The Business Times, 19 January 1995

Total Pages: 50
1 50 The Business Times
  • 13 1 BUSINESS TIMES WL KNOW ASIA MITA(P) 194/12/94 Thursday January 19 1995 75 c
    13 words
  • 2am LATEST
    • 64 1 Reuter NEW YORK Blue-chip stocks fell yesterday as renewed uncertainty over the Federal Reserve's stance on interest rates triggered a bout of profit taking. The Dow Jones industrial average was off 14.80 points at 3,915.86 at 1 pm EST. In the broader market, declining issues led
      Reuter  -  64 words
    • 36 1 Reuter BRUSSELS The European Commission should block subsidies to the steel sector or risk a new wave of government aid requests, Claus Dieter Ehlermann, the commission's direc-tor-general for competition said yesterday. Reuter
      Reuter  -  36 words
  • 164 1 Stock market iwKfOi Wednesday Change STI! 2103.56 -2.48 KLSEComp 918.74 -8.02 Nikkei 19,223.31 -18.01 Hang Seng 7,630.20 +23.69 SET Index 1,285.57 +20.42 Jakarta Comp 449.84 +0.74 CLSA China B 841.07 +1.12 Aust All Ord 1,888.6 +8.00 FTSE 100 3,054.9 +0.5 Wednesday Prevhws lpm EST dose Dow Jones 3915.86
    164 words
  • 315 1  -  By Ven Sreenivasan SINGAPORE A reshuffle of top civil servants will see Lam Chuan Leong, Permanent Secretary (Trade Industry), succeeding J Y Pillay as Permanent Secretary (National Development) on March 31. Mr Pillay is due to retire on March 30,
    315 words
  • 712 1  -  By Abdul Hadhi SINGAPORE In a further sign of a softening residential market, average bids for the bulk of parcels in the Urban Redevelopment Authority's first tender for 1995 which closed yesterday fell about 10 per cent from last week's
    712 words
  • 352 1 Reuter AP KOBE, Japan In a dramatic exodus, hundreds of thousands of people fled this western port city yesterday, a day after it was ravaged by a destructive earthquake and raging flames. On foot, by bicycle, in shared cars, residents packed
    Reuter; AP  -  352 words
  • 365 1 Bernama Reuter KUALA LUMPUR Two lead banks. Malayan Banking Berhad and Bank Bumiputra Malaysia Bhd, yesterday announced an upward revision in their base lending rates eflec-., tive today. Maybank is raising its BLR from 6.55 per cent per year to 6.65
    Bernama; Reuter  -  365 words
  • 443 1  -  By Genevieve Cua SINGAPORE Non-oil domestic exports, widely seen as an indicator of the health of Singapore's manufacturing sector, surged 32.8 per cent in real terms in December, capping a year of sustained export growth. Analysts, who are forecasting overall economic growth
    443 words
  • 186 1 Bloomberg Business News SINGAPORE Depositors would have had to pay Singapore banks yesterday to park their money overnight because demand for the Singapore currency was so strong, traders said. Banks were offering a negative 0.1250 per cent rate to depositors, but no transactions at
    Bloomberg Business News  -  186 words
  • Page 1 Advertisements
    • 165 1 fßurberrysl Reigns when it pours < M**M M J* *X < WXMrfMXXXXKXX*'**'**-* LT!!!. 1 S'pofe News 2 S pore NTs«a 21,22.23 Regional News 3.4.7 Fmancial 24.25 World News 8 Features Markets fctfyss 19 Qob/KLSt. StS »30 Edrtorol 18 Regional 26 Sports 9 Wort) 27 IV/Ulestyte 17 Currencies 24 tawrabon 12
      165 words
    • 55 1 Law: Pg is Arbitration in Indonesia MORE REPORTS: Sharp drop in number of Japanese visitors to Singapore, Pg 2 Little impact on S'pore's reinsurance industry, Pg 2 Soft soil adds to Japan's qua Me damage, Pg 12 Quake fails to rock Japan's financial markets, Pg 20 Container shipping from Kobe
      55 words
    • 49 1 Hock Lock Siew: pg jr^j |9n Indon blue chip sin##.. NS I B announces new board directors, Pg 2 Two top SAF officers to take on boardroom jobs, Pg 2 US businesses see inflation speeding up: Fed, Pg 20 Business inventories in US up 0.7% in November, Pg 20
      49 words
    • 191 1 CERR.un 1881 in Bottom Line: Pg 20 fJndian tourism a sorry sight pp< Lead School: London School of Economics (Ranked as a Top Business School in U.K. by employers) B.Sc ECONOMICS DEGREE BANKING FINANCE A INFORMATION SYSTEMS MANAGEMENT ECONOMICS MANAGEMENT B.Sc MANAGEMENT DEGREE f B.A. ENGLISH DEGREE (Lead School: Goldsmiths'
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  • SINGAPORE NEWS
    • EYE on the ECONOMY
      • 318 2  -  By Claire Leow SINGAPORE'S budding CD-ROM drive industry produced an estimated 1.2 million units last year worth $160 million, the Economic Development Board says. And it expects output to stay strong this year. Local production of CDROMs an increasingly popular data storage product for
        Source: EDB  -  318 words
    • NEWS ROUNDUP
      • 136 2 THE local advertising industry watchdog plans to revise the Singapore Code of Advertising Practice (Scap) by 1996 to move with the times and be more socially responsible. The code revision was the subject of a talk on raising standards in the advertising industry organised by
        136 words
      • 135 2 FRUIT and vegetable distributor Fook Huat Tong Kee officially opened a new $15 million building at Pandan Loop yesterday. The building symbolised the group's long-term commitment to use Singapore as the hub for its international network and regional distribution activities, said chairman Lim Soo Peng.
        135 words
    • 331 2  -  By A J Leow TOUR operator Ken-Air aims to appoint 10 local franchisees and a major Indonesian travel agency as its master franchisee in that country before the end of the year. The group's managing director, Kenny Goh, said yesterday a deal
      331 words
    • 335 2  -  Global Entrepreneurship Forum By Ven Sreenivasan THE biggest challenge for growing companies is to maintain the entrepreneurial spirit their founding entrepreneurs brought with them, author and management guru Larry Farrell said yesterday. Speaking before almost 2,000 delegates at the forum, he said the biggest
      Photo by Chris Loh  -  335 words
    • 331 2  -  Japan's quake disaster By A J Leow JAPANESE visitors to Singapore have more than halved since Tuesday when a predawn earthquake struck western Japan, said the Japan Travel Bureau (JTB) here yesterday. JTB managing director Seizo Sakoda told BT yesterday that
      331 words
    • 291 2  -  By Soh Tiang Keng THE big earthquake that rocked Japan on Tuesday makes little impact on the reinsurance market in Singapore, according to the tryInsurance managers said yesterday the reinsurance industry here would only be "slightly affected" by the quake which hit
      291 words
    • 406 2  -  By Chuang Peck Ming RISING costs and thinning profit margins meant many businessmen had not seen the fruit of the past two years' high economic growth, participants at an Institute of Policy Studies conference said yesterday. "Where is the growth? Many of us
      406 words
    • 301 2  -  By Lilian Ang SIX major oil and petrochemical companies yesterday signed an agreement with the Economic Development Board to participate in an in-dustry-wide programme to help local contractors upgrade. The memorandum of understanding. sealed under the EDB's Local Industry Upgrading Programme, aims
      301 words
    • 381 2  -  By Lee Han Shih MANY of the oldest public flats in Singapore may eventually fetch more than half a million dollars each afler being upgraded by the government, an interview last night suggested. The interview was conducted by Television Corporation
      381 words
    • 164 2 THE National Science and Technology Board (NSTB) yesterday announced a new board of directors for the next two years. Teo Ming Kian, Permanent Secretary (Development Division) of Mindef, will continue to serve as NSTB's chairman, while the Deputy Vice-Chan-cellor of the
      164 words
    • 217 2 TWO senior military officers Defence Force chief Ng Jui Feng and Chief of Army Lim Neo Chian will trade their commissions for a crack at boardroom tactics and strategy later this year. Lieutenant-General Ng will become deputy chairman of the CPF
      217 words
  • Page 2 Advertisements
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  • SOUTH-EAST ASIA
    • 603 3  -  From Ho Kay Tat in PENANG GOOD bilateral government relations will create the right environment for the private sectors of Singapore and Malaysia to do more business together, Deputy Prime Minister Lee Hsien Loong said yesterday. "Basically, you
      603 words
    • 328 3  -  From Loh Hui Yin in BANGKOK THERE are two faces to Thailand the "real" and the impressionistic and Singapore investors be able to distinguish between them, says the Singapore's former ambassador to Thailand Chin Siat Yoon. "The tendency of the media is
      328 words
    • 379 3 Bernama KUALA LUMPUR The government yesterday issued a stern warning to a consortium headed by Sapura Holdings Sdn Bhd to buck up or face the consequences for delaying the completion of KTM Berhad's MS 1.5 billion (SSBSO million) double-tracking
      Bernama  -  379 words
    • NOTE BOOK
      • 100 3 Reuter HANOI Schmidt Vietnam, a subsidiary of Hongkong-based Schmidt Group, launched the first phase of its Hanoi International Technology Centre yesterday and said it was one of the most advanced in South-east Asia. The company poured the last concrete for a nine-storey, US$2O million
        Reuter  -  100 words
      • 94 3 AFP JAKARTA The Indonesian government plans to limit the depreciation of the rupiah to between 3 and 4 per cent in the 1995-1996 fiscal year, according to a newspaper report here yesterday. As in the past, in 1995-1996 the rupiah is projected to depreciate by
        AFP  -  94 words
      • 102 3 AFP JAKARTA Indonesia's labour force will grow by 3 per cent per year this decade and reach close to 100 million people by 2000, a report here said yesterday. Manpower Minister Abdul Latief was quoted by the Antara news agency as saying
        AFP  -  102 words
      • 61 3 AP JAKARTA Jakarta's city fathers warned yesterday that pollution is worsening. Bandjar Marpaung. chairman of a commission in charge of development, said the government should promote the use of low-lead fuel. He also urged industries to help protect the environment by building water treatment facilities to
        AP  -  61 words
    • 290 3  -  By David Mok SINGAPORE US-based disk drive maker Quantum Corp will invest $100 million in its operations on the Indonesian island of Batam in the next two to three years. Quantum's chairman and chief executive Bill Miller announced this yesterday at
      290 words
  • Page 3 Advertisements
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      166 words

