The Business Times, 3 July 1992

Microfilm: NL18220
Total Pages: 48
1 48 The Business Times
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  • Title Section
    Masthead
    16 1 Business Times MITA (P) 35/12/91 Friday, July 3, 1992 THE BUSINESS PAPER FOR S-E ASIA 75*
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  • NEWS SUMMARY
    • Article
      Rabin wins mandate to form new government
      63 1 JERUSALEM Labour Party leader Yitzhak Rabin won a mandate yesterday to form Israel's next government but leftist and right wing parties held out for a better coalition deal. Labour, with 44 seats, is trying to bridge differences with the dovish Meretz bloc with
      63 words
    • Article
      American accepts Yugoslav premiership
      50 1 WASHINGTON Milan Panic, a Yugoslav-born American, said yesterday that he will accept an invitation to become prime minister of a "new Yugoslavia". The 62-year-old chairman of a California-based health-care company was nominated on Wednesday for the premiership of Serbia and Montenegro by Yugoslav President Dobrica Cosic.
      50 words
    • Article
      Weak Aussie recovery
      33 1 AUSTRALIA'S weak recovery will be sustained over the next three years but the cconomy is unlikely to be at full capacity even in 1994, says Wcstpac Banking Corp Page 7
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    • Article
      Pay TV for HK
      23 1 HONGKONG will get paytelevision next year under new rules announced yesterday to liberalise the territory's broadcasting industry Page 2
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    • Article
      Call to put off Afta
      24 1 THAI INDUSTRY has urged the government to postpone the country's commitment to the Asean Free Trade Area Page 2
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    • Article
      Bid to preserve Hanoi
      27 1 TWO AUSTRALIANS are spearheading a major international effort to preserve Hanoi, one of the world's oldest cities, from unplanned urban development Page 7
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    • Article
      Budget approved
      35 1 THE German Finance Minister has won Cabinet approval for an austerity draft budget for next year, imposing widespread spending cuts to finance a continuing transfer of heavy subsidies to eastern Germany Page 8
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    • Article
      Action plan
      26 1 JAPAN and South Korea have agreed on an action plan aimed at narrowing the trade and technology gap between the two countries Page 9
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    • Article
      Rise in contracts
      32 1 STRONG growth on the eastbound trans-Pacific trade has boosted by 23 per cent the number of service contracts clinched by conference carriers plying the route. Shipping Times Page 1
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  • MARKETS SUMMARY
    • Article
      Footsie higher
      35 1 LONDON share prices were higher at midday yesterday. At 1115 GMT, the FTSE 100Share Index was up five points, or 0.2 per cent, at 2498.9. The Dow Jones was not available at press-time
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    • Article
      Reminder from SIA
      30 1 BANK NOMINEES have been reminded by Singapore Airlines that each of them is allowed to send only two proxies to the company's annual general meeting Page 3
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    • Article
      Ong, Fu sell shares
      35 1 HOTEL PROPERTIES Ltd's managing director Ong Beng Seng and his father-in-law, Peter Fu, who wrested control of Malayan Credit Ltd last month, sold 500,000 M Credit shares on Tuesday Page 3
      35 words
    • Article
      Lloyd's cleared
      21 1 LLOYD'S of London, the world's biggest insurance market, was cleared of fraud by an investigating committee yesterday Page 6
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    • Article
      Big Four fight back
      37 1 JAPAN'S Big Four securities firms, fearful of losing business and profits when financial reforms take place next year, are demanding strict controls over the banks that will become their major rivals Page 6
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    • Article, Illustration
      STOCK INDICES
      27 1 Thursday Chaage BT-MGA 720.04 +1.69 Kuala Lumpur closed Tokyo 16,757.63 +432.56 Hongkong 6,073.74 -61.01 Sydney 1,661.7 +14 Wednesday Change NewYoik 3,354.10 +35.58 London 1,917.3 -25
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    • Article
      CURRENCIES
      22 1 Fifh—ge rates US$ s$ 1.6170 100 Yen S$ 1.2978 MS SS 0.6454 Money market rates Overnight 1-1/4 +1-1/8 3-month 2-9/16% -2/16
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    • Article
      COMMODITIES
      31 1 LondM GMd AM fix USS344.65 US$1.10 tafebtr S'porc Sep 140.75«/kg unch M'sia Sep closed*/kg KL Tin Turnover d tonnes Spot MSclose/Vg Crude palm oi Turnover d lots Sep MSd /tonne
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  • Article, Illustration
    Oei Hong Leong takes over 41 Quanzhou state firms
    450 1  -  Unprecedented deal as China Strategic moves into Fujian province By Lee Han Shih SINGAPORE A late-night agreement signed in China on Tuesday has enabled dealmaker Oei Hong Leong, now based in Hongkong, to pull off his biggest deal yet. Through a
    450 words
  • Article, Illustration
    Strong Singaporean presence expected at big American property auction
    422 1  -  By Lee Han Shih SINGAPORE Singaporean interests will be strongly represented at what is billed as the world's biggest property auction to be held in Los Angeles next month. Some 67 properties across the US will be offered, with a total
    422 words
  • Article
    Lock icon Bush backs Tokyo's Security Council bid
    194 1 Knight Ridder WASHINGTON US President George Bash has expressed American support for Japan's bid for a permanent seat on the UN Secarity Council, a high-ranking Japanese Foreign Ministry official said on Wednesday. Mr Bush expressed support for the potential hid when Prime Minister Kiichi
    Knight Ridder  -  194 words
  • Article
    3 little-known S'pore firms get nod to open banks in Cambodia
    330 1  -  By Harish Mehta SINGAPORE Three littleknown Singapore companies with strong trade links with Cambodia have been given approval by the Phnom Penh authorities to set up bank branches or finance companies in Cambodia. The three companies Goodhill Enterprise (S)
    330 words
  • Article
    Sesdaq doubles market cap but most counters retreat
    431 1  -  By William Chia SINGAPORE With eight new counters listed so far this year, Singapore's second board Sesdaq has doubled its total market capitalisation to $1.03 billion as at June 30, against $530.6 million on Dec 31 last year. But aside from the
    431 words
  • Article
    Lock icon Fed trims discount rate, 2 top US banks cut prime
    110 1 Reuter, AP WASHINGTON The US Federal Reserve Board yesterday lowered its discount rate to 3.0 per cent from 3.5 per cent to spur the sluggish economic recovery. The cut came after the government reported that unemployment surged to 7.8 per
    Reuter,; AP  -  110 words
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      121 1 laUM'S |if COMPUTER PRINTER U RIBBON MANUFACTURER Arcraft Schedule 27 Money Charger Rates 27 Weather 27 Commodities 26 Money Market 25 World New 8,9 Company News 3-5 Regional News 7 World Stock Markets 24 Cryptoc Crossword 27 fegon* Stock Markets 23 Edtonai 10 SOI 17-19 Fnancai News 6 Share Information
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      Page 1 Advertisements Column 2
      47 1 US, Japan agree to help boost world recovery, Back Pg What's hot from Penang, besides laksa BESIDES its laksa, Penang is earning a reputation for its chips and disk drives. In Singapore, there is growing concern that the competition is dosing in. Analysis, Pg 11 y 1
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      Page 1 Advertisements Column 3
      97 1 Chesterton INTERNATIONAL International Property Consultants 6 Battery Road #14-02/03 Singapore 0104 Tel: *****22 Further weakness in US economy, Pg 8 Metro versus Tangs, Pg 3 Join us at the top. Enjoy the best Beijing cuisines specially prepared by our master chef. All yours to savour, amidst the grand HB S3
      97 words
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  • PAGE 2 NEWS
    • SINGAPORE ROUNDUP
      • Article
        Telecom in bid for Aussie mobile phone deal
        56 2 SINGAPORE TELECOM International Pte Ltd has submitted a pie-qualification tender for Australia's third mobile phone network licence. The company, a wholly-owned subsidiary of Singapore Telecommunications Pte Ltd, is understood to be competing with Hongkong-based Hutchison Telecom and the Australian-British consortium of Arena
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      • Article
        Caltex raises pump prices
        37 2 CALTEX has raised its pump prices for petrol by 1.8 cents across the board. From today, premium leaded petrol will cost 128.4 cents per litre and premium unleaded petrol 118.4 cents per litre.
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      • Article
        Two more bodies recognise Sisir
        55 2 THE Singapore Institute of Standards and Industrial Research (Sisir) has been recognised by two more key overseas bodies as an approved laboratory for electrical and electronic products. They are the International Electrotechnical Commission, the world's largest standards organisation for the electrical and electronics industry, and
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      • Article
        60 officers leave for Cambodia
        46 2 ANOTHER 60 police officers left yesterday for Cambodia as part of the United Nations Transitional Authority in Cambodia. The officers were seen off by Law and Home Affairs Minister S Jayakumar. Fifteen police officers left for the same mission in March.
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    • Article
      Lock icon Malaysia's trade deficit in first four months down 23.4pc
      340 2 Bernama KUALA LUMPUR Malaysia's trade deficit in the first four months of 1992 dropped by 23.4 per cent to M 52,745.3 million (S$ 1,756 million) from M 53,584.6 million in the previous corresponding period. The Statistics Department, in its April 1992
      Bernama  -  340 words
    • Article, Illustration
      Indonesia thinking of piping Riau gas to S'pore
      329 2  -  By Lilian Ang SINGAPORE Indonesia is exploring the possibility of piping gas reserves from the Riau archipelago to Singapore, in a plan which could supersede a current proposal to sell the Republic gas from the Natunas fields. Dr Zuhal, president director of
      329 words
    • Article
      Hongkangers to get HK$5b pay TV system
      512 2  -  SBC in talks with Wharf and Star TV for proposed service From Catherine Ong in HONGKONG HONGKONG will get pay television next year under new rules announced yesterday to liberalise the territory's broadcasting industry. The proposed service is likely to be provided via
      512 words
    • Article
      Leases in Cambodia will be honoured after polls: minister
      319 2  -  By Harish Mehta SINGAPORE Leases taken out by Singaporeans on land and factories in Cambodia will not be cancelled, whoever wins the elections next year, says the Minister of Commerce of the Hun Sen regime. Nhim Vanda, in Singapore for a
      319 words
    • Article
      Lock icon Bangkok urged to postpone Afta commitments
      295 2 AFP BANGKOK Thai industry, citing "unpreparedness" to compete with other Association of South-east Asian Nations (Asean) members, has urged the government to postpone Thai commitment to the Asean Free Trade Area (Afta). Thai companies are not ready to face direct competition from Asean imports,
      AFP  -  295 words
    • Article
      S'pore and French firms discuss setting up Viet ventures
      364 2  -  By Helen Chang SINGAPORE Several French and Singaporean companies are talking about possible joint ventures to do business in Vietnam, Bernard de Montferrand, the French ambassador to Singapore, said yesterday. Expressing optimism about the talks, the French ambassador said: "We feel
      364 words
    • Article
      Yaohan to open decor, furnishing centre in Jurong
      216 2  -  By Heng Lee Tiam SINGAPORE Hongkongbased Yaohan International will open South-east Asia's biggest decor and furnishing centre this year at the International Merchandise Mart (IMM) in Jurong. IMM managing director Tadao Hara said yesterday the centre would open in October or November.
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      Page 2 Advertisements Column 1
      119 2 After two successive years: We are proud, we are prestigious, because we are— mate in Indonesia MMION*LPIIOOUa.N«nOWAIPWO6.WMIONAtmSTWt is coining back to Singapore WORLD TRADE CENTRE, HALL 6 6-10 AUGUST 1992 Made in Indonesia exhibition is one of the most attended exhibition ever held in Singapore, whidi drawn more than hundred
      119 words
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      Page 2 Advertisements Column 2
      214 2 Four companies submit proposals to build power plants in M'sia, Pg 4 The Certified Diploma in Accounting and Finance (CDAF) is a postgraduate level qualification which aims to provide executives from nonaccounting backgrounds with an insight into accounting and finance. Organisations are managed by executives from varied functional backgrounds. Those
      214 words
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      Page 2 Advertisements Column 3
      7 2 Plan your career in the Every Wednesday
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  • COMPANY NEWS 1
    • Article
      SIA's reminder on proxies angers shareholders
      384 3  -  Letter adds new twist to bonus share saga By Lee Han Shih SINGAPORE The Singapore Airlines bonus share saga has taken on a new twist, following a letter by SIA reminding the bank nominees that each of them is allowed to send only two
      384 words
    • Article
      Austotel's interest charges wipe out profit
      218 3 SINGAPORE Australian pub-hotel chain Austotel, Asia Pacific Breweries Ltd's newest associate company, has an annual trading profit of As 37 million (5545.14 million), but this is currently wiped out by interest charges. APB and its New Zea-land-based partner Brierley Investments Ltd recently acquired a
      218 words
    • Article, Illustration
      Ong Beng Seng, Peter Fu sell 500,000 M Credit shares
      400 3  -  Reports by Sylvia Wong SINGAPORE After wresting control of Malayan Credit Ltd last month, Hotel Properties Ltd's (HPL) managing director Ong Beng Seng and his father-in-law. Peter Fu, sold 500,000 M Credit shares on Tuesday. The shares, held in their
      400 words
    • Article
      CCL borrows $60m for two projects
      249 3 SINGAPORE Cycle Carriage Ltd took on about $60.4 million last month for the construction of two of the group's property projects in Singapore and Malaysia. This comprises a US$25 million (5540.43 million) loan for the construction costs of Wisma Cyclecarri, its commercial complex in
      249 words
    • Article
      Metro and Tangs: a study in contrasts
      793 3  -  THE HOCK LOCK SIEW COLUMN By Lee Han Shih SINGAPORE An interesting divergence is taking place in the ranks of local retailers. Metro, once the biggest shopkeeper along Orchard Road, is shrinking its large-store operations and developing its franchises. CK Tang, for most
      793 words
    • Article
      Guthrie invests US$8m to upgrade Vientiane hotel
      417 3  -  Three other S'pore firms invest USs2m in Laos By Harish Mehta SINGAPORE Guthrie GTS Ltd has invested about US$B million (S$ 12.8 million) through its subsidiaries to renovate a four-star hotel in the Laotian capital of Vientiane. Guthrie has also applied this year
      417 words
    • Article, Illustration
      GP Batteries' profit rises 11pc
      357 3  -  By Joseph Rajendran SINGAPORE Publiclylisted GP Batteries International Ltd has registered an 11.2 per cent increase in net earnings to $13.95 million on a 10.2 per cent increase in turnover to $154.21 million. Releasing its results for the year to March 31, the company said
      357 words
    • COMPANY BRIEFS
      • Article
        Shangri-La gets new director
        68 3 SINGAPORE Keith Tay Ah Kee was appointed a director of Shangri-La Hotel Ltd from July 1. Mr Tay, 48, is the chairman of accounting firm KPMG Peat Marwick. He is also a director at Singapore Telecommunications Pte Ltd, KPMG Peat Marwick Management Consultants Pte Ltd, ICPAS
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      • Article
        Wharf ups stake in Marco Polo
        73 3 SINGAPORE Two wholly-owned subsidiaries of The Wharf (Holdings) Ltd have received a total of 17.22 million one-dollar shares of Marco Polo Developments Ltd after exercising their Marco Polo transferable subscriptions rights. This comprises 8.07 million shares held by Dimbula Ltd and 9.15 million shares
        73 words
      • Article
        New director at Abacus
        41 3 SINGAPORE Sin Hang Boon is no longer on the board of Abacus Travel Systems Pte Ltd, a subsidiary of Singapore Airlines Ltd. He was replaced by Ho Fail Siang of Singapore Telecommunications Pte Ltd on June 23.
