The Business Times, 14 November 1991

Microfilm: NL17723
Total Pages: 50
1 50 The Business Times
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  • Title Section
    Masthead
    16 1 Business Times MCI (P) 16/12/90 Thursday, November L&vffi TYfff flr WrTT PAPER FOR S-E ASIA 75*
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  • NEWS SUMMARY
    • Article
      Mindanao hit by strong earthquake
      67 1 MANILA A strong earthquake struck Mindanao island in the southern Philippines yesterday but there were no immediate reports of damage or casualties. The tremor, which occurred at 1112 GMT, was registered at 6.2 on the Richter scale and could have caused heavy damage if it
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    • Article
      Maxwell: Accident probable, says lawyer
      61 1 LONDON British media tycoon Robert Maxwell probably died accidentally and may have struggled for hours in the sea after falling from his yacht last week. A lawyer for his family said yesterday evidence from doctors who examined the body suggested an accident was the most
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    • Article
      Assurance on capital
      17 1 A LEADING Japanese accountant has allayed fears over capital flows from Japan Page 2
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    • Article
      Tomy to suspend work
      30 1 JAPANESE toy-maker Tomy will suspend its labourintensive production in Singapore at the end of this month because of rising wages and chronic labour shortages Page 4
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    • Article
      Viet ventures available
      25 1 VIETNAM'S oil, manufacturing and consumer products sectors have been identified at a business symposium as promising prospects for Singapore investors Page 10
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    • Article
      US trade deficit to rise
      28 1 AMERICA'S foreign trade deficit is expected to worsen next year because of sluggish world demand, says US Treasury Undersecretary David Mulford Page 11
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    • Article
      HYY in class of its own
      25 1 THE Helsinki-based HYY group is unique its multi-million-dollar decisions are made by a couple of university students Page 13
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    • Article
      Bracing for rivals
      17 1 ORCHARD ROAD landlords and retailers are bracing themselves for the new competitors Page 15
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    • Article
      Magical figure looming
      33 1 WITH OVER 4.5 million TEUs (20-foot equivalent units) of containers handled in the first nine months, Singapore is close to seeing the sixmillionth TEU before 1992. Shipping Times Page 1
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  • MARKETS SUMMARY
    • Article
      Dow lower
      28 1 WALL STREET opened lower yesterday with the Dow Jones index of 30 leading industrials falling 12.52 points to 3,041.59 in the first five minutes of trading.
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    • Article
      Footsie lower
      27 1 LONDON shares were lower at midday yesterday. At about 1215 GMT, the FTSE 100Share Index was down 20.8 points, or 0.8 per cent, at 2,554.7.
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    • Article
      B Lintang on the move
      44 1 BATU LINTANG Rubber Co Bhd, which was only relisted on the Kuala Lumpur Stock Exchange on Oct 10, is embarking on a M 5244 million (Ssl49 million) acquisition programme to boost its cash flow and asset base Page 6
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    • Article
      Covered warrants offer
      16 1 CITY DEVELOPMENTS is offering 41 million to 46 million covered warrants. Page 6
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    • Article
      Mistake by Temasek
      23 1 TEMASEK Holdings Pte Ltd has mistaken its purchase of Sembawang Maritime Ltd shares for Steamers Maritime Ltd shares Page 6
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    • Article
      Secret accounts
      28 1 THE offering of Swiss-style numbered secret accounts by Sri Lanka, the first Asian nation to offer such accounts, appears James Bond-like in its operation Page 9
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    • Article, Illustration
      STOCK INDICES
      29 1 Wednesday Change BT-MGA 720.32 -4.04 Kuala Lumpur 555.85 -0.88 Tokyo 24,416.23 -251.50 Hongkong 4,240.28 -12.74 Sydney 1,669.01 -8.0 Tuesday Chance New York.. 3,054.11 +11.85 London 2,575.5 20.6
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    • Article
      CURRENCIES
      24 1 Exchange rates USS SS 1.6775 100 Yen SS 1.2894 MS SS 0.6114 Meaty market rates Overnight 3 11/16% +1/16 3-month 3 9/16 unch
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    • Article
      COMMODITIES
      37 1 I u nd oi Gold AM fix USS356.45 US$1.35 S'poreDec... 135.25«/kg -0.50 M'sia Dec 223.00*/lcg unch KL Tin Turnover 51 tonnes -9 Spot MSl4.74/kg -0.06 Crude palm oil Turnover 1,330 lots -70 Jan MS872 /tonne -2
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  • Article, Illustration
    Khamis declared bankrupt by S'pore High Court
    600 1  -  More creditors likely to scramble for payments By Dawn Tan SINGAPORE Moroccanborn businessman Elyamani Khamis, developer of debtridden Marina Village International, has been declared bankrupt by the High Court, it was learnt yesterday. Four years after he appeared in Singapore, Mr Khamis' hopes
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  • Article
    Recovery for chemicals sector unlikely to be before mid '92
    397 1  -  Byl Genevieve Cua, Lilian Ang SINGAPORE Depressed prices and slow demand continue to hound the chemicals industry, with no respite in sight until mid-1992. Suppliers of commodity chemicals, which include raw materials for plastics, say that business has dropped by
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  • Article
    Lock icon Asia just as important to US as Europe, says Bush
    302 1 Reuter NEW YORK President George Bush said on Tuesday that Asia was just as important as Europe to US security and prosperity and pledged to build a closer American partnership with countries on the Pacific rim. Mr Bush also said
    Reuter  -  302 words
  • Article
    Just who was behind the Van Der Horst surge?
    360 1  -  By Lee Han Shih SINGAPORE It is a likely story and the two companies named are also likely players. But unfortunately for those who bought the 10.5 million Van Der Horst (VDH) shares and warrants at rising prices yesterday, the prospect
    360 words
  • Article
    Jakarta bourse claims its first foreign victim
    456 1  -  From Maggie Ford inJAKARTA FALLING volume and collapsing prices on the Jakarta Stock Exchange have claimed their first foreign victim with the retreat from the market of joint-venture securities house PT CEF Andromeda Securities. CEF Andromeda, which only opened in March this year,
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  • Article
    Lock icon Kuwait has sold most of its liquid assets: bankers
    152 1 Reuter MANAMA, Bahrain Kuwait has sold off most of its liquid assets to raise US$3O billion (5550.4 billion) spent since Iraqi troops were evicted last February but long-term investments remain intact, Gulf-based bankers and economists say. Kuwait was forced to draw
    Reuter  -  152 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      254 1 1 ;'Burberrys t f > c >A <* I < Keigns when it pours Ad Marketing 15 Money Changer Rates 31 World Stock Markets 28 Arcraft Schedule 31 Money Market 29 Commodities 30 Regional News 10 Company News 6,7.8 Regional Stock Markets 27 For market indices, editorial, Crypbc Crossword 31
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      Page 1 Advertisements Column 2
      25 1 More reports on Pg 2: Manufacturing sector expected to weaken further Transport, communications may grow 7pc Latest reports from Apec meeting in Seoul, Pg 3
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      Page 1 Advertisements Column 3
      77 1 TOTAL TRANSPORTATION SERVICES CROWN&RACIFIC 36 Pioneer Rood Singopore 2262 Fax: 862 2840 Tlx: RS ***** CRWNPAC Tel: 861 6818 Amtim+akJ Hong Kong style refined Cantonese cwsme erf Grand Pavilion. Connoisseur* agree. Our chefs pamper your senses with a delectable variety of this world-renownedtaste. Delicacies prepared to he savoured. Each dish
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  • PAGE 2 NEWS
    • Article
      Manufacturing sector expected to weaken further
      942 2  -  Preview of Singapore's 3rd Qtr economic survey: manufacturing; transport and communications By Lilian Ang SINGAPORE The warning was sounded earlier this year, and the third-quarter economic survey results due tomorrow should bear out the predictions. The manufacturing sector, which put up a very subdued
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    • Article, Illustration
      Transport, communications may grow 7pc
      649 2  -  By Dexter Lee SINGAPORE Buoyed largely by the growing intraAsia trade, the transport and communications sector is expected to finish the year strongly with about 7 per cent growth. The figure is, however, down from the 8.8 per cent expansion recorded last year. Analysts' third-quarter
      649 words
    • Article
      Japanese overseas investment mil continue, says leading accountant
      442 2  -  Focus on Asia-Pacific region likely to be maintained By Salil Tripathi SINGAPORE Growing concern over the decline in Japan's current-account surplus, the greying of the Japanese population and the drop in the national savings rate are not sufficient reasons to warrant any
      442 words
    • Article, Illustration
      Officials drafting statement to break deadlock in Gatt talks
      560 3  -  Apec meeting Extra effort put in to re-start stalled Uruguay Round From Catherine Ong in SEOUL APEC officials were huddled in difficult negotiations last night over a statement to be issued today which could signal hope for the stalled Uruguay Round
      560 words
    • Article
      Lock icon Japan to make big cuts in some rice subsidies
      333 3 Reuter TOKYO Japanese finance ministry officials said on Tuesday they had urged the government to make big cuts in some rice subsidies paid to farmers. "Parts of the current rice subsidies system do not agree with reality. We cannot say how
      Reuter  -  333 words
    • Article, Illustration
      S'pore offers concessions to break Gatt deadlock
      376 3  -  From Catherine Ong in SEOUL SINGAPORE has offered concessions it describes as "the best right now in Geneva" to help break the deadlock in the Uruguay Round of global trade talks. Deputy Prime Minister BG Lee yesterday told ministers attending the third annual
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    • Article
      Singapore's electronic info service on show in Seoul
      262 3  -  By Colin Tan SINGAPORE An on-line information service that will help facilitate trade and investment between members of the Asia-Pacific Economic Cooperation forum is on display at Apec's third ministerial meeting in Seoul, South Korea. Referred to as the A pec Electronic
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  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      296 2 Yes, there's $1 Million to be won if you score a Hole-in- Another super Porsche 968 awaits the player who scores a One. The Courvoisier FCN $1 Million Hole-in-One tournament hole-in-one at a designated green on the back nine. Other fabulous will be Singapore's most exririno n k\jQ\ I prizes
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      Page 2 Advertisements Column 2
      193 2 INVITATION to a free seminar on HOW TO COMPUTERISE YOUR PAYROLL, PERSONNEL, FINANCIAL, SYSTEM THE SUCCESSFUL WAY EASY PAY is a leading payroll system with over 1,000 packages sokl in Singapore. I EASY STAFF personnel system is an award winning human resource package. EASY ASSET fixed assets system thai manages
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      Page 2 Advertisements Column 3
      18 2 Tomorrow: construction; financial services The curious poverty of the rich Japanese, Page 13 The Bottom Line, Pg 32
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      92 3 A MUST FOR EVERY SUCCESSFUL MAN! I |»<* gold hot-stamping with every purchase. IN (2) EXCLUSIVE VERSIONS: Please tick: Quantity Genuine Leather *****.00 per set Bonded Leather S$ 80.00 per set Complete your look of success with this exclusive set of diaries. They will definitely make their mark. And yours.
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      Page 3 Advertisements Column 2
      88 3 US remains tough on farm issues, Pg 11 Taman Perindustrian Cemerlang Phase 3 Open for Booking Now! Freehold Semi-Detached Terraced Factories In Johor Baru Land Area :31 GOsqM- 26.000 sq.ft. 860 2 Covered Area 3400sq.ft 8700 sq.ft. No restriction on foreign ownership Terrace factories: from M 5290,000 onwards View Models
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      Page 3 Advertisements Column 3
      18 3 THE LEADING EDGE IN LUGGAGE DESIGN RAM Foe Sales, Service Repairs PACIFIC RAM PACIFIC PTE LTD Phone 353*866
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  • SINGAPORE NEWS
    • NEWS ROUNDUP
      • Article
        Seminar on investing in Bangladesh
        60 4 THE Bangladesh High Commission will hold a seminar today on investment opportunities in Bangladesh. The seminar, at the Mandarin Hotel between 10am and 12.30pm, is part of a three-day visit by a 13-member Bangladeshi delegation to Singapore to promote investment in the South Asian country.
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      • Article
        Caltex, Shell diesel prices up
        37 4 CALTEX and Shell announced higher diesel pump prices of 1.6 cents a litre yesterday. The Caltex increase took effect from midnight last night while Shell raised its price from 10pm last night.
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      • Article
        Bavarian minister in town
        57 4 AUGUST LANG, the Bavarian Minister for Economics and Communication, will visit Singapore from today to Saturday. He and members of his delegation will meet Singapore's Minister for Communications, Mah Bow Tan, the Senior Minister of State for Trade and Industry, Lim Boon Heng, and the chairman
        57 words
      • Article
        Volunteers for the Philippines
        53 4 THE Singapore International Foundation will send its first team of volunteers to the Philippines tomorrow under its Singapore Volunteers Overseas programme. During its twoweek stint in Zambales, the three-member team will work closely with a Philippine medical group. The team is scheduled to return to Singapore
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      • Article
        SPH gives a boost to cagers
        50 4 SINGAPORE Press Holdings will give a cheque for $25,000 to the SSC/SPH/BAS Basketball Training Scheme tomorrow at the National Stadium conference room. The cheque will be used to fund the scheme for a third year, according to a statement from the Ministry of Communications.
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      • Article
        Lucozade drinks here safe
        63 4 CHRIS STRATTON, general manager of SmithKline Beecham Consumer Brands, said yesterday that all Lucozade drinks sold in Singapore were produced here and were not, therefore, affected by a scare in the United Kingdom over contaminated bottles. The parent company, meanwhile, has asked ail outlets in London
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      • Article
        Health fair
        89 4 A HEALTH FAIR and blood donation will be held on Sunday, Nov 17, at the Chong Boon Community Centre from 9.00 am to 4.00pm. It is jointly organised by the Chong Boon Community Centre and the Training and Health Education Department, Ministry of Health. Besides the blood donation
        89 words
    • Article, Illustration
      Toy-maker Tomy to suspend production here
      632 4  -  Rising wages, staff shortage prompt move to Hongkong, Thailand From Koichi Ishiyama, Lilian Ang in SINGAPORE A MAJOR Japanese toy manufacturer has decided to suspend its labour-intensive production in Singapore at the end of this month due to rising wages and chronic labour shortages.