  • CHINA/HONGKONG/TAIWAN
    • 287 4 Reuter BEIJING China has reported a slowing of inflation for the second month in a row, supporting official promises that it has peaked, although economists warn that government forecasts for 1995 may be too rosy. The consumer price index rose 25.5 per cent
      Reuter  -  287 words
    • 243 4 Reuter HONGKONG Many brokerages in Hongkong have revised downward their earnings forecasts for the property sector for 1995 amid continuing gloom on the realty market. "It's inevitable and only natural that developers' earnings should be revised downwards considering the property market's
      Reuter  -  243 words
    • 57 4 Reuter BEIJING The ancient imperial buildings in the centre of Beijing are now surrounded by skyscrapers and smoking chimneys as development takes its toll. Most of the remaining old buildings in the Chinese capital are being razed, transforming one of the oldest cities in the world
      Reuter  -  57 words
    • 424 4 Reuter BEIJING Chinese and United States negotiators sat down yesterday for last-ditch talks to try to avert a looming Pacific trade war over US charges that Beijing has done too little to protect intellectual property rights. A Chinese official said
      Reuter  -  424 words
    • 201 4  -  B* S N Vasuki SINGAPORE French utility company Electricite De France (EDF) has won a 1 billion French franc (SS27O million) contract to design, engineer and supervise work on China's second nuclear power plant at Daya Bay, in the southern
      201 words
    • CHINA WATCH
      • 65 4 Bloomberg Business News BEIJING China will soon publish a policy blueprint that will insist that foreign electronics investment help create the nation's own electronics giants. The official China Daily yesterday quoted Minister of Electronics Industry Hu Qili as saying foreign investors accounted for almost
        Bloomberg Business News  -  65 words
      • 62 4 AFP TAIPEI Seismologists yesterday warned residents and authorities in southern Taiwan against possible killer quakes as the end of a 30-year cycle had arrived. "A catastrophe like that in Japan is very likely to happen in the Chianan plain, which has entered its killer-quake
        AFP  -  62 words
      • 66 4 AFP HONGKONG Amway Asia Pacific yesterday said it had opened a manufacturing plant in the south China city of Guangzhou that was the centrepiece of its US$lOO million (SSI44 million) investment in the country. The new 15,000-sq-m plant in the Guangzhou Economic and Technical Development
        AFP  -  66 words
      • 57 4 AP HONGKONG Hongkong yesterday expelled 104 Vietnamese in the largest single deportation of "boat people" from the colony. Several of the 41 men, 24 women, 20 boys and 19 girls resisted attempts to put them aboard the chartered flight to Vietnam and had to
        AP  -  57 words
  • Page 4 Advertisements
    • 292 4 (vL the new Brother Fax 620, with an I system and automatic H H I I cutter irons out this horrible, H I jt-f-t^'X- Wrmrnm [if t f mi t f F The Brother Fax 620 comes loaded with all the features you'd expect from a leading Japanese name: "Smoothing"
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  • Page 5 Advertisements
    • 111 5 R-154-94-CMRS THE ART OF CONVERSATION. THE NOKIA 232. mm mmmmm with slim, stylish looks and powerful reception, the Nokia 232 is the phone for people on the move. Small enough to fit into your shirt yjflw pocket, it gives you up to two and a half hours of talk time
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  • Page 6 Advertisements
    • 328 6 jpy ,^||^^o|P^' '&jF -iMfe'* -j&~ .■-< < -> hM Without doubt, the biggest success story in the world Managed by Citicorp Investment Bank (S'pore) Ltd, today is the Asia Pacific region. The one region that is or CIBSL, it's one of the several unit trusts available only expected to build
      328 words

  • REST OF ASIA
    • 473 7 Reuter NEW DELHI India's central bank governor has voiced concern at double-digit inflation blamed on rapid capital inflows and excessive money supply in an otherwise strong economy. But Chakravarty Rangarajan, in remarks published yesterday, ruled out a suggestion that India's liberalising economy could
      Reuter  -  473 words
    • 38 7 Reuter COLOMBO A man, carrying a giant-sized dollar note, during a protest here on Tuesday against World Bank policies urging the government to cut subsidies on farm produce and sale of sugar and wheat flour. Reuter
      Reuter  -  38 words
    • ASIA NOTES
      • 102 7 Knight-Ridder SYDNEY Australian consumer sentiment plunged by 9.3 per cent in January in the wake of an increase in official interest rates in December, according to a privately conducted survey. The Westpac-Melbourne Institute consumer sentiment index fell by 9.9 points in January to 96.5, Westpac
        Knight-Ridder  -  102 words
      • 80 7 Knight-Ridder CANBERRA Australia's acting Environment Minister Duncan Kerr has rejected a newspaper story yesterday which says the government is considering introducing a range of environmental taxes. The Australian Financial Review cited a leaked Cabinet document, which discusses the option of a carbon tax to raise
        Knight-Ridder  -  80 words
      • 60 7 AFP WASHINGTON The United States and Japan agreed lo resume discussions on Jan 26 on reducing the Japanese trade surplus in the automobile sector, US officials said on Tuesday. 1 he US Trade Representative's office, which gave no location for the talks, said
        AFP  -  60 words
    • 293 7  -  From Koichi Ishiyama in TOKYO TRANSPORT operator Nish-i-Nippon Railroad Co yesterday announced plans to boost its air-cargo operations in the region, including joint ventures in Singapore and other Asean countries. A spokesman for NishiNippon, a leading railway operator on Japan's southern island of
      293 words
    • 126 7 Reuter SEOUL South Korean authorities said yesterday a special court is to be created to deal with labour issues affecting foreign workers after several Nepal is ended a protest demanding better working conditions. "The court will be set up sometime in March to deal with the,
      Reuter  -  126 words
  • Page 7 Advertisements
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      131 words
    • 192 7 We encountered a few obstacles on the road to success. full-width beams provide side-impact protection. More than just a few obstacles, in fact. It is no surprise then, that the Accord is the first Because we conducted hundreds of real-time Japanese car to crash tests on the new Accord to
      192 words

  • THE WORLD
    • 461 8 Washington Post IHT NYT NEW YORK With Mexico's first successful sale on Tuesday of government securities since the peso crisis broke last month, the country began to climb back toward regaining the confidence of financial markets, aided by the promise of
      Washington Post; IHT; NYT  -  461 words
    • 65 8 Reuter INUVIK, North West lerritories Hugh (right) and Effie Rogers taking a break to watch television with their grandson Gerard last week before preparing their dinner of caribou leg and organs at their Arctic cabin in the wilderness near here. The Rogers are some of the
      Reuter  -  65 words
    • 222 8 Bloomberg Business News STRASBOURG The European parliament has voted overwhelmingly in favour of the 20 commissioners chosen to manage the EU's executive body, the European Commission. The approval ends seven months of wrangling about who should manage the EU's powerful bureaucracy for the next five
      Bloomberg Business News  -  222 words
    • 157 8 Reuter LONDON British unemployment fell at the fastest rate for six years in December but the country's lively economic recovery also caused inflation to jump. Official figures released yesterday showed seasonally adjusted unemployment dived by 54,600 in December to 2.4 million or 8.6 per
      Reuter  -  157 words
    • 400 8  -  By Vikram Khanna SINGAPORE Despite the problems in Mexico, US short-term interest rates look set to rise by a further one percentage point in the first half of this year, a Lehman Brothers official said yesterday. This should set the stage for a
      400 words
    • 239 8 Reuter MOSCOW An International Monetary Fund team started talks in Moscow yesterday on a U556.25 billion (559.06 billion) standby loan, but a possible delay in a key parliamentary budget hearing over the war in Chechnya meant an early breakthrough was unlikely. The latest
      Reuter  -  239 words
    • WORLD WATCH
      • 73 8 AP WASHINGTON Top Russian government officials are likely to be fired for their roles in the bungled military assault on Chechnya, US intelligence officials said on Tuesday. CIA acting director. Admiral William OStudeman, told the Senate Armed Services Committee that those most likely to get
        AP  -  73 words
      • 87 8 Bloomberg Business News FRANKFURT The Bundesbank yesterday said it will hit its money-supply growth target for 1994 and called its 1995 target a clear signal of its commitment to quell inflation. In its December report, the central bank said M 3 money growth for
        Bloomberg Business News  -  87 words
      • 73 8 Reuter ZURICH Profits in Swiss industry this year should rise for the first time in five years, the Union Bank of Switzerland (ÜBS) said on the basis of a survey of more than 2,800 firms that provide jobs for around 450.000 people.
        Reuter  -  73 words
    • 324 8 Los Angeles Times WASHINGTON United States House Speaker Newt Gingrich said media magnate Rupert Murdoch discussed his television regulatory woes in November with him, but he told him "that's his problem" since he never got involved in cases like that. In remarks on
      Los Angeles Times  -  324 words
  • Page 8 Advertisements
    • 384 8 THE UNIVERSITY OF HULL I England 1927 M "OYER 100 GMs, MDs, CEOs ALREADY IN THE PROGRAMME!" KfJ "ONE Off THE MOST ESTABLISHED IN SINGAPORE" MBA E M ONLY 8 PLACES LEFT! First to offer TQM and a Systems Approach to Creative Problem Solving the management philosophy of the 1990s
      384 words
    • 70 8 I A NEW SCHOOL IN SINGAPORE! I IChatsworth International School I IS NOW OPEN FOR ENROLMENT I A joint US UK curriculum [I High academic standards fl Excellent sporting facilities ffl Highly qualified, experienced and dedicated teachers II Immediate enrolment for students aged 5 to 13 plus (I High School
      70 words

  • SPORTS
    • 657 9 Australian Open Reuter AFP AP MELBOURNE Defending champion Pete Sampras overwhelmed qualifier Jan Kroslak with a series of si/./ling shots yesterday and led a swag of seeds who sped into the third round of the Australian Open tennis championship. In the women's matches. 14-year-old
      Reuter; AFP; AP  -  657 words
    • 280 9 AFP MELBOURNE Kimiko Date had more on her mind than the Australian Tennis Open here yesterday, spending most of her spare time telephoning family and friends after the destructive Japanese earthquake. Japan's No 1 player Date, still troubled by strained stomach
      AFP  -  280 words
    • SIDE LINES
      • 116 9 Reuter BEIJING World 1.500 metres champion Liu Dong has rejoined Chinas team of world-beating women's distance runners now that they have disbanded the "Ma Family Army" of coach Ma Junren. the China Sports Daily said yesterday. Liu returned on Jan 6 to the
        Reuter  -  116 words
      • 98 9 AFP KUALA LUMPUR Malaysian organisers of the 1998 Commonwealth Games have paid an out-of-court settlement to a Canadian consultancy firm which contended it had been cheated out of commercial rights to the Games, news reports said yesterday. The settlement amount was not disclosed. Canadian company
        AFP  -  98 words
      • 132 9 AFP ORLANDO. Florida Arnold Palmer (lipped the switch to begin programming here on Tuesday on The Golf Channel, a 24-hour US cable and satellite television network devoted entirely to the sport. US golfing legend Palmer, a part-owner and co-founder in the venture, began the opening show
        AFP  -  132 words
      • 88 9 AP MELBOURNE American golfer Jack O'Keefe on Tuesday was named Australasian PGA tour rookie of the year. O'Keefe. from Little Rock. Arkansas, finished 19th on the Australasian Order of Merit in 1994 with winnings of more than U5543.500 (5563.000) from 11 tournaments. Australian Greg Norman
        AP  -  88 words
      • 83 9 AFP WELLINGTON Former New Zealand test batsman John Reid was appointed coach of the national cricket team yesterday following the resignation of Geoff Howarth a day earlier. The announcement was made by New Zealand Cricket, the ruling body for the sport. Howarth resigned after
        AFP  -  83 words
    • 529 9 Golf Reuter DUBAI Colin Montgomerie said on Tuesday that Europe must win the Ryder Cup against the United States in September to keep interest alive in the event. "We must win," said Montgomerie, the top money-winner in Europe for the
      Reuter  -  529 words
    • 169 9 NYT PURCHASE, New York Revenge? Redemption? Rematch? Better rethink that because the Knicks say they are refusing to look at tonight's game at Houston the first meeting between the teams since June 22, the night the Rockets defeated the Knicks to capture the National Basketball
      NYT  -  169 words
    • SCORE CARD
      • Article, Illustration
        27 9 NEW YORK NBA on luesda): Orlando 109 Charlotte 98; Boston 92 San Antonio 101; Phoenix 129 Denver 113; Seattle 115 Cleveland 91; Sacramento 95 Portland 88.
        27 words
      • Article, Illustration
        372 9 MELBOURNE US$6.2 million (Ss9 million) Australian Open third day yesterday Men's 2nd rd: 7-Michael Stich (Ger) b Alex O'Brien (US) 6-0 6-3 6-4; I-Pete Sampras (US) b Jan Kroslak (Slov) 6-2 6-0 6-1; Lars Jonsson (Swe) b Richard Fromberg (Aust) 7-5 7-6 (7-4) 3-6 6-2; 9-Jim Courier (US) b
        372 words
    • 465 9 America's Cup AFP SAN DIEGO Australian Steve Cotton, a crewman aboard Chris Dickson's New Zealand entry, lost the ends of two fingers in a racing mishap on Tuesday on a day when misfortune hung over the America's Cup. Cotton lost the ends of
      AFP; Reuter  -  465 words
  • Page 9 Advertisements
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  • Page 10 Advertisements
    • 550 10 D 0 V z R PA ,~i KV iI: A luxurious seaview condominium that sets a new trend for 21 it Century living with its intelligen *■'> Built on high ground, with higher floors that command an excellent view of the buildings of Raffles Place s an Private air-con buses
      550 words

