The Business Times, 8 February 1996

Microfilm: NL20526
Total Pages: 42
1 42 The Business Times
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  • Title Section
    Masthead
    14 1 THE BUSINESS TIMES vIITA (P) 04 fi/12/95 854 SINGAPORE Internet: http://www.asial.com.sg/biztimes THURSDAY, FEBRUARY 8,1996
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  • Article
    MARKET SUMMARY
    71 1 nam M MLB (-1.78) ft BTOOBP mm 2312.71 (-1.25) n BT-KGA mm met (-8.15) n MAKER MOOD: mm mni gwdMimrmpicBs Wriwaday Change KLSE COMP 1680.01 -4.78 NIKKEI 20N149 +***** HANOSENG *****. >9 -179 SET INDEX 1408.74 -611 JAKARTA COMP .***** -1.56 MANILA COMP *****4 42.09 TAIFHWP! 4738.83 +68.11
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  • Article
    FINANCE
    70 1 US! S$ V&Li 1.416 t l.«8 1178 DM ten 0.95# V100 JJ45. l.tt8 m. MM 0*»8 HKt J. 129 0.183 BAHT O.WO. O.Ott Rt'PIAH IN .0.044. 0.002 PUKE BATES SINGAPORE* 144 KUALA LUMPUR 8.15 JAKARTA 18.00 BANGKOK 13.75 MANILA -.14.50 HONGKONG .8.75 TAIPEI 8.00 SYDNEY 10.75 TOKYO .180 SEOCO,
    70 words
  • Article, Illustration
    IPC cuts loss and aborts US retail operations
    589 1  -  Industry circles estimate loss from US operations for 1995 may hit Ss3om By] Kenneth Jamee [SINGAPORE] Home-grown computer major IPC Corporation has aborted its retail operations in the US, forgoing some US$lOO million in annual revenues but staunching the bleeding from the
    589 words
  • Article
    HK bourse to regulator: stay off our turf
    462 1  -  SFC told to stick to monitoring role and leave exchange to develop the market From Quak Hiang Whai in Hongkong THE Stock Exchange of Hongkong (SEHK) yesterday vehemently attacked its regulator, the Securities and Futures Commission, for encroaching on its turf. Referring
    462 words
  • Article
    Galleries band together to brush up the art business
    389 1  -  Byl Corinne Kerk [SINGAPORE] It's no word of art but AGA, or Art Galleries Association (Singapore), is being formed by 10 fine art galleries. Their mission: to promote professional gallery practices and serve as a self-regulating body. Its formation will be
    389 words
  • Article, Illustration
    Lock icon S'pore, KL stock indices manipulated again
    394 1  -  By R Sivanithy [SINGAPORE] Late manipulation of major stock market indices both here and in Malaysia was very much evident yesterday. In Singapore, despite a Stock Exchange of Singapore warning that it is looking at penalising parties involved in ramping up the index, the
    CHRIS LOH; Source: Bloomberg BCRUZ  -  394 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      138 1 par sq ft Are two new freehold residential projects coming up along Thomson Road bumping up values in district ll? Pf 4 MBWgHHOB lathe OS, thispg. CoopMr putting a bold face an the situation but the maitot may not be so resolute. WfcfcWl latlilrihai Mitfewaby«pto4o\pg2. Not unexpected. A strong factor
      138 words
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      Page 1 Advertisements Column 2
      106 1 Packard Bell to acquire Zenith Data Systems, Pg 15 t- ti Now with Business .J W YO™ Centre, you can land 3 more business opportunities than ever before. Simply because we help you stay in touch with prospective I ■S clients 24 hours a day. Through our Hotline, they M
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      Page 1 Advertisements Column 3
      5 1 Hffginnal took markets, Pg 19-26
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  • SINGAPORE AT HOME & ABROAD
    • Article, Illustration
      Lock icon S'pore Aircraft Leasing orders 12 Rolls-Royce engines
      411 2  -  ASIAN AEROSPACE *96 Deliveries of engines, worth US$l5O million, scheduled to begin in 1998 Reportsby, Kevin Sullivan SINGAPORE Aircraft Leasing Enterprise (Sale) announced yesterday that it has placed a firm order for 12 Rolls-Royce Trent-800 engines worth a total of US$l5O million (Ss2l3
      ARTHUR LEE  -  411 words
    • Article, Illustration
      Indian firm says it's a potential Fokker rescuer
      222 2 HINDUSTAN Aeronautics Ltd, the state-owned Indian aerospace corporation, is a potential rescue partner for the Dutch aircraft manufacturer Fokker, HAL chairman R N Sharma said yesterday. Mr Sharma said HAL had been "approached" though he acknowledged that it was not among the
      222 words
    • Article
      $27m for aerospace programme
      253 2  -  NSTB to provide $*****, with rest from other participants By] Rahita Elias THE Aerospace Technology Programme, aimed at enhancing Singapore's position as an aerospace hub, will take off with a budget of nearly $27 million. Minister of State for Trade and Industry and Communications Goh Chee
      253 words
    • Article
      TDB to launch award for firms boosting Singapore's trade
      328 2  -  By< Genevieve Cua THE Trade Development Board will launch an International Trade Award to recognise outstanding local and foreign companies who have contributed to Singapore's external trade growth. Trade and Industry Minister Yeo Cheow Tong yesterday said the award would be
      328 words
    • Article, Illustration
      Lock icon ST job ads volume up 3.2%
      340 2  -  EYE ON TOE ECONOMY Jobs By' Teh Hooi Ling THE total volume of recruitment advertisements in The Straits Times rose just 3.2 per cent last month over the same period a year ago, in column-centime-tre terms. However, compared with December's numbers, the January ad
      Source: SPH  -  340 words
    • Article
      Bids in URA industrial land sale down by up to 40%
      510 2  -  Besah ceold be due to large area this time, w B THE latest Urban Redevelopment Authority (URA) industrial land sale yesterday saw bids dropping by up to 40 per cent compared to offers in the last sale in June
      510 words
    • Article
      Edmund Tie, C Y Leung to merge with Europe firm
      198 2 TWO former Jones Lang Wooton executives Edmund Tie in Singapore and C Y Leung in Hongkong are getting together to form one of the largest property consultancies in the region. They plan to merge their companies Edmund Tie Co and
      198 words
    • Article
      It's arrivederci, Alfa Romeo, as Milan Auto loses agency
      382 2  -  Auto Asia to be new agent for the marque By Christopher Tan [SINGAPORE] Alfa Romeo is saying arrivederci to its distributor Milan Auto, the fourth motor trader to have its dealership terminated in the last six months. The new agent for
      382 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      135 2 Republic Ngee Ann City Odeon Towers The Best Building at- /vjfi (he Best Locations ya fjjfTf* MRCENTRE {T® *****65 Knf Singapore, Bangkok, Seif-Lock-vp office Suites Kuala Lumpur, Jakarta With Complete Secretarial Support COLLECTIVE SALE 7 PRIME RESIDENTIAL LAND 8 BALMORAL ROAD Prime location in good class /I residential district 5
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      Page 2 Advertisements Column 2
      49 2 You may have been unable to get your Business Times, Straits Times, Sunday Times, LianHe Zaobao and other daily newspapers from your usual newsstand because of the higher demand lately. To ensure a daily copy, call Customer Services Section on 1800-749-2577, and ask for home or office delivery service.
      49 words
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      403 3 Now When you Invest In a Citibank foreign currency time deposit, you'll Enjoy Particularly handsome Returns. While Citibank is known for offering the most unique investment from The Link or even the swanky offerings of Versus Gianni Versace fashion. opportunities, here's one that's especially exclusive. All you need to open
      403 words
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  • FOCUS: PROPERTY
    • Article, Illustration
      Lock icon Prices of district 11 property on the rise
      589 4  -  New projects along Thomson Road pushing $1,000 psf or more "W'm 1 1 Michelle Low [SINGAPORE] ¥ALUES in district 11 seem to be moving up two new freehold projects are coming up along Thomson Road, bearing price tags that are pushing $1,000
      ARTHUR LEE  -  589 words
    • Article
      House Hunt
      1056 4 Property transactions for districts 11 and 21 (sectors 28 to 30 and 58 to 39) lodged between Jan ***** and Jan 2Z1996, PROP CONTRACT TENURE BUILT-IN/ PRICE PST STREET NAME TYF* DAT* LAND AREA* oqid (am m Dtatrietll(MotanltteaO) Non-landed Adam Gdn Apt *12*5 FH 1733 2001 1156 Adam
      1,056 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      117 4 to cash Venturing '*4wSktt |d&#*, your "cash-for-invoices and letsomeone else assume 44 P a the responsibilßjf fer bod debts! We olso help to ail your administrative DBS Factors has a worldwide network c0!l ft undertaking that does just that. In fed, we're the collection, so es ledgenng and only (actor
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      Page 4 Advertisements Column 2
      240 4 Get the Latest Results on all SES KLSE Companies corporate handbookl^^V These valuable guides to listed companies are designed from the point-of-view of serious investor and professional stock market analysts. The guides present comprehensive financial data and ratios on listed companies in a format that is quick and use because
      240 words
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  • FOCUS
    • Article, Illustration
      Challenges facing Asian economies
      1588 5  -  Jim Rohwer, chief.economist of CS First Boston and author of the bestselling book Asia Rising, shares his views on Asia with thuhbamu VIKRAM KHANNA overheating in Thailand! ITS EASY to forget especially for investors who tend to have short memories that there's nothing new about this
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  • Page 5 Advertisements
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      153 5 1 -'I «io w W»| o'i (I ob«. i,: i 'I TN i 't .r ,r >ri >: t 12 rj :«l3 s Giving you the keys to a total system. When Aerospatiale supplies a satellite, it doesn't only supply a satellite in orbit. It supplies total expertise. A total
      153 words
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  • SOUTH-EAST ASIA
    • Article, Illustration
      Fighting the good fight
      617 6  -  LETTER FROM MIASTA Courage is called for, and shown, as Indonesians move into the war on levies By Maggie Ford INDONESIA'S war on the high cost of doing business has begun. Hard on the heels of his decision last week to ban illegal levies on beer
      617 words
    • Article, Illustration
      Lock icon Indon posts high inflation, strong surplus
      450 6 JAKARTA Reuter INDONESIA posted a record high inflation figure at the start of the year but managed to prop up its trade performance with an encouraging surplus, Information Minister Harmoko said yesterday. "The President was concerned with the high inflation in January. He called
      Reuter; REUTER  -  450 words
    • Article
      Finance minister says he may lose his job
      320 6 BANGKOK THAI Finance Minister Surakiart Sathirathai yesterday acknowledged he may lose his job in any possible cabinet reshuffle and some analysts said his departure would be welcomed by the markets. Mr Surakiart told a local radio station he was prepared to be
      320 words
    • Article
      Lock icon S Korea's LG Group plans US$2b Viet investments
      266 6 HANOI AFP SOUTH Korean conglomerate LG Group is to invest US$2 billion (Ss2.B billion) in Vietnam over the next two years, staking at least a quarter of its global spending in the Southeast Asian country, an LG executive said. The company is
      AFP  -  266 words
    • Article
      Lock icon Court rules foreigners cannot sue Malay rulers
      407 6 KUALA LUMPUR Singaporean businesswoman loses libel snit against Pahang saltan AFP, Bernama Reuter MALAYSIA'S Special Court, set up to try members of royal families, ruled yesterday that the country's nine hereditary Malay sovereigns could not be sued by foreigners. The court was passing
      AFP,; Bernama; Reuter  -  407 words
    • Article
      Lock icon Current account deficit-GNP ratio to be lowered
      281 6 MANILA AFP THE Philippines is defying regional trends by bringing down the size of its current account deficit in relation to gross national product, the country's central bank chief said yesterday. "The current account position is also not showing any signs of overheating,"
      AFP  -  281 words
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      Page 6 Advertisements Column 1
      541 6 Restoria* 0 min^_ Darkens grey hair in 5 minutes I Will not wash out and last (or weeks. B 2 min-H a "'M W HMHMMMI H I 5 min Available at Apex, H uaroian, NTUC Healthcare and independent pharmacies. Marketed by: A ACCORD MARKETING SERVICES A division of Cold Storage
      541 words
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      Page 6 Advertisements Column 2
      27 6 QJV\ No 1 OFFSHORE COMPANY SPECIALISTS BAHAMAS JFRSEY BRITISH VIRGIN ISLANDS MAURITIUS CAYMAN ISLANDS SEYCHELLES IRELAND WESTERN SAMOA Tel: (65) *****82 Fax: (65) *****91 OFFSHORE V\J!TH CONFIDENCE
