The Business Times, 26 March 1992

Microfilm: NL17813
Total Pages: 56
1 56 The Business Times
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  • Title Section
    Masthead
    16 1 BUSINESS TIMES MITA (P) 35/12/91 Thursday, March 26, 1992 THE BUSINESS PAPER FOR S-E ASIA 75*
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  • NEWS SUMMARY
    • Article
      US durable goods orders down 0.1pc in February
      84 1 WASHINGTON Orders to US factories for durable goods slipped 0.1 per cent in February, the second decline in three months, the US government said yesterday. A 19.4 per cent plunge in the volatile dcfence category was a major cause of the latest
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    • Article
      Indonesia rejects Dutch aid
      36 1 JAKARTA Indonesia yesterday rejected Dutch development assistance and called for the dissolution of the intergovernmental group on Indonesia, a consortium of its major Western aid donors which is chaired by the Netherlands.
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    • Article
      PUB plans upgrading
      19 1 SINGAPORE'S Public Utilities Board (PUB) has proposed spending $10.6 billion on upgrading its facilities. Page 3
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    • Article
      Tetra Pak investment
      33 1 SOFT DRINK package maker Tetra Pak Pacific Pte Ltd yesterday announced plans to invest more than $50 million to boost capacity over the next three to four years Page 3
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    • Article
      Indon election rules
      25 1 CANDIDATES in Indonesia's upcoming parliamentary elections have been issued compaigning guidelines relating to issues on state ideology, religion and race Page 12
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    • Article
      US electronic link-ups
      33 1 NEARLY NINE of 10 US electronics companies have formed alliances with rivals and friends to help them compete more efficiently, according to a survey of chief executive officers Page 13
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    • Article
      More bad ads
      40 1 THE YEAR 1991 witnessed a marked increase in the number of objectionable advertisements in Singapore. Asas, the watchdog of the advertising business, withdrew almost twice as many advertisements last year as it did in 1990 Page 16
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    • Article
      PSA improves control
      47 1 THE Port of Singapore of Authority is further improving its ability to command and control traffic in the port following the recent award of a $20 million contract to Norcontrol of Norway for the installation of two electronic traffic systems. Shipping Times Page I
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  • MARKETS SUMMARY
    • Article
      Dow lower
      27 1 WALL STREET opened little changed yesterday, with the Dow Jones index of leading industrial shares down 0.45 point at 3,260.51 five minutes after the opening.
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    • Article
      Footsie lower
      39 1 LONDON SHARES were lower at midday yesterday, after new opinion polls placed the Labour Party ahead of the ruling Conservatives. At 1200 GMT, the FTSE 100-Share Index was down 2.6 points, or 0.1 per cent, at 2,456.6.
      39 words
    • Article
      OCBC earnings up
      30 1 GROUP net earnings at OCBC Bank last year rose by 13.9 per cent to $255.75 million, thanks to improved results from treasury and feebased activities. Page 4
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    • Article
      SES queries L&M
      56 1 THE Stock Exchange of Singapore yesterday queried L&M Group Investments Ltd over the huge provision that the company made for its unaudited interim results. Meanwhile, Guthrie GTS Ltd reported that its stake in L&M, its takeover target, has reached 59.87 per cent. This means that its takeover
      56 words
    • Article
      Haw Par woes
      20 1 POOR trading conditions in the second half contributed to Haw Par Brothers International's lower earnings Page 4
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    • Article
      CURRENCIES
      30 1 London Gold AM fix USS340.I0 US$2.35 Exchange rates USS SS 1.6590 100 Yen SS 1.2394 MS SS 0.6425 Money market rates Overnight 2 7/8 unch 3-month 3 5/16% +1/16
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    • Article
      COMMODITIES
      30 1 Rubber S'pore Apr 140.75'/kg -0.50 M'sia Apr 217.50*/kg +0.50 KL Fin Turnover 67 tonnes +20 Spot MSl4.17/kg unch Crude palm oil Turnover 794 lots -355 June M$917 /tonne +7
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    • Article, Illustration
      STOCK INDICES
      30 1 Wednesday Change BT-MGA 698.62 +4.21 Kuala Lumpur ....607.40 -2.50 Tokyo 20,226.78 +335.21 Hongkong 5,052.23 -0.09 Sy dney 1,582.0 -1.4 Tuesday Change New York 3,260.% -11.18 London 2,458.72 +17.7
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  • Article
    Lock icon Ruling party suffers humiliating setback
    313 1 South Korea's general election Reuter AP SEOUL South Korean voters stripped the ruling Democratic Liberal Party (DLP) of its comfortable majority and delivered a humiliating election setback for President Roh Tae-woo, provisional results showed. A Central Election Management Committee official said results indicated the DLP
    Reuter; AP  -  313 words
  • Article
    Beware barriers on road to Afta, warns report
    570 1  -  Another study notes effect of world capital shortfall on Asean Reports by Kenneth James SINGAPORE Watch out for pitfalls, caution two new reports that highlight potential problems in the Asean economies, among them barriers to achieving an Asean Free Trade Area (Afta),
    570 words
  • Article
    Capital crunch seen hitting markets
    255 1 SINGAPORE The global capital crunch will hit the inflow of short-term speculative portfolio investments, although several factors will lighten the impact, DBS Bank says in a report. The bank notes that there has been a surge of foreign interest in the region's stockmarkets in recent
    255 words
  • Article
    SIA may be asked to help set up domestic Indian airline
    370 1  -  BG Lee's visit to India From Rajendra Bajpai in NEW DELHI AN Indian company is discussing setting up a domestic airline in India with the help of Singapore Airlines to compete with the state-controlled Indian Airlines, sources say. The
    370 words
  • Article
    Lock icon Pro-military parties pick tycoon Narong as premier
    379 1 Thailand's general election Reuter AFP AP BANGKOK Thailand's pro-military parties have chosen an elected business tycoon, Narong Wongwan, to be the country's next prime minister. Leaders of four of the five main parties in the coalition told a news conference yesterday that they
    Reuter; AFP; AP  -  379 words
  • Article
    TRENDS in BT
    109 1 TRENDS, a monthly public*tion of the Institute of Southeast Asian Studies, which was previously distributed with The Sunday Times, makes its first appearance in today's BT. The lead story in this month's issue of TRENDS focuses on the divergent economic conduct of East Asia's newly industrialising economies.
    109 words
  • Article
    NatSteel: What now?
    63 1 STEEL, once the bulwark of Nat Steel Ltd, is losing its strength. This has pushed Singapore's only steel producer to cast about for new growth options. It has settled for a stake in the leisure busi- ness to pull in the profits. But will its Ss9s million
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  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      250 1 Cassette Receiver C Series FUJITSU TEN AMATEUR PHOTO STORES PTE LTD. Singapore Phone. 235 1333 Kuala Lumper Phone 757 0233 Ptnaftf: Phone 615 965/619 014 Jakarta: Phone 374 065/380 1472 US recovery hopes, Pg 13 Ad Marketing 16 Money Changer Rates 20 World Stock Markets 29 Aircraft Schedule 20 Money
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    • Advertisement
      Page 1 Advertisements Column 2
      85 1 Setback for Roh's party sends stocks tumbling, Pg 2 BRUN^MAGLI Marlex Marketing Pt« ltd Tel: 7)4 949* fox: 737 *192 Boutique: Centrepolnt #01-30 Tel: 737 4509 JW Open Dally from 10 OOom to 8 00pm 'Iflh Corner*: Metro Orchord Holleys Also available Cinderella Shoe Co Golden Shoes Isetan Meow Lee
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      Page 1 Advertisements Column 3
      14 1 I 368 I PM-designate brushes aside drug links claims, Pg 2 Analysis, Page 15
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  • PAGE 2 NEWS
    • Article
      Pressure mounts on Indon govt to control monopolies
      555 2  -  Sharp rise in public complaints about their activities From Maggie Ford in JAKARTA INDONESIAN MINISTERS are coming under increasing pressure to exercise control of the growing number of business monopolies granted to politically well-connected individuals. The monopolies are at odds with Indonesia's
      555 words
    • Article, Illustration
      Lock icon PM-designate brushes aside claims of drug links
      468 2 Thailand's general election Reuter AFP BANGKOK Thailand's prime minister-designate has brushed aside claims that he has links with the drugs trade and said he will ignore the accusations. In an impromptu meeting with reporters immediately after the announcement that he would head a
      Reuter; AFP  -  468 words
    • Article
      Lock icon Daim denies improper link in Japanese scandal
      216 2 AFP SINGAPORE Malaysia's former Finance Minister Daim Zaiauddin has denied nny improper link with a group of transport companies at the heart of a bribery scandnl in Japan. Mr Daim has told the Hongkong-based Far Eastern Economic Review (Feer) that his dealings with
      AFP  -  216 words
    • Article, Illustration
      Lock icon Setback for ruling party sends stocks tumbling, worries industry
      639 2 South Korea's general election Reuter SEOUL A stunning general election setback for the ruling Democratic Liberal Party (DLP) sent jitters throughout South Korean business circles and caused the stock market to plunge yesterday. Stocks slumped from the opening bell on news
      Reuter  -  639 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      560 2 (Incorporated In Malaysia) AUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 1991 The Directors are pleased to announce the audited results of the Bank and the Group for the year ended 31 December 1991 as folows:THE BANK THE GROUP 1 1990 Change Ms*ooo h^ mSm 36,909) 15 41,233; 19/ (14,980)
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  • SINGAPORE NEWS
    • Article
      PUB to spend $10.6b over next 10 years
      511 3  -  New power plants to be built, network improved Reports by Lilian Ang -The PUBLIC Utilities I&oard (PUB) will spend $-10.6 billion over the next 10 yfears on upgrading its facilities to ensure that the growing demand for electricity is ipet efficiently. The
      511 words
    • Article
      Lower electricity bills help households, firms save $800 m
      337 3 t«OWER electricity bills 'hfelped businesses and households in Singapore save a tot£l of $800 million last year. Mr Goh Tiak Theng, the Public Utilities Board's (PUB) director of corporate planning, told BT that reductions in the board's electricity tariffs had helped
      337 words
    • Article
      Ow Chin Hock to take over Feedback Unit
      381 3 OW Chin Hock, economist and a Member of Parliament vocal about preserving Ijfcunese culture and values, JwH replace Mr Chandra Das •<s-chairman of the Feedback "Oilit from April 1. -Besides Dr Ow, the new Jjeedback Unit Supervisory announced yesterday 4Jy the Ministry
      381 words
    • Article, Illustration
      Natas, airline clearing house in talks on non-payment risks
      355 3  -  By Sangeeta Mulchand NEGOTIATIONS are going on between the National Association of Travel Agents Singapore (Natas) and airline clearing house Bank Settlement Plan (BSP) to allow travel agents to use a blanket insurance scheme to hedge against non-payment risks. This would
      355 words
    • Article, Illustration
      3 Tanjong Pagar bids not taken up, so URA to tender again
      301 3  -  By Colin Tan THREE shophouses in the Tanjong Pagar conservation area have been put up for sale again after successful tenderers did not proceed with their purchases. Lots 18, 19 and 21 were among 28 shophouses along Tanjong
      301 words
    • NEWS ROUNDUP
      • Article
        S Africa's Pik Botha to call on PM Goh today
        49 3 SOUTH African Foreign Affairs Minister Roelof "Pik" Botha is scheduled to call on Prime Minister Goh Chok Tong today at the Istana. After meeting Mr Goh, Mr Botha will call on Senior Minister Lee Kuan Yew at the Istana.
        49 words
      • Article
        S'pore to host law meeting
        79 3 SINGAPORE will host a meeting of senior officials of Commonwealth law ministries next week, attended by more than 50 delegates from 30 Commonwealth countries. Attorneysgeneral, solicitors-general, permanent secretaries and senior law officials will attend the four-day meeting, to be held in Singapore for the first
        79 words
      • Article
        New stat board on April 1
        43 3 A NEW statutory board, the Institute of Technical Education, Singapore, will be officially formed on April 1. The institute will take over the functions of the Vocational and Industrial Training Board. All VITB institutes will be renamed.
        43 words
      • Article
        Thomson, NTU sign memorandum
        58 3 THOMSON Consumer Electronics and Nanyang Technological University signed a memorandum of understanding yesterday to jointly develop technological training in Singapore. A key element is $140,000 worth of scholarships, which Thomson will sponsor, for NTU undergraduates. The agreement also comprises industrial projects/attachments for NTU students, consultancy and
        58 words
      • Article
        Dhana's wife to launch book
        53 3 MRS S Dhanabalan, wife of the Minister for National Development, will be guest of honour at a function marking the publication of the book Naturally Yours, Singapore on Saturday. The book, by Dr Tan Wee Kiat, portrays in words and pictures Singapore's wildlife sanctuaries, parks
        53 words
    • Article, Illustration
      Tetra Pak to invest $50m
      277 3  -  By Kooi Cho Teng SOFT DRINK package maker Tetra Pak Pacific Pte Ltd, the largest Swedish investor here, yesterday announced plans to invest more than $50 million to boost capacity over the next three to four years. The company is also planning to soon have
      277 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      58 3 Definitely for the quiet Omega Speedmaster Profnuonal w/T t_Jmm ijchronograph in Keel with engraved inscription i 7 "The Firs Watch Worn on the Moon* J^MWMfI on the caae back. Swim mad* MR IMS. pf^ The sign of excellence. Sole Agent and Service Centre: SILVAROYAL PTE LTD. 250 North Bridge Road
      58 words
    • Advertisement
      Page 3 Advertisements Column 2
      105 3 BUY NOW! LIMITED UNTIS AVAILABLE CALGARY CANADA INVESTMENT CANADA 'S FASTEST GROWING CITY 10% Down payment (While Units Last) 90% Financing available ISliiSiASuSSaliil Up 1 n-\ XSrop 110 1 I J I I BflKfCSiBHi >\i®unwAi. Q I Calgary's Point Trotter Land I Commeidal Industrial I Industrial Land in Calgary's Commercial
      105 words
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  • COMPANY NEWS 1
    • COMPANY BRIEFS
      • Article
        First Capital's fixed rate bonds set at 5.25 pc
        78 4 SINGAPORE The coupon rate for the Ssss million fixed rate bonds (due 1997) to be issued by First Capital Corporation Ltd has been fixed at 5.25 per cent. The offer price for the 81.64 million warrants, which will be issued with
        78 words
      • Article
        Neptune Orient's bond issue rate
        42 4 SINGAPORE The interest rate on the Neptune Orient $400 million hybrid bond issue has been fixed at 4.5625 per cent for the period March 27 to June 29. The coupon amount payable on each note is $2,937.50.
        42 words
      • Article
        YHS asked for results breakdown
        60 4 SINGAPORE The Stock Exchange of Singapore has requested Yeo Hiap Seng Ltd to give a breakdown of its turnover and pre-tax profit by its major operations for the financial years 1990 and 1991. The company is also required to review the performance of Chun King
        60 words
      • Article
        Mycom proposes bonus issue
        43 4 KUALA LUMPUR Mycom Bhd has proposed a one-for-two bonus issue which will be capitalised from Mycom's share premium account and unappropriated profit account. The proposed issue would raise Mycom's capital base by 54.72 million shares to 164.16 million shares.