  • Page 11 Advertisements
    • 297 11 3 a new trend for 21 it Century living with its intelligent home automation systems nd an excellent view of the buildings of Raffles Place and the West Coast seaview from afar Beside Budtia Vista MRT Station Proposed LRT link to Holland Village 1 /fSw^ mm Sij /sMla«^ 9:E| li
      297 words

  • INNOVATION & TECHNOLOGY
    • 571 12  -  Larry Schuster looks at why the latest earthquake in Japan was so destructive Larry Schuster UPI SOFT landfill soil underlying the sea-port eities of Kobe and Osaka in Japan probably made an already powerful earthquake even more destructive a factor that has helped
      UPI  -  571 words
    • 347 12 AP THE earthquake that flattened parts of two Japanese cities provides a chilling picture of what the future could hold for Los Angeles. Japanese earthquake-design standards are comparable to those in Southern California, said George Housner, a professor of earthquake engineering at the
      AP; Reuter  -  347 words
    • IN TAKES
      • 94 12 SINGAPORE A "houseflyrobot" developed at France's National Centre of Scientific Research uses a visual system modelled on the composite eye of a housefly. This enables the robot (right) to bypass obstacles placed in its path to reach a target that it can "see", says Fonts,
        94 words
      • 59 12 NYT TOKYO Two South Korean electronics manufacturers will begin manufacturing liquid crystal display panels this year, posing a big challenge to Japanese firms that dominate the market for the key component of computer and other high-tech equipment. Samsung Electronics and Gold Star
        NYT  -  59 words
      • 92 12 Reuter NLW YORK International Business Machines Corp says it has developed a commercial prototype for a new fibre optic technology that allows up to 20 simultaneous data streams of text, video, audio or image files. This compares to existing technology that permits just one
        Reuter  -  92 words
      • 90 12 AP WASHINGTON An experimental test detected cancer cells in blood that were as rare as one in 10 million cells, researchers said Monday. That is at least 100 times more precise than existing methods to detect cancer cells, said the study reported in the
        AP  -  90 words
      • 77 12 AP WASHINGTON Scientists have long been aware that Mediterranean women develop breast cancer at a rate of one-half to 60 per cent that of women from the US. Now they're saying the reason may be olive oil. A new study "gives additional momentum" to
        AP  -  77 words
  • Page 12 Advertisements
    • 125 12 Singapore CableVislon congratulates H -Sy l H 5 i»* ■r:-* Far East Organization on the launch of Dover Parkview 'i W& tfftf f i M 8 I^- SCV is proud to offer the following 3 channels at Dover Parkview: NEWsVisioN Of! ITN NHK BBS M! 24-hour news coverage from CNNI
      125 words
    • 355 12 BUSINESS TIMES TOLL-FREE TEL. No. 1-BQO-741-1883 FAX:74I-1298 C.P Prima PT. Central Proteinaprima U5525,000,000 Revolving Credit Facility Arranged by The Yasuda Trust and Banking Company, Limited Singapore Branch Lending Banks The Saklira Bank, Limited, Singapore Branch ABN AMRO Bank N.V., Jakarta Branch The Long-Term Credit Bank of Japan, Limited, Singapore Branch
      355 words

  • Page 13 Advertisements
    • 315 13 WHEN IT COMES TO SAFEGUARDING THESE PRESTIGIOUS RESIDENTIAL PROJECTS, |Q FAR EAST ORGANIZATION LEAVES NOTHmG TO CHANCE. Mb"" r j t •*> ~j£l Congratulations to Far East Organization on the launch of Dover Parkview Proteq BX, one of the world's most intelligent Home HOME AUTOMATION Automation and Security systems, will
      315 words

  • Page 14 Advertisements
    • 111 14 A ONCE IN A LIFETIME OPPORTUNITY TO DO BUSINESS WITH THE PHANTOM. m §fi^ fe'l- k >•? 1.-* i irV f > t,r Introducing The Golden Rose' Package. I N C El. EBRATION Tin S i r \i i s i i\ies 1845 1995 vS SINGAPORE PRESS HOLDINGS preienti AND
      111 words

  • THE LAW PAGE
    • 1184 15  -  Chew Farn Chyi looks at how civil law is interspersed with presidential decrees and bye-laws there Chew Farn Chyi KISPUTES in Indonesia arc a problem for lawyers and foreign businessmen urisprudence there i civil law, interspersed with presidential detrees and bye-laws. The
      1,184 words
    • 510 15  -  AT THE BAR *1 By Ramesh Divyanathan THE DAYS when local lawyers used to drool over the fees and perks of Queen's Counsel (QC) might be over. Practitioners say factors such as competition among QC and efforts to cut their luxurious perks by the
      510 words
  • Page 15 Advertisements
    • 87 15 WHAT A KOOL SALE! S; f"i/ f First Ever Public Sale Jan 12 to 23, '95 Renowned European designer furniture, lightings and home accessories at 25% to 50% off piration The Premier Designer Furniture House 896 Dunearn Rood, #03-01 Sime Darby Centre (2158) Tel: 462 2155 (Showroom) 462 3155 (Office)
      87 words

  • Page 16 Advertisements
    • 1439 16 Beats A Bud. where t wine, owe and entertain OF Pitft fmt*( LPi Silvitiri 10 Varieties of Pasta f?f j 20 different sauces And all-time Italian favourites A J antipasti, pizza and puccia. rm I PASTA FMSCA DA SAIVATOM HI LTD WKU •30 Boat Quay, S(0104) (Open 84 hours). Tel:
      1,439 words

  • LIFESTYLE
    • 651 17  -  TV broadcasters tread carefully as they stamp their satellite footprint across Asia, says Jane lilennerhassett Jane Blennerhassett Reuter PORKY PIG is banned, news is pulled, heavy metal is on the scrap heap and Madonna's pointy bra stays in the closet. Welcome to satellite television
      Reuter  -  651 words
    • 48 17 Reuter LONDON Hundreds of fans waited for hours in driving wind and rain on Tuesday to catch a glimpse of Tom Cruise. The American star was in London for the premiere of his film interview with the Vampire at a cinema in Leicester Square. Reuter
      Reuter  -  48 words
    • CHATTER BOX
      • 329 17 AP AP UPI AP CYBILL SHEPHERD says there is life after 40. For one thing, there's great sex. "They used to say 35 was a woman's sexual prime," the 44-year-old actress said in Entertainment Weekly. "Listen, 40 is when it really starts to
        AP; UPI  -  329 words
  • Page 17 Advertisements
    • 403 17 WHERE TO WINE, DINE AND ENTERTAIN II H C3l iD oirf e Eating House I 277 Orchard Rd #02-38 Specialists' Centre S (0923) I n rnn o A cci I JpZf LBI/ I Aas« "M When you spend $25/- or more at Fosters for lunch or afternoon tea from Mon-Sat,
      403 words
  • Page 17 Miscellaneous
    • 1324 17 I TV RADIO schlocky movies from /fl the '50s. This time, Kevin /j^Bv Bacon and Fred Ward are the B V puzzled heroes when nasty jM creatures pop up from under- B ground to eat people. Cool dia- }|»< logue and special effects save mt j|| the day for this
      1,324 words

  • 531 18 EDITORIAL THE KOBE disaster has temporarily ended the strife that threatens an earthquake of another kind within Japanese Prime Minister Tomiichi Murayama's Social Democratic Party, and seeks to topple his six-month old coalition government. Even as the country was dealing with the disaster, Einosuke Akiya, president of
    531 words
  • WHAT THE OTHERS SAY
    • 250 18 KIM KEAT COURT at once sets at rest any doubts there might have been about the merits of the programme to upgrade Singapore's public housing. The dramatic improvement is not just to a flat or a block but to the quality of life in its totality. It
      250 words
    • 166 18 MUIS' MISSION and strategic plan are an example of how a major organisation has planned to help speed up the community's progress in order to successfully face future challenges. Some of the six aims which are non-religious in nature are consistent with the aspirations of the
      166 words
    • 144 18 A GROUP of Socialist politicians has announced the formation of the New Democratic League (NDL) to create a new party. Although the move has not aflected the majority hold of the three-party coalition government, it could mean a further split within the Socialist Party. Not only
      144 words
    • 116 18 UNDERSTANDABLY, Indonesian monetary officials were painfully surprised by the dumping of the rupiah over the last few days. This was mostly because the trend occurred so soon afler the unveiling of what domestic and foreign economists have welcomed as a very realistic state budget proposal with
      116 words
    • 139 18 SEEING the writing on the wall, Japan has started to take measures aimed at preventing a hollowing-out of its financial markets the loss of business and players to less regulated foreign markets. These moves include introducing around-the-clock trading on Tokyo's foreign exchange market and the
      139 words
    • 199 18 BRITISH OFFICIALS were right to deny that extending £1 billion (552.27 billion) in export credits to China was part of an attempt to improve relations. When countries such as the United States, Germany and France are jumping into China with both feet, it would be an
      199 words
  • 668 18  -  Frederick Bonnart says force should he used only if all other options have been fully exhausted, and then applied wisely for a clear common purpose Frederick Bonnart The writer is editor of Sato's Sixteen Nations, an independent military journal published in Brussels IHT THIS YEAR, in
    IHT  -  668 words
  • Page 18 Advertisements
    • 122 18 mm whim// ymm» mia \\%ucw. M M I I II HI H ■u K« m H H| Mil I w IttwHn 12 January and 28 February 'fS, you can take home a fro* Sanyo video f caMOtta rocordor (Model VHR-3 20 NTA) worth $39f with ovary purchase of a Sanyo
      122 words
  • Page 18 Miscellaneous
    • 48 18 fhou; DO N<C*J =»T?»vRT umsn otootD "£>) LOONIOeR VUOR< HP«D IN RjTwffp J help me. s =Sb1 C A—OOATIO mWOAWCT LTP, HP-HM &">&&*<— W>9 DOONESBURY GARRY TRUDEAU I ib^sks>ss«> n I I 1! 11 ISSSPSIFif >t>/ COtA-PF/T MORE THAN I IOUtS 100&& AT ATOP ffPWQ/H? THAVS 1 **errt?r J rnSfMnm
      48 words

  • ANALYSIS
    • 1441 19  -  While Keith Bradsher finds the Mexican peso crisis and US budgetary problems forcing Alan Greenspan into the limelight this past week, Dave Lindorff reports on another central banker a rising star in China looming as a potential rival of 'economic czar' Zhu Rongji
      NYT  -  1,441 words
    • 531 19 Global Finance THE "economic czar" presumably guiding China's reforms and commanding its central bank is Vice-Premier Zhu Rongji. But increasingly, when Hongkong bankers trek to Beijing in search of business, they're making sure to include a visit to Chen Yuan. The 47-year-old
      Global Finance  -  531 words
  • Page 19 Advertisements
    • 17 19 PORTSHOTS The latest in sea, air and land transportation. Shipping Times. Monday to Friday. Business Times ■fWVtfH
      17 words
    • 137 19 Tie rare perfection of Palelt Philippe al The H our G1 ass I Mr W m C(looting a timepiece f a a^°ul e*^ui«ile ift V% f Mm skould ke a relaxed tkat kallmarL eack PaleL Pliilippe you re rare H* we see perfection of Patek X as connoiaaeura. And Pliilippe.
      137 words

