The Business Times, 7 March 1995

Microfilm: NL19814
Total Pages: 48
1 48 The Business Times
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  • Title Section
    Masthead
    12 1 Business Times MITA(P) 194/12/94 Tuesday March 7 1995 WE KNOW ASIA 85'
    12 words
  • Article, Illustration
    Lock icon Currency markets sent reeling as US$ crashes to post-war low
    575 1  -  From Anthony Rowley in TOKYO NEW YORK World currency markets were in turmoil yesterday when the dollar fell to a post-war low against the yen and tumbled against the German mark after buying by central banks last week failed to
    Source: Bloomberg  -  575 words
  • Article
    Sing dollar hits new high
    130 1 SINGAPORE The local dollar ended at a record 1.4385 against the US dollar yesterday, substantially higher than the previous high of 1.4465 on Jan 23. It was a case of US dollar weakness rather than Sing dollar strength, as "there are no domestic factors driving
    130 words
  • Article
    Lock icon Dow down 12
    68 1 Reuter NEW YORK Wall Street stocks fell yesterday as the dollar's latest tumble fuelled concerns that the Fed may raise interest rates to help boost the currency. The Dow Jones Industrial Average was down 12.10 points at 3,977.51 at 1 pm EST. In the broader market, declining
    Reuter  -  68 words
  • Article
    ING gets Barings, will provide £540m fund for creditors
    595 1  -  Employees to get their bonuses From Neil Behrmann BRITAIN'S High Court yesterday approved the takeover of collapsed investment bank Barings by the Dutch bank-insurer Internationale Nederlanden Groep NV. Reuters reported late last night that the court order discharged administrators who had
    595 words
  • Article
    Leeson worth high risks: Barings audit said
    616 1  -  By Conrad Raj SINGAPORE Prior to its collapse, British merchant bank Barings was making so much money from betting on the Nikkei 225 futures that its London directors had begun to wonder if it was all too good to last. They despatched an
    616 words
  • Article
    Lock icon Leeson forged signature for collateral, S'pore says
    162 1 AP FRANKFURT Singapore authorities have accused former Barings trader Nick Leeson of forging the signature of a director of New York-based brokerage, Spear I>eeds and Kellogg, the German state prosecutor said yesterday. Prosecutor Hans-Herman Eckert said a copy of the document was sent
    AP  -  162 words
  • Article
    Leeson denies fax sent by him
    106 1 SINGAPORE Nick Leeson's German lawyer, Eberhard Kempf, told Associated Press Television in Frankfurt yesterday that there was no truth to a Business Times report that Leeson had faxed a handwritten note to his bosses here saying he was close to a nervous breakdown. But
    106 words
  • Article
    Barings has surplus margin deposits with Simex
    285 1 SINGAPORE With all of its open positions now liquidated, Baring Futures (Singapore) has surplus margin deposits with the Singapore International Monetary Exchange, according to a Simex statement last night. Simex said part of the margin funds was returned yesterday to the judicial managers,
    285 words
  • Article
    Clarification
    119 1 IN our story yesterday, "Leeson near breakdown before fleeing", we said that an application was made before Justice Lai Kew Chai on Thursday night to obtain information and documents from key Barings officers in Singapore. Chelva Rajah, lawyer for regional managing director James Bax, clarified yesterday that his client
    119 words
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      89 1 M PREVENTS SWEATY PALMS! pi 1 tnh fe e JIT REALLY WORKS! Available at pharmacies and supermarkets Sim m puei Hold a piece of history at your fingertips Following long-drawn-out negotiations, V the official document recognising the j P.L.O. was signed by Israeli Prime Jr Ik Minister Yitzhak Rabin with
      89 words
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      23 1 Property: Pa u fej Home sweet home for Berjaya sues CS First Boston for Mssoom, Pg 18 Market summary is on Pg 18
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      18 1 ]0 Hock Lock Siew: Pg 19 J Dimmer prospects for Tenaga? More on the Barings debacle, Pg 3
      18 words
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      4 1 ■I 8 7181 *****4
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      86 1 PREVENTS SWEATY SMELLY FEET! i ffSf ftn feat rt n I sSl 1 Available at pharmacies and supermarkets Bottom Line: Pg 18 UK govt cleans up its act Is the US$ falling into the world's gutter? Pg 17 The end of the ERM? PglB m hp M IBr A W
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  • SINGAPORE NEWS
    • EYE on the ECONOMY
      • Article, Illustration
        Lock icon F & B sales up in Sept-Nov
        288 2  - F B sales up in Sept-Nov By Jenny Lam INCREASED merry-making last September to November translated into strong food and beverage (F B) sales for restaurants, pubs and hotel outlets. The latest figures from the Singapore Tourist Promotion Board show September's cess collection to be $1.37 million, almost 10 per
        Source: Dept of Statistics  -  288 words
    • Article
      National agenda limit Asean economic integration: bank
      301 2 EFFORTS by Asean governments to promote economic integration have been limited by differing national agenda, according to a report issued by Deutsche Bank in Frankfurt. The report also argues that closer economic ties within the region would have come about "even without the
      301 words
    • Article
      S'pore software piracy rate is lowest in Asia
      444 2  -  By David Mok MORE than half of the personal computer software in use here last year was illegally copied, but that was the lowest piracy rate in Asia, according to the Software Publishers Association. The SPA, a US-based organisation which represents over
      444 words
    • Article
      Lock icon 2 Underwater World directors fined, disqualified
      407 2 Company funds dishonestly diverted for personal share dealings The Straits Times TWO directors of Underwater World were each given the maximum fine of 55,000 yesterday for not acting honestly in discharging their duties. Tan Chwee Lee, 55, executive director, and his 48-year-old brother Chwee
      The Straits Times  -  407 words
    • Article
      Loophole in car rental law should be plugged: CJ
      441 2  -  By Ramesh Divyanathan A LOOPHOLE in the law which allows non-SZ registered cars to be rented should be plugged. Chief Justice Justice Yong Pung How said recently. He said this in a judgement after overturning a magistrate's decision which convicted a
      441 words
    • Article, Illustration
      Disk drive sales tipped to rise 20.6% this year to 82m units
      475 2  -  By Claire Leow ABOUT 82 million hard disk drives are expected to be sold this year, or 20.6 per cent more than last year, participants in the Asia Computer Storage Conference heard yesterday. Market research shows 68 million
      475 words
    • Article
      US milk powder comes handy as drought hits supplies from Australia
      451 2  -  From Florence Chong in SYDNEY THE DROUGHT in Australia has reduced supplies of milk powder to Singapore by 20 to 25 per cent. Singapore importers who have experienced the cutback in their orders have been told that supplies are
      451 words
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      177 2 BUSINESS TIMES NOTICE TOLL-FREE TEL. No. 1-800-741-1883 FAX:74I-1298 This announcement appears as a matter of record only March 1 995 Bangkok Steel Industry Public Co Ltd U5560,000,000 Offshore Syndicated Facility Arranger Agent Standard Chartered Merchant Bank Asia Limited Arrangers Underwriters Banca Nazionale Del Lavoro, S.p.A., Singapore Branch The Development Bank
      177 words
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      327 2 Monash University The Singapore Institute of Management, in conjunction with Monash University, invites applications for the following Master's programmes: Accounting professionals, executives and accountants who wish to upgrade their accounting degrees or professional qualifications to a Master's level can now do so with the Master of Business (Accounting) programme. The
      327 words
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  • THE BARINGS DEBACLE
    • Article
      Lock icon Leeson told to reduce futures holdings in January: report
      525 3 FT, Bloomberg, Reuter, AFP LONDON Barings executives responsible for controlling risk gave instructions a month before the bank's collapse that Nick Leeson, its Singaporebased trader, was to reduce his holdings of futures contracts. The Financial Times yesterday reported that a meeting
      FT,; Bloomberg,; Reuter,; AFP  -  525 words
    • Article
      BNP surprised at being singled out
      172 3  -  From Anthony Rowloy in TOKYO THE branch manager of Banque Nationale de Paris (BNP) in Tokyo, Anthony Orsatelli, told Business Times yesterday that he was very surprised to see it suggested that BNP was the only outside customer of Baring Futures. Commenting on revelations
      172 words
    • Article, Illustration
      'SAME OLD GAME!'
      44 3 Old Lady of Threadneedle Street: "You've got yourselves into a nice mess with your precious "speculation"! Well, Til help you out of it, for this once!!" (A cartoon from Punch, Nov 8 1890, referring to the Barings crisis of that year)
      44 words
    • Article
      Lock icon ABN Amro will look elsewhere to expand
      439 3 Bloomberg Business News AMSTERDAM ABN Amro Bank, beaten by Dutch rival Internationale Nederlanden Groep in bidding for British merchant bank Barings pic, is poised to consider acquiring other international banks. Barings administrators told ABN Amro executives on Sunday that their bid would not
      Bloomberg Business News  -  439 words
    • Article
      Lock icon Sydney futures exchange to review procedures
      227 3 Knight-Ridder CANBERRA The Sydney Futures Exchange is likely to change some of its administrative procedures as part of a review inspired by the collapse of UK merchant bank Barings. SFE chief executive Les Hosking yesterday said: "I think the changes will be more in
      Knight-Ridder  -  227 words
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      127 3 AUCTION SALE BY ORDER OF THE HIGH COURT Freehold Residential Land near Paya Lebar MRT Sub-regional Centre Jaj Land area: 16,897.3 sm (approx WV/ ff \IV I\' C Plot Ratio up to 2.8 <gross) \l DpD t Date °f Auction: 6 April 1995, Thursday J mf Tiea,re J Venue Ballroom
      127 words
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      15 3 Catch what's news in Goi'VUm't Dm'* Mitt it i« Sunday Clastifitd this tfeakmd. *l' 4
      15 words
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      269 3 Marie France Bodyline Business Times Readers Special! Xj -One week only from 6th to 11th March- rw Take advantage of the benefits. Walk-in or call for a FREE consultation to recieve* 'Limited to first 50 customers. U V A I 1. FREE! One free consultation and Fat Percentage reading 'j
      269 words
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  • SOUTH-EAST ASIA
    • Article
      Lock icon Weak current account not a major worry, says Bank Negara
      416 4 Knight-Ridder, Reuter KUALA LUMPUR Bank Negara says that Malaysia's burgeoning current account deficit is a "transitional phenomenon" caused by high imports of goods needed for industrialisation and therefore is not a major worry. The weak current account is "a transitional
      Knight-Ridder,; Reuter  -  416 words
    • Article
      Lock icon Argentine firm eyes Manila power deals worth US$620m
      310 4 AFP MANILA Industrias Matalurgicas Pescarmona SA of Argentina has said it will invest US$62O million (SSB93 million) in the Philippine energy sector over the next six years. The firm signed a US$3OO million contract yesterday to upgrade two hydroelectric plants with a
      AFP  -  310 words
    • Article, Illustration
      Lock icon Khmer Rouge claims it has encircled Battambang
      289 4 AP PHNOM PENH Khmer Rouge leader Khicu Samphan yesterday claimed his guerillas had encircled Cambodia's second largest city, and other sources said Battambang had been hit by rockets. Speaking on the Khmer Rouge clandestine radio. Mr Khieu Samphan said the provincial capital had
      AP  -  289 words
    • Article
      Lock icon British contractors seek more funds for Pergau dam project
      299 4 Reuter KUALA LUMPUR The British contractors for Malaysia's controversial Pergau hydroelectric dam project want more funding from Malaysia, a government spokesman said yesterday. He said the cost of the estimated MS 1.3 billion (***** million) Pergau project had increased, and British
      Reuter  -  299 words
    • NOTE BOOK
      • Article
        Lock icon Philippine inflation slows to 5.1%
        55 4 Bloomberg Business News MANILA The Philippines' annual inflation rate slowed to 5.1 per cent in February, the smallest rise in more than seven-and-a-half years. The National Statistics Office yesterday said lower electricity and water rates, as well as stable prices for kerosene and liquified petroleum
        Bloomberg Business News  -  55 words
      • Article, Illustration
        Lock icon Underwired briefs?
        57 4 Reuter BANGKOK A Thai crime suppression division (CSD) policeman searching a student who turned out to have a radio receiver in his underwear. The CSD stormed the examination rooms of a university near Bangkok on Saturday and arrested 75 students. The suspects were charged with conspiring to cheat
        Reuter  -  57 words
      • Article
        Lock icon Manila opens cement market farther
        62 4 AFP MANILA Philippine President Fidel Ramos yesterday cut import duties on cement and cement clinker, opening the market further to imports amid a property boom. The presidential palace said: "A sharp increase in the demand for cement makes it imperative to continue the importation of
        AFP  -  62 words
      • Article
        Lock icon Viet inflation hits 18%
        77 4 AFP HANOI Vietnam's year-on-year inflation rate reached 18.4 per cent in the period from February 1994 to last month, giving little hope that the government will be able to contain price rises to under 10 per cent. Inflation in February was 3.5 per cent, down slightly
        AFP  -  77 words
      • Article
        Lock icon Clinton envoy meets Suharto
        72 4 AFP JAKARTA United States President Bill Clinton's special envoy met Indonesian President Suharto yesterday to discuss United Nations sanctions against Iraq, and said it would be wrong to end the sanctions before Baghdad fully complied with UN resolutions. "It would be a mistake to lift or
        AFP  -  72 words
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      32 4 Hthe great vn ASSANS ,SALE^ PURVEYORS OF FINE ORIENTAL CARPETS BKflr #03-01/06 Tanglin Shopping Centre. Tel: 737 5626. Fax: 235 4968. Opening Hours 10 am -7 pm (Weekdays), 11 am spm (Sundays).
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      151 5 giififS!"** j »It THETOWER RESTS ON FOUR ILLUMINATED GLASS CYLINDERS i j i»l«!!!-'"" OUR BRIEF TO WORLD RENOWNED I- «1* ARCHITECT KEVIN ROCHE WAS SIMPLE. Hi Jjjiißf fffSi'-* DESIGN A LANDMARK BUILDING THAT ||||Si!-"*'*"" REDEFINES SINGAPORE'S VISION OF 2 ffis jX J YOULL AGREE, JHE DID A RATHER GOOD JOB.