      632 words
    • Article
      IBIS to set up Asia-Pacific office in Singapore
      261 4 THE London-based bankingsoftware house International Banking Information Systems (IBIS) will set up its Asia-Pa-cific office here during the first quarter of 1992. Patricia Drakes, chief executive and managing director of IBIS, said the office would function as a sales-and-support centre for clients
      261 words
    • Article
      More than half of UOB Plaza's office space taken
      263 4 EVEN before its completion in mid-1992, the 66-storey UOB Plaza already has more than half of its office space pre-committed. Its list of tenants include Arab Bank, Credit Suisse, Kay Hian James Capel, Khattar Wong Partners, Long Term Credit Bank of
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      90 4 A BOiD DEVELOPMENT < SB i \=l mk P 'WW* SiPs v|y i SEplI v 1 «§§!> BBSS* yf v. m&\ ~MJ£wr4 <•'mm 111 g| 41 Easy access via ECP and AYE 5-minute walk j v from Taiyong Pagar MKT Column-free office j Jk e space Computerised building management *»Sr
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      Page 4 Advertisements Column 2
      237 4 I BllilM The Straits Times Waekly Overseas Edition. Acrisp summary of happenings in Singapore. Politics, the X 1 economy, investment opportunities, appointments... And snippets on Malaysia arvd v Aseaa A convenient tabloid delivered y*VSu^\ to you everyweek, whereever you may be. Subscribe now. 0< y And be in touch. Making
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      78 5 The same lavish service your Delaneau would receive in Switzerland s now n Singapore a t R°y Eastern. sist.*x If. i 1 v,. v yt/,-v.v v ''*A vV V-: v x v T» v\ L ,0 d Mon X' v'' i£A y v^A v vN >' mi f '*M,'i '~*^j
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  • COMPANY NEWS 1
    • COMPANY BRIEFS
      • Article
        Amcol chairman raises stake in company
        57 6 SINGAPORE Mr Henri Chotlet, chairman of Amcol Holdings Ltd, on Tuesday bought 100,000 Amcol shares for $2.20 a share. This brings his stake to 906,035 shares, or 0.45 per cent of Amcol. On Tuesday, almost 5.5 million Amcol shares were traded between a high
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      • Article
        Bernard Chen on ICS board
        62 6 SINGAPORE Mr Bernard Chen, recently moved from Fraser Neave (S) Pte Ltd to head Intraco Ltd, was appointed on the board and the audit committee of the Insurance Company of Singapore on Tuesday. The other members of the audit panel are Messrs Lai Chun Loong,
        62 words
      • Article
        Lee Wah sells its UOL TSRs
        40 6 SINGAPORE Lee Wah Bank, a member of the United Overseas Bank group, on Tuesday disposed of its entire stake of 500,000 transferable subscription rights of United Overseas Land for $361,000, or 72.2 cents apiece.
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      • Article
        More CityDev shares sold
        66 6 SINGAPORE Mr George Teo Gek Swee and his wife have sold 100,000 shares of City Developments Ltd at $3.92 apiece, and Mr Wong Weng Foo sold 25,000 CityDev at the same price. Both deals took place on Monday. On Tuesday, Mr Ng Thin Teng sold 10,000
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      • Article
        SCS shares listed tomorrow
        30 6 SINGAPORE Singapore Computer Systems Ltd's shares will be listed on the Stock Exchange of Singapore tomorrow under the industrial and commercial sector, the company said yesterday.
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      • Article
        Imatex revises purchase price
        60 6 KUALA LUMPUR Imatex Bhd has revised the purchase price of a 100 per cent stake in Automative Corporation (M) Sdn Bhd to MS22O million from Ms2so million. Imatex will satisfy the acquisition by issuing and alloting 220 million new shares of Msl each in "Newco", Amanah
        60 words
    • Article
      Batu Lintang banks its future growth on diversification
      803 6  -  From William Chia in KUALA LUMPUR ONCE ailing property company Batu Lintang Rubber Co Bhd is embarking on a massive M 5244 million (Ssl49 million) acquisition programme to strengthen its cash flow and asset base. Since taking over at the helm in
      803 words
    • Article
      CityDev covered warrants in the offing
      413 6  -  By Magdalene Ng SINGAPORE Derivative financial instruments are getting more popular in the region, with an increasing number of covered warrants being issued, the latest being a proposal on the shares of City Developments Ltd, one of Singapore's prime property companies. American investment house
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    • Article
      Lock icon Uniphoenix in tie-up to set up film plant
      205 6 Bernama KUALA LUMPUR Uniphoenix Corp Bhd has entered into a joint-venture agreement with two South Korean companies to set up a Ms3o million (5518.3 million) bixally-oriented polyprophylene (BOPP) film manufacturing plant here. Uniphoenix will hold a 60 per cent stake in the
      Bernama  -  205 words
    • Article
      Temasek mistook Sembawang Maritime shares for Steamers
      282 6  -  By Lee Han Shih SINGAPORE Government investment arm Tenia- sek Holdings Pte Ltd has apparently been so busy in the <a stock market in recent days that, in one instance, it even, mistook the shares it bought Steamers Maritime Ltd yesterday asked the
      282 words
    • Article
      Lock icon Financial services remain AMMB's core business
      210 6 Bernama KUALA LUMPUR Financial services will continue to remain the core business of AMMB Holdings Berhad (AHB), the new holding company formed for the Arab Malaysian Merchant Bank group, chairman Tan Sri Azman Hashim said yesterday. He said financial services is an area the
      Bernama  -  210 words
    • Article
      Why Hongkong's tycoons are buying into Amcol
      716 6  -  THE HOCK LCCK SIEW COLUMN By William Chia SINGAPORE Amcol Holdings, which has been languishing since its former managing director Kang Hwi Wah ran foul of the authorities in August, is once again the darling of investors, following its link-up with powerful Hongkong
      716 words
    • Article
      UK's Cable & Wireless in Manila tie-up
      355 7  - UK's Cable Wireless in Manila tie-up Move seen as a challenge to Philippine Long Distance Telephone Co From Al O Labita Jr in MANILA LONDON-BASED Cable Wireless pic has established a joint venture company in Manila, a move viewed by industry analysts as being meant to challenge corporate behemoth Philippine
      355 words
    • Article, Illustration
      Lock icon Foster's boardroom brawl ends in compromise with Elliott
      423 7 Reuter MELBOURNE A boardroom brawl for control of one of the world's biggest brewers ended yesterday when former Foster's Brewing Ltd chief executive John Elliott agreed not to oppose the election of independent directors. After weeks of public bickering, Foster's chairman Nobby
      Reuter  -  423 words
    • Article
      Lock icon Japanese move into E Germany will take time: Sony chief
      268 7 Reuter BERLIN Electronics giant Sony and other Japanese investors will move into struggling east Germany but it may take some time, according to Sony's chairman. "We will build factories (in eastern Germany) without any doubt, so will other Japanese companies.
      Reuter  -  268 words
    • Article
      Gold Peak reports interim profit of HK$41m
      283 7 HONGKONG Hongkong's Gold Industries (Holdings) has reported a 22 per cent increase in profit to HK.S4I million (SSB.7 million) for the six months ended Sep 30, compared with HK533.6 million a year earlier, the South China Morning Post reported. The encouraging results were
      283 words
    • Article
      Taipei electronic firm to widen Thai products
      309 7 BANGKOK Cal-Comp Electronics (Thailand) Co is likely to move more of its production lines to Thailand from Taiwan to take advantage of lower production costs, the Bangkok Post reported recently. Cal-Comp (Thailand), a subsidiary of Taiwan's CalComp Electronics Inc, is waiting to see
      309 words
    • Article
      Lock icon MIM shareholders give nod for Cominco stake
      186 7 AP BRISBANE Mining conglomerate MIM Holdings Limited was given the green light by shareholders here on Tuesday to double its stake in Canadian miner Cominco Limited. Shareholders gave their approval at the company's annual general meeting for MIM to buy the 11.25 per
      AP  -  186 words
    • COMPANY BRIEFS
      • Article
        Jardine Strategic gains Australian listing
        74 7 HONGKONG Jardine Strategic Holdings Ltd said it has* gained listing on the Australian Stock Exchange and trading, in its ordinary and preferred shares is expected to start on. November 14. Jardine Strategics four main holdings, Dairy Farm International Holdings Ltd, Hongkong Land Holdings Ltd, Jardine
        74 words
      • Article
        Ikegami cuts parent forecast
        121 7 TOKYO Ikegami Tsushinki Co Ltd said it cut its parent current profit forecast to 64 million yen (*****,200) for the six months ended September 30, 1991, from a previous May forecast of 1.3 billion yen, against 916 million yen a year ago. The broadcasting equipment maker
        121 words
      • Article
        Consolidated Press to sell ANI stake
        127 7 SYDNEY Consolidated Press Holdings Ltd said it has." arranged to sell its entire 30 per cent stake in heavy engineering group Australian National Industries Ltd. A spokesman for Consolidated Press said details could not be confirmed, as the sale of the 175.6 million shares
        127 words
      • Article
        Mayne Nickless is optimistic
        99 7 MELBOURNE Transport, security and health care group > Mayne Nickless Ltd said it expects higher revenue and earn- ings from its North American and British transport operations in the future. Chairman Bruce Redpath told the annual meeting that the overseas operations had continued to im- prove
        99 words
      • Article
        Nutrasweet challenges EC duties
        120 7 BRUSSELS US firm Nutrasweet Co, a Monsanto unit, < and Japan's Ajinomoto Co Inc have challenged EC dumping duties on aspartame sweetener before the European Court of Justice, the Official Journal said. The EC imposed I; definitive duties of 27.21 ECUs per kg for the Japanese
        120 words
    • Article
      Lock icon Major US retailers post weak third quarter profits
      441 8 Reuter CHICAGO J C Penney Co Inc, the nation's biggest clothing retailer, reported a 13.4 per cent drop in thirdquarter earnings on Tuesday, setting the pace for what analysts expect to be a sluggish Christmas shopping season. Speciality retailer, The Limited Inc,
      Reuter  -  441 words
    • Article
      Lock icon Matsushita settles US tax dispute
      493 8 Case may set precedent for other Japanese companies AP TOKYO A negotiated set- < tlement between Washington and Tokyo on a tax dispute involving a Japanese compa- < ny may encourage other Jap- < anese firms to seek similar settlements, according to i business consultants
      AP  -  493 words
    • Article
      Lock icon Maxwell to sell computer book unit to Paramount
      292 8 AP NEW YORK Maxwell Communication Corp agreed on Tuesday to sell its computer book division to Paramount Communications Inc for U*****.5 million (*****.6 million), in the British publisher's latest divestment to reduce its debt. Maxwell Communication has been under intense scrutiny in
      AP  -  292 words
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      95 6 Hock Lock Siew, this page C. T. HOO Singapore #01-22 Taagfia Shopping Carta, Smgapara 1024. Tat *****47, *****43. TIME-BASED CHARGING STARTS DECEMBER 1 your customers by on flouncing your toll-froo phono lorricoi I The Straits Times H The Sunday Times H Business Times I The New Paper Berita Hari'an Berita
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      53 7 t* In Asia's bustling cities, the renowned hospitality of Shangri-La hotels awaits you .....where the American Express 9 Card is always Sfj hospttjbk recrpci Membership Has Its Privileges" SHANGRI-LA INTERNATIONAL HH |£ONb»PNI HOTELS ..'RESORTS Don't leave home without it! BALI- BANGKOK BEIJING FIJI HANGZHOU HONG KONG KOTA KINABALU KUALA LUMPUR
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      272 8 THE FUTURE OF BUSINESS BEGINS COMPLETED IN MID-1992. ALEXANDRA POINT WILL BE AMONG THE FIRST OFFICE BUILDINGS IN SINGAPORE TO INCORPORATE INTELLIGENT FEATURES AND FIRST CLASS SERVICES TOGETHER WITH ITS TWO PROPOSED INDUSTRIAL BLOCKS. a i BUM YOU WILL BE ABLE TO ENJOY THE SYNERGY OF HAVING ALL I A
      272 words
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      Page 8 Advertisements Column 2
      359 8 TBLBPHONB: 7 30-577 1/3772/5773 PAX: 734-4912 LIQUOR LICENCE NOTICE NOTICE IS HEREBY GIVEN tat, I, HooKooo Que of BkS6 New Upper Ckqgi Road 101-1314, Siqgqx>re 1646, haw applied for a Beer Hove, first Class licence respect of premiwa at MA Ripples Karaoke Lounge at 5 Joo Chiat Place, Sagapore ISC
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  • FINANCIAL NEWS
    • Article, Illustration
      Sri Lanka offers secret accounts
      675 9  -  First Asian nation to offer Swiss-style numbered accounts From Salil Tripathi in COLOMBO ABOUT a month ago, Mr Neville Karunatilleke, the Harvard-trained governor of Sri Lanka's Monetary Board (the central bank) looked around his table at a special-ly-convened meeting to discuss the performance of numbered
      675 words
    • Article
      Simex moves to boost Nikkei futures trade with Chicago, Osaka
      252 9  -  By Shoeb Kagda SINGAPORE To facilitate inter-exchange trading, the Singapore International Monetary Exchange yesterday announced that beginning with the June 1992 contract, the last trading day and the final settlement price of Simex Nikkei Stock Average Futures will be the
      252 words
    • SMALL CHANGE
      • Article
        Drexel wants Milken to pay firm's penalties
        111 9 NEW YORK Drexel Bumham Lambert Inc asked a federal judge to force Michael Milken to pay the firm's fines stemming from his illegal conduct and return more than US$l billion in compensation and investment earnings. Lawyers for the collapsed investment firm said on
        111 words
      • Article
        Citicorp to consolidate networks
        76 9 NEW YORK Citicorp said it would begin consolidating its more than 100 telecommunications networks in 1992, a strategy which will yield substantial cost savings in the first year and US$lOO million a year in the medium term. Citicorp chairman John Reed said the plan positions its
        76 words
      • Article
        NZ's United Bank not for sale
        73 9 AUCKLAND New Zealand's United Bank Ltd and its parent State Bank of South Australia Ltd have received "heaps" of expressions of interest to buy United, the chief executive of United, Paul Young, said. "We've had heaps of approaches from various banks to see if
        73 words
      • Article
        Japanese buy more foreign bonds
        65 9 TOKYO Japan's 18 investment trust companies bought a net 153.95 billion yen of foreign bonds in October, up 42.7 per cent from September's 107.88 billion yen net purchase, the Investment Trust Association of Japan said. Gross purchases totalled 982.32 billion yen in October against 835.75
        65 words
    • Article
      Lock icon Barings to acquire 40pc of Dillon Read
      247 9 FT NEW YORK Barings, the London-based merchant bank, yesterday confirmed it had agreed to buy 40 per cent of Dillon Read, the Wall Street investment bank, as part of a US$ll7 million (Ssl9B million) sale of Dillon Read by Travelers, the troubled US
      FT  -  247 words
    • Article
      Lock icon Nippon Life set to buy insurance firm
      190 9 Reuter TOKYO Nippon Life Insurance Co said it plans to buy New England General Life Insurance Co and establish a new US unit to offer life and medical insurance policies and pension services for Japanese companies in the US. Nippon, Japan's top life
      Reuter  -  190 words
  • Page 9 Advertisements
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      256 9 You 65 box files IfHHHfeni^Bßßfi MTU TlllS UISKi EH in ->^v^ I jy I ft I !S a HHSH r m W i 1 8 g^—^\!T''^^^r ■B^^ r T^SBISP" B I B i AMWy 1 gj CANOFILE STORES 13,000 DOCUMENTS ON A SINGLE DISK. OCQ 1 Utter the magic word
      256 words
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  • THE REGION
    • NOTE BOOK
      • Article
        Loss of life in E Timor regrettable: UN chief
        151 10 NEW YORK UN secretary-general Javier Perez de Cuellar said on Tuesday he deplored the loss of innocent lives in East Timor, where Indonesian soldiers opened fire on a crowd at a cemetery, killing or wounding dozens of people, according to witnesses.
