The Business Times, 21 March 1995

Total Pages: 50
1 50 The Business Times
  • 11 1 Business Times WE KNOU Alfy MITA(P) 194/12/94 Tuesday March 21 1995
    11 words
  • 2am LATEST
    • 67 1 Reuter NEW YORK Wall Street stock prices were mixed in subdued trading yesterday as the market paused after last week's run to record highs. The *Dow Jones Industrial Average was up 3.46 points at 4,077.11 at Ipm EST. In the broader market, declining issues led advances
      Reuter  -  67 words
    • 32 1 Reuter MONTREAL Canadian commuters struggled to get to work in major cities and some manufacturing plants closed yesterday as a nationwide rail strike crippled Canada's transportation system. Reuter
      Reuter  -  32 words
  • 170 1 Stock market Mm Monday Change STII 2,091.54 -10.29 KLSEComp 969.35 +8.92 Nikkei 16,129.96 -121.27 Hang Seng 8,594.43 +59.72 SET Index 1,184.82 +4.20 Jakarta Comp 426.94 +0.27 Manila Comp 2,305.91 -45 Taipei WPI 6,541.58 -46.38 Seoul Comp 956.87 +5.53 Bombay BSE30 dosed CLSA China B 807.94 +2.93 Aust All
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  • 531 1  -  By Conrad Raj SINGAPORE The Thakral group, one of Singapore's biggest non-Chinese businesses, is going public with a listing here of its Hongkong and China operations. In-principle approval has been given for the listing of Thakral Corporation, as the entity is
    531 words
  • 223 1 SINGAPORE Asian stock markets closed mixed yesterday with the Japanese market losing for the third straight session to finish at a 15-month low. The falling US dollar was on the back of most investors' minds after the greenback plunged miserably during
    223 words
  • 220 1 SINGAPORE The Singapore International Monetary Exchange has appointed a high-powered international panel to raise investor confidence and protect it against any future Barings-type crisis. The panel, headed by Goldman Sachs limited partner and former Chicago Board of Trade chairman John Gilmore, will: Advise Simex
    220 words
  • 330 1  - Singapore tops the ratings again 8y Chuang Peck Ming SINGAPORE The United States-based Business Environment Risk Intelligence consultancy (Bcri) has again voted Singapore tops among 47 countries for government proficiency. Switzerland, which led the ratings from 1980 to 1991, retains runner-up slot in 1994. Taiwan stays at number three. Only
    330 words
  • 140 1 SINGAPORE The Ministry of Foreign Affairs yesterday advised Singaporeans to postpone travel to the Philippines for the time being unless their trip was vital. The ministry issued the latest advisory which follows an earlier one issued on Saturday because developments since then have
    140 words
  • 364 1  -  By Conrad Raj SINGAPORB Germany's Deutsche Telekom is said to have beaten several international competitors to win a 25 per cent stake in Indonesia's up-and-coming telecommunications group, Satelit Pa I a pa Indonesia (Satelindo). Sources said an agreement would be signed today in
    364 words
  • 363 1  -  From Loh Hui Yin in BANGKOK AFTER two earlier measures this month failed to stem the falling stock market. Thailand's 44 stockbrokers are to establish a 20 billion baht fund (SSI.I billion) of their own to shore up
    363 words
  • Page 1 Advertisements
    • 163 1 f* PREVENTS SWEAT RASH I AND CHAFING! f T7 f ft 3B Available at pharmacies and supermarkets CONTENTS News Companies S pore News 2 S'poreM'sia 21.22 Regonal News 3.4.6 Financial 25, 26 World News 8.10 Features Markets Analysis 19 CW>/W.S£. S£S 28 30 Editorial 18 Regional 28 Sports 12 World
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    • 21 1 Property Construction: p>> 13 S'pore investors target London properties Dollar hits new low of 88.65 against yen before recovering, Pg 20
      21 words
    • 15 1 Hock Lock Siew: Pg 21 Thai bourse's artificial boost Minister offers to quit. Pjj 3
      15 words
    • 101 1 PREVENTS SWEATY SMELLY FEET! 14 Jtfff W °RKS! Available at pharmacies and supermarkets Bottom Line: Pa 20 Is JSE ready for competition? Hock Lock Siew: Artificial boost benefits speculators, Pg 21 CORPORATE EARNINGS: NOL, down 16%, Pg 21 Acma, up 59%, Pg 21 San Teh up 14.3%, Pg 22 Broadway
      101 words

  • SINGAPORE NEWS
    • EYE on the ECONOMY
      • 235 2  -  By Jenny Lam AFTER the usual round of year-end merrymaking, consumers slowed their bout of eating out in January. Sales at restaurants, fast food outlets and other eating places dipped 8.7 per cent in January, according to the Catering Sales Index. The index, compiled by
        Source: Dept of Statistics  -  235 words
    • 638 2  -  In Parliament Yesterday By Ven Sreenivasan ARE Singapore's labour laws outdated? Several MPs seem to think so. During the debate on the budget for the Labour Ministry, Othman Haron Eusofe (Marine Parade GRC) and nominated MP John de Payva argued that some
      638 words
    • PARLIAMENT BRIEFS
      • 108 2 ADVANCE directives the new name for living wills will be strictly a voluntary affair, said Health Minister BG George Yeo in response to queries from Loh Meng See and Tan Cheng Bok. "No one is forced to do an advance directive, no one will be
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      • 94 2 BG George Yeo called on local traditional Chinese medicine (TCM) practitioners to regulate themselves. BG Yeo was replying to members warning against unqualified practice. BG Yeo said that even China's own traditional medicine industry was regulated lightly. But he noted that TCM practitioners here had
        94 words
      • 97 2 The Ministry of Health will not regulate the medical insurance industry, said BG Yeo, in response to queries from John Chen. BG Yeo said the existing regulatory framework under the Monetary Authority of Singapore was sufficient to check insurance malpractices. Dr Chen raised the
        97 words
      • 55 2  -  By Michelle Low DR ALINE Wong reassured the House that eost rises at restructured hospitals are under control, in response to a query from Othman Haron Eusofe. To a question from Dr Chen, she said the hospitals will stick to the revenue cap system to
        55 words
    • 370 2 THE Travel 95 fair held at the weekend chalked up sales of $17 million, a 19 per cent increase on last year. The fair held over two-and-a-half days this time, compared with three days last year also attracted a record 36,100
      370 words
    • 314 2  -  By Quak Hiang Whai SINGAPORE'S fiscal and bal-ance-of-payment flexibility ensures that it can cope with a slowdown in external demand or a partial erosion of external competitiveness over the long term, says credit rating agency Standard Poor's. The country's current account and
      314 words
    • NEWS ROUNDUP
      • 75 2 THE National Wages Council, which is deliberating on its guidelines for 1995/1996, invites the public to send in their views on subjects including: implementation of and refinements to the flexible wage system; training and re-training of workers; employment and pay of older workers; and two half-yearly
        75 words
      • 68 2 THE chief executive of the Singapore Tourist Promotion Board, Tan Chin Nam, has been awarded the prestigious Eisenhower Exchange Fellowship in the US. Mr Tan will be Singapore's representative at its 1995 Multi Nation Programme. He will join 20 other fellows from 20 countries for the
        68 words
      • 101 2 SONY yesterday opened its first World Repair Parts Centre outside japan. The US$5 million (557.05 million) centre, in Tuas. will supply parts to customers throughout the world. At the official opening yesterday, the senior general manager of the Japan World Repair Parts Centre, Tsukasa
        101 words
      • 78 2 THE administration block of the former Nanyang University will be developed into a centre to promote the better understanding of Chinese culture and Chinese communities around the world. The Singapore Federation of Chinese Clan Association (SFCCA) has requested the Nanyang Technological University Council
        78 words
    • 248 2 ACTION taken by Asian governments against Australian interests has led to some change in the attitude of the Australian media. Senior Minister Lee Kuan Yew said last night. For example, the media there is less ready to mock Malaysian leaders, he said.
      248 words
    • 369 2  -  By I A J Leow SINGAPORE-BASED property and hotel group Teo Teck Huat has been given approval by the Vietnamese authorities to build a US$4O million (5556.4 million) twin-tower office complex in Ho Chi Minh City. The complex, named Central Park,
      369 words
  • Page 2 Advertisements
    • 159 2 VIS 10 NIR EAUT? 750 A Chai Chee Industrial Park is ideally A located close to new towns, offering the wlr convenience of a ready pool of skilled workers, '*> as we as eas y accessibility to the rest of Singapore through an extensive transportation xißtdokrmitimbanit**"{" network. In every aspect,
      159 words

  • SOUTH-EAST ASIA
    • 461 3 Bernama KUALA LUMPUR Malaysia's expected current account deficit ot almost 10 per cent of gross national product is a result of over-investing at the rate of around 42 per cent of GNP, an economist said yesterday. Dr Ghazali Atan said such high
      Bernama  -  461 words
    • 410 3  -  Indonesia's arrest of three fails to deter unrecognised journalist association From Leslie Lopez in JAKARTA THE Alliance of Independent Journalists (AJI) said yesterday that it would continue to publish the unlicensed monthly magazine, Inciependen, despite the recent arrest of three of its members. "It is
      Reuter  -  410 words
    • NOTE BOOK
      • 73 3 Reuter MAE SAI, Thailand More than 3,000 people have fled to Thailand alter a battle in the north-eastern Myanmese border town of Tachilek between minority Shan rebels and Myanmese government troops. Thai officials said yesterday. The refugees were camping out at five Buddhist temples in
        Reuter  -  73 words
      • 82 3 Reuter BANGKOK Thailand's Commerce Ministry has told rice exporters they will be given preferential treatment for other export deals if they cooperate in selling rice to Iran. Ministry officials announced the preferential conditions when they told exporters of a new offer to pay 7,623 baht
        Reuter  -  82 words
      • 73 3 Reuter MANILA Investment interest in the Philippines remained strong in the first two months of 1995, government figures show. The Board of Investments (BOI) said it approved 36.55 billion pesos (Ss2 billion) worth of investment proposals, 300.86 per cent up on the 8.87 billion pesos of
        Reuter  -  73 words
      • 77 3 Reuter JAKARTA A major earthquake with an estimated magnitude of 7.1 on the Richter scale shook the Irian Jaya province of Indonesia early yesterday, but there were no immediate reports of damage. The US Geological Survey said the earthquake hit the remote, jungle-cropped region at
        Reuter  -  77 words
      • 56 3 Reuter JAKARTA Austrian President Thomas Klestil arrived in Indonesia yesterday for a visit officials hope will increase bilateral economic relations. An official at Jakarta's Halim airport said Mr Klestil was accompanied by several ministers and Austrian business executives. Mr Klestil, whose visit ends tomorrow, will hold
        Reuter  -  56 words
    • 263 3 Reuter BEIJING China and the Philippines held the first day of talks on the disputed Spratly Islands yesterday after Philippine President Fidel Ramos accused Beijing of a military build-up in the South China Sea archipelago. Neither side would comment on whether the talks,
      Reuter  -  263 words
    • 287 3 Reuter HANOI Vietnam has banned the conversion of rice fields for industrial use to maximise rice production in a decision which could affect foreign investors, a semi-official newspaper reported yesterday. The ban could especially disrupt plans for industrial zones and big factories
      Reuter  -  287 words
    • 205 3 BernamaKyodo TOKYO Asean, Japan, China, South Korea and the European Union (EU) are likely to hold an economic summit in Thailand between February and April next year, the Asahi Shimbun newspaper reported yesterday. The possibility grew out of a high-level
      Bernama- Kyodo  -  205 words
    • 199 3 AFP MANILA Philippine Foreign Secretary Roberto Romulo offered to resign yesterday amid mounting public anger here over the government's handling of the hanging of a Filipina maid in Singapore last week. The minister's offer came as the government considered a proposal to
      AFP  -  199 words
  • Page 3 Advertisements

