The Business Times, 18 May 1992

Microfilm: NL18202
Total Pages: 42
1 42 The Business Times
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  • Title Section
    Masthead
    16 1 Business Times THE BUSINESS PAPER EOR S-E ASIA MITA (P) 35/12/91 Monday, May 18, 1992 75'
    16 words
  • NEWS SUMMARY
    • Article
      Minister hints at another term for Suharto
      82 1 JAKARTA One of Indonesia's most powerful ministers has hinted that President Suharto will stand again when his current term expires in March next year. Secretary of State Murdiono, at a campaign rally last Friday for the ruling Golkar party for June 9's state
      82 words
    • Article
      Brunei increasing oil output by 11pc
      49 1 KUALA BELAIT, Brunei Brunei is raising its oil production by 11 per cent this year to 180,000 barrels per day (bpd), its highest level in a decade, even though it does not need the money, senior officials say. Easing of demand, Pg 20
      49 words
    • Article
      KL seen losing steam
      21 1 THE Malaysian economy showed signs of losing steam in the early months of this year Page 6
      21 words
    • Article
      Dragon hopes in Hanoi
      29 1 VIETNAM is rapidly improving its relations with Asean and working hard in commerce and industry in hopes of becoming the fifth "little dragon" Page 6
      29 words
    • Article
      Talks on dumping
      23 1 HONGKONG trade officials will fly to Washington next month to raise outstanding concerns over the US antidumping laws Page 6
      23 words
    • Article
      Boost for Bonn
      33 1 IN SPITE OF labour unrest and worries about the German economy, statistics are improving enough to give some financial analysts more confidence than seems appropriate at the moment Page 7
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    • Article
      Recovery confirmed
      28 1 SURPRISINGLY strong industrial output in April confirms that the US economy is gathering steam as it tries to pull out of recession, say economists Page 7
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    • Article
      Goldberg gels serious
      29 1 FROM discussing political oppression to dwelling on the size of her tampons, actress Whoopi Goldberg cuts a provocative figure at the Cannes Film Festival Page 11
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    • Article
      Options available
      33 1 INDIAN SHIPPING companies are now able to get substantial parts of their shiprepair and dry docking jobs done abroad, and pay for it promptly in foreign exchange. Shipping Times Page 1
      33 words
  • MARKETS SUMMARY
    • Article
      Beer firms do well
      36 1 IN SPITE OF the Indonesian recession, listed beer companies PT Multi Bintang and PT Delta Djakarta turned in impressive performances last year, widely attributed by analysts to their superior management Page 2
      36 words
    • Article
      Call for investment
      29 1 TAIWAN'S government will be lobbying the island's private sector today to invest in Taiwan Aerospace's acquisition of a major portion of McDonnell Douglas Corporation. Page 2
      29 words
    • Article
      Bid to retain control
      41 1 AFTER fighting a losing battle to avoid bankruptcy in Canada, Olympia York Developments Ltd is continuing to press its lenders to allow it to control its prized properties in New York as well as London Page 3
      41 words
    • Article
      Exxon plans lay-offs
      38 1 EXXON Co USA is to trim its white-collar workforce by at least 1,000, or 10 per cent of the total, to offset sluggish demand, low energy prices and limited access to domestic reserves Page 4
      38 words
    • Article
      Midland bows to ruling
      35 1 BRITAIN'S Midland Bank pic has said it will comply with a ruling by the UK takeover panel and provide competitor and potential suitor Lloyds Bank pic with confidential information Page 5
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    • Article
      Dresdner moves ahead
      18 1 DRESDNER Bank AG says it is continuing to enjoy good growth this year Page 5
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    • Article, Illustration
      STOCK INDICES
      27 1 Friday Change BT-MGA 707% -1.16 Kuala Lumpur ....590.34 -2.69 Tokyo 18.074.27 -730.33 Hongkong 5,704.50 -41.95 Sydney 1,660.7 -19 New York 3,353.09 -15.79 London 2,682.6 -12.1
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    • Article
      CURRENCIES
      24 1 F Tftttffft rates USS SS 1.6395 100 Yen SS 1.2549 MS SS 0.6471 Monty narfcat rate* Overnight unav unav 3-montn 3 1/8 unch
      24 words
    • Article
      COMMODITIES
      30 1 S'pore June 142.50*/kg +1.75 M'sia June 2l7.00*/kg unch KL Tin Turnover 74 tonnes +41 Spot MS 15.29/kg +24 Crvdt palm oil Turnover 1,172 lots -732 July MS853 /tonne +1
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  • Article, Illustration
    CCL not making cash call to finance M Credit bid
    555 1  -  Takeover tussle not over yet, says CCL chairman By Sylvia Wong SINGAPORE As car distributor Cycle and Carriage Ltd (CCL) moves into top gear in its pursuit of Malayan Credit Ltd, CCL chairman Basir bin Ismail has assured shareholders that
    555 words
  • Article
    Ramos in driving seat
    44 1 HOLDING 19.25 per cent of the ballots cast in the Philippine presidential election as of last night, former defence chief Fidel Ramos appeared headed for victory as protests by his main rival, Miriam Santiago, against alleged fraud suddenly lost steam.
    44 words
  • Article
    Thomson's thrust
    49 1 HARD WORK. Attention to detail. Commitment. These are the seeds new chairman Alain Prestat aims to sow in the staff at Thomson Consumer Electronics to turn the French giant into a world beater. He has set himself eight years to accomplish his mission. Full report, Pg 9
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  • Article
    Lock icon Over 100,000 take part in renewed anti-Suchinda protests in Bangkok
    553 1 Gashes with pro-government demonstrators feared Reuter, AFP, AP BANGKOK More than 100,000 protesters filled a square in central Bangkok yesterday in renewed protests calling for the immediate resignation of Thailand's unelected prime minister amid fears of violent clashes with possible
    Reuter,; AFP,; AP  -  553 words
  • Article, Illustration
    Human suffering in S'pore moderate, says US study
    354 1  -  By Salil Tripathi SINGAPORE Despite having the world's best airport, best port, cleanest city and best workforce, Singapore ranks 28th in a "human suffering index" compiled by a Washington-based organisation called the Population Crisis Committee (PCC). And what brings Singapore's average down
    354 words
  • Article
    SIA retains position as biggest private sector employer
    423 1  -  By Chuang Peck Ming SINGAPORE Singapore Airlines, flying past Seagate Technology two years ago, stays ahead as the biggest employer in the private sector. Disk-drive manufacturer Seagate and Singapore Bus Service (SBS) keep their positions at number two and three, respectively, in
    423 words
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      133 1 THE VISIBLE J V DIFFERE n CE 1 y;v PROFESSIONAL EYE CARE OPTIQLE PiRISMIKI I -v 1 Plaza Singapura Liang Court »i i'* Marina Square Scons Clifford V»~L. j Daimaru Sunglasses Counter Aircraft Schedule 21 Market Reviews 17 World News 7 The Vts 11 Money Changer Rates 21 World Stock
      133 words
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      85 1 There's no place like home withDulux. THE WORLD S NO 1 PAINT Latest update, see Back Pg Naturally enthusiastic. Aboard Japan Airtinas, you quickly senae a genuine w*» encounter the lefreehinghcspiiaityofJAL once, do so enthusiasm on the part of the in-ffight crew. It's easy to see again and again. Welcome
      85 words
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      Page 1 Advertisements Column 3
      4 1 Full report, Pg 9
      4 words
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  • COMPANY NEWS 1
    • COMPANY BRIEFS
      • Article
        Muda Holdings eyeing China and Australia
        77 2 KUALA LUMPUR Muda Holdings is eyeing China and Australia, whieh are big potential markets for paper, paper bags and corrugated cartons. The group, strong in the production of these products, has a branch office in Guangzhou which can handle promotion in China, according to
        77 words
      • Article
        HLI makes offer for MPI shares
        117 2 KUALA LUMPUR Hong Leong Industries (HLI) has offered M$ 165.46 million, or Ms 4 per share in cash, for 41.36 million shares or 27.67 per cent of Malaysian Pacific Industries (MPI). The offer was made to Hong Leong Co (Malaysia) and its subsidiaries and
        117 words
      • Article
        Temerloh targets 2 sectors
        61 2 KUALA LUMPUR Following a restructuring exercise, Temerloh Rubber Estates (TRE), the flagship company of Azman Hashim, plans to focus more on manufacturing and services. Mr Azman, who is chairman of TRE, said the restructuring, which includes changing the name of TRE to Arab-Malaysian Corp, will place
        61 words
      • Article
        Kg Lanjut in steel venture
        77 2 KUALA LUMPUR In a move to diversify and boost its earnings base, property-based Kampong Lanjut Tin Dredging has entered into a joint venture with Shanghai Baogang Metallurgical Construction Corp to make various steel products in Ipoh and Perak. Under the 70-30 joint agreement, high-quality steel
        77 words
      • Article
        Nissan plans more parts imports
        86 2 TOKYO Japan's second largest automaker, Nissan Motor Co, plans to double its expenditure on auto parts bought from its Asian affiliates in the current fiscal year, the Nihon Keizai Shimbun reported yesterday. By increasing its expenditure on parts from its Asian affiliates to six to
        86 words
      • Article
        Taiwan bourse may get big player
        73 2 TAIPEI Taiwan's roller coaster stock market could have another big player as the postal administration here plans to use part of its US$l.O7 billion (551.75 billion) deposits to speculate, officials said here yesterday. "We plan to use part of the life insurance premium to
        73 words
    • Article
      Two Indon beer firms do well despite recession
      501 2  -  Good management helps Multi Bintang, Delta Djakarta improve profits From Maggie Ford in JAKARTA DESPITE the Indonesian recession, listed beer companies PT Multi Bintang and PT Delta Djakarta turned in impressive performances last year, widely attributed by analysts to their superior management.
