The Business Times, 2 February 1995

Total Pages: 32
1 32 The Business Times
  • 12 1 BUSINESS TIMES MITA(P) 194/12/94 Thursday February 2 1995 WE KNOW ASIA 85"
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  • 2am LATEST
    • 69 1 Reuter WASHINGTON The Group of Seven will have to explore ways for the international financial institutions to oversee nations' policies more closely once they stop borrowing from those organisations. "That's the kind of institutional question we're going to have to look at in
      Reuter  -  69 words
    • 36 1 Reuter WASHINGTON World Bank president Lewis Preston has been diagnosed with cancer. The bank yesterday said Mr Preston was in New York for medical tests when the cancer was discovered. Reuter
      Reuter  -  36 words
    • 56 1 Reuter WASHINGTON The US Agriculture Department's proposed wheat subsidy allocation for China is not being held up by a looming trade war over intellectual property rights. The USDA general sales manager yesterday said the allocation, expected to be around one million tonnes, was still under review in
      Reuter  -  56 words
  • 101 1 Stock market indices Wednesday Change STII closed KLSE Comp closed Nikkei 18,739.47 +89.65 Hang Seng closed SET Index 1,238.53 +20.79 Jakarta Comp 434.65 +0.82 CLSA China B ..closed Aust All Ord 1,833.1 +2.5 FTSE 100 3,017.3 +25.7 Wednesday Previous 1pm EST close Dow Jones 3,860.34 3,843.86 Average of
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  • 378 1 AP FT GENEVA Singapore has been overwhelmingly endorsed to host the founding meeting of the World Trade Organisation (WTO). Delegations from Asia, Latin America and Europe gathered at the WTO's first general council meeting here on Tuesday agreed that the first ministerial conference
    AP; FT  -  378 words
  • 444 1  -  From Maggie Ford in JAKARTA INDONESIA'S central bank, beset by three multi-million-dollar bank collapses in the past four years, is to increase substantially the information required from banks in an effort to boost supervisors' ability to spot problem areas in advance. Bank Indonesia's director
    444 words
  • 351 1 BANGKOK Former telecommunications magnate Thaksin Shinawatra announced on Tuesday that he was resigning as Thai foreign minister, saying he did not wish to wait for results of a probe of possible conflicts of interest. Though Mr Thaksin has already quit as chairman of Thai
    351 words
  • 456 1  -  By Chuang Peck Ming SINGAPORE Singapore is still the cheapest Asian newly industrialising country for expatriates to live in, says the London-based research firm Employment Conditions Abroad (ECA). Its rankings of the 1994 living costs in 67 countries show South Korea
    456 words
  • 445 1 NEW YORK A key US economic indicator yesterday strengthened the view that US interest rates were set for another rise as the Federal Reserve's policy-setting Open Market Committee met for a second day to discuss the issue. As at 2.15 am
    445 words
  • 52 1 US STOCKS rose for a second day amid optimism that Mexico's financial crisis is abating and interest rates won't move much higher this year. At Ipm EST, the Dow Jones Industrial Average rose 16.48 points to 3,860.34 after gaining 11.78 points on Tuesday to close
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  • 396 1 Reuter AFP TOKYO Buoyed by United States President Bill Clinton's announcement of a financial rescue package for Mexico, stock markets in the region closed firmer yesterday. On Tuesday, Mr Clinton said that Washington would be willing to extend USS2O billion (Ss29 billion)
    Reuter; AFP  -  396 words
  • Page 1 Advertisements
    • 169 1 I3u rberrys; J F J c/- I j Reigns when it pours CONTENTS Regional News 2.3 Financial 7 World News 4 Features Rackets Law 10 Regional 8 Innovation 10 World 9 Sports 11 Currencies 7 TV/lifestyle 13 Simex/Commo 7 Focus 5 Subscription Tel 1800 *****77 Fax *****75 BT Newsdesk Tel
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    • 22 1 JL NF Innovation: Pg 10 k From the lab to the factory Insurance body studies risk of earthquake in S'pore, Pg 2
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    • 8 1 Siew: pg 6 Hexindo's offer worth a sho&\
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    • 61 1 ftottattiXJne: p g m B V.- jPrimtosmg infrastructui JCERRfrrimCT US wages up only 3% despite strong growth, Pg 4 j|yU "•■■'-w» J Boutiques: Centrepoint #01-JO Tel:7J7 4509 Paragon By Sogo *01-19 Tel: 734 99J$ Corners: Metro Paragon Metro Marina *Takashimaya S.C. Alio available at Unit PSA Lot 10 Kuala Lumpur
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  • SINGAPORE NEWS
    • EYE on the ECONOMY
      • 289 2  -  By Genevieve Cua RETAINED imports suited in the fourth quarter with a ycar-on-ycar growth of 20.62 per cent, the strongest quarterly growth in 1994. The surge came after a relatively slow third quarter, when retained imports grew 5.2 per cent, after a rise of 8.4
        Source: Dept of Statistics  -  289 words
    • 148 2 SINGAPORE Senior Minister Lee Kuan Yew said he wanted Singapore to go further up the ladder. In an interview with the New Paper yesterday, he said that this meant effort effort on the part of the government to get
      148 words
    • 454 2  -  By Soh Tiang Keng SINGAPORE The General Insurance Association of Singapore (GIA) is now conducting a preliminary study on earthquake risks on the island. This study, conducted by a special committee, will come out with findings and help GIA to decide whether to
      454 words
    • NEWS ROUNDUP
      • 160 2 SINGAPORE Prime Minister Goh Chok Tong in his Lunar New Year message said Singapore must retain its core traditional values even as it became more cosmopolitan. "That requires us to manage the external influences so that we absorb the good and filter out the undesirable.
        160 words
      • 107 2 SINGAPORE Australian Treasurer Ralph Willis and Industry Minister Peter Cook said that US fibre optics group Methode Electronics would be relocating its regional office from Singapore to Australia. The move will lead to an investment of AS2O million (SS22 million) over the next five years
        107 words
    • 98 2 HOPE of striking it rich in the Year of the Pig isn't exactly out of order. Better still, punting on an auspicious day might make all the difference. So, the Lunar New Year celebrations and revelry can wait. This was exactly
      Photo by Arthur Lee  -  98 words
  • THE REGION
    • 512 2 Reuter AFP SHANGHAI Uncle Sam is getting ready for war, not to defend democracy but to protect Madonna, Microsoft and Walt Disney against Chinese pirates. Trade hostilities between the United States and China threaten to erupt on Saturday. US Trade Representative
      Reuter; AFP  -  512 words
    • 353 2 Reuter AFP JAKARTA A senior Indonesian naval official has said the archipelago needs to increase substantially the size of its naval fleet, the official Antara news agency reported yesterday. The agency quoted Eastern Fleet Commander Rear Admiral Gofar Suwarno as saying on Tuesday
      Reuter; AFP  -  353 words
    • 305 2 Reuter TOKYO Nearly 150 members of Japan's ruling coalition have formed a group to prevent parliament from apologising for World War 11. group sources said yesterday. The 143 legislators oppose a planned apology to Asian countries for invading them and
      Reuter  -  305 words
    • 361 2 But traders cannot expect indefinite special treatment Bernama KUALA LUMPUR Malaysian Prime Minister Mahathir Mohamad has asked the European Union (EU) to give Malaysia more time before withdrawing the country's status under the Generalised System of Preferences (GSP). The prime minister said
      Bernama  -  361 words
    • 491 2 AFP SYDNEY Health experts say an Australian health scheme which taxes cigarettes to pay for anti-smoking campaigns is competing with tobacco companies for new markets in Asia and the Pacific islands. At stake is said to be the survival of smokers in the
      AFP  -  491 words