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  • CHINA/HONGKONG/TAIWAN
    • Article
      Lock icon China to post budget deficit, up 4.5% to 66.7b yuan this year
      418 6 AFP BEIJING China will post a budget deficit of 66.68 billion yuan (SSI 1.3 billion) in 1995, up 4.5 per cent from the previous year. Finance Minister Liu Zhongli yesterday said total revenue will post a 9.9 per
      AFP  -  418 words
    • Article, Illustration
      Lock icon Hongkong's pro-democracy parties sweep municipal polls
      354 6 Reuter HONGKONG Democracy parties beat off a strong challenge from pro-Beijing candidates to emerge victorious in Sunday's municipal elections, Hongkong's last before the 1997 handover to China. The elections were marked by a strong turnout, despite China's pledge to abolish all elected tiers of
      Reuter  -  354 words
    • CHINA WATCH
      • Article
        Lock icon Patten urges Sino-UK cooperation
        91 6 Reuter HONGKONG Hongkong Governor Chris Patten yesterday said he hoped for greater cooperation between Britain and China in preparing the handover of the colony to China in 1997. He was responding to remarks by Chinese Premier Li Peng, who appealed on Sunday to Britain to uphold
        Reuter  -  91 words
      • Article
        Lock icon Fears of inflation in Taiwan
        124 6 Reuter TAIPEI Fears of inflation grew in Taiwan yesterday after the government reported a leap in prices of imported and wholesale goods for the second straight month this year. The central bank moved swiftly to allay speculation in financial markets of another tightening in monetary
        Reuter  -  124 words
      • Article
        Lock icon Hebei woos foreign investors
        82 6 Bernama KUALA LUMfUR The north-eastern Chinese province of I Icbci is ofTcrvMjpontracts for prpjccts worth about (SSB.S billion)4o fdfeign investors, including those from Malaysia, its deputy director CaO yesterday. Mr 'together with a seven-member economic delegation, is on a 15-day visit to Malaysia. The team is
        Bernama  -  82 words
    • Article
      Foreign firms give nod to investment climate in Chinese cities, study shows
      350 6  -  By Schutz Lee SINGAPORE Foreign investors rate the investment environment in major Chinese cities "better than average", a national study has shown. Reporting on the survey, Xinhua News Agency said respondents gave China an overall score of 3.53
      350 words
    • Article
      Lock icon Software piracy flourishes despite Sino-US pact
      131 6 Reuter "fIEIJTNG "software 'tuiflPTJ^EllWWver pitch in Beijing m me fafek since US and Chinese officials defused a trade war with a broad accord to crush such intellectual property violations. In the teeming "hacker z markersjjHhe Zhongguancun'"* comiyefHMStllct near Beijing"" University, there were few signs
      Reuter  -  131 words
    • Article
      Lock icon Taiwan launches centre to coordinate plans for regional business hub
      263 6 AFP TAIPEI Taiwan yesterday officially launched its campaign to transform the island into a major Asia-Pacific business operation centre. Prime Minister Lien Chan said at the opening of the "Asia and Pacific Operation Coordination Centre" that the project was "an
      AFP  -  263 words
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      289 6 British-American Tobacco Company (Singapore) Limited Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that the Fifty-Second Annual General Meeting of British-American Tobacco Company (Singapore) Limited will be held at the Registered Office of the Company, 57 Senoko Drive, Singapore on Wednesday, 29 March 1995 at 11.30 am for the
      289 words
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      198 6 A Feast That's Out Of This World, BHhC Need Not Cost The Earth. FOUR-VARIETY COLD DISH COLD DISH DELUXE LOBSTER COLD DISH MBf BRAISED SHARK'S FIN WITH BRAISED SHARK'S FLN BRAISED SUPERIOR SHARK S FIN CRAB ME AT j ROAST SUCKUNC PIG ROAST SUCKLING PIG 9MpoRS| ROAST j STEAMEDCAROUPA STEAMED
      198 words
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      395 7 BREITLING 1884 f. >•} x t < I 'it:- jyui/S A- w#r<at--ufttM prj OLD NAVITIMER i G Navitimer: On Course and on Time. With Selfwinding mechanical chronograph time a crucial aspect of air travel, the watch IQ^^^^SMgg^Bll^WßKl' 'i«l calibrated to l/sth of a second. wf -HOB— > HHI^ has long
      395 words
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  • REST OF ASIA
    • ASIA NOTES
      • Article
        Lock icon Indian economy to grow at 5-6%
        81 8 Reuter NEW DELHI India's economy will grow by between 5 per cent and 6 per cent a year over the next five years. Standard Chartered Bank's chief economist said. "Timely action on the budget and balance of payments, and continued progress on economic reform
        Reuter  -  81 words
      • Article
        Lock icon Asian visitors to Australia hit record
        78 8 AFP SYDNEY The rapid growth in travel from the booming economies of Asia helped boost tourist arrivals in Australia to another record high of 3.36 million in 1994. Australian Bureau of Statistics figures showed short-term visitors up 12 per cent on the 1993 record
        AFP  -  78 words
      • Article
        Lock icon Tokyo files bid-rigging case against 9
        87 8 AFP TOKYO Japan's Fair Trade Commission (FTC) filed a criminal accusation with prosecutors yesterday against nine electronics firms, including Hitachi Ltd and Toshiba Corp, over suspected bid-rigging for public sewage projects, FTC officials said. Other firms were Mitsubishi Electric Corp, Fuji Electric Co Ltd,
        AFP  -  87 words
      • Article
        Lock icon Quake will not disrupt recovery: BOJ
        49 8 Reuter TOKYO The Jan 17 Kobe earthquake will not interrupt the current moderate recovery of Japan's economy, Bank of Japan governor Yasuo Matsushita told a parliamentary committee. He said Japan's economy has the necessary energy to cope with reconstruction after the earthquake. Reuter
        Reuter  -  49 words
      • Article
        Lock icon Japan phone firms to invest 700b yen
        35 8 Reuter TOKYO Capital investment by Japan's cellular phone operators will be around 700 billion yen (5510.7 billion) in 1995-96, according to a survey by Nihon Keizai Shimbun. Reuter
        Reuter  -  35 words
    • Article
      Lock icon Most private banks agree to join Japan credit rescue plan
      350 8 Knight-Ridder TOKYO Most of the Japanese commercial banks participating in a government-backed bailout scheme for two failed credit cooperatives have already made a formal decision to extend financial aid. A Ministry of Finance official yesterday said 152 private banks had
      Knight-Ridder  -  350 words
    • Article
      Lock icon Aussie imports likely to surge on strong growth
      264 8 Bloomberg Business News CANBERRA Australian imports will continue to surge on stronger economic growth and demand for capital goods. Foreign Minister Gareth Evans, the leader of the government in the Senate, yesterday said the increase in imports was necessary to bolster industrial
      Bloomberg Business News  -  264 words
    • Article
      Lock icon Keating's charges of secret deal untrue, says Packer
      350 8 Bloomberg Business News SYDNEY Financier Kerry Packer denied claims by Australian Prime Minister Paul Keating of a secret deal with the opposition over media laws and said the prime minister should spend his time worry ing about the nation's problems. Mr Packer
      Bloomberg Business News  -  350 words
    • Article, Illustration
      Lock icon No go for election law changes
      63 8 Reuter SEOUL Opposition law makers of the Democratic Party blocking the car of National Assembly speaker Hwang Nak Joo from leaving his home in Seoul yesterday. The opposition members of parliament wanted to stop him from attending parliament to upset a ruling party plan
      Reuter  -  63 words
    • Article
      Lock icon Indian minister dismisses fears of rupee devaluation
      276 8 Knight-Ridder BOMBAY India's Commerce Minister P Chidambaram dismissed fears of a devaluation of the rupee, saying he was satisfied with the exchange rate, the Financial Express reported on Sunday. "The exchange rate today is quite exporter-friendly and adequate," Mr Chidambaram said, adding "please
      Knight-Ridder  -  276 words
    • Article
      Lock icon India probes bank officers over US$158m housing fund scam
      253 8 UPI. NEW DELHI Indian authorities were yesterday investigating three bank officers here for allegedly diverting millions of dollars worth of funds away from housing projects for the poor. The bank officers from the New Delhi branches of the United Commercial Bank
      UPI.  -  253 words
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      274 8 m -v., .> g I The High Life..The High Seas, 1 I The Low Price. I As you sup caviar and sip champagne on board pampered by the experienced international crew as you t§3 one of Asias ultimate luxury cruise skips, you wont leisurely cruise to nowhere or to Port
      274 words
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  • THE WORLD
    • Article
      Lock icon Fund managers nervous amid forex, political uncertainty
      499 9 Reuter LONDON Rapid shifts in foreign exchange rates and political uncertainty in many European countries are combining to keep investment fund money close to home or in cash. "Investors are faced with a dilemma. Do they flee because the currency has fallen, or
      Reuter  -  499 words
    • Article
      Lock icon Russian leaders confer to draft tough anti-crime law
      231 9 Reuter, AP MOSCOW Russia's top leaders, under pressure to take action over the murder of a popular television personality, yesterday prepared to assuage public anger with a package of anti-crime measures. President Boris Yeltsin was to chair a Kremlin session of the
      Reuter,; AP  -  231 words
    • WORLD WATCH
      • Article
        Lock icon Dim hope for US medical head nominee
        75 9 Bloomberg Business News WASHINGTON The nomination of President Bill Clinton's pick to become US Surgeon-General, Vincent Foster, is in "trouble" on Capitol Hill, said Republican Senator Trent Lott. Dr Foster, under fire from right wing Republicans for performing abortions, also faces questions over
        Bloomberg Business News  -  75 words
      • Article
        Lock icon Barre not in French presidency race
        68 9 AFP PARIS Former premier Raymond Barre announced yesterday he will not stand in forthcoming French presidential ballots, saying he could not implement his own policies if elected. Mr Barre added that he did not want to confuse an already complicated political situation, in which
        AFP  -  68 words
      • Article
        Lock icon Disney on piracy watch in Italy, China
        84 9 AFP BURBANK, California One of the major victims of the counterfeiting of US videos and music, the Walt Disney Company, is watching a recent agreement with China very closely, and pushing for action on Italy. "It will all depend on how they implement
        AFP  -  84 words
      • Article
        Lock icon Dole may quit as Majority Leader
        62 9 Bloomberg Business News WASHINGTON Senator Robert Dole said he would consider giving up his Majority Leader post if he wins two early primaries in next year's presidential race. Appearing on CBS' Face the Nation. Mr Dole said that if he wins primaries in lowa
        Bloomberg Business News  -  62 words
    • Article
      Lock icon Berlusconi may back budget on condition of early polls
      220 9 Reuter ROME Italy's former prime minister Silvio Berlusconi, under fire for rejecting an emergency budget vital for the survival of his successor, says he may reconsider it in exchange for a promise of early elections. A centre party in Mr Berlusconi's
      Reuter  -  220 words
    • Article
      Lock icon Call for social contract to free world from poverty
      249 9 UN World Summit on Social Development AFP COPENHAGEN The first summit conference on social development began yesterday with a call from United Nations secretary-general Boutros Boutros-Ghali for "a new social contract" to free the world from poverty. Mr Boutros-Ghali told delegates
      AFP  -  249 words
    • Article
      Lock icon Republicans' pet projects worth US$3b escape spending axe
      409 10 Los Angeles Times WASHINGTON Republicans in the House of Representatives, who have proposed slashing programmes for children, veterans, the poor and elderly, have left virtually untouched nearly US$3 billion (554.3 billion) in their own pet pork-barrel projects, according to internal documents of
      Los Angeles Times  -  409 words
    • Article
      Lock icon Govts' inaction makes environment pact a joke, says World Watch
      387 10 AP WASHINGTON Governments pursuing business-as-usual environmental policies are turning a 1992 treaty to curb global warming into "an international joke", according to World Watch magazine. The 166 countries which signed the Rio de Janeiro pact should "face the reality that,
      AP  -  387 words
    • Article
      Lock icon Non-executive directors in UK may lose share options
      365 10 Financial Times LONDON The British government will this week take its first step to curbing excessive boardroom salaries and perks by seeking to exclude non-cxcc-utivc directors from share option schemes operated by their companies. Amid growing controversy over the high salaries and
      Financial Times  -  365 words
    • Article, Illustration
      Lock icon A meteorite story full of holes
      71 10 Reuter SEEFELD, Germany Residents of this Bavarian village 50km from Munich on Sunday crowding round a 8m deep by 20m wide crater that was said to have been caused by a meteorite the day before. It turned out that the big hole was not
      Reuter  -  71 words
    • Article
      Lock icon Paris to underwrite 100b francs for Credit Lyonnais
      286 10 Financial Times PARIS The French state is to underwrite more than 100 billion francs (SS29 billion) of the loans of Credit Lyonnais, the loss-making governmentcontrolled bank, as part of a second restructuring package that may be announced this week. The new package
      Financial Times  -  286 words
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      Page 9 Advertisements Column 1
      131 9 Your unique opportunity to meet the whole industry under one roof. a. \r Exhibition Entrance A View the latest developments FREE A Source new products and services Doors Open Daily 9.00 a.m. 5.30 p.m. A Make lasting business contacts (Trade Only) BE AT THE FOREFRONT OF THIS DYNAMIC MARKET This
      131 words
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      Page 9 Advertisements Column 2
      122 9 f f CLUB FLOOR 1 ml It' 11 1 Space in the foyer. Space in the Bilj j|j appointed The reason less rooms on the Omni Continental H H B 11 I Club floor than on any other executive nSI iflHl S° you get more privacy, more aK9E elbow room,
      122 words
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      55 10 We to Sheraton Towers rather more than your for They as as every unpredictable request true Sheraton SHERATON NOTHING IS PUT they J. busy to go for a to arrange a Your or ITT Sheraton Hong Kong SHANGHAI ASIA: BANGALORE BANGKOK HONG KONG MADRAS NE I DELHI SF.OIL SHANGHAI SINGAPORE
      55 words
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  • PROPERTY & CONSTRUCTION
    • Article, Illustration