      501 words
    • Article
      Lock icon Taiwan govt to lobby for private investment in McDonnell Douglas
      409 2 UPI TAIPEI Taiwan's government will be lobbying the island's private sector today to invest in Taiwan Aerospace's acquisition of a major portion of McDonnell Douglas Corporation, the official China News Agency reported. Government officials will hold a series of meetings
      UPI  -  409 words
    • Article
      PSC plans to invest in China's retail industry
      270 2  -  By i Genevieve Cua SINGAPORE Provisions Suppliers Corporation Ltd (PSC) has identified China as its most promising growth area where, in addition to reeent investments in property and manufacturing, it may also invest in the retail industry. PSC group development manager Foo
      270 words
    • Article, Illustration
      Lock icon HK firms to develop property in China
      245 2 HONGKONG Shun Tak Holdings and Sociedade de Turismo e Diversoes de Macau (STDM) plan to spend up to HK$6OO million (Ssl26 million) for two commercialresidential developments in Zhuhai, Guangdong. After last Friday's annual general meeting. Shun Tak chairman Stanley Ho Hung Sun said
      South China Morning Post  -  245 words
    • Article, Illustration
      O&Y scrambles to limit the damage
      563 3 Collapse of Olympia York NEW YORK After fighting a losing battle to avoid bankruptey in Canada, Olympia York Developments Ltd (O&Y), the world's largest real-estate developer. eontinues pressing its lenders to allow it to control its prized properties in New York and London. O&Y's
      563 words
    • Article
      Lock icon Banks face US$3b losses on loans
      452 3 FT LONDON As stock markets in the US and Canada recovered their poise on Friday, it emerged that banks face losses of at least US$3 billion (554.9 billion) on their loans to O&Y. The scale of banks' losses became clear after Citicorp, the biggest
      FT  -  452 words
    • Article
      Lock icon HKBank's exposure depends on quality of security: analysts
      271 3 South China Morning Post HONGKONG The Hongkongßank group is not likely to be badly affected by Canadian property giant Olympia York's bankruptcy filing provided its exposure of almost USS7OO million (SSI. 15 billion) is secured by a quality asset, analysts say. Lack
      South China Morning Post  -  271 words
    • Article
      Lock icon Proposal to offer lenders 20pc equity in five years
      224 3 Reuter TORONTO Olympia York Developments Ltd (O&Y) will offer lenders a 20 per cent equity stake or 275,000 class B shares in the company in five years in exchange for a debt free/e, court documents show. The plan is similar to
      Reuter  -  224 words
    • COMPANY BRIEFS
      • Article
        Unilever's first quarter pre-tax profit up 5.3pc
        114 4 LONDON Anglo-Dutch food and consumer products group Unilever plc-NV said last Friday that its first quarter 1992 headline profit rose about 5 per cent, but underlying profit dropped 2 per cent, due partly to hefty marketing expenditure. The group, which makes Birds Eye
        114 words
      • Article
        Paris to cut Total stake to 15pc
        104 4 PARIS France, stepping up the pace of privatisations, will reduce its stake in oil firm Total SA to 15 per cent, from 34 per cent, the Finance Ministry said. The planned sale follows a cut last week in the state's share in packaging
        104 words
      • Article
        Mannesmann profit falls
        71 4 DUESSELDORF Diversified engineering group Mannesmann AG said its group net profit in the first three months of 1992 were below last year's level, but did not provide any profit figures in an interim report on the first quarter. However, Mannesmann said group sales in the first quarter
        71 words
      • Article
        Ferruzzi ex-chief returns to Italy
        73 4 MILAN Entrepreneur turned yachtsman Raul Gardini announced he was returning to the Italian industrial scene with the launch of a new food group. The ex-president of Ferruzzi Finanziaria, who said over a year ago that he was turning his back on Italy, is teaming up
        73 words
      • Article
        ABB seen maintaining new orders
        97 4 STOCKHOLM Swiss-Swedish power firm ABB Asea Brown Boveri is expected to maintain its level of new orders, despite economic recession, but show flat earnings for the first quarter, analysts said. ABB, which reported a profit after financial items of US$23l million (*****.8 million) for the
        97 words
      • Article
        Nike keeps up pace of revenue
        73 4 SEATTLE Nike Inc said it has experienced no slowdown in revenue momentum during the fiscal year ending May 31, 1992, despite its earlier statement that earnings for the year may fall at the low end of Wall Street estimates. Nike shares were down Vk
        73 words
    • Article
      Lock icon Exxon USA to axe 10pc of white collar work force
      407 4 Reuter HOUSTON Exxon Co USA said on Friday it will trim its white collar work force by at least I,(XX), or 10 per cent of the total, to offset sluggish demand, low energy prices and limited access to domestic reserves.
      Reuter  -  407 words
    • Article, Illustration
      Many happy returns
      45 4 NEW YORK The New York Stock Exchange celebrated its bicentennial in a reception for ambassadors to stock exchanges worldwide at the NYSE on Saturday. NYSE chairman William Donaldson (right of cake) and NYSE president Richard Grasso (left of cake) hosted the event.
      45 words
    • Article
      Lock icon MGM-Pathe posts US$54.7m 1st quarter loss
      346 4 UPI CULVER CITY. California MGM-Pathe Communications Co. continuing to bleed red ink and blame former owner Giancario Parretti, has reported a first-quarter loss of U5554.7 million (5589.7 million), compared with a loss of USSI(X).6 million in the year-ago quarter. First-quarter revenues were U*****.9 million,
      UPI  -  346 words
    • Article
      Lock icon NY retailer files for bankruptcy protection
      452 4 NYT NEW YORK I he death knell rang for another big New York City retailer on Friday as Alexander's Ine closed its 11 stores and filed for bankruptcy protection. The budget department store company, merchant to successive waves of struggling immigrants, said it would
      NYT  -  452 words
    • Article
      Lock icon Alcoa resource analysis likely to mean more job cuts
      291 4 Reuter PITTSBURGH Aluminum Co of America (Alcoa) is evaluating resource requirements at its business units and its headquarters, a process that is likely to lead to more staff cuts, chairman Paul O'Neill said. "We really are doing a very careful analysis."
      Reuter  -  291 words
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      Page 2 Advertisements Column 1
      114 2 You know Chances more than you The sleepless Even no by your office Then getting the plans Only nowhere to can soothe your headaches is open plan office amazing to turn your office your The key you can put in worktops, counter shelves anywhere you want. msisia -=r_ designed to
      114 words
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      263 4 THE WINNING EDGE IN-DEPTH business /jSfiy NEWS For over two decades Singapore Business has covered the local and regional business scene with more depth and breadth from a perspective which is more relevant to local businessmen than any other publication. Some may call it an 111 j[ A unfair advantage.
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      Page 4 Advertisements Column 2
      214 4 review f NEEDNOTBE W l You are a Credit Manager managW ing I,soocredit accounts. Annual T mm review is required of all 1,500 ac- counts and all you have to assist you j is one Credit Assistant. j Mow can you manage? Together, we can. You, your Credit Assistant and
      214 words
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  • FINANCIAL NEWS
    • Article, Illustration
      Lock icon Midland to give Lloyds confidential information
      380 5 Reuter LONDON Britain's beleaguered Midland Bank pie said on Friday it would comply with a ruling by the UK takeover panel and would provide competitor and potential suitor Lloyds Bank pic with confidential information. Earlier, the panel, meeting in full session, dismissed an appeal
      Reuter  -  380 words
    • Article
      Lloyds offers to help small business
      244 5 HONGKONG Lloyds Bank has revealed a programme to assist small business in its latest volley at the Hongkongßank group in the battle to acquire Midland Bank. Lloyds said in a letter to Midland shareholders last week that it would establish a £100 million (*****
      244 words
    • Article
      Lock icon Reforms for US mutual funds
      294 5 Reuter WASHINGTON American market regulators are set to propose a sweeping package cf mutual fund industry reforms to give investors a broader choice of funds and make it easier for them to shop around for the best deal. The proposals are the outgrowth of a
      Reuter  -  294 words
    • Article
      ADB affiliate raises funds for private sector deals
      373 5  -  By Salil Tripathi SINGAPORE At a time when the Asian Development Bank is under increasing pressure to channel its lending from large governmentrun. public-sector projects average size US$76 million (S$ 124.6 million) to private sector entrepreneurial projects, one of its affiliates has
      373 words
    • SMALL CHANGE
      • Article
        Thai banks' net profit up 67pc in first quarter
        126 5 BANGKOK The combined net profits of Thailand's 15 banks soared 66.7 per cent to 6.6 billion baht (Ss42l million) in the first quarter of 1992, compared with a 18.5 per cent rise for the same period last year. The Nation reported
        126 words
      • Article
        Longer trading in Hongkong
        96 5 HONGKONG A recent spate of record daily turnovers has prompted the Hongkong Stock Exchange to extend trading hours by 30 minutes on a trial basis. The South China Morning Post reported last Saturday that the new trading hours, beginning today, will extend the morning session to
        96 words
      • Article
        More Thai provident fund licences
        96 5 BANGKOK The Bank of Thailand will give more provident fund licences to finance and securities companies having at least 500 million baht in net capital and five billion baht in net assets. The Nation newspaper reported last Friday that the central bank had given provident
        96 words
      • Article
        Dutch promissory note sale
        93 5 AMSTERDAM The Netherlands' first promissory note sale in 12 years is mainly an effort to raise cheap shortterm funds but will also help the country prepare for European monetary union, analysts and officials say. The Finance Ministry announced last week that it would begin selling promissory
        93 words
    • Article
      Lock icon Dresdner Bank has good profit growth
      223 5 Reuter DRESDEN Dresdner Bank AG, Germany's second largest commercial bank, says it is continuing to enjoy good business growth this year, with profits up by more than 10 per cent in the first part of 1992. "We saw a double-digit profit increase in the
      Reuter  -  223 words
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      169 5 m 40** —jWWPP— Wk m r J I SAW. I saw a car with a J-liire V 6 DOHC, 24-valve electronically position by a computerised memory. And not only has ABS braking but And costs only 118.888. With four wheel steering and electronically managed fuel-injected engine which touches 215 kilometres
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  • THE REGION
    • NOTE BOOK
      • Article
        Aung San Suu Kyi not convinced about reforms
        84 6 BANGKOK Nobel laureate Aung San Suu Kyi is not convinced Myanmar's ruling junta has begun genuine reforms but is willing to give the military government the benefit of the doubt, her husband said here yesterday. Michael Aris, talking to reporters after visiting
        84 words
      • Article
        Manila reserves down to US$4b
        89 6 MANILA The Philippines' gross international reserves dipped to US$4.l5 billion (Ss6.B billion) at the end of April from an all-time high of U555.42 billion in March, a Central Bank statement said here yesterday. The reduction resulted from the use of U551,248 billion to buy back
        89 words
      • Article
        Rise in HK jobless rate
        114 6 HONGKONG The colony's unemployment rate rose to 2.4 per cent in the first quarter from 1.8 per cent in the last quarter of last year, but the government and analysts say it is unlikely to keep rising this year. "It is a bit higher than
        114 words
      • Article
        KL to decide on foreign workers
        81 6 SEPANG The Malaysian Government will decide on Wednesday whether to allow foreigners to work in the country's manufacturing sector, Deputy Prime Minister Ghafar Baba said yesterday. He was speaking after opening the Sepang Trade Expo in Salak Tinggi. He said there were signs of
        81 words
      • Article
        M'sia looks into phone service
        53 6 SUNGAI SIPUT, Perak Malaysia is considering introducing General Service Mobile (GSM) telephones in the country, Energy, Telecommunications and Post Minister Samy Vellu said yesterday. The cellular telephone service would initially provide communications within the country before it is extended to the Asean countries and the
