The Business Times, 9 September 1992

Microfilm: NL18501
Total Pages: 52
1 52 The Business Times
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  • Title Section
    Masthead
    16 1 Business Times MITA (P) 35/12/91 Wednesday, September 9, 1992 THE BUSINESS PAPER FOR S-E ASIA 75*
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  • NEWS SUMMARY
    • Article
      Official held after Korean police storm opposition HQ
      73 1 SEOUL Some 500 police yesterday stormed the headquarters of the main opposition party here and detained a former government official who had alleged irregularities in the March general elections, witnesses said. Top Democratic Party (DP) official Kim Dae Sung said former Yongi
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    • Article
      Plan for Taiwan's seventh naphtha cracker
      47 1 TAIPEI A group of Taiwanese petrochemical companies tentatively plans to invest about NTS9O billion (US$5.6 billion) to build the island's seventh naphtha cracker. An official of Ho Tung Chemical Corp said yesterday that 17 companies took part in evaluating the project.
      47 words
    • Article
      Communism fears
      34 1 INDONESIANS' deep-rooted fears of Chinese communism sparked off concern over the import of several hundred technicians from China to work on two Indonesian power stations, said the country's Defence Minister Page 2
      34 words
    • Article
      Contractors' rating plan
      34 1 THE Singapore Contractors Association Ltd is proposing a rating system for its soon-to-be-implemented list of recommended trade subcontractors. Tlie move is aimed at improving the quality of subcontracting work Page 2
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    • Article
      Opening up
      29 1 THAILAND has taken a major step to open up the financial sector by allowing domestic and foreign banks to operate offshore banking services in Bangkok Page 2
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    • Article
      Indon bank policy
      35 1 FOREIGN financial institutions are welcomed to compete with local banks under Indonesia's deregulation policy. But, says Bank Indonesia managing director Binhadi, they can only do so by forming joint-venture companies Page 3
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    • Article
      Unshared optimism
      22 1 ECONOMISTS do not share President George Bush's and Democratic challenger Bill Clinton's optimism about solving US economic woes. Page 10
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    • Article
      $97m cranes contract
      32 1 THE Port of Singapore Authority (PSA), in its continuing efforts to upgrade the port facilities, has awarded a $97.5 million cranes contract to two companies. Shipping Times Page 1
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  • MARKETS SUMMARY
    • Article
      Dow lower
      27 1 WALL STREET opened lower yesterday, with the Dow Jones index of leading industrials slipping 7.31 points to 3,274.62 in the first five minutes of trading.
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    • Article
      Footsie lower
      43 1 LONDON share prices dipped in midday trading yesterday as sterling came under pressure. At 1125 GMT, the FTSE index of 100 leading shares was down 9.3 points on the day before at 2,262.9, having earlier shown a gain of 12 points.
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    • Article
      Aetna's profit up 37pc
      45 1 GROUP earnings at electronics group Acma Ltd rose by 37 per cent to $6.01 million for the six months ended June 30, 1992. The better earnings were boosted by overseas operations, especially in Eastern Europe, Malaysia and New Zealand Page 4
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    • Article
      Snag for Singatronics
      39 1 A FAILED deal with Momenta of US caused a $6.07 million setback for Singatronics. The company will take corrective measures to cut losses and will invest in new businesses such as toys and property Page 4
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    • Article
      Summa Bank rescue
      33 1 PT Pan Indonesia Bank (Panin Bank) is emphasising effective supervision and efficient banking practices in its rescue plan for financially-troubled PT Bank Summa, said executive vice-president Mu'min Ali Page 4
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    • Article, Illustration
      STOCK INDICES
      29 1 Tuesday Change BT-MGA 663.11 4 2.87 Kuala Lumpur 586.61 1.77 Tokyo 18,282.42 -157.76 Hongkong ..5,700.59 36.18 Sydney ....1,501.8 -13.1 Monday Change New York closed London 2,372.2 10.0
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    • Article
      CURRENCIES
      23 1 Eachufi rates us$ S$ 1.5940 100 Yen SS 1.2907 MS SS 0.6394 Mowy market rates Overnight 7/8 1/8 3-month 1 11/16% -3/16
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    • Article
      COMMODITIES
      38 1 London Gold AM fix US$341.90 USS-1.35 RuMmr S'pore Oct M'sia Oct. 137.25'/kg 216.00*/kg 1.25 +0.50 KL Tin Turnover. Spot 36tonnes MS 16. SO/kg +2 -0.05 Crude pal Turnover. Sep m oH 602 lots MS864 /tonne -510 •1
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  • Article
    Fare wars force airline cartel to relax price-fixing
    608 1  -  More price cuts soon on Singapore-London route By Rahita Elias SINGAPORE The intense fare wars among airlines have forced a 20-member airline cartel led by Singapore Airlines to loosen its fare-setting policies and set the stage for further fare reductions. Instead, the
    608 words
  • Article
    Apec secretariat: it's now either S'pore or Bangkok
    387 1  -  From Loh Hui Yin in BANGKOK A DECISION on who will get to host the secretariat of the Asia-Pacific Economic Cooperation (Apcc) forum is likely to be made by today when two "honest brokers" complete their soundings among fellow members on their
    387 words
  • Article
    Manila courts S'pore in ambitious bid for US$6b in investment
    448 1  -  From S N Vasuki in MANILA THE RAMOS administration has set an ambitious target of attracting at least US$6 billion (559.56 billion) in direct foreign investment over the next two years with Japan, Taiwan and Singapore as the "primary target"
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  • Article
    Lock icon KL enforces new rules for time-share schemes
    117 1 Bernama KUALA LUMPUR Operators and developers of time-sharing schemes, golf and recreational clubs will have to comply with the new guidelines set by the Malaysian Registrar of Companies (ROC) by the end of the year. Domestic Trade and Consumer Affairs Minister Abu Hassan
    Bernama  -  117 words
  • Article
    Bigger AIT scheme taps into booming regional trade
    294 1  -  By Schutz Lee SINGAPORE To gain more from the booming regional trade in manufactured goods, the government has extended the Approved International Trader (AIT) scheme to cover a wider range of manufactured products. The scheme now also covers: processed food and beverages;
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  • Article
    Anand makes strong bid to get Afta going with Friday meeting
    268 1  -  From Loh Hui Yin in BANGKOK IN WHAT is seen as a sign of his determination to make sure the Asean Free Trade Area gets going next year, outgoing Thai Prime Minister Anand Panyarachun has called the first meeting
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  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      215 1 1 Q) CX i ±Llii U j Official Typewriter Sponsor of the 1992 Olympic Gamas Aircraft Schedule 31 KLSE 23 TV Radio 18 Commodities 30 Law 15 Unrt Trusts 22 Company News 4-6 Money Changer Rates 31 Weather 31 Crypbc Crossword 31 Money Market 29 World News 10,11 Edrtonal 12
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      Page 1 Advertisements Column 2
      12 1 Hock Lack Siew: Rights offer new start for Tuan Sing, Pg 4
      12 words
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      Page 1 Advertisements Column 3
      87 1 Share law A SHAREHOLDER is only entitled to his share of the assets of a company upon liquidation legally, he has no right to anything as long as the company is a going concern. Walter Woon reports, on The Law Page. See Page IS MONTI CELLO! The only letter that
      87 words
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      Page 1 Advertisements Column 4
      37 1 We're in the business to equip you with the best equipment. AS Anand Panyarachun's second government comes to an end with this Sunday's Thai elections, BT looks at what he has achieved in the past four months.
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  • PAGE 2 NEWS
    • SINGAPORE ROUNDUP
      • Article
        China patent exhibition draws US$3m in orders
        65 2 .THE China Patent and Innovation Products Exhibition, held ;4ast month, drew US$3.l million (SsSs4.92 million) in orders 'for products ranging from medicine and skincare products to and computer software. The event also saw potential orders of US$67 million and attracted US$2OO,OOO in Joint-venture
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      • Article
        New US ambassador to S'pore
        69 2 THE new US ambassador to Singapore arrives on Sunday. Jon Huntsman, a former Deputy Assistant Secretary of Commerce for East Asia and Pacific, replaces Robert Orr as envoy. Mr Huntsman, 32, spent three years living in Taiwan and speaks Mandarin. Before his Singapore appointment, he
        69 words
      • Article
        Bidding through POSBankers
        41 2 THE electronic bidding system for vehicle Certificates of Entitlement has been expanded to include Posßank. Unlike the Big Four Banks, which offer electronic bidding through their ATMs, POSBank will make use of its 10 POSBankers self-service inter-active terminals.
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      • Article
        Student town planners for island
        60 2 ABOUT 100 secondary and junior college students are trying their hand at town planning for an island to be reclaimed off the east coast in the next century. The island, twice the size of Sentosa, is a subject in a town planning competition organised by
        60 words
    • Article
      Lock icon Cabinet accepts KL mayor's resignation
      210 2 Bernama KUALA LUMPUR The Malaysian Cabinet has accepted Tan Sri Elyas Omar's resignation as mayor of Kuala Prime Minister Mahathir Mohamad said yestefday. Mr Elyas' resignation will ..take effect from Sep 17 as »stated in his statement issued qn.Sep 1. Dr Mahathir said -the 1
      Bernama  -  210 words
    • Article, Illustration
      Indonesians still fearful of communism: Murdani
      416 2  -  Minister explains uproar over import of Chinese technicians From Maggie Ford in JAKARTA THE PUBLIC'S deep-rooted fear of communism was responsible for the furore over the import of hundreds of power-station technicians from China, according to Indonesian Defence Minister Benny Murdani. In testimony to
      416 words
    • Article
      Rating system proposed to raise standard of subcontracting work
      385 2  -  By Colin Tan SINGAPORE The Singapore Contractors Association Ltd (Seal) has proposed a rating system to improve the quality of subcontracting work. The system, to be used in conjunction with Seal's soon-to-be-introduced list of recommended subcontractors, will grade operators according to
      385 words
    • Article, Illustration
      Australian engineering consultants on expansion trail
      423 2  -  By Helen Chang SINGAPORE A leading engineering consultancy firm plans a major expansion programme across Asia from Pakistan to South China. The Bylander Meinhardt Partnership, an Australiabased company which worked on Singapore's Mass Rapid Transit system and the Central Expressway, is banking on its
      423 words
    • Article
      Lock icon Thailand offers tax incentives for offshore banking
      456 3 Up to 20 permits to be granted in first 2 years Reuter, AP BANGKOK Thailand's government has taken a major step to open up the financial sector by allowing domestic and foreign banks to operate offshore services in the country. Assistant central bank
      Reuter,; AP  -  456 words
    • Article
      Saudi oil giant sets up office in Singapore
      244 3  -  By Lilian Ang SINGAPORE Saudi Basic Industries Corporation (Sabic), a Saudi governmentbacked conglomerate which helped the country industrialise through the use of its oil and gas resources, has set up shop in Singapore. The new office, which began operations on Sep 1,
      244 words
    • Article, Illustration
      Indon banks welcome foreign joint ventures
      480 3  -  Interview with Bank Indonesia managing director By Shoeb Kagda SINGAPORE There is room for more foreign firms in Indonesia's financial sector, but only through joint ventures, says the managing director of the country's central bank. Bank Indonesia boss Binhadi told BT yesterday that foreign
      480 words
    • Article
      Watson's plans to open 30 stores across the Causeway
      281 3  -  By Kooi Cho Teng SINGAPORE The Watson's chain plans to expand aggressively into Malaysia by opening 30 stores throughout the peninsula within the next year. It was currently negotiating with a listed Malaysian company for a possible joint venture, Dennis Casey,
      281 words
    • Article, Illustration
      Lock icon S'pore interbank rates continue to sink
      296 3  -  By Quak Hiang Whai SINGAPORE Faccd with massive liquidity and a shrinking US dollar, Singapore interbank rates sank further this week, fuelling market speculation that another round of prime interest rate cuts is on the way. Bankers and analysts said there was still room
      Source: MAS stats, dealers' reports  -  296 words
    • Article
      Lock icon M'sian banks losing more money to fraud
      155 3 AFP KUALA LUMPUR Malaysia's banking system is becoming more vulnerable to fraud, with criminals penetrating financial institutions and government agencies to plan their heists, according to officials yesterday. This resulted in about Ms 2 billion (about SSI3 billion) skimmed off banks in the
      AFP  -  155 words
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      Page 2 Advertisements Column 1
      121 2 Change of name. 'M >"• v ■■■:>• v NMB Bank >s has changed its v name worldwide to ING Bank. Throughout the world, NMB Bank has changed its name. In all the countries in which we operate, including Singapore, we are now ING Bank in full, Internationale Nederlanden Bank. Our
      121 words
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      150 3 PERTH CITY CENTRE'S BUSIEST CORNER i MmAum. 726 HAY STREET MALL PERTH, WESTERN AUSTRALIA Hard to find a higher profile property in Perth than this! A character 6 level building overlooking one of the city's heaviest pedestrian and vehicle traffic corners, and with frontage to the city's primary mall. 500
      150 words
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      Page 3 Advertisements Column 2
      159 3 The 1881 Collection s^^BpK i L^Hf1' s J^B4s^PsuP r -^"^w.. fli J- iv)¥" v v v -I Perpetual Ref. 40 B3 881 3/732 The result of decades of Movado's technological ingenuity. The variety of models in the 1881 Collection offer a wide range of choice, in yellow or pink 18
      159 words
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  • COMPANY NEWS 1
    • COMPANY BRIEFS
      • Article
        Sun Corp gives details of Mandai land sale
        69 4 SINGAPORE Sun Corporation Ltd has disclosed further details on the sale of some of its freehold land at Mandai Estate in response to queries from the Stock Exchange of Singapore. Sun Corp said the 17,057 sq m property was valued at $18.3
        69 words
      • Article
        LKN explains performance
        59 4 SINGAPORE Construction group Lim Kah Ngam Ltd said its decline in turnover for the half-year ended in June was due mainly to lower turnover from the property development sector. But the sector's profit margin contribution has improved. LKN's half-time earnings rose 14 per cent to $4.08 million,
        59 words
      • Article
        Pan M'sia defends share purchase
        53 4 KUALA LUMPUR Pan Malaysia Cement Works Bhd said its acquisition of 145,000 shares in New USA Corporation did not require the approval of any government authority. Replying to the Kuala Lumpur Stock Exchange, it said the whole consideration sum had been paid following the execution
        53 words
      • Article
        MPHB replies to KLSE query
        45 4 KUALA LUMPUR Multi-Purpose Holdings Bhd said it was unaware of any reason for the substantial turnover of the company's shares on the Kuala Lumpur Stock Exchange. Replying to a KLSE query, it said there was no material information pending announcement.