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  • CHINA-HONGKONG-TAIWAN
    • SINO Brief
      • Article
        Lock icon Alatas denies Suharto's visiting Taiwan
        58 7 Reuter [JAKARTA] Indonesian foreign minister All Alataa yesterday denied a news report that Taiwan wasarranging an unofficial visit by President Suharto to the island in April. "It's not true that President Suharto will visit Taiwan. The report is basele& and I just have no idea
        Reuter  -  58 words
      • Article
        Lock icon Taiwan's growth likely to be lower
        64 7 Bloomberg Business News [TAIPEI] Economic growth for 1996 would be lower than anticipated and could be the slowest in five years, the Economic Daily News reported yesterday, citing unnamed sources at the Directorate General of Budget, Accounting Statistics. Growth in gross domestic product will
        Bloomberg Business News  -  64 words
      • Article
        Lock icon Corrupt Shanghai official gets 10 years
        58 7 Reuter [SHANGHAI] One of the top officials of Shanghai's official trade union movement was sentenced yesterday to 10 years in prison for taking bribes, the Xinmirt Evening News reported. The court also ordered the confiscation of bribes taken by Shi Shengyu, vice-chairman of the
        Reuter  -  58 words
      • Article
        Lock icon Ramos told Deng is in good health
        59 7 Reuter [MANILA] China's paramount leader Deng Xiaoping is in good health, his son told Philippine President Fidel Ramos yesterday. "He informed me that his father is in good health," Mr Ramoe told his weekly news conference, without elaborating. Deng Pufang is visiting the
        Reuter  -  59 words
      • Article
        Lock icon Taipei to relax rules on investments
        58 7 Reuter [TAIPEI] Taiwan said yesterday it would soon allow China-bound investments of less than US$2 million (Ss2.B million) to be approved unilaterally by the chairman of Hie Investment Commission. Deputy executive secretary Huang Ching-tang said that currently single investments ofmore than US$l million had
        Reuter  -  58 words
    • Article
      Lock icon Securities firms warned against improper activities
      338 7 SHANGHAI Underhand moves a result of too little business analysts Reuter CHINESE authorities warned local securities firms yesterday to stop using improper means to grab business and beat the competition, particularly when issuing new shares. Market analysts said underhand measures by securities houses had
      Reuter  -  338 words
    • Article, Illustration
      Lock icon US warns Beijing over aggression towards Taipei
      473 7 WASHINGTON China to launch war games along coast of Fqjian province on Saturday:report AFP, Reuter CHINESE military aggression towards Taiwan will have "very serious consequences", a senior US official said on Tuesday, urging both sides to resume talks and lower tensions. "We have
      AFP,; Reuter  -  473 words
    • Article, Illustration
      Lock icon Cashing in an the new year
      53 7 [TAIPEIJ A seven-year-old girl in Taiwan displaying a set of commemorative coins made for the Lunar New Year yesterday after waiting in linefor an entire night to buy the popular set. A total of7o.ooosets of the coins, costing NTJ6OO (Sf3l) per set, went on
      REUTER  -  53 words
    • Article
      Lock icon Confidence up in HK despite 1997: survey
      145 7 HONGKONG AFP A. CONFIDENCE is up in Hongkong despite the impending return to Chinese sovereignty, according to a government survey released yesterday. The survey, by the Home Affairs department, showed 55 per cent of respondents had confidence in Hongkong's future, up 2 per
      AFP  -  145 words
    • Article
      Lock icon Nationalist party's parliament majority cut to bare minimum
      313 7 TAIPEI Reuter TAIWAN'S ruling Nationalist Party had its razor-thin parliamentary majority slashed to a bare minimum yesterday when it lost two of its legislators to independent ranks. The party now holds only 83 of the 164 seats in parliament after it expelled
      Reuter  -  313 words
    • Article
      Lock icon Taipei stocks surge as Jiang urges military restraint
      400 7 HONGKONG But sources say he failed to persuade generals to curtail war preparations SCMP, Bloomberg Business News TAIWAN stocks soared yesterday after a Hongkong newspaper reported that China's President Jiang Zemin told a top generals to restrain glpns for military aggression against
      SCMP,; Bloomberg Business News  -  400 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      68 7 Christofle Paris Porcelain Alliance and Floral Microgold Pavilion Christofle The Shopping Gallery, 102-11/12 Hilton International Singapore, 581 Orchard Road, Singapore *****3. Tel 733 7257. Espace Christofle: Robinsons 176 Orchard Road, Level 4, Centrepoint, Singapore *****3 Isetan Scotts Level 4,350 Orchard Road, Shaw House, Singapore *****8. Takashinaya Singapore Basement 2, 391
      68 words
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      Page 7 Advertisements Column 2
      51 7 RICHWAY BIIILDIN&%r NEW INDUSTRIAL ROAD S* 7 storey industrial building Land Area: 2663 sq m ***** sq ft Total strata area: 5486 sq m ***** sq ft 2 cargo lifts, 1 passenger lift Ample car parking loading bays Existing Tenancy For further details and enquiries, please call Property Consultants Pte
      51 words
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      Page 7 Advertisements Column 3
      136 7 Memorandum and Articles of Association are issued in Chinese Certificate of Incorporation is issued For further information with company name in Chinese and immediate service characters Michael J Kingston Corporate documents notarised or OFFSHORE authenticated by the Embassy of the CORPORATE SERVICES People's Republic of China 24 RafTks Plac #26
      136 words
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  • ASIA
    • Article, Illustration
      Lock icon Disputed islands included in exclusive zone plan
      335 8 TOKYO Territorial &1m claimed by China, Taiwan and SontkKarea AFP JAPAN plans to establish a 200-nautical-mile exclusive economic zone around its shores that will include several islands claimed by South Korea, China and Taiwan, a Foreign Ministry official said yesterday. The official said
      AFP  -  335 words
    • Article
      Lock icon Poisoned water rumour creates panic
      126 8 COLOMBO AFP THOUSANDS of panic-strick-en residents poured onto the streets and telephone exchanges were clogged in this jittery Sri Lankan capital yesterday amid rumours that drinking water had been poisoned. State television extended early morning transmission to broadcast official statements denouncing the rumours as malicious
      AFP  -  126 words
    • Article, Illustration
      Lock icon Not an easily cowed opposition
      61 8 [MELBOURNE] Farmer Joe Kay walking with his Angus-Hertford cows with 'Liberal 'painted on their backs on his Healesville farm on the outskirts of Melbourne on Tuesday. Mr Kay is supporting the Liberal Party which is attempting to win the government from the incumbent Labor Party
      AFP  -  61 words
    • Article, Illustration
      Lock icon Japan's current account surplus down
      305 8 TOKYO 14£% decline is the lowest level in four years; trade snrplns also down Reuter JAPAN'S huge surplus in its current account fell for a second straight year in 1995, reinforcing the view that its shrinking trend has been firmly established. The finance ministry announced
      Reuter; Source: US Report  -  305 words
    • Article, Illustration
      Lock icon India expects small 1st qtr trade surplus
      327 8 NEW DELHI AFP. Reuter INDIA is expected to show a small trade surplus for the January-March 1996 quarter. Indian Commerce Minister P Chidambaram said yesterday. "January, February and March will bring us a small positive in the trade balance," Mr Chidambaram told engineering
      AFP.; Reuter  -  327 words
    • Article
      Lock icon PM admits getting donations from top jusen borrowers
      269 8 TOKYO 63% of loans given by troubled firms to major borrowers can't be recovered Reuter, Bloomberg Business News JAPANESE Prime Minister Ryutaro Hashimoto said yesterday that h&hadjeceived political donations from companies which are among the top borrowers of the nation's troubled mortgage
      Reuter,; Bloomberg Business News  -  269 words
    • Article
      Lock icon US asking Japan to pay for N Korea oil supplies
      382 8 WASHINGTON Delays in approval from Congress holding np money Reuter THE United States is asking Japan and other countries to pay for oil supplies to North Korea under a landmark nuclear agreement, due to delays by Congress in approving funding,
      Reuter  -  382 words
    • ASIA LNotes
      • Article
        Lock icon Finance ministry revamp under study
        44 8 Bloomberg Business News [TOKYO] A day after two cabinet ministers called for a national debate on whether Japan's Ministry of Finance should be reorganised, Finance Minister Wataru Kubo said he is carrying out his own study of that possibility.
        Bloomberg Business News  -  44 words
      • Article
        Lock icon India approves Hyundai investment
        39 8 Reuter [NEW DELHI] India's Foreign Investment Promotion Board has approved a US$l.l billion (S|l.6 billion) proposal by South Korea's Hyundai Motor Co Ltd to set up a wholly-owned subsidiary, the Bustness Standard newspaper said yesterday.—Reuter
        Reuter  -  39 words
      • Article
        Lock icon S Korean ex-commander indicted
        63 8 Reuter [SEOUL] The former commander of crack Special Warfare troops, Chung Ho Yong, who crushed a South Korean civil revolt in the city of Kwangfu in 1960 was charged with sedition along with two others yesterday, a prosecution official said. Chung, who was arrested on Feb
        Reuter  -  63 words
      • Article
        Lock icon The Keating-Howard show
        58 8 Reuter [CANBERRA] Australian Prime Minister Paul Keating and long-time opponent John Howard have challenged each other to a televised showdown election debate—but they cannot even agree on where to hold it. The pair, who have swapped bitter exchanges for a decade, want to square off on Sunday—but
        Reuter  -  58 words
      • Article
        Lock icon Boutros-Ghali to visit S Korea in March
        62 8 AFP [SEOUL] UN Secretary-General Boutros Boutros-Ghali will visit South Korea and possibly North Korea next month to find ways to ease tensions between the two Koreas, a South Korean ambassador said here yesterday. Mr Boutros-Ghali will visit Seoul for three days from Mar
        AFP  -  62 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      139 8 WWtmm f'iMP! Jf! r v At Air Mauritius, we way of making sure you enjoy the height of comfort and > strive not just to get bigger, convenience with Air Mauritius. but also better. All the time. Call your travel agent, or Air Mauritius on Singapore Which is why, while
      139 words
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  • THE WORLD
    • Article
      Lock icon Nov trade deficit narrows 14%
      484 9 WASHINGTON The unexpected dip points to more robust 4Q growth than forecast: analysts Bloomberg Business News THE US trade deficit in goods and services unexpectedly narrowed 13.5 per cent in November to US$7.O5 billion (Sslo billion) the lowest in almost two years as exports of
      Bloomberg Business News  -  484 words
    • Article
      Lock icon Budget talks set to be revived
      449 9 WASHINGTON Clinton, Dole say health reform plan will help budget deal Reuter PRESIDENT Bill Clinton and Senate Republican Leader Bob Dole on Tuesday welcomed proposals by the 50 state governors to reform Medicaid, saying they may help broker a broader deal to balance the
      Reuter  -  449 words
    • Article
      Lock icon Tax breaks suggested to make US firms take care of workers
      345 9 WASHINGTON Bloomberg Business News US Labour Secretary Robert Reich wants companies to take care of their workers as well as they do their stockholders, and he's offer them a carrot in of lower corporate income taxes. With corporate profits
      Bloomberg Business News  -  345 words
    • WORLD Watch
      • Article
        Lock icon Jet with 189 aboard plunges into sea
        67 9 AFP {SANTO DOMINGO] A Boeing 757 carrying 189 people plunged into the Caribbean late on Tuesday shortly after taking off from the Dominican Republic, apparently killing all aboard, a rescue official said. He said one body had been recovered so far and there
        AFP  -  67 words
      • Article
        Lock icon At least 3,000 killed in Srebrenica
        33 9 Reuter [GENEVA] A Red Cross official said yesterday he was convinced at least 3,000 Bosnian Muslims were massacred after the capture of Srebrenica by Serbs in July.—Renter
        Reuter  -  33 words
      • Article
        Lock icon E Europe faults US on Nato entry
