The Business Times, 11 March 1994

Microfilm: NL19089
Total Pages: 50
1 50 The Business Times
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  • Title Section
    Masthead
    16 1 SINGAPORE Business Times MITA(F) 010/12/93 Friday March 11 1994 H I. k.\ OH' ASIA 75 c
    16 words
  • 2am LATEST
    • Article
      Lock icon Dow Jones down 23.9 points
      47 1 Reuter NEW YORK Wall Street stocks failed again yesterday to escape the drag of a weak bond market and continued to trade lower at midday, analysts said. At Ipm EST, the Dow Jones industrial average stood at 3,829.49 down 23.92 points. Reuter
      Reuter  -  47 words
    • Article
      Lock icon Cable & Wireless' £1 billion investment
      55 1 Cable Wireless' £1 billion investment Reuter LONDON International telecommunications giant Cable and Wireless (C&W) last night announced plans to invest £1 billion (552.34 billion) to become a major global player in providing intelligent network services. The investment will be spread over five years and is one of C&W's biggest single
      Reuter  -  55 words
  • Article
    MARKET SUMMARY
    159 1 Stock market iadices Thursday Change STII 2,194.10 -28.75 KLSE Comp 1,046.00 -10.43 Nikkei 20,090.71 +251.53 Hang Seng 10,129.05 -95.33 SET Index 1,332.39 -26.17 Jakarta Comp 521.38 -8.99 CLSA China B 1,148.15 +0.88 Aust All Ord 2,155.1 +8.3 FTSE 100 3,233.9 -12.8 Thursday Previous 1pm dose Dow Jones 3,829.49
    159 words
  • Article
    OUB's group net earnings surge 53pc to $163 m
    760 1  -  By Alvin Tay SINGAPORE Overseas Union Bank yesterday reported a 53.4 per cent jump in 1993 group net earnings to $163.4 million, joining a long list of banks in the region with earnings growth in the high double digits. OUB, one
    760 words
  • Article
    Pidemco Land to be privatised in about two years' time
    375 1  -  By Ramesh Divyanathan SINGAPORE Propertybased Pidemco Land will be privatised in about two years' time, and is likely to be the most immediate governmentlinked company (GLC) or statutory board to be privatised among a list that the government is considering.
    375 words
  • Article
    Most regional markets close weaker
    159 1 SINGAPORE Lingering fears of interest rate rises in the US continued to take their toll on most of the region's major stock markets yesterday. In Singapore, the Straits Times Industrials Index fell 28.75 points or 1.29 per cent to 2.194.1 in thin trading. Most dealers
    159 words
  • Article
    Goodbye to Manila brownouts as power situation improves
    381 1  -  By S N Vasuki SINGAPORE The Ramos administration has achieved a turnaround in the country's power situation. Brownouts in Manila and the surrounding Luzon region are expected to be a thing of the past from this year due to substantive increases in
    381 words
  • Article
    Property watchers expect re-rating of landed real estate
    771 1  -  Fierce bidding on day two ofURA land auction By A J Leow SINGAPORE Property watchers said prices of landed real estate ma> see a re-rating after yesterday's state auction which saw prices of land for 99-year leasehold bungalows and terrace houses chased
    771 words
  • Article
    Lock icon Clinton not quitting: White House
    80 1 Reuter WASHINGTON The White House said a reported rumour that President Clinton would resign was wrong. "The President's not resigning." Ginny Terzano. a White House spokeswoman, said on Wednesday. "We have too much work to do." The rumour was obviously fuelled by the controversy surrounding
    Reuter  -  80 words
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      205 1 I ASIA'S No. 11 I COMPUTER PRINTER I I RIBBON MANUFACTURER I CONTENTS News Ctupiiits Spore News 2 SpweJffsa 17 20 Regional News 3.4.5 Financial 23.24 World News 6.7 Features Markets Analysis 15 Oob'KlSf. S£S 28 30 Edrtofial 14 Regional _.J6 Sports 9 World 27 TV/Lrtestyte 11 Currencies .24 World
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      Page 1 Advertisements Column 2
      42 1 Advertising: Pg 12 DDB's commitment to be creative In Personal Finance Investment, Business Times, tomorrow: Unit trust managers act to defend last year's gains against this year's uncertainties Teck Wah public offer: An assessment New Malaysian guidelines on share transactions. Page 18
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      15 1 f Hock Lock Siew: pg 17 1 1 Jakarta bourse IPOs Parliament reports, Page 2
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      23 1 Full reports, Pages 26-30 This is the first report in Business Times occasional series on Asian infrastructure. See Page 15 for the analysis
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      Page 1 Advertisements Column 5
      121 1 Xuw The Bottom Line: Pg 16 A disintegrating world Tel: 250 8070 Fax: 250 8471 'Hi v H i i t aiaphp— «mO4T()W im l*H R (4AV IH I•I <« fc« PUu IH ?M|2ft* 545 V-** IH IH TMIVW Jr4 WJMi* MV< lrl 11* M M..WI Irartr rwrr lrl I«WT
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  • SINGAPORE NEWS
    • Article
      Regional drive hinges on returns, not ethnic ties, says Jayakumar
      286 2 fORIICN AFFAIRS Yesterday in Parliament RETURNS on investments should be the basis for deciding where to invest, and not ethnicity. Foreign Affairs Minister S Jayakumar said in Parliament yesterday. Responding to Foreign Affairs GPC chairman Bernard Chen, Professor Jayakumar said
      286 words
    • Article
      No penalties for mistakes in Ist few months of GST: Dr Hu
      328 2  -  FINANCE Reports bv Chuang Peck Ming and Ramesh Divvanathan FOR THE first six months or so, businesses will not be penalised for making mistakes when they pay the goods and services tax which comes into cfTect on April
      328 words
    • IN BRIEF
      • Article
        Dr Hu rules out extension of GST to all expenditure
        102 2 THli government will not extend the Cioods and Services Tax to a full-scale expenditure tax. Finance Minister Richard Hu said. While such a tax was appealing because it could do what the GST did without being regressive it would be
        102 words
      • Article
        S'pore's real rate of tax lower than Hongkong's
        110 2 THOUGH Hongkong's tax rate is lower, the average Singaporean actually pays less tax than an individual in the colony. Singapore's average effective tax rate for Year of Assessment 1991 was 7 per cent, compared with 8.9 per cent in Hongkong in the
        110 words
      • Article
        No tax breaks on interest for clan groups
        104 2 CLAN associations, though they played a useful social role, could not enjoy tax breaks for interest income. Dr Hu said. "It'll be difficult for us to give special privileges to particular groups because every other group would also ask for the same
        104 words
      • Article
        Compulsory education won't stop dropouts
        116 2 COMPULSORY education was not the answer to the problem of dropouts from school. In any case, this was a problem on the decline. Education Minister Lee Yock Suan said. Germany and Britain still had higher school dropout rates, though they had compulsory education, he said.
        116 words
      • Article
        Girls lose out in mixed classes at school
        95 2 PLACING boys and girls together in mixed classes at school undermined the performance of girls in subjects such as science and mathematics. Nominated Member of Parliament Kanwaljit Soin said. The reason for this was that teachers tended to pay more attention to
        95 words
    • Article, Illustration
      Mobil chief reveals US$ 300m plan to upgrade refinery
      446 2  -  By Lilian Ang OIL major Mobil plans to upgrade its Singapore refinery in the next lew years by investing in projeets which, by one estimate, could cost between USS3OO million (***** million) and LSS4(M> million. Mobil Corporation chairman Lucio Noto said:
      446 words
    • EYE on the ECONOMY
      • Article, Illustration
        Growth likely to remain slow
        318 2  -  By Anna Teo THE latest building starts numbers do not portend well for the construction sector the sector is likely to see continued slow growth for much of this year. Urban Redevelopment Authority figures show that the volume of buildings started shrank 4.3%. against a
        318 words
    • Article
      URA sites for heavy vehicle parks up for auction
      226 2 THE Urban Redevelopment Authority is offering for auction seven parcels of land for developing heavy vehicle parks. The seven lots are in Old Toh Tuck Road. Kaki Bukit Road 2 and Upper Changi Road East. The auction will take place on
      226 words
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      530 2 Many internationally famous faces have turned towards India. Its time you took a good look. CANEXPjgP India's First Ever Emerging Industries Fundj As India hastens the pace of its economic reforms package, of double digit inflation that was prevalent two years ago having been brought moving almost irreversibly towards a
      530 words
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      20 2 Quality Buyers In 29 Countries Use It Call Now: Tel: 334 1960 Fax: 334 1959 Corporate Communications Consultants Pta Ltd
      20 words
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  • SOUTH-EAST ASIA
    • Article
      Cambodia invites bids to build its first modern power plants
      413 3  -  By Harish Mehta SINGAPORE More than two dozen international firms are competing to win lucrative contracts to build Cambodia's first two modern power generation plants, and refurbish an existing one. Ith Praing. Cambodia's undersecretary of state in the Ministry of
      413 words
    • Article
      Lock icon Thailand likely to remain on Washington's trade watch list
      390 3 US State Department imposes sanctions on 3 Thai firms Bloomberg Business News BANGKOK The United States ambassador to Thailand. David Lambertson. said the US is likely to keep Thailand on its trade watch list after a review of intellectual property rights
      Bloomberg Business News  -  390 words
    • Article
      Lock icon Asset sales net 27b pesos for Philippine govt
      138 3 AFP MANILA The Philippine government raked in 27 billion pesos (SSI.S billion) by selling oIT government assets in the first two months of this year. Committee on Privatisation (COP) spokesmen said yesterday. The amount is close to the 29 billion pesos collected
      AFP  -  138 words
    • Article
      Lock icon KL offers London way out of ban but UK official says no
      328 3 AP. Reuter KUALA LUMPUR Malaysia's government has decided on the steps Britain must take before Malaysia will call ofT a ban on awarding government contracts to British firms. The Star newspaper yesterday quoted Defence Minister Najib Abdul Razak
      AP.; Reuter  -  328 words
    • ASIA NOTES
      • Article
        Lock icon Philippine inflation seen hitting 12pc
        91 3 Reuter MANILA Inflation in the Philippines may hit 12 per cent over the next few months following salary increases for government workers. Economic Planning Secretary Cielito Hahito said yesterday. The year-on-year inflation rate shot up to a two-year high of 10.5 per cent in February
        Reuter  -  91 words
      • Article
        Lock icon LDP delays arrest of ex-minister
        97 3 Reuter I OKA O Japanese prosecutors, poised to arrest an ex-Con-struction Minister in a bribery and bid-rigging scandal, were forced to bide their time yesterday as Parliament agonised over whether to appro\e the move. Irate Opposition lawmakers, members of the Liberal Democratic Party (LDP), held
        Reuter  -  97 words
      • Article
        Lock icon M'sian tourism campaign paying off
        107 3 Bernama KUALA LL'MPL'R The encouraging rate of tourist arrivals during the first two months of Visit Malaysia Year '94 is a good sign that the second campaign to attract tourists on a large scale will be a success. Culture. Arts and Tourism Minister Sabbaruddin Chik
        Bernama  -  107 words
      • Article
        Lock icon Viet farm imports from US seen rising
        49 3 AP WASHINGTON American agricultural exports to Vietnam could eventually reach USS3OO million (***** million) a year, according to a US Agriculture Department report that followed the lifting of the trade embargo on that country. Vietnam's 1992 agricultural imports totalled USS2I3 million. AP
        AP  -  49 words
    • Article, Illustration
      Lock icon Hanoi gets first taste of expressway culture
      64 3 AFP HANOI A truck passing under an banner announcing the opening of the expressway linking Hanoi to Noi Bai international airport, north of the city. Traffic on the six-lane highway, which was opened yesterday, was light, with many farmers on heavily laden bicycles
      AFP  -  64 words
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      213 3 YOU DRIVE YOUR COMPANY TO THE HIGHEST STANDARDS^ ...SO DO WE. The moment you step out from the boardroom and into the Citroen XM youii realise that here is driving pleasure without compromise. Exacting standards begin with I4sbhp of power at your 2.0 Turbo or 70bhp in a 3.0 V
      213 words
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  • CHINA/HONGKONG/TAIWAN
    • CHINA WATCH
      • Article
        Lock icon China's industrial growth dips
        91 4 Reuter BEIJING C hina's industrial growth rate fell in February from the January level, with output of state firms growing much slower than that of non-state companies, the State Statistical Bureau (SSB) said. Ihe C hina Business linn s quoted the SSB as saying industrial output
        Reuter  -  91 words
      • Article
        Lock icon Taipei fears firms' exodus to mainland
        78 4 AFP a TAIPEI Economics Minister Chiang Pin-kung yesterday reiterated his fears that more Taiwan firms would move their bases to China if the government continues to ban direct shipping links with the mainland. Mr Chiang told members of parliament in a meeting that since
        AFP  -  78 words
      • Article
        Lock icon Call to cut China's industrial accidents
        55 4 AFP BEIJING A top Chinese government official has called for a nationwide safety campaign after a horrific toll in deaths from industrial accidents last year. China Daily said yesterday. More than 60.(XK) workers died in thousands of incidents across the country between January and
        AFP  -  55 words
      • Article
        Lock icon Taiwan seeks venture to launch satellite
        51 4 Reuter TAIPEI Taiwan wants to cooperate with "friendly countries" to launch a communications satellite which the partners would own and use jointly. Communications Minister Liu Chao-shiuan >aid yesterday. Mr Liu told parliament that talks were underway with several countries, which he declined to name.
        Reuter  -  51 words
    • Article, Illustration
      Lock icon Big splash under fire
      51 4 AFP HONGKONG This is Hongkong's first world-class 40.000-seat sports stadium. It cost US$lO9 million (*****.5 million) to build. The Hongkong government, flush with more cash than it knows what to do with it, has come under fire for today's flamboyant opening day gala, costing L'Ssl.3 million
      AFP  -  51 words
    • Article
      Lock icon Beijing has no military or political ambitions, assures Li Peng
      426 4 Reuter APF BEIJING Vowing China will remain a "reliable force" for world peace. Premier Li Peng yesterday said that Beijing had no ambitions to match its growing economicstrength with increased military or political clout. Mr Li. in his keynote speech
      Reuter; APF  -  426 words
    • Article
      Lock icon Li Peng focuses on danger points in economy in parliament speech
      352 4 Reuter BEIJING China's Prime Minister Li Peng, in his keynote speech to parliament, reflected the national leadership's growing concerns about danger points in the economy, economists said yesterday. In a 90-minute address that opened the annual meeting of the
      Reuter  -  352 words
    • Article
      Lock icon China's budget deficit likely to hit 67b yuan this year
      194 4 Knight-Ridder HONGKONG Chinese Finance Minister Liu Zhongli is likely to forecast a budget deficit of around 67 billion yuan (SSI2 billion) this year, compared with a shortfall of 20.5 billion in 1993. The South China Morning Post newspaper yesterday said
      Knight-Ridder  -  194 words
    • Article
      S'pore's R1 spending US$ 53m for control of big China manufacturer
      307 4  -  By Lee Han Shih SINGAPORE A Singapore company will today take over the biggest cigarette paper maker in China as well as a large tract of land in the eastern. scenic city of Hangzhou. The company is Representations International
      307 words
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      391 4 II Dent be left out.. i Invest in (Mia now. 1 Cyi China today is one of the fastest growing economies offered at a price of Sl.OO per unit. Apart from the in the world. Notwithstanding some signs of the potential capital appreciation of the Fund, you will Pj economy
      391 words
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  • REST OF ASIA
    • Article
      Lock icon Aussie firms' earnings tipped for 20pc rise
      364 5 Reuter SYDNEY Australian corporate earnings, already at record levels, rose sharply in the first half of 1993/94, paving the way for a 20 per cent rise in annual profits, analysts said yesterday. As the half-year reporting season draws to a close, a number
      Reuter  -  364 words
    • Article, Illustration
      Lock icon I made it!
