The Business Times, 10 January 1995

Total Pages: 44
1 44 The Business Times
  • 13 1 Busmess Times WE KNOW ASIA MITA(P) 194/12/94 Tuesday January 10 1995 75 c
    13 words
  • 2 am LATEST
    • 57 1 Reuter NEW YORK Wall Street stocks were mixed yesterday as investors turned cautious prior to the upcoming inflation data. The Dow Jones industrial average was off 8.41 points at 3,859.00 at 1 pm EST. In the broader market, advancing issues led declines by a small margin
      Reuter  -  57 words
    • 46 1 Reuter WASHINGTON The US government should become an even stronger advocate for US firms trying to get overseas business, said a top Commerce Department official yesterday, who predicted the 1995 US trade deficit will match or exceed 1994'5. Reuter
      Reuter  -  46 words
  • 164 1 Stock market indices Monday Change STII „2,181.66 -27.71 KLSE Cotnp 934.95 -20.48 Nikkei 19,444.92 -74.54 HangSeng 7,528.99 -154.37 SET Index 1,347.99 -15.11 Jakarta Comp 477.04 -4.18 CLSA China B 879.59 -12.41 Aust All Ord 1,858.9 -8.8 FTSE 100 3,055.8 -9.2 Monday Pre* loos 1pm EST dose Dow Jones
    164 words
  • 569 1  -  Reports by Quak Hiang Whai SINGAPORE Approved foreign brokers which are not members of the Stock Exchange of Singapore will be able to deal directly in stocks listed and quoted in foreign currencies here from next month. These brokers stand to
    569 words
  • 450 1 SINGAPORE The government is in the process of drafting legislation to regulate leveraged foreign exchange trading. Finance Minister Richard Hu said yesterday. He also revealed that, as an alternative to unregulated trading. the Singapore International Monetary Exchange (Simex) plans to offer
    450 words
  • 552 1  -  From Anthony Rowley JAPANESE Prime Minister Tomiichi Murayama is scheduled to meet US President Bill Clinton in Washington today for talks expected to range considerably wider than the bilateral trade issues that normally dominate such summits. Though bilateral trade especially
    552 words
  • 483 1  -  By I Lee Han Shih SINGAPORE Former Deputy Prime Minister Goh Keng Swee will soon take on what is believed to be his first directorship in a listed company. He will be appointed vicechairman of Hong Leong Asia (HLA), the industrial
    483 words
  • 184 1  -  By R Sivanithy SINGAPORE Concerns over rising US interest rates weighed heavily on sentiment throughout the region yesterday, as all stock markets recorded sharp drops. In Singapore, dealers reported that selling by Hong-kong-based funds helped to drag down the Straits
    184 words
  • Page 1 Advertisements
    • 182 1 I] PREVENTS SWEATY I*l PALMS! !H L-J IT REALLY WORKS! Available at pharmacies and supermarkets STpweNews 2 Spw&w' J7.1&19 Regional News 3.4.5 Financial 20.21 World News 8 features Markets Analysis 15 Ctob/W-SE. SES 24 26 E(Mortal 14 Regional 22 Sports 12 World 23 TV/lrtetyte 11 Currenaes 20 Property 13 Stmex/Commo
      182 words
    • 34 1 Property: Pg 13 L_ China's second-tier cities MORE REPORTS, Pg 2 Derivatives here to stay despite concern over losses abroad: Dr Hu Regulation of forex bucket shops will be good for all, say traders
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    • 10 1 J Hock Lock Siew: Pg 17 The Hang Seng guess,
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    • 111 1 PREVENTS SWEATY SMELLY FEET! ■j FEfIT FEB! FEfIT lUN r 1 Zte IT REALLY J—lt lr W °RKS! Available at pharmacies and supermarkets Bottom Line: Pg 16 Rao's task in reforms Regional markets, Pg 22-26 Deng desperately ill and in hospital, say reports Pg 16 Carrier gives time its finest
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  • SINGAPORE NEWS
    • EYE on the ECONOMY
      • 351 2  -  By Ven Sreenivasan THE manufacturing sector, which is expected to have grown 12 to 13 per cent in 1994, will remain the main engine of growth for the economy this year, analysts believe. The electronics sector, which shows little sign of slowing after having grown a
        Source: Dept of Statistics, HG Asia  -  351 words
    • 513 2 Reuter SINGAPORE'S petrol market is stuck in a mire after prices lost at least 18 per cent in the past two months as the market searches for a replacement benchmark grade, traders and refiners said. In November and December, ohe pace of
      Reuter  -  513 words
    • NEWS ROUNDUP
      • 88 2 THE Trade Development Board and Economic Development Board are leading a team of eight local companies to the United States. The mission, which is part of a concerted effort by the two government agencies to develop the health-care sector and supporting industries, left for
        88 words
      • 114 2 SINGAPORE and the Indonesian port of Belawan will be electronically linked to each other from today. Belawan is located in Northern Sumatra, serving the city of Medan and the surrounding area. It is the first Indonesian port to establish an electronic data interchange link
        114 words
    • 344 2  -  Conference on global challenges in financial markets By Quak Hiang Whai FINANCIAL derivatives are here to stay despite some concern over recent huge losses sustained by traders overseas. Finance Minister Richard Hu told reporters yesterday that unlike in overseas
      344 words
    • 183 2 CLOB investors could not hold broking firms accountable if their scrip was misappropriated by a remisier, the deputy chairman of the SES, George Teo, said yesterday at a seminar on financial markets. He made the remark after recent cases when remisiers absconded with
      183 words
    • 295 2 FACED with shrinking prospects in their traditional roles, many banks had turned increasingly to derivatives to fill the void, Elizabeth Sam, chairman of the Singapore International Monetary Exchange, said yesterday. Banks, she explained, were using derivatives in creative ways to
      295 words
    • 465 2  -  By Paul Leo THE finance industry has welcomed moves to regulate firms that offer leveraged foreign exchange trading services to the public. "The playing field will be level (if regulations are introduced)," Peregrine Futures director Lim Yok said
      465 words
    • 260 2 THE local operations of electronics giant Philips were a role model for the group around the world, chairman JD Timmer said yesterday. Speaking at an event at the Singapore Indoor Stadium to mark the company's first international Customer Day, Mr Timmer
      260 words
    • 218 2 OVER 2,000 teachers are expected to be promoted next month to two new intermediate scales introduced last year to bring the education service more in line with other professional services in the public sector. Education Minister Lee Yock Suan said last
      218 words
    • 323 2 THE Housing and Development Board (HDB) is revising parking charges for 23 car parks from Feb I. In a statement yesterday, the board said the revision affects both multi-storey as well as surface car parks. The monthly residential season car
      323 words
    • 534 2  -  The IHT case By Ramesh Divyanithan THE High Court yesterday ordered American lecturer Christopher Lingle, the Asia editor of the International Herald Tribune (IHT), its publisher and related parties to answer charges of contempt of court. Justice Goh Joon Seng said he was
      534 words

  • SOUTH-EAST ASIA
    • 407 3  -  From Leslie Lopez in JAKARTA AFTER nearly a decade of protracted and sometimes acrimonious negotiations, the Indonesian government and US oil giant Exxon have sealed an agreement on the development of the US$34 billion (5549.4 billion) Natuna gas project. But industry analysts
      407 words
    • NOTE BOOK
      • 55 3 Bloomberg Business News HANOI The State Bank of Vietnam, the country's central bank, is preparing to bring debts Vietnam owes foreign banks to the London Club for settlement, the Sunday Vietnam News reported yesterday. The U*****.7 million (*****.3 million) debt will be partly cancelled
        Bloomberg Business News  -  55 words
      • 74 3 AFP KUALA LUMPUR Huge imports of raw materials by China helped Sino-Malaysian trade expand 51 per cent in the first nine months of last year compared with the same period in 1993. Bilateral trade rose to M 56.48 billion (553.7 billion) between January and September last
        AFP  -  74 words
      • 68 3 Reuter JAKARTA A growing economic divide and not religious or ethnic differences is the issue most likely to threaten Indonesia's unity and stability, said Planning Minister Ginandjar Kartasasmita on Saturday. Mr Ginandjar, speaking at an Indonesian Muslim Intellectuals Association meeting, said the threat of disintegration
        Reuter  -  68 words
      • 60 3 Reuter HANOI Vietnam exported seafood worth a record US$45B million (***** million) last year, thanks in part to increased fishing in waters that are disputed by China, the official Vietnam News Agency reported yesterday. For the fourth year in a row, Vietnam's fishermen hauled
        Reuter  -  60 words
    • 292 3 Reuter MANILA A marine inquiry has found the chief officer of a Singapore ship mainly to blame for a collision with a Philippine ferry which killed more than 140 people, the Coast Guard Chief said yesterday. Commodore Arturo Capada said that a
      Reuter  -  292 words
    • 56 3 Reuter HANOI Pham Thi Sau, with her two-year-old son Giang, waiting for customers here yesterday. Ms Sau, 26, buys pineapples from Ninh Binh province, about 100 kilometres south of Hanoi, for 600 dong (about 550.09) each and sells it in the Vietnamese capital for 1,000 dong. She makes
      Reuter  -  56 words
    • 298 3 Reuter PHNOM PENH Cambodia's prime minister has ruled out any settlement with Cambodia International Airlines (CIA), whieh has threatened to sue the government for US$lOO million (Ssl4s million) after its operations were shut down. Prince Norodom Ranariddh, asked by reporters yesterday if
      Reuter  -  298 words
    • 419 3 MBT KUALA LUMPUR More companies are on the look-out for "multi-function" and "multi-skilled" workers as part of a way to resolve rampant job-hopping and skills shortage in the labour market. This emerging trend, said to have become a culture among employers in the
      MBT  -  419 words
  • Page 3 Advertisements
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  • CHINA/HONGKONG/TAIWAN
    • CHINA WATCH
      • 111 4 AFP TAIPEI Police are hunting a Singaporean, after 20 people were swindled out of more than NTS 100 million (555.6 million). Officers yesterday said the 41-year-old man, who came to Taiwan at the end of 1991, had allegedly used uncashable cheques to buy jewels,
        AFP  -  111 words
      • 90 4 Reuter BEIJING China's contracted foreign investment in 1994 was USS6B.I billion (5598.7 billion), down from US$llO.9 billion in 1993. The Xinhua news agency yesterday quoted the Ministry of Foreign Trade as saying actual investment in the year was U5527.7 billion, up from U5525.76 billion in
        Reuter  -  90 words
      • 68 4 AFP TAIPEI Taiwan will set up an offshore securities centre with liberalised overseas equity business. China Times Express yesterday said the authorities would establish the planned centre in Taipei, allowing local nationals to buy and sell foreign bonds and shares of listed companies. The Finance
        AFP  -  68 words
      • 78 4 AFP BEIJING China's Communist Party mouthpiece yesterday lashed out at the European parliament's decision to fund a human rights centre in Hongkong, which reverts to Chinese sovereignty in 1997. "The European Parliament has no right to take such an action," the official People's Daily
        AFP  -  78 words
      • 66 4 AFP BEIJING A senior Chinese official has called for rural township enterprises that seriously pollute the environment to be shut down, even if they are major earners for the locality. The China Daily yesterday quoted State Councillor Song Jian as saying township enterprises should become
        AFP  -  66 words
    • 222 4 AFP TAIPEI Taiwan is to send an advance party to Beijing to prepare for high-level talks later this month aimed at improving ties with its bitter political rival, officials said here yesterday. Three senior members of the semi-official Straits Exchange Foundation
      AFP  -  222 words
    • 465 4 Reuter BEIJING China, facing a looming trade war with the United States over infringement of patents and copyrights, said yesterday it aimed by next year to cut the time for registering a trademark to 12 months from 20. A computer network of
      Reuter  -  465 words
    • 477 4  -  By Schutz Lee SINGAPORE The WuxiSingaporc Industrial Park (WSIP) has obtained a US$6O million (5587.6 million) loan from nine banks, led by the Singapore branch of the Bank of Tokyo. It is the first loan taken by WSIP as well
      Photo by Chris Loh  -  477 words
    • 300 4 Bloomberg Business News BEIJING China has moved to maintain the image of its sputtering space programme, saying the failure of its most recent satellite launch will not jeopordise contracts to launch 30 foreign satellites by the end of the century. The coordinators
      Bloomberg Business News  -  300 words
    • 225 4 Reuter BLUING Callers in China's southern Guangdong province who steal cellular telephone codes to dial for free could face the death penalty, the China Daily quoted a senior official as saying. The Guangzhou Telecommunications Bureau receives more than 400 calls a day
      Reuter  -  225 words
    • 371 4 Reuter HONGKONG After 45 years, the Hongkong and Shanghai Bank has taken the first step towards reclaiming its once formidable reason for using "Shanghai" in its name. The bank had formally applied to receive the tender documents for its old headquarters. which it was
      Reuter  -  371 words
    • 278 4 AFP BEIJING Japanese Finance Minister Masayoshi Takemura arrived here yesterday for a three-day visit aimed at repairing relations battered by a row last year over Taiwan's representation at the Asian Games, sources said. Mr Takemura met with Vice-Premier Zhu Rongji, who
      AFP  -  278 words
  • Page 4 Advertisements
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      163 words
    • 48 4 {ISUcm^ if'- Lunar New Terms Cash payment only •Hampers mus» be scni by lsJan-95 •No cnuilemcnt (or all gifts Ofter only apply 10 codc Qll 3 as shown above Prices exclude 3* GST PARAGON HAMPERS GIFTS PTE LTD l Kaki Bukit Road 2 #04-09 Eunos warehouse Singapore 1441
      48 words