        67 9 AFP (WASHINGTON] Polish and other former Soviet bloc lobby groups accused the US on Tuesday of bowing to pressure from Russia and reneging on a pledge to bring former East Bloc countries into Nato. Eastern European interest groups called on President Bill Clinton's
        AFP  -  67 words
      • Article
        Lock icon Britain leaves Interest rates unchanged
        63 9 Reuter [LONDON] British Chancellor of the Exchequer Kenneth Clarke left Interest rates unchanged after his monthly monetary meeting with Bank of England governor Eddie George yesterday. No statement was made but the central bank later engaged in routine money market operations at unchanged interest rates,
        Reuter  -  63 words
    • Article
      Lock icon Iraq upbeat on outcome of oil for food talks with UN
      353 9 UNITED NATIONS Reuter AMID scepticism from the United States, Iraq's envoy to talks on a UN oil-for-food offer was optimistic about a successful outcome and cleared up two obstacles that had been stumbling blocks in the past. Discussions between
      Reuter  -  353 words
    • Article
      Lock icon Russia may face crisis soon: Soros
      119 9 DAVOS AFP INFLUENTIAL US financier George Soros said on Tuesday he was "quite worried" that Russia would suffer a financial crisis even ahead of presidential ballots to be held in June. Speaking at the World Economic Forum (WEF) in Davos, the Hungarian-born financier said
      AFP  -  119 words
    • Article, Illustration
      Lock icon Targetting their careers
      43 9 [MOSCOW] Young female cadets of Moscow's Special Militia School getting some help from their instructor during a shooting session. The number of young women enlisting in such military schools is on the rise, due to the lack ofjobs forfemales. AFP
      AFP  -  43 words
    • Article
      Lock icon Clinton lifts limits on US firms in China satellite projects 8
      329 9 WASHINGTON Reuter PRESIDENT Bill Clinton on Tuesday made it easier for three US firms to participate in civilian commercial satellite launch projects in China. The decision comes amid increasing diplomatic and trade tensions between Washington and Beijing, but officials
      Reuter ,  -  329 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      70 9 Belville Garden ftt Robin Road eV §1 Prime residential development site h» x» Potential to develop up to 10-storeys StZ with a plot ratio ofT.6 Site Area of 34,006 sf /y B p!rt lt Freehold Tenure Etslmorel Pertt m Closing date of tender Pt 3sr d 28 February 1996 (Wednesday)
      70 words
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      Page 9 Advertisements Column 2
      24 9 w at w®(pppmanrMEJUS,iNXM* !JB g ft outiquk: Ncee Ann City, •01-07. Tel: 733 8147 CORN!*: ISETAN SCOTTS. LEVEL 3. TEL: 735 OS3S Ermenegildo Zegna
      24 words
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  • EDITORIAL & OPINION
    • Article, Illustration
      Chile and US as economic role models
      776 10  -  OPINION TD BOTTOMLZMB By Paul Samuelson The writer is an economist at the Massachusetts Institute of Technology. This article first appeared in The Los Angeles Times CONFRONTATIONAL politics in Washington is not a pretty sight Twice, refusal to compromise, on the part of
      776 words
    • Article
      IN OTHER WORDS
      138 10 4 We are not going to accept Chinese promises, after all we have 30 pages of them in the agreement, we want action.' -Safer US trade aflldal on the Sino-US agreement to protect intellectual property rights signed Feb 26,1995. China faces more than US$l billion (551.42 billion)
      138 words
    • Article
      Some home truths
      611 10 EDITORIAL IT is a sure sign that buying fever is back when you have snaking queues and police standing by for crowd control at a properly launch Was this the reason for last week's announcement by the Urban Redevelopment Authority that it is ready to supply up
      611 words
    • Article, Illustration
      Lock icon Politics and growth
      1012 10 Economists are still trying to identify aspects of the political environment that influence a nation's development The Economist HOW DO differences in countries' political environment affect their economic performance? This question is often fraught with prejudice. Liberals would love to find that, as well as being a
      The Economist  -  1,012 words
    • Article
      WHAT THE OTHERS SAY
      824 10 Pn <Pypm»oT«r Taiwan MORE and more, it seems like a deadly game of chicken: China threatens to attack Taiwan, which it considers a wayward province; Taiwanese politicians talk of independence... The risk is that one side won't swerve away, a miscalculation that could wreak havoc in
      824 words
  • Page 10 Miscellaneous
    • Miscellaneous
      Page 10 Miscellaneous Column 1
      65 10 DOOHMSBURYi?y Gary Trudeau C ybercjtizens -for-steve- most of us here arelf that* why the forbes c/wiA FORBES HAVE 6ATHEREP LOAPEP UP WTTH STOCK PAI6NISAHOLYCKUSAPE! AT BERNIE'S BYTE SHACK. OPTIONS' ANP WE PESERVE THAT* WHYME MUST FI&HT \COHAT? I TAKE A BREAK 7 TTTUBHBMBHIIMH 'EM "WE BLUET THIZMCUrtKf, UMTH EVERY FIBER
      65 words
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  • EXECUTIVE LIFESTYLE
    • CHATTER Box
      • Article
        Lock icon Bat judgment?
        94 11 Knight-Ridder VAL KILMER has been slapped with a U*****,000 (511.05 billion) federal judgment over a real estate loan. Kilmer, last seen as the Caped Crusader in Batman Forever, and brother Mark Kilmer have appealed in the US District Court in Los Angeles. The Federal Deposit Insurance Corp says
        Knight-Ridder  -  94 words
      • Article
        Lock icon Bobby Brown's back with Whitney
        65 11 Knight-Ridder BOBBY Brown says he and superstar Whitney Houston are no longer split but that "we still haven't put our rings back on". The singer denies he's disturbed by Houston's greater success, noting: "How can Ibe jealous of my own wife?... No, thafs not me.
        Knight-Ridder  -  65 words
      • Article
        Lock icon Robbie Williams in talks with EMI
        92 11 AFP SINGER Robbie Williams, who last summer left Take That, one of Britain's most successful pop groups, is believed to be in talks with EMI Music about a multi-million pound recording deal, the Financial Times reported yesterday. The paper said that if the talks
        AFP  -  92 words
      • Article
        Lock icon Scorsese to show Casino in Sweden
        97 11 AFP AMERICAN film director Martin Scorsese has agreed to show his latest movie Casino in Sweden despite losing a censorship battle with the Swedish authorities, the daily Dagens Nyheter (DN) said on Tuesday. Sweden's Supreme Administrative Court recently upheld a decision by the country's
        AFP  -  97 words
      • Article
        Lock icon BJork to work her magic in Beijing
        80 11 AFP ICELANDIC pop star Bjork will try to work her magic in «Beijing's Workers' Gymnasium on Tuesday. Her appearance will be the first by an international pop singer since Roxette last February. Hie former singer of Sugarcubes has had an impressive solo career
        AFP  -  80 words
      • Article
        Lock icon Roseanne ends stint at New Yorker
        106 11 UPI SHE could give up her day job: sitcom queen Roseanne has finished her moonlighting stint as a guest consultant to the New Yorker, one of editor Tina Brown's ideas to promote the magazine. Brown's appointment of Roseanne last year so angered long time
        UPI  -  106 words
    • Article, Illustration
      Lock icon Learning violence from TV
      592 11  -  New study confirms prevalence and glamorisation of violence on TV, reports SUSAMCORMWEUi SUSAN CORNWELL Reuter Anew study warns Americans they could be learning violent behaviour from their television sets, which depicts perpetrators of violence getting away unpunished most of the time and victims feeling no pain.
      Reuter  -  592 words
    • Article
      Lock icon Court allows Michael Jackson to film music video in Rio slum
      336 11 VIDEO Jackson accused of acting like towncrier against hunger only to make money Reuter [RIO DE JANEIRO] A judge has paved the way for Michael Jackson to film a video in a Rio shantytown, a day after effectively banning
      Reuter  -  336 words
    • Article
      Lock icon Going to great pains to leave a Samoan mark on stage
      383 11 THEATRE No playacting as actor undergoes the tattooing nightly AFP [AUCKLAND] Spurning special effects and make-up, a theatre company here is staging a play in which a man is each night undergoing an extremely painful and usually very private
      AFP  -  383 words
    • Article, Illustration
      Lock icon Film master of human fragility
      862 12 MOVIES Although badly affected by a stroke, Antonioni has a voice -his wife NYT [PARIS] When L'Avventura was shown at Cannes in 1960, the audience hooted; in New York, critics suggested that he could take some tips from Woody Allen, lighten up. Michelangelo Antonioni, 83,
      NYT  -  862 words
    • Article, Illustration
      A unique Asia-Europe Weather Report
      910 14  -  ART The 30 works at The Substation provide an intellectually stimulating experience By- Iola Lenzi [SINGAPORE] Though the world of international finance has looked to South and East Asia for excitement and inspiration for several years, Western art circles, still recovering from the late 1980s
      910 words
    • Article
      Lock icon Two Picassos, a Pissarro missing
      245 14 ART Traveller's USslom artworks disappear at Kennedy airport NYT {NEW YORK] It is not every day that a traveller walks up to a customs counter at Kennedy International Airport, unzips a portfolio from his carry-on luggage and tries to declare two portraits by Picasso and
      NYT  -  245 words
    • Article, Illustration
      Lock icon Apollo 13 makes it back to earth – but may fail to get into China's cinemas
      435 14 Apollo 13 makes it back to earth but may fail to get into China's cinemas MOVIES Knight-Ridder [HONGKONG] The astronauts on Apollo 13 may have made it back to earth, but the movie that portrays the failed lunar landing won't make it into China. China has blocked the import of
      Knight-Ridder  -  435 words
    • Article, Illustration
      Lock icon Don't cry against me, Argentina: Madonna
      530 14 MOVIES Argentinians urged to saspend judgment till they see her act as Eva Peron UPI [BUENOS AIRES] US pop star and actress Madonna held a news conference on Tuesday to answer critics who disapprove of the "Material girl" playing Argentina's beloved former first lady,
      UPI; REUTER  -  530 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
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      57 words
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      Page 11 Advertisements Column 2
      137 11 The Finest Thai Teochew Cuisine Comes To Town Taste It! Right in the heart of Holland Village, far from the madding crowd, a Thai Chinese Restaurant serves the finest food. Braised extra superior shark's fin with a delicious brown sauce in a claypot. Fish maws surprisingly fried. Crab Vermicelli that
      137 words
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      Page 12 Advertisements Column 1
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      897 words
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      Page 12 Advertisements Column 2
      97 12 hB Han Kan Kmg of H« Sunday limes uotedltie ttittes Bner**** Scourse candelight dinner (s9B*++ per oouple) y Soup of love Scalop Kebabs Oraon Deep/ Lowe Tender Steak Dessert Glass of Wine Cwyl—tai Awtoii wi b> |liw »wr)i cwpk t 3t Mm Ptak. Phnct Mann «01-10, Singapore *****1. t Take
      97 words
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      Page 13 Advertisements Column 1
      779 13 SINGAPORE BUSINESS I ~,vss- v l Where to wine, dine and entertain KINTAMANI -INDONESIAN RESTAURANT— Ramadan Buffet 32nd JAN '96 13th FEB '96 15th FEB '96 21St FBI '96 Come, break your fast with Ramadan Buffet featuring Padano and a wide selection of popular Indonesian Cuisine. •Buffet Lunch available dally
      779 words
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      Page 13 Advertisements Column 2
      39 13 THE BEST HAWKERS'HIRE AT THE PHOENIX. Tempt your tastebuds with our tasty hawker fare. Youll be thrilled. Lunch: 12 noon to 2JO pm. Adult: $I*3o* Child (under 12): $11.34* For reservations, call 737 8666 ext 129 *> PHOENIX COFFEE HOUSE
      39 words
  • Page 13 Miscellaneous
    • Miscellaneous
      Page 13 Miscellaneous Column 1
      752 13 TV&RADIO lIMHP SMM M° Shining Stars. ILM Polka Dot Door. 1 15 NNNews^ 3.00 Abbott CostPllo Mask Fokus S LittS Rascals MM The Celebrities' Show. 1M CNN/Asia Business Ream Atom Ant 1149 The 7ml a M NN Entertainment Beat. LM CaU'N'Shop. ■ao cKjninff PM Mid-Day News. CM Primarama. CM Sesame
      752 words
    • Miscellaneous
      Page 13 Miscellaneous Column 2
      218 13 CKVFTIC CROSSWORD 1 Having support, showed off (8) 5 City doctor totally wrapped up control (8) driver (9) 13 Chemical compound obtained from trees (5) way 19 An offering coppers dislike ac--24 A contentious sportsman? (5) -ZjßZjßZji^ 25 Spread at sea to entrap fish (9) 27 Childish complaint made by
