The Business Times, 14 March 1996

Microfilm: NL20585
Total Pages: 40
1 40 The Business Times
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  • Title Section
    Masthead
    14 1 THE BUSINESS TIMES MITA (P) 04(V 12/95 Internet: http://www.asial.com.sg/biztimes SINGAPORE THURSDAY, MARCH 14,1996 854
    14 words
  • Article
    MARKET SUMMARY
    71 1 D 2300.73 (-53.19) PI BTOOMP Wm 2MM (-42.66) n BT-MGA mm wiua (-20.85) Wgm MA&Eirr MOOD: mm Wbßßi grog mPT nomas Wednesday Change KLSEOOMP 1084.83 -15.11 NIKKEI *****.70 -215.57 HANG SENG_ *****.48 -362.97 SET INDEX 1247.79 -18.76 JAKAJRTA COMP 500.13 -0.73 MANILA COMP 2709.9* -33.94 TAIPEI WPI_..„ 4751.06
    71 words
  • Article
    FINANCE
    72 1 EXCHANGE BATES uss s* USI—: 1.497 I 1.526..... .1145 DM 1.(79 9.966 ¥199 0.950.. 1JB7 M» 0J98 0.664 HK$ 9.129 .0.182 BAHT 9.049 0.069 BUPIAH 190 0044. .0060 PHMB KATES SINGAPORE* .144 KUALA LUMPUR Mb JAKARTA 18.00 BANGKOK 13.75 MANILA 14.50 HONGKONG J.75 TAIPEI .8.M SYDNEY ti.78 TOKYO XM
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  • Article, Illustration
    Lock icon Regional stock markets take a hard knock
    371 1  -  Uncertainty ahead as Friday's release of US CPI data will coincide with triple witching hour By R Sivanithy [SINGAPORE] Wall Street's overnight volatility and growing discomfort with the ChinaTaiwan situation severely dampened sentiment in all the region's equity markets yesterday. Blue chip prices
    Source: Bloomberg; ALLAN  -  371 words
  • Article
    Lock icon Dow down 12 points in early afternoon trading
    176 1 AFP [NEW YORK] US stocks remained volatile yesterday in afternoon trading, falling back after opening slightly higher amid tension with the release of the Beige Book of US economic indicators by the Federal Reserve which said the US economy grew modestly in
    AFP  -  176 words
  • Article
    Marinas see rough waters ahead for investors
    422 1  -  Over-investments in sector send ripples of concern that glnt in membership supply may drown demand By' Toh Han Shih [SINGAPORE] The building boom in marinas, with more than $400 million to be invested over the next three years, is raising concern among industry
    422 words
  • Article
    Lock icon US tech firms unite to grab market share from rivals in Asia Europe
    476 1 Bloomberg Business News [LOS ANGELES] More than 30 of the largest US electronics equipment makers and their suppliers are banding together with hopes of seizing market share from rivals in Asia and Europe. They've formed the National
    Bloomberg Business News  -  476 words
  • Article
    KL may scale back incentives for M$3b wafer fab plant
    458 1  -  Govt to draw np fresh park ago gf incentives for similar future investments From. Ho Kay Tat m Kuala Lumpur AFTER wooing hard to secure the investment, Malaysia is now taking a second look at its invitation to Japan's Hitachi
    458 words
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  • SINGAPORE AT HOME & ABROAD
    • Article, Illustration
      Admin Service won't leave out older executives in talent search
      728 2  -  Df PARLIAMENT Jtat chances are better for younger managers who are less settled in their careers: BG Lee By Chuang Peck Ming 'OLDER executives or manag'ers will not be left out in the government's search for talent the private sector
      728 words
    • Article, Illustration
      Nokia's phone-organiser
      286 2  -  By i Genevieve Cua FINNISH cellular phone giant Nokia yesterday unveiled a new generation of mobile phones that combines basic cell phone features with a keypad with personal organiser functions and even Internet access. The phone-cum-organiser, called the Nokia 9000 Communicator, is likely to be priced "just over
      286 words
    • Article, Illustration
      Lock icon Pawn loans crossed $1b last year
      353 2  -  EYE ON THE ECONOMY Finance By Diana Oon BUSINESS boomed for the pawnshop industry last year. Did that reflect the state of the stock market last year, or merely tighter cash flow? The old-time moneylenders chalked up close to $2 billion worth of business,
      Source: Dept of Statistics; BCRUZ  -  353 words
    • Article
      Turkey's free-market policies to stay
      262 2  -  Polls results won't derail growth, says association chief By Kevin Sullivan TURKEY's free-market policies will not change as a result of the recent elections, said a senior official of the country's largest independent business association yesterday. Musiad secretary-general Omer Bolat said an environment of economic
      262 words
    • Article
      Good response to Admin Service's hiring exercise
      182 2 ABOUT 700 people responded to the Administrative Service's recent mid-career recruitment drive, the Public Service Division (PSD) said yesterday. PSD is pleased with the response and is processing the applications, which closed last Saturday, it said in a statement. The ages of the
      182 words
    • Article
      Major New York law firm opens office here
      177 2 The office, its first in South-east Asia, will be followed by one in Jakarta MORGAN, Lewis Bockius LLP, one of the world's largest law firms, has opened its first South-east Asia office in Singapore. The firm is also in the midst of
      177 words
    • NEWS Roundup
      • Article
        Toshiba revamps S'pore operations
        68 2 TOSHIBA Singapore Pte Ltd (TSP) yesterday announced it would absorb the operations of Toshiba Information Systems Singapore into a new information and communications equipment division. The new division will continue to be known as TSP Toshiba said Ore integration would enhance co-operation between its information and
        68 words
      • Article
        Recruitment missions head for UK,India
        163 2 THE Economic Development Board (EDB) will be leading two recruitment missions to Britain and India this month as part of continuing efforts to attract international talent The UK mission will take place from March 16 to 22 and will cover London, Manchester and Edinburgh. The
        163 words
    • Article, Illustration
      Lock icon Paya Lebar to get 280 ha of state land for industrial use
      410 3  -  Another 220 ha of land in Paya Lebar has been set aside far light industrial use By Diana Oon ABOUT 280 hectares of vacant state land in Paya Lebar have been set aside for industrial use, the Urban
      JEN CHUA  -  410 words
    • Article
      ITT Sheraton to manage Pidemco hotel
      357 3  -  Five-star hotel in eld city of Snzhon will be completed in IMB By, Agnes Wee SINGAPORE property group Pidemco Land has appointed ITT Sheraton, a major international hotel chain operator and owner, to manage its five-star hotel being developed in Panmen, the old city
      357 words
    • Article
      Top bidders win tenders for 3 sites
      158 3 TOP bidders have clinched the Urban Redevelopment Authority's tenders for two sites at China Square and one at Middle Road. The URA said yesterday that DBS Bank won a 33,126 sq ft "white" site along Telok Ayer Street and Cross Street A "white"
      158 words
    • Article
      Buyers of commercial sites are the big winners
      563 3  -  CHANGES TO DBA LAND SALES CONDITIONS Doing away tf partial waiver acconnt leaves than free to use sale proceeds By Abdul Hadhi THE big winners from the Urban Redevelopment Authority's (URA) changes to its land sales conditions announced on Tuesday will be
      563 words
    • Article
      PepsiCo Restaurants Intl forms fast-food unit
      140 3 PEPSICO Restaurants International (PRI). which manages PepsiCo Inc's Cast-food businesses outside the US and Canada, has formed a new subsidiary in Singapore. The new PRI Singapore office was created several months ago to run its Kentucky Fried Chicken (RFC) and Pizza Hut outlets here,
      140 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      43 2 I If you must leave a mark, IS let it be a.testoni M m a. testoni* wf BOLOGNA ITALIA ji: ingenuity shaped by tradition Ar A Tbtoni Bomriouß ♦01-F5/16 Hilton Horn Shopping GauebyTel: 734 4855 *01-10 Mandarin Horn Shopping Arcade Tbi: 754 15J8
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      Page 2 Advertisements Column 2
      30 2 Repubtic Ngee Anility Odeon Towers The Best Buildings at jS the Best locations gjb £wyljj MRCENTRE Call *****65 Singapore, Bangkok, Self-Lock-Up office Suites Kuala Lumpur, Jakarta Wltfi Complete Secretarial Support
      30 words
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      178 3 4 r > HUB HHIH id HEWLETT* mOSM Packard Rll? fIHHH m ■H/VH (It does not, unfortunately, monitor taste.) Introducing the first Hewlett-Packard colour YouH have vivid colours and flawless printing The HP Copy Jet is easily hooked to a printer-copier. The HP Copy Jet. every time. But that's only
      178 words
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  • FOCUS: PROPERTY
    • Article, Illustration
      Lock icon Supply reins in Hilview prices
      589 4  -  In the absence of a critical mass, competition among developers in the area is putting a cap on prices By. Michelle Low ISINGAPORE] THE BATTLE for home buyers in the competitive Hillview area is on.. .again. The first spate of private housing marketed in the
      CHRIS LOH  -  589 words
    • Article
      S'poreans buy US$5m worth of property in Bangkok project
      236 4  -  By] Bernive Tang [SINGAPORE] Singapore investors bought some US$5.3 million (557.4 million) worth of residential properties in Bangkok over the weekend at the launch of a new development called The Casitas. A spokesman for L&A International Properties, which is marketing the
      236 words
    • Article
      JLW opens second China office in Beijing
      279 4 (SINGAPORE) International property consultants Jones Lang Wootton (JLW) have opened their second office in China, this time in Beijing. JLW, which set up its first office in Shanghai in November 1994, will open another office in Guangzhou in the near ftlture. The company's
      279 words
    • Article
      House Hunt
      1189 4 Property transactions for districts 11 and 21 (sectors 28 to 30and 58 to 59) lodged between Feb *****6 and Mar *****. j BUtHV PROJECT KAME7 PROP CONTRACT TENURE LAW AREA PMCE PST STREET NAME TYPE OATE (sq ft) (SS'QOO) (SS) District 11 (sectors 28 to 30) Akyab Apt
      1,189 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      189 4 UE TECH PARK T... mlf pl|i Bfll FHttL i rwmmmm solutions for tomorrow •> V Jrl L MTV > nV v ML mmihmmm mmm nmmamsmm The Parkas proximity to the 12 passenger lifts PSA seaport means cheaper HBaMMHHM and 16 "drive-through" cargo lifts transportation and more efficient to all floors.