  • REST OF ASIA
    • 465 5 Reuter SYDNEY A dip in retail sales in November from record levels, along with softness in other recent economic indicators, shows Australia's brisk pace of economic growth slowing in final quarter of 1994, analysts said yesterday. The data reflect three official
      Reuter  -  465 words
    • 236 5 Reuter MELBOURNE The Australia and New Zealand Banking Group Ltd said its job advertisement series fell a seasonal-ly-adjusted 4.7 per cent in December for a rise of 17.6 per cent from December 1993. In trend terms, the number of job ads rose by
      Reuter  -  236 words
    • 290 5 Reuter WELLINGTON New Zealand farmers say a drought afflicting parts of the country has reached crisis proportions, but analysts say it is too early to speak of any measurable impact on the economy as a whole. John Boddy, vice-president of lobby group Federated
      Reuter  -  290 words
    • 481 5 Reuter SEOUL South Korea yesterday announced it would ban registrations of real estate under false names from July 1 to root out tax evasion and discourage property speculation. Finance and Economy Minister Hong Jae Hyong told a news conference that violators of the new
      Reuter  -  481 words
    • ASIA NOTES
      • 95 5 AFP NEW DI L.HI [he Indian government yesterday ofTcred investors up to 10 per cent equity in six profit-making public sector firms as part ol its privatisation programme. Bids have been invited from prospective buyers for shares in Indian Oil Corp, the
        AFP  -  95 words
      • 86 5 AFP TOK.Y O Japan's machine tool orders in November surged 43.9 per cent from a year earlier to 54.4 billion yen (SS7BO million) to signal an upturn in corporate capital investment, an industry group said yesterday. It was the largest rise in nearly six
        AFP  -  86 words
      • 92 5 AFP NEW DELHI India is hoping for a take-ofT in trade and investment with Japan following the first ever visit here by a Japanese Minister of International Trade and Industry. Ryutaro Hashimoto's trip should lead to "a substantial increase in Japanese investment and act as a
        AFP  -  92 words
      • 59 5 AFP WASHINGTON The United States and Japan have nearly concludcd a deal on opening Tokyo's financial services market, US Ambassador to Japan Walter Mondalc said here yesterday. Negotiators have been working to finish a financial services deal ahead of Japanese Prime Minister Tomiichi
        AFP  -  59 words
    • 192 5 Reuter TOKYO Japan's Socialist party moved closer to a split yesterday as rebels stepped up moves to form a new party just a day before Prime Minister Tomiichi Murayama leaves for the US. However, political analysts foresaw no immediate threat
      Reuter  -  192 words
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      42 words

  • Page 6 Advertisements
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    • 110 7 NATIONAL SEMICONDUCTOR ON YOUR NEWEST ADDITION. r r> CONS^ SINGAPORE BRANCH We are proud to be the main contractor for this project. ml!^„^^^————l I HAHTECH IJ Y HUANG I DDD®Dfte(SfSß(rag I ALE SANTI CONSTRUCTION PTE LTD CONSTRUCTION PTE LTD pfi® 06fl I L^i^—l -S I B THI A I I
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  • THE WORLD
    • 474 8 City projects delayed because there are too many of them Reuter SAN FRANCISCO The city of Los Angeles, facing unprecedented infrastructure demands, is developing plans to hire outside firms to oversee the planning and construction of bond-financed projects, city ofTicials said.
      Reuter  -  474 words
    • 235 8 AP LOS ANGELES About 40 diplomats, from China to Belize, were in Los Angeles on Sunday, winding up an all-ex-penses-paid weekend intended to show the advantages of doing business in California. They were feted at black-tie dinners, entertained by the
      AP  -  235 words
    • 284 8 Bloomberg Business News TOKYO Mexican Finance Minister Guillermo Ortiz yesterday kicked ofT a four-day visit to Japan designed to shore up his country's ailing currency and to win the support of the Japanese government and its massive banks. But Mr Ortiz ran into a roadblock
      Bloomberg Business News  -  284 words
    • 57 8 AFP GUERNEVILLE, California Six-year-old Sandy Chavec waiting in a shopping cart on Sunday as her mother stocks up on groceries at a store here before evacuating the area. After flash flood warnings were issued, hundreds of residents were evacuated along three rivers that were
      AFP  -  57 words
    • 366 8 Reuter LONDON More British financial leaders are upbeat about the effects of a European monetary union on London business than those who fear the common currency plan, says a survey of top London financiers, released yesterday. The survey, conducted by the
      Reuter  -  366 words
    • 252 8 Reuter LONDON A majority of UK companies in the small-to-medium size range expect increased turnover and profitability this year and are more optimistic overall than their European Union counterparts. Initial results from an annual European business survey conducted by UK financial
      Reuter  -  252 words
    • WORLD WATCH
      • 84 8 Reuter LONDON British police said on Sunday they had launched an inquiry into allegations that a detective honoured for her work on the Frederick West serial murder case was trying to sell her story for £1 million (552.25 million). Detective Constable Hazel Savage, 50, is
        Reuter  -  84 words
      • 99 8 Reuter LONDON British Prime Minister John Major said on Sunday he had no plans to create an independent central bank, one of the prerequisites for a single European currency. "We have no proposals to bring forward legislation for the independence of the Bank
        Reuter  -  99 words
      • 90 8 AFP JOHANNESBURG A six-day civil service strike came to a temporary halt yesterday when nearly all workers returned to their jobs to give the government time to respond to union demands, organisers said. The strike by the Health and Public Service Workers' Union
        AFP  -  90 words
      • 71 8 AP GROZNY, Russia Russian tanks and soldiers tried to seize the presidential palace in savage street fighting yesterday, while Chechen rebels darted from house to house trying to knock out Russian armour. The area around the presidential palace, which has become the symbol of Chechnya's
        AP  -  71 words
    • 421 8 Reuter LONDON The main government bond markets of the United States, Germany and Japan offer the greatest potential for gains in 1995, despite the bruising they received last year. Bond strategists yesterday said the United Kingdom, France and Canada were also
      Reuter  -  421 words
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      206 words
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  • Page 9 Advertisements
    • 115 9 THE BEST INVESTMENT IN '95 Invest In Your Future Join us at the Global Entrepreneur Forum '95 Learn about the latest in business and technological trends from some of the most respected minds in the world Build invaluable global contacts Enhance your entrepreneurial skills Listen to some of Asia's top
      115 words

  • Page 10 Advertisements
    • 1029 10 Nothing Beats A Bud. B fcjyfl where to wine, dine and entertain OF r Hom*e««k*d P»«ti tm \JB H Mtrydty tnly P Putt Friiet (wfS «f 10 Varieties of Pasta pfj I 20 different sauces 5 5» And all-time Italian favourites A H antipasti, pizza and puccia. j&IT/. PASTA FUESCA
      1,029 words
    • 402 10 Celebrating Fish Lefs drink to fish. Bouillabaisse or Tom Yam? Top of the M celebrates fish with a lunch buffet of every imaginable fish recipe. Salmon, sole. snapper, sea bass... If it can be caught, it can be JiUp cooked. And we know all the delicious wags. Continental or Oriental
      402 words

  • LIFESTYLE
    • 800 11 Even as the centenary of the birth of movies nears, old films face the risk of literally going up in smoke Reuter The film world celebrates the 100 th anniversary of its first flickering image this year, but the rejoicing is overshadowed by fears that much of
      Reuter  -  800 words
    • 447 11 CHATTERBOX AP AP AP AP SINCE his mother's death and the end of his relationship with Daryl Hannah, John F Kennedy Jr has found a new focus. It's George as in Washington. Kennedy is showing up daily to work on a monthly political
      AP; Reuter  -  447 words
  • Page 11 Advertisements
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      365 words
  • Page 11 Miscellaneous
    • 1284 11 TV RADIO I National Geographic Special, 9pm, Ch 12 ''uE& MMH The century's most powerful "iBkY^B/jBy^BBB volcanic eruption turned the %S.. Katmai region in Alaska into a v\V BS footage the havoc by the films show Great Railway journeys Of The World, 11pm, Ch ,^SSE^Jfl^^Ulf^U Rian Malan hops on the
      1,284 words