      45 5 AFP TOKYO Tokyo University is one of Japan's most prestigious institutions. Each year, hundreds of students apply to be admitted into its hallowed halls. But only one in three make it through the stringent entrance examinations. This is one of them. AFP
      AFP  -  45 words
    • Article
      Lock icon Optimism as Aussie jobless rate holds steady at 10.5 pc
      265 5 AFP SYDNEY Australia's jobless rate was unchanged at 10.5 per cent in February despite a marked rise in fulltime employment. data released on Thursday shows. The new figures underscore the strength of economic recovery. say analysts. The total number of
      AFP  -  265 words
    • Article
      Lock icon India securities regulator to allow modified forward stock trading
      388 5 Knight-Ridder BOMBAY The Securities and Exchange Board of India has decided to permit a modified version of forward trading on India's four major bourses, but it has not said when. Forward trading was banned in December. While the regulator's decision cheered
      Knight-Ridder  -  388 words
    • Article
      Lock icon Japanese financial reports conceal more than reveal
      238 5 Reuter TOKYO Investing in Japanese equities is a bit like entering into an arranged marriage on the surface you know what you're getting into but the finer points are a mystery, analysts said. This is especially true at this time of year as
      Reuter  -  238 words
  • Page 5 Advertisements
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      136 5 Guests At Raffles Will Soon Be I Immersed In j Ghampagne. I The elegant chateau, o the innovative 4 J 1 j cuisine, the'ordinary drink of kings and princes*. From the 14th to 18th March, 1 guests at Raffles Grill will be able to soak up 1 1 Ball that
      136 words
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      103 5 Cycl* A Carriooe Automotive Pie Ltd. 253 Aiexondro Rood. <in|f nr» 0919. Ms *****99. Dealer Fufce Enterprise*, 95 Soo CKow Walk Singapore 2057 W *****01 Newton Auto Pte ltd, ?75 TKomwn Rood «0' 01/02 No«ena Ville Smqapore 1130 Tel *****77 Chartered Motor Credit Mo lid, 212 Woi Kurou Hood *01
      103 words
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  • THE WORLD
    • WORLD WATCH
      • Article
        Lock icon German inflation down to a crawl
        80 6 AFP WIESBADEN. Germany West Germany's consumer price index rose by 0.3 per cent in February from January and by 3.4 per cent on February 1993, according to figures published by the federal statistical office yesterday. Original estimates of inflation in the four main states
        AFP  -  80 words
      • Article
        Lock icon Gas firm may take Ukraine to court
        93 6 Reuter MOSCOW Russia's giant gas company Gazprom may take Ukraine to the "international court" if Kiev does not start paying for supplies, the Izvesiia newspaper said yesterday. Gazprom has cut shipments to cash-strapped Ukraine in the past week in an attempt to force
        Reuter  -  93 words
      • Article, Illustration
        Lock icon Enter the dragon
        97 6 AFP WASHINGTON Half a world away from their rainforest habitat, Komodo dragons are reproducing for the first time outside Indonesia in what is seen as a major step towards understanding the world's largest and most dangerous lizard. The National Zoo's breeding programme has produced more than 50
        AFP  -  97 words
      • Article
        Lock icon Recovery not lifting consumer mood
        92 6 Reuter BRUSSELS Economic recovery is dawning for European Union industrialists, but consumers remain stuck in the deep night of recession. "The key economic climate indicators are showing a slightly upward trend, and the level of pessimism in industry has again declined in 10 of the
        Reuter  -  92 words
      • Article
        Lock icon Russian miners on strike
        72 6 Reuter MOSCOW Russian coal miners staged strikes in some areas yesterday and protests over delays in salary payments could spread, a spokesman for the miners' independent trade union said. He said about 90 miners in the far north Vorkuta region were staging an underground protest and
        Reuter  -  72 words
    • Article
      Lock icon Economic indicators show inflation in US kept in check
      500 6 Bloomberg Business News Reuter WASHINGTON The US inflation isn't about to accelerate sharply, and several economic indicators prove that, according to Laura D'Andrea Tyson, head of the Council of Economic Advisers. The US will see 3 per cent inflation as measured
      Bloomberg Business News; Reuter  -  500 words
    • Article
      Lock icon Moves to censure India, China on human rights fizzle out at UN
      375 6 Reuter GENEVA The United Nations Human Rights Commission condemned abuses in countries around the world on Wednesday, but politically contentious resolutions against China and India fell by the wayside. Wrapping up its 50th annual session, the 53-member body
      Reuter  -  375 words
    • Article
      Lock icon US okays Bill to pry open foreign financial markets
      254 6 Bloomberg Business News WASHINGTON The House Banking Committee on Wednesday approved legislation aimed at prying open foreign markets for US financial firms. The measure, which was passed without dissent, says that foreign countries must give US financial firms the same opportunities
      Bloomberg Business News  -  254 words
    • Article
      Lock icon Fed policy-makers sceptical of currency intervention as far back as 1988
      390 6 Bloomberg Business News WASHINGTON Federal Reserve policy-makers began doubting the wisdom of intervening in currency exchange markets as long ago as 1988. according to transcripts of Federal Open Market Committee meetings. Transcripts from 1988 meetings of the FOMC. which
      Bloomberg Business News  -  390 words
    • Article
      Lock icon EU puts more weight on efficiency in deciding merger cases
      369 7 Reuter BRUSSELS The European Commission is changing the emphasis of its merger rules. In future, when vetting mergers in the European Union, the firm's potential economic efficiency will take precedence over maintaining competition in the market. "We have to make
      Reuter  -  369 words
    • Article
      Lock icon Russian parliament reassures US of cooperation with Yeltsin
      282 7 AFP WASHINGTON Russian parliament president Ivan Rybkin, sought to reassure US government officials on Wednesday that the new conservative legislature would work with President Boris Yeltsin. Unlike the previous parliament which launched a rebellion that ended in a bloodbath last October after
      AFP  -  282 words
    • Article
      Lock icon EU criticises US efforts to force open Japanese market
      351 7 AFP LUXEMBOURG The European Union yesterday criticised the United States for Irving to impose numerical export targets on Japan, but offered to work with Washington in pressing for lower Japanese trade barriers. EU Trade Commissioner Leon Brittan said US efforts to
      AFP  -  351 words
    • Article
      Lock icon Monetary chief reassures Germany on M3's reliability
      150 7 Bloomberg Business News FRANKFURT The recent unexpectedly high surge in German M 3 did not mean the Bundesbank's main money supply indicator was no longer reliable, a top European monetary official said yesterday. "I wouldn't personally be too worried about the problems you're
      Bloomberg Business News  -  150 words
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      227 6 OPTION EXECUTIVE CAR (L IT 5 The. 'Best 'Executive Car ■v V V Q Aerodynamic styling 4 disc Bosch ABS brakes 4 speed automatic transmission Cruise control v' Mil v gfr Speed sensitive power-assisted steering Dual temperature control Rear air-conditioning louvres jTViy wt lolinpoi wf" Built-in colour TV CD player
      227 words
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      199 7 I ,acK' s „,«i comb* 1 '-v-^IBIkI s Sponsored By A NEW 7EAI AND CHIILED BEEF Tark'fZ Place Haddock (Hotel Wrmmmr) Partway Parade —v jauyj /Jg Td T 32 0001 752 000* Td 344 9"-28 348 5203 C. -r^ H«*«*l r*«* to Homgmmg Orfeauij Tmmoimet L-l An, Mo lWO*r«/) Td
      199 words
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  • WORLD FOCUS
    • Article, Illustration
      Lock icon Even becoming competitive once again may not help
      1184 8 Unemployment in Europe FT PARIS When President Bill Clinton welcomes Group of Seven ministers to next Monday's jobs conference in Detroit, he will find the Europeans an especially gloomy crowd. Europe's political, business and trade union leaders agree that unemployment, now at
      FT  -  1,184 words
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      29 8 and ft a man was a And his shirt was an -S4-fFIr;^HBt? <* Except a man is still a -t man. Arrow. 3M||JbL IP'' ~s Arrow* America's J Shirtmaker j|fl
      29 words
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      Page 8 Advertisements Column 2
      160 8 Sime Singapore Limited ANNOUNCEMENT To all Shareholders Please be informed that, in compliance with a request by The Central Depository (Pte) Ltd that a two week grace period be allowed between the Conversion Deadline date for the conversion of our Company's shares to the book-entry (scripless) settlement system, that is,
      160 words
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  • SPORTS
    • Article, Illustration
      Lock icon Europeans figure heavily in Masters warm-up
      464 9 Golf AP FORT LAUDERDALE. Florida I hc first warm-up tournament for the Masters will have a decided!) European flavour. The field for the Honda Classie includes tour European stars who have combined to win five of the last six Masters Bernhard Langer of Germany.
      AP  -  464 words
    • Article, Illustration
      Lock icon Baldato overall leader in Paris-Nice cycling race
      92 9 AP SAINT-ETIENNE. France Italy's Fabio Baldato (front) won the fourth stage of the Paris-Nice cycling race on Wednesday, consolidating his overall lead halfway through the event. Baldato. who also won Monday's stage, beat his closest rivals by several lengths on Wednesday at the
      AP  -  92 words
    • Article, Illustration
      The tee shot-lady golfers
      146 9 (joII tips B\ Halfick Shem The problem: Ladies tend to hit their drives too vertically. Up and down, instead of around the body. A long club, the driver should be swung more diagonally than vertically. If vour driver hits the ground often, or vour drives flv
      146 words
    • Article
      Lock icon Not everyone envies Shaquille O'Neal
      388 9 AP SAN \NIONIO Willi IX'nnis Rodman lonitying the San \ntonio Spurs* defence and lhe team's shooting guards hitting their target, centre Dav id Rohinson says he no longer lacks the ammunition he needs to win. I he net result: San \ntonio sits atop the Midwest
      AP  -  388 words
    • SPORT SHORTS
      • Article, Illustration
        Lock icon Athletics
        142 9 UPI SM)\t\ History's fastest and most complete all-round sprinter \mencan Michael Johnson will begin Ills i|ue>t tor track and field immortality when he competes in the Xusirahan Nationals at the New Sydney Athletic Centre this weekend. Johnson's aim i< to he the tirM man in the history of" sport
        UPI  -  142 words
      • Article, Illustration
        Lock icon Baseball
        160 9 AFP AFP K)H I MYERS. Florida Michael Jordan remained hilless through spring training baseball games, luit the retired basketball stai struck back at a magazine article sayint Jordan was harming his new sport I can't see how lam hutting the game." Jordan said "I'm enjoying myself. It's a professional
        AFP  -  160 words
      • Article, Illustration
        Lock icon Basketball
        41 9 Reuter NEW NORk NBV Wednesday: \tlanta #3 NN MO; Detroit 114 New Jersev 97; Miami HO Denver XO. Philadelphia KM Orlando 117 Washington 106 Phoenix 142 Minnesota 96 Sacramento 104 Milwaukee Indiana 105; Port land 122 I tah 99 Keuter
        Reuter  -  41 words
      • Article, Illustration
        Lock icon Cricket
        275 9 Reuter AFP JOHAWhSBI Kii Vustralian team manager Cameron Battershv has decided to take no action against paccman Men I Indies lolloping a hat-swinging incident on the final da> of the first test against South \frica. Hughes was shown on Xustralian IV swinging his hat at the fence separating the
        Reuter; AFP  -  275 words
      • Article, Illustration
        Lock icon Golf
        240 9 AP Reuter KEDOINCIIO. Japan oshitaka Yamamoto overcame a dou-ble-bogey with a 69 and shared the first-round lead yesterday with Daisuke Seri/awa in the 100 million yen (SSI 5 million) Token Corpev- ration Cup golf tournament, the season-opener on the Japan P(i\ lour amamoto had seven birdies against two bogeys
        AP; Reuter  -  240 words
      • Article, Illustration
        Lock icon Ice hockey
        47 9 Reuter \h\\ NHI. \>cdiusdav: Washington 5 NN Rangers 7: Hartlord 4 I ampa Ka> I. Montreal 7St Louis 2: loronto 4 Dallas 2: algar> I IX'troit 5: Edmonton 3 Florida 5; Anaheim 0 BulVulo 3. I 0 Chicago 4; Vancouver 5 M Islanders 4. Router
        Reuter  -  47 words
      • Article, Illustration
        Lock icon Tennis
        63 9 AFP VRAC.OX V. Spain AI P tiMirnamrnt 2nd rd Wednesday: Gianluca Po//i (Itai b Eomas Carbonell (Spni 4-6 6-» 7-5. lars Rehmann (Gcr) b Christian Bergstrom (Swet 6-3 6-4. Magnus Ijrsson (Swe b Stephanc S nnan < Era) 6-4 4-6 6-4; Yc»genv Kafelnikov (Rus> b Dimitri Poliakov (L'kr) 6-1
        AFP  -  63 words
    • Article
      Lock icon All-woman team for America's Cup?