        53 words
    • Article
      Malaysian economy seen to be losing steam
      435 6 KUALA LUMPUR The Malaysian economy showed signs of losing steam in the early months of this year. As such, there is need to finetune economic management if strong growth, of about 7 per cent, is to be sustained in the medium and long
      435 words
    • Article
      HK officials to tackle US on anti-dumping laws
      218 6 HONGKONG Hongkong trade officials will fly to Washington next month to raise outstanding concerns over the US anti-dumping laws, the Hongkong based South China Morning Post said on Saturday. New Deputy-Director General of Trade Christopher Jackson will head the Hongkong delegation during
      218 words
    • Article, Illustration
      Lock icon Vietnam working hard to be fifth little dragon
      620 6 IHT HO CHI MINH CITY Vietnam is rapidly improv ing its relations with the Association of South-east Asian Nations and working hard in commerce and industry in hopes of becoming the fifth "little dragon". Singapore. Hongkong. Taiwan and South Korea have, since
      IHT  -  620 words
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      29 6 If you're a sleepwalker, please fasten your seatbelt. Euro Sleeper: for you can relax our class sleeper Euro Class. Scandinavian Airlines. The expressway to Europe. XtT 1 SCANDINAVIAN AIRLINES
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  • THE WORLD
    • Article
      Lock icon Economic figures bring a little cheer to Germany
      436 7 Situation seen improving despite labour unrest and jittery mood AP BERLIN In spite of labour unrest and worries about the German economy, statistics are improving enough to give some financial analysts more confidence than seems appropriate when headlines are depicting chaos in
      AP  -  436 words
    • Article
      Lock icon US output data points to rebound
      279 7 Reuter NEW YORK Surprisingly strong industrial output in April confirms that the US economy is gathering steam as it tries to pull out of recession, say economists. The recovery is very much here," said Ram Bhagavatula, chief financial economist at Citicorp Global Finance, last
      Reuter  -  279 words
    • Article, Illustration
      Lock icon Foreign chip makers making advances into Europe
      623 7 FT LONDON In the rural setting of Avezzano, a peaceful town about 100 km east of Rome Texas Instruments, the US semiconductor manufacturer officially opened two weeks ago a new factory making semiconductor chips for the European market. As the latest in a
      FT  -  623 words
    • WORLD WATCH
      • Article
        EC farm ministers to discuss CAP reforms
        95 7 BRUSSELS European Community (EC) farm ministers are set for a key meeting today likely to shape the 12-nation bloc's controversial agriculture system for the rest of the decade. Negotiations on reforming the Common Agricultural Policy (CAP), notorious for producing mountains of unwanted food,
        95 words
      • Article
        Assurance on Gulf-EC ties
        98 7 KUWAIT Gulf Arab states are incensed at a proposed European Community environment tax which threatens their precious oil markets but their alliance with the West remains as solid as ever. Gulf officials say. "Our alliance (with the EC states) is strategic. It is not threatened," said
        98 words
      • Article
        Taiwan to ease China curbs
        95 7 TAIPEI Taiwan will ease restrictions on economic contact with China, allowing service industries to invest in the Chinese mainland and banks to do more business there, government officials said over the weekend. The Economics Ministry has decided to approve 146 applications by Taiwan businessmen to
        95 words
      • Article
        Environment treaty this week
        121 7 NAIROBI Officials of 93 governments are moving towards agreement on a treaty to safeguard the world's plants and animals for future generations. United in their concern over protecting the planet but divided about how to pay for it, delegates to a United Nations Environment Programme meeting
        121 words
      • Article
        High mental stress in Japan
        145 7 TOKYO More than 40 per cent of Japan's middle-aged male workers think they suffer some form of mental stress, a government report shows. It is the first time the Health and Welfare Ministry has carried out a comprehensive health report on Japan's workers, known the
        145 words
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      214 7 EXCLUSIVE The pride of the foremost French marque world to dispense with their chauffeurs A princely chariot for the man of the hour. and take the wheel themselves. And now, Peugeot's new flagship executive saloon, the unleaded-compatible 605 protects the 605, invariably invites superlatives the environment even as it protects
      214 words
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  • SPORTS
    • SIDE LINES
      • Article
        St James roars into racing history
        151 8 INDIANAPOLIS Lyn St James wanted no more drama. She simply went out and made history. The second woman to qualify for the Indianapolis 500 was the first driver to complete a four-lap, 16-km run on Saturday. She brought a sustained roar from the more
        151 words
      • Article
        Graf faces Sanchez
        98 8 BERLIN Steffi Graf aims to turn the clock back to the 1991 German Open final when she takes on Spain's Aranxta Sanchez in the final of this year's tournament. The German star beat Sanchez in three sets last time around, and they were to meet again yesterday
        98 words
      • Article
        Konishiki crashes
        107 8 TOKYO American Konishiki crashed to his third successive defeat in the Tokyo Summer grand sumo tournament on Saturday to lose all hope of an early promotion to the sport's highest rank. Konishiki, who weighs in at 264 kgs, rushed the much smaller Misugisato but lost his momentum and
        107 words
      • Article
        Powell inches closer
        104 8 MODESTO, California Mike Powell came within two inches of his world long jump record on Saturday, soaring 29 feet 2 1/2 inches (9.40 metres) at the Modesto Invitational, his first outdoor competition this year. The wind-aided jump matched Bob Beamon's 23-year-old mark, eclipsed by Powell's leap of
        104 words
      • Article
        LeMond keeps overall lead
        104 8 RICHMOND, Virginia Former Olympic cycling champion Alexi Grewal won the 10th stage of the Tour Du Pont cycle race on Saturday, but Greg LeMond kept the overall lead with one stage to go. Grewal, winner of the 1984 Olympic road race, pulled away from American Chann
        104 words
    • Article, Illustration
      Lock icon Glory for the victorious Cubens
      727 8 America's Cup AP, Reuter SAN DIEGO Bill Koch's ability to get his sailors to trust his designers, and viceversa, kept the America's Cup from moving from the San Diego Yacht Club to Venice, Italy. America J beat II Moro di Venezia by 44 seconds on
      AP,; Reuter  -  727 words
    • Article
      Lock icon Favourite Pine Bluff triumphs at Preakness
      427 8 Reuter BALTIMORE, Maryland An extremely confident Chris McCarron prodded surprise 7-2 favourite Pine Bluff past speedy Alydeed in the final strides on Saturday to win the 117 th Preakness Stakes, middle jewel of the American thoroughbred racing Triple Crown, Pine Bluff beat Alydeed by
      Reuter  -  427 words
    • Article
      Lock icon King reigns at LPGA Championship
      183 8 AFP BETHESDA, Maryland Veteran Betsy King blasted to a five-shot lead in the Ladies Professional Golfers Association Championship on Saturday with a thirdround 67. King's bogey-free round included four birdies and put her at 12-under 201. Sweden's Helen Alfrcdsson tired a 68 for 206. and
      AFP  -  183 words
    • Article
      Lock icon Gardini undecided about 1995 challenge
      333 8 AFP, Reuter SAN DIEGO Italian billionaire Raul Gardini said on Saturday he was undecided about challenging for the America's Cup again in 1995. "We'll be thinking it over," he said through a translator at a news conference after his II Moro di Venezia lost 4-1
      AFP,; Reuter  -  333 words
    • Article
      Lock icon Courier to take on unseeded Costa
      213 8 AFP ROME World tennis number one Jim Courier of the United States was to face unseeded Spaniard Carlos Costa in yesterday's final of the US$l.4 million (552.28 million) Italian Open. Courier had to fight back from a set down to beat Germany's Carl-Uwe Steeb
      AFP  -  213 words
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      Page 8 Advertisements Column 1
      110 8 ffl I Eu|p^ The PC Show will be playing to a packed audience... WILL YOU BE ONE OF THE STAR ATTRACTIONS? f~"'~l ""v. J THE PC SHOW is one of Singapore's premier events for computer users. The Straits Times will be publishing a special feature in conjunction with this Show.
      110 words
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  • ENTERPRISE & MANAGEMENT
    • Article, Illustration
      Significant steps in time
      845 9  -  A taste for hard work and the habit of paying painstaking attention to detail. That is what Alain Prestat aims to inculcate in the employees of Thomson Consumer Electronics. Shoeb Kagda talks to the man about his mission. Shoeb Kagda EIGHT years. That is how long
      845 words
    • Article, Illustration
      Suitably shod for the job
      662 9 Title: Six Action Shoes Author Edward de Bono Publisher Harper Collins 174 pages, $34.90 Reviewer Helen Chang A JAPANESE jumbo plane crashes into a mountain killing all its passengers, and the head of the airline resigns, even though he is not directly responsible. A faulty
      662 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      60 9 FLIGHT WE PERSONAL jj^ln Not that of films the opposite.) certainly not those the freedom when they K It was simply that where this very personal service was on only ever carry 18 flfe* -s^ZT3 J passengers In *<ra y Jk. Ji shame perhaps, people enjoyed this But we know
      60 words
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  • Page 10 Advertisements
    • Advertisement
      Page 10 Advertisements Column 1
      818 10 Noflgwg Beats A BlU*- Biffinfll where to wine, dine OUKDC&j Experience Barbeque Baby Back Ribs. Clam Chowder. Philadelphia Pepper Pot and more at Nutmegs throughout the month of May at back to the 80s prices. Set dinner is also available at $50++ Lunch 12 noon to 2.30 pm Dinner: 7pm
      818 words
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      Page 10 Advertisements Column 2
      247 10 H°W To Happy v Family It's really easy once you know I what we have in store for you and p your family at The Stables. A I tj? super family buffet that'll delight J even the tiniest of tots. So come I on over brst thing this weekend. It's
      247 words
  • Page 10 Miscellaneous
    • Miscellaneous
      Page 10 Miscellaneous Column 1
      603 10 TELEVISION AND RADIO I v a* ~<» x-,. vwT 1 "1 a "I j ee»f*is 9.00 Haws at Nine. 5.00 Regional News. BUSINESS ON RADIO \A/i I ri 4- L-\ /xrifeT 9.30 Civil Wars (Stereo). 6.30 With the Quran. llCl til iICSTI 5.50 I#J#^^ rt (Scc ur 7!00 m ■■Ha—"i'
      603 words
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  • THE ARTS
    • Article, Illustration
      Lock icon Serious Whoopi
      568 11  -  Andrew Gumbel catches up with a straight-talking Whoopi Goldberg at the Cannes Film Festival Andrew Gumbel Reuter WHEN Whoopi Goldberg came to last year's Cannes Film Festival, one French tourist on the beachfront thought she was Michael Jackson. This time round, the black American actress has been quite
      Reuter  -  568 words
    • Article, Illustration
      A contest that ended in triumph for all
      542 11  -  Andrew Lim reviews last Friday's SSO concert Andrew Lim THERE were occasional struggles at Friday's Singapore Symphony Orchestra concert, but the evening ended in triumph for all the musicians concerned. Brahms' Piano Concerto No I in D minor, op 15. which began
      542 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      145 11 AND ENTERTAIN Hubertus Grill Goes Austrian Again; The ever popular Austrian Food Promotion is on again at Hubertus Grill... Come savour this annual affair of glorious Austrian specialities... Dinner only 7 pm to 10.30 pm 19- 30 May 1992 ANgHOIg For Vdttvaftkms, 15 Nassrn Hill. Singapore 1025 call 732-1222 extension
      145 words
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      Page 11 Advertisements Column 2
      306 11 SUITE FOR THE PRICE OF AN EXECUTIVE ROOM! Yes, you get a suite with your own private lounge for only $340++. At an equivalent price, most other hotels only offer a bedroom and a shared Executive lx>unge. So why settle for less when you can have more? More space. iMore
      306 words
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  • STOCK EXCHANGE OF SINGAPORE 1
    • Article, Illustration
      Second liners, Sesdaq attract investors' attention
      4259 12  -  By Joseph Rajendran THE LOCAL bourse last week started on a weak note with light profit-taking, but picked up later with selective interest in second liners and Sesdaq counters. Still, the week ended with the benchmark Straits Times Industrials Index slipping 7.05 points to