      218 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Packard Bell acquiring Zenith Data Systems
      431 15  -  Move leaves question mark over fntnreof IPCCorp's ties with Zenith By. Jennifer Lien US personal computer giant Packard Bell yesterday said it was acquiring US-based Zenith Data Systems a move which leaves a question mark over the future of homegrown IPC Corp's relationship with
      431 words
    • Article, Illustration
      Lock icon Fall in electronics stocks bucks global trend
      437 15  -  Profit expectations fan buying fever In New York, Tokyo w Ven Sreenivasan (SINGAPORE] Singaporelisted electronic counters bucked the trend in Japan and the US, where electronics stocks on the Tokyo and New York bourses have been surging on bullish profit forecasts. Bloomberg's 28-stoclc
      JEN CHUA  -  437 words
    • Article, Illustration
      S'pore investors not insulated from Yunnan aftershocks
      659 15  -  HOCK LOCK SIEW By Lee Han Shih THE south-west Chinese province of Yunnan is 2,700 kilometres and one time zone away from Singapore. But is that enough to insulate investors here from the aftershocks of the earthquake that devastated the Yunnan city of
      659 words
    • Article
      Nominee in Horiguchi case sells 2.2% stake
      223 15 [SINGAPORE) The man who was unmasked as a nominee of Ho Wah Genting Bhd chairman Lim Hui Boon in the takeover of Horiguchi Engineering last year has given up his remaining stake. Yesterday, Malaysian businessman Tan Ew Chew sold his remaining 2.2 per
      223 words
    • Article
      CMB gets SES nod to bypass shareholders for China deal
      344 15 Can-maker to expand joint venture and defer another plan [SINGAPORE} Can-maker CarnaudMetalbox Asia (CMB) has secured the Stock Exchange of Singapore's approval to expand the scope of its joint venture in Beijing without seeking shareholders' approval. Last month, CMB and
      344 words
    • Article
      Hind Hotels to build 5 office blocks in NZ
      217 15 [SINGAPORE] Listed Hind Hotels International, which owns more than NZ$9O million (5585.5 million) worth of property in New Zealand, plans to build five more office buildings in its Central Park complex in Penrose, Auckland. Bayleys Real Estate's commercial leasing manager in
      217 words
    • REGIONAL COMPANIES
      • Article
        Lock icon Malayan Cement profit up 33.7%
        386 16 Robust market sends group pre-tax to M5121.7m on turnover of Mss29m Bernama [KUALA LUMPUR] Malayan Cement Bhd posted its highest pre-tax profit with a 33.7 per cent increase in group pre-tax profit to M 5121.71 million (5567.8 million) for the financial year ended Nov 30,
        Bernama  -  386 words
      • Article
        Lock icon S'pore Tech unit in China tie-up
        215 16 Reuter [SINGAPORE] AMS Precision Engineering Ltd, a unit of Singapore Technologies Pte Ltd (ST), said yesterday it had agreed to form a joint venture firm with Aviation Industries of China (Avic). The joint venture, CASIN Precision Technologies, would provide integrated manufacturing services to major
        Reuter  -  215 words
      • Article
        Broking firm apologises to Acma over report
        130 16 [SINGAPORE] Acma yesterday said that a local broking house had apologised and retracted a report saying that Acma's executive chairman Quek Sim Pin was under investigation by the authorities. The main board listed company and its executive chairman "categorically state" that they are
        130 words
      • Article
        Landmarks' net gain up 6% to M$38.7m
        162 16  -  From Ruth Wong in Kuala Lumpur LANDMARKS Bhd, thrown into the limelight because of a botched share sale contract by major shareholder Samsudin Abu Hassan, has recorded a 6 per cent rise in net profit to M 538.67 million (5521.5 million) for the
        162 words
      • COMPANY Briefs
        • Article
          DBS Land on financing plans
          51 16 {SINGAPORE 1 In response to a BT report yesterday, DBS Land said that although It had no plans In the Immediate future for a private share placement, it was regularly considering various proposals from financial Institutions on credit facilities as well as debt equity linked
          51 words
        • Article
          Stamford Tyres unit renews Indon deal
          53 16 [SINGAPORE] Stamford Tyres Corp's wholly-owned subsidiary Stamford Tyres International has signed an agreement to renew a two-year US$l5 million (8521J2 million) contract to provide a complete programme In earthmover tyre management, tyre service and the supply of truck and earthmover tyres to P T
          53 words
        • Article
          Jack Chia ups stake in JC-MPH
          25 16 {SINGAPORE] Jack Chla has increased his interest in Jack Chia-MPH Ltd to 139.97 million shares or 64.63 per cent.
          25 words
        • Article
          Singbus Land forms new units
          47 16 [SINGAPORE] Singapore Bus Bervice Ltd's wholly-owned subsidiary Singbus Land has formed two new subsidiaries —Marylebone Investment and Eukay Properties. Maryiebone will be a property investment company while Eukay will hold the properties tor trading purposes. Both new subsidiaries are Incorporated in Singapore.
          47 words
        • Article
          SDH deal no impact on Teledata results
          43 16 [SINGAPORE] Teledata (Singapore) Ltd announced yesterday that the award of the Synchronous Digital Hierarchy (SDH) project to Singapore Telecom has no significant impact on the current year's earnings and net tangible assets of the Teledata group.
          43 words
        • Article
          HSBC opens Chiangmai office
          9 16 {SINGAPORE] Th H ngk ShBH
          9 words
      • Article
        Indosat net profit jumps 59%
        506 17  -  Interest income on IPO proceeds a major contributor tobottomline By\ S N Vasuki (SINGAPORE] PT Indosat, Indonesia's international telecommunications carrier, posted a strong 59 per cent jump in 1995 net earnings though a major contributor to the bottomline was interest income on the proceeds of
        506 words
      • Article
        Jardine unit to make rights issue
        346 17  -  From. Al Labita in Manila JARDINE Da vies Inc (JDI), a subsidiary of Hongkong's Jardine Matheson, will make a 9-for-10 rights issue next month to raise more than 1.8 billion pesos (5597.5 million). Its corporate lawyer, Lope Prey, told BT yesterday that it would
        346 words
      • Article
        Lock icon San Miguel growth below forecasts
        166 17 Bloomberg Business News [MANILA] Brewer and food manufacturer San Miguel Corp said recurring profit increased a lower-than-expected 9 per cent to 5.38 billion pesos (***** million) in 1995 as higher commodity prices cut into revenue. Melanie Santos, an analyst with DBS Securities Philippines Inc, said:
        Bloomberg Business News  -  166 words
      • Article
        Lock icon LSE expects more Indian listings
        138 17 Reuter [NEW DELHI] The London Stock Exchange (LSE) expects a good many more Indian firms to list global depositary receipts (GDRs) on the bourse over the next year, said its deputy chairman. Lan Salter said in an interview in the Indian capital on Tuesday that
        Reuter  -  138 words
      • Article, Illustration
        HK property stocks' fall temporary: analysts
        483 17  -  Prom Quak Hiang Whai in Hongkong THE spate of share sales by Hongkong property conglomerates will put pressure on stocks in the short term but analysts remain confident that property counters will rise again. Analysts say that amid growing optimism that the Hongkong property
        483 words
      • Article
        Lock icon KL seeks NTT multimedia tie-up
        142 17 Reuter (TOKYOI Nippon Telegraph and Telephone Corp president Masashi Kojima said yesterday that NTT had been asked to cooperate in developing Malaysia's fledgling multi-media business. "We would like to cooperate as much as possible, although details have not been decided yet," Mr Kojima said after
        Reuter  -  142 words
    • INTERNATIONAL COMPANIES
      • Article
        Lock icon Microsoft faces antitrust probe over acquisition
        335 18 Regulators check whether takeover of Web software firm Termeer will hart competition NYT [WASHINGTON] Microsoft Corp's acquisition of a fledgling World Wide Web software company, Vermeer Technologies Inc, is being probed by federal antitrust regulators, the Justice Department said. The investigation stems from questions
        NYT  -  335 words
      • Article
        Lock icon Coke posts biggest gain in US sales
        276 18 Big players erase past gains by smaller companies and private-label brands Bloomberg Business News tATLANTA! Coca-Cola Co led the soft drink industry in US sales in 1995, as bigger companies pared previous gains by smaller competitors. Coca-Cola, the world's largest soft-drink maker, posted
        Bloomberg Business News  -  276 words
      • Article
        Lock icon PepsiCo 4Q earnings down 1.1%
        155 18 Bloomberg Business News [PURCHASE, New York] PepsiCo Inc said its fourth-quar-ter earnings slid 1.1 per cent on lower-than-expected shipments of soft drinks in the US, increased spending to boost sales and one less week in the quarter. The company said profit from operations fell to
        Bloomberg Business News  -  155 words
      • Article, Illustration
        Lock icon Czech banker honoured
        52 18 [FRANKFURT] Czech national bank president Josef Tosovsky (left) receiving the European Banker of the Year 1995 award from Juergen Sarrazin, chairman of the board of Dresdner Bank, at the chamber ofcommerce here on Tuesday. Twenty-one Frankfurt-based journalists award the prize every year to a banker for outstanding
        AFP  -  52 words
      • Article
        Lock icon Time Warner shares surge on bright prospects for 1996
        200 18 Top officials working to settle dispute over entertainment unit Reuter [NEW YORK] Time Warner Inc shares surged after the company issued a bullish 1996 outlook and signalled it was on the way to ending a tangled dispute over the cable and
        Reuter  -  200 words
      • Article
        Lock icon Turner Broadcasting profits fall in 4Q but soar for full year
        272 18 Reuter (ATLANTA] Turner Broadcasting System Inc said on Tuesday its net income dropped 27 per cent in the fourth quarter, although profits for the year increased as the cable television operator attracted record audiences. The TV and entertainment company,
        Reuter  -  272 words
      • Article
        Lock icon Apple's board said to be weighing two offers
        301 18 Reuter [SAN FRANCISCO] Apple Computer Inc's board of directors is believed to be weighing two different offers for the company and one of them is presumed to be from Sun Microsystems Inc, industry sources said. It was not clear what other company
        Reuter  -  301 words
      • GLOBAL Briefs
        • Article
          Lock icon AT&T assures Internet shoppers
          70 18 Bloomberg Business News [BRIDGEWATER, New Jersey] ATM* Corp said an Tuesday that customers of its planned Internet service will not be liable for charges run up by high-tech thieves. The offer is intended to encourage on-line shopping by people who worry that current safeguards wont protect
          Bloomberg Business News  -  70 words
        • Article
          Lock icon Kodak eyes China photo film makers
          65 18 Bloomberg Business News [HONGKONG] Eastman Kodak Co is negotiating to buy controlling stakes in China's three biggest makers of photographic film. The State Economic and Trade Commission told Xiamen Fuda Photographic Materials Co that Kodak wants to buy an 80 per cent stake for
          Bloomberg Business News  -  65 words
        • Article
          Lock icon Credit Lyonnais to decide on MGM sale
          52 18 UPI [SANTA MONICA, California] Metro-GoMwyn-Mayer owner Credit Lyonnals has indicated it will decide within three weeks whether to take bids on the US film studio, the Hollywood Reporter said on Tuesday. Hie French bank must sell MGM by May next year under US
          UPI  -  52 words
        • Article
          Lock icon Chrysler set to reject Kerkerian nomines
          72 18 Reuter [DETROIT] Chrysler Corp's board of directors, flush with a strong profit outlook and a stock price of nearly US$6B (SsB4), is likely to rerject formally today billionaire Kirk Kerkor ian's bid to put a representative on the board, industry experts say. Several institutional
          Reuter  -  72 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon Forecasts vary for end-96 targets for key markets
        539 19 Analysts see gold either US$3BO or US$4BO an ounce and the Dow at 5,000 or 5,900 Reuter [HONGKONG] Gold at either US$3BO (*****.60) or US$4BO an ounce. Japan's Nikkei 225share index at either 24,600 or 27,200. The US Dow industrial average at
        Reuter  -  539 words
      • Article, Illustration
        Lock icon No work today...