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      • Article
        Omega pre-tax profit down 7pc
        58 4 KUALA LUMPUR Omega Holdings Bhd's group operating pre-tax profit declined 7 per cent to M 511.30 million (557.22 million) for the year ended June 30, 1992 from MJ12.14 million previously. Group operating revenue also dropped 13 per cent to M 527.06 million from M$ 30.99
        58 words
    • Article
      Singatronics results hit by failed California deal
      373 4  -  Results of electronics-related companies $6m lost in US project; firm to diversify into toys and property By Claire Leow SINGAPORE Singatronics lost $6.07 million when a high-tech deal with a Californian start-up fell through recently, hurting its interim results. The company has taken
      373 words
    • Article
      Seel's profit drops 17pc to $2m
      279 4  -  By Teh Hooi Ling SINGAPORE Singapore Electronics Engineering Ltd (Seel), a subsidiary of Singapore Technologies Industrial Corporation, reported that interim net earnings dropped 17 per cent to 52.09 million from a year ago. The company said that its results were affected by the loss
      279 words
    • Article
      Acma's interim earnings boosted by overseas operations
      362 4  -  By William Chia SINGAPORE Acma Ltd has relied on the better performance of its overseas operations, especially in Eastern Europe, Malaysia and New Zealand, to boost its group interim earnings. Acma, which released its unaudited interim results yesterday, said that group earnings rose
      362 words
    • Article
      Rights issue offers fresh start for Tuan Sing
      799 4  -  THE HOCK LOCK SIEW COLUMN By Amy Balan SINGAPORE Phenomenal gains can be made when one starts from a small base. Take Tuan Sing as an example. On Friday, a day after the property and manufacturing company announced a rights and warrants
      799 words
    • Article
      CPL paid 10pc above market price for Aussie property
      251 4 SINGAPORE The A 525.5 million (S$29J2 million) paid by Centrepoint Properties Ltd (CPL) for an Australian commercial complex was 10 per cent higher than what was assessed to be the property's open market price, CPL said yesterday. Responding to queries from
      251 words
    • Article
      Lock icon Green light for DCM-RHB unit trust fund
      160 4 Bernama KUALA LUMPUR DCM-RHB Unit Trust Management Bhd has received the approval of the Capital Issues Committee, Bank Negara Malaysia and the Registrar of Companies for the setting up of its first unit trust fund in Malaysia. The fund, to be launched next
      Bernama  -  160 words
    • Article, Illustration
      Robinsons doubles investment in fixed income instruments
      357 4  -  By Lilian Ang SINGAPORE Cash-rich retailer Robinson Company invested $87.77 million in fixed income instruments in the year ended June 30, more than double the $37.15 million that it put in these instruments the year before. The move, which has essentially reduced the
      357 words
    • Article
      Lock icon Lum Chang and EYS to sell stake in M'sian golf club
      388 4 Bernama KUALA LUMPUR Sin-gapore-based Lum Chang Holdings Ltd and Eu Yan Sang Holdings Ltd will jointly sell a 50 per cent stake in Kuala Lumpur Golf Country Club Sdn Bhd (KLGCC) to bumiputra parties after the club's completion, Lum
      Bernama  -  388 words
    • Article, Illustration
      Panin has two-track rescue plan for Bank Summa
      534 5  -  Focus on effective supervision and efficient banking practices From William Chia p in JAKARTA i LASTED PT Pan Indonesia Bank (Panin Bank), which wbfc brought in to revive the fihancially-troubled P T Bank Summa, is emphasising effective supervision and efficient banking practices
      534 words
    • Article
      Thailand's Rayong Copper seeks US$333m to fund copper smelter
      396 5  -  By Dawn Tan SINGAPORE Thailand's new multinational copper concern, Rayong Copper Industry Co, wants to raise US$333 million (*****.4 million) to finance the country's first major copper smelting works. 1 The new joint-venture company plans to use the funds to build
      396 words
    • Article
      Lock icon Asset sales seen boosting BTR Nylex
      417 5 Analysts see sell-off adding up to 37pc to interim profit Reuter SYDNEY Asset sales and cost-cutting will help boost half-year net profit at Australia's largest pure industrial group, BTR Nylex Ltd, by up to 37 per cent, analysts predicted. Forecasts of net profit before
      Reuter  -  417 words
    • Article
      Lock icon Hopewell beats forecasts with 126pc profit rise
      357 5 Reuter HONGKONG Hopewell Holdings, the property and construction group of Hongkong entrepreneur Gordon Wu, announced a 126 per cent increase in profits yesterday, well above all but the most optimistic forecasts. Hopewell, which has launched a number of highlypublicised infrastructure projects in booming
      Reuter  -  357 words
    • COMPANY BRIEFS
      • Article
        Wharf Holdings seeking HK$2.2b loan
        92 5 HONGKONG A HKS2.2 billion (Ss4so million) loan for Wharf (Holdings) Ltd, partly for its local Gateway office tower project, is being placed in the market, following completion of underwriting arrangements, bankers said yesterday. The loan with Wardley Capital Ltd as coordinating arranger comprises two parts
        92 words
      • Article
        Korean firms press on in Libya
        78 5 SEOUL South Korean construction companies in Libya are forging ahead with their multi-billion-dollar projects, in spite of having their costs driven up by a United Nations-im-posed air embargo on the North African country. Ahn II Sup, director of the overseas projects division at Dong-Ah
        78 words
      • Article
        Fujitsu likely to cut spending
        87 5 TOKYO Fujitsu Ltd is likely to cut capital spending by more than 20 per cent this fiscal year and restructure its factory management to increase the efficiency of its chip production, a Fujitsu spokeswoman said yesterday. The company is suffering from weak chip demand, and
        87 words
      • Article
        Hunan firm starts HK project
        53 5 HONGKONG A Chinese company has launched a HK$7OO million (S$ 144.2 million) office building project in Hongkong. Hongkong-based Hunan Sunshine Holdings Ltd, funded by the Hunan provincial government, said yesterday that the 38-storey building would be constructed on a site of 10,000 sq ft in
        53 words
    • Article
      Lock icon ASC chief, public prosecutor in war of words
      333 5 Reuter SYDNEY Australia's corporate watchdog is embroiled in a public brawl with the country's top prosecutor over its record of bringing white collar criminals to justice. Australian Securities Commission (ASC) chairman Tony Hartnell was yesterday forced to defend his organisation against claims
      Reuter  -  333 words
    • COMPANY BRIEFS
      • Article
        Canadian firms still in the doldrums
        52 6 TORONTO Canada's corporate giants offered little hope of economic recovery anytime soon with their recently released second-quarter earnings, analysts said. Economists said that while cyclical sectors like mining and forestry rebounded slightly in the quarter, sectors dependent on buoyant consumer spending were still deep
        52 words
      • Article
        Fisons posts 57pc fall in profits
        64 6 LONDON The Fisons pharmaceutical group reported a 57 per cent fall in pre-tax interim profits to £40.4 million (SSI2B million) yesterday, down from £95.2 million one year earlier. The result was slightly higher than had been expected by analysts who had forecast profits of
        64 words
      • Article, Illustration
        Indian stocks making comeback
        48 6 BOMBAY Indian stocks have staged a tentative recovery since crashing in India's worst financial scandal. Buoyancy is once again discernible in the Bombay Stock Exchange if the recent in share prices is any indication. On Monday, the Bombay Index soared 60.42 points to 3,226.52.
        48 words
      • Article
        Accor sees lower profits
        66 6 PARIS French hotels group Accor expects its net attributable profit this year to be around 800 million francs (***** million), down from the 948.6 million recorded in 1991, co-chairman Paul Dubrule said. "We are revising our profit forecast down to around 800 million francs," he told
        66 words
      • Article
        Maxwell to sell Nimbus stake
        76 6 LONDON Court-appointed officials running Maxwell Communication Corp pic have agreed to the sale of the media group's 75 per cent stake in compact disc maker Nimbus Records to a unit of American investment bank Donaldson Lufkin Jenrette (DLJ). Administrators from accounting firm Price Waterhouse have
        76 words
    • Article
      Lock icon Japanese car industry crosses keiretsu barriers
      568 6 Parts makers supplying to rival firms AP TOKYO The economic slowdown is beginning to chip away at the tightly knit groupings of companies known as keiretsu, long a pillar of Japan's phenomenal business success. The trend is most obvious in the car industry, where
      AP  -  568 words
    • Article
      Lock icon Vickers loses out on Swedish tank deal
      284 6 Britain refuses to release prototype for field trials: paper Reuter LONDON Engineering company Vickers pic has apparently lost out on a £1 billion (553.2 billion) deal to export Challenger 2 tanks to Sweden, the Financial Times said on Monday. The newspaper quoted Vickers
      Reuter  -  284 words
    • Article
      Lock icon Merck to market lower-priced generic drugs
      488 6 NYT NEW YORK An announcement by Merck Co that it would market lowerpriced generic versions of its products signals that even the world's most powerful drug companies cannot ignore the possibility of sharp revenue declines when important drugs lose patent protection. Merck said last
      NYT  -  488 words
    • Article
      Lock icon S Africa's Sasol to begin 3 projects worth 670m rand
      381 6 Reuter JOHANNESBURG South African chemical giant Sasol has announced the go-ahead for three projects worth 670 million rand (551.15 billion), bringing the value of jobs approved and not yet commissioned to 3.5 billion rand. "Still under consideration are new investments
      Reuter  -  381 words
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      208 4 I IN THE MARKET PAGES I S'pore stocks close firmer 20 KLSE ends on mixed note 23 •HK turnover at year's low 26 'v THE SINGAPORE ASSOCIATION OF THE INSTITUTE OF CHARTERED SECRETARIES AND ADMINISTRATORS 'MANAGING THE CHANGING CORPORATE ENVIRONMENT' 23 SEPTEMBER 1992 DYNASTY BALLROOM DYNASTY HOTEL KEYNOTE SPEAKER: MR
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  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      75 5 AN EVEN BETTER INVESTMENT prime location Net $1,000,000 per annum Significant taxation benefits V Offered for by Public Auction under V the Mortgagee's instructions, 12 noon, Wednesday Adfl 7th October 1992. For more information Mr John Thomas Perth, Western Australia Mr John Tso Tel: 852 9266 Hong Kong Mr Greg
      75 words
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      Page 5 Advertisements Column 2
      23 5 Our latest model reflects f ~j. THE 1 8 5 6 STATE OF THE ART. t Handmade s§nce t; GOLD///PFEII Q < i Q
      23 words
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      Page 6 Advertisements Column 1
      192 6 SOUTH AUSTRALIA'S MOST PROMINENT RETAIL CORNER. I JM IL H 66 70 Rundle Mall, Adelaide, South Australia Total retail area of approx 1756 sqm with 7 floors of offices $1.7 m (net) income p.a. (approx) Substantially leased to major Australian retailers. For sale by International Tender. Gose of tender Friday
      192 words
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      Page 6 Advertisements Column 2
      60 6 [NEW ZEALAND! .Commercial Property, i Investment 1 J Retail shopping block with warehouse and J 35 carpark spaces located on main Apirana J Avenue, Glen Innes, Auckland Freehold land 26,000 sq ft with 21 Oft frontage j j Approx. net lettable area 28,600 sq ft I I Current rental yielding
      60 words
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      Page 6 Advertisements Column 3
      190 6 live like A King Without Paying A King's Ransom. We arc talking about king comforts at Holiday Inn. You have friends to take care of your business needs and a personal safe deposit box in every room to safeguard your important business documents. C)ur business centres ensure that your business
      190 words
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  • FINANCIAL NEWS
    • Article, Illustration
      Lock icon Simex turnover soars 104 per cent
      405 7  -  Eurodollar futures trading dominated action in first eight months of this year By Soh Tiang Keng SINGAPORE The Singapore International Monetary Exchange posted triple-digit growth in turnover for the first eight months of this year, with Eurodollar futures dominating the action. Trade in Eurodollar
      Source: Simex  -  405 words
    • Article
      Peregrine upgraded to clearing member
      281 7  -  By Quak Hiang Whai SINGAPORE Less than a year after it started futures trading in Singapore, Hongkong's Peregrine group has been upgraded to become a corporate clearing member of thfe Singapore International Monetary Exchange. The upgrading of Peregrine Futures Singapore Pte Ltd on Sep 1
      281 words
    • Article
      Lock icon Tokyo banks study ways to handle stock losses
      271 7 Reuter TOKYO Japan's big banks, depressed about the protracted stock market slump just a month ago, are reconsidering whether to post evaluation losses in the shares they hold for the first half of 1992/93 ending Sep 30, industry sources said. In steps
      Reuter  -  271 words
    • Article
      Lock icon Call to relax rules on Tokyo stock futures trade
      400 7 Reuter TOKYO Japanese securities exchanges are starting to loosen the regulatory straitjacket strangling trade in stock index futures but more leeway is needed, traders said yesterday. Starting Monday, authorities have cut the time interval between bid and ask quotes on futures
      Reuter  -  400 words
    • SMALL CHANGE
      • Article
        Nomura lures key Stanchart staff in HK
        89 7 HONGKONG Nomura Securities Co has hired three key staff away from Standard Chartered Securities Ltd in Hongkong, according to senior sources at Nomura. Head of institutional sales Philip Pang and institutional broker Amy Chan have both resigned from Standard Chartered Securities to join
        89 words
      • Article
        Moody's may downgrade Daiwa
        67 7 TOKYO Moody's Investor Service has placed Daiwa Bank Ltd under review for possible downgrade of its long-term ratings. Approximately US$l billion (S$ 1.6 billion) is affected by the review. The credit-rating agency cited real estate lending and Daiwa Bank's weak operating performance. Moody's stressed that Daiwa
        67 words
      • Article
        Revamp of Vneshekonombank
        57 7 MOSCOW Russia plans to change the status of Vneshekonombank, converting the foreign trade bank of the former Soviet Union into a joint stock bank in which the Russian government has a majority stake. Interfax news agency yesterday said the decision to transform the bank was approved in
        57 words
      • Article
        Dhaka to privatise credit agency
        67 7 DHAKA Bangladesh will privatise the country's premier state-owned industrial credit agency, Bangladesh Shilpa Rin Sangstha, the official BSS news agency said yesterday. The state-owned agency lends cash to set up medium-sized industries. The news agency said the move to sell two-thirds of BSRS shares to
        67 words
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      103 words
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      152 7 U A Volvo says you have an astute mind for business. It says you value your main assets, your people and your investments. It immediately says your company is a major player. Volvos impeccable reputation for safety and performance on the road IF Cars /\p p an^m mar^et^ace s a
      152 words
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      187 8 Our Unfixed Time Deposits don't require juggling lessons. >l*ii One of the biggest headaches with traditional fixed deposits is "N ll* that, unless you have unlimited time and funds, you'll find you're constantly juggling both tenures and maturity dates. Which is why we think you'll appreciate our new Citibank Unfixed
      187 words
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  • THE REGION
    • Article, Illustration
      Lock icon Vietnam to shrink army despite China disputes
      562 9 Reuter HANOI Vietnam, which once had one of the largest standing armies in the world, it will continue to reduce ttw size of its military in spOe of recent tension with Qilna over territorial disputes. Vietnamese Foreign Minister Nguyen Manh Cam said tls
      Reuter  -  562 words
    • Article
      Lock icon NZ privatisation plan stalled by Maori claims
      410 9 Reuter WELLINGTON New Zealand's radical privatisation plan has stalled, not as some critics say because of lack of will, but because of Maori claims on the assets, government minister Maurice McTigue said yesterday. The right-wing ginger group, The Business Roundtable, said in a
      Reuter  -  410 words
    • Article
      Lock icon Indonesia urged to curb growing foreign debt
      333 9 AFP JAKARTA A leading economist has warned that Indonesia's swelling foreign debt is threatening Jakarta's credibility overseas and has called for permanent measures to curb it, the Kompas daily said yesterday. "The large amount of Indonesia's commercial debt is the reason why foreign
      AFP  -  333 words
    • Article
      Lock icon Thailand losing in race to be gateway to Indochinese business