  • 449 20 Bloomberg Business News Reuter WASHINGTON The Federal Reserve, calling the United States economy "vibrant," yesterday warned that businesses expected the pace of inflation to accelerate this year. "Price increases seemed somewhat more widespread than were reported in early December, while higher inflationary expectations
    Bloomberg Business News; Reuter  -  449 words
  • 511 20 AFP Reuter AP TOKYO Japan's worst tiuake in nearly 50 years sent barely a ripple through financial markets yesterday for the second day running despite tnore detailed accounts of heavy damage to the country's industrial infrastructure. Businesses and banks in central Japan, however,
    AFP; Reuter; AP  -  511 words
  • 169 20 SINGAPORE Prime Minister Goh Chok Tong has conveyed his condolences to the bereaved families and the people of Japan, following the massive earthquake that rocked central-western Japan on Tuesday. In his letter to Japanese Prime Minister Tomiichi Murayama, Mr Goh said he was "shocked and saddened"
    169 words
  • 427 20 WASHINGTON United States business inventories rose 0.7 per cent in November, the eighth straight gain, matching the rev ised increase for the previous month. The Commerce Department yesterday said that sales climbed a strong one per cent in November after advancing 0.3
    427 words
  • 905 20  -  The Bottom Line CATHERINE ONG CATHERINE ONG The writer is a senior BT correspondent THE SIGN said "No photography beyond this point", but the security personnel didn't bat an eyelid as camera-festooned tourists merrily went beyond that point and clicked away at
    905 words
  • 171 20 Reuter AFP HANOI The head of Vietnam's State Committee for Cooperation and Investment (SCCI) has accused some foreign investors of sparking labour disputes by not paying the legal minimum wage. There were eight strikes in foreign-invested enterprises (FIE) last year, committee chairman Dau
    Reuter; AFP  -  171 words
  • 285 20 Reuter BANGALORE, India US Commerce Secretary Ron Brown's five-day mission to India could end up winning US$5.5 billion (557.97 billion) in contracts, almost as much as a trip last year to China produced, officials said yesterday. Mr Brown left New Delhi on
    Reuter  -  285 words
  • 331 20 Reuter TORONTO A publicity-shy currency guru touched a raw nerve in Canada's financial markets on Tuesday when his warnings that the Canadian dollar could become a "worthless piece of paper" sent the currency crashing to a new nine-year low. Investors took fright after
    Reuter  -  331 words
  • Page 20 Advertisements
    • 84 20 !"${[,&!;-`>()*<>=<+}%?"|(:[~'& PRIME RESIDENTIAiDEVELOPMENT I SITE CLOSE TO THE CBD Location: Kim Yam Road, District 9 Large land area of 76,831 sq ft SALE Development Guide Plan: Residential BY (Plot Ratio of 2.8), height up to 30 storeys C'o.ing dat.; Freehold title at 12:00 noon Convenient to shopping, entertainment and recreational
      84 words
    • 1 20 r^MARKETING
      1 words

