. ft. to 7000 sq.ft. FREEHOLD I Next toJoondalup Golf Course and 20 minutes drive
      167 words
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      149 6 BUSINESS TIMES TOLL-FREE TEL. No. 1-800-741-1883 FA X 741-1298 i£. V I=/ TAT LEE FINANCE LIMITED urcotwaiM «< ne Reouftc o* Soxpcwei ANNOUNCEMENT OFFER FOR SALE BY NDC MERCHANT BANK LTD OF 5540.000.000 PRINCIPAL AMOUNT OF 3.625 PER CENT. UNSECURED BONDS DUE 1999 AND 18,000,000 WARRANTS (THE "WARRANTS") TO SUBSCRIBE
      149 words
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      Page 6 Advertisements Column 3
      69 6 UIiPBC Magazine Racks IwlTBKj Bookends WK/m Myers Magazine Racks Bookends provide neat and efficient organisation of books, magazines, files, etc., for quick and easy reference. Moulded in high impact polystyrene for maximum strength and durability. Also available is a wide range of differently configurated magazine and book racks in attractive
      69 words
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      176 7 AS A BUSINESSMAN, WHICH OF SILK AIR'S THREE DAILY FLIGHTS TO JAKARTA MAKES YOU TICK? pjH 4 9.00 am? 2.15 pm? 7.00 pm? For all those who prefer to start their day in Jakarta For all those who need to spend their morning at the For all those who would
      176 words
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      185 8 Pioneering The Multimedia Explosion |A jyuLl 1 f «2""' ***^^^^^1)1^ Jf JSP i ini ■MB <J r--p §g* Standing tall in today's global Aztech commitment to offer Many companies will stop at multimedia technology our customers the latest and one outstanding product. Not marketplace, we have proven the best in
      185 words
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  • SPORTS
    • Article, Illustration
      Lock icon Forsbrand favoured for high finish in Madeira Open
      409 9 Golf European Season Opener AP FUNCHAL. Portugal High altitudes seem to bring high finishes for Anders Forsbrand. The tall Swede has to be regarded as the favourite in the U*****,000 (*****,900) Madeira Open, the PGA European Tour's season-opening event. Forsbrand will face
      AP  -  409 words
    • Article, Illustration
      Lock icon Bodyguard of skater Kerrigan's rival said to have confessed to attack
      507 9 AFP PORTLAND, Oregon Tonya Harding's bodyguard has reportedly confessed to taking part in a plot to injure rival figure-skater Nancy Kerrigan. The NBC News revealed the alleged confession in its Wednesday night "Now" programme. It also said that the
      AFP  -  507 words
    • Article
      Lock icon Living in the shadow of a titan
      580 9 The Miners' Steve Young copes with maintaining the standards of Joe Montana NYT EAST RUTHERFORD. New Jersey Talk about pressure. Steve Young followed in Joe Montana's footsteps, but filling his shoes is, of course, an impossible mission. And so there has been criticism
      NYT  -  580 words
    • Article
      Lock icon Hawaiian Open in PGA Tour in a class of its own
      499 9 AP HONOLULU The Hawaiian Open is different from the run-of-the-mill tournament on the PGA Tour. First, it's in Hawaii and is the only full tour event played off the North American continent. With that comes the beach-sun-surf outlook: This
      AP  -  499 words
    • Article, Illustration
      Lock icon England cricket team all out to beat West Indies
      458 9 Reuter LONDON Mike Atherton's England cricketers set off for the West Indies this weekend on a mission that has ended in failure for the last 14 teams to play a test series in the Caribbean cauldron. Atherton's essentially inexperienced squad faces
      Reuter  -  458 words
    • SIDE LINES
      • Article
        Lock icon Female spectator stabs footballer
        113 9 AFP STUTTGART. Germany FC Hamburg footballer Oliver Moller was rushed to hospital on Wednesday after being stabbed by a young female spectator at a match here. The spectator, who appeared around 20. threw herself at Moller. 25. at the end of the friendly match against Eintracht
        AFP  -  113 words
      • Article, Illustration
        Lock icon Pele wins suit but only wants respect
        126 9 AFP RIO DE JANEIRO Brazilian football legend Pele won a court battle against the Brazilian Football Federation and publishing house Abril on Wednesday over unauthorised use of his likeness on trading cards. Pele filed the suit over the publication of a series of
        AFP  -  126 words
      • Article
        European tour to penalise slow players
        108 9 FUNCHAL Players guilty of slow play on the European tour this season are to be hit harder in the pocket. Persistent offenders could face a two-stroke penalty. Tour officials announced on the eve of the Madeira Island Open the first event of the season
        108 words
      • Article
        Lock icon Father-to-be Becker takes a break
        65 9 AFP STUTTGART, Germany Boris Becker, currently awaiting the birth of his first child, will return to the tennis circuit at the Marseille indoor tournament on Jan 31. Becker, who married his pregnant girlfriend Barbara Feltus last month, will then play the Milan and Stuttgart tournaments
        AFP  -  65 words
    • SCORE CARD
      • Article, Illustration
        Lock icon Basketball
        37 9 Reuter NEW YORK NBA Wednesday: Atlanta 92 Chicago 81; Boston 84 Houston 94; Indiana 107 Denver 96; Orlando 109 Cleveland 118; Philadelphia 117 LA Clippers 98; Dallas 85 Minnesota 103; Golden State 100 Miami 92. Reuter
        Reuter  -  37 words
      • Article, Illustration
        Lock icon Ice hockey
        36 9 Reuter NEW YORK NHL Wednesday: Detroit 2 Tampa Bay 4; Montreal 3 New Jersey 2; Winnipeg 3 Buffalo 2; Anaheim 2 San Jose 5; Los Angeles 6 Hartford 4; Vancouver 4 Quebec 3. Reuter
        Reuter  -  36 words
      • Article, Illustration
        Lock icon Motor-rally
        140 9 AFP PARIS Standings in the Paris-Dakar-Paris rally after Wednesday's 331 km speciid stage from Tan Tan to Foun Hassan in Morocco Motorbikes, Stage: I Edi Orioli (Ita/Cagiva) 3h 22:56 2 Jordi Arcarons (Spn/Cagiva) at 41 sec 3 Angelo Cavandoli (Ita/KTM) at 27min I2sec 4 Guid Maletti (Ita/Kawasaki) 28:15 5
        AFP  -  140 words
      • Article, Illustration
        Lock icon Tennis
        278 9 Reuter AFP SYDNEY L *****.000 NSW Open Thursday Men's quarterfinals: 1-Pete Sampras (US) b Aaron Krickstein (US) 6-1 6-3: 5-Petr Korda (Cze) b Daniel Vacek (Cze) 6-3 6-2; 6-Todd Martin (US) b Nicklas Kulti (Swe) 5-7 6-1 7-6 (7/1); Ivan Lcndl (US) b Richev Reneberg (US) 7-6 (7/2) 4-6
        Reuter; AFP  -  278 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      93 9 1 v» J Sctdf llfellllM.fel.liM HOLIDAYS (Tajik oiouri SIA direct flight to Shanghai Guangzhou on Business Class 2^7 j En/oy Imperial banquets of the Chinese emperors c- tflr Qhannri-lfl Hntd •Beijing Diaoyutai State Banquet. 0 iar C3nan 9 n 13 ™6>> i %Suzhou/Hangzhou/Shanghai Qianlong Imperial Banquet. ShSfcltOn HOtGl SDu tGU
      93 words
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      Page 10 Advertisements Column 1
      771 10 ICingaporo S j X*ft Business Times _fi® Hi H THE Singapore Business Awards, now in PAST SINGAPORE BUSINESS AWARDS WINNERS t F^ ninth year, is held annually to recognise and HIIVRI^I3!BTRVSRI3n*1 l I B acknowledge outstanding achievements by jBL individuals and companies within Singapore's 1992 MR SIM WONG HOO V
      771 words
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      923 11 Awards Vjf Minister's urge for Singaporeans to I >J® abroad, Business Times I Vr» y has been restructured to cater for greater coverage. To afjL motto We know the ABEW paper has been providing corporate J? f. perspective Vf the I BUSINESS AWARDS WINNERS I Cnw 7 4 Singapore reader.
      923 words
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      958 12 piSja Nothing BOfltsA BUCL Hiciil'fl WHERE to wine, dine and entertain OF m IH ACHINE A sood reason to visit Mischief ttrcftin pub: From spoi to Bpm daiy, beer and house pouring drinks are at only $3.50++ each. Mischief Is open from 11 am to lam dally (till 2am on
      958 words
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      Page 12 Advertisements Column 2
      256 12 Fancy Beijing? Then, we're delighted to suggest the Pine Court for a memorable dining experience. Try our Beijing specialities such as V Baked Tench, Beijing Duck and Marinated Lamb and our lunch menu of Beijing dian xin. g» i To add to your enjoyment. BillO all these are well within
      256 words
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  • LIFESTYLE
    • Article, Illustration
      Lock icon Ethnic restaurants booming in Tokyo
      749 13 When it comes to food there's no need to suffer from culture shock NYT WITH the explosion of Tokyo's foreign population, there has also been a boom in ethnic restaurants that were once rare in the metropolitan area. And since eating is the foundation of
      NYT  -  749 words
    • Article
      Di goes for Chinese foot massage
      396 13 CHATTERBOX BRITAIN'S Princess Diana regularly visits an alternative therapy Chinese clinic for foot massages said to relieve stress, the Today newspaper reported yesterday. It said the hour-long sessions involved having the soles of her feet pummelled and her toes pulled. British papers carried pictures
      396 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      374 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 ROYALV»LL£ BUKIT TIMAH ROAD SINGAPORE 1027 TEL:
      374 words
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      Page 13 Advertisements Column 2
      79 13 TSINGTAO BEER Standing tall with its Superb Flavour Tsingtao, a rich strong flavoured beer brewed with sparkling, clear mineral water from the famous mountains of Laoshan. Its superb taste, praised and awarded the world over since 1963, quenches your thirst... revitalises your body makes you feel good! Tsingtao, it's on
      79 words
  • Page 13 Miscellaneous
    • Miscellaneous
      Page 13 Miscellaneous Column 1
      1140 13 TV RADIO 1 "We're one. but *e're not the same "Jeremy Irons gets into can t play forever. trouble with his twin in Dead Ringers, 11.15pm, SBC 5 -«o Peacock King (C). 11.00 News. 12.20 AM Close. 11.30 English Movie (Cont'd). 6.00 PM Sesame Street -=rr: 11.45 Teiemusic. 7.00 Art
      1,140 words
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      349 14 r i I■■ I Not Everyone Will Come Up To Par 1 I On Our New Cempaka Course. u.aßEgw.fe-\/Ji' Y.' *f<~J 1 -vj iWtrtfei ttJ^-- tjif j-tF'C ■■■»>* -< .a- j*& -'^^-i^^- 1 ;,if '%*S*£ -vPjP* ■■^v^Hf fpil# )/F, jgtg^ jj F &iL ii fF jl J p v Ik
      349 words
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  • ADVERTISING & MARKETING
    • Article, Illustration
      Intra-regional growth will fuel tourism in Asia: report
      750 15  -  Corinne Kerk reports on some findings on Asia's tourist industry by a travel group Corinne Kerk ASIA's tourist industry will be underpinned by in-tra-rcgional growth, a travel "think-tank" report has shown. It said tourist growth would come largely from developing countries with
      750 words
    • Article
      Lock icon Coca-Cola adds fizz to its ads
      570 15 NYT Naughty, sly, sexy, titillating and playful advertising from CocaCola rather than Pepsi-Cola? How refreshing. It is no coincidence that a major campaign introduced on Wednesday for Diet Coke, carrying the theme "This is refreshment", is uncharacteristically infused with those Pepsi-esque attributes. The ads
      NYT  -  570 words
    • Article
      Lock icon Record year for China advertising
      195 15 AFP CHINA'S fledgling advertising industry notched up a record annual turnover of 10 billion yuan (551.83 billion) last year, up 19 per cent from 1992. In announcing the figures on Tuesday, State Administration of Industry and Commerce director. Liu Minxue, stressed the success last year
      AFP  -  195 words
    • Article
      Lock icon Star TV trebles its Asian penetration in 10 months
      305 15 Reuter THE number of households receiving panAsian broadcaster Star TV's five channels has leapt 279 per cent to more than 42 million homes in 10 months, the company said. In China, where a licence is needed for private satellite dishes, more
      Reuter  -  305 words
    • COPY LINES
      • Article
        Sunkist's new Vit C products
        61 15 SINGAPORE Sunkist has launched a new range of pre-servative-free Vitamin C products including gum drops, rolls and chewable tablets. The rolls, with 11 tablets per pack, contain 60 mg of vitamin C and are priced at $1.50. The chewable tablets come in 250 mg and
        61 words
      • Article, Illustration
        Datamini Man to 'sell' computers
        42 15 SINGAPORE GES Singapore has developed the cartoon character Datamini Man to help sell the Datamini range of personal computers. The character, launched at the recent Sitex '93 show, is expected to be part of every marketing campaign.