      Malaysians in S'pore snap up properties back home
      302 11  -  Because of its proximity, Johor is especially attractive to M'sians buyers here. Amy Balan reports Amy Balan EVEN AS Singaporeans are busy buying up Malaysian properties marketed in Singapore, Malaysians residing in Singapore are happily snapping them up. Amos Koh, managing director
      302 words
    • Article
      PROPERTY WATCH
      343 11 Selected transactions in the past week %?«£tk>n P*** JndilrMfrqfl) T nur TsT PffiVATE Feb 27,1995 1954 Parry Park Terrace 2529/1700 999 1,525,000 897 Feb 27,1995 1544 Neptune Court Condo apt 1350 99 560,000 415 Feb 28,1995~ 1545 La SaHeSt Detached 3000/7400 FH 3,830,000 518 Mar 1,1995 1542 CarpmaeIRd
      343 words
    • Article
      Lock icon HK govt's policy on office land under fire
      167 11 Knight-Ridder THE Hongkong government should withdraw industrial/office sites on offer in land auctions this year rather than sec them fail, auction review committee member Nicholas Brooke was quoted by the Hongkong Standard as saying yesterday. "They just seem to be going through
      Knight-Ridder  -  167 words
    • Article
      Geylang land auction expected to attract the big players
      465 11  -  But benchmark prices unlikely in view of looming supply overhang. AJ Leow reports AJ Leow A1.7-hcctare land parcel to be put up for auction in Geylang next month by the High Court is expected to attract strong interest from the major
      465 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      118 11 v dfffa tiftVJ* I w4 HERMA Reinforcement Rings repair torn or frayed ring mmmmmmmmmmrna^^^^ binder holes instantly. They're also ideal for strengthening Neat, dependable application Transparent 250 013 5896 important documents. Absolutely tear-resistant Transparent 1000 013 5897 la practical cartfloard Otpantars (Inner 0 5 mm) Sole Agent: AltmOPteM A Blk
      118 words
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      Page 11 Advertisements Column 2
      192 11 LARGE FREEHOLD INDUSTRIAL DEVELOPMENT SITE FOR SALE Land Area 44,930.7 sq m (483,634 sq ft) approx FOR SALE I Location: Woodlands Road/Bukit Timah Expressway Freehold Title BY TENDER I Ideal for Flatted or Landed Factory/Warehouse Use Excellent Exposure Closing date: Close to Amenities, Good Accessibility 28 March, 1995 Viewing Strictly
      192 words
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  • PROPERTY
    • Article
      Lock icon Sungai Buloh sheds its village image
      822 12  -  The shanty town in Selangor is turning into a sophisticated township. Rosliwaty Ramly reports Rosliwaty Ramly Bernama SUNGAI Buloh the name is synonymous with the leprosarium, the übiquitous nurseries and cottage industries or even the Bright Sparklers fireworks tragedy. However, with the emergence of
      Bernama  -  822 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      674 12 Steamers Maritime Holdings Limited (Incorporated in the Republic of Singapore) 1. UNAUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 1994 The Directors advise the following unaudited results of the Company and the Group for the year ended 31 December 1994 COMPANY GROUP 1994 1993 1994 1993 $'000 $000 $'000 $000
      674 words
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      Page 12 Advertisements Column 2
      577 12 >£J Singmarine Singmarine Industries limited (Incorporated in the Republic of Singapore) 1. UNAUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 1994 The Directors of Singmarine Industries Limited advise the following unaudited results of the Company and the Group for the year ended 31 December 1994 COMPANY GROUP 1994 1993 1994
      577 words
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      Page 12 Advertisements Column 3
      61 12 Prime Office/Retail Space For Sale Most talked-about building in Shanghai Completed 1994 Existing tenants include jardine Fleming, Shimizu Corp, Hitachi Zosen, Sumitomo Corp. Metal Industries Whole floors available Suitable for owner-occupation or investment (expected yield 13.7%) No capital gains tax For details, contact Tel: Z*****0 Fax: *****18 Mr Jimmy Lee
      61 words
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  • SPORTS
    • Article, Illustration
      Lock icon Shades of Forrest Gump as Faldo wins Doral-Ryder
      663 13 Golf NYT MIAMI All day long Nick Faldo, Greg Norman and Peter Jacobsen traded blows and the lead as they struggled around a Blue Monster course that had been awakened by the wind. And just as it always seems to do here,
      NYT; Reuter  -  663 words
    • Article, Illustration
      Lock icon OneAustralia sinks in day of disaster
      572 13 America's Cup AFP SAN DIEGO Strong winds and heavy seas on Sunday caused the most destructive day in the 144-year history of the America's Cup with one Australia sinking, France 3 losing its mast and other yachts suffering damage. Although all 17 people aboard
      AFP; Reuter  -  572 words
    • Article
      Lock icon Germany's Cejka lands three-stroke victory
      230 13 AP LEPE, Spain Alexander Cejka of Germany became the fourth first-time winner on the PGA European Tour in five weeks on Sunday, shooting a hnal round 2-under-par 69 for a three-stroke victory in the US$4BO,OOO (*****.000) Andalucia Open. The 24-year-old Czech-bom Cejka, who has never
      AP  -  230 words
    • SPORT SHORTS
      • Article, Illustration
        Lock icon Athletics
        144 13 AFP MONACO The lAAF accused the United States of threatening the very future of athletics here on Sunday after it cobblcd together a star-less team for the World Indoor Championships. The line-up without the likes of such world names as 400 m world record holder Michael Johnson. three-times Olympic
        AFP  -  144 words
      • Article, Illustration
        Basketball
        39 13 NEW YORK NBA on Sunday: Miami 103 Washington 90; New Jersey 99 Milwaukee 94; San Antonio 124 Houston 103; Golden State 112 Phoenix 122; Orlando 113 Atlanta 111 (OT); Sacramento 88 Charlotte 80; LA Lakers 105 Minnesota 102.
        39 words
      • Article, Illustration
        Lock icon Cricket
        200 13 AFP AP AUCKLAND An assertive 89 by wickctkeeper Adam Parorc helped New Zealand to creep into a first innings lead yesterday in their centenary test against South Africa here. At stumps on the third day. New Zealand had moved to 316 for seven in reply to the South African
        AFP; AP  -  200 words
      • Article, Illustration
        Lock icon Golf
        213 13 AP Reuter NEW DELHI Canadian Jim Kutlcdge tired a final round four-undcr-par 68 to win the Indian Open by four shots on Sunday. Kutlcdge shot five birdies, but dropped a stroke at the par-three 12th to finish with a 280 total and missed a chance to equal the 72hole
        AP; Reuter  -  213 words
      • Article, Illustration
        Motor-racing
        42 13 MIAMI lnd>-car Miami Grand Prix on Sunday: I Jacques Villcneuve (Can) 90 laps. 82.801 mph (132.481 kph) 2 Mauricio Gugelmin (Bra) at l.o2secs 3 Bobby Rahal (US) same lap 4 Scott Pruett (US) same lap 5 Christian Fittipaldi (Bra) same lap.
        42 words
      • Article, Illustration
        Lock icon Tennis
        258 13 AFP AP SCO'ITSDALE, Arizona Jim Courier survived another stunning upset bid by Australian qualifier Mark Philippoussis here on Sunday. taking a 7-6 (7/2). 6-4 triumph in the US$7OO,OOO ATP Arizona Championship finals. Courier won his 16th career crown and second of the year in 89 minutes. The former world
        AFP; AP  -  258 words
      • Article, Illustration
        Yachting
        113 13 SAN DIEGO America's Cup 4th rd trials on Sunday Challenger series (each victory worth foe points): Team New Zealand (Peter Blake) retired when One Australia (John Bcrtrand) sank; Rioja de Espana (Pedro Campos) b France 3 (Marc Pajot). which retired; Sydnev 95 (Syd Fischer) b Nippon (Makato Namba) by
        113 words
    • Article, Illustration
      Lock icon Sampras wins friends, loses games
      918 13  -  By Robin Finn NYT NEW YORK He's fast becoming the Gilbert Grape of his sport: What's eating Pete Sampras, and why can't he seem to win a tennis tournament anymore? Just a year ago. Sampras didn't just appear invincible, he actually was. With the exception
      NYT  -  918 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      336 13 MF&lline ENGLISH NUMBER Children's Funland I The Great White Planet 910 0001 Usborne Book Line The Bath Assault 910 0002 Horse Racing Results 911 0001(*) 4D/S Weep/Toto Draw No 952 911 0002(*) Tele-GameS Crack The Safe A Mrs Wizards's 911 0003 Crystal Ball 7 Mensa Line Brain Hunt '95: Puzzles
      336 words
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  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      990 14 Noll HIM? A Bwl- H fciyfl WHERE t wine, dine and entertain OP L L Homecooktd j§S 10 Varieties of Pasta And all-time Italian favourites J i Jg| antipasti, pizza and puccia. PASTA FRESCA DA SALVATOftE PTE LTD mm I 30Bwtajay,S(0104)(Open84hoursXTcfc*****83/*****10 S' P (He 833 ItoyflMle Wat Timah Rd, §01-02/03
      990 words
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      Page 14 Advertisements Column 2
      320 14 The Day You Dinf At Triple 3. Be Prepared To Have A Very Light Breakfast. Skip breakfast altogether for a sumptuous buffet c at Triple 3, an irresistible spread featuring some 5 60 hot and cold dishes, plus tempting desserts. Call _S_ us now to make your reservations at 831
      320 words
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  • LIFESTYLE
    • Article, Illustration
      Lock icon A study in Vitalogy
      712 15  -  Pearl Jam was brilliant at best, messy at worst, but Christopher Toh was mesmerised nevertheless Christopher Toh There was a strange buzz in the Indoor Stadium on Friday night as fans and poseurs waited impatiently for Pearl Jam to appear on stage. In fact, the grungiest
      Photo by David Tan of The New Paper  -  712 words
    • Article
      A prancing, dancing Mowgli
      338 15  -  First there was the book, then the cartoon and recently, the movie. Next Mowgli will put on dancing shoes for SDTs version of The Jungle Book, reports Corinne Kerk Corinne Kerk RUDYARD Kipling's The Jungle Book, which tells the tale of a little boy raised in
      338 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      403 15 WHERE TO WINE, DINE AND ENTERTAIN Olde English Eating House 277 Orchard Rd #02-38 Specialists' Centre S (0923) CM) PASS! n When you spend $25/- or more at Fosters for lunch or afternoon tea from Mon-Sat, show us your valid daily or monthly CBD pass S2J- will be refunded. Specialized
      403 words
  • Page 15 Miscellaneous
    • Miscellaneous
      Page 15 Miscellaneous Column 1
      334 15 Singapore M*-PacMc M/IV Cm*. larap* «/U* Cmt. Buenos tan 26/17 Swwy Auckland 22/14 Cloudy Amsterdam 05/01 Showers Chicago -4/-9 Cloudy Bangkok 35/27 Sonny Athens 19/14 Ran Honolulu 25 20 Ran Beijing 06/01 Cloudy Bertn 04/2 Showers Houston 13/07 Cloudy Bombay 30/19 Sumy Bonn 06/02 Showers Las Vegas 21/11 Cloudy Bnjrei
      334 words
    • Miscellaneous
      Page 15 Miscellaneous Column 2
      740 15 TV RADIO The Nature Of Things, 9pm, Ch 12 ''^■BrtttH M p^ l »v Exotic species have invaded about every habitat on looks a-i. J the consequences of introducing a species foreign enAmityville 1992: It's About Time, i "^*l 11pm, Ch 5 A A possessed mantel clock ter- w rorises
      740 words
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  • Article
    Japanese reform has to proceed
    464 16 EDITORIAL THE DRIVE towards deregulation and administrative reform in Japan appears to be faltering in the face not only of fierce and predictable bureaucratic opposition but also because of cultural ambivalence over the degree to which individual and collective activity economic and social should be
    464 words
  • WHAT THE OTHERS SAY
    • Article
      Lock icon The America everyone likes
      320 16 The Straits Times March 6 TWO KEY DEVELOPMENTS last week should help reassure those troubled by the recent drift of American defence and foreign policy. On Monday, the US Defence Department released its East Asia Strategy Report, in which it pledged to maintain a 100,000-strong military
      The Straits Times March 6  -  320 words
    • Article
      Prudent budget for better future
      79 16  -  Berita Harian SOME have described the 1995-96 budget as prudent yet generous, unspectacular yet farsighted. What is clear from the budget is that the government is wary of the possibility of economic overheating. The budget shows that the government has given away quite a lot,
      79 words
    • Article
      Foster realistic expectations
      185 16  -  Lianhe Zaobao BY AND LARGE, the issue that students nowadays are most concerned with is how to get hold of the good things in life. The problem is that many who were born or grew up in the '70s and '80s have come to take what they
      185 words
    • Article
      Lock icon Open justice
      186 16 South China Morning Post March 4 ONCE AGAIN, the Bill of Rights is having a liberalising influence on the law and the territory's judicial procedures. Last October's public controversy over whether a District Court judge had gone too far in ordering an entire incest trial to be heard
      South China Morning Post March 4  -  186 words
    • Article
      Lock icon An educational approach
      178 16 New Straits Times March 5 A WELL-KNOWN educationist once said that "evaluation is not to prove, but to improve". On the other hand, there also is much truth in the old proverb that "the proof of the pudding is in the eating", which means that results count,
      New Straits Times March 5  -  178 words
    • Article
      Lock icon Unnatural deaths
      111 16 The Nation March 3 WHEN THE Suharto government appointed the board of Indonesia's National Human Rights Commission more than a year ago. many observers expected the body to be a tame one. Quite unexpectedly on Wednesday, the commission challenged the all-power-ful armed forces when it accused the military
      The Nation March 3  -  111 words
  • Article, Illustration
    Powering its way out of the economic doldrums
    966 16  -  As Benazir Bhutto flies into town today, Farhan Bokhari takes a look at how the Pakistani economy is faring and the daunting challenges it faces Farhan Bokhari The writer is an Islamabad-based journalist who contributes to BT PAKISTANI Prime Minister Benazir Bhutto,
    966 words
  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      263 16 4 (VuiiiTrti IN-DEPTH wmm business WMnewsftom SINGAPORE PERSPECTIVE [jjH Business has covered the local and regional business scenes with more depth J Mr/Mrs/Iyks^: Occupation: and breadth from a perspective which is J company more relevant to local businessmen than > Dept: Age: any other publication. Some may call it j
      263 words
  • Page 16 Miscellaneous
    • Miscellaneous
      Page 16 Miscellaneous Column 1
      45 16 rl^mptpc,/Tuc nnoGnmo p»rreß iHe.\ •wVDRhInJG, feasTOU)) Dov->4 ir4 rvVhTrCJ? J x m -^r^r AMocureo NnwAnm ltd, imz-ims 939Q DOONESBURY GARRY TRUDEAU f\FNEWIWIAHGHSCHOOL.\ ESPECIALLY THE PROM' DO II 111 I IriEAN, DO YOU REALLY PRJNCJPALGiNGMCHi D&& WTH/NK LOCAL TAXPAYERS FUH 7 SOs f£Ss S|®s> «SSS» t
      45 words
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  • ANALYSIS
    • Article, Illustration
      Lock icon Is the US$ falling into the international gutter?