        43 words
      • Article
        Batu Lintang back in the black
        61 4 KUALA LUMPUR Batu Lintang Rubber Company Bhd made a group pre-tax profit of M 54.58 million (552.94 million) for the year ended Sep 30, 1991, from a pre-tax loss of MS 1.99 million previously. Group turnover shot up by 412 per cent to M
        61 words
      • Article
        Corrugated Carton's profits rise
        55 4 KUALA LUMPUR Corrugated Carton Products Bhd posted a group pre-tax operating profit of MS 5.69 million (553.66 million) in 1991, up 46 per cent from M 53.89 million previously. Turnover rose 15 per cent to M 537.82 million. A gross first and final dividend of 10
        55 words
      • Article
        Esso's after-tax profit up 42pc
        64 4 KUALA LUMPUR Esso Malaysia Bhd made a 42 per cent gain in group after-tax profit to MS 104.3 million (SS67 million) in 1991, boosted by strong refining margins. Turnover amounted to MS 1.74 billion, compared to MS 1.72 billion in 1990. Esso has proposed a
        64 words
      • Article
        NST buys Metro Ikhlas for M$2
        58 4 SINGAPORE The New Straits Times Press (M) Bhd has bought the entire issued share capital of Metro Ikhlas Sdn Bhd for MS2 (551.29). Metro Ikhlas was incorporated in Malaysia on Jan 23 this year and will be involved in marketing computers. It changed its
        58 words
    • Article
      OCBC group earnings rise 14pc to $256 m
      524 4  -  Results in banking, treasury, fee-based and overseas activities improve By Magdalene Ng SINGAPORE OCBC Bank did well last year, with group earnings boosted by better results from its banking, treasury, fee-based and overseas activities. OCBC made group net earnings of $255.75 million
      524 words
    • Article
      Lock icon Golden Hope banking on property
      320 4 Four projects are on-going Bernama KUALA LUMPUR The Golden Hope Plantations Bhd Group would go full swing into property development now that its shareholders have approved various proposals to effect this move, said chairman Tun Ismail Ali yesterday. Speaking after the company's extraordinary general meeting
      Bernama  -  320 words
    • Article
      MBf Holdings aborts plan to buy 33pc MUI stake
      460 4  -  From Leslie Lopez in KUALA LUMPUR MALAYSIA'S MBf Holdings Bhd has aborted its plan to acquire a significant stake in Malayan United Industries Bhd (MUI), again turning the battle for the group into a two-way fight between MUI chief Khoo Kay
      460 words
    • Article
      Haw Par's net earnings fall 32pc
      488 4  -  By Genevieve Cua SINGAPORE Haw Par Brothers International's net earnings dipped 32 per cent to 5i7.3 million in the year ended last December, reflecting the restructuring that started two years ago, and drastically poorer trading conditions in the second half. Group net earnings in
      488 words
    • Article
      SES queries L&M over $8.1m provision for losses
      367 4  -  Accounting policies questioned By Sylvia Wong SINGAPORE Even as Guthrie GTS Ltd announced that its stake in L&M Group Investments Ltd had reached 59.87 per cent, making its takeover offer unconditional, controversy over L&M's interim results deepened yesterday with the stock exchange
      367 words
    • Article
      Bolton to launch JB condo project
      227 4  -  From Lilian Aug in JOHOR BARU KUALA LUMPUR-LISTED Bolton Properties Bhd is on the point of launching a condominium project in Johor Baru, where developers have so far focused more on landed properties. Mr KC Chin, executive director of Colliers Jordan Lee Jaafar, property
      227 words
    • Article
      Lock icon Jardine Matheson posts 18pc rise in net profits
      455 5 Reuter HONGKONG Jardine Matheson Holdings Ltd yesterday announced a better-than-expected 18 per cent jump in 1991 net profits and said it is confident that dynamic growth in the AsiaPacific region guarantees future growth prospects. The trading conglomerate returned a profit of HK5270.8
      Reuter  -  455 words
    • Article, Illustration
      Lock icon Private sector takes over PAL
      406 5 Reuter >4MANILA The government turned over control of •Philippine Airlines (PAL) to the private sector yesterday, closing a chapter in President «Corazon Aquino's programme to sell off major state companies. -r. The sale of PAL's majority stake to a new private consortium represents the government's
      Reuter  -  406 words
    • Article
      Airline gets new board of directors
      137 5 MANILA The newlyprivatised Philippine Airlines ,(PAL) has elected a new board of directors following '.the government's transfer of control of the 51-year-old company to a private consortium. The board elected businessman Antonio Cojuangco, chairman of the consortium PR Holdings, as chairman and president of
      137 words
    • Article
      Siam Steel set to invest in stainless steel complex
      274 5 BANGKOK The Siam Steel Group, the country's biggest user of steel sheets, is preparing to invest in an integrated stainless steel project worth 6.5 billion baht (SS4I9 million) for units upstream, intermediate and downstream. The Nation reported that three units will
      274 words
    • Article
      Lock icon Japan set to allow foreign ownership of NTT shares
      561 5 NYT JAPAN Japan is moving to allow foreigners to buy a stake in its largest company, Nippon Telegraph Telephone Corp (N i l It is an offer that foreigners can be grateful was not made earlier. The shares of NTT, once
      NYT  -  561 words
    • Article
      Lock icon Matsushita not hurt by scandal
      482 5 Company's share price fell by a mere 20 yen yesterday AFP TOKYO Matsushita Electric Industrial Co Ltd included losses on loans to the mysterious woman behind Japan's largest fraud case when the company revised its profit forecast last month, a spokesman said yesterday. The losses,
      AFP  -  482 words
    • COMPANY BRIEFS
      • Article
        Shanghai bourse to get 5 new listings tomorrow
        135 5 BEIJING Five new stocks will be listed on the Shanghai Stock Exchange tomorrow, increasing the bourse's total to 15 from 10, an exchange spokesman said. The new issues include United Spinning and Weaving Industrial, which is China's first joint venture to go
        135 words
      • Article
        Aussie airline under liquidators
        95 5 SYDNEY Australia's fledgling third domestic carrier was grounded yesterday before it had put a single aircraft into the air. AAA Airlines, which had hired staff and was preparing to battle the two established carriers, Ansett and Australian Airlines, went into provisional liquidation. The carrier, promising a
        95 words
      • Article
        ABB, Marubeni in Indon deal
        74 5 JAKARTA Indonesia's state electricity company PLN said it had signed an US$B2O million (551.36 billion) contract with Asea Brown Boveri AG (ABB) and Marubeni Corp to build a combined cycle oil and gas-fired power plant. The contract includes construction of a 1,180-megawatt plant, building and
        74 words
      • Article
        News Ltd unit's profits drop
        91 5 WELLINGTON The Independent Newspapers Ltd chain, half owned by Rupert Murdoch's News Ltd, said yesterday it was expecting a "considerable improvement" in annual result later this year, despite a half yearly drop in profit. INL, which owns dailies in most cities, all three Sundays and
        91 words
      • Article
        Kobe Steel to build Penang plant
        85 5 TOKYO Japan's Kobe Steel Ltd said yesterday it would invest Ms4s million (Ss3o million) in a new unit to make aluminium parts for South-east Asian computer and harddisc drive producers. The new company in Penang, Precision Technology Sdn Bhd, will be capitalised at Ms2l
        85 words
    • Article
      Lock icon Reichmanns call in NY banker to help restructure debts
      515 7 Reuter OTTAWA The Reichmann brothers, battling to save the world's largest property empire, called in a prominent New York banker on Tuesday to help their company restructure its crippling debts. Olympia York Developments Ltd said Paul Reichmann will step down as
      Reuter  -  515 words
    • Article, Illustration
      Lock icon Heavy losses knock out Punch
      232 7 AP LONDON Punch, a satirical weekly that has poked fun at politicians for the last 150 y£ars, said on Tuesday that it will close next month because of poor sales and heavy losses. United Newspapers, which owns the magazine, said that it could no longer
      AP  -  232 words
    • Article
      Lock icon Agnellis, Nestle settle long Perrier takeover battle
      344 7 Reuter PARIS The Agnelli family of Italy and Swiss food group Nestle on Tuesday unveiled a deal to end a long takeover battle and shift control of Perrier, the world's largest bottler of mineral water, to Nestle and its ally Banque Indosuez. s,
      Reuter  -  344 words
    • Article
      Four Seasons' senior debt put on ratings alert
      493 7  -  Move comes after accord with Japanese group From Paul Gopal in OTTAWA FOUR Seasons Hotels' senior debt has been put on a ratings alert, soon after it announced a preliminary agreement with a Japanese property group, under which the Toronto-based hotel chain
      493 words
    • COMPANY BRIEFS
      • Article
        IBM introduces notebook, colour laptop
        91 7 NEW YORK International Business Machines Corp made a late entry into the market for notebook-sized personal computers on Tuesday by unveiling two products one for the cost-conscious novice and another for members of the computer gentry. The world's biggest computer company also introduced its first
        91 words
      • Article
        IBM's China venture
        63 7 BEIJING An IBM representative has announced plans for a new venture in Beijing that will manufacture computers and develop software, an official Chinese newspaper reported Wednesday. The English-language China Daily said Kent Smith, chief representative of IBM's Beijing office, told a seminar on Tuesday that the project
        63 words
      • Article
        Poor results hurt Lasmo shares
        74 7 LONDON Shares in Lasmo pic sank ISp to 189p by 0844 GMT yesterday, after the oil and gas company disappointed the market with lower-than-expected 1991 profits. Lasmo reported net income of £18 million (5550.4 million), compared with a restated £38 million in 1990, hit by
        74 words
      • Article
        Hoechst sees tough year ahead
        70 7 FRANKFURT German chemicals and pharmaceuticals group Hoechst AG on Tuesday said that sales growth was minimal in the first two months of this year, and the outlook was poor. Management board chairman Wolfgang Hilger said group sales rose by about 3 per cent in the
        70 words
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      Page 5 Advertisements Column 1
      104 5 *<S 1 a \fl r W Mm* '*~m Hs I* |HHp JM i «Jf3 g i ■sJM B 91 A HtftßSteMr Ji L jk M r HBL Go on. Take the plunge with your partner and savour the tempting creations made from the season's freshest harvests: air-flown salmon, spring salads,
      104 words
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  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      273 6 W"' t Ats M jfSlßift Wi|^^^Hp JE %%g?asB3Ba& m. JKI Mb"«» in, &.1 9 dBl ■<. fife 4HT mtm JE& x s 'iBBI#: IK BH^^^^^HBHi IQk i B». f J|BjMffl!^HF^l^Hif t —£*f: f* K mm *-4j <: lj| JT V jl r ML w *mtr |H| *t k SgPr x
      273 words
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  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      81 7 Problem loans in property nay hit Ctnadtaa banks, Page 9 We'll be back. 1 /-V ;*f 4 v- >.-* y *'V JBr if -if IF 1 H|i|M I liif I -J\ H BH iMffn' ..iMfASbI H It II r*BMj m<M-l«i wMWPWt—iWfe*3- From 30 March 1992. To take you to Rome
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  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      57 8 4,. jP M. ir a J Tfce Companies That Are Going Places Are Going To One Place In Particular. 4 Chesterton INTERNATIONAI u n 1993, Ngee Ann City will open as the largest office development in Orchard Road To arrange leasing in this landmark building call Alastair Cattrell or Gina
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  • FINANCIAL NEWS
    • Article
      Thailand's Finance One seeks US$40m loan
      346 9  -  By Kooi Cho Teng SINGAPORE Finance One Ltd, Thailand's largest finance and securities house, is borrowing US$4O million (5566.6 million) from the offshore capital markets to fund its working capital requirements, banking sources said. Singapore branches of Bayerische Landesbank Girozentrale, Banque Nationale de Paris
      346 words
    • Article, Illustration
      Lock icon Success seen for HSBC-Midland merger
      234 9 Lloyds head says deal makes good business sense Reuter TOKYO HSBC Holdings pic's bid to merge with Midland Bank pic has a better than even chance of success, Lloyds Bank pic chairman Sir Jeremy Morse said yesterday. HSBC would have to move its headquarters to
      Reuter  -  234 words
    • Article
      Lock icon Prudential's 9pc rise in profits falls below expectations
      260 9 Reuter LONDON Prudential Corp pic, Britain's biggest life insurer, on Tuesday said its pre-tax profits rose by 9 per cent to £267 million (*****.6 million) in 1991. Losses on general insurance and reinsurance had dampened a rising earnings trend to bring pre-tax
      Reuter  -  260 words
    • Article
      Lock icon Revise 5 main accounting standards: UK institute
      370 9 Reuter LONDON Major revisions should be made to five main UK accounting standards covering consolidated accounts, depreciation, leasing and pension costs, says the Institute of Chartered Accountants in England and Wales (ICAEW). The ICAEW reviewed the five standards at the request of the
      Reuter  -  370 words
    • Article
      Lock icon Problem loans in property may hit Canadian banks
      376 9 Reuter TORONTO The financial difficulties facing property giant Olympia York Developments Ltd are indicative of the commercial real estate problem loans among Canadian banks, analysts said. All of Canada's major banks declined to state their exposure to O&Y, which is in talks
      Reuter  -  376 words
    • SMALL CHANGE
      • Article
        HK's Stanchart Asia pre-tax profit up 17.3 pc
        86 9 HONGKONG Standard Chartered Asia Lid, the Hong-kong-based merchant banking arm of Standard Chartered pic, said yesterday its pre-tax profits rose 17.3 per cent in 1991. The bank said it made HK$4O million (SSB.6 million) before exceptional items against HKS34.I million in 1990
        86 words
      • Article
        Japan's long-term rates still 6pc
        89 9 TOKYO Japan's three long-term credit banks will keep their long-term prime rates unchanged at 6 per cent in April, bank officials said. The long-term prime rates are set 0.9 percentage points above the coupon rate of monthly-issued five-year bank debentures. The current benchmark S.l per
        89 words
      • Article
        Brady opposes accounting proposal
        115 9 WASHINGTON Treasury Secretary Nicholas Brady said on Tuesday he opposes a proposal requiring all companies, including banks, to record marketable debt and equity securities at market value in their financial statements, even if held only for investment. In a letter to the Financial Accounting Standards Board,
