The Business Times, 2 March 1995

Microfilm: NL19814
Total Pages: 44
1 44 The Business Times
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  • Title Section
    Masthead
    13 1 Business Times RECEIVED OW ASIA MITA(P) 194/12/94 Thursday March 2 1995 85 c
    13 words
  • Article
    An unspectacular but far-sighted budget
    872 1  -  By Chuang Peck Ming, Patrick Daniel SINGAPORE Finance Minister Richard Hu yesterday unveiled a budget that offered little to the average businessman he withheld cutting the corporate tax rate but returned to Singaporeans more than $1 billion from the government's $7 billion budget surplus last
    872 words
  • Article
    Govt tightens up on futures; Simex not at risk: Dr Hu
    620 1  -  By Quak Hiang Whai SINGAPORE The government yesterday introduced new measures to tighten the supervision of futures trading and at the same time reassured Parliament that the fallout from the Barings fiasco would not affect other Simex members. Responding
    620 words
  • Article
    MARKET SUMMARY
    166 1 Stock martiet Indices Wednesday Change STII 2,128.42 +1.73 KLSE Comp dosed Nikkei 16,618.71 -434.72 Hang Seng 8,296.96 -30.56 SET Index 1,287.70 -0.77 Jakarta Comp ..........452.88 -0.70 Manila Comp 2,478.23 -31.76 Taipei WPI 6,337.83 -171.5 Seoul Comp dosed Bombay BSE30 ....3,459.81 +38.34 CLSA China B 816.47 +1.20 Aust All
    166 words
  • 2am LATEST
    • Article
      Lock icon Dow Jones down 4.1 points
      126 1 Reuter NEW YORK Wall Street stocks were mixed yesterday as the latest batch of economic data generated uncertainty. The Dow Jones Industrial Average was down 4.15 points to 4,006.90 at Ipm EST. In the broader market, declining issues led advances by a small margin on
      Reuter  -  126 words
    • Article
      Lock icon No single EU currency before 2000: Major
      63 1 AFP LONDON British Prime Minister John Major yesterday ruled out any chance of a single European currency before the turn of the century but said a "small core group" of member nations with similar economies might be ready by 2000. "There is no
      AFP  -  63 words
  • Article
    Lock icon Japan banks lent 60b yen to Barings unit: official
    205 1 Reuter TOKYO More than 20 Japanese commercial banks lent about 60 billion yen (SS9OO million) to Baring Securities (Japan) Ltd, which the failed brokerage used to cover margin requirements for its derivatives trading, a Bank of Japan (BOJ) official said yesterday.
    Reuter  -  205 words
  • Article
    Tokyo shares dive as half of Osaka contracts are liquidated
    393 1  -  Anthony Rowley in TOKYO TOKYO stock prices plunged again yesterday in response to the Barings collapse and as an estimated 7,900 or roughly half of the Nikkei 225 index futures contracts which the London firm held on the Osaka Futures
    393 words
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      145 1 Burberrys i x YA V/ x j &#K I Reigns when it pours MORE REPORTS, Pg 4 Global banks rein in derivatives trading USs3oom show of confidence in Simex Republic Plaza loses Barings as tenant Quality that lasts CARANJACHE s Since 1924, Caran d'Ache has been creating luxury writing instruments
      145 words
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      Page 1 Advertisements Column 2
      58 1 Law: p g to Litigation by and for lawyers EDITORIAL: Prudent, yet generous, Pg 14 COMMENTARY: Giveaways, stretched targets and a sobering thought, Pg 2 Property developers caught off guard, Pg 2 Tax breaks for fund managers, Pg 2 Views from a cross section of the economy, Pg 3 US
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      116 1 Hock Lock Siew: p g 17 Telekom set to dominate industry UIC drops a $75m tax bombshell Listed UIC is to pay tax of $75 million for profits made from the sale of the Paragon complex six years ago. The sum would be deducted from its 1994 profit and loss
      116 words
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      Page 1 Advertisements Column 4
      69 1 > ICRRRirnmgi LUNETTES 188 Bottom Line: Pk 16 The lesson from Barings Clob Int'l stocks drift lower, Pg 17 Regional markets, Pgs 22-26 -fai >^S^| /iM t 'Jl A jjg| H 'J| •outiquos: Cantrapoint #01-30 T01:737 4509 Paragon By Sogo #01-19 Tel. 734 99JS Corner*: M«tro Paragon Matro Marina •Takathimaya
      69 words
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  • BUDGET '95
    • Article, Illustration
      Giveaways, stretched targets and a sobering thought
      788 2  -  Guest commentary by TOH THIAN SER The writer is Vice-Dean (Business) at the School oj Accountancy and Business, Nanyang Technological University WHAT docs a farmer do when he gets a bountiful harvest? Eat well, save some grain and hope for better harvests ahead?
      788 words
    • Article
      Property tax proposals catch developers and analysts by surprise
      624 2  -  By Lilian Ang PROPERTY developers and analysts yesterday described Finance Minister Richard Hu's property tax proposals as a bitter-sweet package that took them by surprise. Dr Hu announced two changes in parliament: a 2 percentage point reduction in property tax from
      624 words
    • Article
      Further tax incentives to attract big-time global fund managers
      447 2  -  By Shiv Taneja FINANCE Minister Richard Hu yesterday sent out a strong signal to fund managers to boost their activities here and to encourage new fund managers to come in. "To further boost fund management, risk management, and capital market activities
      447 words
    • Article, Illustration
      Fine-tuning of regionalisation incentives well received
      383 2  -  By Ven Sreenivasan BUSINESSMEN and tax specialists were generally pleased to see several constraints removed from existing incentives to promote regionalisation. Previously, tax-exempt dividends were limited to two tiers of shareholdings. Also, the recipient in Singapore had to have at least a 50 per
      383 words
    • BUDGET BITES
      • Article
        MAS advisory on bank interest
        122 2 THE Monetary Authority of Singapore (MAS) will ask the Association of Banks in Singapore and the Finance Houses Association of Singapore to remind their members to disclose the effective, instead of the nominal, rate of interest which customers have to pay. Replying to a question
        122 words
      • Article
        Rates dictated by market forces
        74 2 THE MAS does not regulate interest rates charged by financial institutions as Singapore is a free market economy, said Dr Richard Hu. He was replying to NMP Dr Kanwaljit Soin who asked why the MAS allowed credit-card companies to charge an interest of 24 per
        74 words
      • Article
        Six new Bills presented
        40 2 SIX Bills were introduced in Parliament yesterday: Pensions (Amendment) Bill, Parliamentary Pensions (Amendment) Bill, Sales of Goods (United Nations Convention) Bill, Small Claims Tribunals (Amendment) Bill, Building Control (Amendment) Bill and Housing and Development (Amendment) Bill.
        40 words
      • Article
        Bill setting up pension fund passed
        90 2 PARLIAMENT yesterday passed the Pension Fund Bill and the Constitution of the Republic of Singapore (Amendment) Bill to establish a pension fund on April 1 for all future pension obligations. A sum of $9.6 billion will be transferred from consolidated fund to create the
        90 words
      • Article
        Employment Act under review
        60 2 LABOUR Minister Lee Boon Yang said his ministry was reviewing the Employment Act, including raising the salary ceiling for coverage under the Act to $1,600 per month a suggestion by Nominated MP John De Payva. Dr Lee also assured Mrs Yu-Foo Yee Shoon (Yuhua) that the
        60 words
    • Article, Illustration
      A Budget that could have been better for business
      1038 3 A sample of what people in business have to say about this year's package Overall The budget is all about sending messages. This one didn't convey the right message to either the domestic local or international community. Alan Ross, tax specialist
      1,038 words
    • Article, Illustration
      Infrastructure boost as development spending to soar 46%
      1175 3  -  By Vikram Khanna MEGABUCKS for public housing, R&D, health, the environment and a host of infrastructural projects were among the highlights of the Budget presented by Finance Minister Richard Hu in Parliament yesterday. After rising by about 17 per cent in the
      1,175 words
    • Article
      The FY95 budget at a glance
      94 3 a 0 |ai4[iu|*a|a»| i*|less: Operating expenditure 10.72 10.4 11.83 10.4 1.11 10.4 Development expenditure 4.56 4.4 6.67 5.9 less contributions to: Edusave Endowment Fund 1.00 1.0 0.50 0.4 -0.50 -50.0 Medical Endowment Fund 0.10 0.1 0.10 0.1 0.0 CPF share ownership top-up scheme 0.00
      94 words
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      Page 2 Advertisements Column 1
      76 2 PRESE N T S YAP I 1 APRIL 1995 SINGAPORE INDOOR STADIUM 8:00 PM Tickets at $75. $55. $40 and $25. Special Family Package: Minimum purchase of 4 concert tickets at S3O each (Normal price S4oi. Limited Seals Onl\! Tickets are available now at all SISTIC" outlets. Fax Bookings: 440
      76 words
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  • THE BARINGS DEBACLE
    • Article
      Fiasco fails to put off launch plans for two M'sian futures contracts
      466 4  -  By Amy Balan SINGAPORE Even as Malaysia's authorities take a -Close hard look at derivatives 'in the wake of the Barings the country's two futures exchanges say they still to proceed with their intended launches later this lyear.
      466 words
    • Article
      Lock icon Sultan of Brunei offered to take part in rescue
      391 4 FT LONDON The Sultan of Brunei, the world's richest •plan, came close to acquiring 'Barings' loss-making futures contracts and taking a half .share in a £600 million (S$ 1.4 'billion) plan to recapitalise it, to bankers involved in negotiations. Bankers who
      FT  -  391 words
    • Article
      Banks rein in derivatives trading; Deutsche Bank files US$48m suit
      741 4  -  From Neil Behrmann in LONDON GLOBAL banks are tightening controls on derivatives trading as the Barings debacle continued to unravel with some banks making claims on the failed institution and others fighting off rumours about losses on their own trading
      741 words
    • Article, Illustration
      Lock icon Left high and dry?
      55 4 Reuter SINGAPORE A worker at a Singapore marina walking past the Baring Up, a leisure craft owned by Barings Securities and used by its local employees. It remains to be seen whether the boat's owner will be able to bear up under the strain of billion-dollar
      Reuter  -  55 words
    • Article
      Foreign media descends on S'pore to cover Barings affair
      511 4  -  By Michelle Low SINGAPORE Foreign journalists are flocking to Singapore to get the lowdown on the Barings affair, which has made headlines around the world. The British media in particular is sending droves of reporters. Two regional British Broadcasting Corp television
      511 words
    • Article
      Govt to tighten supervision of futures trading
      371 4  -  Reports by Quak Hiang Whai SINGAPORE The government will tighten the supervision of futures trading and improve the finaneial soundness of Simex in the wake of the Barings eollapse. Finance Minister Richard Hu said yesterday the regulatory framework of Simex had been shown
      371 words
    • Article
      Banks extend US$300m credit line to Simex in show of confidence
      319 4 SINGAPORE Local banks have demonstrated their confidence in Simex by offering an immediate US$3OO million (***** million) revolving credit line to the Singapore futures exchange. DBS Bank, Keppel, OCBC, OUB, Tat Lee and (JOB said yesterday the move was
      319 words
    • Article
      Republic Plaza loses Barings as tenant but CityDev unperturbed
      295 4  -  By Conrad Raj SINGAPORE Barings pic was all set to expand its operations in Singapore until a rogue derivatives trader named Nick Leeson drove the once proud British financial institution on the road to bankruptcy by losing more than Ss2 billion
      295 words
    • Article, Illustration
      Lock icon Hongkong plans stiffer guidelines on derivatives trading
      339 4  -  From Lim Soon Neo in HONGKONG HONGKONG is to draw up tougher guidelines on derivatives trading in the wake of the Barings disaster, Financial Secretary Hamish Macleod said yesterday. Delivering his annual budget speech to the territory's legislature, he said the government will
      AFP  -  339 words
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  • SINGAPORE NEWS
    • Article
      Pidemco making it big in residential property
      412 5  -  $447 m loan raised to partly finance four projects in suburbs By Jenny Law PIDEMCO LAND will make its presence felt even more as a residential property player when it builds condominiums and landed property on four plots of government land. Pidemco Land
      412 words
    • Article
      Walt Disney TV gets nod for self-use satellite facilities
      267 5  -  By Genevieve Cua WALT DISNEY Television (Singapore) has been awarded a licence to operate satellite uplink and downlink facilities here for its own broadcast programmes. The Telecommunication Authority of Singapore yesterday said Disney's licence was the first "self-use" licence, which limits
      267 words
    • Article
      Cyrix starts shipping prototypes of its Pentium-type chip
      347 5  -  By Claire Leow CHIP design company Cyrix Corp has started shipping to customers prototypes of its microprocessor chip for use in desktop computers. Codenamed Ml, the chip mimicks the ability of market leader Intel's Pentium chip. It also claims to have features
      347 words
    • Article
      Young berg hospital suspends most services pending move
      109 5 YOUNGBERG Adventist Hospital has suspended all of its operations except outpatient services pending a move to Toa Payoh. The hospital at Upper Serangoon Road said yesterday that available outpatient services include the pharmacy, the laboratory, radiography and dialysis. Youngberg expects to receive
      109 words
    • Article, Illustration
      Sicom offers discount to jump-start coffee futures contract
      410 5  -  By Paul Leo I HE Singapore Commodity Exchange* (Sicom) has introduced discount incentives to kick-start its robusta coffee contract, which was launched yesterday. Speaking at the launch of Asia's first coffee futures. Singapore Trade Development Board deputy chief executive officer David Chin
      410 words
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      Page 5 Advertisements Column 1
      49 5 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, call Customer Sen/ices Section on 1800-749-2577, and ask for home or office delivery service.