        42 words
      • Article
        Stanchart's car prize promotion
        87 15 SINGAPORE Standard Chartered Bank has launched an aggressive two-part credit card promotion. Under the first part, one applicant out of every 1,000 stands to win a Volkswagon Golf GLI.B. This offer ends March 31. The second part of the promotion is a "charge and win draw"
        87 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      234 15 H MOVIE INDUSTRY H M MAJOR CAREER OPPORTUNITY H MARKETING MANAGER Q Golden Village Entertainment is a joint venture of two of the most experienced cinema related companies in HIH Asia. Village Roadshow Limited is Australia's premier motion picture company distributing films to cinema, video and television. The Golden Harvest
      234 words
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      Page 15 Advertisements Column 2
      108 15 OAC's Enhanced Investment Special Life 88 Super anticipated endowment £r r ■i mmi .<>-■- i mmtmmm m* mm i Heart Attack* Coronary Artery Disease requiring surgery*Stroke*Cancer*Kidney Failure*Coma*Major Organ Transplantation* Multiple Sclerosis*Paralysis*Heart Valve Surgery* Surgery to the Aorta* Primary Pulmonary Arterial Hypertension* Fulminant Hepatitis*Blindness*Deafness*Loss of Speech* Alzheimer's Disease* Major Burns* Terminal
      108 words
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  • Article
    A fully justified final cut
    584 16 EDITORIAL NEARLY three deeades after Singapore's political independence, the republic's judiciary looks set to cut fully the umbilical cord to England's legal system. At Saturday's opening of the legal year. Chief Justice Yong Fung How said the Council of Judges has recommended that the surviving
    584 words
  • WHAT THE OTHERS SAY
    • Article
      Wrong way to tailor ties
      282 16 GRANTED, ILLEGAL TRANSSHIPMENTS of Chinese textiles to the United States are not completely a figment of Washington's imagination. To the extent that they occur, they hurt American textile manufacturers and are therefore a genuine cause for concern to the US government. However, the US threat
      282 words
    • Article
      New direction for Nato
      216 16 THE END OF THE Cold War era has raised some doubts about the future of the North Atlantic Treaty Organisation (Nato). Without the threat of the former Soviet Union, there is a belief that Nato would no longer be relevant as an umbrella body to protect
      216 words
    • Article
      Trade restrictions
      186 16 LAST WEEK, WASHINGTON made a sudden announcement that it would take drastic measures against China for cheating on its textile quota by allowing the export of Chinese-made textiles bearing false third-country labels. It said that textile import quotas from China would be reduced by 25-30 per cent. The
      186 words
    • Article
      Changing US priorities
      205 16 IT IS A SIGN OF changing US priorities that President Bill Clinton is making his first trip to Europe a year after starting his job. He put ahead of Europe a visit to Tokyo and a meeting with Asia Pacific leaders in Seattle. As a result he
      205 words
    • Article
      Enhancing business forums
      168 16 THE NATIONAL CONFERENCE OF the Indonesian Chamber of Commerce and Industry (Kadin), which opened yesterday, could not have convened at a better time. The gathering in Jakarta of business leaders from throughout the country provides an excellent forum for both the businessmen themselves and high government officials
      168 words
  • Article, Illustration
    New year, new tax system
    1033 16  -  Bill Chan and Chua Kim Chiu examine China's tax reform Bill Chan,Chua Kim Chiu Bill Chan and Chua Kim Chiu are partners in the Hongkong and Singapore offices, respectively, of an international accounting firm ON NEW YEAR'S Day China implemented the major pieces of its
    1,033 words
  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      276 16 PICKING 1994'S WINNERS Finding winning I lf]|| stocks this year will be that MllSß* ls much harder. To help you, we've asked the experts iwi, to pick 20 potential L^iy^,: mega-baggers a? a r i ALSO IN THIS ISSUE: I T j* Japanese fund managers discover Asia Jw Emerging markets
      276 words
  • Page 16 Miscellaneous
    • Miscellaneous
      Page 16 Miscellaneous Column 1
      72 16 PcCNTY OF I SOCKS. SHIRTS. Ti£S. noSMiNG fbsrsoy D\D I PRese*rs V t h^ cT|?,c U > ALL OF VcQuir v>eNT. ji ASSOC tATEO WfWSEAHWS LtO IMMW] 909 a DOONESBURY GARRY TRUDEAU 'XAR7DNK yOUBET,J.AAS IOU CANSee, m STRIPS OH SO WHAT ARB YOU, OUR. AFESOMZOF CHECKOUT QHA&mAT)ONUER£A SM6H, VAUEPREAPERS, TRYING
      72 words
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  • ANALYSIS
    • Article, Illustration
      Lock icon Japan vows to abandon bilateral deals
      1020 17  -  Tokyo's decision to stick to multilateral trade rules could put it on a collision course with Washington during their trade framework talks. Hiroshi Nakamae reports Hiroshi Nakamae Nikkei Weekly FOR DECADES, Japan frequently has settled trade disputes through bilateral deals. Now, however, the government
      Nikkei Weekly; Source: Japan Automocole Manufacturers Association  -  1,020 words
    • Article
      Lock icon Japanese economy forecast to grow 0.5pc in fiscal '94
      1084 17 Economic growth of minus o.2pc for fiscal '93 will be lowest since country's emergence as major industrial power Nikkei Weekly THE JAPANESE economy will grow just 0.5 per cent during the fiscal year to begin April I and capital investment will
      Nikkei Weekly  -  1,084 words
  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      118 17 Revers by Andrea Branzi Usha by Eckart Muthesius Orbis by Herbert H. Schultes mm *v hi PluMI i The Pure Inspiration 1994 Collection has Come the exquisitely hand-made deSede chairs. 77ie ultra modern lamps the I ever-popular Saporiti Italia sofa. The collectible Cassina The sleek Design table the state-of-the-art umbrella
      118 words
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  • Article
    Lock icon S Korea's top 30 chaebol outline core business lines
    510 18 Reuter SEOUL South Korea's top 30 business conglomerates, or chaebol, have outlined their main business activities ahead of a Tuesday deadline set by the government to encourage the firms to be more globally competitive. Trade Minister Kim Chul Su initiated the
    Reuter  -  510 words
  • Article
    Lock icon US retailers post 9th straight monthly increase in sales
    446 18 AP, Reuter WASHINGTON Retailers posted a ninth straight monthly rise in sales in December, the US Commerce Department said yesterday, making 1993 the strongest sales year in four years. Last month's 0.8 per cent rise to a seasonally adjusted US$lBO.6 billion
    AP,; Reuter  -  446 words
  • Article
    Lock icon Japan, US fail to agree on bilateral car trade
    213 18 AFP, Reuter TOKYO Japan and the United States failed to reach an agreement at talks yesterday on bilateral automobile trade. Official sources said that to boost Japanese imports of USmade cars and auto parts. US negotiators demanded to set an "indicator",
    AFP,; Reuter  -  213 words
  • Article
    Lock icon Siemens expects net profit to fall 15pc, to axe 10,000 jobs
    483 18 Reuter MUNICH Europe's largest electrical engineering group Siemens AG said yesterday that it expected group net profit to plunge by up to 15 per cent in the current business vear and would axe more than *10.000 jobs. Management board
    Reuter  -  483 words
  • Article, Illustration
    Lock icon Time out for charity
    45 18 Reuter SYDNEY Tennis stars Gabriela Sabatini (left) and Arantxa Sanchez collecting money for the victims of Sydney's bushfires. Both players are playing in the New South Wales Open before they compete in the Australian Open, which starts on Jan 17. Reuter
    Reuter  -  45 words
  • Article
    Lock icon Low interest rates in Japan spawn condo boom
    467 18 Bloomberg Business News TOKYO The number of new condominiums put on the market in metropolitan Tokyo hit a 10-year high in 1993, signalling what analysts say is the start of a condominium boom in Japan. Low loan rates and dropping real estate
    Bloomberg Business News  -  467 words
  • Article, Illustration
    A more pragmatic Europe would be a relief
    844 18  -  The Bottom Line MICHAEL HINDLEY MICHAEL HINDLEY The writer, a Briton, is a member of the European Parliament THE unfortunate thing about propaganda. nowadays referred to in the admen's term "hype", is that sometimes people take it seriously. Worse still, the people
    844 words
  • Article
    Lock icon 10,000 new shareholders a day in China
    147 18 Reuter BEIJING Fifteen million Chinese held shares by the end of last year, with 10.000 new customers buying shares each day. The Economic Daily said yesterday that 181 firms had listed on China's two stock markets by cnd-1993, more than double the number
    Reuter  -  147 words
  • Page 18 Advertisements
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      Page 18 Advertisements Column 1
      154 18 -:*`]"$*|%,|".}@==:%*>!?]=;*'^% WE'LL KEEP YOU IN HOT WATER as Install an [VERHOT I STORAGE HEATER for hottestVof ';P hot warer. One installation serves every outlet... from bathroom to kitchen. < Warranty: Ail Everhot mams pressure water heaters are covered by a 12 months parts labour guarantee There is a further pro
      154 words
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      Page 18 Advertisements Column 2
      72 18 I MM !8piCAISER~ ii i iir system Guan Hua Building 133 Middle Road, Singapore 0718 11 J An excellent investment opportunity I I I not to be missed. Easy access to Bugis and City Hall MRT Stations Close proximity to Bugis Junction For more information, contact Sole Marketing Agent 1
      72 words
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  • COMPANIES & MARKETS
    • Article
      Lock icon KL shares will rebound as economy is strong: analysts
      420 19 Market reactions: Experts' views Retail sellers' gloom MBT KUALA LUMPUR The Kuala Lumpur Stock Exchange (KLSE) should rebound following the sharp correction in recent days as the country's economic fundamentals remain strong and the listed companies are sound, Malaysian bankers and
      MBT  -  420 words
    • Article, Illustration
      Lock icon A real solution to share logjams needed
      1163 19  -  HOCK By Amy Balan SINGAPORE "This is the best time to buy, but I can't buy," said a frustrated investor yesterday. If this were the lament of an investor lacking funds for investment, no problem. But it is not. It is a complaint
      Photo by Arthur Lee  -  1,163 words
    • Article
      Some prosecution witnesses9 statements irrelevant, says defence
      550 19  - Some prosecution witnesses 9 statements irrelevant, says defence NOL share-rigging case By Ramesh Divyanathan SINGAPORE Defence counsel in the NOL share price case said yesterday that the evidence of certain prosecution witnesses was irrelevant because the accused were not charged with market-fixing, a Subordinate Court heard yesterday. They said this
      550 words
    • Article
      Compact Metal plans 15pc maiden dividend
      188 19 SINGAPORE Scsdaq counter Compact Metal Industries (CMI) is expected to pay a gross dividend of 15 per cent for the year to Dec 31, 1993 its first year after listing. CMI revealed its intention in a circular issued yesterday to shareholders on the proposed
      188 words
    • Article, Illustration
      Lock icon SUMMARY
      295 19 Source: Bridge Info Performance of STII's Index stocks Jan 13 Last Se*se l«4e* Slock talc Ch«e bctoraown Avimo 2.260 -0.050 I.SI 1.12 C4C 7 8SO -0 600 5.25 13.45 CWT 2.890 -0.070 1.93 1.57 Cerebos 6.550 -0.350 4.38 7.85 FAN 16.700 -0.100 11.16 2.24 GenMag 1.190 -0.060 0 80
      Source: Bridge Info  -  295 words
    • COMPANIES
      • Article
        MUI-controlled Morning Star revises forecast to zero profit
        369 21 HONGKONG Morning Star Holdings, taken over by Malaysian United Industries (MUI) recently, has announced a sharp revision in its profit forecast. The South China Morning Post said yesterday. Morning Star said it now expected to see zero profit for 1993. It had
        369 words
      • Article
        DBS, Salomon lead-managing US$209m Indon rights
        154 21  -  From Catherine Ong in HONGKONG SINGAPORE'S DBS Bank and Salomon Brothers are lead-managing a US$2O9 million (***** million) rights issue for Indonesia's PT Bank Dagang Nasional (BDNI). The issue is the foreign tranche of a US$2BO million one-for-one rights issue, which is the largest
        154 words
      • Article
        Lock icon Indonesian, M'sian private sectors set up venture capital firm