        49 19 [KATOWICE, Poland] A Polish miner checking his overalls in a locker room at the Piast Colliery on Tuesday. Coal miners from the Silesian region went on strike on Monday, demanding higher pay and government guarantees that there will be no change in their pension system. REUTER
        REUTER  -  49 words
      • Article
        Sumitomo sets up venture capital unit in Singapore
        245 19  -  By\ Shiv Taneja [SINGAPORE] Japanese trading giant Sumitomo Corp has diversified into the venture capital business by setting up a wholly-owned subsidiary in Singapore to capitalise on investment opportunities in South-east Asia. The Singapore unit, Sumicorp Capital Asia Pte Ltd, was incorporated
        245 words
      • Article
        Lock icon Sino Land to issue US$200m Euro bonds
        322 19 SCMP [HONGKONG] Following the lead of Paliburg Holdings, Sino Land is locking in low interest funding through a fiveyear Euro convertible bond issue amounting to US$2OO million (Ss2B3 million). The issue is being leadmanaged by Jardine Fleming Securities, which was also the lead
        SCMP  -  322 words
      • Article
        Lock icon M'sian overnight rate falls to 7.5%
        340 19 One percentage point drop from 85% comes after two-point gun late last week Reuter [KUALA LUMPUR] The overnight interbank rate dropped by one percentage point at the close yesterday on a slight improvement in liquidity and a shift in focus to longer-term borrowings, dealers
        Reuter  -  340 words
      • Article
        Deutsche Bank's new securities system
        138 19 [SINGAPORE] Deutsche Bank will soon launch db Custody, an electronic banking system for securities and custodial services, in Singapore. The bank said yesterday that db Custody provides timely reporting on securities movements as well as access to the bank's cash and foreign exchange facilities. The
        138 words
      • Article
        Lock icon Opec unlikely to benefit from higher demand
        322 19 ENERGY REPORT Reuter [LONDON! Oil demand looks set to rise sharply in 1996 but with supply at record levels and Iraq talking to the United Nations about a temporary resumption of exports, cashstrapped Opec producers will see few gains. Non-Opec producers are expected
        Reuter  -  322 words
      • Article
        Lock icon CURRENCY REPORT
        173 19 Reuter The dollar was unable to extend its recovery against tfce yen too far in Europe as the 106.00 yen level continued to provide a tough obstacle. It was also struggling Jto make headway on the mafk despite the recent move abdVe the 1.4710/20 barrier and is set
        Reuter  -  173 words
      • Article, Illustration
        Untitled
        1110 19 nrmBAHKCUMLMICTEATBg 4pm MT AO*** MMtSt AfiMU AfdMt tfSI twrwdw W OWf 1 pilar cwwtm K Offar m Offf *»e 27.1042 27.9349 5.0700 ***** Local dollars to om unit of tortign cvrrmcp: HtMtoM Oaflar *30 MJ2 7 7300 ***** AistraOanOaOar ***** 1.0*76 0.7533 0.7530 Mm*Un*Uk 0.0*17 0.0410 *****00 2*2.000 fw< »-033l
        1,110 words
    • COMMODITIES & FUTURES
      • Article
        COMMODITY Reports
        882 20 [KUALA LUMPUR] Tin price on the Kuala Lumpur Tin Market closed two sen higher to M 515.74 per kg yesterday amidst the firm performance on the overnight London Metal Exchange. On the LME, three-month metal closed unchanged from Tuesday at US$2O. At the opening level, initial bids amounted
        882 words
      • Article
        Lock icon SIMEX Report
        1061 20 Reuter (SINGAPORE] The dollar's volatile movements against the yen yesterday led activity in Simex Euroyen futures, which ended weaker after a choppy but thin session. The US dollar's early fall below 105 yen boosted Japanese interest rate futures, but the greenback's sharp recovery on rumours that the Bank
        Reuter  -  1,061 words
      • Knight-Ridder Commodity Summary
        • Article
          Taiwan collects data for dumping suit
          73 20 [TAIPEI] Taiwan's Chinese National Federation of Industries is gathering information in preparation for the filing of an anti-dumping suit against Chinese manufacturers of alloy and other types of specialty steel, the CNFI said yesterday. A CNFI official said the dumping allegations were raised recently
          73 words
        • Article
          Nippon Oil trims excess
          125 20 [TOKYO] Japan's Nippon Oil Co said yesterday it will rationalise its organisation with the aim of raising efficiency and helping its sales outlets' activities, according to Kyodo news service. The largest Japanese oil product distributor will pare the number of divisions at its Tokyo headquarters to
          125 words
        • Article
          Opec oil output up
          64 20 [PARIS] Opec countries produced an estimated 25.8 million barrels of crude oil per day in January compared with a revised 25.68 million bpd in December, the International Energy Agency said in its monthly Oil Market Report released yesterday. The December Opec crude output figure was originally
          64 words
        • Article
          Battery production set to rise
          86 20 [CANBERRA] The battery-making industry will consume 75 per cent of the world's lead supplies, up from 28 per cent 30 years ago, according to an official of Australian metals company Pasminco Ltd. "With the explosion in motor vehicle ownership in Asia, car and motorcycle battery
          86 words
        • Article
          Former USSR a lead importer
          75 20 [CANBERRA] Within five years, the former Soviet Union will import more lead than it exports, reversing a long-running trend, according to an industry analyst. Neil Buxton of Metal Bulletin Research of London said declining grades of mine ores and a recovery in domestic consumption were
          75 words
    • Article
      COMMODITY PRICES
      1107 20 POOM FUTUMB Feb 7 1 n SK>(MvndNtata>at»Qpa) tCOKTtACTacaataftp) Ctm VotwM OpM t— S«tt tt——) ftomt ■*96 219JO 219.50 219J0 100 1550 217.25 900 4325 MafM 217JO 215.00 215.50 150 4025 J" 214.50 3225 *£•0* 20.00 ***** Qdfct 96 213.00 ***** 212JO 375 4950 MA* 97 212.00 W75 i.«
      1,107 words
    • Article
      REGIONAL STOCK MARKETS
      4609 21 Hi*y» *nm SHARE prices closed broadly higher yesterday on the back of renewed buying of both the futures and cash markets. The Nikkei Average closed up 192.34 points at 20.943.49. The Topix Index gained 19.25 to 1,622.14, while the Nikkei 300 Index was ahead 3.86 at 302.91.
      4,609 words
    • Article
      WORLD STOCK MARKETS
      1555 21 Qbata -2L4 EQUITIES finished lower yesterday, unsettled by a scarcity of any upbeat corporate or economic news as well as a growing concern that the FTSE could be on the verge of a moderate correction, dealers said. "There is a growing feeling in the market that the
      1,555 words
    • Article, Illustration
      Lock icon HONGKONG
      2436 22 AFXAsia P Hang Seng -171 SHARE prices closed slightly lower in heavy trade yesterday as investor sentiment improved on Cheung Kong's HK$5.3 billion (***** million) cash call. The Hang Seng Index closed down 2.79 points at 11,388.59. Turnover was HK$l2.6 billion. "The market has taken Cheung Kong's share placement
      AFX- Asia; BCRUZ  -  2,436 words
    • Article, Illustration
      Lock icon CHINA
      643 22 Reuter Qsinn|<h»i HSbwtfndiHf ■0.47 SHANGHAI B Share Index closed lower yesterday on selling of Pudong shares by investors concerned over its 1995 results. The B Index ended down 0.47 point to 50.47 on volume of 2.3 million shares worth US$l.l million. "Recently, there has been selling pressure on Pudong
      Reuter; Source: Credit Lyonnsis Securities(Asia) Ltd  -  643 words
    • Article, Illustration
      Lock icon BANGKOK
      1222 22 Reuter n SET Intel -131 STOCKS closed slightly lower in thin trade yesterday as local retail players made speculative sales and liquidity tightened. The SET Composite Index closed 6.31 points lower at 1,408.73 on 6.6 billion baht turnover. Falls beat risers 245 to 89 with 122 issues unchanged. Brokers
      Reuter; ALLAN  -  1,222 words
    • Article, Illustration
      Lock icon JAKARTA
      1030 22 Bloomberg Business News QOompoate&idac -LSI STOCKS fell on investor concern that interest rates will remain high and slow corporate profit growth. Indonesia said yesterday its consumer price index, the key measure of inflation, rose 2.16 per cent in January from December, its biggest one-month gain in more than a
      Bloomberg Business News; JEN CHUA  -  1,030 words
    • KUALA LUMPUR STOCK MARKET
      • Article, Illustration
        Lock icon Share prices fall as foreign funds ebb
        7219 23 KUALA LUMPUR Reports Bloomberg Business News n Composite Index -2.78 STOCKS fell after five days of gains, led by casino owner Genting Bhd, as foreign investors decided stock prices weren't justified by company earnings, dealers said. "We've noticed a considerable ebb in foreign
        Bloomberg Business News; ALLAN  -  7,219 words
    • WARRANTS & OPTIONS
      • Article
        Malayan Flour worth looking at
        3582 24  -  WARRANT WATCH By R Sivanithy SO FAR, the Malaysian market has lagged behind Singapore. While the STII recently closed at its all-time high, the Kuala Lumpur Composite Index, at 1,080, is a good 18 per cent down from its own high of 1,314 reached two
        3,582 words
    • Article
      CLOB INTERNATIONAL
      2077 24 lumooo lllWBtlXI IJTttOQO MhtMrtSOc im.000 niii INI 15M# •OiCmWt UIUM as* sm CASMSOc bMW (WMMNN iAmm WM00 TUttlWi i UWJW m—uin'ooo I I W 1 1 WwOIHl 04 M U iff s e SSs&P m f it M Will will M2 I U MAt.,., „.4M ft U Sr-
      2,077 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        929 25 TWHMvnroot) vaujccooo) *m em Tttm mm em um IMI7 MJM M.0M mj2) SUM 249,112 2S2f* M74 KM>» W.7M #9,750 *JM 10*. 0*4 W* 9.1*0 7,429 #,479 10,017 19.519 »Wtm 14,072 0229 27.301 72.093 14.090 90,173 "*WIW 2.447 *,7** 4,744 Jf"*« 1.990 1,990 7.043 7.043 W.OO «m 23.90* 21,999 IU0T 33.144
        929 words
      • Article
        MAIN BOARD
        4305 25 Or Or M Wt 1999/9* Last V«4 Day Last Owtl Otv ON VM MM Cap A»* MN> law wm »ata roooi hm* Law Bwyar urnm cv M »■> m«a ■SNTMU 214 176 1258 A car SOc US204 -2 89 205 203 203 204 134 3377 494 318* mt
        4,305 words
      • Article
        SESDAQ
        821 25 or c* h m VM On LaatOwata Mv Otv VM Mat Co* A*« MNfc U» ««W Cl—Ml SaM PDQO H*» Low »ar 8a«ar Cw Pft ffm PHw U j S 200° *—MfySC- 295 *1 238 285 278 283 285 W.0 69 OJ 62 0 126.0 277 280 SO 2001
        821 words
      • Article, Illustration
        HOT STOCK
        55 26  -  -by Paul Leo BUYING interest is returning strongly to Clipsal Industries as it approches its three-year low. Three attempts to break below US$2.OO since January 1993 had failed and it looks like the current attempt will also not succeed Yesterday's two US cents decline to US$2.lO has pushed
        55 words
      • Article, Illustration
        Late window-dressing despite SES warning
        931 26  -  STOCK MARKET COMMENTARY Final reading of SITE unrepresentative of consolidation in the overall market By R Sivanithy [SINGAPORE] Despite a warning by the Stock Exchange of Singapore that it is looking at l&st-minute manipulation of the Straits Times Industrials Index, late buying of index-linked stocks
        931 words
      • ON THE GRAPEVINE
        • Article
          Hot stock: fund managers
          109 26 A FEW years ago, the scarce commodity in the financial sector was forex dealers, then it was stockmarket analysts and dealers, and more recently, those with corporate finance experience. But the latest hot property is people with fund management experience. The word on the street is
          109 words
        • Article
          Right name for the job
          38 26 TALK about being named for the job. The managing director of after-market operations of United Technologies is a chap called Otis Chen. United Technologies is, of course, the parent company of Otis elevators.