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      • Article
        M'sia to start big resort project
        40 3 KUALA LUMPUR Malaysian General Investment Corporation Bhd proposes to begin its joint venture project to build the country's largest tourist resort by the end of this year. The proposed project is located in Pahang.
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    • COMPANY BRIEFS
      • Article
        SHK Properties seeking to sell 100m new shares
        67 4 HONGKONG Traders in Hongkong said Sun Hung Kai Properties is seeking to sell 100 million new shares through a private placement at HK533.25 (556.95) a share. Officials at the company could not immediately be reached to confirm the reports. The placement is
        67 words
      • Article
        Daewoo wins M'sian order
        59 4 SEOUL South Korea's Daewoo Corp has received an order worth US$2BO million (*****.8 million) to construct two buildings for Plaza Rakyat Co of Malaysia. The 44-sto-rey twin buildings would be located in Kuala Lumpur and would house bus and monorail terminals, offices, shops and department stores.
        59 words
      • Article
        Fewer Japanese acquisitions
        81 4 TOKYO The number of mergers and acquisitions by Japanese companies fell in the first six months of 1992, while the number of foreign companies that acquired stakes in Japanese companies grew, according to Daiwa Securities Co. In a report released June 30, Daiwa blamed Japan's stagnant economy
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      • Article
        Aussie plan on disclosures
        52 4 CANBERRA The Australian government plans to introduce continuous disclosure of corporate finances in response to entrepreneurial failures of the 1980s, Attorney-General Michael Duffy said yesterday. "Continuous disclosure" would require listed companies to report any matter that has a significant affect on their finances to the Australian
        52 words
      • Article
        Peregrine in S Korean venture
        72 4 SEOUL An emerging Hongkong-South Korea joint venture securities firm will receive a green light from the government to open business here, an official said yesterday. Dong Bang-Peregrine Investment Holdings Ltd will become the first joint venture securities firm to be set up here, the official
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      • Article
        Nickel refiner prepares for listing
        72 4 SYDNEY A AS3SO million (Ss42o million) float of a 72 per cent stake in Queensland's Yabulu nickel refinery is being considered by its owners, the Queensland government and a banking syndicate. In a joint statement, it was announced that 72 per cent of the refinery's
        72 words
    • Article
      Lock icon Hutchison to bid for Aussie mobile phone licence
      376 4 Group aiming for As4oom worth of exports over next 10 years AFP, Reuter CANBERRA Hongkong's Hutchison Whampoa Ltd yesterday announced that it will bid for the third mobile telephone licence to start in Australia next year, pitting itself against Britain's Vodafone Group
      AFP,; Reuter  -  376 words
    • Article, Illustration
      Four companies submit proposals to build power plants in M'sia
      327 4  -  By Lilian Ang SINGAPORE Four jointventure companies are cashing in on the Malaysian government's plan to open up the energy-generation sector by submitting proposals for the construction of new power plants. Tenaga Nasional Bhd's (TNB) acting managing director Ariffin Rahman
      327 words
    • Article
      Lock icon Shell and Indian group to proceed with £1b petrochemical project
      437 4 AFP, FT. NEW DELHI Shell, the Anglo-Dutch oil group, and Arvind Mafatlal, the Indian chemicals and textile group, have decided to go ahead with a £1 billion (553.09 billion) petrochemical project that potentially marks the largest foreign investment in India.
      AFP,; FT.  -  437 words
    • Article
      Lock icon NEC may lose US$159m Thai optic fibre project
      434 4 Reuter BANGKOK Thailand's Juridical Council has decided to nullify a decision by the state-run Communications Authority of Thailand (CAT) to award NEC Corp the Thai section of a US$l59 million (***** million) regional submarine optic fibre project. Transport and Communications Minister Nukul
      Reuter  -  434 words
    • Article
      Lock icon Probe into alleged Telekom share scam on: Mahathir
      333 4 AFP KUALA LUMPUR Prime Minister Mahathir Mohamad yesterday promised furt&Vr probes into a minister's alleged misappropriation of shares in Malaysia's second largest listed firm despite an explanation by the minister to cabinet. Dr Mahathir said the An-ti-Corruption Agency would continue its investigations
      AFP  -  333 words
    • Article, Illustration
      Lock icon BHP's plans for Foster's set back by legal action
      502 4 National Mutual files claim of unlawful action Reuter SYDNEY Plans by Australia's biggest company, The Broken Hill Pty Co Ltd, to protect an Asl billion (Ss7so million) investment in Foster's Brewing Group's major shareholder were frustrated by legal action yesterday. National
      Reuter  -  502 words
    • Article
      Lock icon HK panel censures four former Paladin directors
      228 4 Bloomberg, IHT HONGKONG Hongkong's Committee on Takeovers and Mergers has publicly censured four former directors of investment company Paladin Ltd for breaching the territory's regulations governing mergers and acquisitions. The committee has cited Paladin's former chairman Peter Francis, former managing director Anthony van
      Bloomberg,; IHT  -  228 words
    • Article, Illustration
      Lock icon O&Y expects its US buildings to be cash poor
      531 5 Of 33 listed, 18 are likely to post negative cash flow next year Reuter TORONTO Olympia York Developments Ltd expects its United States properties, the last arm of the real estate empire free of the courts, to post a negative cash
      Reuter  -  531 words
    • Article
      Lock icon Investors spurn The Telegraph's £84m share offer
      457 5 FT LONDON The £84.5 million (*****.1 million) share issue by The Telegraph, Mr Conrad Black's UK newspaper group, has been spurned by investors, raising doubts about a number of other forthcoming issues. When the public offer closed at 10am on Wednesday, applications for
      FT  -  457 words
    • Article
      Lock icon SGS-Thomson in the black in second quarter, sees profit for '92
      300 5 Reuter AGRATE BRIANZA, Italy Franco-Italian semiconductor maker SGS-Thomson Microelectronics BV made a net profit in the second quarter and could have a profit for the full year, a company spokesman has said. In 1991 SGS-Thomson's net loss deepened to
      Reuter  -  300 words
    • COMPANY BRIEFS
      • Article
        IBM and Toshiba in flash memory tie-op
        79 5 TOKYO International Business Machines Corp and Toshiba Corp have announced an agreement to collaborate on rUcign of flash memory products. They will work together to commercialise so-called solid state files (SSFs), lightweight, low-power flash memory devices that incorporate flash chips and perform the
        79 words
      • Article
        AMD sees lower profits
        73 5 SUNNYVALE, California Advanced Micro Devices Inc, citing "severe" price discounting in the market for 386 microprocessors, said it expects second-quarter revenue to fall 15 per cent below the record first quarter. While the semiconductor manufacturer will remain solidly profitable, revenue will decline from the record U*****.4
        73 words
      • Article
        Mitsubishi sues Wang
        66 5 BOSTON Mitsubishi Electronics America Inc has sued Wang Laboratories Inc in an effort to refute claims that Mitsubishi violated patents for computer memory components. In the lawsuit, filed on Monday in Los Angeles federal court, Mitsubishi sought to declare invalid Wang's claim for the sole rights to
        66 words
      • Article
        Zenith leaves PC consortium
        45 5 NEW YORK Zenith Data Systems was expected to announce yesterday that it intends to withdraw from the Advanced Computing Environment, a faltering industry consortium formed last year to create a new generation of desktop computers, a Zenith official said on Wednesday.
        45 words
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      53 3 INTHEHHMMOffPAitI— S'pore blue chips hammered 17 Nikkei climbs 22 Ermenegildo Zegna s > The Lightweight In The a trousers Performance Vf i j^Li High I ensemble Vy; f vH V wmW ■MH 4 .jJI f/** Cm fßi. |jv .J w h■" f, I^^H Ermenegildo Zegna Wisma Atria. #02-21 to 23.
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
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      Page 4 Advertisements Column 2
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  • Page 5 Advertisements
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      251 5 EXCLUSIVE APARTMENTS FOR SALE FREEHOLD TITLE NO RESTRICTION ON FOREIGN OWNERSHIP Resort living with a difference... think of the French Wviera, a stylish ocean-side country dub, 'Limitedmembership'- only 87apartments, all oriented towards the sea! And such luxury inside... PERFECT LOCATION -IN MEYER ROAD. OFF EAST COAST PARKWAY. OMLY 8 MINUTES
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  • FINANCIAL NEWS
    • SMALL CHANGE
      • Article
        BIS rules may foster credit crunch in Japan
        77 6 TOKYO Japanese banks may be forced to trim loans to achieve the Bank for International Settlements' (BIS) capital adequacy rules by end-March 1993 if the key Nikkei Stock Average stays below 18,000, the Sumitomo Life Research Institute said. It also said that
        77 words
      • Article
        Moves to open insurance mart
        51 6 SEOUL The government on Wednesday announced a set of measures to open its tightly closed insurance market to foreign companies, officials said. The Ministry of Finance said the measures came in response to complaints from foreign insurance firms that tight government regulations undermine their business
        51 words
      • Article
        Liquidity hinges on foreign capital
        41 6 BANGKOK Liquidity in Thailand's banking system during July will rely on foreign capital inflows, Bangkok Bank estimated yesterday. Bangkok Bank, Thailand's biggest commercial bank, also expected credit demand to weaken in July due to seasonal factors.
        41 words
      • Article
        HK bank to open in Guangzhou
        43 6 HONGKONG Bank of East Asia Ltd has been granted approval to set up branches in the south China city of Guangzhou and the special economic zone of Zhuhai, a local newspaper quoted chairman David Li as saying.
        43 words
    • Article, Illustration
      Lloyd's cleared of fraud but report calls for changes
      504 6 Investigators recommend splitting regulatory and administrative functions Reuter LONDON Lloyd s of London, the world's biggest insurance market, was cleared of fraud by an investigating committee yesterday but another committee urged separating its regulatory and administrative functions. A committee headed by
      Reuter  -  504 words
    • Article
      Reforms pit Big Four against Japanese banks
      538 6 Reuter TOKYO Japan's Big Four securities firms, fearful of losing business and profits when sweeping financial reforms take place next year, are demanding strict controls over the banks that will become their major rivals. Their main demand is that the Ministry of Finance
      Reuter  -  538 words
    • Article
      Saudi bank's top official indicted in BCCI case
      340 6 Reuter NEW YORK The chief operating officer of Saudi Arabia's biggest bank was charged with defrauding US$3OO million (Ss4B6 million) from depositors and customers in the Bank of Credit and Commerce International (BCCI) scandal, officials said on Wednesday. Sheikh Khalid bin Mahfouz
      Reuter  -  340 words
    • Article
      Bid for Countrywide set to fall through
      510 6 Bank of Scotland must raise offer or risk rejection, say brokers Reuter AUCKLAND Bank of Scotland's takeover ofTer for New Zealand's Countrywide Banking Corp seems set to fail unless it raises its price, say sharebrokers and institutional shareholders. Bank of Scotland said in
      Reuter  -  510 words
    • Article
      Private Mexican banks full of optimism
      477 6 Reuter MEXICO CITY No fireworks are planned for today when the last Mexican bank hits the auction block, but that doesn't mean there won't be celebrating. Mexico's new bankers are riding high these days. Although analysts foresee some shakeups and consolidation down the road,
      Reuter  -  477 words
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      960 6 GPjl GP BATTERIES INTERNATIONAL LIMITED (Incorporated in the Republic of Singapore) ANNOUNCEMENT OF AUDITED RESULTS DIVIDEND FOR THE YEAR ENDED 31 MARCH 1992 The Board of Directors of GP Batteries International Limited is pleased to announce the audited results of the Group and the Company for the year ended 31
      960 words
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  • THE REGION
    • Article
      Australians head global bid to restore Hanoi
      646 7  -  Viet government to formalise conservation agreement From Florence Chong in SYDNEY TWO AUSTRALIANS are spearheading a major international effort to preserve Hanoi, one of the world's oldest cities. Leigh Scott-Kemmis and Peter Wallman are rallying support from several countries to save the Vietnamese
      646 words
    • Article
      Vietnam reports mixed economic progress
      178 7 AFP HANOI Agriculture boomed, industrial production recovered and inflation slowed in the first half of the year, but Vietnam still faces pressing economic problems, according to an official report published yesterday. The spring harvest produced some 8.8 million tonnes of rice, up 29 per cent
      AFP  -  178 words
    • Article, Illustration
      Land reform a test of Ramos' pledge to fight poverty
      467 7 Reuter MANILA Newly-inaugu-rated President Fidel Ramos' vow to lift the yoke of poverty from millions of Filipinos will be put to the test by his predecessor's ambitious land redistribution programme, analysts say. Billed as a weapon to fight a 23-year
      Reuter  -  467 words
    • Article
      Aussie recovery to stay weak for next three years: bank
      354 7 Reuter SYDNEY Australia's weak recovery will be sustained over the next three years but the economy is unlikely to be at full capacity even in 1994, says Westpac Banking Corp Ltd in its latest Market Insights publication. "The recovery in
      Reuter  -  354 words
    • NOTE BOOK
      • Article
        More commitment to Afta urged
        70 7 JAKARTA The Indonesian Chamber of Commerce and Industry (Kadin) has criticised the Asean Chamber of Commerce and Industry (CCI) for lack of sincerity and openness in preparations for establishing the Asean Free Trade Area (Afta), says a Jakarta Post report. Soedradjat DP, chief of international
        70 words
      • Article
        Jakarta moots rice barter plan
        35 7 JAKARTA Indonesia is prepared to barter rice with neighbouring countries following an increase in its rice output this year, says the head of the National Logistic Agency (Bulog), Bustanil Arifin.