      189 words
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      Page 4 Advertisements Column 2
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      99 words
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  • SOUTH-EAST ASIA
    • Article
      Two pulp plants to exploit timber from Bakun clearing
      322 5  -  KUALA LUMPUR lfriaii, Indmi firms team «p for the M54.75b ventures By Ho Kay Tat PRIME Minister Mahathir Mohamad will on Saturday officiate the launch of two pulp plant ventures costing M 14.75 billion (552.63 billion) and involving Malaysian and Indonesian
      322 words
    • NOTE Book
      • Article
        Lock icon Manila targets 330b investment
        26 5 Reuter [MANILA] The Philippines aims to attract 380 billion pesos Mflfcjftwfl rXary RtoKno Navarro said j Board of lgw«UaßtUs approved3B3blllW peaosjiqctfc of
        Reuter  -  26 words
      • Article
        Lock icon Jakarta WTO car
        26 5 AFP [JAKARTA] Jakarta has set up a te«&<rfiawyw*tostt«fty§| eorapiaiiitafironi Japanese car ataken over the natf 1 j Aißy-lndonasian car producers. -~Af& f i
        AFP  -  26 words
      • Article
        Lock icon Brian Jaya mine
        42 5 AFP EJAgA«TAj>fcwuiue>l 8t tt» gold and copper mines in •artwitt lurtnoerts what* at I—l 1 wuysu|>ishave baato|| killed thte week. "Hundreds, even thousands" of people rioted fbr the fourth day around in TimibwfriaiJ Jaya province, a military official said.—AFP
        AFP  -  42 words
    • Article, Illustration
      Lock icon Vietnamese power
      29 5 [HANOI] Vietnamese labourers erecting a new pylon yesterday as part of a drive to improve the electricity supply to homes and businesses in the country's capital REUTER
      REUTER  -  29 words
    • Article
      Lock icon Economists see M$4b to M$6b trade surplus for M'sia in 1996
      226 5 KUALA LUMPUR MBT A FORTNIGHT before Bank Negara releases its annual report, economists here believe Malaysia would register a trade surplus this year. Most, however, said they are not as optimistic as a prominent economist who last weekend forecast
      MBT  -  226 words
    • Article, Illustration
      Sihanouk's hidden agenda in naming his successor
      448 5  -  PHMOMPfnra Move may help cushion son If he falls hi polls By Harish Mehta CAMBODIA'S King Norodom Sihanouk had a hidden agenda when he named his son Prince Ranariddh as his successor last week. Caught unawares by the announcement, Prince Ranariddh diamiMiPH the
      448 words
    • Article
      Lock icon US, Indonesia to discuss maritime proposal
      119 5 JAKARTA The Straits Times US and Indonesian officials will meet here later this month to iron out differences over Jakarta's proposal to have international maritime traffic use designated passageways when sailing through the archipelago. US Seventh Fleet com- mander Archie Clemins said talks will
      The Straits Times  -  119 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      261 5 t j»» a Jreg.. jfej 72 holes, 66 bunkers, hectares of beautiful fairways, huge trees, 2 enormous water hazards, 147 professionals, 9 amateurs... but only one winner in The Rolex Masters, 1996. At precisely B.ooam on Friday, 2nd March 1973, Alan Murray was developed primarily for the promotion of excellence
      261 words
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  • CHINA-HONGKONG-TAIWAN
    • Article
      Lock icon Fourth missile hits target zone
      373 6 CHINA-TAIWAN TENSIONS Govt pomps NTslsob into stocks fond to keep market up AFP, Bloomberg Business News CHINA yesterday fired a fourth missile into a zone just outside Taiwan's key ports, the defence ministry here said, as an estimated 150,000 mainland troops began the second day
      AFP,; Bloomberg Business News  -  373 words
    • Article
      Lock icon US: China's military exercises have backfired
      190 6 WASHINGTON AFP BEIJING'S military exercises aimed at influencing elections in Taiwan have backfired, a top US official said on Tuesday as Congress pressed for an aggressive US response if China attacks the island. The Chinese "are miscalculating," Assistant Secretary of State Winston Lord said
      AFP  -  190 words
    • Article, Illustration
      Lock icon Aiming to defend
      35 6 [QUEMOY] Taiwanese soldiers on the alert at the defensive front-line island of Quemoy, just two kms away from China's south-east coast. The soldiers were taking part in a military exercise yesterday. REUTER
      REUTER  -  35 words
    • Article
      Taiwanese moving holding companies out of HK: report
      299 6  -  HONGKONG By Quak Hiang Whai THE number of Taiwanese businesses moving out their holdings companies from Hongkong to Singapore and British Virgin Islands has increased amid rising tensions in the Taiwan Straits, a Taiwanese newspaper reported yesterday. The Chinese-language daily, Commercial Times,
      299 words
    • Article
      Lock icon Ambitious targets set in transforming big state firms
      302 6 BEIJING AFP CHINA has announced ambitious targets in its ongoing bid to transform the biggest of its state-owned enterprises into booming conglomerates, Xinhua reported yesterday. The Baoshan Iron and Steel Complex plans to emerge as one of the world's top 500 enterprises
      AFP  -  302 words
    • Article, Illustration
      Trade may be best weapon
      645 6  -  CHZVA WATCH It could succeed where missile diplomacy Calls By Lu Ning WHILE politicians across the Taiwan Strait blame one another for the current tension, Taiwan businessman Tsai Eng Meng puts the blame squarely on the Americans. The Americans? But haven't they just sent naval
      645 words
    • Article
      Lock icon S$ seen as sale haven in crisis
      379 6 NEW YORK 41' Traders are divided on whether the US$ will benefit from hostilities Reuter TENSIONS between China and Taiwan, with the US stuck in the middle, have raised questions on foreign exchange trading floors around the world about which currencies would benefit
      Reuter  -  379 words
    • Article
      Lock icon US lawmakers call for military intervention if Taiwan's attacked
      257 6 WASHINGTON AFP AN INFLUENTIAL bloc of US lawmakers sent a strong signal of support on Tuesday for US military intervention in the event of a Chinese attack on Taiwan. A broad coalition of legislators in the US House of Representatives introduced
      AFP  -  257 words
    • Article
      Lock icon Inflation dips but early interest rate cut ruled out: report
      196 6 SHANGHAI Reuter THE governor of China's central bank has ruled out an early cut in bank interest rates despite falling inflation, the Shanghai-based Business News said yesterday. The newspaper said January's fall in inflation to its lowest level since early
      Reuter  -  196 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      173 6 I VIETNAM CHAMBER OF COMMERCE INDUSTRY will be organising a series of talks on Vietnam Talk No 1:: "PRACTICAL GUIDE I ON TRADING WITH VIETNAM" Speaker: MR DANG VAN THANG Commercial Counsellor Ministry of Trade, Vietnam Date :28 1996 Venue Ballroom 2 Time 15:00 to 17:00 PM Hilton Hotel Fee
      173 words
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  • ASIA
    • ASIA Notes
      • Article
        Lock icon Japan parliament deadlock continues
        76 7 Reuter [TOKYO] The Speaker of Japan's Lower House, Takako Doi, yesterday Inched closer to using force to end a sit-in which is preventing a parliamentary panel from Voting on the budget for the fiscal year from April 1. Ms Doi called a meeting with senior officials
        Reuter  -  76 words
      • Article, Illustration
        Lock icon Caring hands turn to protest
        32 7 AFP [TOKYO] More than 5,000 nurses from public hospitals raising their fists on Tuesday at a park here during a rally to demand Improved working conditions. AFP
        AFP  -  32 words
      • Article
        Lock icon S Korean jobless rate at record low
        94 7 AFP [SEOUL] South Korea's unemployment rate hit a record low of 2.0 per cent in 1995 as the country's high-growth economy absented surplus labour, the National Statistical Office said yesterday. The number of employees rose 2.7 per cent to 20.37 million at the
        AFP  -  94 words
      • Article
        Lock icon Pakistan allows India-Iran pipeline
        67 7 Reuter [ISLAMABAD] Pakistan has agreed in principle to allow an oil pipeline through its territory from Iran to India, a government minister told parliament (Hi Tuesday. Petroleum and Natural Resources Minister Anwar SaifUllah was quoted by the official APP news agency as telling the Senate (upper
        Reuter  -  67 words
      • Article
        Lock icon First private power plant in Bangladesh
        67 7 AFP [DHAKA] Bangladesh is to set up its first privately-managed power plant with an estimated investment of US$3OO million (Ss42o million) under a build-operate-transfer arrangement, a newspaper reported here yesterday. The Asian Development Bank will provide US$6O million for the 300 megawatt power project—USslo
        AFP  -  67 words
    • Article
      Lock icon Home of ex-head of credit union raided
      125 7 TOKYO AFP JAPANESE authorities yesterday raided the house of former president of Kizu Credit Cooperative, the nation's largest credit union that failed last August, for alleged breach of trust and fraud, police said. Television footage showed officials from the Osaka prefectural police and
      AFP  -  125 words
    • Article
      Lock icon General election dates likely to be set this week
      403 7 NEW DELHI AFP DATES of India's general elections are expected to be announced this week as the last parliament session before the polls ended on a stormy note under the shadow of a sweeping bribery scandal. The Congress (I) party of
      AFP  -  403 words
    • Article
      Lock icon Approvals for housing loans up 8%
      162 7 SYDNEY January's rise helped by lower mortgage rates Bloomberg Business News APPROVALS for housing financing in Australia in January rose for the first time in three months to a 15-month high. Approvals were 8.4 per cent higher, compared with a 6.0 per cent decline
      Bloomberg Business News  -  162 words
    • Article
      Lock icon Intelsat gearing up to ride Indian Ocean telecom boom
      452 7 BOMBAY 31% of its revenue of USsBosm comes from the region and the pie is getting bigger Reuter THE 136-nation satellite consortium, Intelsat, meets in India's "Silicon Valley" this week in a display of confidence that South Asia will help protect
      Reuter  -  452 words
    • Article
      Lock icon Foreign operators still keen on telecoms market
      270 7 ISLAMABAD despite continued Engpfiwion of cellnl&r phone, pager services Reuter FOREIGN operators of cellular telephone and pager services still see the country offering enormous potential despite the suspension of their services in Karachi by the government. Desperate to staunch bloodshed in Karachi, Pakistani
      Reuter  -  270 words
    • Article
      Lock icon Kim took money from Roh for polls, says Roh's son
      244 7 SEOUL Reuter THE son of South Korea's disgraced former president Roh Tae Woo said President Kim Young Sam took money from his father during the 1992 presidential election, a local newspaper reported yesterday. "(My father) gave money big enough to
      Reuter  -  244 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      328 7 BOT INFRASTRUCTURE DEVELOPMENT IN DEVELOPING OPPORTUNITIES AND PROSPERITY THROUGH CO-OPERATION 8-10 April Hotel Nikko, Kuala Lumpur highlights include.- Keynote Address Official Opening overall Chma s InfrastnKturc Development and BOT vii irroir riIAA Infrastructure Strategy for the Next Decade Developing a Blueprint for D tHUU 1 IiNO China's Construction System. Deputy
      328 words
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      Page 7 Advertisements Column 2
      148 7 Amara Royal Club... Because we believe Business Class should not stop when you leave Business Class. M mk 4 jtfP ffygy <$> Welcome to the privileged world of Amara Royal Club: deluxe room facilities, personalised stationery, daily fruit basket, floral bouquet plus your personal copy of daily newspapers and your
      148 words
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  • THE WORLD
    • Article
      Lock icon Dole conquers all 7 primaries in whopping win
      441 8 WASHINGTON Rival Forbes' exit imminent while Buchanan vows to fight till the end Reuter 808 Dole won all seven Republican presidential primaries on "Super Tuesday", driving rival Steve Forbes to the brink of quitting. "I think it's pretty well ordained now that
      Reuter  -  441 words
    • Article
      Lock icon Clinton extends debt ceiling but warns of shutdown
      297 8 WASHINGTON AFP PRESIDENT Bill Clinton signed a bill on Tuesday extending the US debt ceiling until the end of the month, but remained embroiled in a row with Congress he warned could lead to another partial government shutdown. In a message to
      AFP  -  297 words
    • Article
      Lock icon Jan inventories up more than expected