      49 words
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      9 5 t Your personal space to Europe T* v A
      9 words
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  • SOUTH-EAST ASIA
    • Article
      Manila invites bids to convert N-facility to power station
      405 6  -  Reports from S N Vasuki in MANILA THE PHILIPPINES is inviting bids to convert the mothballed Bataan nuclear power facility into a conventional 1200 MW combined cycle power station and the US$l.5 billion (552.17 billion) project had attracted considerable interest from
      405 words
    • Article
      Govt to focus on privatising water supply
      299 6 WITH Manila being hit by a fresh round of water shortages, privatising water supply was the Ramos administration's "next major focus area", a senior official said yesterday. Alan Ortiz, vice-chairman of the Development Bank of the Philippines, said foreign investors had already submitted
      299 words
    • Article, Illustration
      Lock icon Indon govt panel accuses army of human rights abuses, unlawful killings in E Timor
      498 6  -  From Leslie Lopez in JAKARTA INDONESIA'S state-appoint-ed human rights commission delivered a scathing rebuke on the powerful military accusing it of human rights abuses which led to the "unlawful" killings of six East Timorese civilians in
      AFP  -  498 words
    • Article
      Ship classification society DNV sets up Viet office
      196 6  -  By Jenny Lam SINGAPORE Leading ship classification society Det Norkske Veritas (DNV) has opened a representative office in Vung Tau, Vietnam. The office, set up with the help of the Vietnam Register of Shipping, will offer a comprehensive range of services to
      196 words
    • NOTE BOOK
      • Article
        Lock icon Indonesian trade surplus down
        71 6 Reuter JAKARTA Indonesia yesterday announced drops in both its trade surplus and non-oil export growth for 1994 but pledged to simplify export and import procedures to lift its competitiveness. Information Minister Harmoko said the trade surplus for 1994 narrowed to US$B.lB billion (S$ 11.85 billion) from
        Reuter  -  71 words
      • Article
        Lock icon Jakarta denies fixing maids' wages
        68 6 Bernama JAKARTA Indonesia had never proposed fixing a minimum monthly wage of US$4OO (SssBo) for its citizens working as maids overseas, its Manpower Ministry said yesterday. Instead it left it to market forces to determine their wages, a spokesman said. "We do not plan to
        Bernama  -  68 words
      • Article
        Lock icon International village planned in Hanoi
        51 6 Reuter HANOI Vietnam's State Planning Committee is seeking government approval to build a US$lB5 million (Ss26B million) international village in Hanoi, the Vietnam News Agency reported yesterday. Thang Long village is designed to have 20 buildings from six to 28 storeys, and 53 three-storey villas.
        Reuter  -  51 words
  • Page 6 Advertisements
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      961 6 Jurong Shipyard Limited (Incorporated in the Republic of Singapore) ANNOUNCEMENTS The Directors of Jurong Shipyard Limited announce the following unaudited results of the Group and the Company for the year ended 31 December 1994: Company Group 1994 1993 1994 1993 $'000 $'000 Change $'000 $'000 Change Revenue 304,273 315,797 4%
      961 words
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  • CHINA/HONGKONG/TAIWAN
    • Article
      HK$2.6b deficit, tax relief for wage earners in HK budget
      425 7  -  From Lim Soon Neo in HONGKONG THE Financial Secretary, Hamish Macleod, yesterday delivered his swan-song budget with a HKS2.6 billion (SS49O million) deficit with no giveaways for corporations but a bit of relief for salaried workers. Mr Macleod said that
      425 words
    • Article
      Lock icon Taipei lifts more curbs on contacts with Beijing
      123 7 AFP IAIPEI Taiwan announced yesterday it will lift more curbs on contacts with China by permitting Chinese officials to visit the island and foreign vessels to travel directly between the two sides of the Taiwan Strait. It will raise the official profile
      AFP  -  123 words
    • Article
      Lock icon Moody's sounds bullish note on China economy
      364 7 AFP BEIJING Moody's Investors Service reaffirmed yesterday its "A3" rating of China's foreign currency debt, pointing to a moderate reliance on external borrowings, coupled with high savings and investment rates. At the same time, a strong external performance and a political and regulatory
      AFP  -  364 words
    • Article
      Lock icon China faces huge unemployment burden, says official
      315 7 Reuter BEIJING China faces a huge jobless problem, with 150 million people out of its 800 million-strong workforce either out of a job or underemployed, a senior labour official said yesterday. The problem would be exacerbated as traditional employers state-owned industries lose their
      Reuter  -  315 words
    • CHINA WATCH
      • Article
        Lock icon China rules against futures speculation
        86 7 Bloomberg Business News SHANGHAI China's Ministry of Finance yesterday published new rules meant to cool speculation in the nation's futures markets only days after the Shanghai Stock Exchange stopped nearly all futures trading in the city. The new regulations, run in their entirety on page
        Bloomberg Business News  -  86 words
      • Article
        Lock icon US threat on nuclear ties with Beijing
        75 7 AFP WASHINGTON The US threatened on Tuesday to drop civilian nuclear cooperation with China if Beijing continued to supply nuclear technology to Iran. "We will not be able to pursue our own peaceful nuclear cooperation with the Chinese unless the Chinese are willing
        AFP  -  75 words
      • Article, Illustration
        Lock icon Five nabbed over fake Nintendo goods
        64 7 Reuter, Bloomberg Business News TAIPEI Taiwanese police officers with 9,000 finished and semi-finished fake Nintendo products. Five people suspected of breaking Taiwan's intellectual property rights law were arrested and goods worth US$3O million (5543.4 million) were seized. Authorities said the suburban Taipei factory had
        Reuter,; Bloomberg Business News  -  64 words
      • Article
        Lock icon China blasts HK sewage disposal plan
        89 7 AFP HONGKONG China has renewed its attack on Hongkong's controversial sewage disposal scheme, branding it as environmentally unfriendly and "irresponsible, immoral and unscientific", a report said yesterday. The official Xinhua news agency said the British administration in Hongkong went ahead with the HKSI2.I billion
        AFP  -  89 words
      • Article
        Lock icon China won't upset military balance: study
        74 7 AFP WASHINGTON China's growing military capability is not likely to disturb the balance in North-east Asia within the next five to 10 years, providing time for arms control talks before tensions arise, according to a study. "There is time within which to initiate the
        AFP  -  74 words
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  • REST OF ASIA
    • ASIA NOTES
      • Article
        Lock icon Aussie building approvals down 9.7%
        88 8 Bloomberg Business News SYDNEY Australian building approvals in January fell 9.7 per cent from December to a 32-month low, the Bureau of Statistics reported yesterday. "Higher interest rates have been the major factor in the fall," said Ron Silberberg, executive director of the Housing Industry
        Bloomberg Business News  -  88 words
      • Article
        Lock icon Overseas boom for S Korean builders
        82 8 AFP SEOUL South Korean construction companies were enjoying a boom in overseas construction orders this year, booking 22 projects worth US$779 million (551.129 billion) in the first two months to February. The US$779 million was more than double the amount of orders they had
        AFP  -  82 words
      • Article
        Lock icon US unhappy with Japan deregulation
        97 8 AFP HONGKONG The US is "disappointed" with Japan's moves to deregulate its markets, but it accepts that it still has time to act, a senior US trade official said yesterday. "Frankly, what we've seen so far has been disappointing, but we realise that we have
        AFP  -  97 words
      • Article, Illustration
        Lock icon Strong arms of the law
        63 8 AFP MELBOURNE Mark Hargraves of the Royal Hongkong Police taking up the strain against Naokazu Seki, a policeman from Tokyo, in the arm-wrestling competition of the 1995 World Police and Fire Games here yesterday. Arm-wrestling is one of the more unusual events among the more
        AFP  -  63 words
      • Article
        Lock icon Japan cabinet's approval rating falls
        80 8 Bernama TOKYO Prime Minister Tomiichi Murayama's handling of the aftermath of the Jan 17 earthquake trimmed his cabinet's approval rating to 40.6 per cent, according to a national newspaper poll published yesterday. The Yomiuri Shimbun said its survey on Feb 25-26 shows the Murayama cabinet's
        Bernama  -  80 words
      • Article
        Lock icon Kim Young Sam starts Europe visit
        77 8 AFP SEOUL President Kim Young Sam embarks on his first visit to Europe today with goals ranging from enhancing South Korean ties with the European Union to lobbying for the rights to host the 2002 World Cup. The whirlwind two-week swing will take Mr
        AFP  -  77 words
      • Article
        Lock icon NZ primary school teachers on strike
        58 8 AFP WELLINGTON Primary schools throughout New Zealand were closed yesterday as more than 19,000 teachers went on strike over their employment contracts. The strike which followed a similar day-long walkout last year will also keep the schools closed today. The teachers have been seeking
        AFP  -  58 words
    • Article, Illustration
      Lock icon BOJ sees Japan recovery continuing, will maintain loose money policy
      469 8 Reuter TOKYO A central bank survey due out tomorrow is expected to show Japan's economy is continuing to rebound from its worst post-war slump, but that the devastating January earthquake has slowed the recovery. As a result, the Bank of
      Reuter  -  469 words
    • Article
      Lock icon US asks Japan to maintain Apec free trade momentum
      473 8 Reuter, AFP SYDNEY The United States has said that Japan, as 1995 chair of the Asia-Pacific Economic Cooperation (Apec) forum, must maintain the momentum towards free trade in the region. "It has a responsibility to move the process ahead as much
      Reuter,; AFP  -  473 words
    • Article
      Lock icon Australia's current account deficit in January exceeds forecasts
      342 8 Reuter CANBERRA Australia reported yesterday a higher current account deficit than expected in January, and economists said it would push up full-year forecasts and increase pressure to cut the budget deficit. The Australian Bureau of Statistics said Australia's seasonally adjusted current account
      Reuter  -  342 words
    • Article
      Lock icon Murayama defends government's bailout of credit union
      356 8 Bloomberg Business News TOKYO With the government's controversial credit union bail-out plan facing growing criticism from opposition legislators and taxpayers, Prime Minister Tomiichi Murayama reiterated his stance that the rescue is necessary to protect the Japanese economy. Speaking to legislators in the upper
      Bloomberg Business News  -  356 words
    • Article
      Lock icon Cable TV introduces steamy US soap operas and Madonna to S Koreans
      383 8 AP SEOUL It will introduce basketball star Shaquille O'Neal to kids, bring Madonna music videos to rice farmers and keep housewives glued to steamy American soap operas. South Korea's 20 cable TV channels went on the air yesterday,
      AP  -  383 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      205 8 We provide consultancy services on offshore structures, shelf companies and incorporations in ALL jurisdictions, including British Virgin Islands Mauritius Cayman Islands Hong Kong Bahamas Western Samoa Full nominee, management, corporate secretarial and professional administration services are available. We specialise in offshore trusts, offshore banks, and captive insurance companies for qualified
      205 words
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  • THE WORLD
    • Article
      Lock icon Clinton vows to fight to keep US involved in UN peacekeeping
      476 9 Reuter WASHINGTON President Bill Clinton, criticising isolationist calls by some members of Congress, vowed on Tuesday to do "everything I can" to keep the United States active in the United Nations and around the world. Standing beside Dutch Prime
      Reuter  -  476 words
    • Article
      Lock icon Pentagon announces plans to close more bases in US
      278 9 Los Angeles Times, Washington Post WASHINGTON The Pentagon announced plans to close or reorder operations at 146 military bases across the nation on Tuesday. The latest round of proposed base closures, announced by Defence Secretary William J Perry, is meant to
      Los Angeles Times,; Washington Post  -  278 words
    • Article
      S'pore team in US to promote trade and investment
      317 9  -  From Loon Hadar in WASHINGTON A DELEGATION of top Singaporean business executives, visiting several major US cities to encourage investment and trade in Singapore, addressed a group of American businessmen in the port city of Baltimore, near the capital Washington. The
      317 words
    • Article
      Lock icon New steps to help Mexico's ailing banks
      537 9 Reuter MEXICO CITY Mexican authorities announced a series of steps to shore up the stricken banking industry, including a complex inflation-hedging tool that the government hopes will bring down interest rates. Responding to outcries from Mexico's business owners, President Ernesto Zedillo on Tuesday
      Reuter  -  537 words
    • Article, Illustration
      Lock icon US Congress to probe Treasury chief over US$20b Mexican loan
      199 9 UPI WASHINGTON The US Congress will investigate Treasury Secretary Robert Rubin for a possible conflict of interest stemming from his past and possibly continuing financial stake in Mexican investments, and his role in the US$2O billion (Ss29 billion) Mexican loan
      UPI  -  199 words
    • WORLD WATCH
      • Article
        Lock icon German metals workers' strike spreads
        83 9 AP MUNICH Germany's first metals workers' strike since 1984 spread to 11 more Bavarian plants yesterday, part of union leaders' strategy to pressure employers into accepting their wage demands. About 21,000 metals and electricals workers in Bavaria 7.000 more than the day before stayed away
        AP  -  83 words
      • Article
        Lock icon UK business confidence plunges
        84 9 Reuter LONDON UK business confidence slumped in February on fears of rising costs, higher inflation and more interest rate rises, but firms also reported fuller order books, bigger profits and increased investment, an Institute of Directors survey said. The survey, conducted every two months by the
        Reuter  -  84 words
      • Article
        Lock icon Nato official under bribery probe
        109 9 AFP BRUSSELS A corruption scandal in Belgium involving kickbacks and bribes in the purchase of helicopters from an Italian company has led to the investigation of the secretary-general of Nato. Willy Claes. the Nato secretary-general and a leader of the Flemish Socialist Party, was Belgium's
        AFP  -  109 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      485 9 Q Focal Finance Focal Finance Ljmited (Incorporated in Singapore) (A Member of the OCBC Group) ANNOUNCEMENT The Board of Directors is pleased to announce the following audited results of the Company for the year ended 31 December 1994 1994 1993 $■000 <DOO Change PROFIT STATEMENT Gross operating income 64,126 42,105
      485 words
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      Page 9 Advertisements Column 2
      51 9 I wnr 4^4143'i 1 I 11 1 HIM $33 MILLION 'TO MAKE TIME CHEAP. II SU I it s »a"«>. Chan wl2 3 Chea ,af MSw ss (ne u J* a ch brand if DHL. the world 30wn, on«WTh.o Hls ""V Of If ■/m I A* Im -4 Jr H
      51 words
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  • INNOVATION & TECHNOLOGY
    • Article, Illustration
      Paging gets a revolutionary signal
      1015 10  -  A new signalling code, incorporated into new equipment purchased by Singapore Telecom and other regional carriers, dramatically increases a pager's capacity. This will allow significant new growth in the paging industry, says Frank Myers Frank Myers The writer is Motorola s director of marketing. Asia
      1,015 words
    • Article
      Lock icon A computer at the wheel
      365 10  -  Betsy Wade gives a first-person account of a computerised car-guiding system from Avis Betsy Wade NYT IHAVE seen a small part of the future, and it works pretty well: the computerised guidance screen available in some rental cars is a big help in getting around
      NYT  -  365 words
    • IN TAKES
      • Article
        On electro magnetic compatibility
        43 10 SINGAPORE Overcoming the International EMC Maze, a two-day conference and display on electro magnetic compatibility. will open on April 25 at the Omni Marco Polo. Speakers are from authoritative bodies in key markets like the US, Australia and Japan.