        115 words
      • Article
        Deutsche to buy rest of Bain stake
        86 9 SYDNEY Deutsche Bank AG said its wholly-owned unit Deutsche Bank Australia Ltd will buy the 49 per cent it currently does not own of investment bank Bain and Co. Deutsche Bank did not disclose the cost of acquiring the remaining stake from Bain
        86 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      149 9 K«y topic inducU: 1 Monogement accounting in modern firms Improving cost control: zero based budgeting, life-cycle costing and target costing Cost allocation vs cost attachment Activity Based Costing The profitability matrix and dealing with different costs Monitoring systems and variables to be measured Implementing cost and control systems Impact of
      149 words
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      Page 9 Advertisements Column 2
      243 9 m jgpp*3B| jP9| L BJip If H£! 3 ■W-1 R®% F-. The rich potential of Asia and the assurance of investing with the UOB Group for as little as $1,000 Asia is expected to remain among the world's fastest growing regions ACT NOW during the '90's. Reflecting this potential, Asian
      243 words
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  • Article
    THE PROBLEM
    125 10 DECIDING to computerise your business is relatively simple, considering the obvious benefits. But putting the system together and implementing it is not that straight-forward. There are many pitfalls to avoid. It requires careful planning and drawing on the experience of others who have blazed a trail. Failure to
    125 words
  • Article, Illustration
    THE SOLUTION
    298 10 CONCEPT FORMING: The crucial question before building a computerised business environment is not how such a system can be constructed, but what kind of system will meet your needs. ALR will help corporations consider how the system will perform, what the system can do and how users can
    298 words
  • Article, Illustration
    ALR cuts the competition down to size
    736 10 BT ADVERTISING FEATURE ALR has always been known as an excellent personal computer maker. Its list of accolades.attests to its technical excellence. But building good personal computers is not good enough anymore. Like the resf of the PC industry, it is feeling the
    736 words
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  • Article, Illustration
    THE ALR TEAM
    89 11 ALU's research team is just like the computers it produces small but very powerful. ALR's seven engineer jointly developed the Power Flex SL (right). ALR plans to increase the R&D team to 35 in two years' time. The team: (Front row from left) Soon Kean Ming (hardware
    89 words
  • Article, Illustration
    Marrying hardware and software
    487 11 THE PARTNERS A COMPUTER is only as good as the service and support that the vendor can provide. ALR knows that. It has a comprehensive programme to help its clients take advantage of ALR Downsized Enterprise Computing Solutions (ADECS). ALR has roped in eight software houses
    487 words
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  • THE REGION/THE WORLD
    • WORLDWATCH
      • Article
        US January textile imports hit new high
        73 12 WASHINGTON A surge in shipments from China and Thailand helped drive imports of cloth and clothing to a new record in January, according to the American Textile Manufacturers Institute. Figures from the Commerce Department showed an increase to 1.332 billion square meters from
        73 words
      • Article
        Saudis cut levies at ports by half
        78 12 RIYADH The Saudi government has decided to slash by half taxes and customs duties in the ports of the kingdom, Minister of State Fayez Bader said on Tuesday. Mr Bader, quoted by the official SPA news agency, said the measure concerned "all consumer
        78 words
      • Article
        Mexico lifts S African trade ban
        64 12 MEXICO CITY Mexico said on Tuesday it was immediately lifting a five-year ban on trade with South Africa and moving towards establishing diplomatic ties with the country. A foreign ministry statement said existing travel restrictions for South Africans seeking to visit Mexico had been
        64 words
      • Article
        Jakarta to test traffic plan
        119 12 JAKARTA City authorities will next month start testing a plan aimed at reducing traffic congestion in this Indonesian capital which sets a minimum number of car passengers, officials said on Wednesday. The test, to be held from April 14 to April 18, will only allow
        119 words
      • Article
        Paris, Taipei in technology pact
        90 12 TAIPEI Taiwan and France have agreed in principle to share technology and form joint ventures in strategic industries such as aerospace and telecommunications, Taiwanese officials said. The agreement was reached at a meeting on Tuesday with a visiting French delegation, led by Director General for
        90 words
      • Article
        China wants forces in HK
        105 12 HONGKONG China is insisting on grounds of national dignity that its forces occupy the current British military headquarters in the centre of Hongkong when it takes over the colony in 1997, a Chinese source said here on Wednesday. The thorny and protracted issue is currently
        105 words
    • Article
      Lock icon KL to help Cambodia rebuild rubber plantations
      201 12 AP KUALA LUMPUR Malaysia has agreed to help Cambodia rehabilitate rubber plantations neglected during its long war, Cambodian Deputy Premier Prince Norodom Chakrapong said yesterday. Prince Chakrapong also appealed for foreign investors to help build hotels for the growing number of tourists visiting
      AP  -  201 words
    • Article
      Lock icon 'New Zealand' shampoo rubs up the wrong way
      352 12 AFP WELLINGTON New Zealand is trying to avoid the indignity of having its name registered as a US trademark for shampoo. But what looks like failure to stop its registration could be a blessing for advocates who have long claimed the country
      AFP  -  352 words
    • Article, Illustration
      Lock icon Jakarta sets guidelines for the hustings
      432 12 Candidates must toe the official line on sensitive issues AFP JAKARTA Candidates in Indonesia's upcoming parliamentary elections will have to toe the official line on sensitive issues relating to the state ideology, religion and race, a press report said yesterday. The candidates will also
      AFP  -  432 words
    • Article
      Lock icon Spending on oil drilling in Indonesia seen rising to US$5b
      293 12 Reuter JAKARTA Spending on oil drilling in Indonesia is expected to rise to US$5 billion this year, a senior official with state oil firm Pertamina said. Gustaaf Nayoan, director of exploration, told Reuters that foreign oil companies were expected to
      Reuter  -  293 words
    • Article
      Lock icon M'sia may have workers fund
      342 12 Bernama KUALA LUMPUR The government has proposed that employers pay an annual levy of between Msso (5532.31) and MS2SO towards the Wages and Benefits Protection Fund for some 1.5 million workers in the country. The fund, to protect workers in case the companies go bankrupt
      Bernama  -  342 words
    • Article, Illustration
      Shanghai on their minds?
      62 12 BEIJING Shanghai's former mayor Zhu Rongji (right) sharing a laugh yesterday with the city's present mayor Huang Ju during National People's Congress talks in the Shanghai Room of the Great Hall of the People. Mr Zhu, now a vice-premier and one of China's chief reformers, is
      62 words
    • Article
      Lock icon Traders, not fighters, inarch along Thai-Cambodian border
      617 12 FOREIGN Reuter POIPET, Cambodia It's early morning on the ThaiCambodian border and hordes of traders are swarming over a former Cold War frontline to the market at Poipet. Past camouflaged Thai army bunkers they cross the bridge on foot, on bicycles, on pick-up
      Reuter  -  617 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      77 12 STOCK CLEARANCE SALE on high quality wool silk carpets, marble figurine carvings, modern artistic screens tapestries at 50% reduction 20 to 28 March 1992 Selected Chinese classical furniture, screens wall II panels, lacquer cloisonne ware, wood carvings, f I etc are also at special discounted prices. II 11 111 276
      77 words
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      Page 12 Advertisements Column 2
      125 12 10 ways the Da la Carnagle Course* helps man and woman: Acquire poise and confidence Speak effectively Sen yourself and your ideas Be at your best with any group Remember names Think and speak on your feet Control fear and worry Be a bettar conversationalist Develop your hidden abiltfes Win
      125 words
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  • THE WORLD
    • Article
      Lock icon 90pc of electronics firms in US form alliances: survey
      401 13 Firms shift focus to product quality, customer service AP SAN JOSE Nearly nine of 10 US electronics companies apparent believers in the axiom "if you can't beat 'em, join 'em" have formed alliances with rivals and friends to improve their ability
      AP  -  401 words
    • Article, Illustration
      Lock icon No difference to Japanese investment if Labour wins
      404 13 UK polls: London-based Japanese analysts say Reuter LONDON Britain's Conservative government says an election victory by the left-of-centre Labour Party could drive away Japanese investment, but London-based Japanese analysts doubt it would make any difference. "Both the Conservative Party and the Labour
      Reuter  -  404 words
    • Article
      Lock icon France poised for sound recovery, say economists
      236 13 Reuter PARIS France is poised for a sound, if unspectacular, economic recovery, independent economists said on Tuesday after official figures came out showing the nation's third trade surplus in five months and higher consumer spending. "Exports have held up well. So have imports.
      Reuter  -  236 words
    • Article
      Lock icon E Europe's Big 3 plan trade group
      406 13 Poland, Hungary and Czechoslovakia to set up free trade zone Reuter VIENNA Eastern Europe's three most advanced reforming countries, still smarting from the blow to their economies from last year's collapse of regional trade, are setting up a new trading group. Talks are
      Reuter  -  406 words
    • Article, Illustration
      Lock icon New data spark US recovery hopes again
      813 13 Apparent thaw comes after 19 months of recession and stagnation WASHINGTON John PO'Leary doesn't need government forecasts to tell him where the economy is going. Since early February, the chief executive of Tuscarora Plastics Inc, a packagingmaterial maker, has seen shipments and new
      Data: Federal Reserve, DRVMcGraw-H, Commerce Dept  -  813 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      627 13 OoCBCH^ OVERSEA-CHINESE BANKING CORPORATION LIMITED (Incorporated in the Republic of Singapore) The Directors are pleased to announce the following:1991 1990 Increase The Group The Bank The Group The Bank The Group The Bank SS'OOO Ss'ooo SS'OOO SS'OOO 1 AUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 1991 Net profit for
      627 words
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  • Article
    Clear skies for rubber market
    483 14 EDITORIAL LEGISLATION is seldom welcomed but Singapore rubber traders were pleased when the government recently announced measures to regulate the rubber industry. They saw the three new Bills introduced in Parliament by Trade and Industry Minister Brigadier-General Lee Hsien Loong as an attempt to give
    483 words
  • WHAT THE OTHERS SAY
    • Article
      More than pretty faces
      290 14 CONSIDER these two sets of figures. Last year, the Mandarin serial, Pretty Faces, attracted more than one million viewers. This year, less than 10,000 people or half a per cent of the two million estimated potential adult viewers of Singapore Broadcasting Corporation (SBC) programmes reportedly watched
      290 words
    • Article
      End the rivalry
      99 14 THE EMOTIONAL CALL by Haji Abu Bakar, the President of Jamiyah (Muslim Missionary Society of Singapore), for Malay-Muslim organisations to work together deserves serious attention. All the bodies, especially the major ones like Mendaki and the Association of Muslim Professionals (AMP), should put aside their rivalries and
      99 words
    • Article
      Conserving Chinese roots
      122 14 THE MOVE to turn the old administrative block of the former Nanyang University into a museum on Chinese migration holds special significance for our Chinese community. The founding of Nanyang University and its winding path in the 1950s form a major part of the community's history. Handing
      122 words
  • REGIONAL VIEWPOINTS
    • Article
      Scary scenario
      146 14 ALREADY there is concern among recession-hit Western nations at the possibility of default on the huge loans made available to Mr Gorbachev during his seven years at the helm of a disintegrating empire. This concern is compounded by confusion over what is happening to the former Soviet Union's
      146 words
    • Article
      Anand's electoral legacy
      145 14 THAILAND'S outgoing prime minister, Mr Anand Panyarachun, can afford a wry smile as he watches the post-election political manoeuvring now well underway in Bangkok. In his brief tenure as leader of a country reeling from its 17th military coup, Mr Anand did much to reassert the democratic
      145 words
    • Article
      Stop being so arrogant
      185 14 SINGAPORE has the right to tax Malaysian vehicles. It is perfectly free to impose petty rulings governing the amount of petrol in a Singapore car when it comes across. But Malaysia does not have to stomach the constant reminders of Singaporean insensitivity and arrogance. Planes from
      185 words
  • Article, Illustration
    Lock icon A patient on the road to recovery
    1563 14  -  Alan Friedman says the US banking industry has taken drastic restructuring measures, but it is still ailing Alan Friedman FT The battered us banking sector, having suffered over the past 18 months from crisis levels of commercial property loan losses and bad debts,
    FT  -  1,563 words
  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      68 14 Fortune frowns on forex dealers The rags to riches to rags trade Full marks for ribbon maker Hong Leong's Hlllview hopes When venture capitalist meets entrepreneur v\ Where's the new life in an old area? India's underground banking network .1 The 'X* factor In a successful MNC Real men do
      68 words
  • Page 14 Miscellaneous
    • Miscellaneous
      Page 14 Miscellaneous Column 1
      54 14 DOONESBURY BY GARRY TRUDEAU HBi M£N' TAKE. IHCUSUAL- ALLTHIN&TO IMCAN, I PONT CARZ HOUJ 1 OH HOI I MkjCKMUYS AUMeN,MMNAWCHIU*£N, OOOVhHS ORSMIZAWN 15, OR LSTSJUST UXM&t SP&GiTHIS M*HUS&OFRACe,FAnH(X HOW mi HZ SPWS, OR HOW 0010 WORK IFHJZ MORNIN6* NOHOW fWZTY AFFILIATION. I'M THINK- MUCH HE- INSPt&S PtOPlt, ft* HIM SHOUU?