      1548 17  -  After losing almost 12% of its value against the yen and the mark in 1994, the greenback is on a slide again. Leon Hadar discusses the US dollar's eroding popularity as the anchor of the global currency system and says the Fed
      Reuter  -  1,548 words
    • Article
      Lock icon The Silicon Valley spirit takes root in Israel
      1014 17  -  Julian Ozanne describes how the Israeli high-tech revolution came about, and examines its prospects and limitations Julian Ozanne FT IN science parks and industrial zones across Israel, dozens of dynamic new companies are driving the Jewish state towards an era of high-technology
      FT  -  1,014 words
  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      255 17 NOW MEN CAN HAVE GREAT LOOKING SKIN There was such an overwhelming response to our previous promotion we're now holding another for male executives who want their skin to look great. Now, with the advances made in skin care from Men's Skin Center, it is possible to diminish the look
      255 words
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  • Article
    MARKET SUMMARY
    170 18 Stock market indices Monday Change STII 2,126.99 -6.01 K.LSE Comp 953.40 -26.24 Nikkei 17,040.72 +1.10 Hang Seng 8,093.91 -91.24 SET Index 1,235.73 -26.60 Jakarta Comp closed Manila Comp 2,456.54 -31.98 Taipei WPI 6,474.94 -55.80 Seoul Comp 933.44 +14.29 Bombay BSE30 3,540.76 +12.40 CLSA China B 818.05 +1.32 Aust
    170 words
  • Article, Illustration
    Lock icon Devaluations by Spain, Portugal may spell end of ERM: analysts
    489 18 Reuter LONDON Devaluations by Spain and Portugal could finally spell the end of the current European Exchange Rate Mechanism (ERM) and further delay the introduction of a single European currency, market analysts said. The European Union's monetary committee, meeting at
    Reuter  -  489 words
  • Article
    Lock icon Thieves steal M$20m valuables from KL bank
    169 18 Reuter, Bernama KUALA LUMPUR Burglars tunnelled into the strong room of a Malaysian bank and escaped with more than Ms2o million (S$ 11.4 million) worth of valuables over the weekend. Bernama yesterday said more than 723 safe deposit boxes were emptied at a
    Reuter,; Bernama  -  169 words
  • Article
    Berjaya sues CS First Boston for M$500m over swap deals
    585 18  -  From Ho Kay Tat in KUALA LUMPUR BERJAYA Industrial Bhd and subsidiary Berjaya Corp (Cayman) Ltd are suing CS First Boston for a total of Mssoo million (Ss2B6 million) over soured interest rate swap deals that the Malaysian companies claimed
    585 words
  • Article
    Lock icon Sale of Russian state firms to raise 9.1 trillion roubles
    250 18 Financial Times LONDON The Russian government has unveiled plans to realise 9.1 trillion roubles (Ss3 billion) from the sale of shares in more than 100 stateowned companies, in a move designed to affirm that its privatisation programme remains on course
    Financial Times  -  250 words
  • Article
    Lock icon Talks to iron out snags in Pakistan's power plant
    303 18 Reuter KARACHI Pakistan is to hold talks with Hongkongbased tycoon Gordon Wu this month to try to iron out snags delaying an US$B billion (SS 11.5 billion) coal-fired power project. Officials said Water and Power Minister Ghulam Mustafa Khar would lead
    Reuter  -  303 words
  • Article
    Lock icon Taiwan's Titan asks KL to lift import licensing curbs on chemicals
    342 18 Reuter KUALA LUMPUR Taiwan's Titan Group, which has a petrochemical complex in Johor state, has asked Malaysia to lift import licensing requirements for polypropylene and polyethylene resins. Titan. Malaysia's sole supplier of polyethylene and one of only two of
    Reuter  -  342 words
  • Article, Illustration
    Re-examining the ethos of UK ministerial responsibility
    775 18  -  The Bottom Line NEVILLE STACK NEVILLE STACK The writer is a UK-based journalist who contributed this commentary to BT IT started as an attempt to deflect an opposition attack from scoring at the height of the British government's most recent sleaze crisis. But
    775 words
  • Article
    Lock icon EU ministers favour 1996 Asia summit
    129 18 AFP BRUSSELS The European Union favours holding a EuroAsian summit meeting in the first half of next year at the latest, EU foreign ministers said yesterday. Responding to a suggestion by Singapore last October, the 15 EU foreign ministers said such a summit meeting
    AFP  -  129 words
  • Page 18 Advertisements
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      Page 18 Advertisements Column 1
      45 18 Ouccess ENSURED BY THE RIGHT CHOICE 1 FOR SALE BY TENDER Bungalow Site In Bukit Tiliiah Vicinity 999 years Site Area 34,742 sf (approx.) Suitable for 2 bungalows Closing date 14 March 1995, Tuesday at 3 pm. For information tender documents, contact Sole Marketing Agent
      45 words
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      Page 18 Advertisements Column 2
      115 18 Distributor for Nitsuko Keyphone Systems A EPABX: SifttfApOßE SINGAPORE COMMUNICATIONS COM**- EQUIPMENT CO PTE LTD Tel 273 7080 ■Every Call Is A Commitment! FREEHOLD CONDOMINIUM LAND I AT FARRER ROAD, DISTRICT 10 I Property 8 Townhouses and a Bungalow (Lots 456 1315 Mukim 2) FOR SALE Land Area 4,499.6 sqm
      115 words
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  • COMPANIES & MARKETS
    • Article
      Singapore Telecom sells its entire 24.5% stake in SkyTel
      397 19  -  By Lee Han Shih SINGAPORE Singapore Telecom (Sing Tel) has sold its stake of 24.5 per cent in SkyTel, a move that suggests the biggest listed company in Singapore might be bowing out of the highly competitive Hongkong paging market. A
      397 words
    • Article
      Singmarine, Steamers improve earnings; KIE disappoints
      562 19  -  By Ramesh Divyanathan SINGAPORE Keppel Group's Singmarine Industries Ltd and Steamers Maritime Holdings Ltd have turned in an impressive set of results for 1994. But Keppel Integrated Engineering (KJE) disappointed analysts, performing below expectations. The three companies' annual results were released in separate statements
      562 words
    • Article
      Loans boom lifts Keppel Finance profit 53%
      280 19 SINGAPORE Keppel Finance yesterday announced group net earnings of $18.6 million for the year to Dec 31, 1994, up 53 per cent from $12.2 million in 1993. The Keppel Corp listed arm said strong loans growth lifted operating income 30 per cent to
      280 words
    • Article
      Warehousing operator CWT posts 8% profit rise
      312 19  -  By Quak Hiang Whai SINGAPORE Stronger sales in warehousing and transportation services and better performance by associated companies helped lift net earnings of CWT Distribution for 1994 by 8 per cent to $7.61 million. This was slightly below the consensus of 11 per
      312 words
    • Article
      More power will dim prospects for Tenaga
      642 19  -  HOCK LOCK SIEW By S N Vssuki SINGAPORE Stockbrokers are finding it increasingly difficult to recommend a buy on Tenaga Nasional's shares, whose price has been languishing around the Mslo (555.65) level since the start of the year. The majority view is that
      642 words
    • Article
      UOB arm expects new CPF-approved unit trusts to raise $100m
      271 19  -  By Shiv Taneja SINGAPORE UOB Asset Management announced yesterday the launch of two CPFapproved unit trusts. Managing director Daniel Chan said he expected them to raise a total of $100 million during the launch period that runs from today to
      271 words
    • Article
      DBS buys 20% stake in Philippine investment house
      145 19 SINGAPORE DBS Bank has taken a 20 per cent stake in an investment house in the Philippines. The Singapore bank said yesterday it bought the stake in the Investment Capital Corp of the Philippines (ICCP). DBS declined to give details of the
      145 words
    • EYE on your STOCKS
      • Article, Illustration
        MARKET MOOD Mixed
        47 19 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 GK Goh, Kay Hian. Morgan Grenfell, OngCo, Nomura, Phillip, Smith New Court, Wl Can andSG Warburg.
        47 words
      • Article, Illustration
        HOT STOCK
        86 19  -  Quak Hiang Whai AMALGAMATED Industrial Steel has been one of the best performers in the past month, surging from around $2.50 to a high of $4.10. As a result, the stock has traded into overbought region on both the daily and weekly charts. Daily MACD also shows limited
        86 words
  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      325 19 NEWS VALUE S$ hits record against US$ (pg 1) Bad for Singapore companies with significant overseas income. Berjaya sum CS First Boston for Mssoom over strap doals (pg 18) Negative impact may extend beyond Berjaya to other speculative stocks. Singapore Telecom sells Its entire 24.5% stake in Sky Tel (this
      325 words
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  • COMPANIES
    • COMPANY BRIEFS
      • Article
        SCS sues Canadian firm for S$1.2m
        63 20 SINGAPORE Singapore Computer Systems (SCS) has started legal aetion to elaim SSI.2 million from Howe Agra Limited in Ontario, Canada. This sum is for money due under its subcontract with Howe Agra and for damages for breach of contract. SCS, in a statement last
        63 words
      • Article
        Oakwell in new joint venture
        81 20 SINGAPORE Scsdaq-listed Oakwell Engineering and M I Electric Industries have formed a joint venture. The new joint venture firm, known as M I Electric Far East, has an authorised capital of $1 million. Oakwell Engineering holds 51 per cent and M I Electric Industries 49
        81 words
      • Article
        Cerebos managing director to retire
        52 20 SINGAPORE Jim Skinner will retire as managing director of Cerebos Pacific when his contract expires in October, the company announced last night. On his retirement in Australia, Mr Skinner will remain on the Cerebos Pacific board as non-execu-tive director. He will become the chairman of
        52 words
      • Article
        Omni Mold completes property sale
        37 20 SINGAPORE Omni Mold last night announced that the sale of its property at 15, Gul Link has been completed. This transaction has resulted in an extraordinary gain of $384,055 for the company.
        37 words
      • Article
        KFC (M)'s EGM adjourned again
        106 20 KUALA LUMPUR KFC Holdings (Malaysia) Bhd's extraordinary general meeting set for March 11 was adjourned indefinitely by the High Court yesterday. The meeting was adjourned for the second time when Justice Richard Talalla decided that the court required more time to consider several issues that
        106 words
      • Article
        Corrections and clarifications
        37 20 IN A Business Times feature yesterday on corporate earnings, the forecast for HL Finance's 1995 earnings was shown wrongly as $35.9 million. The correct figure is $84.8 million. We are sorry for the error.