          38 words
        • Article
          K S Li's HK$5.3b answer
          151 26 ONE of Hongkong reporters' favourite questions is: "Mr Li Ka-shing, will your companies be raising money through share placements?" In the past month as the share placement market picked up, that question has come up at least dozen of times but the territory's "Superman"—with the
          151 words
        • Article
          Eat 'em, drink 'em, junk'em
          90 26 CYCLICAL stocks bear many risks. Hence, the more conservative investor might opt for the safer "growth stocks". Unlike cyclical stocks, these are stocks of companies deemed able to prosper regardless of the economic conditions they operate in. Typically, they would be your food-related, soft drinks
          90 words
        • Article
          Scared stiff
          70 26 PUNTERS take note. Hassan Zein Mahmud, the affable president of the Jakarta Stock Exchange, says that he is scared about the recent performance of the bourse. Reason: prices in the Jakarta market have soared 14-15 per cent since the beginning of January. "I'm concerned whether share prices will
          70 words
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      95 15 <Vn >- e ✓"> twt f -#r» «T-N w> rT j^j| 10 BRUNO MAGLI fRHk jfl fl ,i- < A A J^W I J| I y 'jlm. If r SINGAPORE BOUTIQUES: CENTREPOINT #01-30 TEL: 737 4509 PARAGON BY SOGO #01-19 TEL: 734 9935 CORNERS: TAKASHIMAYA S C. METRO PARAGON METRO
      95 words
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      1838 16 TIMES NOTICE NOTICE IS HEREBY GIVEN that. I KOH BOK of Blk 258 Yishun St. 22 #01-63 Singapore *****8, have applied for a Retail Liquor Shop Licence in respect of M/s LI AN HONG MINI MART located at Blk 849 Woodlands St. 82 #01*213/215 Singapore *****9, and this application will
      1,838 words
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      Page 16 Advertisements Column 2
      310 16 IN THE MATTER Of THE COMPANIES ACT, CHAPTER 80 AND IN THE MATTER Of BONE LINE (S) PTE LTD PN LIQUIDATION) FINAL MEETING NOTICE IS HEREBY GIVEN, pursuant to Section 308 of tha Com pan las Act. Chaptar 50, that ma FINAL MEETING of tha Mambara of tha abovanamad Company
      310 words
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      54 17 Q rt>B nobler t,o) nr.llJ V ,V rn q uo.t Jfc FASHION FORWARD at THE BOUTIQUE Statements with a leading edge. The sensuous touch of a designer's inspiration in textures, in tones, in totality. Clothes simply born to be worn. Glamour»M«, The Boutique #02-01 The Promenade 300 Orchard Roaa Singapore
      54 words
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      Page 17 Advertisements Column 2
      34 17 1 FASHION FORWARD: DIRK BIKKEMBERGS MATStIDA COSTUME HOMME THIERRY MUGLER ALEXANDER MCQUEEN m \1 mW A I M HI I V ■pS L I U ONE LOOK AMONG THE MANY: EXECUTIVE AVANT GARDE COUTURE
      34 words
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      82 18 7W\ *y > *<««»»»(.,• r »•'«< b'* 1»W0 j WTO 000 w Oft m This announcement appears as a matter of record only. 0*: OT'r <r,r toe scr MC cv *31V ED acu. NEW WORLD INFRASTRUCTURE LIMITED Wi.< l»r.{ SO iu r «C. I HK*****,J25,000 •MM International Placing and New
      82 words
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      Page 18 Advertisements Column 2
      16 18 For stories, quizzes J) songs, call Children's j <?'• Funland on at 30 cents a minute, ji
      16 words
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      Page 19 Advertisements Column 1
      104 19 A, many of life 3 achievers are aware, life at the top can he a little, well, frantic. Which is why at the ANA Hotel we are used to providing a service that's quiet, soothing and dare we say it, just a little soporific. Add to that muted tapestries, wood
      104 words
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      159 21 B! Singapore Handicrafts presents the splendour of majestic rosewood. Discover the unique charm and beauty of classic rosewood furniture from Singapore Handicrafts Singapore's leading rosewood specialist A rosewood masterpiece with its refined lines and exact proportionsadd a touch of elegance to any room in your home Come see the finest
      159 words
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      28 22 ClKlfZ A DHDC jiiYVir\rv/l\l. |4.7 f «-•> >♦. *> \*> i,*< T JEsS; ~.^P». HSSa m m mm Mm m. 1 w***m m n mmm mmmmmmmmmmm GIVING YOU THE WfINNING EDGE i
      28 words
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      63 23 QuickStockm SBBI jmrmrnwraimnm £r f o li<, M<"WB« r anytim, anywhere. keep trackofy^ll—- Lets you make timely decisions on your investments. H cosrWt**' 5 All you need is key In the 4-digit stock number found on the SES pages of Business Times A by: |||R?S 1 J tl /x Zaobao
      63 words
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      Page 23 Advertisements Column 2
      132 23 I GIVE YOUR HAIR A NEW LEASE OF LIFE Hay's formulation extracted from herbal plants is the key holistic approach for balding, hair loss, damaged hair, premature greying and problems including dandruff, etc. No surgery or implant IWe provide full natural and to treat hair loss I rU s f
      132 words
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      379 26 E I 1 I NOTICE I XIAMEN INTERNATIONAL I VV FINANCE COMPANY UMITED I MCMOUr Negotiable Floating Rate I United States Dollar Certificates I Deposit due in November 1998 I In accordance with the provisions of the Certificates of Deposit, I notice is hereby given that for the Interest Period
      379 words
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      Page 26 Advertisements Column 2
      353 26 NOTICE NOTICE IS HEREBY GIVEN that, I CINDY ANNE BERLANDIER of Blk 832 #02-21 Tampines St. 82 Singapore *****2, have applied for a Ist Class Public House Licence in respect of M/s Boathouse Water-sports-Sunset Bay located at 60 Siloso Beach Walk, Sentosa Singapore *****7, and that this application will be
      353 words
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      Page 26 Advertisements Column 3
      849 26 Singapore Closing Share Prices 07/02/1996 CLOSE PREV LOW HIGH till## US$ uss uss uss lllHy Jardine Matheson 8.39 8.39 8.29 8.40 Jardine Strategic 3.44 3.46 3.38 3.44 Lwyf J Dair y 0.03 0.09 0.03 0.09 Hongkong Land 2.31 2.33 2.29 2.31 ■jBBBHHI Mandarin Oriental 1.26 1.33 1.26 1.28 mUMMa Jardine
      849 words
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  • SHIPPING TIMES
    • Article
      Lock icon DAILY FREIGHT
      289 27 Knight-Ridder, Reuter ONLY panamaxes in the Pacific are resisting the general steady decline of the market, which has affected tonnage throughout the Atlantic. Conditions are generally quiet, and the BFI fell a farther 10 points on Tuesday to 1,471, and has now lost 133 points since Dec 29.
      Knight-Ridder,; Reuter  -  289 words
    • Article
      MARITIME STOCKS
      283 27 <**■?'» VINI It *h HI CWT Distribution 1.65 -0.06 440 Chwan Hup Holdings. 128 *0.02 224 Cosco Invastmant 2.00 *0.01 86 PELS 8.00 -0.05 1950 Frataht Unkt 0.94 *O.OOS 149 HHMip 1.32 uncfi 360 Hai Sun Hup Group .1.05 -0.01 740 MtacttZaaan US -0.01 385 IMC Holdings HK9.60
      283 words
    • Article, Illustration
      Pirate attacks worldwide jumped 85% last year
      483 27  -  Attacks against ships increased in both nnmber and ferocity, says the latest IMB report By\ Rahita Elias [SINGAPORE] Pirate attacks against ships increased in both number and ferocity last year, according to the latest report from the International Maritime Bureau. IMB's Regional Piracy
      483 words
    • Article, Illustration
      Japan Shippers' Council MD wants to keep conferences honest
      790 27  -  SHIPSHAPE By\ Bruce Rutledge TOSHIO Suda speaks for Japan's shippers. He is managing director of the Japan Shippers' Council (JSC) and his job is to keep the freight conferences honest. If a rate is hiked or a surcharge added, he wants
      790 words
    • Article
      Lock icon Burmeister & Wain shipyard may yet survive
      298 27 Burmeister Wain shipyard may yet survive Investor group said to be willing to back new company Lloyd's List [LONDON] Denmark's beleaguered Burmeister Wain shipyard may still have a future as a shipbuilding and* steel fabrication entity. An investor consortium is rumoured to be ready to back the new company Burmeister
      Lloyd's List  -  298 words
    • Article
      Lock icon Manila port operator's 4th qtr profit more than doubles
      267 27 Bloomberg Business News [MANILA] Port operator International Container Terminal Services Inc (ICTS)said profit rose 113 per cent year-on-year in the fourth quarter of 1995 as growing trade boosted revenues. "That's more or less what the market expected and I don't expect
      Bloomberg Business News  -  267 words
    • Article, Illustration
      IMC's new US$24m bulk carrier
      62 27 [SINGAPORE] IMC Shipping's new bulk carrier, the Maritime Talent (above), was delivered recently. The US$24-million (Ss34 million) Singapore registered ship was christened at Oshima Shipbuilding in Nagasaki by Mrs Lucy Chew, wife of IMC Shipping's managing director Peter Chew. The vessel is the first of
      62 words
    • Article
      Lock icon Exemption from M$100 levy
      112 27 MBT [KUALA LUMPUR] Effective yesterday, all goods vehicles carrying empty containers back into the country would not be charged the MIIOO (5555.54) levy. Deputy Finance Minister Wong See Wah said in a statement on Tuesday the exemption is given to these vehicles as they are not
      MBT  -  112 words
    • Article
      Lock icon Hanoi looking into oil spill from S'pore tanker
      158 27 AFP [HANOI] Vietnamese authorities are investigating an oil spill from a Singaporean tanker near Ho Chi Minh City that has caused serious pollution, officials said yesterday. The Gemini, a ship owned by Glory Ship Management, crashed against a jetty at the Cat
      AFP  -  158 words
    • PORT Shots
      • Article
        CSSC chalks up newbuildings record
        74 27 [LONDON] China State Shipbuilding Corporation (CSSC) received newbuflffing orders totalling 2.48 million dwtlast r year, an all-time record, according to China Business Daily. CSSC Science and Technology Bureau deputy director Zhou Guangqi said that of some 500 designs developed over the last decade, a7o,ooodwt panamax
        74 words
      • Article
        Hyundai to spend US$1.36b on 16 ships
        75 27 [LONDON] South Korea's second largest shipping company, Hyundai Merchant Marine, plans to spend some US$l.B6 billion (5f1.98 billion) on 16 new ships this year in y* bid to boost revenue to US$2.6 billion, 21 per cent up on 1996. HMM now owns 72
        75 words
      • Article
        Madras plans port extension
        44 27 [LONDON] The container terminal at India's Madras port is to be extended byBoo metres with help from the Asian Development Bank. The extension is required because box traffic is expected to surpass 200,000 TEUs a year against installed capacity ofI7S,OOOTEUs.