        35 words
      • Article
        NZ lowers GDP forecast
        52 7 WELLINGTON The Treasury has lowered its estimate for gross domestic product growth by half a percentage point because of a power crisis currently gripping the country. A drought in the South Island has lowered lakes which feed hydro dams that provide 75 per cent of the
        52 words
      • Article
        Philippine inflation stable
        35 7 MANILA The Philippine inflation rate was at 9.2 per cent at an annual basis in June, unchanged from the previous month's level, the official National Statistics Office said in a statement yesterday.
        35 words
      • Article
        NZ unveils cautious Budget
        69 7 WELLINGTON New Zealand's conservative government announced a "steady as she goes" Budget yesterday, aimed at protecting a fragile economic recovery a year after a radical shift to the right. Finance Minister Ruth Richardson's cautious Budget, which she said was an "unbeatable platform" for recovery, failed to
        69 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      212 7 Fly Emirates. Europe ■BB^i Subcontinent '^^^»SS<M^6li'ii Far PARIS, PARIS, TOUJOURS PARIS! delighted to announce our latest route to more space to stretch out and relax. the city which personifies such elegance. During your flight, you'll find we are Where else but Paris? And from today the only airline to provide
      212 words
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  • THE WORLD 1
    • WORLD WATCH
      • Article
        Don't expand EC too quickly: Carrington
        91 8 BRUSSELS Britain's Lord Carrington has spoken out against rapid expansion of the European Community, saying this could wreck the very institution on which Europe's future depends. A former Nato secretary general and now chairman of the EC-sponsored Yugoslav peace conference, he said in a
        91 words
      • Article
        Warning over Japanese surplus
        79 8 TOKYO The huge and growing trade surplus Japan runs with Europe is a time bomb Tokyo must defuse, the European Community ambassador said yesterday. The surplus swelled from US$lB.4 billion (SS3O billion) in 1990 to US$2B billion last year and this year could exceed US$3O billion,
        79 words
      • Article
        Bush gives assurance to Mexico
        71 8 MEXICO CITY US President George Bush has promised Mexico that his administration will not kidnap any more alleged Mexican criminals to stand trial in US courts, Mexican Foreign Minister Fernando Solana said on Wednesday. The US Supreme Court upheld on June 15 the kidnapping of
        71 words
      • Article
        China gets US$50m ADB loan
        54 8 MANILA The Asian Development Bank has approved a US$5O million (SsBl million) loan to construct a 75-km four-lane toll highway in China. The highway, in the northeastern province of Liaoning, would link the provincial capital of Shenyang with Benxi and Nanfen cities in the south,
        54 words
      • Article
        Seoul labour disputes down 22pc
        91 8 SEOUL South Korean workers are becoming less militant and more ready to negotiate rather than down tools, according to government figures released yesterday. The number of labour disputes in the first half of the year fell 21.9 per cent from the same period last year,
        91 words
    • Article, Illustration
      UK may miss target date for ratifying Maastricht Treaty
      560 8 Major gives warning as Britain takes over EC presidency FT LONDON Britain launched its six-month presidency of the European Community on Wednesday with a show of unity and cooperation between Prime Minister John Major and European Commission president Jacques Delors. But
      FT  -  560 words
    • Article
      Latest figures underline fragility of Canadian recovery
      461 8 Reuter OTTAWA Canada's gross domestic product grew by a tiny 0.1 per cent in April, while building permits fell 14.6 per cent that month, as analysts said the country's weak, barely-noticeable recovery could easily falter. 'There are no signs out there that we
      Reuter  -  461 words
    • Article
      New data point to further weakness in US economy
      511 8 Fears of triple-dip recession persist as Fed debates next move Reuter WASHINGTON New figures released on Wednesday signalled more weakness in the US economy as the Federal Reserve debated what action to take next. Reports on manufacturing and construction spending failed
      Reuter  -  511 words
    • Article
      US, Mexico reach pact on financial services
      269 8 Reuter WASHINGTON Overcoming a major hurdle, the United States and Mexico have reached terms on trading in financial services as part of the free trade pact they are negotiating, a senior US official said on Wednesday. "There is a breakthrough," the official said.
      Reuter  -  269 words
    • Article, Illustration
      Bonn Cabinet approves austerity draft budget
      391 8 FT BONN Theo Waigel, the German Finance Minister, has won Cabinet approval for an austerity draft budget for 1993, imposing widespread spending cuts to finance a continuing transfer of heavy subsidies to eastern Germany. He presented the deal as "a political signal" for next
      FT  -  391 words
    • Article
      East Germany's woes exaggerated, says central banker
      317 8 Reuter FRANKFURT The economic prowess of communist East Germany may have been exaggerated, but so too are the problems plaguing east Germany today, Bundesbank board member Johann Wilhelm Gaddum said in an interview on Wednesday. He said: "Two years ago there was perhaps
      Reuter  -  317 words
    • Article
      Japan, S Korea to narrow trade and technology gap
      406 9 AFP TOKYO Japan and South Korea have agreed to implement a wide range of measures aimed at narrowing the trade and technology gap between the two countries, the foreign ministry said on Wednesday. The so-called action plan covers seven areas technology
      AFP  -  406 words
    • Article
      Asian, European steelmakers accuse US of harassment
      238 9 AP WASHINGTON European, Japanese and South Korean steelmakers on Wednesday branded a rash of new US anti-dumping cases against them as harassment on the part of the American steel industry Associations of Japanese and Korean steel companies said in similar statements that the
      AP  -  238 words
    • Article
      Ukrainian Economics Minister threatens to quit
      284 9 Reuter MOSCOW Russia has announced economic reforms to speed up progress towards a market economy but the process of transforming the old Soviet communist system appeared to stall in neighbouring Ukraine. Russia's twin decisions to make the rouble currency easier to trade and to
      Reuter  -  284 words
    • Article, Illustration
      Yeltsin gives the order to speed up privatisation programme
      558 9 He wants most govt firms to be private companies by November AP MOSCOW Russian President Boris Yeltsin has ordered his government to speed up its privatisation programme and turn most state-owned enterprises into companies with freely traded stock by November. Mr
      AP  -  558 words
    • Article
      US firms to lobby Russia on reforms
      435 9 Reuter WASHINGTON Major US corporations, with the encouragement of Russian leaders, on Wednesday launched a new organisation that plans to lobby the Moscow government for economic reform laws that promote foreign investment. The group, called the Foreign Investment in Russia Advisory Council, held
      Reuter  -  435 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      49 8 Newsweek THE INTERNATIONAL NEWS MAGAZINE JULY 6, 1992 ISSUE Hot Competition Wr Mjfc Vi a J Get your current ■kcopy of Newsweek at your favourite newsstand TODAY. FOR NEWSSTAND PLEASE CONTACT: SINGAPORE BOOK DISTRIBUTORS (PTE) LTD, TEL: *****09. FOR SUBSCRIPTION PLEASE CONTACT: WORLD PUBLICATIONS DISTRIBUTORS PTE LTD, TEL: *****88.
      49 words
    • Advertisement
      Page 8 Advertisements Column 2
      102 8 Profasional Nominee, Full Accounting and Administration iervioes available at reasonable coat. Ready made Companies available U.S S BAHAMAS 900 8.V.1 950 COOK ISLANDS 1600 DELAWARE 295 GIBRALTAR 500 HONG KONG 350 IRELAND 400 ISLE OF MAN 450 JERSEY 900 LIBERIA 1050 MADEIRA 3750 PANAMA 800 UX LTD 240 WESTERN SAMOA
      102 words
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  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      334 9 ——I THE WINNING EDGE IN-DEPTH P®§|' BUSINESS jßggf X TTj X Jk J U For over two decades Singapore Business has covered I FT YY /j the local and regional business scene with more depth and breadth from a perspective which is more relevant to local businessmen than any other
      334 words
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      Page 9 Advertisements Column 2
      296 9 To become a managing director, you have to start talking like one. In todays fiercely So you'll never be at a competitive corporate I° ss t° r words, or tresh topics world, the conversation. But whether conversation makes often the or global, we important as the look at them your
      296 words
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  • Article
    China's transformations
    445 10 EDITORIAL WITH the world at the crossroads of historic change, China's Communist Party turned 71 this week in remarkable fashion spearheading an economic reform programme that challenges the very heart of its socialist foundations. The party marked its anniversary by vowing to concentrate on a new revolutionary task:
    445 words
  • WHAT THE OTHERS SAY
    • Article
      Being good Singaporeans
      239 10 IT WAS LESS what he said and more how and where he said it that was significant. Speaking in Mandarin at a seminar on promoting Chinese culture. Brigadier-General (Res) George Yeo recognised that it was important to do this in Singapore, but not with an arrogance that
      239 words
    • Article
      Time to heal the nation
      121 10 NOW IS THE TIME for President Burhanuddin Rabbani to save the situation tensing up to a breaking point in his homeland. Afghanistan. Political stability is most crucial for Afghanistan, lest it become another Lebanon. The fratricidal violence must stop. It will depend not only on
      121 words
    • Article
      Nip conflict in the bud
      155 10 THE Indonesian-sponsored workshop on managing potential conflicts in the South China Sea is being held for the third time, attended by representatives from 10 countries in the Asia-Pacific region. China. Malaysia, the Philippines. Brunei, Vietnam, and Taiwan who all claim ownership of the Spratlys are
      155 words
  • REGIONAL VIEWPOINTS
    • Article
      Repeal this dark law
      151 10 ON HINDSIGHT, it was most unfortunate that 16 years after it was enacted, the law providing sweeping powers to the Supreme Commanders in quelling civilian unrest has eluded parliamentary scrutiny all along and remained intact. The logic and reason for a speedy abolition of this law
      151 words
    • Article
      Tough times in Algeria
      209 10 THE LATEST to join the list of victims of the political executioner is Mohammed Boudiaf, president of the Algerian Supreme State Council. Among other things, he was pushing for the establishment of a new national assembly from which the fundamentalists and the National Liberation Front elements
      209 words
    • Article
      A cleaner election possible
      154 10 MANY PESSIMISTS dismiss as wishful thinking the Anand administration's policy of curbing votebuying and other electoral fraud. They say most of the same old faces will likely be able to cheat and buy their way into the House regardless of who is monitoring the campaign or
      154 words
  • Article, Illustration
    Changing the face of Japan's ODA
    855 10 In an editorial, Asahi Shimbun says an independent foreign policy stance is vital if Tokyo is to genuinely follow its foreign aid guidelines Asahi Shimbun WHILE possibly popular, the wealthy profligate son who throws around money and objects according to the dictates of his
    Asahi Shimbun  -  855 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      134 10 REACH OUT ACROSS THE NATION WITH OUR 27th NATIONAL DW FEATURES PUBLISHED EXCLUSIVELY BY SPH'S GROUP OF NEWSPAPERS iof newspapers"- The Sunday Times, Lianhe Zaobao, Lianhe Wanbao, Shin iMin FEATURES. We would like to invite you ;|L to advertise in these features; and reinforce your corporate or product image on
      134 words
  • Page 10 Miscellaneous
    • Miscellaneous
      Page 10 Miscellaneous Column 1
      63 10 DOONESBURY by garry trupeau USATOOftf: I Th* Debate/ Is USA Today a newspaper? 1 c£3mSlt*AmbCjOKP i lutMiioonm tiACxmrt* wmwim eeereoowseuer I f 58 II m atnwtNM* *»*o «»««—> "V"sA /Pja, J m h o«u SO».»*«N at !i ihc P*»a CMkuttf Of rwirat M I rm m* TK 1 L—«*« M
      63 words
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  • ANALYSIS
    • Article, Illustration
      Chip race
      1165 11  -  Penang is making strides in its electronics industry and, in some areas, appears to be catching up with Singapore. Where is it heading and in which areas is Singapore still ahead? Claire Leow visited Penang recently to find out Claire Leow SINGAPORE and Malaysia are neck and neck
      1,165 words
    • Article, Illustration
      A pioneer speaks
      538 11 Conner's MD in Penang relates the way it was in the tough early days and how things soon got better Recounting Conner Peripheral's early days in Penang, vice-president and managing director Patrick Yeo grins. "Despite the infrastructure in semiconductors here, making drives was for them a cultural
      538 words
    • Article, Illustration
      Hot on Singapore's heels
      1130 11 Much has been said about the rise of Penang as a manufacturing haven, as Singapore becomes more and more expensive. Is there cause for concern in Singapore? PENANG's rise as a manufacturing force to be reckoned with has closely followed the Singapore model. Both have a
      1,130 words
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  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      871 12 M Nothing Beats A Bud. where to wine, dine tea-time DELIGHTS^ Spend a leisurely weekend afternoon with hoi favourites like l-"rie<i (lik ken. I*rawn Fritter. Laksa. Soon Kway. Itojak <>r rool winners like mousse and jellies, tartiets and |*asinrs and irt-su in ins Cafe Plaza Atllill 510..KH4 chlki SH.tK>+ Wlfcl
      871 words
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      Page 12 Advertisements Column 2