        280 21 Bernama JAKARTA The private sectors of Malaysia and Indonesia yesterday took a concrete step to strengthen cooperation in the financial field with the setting up of the Syarikat Modal Usaha Malaysia-Indonesia (Malaysia-Indonesia Malindo Venture Capital Co) to help in the development
        Bernama  -  280 words
      • COMPANY BRIEFS
        • Article
          Lock icon Indon firm to take over Bank Summa
          87 21 AFP JAKAR TA FT Sira Tama Agra Raya (STAR), a subsidiary of P T Citra Lamtorogung Persada, which is led by President Suharto's daughter Siti Hardiyanti Rukmana, will take over the closed Bank Summa. officials said yesterday. Ms Rukmana confirmed that STAR would
          AFP  -  87 words
        • Article
          Fels unit bags 3 deals totalling $27m
          112 21 SINGAPORE Far East Levingston Shipbuilding's US arm. Amfels Inc, recently clinched three contracts totalling $27 million. Among them is the conversion and modification of two inland drill barges belonging to A P Moller. Amfels will prepare all the necessary design and engineering for
          112 words
        • Article
          DBS Land unit buys stake in HK firm
          51 21 SINGAPORE DBS Land, through its fully-owned subsidiary, Peony Holdings, has acquired a 20 per cent stake in a Hongkong company, Victory World. Victory World, with an issued capital of HKS 10,000 (552,076), will undertake the development of a prime residential site in
          51 words
        • Article
          118pc subscription for L&M rights
          76 21 SINGAPORE L&M Group Investments announced last night that it had received acceptances and excess rights applications for a total of 87.2 million right shares with warrants. This represents a subscription of about 118.2 per cent of its rights issue of 73.77 million new shares of
          76 words
      • Article
        Indon chicken breeder to go public next month
        180 21 JAKARTA PT Multibreeder Adirama Indonesia, wholly owned by listed poultry producer PT Japfa Comfeed Indonesia, will offer 10 million shares to the public at the end of this month or in earlyFebruary, The Jakarta Post reported yesterday. Suryo Yusuf, a director of
        180 words
      • Article
        Untitled
        473 21 MMB0MI' print Jan 14 Umbond 1.02 I.OSid fUainnf ii„u T rit .A United Gr Fund! 1.55 l.62xd Vltg3pOT8 Unil rUSt United Asia Fund I 90 2.00xd« The Commerce 1.71 1.80 MTUC Income The Savings Fund 1.61 1.69 S pore Prog Fund 0.71 0.75 Income Bond Policy s pore sec Fund
        473 words
      • Article
        MBf buys condo near Malacca Village resort on six-year lease
        321 21  -  By Abdul Hadhi SINGAPORE Kuala Lum-pur-listed MBf Holdings has bought the condominium beside its Malacca Village Park Plaza Resort on a six-year lease. In what is believed to be one of the first deals of its kind in Malaysia, the
        321 words
      • Article
        Lock icon German metals group insists on refinancing package
        262 22 NYT, Bloomberg Business News FRANKFURT Metallgesellschaft, the German metals, mining and industrial group, has strengthened pressure on its 120 bank creditors, saying if they do not accept the entire proposed 3.4-billion mark (SS3.I billion) refinancing, the group would declare itself insolvent. Meanwhile, trading
        NYT,; Bloomberg Business News  -  262 words
      • Article
        Amoco Chemical gets KL nod for plant
        377 22  -  USs46om factory will be group's first fully-owned facility in Asia By Genevieve Cua SINGAPORE Malaysian investment authorities have given the green light to USbased Amoco Chemical Company's plan to build a purified terephthalic acid plant for more than US$46O million (*****.4 million). <■
        377 words
      • Article
        Lock icon Japan's dealers mull over new rules for public share offerings
        269 22 Knight-Ridder TOKYO The Japan Securities Dealers Association is considering new rules for public share offerings, which could be finalised as early as next Wednesday, an association official said yesterday. The review was prompted by the Ministry of Finance's decision in
        Knight-Ridder  -  269 words
      • Article, Illustration
        Lock icon Plenty of room, with a view
        53 22 Reuter GENEVA, Switzerland European car manufacturers Fiat of Italy and PSA Peugeot Citroen of France presented their new joint monospace passenger vehicle in Geneva on Wednesday. The spacious vehicles, which can carry up to eight passengers, are to be launched in the middle of
        Reuter  -  53 words
      • Article
        Lock icon New Zealand bourse gets ready for boom year
        575 22 MARKET Reuter WELLINGTON The New Zealand share market has started 1994 on a roll and market watchers say the best is yet to come. In 1993, the NZSE-40 capital index of the 40 leading stocks rose 39.3 per cent, mainly on the
        Reuter  -  575 words
      • Article, Illustration
        Li Ka-shing names elder son as Cheung Kong's deputy chairman
        141 22  -  From Catherine Ong in HONGKONG HONGKONG tycoon Li Kashing yesterday appointed his elder son, Victor Li. deputy chairman of the Cheung Kong group. Li junior, a shy 29-year-old Canadian passport holder, shares the number two seat with long-time employee, George
        141 words
      • Article
        Lock icon Bombay bourse to launch new index
        226 22 Bloomberg Business News NEW DELHI The Bombay stock exchange will soon introduce a new broad-based index which will reflect trading patterns more accurately. The exchange's executive director, Arvind Kolhatkar, said yesterday that it also planned to issue a dollar-based index to help foreign investors.
        Bloomberg Business News  -  226 words
      • Article
        Lock icon Taiwan central bank freezing foreign funds out of market
        293 22 KnightRidder TAIPEI Taiwan's Central Bank of China is clamping down on foreign investment in the stock market in a bid to maintain control over the exchange rate and interest rates. In a move which analysts say bodes ill for overseas funds
        Knight- Ridder  -  293 words
      • Article
        Lock icon Paramount tells shareholders to accept QVC, reject Viacom
        283 22 Reuter NEW YORK Paramount Communications Inc's board has unanimously recommended that shareholders accept QVC Network Inc's takeover bid and reject Viacom Inc's latest offer in the multi-billion-dollar battle for the entertainment giant. The board said on Wednesday that shareholders should tender their
        Reuter  -  283 words
      • COMPANY BRIEFS
        • Article
          Lock icon Tycoon charged with diverting funds
          76 22 AP SEOUL Government prosecutors yesterday demanded a threeyear sentence and a fine of US$5.B million (559.2 million) for a business magnate charged with illegally diverting company funds overseas. Kim Sung Yon, chairman of the Hanhwa group, a major conglomerate, was charged with diverting the funds
          AP  -  76 words
        • Article
          Lock icon Toray plans boost in Indon polyesters
          76 22 Reuter TOKYO P T Indonesia Toray Synthetics will invest 10 billion yen (SSI42 million) in expanding polyester staple fibre production to meet increasing demand in Asia and the Pacific. It plans to increase its monthly capacity by 3.600 tonnes, to 5,380 tonnes by the
          Reuter  -  76 words
        • Article
          Lock icon Bechtel opens office in Malaysia
          68 22 Bloomberg Business News KUALA LUMPUR American engineering powerhouse, the Bechtel Group of San Francisco, has opened a representative office in Kuala Lumpur. "We're open for business, representing all of our companies, and we're here to stay," said Tom Hoke, regional manager of the Bechtel Overseas
          Bloomberg Business News  -  68 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon Bank Indonesia moves a step closer to free float of rupiah
        553 23 Central bank changes its practice on US$/rupiah spread Knight-Ridder JAKARTA In a policy change seen as a move towards the free float of the Indonesian rupiah. Bank Indonesia has changed its practice of announcing the dollar/rupiah bid and offer
        Knight-Ridder  -  553 words
      • Article
        Lock icon Thai banks beset by reforms, growing competition
        422 23 Reuter BANGKOK Thai banks face growing pressure from domestic and international capital markets as a source of funds, officials and bankers said. The reformist mood of Thai policy-makers has also increased competition for the banks. "There is no guarantee of survival," said Chulakorn
        Reuter  -  422 words
      • Article
        HSBC voted bank of the year in widely-followed IFR honour roll
        435 23  -  From Catherine Ong in HONGKONG HSBC HOLDINGS has been voted bank of the year while its merchant banking arm, Wardley, managed the emerging markets equity deal of 1993, according to banking magazine, IFR. In its widely-followed annual roll of
        435 words
      • Article
        Lock icon Compulsory KL bank rating delayed
        181 23 Knight-Ridder KUALA LUMPUR Rating Agency Malaysia has postponed the compulsory rating of banks that wish to guarantee private bonds to June 1, from Jan I. The agency said in a statement that several banks have asked for an extension, and said it agreed to the
        Knight-Ridder  -  181 words
      • Article
        Lock icon Hongkong Land may expand bond issue
        148 23 AFP HONGKONG Hongkong Land Holdings Ltd, inspired by strong demand, said yesterday it was expanding to US$4lO million (*****.5 million) the size of its proposed European 4 per cent convertible bond issue. The issue was first announced on Monday at US$3OO million, then enlarged
        AFP  -  148 words
      • Article
        Lock icon Bank of China posts 18pc increase in foreign deposits
        298 23 AFP BEIJING Bank of China, the state foreign exchange bank, has announced increased foreign deposits and assets while warning against the temptation to grant high-risk loans in the coming year. The bank's foreign exchange deposits rose 18 per cent in 1993
        AFP  -  298 words
      • Article
        Hanil Bank wants to upgrade S'pore office to branch status
        261 23  -  By Shiv Taneja SINGAPORE South Korea's Hanil Bank has applied to the Monetary Authortiy of Singapore (MAS) to upgrade its representative office here to a full-fledged offshore banking branch. Kim Jong Wook, the chief representative of Hanil Bank in Singapore,
        261 words
      • SMALL CHANGE
        • Article
          Lock icon Cambodia to get new currency
          84 23 AP PHNOM PENH, Cambodia The Cambodian government will print new currency in the near future so that even minor transactions can be done in tens, rather than thousands, of riel. the Finance Minister said yesterday. Finance Minister Sam Rainsy told a gathering of potential Thai
          AP  -  84 words
        • Article, Illustration
          Lock icon Troubled rouble
          50 23 Reuter MOSCOW An exchange office employee fills in the new rouble rate in the centre of Moscow on Tuesday. The rouble tumbled to a new low of 1,335 to the US$ amid rising doubts about Russia's commitment to economic reforms and fears of a new inflationary surge. Reuter
          Reuter  -  50 words
        • Article
          Lock icon Record Japan govt bond issues seen
          87 23 Reuter TOKYO Japanese government bond issuance is likely to reach a record level in the fiscal year ending March 31, economists said. A total 13.992 trillion yen (S$ 19.96 billion) in bonds have been budgeted so far for 1993/94, according to the Ministry of
          Reuter  -  87 words
        • Article
          Lock icon Poongsan unit completes bond sale
          84 23 Bloomberg Business News HONGKONG PMX Industries Inc. a US-guaranteed subsidiary of Korean copper products manufacturer Poongsan Corporation, yesterday completed the sale of US$6O million (Ss9s million) worth of five-year, floating-rate bonds. Poongsan said the notes will pay an annual interest rate of 1.125 per cent
          Bloomberg Business News  -  84 words
        • Article
          Lock icon Victoria to offer A$100m 2021 annuities
          67 23 Knight-Ridder SYDNEY The Australian state of Victoria yesterday said it will offer investors Asloo million (Ssl 10 million) in inflation-in-dexed Dec 2021 annuities on Jan 18. A spokesman for Treasury Corp of Victoria said lead managers SBC Dominguez Barry and Macquarie Bank will test
          Knight-Ridder  -  67 words
      • Article
        Lock icon Petronas set to make decision on third LNG plant
        355 24 Bloomberg Business News KUALA LUMPUR Malaysia is close to making a decision on whether to build its third liquefied natural gas plant, a step it hopes will enable it to capture a bigger slice of Asia's growing LNG market. "Nothing has
        Bloomberg Business News  -  355 words
      • Article
        Lock icon Best returns in '93 from Asia-Pac funds