  • REGION/WORLD
    • 483 3 AFP Reuter BEIJING China has ushered in the Year of the Pig to a fanfare effectively proclaiming an end to the era of Deng Xiaoping and the emergence of President Jiang Zemin as the country's top leader. Mr Jiang's midnight appearance
      AFP; Reuter  -  483 words
    • 325 3 AFP HONGKONG A Chinese official called yesterday on "patriotic" Hongkongers to stand as candidates in municipal and legislative elections here, despite Beijing's vow to dismantle the government bodies when it takes over. Zhang Junshcng. deputy director of the Xinhua News Agency China's
      AFP  -  325 words
    • 418 3 Bloomberg Business News SHANGHAI Chinese economic czar Zhu Rongji said Beijing would cool feverish trading in bond futures by lowering yields on state bonds in the months ahead, the official China Business Times newspaper reports. Speaking to delegates at the
      Bloomberg Business News  -  418 words
    • 365 3 Reuter CANBERRA Asian crime groups, including Chinese triads, Vietnamese street gangs and the Japanese mafia are entrenched in Australia. "Asian organised crime is active in Australia. It is not going to go away and the Australian public need to be given more information
      Reuter  -  365 words
    • 200 3 Reuter CANBERRA US Deputy Secretary of State Strobe Talbott received an angry protest over subsidised US dairy exports to Asia from Australia in a meeting with Trade Minister Bob McMullan yesterday. Mr McMullan said he had specifically sought the meeting with Mr Talbott
      Reuter  -  200 words
    • 442 3 Reuter WELLINGTON New Zealand's reappearance on the White House guest list marks a turning point for a country which has worked hard to shed its isolation in the South Pacific, officials and analysts say. But its continuing anti-nu-clear policy means there is
      Reuter  -  442 words
    • 50 3 Reuter x a 7~ y(mn f I 11 IV1yM iii* r vendor offering passers-by palm fruits and cooked and live palm worms at a street here on Tuesday. A .orrn. m.lk) us.,. a.ailabk oily in »i».er. cos.s 25 kya. (about $8.7 a. .he ofliSll excZ^ Ke?
      Reuter  -  50 words
    • 443 3 Reuter SYDNEY Data showing retail sales and building approvals slipping further in December and the current account deficit swinging open to a record high could delay even further the next rise in official interest rates, analysts said. The next
      Reuter  -  443 words
    • NOTE BOOK
      • 87 3 AFP TOKYO The Murayama administration's public disapproval rating topped its approval rating for the first time in six months following criticism of the government's handling of the Kobe earthquake, according to a poll published yesterday. According to the Yomiuri newspaper survey, 44.7 per cent do not
        AFP  -  87 words
      • 119 3 AFP NEW DELHI The Indian government plans to clamp down on illegal trafficking in human body parts with a tough law this week providing for stiff prison terms for organ dealers, reports said yesterday. The decision came on the heels of a report
        AFP  -  119 words
      • 119 3 Reuter MANILA The son of the late president Ferdinand Marcos formally declared his intention yesterday to run for the Philippine Senate, the Commission on Elections said. Ferdinand Marcos Jr, widely known as "Bongbong", registered as a candidate of the Nationalist People's Coalition, which now
        Reuter  -  119 words
      • 106 3 Bloomberg Business News SHANGHAI The number of Chinese living below the poverty line rose to 8 per cent of the total population last year from 5 per cent the year before, the official China Business Times reports. The paper did not say what precisely
        Bloomberg Business News  -  106 words
  • Page 3 Advertisements
    • 158 3 HOTELFO^ALE Quality Hotel Auckland Airport The Auckland hotel market is performing strongly, with significant growth in demand. No major hotel has opened in Auckland since 1991. Auckland International Airport handles around 80% of New Zealand's international arrivals. The Quality Hotel Auckland Airport is well positioned to take advantage of this
      158 words
    • 171 3 HOTEL FOR SALE SHERATON HOBART HOTEL, AUSTRALIA •Tasmania's I lighest Rated Hotel Net Cash Flow Growth Kntire City Block •Freehold Tide Internationally Renowned Waterfront Location Sheraton Hobart is Tasmania's highest rated international standard luxury hotel. Constructed in 1987 over 13 levels the hotel has recently undergone soft refurbishment. A landmark
      171 words

  • THE WORLD
    • WORLD WATCH
      • 97 4 Reuter WASHINGTON The United States exported 202 billion eigarettes in the first 11 months of 1994, 14 per cent more than in the same period a year ago. the government said on Tuesday. The cigarettes were valued at U554.53 billion (556.57 billion), up 27 per cent
        Reuter  -  97 words
      • 103 4 Reuter LONDON Britons were asked yesterday to help locate £40 million (5592.4 million) in loose change which vanished in 1994. A Royal Mint survey estimated 450 million coins disappeared from circulation last year most probably falling through holes in pockets, slipping down the backs of
        Reuter  -  103 words
      • 99 4 Reuter VATICAN CITY Some 150 Vatican employees picketed the papal state's employment office on Tuesday to press for more money and better conditions, witnesses said. The protest followed a meeting of workers called by their union, the Association for Vatican Lay Employees, to draw up
        Reuter  -  99 words
      • 111 4 Reuter STRASBOURG, France The head of a Russian parliamentary delegation to the Council of Europe agreed yesterday that Russia's bid to join should be kept on ice because of the conflict in Chechnya. A committee of the council's parliamentary assembly had urged on Tuesday
        Reuter  -  111 words
      • 108 4 Reuter PANAMA CITY Panama's National Assembly passed a bill on Tuesday allowing the government to partly privatise the state-run telephone utility, authorities said. By a 44-18 vote, the measure to sell 49 per cent of the National Telecommunications Institute (Intel) passed its third and final
        Reuter  -  108 words
    • 459 4 AP WASHINGTON American workers' wages, salaries and benefits rose only 3 per cent last year despite strong economic growth and a sharp decline in unemployment, the Labour Department reported on Tuesday. The increase, the smallest ever recorded since the Labour
      AP  -  459 words
    • 75 4 Reuter MOSCOW Russian president Boris UTtsiftalking to a girl in the Kremlin on Tuesday during a given in honour of talented Russian children. Over 110 winners of inter-school competitions gathered at the Kremlin to celebrate their triumph on the eve of Mr Yeltsin's 64th birthday
      Reuter  -  75 words
    • 335 4 AP JERUSALEM The leaders of Israel, Jordan, Egypt and the Palestinians will meet for an unprecedented summit today to find ways to break the stalemate in Mideast pcacc talks. The summit was called to rescue the pcacc process which has been
      AP  -  335 words
    • 334 4 UPI Reuter BRUSSELS A court in Luxembourg on Tuesdav approved a US$l.B billion (552.61 billion) settlement that paves the way for compensation payments to creditors of the collapsed Bank of Credit and Commerce International (BCC1). The ruling by the Luxembourg Tribunal of
      UPI; Reuter  -  334 words
    • 358 4 Reuter CHICAGO Large American retailers cleared the racks of winter goods in January, but business could slow in coming months as consumers feel the sting of higher interest rates, experts said on Tuesday. Many large chains are expected to report today that
      Reuter  -  358 words
    • 300 4 AP WASHINGTON Signalling a more activist federal response to problems underscored by Orange County's financial collapse. US Deputy Treasury Secretary Frank N Newman said on Tuesday that regulators were likely to adopt tough new controls on the sales practices of the brokers
      AP  -  300 words
    • 265 4 Bloomberg Business News WASHINGTON The world's nations arc less suspicious than they used to be of direct investment in their industries by foreigners, and that helps them economically and politically, said Sir Leon Brittan, European Union Commissioner for External Relations. "The issue
      Bloomberg Business News  -  265 words
    • 143 4 Reuter BRUSSELS The European Union and the Association of South-east Asian Nations yesterday signed a financing deal for the transfer of renewable energy technology from the EU to Asean. The deal covcrs the second phase of the co-gcncration of biomass (COGEN)
      Reuter  -  143 words
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  • FOCUS
    • 886 5  -  South African economic prospects Reports from Neil Behrmann in LONDON SOUTH AFRICAN economic growth is likely to accelerate when the nation's Reconstruction and Development Programme (RDP) begins in earnest this year. The consensus forecast of South African economists is real growth of just above 3 per
      886 words
    • 816 5 ASIAN corporations arc beginning to invest in South Africa for good reason. The postapartheid nation has achieved what was previously thought impossible, notably political stability and racial harmony. Despite differences between President Nelson Mandela and the former president, FW De Klerk, the
      816 words
  • Page 5 Advertisements
    • 285 5 WINGTAI WING TAI HOLDINGS LIMITED 5562,000,000 Floating Rate Notes Due 1999 In accordance with the provisions of the Notes, notice is hereby given that the Floating Rate of Interest fpr the period from 2 February 1995 to 2 May ***** is 4.125% per annum with a Coupon Amount of 551,005.82
      285 words
    • 333 5 BUSINESS TIMES NOTICES TOLL-PREE TEL. No. rssro -1883 FAX:74I-1296 Kalfarm Finance Limited US$lOO,OOO,OOO Floating Rate Notes due July 1999 Unconditionally and irrevocably guaranted by PT Kalbe Farma In accordance with the terms and conditions of the Notes, the rate of interest applicable for the interest period January 30. 95 to
      333 words
    • 370 5 NOTICE NOTICE IS HEREBY GIVEN that, I WOO WAI KHUM PATRICIA of 53 Cairnhill Road #20-03 Cairnhill Plaza Singapore 0922, have applied for a Public House First Class (Extended) Licence in respect of premises at M/s The Royal Peacock Pte Ltd at 47-65 Keng Siak Road, Singapore 0208, and that
      370 words
    • 371 5 NOTICE NOTICE IS HEREBY GIVEN that, I EU YEE MING, RICHARD of 245 Orchard Boulevard, Orchard Belair Singapore 1024, have applied for WHOLESALE AND RETAIL LIQUOR SHOP Licence in respect of premises at M/s Eu Yan Sang (S) Pte Ltd at 269 South Bridge Rd Singapore 0105, and that this
      371 words