  • CHINA/HONGKONG/TAIWAN
    • 443 4 Reuter BEIJING China's Communist Party chief has ordered an offensive against unplanned babies, especially among farmers and migrant labourers, to control ballooning numbers in the world's most populous nation. In a speech carried on the front of national newspapers yesterday,
      Reuter  -  443 words
    • 433 4 Reuter HONGKONG China's aim of bringing inflation down to 15 per cent this year is unattainable without harsh measures that could hit Hongkong businesses, a businessman who serves as an adviser to Beijing said yesterday. "Given the present situation. unless draconian
      Reuter  -  433 words
    • 342 4 AFP TAIPEI Taiwan will embark on a market-oriented policy toward improving relations with China, including the reduction of barriers to direct trade, a senior official said yesterday. "The mode of our future economic ties with the mainland will be market-oriented,
      AFP  -  342 words
    • CHINA WATCH
      • 73 4 Reuter TOKYO The governments of Japan and China have agreed on the outline of a project under which Japanese firms would help to link the cities of Shanghai, Nanjing and Hangzhou with fibre-op-tic cable, Japan's Posts and Telecommunications Ministry said yesterday. The total cost of
        Reuter  -  73 words
      • 66 4 Reuter TAIPEI The head of Taiwan's biggest commercial bank was named central bank governor in succession to 64-year-old Liang Kuo-shu. currently on sick leave in the US, whose resignation was announced earlier yesterday. Sheu Yuan-dong (right). 68, current chairman of the Bank of Taiwan,
        Reuter  -  66 words
      • 58 4 AFP SHANGHAI The People's Bank of China (PBC) has removed the top officials of 10 financial institutions from their duties for violating banking regulations, a newspaper reported yesterday. The Xinmin Evening News said that the offences included giving out illegal loans, setting up businesses and increasing
        AFP  -  58 words
      • 65 4 Reuter BEIJING The south-cast Chinese province of Fujian will invest an average of eight billion yuan (SSI.3 billion) a year, including foreign capital, over the next six years in its power industry, the Xinhua news agency reported yesterday. Fujian plans to build four large hydro-power
        Reuter  -  65 words
      • 84 4 AFP TAIPEI Taiwan's foreign assets topped the US$lOO billion (S$ 141 billion) level for the first time in February, the Central Bank of China (CBC) said yesterday. The island's foreign exchange reserves hit an all-time high of U5595.2 billion at the end of February and
        AFP  -  84 words
      • 78 4 Reuter TAIPEI Fears that a major earthquake may hit Taiwan soon have caused people to cancel trips to the east, hotel operators and officials said yesterday. Fear originated in a purported prediction by an unidentified Japanese earthquake professor, widely carried by local newspapers. He predicted an
        Reuter  -  78 words
  • Page 4 Advertisements
    • 400 4 CHINA INDIA I HONG KONG 1 VIETNAM I l THAILAND K 1 1 MALAYSIA I I I SOUTH KOREA 11//// Nr C TAIWAN I PHILIPPINES SINGAPORE UNITED BASIC REGIONAL FUND. UNITED ENHANCED REGIONAL FUND Wfcre United With its booming economies consistently yielding the Basic Investment Scheme (BIS) Created with the
      400 words

  • Page 5 Advertisements
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  • REST OF ASIA
    • 445 6 Reuter SYDNEY A large fall in the volume of Australian housing finance in January is expected when figures for the series are released today, mostly as a correction to December's 16.2 per cent rise, economists said. A Reuters survey found
      Reuter  -  445 words
    • 87 6 Reuter TOKYO A toxic gas released at 16 subway stations during morning rush-hour yesterday killed six people and injured more than 1,500 in what the government said was murder. The fumes hit two major subway lines carrying commuters into Tokyo's business district. Investigators
      Reuter  -  87 words
    • 176 6 Reuter SYDNEY Papua New Guinea yesterday put out the welcome mat for foreign mining and oil firms, saying it will sell state-owned equity in big projects but conceding the re-source-rich nation is not for "faint-hearted" investors. Prime Minister Julius Chan declared his country was
      Reuter  -  176 words
    • 420 6 Reuter KARACHI Pakistani Prime Minister Benazir Bhutto says her government is committed to an economic reform programme with the International Monetary Fund (IMF) despite its failure to meet some of this year's targets. "For the government, an agreement with the IMF is
      Reuter  -  420 words
    • ASIA NOTES
      • 136 6 Reuter TOKYO Some Japanese economic indicators were affected by the January earthquake in central Japan, but the impact was not large enough to alter Japan's economic recovery, an Economic Planning Agency (EPA) official said yesterday. "Some indicators have been affected, but there is no impact
        Reuter  -  136 words
      • 104 6 AP SEOUL Australia and New Zealand will contribute to an international fund to help pay for replacements for North Korea s current nuclear reactors, a South Korean official said yesterday. The US$4 billion (555.6 billion) light-water reactors were promised by the United States in
        AP  -  104 words
      • 109 6 AFP SEOUL The South Korean capital's traffic nightmares are expected to worsen shortly because of widespread excavations needed to introduce cable television, the English-language Korea Times said yesterday. Some 85,000 construction projects, an average of 314 a day, are to be undertaken across Seoul during
        AFP  -  109 words
      • 120 6 Reuter NEW DELHI India, facing a large unfulfilled demand for natural gas. is considering imports from Indonesia. Bangladesh and neighbouring Myanmar among other countries. Petroleum Minister Satish Sharma said yesterday. "India currently produces about 55 million cubic metres of gas per day as
        Reuter  -  120 words
  • Page 6 Advertisements
    • 277 6 Why it has been so First phase almost sold out. Why the success of this development? Li tI r~~Wily?rffahfri HHHQB -r > J LOCATION really good ULTRA-MODERN DESIGN im.e-w M island-wide accessibility via distinctive high tech < HDB Est Of# /Jp /Jf BM the PIE. exterior, efficient interior CONVEN ENCE
      277 words

  • Page 7 Advertisements
    • 156 7 Eco power. Saab 9000. Ecopower is a turbocharged engine that gives you real turbo power. But it's fuel-efficient. And low on emissions. The ideal turbo for a family car. Because high torque is provided even at lower engine speeds. So overtaking distances become shorter and safer. City driving smoother and
      156 words

  • THE WORLD
    • 427 8 Reuter BONN German Finance Minister Theo Waigel has urged the post ministry not to press ahead too boldly when it liberalises the domestic telecommunications market in 1998, political sources said. In a letter to Post Minister Wolfgang Boetsch, Mr Waigel pointed out the
      Reuter  -  427 words
    • 339 8 AP BEIJING Global meetings such as the Copenhagen conference on poverty are useful, and they are economical because staging one costs less than a fighter plane, a UN official said yesterday. The United Nations has played host to six major international
      AP  -  339 words
    • 440 8 Reuter BRUSSELS A battle of almost religious proportions is being fought in Europe, pitting the devout, agnostics and atheists against each other. It is a war being waged at the highest and the lowest levels of society. But it is not about
      Reuter  -  440 words
    • 244 8 Reuter BRUSSELS European Union finance ministers have asked the European Commission to re-work its plan to provide for the marketing of investment funds throughout the EU. The plan is currently blocked at the ministers' level. "Ministers agreed without debate to send
      Reuter  -  244 words
    • 136 8 Reuter BONN Former German Chancellor Helmut Schmidt has accused the powerful Bundesbank of blocking the creation of a single European currency by linking the unit to closer political integration in the European Union. In an interview with German radio on Sunday, Mr Schmidt criticised Bundesbank
      Reuter  -  136 words
    • WORLD WATCH
      • 82 8 Reuter MOSCOW Russia plans to reduce crude oil export tariffs to 21 ECUs (SS39) a tonne in the second quarter of this year, 19 ECUs in the third quarter and 17.6 ECUs in the fourth quarter, the Sevodnya newspaper said on Sunday. The export
        Reuter  -  82 words
      • 85 8 Reuter RIYADH US Defence Secretary William Perry on Monday praised Saudi Arabia as "an island of stability in a sea of trouble", and thanked the kingdom for its promise of continued American military access to air bases and seaports to face Iraq and Iran.
        Reuter  -  85 words
      • 68 8 Reuter VIENNA Austrian Economics Minister Wolfgang Schuessel said on Sunday that the insolvency of Austrian retail cooperative Konsum is a tragedy. Konsum. Austria's second biggest retail chain, has said it plans to call in the receivers in the next 10 days. Under Austrian law, that
        Reuter  -  68 words
      • 39 8 Reuter FRANKFURT Germany has revised its 1994 current account deficit down to 36.7 billion marks (5537.2 billion) from an originally reported 55.6 billion marks by eliminating tax distortions, the Bundesbank said yesterday. Reuter
        Reuter  -  39 words
    • 438 10 AP WASHINGTON The wideranging Whitewater investigation is zeroing in on a central issue: Did Arkansas lending institutions violate laws to help finance the political and personal fortunes of Bill Clinton and other prominent politicians? That question will take centrestage in next month's
      AP  -  438 words
    • 524 10 Los Angeles Times HOLLYWOOD High-tech billionaire Paul Allen has disclosed he is committing US$5OO million (SS7OS million) to Dream Works, giving the new studio being formed by entertainment moguls Steven Spielberg. Jeffrey katzenberg and David Geffen its single biggest investment. The computer software entrepreneur's
      Los Angeles Times  -  524 words
    • 509 10 Mexican central bank moves to strengthen peso, stabilise markets AFP, FT MEXICO CITY Mexican banks will be allowed to trade in currency futures and options in the Chicago Mercantile Exchange for 90 days for themselves and their clients, the Bank of Mexico said. The measure is to enable banks and
      AFP,; FT  -  509 words
    • 453 10 AP. AFP, Reuter WASHINGTON President Clinton called British Prime Minister John Major on Sunday to case London's anger over the warm White House reception given to an ally of the Irish Republican Army (IRA). Administration officials said the two leaders
      AP.; AFP,; Reuter  -  453 words
  • Page 8 Advertisements
    • 207 8 ENBLOC SALE ONLY* 16 STRATA UNITS ON TWO FLOORS Ideal for investment or owner occupation 3 3 3 33RS,S3^|S Subject Premises sth 6th storey of Amtech Building Location Sin Ming Road Total Area Available Approx 90,000 sf Tender Contiguous Floor Plate Approx 45,000 sf each floor Closing Usage Factory Date:
      207 words

  • Page 9 Advertisements
    • 346 9 Combine one vendor's servers with another's PCs sharing a to be vendor-neutral and able to shoulder full responsibility, third company's printers on a LAN hooked up to a mainframe, That's us. Digital Multivendor Customer Service is a and what do you have? completely independent business unit. Many of our customers
      346 words

  • Page 10 Advertisements
    • 141 10 ■F £^^M L £g^« /I S*£k n^v/ Temperature Warm Sandwiches Bk. K .1 Open-Face jflM r|| |fa||r Cnlled "My mood was as black as my double espresso. But then in came that Texas Ranger at The Mezzanine,- a hunk of homebaked beer bread drizzled in Southern-style chilli butter, reclining on
      141 words

  • Page 11 Advertisements
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      280 words