      190 9 AFP NEW YORK Kill Koch, winning skipper in the America's Cup yacht race, will assemble the first all-female crew in the event's 153-year history in hopes of defending the trophy next year. I ryouts for 16 places and six alternate berths on American's allwoman team
      AFP  -  190 words
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      Page 9 Advertisements Column 1
      106 9 Investment Auckland, new Zealand 1 W 8 Morgan St, Newmarket JllifeiEii ic£ (Tower "B") QUALITY TENANTS (INCLUDING WESTPAC AND TEGEL FOODS) LONG TERM LEASE TOTAL ANNUAL RENTALS UP TO $NZ386,050 This near new building features attractive upmarket office space, ample parking, quick easy access to motorways and city and is
      106 words
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      Page 9 Advertisements Column 2
      113 9 S S M TOLL-FREE TEL. No. 1-800-741-1883* FAX: 741-1298 ASSISTANT LEGAL COUNSEL $60,000 P.A. PMR 1571 We have been commissioned by a large international bank to identify a highly qualified and experienced candidate to fill the abovementioned position in Singapore. The successful candidate will be part of a team involved
      113 words
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  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      671 10 Si Nothing Beats A BudOF BIIfICHIWE a good reason to visit Mischief the fun pub: From SP" I to ®P fTl da«y, beer and house pouring drinks are at onty $3.50++ each. Mischief is open from 11 am to lam daiiy 4m (till 2am on Fridays, Saturdays eve P"biic holidays)
      671 words
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      Page 10 Advertisements Column 2
      213 10 UU9111V93 I WHERE TO WINE, DINE AND ENTERTAIN Livewire from the Philippines plays popular hits from 9 00 p m Happy Hours 6 pm 9 pm (Mon Sat) One for one on all standard drinks Cover charge on Friday. Saturday Eve of Public Holiday §OWW PlazaHQTE|. Irresistible Authentic!? i Economical
      213 words
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      Page 10 Advertisements Column 3
      292 10 Fancy Beijing? Then, we're delighted to suggest the Pine Court for a aHiMr memorable dining experience. x Try our Beijing specialities such as Baked Tench, Beijing Duck and Marinated Lamb and our lunch menu of Beijing dian xin. fICCFP To add to your enjoyment, fIIDO all these are well within
      292 words
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  • LIFESTYLE
    • Article, Illustration
      Lock icon Out of tune
      573 11  -  After the first rush of raves. The Piano faces a backlash. William Grimes reports William Grimes NY MORE than 2,000 years ago. Athenians went to the polls and voted to expel Aristides the Just from the city. The reason? They were siek and tired of hearing him
      NY  -  573 words
    • Article
      Lock icon An invitation he can't refuse
      300 11 CHATTERBOX Reuter AF UPI UPI THOMAS KENEALLY, who wrote the book Schindler's List. on which the film is based, had planned to take next Thursday off from the party-lecture-pre-miere circuit, but then he got an invitation he couldn't turn down. "1 deliberately left that evening
      Reuter; AF; UPI  -  300 words
    • Article
      Lock icon Roseanne kisses Burnett on People's Choice Awards show
      202 11 AP CULVER CITY. California Koseanne Arnold stamped the People's Choice Awards show with her brand of comedic individuality, grabbing fellow comedian Carol Burnett in a clinch and smooching her. The embrace mimicked her Nielsen ratings-grabbing kiss with actress Mariel Hemingway in a
      AP  -  202 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      185 11 Lounge HAPPY HOURS DAILY I fin rTVtt Draft Beer at 5.00PM 7.30PM 111 $4++ Raise a glass or two ij and at S7++ outBOTTOMS UP. Happy NAVOa S,33IHd hours'. Hours. All draft —y At these prices, beer and house- /M j j 1 1 there's even more pouring brands I
      185 words
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      Page 11 Advertisements Column 2
      295 11 ASEAN FUND LIMITED (Incorporated in Singapore) 180 Cecil Street #17-00, Bangkok Bank Building, Singapore 0106. Notice of Annual General Meeting NOTICE IS HEREBY GIVEN THAT the Fifth Annual General Meeting of the Company will be held on Saturday, 26 March 1994 at 8.30 am at Grand Hyatt Hotel, Krakatau I
      295 words
  • Page 11 Miscellaneous
    • Miscellaneous
      Page 11 Miscellaneous Column 1
      1280 11 TV RADIO Harrison Ford checks ijc,! j Paris hotel wife. She W. 8 Ift has got someone else's suitcase and promptl\ disappears. The H < cops won't take him seriously. ii so Ford must operate in for- eign territory. a gum- M/ J chew ing punkette attached to >♦ <
      1,280 words
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  • ADVERTISING & MARKETING
    • Article, Illustration
      Lock icon Keeping trim and flexible for the trapeze act
      840 12  -  Corrine Kerk talks to two DDB Needham top executives to find out what the agency is doing to beat the competition Corrine Kerk Keith reinhard, chairman and chief executive officer of DDB Needham, throws a glossy little card bearing the agency's mission
      Photo by Arthur Lee  -  840 words
    • Article
      Lock icon Kooky mix of celebrities adds pungency to Tabasco ads
      509 12 NYT TWO CAMPAIGNS, coincidentally by two Omnicom Group agencies, are offering a fresh twist on that hoariest of advertising devices, the celebrity endorsement. The idea behind both is to use people who may be known, even well known, but not known
      NYT  -  509 words
    • COPY LINES
      • Article
        Fong, Haque and Soh's new accounts
        91 12 SINGAPORE Home-grown agency Fong, Haque and Soh has started the year well, notching 53.1 million in billings from three new accounts. It is handling the launch of City Developments' Republic Plaza, a 68-storey commercial building in the heart of Singapore's financial district. The account
        91 words
      • Article
        DMB&B Tokyu adds $6.5 m to billings
        74 12 SINGAPORE Another agency that has cause for celebration is DMB&B Tokyu, which has added $6.5 million to its billings. The medium-sized agency's annual billings now stand at $25 million. The new accounts are product names for Sony International, Procter Gamble, and Swiss trading
        74 words
      • Article
        New campaign for John Hancock
        79 12 SINGAPORE DDB Needham in Singapore unveiled a new campaign for John Hancock Life Assurance, the Singapore arm of the large American financial services group. The campaign focuses on a scheme that allows clients to plan, organise and budget accurately for their child's future university education.
        79 words
    • Article
      Lock icon More companies coming clean
      851 13  -  Environmental reports containing hard information are catching on, says Stephen Powell Stephen Powell Reuter FROGS, flowers and butterflies adorning the pages of glossy brochures used to be the tell-tale sign of corporate attempts to sell a "green" image. Today's trend-setting companies have moved beyond pretty pictures
      Reuter  -  851 words
    • Article, Illustration
      Lock icon Barbie celebrates 35 th birthday
      385 13 Reuter BAR Bit turned 35 on Wednesday and marked the event by becoming a paediatrician. Mattel Ine commemorated the 35th anniversary of what it said was "the world's most famous doll" with a l!SSl million (SSI.6 million) donation to several children's health organisations. The company
      Reuter  -  385 words
    • Article
      Lock icon Japan's Asatsu buys German agency
      135 13 AFP JAPAN'S Asatsu Inc has acquired Advertising Marketing Systems GmbH (AMSG). a German advertising firm, tor some 550 million yen (SSX.3 million). The purchase, completed on March 1 through Asatsu Inc's subsidiary. Asatsu (Germany) GmbH, is part of the mid-sized Japanese advertising agency's strateg\ to
      AFP  -  135 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      28 12 We Are Korea! Sure To Get Your Copy Today! Universal Publications Agency Ltd 1 I 54 Kyonji-Dong, Chongno-ku M F™ 02^***** The Economist^^^^^H MnMH H '^H H i^H^H
      28 words
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      Page 12 Advertisements Column 2
      144 12 bfd "THE PINNACLE Wy QUALIFICATION IN MARKETING" utvnsnrariiuu The specialist course for executive* in marketing management by The University of Hull in association with the Chartered Institute of Marketing, UK. EIGHTH INTAKE IN SINGAPORE Only programme endorsed by CIM UK Established Internationally as a part-time distance learning programme of two
      144 words
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  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      121 13 > mw (J&M> toCWHtfftoffft' *MR• am <w&r®> itireiHffiKmft#£iKfl mm £*tt*JMWOiR 0 iHnttoMWMwin. amia ft&s&miftft 3e&**j BHHHHH &»iTKUfc£¥«-f& ■bwHfnH ifett: HHuH «E &Z.) BaWBIB (<»*&) HHHHfI KT^JJfeiit: ■BB HMHMH Customer Relations Section, Circulation Department, Singapore Press Holdings Ltd, 82 Genting Lane, Singapore 1334. Tel: 1800-*****77 Fax:*****75 THE RAFFLES j CONVERSATION "The
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      Page 13 Advertisements Column 2
      144 13 m JUST CALL 737-1166 Make the coanectioo through The Straits Times Classified when you're looking lor bargains or looking for w w customers. Just give us CJLTJ. a call. 737-1166 FOR SALE BY PRIVATE TREATY n n n 160 Ann Street, Brisbane A Major Brisbane C.B.D. Building With The Fundamental
      144 words
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  • Article
    US listing model: way to go
    524 14 EDITORIAL THE Hongkong Stock Exchange has proposed a package of changcs which it is now seeking feedback on from the Hongkong securities industry. The most interesting, perhaps, is the proposal to adopt the US listing system. This, HKSE chief executive Paul Chow said, is
    524 words
  • WHAT THE OTHERS SAY
    • Article
      Spare the rod, Mr Clinton?
      219 14 WHAT IS ONE to make of the President of the United States intervening on behalf of an 18-year-old American citizen living in Singapore who had been punished for breaking the law after an open trial? The rights of Michael Fay, the boy in question in
      219 words
    • Article
      Preserve family ties
      151 14 MOST PEOPLE agree that Singaporeans, irrespective of race, should try and maintain traditions. Traditions associated with festive celebrations like the Chinese New Year reunion dinner are worth keeping because the primary reason is to reaffirm family ties. The same applies to other communities. Negative trends that will
      151 words
    • Article
      Unnecessary disappointment
      189 14 THE TWO-DAY Budget debate and Dr Hu's concluding speech should have helped to answer questions and clarify doubts to a certain extent. Before the Budget was announced, the business community had hoped that the government would continue to cut corporate tax so as to make Singapore more attractive
      189 words
    • Article
      Like a tin of sardines
      171 14 ANYONE who has ever ridden on a Jakarta bus knows how dehumanising the experience is. Each time an overcrowded bus careens to a halt, the driver's assistants, whose job is to take as many fares as possible, cram new passengers in like so many sticks
      171 words
    • Article
      Give women equal status
      159 14 THE IMPRESSIVE export figures and the increasing availability of Thai industrial products in foreign markets and department stores bear stark testimony to the success of Thailand's industrialisation. Jobs were created for millions of poor rural inhabitants, especially female, who would otherwise end up labouring in the
      159 words
    • Article
      Losing ground to the terrorists
      112 14 SOME MONTHS AGO, Israeli Prime Minister Yitzhak Rabin was quoted as saying that he would use army and police units to rein in militant Jewish settlers who have raided Arab towns, damaging property and attacking passer-by. Before the Hebron massacre, Rabin had said; "We are
      112 words
  • Article, Illustration
    Still waiting for that revolution in India
    799 14  -  Nirmal Ghosh reports from New Delhi on the problems that the recent Budget has somewhat addressed, but which will take a lot more political will to resolve Nirmal Ghosh IN THK tv\o weeks or so of debate that usually follows India's annual Budget
    799 words
  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      74 14 Don Lose Out. Bi ly Now! Tim tfwtl 12-20 March 1994 T( K\po (iateway, 2nd Level Forecourt Rearcourt 11 am -8 pm For real bargains and more bargains foul yourself in the only, so far. Brand-name omputer Pasar Malam of computers, printers, peripherals and accessories. You can find quality brands
      74 words
  • Page 14 Miscellaneous
    • Miscellaneous
      Page 14 Miscellaneous Column 1
      104 14 .1 mfci*•.ll_l- L«TTL£ I WASN'T PFWIHG sfou BmpkTe, me some'nrocjs we.u*vs, celling, Full a"Tt€jmtioki V screwing i coNce>rn*p[Tei> q^ T "/v, ON H»S /?iTRL Ptpy*T P>P>T I P<jPmN J r amooatiowwMftwlto, J[3T DOONESBURY GARRY TRUDEAU LADIES ANP 6ENTLEMEN SHOULD A SINGLE PROFESGOR h&U PO WXJ COMPENSATE SOMEOF THE JURf: UI7H
      104 words
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  • ANALYSIS
    • Article, Illustration
      And then there was light in the Philippines
      1939 15  -  Manila's bold moves to overcome chronic power shortages that were crippling the economy are paying off. S N Vasuki has the details Aci^in INFRASTRUCTURE An occasional series S N Vasuki EVEN his worst detractors admit that Fidel Ramos is a reasonable man.