        37 words
    • Article
      Shinawatra's payout to Thai govt jumps 67% to 6.2b baht
      417 20  -  From Loh Hui Yin in BANGKOK THE Shinawatra telecommunications group, whose found-er-owner resigned from his cabinet post because of his company's state concessions, contributed 1.88 billion baht (S$ 106.9 million) in concession fees to government coffers last year. Including income
      417 words
    • Article
      Lock icon Public Finance enjoys 81% leap in earnings
      295 20 Bernama KUALA LUMPUR Public Finance Bhd has reported another profitable year with company pre-tax profit surging 81 per cent to M$ 110.4 million (Ss62 million) for the year ended last Dec 31. Chairman Thong Yaw Hong said in a statement that total assets
      Bernama  -  295 words
    • Article
      Lippo Group to launch share shops for small investors
      404 20  -  From Maggie Ford in JAKARTA INDONESIA'S Lippo Group is to launch a major effort to introduce stock market trading to small investors, coinciding with the switch to computerised trading this month at the Jakarta Stock Exchange. The conglomerate, which specialises in
      404 words
    • Article, Illustration
      Lock icon Tanker contract all shipshape
      53 20 Reuter (UALA LUMPUR Arimn Alias (centre), managing director of Malaysian International Shipping Corp, with CH Cho left), senior vice-president of South Korea's Hyundai Ileavy Industries and KS Lee, Hyundai's KL branch general manager, after signing a contract yesterday for the construction of two 30,000-tonne palm oil
      Reuter  -  53 words
    • Article
      Bangkok Steel debuts with US$60m offshore loan
      245 20  -  By Paul Leo SINGAPORE Steel sheet and bar maker Bangkok Steel Industry Public Co made its debut in the offshore syndicated loan market yesterday. It borrowed US$6O million (5586.4 million) from 14 banks, based in Singapore and Hongkong, to fund expansion and for
      245 words
    • Article
      Lock icon Bandar Raya pre-tax profit triples to M$114m
      128 20 Bernama KUALA LUMPUR Bandar Raya Developments Bhd's group pre-tax profit more than tripled to M 5114.4 million (5564.7 million) for the year ended Dec 31, from M 533.3 million the previous year. Group turnover rose 182 per cent to M 5571.2 million from
      Bernama  -  128 words
    • Article
      Untitled
      516 20 UNrr TRUSTS FUNDS Mutagen prion (S) Mar 7 us Or Fund 049 103** Singapore Unit Trust U06 Asset Mgt Ltd The Commerce I 60 1.69 Unifund 1.33 1.39 The Savings Fund 1.43 I.Slid Unibond+- 1.015 1040 S pore Prog Fund 0 58 0 62 United Gr Fund! 1.55 1.62 S'pore
      516 words
    • Article
      Lock icon HK pension fund managers face the squeeze after a year of losses
      497 21 Bloomberg Business News HONGKONG Fund managers who gamble away pension money may find the stakes are about to rise. Stung by losses experienced by pension managers, Hongkong companies may increasingly demand that the managers they hire measure up
      Bloomberg Business News  -  497 words
    • Article, Illustration
      Lock icon PLDT workers calling for better deal
      62 21 MANILA About 1,000 employees of Philippine Long Distance Telephone marching outside their company's headquarters in the Makati district here yesterday to protest against what they called a "minuscule offer" by the telecommunications giant in ongoing wage talks. Management was reported to have offered a
      Reuter  -  62 words
    • Article
      Lock icon China may allow locals to trade in B shares
      208 21 Reuter HONGKONG China is expected to unveil within two months draft rules which allow some domestic investors to buy B shares, the China Securities Bulletin said. The Shenzhen Investment Guidance Post reported that the draft law would permit trading by Chinese
      Reuter  -  208 words
    • Article
      Lock icon Heavy equipment maker Komatsu setting up Viet line
      146 21 AFP HANOI Japanese construction equipment maker Komatsu Ltd is to open an assembly plant here, with the first excavators expected to roll off the line in three years. The US$l.9 million (552.7 million) plant will be a joint venture with the Binh
      AFP  -  146 words
    • Article
      Lock icon First Pacific net profit soars 37.9% as sales rise over 19%
      543 21 Bloomberg Business News HONGKONG First Pacific Co Ltd said strong sales and exceptional items pushed up its net profit last year by 37.9 per cent to HK$ 1.0164 billion (S$ 189.4 million), well above analysts' expectations. Basic earnings per
      Bloomberg Business News  -  543 words
    • COMPANY BRIEFS
      • Article
        Lock icon Northumbrian says eau no
        61 21 Reuter LONDON Northumbrian Water Group pic said yesterday that an offer for the firm from France's Lyonnaise des Eaux SA would be "unwelcome". Earlier, Lyonnaise des Eaux said it planned to make a cash offer for the company but declined to set out terms ahead of
        Reuter  -  61 words
      • Article
        Lock icon Nippondenso's profit jumps 46%
        54 21 AFP TOKYO Japanese carparts maker Nippondenso Co said yesterday its consolidated pre-tax earnings jumped 46.4 per cent from a year earlier to 81.1 billion yen (SSI.I billion) in the year to last Dec 31. But the Toyota affiliate said worldwide sales fell 1.1 per cent to
        AFP  -  54 words
      • Article
        Lock icon India's Reliance in tie-up with Nynex
        62 21 Reuter NEW DELHI India's Reliance Industries plans to set up a company with Nynex Corp of the US to bid for licences to operate telephone servicc networks in India, the Economic Times reported. The newspaper said Reliance would be the majority shareholder while the
        Reuter  -  62 words
      • Article
        Lock icon Samsung buys stake in Foron
        41 21 Bloomberg Business News BERLIN Samsung Electronics has signed a memorandum of understanding to buy a majority stake in Foron Hausgeraete GmbH, formerly East Germany's biggest appliance maker, the Asian Wall Street Journal reported. Bloomberg Business News
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    • Article
      Lock icon A couple of Wall St bears tell why they have been hibernating
      668 23 Los Angeles Times NEW YORK The bulls have controlled the podium on Wall Street for the past few weeks, and rightly so. Their forecast of a "soft landing" for the US economy in 1995 fits perfectly with the
      Los Angeles Times  -  668 words
    • Article
      Lock icon Kleinwort Benson's Peter Tasker named top strategist in poll
      148 23 Bloomberg Business News TOKYO Peter Tasker at British securities company Kleinwort Benson has been chosen best strategist for the fourth year running in a survey conducted among stock investment managers by the Nihon Keizai newspaper. Akira Sato, a shipbuilding and plant
      Bloomberg Business News  -  148 words
    • Article, Illustration
      Lock icon The Butterfly has landed
      56 23 Reuter NEW YORK International Business Machine's new Thinkpad portable computer (above), codenamed the Butterfly, will be launched this week. The new Thinkpad model computer, dubbed Thinkpad 701 C and 701CS, has a keyboard that unfolds from inside the machine into a larger one when the tiny
      Reuter  -  56 words
    • Article
      Lock icon Two unemployed Davids take on McDonald's Goliath
      328 23 Reuter LONDON In an oak-pan-elled London courtroom, two unemployed environmental activists arc pitched against fast-food giant McDonald's in what promises to become the longest and most expensive libel case in British legal history. The world's biggest restaurant chain with annual sales of US$3B
      Reuter  -  328 words
    • Article
      Lock icon MCI unveils specific targets to start local phone service
      314 23 Bloomberg Business News WASHINGTON MCI Communications Corp has named major US cities, including New York and Chicago, where it plans to introduce its first local phone services. The announcement marks the first time MCI has specified when and where it intends
      Bloomberg Business News  -  314 words
  • Page 20 Advertisements
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      Page 20 Advertisements Column 1
      908 20 CMTcwt distribution limited I, The unaudited results of the Group and for the Company for the financial year ended 31 December 1994 are as follows: H GROUP COMPANY I 1994 1993 1994 1993 SS'OOO SS'OOO SS'OOO SS'OOO Turnover 64,311 52,891 22 57,089 50,051 14 H Interest Income 488 376 30
      908 words
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      Page 20 Advertisements Column 2
      94 20 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
      94 words
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      Page 21 Advertisements Column 1
      119 21 Perfect vision forthe investor. Laubman and Pank x x National Service Centre Adelaide, South Australia. fTji tU Jll $5,385,000 equating to yield 10.40% lenders Close Thursday March JOth 1995 4pm at the office U rully I .eased to national optical lens retailer Willi of either Joint For Tender Document* Contact
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      22 21 It could only be the SINGAPORE Harriott HOTEL Opening early 1995 320 Orchard Road Singapore 0923 Tel: 735 5800 Fax: 735 9800
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      457 22 CHINA I HONGKONG J 1 VIETNAM I 1 THAILAND I I l MALAYSIA I I I SOUTH KOREA 111 I I J TAIWAN l PH,LIPP,NES •INDONESIA a SINGAPORE UNITED BASIC REGIONAL FUND. UNITED ENHANCED REGIONAL FUND. We're United With its booming economies consistently yielding high growth, Investment Scheme (BIS). Created
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      607 23 i IF 1 I Keppel Finance Limited I (Incorporated in the Republic oI Singapore) B AUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 1994 I B Directors are pleased to advise the following audited results of the Company B B and of the Group for the year ended 31 December
      607 words
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      Page 23 Advertisements Column 2
      512 23 0 j|(L Keppel q Integrated Engineering Limited (Incorporated in the Republic ot Singapore) UNAUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 1094 The Directors of Keppel Integrated Engineering Limited advise the following unaudited results of the Company and of the Group for the year ended 31 December 1994: COMPANY GROUP
      512 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon BOC puts HK$5b note issue on hold pending risk re-rating
      460 24 SCMP, AFP HONGKONG The Bank of China (BOC) has confirmed it is putting its record HKSS billion (***** million) fund-rais-ing exercise on hold in the wake of Moody's recent announcement that it was considering downgrading the giant bank's credit-worthiness, according
      SCMP,; AFP  -  460 words
    • SMALL CHANGE
      • Article
        Lock icon HK's mass transit railway delays bond
        64 24 Bloomberg Business News HONGKONG Hongkong's Mass Transit Railway Corporation has postponed the first leg of HKSIO billion (551.86 billion) in financing that was announced in January, the Eastern Express newspaper reported. MTRC treasurer James Lau said delays in drafting the documents for the first
        Bloomberg Business News  -  64 words
      • Article
        Lock icon Citicorp to fund Pertamina projects
        77 24 Reuter JAKARTA Citicorp of the United States has agreed in principle to finance the Indonesian national oil company's US$633 million (SS9I2 million) project to boost the capacity of its refinery in Cilacap, Pertamina president director Faisal Abda'oe said. He also said Japan's Export-Import Bank had
        Reuter  -  77 words
      • Article
        Lock icon Bangkok Bank gets AAA Rating
        57 24 Bloomberg Business News HONGKONG Thailand's largest commercial bank, Bangkok Bank pic, has been given a "AAA" credit rating by Thai Rating and Information Services. It said the rating represented the bank's "leading market and solid competitive position, good profit performances and high loan loss reserves
        Bloomberg Business News  -  57 words
    • Article, Illustration
      Lock icon Gold-plated meal
      37 24 AFP SEOUL A waitress at a restaurant here displaying rice balls rolled with gold leaf instead of the traditional seaweed. Each roll costs 6,000 won (S$ll). The dish is popular among wealthy, health-conscious Koreans. AFP
      AFP  -  37 words
    • Article
      Lock icon Vietnam logs on to global bank settlement system
      159 24 AFP HANOI Vietnam yesterday hooked up to a financial communications and settlement system, enabling banks to speed up transactions with thousands of other institutions around the world. Through the Society for Worldwide Interbank Financial Telecommunication (Swift) global messaging network, Vietnamese banks arc
      AFP  -  159 words
    • Article
      Lock icon Asian light refined products rise on Persian Gulf tension
      293 24 ENERGY REPORT Bloomberg SINGAPORE Prices for light refined products like gasoil here rose as military tension in the Persian Gulf drove global crude prices higher. Product traders said spot activity was light and prices were only following crude. April Brent crude
      Bloomberg  -  293 words
    • Article
      Lock icon Currency Reports:London
      199 24 Reuter LONDON Devaluations of the Spanish peseta and Portuguese escudo in the European ERM may have helped the dollar overnight, but dealers said they do not expect the effect to linger as they prepare to push the dollar lower again. The peseta was devalued 7 per cent and
      Reuter  -  199 words
    • Article
      Lock icon Indon copper smelter to start production in 1998
      174 24 AFP JAKARTA A copper smelter in East Java, owned by US firms Freeport McMoßan Copper and Gold Inc, Fluor Daniel Inc, and Japan's Mitsubishi Materials Corporation, will begin production in 1998. PT Freeport Indonesia, the Indonesian affiliate company of Freeport McMoßan Copper
      AFP  -  174 words
    • Article
      Lock icon New York
      94 24 AFP NEW YORK The dollar continued its record-breaking slide here yesterday, losing two pfennigs against the mark in early trading with no sign of central bank intervention on US markets. By 1430 GMT. the dollar was trading at 1.4051 marks, down from 1.4234 Friday. Against the yen, it
      AFP  -  94 words
    • Article, Illustration
      Untitled
      1639 24 I ratlr ncmhltil imir\ cak ulaied again\t S'parr i top 14 trading partners Bom yrar 1965 US$/S$ forward rates Noon /Mar 6 s$ Bid Offer 1-month 1 4365 1.4382 2-month 1.4331 I 4346 3-month I 42W 1.4314 6-month 1.4206 ***** Sounr. OC'BC Source: OCBC FOREIGN CURRENCY NOTE RATES As at
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  • COMMODITIES & FUTURES
    • Article
      Lock icon Weak US$ weighs on Eurodollars
      1460 25 S,ME REPORT Reuter SINGAPORE A sinking US dollar kept Eurodollar futures pegged at lower levels after losses in the US, while the climbing yen buoyed the Euroyen contract. June Eurodollar futures closed at 93.33, up from the previous IMM close of 93.32 while September ended
      Reuter  -  1,460 words
    • Article
      Tokyo gold ends with big losses
      707 25 Gold TOKYO: Gold futures closed with huge losses after the yen climbed to global record highs earlier in the day. but rebounded as the dollar managed to recover above the 93 yen level. Prices fell 18 to 20 yen per gram, with benchmark February
      707 words
    • KNIGHT-RIDDER COMMODITY SUMMARY
      • Article
        Thais up fees on soy meal, corn imports
        74 25 BANGKOK The Thai Commerce Ministry has raised surcharges on soybean meal and corn imports from countries that are not members of the World Trade Organisation. The new soymeal surcharge is 2,519 baht per tonne, while the corn surcharge is 1,000 baht per
        74 words
      • Article
        Japan raw sugar imports down 22.7%
        37 25 TOKYO Japan's imports of raw sugar totalled 66,548 tonnes in January, down a sharp 22.7 per cent from a year before, according to figures released yesterday by the Ministry of Finance.
