The Business Times, 11 September 1992

Total Pages: 48
1 48 The Business Times
  • 15 1 Business Times THE BUSINESS PAPER FOR S-E ASIA 75* MITA (P) 35/12/91 Friday, September 11,1992
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  • NEWS SUMMARY
    • 56 1 FARNBOROUGH, England The four-nation European consortium Airbus Industrie said yesterday that Philippine Airlines has ordered up to 10 of its A 340 wide-bodied aircraft worth just over US$l billion (SSI.6 billion). Airbus said Philippine Airlines placcd firm orders for six of its longhaul wide-body A
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    • 61 1 MOSCOW Russia adopted a new energy policy yesterday which calls for free prices for oil and coal that "will reach world levels during 1993", the minister responsible for energy said. The move is expected to send shock waves throughout the Russian economy where agriculture
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    • 36 1 TAIWANESE and Indonesian investors behind the Kuang Hwa Industrial Park on Batam island are scouting for jointventure partners for a US$l62 million (about ***** million) container terminal to service the estate's tenants Page 2
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    • 24 1 US House majority leader Richard Gephardt called on Wednesday for a renegotiation of North American Free Trade Agreement (Nafta) Page 3
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    • 26 1 APPLE Computers has restructured its worldwide operations so that its plants will supply products to countries nearby, reducing production and shipping costs Page 3
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    • 34 1 LISTED company PT Indah Kiat Pulp Paper, embroiled in a furore over the employment of Chinese technicians in Indonesia, has been issued a warning by the Jakarta Stock Exchange Page 4
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    • 35 1 THE US economy is worsening, and President George Bush will not be re-elected, according to the latest survey of 52 of the most influential American economists by Blue Chip Economic Indicators Page 9
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    • 30 1 INDONESIA could draw business away from Singapore's bunkering industry when projects at Karimun and Bintan islands are fully completed in a few years' time. Shipping Times Page I
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  • MARKETS SUMMARY
    • 30 1 WALL STREET opened slightly higher yesterday, with the Dow Jones index of leading industrials posting a 3.23 point gain to 3,274.62 in the first five minutes of trading.
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    • 40 1 LONDON share prices were higher at midday yesterday on the London Stock Exchange. At about 1130 GMT, the FTSE 100-Share Index was up 9.5 points, or 0.4 per cent, at 2337. Volume at midday was 225.7 million shares.
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    • 28 1 NASDAQ-listed Creative Technology has formed a joint venture in China to develop computerised digital musical instruments and new multimedia software for the international market Page 4
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    • 33 1 IN A MOVE to diversify its international business, listed brokerage Kim Eng Holdings has bought a share in the Hongkong Futures Exchange through its subsidiary in the colony Page 4
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    • 27 1 RIGBUILDER Far East Levingston Shipbuilding (Fels) will buy the remaining stake in US arm Amfels, said Fels chairman Loh Wing Siew yesterday Page 4
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    • 11 1 THE South Korean markets were closed yesterday for Chusok.
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    • Article, Illustration
      29 1 Thursday Change BT-MGA 659.87 -0.08 Kuala Lumpur ....584.19 -2.42 Tokyo 18.908.47 +32.92 Hongkong 5.631.55 -95.44 Sydney 1.484.0 5.1 Wednesday Change New York 3.271.39 +10.80 London 2.327.5 -10.2
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    • 23 1 Exchange rates USS S$ 1.5935 100 Yen S$ 1.2913 MS SS 0.6387 Money market rates Overnight 7/8 +1/8 3-month 1 13/16% unch
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    • 34 1 London Gold AM fix US$341.75 USS-1.35 Rubber Spore Oct.... 14l.50*/kg +2.50 M'sia Oct..... 217.50»/kg +1.50 KL Tin Turnover 40tonnes +4 Spot M$16.60/kg +0.10 Crude Dakn oil Turnover I083lots +481 Sep MS875 /tonne +11
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  • 574 1  -  Group may be forced to sell prized assets to reduce Ms3oom debt From Leslie Lopez in KUALA LUMPUR MALAYSIA'S financiallystrapped Innovest Bhd has come under increasing pressure from its bankers in recent weeks to meet its obligations on debts of over Ms3oo million
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  • 341 1 Funds for public works and interest payments Reuter TOKYO Japan is set to draw up a USS24 billion (Ss3B billion) supplementary budget in the coming months to help finance the government's record pump-priming economic package to stimulate the flagging economy, analysts
    Reuter  -  341 words
  • 337 1  -  From Sylvia Wong in TOKYO ELEVEN months from the opening of its huge store in Singapore's Ngee Ann City, Japanese retailer Takashimaya has staged a coup by securing the exclusive right to open Harrods of London stores in South-east Asia.