  • SPORTS
    • SIDE LINES
      • 132 12 AP SIN I RA, Portugal Adam Hunter hirdied the first extra hole after blasting out of a bunker within 2 metres of the pin, beating Darren Clarke in a sudden-death playotT to win the Portuguese Open for his first PGA European Tour victory. Hunter, a 31-year-old
        AP  -  132 words
      • 149 12 AFP SAN DIEGO After a day of uproar at the America's Cup. the wind on Sunday was so light only 2 or 3 knots most of the day that defender boats Young America and Stars and Stripes did not even try to start a race.
        AFP  -  149 words
      • Article, Illustration
        47 12 Reuter MILLSTREET, Ireland World Boxing Organisation supermiddleweight champion Chris Eubank falling onto the canvas in the eighth round of his bout against Irishman Stephen Collins on Saturday. Collins, who won a unanimous points decision, is also the world title-holder for the middleweight class. Reuter
        Reuter  -  47 words
      • 116 12 AP DUNEDIN Sri Lankan scam bowler Chaminda Vaas claimed career-best figures of 6-87 to help dismiss New Zealand for 307 in the second cricket Test yesterday at Carisbrook. New Zealand took a first-innings lead of 74 on the third day and at stumps the Sri
        AP  -  116 words
    • 992 12 The Return of Michael Jordan NYT INDIANAPOLIS It was the kind of hullabaloo reserved for coronations, or when Elvis or a spacecraft is sighted. Michael Jordan, His Airness, the World's Greatest Hoopster, was returning to basketball and the Chicago Bulls, and much of the
      NYT; Reuter  -  992 words
    • 563 12 Golf NYT ORLANDO. Florida A few years ago. Arnold Palmer came close to selling his Bay Hill Club. The deal fell through. After what happened on Sunday he might want to just deed it over to Loren Roberts because, in a manner
      NYT; Reuter  -  563 words
    • 697 12 Five Nations review AFP PARIS England emerged as Europe's leading World Cup hope as they elinched the Five Nations Grand Slam last week. "Bring on the world," the Sunday papers crowed, while captain Will Carling had just one word for his team "brilliant". So
      AFP  -  697 words
    • SCORE CARD
      • Article, Illustration
        278 12 NEW YORK NBA on Sunda>: Charlotte 108 Utah 104; Indiana 103 Chicago (OT): Washington 96 Cleveland 90: Milwaukee 95 Boston 94: Houston 114 Philadelphia 103; Minnesota 96 LA Clippers 93; Miami 117 Phoenix 121 (OT); Golden State 117 Detroit 115: LA Lakers 121 Sacramento 116. Standings (W L Pet
        278 words
      • Article, Illustration
        194 12 ORLANDO, Florida L'SSI.2 million (SSI.7 million) Nestle Invitational final rd on Sunda> (LS unless stated): 272 Loren Roberts 68-65-68-71 274 Brad Faxon 69-70-64-71 275 Peter Jacohsen 70-68-68-69 277 Steve Strieker 67-72-69-69 278 Duffv Waldorf 71-72-70-65. Nick Kaldo (GB) 71-73-66-68. Jay Haas 72-69-69-68. Mark McCumber 69-70-69-70. Jesper Pamevik (Swe) 67-72-67-72.
        194 words
      • Article, Illustration
        407 12 KKV BISCAY'S K, Florida LSS4.I million Upton Championships on Sunda> Men's 2nd rd: I-Pete Sampras (US) b Derrick Rostagno (US) 6-3 6-2: Bernd Karhacher (Gcr) b Richey Reneberg (US) 6-3 6-3; Jan Sicmerink (Neth) b Olivier Delaitre (Fra) 6-7 (6/8) 6-3 6-3: Karsten Braasch (Ger) b 11-Stefan Edberg (Swe)
        407 words
  • Page 12 Advertisements
    • 194 12 A Feast That's Out Of This World, Need Not Cost The Earth. FOUR-VARIETY COLD DISH COLD DISH DELUXE LOBSTER COLD DISH BRAISED SHARK'S FIN WITH BRAISED SHARK'S HN BRAISED SUPERIOR SHARKS FIN CRAB MEAT ROAST SUCKLING PIG ROAST SUCKLING PIG WHBPmKBK ROAST CHICKEN I STEAMED GAROUPA STEAMED POMFRET JHt STEAMED
      194 words

  • PROPERTY & CONSTRUCTION
    • 716 13  -  Singapore property investors are heading for London despite the 13-hour flight and the wet and cold winters. Abdul Hadhi finds out why Abdul Hadhi AT TRACTIVE yields and bargain prices are drawing Singapore property investors to London. According to property consultants, the past year
      716 words
    • 910 15  -  Yogi Aggarwal on the reasons behind the skyrocketing prices Yogi Aggarwal THE runaway boom in Bombay property prices has slowed down in recent months. Property brokers report a stagnation in a market that saw prime property rates in south Bombay touch the
      910 words
    • 231 15 THE marketing of TeleTech Park, which will cater to research and development functions of companies in the telecommunications and information technology industries, will start today. A spokesman for the Park said yesterday that it will have a lettable area of 18,000 sq metres. The
      231 words
    • Article, Illustration
      239 15 Selected transactions in the past week mkUmamm iiThi m m i i in run in mi nniiiii iimi Date of Built in areaI Sale price franaaction Distnct ?T0 T W» land area (»q ft) T ur (S$) PRIVATE Mar 13,1995 1954 Simon Place Townhouse 2720 999 1.245.000 458
      239 words
  • Page 13 Advertisements
    • 241 13 District 10-Stevens Anderson Road PRIME FREEHOLD RESIDENTIAL DEVELOPMENT SITE FOR SALE BY TENDER X. VY Large land area of 70,958 sq ft •pinetree\\ Potential residential plot ratio of 1.6,10 storeys ideal for condominium redevelopment Double frontages Mi Proximity to Orchard Road/CBD HI Excellent accessibility and convenient to amenities shanqrwj"*33 Tender
      241 words
    • 29 13 Find a new rider for your wheels Pedal your wheels tc all kinds of people and clean out your store room with a convenient, fast-acting classified ad. CATS. 1800-737-1166
      29 words
    • 1421 13 Oi£<sMMN* Superior Metal Printing Limited (Incorporated in Singapore) The Directors are pleased to announce the unaudited results of the Group and of the Company for the year ended 31 December 1994 PROFIT STATEMENT Group Company Change Change 1994 1993 1994 1993 $000 000 $-000 $000 la. Turnover (4(a)) 33,649 31,138
      1,421 words

  • Page 14 Advertisements
    • 489 14 A Pre-Owneil Lexus outperforms, outshines and confidence of a regular and exacting Lexus service. may seem rather generous. But honestly, have you outlasts most new cars that just rolled off the But just because a Lexus is a Lexus, doesn t ever known Lexus to compromise on standards? assembly line.
      489 words

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    • 262 15 k wM J I i I 1 I I The High Life.The High Seas, j I The Low Price. I H H 80 I I As you sup caviar and sip champagne on board pampered by the experienced international crew as you II n one of Asias ultimate luxury cruise
      262 words
    • 32 15 Business News Served Hot. WHILST BRIDGE downunder ES Directions The Business Magazine Available at all leading bookstores and news stands. For subscription and enquiries please call or fax. Get your DIRECTIONS today.
      32 words

  • Page 16 Advertisements
    • 1010 16 HfcVj'fl WHERE TO WINE, DINE AND ENTERTAIN JOKING OK frtf JMJVi't.l wl i IW > I II mq L Homecookftd Pitta H everyday only *L Pi Pitfi Ffttct f L| P« Salvator* |H flf 10 Varieties of Pasta jPjl pf| 20 different sauces IL®i And all-time Italian favourites A J||
      1,010 words
    • 375 16 17 to 26 March 1995 Pine Court Here's a chance for you to sample cuisine from Chengde's Ching Dynasty Summer Palace. //p> Experience the way game and poultry are prepared Chengde style, and savour dishes specially created by our guest chefs from Chengde City. For more INm information, please call
      375 words

  • LIFESTYLE
    • 689 17  -  Despite the minimal stage treatment, James Taylor manages to win over his audience, says Shahiron Sahari Shahiron Sahari YOU KNOW when you go to a James Taylor concert thai there will be no cutting edge music, no tight choreography, no whiz-bang theatrics, no
      Photo by Alvin Toh of The New Paper  -  689 words
    • 303 17 CHATTERBOX Reuter AP AP BRITISH actor Nigel Hawthorne attended the European premiere of his film The Madness of King George on Sunday, but said he didn't think he had much chance of winning the Oscar he has been nominated for. He told reporters his chances
      Reuter; AP  -  303 words
  • Page 17 Advertisements
    • 419 17 WHERE TO WINE, DINE AND ENTERTAIN Olde English Eating House 277 Orchard Rd #02-38 Specialists' Centre S (0923) CRD P 48S f I When you spend $25/- or more at Fosters for lunch Jjj or afternoon tea from Mon-Sat, show us your valid HI daily or monthly CBD pass $2/-
      419 words
  • Page 17 Miscellaneous
    • 502 17 1 WEATHER I Singapore: Showers over several areas in the afternoon. Temperature (24-32*) Asia-Pad* W/U* Cm*. Earafa W/U' Cmi. Buenos A#es 24 14 Cloudy Auckland 30/13 Cloudy Amsterdam 09/04 Cloudy Chicago 1102 Cloudy Bangkok 34/22 Sum* Athens 16,156 Cloudy HoroMu 27 19 Cloudy Bering 11/-2 Sunny Berkn 10/02 Cloudy Houston
      502 words
    • 741 17 TV RADIO The Rock Island of Patau, 9pm, Ch 12 A look at the stunning rock Pacific Ocean. Knights of the Shining Piddock, L* 10.30pm, Ch Marine biologists Robert and Jan Knight the common piddock. a shellfish that se- Jr i cretes a luminescent blue fluid v W J I
      741 words

  • 512 18 EDITORIAL, THERE was a time when shoals of fish in the North Atlantic were so dense they slowed the passage of ships sailing off the coast of Newfoundland, Canada's most westerly province. No more. Cod was a staple for decades. When it was wiped out, the
    512 words
  • WHAT THE OTHERS SAY
    • 226 18 SINGAPORE may have a valuable contribution to make to the worldwide quest for ways and means of tackling the rising incidence of crime by young people. The search is for correctives that go beyond orthodox punishment, and while there can be no justification for mollycoddling young offenders
      226 words
    • 189 18 FINANCE MINISTER Richard Hu has strong reasons for maintaining a surplus budget policy. However, many MPs seem unhappy with the huge saving of $5.8 billion and argue that the sum can be used to offset the effect of spiralling costs among the people and companies.
      189 words
    • 182 18 THE ATTITUDE, comments and behaviour of some Philippine media, politicians and agitators with regard to the recent hanging of a Filipino maid cannot be a reflection of Manila's stand on the issue. Whatever difficulties it may have, we believe the Philippine government truly believes in the principle
      182 words
    • 118 18 INCREASINGLY, the laissez-faire economy is becoming more of a reality in Malaysia. Public utilities have largely been corporatised as they gear themselves for ultimate privatisation, thus reducing the economic activity of the state. Under such capitalist policies, the social consequence must inevitably be stratification, with rich and poor
      118 words
    • 157 18 ON MONDAY, the Chuan government announced that it was beefing up efforts to tackle the oil smuggling trade including the possible formation of a marine task force to coordinate operations against offshore smuggling rings. The task force will comprise the Navy, Marine Police, the Excise,
      157 words
    • 161 18 CHINA'S law-making body, the National People's Congress, must be giving the Chinese leadership deep pause for thought. During the final days of the twoweek session, which ended yesterday, members of the usually compliant NPC sent a signal that all is not well. What is behind the unprecedented
      161 words
  • 938 18  -  Despite the benefits to he reaped from a monetary union, disagreements over how far it should go are proving stumbling blocks. Salil Sarkar reports Salil Sarkar The writer is a Paris-based journalist who contributes to BT OFFICIALLY, the exciting moment when the
    938 words
  • Page 18 Advertisements
    • 308 18 For more than a century 7 and a half, Patek Philippe has been known as the finest watch in the world. The reason is very simple. It is made differently. It is made using skills and techniques that others have lost or forgotten. It is made with attention to detail
      308 words
  • Page 18 Miscellaneous
    • 109 18 rr ooesM'T Mp\<e noting l-iwel pn trip totwc. 1 DON'T like. rT rivi "V s F ecJ_irJO OF uoeu.- DiffecToß'S FIOOR To PUT-mtfJGS IN TOO GOOD Pv roooO B€.>MG» NO COfJTfeMTMGNT... IN PeßsFfeCTi v/£. rm SE€.tNG UFe.TH3OOGW 1 T OOtC STftoU Pose COLO*JR£D sf^cTp<xes c *»»ocmrio ncwwtfm in>. iwhw 94Q5
      109 words

  • ANALYSIS
    • 1870 19  -  While Leon Hadar examines how Washington's economic focus abroad is being curtailed by the falling dollar as well as political and military considerations, Anthony Rowley finds Asian nations pondering if they should hitch their fortunes to a strong yen rather than a weak dollar Leon
      1,870 words
    • 1352 19 THE continuing decline of the US dollar has revived the idea of a "yen bloc" in Asia an area where the Japanese currency serves as the yardstick for exchange rates, trade and reserves. But while there are strong signs of a switch from dollars
      1,352 words
  • Page 19 Advertisements
    • 7 19 YOUR GUIDE TO MORE PRODUCTS SERVICES CATS.
      7 words
    • 229 19 Marie France Bodyline Business Times Readers Special! < INff One week only from 21 st to 25th March Take advantage of the benefits. Walk-in or call for a FREE consultation to receive.* CjSS WSft *Limited to first 50 customers. m 1 1. FREE! One free consultation and Fat Percentage reading
      229 words