      54 words
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  • ANALYSIS
    • Article, Illustration
      Lock icon Who's wounded now? It's the Tiger of Tiananmen
      912 15  -  Li Peng is a tough political fighter with powerful allies. But his days seem numbered, says Nicholas D Kristof Nicholas D Kristof NYT IN THE 15 years since Mao died, no Chinese leader dared move into the Great Helmsman's old homes in
      NYT  -  912 words
    • Article, Illustration
      Steeled to win at the leisure game
      1173 15  -  Carolyn Lim examines the progress of Nat Steel's local resort projects and wonders if they constitute a clever move, or an ill-fated one Carolyn Lim WITH Nat Steel Ltd's core business in the doldrums, investors are putting their hopes in its fledgling resort
      1,173 words
    • Article, Illustration
      Lock icon An appalling lack of prime minister material
      1085 15  -  Kotaro Akiyama casts a critical eye around the ranks of Japan's ruling party and finds... Kotaro Akiyama Asahi LESS THAN five months after Kiichi Miyazawa took over the ship of state, his government is adrift in rough seas with no fixed course and
      Asahi  -  1,085 words
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  • ADVERTISING & MARKETING
    • Article
      COPY LINES
      241 16 SINGAPORE Ketchum Advertising has been appointed to handle the launch of the National Healthy Lifestyle campaign. The campaign will promote simple tips on how to eat sensibly, work wisely and exercise regularly. It is targeted at all Singaporeans, and will employ a multi-media, multi-language mix. Ketchum was responsible
      241 words
    • Article, Illustration
      More bad ads in the name of good sales
      695 16  -  Last year witnessed a marked increase in the number of objectionable advertisements. Clarissa Tan reports Clarissa Tan AD AGENCIES are getting more daring these days, or their clients more desperate, if statistics from the Advertising Standards Authority of Singapore (Asas) are
      695 words
    • Article, Illustration
      Making the move to PR consultancy
      500 16  -  Sangeeta Mulchand speaks to the new regional head of Macro Communications Sangeeta Mulchand INSTITUTE of Public Relations Singapore (IPRS) president, Yap Boh Tiong will head the regional headquarters of an Australian public relations firm from next month. Mr Yap, who officially ends his two-year
      500 words
    • Article
      A higher standard of entries all round
      546 16  -  Sangeeta Mulchand reports on the Asian Advertising Awards Sangeeta Mulchand THE results of this year's Asian Advertising Awards are pretty normal at first glance. An even spread of kudos among a respectable number of agencies across a respectable number of countries. Set against
      546 words
  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      4 16 Huu^sHH on May 24
      4 words
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      Page 16 Advertisements Column 2
      75 16 00 Station ractttA jr B PRIME FREEHOLD Two contiguous plots of IWT)IJSTRIAL regular-shaped level land, in at BAUJ TIGA. the heart of industrial parks, I Z\ |\ll 1 SELANGOR with excellent infrastructure. 1 mJ EHSAN Lot 267 (13.062 acres) MALftialA and Lot 272 (20.500 acres). For sale, with vacant possession,
      75 words
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  • SPORTS
    • Article, Illustration
      Lock icon Pakistan bowl their way to victory
      588 17 World Cup Cricket Finals AFP MELBOURNE Pakistan were crowned the new champions of one-day cricket when they defeated England by 22 runs in the World Cup final here yesterday. Having scored a healthy 249 for six in 50 overs, the fired-up Pakistanis bowled the
      AFP  -  588 words
    • Article
      Lock icon England players walk out of pre-match dinner
      237 17 AFP MELBOURNE England cricketers lan Botham and Graham Gooch walked out of a pre-World Cup final dinner on Tuesday night, after objecting to jokes made by an Australian comedian. Gooch, England's team captain, and veteran allrounder Botham walked out of the Asl4o (*****.60)
      AFP  -  237 words
    • Article
      Lock icon Golf officials plan to strike on eve of Players Championship
      322 17 AP PONTE VEDRA, Florida Mediation efforts have been abandoned and an unprecedented strike of golf field staff officials is scheduled on the eve of the PGA Tour's showcase tournament, the Players Championship. The US$l.75 million (552.87 million) tournament, played on
      AP  -  322 words
    • Article
      Lock icon Legendary US stud farm up for sale
      286 17 Reuter LEXINGTON, Kentucky A treasured piece of thoroughbred history, the elegant bluegrass home of eight Kentucky Derby winners and horses that won 2,500 races, will be sold to the highest bidder today when the fabled Calumet Farm goes up for auction. The result
      Reuter  -  286 words
    • Article
      Lock icon Drink-and-sports ads should be dropped, says US surgeon-general
      464 17 AP WASHINGTON Alcohol advertising that shows people racing cars or surfing ignores the fact that drinking would make those activities dangerous, said Surgeon-General Antonia Novello, who on Monday renewed her call to drop such ads. "It is no coincidence that sports such
      AP  -  464 words
    • SIDE LINES
      • Article
        Rained-out match umpire says rules must change
        132 17 WELLINGTON The umpire involved in the rain-marred England v South Africa World Cup semi final believes the rain rules have to be changed. The Sydney match on Sunday ended in an uproar, after a brief rain break resulted in South Africa needing 22
        132 words
      • Article
        S Africans to get heros' welcome
        111 17 JOHANNESBURG The South African cricketers, beaten by England in a controversial cricket World Cup semi-final, will be given a ticker tape parade through Johannesburg city centre tomorrow. United Cricket Board managing director Ali Bacher said on Tuesday that he expected thousands of fans to
        111 words
      • Article
        Boxing unhurt by Tyson incident
        101 17 LOS ANGELES Boxing promoter Bob Arum on Tuesday said that the rape conviction of former heavyweight champion Mike Tyson won't have any lingering effect on the sport. "Boxing has already recovered from it," Arum said before a press conference promoting Evander Holyfield's heavyweight title defence
        101 words
      • Article
        Largest US team for Olympics
        99 17 COLORADO SPRINGS, Colorado The US will enter its largest Olympic team ever, when it sends 624 athletes to compete in official medal sports at the Summer Games. The previous biggest team was 601 for the 1988 Summer Olympics. The official delegation for the Games at
        99 words
      • Article
        Shriver rebounds from scare
        90 17 SAN ANTONIO Eighth-seeded Pam Shriver survived a first-round scare on Tuesday night, before beating unseeded Stephanie Rehe 7-6 (8-6), 3-6, 7-5 in the US Women's Hardcourt Championships. The match, played in a chilly evening breeze, lasted two hours, 37 minutes, and was marked by inconsistent serves
        90 words
  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      113 17 Property developers, valuers and G. consultants, address your II I 11 prospects through 'HOME U U y BUYERS GUIDE', an advertising focus on residential LOCATION properties, home financing and insurance. Gain easy access to them by ES fk If locating yourself here. Home 11 V Buyers Guide is presented in
      113 words
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  • Page 18 Advertisements
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      Page 18 Advertisements Column 1
      787 18 MNothing Beats A Bud. where to wine, dine SCOTTS 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. Hyatt Regency Singapore 10-12 Scons Road Singapore 0922
      787 words
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      Page 18 Advertisements Column 2
      326 18 Local Tea Time delights at Chatterbox every Friday, Saturday and Sunday. 3 pm to 5.30 pm. $14.50+ per person $8.50++ per child (below 10 yn) Mezwrw* Sumptuous Continental Afternoon Tea spread at Mezzanine Lounge. Daily. 3 pm to 6 pm. $16.00++ per person $10.00+ per child (below 10 yn) 33)
      326 words
  • Page 18 Miscellaneous
    • Miscellaneous
      Page 18 Miscellaneous Column 1
      649 18 TELEVISION AND RADIO A"| C% t.30 America's Funniest Horn* 6.45 IMigious Programme. POQV POlinlP f s£r.i s £f ?:S £Uc-. Vv/kj y Vv/ U Ulv 7.25 AM Opening. 9.30 lake and the Fatman Last 7.30 Captain N (Cartoon) BBC, 88.9 mHz in VHF Band II W 7.30 CNN (L). Dance
      649 words
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  • LIFESTYLE
    • Article, Illustration
      Lock icon A triumph over suppression
      880 19  -  Esther B Fein talks to Salman Rushdie who came out of hiding in Britain to speak at a conference on freedom of expression and to applaud the paperback publication 01 his novel The Satanic Verses Esther B Fein NYT Daring again to break the bubble of
      NYT  -  880 words
    • Article
      Lock icon Viewing woes of Oscar voters in foreign language category
      774 19  -  Hillel Italie takes a look at why the selection process for the foreign language film category is unsatisfactory Hillel Italie AP DONT feel bad if you can't be bothered to guess whether Children of Nature, The Ox or one of the
      AP  -  774 words
    • Article, Illustration
      Milli Vanilli fans to get partial concert refunds
      559 19 A US JUDGE has approved partial refunds for people who bought Milli Vanilli recordings or attended concerts believing that the lip-synch-ing pop duo were actually singing. Los Angeles-based Arista Records Inc and its parent company, Bertelsmann AG of Germany, will have to
      559 words
    • Article, Illustration
      A marriage of dance forms
      416 19  -  Cheryl Liew previews the Montreal-based Les Ballet Jazz's performance in Singapore Cheryl Liew WHILE on paper the juxtaposition of the studied movements of classical ballet and r.he freer rhythms of jazz might seem contradictory, the Les Ballet Jazz De Montreal shows that on stage the
      416 words
  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      132 19 AND ENTERTAIN Turkish Delights Embark on an exotic mystical gastronomic journey... the Turkish Dinner Buffet. Available from 14 to 28 March 1992. 7.00 pm to 10.00 pm $25.00++ per adult $16.00++ per child ANA HOTEL For reservations, SINGAPORE call 732-1222 extension 1594. S Wheeling and dealing is best done at
      132 words
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  • Article
    AIRCRAFT ARRIVALS AND DEPARTURES
    1262 20 City Flight ETA Flight ETD Pkafci GA887 1415 GA894 2015 AMaMa QF5 2010 SQ228 2040 Aantanlam SQ23 0700 GA894 2015 KL833 0955 KL834 2325 GA975 1525 Auckland BA11 1225 SQ285 2215 Bahrain GF148 0915 GA525 1450 Sari B*gmn BI453 1105 SQ182 0915 SQ181 1410 BI96 1440
    1,262 words
  • THE TRAVEL PAGE
    • Article, Illustration
      A cultural melting pot by the sea
      813 20  -  POSTCARD FROM SYDNEY By Michael Perry AS THE SUN's first rays stretch across the sands of Bondi Beach and onto its ageing 1920s shops, Australia's most famous beach looks a little seedy and hungover. Saturday night is party night at Bondi. Sunday morning
      813 words
    • Article
      FOREIGN CURRENCY NOTE RATES
      151 20 As at 3pm yesterday: Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar I.2S72 I.274S Canadian dollar 1.3776 1.4055 NZ dollar 0.8999 0.9272 Sterling pound 2.8409 2.8795 US dollar 1.6530 1.6610 local dollars to 100 units of foreign currency Austrian schilling 14.01
      151 words
    • Article
      WORLD TRADE EXHIBITIONS
      75 20 Duration Title Venue Organiser Tel April 26International Utrecht. Koninklijke ********** 30 Food Exhibition Netherlands Nedcrlandse Jaarbeurs Apr 28Zimbabwe Bulawayo, Zimbabwe 263-9/***** May 3 International Zimbabwe International Trade Fair Trade Fair Duration Title Venue Organiser Tel Apr 296th International Palexpo. Salon Intl 021/*****9 May 3 Fair for Books
      75 words
  • Page 20 Advertisements
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      Page 20 Advertisements Column 1
      45 20 It's amazing the lengths Finnair goes to for just one price. Fly Finnair to Europe and well take you to 35 European destinations for the same price Check with your travel agent or call *****77 for more details. We Know Europe from Mart to Pumiifa.
      45 words
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      Page 20 Advertisements Column 2
      10 20 ATTRACT POTENTIAL CANDIDATES with An »d In the APPOINTMENTS' COLUMNS
      10 words
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      Page 20 Advertisements Column 3
      59 20 Will they look wonderful that night? HH Five days to go to the Oscars, and the big question is: Will the stars dress to kill again? By tradition, Hollywood's leading ladies have always stunned admirers with daring dresses. We take a look today at the outfits they wore the last
      59 words
  • Page 20 Miscellaneous
    • Miscellaneous
      Page 20 Miscellaneous Column 1
      249 20 1 According to the letter, allowable (10) V j r 6 Quickly move the HH__^HL- 9 Nine thumps turned out to IIH™ be severe treatment (10) 13 Snake climbing plant (7) 15 Enthusiast to laze about T help move an- cient city (6) 17 Not achieving benefits for I I
      249 words
    • Miscellaneous
      Page 20 Miscellaneous Column 2
      166 20 Singapore Outlook: Showers over a few areas in the afternoon. Report: Maximum temperature 34.3 Assoc humidity 60% Minimum temperature 26.7 Assoc humidity 88% Hours of sunshine 6.75 Rainfall in mm Nil Rainfall this month 32.5 Rainy days this month 5 r World forecast Asia-Pacific Hi/Lo* Cond. Auckland 17/10 Cloudy Bangkok
      166 words
    • Miscellaneous
      Page 20 Miscellaneous Column 3
      52 20 f STP jRtCENT DON'T LOCX P\T W e C p np T>\p We.ad CXftce i He>Rpj is oft li<€, tmrt... »ve ocene. 1 ne. \OF 1T...j,— PICCRDIUN ONLV RCFKI im TUP of CoH.ns Counts Ltd. s OFf\ 7 R?oI C PaOcogts V (yWNTJ V -njJ OWI I ASSOCIATED NEWSPAPERS LTD.