      293 9 Reuter BANGKOK Thailand is losing out to Hongkong and Singapore in its often-stated ambition to be the gateway to business in Indochina, a leading foreign entrepreneur says. The amount of Thai investment in Vietnam was pathetic while in Cambodia the
      Reuter  -  293 words
    • NOTE BOOK
      • Article
        M'sia to seek US views on Nafta's impact
        70 9 KUALA LUMPUR Malaysia will seek an appraisal from the US of the effects the North American Free Trade Agreement will have on this region, International Trade and Industry Minister Datuk Sen Rafidah Aziz said yesterday. She said the other Asean members had
        70 words
      • Article
        Peacekeeping plan approved
        74 9 TOKYO The Japanese government yesterday formally approved a plan to send 1,800 soldiers to war-wracked Cambodia to help the United Nations keep the tenuous peace, removing the last barrier to dispatching Japanese ground troops overseas for the first time since World War 11. Prime Minister Kiichi Miyazawa
        74 words
      • Article
        Keating criticises US subsidies
        95 9 CANBERRA US agricultural export subsidies are damaging relations between Washington and Canberra, Australian Prime Minister Paul Keating said in a letter to US President George Bush. "1 have to say that the issue of export subsidies remains a major difference between Australia and the United States,"
        95 words
      • Article
        Pessimism over HK airport talks
        64 9 HONGKONG A senior British official yesterday said he does not expect a breakthrough in today's Sino-British talks on financing for Hongkong's new airport. Anthony Galsworthy, head of the British team on the Sino-British Joint Liaison Group, said he thought another meeting would be needed soon
        64 words
      • Article
        New crisis looms in Myanmar
        67 9 CANBERRA Thousands of Myanmar children will continue to die from preventable disease every week unless aid is restored to their troubled country, an Australian aid organis« ation warned yesterday. The Australian Council for Overseas* Aid said a continuing deterioration of living conditions com** bined with
        67 words
    • Article, Illustration
      Lock icon A plea for word power
      108 9 Reuter DHAKA Bangladeshi children demanding better education during a ceremony marking World Literacy Day yesterday. Only 23 per cent of Bangladeshis are literate. The demonstration seems ironic in light of the fact that even education at university level is fraught with strife. Bangladesh's ruling party
      Reuter  -  108 words
    • Article
      Lock icon Australia jobless rate seen staying high in August
      395 9 Reuter SYDNEY Australia's depressed labour market is not expected to have improved in August and unemployment could surpass its postwar high. Forecasts for the August jobless rate, due for release tomorrow, ranged from 11.0 to 11.3 per cent, against 11.0 per cent
      Reuter  -  395 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      127 9 pSE The at a ta Manchester §9 University Business Structure Content Innovations and Strengths '"ST**-***"** Specialist International Capital Markets 288 hours of seminars and workshops Focua on Corporate Risk Management conducted by Manchester £nd Wdes Financial Managerial Economics faculty members Management Quantitative Analysis for Management Quality study quides *>d textbooks
      127 words
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      Page 9 Advertisements Column 2
      116 9 L S r v r tti i i r Hi l~rT Wu Guanzhong (bom in on canvas ■7 65 xBocm. (25Vt x mKm EsUmate HK$ 450,000-550,000 Singapore Preview: Fine 19th 20th Century The Oriental Chinese Paintings 5, Raffles Avenue 29 September Singapore Fine Chinese Ceramics; 12-13 September 1992 Jade Carvings
      116 words
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  • THE WORLD 1
    • Article, Illustration
      Lock icon Economists dispute recession remedies of candidates
      418 10 Proposals by Bush and Clinton seen as not addressing current concerns yjfßlS'DEjpAj; AP WASHINGTON US President George Bush and Democratic challenger Bill Clinton both say they have the answers to the country's economic woes, but economists aren't so sure. Mr Bush is seeking an
      AP  -  418 words
    • Article
      Lock icon French minister slammed for ban on Aussie toxic waste
      277 10 Reuter PARIS French Environment Minister Segolene Royal came under attack from ecologists and industry on Monday for banning the import of toxic waste from Australia for disposal in France. Ms Royal's predecessor, Brice Lalonde, accused her of pandering to the environmental
      Reuter  -  277 words
    • Article
      Lock icon S Koreans call off trip to North
      222 10 Reuter SEOUL A trail-blazing trip by South Korean business leaders to the communist North was called off yesterday when the two sides failed to agree on the size and make-up of the southern delegation. A southern spokesman said the visit, which had been
      Reuter  -  222 words
    • Article, Illustration
      Lock icon Talk of national unity government mounting in Bonn
      442 10 Reuter BONN Signs of an impending national unity government are multiplying in troubled Germany but politicians from Chancellor Helmut Kohl down look too weak to stamp out the rumours or seize the initiative. With German unification's costs spiraling out of control and
      Reuter  -  442 words
    • Article
      Lock icon Foreign investors return to China in a big way
      401 11 Post-Tiananmen slump reversed by economic boom, open market AP BEIJING Three years after troops crushed the Tiananmen Square democracy movement, foreign businesses are flocking into China, lured by a booming economy and an increasingly open market. In one week in June,
      AP  -  401 words
    • Article, Illustration
      Lock icon ANC launches propaganda war
      344 11 Victims of township violence cited as reason for removal of de Klerk Reuter JOHANNESBURG The biggest army deployed by the African National Congress to topple President F W de Klerk is composed entirely of corpses the 13,000 black victims of township wars. ANC leader Nelson Mandela
      Reuter  -  344 words
    • Article
      Lock icon Surveys cast shadow on British recovery hopes
      285 11 Reuter LONDON A spate of consumer confidence and borrowing surveys published on Monday are casting doubt on whether Britain will enjoy a much-promised economic recovery this year. While official figures showed a surprise rise in the amount of consumer credit outstanding of £78
      Reuter  -  285 words
    • Article
      Lock icon Indian central bank urges faster economic reforms
      260 11 Reuter BOMBAY India should speed up reforms to revive its shackled economy and counter the impact of a US$l.2 billion (SSI.9 billion) stock market scandal, the Reserve Bank of India (RBI) has said in its annual report. "A satisfactory and early restoration of
      Reuter  -  260 words
    • Article
      Lock icon Beijing posted trade surplus of US$1.8b in August
      202 11 AP BEIJING China had a US$l.B billion (about Ss2.B billion) trade surplus in August as its economy continued to boom following senior leader Deng Xiaoping's call for a speed-up of market-sty le reforms, a report said yesterday. The General Administration of Customs
      AP  -  202 words
    • WORLD WATCH
      • Article
        Japan tells China not to buy aircraft carrier
        56 11 TOKYO Vice-Foreign Minister Koji Kakizawa on Monday advised China against purchasing a Ukrainian-built aircraft carrier and warned such an acquisition could destabilise the Asia-Pacific region. "I would like to solicit very prudent action from China," Mr Kakizawa told a symposium commemorating the
        56 words
      • Article
        French CEOs for Maastricht: poll
        89 11 PARIS Most chief executives in French business want to see the Maastricht treaties on European union ratified in a referendum here on Sep 20, by a margin of 53 per cent in favour to 21 per cent against, an opinion poll showed yesterday. Of the
        89 words
      • Article
        N Korea to maintain China ties
        66 11 BEIJING North Korea will continue to develop friendly relations with China in spite of Beijing's recent establishment of diplomatic ties with Seoul, according to a report here. Chu Chang Jun, the North Korean ambassador to China, said his government would continue to "make every
        66 words
      • Article
        Evidence of East Sea: S Korea
        81 11 SEOUL South Korea's navy has produced an 18th-century Italian map found in an American antique store that it says provides crucial evidence that the sea separating Korea and Japan is misnamed. On most world maps, the body of water is called the Sea of
        81 words
      • Article
        Paper criticises bureaucracy
        86 11 BEIJING China's byzantine communist bureaucracy is paralysing the country in a disaster worse than any flood or drought, an official newspaper said yesterday. "Floods and droughts are limited, short-term disasters. But our plague of officials is total, and has already been with us for a long time,"
        86 words
      • Article
        Egypt wants joint Gulf command
        76 11 CAIRO Egypt has proposed the formation of a joint military command and a rapid deployment force as part of a defence pact with Gulf Arab states and Syria, the Foreign Ministry said on Monday. The disclosure came two days ahead of a foreign ministers' meeting
        76 words
  • Page 10 Advertisements
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      159 10 How to use the body to relax the mind. mUllir It's comforting news. Many of our new seats are available in the selected flights to South America. Our state of the art business class seats with smoke-free upper decks of our vast 747 fleet. Come fly the airline that's uniting
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      Page 10 Advertisements Column 2
      70 10 1 lam. Thursday. Ist October 1992 Hyatt Regency. Perth SENSATIONAL RETAIL INVESTMENT 158-160 MURRAY STREET MALL. PERTH WESTPAC BUILDING PRELIMINARY NOTICE OF AUCTION 0 TENANTS:- Westpac Country Road. Nett lettable area Io43sqm. Fully leased investment. Land area SO4 sqm. 27 metre frontage to Murray St Mall. Over 22,000 passing cars
      70 words
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      106 11 ißusiness meetings with PERFECT PEACE OF MIND For that perfect peace of mind, you need not resort to a modern day guru when you organize that all-important business meeting, office party, product launch or banquet. Just turn to the Alison Hotel Singapore. You couldn t find a more professional banquet
      106 words
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      Page 11 Advertisements Column 2
      157 11 K Million Dollar Business. Many businesses, no matter how small, have the For machinery financing, the interest rate can be as potential to grow. Sure, it takes hard work, careful low as 3.5%. planning, and confidence. The LEF Scheme has enabled many local enterIt also means having financial backing. prises
      157 words
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  • Article
    HK's star shines brighter
    469 12 EDITORIAL ONCE countries are typecast as economic competitors, the labels seem to stick. Take Singapore and Hongkong. The old perception remains that the two economies are vigorous competitors, all the more so as the clock ticks towards Hongkong's political integration with China in 1997. It's about
    469 words
  • WHAT THE OTHERS SAY
    • Article
      A new focus takes shape
      316 12 THE Jakarta summit of the Non-Aligned Movement proves that reports of its death are exaggerated. After all, NAM was an attempt by developing countries to stay out of the two contending blocs of the Cold War. This was not always honoured in practice, as some
      316 words
    • Article
      NAM coining of age
      67 12 IN HIS closing address to the member countries of the Non-Aligned Movement, its chairman President Suharto has called upon a fresh approach to ensure the dynamism of the body in an ever-changing world. The end of the Cold War does not make Nam redundant, in fact
      67 words
    • Article
      On Chinese medicine
      123 12 TWO FACTS have to to taken into account when we discuss the contribution that Chinese medicine can make towards healthcare and treatment in Singapore. The first is that in our society, the survival of Chinese medicine has never depended on the support of the government. The second
      123 words
  • REGIONAL VIEWPOINTS
    • Article
      Historic milestone
      131 12 THE 10TH Non-Aligned Movement (NAM) Summit, the largest gathering in the movement's history, ended here yesterday with a new determination to strive for the shaping of a new world order free from war, poverty, intolerance and injustice. Although the movement spans two thirds of the world's nations and
      131 words
    • Article
      Identifying the guilty
      196 12 THE REST of the world has been bickering and dithering about the appropriate response to the carnage in Bosnia. The presence of UN peace-keep-ing forces has not diminished the fighting. Instead, UN forces have been targeted and attacked. Does this sound like Serbia is prepared to back
      196 words
    • Article
      Relic of the colonial era
      189 12 HARD THOUGH it may be for some expatriate civil servants to accept, the Hongkong government's decision to scrap the perk allowing retired officials and disciplined service staff to cruise home on the luxury liner Canberra, at a cost to the taxpayer of up to HK$7O,OOO,
      189 words
  • Article, Illustration
    Lock icon In pursuit of the team dream
    845 12 Management specialists agree that teamworking helps Japanese firms to develop better products and get them to market faster. But many Western companies are finding it hard to follow their example Economist WHEN Chrysler decided to build a sports car to take on Chevrolet's Corvette,
    Economist  -  845 words
  • Page 12 Advertisements
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      327 12 THE WINNING EDGE IN-DEPTH Bgjf BUSINESS Julf I J For over two decades Singapore Business has covered I VY i the local and regional business scenes with more depth and breadth from a perspective which is more relevant to local businessmen than any other publication. Some may call it an
      327 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      35 12 DOONESBURY GARRY TRUDEAU mm X 1 1 551 aaummtu 7\ %IT 'W nSS? 0H.N0.. UMITO MB STOMP ma I n*™*' j V goomba.soh* *,"1 I 10M 1Y I \7/f Hesmoun] U AGAIN. SON* Y TBAOMbMB
      35 words
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  • ANALYSIS
    • Article
      Lock icon An object of Community division
      762 13  -  Sally Jacobsen examines how, instead of drawing Western Europe closer together, the Maastricht accord has become a symbol of discord Sally Jacobsen AP THE EUROPEAN Union accord was supposed to bring Western Europe closer together and lay the groundwork for a superpower that, one day,
      AP  -  762 words
    • Article, Illustration
      A brief, effective premiership
      1031 13  -  As Anand Panyarachun's second government comes to an end with this Sunday's Thai elections, Loh Hui Yin in Bangkok surveys what he has achieved in the past four months Loh Hui Yin WHEN Anand Panyarachun addressed the Foreign Correspondents Association of Singapore in January, he asked
      1,031 words
    • Article
      Lock icon Drawing up an economy v ecology bottom line
      1025 13  -  Is environmental protection good or bad for the economy? William K Stevens on why there are no easy answers to this question which is being hotly debated in the US presidential campaign William K Stevens NYT DOES environmental protection hurt the economy
      NYT  -  1,025 words
  • Page 13 Advertisements
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      147 13 "HOW TO START AND EXWND YOUR BUSNBS" I SEMINAR Date Saturday, 12/9/92 or 26/9/92 Time 3pm to spm Venue United House 20, Kramat Lane #05-03 Oxhind Le Meridien Hotel, a few blocks from Centre Point, Orchard Road) Cost SS3O per participant Benefits Participants will leam the following: 1) How to
      147 words
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      703 14 A NEW PEAK IN BUNKERING AND INTERNATIONAL OIL TRADING. THE OFFICIAL INAUGURATION OF CHI FENG PETROLEUM PTE. LTD. With the formation of Chi Feng Petroleum, f Message from the Managing Director bunkering and oil trading in this region will be taken Message from the HHjHM The most important slogan (and
      703 words
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  • THE LAW PAGE
    • Article, Illustration
      The trouble with scrip
      1620 15  -  Walter Woon examines the legal standing of share certificates Walter Woon The writer is vice-dean of the law faculty at the National University of Singapore IN THE RACE to be more competitive and attractive to investors, stock markets around the world are rushing to convert to
      1,620 words
    • Article
      BG Lee to open business law conference
      313 15  -  Ramesh Divyanathan previews the biennial event Ramesh Divyanathan THE Sixth Singapore Conference on International Business Law will be held from today to Friday at the Shangri-La Hotel. Deputy Prime Minister and Minister of Trade and Industry Lee Hsien Loong will officially open the
      313 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      149 15 A NEW PEAK IN BUNKERING AND INTERNATIONAL OIL TRADING. I THE OFFICIAL INAUGURATION OF CHI FENG PETROLEUM PTE. LTD. #r ><fe fH S] WISHING YOU SUCCESS AND GROWTH. cV I M Maritime Pte. Ltd. ACMES MARKETING PTE LTD ll p mr.H CHINA OCEAN SHIPPING CO I 1 trmiw&zrtß&z-Bj CHINA INSURANCE
      149 words
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  • FOCUS
    • Article, Illustration
      Lock icon Can Salomon make it?