  • 411 20 Reuter, AFP TOKYO The battered American currency slumped to a new record low of 88.65 against the yen in Tokyo trading yesterday morning, succumbing to a wave of selling by market speculators, before clawing back to trade around 89.40 yen
    Reuter,; AFP  -  411 words
  • 425 20 Reuter PARIS Fifty-two European nations, hoping to stop the flames of ethnic conflict spreading across the continent, yesterday put their seal to a "stability pact" intended to defuse disputes before they turn into Yugoslav-style wars. Foreign ministers from the IS-nation European Union (EU), Eastern Europe,
    Reuter  -  425 words
  • 365 20 AFP. Bernama KUALA LUMPUR Trouble is brewing in the skies between Malaysia Airlines (MAS) and its 700 pilots after flight captains who complained about long flights were told they could leave, officials said yesterday. The Malaysia Airlines Pilots Association (Mapa) met
    AFP.; Bernama  -  365 words
  • 216 20 AP Reuter BOMBAY India's biggest stock exchange will close for the second consecutive day today to enable officials to sort out problems caused by a 170 million rupee (Ss7.l million) payment default by a broker, a bourse official said yesterday. The Bombay
    AP; Reuter  -  216 words
  • 782 20  -  The Bottom Line WILLIAM CHIA WILLIAM CHIA The writer is a BT correspondent specialising in Indonesian corporate affairs THE TIME appears right for the Jakarta Stock Exchange management to do some soul-searching, now that president-director Hasan Zein Mahmud has been returned for
    782 words
  • 148 20 AFP NEW DELHI Dutch electronics giant Philips Electronics NV plans to enter India's newly-opened telecommunications sector and invest US$4OO million (***** million) to expand local operations, the company's chief said yesterday. Philips president Jan Timmer told reporters here that Polygram, a subsidiary-, would also
    AFP; Reuter  -  148 words
  • 400 20 Reuter SYDNEY Australia's foreign minister yesterday said his country's push to be seen as part of greater Asia had met resistance and suggested it might be more welcome if it identified itself as an East Asian nation. Gareth Evans said
    Reuter  -  400 words
  • Page 20 Advertisements
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      22 words