        43 words
      • Article
        TB vaccine in the air
        29 10 LOS ANGELES In a milestone step towards developing a tuberculosis vaccine for humans, Los Angeles researchers have successfully inoculated guinea pigs against the disease.
        29 words
      • Article
        Lock icon Processing passports the Fast way
        51 10 Reuter BRUSSELS International travellers may soon be able to speed through borders by plugging a smart card into a computer and verifying their status with a hand print. The World Trav& Tourism Council demonstrated its Fast system Future Automated Screening for Travellers here last week.
        Reuter  -  51 words
  • THE LAW PAGE
    • Article, Illustration
      Lock icon Litigation by and for lawyers
      1143 10  -  That seems to be what class-action lawsuits are in the US. Rick Raber makes out a case Rick Raber Bloomberg Business News BY THE looks of things, Moise Katz is one unhappy shareholder. The retired stockbroker has filed 98 lawsuits in New York and Delaware
      Bloomberg Business News  -  1,143 words
    • Article, Illustration
      K S Rajah leaves Bench, joins Harry Elias & Partners
      415 10  - K S Rajah leaves Bench, joins Harry Elias Partners AT THE-^^ By Ramesh Divyanathan JUDICIAL Commissioner KS Rajah, who turns 6S tomorrow, retires today after a four-year stint on the Bench. But his contact with the courts will continue, this time from the Bar as a consultant to Harry Elias
      415 words
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  • SPORTS
    • Article
      Lock icon Squabbling with rival body mars launch of Asian PGA
      654 11 AFP HONGKONG Asia's new US$5-million (557.2 million) golf tour was launched here on Tuesday with friction remaining over the organisation of major events in the region. The Asian Professional Golfers' Association (APGA) tour will feature 20 events in 13 countries with
      AFP  -  654 words
    • Article, Illustration
      Lock icon Meeting of the tallest at NBA
      71 11 Reuter LAN DOVER, Maryland Philadelphia 76ers' Shawn Bradley coming up over the back of Washington Bullets' Gheorghe Muresan to slap the ball from his hands in the first quart of their match on Tuesday. Bradley was called for a foul on the play. Muresan
      Reuter  -  71 words
    • Article
      Lock icon Cricket's ultimate Caribbean cocktail
      538 11 Reuter BRIDGETOWN. Barbados Take a helping of lethal fast bowling from Ambrose, mix in the wizardry of Warne's legspin and stir the ingredients with Lara's sublime strokeplay for the ultimate Caribbean cricket cocktail. Curtly Ambrose, Shane Warne and Brian Lara are among the outstanding talents offering
      Reuter  -  538 words
    • Article
      Lock icon Three are almost there, fight on for fourth slot
      545 11 America's Cup AFP SAN DIEGO, California The fourth round-robin of the America's Cup trials starts today, and when it ends three of the current seven challenger teams will be on their way home. With Team New Zealand. one Australia and Chris
      AFP  -  545 words
    • Article
      Lock icon More Chinese athletes using drugs
      309 11 AP BEIJING Use of perfor-mance-enhancing drugs is a growing problem among Chinese athletes, a top sports official said yesterday, one day before international investigators arrive to probe into a swimming competition dope scandal. "There are still a small number of athletes who are using stimulants
      AP  -  309 words
    • SPORT SHORTS
      • Article, Illustration
        Basketball
        35 11 NEW \ORk NBA Tuesday: Washington 102 Philadelphia 106; Orlando 118 NY 106; Dallas 102 Houston 101; Milwaukee 85 Miami 95; San Antonio 100 Cleveland 83; Denver 114 Minnesota 101; LA Clippers 110 Phoenix 99.
        35 words
      • Article, Illustration
        Lock icon Boxing
        121 11 Reuter lON DON British World Boxing Council super-middleweight champion Nigel Benn said on Tuesday he would not make a decision about his future in the ring until he knew that fellow boxer Gerald McClellan was on the road to recovery. Benn, leaving Heathrow Airport on a flight to Los
        Reuter  -  121 words
      • Article, Illustration
        Cricket
        115 11 WANGANLI, New Zealand The four-day match between Sri Lanka and the New Zealand Selection ended in a draw yesterday. Scores: New Zealand Selection 327 and 220 for six declared (A Jones 66. J Silva two for 47). Sri Lanka 192 and 155 for five (D Samaraweera 46. A Penn
        115 words
      • Article, Illustration
        Lock icon Rowing
        90 11 AP LONDON Four Americans, a Norwegian and a Canadian were named on Monday to the eightman Oxford crew for the 141 st University Boat Race. Jeremiah McLanahan. from Connecticut, was named president of the Dark Blues and will row in the bow position for the April 1 race down
        AP  -  90 words
      • Article, Illustration
        Soccer
        40 11 PARIS European Cup first leg quarter-finals Tuesday L'EFA Cup: Eintracht Frankfurt (Ger) 1 Juvcntus (Ita) I; Bayer Lcverkuscn (Ger) 5 Nantes (Fra) I; Lazio (Ita) 1 Borussia Dortmund (Ger) 0. Winners' Cup: FC Brugges (Bel) 1 Chelsea (Eng) 0.
        40 words
      • Article, Illustration
        Tennis
        143 11 ROTTERDAM US$6OO,OOO World Indoor tournament Ist rd Tuesday: Andrei Olhovskiy (Rus) b Jeremy Bates (GB) 6-3 6-4; Martin Damni (Cze) b Jakob Hlasek (Swi) 6-2 6-7 (5-7) 7-6 (7-2); Alexander Volkov (Rus) b Karel Novacek (Cze) 6-7 (4-7) 6-4 6-2; 2-Yevgeny Kafelnikov (Neth) b Danny Sapsford (GB) 6-1 7-6
        143 words
      • Article, Illustration
        Lock icon Wrestling
        142 11 Reuter NEW YORK Lawrence Taylor, who terrorised National Football League quarterbacks for more than a decade before his retirement two years ago. will try his hand in a new arena of combat professional wrestling. Taylor, considered by many to be the best defensive player in NFL history, announced his
        Reuter  -  142 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      346 11 INFililine An SPH AudioTex Service IN ENGLISH NUMBER Children's Funland 910 0001 Row, Row, Row Your Boat Usbome Book Line 910 0002 Brave Words Indeed Horse Racing Results 911 0001(*) 4D/Sweep/Toto (Draw No 951) 911 0002(*) Tele-Games 911-0003 Crack The Safe A Mrs Wizartfs Crystal Ball 7 Mensa Line 911
      346 words
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  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      1086 12 Nothing Beats A Bud. H where t w|ne dine and entertain kino or L Homtcookod Pitta m mryday only |B j |1§ 10 Varieties of Pasta I] ||1 20 different sauces And all-time Italian favourites A lj||] -antipasti, pizza and puccia. jIlTt L PASTA FRESCA DA SAIVATOftE PTE LTD mm
      1,086 words
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      Page 12 Advertisements Column 2
      367 12 The Day You Dinf At Triple 3. Be Prepared To Have A Very Light Breakfast. Skip breakfast altogether for a sumptuous buffet at Triple 3, an irresistible spread featuring some S 60 hot and cold dishes, plus tempting desserts. Call S us now to make your reservations at 831 6271/2
      367 words
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  • LIFESTYLE
    • Article, Illustration
      Lock icon Crying foul oyer Grammy voting
      934 13  -  Music industry executives are calling for changes in the way Grammys are awarded, reports Neil Strauss Neil Strauss NYT IN THIS week's issue of Billboard, the leading music industry trade magazine, a full-page ad bought by GcfTen Records lists the many magazines, newspapers, critics' polls
      NYT  -  934 words
    • Article
      Lock icon Here's a list of nominees for some top categories
      418 13 AP Record of the year I'll Make Love to You. Boyz II Men; He Thinks He'll Keep Her, Mary Chapin Carpenter, All I Wanna Do. Sheryl Crow; Love Sneakin' Up on You. Bonnie Raitt; Streets of Philadelphia. Bruce Springsteen. Album of
      AP  -  418 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      420 13 WHERE TO WINE, DINE AND ENTERTAIN k J I Ifll/ffIVH Qlde English Eating House ||1 H 277 Orchard Rd #02-38 Specialists' Centre S (0923) I i $2= CBD PASS! I mJ When you spend $25/- or more Ri Fosleis for lunch ■I or afternoon tea ftom Mon-Sat, show us your
      420 words
  • Page 13 Miscellaneous
    • Miscellaneous
      Page 13 Miscellaneous Column 1
      1099 13 I TV RADIO I Castles 9.30pm, Cti to Scotland to association with Mac- 1 -j The 'burbs, 8.30pm, Ch 1 j Joe Dante (Gremlins directs f L j Tom Hanks this wicked /Mi 1989 comedy. Hanks ops to MHj« l£m ;:^^^BS9n home, and catches the neighbourhood's th^WK paranoi over the
      1,099 words
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  • Article
    Prudent, yet generous
    515 14 EDITORIAL f 'IF there's a word for it, it's prudent." That was one executive's somewhat lukewarm reaction to the budget presented by Finance Minister Richard Hu. It perhaps typifies what many in the corporate world thought about it. Prudent the budget certainly was. True to form, Dr
    515 words
  • WHAT THE OTHERS SAY
    • Article
      Moving ahead with the law
      187 14 IN HIS ADDRESS to the subordinate courts last week. Chief Justice Yong Pung How called for conceptual and practical improvements to the legal system so that it not only guaranteed fair determination of disputes, but did so with minimum fuss. This is, of course, the
      187 words
    • Article
      Progress in US-China ties
      208 14 A POSSIBLE trade war between two giants has been averted. The economic prospects look bright on both sides. The last-minute agreement augurs well for the expansion of world trade. In short, the agreement between the United States and China on copyright piracy is a win-win deal,
      208 words
    • Article
      More controls needed
      124 14 AS Finance Minister Richard Hu has highlighted, while the risks are high in derivatives, the returns are also high and quick. It is not something that an individual country or financial centre can control through legislation. But there is apparently a lesson to be learnt from the
      124 words
    • Article
      Could it happen in Hongkong?