      1250 16 Salomon Brothers has one big hurdle to cross in its path of recovery from the Treasury scandal NYT IN ITS year-long struggle to recover from the scandal involving its illegal bids in Treasury auctions, Salomon Brothers Inc swept almost every senior executive from office, built a
      NYT  -  1,250 words
  • Page 16 Advertisements
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      141 16 We've Got It All Together t 4 far* pMHRnH^B' %&*ss>■■ t '."-.%v" iMwf dajpfiffi y8MB» K We're looking forward to welcoming you on board our new advantage. So start your South African adventure at Changi Wednesday morning service to Johannesburg. You'll experience a Airport, after all no one knows it
      141 words
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  • SPORTS
    • Article, Illustration
      Lock icon Courier shows McEnroe the door
      536 17 US Open AFP NEW YORK World number one Jim Courier beat John McEnroe in straight sets in the fourth round of the US Open on Monday, a defeat that McEnroe said signalled the end of his topflight tennis career. "The top guys are clearly a
      AFP  -  536 words
    • SIDE LINES
      • Article
        Saby wins fourth stage in Paris-Beijing rally
        73 17 PARIS Frenchman Bruno Saby, driving a Mitsubishi Pajero, won the 423 km fourth special stage of the Paris to Beijing rally in Kazakhstan to cut his gap on the two Citroen leaders to under five minutes. He finished the drive from Yablonovka to
        73 words
      • Article
        O'Sullivan stuns White
        83 17 BLACKPOOL, England World junior champion Ronnie O'Sullivan pulled off the first major shock of the snooker season on Monday by thrashing title-holder Jimmy White in the third round of the European Open. The 16-year-old Englishman cruised into the last 32 of the £150,000 tournament here with a
        83 words
      • Article
        US sweeps swimming events
        81 17 BARCELONA Beth Scott led an American medal sweep i& the 400-metre freestyle with a world record performance on Monday at the Paralympic Games. Scott, 18, broke her second world record at the games and was joined on the medal stand by second place finisher Trischa Zom
        81 words
      • Article
        Borg gets wild card
        88 17 STOCKHOLM Bjorn Borg has been given a wild card to make another comeback attempt at the Stockholm Open in the final week of October. The 36-year-old, whose earlier attempts to return to big-time tennis have ended in spectacular failures, will be pitted against world number one
        88 words
    • Article
      Lock icon Andretti to race with McLaren in Formula One
      577 17 AP NEW YORK Michael Andretti, who has repeatedly said he wants to carry the American flag into Formula One racing, has ended months of speculation and frustration by signing a contract to race next season for Team McLaren. A news conference is
      AP  -  577 words
  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      72 17 IHSBH I lamTKurs, Ist Oct, 1992. Hyatt Regency Hotel Perth i ONMILUGAN STREET High profile and unique, landmark 'island' building on corner of Milligan Wellington Streets. Ideal for investor or owner occupier seeking a distinctive city address. 3 level office building with net lettable area of IB33sqm. •Landarea I IBlsqm.
      72 words
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      Page 17 Advertisements Column 2
      188 17 First Impressions Now Here To Stay j dt, 'vjfiUL luxury r '$£s y M// .Jfll heart of Kuala Lumpur's "Golden W *J 3'£W|yf 7<• W& t 4 Triangle". Where the ambience is regal, mCiSm I' M K]l j^flpfl l|B and the variety is infinite. A strategic 5-star business address Bi
      188 words
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      297 18 In Nothing Beats A BucL HHflifll where to wine, dine nv »IWU Or BKBHo* GENUINE PENANG FARE LET OUR PENANG CHEF INTRODUCE HER NEW RECIPES AT THE NEWLY RENOVATED PRINCESS TERRACE CAFE THE PLACE FOR AUTHENTIC PENANG SPECIALITIES. A RENDEZVOUS FOR FINE MEALS AT CAFE PRICES. OR LIGHT SNACKS WITH
      297 words
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      Page 18 Advertisements Column 2
      383 18 TIYATmREGEWCYsINGAroR^^^^I I presents for the firsnmre in Singapor^^^M^j^B The legendary quintet that gave you such hits as The Great Pretender", Only You' and many others. Join us for an evening of nostalgia and fine entertainment, plus the chance to win a trip to Paris and another to Rome. 7.30 pm,
      383 words
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      Page 18 Advertisements Column 3
      263 18 j Our Tim Sum promises to leave a foreign taste in your mouth. Sink your teeth into authenlic Tim Sum without flying lo Hong Kong. You see, that's where our Seafood Theatre chefs hail from. They'll tempi you with exquisite delicacies like Abalone Har Kau, Cuttlefish Siu Mai. Salted Prawn
      263 words
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      Page 18 Advertisements Column 4
      307 18 I m t^rrmNT.^ Enjoy an unforgettable evening of spectacular world-class revues at the Neptune. And our Early Dinner Special menu prepared by experienced Hong Kong chefs. Happy Hour Early Dinner Special Menu from 6.30pm to B.oopm on no-function day. Free parking in the evening. Showtime*: B.oopm to 8.30pm 9.30pm to
      307 words
  • Page 18 Miscellaneous
    • Miscellaneous
      Page 18 Miscellaneous Column 1
      555 18 TELEVISION AND RADIO SBC« |J;5 I IVT vi IvU Y U Ullcl tl SSO PM Opening followed by S. 11JS A»kJ Hiburtt Dahlan BBC, M.9 mHI in VHF Band II J O 725 Opening followed by Ik. by Sa- Zamuddm 7.10 m. 9.25arn, 1.30pm, 5.30pm, BllMni H BJSfc-m 12 25
      555 words
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  • LIFESTYLE
    • Article, Illustration
      Lock icon Lefties rule, all right?
      781 19  -  For too long, a section of society has been ignored. Not any more as Andrew Malcolm plots his revenge against this right-eous world Andrew Malcolm NYT ALL RIGHT, the re-education of America starts here left now. Everyone may be bom right-handed. But only a small number
      NYT  -  781 words
    • Article
      Lock icon A sleeper awakes
      530 19 A low-budget film with a cast of unknowns is drawing rave reviews even before its release NYT HOLLY WOOD thrives on Cinderella stories, and there's probably not a better one this year than that of Zebrahead. It is not scheduled for theatrical release until late October, but
      NYT  -  530 words
    • Article, Illustration
      New management takes over Helmsley hotel
      587 19 CHATTERBOX WITH its self-styled queen alreadv in exile, the Helmsley Palace Hotel in New York City underwent a quiet, bloodless revolution last week when new management assumed control of the hotel and began plotting to remove her name from the marquee. Leona Helmsley, who
      587 words
  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      232 19 AND ENTERTAIN SPICING IT UP! Wednesdays are a spicy issue with mouth-watering concoctions like Rendang, Curry Ayam and Sambal Ikan Bakar to tempt your appetite. At Cafe-in-the-Park Buffet Lunch from 12 pm Buffet Dinner from 6.30 pm At $19.50+ per person ANA HOTEL For reservations, please call SINGAPORE 732-1222 extension
      232 words
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      Page 19 Advertisements Column 2
      44 19 ||M EjjktS&ilfeil In conjunction with our 3rd Anniversary Celebration. our Maple Leaf s kitchen has a special great value I set-menu for the diners. 1 Seafood Set Lunch _TI A variety of exquisite Cantonese/Sze f Rwtaur vKg*'*- ShW"g On«r» 380 VOOTH Sir—l &ng«por» 07H
      44 words
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      Page 19 Advertisements Column 3
      145 19 Now you can sing your heart out at our sleek Karaoke Pub and enjoy your own renditions of IMII I j jjHJITre fnj hot hits. Sharing the limelight is Sue Parry, |»||llW*^lslK .p+~£rtcn/-L—~~^ golden girl of the Perth wildcats fame Watch her sizzle, belting out top hits and your favourite
      145 words
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  • STOCK EXCHANGE OF SINGAPORE 1
    • Article, Illustration
      Prices close broadly firmer on lower volume
      3581 20  -  By Lilian Ang SHARE PRICES on the local bourse edged broadly higher yesterday on selective blue chip buying and continued interest in Malaysian stocks. The benchmark Straits Times Industrials Index rose 11.61 points to finish at 1,377.20, while the broader BTComposite Index advanced
      3,581 words
    • Article, Illustration
      Lock icon HOT STOCK
      77 20  -  Quak Hiang Whai OVERSEAS UNION Eaterprise looks like a medium-term buy. The stock his fallen from above $8 to $6JO in less than three months, and the charts are now showing some signs of divergence. On the weekly charts, the price line looks ready to cut the moving
      SOURCE: BRIDGE INFO  -  77 words
  • Page 20 Advertisements
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      Page 20 Advertisements Column 1
      44 20 n. Add Sparkle to Your Portfolio... Mondial. The source for the acquisition of internationally certified G.1.A., H.R.D. and 1.G.1, diamonds, emeralds and other gemstones. v Main Showroom: Mondial Promenade 300 Orchard Road *ot-06 The Promenade Singapore 0923 TeL 734 2033/4 Fax: 737 5138 1
      44 words
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  • Article
    STOCK EXCHANGE OF SINGAPORE 2
    2827 21 9 DBS Foreign 1210 +30 +2.5% FAN 1020 +20 +2.0% SPH Foreign 1300 20 +16* OUE 630 +15 +2 4% UOB Foreign 695 +15 +2.2% C&C 560 +10 +1 8% GE Life 1120 +10 +0.9% SIA 1330 +10 0 8% SIA 200 1350 +10 0.7%
    2,827 words
  • Page 21 Advertisements
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      Page 21 Advertisements Column 1
      127 21 YOUR KEY TO I^~ BETTEREUSINESS DECISIONS! mj I shine is Singapore Press Holdings' inforich database financial statements*highlights, graphs, latest results team: T. S. Liu on 740 1035, Had Ong on 740 1771 I on Teleview, which incidentally is the most advanced and company news. or TonyCk B- videotex, system in
      127 words
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  • Article
    STOCK EXCHANGE OF SINGAPORE 3
    3308 22 UMW 312 H2 f 4.0% MAS 340 9 +2.7% Tan Chong 50» 153 +9 +6.2% M ISC Foreign 410 +8 f2 0% Amal Sice! 50« 145 f5 f3.6% Gcntings 50* 785 *5 +0.6% Tongkah Hldgs 112 +5 +4.7% H Leong Credit 258 4 +1.6% High
    3,308 words
  • Page 22 Advertisements
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      Page 22 Advertisements Column 1
      239 22 B_^S_^NJ^SSTIMES Toll free Tel No 737 0043 Fax No: 734 3698 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 CHARTERED ENGINEERING PTE LTD (MEMBERS' VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act (Chapter 50) that a Final General Meeting
      239 words
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      Page 22 Advertisements Column 2
      405 22 M THE MATTER OF THE COMPANIES ACT, CHAPTER SO UK HARDWARE PTE LTD (In Cmftora' Votrtary WfrxJng-i*>) NOTICf OF RESOLUTIONS At an Extraordinary Ganaral Mating orthaftova Company Wy oorwanad and haid at 41SB Jalan Basar. Singapore 0820 on tha 31st day of Auoust 1992 at 10KX) ajn. tha folowng Special
      405 words
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      Page 22 Advertisements Column 3
      364 22 IN THE MATTER Of THE COMPANIES ACT, CAP. 90 ANO IN THE MATTER OF ATHENA DISTRIBUTION PTE LTD (In Members' Voluntary Liquidation) NOTICE IS HEREBY GIVEN pursuant to Section 306(1) or tha Companies Act Chapter 50, that a Final General Meeting of tha abovanamed Company will be held at 9
      364 words
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      Page 22 Advertisements Column 4
      289 22 "cASTINGMPTE) LTD m pCOfIWWItD IH BWOAPORQ NOTICE OF MEETING OF CREDITORS PURSUANT TO SECTION 199 OF THE COMPARES ACT, CAP. 90 CREDITORS'VOLUNTARY WINDING-UP NOTICE 6 HEREBY GIVEN purauantto SmSm 299of*taCompaniaa Act. Cap. 80 that a maatlng of otßoii of tN AowHMfnid com- M Party Wtl Dm TPO 3D HOOinSOr Road
      289 words
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  • KUALA LUMPUR STOCK EXCHANGE
    • Article, Illustration
      Lock icon Prices see-saw to close mixed on reduced volume
      4997 23 Bernama SHARE PRICES in Kuala Lumpur fluctuated to close on a mixed note in reduced trading yesterday as sentiment was undermined by the volatile Tokyo market. Investors were also reserved about building up positions ahead of the market holiday today for the
      Bernama  -  4,997 words
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  • BT SHARE INFORMATION SERVICE
    • Article
      AUDITED RESULTS
      245 24 Company Data Yaar Group Nat Nat earnings Gross ana to profit/loss (L) par share dhrMond ('000) (cants) Tofcyu Land Sep 7 Mar 92 2.0931(5.3791) 46(119) NYA(54) tCMPH Sep 4 Mar 92 (3.839(113.474) 2 1(7 4) 7(llh) The H Glass Sep 1 Mar 92 $3,954(15.848 6 6(98) 5(5) HTPHIdgs
      245 words
    • Article
      PRELIMINARY RESULTS
      339 24 Company Date Year Group pre-tax Net earnings Gross M n to prtflt/loss (L) por share dividend (•000) (cents) Sea V** Sep 7 Jun 92 $1 l.S05($8.681) 35.8(25 5) 10(8) Cons Plant Sep 5 Jun 92 M$114,100(80,200) 9 3(54) 28(16) DMIB Bhd Sep 5 Jun 92 M$39,400($39.400) 86(8.4 20(20)
      339 words
    • Article
      INTERIM RESULTS
      489 24 Company Data Halt-year Group pre-tax Interim ana to preftt/toss (L) dividend ('000) Grand Central Sep 7 Jun 92 8,005(15.642) MAA Sep 4 iun 92 M$1.260($l,003) Shed Sep 4 Iun 92 M$53,363($92,835) 4(4) Spore Land Sep 4 Iun 92 547.697(525.783) UC Sep 4 Jun 92 $48,076($2,858L) City Dev Sep
      489 words
    • Article
      RESULTS FORECAST
      101 24 Main Iwtl Last Fal Tear Farecast Date lid «st Pre* EPS mmci It* EPS Cms pre* N> N< Cmpan PMUn tndmg (cts) (SIM) (SSa) (ets) WC I Aug 28 Dec 92 59 2 5 0 14.857 3 9—52 158-208 CM Last Fril Tear Farecast Ma Nat Hat PnM
      101 words
    • Article
      OTHER RESULTS DUE
      409 24 Mm Burt Last Fri Year Cmm PerM M» T«* EPS Cms tat mmtii aadbg (ets) prM test par (SfNI) EMS Final Nov 6 Jul 91 30TE 17.8781 Jtoat Interim Aug 6 Dec 92 190 10 0 37.607 MS lad Interim Aug 23 Dec 92 79 S O
      409 words
    • Article
      DIVIDENDS ANNOUNCED
      917 24 Currant Ex Book* Date Total far Total far payment data dou payaMa tka yaar last year UN-tan Sfl 28% (I) Aug 31 NYA Sep 14 28% 58% WD8 50c 3 5%(b) Sep 10 Sep 24 Oct 23 35% 35% Mn Hdgi 50c 6%(b) Ai« 26 Sep 7 Sep
      917 words
    • Article
      CORPORATE DEVELOPMENTS
      452 24 Sep 6 Keppd Shipyard has just completed a $22 million modification and refurbishment project on a 174,000-tonne floating production, storage and offloading facility of a Chinese vessel which was awarded by Nan Hai West Oil Corp. A subsidiary of listed Jaya Hokfinfs Ltd, Java Marine Lines Pte Ltd,
      452 words
    • Article
      APPROVED ISSUES
      177 24 Company Rights Issue Gflttan Hop* One-tor su <& MSI 50 per share Ex-date Aug 27 Books dose Sep 10 Acceptance Payment NYA MAS One-tor-one fe MJbOO per share Ei-date Sep 7 Books dose Sep 21 Acceptance Payment NYA OUT One-tortwo <g, $1 SO per share Ei-date Aug 19
      177 words
    • Article
      COMPANY MEETINGS
      236 24 Pertama Hokfnp Ltd: AGM at Ist Level, Victoria Room, Victoria Wing, Alson Hotel Singapore, 101 Victoria Street Singapore 0718, on Wednesday, Sep 10, at 9 30am Shangri-La Hotel Ltd: EGM at the Summit Rm. Valley Wing Lobby Level, Valey Wing, Shangri-La Hotel, 22 Orange Grove Rd, Singapore 1025,
      236 words
    • Article
      SCRIPLESS CONVERSIONS
      231 24 Conversion Special Trdg Scripleas Conversion deadline Period Trading Company starts (IDP) (ST) starts Apollo Sep 14 Oct 8 Sep 28 Oct 8 Oct 9 BAT Sep 14 Oct 8 Sep 28 Oct 8 Oct 9 Cold Store Sep 21 Oct 15 Oct 5 Oct 15 Oct 6 Haw
      231 words
    • Article
      RECORD HIGHS & LOWS
      132 24 RECORD HIGHS LOWS BT Composite Index ST Industrials Index 1992 Mc 1316.68 (21/2/92) 1992 N* 1545.92 (27/1/92) 1992 Inr. 1122.50 (18/8792) 1992 1m: *****5 (18/8/92) 1991 1333.08 (3/6/91) 1991 M* 1565.58 (3/6/91) 1991 Inr 1022.52 (16/1/91) 1991 Inr 1149.08 (16/1/91) 1990 Mc 1435 43 (16/7/90) 1990 M* 1607.12 (27/3/90) 1990
      132 words
    • Article
      SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS
      1099 24 Tram Registered Substantial Bay/ Ho. of Amount SfearofcoMiag Stock Data Hotter SlurehoWer/Di rector Sell shares Before After Tit Lee Bank 03/09/92 Er* Thye Plantations Goh T)u Kiang Wife B 5,000 14,850 83.796.026 40 37 83.801,026 40 37 FttS 03/09/92 Street Names Keppel Corporate B 118,000 356,626 78.298.370
      1,099 words
    • Article
      PROPOSED ISSUES
      536 24 Company Rights Issue Nbnce Ttch Onetoc-oot SI 00 per share Am* St Ml OnMw ttifw MS2 20 per share Issue of *****m SOS Cumulative Redeemable Preference shares of 10 sen each 1992/97 (CUPS) with up to *****m Transferable Subscription (bjtrts (TSX) (or an aggre|ate pnce of M$1 per
      536 words
    • Article
      MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      333 24 la local cwt In S$ la US$ dy yr dy yr %<y*yr ypi 7 Index chgc chy chgc chgc chge cbge World 383.2 -0.1 -6.1 -0.3 -5.4 -0.2 -4.0 iEAFE 449.9 -0.4 -10.4 -0.4 -7.7 -0.3 -6.3 Furorf 388.9 0.1 -5.4 0.3 0.4 0.4 1.9
      333 words
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  • CHINA STOCK EXCHANGES
    • Article, Illustration
      Lock icon Shanghai markets dip as Shenzhen A recovers
      359 25 CLSA RECOVERY yesterday in Shenzhen's domestic market was led by Baoan's A shares which found support at above 25 yuan. The share was actively traded with over two million shares changing hands. The biggest gainers among the Shenzhen A shares were Konka, up
      CLSA  -  359 words
  • JAKARTA STOCK EXCHANGE
    • Article, Illustration
      Stocks end barely changed, banks close lower
      953 25 JAKARTA stocks closed hardly changed yesterday in light activity focused on banks, which ended lower. The Jakarta Composite Index ended at 298.92 points, down 0.74. "A lot of people are losing money in banks. It could go even lower. There's plenty of selling
      953 words
  • STOCK EXCHANGE OF THAILAND
    • Article, Illustration
      Lock icon Share prices close mixed in moderate trade
      2095 25 Reuter SHARE PRICES in the Bangkok stock market yesterday closed mixed in a fairly active session that saw late profit-taking by local players wipe out the morning's advance of nearly five points, brokers said. The SET Index finished only 0.16 of a point
      Reuter; Source: Bridge Info  -  2,095 words
  • Page 25 Advertisements
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      55 25 llfUlltf HI UIHIIUHW AIIT |I I I 111 II lII'II I I I I 111 H ■111 Find out I I| I IHI I I I I I w I II I IHI "111 Personal Investment and Finance. II I I I II H 111 H 111 I I I
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  • TOKYO STOCK EXCHANGE
    • Article, Illustration
      Lock icon Shares end lower after losing early gains
      2606 26 Reuter TOKYO STOCKS closed moderately weaker yesterday after surrendering earlier gains in quiet, range-bound trade. Profit-taking and indexlinked selling took their toll on prices as many investors, deprived of fresh buying incentives, deserted the market, brokers said. "Volume is relatively thin and there's
      Reuter  -  2,606 words
  • STOCK EXCHANGE OF HONGKONG
    • Article, Illustration
      Lock icon Stocks firmer, turnover falls to year low
      2479 26 Reuter HONGKONG stocks finished firmer on technical buying mainly by local investors in thin, sleepy trading yesterday. Turnover fell to a new year's low of HK$l.l4 billion from Monday's HK51.32 billion. The blue chip Hang Seng Index rose 36.18 points to close at
      Reuter  -  2,479 words
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  • AUSTRALIAN STOCK EXCHANGE
    • Article, Illustration
      Lock icon Shares close at 15-month low, but above 1,500 level
      2053 27 Reuter AUSTRALIAN shares closed at a 15-month low yesterday amid poor investor confidence, but managed to edge back over the critical 1,500 mark in late trade. Brokers said investors dismissed marginal offshore leads and were waiting for cheaper buys, although some
      Reuter; Source: Bridge Info  -  2,053 words
  • REGIONAL STOCK MARKETS
    • NZ bourse ends lower on thin turnover
      • Article
        INDICES & TURNOVER
        51 27 INDICES TURNOVER Close Puils— SspS NEW ZEALAND NZSE-40 Capital 1,472.78 1,487.43 •14.65 MANILA Com pew te Index 1,412.90 1,413.7 -0.80 Turnover (mil pesos) 216 170.41 +45.59 TAIPEI Weighted Price Index 3,758.38 3,852.27 -93.89 Turnover (NTS billion) 21.07 23.84 -2.77 SEOUL Composite Stock Index 553.35 557.59 -4.24 Turnover (billion won) 365.1
        51 words
      • Article
        NEW ZEALAND
        346 27 NEW ZEALAND shares, affected by the Northern Hemisphere holiday season, ended lower on thin turnover yesterday. The NZSE-40 Capital Index closed 14.65 lower at 1,472.78. Turnover was a paltry NZ$l2 million. Fletcher Challenge closed six cents down at NZ$2.3l and was one cent off the six-year low seen
        346 words
      • Article
        TAIPEI
        506 27 TAIWAN STOCKS plunged across the board in bearish sentiment with bar-gain-hunting providing only very weak support to prices, brokers said. The Weighted Index closed 93.89 points down at 3,758.38, just off its intra-day low and near a 19-month low of 3,733.06 hit on Aug 20. Turnover fell to a
        506 words
      • Article
        MANILA
        559 27 MANILA SHARES closed slightly down for lack of any fresh incentives. The Manila Stock Exchange Composite Index shed 0.80 points to settle at 1,412.90. Oil issues firmed in late trading in anticipation of the start of commercial drilling at the West Linapacan oil field in October. Some second- ary
        559 words
      • Article
        SEOUL
        813 27 SOUTH KOREA'S Composite Index ended at 553.35 points, down 4.24 yesterday, after reaching an intra-day high of 564.28. Trading was heavy at 31.6 million shares valued at 365.1 billion won, up from Monday's 23.6 million shares worth 298.9 billion won. Losers outnumbered gainers Sl4 to 271, with 10S stocks
        813 words
      • Article
        BOMBAY
        67 27 BOMBAY stock prices edged down yesterday as investors locked in profits on recent gains but brokers said. The Bombay Stock Exchange Index dropped 25.67 points to 3,200.85 and the National Index fell 4.69 points to 1425.75. Many investors who had been clinging to their shares after the market collapsed
        67 words
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  • WORLD STOCK MARKETS
    • London stocks firm in very thin trade
      • Article
        INDICES & TURNOVER
        72 28 INDICES TURNOVER NEW YORK Close Previous Sep 7 Dow Jones S&P 500 Turnover (million) closed closed closed 3.281.93 417.08 124.38 LONDON Financial Times 30 FTSE 100 Turnover (million) 1.733.4 2,372.2 298.7 1,729.0 2,362.2 538.8 +4.4 100 -240.1 FRANKFURT DAX Index 1,540.63 1,536.50 +4.13 AMSTERDAM EOE Index 279.07 280.88 •1.81 PARIS
        72 words
      • Article, Illustration
        New York
        924 28 Sep 4 US$ A-TT 42 3/8 1/8 Aetna Life 39 1/8 1/8 A lean Aluminium 19 unch Allegheny Int 41 6/8 unch Allied Products 2 1/8 unch Allied Signal 53 1/8 1/8 Amax 17 4/8 1/8 Amber Brands 45 7/8 4/8 Araer Cyanamid 59 1/8 2/8 Amer Elec
        924 words
      • Article
        Untitled
        216 28 Toronto Sep 4 CS Abitibi Price 14 7/8 1/8 Alcan Alum 22 7/8 unch BP Canada 14 2/8 unch Bank Nova Scotia 24 J/8 1/8 Bank of Montreal 47 2/8 unch Bee 45 6/8 unch Brascan 18 4/8 unch CDN Imp Bk 30 3/8 +2/8 Can Packers 15 6/8 Can-Pacific
        216 words
      • Article, Illustration
        LONDON
        825 28 SHARES ROSE in very thin trading on Monday in London at the start of the two-week account, sustained by a firmer pound and hopes of lower German interest rates next year following the meeting of EC Finance Ministers over the weekend in Bath, England. Very little business was done
        825 words
      • Article
        FRANKFURT
        292 28 GERMAN SHARES drifted down from their early highs in an uninspired trading session on Monday, with little equi-ty-related news around to give the market much direction. The 30-share DAX Index closed just 4.13 points up from Friday at 1,540.63, some five points off its high. Monday's closure of Wall
        292 words
      • Article
        AMSTERDAM
        295 28 DUTCH SHARES closed down after a quiet Monday session marked by profittaking in Heineken after the brewer reported 17 per cent higher first-half net on Friday, dealers said. The EOE Index drifted down throughout the session, closing 1.81 lower at 279.07. Most shares slipped into losses later on as
        295 words
      • Article
        PARIS
        377 28 EARLY BUYING stoked by the Bundesbank's weekend vow not to raise interest rates dissipated under the pressure of profit-taking on Monday, and the Paris bourse finished a choppy session in a consolidation mood. Traders said that the Bundesbank's pledge and a string of polls showing the "yes" vote gaining
        377 words
      • Article
        ZURICH
        310 28 SWISS SHARES closed slightly firmer in thin trade on Monday. Dealers said the market lacked new factors while easier Swiss franc money market rates and the stable dollar gave light support. The All-Share SPI Index rose 4.9 points to 1,109.4 and the SMI Index of leading shares added 13.9
        310 words
      • Article
        STOCKHOLM
        185 28 SWEDISH SHARES fell on higher domestic money market rates and continued dollar weakness on Monday. The bank index plunged 4.26 per cent, led by a three kroner fall to 31 kroner in the Handelsbanken A-share. The AllShare index fell 0.77 per cent to 746.5 while the Top-16 Index was
        185 words
      • Article
        BRUSSELS
        288 28 A LACK OF buyers on the last day of the current forward accounting period on Monday pushed Belgian shares down at the close despite several small gains. The Bel-20 Index fell 3.60 points to 1,066.76 as just 527 million francs worth of shares changed hands. Chemical and pharmaceutical group
        288 words
      • Article
        JOHANNESBURG
        485 28 LEADING SHARE prices pared earlier gains in late afternoon trade on Monday on news that Ciskei soldiers had opened fire on African National Congress (ANC) marchers, killing 14 people, dealers said. There was no selling pressure, but buyers were pulling prices down following the news. The weak financial rand
        485 words
      • Article
        MILAN
        274 28 ITALIAN SHARES closed broadly lower in thin trading on Monday as the market mulled over Friday's surprise hike in the Bank of Italy's official discount rate. Brokers said the market fell back to levels it stood at the close of kerb trading on Friday, just after the Bank announced
        274 words
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  • CURRENCY, MONEY & FUTURES MARKETS
    • Article
      Greenback opens lower in Europe as investors take cover in mark
      1165 29 REPORTS THE US DOLLAR came under pressure against the mark on Tuesday as investors sought safety in the German currency in the market turbulence which followed news that Finland was to float the markka. The Bank of Finland announcement
      1,165 words
    • Article
      INTERBANK FOREX RATES
      411 29 Cross rates sepg US$ S$ MS Dm Yen SFr AS NZS USS 1.5950 2.4920 1.4000 123.40 0.5008 1.2470 1.3928 1.8484 SS 0.6270 1.5624 0.8777 77.6680 0.3140 0.7818 0.8732 1.1589 MS 0.4013 0.64 0.5618 49.5185 0.2009 0.5004 0.5589 0.7417 Dm 0.7143 1.1393 1.7800 88.14 0.3577 0.8907 0.9948 1.3203
      411 words
    • Article
      MONEY MARKET
      544 29 Interbank rates SS Bid Offer I Overnight 7/8 t 1-month I 5/16 I 7/16 2-month 19/16 111/16 3-month 1 11/16 I 13/16 Overnight mode. 1/4 I US> Bid Offer 7 days 3 1/16 3 3/16 i 1 month 3 3/16 3 5/16 2 months 3 1/8 3 1/4
      544 words
    • Article
      Lock icon Currency markets give respite to embattled lira
      261 29 Reuter MILAN Currency markets gave a respite on Monday to the embattled Italian lira but industrialists and economists warned the government must act immediately on the crippling state deficit or risk a fresh speculative onslaught. A painful 1.75-point rise in the Bank of
      Reuter  -  261 words
    • Article
      FINANCIAL FUTURES
      1566 29 SIMEX EWWMH1AH Open High Low Sett Est Vol Act/Vol Op/Int Sep 92 96.81 %13 MJ0 5200 S311 ***** Dec 92 %.75 96.78 96.75 96.77 7400 6889 ***** Mar 93 96.73 96.77 96.72 96.75 6600 5341 ***** Jun 93 96.44 96.47 96.43 96.45 3600 2134 6060 Sep 93 96.08
      1,566 words
  • Page 29 Advertisements
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  • COMMODITIES
    • Article
      Lock icon De Beers, Russia tie up to lift diamond market
      380 30 Reuter MOSCOW The South Af-rican-based diamond giant De Beers said on Monday that it was working with Russia to lift the world diamond market from the doldrums, but that economic recession and wildcat suppliers were jeopardising efforts. Nicky Oppenheimer, the firm's
      Reuter  -  380 words
    • Article
      Lock icon Aussie, PNG oil producers eye US
      271 30 Reuter SINGAPORE Australian and Papua New Guinea oil producers, facing dismal sales prospects for light, sweet crude in Asia, are eyeing markets in the US West Coast and Gulf of Mexico, industry sources say. Though freight costs are widely considered too steep for many
      Reuter  -  271 words
    • Article
      M'sian crude palm oil ends steady in thin trade
      750 30 REPORTS MALAYSIAN crude palm oil prices recovered from earlier falls to close steady on light covering interest yesterday as talk of lower than expected Malaysian palm oil output and stocks in August continued to underpin values, dealers said. But trading remained
      750 words
  • Article
    PRICES
    1491 30 Rubber ttS C——Oty Exdwfi (Ww» dwtog m at Ipw) ESS I C—tract (S cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest Oct 92 138.50 137.75 138.50 1,025 2,200 Nov 137.50 136.50 137.50 1.175 3,625 Dec 136.00 135.25 136.25 225 3,500 Jan/Mar 93 136.25 135.25 136.00 450 16,275
    1,491 words
  • Page 30 Advertisements
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      Page 30 Advertisements Column 1
      35 30 mn IN urn iWijiiffl Find out in Personal Investment and Finance. Every Saturday in Business Times "It was plain sains selling my cabin cruiset" Mb Call today for results tomorrow. I CATS. I I 737-*****
      35 words
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  • Article
    AIRCRAFT ARRIVALS AND DEPARTURES
    1297 31 City FW«fct ETA Flight ETD Ma Dhabi GA895 1300 GA983 1315 MatoMa Qf81 1955 QF82 2205 SQ227 2245 A—— RJ182 1440 Amtadaai KL837 1255 SQ324 2200 GA895 1300 KL838 2240 SQ323 1840 2 tadtarf NZ21 1820 NZ22 1940 SQ288 2025 SQ286 2030 IMwia GF149 0650 GA911/524
    1,297 words
  • THE TRAVEL PAGE
    • Article, Illustration
      Legacy of colonial splendour
      649 31  -  LETTER FROM HANOI By Denis Gray IN colonial days, dashing French officers dined at the Metropole. During the years of war and privation, Soviet commissars drank vodka at its decrepit bar while attendants chased the rats away. Now, the rejuvenated Metropole Hotel hums with talk of
      649 words
    • Article
      FOREIGN CURRENCY NOTE RATES
      152 31 As at 10am yesterday: Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.1397 1.1332 Canadian dollar 1.3129 1.3393 NZ dollar 0.8530 0.8703 Sterling pound 3.1712 3.2142 US dollar 1.5900 1.5990 Local dollars to 100 uHs of iMp currency Austrian schilling 15.93
      152 words
    • Article
      WORLD TRADE EXHIBITIONS
      66 31 Duration Title Venue Organiser Tel Duration Title Venue Organiser > jM Oct 2-12 Tehran Teheran. Export Promotion (98)21/*****8 Oct 5-10 International Utrecht. Koninklijke 3l305tfifc International Iran Centre of Iran Building Netherlands Nederlandse Fair Construction Jaartoeurs Oct 3-11 Luxembourg Luxembourg Societe Des 352-*****15 Building V* International Fares Interna-
      66 words
  • Page 31 Advertisements
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      Page 31 Advertisements Column 1
      41 31 Discover the lengths Finnair go for just one price. A superb twice-weekly service from Singapore direct to Helsinki and daily connections to over 35 European destinations- all for one price. Call *****77 for details We knew Europe from start te Finnish.