  • COMPANIES & MARKETS
    • 390 6  -  Associate to lease equipment in return for a cut of turnover From Al Labita in MANILA MALAYSIA'S Berjaya Group has penetrated the Philippines' multi-billion peso gaming market albeit in a roundabout fashion. Its associate company, Philippines Gaming Management Corp (PGMC), has clinched a lotto equipment
      390 words
    • 361 6  -  By Chew Farn Chyi SINGAPORE Scsdaqlisted Heshe Holdings has entered a joint venture with PT Great River Textiles, a listed company in Indonesia, which will act as agent for Heshe house brands and a number of designer brands. Heshe expects an annual contribution
      361 words
    • 338 6 Reuter NEW YORK International Business Machines Corp will buy back US$2.5 billion (553.6 billion) of its common stock, sending a strong signal to Wall Street that the company is confident in its recent financial turnaround. However, the computer giant on Tuesday
      Reuter  -  338 words
    • 815 6  -  HOCK LOCK SIEW By William Chia SINGAPORE Some investors must be wondering whether Indonesian heavy equipment supplier PI" Hcxindo Adiperkasa is doing the right thing by not postponing its public share offer. The company is going ahead with plans to list on
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    • 489 6  -  From Leslie Lopez in JAKARTA AS KOBE'S residents try to rebuild their lives and the area's economy, the earthquake that devastated the Japanese city appears to hold mixed fortunes for a number of listed companies in far away Indonesia. According to Credit
      489 words
    • COMPANY BRIEFS
      • 69 6 NST KUALA LUMPUR Gadek (M) Bhd is planning to buy Pernas Precision Engineering Construction Sdn Bhd (Perspec). Perspec, a wholly-owned subsidiary of Perbadanan Nasional Bhd, together with three other Japanese companies won the KL International Airport contract to build the terminal, contact pier and baggage
        NST  -  69 words
      • 107 6 Reuter SYDNEY Australian Consolidated Investments Ltd (ACIL), a subsidiary of Brierley Investments Ltd of New Zealand, said it has bought a 4.89 per cent interest in Goodman Fielder Ltd. In a statement to the Australian Stock Exchange. ACIL said on-market purchases totalling A 566.53
        Reuter  -  107 words
      • 94 6 NST KUALA LUMPUR Land General Bhd (L&G), which is proposing a one-for-two bonus issue, has forecast a group pre-tax profit of M 5231.74 million (SSI32 million) for the year ending Dec 31, 1995. This is an increase from the estimated M 5199.5 million in the previous
        NST  -  94 words
      • 67 6 Bloomberg Business News CAMBRIDGE, Massachusetts Polaroid Corp reported a 46 per cent jump in fourth-quarter net income on a 2 per cent increase in revenue. The Cambridge, Massachusetts-based maker ot instant cameras and him and other imaging products said its net income rose to U5557.3
        Bloomberg Business News  -  67 words
      • 40 6 Bloomberg Business News SIOUGHTON. Massachusetts Reebok International Ltd said fourth-quarter earnings rose 4.6 per cent to US$53 million (Ss77 million), or 64 cents a share, from US$5O.7 million, or 59 cents a share. Bloomberg Business News
        Bloomberg Business News  -  40 words
      • 96 6 Reuter LONDON Brokerage house Smith New Court pic said it has expanded its operations in India and Pakistan. The company has taken a 51 per cent stake in a joint venture in India with lIT Investrust Ltd. The company will be a full service stockbroker.
        Reuter  -  96 words
    • COMMODITIES & FUTURES
      • 607 7 Reuter WASHINGTON The Federal Deposit Insurance Corp (FDIC) on Tuesday proposed slashing the premiums banks pay to insure deposits, which could save the industry US$4.6 billion (556.7 billion) a year. Banks could pass on part of those savings to customers through lower borrowing
        Reuter  -  607 words
      • 257 7 MBT KUALA LUMPUR Three key rubber agencies under the Primary Industries Ministry are expected to merge by the middle of this year. These are the Malaysian Rubber Research and Development Board, the Malaysian Rubber Exchange and Licensing Board and the Rubber Research
        MBT  -  257 words
      • 162 7 Bloomberg Business News NEW YORK A small bank serving Chinese Americans here sued Bear Stearns for allegedly coaxing it to buy risky mortgage bonds that plunged about 30 per cent last year, when interest rates went up. The China Trust Bank of New
        Bloomberg Business News  -  162 words
      • 353 7 FT MELBOURNE Axa. one of France's largest insurance companies, is paying ASI.I billion (551.21 billion) for a 51 per cent stake in National Mutual. Australia's second largest life company. Geoff Tomlinson, National Mutual's managing director, said in Melbourne that
        FT  -  353 words
      • 721 7 COMMODITY REPORTS Gold TOKYO: Yen-denominated gold futures were mostly firmer yesterday on the back of yen's drop against the dollar, while silver futures closed weaker, traders said. Yen-denominated gold futures ranged from two yen per gram lower to four higher in quiet trade. Benchmark
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      • 1611 7 SIMEX Feb i DEUTSCHEMARK Open High Low Set! Es» Vol Act/Vol Op/lnt Mar 95 I I I I T Jum 93 Closing range. Mar 95: Jun 95: EMOMUAJt Open High Low Sett Est Vol Act/Vol Op/lnt Mar 95 93.46 93.48 93.44 93.47 64K) 3690 ***** Jun 95 92.85
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    • REGIONAL STOCK MARKETS
      • 1180 8 +2.5 A RALLY in Australian bonds and share futures lifted the bourse to a firmer close yesterday following the release of key economic data, brokers said. The All Ordinaries Index ended at 1.833.1 points, up 2.5 on Tuesday's finish. The All Industrials Index rose 16.1 to 2,715.5 while the
        1,180 words
      • 700 8 +56.77 Share prices surged 2.34 per cent on strong across-the-board buying yesterday despite prevailing uncertainty over a possible increase in US interest rates. The PSE Index rose 56.77 points to close at 2,476.89. Turnover was 3.69 billion shares valued at 2.49 billion pesos as local investors returned after a
        700 words
      • 383 8 17.23 Share prices recouped nearly all of Tuesday's losses by the close yesterday. The NZSE-40 Capital Index continued its roller coaster ride for the week, gaining 17.23 points to 1,957.057 Volume was a paltry NZ525.3 million with investors sidelined ahead of the FOMC decision on whether the Fed
        383 words
      • 121 8 -38.48 Share prices reversed the session's uptrend in the last few minutes of trading on rumours that exchange officials had ordered some brokers with large outstandings to reduce positions, brokers said. The 30-share BSE Index fell 38.48 points to 3,580.06 after falling back from a high of 3,637. The
        121 words
      • 819 8 Taipei Jan 26 1$ TT- Vd~ All Siikw Ind 2 70 uncti 104* Asia Cement 5400 0 .50 2*67 (atha> Const r 4150 undt 2180 Catha> Life Ins 180 00 -100 27)8 lung ll»a Bjnk ***** -f 2-00 3233 Cheng Loong 4120 0 50 7827 ChiaHsin Cement 38 40 t
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    • WORLD STOCK MARKETS
      • 843 8 4-25.7 BLUE chips ended broadly higher, lifting the Footsie and broader market index to close near the top end of the day's range as investors await further news on expected monetary tightening by US and UK authorities. The FTSE-100 Index closed up 25.7 points at 3,017.3 in moderate volume
        843 words
      • 566 8 Vienna hrb I Aich AHA I"0 10 Bank Austria PS J'O unch CA-BV V/ *02 3 EVN I27» 23 Hughafrn 433 »nch Irn/in* 44* f I lokjm 462 unch Maculan Hid V/ "3 2T (IF MI v/ »I2 I V Technologic 1063 14 Vcii*.hcf 25' 3 VertMind UlK A 5*4
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      • 185 8 +23.01 French shares extended their early gains in afternoon trading, buoyed by the gains in the dollar that followed US President Bill Clinton's decision to bypass Congress and offer Mexico a scaled-back aid package. "That removed a big risk from the market, and it's the reason all European markets
        185 words
      • 194 8 -5.21 German share prices drifted slightly ofT the day's highs in moderate volume as DAX futures prices eased. Dealers said the market was waiting to judge global debt market reaction to outcome of the FOMC meeting. The Fed was expected to raise rates by 50 basis points. Unchanged rates
        194 words
      • 184 8 +5.00 Belgian stocks closed higher amid signs of stronger earnings from domestic companies. Bonds were stable before a decision by the Federal Reserve whether to raise interest rates. The Bel-20 Index of leading shares closed up 5.00 points at 1,358.09. Petrofina, Belgium's biggest industrial group, closed up 0.86 per
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      • 305 8 123.4 South African shares posted substantial gains after bullion climbed and key equity markets rallied on a revamped aid package for Mexico. Dealers said shares had been due for the bounce from heavily oversold levels, but further buying interest was needed to maintain upward momentum. The Overall Index ended
        305 words
      • 705 8 +0.67 The Dow Jones Industrial Average, which rebounded 11.78 points on Tuesday, was ahead 0.67 point to 3,844.53 at 1 lam EST. The New York Stock Exchange Composite Index was ahead 0.33 to 256.26, while Standard Poor's 500-stock Index was up 0.60 to 471.02. Advances pounded declines 1,122-638
        705 words
      • 241 8 +2.25 Dutch shares closed higher underpinned by the dollar's firmer tone, but with dealers unwilling to hold positions on fears of an adverse reaction to an expected US rate rise by the Federal Reserve. The AEX finished 2.25 points up at 410.36. A clutch of construction and dredging stocks
        241 words
      • 127 8 16.10 Swedish stocks surged, tracking bonds and led by Astra, after President Bill Clinton cased concern that Mexico's debt crisis will further rattle world markets and drag down the dollar. Shares also rose on the back of strong year-end earnings reports and optimism for further good corporate profits. The
        127 words
      • 246 8 +20.63 Stocks rose in early trade, extending Tuesday's rally on the international aid package for Mexico, with players awaiting news on US interest rates. The TSE-300 Composite Index gained 20.63 points to 4,038.11 on volume of 12.9 million shares valued at C 5198.1 million. Advancing stocks outpaced declines, 152
        246 words
      • 125 8 +o.7pc Italian shares closed higher, shrugging off news US ratings agency Standard Poor's was downgrading its outlook for Italy's long term debt to negative from stable. The Mibtel Index ended 0.7 per cent higher at 10,744. Big institutions were not seen buying, with trade dominated by Italian investors and
        125 words
      • 292 8 +23.4 Swiss shares closed higher in line with other European markets. Sentiment was supported by the firmer dollar and a US plan to aid Mexico. The broad SPI Index closed up 16.75 points to 1,678.04 while the blue-chip SMI Index was 24.3 higher to 2,561.2, just above resistance at
        292 words
    • Article, Illustration
      2536 9 AFP Reuter TOKYO Shares rebounded yesterday, with the leading index closing 0.5 per cent higher, supported by buying of construction and dredging issues. The Nikkei Stock Average of 225 selected issues gained 89.65 points to end at 18,739.47, while the broader Topix Index of all issues in the first
      AFP; Reuter; Source: Bridge Info  -  2,536 words
    • Article, Illustration
      1830 9 AFP BANGKOK The Stock Exchange of Thailand (SET) Index, buoyed by US President Bill Clinton's move to help Mexico, added 20.79 points, or 1.71 per cent, yesterday to close at 1.238.53 points. Trading remained light but still was nearly double that of recent days, with 51 million shares worth
      AFP; Source: Bridge Info  -  1,830 words
    • Article, Illustration
      1168 9 Reuter JAKARTA Share prices ended up slightly ahead of the Federal Reserve meeting today despite talk of another interest rate rise, brokers said. They said provisional figures indicated a slight rise in the index on the back of rises in some big capitalisation stocks. Gainers beat losers by 30
      Reuter; Source: Bridge Info  -  1,168 words
  • Page 6 Advertisements
    • 264 6 ,'fH lit jp rl'iffi 1 f t t IN-DEPTH BUSINESS NEWS FROM SINGAPORE PERSPECTIVE S3r over two decades Singapore Business has covered the local and regional business scenes with more depth J Ur/UrMes/Us _oec U pa W v j and breadth from a perspective which is J company J more
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      223 words