      243 12 k WjeaHw En Guete It's time you savour the diverse culinary \p s^\' delights of Switzerland. And h Jf here's your chance when Top M**}\ of the M brings you the finest in Swiss I 1 i'MW B 1 mr-' I iftoiviM ■■■■■■■■■IMHIHI I 1 \m H9|linMUlnii|MUflyikiSfl K| l#t(l ((00
      243 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      545 12 TELEVISION AND RADIO 1 hree wise men «sssur. **1 B 12.00 SluSta- Valley of the and the B«an, 10.45pm. SSsI ®F VVflf B SP. 7 PW: Sg&XT bounty hunters with disparate W 4 435 Wake, Rattle aad *e« (Car- 10.00 Dari Dapar ha Dapar. 1 JJ S V!t, RADIO HIGHLIGHTS
      545 words
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  • LIFESTYLE
    • Article, Illustration
      Passionate Lisa
      761 13  -  UK pop sensation Lisa Stansfield raised temperatures at her performance in Singapore recently. Dawn Tan was among the audience Dawn Tan WHEN Lisa Stansfield became a pop sensation nearly three years ago, the music world held its breath. Was it possible that the United Kingdom had finally given
      Picture by Arthur Lee  -  761 words
    • Article, Illustration
      Eau the sweet smell of Cologne
      742 13  -  4711 is marking its bicentennial year. Steve James has the details Steve James Reuter IN THIS city, success really docs have a sweet smell. It's called eau de Cologne. Ever since perfumer Wilhelm Muelhens received the formula for a "miracle water" or aqua mirabilis
      Reuter  -  742 words
    • Article, Illustration
      Iron Lady fails to make dent in music charts
      592 13 FORMER British premier Maifaret Thatcher's assault on the music charts is getting off to a slow start. Sales of a recording by Lady Thatcher, as she now is, of Abraham Lincoln's speeches on democracy and freedom released this week have not
      592 words
    • Article
      Exercise can cut risk of diabetes
      257 13 AP PEOPLE who exercise vigorously several times a week can reduce by up to 42 per cent their chances of getting the most common form of diabetes, a new study of more than 21,000 people indicates. Overweight people benefit the most, even if they
      AP  -  257 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      248 13 AND ENTERTAIN Jji^ In the month of July, a fashion extravaganza awaits you at the Fountain Lounge: July 4 No Show Boutique July 11 Chit Chat Boutique July 18 Feline Collection July 25 Pena House Enjoy a leisurely Saturday afternoon tucking into delicate French pastries, dianxin and sandwiches... and a
      248 words
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      Page 13 Advertisements Column 2
      53 13 M^^^^^rnpJimanMraßMMMCalnpaaMnnMHramadmrcai^^^l Lota* S*ri wftnli tot Red M wlSoya Bwi Crant H Shaft Hr nSM CMot Smmsi ihpute wPsdfic Cfcn P«rk Wb a taMpffc Pit Tan bad mate OMp fmt Crapy ChdM Watt Mta w«h S^> i =1 MAPLE LEAP Sze-Chuan Restaurant 380 Victoria Street #01-01/06 Golden Landmark Shopping Centra Singapora
      53 words
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  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      237 14 THE MERITS OF BEING BOTH A HARE AND A TORTOISE. What would you think of an Air Express company that believes they should meet your business schedule and not you theirs? Slightly unusual? That would go to the extent of offering over 100 scheduled flights departing Singapore daily with multiple
      237 words
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  • FOCUS
    • Article, Illustration
      A nightmare year for banks
      1756 15 From New York to Nagoya and Stockholm to Sydney, billions of dollars in bad property loans the hangover of the go-go 1980s are now taking their toll on lenders. AT A dinner party in New York not long ago, Chase Manhattan Corp chairman Thomas Labrecque
      1,756 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      232 15 Burn Up The Course With The Extra Distance Of Firestick Introducing the revolutionary Firestick. Created with |[|Jf;V/jl¥7i^f*j I2M^ invaluable feedback from professional golfers and F' ex Kic k Point Torque Weight i j |1 Firestick 2.8 Stiff Mid 2.8 88 grams J§m incorporating the latest design technology. To give Firestick
      232 words
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  • SPORTS
    • SIDE LINES
      • Article
        Navratilova to testify for Austin
        175 16 MORRISTOWN, New Jersey After Martina Navratilova finishes her attempt to win a 10th Wimbledon title this week, she has a date in a Morristown courtroom. Navratilova is scheduled to testify next Thursday in a personal injury suit filed by former tennis pro Tracy Austin. Attorneys
        175 words
      • Article
        Russia to replace USSR
        66 16 ZURICH Russia was tapped on Wednesday to replace the former Soviet Union in European qualifying play for soccer's 1994 World Cup. FIFA, the sport's governing body, also extended its ban on Yugoslavia for international games. Yugoslavia will miss the 1994 World Cup unless the UN sports
        66 words
      • Article
        No parking please
        128 16 ZURICH The International Football Federation has decided to outlaw the growing practice of clubs buying a player and then "parking" him with another team. FIFA general-secre-tary Sepp Blatter said on Wednesday: "FIFA will forbid, in the near future, the parking of players by a club in the
        128 words
      • Article
        Maradona's welcome back
        89 16 BUENOS AIRES Diego Maradona's suspension for cocaine use ended at midnight on Tuesday and local soccer officials and players said he was welcome to play in Argentina. "If he decides to return to soccer, I'll open the box and give him the captain's emblem," said Julio Grondona,
        89 words
      • Article
        S Africa for Barcelona after all
        103 16 JOHANNESBURG The African National Congress (ANC) announced on Wednesday that South African athletes could compete in the Barcelona Olympics later this month, but cast doubt on future international sporting contacts. A media briefing was told that "all current pre-arranged fixtures will go ahead," but
        103 words
    • Article, Illustration
      Giant killers and underwhelmed underdogs
      920 16 Wimbledon NYT WIMBLDEON They are an unlikely pair of giant-kill-ers laconic Pete Sampras and iconoclastic Goran Ivanisevic but on Wednesday afternoon, the two 20-year-olds left a mighty divot on the lawns of Wimbledon. And their belligerence earned them a semi-final clash in which they will
      NYT  -  920 words
    • Article
      American crews pull away with thrilling wins
      289 16 AP HENLEY-ON-THAMES, England American crews won the two most thrilling races on the opening day of the Henley Royal Regatta on Wednesday, the world's oldest rowing event. On their debut appearance at Henley, Orange Coast College's eights crew from California lost an early
      AP  -  289 words
    • Article
      When all else fails, send in the Marines
      721 16 NYT NEW YORK Ever since the United States basketball team's first game in the Olympic qualifying tournament. fan reaction has come more in the form of a question, "What do you think about the games?" than a firm statement. This is largely
      NYT  -  721 words
    • Article
      Lewis lowered from lofty perch
      216 16 AP TOKYO When Japanese advertisers speak of Carl Lewis, they use words like "appeal," "excellence," "going with a winner". But since Lewis' shocking failure to make the US Olympic team in the 100and 200-metre dashes, at least one major company that has signed Lewis on
      AP  -  216 words
  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      192 16 PERSONAL INVESTING FINANCE SUPPLEMENT '98 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 cover the rising cost of living.
      192 words
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  • STOCK EXCHANGE OF SINGAPORE 1
    • Article, Illustration
      Blue chips take a beating in thin, listless trading
      3471 17  -  By Genevieve Cua MOST BLUE-CHIP shares lost ground in listless and thin trading yesterday. The morning's trade began on a hopeful note. Spurred by the improved sentiment in New York and Tokyo, the key Straits Times Industrials Index climbed five points
      3,471 words
    • Article, Illustration
      HOT STOCK
      68 17  -  Quak Hiang Whai Comment THE INDICATORS appear bearish for Straits Steamship Land in the short term. Stochastics and the 13-day RSI point towards some correction. Any pullback now should bring the stock to $2.40 which should provide some support. Beyond that, the stock should find support at $2.10.
      SOURCE: BRIDGE INFO  -  68 words
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  • Article
    STOCK EXCHANGE OF SINGAPORE 2
    3101 18 V ICB 610 +45 +80* ICB Wt 253 22 +9.5% Jurong Eng 50* 360 +20 +5.9% OUB 515 +15 +3.0% Prim* 625 +15 H5% S Aerospace F 284 +11 4.0% DBS 1160 +10 +0.9% FAN 1080 +10 +0.9% Keppel Corpn 770 f 10 +1.3% Metro
    3,101 words
  • Page 18 Advertisements
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      Page 18 Advertisements Column 1
      123 18 YOUR KEY TO BETTERBUSINESS DECISIONS! I Shine is Singapore Press Holding?' inforich database financial statements highlight*, graphs, latest results team: T. S. Liu on 740 1035, Hazel Ong on 740 1771 I on Teleview, which incidentally i> the most advanced and company news. orTonyChia videotext system in the world. For
      123 words
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  • Article
    STOCK EXCHANGE OF SINGAPORE 3
    2930 19 Gentings 50* 810 +10 M Banking 540 +10 1 9 GIL US$0.10 81Vi +3 +4.5% Perl is Plani 470 +4 +0.9% D&C Bank 50* 120 +3 +2.6% Sime Darby 50* 251 +3 +1 2% Golden Hope 131 +2 +1.6% KL Kepong 218 +2 +0.9% UMW
    2,930 words
  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      31 19 Lure of lgk 4ft Jft flflHl Jflf the i Xdra x 11P <-v' S:> i: s <I|lP I m JDBHBJMI i > 4ft 4ft 4k ;£"<:: lilll;. ,:il|| f lIP :;fi; !iiP 'iBP
      31 words
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  • BT SHARE INFORMATION SERVICE
    • Article
      AUDITED RESULTS
      200 20 -imnni Date Year Cnwp Wat Ptet Mnttafs CraM mr to profit/loss (L) par share tfvMaad ('000) (cants) Inno Pacific iun 30 Dec 91 $14,375l($9,187L) 0) Sunshine Alhed Iun 29 Dec 91 $3,056(11.797) 196(11 51) 7.5(7.5) MAA Jun 23 Dec 91 M$2.192($2.088) 4.7(4.5) MBf Hldgs Jun 23 Dec 91
      200 words
    • Article
      PRELIMINARY RESULTS
      213 20 Company Date Year Group pre-tax Net earnings Grots ana to prom/loss (L) par share dividend ('000) (cents) Peiangi Bhd Jul 1 Mar 92 M537,824(522.583) 11(9) 15(10) Pertama Jun 30 Mar 92 54.456(52.647) 4 9(3.9) 5(-) Polyteh Jun 30 Mar 92 51.046U 5801) 1 5TE(3TE) A lei Htdgs Jun
      213 words
    • Article
      INTERIM RESULTS
      204 20 r r'*" SSK'5 2S5(•000) Asa Pack Jun 26 Mar 92 $63 03«(S59 214) UN (ION) S }un 26 Mar 92 $99 550(189.232) 9 2(9 2) Pack Can Jun 26 Mar 92 S2 034L(S30) Van der Horst Jun 26 Mar 9? $627($1 51) Cerebos Jun 17 Mar 92 $43
      204 words
    • Article
      RESULTS FORECAST
      147 20 NbaHoari Last Fal Year Farccst bfe fct MM EPS Ve« EPS Cms praft tap Cot hM ur (cts) *> (Sta) «**> SM F May 20 Mar 92 143 2 *0 0 912.800 986 9-***** 1539-1840 Traasaarce F Jun 13 Maf 92 34 2 6 0 8.545 5 3—5
      147 words
    • Article
      OTHERS RESULTS DUE
      428 20 MmUmi list MYwr C«*aq NfM late Year EPS 6ms »et nfta (cts) *i pnft tester (*"•> EMS Final Nov 6 Jul 91 30TE !7_878l C Properties Intenm Mil Dec 92 23.1 50 0 6 943 Fecal Faaace Interim Jul 24 Dec 92 108 4,003 Seal BaritiBe Interim
      428 words
    • Article
      SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS
      555 20 Trans Registered Substantial Starejeldtag Stecfc Date Holder Sliareliolder/Wractw Sell shares S Sefer# Alter CDtJ n/n/i/Qj OCBC Ltd S 18.000 153.300 22 986.532 9 45 22.968.532 9 44 tern,*, (Pte, ltd ;s 20.000 1*«3 MM} Tat Le« Bank 26/06/92 DBS Nommees (Pte) Ltd Temasek Hold.ngs (Pte) Ltd B
      555 words
    • Article
      DIVIDENDS ANNOUNCED
      953 20 Current Ex Sorts Date Tatel far Tatel lar payment date cteM payabia tee year last year Mei Hdgs 50c 61(b) Aug 25 Sep 7 Sep 24 6* 6% Hmcoi 25c 10% Aug 21 Aug 27 Sep 10 10* 10* Aoolo 25* Mm 3 iun 16 Jul 23 2.5*
      953 words
    • Article
      CORPORATE DEVELOPMENTS
      736 20 Ml L L Metro and Wing Tai Apparel are moving into housing estates by franchising their Factory Outlet and Stock Mart names. Singapore Aitnes will draw nearly $1 billion from its cash hoard to pay for three Boeing 747-400 aircraft this year. CSA Holdings has formed a new
      736 words
    • Article
      APPROVED ISSUES
      529 20 Company Rights Issue DAC Bar* One-tor two MSI 25 per stare Ei-date Jun 2 Books dose Jun 17 Acceptance Payment Jul 30 bt Tan Sang Three-tor-one fc, $1 05 per share Ei date Jun 17 Books Oose Jun 27 Acceptance Payment Aug 3 Kapp4 Franc* One-tor tour SI
      529 words
    • Article
      PROPOSED ISSUES
      509 20 0»%-Oat Q IIJQ py M 9M One4or three M52 20 per share Issue of *****m 50% CumuMve Redeemable Preference sheres of 10 an eadi 1992/97 (CVS) with up to *****m Transferable Subacnpton Rights (TSR) for an agpegate P"" of MSI par CRPS with one TSR, on the basis
      509 words
    • Article
      COMPANY MEETINGS
      201 20 Leader Uriversi Hoitings Bhd: EGM at The Pangkor Room, Level 3, The Shangri-La Hotel, ialan Magazine, ***** Penang, on Friday, July 3, at 11.00 am Unjphone Telecanrancatiom Bhd: 35th AGM at the registered office of the company. No 10 ialan Tandang. ***** Petaling Jaya, Selangor Darul Ehsan, on
      201 words
    • Article
      SCRIPLESS CONVERSIONS
      92 20 oo version Special Trdg Scriptess Conversion deadline Period Trading Company starts (IDP) (ST) starts Ea Yaa Sang* Jul 1 Jul 21 Jul 9 Jul 21 Jul 22 Harimaa Jul 17 Aug 13 Jul 31 Aug 13 Aug 14 Keppel Corp Jun 12 Jul 2 Jun 12 Jul 2
      92 words
    • Article
      RECORD HIGHS & LOWS
      146 20 RECORD HIGHS LOWS BT Composite Index ST Industrials Index 1992 Mt *****8 (21/2/92) l«* *****2 (27/1/92) 1992* *****1 (9/4/92) JJJJ Jr 1352.83 (9/4/92) 1991 Mi 1333.08 (3/6/91) 1»1 *****8 (3/6/91) 1991 Imr. 1022.52 (16/1/91) 1149 08 (16/1/91) 990 N* 1435.43 16/7/90) 1»0 1607.12 (27/3/90) 990 tar 981 07 (09/11/90) 1"«r
      146 words
    • Article
      MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      302 20 1b local car la S$ la USS &y yr iy yr V jaly 2 ladcx c*ge chge dy chgc chy due World 380.4 0.6 -6.8 0.8 -6.8 0.8 -6.7 iEAFE 448.8 0.3 -10.6 1.1 -10.1 1.1 -99 Europe 423.7 -0.8 3.0 -0.1 4.3 -0.1 4.5