      1,939 words
    • Article
      Driving those turbines with private foreign capital
      2006 15 WHEN Hongkong's Hopewell Corporation invested in a small combined-cycle power unit near Manila in 1991. the announcement was greeted with yawns. Analysts felt that then President Aquino's attempts to invite foreign participation in power generation would be a non-starter. They were right, up
      2,006 words
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  • Article
    2 votes each for older people with families a better system: SM Lee
    555 16  -  Reports by Anna Teo SINGAPORE Lee Kuan Yew is convinced Singapore would be better ofT if, instead of its one-man-one-vote system, every family man aged 40 to 60 years gets two votes each. If necessary, Singapore should
    555 words
  • Article
    America great in spirit but needs order in society
    437 16 SINGAPORE Is there some contradiction between his position as a politician and his new role as an intellectual speaking out on all matters? Foreign Affairs managing editor Fareed Zakaria put it to Lee Kuan Yew: As a politician, he wants America
    437 words
  • Article, Illustration
    Lock icon Stability will not be sacrificed for economic gains: Li Peng
    412 16 Reuter AP BLUING Chinese Premier Li Peng, in his keynote address to the annual session of Parliament yesterday, emphasised that Beijing's watchword this vear would be control following explosive growth in 1993 that deepened social and economic strains. Setting a
    Reuter; AP  -  412 words
  • Article
    Lock icon Bentsen sees long-term, sustained US growth, low inflation
    245 16 Bloomberg Business News WASHINGTON Treasury Secretary Uo>d Bentsen. long a bullish backer of the US economy. yesterday delivered one of his most upbeat assessments, saying economic growth should remained sustained over the rest of this decade with little threat of inflation. "We're
    Bloomberg Business News  -  245 words
  • Article, Illustration
    Things fall apart — the centre cannot hold
    735 16  - Things fall apart the centre cannot hold The Bottom Line ANTHONY LEWIS ANTHONY LEWIS The writer is a columnist with the S'ew York Times, where this commentary first appeared A PARTICULAR nightmare, for most human beings, would be to live in a society without order of any kind, without predictability:
    735 words
  • Article
    Lock icon Tokyo must keep promises to open markets: Christopher
    307 16 AFP TOKYO Neither Japan nor the US wants a trade war. but Tokyo must make good on earlier promises to open its markets before Washington decides on further talks. US Secretary of State Warren Christopher said here yesterday. He also warned that
    AFP  -  307 words
  • Article
    Lock icon US to keep pressing S'pore on teenager's sentence
    132 16 AP WASHINGTON The State Department will keep pressing authorities in Singapore to set aside a sentence calling for the flogging of an American teenager for vandalism. "What happens to American citizens abroad clearly is the US' business." said Christine Shelly, a State
    AP  -  132 words
  • Article
    Lock icon IRA shells Heathrow runway
    232 16 Reuter AFP LONDON IRA guerillas signalled their contempt for the British government and a faltering Anglo-Irish peace initiative with a daring mortar strike on the world's busiest international airport. The four mortar bombs fired over a perimeter fence from a hotel carpark hit a runway at
    Reuter; AFP  -  232 words
  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      550 16 `:_:?.]*=^,;<?/>`@@&'>';'^@"%+| INOOOLES Congee wrth Lean "Sichuan* Style Fned Spwvach wrth ANO NICE Poik and Cankjiy Egg Cualard wrth Sated Fiah A ]LT rv Egg Shatrt fin and Fiiad Cdbbage wrth I K Im 1 II Fried Rtoe wrth Glutnoua Ac* (Vtl "Namekor Mwhroom Gaitc Sauce VJ XI. XI 11 mJ
      550 words
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      Page 16 Advertisements Column 2
      9 16 Beijing has no militant or political ambitions. Pg 4
      9 words
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      Page 16 Advertisements Column 3
      30 16 IXJliififl SINGAPORE KUALA LUMPUR NGEE ANN OOEON TOWERS MENARA IMC CITY (Opp RafllM Tm (Opp Shangri-La Hotal) (Orchard Road) Hotel) H Quality Serviced Offices Tel: 65-838 5243/ Fax: 65-*****76 MRCENTRE
      30 words
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  • COMPANIES & MARKETS
    • Article
      OUB plans rights, bonus issues to raise $400 m
      658 17  -  By Quak Hiang Whai SINGAPORE Overseas Union Bank yesterday announced a one-for-10 bonus issue and a one-for-five rights issue to raise S4OO million. Peter Seah, president of OUB. disputed the argument that the rights issue will dilute the group's future earnings
      658 words
    • Article
      OUE attributes poor results to falling room rates
      291 17 SINGAPORE Overseas Union Enterprise, the listed hotel and property arm of Overseas Union Bank, blamed declining room rates for its lacklustre performance last year. After-tax profit for the group fell 5.62 per cent to 523.58 million on a marginal 0.26 per cent
      291 words
    • Article
      Hong Leong Finance profit jumps 52pc
      434 17  -  Earnings of subsidiary Singapore Finance soar 161 pc By Shiv Taneja SINGAPORE Net earnings for the Republic's largest finance company. Hong Leong Finance, and its subsidiary. Singapore Finance, rose 52.9 per cent to $55.8 million and 161 per cent to 5i6.2 million respectively for
      434 words
    • Article
      Flood of IPOs threatens Jakarta bourse with something worse than indigestion
      663 17  -  HOCK LOCK SIEW By Maggie Ford JAKARTA A large lump of indigestible paper is clogging up the Jakarta Stock Exchange, as Indonesian companies seek to capitalise on the 115 per cent rise in the index achieved last year. The
      663 words
    • Article
      KIE goes into construction with new joint venture
      308 17 SINGAPORE Listed Keppel Integrated Engineering has forged a path into the construction industry through a joint venture with two other companies. KIE. the engineering arm of conglomerate Keppel Corp. owns a 35 per cent stake in newly formed Asia-Link Pte Ltd. Its
      308 words
    • Article
      Hai Sun Hup chairman linked to Sydney centre deal
      139 17  -  From Florence Chong in SYDNEY INTERESTS associated with the Hai Sun Hup shipping group have been named as the buyer of the Cosmopolitan Centre, including a 73-room hotel, in Sydney's exclusive Double Bay retail centre. Ow Chio Kiat, who has a
      139 words
    • EYE on your STOCKS
      • Article, Illustration
        MARKET MOOD
        45 17 Weak 'Market Mood indicates the likely trading sentiment today, hased on brokir\ polled at 5-6pm yesterday Overnight events may alter sentiment Brokers polled Alliance. Barings. OK it oh. Kay Hian. .Morgan (Jrenfett. Ongco. Phillip. Tat Lee. Smith Xe\\ Court and W I Carr
        45 words
      • Article, Illustration
        HOT STOCK
        145 17  -  -By Paul Leo Amtek Engineering is a worthwhile purchase as the short and medium-term technicals are bullish. The daily Relative Strength Index has just turned up from deeply oversold region, indicating that the downside is limited. The weekly RSI is below 25. pointing to an oversold situation. This
        145 words
    • COMPANIES
      • Article, Illustration
        M'sian body issues guidelines on share transactions
        730 18  -  From Ho Kay Tat in KUALA LUMPUR MALAYSIAN broking firms cannot turn away investors who are willing to make cash purchases, and brokers must give one clear trading session's notice to their clients before changing any trading rules from today. These are among
        730 words
      • Article
        Aussie fund manager to list Asian firm
        372 18  -  From I Florence Chong in SYDNEY NATIONAL Mutual Funds Management is to list a specialist Asian investment company and hopes to raise up to AS 150 million (SSI6B million) for investment in listed companies in Asia. Of the amount raised, initially 40 per
        372 words
      • Article
        A more sophisticated regulatory climate
        404 18  -  Malaysian Capital Markets Conference From William Chia in KUALA LUMPUR MALAYSIA'S Securities Commission plans to introduce several changes and initiatives this year to further develop the capital market. Executive chairman Munir Majid. who delivered the closing address at the 1994 conference on Malaysian Capital Markets
        404 words
      • Article
        Corporate bond market funds grow 77pc a year
        646 18  -  From Amy Balan in KUALA LUMPUR FUNDS raised through private debt securities (PDS) or corporate bond market reached MS9 billion (554.78 billion) last year against only M 5325 million in 1987. reflecting an average growth of 77 per cent per annum, said
        646 words
      • Article
        Lock icon Share applications through newspapers from May
        457 18 Bernama KUALA LUMPUR Application for share forms through newspapers will become effective by May this year, the chairman of the Securities Commission. Mohd Munir Abdul Majid. said yesterday. To this end. problems such as how to send the envelopes are being looked into, he
        Bernama  -  457 words
      • Article
        Lock icon Chocolate Products expects M$ 2m pre-tax profit
        163 18 Bernama KUALA LUMPUR Chocolate Products is projecting a group pre-tax profit of M 52.028 million (SSI. 17 million) for the year ending June 30, 1994. following the implementation of its proposed rights issue. Gross dividend is forecast at one sen per share while
        Bernama  -  163 words
      • Article
        Lock icon Insas signs MOU with Aussie company
        320 18 Bcrnama KUALA LUMPUR Insas Bhd has signed a memorandum of understanding (MOU) with World Square Pty Ltd (WSPL) and certain new investors) to subscribe for 25 per cent of the enlarged paid-up capital of WSPL for AS 18.25 million (SS2O million) cash. An Insas
        Bcrnama  -  320 words
      • Article
        UNIT TRUSTS & FUNDS
        558 18 UNIT TRUSTS FUNDS MaMfan' prion Mar 11 us Gr Fund 107 l.ll-* limmm Unit TnKt UMB Invest Mgt Ltd The Commerce 1.74 1-83 n The Savings Fund 159 I 67*d H r in S pore Pro, Fund 0 74 0 7* Or Fund' 64 170 S'porc See Fund 110 1.16
        558 words
      • COMPANY BRIEFS
        • Article
          Inter-Roller's profit down 96 pc
          108 19 SINGAPORE Inter-Roller Engineering Ltd's group after-tax profit fell almost 100 per cent for the year ended Dec 31 because of higher costs and lower margins. In a statement yesterday, the Sesdaq-listed group said that annual after-tax profit fell to $58,000 from $1.53 million in 1992.
          108 words
        • Article
          SSE book closure only after SES nod
          46 19 SINGAPORE Singapore Shipbuilding and Engineering announced yesterday that its book closure, which was originally stated as May 27, for its one-for-five bonus issue will be determined after it received approval from the Stock Exchange of Singapore for the issue.
          46 words
        • Article
          GP Batteries proposes share split
          87 19 SINGAPORE GP Batteries International proposed a share split yesterday. It plans to divide one ordinary share of $1.60 each into two new ordinary shares of $0.80 each. The issued and paid-up share capital of the company will remain unchanged at $63.64 million, comprising 79.55 million
          87 words
        • Article
          Chemical Ind unit in UK ventures
          88 19 SINGAPORE Chemical Industries subsidiary Juta Properties recently formed two new companies to invest and develop properties in the United Kingdom. Both subsidiaries, JPI Trading incorporated in Singapore on March 4, and JPI Investments incorporated in British Virgin Islands on Feb 17, will invest and
          88 words
        • Article
          Creative invests in US firm
          67 19 SINGAPORE Creative Technology announced yesterday that it has invested in an American company Creative Insights that acquires licences and publishes entertainment software for computers and game machines. Creative Tech also announced that it signed a memorandum of understanding with The 3EX) Company of the US
          67 words
        • Article
          UOI names GM as executive director
          22 19 SINGAPORE United Overseas Insurance has appointed its general manager David Chan Mun Wai as executive director.
          22 words
        • Article
          Metro appoints China manager
          25 19 SINGAPORE Metro Holdings has appointed Yeo Seng Chong as general manager of its wholly owned subsidiary Metro China Holdings Pte Ltd.
          25 words
        • Article
          Lock icon AAA rating for Pilecon bonds
          89 19 Bernama KUALA LUMPUR Pilecon Engineering Bhd's proposed Mslso million (5587.3 million) redeemable bank guaranteed bond issue with 62,529,500 detachable warrants has been accorded a long term AAA (BG) rating. The Rating Agency Malaysia Bhd (RAM) said yesterday the rating indicated that the proposed bond issue
          Bernama  -  89 words
        • Article
          Lock icon Sharp profit fall for Kuala Sidim
          102 19 Bernama KUALA LUMPUR The Kuala Sidim Rubber Company Bhd has reported a 44 per cent drop in group pre-tax profit for the six months ended Dec 31 to M 58.76 million from M$ 15.67 million in the same period in 1992. At company level,
          Bernama  -  102 words
        • Article
          Boost from Benson & Hedges relaunch
          105 19 Boost from Benson Hedges relaunch KUALA LUMPUR The successful relaunch of Benson Hedges last year has resulted in the brand registering an increase in market share for the first time in many years, the chairman of the Malaysian Tobacco Company Bhd said. Mohd Ghaus Badioze Zaman said in the company's
          105 words
        • Article
          Corrections and clarifications
          39 19 THE promotion period for the Savers China Growth Fund launched by OCBC Asset Management is from March 10 to April 8, and not April 18 as stated in BT yesterday. We are sorry for the error.
          39 words
      • Article
        DIVIDENDS ANNOUNCED
        679 19 Payment Ex Books Pay date close date BAT 2I« F 86.9N Mar 18 Mar 24 Apr 6 Bcrjaya Group I 6 Mar 11 Mar 28 Apr 18 Bcrjaya Ind I 4 Mar II Mar 28 Apr 12 Bcrjaya Leisure I 5 Feb 22 Mar 8 Apr 6 Boustcad
        679 words
      • Article, Illustration
        Cathay Pacific posts 23.8 pc drop in 1993 profit
        494 20  -  From Catherine Ong in HONGKONG CATHAY Pacific Airways has reported a 23.8 per cent decline in net profit to HK52.29 billion for 1993 and does not expect much improvement in earnings this year. The results for the year ended Dec 31
        494 words
      • Article
        Shanghai Sewing Machine seeks S'pore listing: report
        413 20  -  By Teh Hooi Ling SINGAPORE China's Shanghai Sewing Machine (SSM). which currently has its B shares listed on the Shanghai Stock Exchange, is looking into a secondary listing in Singapore. Its chairman. Ni Yonggang, said in Hongkong that he was studying the possibility,
        413 words
      • Article
        Foreigners keen on good China firms despite shaky bourse
        343 20  -  By Schutz Lee SINGAPORE Foreign investors are still very keen on buying Chinese companies with good prospects, despite the difficult conditions faced by emerging stock markets at the moment, said an S G Warburg Securities representative in Hongkong. "But investors have
        343 words
      • Article
        Morgan Grenfell buys into Thai finance firm
        247 20  -  From Loh Hui Yin in BANGKOK UK MERCHANT bank Morgan Grenfell, which enjoyed a banner 1993 from its regional operations, has strengthened its presence in Thailand. It is part of a consortium that is paying USS6O million (SS96 million) for an 80 per
        247 words
      • Article
        Lock icon UK recovery helps to put Barclays back into the black
        430 22 Bloomberg Business News LONDON Barclays pic. the largest UK hank, said it swung to a pre-tax profit of £664 million (551.57 billion) last year as a revival in the UK economy reduced its problem loans. Bolstered by a 24 per
        Bloomberg Business News  -  430 words
      • Article
        Lock icon Brierley unit in NZ$ 250m note issue
        155 22 Bloomberg Business News WELLINGTON Brierley Investments Ltd. which holds major stakes in Air New Zealand and London hotels group Mount Charlotte, said subsidiary- BIL Finance Ltd will sell up" to NZS2SO million (***** million) in capital notes. The money raised would go towards
        Bloomberg Business News  -  155 words
      • Article
        Lock icon Japan's Sumitomo to pay 74b yen for rival Osaka Cement
        301 22 Bloomberg Business News TOKYO Facing at least two more years of a slow construction market. Osaka Cement Co agreed yesterday to be swallowed bv Sumitomo Cement Co. Sumitomo Cement, now the nation's fourth-largest cement company, would acquire Osaka Cement. Japan's
        Bloomberg Business News  -  301 words
      • Article
        Lock icon Cadbury seeks to soak up all of Dr Pepper as profits rise 25pc
        356 22 FT LONDON Cadbury Schweppes. the UK confectionery and soft drinks group, is interested in acquiring all of US soft drinks maker Dr Pepper. it confirmed on Wednesday. Cadbury bought a 20 per cent stake for USS23I million
        FT  -  356 words
      • Article
        Lock icon Burger King to trim corporate staff by 26pc
        182 22 Bloomberg Business News MIAMI Burger King Corp will cut about 26 per cent of its corporate workforce by the fall of 1995 as part of a restructuring to emphasise the company's traditional burgers-and-fries menu. The fast-food chain, a unit of London-based Grand
        Bloomberg Business News  -  182 words
      • Article
        Lock icon Heineken expected to brew 489m-519m guilder profit for 1993
        306 22 Bloomberg Business News AMSTERDAM Heineken NV, the world's second-largest brewer, is expected to report a net profit of between 489 million guilders (*****.2 million) and Sl9 million guilders, according to a survey. Heineken was due to report its results after trading
        Bloomberg Business News  -  306 words
      • Article, Illustration
        Lock icon Aussie recovery gives BTR Nylex lOpc gain, despite Asian slump
        268 22 Bloomberg Business News SYDNEY Australian diversified plastics group BTR Nylex Ltd. 61 per cent-owned by British conglomerate BTR pic. said 1993 net profit rose 10 per cent from a year earlier, as improvement in domestic sales offset a decline in
        Bloomberg Business News; Reuter  -  268 words
    • FINANCE & COMMODITIES
      • Article
        More quit Morgan Grenfell, but flow set to be staunched
        382 23  -  By Agnes Chen SINGAPORE Another spate of resignations this time, of mid-level executives has hit Morgan Grenfell Asia. In the last two months, five key executives holding associate director or director titles have resigned from the blue-chip merchant bank. Two
        382 words
      • Article, Illustration
        Stanchart launches new mortgage scheme
        266 23 SINGAPORE Effective today, Standard Chartered Bank will introduce a new variable repayment option on its home loan scheme. Mortgage Plus, which allows customers to speed up, and hence reduce, their repayments on home loans. According to Tan SayHeng, senior manager at Standard Chartered Bank, no
        266 words
      • Article
        World Bank is all set for US$ 5b structured note offer
        352 23  -  By Shiv Taneja SINGAPORE The International Bank for Reconstruction and Development (the World Bank) is putting the finishing touches to a US$5 billion (557.9 billion) global multi-currency note programme, which it will launch in the next few days. The
        352 words
      • Article
        Bank of Thailand tells banks to raise loan provisions
        338 23  -  From Loh Hui Yin in BANGKOK THE Bank of Thailand has instructed commercial banks to raise their loan provisions over the next two years as part of efforts to strengthen the banking system which is undergoing rapid changes. Loan provisions, now
        338 words
      • SMALL CHANGE
        • Article
          Lock icon Indon bank to sell dragon bonds
          90 23 Bloomberg Business News HONGKONG State-owned Bank Eksporlmpor Indonesia is planning to sell USSIOO million (S$ 158 million) of five-year floating rate dragon bonds. The head of new issues at Nomura International (HK) Ltd yesterday said BankExim. as it is called, will be the first
          Bloomberg Business News  -  90 words
        • Article
          Lock icon Fubon to start overseas fund
          73 23 Bloomberg Business News TAIPEI Fubon Investment Trust Co. an affiliate of the Fubon Insurance Co, will apply to the Securities and Exchange Commission today to set up a US$2OO million mutual fund aimed at overseas investors who wish to invest in Taiwan stocks. The company
          Bloomberg Business News  -  73 words
        • Article
          Lock icon Interstate banking in the US
          78 23 Bloomberg Business News WASHINGTON The House Banking Committee yesterday passed a Bill that will allow banks to branch across state lines. The Bill, passed by a vote of 50 to I, would help banks lower their overhead costs by combining branches in several states and
          Bloomberg Business News  -  78 words
        • Article
          Lock icon Pacific Mutual in merger
          89 23 Bloomberg Business News STAMFORD, Connecticut Pacific Mutual Life Insurance Co, seeking to expand its reach among retail investors, has agreed to acquire control of Thomson Advisory Group in a transaction valued at more than USSI billion. Pacific Mutual said it will merge five investment businesses, including
          Bloomberg Business News  -  89 words
      • Article
        Lock icon Call for greater surveillance of M'sian insurance firms
        247 23 Bernama KUALA LUMPUR Insurance firms, as the custodian of public funds, should be subject to higher levels of surveillance to ensure that they can fulfil the promise to pay when legitimate claims arise. Malaysia's Director-General of Insurance (DGI) yesterday said Bank Negara.