        44 words
      • Article
        MOL sets up in Taiwan
        73 27 [LONDON] Mitsui OSK (MOL) incorporated in Taiwan > this month, giving it seven Asian-based subsidiaries and putting the "finishing touches" on its shift to Asia, according to TakashiOkaJi, manager of MOL's liner administrative division. The new corporation, Mitsui OSft Lines (Taiwan) Shipping, has its head
        73 words
    • Article, Illustration
      Robots join the workforce
      1038 28  -  SHIPYARDS GO COMPUTER: PREPARING FOR TOUGH COMPETITION The shipbuilding world is poised for change, as robots slowly assume an increasing number of tasks once done by strong arms and backbreaking toil, and in the process raising yards' productivity and accuracy By Klaus Nienaber THE day of
      1,038 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      282 28 PACE Ethiopian i ACL 12 AWL 3 twgrwn AMc 7 Famous 7 Accord 12 12 AhrankM 4 Frota 12 too-ntHD 4 FrtWorM 12 w Clink Express 4 Austral tl Gatewest 12 Avant 6 BSA CMShn 4 j GloMM 7 Gtobednk (M) 13 M
      282 words
    • Article
      SHIPPING GUIDE
      14689 34 ETA ETA Advertiser Vessel Voyage Pq ETA ETA Advertiser Vessel Voyage Pq SIN Dest'n Name Name No. No. SIN Dest'n Name Name No. No. A M/02 04/03 NYK MEO KEELUNG 70/1HW 2 A 22/02 10/03 CMA VILLE DE SAGITTA S13W Tl Adelaide Rtliwin !/m N fcii H 1
      14,689 words
    • SHIPS IN PORT
      • Article
        CONVENTIONAL WHARVES
        615 41 V**** 1 Voy Wo Bfth Afrtwl Duftft 5? V9601 J2/3 «ton«sMt 08.02/1200 'ID y VH Jl atonpida 04.02/0500 2K 25!K«. *2* nomsid. 06.02/0700 «T) Pa| *0795 6/96 Jl ttonqsuM 06.02/0200 25,$* 12/* Jl ttompi&i 08.02/0800 ■Ml Prta 0203* JI2 atongsMa 08.02/0100 Mm IM 1/96 JI3 Monqiidt 06.02/1500 L"8
        615 words
      • Article
        CONTAINER SCHEDULES
        1674 41 RECEIVIH6 OF EXPORT FCl CONTAINERS AND LCL CARGO BooMr«/Mmc« Rstte swp Voy Wo Etb/ttr Nrtod Frw To Frow to u, 07M wnoo u 01 moo 07/*s* oimoo *****0 07/89* 07/1900 ""22 M/otM M/ a ormoo OMtn oo/otoo i otnno oo/m* oo/moo 4 00/1200 00/1499 00/1700 MM OM200 8
        1,674 words
      • Article
        COCKETT BUNKER MARKET REPORT
        838 41 THIS 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 the individual
        838 words
      • Article
        GLOBAL HOLIDAY
        565 41 FEB 8 Slovenia: Market and Public holiday, Cultural Day. FEB* Lebanon: Market and Public holiday, St Maroun. FEB 11 Iran: Market and Public holiday, Revolution Day Holiday (National Day). FEB 12 Japan: Market holiday, National Foundation Day, (in lieu of Sunday, February 11). FEB M Bangladesh: Market and
        565 words
    • AIR & LAND TRANSPORT NEWS
      • Article
        SIA chief sounds alert on aviation and free trade
        350 42  -  Rue of regional free trade areas can have both good and bad effects, he says By. Rahita Elias THE aviation industry has and will continue to benefit from the emergence of free trade areas. Even so, it has to be careflil
        350 words
      • Article
        Lock icon Thai PM wants to curb car imports
        152 42 Bloomberg Business News [BANGKOK] Prime Minister Banharn Silpa-archa ordered government officials to develop and introduce measures to slow car imports, the Bangkok Post reported yesterday. Mr Banharn told officials of the Finance and Commerce ministries that the cause of rising imports, aside from
        Bloomberg Business News  -  152 words
      • Article, Illustration
        Lock icon Pointless to wait
        56 42 [BRUSSELS] A passenger pointing to cancelled flights at Brussels airport on Tuesday after staffat Belgian national airline Sabena launched a one-day strike, shutting down the carrier's flights to andfrom the Belgian capital. Unions protest against Sabena's decision to scrap collective wage agreements as part of a plan
        REUTER  -  56 words
      • Article
        Lock icon Japan urged to approve United Air's route before Clinton visit
        309 42 UAL's Osaka-Seoul application pending since March 1995 Reuter [TOKYO] The Japanese government should approve United Airlines' application for an Osaka-Seoul route before a visit to Japan by US President Bill Clinton in April, Cyril Murphy, United Airlines Inc's vice-president of
        Reuter  -  309 words
      • Article
        Lock icon JAL wants to adopt new fare system
        126 42 Reuter {TOKYO] Japan Airlines Co Ltd (JAL) said yesterday it had applied to the Ministry of Transport to adopt a new domestic air fare system, foUowing a similar move by its two rivals earlier this month. JAL wiU come up with detaUs of
        Reuter  -  126 words
      • Article
        Lock icon Aeroflot to get safer planes with US cash
        232 42 Reuter [MOSCOW] Russia's flag-car-rier, Aeroflot International Airlines, is looking to new 11-96 96 wide-bodied jets with engines and avionics to be supplied by US companies and funded by the US Ex imbank to make its fleet safer. "We are looking forward to
        Reuter  -  232 words
      • Article
        Lock icon Fedex starts 8am global delivery service
        141 42 Bloomberg Business News [MEMPHIS, Tennessee] Federal Express Corp said it will offer Bam overnight delivery service to most US cities from 18 countries and territories. Federal Express now offers delivery by 10.30 am, or later, depending on the country of origin. The air freight
        Bloomberg Business News  -  141 words
      • Article
        Lock icon Toyota may buy stake in Brilliance China
        352 42 It hopes to catch up with US, European competitors NYT [SHANGHAI] Toyota Motor Corp may buy a stake in Brilliance China Automotive Holdings Ltd to strengthen its presence in the Chinese car market. Brilliance China has a 51 per cent interest in Shenyang
        NYT  -  352 words
      • Article
        Lock icon Nod for China venture expected next month
        130 42 AFP [TOKYOJ Japan's top car maker, Toyota Motor Corp, is expected to win Chinese government approval next month to start car-engine production in China, the Nihon Keizai Shimbun said yesterday. Approval will probably come during a planned visit to China by Toyota president
        AFP  -  130 words
      • LOG Book
        • Article
          Lock icon Avis first in customer satisfaction:survey
          97 42 Bloomberg Business News [AGOURA HILLS, California] Avia Inc received the highest marks for customer satisfaction in survey ci airport rental-car customers by JD Power and Associate* a market research company. About 4400 customers across the US were questioned about vehicle pickups and returns, prices and
          Bloomberg Business News  -  97 words
        • Article, Illustration
          Lock icon Renault spins a new Spider
          41 42 Reuter [PARIS] French car manufacturer Renault unveiled this new Spider using the 1966 cubic cm, 16 va've, 150 HP engine used on the Megane. A sports version wll also be available' with a 180 HP engine.—Reuter
          Reuter  -  41 words
        • Article
          Lock icon Northwest bans smoking on more flights
          55 42 Bloomberg Business News {MINNEAPOLIS] Northwest Airlines Corp has banned smoking on more flights to Asiasnd die western Pacific. Included are direct flights between Detroit and Seoul, Tokyo and Saipan, Tokyo and Guam, and Nagoya and Guam. Minneapolis-based Northwest, the fourth-largest airline in the US,
          Bloomberg Business News  -  55 words
        • Article
          Lock icon Jaguar suspends 2.200 workers
          106 42 Reuter [LONDON] Jsguar Cars Limited, a unit of the Fort Moter Co, has suspended around 2JOO workers at two plants in the UK for a week to cut production by some9oo vehicles because of lower US demand, a spokesman said. "It is a prudent move as
          Reuter  -  106 words
        • Article
          Lock icon UAL's own lounge at Heathrow
          56 42 NYT [LONDON] United Airlines will open a lounge this summer in London's Heathrow Airport, where first-clatf" and business-class passengers who pay ftill fere can shower, eat breakfest and use fexee, telephones and photocopiers. Until the summer, United has arranged fc*T; London-bound passengers to do all
          NYT  -  56 words
        • Article
          Lock icon Chrysler may relock Beijing plans
          83 42 Bloomberg Business News [BEIJING] Chrysler Corp, the US carmaker, may trim expansion plans at its Beijing Jeep Corp joint venture, the official China Patty reported, citing ruproosntstlyas at tha joint venture. They said new traffic restrictions to be introduced in Bailing will weaken demand fbr
          Bloomberg Business News  -  83 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1292 42 CITY FUGHT ETA FUGHT ETP Ho CM MM VN741 1310 S0I72 1000 Afea MwM S0441 1550 S0I7I M50 VM740 1410 BY6I6 2125 1925 AMaMa Of81 1930 0F82 2050 NonfKoni UA605 0105 UA806 0815 S0228 2045 S0001 TWO CX710 0640 Ajwtartaai KL843 0545 KL838 2335 < S?S
        1,292 words
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      Page 28 Advertisements Column 1
      970 28 i tmawoxtmmcoai* m n» >»« u om va su m w» ok m |mcoarr mm |vot| m [ni«n I f—— *Wi Wi M/M WMi W m/m mim m/m mm I m/m liw nw I 5 jW; "W" i9i lmmmmm rn nm nm mm nm nm nm nm nm ivn ivn
      970 words
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      Page 28 Advertisements Column 2
      238 28 Rmßm\> b M,mb ,,o ,h n *9 *y o /flHfi Mamtoereoltha WHyl/Aocradtod Shaping Agents. Singapore Freitf* Forwarders NeMonal Shaping Aaeoc AseocisSon. I —Wi; W•* *1 V 1 «i»: .^o J %o > V 1 >; *< Just talk to us... IrlsLim 740-2044 Patricia Chew 740-1645 £2 Jarrod Leong 740-2089 Philip
      238 words
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      Page 29 Advertisements Column 1
      1178 29 MOBC SOUTH WIST EXMESS (PWECT) 1 vcsa vor m lain* law no uui lam |>w I oi I wrc I iw hou mw m.*m* mm ts/w 07/02 mm a/w vm n/n n/n it/n »/w oi/w si/w si/w ooaouKum oos it/ta 14/12 SB >i/w "os/o3 ts/w 00/ m wm w/n o>/p
      1,178 words
    • Advertisement
      Page 29 Advertisements Column 2
      1636 29 I 0 HANJIN SHIPPING w I«IIHIwI m I <* on MIH I n |nc |hIOI I |m m m tk m mawwita \i/n is/m ly/n w/m w/m w/m u/m u/m w/m h/m n/« ~n7M~lys~ n /M w/m iyw u/m mm moiihmmm* n/n n/n I u/m m/m i*/w h/w u/m u/m
      1,636 words
    • Advertisement
      Page 29 Advertisements Column 3
      287 29 EXPORT 3 x Japan 2 x Hongkong 1 Mon.lo 1 x Kootlmng, Kooiung (Accosting FCI to WOC/>UHfc/S€NDAI/CEBU/ICH) v»tta v6V ha U*T~ JHU rn wn~ ow 9MI ABL mn iui VM ILS2 run /ami <77i i7jr~ wjr tin iui bji fig nu mt Mjmm —an jLB «ur JUI izjz JSUB fm
      287 words