        235 24 Reuter HONGKONG Funds that invested in warrants of Asian and Pacific stocks returned 210.11 per cent overall as a sector in 1993, making warrants the best performing group, the Hongkong Investment Funds Association said. Asia and Pacific warrants surpassed the Malaysian equities sector,
        Reuter  -  235 words
      • Article, Illustration
        Lock icon Counting on a prosperous year
        56 24 Reuter OSAKA Bank clerks count Japanese yen notes from offering boxes at Imamiya Ebisu Shrine in Osaka on Wednesday. A million merchants and other people visited the shrine during a three-day fete in honour of the God of Commerce and made their money offerings, wishing
        Reuter  -  56 words
      • Article
        Lock icon ABN Amro fund assets soar 50pc in 1993
        227 24 Bloomberg Business News AMSTERDAM The Netherlands' ABN Amro Bank NV. the world's 15th largest bank, said assets under the management of its 15 main investment funds rose almost 50 per cent last year to more than 20 billion guilders (5516.4 billion). ABN
        Bloomberg Business News  -  227 words
      • Article
        Lock icon Pressure on Aussie, NZ ratings eases: agency
        444 24 Knight-Ridder SYDNEY Downward pressure on the credit ratings of Australia and New Zealand has largely eased, Standard Poor's Corp said in a global credit perspective released yesterday. "Only in Australia and New Zealand, where economic recovery appears to be underway, has the downward
        Knight-Ridder  -  444 words
      • Article
        Lock icon HK appeals tribunal confirms revocation of Kingly's licence
        191 24 Reuter HONGKONG The appeals tribunal of Hongkong's Securities and Futures Commission (SFC) dismissed an appeal by Kingly Commodities against the revocation of its commodity dealer's registration and ordered Kingly to pay HKSI.I million (*****,000) in costs. The SFC had revoked the licence
        Reuter  -  191 words
      • Article
        Lock icon TSB chief sees further pressure on margins
        184 24 Reuter LONDON TSB Group chairman Sir Nicholas Goodison said the banking and insurance group was on the recovery path but he foresaw further pressure on margins in an environment of low inflation and low interest rates. "TSB will benefit as the economy recovers,
        Reuter  -  184 words
      • Article
        Lock icon Alcoa of Australia plans alumina cutbacks
        214 24 Reuter MELBOURNE Alcoa of Australia Ltd said it may cut back alumina production again if demand continues to weaken but it has no plans to change aluminium output. Finance and administration director Phil Spry-Bailey said alumina output was cut by 6 per cent in
        Reuter  -  214 words
      • Article, Illustration
        Banque Indosuez REGIONAL CURRENCY REPORT
        150 24 WITHDRAWAL of funds from the region became evident yesterday as the rupiah weakened against the US$ to its level on New Year's Eve. The US$/S$ saw sales of US$ in morning trade as the market failed to move higher in overnight trade. The USS/SS was
        150 words
      • Article
        Lock icon London
        194 24 Reuter LONDON The dollar settled near its highs for the day against the mark after a mostly moderate but sometimes frantic day's trading yesterday. Dealers said the market is still bullish for the dollar but is unsure of its near-term direction and would not be surprised if it corrects.
        Reuter  -  194 words
      • Article, Illustration
        Untitled
        1583 24 Trade- weighted index calculated against S pore's top 14 trading partners Base year 198 i US$/S$ forward rates Noon Jan 13 SS Bid Offer 1-month 1.6049 1.6064 2-month 1.6062 1.6077 3-month 1.6073 ***** 6-month 1.6100 1.6120 Source: OCBC FOREIGN CURRENCY NOTE RATES As at 10am m Jaa 13: Singapore dollars
        1,583 words
      • Article
        Lock icon Malaysia vows to back plan to cut oil production
        213 24 AFP KUALA LUMPUR Malaysia has pledged to help lift world oil prices from their lowest level since 1988, a Gulf Cooperation Council (GCC) envoy on a tour of independent oil-producing countries said yesterday. In addition to Malaysia, "we have achieved good
        AFP  -  213 words
      • Article
        Lock icon New York
        88 24 AFP NEW YORK The dollar rebounded sharply here early yesterday after the government reported good figures on US retail sales and consumer prices for December and the year. At about 9:15 am. the dollar was trading at 1.7497 German marks, up from 1.7410 several hours earlier in London
        AFP  -  88 words
    • COMMODITIES & FUTURES
      • Article
        Lock icon Eurodollars close steady ahead of CPI data
        1262 25 SIMEX REPORT Reuter SINGAPORE Simex Eurodollar interest rate futures ended steady ahead of the release of US consumer prices and dissipating tears about an interest rate hike. Contracts hovered in a narrow range. Activity was dominated by short-covering and adjustments on anticipation that
        Reuter  -  1,262 words
      • Article
        KL tin gains six sen at M$12.76
        716 25 COMMODITY REPORTS Tin TIN extended its gain and closed six sen up at MS 12.76 per kg yesterday, mainly due to initial low oilers and a current weak ringgit against the US dollar. traders said. Initial ofters were 57 tonnes against bids of
        716 words
      • KNIGHT-RIDDER COMMODITY SUMMARY
        • Article
          EU sugar output estimate revised
          97 25 BRUSSELS The European Union Commission has made a minor revision to its estimate of EU sugar production for 1993/94, Commission officials said. They said the latest estimate puts output at 16.10 million tonnes, against the previous estimate of 16.084 million. The number was given out
          97 words
        • Article
          Japan feed mills seek US corn
          67 25 TOKYO Japanese feed mills leapt into the US corn market on Wednesday before the USDA's report at 2000 GMT on US crop production and stocks, hoping to avoid a jump in basis prices, but soybean buyers were largely unmoved by the report. traders said.
          67 words
        • Article
          Offer prices up on USDA report
          72 25 LONDON Offer prices for South American soymeal are higher after Wednesday's bullish USDA monthly crop report, and sellers are confident that they can wait for prices to rise further, traders said. However, with offers up by around US$4 per tonne and bidders US$2 behind
          72 words
    • Article
      COMMODITY PRICES
      1560 25 Rubber RAS Commodity Exchange (futures closing as at 1pm) RSS 1 Contract (S cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest Feb 94 128.75 128.25 128.75 250 1.800 Mar 0.00 0.00 130.75 75 6.400 Apr 0.00 0.00 132.50 0 5.450 May 0.00 0 00 133.75 0
      1,560 words
    • REGIONAL STOCK MARKETS
      • Article
        Australia
        1144 26 -18.1 Sharp falls in Asian and other overseas bourses unsettled the Australian share market, which closed nearly I per cent lower with falls across the board, brokers said. But the brokers said there was still a wide range of interest and the overall trend for the market remains positive.
        1,144 words
      • Article
        Manila
        580 26 -76.85 The Philippine stock market fell for the fifth straight day yesterday, pulled down by the slide in other stock markets in Asia, analysts said. The composite price index at the Manila Stock Exchange retreated 76.85 points, or 2.58 per cent, to close at 2,901.15 points while the indicator
        580 words
      • Article
        Taipei
        534 26 -363.81 Taiwan stocks plunged 5.9 per cent on panic selling triggered by the cabinet's decision late on Wednesday not to pursue direct shipping links with China in the near term. The index opened moderately lower but selling snowballed as negative rumours on a range of other issues swept the
        534 words
      • Article
        Seoul
        410 26 12.35 Stock prices ended higher for the third consecutive session as waves of blue-chip buying overwhelmed selling by the Korea Stock Market Stabilisation Fund (KSMSF). brokers said. The composite stock index rose 12.35 points, or 1.39 per cent to close at 898.66. "Strong interest in blue-chip shares prodded the
        410 words
      • Article
        New Zealand
        284 26 -11.37 The New Zealand NZSE-40 capital index hovered in a 2.231-2,238 range in moderate trade to close at 2.235.97, marginally lower than the opening of 2,236.65 and 11.37 points lower than Wednesday' close. Market leaders Telecom and Carter Holt Harvey, who together make up over 36 per cent
        284 words
      • Article
        Bombay
        90 26 +24.8 Stock prices resumed their uptrend in after hours kerb deals after a brief bout of profit-tak-ing towards the end of the official trading session, brokers said. In kerb. Reliance Industries was quoted at 393/94 rupees against the close of 390 and Tata Iron Steel Co was at 263/64
        90 words
    • WORLD STOCK MARKETS
      • Article
        Untitled
        706 26 Britannia Funds Merlin* C ash Bid (Mn Mim Cap IVposil 38 MOO 38 6500 Mim lnv> (ilk .0 I*9\ 0 1992 M>m Mat Incume _..*l 0900 ****** US$ ash Income Ptin Fund 10 7*00 II MOO PS Reserve Fund 5:400 5 1500 Merlinf Mwl> Euro Performance 0 4592 049)* Far
        706 words
      • Article
        London
        619 26 -12 London shares closed down yesterday, echoing falls in other European markets and on Wall Street, and strategists and dealers said the FT-SE 100 index could slip to around 3,300 before finding support. The index fell 12 points to close at 3,360.0. after having languished near its session lows
        619 words
      • Article
        Paris
        116 26 -29.71 French shares closed more than I per cent lower for the second consecutive day as the fallout from Alcatel Alsthom's forecast of a lower 1994 profit continued to cast gloom over the market. The CAC-40 index was down 29.71 points to 2,252.19. Paris Jan 13 Fr \ir L
        116 words
      • Article
        Stockholm
        141 26 +o.lBpc Swedish shares closed higher with help from the government's announcement that it will postpone a final decision on the Orcsund bridge. The OMX-indcx rose 0.18 per cent to 1,151.33 in high turnover of 2.63 billion crowns. "It is important for the credibility in Sweden that the government does
        141 words
      • Article
        Frankfurt
        175 26 -2.02 pc German share prices were hit by a wave of foreign selling of selected blue chips late in yesterday's official session. However, traders expect priccs to stabilise in post-bourse trade and official trade today. The DAX index of 30 leading German shares closed at 2,164.66. down 2.02 per
        175 words
      • Article
        Milan
        148 26 +o.2pc Shares ended little changed after a day of suspense, awaiting political developments, traders said. If Prime Minister Carlo Azeglio Ciampi's resignation is accepted, markets will be looking for an early date for general elections to clarify political scene with a new government. The Mibtcl closed up 0.20 per
        148 words
      • Article
        Amsterdam
        282 26 -0.7 Dutch shares showed surprising resilience to weakness in German shares, braking yesterday's big correction and losing less than a point by the close. Dealers see 400 as a solid floor, but few expect a dip to go that far. The AEX closed at 415.65, a loss of 0.7
        282 words
      • Article
        Zurich
        250 26 -25.64 Swiss shares ended more than 1.5 per cent lower after afternoon selling in nervous trade and good volume. Weak bourses elsewhere in Europe, especially in Frankfurt, and a lower opening on Wall Street weighed on the market. dealers said. Several blue chips lost more than 2 per cent,
        250 words
      • Article
        Johannesburg
        304 26 -118 Shares slid across the board in a major correction following recent strong gains and fears that foreign investors would dump some of their interests, dealers said. They said the softer gold price had sparked the slide in mining shares, which spilled over to other sectors. The gold index
        304 words
      • Article
        Toronto
        264 26 -5.94 Toronto stocks were mixed with a negative tone as the market followed early weakness in currency and bond markets. The TSE 300 composite index fell 5.94 points to 4,448.75 on volume of 11.08 million shares valued at C 5128.01. On Wednesday, stocks staged a late-session turnaround in extremely
        264 words
      • Article
        New York
        721 26 -18.86 The Dow Jones industrial average was down 18.86 points to 3,829.77 at 11 am EST yesterday. It closed down 1.68 points at 3.848.63 on Wednesday. The New York Stock Exchange composite index was off 0.67 to 261.70, while Standard Poor's 500-stock index was down 1.70 to 472.47.