      4,259 words
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  • Article
    STOCK EXCHANGE OF SINGAPORE 2
    3057 13 B Scmbawang 660 75 12.8% Robinson 640 t-N) H0..1% GF. Life 1910 40 2.1'S. Singmarine 50* >40 20 3.8% Venture Ml'g 25' 57V; t 16 t 38 6% BAT 21* 575 M5 t 2.7% C Properties 660 15 1-2.3% Spore Bust- 500 675 +15 2.3%
    3,057 words
  • Page 13 Advertisements
    • Advertisement
      Page 13 Advertisements Column 1
      78 13 A MONTHLY MAGAZINE OF BUSINESS TRENDS Older workers and the low-skill, low-wage trap Shanghai woos the foreign Investor What 'pay* TV will mean for ad budgets Banking on the personal loan market j ifPl A homegrown fund manager makes waves The growing market appetite for delis I This business of
      78 words
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  • Article
    STOCK EXCHANGE OF SINGAPORE 3
    3323 14 MCB Hldgs 5C 98Vi f 8 t 8.8% H Leung Ind 50* 560 5 0.9% Perils Plant 525 +5 1.0% Uniphoenix 123 +5 *-4.2% YTL Corpn 50* 160 5 <-3.2% PJ De% Hldgs 87 t 4 »4.8% KL Industries 76 +3 4.1% Uniphone Tel 276
    3,323 words
  • Page 14 Advertisements
    • Advertisement
      Page 14 Advertisements Column 1
      118 14 Join the Chinese newspapers in their TRIPLE CELEHOTOSB The Chinese newspapers in Singapore have come of age. All the three Chinese dailies will be celebrating with their own special features highlighting their past successes and future directions. As an advertiser, you are invited to take part in the TRIPLE CELEBRATIONS;
      118 words
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  • KUALA LUMPUR STOCK EXCHANGE
    • Article, Illustration
      Lock icon Stocks ease on lack of follow-through support
      5375 15 Bernama KUALA LUMPUR Lack of follow-through support clipped the previous week's gains on the Kuala Lumpur Stock Exchange last week. Dealers said investors turned sellers on concern over the market's near-term prospects in the absence of fresh buying incentives. Selling of index-linked stocks
      Bernama  -  5,375 words
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  • BT SHARE INFORMATION SERVICE
    • Article
      RESULTS FORECAST
      381 16 Main tart Last Fid Year Forecast Bate M ItetPralt EPS am* 1m EPS Cms praft lace taft Cwpai NiM testjr lets) (WD W SM F May 20 Mar 92 143 2 40 0 912.800 986»-***** 1535-1840 Metra NM«s F Jun 13 Mar 92 110 3.0 7.999 3 5
      381 words
    • Article
      PRELIMINARY RESULTS
      268 16 Company Date Year Group pre-tax Not earnings Cross ana to profit/toss (L) par skaro dividend COM) (coots) Metroptei May 11 Jan 92 M$35 899($28.160) 2 8(2 2 6(6) Promet May 8 Oec 91 M$22.036($2.777l) 3.5(—) -<-) Venture Mfg May 7 Dec 91 S4.495(52.530) 5(34) M Credit May 6
      268 words
    • Article
      OTHER RESULTS DUE
      633 16 MaM last Frf Year Umm Paris* Data Ya* EPS Cms Nd aaaaasi m*C (cts) pntt tart ye* EMS Final No* 6 Jul 91 3.0TE 17,8781 tads tat Final Apr 30 Jan 92 228L HIP Mb Final May 6 Mar 92 4.5 3.3 6.032 JC-WM Final May 15
      633 words
    • Article
      INTERIM RESULTS
      346 16 Company Date Half-year Group pro-tax Interim aim to preftt/less (L) dividend COM) Goodwood Park May 7 Mar 92 $20.643($14,753) 45(35) H Msia May 7 Mar 92 $4.445($313) 20(5) SPH Apr 24 Feb 92 $123.204($110,396) 10(8) Times Pub Apr 20 Feb 92 $18.782($25.132) 4(4) New World Apr 1 Dec
      346 words
    • Article
      AUDITED RESULTS
      423 16 Company Date Year Croup Not Net earnings Gross ann to profit/loss (L) per share dividend COM) (cents) ANA Hotels May 14 Dec 91 S2,706l($1.051L) TIBS H May 14 Dec 91 J8724($5.056) 25 6(14 9) 15(9.5) Straits Trading May 12 Dec 91 $32,230(135,168) 10 9(11.8) 13(13) C Properties May
      423 words
    • Article
      CORPORATE DEVELOPMENTS
      281 16 May 15NatsteeJ Ltd is locked in competition with a Japanese and a Malaysian steel company to set up a US$4O million steel rolling plant in the port city of Haiphong in Vietnam. Natsteel hopes to set up a joint venture with the Hanoi-based Vietnamsteel. Haw Par Brothers has
      281 words
    • Article
      SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS
      722 16 Trans Registered Substantial Buy/ Shares Amount Sluiahaldhip Stack Data tlilitrr Shareholder/Director Sail Involved Befora Cfcfe After Chje Swens 11/05/92 COPIOBS Nominees DBS Bank S 3.709,300 2.010.154 3.709.300 9 27 0 0 00 Swere 11/05/92 COVOBS Nominees DBS Bank B 3,079.300 2.040.119 0 0 00 3709.M0 927 Prima
      722 words
    • Article
      DIVIDENDS ANNOUNCED
      1525 16 Current Ex Berts Oat* Total tar Total for payment date dose payaMo the year last year torn 5% ten 5 >un 18 Jut 2 12.2". 10*TE B Raya 1% Jun 24 Jul 8 Jul 20 3* 2% BousteadSOc 75*<l) Apt 23 May 8 Jun 5 75* 15* fwt.irtrn
      1,525 words
    • Article
      PROPOSED ISSUES
      617 16 Company Rights Issue Wince Itch One tor one fr. SI 00 pet share CASH Three foe two MSG 50 per share MC to* One tor two MSI 25 per share Gotten Hope One-tor sa <p MSi 50 per share H Leonf M two tor five (n MJ3 3b
      617 words
    • Article
      COMPANY MEETINGS
      124 16 Prima Ltd: 32nd AGM at the registered office. 201 Keppel Road. Singapore 0409, on Tuesday, May 19, at 2.30pm Development I Commercial Bank Bhd: EGM at the Auditorium. Ist Floor, RHB 1, 424 ialan Tun Razak, ***** Kuala Lumpur, on Tuesday, May 19. at 10.30 am knchcape Bhd:
      124 words
    • Article
      SCRIPLESS CONVERSIONS
      50 16 Conversion Special Trdg Scripless Conversion deadline Period Trading Company starts (IDP) (ST) starts Gold Coin May 12 Jun 8 Jun 23 kepnel Finance Jun 10 Jul I Jun 19 Jul 1 Jul 2 UOL Apr 30 May 22 May 11 May 22 May 25 Footnote: indicates proposed dates.
      50 words
    • Article
      RECORD HIGHS & LOWS
      150 16 RECORD HIGHS LOWS BT Composite Index ST Industrials Index 1W M- (71 /?1992 N0c 1545.92 (27/1/92) 992 I i9i 3i 222 1992 Z 1352.83 09/4/92) 1991 Sh ***** <3 6/91 1991 1565 58 3/6/91) S ***** I S/12 1991 IT 1149 08 (16/1/91) 1990 Mek J***** J 1990 h«h: 1607.12
      150 words
    • Article
      APPROVED ISSUES
      173 16 Company Rights Issue Keppel France One for tour «i SI 10 per share Ex-date May 25 Books close Jun 4 Acceptance Payment NYA Company Bonus Issue Amcol Onetorttwee Ei date NYA Boots close NYA San Teh One tor ten Ei date Jun 1 Boots close tun 5 Keppd
      173 words
    • Article
      MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      368 16 In local ctirr In SS In L'SS dy yr S dy >t N dy S yr May 14 Index chge chge chgc chge chge chge World 398.3 -0.4 2.4 -0.5 -3.9 -0.4 -4.9 tE\FE 483.2 -0.4 -3.8 -0.3 -6.4 -0.2 -7.4 Europe 453.0 -0.8 10.2
      368 words
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  • MARKET REVIEWS
    • Article, Illustration
      Lock icon Wall St sets its own course, oblivious to good and bad news
      717 17 FT NEW YORK IGNORING the good economic news (low inflation, rising retail sales and industrial output) and the bad corporate news (Olympia York's bankruptcy), the stock market pursued its own primarily technical agenda last week. Typical of the
      FT  -  717 words
    • Article
      Lock icon Friday's panic selloff sets back market
      502 17 AFP SHARE prices closed the week lower on the Tokyo Stock Exchange as investors panicked on news Canadian property developer Olympia and York (O&Y) had filed for protection from creditors. The market's key indicator Nikkei Stock Average ended the week at 18,074.27 for a
      AFP  -  502 words
    • ASIAN MARKETS ROUNDUP
      • Article
        SYDNEY
        237 17 WEAKNESS in Japan saw the Australian share market's solid ride during the week wiped out in the final day's trading, brokers said on Friday. The main market indicator, the All Ordinaries Index made solid gains, only to see them crushed on Friday with an 18.9-point plunge to 1.660.7, down
        237 words
      • Article
        BANGKOK
        212 17 THE Stock Exchange of Thailand Index rose 4.93 points on Friday on light trading to end the week exactly where it started, at 732.89 points. The average daily turnover by volume was 39.64 million shares, up from 35.43 million shares the previous week. The average value of shares changing
        212 words
      • Article
        JAKARTA
        198 17 SHARE prices finished mixed in Jakarta, with trading warming in the last two days of the week to keep the index above 290 points. Average daily transactions dipped to 4.35 million shares, but were valued higher at 108.38 billion rupiah compared with 8.68 million shares worth 39.16 billion rupiah
        198 words
      • Article
        MANILA
        119 17 THE Philippine stock market surged last week as the national elections passed off peacefully, bourse spokesmen said on Saturday. The composite at the larger Manila Stock Exchange rose 8.4 per ccnt to 1,328.37 points while the composite at the smaller Makati Stock Exchange rose 5.9 per cent to 1,333.42
        119 words
      • Article
        TAIPEI
        217 17 SHARE prices on the Taiwan Stock Exchange plunged to a seven-month low earlier last week but later staged a partial rebound. Extending a I 8-per cent slip the previous week, the 285-issue weighted price index plunged 170.15 points to finish the week at 4,292.46 points. The market took a
        217 words
      • Article
        SEOUL
        145 17 SOUTH KOREAN share prices continued to drop for the second week with institutional investors contributing to the bearish mood. The composite price index closed Saturday's half-day session at 585.84 points, down 8.78 points from a week earlier. Average daily turnover was 21.56 million shares, sharply down from 32 million
        145 words
      • Article
        BOMBAY
        217 17 THE Indian stock market last week continued to reel under the efTect of the country's biggest government securities scam uncovered last month. The million-dollar scandal involved Harshad Mehta, the biggest broker on the Indian stock exchange, whose unbridled buying primarily fuelled the boom which more than tripled stock prices
        217 words
    • Article
      O&Y sends shivers down stock market's spine
      849 17 By Ray Heath IF BRITAIN'S leading bankers look to the East as they step out of their offices of an evening, they behold the tower of Canary Wharf. It dominates the skyline, and when the sun is setting in a clear sky, it
      849 words
    • Article
      Lock icon Profit-taking erodes gains
      160 17 AFP HONGKONG SHARE prices in Hongkong closed the week higher in mixed trading, with the key Hang Seng Index gaining 96.31 points or 1.7 per cent to 5,704.50 on Friday. Average daily turnover dropped to HK53.863 billion from the previous week's HK54.057 billion. The market opened the
      AFP  -  160 words
  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      47 17 J Hey Ctye, you I warrfc "to "try (BURP!} j ■fete aerobics Any Job. Any Career. Available Any Day. Any Time, anywhere. The Straits Times The Sunoay Times Business Times The New Paper Ll AN HE ZAOBAO LIANHE WANBAO SHIN MIN DAILY NEWS BERITA HARIAN BERITA MINGGU
      47 words
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  • WORLD STOCK MARKETS
    • Wall St London lose ground on O&Y fears
      • Article, Illustration
        NEW YORK
        1359 18 NEW YORK stocks lost more ground in heavy but lacklustre trading on Friday after the market failed to shake off computer-driven sell programs tied to the "double-witching hour" and concern over Olympia and York's (O&Y) bankruptcy filing. The Dow Jones Industrial Average, fell 15.79 points to 3,353.09. Among
        1,359 words
      • Article, Illustration
        LONDON
        904 18 LONDON shares fell on Friday on news that the world's biggest property developer, O&Y, had sought protection from creditors in Canada and the US. The debt-ridden property company's first step towards filing for bankruptcy, owing some US$l2 billion to 100 creditor banks, was seen as highlighting problems in the
        904 words
      • Article
        FRANKFURT
        481 18 STRIKE threats, negative corporate news, long-term economic worries and the expiry of options contracts all made for a gloomy Friday on the Frankfurt bourse, pushing share prices down by over one per cent. After drifting lower throughout the session, the 30-share DAX index fell another four points in the
        481 words
      • Article
        PARIS
        232 18 FRENCH shares on Friday recouped their one per cent loss in the morning to end higher as investors swallowed their early misgivings about O&Y's bankruptcy protection filing. The CAC--40 index, which sank as low as 1,995.22 in morning trade on uneasiness about the Canadian property group's woes, closed 6.95
        232 words
      • Article
        MILAN
        224 18 THE bearish trend in Milan continued on the final day of the May trading account on Friday as the MIB share index dropped more than one per cent to close at a fresh low for the year. The MIB share index dropped 10 points to close at 932. Some
        224 words
      • Article
        ZURICH
        284 18 SWISS shares closed about one per cent lower after profit-taking in the industrial sector and some selling in banks because of the O&Y debacle, dealers said on Friday. The all-share SPI index closed 11.8 points lower at 1,195.1 and the SMI index of leading shares shed 23.9 to 1,921.1.