      302 words
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  • STOCK EXCHANGE OF THAILAND
    • Article, Illustration
      Index falls on first day of two-session trading
      1838 21 Knight-Ridder THE key Stock Exchange of Thailand Index yesterday closed at 746.94 points, down 4.51, on the first day of two-session trading, said brokers in Bangkok. Despite the advent of the afternoon session, trading was slow due to a lack of fresh
      Knight-Ridder; Source: Bridge Info  -  1,838 words
  • Article
    JAKARTA STOCK EXCHANGE
    808 21 Jul> 1 Rupiah High Low VoJ AJP Putra 4400 Abda 1300 unch 1300 1300 2000 Ahap Ins 4350 Alumindo Perkasa Uta..3100 unch 3100 3100 3000 Aqua Golden M 8300 Argo Pantes 4600 unch 4600 4450 *****0 Asr. Bintang 1600 unch 1650 1600 3500 Aster Jawa 1500 50
    808 words
  • Page 21 Advertisements
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      Page 21 Advertisements Column 1
      73 21 The exchange was closed yesterday for a holiday. Below are Wednesday's prices I-P only my boss would I respond -to toe® ads... A ~T~ nr? ANY JOB ANY CAREER< 111— Available any Day. I any tiimie anywhere i uifiF t Ia I s THI st«,t. t,«m T e su».« t,-es
      73 words
    • Advertisement
      Page 21 Advertisements Column 2
      95 21 Enterprise Management in Business Times every Monday FOR SUCCESSFUL MANAGEMENT OF YOUR BUSINESS 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
      95 words
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  • TOKYO STOCK EXCHANGE
    • Article, Illustration
      Nikkei climbs for third straight day
      2586 22 Reuter TOKYO stocks yesterday pushed their winning streak to a third day and the 225share Nikkei Average closed up 432.56 points or 2.56 per cent to 16,757.63. Investors were cheered by continuing talk of easier credit, the yen's strength and a perception the market
      Reuter  -  2,586 words
  • STOCK EXCHANGE OF HONGKONG
    • Article, Illustration
      Shares fall sharply in volatile trading
      2578 22 Reuter SHARE prices closed sharply lower yesterday after a day of volatile trading marked by rumours of a HK$3 billion rights issue by Sun Hung Kai Properties, brokers said. The blue-chip Hang Seng Index tumbled 61.01 points, or one per cent, to finish the
      Reuter  -  2,578 words
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  • AUSTRALIAN STOCK EXCHANGE
    • Article, Illustration
      Stocks rise as investors pin hopes on rate cut
      2093 23 Reuter HOPES of an imminent easing of monetary policy led Australian stocks yesterday to their biggest daily rise in seven weeks. The All Ordinaries index closed 14 points higher at 1,661.7. "All today's move had to do with the prospect of
      Reuter; Source: Bridge Info  -  2,093 words
  • REGIONAL STOCK MARKETS
    • Pre-budget buying propels NZ shares
      • Article
        NEW ZEALAND
        330 23 A WAVE of buying enthusiasm ahead of last night's budget speech propelled New Zealand shares to their highest close in two weeks. But the charge was led by the sec-ond-liners while the leaders could only watch from the sidelines. Finance Minister Ruth Richardson was due to present the
        330 words
      • Article
        SEOUL
        837 23 SEOUL'S depressed stock market slumped to a 53-month low yesterday on gloom about the economic outlook and prospects for company earnings, brokers said. "The market advanced at the opening but investors tend to take profits whenever they see any gains," Seoul Securities broker Choi Bum said. "Sentiment remains very
        837 words
      • Article
        MANILA
        577 23 SHARE prices closed lower for the second consecutive retreat yesterday after a month-long rally spurred by the election that gave Fidel Ramos the presidency, brokers said. The Manila Stock Exchange Composite Index declined by 10.52 points from Wednesday's close to end at 1,513.57. Combined turnover on the bourses fell
        577 words
      • Article
        TAIPEI
        532 23 SHARE prices closed sharply lower yesterday as disappointed investors dumped Taiwan shares on expectations that the stock transaction tax would not be reduced, brokers said. The Weighted Index closed 69.73 points, or 1.5 per cent, down at 4,454.08, near its intra-day low. Turnover was NT521.37 billion against Tuesday's NTS
        532 words
      • Article
        Untitled
        50 23 Close Piwtow J»l> 2 NEW ZEALAND NZSE-40 Capital 1.541.41 1.522.06 +19.35 Composite Index 1.513.57 1.524.09 -10.52 Turnover (mil pesos) 281.2 425.4 -144 2 TAIPEI Weighted Price Index 4.454 08 4.523.81 -69.73 Turnover (NTS billion) 21.37 18.45 +2.92 SEOUL Composrie Stock Index 548.28 551.98 -3.70 Turnover (billion won) 154.98 189.6 -34.62
        50 words
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  • WORLD STOCK MARKETS
    • Wall St opens 3rd quarter with sturdy gains
      • Article
        Untitled
        368 24 July I Claw Pmt— NEW YORK Dow Jones 3,334.10 3,318.52 +35.58 SAP 500 412.88 408.14 +4.74 Turnover (million) 214.25 200.98 +13.27 LONDON Financial Times 30 1,917.3 1,942.3 -25 FTSE 100 2,493.9 2,521.2 -27.3 Turnover (million) 495.1 458.5 36.6 FRANKFURT DAX Index 1,756.26 1,752.63 +3.63 AMSTERDAM EOE Index 300.81 302.57 -1.76
        368 words
      • Article, Illustration
        NEW YORK
        1192 24 WALL Street stocks lunged into the third quarter with sturdy gains on Wednesday, as a flood of new money and continued hope for an interest rate cut boosted blue chips over one per cent. The Dow ended up 35.58 points to 3,354.10 and gainers outpaced losers by around
        1,192 words
      • Article, Illustration
        LONDON
        805 24 THE British stock market extended its recent sharp loss on Wednesday as a wave of profit downgrades and another dip on the FTSE futures discouraged buying at the lower levels amid worries about where the market will bottom out. The FTSE-100 Index, down 27.3 points on the day at
        805 words
      • Article
        FRANKFURT ,
        298 24 FRANKFURT GERMAN shares ended a further directionless session on Wednesday narrowly mixed, continuing into July the pattern seen throughout most of June. But dealers drew comfort from the fact that the market had once again defended an important level on the 30share DAX Index, closing just above the key 1,750-level
        298 words
      • Article
        AMSTERDAM
        181 24 SHARES ended down on Wednesday, regaining a recent bearish tone on US dollar weakness and the failure of foreign bourses to turn upwards, dealers said. Dealings were said to be dull with activity restricted to professionals. There was hardly any action in the second half. The EOE Index closed
        181 words
      • Article
        PARIS
        260 24 WALL Street's stronger start on Wednesday lifted French share prices off their session lows, but the Paris bourse remained in the grip of gloom and closed with widespread losses. The CAC-40 Index ended down 19.71 points, or 1.04 per cent, to 1,880.92. That was off its low of 1,874.71
        260 words
      • Article
        MILAN
        221 24 ITALIAN shares closed at a new low for the year on Wednesday, the sixth consecutive fall in a market marked by the total absence of any buying interest as investors wait for firm economic ac- tion by the newly-appointed government. Brokers said already bearish sentiment was worsened by the
        221 words
      • Article
        ZURICH
        260 24 SWISS shares close lower in moderate volume on Wednesday. Dealers said the market lacked buying interest as higher interest rates, a low dollar and the London bourse's weak performance dampened sentiment. Switzerland's new company law, which took effect on Wednesday, failed to encourage buying. The all-share SPI Index fell
        260 words
      • Article
        STOCKHOLM
        183 24 SHARE prices continued their downward trend on Wednesday on lack of interest by both foreign and large Swedish institutional investors, but there were signs in afternoon trading that the decline may be slowing. The Bourse General Index fell 0.63 per cent to 893.65 points, while the Top-16 Index was
        183 words
      • Article
        BRUSSELS
        207 24 BELGIAN shares closed flat in slow trade as uncertainty over the domestic and German economic situation, weakness in the dollar and the start of the holiday period combined to keep volumes low on Wednesday. Oil major Petroflna, by itself accounting for nearly a quarter of total trade, recovered from
        207 words
      • Article
        JOHANNESBURG
        377 24 SHARES ended mildly softer on the Johannesburg Stock Exchange on Wednesday in quiet trade as investors stayed clear of an uncertain trend, dealers said. They said the general strike called by the Congress of South African Trade Union for Aug 3 had jarred sentiment already weakened by growing fears
        377 words
  • Page 24 Advertisements
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  • CURRENCY, MONEY & FUTURES MARKETS
    • Article
      US dollar closes sharply lower against yen in Tokyo
      1232 25 REPORTS dp. TOKYO: The dollar closed sharply lower versus the yen in Tokyo, but above morning lows. Weak dollar sentiment in the morning was intensified by a local wire service report that G-7 nations will seek a rise in the yen
      1,232 words
    • Article
      INTERBANK FOREX RATES
      383 25 Crass rates July 2 USS SS MS Dm Yen SFr AS NZS USS 1.6180 2.5060 1.5240 125.15 0.5255 1.3720 1.3423 1.8382 SS 0.6180 1.5488 0.9419 77.3486 0.3248 0.8480 ***** 1.1361 MS 0.3990 0.65 0.6081 49.9401 0.2097 0.5475 0.5356 0.7335 Dm 0.6562 1.0617 1.6444 82.12 0.3448 0.9003 0.8808
      383 words
    • Article
      MONEY MARKET
      536 25 Interbank rates s$ Bid Offer Overnight I 1/4 I 1/2 1-month 2 7/16 2 9/16 2-month 2 1/2 2 5/8 3-month 2 9/16 2 11/16 Overnight mode: 1/2 Ugj Bid Offer 7 days 3 7/8 4 1 month 3 13/16 3 15/16 2 months 3 13/16 3 15/16
      536 words
    • Article
      Lower margins do not add new risks: futures regulators
      389 25 Reuter WASHINGTON Federal futures markets regulators said the decision by three commodities exchanges to slash the amount of money needed to trade stock index futures does not pose added risk to financial markets. The Commodity Futures Trading Commission (CFTC) said the
      Reuter  -  389 words
    • Article
      FINANCIAL FUTURES
      1469 25 SIMEX EUMOOUJUI Open High Low Sett Est Vol Act/Vol Op/Int Sep~92 96~Ti 96.12 96.09 96.09 5500 2797 ***** Dec 92 95.62- 95.65 95.62 95.63 8850 4408 ***** 95.63 Mar 93 95.53 95.56 95.53 95.53 5000 2899 ***** Jun 93 95.13 95.16 95.12 95.13 2100 1020 2169 Sep 93
      1,469 words
  • Page 25 Advertisements
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  • COMMODITIES
    • Article, Illustration
      Room for tin prices to surge despite sharp gains: traders
      424 26 Reuter KUALA LUMPUR Tin prices surging to their highest in more than two years have brought back life to the long-suffering industry, and traders say that the potential for further increases remains bright. "Many traders and consumers were caught by
      Reuter; Source: MBT  -  424 words
    • Article
      Asian oil exports may drop after 1995
      649 26 Reuter SINGAPORE Asian crude oil exports are expected to begin a sharp decline in the mid-1990s as surging regional demand outpaces new oil production, oil analysts say. The trend will raise Asia's reliance on Mideast oil from 73 per cent of imports in
      Reuter  -  649 words
    • Article
      HK gold ends at day's high
      242 26 REPORT HONGKONG: Gold closed firmer at its intraday high on-. Japanese demand. Bullion ended at U*****.80/345.30 an ounce against New York's USS 344.00/40 close on Wednesday. Local gold ended HK$l2 higher at HK53,178 a tael. Coins were up HKSS. Tokyo: Yen-denominated platinum futures closed
      242 words
  • Article
    PRICES
    1549 26 Rubber MEL» (krif I) In Ww) (M cents/kg) Noon Ctac Int 1 RSS Aug 92 220 00/222 00N *****(722.00 Int 2 RSS OP 2I8.00/2I9.00N 218 00/2I9.00N UK/Com 217.00/218.00N 217.00/218.00N Int 3 RSS OP 215 50/216 50N 215 50/2I6.50N UK/Coat 214.50/215.50N 214 50/2I5.50N Int 4 RSS OP 212 50/2I3.50N 2I2.50/2I3.50N
    1,549 words
  • Page 26 Advertisements
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      Page 26 Advertisements Column 1
      899 26 BUSINESS TJ_M_E_S_ ToH-fr— Trt N0;737-0043*F«c No: 734-3606 IN THE MATTER OP THE COMPANIES ACT, CAP. «0 ANO IN THE MATTER OP TIGER OCEAN SNIPPING PRIVATE UMITBD (IN VOLUNTARY LIQUIDATION) At an Exfraordnary General MaMng cf tie members of Tiger Ocean Srtptfng WvateUmiieddiiy convene and held on 29 Ju» 1992 at
      899 words
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  • Article
    AIRCRAFT ARRIVALS AND DEPARTURES
    1088 27 SK3EJEJKI GA970 2035 Qf 81 1956 §0*27 law RJ182 1440 RJ 183 2340 /y KL837 12S5 SQ24 0115 Stym 1815 KL838 2240 Mtmm SQ348 2300 AMMmJ NZ35 1550 SQ285 2115 SQ288 2030 2355 W421 SQ181 BJ429 BI95 1106 1410 2030 2240 SQ182 BI422 B430 0915 1205
    1,088 words
  • THE TRAVEL PAGE
    • Article, Illustration
      Storm in a Japanese bath-house
      726 27  -  POSTCARD FROM KOFU By Mark O'Neill FOREIGNERS just have no idea how to behave in a public bath they wear underpants in the tub, wash out their clothes and lie around smoking. So saying, a public bathhouse in this pretty Japanese city of Kofu in
      726 words
    • Article
      FOREIGN CURRENCY NOTE RATES
      152 27 As at 10am yesterday: Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.2007 1.2170 Canadian dollar 1.3308 1.3580 NZ dollar 0.8718 0 889$ Sterling pound 3.0655 3.1072 US dollar 1.6140 1.6210 Load dollars to 100 units of fmcigi cwicacy Austrian schilling
      152 words
    • Article
      WORLD TRADE EXHIBITIONS
      49 27 Duration Title Venue Organiser Tel Duration Title Venue Organiser A jc o i Munwh Mode-Woche (49) 89/5024 Aug 22-25 International Frankfurt. Messe Frankfurt (49)69/***** A* '"X, V**""!-" &n GmbH Consumer oooas a, W USAR«dE,h*«»» ..KIT/UO- Sep 6-9 Fine Food Mdboon* (6IOT67.79.I Hardware Show Companies 2222 Services
      49 words
  • Page 27 Advertisements
    • Advertisement
      Page 27 Advertisements Column 1
      38 27 What's theprice for a united Europe? Exactly the same when you fly to any one of Finnair's 35 European destinations. Check with your travel agent or call *****77 for more details. W« know Europe from start to Pinmih
      38 words
    • Advertisement
      Page 27 Advertisements Column 2
      7 27 WEEKLY OVERSEAS EDITION 9tibKrlbo now. Call 74M377.