        151 words
      • Article
        Call for increased park areas
        92 10 KUALA LUMPUR The Wildlife and National Parks Department (Perhilitan) wants the area gazetted as national parks in Peninsular Malaysia increased from the present 6 per cent to 10 per cent. "Ten per cent will be just perfect," its director-general, Mohd Khan Momin Khan, told reporters
        92 words
      • Article
        Hanoi warned of Japanese mafia
        78 10 HANOI Japan has warned Vietnamese authorities of possible attempts by Japanese organised crime to infiltrate their country, most probably to enslave women for prostitution, a Ho Chi Minh City newspaper report said. Japan's embassy here has told Vietnam's Foreign Affairs Ministry about the activities of
        78 words
      • Article
        Manila reserves hit record high
        93 10 MANILA Gross international reserves of the Philippine Central Bank surged to a record high in October, hitting US$3.B billion (556.4 billion) against US$l.93 billion in October 1990, bank statistics showed. The latest gross reserves are 12 per cent higher than the September level of US$3.3B
        93 words
      • Article
        One more year for Indon lottery
        65 10 JAKARTA The government has decided to continue a state-sponsored lottery for another year despite growing protests from Muslims, who oppose any kind of gambling, a senior official said on Tuesday. Admiral Sudomo, coordinator minister for political affairs and security, said the lottery still is
        65 words
      • Article
        Strength of UN peace force
        79 10 CANBERRA Between 5,000 and 10,000 men will be required for the United Nations peace-keeping force in Cambodia, the Australian general named as commander said here on Tuesday. Major General John Sanderson, 51, was nominated by UN secretary-general Javier Perez de Cuellar to head the military
        79 words
    • Article
      Indonesia won't export cement despite surplus
      298 10 JAKARTA Indonesia will not export cement until the end of next year in spite of its surplus in production, the Jakarta Post reported yesterday. The chairman of Indonesian Cement Association (ASI), Setiadi Dirgo said that the cement production would reach about 17.6 million tons
      298 words
    • Article, Illustration
      Three Viet sectors look promising, symposium told
      486 10  -  Prospects good for oil, manufacturing and consumer products By Harish Mehta SINGAPORE Vietnam's oil, manufacturing and consumer products sectors hold promising prospects for Singapore investors, a business symposium was told yesterday. Mr W Gage McAfee, a lawyer who is a partner in Coudert
      486 words
    • Article, Illustration
      In dire straits
      51 10 SANDY CAPE, Australia Almost 200 pilot whales lying stranded on a remote beach here in north-western Tasmania on Tuesday. The whales that had not already perished when they came ashore were put down early yesterday. Wildlife officers believe the whales beached themselves chasing fish in a feeding
      51 words
    • Article
      Lock icon French arms makers aiming to expand business in S-E Asia
      536 10 AFP LANGKAWI French arms manufacturers, tired of playing second fiddle to the US in the Middle East, are looking to South-east Asia as a major market of the future. In Malaysia's first naval and air exposition that opened here on
      AFP  -  536 words
    • Article
      Thai exports expected to rise by 6.38pc next year
      325 10 BANGKOK Thailand's exports next year are expected to rise by just 6.38 per cent over this year's figure to 750 billion baht (5549.3 billion) because of the global economic recession, says a Bangkok Post report. The paper said the initial forecast
      325 words
    • Article
      US reluctant to review Philippine textile quote
      417 10  -  From Al O Labita Jr in MANILA WASHINGTON has given a cool reception to Manila's request for a higher garments quota, apparently in retaliation to the Philippine Senate's rejection of a prolonged stay by US military forces. The Philippines wants a 30 per
      417 words
    • Article, Illustration
      Lock icon Manila asks ADB to channel loans to private sector
      265 10 Reuter MANILA The Philippines has asked the Asian Development Bank (ADB) to grant further concessional loans for the reconstruction of areas ravaged by recent natural calamities and to channel loans to the private sector. "Due to current budgetary difficulties, (we seek)
      Reuter  -  265 words
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      17 10 "3fe ANDGET FAST EFFECTIVE RELIEF! Sote Distributor Summit Co (S) Re Ltd Available at all leading pharmacies.
      17 words
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      Page 10 Advertisements Column 2
      89 10 r "Z" USA USA USA A Bilingual Speaking Trader (Chinese's American) who has good experiences in exportation of canned foods, grocery items, cars and electronics is looking for a trading partner or accounts. Please contact: JOHNNYS. LEE I ***** Portofino Circle San Leandro, CA *****, UiA I Fax: (415) 351-0278
      89 words
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  • THE WORLD
    • Article
      Lock icon US expects foreign trade gap to worsen next year
      528 11 Forecast follows four years of narrowing deficit Agencies WASHINGTON The US foreign trade deficit, which has been improving for the past four years, is expected to worsen next year as sluggish world demand dampens American export growth. US Treasury Undersecretary David
      Agencies  -  528 words
    • Article, Illustration
      Lock icon Gorbachev warns of unrest unless economy is controlled
      459 11 Reuter MOSCOW Soviet President Mikhail Gorbachev has warned of serious destabilisation unless the country's economy is brought under control and implicitly criticised Russian leader Boris Yeltsin's plan to free prices. Addressing a news conference on Tuesday to launch his book on the
      Reuter  -  459 words
    • Article
      Lock icon Poland wooing foreign investors in oil sector
      237 11 Agencies LONDON Poland is talking to 26 leading oil companies about investing in its oil industry when the sector is privatised next year. The visiting Polish Secretary of State for Privatisation, Jacek Siwicki, said on Tuesday that he had offers ranging from taking
      Agencies  -  237 words
    • Article, Illustration
      Lock icon US remains tough on farm issues
      461 11 Remarks by Americans, French dampen hopes for progress in dispute AFP ROME The US is not prepared to be flexible on some elements of agricultural negotiations in the Uruguay Round of multilateral trade talks, American Agriculture Secretary Edward Madigan said on Tuesday. French Agriculture
      AFP  -  461 words
    • Article
      Lock icon Germany plans modified withholding tax
      390 11 Reuter FRANKFURT The Bonn government, learning from past mistakes, plans a new withholding tax on investment earnings that should ensure that the capital Germany sorely needs to pay for unification remains in the country. Under orders from the highest court in the land to tax
      Reuter  -  390 words
    • Article
      Lock icon Foreign banks doubtital about Indian reforms
      358 11 Reuter NEW DELHI India says its next move to loosen the economy should give foreign banks a bigger stake in the potentially lucrative commercial banking sector but diplomats and some foreign bankers are doubtful reforms can go as far as they would like. Financc
      Reuter  -  358 words
    • Article
      Lock icon Japan trade surplus more than doubled last month
      327 11 Reuter TOKYO Japan's trade surplus more than doubled last month from a year earlier as imports slumped and economists warned that the politically embarrassing trend may continue for at least another five months. The Ministry of Finance said yesterday that the surplus
      Reuter  -  327 words
    • WORLD WATCH
      • Article
        US agency to insure ventures in USSR
        81 11 WASHINGTON A US federal agency has agreed to provide up to US$lOO million (SS 167.8 million) in insurance coverage to an American fund that plans to invest in the Soviet Union, the agency's president Fred Zeder said on Tuesday. The Overseas Private Investment
        81 words
      • Article
        Nordic states to discuss Baltics
        72 11 MARIEHAMN, Finland The five Nordic countries, divided in their approaches to European integration, met on Tuesday to try to revive their traditional cooperation and discuss ties with the newly-independent Baltic states. Freedom for the Baits, upheaval in Extern Europe, the approach of the European Community's
        72 words
      • Article
        Dhaka hit by unrepaid loans
        86 11 DHAKA Bangladesh's depressed economy is hostage to a handful of loan defaulters, Finance Minister Saifur Rahman was quoted yesterday as saying. Bank loans worth millions of takas granted during the rule of deposed President Hussain Mohammad Ershad remain outstanding. The government has called repeatedly since
        86 words
      • Article
        Bankruptcies jump in Japan
        78 11 TOKYO Corporate bankruptcies in Japan last month jumped 27 per cent from September to top 1,000 cases for the first time in four years, a private credit research institute said yesterday. Business failures in October totaled 1,071 cases, the highest level since October 1987 when the
        78 words
      • Article
        Iran, Qatar plan pipeline
        101 11 DUBAI Iran and Qatar are considering a massive project to pipe Iranian water 2,000 km overland and then across the Gulf to Qatar, the newspaper al-Khaleej reported. The alKhaleej an Arabic language daily published in Shaijah, quoted Iranian and Qatari sources as saying the project could
        101 words
      • Article
        Nigeria's new export zone
        71 11 LAGOS Nigeria is hoping to attract local and foreign businesses to an export processing zone near its south-eastern port of Calabar. The government plans to develop about 300 hectares of land beside the city's port where businesses would enjoy a range of incentives to produce goods
        71 words
    • Article
      Lock icon US may propose Washington as M-E talks venue
      296 11 AFP WASHINGTON The US will propose in the next few days that the second stage of the Mideast peace talks be held in Washington probably early next month, The Washington Post said yesterday. Citing unnamed US officials and diplomatic sources, it also
      AFP  -  296 words
  • Page 11 Advertisements
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      71 11 With our well trained professional collectors collection may be V f 7%*^ effected within hours. .a! Collection strategics well executed produce immediate results, j i improved bottom line. ii Collection done legally made </ J available to you through Renown.' r/J**' A member of the American I collectors Association. I
      71 words
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      9 11 Taiwan urged to raise value of currency, Pg 29
      9 words
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      5 11 D-mark seen firmer, Pg 29
      5 words
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      Page 11 Advertisements Column 4
      123 11 U FURNISHED 1 I EXECUTIVE OFFICE I I WITH EVERYTHING I I FROM ATO Z! I And it's as easy as ABC. Just move in and I Our "ready-made" executive offices come H H with full business support facilities H secretarial services, conference room, H answering service, fax, copier, telex,
      123 words
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  • Article
    Holistic greening
    440 12 EDITORIAL CLEAN and Green Week has served the purpose of refocusing Singapore's effort to be environmentally sound, which in this case means reducing our impact on the immediate environment and incorporating an environmental ethic into daily life, thus improving its ultimate quality. That these measures are led by
    440 words
  • WHAT THE OTHERS SAY
    • Article
      Searching for a future
      238 12 THERE IS LITTLE DOUBT that economic issues figured heavily in the recent rapprochement between Vietnam and China. With the Soviet Union neither inclined nor able to underwrite Vietnam any more, Hanoi is desperate for international help for its economy. As for Beijing, the northern Vietnamese port
      238 words
    • Article
      Nato's new role
      114 12 rHE END of the Cold War does not spell the demise of Nato. Rather, it gives Nato a new role in meeting the strategic needs of Europe and in maintaining a balance of power. Despite the latest move towards the creation of a Franco-German military alliance, many
      114 words
    • Article
      Aim to change habits
      143 12 ON ENVIRONMENT PROTECTION, Singapore's problems are somewhat different from other developing countries which have to clear forests for development and at the same time protect their natural environment. Singapore's environment protection movement should aim at correcting some everyday habits of the people which are harmful to
      143 words
  • REGIONAL VIEWPOINTS
    • Article
      Decide the rice issue now
      174 12 IT IS NOT in the interest of Japan to further defer waking a decision on the opening of the rice market. In the Uruguay Round talks, a proposal is gaining ground for transforming all non-tariff barriers to farm imports into tariffs. In this country, on
      174 words
    • Article
      Wait till they tumble
      212 12 IT WOULD BE FOLLY for the US to concede anything based on the promises James Baker might detract from China's rulers during his three-day visit to Beijing beginning Friday. It is already concession enough that the US government should grace Beijing with this highest-level visit since
      212 words
    • Article
      No foreign troops
      136 12 UNLIKE OTHER South-east Asian countries, Indonesia has never invited foreign troops to solve local problems. The use of any facilities by foreign countries for military purposes elsewhere in Southeast Asia has been frowned upon for a long time, let alone the presence of a foreign military base.
      136 words
  • Article, Illustration
    Watch Asian influence grow in the Pacific Century
    1027 12  -  Brigadier-General (Res) George Yeo, Minister for Information and the— Arts and Second Minister for Foreign Affairs, says the world wi11... George Yeo THE economic, social and political transformation of East Asia, from Japan and China in the north to Indonesia in the
    1,027 words
  • Page 12 Advertisements
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      131 12 DO YOU HAVE WHAT IT TAKES TO BE A GENERAL MANAGER? If you do, then SINGAPORE BUSINESS invites you to send in your application for this highly prestigious award the SINGAPORE BUSINESS OUTSTANDING MANAGER AWARD 1991. This award is open to all Singapore citizens and permanent residents aged 25-35 years
      131 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      36 12 DOONESBURY BY GARRY TRUDEAU next our we sohou ahjhilz. TO ■KICK, rrs'm HOT. 50MmN6\ DAN LON6HAV& IMWi, MeeTU/ITH UtVBN ABOUT aw I VOUBttH MHO 7 jT" TZJzi a sourc3 aaocK amzs pea I right. se&N6 \ft
      36 words
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  • ANALYSIS
    • Article
      The curious poverty of the rich Japanese
      879 13  -  The Japanese have all the money but lack the quality of life. Harish Mehta reports on their grouses Harish Mehta ONE OF Japan's biggest ironies is that its affluent people do not consider themselves to be affluent in spite of earning the highest
      879 words
    • Article, Illustration
      Where students call the shots
      1275 13  -  Sharon Lau reports on a unique Finnish business group in which university students make multi-million-dollar decisions Sharon Lau The writer is a Geneva-based journalist who contributes to BT TAPIO Kiiskinen, president and chief executive officer of a multi-million dollar business in Finland, is in a
      1,275 words
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  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      256 14 'Vl 4 O *•>* \§r «n»* WHEN IT COMES TO SAfETY INSURANCE, THE WORLD'S MOST ADVANCED LUXURY CAR PROVIDES AN OPEN DOOR POLICY THE BMW 7 SERIES. Cosseted as they are, the Should the unexpected happen, the system takes only a that you are always given maximum support, no matter
      256 words
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  • ADVERTISING & MARKETING
    • Article, Illustration
      Getting ready for the retail crunch
      763 15  -  Hong Lee Tiam finds out what Orchard retailers and landlords are doing to meet the challenges ahead Hong Lee Tiam ORCHARD Road landlords and retailers, fearful of the influx of big foreign department stores, Are jostling to re-position themselves to meet the challenges ahead.