        284 words
      • Article
        BRUSSELS
        131 18 A WEAK start on Wall Street pushed Belgian stocks below the easier levels they had hung onto during most of Friday's moderately active session. News that O&Y filed for bankruptcy protection depressed many share markets and Belgian stocks followed the downtrend. The Bel-20 index fell 0.89 per cent lower
        131 words
      • Article
        JOHANNESBURG
        363 18 RENEWED buying interest after lunch sent leading share prices higher before they eased slightly towards the close of trading on the Johannesburg Stock Exchange on Friday. Volumes were higher than in the past two days and dealers said the strength of the market on a Friday afternoon was an
        363 words
      • Article
        TORONTO
        299 18 OLYMPIA YORK'S filing for protection from creditors created a flurry of talk around the Toronto stock market on Friday, dealers said. But the excitement failed to move the market, which ended flat in slow trade after recovering from an initial drop, they added. "Everybody expected this to happen and
        299 words
      • Article
        INDICES & TURNOVER
        75 18 INDICES TURNOVER NEW YORK Close Pmious May 15 Dow Jones SAP 500 Turnover (million) 3,***** 3,368.88 410.09 413.14 ***** 200.42 -15.79 -3.05 842 LONDON Financial Times 30 FTSE 100 Turnover (million) 2.113.3 2,682.6 467.9 2.120.2 2.694.7 704 9 ■6.9 -12.1 -234.0 FRANKFURT DAX Index 1.724.07 1,742.26 -18 19 AMSTERDAM EOE
        75 words
  • Page 18 Advertisements
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  • CURRENCY, MONEY & FUTURES MARKETS
    • Article
      Lock icon Greenback erases overnight gains to end lower
      427 19 NEW YORK Reuter NEW YORK All the gains the dollar posted overnight following a surprisingly large increase in US money supply were erased on Friday in thin, choppy trade. Even a 0.5 per cent rise in US April industrial production and a 0.3
      Reuter  -  427 words
    • Article
      Asian currencies mixed against dollar
      684 19 ASIAN CURRENCIES ASIA-PACIFIC currencies had a mixed week against the US dollar, with the Japanese yen gaining ground on prospects of lower US interest rates and the Taiwan dollar chalking up a record high. Down were the Malaysian ringgit, whose recent surge weakened marginally on
      684 words
    • Article
      INTERBANK FOREX RATES
      407 19 Cross rates 15 USS SS MS Dm Yen SFr N/S US$ 1.6390 2.5240 1.6210 130.40 0.5510 ***** 1.3210 1.8657 S$ 0.6101 1.5400 0.9890 79.5607 0.3362 0.9079 0.8060 1.1383 MS 0.3962 0.65 0.6422 51.6640 0.2183 0.5895 0.5234 0.7392 Dm 0.6169 1.0111 1.5571 80.44 0.3399 0.9180 0 8149 I
      407 words
    • Article
      MONEY MARKET
      530 19 Interbank rates s$ Bid Offer I Overnight unav unav 1-month 3 3 1/8 2-month 3 1/16 3 3/16 3-month 3 1/8 3 1/4 Overnight mode: 3-1/4 US$ High li)* 7 days 3 13/16 3 3/4 1 month 3 13/16 3 3/4 2 months 3 13/16 3 3/4 3
      530 words
    • Article
      Lock icon O&Y bankruptcy seen to have little impact on C$
      409 19 But jitters expected to hit forex market in weeks to come Reuter J NfcW YORK The Olympia York bankruptcy proceedings should have limited impact on the Canadian dollar. though nervousness could surround not only the Canadian unit but other major currencies
      Reuter  -  409 words
    • Article
      Lock icon Fed panel likely to hold off cutting interest rates
      475 19 Reuter WASHINGTON The Federal Reserve is likely to hold back from cutting interest rates when it meets tomorrow but give itself room to go ahead later should the economy falter, private economists said. They said that the Fed's policy-making Open Market
      Reuter  -  475 words
    • Article
      Lock icon How much will the German government borrow?
      231 19 FT LONDON Germany's public sector finances are again stirring the interest of investors and analysts anxious to know how much the government will borrow from the bond market this year. Theo Waigcl. German Finance Minister, said two weeks ago that federal government borrowing
      FT  -  231 words
    • Article
      PRIME LENDING RATES
      505 19 BANKS ABN Amro Bank NV 6»'« AN7 Banking Ciroup 7 Allied Irish Bank Pit' 7Vi Amcncan Express Bank 7 Arab Banking Corp 7 Arab Bank PLC" b' > BFCE 7 Ban Hin Lee Bcrhad b' 4 Banca Commerciale 7 Banco do Brasil 7 Bangkok Bank b v
      505 words
    • Article
      Lock icon Norway dismisses currency devaluation report
      225 19 Reuter OSLO Norway's Central Bank governor Hermod Skaanland dismissed as meaningless a financial magazine report that Norway ought to devalue the krone. The magazine Kapital on Friday suggested that Norway should devalue the krone between 12 and 15 per cent and said Mr Skaanland should
      Reuter  -  225 words
    • Article
      FINANCIAL FUTURES
      153 19 COMEX May' 5 cold futures (100 o/> uss/oz Open High Low Settle Change \7 av Z Z Z 338.70 +?70 l un 338.90 340.80 338.70 339.10 +.70 j", 339.90 +.70 Au£ 340 20 342.40 340.20 340.60 +.70 Qcf 342 M) 343 00 342.20 342.30 +.70 Dec 34 3
      153 words
  • Page 19 Advertisements
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  • COMMODITIES
    • Article
      Lock icon Once mighty US steel makers making comeback
      433 20 Reuter GARY, Indiana The string of brightly lit computer panels look slightly out of place in the darkened blast furnace at the 83-year-old steel mill here. But they're part of a mul-ti-million-dollar programme by America's biggest steel maker to ensure that it can
      Reuter  -  433 words
    • Article
      Lock icon Conoco sees easing of world energy demand in this decade
      300 20 UPI NEW YORK World energy demand will ease and oil prices will remain steady for the rest of the decade. Conoco Inc said on Friday. "Overall world energy demand (growth) will slow to 1.7 per cent in the *****." said
      UPI  -  300 words
    • Article
      Coffee producers in dire straits as prices plunge
      905 20 REPORTS LONDON Coffee-produc-ing countries, in dire straits as a result of prices falling to their lowest levels since the *****, took some steps last week revealing the urgency of their situation. Costa Rica suspended exports in protest against the price slump. Colombia,
      905 words
  • Article
    PRICES
    1221 20 Rubber HAS (to* in bates) S cents/kg Int I RSS C lose Mav II 141.75 Mav 12 140.50 May 13 140.50 May 14 140.75 May 15 142.50 MRELB (lob in bates) M cents/kg Int I RSS Close May II 218.50 Mav 12 217 00 Mav 13 217.50 Mav 14
    1,221 words
  • Page 20 Advertisements
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  • Article
    AIRCRAFT ARRIVALS AND DEPARTURES
    1174 21 City riglrt ETA FBgfct ETO MMtia SQ228 2050 SQ227 2230 RJ182 1440 RJ183 2340 ftillflliw SQ23 0645 KL838 2240 KL831 0940 <UcU—< NZ25 1655 NZ28 1810 SQ288 2030 BA12 2200 Bandar Sari BI421 1105 SQ182 0915 ■HW SQ18I 1410 B1422 1205 B1429 2030 B1430 2125 Bangkok
    1,174 words
  • THE TRAVEL PAGE
    • Article, Illustration
      Three nights in Fun City
      721 21  -  POSTCARD FROM KUALA LUMPUR By Nirmal Ghosh THE entrance looks like a jail, and it's not because the place bristles with closed-circuit cameras. Once inside, you make your way through a tunnel-like passage, into a scene that would have inspired Douglas Adams in his book,
      721 words
    • Article
      FOREIGN CURRENCY NOTE RATES
      154 21 As at 3pm on May 15: Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar I.233S 1.2510 Canadian dollar 1.3455 1.3730 NZ dollar 0.8645 0.8825 Sterling pound 2.9610 3.0015 US dollar 1.6350 1.6430 Local dollars to 100 wiits of hrtip cmticjf Austrian
      154 words
    • Article
      WORLD TRADE EXHIBITIONS
      68 21 Duration Title Venue Organiser Td Duration Title enue Ottaniser May 31- Corporate Hongkong The University (852)*****11 June 10-13 Import Fair Berlin, AMK Berlin 49-30/*****325 June 5 Financial of Michigan Fax: Berlin "Partners Germany AusstelungsManagement (852)*****46 f or Progress" Messe-Kongress-June 3-9 Beijing Inter- Beijing China Intl 86-1/*****3 ?mjj.
      68 words
  • Page 21 Advertisements
    • Advertisement
      Page 21 Advertisements Column 1
      45 21 It's amazing the lengths Finnair goes to tor 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 «art to Phmtih.
      45 words
    • Advertisement
      Page 21 Advertisements Column 2
      8 21 Innovation and Technology in Business Times on Tuesday
      8 words
    • Advertisement
      Page 21 Advertisements Column 3
      462 21 BUSINESS XJ_J^L_g_JL— Toll -fra* Tel No: 737-0043 Fax No: 734 3608 NOTICE To the holders of the U.S. $200,000,000 Floating Rate Notes Due 1997 of: BANK OF CHINA (Zhongguo Yinhang) 410 Fuchenamennei Dajle Beijing People's Republic of China We hereby certify that the rate of interest payable on the above
      462 words
    • Advertisement
      Page 21 Advertisements Column 4
      357 21 ROYAL PRIESTHOOD SONGS PTE LTD (Hi Voluntary Liquidation) (Members' Voluntary Winding Up) NOTICE IS HEREBY GIVEN THAT pursuant to Section 308 of the Companies Act (Cap SO) that the Final General Meeting of the Members of the abovenamed Company wiH be held at the office of M/s L C Loong
      357 words
  • Page 21 Miscellaneous
    • Miscellaneous
      Page 21 Miscellaneous Column 1
      294 21 1 How full cargo ship left Yemeni port 4 Be one of the players to I I play solo (3,5) gerald describes a brief ro- 1 Artist depicting one ship —mm l Hm ■■■f taken in by its first officer 12 Current safety device on a 13 Georgia upset and
      294 words
    • Miscellaneous
      Page 21 Miscellaneous Column 2
      163 21 Singapore Outlook: Showers over sereral areas in the late morning and early afternoon. ReportMaximum temperature 32.1 Assoc humidity 72% Minimum temperature 24.7 Assoc humidity 96% Hours of sunshine 5.8 Rainfall in mm 6.8 Rainfall this month 52.7 Rainy days this month 9 World report Asia-Pacific Hi/Lo* Cood. Auckland 16/04 Cloudy
      163 words
    • Miscellaneous
      Page 21 Miscellaneous Column 3
      33 21 EfftSEWEiBBBBBI /CUP finest..... siksadonfuls yor SuGRg... SHMCCN) NOT SIRRED J ft i I i (-/>PI k7/ A Rej^mxb&d v° JL_ k r J mctt ckoss ObT7A S A—OrUTW) WWW LTD. IWHW T V
      33 words
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  • Article
    Lock icon Ramos headed for victory as charges of rigging lose steam
    470 22 Philippine election AFP, Reuter MANILA Former defence chief Fidel Ramos yesterday appeared headed for victory in the Philippine presidential election as main rival Miriam Santiago's protests against alleged fraud suddenly lost steam. The ex-general was holding 19.25 per cent of
    AFP,; Reuter  -  470 words
  • Article
    Share allocation policy not likely to stop: proponents
    613 22  -  News analysis: Controversy over MIC share dealings From Leslie Lopez in KUALA LUMPUR A CONTROVERSIAL allocation of shares in Malaysia's state-controlled telecommunications company to concerns linked to the country's main ethnic-Indian party has renewed allegations of political meddling in business. It has
    613 words
  • Article, Illustration
    Up in smoke
    45 22 SARAJEVO The garage of the United Nations mission headquarters burning after being hit by artillery last Saturday. Serbian tanks blasted the centre of the city yesterday as fighting escalated in Bosnia and about 200 UN peacekeepers pulled out of the Bosnian capital.