  • SPORTS
    • 533 12 National Football League playoffs AFP DALLAS Emmitt Smith reinjured his left hamstring on Sunday, casting a pall over a Dallas playoff triumph that moved the two-time defending American football champions within one victory of the Super Bowl. Smith rushed seven times for 44
      AFP  -  533 words
    • 648 12  -  By William C Rhoden NYT SAN DIEGO For Dan Marino, the territory looked awfully familiar: a playoff barrier standing once again between the Miami Dolphins and a coveted trip to the Super Bow!. In 1991, Miami defeated Kansas City in a
      NYT  -  648 words
    • SIDELINES
      • 100 12 AFP KUALA LUMPUR A blind man with no interest in football has been identified as the mastermind behind scores of Malaysia's fixed soccer games, officials said yesterday. The 50-year-old man. among more than 50 underground bookies and players arrested since August, astounded authorities with
        AFP  -  100 words
      • 104 12 AFP GEORGE, South Africa World No 6 Ernie Els cruised to victory in the 600,000 rand (*****,000) Bell's Cup golf tournament here on Sunday with 13 under 275. With a two-under-par final round, the South African beat compatriot Hendrick Buhrmann and P H Horgan of
        AFP  -  104 words
      • 107 12 AFP MELBOURNE Mike Atherton (right) yesterday stood by his comments that English cricket should concentrate on promoting young players, but denied he had made any criticism of the current touring party. The England skipper, commenting on the comments published in the London Mail on Sunday
        AFP  -  107 words
      • 91 12 AFP LONDON The first talks for 100 years between top officials from the Rugby Union and the Rugby League will take place later this month and could lead to a truce between the two codes, it was revealed by the Independent newspaper here on
        AFP  -  91 words
      • 106 12 AP BUENOS AIRES, Argentina Former world middleweight boxing champion Carlos Monzon was killed in a car accident on Sunday in the small town of Santa Rosa de Calchines, 470 km north of Buenos Aires, police said. Authorities initially said Monzon's car struck another
        AP  -  106 words
      • 104 12 AFP ROME Japanese volleyball star Motoko Obayashi made a stunning Italian championship debut here on Sunday for new club Brummel Ancona. Motoko, on a one-year contract, was the best player on court as she won 10 points and made 16 service returns in Brummel Ancona's
        AFP  -  104 words
    • 711 12  -  Golf Mercedes Championships winner triumphs after being six strokes behind. Larry Dorman reports Larry Dorman NYT CARLSBAD, California In a reversal that was as stunning as it was swift, Steve Elkington came all the way from six strokes behind to a suddendeath victory on
      NYT  -  711 words
    • 666 12 America's Cup NYT NEW YORK In less than 90 days, six America's Cup yachting syndicates will probably be packing their bags for home. Each one will have spent as much as US$3O million (5543.56 million) to win a boat race
      NYT  -  666 words
    • 439 12 AFP MELBOURNE World No 1 Pete Sampras yesterday called for a designated off-season in tennis, >a refined ranking system and the reinstatement of the 25-second rule between points. Sampras, who is tuning up for next week's Australian Open here in an
      AFP  -  439 words
    • SCORE CARD
      • 26 12 NEW YORK National Football league playoffs on Sunday National Football Conference: Dallas 35 Green Bay 9. American Football Conference: San Diego 22 Miami 21.
        26 words
      • Article, Illustration
        203 12 NEW YORK NBA on Sunday: NY 102 Minnesota 87; Detroit 88 Orlando 108; Denver 102 Milwaukee (OT); LA Lakerc 122 Miami 105. Standing* (W L Pet GB) Eastern Conference, Atlantic Di»: I Orlando 26 6 .813 2 NY 18 12 600 7 3 Boston 12 19 .387 13V? 4
        203 words
      • Article, Illustration
        242 12 CARLSBAD, California LS$l million (551.46 million) Mercedes Championship final round on Sunday (US unless stated): 278 Steve Elkington (Aust) 69 71 71 67, Bruce Lictzke 71 69 71 67. Elkington won with a birdie on the second extra hole. 279 Bill Glasson 70 69 73 6 7 280 Craig
        242 words
      • Article, Illustration
        106 12 SYDNEY L *****,000 New South Wales Open Ist rd yesterday Men: Jamie Morgan (Aust) b 3-Thomas Muster (Aus) 6-2 6-4; Michael Tebbutt (Aust) b Jared Palmer (US) 7-6 (7-3) 6-7 (4-7) 7-5; 7-Andrca Gaudcnzi (Ita) b David Wheaton (US) 6-3 6-2. Women: Nicole Bradtke (Aust) b Marianne Werdel (US)
        106 words

  • PROPERTY & CONSTRUCTION
    • 527 13  -  In just weeks, three-quarters of the residential sites in new Gold Coast development Paradise Springs have been sold, helping to boost the group's turnover, reports Florence Chong in Sydney Florence Chong BRISK sales of land at a new residential development known as Paradise
      527 words
    • 124 13 AFP CHINA'S youngest yuan billionaire is a 33-year-old from a peasant family in southern Hainan island who made his fortune in property development, a news weekly reported yesterday. The Life Weekly said Xuan Duxing. who did not finish middle school, started working as
      AFP  -  124 words
    • 903 13 Residential property market in HK FT Business cannot get much worse for Rocky Wong, 32, an assistant branch manager for Centaline, a Hongkong estate agent. In his five-year career he has seen nothing quite like the current malaise in the territory's residential property
      FT  -  903 words
    • 481 13  -  Investors should look beyond Beijing and Shanghai, reports Teh Hooi Ling Teh Hooi Ling Property investors seeking good returns in China in the next few years should look at cities like Tianjin, Dalian, Wuhan and Chengdu as well as Shanghai and Beijing, says
      481 words
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    • 301 13 MFlilline In English Number Horoscopes (Daily) 8450 The Capricorn Employee; Win Prizes! Entertainment News 8451 Battle Of Songs... Ghost Stories 8452 Bamboo Paradise; Win Prizes! Children's Funland 8453 Quiz On Statues Face Facts 8454 Face Shape Dreamland 8455 Fandi Ahmad A Swimming Dreams...; Dreaming Of Being Recruited... Chinese Almanac (Daily)
      301 words

  • 533 14 EDITORIAL THEY didn't quite get his name right. Nevertheless, Singapore Prime Minister Goh Chok long's eall for speedier economic reforms in India won an appreciative audience in Calcutta last week. The Telegraph, a national daily, commended "Mr Tong" for clearing the delusion among Indians that
    533 words
  • WHAT THE OTHERS SAY
    • 245 14 PRIME MINISTER Goh Chok Tong's second visit to India in the space of 12 months set a new benchmark in bilateral relations, firmly establishing his credentials as "a friendly outsider, who wishes India well and wants it to take off economically". India's recent landmark agreements
      245 words
    • 177 14 THE SO-CALLED austerity drive by Saudi Arabia is still mild by global standards. The measures including higher electricity, petrol and water rates were designed to have a minimal effect on lower-income Saudis. The government has been very careful to ensure that poorer people, and there are
      177 words
    • 216 14 ACCORDING to the State Statistics Bureau, China's economic growth rate was 11.8 per cent last year while the inflation rate was as high as 21.7 per cent. China's vibrant economy is reflected in its double-digit growth rate for the third consecutive year. However, it is
      216 words
    • 196 14 THE MILITARY JUNTA which runs Myanmar faces another series.; test soon. The State Law and Order Restoration Council (Slorc) must decidc whether to obey its own law and free its most famous political prisoner by Jan 20. That is the day the official order detaining
      196 words
    • 117 14 MANPOWER DEVELOPMENT has become a cliche waiting for fulfilment. If the government keeps its promises to adopt an offensive manpower development policy this year, societal and economic structural changes will gain further momentum. So where are we going? And if we know where we are
      117 words
    • 144 14 ISRAEL must remove those West Bank settlements if it wants peace, if any land-for-peace formula is to be tenable. The Arabs' recognition of the state and territory of Israel already implies a considerable renunciation of the original land area of historic Palestine. Subtract the
      144 words
  • 879 14  -  Carey Goldberg says the handling of the Chechnya crisis has only reinforced speculation that Boris Yeltsin's control is largely nominal Carey Goldberg Los Angeles Times The question this time round is not whether rising political tension in Russia will lead to a
    Los Angeles Times  -  879 words
  • Page 14 Advertisements
    • 188 14 INVESTING IN 1995 T*~ Get your copy of this month's Singapore Business I I from your nearest newsstand or, if you prefer the c Tel;(0) JH) eonvenienceofdoorstepdclivcry,sendinthepre-paid pU I subseription form now. I please send my magazine to aus address I r BuiUingNamc Housdßft Ma 1 Newsstand price: Ss4 a
      188 words
  • Page 14 Miscellaneous
    • 87 14 *'y i iIT if r l nTai ra 7:7 i He's ovef? TH£RC. WHS-J V J POSTROOm LOMO FPMLtD II 'I U SO miS&RB&UV ON 1 ,W ~X /K\ N?IS?: RromD LftST V A FftMcy not Be.iN<j /SIR raterfT -j° **Sue.R ONC RH>7 fPVft* ON HftS o££N ON V^l# tmg,
      87 words

  • ANALYSIS
    • 1585 15  -  Australia Sydney, in particular is looking more attractive these days as a site for regional headquarters for MNCs. Peter Osborne examines what the country has to offer and discusses how it fares compared to established regional hubs like Singapore and Hongkong Peter Osborne The writer
      1,585 words
    • 585 15 IN Australia's bid to become a regional financial centre, the information superhighway is turning the country, and especially Sydney, into a key precinct in the global village. A number of communications and computer companies are moving to Sydney. These, in turn, are
      585 words
  • Page 15 Advertisements

  • 540 16 Bloomberg Business News HONGKONG As its shares continued to drop on the Hongkong stock exchange amid concern over falling property prices, Henderson Land Development said yesterday it had raised prices by 7.3 per cent on a new batch
    Bloomberg Business News  -  540 words
  • 400 16 Bloomberg Business News AFP HONGKONG News reports yesterday said China's paramount leader Deng Xiaoping, 90, was hospitalised in Beijing earlier this month and was desperately ill. The Yomiuri Shimbun, quoting what it said were reliable sources in Beijing, said Mr Deng was so
    Bloomberg Business News; AFP  -  400 words
  • 61 16 AFP TAIPEI A woman demonstrating what is believed to be the world's smallest karaoke equipment, called Sonaok, displayed yesterday at the World Trade Centre. The Sonaok, designed by Taiwan's Artif Technology Corp, can save 6,000 songs and is linked via remote to loudspeakers. It will
    AFP  -  61 words
  • 1015 16  -  The Bottom Line VIKRAM KHANNA VIKRAM KHANNA The writer is BT's regional economics editor INDIA'S economic reforms are irreversible: This seems to have now become a mantra recited dutifully by Indian politicians and businessmen at every roadshow and talkfest. The country's Prime
    1,015 words
  • 366 16  -  From Loh Hui Yin in BANGKOK BUSINESS Day, Thailand's first English language financial paper, hit the news-stands yesterday after a mere eightmonth gestation. The 20-page paper, which has a 15-baht (550.86) cover price, said in its editorial that it aimed
    366 words
  • 158 16 The Straits Times KUALA LUMPUR Singapore Deputy Prime Minister Brigadier General Lee Hsien Loong will make a three-day official visit to Malaysia next week at the invitation of his Malaysian counterpart Anwar Ibrahim. Malaysian Foreign Ministry officials yesterday said BG Lee would meet
    The Straits Times  -  158 words
  • Page 16 Advertisements
    • 293 16 Nitsuka Jg Digital Heyphone Systems Jjjlß Leading Edge Technology^_^J^__ I Seminar on I China Tax and A# Accounting Update I For China, 1994 was a year of significant changes in its turnover tax and individual income tax systems. There were various developments that may have an impact on your China
      293 words
    • 226 16 Beijing Quality, Singapore Reliability Speech Insurance and Mandarin Teaching Part of Khaw And Sons' Total Language Services Nothing can destroy your self-confidence in the middle of a speech more than a laugh from your audience when you don't think you have said anything amusing. All your knowledge and enthusiasm for
      226 words
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      22 words