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  • 422 1  -  From Loh Hui Yin in BANGKOK SINGAPORE has been chosen as the site for the AsiaPacific Economic Cooperation (Apec) secretariat. In a brief speech of thanks after delegates to the Apec meeting here made their choice, Singapore's Deputy Prime Minister Lee Hsien Loong
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  • 242 1 AFP, UPI BANGKOK Thai Prime Minister Anand Panyarachun has used an annual military reshuffle to remove scores of officers involved in the bloody May crackdown on pro-democracy protesters, it was reported yesterday. The reshuffle effectively removes all the senior and middle-ranking army
    AFP,; UPI  -  242 words
  • Page 1 Advertisements
    • 127 1 Mflßß Vcraft Sd*dute 27 Jkt/Bkk/Chma Stocks 21 TV Radio U Commodities 26 KLSE 19 Unrt Trusts 18 Company News 4-6 Money Changer Rates 27 Weather 27 Cryptic Crossword 27 Money Market 25 World Stock Markets 24 Edrtonal 10 Regional News 8 Financial News 7 Regional Stock Markets 23 Business Times
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    • 24 1 Hock Lock Siew: Imprudent to ignore Sime, Pg4 'm IQtfoaSujiTjyfig^ Mi ll Raffles 328 North Bridge Road Tel: *****03 I Departmental Store Tel: *****63
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    • 12 1 SALAMANDER WTST GFR-MA-W J Sole Agent WONG BROTHERS SHOE TEL 2&33 &43
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  • PAGE 2 NEWS
    • 492 2  -  Taiwan-Indon firm wants to build container terminal By Genevieve Cua SINGAPORE Taiwanese and Indonesian investors behind the Kuang Hwa Industrial Park on Batam island are scouting for joint venture partners for a US$l62 million (about ***** million) container terminal to service the estate's
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    • 194 2 BRUSSELS Dutch financial services group International Nederlanden Groep (ING) was poised yesterday to launch a friendly US$2 billion (about 553.2 billion) takeover bid for Banque Bruxelles Lambert SA (BBL) after months of jostling for control of Belgium's second largest bank. ING said
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    • 132 2 WASHINGTON Singpore Defence Minister Dr Yeo Ning Hong, who is on his first official visit to the US, reviewing the honour guard at a welcoming ceremony at the Pentagon yesterday. He is flanked by US Commander Colonel Joseph Hunt and Secretary of Defence Dick Cheney.