    45 words
  • Article
    Lock icon Labor Party officials see even chance of early Aussie election
    505 22 Reuter CANBERRA Australia's Labor government, its slide in opinion polls checked by fragments of good economic news, is an even money bet to call an early general election, Labor Party sources say. However, winning will be a tough task, they
    Reuter  -  505 words
  • Article
    Lock icon China to ease controls on foreign currency reserves
    351 22 AP BEIJING The Chinese government plans to relax its controls over the country's foreign currency reserves, now at a record high, an official newspaper has reported. The English-language China Daily yesterday quoted Yin Jicyan, director of the State Administration of Foreign Exchange
    AP  -  351 words
  • Article
    Lock icon Chances of German engineering strike grow as talks go nowhere
    309 22 Reuter KARLSRUHE, Germany Chances of a strike in Germany's engineering industry grew yesterday as Uth-hour talks to reach a pay accord appeared to make no progress. The talks in the south-west German town of Karlsruhe were the last bid to
    Reuter  -  309 words
  • Article
    Small firms expect $25m deals from trip
    319 22  -  By Chuang Peck Ming SINGAPORE Eight small manufacturers from Singapore arc back from a trip to Italy and France, confident of clinching at least six jointventure projects worth $25 million, according to the Economic Development Board (EDB). Follow-up talks have since started with
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  • Page 22 Advertisements
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      Page 22 Advertisements Column 1
      199 22 CHARTPOINT Every Saturday in Business Times PERSONAL INVESTING FINANCE SUPPLEMENT '92 A Special Business Times Survey July 23,1992 Bank deposit rates have plunged to one of their lowest levels. Banks and finance companies in Singapore are paying peanuts for such deposits; In some cases they are not even enough to
      199 words
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      Page 22 Advertisements Column 2
      16 22 CHARTPOINT Every Saturday in Business Times Economic figures bring a little cheer to Germany, Pg 7
      16 words
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  • Shipping Times
    • Article
      India relaxes curbs on shiprepairs abroad
      517 23  -  From Shirish Nadkarni in BOMBAY INDIAN shipping companies are now able to get substantial parts of their shiprepairs and dry docking jobs done abroad, and pay for it promptly in foreign exchange. Until now, the course of payments for such jobs involved a long
      517 words
    • Article, Illustration
      Lock icon French dockers in storm over reforms
      514 23 Strike costs freight handlers one billion francs in lost charges FT PARIS FRENCH dockers are to step up their sevenmonth campaign of strikes against plans, presented to parliament last Wednesday, to scrap their 45-year-old protected status. The reform of the dock labour scheme is
      FT  -  514 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      1166 23 Page Col ABC Containerline 12 1 Accord Group 8 1-3 Ahrenkiel Liner 16 4 Allied-Link 16 4/5 Alpha Feeders 18 3 Anglo Orient 16 1/2 ANL 3 1/2 APL 5 3-5 A cWarehousing 15 5 Arrow Int 9 2 Asian Break-Bulk 16 4
      1,166 words
    • Article
      Ones team up to expand Asia/Mid-East service
      355 23  -  By Juliette Walker SINGAPORE Shipping giants Maersk Line and SeaLand will team up with P&O Containers to expand their existing Asia-Middle East Express service from mid-June. Currently Maersk and Sea-Land deploy four vessels on the route. Under the new arrangement, six containerships will
      355 words
    • Article
      Krupp and Lonrho considers future of joint shipping unit
      272 23 LONDON Steel-to-engi-neering group Krupp and Lonrho of the UK are negotiating the future of Krupp Lonrho, their joint bulk shipping, inland navigation and trading venture. This follows the proposed merger of Krupp with fellow German steel maker Hoesch. Hoesch has substantial
      272 words
    • NEWS SUMMARY
      • Article
        Vietnam Airlines plans to expand network
        31 23 BREAKING out of its isolation, Vietnam Airlines plans to add several new international destinations, and expand its outdated Soviet-supplied fleet with Western aircraft. Page 2
        31 words
      • Article
        EC to use truckers for road control project
        64 23 TRUCKERS are to become the guinea pigs of a European Community project for electronic surveillance of the road that could eventually keep every motorist under the all-see-ing eye of Brussels. The European Commission is cosponsoring a project to place micro-chips in trucks
        64 words
      • Article
        European airlines may lose US$1.3b
        42 23 THE Association of European Airlines estimated on Friday that its members lost almost US$l.3 billion (SS2.I billion) in 1991, and the organisation's chief executive forecast fresh job cuts this year to reduce costs in recession. Back Page
        42 words
      • Article
        Greenland offering oil exploration licences
        48 23 GREENLAND said it would offer 10-year exploration licences for offshore oil areas to international petroleum companies in licensing rounds which started in London last week. Meetings with oil industry representatives in Houston, Texas and Calgary, Canada, are scheduled later this month Back Page
        48 words
    • LOG BOOK
      • Article
        HK-Viet joint venture to upgrade Hanoi airport
        90 24 BANGKOK Vietnam will form a joint venture with a Hongkong firm to upgrade the international airport in the Vietnamese eapital of Hanoi, an official news report said last Friday. The 25-year joint venture with CIC, the Hongkong partner, will upgrade terminals for domestic
        90 words
      • Article
        United gets OK over Pan Am routes
        86 24 CHICAGO United Airlines said last Friday that it had received tentative federal approval for its US$l35 million (***** million) purchase of Pan American's Latin American routes and other assets of the defunct carrier. The US Department of Transportation approval paves the way for
        86 words
      • Article
        Bangladesh detains Thai trawler
        70 24 DHAKA The Bangladesh navy detained a Thai trawler and its 20-man crew last Friday after the vessel was spotted fishing illegally near a southeastern island, news reports said. The trawler, which was later impounded, was caught near Saint Martin's island, reports said quoting naval sources in
        70 words
      • Article
        Genoa commemorates Columbus
        79 24 GENOA, Italy This port city paid tribute to its most famous son last Friday, opening an international exposition celebrating the 500 th anniversary of Christopher Columbus' discovery of America. Boat sirens sounded as Italy's acting president, Giovanni Spadolini, inaugurated the exposition, which uses the theme, "Christopher Columbus:
        79 words
      • Article
        Thea Tyhi towed near Valletta
        67 24 LONDON The Maltese-flagged tanker, Thea Tyhi, which had a fire in its engine room last Wednesday, has been towed 22 km off Malta where it is awaiting further instructions, Lloyd's Shipping Intelligence Service said last Friday. Earlier, Lloyd's reported that the 6,145-dwt vessel was under
        67 words
      • Article
        Plane crashes into swamp
        101 24 GREENVILLE, North Carolina A single-engine plane crashed into a swamp and burned last Friday, killing all six people on board. The plane went down about 250 metres from the end of a runway at Pitt-Greenville Airport after taking off in dense fog, but rescue workers had
        101 words
    • Article, Illustration
      Seeking to fly higher
      843 24  -  Harish Mehta reports on Vietnam Airlines' ambitious masterplan to expand its fleet, and fly to many more foreign capitals Harish Mehta Breaking out of its isolation, Vietnam Airlines plans to add several new international destinations, and expand its outdated Sovietsupplied fleet with Western aircraft. It plans
      843 words
    • Article
      COCKETT BUNKER MARKET REPORT
      789 24 THIS twice weekly report, compiled by Cockctt Marine Oil Ltd, shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown arc based on average-sized stem. Market movements arc indicated. The Cockctt Bunker Price Index changc and
      789 words
    • Article
      THE SHIPPING GUIDE
      9752 32 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 Pcnang after
      9,752 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        539 39 VttMl Voy No Bvtfi Vmi Departire Marina Terminal 1 Caftaya Harap 23 M04 alongside 17 05/2300 Kahmantan 1 14/92 M03 alongside 17 05/2300 Sri Tanning ST2192 M04 ator*side 17.05/1300 Batammdo 1 199S M01 1805/0800 1805/1900 Kabaniahe 19/92 M02 1805/0700 1805/2300 Marina Terminal 2 Ocean Sunns 75 M24
        539 words
      • Article
        CONTAINER SCHEDULE
        1664 39 Tin n 7T; CONTAINERS IN PROGRESS .jjj. fil. Ha. Mm ConUfitn i v*ble a* Kota Buana f*y NO KBN210 S=S± 16.05.92 0715 Tokyo Bridge wwj rm 13 COO(EST) *****2 1500 TambangVH 7-062 16.05 92 0835 Kota Makmur 9208 COO(EST) *****2 2300 KhaM 1 A W C9202E *****2 0905
        1,664 words
    • Article
      TRANSPORT DIARY
      955 40 June 1-2 (2 days): Contract Formation The Materials Management Way, organised by Singapore Institute of Purchasing and Materials Management. For more details, please contact SIPMM Executive Officer at tel: 273-4172 or fax: 274-1132. June 4-5 (2 days): Advanced Inventory Management, organised by Singapore Institute of Purchasing and Materials
      955 words
    • Article
      DAILY FREIGHTS
      728 40 THE DRY cargo freight market searched for direction after a rush of fixtures, but nearby futures firmed, traders said on Thursday. The Baltic Freight Index slipped another point to 1,267. "The index is hovering after its recent run-up," said one. Futures surged after U5523.50 was paid for a
      728 words
    • Article, Illustration
      Lock icon EC road surveillance plan to start with truckers
      577 42 AFP BRUSSELS Truckers arc to become the guinea pigs of a European Community project for electronic surveillance of the road that could eventually keep every motorist under the all-seeing eye of Brussels. The European Commission is co-sponsoring a project to place micro-chips
      AFP  -  577 words
    • Article
      Lock icon European airlines lose US$1.3b, may cut more jobs
      260 42 Reuter BRUSSELS The Association of European Airlines estimated on Friday that its members lost almost US$l.3 billion (SS2.I billion) in 1991, and the organisation's chief executive forecast fresh job cuts this year to reduce costs in recession. The association said in its
      Reuter  -  260 words
    • Article
      Lock icon Greenland to offer offshore oil exploration licences
      276 42 AP COPENHAGEN Greenland said it would offer 10year exploration licences for offshore oil areas to international petroleum companies in licensing rounds which started in London last week. Meetings with oil industry representatives in Houston, Texas and Calgary, Canada, are scheduled later this month.