      763 words
    • Article
      Finding ways to stand out in sea of competition
      351 15  -  By Sylvia Wong AS THE competition in the retail scene heats up, retailers will be hard put to find new ways to stand out in the market. New trends are expected to emerge as a result. In the latest issue of
      351 words
    • Article
      Girard-Perregaux spending $1m to re-establish presence in S'pore
      329 15  -  The Swiss luxury watch maker is planning an ad blitz aimed at the upper bracket, reports Sangeeta Mulchand Sangeeta Mulchand LUXURY watch retailer Girard-Perregaux is turning its attention to the local market, wooing Singapore's upper bracket with a $1 million advertising and
      329 words
    • Article
      Lock icon Amex pushes idea of consumer freedom
      487 15  -  It may soon be alright to leave home without it, says Stuart Elliott Stuart Elliott NYT THE American Express Co will spend substantially more than usual in the next six weeks to present its new advertising campaign from Chiat/Day/ Mojo Inc, which will try
      NYT  -  487 words
    • Article
      COPY LINES
      185 15 SINGAPORE The mtional Computer Bojfld (NCB) is organising t sejnar and exhibition for Afessionals in the adverting industry called in Advertising". The e*®t to be held on Nov 27 w show the audience how t*r can use information ogy to better manage tißr business and provide bey service
      185 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      764 15 THE TOYO TRUST BANKING CO., LTD. (INCORPORATED IN JAPAN) TRUST NON-CONSOLIDATED BALANCE SHEET I NON-CONSOLIDATED STATEMENT A* at 31st March 1991 and 1999 OF INCOME BANKING ACCOUNT For ended March, 1991 and 1990 MUlto. ill yai MMta.olYg, mi logo tariff IKI 1990 Cash and Due from Banks 1,930,528 1,624,383 Trust
      764 words
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  • SPORTS 1
    • Article, Illustration
      Lock icon Keep Magic in the mainstream
      874 16  -  Harvey Araton on the true beauty of Magic Johnson and his valuable contributions to his team Harvey Araton NYT NO ONE has ever used the clock better than Magic Johnson. No one has ever been as resourceful in getting his point across, given the constraints
      NYT  -  874 words
    • Article
      Lock icon IOC members beyond bribery: official
      413 16 Reuter, AP ATLANTA Members of the International Olympic Committee are "princes and princesses" and therefore beyond bribery, said Andrew Young, co-chairman of the Atlanta Olympic committee. Young, a former mayor of Atlanta, made the remark on Tuesday as part of the continued denial of claims
      Reuter,; AP  -  413 words
    • Article, Illustration
      Lock icon Aggressive Agassi ousts Becker
      561 17 ATP Tour World Championships AP FRANKFURT Andre Agassi used blistering returns on Boris Becker's serve on Tuesday to beat the German 6-3, 7-5 and begin the defence of his ATP Tour World Championships title. Earlier, Jim Courier came from behind to beat Karel Novacek 6-7 (8-6),
      AP  -  561 words
    • Article
      Lock icon Forget, Leconte in French Davis Cup team
      217 17 AP PARIS Henri Leconte, struggling to rebound from back suigery, was named on Tuesday along with two less-er-known players to join No 6 ranked Guy Forget on the French team that will face the United States in the coming Davis Cup final. The
      AP  -  217 words
    • SIDE LINES
      • Article
        Fernandez goes down to Daniels
        66 17 INDIANAPOLIS Qualifier Mary Lou Daniels ended Gigi Fernandez's bid for a spot in next week's US$l million Virginia Slims Championships by beating the Puerto Rican 6-4 6-1 in the first round of the US$l5O,OOO Jell-O Classic women's tennis tournament on Tuesday. Top seeded Katerina Maleeva
        66 words
      • Article
        Schwarz holds rivals at bay
        100 17 LLORET DE MAR, Spain Armin Schwarz of Germany in a Toyota held his rivals, including charging Finn Juha Kankkunen, at bay on the third day of the Spain-Catalonia rally on Tuesday. After 28 stages, Schwarz was still almost three minutes ahead of Frenchman Francois Delecour
        100 words
      • Article
        Navratilova sues lawyer
        79 17 FORT WORTH, Texas Martina Navratilova sued her former attorney and his corporation on Tuesday, alleging they misguided her when she signed a non-marital contract with Judy Nelson she says she did not fully understand. Loftin now represents Nelson, who brought a "palimony" lawsuit against the tennis celebrity
        79 words
      • Article
        Fenech charged with assault
        68 17 SYDNEY Three-time world boxing champion Jeff Fenech was charged yesterday with assault after allegedly attacking the owner of a Sydney fruit shop. Fenech, 27, was charged with assault, assault occasioning actual bodily harm and violent disorder. He and two other men were released on bail and
        68 words
      • Article
        Mr Consistent strikes again
        90 17 KAUAI LAGOONS, Hawaii There's nothing flashy about lan Baker-Finch, and why should there be. He does just fine being Mr Consistent. Baker-Finch, the British Open champion, played a steady if unspectacular round on Tuesday, shooting a 4-under-par 68 for a I-shot lead in the US$l million
        90 words
    • Article
      Lock icon Pakistan loses to England in World Squash meet
      336 17 AFP HELSINKI Pakistan, four times champions in the 1980s, went down to a shock 2-1 defeat to England on the opening day of the World Squash Championships here on Tuesday. The shock was not the performances but the controversial Pakistani selections. The
      AFP  -  336 words
  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      324 16 The Volvo 960 now comes with a In 'Performance' mode, every ounce force of a side-on collision, SIPS disperses brand new safety feature: of engine power goes straight to your wheels the impact in different directions. Where it's A 204 bhp, straight-six engine. when you step down on the accelerator.
      324 words
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      Page 16 Advertisements Column 2
      444 16 BUSINESS TIMES TBLBPHONB: 730-5771/3772/3773 PAX: 734-4912 M THE MATTER OF THE COMPANIES ACT, CAP. SO ANO IN THE MATTER OF P G PROFESSIONAL BOOKS PTE LTD At an Extraordinary General Meeting of the Company held on 6 November 1991 at3o4 Orchard Road #04-22 Lucky Plaza. Singapore 0923. the following resolution
      444 words
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  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      44 17 I i ahotel For People dqnttLike Hotels. The more they travel, the more they'd rather stay at home. So next time you to make a booking for a choose the one looks At Omni Marco Omni ©Marco Polo CALL Js- .Ty OMNI HOTELS ASIA-PACIFIC
      44 words
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  • Page 18 Advertisements
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      Page 18 Advertisements Column 1
      208 18 WHERE TO WINE, DIME AND ENTERTAIN WHEBE TO WINE, DINE AMD ENTERTAIN WHERE TO WINE, DINE Dessert on the House Any item you order from our a la carte menu (beverages and desserts excluded) entitles you to complimentary local and Nonya desserts from 6.00pm to 10.00pm daily. A MEMBER OF
      208 words
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      Page 18 Advertisements Column 2
      338 18 .CO,™ »o, JB3T If, Retreat into a world of classical charm Create traditions. Indulge in English tea or evening cocktails. Enjoy the repertoire of our string quartet or solo pianist. Experience Hyatt Regency Singapore's new Scotts Lounge. Hyaß Regency Singapore 10-12 Scods Raid Singapore 0922 Tel 733 1188 the Stars...
      338 words
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      Page 18 Advertisements Column 3
      218 18 Mi SUPPER fcm PROMOTION I^J) 4 it 3. f Choice of Bak Kut Teh and Congee (Chicken, Pork or Fish) P m —2 am Ca!e Plaza Plaza Hotel '< SINGAPORE r>kHrjfll ttiiad SmgapOfT 07WW 28H00H J£ll j j C' o'*' '''l»' Cafe Aladdin's popular International Buffet. Featuring an array of
      218 words
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      Page 18 Advertisements Column 4
      204 18 ■nF%!^^HHw-^&3lHßf9£&b!^^H! i? Hj|;, T HHH You'll en)oy our delicious selection I of authentic Beijing Dian Xln served amidst the splendour of an Imperial ■KM| Court. May we expect you today? HjßgfK? From noon to 2.30 pm. DikUJ 8885l v Ala carte menu available. HffiQJ 333 Orcturd Road. Singapore 0923. *****11
      204 words
  • Page 18 Miscellaneous
    • Miscellaneous
      Page 18 Miscellaneous Column 1
      635 18 TELEVISION AND RADIO r ens*** ;"W sad. her husband. Her- 8.30 Mnqaddam. oihi/V l trip tinner ss VJ XCiW/lllv/ Lllv 1 IL/Uvl 7.00 AM CNN International (L). museum, until one day when 7.00 CNN. BBC, 88.9 «Hz in VHF Band N 655 PlTprogramme Highlights 830 f^lTSmiri I"*'1"*' 7,30 J >
      635 words
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  • LIFESTYLE
    • Article, Illustration
      Lock icon Quiet please, Woody's filming
      1124 19  -  The spell of silence and superstition that binds Woody Allen's cast, crew and associates has fallen upon a prestigious all-women's college in Manhattan. Alessandra Stanley reports Alessandra Stanley NYT Every year about this time, Woody Allen grapples with his sexual obsessions, his Jewish angst, his existential
      NYT  -  1,124 words
    • Article
      Lock icon The last frontier of rock'n'roll
      713 19  -  Los Angeles band Pegasus has found unexpected fame in China. Andrew Browne takes a look at the rock'n'roll scene there Andrew Browne Reuter THEIR last, show in California was in the lobby of a Hyatt hotel. Playing the discotheque at Beijing's Great Wall Sheraton gets
      Reuter  -  713 words
    • Article, Illustration
      Jasper Johns' painting sells for US$4.4m
      569 19 CHATTERBOX, JASPER JOHNS' Device Circle, a painting marked by an explosion of primary colours, sold for US$4.4 million (557.48 million) on Tuesday night at Christie's in New York. The collage was acquired by the late Barton and Emily Tremaine in 1959, the year it
      569 words
  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      149 19 AND ENTERTAIN iUu For the fresh and flavourful taste of Japanese haute cuisine only at Unkai Japanese Restaurant. Lunch 12 noon to 2.15 pm Dinner 6.30 to 10.15 pm. A ANA HOTEL For reservations, SINGAPORE please call 732-1222 ext 1589. 16 Wheeling and dealing is best done at Window on
      149 words
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      Page 19 Advertisements Column 2
      28 19 Lunch $9.00 Dinner $13.50 En/oy our Shabu Shahu Sukiyaki Barbecue RESTAURANT KSM3E Tel: 734-6796 4th tlr Unit 04-06 07 Tanghn Shopping Centre Air tlown KOBE BEEF also available
      28 words
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      Page 19 Advertisements Column 3
      109 19 7 w TRADITIONAL Cantonese Cuisine ■%|^H Ho BEST HONG KONG Dian Xin in Town ~^y China China Restaurant A Marina Bay Golf Country Club »Y M 2 6 Marina Green Singapore oioi. For Reservations Please Call 22i2Sii. f Sftccccit 1 H M DMMMIAU O ALa AM D«j4|ui*u J uompwnfuary wnncwy
      109 words
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  • STOCK EXCHANGE OF SINGAPORE 1
    • Article, Illustration
      Reactions to rumours contribute to activity
      3873 20  -  By Schutz Lee YESTERDAY'S stock market activity was a mix of profit-taking, retail buying and reactions to rumours about Van Der Horst and City Developments. Two stories, not necessarily unrelated, circulated about Van Der Horst yesterday. According to one rumour, a Singapore shipyard was
      3,873 words
    • Article, Illustration
      HOT STOCK
      68 20  -  Chew Eng Han Comment THE warrants are trading close to the resistance line at 49 cents. Although an eventual move to 56 to 60 cents is possible, daily stochastics (near 100 per cent) suggest some consolidation between 43 and 48 cents first. The warrant must hold above 40
      68 words
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  • Article
    STOCK EXCHANGE OF SINGAPORE 3
    3462 22 I Rothmans M SO* 760 25 f 3.4% i Gentings 50* 690 10 +1.5% Leader U 362 +10 +2.8% Tractors 50* 217 +6 +2.8% Sungei Way 231 *5 +2.2% Menang Corp 67 4Vi +7.2% Bolton 115 +4 +3.6% NST 330 +4 +1.2% 1 YHS Msia
    3,462 words
  • Page 22 Advertisements
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      Page 22 Advertisements Column 1
      123 22 Tear out this coupon and mail it to us today, to receive a free copy m of The Investors' Guide To Unit Trusts. It will tell you about Unit m m Trusts: a form of investment that allows you to spread your investM I I tt, 11 I I J
      123 words
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  • KUALA LUMPUR STOCK EXCHANGE
    • Article, Illustration
      Lock icon Profit-takers pare down gains to end easier
      4444 23 Bernama SHARE PRICES ended mixed to easier on the Kuala Lumpur Stock Exchange yesterday as profit-takers trimmed most of the earlier rises for quick profits while speculative buyers continued to nibble at selected issues. Reflecting the mixed trend, the KLSE Composite Index eased