  • COMPANIES & MARKETS
    • 370 17  -  From Ruth Wong in KUALA LUMPUR TYCOON Ting Pek Khiing has gained control of yet another Malaysian listed firm the smallish second board electronics firm PWE Industries Bhd in a move aimed at ensuring Ekran Bhd's timely completion of the Bakun dam
      370 words
    • 269 17  -  By David Mok SINGAPORE Computer training group Informatics Holdings expects strong earnings growth for the second half of the financial year to March 31, 1995. Informatics' chairman and chief executive Wong Tai said yesterday that the group expected to maintain its firsthalf growth performance in
      269 words
    • 478 17 Reuter SINGAPORE Jardine stocks performed better than expected in the first week of trading in Singapore, but fund managers are unlikely to increase their weighting in the stock, brokers said yesterday. "In terms of price, Jardine Matheson performed better than I expected," said Londonbased
      Reuter  -  478 words
    • 885 17  -  HOCK LOCK SIEW By Steve Vines HONGKONG Probably the best way to make a small reputation forecasting the likely movements of Hongkong's Hang Seng Index is to start with a large one. This may seem to be both sweeping and unfair,
      885 words
    • 441 17  -  From Al Labita in MANILA MULPHA Int'l Bhd, an emerging Malaysian conglomerate, is buying into a listed firm to kick off its plan to expand to the Philippines, brokers said yesterday. Mulpha sees Mabuhay Holdings Corp (MHC), a holding company with
      441 words
    • EYE on your STOCKS
      • Article, Illustration
        47 17 Weak 'Market Mood' indicates the likely trading sentiment today, based on brokers polled at 5-6pm yesterday. Overnight events may alter sentiment. Brokers polled: Alliance, Baring, Daiwa, Fraser. GK Goh. Kay Hian. Morgan Grenfell, OngCo, Somura. Phillip, Smith AVw Court. Il l Carr and SG Warburg.
        47 words
      • Article, Illustration
        139 17  -  Paul Leo VEO Hiap Seng went through some wild gyrations last j ear r 'sing to $3.58 in January 1994. falling to year's low of $2.38 in March, then to a high of $4.58 in September and back to $3.00 at the end of December. But such wild
        139 words
    • COMPANIES
      • COMPANY BRIEFS
        • 43 18 SINGAPORE Rotary Engineering has incorporated an Australian subsidiary, Rotary Engineering Australia Pty Ltd. REA, which has authorised and paid-up capital ot A 52,000,002 and As 2 respectively, will provide engineering and construction services in petrochemical, oil and gas industries.
          43 words
        • 88 18 SINGAPORE Courts Singapore yesterday announced that it had appointed Terrence Donal O'Connor and Neil James Todd as directors with effect from Jan 2. Mr O'Connor is responsible for the operations of the company's electrical division, while Mr Todd will take charge of its systems and information
          88 words
        • 28 18 SINGAPORE Focal Finance announced yesterday that foreign ownership of its issued share capital at the end of 1994 stood at 10.86 per cent.
          28 words
        • 68 18 SINGAPORE Inchcape Bhd yesterday announced that it had appointed Roy A Varghese as its board member and finance director with immediate effect. Mr Varghese, who joined the Inchcape Group in August 1994, replaced Joseph Tessensohn, who has taken over as the company's commercial director with immediate effect.
          68 words
        • 47 18 SINGAPORE Alliance Technology and Development announced yesterday that its subsidiary. Fort Canning Country Club Investment Ltd (FCCC), had entered into a building agreement with National Parks Board (NParks) for the renovation and restoration of the Underground Command Centre (UCC) in Fort Canning Park.
          47 words
      • 248 18 Reuter KUALA LUMPUR Robust corporate earnings, and not election rumours, will underpin the Kuala Lumpur stock market in 1995. Malaysian Investors' Association (MIA) president PHS Lim said on Sunday that earnings were expected to benefit from Malaysia's strong economic growth. MIA groups
        Reuter  -  248 words
      • 919 18 Payment Ex Books Pay date close date AISB SO* b 3 Jan 6 Jan 20 Jan 27 Asia Pacific F 20N Feb 6 Feb 10 Feb 22 Avimo 20* F I2.5TE Mar 1 Mar 7 Apr 15 Berjaya Group F 6 Dec 12 Dec 27 Jan 26 Cam Mcch 10*
        919 words
      • 348 18 Reuter MANILA Metro Pacific Corp (MPC) will temporarily lose its lustre in the Philippine stock market after paying more than expected in the country's biggest property deal. Analysts yesterday said that although the company, a subsidiary of Hongkong's First Pacific Co, would
        Reuter  -  348 words
      • 201 18 SINGAPORE Steamers Maritime, a member of conglomerate Keppel Corp, has appointed Vincent Ko head of its Hongkong shipping agency Skyplanet Shipping. Steamers said yesterday Mr Ko became executive chairman of Skyplanet on Jan 1. The Hongkong-based company, of which Steamers holds 50 per cent, has been
        201 words
      • 254 18 Bernama KUALA LUMPUR Malayan United Industries Bhd Group (MUI) chairman and chief executive Khoo Kay Peng has been appointed chairman of Shangri-La Properties Inc (SLPI), following MUl's emergence as the largest single shareholder in the listed Philippine company. Two other MUI oftlcials group
        Bernama  -  254 words
      • 213 18 Reuter KUALA .LUMPUR Malaysia's Berjaya Industrial Bhd, which in late December announced a potential Msl4 million (SsB million) loss in an unauthorised derivatives trade, yesterday said press reports claiming a swap position of between MSSOO million and Msl billion were "grossly overstated". "From
        Reuter  -  213 words
      • 238 18 AFP KUALA LUMPUR Malaysian Helicopter Services Bhd (MHS), an obscure helicopter charter firm that rose to fame by buying into such giants as World Airways, is eyeing stakes in the Royal Jordanian Airline and Cathay Pacific. The New Straits Times yesterday said
        AFP  -  238 words
      • 403 18 Bernama PENANG The developmental and disciplinary roles of regulators' rights in the securities market are intertwined and complementary, and not contradictory. Securities Commission chairman Munir Majid yesterday said the securities market existed to fulfil certain basic functions, regardless of trading volume,
        Bernama  -  403 words
      • 414 18 AFP Bernama KUALA LUMPUR Listed New Straits Times Press (Malaysia) Bhd (NSTP) yesterday reported a 26 per cent rise in group pre-tax profit to MSI 15.98 million (SS66 million) for the year ended Aug 31, 1994. The leading Malaysian media group, which
        AFP; Bernama  -  414 words
      • 491 18 MBT NST KUALA LUMPUR The local bourse last year ranked first among Asean countries, and fifth in Asia, in terms of market capitalisation. From just M 558.3 billion in 1985, market capitalisation has risen more than 850 per
        MBT; NST  -  491 words
      • 459 19  -  From Florence Chong in SYDNEY A MELBOURNE lawyer with experience in the first Chinese listings on the Australian Stock Exchange plans to float the first China property trust here. Jaginder Singh, a partner with Phillips Fox, is conducting a feasibility
        459 words
      • 324 19 Reuter TAIPEI Hopes for Taiwan's revamped over-the-counter (OTC) stock market have sunk rapidly as new technology and procedures aimed at enticing investors have in fact turned them away. While a new computer system centralises and accelerates a previously laborious trading system, man-made obstacles
        Reuter  -  324 words
      • 408 19 Reuter BOMBAY Postponing India's IDBI 21.84-billion rupee (SSI billion) public issue, the country's largest equity offering. surprised India's markets and could further hit sentiment on declining bourses. "The market is already dull and this will be yet another negative factor, even though
        Reuter  -  408 words
      • 229 19 AFP BOMBAY India's stock markets are vulnerable to price manipulation because of a lack of transparency, the market watchdog said here yesterday. "While the day's opening, high and closing prices are reported. no information is available to investors as to the volume
        AFP  -  229 words
      • COMPANY BRIEFS
        • 77 19 Bloomberg Business News SEOUL Samsung Electronics Co, South Korea's largest electronics maker, said it signed a contract with Hales Design Group in the US yesterday to jointly develop high-end audio speakers. In a press release, the company said it plans to develop two state-of-the-art
          Bloomberg Business News  -  77 words
        • 65 19 Bloomberg Business News lAIPEI Sales at Acer Inc, Taiwan's largest computer maker, soared 70.9 per cent in 1994 to a record NTS33.I billion (551.82 billion), the company said. "PC and notebook sales were very strong." said company spokeswoman Anne Tseng. Sales for December
          Bloomberg Business News  -  65 words
        • 70 19 Bloomberg Business News LONDON Grand Metropolitan pic yesterday said its Pillsbury food unit has agreed to a £1.7 billion (Ss3.B billion) merger with Pet Inc. a US-based maker of Progressosoups and other foods. Grand Met, which has sought to expand stable of food brand
          Bloomberg Business News  -  70 words
        • 95 19 AFP TOKYO Japan's Yamaichi Securities Co Ltd is considering setting up a joint investment consultancy in China with Dalian International Trust and Investment Corp. a Yamaichi spokesman said yesterday. The joint venture with the Chinese partner is aimed at providing high-level information for Japanese companies investing
          AFP  -  95 words
        • 90 19 Bloomberg Business News LONDON Imperial Chemical Industries pic yesterday said it acquired Germany's KJoeckner Pentatec manufacturing plant and business, which makes acrylic and polycarbonate sheet. Terms of the sale were not disclosed, although Britain's largest chemicals maker said the purchase represents less than one per
          Bloomberg Business News  -  90 words
        • 65 19 AFP TOKYO Japan's Maeda Corp announced yesterday it landed an order from the Hongkong government to build a sewage disposal system in the British colony with France's Campenon Bernard-SGE. It said the total length of the transfer system was 23.6 km. The medium-sized Japanese contractor
          AFP  -  65 words
        • 79 19 AFP TOKYO Mitsubishi Materials Corp of Japan said yesterday it will set up a copper smelter on the Indonesian island of Java in a joint venture with two US companies. It said the joint firm will be set up late this year, with 70 per
          AFP  -  79 words
        • 108 19 Bloomberg Business News TOULOUSE Airbus Industrie had 1994 revenue of USSB.S billion (S$ 12.3 billion) and delivered 123 planes, slightly less than the 130 planes it forecast at the beginning of the year, and 15 fewer than it delivered in 1993. The US$B.5
          Bloomberg Business News  -  108 words
      • 412 19 Reuter Bloomberg Business News SHANGHAI The Shanghai B share index finished sharply down yesterday, hitting its lowest level since the start of 1994 on weak market sentiment. The index has been falling for the past four months. The US dollar-denominated index
        Reuter; Bloomberg Business News  -  412 words
      • 427 19 Toshiba, Itochu join Time Warner, US West in budding industry Bloomberg Business News TOKYO Electronics maker Toshiba and trading house Itochu have joined Time Warner Inc and US West International in a joint venture to provide cable television in Japan, where the industry is
        Bloomberg Business News  -  427 words
      • 388 19 Reuter SAN FRANCISCO Apple Computer Inc and Oracle Corp are each seen refocusing in new ways under the impetus of a common nemesis, Microsoft Corp, but analysts do not see a merger in the works. Apple has converted its core
        Reuter  -  388 words
    • FINANCE & COMMODITIES
      • 395 20 FT BEIJING China yesterday announced plans to broaden its fledgling market-style financial system by expanding foreign exchange trading and allowing foreign joint venture banks into the capital Beijing for the first time. Anticipating a tightening in foreign currency reserves this
        FT  -  395 words
      • 159 20 AFP HONGKONG China could make the renminbi freely convertible by 1998, two years earlier than Beijing's current target date, said the country's central bank head on Monday. Chen Yun of the People's Bank of China, quoted by the Hong Kong China News Service, said
        AFP  -  159 words
      • 59 20 Reuter SANTAFE DE BOGOTA, Colombia Protesting cocoa growers running from an oil pumping station in Onto, Putumayo, last week after soldiers forced them away with tear gas. The growers have been abandoning the oil pumping stations they have been occupying as part of a protest
        Reuter  -  59 words
      • 123 20 Reuter MELBOURNE Australia's second largest life office, National Mutual Life Association of Australasia Ltd, said Taiwan is the Asian market where it can most readily emulate the success and rapid growth of its Hongkong business. The unlisted National Mutual said in its 1993/94
        Reuter  -  123 words
      • 536 20 Bloomberg Business News TOKYO Ouch! If the first few days are any indication, January is going to be an ugly month for Japanese government bonds. The dollar's recent strong performance, attractive yields on US Treasury bonds and expectations of
        Bloomberg Business News  -  536 words
      • SMALL CHANGE
        • 59 20 Bloomberg Business News BANGKOK Bangkok Bank pic said yesterday that its representative office in Hanoi will be upgraded to full branch status on Jan 19, making it the second foreign bank with branches in both Ho Chi Minh City and Hanoi. Paris-based Credit Lyonnais SA
          Bloomberg Business News  -  59 words
        • 73 20 Bernama KUALA LUMPUR Pacific Bank Bhd plans to refocus its attention on retail banking services as the business is expected to contribute significantly to the bank's profit in the near future, its chairman Lin See Yan said yesterday. The move is also in line
          Bernama  -  73 words
        • 61 20 Reuter TOKYO Industrial Bank of Japan Ltd (IBJ) announced yesterday that its long-term prime rate will be left at 4.9 per cent for January, unchanged from December. The prime applies to loans of one year or longer to the long-term credit bank's most creditworthy clients,
          Reuter  -  61 words