      AP  -  276 words
    • Article
      Lock icon Electric cars set for five-day race in Tour de Sol
      491 42 UPI ALBANY, New York Gentlemen, activate your controllers. When the green flag drops to start the Tour de Sol at the state Capitol, there will be no roar of power like the one auto racing fans are looking forward to
      UPI  -  491 words
    • Article
      Lock icon US plans to thwart Germany-Japan commercial ventures
      636 42 US plans to thwart GermanyJapan commercial ventures America fears losing competitive advantage in aircraft manufacture NYT TOKYO A nightmare for the US industrial sector would be the joining of hands by Japan and Germany to conquer the world market. However, the nightmare of World War II still leaves the two
      NYT  -  636 words
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      22 23 #Uims iml iirvku nprauM by,/QIKa Mirtiri «f Mm ttHtiy «f kunMm RJWVUIIPM* fmit *^r for aJvcrii\inn enquiries, contact Shipping Times Tel 740-2089/740-2090
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      Page 23 Advertisements Column 2
      139 23 t M i a J -gj sS&sfch fJi M<*Z 1 tas^^i Cochett Report 2 Container Schedule 17 Daly Freights 18 Index 1 Shpptng 10.11 Ships in Port 17 Singapore Tries 17 Transport Diary 18 Weather and Sea Conditions 17 .1 c v -V V i J .-J < v .<
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      87 24 FOR SUCCESSFUL MANAGEMENT OF YOU^^NBS > 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
      87 words
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      Page 25 Advertisements Column 1
      3566 25 H OOCL (S) PTE LTD JARDINE SHIPPING AGENCIES *****11 All fir BOOKINGS TEL: *****34 *****58 gMM TERMINAL/CFS TEL: *****18 220 H DOOOQ H PESAKA JAROINE SHIPPING AGENCIES SON. BHD. L VMf J PORT KELANG TEL *****18 FAX: *****jM/ *****88 PENANG TEL: *****4 FAX: *****1 CFS TEL: *****6 ■TWRHPHMR Dedicated to
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      1407 25 ■□BBssaaaa NEXT SAILING TO MIDDLE EAST OCEAN BLESSING VOY. 119W ETA SIN 21/5/92 Vessel Voy ETA ETD Feeder by DESTINATIONS Work) Lynn/ Aim This week Mam Maersk 9204 CV 19/5 0800 MRS Port HBi CFS 18/5 2359 MRS Kelang Penang OAK LGB HOU MEM ATL MIA CHS BAL PHL NYC
      1,407 words
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      1413 26 R dam/ Mfm VOY NO S PORE JEOOAH S HAMTON H BURG ANT LE HARVE HAMBURG EXPRESS 08/120 22/5 31/5 14/6 10/6 9/6 I. Mi. WSItOIM) HANNOVER EXPRESS 06/320 24/5 10/6 12/6 15/6 16/6 KiT HUM 8 PENAMG KURAMA 16/121 28/5 6/6 20/6 16/6 15/6 CARGO TO UR/COMTMNI I FRANKFURT
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      585 26 SEABPAC SERVICE CONTAINERS U MIAKBOU outer SOUTH PACIFIC SERVICE SIN NOU SUV PPT JANIKA II 3601E8 25 27/5 7/6 10/6 16/6 PALEMBANG 3702E8 25-28/6 10/7 13/7 18/7 Transit Time 1(13) (16) (22) AISO ACCIPIMG CARGO VIA SUVA 10 LAUTOM PAGO PAGO. APIA. NUKUALOFA. P VIA FASTEST SERVICE TO CMLE/PERU SIN
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      Page 26 Advertisements Column 3
      1475 26 USB BBmB REGULAR INDEPENDENT FULL CONTAINER SERVICE WESTBOUND TO EUROPE VSL/VOT SM ALG BCL HAM BRE ROT ART FEL LHA (VIA (VIA (MA ALG) HAM) ROT) JAPAN SEA 212W 24/05 16/06 18/06 20/06 21/06 22/06 23/06 23/06 24/06 CHMA SEA 213W 31/05 22/06 23/06 24/06 25/06 26/06 27/06 28/06 29/06
      1,475 words
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      2101 27 H STRAITS SHIPPING PTE LTD 15 Hoe Chiang Road #09-01 Sanford Building Singapore 0208 Td: *****88 Fax: *****17 ACCEPTS DUE SAIS SPORE BKOK CAS GO MM lON V 005H 16 17 MAY 20 21 MAY K«IS MAMMA VO4C KK. 10. Taw 19 20 May 21 May 21 May kqtA BINT
      2,101 words
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      2691 27 tfckX i SINGAPORE AGENT: ft pfio P&O Containers (Singapore Agencies) Pte Ltd d 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 EXPORT IMPORT VESSEL VOV 'MO 'PKO MN ALG SOU ANT ROT HAM
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      575 28 CR NBR **********0-D EXPRESS SEMI CONTAINERSHIP SERVICES TO EUROPE WL/W STOtt RDAM.AOAM nUK BKMEN MTNOIP ETA/0 KUTM/2VNB 24-27/5 1/7 0/7 J/7 IJ/7 FAST TRANSIT TIME ACCEPTING BREAKBULK/CONTAINERISED CARGO Subject lo InduceiiMnl. Also accepting cargo to Casablanca. Poet Said. Port Alexandria. Genoa, Trieste. ALSO ACCEPTING BOTH CONTAKRS. CONVENTIONAL CARGO VIA T/S
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      Page 28 Advertisements Column 2
      1426 28 HANJIN SHIPPING FD« VSL SM UK HAU. IGB OAR FOR Wl »I IN HAUL SAV LM W»C HANJM BREMEN 00* 16 5 CNRECT 6 10 6 HAMR CIMI M* 72 6 M. KEELUNC OJ7E N/7 31/7 2/1 HMUM fEUXSTONE 01X 24/5 ORECT 14 6 1/6 FBHOIAM) BAY 18/5 M PROPITIOUS
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      Page 28 Advertisements Column 3
      1282 28 gEfiggrggiljlß Im SGP (H Wt UC PUS Ml Ott «T 9U I*o IU CM W «TC IW M KM W IK P9 K I gtwo HMO 19/» 20 5 25/5 27/5 25/5 l/l 2/1 4/1 s<l 5/1 7 I lt'( 1/7 3/7 4/7 15/7 15/ 7 17/7 11/7 21/7 7/1
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      1045 29 JP NEPTUNE AGENCIES PTE LTD SINGAPORE TEL: *****77 (CR NO: **********0E) BOOKINGS (TOLL FREE) NEPTUNELINK TEL *****00 (TOLL-FREE) USA SERVICE *****00 TERMINAL OFFICE *****22 dgggi FAR EAST SERVICE *****00 IMPORT CFS MB2: *****69/*****96 KK UK/EUROPE SERVICE *****00 EXPORT CFS MB2 *****53/*****50 AUST/INDIA/PAK SERVICE *****00 NEPLINE SDN BHD MALAYSIA K.L.-(03) *****33.
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      660 29 YOUR RELIABLE FREIGHT FORWARDER CUSTOMER SERVICE: Ml OTIT FAX: 222 7SM VWWVIM wmmj MAM LINE: 222 0255 AIRFREIGHT: 545 4255 Penang ETD 24/05 Osaka ETD 20/05 Pt Kelang ETD 25/05 Tokyo ETD 24/05 Bangkok ETD 24/05 Kobe ETD 24/05 Jakarta ETD 26/05 Yokohama ETD 25/05 Manila ETD 23/05 Madras ETD
      660 words
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      Page 29 Advertisements Column 3
      1132 29 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD BOOKING: *****51/ *****64/ *****06 (FESCO LINE) ENQUIRIES: *****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 EASTBOUND—DISCHMQNC WESTBOUND-LOAOHG TWANSHWED VIA ROTTERDAM] »am vot law Iml»
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      1266 30 K» "W f AS AGENTS KAWASAKI SINGAPORE (PTE) LTD (CR No: **********0 M) W w TEL *****77 TELEX: KAWAKIRS23I6S FAX: *****07/B^9 I IXJ M MALAYSIA: *K" UNE MARmME (MALAYSIA) SON BHD I L/11l M2J TEL SA *****00 PK *****01/5 PENANG *****0 JB *****1 KAWASAKI KISEN KAISHA, LTD INDONESIA: P.T. SARANA
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      1088 30 PHILI-ORI€NT LIN€S PT€ LTD OfA BY AIR, LAND OR SEA.... WE TAKE ON THE WORLD FOR YOU MEMBER OF SINGAPORE FREIGHT FORWARDERS ASSOC l ATION rajlCL IBRVKC II May NAPIER. CHRISTCHURCH 28 MAY PAPEETA. APIA. ANTONIO central/south utaueutuMßaetus tctse«wcs" 91 MAY MEXICO CITY TAMPICO. VERA CRUZ, PARAMARIBO 23 MAY SANTOS.
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      1982 31 zsssssmJmm pacific international lines (pte) ltd 51 mSSSSm ml mm Hw 140 Cec Street. #03-00 PIL Building. Singapore 0106. Tel: *****33 CR NO: 1008Q*****0E [JAKARTA I fBANGKOK I VESSEL VOY QIM JKT AIM VESSEL VOV SIN SIN BUNQA TERATAI 203 It/5 21/5 28/5 EQUATOR C TAL l*'* EQUATOR HAWK 44N
      1,982 words
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      Page 31 Advertisements Column 2
      716 31 EXPRESS CONTAINER SERVICE TO UK-NORTH CONTINENT-SCANDINAVIA WEEKLY FEEDER VESSEL PENANG PKELANG OCEAN VSL/VOY SIN SOU (1) RTM (2) HAM (3) GOT (4) ANSON/TBN 15/5 16/5 AROSIA 2192 19/5 5/6 7/6 8/6 10/6 ANSON/TBN 2275 23/5 NIHON 2202 26/5 12/6 14/6 15/6 17/6 ANSON'TBN 29/5 30/5 BENARTY 2212 2/6 19/6 21/6
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      287 31 M MYANMA wBBk FIVE STAR LINE (Myanmar National Line) Loading for Yangon (Rangoon) Spore P.KIc Pen P.Gdj HP A AN VI77W 23/28 Miy U/21 Mi, MYOMAYWA VI42W 24/2* May PAGAN VII3W 25/21 Mar HPA AM VI7SW 8/10 Km NIGERIAN NATIONAL SHIPPING LINE NIGERIA EXPRESS SERVICE MAJE V.49 SINGAPORE 26 May
      287 words
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      2122 34 iia's Agents: Intfoaesin's A feats: M Chung Chiat Shippiag $4a Bhd p. T. Gtoial Fi/tr* htdotmsiat Mmitkm I 29 A tilan Komi Hrbr Jllftlt Jt ijnd.illt/14 Oft latin Ipoh. Sentut, ***** K.L 2?,!?,«// IK4 M 442 5091 442 508/ 21-A I o/onff Cavpemng. off Mm Bering*' MM**, M *****06/J6B 8108
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      303 34 SAMIIDERA MNHKSM (S) PTC LTD 15 McCALLUM STREET #14-04 NATWEST CENTRE Singapore 010S T*tox: R*****0 ■MM Tel: ******1-3 Fax: 229 4SM, 227*136 FOR BOOKINGS CALL OMECT LINE TEL: *****41/*****43 SM/JAK SERVICE VESSEL VOY SIN JAK LAWANTI 961 IN PORT 20/05 (WED) DERAJAT 982 20/06 (WED) 22/05 (FBI) MERKUR DELTA 923
      303 words
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      616 35 FAMOUS CONTAINER LINES 10 ANSON RD. #15-21 INTERNATIONAL PLAZA, S'PORE 0207 y HOT LINE *****33 24 LINES LIMASSOL/PIREAUS 24/5 ROTTERDAM 24/5 HAIFA/ ASHDOO/ALEXANDRIA 24/5 HAMBURG/BREMEN 24/5 MARSEILLE/FRANCE 24/5 FELIXSTOWE/UK 24/5 BARCELONA/SPAIN 24/5 LEHAVRE/ANTWERP 24/5 GENOA/ITALY 24/5 GOTHENBURG/SCANDINAVIA 24/5 LOS ANGELES/WC/ffl 24/5 SYDNEY/MELBOURNE 19/5 NEW YORK/EC 24/5 FREMANTLE 19/5 VANCOUVER 24/5
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      840 35 f&t RICHFIELD MARINE AGENCIES (S) PTE LTD §0 TEL: *****33 (12 Unoo) BFAX: *****15/*****03 TELEX: R8 ***** WI3HIP (3 Un—) ir&\ ETMfMR WW UNK Y (National Lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL VESSEL VOV ETA LOADING *OP SPOM6 NET SANE T ?6Wb 05 06 DAHESSALAAM MOMBASA OJIBOUTI ASSAB MASSAWA