        Bernama  -  247 words
      • Article
        Lock icon Limit number of foreign banks in Philippines: industry head
        258 23 AFP MANILA The entry of foreign banks into the Philippines must be limited according to the capital they are willing to bring in, the head of the Bankers Association of the Philippines (BAP) said yesterday. Octavio Espiritu also said that in
        AFP  -  258 words
      • Article, Illustration
        Lock icon China slaps temporary ban on spot crude oil imports
        544 24 Reuter SINGAPORE China has temporarily banned spot imports of crude oil and refined petroleum products due to high domestic stock levels, Chinese oil officials and industry sources said. The ban. expected to last one to two months, was officially imposed on
        Reuter  -  544 words
      • Article
        Lock icon Analysts see gold firming despite low global inflation
        433 24 Reuter KALGOORLIE. Australia The outlook for gold remains positive on supply-and-demand fundamentals which should offset continuing low world inflation. gold analysts say. "I don't think we need to have an acceleration in inflation to see the price rise because of the strong
        Reuter  -  433 words
      • Article
        Lock icon West's copper usage to hover around 9.2 m tonnes: refiner
        164 24 Reuter HAMBURG Copper consumption in the Western world this year should be little changed from 1993 at 9.2 million tonnes, says leading European refiner Norddeutsche Affinerie (NA). NA board chairman Werner Marnette said there could even be a small rise
        Reuter  -  164 words
      • Article
        Lock icon NZ wool prices set to rise erratically, say analysts
        433 24 Reuter WELLINGTON New Zealand wool prices are set to climb gradually but erratically over the next six months, market analysts said yesterday after what the New Zealand Wool Board (NZWB) said was a dramatic rise at a local sale. At Wednesday's
        Reuter  -  433 words
      • Article
        Lock icon Palm oil will be PNG's top farm export: producers
        251 24 Reuter SYDNEY Palm oil will overtake coflce as Papua New Guinea's largest farm export within the next few years, aceording to the PNG Palm Oil Produeers Association. Association secretary Alan Morrow said on Wednesday depressed world coffee prices were hitting the
        Reuter  -  251 words
      • Article
        Lock icon November target for new Java refinery after tank hitch
        199 24 Reuter JAKARTA Indonesia's state oil company Pertamina said it hopes its refinery project in Balongan. West Java, will come on stream in November as agreed with the contractors. "We have said in the past that we hoped the refinery would come
        Reuter  -  199 words
      • Article, Illustration
        Banque Indounz REGIONAL CURRENCY REPORT
        130 24 The USS moved to the sutv 1.6900 level against the mark over lunch yesterday, with stop-losses triggered along the way as news of a likely Congressional probe into the US Whitewater affair weighed on the dollar. The USS/SS opened higher at 1.5845-50 but moved lower
        130 words
      • Article
        Lock icon London
        178 24 Bloomberg Business News LONDON The dollar tumbled to a four-month low of 1.6850 deulschcmarks here yesterday amid concern about the investigation into US President Bill Clinton's financial dealings in the 1980's. The mark was lifted across the board, meanwhile, amid fading hope the Bundesbank will accelerate the pace of
        Bloomberg Business News  -  178 words
      • Article
        Crude oil futures prices lower on warmer weather in NY
        166 24 Bloomberg ENERGY REPORT LONDON Oil futures prices declined yesterday, led down by weaker US heating oil values as demand waned because of warmer temperatures in the New York metropolitan area, brokers said. The price slide reversed Wednesday's gains following reports
        166 words
      • Article
        Lock icon New York
        78 24 AFP NEW YORK The dollar weakened against other major currencies here yesterday amid worries about the Whitewater affair and continuing trade tensions between the United States and Japan. At about 9:15 am (1415 GMT), the dollar was trading at 1.6905 German marks, down from 1.6995 late on Wednesday,
        AFP  -  78 words
      • Article, Illustration
        Untitled
        1632 24 InuU'-n,J unit iakulau\l awtn\l S/»»i > rn/' 14 naJinn partnery fiuv uur /W US$/S$ forward rates Noon Mar 10 s$ Bid Offlrr 1-month I $8.tl I 5846 2-month I 5826 1.5841 3-month ***** I 5839 6-month ***** 1.5833 S,mir (X IK Source: OCBC FOREIGN CURRENCY NOTE RATES As at 10m
        1,632 words
    • COMMODITIES & FUTURES
      • Article
        Lock icon Eurodollars firmer in moderate trade
        1327 25 SIMEX REPORT Reuter SINGAPORE Simex Eurodollars closed firmer in moderate trade yesterday. Dealers said Eurodollors were firmer on short-covering from Chicago in the morning but this was partly countered by Japanese sellers in the afternoon session. The market was caught a bit short after the
        Reuter  -  1,327 words
      • Article
        KL tin recovers 16 sen to M$ 14.16
        589 25 COMMODITY REPORTS Tiii The Kuala Lumpur Tin Market rebounded yesterday with a 16 sen increase in a firmer market to close at MS 14.16 per kg. dealers said. A dealer said the market was firmer owing to the stronger buying demand from
        589 words
      • KNIGHT-RIDDER COMMODITY SUMMARY
        • Article
          Ampolex hits oil sands at Thai well
          107 25 CANBERRA Australian oil producer Ampolex Ltd said on Wednesday its Mayura-1 well in the Gulf of Thailand has encountered oil sands. "An oil sample was recovered from one of the sands within the interval over which hydrocarbon indications had been observed during drilling."
          107 words
        • Article
          Japan sheet makers troubled by trend
          128 25 TOKYO Manufacturers of aluminium can sheet in Japan say they still expect production of beverage cans to rise in fiscal 1994-95 (April-March), but they are concerned by Kirin Brewery Co's plan to gradually shift production overseas and import cans to reduce costs. Kirin said
          128 words
        • Article
          Total aluminium stocks up
          59 25 LONDON Total aluminium inventories rose 64.000 tonnes to 3.562 million in January from an upwardly revised 3.498 million in December, according to provisional figures released yesterday by the International Primary Aluminium Institute. Total unwrought aluminium inventories in January rose 42.000 tonnes to 2.015 million from an
          59 words
        • Article
          LME lists two new lead brands
          57 25 LONDON The London Metal Exchange board of directors has approved the listing of two lead brands with immediate effect. "MTG" is produced by Metalurgica De Gormaz. SA. which has an annual production of around 15.000 tonnes. "Inlead" is produced by Indian Lead Ltd. which
          57 words
    • Article
      COMMODITY PRICES
      1549 25 Rubber Sl*pym Commodity Exchango (futures dosing as at lpm) KSS I Contract (S cents/kg) Close Volume Open Month High Low Sett (tonnes) interest Apr 94 146.75 145.50 146.75 425 2.675 Mav ***** 148.05 148 75 550 5 400 Jun" 150 00 148.55 150 00 1200 6.550 Jul/Sep *****
      1,549 words
    • REGIONAL STOCK MARKETS
      • Article
        Australia
        1045 26 +8.3 Australian stocks closed higher in choppy trading yesterday, shrugging off concern about the future course of US interest rates reflected in weaker bond prices and a bearish futures market. The key All Ordinaries Index ended at 2.155.1. up 8.3 points on Wednesday's close. Industrials closed 6.1 points higher
        1,045 words
      • Article
        Manila
        616 26 +50 Share prices bounced back after a plunge and buying may spill Over to today's trading but the mood should remain cautious, dealers said. The composite indices in Manila and Makati rose 50 points. Juanis Barredo of ("insecurities Inc said the rise was a result of bargain hunting while
        616 words
      • Article
        Taipei
        622 26 -100.66 Taiwan stocks closed 1.8 per cent lower in sluggish, gloomy trade as persistent selling pressure continued to stifle weak attempts at a rebound. The weighted index fluctuated narrowly for most of the session but a late wave of selling pushed it 100.66 points down to a close of
        622 words
      • Article
        Seoul
        374 26 +0.73 Stocks closed slightly higher, hut well down on earlier gains achieved on rumours, later confirmed. that the government would ease deposit restrictions on investors placing stocks orders, brokers said. The composite index closed up 0.73 points on 878.58 alter rising as much as 7.07 points in the afternoon.
        374 words
      • Article
        New Zealand
        334 26 +22.54 A 14-cent gain in Telecom took New Zealand shares higher at the close, more than wiping out Wednesday's 19-point decline. Telecom's rise, which came about through aggressive buying by one broker, was on low turnover of about 350.(XX) shares. Overall, share prices were knocking around in a
        334 words
    • WORLD STOCK MARKETS
      • Article
        London
        605 26 -12.8 Shares on the London Stock Exchange closed lower yesterday. dragged down by a lower opening on Wall Street and technical factors weighing on stock prices. The blue-chip Financial Times Stock Exchange 100share index closed at 3.233.9 points, down 12.8 points. The narrower Financial Times 30 index was at
        605 words
      • Article
        Paris
        110 26 -15.06 French shares finished with losses, mainly on futures led trading, dealers said. The market was drifting in the absence of new factors. Bank of France left rates unchanged at yesterday's repo tender, as many expected. The CAC-40 index closed down 15.06 points, or 0.68 per cent, at 2.184.58.
        110 words
      • Article
        Stockholm
        131 26 -0.47 pc Swedish shares closed down in choppy trade after strongly mixed annual results. "There was a lot of action in the morning, it slowed around lunch-time and then sped up again, hut on the whole there was no drama and it was really pretty quiet." a dealer said.