  • COMPANIES & MARKETS
    • EYE on your STOCKS
      • Article, Illustration
        46 21 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, Nomura, Phillip, Smith New Court, Wl Carr and SG Warburg.
        46 words
      • Article, Illustration
        113 21  -  By Quak Hiang Whai DBS LAND continued to get battered down, losing another 16 cents to $3.62 yesterday. Its daily and weekly RSIs and stochastics have fallen well below the 25 mark, indicating its heavily oversold situation. Even the monthly RSI is nearing the 25 level. Daily and
        113 words
    • 259 21  -  By Quak Hiang Whai SINGAPORE Industrial equipment supplier Sin Soon Huat plans to go public soon. The company, which has been operating for 50 years, plans to use proceeds from the listing to finance expansion in the Asia-Pacific region. It also
      259 words
    • 332 21  -  By Genevieve Cua SINGAPORE Telecom has awarded a contract worth more than $70 million for the supply of its second digital cellular system. The group's mobile phone subsidiary Mobile Link awarded the contract to Northern Telecom (Asia), a unit of
      332 words
    • 253 21 SINGAPORE Singapore Computer Systems Ltd has entered into an agreement to acquire a 50 per cent stake in Telescience (Singapore) Pte Ltd, a vendor of telecommunications and data communications systems and services. SCS said yesterday it had acquired half of the 600,0
      253 words
    • 201 21 SINGAPORE Jardine Matheson yesterday named Anthony Nightingale chairman of its regional trading and services company Jardine Pacific. Jardine Matheson managing director Alasdair Morrison said Mr Nightingale now managing director of Jardine Pacific would also become a director of Jardine Matheson, responsible for business development.
      201 words
    • 733 21  -  HOCK LOCK SIEW By Leslie Lopez JAKARTA When Kawasan Industri Jababeka announced plans to list on the Jakarta Stock Exchange late last year, investors, especially foreigners, liked what they heard. For starters, Jababeka, its promoters said, would become the largest listed developer of
      733 words
    • 187 21 Bernama KUALA LUMPUR Malaysian Resources Corp Bhd (MRCB) has been selected as the third party in a proposed digital-based fibre optic network along the National Grid. Tcnaga Nasional Bhd executive chairman Ani Arope yesterday said: "We have not decided on the
      Bernama  -  187 words
    • 430 21  -  By William Chia SINGAPORE Share prices of Malaysia-listed building materials company Innovest Bhd fell sharply on heavy volume when trading resumed yesterday after a three-month suspension. Innovest shares closed 39 sen lower at MS 1.02 (557.9 cents) on a turnover of
      430 words
    • COMPANIES
      • 330 22  -  By Lilian Ang SINGAPORE Govern-ment-linked Pidemco Land will take a 30 per cent stake in property-based Inverfin Sdn Bhd, a member of the JCuala Lumpur-listed Lion >group. The stake, which marks Pidemco's entry into the Malaysian property scene, was announced
        330 words
      • 361 22 Reuter KUALA LUMPUR Bank Negara governor Ahmad Mohamad Don yesterday lashed out at "irresponsible" takeover deals where insolvent insuranee eompanies are bought at astronomieal prices which do not reflect the true worth of the company. "Of late, the proposed sale of
        Reuter  -  361 words
      • 213 22 Bernama KUALA LUMPUR Kretam Holdings Bhd. which introduced its new logo yesterday, is looking into the possibility of venturing into two new projects in Guangxi, China, this year. Chairman Mahmood Sulaiman yesterday said the new projects identified were cement manufacturing and
        Bernama  -  213 words
      • COMPANY BRIEFS
        • 97 22 SINGAPORE Personal computer maker IPC Corp Ltd has confirmed reports of its bid for as much as 10 per cent in French computer company Groupc Bull. A company spokeswoman said IPC was still in the preliminary stages of making its offer. Groupc Bull reported
          97 words
        • 72 22 SINGAPORE The Hour Glass Ltd has acquired another 10 per ccnt of Hongkong luxury watch dealer, Gubelin Watch Company, for HKS 1,021.34 (SSIB4) a share, the company said yesterday. It bought 60 per ccnt of the company or 50,000 shares of I IKS 100 each
          72 words
        • 58 22 SINGAPORE Yco Hiap Seng Ltd said yesterday that substantial shareholder Lintien (Ptc) Ltd had reduced its stake from 4.12 million shares to 2.97 million shares. It sold 1.15 million shares for S3 each on Jan 13. Lintien also has a deemed interest in 20.4 million shares
          58 words
        • 35 22 SINGAPORE Hiap Moh Corp said yesterday that it had bought a 284 sq m unit at Elite Industrial Building II at Tannery Lane for 551.35 million for warehousing and general purposes.
          35 words
        • 28 22 SINGAPORE Tong Meng Industries said it had acquired the two shares of MSI each in Magnificant Equities Sdn Bhd, making it a fully-owned subsidiary.
          28 words
        • 75 22 SINGAPORE Alliance Technology and Development said it made an error yesterday when it said the sale of its share in Glamourcttc Plus Trading Ptc Ltd would have increased its net tangible assets to 69.93 cents a share, as reported in Business Times. It
          75 words
        • 47 22 Reuter KUALA LUMPUR Nokia Telecommunications OY of Finland has been awarded a MSI billion (***** million) telecommunications contract by Malaysia's Electronics and Telematiquc (M) Sdn Bhd (ETM) for the supply of telecommunications infrastructure equipment and services for its personal communications network (PCN.) Rcutcr
          Reuter  -  47 words
        • 57 22 Reuter KUALA LUMPUR Malaysian gaming firm Granite Industries Bhd has bought the entire equity of Diamond League Sdn Bhd, an investment holding company, for M 5654 million (SS37I million), a Commerce International Merchant Bankers Bcrhad statement said. Granite will issue 130.8 million new shares valued at
          Reuter  -  57 words
      • 549 22 Mtufin' pric«s Jan 19 US Gr Fund 0.95 098" Singapore Unit Trust U06 Asset Mgt Ltd The Commerce 1.56 1.65 Unifund 1.32 1.38 The Savings Fund 1.48 1.57 L'nibond-f 1.02 1.045 S'pore Prog Fund 0.56 0.60 United Gr Fund! 1.58 1.65 S pore Sec Fund 091 097 United Asia Fund
        549 words
      • 488 23 Reuter DETROIT Chrysler Corp. powered by surging sales of its jeeps, mini-vans and trucks, has reported record profit of US$3.7l billion (555.3 billion) for 1994. The profit, which topped the company's previous all-time record of US$2.4 billion set in 1984, marked the best
        Reuter  -  488 words
      • COMPANY BRIEFS
        • 72 23 Bloomberg Business News HONGKONG UK-based investment banking group Kleinwort Benson and Guotai Securities, one of China's biggest securities houses, have proposed a joint-venture fund management company. Kleinwort will hold a 49 per cent stake in the proposed fund management operation if the venture is approved
          Bloomberg Business News  -  72 words
        • 81 23 Reuter BEVERLY HILLS, California Hilton Hotels Corp said on Tuesday its earnings climbed 18 per cent in the latest quarter, thanks to strong results in its hotel and casino businesses. The Beverly Hills-based company said it made a profit of US$3B.l million (5555.2 million), or
          Reuter  -  81 words
        • 36 23 AFP TAIPEI Taiwan's food giant President Enterprises Corp yesterday said its pre-tax profit jumped 148 per cent from a year ago to NT$7.O5 billion (Ss3BB million) in calendar 1994. AFP
          AFP  -  36 words
        • 110 23 AFP SANTA CLARA, California Semiconductor giant Intel Corp reported a 37 per cent drop in fourth-quarter earnings on Tuesday, due to costs of fixing its defective Pentium microprocessor. The company earned US$372 million, or 86 US cents per share, in the September-December period, compared
          AFP  -  110 words
        • 61 23 Bloomberg Business News PARSIPPANY AT&T Corp and India's Tata Keltron Ltd said on Tuesday they have closed an agreement to market and make AT&T telecoms products in India. No financial details were released. Under the agreement, Tata Keltron will market AT&T cordless telephones, fax machines,
          Bloomberg Business News  -  61 words
        • 73 23 Bloomberg Business News MONTREAL Alcan Aluminium Ltd said on Tuesday it posted a fourth-quarter profit compared with a year-earlier loss, as the company benefited from higher aluminum prices and strengthening demand for the metal. Alcan had fourth-quarter profit from operations of US$73 million,
          Bloomberg Business News  -  73 words
        • 70 23 Bloomberg Business News PLANO. Texas Frito-Lay fnc said on Tuesday it would invest more than US$225 million this year to expand its lines of low-fat and no-fat snacks. The Piano, Texas, division of PepsiCo Inc said it expects reduced-fat products to provide a third of
          Bloomberg Business News  -  70 words
        • 78 23 Bloomberg Business News BOMBAY James Capel Co and Indian brokerage Batlivala Karani have obtained official approval to set up a joint-venture brokerage, the two companies announced yesterday. James Capel is a London-based subsidiary of HSBC Holdings pic, the parent of Hongkong Shanghai Banking Corp.
          Bloomberg Business News  -  78 words
        • 80 23 Reuter PITTSBURGH Westinghouse Electric Corp. back on its feet after huge losses and a lengthy restructuring, should report its first ycar-on-year gain in earnings since 1990 in the fourth quarter, analysts said on Tuesday. "It's the first positive comparison since 1990," said Nicholas Heymann. analyst at
          Reuter  -  80 words
      • 496 23 Reuter LONDON Maurice Saatchi has served a writ against Saatchi Saatchi, the advertising group he helped to found 25 years ago. claiming it broke his contract when it fired him as chairman last month. Tuesday's action, the latest chapter in
        Reuter  -  496 words
      • 227 23 AFP SHANGHAI A central banker said recently the development of China's stock market will focus on treasury bonds for a long time to come, a newspaper reported yesterday. The Shanghai Securities News reported that People's Bank of China vice-president
        AFP  -  227 words
      • 408 23 Reuter BOMBAY India's OTC Exchange is repositioning itself to cater exclusively to small investors and has announced plans to double its network to 54 cities in the next three months, a senior official said yesterday. "Our future lies in small companies and
        Reuter  -  408 words
      • 63 23 AFP MEXICO CITY A woman mopping the floor of a Mercedes Ben/ dealer here on Tuesday. The German automaker has stopped production of all its lines trucks, tractors, buses and passenger cars for the period Jan 4 to Jan 23. Volkswagen and US-based Ford
        AFP  -  63 words
      • 384 23 NYT NEW YORK Several of the biggest banks in the United States, dragged down by trading losses and lower income from interest, have reported fourth-quarter earnings that are below expectations. "It was not a pretty quarter," said
        NYT  -  384 words
    • FINANCE & COMMODITIES
      • 457 24  -  By Paul Leo SINGAPORE Currency players in Thailand have bjamed Hongkong-based Credit Lyonnais Securities (Asia) for starting baht devaluation rumours last week. They singled out the French broker's regional economist, Jim Walker, for having triggered a sell-off that dragged the baht down
        457 words
      • 373 24  -  Reports by Paul Leo SINGAPORE The role of the Singapore Commodity Exchange (Sicom) is to develop trading in soft and hard commodities not traded on the Singapore International Monetary Exchange (Simcx), Sicom general manager Chong Kim Seng said yesterday.
        373 words
      • 385 24  -  By Said Abdullah SINGAPORE Asian cofTee producers, already more profitable than their non-Asian counterparts, will double their global market share by the end of the decade from 10 per cent in 1980s. At present they have a 17 per cent market share,
        385 words
      • 253 24 SINGAPORE The unveiling of the robusta coffee contract to be traded on the Singapore Commodity Exchange from next month was the highlight of the three-day coffee conference which ended yesterday. Contracts will be for 10 metric tonnes each of
        253 words
      • 293 24  -  By Quak Hiang Whai SINGAPORE The basic regulatory framework to supervise and monitor the private sector's financial derivative exposure should be in place even before formal trading exchanges are set up. a senior official from the World Bank
        293 words
      • 322 24 ENERGY REPORT Reuter LONDON Key world oil prices rose again yesterday after the latest weekly data showed a decline in US fuel stocks but some traders expected the recent rally to run out of steam soon. After reaching seven-week highs on Tuesday, benchmark
        Reuter  -  322 words
      • Article, Illustration
        1566 24 I iaJr-»nfhl*il injr\ ak tilaitii aicain\i S'l*trr nip 14 IraJint panmrry Htisr Yiih /W US$/S$ forward rates Noon Jan 18 SS BmI Offer 1-month 1 4434 1.4454 2-month ***** ***** 3-month I 4382 I 4W7 6-month ***** 1 4341 Source: OCBC FOREIGN CURRENCY NOTE RATES As at 9am m Ian
        1,566 words
      • 198 24 Reuter LONDON The dollar failed to make headway against the mark but gained against the yen in a European trading session driven by mark strength on the European crosses. The devastating earthquake in Japan had little efTect on dollar/yen but analysts said the market was still mulling
        Reuter  -  198 words
      • 85 24 AFP NEW YORK The dollar was mixed yesterday in quiet morning trading with activity centering on dollar-yen exchanges prompted by the disastrous aftermath of the Japanese earthquake. In early morning trading, the dollar was trading at 1.5285 German marks, up from Tuesday's 1.5333 and at 99.43 yen from
        AFP  -  85 words
    • COMMODITIES & FUTURES
      • 1279 25 SIMEX REPORT Reuter SINGAPORE Simex Euroyen futures were firmer and Eurodollars easier at the close. Dealers said Euroyen contracts were firmer as the Bank of Japan (HOJ) continues with an easing stance to meet demand for funds after the massive earthquake in central Japan.
        Reuter  -  1,279 words
      • 650 25 COMMODITY REPORTS KL Tin MN price on the Kuala Lumpur Tin Market closed 15 sen higher to MS 15.50 per kg. in line with the uptrend on the London Metal Exchange overnight. The better performance in the local market was also attributed to
        650 words
      • KNIGHT-RIDDER COMMODITY SUMMARY
        • 94 25 SINGAPORE Rice stocks at Indonesia's Logistics Management Agency are less than 400,000 tonnes, far below comfortable levels, the Bisnis Indonesia newspaper said yesterday. In addition, the private-sector which has run out of rice is waiting for the Bulog agency to release more rice to
          94 words
        • 74 25 LONDON The International Coffee Organisation estimates that world production in 1995-96 will total 85.2 million 60-kilogram bags, down from an estimate of 91.9 million bags in 1994-95. The estimate is included in a draft newsletter distributed by the ICO at the start of a week
          74 words
        • 76 25 TOKYO Japan's crude steel production in 1994 fell short of 100 million tonnes for the third consecutive year and hit the fourth lowest level since 1973, the Kyodo news service quoted an industry association as reporting yesterday. The Japan Iron and Steel Federation said
          76 words
        • 67 25 TOKYO Despite strong white-to-raw sugar premiums, tolling activity will be likely limited to Thailand, putting a strain on white sugar supplies in Asia. South Korea is expected to confine its exports to a growing Asian market for sugar preparation or sugar substitutes this year because
          67 words
    • 1470 25 Rubber j an is Singapore Commodity Exchange Physical Prices (futures closing es at 5.30pm) Buu.i liiZI As at 12 mm (S cents/kg) RSS 1 Contract (S cents/kg) C lose Volume I* 248.00 249 OON Month High Low Sett (tonnes) Interest 247.00 248.00N RSS 4 Feb 95 241.75 242.75N
      1,470 words
    • REGIONAL STOCK MARKETS
      • 1009 26 8 THE Australian share market closed firmer yesterday, shrugging off Kobe-Osaka earthquake jitters in afternoon trade after Tokyo posted only a mild reaction to the disaster. "The market was a little bit twitchy about what might or might not happen in Tokyo," Nevitts' Lew Draper said. "When Tokyo didn't
        1,009 words
      • 261 26 +19.06 A late buying flurry concentrated in the leaders awoke the New Zealand market from a torpid session, sending the blue-hip index to its highest close for the year. "There was some chunky buying that came in this afternoon." said Don Turkington of Cavill White Securities. The NZSE-40
        261 words
      • 431 26 +9.7 Share prices ended a four-day downward streak and rebounded yesterday on the Korea Stock Exchange, boosted by anticipation that domestic manufacturers would gain from the earthquake in Japan, brokers said. The Composite Price Index jumped 9.7 points to close out at 966.66 points, but trading was sluggish with
        431 words
      • 609 26 +107.73 The bourse yesterday jumped across the board with all eight major categories of shares posting gains, boosted by speculation of cement and steel price hikes here following a powerful earthquake in Japan, dealers said. The 414-issue Weighted Price Index on the Taiwan Stock Exchange climbed 107.73 points, or
        609 words
      • 601 26 -14.81 Philippine share prices slid by 0.57 per cent as profit-takers ended a two-day rally, analysts said. The Philippine Stock Exchange Composite Index (Phisix) fell 14.81 points to 2,539.59 points after a 2.8 per cent rise on Tuesday. Volume rose 72.3 per cent to 3.159 billion shares, while value
        601 words
      • 111 26 18.05 Share prices rose marginally yesterday on the Bombay Stock Exchange. The 30-share BSE Sensitive Index gained 18.05 points to 3,654.35 points. Analyst Ajit Ambani said domestic and foreign financial institutions continued to pick up offerings and the Bombay market was unaffected by Tuesday's killer earthquake in Japan, he
        111 words
    • WORLD STOCK MARKETS
      • 626 26 4-0.5 Shares closed barely changed in a quiet, directionless market where merchant bank Warburg sparkled on renewed bid speculation. The overall market fell early on after news of a strong rise in December UK retail prices, which added to fears of interest rate hikes, dealers said. But Shares recovered
        626 words
      • 308 26 +10.97 Stocks moved higher early on strength in precious metals, but the market's under- lying tone remains negative, traders said. The TSE 300 Index was up 10.97 points at 4158.52 on volume of 12.43 million shares valued at C 5170.83 million. Advancing stocks outpaced declines. 198 to 163, with
        308 words
      • 296 26 -64.4 Afternoon profit-taking and a strong financial rand knocked the edge off sharp gains in South African gold and mining-related shares yesterday. But the bullish gold sentiment failed to boost the industrial market, where emerging market concerns and selective local selling took prices lower again, dealers said. The Overall
        296 words
      • 818 26 -21 US blue chips were near session lows at midday after renewed uncertainty over the Federal Reserve's stance on interest rates triggered a bout of profit taking. The Dow was down about 21 points, or 0.54 per cent, at 3909. Losers led gainers 11 to eight. Earlier at
        818 words
      • 137 26 +1.37 Belgian shares bounced back from early weakness to end slightly higher in line with most other European markets, despite the weaker dollar. The Bel-20 Index closed 1.37 points, or 0.10 per cent, up at 1,361.68 with 1.4 billion francs worth of Belgian shares traded. Some dealers said there
        137 words
      • 240 26 +0.56 Shares closed mixed after hugging a tight range all day with many in the market becoming cagy about Friday's futures and options expiries in the absence of definite company news, dealers said. The A EX Index closed 0.56 points up at 414.45, spending the session in a tight
        240 words
      • 140 26 +0.07 pc The Swedish bourse closed largely unchanged but brokers expect lower bond yields to boost share prices in the days ahead. The OMX Index rose 0.07 per cent to close at 1,171.90 in a turnover of three billion crowns. Trade picked up before the market closed. "It is
        140 words
      • 146 26 *5.02 German shares closed lacklustre trading lower unable to find new direction before Friday's options expiry date. Range trading between 2,070-2,080 was expected in afterhours dealing. Market is poised to move higher but lacks supportive factors, dealers said. The 30-share DAX Index was down 5.02 points at 2,078.85. March
        146 words
      • 154 26 -3.33 French shares ended the day slightly higher on the back of a bond rally which gained after a key resistance level had given way. The announcement by Prime Minister Edouard Balladur that he was running for president, as expected, did not have more than a fleeting impact on
        154 words
      • 245 26 +6.57 Swiss shares ended a quiet day firmer after shares recouped early losses, but dealers said the overall market lacked clear direction. No change in sentiment was expected today. The broad SPI Index closed 6.57 points higher at 1,698.37. Blue-chip SMI Index was up 10.8 to 2.593.6. SMI future
        245 words
      • 840 26 Britannia Funds Sterling Cash Bid Offer Mim Cap Deposit 38 MOO 3*6 VW Mim Jcr«c> Gill 0 189J 0 1992 Mim Mat Income *0 4000 *0 9400 LSS Cash Incomc Plus Fund 9 5900 10 1100 PS Reverse Fund 5 3700 5 3800 Sterling Fquits Euro Performance 0 4592 0
        840 words
    • Article, Illustration
      2998 27 AFP HONGKONG Stock prices closed slightly higher yesterday in cautious trading, with the key Hang Seng Index gaining 23.69 points, or 0.31 per cent, to close at 7,630.20. Turnover thinned further to HK52.204 billion, from the previous day's HK52.924 billion. "There was little selling interest," a broker at Peregrine
      AFP; Source: Bridge Info  -  2,998 words
    • Article, Illustration
      591 27 CLSA HONGKONG H shares consolidated with the index easing 0.1 per cent as turnover jumped 47 per cent to HKSI4O million. Maanshan Steel edged down 0.7 per cent following Tuesday's 15 per cent gain, comprising 40 per cent of total H share market turnover. A mixed performance was seen
      CLSA  -  591 words
    • Article, Illustration
      2548 27 Bloomberg Business News TOKYO Stocks were mixed as a drop in export shares, hurt by the dollar's decline against the yen, was offset by a rally in building shares, buoyed by the prospect of new orders after a devastating earthquake racked up billions of dollars in damage. Rubber shares,
      Bloomberg Business News; Source: Bridge Info  -  2,548 words
    • Article, Illustration
      1739 27 AFP BANGKOK The Stock Exchange of Thailand (SET) continued its rally yesterday with the index gaining 20.42 points, or 1.61 per cent, to close at 1.285.57 points, brokers said. Trading remained light, with 84.6 million shares worth 6.2 billion baht changing hands. Advances outnumbered declines 174 to 95, and
      AFP; Source: Bridge Info  -  1,739 words
    • Article, Illustration
      1173 27 Reuter JAKARTA Jakarta share prices closed mixed in moderate trading, with rises in selective big capitalised stocks pushing up the market index, brokers said. They said losers led gainers by 27 to 26 but rises in Gudang Garam. Sampoerna and Indofood could boost the index. "Carry-forward selling orders on
      Reuter  -  1,173 words
    • 2456 28 bl u 19*495 lm Vol lta> IjbI Quote l*» Oh VJ." High Low Conipunt Sale (1)00) High Im Hum Seller O N P/t MALAYSIAN STOCKS Ml 160 m AISB 50c 2)9 sd 231 2)5 JO -2.9 0* 24 206 101 ill AMDB 50c 101 -J 1)1 10) 101
      2,456 words
    • KUALA LUMPUR STOCK EXCHANGE
      • 6564 28 AFP Reuter KUALA LUMPUR Malaysian shares closed broadly lower yesterday on profittaking, shaking fragile sentiment that the market was on the mend after two days of rises, brokers said. The Kuala Lumpur Stock Exchange's 86-share weighted Composite Index fell 8.02 points to 918.74 from
        AFP; Reuter; Source: Bridge Info  -  6,564 words
    • STOCK EXCHANGE OF SINGAPORE
      • 8141 29 Gr Or M Wl l994/9« Inl Vol Da> I-.M Quote Dh Di« M Net < »P \.g Hick low («M"> Safe (DM) H«h Low B.xr Vlkr CN» P K tail Price INDUSTRIAL AND COMMERCIAL 720* 408 ml s Vcma MX 410 -12 59 420 408 408 410 88 4 7
        8,141 words
      • 1869 30  -  By R Sivanithy SINGAPORE The local stock market ended on a low note yesterday, although late support for the Straits Times Industrials Index reduced what would have been a larger loss. Property stocks again provided the main talking point on an otherwise depressing
        Charts by Bridge Info; Source: Bloomberg  -  1,869 words
  • Page 21 Advertisements
    • 320 21 NEWS VALUE Average bids down 10% in URA's first tender this year (pg I) Even the heavyweight Far East group seems to be pulling its punches. Maybank, Bank Bumi to raise base lending rates today (pg I) Rise inevitable considering the divergence with US rates. December's non-oil exports up 33%,
      320 words