      Bernama  -  4,444 words
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      Page 23 Advertisements Column 1
      376 23 BUSINESS T I IVLJL_S TELEPHONE: 730-5771/5772/5773 FAX: 734-4982 LIQUOR LICENCE NOTICE NOTICE IS HEREBY GIVEN thai, I, WONG FOOT FOOK of No. 45, Soo Chow Way, Singapore 2057, have applied for a Public House, Second Class licence in respect of premises at M/s. Palm Spring Seafood Restaurant Pte Ltd at
      376 words
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      Page 23 Advertisements Column 2
      347 23 LIQUOR LICENCE NOTICE NOTICE IS HEREBY GIVEN fat, I, Hoe Soh# Hoe Mun Fob of Na 27 TefakKuran, Singapore 1542, have applied far a Retail Liquor Shop licence in respect of premises at M^JstaßintangEnterprises at 2S dementi Road, Singapore 0512 and fat rins application wiß be hesrd in Court No
      347 words
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      Page 23 Advertisements Column 3
      290 23 M THE MATTER OF THE COMP AMES ACT, CAP M UOEMCO MM PRffATE UMTED M an EMrtnay Qmml Mmiingd too Conpanydaamad lotto* hod on Nov IMI. too Mh*| Sodtan 17BM ol too Ccmponiaa Ad. Cap. SO 1) SPECIAL RESOLUTION WMOMQUP ThdUda»mPrtmaP»l«daUnpuMMM to SoodM 290(1)* of tooConpoidaaAd.Cap.ia. 2) ORDINARY RESOLUTION APPOMTMENT
      290 words
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  • BT SHARE INFORMATION SERVICE
    • Article
      AUDITED RESULTS
      245 24 Cm*My Ma Yaar 8mp Nat Net unhp Cms mm t» pnM/Ini (L) par ikara <W4m< (carta) Ckwn Hup Nov 6 )un 91 $8,905($8.064) 5 8(5 2) 2TE(2TE) Hwe M Nov 4 Jun 91 M$36.922 ($33,846) 17 2(15 8) 10(10.7) HL*M|M Nov 4 Jun 91 M$54.020($35.427) 38(25.2) 15(15) BovXead
      245 words
    • Article
      PRELIMINARY RESULTS
      258 24 fmum Bali Ymt Graap pre-tax Nat aaraiafs Craw aaa to praM/lau (L) par share tfMdaad ('•00) (caato) PJOevrtdp Nov 11 Jun91 M$527($1.688L) SPH No* 8 Auj 91 $219,124($194,085) 63.2(54.3) 25(30) Panu> HUp No* 6 Jun 91 M$9.293($825) -(0.5) Kamayan Oct 29 May 91 M$28($l,505) -(0.7) 1.5(1.5) MSB Oct
      258 words
    • Article
      INTERIM RESULTS
      509 24 Cpvm Date Half-year Ctm» pretax tetarlai aaa to prallt/laas (i) •Mmd COM) Swum Inv No* 12 Sep 91 $671($242) GPB Nov 11 Sep 91 $8,711(16,971) 4.25TE(-) CUM M Nov 4 Sep 91 $5,143(14,460) -(-> RoOmans M Nov 4 Sep 91 M$170,425($136,734) 50(35) General Carp Oct 31 Jut 91
      509 words
    • Article
      CORPORATE DEVELOPMENTS
      201 24 Nov 12 Cyde I Carriage Ltd, together with Cycle Carriage Bmtang Bhd and Cok) Storage Malaysia Bhd will transfer more than 1.43 m square feet of land in Singapore and Malaysia into a new holding company called CCL Properties Sdn Bhd. Tho Kepptl Group has teamed up with
      201 words
    • Article
      DIVIDENDS ANNOUNCED
      840 24 Currwt Ex Mi Date Total tar Tatal far paynairt tela daaa payaMa tha yaar last yaar MSB 50c 121(b) Dec 30 Jan 14 Jan 21 121 10% ton 5%TE(I) Oct 21 Oct 31 Nov 15 5%TE 10%TE Mali IHp 50c 6%(b) Nov 21 Dec 5 Dec 24 6*
      840 words
    • Article
      APPROVED ISSUES
      99 24 Company Rights tow H Napra One-tor-one $2 75 per share. Ei-date: Nov 12 Books dose: Nov 22 Acceptance I Payment: NYA MM Finance Two-tor-ttm MJO 90 per share Ex-dale: Nov 1 Books dose: Nov 18 Acceptance Payment NYA Company Bums htm MM Finance One-tor three Ex-date Nov 1
      99 words
    • Article
      PROPOSED ISSUES
      519 24 Company Isses km Pat La«d hMrt» MS065 per share mmta T«di One-fcuone $100 per share Borjaya Gray totfits ssue of $89m nomral amount 10% Irredeemable Convertible Unsecured Loan Stocks (CULS) on the basis ot one lor lour Mm Issue of $90 978m normal amount of 3 5% Redeemable
      519 words
  • CHARTING SERVICE
    • Article, Illustration
      Lock icon Trading with the help of indicators
      434 24 Relative Strength Index: This index indicates overbought or oversold conditions as when a stock moves too much and too fast in either direction. Generally, an RSI above 80 indicates an overbought condition, while levels below 20 indicates an oversold market. The RSI is used
      Charts by PONT  -  434 words
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  • STOCK EXCHANGE OF THAILAND
    • Article, Illustration
      Lock icon Prices close easier, blue chips help cushion fall
      2341 25 Reuter/UPI SHARE PRICES eased as the market cooled down yesterday following heated price rises last week, brokers said. But blue chip gains helped cushion the stock index fall. The SET index ended 0.73 points lower at 682.66 on turnover of 3.54 billion
      Reuter/UPI  -  2,341 words
  • JAKARTA STOCK EXCHANGE
    • Article
      Lock icon Prices higher on active foreign buying
      1137 25 Reuter JAKARTA share prices yesterday closed higher across the board on active foreign buying, brokers said. The official index closed 5.01 points higher at 242.24. Turnover fell to 7.60 million shares from 8.04 million. Modern Photo, Indocement and United Tractors were among the biggest
      Reuter  -  1,137 words
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      Page 25 Advertisements Column 1
      8 25 SINGAPORE BUSINESS A MONTHLY MAGAZINE OF COSINESS TRENDS
      8 words
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      Page 25 Advertisements Column 2
      670 25 BUSINESS TIMES TELEPHONE: 730-5771/5772/5773 FAX: 734-4952 MINE MATTER OF TIC COMPAMES ACT, CAP M AMP DEVELOPMENT PWVAIt UMTEO At an Eawdhwy Owwl MmIng of Mw Company hoM m it Kaon Song Road. Stagopan IMS an S 1) SPECIAL RESOLUTION WWOMGUP opcrnrt Pf lid to ba woundiy 290(1Kta» of Oompontoa Art.
      670 words
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  • TOKYO STOCK EXCHANGE
    • Article, Illustration
      Lock icon Stocks close lower in listless trade
      2610 26 Reuter TOKYO stocks slumped to close at their day's lows in thin, directionless trade. Fu-tures-linked selling and prof-it-taking eclipsed early gains, brokers said. But a reluctance to sell ahead of a widely expected discount rate cut later this week underpinned the market, they added.
      Reuter  -  2,610 words
  • STOCK EXCHANGE OF HONGKONG
    • Article, Illustration
      Lock icon Shares dip slightly in heavy trading
      2518 26 UPI SHARE PRICES on the Hongkong stock exchange dipped slightly in heavy trading yesterday as investors continued to move money out of the volatile property market and into safer utilities and finance issues. The benchmark Hang Seng index closed at 4,240.28, down 12.74 points
      UPI  -  2,518 words
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  • REGIONAL STOCK MARKETS
    • Aussie stocks close lower on profit-taking
      • Article
        AUSTRALIA
        798 27 THE AUSTRALIAN share market drifted lower by the close of trade amid widespread profit-taking in leading stocks yesterday. Brokers said the market appeared to be heading for a correction, following Tuesday's 16-point slump, because of recent reports of poor corporate earnings and fears it may have risen too far
        798 words
      • Article
        MANIA
        546 27 SHARE PRICES in Manila closed higher yesterday after Tuesday's correction as investors took positions in anticipation of fourth quarter corporate results. The Manila Stock Exchange Composite Index rose 15.13 points to close at 1,118.65. Telephone stock PLDT continued to lead the market although buying was curbed by reports that
        546 words
      • Article
        TAIPEI
        550 27 A STOCK scandal and political worries pushed the Taiwan stock index down yesterday to close slightly lower in thin trade as many investors were sidelined. The weighted index closed 21.95 points lower at 4,469.73 on turnover of NTS 16.04 billion against Monday's NT523.6 billion. Tuesday was a holiday. Brokers
        550 words
      • Article
        SEOUL
        762 27 SHARE PRICES closed lower in the Korea stock exchange in moderate trading yesterday. "Financial and big manufacturing issues, which have recently lagged, gained modest strength on a technical re- bound," Dongsuh Securities broker Chung Chang Shik said. The composite index of the exchange lost 1.68 points to close at
        762 words
      • Article
        NEW ZEALAND
        353 27 LEADING share prices in Wellington bounced around in a wide range yester- day before finally taking the market low- er on moderate turnover. The NZSE-40 Capital Index fell 9.38 J points to 1,547.78 on turnover worth J NZ$l9.l million. Trade was again dom- inated by private clients. "As
        353 words
      • Article
        BOMBAY
        65 27 SHARE PRICES in Bombay drifted lower on Tuesday after an early rally triggered widespread long liquidation, brokers said. "The market is undergoing a technical correction after the big rally," broker Rasesh Maniar said. "There wasn't fresh news either to bolster sentiment." The Bombay Stock Exchange (BSE) Index dropped 16.71
        65 words
      • Article
        INDICES & TURNOVER
        76 27 INDICES TURNOVER Close Pieviow Nov 14 AUSTRALIA All Ordinaries Index 1,669.0 1,677.0 -8.0 All Industrials Index 2,612.5 2.624.3 11.8 All Resources Index 949.7 954 7 -5.0 Turnover (million) 126.1 114.4 -11.7 NEW ZEALAND NZSE-40 Capital 1.547.78 1.557.16 -9.38 MANILA Composite Index I.I 18.65 1,103.52 15.13 Turnover (million) 1.010 1.180 -170
        76 words
      • Article
        MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        364 27 In local canency In S$ In US$ day year day year day year No* 12 Index chance change change change change change World ...413.9 0.7 15.6 0.7 10.3 0.6 14.3 *EAFE 529.8 0.6 12.7 0.8 7.2 0.8 II.1 Europe 429.4 0.5 17.8 0.7 4.1 0.7
        364 words
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      22 27 H The smart addition to your research department I is only a phone call away I > Telephone: *****63, *****66, *****89 i _____^_I-————I__——^^■■■■■—
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  • WORLD STOCK MARKETS
    • S&P, Nasdaq indices reach new highs
      • Article, Illustration
        NEW YORK
        1175 28 STOCKS rose smartly in active trading on Tuesday, with a firm bond market underpinning gains in equities. A number of indices reached new record highs, and the Dow Jones Industrial Average rose 11.85 points, to 3,054.11. The Standard Poor's index of 500 stocks, a measure of blue-chip activity,
        1,175 words
      • Article, Illustration
        LONDON
        606 28 SHARE prices finished higher on London's Stock Exchange on Tuesday, on optimism over a possible cut in British interest rates. The Financial TimesStock Exchange 100-share index rose 20.6 points, or 0.8 per cent, to close at 2,575.5. The Financial Times 30-share index rose 12.9 points to close at 1,984.9.
        606 words
      • Article
        FRANKFURT
        404 28 GERMAN shares posted strong gains on optimism created by the Bonn government's decision on investment income taxes, but spotty retail buying interest resulted in share prices ending off their highs of the day. The DAX 30-share index ended 12.20 points higher on Tuesday at 1,621.22 after jumping nearly 18
        404 words
      • Article
        INDICES & TURNOVER
        75 28 INDICES TURNOVER NEW YORK Dow Jones SAP 500 Turnover (million) Nov 12 Clow Prrrkws 3.054.11 3,042.26 +11.85 396.74 393.12 +3.62 199.5 129.1 +70.4 LONDON Financial Times 30 FTSE 100 Turnover (million) 1.984.9 2.575.5 513.6 1.972.0 +12.9 2,554.9 +20.6 403.5 +110.1 FRANKFURT DAX Index 1.621.22 1.609.02 12.2 AMSTERDAM EOE Index 283.34
        75 words
      • Article
        AMSTERDAM
        315 28 BOLSTERED by a strong performance in the bond market, Dutch shares made good gains, closing near the day's best levels on Tuesday. The EOE Index added 4.96, 1.78 per cent, to close at 283.34, with dealers saying that a volume of short covering from the options exchange drove the
        315 words
      • Article
        PARIS
        306 28 NINE-MONTH sales reports pushed a few shares higher but the overall Paris bourse ended steady as fund managers, anxious about the strength of the economy, continued to stay out of the market on Tuesday. The CAC-40 index ended the day with a gain of 0.89 points, or 0.05 per
        306 words
      • Article
        BRUSSELS
        212 28 BELGIAN shares closed slightly up on Tuesday after trading through the Brussels electronic CATS system was interrupted for nearly two hours until 1330 GMT, dealers said. "It was fairly active until CATS stopped. It sort of broke the mood," one dealer said. CATS trading was stopped because of telephone
        212 words
      • Article
        MILAN
        159 28 A STRONG performance by Generali helped lift the overall market in Milan, although prices slipped towards the close after the bourse called for the forced liquidation of the positions of two brokers. The insurer gained over 2 per cent as the MIB all-share index closed 0.41 per cent higher
        159 words
      • Article
        STOCKHOLM
        49 28 PRICES on the Stockholm bourse closed lower in moderate trade on Tuesday, and dealers said the fall accelerated after Astra presented its ninemonth results. The bourse general index fell 0.24 per cent to 991.50 in turnover of 289 million crowns. Blue chips lost 0.76 per cent on average.