      157 14 HONGKONG REGULATORS yesterday battened down the hatches to prevent further local fall-out from the Barings catastrophe. It was clear from the financial secretary's refusal to comment on Sunday night that swift strong action would be taken to shield Hongkong from a crisis that caused mayhem
      157 words
    • Article
      Take security seriously
      183 14 MOST MALAYSIANS would tend to look indulgently at the escapade of the young English runaway who arrived in the country recently, seeing it more as amusing than worrying, forgetting the greater implications to national security that the episode infers. The boy's spirit of adventure is probably laudable,
      183 words
    • Article
      Talk tough to Cambodia
      162 14 THE PEOPLE who set up Cambodia in its present form return to the scene of their prime achievement next month to assess the results. The diplomats and bankers who gather in Paris for the annual meeting of the International Committee on the Rehabilitation and Reconstruction of
      162 words
  • Article, Illustration
    Lock icon Waiting for the Democrats to get out of town
    1204 14  -  An ex-US ambassador to China tells Leon Hadar why Sino-American relations would be much better if the Republicans got into the White House next year Leon Hadar The writer is BT's Washington Correspondent According to James Lilley, former US ambassador to
    Reuter  -  1,204 words
  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      198 14 Arthur Andersen Associates Pte Ltd SINGAPORE BUDGET OTHER RECENT TAX DEVELOPMENTS Keeping abreast with the latest changes in tax laws is vital to staying competitive in today's dynamic global marketplace. Attend the Arthur Andersen 1995 Budget Seminar and find out: How the 1995 Budget affects you and your business? What
      198 words
  • Page 14 Miscellaneous
    • Miscellaneous
      Page 14 Miscellaneous Column 1
      85 14 OF /CJL4QO' HOU) CAN I CororyioNt &€£-Mgiving Some. COUNSEL... ft PlanTT" ZvTZ'i U)rm lohvi S6.R.IOUS TV.OU6HT TO RocKeRY VOO »N T>*L LOfV/ IVUS eCOLOGV &VJSINESS TW6.eE:.... pv \p Il RND rve. De.o»De.D to shrubbery.. ,P» I Ger pv ummdouj 80y... glgpvmof cC, gJ S£ «mocutm Mimivtftia lto, iwitw W-On 9386
      85 words
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  • ANALYSIS
    • Article, Illustration
      Lock icon The corporate Houdini starts mesmerising again
      1327 15  -  Alan Bond, newly-freed from bankruptcy, tells Peter Lynch how his case should have been handled by the authorities to everybody's benefit Peter Lynch The writer is a Sydney-based journalist who contributes to BT EXIT Alan Bond, one of the world's biggest personal bankrupts. Enter
      AFP  -  1,327 words
    • Article
      Lock icon Japan-US security treaty must change with the times
      842 15 In an editorial yesterday, Asahi Shimbun said that, with the end of the Cold War, multilateral security arrangements are the way to go Asahi Shimbun HE security arrangeI ments between Japan A and the United States play a very large role in
      Asahi Shimbun  -  842 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      22 15 pTfi] any job. any career. rjrzt' —vC__ Available any Day. W BE Any Time, anywhere. < L M H OA r TA oou
      22 words
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      Page 15 Advertisements Column 2
      138 15 The Perfect Business Case. No Matter Whatibation Yjuteln. J* Quantum Focus No matter this Quantum feature what position comes n distinctive lawyer, models: Focus, musician, CEO Classic, Samsonite* Quantum* Milano. Just the are remarkably versatile. That's edge you need to because only Samsonite features work smart around the office, around
      138 words
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  • Article
    Lock icon US govt raises 4th qtr growth estimate to 4.6%
    674 16 But purchasing managers' index, construction spending point to slowing economy Bloomberg Business News WASHINGTON The US government raised its estimate of economic growth in last year's fourth quarter to a 4.6 per cent annual rate, as consumer demand at home and
    Bloomberg Business News  -  674 words
  • Article
    Lock icon Malaysia plans stock and monetary exchanges in Labuan
    342 16 Bernama. Reuter KUALA LUMPUR Malaysia is currently studying a proposal to set up an international stock exchange and monetary exchange in Labuan, Malaysia's fledgling offshore financial centre off the coast of Borneo. Speaking to reporters after a one-day visit to Labuan yesterday,
    Bernama.; Reuter  -  342 words
  • Article, Illustration
    Lock icon Airport blast-off
    71 16 AFP HONGKONG Some 45 tonnes of explosives being detonated yesterday to clear the way for the construction of the southern runway of Hongkong's new Chek Lap Kok airport. More than 400,000 cubic metres of rock are blasted each day at the 1,247-hectare site. The airport is being built
    AFP  -  71 words
  • Article
    Lock icon Rubin: allow banks to own insurance, securities firms
    171 16 AFP WASHINGTON The US banking system needs to be deregulated but banking and commerce should not mix, US Treasury Secretary Robert Rubin said yesterday. Unveiling details of government proposals to allow banks to own insurance firms and brokerages, Mr Rubin told a
    AFP  -  171 words
  • Article
    Lock icon Lehman's settles debts row with Citic Shanghai
    332 16 Reuter HONGKONG Lehman Brothers said yesterday it had reached a good agreement with a Chinese company over debts rung up through unauthorised trading, settling a case that had damaged China's international reputation. The US investment bank said in a statement it was announcing
    Reuter  -  332 words
  • Article
    Lock icon Orange County wants state to guarantee bridge financing
    245 16 Bloomberg Business News SANTA ANA, California Orange County will ask the state to guarantee bridge financing to the bankrupt county to help it avoid defaulting on more than US$l billion (551.45 billion) in bonds due over the next six months. William Popejoy
    Bloomberg Business News  -  245 words
  • Article, Illustration
    Barings fiasco: costly lesson for regulators and players
    913 16  -  The Bottom Line RALPH LIU RALPH LIU The writer is managing director of Advanced Risk Managements Solutions Pte Ltd, a Singapore-based derivatives consulting firm THE FINANCIAL derivatives business has been one of the most profitable lines of the global banking business for
    913 words
  • Article
    Lock icon M'sian opposition MP held under Sedition Act
    230 16 Bernama MALACCA Kota Melaka MP Lim Guan Eng was arrested yesterday under the Sedition Act over a talk he delivered during a ceramah at a hotel here on Jan 19 this year. State CID chief Mok Siew Hong said Lim, who is also
    Bernama  -  230 words
  • Article, Illustration
    Lock icon Flamboyant pyramid-selling king Cornfeld dies
    459 16 Reuter LONDON Financier-play-boy Bernie Cornfeld, who made pyramid selling world famous asking his salesmen "Do You Seriously Want To Be Rich?", has died aged 67 after suffering a stroke last year, friends said yesterday. Cornfeld, once a Brooklyn cab driver, built a fund in the
    Reuter  -  459 words
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  • COMPANIES & MARKETS
    • Article
      Bombshell as UIC reveals $75m tax payout to dent 1994 profits
      533 17  -  By Lee Han Shih SINGAPORE Listed United Industrial Corporation last night dropped a bombshell on its 30,000 shareholders, just two weeks before releasing its final result. In a short statement, UIC said it had agreed to pay tax of
      533 words
    • Article, Illustration
      WBL hopes to turn CD-ROM unit around
      436 17  -  By David Mok WBL Corp hopes to turn its loss-making CD-ROM drive unit into a profitable operation this year, largely on the strength of the financial, marketing and R&D clout of its new Taiwanese partners in the business. WBL last December formed a
      436 words
    • Article
      Jurong Shipyard earnings dip 19% to $53m
      453 17  -  By Rahita Elias SINGAPORE Jurong Shipyard, the first among the Big Three yards to announce its 1994 results, suffered a 19 per cent drop in net earnings last year to $52.9 million. This translates to a 19 per cent fall in earnings per
      453 words
    • Article
      Telekom set to dominate industry
      686 17  -  HOCK LOCK SIEW By Ruth Wong KUALA LUMPUR Over the years, Telekom Malaysia Bhd has built up a strong foundation. If last year's statistics were anything to go by, it could be set to dominate the industry for some time. This week, the telephone company
      686 words
    • Article
      Clob International stocks drift lower on forced selling
      231 17  -  By R Sivanithy SINGAPORE With no direction from Kuala Lumpur, stock prices on Clob International drifted lower yesterday in higher volume caused by forced selling late in the afternoon. The Kuala Lumpur Stock Exchange was closed for the Hari Raya Puasa holiday
      231 words
    • EYE on your STOCKS
      • Article, Illustration
        MARKET MOOD
        49 17 Mixed 'Market Mood indicates the likely trading sentiment today, based on brokers polled at 5-6pm yesterday. Overnight events may alter sentiment Brokers polled Alliance, Credit Lyonnais Securities. Daiwa. Fraser. UK Uoh. Kay Hian. Morgan (irenlell. OngCo, Nomura. Phillip. Smith ,Wu Court. Wl Carr and SU W arburg.
        49 words
      • Article, Illustration
        HOT STOCK
        108 17  -  Quak Hiang Whai WHILE the short-term charts of DBS Land are beginning to look a little bearish, holders of the counter can take comfort that the medium term indicators still look good. In fact, the weekly and monthly RSIs are near 25 and the weekly MACD lines look
        108 words
    • COMPANIES
      • Article
        Lock icon M'sian securities watchdog reprimands UMG and ASB
        444 18 Bernama KUALA LUMPUR The Securities Commission yesterday publicly reprimanded both United Merchant Group Bhd (UMG) and Advance Synergy Bhd (ASB) for errant corporate behaviour, which it said can undermine investor confidence in the Malaysian capital market. In a strongly-worded statement here, the commission
        Bernama  -  444 words
      • Article
        STV unit forming aircraft repair venture with US firm
        188 18 SINGAPORE Singapore Aerospace Manufacturing (SAM), which was recently acquired by Singapore Technologies Ventures (STV), is forming a joint venture with a US engine maker. The joint venture with Rohr Inc aims to repair aircraft engines in the Pacific Rim, Bloomberg news
        188 words
      • Article
        Focal Finance posts 20% rise in earnings to $11.8m
        296 18  -  By Michelle Low SINGAPORE OCBC Bank's Focal Finance, the first listed finance company to report its full-year results this year, yesterday announced a 20.1 per cent increase in net earnings to $11.8 million for the year ended Dec 31, 1994. The
        296 words
      • Article
        Lock icon Landmarks to buy into S African bank through reverse takeover
        208 18 Bernama KUALA LUMPUR Landmarks Bhd's long-term earnings base will be enhanced through its acquisition of a public-listed South African bank, Boland Bank Ltd (BBL), its shareholders were told yesterday. This will be done through a reverse takeover in a deal
        Bernama  -  208 words
      • Article
        Untitled
        529 18 MaMgart' prion Mar 2 US Gr Fund 0 99 1.03" Singapore Unit Trust UOB Asut Mgt Ltd The Commerce 1.61 I M Lnifund 1.34 1.40 The Savings Fund 1.44 I52xd Umbond 1.02 1.045 S'porc Prog Fund 0.59 0.63 United Gr Fund' 1.56 1.63 S pore Sec Fund 0.95 1.01 United
        529 words
      • Article, Illustration
        CDL Hotels eyeing almost full control of Plaza Hotel
        407 18  -  By Abdul Hadhi SINGAPORE CDL Hotels, the hotel arm of listed City Developments, is looking to acquire close to full control of Donald Trump's posh Plaza Hotel in New York, and not just 49 per cent as was previously assumed. CityDev
        407 words
      • Article
        Prima in joint venture to build Sri Lanka hospital
        212 18 SINGAPORE A consortium of eight companies is to build a Gleneaglcs hospital and medical centre in Colombo, Sri Lanka. This was announced yesterday by locally listed flour-miller Prima Ltd, which is one of the joint venture partners. The other partners are
        212 words
      • Article
        Lock icon Golden Plus to build China houses
        121 18 Bloomberg Business News KUALA LUMPUR Golden Plus Holdings Bhd plans to begin building houses in Shanghai by the second half of 1995, the company told the Kuala Lumpur Stock Exchange on Tuesday. The company had said in October that it would take an 80
        Bloomberg Business News  -  121 words
      • Article
        Lock icon Meralco spending 5.5b pesos to upgrade facilities
        167 18 AFP MANILA Top Philippine power retailer Manila Electric Co (Meralco) said here yesterday it would spend 5.5 billion pesos (SS3OB million) this year to improve its distribution facilities. Meralco senior vice-presi-dent Jesus Francisco also said the utility, which on Tuesday reported a 122
        AFP  -  167 words
      • Article
        Untitled
        337 18 Pa) men t fcx Books Pay date close date ABR Hldgs 5* F {y n 13 n 9 '«"> 30 Avimo 20* F J K ar I M ar A P r A/tech 5' b 20TE May II May 16 May 31 BAT 21' F 4.14 Mar 20 Mar 24
        337 words
      • Article
        Sime S'pore develops serviced apartments in Vietnam
        286 18 SINGAPORE Simc Singapore has embarked on its first overseas serviced apartment project in the Vietnamese coastal city of Vung Tau. The company said yesterday its wholly-owned subsidiary Sime Properties (Vietnam) had signed an agreement with the National Oil Services of Vietnam (OSC Vietnam)
        286 words
      • COMPANY BRIEFS
        • Article
          San Teh appoints non-exec director
          62 18 SINGAPORE San Teh has appointed Hee Theng Fong, a practising solicitor, a non-executive director with effect from yesterday. He will also serve as a member of the audit committee. It also announced the appointment of Messrs Heng Ngee Boon and Tu Shan Tien as executive
          62 words
        • Article
          Tie-ups with Hutchison Telecom
          128 18 SINGAPORE Intraco and Teledata (Singapore) have formed two joint-venture companies together with Hutchison Telecommunications of Hongkong to bid for cellular and paging licences. The companies have set up Intracel Pte Ltd and IntraPage Pte Ltd to take part in the on-going tender for such licences. The
          128 words
        • Article
          Hwa Hong on share price rise
          52 18 SINGAPORE Hwa Hong Corporation yesterday said it was not aware of any reasons for the sharp increase in the share price and turnover of the company's shares on the exchange. Hwa Hong shares yesterday rose 25 cents to $2.24 on a volume of 1.38
          52 words
        • Article
          EML director Frank Yung resigns
          42 18 SINGAPORE Mr Frank Yung Yung-Cheng has resigned as a director of Electro Magnetics (1992) Ltd. His resignation was accepted by the board yesterday. He ceased to be a member of the board's audit committee from Feb 19.