  • Page 22 Advertisements
    • 656 22 i ';v BUSINESS TIMES [jl 4 Jk iWstay in a\^ermese_^4^ Jf M 1 -^IrPfLiij castle and enjoy JtfmlM M W v "m jr F W __j 1 l 1 1 M Afl > i I'li 1! E. ilOZail a-x> —HJRfc3 v /5r sfc A) Ludwig van Beethoven B) Jokann Strauss
      656 words

  • Page 23 Advertisements
    • 91 23 This Lunar New Year, lounge with famous names on the bay I And get to know some of the finest in furniture and furnishings with over 100,000 sq ft in Marina Square: At Pacific Link The Futon Shop, Transera Concepts, Heritage, Nandwani's, Caesar Palace Furnishings, Kingsgate Am N Crafts, Pertama.
      91 words

  • Page 24 Advertisements
    • 80 24 This announcement appears as a matter of record only PT PETROWIDADA SYNDICATED TERM LOAN FACILITY of U5544,585,000 Facility Agent PT Bank Negara Indonesia (Persero) Lead Managers PT Bank Negara Indonesia (Persero) The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch The Hongkong and Shanghai Banking Corporation Limited, Surabaya Branch Managers
      80 words
    • 49 24 You may have been unable to get your Business Times, Straits Times. Sunday Times, LianHe Zaobao and other daily newspapers from your usual newsstand because of the higher demand lately. To ensure a daily copy, caM Customer Services Section on 1 and ask for home or office delivery service.
      49 words

  • Page 25 Advertisements
    • 272 25 BUSINESS TIMES TOLL-FREE TEI-. No. 1-BQO-741-1883 FAX:74I-1298 NOTICE NOTICE IS HEREBY GIVEN that, I NG BEE CHOO of Blk 110 Bishan St. 12 #09-122 Singapore 2057, have applied for a Public House, First Class (Extended) Licence in respect of premises at M/s Neptune Taiwan Porridge Pte Ltd at No. 44
      272 words
    • 52 25 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead. jrnv-% f JUST CALL 1800-737-1166 Make the connection through The Straits Times Classified when you're looking for bargains or S looking for m A customers. Just give us a call.
      52 words

  • Page 26 Advertisements
    • 264 26 HERE'S YOUR CHANCE TO VISITS! CHINA THE GREAT SINGAPORE HANDICRAFTS We abKxto 3% GST* Win free tickets you pick up impeccably NEW ARRIVAL! 51,999 SET/7 trß *&■*.s«*« gig crafted furniture at unbelievable prices I |==a^rirrTTTTTT^?)Ti7ill WIDE RANGE Of JICHI, Singapore Handicrafts Fts Subb From now till 30 Jan 1995, every
      264 words

  • Page 27 Advertisements
    • 87 27 Celebrating Fish. Let's drink to fish. Bouillabaise or Tom Yam? Top of the M celebrates fish with a lunch buffet of every Imaginable Iqp fish recipe. Salmon, sole, snapper, sea bass... if it can be caught. It can be cooked. And we know all the OHMe delicious wags. Continental or
      87 words

  • Page 28 Advertisements
    • 59 28 SINGAPORE THE HOUR GLASS Takashimaya Shopping Centre Tel *****20 Lucky Plaza Tel. *****62 Scotts Tel. *****27 Centrepoint Tel *****98 Peninsula Plaza Tel *****09 Raffles Hotel Tel *****41* World Trade Centre J/ Tel *****51 Changi Airport Terminal 1 (West Wing) Tel *****60. Terminal 2 (South Wing) /ML Tel *****81 MALAYSIA THE
      59 words


  • Page 30 Advertisements
    • 91 30 tfy--V' z W%jUs£- f 0 WW A tij* °S, a tir %ft s *:V//yS* > «> 'I «r <■"-« Vf ."••«<*•• r ..,,,< ..> V T7«/S) V' •S vV "s ;V ('■<!■ u'.'<» v'w/J. »i < k 'i..' w\r .<U H<l»it\ Hmht 1\ i't h '"iiUi v /«Itu«. <in,.' I':i»ii
      91 words
    • 1138 30 B__y__S_J_N ESS TIMES M THE MATTER OF THECOMPAMESACT. CHAPTER 50 AND M THE MATTER OF FARFELDSMP MANAGEMENT PTE LTD (CREDITORS'VOLUNTARY WMOMGUP) NOTICE OF FINAL MEETING NOTICE is hereby given that the FINAL MEEUNQ of the Company and Creditors of the abovenamed company will be held at 9 Battery Road •13-10,
      1,138 words