  • Page 9 Advertisements
    • 34 9 The Hongkong and China stock markets were closed yesterday for the Lunar New Year Legal discourses in digestible portions. jh e aw p a g e> Every Thursday. rTI Business Times WE KHOW ASIA
      34 words

  • INNOVATION & TECHNOLOGY
    • 670 10  -  Arti Mulchand meets some NUS dons who have linked their ivory tower with the factory Arti Mulchand SOME say that university research is done by academics for other academics. The founders of local hi-tech company Image Transforms would beg to differ. Engineering professors at
      670 words
    • 297 10 NYT KYOTO, Japan Japanese students of English often have trouble eorreetly hearing, still less pronouncing, the sounds "r" and "I". The problem can be licked by a combination of computer and headset, according to a language research group. A
      NYT  -  297 words
    • IN TAKES
      • 79 10 SINGAPORE The National University of Singapore has signed an agreement with Motorola Electronics to collaborate on research relating to impact resistance of electronic products and components. The project will develop mathematical models that accurately simulate the impact of falls and knocks to consumer products like
        79 words
      • 74 10 DID MUNICH For motorists attempting to switch lanes, the "blind spot" in the wing mirror is a constant worry. Now Siemens AG has come up with a solution: infra-red sensors built into the vehicle's rear lights. These sensors scan the area on either side
        DID  -  74 words
      • 117 10 AP MOUNTAIN VIEW, California Despite years of scepticism, a team of Silicon Valley scientists, backed by some of the Valley's most venerable names, have started another search for signs of extraterrestrial life in space. Backed by US$4 million in donations from some of the founders of
        AP  -  117 words
      • 85 10 AP NEW YORK Scientists have produced strong evidence that tiny particles called neutrinos so slight they were long thought to have no mass at all do indeed have mass, and may be some of the most abundant matter in the universe. The New York Times reported on
        AP  -  85 words
  • THE LAW PAGE