      363 8 WASHINGTON Bat Fed governor's comments dash hopes of rate cats Bloomberg Business News INVENTORIES of goods at US wholesalers increased more than expected in January as sales dropped for the first time since July, Commerce Department figures showed on Tuesday. The 0.7 per cent
      Bloomberg Business News  -  363 words
    • Article, Illustration
      Lock icon M-E peace summit lauded for moves against terrorism
      371 8 SHARM EL-SHEIKH, Egypt AFP PRESIDENT Bill Clinton hailed a landmark Middle East peace summit here yesterday as "very successful" after it agreed to take concrete steps to fight terrorism. He was speaking at a joint press conference with Egypt's President Hosni Mubarak
      AFP; REUTER  -  371 words
    • Article
      Lock icon Britain firmly committed to EU
      381 8 LONDON Bat London against increase in powers of European parliament Reuter BRITAIN said on Tuesday it was firmly committed to the European Union, but opposed the creation of a federal European state and said it would reject any erosion of its veto in a review
      Reuter  -  381 words
    • Article
      Lock icon US chip sale index falls for fifth straight month
      290 8 SAN JOSE, California Bloomberg Business News THE semiconductor industry's gauge for measuring growth in computer chip sales fell for the fifth consecutive month as new orders for chips declined. The Semiconductor Industry Association's book-to-bill ratio declined to 0.90 in February from
      Bloomberg Business News  -  290 words
    • Article
      Lock icon Spending cuts to meet deficit target
      193 8 BONN Reuter GERMAN Finance Minister Theo Waigel imposed a spending freeze effective tomorrow aimed at getting the federal government's 1996 deficit back on target. The move will mean spending cuts in some areas because "extra spending" likely will be needed to meet the cost
      Reuter  -  193 words
    • Article
      Lock icon US posts modest economic growth
      125 8 WASHINGTON AFP THE US economy continued to grow modestly in January and February, while wage and price pressures appeared weak, according to a Federal Reserve report released yesterday. Salaries have increased at a moderate pace and retail prices rose slightly, the Fed's 12 districts reported
      AFP  -  125 words
    • WORLD Watch
      • Article
        Lock icon Gunman kills 18 in primary school
        44 8 AFP [DUNBLANE, Scotland] Sixteen young children and two adults died here yesterday after a heavily-armed gunman burst into a primary school and opened fire, the Scottish Education Department said. The gunman then turned the gun on himself. —AFP
        AFP  -  44 words
      • Article
        Lock icon Zagreb-Belgrade traffic to resume
        70 8 AFP [ZAGREB] Air and road traffic between Zagreb and Belgrade will resume on April 11, nearly five years after being cut when Croatia declared independence fh*n fJ| former Yugoslavia, the Croatian press said yesterday. Agreements to re-open road and air links between the the capitals were
        AFP  -  70 words
      • Article
        Lock icon Corporate registration fees to be cut
        68 8 Bloomberg Business News [WASHINGTON] The House on Tuesday passed by unanimous voice vote a bill calling for a 50 per cent reduction in corporate registration fees. The legislation would reduce corporate fees by US$75l million (Ssl.l billion) over the next five years and increase
        Bloomberg Business News  -  68 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      59 8 Restoria* oDarkens grey hair 0 I 1 min in 5 minutes I Will not wash out and last for weeks. 'k2 min_^B H 4 min-^H c I SS^s^SißSssß^e» Available at Apex, u a r d i a n NTUC Healthcare and independent pharmacies. Marketed A. Distributed by: A ACCORD MARKETING
      59 words
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  • FOCUS: INTERNET IN BUSINESS
    • Article, Illustration
      Spinning money Webs on the Net
      1319 9 Sceptics and critics have scoffed at the viability of businesses on the Net but initial figures are proving them wrong AbackLASH over Internet hysteria was probably inevitable. For a time, naysay e r s could be heard questioning the road ahead. Critics fretted that
      1,319 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      109 9 WEST FOOTSCRAY ENGINEERING WFE Business for sale Offers are invited to purchase as a going concern the business and assets of West Footscray Engineering Pty Limited, ACN 004 183 859 ("WFE"). WFE is a leading manufacturer of engineered, forged and fabricated metal components in Australia. It has large, well established
      109 words
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      Page 9 Advertisements Column 2
      266 9 BOAT ASlA'»6^^" The 6th International Boating Showcase for the Southeast Asia Region CATCH THESTHIGHUGHTS AT BOAT ASIATO c^-* t0 ®-®®P m Seminar programme includes an Admission: 555.00 per person A _7 Speakers: John Hoggard, Ro«nan, Chin Chi Kiong overview of the marine leisure industry, Phil Watldns waterfront developments process and
      266 words
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  • EDITORIAL & OPINION
    • Article, Illustration
      Risks exist in listing stock overseas
      695 10  -  THE BOTTOM LDVB OPINION By Aruno Salvi The writer is the vice-president, Financial Lines, American International Group. She contributed this comment to Business Times ASIAN companies which avail themselves of the benefits of trading in foreign bourses, sometimes with simultaneous listings in New York,
      695 words
    • Article
      IN OTHER WORDS
      165 10 'I have a passion for making money.' Basil Anderson former Scott Paper Co chief financial officer, commenting on what he plans to do for Campbell Soup Co when he becomes financial chief of the company on April 1. They are getting leaner and meaner and showing that
      165 words
    • Article
      Mulish tactics do disservice
      644 10 EDITORIAL THE mulish tactics adopted by Japan's parliamentary opposition to prevent passage of the 1996 budget containing provision for the use of public funds to deal with the bankrupt housing loan corporations (jusen) do not serve the cause of democracy but rather discredit it Democracy recognises
      644 words
    • Article, Illustration
      The great jobs divide
      1104 10  -  Private sector most play its part in retraining workers. Not to do so imperils continued prosperity and stability By Robert Reich The author is US Secretary for Labour. This commentary first appeared in the Financial Times PAT Buchanan may fade from the political scene in the
      1,104 words
    • Article
      WHAT THE OTHERS SAY
      847 10 Japan Imports Its own goods JANUARY is an unusual month in Japan. When executives return to work after the new year break, their first obligation is to pay courtesy calls on old customers, not hunt for new clients. And the travel account is deep in deficit
      847 words
  • Page 10 Miscellaneous
    • Miscellaneous
      Page 10 Miscellaneous Column 1
      43 10 POOMEBBPRY-gy Gary Trudeau I SOtUHATARZYOUDO- BUT I MAS SITTING THBRB■ HUNCHSPOVBR MY MAC, TUTAUY tM IF THAT'S NO.9L££POV£RS. MMiTWMrYCIJ <%&<£POUTONA KILURRUN £UR COOL UM...SURE!] MIK£,TH£CMTMERBINAS6RWUS UJHBM 9UPP6HLVI UJTTH \DO&THIS /N67WN6 ZJ I KLTAMAMKNeeVFORFACe- you MEAN J VERY 20Y5ARS ~J TIME WITH MY PERSON'
      43 words
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  • EXECUTIVE LIFESTYLE
    • Article, Illustration
      Lock icon Return of the protein diet
      1169 11  -  A newly-energised and slimmer suzammehamuk talks about her experience during her short-term defection from the complex-carbo camp SUZANNE HAMLIN NYT PRAN McCullough, a book editor in Manhattan who has lost 27 kg in the last year, is relishing the response of people who haven't seen
      NYT  -  1,169 words
    • Article
      Lock icon Washington joint lures the crowds
      608 11 DINING Capital Grille is the place to see and to be seen NYT [WASHINGTON] "Hi," said Tom Smitherman, the manager of the Capital Grille, Washington's restaurant of the hour. "Welcome to decadence. Here, let me blow some cigar smoke in your face and pass you
      NYT  -  608 words
    • CHATTER Box
      • Article
        Lock icon Austrian Chancellor may sue magazine
        88 11 Reuter AUSTRIAN Chancellor Franz Vranitzky said on Tuesday he was taking legal action against a domestic magazine Profll for a photo-montage cover showing his head attached to a naked man covering his genitals with his hands. The caption for the cover reads: "How (Vice-Chancellor) Wolfgang
        Reuter  -  88 words
      • Article
        Lock icon Vince 'Dr Ben Casey' Edwards dies
        93 11 Reuter ACTOR Vince Edwards, who played the title character in the 1960s television medical drama Ben Casey, died on Monday at the age of 67. Edwards was admitted to UCLA Medical Centre early this month after he was diagnosed with pancreatic cancer last November,
        Reuter  -  93 words
      • Article
        Lock icon Mel Gibson has appendix surgery
        100 11 Reuter MOVIE star Mel Gibson, the favourite to win the Best Director for Braveheart, had his appendix removed in an emergency surgery over the weekend, Newsday and the Daily Mail reported on Tuesday. Gibson had an appendix attack as he was flying from Los Angeles
        Reuter  -  100 words
      • Article, Illustration
        Lock icon A surprise shower
        46 11 AFP WEST Indies star batsman Brian Lara is taken by surprise as he is showered with petals, on arriving at the Mount View hotel in Chandigarh, India yesterday. The West Indies team-play Australia in the second semi-final of the world cup cricket today.—AFP
        AFP  -  46 words
    • Article, Illustration
      Lock icon What you need to know about antibiotics
      781 11 HEALTH NYT [NEW YORK] Test your antibiotics IQ: Have you ever asked a doctor to prescribe an antibiotic when you had a cold or the flu? Do you sometimes stop taking a prescribed antibiotic when you are feeling better, even though there are
      NYT  -  781 words
    • Article, Illustration
      Lock icon BBC makes it big in global TV market
      684 12 TVSHOWS There's no foolproof formal* for success some programmes are instant hits, others have tnrned into flops Reuter (BRIGHTON, England] Saudi Arabia dropped three episodes of singer Shirley Bassey's show because her legs were showing. China bought Anna Karenina and then banned
      Reuter  -  684 words
    • Article
      Lock icon Coen brothers strike again
      708 14 MOVIES New arthonse movie, Fargo, bears the pair's distinctive yet unreducible style IHT [NEW YORK] The wintry landscape is flat and bleak, a whiteout broken only by a strip of two-lane blacktop, a muddy police cruiser on the shoulder, a blossom of blood in the snow.
      IHT  -  708 words
    • Article
      Lock icon Philadelphia is true story, says lawyer
      360 14 MOVIES Family of an Aids victim says it's his story, seeks damages from film makers Reuter [NEW YORK] The film Philadelphia was not a fictional movie, as Tri-Star Pictures says, but the true story of an attorney who sued the world's largest law firm
      Reuter  -  360 words
    • Article, Illustration
      Lock icon Stars reveal frayed nerves as Oscars near
      323 14 MOVIES Concern over what to wear and what to say if they win Reuter [LOS ANGELES] It was a nerve-jangling, butterflies-in-the-stomach luncheon as the nominees for the 68th annual Oscar awards gathered on Tuesday at a Beverly Hills hotel. The topics of conversation
      Reuter; REUTER  -  323 words
    • Article, Illustration
      Lock icon Romanian Picasso
      57 14 [LONDON] Alexandra, Nechita, daughter of a Romanian political refugee now living in Los Angeles, with her Cubist painting Dove and the Angel of Peace, which she presented on Tuesday to the British government as a tribute to the British forces in Bosnia. Described as a young Picasso, she
      AFP  -  57 words
    • Article, Illustration
      Lock icon Paris turns to nostalgia for Autumn-Winter
      398 14 FASHION Eclectic range from Jackie 0 look to Arabian mystique Reuter [PARIS) The Autumn-Winter ready-to-wear season kicked off with Christian Dior dishing up a little bit of everything on Tuesday from the 1940s New Look to a wink at Jackie O. In his collection
      Reuter; REUTER  -  398 words
  • Page 11 Miscellaneous
    • Miscellaneous
      Page 11 Miscellaneous Column 1
      188 11 THE WEATHER Singapore: Fair. Temperature (33-23) AaU-Pactflc HVLo* Good. Europe HVLo* Good. America HVLo* (ML Auckland »16 Cloudy Aanfcrdani 07/02 Shown Atlanta 21/06 Sony Bantfiok 3V23 Sunny Ain 13/07 Cloudy Buenos Aire* 24/18 Shows* Bepw 12/02 Cloudy Bail 02/-2 Snow Chicago 11/02 Cloudy 32/24 Sunny Bom 07/81 Showers Honolulu Cloudy
      188 words
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  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      683 12 111 iSSSi J WNERE 70 DINE MD entertain PALM SPRINGS SEAFOOD RESTAURANT Tat 566 9933 MM Budding sth Sloray. Jurong East Street 21. Singapore *****1 Open Dally 11.00 am 3.00 pm 5.30 pm 11.00 pm for wquiriw (Qffica Hour«) Tel: 338 9398 Fax: 338 6398 Y£>r-Ikee 0 I A>he Q
      683 words
    • Advertisement
      Page 12 Advertisements Column 2