        131 words
      • Article
        Frankfurt
        120 26 +25.01 German share prices ended the official session with strong gains. The DAX index ended 25.01 points higher at 2.141.10. only slightlv off intradav high of 2.142/64. Frankfurt Mar 10 DM V» ifOtm -tm B\s( N'J 1* BMW J110 Bjm-I «<«) Bj.ci V r icm*h»nk WMi 200 < itmmci/bjnk
        120 words
      • Article
        Brussels
        173 26 +3.07 Belgian shares ended another range-trading session witlv small but trad- ing was slow and an extension of the current consolidation pattern was expected in the short term. "The market has cooled down seriously and investors arc not rushing to step in." a trader said. "Further ranging is likely
        173 words
      • Article
        Amsterdam
        235 26 1.85 Dutch shares ended in positive territory, but were looking increasingly hesitant. Though underpinned by firm bonds, prices look vulnerable as buyers held ofT in case of a fall next week when the next slab of US inflation data is released, dealers said. The AEX index ended 1.85 firmer
        235 words
      • Article
        Zurich
        271 26 +4.92 Swiss shares lost most earlier gains in late trading after US bonds and shares eased. By the close, the SMI index was 2.7 points firmer at a final 2.861.2 points, but off an earlier high at 2.891.2. The all-share SPI was 4.92 points up at 1.842.06. Dealers said
        271 words
      • Article
        Johannesburg
        297 26 +39 Despite a lack of fresh factors. quality industrial shares continued their strong upward momentum in active foreign and local buying on the Johannesburg Stock Exchange. The gold index gained 33 points or 1.8 per cent to 1.898. The industrial index closed at a new high of 6,018 after
        297 words
      • Article
        Toronto
        302 26 +6.56 Toronto stocks moved ahead in sluggish, aimless early trade yesterday as firming gold stocks kept the market Irom following Wall Street lower. The TSE 300 composite index added 6.56 points to 4.451.01 in quiet trade of 6.34 million shares valued at CS 100.32 million. Advances led declines 70
        302 words
      • Article
        New York
        725 26 -15.48 The Dow Jones industrial average was down 15.48 points to 3.837.93 at 11 am EST yesterday. The key barometer was ahead I point shortly after the market opened. The New York Stock Exchange composite index was oft 0.94 to 257.84. while the S&P 500-stock index was down
        725 words
      • Article
        Untitled
        779 26 Britannia Funds Sterling ash Bid Offer Mini C ap DcpiKil M4NJ **>?<*) Mini Jei*% «.ill Ulslt n W Mini Mil InoniK- ****** I 0*00 I S$ ash Income Plu-* Fund •ItKMilO *10 *MH* PSS Kcwe Fund < ;<«0 Merlins fcq«ii» Euro Pw ttnmjiKc 0 45**2 0.44M hi Ejm Fund •2
        779 words
    • Article, Illustration
      Lock icon HONGKONG
      3054 27 Reuter HONGKONG Share prices closed lower yesterday after featureless trading with investors taking a wait-and-see attitude, brokers said. The Hang Seng Index fell 95.33 points to finish at 10,129.05, slightly above the day's low of 10,091.41. Turnover was HKS4.I4 billion against HKS3.B3 billion on Wednesday. "Investors are sidelined and
      Reuter; Source: Bridge Info  -  3,054 words
    • Article, Illustration
      CHINA
      476 27 THE changes in the CLSA Shanghai B Index over the past few days have narrowed down with yesterday's index rising marginally by 3.61 points to 841.14 on improved turnover. Many laggards on Wednesday rebounded yesterday. Almost half of the counters were unchanged. In Shenzhen, the B Index lost 6.32
      476 words
    • Article, Illustration
      Lock icon TOKYO
      2436 27 Reuter TOKYO Stocks ended higher yesterday as arbitragelinked buying kept emerging all day, with the Nikkei Average closing above key 20,000. But the market lacked fresh incentives and a clear sense of direction, keeping investors reluctant to buy ahead of today's futures settlements. The 225-share Nikkei Average ended up
      Reuter; Source: Bridge Info  -  2,436 words
    • Article, Illustration
      Lock icon BANGKOK
      1805 27 Reuter BANGKOK Thai stocks closed sharply lower across the board with market sell-off focusing on banks seen, brokers said. The SET Index dropped 26.17 points, or 1.93 per cent, to 1,332.39 on thin 6.4 billion baht turnover. M Big banks account for about half the total market capitalisation. Their
      Reuter; Source: Bridge Info  -  1,805 words
    • Article, Illustration
      Lock icon JAKARTA
      1152 27 Reuter JAKARTA Share prices closed mixed in quiet trading with newcomers Texmaco Jaya and Panca Wiratama closing up slightly on their initial public offering prices, dealers said. The composite index lost 8.99 points to 521.38 at the close. "It is holiday mood. The two newcomers really did not perform
      Reuter; Source: Bridge Info  -  1,152 words
    • Article
      CLOB INTERNATIONAL
      2794 28 MOST ACTIVE vdurm Mulpha Inil 50c 7 058 000 t J*romcl 7.0:i 000 AMDS JOc 5 950.000 Idm H>d >0c 4.212.000 kamunting 50c 3.7-10.000 Patvr Group J.216.000 Ljndrrurlo Bhd 2.9IO.OOO Kcnong Bhd 50c 2.728.000 Jotun Hklgs 50c 2.709 000 IV*i Msia 2.27I .OOO lnno\«l Bhd 2.236.000 Lien Hoc
      2,794 words
    • KUALA LUMPUR STOCK EXCHANGE
      • Article, Illustration
        Lock icon Shares weaken in thin trade as sentiment stays low
        5845 28 Bernama KUALA LUMPUR Share prices closed lower in thin trading yesterday on profit-taking in retail stocks as investor sentiment remained bearish. Dealers said investors were sidelined by the lack of positive leads and a threeday market break for Hari Raya next
        Bernama; Source: Bridge Info  -  5,845 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        7593 29 MAIN BOARO Transaction date: Mar 10 Gr Ov IM.V94 U»l Vol Day Latl g«M( Dh Di» Ncl M C ap HirIi Ln« (i>mpan> Sak (*000) High Lo» Bh>ct Scllrf t*r S P/t Mnil INDUSTRIAL AND COMMERCIAL 1440 260 1 Acma II10 si -20 17 1120 1110 1110 1120 12 5
        7,593 words
      • Article, Illustration
        Lock icon Index falls as investors stay cautious over US rate rise
        1969 30  -  By R Sivanithy SINGAPORE Even with a gradual calming of inflationary fears in the US. the market here continued its downward spiral yesterday, as brokers reported a widespread loss of interest among investors. The world's equity markets have been hit
        Source: Bloomberg  -  1,969 words
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      509 17 NEWS VALUE How today 's nn\s might affect your stoiks OUB's group net earnings surge; rights, bonus issues planned (pg I. this pg) Results better than expected but analysts are sceptical as to whether 1994 results could be better. Also, rights issues might not find favour in a falling market.
      509 words
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      199 18 Under instructions from Messrs. J.G. Allpass and A.R. Tutde Receivers and Managers of Kern Corporation Ltd (Receivers and Managers appointed) (in Liquidation) a.cn. oio *****1 "A unique opportunity to purchase a major shopping centre in the heart of Brisbane s boom southern suburbs with huge potential and a new major
      199 words
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      6 18 Dividends table is on Page 19
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      1722 19 OVERSEAS UNION BANK LIMITED (Incorporated in the Republic of Singapore) ANNOUNCEMENT The Board of Directors of Overseas Union Bank Limited wishes to announce: 1 AUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 1993 The Bank The Group 1993 1992 1993 1992 SS'OOO SS'OOO SS'OOO SS'OOO Interest earned 633.134 618,473 2.4
      1,722 words
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      607 20 OVERSEAS UNION TRUST LIMITED (Incorporated in the Republic of Singapore) ANNOUNCEMENT The Board of Directors of Overseas Union Trust Limited is pleased to announce: AUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 1993 Increase/ 1993 1992 (Decrease) SSOOO SS'OOO Total Operating Revenue 36,134 32,490 11.2 Investment and Other Income 737
      607 words
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      Page 20 Advertisements Column 2
      111 20 NTOC PASIR RIS RESORT The Perfect Places mm i i T in Mt > <-d <f* **~-J»2^ Standing hectares of beautifully CD landscaped 396 chalet 3 Resort every facility J en needed a success of conven,ions Naturally Six function rooms with a maximum '"j'i/^M capacity of 500 persons can be
      111 words
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      Page 20 Advertisements Column 3
      12 20 More quit Morgan GrenfelL, but flow set to be staunched, Pg 23
      12 words
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      721 21 NETTPnCE NETT PRICE No. Cat Weight SSPefCmt Total SS 1. GIA H/VS2 881 21,488 $189,309 2. GIA D/VSI (HEART) 6.21 35.955 $223,281 3. HRD G/VS2 (PEAR) 5.54 21,488 $119,043 4. GIA D/IF (MQ.) 5.48 60,588 $332,022 5. GIA I/WSI 5.42 23,120 $125,310 6. GIA F/WSI 5.40 37,400 $201,960 7. HRD
      721 words
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      1138 22 OVERSEAS UNION ENTERPRISE LIMITED (Incorporated in tha Rapublic of Singapore) ANNOUNCEMENT The Board of Directors of Overseas Union Enterprise Limited is pleased to announce: AUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 1993 Th« Company Th« Oretfß 1993 1992 1993 1992 W(-) S$ 000 S$ '000 S$ 000 S$ '000
      1,138 words
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      429 23 p—ADVERTISEMENT FOR SALE yyr) 11 OF SITES FOR HEAVY ULU PANDAN J M SEWAGE TREATMENT PLANT jh PARK j r\( SITES FOR HEAVY VEHICLE PARK //sjte Fl 7 The URA is offering seven parcels of land by public auction on a 15-year /ijj 77 lease at Old Toh Tuck Road
      429 words
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      455 25 BUSINESS TIMES TOLL-FREE TEL. No. I-80Q-741-IM3 FAX 741-I2W M THE MATTER OF THE COMPANIES ACT ■""ST"' M THE MATTER OF CENTRAL CAR AGENCIES PTE LTD (MEMBERS'VOLUNTARY WMOMGUP) NOTICE Of FINAL MEETING NOTICE IS HEREBY GIVEN pursuant lo Section 306 of the Companies Act, (Chapter 50) that the Final General Meeting
      455 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. Business heats up when you make the call and place an CA.TJ. ad. l7I7-t*«|
      34 words
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      22 26 ROY EASTERN WATCH, LUCKY VLAZA, #01-74, #01-86/87/88 ORCHARD ROAD TEL: 734 3139 DELUXE EASTERN WATCH, CENTREPOINT, #01-18/20 ORCHARD ROAD TEL: 235 2536.
      22 words
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      117 27 El Primero automatic chronograph movement. ppp Water resistant to 100 m or 50m. AQm ,£S Available in gold, gold and steel or steel. m^^mm W LEFT: Model No. 53.*****00 pS |VI RIGHT: Model No. 53 0375.400 Above kycnd rv Ltd 1 Maritime Square *02-101 Expo Gateway Tel: *****42. Cortina Wak*
      117 words
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      193 28 QUAL I T Y TH A T LAS T S Mi monogram and jte- Since 1924, and with the same passion for perfection, Caran art the symbols Hwtl J*Ache has been creating luxury writing instruments that transcend time. quality and j n our collection, "Geneve", you a perfect "Geneve" Fountain
      193 words
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      Page 28 Advertisements Column 2
      6 28 F*PPSPESSP^ INVESTMENT Tomorrow in Business Times
      6 words
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      142 29 The Zenith Rainbow Collection A Legend at Sea and on Land K El PrimerO automatic chronograph movement. pp IB l Water resistant to 100 m or 50m. fclitf R|i.? c~l Available in gold, gold and steel or steel. I LEFT. Model No. 53.0363.400 I I^H Abo»e Ik Beyo»d He Ltd
      142 words
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      242 30 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND In the Matter of CHIN GUP COMPANY (PTE) LIMITED (In Voluntary Liquidation) MEMBERS' VOLUNTARY WINDING UP Notice is hereby given thai pursuant to Section 308 of the Companies Act .Cap SO. that die Final Meeting of the members of the
      242 words
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      Page 30 Advertisements Column 2
      710 30 BUSINESS TIMES TOLL-FREE TEL. No. 1-800-741-1883 FAX:74I-1298 IN THE MATTER OF THE COMPANIES ACT. CAP 59 CARAVELLE TRADING PTE LTD (In Members' Voluntary Winding-up I At an Extraordinary (ieneral Meeting of the company duly convened and held on 11th March 1994 at 18 Jalan Masjid #02-08 Kcmbangan Plara Singapore 1441.
      710 words
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      222 30 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) ANO M THE MATTER OF VEBET HOLDINGS PTE LTD (MEMBERS' VOLUNTARY WMOMGUP) NOTICE Qf FINAL MEETING NOTICE IS HEREBY GIVEN pursuart to Section 308 ol the Companies Act, (Chapter 50) tul the Final General Meeting ol the Members ol tie abovenamed
      222 words
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      Page 30 Advertisements Column 4
      747 30 IN THE MATTER OF THE COMPANIES ACT, CAP. SO ANO IN THE MATTER OF BELLINK INTERNATIONAL (PTE) LIMITED (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE IS HEREBY GIVEN pursuant to Section 306(1) of the Companies Act. Chapter SO. that a Final General Meeting of the abovenamed Company will be held at 9
      747 words
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      232 30 IN THE MATTER OF THE COMPANIES ACT, CHAPTER SO AND IN THE MATTER OF ZEXEL SINGAPORE PTE LTD (IN MEMBERS VOLUNTARY LIQUIDATION) FINAL MEETING NOTICE IS HEREBY GIVEN, pursuant to Section 308 of the Companies Act. Chapter 50 that a FINAL MEETING of the Members of the abovenamed Company will
      232 words
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  • Shipping Times
    • Article
      S'pore to benefit from Maersk's proposed service to S America
      386 31  -  By Rahita Elias SINGAPORE Singapore's shipping links with South America will soon be further strengthened. Danish shipping giant Maersk Line is set to launch a service between North America and South America in May. Shippers in Singapore with cargo for
      386 words
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      Lock icon A third party to manage
      401 31 Lloyd's List Shipmanagement LONDON The concept of shipmanagement by third party specialists is now firmly established as an alternative to owners running high fixed-cost departments in a cyclical and increasingly complex international shipping industry. The attraction for owners and charterers of arranging outside management to
      Lloyd's List Shipmanagement  -  401 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      1108 31 Page Col ABC Containerize 12 5 Accord Group 8 1-3 Africa Container 16 4 Ahrcnkicl Liner 4 1/2 AOEShpg 15 4/5 ANL 3 1/2 APL 5 3-5 Appenship 8 4/5 Arabian Express 15 3 ASCL 5 5 Avant Shpg 6 4/5 Bait Orient
      1,108 words
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      Lock icon US close to signing accord on law of the sea
      236 31 AFP WASHINGTON A global accord on undersea mining, access to the sea by landlocked nations and other provisions governing international waters may get US approval 25 years after negotiations began. More than 60 countries, including Bosnia, have ratified the law
      AFP  -  236 words
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      Lock icon Bunker fuel prices seen falling in Asia
      484 31 Knight-Ridder TOKYO Prices of bunker fuel oil in Singapore. South Korea. Thailand and Taiwan are likely to fall in the next week, but the market in Japan will probably remain firm, traders said on Wednesday. They said Singapore bunker prices are already weak,
      Knight-Ridder  -  484 words
    • Article
      Lock icon Evergreen to invest in Panama unit
      116 31 Bloomberg Business News TAIPEI Evergreen Marine Corp. the world s largest container shipping company, has received approval to invest USS4O million in Peony Investment SA of Panama, the Investment Commission said on Wednesday. Peony, a holding company 100 per cent owned by Evergreen Marine,
      Bloomberg Business News  -  116 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        685 32 Voy Ho Berth Arrival Departure Vessel Voy No Bertii Arrival Departure Jurong Port Thanakul 2 005 P01A *>ngyde 10 03/2300 Bantei 9402 )4 alongside 1103 0600 Annaha 01A/ 94 P03 1003 1MO 1103 0600 Cargo Endurance 194 J18 19 alongside 1103 0600 Batam Speed Alb94* P01A 1003.1530
        685 words
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        CONTAINER SCHEDULES
        1557 32 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Bookint/Balance Rstts Ship Voy No Etb/Btr Period From To From Ac» lade 1796 12 0100 2A 10/1700 11/0659 11 0900 3 11-0700 11/1159 11/1400 fcnUy 047A 12/1500 2A 10/1700 11 0659
        1,557 words
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      THE SHIPPING GUIDE
      13425 40 This is a list of ships loading at Singapore for ports around the world. It tabulates, by destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. LEGEND PN: ship calls at Penang after
      13,425 words
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      VERITAS BUNKER QUALITY REPORT
      632 47 This report is based on samples as analysed by DNV Petroleum Services and is an abstract from their more detailed fuel quality statistics which is mailed to participating shipowners. Key bunker ports have been pouped in geographical regions for brevity. Comparison has been made with the
      632 words
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      DAILY FREIGHTS
      1213 47 I lit Baltic I reighl Index tor spot dr> cargo shipping rates rose lo 1.115 on Wcdnesday from 1.112 on March S. I lading has tven more active tor capcM/cs with several new cargoes quoted and rales still holding rclativel> firm in the east, brokers said Doeenave was
      1,213 words
    • Article
      Lock icon Can you blame shipping costs for higher-priced goods?