      41 words
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      Page 31 Advertisements Column 2
      7 31 WEEKLY OVERSEAS EDITION Subscribe now. Call 749-2577.
      7 words
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      Page 31 Advertisements Column 3
      37 31 BR. Singapore soccer skipper T Pathmanathan, who quit international soccer on J Monday, tells how he was Jfmjhi once approached by a *-^8® bookie to throw away a He tells all about the Oitfflß newsy ffrr J
      37 words
  • Page 31 Miscellaneous
    • Miscellaneous
      Page 31 Miscellaneous Column 1
      258 31 7 Fool about to add bitter flavouring to some meat I——l—l 8 Lily means a great deal to _HL_— you and me (5) ho I I I 1 10 Mother chases a bird on 11 Not even a patient man can get casual work (3,3) L_L—L—L—L—L—L—l 12 Quite right to
      258 words
    • Miscellaneous
      Page 31 Miscellaneous Column 2
      167 31 Singapore Outlook: Showers over several areas in the late morning and early afternoon. Report Maximum temperature 32.5 Assoc humidity 59% Minimum temperature 25.2 Assoc humidity 94% Hours of sunshine 6.00 Rainfall in mm Nil Rainfall this month 22.5 Rainy days this month 3 World report Asia-Pacific Hi/Lo* Cond. Auckland 14/02
      167 words
    • Miscellaneous
      Page 31 Miscellaneous Column 3
      25 31 LiHftg.M&fflgtwgfti foT it on -metop snei_F our of Reft Cvi ueec vjou P,R£..6RISTOOJ..THe bUM"£J?) [of CRILDfcOJ \-A Nurses OP -we ojesT£R-J \T HOUSE. 8757 CMWO«»WWWWWLm.I«MW
      25 words
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  • Article
    Businessmen want stable govt for investor confidence
    510 32  -  Run-up to Thai election From Andrew Cooke in BANGKOK WHILE the rest of Thailand focuses on the candidates for the premiership in Sunday's election, the business community is more interested in the restoration of political and economic stability. Thai business leaders contacted by
    510 words
  • Article, Illustration
    Nippon Paint Thailand contributes one million baht to political stability
    372 32  -  From Loh Hui Yin in BANGKOK A THAI paint producer whose major shareholder is Singapore businessman Goh Cheng Liang is waging a "campaign" of its own in support of the country's general election this Sunday. But Nippon Paint (Thailand) Co
    372 words
  • Article
    Lock icon Khmer Rouge may soon rejoin peace process
    282 32 AFP BANGKOK The Khmer Rouge may be close to rejoining Cambodia's United Nations peace process which it brought to a halt by refusing to disarm, according to experts on Cambodia. But the analysts cautioned yesterday that it was still too early to be
    AFP  -  282 words
  • Article, Illustration
    Mahathir's new approach will win the North
    662 32  -  The Bottom Line MAGGIE FORD MAGGIE FORD The writer is BT's Jakarta Correspondent CHALK UP two international successes so far for Dr Mahathir Mohamad, a man who is clearly now ready to spread his wings. First, the Malaysian prime minister managed to focus
    662 words
  • Article
    Lock icon China warns US trade at risk because of F-16 sale
    352 32 Reuter BEIJING China warned the United States yesterday that trade between the two countries was at risk because of Washington's decision to sell F-16 jets to Taiwan. "How can the Bush government not have considered the serious consequences for future
    Reuter  -  352 words
  • Article
    Lock icon Japanese ministers deny links to Sagawa scandal
    460 32 Reuter TOKYO Almost the entire Japanese Cabinet 17 out of the total 20 ministers went on record yesterday to deny accepting political funds from the Sagawa Kyubin trucking firm that is at the centre of a damaging corruption scandal. One after the other,
    Reuter  -  460 words
  • Article, Illustration
    Lock icon ANC plans more protests after marchers shot
    238 32 AP BISHO, South Africa Angry African National Congress (ANC) supporters stood vigil and planned more protests yesterday against troops who fired on marchers in the Ciskci black homeland, killing at least 24 people, on Monday. ANC secretary-general Cyril Ramaphosa, who ducked for cover
    AP  -  238 words
  • Page 32 Advertisements
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      Page 32 Advertisements Column 1
      44 32 r" s Every Saturday in Business Times Fast, effective, asprin-free relief of colds/flu, sinusitis and hay fever including nasal congestion, sneezing, running nose, fever, A headache, minor aches and Ava,lable al 311 lead n P harmac,es pains. Sole Distributor: Summit Co (S) Pte Ltd
      44 words
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      Page 32 Advertisements Column 2
      12 32 VESTME Every Saturday in Business Times ANC launches propaganda war, Pg 11
      12 words
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  • Shipping Times
    • Article
      PSA awards $97m crane contract to two firms
      350 33  -  Noell to sunnlv six auav-side cranes, Samsung will deliver four units Byl Rahita Elias SINGAPORE The Port of Singapore Authority (PSA), in its continuing efforts to upgrade the port facilities, has awarded a $97.5 million crane contract to two companies. Noell GmbH
      350 words
    • Article
      Lock icon Report on upgrading Kuantan port completed, says official
      290 33 Bernama KUANTAN A report on the Kuantan port by a fourman team from Rotterdam port has already been forwarded to the Malaysian Ministry of Transport for consideration, general manager of the Kuantan port Tik Mustafa said. He said the team took six
      Bernama  -  290 words
    • Article
      Unithai to pay 180m baht compensation
      383 33 BANGKOK United Thai Shipping Corp (Unithai) is expected to face hard times following a demand by the Public Prosecutions Department that it pays 180 million bahts to the Supreme Command Headquarters as compensation for damaged cargo. Unithai was awarded the right to transport foreign
      383 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      1187 33 Page Col ABC Containerize 12 1 Accord Group 8 1-3 Ahrcnkiel Liner 16 4 Allied-Link 16 4/5 Alpha Feeders 6 1 < ANL 3 1/2 t APL 5 3-5 Arrow Int 9 2 Asia Cont Lines 14 5 < Asian Break-Bulk 16 3
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    • Article
      Lock icon Charterer fixes new sugar cargo from Santos
      228 33 Knight-Ridder LONDON Charterer Marc Rich provided new business on Monday with a cargo from Santos, Brazil, on the sugar freight market, brokers said. The charterer has a prompt, 13,000-14,000 tonne bagged lot from the port to options of the Baltic Sea, Black Sea
      Knight-Ridder  -  228 words
    • Article, Illustration
      Fels delivers fourth jack-up rig to Santa Fe International
      326 33  -  By Amir Khalil SINGAPORE Rig builder Far East Levingston Shipbuilding Ltd (Fels) last week completed and delivered its fourth harsh environment jack-up rig to Sante Fe International Corporation. The Magellan, built at a cost of US$lOO million (SSIS9 million), is the
      326 words
    • LOG BOOK
      • Article
        Bulk carrier grounded near Zhanjiang
        76 34 LONDON The 50,550-deadweight-tonne bulk carrier Joanna V went aground on Aug 27 and is still aground, according to Lloyd's Intelligence. The Cypriot-flagged bulk carrier had been anchored at the Zhanjiang anchorage when it swung during a flood tide. The vessel was left aground in position
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      • Article
        Officials inspect Stolt Span
        46 34 LONDON Chilean maritime authorities are inspecting the damage to the chemical tanker Stolt Span.according to Lloyd's Intelligence. The tanker sustained damage when it touched rocky bottom in the English Narrow on Aug 31. The Stolt Span is currently anchored off the port.
        46 words
      • Article
        Terminal suspends berthings
        92 34 LONDON The UK North Sea Sullom Voe oil terminal has suspended the berthing of tankers because of winds above the operational limit, a spokesman for the Shetland Islands Council Marine Operations Department said. But loading of two tankers already moored at the port is continuing. Berthing was
        92 words
      • Article
        Taiwan denies British deal
        80 34 TAIPEI Taiwan Aerospace Corp denied on Monday a newspaper report that it had reached an agreement with British Aerospace to co-produce passenger jets. "We have not reached an agreement and discussions are still continuing," company spokeswoman Suzanne Wu said by telephone. "There has been a lot
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      • Article
        Plane crash kills 12
        105 34 HINCKLEY, Illinois Twelve people on a Labour Day skydiving outing died on Monday when their plane crashed and burned in a field, police said. The De Kalb County sheriffs office said there were no survivors and the victims, including the pilot, were all men. Witnesses said
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      • Article
        Plane hits air pocket; 10 hurt
        129 34 NEW DELHI At least 10 passengers were injured yesterday when an Air India plane flying from Singapore to Madras was tossed violently while passing through a large air pocket, the Press Trust of India (PTI) reported. The aircraft with 193 passengers landed safely and
        129 words
    • Article, Illustration
      Lock icon Standards for distribution
      1115 34  -  Phillip Hastings looks at the challenges facing cargo operators Phillip Hastings FT THE RECESSION and increased competitive pressures are combining with much greater use of sophisticated information technology systems to make industry's distribution operations more efficient and cost-effective. In Europe, the trend is being re-enforced by the
      FT  -  1,115 words
    • Article
      DAILY FREIGHTS
      673 34 A FIXTURE on the key US Gulf/Japan heavy grain route at U5519.50 helped keep the otherwise dismal freight market in balance, brokers said on Monday. The Baltic Freight Index (BFI) remained steady at 1.059, but Gulf/Japan rose to U5519.46 from U5519.23. Gulf/West European light grain eased to US$lO.B6
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    • Article
      WEEKLY FREIGHTS
      405 34 FREIGHT shipping rates fell again over the past week, despite the announcement of an increased US export programme. with rates falling as dealers awaited any real pickup in trade. The market indicator, the Baltic Freight Index (BFI), closed at 1,059 points on Friday, 14 points down against the
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    • Article
      THE SHIPPING GUIDE
      8244 42 This is a list of ships loading at Singapore for ports around the world. It tabulates, by destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. LEGEND PN: ship calls at Penang after
      8,244 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        355 49 tMI< -VwmI Voyjk Berth Arm* Departut Marina Terminal 1 South Calm P195 S02 alongsde 0909/0730 Batam Baru B177 M03 ata«tfe 08 09/2300 Rimba Sepeti NC927 08 09/0900 1109/1800 Batam Murrn *****2 M05 a*x*side 08 09/2300 Batam Sayang *****2 M05 alongside 0809/2300 Batammdo 2 2040S M02 alongs* 08
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      • Article
        IN MALAYSIAN PORTS
        216 49 lafcott Pwt Berth: 1: n* 2: Changdu; 3: Ava; 4: Isparta; 5: Dunaj; 6: nil. 01 jetty: Queen Chie. DCk Tearose. Due an Sap t Bum Han, Gaz Coral, Johan I, Zadonsk, Bunga Dahlia, Barge Kuala Siak V. Due an Sep 9: Fertility L, Susan Maersk, Ocean
        216 words
      • Article
        CONTAINER SCHEDULE
        1561 49 DELIVERY OF ftt IMPORT CONTAINERS IH PROGRESS a» INy W> Cantawan «*li Mp ¥«y Wo Catalan 00a Advance 818W 0709.92 0710 1 2073N COO(EST) *****2 1500 37E 07.09.92 0945 Maco Robusta 078 COO(EST) *****2 1500 Ms Ataaras 9202 07.09.92 1025 Bangkok Br 11 COO(EST) 08.0992 0700 Hakata 9228F
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    • Article
      TRANSPORT DIARY
      759 50 Sept 15-16: Asia-Pacific Digital Cellular Mobile Communications, organised by IBC Technical Services Limited at The Mandarin Singapore. For further details please contact IBC Technical Services at tel: 732-1970 or fax: 733-5087. Oct 5 6: Conference on Quality Control in Asian Shipping, organised by IBC Technical Services Limited at
      759 words
    • Article
      US aviation body to upgrade its S'pore office
      450 52  -  Federal Aviation Administration to cater to growth in the region By Juliette Walker SINGAPORE The US Federal Aviation Administration (FAA) is planning to upgrade its field office in Singapore to a regional office to cater to aviation industry's explosive growth in Asia-Pa-cific.