      84 12 i The ribs are good cheap 991 Man Kan Keng ef The Sunday rimes voted The Sixties Mat i r Talk about... PI Good Sixties has it Cosy Ambience Sixties has it Inexpensiue Fine has it For reservations, please call 226-5830 L. Sixties: 31 Marina Park. Planet Marina #01-10, Singapore
      84 words
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  • Page 13 Advertisements
    • Advertisement
      Page 13 Advertisements Column 1
      137 13 Where to wine, dine and entertain LriBBY^bIJNGK Live Entertainment at LOBBY LOUNGE Peach Apple ~JT Tree and JEA O starstrikers from the keep you swinging through the the I Rock Jff Country —Western and Evergreens. At APOLLO HOTEL SMGAPORC «M MMTCLOCK HOM> WQA»Oftt IIMU TEL: TUSMI mjMi miw tro n
      137 words
    • Advertisement
      Page 13 Advertisements Column 2
      134 13 soups at tlie ANA Hotel are world famous and take ages to make. That's because they use only the hest stocks and ingredients and rely on the experience of Singapore's most talented chefs. Spoil yourself today. AANA HOTEL SINGAPORE 16 Nuiim Hill, Sinfapon *****7. "tlepkoiw 732 IV* 235 1516 I
      134 words
    • Advertisement
      Page 13 Advertisements Column 3
      194 13 All You Can Eat Moon Pavilion Chinese Restaurant Mezzanine Floor /I generous seleetion of Hong 1 i, Kong Tim Sum like Char Sicw Bao, Shark's Fin Dumpling Soup, Har Kow and over 50 local dishes await. It's an offer not to be missed! $16.80++ launch 11,30 am 2.30pm $23.80++ Dinner
      194 words
    • Advertisement
      Page 13 Advertisements Column 4
      165 13 Singapore Business -Giving you the winning edge i yw > jv 'S' jjTj Coffef L Pin Hsiang BBQ Steamboat Buffet Restaurant Too Payoh: Blk 190 Toa Payoh, Lorong d, #02-514, Singapore ***** a TeL 353 3315/353 4378 (Toti ftr»oA Central, close to bus interchange A MKT Stetson, above KFC) Jurong:
      165 words
  • Page 13 Miscellaneous
    • Miscellaneous
      Page 13 Miscellaneous Column 1
      804 13 TV&RADIO LBO Batman. L3O AM Close. 1 Jilß rFfITTnTSTa^ US Billboard US Top 20 LM Money, Money, Money gjO Sell a-Vision. COO AM Morning News/CNN. w p. See Friday's Schedules. ICOO NN News. CM TV'innovations fMMiti PM Warna Warni Muzik. T^®,^? ty Show. IN AM Horry. LOO CNN/Asia Business Re-
      804 words
    • Miscellaneous
      Page 13 Miscellaneous Column 2
      133 13 CRYPTIC CROSSWORD Z7 Lr^ < ir couldtea 28 Where to find Hazel briefly 8 t0 stlck round LfefflflllsftlSgMjn I-.11 9 Hide that's not hidden? (6,7) lEfci>-[AI i iTofed DOWW 15 It comes in through this roof IoMAMGM^vMNy<iMfe 2 Leap underground (5) (8) PW^sl^ R H E rM£] H W R
      133 words
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  • Page 14 Advertisements
    • Advertisement
      Page 14 Advertisements Column 1
      226 14 IT'S NOT IN THE HEAD. IT'S ALL IN THE SHAFT. 99% of branded golf clubs have their shafts manufactured by world class shaft manufacturing companies like True Temper, Aldila, G-Loomis, Brunswick etc. just to name a few. The reason is simple. Golf shaft technology differs from clubhead technology. The capital
      226 words
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  • COMPANIES & MARKETS
    • Article
      San Teh posts 34% earnings rise, plans bonus issue
      301 15  -  by Teh Hooi Ling (SINGAPORE] Rubber keypad maker San Teh Ltd yesterday Announced a robust 34 per cent Jump in net earnings to •aL&S million and proposed a $jne-fbr-flve bonus issue to reward shareholders. > f It al9o announced a first
      301 words
    • Article
      Parkway net profit falls 20%
      479 15  -  But analysts unfazed Iqr remits, confident of improvement in current year By. Jenny Lam [SINGAPORE] Parkway Holdings net profit fell 20 per cent to $23.02 million despite a 50 per cent jump in turnover to $284.7 million for the year ended Dec 31,1995. The property-and-health-care
      479 words
    • Article
      Sum Cheong's new director quits
      348 15  -  By i Conrad Raj [SINGAPORE] Hongkong lawyer Philip Kan Sung Chee has resigned as an independent director of controversy-laden Sum Cheong International less than a fortnight after taking up the post. A statement from the Hongkong-listed but Singa-pore-based construction and mining concern said Mr Kan
      348 words
    • Article, Illustration
      Prospects for Fels brighten as rebuilding industry picks up
      703 15  -  HOCK LOCK SKW By Rahita Elias IF PRIZES were given to marine companies for perseverance, Far East Levingston Shipbuilding (Fete) would be in the running. The listed rigbuilder has not only toughed out the hard times in the industry but has
      703 words
    • Article
      Hongkong Land in maiden Manila condominium venture
      275 15  -  From Quak Hiang Whai in Hongkong SINGAPORE-LISTED Hongkong Land Holdings has ventured into residential property development in Manila for the first time. It has teamed up with Ayala Land and the Bank of Philippine Islands for a US$4OO million (***** million) condominium project.
      275 words
    • Article
      ST Auto earnings up 12% to $13.4m
      289 15 (SINGAPORE] ST Automotive yesterday posted a 12.2 per cent gain in net profit to $13.4 million and proposed a one-for-five bonus issue on the occasion of its 25th anniversary. Turnover was up 18.7 per cent to $175.9 million. Earnings per share were 13.4
      289 words
    • Article
      Datacraft eyes NZ deal
      104 15 [SINGAPORE] Ma inboard-listed Datacraft Asia yesterday said it is negotiating with its Australian parent, Datacraft Ltd, to acquire the entire share capital of its wholly owned New Zealand subsidiary. Datacraft (NZ) Ltd designs, markets and services communications equipment. Datacraft Asia said the acquisition would be in
      104 words
    • REGIONAL COMPANIES
      • Article
        Lock icon Jardine Insurance Brokers' pre-tax falls
        428 16 Margins pressured by competition, low rates and weak US dollar, it says AFX-Asia [SINGAPORE] Jardine Insurance Brokers Group yesterday reported lower pre-tax profits at £21.3 million (5545.5 million) for the year ended Dec 31, 1995 compared with £24.4 million in the previous year. The company
        AFX-Asia  -  428 words
      • Article
        TA Securities ties up with rural banks to tap retail market
        316 16  -  From Al Labita in Manila A UNIT of Malaysian stockbroking firm TA Securities is tying up with rural banks to tap the Philippines' huge potential in retail stock investments. Less than one per cent of the country's population of
        316 words
      • Article
        Low Keng Huat in tie-up to buy Perth building
        190 16 [SINGAPORE] Construction group Low Keng Huat (LKH) has bought a 40 per cent stake in an Australian joint venture company, Haryne Pty Ltd, to acquire an office building in Perth, Western Australia. In a statement yesterday, LKH said Haryne was acquiring
        190 words
      • Article
        Lock icon C&C Bintang's gains soar by 79%
        231 16 Bernama [KUALA LUMPUR] Cycle Carriage Bin tang Bhd reported a 79 per cent increase in group pre-tax profit to M 1109.8 million (5160.8 million) for the year ended Dec 31, 1995 from M 161.34 million in the previous year. The company said in a
        Bernama  -  231 words
      • Article
        Ekamol files suit against former boss over sacking
        358 16  -  From. Loh Hui Yin in Bangkok THREE months after he was unceremoniusly booted from his job as chief of the Securities and Exchange Commission, former senior civil servant Ekamol Khiriwat has hit back at the authorities. He has filed a suit in
        358 words
      • Article, Illustration
        Lock icon Concern over earnings growth batters banks' foreign shares
        337 16  -  By I Shiv Taneja [SINGAPORE] Negative stock market sentiment and the prospects of lower-than-expec-ted earnings growth has battered banks' foreign share tranches by as much as 11 per cent since the start of the week. The worst hit was DBS Bank Foreign,
        Source: Bloomberg  -  337 words
      • Article
        Lock icon Genting's net profit falls 81% to US$35 million
        112 16 Bloomberg Business News [KUALA LUMPUR] Genting International pic, which operates cruise ships and provides casino management services, said operating profit rose 61 per cent in 1995 while net profit fell because an exceptional gain from 1994 wasn't repeated. Sales rose 83 per
        Bloomberg Business News  -  112 words
      • COMPANY Briefs
        • Article
          Broadway ups stake in China firm
          30 16 {SINGAPORE] Broadway Industrial Group Ltd has raised Its stake In Xinjiang Broadway Advanced Materials Co Ltd to 53.4 per cant from 38»8 per cent
          30 words
        • Article
          Avimo trades under new name
          29 16 [SINGAPORE] Avimo Singapore Ltd has changed Its name to Avimo Group Ltd. From today, the company's shares will be traded under the new name.
          29 words
        • Article
          Major shareholder cuts stake in GK Goh
          48 16 [SINGAPORE] GKG Investment Holdings Pte Ltd, a substantial shareholder of OK Goh Holdings, has reduced its state in the listed company. It soldsoo,oooshares and 350,000 warrants. It now owns 206.1 million shares (BSL24 per cent) and 41.4 million warrants (Ottpsr cent).
          48 words
        • Article
          Ipco unit wins HK$4m contract
          58 16 (SINGAPORE] Ipco International's subsidiary, Ipco Insituibrm (SEA), baa clinched a contract tor the tr«nch]eBB reconstruction of a half-kilometre of underground air-conditioning condenser mains for the Mass Transit Railway Corp of Hongkong. The project, at Mongkok Station, is valued at HK$4 million (*****,600) and is expected
          58 words
      • Article
        Plane sale to PIA unlikely, says SIA
        161 16 [SINGAPORE] Singapore Airlines (SIA) yesterday confirmed that its anticipated aircraft sale to Pakistan International Airlines (PIA) was "unlikely to go through" BT yesterday reported that SIA was expected to report no profit from aircraft sales in the financial year ending March 31 this
        161 words
    • INTERNATIONAL COMPANIES
      • COMPANY Briefs
        • Article
          Lock icon Pioneer develops faster CD-ROM drive
          85 17 Reuter (TOKYO] Pioneer Electronic Corp said yesterday it has developed a new high-speed drive for CD-ROMs (compact disc read-only memory). The drive has a data transfer speed averaging 10 times the standard rate, faster than any now available, a spokesman said. Four times the standard
          Reuter  -  85 words
        • Article
          Lock icon China waives stock transfer levy
          72 17 Bloomberg Business News [BEUING] China decided not to levy taxes on income from stock transfers for a third year due to the country's immature securities market and sensitivities regarding tax policies, Xinhua news agency reported. China adopted a law in 1998 requiring individuals to pay
          Bloomberg Business News  -  72 words
        • Article
          Lock icon Fujitsu's semiconductor investments
          89 17 AFP [TOKYO] Japan's Fujitsu Ltd will invest 700 billion yen (559.3 billion) in its semiconductor division in the three years to March 1999, a company official said yesterday. The investment of between 200 billion and 250 billion yen annually in the three-year period will top the record
          AFP  -  89 words
        • Article
          Lock icon Euro Disney plans new town near Paris
          73 17 AFP [LONDON] Euro Disney, the operator of the amusement park east of Paris, Is planning to develop a US$96O million (551.34 billion) new town including shopping mall, houses and leisure facilities on the edge of its site, the Financial Times reported yesterday. By
          AFP  -  73 words
      • Article
        Lock icon Battle of soft drink giants: Coke and Pepsi to out-fizz each other
        329 17 IHT [PARIS] Coca-Cola Co and PepsiCo Inc appear to be gearing up this year for a major marketing battle, one that will achieve a new level of international intensity. The stakes are high: Coke and Pepsi together rang
        IHT  -  329 words
      • Article, Illustration
        Lock icon Widows on hunger strike
        64 17 [LA PAZ] Widows of Bolivian veterans of the Chaco War on a hunger strike at the door of the finance ministry. The war was fought over 60years ago between Bolivia and Paraguay over control of the oil-rich Chaco region. The widows are protesting against the government's
        REUTER  -  64 words
      • Article
        Lock icon Time to edit Asia, Europe editions overseas
        181 17 Bloomberg Business News [NEW YORK] Time magazine said it is moving responsibility for editing its European and Asian editions overseas from New York, the second major restructuring since Norman Pearlstine became editor-in-chief six months ago. Starting in May, the magazine owned by Time
        Bloomberg Business News  -  181 words
      • Article
        Lock icon Securities watchdog supports plan to turn Hongkong exchange into public body
        390 17 Stock exchange unhappy over leaked plans South China Morning Post [HONGKONG] Leaked plans to turn the Stock Exchange of Hongkong into a public body have received the support of the securities regulator but have drawn complaints from the exchange.