        721 words
      • Article
        Brussels
        186 26 Belgian shares closed sharply lower, hit by massive profit-taking following a dive in German shares, continued weakness on other European markets and concern over the Agusta bribery allegations dossier. Traders expected the correction to continue over the next few days. "The market was ripe for a correction. Considering weakness
        186 words
    • Article, Illustration
      Lock icon HONGKONG
      3159 27 Reuter HONGKONG Shares extended their losing streak, ending down sharply for the third conseeutive day, as across-the-board selling stripped 5 per cent from the main index, brokers said. The blue chip Hang Seng Index tumbled 536.22 points to 10,176.51. The index has slumped 23.81 per cent so far from
      Reuter; Source: Bridge Info  -  3,159 words
    • Article, Illustration
      CHINA
      488 27 PROFIT-TAKING in Shanghai continued with the CLSA B Index down another 27.17 points to 1,047.82. Many losers like Friendship, Jin Jiang Tower, Phoenix Bicycle, and Rubber Belt dipped between 5 and 6 per cent. Among the few gainers, Chlor Alkali and Dazhong rebounded 8 and 7.1 per cent respectively
      488 words
    • Article, Illustration
      Lock icon TOKYO
      2441 27 Reuter TOKYO Stocks ended down yesterday as domestic institutions continued to take profits ahead of March book closing. Earlier buying from foreigners fizzled out late in the afternoon, exacerbating the falls, brokers said, it was the Nikkei's first drop after six straight days of rises. "Today has been typical
      Reuter; Source: Bridge Info  -  2,441 words
    • Article, Illustration
      Lock icon BANGKOK
      1820 27 Reuter BANGKOK The SET index fell 49.73 points to finish at 1,438.03 yesterday on moderate turnover of 19.68 billion baht. It hit a low of 1.388.80. down 98.96 points, in morning trade. "Selling by foreigners has slowed down while local funds and long-term individual investors have bought on weakness."
      Reuter; Source: Bridge Info  -  1,820 words
    • Article, Illustration
      Lock icon JAKARTA
      1116 27 Reuter JAKARTA Share prices closed lower in shaky trading yesterday, with panicked local investors cashing out their positions. brokers said. The composite index closed 13.2 points lower at 572.02. "Some investors returned to the market in the late session, hunting for oversold counters. It has help prevent a stronger
      Reuter; Source: Bridge Info  -  1,116 words
    • Article, Illustration
      Lock icon CLOB INTERNATIONAL
      2576 28 Source: Bridge Info Source: Bridge Info IWKT iCTWf—^ nH AMDB 50c 18.928.000 Kamunting 50c 18.719,000 Renong Bhd 50c 14.444.000 Faber Group 12,161.000 Promet 11.796,000 ldns Hyd 50c 9.135.000 FACB 50c 8.766.000 Mctropiex 50c 7,715.000 Tan hong 50c 6,755.000 Ind Oxygen Wt95 5.147.000 MUI 4,408.000 Peg) Msia 4.048.000 MBf
      Source: Bridge Info  -  2,576 words
    • KUALA LUMPUR STOCK EXCHANGE
      • Article, Illustration
        Lock icon Prices weaken further as players exit market
        5883 28 Bernama KUALA LUMPUR The Kuala Lumpur Stock Exchange continued its downturn yesterday as players were more keen to liquidate their positions amidst the uncertain trend on the local bourse. The Composite Index fell 37.05 points to 1,029.17 while the Emas Index of all
        Bernama; Source: Bridge Info  -  5,883 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        6942 29 1 MAIN BOARD Transaction date: Jan 13~ Gr Gr 1993/44 l.»st Vol Day Last Qaott Di» Di» N Id Nrt M Cay High Low Company Sale ("000) High law Boyer Seller C*r P/E Smil INDUSTRIAL AND COMMERCIAL 1440 260 t Acma 1360 20 1165 1440 1280 1340 1360 12.5 2.1
        6,942 words
      • Article, Illustration
        Lock icon Bargain hunters claw back one-third of day's losses
        1628 30  -  By R Sivanithy SINGAPORE Share prices here fell yesterday for the third day this week, although late bargain hunting recovered a third of early losses. At the start of trading, the Straits Times Industrials Index seemed likely to recover halfheartedly. It gained
        Source: Bridge Info  -  1,628 words
      • Article, Illustration
        DBS Bank
        139 30  -  HOT STOCK By Paul Leo DBS Bank shares have dropped 12.6 per cent or 1.60 from a high of 12.70 on Jan 3 to $11.10 yesterday. The stock has reached a temporary support level and should consolidate between Sll.OO and 11.80 for the next two weeks. Volume yesterday
        139 words
  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
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      125 words
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      109 20 Dame Kiri Te Kanawa I in concert I with the Singapore Symphony Orchestra conducted by Stephen Barlow II i' 'I J |J- J |1 I j| jll I programme includos excerpts from Carmen, Turandot, Madame Butterfly, West Side Story, Sunset Boulevard and Les Miserables Singapore Indoor Stadium *Ali7 ki Sunday
      109 words
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      6 21 Dividends table has been held over
      6 words
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      Page 21 Advertisements Column 2
      118 21 ITOSCANOI The Hallmark ndur i n g Quality Como. A new collection from Toscano is impeccable craftsmanship. A collection that is of the same calibre of excellence as all Toscano products...only an irresistible twist. fjWaL Como is crafted witb genuine Italian bootm I II LkiJWxiL^ H H revolutionary water-resistant H
      118 words
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      Page 23 Advertisements Column 1
      1377 23 BUSINESS TIMES TOLL-FREE TEL. No. 1400.741-1883 FA X 741-1298 r In The IbCMr of 1 The Caapmks Act. SO| And In T*e Hanaro* •MNonnnrana (Incorporated m the Repubftc of Sngapore) (In LxMdaoon| Members' Voluntary Winding-up Notice is hereby gweo that the creditors of the above-named Company which rs being voluntarily
      1,377 words
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      Page 23 Advertisements Column 2
      71 23 AIK HUA HANG PRIVATE LIMITED (IN VOLUNTARY LIQUIDATION) NOTICE IS HEREBY GIVEN pursuant to Section 308 (2) of the Companies Act. Cap. 50. that the Final Meeting of Members of the abovenamedCompany will beheld at 585 North Bridge Road *14-05. Blanco Court. Singapore 0718 on Monday, 14th February 1994 at
      71 words
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      636 25 INESS TIMES TOLL-FREE TEL. No. 1-800-741-1883 FAX7AI-1298 M THE MATTER OF THE COMPANIES ACT, CAP SO ANO M THE MATTER OF COLUMBUS SYSTEMS PTE LTD (In Members' Voluntary Liquidation) NOTICE OF FIMAIMEETMQ NOTICE IS HEREBY GIVEN pursuant to Section 306 of the Companies Art, Cap 50. that a Final Meeting
      636 words
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      Page 25 Advertisements Column 2
      34 25 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead 1 1 Put The i 1 Straits Times Classified to work for you today.