      450 words
    • Article
      Lock icon EC officials fear US-Dutch air accord
      420 52 AFP BRUSSELS European Community officials fear the new "open skies" accord between the Netherlands and the US could scuttle plans to forge a united EC front in future aviation negotiations. Dutch officials said the agreement on Friday to grant airlines in both countries unrestricted
      AFP  -  420 words
    • Article, Illustration
      Lock icon Asia-Pacific air travel boom will continue into year 2000: analysts
      430 52 Reuter KUALA LUMPUR The booming Asia-Pacific region will shrug off a slump in air passenger traffic elsewhere to grow 10 per cent a year over the next decade against a world average of 6 to 7 per cent, analysts said
      Reuter  -  430 words
    • Article
      Lock icon Germany aims to be Europe's new regional jet leader
      329 52 Famboroueh Air Show FT LONDON Germany views the weakness of the world aerospace business as a chance to take the lead there again. Mr Jurgen Schrempp, chairman of Deutsche Aerospace (Dasa), aerospace arm of Germany's Daimler-Benz group, said it aimed to
      FT  -  329 words
    • Article
      Lock icon Cash-strapped GPA seeking funds for expansion
      583 52 NYT LONDON Ever since its planned initial stock offering flopped spectacularly in June, the GPA Group pic, the world's largest aircraft-leasing company, has faced a potential crisis> how to pay for the billions of dollars worth of new aircraft it has ordered over the
      NYT  -  583 words
    • Article
      Lock icon Dassault hopeful for the future
      346 52 AP PARIS French aircraft manufacturer Dassault Aviation SA is experiencing difficulties, but recent restructuring and orders equivalent to three years' revenue make the future "hopeful," chairman Serge Dassault said. The company, which makes the Mirage jetfighter, lost out last week on a multibillion dollar sale
      AP  -  346 words
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      Page 33 Advertisements Column 1
      18 33 LIMS Md MTVICM fIffMWM Mtmktr* «f tte Ufrtry «f tocrwMti For ailvertuing enquiries, contact Shipping Times: Tel 740-2089/740-2090.
      18 words
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      Page 33 Advertisements Column 2
      139 33 *J U >??*■ 'A. «f iSfafrC tMri fc> *3|• f V j. 3LJ|| Standards for distributions, Pg 2 Challenges facing cargo operators, Pg 20 We Offer More Service We're then when you need us... East or West, or in between. Your business isn't always plain sailing. So, there are times
      139 words
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      294 34 Someone dose has beenlving Your son in Canada is studying for some years, overseas. You've given up ■POSH And you want him The straits Times ■UMsH close to home Weekly tells It bettet -with news (He might KWW-J-ffS from home. comeback after reading all the good news.) To your principals
      294 words
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      3498 35 OOCL (3) PTE LTD JARDINE SHIPPING AGENCIES All If# TEL: *****11 FAX: *****09 AllMr BOOKINGS TEL: *****34 *****58 flillf TERMINAL/CFS TEL: *****18 220 P EflflflQ H PEBAKA JARDINE SHIPPING AGENCIES SDN. BHD. L VA*# J PORT KELANG TEL: *****18 FAX: *****91 *****88 rv TTT —TZ O PENANG TEL: *****4 FAX:
      3,498 words
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      Page 35 Advertisements Column 2
      223 35 Find out how sellers are reaching out to buyers in Advertising and Marketing. Every Thursday in BT g ~l'jji IVSL/VOY SIN NYC 1 BAL 1 OKf S»V "B SMttl DOM »J D/ll tJ/ll 11/ll */M I H UUMM Vf 17/9® 21/ M 21/ It H/ll 76/ M I ■N IUXHM
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      Page 35 Advertisements Column 3
      1350 35 WEEKLY DIRECT CALL TO SHIMIZU LEISE MAERSK 9211 ETA SIN 10/9/92 ETA SHIMIZU 22/9/92 VMMI Voy ETA ETO Feeder by DESTINATIONS Leerort/Anes TN* «Mk Matte Maarsk 9208 k».9«WßMlißliriawriaHWinß—gWlJWlgPHiqiTgrafgH— 15/9 0600 HRS CFS 15/9 2359 HRS JOH LPK PEN OAK LQ6 HOU MEM ATL MIA CHS BAL I PHI NYC |MON
      1,350 words
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      Page 36 Advertisements Column 1
      1495 36 pi i/i[i B [iV/t ROAM/ bbph VOY NO S PORE JEDDAH SHAMTON H BURG ANT LE HARVE KITANO 15/136 10/9 19/9 3/10 29/9 28/9 L Mi WESTBOUND THAMES 13/336 13/6 30/9 2/10 S/10 6/10 FOOT KELAMS 8 KNMMB ELBE 12/137 17/9 26/9 10/10 6/10 5/10 CIMO TO U/CflNimn HOECHST EXPRESS
      1,495 words
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      451 36 oc wans I AGENCIES (FAR EAST) LTD NOUAKCHOTT-B AN JUL-BISSAU-LUANDA-BATA Feeder Ve«»el ETA SIN ORIENTAL KNIGHT 14/09 VILLE DE LA FONTAINE 20/09 VILLE DE TUCANA 24/09 Also: CASABLANCA-ALGIERS-TUNIS-TRIPOLI /BENGHAZI AND ALL INLAND DESTINATIONS INDIAN OCEAN AND SOUTH AFRICA REGULAR SEMI-CONTAINER SERVICE VESSEL SPOBE PKI LOMMNG FOB KAWIAN GMSMHVIR 10/09 PBIECT
      451 words
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      Page 36 Advertisements Column 3
      1562 36 RIkUAMA X.MMM WMBI REGULAR INDEPENDENT FULL CONTAINER SERVICE I VSL/VOY SIN ALQ BCL* HAM LMA* I NORASIA SAMANTHA 9221-3 15/09 07/10 OS/10 11/10 12/10 12/10 13/10 14/10 15/18 I NORASIA SMGA 9229-3 21/09 14/10 16/10 IS/10 19/10 20/10 21/10 22/10 23 ID NORASIA SUSAN 9230-3 29/09 21/10 23/10 25/10 26/10
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      1826 37 H STRAITS SHIPPING PTE LTD 10 Ho« Chiang Road #11-01 Keppd Towers Singapore 0208 Td: ***** M Fax: *****17 ACCEPTS CARGO DUE MAS SMGVORE PHOMI PEMH STMHS STAR VISE Muafi. lib. UK 09 S«p 10 Uf ARK TIS PMNCESS W203 S«p 19 Sep STRAITS VENTURE V22E Mu»». l»b. KK 11-12
      1,826 words
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      Page 37 Advertisements Column 2
      1801 37 SINGAPORE AGENT: Dfl/\ P/vMfni«iA4»r PAO Containers (Singapore Agencies) Pte Ltd 1(lV% ft .Ofirai Tiers 10 Hoa Chlan<> Road #07-01 KEPPEL TOWERS. SINGAPORE 0208 A Tat: 225 2233 Ta»ax: RS ***** PNOCSP Fax: 225 5327/222 7517 CR Numbar: **********0Z WOY r== ALO tou ANT MOT NAM VE66EL VOY ART WOT HAM
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      Page 38 Advertisements Column 1
      699 38 CR NBR **********0-D EXPRESS SEMI CONTAINERSHIP SERVICES TO EUROPE Kl ¥OY STOW ROAM MAM H'BtfG BREMEN ANTWERP SMMMTA 35N6 MPT (PI I) SlO 12/10 IC/10 20/10 KUTN 6/10 J/11 15/11 20/11 23/11 FAST TRANSIT TIME ACCEPTING BREAK BULK/CONTAINERISED CARGO Subject to lnduc*m«nt. Alto accepting cargo to Casablanca, Port Said, Port
      699 words
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      Page 38 Advertisements Column 2
      1564 38 OHANJIN SHIPPING TOR VSI SJN LM HAUL LGB OAK fOR VSI SH ILK HAU. SAY AM NYC HANJN VANCOUVER 010E 12 9 DRECT 410 1/10 HANH QUI Ottf 14 9 M. YOKOHAMA 04 IE 22/10 23/10 25/10 HANIM OSAKA 002E 20 9 ORECT 11/10 14 10 HAMN R NANCY AW
      1,564 words
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      Page 38 Advertisements Column 3
      1278 38 j i- t rrrr=rrrm^^ 4 B 1 v k MB M MB B 1 Irn sgp use hkc kig rns hrt osk nsy sou iyo ui chs bal nyc uw an* mm nr no aa m ssr Wf GOUKN IK 034 I hft 14/9 14/9 10/9 21/9 22/5 24/9 25/5
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      Page 39 Advertisements Column 1
      1776 39 NEPTUNE AGENCIES PTE LTD SINGAPORE TEL: *****77 (CR NO: **********0E) BOOKINGS (FOR ALL NOL SERVICES) NEPTUNELINK TEL *****00 (TOLL-FREE) USA SERVICE TERMINAL OFFICE *****22 FAR EAST SERVICE *****00 IMPORT CFS F9: *****69/*****96 UK/EUROPE SERVICE (TOLL-FREE) EXPORT CFS F9: *****53/*****50 AUST/INDIA/PAK NEPLINE SDN BHD MALAYSIA NEPTUNELINK TEL' (03) *****23 Jr K.L.(03)
      1,776 words
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      Page 39 Advertisements Column 2
      1145 39 |i m sinsov I SINGAPORE SOVIET SHIPPING CO PRIVATE LTD I BOOKING: *****51/ *****64/ *****06 (FESCO LINE) ENQUIRIES: *****33 I MARINE INSURANCE SERVICE: *****87/ *****87 I KL: 03-*****75/697 PORT KELANG: *****43/ *****40 JAKARTA: *****57 I PENANG: *****4/ *****8 JOHORE BAHRU: *****1/ *****1 11 (REGULAR INDEPENDENT SERVICE) FULL CONTAINERSHIP SERVICES I
      1,145 words
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      Page 40 Advertisements Column 1
      1647 40 MBp 99 AS AGENTS: KAWASAKI SINGAPORE (PTE) LTD (CH Hi: **********011) W TEL: *****77 TELEX: KAWAKI R*****5 FAX: *****07/8/9 V I |%l M MALAYSIA: "K" LINE MARITIME (MALAYSIA) SDN BHD I A mi m A MLmJ TEL: SA *****00 PK *****75 PENANG *****0 JB *****1. KAWASAKI KISEN KAISHA, LTD Indonesia:
      1,647 words
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      Page 40 Advertisements Column 2
      944 40 PHIU ORKNT UNfS PTfITD SSS^S!.S.K«STS™»»» OrjO BY AIR, LAND OR SEA.... -fegL VV£ TAKE ON THE WORLD FOR YOU Sjffr w ucmrebofsinGAPOßE FREIGHT FORWARDERS ASSOCIATION lip i 11 IP ST MAARTEN, SAN *AR ANTAFAGESTA. GUAIQUILA, BENUEBENTURA I a ABERDEEN, LE HAVRE. HAMBURG. 12 S ROnrTERDAM ANTWERP. GOTHENBURG. VIENNA. BUDAPEST. BUCHAREST
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      Page 41 Advertisements Column 1
      2247 41 asaiyff PACIFIC INTERNATIONAL LINES (PTE) LTD M mKm 140 Cecil Street. #03-00 PIL Building, Singapore 0106. Tel: *****33 CR NO: **********0E I JAKARTA I I BANGKOK I J VESSEL VOY SIN JKT SIN W 12/9 52 2» KOTAMDAH 371 13/9 1M 20/9 SRISAMUT (THAI FLAG) SRS34N 1M W/l 2*9 i
      2,247 words
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      Page 41 Advertisements Column 2
      845 41 EXPRESS CONTAINER SERVICE TO UK-NORI IQOKtTO IT-SCANDINAVIA WEEKLY p P GUDANGI PENANG PKELANG OCEAN VSL/VOY SIN SOU (1) RTM (2) HAM (3) GOT (4) e tl/9 12/9 TOYAMA 2362 15/9 2/10 4/10 5/10 7/10 g JB/9 18/9 19/9 ABOSIA 2372 22/9 9/10 11/10 12/10 14/10 p 25/9 25/9 26/9 NIHON
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      Page 41 Advertisements Column 3
      268 41 °BSA° TRANSPORTATION %mmK MYANMA \BBk FIVE STAR LINE (Myanmar National Line) Loadvic for Yangon (Rangoon) S'port PJUt Pm fGd| VI lON SM N P» ■MMMLAV V3SW In PI PMTA VI24R 12/10 S«p PAGAN VI UN 14/10 S«p »/12 J* HPA-AA Vlllll 20/22 S« NIGERIAN NATIONAL lamL SHIPPING LINE NIGERIA EXPRESS
      268 words
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      2433 44 Full Container Liner Services Malaysia's Ajents: Indonesia's Agents: General Agents: Booking Agents Gnan 6mm Shipping Ma 6M Chang Chiao Shtpprng $4* SM F.T. Glohal Patra Indonesia Maritime Costar Shipping Pte Ltd S**r Freight Mat c«t» MM 5S Pers/aran Rata Muda Musa 29 A Jalan Kovtf Hilir ji IR h Juanda
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      Page 44 Advertisements Column 2
      241 44 n== SAMUDERA MOMESU (S) PTC LTD McCALLUM STREET #05-01/02 NATWEBT CENTRE Singapore 0106 T«tos: R*****0 T«k *****01-3 Fix 223 MM, 227T1M FOR BOOK Mat CALL DIRECT UME TEL: *****41/*****43 SM/JAK SERVICE VESSEL VOY SIN JAK D6RAJAT 998 IN PORT 11/09 (FRI) MERKUR DELTA 939 IN PORT 13/00 (SUN) MAJESTY 907
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      Page 45 Advertisements Column 1
      679 45 fit FAMOUS CONTAINER LINES 10 ANSON RD. #15-21 INTERNATIONAL PLAZA, SPORE 0207 HOT LINE: *****33 (24 LINES) UMASSOL/PKEAUS 12/9 ROTTERDAM 12/9 HAIFA/ASHDOD/ALEXANORIA 12/9 HAMBURG/BREMEN 12/9 MARSEILLE/FRANCE 12/9 FELIXSTOWE/UK 12/9 BARCELOHA/SPAIN 12/9 LEHAVRE/ANTWERP 12/9 GENOA/ITALY 12/9 GOTHENBURG/SCANDINAVIA 12/9 LOS ANGELES/WC/PI 12/9 SYDNEY/MELBOURNE 12/9 NEW YORK/EC 12/9 FREMANTLE/ADELAIOE 19/9 VANCOUVER 12/9 BRISBANE