  • SPORTS
    • 428 11 Golf AP PEBBLE BEACH, California Coming into the AT&T National Pro-Am, comedian Bill Murray is playing it coy, while golfs leading pros are simply looking for a place to play. I hey scattered up and down the California coast in search of
      AP  -  428 words
    • 640 11 Superbowl XXIX review AP MIAMI You may not be old enough to remember a sporting custom that used to be observed each autumn. It was a game called baseball and a happening called the World Series. Ask your father about it
      AP; Reuter  -  640 words
    • SCORE CARD
      • Article, Illustration
        84 11 LONDON 1995 World Grand Prix rankings after three events Men: I Herynato Arbi (Indo) 720 pts 2 Hermawan Susanto (Indo) 600 3 Fung Permadi (Tai) 480 4 Lee Kwang-Jin (SKor) 360 5 Joko Supnanto (Indo) 310 6 equal PoulF.nk Hoyer-Larscn (Den) 245 Rashid Sidek (Mai); Allan Budi Kusuma (Indo);
        84 words
      • Article, Illustration
        133 11 VIRGINIA WATER, England PG A Kuropean lour leading money winners after the Johnnie Walker Classic, Jan 26-29, the second tournament of the year (x-denotes non tour member); I x-Frcd Couples (US) USS2BO.OOO 2 x-Nick Price (Zim) 143.845 3 Colin Montgomeric (Scot) 108.800 4 Michael Campbell (NZ) 77.936 5 x-Greg
        133 words
      • Article, Illustration
        30 11 NEW YORK NHL luesday: Florida I NY Islanders 5; New Jersey 2 BulTalo I; Quebcc 5 Philadelphia 2; Tampa Bay 4 Montreal I; St Louis 7 Anaheim 2.
        30 words
      • Article, Illustration
        92 11 SAN DIKGO, California America's Cup 2nd rd trials Tuesday l.ouis Yuitton Cup, challenger series (each victory worth two points): Australia (John Bertrand) b France 2 (Marc Pajot) by I minute 27 seconds; Team New Zealand (Peter Blake) b Nippon (Makota Namba) by 12 seconds; Sydney 95 (Syd Fischer) b
        92 words
    • 317 11 AP MIAMI Move over Joe Montana. Steve Young is set to break your endorsement records, too. After one of the greatest Super Bowl performances. Young will likely move into the upper echelon of sports pitchmen. One estimate places his earning power
      AP  -  317 words
    • 238 11 AP ORLANDO. Florida The popular item in golf shops this year will continue to be oversized clubs, according to the PGA Merchandise Show in Orlando, Florida, which ended on Monday. "Still making the news is oversized equipment, drivers and irons," said John
      AP  -  238 words
    • 675 11 NYT MIAMI As the only owner of three consecutive Super Bowl rings. Ken Norton Jr was glowing. And after having been on the two-time champion Cowboys, he understood better than anybody why the 49ers now reign and threaten to reign again. "Once I saw the
      NYT  -  675 words
    • SIDE LINES
      • 168 11 AFP WASHINGTON John McEnroe's days of rage on the tennis court may be over, but even after retiring he continues to aim well-directed volleys at players and officialdom. In the February issue ot Tennis magazine, McEnroe criticises the current batch of US players for failing
        AFP  -  168 words
      • 137 11 AP NEW YORK Retail sales of licensed merchandise for the four major professional sports in North America increased more than 400 per cent from 1988 to 1993. according to Financial World magazine. The magazine said sales for US Major League Baseball. National Football League,
        AP  -  137 words
      • 92 11 AFP ATLANTA Atlanta Olympic organisers unveiled revised sketches of the yachting venue for the 1996 Games on Tuesday, promising it would be ready for use by late-July or early August. The venue in Savannah, Georgia's Wassaw Sound, will feature a floating marina where sailors
        AFP  -  92 words
      • 72 11 AP SYDNEY A Supreme Court jury yesterday awarded Australian rugby league international Andrew Ettingshausen U5575,000 (SS 109.000) damages as settlement of a defamation suit. The three-women, one-man jury was told that an earlier hearing found the Australian rugby league player had been defamed when his
        AP  -  72 words
      • 150 11 AFP BUENOS AIRES The Argentina grand prix, opening round of the 1995 Formula One world championship on March 12, has been postponed until April 9, the Buenos Aires race director said here on Tuesday. Rafael Fossaceca announced that the International Autosport Federation and the Formula One
        AFP  -  150 words
    • 484 11 Reuter SAN DIEGO. California Peter Blake and Team New Zealand eked out a narrow win after battling Makota Namba's Nippon all the way round the course on Tuesday in the most intense race at these America's Cup trials to-date. "It
      Reuter  -  484 words

  • Page 12 Advertisements
    • 1104 12 Hn£ BeatsA BucL Hrffi'ifl where t wine dine and entertain OP C? To our valued customers Join us, at PASTA FRESCA to usher in a mm New Year of Happiness and Prosperity, Bukit Amah s Open On mm 31 Jan 1 Feb 1995 in 10a,n 1 30pm ®L LJ" BoatQuajpPdpen
      1,104 words
    • 290 12 Toss To Prosperity Start the Year of the Golden Pig with Pine Court's Prosperity Yu Sheng. Partake in the ceremonial tossing of raw fish salad for a year of abundance, good health and prosperity. HwSawrr For reservations, please call 831 6262/6. rotauayt —f— 333 Orchard Raid, Singapore 0923 Td 737
      290 words

  • LIFESTYLE
    • 589 13  -  Barbara Lewis finds out what Bombay's long-established Prithvi Theatre is offering at its annual festival Barbara Lewis AFP Theatre troupes from the world over performing in English, French, Punjabi, Marathi and Japanese will flock to Bombay from today to steal a little limelight from
      AFP  -  589 words
    • 555 13 CHATTERBOX AP AP AP Reuter LONDON There were raves for the wave on Tuesday. Princess Diana's sleek new hairdo, unveiled on Monday in New York, got a thumbs-up from hairdressers back home. "It is not the Diana we know, but it was time she
      AP; Reuter; AFP  -  555 words
  • Page 13 Advertisements
    • 451 13 WHERE TO WINE, DINE AND ENTERTAIN y I Olde English Eating House I MM 277 Orchard Rd #02-38 Specialists' Centre S (0923) ||J MM When you spend $25/- or more at Fosters for lunch mm Hp or afternoon tea from Mon-Sat, show us your valid Ml daily or monthly CBD
      451 words
  • Page 13 Miscellaneous
    • 1008 13 TV RADIO Channel 12 10 30 N<ws 5 Tonight 4.00 Kyoshi Bin Bin (M). 11.00 Models, Inc Blind By 4.30 Simfoni Kasih. 6.00 PM Sesame Street. Love (Stereo). 5.30 Alfred i Kwak (Cartoon). 7.00 Old Mac Donald's Sing-A- U-S5 MN The Secrets of Lake 6.00 Regional News. Along Farm (Stereo).
      1,008 words

  • 487 14  -  World Economic Forum Reports by Catherine Ong in DAVOS BILLIONAIRE fund manager George Soros is concerned about the outlook for China in the wake of the Mexican currency crisis but does not expect foreign direct investments in South-east Asia to
    487 words
  • 395 14 THE BUILDING of the global information highway should be left to the private sector and government should not stille its development with regulations. business leaders meeting in this ski resort said on Tuesday. Speakers at a panel discussion on the topic. "The coming of
    395 words
  • 706 14 MEDIA baron Rupert Murdoch expects his loss-making Star TV to make money by 1998, but has ruled out any benefit for the regional network from last week's explosion of China-backed broadcasting satellite, Apstar2. Mr Murdoch told BT in an interview that
    AFP  -  706 words
  • 431 14 Reuter DEARBORN. Michigan Ford Motor Co yesterday reported sharply higher earnings for the fourth quarter and all of 1994. easily topping its bigger rival General Motors Corp as the most profitable car company in the world. Ford's 1994 earnings of
    Reuter  -  431 words
  • 284 14  -  From Anthony Rowley in TOKYO JAPAN'S chief cabinet secretary Kozo Igarashi last night denied that the government was considering a rise in the national consumption tax in order to help finance reconstruction after the Kobe earthquake. Analysts said, however, that income
    284 words
  • 883 14  -  The Bottom Line S N VASUKI S N VASUKI The writer is a BT correspondent specialising in regional infrastructure THE devil is in the details: This is a popular comment from senior executives of multinational corporations when asked about the dramatic policy changes
    883 words
  • 344 14 MILAN Silvio Berlusconi, the former Italian prime minister already facing bribery charges, is under a new investigation for alleged false accounting, the Italian newspaper Corriere delta Sera reported yesterday. The case, which is documented in the register of prosecution enquiries in Milan,
    344 words
  • 249 14 Bloomberg Business News Reuter AMSTERDAM Damage caused by flooding of the Maas. Waal. Rhine and IJssel rivers in the Netherlands could easily top 10 billion guilders (558.55 billion). ABN' Amro Bank NV said in a note to investors. None of that damage is insured
    Bloomberg Business News; Reuter  -  249 words
  • Page 14 Advertisements