        37 words
      • Article
        Taiwan stainless steel scrap demand up
        113 25 HONGKONG A growing appetite for nickel and the threat of a primary nickel shortage is forcing Taiwan's stainless steel fabricators to consider stainless steel scrap as a viable source of nickel, according to industry sources. While most stainless steel fabricators still opt to make
        113 words
      • Article
        Cuban sugar planting 75% behind plan
        100 25 HAVANA Cuban sugar cane planting fell more than 75 per cent behind schedule in Jan-Feb, the Sugar Ministry reported yesterday. Workers sowed just 17,998 hectares, compared with the 80,800 ha planned. The ministry said it had hoped to sow 251,712 ha by July. Last
        100 words
    • Article
      COMMODITY PRICES
      1486 25 Rubber Mar 6 Singapore Commodity Exchange (futures ctoting as at 5.30p«) RSS 1 Contract (S cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest Apr 95 274.00 270.50 270.50 250 M75 May 273.00 269.50 269.50 550 2500 Jun 272.00 268 50 268.50 250 2250 Jul/Sep 269.00 265.00
      1,486 words
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      123 25 Financial fSS^Sj N ews IKlll A Quick Look At The Mfl I Market! Call 24 hours a day for I I SES KLSE midday I I reports, closing I market reports and business news. Cost: 30 cents a minute i HFSline An SPH AudioTex Service Notice OKA FABRICATOR PTE LTD
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      20 25 STRAIGHT TALK You ihouMrVt Iwe to rwd t*h**en In* lo gtt tht M pK turc Comparte* fc Mufcrts. b*oyd*f BusincssTime§
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  • REGIONAL STOCK MARKETS
    • Article
      Australia
      1065 26 -10.8 A PLUNGING US dollar and anxiety about a possible rise in interest rates unnerved the local bourse yesterday, forcing it to a weaker close on low volume. The All Ordinaries Index finished 10.8 points down at 1,891.6. The All Industrials fell 15 to 2,837.7 and the All Resources
      1,065 words
    • Article
      Mania
      100 26 -31.98 Share prices declined 1.3 per cent in thin trading as a bearish sentiment continued to chase the bulls away. The PSE Composite Index fell 31.98 points to 2,456.54. Turnover was 1.66 billion shares valued at 584.7 million pesos. Analysts said the lack of fresh news to boost the
      100 words
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      Taipei
      487 26 -55.80 Stocks declined across the board in slow trading, with all eight major categories of shares posting losses, dealers said. The 422-issue Weighted Price Index lost 55.80 points to finish at 6,474.94. Turnover was 670 million shares worth NT526.75 billion. Falls outnumbered rises 250 at 65. The market opened
      487 words
    • Article
      Seoul
      105 26 +14.29 Share prices rallied for the fourth consecutive day as the bullish yen brought hope of positive impacts on the nation's economy, dealers said. The Composite Price Index soared 14.29 points to 933.44 with 25.41 million shares worth 459.39 billion won changing hands. Rises outweighed falls by 584 to
      105 words
    • Article
      New Zealand
      279 26 -17.47 Weakness in leading shares, particularly in Carter Holt Harvey, knocked prices lower in thin trade. CHH closed down 10 cents at NZ53.34. Brokers said there were two sellers in the company's shares in the market. Other leaders were also weak, with Fletcher Challenge down five at NZ$3.B2
      279 words
    • Article
      Bombay
      125 26 12.40 Share prices oscillated, opening higher then dipping before ending up again. Brokers said the swings were caused by market operators reacting to rumours. The BSE 30-share Index closed at 3,540.76, up 12.40 points. The National Index fell 2.48 to 1,704.70.. The mid-session fall came after hopes of the
      125 words
  • WORLD STOCK MARKETS
    • Article
      London
      759 26 -23.2 GLOOM and doom in the currency markets spilled over to stocks with prices down but business quiet as investors watched the dollar slide further while they braced for a lower Wall Street start. The FTSE-100 Index was down 23.2 points at 3.001.9. An early drop in index futures
      759 words
    • Article
      Paris
      119 26 +2.60 French shares opened lower but quickly moved higher, supported by steady bond prices, dealers said. The CAC-40 Index closed up 2.60 points, or 0.14 per cent, at 1,797.84. Of the CAC-40 stocks, 23 ended higher, 14 lower and three were unchanged. Volume was 1.3 billion francs. Paris Mw
      119 words
    • Article
      Frankfurt
      205 26 -39.17 German stocks slumped to a four-week low as the mark soared against the dollar and reached record highs against European currencies. The currency turmoil has sparked concern that ex-port-driven companies will face an earnings squeeze if the mark remains at its current levels, traders said. "It's a difficult
      205 words
    • Article
      Brussels
      183 26 -24.11 Belgian stocks plunged as the dollar tumbled for a third day, threatening profit of firms selling goods and services in the US. Disappointment about earnings at some companies also undermined shares. 'The real trouble is if you go through the list of companies with dollar exposure it's really
      183 words
    • Article
      Milan
      169 26 +65 Italian shares closed near session highs on hopes that the government of Prime Minister Lamberto Dini will succeed somehow in winning parliamentary approval for its budget measures. The market had been expected to be knocked lower by news late Friday that the Freedom Alliance of former premier Silvio
      169 words
    • Article
      Amsterdam
      282 26 -4.94 Dutch shares plunged to a new year low in frantic trade sought to deal with a traumatised dollar and a crisis in the ERM. The AEX was down 4.94 points, or 1.22 per cent, at 400.66. Technical analysts said the index may bounce off first support at 400
      282 words
    • Article
      Stockholm
      164 26 -2.18 pc Swedish shares dropped sharply as the world-wide currency turmoil caused bond yields to rise considerably, giving the third consecutive day with falling share prices. The OMX Index closed 2.18 per cent lower at 1,108.31, a year low. The previous low was 1,127.54. Turnover was moderate at 2.2
      164 words
    • Article
      Zurich
      260 26 -34.9 Swiss shares lost about one per cent in overall quiet trade after the dollar fell to its lowest level since World War 11. Dealers said Wall Street's weak opening brought additional pressure in late trade. The SPI Index closed down 20.13 points to 1,670.52. The SMI Index lost
      260 words
    • Article
      Johannesburg
      289 26 +36.0 South African shares attracted late support to end mostly better, but dealers said direction remained clouded by currency and gold price uncertainty. They said the industrial market remained in its recent uptrend, although Wall Street declines overnight could hamper sentiment. The Overall Index closed 8.4 points up at
      289 words
    • Article
      Toronto
      271 26 -16.85 Stocks opened weaker led by expected weakness in banks and interest sensitive stocks, hit by a weaker US dollar, falling North American bonds and interest rate jitters out of Europe. In corporate news, the Wallace McCain family and the Ontario Teachers pension fund made a joint takeover bid
      271 words
    • Article
      Untitled
      543 26 Vienna Mar 6 Airti AIM 1736 14 Bank Amiru PS 55* 5 CA-BV VZ 624 EVN 1243 16 Flughafen 456 +4 Lciuins 952 10 Lcykam 47* 13 Maculan Hid VZ 723 6 OEMV VZ 986 19 VA Technotocic I<*7 23 Voucher 274 i Vntwnd Aklie A 629 7 Wieneitwri 3602
      543 words
    • Article
      New York
      711 26 -14.16 The Dow Jones Industrial Average, which rebounded 9.68 points on Friday, was down 14.18 to 3,975.43 at 11am EST. Computer-driv-en sell programs sent the key barometer dropping more than 33 points shortly after the market opened. The NYSE Composite Index was oft 1.38 to 261.91, while Standard
      711 words
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      Page 26 Advertisements Column 1
      119 26 The South Korean and Philippines closing prices were not available due to a technical fault PORT SHOTS The latest in sea, air and land transportation Shipping Times Monday to Friday r 1 Business Times K&OVAH Acquire An Original Monsieur Waterman invented the world's first reliable fountain pen. Man 100 was
      119 words
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  • Article, Illustration
    Lock icon HONGKONG
    3160 27 Bloomberg Business News HONGKONG Stocks dropped for a fourth day, led by property and conglomerate issues, as a plunging US dollar tainted investments in the territory's currency. Investors shunned assets denominated in the Hongkong dollar, which is pegged to the greenback. after the US currency dropped to a record
    Bloomberg Business News; Source: Bridge Info  -  3,160 words
  • Article, Illustration
    Lock icon CHINA
    570 27 CLSA POOR market sentiment kept trading in Hongkong H shares sluggish on a turnover of HK546.4 million. The H Index closed down 0.3 per cent. Shanghai Petrochemical was the most actively traded counter with HK> 12.24 million worth of shares traded. Dongfang Electric was the biggest gainer, ending up
    CLSA  -  570 words
  • Article, Illustration
    Lock icon TOKYO
    2522 27 Bloomberg Business News TOKYO Stocks were little changed as a rally in car and utility shares offset concern over the dollar's dip to a new low against the yen. Foreign investors and domestic institutions helped keep prices from falling, traders said. "Some of the domestic institutions are looking for
    Bloomberg Business News; Source: Bridge Info  -  2,522 words
  • Article, Illustration
    Lock icon BANGKOK
    1873 27 Reuter BANGKOK Stocks closed lower as investors reacted negatively to the falling dollar globally and tight domestic liquidity. brokers said. The SET Index closed down 26.60 points at 1.235.73. A moderate 55.1 million shares worth four billion baht were traded. "Institutional investors liquidated their holdings and turned to hold
    Reuter; Source: Bridge Info  -  1,873 words
  • Page 27 Advertisements
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      42 27 ACTAL NEUTRALISES STOMACH ACID. quick relief from stomach discomfort, Sterling 9 astric P ain indi 9 es Mueves gastric nm_ g Health tion and heartburn. heartburnanpupset-stomac s The Jakarta Stock Exchange was closed yesterday. Trading resumes today for employment opportunities every Wednesday.
      42 words
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  • Article
    CLOB INTERNATIONAL
    2604 28 <>r Gr l»«5 last Vol Day l*st Quote Dr» IH< \ld Net M ap High Loo (umpan) Sale (*000) llfch I.» Buyer Seller S Or PIt Smil MALAYSIAN STOCKS 412 7) m MSB W 402 HO 2964 412 )90 402 404 JO -29 02 412 206 77.5 m
    2,604 words
  • KUALA LUMPUR STOCK EXCHANGE
    • Article, Illustration
      Lock icon Stocks down 2.7% on Telekom, dollar concerns
      6901 28 Bloomberg Business News KUALA LUMPUR The key index fell 2.7 per cent amid concern over the earnings of Malaysia's dominant phone company and the weak US dollar, which could prompt a rise in US interest rates. The Composite Index fell 26.24 points to
      Bloomberg Business News; Source: Bridge Info  -  6,901 words
  • Page 28 Advertisements
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      Page 28 Advertisements Column 1
      30 28 HWith over 215 million cords honoured at over 12 million establishments, MasterCard puts the whole world in your hands. And it gives you easy access to cash at 380,000 bonk
      30 words
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  • STOCK EXCHANGE OF SINGAPORE
    • Article
      Untitled
      8638 29 kmuoc Hi Gr M Wl i. i I«t Vol Da) l»l Quoit l>« D» M4 Net t ap A.g High to" (umpant Sale >/. (0001 High Low Bayer Seller C »r P/K Mail Price INDUSTRIAL AND COMMERCIAL 720* 388 mi s Acma 50c 428 -2 4 428 428 426 428
      8,638 words
    • Article, Illustration
      Lock icon Shares fall on concern over weak US$, possible rate rise
      1939 30  -  By R Sivanithy SINGAPORE Continued weakness in the US dollar yesterday overshadowed almost all other considerations in the local stock market, with Malaysian stocks bearing the brunt of institutional selling. Observers said there were renewed concerns that US interest rates
      Source: Bridge Info; Source: Bloomberg  -  1,939 words
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      26 29 I I ALA^DELON r~>f f i mt,^B KjJass/cs (|pr f »0 '-on HK) *tt *«i«*i« MaTf MNATIONAi PTf fS J34IS". Hong *0 T«« WTEWUTOH*. ««)ITD «V3'<lV
      26 words
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  • Page 30 Advertisements
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      Page 30 Advertisements Column 1
      272 30 Prime District 10 Residential Development Site For Sale By Tender Location Near The Pinetree Club Land Area 3.153 sq m (Approx 33,939 sq ft) Tenure Freehold Plot Ratio 1.6 Height Restriction Up to 10 storeys Tender Closing Date 4pm, 22nd March 1995 For Tender Documents and further information, please contact
      272 words
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      Page 30 Advertisements Column 2
      538 30 6 U S I N E S S TIMES NOTICES 4-STOREY SHOPHOUSE p For Sale By Tender S V/ Location: 273 South Bridge Road AAru\C (Within the Chinatown Conservation Area) Land Area 287sq m/3,0895q ft Total gross floor area Approx. 933.435q m /10.047 sq ft V\ Tenure 999 years wef.
      538 words
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      Page 30 Advertisements Column 3
      142 30 THE COMPANIES ACT, CAP.SO AND IN THE MATTER OF MERIT DIAMOND ENTERPRISE PTE LTD (In Voluntary Liquidation) NOTICE IS HEREBY GIVEN pursuant to Section 308 of tie Companies Act Chapter SO. (hat Ihe Final General Meehng o» Vie Company w* be hekJ at 7500 A Beach Road, 112-307. The Plaza.