  • SHIPPING TIMES
    • 345 31  -  By Rahita Elias SINGAPORE French container line Compagnie Maritime d'Affretement expects 1995 to be another good year. "A small but creditable net profit of 7.7 million francs (SS2.I million) was produced by our first half-year performance, and our final, full-year result
      345 words
    • 511 31 Knight-Ridder LONDON A lack of quality tonnage is pushing up prices of second-hand dry cargo vessels, and leading to an overall reduction in sales, according to UK shipbroker EA Gibson. Despite this, UK brokers Clarkson report that optimism for
      Knight-Ridder  -  511 words
    • 178 31 Knight-Ridder LONDON National Union of Seafarers of India members have stopped signing-on and signing-off 15 Shipping Corporation of India (SCI) vessels in India, according to Lloyd's Intelligence. The dispute is over the government's decision to re-open the closed seaman's employment office in
      Knight-Ridder  -  178 words
    • 258 31 Bloomberg Business News Knight-Kidder TOKYO All the container shipping docks in the port of Kobe are closed, having suffered varying degrees of damage in Tuesday's earthquake, said an official at the marine transport department of Japan's Ministry of Transportation. Kobe is Japan's second
      Bloomberg Business News; Knight-Kidder  -  258 words
    • 607 31 Page Col Able Shpg 9 4/5 Accord Group 12 1-3 •Ahlers Lines 15 5 Ahrenkiel Liner 6 1/2 •Appenship 6 4/5 •ANL 5 4/5 •ASCL 7 5 Astro Shpg 12 4 Avant Shpg 8 4/5 •Bank Line, The 13 5 Batamindo 9 3
      607 words
    • 44 31 Reuter HAMBURG, Germany The world's biggest container ship NYK Altair arriving at Hamburg port on Tuesday. The 60,117 gross registered tonne ship owned by Japan's Nippon Yusen Kaisha is on its maiden journey, with Rotterdam as its next stop. Reuter
      Reuter  -  44 words
    • 161 31 AFP SEOUL South Korean shipbuilders expect record exports in 1995, thanks to a copious backlog of orders landed in the past two years and improving productivity, industry sources said on Tuesday. The Korea Shipbuilders' Association said the value of exports by South Korean yards
      AFP  -  161 words
    • 1836 34 RATES generally remained firm for the larger units both in the Atlantic and Far East, although the efTect of the Japanese earthquake is far from being accurately assessed, brokers said. So far reports of damage to ships in the area have been slow to emerge, although the 70,171-dead
      1,836 words
    • 1265 35 Seatrade Review Monthly IS THE government really serious about reviving the Indian shipbuilding industry? This question is haunting Indian ship building and shipping eircles, notwithstanding the paekage of reliefs announeed by the government in September 1993 and the numerous promises trotted out by the
      Seatrade Review Monthly  -  1,265 words
    • 10936 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
      10,936 words
    • 1099 45 Bloomberg Business News FOR AN airline with a red kangaroo on its tail, Qantas isn't showing a lot of bounee as the eountdown approaehes for its publie sale. The government must sell the state-owned flagship carrier by June 30 or cope with a As 2
      Bloomberg Business News  -  1,099 words
    • 3406 46 A a.B( C ontainerline N\: Bclsin Shpg Agencies Pte Ltd (Sy Marine Handling Sdn Bhd (Pk/PN). Accord Group: Accord Shpg I'tc Ltd (SyAccord Contr Line (Pk/PN). Adkris Business Corporation Philippine Calsource Shpg Trdg Pte Ltd (S) Ahrenkiel Liner Service: kim Shpg Trdg (S). Albatros Sea-Air Service: Frata Shpg
      3,406 words
    • 299 46 \hacus ouriers Td 545-8011. Fax: 545-1898 Air Kvprw Iran 1 Id: 533-5771. Fax.: 535-6144 \irbornc I-rcifsht < orporalion Tel: 542-8844 lax: 542-3716. *****80. Airs* ill or Id wide Courier Td: 278-0188. Fax: 273-8283. AJS Supplies Td: 748-6322 (2 lines). 747-7421. Fax: 742-8975. Cits-link International Td: 344-3377. Fax: 345-6450.
      299 words
    • 1555 46 Xbex F.xpress Freight Id: 542-7171. Fax *****X4 \ctinic Forwarder Tel: 225-1K.13. Fax: *****42. Acli>air Singapore Td: 542-7822. Fax: *****20. Verolink Freight International Tel: 545-8033 Fax 5450W5. Vcnispral Td: 542-5911. Fax: *****18 Air Cvkii No»o I- xpress Tel: 542-5454. Kax: *****06 Air F.xpress International Td: 542-7666 Kax *****74. *****50
      1,555 words
    • 2538 47 ARGENTINA Rosario: One vessel berthed awaiting orders, barges discharging soya, no vessels in roads. 9 vessels due at 4 terminals within the next week. San .Nicolas: Three vessels berthed loiding coils, barges discharging coal, no vessels in roads, 7 vessels due within iiic next week. Buenos Aires: Twenty-one
      2,538 words
    • 1022 47 CRUISE FERRY SCHEDULES CRUISE SHIPS Arr Dep Name of Vessel ETA t I D Ports of Calls Port Agent Telephone No JANUARY 19 19 Renaissance I 0800 1100 Pcnang Renaissance Cruises 222-3388 19 19 Columbus Caravelle 1000 2100 Kukup Harpers Shipping 221-1388 19 19 Mcgastar Aries 1500 2030 Fo Be
      1,022 words
    • 1633 47 THE firm trend in the dry bulk market has continued to be the major influence with panamax and handysize bulkcrs still dominating the reported sales. Also there have been some further rumours regarding newbuilding capesize bulkcrs including comments that Messrs Golden Ocean are in close
      1,633 words
    • SHIPS IN PORT
      • 600 48 V™* Voy Wo Berth Arrival Departure Vessel Voy Wo Berth Vrtval Pepartoe iurong Port Batam Speed5 *****' P01A 1901 0700 1901 0900 Batam tt* N174 II atongs«»e 1901 0030 Coo Asia 238 P06 1901 7359 2001 0600 <>»ia Turn 0195 M/S alongside 1901 2359 Cosmati 1 4113
        600 words
      • 1641 48 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Booking/Balance Rslts Ship Voy No Etb/Btr Period From To From Aq Dacy 061A 21/1100 4 19/1200 19/1459 19/1700 AO Jade 2218 20/1100 1A 18/1500 18/1659 18 1900 IB 18/1500 18/1659 18/1900
        1,641 words
      • 942 48 THIS twice weekly report, compiled by Cockett Marine Oil Ltd, shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on average-sized stem. Market movements are indicated. The Cockett Bunker Price Index change and
        942 words
      • 601 48 Carbon Carton m ian 12 Density Mater Residue ht\ Mrinun Sedment Density Water Residue Ash Alurinun Sedrw^ I MM M'* Exxon LuoJ RG/IT3 U/V 1M/M U M PPM method KG/IT3 V/V 1 M/M M/M PPM method Eastern USA 180 Ave 986 0 2 13.5 0 08
        601 words
    • AIR AND LAND TRANSPORT NEWS
      • 375 50 FT LONDON British Aerospace is finalising a deal with the Franco-Italian aircraft group ATR to merge the two companies' regional aircraft businesses. The new company would be a joint venture with each of the partners. BAe and ATR's two parents Aerospatiale and
        FT  -  375 words
      • 291 50 AP SEATTLE Two airlines are responding to procedures that Boeing Co suggested last year to prevent rudder-control problems that can make its 737 jets twist or roll violently, a newspaper reported. A third airline, meanwhile, has stepped up replacement of a
        AP  -  291 words
      • 210 50 Reuter NEW DELHI McDonnell Douglas Corp plans to set up a production base in India, The Economic Times reported on Tuesday. The paper reported McDonnell Douglas chairman Harry Stonecipher as saying that his firm will have highlevel meetings with India's Tata group and Hindustan
        Reuter  -  210 words
      • 44 50 AFP KATHMANDU, Nepal Kathmandu police inspecting the wreckage of a twin otter plane of the Royal Nepal Airlines on Tuesday. The plane overshot the runway during takeoff and landed in a nearby field, killing its pilot and a passenger. AFP
        AFP  -  44 words
      • 214 50 AP AFP JAKARTA The airport of Jogjakarta in central Java has been closed to Boeing 737 and McDonnell Douglas DC-9 airplanes because of its short runway, a senior official said on Tuesday. The decision came after four planes had skidded off the runway on
        AP; AFP  -  214 words
      • 193 50 Bloomberg Business News TOKYO Honda Motor Co will transfer 1,300 white collar employees and factory workers from around Japan to sales positions at dealerships, a spokesman said on Tuesday. The transfers will be spread over two years starting April 1, said
        Bloomberg Business News  -  193 words
      • LOG BOOK
        • 92 50 AFP MANILA Some 30,000 commuter minibuses, known popularly as jeepneys, will be prevented from entering this city as pan of a programme to ease Manila's worsening traffic problem, the head of a special task force said here on Tuesday. Senior Superintendent Romeo Maganto said
          AFP  -  92 words
        • 93 50 Reuter PARIS Five grain ships are scheduled to arrive at the French port of Rouen in the next four days, port authorities said on Tuesday. The vessels are marked for arrival between Jan 17 and Jan 20 and will load around 65,000 tonnes of
          Reuter  -  93 words
        • 62 50 Bloomberg Business News TOKYO Daihatsu Motor Co closed two factories, in Kyoto and Ikeda, following the large earthquake in western Japan, according to Toyota Motor Corp. These two factories manufacture Toyota passenger cars and light vans. Other Toyota-related facilities in the region, including Toyota's Osaka
          Bloomberg Business News  -  62 words
        • 60 50 Reuter ATLANTA Unionised flight attendants for Atlantic Southeast Airlines Inc said on Tuesday they will picket at Atlanta-Hartsfield Airport this week to protest schedule changes set by the commuter carrier. The Association of Flight Attendants, which represents 300 employees at Atlantic Southeast, contends the scheduling
          Reuter  -  60 words
      • 313 50 Reuter LONDON Britain's 26 million drivers are unwilling to cut car usage and would even buy more cars if they could afford to, despite their own worries over the harm cars do to the environment, a report showed on Tuesday. The annual
        Reuter  -  313 words
      • 1659 50 ati nw» n* nm n»_ nw« to w n»_ MM MmM GA985 1105 Gf 147 1850 N* CM MMl City VN74I 1310 SQ172 1000 GF146 1110 SQ171 1450 VN740 1410 SQ441 1510 MIKIiih UA1 0050 UA2 1215 GA883 > 520 SQ1 1135 CX7I0 0840 GA975 1535
        1,659 words
      • 262 50 Bloomberg Business News AMSTERDAM Passengers travelling between seven European countries will soon no longer need to show their passport when passing through Amsterdam's Schiphol Airport. From March 26, they will use magnetic cards at turnstiles before proceeding to boarding gates or leaving
        Bloomberg Business News  -  262 words
  • Page 31 Advertisements
    • 21 31 2 New Services to Far East RTA Arriving Wed to Pusan Incheon lAX Arriving Fri to Tokyo, Osaka Yokohama Hotltne *****30
      21 words
    • 26 31 Lines and services represented by Members of the Registry of Accredited {{01} Shipping Agents, Singapore National Shipping Association. For advertising enquiries, contact Stopping Times. W 740-2089/740-2090
      26 words
    • 51 31 PERSONAL riNANCE INVESTMENT Every Saturday in Business Times India shipbuilding industry waiting for revival, Pg 5 Qantas sale ready for takeoff, Pg 13 BAe set to enter regional aircraft marketing deal, Pg 20 EYE ON THE TIGERS Nobody covers East Asia like we do. The Region. Everyday. m Business Times
      51 words

  • Page 32 Advertisements
    • 509 32 (Ml «>of^ f, TK)I TD r=ra tnwttiAE mhtaiucd i imcc «iTc\ iTn I j£U&H fa ft aal VW Oceanic Underwater Services (Pte) Ltd ADVANCE CUIMTAIIMcrI LIN bb (PTE) LTD ISRj blk 1 everton park 01-29 Singapore 0206 i w block 18. no 95 pandan loop Singapore 0512 tel 779 7719.774
      509 words

  • Page 33 Advertisements
    • 879 33 TPL COMMUNICATION NEVILLE|CLARKE QUALITY Specialise In. Neville-Clarke (Singapore) Pte Limited X: Dedicated to Quality Service KTS, PABX, IBM Cabling Syst6m, Management Consultants in Quality UTP and all Communication Wiring 152 Beach Road #08-08 OOCL (SINGAPORE) PTE. LTD. Gateway East 200 Cantonment Road, #12-05 Southpoint, Singapore 0208. N0.2 Pandan Valley #01
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  • Page 34 Advertisements
    • 2082 34 import.... import.... [WORTH AMERICA! I OTHER DEBTPIATK)NB~I 1 NORTH AMERICA 1 tower on to«ht ea*«T <yao I mrc.w < i>c^^ lM M M rTA»wt« I mnqwom mlvoima nmM (Macr noM wc «r co*»d 1 VESSEL VOT STOW U OA* VCR SEA DAL HOUSTON CMC NT HMCO OTT MOMR *X WW
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  • Page 35 Advertisements
    • 1112 35 Mj I IMITPn ADAR SWITCHBOARD:2272S3O -fihwlKKi* wI>BIta#AKAD bquqnqtel&xhwu&m ***** =s=d IiMOW SHIPPING CUSTOMER SERVICE TEL: *****06/418 FAX: *****14 DOCWMTATMrn: *****94 BA. DRAFT FAX: *****53 I D^ l^§4^A^^j>FAX: *****13 1 IttL/WT ~aw ~PSO I D«B I SHI IKW I MJH I DMW I BAH I DOH I WSL/VOY ISH ~B» BKM
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    • 415 35 ANL. IT'S AUSTRALIAN FOR SHIPPING TO AUBTBAUA (BAST COAST) PROM AUSTRALIA (EAST COAST) WSHI/VOV Ml KG Si* BM STD MIB BU* HOB WSKI/VOY ME STD MEB BUI HOB *t |'"w Ml 6 ium iu ij 01 i7/ti ii n oio? 04 or o? 02 m/« 2 tMMrmr mm 05 01
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  • Page 36 Advertisements
    • 1473 36 R DAM LE SOUTH- PORT VQY NO HAMBURG ANTWERP HAVRE AMPTON KELANG SPORE HKG KAO TYO SHI KOB NAG KAMAKURA 37/252 27/12 29/12 31/12 19/1 22/1 24/1 26/1 2/2 31/1 KATSURAGI 24/451 30/12 3/1 28/12 22/1 26/1 30/1 31/1 THAMES 26/20 1 3/1 s£l 7/1 25/1 26/1 30/1 9/2 6/2
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    • 461 36 iJSSppMppjßk IS' pore P.Kelang Loading for FORUM AKASAKA 25/1 30/1 Rdm/Atw/UK/Nantes I VLAHERNA 5/2 9/2 Rdm/Atw/UK/Nantes •Loads E./W. Malaysia. Indonesia I V Loading for ENERGETIC Dubai, Bahrain/Damman/Kuwait H I SEA VEN'JS Hodeidah/Jeddah/Aqaba I *Loads Singapore. E./W. Malaysia. Indonesia V Loading for V I DONA V Los Angeles/New Orleans/ I Charleston/Norfolk/Camden
      461 words
    • 1579 36 I NORASiAI KCTJIT!^rTaiWYT3WWW!WfWff—^■ I" VSL/VOY SIN ALG BCL VAL HA M NORASIA Ktl 9502-3 20/01 06/02 10/02 11/02 11/02 12/02 12/02 13/02 13/02 14/02 I SI PROE 504* 27/01 15/02 19/02 20/02 20/02 21/02 21/02 22/02 22/02 23/02 B SI VALVE 503W 02/02 21/02 24/02 25/02 25/02 2«/02 26/02 27/02
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  • Page 37 Advertisements
    • 1217 37 STRAITS SHIPPING PTE LTD IBSm 10 Hoe Chiang Road #11-01 Keppel Towers WKUK. Singapore 0208 Tel: *****88 Fax: *****17 NEW GUINEA PACIFIC LINE gPEp (A service of china naviqation CO) CARGO OUt SAILS MIRUM VO IE KK. SliM. Ta« M PC* I 19 lan FCL LCL CONTAINER ANO BREAK BULK
      1,217 words
    • 2866 37 W Singapore Agent: I I P&O Containers (Singapore Agencies) Pte Ltd VAAItCwAaAwA O 10 Hoc C hiang Koad. »07-01 kcppcl Towers. Singapore 0208 WKmSmK First Class Connections WORLDWIDE Tel: 225 2233 Telex: RS ***** PNOCSP Fax: 225 5327/222 7517 J W 1 R Number: *****9 *****/, EXPORT IMPORT jVESSEL VOV
      2,866 words