          42 words
        • Article
          MHE in Philippine joint venture
          104 18 SINGAPORE Material Handling Engineering yesterday announced the incorporation of a company in the Philippines, MHE Philippines, to sell material-handling equipment. MHE Philippines will have an issued and paid-up capital of 1.5 million pesos (S$85,000), comprising 1,500 shares of 1,000 pesos each. MHE holds a stake
          104 words
        • Article
          UOL to acquire company
          101 18 SINGAPORE United Overseas Land has entered into an agreement to acquire a Bahamas-incorporated company, Sleadon Consultants, for USS 17,245 (5525,000). The company's main activity is to provide project management services for the proposed 300-room Plaza Hotel at Ho Chi Minh City, in which a UOL subsidiary.
          101 words
        • Article
          CDL Hotels takes over UK firm
          63 18 SINGAPORE City Developments yesterday said its subsidiary, CDL Hotels International, has acquired Millennium Hotels (UK) Ltd. The UK company with the principal activity of hotel ownership has an issued capital of £2. Another CDL company, CDL Hotels New Zealand, has incorporated a subsidiary, Millennium
          63 words
      • Article
        Lock icon Morgan Stanley 4th-qtr earnings plunge 79%
        355 19 NYT NEW YORK Reflecting the effects of the worst bond market in a generation, the Morgan Stanley Group reported on Tuesday that profits tumbled 79 per cent for the fourth quarter. Morgan Stanley, the fourthlaigest US securities firm, said that net income for the
        NYT  -  355 words
      • Article
        Lock icon Protection in Act applies only to IPOs: US court
        497 19 NYT WASHINGTON Rejecting the Securities and Exchange Commission's position, the Supreme Court ruled on Tuesday that the protection of a potentially powerful securities law extends only to those investors who buy stock in an initial public offering, and not to those
        NYT  -  497 words
      • Article
        Lock icon France's Suez financial empire in the red
        477 19 Reuter PARIS Cie de Suez, one of the pillars of France's financial establishment, on Tuesday posted a net loss of 4.7 billion French francs (SSI.3 billion) for 1994, largely due to heavy write-offs in its property activities. Suez, which had posted a profit
        Reuter  -  477 words
      • COMPANY BRIEFS
        • Article
          Lock icon Aussie bourse to simplify listing rules
          59 19 Reuter SYDNEY The Australian Stock Exchange said it has established a committee to work on the simplification of its listing rules. Managing director Richard Humphry said the objective of the committee was to produce a clear, structured listing manual which was expressed in plain
          Reuter  -  59 words
        • Article
          Lock icon Whirlpool in US$29.5m China venture
          89 19 Bloomberg Business News SHANGHAI Whirlpool Corp, a US home appliance manufacturer, formed a U5529.5 million (5542.7 million) automatic washing machine joint venture in Shanghai. Whirlpool holds a 55 per cent stake in the joint venture, called Whirlpool Narcissus (Shanghai) Co. Shanghai Narcissus Electric Appliances Co,
          Bloomberg Business News  -  89 words
        • Article
          Lock icon Monsanto forms tie-up in China
          80 19 Bloomberg Business News ST LOUIS Monsanto Co said it formed a joint venture with Jiangsu Chemical Pesticide Group Co that will make heat transfer fluids to serve the growing industrial market in China. Heat transfer fluids are used primarily in the chemical, oil and textile
          Bloomberg Business News  -  80 words
        • Article
          Lock icon EC approves Glaxo-Wellcome deal
          65 19 AFP BRUSSELS The European Commission on Tuesday gave its approval for British pharmaceuticals group Glaxo to buy its compatriot and fellow pharmaceuticals group Wellcome. The Commission, charged with ensuring adequate competition in the European Union's 15-nation market place, agreed on the deal after Glaxo announced it
          AFP  -  65 words
        • Article
          Lock icon Hyundai emerges from sanctions
          61 19 AFP SEOUL South Korea's leading Hyundai (business) Group, emerging from two years of financial sanctions, has received the government green light to raise US$9O million (S$ 130.3 million) from abroad, officials said yesterday. The government-controlled Korea Securities Dealers Association approved Hyundai Motor Co's plan to issue
          AFP  -  61 words
        • Article
          Lock icon London is Samsung's European HQ
          57 19 Reuter LONDON South Korean group Samsung Co confirmed on Tuesday that London had been chosen as its European headquarters. "I have found that there have been quite a few rumours about Samsung's European policy," Samsung Europe president Sung Rai Choi told a news briefing about
          Reuter  -  57 words
      • Article
        Lock icon Germany's Quandts acknowledge owning almost half of BMW
        287 19 Reuter BONN Germany's wealthy Quandt family revealed one of the country's best kept business secrets on Tuesday, disclosing that it owned almost half of the ordinary shares in luxury car maker BMW. Bayerische Motoren Werke said in a newspaper announcement it had
        Reuter  -  287 words
      • Article
        Lock icon NTT to run Japan trials of world virtual network service
        200 19 AFP TOKYO Japan's Nippon Telegraph and Telephone Corp (NTT) and Kokusai Denshin Denwa Co Ltd (KDD) announced yesterday an accord for NTT to conduct trials of a new "virtual network service" offered by a joint venture between KDD, American Telephone
        AFP  -  200 words
      • Article, Illustration
        Lock icon AT&T chairman earns US$5.2m, including bonus and options
        283 19 Bloomberg Business News NEW YORK AT&T Corp chairman Robert Allen had a good year in 1994, earning US$5.2 million (557.54 million) including stock options. Mr Allen received 72,854 additional options and a US$2.2 million bonus, 46 per cent more than his 1993
        Bloomberg Business News  -  283 words
      • Article
        Lock icon Nomura's Knight cuts Tokyo weighting
        243 19 Reuter LONDON Nomura equities guru Nick Knight took a gloomy view of the Tokyo share market on Tuesday and cut the weighting of Japan stocks in his model share portfolio to 16 per cent from 20 per cent. In the wake of the news that
        Reuter  -  243 words
      • Article
        Lock icon CRA beefs up operations, poised for growth
        373 19 Reuter MELBOURNE CRA is poised for growth in bulk and base metals in Australia and offshore through expansion of existing operations and acquisitions, executives said. "During 1994, we strengthened our upstream operations, so we would be well placed for growth," chief executive Leon
        Reuter  -  373 words
      • Article
        Lock icon Nokia boosts profit, plans 260% dividend rise
        357 19 Reuter HELSINKI Fast-growing Finnish telecommunications group Nokia Oy on Tuesday reported sharply better 1994 results as the market for mobile phones boomed. It also proposed a dividend increase of nearly 260 per cent to 10 markka per share as well as a share
        Reuter  -  357 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon Big returns expected for Chinese funds this year
        507 20 Bloomberg Business News HONGKQfcIG Chinese country funds could provide big returns in 1995 after turning in some of the better performances among closed-end funds this year, analysts and money managers said on Tuesday. Their prediction is based on two assumptions: the Hongkong
        Bloomberg Business News  -  507 words
      • Article, Illustration
        Lock icon Banker gets 17 years and a hefty fine
        62 20 Reuter KARACHI Yunus Habib (right), operating officer of Pakistan's now defunct Mehran Bank, talking to his counsel outside the court here on Tuesday. The banking court sentenced Habib to 17 years of imprisonment and a fine of US$7l.OB million or in default
        Reuter  -  62 words
      • Article
        Lock icon Japan platinum buying seen slowing down this year
        319 20 Reuter TOKYO Japan, the world's largest platinum consumer, is unlikely to make further huge purchases of the metal this year after its record imports of 74.4 tonnes last year, precious metal traders said. "Looking at the overall demand for the metal this
        Reuter  -  319 words
      • Article
        Lock icon Speculation grows over central bank sale of gold last year
        474 20 Reuter LONDON Speculation is growing in the bullion market that a central bank made a gold sale in early 1994, two years after 400 tonnes were released by the Dutch, sending prices tumbling to a seven-year low. Early this year
        Reuter  -  474 words
      • SMALL CHANGE
        • Article
          Lock icon Japanese banks dispose of debt
          92 20 AFP TOKYO Japanese financial institutions unloaded 328.3 billion yen (554.9 billion) in bad loans in February, bringing disposals since March 1993 to 7,333 billion yen, a bank-owned agency said yesterday. The Cooperative Credit Purchasing Co, set up by Japanese banks two years ago to clean
          AFP  -  92 words
        • Article
          Lock icon Royal Bank of Canada appointments
          33 20 Bloomberg Business News HONGKONG The Royal Bank of Canada appointed Stephen Kampers vice-president and general manager for Hongkong, and Timothy Gibbs as vice-president of Asia, global private banking.
          Bloomberg Business News  -  33 words
        • Article
          Lock icon Nippon Life in trust business
          70 20 AFP TOKYO Nippon Life Insurance Co plans to become the first Japanese life insurance company to enter the investment trust business, news reports said on Tuesday. An investment trust company is to be established in April by Nippon Life and affiliates, Jiji Press and Kyodo
          AFP  -  70 words
        • Article
          Lock icon ADB plans Washington office
          48 20 Reuter MANILA The Asian Development Bank will open a North American representative office in Washington by mid-year, the Manila-based multilateral bank said. "The office will enhance the bank's presence in North American capital markets and facilitate its borrowing and investment operations," it said. Reuter
          Reuter  -  48 words
      • Article
        Lock icon Clean diesel fuel produced from natural gas
        131 20 AFP COPENHAGEN A revolutionary new environmentfriendly fuel for diesel engines has been prepared from natural gas, a Danish firm announced on Tuesday after presenting its product at an auto engineers' meeting in Detroit, Michigan. The colourless gas dimethylether (DME) is already used as
        AFP  -  131 words
      • Article
        Lock icon China's biggest bond issue a hit with Shanghai residents
        298 20 Reuter SHANGHAI Shanghai residents queued for inflationbeating treasury bills yesterday as the biggest bond issue in China's history got under way. The issue of 150 billion yuan (5525.8 billion) of state paper has been under a heavy cloud because of a
        Reuter  -  298 words
      • Article
        Lock icon Pakistan steps up search for oil, gas
        324 20 ENERGY REPORT Reuter ISLAMABAD Pakistan, which unveiled a package of energy incentives a year ago. expects to attract investment of up to US$2.5 billion (553.6 billion) in oil and gas exploration in the next few years, its oil minister said yesterday. Petroleum and
        Reuter  -  324 words
      • Article
        Lock icon Currency Reports:London
        187 20 Reuter LONDON The dollar sank lower overnight as Mexican worries continued to pull it under, and only repeated intervention by the Bank of Japan prevented it drifting deeper. Data due yesterday, including US fourth-quarter GDP and the National Association of Purchasing Management index. are unlikely to help the
        Reuter  -  187 words
      • Article
        Lock icon New York
        97 20 AFP NEW YORK The dollar edged up against other major currencies here early yesterday in calm trading bolstered by the strengthening of European currencies against the mark. At 1510 GMT, the dollar was quoted at 1.4659 marks, up from 1.4620 late Tuesday, and at 96.70 yen (unchanged). In
        AFP  -  97 words
      • Article, Illustration
        Lock icon Untitled
        1029 20 /nsrfr««**/«*/ index lak-uiated against S'punr'i lap 14 trading partners Base year: 1985 US$/S$ forward rates Noon /Mar 1 ss Bid od^r 1-month 1 .444} ***** 2-month ***** 1 4420 3-month 1.4376 1 4316 6-month I 4289 1 4304 Source: OCBC FOREIGN CURRENCY NOTE RATES As at 9m m Mar 1
        Base year: 1985  -  1,029 words
    • COMMODITIES & FUTURES
      • Article
        Lock icon Eurodollar, Euroyen end flat to firmer
        1469 21 SIMEX REPORT Reuter SINGAPORE Simcx Eurodollar and Euroyen futures markets ended flat to firmer, benefiting from a fall in the Japanese stock market. The lead December Euroyen contract closed at 97.43, up from its previous close at 97.39 and September rose to 97.56 from
        Reuter  -  1,469 words
      • Article
        Tin price plunges 49 sen to M$13.33
        678 21 ENERGY REPORT KL Tin TIN fell sharply by 49 sen to close at MS 13.33 per kg on the KLTM yesterday, extending its losses from Tuesday's lower close. Dealers attributed the continued fall to the sharp decline on the overnight LME and weak
        678 words
      • KNIGHT-RIDDER COMMODITY SUMMARY
        • Article
          Cancer fears prompt coffee research
          125 21 LONDON The UK government is to back research into the cancer threat from a type of mold found on coffee beans. Junior Agriculture Minister Angela Browning has disclosed. It was thought the mycotoxin that produces ochratoxin A was removed in the roasting process, but some
          125 words
        • Article
          China may resume nickel import
          116 21 TOKYO The collapse in nickel prices over the past several days is expected to encourage Chinese metals traders to resume importing nickel again after several months of inactivity while prices were out of reach. However, China's level of imports depends on whether nickel prices stage
          116 words
        • Article
          Taiwan's copper imports up 9%
          88 21 TAIPEI Taiwan's Industrial Development Bureau expects Taiwan to import roughly 520,000 tonnes of unwrought copper in 1995, a 9 per cent increase over the year, a bureau official said yester> day. Taiwan imported 475,534 tonnes of unwrought copper in 1994. "If the economy remain* strong
          88 words
    • Article
      COMMODITY PRICES
      1484 21 Rubber Mar i Singapore Commodity Exchange Physical Prices (futures cleslug as at 5.34pm) iwere SoNan As at 12 noM (S cents/kg) RSS 1 Contract (S cents/kg) Close Volume RSS 2 Apr 95 259. SO 260.50N Monlh High Low Sen (tonnes) Interest RSS j Apf 95 2 S8 50
      1,484 words
    • REGIONAL STOCK MARKETS
      • Article
        Untitled
        320 22 Seoul Ktb 2N \Voa(D0) *nkuk Insurance I97I UO -«000 Aua t'emenl ***** -9 00 Ratk > ang I-WO 00 WOO Bank <X( he Ju __II000 -300 Boo Kooi ***** uitch BmkASMI ***** -6 00 < heilSvnthe le\i ***** +1000 hong Kun Dang —33* 00 3 00 ChoongW ***** -1600 Dae
        320 words
      • Article
        Australia
        1099 22 -2.9 WEAKER commodity prices dragged stocks to a lower close yesterday but a strong performance by mining group CRA limited losses, brokers said. The All Ordinaries Index ended at 1,917.1 points, down 2.9 points. The All Industrials Index finished 2.0 firmer at 2,877.0. while the All Resources Index slipped
        1,099 words
      • Article
        Manila
        648 22 -31.76 Share prices tumbled 1.3 per cent amid concerns about rising domestic interest rates and the depreciation of the peso against the dollar, analysts said. The PSE Index lost 31.76 points to 2,478.23. Turnover was 1.55 billion shares valued at 840.9 million pesos. The market opened higher on carry-over
        648 words
      • Article
        New Zealand
        282 22 +3.89 Shares were little changed on perceptions that the nation is a relatively safe haven amid the continuing fallout from the collapse of British investment bank Barings pic, traders said. Among the major blue-chip stocks, forester Carter Holt Harvey Ltd gained while Telecom Corp declined. The NZSE-40 Capital
        282 words
      • Article
        Bombay
        190 22 +38.34 Renewed buying support from speculators boosted share prices across-the-board with the BSE 30-share Index rising 38.34 points to 3,459.81. The composite 100-share National Index ended 20.03 higher at 1,679.12. A broker said some outstation brokers, mainly from Calcutta and Ahmedabad. were covering short positions on the Bombay bourse.