        • 75 20 Bloomberg Business News BOMBAY Alliance Capital, the American mutual fund giant, plans to launch its first fund aimed at Indian investors on Jan 19, the Times of India reported yesterday. Alliance will become the third American mutual fund group after Morgan Stanley Co Inc and
          Bloomberg Business News  -  75 words
      • 341 20 NYT FRANKFURT The battle for control of Switzerland's largest financial institution, the Union Bank of Switzerland, has entered a new stage, causing a loss of confidence in the bank and leaving investors with paper losses of US$6 billion (SSB.7
        NYT  -  341 words
      • 303 20 ENERGY REPORT Reuter NICOSIA Opec's smallest member, Gabon, has pulled out of the oil cartel, reducing it to 11 members, the Middle East Economic Survey (Mees) reported yesterday. The African state gave as its official reason its inability to pay its share of Opec's budget,
        Reuter  -  303 words
      • 189 20 Reuter LONDON The dollar eased by midday Europe as last week's US labour report failed to draw a clear picture of how high US interest rates may go. Swiss banks were seen aggressively selling dollars for yen in early dealings, possibly in an attempt to trigger stop-loss
        Reuter  -  189 words
      • 93 20 AFP NEW YORK The dollar slid against most major currencies early yesterday on uncertainty over the stability of the Mexican peso. Gold was unchanged from Friday at U*****.20 per ounce. At 1500 GMT. the dollar was at 1.5567 marks down from 1.5643 on Friday and at 100.83 yen
        AFP  -  93 words
      • Article, Illustration
        1542 20 /rtnie-»rifhlnJ indri ivkukued agamM S purr's lop 14 iraJing partnrt-i Bate >*or l9Hf US$/S$ forward rafts Noon Jan 9 ss By Oder 1-month I 4486 1.4501 2-month ***** 1 4479 3-month 1.4445 1.4451 6-month 1.4386 1 4406 Sounr IX BC Source: OCBC FOREIGN CURRENCY NOTE RATES As at 9mi nImI:
        1,542 words
    • COMMODITIES & FUTURES
      • 1289 21 SIMEX REPORT Reuter SINGAPORE Simex Eurodollar futures were easier while Euroyen were firm at the elose. Dealers said there was some profit taking for Eurodollars after gains on Friday following the release of the US December employment data which were within trade expectations. A dealer
        Reuter  -  1,289 words
      • 693 21 COMMODITY REPORTS Rubber SINGAPORE: Rubber futures sank in the afternoon to end the day mostly easier on local dealer selling and profit-taking. The declines were linked to an unimpressive performance on the Tokyo rubber futures, which ended the day mixed after last week's highs. Traders
        693 words
      • KNIGHT-RIDDER COMMODITY SUMMARY
        • 48 21 SINGAPORE The Indonesian government has given licences to nine firms to set up oil palm plantations, the Jakarta Fosl said yesterday, quoting Minister of Transmigration Siswono Yudohusudo. Each plantation will be 6,000 ha, but can be expanded to 10.000-15.000, Mr Siswono said.
          48 words
        • 60 21 TOKYO Japan's Mitsubishi Materials Corp yesterday estimated lost zinc production at its Akita zinc smelter due to the earthquake that rocked northern Japan on Dec 28 would reach between 2.500 and 3,000 tonnes. A Mitsubishi Materials spokeswoman said full production was set to be
          60 words
        • 64 21 TOKYO Pakistan's cotton arrivals to the domestic market totalled 5.36 million (170-kg) bales unginned as of Jan I, compared with 6.59 million a year earlier, according to the Pakistan Cotton Ginners Association. The 18.7 per cent drop on year was mainly attributed to a weather-related
          64 words
        • 67 21 SYDNEY Western Mining Holdings yesterday denied a newspaper report that it is set to proceed next month with a Asloo million (SSI 11 million) sulphuric acid plant at its Kalgoorlie nickel smelter in Western Australia. A company spokesman said it has made "no
          67 words
        • 56 21 NEW DELHI Rain across north India over the past few days has benefited the winter rapeseed crop and, as a result, wholesale vegetable oil prices could fall, traders said. Prices may also fall in the next few weeks as freshly-harvested rapeseed crop from Gujarat
          56 words
    • 1488 21 Rubber Singapore Commodity Exchange (futures closing as at 5.30pm) RSS 1 Contract (S cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest Feb 95 240 00 239.00 236 00 450 900 Mar 237.50 4175 Apr 239.50 3525 May 239.50 3525 Jun 246 00 246 00 239 50
      1,488 words
    • REGIONAL STOCK MARKETS
      • 1096 22 -8.8 STOCKS closed weaker for the seventh consecutive trading day yesterday, retracing earlier gains made on the back of Wall Street, brokers said. The All Ordinaries Index closed 8.8 points lower at 1,858.9. The All Industrials Index lost 8.9 to 2,708.2, while the All Resources Index fell 9.1 to
        1,096 words
      • 640 22 -51.24 Shares fell yesterday as property stocks absorbed the after effects of the country's biggest land auction. The PSE Composite Index lost 51.24 to 2,704.98 points. Turnover was 5.14 billion shares valued at 1.11 billion pesos. Analysts said they had expected sluggish trading as traders remained cautious over the
        640 words
      • 553 22 -46.32 Stocks closed lower in light trading for its fourth successive losing session, with foods posting the largest decline. The 410-issue Weighted Price Index dropped 46.32 points to 6,869.08. Turnover dwindled to 1.22 billion shares worth NTS49.49 billion. The market opened high, but retreating buying interest kept the index
        553 words
      • 485 22 +9.52 Stocks rebounded yesterday in anticipation that an announced "real-name" property ownership system would lead to an influx of idle funds into the market. The Composite Price Index rose 9.52 points to close at 998.32 on heavy trading of 51 million shares valued at 998 billion won. Advancers outnumbered
        485 words
      • 296 22 +7.82 Shares closed moderately firmer. with gains in selected leaders buoying the index. The NZSE-40 Capital Index closed 7.82 points higher at 1.911.35, off its high for the day of 1.916.28. Carter, which gained six cents to NZS3.20, and Telecom, up five to NZ$5.15, gave the market a
        296 words
      • 80 22 -49.32 Stocks ended lower as foreign mutual funds and big individual investors mounted an unrelenting selling pressure on fears of political uncertainties. The BSE 30-share Index ended at 3,716.26 points, down 49.32. The broader 100-share National Index lost 15.25 to 1,784.66. Brokers said foreign investors, who had been setting
        80 words
    • WORLD STOCK MARKETS
      • 709 22 Britannia Funds Sterling ash Bid Offer Mim Cap Deposit >8 6400 38 6500 Mim Jene> G* O If93 0 IWJ Mim Ma> Income "©9000 ****** L S$ Cash Income Pto Fund *4500 9 9600 PS S Reieoe Fund 5 M00 3 )700 F*!™'Performance 04 W: 0 49 38 Far East
        709 words
      • 689 22 -9.2 STOCKS fell as bank and real estate counters declined, offsetting advances by drug shares and hopes that the dollar will rise this year to boost the earnings of exporting companies. Grand Metropolitan paced the decline, tumbling after the company announced a £1.7 billion US acquisition. Weekend press reports
        689 words
      • 137 22 -24.04 French shares were down sharply in late trading after the key index slid through a support level between 1,875 and 1,880 points. "People are feeling bearish at the moment," a trader said, adding that many players expect the bourse to test the 1.800 level. "Equities are out of
        137 words
      • 157 22 -5.65 German shares ended lower yesterday, tracking weaker Bunds and a lower Wall Street opening. There was little buying interest in what one analyst called "neutral territory". The DAX Index closed down 5.65 points to close at 2,052.55, but brokers see the key 2,050-point level holding in the near-term.
        157 words
      • 110 22 -0.75 Stocks closed mixed after political troubles in northeastern Belgium calmed and a declining dollar threatened earnings at exporters. The Bel-20 Index closed down 0.75 point at 1,390.47, with 10 stocks declining and six advancing. A local government dispute in the Fourons/Voeren, a French-speaking enclave in Dutch-speaking Flanders, was
        110 words
      • 167 22 •158 Italian shares slid in largely speculative trade, weighed by continued political uncertainty, traders said. The Mibtel Index closed down 158 points to 10,111. "Concerns that a solution to the political crisis might be delayed or disappointing are keeping investors away," said one trader. President Oscar Luigi Scalfaro met
        167 words
      • 269 22 -0.60 Dutch shares sidled towards a marginally lower close as a weak Wall Street opening and a slightly lower dollar nudged prices into negative territory. In a day of very thin volume dealers were frustrated by a lack of market interest, with little on the domestic corporate news horizon
        269 words
      • 153 22 +1.57 An initial rise on the Stockholm bourse ended abruptly in late trade as debt yields jumped, but the index stayed in positive territory supported by strong gains by telecoms group Ericsson and the forestry sector. "The market still does not quite know where to go. When bond yields
        153 words
      • 253 22 -7.0 Swiss shares closed little changed, but with a weaker bias. Dealers said the market lacked direction and volume was low. The broad SPI Index ended down 2.75 points to 1,713.42, while the blue-chip SMI Index was 7.0 lower at 2,615.3. Referring to charts, some dealers said the market
        253 words
      • 289 22 -14.S South African stocks lost ground yesterday, largely in sympathy with gold share weakness, but also as few fresh factors emerged to offer support. A softer finrand had provided support to rand prices of key stocks, traders said. The Overall Index Ended 51.1 points softer at 5,716.9, the Industrial
        289 words
      • 211 22 -0.38 Stocks were virtually flat in early dealings as players cast about for direction. The TSE-300 Composite Index eased 0.38 point to 4,151.27 in turnover of 9.7 million shares worth C 5104.3 million. Advances outpaced declines 169 to 166, with 206 issues holding their ground. Toronto cs Abitibi Pncc
        211 words
      • 697 22 +2.02 The Dow Jones Industrial Average, which rebounded 16.49 points on Friday, was ahead 2.02 points to 3,869.43 at 1 lam EST. The NYSE Composite Index was ahead 0.27 to 251.86, while Standard Poor's 500-stock Index was up 0.58 to 461.26. Advances edged declines 959-805 among the 2.545
        697 words
    • Article, Illustration
      3175 23 Bloomberg Business News HONGKONG Stocks slumped 2 per cent yesterday as concern over declining property prices continued to batter real estate developers. Property companies dragged stocks lower for the second successive day and helped extend last week's 6.2 per cent decline in the Hang Seng Index. "People are getting
      Bloomberg Business News; Source: Bridge Info  -  3,175 words
    • Article, Illustration
      606 23 CLSA THE H Index yesterday fell 3.1 per cent on turnover of HK.559.1 million. Harbin Power was the biggest loser, closing down 10.6 per cent. Other losers were Dongfang Elec and Maanshan Steel, both losing 4 per cent. The Shanghai B market fell 0.9 per cent on turnover of
      CLSA  -  606 words
    • Article, Illustration
      2549 23 Bloomberg Business News TOKYO Stocks declined for a fifth day amid concerns that a robust US economy will prompt the Federal Reserve to nudge interest rates higher at its policy meeting later this month. Yesterday's close marks the longest beginning-of-the-year losing streak since 1962. Activity on the first section
      Bloomberg Business News; Source: Bridge Info  -  2,549 words
    • Article, Illustration
      1833 23 Reuter BANGKOK Stocks closed lower yesterday after drifting down in light selling led by the banking sector. The SET Index closed 15.11 lower at 1,347.99 points on 3.4 billion baht turnover. Falls led rises 201 to 77 with 102 unchanged. "Foreigners liquidated to hold cash because the Hongkong market
      Reuter; Source: Bridge Info  -  1,833 words
    • Article, Illustration
      1168 23 Reuter JAKARTA Share prices closed lower in line with weaker regional market sentiment while newcomer Bukaka rose almost 4 per cent on its debut. Foreign selling in big-cap stocks led the fall after the index rose 2.36 per cent last week. "Bukaka performed well but could not give enough
      Reuter; Source: Bridge Info  -  1,168 words
    • 2336 24 >«< Vol 0., I- Quo.' of" Ili«h Lo» (onipant Sale (TO) H%k "■>« N MALAYSIAN STOCKS l(l 0 >69 398 IM> m ARB 50c 262 \d -9 60 271 261 260 262 J O I 206 105 m AMDS 50c 108 -5 175 IIS 108 108 109 J«
      2,336 words
    • KUALA LUMPUR STOCK EXCHANGE
      • 6641 24 Bloomberg Business News KUALA LUMPUR Malaysia's benchmark stock index yesterday tumbled 2.14 per cent to its lowest level since midDecember amid concerns that the US will raise interest rates later this month. Rising rates in recent months have already led foreign investors to
        Bloomberg Business News; Source: Bridge Info  -  6,641 words
    • STOCK EXCHANGE OF SINGAPORE
      • 7925 25 (,i M *Vl 144-145 |ni Vol Day lMQwi< Oh Di* \M Ne« (if A»g Hiak |j> loaiaaj *«|i ("000) High Ijtm Buyer Seller *k C«* P'f- Smil Price INDUSTRIAL AND COMMERCIAL 720* 417 5* m. s Vnu 50c 462 I* 22 **>2 **2 4 S47* 267* I Ale* Hldp 50c
        7,925 words
      • 1743 26  -  By R Sivanithy SINGAPORE Selling by Hongkong-based funds and general worries regarding the direction of interest rates yesterday continued to sap the life from the local stock market, with prices closing sharply lower across the board. Investors shrugged off Friday's strong
        Charts by Bridge Info; Source: Bloomberg  -  1,743 words
      • 53 26 IN yesterday's BT, Jardine Matheson and Jardine Strategic were wrongly ranked as the top two losers for the week ended Jan 6. Compared to their closing prices in Hongkong on Dec 30, 1994, they actually gained US$O.66 and US$O.32 to US$7.BO and US$3.6O. respectively. We are sorry
        53 words
  • Page 17 Advertisements
    • 411 17 NEWS VALUE Foreign brokers to bypass SES members in some trades (PR I) A slow start can be expected but liquidity of foreign-currency stocks could improve markedly over time. Ekran chief gains control of electronics firm PWE (this pg) PWE's share price looks toppish compared with last year's low of
      411 words