        49 words
      • Article
        ZURICH
        211 28 SWISS shares ended a moderately active session higher. Dealers said activity centred on blue chips as easier interest rates, a firmer Frankfurt bourse and higher Wall Street opening supported sentiment on Tuesday. The all-share SPI index rose 6.9points to 1,108.4 while the SMI index of leading shares was 15.9
        211 words
      • Article
        TORONTO
        237 28 TORONTO stocks trended higher to outpace a rise on Wall Street as inter- est-rate sensitive sectors led gains and' gave the market a positive bias. "We continue to outpace the US market' here," one dealer said. "The smaller investors are creeping in a little here also." The TSE-300 rose
        237 words
      • Article
        JOHANNESBURG
        345 28 THE Johannesburg Stock Exchange industrial index jumped 17 points to close at a new record high of 4,332 on a Tuesday, as the gold price traded at over US$355 an ounce, dealers said. The new record is 13 points higher than the previous record of 4,319* readied on Nov
        345 words
      • Article
        Untitled
        46 28 ViMina VIvllINi N«« 12 Aadi Akg Holding 3652 332 Bank Austria (P) 448 -1 E Allgem (P) 2450 4 Jungbunzl 9800 unch Lenzing 1110 +25 Leykam 428 3 Montana Oesterr Brau 3620 unch Semperit 128 2 Steyr 276 6 Veiudier 387 +3 Source: Z-Landerbank Bank Austria
        46 words
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  • CURRENCY, MONEY & FUTURES MARKETS
    • Article
      Trading in US$ slows in Asia as investors await Japanese rate cut
      1264 29 REPORTS THE US DOLLAR barely moved in dull Asian trading in the absence of fresh incentives and clear signs of future direction, Asian traders said. "We might see the dollar go up a little bit when Europe comes
      1,264 words
    • Article
      INTERBANK FOREX RATES
      387 29 Cross rates Nov 13 USS SS MS Dm Yen SFr AS NZS USS 1-6785 2.7430 1.6375 130.00 0.5643 1.4515 1.2715 1.7809 SS 0.5958 1.6342 0.9756 77.4501 0.3362 0.8648 0.7575 1.0610 MS 0.3646 0.6100 0.5970 47.3934 0.2057 0.5292 0.4635 0.6493 Dm 0.6107 1.0250 1.6751 79.39 0.3446 0.8864 0.7765
      387 words
    • Article
      MONEY MARKET
      518 29 Interbank rates S$ Bid Offer Overnight 3 11/16 3 13/16 1-month 3 1/2 3 5/8 2-month 3 1/2 3 5/8 3-month 3 9/16 3 11/16 Overnight mode: 3-5/8 USS Bid Offer 7 days 5 H month 4 7/8 5 2 months 5 1/8 5 1/4 3 months 5
      518 words
    • Article
      Lock icon D-mark seen firmer after Bonn modifies withholding tax
      524 29 Reuter FRANKFURT Bonn's proposal to reintroduce a withholding tax at favourable market terms has cleared the way for more gains for the already-strong German mark. The three parties in the coalition government have agreed to a modified 25 per cent withholding tax
      Reuter  -  524 words
    • Article
      Lock icon Taiwan urged to raise value of currency
      200 29 AP WASHINGTON David Mulford, Undersecretary of the United States Treasury for International Affairs, has urged Taiwan to increase the value of its currency a measure that would encourage imports from the United States. He also accused the South Korean government of unwillingness to
      AP  -  200 words
    • Article
      FINANCIAL FUTURES
      1154 29 SjjjEX EUHOOOOJUt Open High Low Sett Est Vol Op/lnt Vol Dec 91 94.87 94.88 94.85 94.86 3031 211 IS 3296 Mar 92 94 99 95.01 94.97 94.98 4700 ***** 3932 Jun 92 94.79 94.80 94.76 94.79 3376 8696 2648 Sep 92 94.50 94.50 94.48 94.49 1010 2958 1181
      1,154 words
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  • COMMODITIES
    • Article
      Lock icon Oil, gas replacing rouble as currency of Soviet trade
      357 30 Reuter LONDON Oil and gas will effectively replace the rouble as the currency of Soviet trade, Mr Ronald Freeman, first vice-president for merchant banking of the European Bank for Reconstruction and Development (EBRD), said. "There is no value storing capacity in
      Reuter  -  357 words
    • Article
      Lock icon Iceland project freeze focuses crisis in aluminium industry
      340 30 Reuter AMSTERDAM The decision by a group of investors to delay building a major new aluminium smelter in Iceland is the latest in a string of cutbacks highlighting the dire state of the market for the metal, industry analysts say. A world
      Reuter  -  340 words
    • Article
      KL tin continues to drop on poor buying support
      856 30 REPORTS THE PRICE of tin on the Kuala Lumpur Tin Market ended six sen lower to close at M$ 14.74 yesterday, pressured by higher offerings and poor buying support. Dealers said the price slipped further for the third consecutive day this
      856 words
  • Article
    PRICES
    1357 30 Rubber Nov 13 MS (te> >•>») S cents/kg Noon Clost Int 1 RSS Prompt 136.25/137.25N I35.75/I36.75N Int I RSS Dec 91 I35.7VI36.25 I35.2VI35.75 Int I RSS Jan 92 136.00/136 50 135.50/136.00 Int 2 RSS OP 132.25/134.25N 132.00/134 OON Int 3 RSS OP 130.00/131.OON I29.7VI30.75N Int 4 RSS OP I27.2VI29.25N
    1,357 words
  • Page 30 Advertisements
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      Page 30 Advertisements Column 1
      1238 30 _B USIN E S S TIMES TELEPHONE: 730-5771/5772/5773 FAX: 734-4982 Mcllwraith McEacharn Operations Limited 5538,000,000 Guaranteed Floating Rate Notes Due 1992 In accordance with the provision of the Notes, notice is hereby given that for the three-month period from 14 November 1991 to 6 February 1992, the Notes will carry
      1,238 words
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      Page 30 Advertisements Column 2
      6 30 Innovation Technology in BT every Tuesday
      6 words
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  • Article
    AIRCRAFT ARRIVALS AND DEPARTURES
    1057 31 Ctty Flight ETA Flight no Ctty Flight ETA Flight CTO A*U Dhabi GA887 1415 GA894 2340 SQ162 2030 GA975 1300 M—jag CI091 0245 AMaida QF081 1820 KaaAal—g MOI1 1830 MI212 0830 SQ228 2040 Karachi PK770 1900 PK771 2030 Awterta* SQ23 0700 KL834 2305 RA408 0825 KL833
    1,057 words
  • THE TRAVEL PAGE
    • Article, Illustration
      Mongolia opening doors to visitors
      710 31  -  LETTER FROM ULAN BATOR By James Kynge Mongolia is back on the map for affluent adventurers, nostalgic Japanese and western backpackcrs from a company called Monkey Business. Two years ago this country of boundless steppe and nomadic herdsmen wedged between Soviet Siberia and China lived
      710 words
    • Article
      MONEY CHANGER RATES
      150 31 As at 3pm yesterday: Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.3132 1.3310 Canadian dollar 1.4655 1.4951 NZ dollar 0.9313 0.9690 Sterling pound 2.9605 3.0006 US dollar 1.6750 1.6800 Local dollars to 100 units of foreign currency Austrian schilling 14.40 14.69
      150 words
    • Article
      WORLD TRADE EXHIBITIONS
      68 31 Duration Title Venue Organiser Tel Duration Title Venue Organiser Td Nov 12-16 International Maritime Exhibition Baghdad. Iraq The State Company for Fairs Trade Services ********** Nov 12-15 International Trade Fair for Subcontractors Jonkoping. Sweden Elmia Ab ********** Nov 12-16 International Trade Fair for Electronics Production Germany Munchener
      68 words
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      16 31 Get the of Europe every Sunday and Thursday. With Finnair's new schedule. Call *****77 for details.
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      Page 31 Advertisements Column 2
      9 31 Singaporean news for Singaporeans overseas. Subscribe now. Call 749-2577.
      9 words
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      Page 31 Advertisements Column 3
      47 31 WILL ENGLAND MAKE IT? A young, new-look England team needs only a draw against Poland to reach the European championship final. Can Graham Taylor's untried heroes make his courageous decision bear fruit? We'll have the result first. This afternoon. NEW, NEWS, NEWSY From tundvKma. Monday to Saturday.
      47 words
  • Page 31 Miscellaneous
    • Miscellaneous
      Page 31 Miscellaneous Column 1
      240 31 1 Unlikely opportunity givto prisoner released on ■■'"""■Hi™~~SH--10 Entertain with port (7) 10 I I I 1 I 1 I I 11 Point behind the ship to- ■—tag— 14 A growing source of fuel 18 No inner sanctuary (4-3) |f° II l—f 3 L_f 19 Old Greek hunter 24 Conceited
      240 words
    • Miscellaneous
      Page 31 Miscellaneous Column 2
      138 31 Singapore Outlook: Occasional showers from late morning. World forecast Asia-Pacific Hi/Lo* Cond. Auckland 17/10 Showers Bangkok 33/24 Sunny Beijing 11/-2 Cloudy Hongkong 22/16 Cloudy Jakarta 30/23 Cloudy Kuala Lumpur 32/23 Showers Manila 33/23 Sunny Perth 25/15 Cloudy Seoul 08/-3 Sunny Sydney 24/19 Cloudy Taipei 19/13 Cloudy Tokyo 17/08 Cloudy Europe
      138 words
    • Miscellaneous
      Page 31 Miscellaneous Column 3
      23 31 ypj soßfßtse. r^e.,TH6. (MV OLD J r£QPi£, SRr_AkCT£)— 1 bojou<Mou3 H«V)? J too^h^c... J) Cor course: t DO- j** c IM2 lftl 5559
      23 words
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  • Article, Illustration
    Special status for S P Tao's firm
    605 32  -  Sri Lanka gives S'pore businessman's Overseas Realty tax and other benefits From Salil Tripathi in COLOMBO IN A DECISION that sends a powerful signal to foreign investors in Sri Lanka, the government's Greater Colombo Economic Commission (GCEC) has announced it will grant coveted
    605 words
  • Article
    Lock icon Sri Lankan budget aimed at investors
    417 32 AFP COLOMBO Sri Lanka has proposed tax reforms to encourage greater foreign interest in the economy, dented by a costly civil war, and is banking on peace to bridge a huge budget deficit, officials said yesterday. Sri Lankan businessmen yesterday welcomed the island's 1992
    AFP  -  417 words
  • Article
    Lock icon China revamps budget system and warns of new deficits
    453 32 Reuter BEIJING China will split its current unified state budget into two a regular budget and a capital expenditure budget and plans to cover its mounting deficit by boosting borrowing and issuing more bonds, the official New China News Agency said
    Reuter  -  453 words
  • Article
    Lock icon Thai charter clears way for military
    161 32 AFP BANGKOK Thailand's all-powerful military, which seized power in a bloodless coup last February, look set to rule the country for at least another four years. The country's new constitution, released yesterday and which is expected to be approved next month, paves the way
    AFP  -  161 words
  • Article, Illustration
    Why a Japanese firm is of, by and for its people
    838 32  -  The Bottom Line ALAN BLINDER ALAN BLINDER The writer is the Gordon S Rentschler Memorial Professor of Economics at Princeton University MY LAST two columns on theories of the extraordinary dynamism of the Japanese economy concluded that industrial targeting
    838 words
  • Article
    Lock icon Indonesia to launch probe into E Timor shooting
    206 32 Reuter JAKARTA Indonesia, bowing to international pressure, said yesterday it would investigate an army shooting in East Timor which may have killed up to 100 people. Witnesses said the army fired on thousands of people in the capital Dili on Tuesday. The
    Reuter  -  206 words
  • Page 32 Advertisements
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      84 32 Nikon The World's Finest Photographic System I S Hp I 6 CERRUTIIBBI MEN'S BOUTIQUES •01-15 The Paragon, Orchard Road Tel: 255 %55 »02-54/60 Wisma Atria, Orchard Road Tel: 7)4 9)60 »oi-45 Forum Gallerta, Orchard Road Tel: 7) J 1882 LADIES' BOUTIQUE *02-61 Wisma Atria, Orchard Road Tel: 7)) 1886 Cerruti
      84 words
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      6 32 Nikon The World's Finest Photographic System
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  • Shipping Times
    • Article
      Singapore likely to hit 6 million TEUs this year
      473 33  -  *L Magdalene Phang SINGAPORE With over 4.5 million TEUs (20-foot equivalent units) of containers handled in the first nine months, Singapore is close to seeing the six millionth TEU before 1992. Port statistics showed that container throughput was more than 4.6
      473 words
    • Article
      Lock icon Hanoi to auction 20,000 antiques from shipwreck
      445 33 AFP HANOI In its first ever overseas auction, Vietnam is to sell 20,000 antiques discovered in a shipwreck in the south of the country, the Ho Chi Minh City youth magazine Tuoi Tre said. The objects, dating from the 17th century, are now
      AFP  -  445 words
    • Article
      Lock icon Malaysia to launch 2 satellites in 1994
      70 33 Reuter KU ALA LUMPUt Malaysia wfll hwsd> two USjjgjn WMqrty MS2SO The two smritoca, Inona as riilijiln East Aria Satillt (MiaiaQ. wfll ha reaaZnakafieais MmlSnri Ine of General Meters Car* Meaaat technical director Noordln WwiWijjai He mM the aelilHi i. It be own*
      Reuter  -  70 words
    • Article
      INDEX TO ADVERTISERS
      883 33 Pa«e Cat ABC Containeriine 12 I Accord Group 8 1-3 •APL 5 3-5 A PC Line 13 5 Arrow Inter 9 4 •ASCL S 1 •ANL 3 1/2 Bah Canada Line 7 4/5 Bah Orient Line 7 4/5 Batamindo 14 3 Bangladesh Shpg 8 5 The Bank
      883 words
    • Article, Illustration
      Kawasaki and Sumitomo form warehousing firm
      380 33  -  to Dexter Lee SINGAPORE Japanese giants Kawasaki Kisen Kaisha and Sumitomo Corporation have formed their first warehousing joint venture in Singapore. Called Asian Warehousing (S) Pte Ltd, the new company has leased a 2,000 sq m warehouse at 7 Third Lok Yang Road in
      380 words
    • Article
      Lock icon UN anti-piracy programme to end
      104 33 BernamaXinhua BANGKOK The United Nil ions High Commissioner Foe Refcpees (UNHCR) has decided to conclude an antipiracy programme protecting the Vietnamese boat refugees crossing the Gulf of Thailand and the South China Sea. A press release issued by the UNHCR received here yesterday explained that
      Bernama- Xinhua  -  104 words
    • NEWS SUMMARY
    • LOG BOOK
      • Article
        Egypt to raise Suez Canal tolls by 20pc
        78 34 PORT SAID Egypt will raise Suez Canal tolls by an average of about 20 per cent from Jan 1, shipping agents said on Tuesday. The Suez Canal Authority issued a memorandum quoting price increases in Special Drawing Rights ranging from 15 to
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      • Article
        Bahamian, Liberian ships collide
        62 34 LONDON The Liberian vessel Mito and the Bahamian vessel Hoegh Clipper collided in the Houston ship Channel, Texas, on Nov 10, Lloyd's Shipping Intelligence Service said. The 27,225 tonne Mito sustained a gash in its port side shell plating and is in Houston awaiting a survey.