  • COMPANIES & MARKETS
    • EYE on your STOCKS
      • Article, Illustration
        48 21 Mixed 'Market Mood' indicates the likely trading sentiment today, based on brokers polled at 5-6pm yesterday. Overnight events may alter sentiment. Brokers polled: Alliance, Credit Lyonnais Securities. Daiwa. Fraser, GK Goh, Kay Hian, Morgan Grenfell, OngCo, Nomura, Phillip, Smith New Court, W1 Carr and SG Warburg.
        48 words
      • Article, Illustration
        114 21  -  By Paul Leo Further weakness can be expected of Lingui Development from yesterday's close of $3.18. This, however, should be taken as a buying opportunity as the stock is likely to rally soon to test its resistance at $3.94. A break above $3.94 will see further strength towards
        114 words
    • 537 21  -  By Rahita Elias SINGAPORE National carrier Neptune Orient Lines yesterday reported a 16 per cent drop in group net earnings to $62.6 million for the year to Dec 31, 1994. Its performance, which translates to a 22 per cent fall in earnings
      537 words
    • 252 21 SINGAPORE Ipco International may find it difficult to meet analysts' expectations on full-year earnings, going by its interim results released yesterday. The group reported a loss of $2.45 million for the six months ended Dec 31, 1994 against profits of
      252 words
    • 325 21  -  By Chew Farn Chyi SINGAPORE Metal container maker Superior Metal Printing (SMP) has bought a 70 per cent stake in stainless steel and aluminium products producer Hoover Stainless for $4.93 million. SMP managing director Steven Chan said yesterday the two
      Photo by Chris Loh  -  325 words
    • 666 21  -  HOCK LOCK SIEW By Loh Hui Yin BANGKOK The stock market is supposed to be a place where market forces prevail, but in Thailand, a contradictory phenomenon is taking place. Thai stockbrokers have decided to cough up their own money for
      666 words
    • 367 21  -  By William Chia SINGAPORE Electronics group Acma raised group net profit 59 per cent to 565.95 million last year, from $41.52 million in 1993. Releasing its unaudited results yesterday for the year to Dec 31. 1994, Acma said all major
      367 words
    • 105 21 Bernama KUALA LUMPUR The Kuala Lumpur Stock Exchange has been informed that one of the share certificates of Malaysian Mosaics Bhd had been tampered with. Lawco Corporate Services Sdn Bhd said the alteration was made on the certificate number, altering the figure *****4 to *****4.
      Bernama  -  105 words
    • COMPANIES
      • 299 22  -  From Ruth Wong in KUALA LUMPUR LISTED Malaysian companies submitted a total of 109 acquisition, takeover and merger proposals worth MSB.S billion (554.7 billion) to the Securities Commission last year, the Finance Ministry's parliamentary secretary Affifudin Omar said yesterday. This
        299 words
      • 277 22 SINGAPORE Rubber components maker San Teh has reported a 14.3 per cent increase in net earnings and declared a first and final dividend of eight per cent for 1994. The main board-listed group, which is the world's top producer of rubber keypads, made
        277 words
      • 154 22 MBT KUALA LUMPUR Malaysian International Shipping Corp has reported a group pretax profit of M 5581.43 million (*****.5 million) for the year to Dec 31, 1994, compared with M 5521.34 million in 1993. The result was achieved on a 19.5 per cent increase in turnover to
        MBT  -  154 words
      • 324 22 SINGAPORE Newly-listed Broadway Industrial Group and York Pacific Holdings both turned in improved results for 1994 yesterday. Mainboard counter Broadway posted group net earnings of $3.6 million in its maiden set of results, up 34.8 per cent from that in 1993. The foam products
        324 words
      • 358 22  -  By Shiv Taneja SINGAPORE United Overseas Bank is stieking to its target of raising $100 million for two CPF-approved unit trusts launched this month even though a trust launched by Credit Lyonnais has fallen $15 million short of its $40
        358 words
      • 236 22 Bernama KUALA LUMPUR Telekom Malaysia Berhad has signed a Memorandum of Understanding with seven international telecommunications services providers to form Skyways Alliance. "This alliance will facilitate the provision of global aeronautical satellite services to both airline and general aviation customers," a Telekom statement said
        Bernama  -  236 words
      • 263 22 SINGAPORE Singapore Technologies stable member SAL Industrial Leasing yesterday reported a 5.4 per cent increase in group net earnings to $10.6 million last year, up from SIO million previously. SAL said turnover in the year to Dec 31, 1994. rose 21 per cent to
        263 words
      • 272 22 MBT KUALA LUMPUR Landmarks Bhd is planning to list Oshbro Investments 92 (Pty) Ltd, which is handling the group's massive South African development project Samrand Development, on the Johannesburg Stock Exchange in three years, when it has made enough profits to
        MBT  -  272 words
      • COMPANY BRIEFS
        • 90 22 SINGAPORE L&M Group Investments Ltd said its wholly owned subsidiary L&M Foundation Specialist Pte Ltd has reached a joint-venture agreement with RDC (Vietnam) Pte Ltd. L&M Foundation will take up a 33 per cent stake in the new joint venture, called Concrete Technology, while
          90 words
        • 54 22 SINGAPORE Resources Development Corp has formed a new subsidiary, RBS Concrete Products, with a paid-up capital of $500,000. RDC will own 51 per cent of the stake, while its joint venture partners Bilcon Industries and Singapore Corporation of Rehabilitative Enterprises will hold 29 per cent and
          54 words
        • 28 22 SINGAPORE Comfort Group Ltd announced the appointment of Othman Haron Eusofe, Ong Ah Heng and Nancy Teo Geok Har as directors of the group.
          28 words
        • 26 22 SINGAPORE Investment fund United International Securities said its net tangible asset per share was $1.60 on Feb 28.
          26 words
        • 39 22 Bernama KUALA LUMPUR S&P Food Industries (M) Bhd posted a group pre-tax profit of M 54.02 million (552.22 million) for the year to Dec 31, 1994, compared with M 55.11 million in 1993.
          Bernama  -  39 words
        • 36 22 Bernama KUALA LUMPUR KIG Glass Industrial Bhd's group pre-tax profit rose to M$ 16.51 million (559.15 million) for the year to Dec 31, 1994, from M$l3.lS million in 1993. Bernama
          Bernama  -  36 words
        • 38 22 Bernama KUALA LUMPUR Malaysian Plantations Bhd said it had entered into a shareholders agreement with Perbadanan Memajukan Iktisad Negeri Terengganu for a proposed joint venture development of a piece of sea-front land. Bemama
          Bernama  -  38 words
      • 1408 22 Pa) meat Ex Books Pay date dose date \BR Hldgs 5* F 18 Jun 13 iun 19 Jun 30 Aumo 20* F I2.5TE Mar I Mar 7 Apr 15 Adcch 5* b 20TE May II May 16 May 31 BAT 21* F 4.I4N Mar 20 Mar 24 Apr 6 Better
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      • 374 23  -  Company attributes earnings decline to hiving off of hotel operations From Lim Soon Neo in HONGKONG REAL ESI ATE developer Sino Land, which spun off its hotel operations for a separate listing this year, yesterday reported a 9.6 per cent drop
        374 words
      • 56 23 Reuter BOMBAY Two security men of the Bombay Stock Exchange standing in an empty ring after trading was suspended yesterday following a 135 million rupee (555.7 million) default by a broker. The incident, which could affect up to 80 other brokers, was the largest default
        Reuter  -  56 words
      • COMPANY BRIEFS
        • 63 23 Bloomberg Business News PARIS Alcatcl Cable, a unit of Alcatcl Alsthom SA, yesterday said it agreed to sell its North American copper cable operations to Alpine Group Inc for about US$lOO million (S$ 141 million). The operations include three plants two in the US
          Bloomberg Business News  -  63 words
        • 67 23 Reuter LONDON British-based car and aerospace components company Lucas Industries pic said yesterday its pre-tax profit more than doubled in its first half, and said it expects the current rate of progress to continue. The company reported pre-tax profit of £44.5 million (5599.2 million) in
          Reuter  -  67 words
        • 46 23 Bloomberg Business News TOKYO Nippon Telegraph and Telephone Corp (NTT), the largest telecommunications company in Japan, will split its shares, probably in September, the Nihon Keizai newspaper said yesterday. NTT is expected to ofTer a 1 to 1.1 stock split, it said.
          Bloomberg Business News  -  46 words
        • 67 23 Bloomberg Business News SEOUL Kohap Co, South Korea's major textiles maker, will set up a US$l.2 million (551.69 million) joint venture to grow crops and raise livestock in Russia's far east, the Jooriß Ang Ilbo newspaper reported yesterday. The national paper said Kohap will
          Bloomberg Business News  -  67 words
      • 266 23 Bloomberg Business News HONGKONG Wharf (Holdings), struggling to break into cable television, may soon find shareholders Hipping channels. The Hongkong-based conglomerate, whose main real estate business probably helped boost total earnings by nearly a third last year, is straining to lure and
        Bloomberg Business News  -  266 words
      • 280 23 Reuter HONGKONG The first phase of Hopewell Holdings Ltd's Shenzhen-Guangzhou-Zhuhai superhighway did not incur huge cost overruns, said Alan Chan, Hopewell's project controller, yesterday. "We had US$BOO million (SS 1.128 billion) financing from international syndicating banks for this. Construction work (for phase
        Reuter  -  280 words
      • 350 23 MARKET Reuter HONGKONG Billionaire Li Ka-shing's property flagship, Cheung Kong (Holdings) Ltd, rises and falls with Hongkong's volatile market. And, analysts said yesterday, since the property market has had a weak year, Cheung Kong's 1994 profit growth is expected to slow. The giant
        Reuter  -  350 words
      • 298 23 Bloomberg Business News HONGKONG Whimsy hntcrtainment Co hopes to raise HKSSO million (SS9.I million) when it sells 25 per cent of its share capital in an initial public offering in Hongkong. The company, which operates indoor entertainment centres in Hongkong and Taiwan, is
        Bloomberg Business News  -  298 words
      • 650 24 Reuter ANTWERP World equity markets have started a major hear market which could last until 1996 and holding cash is the only safe strategy, says Nomura Research Institute Europe investment strategist Nicholas Knight. He said the stock markets of
        Reuter  -  650 words
      • 436 24 NYT SAN FRANCISCO Executives at Microsoft Corp have rejected assertions that the company plans to begin competing directly with news organisations this summer when it begins its Vlicrosolt Network on-line service. But ambitious electronic news-publishing services being prepared by software makers like Microsoft
        NYT  -  436 words
      • 570 24 NYT NEW YORK The billionaire John W Kluge and his associates have announced they will make an oiler for the Triton Group Ltd in a deal to make a complicated four-way, US$l billion (551.41 billion) corporate merger easier to achieve. Triton owns
        NYT  -  570 words
    • FINANCE & COMMODITIES
      • 498 25  -  By Shiv Taneja SINGAPORE American Express C o has not given up plans to forge into the credit card market in Asia, a senior Amex official told BT last week. Amex vice-chairman Jonathan Linen said that although the company had been held back
        Photo by Chris Loh  -  498 words
      • 397 25  -  By William Chia SINGAPORE PT Lontar Pulp Paper Industry is taking out a loan with a difference. The company has secured a commercial paper (CP) programme that comes with a standby letter of credit (LC) facility the first of its kind in
        397 words
      • 196 25 SINGAPORE Indonesianlisted Bank Surya and the Commercial Bank of Korea (KCB) will set up a jointventure bank in Jakarta later this year. The new entity Korea Commercial Bank Surya will have authorised capital of 100 billion rupiah (5563.4 million). KCB will hold
        196 words
      • SMALL CHANGE
        • 62 25 AFP HANOI Mastercard is to license four banks in Vietnam to issue its cards, becoming the first international credit card to establish a network of member banks here, South-cast Asia general manager Donald Van Stone said yesterday. Vietcombank, Eximbank, First Vina Bank and the Asian Commercial
          AFP  -  62 words
        • 51 25 Bernama-Xinhua SHANGHAI The Shanghai branch of the Construction Bank of China, which has connections with some 100 foreign financial organisations, has signed 48 contracts with its foreign counterparts introducing nearly M 54.35 billion (552.4 billion) in overseas funds into Shanghai over the past few years.
          Bernama-Xinhua  -  51 words
        • 52 25 Bernama-Kyodo TOKYO Bandai Visual Co and Sumitomo Bank will set up a company to lend money by taking computer software and other intellectual property as collateral, a Bandai spokesman said yesterday. The new firm, expected to be called Multimedia Finance, has capital of M 51.33
          Bernama-Kyodo  -  52 words
        • 55 25 Platt's Oilgram NEW YORK New York Mercantile Exchange (Nymex) has received approval from US Commodity Futures Trading Commission to list more contract months for light sweet crude trade, a CFTC spokesman said. The move may allow Nymex to garner some of the business now transacted
          Platt's Oilgram  -  55 words
        • 56 25 Reuter MANAMA United Gulf Bank BSC, an offshore investment bank, reported on Sunday a sharp fall in its 1994 net profit to US$lO.4 million (5514.66 million) from US$l9.4 million in 1993. The bank attributed the deeline to unfavourable investment conditions in 1994, especially in the
          Reuter  -  56 words
      • 508 26 Reuter SYDNEY The Australian dollar dived '/i cent yesterday to an eight-month low during a trantic day's trading as offshore investors took a long hard look at the country's economic prospects and voted with their feet. Options-related selling and technical stop-loss
        Reuter; Source: Bloomberg  -  508 words
      • 44 26 Reuter KUALA LUMPUR Delegates at an Asia Pacific Oil and Gas Conference examining an exhibit of an oil drilling rig yesterday. Azizan Zainul Abidin, the chairman of Malaysia's state-owned oil company, Pctronas, opened the two-day conference yesterday. Reuter
        Reuter  -  44 words
      • 338 26 Bloomberg Business News TOKYO A bank set up by the government to rescue two troubled credit unions started operations, with the credit unions' deposits having shrunk dramatically since the rescue was announced. "We have reached today's start after making very
        Bloomberg Business News  -  338 words
      • 343 26 Reuter SYDNLY Australians are expected to be hit with another rise in interest rates within the next four weeks as the central bank responds to recent data showing the economy barrelling along despite previous rate increases. Economists
        Reuter  -  343 words
      • 325 26 Bloomberg ENERGY REPORT LONDON Crude oil prices rose for a fourth day as a strike by Kuwaiti oil workers threatened to reduce the country's output. Kuwait's production of two million barrels a day accounts for 8 per cent of the output of the 12-member
        325 words
      • 191 26 Reuter LONDON The dollar enjoyed a relatively steady day in Europe, in stark contrast to the currency turmoil that dominated markets recently, dealers said. It stayed close to the 1.40 mark level for most of the session and stabilised against the yen after another post-war low overnight.
        Reuter  -  191 words
      • 86 26 Reuter NEW YORK The dollar recovered against other major currencies in New York yesterday in a quiet market, thanks largely to intervention by the Bank of Japan and cover buying. At 10:05 am (1505 GMT) the dollar was changing hands at 1.3983 German marks, up from 1.3860 on
        Reuter  -  86 words
      • Article, Illustration
        1636 26 I injey lahulaieU attains SfMrri lop 14 trailing parlner\ Ba* year l9Sf US$/S$ forward rates Noon /Mar 20 ss Bid Offer 1-month 140$$ 1 4070 2-month ***** 1.4030 3-month ***** 1.3987 6-month ***** ***** StHtriv (X Hi Source: OCBC FOREIGN CURRENCY NOTE RATES As at 9am m Mar 20 Singapore
        1,636 words
    • COMMODITIES & FUTURES
      • 1363 27 SIMEX REPORT Reuter SINGAPORE Simex Euroyen and Eurodollar futures closed little changed in quiet trading. Despite a strong opening, Euroyen futures soon lost ground on disappointment over the yen's appreciation and the Bank of Japan's unchanged interest-rate policy. "Euroyen opened quite high in the morning, with
        Reuter  -  1,363 words
      • 639 27 KL Tin I IN price on the Kuala Lumpur Tin Market ended four sen lower at MS 13.80 per kg despite the upsurge on the London Metal Exchange overnight. On the LME, three-month tin added USSSO to U555.700 per tonne. On the the KLTM.
        639 words
      • KNIGHT-RIDDER COMMODITY SUMMARY
        • 56 27 SYDNEY Malaysia late last week bought 40,000 tonnes of Argentine maize for April and June shipment, Asian traders said. One 15,000-tonne cargo was sold for shipment before mid-April at around USSIS7 (SS22I) per tonne. The other caigo, slated for June shipment, was said to be 25.000
          56 words
        • 53 27 SEOUL Premiums paid for delivery of imported zinc to South Korea's port of Pusan have risen about US$lO a tonne since December due to higher demand for galvanised steel from Korean carmakers, metals traders here say. The premiums are running between US$9O and US$lOO a
          53 words
        • 92 27 NEW DELHI Wholesale vegetable oil prices are likely to soften as farmers' deliveries of rapeseed rise, traders said. March is the peak marketing period for rapeseed. they said, noting that crushing plants in north India also increase production this month. The winter rapeseed crop
          92 words
        • 101 27 SYDNEY Australia's Queensland Sugar Corporation said it made the first sale of raw sugar to the A 1 Khaleej Sugar Company's new refinery in Du- bai. The corporation said a 41,500 tonne cargo of sugar will be loaded at the Lucinda Bulk Sugar Terminal today
          101 words
    • 1444 27 SICOM Futures Mar 20 Rubber Physical Prices (futures closing as at 5.30pwi) Buyws Setters As at 12 noon (S cents/kg) RSS 1 Contract (S ccnts/kg) Close Volume Open KSS 2 Apr 95 263.00 264.00N Month High Low Sett (tonnes) Interest rss 3 Apr 95 262.00 263.00N Apr 95
      1,444 words
    • REGIONAL STOCK MARKETS
      • 1111 28 -16.7 A strong performance by media giant News Corp Ltd tailed to blunt the impact of a plunging Australian dollar, which dragged shares almost one per cent lower yesterday. By close of trading, the key All Ordinaries Index had slumped 16.7 points, or 0.9 per cent, to 1,904.5 while
        1,111 words
      • 642 28 -45.0 Philippine share prices tumbled 1.91 per cent yesterday on concern over the fall o( the US dollar, helped along by profittaking, analysts said. The Philippine Stock Exchange Index retreated by 45.0 points to close at 2,305.91 points. A total of 929.424 million shares worth 980.489 million pesos were
        642 words
      • 314 28 -7.20 Shares declined as investors continued to take a dim view on the earnings outlook for foresters Carter Holt Harvey Ltd and Fletcher Challenge Ltd. traders said. A plunge in the Australian dollar to a seven-year low against the New Zealand currency also hurt companies with major Australian
        314 words
      • 544 28 -46.38 The bourse yesterday declined across the board in technical correction, with all eight major categories of shares posting drops, dealers said. The 423-issue Weighted Price Index on the Taiwan Stock Exchange shed 46.38 points, or 0.7 per cent, to settle at 6,541.58 points, following a 6.3-point decline the
        544 words
      • 454 28 +5.53 Prices ended marginally higher on the Korea Stock Exchange yesterday, with buying centred on primary blue chips. The Composite Price Index gained 5.53 points to finish at 956.87 points. But trading remained dull with 25 million shares valued at 520 billion won changing hands, t ails outnumbered rises
        454 words
    • WORLD STOCK MARKETS
      • 713 28 Britannia Funds Sl«rliB« ash Bid Offer Mim ap Deposit 18 6400 18 6 500 Mim Jerv> (.ill 0 1 0 IW Mim Ma» Income *0 9000 *0 9400 USS C ash Income Plus Fund 9 7600 10 2800 PS S Rotnc I und 5 4200 ***** Sterling Fqmt> Euro Performance
        713 words
      • 120 28 +0.79pc Trade on the Stockholm bourse was unusually quiet yesterday. Share prices rose on index-heavy Astra, stabilising bond yields and a positive trend all over Europe. The OMX Index firmed 0.79 per cent to 1,138.26 in moderate turnover of 1.269 million crowns. Astra rose steadily over the course of
        120 words
      • 309 28 +2.07 Shares closed higher encouraged in early business by the relative stability of the dollar and on short covering after last Friday's derivatives related selling. A strong performance in London and early strength on Wall Street helped cement gains, dealers said. "It's all a bit thin again today, but
        309 words
      • 201 28 +65 Italian shares rebounded from a three-month low as a stronger US dollar pulled the lira and Italian bonds higher after slumping on Friday. The all-share Mibtel Index rose 0.7 per cent, or 65 points, to 9,399 after tumbling 3.4 per cent on Friday, its steepest one-day drop since
        201 words
      • 677 28 +34.9 UK stocks rose to their highest level in four months, tracking bonds and led by banks amid a stronger pound and strong corporate earnings. Traders said that a stronger dollar also underpinned shares since it raises the sterling value of US profits and reduces the risk that US
        677 words
      • 116 28 +22.74 The Paris Bourse racked up a substantial gain yesterday as the CAC 40 Index gained 22.74 points or 1.27 per cent on the day to end at 1,811.57 points. The Credit Lyonnais investment certificate plummeted by 9.96 per cent on the day. Paris Mar 20 Fr AirL.gu«Jc '*0
        116 words
      • 162 28 -13.49 The Frankfurt stock market started the new trading week ofT with a loss yesterday in light trading as the CAX Index shed 13.49 points or 0.67 per cent on the day to end at 1,991.75 points. Frankfurt \l«r 20 DM AE<> I WO -0 3 BASF Mi y*t
        162 words
      • 201 28 +5.20 Belgian shares closed higher, but lagged other European markets which got inspiration from the stronger dollar and Wall Street's firmer opening. The Bel-20 Index of leading stocks closed 5.20 points, or 0.40 per cent, higher at 1,317.89 on a total volume of just over one billion francs. Dealers
        201 words
      • 230 28 +8.94 Swiss shares closed higher in quiet trade which saw the market dominated by professionals. The slightly firmer dollar and rising bond markets supported sentiment. Professionals from Switzerland and London were the main buyers in hanks and insurers. The Broad SPI Index rose 8.94 points to 1.648.35. Zurich Mar
        230 words
      • 402 28 14.8 South African shares closed little changed in disinterested pre-holiday trade with golds drifting down and industrials marginally up, dealers said. "There is not really much interest here. There hasn't been much interest since after the budget (announced last Wednesday). We need some new factors to set some direction,"
        402 words
      • 234 28 -7.42 Stocks turned weaker in quiet midday trading with further sluggish trading expected later, traders said. The TSE 300 Composite Index fell 7.42 points to 4,220.58 on volume of 27.7 million shares valued at C 5262 million. Declining stocks outpaced advances 277 to 264. with 286 issues unchanged. Toronto's
        234 words
      • 775 28 1.00 Wall Street stocks were flat at midday as investors took a breather after last week's strong run to ascertain if the market had the fundamentals necessary to continue its rally, analysts said. The Dow was up one point at 4.075 while declines led advances. At 11 am
        775 words
    • Article, Illustration
      3075 29 Bloomberg Business News HONGKONG Slocks rose to 1995 highs for a fourth day. led by hanks and real estate investment companies, on optimism over corporate earnings prospects. A recent easing in home mortgage lending curbs and signs of a pickup in demand for apartments have improved the outlook for
      Bloomberg Business News; Source: Bridge Info  -  3,075 words
    • Article, Illustration
      597 29 CLSA IN Hongkong, turnover fell to HK.543.5 million in quiet trading as the H-share Index slipped 1.12 percent to 1,045.58. Yizheng came under selling pressure again, falling almost 3 per cent as investors remained cautious following news that the company would be raising HK$l billion through a 400 million
      CLSA  -  597 words
    • Article, Illustration
      2538 29 Reuter TOKYO The yen's strength against the dollar depressed stocks and the 225-share Nikkei Average closed lower after briefly falling below a psychological support level of 16,000 in the morning. Brokers said many investors and dealers stayed sidelined in the absence of buying factors. "Worries about further appreciation of
      Reuter; Source: Bridge Info  -  2,538 words
    • Article, Illustration
      1841 29 AFP BANGKOK A move to slightly case tight liquidity in the local market boosted investor confidence yesterday, with the Stock Exchange of Thailand (SET) Index firming 4.20 points, or 0.36 per cent, to close at 1,184.82 points, brokers said. But turnover dropped by almost half from Friday, with 65.82
      AFP; Source: Bridge Info  -  1,841 words
    • Article, Illustration
      1180 29 Reuter JAKARTA Share prices closed mixed in thin trading, with foreign buying of blue chip stocks failing to boost market sentiment, brokers said. The Composite Index rose 0.27 points to close at 426.94. "Foreign players were seen active on blue chip stocks such as Bank BDNI. lndah Kiat and
      Reuter; Source: Bridge Info  -  1,180 words
    • 2547 30 urn vol !>■) i»igw» ut» w» J w p rt VL*." 9 High Lot Company Sale it**)I ll«h lim Ito>w SHkf «fc Or rll MALAYSIAN STOCKS 426 73 m MSB 50c 392 -18 *55 412 NO 390 »2 JO -2 0 206 77 5 m AMDB 50c 102
      2,547 words
    • KUALA LUMPUR STOCK EXCHANGE
      • 6800 30 Reuter, AFP KUALA LUMPUR Gains in key blue-chip stocks helped pushed the market's benchmark index higher, but the broader market closed easier as early buying fizzled out amid concern over continuing weakness of the US dollar, brokers said. The key Kuala Lumpur
        Reuter,; AFP; Source: Bridge Info  -  6,800 words
    • STOCK EXCHANGE OF SINGAPORE
      • 8632 31 I BOARD imju Kr «if M Wl Hi-b I '*>< Vol D»> iMQwh l»i» I»i* Id Net Cap A>( lo Com pan* s,|» HMHII lligh Low Buyet Seller C»r I'/f vmil Price INDUSTRIAL AND COMMERCIAL J??- 4 Vc J 4W +6 55 410 428 428 410 4 7 1.0 1.3.7
        8,632 words
      • 1953 32  -  By Quak Hiang Whai SINGAPORE Investors yesterday continued to stay away from the Singapore market amid renewed greenhaek worries and in the absence of fresh buying factors. In spite of a robust Wall Street performance and some sparkling domestic corporate results late last week,
        Source: Bridge Info; Source: Bloomberg  -  1,953 words
  • Page 21 Advertisements
    • 445 21 NEWS VALUE Thakral group to list China, HK operations on SES (pg 1) A familiar name but if the current market mood persists, it is unlikely to generate much public subscription. Thailand's stockbrokers to set up 20b baht fund to shore up market (pg I) It takes more than just
      445 words