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    • 366 2  -  By Dawn Tan SINGAPORE The Economic Development Board (EDB), a major shareholder in chip-maker Tech Semi Conductor Singapore Pte Ltd, is said to be considering lending $100 million to the fledgling company. Discussions between the statutory board and Tech directors are currently underway
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    • 158 2 SINGAPORE Mobil Oil, which shut a 190,000 barrel-per-day (bpd) crude distillation unit here following a half-hour sewer fire on Wednesday, has served force majeure notices on a few of its product customers. A Reuter report yesterday quoted one trader as saying that the US-based
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    • SINGAPORE ROUNDUP
      • 88 2 THE Malaysia-Singapore Joint Committee on the Environment agreed to focus on a campaign to promote greater use of unleaded petrol in Malaysia and Singapore, according to the Ministry of Environment. At a Kota Tinggi meeting, which ended last Saturday, the committee noted that the joint
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      • 88 2 OHIO GOVERNOR George Voinovich, leading a trade delegation from the American midwest state, yesterday said Singapore companies expressed interest in doing business in three areas: machine tools, food packaging and processing, and environmental technology. Representatives of 13 mid-west companies involved in those businesses were part of
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      • 66 2 Corrections clarifications THE PRESIDENT of the Singapore Chinese Chamber of Commerce Industry, Mr Tan Eng Joo, has pointed out that he did not say members of his mission to Manila would be making an initial investment of three billion pesos in the Philippines. What he said was that "if the
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    • 507 3 Labour, environmental provisions badly flawed: Gephardt NYT WASHINGTON Dealing a blow to congressional prospects for the North American Free Trade Agreement, House majority leader Richard Gephardt said on Wednesday that the labour and environmental provisions were so badly flawed that the
      NYT  -  507 words
    • 379 3  -  By Schutz Lee SINGAPORE Japanese electronics giant Sony will soon join the growing ranks of multinationals which have design units here. The Sony Design Centre, as it is tentatively called, will focus on designing consumer goods, beginning with audiovisual products, for Sony's
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    • 301 3  -  From Maggie Ford in JAKARTA JAKARTA Stock Exchange president Hasan Zein Mahmud has issued a warning to listed company PT Indah Kiat Pulp Paper, which is at the centre of a furore over the employment of Chinese technicians in Indonesia. Mr Zein,
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    • 213 3 SINGAPORE Local companies with ambitions to become world-class companies were yesterday urged to tap the knowledge and expertise of government-linked companies (GLC) or multinational companies. Lim Boon Heng, the Senior Minister of State (Trade and Industry), said local companies should
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    • 402 3  -  By Claire Leow SINGAPORE Apple Computers has restructured its worldwide operations so that its plants will supply products to countries nearby, reducing production and shipping costs. The US computer giant said it was doing so in order to stay competitive and innovative. Analysts, meanwhile,
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  • Page 2 Advertisements
    • 147 2 The new German way to fly. more enjoyment to shorten your long journey. Lufthansa. (kill JMh'' y I m^. There's good news for all those who fly to Frankfurt on business or holiday. Firstly, Lufthansa now has 9 non-stop weekly flights to Frankfurt. Secondly, our Business Class cuisine has joined
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  • Page 3 Advertisements
    • 195 3 WARWICK UNIVERSITY MBA THROUGH DISTANCE LEARNING w iiumtittwi 1 Warwick Business School, which is this year celebrating 25 years of excellence, was rated as an institution of international stature" in the research selectivity exercise carried out by the universities Funding Council (the body through which Government funds are allocated to
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    • 101 3 Trans-Pacific relationships in the balance, Pg 11 /> f A J f y Marquise, Brilliant, Pear-shaped or Emerald-cut, a Tiffany engagement Th ere s a reason for this. dearest diamonds, which are then cut to return most to c^e e y e Th f priority is beauty, not size. But
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    • 9 3 Fels to buy remaining stake in Amfels, Pg 4
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  • COMPANY NEWS 1
    • COMPANY BRIEFS
      • 66 4 KUALA LUMPUR Perlis Plantations Bhd recorded a slight drop in its group pre-tax profit to M$ 102.29 million (5565.5 million) for the six months ended June 30, 1992 from M$ 109.49 million previously. Group turnover, however, rose to Msl.s billion from M 51.34 billion. It
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      • 43 4 SINGAPORE United Motor Works International Pte Ltd (UMWI) has become a substantial shareholder in Stamford Tyres Corp Ltd. Earlier this week, UMWI bought 204,000 shares in Stamford Tyres for $104,214, representing 5 per cent of the company's issued capital.
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      • 54 4 SINGAPORE Scripless trading of Times Publishing Ltd and Alexandra Holdings Ltd shares will begin on Oct 23. The companies yesterday issued circulars on their conversion to the scripless system. Investors in both companies can deposit share certificates with The Central Depository Pte Ltd between Sep
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    • 39 4 IN yesterday's BT, it was reported that Singapore Automotive Engineering had clinched a contract to supply China with about 700 motorcycles. This is incorrect. The motorcycles are destined for Taiwan. We are sorry for the error.