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  • STOCK EXCHANGE OF SINGAPORE 1
    • Article, Illustration
      Tokyo's rebound boosts local sentiment
      4205 21  -  By Chew Eng Han TOKYO'S strong performance gave the Singapore stock market a boost yesterday. The Straits Times Industrials index surged 9.88 points to close at 1,449.66. "We had a good rally today, and I expect the market to be firm next week as well,"
      4,205 words
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  • Article
    STOCK EXCHANGE OF SINGAPORE 2
    2908 22 FAN 1000 +15 +1.5% Semb Shipyard 785 +15 +1.9% •UOB Foreign 725 +15 +2.1% 'Times Pub 402 +12 +3.1% .OCBC 910 +10 +1.1% OCBC Foreign 1190 +10 +0.8% S1A 1270 +10 +0.8% SPH 870 +10 +1.2% UOB 655 +10 +1.6% lGPBSSl.60 460 6 +1.3% •ICB
    2,908 words
  • Page 22 Advertisements
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      Page 22 Advertisements Column 1
      133 22 s«nel YOUR KEY TO BETTERBUSINESSDECISIONS! I Shine is Singapore Pros Holdings' inforich database financial statements highlights, graphs, latest results team: T. S. Liu on 740 1035, Hazel Ong on 740 1771 on Teleview, which incidentally is the most advanced and company news. or Tony Chia "11 videotext system in the
      133 words
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  • Article
    STOCK EXCHANGE OF SINGAPORE 3
    3250 23 Uniphone Tel 267 +8 +3.1% H Leong Ind 50* 560 5 +0.9% NST 350 +4 +1.2% Bolton 163 +3 +1.9% Berjaya Ind 69 2Vj *3.8% Boustead 50* 180 +2 +15% D&C Bank 50* 135 +2 +1.5% High Low 50« 104 +2 *2.0% Kulim Msia 50*
    3,250 words
  • Page 23 Advertisements
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      Page 23 Advertisements Column 1
      247 23 BANKING, FINANCE AND INSURANCE SUPPLEMENT 1992 A special Business Times Survey May 4,1992 The theme for this year's supplement is "Managing the Tiger" which focuses on the tremendous growth achieved in recent years by Asia's banking and finance industry and the constraints faced by the region's regulators to encourage growth
      247 words
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  • KUALA LUMPUR STOCK EXCHANGE
    • Article, Illustration
      Lock icon Share prices end lower on Anther profit-taking
      5108 24 Bernama INCREASED profit-taking towards the close led share prices in Kuala Lumpur to finish easier yesterday as investors adopted a wait-and-see attitude ahead of Proton's listing today. In moderate trading, the KLSE Composite Index edged down 2.50 points to 607.40 while the Industrial
      Bernama  -  5,108 words
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  • BT SHARE INFORMATION SERVICE
    • Article
      RESULTS FORECAST
      910 25 Mi M Last Fal Year Finest Mi Net Net Pratt EPS mmci Tsar EPS Cms pratt togt Kafi Ma* Pariei leal* eafcg (ets) (SIN) (S$a) (eh) ifffllai F Mar 12 Dec 91 126 100 44.641(f) 35 2—437 133-165 WC F Mar 12 Dec 91 2.3 7.041L (75) —(29.4)
      910 words
    • Article
      OTHER RESULTS DUE
      750 25 MM ftmi laAMIm taapaay taM late tar EPS Crm M aPhft (cte) pn« last year (OT*) OB Final Nov 6 Jul 91 3.0TE 17.8781 tf Ub Final Mar 14 Dec 91 75 6 20 0 36.724 Mn tea Final Mar 15 Dec 91 93 920 1518(e) M
      750 words
    • Article
      AUDITED RESULTS
      170 25 Company Date Yaw Craa* Nat Wat aarntap tm. MN to prallt/laM (L) par ataara MM ('000) (carta) Cerebos Feb 13 Sep 91 |45.623i(S3Mll) 148(128) 236TE(30TE) KL Kepong Feb 13 Sep 91 M$64.883(162,895) 15 3(14 8) 15(15) NST Feb 10 Aug 91 M$55.298(59.064) 30 9(33) 20(20) Asia Pacific Jan
      170 words
    • Article
      PRELIMINARY RESULTS
      153 25 Company Date Vtar Croup pro-tax Not oarotogs 6ro*» ni to proAt/teu (L) par ih*toM COM) (c«rts) YHS Ms»a Mar 23 Dec 91 M$17.220(l»13,541) 20 5(16) 39(-) Apollo Mar 23 Dec 91 *6.803 8.408) 7 9(61) 25%(-) MOIL Mar 20 Dec 91 US$43,400(US$51.800) 552(668) 100(100) YHS Mar 20 Dec
      153 words
    • Article
      INTERIM RESULTS
      231 25 Company Oat* HaH-yMr Crmip pr*-Ux tatorim mii to prtllt/lMS (L) «vM«mI COOO) AISB Mar 23 Dec 91 MJ2,109(MJ10,256) L&M Mar 23 Oec 91 $5.762l($1.131) Jaya Holdings Mar 23 Dec 91 $3,300(13.326) Cons Plant Feb 29 Oec 91 M559.800(J40 600) 10(8) DMIB Bhd Feb 29 Oec 91 MJ20.500(J20.400) 6(6)
      231 words
    • Article
      CORPORATE DEVELOPMENTS
      318 25 Mar 24 Heshe Hotfngs Pte Ltd, subsidiary of First Capital Corporation Ltd, has won approval for a listing on the Stock Exchange of Singarpore. Mar 23 Tenaga Nasional Bhd may act as a venture capital company to provide financial backing to businesses involved in the manufacture of power
      318 words
    • Article
      DIVIDENDS ANNOUNCED
      1059 25 Croat Ex Bub Date Trial tor Trial tor psyMrt ditt dot* piyiiii tin ynf |n| yow /bun Find USlOC(b) Ma 10 Ma 20 Ma X US10C USIOc Awno 20c 125%TE Ma 3 Ma 13 May 15 17 5%TE 12 5%TE BAT 21c 1048% Apr 9 Apr 22 Apr
      1,059 words
    • Article
      APPROVED ISSUES
      274 25 Company Hgt>* |m CJX Consokdabon of every tour dares of MJ0.2S into one stare of mil 00 nomnd amount fbtfits issue of g mjO 36 per store before consokdabon Ei-date Mar 26 Books close Mar 26 Acceptance I °ayment NYA MC8 Mdp Orw-kxten m MSI 10 per store
      274 words
    • Article
      SCRIPLESS CONVERSIONS
      64 25 Comnioa Special Trig Scripiess Conversion dradliae Period Trading (ompaa> starts (IDP) (ST) starts (entrepot at Mar 30 Apr 21 Apr 8 Apr 21 Apr 22 First Capital Mar 31 Apr 22 Apr 9 Apr 22 Apr 23 Hai San Haa ADr 1 Apr 23 Apr 10 Apr 23
      64 words
    • Article
      COMPANY MEETINGS
      190 25 Central Properties Ltd: 30th AGM at the Tudor Ballroom, Goodwood Park Hotel, 22 Scotts Road, Singapore 0923, on Thursday, Mar 26, at 12 noon Pacific Can Investments Hokfings Ltd: 3rd AGM at No. 1 Sixth Lok Yang Road. Singapore 2262, on Friday, Mar 27, at 4pm Asean Fund
      190 words
    • Article
      RECORD HIGHS & LOWS
      139 25 RECORD HIGHS LOWS BT Comoosite Index ST Industrials Index 131«« (21/2/92) J** 1992 tar. 1232.84 (2/1/92) JT 1991 N0t 1333.08 (3/6/91) gj Jf J®"* |Wj 1991 Imt 1022.52 (16/1/91) JJ JF i!? 1990 1435 43 (16/7/90) g g™ {Jgg 1990 1Mr 981.07 (09/11/90) °7'~ IJgjgJ} M-tom h* 1435.43 (16/7/90) JJJ"
      139 words
    • Article
      SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS
      677 25 Tram Rtgisttrtd Substantial Buy/ No. of Amaant S*a«a*aMtag Stack Date HaMar SfcarahaMar/Wractar Sail «Jura* Bafara Mtaf H SPC 23/03/92 CDP-DBS Nominees (Pte) Ltd MHO Holdings (Pte) Ltd S 7.000 19.887 132.382.476 41 37 132.375.478 41 37 L&M 23/03/92 Street Names Guthrw Mfg (S) Pte Ltd *B 8.000
      677 words
    • Article
      MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      343 25 Id local cwr In SS la LSS dy yr dy yr dy yr Mar 24 Index chge chge chge chge chge chge World 392.5 0.1 -3.9 -0.7 -6.0 0.0 -8.0 tEAFE 472.9 -0.3 -5.8 -0.9 -10.4 -0.2 -12.3 Europe 427.2 0.2 3.9 -0.3 -2.6 0.3
      343 words
    • Article
      PROPOSED ISSUES
      615 25 Company Issw Wwa T«d» One-tor one 3 >100 per start Btdfard Issue of $175 lm nomnal amount of 55% Bar* Guaranteed Bonds 1992/97 with detachable transferable suteenpbon rfhts (TSR) on (tie base of one TSR tor every tour ordmary shares MjO '95 tor each TSR Baton issue of
      615 words
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  • STOCK EXCHANGE OF THAILAND
    • Article
      Lock icon Finance, property issues lead rise in substantial trade
      2232 26 Reuter UPI BANGKOK share prices yesterday ended higher as financial and property counters dominated trading. Brokers said investors bought finance shares in the expectation that first-quarter performances would be better than last year. The SET index rose 4.61 points to 827.22 on
      Reuter; UPI  -  2,232 words
  • JAKARTA STOCK EXCHANGE
    • Article
      Share prices edge lower in light trading
      1182 26 JAKARTA share prices edged down in light trade yesterday with little foreign interest to drive the market. "Foreign buyers are very selective. They're looking for companies which they think have bottomed out and are liquid," one broker said. The market index ended 0.30
      1,182 words
  • Page 26 Advertisements
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      Page 26 Advertisements Column 1
      7 26 Plan your career in the Every Wednesday
      7 words
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      Page 26 Advertisements Column 2
      86 26 THE WINNING TEAM CLASSIFIEDS! Call *****46/*****52 MODERN OFFICE The Straits Times (April 6,1992) T Nov/s your dunce to advertise in a specid feature that wd enhance your products or services... and to reach otrf to target audierwe effectively. Our feature on AO)ERN OFFICE isgeared to attract a large number of
      86 words
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  • TOKYO STOCK EXCHANGE
    • Article, Illustration
      Lock icon Nikkei rebounds to end above 20,000
      2624 27 Reuter TOKYO stocks staged a technical rebound yesterday to close sharply higher with the Nikkei back above 20,000. Index-linked buying and foreign bargain hunting helped boost prices, but most investors shunned the market on this last trading day for delivery within the fiscal year,
      Reuter  -  2,624 words
  • STOCK EXCHANGE OF HONGKONG
    • Article, Illustration
      Lock icon Market awaits major corporate results
      2618 27 Reuter SHARE prices in the Hongkong market ended mixed in narrow and selective trading yesterday as investors awaited a spate of major corporate reports. The blue-chip Hang Seng Index eased 0.09 to 5,052.23 points while the broaderbased Hongkong Index edged up 0.86 to 3,301.35 points.
      Reuter  -  2,618 words
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  • AUSTRALIAN STOCK EXCHANGE
    • Article
      Lock icon Stocks end lower despite solid domestic support
      2292 28 Reuter DOMESTIC buying support yesterday propped up the Australian market in the absence of any offshore interest with stocks closing slightly weaker in quiet trade. The market fluctuated within a narrow band lacking direction after slight falls in New York overnight and with
      Reuter  -  2,292 words
  • REGIONAL STOCK MARKETS
    • Polls result causes prices to tumble in Seoul
      • Article
        SEOUL
        755 28 SHARE prices plunged on the Korea stock exchange yesterday, pulled down by the ruling party defeat in parliamentary election. The composite index tumbled down 16.30 points to close at 607.83. Declines led advances 512 to 291 among the 798 issues that changed hands. Trading was active and volume reached
        755 words
      • Article
        INDICES & TURNOVER
        53 28 INDICES TURNOVER Cloae Mar 25 PlKhM NEW ZEALAND NZSE-40 Capital 1,411.00 1.438.18 t -27.18' MANILA Composite Index Turnover (million) 1.088.95 613.44 1,094.63 702.3 -5.68' -88.86 TAIPEI Weighted Price Index Turnover (NTS billion) 4,721.25 17.0 4.790.10 20.6 -68.85 f -3.'6 SEOUL Composite Stock Index Turnover (billion won) 607.83 362 dosed dosed
        53 words
      • Article
        MANILA
        532 28 PHILIPPINE shares slid further yesterday amid relatively dull trading, as overseas investors stayed out of the market and local traders remained jittery about the run-up to May 11 election, brokers said. The Manila composite index fin- ished 5.68 points down at 1,088.95, influenced partly by Tuesday's fall of Philippine
        532 words
      • Article
        BOMABY
        109 28 BOMBAY Stock Exchange share prices soared on Tuesday, taking the exchange indices to a record high, brokers said. The BSE Index hit a high of 3,688.53 before closing at 3,669.58, up 426.05 points from the market's last close on Friday. The previous high of 3,547.61 was set on March
        109 words
      • Article
        TAIPEI
        488 28 TAIWAN share prices ended lower across the board yesterday on profittaking after rises on Tuesday. Brokers said there was a severe lack of investor confidence and many players were sidelined. The weighted index dropped 68.85 points to finish at 4,721.25 compared with Tuesday's 4,790.10. Turnover was very thin at
        488 words
      • Article
        NEW ZEALAND
        330 28 PRESSURED by the requirement for cash to fund new issues, the New Zealand share market plunged to a new low for 1992 yesterday. The NZSE-40 capital index fell 27.18 to 1,411.00, the lowest it has been since Dec 18. Some of the fall was due to Brierley Investments
        330 words
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  • WORLD STOCK MARKETS
    • Poor car sales put a damper on Wall St
      • Article, Illustration
        NEW YORK
        1349 29 STOCKS in New York lost more in choppy trading on Tuesday as disappointing car sales in mid-March dampened investors' optimism that an economic recovery was on track. The Dow Jones Industrial Average, «svhich slipped 4.25 points on Monday, another 11.18 points to 3,260.96. Among the broad gauges, the
        1,349 words
      • Article, Illustration
        LONDON
        783 29 SHARE prices in London rose on Tuesday in response to an opinion poll giving the governing Conservatives a five-point lead in the election campaign, but shares closed off their afternoon highs after a bout of profit-taking. The Financial Times 100 Index closed at 2,458.7, 17.7 points up on Monday's
        783 words
      • Article
        FRANKFURT
        365 29 GERMAN shares continued to ease on Tuesday after falling through a key support level on Monday, but managed to recoup most of the morning's heavy losses. The 30-share DAX index ended 4.34 points down at 1,713.11, well below the 1,720 breached on Monday. Dealers cited a whole list of
        365 words
      • Article
        AMSTERDAM
        196 29 DUTCH shares shook off their interest rate depression by the end of Tuesday's session to close barely changed on balance. Dealers said that a firm session in London had helped prop an otherwise dull market. The EOE Index closed 0.27 down at 304.02 points, having dropped as low as
        196 words
      • Article
        PARIS
        206 29 FRENCH share prices rallied at Tuesday's close, heartened by a slight recovery in government bond futures and more than regaining early losses, dealers said. The CAC-40 index gained 0.62 per cent to close at 1,896.26 points. At 950 million francs, trade was unimpressive for the final day of the
        206 words
      • Article
        MILAN
        207 29 ITALIAN shares closed lower on Tuesday, with the market as a whole affected by the weak close of shares in Assicurazioni Generali, normally the most heavily traded stock on the market. Dealers said overall trading was very light, hardly above Monday's 71 billion lire. The MIB share closed 0.9
        207 words
      • Article
        STOCKHOLM
        136 29 SWEDISH shares closed mixed on Tuesday as manufacturing firms led by Volvo countered an otherwise hesitant market. Dealers said Volvo's designation of a new president on Monday had set off a new round of speculation that Volvo may merge with French vehicle maker Renault, and Volvo Free-B shares rose