  • Page 22 Advertisements
    • 331 22 MFHlline An SPH AudioTex Service ENGLISH NUMBER Children's Funland London Bridge 910 0001 Usborne Book Line The Magician's Helper 910 0002 Horse Racing Results 911 0001(*) 4D/Sweep/Toto Draw No 956 911 0002(*) Tele-Games I Crack The Safe Mrs Wizards's 911 0003 Crystal Ball 8 Mensa Line Brain Hunt '95: Puzzles
      331 words

  • Page 23 Advertisements
    • 186 23 Fully and tastefully furnished executive office suites Complete, up-to-date business support facilities Full-time staff at your service Conference room, impressive reception area Flexible long/short term lease, very reasonable rates with absolutely no hidden charges Call us now...a visit will convince you *jyM WORLD WIDE W 'WW business centre pte ltd
      186 words

  • Page 24 Advertisements
    • 717 24 Southern Bank Berhad (incorporated in Malaysia) AUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 1994 The Directors are pleased to announce the audited results of the Bank and the Group for the year ended 31 December 1994 as follows: The Bank The Group 1994 1993 Change 1994 1993 Change RM'OOO
      717 words
    • 292 24 E GET READY FOR B THE BUILDING WEEK. I M SIBEX, SIBS and AIHEX 95. P I A J The region s biggest and longest running building and construction show. There's nothing 1 7-20 May 1995 more impressive World Ttade Centre, in the Bui,ding Halls 1, 2 3A, Singapore Calendar,
      292 words

  • Page 25 Advertisements
    • 69 25 *145. m rff If you want to air freight goods up to 25kg door-to-door anywhere in Asia for $145, North Ameriea/Europe for $195 or anywhere else for $245. all you have to do is put them in a DHL Jumbo Box and phone DHL on 1800 285 8888. We'll piek
      69 words

  • Page 26 Advertisements

  • Page 27 Advertisements
    • 80 27 Financial News IKjHI A Quick Look At The I Market I Call 24 hours a day for I I SES KLSE midday I I reports, world I I market reports and business news. Cost: 30 cents a minute Op—* |||R|!li ne An SPH AudioTex Service Any Job. Any Career. Available
      80 words
    • 20 27 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead.
      20 words

  • Page 28 Advertisements
    • 101 28 Trading at the Bombay stock market was suspended yesterday and the exchange will remain closed today Acquire An Original Monsieur Waterman invented the world's first reliable fountain pen. Man 100 was created to celebrate the Waterman Centennial. Each nib is the result offifteen handcrafted operations which create a unique personality.
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  • Page 29 Advertisements
    • 146 29 IgaEl Executive Treatment has been perfected at Men's Skin Center. fpife For true Executive confidence it is essential you look your best. Good-looking skin is an important factor in enhancing your appearance and giving you a truly successful look. Many common skin problems m causec j by the tensions and
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  • Page 32 Advertisements
    • 37 32 BUSINESS TIMES TOLL-FREE TEL. No. 1-800-741-1883 FAX:74I-1298 SELLING POINT If ever you have to sell ice to the Eskimos, let us offer you a pointer or two. Advertising Marketing. Every Friday. SINGAPORE f BusmessTimes WE KNOW ASIA
      37 words
    • 331 32 IN THE MATTER OF THE COMPANIES ACT, CAP. 59 AND IN THE MATTER OF ANTALIS ENGINEERING TRADING PTE I.TD (In Mrmbrn' Voluntary Liquidation) At jn Extraordinary General Meeting of the members of ANTALIS ENGINEERING A TRADING PTE LTD duly convened and held al 86 Marine Parade Centre #04-311. Spore 1544
      331 words
    • 327 32 IN THE HATTER OF THE COMPARES ACT, CAP. SO AND IN THE MATTER OF HO HUA COMPANY (PRIVATE) LIMITED (In Members' Voluntary Liquidation) NOTICE Of FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap 50 that the Final Meeting of the members of the
      327 words
    • 356 32 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF MORENI TRADERS PTE LTD NOTICE OF SPECIAL RESOLUTIONS FOR MEMBERS' VOLUNTARY WINDING-UP (PURSUANT TO SECTION 290) At an Extraordinary General Meeting of the members of Moreni Traders Pte Ltd duly convened and held on 15 March
      356 words