  • Page 38 Advertisements
    • 495 38 JOINT VENTURE SAMUOERA INDONESIA CID RICKMERS 1 SINGAPORE CHINA GREEN ERA VOY 3NB 12 MA QMGDAO MSA StPULUH VOY 3NB OS FEB XINGANG SHANGHAI NXJCEMENT CALL P.KELANG HXJCEMENT CALL HK. P GUDANG. BCLAMAM. TG MAM XIAMEN. ZHANGAGANG > UTAMA HARTA I -ij WEEKLY FULL CONTAINE R SHIP FEEDER VESSEL NAME
      495 words
    • 1157 38 HANJIN SHIPPING BOOKING TEL:- *****35-237 OPERATION TEL: *****41-253 SALES TEL:- *****30-233 DOCUMENT TEL: *****71-275 ft* VSI sm ILM HAUL HI T¥* POI FOR I ILN HMI SA¥ IN BYC HMUN HONGKONG 047E 211 04WCT 9/2 10/2 U/2 HMUN BUSAN 1511 22/1 N WEMCA tIK 23/2 24/2 2C/2 HAN* SUTTLE 03CC
      1,157 words
    • 1257 38 H "M "T~FT T lfc I r a «T», .c in? ,S: w w moaWSBTOUIOBtt RrciM MUM wc rs cm m V I I L «ro *»H 31/1 2 ,l'l J% nn >/J w 14/1 M/l 21/3 a/I 21/1 24/1 1/4 11/4 17/4 iiVB If aawvtn T/l i{? /2 .X!
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  • Page 39 Advertisements
    • 1971 39 VARNA (BULGARIA) CONSTANTZA (ROMANIA) VIA UMASSOL 3 SAILING FBI MONTH CtMfii 4|Mrtt: T#f fCtatfiff' *****00 Sj/m/SooAMc: 4jmcr Ptpt SHIPPING PTF Irn r 2241*46 CmMnr <l«5»41/l« Contains S« —U; 4205*02 Oparalton ConttlMr *****15 H LIU T*w. 2—36 COSMIP CMMritaH; 4205*50 DO: ******5 Conrrnttonsl *****46 a C» Nc 117*7****** M fu. 22*220*
      1,971 words
    • 647 39 HEUNG-A SHIPPING (KOREAN FLM^!! f BUY COWWBBH) SERVICE I I COWCTTBWI SERVICE I JAKAWA <VC PtfSi HKqImW IMt 1 HKO l*U> IWC MOJII IWI HKol WnIjCTI j«v|l«CO| I ttOBA I VSOIH oa/ai 15/01 20/01 a/01 21/01 PI/02 02/02 03/0? HO DOWm SOU 07/11 14/011 IS/ai I OfT 23/01 OUT 13/02
      647 words
    • 270 39 H SHIPPING WAREHOUSING H rAMmmmmmmmmm P |i Singapore Loading Every Mon To Frit wk (BATAMINDO l/ll) Accapting FCL/Convontional/Proiact A Haavy Lilt Cargo Tel: 227-0322 Batamlndo Shipping Warehousing Pte Ltd f i ft Fax: 222-9330 J OH lANER SHII'I'INCi PTE LTD II 10 ANSON ROAD. #17-01 INTERNATIONAL PI.AZA. SINGAPORE 0207 S
      270 words
    • 293 39 yj£ FAMOUS CONTAINER LINES 80 ROBINSON ROAD, #22-02 SINGAPORE 0106 HOT LINE: *****33 (30 LINES) GOTHENBURG/SCAN 23/01 ROTTERDAM 23/01 AARHUS/COPENHAGEN 23/01 HAMBURG/BREMEN 24/01 MARSEILLE/FRANCE 24/01 FELIXSTOWE/UK 20/01 BARCELONA/SPAIN 20/01 LEHAVRE/FRANCE ***** GENOA/ITALY 21/01 ANTWERP/BELGIUM 24/01 LOS ANGELES/WC/PI 21/01 SYDNEY/MELBOURNE 23/01 NEW YORK/EC 21/01 FREMANTLE/ADELAIDE 22/01 VANCOUVER 25/01 BRISBANE 29/01 TORONTO/MONTREAL
      293 words



  • Page 42 Advertisements
    • 1285 42 1 VESSEL «IN MJ I vtMC. ypy H 3 jSRA_BMUM MS Fri 20/1 Wad 25/1 I intra BHUM 5011 Fri I 20/1 Sal 21/1 0 VESSEL VOY SIN BKK BHATRA BHUM MS Sat 21/1 Tw 24/1 |>fnu> HU>t w#d 25/1 1 WANT A BHUM 22W St 21/~ Tua 24/1 g
      1,285 words
    • 893 42 79 ANSON ROAD, #21-01, SINGAPORE 0207 TELE: *****92 FAX: *****57 CR **********0N ■■■■inn J BTBAITB BHUTTU WEHVtCE PORT KLANG 1 PENANG ft* s l vo y six I mi vessel wr 1 sw pew fA *****K 20/1 (FRI) 22/1 (SUN) MCC CONVEYOR 5005 20/1 (FH) 22/1 (SUN) aA tAUWI 355N
      893 words

  • Page 43 Advertisements
    • 912 43 PACIFIC INTERNATIONAL LINES (PTE) LTD^ I r 140 Cecil Street #03-00 PIL Building. Singapore 0106. CR NO: **********0E I VOY BIN CMB JIB HOD JED AQJ AOE PZU MBW ASA I* 521- ®f RAMI BRNI3S 27/1 1/2 8/2 10/2 12/2 15/2 27/2 3/3 7/3 ft 551* *>WAVA WJASIS 9/2 14/2
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    • 938 43 I wsstis ¥0T UN umm hwuw twms rotterpam ahtww Wilt Ot lUCAIM UO7W 18/01 08/02 13/02 99/02 10/02 11/02 Witt Ot IBM 107W W(H 15/02 17/02 H/02 20/02 21/02 Will DC CAJtMA CO7W 01/02 21/02 23/02 24/02 24/02 2775$ 1 Wilt Ot SACITTA SO7W 00/02 01/03 Q3/Q3 05/03 28/83 0t703
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    • 594 43 M MYANMA \flBßk five star line W (Myanmar National Line) Loading for Yangon (Rangoon) Spore P.KIf Pen PG* PAGAN *2171* 20/23 1m TANAH Alt *2W 20/24 lan MAL A TStA AGENTS BOUSTEAO SMPPMG AGENCCS All: Til 02-03-*****00 PIU: m 02 03-3M0707 ia 02 04-*****2 MO la 02-07-*****21/4 NIGERIAN NATIONAL SHIPPING
      594 words

  • Page 44 Advertisements
    • 1514 44 TO EUROPE |[FRoj!^Ußopjr_^^^^^^_^__^^^^^^ FEEDER I*l PEN MOTHER VSI I STORE LEH RTM HAM BRH F*T «l PKI STCBI W6 fUSWI KOK St—fl) H6O TON BSE SBM 5001/5001 14.11 14.01 N) AERICA 2494 17.01 04.02 0102 <*02 0* 02 09 02 OCEAIB* 1524 1101 20.01 23.01 2(01 2101 20.01 3101 3101
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    • 254 44 DIRECT BREAKBULK/CONTAINER RO-RO SERVICE TO MANILA MV. "ASIAN HIBISCUS" VOY 6 ETA 3-2-95 (HEAVY LIFT AVAILABLE UP TO 30 TONS) SINGAPORE SEAWAY SHIPPING PTE. LTD. WIT If** (GENERAL AGENT) NATWEST CENTRE *1503. SPORE 0106 TEL *****33 FAX *****53 TLX R*****8 VVaS PORT KtLWIG GU.FSW AGENCKS SON BW TEL 03 *****70/1
      254 words
    • 474 44 IBABMN CONTAINER LINES, INC MAC-NELB SPORE: *****22 (24 LINES) vZJ \y Jcm Noc IMM7MOOOC SIBU (064) *****9 KUCHING (082) *****3 PENANQ: (04) *****6 BANGKOK (662) *****57 MANILA (632) *****61 P.KELANG: (03) *****77 JAKARTA: (21) *****07 SURABAYA; (31) *****0 ASIA HKG/TWN/BKKI GENOA/EUROPE PEN PKI SIN 5 SAILINGS/WEEK PEN PK SIN 20/1
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  • Page 45 Advertisements
    • 22 45 M m The latest in sea, air and land transportation Shipping Times Monday to Friday SINGAPORE f Business Times *1 KNOW ASM
      22 words
    • 248 45 I VESSEL VOY SM MAA SIN I TIGER ISLAND 125S 19-20/01 (FOR OtSCHAHGE ONLVfI TIGER CAPt 013N 27 28/01 02 09/02 14-15/02 TIGtR BRIDGE 31SN 29-30/01 04-10/02 15-16/02 I TIGER ISLAND 127N 29 30/01 04-10/02 15-16/02 TIGER BAY I2BN 3101/02 06-13/02 IS-19/02 I lIGER SPEED 316N 0203/02 08 14/02 19-20/02
      248 words
    • 370 45 |°1 PONGNAMA LINE COWtAINgRfIO MRVICf rmAm^iW/IWC/MW msai (MB) urn km rm mt b» bastkm nam n/n 23/01 n 01 00/02 m 02 MUM Mil 29/tl 11 01 (1/(2 12/12 12/(2 IV(2 TUISWS IMIR M 02 11 02 21/(2 21/(2 MKMC turn rto2* 11/(2 13/(2 14/(2 l(/(2 N/02 (1/01 ROUND THI
      370 words
    • 376 45 TEL: *****33 (12 Lines) FAX: *****15/*****03 TELEX: RS ***** RISHIP (3 Lines) CR NO.: **********0E 1L" I lIH S ACCEPTING FCL AND CONVENTIONAL Voaaol Voy ETA Loading For Abtoay Worw 42W8 29/01 Mombasa. Djibouti Aaaab. Maaaawa Andinet 38WB 20/03 Mombasa. Djibouti Aiub Mhiiwi K KIEN HUNG LINE FI LLY CONTAINERISED
      376 words




  • Page 49 Advertisements
    • 483 49 A HYUNDAI WESTBOUND TO EUROPE BKG: *****61 [pNA [pKE PSD VESSELS VOY SW RTM ANT LEH HAM BRtJ Fa 18/01 20/01 21/01 SI MMQNER 314* MTOI ***** ***** U702 12/02 ***** 14/02 25/01 27/01 2S/01 H. MNOVATOR 313* 30/01 17/02 19/02 18/02 19/02 19/02 21/02 01/02 03/02 04/02 H. EXPLORER
      483 words
    • 1026 49 STRAITS/ JAPAN/ STRAITS SERVICE multi-purpose t roro carrkr SPECIALIZE M HEAVY LFT CARGO UPTO 120 TOWS RAMP CAPACITY UPTO 50 TONS VtSStl VOT |S* ETA/D LAX foAK [crt DAL MEM/COL HOU ("iffC [nor ALLIGATOR TRIUMPH 60A 19/01 /20/01 05/02 07/02 OS/02 09/02 09/02 10/02 10/02 11/02 VESSEL 101 SAn IOAOMG
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  • Page 49 Miscellaneous
    • 308 49 TODAY'S TIDES (height in metres) HOUR 0000 0100 0200 0300 0400 0500 0600 0700 0800 0900 1000 1100 1200 1300 1400 1500 1600 1700 1800 1900 2000 2100 2200 2300 2.4 2.6 2.6 2.3 IS 1.3 1.0 0.9 1.0 1.4 2.0 2.7 3.1 3.1 29 2.5 18 1.2 0.7 05
      308 words