        136 words
      • Article
        BRUSSELS
        252 29 BELGIAN shares on Tuesday closed lower for the fifth straight session on the first day of a new two-week trading account. The Bel-20 index of leading shares closed down 7.19 points to 1,189.81 with 812 million francs worth of shares traded. Dealers said high bond market rates had inflicted
        252 words
      • Article
        TORONTO
        343 29 RUMOURS over the size of real estate giant Olympia York's debt and the extent of its financial problems weighed down Toronto banks and real estate shares on Tuesday. The Bank of Montreal's prime rate cut helped other sectors firm. It cut its prime rate 25 basis points to 7.75
        343 words
      • Article
        Untitled
        458 29 r Other markets in Europe, South Africa and Canada Johannesburg M«r 23 Rand v IMHISTMAIS v A Alpha 4100 AECI 1025 unch AMIC 8200 125 I Abcrcom 125 Amaprop 700 50 BAZ 1300 Barlows 5650 50 Basil Strk 10 Blyvoor 600 CG Smith ***** +100 Cnagalo 2800 75 Curfin 725
        458 words
      • Article
        INDICES & TURNOVER
        72 29 INDICES TURNOVER NEW YORK Cloae Previous Mar 24 Dow Jones SAP 500 Turnover (million) 3.260.96 3,272.14 -11.18 408.88 409.91 -1.03 192.26 167.05 +25.21 LONDON Financial Times 30 FTSE 100 Turnover (million) 1,926.2 2.458.7 484.1 1,910.8 +15.4 2.441.0 +17.7 373.7 +110.4 FRANKFURT DAX Index 1.713.11 1,717.47 -4.34 AMSTERDAM EOE Index 304.02
        72 words
  • Page 29 Advertisements
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      Page 29 Advertisements Column 1
      23 29 The Zurich and Johannesburg market reports were not available. Innovation Technology in Business Times every Tuesday Personal Finance Investment in BT every Saturday
      23 words
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  • CURRENCY, MONEY & FUTURES MARKETS
    • Article
      US dollar falls against mark in late Asian trade on speculative selling
      1211 30 REPORTS THE US dollar was little changed against the yen yesterday, but easier against the mark from New York closes after speculative selling pressured the US unit downward in late Asia. Dealers in Singapore said strong selling interest
      1,211 words
    • Article
      INTERBANK FOREX RATES
      376 30 Cross rates Mar 25 USS SJ MS Dm Yen SFr AS NZS USS 1.6560 2.5750 1.6610 133.70 0.5804 1.5100 1.3123 1.8215 SS 0.6039 1.5550 1.0030 80.7367 0.3505 0.9118 0.7925 1.0999 MS 0.3883 0.64 0.6450 51.9223 0.2254 0.5864 0.5096 0.7074 Dm 0.6020 0.9970 1.5503 80.49 0.3494 0.9091 0.7901
      376 words
    • Article
      MONEY MARKET
      529 30 Interbank rates SS Bid Offer Overnight 2 7/8 3 1-month 3 3/16 3 5/16 2-month 3 1/4 3 3/8 3-month 3 5/16 3 7/16 Overnight mode: 2-15/16 LSS Bid Offer 7 days 4 5/16 4 7/16 1 month 4 1/4 4 3/8 2 months 4 1/4 4 3/8
      529 words
    • Article
      Lock icon European bond markets face major uncertainties
      600 30 Reuter LONDON Political storm clouds hover menacingly over major European bond markets, badly denting confidence in the sectors that have enjoyed a sustained bull-run since the start of the year. Uncertainty about German monetary policy and anxiety raised by French and British elections feature
      Reuter  -  600 words
    • Article
      FINANCIAL FUTURES
      1163 30 SIMEX EMMHMftl AW Open High Low Sett Est Vol Act/Vol Op/lnt Jun 92 95.36 95J6 95J5 95J5 7010 3006 ***** Sep 92 94.91 94.92 94.89 94.89 5520 2555 8812 Dec 92 94.11 94.11 94.09 94.09 3015 1838 6717 Mar 93 93.82 93.83 93.81 93.81 710 315 3413 Jun
      1,163 words
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  • COMMODITIES
    • Article
      PRICES
      1288 31 Rubber Mar 25 Scemvkt Noon Close Int I RSS Prompt 140.50M41.50N I40.75/I41.75N lm I RSS Apr 92 140.50/141.00 140.75/141.25 Int 1 RSS May 141.7V142.25 142.00/142.50 lot 2 RSS OP 138.50YI39.50N 138.50/139.50N tw 3 RSS OP 138.00/139.00N 138.00tf 139.00N Int 4 RSS OP 136.00/137.00N 136.00/ I37.00N IK 5 RSS OP
      1,288 words
    • Article
      Lock icon Sri Lanka may refine crude oil in Singapore
      343 31 Reuter SINGAPORE Sri Lanka's state oil firm Colombo Petroleum Co (CPC), shutting down its sole refinery for three months from June, is considering sending crude to Singapore for spot processing in July and August. "We're looking at various options whether to process
      Reuter  -  343 words
    • Article
      Lock icon Ugandan tea industry starting to recover
      286 31 Reuter KAMPALA Uganda's tea industry is recovering from the sharp decline of the 1970's and early 1980's when Output slumped in a period oT political unrest and civil war, a senior industry official said here last week. Miria Mugabi, general manager of the state-owned
      Reuter  -  286 words
    • Article
      KL tin price unchanged in steady trading
      830 31 REPORTS THE price of tin remained unchanged yesterday at M 514.17 a kg on the Kuala Lumpur Tin Market in steady trading. Dealers said the slight reduction in premium has managed to attract foreign buyers into the market. The market trend was also
      830 words
  • Page 31 Advertisements
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      Page 31 Advertisements Column 1
      6 31 Innovation Technology in BT every Tuesday
      6 words
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      Page 31 Advertisements Column 2
      1412 31 BUSINESS TIMES Toll (roe Tel No 737 0043 -Fax No: 734-3896 IN THE MATTERS OF THE COMPANIES ACT CAP. 56 AND AEROASIA PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE IS HEREBY GIVEN thai pursuant to Section 308 of the Companies Act, Cap. 50 the Final Meeting of the Members of
      1,412 words
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  • Article
    Lock icon China's Vice-PM voices support for faster growth
    313 32 Latest salvo in leadership debate over economy Reuter BEIJING Chinese Vice Premier Zou Jiahua yesterday backed faster economic growth, saying that even 20 per cent annual growth would not necessarily mean the economy was overheated. Originally associated with the conservative wing in government,
    Reuter  -  313 words
  • Article
    Lock icon HK property firms boosting investment in Guangdong
    256 32 South China Morning Post HONGKONG Chinese patriarch Deng Xiaoping's January visit to the Pearl River Delta has sparked renewed confidence among Hongkong property developers in the future of southern China. The big players in the Hongkong property market who took their first tentative
    South China Morning Post  -  256 words
  • Article
    Lock icon Bank of Japan chief gives no sign of imminent cut in discount rate
    563 32 Reuter TOKYO Bank of Japan (BOJ) governor Yasushi Mieno gave little indication yesterday that he is about to cut the central bank's discount rate, but just about every financial pundit in Tokyo is convinced he will do
    Reuter  -  563 words
  • Article
    Lock icon Russia set to miss budgetary targets for first quarter
    292 32 NYT AP MOSCOW The Russian government looks as though it will fail to meet nearly all its budgetary targets for the first quarter. Reports on Tuesday pointed to a budget deficit in the first quarter of this year of 84 billion
    NYT; AP  -  292 words
  • Article, Illustration
    Business as usual for Guangdong, but for how long?
    657 32  -  The Bottom Line CATHERINE ONG CATHERINE ONG The writer is BT's Hongkong Correspondent THE PETITE, pale-faced nightclub singer at the Zhuhai Hotel broke into nervous giggles after two lines from Mao Zedong's famous revolutionary song Dong Fang Hong, or "The East
    657 words
  • Article
    Lock icon Taipei opposition plans big protest
    283 32 Reuter TAIPEI Taiwan's main opposition party yesterday said it will stage the biggest street protest in the island's history after the ruling Nationalist Party shelved a decision on democratic reform. A meeting of the Nationalists' Central Standing Committee, deeply divided between reformist and conservative factions,
    Reuter  -  283 words
  • Page 32 Advertisements
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      Page 32 Advertisements Column 1
      132 32 ***** The rare perfection of Patek Philippe at The Hour Glass. MkT" J| mt Choosing a timepiece should quisite features that hallmark be a relaxed and comfortable each Especially when you're collection. the rare per- ourselves as connoisseurs. And our customers fellow Hour you're co ecfors (he charm in- Which
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      Page 32 Advertisements Column 2
      280 32 vhim Investment Opportunity P* PRIME r?r\REAL \&jESBSSE I We can offer you the best selection of prestigious residential investment opportunity in Australia's fastest growing state. Talk to us about Cloudland townhouses, apartments, units and penthouses. Brisbane's most exclusive and secure residential development is just 5 minutes from the city. Ask
      280 words
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  • ISEAS Trends
    • Article, Illustration
      Divergent economic conduct among East Asia's NIEs
      891 33  -  Steve Chan explores the characteristics of the four dragons Steve Chan Dr Steve Chan is Professor of Political Science at the University of Colorado (Boulder), USA. He is a Fulbright Research Fellow at the Institute of Southeast Asian Studies. MUCH has been written
      891 words
    • Article, Illustration
      Developing intra-Asean defence links
      582 33  -  An Indonesian view by Vice-Admiral Soedibyo Rahardjo Soedibyo Rahardjo The writer is the Chief of General Staff of the Indonesian Armed Forces OUT OF the six Asean states, Indonesia alone has never had any defence pact with extra-re-gional powers. Among other things, this is the result
      582 words
    • Article, Illustration
      FTAs: opportunities or threats?
      1876 34  -  Sree Kumar and Joseph L H Tan explore the concept Sree Kumar and Joseph L H Tan Sree Kumar is a Fellow, and Joseph L H Tan is a Senior Fellow, at the Institute of Southeast Asian Studies. FREE Trade Areas are now in vogue, for
      1,876 words
    • Article
      Japan and Asean: a historical perspective
      188 34 WITH a burgeoning Japanese economic role in the Asia-Pacific, it is perhaps timely that Japan's polio in the region is understood from a historical perspective. To that end, the Institute of Southeast Asian Studies has just published The Fukuda Doctrine and Asean. Written by
      188 words
    • Article, Illustration
      An emerging Muslim common market?
      858 35  -  Sharon Siddique looks at this possibility in the aftermath of the break-up of the USSR Sharon Siddique #Dr Sharon Siddique is the Deputy Director of the Institute of Southeast Asian Studies. RECENT events in Central Asia have seen many commentators rushing to raise the spectre
      858 words
    • Article
      At odds with a new world order
      794 35  -  Tin Maung Maung Than looks at Myanmar's situation Tin Maung Maung Than The writer is a Research Fellow at the Institute of Southeast Asian Studies NEARLY 22 months after elections accepted as free and fair by the international community the Myanmar State Law
      794 words
    • Article, Illustration
      A plain man's guide to dedicated mismanagement
      2642 36  -  ■HHli J* S Rajarainam IF I had cared to look through the family tree closely enough, I suppose I might have found that he was a distant relative. But I always called him Mr Wei. And he objected to this. "Brother Tien-yi, you're
      2,642 words
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      61 33 IF YOU'VE GOT TELEVIEW FOR KNOCKOUT INFORMATION ON SINGAPORE PRESS HOLDINGS' INFORICH DATABASE Local Financial News I A Stocks Shares Food, Entertainment Shopping I Education 3nl I Travel Vacation Planning r -J HUH J Fashion Beauty Sports Health j» j r f Singapore Press Holdings Electronic Publishing Division V Ana
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  • Page 34 Advertisements
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      Page 34 Advertisements Column 1
      361 34 Trends putifccKw al ihc iimmm at SouditiM Aim Stmhei Editors-in-chief S. Rajaratnam K. S. Sandhu Editor Derek da Cunha Assistant Edttot Pang Yin Wah Sub-Editor Sumita Sen-Gupta International Advisory Committee Jose V. Abueva (Philippines) Stephen FitzGerald (Australia) Han Sung-Joo (Korea) Tommy T. B. Koh (Singapore) Mochtar Kusuma-Atmadja (Indonesia) Seiji Naya
      361 words
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      Page 35 Advertisements Column 1
      215 35 Financial Highlights'9l earnings position MBf Finance for t Year Ended 31 st December further growth: q 8086.4 M$ Million GROUP COMPANY MS Million iB.B r ~~n| Profit before taxation +106.2% +99.6% 4960.9 m 11.4 "MS Million "'"cj 9.3 sen 3089.4 r L Profit after taxation +107.8% +101.1% j MS *y
      215 words
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      Page 36 Advertisements Column 1
      207 36 You've posted a manager to head your Tokyo office. The Straits Times Weekly Overseas keeps him posted. For other reasons, send in your subscription now. The StraitsTtmes WCIKLV OVUt«BA» i»ineN Making an issue of the major issues I 1 I AIRMAIL SUBSCRIPTION RATES I AddicK Country*(ofradpttnt) 12M«w JMth. I Country:
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      Page 36 Advertisements Column 2
      39 36 Yourson is studying overseas. And you want him close to home -with news from home. To your principals and business associates overseas, it's assuring that Singapore is great for business. The Straits Times Weekly is like a country report.
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      Page 36 Advertisements Column 3
      54 36 Someone dose has been Sving in Canada for some years. You've given up writing those long letters. TheStralts Times Weekly teds It better. (He might comeback after reading all the good news.) You travel often on business and want to catch up on your return. The week's main issues are
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  • SHIPPING TIMES
    • Article, Illustration
      PSA signs deal to install electronic traffic systems
      546 37  -  SingaPort '92 By Rahita Elias SINGAPORE THE Port of Singapore of Authority is further improving its ability to command and control traffic in the port following the recent award of a $20 million contract to Norcontrol of Norway for the installation of
      546 words
    • Article
      S'pore box throughput continues to rise
      335 37  -  ByJ Juliette Walker SINGAPORE The Port of Singapore Authority handled more than 206 million tonnes of cargo last year an increase of nearly 10 per cent over 1990. Preliminary figures released by the PSA for yearend 1991 confirm the continuing trend towards containerised shipping.