        190 words
      • Article
        Taipei
        575 22 -171.5 Stocks slid across the board in response to bearish performance in the Tokyo market, with all eight major categories of shares suffering losses. The 419-issue Weighted Price Index retreated 171.5 points, or 2.6 per cent, to finish at 6,337.83. Turnover rose with 1.29 billion shares worth NT552.12 billion
        575 words
    • WORLD STOCK MARKETS
      • Article
        London
        742 22 +31.9 STOCK markets across Europe took heart from the Dow's overnight gains and the FTSE-100 was no exception. Blue chip stocks ended the session on a firm note, helped to highs by a surge in index futures at mid-session. The FTSE-100 closed up 31.9 points at 3,041.2 in a
        742 words
      • Article
        Paris
        137 22 +35.02 French shares surged at the close and reclaimed territory above the psychologically important 1,800 level in a technical reaction to recent losses and supported by a stronger franc and rises on the bond market. The CAC-40 Index closed up 35.02 points, or 1.97 per cent, at 1,811.87. Of
        137 words
      • Article
        Frankfurt
        191 22 +29.36 Stronger Bunds, a slight recovery in the US dollar and hints that the German metals worker strike could be solved soon supported German shares. Dealers said the market was little moved by US purchasing manager data since the Bund market reaction was muted. The 30-share DAX Index closed
        191 words
      • Article
        Brussels
        207 22 1.11 Belgian stocks closed mixed as gains in the dollar were offset by a decline in mining stock Union Miniere SA. The Bel-20 Index of leading shares closed up 1.11 points at 1,326.85. The dollar was last up seven centimes at 30.195. Union Miniere shares fell 2.8 per cent
        207 words
      • Article
        Milan
        173 22 190 Italian shares rose for the second day, after falling 10 days out of 12, as former Prime Minister Silvio Berlusconi said his conservative coalition will support defi-cit-cutting measures proposed by the government. "It's finally clear that the budget will go through, which boosted the stock market, bonds and
        173 words
      • Article
        Amsterdam
        281 22 +0.72 Dutch shares ended higher on the back of a firmer dollar. but gains were held back by a slightly higher than forecast increase in fourth quarter US GDP which sparked rate hike jitters. The AEX Index closed up 0.72 at 408.48 points, well above strong technical resistance at
        281 words
      • Article
        Stockholm
        128 22 +8.26 The Stockholm stock exchange recovered from Tuesday's fall and closed 8.26 points up at 1.160.29, supported by strong European bourses and a substantial rise in index-heavy Ericsson. But trade was relatively slow and turnover was a moderate 2.103 million crowns. Things have been very quiet. We strengthened on
        128 words
      • Article
        Zurich
        251 22 18.8 Swiss shares ended firmer as bond futures and the US Long Bond were higher. dealers said. A tight supply in some shares also led the bourse up, they added. A lower start to Wall Street pared some gains and share prices were consolidating, traders said. The SMI Index
        251 words
      • Article
        Toronto
        242 22 -11.02 Stocks fell in light early trading, depressed by a weaker bond market and sharp losses in gold issues. The TSE-300 Composite Index was off 19.5 points to 4,105.30 on volume of 11.02 million shares valued at Cslso million. Advancing stocks outpaced declines 131 to 123, with 218 issues
        242 words
      • Article
        New York
        764 22 -6.91 The Dow Jones Industrial Average, which rebounded 22.48 points on Tuesday, was down 6.91 to 4,004.14 at 1 lam EST. The key barometer down 15.91 shortly after the market opened. The New York Stock Exchange Composite Index was unchanged at 264.65, while Standard Poor's 500-stock Index was
        764 words
      • Article
        Untitled
        964 22 Britannia Funds Sterling Cash Bid (Mtt Mim C ap Deposit W 6400 JKfcVJO Mim Jerses (iilf 0 IN«*3 0 IW Mim Mji Income .0.9100 ***** L SS Cash Income Pirn Fund 4*00 *999U0 PS S Reserve Fund 5 4000 5 4100 Sterling (quit) Euro Performance .***** 04V38 Far EM Fund
        964 words
    • Article, Illustration
      Lock icon HONGKONG
      3061 23 Bloomberg Business News HONGKONG Stocks fell, led by conglomerates such as Hutchison Whampoa and Wharl (Holdings), amid concerns over the fallout ol Barings' failure. "This market is weaker purely because the Tokyo market took a bath this morning on concerns about Barings." said a trader. A US$9O2 million (S$
      Bloomberg Business News; Source: Bridge Info  -  3,061 words
    • Article, Illustration
      Lock icon CHINA
      624 23 CLSA HONGKONG H shares slipped 1.4 per cent yesterday amid jittery market sentiment and renewed profit-taking activity following the Barings debacle. Turnover was HKS62 million. Kunming, the biggest loser, finished 6 per cent lower. Shanghai B shares ended 0.4 per cent higher. Huaxin Cement was up almost 2 per
      CLSA  -  624 words
    • Article, Illustration
      Lock icon JAKARTA
      1197 23 Reuter JAKARTA Share prices closed mixed on speculative local buying of third-liners ahead of the Hari Raya Puasa holiday. "It's typical of local players. If a third-liner like Duta Pertiwi can go up sharply by 17.7 per cent to 825 rupiah. why not other third liners like Kurnia Kapuas
      Reuter; Source: Bridge Info  -  1,197 words
    • Article, Illustration
      Lock icon TOKYO
      2410 23 Bloomberg Business News TOKYO Stocks fell to 15month lows as Japan's stock exchanges disposed of the securities holdings of the troubled Barings. The Osaka Securities Exchange began unloading Barings' Nikkei 225 futures yesterday. The Tokyo Stock Exchange started liquidating Barings' other holdings on Monday. "They have to sell as
      Bloomberg Business News  -  2,410 words
    • Article, Illustration
      Lock icon BANGKOK
      1844 23 Reuter BANGKOK Stocks ended fractionally lower as renewed concern over the fate of stocks in the Barings portfolio swirled in the market. Investors were also spooked by some newspaper reports, which were later denied. that Siam Commercial Bank had raised its lending rates. The SET Index closed off 0.77
      Reuter; Source: Bridge Info  -  1,844 words
    • Article
      CLOB INTERNATIONAL
      2353 24 U C.f LM Vol Day last Qntt l*» Di» VU Net M Cap High I am Cucopu) Safe (WO) 111*11 Ixm Buyer SHfer Or P/fc Ml MALAYSIAN STOCKS 410 73 m AtSB 50c 402 26 2377 410 3*8 400 402 1.0 -2 9 02 41 2 206 77
      2,353 words
    • Article, Illustration
      Lock icon Untitled
      6580 24 Source: Bridge Info Close PrcTioas Chaagr K.LSE Composite 979.64 970.45 9.19 NST Industrial 5268 44 5240 61 +27.83 NST Finance 9046 30 8928 09 +118.21 NST Properties ...2727.93 2717.72 +10.21 NST Mining 2372.31 2401.75 -29 44 Imam C000) Total volume 186 too 2JI.88I -45.781 Total val (MS) 1.070 39 J
      Source: Bridge Info  -  6,580 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        8352 25 Cr Gr M Wt imn lj»l Vol Da; Inl Quote Di« l)i« VU Net Cap \»g High Loo Company Sole (000) High Lo« Bayer Seller S C"»r P/E tail Price INDUSTRIAL AND COMMERCIAL 720* )88 ml s Acma SOc 436 -6 16 444 4)6 434 436 88 4.7 10 1)9
        8,352 words
      • Article, Illustration
        Lock icon Renewed uncertainties send market broadly lower
        1841 26  -  By R Sivanithy SINGAPORE The closure of the Malaysian stock market and renewed uncertainties created by the collapse of Barings left local stock prices broadly lower yesterday, although the Straits Times Industrials Index chalked up a marginal rise. Buying interest was minimal even with
        Charts by Bridge Info; Source: Bloomberg  -  1,841 words
  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      427 17 NEWS VALUE Dr Hu's unspectacular but far-sighted budget (pg I) Neutral impact on stocks other than property counters, which may see some selling. Tokyo shares dive as half of Osaka contracts are liquidated (pg I) Who would want to bet on a rise when so many long Barings positions remain
      427 words
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      297 18 /HOW TO STAY TRIM IN BUSINESS BY CUTTING CORNERS These days, to stay successful in business, one has to be highly competitive.That means having the right image, up- to- date office equipment and full time experienced staff; yet keeping low overheads. Here at World Wide Business Centre Pte Ltd. we
      297 words
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      Page 18 Advertisements Column 2
      10 18 BROKERS' STOCK PICKS in Personal Finance and Investment on Saturdays
      10 words
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      73 19 I 7 TIMES A WEEK I Gulf Air flies n op from Singapore to the Gulf seven times a week, Vjl |2P more than any other airline. Whichever I HC4X4I m H I class you travel, yo fly in comfort and style, experiencing our traditional I I hos lity. Come
      73 words
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      688 21 BU SINESS TIMES TOLL-FREE TEL No 1-600-741-1883 FA X 7AI-1298 IN THE MATTER OF THE COMPANIES ACT CAP. 50 ANO M THE MATTER OF AIRCARGO EXPRESS CLEARMG SERVICES PTE LTD (In Members' Voluntary Winding-up) NOTICE IS HEREBY GIVEN pursuant to Section 306 of the Companies Act. Cap. 50, that a
      688 words
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      Page 21 Advertisements Column 2
      20 21 As and when the latest I>ondon/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead.