      142 words
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      Page 30 Advertisements Column 4
      178 30 ONE) UPPOBANK P.T. LIPPO BANK acting through its branch in the Cook Islands United States Dollars Negotiable Floating Rate Certificates of Deposit Due 4th April 1996 In accordance with the provisions o( the Certificates of Deposit, notice is hereby given that for the period from 6th March 1995 to sth
      178 words
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  • Shipping Times
    • Article
      Japan's Mitsui to revamp Far East-Panama service
      317 31  -  By Ramesh Divyanathan SINGAPORE Japanese carrier Mitsui OSK is revamping its service from the Far East to ports in Panama, the Caribbean and Manaus in Brazil. With its Global Alliance partners, it will start a Far East-US East Coast service at the end
      317 words
    • Article
      Lock icon Asian consortium in US$637m deal for Vietnam's biggest port
      302 31 Reuter HANOI A consortium of companies from Singapore, Japan and Malaysia will build a U5563.7 million (***** million) deep water port at Vung Tau in southern Vietnam, government officials said yesterday. The group, led by Singa-pore-based Tredia Vung Tau Port Development
      Reuter  -  302 words
    • Article
      Lock icon Over 40 killed as ship sinks off Angola
      76 31 Reuter NICOSIA At least 42 people drowned and more than 100 may have perished in a ship which sank off the coast of Angola, Angolan government radio reported on Sunday. The radio, monitored by the British Broadcasting Corporation. said the ship sank
      Reuter  -  76 words
    • Article
      Lock icon Modest trading activity seen on selected tanker markets
      412 31 Knight-Ridder NEW YORK Modest trading activity occurred on selected tanker routes on Friday, brokers said. They said Asian buyers' appetite for West African grades continued to lend support to firmer rates for one-million-barrel-loaders on the run to the US. Rates moved up
      Knight-Ridder  -  412 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      599 31 Pajse 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
      599 words
    • Article, Illustration
      Lock icon All lined up and ready
      54 31 AFP COPENHAGEN Three long lines of identical black Swedish Volvo limousines parked quayside at Copenhagen port on Saturday after their transportation from Sweden. The cars will be used by officials attending the World Summit for Social Development. Some 130 heads of state or government are
      AFP  -  54 words
    • Article
      Lock icon Container rates seen going up in face of new capacity
      261 31 Seatrade Week Newsfront LONDON Trans-Pacific containership operators are setting the table for absorbing a new wave of giant newbuildings due for delivery soon in hopes their own red ink is not served as the main course. A first step is
      Seatrade Week Newsfront  -  261 words
    • Article
      Lock icon Quiet finish to week's trading on freight market
      271 31 Knight-Ridder NEW YORK Trading on the freight market here finished last week on a quiet note, with little news of concluded business emerging, brokers said on Friday. Capesize business included Preussag on subjects with the Navalis for a March 20 to April
      Knight-Ridder  -  271 words
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      32 31 LAW PAGE Every Thursday in Business Times Hongkong's Wah Kwong reaps rewards, Pg 3 Complaints against US airlines rise 16.5%, Pg 13 US automakers said to be world's most efficient, Pg 18
      32 words
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      Page 31 Advertisements Column 2
      25 31 Lines and service* represented by Members of the Registry of Accredited Shipping Agents, Singapore National Shipping Association. For advertising enquiries, contact Shipping Times: Tel 740-2089/740-2090
      25 words
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      Page 31 Advertisements Column 3
      21 31 AD-LIB Candid views from people in the news. Conversations At Raffles. Every Other Saturday. r I I Business Times f 4IU
      21 words
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      Page 31 Advertisements Column 4
      72 31 More than 150 Inland Points in USA Every Friday Saturday Sailing Hotline *****30 For more information, please refer to Pg. 6 IjTl Reliable £3 Efficient fcg Experienced lj/1 Professional Then engage one who is a member of the Singapore Freight Forwarders Association (SFFA). SFFA demands that all its members comply
      72 words
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  • Article
    DAILY FREIGHTS
    934 32 TIME-CHARTER rates led a rally in dry cargo freight rates while shipbrokers looked for fresh grain inquiry from Latin America to add strength on the Atlantic. The Baltic Ereight Index (BEI) now stands just five points short of its all-time high at 2,066 after a 14 point rise.
    934 words
  • Article
    TRANSPORT DIARY
    751 32 COURSES I ilk: Principles of Shipping Operations and Practices (SDF 70%) Duration: Mar 7 Apr 21 Organiser Singapore National Shipping Association lei: For further details and application forms contact SNSA Secretariat at 278-3464 or fax: 274-5079. litle: Effective Written Communication in Shipping Management (SDF 50%) Duration: Mar 7
    751 words
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      Page 32 Advertisements Column 1
      1759 32 I NORTH JutilMn I OTHER DESTINATIONS NORTH AMERICA^ ItfcIRECT CALL TO WEST COAST fSC)ft 11 WEST COA»T Of Ci A SINGAPORE CAUFORWAIXPRBSS gNRBCT FROM WEST COAST) fwa ht inw u» fo* tor sea dm. Houston cmc by "B3S mqtmrvsl Iwrlglu FgDEßvasEi I u «o> Iwiikt Ikmjoa [pick Imujhbuo Ikajutu vesselwy
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      Page 32 Advertisements Column 2
      29 32 0 O O 0 o 0 o jjffn LEAD BY EXAMPLE; For some of the best examples of Good Management. Enterprise Management. Every Monday. SINGAPORE rw^ Business Times WIKWWASU
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  • Article, Illustration
    Lock icon Hongkong's Wah Kwong reaps rewards
    1107 33 Wah Kwong's share price rises on the back of low gearing, undervalued assets and smart management Lloyd's List THE Hang Seng, lacklustre all year, fell from over 10,000 at the start of September to bottom out at 7,600 in early December. In the same period,
    Lloyd's List  -  1,107 words
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      Page 33 Advertisements Column 1
      1090 33 •IM If). mMBMI■■—MP UNI It© ARAB aoonnaißiSxatimtam 'fkmmatemKKmmmmmSm>® msss^sss^ssm H SEALORD SHIPPING AGENCIES FAX:*****13 11 1 IVSL/VOY PSQ ~~DXB~ SHJ KWI ~AUH~ DMN MM ~DOtT VSL/VOY ~~W WO IWW IVSL/VOY JED OUBAI CIO6W 7/3 203 18/3 20/3 22/3 21/3 21/3 22/3 24ft DUBAI CIOOW 7ft 21/3 23/3 DUBAI CI WW
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      Page 33 Advertisements Column 2
      408 33 ANL. IT'S AUSTRALIAN FOR SHIPPING TO AUSTRALIA (EAST COABT) I FBOM AUSTRALIA (EAST COAST VfttEUVOY *T HI MP Ml «T0 MM MIR HOI WUtL/VOY IK ITO ME I lUft HOI JIT BfM MAJAf AM4T Ml KM H/t» IMJ ?S»3 2l« FUNOERS lAY UOl tiMt HI fT A. TfMASH 71S IMJ
      408 words
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      1558 34 RDAM LE south- port VESSEL VOYNO HAMBURG ANTWERP HAVRE AMPTON KELANG SPORE HKG KAO TYO SHI OSA NAG FRANKFURT EXPRESS 78V207 14/2 18/2 18V2 9/3 I(V3 14/3 18/3 23/3 I<y3 21/3 LUOWIQSHAFEN EXPRESS 18/407 18/2 2(V2 22/2 IV2 12A3 16/3 I 29/3 DANUBE i7/2oe 21/2 23/2 r 2S/2 ie/3 17/3
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      Page 34 Advertisements Column 2
      464 34 IB |l Spore for 1 I NANDNAKUL 12/3 20/3 RdnVAtwAJK/Nante# I TORO 22/3 28/3 Bdm/Arw/UK/N antes B Loads E7W. Matayisa. Indoneaa J [Loading for 1 SAOAN KALKAVAN DubatDammarVKuwart I BUFFALO Jeddah/Aqaba/T npoh/AJgena I PAN RISER CXjbai/Damman/Kuwart/Bahratn/Doha I 'Loads Singapore, EVW. Malaysia. Indonesia I I Loading tor BILLIE FAY Los AngeHes/New
      464 words
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      Page 34 Advertisements Column 3
      1239 34 I NOR7VSIA~I SMNOTTVATOR MOW NORASIA MALTA VMII-3 2283 dm IMM MU "21 11 ia#4 >4flM 1584 IWH IMM IMM 17 04 1784 iuu 1084 2184 2284 2184 2284 2384 24/04 2444 2584 SLPR,OtSI3W «M 4 am 2884 2084 2084 2084 3884 1* M j CLM MAA MLA prs ALX PSO
      1,239 words
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      Page 35 Advertisements Column 1
      1518 35 H STRAITS SHIPPING PTE LTD 10 Hoe Chiang Road #11-01 Keppel Towers Singapore 0208 Tel: *****88 Fax: *****17 new guinea pacific line (A SERVICE OF CHINA NAVIGATION CO) cargo o« sails STRAUS VENTURE V9506E IH. Skw, Tl* 06 07 Mir 08 Mjr 09 Mar FCL LCL CONTAINER AND BAEAKBULK SERVICE
      1,518 words
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      Page 35 Advertisements Column 2
      2937 35 Singapore Agent: vhkydL X ft?l P I jAfIIVQI lIAfC P&O Containers (Singapore Agencies) Pte Ltd *->• 10 Hoc Chiang Koad. #07-01 Keppel l owers. Singapore 0208 First Class Connections WORLDWIDE t Jj JjJ^z 64 pnocsp Fax: 225 "27/222 7517 export IMPORT S3S rS '0™ STo3 SO A T BE LEM
      2,937 words
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      Page 36 Advertisements Column 1
      476 36 w cfp„ JOINT VENTURE WV SAMUDERA INDONESIA SIR RICKMERS win J SINGAPORE CHINA t OKA SEPUIUH VOY 4NB 08 QWGDAO GREEN ERA MY DOCKING XINGANG SHANGHAI INDUCEMENT CAU P KELANG INDUCEMENT CALL HK, P OJOANG. BELAWAN. TG MANI XIAMEN, HUANGW M UTAMA HARTA I- g) WEEKLY FULL CONTAINERSHIP FEEDER VESSEL
      476 words
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      Page 36 Advertisements Column 2
      1248 36 HANJIN SHIPPING BOOKING TEL:- *****35-237 OPERATION TEL: *****41-253 SALES TEL:- *****30-233 DOCUMENT TEL: *****71-275 FOR VSI SM LINE HAUL SEA YVR POX FDR VSI SM IIK HAU. SAY *M NYC HANJIN ELIZABETH 015E 9/3 DftECT 30/3 31/3 1/4 HANIIN KUNSAN 112E 10 3 M PROGRESS 037E 13/4 14/4 16/4 HANJIN
      1,248 words
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      Page 36 Advertisements Column 3
      1249 36 Rio y v IJ-TcT^THTT^ It a mil Kn« if.. !T S ?i 6 031 5,6 lM <* "*C Ul» Mm KM W«GKOC« «1 W I l Oil mm »J »'J m'J 21 "J »/3 V« 11/4 29/4 21/4 1/5 11% 3/S 4/5 5/5 15/5 H/5 29/9 31/5 I I f
      1,249 words
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      Page 37 Advertisements Column 1
      2948 37 TO MOMBASA AMD inn 11 iii wm S'awwwm in isSltsir SS2J?S _i ESL 6 s*o»to* War *17-9* CR No: **********0 M Fax: 22*2208 Brrakbtttk Src Oocm. *****50 DBS Blda Tomer 2 UCK Ws ccsu IOMOHt OFFICE: Fan: *****15 raK 22*11** Smgaporo 0106 GST MO: M 2 *****05 X COSTA* AOENCICS
      2,948 words
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      Page 37 Advertisements Column 2
      669 37 FAMOUS CONTAINER LINES 80 ROBINSON ROAD, #22-02 SINGAPORE 0106 HOT LINE: *****33 (30 LINES) NEXT GROUPAGE SERVICE TO CHINA ETA: 09TH 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 GLOBELINK FORWARDERS PTE
      669 words
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      Page 38 Advertisements Column 1
      1079 38 If BHATRA BHUM 723 Sat 11/3 Tua 14/3 1 THAWA BHUM 111 M ~Tu« In Pi Thu «/3~ VOY SIN BKK VIRA BHUM 125S Sun 12/3 Fri 17/3 S KQTA JADE JA0045 Wad »/3 Fri 10/3 I HHIYANTRA BHUM 79W ~Tw ~in Pt Fri 10/3 1 WAWA BHUM 2718 Wad
      1,079 words
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      Page 38 Advertisements Column 2
      950 38 79 ANSON ROAD, #21-01, SINGAPORE 0207 TELE: *****92 FAX: *****57 CR **********0N STRAITS SHUTTLE SERVICE L PORT KLANG PENAWG VESSEL VOY SIN PKL VESSEL VOT g PEH SEA LAUREL 368N 09 3 iTHU) 10 3 (FR») MCC CONVEYOR SO lb 08 3 (WEO) 10/3 (fW) EAGLE BRtEZC 194 A 09
      950 words
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      Page 39 Advertisements Column 1
      1132 39 ADVANCE CONTAINER LINES (PTE) LTD Z 140 Cecil Street, #12-00, PIL Building, Singapore 0106 tX. t. m TEL: *****21, FAX *****19, TELEX RS ***** ACLPL CR NO. **********0E I HAMCKOKIIMOA EXPHMS I JAKARTA I (5 Sailings/WMk to PAT, 2 Sittings to MAT, 1 Sailing to LCH) (1 Sailings/Waak) PAT VE3SEL
      1,132 words
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      Page 39 Advertisements Column 2
      960 39 VCSStIS vor S* tl HAVRE HAMBUIG THMES ROIIERPAM AH!MRP vmt Dt *UA VO7W 11/01 n/03 31/03 02/04 03/04 04/04 Witt PC TITAN* IO4W 17/03 05/04 07/04 09/04 10/04 11/04 VKlt DC LIBRA UIMI 22/03 11/04 13/04 15/04 It/04 17/04 VH.lt Ot NORMA WWW 20/04 22/04 24/04 25/04 26/04 •AISO ACCEPTING
      960 words
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      Page 39 Advertisements Column 3
      601 39 BSA JL «Mg|||9SfnVSHVßf9^Tsß^^Hr %mml MYANMA ■BBk five star line (Myanmar National Line) Loading for Yangon (Rangoon) S'pore P.Kit Pen P.Gdj HPA-AN V2OBW IN PT PATMEIN VI3IW IN PT PAGAN V2IBW 10/12 Mar MAUYSIA AGENTS: BOUSTEAO SHIPPING AGENCIES KU. TEI 02 03 *****00 PKI TEI 02-03 *****67 PEN TEI 02-04 *****02
      601 words