      335 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      865 37 Page Col ABC Containerline 12 1 Accord Group 8 1-3 APL 5 3-5 APC Line 13 5 Arrow Inter 9 2 ASCL 5 9 •ANL 3 1/2 Bait Canada Line 7 4/5 Bait Orient Line 7 4/5 Batamindo 19 3 Bangladesh Shpg 8
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    • Article
      Singapore still the best port in Asia
      221 37 SINGAPORE Singapore has once again emerged tops in the Asian Freight Industry Awards, bagging a total of seven awards. The Port of Singapore Authority (PSA) led the pack winning three awards. It was named the the best warehouse operator, best seaport: regional (Asia),
      221 words
    • Article
      RCL, Gernartrans to start Ho Chi Minh service next month
      332 37  -  By Rahita Elias SINGAPORE Feeder operators Regional Container Lines and Gernartrans will be joining forces on the Singa-pore-Ho Chi Minh route from early next month. Kaw Jit Kee, RCL's general manager, told BT that the two lines will further broaden
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    • Article
      Lock icon US Air crash victims died of drowning
      126 37 Reuter NEW YORK Eighteen of the 27 people killed when a USAir jet skidded off the runway into Flushing Bay died of drowning, the medical examiner's office said. Four died of head or chest injuries and four died of burns when the Fokker-28
      Reuter  -  126 words
    • NEWS SUMMARY
      • Article
        Gearing up for a world class port
        43 37 IN LESS THAN three years, Manila's International Container Terminal Services, Inc spent close to US$3O million beefing up the cargo-handling equipment of the Manila International Container Terminal. ICTSI is one company in a hurry Page 2
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      • Article
        P&0 turns in lower earnings
        54 37 UK-BASED conglomerate Peninsular and Oriental Steam Navigation Company (P&O) has chalked up lower group net earnings of £153.6 million (*****.4 million) for 1991, stifled by recession both at home and abroad. This works out to earnings of 31 pence per share, down from 40.4 pence
        54 words
      • Article
        Pentagon denies plan to bailout McDonnell
        21 37 THE Pentagon yesterday denied spending several million dollars to bail out McDonnell Douglas Back Page
        21 words
      • Article
        New smart car for testing
        32 37 A US$l2 MILLION (5519.5 million) test to computerise the vehicle-highway system will put motorists in "smart cars" on a selected network of highways in Florida Back Page
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    • LOG BOOK
      • Article
        New Orlean port offers incentives
        93 38 NEW ORLEANS The Port of New Orleans will offer financial incentives for steamship companies that frequently use the port, port officials said. Effective immediately, steamship companies will receive a 25 per cent discount off the port's dockage rate currently U551,716 per day for a 600
        93 words
      • Article
        Colombia to buy more boats
        61 38 BOGOTA, Colombia Colombia is to spend more than US$3OO million on buying new helicopters and boats and on maintaining ships and missiles, a newspaper reported. The Bogota daily El Tiempo said the programme was aimed at improving the readiness of the armed forces. The helicopters
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      • Article
        Research planned for phone lines
        78 38 SAN FRANCISCO Pacific Bell, the telephone company serving California, will cooperate with IBM and Northern Telecom Inc on research and field testing of technology that will allow customers to communicate with data, video and images, in addition to voice, over telephone lines. As envisioned, such
        78 words
      • Article
        Raytheon, Hughes win contracts
        79 38 LOS ANGELES The Pentagon announced on Tuesday it has awarded contracts totalling US$5OB million to Raytheon Co and Hughes Aircraft Co to produce 991 advanced medium range air-to-air missiles (Amraams). Raytheon, of Lexington, was awarded a US$255 million contract to produce 490 of the missiles, while
        79 words
      • Article
        Togo police try to disrupt airport
        58 38 LOME, Togo Striking Togo policemen rampaged through the capital Lome then tried to disrupt the city's international airport on Tuesday, state television in the West African country reported. Strikers would resume work only when the government meets their demands for higher pay, according to
        58 words
      • Article
        Smugglers too fast for Navy
        102 38 ATHENS A Sudanese cargo plane on Tuesday disappeared from radar screens near Athens shortly after reporting that it had instrument failure, officials said. Police and military launched a search in the Aegean Sea near the Greek capital. "We heard from the control tower that a
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    • Article, Illustration
      Gearing up for a world class port
      995 38  -  Manila's container terminal has been expanding actively in the last three years. There are plans to make the terminal a world class port. In the first of a two-part series, A 1 O Labita reporting from Manila finds out more about this development
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    • Article
      COCKETT BUNKER MARKET REPORT
      825 38 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
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    • Article
      THE SHIPPING GUIDE
      12696 46 This is a list of ships loading at Singapore for ports around the world. It tabulates, by destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. LEGEND PN: ship calls at Penang after
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    • Article
      SHIPPING AGENTS
      3177 51 A Xm.BC C ontainerline NV: Bdsin Shpg Agcncics Ptc Ltd (SyMnrinc Handling Sdn Bhd (PK/PN). Accord Croup: Accord Shpg Ptc Ltd (SyAccord Contr Line (PK/PN). Adkris Business Corporation Philippine: < alsourec Shpg A I"rdg lie Ltd (S) \hrenkicl liner Service: Kim Shpg A T rdg (S). Albatro* Sen-Air
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    • Article
      COURIER SERVICES
      257 51 Abacus Courier* Tel: 545-8011. Fa*: *****98 Air Express Travel Tel: 533-5771. Fax: *****44. Airborne Freight Corporation Tel: 542-8844 Fax: *****16. *****80. Airswift Worldwide Courier Tel: 278-0188 Fax: *****83. AJS Supplies Tel: 748-6322 (2 lines). 747-7421. Fax: *****75. City-Link International Tel: 344-3377. Fax: *****50. Cluster link Supplies A Services
      257 words
    • Article
      AIR FORWARDERS
      1532 51 Abex Express Freight Tel: 542-7171. Fax: *****84. Actinic Forwarder Tel: 225-1833. Fax: *****42. Activair Singapore Tel: 542-78?2" Fax: *****20. Aerolink Freight International Tel: 545-8031 Fax: *****05. \erosDeed Tel: 542-5911. Fax: *****18. Air Cargo Novo Express Tel: 542-5454. Fax: *****06. Air Express International Tel: 542-7666. Fax: *****74, *****50. Air
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    • Article
      PORT CONDITIONS
      3729 52 ARGENTINA Labour working normally. Buenos Aires: Port busy; no congestion; arrival have berthed without delays; situation with congestion in fiscal warehouse has improved and berthed cargoes are suffering less delays in entering warehouses. San Lorenzo: Four vessels berthed of which 2 loading grain, 1 loading vegetables oil, 1
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      AIR FREIGHT SCHEDULE
      556 52 ARRIVALS DEPARTURES Op Flight Type ETA T From Op Flight Type ETD T To TODAY TODAY KAL KE697 B747F 0150 1 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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    • Article
      SHIP SALES & TANKER RATES
      872 52 SHIP SALES TANKER RATES VESSELS ON OFFER Bulk Carriers Li* 68,350 dwt and built Mar 1978 .Kasado Kudamats. serious sellers seeking best outright offers. Bandak: 62,027 dwt and built Apr .1980 Nippon Kokan. try US$l4 million. Reform: 38,461 dwt and built May 1990 Georgi Dimitrov, ideas US$l5 million. Desnogorsk: 30,242
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      CRUISE & FERRY SCHEDULES
      577 52 CRUISE FERRY SCHEDULES CRUISE SHIPS Arr Pep N«ae of Vend ETA ETD Ports of CaMs Port Agent MARCH 26 26 Royal Pacific 1000 1800 Sin-Jakarta Ocean Trade Chartering 29 29 Asean World 0900 1800 Sin-Phuket Sembawang Johnson 29 30 Cora Princess 1000 1800 Sin-Jakarta Harpers Shipping 30 30 Royal Pacific
      577 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        541 53 ta* *1 W» B«ftt >nW VnM( Voy Ho Berth Anfrd OgrtW Marina Terminal 1 Pembroke 505 S02 2603/1830 28 03/0630 Batam Ma|u *****2 M04 akx*s*Je 26 03/0500 Vesta 1 llAba S02 2603/0630 2603/1700 Batam Sayang *****2 M04 alongside 26 03/0500 Batarmndo 1 176S M01 ator«wle 2503/1900 Jlirong
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      • Article
        IN MALAYSIAN PORTS
        224 53 Mwfi Port Berth: 1: Hong Leone 2: Juta Jaya, Sonbai; 3: Grace Oak; 4: Ba Da Line 5: Barge Matvest No 1; 6: Wan Kai 201. 01 jetty: Sanyang, Santi, Suci. octm. ft* on Mar 25: Bow Heron, Ussuriysk, Equity, Norgas Runner, Bunga Mas. Johan 1. Nogogini,
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      • Article
        CONTAINER SCHEDULE
        1644 53 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Boofcinf/Babncc Rrts Sttp Voy No Etb/Btr Period From To From A Venture 04/361 26/1100 2 23/1700 24/0659 24/0900 4 24/1200 24/1459 24/1700 ACX Jade 77A 25/1500 3 24/0700 24/1159 24/1400 4 24/1200 24/1459 24/1700 Mi ColumtM ***** 25/0900 1
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    • Article
      TRANSPORT DIARY
      911 54 Sept 15-16: Asia-Pacific Digital Cellular Mobile Communications, organised by IBC Technical Services Limited at The Mandarin Singapore. For further details please contact IBC Technical Services at tel: 071-637-4383 or fax: 071-631-3214. Oct 13-16: Seatrade Asia-Pa-cific Cruise Convention, organised by Seatrade. The event will take place at The Westin
      911 words
    • Article
      DAILY FREIGHTS
      848 54 Dry cargo brokers reported on Tuesday that subdued fixing activity amid broadly steady panamax freight rates while rates for larger sizes were weaker on oversupply. The Baltic Freight Index was off two points at 1,212 showing mostly steady panamax runs but losses on the minerals routes. The weekly
      848 words
    • Article, Illustration
      P & O turns in lower earnings
      435 56  - P O turns in lower earnings Poor performance by house-building, construction and development division By Dexter Lee SINGAPORE Stifled by recession both at home and abroad, UK-based conglomerate Peninsular and Oriental Steam Navigation Company (P&O) has chalked up lower group net earnings of £153.6 million (*****.4 million) for 1991. This
      435 words
    • Article
      Lock icon Northwest to make flying easier for passengers with disabilities
      300 56 UPI ST PAUL, Minnesota Northwest Airlines, which suffered a black eye last year for making life difficult for prominent disabled passengers- on its commuter links, said on Tuesday it will try to make flying easier for people with disabilities. Northwest said
      UPI  -  300 words
    • Article
      Lock icon Florida testing smart cars to improve travel conditions
      213 56 UPI ORLANDO, Florida A US$l2 million (S$ 19.5 million) test to computerise the vehicle-highway system will put motorists in "smart cars" on a selected network of highways in central Florida, it was announced on Tuesday. Travtek, short for travel technology, was to
      UPI  -  213 words
    • Article
      Lock icon Pentagon denies plan to bail out McDonnell
      254 56 AFP WASHINGTON The Pentagon had no secret plan to spend several million dollars to bail out the financially troubled giant defence contractor McDonnell Douglas, spokesman Pete Williams said Tuesday. "There was no bailout, there was no secret payment," Williams told reporters. "There was
      AFP  -  254 words
    • Article
      Lock icon Malaysia rules out asking China to launch satellite
      267 56 AFP KUALA LUMPUR French-based Arianespace has an advantage over other parties vying to launch Malaysia's first satellite, Telecommunications Minister S Samy Vellu was quoted as saying yesterday. Mr Samy, returning from China late Tuesday, said Arianes pace's facilities at Korou in French
      AFP  -  267 words
    • Article, Illustration
      Lock icon Continental to install new phone system on all carriers
      216 56 UPI OAK BROOK, Illinois GTE Airfone said on Tuesday it has signed a contract with Continental Airlines to install its Seatfone (TM) system on all of the carriers Boeing 737-300s and Airbus 300s. Financial terms of the contract were not disclosed.
      UPI  -  216 words
    • Article
      Lock icon EC move to cut sulphur content unlikely to affect prices of diesel
      407 56 AP BRUSSELS A European Community decision to sharply reduce the sulphur content of diesel fuel and heating oil will cost several billion dollars but retail prices will scarcely move, industry officials say. EC environment ministers decided late on
      AP  -  407 words
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      9 37 LItMM ami MrvicM nprnnM gggiSSSM^P t" aMm Sk,pp T,m
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      103 37 the jg FAMOUS n <> dmovt ■SMIII3U 224 1833 For more information pleane refer to Pg. 13 I i J I j 4(£ "V" 7m i ~}#s&■»!-■■■ i A j fe V. K V 1' R' v tx V'' «> > fe:- .j m Hfe* i: SOME OF OUR TOP
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      53 37 A* Forwarders 15 ht FragW Schedule 16 Cocfcett Report 2 Container Schedule 17 Courw Sennets 15 Cnise 4 Ferry Schedules 16 D*hr Fraghts 18 We* 1 Port Contains 16 Shtppng Agents 15 Shppng Gude 10.11 Shpsales/Tarter Rates 16 Sl»ps m Port 17 Singapore Tries 17 Transport Diary 18 Weather and
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      94 38 I It could be a controversial deal between two stock 1/ market stars, a thought-provoking report by university researchers on the latest trans-European FOCUS zooms in on the news and issues of the day and looks at them in more depth and breadth. FOCUS is the news feature section of
      94 words
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      2515 39 OOCL (8) PTE LTD JAROINE SHIPPING AGENCIES *HV#» TEL: *****11 FAX: *****09 \llVMr BOOKINGS TEL: *****34 *****58 ■*****8 TERMINAL/CFS TEL: *****18 220 ITBfifiQfl PESAKA JAROINE SHIPPING AGENCIES SDN. BHD I M m PORT KELANG TEL: *****18 FAX: *****91 *****88 nZZZZi /*>■ lit. 0-.-J.TT PENANG TEL: *****4 FAX: *****1 CFS TEL:
      2,515 words
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      Page 39 Advertisements Column 2
      1358 39 Read Chartpoint, a guide to investing in the Stock Market. Every Saturday in Business Times LUUASCI UNITED ARAB SHIPPING CO (SAO) I vgaggL/voy siw htc bal lowf »av 1 Ift WTTTM m a/1 VS W M W I M 0800 *14 1/4 u/l 11 1 M/l IVI I ■■Mil a/4
      1,358 words
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      1419 39 NEXT SAILING TO MIDDLE EAST OCEAN BLESSING V.115W ETA SIN 26/3/92 VmM Voy ETA ETD Feeder by DESTINATIONS World Lynx/ Mm Th« mm Matt* Maersk 9204 M^f^ffW^TT r nR w TIWI'I-1 0800 MRS Port CFS 30/3 2359 HRS Kalang Penang OAK LGB HOU MEM ATL MIA CHS BAL PHL NYC
      1,419 words
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      1342 40 R'DAM/ jg. '-vy v' -fcl VOY WO S PORE JEDOAH S'HAMTON H'BURQ ANT LE HARVE KURAMA 15/112 28/3 4/4 18/4 14/4 13/4 1R***** FRANKFURT EXPRESS 81/312 28/3 15/4 17/4 20/4 21/4 "■ifISSR KASUQA I 20/113 2/4 11/4 25/4 21/4 20/4 3*WPjWPO. DRESDEN EXPRESS 04/313 5/4 22/4 24/4 27/4 28/4 fpt
      1,342 words
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      622 40 IKAiPAC SKRTICS COWTAOTM M MIAMWJ DWECT SOUTH PACfIC gIVICE fs4N NOU SUV PPT PALEMBANQ 3301 EB 27/3 7/4 10/4 14/4 "A" VSL IS/4 27/4 20/4 4/5 Tranalt Thna 1(13) (18) (22) AISO ACCEPTS* CARGO MA SUVA TO LAUTOKA. PAGO PAGO. APIA. NUKUALOFA. P. VIA FASTEST SBHfICC TO CHLE/POU fsis VAP
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      1539 40 REGULAR INDEPENDENT FULL CONTAINER SERVICE WESTBOUND FOR EUROPE WL/VOT SM AL6 KL WM HE ROT ART FEL UN («M (VM (VM 4L6) HMI) «0T) NORASM SUSAN 9204 3 29/03 17/04 19/04 23/04 25/04 26/04 27/04 27/04 26/64 NORASM SHARJAH 9205-3 05/04 24/04 26/04 29/04 30/04 01/05 02/05 03/045 04/05 NORASM
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      1767 41 H STRAITS SHIPPING PTE LTD 15 Hoe Chiang Road #09-01 Sanford Building Singapore 0208 Tel: *****88 Fair; *****17 ACCEPTS 001 SAIS CAM GO SPOnt B RUI\ STKJUTS HOPE VO4E Mwi, Skin, fm 30 31 Mm 01 Apr 03 Apf ESTIB»»UM£ V 04W 01-02 AW 05-06 APH STMITS VENTURE Vott Muari.
      1,767 words
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      Page 41 Advertisements Column 2
      2521 41 m SINGAPORE AGENT: j-n Mpt«r P&O Containers (Singapore Agencies) Pte Ltd X OLV>J 9 15 Hoe Chiang Road #08-02 to 06 Sanford Building. Singapore 0208 Tel: 225 2233 Telex: RS ***** PNOCSP Fax: 225 5327/222 7517 CR Number: **********0Z VI SBCL VOY "PNQ -Kg UN ALO too ANT hot ham
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      525 42 CR NBA **********0-D EXPRESS SEMI CONTAINERSHIP SERVICES TO EUROPE VSL/VOY S PORE ROAM ADAM H'BURG BREMEN ANTWERP SMMMVA/34M 15/* 18/5 23/5 27/5 30/5 NUTM/25N8 25/5 24/6 28/6 2/7 7/7 FAST TRANSIT TIME ACCEPTING BREAK BULK/CONTAINERISED CARGO Subject to Inducement. Alto accepting cargo to Casablanca, Port Said, Port Aloiandria, Qenoa, Trieste.