      7 words
    • Advertisement
      Page 27 Advertisements Column 3
      709 27 BUSINESS TIME S Toll-fra* Tel No: 737-0043 Fax No: 734 3608 IN THE MATTER OF THE COMPANIES ACT. CAP JO and M THE MATTER OF MARINE CARRIERS PRIVATE LIMITED (Incorporated In Singapore) (MEMBERS' VOLUNTARY WINDING UP) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the
      709 words
    • Advertisement
      Page 27 Advertisements Column 4
      202 27 IN THE MATTER OF THE COMPANIES ACT, CAP. SO AND IN THE MATTER OF SOUTHSTATE INSURANCE PTE LTD (In Members' Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act. Cap. SO. (hat a Final Meeting of the Members of the abovenamed
      202 words
  • Page 27 Miscellaneous
    • Miscellaneous
      Page 27 Miscellaneous Column 1
      305 27 1 Put an end to grants ar- _LJ__ ranged by the 5 Workers hold half-a-dozen j—^^~~ such companies (6) I 1 1 I I I 1 ***** 9 The writer pushed into the RBH"~""■■j water is savage! (8) 10 Among the greatest errors 12 I I I I I I
      305 words
    • Miscellaneous
      Page 27 Miscellaneous Column 2
      167 27 Singapore Outlook: Showers over several areas in the late morning and early afternoon. Report Maximum temperature 31.9 Assoc humidity 69% Minimum temperature 25.7 Assoc humidity 90% Hours of sunshine 10.10 Rainfall in mm Trace Rainfall this month 2.2 Rainy days this month I World report Asia-Pacific Hi/Lo* Cond. Auckland 13/03
      167 words
    • Miscellaneous
      Page 27 Miscellaneous Column 3
      52 27 vxr pti?ftuc_r> ujiTw Qugsn: hou> d»D Come TO KW UoudrVu>pTs StoLT Bvl eveß>/OMe ..GOT p tCI < IW6. SP>mc P>S rne 6en*vioofc or-rwe makJ daY l or public fieiftTiois..? in Tue moslt R00rn.... imsultgd "w: swr s si FvND W I JJ .r\ V -> ufseT iH .O x 7,s
      52 words
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  • Article, Illustration
    US, Japan agree to help boost world recovery
    459 28 No measures announced at talks between Bush and Miyazawa Reuter WASHINGTON US President George Bush and Japanese Prime Minister Kiichi Miyazawa have agreed to act to bolster the sputtering world economic recovery, but did not discuss exactly how they would do it,
    Reuter  -  459 words
  • Article, Illustration
    Beijing worried by talk of tougher British stand on HK: Wilson
    493 28 Reuter HONGKONG Speculation that Britain has reversed its policy of quiet diplomacy with China to take a tough stand on Hongkong has got Beijing worried, the colony's outgoing governor, David Wilson, said yesterday. Speaking the day before he leaves
    Reuter  -  493 words
  • Article
    Spratlys row won't harm ties with Vietnam, says China
    359 28 Reuter BEIJING China yesterday sought to calm fears over a territorial dispute with Vietnam, saying the two sides were preparing to hold negotiations on the issue and still enjoyed close relations. Foreign Ministry spokesman Wu Jianmin said conflicting claims over the
    Reuter  -  359 words
  • Article
    UK special envoy in Beijing to discuss HK airport issue
    199 28 AP BEIJING British Prime Minister John Major has sent a special envoy to Beijing to try to resolve a dispute with China over financing for a new airport in Hongkong, officials said yesterday. John Coles, Undersecretary of State for Foreign
    AP  -  199 words
  • Article, Illustration
    Jakarta must be true to spirit of economic reforms
    736 28  -  The Bottom Line YANG RAZALI YANG RAZALI The writer is a senior BT correspondent INDONESIA'S reform-minded technocrats will be smiling all the way to Paris in two weeks' time when they meet western donors led by the World Bank under the
    736 words
  • Article
    China warns cities to obey rules on share issues
    444 28 Concern over sale of stocks without permission Reuter BEIJING China's Cabinet is warning local officials not to jump the gun by issuing stocks without permission, mindful of the wild speculative activity set off by past illegal share issues. The State Council
    Reuter  -  444 words
  • Article
    UN talks fail to break impasse with Khmer Rouge
    307 28 AFP PHNOM PENH Talks yesterday between the Khmer Rouge, UN officials and other Cambodian faction leaders failed to break the deadlock over the radical group's refusal to lay down its arms and cooperate with UN peacekeepers, diplomats at the meeting said.
    AFP  -  307 words
  • Page 28 Advertisements
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      Page 28 Advertisements Column 1
      88 28 Nikon The World's Finest Photographic System CONVERSATIONS I RAFFLES "Materially, In dollars and cents, I think Singapore's not doing badly, but I still feel very uneasy for the country, and I think that many people feel the same." 7 V JBS' I Al.; mK l i niMr J v. J.
      88 words
    • Advertisement
      Page 28 Advertisements Column 2
      6 28 Nikon The World's Finest Photographic System
      6 words
Page thumbnail Page 29
  • Shipping Times
    • Article
      Busy trans-Pacific trade boosts Anera's contracts
      382 29  -  By Juliette Walker SINGAPORE Strong growth on the eastbound trans-Pacific trade has boosted by 23 per cent the number of service contracts clinched by conference carriers plying the route. Members of the Asia North America Eastbound Rate Agreement (Anera) have signed 472 service contracts
      382 words
    • Article
      Belgian shipping group to focus on core business
      654 29 New owners honing CMB to do tramp bulk trade Reuter ANTWERP Diversified Belgian maritime group CMB, bought a year ago by the Saverys shipowning family from the Ste Generale de Belgique holding company, is being remodelled to concentrate on its core activities.
      Reuter  -  654 words
    • Article
      Divers to inspect wreck of Lin Jiang
      211 29 Knight Ridder LONDON Divers are to inspect the wreck of the 6,670-deadweight-tonne Lin Jiang in Hongkong harbour to decide the best way for it to be brought to the surface, according to Lloyd's Intelligence. The Lin Jiang sank on Tuesday after being hit
      Knight Ridder  -  211 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      1178 29 Page Col ABC Conuineriine 12 1 Accord Group 8 1-3 Ahrenkiel Liner 16 4 Allied-Link 16 4/5 Alpha Feeders 6 1 Anglo Orient 16 1/2 ANL 3 1/2 APL 5 3-5 Arrow Int 9 2 Asian Break-Bulk 16 3 ASCL 5 5 ASXCL
      1,178 words
    • Article
      Freight rates plunge to two-year lows
      362 29 Reuter LONDON Freight rates are at their cheapest for two years as a traditional summer lull slows already slack demand for vessels. Brokers and analysts say most importers are unlikely to take advantage of the low levels, with recession squeezing spending. "You can't invent
      Reuter  -  362 words
    • Article
      Ship carrying toxic waste in Black Sea disappears
      273 29 UPI ANKARA The Turkish Coast Guard is mystified about the whereabouts of an Estonian-flagged vessel escorted into the Black Sea with a cargo of toxic waste after being prevented from unloading, a senior environment official said on Wednesday. The 3,236-ton Hellermaa, flying
      UPI  -  273 words
    • NEWS SUMMARY
      • Article
        Space-age airplane
        53 29 SOMETIME around the turn of the century, if technological hurdles can be overcome, a specially designed airplane will be able to take off from a conventional runway, roar into space at 25 times the speed of sound, then come scorching back through the atmosphere to land at another
        53 words
      • Article
        Australia to expand air links with Seoul, KL
        38 29 A MAJOR expansion of aviation links between Australia, Malaysia and South Korea has been negotiated in talks between the three countries, industry and government sources said here yesterday Back Page
        38 words
      • Article
        Emirates to double Dubai-S'pore flights
        27 29 EMIRATES will double its frequency of flights between Dubai and Singapore next month as part of its long-term expansion plans Back Pige
        27 words
      • Article
        BAe keen on teaming up with Taiwan firm
        40 29 JOHN Cahill, the new chairman of British Aerospace (BAe), was due in Taipei yesterday as part of a drive to secure the future of its loss-in-curring regional jet aircraft business Back Page
        40 words
      • Article
        BR's privatisation plan jeopardised
        34 29 PROSPECTS for the privatisation of British Rail (BR) have worsened as it became clear that the railway's brief era of profitability in the late 1980s had decisively ended Back Pace
        34 words
    • LOG BOOK
      • Article
        Philippines Airlines flying to China again
        84 30 MANILA Philippine Airlines (PAL) yesterday resumed flights to China which had been suspended following the massacre at Tiananmen Square in June 1989. A PAL spokesman said the airline will operate three flights weekly to the southern Chinese city of Xiamen. The flights leave Manila
        84 words
      • Article
        Pakistan ups port tariff by 15pc
        69 30 KARACHI Pakistan has increased the tariff on export and import cargo handled at Karachi by 15 per cent, a spokesman for the port said. The increase follows the gradual implementation of the port's one billion rupee development plans, including construction of 14 container berths.
        69 words
      • Article
        Coal ship sails for Taiwan
        36 30 LONDON The Norwegian bulk carrier Berge Charlotte. immobilised by fire off Hongkong on Wednesday, has the blaze under control and was to head for Taichung yesterday, Lloyd's Shipping Intelligence Service said.
        36 words
      • Article
        Bangladesh transport strike ends
        76 30 DHAKA A 10-day national transport strike was called off after the government refused to bow down to "unreasonable" union demands, officials said yesterday. The striking faction of the Bangladesh Sarak Paribahan Sramik Federation called off the strike on Wednesday after talks with Communication Minister Oli Ahmed,
        76 words
      • Article
        Bermuda union strike widens
        93 30 HAMILTON, Bermuda The main Bermuda trade union sought to expand a six-day old transport strike called over a long-festering dispute with a private trucking company. The strike has disrupted public buses, freight and shipping, and has slowed garbage collection and some government offices, but officials said
        93 words
      • Article
        S&P affirms Consolidated's debt
        52 30 NEW YORK Standard and Poor's Corp said it affirmed Consolidated Freightways Inc's BB senior debt and 88-minus preferred stock after the Postal Service suspended its Emery Worldwide Inc unit from bidding for an upcoming postal contract. About US$33O million of debt is affected. The rating outlook
        52 words
      • Article
        Bunker fuel spills at US port
        62 30 SEATTLE Between 2,300 litres and 3,200 litres of bunker fuel spilled in the harbour at Tacoma during the bunkering of the Japanese ship the Sun Rose on Wednesday afternoon, according to the US Coast Guard. The spill occurred when the bunker fuel tanks on
        62 words
    • Article, Illustration
      Space-age airplane
      1256 30  -  A plane that can soar into space from a conventional airport is a vision that may become a reality not too many years off, says John Holusha John Holusha NYT SOMETIME around the turn of the century, if technological hurdles can be overcome, a specially designed airplane will
      NYT  -  1,256 words
    • Article
      VERITAS BUNKER QUALITY REPORT
      481 30 Carbon Carbon Jaw 25 DmmIt Nat* RmUm Ash Ataman Sedmnt Owwity Water Utiidue Art MuwMmtt Sedwoj M/M */8 Euon Eu» KG/M*3 V/V M/M M/M PPM method KG/M*3 V/V M/M M/M PPM mettioj "'4 BO/Gmc Mb Spec E25 991 LO 150 <U0 30* <U0* Eastern USA 180
      481 words
    • Article
      THE SHIPPING GUIDE
      10891 38 This is a list of ships loading at Singapore for ports around the world. It tabulates, by destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. LEGEND PN: ship calls at Penang after
      10,891 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        497 45 tend Vay Hi tar* «nM VmnI >■» Soarfcle Sun 022A S02 03.07/1830 04.07/2000 ItariM Terminal 1 Wr,,, Arrow 46 S03 0107/1400 04.07/2100 BatM m, *****2 M04 02.07/2300 Batam Mora *****2 M05 ***adt 03.07/2300 p-rf Satamndo 2 2011S M03 *npHe 0207/1900 n 03.07/1800 Golden Bird 02/92 M03 *npde
        497 words
      • Article
        CONTAINER SCHEDULE
        1595 45 J c S3 nm 7T7W7"/ TiT' —f" J777 Maiestic Ms Act I toe Johanna Ve-Ga Gucheng Elen Hud* Lawanti KoU Makmur Kota Sura Ned Asia Merkur Ma Anes Hi Kwangyang Perrmrt Sun 5 S Bndge Cak Juprtef ThorU Ms Chrtral Nor Susan All Cower G» Osaka M Sea
        1,595 words
    • Article
      TRANSPORT DIARY
      879 46 Sept 6-18: Seatrade Academy's Anatomy of Shipping, organised by Seatrade. The event will take place at Selwyn College Cambridge, England. Sept 15-16: Asia-Pacific Digital Cdlular Mobile Communications, organised by IBC Technical Services Limited at The Mandarin Singapore. For further details please contact IBC Technical Services at tel: 732-1970
      879 words
    • Article
      DAILY FREIGHTS
      717 46 FREIGHT rates dropped further with Wednesday's Baltic Freight Index off 12 points at 1,079, its 28th consecutive daily fall. The BFI has now shed 209 points since May 21. Virtually all routes were lower with US Gulf/Japan grain at US$lB.BB (US$lB.9B). Brokers reported a typical coal load from
      717 words
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      Australia to expand air links with S Korea, M'sia
      373 48 Agreement paves way for Ansett's entry into Asia AFP SYDNEY A major expansion of aviation links between Australia, Malaysia and South Korea has been negotiated in talks between the three countries, industry and government sources said here yesterday. The move, details
      AFP  -  373 words
    • Article
      AT&T, unions to forge tentative deal
      395 48 NYT WASHINGTON After 94 days of hard bargaining, American Telephone Telegraph Co and its two main labour unions planned to announce yesterday a tentative agreement on a labour contract. The talks were the most extensive such labour negotiations this year and involved 127,000, or
      NYT  -  395 words
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      BAe keen on teaming up with Taiwan Aerospace
      251 48 FT LONDON John Cahill, the new chairman of British Aerospace, was due in Taipei yesterday as part of a drive to secure the future of its loss-in-curring regional jet aircraft business. Mr Denny Ko, Taiwan Aerospace president, said BAe was interested in
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      Air traffic up in May: Iata
      153 48 Reuter GENEVA People are returning to air travel after staying away last year because of the Gulf War and the worldwide recession, according to new figures from the International Air Traffic Association (lata). But lata director-general Guenter Eser said that while passenger and freight
      Reuter  -  153 words
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      Emirates to double Dubai-S'pore flights
      410 48  -  By Dexter Lee SINGAPORE Emirates will double its frequency of flights between Dubai and Singapore next month as part of its long-term expansion plans. From Aug 10, the national carrier of the United Arab Emirates will have six flights a week to Singapore, three of
      410 words
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      British Rail's huge losses jeopardise privatisation plan
      328 48 FT LONDON Prospects for the privatisation of British Rail (BR) have worsened as it became clear that the railway's brief era of profitability in the late 1980s had decisively ended. Results for the year to March 31 showed BR plunging into pre-tax losses
      FT  -  328 words
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      Fight starts for S Korea's 2nd phone deal
      464 48 Six firms bidding for contract worth abouth 2 trillion won Reuter SEOUL Six of South Korea's most powerful companies are fighting a head-on battle to win a lucrative contract to operate the country's second mobile telecommunications network. The six all submitted bids
      Reuter  -  464 words
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      8 29 For advertising enquiries, contact Shi/ping Times: Tel 740.**********90.