        South China Morning Post  -  390 words
      • Article
        Lock icon TVE rejects SCMP buy-out offer it finds not 'fair'
        381 17 It fears completion of the offer could upset ties with Television Broadcasts Ltd, Shaw Group Reuter [HONGKONG] TVE (Holdings) Ltd said yesterday an independent board of directors committee recommended shareholders rejected a buyout offer from South China Morning Post (Holdings) Ltd
        Reuter  -  381 words
      • Article
        Lock icon Microsoft links up with America Online, resolving heated dispute between them
        399 17 Future Windows 95 versions to allow easy access to AOL BloombergBusiness News [SAN FRANCISCO] Microsoft and America Online put aside bitter rivalry on Tuesday and announced an alliance that will piake the software giant's Internet browser a standard feature
        Bloomberg-Business News  -  399 words
      • Article
        Lock icon AT&T unit plans largest US IPO to raise US$3.19b
        313 17 loomberg Business News [NEW YORK] AT&T Corp plans to raise as much as US$3.l9 billion (554.46 billion) selling shares of its equipment business in the largest initial stock offering in US history, according to regulatory filings. Lucent Technologies Inc. as the
        loomberg Business News  -  313 words
      • Article
        Lock icon Good interim results boost Telstra privatisation
        138 17 AFP [SYDNEY] Plans for the part privatisation of Australian telecommunications carrier Telstra Corp Ltd will be boosted by the release of a solid interim profit result yesterday, analysts said. Telstra announced a 17 per cent increase in interim net profit from a year earlier
        AFP  -  138 words
    • FINANCE & COMMODITIES
      • Article, Illustration
        Lock icon Australian dollar hits 14-month high in heavy trading
        356 18 Govt pledge to balance budget and break of long-term resistance provide the impetus Reuter [SYDNEY] The Australian dollar swept to a 14-month high in heavy two-way trade yesterday and showed every intention of carrying on to levels not seen since 1991. Relief
        Reuter; Source: Bloomberg; JEN CHUA  -  356 words
      • Article
        Schroders' earnings up 5% to £139m
        243 18  -  Results show benefits of diversification, says chairman By Soh Tiang Keng [SINGAPORE] British merchant bank Schroders pic yesterday posted a 5 per cent rise in group net earnings to £139 million (*****.5 million) for calendar year 1995. This works out to earnings per share
        243 words
      • SMALL Change
        • Article
          Lock icon Indon banks 'bad loans at 9.500b rupiah
          64 18 AFP [JAKARTA] Bad loans held by Indonesian banks reached 9,500 billion rupiah (555.7 billion) in November. The Jakarta Post yesterday quoted Trenggono Purwosuprojo, chairman of the Association of Private Indonesian Banks, telling a parliamentary hearing that bad loans in November for private banks
          AFP  -  64 words
        • Article
          Lock icon Online system for bond settlements
          48 18 Bloomberg Business News [TOKYO] The Finance Ministry and the Bank of Japan would soon make the central bank's online system available for settling transactions of corporate bonds, as well as government bonds, the Nikkei English News and the Nikkei Financial Daily said yesterday.—Bloomberg
          Bloomberg Business News  -  48 words
        • Article
          Lock icon Barclays plans to cut 500 jobs
          45 18 Reuter [LONDON] British bank Barclays pic on Tuesday said it was planning to cut 500 jobs in its regional offices in England and Wales. "It is part of the restructuring of the regional office network," a spokeswoman said. —Reuter
          Reuter  -  45 words
        • Article
          Lock icon Court asked to overturn bank rescue plan
          56 18 Reuter [PARIS] French bank Societe Generale on Tuesday said it had taken legal action to overturn a European Union decision to approve the French government's massive bailout of state-owned rival Credit Lyonnais. It is seeking cancellation of the Brussels Commission decision on July
          Reuter  -  56 words
      • Article
        Lock icon M'sia Monetary Exchange launch delayed further
        299 18 But the new futures bourse's live mock trading yesterday ran smoothly Reuter [KUALA LUMPUR] Malaysia's new currency and interest rates futures bourse started live mock trading yesterday, but its official launch is still awaiting the go-ahead from regulators, banking industry sources said. They said
        Reuter  -  299 words
      • Article
        Asian share prices seen rising despite recent sharp tumbles
        289 18  -  By Ven Sreenivasan HSBC Asset Management is bullish on Asian equities despite the sharp correction of the last few days. At its annual investment seminar for institutional and private clients in Hongkong, its director for Asia-Pacific Equities, Stella Yiu, said that
        289 words
      • Article
        Morgan Stanley's MSCI indices on Reuters pages
        199 18 [SINGAPORE] US investment bank Morgan Stanley said yesterday that all changes made to the Morgan Stanley Capital International indices will now be published on the public access pages of Reuters. Previously, only subscribers to the MSCI Announcement Service, as well as selected newspapers
        199 words
      • Article
        Indian Oil Corp signs loan deal
        79 18 [SINGAPORE] The Indian Oil Corporation (IOC) has signed a syndicated loan deal here with 14 international banks to raise US$lO5 million (SSI4B million). The Singapore branch of Fuji Bank arranged the 18month loan, with interest at 0.225 per cent above the London Interbank Offer
        79 words
      • Article
        Lock icon Euroyen firms on budget news
        252 18 SSMELReport Reuter (SINGAPORE] Simex Euroyen futures ended firmer but off their highs after breaching key resistance on bond gains and an early report relating to the Japanese budget. "Euroyen shot up when the Johnson-Smick weekly market update reported that the Diet would pass the 1996/97
        Reuter  -  252 words
      • Article
        Lock icon CURRENCY REPORT
        161 18 Reuter T iQntlffn THE dollar spent an uneventful European session in a very narrow range, and seemed unlikely to emerge from its slumber before the release of the Federal Reserve's Beige Book later yesterday. Shaky US asset markets, general mark strength on the European crosses, and the Swiss
        Reuter  -  161 words
      • Article
        Lock icon Oil prices higher as buyers cover low stocks
        281 18 ENERGY REPORT Reuter [LONDON] Oil prices moved higher again as tight shortterm supply-demand fundamentals cancelled out concerns over the possibility of rising supplies in the medium term. London April futures for North Sea benchmark Brent blend rose 46 cents a barrel to
        Reuter  -  281 words
      • Article, Illustration
        Untitled
        1233 18 DfTHRBAMK CPKBlDfCT RATES 4pm ,Mar 13 Afatait Afalnst US$ A taint S$ Afalnst U$$ CnrriKlas i »M Offor Bid Offoc Cwrtncias M Offoc IM Offor W Franc* fr«K 28.8775 27.9056 5.0445 5.04«0 Local dollars to om unit of foreign currency: HonqkonQ dollar 18.19 t8.21 7.7312 7.7317 Australian dollar 1.0874 1.0899
        1,233 words
    • Article
      COMMODITY PRICES
      1601 19 SICOli t'uTUftES Mar 13 n sjo»a) Itiic 0NTRACT(S aMt ClOM VoIwm Optfl 52S iwr Sit (tows) Mrttfttt ***** M75 W.00 217.00 217.00 200 4025 Jw 7© m KA MM 216.50 2O.00 214.50 300 ***** M"* 214.00 211.00 214.00 750 ***** mm 97 Z13.50 2325 ■S3 CONTRACT (US ctntj/kq)
      1,601 words
    • Article
      WORLD STOCK MARKETS
      2189 19 LONDON Mistrials fmi *h A.A.CorpAdr 63 unch AB Ports 3071/2 3 1/2 Abbey National 534 Allied Lyons 502 -2 Am* 96 -1 Argy" 315 10 Asda Group 104 3/4 *1/4 BAT tad 510 -27 «CC 333 8 BOC Group 926 *10 BR Petroleum 5451/2 14 1/2 BTR
      2,189 words
    • Article
      Lock icon TOKYO
      1645 19 AFP, Reuter Nikkei 225 -215.57 SHARE prices fell to the year's lowest close yesterday with the key market barometer ending 1.1 per cent down on poor investor sentiment due to a parliamentary impasse over failed housing loan firms, known as jusen. "The jusen issue is what is causing the
      AFP,; Reuter  -  1,645 words
    • Article, Illustration
      Lock icon HONGKONG
      1715 20 AFX-Asia P Hang Seng -***** SHARE prices closed sharply lower, but off intra-day lows, following Wall Street's volatile trade and overnight falls in the London Hang Seng Reference index, dealers said. The Hang Seng Index closed down 352.97 points at 10,249.48 after a low of 10,230.54 on turnover of
      AFX-Asia  -  1,715 words
    • Article, Illustration
      Lock icon CHINA
      650 20 Reuter ClShmuduuß Share Index -&24 THE Shanghai B Index ended down in slow trading, with most investors waiting for a clear trend in overseas markets and the publication of company 1995 results. The index fell 0.24 points to 50.10 on volume of 3.5 million shares worth US$l.4 million. "The
      Reuter; Source: Credit Lyonnsis Securities(Asia) Ltd  -  650 words
    • Article
      Lock icon TAIPEI
      405 20 AFP HWP Index *58J8 THE government added another US$6 billion (558.46 billion) to a stock support fund that has been the key weapon in its strategy to prevent the crisis with China from wrecking its economy. The move, announced just hours after China fired a fourth missile into a
      AFP  -  405 words
    • Article, Illustration
      Lock icon JAKARTA
      708 20 AFX-Asia, Reuter C 3 Composite Index -0.73 SHARE prices closed slightly lower yesterday on profit-tak-ing and with foreign fund managers sidelined on concerns over Indonesian policymaking, dealers said. The Composite Index fell 0.73 points to 560.13. Risers beat falls 64 to 39. Turnover was 16.5 million shares worth 203.3
      AFX-Asia,; Reuter  -  708 words
    • Article, Illustration
      Lock icon BANGKOK
      854 20 AFP P SET Index -18.76 SHARES fell as the bourse followed the downward trend of other regional markets. The bourse "not only followed the regional markets but also the rumour that the central bank will order commercial banks to increase the required ratio of first and second tier capital
      AFP  -  854 words
    • Article
      Lock icon MANILA
      334 20 AFP □Manila -33.94 STOCKS fell as investor confidence took a pounding from China's sabre-rattling stance against Taiwan. The Composite Index fell 33.94 points to 2,769.92. Turnover was 6.1 billion shares valued at 1.5 billion pesos. Philippine Long Distance Telephone Co fell 20 pesos to close at 1,460 pesos while
      AFP  -  334 words
    • Article
      Lock icon SEOUL
      428 20 AFP n Composite Index -5J5 STOCKS retreated as institutions trimmed their holdings amid market uncertainty. The Composite Price Index fell 5.55 points to 838.87. Turnover was 20.7 million shares worth NT$3B9 billion. Most blue chips remained on the sidelines, with indexlinked Samsung Electronics Co spearheading the fall amid the
      AFP  -  428 words
    • Article
      Lock icon SYDNEY
      639 20 AFP NAD Ordinaries -114 ANXIETY over the direction of Wall Street led shares to close 0.9 per cent lower. The All Ordinaries Index fell 19.4 points to 2,209.1. Turnover was 277.3 million shares valued at AJ675.2 million. Among the leaders, BHP fell 27 cents to A 518.14, CRA slipped