      525 words
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      Page 42 Advertisements Column 2
      1290 42 HANJIN SHIPPINtT FDA VSL SM LK HAUL IGB OAK FDR VSL SM |LM HAUL SAV U RYC HANJM HONGKONG 0331 28/3 ORECT 19/4 22/4 HA/UN CHEAJ 0101 30/3 M. rWSTEWTT 0211 7/5 8/5 18/9 HANJM SINGAPORE 005£ 5/4 MKCT 26/4 29'4 HAN* KWANGTANt 087E 6/4 H. KOBE OJtt 14/5 15/5
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      Page 42 Advertisements Column 3
      1238 42 M IM I 1,1 I I IrnuriiKiiciicwKiasKiwTroiuHuincwMinnriKnicamwl ian m m n/i i/« t/4 t/« 11/4 u/« it/4 i 7/« it/4 1/5 11/5 15/5 11/5 »/s 27/s a/5 »/s a/s i»/t n/t IOMW Kin 7/4 1/4 13/4 15/4 17/4 a/4 21/4 21/4 24/4 25 4 27/4 1/5 a/5 22/5 21/5 2/1
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      1844 43 NEPTUNE AGENCIES PTE LTD SINGAPORE TEL *****77 (CR NO: **********0E) BOOKINGS: (TOLL FREE) NEPTUNELINK TEL *****00 (TOLL-FREE) USA SERVICE *****82 DOCUMENTATION DEPT *****4V*****14 FAR EAST SERVICE *****31 TERMINAL OFFICE *****22 UK/EUROPE SERVICE *****89 IMPORT CFS MB2: *****69/*****96 AUST/INDIA/PAK SERVICE *****32 EXPORT CFS MB2 *****53/*****50 •S#® nepline sdn bhd Malaysia K.L.-(03)
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      Page 43 Advertisements Column 2
      1053 43 m sinsov SINGAPORE SOVET SHIPPING CO PRIVATE LTD BOOKING: *****51/ *****64/ *****06 (FESCO LINE) ENQUMES: *****33 MARINE INSURANCE SERVICE: *****87/ *****87 KL: 03-*****75/697 PORT KELANG: *****43/ *****40 JAKARTA: *****57 PENANG: *****4/ *****8 JOHORE BAHRU: *****1/ *****1 (REGULAR INDEPENDENT SERVICE) FULL CONTAINERSHIP SERVICES EASTBOfC-OSCHMqNG WESTBOUPP—IQAOWi THAWWrCP WA HOTTBPAM ima» wr |i
      1,053 words
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      1506 44 K* V AS AGENTS KAWASAKI SINGAPORE (PTE) LTD (CR No: **********0 M) W W 1 A TEL *****77 TELEX; KAWAKIRS23I6S FAX; *****07/8/9 I M MALAYSIA: "K" UNEMAfImME (MALAYSIA) SON BHD J. X 1 TEL SA *****00 PK *****01/5 PENANG *****0 JB *****1 HIM! KAWASAKI KISEN KAISHA, LTD INDONESIA; P.T. SARANA
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      1196 44 PHIU ORI€NT UN€S PT€ LTD 108 Robinson Road #07-00 GMG Building Singapore 0106 1 Tel: *****22/*****69/*****00 Telex: RS ***** FAX: *****76/*****38 mO BY AIR, LAND OR SEA.... /4Ht JtSU WE TAKE ON THE WORLD FOR YOU MEMBER OF SINGAPORE FREIGHT FORWARDERS ASSOCIATION ~l AUSTRALIA***ZEALAMD/SOUTM PACIFIC FCULCL tOMC* 30 MAR SYDNEY.
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      2235 45 pacific international lines (pte) ltd ZS&SSSSS U m Ml 140 Cecil street #03-00 PIL Building, Singapore 0106. Tel: *****33 VESSEL VOY SIN JKT SIN VESSEL VOY SIN BKK SIN KOTA RAKYAT 131 29/3 Jl/3 S/4 KOTA BINTANG K8T212 27/3 30/3 V 4 BUNGA TERATAI 133 31/3 3/4 7/4 KOZINTSEV 18N
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      Page 45 Advertisements Column 2
      709 45 EacßenV l g CUSS CONTMNER TRANSPORT FEEDER VESSEL I PENANG PKELANG I OCEAN VSL/VQY SIN SOU RTM (2) HAM (3 GOT (4) ANSON/TBN 27/3 28/3 BENARTY 2122 3_W3 17/4 19/4 20/4 22/4 ANSON/TBN 3/4 4/4 ALSIA 2132 7/4 24/4 26/4 27/4 29/4 ANSON/TBN 10/4 11/4 BEN A VON 2142 14/4
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      Page 45 Advertisements Column 3
      315 45 M MYANMA wHBk FIVE STAR LINE (Myanmar National Line) Loading for Yangon (Rangoon) S'pore P.KIf Pen P.Gdf l«A VII4N In fort SM SU MERGU VI 13*1 31/2 Apr 27/31 Mar iSE THE BANK LIME A service of Andrew We* Sf*ppmj i SEMI-CONTAINER SERVICE W HEAVY LFT CAPABIITY I EXPRESS TO
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      2151 48 Conventional Semi-Container Full Container Liner Services Liner Services >»■«<« finimim»p-jrr rr f.r.abWMnMM*amm» Genoral Agoots: Booking Agents: 6—mAfl*: Booking Agents: *ZltZ?"" Wdr Fung Shipping Skipping Fnlgkt Booklog Bnotnkig Agonctos COStar Shipping Pie Ltd Mooing From BooUog Cooiro MM «H0 £fl W W ,63//JS Enternrise Co Ltd Centre SOoBM no LIB (West
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      Page 48 Advertisements Column 2
      333 48 iahbhu 555 ro pti LTI 11 mccallum imoT #14-04 NATWtST CENTRE r i f tw Taiw: mawi t* taon-i fic tn mm, nrrm FOR BOOKINGS CALL DOTCCT LINK TEL: *****41/*****43 HI<JAK itwyict VESSEL VOY SIN JAK PELOPOR 1033 28/03 (SAT) 01/04 (WED) TWAOKA #18 02AM (THU) 04AM (SAT) < LAWANTI
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      666 49 (it FAMOUS CONTAINER UNES —1 o ANSON RD. #15-21 INTERNATIONAL PLAZA. S'PORE 0207 HOT LINE *****33 24 LINES LIMASSOL/PIREAUS 28/3 ROTTERDAM 28/3 HAIFA/ASHDOO/ALEXANDRIA 28/3 HAMBURG/BREMEN 28/3 MARSEILLE/FRANCE 28/3 FELIXSTOWE/UK 28/3 BARCELONA/SPAIN 28/3 LEHAVRE/ANTWERP 28/3 GENOA/ITALY 28/3 GOTHENBURG/SCANDINAVIA 28/3 LOS ANGELES/WC/ffl 29/3 I SYDNEY/MELBOURNE 30/3 NEW YORK/EC 29/3 FREMANTLE 2/4 VANCOUVER
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      Page 49 Advertisements Column 2
      1056 49 RICHFIELD AGENCIES (S) PTE LTO 0 TEL: *****33 (12 UnM) fI 11 ■MHBHIBIBI— m FAX: *****19/*****03 iPOj TELEX: R8 ***** RKHIP (3 UnM) I ■"flgg" r m I*s ?> 03 31/03 T" ACCEPTING FCL AND CONVENTIONAL biiua bhum 27S oi 04 07/04 um bhum## 2in ut 21/03 fat 31/03 VESSEL
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      Page 49 Advertisements Column 3
      125 49 Vessel Voy ETA ETD Destn TZU HANG 9239S MPT 27/3 Kompongsom ERMNIA 9234S 1/4 11/4 Phnom Penh HONG2HAN 9232S 5/4 1/4 Phnom Penh HOSHO MARU 9224S 30/3 3/4 Phnom Ponh SHUNFU 921SS 1/4 15/4 Phnom Penh GENKAI NO.B 9204S 27/3 30/3 Phnom Ponh SHUHO MARU NO. II 9201S MPT 3/4
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      Page 49 Advertisements Column 4
      320 49 I mam neen-ut VSL VOY SMOAPONE MADRAS BMQAPORE VESSEL HOT MM SM TIGER BMDGE 197N 29-30/03 05-07/04 13-14/04 TIGER STM UN 31-01/04 07-00/04 IS-IS/04 TIGEIt SPEED 190N 00-07/04 12-14/04 20-21/04 ~VSL VOY SWQAPOHE/CALCUTTA/SWQAPOIg VESSEL VOY SM CM. SM LHOTSE 419 M Pt 03-00/04 12-13/04 TIGER ma 147CN8 31-01/04 07-11/04 17-10/04
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      1502 50 g^MAC-NELSS'PORE PENANG: (04) *****6 SIBU: (084) *****9 KK: (088 *****0 TAWAU: (089) *****9 P.KELANG: (03) *****77 JAKARTA: (21) *****32 KUCHING: (082) *****3 SURABAYA: (31) *****0 g g g ESr- 31/3 30/3 Syd/bMb/Bri 4/4 5/4 6/4 Auckiand/Nlf/Christchurch 1 n Tokyo/Kobo 29/3 30/3 31/3 J saints per Mania 26/3 27/3 28/3 2/4
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      277 50 BLUE STAB UIME TO FROM f NEW ZEALAND AND T/S TO FIJI TO AND FROM NEW ZEALAND PORTS sm m. ml m SM MEMO 17$ »/3 7/4 VU NPI 9/4 2C/4 MUISEJtA 27S 1/4 20/4 VU NPI 22/4 »/5 MB! STM OSU 21/4 3/5 VU fVI 5/5 21/5 FULLY CONTAINERISED
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      Page 50 Advertisements Column 3
      1092 50 THONG SOON LINES PTE. LTD. 77 ROBINSON ROAD #IS-00, #16-00 SIA BUILDING SINGAPORE 0108 TEL: *****88 FAX NO: *****11, *****22 TLX: RS ***** CARRIER, RS ***** JENHOL CABLE: TOSOCO CONVENTIONAL/CONTAINER COWTAtf«B ftMlVtClft SINGAPORE TO WEST MALAYSIA SINGAPORE TO WEST MALAYSIA VESSEL Ivor [ETA IIEST VESSEL WT SPOtE P. HEINK KIM
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      70 53 Loading SIN DESTINATION NASR VOY2W AM-10 AM DUBAI TBN 20 APR-23 AM DUBAI YUM VOV 1W 10 MAY-IS MAY DUBAI Other Persian Gult Ports Subiect to Inducement S'pore: SeacroM Shipping ft Chartering Pte Lid Tel: *****51 Fa*: *****70 Tlx: ***** SECROS Dubai: Galaxy Shipping Agency Tel: (09) *****5/6 AO.H. Tel:
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      Page 53 Advertisements Column 2
      78 53 Dahwy d cantmn ton Wodu H5/82/Q5 it rwWctod Ww 1500 ml 2100 Inn «n Mr 21 Antwerp 28/3 FremanHe 2/4 Bangkok 29/3 Bremen 28/3 I Sydney 2/4 I Busan 30/3 Hamburg 28/3 I Melbourne 2/4 Hong Kong 30/3 LeHarve 28/3 I m Kaonsiung 28/3 Felixstowe 28/3 I j 2 Keel
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      456 53 TIDES AND WEATHER o *Z'f TODAY'S TIDES (he#t in metres) HOW OOOOOIM 0200 0300 MOO 0500 OMO 07M MOO 09M******************************M1MQ ISM 20M 21M 22M 230 JR 1.7 22 2.5 2.7 2.6 2.4 2.1 1.7 13 1.1 09 0.9 09 1.1 1.3 1.5 1.6 1.7 1.6 1.5 14 1.3 1.3 tfS
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      330 54 FL SHIPPING PTE LTD I fUMRk T#l: *****77 (12 Unci) Tlx: R8 ***** FLCONTR Fax: *****56 70 BHENTON WAY #04-028 MARINA HOUSE, SINGAPORE 0207 WEEKLY LCL CONSOLIDATION I DAMMAM, SHARJAH ABU DHABI, BANDAR ABBAS, RIYADH JEDDAH 26/3 31/3 ■Mirwilfii. PIREAUS, LIMASSOL, BEIRUT, OUZAI, LEBANON, VALLETTA ALEXANDRIA, PORT SAID, PORT SUEZ
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      436 54 UKC CONVENTIONAL gjgg VESSEL PKL PNG P.O. LOACMNQ FOR A VESSEL 28/03 Rotterdam/Anfmwrp CHINA COWVPmOHAL SERVICE VESSEL PKL PNQ P.O. LOADING FOR: KAIHENQ 10/03 15/03 Huangpu/Quangzhou CO SCO FULL CONTAINER IWVICII tPCL/FCL) EXPORT TO: CHMA/BANQKOK/HONOKONO EUROPE/CONTINENT AL WEST MEDITERRANEAN AUSTRALIA US WIST COAST Plmm ret©f above mentioned services to China
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      379 54 Read CHARTPOINT, a guide to investing in the stock market. Every Saturday in Business Times. <*rawJo[p /MxsGxfl Bod Australia Now Zealand Weekly LCL Consolidation CARGOFLO Singapore-Australia V- Fremantle Adelaide Melbourne Sydney Brisbane Singapore-New Zealand t *ay I Auckland Wellington Lyttleton J Jq New Plymouth Napier Christchurch f Jri I mmnmmwmmmmumMm
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      1209 55 I ▲HYUNDAI MERCHANT MAWfE CO. LIP. EABTBOONO FEEDER TO PACIFIC SOUTH-WEST TO PACIFIC NORTH-WEST naa not w wd aw u* hou. wt koo lbh oak sa it mm mi mo rn MM HM Ml NMI 11/03 li/03 20/03 H. MOVATOR Uf 27/03 13/04 10/04 10/04 G010» GATE OR Mf 01/04
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      486 55 STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS INBOUND VESSELS KSBI IVT V H MC U SOMtl U SI Sit ASM TUMI" 7 111 n/i mam mm rr OALIA IOU 1 M/l 1/4 S/4 FIRfAST NUT J 2/« UK U M *22 1/4 11/4 U/4 tmttS I 11/4 14/4
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      927 55 M Mil I J I OUR SERVICE CALLS |g= i* m r 141 1"" Prl* P Pr SINGAPORE —i —i »»44 a/« aumami n—x ijmm MMi mm nm nm nm nm tv*t DIRECT EVERY I mm* bom mm nm mumim t«oi mm» x/w nm am nm w* nm *m nm
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      88 56 v-' FOR SUCCESSFUL MANAGEMENT OF YOURBU||NESS Stories on labour and its relationship with management, management concepts in practice, profiles of leading managers in Singapore and relevant book reviews. ENTERPRISE MANAGEMENT, in Business Times every Monday, is must reading for managers who want, the competitive edge. Plus an occasional look at
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