      20 words
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      Page 22 Advertisements Column 1
      244 22 The South Korean stock market was closed yesterday for Independence Day. liHlilfe Discover the unique charm and beauty of classic rosewood furniture from ftlCinir/)/{ Jkw7 r\ II Singapore Handicrafts Singapore's leading rosewood specialist A rosewood -'wtlKHFmW'(f f€m master P iece Wlth lts refined lines and exact proportions will r i*
      244 words
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      135 23 1 Qi\)6 oMgu/ tfo QJou/t Facing hair problems like balding, thinning hair, damaged hair, dandruff and premature grey on 1 des P a r come to Hay's Formula, we give professional hair treatment with a secret I formulation made of 100%, HERBAL PLANT EXTRACTS. Hay's Formula provides all natural and
      135 words
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      100 24 The Kuala Lumpur Stock Exchange was closed yesterday and will remain closed today and tomorrow. Trading resumes on Monday 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* Woria Trade Centre sf/
      100 words
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      370 25 ADVERTISEMENT MM) 1? ,nJN 'V J 5 21 6 'J» ,w 1 225° -4" 101 'no Mfc MMm I*4 12 m Burwill lOcioOO HKN M 40 1250 VII* 72) 471 «< Shmjn-lJ MS 14 59} S«S MO MS i«so .—i I ONLY ONE TABLE DEMONSTRATES ASSETS APPRECIATION. VI s» I
      370 words
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      1809 26 TOLL-FREE TEL. No. 1-800-741-1883 FAX:74I-1298 For Sale By Tender Location: 273 South Bridge Road (Within the Chinatown Conservation Area) Land Area 287sa m/3.0895a ft xv\ <\k Total gross floor area Approx. 933.435 a m/ 10,047 sa ft Tenure 999 years wef. 1 October 1823 Tender Closing Date 12 noon, 29
      1,809 words
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  • Shipping Times
    • Article, Illustration
      Bengal Tiger acquires dedicated berth, container yard at Madras port
      397 27  -  By Ramesh Divyanathan SINGAPORE Bengal Tiger Line (BTL), which operates in the Bay of Bengal, has acquired a dedicated berth and container yard from the Madras Port Trust. The independent common feeder carrier said in a recent statement that it
      397 words
    • Article
      Lock icon British govt acts on ship safety after Scottish spill
      242 27 Reuter LONDON The British government said on Tuesday it had accepted a string of proposals to improve the safety of ships around its coasts made after a tanker foundered off Scotland, causing a huge oil spill. "Our response clearly demonstrates that
      Reuter  -  242 words
    • Article
      Lock icon Nuclear waste ship applies for Panama Canal passage
      259 27 AFP PANAMA CITY French and Japanese authorities have applied for passage through the Panama Canal for a controversial ship carrying nuclear waste to Japan from France, the Greenpeace environmental group said on Tuesday. Spokesman Tom Clements told AFP that the Canal Commission
      AFP  -  259 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      618 27 Page Col Able Shpg 7 4/5 Accord Group 8 1-3 ACL 9 1/2 •Ahlers Lines 12 1 Ahrenkiel Liner 4 1/2 •Appcnship 4 4/5 •ANL 3 4/5 •ASCL 5 5 Astro Shpg 8 4 Avant Shpg 6 4/5 •Bank Line, The 9 5
      618 words
    • Article
      Lock icon US tanker industry questions value of oil spill certificates
      283 27 Reuter LONG BEACH, California Two months after the COFR law took effect requiring all tankers in US waters to carry Certificates of Financial Responsibility for possible oil spills, shipping companies say they get little additional insurance coverage for the money they
      Reuter  -  283 words
    • Article
      Lock icon American President sued to stop ships under foreign flags
      283 27 Bloomberg Business News SAN FRANCISCO American President Cos was sued in federal court by a union challenging the company's plans to register six new ships under foreign flags and man them with foreign crews. The suit, filed by the International Organisation
      Bloomberg Business News  -  283 words
    • Article
      DAILY FREIGHTS
      1175 28 THE ATLANTIC sector of the freight market was still Strengthening, as chartering enquiry continued to build up particularly for grain from the US Gulf and East Coast of South America, brokers said. They noted the Pacific was relatively quiet ahead of the Korean holidays on Wednesday. Grain charterers
      1,175 words
    • Article
      TRANSPORT DIARY
      571 28 COURSES Title: Principles of Shipping Opertns Practices (SDF 70%) Duration: Mar 7 Apr 21 Organiser Singapore National Shipping Association Tel: For further details and application forms contact SNSA Secretariat at 278-3464 or fax: 274-5079. Title: Effective Written Communication in Shipping Management (SDF 50%) Duration: Mar 7 May 9
      571 words
    • Article, Illustration
      Lock icon Liberian shipping fleet grows despite war
      757 29  -  Civil war has devastated Liberia's economy but not its shipping registration. Claudia McElroy examines why this maritime programme has gone from strength to strength Claudia McElroy Reuter THE NUMBER of ship around the world registered under Liberia's flag of convenience is at an all-time
      Reuter  -  757 words
    • Article
      THE SHIPPING GUIDE
      13591 36 This is a list of ships loading at Singapore for ports around the world. It tabulates, by destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. LEGEND PN: ship calls at Penang after
      13,591 words
    • Article, Illustration
      Lock icon FAA under attack over American Eagle crash
      1368 39 The US National Transportation Safety Board is holding hearings this week on last autumn's American Eagle crash. But some feel it was a disaster that did not have to happen NYT American Eagle Flight 4184 had been holding for 32 minutes in a
      NYT  -  1,368 words
    • Article
      SHIPPING AGENTS
      3253 40 A iIBC C ontainerline NV: Belsin Shpg Agencies Pte Ltd (SVManne Handling Sdn Bhd (PK/PN). Accord Group: Accord Shpg Pte Ltd (SVAccord ontr Line (PK/PN). Adkris Business Corporation Philippine Cahource Shpg A Trdg Pie Ltd (S) Ahrenkiel Liner Service: Kim Shpg Trdg (S). Albatros Sea-Air Service: Frata Shpg
      3,253 words
    • Article
      COURIER SERVICES
      288 40 Abacus Courier* Tel: 545-8011. Fax: 545-1898. Air Express Iravd Tel: 533-5771. Fax: 535-6144. Airborne Freight Corporation Tel: 542-8844. Fax: 542-3716. *****80 Airswift Worldwide Courier Tel: 278-0188. Fax: 273-8283. AJS Supplies Tel: 748-6322 (2 lines). 747-7421. Fax: 742-8975. City-Link International Tel: 344-3377. Fax: 345-6450. Cluster Link Supplies Services Tel:
      288 words
    • Article
      AIR FORWARDERS
      1517 40 A hex Express Freight Td: 542-7171. Fax: *****84. Actinic Forwarder Tel: 225-1833. Fax: *****42. Activair Singapore Tel: 542-7822. Fax: *****20. Aerolink Freight International Tel: 545-8033. Fax: *****05. Aerospeed Tel: 542-5911. Fa*: *****18. Air Cargo Novo Express Td: 542-5454. Fax: *****06. Air Express International Td: 542-7666. Fax: *****74. *****50.
      1,517 words
    • Article
      PORT CONDITIONS
      2300 41 ARGENTINA Diamante, Santa Fe: No vessels berthed, no vessels in roads, no vessels due. San Lorenzo: Six vessels berthed of which 4 loading soya bean meal pellets, I wheat, 1 soya oil, 7 vessels in roads, 14 vessels due at 9 terminals during the coming week. Rosario: One
      2,300 words
    • Article
      SHIP SALES
      877 41 There has been another change of emphasis this week, with the majority of sales coming in the tanker sector. Main developments having revolved around Aframax and Panamax tankers with a number of meaningful deals and plenty of other activity and rumour. VESSELS SOLD FOR FURTHER TRADING Bulk Carriers
      877 words
    • Article
      CRUISE & FERRY SCHEDULES
      1131 41 CRUISE FERRY SCHEDULES CRUISE SHIPS Ait Dep Name of Vessel LI A EID Ports of Calls Port Agent Telephone No MARCH 02 02 Renaissance I Pcnang Renaissance Cruises 222-3388 02 02 Columbus Caravelle Kukup Harpers Shipping 221-1388 02 02 Megastar Taurus Port Klang Jardine Shpg Agcncies 224-1052 03 03 Langkapuri
      1,131 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        477 42 Vessel Voy No Berth Arrival Departure Vessel Voy No Berth Arrival Departure Jurong Port Katmantan 1 7/JS P02 02 03/1030 02 03/2300 $,aln*itra 03/01% II alongside 0203/2300 Kamchatsluy 0>3 96 P06 02 03 0800 0203/2000 Wri tasd 0/ 96 18 alongside 0203/0300 Khay Mar 127 002 P01A
        477 words
      • Article
        CONTAINER SCHEDULES
        1588 42 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Bookin(/Balance Rslts Ship Voy No Etb/Btr Period From To From Ac lade 2278 03/1800 2A 01/1700 02/0659 02/0900 26 01/1700 02/0659 02/0900 02/1200 02/1*59 02/1700 Ac. Rom 0638 03/2359 1A 01/1500
        1,588 words
      • Article
        COCKETT BUNKER MARKET REPORT
        767 42 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
        767 words
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        VERITAS BUNKER QUALITY REPORI
        580 42 Carton Carton Feb 23 Dwvtr «es*e Ash W Swfcnert My a ts Re «due Ash Akimm SeAnent M M Exxon Exxon RG/IT3 V/V M M M M PPM method KG,M*3 t»/» IM/M I M M PPM method GO Owe Lmh Spec 991 1.0 15 0 0.10
        580 words
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        Lock icon Boeing expects airlines to increase plane orders soon
        445 44 Bloomberg Business News SEATTLE The airline industry, after a three-year slump, is poised to start ordering airplanes again, said Rod Woodard, president of Boeing's commercial airplane group. Compared to a year ago, there are few unused airplanes left "parked in the desert"
        Bloomberg Business News  -  445 words
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        Lock icon Denver airport finally opens for business
        465 44 Bloomberg Business News DENVER Denver's US$4.2 billion (Ss6.l billion) International Airport, one of the United States' largest and most expensive public facilities, on Tuesday opened to acclaim following 16 months of delays and a few last-minute glitches. "We are absolutely delighted with the way
        Bloomberg Business News; Reuter  -  465 words
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        Lock icon US analysts predict Feb's vehicle sales up from Jan
        449 44 Bloomberg Business News DETROIT US vehicle sales in February rose as much as 3 per cent on an annualised basis from January, analysts said in advance of sales reports from most automakers yesterday. Annualised February sales will probably reach between 15.2
        Bloomberg Business News  -  449 words
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        Lock icon MAS and World Airways sign lease, maintenance pacts
        190 44 Bloomberg Business News KUALA LUMPUR Malaysian Airline System Bhd (MAS) yesterday signed two agreements with US-based World Airways Inc to lease five planes and maintain part of World's fleet. MAS, which runs Malaysia Airlines, will lease three MD--11 freighter aircraft and two
        Bloomberg Business News  -  190 words
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        Lock icon South Asian airlines agree on technical cooperation
        205 44 AFP COLOMBO A meeting of South Asian airlines here on Tuesday agreed to share their technical expertise and other facilities in a bid to be more cost effective, a spokesman for the fledgling grouping announced. National carriers of the sev-en-nation South Asian Association
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      • LOG BOOK
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          Lock icon China bans night services at airports
          88 44 AFP HONGKONG China has banned night services at several airports, alarmed at the explosive growth of highrises that endanger aircraft, it was reported yesterday. The Civil Aviation Administration of China found that nearly three-fourths of China's 114 airports were found to have "potentially risky"
          AFP  -  88 words
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          Lock icon Chinese Xinjang eyes Fokker planes
          92 44 AP AMSTERDAM, Netherlands The loss-making Dutch regional aircraft maker Fokker on Tuesday signed a letter of intent to sell five Fokker 50s to Chinese Xinjang Airlines, a spokesman said. "Today we signed the letters of intent. We'll do our best to change those into definite
          AP  -  92 words
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          Lock icon Smiths Industries wins Boeing order
          64 44 Reuter LONDON British engineering group Smiths Industries pic on Tuesday said it won a contract to supply Boeing Co with the flight management computer system (FMCS) for the Boeing 737-700 and 737-800. A spokesman for Smiths said the new business should be worth some US$35O
          Reuter  -  64 words
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          Lock icon Cat let out of the mailbag
          67 44 AFP DHAKA A lucky cat used up nearly all of its nine lives when it was accidentally bundled up in a mailbag and transported 44 km in eastern Bangladesh, Janakantha newspaper reported yesterday. The groggy feline was released by postal workers after making its
          AFP  -  67 words
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        Lock icon Midway Air orders 4 Airbus A320s, takes options
        335 44 Bloomberg Business News CHICAGO Midway Airlines Inc ordered four Airbus Industrie A 320 aircraft worth an estimated US$l96 million (SS2B4 million) and took options on another four to expand at its new Raleigh, North Carolina, hub. The Chicago-based low-fare airline said it
        Bloomberg Business News  -  335 words
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        AIRCRAFT ARRIVALS AND DEPARTURES
        1693 44 c*j[ eta nm no_ 55 eta w rre^ Aba MiaM GA985 1105 GF147 1850 Haao4 VN741 1310 VN740 1410 U!n M t Mt893 > 7 05 MI894 1325 !i» GA975 1535 N* CM MM CKy VN741 1310 SQI72 1000 AMatde QF81 1930 QF82 2050 -—r VN74Q
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      20 27 Every Monday to N.EUROPE, RUSSIA, PORTUGAL, HUNGARY, SCANDINAVIA, UNITED KINGDOM. Hotline *****30 For nrxxe information, please refer to Pg. 6
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      26 27 Lines and services represented by Members of the Registry of Accredited LJQjSJ) Shipping Agents, Singapore National Shipping Association. For advertising efxjwfl£s. contact Shipping Times Tel 740-2089/740-2090
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      57 27 PERSONAL FINANCE INVESTMENT Every Saturday in Business Times Liberian shipping fleet grows despite war, Pg 3 FAA under attack over American Eagle crash, Pg 13 Boeing expects airlines to increase plane orders soon, Pg 18 STRAIGHT TALK You shouldn't have to read between the lines to get the full picture.