      AFP  -  639 words
    • Article
      Lock icon WELLINGTON
      287 20 AFP n Wellington -2L33 WHILE smaller corporates were busily launching takeover bids, leader Fletcher Challenge took a 12-cent dive to NZ$3.O6 and dragged the NZSE-40 Capital Index 21.33 points down at 2,081.12. —AFP Mar 13 W *h COCO) AN2 Bonding 6.90 unch 6750 Advantogol Mldgs 1.56 0.06 ***** Air
      AFP  -  287 words
    • KUALA LUMPUR STOCK MARKET
      • Article, Illustration
        Lock icon Stocks fall on concern over US rate hike
        7221 21 KUALA LUMFURReports Bloomberg Business News P Composite Index -ISJI STOCKS fell for the fourth time in five days, led by Tenaga Nasional and Telekom Malaysia, on concern over a rise in US interest rates. "The main concern of institutional investors is the
        Bloomberg Business News; ALLAN  -  7,221 words
    • WARRANTS & OPTIONS
      • Article
        Brokerages worth accumulating
        3705 22  -  WARRANT WATCH -By R Sivanithy THE warrants on local brokerages have taken a bit of a hammering lately, pushing them and their underlying shares into oversold territory. This is probably because these warrants actually function as a warrant on the market and the current volume shrinkage and
        3,705 words
    • Article
      CLOB INTERNATIONAL
      2368 22 MALAYS** STOCKS Or Gr L*«t Va» Day Last Quott Olv Dtv YM Nat M Cap Ht 0* Uw Caaipawy »«H COOP) High Low Bvyar SaMar H Cvr H P/t SmM U. 1 A'SB50c 48 tm U (I U IX.I U0.7 127 70S SOOt AMDS 50c M 2 355
      2,368 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        800 23 TVBMOVU COO#) VALUf f#M) 5Sm s!£ —«SS —sS —ssS —«£S gar ns gwMgw am i Mss M.7«O «JM £0 Kr" ISS tow UM UM 486 «W i§T *3® HS Nat* o a o o i o o w o 1 M I 3 W l 4 S3 1 2 12
        800 words
      • Article
        MAIN BOARD
        4192 23 Or Or M Wt 19*0/90 Laat Val Day UXOmU M> Oh W M Cap Avg W» t— 9tMa UmmtKf Sala COOO» Mfi laar 8ny«r SaBar Cvr P/E $rnm Prtea 2M T74 I2M At* 50c US174 -10 211 «2 174 173 174 116 288.0 494 318* mt 1000 AcmaSOc
        4,192 words
      • Article
        SESDAQ
        694 23 8r Or M an -jtb. a rS. a t a a .a m»i». S-JISWieMamsaMMHHMBMMBm J® "®P I I V-- 2® 14 *****7 258 264 18.0 6.9 0.4 56.5 115.0 Ml 1*0 SO 1001 Au*m«tni SOe 198 m 4V1 *09 *22 22i S -°J Itl 89 68.5 88.5 89 30
        694 words
      • Article, Illustration
        HOT STOCK
        35 24  -  Paul Leo asKwawass" average of 233 million units. Farther downside ts Itety as weekly Moving Aotrag* CQfwtrgtnc*Divergence Indicator hasjuat turmd bmrUh. A brmxk below support at 53.24 wiU set farther dscttm to J&Jt
        35 words
      • Article, Illustration
        Banks bear the brunt of investors' nervousness
        870 24  -  BTOOIHAKKBT OOMMHMTiIT Prospects for the Big Feor are being reassessed following DBS Bank's poor earnings growth By R Sivanithy [SINGAPORE] Tuesday's recovery in local stock prices proved to be just a flash in the pan, as the market weakened considerably again yesterday following
        870 words
      • ON THE GRAPEVINE
        • Article
          No freedom to sell
          148 24 COMPANIES, especially the big ones, have been nsscn ling subtle coercion when investment analysts call a "aril" recommendation on their stocks, we are told. A manifestation of this to the rising number of analysts who dscline to be quoted when they make such a call. Analysts
          148 words
        • Article
          Beardroom
          89 24 IN A study released in the United States on Tuesday by the International Brotherhood atTeamsters' pension fUnd—which has over US$4B billion (5167.6 billion) under management invested in virtually every major US stock 23 of America's moet powerful movers and shakers were singled out as being the "least valuable directors"
          89 words
        • Article
          The truth(about the
          64 24 anrSMowMlpfcbtßMlar watchers have not bete eemnracccrdb* to Federal Reeerreofflrial Lawrence Lindeey The Fe<r«»oal is simply far the this view i«n't yet pomiciai^todeveneomeeconoiniets, At^m^Henn^MMpo^^iaM^ would stiß tike the Fed to toy with the valne oftheUSdojlartoflxtotinlnhiie in k^ii— hit iffiiyi nmmSSSfiM vatae. When the of tike gfte spsacheeaad yopeStem
          64 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      60 15 iMH I I L j H v HKl- X m WQM SMCAfORf BOUTIQUES: 1 CBfTRCPOMT#OI-9018j*****09 X, 4 *****''' PARAGON IY SOGO #01-19 TH.: 734 9935 'JZS&i l 901-30 MUBRA WALK jWWjTm Y l CORNERS* V- «j TAKASHMAYA S.C. METRO PARAGON KUALA LUMWJR. UNTTPBA LOT 10-CXTANG-STAR HRL v! ,,> r MARL£X
      60 words
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  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      181 16 our' for. bur bar and restaurant but; lifter opening throughout I I- England we*bought trfdßJdfeV, jiftrtpMp) S^rrfarinejv^iftf^H came "Across the Universe" to where ale now conveniently located I I on the 3rd level of the Pan. Pacific Hotel in the heart of Madna City, where we have I ample parking
      181 words
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      Page 16 Advertisements Column 2
      103 16 lBSjl PRIME INDUSTRIAL SITE CHIN BEE DRIVE B Site IS, 117 sqm (approximately 162,720 sqft) Tenure 30 years +30 years Built-up Area 7,110 sqm (approximately 76,530 sqft) Located in a mature industrial estate Existing thiee-storey building on site allows for quick start-up Excellent access to the BKE, PIE and AYE
      103 words
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      Page 17 Advertisements Column 1
      143 17 ,~j>' 'i .->•% srx f 'V r /it .< 5 J ->r i'■ <6 S f P V'- y v- V,- <* better being out on your own. V I X' y' Iwltptndiiici has its advantages. At TVI2, ws gat ta aot an aur awn inatinata. A g Maka aur
      143 words
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  • Page 18 Advertisements
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      Page 18 Advertisements Column 1
      44 18 FURNITURE REMOVAL SALE UP TO 70% DISCOUNT We're giving away the shop at our removal sale! A full range of branded European Indoor and Outdoor Furniture, Lighting and Accessories have to be cleared before March 20th 1996. FOR A VIEWING APPOINTMENT, PLEASE CALL 732-94-97
      44 words
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  • Page 20 Advertisements
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      Page 20 Advertisements Column 1
      333 20 TLJC A There's no letting up in the property market in land-scarce Singapore. Although the market pTTTTnnTTmTynCT I M r" I lA|l. T AA Jb% seems to have soften somewhat, people are still paying record prices and rentals. From HDB Per single coi cm $16.17 apartments to private condominiums, landed
      333 words
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      Page 21 Advertisements Column 1
      186 21 Jk f Batam continues to boom. Private foreign and domestic investments totalled $6.2 ADVERTISEMENT RATES 11 J/ y\\ 11 y\\ I\\ /I I billion in 1994. Revenues from tourism stood at $240 million in the first six months of |l\v II £ml\ II The Sunday Times last year. Companies, especially
      186 words
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  • Page 22 Advertisements
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      Page 22 Advertisements Column 1
      45 22 FOR THOSE WHO PLACE QUfliriY ABOVE ALL. EXSSgI YOUR TIME HtS COME! Enhance your image. Promote your business. All in the name of quality. Call us, we'll show you how. Tang Ngai Kin 740 2085 (pg 9301 9320) Serene Checng 740 1609 (pg 9408 0305)
      45 words
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      Page 23 Advertisements Column 1
      126 23 Need cash for any worthwhile purpose? At Hong Leong Finance and Singapore Finance, we give you cash for your shares almost immediately This is all you have to do: JBBB* S°» w hy keep your shares tucked away? fia h Use it for a million purposes. Call us Stop by
      126 words
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      Page 23 Advertisements Column 2
      40 23 BUY*' SELL* FIND.* Classified ads make finding a job an easy chore. No matter what it is, you can always buy it, sell it or find it with the Classified. T0 L I FREE 1800-737-1166 Coll Today For Results Tomorrow.
      40 words
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  • Page 24 Advertisements
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      Page 24 Advertisements Column 1
      199 24 MILESTONE INVESTMENTS PTE LTD (to Htmbm' Vabmtary Winding-lip) NOTICE OP FINAL MEETING NOTICE IS HEREBY GIVEN, pursuant to Section 308 of the Companies Act. Cap. 30, that the Final General Meeting of the Members of the abovenamed Company will be held V the offioe of Messrs Cfcig Teh A Co
      199 words
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      Page 24 Advertisements Column 2
      464 24 TOLL-FREE TEL. No. FAX:74I-1298 IN THE MATTER OF THE COMPANIES ACT, CAP. M AND IN THE MATTES OP LTH SERVICES PTE LTD (Incorporated in Singapore) At an Extraordinary General Meeting of the above named Company duly convened and held at 6001 Beach Road. *81-43 Golden Mile Tower, Singapore *****9 on
      464 words
    • Advertisement
      Page 24 Advertisements Column 3
      379 24 PTC LTD, My convened and Mi oa 7 Marcti 19M at 10.00 lik. at 10-114-Ooma, Sftoko CaMr, MaM-Ku, HJroahJma, 733 Japan, tha toAmnng tpadal raaotoUoM wan duly paaaad 1. THAMht Company N amend up voluntarily purauant to Sacdon 290( i )(b) o# fta CompaM Act Cap. 50. 2. THATMrftrartar af
      379 words
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      Page 24 Advertisements Column 4
      406 24 Singapore Closing Share Prices 13/03/1996 CLOSE PREV LOW HIGH \WU/ Jardine Matheson JA6 7.80 M 6 7MO FBBBiI is??? Str^»lc 3-24 3.34 3.24 3.28 I WMf J Dairy Farm 0.05 0.97 0.046 0.08 Hongkong Land 2.00 2.15 2.05 2.13 ■■■nMI Mandarin Oriontal 1.21 1.22 1.21 1.21 EOLmm Jardina Strategic WOB
      406 words
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  • SHIPPING TIMES
    • Article
      Lock icon DAILY FREIGHT
      304 25 Knight-Ridder, Reuter THE direction of freight rates remains uncertain in most areas, with the exception of the east coast South America where brokers noted that an abundance of chartering orders were quoted and rates are expected to rise. TheBFI panellists marked down Route Three, 52,000 heavy grain Nopac/
      Knight-Ridder,; Reuter  -  304 words
    • Article
      MARITIME STOCKS
      243 25 m i WO V- M carroMrtMtm l» *qjh m Chu*nHM»Ho4dhn«-LW -O.OI Mt Coica Invastmant —1.02 -0.03 21 ftLS 7.40 -0.05 61 rrMMLMs &«s -0.005 499 GOHottnjs 122 -0.03 30 Hal *M«up«)Wp„ 0.99 -a« M) MRacMZoMd 102 -001 54 IMC NMM HKS.60 Jmmbm wo -0.05 79 JMTMaSNpywd —1.00 -040
      243 words
    • Article
      Call to develop common logistics operating structure
      377 25  -  Asia Pacific Transport A Logistics *96 Region will then achieve true optimisation of the distribution process By. Rahita Elias [SINGAPORE] Asia needs to develop a common logistics operating structure to facilitate the distribution process in the region. Speaking at the Asia Pacific Transport
      377 words
    • Article
      TWRA to raise US-Malaysia charge