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      • Article
        2 die in military plane crash
        77 34 SYDNEY An army plane crashed on takeoff on Tuesday, killing two men and injuring eight others. The Pilatus Porter aircraft was on an exercise carrying two crew and eight parachutists. There was no indication of the cause, and the army grounded all its Pilatus
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      • Article
        Knauf may buy airline stake
        72 34 NUREMBERG, Germany Investor Albrecht Knauf is close to a final agreement to buy a 31-per cent stake in Germany's largest independent regional airline NFD Luftverkehrs AG from retailer Karstadt AG, NFD said. Knauf owns German regional carrier RFG Regionalflug GmbH. Both NFD and its 61-per
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        Siemens, Racal in army deal bid
        69 34 LONDON Siemens Plessey Defence Systems, a unit of Siemens AG, and Racal Radio Limited, part of Racal Electronics pic, said they teamed up to bid for a contract to supply the British Army with a new generation radio communications system. The ultimate supply contract
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      • Article
        Croatian port blockade lifted
        49 34 LONDON The military blockade of Rijeka port, Croatia was lifted on Tuesday, Lloyds Shipping Intelligence reported. A selective blockade in operation at Pula allows foreign vessels to arrive and depart. But the ports of Zadar, Sibenik, Split, Ploce and Dubrovnik are still blockaded, Lloyds said.
        49 words
      • Article
        Ships grounded off Philippines
        86 34 LONDON At least four vessels have been damaged or grounded in the Philippines area following Typhoon Thelma, Lloyds Shipping Intelligence reported. Reports indicated that two small Panamanian vessels, Premship VI and Premship VII, ran aground in Isabel and Toledo during the typhoon. The unidentified vessel Tanto
        86 words
    • Article
      DAILY FREIGHTS
      1086 34 DRY cargo freight chartering on Tuesday remained sluggish with a further two point drop in the Baltic Freight Index to 1,639 confirming bearish sentiment in the Atlantic, brokers said. Uncertainty over the timing of Soviet credit decisions combined with vessel oversupply depressed freight rates, they added. "Operators have
      1,086 words
    • Article, Illustration
      Lock icon Going public under hazy skies
      1029 34 The article examines the reasons why Guinness Peat Aviation, the world's largest aircraft leasing company, was rejected when it sought advice from a merchant bank on a public listing FT WHEN Dr Tony Ryan, Guinness Peat Aviat i on s founder, decided to seek a
      FT; Source: GPA  -  1,029 words
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      COCKETT BUNKER MARKET REPORT
      808 34 THIS twice weekly report, compiled by Cockett Marine Oil Ltd, shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on average-sized stem. Market movements are indicated. The Cockett Bunker Price Index change and
      808 words
    • Article
      THE SHIPPING GUIDE
      9063 42 This is a list of ships loading at Singapore for ports around the world. It tabulates, by destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. Advanced dates are published for a maximum
      9,063 words
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      SHIPPING AGENTS
      3297 47 A«c Shpg Agencies Pte Ltd (SVMarine Handling Sdn Bhd (PK/PN). Atcord Group: Accord Shpg Pte Ltd (SVAccord Contr Line (PK/PN). Xdkris Business Corporation Philippiae Calsource Shpg Trdg Pte Ltd (S) Ahrenkiel Liner Service Kim Shpg A Trdg (S). <Übatros Sea-Air Service: Frata Shpg Pte Ltd (S). Alfred C
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      COURIER SERVICES
      245 47 Abacas Coariers Td: 545-8011. Fax: *****98. Air Express Travel Tel: 533-5771. Fax: *****44. AMnt Freight Corporation Td: 542-8844 Fax: *****16. *****80. Airswilt Worldwide Coarier Td: 278-0188. Fax: *****83. AJS Sappßes Td: 748-6322 (2 lines), 747-7421. Fax: *****75. Chy-Liak Internatioaal Td: 344-3377. Fax: *****50. Claster Liak Supplies A Services
      245 words
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      AIR FORWARDERS
      1522 47 Abex Express Freight Tel: 542-7171. Fax: *****84. Actinic Forwarder I Td: 225-1833. Fax: *****42. Activair Singapore I Tel: 542-7821 Fax: *****20 Aeroiink Freight International Tel: 545-8033. Fax: *****05 I. Fax: *****18. Air Cargo Novo Express Td: 542-5454. Fax: *****06. < Air Express laternntioanl Tel: 542-7666. Fax: *****74. i
      1,522 words
    • Article
      PORT CONDITIONS
      3051 48 ARGENTINA Labour working normally this week Buenos Aires: No congestion; general cargo berths occupied most of the time but no waiting. Pilots are now permitting vessels to sail with drafts of approximate 30ft provided there is a good tide. San I .orenzo: l ive vessels in port of
      3,051 words
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      AIR FREIGHT SCHEDULE
      561 48 ARRIVALS DEPARTURES Op Might Type ETA T From Op Might Type L'lb T To TODAY TODAY KM. KF697 B747F 0150 I SEL KAl KE697 B747F 0440 I BKK SIA SQ827 B747F 1730 2 CPH/DXB SIA SQ/ B747F 0715 2 DXB/LON CLX CV794 B747F 1845 I LUX/DXB BA822
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      SHIP SALES & TANKER RATES
      1528 48 SHIP SALES TANKER RATES VESSELS ON OfFER Bulk Carriers Captain Diamantis: 68.847 dwt and built Mar 1971 Mitsui, on offer in excess of U5514,000,000 en-bloc with sistership Angelic Grace Can try singly. Both on time-charter till Jan/Feb 1992. Moshill: 66.043 dwt and built Oct 1991 Daewoo and Mosdale 66,043 dwt
      1,528 words
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      CRUISE & FERRY SCHEDULES
      603 48 CRUISE FERRY SCHEDULES CRUISE SHIPS Arr Pep Name of Vessel Kl'A K I D Ports of Calls Port Agent NOV 15 15 Cora Princess 1000 1800 Sin-Jakarta-Sin Sembawang Johnson 17 17 Orient Sun 1000 1800 Sin-Jakarta-Sin Sembawang Johnson 19 19 Cora Princess 1000 1800 Sin-Jakarta-Sin Sembawang Johnson 19 19 Song
      603 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        538 49 9m* fciW Pe»«*i umi H, fcfiwl frpartOT Marin TinriMi 1 Hat Jmg J6 alongside 1411/1200 Batam Sayang *****1 M05 a*x**fe 14.11/2300 Hawng J6 alongside 1411/1200 Batmndo 1 120S M02 alongside 13.11/1700 K*ang Yang II ***** J12 alongside 1411/2300 Berpsa 11/91 M02 alongside 1111/1800 Pulau Sumatera 16/91 13
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        IN MALAYSIAN PORTS
        204 49 lilwi Nrt i Berth 1: Bunga Mas; 2: Cabana. Genii; 3: nil: 4: SCO No 4; 5: Barge Munar No 2; 6: Kota Machan. 01 jetty: lya Erenburg, Antares. DC* S4ver Pride. Dm m Nov 13: Stott Falcon, Global Jupiter, Ocean Elite, Juta Jaya, Kris Terasek. to
        204 words
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        CONTAINER SCHEDULE
        890 49 RECCIVINCI OF EXPOtT Fa CONTAINERS AND LCI CARGO 9# toy No Eft/Mr NrM ACX Jssmn IB 16/1500 2 13/1700 14/0659 14/0900 4 14/1200 14/1459 14/1700 ACX Uy 17A 16/0700 2 13/1700 14/0659 14/0900 4 14/1200 14/1459 14/1700 An Fremande ***** 15/1300 2 13/1700 14/0659 14/0900 3 14/0700 14/1159
        890 words
    • Article
      Lock icon BA reports 7.3pc rise in mid-year pre-tax profits
      451 50 NYT LONDON British Airways surprised the City of London on Monday with a 7 J per cent riae in seoond quarter pro-tax profits to £176 mfiboo (***** million). Lord King, the airline'! chairman. Mid BA was ineventing its interim dividend by 5
      NYT  -  451 words
    • Article
      Lock icon USAir begins round of fare cuts
      344 50 NYT NEW YORK USAir on Tuesday announced discounts of 10-25 per cent off most existing excursion fares for travel to almost all its destinations between Jan 7 and March 31 usually the period of least air travel. American, United and Continental Airlines said they
      NYT  -  344 words
    • Article
      Lock icon Argentina sets dates for two oilfield tenders
      184 50 Reuter BUENOS AIRES Argentine President Carlos Menem issued a decree fixing dates for tenders for participation contracts n two major commercial oilfields owned by Argentina's YPF oil company. Bids for YPFs Austral oilfield, which includes the Santa Cruz I, Santa Cruz II and
      Reuter  -  184 words
    • Article
      Lock icon Petrol shortage hits Nigeria
      148 50 Reuter KADUNA, Nigeria Hundreds of motorists queued at filling stations in Northern Nigeria as a petrol shortage ahead of anticipated higher prices began to bite. Industry sources in Kaduna said the three- week shortage was due to a combination of factors, including hoarding, a reorganisation of
      Reuter  -  148 words
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      6 33 For contact Shl*Hm Timtc rW 740-20tt9?740-2090.
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      93 33 the FAMOUS I tmmuk/ ■EHMI 224 1833 For aore information please refer to Pg. 13 y r/"' 1 x- ,vr'' r 'I SOME OF OUR TOP TALENTS ARE OVERSEAS. BRING THEM HOME. A paper subscribed by Singaporeans abroad. And by foreign professionals too. The local pool is limited. So look
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      50 33 to Forwarders 15 Air Frofht SdwMi IS Cockett Report 2 Container Schedule 17 Couner Servces 15 Cra» t Ferry SctwMes 16 MyFntfto 2 MBtoMvartam 1 Port Condttm K 15 Shppni Gail 10,11 Shpsates/Tanter tales 16 Stops in Port 17 Sfffapore Tides 17 Transport Oiary 3 Weather and Soa Conditions 17
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      2100 35 "*•**> \inu I BOOMNQBTB.: *****34/3200e58 ■ll'liw TCTMWMJCPS TEL: 3a00g1«-220 rCQOOfII PIMMA MWH ■M > RIU AQEHOES SOW. BHO. IWW J PORT KELANG TEL *****18 FAX *****01 *****88 PENANti TCLJO4I44 FAX *****1 CfS TEL: *****6 SSSS Dedicated to Quality Sen/ice wjhte1:*****94fax*****6 pßff»TnH!i .■**t export I"" l°* I— |WC I»i B»|pMaa/MME <™aw*
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      37 35 321-1416. Dec 26-F* 17 I9»l j U I, W o «n'si >l 1 uTn S7u osi ?77i 5/ji I j IT 1 II J WWBBTW XII 411 M nHFHH|HHH||MBKffiH|HHHHHffiQPRMB ■»—in uu u.u smm «e mi uii in
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      1206 35 tWO SAILM6S TO EUROPE KGRM MAERSK Y.OIM ETA SIN 20/11/01 ORBITAL RAT VJO7O ETA SIN 23/11/01 asav «4r |«ti I cTojMaav n» W am w DESTINATIONS BRpHRBRpOPHMpaBPi oai «fW;>aaa» |omi |uoa |hou |mbi |atl |«ba |caa |aM. |ml |avc fssaafraa ia/tifis/ri im »/ig wm ta/i? m/i? u/ta ts/i? aa/a a>/tt
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      1018 36 T Irottedam/I VOY NO S PORE SOUTHAMPTON HAMBURG ANTWERP LE HAVRE HONGKONG EXPRESS 04/145 14/11 8/12 4/12 3/12 KAGA 21/345 17/11 4/12 6/12 9/12 10/12 {jyfe£lg| KURAMA 13/146 21/11 15/12 11/12 10/12 M IMMa FRANKFURT EXPRESS 59/346 24/11 11/12 13/12 16/12 17/12 KASUGA I 18/147 28/11 21/12 17/12 16/12 lYjlr
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      719 36 SEASPAC SERVICE DMECT SOUTH PACf IC SERVICE SIN NOU SUV PPT IMPERIAL 2901E8 27M1 12/12 15/12 21/12 AISO ACCEPTING CARGO VIA SUVA TO: lAUTOKA. PAGO PAGO. APtA 9 NUKUALOAFA DMECT CHILE/ SOUTH AMERICAN SERVICE SIN IQQ ANF VAP CLX IMPERIAL 2901E8 27/11 3/1 5/1 11/1 12/1 ALSO ACCEPTING CARGO TO
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      1442 36 El—ia»ia rnxam BEQULAB WO6PEWO6MT FULL COWT/UNEW KWICt WESTBOUND FOR EUROPE VSL/VOY SM ALG Kl NAM ME ROT ANT FE UM (MA (MA (MA ALG) HAM) ROT) NORASIA PRMCESS 9136-3 16/11 06/12 09/12 12/12 14/12 13/12 15/12 14/12 15/12 JAPAN SEA 137R 23/11 14/12 16/12 19/12 21/12 26/12 22/12 21/12 22/12
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      1880 37 SjgSteomers Maritime Holdings Ltd Wrf P&O I JPTW STRAITS SHIPPING! Containers gjggg^^'^ Vo» Na Kl| HUang #r*l Sport M| Sou tot RetHb| LEXA MAHSK 1114 M/U 10/11 10/11 14/11 21/H 01/12 02/12 04/1? ACCEPTS HE SM.S TOKYO UY 0574 13/1110/11 lt/U 03/12 05/12 07/12 CAD GO RIGMA MACRSK 1114 15/1117/11
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      2112 37 wski/wt (mi f a em m wot htc wssa vot wc w m en lbr om CHOYANG VICTORY FFI4S 10/11 10/12 11/12 JO/12 2V12 27/12 2t/12 BUfMIN SENATOR IMIM 2V» 11/% Ji/i 4/10 D/ 10 14/10 14/11 CMOYANC WORtD CFI44 71/11 17/12 U/12 27/12 11/12 1/1 1/1 4/1 OSR YOKOHAMA
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      327 37 i wflwiniMiMiniß&BSßEiEl STRAITS/ JAPAN/ STRAITS SERVICE LOADIHC FOR SENBOKII/ NACOYA COSMIC TRADER V2l ETA SPORE 18/11 ETA PK 21/11 IMLintermaritime SOUTHERN AFRICA SERVICE DIRECT MONTHLY SAILINGS KK SPORE PK PL CM CT GLOBAL SWOTS <100 M U SM 22/11 It/11 5/12 Ml Kill* 23/12 1/1 4/1 18/1 22/1 M/l *Mm
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      505 38 wmmmmmmmrnrnrnl CR NBR **********0-D EXPRESS SEMI-COVITIUIIERSIIIP SERVICE TO EIRIPE ISL/WY jSTOtt MMH/MMM HIUK MOO MM* SMMMTA/33M 13/12 13/1 17/1 22/1 25/1 FAST TRANSIT TIME ACCEPTING BREAKBIILK/CONTAMERISED CARGO lo Inductwint Also >cc<pHoQ to CmMmti. Part SaM, Port Alexandria, Ganoa, TriaaM. ALSO ACCEPT INC BOTH CONTAINERS, CONVENTIONAL CARGO VIA T/S TO UK
      505 words
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      1273 38 HANJIN SHIPPING i ii.»iJ«.iLiiij4.iiji»i»w-aßß»iiuiiiiwmJ nJ,ni!ar FDR VSL I m I LME HAUL LGB OAK Ft* Wl SM LIE HAUL SA¥ LM RTC HMUN HAMBURG ONE 20/11 MECT 12/12 15/12 H. KNANG TANG M2E IS/11 R SAVANNAH 029E 2C/12 27/12 29/12 HARM FELIXSTOWE 010E 2S/U BRECT 16 12 19/12 HARM KIMSAR
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      1153 38 —1 J _i mT J a 1 «J _J ImsPMtntuumninMiiDiJiMHnciMMWWMtntcMit w I c aanr k«i ivii t> n 11/11 a/u a/u 25/11 zs/n 21/11 a/11 a/u im 11/11 a/u a/11 a/11 7/1 1/1 1/1 11/1 12/1 a/i 1/2 5/2 4/2 I oumt *«s 21/1122/u a/u a/12 a/u vu vu s/12
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      1938 39 NEPTUNE AGENCIES PTE LTD SINGAPORE TEL: *****77 (CR NO: **********0E) BOOKINGS: NEPTUNE LINK TEL: *****00 UK/EUROPE SERVICE *****19 USA SERVICE *****16 AUST/INOtA/PAK SERVICE *****18 FAR EAST SERVICE *****48 TERMINAL OFFICE *****22 DOCUMENTATION DEPT: *****44/ *****14 CFS: MB2 IMPORT: *****69/*****50 CFS: MB2 EXPORT: *****53/*****04 mSBS nepline sdn bhd Malaysia K.L.-(03) *****33.