      34 words
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      Page 27 Advertisements Column 1
      114 27 Collection El Primero automatic chronograph movement JJJ fff't Aii'V- Water resistant to 100 m or 50m. Hi IF"' Available in gold, gold and steel or steel. b L£fTModelN s3o3634oo I^JiiH Abo** 4 Beyond Pte Ltd 1 Maritime Square *02-101 E«po Gateway Tel: *****42. Cortina Watch Centre IV lid #01-36 Raffles
      114 words
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      195 28 QUAL I T Y TH A T LAS T S Mi monogram and Since 1924, and with the same passion for perfection, Caran /A* sword-ltke dtp an th* symbols I d'Ache has been creating luxury writing instruments that transcend time. quaiay and Hb4l j n our newest collection, "Geneve", you
      195 words
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      143 29 The Zenith Rainbow Collection A Legend at Sea and on Land l 3£/j if j\ El Pritnero automatic chronograph movement mm m 1H flHnB Non-reflecting sapphire glass. H 'Hgw. Wafer to 100 m or 50m. 01'"""* 31 i Available in gold, gold and steel or steel. a^_ L£FT ModelN *****3400
      143 words
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      525 30 BUSINESS TIMES TOLL-FREE TEL. No. 1-800-741-1883 FAX:74I-1298 IN THE MATTES Or THE COMPANIES ACT (CHAPTER 59) AND la (be Matter of EAST COAST HOTEL PTE LTD (la Vahwliry Liquidation) MEMBERS' VOLUNTARY WINDING-UP Notice is hereby given that pursuant to Section 308 of the Companies Act. Cap 50 that the Fiaai
      525 words
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      Page 30 Advertisements Column 2
      477 30 IN THE MATTER OF THE COMPANIES ACT CAP St AND IN THE MATTER OF MUI.TI-USAHA <S> PTE LTD NOTICE OF SPECIAL RESOLUTION FOR MEMBERS' VOLUNTARY WINDING-UP (pursuant to Section 290) At an extraordinary general meeting of the members of the abovenamed Company duly convened and held at 190 Middle Rond
      477 words
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      Page 30 Advertisements Column 3
      449 30 %w GUTHRIE GTS GUTHRIE GTS LIMITED (incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the abovenamed company will be held at 41 Sixth Avenue Singapore 1027 on 31 January 1994 at 11.00 a.m. for the purpose of
      449 words
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      Page 30 Advertisements Column 4
      358 30 BROKERS' STOCK PICKS in Personal Finance and Investment on Saturdays M THE MATTER OF THE COMPANIES ACT, CAP. SO AND M THE MATTER Of OGAWA RESTAURANT KARAOKE TELEVISION PTE LTD (In Credßorß* Voluntary Liquidation) Mottc# of AppokvhMfil ond Situation at Otfct of lijMSMw Name of Company: Ogawa Restaurant Karaoke Television
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  • Shipping Times
    • Article
      Lock icon Taiwan rules out early direct shipping links with China
      371 31 Reuter TAIPEI Taiwan's cabinet has rejected a proposal to seek direct shipping links with China, saying political tensions between the rival governments have not eased sufficiently. A meeting of senior cabinet officials late on Wednesday decided to shelve indefinitely the proposal
      Reuter  -  371 words
    • Article
      Lock icon Tugboat captain testifies on oil spill off San Juan
      290 31 NYT SAN JUAN, Puerto Rico Testifying for the first time about a barge accident that left some San Juan beaches fouled with oil, a tugboat captain said he was in too much of a hurry to follow standard repair procedures for
      NYT  -  290 words
    • Article
      Lock icon Freight rates up on sudden demand
      273 31 Knight-Ridder NEW YORK The push by a number of charterers to bring in much needed road salt from various locations for discharge along the eastern US seaboard has caused rates for tonnage in position to jump upward, according to shipbrokers on T uesdav. The
      Knight-Ridder  -  273 words
    • Article
      Lock icon Union calls for 24-hr strike at French ports
      168 31 APP PARIS The Ports and Docks Federation of France's CGT labour confederation on Wednesday called for a 24hour strike in all French maritime ports yesterday to defend employment and push for reinstatement of two dockers in Bayonne. The federation said in a
      APP  -  168 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      1101 31 Page Col ABC Containerline 12 1 Accord Group 8 1-3 Africa Container 16 3 Ahrenkiel Liner 4 1/2 AOEShpg 15 4/5 ANL 3 1/2 APL 5 3-5 Appenship 18 3/4 Arabian Express 15 4 ASCL 5 5 ASXCL Shpg 15 2 Avant Shpg
      1,101 words
    • Article, Illustration
      New scaffolding system available here
      483 31  -  S'pore the first country outside US to use technique for ship tanks By David Gabriel SINGAPORE Singapore is the first overseas marine repair centre to get a new scaffolding system developed in America for use in ship tanks. The MFP Upstage Marine System is the
      483 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        511 32 KwhI ¥ty Ht B«rft Unbdl 0«p«fto» Wwwl »oy III Bwih fcrtwl fcpgfcw JWOOg Port Al Satoia 32 P06 1101/1630 15 01/0200 0m| Mm 2 J4 Hones* 14 01/0600 Ms Mary 21(8 P07 14.01/1000 15 01/0600 M Latan 028 J1 *np* 14.01/2300 Am 125 P090 14.01/1100 15.01/0600 Dm
        511 words
      • Article
        CONTAINER SCHEDULES
        1494 32 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO HECCMWO Of EXPORT FCL CONTAINERS AND LCI CAHOO Iccard BooMnf/Monco Rstta Mp Voy No Etb/Btr Pariod Fran To Fran to Lata 0471 14/2000 1 13/1900 13/1080 11/1100 2 mm 14/0060 14/0100 mm■ UON 15/2300 4 14/: 200 14/1400 14/1700 Mum
        1,494 words
    • Article
      THE SHIPPING GUIDE
      12332 40 This is a list of ships loading at Pre Singapore for ports around the ibn world. It tabulates, by destination, VIU the name of the ship, the shipping line involved and the estimated KS dates of arrival and departure from 20 the Port of Singapore. V €1
      12,332 words
    • Article
      DAILY FREIGHTS
      307 47 THE Baltic Freight Index for spot dry cargo shipping rates rose to 1,230 on Wednesday from 1.220 on Jan 11. FIXTURES Tanker Little change was noted for tanker rates in any sector, as the market languished in rather featureless trade, brokers said. However, the market was said to
      307 words
    • Article
      VERITAS BUNKER QUALITY REPORT
      575 47 Carbon Carton January 6 Density Water Residue Ash Nurnrun Sedment Density Water Resafce As* Akmnun Sedrent M/M 1 M/M Exxon Exxon KG/M*3 V/V M/M M/M PPM method KG/M*3 V/V M/M I M/M PPM method ISO/Canac Lints Spec E25 991 1.0 15.0 0.10 30* 0.10* Eastern USA
      575 words
    • Article, Illustration
      Lock icon UAE ports bustle with activity
      1539 48 The United Arab Emirates is upgrading its port infrastructure and is keen on developing shipping related businesses Seatrade Review SINCE the beginning of the *****, the United Arab Emirates has consistently broken the pattern of global recession with trading activity setting new records. Whilst foreign
      Seatrade Review  -  1,539 words
    • AIR AND LAND TRANSPORT NEWS
      • Article
        Lock icon Brussels talks to test US open skies policy
        648 50 Meeting will work towards European accord on airfreight trade Reuter WASHINGTON A new US aviation policy that aims to sweep away restrictive binational air service agreements on the way to multinational "open skies" accords gets a first, critical test in Brussels next
        Reuter  -  648 words
      • Article
        Lock icon S Korean carmakers setting up more joint ventures abroad
        308 50 AFP SEOUL South .Korea's automakers have stepped up investment abroad to avoid trade barriers, striking four deals for joint ventures over the past month, company officials said yesterday. South Korea's largest automaker, Hyundai Motor Co, signed a contract with Ghabour Brothers
        AFP  -  308 words
      • Article
        Lock icon Corporatisation to fix the ills of US air traffic control
        593 50 NYT NEW YORK It's spm on Thursday and you are sardined into a sleek jet capable of whisking you from Miami to New York in time for "Seinfeld." But with air controllers lacking up-to-date equipment already straining to keep track
        NYT  -  593 words
      • Article, Illustration
        Sales of Jaguars double to 196 in S'pore
        315 50 SINGAPORE Sales of Jaguar cars in Singapore last year doubled to 196. And the topselling model was the luxurious XJ6 3.2 sedan. The resident manager of Jaguar Cars Export Ltd (Far East), Steven Watts, says the outlook is for better figures still.
        315 words
      • Article
        Lock icon USAir woos the dead
        241 50 AP NEW YORK USAir wants more business sending people to their final destination. Funeral directors who are booking flights for bodies and mourners can call a special reservations line intended to make the process easier. And for every 30 corpses shipped on USAir. the funeral director
        AP  -  241 words
      • LOG BOOK
        • Article
          Lock icon Indon aircraft factory plans expansion
          89 50 Reuter JAKARTA Indonesia's state-run Industri Pesawat Terbang Nusantara. anticipating good sales of its new medium-haul commuter plane, plans a 500 billion rupiah (SS3B million) expansion at its Bandung factory, a company spokesman said. A company spokesman gave no details of expansion at Bandung, southeast of
          Reuter  -  89 words
        • Article, Illustration
          Lock icon Japan to develop 80-seat plane
          31 50 Reuter TOKYO A drawing of the YSX, a 75-80 seat passenger plane that Japan wants to develop with foreign aircraft manufacturers by the early 2000s. Reuter
          Reuter  -  31 words
        • Article
          Lock icon Talks on Fujian-Xiamen rail link
          60 50 Keuter BEIJING The railway construction development company of Fujian province is discussing with the railway bureau of Japan's Transport Ministry a possible express link between Fujian and Xiamen, the People's Daily said. It said talks were recently held in Hongkong and that Mitsui will send