      840 words
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      Page 35 Advertisements Column 3
      871 35 JAKARTA BANGKOK 1 <rati ww m wi [ttssti [w mwmwm m»<* )*WU BHUM 01SB 21/05 24/05 VKABHUM*## 05H In ft 10/05 Tha 21/05 mm BHUM 142S 23/05 2t/05 WANT* BHUM 90H Wed 20/05 Sit 23/05 IMU BHUM 02S8 20/QS 31/05 PIT* BHUM 234* Thur 21/05 5m 24/05 SEMARANG/SURABAYA maha bhum*
      871 words
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      1565 36 BLUE star im TO FROM 1/ NEW ZEALAND AND T/S TO FIJI TO AND FROM NEW ZEALAND PORTS SIN NPI Ml IT? sm PREMER 1«S »/5 10/6 VIA Wl 12/8 2»/8 MUIKRA 27S 12/8 24/6 W* NPI 28/8 13/7 AUSI SIM V 0522 21/8 3/7 WA NPI 5/7 22/7 FULLY
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      1145 36 THONG SOON LINES PTE. LTD. Mi 77 ROBINSON ROAD #15-00. SIA BUILDING iINGAPORE 0106 J TEL: *****88 FAX NO: *****11, *****22 C TLX: RS ***** CARRIER, RS ***** JENHOL CABLE: TOSOCO j ftQMVEMTHMaL/eoiirAiweß I nowra— MNVICM SINGAPORE TO WEST MALAYSIA SINGAPORE TO WEST MALAYSIA VESSEL Ivoy |ET* ItST WCSBEL |W
      1,145 words
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      850 37 COMPANIA PERUANA yEb!l de vapores "PERUVIAN STATE LINE" ACCEPTMG BREAKBULK/FCL/SOC CARGOES TO/FROM CALL AO, MATARAM, 10* I OTHER PERUVIAN PORTS* WITH T/S AT KOBE ON CPV THROUGH BILL OF LAOMG. WPV'EVERETT ORIENT LINE" JAPAN/BAY Of BENGAL/JAPAN SERVICE ACCEPTMG BREAKBULK/SOC CARGOES TO/FROM KOBE. YOKOHAMA. NAGOYA, MO*. TOKYO*. MANIA*. DAVAO*. Pen**' Singapore
      850 words
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      509 37 CZ3Z M^3 N.AMERICA/CARRIBEAN SERVICES nn«i [*ot hi human Ivor fcAi hsi to* Intc bri alewbrm lit*" 19/1 aS sawmSm! i*~ ii/I »/4~ n/\ "t/7~ w m UMM6 UJL BLBUB 2£ ILL. JUL ML ILL liZ2_ Ml RAT USE 5/1 IBM PIBAM lltE 7/7 ll»/7 126/7 122/1 124/7 kcaptey carp It:
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      Page 37 Advertisements Column 3
      531 37 T MUITI-MOOE SHIPPIW PTE LTD MIDDLE-EAST/PERSIAN GULF ACCEPTING FCL/LCL DUBAI UAMMAN SHAR)AH. OOIIA MUSCAT. BAHRAIN ABU DHABI BANDAR ABBAS IFOOMI FAR EAST ACCEPTING FCL/LCL F'LNANG P KFIANT, IAKARtA BANGKOK. HUNG KONG TAIWAN lAPAN MANHA KOREA UK/EUROPE ACCEPTING FCL/LCL LONOON FFLIXSIOWF. LEEDS. TK BURY APfRDFFN IE HARVE HAMBURG ROTTERDAM ANTWEP, GOTHENBURG
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      Page 37 Advertisements Column 4
      502 37 MONTHLY DIRECT CONTAINER SERVICE SIN TO ALGERIA ALSO CALLING MARSEILLE/LASPEZIA VSL FREITAL ETA SIN 20 MAY TWICE WEEKLY CONTAINER SERVICE SIN/MADRAS/SIN WITH TRANSHIPMENT TO: ASEAN/AUSTRALIA/FAR EAST/MEDITERRANEAN/EUROPE WEEKLY CONVENTIONAL SERVICE SIN TO CHINA WEEKLY CONVENTIONAL SERVICE MADRAS/COLOMBO/ BOMBAY/KARACHI WEEKLY CONVENTIONAL SERVICE EAST AFRICA/RED SEA/ MEDITERRANEAN CARGO BOO*KG LUCKY TRANSPORT ft FREIGHT
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      Page 37 Advertisements Column 5
      459 37 SM FM EAST 25/5 KEELUNG/KAOHSIUNG 23/5 BANGKOK 23/5 MANILA/CEBU 24/5 JAKARTA/BELAWAN/SURABAYA 25/5 PORT KELANG/PENANG/E. Malaysia 25/5 BUSAN 24/5 TOKYO/YOKO/KOBE/NGO/OSA 25/5 HONG KONG SIN CMNA 25/5 GUANGZHOU/HUANGPU/SHENZHEN FUZHOU/XIAMEN/SHANTOU DALIAN/SHANGHAI/XINGANG TIANJIN/QINGDAO/HAIKOU also accepting LCL cargo SIN ElillOPt/lIK 23/5 LDN/FLX/LVP/SOU 23/5 RDM/HAM/ANT/LE HAVRE/GENOA/OSLO also accepting cargo to Austria/ Hungary/Roumania/Poland/Bulgaria/Czech. SIN USA/CANADA 25/5 LOS
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      811 38 r#T FIL CONTAINER SERVICES PTE LTD MADRAS CALCUnA Vlt ISt/MADRAS VBL SIN/CALCUTTA jH MO sn SM CM SN KIT MM.MU 11 U/05 li 11/05 2« »/05 Mill AMtMU 13 14/05 »M/« 30 31/05 13-14/05 20-22/05 20-20/05 21 22/05 2MI/00 07 00/00 10-17/05 23-25/05 30-31/05 20-27/05 0240/00 1213/00 20-21/05 20-20/05 03-00/00
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      Page 38 Advertisements Column 2
      447 38 EonterniJ CONTERM FREIGHT (F.E.) PTE LTD. GUARANTEED WEEKLY CONSOLIDATION TOUR FIRST CHOICE TO:— AUCKLAND 30 May BANGKOK 26 May FREMANTLE 28 May EUROPE 24 May GOTHENBURG 31 May PENANG 25 May PORT KELANG 25 May JAKARTA 27 May MELBOURNE 27 May SYDNEY 27 May ©*****33 (KATHLEEN/ NICHOLAS/ MARILYN) P.Kelang: 03-*****53
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      Page 38 Advertisements Column 3
      509 38 This Week's Sailings T~ ETD T~ ETD Singapore Singapore Bangkok 24/05/92 23/05/92 BMBManila 24/05/92 (Onforward^ng T Mid r Westi 24/05/92 Colombo 24/05/92 ™Coy«t UflaA) fk Tel: Fax: mm mM Singapore 778 6522 779 2738 JtS&k Ylflr 07-*****8 07-*****3 Alfred Ng fcfagt* ***** JHr Jakarta 021-*****40 021-*****01 Troy Hsu W 7F&4M2TL/A//C
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      Page 38 Advertisements Column 4
      466 38 FCL/LCL SERVICES MANILA ETA VIGOUR SINGAPORE 26N8 16/5 VIGOUR PACIFIC 63N8 23/5 BANGKOK 17/5 24/5 BUSAN 18/5 25/5 HONGKONG 16/5 18/5 USA 18/5 25/5 PT LOUS, DURBAN 18/5 4/6 KEELUNG 18/5 25/5 PT KELANC 18/5 21/5 OSAKA 20/5 27/5 PIRAEUS 17/5 24/5 KOBE 17/5 24/5 lAKARTA 18/5 21/5 DUBAI 22/5
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      9 39 Managers must manage. BT shows you how every Monday.
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      307 39 vOc vQc vO c vO c vO c vOc vQc U VAN OMMEREN CETECO GROUP U > TRANSPORT DIVISION > 0 VOTAINER CONSOLIDATION SERVICES: M THE ONLY CONSOUDATORWtM WORLDWIDE NETWORK J WeeWy FCLACL Sendees V/ > USA j|UROPE FAR EAST > Ballmore: Voialner Consolidation Services Hamburg: Van Ommeren Hamburg GmbH
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  • Page 39 Miscellaneous
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      Page 39 Miscellaneous Column 1
      432 39 TIDES AND WEATHER TODAY'S TIDES (height in metres) HOUR NOO 0100 0200 >300 0400 0500 0(00 1710 0100 *************************5001CM**********M 2000 2101 2200 Z3N JR 31 28 23 1 7 1 1 0 7 0« 03 04 08 14 20 24 25 24 21 16 1.2 10 10 12 16 2.3
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      222 40 ULTIMATE FREIGHT SERVICES <%. MJSTIUUA jSpfe**-!! USA IHM&Hwt ft* >4/ s > NZ art***** EM* iwftMNi*, BmeKOA 'tiiSrfirif' >11 pTi (Htwn si**—, -ss&Xßtt&sss? T,V v > r'r 4 yi. 2: ''/ri' *;j,', jßßp* ftlrtill* i#<iers 11-£ J1 fJp®Wlß ll wWfW%4 r —B*fca* fetttrg, hUe*, ML KORI? Btfw** ZmMb, bin, liiilii
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      Page 40 Advertisements Column 2
      422 40 Find out how sellers are reaching out to buyers in Advertising and Marketing. Every Thursday in Business Times. .&COSCO UKC CONVENTIONAL SERVICE VESSEL PKL PNG P.O. LOAOtNO FOR: A VESSEL 28/05 Rotterdam/Antwerp CHINA CONVENTIONAL SERVICE VESSEL PKL PNO P.O. LOAOtNO FOR: KAIHENG IS/OS 20/05 Huangpu /Guangzhou COSCO FULL CONTAINER SERVICES
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      Page 40 Advertisements Column 3
      396 40 Express Service to C^i^ Far mm information. Competitive rates and reliable serviteX I Call Our Customer Service At Te»:227-4788. /£R> WORLDGATE EXPRESS LINES PTE LTD Asj&\ Tab *****11 Fax: *****73 TaUxi 23*79 WOATI PORT LOUIS 117/5 I I Karachi COLOMBO 17/5 Bombay plilWlP|yiriflraq Karachi rr/s__ l wiaaras bombay 17/5 MADRAS
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      Page 41 Advertisements Column 1
      1237 41 HYUNDAI MERCHANT WMIME CO. ITD. VIA FEEDER PACIFIC SOUTH-WEST SERVICE fHA* PKE* PCD* SW TO US* »0T KAO IBH OAK PAI/HOU CHI SLU NYC 21/04 22/04 24/04 01/05 H HNOVAN* 4* 08/05 25/05 21/05 2S/05 29/05 25/05 31/05 05/05 29/04 01/05 OS/05 H. EXPIORE* 4J£ 15/05 01/06 04/06 04/06 05/06
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      Page 41 Advertisements Column 2
      522 41 FTTJTWBWWffliroiinngWEi STRAITS^APIN^TRAIT^ERVICn SPECIALIST IN RO-RO HEAVY LIFTS I INBOUND VESSELS I *tssii *er v n aac u I Stum SI SID *FT I smmi i) an N/S I SUIROCM M »/S 19/S I TUMK LRUS 22 21 S 22/S I CMWM TRADER 2S 25 S 27/S I EASTIRR Ml 2$
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      Page 41 Advertisements Column 3
      680 41 JEDDAH/UK/CONTINENT 5 PORE CO S lON IfBIM R DAM LEH Ab« Accartiw Carra fm lil 1/® SwUuwplw :Isaß UK dcstiubon, BMlatl mt (MAi uuSnwtJm/2L 2/* «,J RHNrtai lo Antwerp Amsterdam. Olio HMu ?£a£?! nil If J JJ" U/# to MUK AnbulMi. Skint and Ditto RIftAAM V If, 121 |H/S 20/f
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      Page 41 Advertisements Column 4
      124 41 BINTANG MAS SHIPPING PTE. LTD. 39 NEIL ROAD SINGAPORE 0208 TEL: *****88 TLX: R*****5 SINMER FAX: *****64 •cclftj ram or CAMO SfOK HSTMimS NERCUnv MOE li II Mar l»» ■NT AM KM VIX 20 22 May 2i2« k) M*. Ml KMa« MITAM RQJUT *121 2J Mar 2C-27 »*«i *>*•* mcunr
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      Page 42 Advertisements Column 1
      98 42 Every Saturday in Business Times iSpS It could be a controversial deal between two stock I 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
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      Page 42 Advertisements Column 2
      308 42 Every Saturday in Business Times INVITATION TO TEMPER FOB THE The site is approximately 15.8 hectares and is located on the sooth bank oI the Brisbane River, just upstream of the Gateway Bridge in the suburb of CotmsNe, City ot Brisbane. The site is owned by the Port of Brisbane
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