      124 25 {SINGAPORE] Members of the Transpacific Westbound Rate Agreement (TWRA) will be raising the terminal handling charge for cargo from the US to Malaysia from April 15. The San Francisco-based ratemaking group said in a statement that the charges for a 40-foot container will be increased
      124 words
    • Article
      VLCC order indicates increasing pressure to renew tanker fleet
      567 25  -  MEWBUILDS By David Hughes THE past fortnight has not seen a great deal of activity in the newbuilding market. The long expected P&O containerships still remain the big non-order though the word is, as it has been for quite a while,
      567 words
    • Article, Illustration
      CILC to expand Loyang logistics centre
      282 25  -  By' Yong Mei Fong [SINGAPORE] Changi International Logistics Centre (CILC) is investing $32 million to expand its $30 million logistics centre at Loyang. The company's general manager Cheong Teow Cheng told Shipping Times that CILC is starting on the phase-two extension this month. The
      282 words
    • Article
      Lock icon Shipowners face challenge of ISM code
      326 25 Shocks may be in store when code comes into effect, conference told Knight-Ridder [NEW YORK] Shipowners around the world could be in for several nasty shocks as the global effort to raise the standard of ship management intensifies, a seminar organised by the International
      Knight-Ridder  -  326 words
    • Article
      Lock icon Indon line to start two new feeder services
      172 25 MBT [KUALA LUMPUR] PUL Inter national Container Line (PICL), the Indonesian based shipping line, will operate two new feeder services between Penang-Port Klang-Singapore and Port Klang-Belawan (Indonesia) and Pasir Gudang this year, the executive chairman and chief executive officer of Nepline Bhd
      MBT  -  172 words
    • Article
      Lock icon Pakistan seeks bidders to build Gwadar port
      190 25 Reuter [ISLAMABAD] Pakistan's Ministry of Communications asked marine civil engineering and dredging contractors on Tuesday to pre-qualify for construction of a deep water port at Gwadar in Balochistan province. It said in a newspaper notice that tenders would be called for the first
      Reuter  -  190 words
    • Article
      Lock icon EU warns Taca again on price-fixing
      181 25 Reuter [BRUSSELS] The European Commission has warned 16 shipping companies to drop price-fixing agreements on land container transport to and from ports or risk hefty fines, but it is still unclear when the fines might be levied. It is the second time the Commission
      Reuter  -  181 words
    • PORT Shots
      • Article
        Hitachi Zosen's VLCC deal
        99 25 [SINGAPORE] Hitachi Zoeen has clinched an order to r*v build two very large crude carriers (VLCCs) of3lo,ooodwt 7 each for the Golden Ocean Group of Channel Islands. The value of the deal was not disclosed, but the Japanese shipyard said that to date, it had received
        99 words
      • Article
        Lock icon Gt Eastern drops port-building plan
        80 25 Bloomberg Business News [BOMBAY] The Great Eastern Shipping Company has dropped plans to diversify into building ports in financial 1997, The Economic Times said. The company will instead focus on its core areas of cargo shipping and real estate development, for which it has planned
        Bloomberg Business News  -  80 words
      • Article
        Lock icon China ferry sinks, killing 42
        75 25 AFP (BEIJING] A Yangtze river ferry that was racing against two other ships sank in Sichuan province, at rnnt 42 people, sources said yesterday. The ferry, belonging to the Pengan river transport company, was carrying around 100 people when it sank on Monday between the
        AFP  -  75 words
      • Article
        Lock icon Iranian shipyard ready soon: report
        91 25 Knight-Ridder [TEHRAN] The Persian Gulf Shipyard, able to build and repair 230 vessels annually, will be in operation in the southern port city of Bandar Abbas in the second half of S next year, the Iranian news agency Irna repeated yesterday. The head of Iran's
        Knight-Ridder  -  91 words
      • Article
        Lock icon US oil spill mopped up
        73 25 Reuter [HOUSTON] Clean-up crews mopped up an oil sain t n tk» Houston Ship Channel on Monday that akwed but d£i stop of the waterway, aCoastGuani official He said traffic was restricted to one-way for seviMiki tfter the spill ofl ,500 barrels of virgin gas
        Reuter  -  73 words
    • Article, Illustration
      Industry's show-and-tell time
      1015 26  -  SINGAPORE MARITIME WEEK: ASIA'S LARGEST SHIPPING EXPO IS A HIGHLIGHT hundreds of exhibitors, delegates, a huge number of programmes and seminars will kick off Singapore Maritime Week, with SingaPort '96 and Singapore International Bunkering Conference '96 being the main attractions Yong Mei Fong JUST 10 days to
      1,015 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      294 26 PAGE Ethiopian 6 *ri ti Everett 12 Ml 3 j Emprime 13 M Arrnrd 12 FMOW f 4 FoongSun 12 a rnu 12 i ,r n Frt World 12 Antral n C Link Express 4 i*i» J Gemartrans 13 Jo n C* 01
      294 words
    • Article
      SHIPPING GUIDE
      18062 32 ETA ETA Advertiser Vnm) Voytq* Pq ETA ETA Advertiser Vessel Voyage Pg SIN Oest'n Name Name No. No. SIN Dest'n Name Name No. No. NMHaWMMHHMMHnHHMMnnRMaHHNaHMaaHaHaBMHai HMHMINMHMnMIMHHMinMNHMMMHMMMHMMMMHMMMHMMII A 17/03 20/03 ACL SRISAMUT (BMT) SRSN3 D A T7/03 20/03 Avant KOTA BERKAT BKT009 6 hlrtlan 17/03 20/03 RCL ANAN BHUM
      18,062 words
    • SHIPS IN PORT
      • Article
        CONVENTIONAL WHARVES
        729 39 Mam II* a IUBBJAUM ftsstf wy pinn Arrival Mpimrv JmiM 'M 05/* JOT 1303/1500 MM/MOO taJW Ml JO ViSVtWO M.03/2300 Am X JOS *01/2)99 BJV06OC Ma I ***** jot 003/0000 U03/0600 •MMn (MM Jl M.03/MOO M03/23OC ll»|l I MOI JB 130 WO 003. 2« kMtoi OMIM JOI 003/0000
        729 words
      • Article
        CONTAINER SCHEDULES
        1177 39 RECEIVING OF EXPORT Fa CONTAINERS AND La CARGO Booting/Mute* Rstte SMp Voy No Ett/ltr Ported From To Frw Jkiomr on* *moo IVSOO IV*» a/mo a U/T700 14/0*51 KAWOO M/MM MM* M/MOO 4 M/BOO M/MW M/1700 55 8SS MS SSK iSB "a™ ««s sw O/trOO M/04W MftMO a u/itoo
        1,177 words
      • Article
        COCKETT BUNKER MARKET REPORT
        874 39 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
        874 words
      • Article
        GLOBAL HOLIDAY
        313 39 MAR 12 Mauritius: National Day. MAS IS Belarus: Constitution Day. Hungary: Anniversary of 1848 revolution. MARIA Iran: (tentative) Martyrdom of Sixth Imam. MARIS Ireland: St Patrick's Day. MARIS Iran: Oil Industry Nationalisation Day. Malta: St Joseph's Day. Nepal: Ghode Jatra, (for the Kathmandu Valley only). Spain: (tentative) Father's
        313 words
    • AIR & LAND TRANSPORT NEWS
      • Article
        Lock icon Japan asks for talks on United, Northwest routes
        244 40 Reuter [TOKYO] Japan has asked the US for talks on three routes operated by United Airlines and Northwest Airlines which Tokyo believes violate a bilateral agreement, a Transport Ministry official said yesterday. He said Tokyo had not yet received a reply from
        Reuter  -  244 words
      • Article, Illustration
        Lock icon Strike shuts down Bucharest metro
        68 40 [BUCHAREST, Romania] Striking underground rail workers playing chess on Tuesday during a strike for pay rises and better conditions. Workers ignored a union call to suspend the strike last Wednesday when a court ruled the action illegal, extending the strike from 12 hours a day
        REUTER  -  68 words
      • Article
        Forwarders still have vital role despite integrators
        333 40  -  Aala Pacific Transport A Logistics *90 Niche players can tailor services for their customers, conference told By. Rahita Elias [SINGAPORE] Freight forwarders still have a vital role to play in the distribution process even though integrators have moved into this field, said K
        333 words
      • Article
        Lock icon Virgin and BA settle 'dirty tricks' dispute in Britain
        301 40 Reuter [LONDON] British Airways (BA) said on Tuesday that arch rival Virgin Atlantic Airways had agreed to settle their remaining legal wrangle in Britain over allegations of dirty tricks, which led to a famous libel victory in 1993. BA said Virgin
        Reuter  -  301 words
      • Article
        Lock icon News to control Ansett New Zealand
        268 40 Hearing on Air NX's proposed buy-in of Ansett Australia Reuter [WELLINGTON] News Ltd said yesterday it would assume control of the Ansett New Zealand board under a plan for Air New Zealand Ltd to buy half of Ansett Australia Airlines Ltd. Speaking at a
        Reuter  -  268 words
      • Article
        Lock icon DCM Daewoo to raise funds by selling shares
        317 40 Indian joint venture plans to raise USsl47m for expansion Bloomberg Business News [BOMBAY] India's DCM Daewoo Ltd, the car-making joint venture between India's DCM Ltd and Daewoo Corp of Korea, said it plans to raise at least US$l47 million (***** million) through
        Bloomberg Business News  -  317 words
      • Article
        Lock icon Samsung still undecided about Fokker
        155 40 Bloomberg Business News [SEOUL] Samsung Aerospace Industries Co said it has not decided yet whether to acquire Dutch plane maker Fokker NV even after the ailing company said its chances of survival are "extremely slim". If no rescue plan can be worked out by tomorrow,
        Bloomberg Business News  -  155 words
      • LOG Book
        • Article
          Air NZ given Taiwan travel award
          86 40 [SINGAPORE] Air New Zealand has been awarded the Travel Quality Golden Award by Taiwan for two erf its tour packages to Australia and New Zealand. The annual award was Jointly sponsored by four Taiwanese organisations—., the Travel Quality Assurance Association, the Consumer Foundation, the
          86 words
        • Article
          Lock icon Renault to set up plant in Brazil
          109 40 Bloomberg Business News [PARIS] Renault SA, France's second largest car maker, said on Tuesday it will build a 3.8 billion French franc (SSl.l billon) factory in Curitiba, in the southern Brazil state of Parana. The car maker said it will assemble its compact
          Bloomberg Business News  -  109 words
        • Article
          Lock icon Proton hopes to go fully local
          107 40 Bernama [SHAH ALAM] Perusahaan Otomobil Nasional Malaysia (Proton) hopes to folly localise the manufacturing erf car components, said Proton deputy managing director Kisai Rahmat. However, Mr Kisai refused to say when Proton intend to implement the policy of fully going local in the manufacture
          Bernama  -  107 words
        • Article
          Lock icon SAS' passenger growth in Jan-Feb
          77 40 Reuter [COPENHAGEN] Scandinavian Airlines System said on Tuesday average passenger growth for 1996*s first two months was 5 per cent compared to expectations of 6 per cent, attributing the lower figure to general economic factors. "Traffic growth for January and February was 5 per cent
          Reuter  -  77 words
        • Article
          Lock icon Cathay gets civil aviation dept nod