      1579 48  -  Conference carriers have been trying to restore tariff rates. What does that mean for the fellow who wants to buy a pair of jogging shoes? Elizabeth Canna reports Elizabeth Canna American Shipper SO, you've vowed to make 1994 the year you get
      American Shipper  -  1,579 words
    • Article
      Enjoy your liquor
      134 48 HOW MUCH harm have the Trans-Atlantic Agreement's higher freight rates brought to exporters of some of Europe's more prestigious consumer products? Not much, according to Karl Tschui, vice-director of the Swiss forwarding company. Natural SA of Basel. During a January speech before more than 200 Swiss shippers,
      134 words
    • AIR AND LAND TRANSPORT NEWS
      • Article
        Lock icon Asian airlines hit out at Kansai airport's high fees
        442 50 AFP HONGKONG Osaka's Kansai airport, due to open in September, is being less than candid in explaining why it plans to charge the world's highest landing fees, the Orient Airlines Association (OAA) said on Wednesday. Kansai intends to charge a staggering
        AFP  -  442 words
      • Article, Illustration
        Lock icon Pedal power
        54 50 AFP NARASHINO, Japan A student pedals the human-powered wooden helicopter Yuri I at the Nippon University on Monday. Yuri I, with its 10-metre long propeller blades and weight of 38 kg, attained an altitude of 60cm and stayed ofT the ground for nearly 20 seconds to set a
        AFP  -  54 words
      • Article
        Lock icon Delta urges tough stand on US-UK air accord
        306 50 Reuter WASHINGTON Delta Air Lines joined American Airlines on Wednesday in urging Washington to renounce its air travel agreement with London if the two sides fail to reach a new liberal accord. The nearly year-long USBritish talks on a new accord are
        Reuter  -  306 words
      • Article
        Lock icon Mesa continues expansion through acquisitions
        400 50 Reuter NEW YORK Mesa Airlines Inc's offer to buy tiny commuter airline CCAir Inc is another step in its ongoing effort to expand in the US and form relationships with the nation's largest carriers, industry analysts say. The acquisition could also solve the problems of
        Reuter  -  400 words
      • Article
        TNT Express may use larger aircraft for Asian network
        441 50  -  By Rahita Elias SINGAPORE TNT Express Worldwide is likely to introduce larger aircraft than originally planned under the second phase of its intra-Asia network. Managing director Paul Coutts said that the response to TNT's air services launched in April last year
        441 words
      • Article
        Lock icon French govt to inject capital into Air France
        223 50 Bloomberg Business News. Reuter PARIS The French government said on Wednesday it will inject capital into its financially troubled Hag carrier Air France as part of the airline's restructuring plan. It did not specify how much it would to make available. The
        Bloomberg Business News.; Reuter  -  223 words
      • LOG BOOK
        • Article
          Lock icon Overseas Shipholding orders ship
          96 50 Reuter ORK Overseas Shipholding Group Inc on Wednesday said its Celebrity C ruise Lines lnc joint venture has exercised an option to build the third cruise ship in its Century Series. Construction has begun for the first Centurv Series ship, scheduled lor delivery in late 1995.
          Reuter  -  96 words
        • Article, Illustration
          Lock icon Bentley's new concept
          44 50 Reuter GENEVA Visitors to the Geneva International Motor Show on Wednesday checking out a prototype of the new Bentley Java Concept which is due to be launched in 1996. The car has a 3.5 litre Cosworth VB double turbo engine. Reuter
          Reuter  -  44 words
        • Article
          Lock icon Northwest wants gambling on board
          56 50 Reuter HONGKONG Northwest Airlines Inc has asked US government permission to operate gambling on board its flights, said John Watkins. the airline's managing director for Hongkong. China and Taiwan, on Wednesday. Northwest wants to install software for blackjack and other gambling games into personal video
          Reuter  -  56 words
        • Article
          Lock icon Mercedes to assemble cars in India
          109 50 Blioomberg Business News FRANKFURT Mercedes-Benz AG will sign a contract to set up a new joint venture company in April with Tata Engineering Locomotive Co (Telco) of India after the supervisory board of its parent company Daimler-Benz AG has given its agreement. It will
          Blioomberg Business News  -  109 words
      • Article
        Lock icon Price cuts put Fokker in the red
        244 50 FT AMSTERDAM Fokker. the Dutch aircraft maker, has ploughed heavily into the red for 1993 after slack market conditions forced it to cut prices to attract customers. The company, which came under control of Daimler-Benz of Germany last >ear. said net losses totalled
        FT  -  244 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1713 50 CNg Fl» ETA HW* ETO_ City fggt TO Htft H»_ Mm MaM GA970 2240 LH772 1615 LH773 2359 GA976 2359 SQ989 1725 SQ990 0130 C»n#w» op i fi's 9140 HlllHl QF81 1930 OF82 2050 SQ227 2230 6—CA977 1730 AnsttrdM KL843 0745 KL838 2335 1 VN741 1310
        1,713 words
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      26 31 #SHIP LASHING MATERIALS SPECIALIST Is oij ~i ic3 MtNTERMARINE SUPPLY CO. (PTE) UD N0.7, Bukit Batok Street 22, Singapore 2365. Trt: 563 3488 Fax: 563 6811
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      12 31 Ums aid stnicM raprwart:«d for advertising enquiries, contact Shipping Tmes: Tel 740-2089/740-2090
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      Page 31 Advertisements Column 3
      72 31 the FAMOUS Ciiisopc ■SEUMI224 1833 For more information pleewe refer to Pg. 15 How shipping costs affect consumer goods, Page 18 Asian airlines hit out at Kansai airport's high fees, Back Page Fairplav THE INTERNATIONAL SHIPPING WEEKLY Fairplay Publications Limited PO Box 96. Coulsdon Surrey CRS 2TE. United Kingdom Tel:
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      405 32 TSKUNE AGENCCS (S) PTE. LTD. I 1 wmrri Tel: 226-3363 £555! ULrMUr t 1 Jgg\ f Tlx: RS *****/TSKSIN qggjag? TOKYO SENRAKU KAISHA, LTD. CR No: U*****0000N I w >1(1 m m m m m m m mm mm mACX LOTUS 0498 **07.03 **09.03 0103 11.03 15.03 R3 22.03 22.03
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      1562 32 PIWKT T9 Vfft IMT CTftfT CTffHfgWi C WWWIft iffWßf) 4 JOB ML _U9K_ __U_ an bm joufl cwc w mn «aa w»m> rran ommtti mm* btmmm* khmmn* isr pi sir mr unani* na lm I CALBORNA PI CASUS 20 l(in 7 I 41 64 74 44 41 64 (4 94
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      2384 33 OOCL (I) PTE LTD JARDINE SHIPPING AGENCIES JARDINE SHIPPING AGENCIES SON. BHO. FA* *****42 PETALING JAVA TEL 03-*****76 FAX: 03-*****42 DOCUMENTATION TEL: *****55 (INWARD)/*****90 (OUTWARD) PENANG T f FS TEL: *****6 KBjR BOOKINGS TEL: *****80 *****81/ *****82 P ?nnAir IOPNSI pec /oca cc\ TCI *****91/ *****79 P.GUDANG TEL. *****2/3 PAX.
      2,384 words
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      1238 33 wamssasm U. S. A. /CANADA 3 TIMES A WEEK MAERSK KOBE V.9406 ETA SIN 15TH MARCH 94 MATHILDE MAERSK V.9404 ETA SIN 15TH MARCH 94 ANDERS MAERSK V.9404 ETA SIN 16TH MARCH 94 Vessel Voy ETA ETD Feedered by DESTINATIONS Tl*» MATHM.DE maersk v»«04 niwafftrEWßfawTiaiwniTWMaißW—miiw 03 oeoo mbs HSHIHHHIHHHHHHHH CrS
      1,238 words
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      1745 34 AOABA ROAM' IE ALSO ACCEPTING FROM VESSEL VOY NO SPORE JEDDAH (VIA JEO> S TON H BURG A WERP HAVRE WEST MALAYSIA DRESDEN EXPRESS 15/309 12/3 21/3 28 3 30 3 2'4 4 4 6'4 p ort Kelang p e nang KIRISHIMA 03/110 16/3 2/4 5/4 3/4 Pasir Gudang LUDWIQSHAFEN
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      675 34 FCL Breakbulk Service to: AFGHANISTAN M&M Afghanistan Ltd., Sole Foreign Forwarder in Kabul tor all services C.I.S.- Vostochny, Vladivostok, Moscow, Tashkent. Kiev, Minsk, Riga, Baku, Irkutsk, Alma Ata North Korea Vietnam Mongolia Hungary FULL CONTAINER SERVICE TO NORTH/WEST AFRICA VESSEL SIN OKR Bunga Pelangi V 2054 16/3 13/4 Ned Asia
      675 words
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      1584 34 NORASIA NORASIA SHARIAH 9410-3 16 03 06 04 09 04 10 04 11 04 12 04 13/04 14/04 15/04 15 04 NORASIA MUBARAK 9411 3 23/03 13 04 16 04 17,04 18 04 19/04 20/04 21/04 22 04 22 04 I NORASIA AL MANSOORAH 9412-3 30 03 20 04 23
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      1777 35 m STRAITS SHIPPING PTE LTD Mgf imam 10 Hoe Chiang Road #11-01 Keppel Towers Singapore 0208 Tel: *****88 Fox: *****17 MJgiMltl*fafcy*hl*MbWrMMWW'lsl;lllJlM £fe& new guinea pacific une qm <a service of china naviqation co> CARGO IXC SAILS STRAITS VtNTUW VO7E Muara. lab 09 10 Mir MPT 12 Mar FCL. LCI CONTAINER
      1,777 words
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      3471 35 SINGAPORE AGENT: DfiiA PAfltoitftAl*C p Containers (Singapore Agencies) Pte Ltd \t. CjL% W 10 Hoe Chiang Road #07-01 Keppel Towers. Singapore 0208 Tel: 225 2233 Tele* RS ***** PNOCSP Fax: 225 5327/222 7517 y CR Number **********0Z EXPORT IMPORT VESSEL VOV 'M« -PUG SIN SOU ANT ROT NAM GOT ME
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      8 35 HO CHI MINH TEL: *****26 FAX: $*****7 LENNON
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      25 35 VESSEL ETA ETO DESTINATION NMUT TAO 07/03 10/03 HAIPHONG SUBJECT TO INDUCEMENTS VIETHONG SHIPPING PTE LTD TEL: 225 1511 FAX: 225 0633 TLX: R*****1 VIETHK
      25 words
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      645 36 i§|k EKA JAYA AGENCIES >aK|r TEL: *****22 (8 LINES) FAX: *****05 SALES REPRESENTATIVES IN CHARGE r~MYANMAB TRADE PAGER HANDPHONE/DIRECT WILLIAM WK ?IW?S MAWQJ HQ CHI MINH CITY H6NBV HOE iiaos}4 727X26,5****** KELVIN CHAN 21«042S *****22/53M2H TO MYANMAR/YANGON SEMI CONTAINER SERVICE M QCEANLINES Wl VOY SPOKE I YANGOW SPORE IBH 31
      645 words
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      Page 36 Advertisements Column 2
      2122 36 HANJIN SHIPPING BOOKING TEL:- *****35-237 OPERATION TEL: *****41-253 SALES TEL:- *****22-233 DOCUMENT TEL: *****71-275 FOR VSL SM ILME HAUL SEA YVR POX fOR VSI SHU LINE HAUL SAV lIM NYC HANJIN ELIZABETH 011E Hi DIRECT 31.3 1 4 2 4 HANMN ELIZABETH 011E 11) M AMERICA 014 C 14 4
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      1814 36 IPM SGP *SG M*C HC PUS H*T OS* NGT Sltf I'O tU CMS Ml N'C im M )W l» IW m CM HI SOP c gro«ih is ii«jni2lini n j n i m i im 11 mut 211 m is Hi us in us 2js 2 6 «i t6 W
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      2702 37 sex: 'CALIFORNIA PEGASUS 20E' eta sgp 16/03/94 II H II ARRIVING LOS ANGELES 02/04/94 IN 16 DAYS HI 'NEPTUNE AVENTURINE 02E' ETA SGP 16/03/94 II II II ARRIVING NEW YORK 09/04/94 IN 23 DAYS HI *R1 Connecting 0c«—11 Osaka 32W to NK6 23/04/94 HM EXPORT TO: PSW/PNW SINGAPORE CALIFORNIA EXPRESS
      2,702 words
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      Page 37 Advertisements Column 2
      1114 37 I A I MULTILINE SHIPPING PTE LTD ■V (a member of SWSOV Group) CR NO: **********0 C ENQUIRIES: *****33 BOOKINGS: *****64, *****51, *****31, *****13 BALTIC: INWARD *****97 OUTWARD *****10 T/S *****10 BLASCO: INWARD *****65 OUTWARD *****28 T/S *****46 FESCO: BOOKINGS *****06 DOC *****07 MARINE INSURANCE: *****57 INVENTORY: *****59 AGENTS: KL:
      1,114 words
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      1735 38 Ku v W-f* AS AGENTS "K" LINE (SINGAPORE) PTE LTD (CR No: **********0 M) TEL: *****77 TELEX: KAWAKI R*****5 FAX: i MALAYSIA K" LINE MAftITIME (MALAYSIA) SON BHD TEL. SA *****00 PK *****75 PEN *****0 JB 236'0 1 PGU 5*8625 6 1 KM INDONESIA: P.T. SARANA LAIITINTERNUSA, TEL: JKT *****08
      1,735 words
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      Page 38 Advertisements Column 2
      785 38 ®APPENSHIP /Q\ HAMBURG ITT] CONVENTIONAL A INDEPENDENT LINER SERVICE V—/ EUROPE TO SOUTH EAST ASIA AND FAR EAST VESSELS LOADING PORTS DISCHARGE/LOADING FOR UNISON HAM 31/01 ANT 05/02 SPORE 12/03 BKK. LAEM •NZHENER PARKHONYUK KLP 09/02 TGN 21/02 TRT 02/03 SPORE 24/03. HUANGPU/XINGANG HONESTY SZE 16/02 HAM 22/02 SPORE 22/03.