  • SHIPPING TIMES
    • 318 15  -  By Rahita Elias SINGAPORE Evergreen Marine Corp of Taiwan will resume its Caribbean Sea service after a nine-year gap. The company will launch a container service in April, using two B-type feeder ships the Ever Bridge and the Ever Better. The ships,
      318 words
    • 297 15 NYT TOKYO The government hopes to make cranes and warehouses at ports more earthquake-resistant, especially in the vulnerable Tokyo and Tokai regions, so that they can remain functional even after a big temblor, Transportation Ministry sources said on Monday. The ministry, after examining
      NYT  -  297 words
    • 322 15 AFP TAIPEI Five years ago, the Taiwanese government granted permission for the radio ship Goddess of Democracy to dock here and transmit messages of freedom into China in what was hailed as an heroic act. But the ship has now become a political hot potato
      AFP  -  322 words
    • 602 15 Page Col AbleShpg 7 4/5 Accord Group g 1-3 ACL 9 1/2 •Ahlers Lines 13 5 Ahrcnkiel 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
      602 words
    • 362 15 Reuter AMSTERDAM Virtually all inland river shipping has been banned in the Netherlands as a result of severe flooding, an official of the Dutch ministry of transport and waterways said this week. "No barge traffic is now possible to Germany," Jan
      Reuter  -  362 words
    • 352 15 Bernama KUALA LUMPUR Malaysian Prime Minister Mahathir Mohamad wants international shipping lines to stop discharging wastes which could cause pollution to the Straits of Malacca. He said although the straits were international waters, any pollution to them would burden the
      Bernama  -  352 words
    • 2115 16 ACTIVITY remained subdued for most sizes on the freight market with holidays continuing to overshadow trading, brokers said. However there were signs of a slight increase in new business for Panamax tonnage both in the Atlantic and Pacific areas, brokers said. Cargill opened with a Feb 15-24, 52,000-tonne
      2,115 words
    • 196 16 COURSES Title: International Freight Forwarding 1 (SDF 70%) Duration: Feb 9 Apr 20 Organiser Singapore Freight Forwarders Association lei: For further details contact SFFA Secretariat at 253-7550 or fax: 253-2303. Title: Container Management (SDF 70%) Duration: Feb 15 Mar 2 Organiser Singapore National Shipping Association Tel: For further
      196 words
    • 603 17 Lloyd's List THE potential for port development and maritime infrastructure projects throughout the whole of South-east Asia has been responsible for the significant strengthening of British Maritime Technology's BMT (Asia) operation at its headquarters in Bangkok. "Key opportunities" in port development throughout Thailand and an
      Lloyd's List  -  603 words
    • 10116 24 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. LE6CNO PN: ship
      10,116 words
    • 1110 27 FT FIERCE competition in European bus manufacture is leading to reorganisation and rationalisation. As a result, the past 12 months have seen extensive ac- tivity in this sector. The forecast, 5 back in July, by Helmut Werner, president and chief executive officer of Mercedes-Benz AG
      FT  -  1,110 words
    • 3083 28 A ontainerline NV: Belsin Shpg Agencies Pte Lid (SVMannc Handling Sdn Bhd (PK/PN). Accord Group: Accord Shpg Pte Ltd (SV Accord Contr Line (PK/PN). Adkris Business C orporation Philippine Calsourcc Shpg Frdg Pte Ltd (S) Ahrenkiel Liner Service: Kim Shpg I rdg (S). Albatros Sea-Air Service: Frata Shpg
      3,083 words
    • 311 28 CONFERENCES CONSORTIA Hill Nin til AMfka EhUhml Rat* ApmNnt (Far East/North tawka, ucMm Japan* American President Lines; Sea-Land; Neptune Orient Lines; Maersk Line; Nippon Yusen Kaisha Line; Mitsui OSK Lines; Nippon Liner system; "K" Line; Orient Overseas Container Line, Hapag-Lloyd. Trans* Pacific WMtfeoMd Rata Agreement (Nerth Auric a/Far East): American
      311 words
    • 294 28 Abacus miners Tel: 545-8011. Tax: 545-1898. Air Express I nivd Tel: 533-5771. f ax: 535-6144 Airborne Freight Corporation Tel: 542-8844 Fax: 542-3716. *****80. Airswift Worldwide Courier Tel: 278-0188. Fax: 273-8283. AJS Supplies Td: 748-6322 (2 lines*. 747-7421. Fax: 742-8975. Citx-I.ink International Tel: 344-3377. Fax: 345-6450 Cluster (.ink Supplies
      294 words
    • 1532 28 \bex F.xpress Freight Tel: 542-7171. Fax: *****84 Aclinic Forwarder Tel: 225-1833. Fax: *****42. Activair Singapore lei: 542-7822. Fax: *****20. Aerolink Freight International Tel: 545-8033. Fax: *****05. Aerospeed Tel: 542-5911. Fax: 545-1018 Air Cargo Novo F.xpress Td: 542-5454. Fax: *****06 Air FApress International Td: 542-7666 Fax: *****74. *****50. Air
      1,532 words
    • 2674 29 ANGOLA Luanda, Lobito, Namibe: All cities quiet, no berthing delays at any port. All crude oil terminals working normally. ARGENTINA Santa Fe: No vessels berthed, no vessels in roads, no vessels due. Diamante: No vessels berthed loading wheat, no vessels in roads, no vessels due. San Lorenzo: Six
      2,674 words
    • 532 29 CRUISE FERRY SCHEDULES CRUISE SHIPS Arr IX-p Name of Vessel ETA K I D Ports of Calls Port Agent Telephone No FEBRUARY 02 02 Renaissance 1 Pcnang Renaissance Cruises 222-3388 02 02 Nautican Jakarta Lines Int l Holdings 276-7175 02 02 Columbus Caravelle Kukup Harpers Shipping 221-1388 02 02 Leisure
      532 words
    • 896 29 FEW high capital units have been reported sold this week in the main stream market even though there is still a high level of enquiry but there has been further activity in the container sector with a couple of interesting sales. One exception to the above is the
      896 words
    • SHIPS IN PORT
      • 375 30 Voy No Berth Arrival Departure Vessel Voy No Berth Arrival Departure Jurong Port Nee Diali 1 039S P04 020.' OMOO 0302 0/00 Aadhika Adtwtsal 04 B IO alongside 0202/1100 Nurul Htsan 0102* P01A 0102 1/00 0102 1800 L»0> 23 H, 5 alongside 0202 0800 Nurul Ihsan 0202
        375 words
      • 1781 30 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Boofcin(/Balance Rslts Slip Voy No Etb/Btr Period From To From At* lade 223B 03/1100 IB 01 1500 01 1659 01 1900 2B 01/1700 02 0659 02 0900 4 02/1200 02,1459 02/1700
        1,781 words
      • 857 30 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
        857 words
      • 580 30 Carbon Carbon Jan Z7 Density Mater Residue Ash Nurnun Sedment Density Mater Residue Ash AUiwwn SeftnaM '.MM W Exion Exj#n KGM*3 V/V ".MM '.MM PPM method KG M*3 V/V MM 1 MM PPM metlw) Eastern USA 180 Ave 986 03 13.1 008 12 0?2 ISO C*nac
        580 words
    • AIR AND LAND TRANSPORT NEWS
      • 533 32 Bloomberg Business News DETROIT General Motors Corp's fourth-quarter earnings surged 34 per cent from a year ago, as strong vehicle sales pushed the company's North American operations to its first annual profit in five years. While the report marked great
        Bloomberg Business News  -  533 words
      • 206 32 Bloomberg Business News SAN FRANCISCO Eosat, a joint venture of Hughes Aircraft Co and Martin Marietta Corp, said it has signed a US$l billion agreement to market data from eight Indian satellites. The Lanham, Marylandbased company, which already collects and markets data from two
        Bloomberg Business News  -  206 words
      • 461 32 Bloomberg Business News BETHLEHEM, Pennsylvania Union Pacific Corp terminated its hostile US$3.6 billion (555.2 billion) tender offer for Santa Fe Pacific Corp, ending a see-saw struggle to create the nation's dominant railroad. The railroad, fearing rejection by federal regulators, decided a
        Bloomberg Business News  -  461 words
      • 269 32 Bernama-Kyodo TOKYO Japan's auto exports dropped in 1994 for the ninth straight year, sliding 11.1 per cent to 4.460.292 vehicles, the Japan Automobile Manufacturers Association said on Monday. In terms of value, however, the exports grew 2.2 per cent to USSB4.I
        Bernama-Kyodo  -  269 words
      • 104 32 EVERETT, Washington The Boeing 111 exceeding its designers' expectations during a static test when the airplane's wings were pulled about 24 feet (7.3 metres) above their normal position during a fullscall destruct test last month at Boeing Commercial Airplane Group's plant here. Computer-controlled hydraulic actuators
        104 words
      • LOG BOOK
        • 102 32 Bloomberg Business News WASHINGTON McDonnell Douglas Corp is getting a US$239 million (***** million) increase to an existing Air Force contract involving 72 F-15 fighter jets ordered by Saudi Arabia. The money will allow the company to continue buying initial materials needed to assemble some of
          Bloomberg Business News  -  102 words
        • 38 32 Reuter WASHINGTON Chrysler Technologies Airborne Systems lnc, a division of Chrysler Corp. has received a U5595.5 million (SSI3B million) US defence contract to modify six EA-6 Tacamo aircraft to the EA-6B configuration. Reuter
          Reuter  -  38 words
        • 107 32 Reuter MEXICO CITY Aerovias de Mexico. Mexico's largest airling, on Tuesday said it suffered foreign exchange losses of 709.98 million new pesos in December because of the devaluation of the Mexican new peso. Aeromexico said it will try to soften the negative impact of
          Reuter  -  107 words
        • 101 32 Bloomberg Business News SHANGHAI German automaker Volkswagen AG plans to step up production of its Audi sedan cars, the official GuangdongHongkong Information Daily reported on Monday. Volkswagen and China First Automobile Factory have been producing Audis since 1988. The companies expect to increase
          Bloomberg Business News  -  101 words
      • 269 32 AP DENVER Mayor Wellington Webb says Denver's prob-lem-plagued new airport will open by the end of the month and this time, he means it. The US$4.2 billion (SS6.I billion) Denver International Airport, with its circus bigtop terminal roof, was originallyscheduled to
        AP  -  269 words
      • 1762 32 ag nw eta fw no_ ag n» era n®_ Aba DfcaM GA985 1105 GF147 1850 H« CM Mm* City VN741 1310 SQ172 1000 GF146 1110 SQ171 1450 VN740 1410 SQ441 1510 UA1 0050 UA2 1215 GA883 1520 SQ1 1135 CX710 0840 GA975 1535 CX717 1235 SQ860
        1,762 words
  • Page 15 Advertisements
    • 47 15 2 New Services to Far East OTA Arriving Wed to Pusan Incheon lAX Arriving Fri to Tokyo, Osaka Yokohama HotHiie *****30 BMT seizes opportunities in Thailand, Pg 3 European bus market faces realignment, Pg 13 GM's 4th qtr profit soars 34% on strong vehicle sales, Pg 18
      47 words
    • 26 15 Lines and service* represented by /#jj! Members of the Registry of Accredited Shipping Agents, Singapore National Shipping Association. For advertising enquiries, contact Shipping Times. Tel 740-2089/740-2090
      26 words
    • 24 15 BusinesslT Every Monday in Business Times EYE ON THE TIGERS Nobody covers East Asia like we do. The Region. Everyday. rn Business Times WEKNOWASM
      24 words