  • Shipping Times
    • 308 33  -  By Alec Almazan SINGAPORE Hitachi Zosen Singapore, which recently won a $50-million newbuilding contract, expects newbuildings to make up 15 per cent of sales this year. "They will eventually become part of our core business," managing director M K Foo
      308 words
    • 293 33 Knight-Ridder OSLO In separate mishaps, two crew members died in the North Sea and one crewman died in the waters off western Japan over the weekend. In the first incident, the Norwegian cargo ship the Units, en route from Poland to Scotland, sank
      Knight-Ridder  -  293 words
    • 91 33 Reuter TOKYO Japan's unmanned submarine Kaiko, seen in an undated photo, was to try to break the world record yesterday for a man-made craft diving to the deepest point in the ocean floor, the Challenger Deep in the Mariana Trench, off Guam island.
      Reuter  -  91 words
    • 590 33 Page Col Able Shpg 7 4/5 Accord Group 8 1-3 ACL 9 1/2 •Ahlers Lines 12 1 Ahrenkiel Liner 4 1/2 •Appenship 4 4/5 •ANL 3 4/5 •ASCL 5 5 Astro Shpg 8 4 Avant Shpg 6 4/5 •Bank Line. The 9 5
      590 words
    • 214 33 Bernama KUANTAN The expansion of the container storage area by the Kuantan Port Authority, (LPKtn) which is expected to be completed by the end of June, will immediately provide space for 800 containers. The chairman of the Kuantan Port Authority. Talha Mohamad
      Bernama  -  214 words
    • 299 33 Knight-Ridder NEW YORK The tanker market last week was in the doldrums, but rates were holding about unchanged. In the Caribbean, Hess took the 81.131 deadweight tonne Constitution at worldscale 130 for a March 26-28 80,000tonne cargo from St Croix to New York. Coastal fixed
      Knight-Ridder  -  299 words
    • 449 33 BANGKOK Hoegh-Ugiand Auto Liners (HUAL), Thailand's car-carrying vessel pioneer, said the inbound market will be steady this year and the company is seeking to carry exports of light trucks and cars. HUAL carried 12.000 cars into Thailand last year. This year
      449 words
    • 239 33 Reuter TOKYO Two large gantry cranes resumed operations in Kobe port yesterday, ending two months of a virtual paralysis of container-loading operations following the Jan 17 earthquake, maritime authorities said. "It will take more than two years for a full recovery but we are glad
      Reuter  -  239 words
    • 1534 34 THE dry cargo freight market continued to demonstrate impressive all-round strength and rates were generally very steady, brokers said. They said every size and area was relatively healthy. The Baltic Freight Index added a further 15 points on Friday to 2,266. The Index has not fallen since Feb
      1,534 words
    • 378 34 COURSES Title: Shipping Law Disputes (SDF Casc-by-Case Basis) Duration: Apr 5 May 17 Organiser Singapore National Shipping Association Tel: For further details and application forms contact SNSA Secretariat at 278-3464 or fax: 274-5079. Title: Marine Insurance (SDF 50%) Duration: Apr 6 May 11 Organiser Singapore National Shipping Association
      378 words
    • 1128 35  -  The British colony's many dredging, construction and land reclamation projects are causing serious congestion in its harbour, reports Francine Brevetti Francine Brevetti Seatrade Review IS HONGKONG'S natural deep water harbour disappearing, swallowed up by ev-er-increasing traffic and reclamation projects? The government denies any serious impact. But
      Seatrade Review; Source: Seatrade Review  -  1,128 words
    • 10469 42 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. LEGCNO PN: ship calls
      10,469 words
    • 983 45  -  Already two years behind schedule, the second international airport scheme is in the news again as the latest in a series of bungled projects. Alan Boya reports from Bangkok Alan Boyd NONG NGU HAO was to be the engineering masterpiece that would launch Thailand
      983 words
    • 3329 46 A Xm.BC ontainerline NV: Belsin Shpg Agencies Pie Ltd (SVManne Handling Sdn Bhd (PK/PN). Accord Group: Accofd Shpg Pre Ltd (SVAccord Contr Line (PK/PN) Adkris Business Corporation Philippine Calsource Shpg Trdg Pte Ltd (S) Ahrenkiel Liner Service: Kim Shpg Trdg(S). Alb*trot Sea-Air Service: Praia Shpg Pte Ltd (S).
      3,329 words
    • 278 46 Abacus C ourier*. Tel: 545-8011. Fax: 545-1898 Air K\prns I rat el Tel: 533-5771. Fax: 535-6144 Airborne Freight Corporation Tel: 542-8844 Fax: 542-3716 *****80. Ainwift Worldwide Courier Tel: 278-0188. Fax: 273-8283. AJS Supplies Tel: 748-6322 (2 lines). 747-7421. Fax: 742-8975. City-I-ink International Tel: 344-3377. Fax: 345-6450. Cluster link
      278 words
    • 1540 46 Abex Express Freight Tel: 542-7171. Fax: *****84. Actinic Forwarder Tel: 225-1833. Fax: *****42. Activair Singapore Tel: 542-7822. Fax: *****20. Aerolink freight International Tel: 545-8033. Fax: *****05 Aeruspeed Tel: 542-5911. Fax: *****18. Air Cargo Novo F.xpress Tel: 542-5454. Fax: *****06 Air FApress International Tel: 542-7666. Fax: *****74. *****50 Air
      1,540 words
    • 2556 47 ALBANIA Durres: Five vessels operating of which 4 discharging (I kerosene. I bagged wheat flour. 1 dicscl oil. 1 bagged sugar), 1 loading bulk wine, no vessels waiting in roads. ARGENTINA Diamante, Santa Fe: No vessels berthed, no vessels in roads, no vessels due. San Ijorenzo: Seven vessels
      2,556 words
    • 694 47 CRUISE FERRY SCHEDULES CRUISE SHIPS Ait Dep Name of esscl EIA E*I D Forts of Calls Port Agent Telephone No MARCH 21 21 Nautican Cruise to Nowhere Lines int'I Holdings 276-7175 21 21 Renaissance I Cruise to Nowhere Renaissance Cruises 222-3388 21 21 Columbus Caravelle Kukup Harpers Shipping 221-1388 -1
      694 words
    • 1112 47 A VERY active week has seen a variety of sales coming to light in all sectors, again with Greek buyers featuring strongly. The dry bulk market has been particularly firm and Greek buyers have purchased a number of older panamax units at firm levels. Most notable of these
      1,112 words
    • SHIPS IN PORT
      • 631 48 Vessel Voy No Berth Arrival Departure Vessel Voy No Berth Arrival Departure Jurong Port w.wng 8W6 m% Ba04iDe» im as. Aikto Farfti I10/12A 13 alongside 2103 2300 Wefciow Tane 2003 0 We 04 Igiow A g 04/A/Si .Balam Brfdgia 03/04 12 2103,2315 Tuteng 9503 1940/9 Si 04
        631 words
      • 1479 48 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Bookin(/Balance Rslts Ship Voy No Etb/Btr Period From To From Ap Lfec 042A 23/0300 1A 20/1500 20 16S9 20/1900 3 21/0700 21/1159 21/1400 4 21/1200 21/1459 21/1700 Act Sw* 162A 22/1000
        1,479 words
      • 866 48 THIS twice weekly report, compiled by Cockett Marine Oil Ltd, shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on average-sized stem. Market movements are indicated. The Cockett Bunker Price Index change and
        866 words
      • 625 48 Carbon Mar 9 Density Niter Resdue Ash Murrain Sedment MM Ewon KG/M*3 V/V *o MM t MM PPM method ISO Croc lints Spec 991 10 15 0 010 80* 010* Spec G35 991 10 180 015 80* 010* Northern Europe 180 Ave 981 02 12.7 0
        625 words
    • AIR AND LAND TRANSPORT NEWS
      • 355 50 Justice Department querying car companies about consumer lending practices Bloomberg Business News NEW YORK Chrysler Corp and its finance unit have been asked for details about consumer lending practices by the Justice Department, which also is investigating whether Ford Motor Co broke federal lending discrimination
        Bloomberg Business News  -  355 words
      • 52 50 AFP DAYTONA BEACH, Florida Motorcyclists rolling down the beach along the ocean here during Bike Week *95. Daytona is one of the few US beaches on which cars and motorcycles are able to drive. The annual event draws thousands of motorcycle enthusiasts from around the
        AFP  -  52 words
      • 481 50 Bloomberg Business News WASHINGTON USAir Group Inc, created through a gradual merger of four airlines, needs to do a better job of standardising safety and operational procedures, an audit released recently said. The audit by the PRC consulting group, commissioned by the company last
        Bloomberg Business News  -  481 words
      • 425 50 Reuter MONTREAL Canada was hit by a national rail strike over the weekend that is expected to strangle exports of cars and other products to the US and elsewhere. The country's largest freight service and a national passenger rail network were shut
        Reuter  -  425 words
      • 148 50 AFP SYDNEY Australian-based Pacific Rim Construction Consortium announced yesterday that it has signed a As4oo-mil-lion (SS4I6 million) draft agreement to develop China's Beijing-Great Wall light rail project. The light rail will link Beijing to the Ming Tombs and Badaling
        AFP  -  148 words
      • 150 50 Bernama KUALA LUMPUR Malaysia advocates liberal growth in air services. Deputy Transport Minister Zaleha Ismail said. She said Malaysia was fully supportive of initiatives such as the appointment of local sales agents to enable foreign airlines to expand their services. Ms Zaleha said
        Bernama  -  150 words
      • LOG BOOK
        • 92 50 SINGAPORE Regional carrier Silk Air, a wholly owned subsidiary of Singapore Airlines, is increasing its services between Singapore and Yangon to five times a week. The extra service will operate every Tuesday, starting next week. It will leave Singapore at 11.15 am, arriving in Yangon at
          92 words
        • 66 50 SINGAPORE Northwest Airlines had the best on-time record among the seven largest US airlines in 1994, the US Department of Transportation (DOT) reported recently. The performance marks the fifth consecutive year Northwest has achieved the best on-time service on flights within the United States. Northwest also
          66 words
        • 106 50 Bloomberg Business News MANILA Air courier Federal Express Corp will spend at least US$6OO million (SsB46 million) to acquire six aircraft for its Asian hub at the Subic Bay Freeport, Business World reported. The report quoted Fedex vice-president Joseph McCarthy as saying the company
          Bloomberg Business News  -  106 words
        • 96 50 Reuter LONDON Concorde's former nose cone was sold to a frequent flyer on the supersonic plane for £36,700 (5582,200) on Thursday and will be installed in the back garden of his house in Kansas City. Auctioneers Sotheby's said the distinctive drooping nose, 7.3 m long and
          Reuter  -  96 words
        • 114 50 Reuter TEL AVIV El A 1 Israel Airlines, which emerged from a 13-year-receivership last month, reported that its net profits rose to US$l4 million (5519.7 million) in 1994 from US$9.9 million in 1993. Revenue rose 11.7 per cent to U551,036 billion. The government plans to
          Reuter  -  114 words
      • 206 50 Reuter SYDNEY Qantas Airways Ltd chief executive James Strong said it would be helpful for investors to be given a profit forecast in the prospectus document for the state-con-trolled airline's upcoming float. Speaking in a television interview broadcast yesterday, Mr Strong said a
        Reuter  -  206 words
      • 1625 50 «i w n* nm no. at* nm no nm n» tow WnM GA974 2245 Mgh SQQ89 1720 SQ990 0125 MalaMa Qf81 1930 QF82 2050 Qmma SRI 83 2140 2 Kami VN741 1310 VN740 1410 AmttanUn KL837 1540 GA892 0010 Hatval TG407 2120 MI896 iqjn GA897 1655
        1,625 words
  • Page 33 Advertisements
    • 29 33 VI LAW PAGE Every Thursday in Business Times Hongkong's choked up waterways, Page 3 Bangkok's airport project gets bogged down, Page 13 Chrysler and Ford under probe, Back Page
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    • 26 33 Lines and services represented by Members of the Registry of Accredited Hoj|] Shipping Agents, Singapore National Shipping Association. For advertising enquiries, contact Shipping Times. Tel 740-2089/740-2090
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    • 197 33 New Express Service HAMBURG E. EUROPE Effective from April '95 pis see Pa 6 for schedule Looking for a Freight Forwarder? I Play it safe! For you as a shipper, professional planning and execution of transport is essential. To avoid disappointment, it is safer to select a member of the
      197 words