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      Page 45 Advertisements Column 2
      776 45 Ya!\ TEL: *****33 (12 Line*) L=J FAX: *****15/*****03 TELEX: R3 ***** RISHIP (3 Line*) pIQ ETHIOPIAN SHIPPING LINES (National Lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL VESSEL |VOV ETA LOAOtMG FO« SPORE ABVOT 29W8 In Pt DARESSALAAM MOMBASA DJIBOUTI ASSAB. MASSAWA ANtXNET MUM OS/10 DARESSALAAM MOMBASA DJIBOUTI ASSAB MASSAWA g
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      Page 45 Advertisements Column 3
      433 45 JAKARTA BANGKOK *psd. wi a» t Iwa. Iww —mm. mmm WWW BHUM 157S *PT 12/09 MOW mm* 123R DM HPI Sm 13/09 BENJA BUM 43S 12/09 15/09 MRA BHUM 21N Thu 10/09 Sii 13/09 WWW gjggj IMS 16/09 19/09 Mmj BHUM 41N fti 11/09 Mon 14/09 WN)» K** 44S 19/09
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      Page 45 Advertisements Column 4
      341 45 I mmh VSL VOY BMQAPORE MADRAS SMGAPOfIE KBEI m 91 MM SB t«» asm 32M lt-u/M i7-M/n 2*-nm rca bods am i«-iv» zin/n zs-k/m ma SIM UN 17-11/ M 24-25/ M 91-tt/M nsa SRED 222* 21-22/ M 27-29/ M M-M/10 VSL VOY SMQAPORE/CALCUTTA/SMQAPOfC *ssi dot sn cm. LHOTS 471 14-11/
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      Page 46 Advertisements Column 1
      1491 46 GROUPAGE \Z)\y JPENANG: (04) *****6 SIBU: (084) *****9 KUCHING: (082) *****3 P.KELANG: (03) *****77 JAKARTA: (21) *****32 SURABAYA: (31) *****0 HKG/TWN/BKK GOTH/U.K/MED PORTS PKL SIN PEN PK SIN lam 10/9 11/9 Hon Kon Ldn/Fli/Rdm/Ant 11/9 12/9 13/9 M/ 9 14/9 15/9 Hong Kong Gburg/Chagen/Shofcn/Oslo 15/9 16/9 17/9 10/9 17/9 18/9
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      Page 46 Advertisements Column 2
      26 46 BBULK SERVICE TO CONSTANTZA, ROMANIAN PORTS, RED SEA/MED PORTS A VESSEL ETA SPORE 25-30 SEPT FOR ENQUIRY AND BOOKINGS TEL: *****33 (ROSALIND) *****06 (C APT LOH)
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      Page 46 Advertisements Column 3
      291 46 BLUE STAR LINE SINGAPORE TO AND FROM NEW ZEALAND AND PACIFIC ISLANDS SM AKL IYT S* PROSPECT 20S h Pt 20/9 22/9 1/10 HI STM 0528 17/9 30/9 2/10 11/10 PREMER 20S 29/9 11/10 13/10 29/10 FULLY CONTAINERISED SAILINGS DISCHARGING AT AUCKLAND, LYTTELTON, ACCEPTING FCL LCL FOR NEW PLYMOUTH, NAPIER,
      291 words
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      Page 46 Advertisements Column 4
      1171 46 THONG SOON UNES PTE. LTD.] 77 ROBttSON ROAD #15-00, #16 00 SIA BULOMG SNGAPORE 0106 TEL: *****58 FAX NO: *****11, *****22 I TLX: RS ***** CARRO, RS ***** JENHOL CABLE: TOSOCO SINGAPORE TO SARAWAK SINGAPORE TO WEST MALAYSIA I VESSEL I*o* S PORE (oEST VESSEL TTor SPttt P. KUUK I
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      801 47 COMPANIA PERUANA DE VAPORES X "PERUVIAN STATE LINE" ACCEPTING BREAKBUIK FCL/SOC CARGOES TO/FROM CALLAO. MATARANI, 10* ft OTHER PERUVIAN PORTS* WITH T/S AT KO6E ON CPV THROUGH BUL OF LADING. WgVEVERETT ORIENT LINE" JAPAN/BAY OF BENGAL/JAPAN SERVICE ACCEPTING BREAKBUIK/SOC CARGOES TO/FROM KOBE. YOKOHAMA, NAGOYA, MOJI, TOKYO*, MANIA*, DAVAO*, Pcnanf* P.
      801 words
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      Page 47 Advertisements Column 2
      597 47 \CZ3 ZIM |y77l CBBtal—f UA&J N.AMERICA/CARRIBEAN SERVICES WSSEI VOY SBI HANWI VOY lAI AST SAY WYC HFI m rtNEZIA 103E 13/9 2M IVAN 31 12/10 21/18 2VIO 27/18 24/18 m MELBOUME 2161 17/9 M PUSAN 17E 22/18 31/18 4/11 6/11 8/11 m TOKYO 75E 21/9 M PUSAN IK 22/18 31/18
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      Page 47 Advertisements Column 3
      687 47 [W MLTUMK SHVPIN6 PTC LTD II MIDDLE-EAST/PERSIAN GULF ACCEPTING FCL/LCL DUBAI OAMMAN SHARIAH. DOHA. MUSCAT. BAHRAIN ABU DHABI BANDAR ABBAS. JCDOAH FAR EAST ACCEPTING FCL/LCL PCNANG. P/KELANG lAHARIA, BANGKOK. HONG KONG TAIWAN JAPAN, MANILA KOR€A UK/EUROPE ACCEPTING FCL/LCL LONDON. FELIXSTOWE. LEEDS. TILBURY. ABERDEEN LE HARVE HAMBURG ROTTERDAM ANTWEP GOTHENBURG. COPENHAGEN
      687 words
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      Page 47 Advertisements Column 4
      446 47 IllUHWllillMjlSM! MONTHLY DIRECT CONTAINER SERVICE SIN TO ALGERIA ALSO CALLING MARSEILLE/LASPEZIA TWICE WEEKLY CONTAINER SERVICE SIN/MADRAS/SIN WEEKLY CONTAINER SERVICE SIN/CALCUTTA/SIN WITH TRANSHIPMENT TO: ASEAN/AUSTRALIA/FAR EAST/MEDITERRANEAN/EUROPE WEEKLY CONVENTIONAL SERVICE SIN TO CHINA WEEKLY CONVENTIONAL SERVICE MADRAS/COLOMBO/ BOMBAY/KARACHI WEEKLY CONVENTIONAL SERVICE EAST AFRICA/RED SEA/ MEDITERRANEAN CARGO BOOKING LUCKY TRANSPORT 8 FREIGHT CO
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      Page 47 Advertisements Column 5
      488 47 Si FAI EAST 12/9 KEELUNG/KAOHSIUNG 13/9 BANGKOK 11/9 MANILA/CEBU 12/9 JAKARTA/BELAWAN/SURABAYA 14/9 PORT KELANG/PENANG/E. Malaysia 14/9 BUSAN 14/9 TOKYO/YOKO/KOBE/NGO/OSA 14/9 HONG KONG Si CHINA 14/9 GUANGZHOU/HUANGPU/SHENZHEN FUZHOU/XIAMEN/SHANTOU DALIAN/SHANGHAI/XINGANG TIANJIN/QINGDAO/HAIKOU also accepting LCL cargo Si EUROPE/UK 12/9 LDN/FLX/LVP/SOU 12/9 RDM/HAM/ANT/LE HAVRE/GENOA/OSIO also accepting cargo to Austria/ Hungary/Roumama/Poland/Bulgaria/Czech. Si USA/CAMAD* 13/9 LOS
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      Page 48 Advertisements Column 1
      756 48 ECONOLINES I We deliver 2040 points throughout 17 We provide weekly consolidations to 32 countries in conformity with 13 imcoterms Discharging ports at own Bonded Warehouse total demands in shipping for carrying your with in house customs service and Routler goods from door to door trucks for home deliveries at
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      Page 48 Advertisements Column 2
      468 48 Eonterm/ CONTERM FREIGHT (F.E.) PTE LTD. AUCKLAND WELLINGTON LYTTLETON (CHRISTCHURCH) 17 SEPTEMBER ACCEPTING TO ALL PORTS IN NEW ZEALAND BANGKOK 13 SEPT JAKARTA 14 SEPT PENANG 14 SEPT PORT KELANG 17 SEPT FREMANTLE 11 SEPT MELBOURNE 12 SEPT SYDNEY 12 SEPT FELIXSTOWE 12 SEPT HAMBURG 12 SEPT ROTTERDAM 12 SEPT
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      Page 48 Advertisements Column 3
      930 48 This Week's Sailings j To! ETD To! ETD Singapore Singapore Hamburg 13/09/92 Bangkok 13/09/92 Los Angeles Manila 11/09/92 (Onforwarding to Mid West/ 13/09/92 Colombo 14/09/92 f MM Singapore 778 6522 779 2738 UfiL Johore 07-*****8 07-*****3 Alfred Ng Qljfc) -~-Jm Jf&f Jakarta 021-*****40 021-*****01 Troy H*u 77&UVS-Z/A//C- MCp C CUT
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      Page 49 Advertisements Column 1
      91 49 FOR SUCCESSFUL MANAGEMENT OF YOUR BUSINESS L o^y J <^> 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
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      Page 49 Advertisements Column 2
      160 49 mwmm WEEKLY LCL CONSOLIDATION SERVICES TO EUROPE PORTS WITH CONNECTION TO MORE THAN 206 INLAND POINTS. AUSTRIA HUNGARY RUVVIft VELCIUM MELANO SWITZERLAND BULGARIA ITALY SPAM DENMARK NORWAY SWEDEN FMLAND NETHERLANDS TURKEY FRANCE PORTUGAL TE CHECHOSLOVAKIA GREECE POLANO UNITED KMROOM GERMANY ROMANIA YUGOSLAVIA MAKE YOUR ENQUIRIES TODAY HOT LIME 273-0466 YUSEN
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  • Page 49 Miscellaneous
    • Miscellaneous
      Page 49 Miscellaneous Column 1
      444 49 TIDES AND WEATHER TODAY'S TIDES (heigtit in metres) HOIK 0000 0100 0201 0300 0400 0500 0600 0700 OMO 09M*****1M12M13M1410 ISM ICOOI7M UN 19M 2MO 21M 280 2300 JR 20 15 1.1 08 06 06 07 1.1 15 19 2.2 2.2 2.0 1.7 1.4 1.2 LI 1.1 1.3 17 U 2.5
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      Page 50 Advertisements Column 1
      570 50 1 W&L MAN HUAT SHIPPING CO (PTE) LTD. I 10 Anton Road, #14-19/21 International Plaza, Singapore 0207. Tel: *****11 (16 lines) Fax: *****04 Tlx: RS ***** AB LENHUAT Daily receiving cargo at Paair Panjang Terminal PT4 Tel: *****97 FULLY CONTAINERISED AND CONVENTIONAL SERVICE TO MYANMAR (YANGON) VESSEL ETA ETD DESTINATION
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      Page 50 Advertisements Column 2
      554 50 cosco ukc conventiowal service VESSEL PKL PNG P.O. LOADING FOR: A VESSEL 20/09 Rotterdam/Antwerp CHINA CONVENTIONAL SERVICE VESSEL PKL PNG P.O. LOADING FOR: TRANS ASEAN 15/09 20/09 Huangpu/Guangzhou COSCO FULL CONTAINER SERVICES (FCI/FCH EXPORT TO: CHINA/ BANGKOK/HONGKONG EUROPE/CONTINENTAL WEST MEDITERRANEAN AUSTRALIA US WEST COAST PERSIAN GULF/KARACHI Please refer above mentioned
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      Page 50 Advertisements Column 3
      456 50 yj n H ■Kn k Kl'J 11 »7ii [•J w BEUING CHANGCHUN CHANGSH/^^pb^ CHENGDU CHONGQING FUZHOU GUILIN HARBIN KUMMING NANNING QUANZHOU SHEKOU SHENYANG SHENZHEN WUHAN XIAMENXIAN ZHENGZHOU .Jgj CP>% IMb /shenzhin shipping Tel: 227 4788 Fax: 227 2Q83 SKH DISTRIPARK PTE LTD 77 Robinson Road #16-02 SIA Building, Singapore 0106
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      Page 51 Advertisements Column 1
      1112 51 A HYUNDAI I MERCHANT MARINE GO. LTD. WESTBOUND TO EUROPE rasas PRA PKE-t- s« HTM AWT* LEH* HAM BKtt FtL a •BtPtlO€NC£ 301W 11/09 11/09 13/09 02/10 02/10 03/10 03/10 03/10 06/10 R FRONTtR 301W 25/09 25/09 27/09 16/10 16/10 17/10 17/10 17/10 20/10 a. MARKR 301W 09/10 09/10 11/10
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      Page 51 Advertisements Column 2
      452 51 STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO I HEAVY LIFTS INBOUND VESSELS vtssu w n rk u SMARA I z 11/1 Tim ATI 13/9 IS/I CISMC HAS TEA 12 M/» CUM! TIMER 2t II 9 tunc TUMI 21 (l/l CALAMI MS 1 11,1 21/1 INK 2 21/1 23/1 MAKE KEAI
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      Page 51 Advertisements Column 3
      768 51 maL y f JEDDAH/UK/CONmNENT [STOBE l ED S TON K9UC I DAM LtH •MM Accept* Cap'« Ml MO 15/131 11/9 19/9 VII 29/9 21/9 Sorilupptai to MIM fetMutan Bdltsl jnd CM* HUMS 13/3331 13/9 31/9 2/11 VII 1/10 totlrtai :to M Mn», taatfrian. 0* HMi ELBE 12/137 11/9 21/9 18/11
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      Page 51 Advertisements Column 4
      116 51 MBWTAN6 MAS SHIPPING PTE. LTD. 39 NHL ROAD SMGAPORE 0208 TEL: *****88 TLX: R*****5 SMMER FAX: *****64 ACCEPTS POUTS Of CAMO STOKE OESTMATIONS MERCURY PEARI VI7E MlO Sep Muvi Labum BMTANG BELAfT ¥20E 12-14 S«p 14-15 S«o BnhJu Mn. KBcM MERCURY MOC VISE 12-14 S<p 14-15 Stf Muau. Ltbuar BMTAN6
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      Page 52 Advertisements Column 1
      98 52 INVESTMENT Every Saturday in Business Times T/ I* could be a controversial deal between two stock market stars, a thought-provoking report by university researchers on the latest trans-Euiopcan FOCUS zooms in on the news and issues of the day and looks at them in more depth and breadth. FOCUS is
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      Page 52 Advertisements Column 2
      113 52 x-;jyij p^PpL 1 C W INVESTMENT NOTICE NOTICE 1) M.V. SHINSHU MARU VOY. 2 ARRD 2STH AUGUST 1992 2) M.V.JUPITER ACE VOY. 17 ARRD 29TH AUGUST 1992 Cooaif neea of all damped cargoa ex Ike captioned veaaela are hereby •olilied Oat a feneral aurvey wil be held oa UK 10th
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