          Keuter  -  60 words
        • Article
          Emirates voted Airline of the Year
          102 50 SINGAPORE A Middle East airline. Emirates, has been voted Airline of the Year by UK's Executive Travel magazine and Wagonlit Travel. The carrier, the international airline of the United Arab Emirates, also swept away with another four awards in the annual Executive Travel reader
          102 words
        • Article
          Lock icon Human cargo ship owner pleads guilty
          104 50 AFP NEW YORK The owner of the smuggling ship Golden Venture and six other men who kept watch over the freighter's scores of undocumented Chinese emigrants pleaded guilty to charges linked to its fatal trip last June. Seven defendants pleaded guilty in federal court
          AFP  -  104 words
      • Article
        Lock icon India to build world's smallest fighter plane
        161 50 Reuter NEW DELHI India is planning to build the world's smallest, multi-role, light combat aircraft (LCA) by June 1996. A P J Abdul Kalam, secretary of India's Defence Research and Development Department (DRDO), told Indian Air Force officers on Wednesday it would be
        Reuter  -  161 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1581 50 cut) nm eta nw no_ Ma DkaM GA970 2240 GA928 2355 GA976 2359 Mlllldi QF81 1930 Qf82 2050 QF81 1935 SQ227 2230 fcuterriM SQ25 0635 KL838 2335 KL843 0745 SQ26 2355 KL837 1540 GA976 2359 Mtmm SQ348 2250 tocMaad NZ35 1645 SQ285 2045 BA12 2200 SQ285
        1,581 words
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      14 31 MAC-NELS HONG □Ally KONG SAILINGS SINGAPORE:(O2)-*****22 NEW WAREHOUSE PSA Keppel Distripark Blk 519 #01-111
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      15 31 Urn Md unlet* rafmaatw 1 tocntftwAfSgfY) Vw*!/ For advertising enquiries, contact Shipping Times: Tel 740-2089/740-2090
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      247 31 the FAMOUS mmmk/ mmmmm KEHMI 224 1833 For more information please refer to Pg. 13 UAE ports keep busy. Page 18 Brussels talks to test US open skies policy, Back Page Pirated parts may be hazardous to your SULZER ENGINE! I NEW SULZER DIESEL of Switzerland, its wholly-owned subsidiaries, including
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      336 32 TSKIJNE AGENCES (S) PTE. LTD. W T.S.K. LINE w— Tlx: RS *****/TSKSIN. TOKYO SENPAKU KAISHA, LTD. CD No: **********0N CIMCMPf 81 1101 mi >CI ULT 04a **1781 **I>Jl 1101 21J1 2101 2711 01.02 01.12 02.02 0312 ACX wxn >308 HOI *21.0121.01 2101 aii 31.01 04.02 0102 MM CJgg 71 2101
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      1138 32 tßf m-Vifgaa ESHHBHWBHppHpHEHHHpBpHBpffIp^^S^BS^^ CALIIORMA MERCUfT M t»MI SI 71 11 10 2 11 12 U 11 12 2 I__L_ CAUFOWMJUmi 70 ***** 12 2 142 112 17 2 IS 2 112 112 112 112 «WO 01 002W 171 2*l 22 11 12 12 117 112 112 14 2 112 ml
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      2124 33 Aiiuvay a. iiuhj wwiiuhi j ?E°L C y3 S^i5 0 2 2 f3% R 4 D 2 NE SH PWMG AGENC EB DOCUMENTATION TEL: *****55 (INWARD)/*****90 (OUTWARD) T CFS EL BOOKINGS TEL: *****80 *****81/ *****82 IPOMTEU *****3/4M2706 (OPNS) CFS (PSA F5) TEL: *****21/ *****79 TEL *****2/3 cllT 07-2435«8 CUSTOMER SVC
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      2018 33 M numikiaiEa U. S. A. /CANADA NEXT AVAILABLE SAILINGS ALVA MAERSK V.9402 ETA SIN 17TH JAN 94 MARGRETHE MAERSK V.9402 ETA SIN 18TH JAN 94 ANNA MAERSK V.9404 ETA SIN 19TH JAN 94 Vassal Voy ETA ETD Faadaf Dy s Laurel < DESTINATIONS TNS «««> margrethe MAERSK v 940? CV
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      1660 34 AOABA I RDAM/I lI ALSO ACCEPTING FROM VESSEL VOY NO SPORE JEDOAH (VIA JED) S TON H BURG A WERP HAVRE WEST MALAYSIA LUDWIGSHAFEN EXPRESS 11/301 15/1 24/1 30/1 2/2 s/2 7/2 9/2 Port Kelang. Penang FRANKFURT EXPRESS 71/102 19/1 2 5/2 8/2 6/2 Paslr LEVERKUSEN EXPRESS 16/302 22/1 31/1
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      590 34 FCi i Breakbulk Service to: AFGHANISTAN M&M Afghanistan Ltd., Sole Foreign Forwarder in Kabul for all services C.I.S.- Vostochny, Vladivostok, Moscow, Tashkent, Kiev, Minsk, Riga, Baku, Irkutsk, Alma Ata North Korea Vietnam Mongolia Hungary CSFR Poland FULL CONTAINER SERVICE TO NORTH/WEST AFRICA FEEDER VESSEL ETA SIN NED ASIA V.2493 18/1
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      1223 34 NORASIA NORASIA PRINCESS 9401-3 14/02 02/02 05/02 06/02 06/02 07/02 08/02 09/02 10/02 11/02 I NORASIA SUN 9402 3 20/01 09/02 12/02 13/02 13/02 14/02 15/02 16/02 17/02 18/02 I NORASIA PEARL 9403 3 27/01 16/02 19/02 20/02 20/02 21/02 22/02 23/02 24/02 25/02 I ARABIAN SEA 404W 02/02 23/02
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      1743 35 K STRAITS SHIPPING PTE LTD 10 Hoe Chiang Road #11-01 Keppel Towers Singapore 0208 Tel: *****88 Fax: *****17 JfrfeA new guinea pacific um JgCEP (A SERVICE OF CHINA NAVIGATION CO) ACCEPTS CARGO DUE SMLS RAJAH BROOKE VO2E Muara. lab KK 13-14 lan 15 Jan 16 lan ret. LCL CONTAINER ANO
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      2526 35 SINGAPORE AGENT: I AfltQltlAf*C p&0 Containers (Singapore Agencies) Pie Ltd JL 9 10 Hoe Chiang Road #07-01 Keppel Towers. Singapore 0208 ■F, Tel: 225 2233 Telex: RS ***** PNOCSP Fax: 225 5327/222 7517 W- V CR Number: **********0Z EXPORT IMPORT VESSEL VOY "PMQ 'PICO SIM ALQ SOU ANT HOT HAM
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      558 36 GENERAL AGENT C R NO 11®2781-OOOOD ifA EKA JAYA AGENCIES TIL: *****22 (8 LINES) FAX: *****05 SAitt RCPRESENTATIVES IN CHARGE Mi CITY "ji, 2i«0«24 III! III! !■> HMB »3537a/MM243 ►TO MYANMidI/YANGON MM CONTAINER "IT SERVICE M OCEANLINES VSIVOY YANGON STOW raw 30/ i «/2 YANGON GEN. AGENT: myanmar marine CO
      558 words
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      1764 36 HANJIN SHIPPING BOOKING TEL:- *****35-237 OPERATION TEL: *****41-253 SALES TEL:- *****21-233 DOCUMENT TEL: *****71-275 fWVSI SIN IliC H*m S£ A TV* PDI FW vsi s* lIN hau. MV u mc HMUM IE NMH 024 C U/IMECT 3/2 4/2 5/2 HMg |iggMK, HAN UN HONGKONG MX 21/1 OBECT 10/2 11/2 12/2
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      1480 36 hi ix u nis m os ki s no iu c» bk mc i* mi m w «c nt can scr I t OUT 444 111 »1 2S/I »/l »/l U/l 1/2 1/2 4/2 S/2 17/2 2/3 4/2 S 3 IS/3 1( 3 17/3 11/3 l*/3 29/3 1/4 12/4 13/4
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      2098 37 II I sex: 'CALIFORNIA MERCURY 58E' eta sgp 19/01/94 II II I ARRIVING LOS ANGELES 05/02/94 IN 16 DAYS HI II I AEX: 'NEPTUNE AVENTURINE 01E' ETA SGP 19/01/94 II II I ARRIVING NEW YORK 12/02/94 IN 23 DAYS HI EXPORT TO: KW/PHW IMMM CAUTO/HUA fXMWSS (SCX) TO: USWC US
      2,098 words
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      1156 37 A MULTILINE SHIPPING PTE LTD W (a member of SINSOV Group) CR NO: **********0 C ENQUIRIES: *****33 BOOKINGS: *****64, *****51, *****31, *****13 BALTIC: INWARD *****97 OUTWARD *****10 T/S *****10 A BLASCO: INWARD *****65 OUTWARD *****28 T/S *****46 FESCO: BOOKINGS *****06 DOC *****07 MARINE INSURANCE: *****87 INVENTORY: *****59 AGENTS: KL: 03-*****75/697
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      1519 38 w «t AS AGENTS: "I" LMI (SMCAPORE) PTI LTD (CS Mo: C*****0000N) TEL: *****77 TELEX: KAWAKI R*****5 FAX *****16/7/8/9 I W V IkT MALAYSIA: "I" LMI MAUTM (MALAYSIA) SON BHO B B TEL: SA *****00 PK *****75 PEN *****0 JB *****1 PGU *****5/6 I INDONESIA: P.T. SAAANA LAUT MTBUIUSA. TEL:
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      997 38 PHILI OniCNT LIN€S PT€ LTD 108 Robinson Road #07-00 GMG Building Singapore 0106 1 Tel: *****22/*****69/*****00 Telex: RS ***** Fax: *****76/*****38 A MEMBER OF THE SINGAPORE FREIGHT FORWARDERS ASSOCIATION I AUSTRALIA/NEW ZEALAND/SOUTH PACIFIC FCL/LCL SERVICE 20 JAN SYDNEY. MELBOURNE. BRISBANE. FREMANTLE 19 JAN AUCKLAND, WELLINGTON, LYTTLETON, NEW PLYMOUTH. NAPIER. CHRISTCHURCH
      997 words
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      1006 39 aagfW PACIFIC INTERNATIONAL LINES (PTE) LTP\ 140 Cecil street, #03-00 PIL Building, Singapore 0106. I I CR NO: **********06 I urceci vov SM ikk «|M VESSEL VOY SIN JUT SIN clUmuc H it/, MAJAPAHIT 4121 IS/1 IS/1 23/1 SINO MARINE 30N IS/1 IS/1 21/1 BUNQA TERATAI 4533 IS/1 21/1 25/1
      1,006 words
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      1398 39 «SStLS VOY SW HAMBURG ROTTERDAM ANTWERP THAUS It HARVE VftU K VESTA 7431W U/Ol 11/0? 13/0? M/»2 15/0? 16/02__ WILE DC lIT ANA 9331W 27/01 19/02 21/02 22/02 ?3^o? M/ 02 ADAM ABRAHAM 7132W 03/02 26/02 Z*/02 29/02 02/03 03/03__ TOKYO EXPRESS 9532W 03/02 04/03 06/03 01/03 Q»/03 10/03 I
      1,398 words
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      409 39 BSA n. M MYANMA IBHBk FIVE STAR LINE (Myanmar National Line) Loading for Yangon (Rangoon) S'pore P Kit Pen P.Gdj HPA-AN Vl99* 24/26 lan 21/23 lan AVA VI27W 14/17 l*i PAGAN V2OSW 24/27 lan MALAYSIA AGENTS. BOOSTEAD SMffWG AGENCES *11 TEL 03-*****00 PKL TQ 03 -36M767 PEN: TEL 04 *****5
      409 words
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      2690 42 ge lz rr\crn SIMCAPOKE'S GENERAL AGENTS T «*W* 275LTL1?,*00 SSLk tat Ketaor- 3H1106 A T\ICO is£.«li7 E^T-wii 1 AIJN tK (mniimnnm> t"»«■ a**!s*»j MMUtt-226 1900 Mm Urn: NrtKtim- W285 5 T T ITT C BOOKING* 226 1133 I I I/L 226 1942 INDONESIA'S AGENTS y 1 1 1 L J
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      671 43 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 18/1 FELIXSTOWE/UK 17/1 BARCELONA/SPAIN 17/1 LEHAVRE/FRANCE 17/1 GENOA/ITALY 17/1 ANTWERP/BELGIUM 17/1 LOS ANGELES/WC/IPI 16/1 SYDNEY/MELBOURNE 19/1 NEW YORK/EC 17/1 FREMANTLE/ADELAIDE 16/1 VANCOUVER 1771 BRISBANE 1571
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      Page 43 Advertisements Column 2
      1036 43 ■>»« 1 I 3 VCBSgL vessel vov sin pew >| CHAIYA BHUM 34S __Fri ln_Pt_ _Tua_ _I|/1_ DEJA BMUM 4509 Fri In Pt~ Sal I Is7l~ VESSEL VOY SIN BKK ■HATH* BHUM ttS _Sat 15/1_ Wad 19/1 TMANA BMUM 11N Fri In Pt Sun 19/1 VIRA BHUM 03M Fn In