  • Page 16 Advertisements
    • 429 16 Wishing All Our Valued Customers And Friends A Happy And Prosperous ilk Chinese New Year, From The Management Staff Of NYK Line EXPORTS TO HONGKONG, MANILA, TAIWAN t JAPAN "TWICE WEEKLY" IMPORTS FROM JAPAN, TAIWAN. HONG KONG t MANILA "TWICE WEEKLY" MALACCA STRAITS SERVICE vessel vo? wr* jkt i km
      429 words
    • 31 16 o °o O LEAD BY EXAMPLE .1 I -41 Ml -m •a For some of the best examples of good management. Enterprise Management. Every Monday. %HNOAW*E« f 1 Business Times WtDtOWAMI
      31 words

  • Page 17 Advertisements
    • 881 17 IBL/WT -SIL. HP 1 DUB I SHJ I Kill IMHI DM I BAH |MH \tSL/wi |«I w am I vsl/voy <sm cm I ml ft MM CIOIW 31/1 13H 11/2 13/2 15/2 l«/ 2 14/2 15/2 17/2 ft MM ClOlf 31/1 14/2 11/2 ft RAM CIOIW 30/1 4/2 11/2 mmm
      881 words
    • 121 17 Accepting LCI. and contatoariaad cargo** Diract to South Africa Spora Durban P Ela down FuN Contatoif itnfict OSAKA MARU 0380F 10/02 22/02 24/02 25/02 NEW OASIS 0401F 19/02 03/03 05/03 07/03 ORANJE 0520F 03/03 15/03 17/03 18/03 A VSL 06XXF 11/03 24/03 26/03 27/03 VAAL 0777F 21/03 03/04 05/04 07/04
      121 words
    • 353 17 ANL. IT'S AUSTRALIAN FOR SHIPPING TO AUSTRALIA (BAST COAST! I FROM AUSTRALIA (BAST COAST)" VCSXI VOT Ml K( SGP M STB MR BUB MOB VCSKI/VOV HC ITO MCB Mi HOB JKT ""SSTTfJIs" ft- TDftftXK 70S 20/01 30/01 Bin IS/02 11/02 21/02 24/02 DOCOVUY B 4524 OS/021ft. AUSTftftUA W 04/02 00/02
      353 words

  • Page 18 Advertisements
    • 1296 18 ROAM [i SOUTH- PORT V~ ~I VOY NO HAMBURG ANTWERP HAVRE AMPTON KELANG SPORE HKG KAO TVO SHI KOB NAG *AI 11/202 >0/1 12/1 14/1 2/2 3/2 7/2 9/2 16/2 14/2 HANNOVER EXPRESS 24/402 14/1 16/J 18/1 n/1 5/2 9/2 13/2 U/2 1 NYK ALTAIR 01/203 17/1 19/1 21/1 10/2
      1,296 words
    • 349 18 M IS'pore P.Kelang Loading for VLAHERNA 10/2 14/2 Rdm/Atw/UK/Nantes U •Loads E./W. Malaysia. Indonesia I I Loading for V ENERGETIC Oubal/Bahrain/Damman/Kuwait I SEA VENUS Hodeidah/Jeddah/Aqaba I 'Loads Singapore. E./W. Malaysia, Indonesia I I Loading for V DONA V Los Angeles/New Orleans/ I Charleston/Norfolk/Camden I OCEAN EVER Los Angeles/New Orleans/ I
      349 words
    • 1404 18 I norasTzv I tfA fM*AVtt* cacuu "'J* 24/02 25/02 25/02 26/02 20/02 27/02 27/02 20*2 I I 3 «/2» /03 04/03 04/03 05/03 05/03 00/03 00/03 07/03 I I WWASW MDNBIOMMM7 3 22/02 0/03 11/03 n /03 12/03 12/03 13/03 13/03 14#3 I I NORASU n?/2i l!/« u/03 »«/03 10/03
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  • Page 19 Advertisements
    • 1395 19 ff? S STRAITS SHIPPING PTE LTD AM *0 Hoe Chiang Road #11-01 Keppel Towers 0208 Tel: *****88 Fax: *****17 NEW GUINEA PACIFIC LINE c+cgsb' <a service of china navigation co> CARGO DU SAHS IwTT C I MAG* W-30 Wso3£ Mini, Lib. KK to foil 02 Feb FCL, LCL CONTAINER ANO
      1,395 words
    • 3186 19 w TfcO 0 Singapore Agent: I All QIH P&O Containers (Singapore Agencies) Pte Ltd O 10 Hoe C hiang Koad. *07-01 Rep pel l owers. Singapore 0208 JP&BIK First Class Connections WORLDWIDE psoas*. f«= 2:5 53:7,222 75.7 EXPORT IMPORT I VESSCL VOV -WK! 'PUG SIN SOU ANT ROT HAM OOT
      3,186 words