  • Page 34 Advertisements
    • 1557 34 amamtm I OTHER DESTINATtON*IfI I NORTH AMERICA WEST COABT Of CENTRAL AMERICA (MARQAWTA BPW>Ct) SmCUPOPf CAURDRHU FROM WEST COA3T) uma ny la w sa ml Hounw cw rr «n JgljL "gl !*»L ™L ""ff" 1«W mmjwrm. it*mma omrn ima*** «mi tnm CMJFWMHBMUt 22-211 14 H4 11.4 114 11.4 114 11.4
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    • 37 34 a* 0 2 oo o o 0 0 1 i BY EXAMPLE i mi <n For some of the best s examples of m Good Management. Enterprise Management. Every Monday. rJ ■r 1 BusinessTiines ■T KNOW ASA
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  • Page 35 Advertisements
    • 660 35 ■DOTED ARAB MPPiNG'CO(SAG) i®£iiSj!Sg®Sgf®g& m£X:RS2S4I9AMBSHP BNBAJD CIO9W 270 ii* iw~" ■•4 21M AL BAMYAH CIIW 3M IIM 2tN BAMYAH CllB* I 3M I IM 22M ■m 2M QURJJffACIIIW IM 2W 27/* QMFUJA'ACIIIW I 1W 1M |U S/S ALBAMAWCII2W 17M W V 5 AL BANAKH CII2W I 17M I 22M M
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    • 404 35 anl ANL. IT'S AUSTRALIAN FOR SHIPPING TO AUSTRALIA (EA«T CO Am I FROM AUSTRALIAIXAMT COAKfS MMt jrr na w m m an am mm mm/ma« m mo aaa nob jkt [TaTI ki A AUST MS IW IMS IMS M 4 11AM A. BOWA IM l!/U IMS Ml IMS tM IMI
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  • Page 36 Advertisements
    • 1424 36 raw Ce south- port VESSEL VOV.NO HAMBURG ANTWERP HAVRE AMPTON KELANO SPORE HKO KAO TVO SHI OSA MAO KAMAKURA 3V300 28/2 2/3 4/3 23/3 24/3 gg 30/3 3/4 4/4 7/4 KATSURAOI 2S/4Q9 V 3 IV3 V 3 1/3 26/3 jag 6/4 4J4 HAMBURG EXPRESS 01/210 8/3 9(3 11/3 30/3 31/3
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    • 432 36 1 TOflO 25/3 3TV3 RdrrVAtwAJK/Nantes NANDNAKUL 3CV3 2/4 RdrrVAtwAJK/Nantes Load* EVW Mateyisa. Indonesta M ILoadng for 1 SADAN KALKA VAN I BUFFALO JaddatVAqaba/Trtpot/AJgaha I PAN RISER Dubat/DarTrnan/Kuwart/BahrawVDoha toads Singapore. E7W Malaysia, Indonesia I I Loading for BJLUE FAY Loa Angelas/New Qrtaana/ I OiarleslwVNorfoB</Camden I SAM Ml FORTUNE boa 6iiyilsa9l(ii Ortaans/
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  • Page 37 Advertisements
    • 1330 37 H STRAITS SHIPPING PTE LTD 10 Hoe Chiang Road #11-01 Koppol Towers Singapore 0208 Tel: *****88 Fax: *****17 .WtfjfflA tWWffgMTgM NEW QUIWEA PACIFIC LINE (A SERVICE OF CHINA NAVIGATION CO) CARGO DUE SAILS Mf RUBI V ***** KK. Skan. Taw 21 Mar 21 Mar 23 Mar CJNIA6AM22 V9SO3E Mvan. Lab.
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    • 2147 37 Containers P& Containers (Singapore Agencies) Pte Ltd 10 Hoc Chiang Road. #07-01 keppcl Towers, Singapore 0208 First Class Connections WORLDWIDF Tc|: 225 2233.Teie*. ks pnocsp.f**: 22s $327/222 7$ 17 CR Number: *****9 *****/ export import J~ VfSML »0* [if*!? jToS T SL VESSEL VOY ZEE OOT ROT HAM BRt SOU
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    • 511 37 FOR BOOKING 1800-*****00 (TOLL-FREE) OUTBOUND PKL PCM JOH SIN 16 W0 TK KEE YOK TKY NAC KOI OSK MOJ IDS WMWIBjjW tg 2M3 2240 2*24*3 21*3 SMS 01/14 OW K*4 M*4 11*4 WAN HAI 2*3 MOOO 22*3 23*3 2MB 2*27*3 31*3 02*4 MM aW 1W 1W 1W wmmtiMmi am nm
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    • 467 38 Jomi venture Vly SAMUDERA INDONESIA CID RICKMERS win SINGAPORE CHINA DASA SEPU.UH VOY 04NB 13 APR QffIGOAO GREEN ERA DRY DOCKING XINGANG SHANGHAI INDUCEMENT CALL P KELANG INDUCEMENT CALL HK. P GUOANG. BELAWAN. TG MAN* XIAMEN. HUANGPU UTAMA HARTA I ih— WEEKLY FULL CONTAINERSHtP FEEDER VESSEL NAME VOY SIN KCH
      467 words
    • 1201 38 0 HANJIN SHIPPING BOOKING TEL:- *****35-237 OPERATION TEL: *****41-253 SALES TEL: *****30-233 DOCUMENT TEL: *****71-275 F <* WL SIN IRC HAUL SEA YVR TO* FOR VSI SM IIME HAUL SA¥ IN NTC 2SS 0201 23 3 MRECT 13/4 14/4 15/4 MENES SYNT«SK 0031 24 3M. AMERICA 0?« 27/4 2«/4 30/4
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    • 54 38 SOON KIAT SHIPPING L PTE LTD 3 SHENTOW WAY #20-05/06 SHENTON HOUSE REGULAR SERVICE TO SARAWAK BRUNEI SPORE Sn Pupil 05/55 ftntulu/liri 24/03 Glory 04/95 Por Mjnf 03/04 Maju Yon| Hua 05/95 Bwtulu/Mri 01/04 j£ r,M *tctph»l fa jnd rttftf contjmtf *w ncavyfem up to 30 Tom ??o *> M
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  • Page 39 Advertisements
    • 2251 39 MONTHLY TO MOMBASA AMD Mg ES-SALAAM Ommral Agents: Tel (Ceneral): *****00 Saloa/Boohing: Agency Oept pAttar CfIIPDIA/f ore I Tit Fax (GeneraO: *****68 Container: *****41 844 Container Src— B/l: 4205M02 Operation Container. *****15 e\ZLVI FT£ LJD Talon: ***** COSH IP Conventional: *****50 OO *****85 *****48 T W "i TOa CK No:
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    • 614 39 Q HEUNG-A SHIPPING (KOREAN FLAG) I WU.Y COMMERCED SERVICE CONVEHTIOHAI SERVICE I JAKAUTA «VC Pitt HKpf "iSTI JKT HRfl PUP WOC MOJI HMI HKOpW«"|jKT[ SOY I HKOj PUS GLCMA I V.510N 22/03 _27/03 31/03 02/04 01/04 12/04 13/04 14/04 WO i OQHM 502W 25/02 22/031 »/03 04/04 10/04 SAW 0
      614 words
    • 205 39 SHIPPING WAREHOUSING p H siiipnßiniiiVßiiiiHi H H Singapore Loading Evary Mon To Fri VY. H (BATAMINDO l/ll) Accepting FCL/Convantional/Profact A Haavy Lilt Cargo Egj Tel: 227-0322 b gj Batamlndo Shipping Warehousing Pte Ltd v/ 4 ft Fax: 222-9330 j> *j«8» y- yyo I i. -Mear *****33 ETA SIN CF^Z^ IRAN
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    • 740 39 FAMOUS CONTAINER LINES 80 ROBINSON ROAD, #22-02 SINGAPORE 0106 HOT LINE: *****33 (30 LINES) GOTHENBURG/SCAN 27/03 ROTTERDAM 27/03 AARHUS/COPENHAGEN 27/03 HAMBURG/BREMEN 27/03 MARSEILLE/FRANCE 28/03 FELIXSTOWE/UK 27/03 BARCELONA/SPAIN 24/03 LEHAVRE/FRANCE 24/03 GENOA/ITALY 25/03 ANTWERP/BELGIUM 23/03 LOS ANGELES/WC/IPI 24/03 SYDNEY/MELBOURNE 23/03 NEW YORK/EC 24/03 FREMANTLE/ADELAIDE 23/03 VANCOUVER ***** BRISBANE 27/03 TORONTO/MONTREAL 24/03
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  • Page 40 Advertisements
    • 1116 40 VESBEL ¥21 1 VESSEL VOY VMABHUM 1288 luj>_ InPI Fri 24/3 THAN 7 BHUM Ty, Ih, PI [22/3 HIVESSEL VOY SIN BKK f WAN* BHUM 272S Wgd. 22/3 8.1 _25/3_ KQTA JAOE gffi|YANTWA BHUM 78N Tin In Pt Fri 24/3 BHATRA BHUM 748 B*l 25/3 Tw 2«/3 Qufiu 25/3 9
      1,116 words
    • 905 40 79 ANSON ROAD, #21-01, SINGAPORE 0207 TELE: *****92 FAX: *****57 CR iS&ftgOQOON »THAfTB SHUTTLE SERVICE 'Vr,-~ PORT KLANG PENANG 1081 vor I aw I pkl vessel voy sw ppi StA LAUttl 3/2W 21,1 (THJ) 24/3 (FBI) XOUB IAYA ***** 24 3 ifßli 26 3 (SUwT~^ EAGLE BREEZE I%A 21/} (THU)
      905 words

  • Page 41 Advertisements
    • 1161 41 ADVANCE CONTAINER LINES (PTE) LTD J\ I I 140 Cecil Street, #12-00, Pit Building. Singapore 0106 L" TEL: *****21, FAX *****19, TELEX RS ***** ACLPL [j CR NO. **********0E ip JAKARTA (S Swung*/Wm* to *AT. 2 SwUngs to MIT. 1 Sailing to ICM) (J Swlingt/WMk) PORT AUTHORITY THAILAND M»wi VOY
      1,161 words
    • 939 41 VtSStLS lt W Wt KAMBWG THAMES HO THROW ANTWtW <miE DC IBM t— 23/03 18/0 12/(M 14/04 15/04 IS/04 YULE 01 NORMA 31/03 20/04 /M 24/04 ?VQ4 26M VUtt Dt CARINA CMW /0< 26/04 2 »/04 30 04 01/0% 02/05 VM.Lt DC SAGITTA SO4W T3/04 03/05 Q5/Q5 Q7 /05 •ALSO
      939 words
    • 599 41 i bsa iir M MYANMA ISBBk FIVE STAR LINE (Myanmar National Line) Loading for Yangon (Rangoon) Spore P.KIf Pen P.6d| TECHMAT PIOCIEER V 3 21/26 Mac AVA VI32W 21/23 Mar MYOMAYMA VISSW 28/30 Mar MALAYSIA AGENTS BOUSTEAO SHIPPING AGENCIES KUL TEI 02-03 *****00 PHI: TEI 02 03 *****67 PEN: TEI
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  • Page 44 Advertisements
    • 543 44 SRicHFIELIHEKIIinS W TEL: *****33 (12 Lines) K FAX: *****15/*****03 00 TELEX: RS ***** RISHIP (3 Lines) CR NO.: **********0E ETHIOPIAN SHIPPING LINES (National Lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL Vnml Voy I ETA I Loading For Spof« Andinel 38WB 16/04 Mombasa. Djibouti Assab, Massawa Abbay Woo 2 43W8 18/05
      543 words
    • 573 44 I_ AFGHANISTAN MAM Afghanistan Ltd., Hairatan, Torghundi, Islamqala (Doqharun) mwmocmwm c.i.s./russia: Alma Ata, Ashkhabad. Baku, Dushanbe. I e»« Irkutsk, Khabarovsk. Krasnoyarsk. Korsakov. Moscow, Mlllizer 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 ACCEPTING
      573 words
    • 342 44 iaAbmn container LINES, INC, hK A B* nts: MAC-NEL3 SPORE: *****22 (24 LINES) w V 'cm No. imwtmmm SIBU (064) *****9 KUCHINO (062) *****3 PENANG: (04) *****6 BANGKOK (662) *****67 MANILA (632) *****61 P KELANQ: (03) *****77 JAKARTA: (21) *****07 SURABAYA: (31) *****0 I ASIA HKG/TWN/BKKI GENOA/EUROPE PEN PKL SIN
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  • Page 47 Advertisements


  • Page 49 Advertisements
    • 472 49 A HYUNDAI MERCHANT MARINE CO. LTD. WESTBOUND TO EUROPE BKG: *****61 pftt Troi pgo vessels voy sm rtm ant leh ham mf] ra~~| 22/03 24/03 25/03 SL MARINER 315W 27/03 14/04 16/04 15/04 16/04 ISToT" 11/04 29/03 01/04 02/04 H. MNOVATOR 314N 03/04 21/04 23/04 22/04 23/04 23/04 25/04 05/04
      472 words
    • 409 49 STRAITS/ JAPAN/ STRAITS SERVICE MULTI PURPOSE I ROM) CARRER SPECIALIZE M HEAVY LET CARGO UPTO 120 TONS RAMP CAPACITY UPTO 50 TONS In* [eta r~ VESSEL WY SH PR LOAOWC FOR PAKARTI S(inu 24/1 21/3 SENBOKU »CE I 24/3 IARART* 20/3. SURAAAYA 27/3 SURABAYA 21/3 SHANTAR 27 »/3 OAKGKOK 2»/3
      409 words
    • 715 49 WY SI ETA/D LAX OAK CHI MEM/COl HOU NYC "NOR "DAL HEI* T rtPSOW »2A 23/03/24/03 M/ 04 11/04 12/04 13/04 14/04 14/04 15/00 13/04 ALLIGATOR VICTORY 60A 30/03/31/03 lt/04 11/04 19/04 20/04 21/04 21/04 22/04 "20/04 MACKMAC BRPGE MA o</04 /07/04 23/04 2S/04 2S/04 27/04 2«/04 28/04 ?9/04 ~27/04
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  • Page 49 Miscellaneous
    • 301 49 TODAY'S TIDES (height in metres) HOW 0000 0100 0200 0300 0400 0500 0600 0700 0800 0900 1000 1100 1200 1300 1400 1500 1600 1700 1800 1900 2000 2100 2200 2300 2.6 3.0 3.0 2.S 2.3 1.6 1.0 0.5 0.3 0.3 0.5 1.1 1.8 2.4 2.7 2.7 2.4 1.9 1.3 0.9
      301 words