      1,938 words
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      Page 39 Advertisements Column 2
      980 39 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD BOOKING: *****51/ *****64/ *****59 (FESCO LINE) ENQUIRIES: *****33 KL: 03-*****75/697 PORT KELANG: *****43/ *****40 PENANG: *****4/ *****8 JOHORE BAHRU: *****1/ *****1 (REGULAR INDEPENDENT SERVICE) FULL CONTAINEBSHIP SERVICES miUMP-CBCHWSHS «IHM» ABM HWMIH m mani wr |mu> trnt ww |i |m lit B |m |nn
      980 words
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      1596 40 K"w W* ,f AS AGENTS: KAWASAKI BINQAPORE (PTE) LTD ICR No: 1244C*****0M) W W TEL *****77 TELEX: KAWAKIRS23I6S FAX: *****07/8/9 I I I |\l mi MALAYSIA: "K* UNEMAMTIME (MALAYSIA) SON BHD JL Bb MmJr JL MZJ TEL SA *****00 PK *****01/5 PENANG *****0 JB *****1 ■■■i KAWASAKI KISEN KAISHA, LTD
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      1173 40 I ®SS PHIII-ORI€NT UN€S PTC LTD 10S Robinson Road #07-00 GMG Building Singapore 0106 T«i: *****22/*****68/*****00 Talox: RS ***** PHIU FAX: *****78/*****36 BY AIR, LAND OR SEA..„. WE TAKE ON THE WORLD FOR YOU MEMBER OF SINGAPORE FREIGHT FORWARDERS ASSOCIATION 16 NOV DUBAI. DAMMAN. SHARJAH. DOHA. 19 NOV MONTREAL. OTTAWA.
      1,173 words
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      1176 41 PACIFIC INTERNATIONAL LINES (PTE) LTD SSSSSiI m fli PIL Bortdtng, 140 Cecil Street *03-00, Singapore 0106. Jakarta I Bangkok i VESSEL VOY SIN JKT SIN VESSEL VOV SIN BKK SIN SUNOA TERATAI 4SS 17/11 IS/11 23/11 PEGASUS PROGRESS SSIN IS/11 «/11 M/ 11 EDEN 471 IS/11 11/11 SS/11 KOTA SUMA
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      Page 41 Advertisements Column 2
      614 41 f BEN LINE CONTAINERS LTD 200 Cantonment Road Tel: *****22 #13-05 Southpoint IJMA Fax: *****63 Singapore 0208. Telex: RS ***** wpooc. VOYNOS SPORE LEHAVRE ROTTERDAM S'HAMPTON HAMBURG GOTHENBURG ESS FRANCE HOLLAND UK GERMANY/SCAN SWEDEN NedHoyd Houtman <06 14/11 5/12 6/12 Nedlloyd Deitma' 416 18/11 5/12 6/12 8/12 9/12 Citv ol
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      330 41 m BEN ASIA CONTAINER SERVICE I I t£E M PtfMM Prawns VS92N 15 Nw 19 Nw bftnaty VIS9N II Nw 22 Nw Ptftsus Nfitt VC93N 22 Nw 26 Nw tafwaity VISON 25 Nw 29 Nw Ganaral Afanti: T«fc *****22 Ban Law Afudw (S) Pta LM f«: *****63 lINTAN6 MAS SNIPPING
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      422 41 I =fjLl m MYANMA W FIVE STAR UNE W (Myinmar National Una) Loading for Yangon (Rangoon): S pore P.KIf Pan P Gdf MERGU Vllo* In Pt MP*-AM VICM) It/21 No* PWYA VIISW 23/25 No» PAGAN VI7CW 2C/2S Nov MPA-AN VI7OW 30/2 OK THE BANK UNI (A service of Andrew Wetr
      422 words
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      752 43 r ScanDutchy j TO EUROPE (NORTH CONTINENT-UK-SCANDINAVIA) WEEKLY WHXW Villa PJClAiaa PtHAMO OCWVIMIt BW Lt HAVWK(t)irDAI4<») ••HAMrTOWO) W»UWO<4) gauwodl Sarafa/W mrnm 11/11 t/U 1/11 7/11 a Haa*aaa/40i l*n 5/12 (/It a. Saraja/W Otaa 10/11 «/tl 9/11 7/11 R. Dajka*/418 10/11 S/lt 0/12 VU 0/12 a lMja/1. Otaa 10/11 VU 1/11
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      610 43 JF Nedloyd MEDLLOYD MEDITERRANEAN T Nedlloyd Lines SERVICE OFFERS YOU 19 DAYS TO BARCELONA HEW TFAIAHft/FIH umi 17 •>. *fw tkk Sm SVva Auckland Fii(A) HPtywntt(A) Thmni LytMIM*(D Dm*(l) IMpMr Mdh|M»(o Tavaaga S niW SS I'/!! SS I" H .K? .ft? .I'll SS jgj 2 5/12 4/12 4/12 6/12 1/12
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      714 44 TO AUSTRALIA/NEW ZEALAND W TsS iFrwi llMk |SH JAoS INK |P CHAIM MARTHA IMI IS/11 75/11 1/12 4/U 9/12 11/12 12/12 ILLEW MLMS~2W 1/12 9/12 14/12 11/12 24/12 27/12 MUSSa 2(3 19/12 21/12 "571 1/1 14/1 wTI C. VOOLME 2(4 5/1 12/1 17/1 21/1 2S/1 *75 TO USA/CANADA WL Ts»
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      795 44 EXPORTS TO HONGKONG, TAIWAN. MANIA I JAPAN "TIKE WEEKLY" MALACCA STRAITS SERVICE OUTBOUND VQY PHI PEN *1 I«N I MNL W6 KAO KE£ TYO SUU N6O KOB II QtSSa WW |SN IfW. FBI MW «R~l ACI IASMM IB *17.11 *1511 11.11 10.11 19.11 21 11 20.11 27 11 20 11
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      182 44 SEAWARD SHIPPING AND I TRADING CO (S) PTE LTD eta eta eta SPOOE Km KEUNC PENANG HUE MK 21/11 Loading tor M»le MAM HUDHU 2/12 loading tor Calcutta OOUWI SMI CD Loading For Nate PWNEIII «VKiK 2/12 Loading For M* DONAKULM 15/12 Loaded For Fefcwtru progress unm 2/12 31/11 30/11
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      1498 44 rsiriTTf~v^ CHINA OCEAN SHIPPIHO COMPANY PULL CONTAINER LINER SERVICE mum's AGENTS SINGAPORE'S GENERAL AGENTS MMWESM'S AGENTS: CHUNG CHUO SHIPPING SON BHD COSTAR SHTPMG PTE LTD GLOBAL PUTRA KL TEL: *****91/17 FAX *****92. ***** INDONESIA MAR IT ME P. KLANC TE 3U5106/S TU M» *503 JH7OO kmk ia:««■««.TOttß awi/i coar n-n.mijmw.mm
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      730 45 fit FAMOUS CONTAINER LINES 1 o ANSON RD. #15-21 INTERNATIONAL PLAZA. S PORE 0207 HOT LINE *****33 24 LINES UMASSOL/PREAUS 17/tl ROTTERDAM 17/11 HAFA/ASHDOO/ALEXANDRIA 17/tl HAMBURG/BREMEN 17/tl MARSEILE/FRANCE 17/11 FELIXSTOWE/UK 17/tl BARCELONA/SPAIN 17/11 LEHAVRE/ANTWERP 17/11 GENOA/ITALY 17/tl GOTHENBURG/SCANDINAVIA 17/tl 10$ ANGELES/WC/PI 17/tl SYDNEY/MELBOURNE 15/11 NEW YORK/EC 17/tl FREMANTLE 15/11 VANCOUVER
      730 words
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      955 45 BTiSInELMUUMSnSENcIE^KTnn TEL: *****33 (12 Uom) m FAX: *****18/*****03 QO TELEX: R8 ***** RfSHIP (3 Urn*) W'(P\ mmuMvmfmum r 1 (National Ums of Ethiopia) ACCEPTING FCL AND CONVENTIONAL VESSEL |VOY ETA LOADING FOR SPORE ANOINET »M 16/12 OARESSALAAM. MOMBASA DJIBOUTI ASSAB MASSAWA ABYOT 27W8 15/01 OARESSALAAM. MOMBASA DJIBOUTI ASSAB MASSAWA H
      955 words
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      810 45 JAKARTA BANGKOK mm I wi sai I an \mm Im mmrm Hi OKA BHUM 117S 1W H/ll NANT* BHUM MM *Pt 14/11 Sm 17/11 |i EAGU WW) 1«1 17£U 22/11 MM BMW 09N Fit 15/11 OwR B nm mi GUM aHUM MM F»1 15/11 U/ll~| QUI MAHA BHUM# 83N Sal
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      1126 46 S'PORE MP0RT:"*****02 j PENANQ: (04) *****6 SIBU: (084) *****9 KK: (068 *****0 TAWAU: (089) *****9 P.KELANQ: (03) *****77 JAKARTA: (21) *****32 KUCHINQ: (082) *****3 SURABAYA: (31) *****0 pru PK PEN PK SIN IS/11 15/11 17/,, Cotanbo 18/11 19/11 20/11 15/11 16/11 17/11 Ldn/nx/Rdm/Ant Ourban/Pt Louis 18/11 19/11 20/11 21/11 22/11
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      Page 46 Advertisements Column 2
      317 46 BLUE STAR UNE TO FROM HTNEW ZEALAND AND T/S TO FUI TO AND FROM NEW ZEALAND PORTS sw in mi in sm MANDAMA 0501 11/11 39/11 WW NPI 2/12 29/12 PREIflEft 15S 25/11 9/11 VIA NPI 11 /II 29/11 MULBERA 24S 11/12 23/12 VIA NPI 25/12 11/1 FULLY CONTAINERISED SAILINGS
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      Page 46 Advertisements Column 3
      1096 46 I THONG SOON LIMES PTE LTD. 77 ROBINSON ROAO #15-00, #16-00 SIA BUILDING SINGAPORE 0106 TEL: *****88 FAX NO: *****11, *****22 TLX: RS ***** CARRIER. RS ***** JENHOL CABLE: TOSOCO rCQMVmnONAL/CQHTAIMM J g COMTAIWM SSSWBSS SINGAPORE TO WEST MALAYSIA SINGAPORE TO WEST MALAYSIA rasa \wi lira Inn wssa wi srm
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  • Page 49 Advertisements
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      Page 49 Advertisements Column 1
      120 49 BusinessTmes 32SS you're a surgeon, lawyer, contractor or engineer, all the current trends that affect them. you need to be kept well informed to maximise returns on u fl your money. Essential information accessible every business day T through Business Times. In the same way a surgeon needs his tools
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  • Page 49 Miscellaneous
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      Page 49 Miscellaneous Column 1
      306 49 TIDES AND WEATHER TODAY'S TIOCS (height in metres) HOIIOOOI 0100 0200 0900 MM MOO MOO 0700 OHO *****M*****1200 13M14M15M16M 17M10M1900 20M 21M 2200 23M ]R 1 1 14 17 19 2 0 2 0 19 1 7 1.5 14 14 16 19 2 2 2 5 2 6 2 6
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      Page 50 Advertisements Column 1
      609 50 CHARTPOINT Every Saturday in Business Times I HYUNDAI MERCHANT MARME CO. LTD. Sn aw!! am mh aamamam am mmm m vu a/u a/u mmm M b/ii wu am a. caaam at a/u am am am a* am m nm n/u am mmmm aa am am va tan anmamam am omenta
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      Page 50 Advertisements Column 2
      99 50 TWICE WEEKLY SMUNGS HM IMM IBTIfIW VESSEL JOSMPO SATO SOUTH BOUND NORTH BOUND VOY. P. GUDANG VOY. SMGATORE 051S 15/11 K2N 11/11 •US lt/U *5311 11/11 053$ 22/11 I5«l 23/11 K4S 25/11 055N 21/11 955S 29/11 05SN 31/11 •SCS 2/12 ***** 3/12 RASIR QUOANQ SINGAPORE (DT) **********11 (08)83*4)048 CONTAWO service
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      Page 50 Advertisements Column 3
      529 50 CHARTPOINT Every Saturday Business Times 1/CTviSA FREIGHT SERVICES PTE LTDO We Sail The World For You REGULAR GROUPAGE La CONSOLIDATION SERVICES IMPORT A EXTORT -gV r Occsnia Poit-olOrf! Far East ExfCall Australia: Ban** Sydney Hong Kong Melbourne Manila Fremantle Keelung New Zealand: ft"" Auckland S i A ii PBn#nj (Accepting
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