          58 40 AFX-Asia [HONGKONG] Cathay Pacific Airways Ltd said the Civil Aviation Department has granted it approval to extend the range of operations of its twin-engined Airbus Industrie A 330-300 aircraft. This permits the airline to operate the aircraft on routes up to 120 minutes away
          AFX-Asia  -  58 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1278 40 CITY FU6HT ETA FU6HT ETC HonqKong UA80S 0105 UA806 0615 AboPbabl S0441 1550 ***** MO CX710 0040 A*M* 0F81 1930 0f«2 2050 ttK S0228 2045 CX717 1235 ***** 13,5 CI66S 1335 CI666 1440 Amstordam KL843 0545 K1838 2335 S0865 1440 CX712 1450 SO/OL25 0645 S0/0L26 2355
        1,278 words
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  • Page 26 Advertisements
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      Page 26 Advertisements Column 1
      1291 26 a3ftLH 9 V 9 V m*~. W m m. M jM I A A I 1 I I I I m J M a ||||]|1| m w A A A ft <M» I I orwgfl DESTINA'THMa I I WO*TW»MCT/cJ-| bwtcTCjuxTowECTCOATr acxi 1 amwowt caufo*«a DgRtarfgMHECT mow wrttcoowi 1 1 rn
      1,291 words
    • Advertisement
      Page 26 Advertisements Column 2
      183 26 Lkw services represented by Members olthe Registry ot Accredited Shipping Agents. st»re National Shipping Assoc SigrajGl^ffisONLmE Just talk to us... •Iris Lira 740-2044 Patricia Chew 740-1645 »Jarrod Leong 740-2089 Philip Koh 740-2382 I BUFFALO IVO3 2MB FttlVAtw/BmrVUK -41 Loeds EJH. Indonesia I SAMMFRONTER I RAN CRYSTAL I A. VERMEZ I
      183 words
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      Page 26 Advertisements Column 3
      7 26 Member* o< toe Singapore Freight Forwarders Association
      7 words
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  • Page 27 Advertisements
    • Advertisement
      Page 27 Advertisements Column 1
      1104 27 Mane SOUTH WEST EXttKS (WtKT) rasa Iwr I m 1 sum latin lux 1 dm 1 «a> 1 I htc I ail Thou I iaaat I I tfIMMMi I oo» I n/B I li/M ln/n Im/m I nm I mju I i/t* I m/m I *m I m/h I I
      1,104 words
    • Advertisement
      Page 27 Advertisements Column 2
      1977 27 HANJIN SHIPPING \u» I [mini Itm 01 Iwt \m |sm ot> |m m Imfm nimmmmmm ii/m I m/m I m/m n/M u/u v/u «/m~ v/« m/m m/m ~m/m |m/m w/m iy* M/M nwrowtw W/M j 11/ M I 11/ M ii/m U/M 12/H u/m is/m 14/ M is/m IS/M IS/M
      1,977 words
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  • Page 28 Advertisements
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      Page 28 Advertisements Column 1
      696 28 I M—PP—M Hi A V A P*V ■Am wm A I fg I P 1 V A M V K^| BBBiBBHyWI^^^WWI^PIWWWWHB^^FWWWWIP^WPIfWffWHBBHI i j- HIM ks& m n mi nn im rrw p sum sm hu no no sm kok ms swwramss ra \in q nFiririria rW bmo kw ipT »l/
      696 words
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      Page 28 Advertisements Column 2
      986 28 I NORASIAI I" \rnmm. voy Ism I alolasmci val hamm rot mt kl jm I *MM MIW &*1 MM MM ISM 4 14/ M 11*4 MM4 1«M ll* MM 1«M SI VAUK Iffll M ltM Wt Ml tVM IIM tW OM MM MM ZVM slmimtive mm mm a* mm hm
      986 words
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      Page 28 Advertisements Column 3
      562 28 JAPAN/HONOKONO/tnUITS RMUMR SBMVICS LOAIHNQ FOR PORT KLANQ/PEMAMQ vena vtr store mSB p*S phi T MttMTnLOT "jT"gr~ 1 OMBWUHBH QUI MPT miwwn »i HMM lIMQMMM 171 MB 10 MM munhmyu i n mow awn am patiamj j 14HAW aim meant j amm amm CHUB BUM! 17 tl MM MMM HMM trautwa
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      738 29 IPM STRAITS SHIPPING PTE LTD I It Km Cfclaaf Rui #11-01 Kappal Tmnrs Slfpwt MM T1: *****58 Fait: 2W117 JTHA/TJJTAA WOK IS Mar 1» M» Mm AKM UwtoK MMMJIM MNK tl MvUHv LaMl. taMMHtM W.IftCWIB—IWWMIWUIWIMWWWIUBit STRATOMOPI WW aMv23Mv ManAKaMttMta. PNBSBMg ffll KOBE CMMHAK MM aMv 17Mar LjAmm, taMoa 4 TMw
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      Page 29 Advertisements Column 2
      2110 29 iMHk. BfeO Containers p Limited £r rJr v\ Hoe Chiang Road, #07-01 Keppel Towers, Singapore 0208 ■Wk first Class Connections WORLDWIDE Ttt 225 2233 Telcx: RS ***** pnocsp f«k 225 5327/222 7317 CR Number **********0 M BVBADT MmniT "W" IMPORT > reoJX maersk SSa iT/w iaJoa i!a» CM oi/m ocvjl
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      1095 30 EUROPE/UK/SCANOIHAVIA/FIIILANP/BUBSIA r?n «0« «W HM THP LHV LHV THP ROM AMW HSG PKL fSSTI E. RIGHT RW-022 11/3 5/4 1/4 7/4 9/4 10/4 E. GUIOE RE-671 11/2 *1/2 26/2 22/2 23/2 11/3 I*3 I. RACER RW-666 23/3 12/4 13/4 14/4 1«/4 17/4 E. SIFTED RE 063 23/2 2S/2 27/2 26/2
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      Page 30 Advertisements Column 2
      933 30 VBSII VOTAtt MP ON AMI MM UN RWT Ml I VISSfI VOTMI M M Mi UK UP I HUN 03W-00MT ?C,TO X/U3 31/ TO 03/04 OVW UMOMT *****7K 01 t)3 C 2 D 3 01X3 04/03 15 03 H UN CONCEIT UfMMV 71/03 31/ TO 01/W 02/04 03/04 MAM 04/04
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      Page 30 Advertisements Column 3
      622 30 gmCHFBJ) MAMNE APEMOP (S) PTE LTD TEL: *****33 (12 LINES) FAX: *****18/*****03 TELEX- RS ***** fWMP CD NO: **********0E 1 'I f (Natfond Lines of EtHopfa) ACCEPTING FCL AND CONVENTIONAL Voy I BTA I nmW» fin AbfOt 43W8 IM4 NXMnK 42W8 20*06 BCiwuili > FULLY CONTAINERISED REGULAR LINER SERVICE ACCEPTING
      622 words
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      Page 31 Advertisements Column 1
      1386 31 mkctuumsto HAM -14 BAYS KW YORK 18 DAYS IM JWMW Aftj Otpt Ofrtti- CMtoAw UM7II JOHOU OffKt: COS TAR SHIPPING PTE LTD fu tnimt ctMt—r. iinmi/mmmm? e»»ui—r «w u ttumt «W7« COSTAR AGENCIES (M) SDH BHD MmM Hbjr 117-tt Ttsi:tUM COtmr CmimMmCMMH 0/0: *tO»7M tfifm—t UMTU r HlliliiiTfi mm+tgrna e*m.-
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      Page 31 Advertisements Column 2
      508 31 B' KAPAL KRIS Shipping Pte Ltd 7N DUXTON ROAD, STORE Mf 529 4777t to3M2i7y J NO. H*****Q000G SYARIKAT PERKAPALAN KRIS SENDIRIAN BERHAD SOMOtHOOCAGIOIMCIUSVKSSCBmt 10 JAUN SS t/1# KHANA JAYA RO. BOX 5421 447WKttUKJAW.SBANG0*.TH:704*477/71/7* FA******07 IHELMJOUS XmnitiMitiai— Mwiiw toftM nw WIMM PAS.R AIAST KUCHPtO I tm I MUAKA I I lABUAN
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      Page 31 Advertisements Column 3
      426 31 r FAMOUS CONTAINER LINES JlpS 80 ROBINSON ROAD, #22-02 SINGAPORE *****8 y HOT LINE: *****33 (30 LINES) S^LINC 1 CALL OUR HOTLINE *****33 J CONTACT RAMLAH NOW •.4 1 P. KLANG PH: 0203/*****02 (10 UNES) PENANG PH: 0204/*****7 (10 LINES) J. BAHRU PH: 0207-*****22- <• EX PASIR GUDANG DIRECT LCL
      426 words
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      Page 35 Advertisements Column 1
      652 35 Mft MYANMA iW FIVE STAR UNE «T (MywNMr Naftad Um) Iwlil ftr YaafM (Raafaoa) nssa voy sin pm pm pm UMiffM HW MPT MTMBM IMW 15/03 MIAYSM AGBfTV OOUSTtAO SMPPBM MtNCKS ML TE 02-03-***** M Pitt: TH 02-43-*****01 ftls m tt-M-M***** POO: TH 02-47-*****11/4 M BANK LINE (A unto ><
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      Page 35 Advertisements Column 2
      1047 35 ADVANCE CONTAINER LINES (PTE) LTD An I 140 CocM StraM, #12-00, PIL BuMna. Stnaooora *****0 ZZmMvLZ TEL: *****21, FAX: *****18, TELEX :R8 ***** ACLPL CR NO. **********06 "I IM' 1 —s —tiMihfA ~—l S Ho >o 2miwfi>Qo>r teWoei lo LCHI ITTTneeiuWm) ss; ■"'"T 1 TV y SX VwV 8N JKT
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      Page 35 Advertisements Column 3
      835 35 wmri.s voy «w qaabetta le havre Hamburg thamcbport rotteroam wtowT" Vt-LE OE VB.A VI3W 20/03 31AP 00/04 10/04 12/04 IVO4 IMM MLLE OE CAPELLA TI«W 27/ DO OM4 16/04 17AM 19/04 2004 22/04 VW-LE D€ LIBRA UW OMM 18AM 23/04 24/04 28/04 27AM 2MM WLLED-AQUK-A 22A>4 3QQ4 01/06 0506 M«
      835 words
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      Page 36 Advertisements Column 1
      1026 36 liiaßniinnH HTjBHHkQIQXXnHHHB vt>sgL v y J*T I sbst voy m PEN IVESSEL TvOY SM BKK WRABHUM ***** Fti ISAM~ tun 17A»1 I BJHAB QUA 8048 Thu In pC 81 16AM~ V ANTRA BHUM U7N Thu IMM Sun I 17/08 WWW* 1W 81 16AM Tu. BHATRA BHUM 8348 Sun 17/W Tu.
      1,026 words
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      Page 36 Advertisements Column 2
      640 36 11 PUXTON HILL, SINQAPORI *****3 CR *****9a0000N POUT KLANG PtNANG w I m I m B«sa vot at £2L SEfiLO!! amw ■MM WH &gg Mi a«a w/om HUfIWTBBME an 07/toWU HteM M 'VMM urnum TTumo 1003 tdusi \vumZ Mg w>g m m«» ivw«« hi on mm warn SSf 5r —!IjSMI
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      Page 37 Advertisements Column 1
      621 37 11 L SINO EXPRESS SHIPPING (PTI) LTD. M I 11 COLLYER QUAY #00-01 THE ARCAOI SINGAPORE 0104. I —y/ TIL: *****00 (4 LINES) FAX: *****08 TLX: R*****1 BINOEX SINOTRANS SWAHQHAI (CONTAINER SERVICE) SIN/HKO/SHAI STORE HKQ MAI VESSEL VOV ETA I ETP ETA FTP ETA lET ifiWNQYUQ W 0 oa/os oa/oa
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      Page 37 Advertisements Column 2
      292 37 t«S£ffV)Smo ■**(*<)«—WliMt|W)W» j K£sS|^<BR Lowest RATES to:- HAMB/FXT/R'DAM mv "HANJIN FELIXSTOWE" V.028W ETA 18/3 USs2o++ j HONGKONG S!_ mv "WAN HAI" 222 V. N023 ETA 17/3 i BANGKOK it mv "RATHA BHUM" V.99N ETA 16/3 "I CALL: EILEEN, PHYLISS, XIUHUA EMr ISL I" I"*I m miw i w m |mt
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      Page 37 Advertisements Column 3
      19 37 EXPRESS (S) PTE LTD WEEKLY SAILING TO MUARA HP ETA 07/03 10/03 12/03 IS/03 17/03 20/03 PLEASE CALL: *****96
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      Page 37 Advertisements Column 4
      183 37 ATTRACTIVE FCL/LCL RATES TO:, Indian Sub-Continent Ports MADRAS/BOMBAY/ CALCUTTA I COLOMBO CHITTAGONG NHAVA SHEVA k, .i ■-"•v. ii..i( ,•>. H m >NTAINER LINES QUIRIES BOOKINGS PLS CALL TEL. 224 6744 Astro Shipping Pte Ltd WEEKLY CONSOLIDATION SERVICE \f& O.K. LINE FULL CONTAINER SERVICE S 1 PORE/JAKARTA wna VBY SM JKT
      183 words
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      Page 38 Advertisements Column 1
      380 38 SffIPPINGTIMES BU SINE S SCENTRE ADVERTISING THAT DELIVERS YOUR BUSINESS FACTS THROUGH THE FAX JUST CALL 740-6000 5f253-755g.» MX; 233-2303 romuSSSTtSSS^om W& T PISTRIPARK. I I seriing Your Total wartkouslog Niids! f IMMMMM ideal, state-of-the-art warehouse right in the heart of Jurong industrial Estate! w£ jomia| Reaching »T7 Tjjg| L
      380 words
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      Page 38 Advertisements Column 2
      315 38 TEAMWORK is when everyone takes responsibility and diligently work towards achieving the main goal. A quality which has been The Total Transportation People The Total h embraced by all at Visa Freight Transportation'® these past ten years. Put your People jj needs in our hands and join the winners' circle.
      315 words
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      119 39 LCGCND: K Thunderstorm Temperature c A Shower Weother Wind drection wrtti spe*d in knot* Rom Cloudy Sky W«v* h**ht «M *r* i«dk*t*4 fcy arrows wtodi fly wttfc tfc* wmd 0 On« ful crcl* represents calm or Ight and vortable winds On* half Heche represents 5 knots L-» One ful Heche
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      Page 40 Advertisements Column 1
      191 40 SALE OF VESSEL MOTOR TANKER "VIKOL" Particulars of Vessel Name of Motor Tanker "VIKOL* Call Sign 9V5120 Port of Registry (previous) Singapore Type Single Screw motor steel tanker with a raised forecastle and poop deck Dimensions 7328 mL x 14.00m8 x 6.50 mD Tonnage 1896 tons gross, 1015 tons net,
      191 words