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      Page 38 Advertisements Column 3
      397 38 /V*-, GOLDEN LINE A GUAN guan shipping \PS?M PTt > LTD 1 23. T«M Hftt Strttt SWGVORE 0104 TEL *****51 (10 LINES) Fa: *****04 (OR No **********0N) STRAITS/>E»»IAH CULT SERVICE S pore P Kelang Ptnang GOLDEN HM *«ach Dub* 20 22 N» TIME GHCt kKKft Outj. 30 31 kUt CHINA
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      1042 39 Ifgggflfg PACIFIC INTERNATIONAL LINES (PTE) LTD] 140 Cecil Street, #03-00 PtL Building, Singapore 0106. I CR NO: **********0E VESSEL VOY SIN BKK SIN VESSEL VOY «N JKT SIN KOTA SABAS SBIIN 13/3 16/3 20/3 MAJAPAHIT 4201 IS/3 IS/3 20/3 K«T* PauJiiiA I®', BUNQA TERATAI 4513 15/3 IS/3 22/3 a KOTA
      1,042 words
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      Page 39 Advertisements Column 2
      1496 39 ttSSUS VOY SW HAMBURG ROTUROAM AHIIWRf IHOMIS II HARVt WLU D AQUKA 7532W 11/03 03/04 OS/04 06/04 07/04 01 04 WLLI PHTPM »232W lt/03 0* 04 10/04 H/04 12/04 13/04 WUE DC LYRA 1112* 73/03 IS, 04 17/04 It/04 19/04 20/04 Will 0E WGA 9932W ___2t/JU__ 22/04 74/04 TV 04
      1,496 words
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      Page 39 Advertisements Column 3
      411 39 BSfl a M MYANMA pHHk FIVE STAR LINE (Myanmar National Line) Loading for Yangon (Rangoon) Spore P.Klj Pen P.Gdf PAGAN V2o7* In Port Sated MPA-AN V2oo* 15/17 Mar PAGAN V2OBW 29/31 Mar MALAYSIA AGENTS BOUSTEAO SUPPING AGENCES Ml TEL 03 *****00 (*l TEL 03 *****67 PEN ra 04 *****5 p®
      411 words
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      689 42 /^NORBUU^ I NORBULK CARGO SERVICES LTD. 1 I REGULAR CONVENTIONAL I I TIMBER AND PLYWOOD SERVICES MH.AGRO 20/3 25/3 ROT/AWT/UK I SP PK LOADING FOR I NORBULK TBN 20/3 OBN/CT/EL I ALSO LOADS TG MAHI ANO KK I PK SWK/SABAH LOADING FOR NORBULK NAMIR 15/3 XIAMEN/SHANGHAI SUBJECT TO CHANGE WITH/WITHOUT
      689 words
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      680 42 TO AUSTRALIA/NEW ZEALAND v. Md> > Um» mmSm us* 20 4 tafN HUOC Ui 1V« 22/* 2*/* I,S i/i BfttCSU 12! Vi 11/ i W/S 2t/i 2i/i a,> IV WIA AUCHIMIO TO USA/CANADA Gufporl Ch*Vll«l PtnHdrtphM AMIMItftN 32* i 10~i itT" 21, i 2*, i 2t/i HUN HUOtC 32* li'«
      680 words
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      678 43 (ft FAMOUS CONTAINER LINES 10 ANSON RD. #15-21 INTERNATIONAL PLAZA, STORE 0207 HOT LINE: *****33 (24 LINES) GOTHENBURG/SCAN 13/3 ROTTERDAM 13/3 AARHUS/COPENHAGEN 15/3 HAMBURG/BREMEN 13/3 MARSEILLE/FRANCE 14/3 FELIXSTOWE/UK 13/3 BARCELONA/SPAIN 14/3 LEHAVRE/FRAWCE 14/3 GENOA/ITALY 14/3 ANTWERP/BELGIUM 13/3 LOS ANGELES/WC/PI 13/3 SYDNEY/MELBOURNE 14/3 NEW YORK/EC 13/3 FREMANTLE/ADELAIDE 12/3 VANCOUVER 18/3 BRISBANE
      678 words
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      1666 43 _WRM********"' 77ZTZ M ve»»el *21 5*2 =5J vessel yov sin mi Hi |j ISRA WUM Hi Mon_ _14/3 OMIT. S oejA BHUM 454, Ffi MPT Sat I 12/3 M IVEBBELl VE88EL VOY J BHATRABHUM 1 THANA BHUM ST MPT Sun !5T K VIRA BHUM 11N Fri IH FT Moo 14/3
      1,666 words
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      1820 44 BAMMN CONTAINER LINES, INC Agents: MAC-NELB SPORE: *****22 (24 UNEB) LJ \S n ■'c/H No: **********0E SIBU (084) *****9 KUCHING (082) *****3 PENANG: (04) *****6 BANGKOK (662) *****57 MANILA (632) *****61 P.KELANG: (03) *****77 JAKARTA: (21) *****07 SURABAYA: (31) *****0 HKG/TWN/BKK I GENOA/EUROPE PEN PRL SIN 5 SAILINGS/WEEK PEN PK
      1,820 words
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      Page 44 Advertisements Column 2
      219 44 I SEAWARD SHIPPING AND I TRADING CO (S) PTE LTD [I* (U (i* STOW POST HUANG PtNANG BtUI lAOC In Pt tor Mai* MUVM MUDHU .'0 j OrscliargMi« and lu*Jini "of BontJi DOIPHN 20 J lojdtrs Fof Mair noNUR sum* 16 i lo«krij For lIW* UMWiDH Sa«W lojfiiri For Mdt*
      219 words
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      1125 44 f P THONG SOON UNES PTE LTD 1 I /W\ 78 SHENTON WAY #10-01, SINGAPORE 0207 I I V-X TEL: 227-5088 FAX: 227-6011 I I TLX: RS ***** CARRIER. RS ***** JENHOL CABLE: TOSOCO I 4 TMO— BOO* SINGAPORE TO SARAWAK VESSEL VOY SPORE OEST VESSEL VOY SPORE PEST EQUATOR
      1,125 words
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      648 45 ORIENT LINE" JAPAN/BAY OF BENGAL/lAPAN SERVICE ACCEPTING BttMBULK SOC CARGOES 10 FROM KOBE. YOKOHAMA. NAGOTA. MO*. TOKYO*. MAN*A° DAVAO* Pnunt* P Kelang Sinjapore E'Msia* IVYEVERETT VBE 04/05 Apr 06/07 Apr KARAOEVERETT VI6E 06/07 Apr KAMAIEVERETT V2OE 21/22 Apr 23/24 Apr ACCEPTING BREAKBUK FCL SOC CARGOES TO/FROM CNTTAGONG. CALCUTTA AND MONGIA*.
      648 words
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      226 45 IH CLOBY UMBAim CHOMP REGULAR LINER SERVICE TAIWAN TO SINGAPORE ft ASEAN DIRECT WEEKLY TO PORT KELANG/PENANG •AT ATTRACTIVE RATES* CR NO: **********0W SP PKL PNG KAO GLORY SELATAN VN 24/3 1/4 7/4 16/4 GLORY SELATAN V 12/3 15/3 SP PKL HCM HK KAO GLORY SELATAN IX 21/3 27/3 1/4
      226 words
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      552 45 jdbC PAKISTAN NATIONAL SHIPPING CORPORATION KARACHI BREAKBULK CONTAINER SERVICE vot ""af™ women HYDERABAD 127 HW 16/03 25 03 SAKGOOHA 141 HW 3/04 12/04 KAPIAI 6/04 16/04 ISIAMABAD 121 HW I 2/05 11/05 FAR EAST CONTAINER SERVICE ONLY VESSEL WOT SIN HKG BSW OSA "wAG*" TOW MAKRAN 146 OW 06/04 10
      552 words
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      Page 45 Advertisements Column 4
      734 45 FORTNIGHTLY DIRECT CONTAINER SERVICE SIN TO DURBAN/P. ELIZABETH CAPETOWN/LAGOS VESSEL SIN DURBAN P ELIZABETH CPT LOS SHUN ME/101 11, 03 25/03 26 04 28 03 05/04 TAO ME 82 26. 03 10,04 11/04 13/04 20/04 lIAN HE 82 11/04 25/04 26/04 28/04 OS/OS HOI HE 104 26 04 10 05
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      329 45 SIN FAR EAST 15/03 KEELUNG KAOHSIUNG 19/03 BANGKOK 13/03 MANILA/CEBU 13/03 JAKARTA/BELAWAN/SURABAYA 14/03 PORT KELANG/PENANG/E. MALAYSIA 14/03 BUSAN 13/03 TOKYO/YOKO/KOBE/NGOOSA 14/03 HONG KONG s!N china 14/03 GUANGZHOU/HUANGPU SHENZHEN FUZHOU/XIAMEN/SHANTOU/SHEKOU DALIAN/SHANGHAI XINGANG TIANJIN/QINGDAO HAIKOU also accepting LCL cargo SIN EUROPE/UK 15/03 LDN/FLX/LVP/SOU 15/03 RDM HAM ANT/LEH/GOA/OSL/GQT/BCN also accepting cargo to Austria/
      329 words
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      859 46 Handling System Co. Ptc. Ltd. 136 A 138, Neil Road, #03-00, Singapore 0208 TT7 VT7 CFS-20, Gul Road, Singapore 2262 Tel: 02-*****28 Handling System Co. Sdn. Bhd. N0.9 Lorong Cui»j»ah, ***** Port klang, Sclanj»or. Malaysia 24th Floor. l .MBC Main Building. ***** kuala l.umpur. Malaysia Handling System (HK) Co. Ltd.
      859 words
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      Page 46 Advertisements Column 2
      492 46 y Conform CONTERM FREIGHT (F.E.) PTE LTD. AUCKLAND 18 MARCH (Accepting to all New Zealand porta) PENANG 18 MAR JAKARTA 15 MAR PORT KLANG 17 MAR BAN6KOK 13 MAR MELBOURNE 17 MAR SYDNEY 17 MAR FREMANTLE 18 MAR BRISBANE 22 MAR ADELAIDE 17 MAR I GOTHENBURG 19 MAR 'ACCEPTING TO
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      Page 46 Advertisements Column 3
      471 46 Next Week's Sailings Singapore To! ETd lo! KTD K,l^ilA^VAR R DI'D IN Singapore Singapore I*° "Hi B\ I.RQA EVERY EVERY Bangkok SI N Jakarta SUN Cfc)j EVERY EVERY Manila SI N Ho Chi Minh FRI fDI EVERY EVERY ■Si Colombo TIE Limassol THL'R INTERNATIONAL SEA FREIGHT FORWARDING 4k Tel: l
      471 words
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      Page 46 Advertisements Column 4
      47 46 Ah rohlig int l line PHONE: 3232 500 EMILY/CONNIE/JULIANA DAILY RECEIVING LCL CARGO TO YANGON: ETA DESTINATION 15/03 22/03 BREMEN/HAMBURG 17/03 30/03 DURBAN/JOHANNESBURG/PORT LOUIS 17/03 25/03 FREMANTLE/SYD/MEL 14/03 21/03 BOMBAY/KARACHI 15/03 19/03 BANGKOK 25/03 05/04 YANGON WEEKLY CHINA CONSOLIDATION VIA HONG KONG: 15/03 18/03 IHKG/GUANGZHOU/OINGDAO/SHANGHAI I XIAMEN/XINGANG/WHAMPOA
      47 words
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  • Page 47 Advertisements
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      Page 47 Advertisements Column 1
      1434 47 M miMßßgy CRYSTAL FREIGHT SERVICES PTE LTD IOTT TEL N0: *****88/*****88 ASIAN WWTS MHUIIUim/IMMLUiI EUMPE AUCKLAND 18/3 ANTWERP 14/3 ic/o ADELAIDE 17/3 FELIXSTOWE 16/3 wnwrs KONfi ifi/t BRISBANE 17/3 HAMBURG 13/3 lAKARTA FREMANTLE 11/3 ROTTERDAM 13/3 SURABAYA 15/3 MELBOURNE 11/3 KEELUNG !I3 SYDNEY 11/3 KAOHSIUNG 18/3 n KOBE 13/3 OTHER
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      Page 47 Advertisements Column 2
      227 47 rfSZs CIYION SHIPPING CORPN nag?) National Une of Sri Lanka CONTAINERISED Stß\ ICE TO I k \ND NORTH CONTINENTAL PORTS *sgt kh m no n» m wn thams lh» DtUCI AQULA *****1 WO3 13 03 01 04 03 04 04 M 05 04 %04 not ASIA SWCA MOT 3 W
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      Page 47 Advertisements Column 3
      259 47 LINE SEMI-CONTAINERISED SERVICE EASTBOUND SCHEDULE N0.27 PORTS VOY MONTTVIOCO BUENOS DURBAN JAKARTA SINGAPORE HONG KONG KA6OSMMA YOKOHAMA VESSELS AWES'" 21 I PEKABWIST EBQ7 SAILED SAILED 09/03 22 23/03 01/04 07 11/04 12/04 N. KBUPSKAVA EBQB SAIUD 26/0208/03 21/03 02 05/04 07 11/04 16/04 20-21/04 23/04 PWIMOWSK EBO9 15/03 1621/03 03/04
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  • Page 48 Advertisements
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      Page 48 Advertisements Column 1
      473 48 WORTH PHILIPPINES FULL CONTAINER SERVICE VESSEL VOYAGE SWGAPORE MANILA VW** PACIFIC 9411N 11/03 (FRI) 19/03 (SAT) WQW" MCIS WU*N 14/03 (MOW) 19/03 (SAT) '2EL PENANG JAVA 9402N 18/03 (FRI) 26/03 (SAT) FMMT MOWD Y PENANG JAYA 9402 AN 21/03 (MOW) 26/03 (SAT) SOUTH PHILIPPINES FULL CONTAINER WOBBOk VESSEL VOYAGE SWGAPORE
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      Page 48 Advertisements Column 2
      381 48 I, PT BAHARI HALUAN SAMUDERA Weekly COMMON FEEDER SERVICE VESSEL VOY SWGATORE TOUT KELANC BELAWAK TAMBANG VHI 1015 14-15/03 1617/03 18 19 03 TAMBANG VHI 1016 21 22 03 23-24,03 2526/03 MDOfCSiAN NAVPORT 1) IAKARTA-BUAWAN-lAKARIA 2) tAKARTA-fANJAIC-tAKARTA SHMRANG SURABAYA SCMARANG lAKARTA INDOJAYA J SHIPPING ft TRADING PTE LTD j I
      381 words
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      Page 48 Advertisements Column 3
      21 48 -V STRAIGHT TALK You shouldn't have to read between the lines to get the full picture. Companies Markets. Everyday. Busmessßmes «anii
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  • Page 48 Miscellaneous
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      Page 48 Miscellaneous Column 1
      691 48 TODAY'S TIDES (height in metres) HOW 0000 0100 0200 0300 0400 0500 0600 0700 MOO 0900 1000 1100 1200 1300 1400 1500 1600 1700 1100 1900 2000 2100 2200 234^ 2.5 2.2 1J 1.3 1.0 09 0.9 1.1 1.6 2.2 2.7 2.9 2J 2.5 1.9 1.3 0.9 0.6 0.5 0.5
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  • Page 49 Advertisements
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      Page 49 Advertisements Column 1
      944 49 HYUNDAI I I MERCHANT MABINE CO. ITD. WESTBOUND TO EUROPE BKG: *****61 PftA* PKE* PGP* VESSELS VOY 81 RTM AWT* LEH* HAM BWEt FEL 02/03 04/03 05/03 SI MARINER 309* 14/03 01/04 02/04 04/04 02/04 02/04 05/04 09/03 11/03 12/03 H. INNOVATOR 308N 21/03 08/04 09/04 11/04 09/04 09/04 12/04
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      Page 49 Advertisements Column 2
      498 49 STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS INBOUND VESSELS Hssu vor sr n kvc u MUNI SIT 111 Sltt SIM 14G8Y4 «H 14/1 I? J COSMC LtAßtt *4 J 23 3 COSMCnOKM MS 23 3 COSMC CNtlUKtl 131 22 3 24 I OUTBOUND VESSELS LOADINC FOR SEN/NAC SEKI
      498 words
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      Page 49 Advertisements Column 3
      980 49 Is TORI KD S TON HSURG RDAM UN Abe Cap F« DRISOIN EffRISS IS, 309 12/3 21/3 M, 1 2/4 4/4 4/4 Swthanpton to *UK Mitotan. B«H»I ml Dubto KRSMIA 03/110 14/3 2/4 5/4 7/4 Rottcrdan :to 4 Antvop. Amtordan .o*. IkMi lUDIKSMAKN EXPRESS 12/310 19/3 2S/3 4/4 9/4 11/4
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