  • Page 20 Advertisements
    • 479 20 wA- JOINT VENTURE Vjly SAMUDERA INDONESIA SIR RICKMERS wm SINGAPORE CHINA G*KN ERA VOY 3MB 12 JAN QtNGOAO OASA SfPUUH VOY 3MB 08 FEB XINGANG SHANGHAI INDUCEMENT CALL P KELANG INDUCEMENT CALL HK. P GUOANG. BELAWAN. TG MAN XIAMEN. ZHANGJIGANG UTAMA HARTA I WEEKLY FULL CONTAINERSHIP FEEDER VESSEL NAME VOY
      479 words
    • 1184 20 I HANJIN SHIPPING BOOKING TEL:- *****35-237 OPERATION TEL: *****41-253 SALES TEL> *****30-233 DOCUMENT TEL: *****71-275 HMVSL 5 UK HAUL SEA TV* P0» MW. SM IN MAUI SAW HM NYC HANJM ROIUROAM 029 C 10/2 DMECT 2/3 J/3 4/3 NMM POHANG IM£ 4/2 M ASiA 0201 »/l 10/3 12/3 HAH IN
      1,184 words
    • 1221 20 -J-TcT^TTTn^ 11 rjHK If au T, s f, Iff, n®, 5?, JfJ, 5", *"°UIOB irrc im mm km nr nc ncaw MP M 11 S7!f. iJ >i? J i ?J,\ ii'l 2 y\ 'V, *V 2 1/3 n/1 »/J </« 5/4 4/4 11/« ?7/4 l/s vs I f M/j >
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  • Page 21 Advertisements
    • 3275 21 NOW VARNA (BULGARIA) COttSTAMTZA (ROMANIA) 3 P» MONTH Erlwri P' CM fP P f Wr"pTr I Til JiwhSESfe 2 *****5S C£H!%£"*****41/944 cZZiZmfr's'rc —*1 *****02 »W*W C—UNy. *****1% CUSTAR SHIPPING PTE LTD TaUx ***** COSNIP CfrMttouf: 4205*50 DO: 4j***** C—namtkntat *****46 6 S*MIM Nr<jr »17 0* CR No: **********0 M Fax;
      3,275 words
    • 298 21 (ft FAMOUS CONTAINER LINES silt"* 80 ROBINSON ROAD. #22-02 SINGAPORE 0106 HOT LINE: *****33 (30 LINES) GOTHENBURG/SCAN 06/02 ROTTERDAM 06/02 AARHUS/COPENHAGEN 06/02 I HAMBURG/BREMEN 07/02 MARSEILLE/FRANCE 07/02 FELIXSTOWE/UK 06/02 BARCELONA/SPAIN 03/02 LEHAVRE/FRANCE 07/02 GENOA/ITALY 05/02 ANTWERP/BELGIUM 07/02 LOS ANGELES/WC/IPI 03/02 SYDNEY/MELBOURNE 05/02 NEW YORK/EC 03/02 FREMANTLE/ADELAIDE 06/02 VANCOUVER 08/02 BRISBANE
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  • Page 22 Advertisements
    • 1246 22 I <v If I„----. 1? r 1 H VEBBEL J T VESSEL VOY SIN PEN ■<j 1 IBRA BHUM 968 Fri 3/2 Wad 9/2 S IWTRA BHUM 5019 ~~Fri I 3/2 SO 4/2 ■9 VESSEL VOY SIN BKK BHATRA BHUM «78 S«t 4/2 Tua 7/2 NT RA BHUM 5021 Mon
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    • 641 22 79 ANSON ROAD, #21-01, SINGAPORE 0207 TELE: *****92 FAX: *****57 CR **********0N STRAUS SHUTTLE I PORT KLANG PENANG VtSStL VOY SIN PKL VESSEL VOY SW PCH St* L*UKL 359N Oi7 (S<JW) 06 7 (MOW) MCC CONVEYOR SOOB 03,2 (FR!> OS/2 (SUN) >OUH SPOtt ***** 06/2 (MOW) 08 2 (WtO) HOUR
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    • 264 22 GOLDEN LINE IftJV guan guan shipping u2SJ<\ (PTE) LTD 1 23. W Street SMeAKKf 0104 TEL: *****41 (10 UK) F>i *****04 (C« N*. **********0*) 6TRAIT6/PER6IAM GULF SCR TICK S pore P. Mang Penang GOIOCN SIM Karachi/Dubai/Kuwait 1/9 Feb 95 GOIDEN GRACE Karachi Dubai, Kuwa.t 27/21 Feb 95 CHIHA 6ERVICK GOIOCN
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  • Page 23 Advertisements
    • 1105 23 ADVANCE CONTAINER LINES (PTE) LTD A I 140 Ceci< Street, #12-00, PIL Building. Singapore 0100 LbZ TEL; *****31. FAX *****1*. TELEX RS ***** ACLPL ■AMP** MOA HHM "1 JAKABTA Wm* to PAT. 2 Mfcp to MIT, 1 SaHng to LCN) (1 t) JII »»m VOY MN KK OIN Vllitl VOY
      1,105 words
    • 889 23 watts vor sm u mm wmwuk: imws »oti«oam wrwor WLLt Dt CMdHO CO7W 02/0? 21/02 2J/02 25/02 26/02 27/12 win oc mom iom 00/02 01/03 03/03 05/03 20/03 07/oi Wilt D*q«.« Mm 16/02 01/03 10/03 12/03 13/03 14/03 wnt p-HTOM norm is/03 17/03 n/03 20/02 21/03 •Also ACCCFIMG CAKGO TO
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    • 575 23 I BSA^ Ml MYANMA FIVE STAR LINE W (Myanmar National Line) Loading for Yangon (Rangoon) Spore P.Kit Pen PGd| TANAH AM V2W SAILED HP* AN ¥207W M/ 10 Feb UUtttlA AGENTS BOUSTEAD SHTTfIG *GENCES Ml TEL 02 03 -*****00 ML: TEL 02-03 PEN TEL 02-04-*****2 PSD TEL **********1 '4 NIGERIAN
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  • Page 26 Advertisements
    • 1774 26 TO EUROPE feeder I pkl 1 pen I moticr «l stow I hh I iw I him Iw I ht ysi mi. stow «6 fiban robe shmkul ngo row BSt/ITB MU/Mll 2101 2191 ASIA »|4 01.02 11.82 1103 2012 22.0? 23.02 NORMA** 1035 0802~ 0102 |To 2 IM2~ 19.02 20
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    • 489 26 IfcAflMN cdwAINGh LINES, INC |;r\=/\"|A fl enU: MAC-NELB SPORE: *****23 (24 LINES) N« trnmmtm SIBU (064) *****9 KUCHINO (062) *****3 PEMANG: (04) *****6 BANGKOK (662) *****67 MANILA (632) *****61 P.KELANQ: (08) *****77 JAKARTA: (21) *****07 SURABAYA: (31) ******r I ASIA HKG/TWN/BKKI GENOA/EUROPE PEN PKL SIN 5 SAILINGS/WEEK PEN PK SIN
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  • Page 27 Advertisements
    • 55 27 u m 5 to m i i The latest in i sea, air and land transportation L Shipping Times Monday to Friday i *,< SINGAPORE f Business Times 4 WE KNOW ASA m i i S STRAIGHT TALK Vou shouldn't have to read between the lines to get the u
      55 words
    • 225 27 I VESSEL VOY SIN MAA SIN TIGER BRIDGE 315N 0304/02 09 15/02 20-21/02 TIGER BAY 128N 04 05/02 10-17/02 22 23/02 TIGER SPEED 316N 07 06/02 13-19/02 24 25/02 CAPE HERMES 205N 11-12/02 17-23/02 27-28/02 TIGER CAPE 014N 15-16/02 2128/02 04-05/03 TIGER ISLAND 129N 16-17/02 22 28/02 05 06/03 IVMSO.
      225 words
    • 339 27 IVhI dongnama line SSI w m HI PNS MC BSD m*» mm »/»i M/»I n/02 12/K iy«2 nta> > m/n n/tt a/a 23,u ummc rum nta n/« u« i«/i2 it 02 aii 01/03 Ms 11/12 21/12 am 23/12 m/m ROUNO THj ASIA 81RVIC1 Kim on) scr wit ok rat NOUHt
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    • 346 27 IV TEL: *****33 (12 Lines) K FAX: *****15/*****03 BP TELEX: RS ***** RISHIP (3 Lines) l=J CR NO.: **********0E ACCEPTING FCL AND CONVENTIONAL "vwwi Voy ETA Loading For Sport Andlnat 34W8 03/04 Mombasa. Djibouti Aaaab, Massawa Abtoay Woru 43W8 06/05 Mombasa. Djibouti Aaaab, Massawa Fl LLV CONTAINERISED REGLLAR LINER SERVICE
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  • Page 31 Advertisements
    • 487 31 I HYUNDAI I MEBCHANT MABINE CO. LTD. WESTBOUND TO EUROPE BKG: *****61 r PHA [~PKi PGD Vfssas VOY SM RTM ANT LEH HAM BRE| FEL 01/02 03/02 04/02 H EXPLORER 315W 06/02 24/02 26/02 25/02 26/02 26/02 28/02 08/02 10/02 11/02 SEA PROGRESS 315N 13/02 03/03 05/03 04/03 05/03 05/03
      487 words
    • 350 31 STRAITS/ JAPAN/ STRAITS SERVICE MULTI-PURPOSE RORO CARRtR SPECIALIZE M HEAVY UFT CARGO UPTO 120 TONS RAMP CAPACITY UPTO 50 TOWS VESSEL 101 SM FK LOMMGFOR SONBAI J1 Hft OANTEN 4/2 lAXARTA 5/2 COOK LEADER 49 1/2 3/2 COSMK CHALLENGE* I 7 3/2 5/2 ORANGE MOON tO 11/2 BANGKOK 14/2 KU2MA
      350 words
    • 680 31 ffSStl WY SW ETA/P LAX OAK CH I DM. MEM/COL IHOU I NYC I NOR ALLIGATOR PRPE 57A 02/02 /03/02 H/02 21/02 22/02 23/02 23/02 24/02 24/02 25/02 IPWY UPSON BRPCE 81A W/02/10/02 26/02 21/02 01/03 02/03 02/03 03/03 03/03 04/03 ALLIGATOR VICTORY 59A 16/02/17/02 05.03 07/03 01/03 09/03 09/03
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  • Page 31 Miscellaneous
    • 303 31 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 2.5 2.6 2.6 2.3 1.7 12 0.9 0.8 0.8 1.1 1.7 2.6 3.1 3.2 3.0 2.6 1.9 1.2 0.7 0.4
      303 words