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      50 29 the jM FAMOUS AM ■iMlllJl* mi i«aa For sort information please refer to Pg. 13 SRI H JNDER 20s RUGBY TOURNAMENT W, TOM- ||j —««j»a3-—• I" I So Come Witness The Take-btt.-J 1 sthJuly-4:oopm FARRER PARK W Sole Sponsor MFFIN KINETIC The REAL Specialist Airfreight S.S.I.T. i W Tet *****33
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      28 29 Contamr Schedule 17 My Fraghte 18 Index 1 Shww* Gude 10.11 Shps w Port 17 Singapore Tidal 17 Transport Diary 18 Weather and Sea Condrtorrs 17 Weekly 18
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      81 30 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 successful small firms and the people
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      2379 31 Hupping Times, rriaay jniy a Iwz OOCL (S) m LTD JAROM WWfWO AOCNCKS TEL: *****11 FAX: *****09 MHgf BOOKINGS TEL: *****34 *****58 IfCEßlll J^!^ EL^SSi a A<SSc« «m. sho. IW2 TEL: *****18 FAX: *****91 *****88 0 PENANQ TEL: *****4 FAX: *****1 CFS TEL: 34»806 MpanpHß Dedicated to Quality Service ipoh
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      Page 31 Advertisements Column 2
      826 31 Find out how sellers are reaching out to buyers in Advertising and Marketing. Every Thursday in BT I //A MUNITED/UUBSHIPPM(SJIGII /H HYC Ml Off SAV ■Mn I ivj n/t a/t jw wt *Ml N I 11/7 1/1 VI «/1 M i DMM II I 7/1 11/1 IVI M/ 1 M/
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      1396 31 pni.UJ d,L-l!WJI J WEEKLY FEEDER TO/ FROM PASIR GUDANG ETA PASIR GUDANG EVERY TUESDAY 0100 HOURS ETD PASIR GUDANG EVERY TUESDAY OSOO HOURS FOR BOOKINGS, PLEASE CALL LINDA at 07-*****S Veaaal Voy I ETA I ETO I Feeder by 1 DESTINATIONS Laarerl/Arias TMt m* Madison Maarak 9206 CV 7/7 0600
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      1555 32 *"y 111 II W'DAM/ 'I*'? VQY NO SPORE JEDOAH S HAMTON H BUBQ ANT II 11« Mil jl|UWll LEVERKUSEN EXPRESS 07/326 5/7 22/7 24/7 27/7 28/7 KITANO 14/127 9/7 18/7 1/8 28/7 27/7 JWHOIM fOMMf THAMES 12/327 12/7 29/7 31/7 3/8 4/8 [^SBSSZjgSpr LA SEINE 25/128 18/7 24/7 8/8 4/8
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      Page 32 Advertisements Column 2
      537 32 —=^^^^^^^^SSSSSSSfSSSSSSSBSSSSSSip I 555 TO PAW* wtw QUwSn 1 BPONf ALAM TALAMO VlO (a/07 POM/HON/NORO/RAO/ KNAJtIAm CHEFOO VM 28/87 POM/MON/NONO/RAO LAC/MAO alam talang vas u/oa pom/hon/momo/rab I UM/LAI/WWK I (LCL B/BULK) T/S: ALOTAU, OROBAV, KAVKNG ACCEPTMG LCL FOR MAM POUTS DISCHARGE PORT KELANG H C. Ttt: *****01/4 INDIAN OCEAN AND SOUTH
      537 words
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      Page 32 Advertisements Column 3
      1517 32 =aaa=s——a— El REGULAR INDEPENDENT FULL CONTAINER BERVICE WESTBOUND TO EUROPE VSL/VOT SM ALG BCL HAM K HOT ANT FB. LHA (MA (MA (MA ALB) NAM) ROT) NOBAStt SHARJAH 9218 3 05/07 27/07 28/87 30/07 31/07 02/08 03/00 03/00 04/00 M. FREEDOM 219 M 15/07 06/08 08/08 10/08 11/08 12/00 13/08
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      2290 33 0 STRAITS SHIPPING PTE LTD 10 Km Chiang Road #11-01 Towers Singapore 0208 Tal: *****88 Fax: *****17 iwwvmMMwmmMMMMm ACCEPTS 0« 5*15 yqg BKOK ST* AITS VENTURE VICC Muii. Lib. KR M hrt 03 M "MiOW S 2 111 n* 09 ur KRB MEMB VOX Muara. LA, KK 04-00 MO7 M
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      Page 33 Advertisements Column 2
      1700 33 SINGAPORE AGENT: PAntaiflAfG P Contains* (Singapore Agencies) Pte Ltd X 10 Hoe Chiang Road #07-01 KEPPEL TOWERS, SINGAPORE 0208 Tel: 225 2233 Telex: RS ***** PNOCSP Fax: 225 5327/222 7517 m W CR Number: **********0Z P&O CONTAINERS NOW OFFERS YOU: 2 FIXED DAY SAILINGS PER WEEK TO HONG KONG COMPETITIVE
      1,700 words
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      632 34 CR MM 11t27B100l(M) EXPRESS SEMI CONTAINERIIIP SERVICES TO EUROPE i——i 4 < VSI/WT STOK KMM/NMM HTOfc BOKN MT«CRr eta/d IU IMAM/32M8 17-Zl/7 M/» »/t 31/t 4/1 FAST TRANSIT TNE ACCEPTING BREAKBULK/CONTAMEMA CARGO Subject to lnduc*fn«nt. AIM accepting ctrgo to CimMwci. Port Said, Port Alexandria, Oanoa, TriaaM. ALSO ACCEPTWG CONVENTIONAL CARGO
      632 words
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      Page 34 Advertisements Column 2
      1412 34 OHANJIN SHIPPING I FDR VS. SM UK HAUL 10 OAR FOR VS. SM IIJK NAU. SAV U NTC HARM SM6AFORE 006E 4/7 DRECT 26/7 29/7 HARM SMBOFOK 006E 4/7 N. SEATTLE 8201 IJ/I 14/1 16/1 HARM LEMAME 01K 12/7 08KCT 2/8 5/8 HNMR OCJU 0841 20/7 MMG rtXRTY 023E 27/1
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      Page 34 Advertisements Column 3
      1258 34 mXPOtIHUMiinKTHnOIUtKH KYC UN M n IW HK no CM m I EOMNTK-MI 7/7 0/7 11/7 15/7 17/7 a/7 21/7 IW 24/7 25/7 27/7 7/1 11/ l 21/t 22/1 1/» 2/* J/1 4/9 VI 15/1 25/1 21/1 U/l I COnVT K-041 14/7 15/7 21/7 22/7 24/7 27/7 21/7 N/7 11/7 1/1
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      Page 35 Advertisements Column 1
      1483 35 y NEPTUNE AGENCIES PTE LTD SINGAPORE TEL: *****77 (CRNft;**********06) E?£SS£ OU F EO j70r«oo nSiXoWS .gM^aou^Rtt) *****00 IMPORT CFB Ft; *****68/*****96 W ™EU&pf SERTOE *****00 EXPORT- CFS -W: *****53/*****60 AUST/INDtA/PAK SERVICE *****00 *****0, J.BahnHOT) *****2/3/4 Jakarta^^3s6l24s/54, Surabaya (31) *****2/548, Samarang (24) *****6. Panfang (721) ***** Bandung (22) *****3 Madan (61)
      1,483 words
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      Page 35 Advertisements Column 2
      967 35 m sinsov SINGAPORE SOVET SHPP9M CO PRIVATE LTD BOOKING: *****51/ *****64/ *****0* (FESCO LINE) ENQU9UES: *****33 MARME MSURANCE SERVICE: *****97/ *****97 KL: 03-*****75/697 PORT KELANG: *****43/ *****40 lAKARTA: *****57 PENANG: *****4/ *****9 JOHORE BAHRU: *****1/ *****1 (REGULAR INDEPENDENT SERVjCE} FULL CONTAINEBSHIP SERVICES ficnonß-toiCTt BWframWPßMg| —t WW |1 —u www B
      967 words
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      Page 36 Advertisements Column 1
      1534 36 K V AS AGENTS: KAWASAKI SINGAPORE (PTE) LTD ICR No: **********0 M) V W ll7\ TEL *****77 TELEX: KAWAJCIRS23I6S FAX: *****07/o^9 I I |%l IN MALAYSIA: "K* LINEMAIVTIME (MALAYSIA) SON BHD I JL mJL Jk# TELSASSO24OO PK*****01/5 PENANG632O2O J*****01 KAWASAKI KISEN KAISHA, LTD INDONESIA P.T. SARANA LAUTINTERNUSA TEL JKT *****76.*****77.*****08
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      Page 36 Advertisements Column 2
      1109 36 PHILI-ORICNT LIN€S m LTD,4*% 108 Robinson Road #07-00 GMG Building Singapore 0106 1 T»l: *****22/*****69/*****00 7el«x: RS ***** FAX: *****76/*****38 On/2 BY AIR, LAND OR SEA.... SSU WE TAKE ON THE WORLD FOR YOU MEMBER OF SINGAPORE FREIGHT FORWARDERS ASSOCIATION I 1 AUSTRALiA/MEW ZKALAMDmOUTH PACIFIC FCULCL SERVICE 4 JUL SYDNEY.
      1,109 words
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      Page 37 Advertisements Column 1
      2153 37 PACIFIC INTERNATIONAL LINES IPTIILTD mSSSmSS* mi Kmflflv 140 Cecil Street. #03-00 PIL Building. Singapore 0106. *****33 Cfl NO: **********0E vssssl *or mm jkt mm srmamut (thai plaq) imm vt s/7 mn KOTA MOAN 271 8/7 7/8 12/7 KOTA MMTAMO K8T224 7/7 «/7 WT BUNOA TERATAI 273 8/7 W7 14/7 KOTA
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      Page 37 Advertisements Column 2
      788 37 p P QUDAMQ PB4ANG P KS-ANO OCEAN VSL/VOY 9N SOU (1) RTM (2) HAM (3) QOT (4) 177 3/7 4/7 BB4ALOER 2262 7/7 24/7 26/7 27/7 29/7 E "lOTT 10/7 11/7 TOYAMA 2272 14/7 31/7 2/8 3/8 5/8 D 17/7 17/7 18/7 AROStA 2282 2V7 7/8 9/8 10/8 12/8 E
      788 words
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      Page 37 Advertisements Column 3
      303 37 NIGERIAN NATIONAL M SHIPPING LINE NIGERIA EXPRESS SERVICE MVCR BCPAN VJt WMOAfOWC 22 M ETA Lagos 18 Aug Port Harcourt 17 Aug Colobor It Aug ACCEPTMQ MULK AMD CONTAINERS I BSA° TRANSPORTATION MYANMA W FIVE STAR LINE (Myanmar National Line) Loadinf for Yangon (Rangoon) S pore P.KIg Pen P Gdf
      303 words
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      2329 40 Conventional Semi-Container Full Container Liner Services Liner Services m mm*** mi H ii.ii ZSmwmim Enterorise Co Ltd cm—i+mi mu*(WesiAiraoniy) 2Mstnftod 4/hmsm 2XSS/5T;*/ x fTTZ Tel:33/2441 (4lines) Tel: *****88 Qmm Comm* */<K*>7 MX7 2m/3* 7HI »AUm,Cmm+*Mi*mm fpTcLZmWW Fk *****51 F« *****16/*****66 S*W>ono2o7 SwwflS// EJS!S»/*MW SmWMOMH toe FRETERRS244/3 tot: RS ***** EVSTAR
      2,329 words
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      Page 40 Advertisements Column 2
      332 40 r= ia—an momm ffl min IS McCALLUM STREET #M-«1/«a NATWEST CENTRE Singapore tIOS Triw R*****0 Tel: 2ZSOBI-S Fax: XV «N. 227*198 FOB SOOMNM CALL OWECT UNE TEL: 2222»41/222»43 9M/JAK SERVICE VESSEL voy sin jak OSVUAT 9»9 08/07 (WED) 11/07 (SAT) PELOPOfI 1037 IN PORT 08/07 (MON) PHELUOE 907 04/07 (SAT)
      332 words
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      Page 41 Advertisements Column 1
      589 41 tit. FAMOUS CONTAINER LINES 10 ANSON RD. #15-21 INTERNATIONAL PLAZA, SPORE 0207 HOT LINE: *****33 (24 LINES) LIMASSOL/PIREAUS 5/7 ROTTERDAM 8/7 HAFA/ASHDOO/ALEXANDRIA 5/7 HAMBURG/BREMEN 5/7 MARSEILLE/FRANCE 577 FELIXSTOWE/UK 5/7 BARCELONA/SPAIN 5/7 LEHAVRE/ANTWERP 5/7 GENOA/ITALY 5/7 GOTHENBURG/SCANOINAVIA 5/7 LOS ANGELES/WC/PI 5/7 SYDNEY/MELBOURNE 4/7 NEW YORK/EC 5/7 FREMANTLE 6/7 VANCOUVER 577 BRISBANE/ADELABE
      589 words
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      Page 41 Advertisements Column 2
      772 41 CZa RICHFIELD MARINE ACERCIES (S) PTE LTD ■Jl TEL: *****33 (12 Lkwa) 35] FAX: *****15/*****03 TELEX: R8 ***** RISMP (3 LinM) ETHIOPIAN SHPPM6 LINES (National Lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL VESSEL I VOY ETA IKWWNO fO*~" SPOKE ABYOT 2»WB J*** OARESSALAAM MOMBASA ONBOUTI ASSAB MASSAWA NETSAMCT 27W8 KVOS
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      Page 41 Advertisements Column 3
      479 41 r~ Mini 1 111 JAKARTA BANGKOK QmHgBM WMMIMUIII I 14C J >4/17 07/07 MM ■MUM 31H W SPI Ml gg ■QUA 11 340 00/07 11/ey WAWTA BHUM WW SM 00/07 W/07 WWW HM I 1W I 11/07 14/«7 PITA BHUM*## 240* Mw 00/07 HM 09/07 muMM/Mnmyi i» as_JSE._S_.H2 J maha
      479 words
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      Page 41 Advertisements Column 4
      341 41 IKER-UftE VSL VOY SMGAPORE MADRAS SMGAPORE KSSa *0T SW MM SM TKER BROS 21 IN 04-05/07 11-13/17 10-10/07 Ttt* SIM 23* 01-09/07 IVI7/07 22-23/07 IBM SPEED 212 M 11 12/07 10-20/07 25-24/07 TKOt CREEK 24* IS-10/07 22-24/17 24-30/07 Mi VSL VOY SMGAPORE/CALCUTTA/SMGAPORE yessei HOY en TKU MO 152CN8 04-07/07 13-17/07
      341 words
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      1490 42 groupage I ~|\-/YV*|PfeNANG: (04) *****6 S4BU: (064) *****9 KUCHINGfc (082) *****3 w\/ V 'P.KELANQ: (03) *****77 JAKARTA: (21) *****32 SURABAYA; (31) *****0 PEN VI 3/7 5/7 Ldn/Fh/Rdm/Ant Colombo 3/7 4/7 5/7 5/7 6/7 7/7 (Tburf/CTiafon/STioln/Odo Durban/Ft Lowte 9/7 10/7 11/7 17/7 18/7 19/7 Pkaow/Gonoa/Trlwtt 9/7 10/7 11/7 Syd/M«t>/Bii HHH|||HW|X| 9/7
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      Page 42 Advertisements Column 2
      233 42 BLUE STAR LINE SINGAPORE TO AND FROM NEW ZEALAND AND PACIFIC ISLANDS i mi in HKKPECT lIS 1/7 21/7 23/7 f/l NZSTMVO&24 17/7 29/7 31/7 17/1 mm VIM 21/7 9/1 U/t 21/1 FULLY CONTAINERISED SAILINQB DISCHARGING AT AUCKLAND, LYTTELTON, ACCEPTING PCL L LCL FOR NEW PLYMOUTH, NAPIER, WELLINGTON, BLUFF, CHRISTCHURCH,
      233 words
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      Page 42 Advertisements Column 3
      1050 42 THONG SOON UNES PTE. LTD. I Ms 77 MMBON ROM) #15-01, #IC-M SM BUUNN6 SMGAPORE 01* TEL: 227SMS FAX NO: 227M11, *****22 TLX: RS ***** CMWER, RS ***** JENHOL CABI: TOSOCO SINGAPORE TO WEST MALAYSIA SINGAPORE TO WEST MALAYSIA msa \m lira lur xml tit vm p. mm KM SOON
      1,050 words
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      803 43 Rio I «r W-v COMPANIA PERUANA TCQt DE VAPOREB "PERUVIAN STATE LINE" ACCEPTMG BREAK BU.K/FCL/SOC CARGOES TO/FROM CALLAO, MAT A* AM, 10* 4 OTHER PERUVIAN PORTS* WITH T/S AT KOBE ON CPV THROUGH Btl OF LAOMG. W?\ "EVERETT ORIENT LINE" JAPAN/BAY OF BENGAL/JAPAN SERVICE ACCEPTMG BREAKBULK/SOC CARGOES TO/FROM KOBE, YOKOHAMA.