      1,036 words
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      Page 43 Advertisements Column 3
      709 43 Guaranteed Sailings tu: BANGKOK LAEM CHABANG JAKARTA PORT KELANG •HO CHI MINH MANILA CEBU •SURABAYA PENANG HONGKONG We also serve other ports: USA, EUROPE, CHINA AND ALL DESTINATIONS pi DONGNAMA LINE COHTjUNTOWgP SERVICE STmAITE/BLW/INC/B—l VESSEL l_ »6 (*6 81*1 B» KC SMONK TRMia V4OIN N/1 22/1 21/1 2«/ l 4/2
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      1739 44 pjkBMN CONTAINER LINES FfVS/VV-lAgMlto: MAC-NELB SPORE: *****22 (24 LINES) LJ \y 1 11l SIBU (064) *****9 KUCHINQ (082) *****3 PENANQ; (04) *****6 BANGKOK (662) *****67 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 SIN 14/1 15/1 16/1
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      194 44 SEAWARD SHIPPING AND TRADING CO (S) PTE LTD n* it* n* sran rwT kuwk kiung Bit! lAOC It Pt loading lor Malt RUVMHUDHU 04 1.-94 Onctiir|>fi( and loading tot Bombay DOtPHM 28 194 loading Fof Maif nom* sumac »/l/94 loading Fof Mai« UMMEEOH 77/1/94 loading For Mai» PtOGMSS IKK IT
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      978 44 O THONG SOON UNES PTE LTD I 78 SHENTON WAY #10-01, SINGAPORE 0207 I VV W TEL: 227-5088 FAX: 227-6011 I I y_ TLX: RS ***** CARRIER, RS ***** JENHOL CABLE: TOSOCO I SINGAPORE TO SARAWAK VESSEL VOT SPORE lEST VESSEL VOT SPORE |PEST EQUATOR JADE 100/4E 15 JAN KUCHING
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      796 45 WgV'EVERETT ORIENT LINE" JAPAN/BAY OF BENGAL/JAPAN SERVICE kCCEPTHG BREAKBULK SOC CAHGOES TO, mOM KOBE, YOKOHAMA. NAGOYA. MOD. TOKYO*. MANIA* OAVAO*. Pen an i* P. Kelanj Sinfapore E'Msia* IVYEVERETT V7E 25/26 Jan KARABIEVERETT VISE 31/01 Feb 02/03 Feb 07/08 Feb KAMALEVERETT Vl9€ 14/15 Feb 16/17 Feb ACCEPTING BttAKBUU/FCL SOC CARGOES TO/FROM
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      396 45 Bt GLORY NAVIGATION GROUP REGULAR LINER SERVICE TAIWAN TO SINGAPORE ASEAN DIRECT WEEKLY TO PORT KELANG/PENANG •AT ATTRACTIVE RATES* CR NO: **********0W SP PKL PNG KAO GLORY SELATAN VI 29/1 1/2 7/2 16/1 GLORY SELATAN IX 24/1 27/1 2/2 10/1 SP PKL HCM HK KAO GLORY SELATAN VII 2/1 4/1
      396 words
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      529 45 jdk PAKISTAN NATIONAL SHIPPING CORPORATION KARACHI BREAKBULK A CONTAINER SERVICE VESSEL WY KARACHI SjjjOßW 133-HW 03/0? 12/02 KAGHAN 106HW 12/02 22/02 MAKMN 145-HW Qt/03 It/03 BOIAN 139HW 12/03 21/03 FAR EAST CONTAINER SERVICE ONLY VESSEL*" VOr" "siW BSD OS* WAG TOK Mgjgjjj 144 ON 22/01 2</01 04/02 12/02 15/02 K/02
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      491 45 FORTNIGHTLY DIRECT CONTAINER SERVICE SIN TO DURBAN/ P. ELIZABETH VESSEL SIN DURBAN P ELIZABETH JIAN HE/SO 26/01 09/02 27/02 HUIHE/102 11/02 24/02 14/03 VI HE/96 26/02 09/02 27/02 ACCEPTS CARGO TO IOHANNESKJRG PRETORIA VIA DURBAN BOOKING AGENT FOR COSCO SIN TO MADRAS VESSEL SIN MDS SIN SEA DRAGON V SDRI2W
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      210 45 SfN FAR EAST 18/01 KEELUNG/KAOHSIUNG 22/01 BANGKOK 16/01 MANILA/CEBU 16/01 JAKARTA/BELAWAN/SURABAYA 17/01 PORT KELANG/PENANG/E. MALAYSIA 16/01 BUSAN 16/01 TOKYO/YOKO/KOBE/NGO/OSA 16/01 HONG KONG S|N CHINA 16/01 GUANGZHOU/HUANGPU/SHENZHEN FUZHOU/XIAMEN/SHANTOU/SHEKOU DALIAN/SHANGHAI/XINGANG TIANJIN/QINGDAO/HAIKOU also accepting LCL cargo S|N EUROPE/UK 18/01 LDN/FLX/LVP/SOU 18/01 RDM/HAM/ANT/LEH/GOA/OSL/GOT/BCN also accepting cargo to Austria/ Hungary/Romania/Poland/Bulgaria/Czech. SIN USA/CANADA 16/01 LOS ANGELES/NEW
      210 words
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      752 46 HONG KONG/CHINA 19/01/94 JAKARTA 16/01/94 BAN6KOK 19/01/94 MANILA 16/01/94 BUSAN 19/01/94 KEELUNG 18/01/94 TOKYO/KOBE 16/01/94 KAOSHIUNG 22/01/94 POBT KELANG/PENANG 17/01/94 YOKOHAMA 16/0V94 COLOMBO 17/01 FELIXSTOWE/HAMBUBG 17/01/94 MADHAS 20/01 BOTTEBDAM/LE HABVE/ANTWEBP 17/01/94 BOMBAY/KARACHI 17/01 BABCELONA. MABSEILLES. GENOA 24/01/94 CHITTA6ONG 16/01 LAX/NYC 16/01/94 SYDNEY/MELBOUBNE 20/01/94 CMT LINER EXPRESS AGENCIES PTE LTD tMsfflll
      752 words
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      419 46 y Conform CONTERM FREIGHT (F.E.) PTE LTD. FELIXSTOWE 17TH JANUARY PENANG 21 JAN JAKARTA 16 JAN PORT KLANG 20 JAN MELBOURNE 20 JAN SYDNEY 20 JAN FREMANTLE 16 JAN ADELAIDE 20 JAN AUCKLAND 26 JAN 'ACCEPTING TO ALL SCANDINAVIA PORTS BOMBAY 17 JAN CHITTAGONG 16 JAN TEL: 323 4200 (KATHLEEN/
      419 words
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      Page 46 Advertisements Column 3
      492 46 Next Week's Sailings Singapore I T —m FIRST FORW ARDER IN To: EID lo: ETD asia awarded Singapore Singapore 'SO BY LRQA EVERY EVERY Bangkok SUN Jakarta SUN £i2i EVERY EVERY Manila SUN Ho Chi Minh FRI ({TO) S! JL EVERY EVERY L'sSd Colombo TUE Limassol THUR M A MTERNATIONAL
      492 words
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      119 46 m NIPPON EXPRESS Arrow International (Worldwide Consolidation System) WEEKLY TO: TOKYO/YOKOHAMVNAGOYA/KAOSHIUNG/ HONG KONG/BANGKOK/KEELUNG/KOBE/ LOS ANGELES (LONG BEACHVNEW YORK/ CHICAGO/SYDNEY/MELBOURNE/HAMBURG/ FELIXSTOWE/ROTTERDAM/DUSSELDORF WE ALSO DEAL IN FCL CARGO WORLDWIDE ARROW EXPRESS (SERVICE TO MALAYSIA) MALAYSIA TRUCK CONSOLIDATION Depart Singapore DAILY to K.L. BANGI. SHAH ALAM ARROW EXPRESS BONDED CONSOLIDATION Depart Singapore every
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      Page 47 Advertisements Column 1
      1307 47 f CRYSTAL FREIGHT SERVICES PTE LTD TEL NO: *****88/*****88 jTft FAX: *****88 J®* mumhto amuaa/netrmi* warn RAWfiKOK IR/1 AUCKLAND 26/1 ANTWERP 17/1 riisan 17/1 ADELAIDE 20/1 FELIXSTOWE 22/1 SnwnKONft IQ/1 BRISBANE 17/1 HAMBURG 17/1 lAKABTA 18/1 FREMANTLE 21/1 ROTTERDAM 17/1 Surabaya ia/i MELBOURNE 20/1 KEELUNG W SYDNEY 20/1 KAOHSIUNG 21/1
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      Page 47 Advertisements Column 2
      192 47 /gjx CEYLON SHIPPING CORPN vfiS) National line of Sri Lanka FULL CONTAINER SERVICE »osa I«w si cio kh w cai ECTASIA FHWCESS >401 3 12/01 17/11 NOKASIA SUH >402 3 18/01 24/01 ItU Kill* *****1 12/01 2S/01 23/11 tt/01 wui di vesta 7«3ie ia/ei 22/01 ai/oi 02/02 mi kmm nam
      192 words
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      Page 47 Advertisements Column 3
      264 47 rCONDOR LINE! SEMI-CONTAINERISED SERVICE EASTBOUND SCHEDULE N0.22 PORTS VOY MONTEVWCO BUENOS DURBAN JAKARTA SINGAPORE TMONG KONOI KAGOSWMA YOKOHAMA wmu AIRES"' 2 PAVLOORAO EBQS SAAXO SAILED SAILED 10 11/01 0708/01 17/01 2129/01 31/01 PETROOVORETS EBO6 SAfcEO SAILED 11/01 T/S Spof 26/01 31/01 06-08/02 14 15/02 OEKARRtST EBO7 30/01 31/01 08/02 22/02
      264 words
  • Page 47 Miscellaneous
    • Miscellaneous
      Page 47 Miscellaneous Column 1
      173 47 TODAY'S TIDES (height in metres) HOUR OOOO 0100 0200 0300 0400 0500 0600 0700 0800 0900 1000 1100 1200 1300 1400 1500 1600 1700 1800 1900 2000 2100 2200 2300 JR 2.4 2.6 2.6 2.4 1.9 1.4 1.1 1.0 1.1 1.4 2.1 2.8 3.2 3.2 3.0 2.5 1.9 1.3 0.8
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    • Miscellaneous
      Page 47 Miscellaneous Column 2
      128 47 TODAY'S WEATHER AND SEA CONDITIONS LEGEND: T *C A\ ty ttui-U Weather _X Wrtd direction with speed »> knots Wove h^t Cloudy Sky vm4i Oft nAcotid ky owi "kidi Hy wrrti tW w>d O tul crcie represents cakn or kght and vonobte »n<h i_» One holt Heche represents 5 knots
      128 words
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      Page 48 Advertisements Column 1
      394 48 VIGOUR PACIFIC LINES NORTH PHILIPPINES FULL CONTAINER SERVICE VESSEL VOYAGE SINGAPORE MANILA VIGOUR PACIFIC 9403N 14/01/94 22/01/94 VIGOUR PACIFIC 9403 AN 17/01/94 22/01/94 ronff'tSL VIGOUR SINGAPORE 9404N 21/01/94 29/01/94 FKOMT CONTAINER SERVICE VESSEL VOYAGE SINGAPORE PORT KLANG PENANG SINGAPORE VIGOUR PACIFIC 9403N 14/01/94 16/01/94 17/01/94 PENANG JAYA 827 17/01/94 18
      394 words
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      Page 48 Advertisements Column 2
      494 48 @APPENSHIP /2\ HAMBURG V» V CONVENTIONAL ft INDEPENDENT LINER SERVICE EUROPE TO SOUTH EAST ASIA AND FAR EAST VESSELS LOADING PORTS DISCHARGE, LOAORG FOR FORUM WIND PORT SAID 1.1.94 SPORE 18/01 BKK 24/01 RIMBA MERANTI SPORE 20/01 LORELEY PORT SAID 29.12.93 SPORE 22/01 BKK 23/01 KOALA CONTAINER LINE STORE FIX
      494 words
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      Page 48 Advertisements Column 3
      310 48 i. cosco UKC CONVENTIONAL SERVICE VESSEL PKL PNG P Q. 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 COWTAIMER SERVICES (FCL/FCL) EXPORT TO: CHINA/BANGKOK/HONGKONG EUROPE/CONTINENTAL WEST MEDITERRANEAN AUSTRALIA US WEST COAST PERSIAN GULF/KARACHI Please refer
      310 words
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  • Page 49 Advertisements
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      Page 49 Advertisements Column 1
      987 49 jL HYUNDAI I MERCHANT MARINE CO. LTD. WESTBOUND TO EUROPE BKG: *****61 Incsstis wt |fMlna I ra I itsstis toy I Imw «n- inr him wi ml 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 940JA 17/01 11/01 20/01
      987 words
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      Page 49 Advertisements Column 2
      475 49 STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO 4 HEAVY LIFTS INBOUND VESSELS VESSEL m V lit w cosac nobler via zs/i *1 mm V 23 27/1 »/l ROBSMBI VJ« 24/1 OUTBOUND VESSELS LOIDHIC FOR TKY/StN/MM COSMIC PIONEER VS4 SIN 28/1 PK 31/1 LOADIK TOKYO DALIA ROJA V 29 BIN 5/2
      475 words
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      Page 49 Advertisements Column 3
      850 49 JEDDAH/UK/CONTTNENT ISfORE lEC S'TON KBURC RDAM LEM Ah* Accqftnf Cap for LUDMCSHAFEN EXTKESS 11/301 IS/1 24/1 2/2 7/2 5/2 9/2 Swthmplin :toM UK dnHnalwt. BMtut aid Oubin FRANIFURT EXPRESS 71/102 20/1 5/2 A/2 10/2 R«ttord«n :to M AnhNip. Amtortan. o*. MrinU LEVERKUSEN EXPRESS IA/302 22/1 31/1 0/2 12/2 14/2 IS/2
      850 words
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