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      2036 28 f tißTw iMiitwi i I otummrnm'riom 1 1 north ahbuca I r ,!f* oT CALL T COA^ T [J co fy j T!T. c uw Tl, pw ?t pc J !T" 1 qTY curomi UTUM W7l 113 14 KSTI 121 14 114 114 1(4 114 214 214 •mm 1/ 0528
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      Page 28 Advertisements Column 2
      46 28 i m 1 I at* O I oo o I w I I»»» tM MX LEAD BY= It EXAMPLE «W (M t ——t For some of the best examples «Hr of good management, r Enterprise Management. Every Monday. ~9b ft m rn Businesslimes m atom Am
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      951 29 mnwhmrab sßagjssjaiistassagMM aga^^agg^aa ivst/wr ~rw oni smj kwi 55 par~MH dm MM SMMP BMBP^ SfSfSSTLnu. ,52 22 152 22 22/3 21/3 22/3 24/3 WJBAIC I WW w 210 230 dubai cissw I 80 110 2M 122 280 21/3 240 291/3 31/3 MA WALEED CIB7W 130 280 38/3 KIA WALEED CIB7W
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      Page 29 Advertisements Column 2
      394 29 ANL. IT'S AUSTRALIAN FOR SHIPPING TO AUSTRALIA (EAST COAST) FROM AUBTRAHA (EAST COAT) W m ,T0 fl ,u HOl viuiuvor »ro mei tun hoi *t IHpI wo I"" ,WJ IWJ MAJAPAHIT I7N 11«J IMJ M/ 13 15* M/U NAJATAINT MS 02/13 N/13 OSD3 2M3 2M3 FIINDCRS lAY SMI 23/1? MM
      394 words
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      1500 30 R DAM L! SOUTH- PO«T f"'" VESSEL VOY.NO HAMBURG ANTWERP HAVRE AMPTON KELANQ S PORE HKG KAO TVO SHI OSA NAO mhbshbba oareoe 7/2 9/2 yjn. 2/3 3/3 7/3 90 ia/3 14/3 DRESOEN EXPRESS 21/400 11/2 IV2 V 2 V 3 9/3 14/3 IV3 FRANKFURT EXPRESS 78/207 14/2 ]6/2 IV2
      1,500 words
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      Page 30 Advertisements Column 2
      462 30 A lAPOLLON VJ*" P «^f an I APOU ON 5/3 8/3 f**n/Atw/UK/Nw*es I I I Loading lor iSWSMlwtnabee SS!roJISSSS > oa I J W.IS£^SSSS~ WaWWD< I I Loading PAN EXPRESS Los Angeles/Nsw Orleans/ I I BILLIEFAY Los Mm/ I I •Loads E7W Malaysia, Indonesia I I Loading HAEWOO 2 InchorVßusan
      462 words
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      Page 30 Advertisements Column 3
      1260 30 NORASIA I IVSIAOY SIN ALG SCL VA^l3^Bl^»!o^i3^^FE^l!!!^| St MOTIVATOR 588W 31£ 22 22! «M «*9 BJ*4 M*4 M*4 OEM SEA WmATTVE 518W 17*3 06*4 88*4 MAM tM* 09*4 ItV4 11*4 11*4 13*4 NORAS* MALTA Vl6ll-3 22*3 I*4 14*4 15*4 14*4 19*4 19*4 17*4 17*4 18*9 NORASIA KIEL 9612-3 2*83 18AM
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      1491 31 I KK m STRAITS SHIPPING PTE LTD I §3jm 10 Hoe Chiang Road #11-01 Keppel Towers Singapore 0208 Tel: *****88 Fax: *****17 NEW GUINEA PACIFIC LINE jgggp <a service of china navigation co> CARGO OK SAILS C HAG* »22 V9501E Mu«a. lab. KM 01 02 Mar 02 Mar 03 Mar
      1,491 words
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      Page 31 Advertisements Column 2
      2674 31 9 Singapore Agent: X Oft P .Afltj) 1 p& Containers (Singapore Agencies) Pte Ltd T 0 10 Hoc C hiang Road. #07-01 Kcppel Toners, Singapore 0208 Flrst class Connections WORLDWIDE I*™ pnocsp.f«: 225 5327/222 isn export import 83&«r msmz "Stssa iSfess. -S'* Ia I EDINBURGH MAERSK 9504 03/03 04/03 06/03
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      451 32 •cfn JOINT VENTURE WV SAMUDERA INDONESIA SIR RICKMERS win SINGAPORE CHINA i QASA SEPUIUH VOY 3NB 14 FEB QtNGOAO (JtEEN ERA VOf 4MB 13 MAR XINGANG SHANGHAI INDUCEMENT CALL P.KEIANG INDUCEMENT CALL HK, f.GUOANG. BELAWAN. TG MAM XIAMEN. HUANGPU I I I f*n UTAMA HARTA I L v WEEKLY FULL
      451 words
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      Page 32 Advertisements Column 2
      1081 32 HANJIN SHIPPING BOOKING TEL:- *****35-237 OPERATION TEL: *****41-253 SALES TEL: *****30-233 DOCUMENT TEL: *****71-275 FDR VSI SM lIM HAUL SEA TV« POI FDR VSI SM IIM HAU SA» AM WYC HA NAN ELIZABETH OIK 9/3 DMCT 30/3 31/3 1/4 Mttlß* KYOTO 002E 3 3 M rORUAIB 0101 M 7/4 9/4
      1,081 words
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      Page 32 Advertisements Column 3
      1216 32 Imurutwcucnß «i nktsmnoui ae u urc uw «mr» t I C SENTU «/J 12/1 15/3 17/3 20/3 21/3 22/3 73,1 24/3 25/3 S/4 1M 21/4 Ts Ts T. T< T< 2"c 2*. I LMI M/l IS/3 2t/3 22/3 24/3 27/3 21/3 21/3 31/3 31/3 l/« 12/4 »/4 »/J >|J i
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      2077 33 TO MOMBASA AMD AH FK.KHMf/l 9—ral AammtK JM Oiairil. 22*1900 Aimc, Oop« COSTAR CMIPPIMC orr I rn Fu (tovaft ?»IIM Cwifj/iw. *****4 JS44 CwtMMr S« Oporotfe* CmUmt *****15 LUiIMK SHIPPING PTE LTD rw«x: 2«aJO coship OmnmNhoafc *****50 *£J 2 2U!h n **osr<* J»«r »I7QQ Cff No: 117«7«***** M f«c 22*2208
      2,077 words
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      Page 33 Advertisements Column 2
      867 33 HEUNO-A SHIPPING "(KOREAN FLAG) I FUU.Y CONTMNBttZED SERVICE I CTNiBffKM SCRWCE I ■MUtATA SVC I JKT I HKO| PU>[ WC iMOJij I WI MMll —I IjKTj «y{ MKttj WlFl O.OBA I H.M7H 25/02 02/03 00/03 00/03 14/03 11/13 H/03 20/03 WO. 1 DOHAM 10/02 10/*****/031 20/02 10/03 IS/03 OAm 0
      867 words
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      Page 33 Advertisements Column 3
      631 33 <(£ FAMOUS CONTAINER LINES 80 ROBINSON ROAD, #22-02 SINGAPORE 0106 HOT LINE: *****33 (30 LINES) I NEXT GROUPAGE SERVICE TO CHINA ETA: 07th MAR. 95 CONTACT: KEN SIM/ SYLVIA HOT LINE: *****33 (30 LINES) P. KLANG PH: 0203-*****02 (10 LINES), PENANG PH: 0204-*****7 (10 LINES) J. BAHRU PH: 0207-*****22 GLOBEUNK
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      780 34 II VOY SIM JKT 1 VOY BHATRA BHUM 718 S.t I _Ju«T_7/3 L 1 SWA BHUM 8.1 I 4/3 Men 1 «/3 I r*T™ zr-fr— IT, nu,f» S r TTTr-T 1 I THANA BHUM VMN Tu« JJT 9 I SrSi Sf! I Lota JADE i/T Fn 10/3 H I GURU
      780 words
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      Page 34 Advertisements Column 2
      186 34 lAMmnemai racmc Shipping J TIMBER PLYWOOD SERVICE TO U.K./CONTINENT KKU STORE PK LOADING FOR ANANGEL WISDOM SID SID FLU/ROT/MIT/UK WORLD AMPHWN SID SID SID FLU/ROT/ANT/UK MElOt IN FT 12/3 17/3 RU/ROT/ANT/IK loads Sabah/Montua C R NO. **********0H CONTIPAC SHIPPING PTE LTD T«t *****32 Fax: *****49 P*. MULTIPORT SON BHO. TEL:
      186 words
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      Page 34 Advertisements Column 3
      878 34 79 ANSON ROAD, #21-01, SINGAPORE 0207 TELE: *****92 FAX: *****57 CR **********0N PORT KLANG 1 S K LANG PENANG ttssa H2L_ m vtssE TvoTT sii St* LAUWL o? 3 (IHU) 03/3 < f MCC COWVtYQR 5011 03 3 (FRI) 05 3 <WEDj~ 3(SAT) 08 3 (fRp -I^2—. *****5 oV3_ia*j^ MCC
      878 words
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      1162 35 ADVANCE CONTAINER LINES (PTE) LTD J A I 140 Cccil SlrMl, #12-00, PIL Building, 8lnfl«poc« 0106 /A I TEL: *****21, FAX: *****10, TELEX: R8 ***** ACLPL m CR NO. **********0 C I BAMflltriM MMAIMIU If. JAKABTA 1 (8 SMimg. WMh to PAT 1 SaHtaf* to MIT. 1 t«jllm to LCM)
      1,162 words
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      Page 35 Advertisements Column 2
      894 35 KgtlS !EI IE HAWE HAMBURG THAMES NOITEROAM ANTWERP VtlE 01 ITSA "7W 03/03 22/03 24/03 2t/03 27/03 28/03 WIH DC ttl« W7W 11/03 29/03 31/03 02/04 03/04 04/04 WUE PI TITAN* TMW L 7/03 05/04 07/04 09/04 10/04 11/04 Wilt PC iw» 1 I°'* 11/04 13/04 IS/04 l«/ 04 17/04
      894 words
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      Page 35 Advertisements Column 3
      583 35 bsa a. MYANMA wink five star line (Myanmar National Line) Loading for Yanjon (Rangoon) S'pore P.KIf Pen P.Gdf HP* AN V2OBW 08/10 Mar PATMEIN VI3IW IN PT PAGAN V2IBW 10/12 Mar MALAYSIA AGENTS BOUSTEAD SHPPtNG AGENCCS KUL TEL 02 03-*****00 PKI ia 02-03-*****67 PEN TEI 02 04-*****02 PGO: TEL 02
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      698 38 m RICHFIELD MARINE AGENCIES (S) PTE LTD H TEL: *****33 (12 Lines) FAX: *****15/*****03 (Zj TELEX: RS ***** RISHIP (3 Lines) 1 CR NO.: **********0E ITWOfIAM WffWLMEI ACCEPTING FCL AND CONVENTIONAL VtsMi Voy ETA Loading For Sporo Andinet 38WB 12/04 Mombasa. Djibouti Assab, Massawa Abbay Worn 43W8 08/05 Mombasa, Oiibouti
      698 words
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      Page 38 Advertisements Column 2
      493 38 AFGHANISTAN MtM Afghanistan Ltd., HLJH Hairatan. Torghundi. Islamqala (Doqharun) Ewecfc: mwm c.i.s./Russia: Alma Ata, Ashkhabad. Baku. Dushanbe I iU Irkutsk, Khabarovsk, Krasnoyarsk. Korsakov. Moscow, Mllrtzer Ot Mlincfl Novosoblrsk, Sochi, Tashkent, Tbilisi, Vladivostok. Vostochny International Forwarders Mongolia: uiaan Bator N Korea: Pyongyang, Nampo EXPRESS CONTAINER SERVICE TO WEST COAST SOUTH AMERICA
      493 words
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      Page 38 Advertisements Column 3
      195 38 FOONG SUN Y~ SHIPPING (PTE) LTD. WHOLESALE CENTRE. BLOCK 1, #03-10 SINGAPORE 0511 BOOKING/ENQUIRIES CR NO: **********0W TEL: *****55 (12 LINES) FAX: *****16/*****25 TLX: R*****0/***** FSSHIP VESSEL VOY ETA ETD DESTWATION SUN RAY 4/95 4/3 6/3 PLAJU/PALEMBANG NEE DIAK I 5/95 13/3 15/3 PONTIANAK/SMTETE SUN JAVA 3/95 10/3 12/3 BENGKULU/PAOANG
      195 words
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      Page 38 Advertisements Column 4
      383 38 aAWMN CONTAINER LINES, IN6 12K=/\V| A 0* nt MAC -NKL3 SPORE: *****22 (24 LINES) SIOU (064) *****8 KUCHINQ (082) *****3 BANGKOK (062) *****57 MANILA (632) *****61 P.KELANQ: (03) *****77 JAKARTA: (21) *****07 SURABAYA: (31) *****0 I ASIA HKG/TWN/BKKI GENOA/EUROPE PEN PKL SIN 5 SAILINGS/WEEK PEN PK SIN 3/3 Mo HKG/BKK/KEE/KHH
      383 words
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      495 43 I HYUNDAI I MERCHiWTijjABniE CO. LTD. WESTBOUND TO EUROPE BKG: *****61 [pitt i~PKE psd vessels vor SIM rtm ant LEH HAM BREJ fel 01/03 03/03 04/03 SI FREEDOM 315W 06/03 2*703 26/03 25/03 26/03 26/ oF 28/03 08/03 10/03 11/08 H. FRONTtR 315W 13/03 31/03 02/04 01/04 02/04 02/04 04/04
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      Page 43 Advertisements Column 2
      1072 43 STRAITS/ JAPAN/ STRAITS SERVICE MULTI-PURPOSE RORO CARRIER SPECIALIZE IN HEAVY LIFT CARGO UPTO 120 TONS RAMP CAPACITY UPTO 50 TONS In* fro VESSEL VOY SM P* LOAOMG FOR GOlDf* IMM 1 MPT lAKARTA ORCNT LAY 5 4/3 7/1 «m*U» 5 7/1 KARANA SfMBHAN 2 12/3 COSMC PIONEER 43 12/3 lAKARTA
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  • Page 43 Miscellaneous
    • Miscellaneous
      Page 43 Miscellaneous Column 1
      295 43 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 JR 2.6 2.5 2.2 1.7 1.1 0.1 0.6 0.7 0.9 1.5 2.3 2.9 3.0 2.9 2.5 1.9 1.2 0.7 0.4
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