  • Page 19 Advertisements
    • 89 19 provide shelt companies and incorporation services in ALL jurisdictions, including British Virgin Islands Cook Islands Cayman Islands Hong Kong Bahamas Western Samoa Full nominee, management, corporate secretarial and professional administration services are available. NVe specialise in offshore trusts, offshore banks, and captive insurance companies for qualified applicants. I or further
      89 words
    • 107 19 Harbour View DaHchiHotel Corporate Rates All Are Welcome SUPERIOR ftlOO ROOM #100 DELUXE dfcl CO ROOM SPIOO CLUB ft 20ft* ROOM *Inrlutivr of breakfast and cocktail Reservations, call: toll free *****09/*****91 (8 am 8 pm) *****33 (24 hrs) or Fax: *****81 Prior reservation* required and only limited rooms are available
      107 words


  • Page 21 Advertisements
    • 75 21 l l. i ■yyyftflj^^^si w lfife£H&* A "'iefS'- PROPERTY EXHIBITION Readers refer to the Classified for many reasons. Some for specific needs and some simply for useful market information. Classification 496 (Property Exhibitions) in the Classified is the place where readers look for choice properties and investment opportunities. So, if
      75 words
    • 56 21 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead. Financial News nsns.. A Quick Look Al The Markets Call 24 hours a day for SES KLSE midday reports, closing wortd market reports and business news. Co*: 30 cents a
      56 words

  • Page 22 Advertisements
    • 81 22 Acquire An Original Monsieur Waterman invented the world's first reliable fountain pen. Man 100 was created to celebrate the Waterman Centennial. Each nib is the result of fifteen handcrafted operations which create a unique personality. The 23.6 karat gold trim gives Man 100 a distinctive appearance and texture. Waterman offers
      81 words


  • Page 24 Advertisements
    • 31 24 phh over 215 milliopords honoured ot over 12 million establishments, puts the whole world in your hands. And pgives you easy access to cash at 380,000 bank Mm* AM) f mm
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  • Page 25 Advertisements
    • 84 25 /°jgQ 2. STRAIGHT TALK shouldn't have to read between the lines to get the full picture. Companies Markets. Everyday. ~f Business Times TIMELESS PERFECTION ALAIN DELON sheer elegance. A '2'- U *JU»va-*D Ti VE SON BHD T EI 03 *****18 •S-<jjpo»e *C' V£ S'E»W >». *'E -*C 'Et. M *****"
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  • Page 26 Advertisements
    • 556 26 Property: No. 45 Leedon Road IVpe of Property: Bungalow Legal Description: Govt Survey Lot No. 187-43 Mk 4 Land Area: Approximately 4009.1 sq.m Tenure: Freehold I Terms A Conditions of Tender: As per terms stated in the Vendor's prescribed Tender documents Closing Date of Tender: 3.00pm 20 January 1995 Viewing
      556 words
    • 123 26 BUSINESS TIMES NOT ICES "I deal in cameras. Andlknow whereto get good exposure." b **NO hfw htn *e abJ#V n»X£ isooo)' '"M Call today for results tomorrow. CATS. 1800-737-1166 IN THE MATTER OF THE COMPANIES ACT, CAP. SO AND IN THE MATTER OF CASSEL INVESTMENTS PTE LTD (In Members' Voluntary
      123 words
    • 428 26 THE COMPANIES ACT, CAP. SO SWEE KONO ENGINEERING PTE LTD (M MEMBERS' VOLUNTARY UOUIOATtON) At an Extraordinary Qanarai Meeting of SWEE KONQ ENGINEERING PTE LTD duly rl Lk aIjJ aA AA awujhl COrWIW ®nO n#Hi m «v M«XW#<l Road #06-06. Maxwell House, Singapore 0106 on Wedneeday.Vie 4th day of January
      428 words
    • 419 26 IN THE MATTER OF THE COMPANIES ACT (CHAPTER SO) AND IN THE MATTER OF KIRN (SINGAPORE) PTE LTD (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of tha abovanamad company duly convened and held at New Otani Garden Court 23F. Kioi-cho 4-1, Chiyoda-ku, Tokyo 102. Japan on the 31
      419 words