      803 words
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      Page 43 Advertisements Column 2
      532 43 m zim ILMMm/CMMKO StlffltES Accap«i| C4rf> tr. ISA Mm* BHtwO—. Cm*. Vi II *1. PMrti Mca. Babadn. TiMM. Him fmmt Mm act** 40W k Iftaa art kp«. AUSTRALIA SERVICES vessel wi m I sip liu mm sum M BARCELONA 234 C 19/07 00/00 13/00 11/00 27/00 AM mm UK 29/07
      532 words
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      Page 43 Advertisements Column 3
      636 43 fyS* HLTMNK SHPPMG HI in MIDDLE-EAST/PERSIAN GULF accepting pcl/lcl OU6AI. OAMMAN. SHARIAH. DOHA MUSCAT. BAHRAM. ABU OHABI. BANDAR ABBAS IEOOAH FAR EAST Acccrrmo fcl/lcl PENANG. P/KEIANG. JAKARTA. BANGKOK. HONG KONG. TAIWAN. JAPAN. MANILA KOREA UK/EUROPE ACCEPTING FCL/LCL LONDON. FELIXSTOWE. LEEDS. TILBURY ABERDEEN. LE HARVE. HAMBURG. ROTTERDAM ANTWEP, GOTHENBURG. COPENHAGEN t
      636 words
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      Page 43 Advertisements Column 4
      437 43 MONTHLY MtiCT CWTMKISEMKI SIN TO ALGERIA ALSO CALLm MARSEH.LE/LASPEZIA VSL FREITAL ETA SM 29 JUL TWICE WEEKLY CONTAMER SERVICE SIN/MADRAS/SIN WITH TRARSNVMEHT TO: ASEAN ASSTR ALIA /F AR EAST/IKDITERRANEAR/EUROfE WEEKLY CONVENTIONAL SERVICE SIN TO CHINA WEEKLY CONVENTIONAL SERVICE MADRAS/COLOMBO/ BOMBAY/KARACHI WEEKLY CONVENTIONAL SERVICE EAST AFRICA/RED SEA/ MEDITERRANEAN CAMO BOOKING LUCKY
      437 words
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      Page 43 Advertisements Column 5
      414 43 mm m FW EAST 7/7 KEELUNG/KAOHSIUNG 6/7 BANGKOK 10/7 MANILA/CEBU 5/7 JAKARTA/BELAWAN/SURABAYA 5/7 PORT KELANG/PENANG/E. Malaysia 6/7 BUSAN 5/7 TOKYO/YOKO/KOBE/NGO/OSA 10/7 HONG KONG SIN CHINA 10/7 GUANGZHOU/HUANGPU/SHENZHEN FUZHOU/XIAMEN/SHANTOU DALIAN/SHANGHAI/XINGANG TIANJIN/QINGDAO/HAIKOU also accepting LCL cargo sin imn/w 11/7 LDN/FLX/LVP/SOU 11/7 RDM/HAM/ANT/LE HAVRE/GENOA/OSLO also accepting cargo to Austria/ Hungary Roumama /Poland /Bulgaria/Czech.
      414 words
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      Page 44 Advertisements Column 1
      718 44 SJT FIL CONTAINER SERVICES PTE LTD lf w-tum ygl WH/MftftWAf VK WM/CALCUTT* "si m ii aa c* WT IVMUIKi 1142/17 0049/07 IJ-11/07 WT IHUU 01-02/07 07-11/07 17U/97 M4S/I7 U-11/17 11-11/17 «M«/i7 IMO/I7 22-23/17 •Ml/17 IS 11/17 21-22/17 M-11/07 17-21/17 Z7-M/07 11-12/17 im/B 2S-2t/>7 BANGKOK BUM! H0 0 VSL BIH/B ANQK
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      Page 44 Advertisements Column 2
      383 44 Eontermf CONTERM FREIGHT (F.E.) PTE LTD. GUARANTEED WEEKLY CONSOLIDATION TOUR FIRST CHOICE TO:— AUCKLAND 9 JULY ACCEPTING TO ALL PORTS IN NEW ZEALAND BANGKOK 12 JULY JAKARTA 8 JULY PENANG 6 JULY POUT KELAWG 9 JULY 9 JUL^^I MELBOURNE 13 JULY SYDNEY 13 JULY FELIXSTOWE 11 JULY HAMBURG 11 JULY
      383 words
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      Page 44 Advertisements Column 3
      477 44 Next Week's Sailings ETD To: ETD Singapore Singapore Rotterdam Bangkok 12/07/92 Antwerp 11/07/92 Los Angeles Manila 10/07/92 (Onforwarding To Mid West/ 12/07/92 Colombo 10/07/92 East of 1 UoA) Singapore Tel: 778 6522 tffl. Fax: *****38 jfgtk Johore Tel: 07-*****8 £llfiS Fax: 07-*****3 Alfred Ng mdASr-rSASAT f INCHCAPE SHIPPING SERVICES (S)
      477 words
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      Page 44 Advertisements Column 4
      429 44 FCL/LCL SERVICES MANILA ETA SHE KG CAI 2NB 3/7 VIGOUR SINGAPORE 30NB 10/7 BANGKOK 1/7 11/7 BUSAN 6/7 13/7 HONGKONG 1/7 3/7 USA. 6/7 13/7 PT LOUS/DURBAN 9/7 24/7 KEELUNC 6/7 13/7 PT KELANG 3/7 7/7 OSAKA 3/7 10/7 PIRAEUS 4/7 11/7 KOBE 3/7 10/7 JAKARTA 3/7 7/7 DUBAI 2/7
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      10 45 Don't miss Personal Finance Investment in Business Times every Saturday
      10 words
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      Page 45 Advertisements Column 2
      100 45 V u VlillteU WEEKLY LCL CONSOLIDATION SERVICES TO EUROPE PORTS WITH CONNECTION TO MORE THAN 206 INLAND POINTS. AUSTRIA HUNGARY RUSSIA BELGIUM IRELAND SWITZERLAND BULGARIA ITALY SPAIN DENMARK NORWAY SWEDEN FINLAND NETHERLANDS TURKEY FRANCE PORTUGAL TECHECHOSLOVAKIA GREECE POLAND UNITED KINGDOM GERMANY ROMANIA YUGOSLAVIA MAKE YOUR ENQUIRIES TODAY HOT LINE 273-0466
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  • Page 45 Miscellaneous
    • Miscellaneous
      Page 45 Miscellaneous Column 1
      430 45 TIDES AND WEATHER TODAY'S TOES (heigtit in metres) HMMMIMttMIJMMamiNMOTnNNMIIIIIIIMiaiIJMMNUMIM 17N UN 19N 2M MM 22M 29M 14 11 2.6 2.0 1.3 0 7 0.4 03 03 06 12 1.9 2.3 2.5 2.5 22 1.7 12 0.9 0.9 U 1.5 2.2 2.9 Pf 12 30 2.6 19 12 07 0.3 0.1
      430 words
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      Page 46 Advertisements Column 1
      395 46 Wfek LIAN HUAT SHIPPING CO (PTE) LTD. I 10 Anson Road, #14-19/21 International Plaza, Singapore 0207. Tel: *****11 (16 lines) Fax: *****94 Tlx: RS ***** AB LENHUAT Daily receiving cargo at Pasir Panjang Terminal PT4 Tel: *****97 NEW ROUTE TO MTANMAR (TANGON) FULLY CONTAINERISED SERVICE VESSEL ETA ETD DESTINATION SINZHONG
      395 words
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      Page 46 Advertisements Column 2
      364 46 Find out how sellers are reaching out to buyers in Advertising and Marketing. Every Thursday in Business Times. iLcosco UKC COHVPmOWAI BgWVICt VESSEL PKL PNG P.O. LOADING FOR: A VESSEL 28/06 Rotterdam/Antwerp CWNA COWVEWTTOWAL tCWVICt VESSEL PKL PNG P.O. LOAOINO FOR: 04NG RONO 12/07 Guangzhou/Huangpu EXPORT TO: CMMA/BANOKOK/NONQKOMQ EUROPE/CONTINENTAL WEST
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      Page 46 Advertisements Column 3
      362 46 Service to If For more information' Competitive rates ant reliable ttrottA I COBCOrUimLT, Call Our Customer Service At Te1i227«4788. SKH DISTRIPARK PTE LTD 77 Robinson Rood #16-02 StA Building, Slngspors 0106 SinoMMfw Tat *****79 Fax: *****82 The RS *****SKHNVO johoreßaru Tst 07-*****8 Fax:o7-*****2 Port Klang Tst 03-*****33 Fax: 03-*****81 SMS
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      1070 47 ▲HYUNDAI MERCHANT MARINE CO. LTD. feeder pacific south-west service m* wt* war ar to us* vot mo uh m pal/hou ch sui wrc 30/06 24/06 20/00 03/07 H. RONEER 50C 10/07 27/07 30/07 30/07 31/07 31/07 02/00 07/07 01/07 03/07 10/07 H. FtOtfTO 501 17/07 03/00 00/00 00/00 07/00 07/00
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      Page 47 Advertisements Column 2
      417 47 W77wmrmmrmrmwnmwwni STRAITS/ JAPAN/ STRAITS SERVICE I SPECIALIST M RO-RO A HEAVY UFTS I mmnms I mm m w n uc h I UK MKM 24 U I Mill MM I 1/7 1/7 I ■con I 1/7 11/7 I IMS «n M M/ 7 Jt/1 M 11/7 I OMTBOUMO VESSELS I
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      Page 47 Advertisements Column 3
      744 47 ISTME In not NMM MM (EN •Mm AcopMi Cap F* WMM OWPS 17/ m V 7 22/7 N/7 27/7 2V7 IHMMi ta4MmMMKOM*MMM IM 1.14/127 1/7 «/7 1/1 a/7 17/1 kdIMHMNMMMk IHMD *12/127 12/7 a/7 1/1 1/14/1 WMa :bdMiKMMMMMM I HOSEI *14/121 |IV7 I a/7 a/14/1 VI MMapMa :M M M
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      Page 47 Advertisements Column 4
      131 47 tINTANfi MAS SHIPPING PTE. LTD. 39 NEB. ROAD SINGAPORE 0208 TEL: *****88 TLX: R*****5 SMMER < FAX: *****64 -5 ■■ngViVTVn^RT337!nKKV!RrT^I'' WTW ITT IMTTiH WW— inn -< team mn» j» CMO n« KSWMIWB maim «un vis u-m m k-m m h* mm. m* mcurr nm. ni i7-e« m m i*-». nan
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      79 48 PER^OTPHNance INVESTMENT Every Saturday in Business Times s». ■->-->,3 I v-: V; V,4:-.- 1 I -s 1 u.mt. -.I A: fe• J 5 j I SOME OF OUR TOP TALENTS ARE OVERSEAS. BRING THEM HOME. A paper subscribed by Singaporeans abroad. Hie local pool Is limited. So look iadc Won*
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      Page 48 Advertisements Column 2
      48 48 PERSONAL FINANCE INVESTMENT Every Saturday in Business Times OUTRIGHT PURCHASE OF ONE(l) OCEAN GOING All STEEL TUG BOAT 450 HP TO BE CLASSED, ANDONE FLATTOP BARGE OF 550GRT DIMENSION 150 x 50 x 10 FT. PLEASE REPLY TO FAX (65) 270-6072 IMMEDIATELY WITH FUU SPECIFICATIONS/PRICE DELIVERY EX SINGAPORE.
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