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  • Article
    THE SHIPPING GUIDE
    11383 40 This is a list of ships loading at Singapore for ports around the world. It tabulates, by destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. LEGEND PN: ship calls at Penang after
    11,383 words
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      Page 42 Advertisements Column 1
      564 42 gRICHFItI^EKIIinGSIciEnS^TnTDn TEL: *****33 (12 Lines) FAX: *****15/*****03 TELEX: RS ***** RISHIP (3 Lines) CR NO.: **********0E ETHIOPIAN SHIPPING LINES (National Lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL Vmml Voy 6TA Loading For Ipin Andinet 38WB 12/04 Mombasa. Djibouti Assab. Massawa Abbay Wonz 43W8 08/05 Mombasa, Djibouti Assab, Massawa H KIEN
      564 words
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      Page 42 Advertisements Column 2
      604 42 AFGHANISTAN M&M Afghanistan Ltd., Hairatan, Torghundi. Islamqala (Doqharun) MWmocMWm c.i.s./russia: Alma Ata, Ashkhabad. Baku. Dushanbe. I M Irkutsk. Khabarovsk, Krasnoyarsk. Korsakov. Moscow. Mllltzer Muncn Novosobirsk. Sochi. Tashkent. Tbilisi, Vladivostok, Vostochny International Forwarders Mongolia: uiaan Bator n Korea: Pyongyang, Nampo EXPRESS CONTAINER SERVICE TO WEST COAST SOUTH AMERICA I ALSO ACCEPTING
      604 words
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      Page 42 Advertisements Column 3
      390 42 BdtBMN CONTAINER LINES, INC I ~|\=/V~H A 0 #nU: MAC-NELS SPORE: *****22 (24 LINEB) X 'cm No: **********0 C SIBU (084) *****9 KUCHINQ (082) *****3 PENANG: (04) *****8 BANGKOK (662) *****67 MANILA (632) *****61 P.KELANQ: (03) *****77 JAKARTA: (21) *****07 SURABAYA: (31) *****0 I ASIA HKG/TWN/BKKI GENOA/EUROPE PEN PKI SIN
      390 words
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  • Article, Illustration
    Lock icon Complaints against US airlines rise 16.5%
    836 43  -  Airline traffic in the US went up last year. And as Christopher Reynolds discovers, so did the number of complaints Christopher Reynolds LA Times THE US airline industry's traffic is up, but consumers have decidedly mixed feelings about what they're getting, last year's tally
    LA Times  -  836 words
  • Page 43 Advertisements
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  • Article
    SHIPPING AGENTS
    3032 44 A Xm.BC Containerline NV: Bel sin Shpg Agencies Pte Lid (SVManne Handling Sdn Bhd (PK/PN). Accord Group: Accord Shpg Pte Ltd (SVAccord Contr Line (PK/PN). Adkris Business Corporation Philippine: Cabourcc Shpg Trdg Pte Ltd (S) Ahrenkiel Liner Service Kim Shpg Trdg (S). Albalros Sea-Air Service: Frata Shpg Pte
    3,032 words
  • Article
    CONFERENCES & CONSORTIA
    283 44 CONFERENCES CONSORTIA (Far Cast/North Aaierfca, exclude* laJisAmerkan President Lines; Sea-Land; Neptune Orient Lines; Maersk Line; Nippon Yusen Kaisha Line; Mitsui OSK Lines; Nippon Liner system; "K M Line; Orient Overseas Container Line, Hapaf-Lloyd. Traaa-PaeHle Waathaaad Rate Ayaawwat (Msrlli America/Tar East): American President Lines; Sea-Land; Neptune Orient Lines; Maersk Line; Nippon
    283 words
  • Article
    COURIER SERVICES
    280 44 Abacus C ouriers Tel 545-8011. Fax: 545-18%. Air Kxprns I ravel Tel: 533-5771. Fax: 535-6144. Airborne Freight Corporation Tel: 542-8844 Fax: 542-3716. *****80. Airswift Worldwide C ourier 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 I
    280 words
  • Article
    AIR FORWARDERS
    1515 44 Abe\ Exprevs Freight Tel: 542-7171. Fax: *****84. Actinic Forwarder Tel: 225-1833. Fax: *****42. Activair Singapore Td: 542-7822. Fax: *****20 Aerolink Freight International Td: 545-8033. Fax: *****05. Aerospeed Td: 542-5911. Fax: *****18. Air Cargo Novo Express Td: 542-5454. Fax: *****06 Air Express International Tel: 542-7666. Fax: *****74. *****50. Air
    1,515 words
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  • Article
    PORT CONDITIONS
    2301 45 ARGENTINA Diamante, Santa Fe: No vessels berthed, no vessels in roads, no vessels due. San I>oren/o: Six vessels berthed of which 4 loading soya bean meal pellets, 1 wheat, 1 soya oil. 7 vessels in roads. 14 vessels due at 9 terminals during the coming week. Rosario: One
    2,301 words
  • Article
    CRUISE & FERRY SCHEDULES
    1090 45 CRUISE FERRY SCHEDULES CRUISE SHIPS Ait l>ep Name of Vessel ETA EID Ports of Calls Port Agent Telephone No MARCH 07 07 Mcgastar Taurus Malacca Jardinc Shpg Agcncics 224-1052 07 07 Langkapuri Star Port Klang Jardinc Shpg Agcncics 224-1052' Aquarius 07 07 Kenaissancc I Cruise to Nowhere Renaissance Cruises 222-3388
    1,090 words
  • Article
    SHIP SALES
    830 45 The major taking point last week revolves around the Korean market, following a prolonged period of enquiry from this area for modern Panamax bulkcarriers. Reports indicate that three such vessels have now been committed to Korean buyers. The 1988 built Changi Star is said to have achieved around
    830 words
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  • SHIPS IN PORT
    • Article
      AT CONVENTIONAL WHARVES
      484 46 Vwsri Voy No Berth Arrival Departure Vessel Voy No Berth Afrital Departure JurOflg Port Caraka *330 950«£ P03 0603/1500 0/03/1800 Irian laya 10 19 alongside 0/03/0300 Diamond Stat 1 P08A 0/03/0400 0803/0400 fcafcn 16 6/6 alongside 0/03/2300 Gult Mv*d 04/95 P04 0/03 0800 0/03/1930 Mwi 14 M/5
      484 words
    • Article
      CONTAINER SCHEDULES
      1437 46 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Booking/Balance Rdts Ship Vov No Etb/Ptr Pwiod Earn Ifl flMIl fef'Swan ioua 08 1000 2A Ub/i/UU U//UbM U//USUU 3 07/0700 07/1159 07/1400 4 07/1200 07/1459 07/1700 M Goncharov 14Si95 08/1600 IB
      1,437 words
    • Article
      COCKETT BUNKER MARKET REPORT
      810 46 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
      810 words
    • Article
      VERITAS BUNKER QUALITY REPORT
      563 46 Carbon Carbon Feb 23 Demit, Water fin** fah Akimn Scftnent My Water Residue Ash Unw SeM M M/M Exxon Ejobd KG/IT3 V/V M/M M/M PPM method KG/M*3 V/V M/M MM PPM method 991 10 iso 010 oio- 180 985 126 m 13 0J 991 10 1.0
      563 words
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      Page 46 Advertisements Column 1
      24 46 togmLi STRAIGHT TALK shouldn't have to read between the lines UjSllgL.Jwi to get the full picture. Companies Markets. Everyday. nMwaa( f 1 Business Times
      24 words
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  • Page 47 Advertisements
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      Page 47 Advertisements Column 1
      491 47 I A HYUNDAI I MERCHANT MARINE CO. LTD. WESTBOUND TO EUROPE BKG: *****61 |~PNA [~PKI PGO VESSELS WOT SIN RIM ANT LEH HAM BRtJ FEI M/ 03 10/03 il/oF H. FRONTIER 315W ***** ***** 02/04 01/04 ***** 02/04 04/04 15/03 17/03 18/03 H. COMMANDER 314W 20/03 07/04 09/04 08/04 09/04
      491 words
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      Page 47 Advertisements Column 2
      400 47 STRAITS/ JAPAN/ STRAITS SERVICE MULTI-PURPOSE ROfiO CARRIER SPECIALIZE IN HEAVY LIFT CARGO UPTO 120 TONS RAMP CAPACITY UPTO 50 TONS I ETA lETO rtSHL VOY SIN P* 10WMG FOR ORENT LIT 5 SID 7/3 APfIAUSt 5 SID Alt ANA St MB* AN 2 12/1 COSMC PIOHER 43 13/3 lAKAATA U/J.
      400 words
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      Page 47 Advertisements Column 3
      711 47 VESSEL VOY Stt ETA/D LAX OAK ICH 1 DAL MEW/COL IHOU I NYC 1 NOR GEORGE WASHHGTON BADGE 85A 08/03 /10/03 26/03 28/03 29/03 30/03 30/03 31/03 31/03 01/04 ALLIGATOR PRPE S»A 16/03/17/03 02/04 04/04 05/04 "06/04 06/04 07/04 07/04 0«/04 HENRY UPSON BRPGE »2A 23/03/24/03 09/04 11/04 12/04 13/04
      711 words
  • Page 47 Miscellaneous
    • Miscellaneous
      Page 47 Miscellaneous Column 1
      311 47 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 ft 2.0 2.5 2.8 2.7 2.4 2.0 1.4 0.9 06 0.5 0.6 0.9 1.4 2.0 2.3 2.4 2.2 1.9 1.4
      311 words
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  • AIR AND LAND TRANSPORT NEWS
    • Article
      Lock icon US automakers said to be world's most efficient
      329 48 NYT DETROIT The US automakers, led by Ford Motor Co, have surpassed Toyota to become the most efficient auto manufacturers in the world, the chief of Mercedes-Benz's car operations says. The Big Three auto companies routinely say that Toyota's operations set the
      NYT  -  329 words
    • Article
      Lock icon Amadeus and Continental in talks on reservation deal
      241 48 NYT NEW YORK Negotiations are continuing between executives of Europe's largest computer reservation system, Amadeus, and Continental Airlines' System One to create the world's largest computer reservation network. The proposed alliance, first announced in December by Continental, calls for Amadeus to buy
      NYT  -  241 words
    • Article
      Lock icon Lucas wins £1b fuel system order from VW: report
      148 48 Reuter LONDON British automotive and aerospace components group Lucas Industries pic has won an order worth around 1 billion (551.45 billion) from German car giant Volkswagen AG, according to the Sunday Times newspaper. The deal, expected to be announced this month,
      Reuter  -  148 words
    • Article
      Lock icon Japan's imported vehicle sales up
      176 48 Reuter TOKYO Sales of imported vehicles in Japan in February rose 63.4 per cent from a year earlier to 29,111, the 16th successive month of gains, the Japan Automobile Importers Association (JAIA) said yesterday. February sales of vehicles made by the overseas units of Japanese
      Reuter  -  176 words
    • Article, Illustration
      Lock icon Rover unveils new MG
      59 48 AFP LONDON A Rover publicity photo showing the first new MG in 15 years, the 1.8-litre, four-cylinder MGF. The company will take the wraps ofT the 210 kmh car at the Geneva Motor Show today and the two-seater will go on sale in Britain this summer.
      AFP  -  59 words
    • Article
      Lock icon Austria will defy EU over open skies pact
      257 48 Bloomberg Business News TOULOUSE, France A top official at Austria's Transport Ministry said the government will defy European Union wishes and sign an "open skies" agreement with the US later in the week. The ministry official, Gerhard Stadler, said during a visit
      Bloomberg Business News  -  257 words
    • LOG BOOK
      • Article
        Lock icon HK's MTRC delays bond sale
        114 48 Bloomberg Business News HONGKONG Hongkong's Mass Transit Railway Corporation has postponed the first leg of a HKSIO billion (SSI.9 billion) financing that was announced in January, the Eastern Express newspaper reported yesterday. MTRC treasurer James Lau said delays in drafting the documents for the first
        Bloomberg Business News  -  114 words
      • Article
        Lock icon India plane narrowly misses buffalo
        70 48 AFP NEW DELHI A flying instructor had a narrow escape when a plane he was piloting hit a buffalo while landing in the northern Indian town of Hissar, The Times of India newspaper reported yesterday. The Pushpak aircraft was damaged in the accident on Saturday,
        AFP  -  70 words
      • Article
        Lock icon Nissan to continue cost-cutting
        116 48 AP TOKYO Nissan Motor Co, Japan's second-largest automaker, plans to continue aggressively cutting production costs and the size of its work force over the next three years, a company official said yesterday. A Nissan official said the moves were meant to make up for the effects
        AP  -  116 words
      • Article
        Lock icon Pacific nations meet over airline pact
        131 48 AFP MAJURO A summit of leaders from four of the smallest Pacific Island nations opened here last week to flesh out details of what could be the first mid-Pacific agreement on airline cooperation. The presidents of Nauru and Kiribati and the prime minister of
        AFP  -  131 words
    • Article
      Lock icon Daewoo, Australia's Steyr acquire biggest Czech truck maker
      190 48 AFP SEOUL A consortium of South Korea's Daewoo Group and Australia's Steyr Co has acquired a controlling 50.2 per cent interest in the biggest truck maker in the Czech Republic, a Daewoo spokesman said yesterday. The takeover of the Czech Republic's state-run
      AFP  -  190 words
    • Article
      AIRCRAFT ARRIVALS AND DEPARTURES
      1720 48 aty nm rr> FigM no_ run no nm m> Abu PhaM GA974 2245 Mm** SQ989 1720 SQ990 0125 Adelaide QF81 1930 QF82 2050 6ww SRI 83 2140 SQ228 2110 Hanoi VN741 1310 VN740 1410 Amsterdam KL837 1540 GAJB92 0010 TG407 2120 MI896 1920 GA897 1655 KL844
      1,720 words
    • Article
      Lock icon India seeks partner for light combat aircraft project
      299 48 UPI NEW DELHI India is talking to several countries to find a partner interested in developing a new light combat aircraft, a senior defence research official commented yesterday. Defence Research and Development Organisation director APJ Abdul Kalam said New Delhi hoped to
      UPI  -  299 words
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