  • Shipping Times
    • 401 27 Bloomberg Business News LONDON Liquefied petroleum carrier fleet growth is stabilise until the year s as new carrier construction slows and older ships are demolished, according to Drewry Shipping Consultants. The projected plateau follows a three-year carrier-build-ing boom, during which LPG
      Bloomberg Business News  -  401 words
    • 357 27  -  From Al Labita in MANILA MANILA The state-run Philippines National Oil Company (PNOC) has approved the sale of three ageing crude oil tankers to Singapore's Wirana Pte Ltd for US$7.6 million (5511.2 million), an official said last week. Sold to Wirana
      357 words
    • 430 27 Knight-Ridder WINNIPEG Canadian grain and oilseeds could be moving out of US ports by the 1995-96 (Aug-July) marketing year, industry and government sources said. Changes to the way the Canadian government subsidises the movement of grains and oilseeds could
      Knight-Ridder  -  430 words
    • 606 27 Page Col Able Shpg 7 4/5 Accord Group 8 1-3 •Ahlers Lines 13 5 Ahrenkiel Liner 4 1/2 •Appenship 4 4/5 •ANL 3 4/5 •ASCL 5 5 Astro Shpg 8 4 Avant Shpg 6 4/5 •Bank Line. The 9 5 Batamindo 7 3
      606 words
    • 62 27 AFP PA PEN BURG, Germany The 67,000 gross registered tonne luxury cruise ship Oriana slowly emerging from the hail of the Mayer shipyard in Papenburg on Saturday. The Oriana is the biggest passenger ship ever built in Germany. It is owned by British shipping company P&O
      AFP  -  62 words
    • 262 27 SINGAPORE Atlantis Shipyard, jointly owned by three listed companies, expects to bag two more shipbuilding contracts soon. The medium-size yard said yesterday the vessels were likely to be delivered next year. It gave no other details. Atlantis already has seven newbuilding projects in
      262 words
    • 266 27 AFP LONDON Modifications to ocean-going ferries that could give passengers a life-saving safety margin in an accident are not being introduced quickly enough, a UK engineering group said on Friday. The Royal Academy of Engineering said Britain should act unilaterally unless an International
      AFP  -  266 words
    • 1088 28 THE Baltic Freight Index for spot dry cargo shipping rates rose to 1,983 on Friday from 1,967 on Jan 5. Activity on the freight market was almost at a standstill, brokers said. In the grain trades, Andre was said to have booked the 54,681-deadweight-tonne Heavy Metal on a
      1,088 words
    • 121 28 COURSES Title: Sea Transport (SDF 70%) Duration: Jan 11 Apr 19 Organiser Singapore Freight Forwarders Association Tel: For further details contact SFFA Secretariat at 253-7550 or fax: 253-2303. f 9 Title: Standard Trading Conditions (SDF 70%) Duration: Jan 17 Mar 7 Organiser Singapore Freight Forwarders Association Tel: For
      121 words
    • 850 29 Nantai Line is reaping the benefits of its enduring relationship with southern Afriea Lloyd's List NANTAI Group and its shipping company Nantai Line are one of the fastest growing transport groups in Taiwan, thanks to its strong trading links with southern Africa. Through difficult
      Lloyd's List  -  850 words
    • 12920 36 Page II 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. LE6EKO PN:
      12,920 words
    • 1074 39  -  Ramesh Divyanathan reports on the expansion of GM's Singapore division Ramesh Divyanathan THE LOCAL unit of us vehicle giant General Motors has expanded its operations and parts distribution business to cope with a surge in demand for its cars in Asia. General Motors Overseas
      1,074 words
    • 3311 40 A Xm.BC Containerline NV: Bclsin Shpg Agencies Pte Ltd (SVManne Handling Sdn Bhd (PK/PN). Accord Group: Accord Shpg Pte Ltd (JjyAccord Contr Line (PK/PN). Attris Business Corporation Philippine: Calsource Shpg Trdg Pte Ltd (S) Ahrenkiel Liner Service: Kim Shpg trdg (S). Albntros Se*-Air Service: Frata Shpg Pte Ltd
      3,311 words
    • 279 40 Abacus Couriers Tel: 545-8011. Fax: 545-1898. Air Express Travel Tel: 533-5771. Fax: 535-6144 Airborne Freight C orporation Tel: 542-8844 Fax: 542-3716. *****80. Airswift Worldwide Courier Td: 278-0188. Fax: 273-8283. /\JS Supplies Tel: 748-6322 (2 lines). 747-7421. Fax: 742-8975. City-Unk International Tel: 344-3377. Fax: 345-6450. Cluster link Supplies Sen
      279 words
    • 1523 40 Abex Express Freight Tel: 542-7171. Fax: *****84. Actinic Forwarder Tel: 225-1833. Fax: *****42. Activair Singapore Tel: 542-7822. Fax: *****20. Verolink Freight International Tel: 545-8033. Fax: *****05 Aerospeed Td: 542-5911. Fax: *****18. Air Cargo Novo Express Tel: 542-5454. Fax: *****06. Air Express International Tel: 542-7666. Fax: *****74. *****50. Air
      1,523 words
    • 2437 41 ARGENTINA Diamante, Santa Fe: No vessels berthed, no vessels in roads, no vessels due. San Lorenzo: Five vessels berthed of which 3 loading soya bean meal pellets, 1 wheat, I maize, 4 vessels in roads, 17 vessels due at 9 terminals during the coming week. Rosario: Three vessels
      2,437 words
    • 1472 41 CRUISE FERRY SCHEDULES CRUISE SHIPS Ait Drp Name of Vessel ETA ETD Ports of Calls Fort Agent lelephone No JANUARY 10 10 Columbus Caravelle 1000 2100 Cruise to Nowhere Harpers Shipping 221-1388 10 10 Dclfin Star 1000 2100 Kukup Harpers Shipping 221-138$ 10 10 Renaissance I 1100 2000 Cruise to
      1,472 words
    • 1087 41 THE final report of the year once again sees the emphasis on activity in the handy/handymax bulkcarrier market with the majority of the sales being reported in this sector. However there were also reports of a couple of fresh newbuilding contracts being placed for products
      1,087 words
    • SHIPS IN PORT
      • 547 42 Vessel Voy No Berth km* Departure Vessel Voy Wo Berth hnval Departure JmNRC Port Bdllimjf Nep >6A P02 0901/1/00 1101/2300 Mam Ttguh 2 6/6 alongside 1001 2300 Batam SpeedJ A0295* P01A 1001/1200 1001/1400 Aikls Orion S8M02 96 17 alongside 1001/1200 Batam SpeedJ ****** P01A 1001/0/00 1001/0900 Batan
        547 words
      • 1382 42 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Bookinf/Balance Rslts Ship Voy No Etb/Btr Period From To From Acx Swan 1S2A 11/1500 3 10/0700 10/1159 10/1400 4 10/1200 10/1459 10/1700 »ka Bhum 5505 10/2300 2A 09/1700 10/0659 10/0900 28
        1,382 words
      • 765 42 THIS twice weekly report, compiled by Cockett Marine Oil Ltd, sKpws price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on average-sized stem. Market movements aft indicated. The Cockett Bunker Price Index change and
        765 words
      • 611 42 Carbon Carton _wJan 5 Density Water R endue Ash AJumnun Setfcnent Density Water Residue Ash Akirwmjm 1 M/M T Exun f t*"* KG M*3 1V/V "o MM MM PPM method K/IP3 V/V MM M/M PPM methoi Eastern USA 180 Ave 985 02 13 6 i fit*
        611 words
    • AIR AND LAND TRANSPORT NEWS
      • 404 44 FT LONDON Colin Marshall, chairman of British Airways, has hinted that an out-of-court settlement may still be possible with Richard Branson's Virgin Atlantic airline over the "dirty tricks" alTair. His comments came as Virgin Atlantic charged that BA was still engaging in
        FT  -  404 words
      • 434 44 NYT DETROIT Honda Motor Co's announcement on Friday that it had developed an engine that reduces tailpipe emissions by 90 per cent is likely to bolster several US state governments' efforts to impose more stringent air-quality standards on automakers and
        NYT  -  434 words
      • 424 44 Reuter WASHINGTON Reacting to the recent rash of airplane crashes, the people who manage, fly and make planes opened a two-day meeting with US safety officials yesterday to try to find ways to make air travel safer. Transportation Secretary Federico Pena called for
        Reuter  -  424 words
      • 414 44 AFP TOKYO Pilot error was the probable cause of the fatal crash of a China Airlines jet at Japan's Nagoya Airport last April which left 264 people dead, a Japanese Transport Ministry committee said. The interim report by the Aircraft
        AFP  -  414 words
      • 243 44 Reuter DETROIT Ford Motor Co chairman Alex Trotman on Sunday said the company plans to reduce its product spending as a percentage of revenue over the next five years despite increased investments in emerging markets. "As a percent of revenue, we think our spending
        Reuter  -  243 words
      • LOG BOOK
        • 113 44 Reuter LISBON A Portuguese Navy frigate joined the search for 20 Portuguese fishermen still missing on Sunday after their boat sank in heavy seas off Morocco, but hopes of finding the men alive were fading. The Navy said the frigate had joined the search for the
          Reuter  -  113 words
        • 62 44 Reuter TOKYO Nikko Research Centre Ltd assigned Japan Oil Transportation Co Ltd a "1" rating, Nikko Securities brokers said yesterday. The research institute forecasts relative performance in three categories and puts in its first group stocks it expects will outperform the key 225-share Nikkei average
          Reuter  -  62 words
        • 84 44 Reuter JERUSALEM The Israeli government has rejected all three offers it received for troubled Israel Shipyards, Transport Minister Yisrael Kessar announced on Sunday after a meeting with Finance Minister Avraham Shohat. The highest of the bids for the debt-ridden company was 28 million shekels (5513.7
          Reuter  -  84 words
        • 100 44 Reuter MANILA The Enei]gy Department rejected a request by Philippine Airlines to directly import jet fuel to cut its losses because it would deplete a fund used to stabilise oil prices in the country. Of the current 13.39 pesos (79 Singapore cents) per litre
          Reuter  -  100 words
        • 87 44 AFP JERUSALEM Israel's flag carrier El A 1 was to resume Moscow flights yesterday after a week-long suspension because of Russia's refusal to allow the company's armed guards to carry their weapons in Moscow airport. "Flights will resume on Monday, thanks to an agreement
          AFP  -  87 words
      • 1717 44 a& w ra w etd_ atj m m n» OL Abu MmM GA892 0255 1*772 1615 SQ326 2230 GA822 1935 Qf6 1840 LH773 2359 1 GA974 2350 Futuioka SQ989 1720 SQ990 0125 Q«2 2050 Cmtn SRI S3 2140 Amsterdam GA893 1510 GA892 0265 Mano< VN741 1310
        1,717 words
  • Page 27 Advertisements
    • 34 27 LAW PAGE Every Thursday in Business Times African links help to boost Nantai, Pg 3 GM's S'pore unit riding on regional demand, Pg 13 BA chief hints at possible settlement with Virgin, Pg 18
      34 words
    • 25 27 Lines and service* represented by Members of the Registry of Accredited Shipping Agents, Singapore National Shipping Association. For advertising enquiries, contact Shipping Times: Tel 740-2089/740-2090
      25 words
    • 27 27 S&ontei tncut&U ti*ne LONGBEACH OAKLAND Arriving every Friday Hotline *****30 AD-LIB Candid views from people in the news. Conversations At Raffles. Every Other Saturday. Business Times r
      27 words

  • Page 28 Advertisements
    • 2000 28 import.... import..., INWTH AWCWCAI I otmm MMMATWigI I mWTHMWffItAj I vessel »QT STOW u oak »a> st» o«t HOUSIOW cwc nt w»co air vessu mcntevbeo mo who sawtqs mv» palama pwanagua «sai mt k ios t lt < oakiaio »mcw*»> arm s*om USUGAI 11-111 211 *1 L 2 2.2 31.1
      2,000 words

  • Page 29 Advertisements
    • 988 29 _JUj BBSS** IsEJSiIsS Iwt/ww law I pso lon I shj Ikm I auh I dmn I bah I dm] Ivsi/vor tm no mm Gfifi m am id I al mum am 10/1 »/i 21/1 30/1 1/2 31/1 31/1 1/2 3/2 al banakm am 10/1 31/1 2/2 mm* am 11/1 21/1
      988 words
    • 432 29 ANL. IT'S AUSTRALIAN FOR SHIPPING TO AUBTRALIA (EABT COAST) I FROM AUSTRALIA (EAST COABT) wski/vov *t rue icr m std mu m hob wsxi/voy m syo neb bu» hob «t Iw Wc ft MTMUTt Oil 11/01 15/01 17/01 30/01 02/02 WUMIt 90M 22/12 20/12 I|/«| I u/»l 15/01 ft ftSU
      432 words

  • Page 30 Advertisements
    • 1384 30 T ROAM [I SOUTH- PORT VOY NO HAMBURG ANTWERP HAVRE AMPTON KELANQ S PORE HKG KAO TYO SHI KOB NAG DANUBE 1&25 1 20/12 22/12 24/12 12/1 13/1 17/1 19/1 20/1 S7T 24/1 LEVERKUSEN EXPRESS 22/451 23/12 27/12 29/12 21/12 16/1 20 I 23/1 ~~24/1 2s7T KAMAKURA 37/252 27/12 29/12
      1,384 words
    • 434 30 188 IS'pore P.Kelang Loading (or CELTIC Ski 8/1 Rdm/Atw/UK/Nantes I OSMARE 7/1 9/1 Rdm/Atw/UK/Nantes 'Loads E./W. Malaysia. Indonesia wk I Loading for ENERGETIC Dubai/Bahrain/Damman/Kuwait I SEA VENUS Hodetdah/Jeddah/Aqaba I Loading for J DONA V Los Angeles/New Orleans/ I Charleston/Norfolk/Camden OCEAN EVER Los Angeles/New Orleans/ Charleston/Norfolk/Camden 'Loads E./W. Malaysia, Indonesia J
      434 words
    • 1339 30 I NORASIA I Ulff'SJlt 0 3 12/01 31/01 03/02 04/02 04/02 05/02 05/02 06/02 06/02 01/02 I I 9502 3 1«/°1 06/02 10/02 11/02 11/02 12/02 12/02 13/02 13/02 IVO2 I I 2? 01 IJ /02 19/02 20/02 20/02 21/02 21/02 22/02 22/02 21/02 I ISI VALVE 503W 02/02 21/02
      1,339 words

  • Page 31 Advertisements
    • 1349 31 STRAITS SHIPPING PTE LTD 10 Ho« Chiang Road #11-01 Keppel Towers Singapore 0208 Tel: *****88 Fax: *****17 new guinea pacific line v, HHll||iMlM||M|||MllllilllillßbMMlla* £fWgp (A SERVICE OF CHINA NAVIGATION CO) CARGO out SAUS _sls!__ VmXHfUtIL U""' HJ- mp«l 10 lan FC I. LCL CONTAINER AMD BREAKBULK SERVICE TO PAPtjA NEW
      1,349 words
    • 2809 31 P&O Oontfl 1 tiers p& Container s (Singapore Agencies) Pte Ltd 10 Hoc Chiang Koad. #07-01 kcppcl Towers. Singapore 0208 rirst Class Connections WORLDWIDE Tel: 225 2233 Vekx RS psocsp.Fa*: 225 5327/222 7517 m C R Number. ***** V *****/ EXPORT import VESSEL VOV !f*J® *J*® 800 ANT ROT HAM
      2,809 words