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      Page 30 Advertisements Column 1
      1262 30 «sa DOT MM m MT Utt SUM PSUHC SM HU UO T*o SM IOK MS hmmwbeotbs WmlfTT is/i m/i %n 13/1 W ~TT IUT "W ~WT MB 44/403 M/l 11/1 H/l W\ 11/7 H/7 IV? It/1 WIMM ~mr M/l H/l M/l 14/1 10/1 Tl/7 lt/1 ~H7T "h7? P7T IMSta 30/404
      1,262 words
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      Page 30 Advertisements Column 2
      990 30 I NORASIA VESML VOY IMI ALQ lAS ML VAL NAM BM ROT ANT FSL LHA NOfutM nom kom mh ttmvnnnnmnnnnnnunmnmnnn NORASIA SMARJAM MH HW mi Mm Mm MS Ml Ml HAS IMI Ml "2 2! Ml 1?« *B 17« 1W Ml Ml Ml m motivator mm annnnnanumtamMnnnnnvnnn NORASIA MALTA MM
      990 words
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      Page 30 Advertisements Column 3
      556 30 f— JAPAN/HONGKONG/STRAITS REGULAR LOADING FOR PORT >" vtwa wr stow p.bumm[~wa inn hamywom "j 55 -grf- aTa" i mw -rnm~~ "■""t mn "igwrrr^ MMUNE4 1 lireT m "kkTa ~uw" Hfg «a«T« iiw~ WHrTEHAKUYO 71 77t0~ aFa i* 1 EURMMNCNMM t 17Fa mavepckaoores i-ma aS": MWMP ~14f5~ -a?gPWtMMHT B Ufa 27
      556 words
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      Page 31 Advertisements Column 1
      1070 31 linrSTRAITS SHIPPING WE LTD 10 Hm Chiaag Road #11-01 Kappa' Towers Slapapara 0208 Tel: *****00 Fai: *****17 NEW GUINEA PACIFIC LIME < 0 SM6ATORE CTgEp (A SERVICE OF CHINA NAVIGATION CO) CARAKA JMM-22 WOE IIMIIW Mnn. KMKiMbalii. StMtakMft TkM*. WWJKWJ VMS 12NIUM Tmm t Sandakan UllllMWMßWfimwmKiciTorifUiiwiwi E, STAfI nmm IS
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      Page 31 Advertisements Column 2
      1913 31 IkiiilL P&O Containers (Singapo* Agencies) Pte Ltd First Class Connections WORLDWIDE SiiisSmTmSJ*SSMPNo^teasSS7sl7 CR Number *****9 *****Z EXPORT IMPORT VCSML VOY *#M *#*6 ftw SOU AMT HOT HAM OOT MM LEH ORAQOER MAERSK 9602 05AM 06/02 o*o2 26/02 2*02 01AM T~T~ *JJ» 211 Om HOT HAM Ml MU LEH ALA JB>
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      Page 31 Advertisements Column 3
      561 31 OWMUNP PM. PEN I JOHI SIN HK6MOTM KgrOKTOKNAGKOIOMMQJIUS WANHM2II MM M*2 K«|P«| SLO 12*2 14*2 IMB 23*2 21*2 2M2 21*2 wmhai 17*2 Wlggl »ii*T 15*r ls*2~~omT~HM~"aST~nm JW 1 a*T~ WM HA1213 M3l 11*2 12*2 14*2 l 15-IMT I>*2 21*2 22*2 24*2 12*1 21*2 27*2 21*2 mummima 14*2 1 5*2 TTMBI
      561 words
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      Page 32 Advertisements Column 1
      1099 32 EUROPE/UK/SCANDINAVIA/FINLAND/RUSSIA SOP ROM ANW HBG THP LHV LHV THP RDM ANW HOG PKL SGP E. REPUTE RW-992 10/2 1/3 273 3/3 5/3 8/3 E. GARLAND RE-043 It/1 19/1 It/1 IVI IWI 13/2 14/2 E. RENOWN RW-019 It/2 1/3 t/3 11/3 12/3 13/3 E. GAROEN RE-092 21/1 24/1 28/1 21/1 27/1
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      Page 32 Advertisements Column 2
      895 32 Vfssa VOTMI SfiP MM AMI DM UN IWT IM VlSStl VOTAGI MM AMI DAN lAH SGP I UMCOHCOtO OM4MV M/W 11/W lf/0? M/W 11/B H/OJ 7VW lUN OKWN 03mm 03/02 03/0? OS/0J W/0? 17/07 I uMcotoM nam* ivw nm */w vm nm »/n *m nuui iohm w/w io/w J,/n I
      895 words
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      Page 32 Advertisements Column 3
      689 32 TEL: *****33 (12 UNE3) «g* FAX: *****18/*****03 TELEX: RS ***** ROMP (3 Unoe) mkCR NO: **********0E K&\ CTIHAMiAi CUIDDMIA I rffe IjJK—J BIWRWHWW SHI Kr IRQ URU Y Lines of EtWopta) ACCEPTING FCL AND CONVENTIONAL Vwwi Voy «TA iLoadbigfor «POf» ii n miti run m *nJnil 4gWB OMB -p.. Atoyot
      689 words
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      Page 33 Advertisements Column 1
      1931 33 DKCT SAUMS TO HAIFA 14 DAYS DEW YORK 21 DAYS M=K!iZ lSV!r*2 9 M,M:tUJIdOSMir CMrMMMf WHH MttHTtS C,*1„.0, *mrit Ott H4§ Tiwr I CR Hi *****tttm M Fim ttUtti I(nti.it i„ n.,. iiStS Cwmdwl (»i;M UCH M: CCtU JOHOKCOFFICt •w IWW Cfalfmm *****11 iirM WMNMI COSTMAKicKttmiSDIIHD MM* Til: 17-tUtIH/llf ft*
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      Page 33 Advertisements Column 2
      445 33 ——1 /jg FAMOUS CONTAINER LINES 80 ROBINSON ROAD, #22-02 SINGAPORE *****8 1 HOT LINE: *****33 (30 UNES) P. KLANG PH: 0203/*****02 (10 LINES) PENANG PH. 0204/*****7 (10 LINES) J. BAHRU PH: 0207-*****22 jBSk QLQBEUNK FORWARDERS PTE LTD I MSlii «*r ******/*****42 ?1X- AS ***** ACT Uygf PKL: (09) *****67 J*
      445 words
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      Page 36 Advertisements Column 1
      431 36 0' KAPAL KRIS Shipping he Ltd I 7N DUXTON ROAD, S'PME OWS2* 1******76 te«4»77 d NO. 1073H5Q0006 SYARIKAT PERKAPALAN KRIS SENDIRIAN BERHAD 30WW HOa GUMMC MJSMBS CM**, 10 MUM SS t/1, KHAN* JAYA, MJ. KM M2I KIUMG JATA, SBAMGOIL TEL *****77/71/71 MX: 704*007 THBfc MA SOUS JJJ *s*® T2X fPJES
      431 words
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      Page 36 Advertisements Column 2
      231 36 SOUTH AFRICAN SWVKi (WREST PRODUCTS SIRVKI) PIMm: UK J CONTWBn/ WOOtt EAST TO: FAW EAST VBSB n in M H mM CT EUROPE SBVKI VBS&/VOY SM LAEMOtAIANG HONGKONG naimc. TUNMMAHON VIM 21/13 Jl/W W/M S3/M 14/ M »/M 27/ M STsWI KK(J TMA TWVm It/OS V/HN/M 11/15 21/05 27/05 M/M
      231 words
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      Page 36 Advertisements Column 3
      262 36 llh-iIJIMJIMMHIJI M IELOK lUWGAH MAD M 242 CfTVORT CENTRE, STORE MM TEL *****11 (6 linos) FAX: *****05 TIXRS ***** CR NO. **********0W ran. VOY ETA CIS OBTMnON ummu mi umm umm ponhmm mm mm mm mm sbmammcmbm ■mum mm mm mm mmmwm MMUMN MM UIMM MMM MLBMMBMLMLMI BMBA MM MM
      262 words
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      Page 36 Advertisements Column 4
      60 36 Astro Shippiwg Pte Ltd WEEKLY CONSOLIDATION SERVICE HHAHSHA^^^^I4/02,21/™ Asm kOtm TEL 220-4045 (10 UNES) FAX: fls-4080 f^m/ > SPEEPA UNES FtOtfUITtfOWT iFttOISItt/PI- 114/H311M8121/PI3I/PIOVtHItMHIOIIHI I Tele-Games Crack Safe Test your skill against our 'Super Safe" Computer. Break the 4-digit Code within 10 tries. Or else, you'll be caught ...by our ever
      60 words
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      Page 37 Advertisements Column 1
      696 37 iBSAjt mm, MYANMA iHHBk FIVE STAR UNE T (Myomaor NoHonol Um) Loading for Yasgoo (Roogooo) «ssa vor sin m n ra PAGAN IJSW 13/01 •UGWAY JOW 10/02 17/01 MAUTHA AGCNTS: OOUSTIAD HOPPING AGfNCKS RUL TU 01-03-*****00 PtL IE 01-03-*****01 K* TU 02-04-*****01 PGO: TU 02-07-*****21/4 BANK LINE (A strvko to*.w
      696 words
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      Page 37 Advertisements Column 2
      1152 37 ADVANCE CONTAINER LINES (PTE) LTD Ar* I 140 Codl Stiwt, #12-00, PIL BuMdtng, Slrtgoporo *****0 Li TEL: *****21, FAX *****19, TELEX RS ***** ACLPL ——CR NO. **********0E IANOKOR H JAKARTA mi—A¥oofc to MT i yfaoi to MIT, I fajfeoo lo Lftt) (i 11 FORT A 1 THOWrMT AHAND VESSEL VOY
      1,152 words
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      Page 37 Advertisements Column 3
      889 37 VtaStLS y fSH 25! DMWLIIA LE HAVRE HAMBURG THAMESPORT MUI IfcHUAM ANTWERP VMXE DE CAfUNA CI3W IMB 2W2 oam H/TO V-LE 06 SAfIHTA SI3W 22AJ2 OVO3 1&<03 »TO VUfDE NORMA XI3W 27/02 11/93 IftTO |vHEDEOEM»4A HI3W low Wfl [27/03 5*3 3QTO CT ALSO ACCEPTMQ CARGO TO AU. U. K. DESTINATIONS.
      889 words
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      Page 38 Advertisements Column 1
      645 38 VgBBgL VOY MM JKT VESSEL VOY SIN PtW ■H VESSEL TvoY am BKK I BHU>I ***** Frt loa/02 Sun 11/02 akabhum 6817 I «"W ~st I i<voa Ynrrrnn mam 7 qurubmom ossb sat «vo2 Tu* ia«2 stamforo erir st 10/02 Tu. 13/02 LUM SST MH3I r*. ,«a sm IT/02 !2»
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      Page 38 Advertisements Column 2
      413 38 XOUB LINE PTE LTD CZEHZZI^BMifc .'ir»TTTW I"• .I^h'MBgT^^HBMTiMBrarTM VMBl'l 1 I FMM~MI' II BS T1 5 ■■':'v."ii^. i "j■T t »^■.«=S lE-SHI ■■CT^^HIIHCZJI^H LJHHKOIKHKB i >j' m~mm bttttiizbbbi mmm ihhsbbhii SIIDHSS i-v-'m'.'.'- 1 -.'i S MKIIJB BINTANG MAS SHIPPING PTE. LTD. 30 NEE. ROAD. BMQAPORE 0208 TEL: *****66 FAX: *****64
      413 words
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      Page 39 Advertisements Column 1
      579 39 I AC SINO IXPRISS SHIPPING (PTI) LTD. \mrnm 11 COLLYER QUAY *06-01 THE ARCADE SINGAPORE 0104. TEL: *****90 (4 LINES) FAX: *****08 TLX: R*****1 SINOEX SINOTRANS SHANGHAI (CONTAINER SERVICE) SIN/HKQ/SHAI yponi hkq shaj VtSatL VOY ETA ETD ETA ETP ETA ETP -UUMS 9603AX804 QtfQ2_ Qfl/02 10/02 13M2 14/02 J. FASTER
      579 words
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      Page 39 Advertisements Column 2
      421 39 mm mm hum LiHEsnmr" Agwiu: —AO WElt tPOWEs *****22 (24 UHBS) ieucMwo;(M2)«w hNVV- MNO.IMITMM 801* (094) *****9 MAMLA: (882) *****81 V-IV/ PENAMfc (04)*****8 BANQKOK: (882)*****67 SURABAYA: (31)*****0 P. KRAHQ; fD3) *****77 JKT. (21) *****97 MOW; frl) *****3 MHPUNQc ta)4a«oM MADRAS FCL US$375/20' CEBU mv "INTRA BHUM" V.26E ETA 17/2 SONGKHLA,
      421 words
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      Page 39 Advertisements Column 3
      119 39 1 |*BttYBAIUW6 Kfi as STATES 1 (VUBAMMRWEAS^USAMt; UKRAINE I (VIA ODESSA) 5| MOSCOW I MAFMUWI 15 2fi. 1 1 —-—«oi|ii| THE RUSSIA SPECIAIi# ACCEPTING BOOKING FROM FAR EA6T> J INDIAN SUB-CONTINENT AND S. CHINA MAIN PORTS. w I :ii ZZ-^r —I ATTRACTIVE B FCL/LCL RATES T£% Indian Sub-Continent Porii« MADRAS/BOMBAY/
      119 words
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      Page 40 Advertisements Column 1
      528 40 SHIPPINGTIMES businesscentre ADVERTISING THAT DELIVERS YOUR BUSINESS FACTS THROUGH THE TAX JUST CALL 740-6000 Inmarsat-B M- a new era in mobile satellite rnmrnnnkatimis Document Cod* Sentosa LES Inmarsat-B and M 800 1 satellite communication systems services at competitive rates. c "Oil LES com 210 Go Sentosa Inmarsat-B is the digital
      528 words
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      Page 40 Advertisements Column 2
      342 40 fBBSM TEAMWORK is when everyone I l|j&MP ai 7'Wl takes responsibility and diligently work towards achieving the nnain Qoal. A quality which has been The Tofa[ Transportation People The Total embraced by all at Visa Freight Transportation 11 these past ten years. Put your People Ifl' needs in our hands
      342 words
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  • Page 41 Miscellaneous
    • Miscellaneous
      Page 41 Miscellaneous Column 1
      110 41 LEGENO: R Thunderstorm Temperature »q X\ V Show* Weother _X Wind drection with speed in knots ee Roin Cloudy Sky Wove height ore imfeeted orrew, wjH, tlie wind Qy On* hM circle represents calm or light and variable winds One ha* Heche represents 5 knots w ,okn n "*<* represents
      110 words
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