  • Page 32 Advertisements
    • 473 32 cfo JOINT VENTURE i W SAMUDERA INDONESIA C|R RICKMERS Win SINGAPORE CHINA GREEN EM VOY 3«B 12 JAN QWGOAO DAS* SEPIA.UH VOY 3NB 08 FEB XINGANG SHANGHAI INDUCEMENT CALL P.KEIAN6 INDUCEMENT CALL HK. I P GUDANG. BEIAWAN. TG MAM XIAMEN. ZHANGNGANG UTAMA HARTA I WEEKLY FULL CONTAINER SHIP FEEDER VESSEL
      473 words
    • 1077 32 HANJIN SHIPPING I BOOKING TEL:- *****35-237 OPERATION TEL: *****41-253 SALES TEL:- *****30-233 DOCUMENT TEL: *****71-275 FOR VSI SM IKK HMA SEA TV* fO* FM W1 I ll* HAtA Ul WC HANJM BREMEN 014E 13/1 OOttCl 2/2 3/2 4/2 HAUm POHANG 1531 14/1 KMMIM KU 1j 2 HANM HONGKONG Mtt 20/1
      1,077 words
    • 1340 32 Hd -1 rl ""T3"3^"l^ I m sa> use we MC ws mo»ki sk iio i« w nyc ihv mm um n» «g no cm ni ur I C GLEAMY RE 049 9/1 tn« IS/1 17/1 19/1 23/1 22/1 24/1 »/l 24/1 27/1 20/2 22/2 W 5/3 4/3 7/1 17/3 27/3
      1,340 words

  • Page 33 Advertisements
    • 2110 33 VARNA (BULGARIA) CMBTWH2I (ROMANIA! muawN 9 SAILING PBI MONTH Irn*TAO*<uTpPMr' t pTF ITD 'zSfiSH Co«7jL«r*Sw: 6.1. *****02 Opurrtlvi Conif-r. *****1S COSTAn SHIPPING PTE LTD rwu- ***** cosmir c«ww«iw«* *****50 D O-. ******5 cnwHimi.' fi StMtM Way ml 7 08 CR No: **********0 M 22*220* IruttaM Src Dm; *****50 *****30 DBS
      2,110 words
    • 865 33 HEUNG-A SHIPPING (KOREAN FLAG) I RUT COWWMBBH) StKWCE I I COMffHIBHM. SERVICE 1 aLaB<U«OlT >< I lUOlt 10/0111V81 M/ 01 30/01 I 31/01 1 NO. 0 DONAM SOIW 05/01 |OMII ?I/01 "wiT 02/02 6WI D VSQ2W 12/01 16/01 10/01 22/01 OUT 01/02 02/02 03/02 NO. i DONAM SPIN 20/01 130/01
      865 words
    • 304 33 FAMOUS CONTAINER LINES 80 ROBINSON ROAD, #22-02 SINGAPORE 0106 HOT LINE: *****33 (30 LINES) GOTHENBURG/SCAN 16/01 ROTTERDAM 10/01 AARHIfc/COPENHAGEN 16/01 HAMBURG/BREMEN 10/01 MARSEILLE/FRANCE 10/01 FELIXSTOWE/UK 16/01 I BARCELONA/SPAIN 13/01 LEHAVRE/FRANCE 10/01 GENOA/ITALY 14/01 ANTWERP/BELGIUM 10/01 LOS ANGELES/WC/IPI 13/01 SYDNEY/MELBOURNE 12/01 NEW YORK/EC 13/01 FREMANTLE/ADELAIDE 12/01 VANCOUVER 13/01 BRISBANE 11/01 TORONTO/MONTREAL
      304 words

  • Page 34 Advertisements
    • 1110 34 9 VEBBEL VOY 8 N Jl T VESSEL VOY SIN 1! 1 WAWA BHUM 262S W?d__!l/1 THANA BHUM 103W Tut mPI JQw__»2/1_ M j BKK I SWA BHUM 939 Fri 13/1 Wad 18/1 3 mTRA Fn 12 /1 _J*L 14/1 In PI Fri 13/1 BHATRA BHUM 643 Sat 14/1 Tw
      1,110 words
    • 913 34 79 ANSON ROAD, #21-01, SINGAPORE 0207 TELE: *****92 FAX: *****57 CR **********0N «nwT« twimi service PORT KLANG PENANG ffSStL wr SIX PKL VESSEL VOY SX PEN LAoßtl 352N l|/l (WED) 13 1 (fWi HOUR IATA ***** 13/1 <FWI) IS/1 (SUN) BAUtmu ****** 13/1 (FRI) IVI (SUN) MCC CONVEYOR SOO4 IVI
      913 words

  • Page 35 Advertisements
    • 964 35 PACIFIC INTERNATIONAL LINES (PTE) LTD) I SSSS? 140 Cecil Street, #03-00 PIL Building, Singapore 0106. J I KM tM CR NO **********0E I 1. 1 VESSEL VOY SIN CMB JIB HOC JED AQJ ADE PZU MSW ASA h KOTA WIRWAN WRNSIS IS/1 23/1 20/1 30/1 2/2 4/2 13/2 17/2 20/2
      964 words
    • 938 35 wsstis WT u mm humbufg thmks rotterdam turnup W.LE 01 TITMM tO7W IS/B1 M/W 05/02 07/02 01/02 09/02 Will 01 IUC*W* Mm /0> M/ 0? 10/02 12/02 13/02 14/02 VHU 0E IBM IO7W W/B1 '*/<>* U/02 H/02 20/02 21/02 *IUE 01 CMMM CO7W 22/82 24/02 28/02 27/02 28/02 •AtSO ACCIPTMG
      938 words
    • 573 35 I injßSA^r MYANMA FIVE STAR LINE (Myanmar National Line) Loading for Yangon (Rangoon) Spore P.KIf Pen PGd| PAGAN V2I7W 20/23 lan TANAH A* V2W 20/23 lan MALAYSIA AGENTS BOUSTEAO SHIPPING AGENCfS KH: TEL 02 03-*****00 PKI lEI 02-03 *****57 PEN: TEL 02-04-*****2 PGD TEL 02 07 *****21 4 NIGERIAN NATIONAL
      573 words



  • Page 38 Advertisements
    • 1715 38 TO EUROPE FROM EUROPE FEEDER PKL PEN MOTHER »SL STOW |UH IIM |HWI WH 1 FIT J* PKL STOBI ft FIBAN *0« SHMBM "SO H* BSE/SBM 5004/5004 07 01 07.01 W) HONGKONG 2414 10.01 2101 »01 »*1 m 1514 1201 1401 17.11 Mil Mil 5? BSE/SBM 5001 5004 14.01 14.01
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    • 525 38 CONTAINER LINES, INC l-KVW MAC-NEL3 BPORE: *****22 (24 UNEB) —'cm Wfc 1W»7MOOO« SIBU (064) *****9 PENANG: (04) *****6 BANGKOK (662) *****67 8 P.KELANQ: (03) *****77 JAKARTA: (21) *****07 SURABAYA: (31) *****0 I ftSlfl HKG/TWN/BKKI GENOfI/EUROPE I PEN PKL SIN 5 SAILINGS/WEEK PEN PK S,N 13/1 14/1 15/1 HKG/BKK/KEE/KHH Gburf/Chaien/Sholm/Oslo 10/1
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  • Page 39 Advertisements
    • 20 39 PORT SHOTS The latest in sea, air and land transportation Shipping Times Monday to Friday SINGAPORE f Business Times WtanWAM
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    • 227 39 I VESSEL VOY SIN MAA SIN I TIGER BAY 126N 09-10/01 15-22/01 27-28/01 TIGER SPEED 314N 19 25/01 TIGER ISLAND 125S 17-18/01 (FOR OtSCHARGE ONLY■ CAPE HERMES 204N 17-18/01 23 29/01 02-03/02 TIGER CAPE 013 20-23/01 25-01/02 07-06/02 TIGER BRIDGE 315N 23-24/01 2904/02 09-10/02 I VESSEL VOY SIN CAL SIN
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    • 345 39 |°1 DONGNAMA LINE COMTAMKMBCD OtftYlCi STMITB/IIW/tN€/B(N *«l (MSS) SSt P« KM I* «C RN TMSM3 MI4M 12/11 14/01 15/01 25/01 M/ 01 SMOMC TUOO Ml* 10/01 lt/*l 15/(1 20/01 M/ 01 02/02 Msnon nom 2i/(i 2V(i n/oi ot/02 OJ/02 NMM nOIM 29/01 31/01 (1/12 12/02 12/(2 15/(2 *J*l (MS) KP
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    • 364 39 ISmhchfI ErrMisnsscKMs^TnTn W TEL: *****33 (12 Lines) K FAX: *****15/*****03 IHi TELEX: RS ***** RIBHIP (3 Lines) 1 CR NO.: **********0E ACCEPTING FCL AND CONVENTIONAL Vmnl Voy I Loading Far Abbay Wom 42W8 25/01 I Mombasa. Oflbouti [Age. Mmtnn Andtoel 38WB 20/03 Mombasa. Djibouti Assab Massawa RLLV CONTAINERISED REUI LAR
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  • Page 43 Advertisements
    • 478 43 I A HYUNDAI I MERCHANT MARINE CO. LTD. WESTBOUND TO EUROPE BKG: *****61 m pke pgd vessels vor sw rtm ant leh ham ret fei 11/01 13/01 14/01 H. COMMANDER 313* 16/01 03/02 05/02 04/02 OVO2 05/02 07/02 11/01 20/01 21/01 SL MARINER 314* 23/01 10/02 12/02 11/02 12/02 12/02
      478 words
    • 358 43 STRAITS/ JAPAN/ STRAITS SERVICE MULTI-PURPOSE I RORO CARRIER SPECIALIZE M HEAVY LFT CARGO UPTO 120 TONS RAMP CAPACITY UPTO SO TONS kssei not n lOAOMG FOR COSMC TRACER S3 SW hPI PINANG 1/1 COSMIC MASTER 30 Sd KEMMAN 7/1 OWN! HT 4 SM hPi ORANGE MOON H SM Sd KUCNM6
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    • 672 43 pma VESSEL I VOY [SH ETA/D LAX OAK I CH 1 DAL MM/COL HOU NYC WW MACKINAC BROGE »2A 12/01 /13/01 29/01 31/01 01/02 02/02 *02/02 ~03/02 03/02 04/02 ALLIGATOR TRIUMPH MA 19/01 /20/01 05/02 07/02 08/02 09/02 09/02 10/pj To/02 U/02 GEORGE WASHNCTON BRPGE 84A 26/01 /27/01 30/01 14/02
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  • Page 43 Miscellaneous
    • 302 43 TODAY'S TIDES (hqfht in metres) HOUR 0000 0100 0200 0300 0400 0500 0600 0700 0800 0900 1000 1100 1200 1300 1400 1500 1600 1700 1800 1900 2000 2100 2200 2300 1.1 1.3 1.6 2.0 2.3 2.4 2.4 2.3 2.0 1.7 1.5 1.3 1.2 1.2 1.3 1.5 1.6 1.8 1.8 1.8
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