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    • 265 4  -  By William Chia SINGAPORE Kanzen Bhd, formerly Dreamland Holdings Bhd, has announced that group net earnings in the year ended June 30 rose 16 per cent from a year earlier to M 55.81 million (553.7 million). The company, which released its audited
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    • 456 4  -  By Teh Hooi Ling SINGAPORE Nasdaqlisted Creative Technology, inventor of the world-famous computer card Sound Blaster, has formed a joint venture in China its next growth market. The Beijing-based company, called Chuang Tong Multimedia Computer Ltd, will develop computerised digital musical
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    • 210 4 SINGAPORE Hotel Royal posted net earnings of $935,000 for the half-year ended June 30 up nearly 83 per cent from the $512,000 a year ago. The jump in earnings was achieved on a 10.9 per cent rise in interim turnover to $3.61 million from $3.26
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    • 302 4  -  Company's first move into futures By Shoeb Kagda SINGAPORE Listed brokerage firm Kim Eng Holdings has bought a share in the Hongkong Futures Exchange through a subsidiary in a move to diversify its international business. The move into futures is a first
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    • 454 4 Reuter KUALA LUMPUR Statecontrolled Malaysian Industrial Development Finance Bhd (MIDF) said yesterday its role as provider of cheap funds to industries will not conflict with obligations to minority shareholders after its flotation. "I don't see that there has to be a conflict
      Reuter  -  454 words
    • 406 4  -  By Rahita Elias SINGAPORE Rigbuilder Far East Levingston Shipbuilding (Fels) will turn its US arm Amfels into a wholly-owned subsidiary by buying the remaining 23 per cent stake in the Texas-based company. The proposed purchase was disclosed by Fels chairman Loh Wing Siew
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    • 423 4  -  THE HOCK LOCK SIEW COLUMN By Leslie Lopez KUALA LUMPUR After turning in a record profit this year. Malaysian conglomerate Sime Darby Bhd doesn't appear too optimistic about its future earnings. The blue-chip company, however, is best known for its ultraconservative management style, so
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    • 384 5 China-controlled firm chalks up whopping 950 pc profit rise Reuter HONGKONG Chinacontrolled Citic Pacific reported a 950-per-cent surge in interim profits yesterday, underlining its drive to challenge the supremacy of Hongkong's local and Britishrun business establishment. Citic Pacific, a subsidiary of Beijing's China International Trust
      Reuter  -  384 words
    • 226 5 Reuter WELLINGTON Food producer Goodman Fielder Wattie Ltd (GFW) has said it is aiming for a minimum growth in net profit after tax but before extraordinaries of 15 per cent in the year to June 30, 1993, compared with its just released
      Reuter  -  226 words
    • 246 5 Reuter MELBOURNE Australia's biggest retailer, Coles Myer Ltd, said it will boost its dividend and make a bonus share issue despite flat earnings in the 1991/92 year. Coles, 21.16 per cent owned by K Mart Corp, reported a net profit of A 5370.7
      Reuter  -  246 words
    • COMPANY BRIEFS
      • 59 5 WELLINGTON New Zealand's diversified forestry and energy group Fletcher Challenge Ltd said it will sell a third of its wholly-owned subsidiary, Natural Gas Corp, to Australian Gas Light Co. A further third of the company is to be floated to the public. Total revenue from
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      • 68 5 HONGKONG Real estate group Hysan Development said its net profit rose 27.21 per cent to HK5514.0 million (S$ 102.8 million) in the first half of its fiscal year ended June 30 from HK5404.1 million in the year-earlier period. Chairman HC Lee said the Hysan board expects
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      • 93 5 BANGKOK A Thai businesswoman is suing Thai Prime Minister Anand Panyarachun and 25 of his ministers for terminating an elevated road project, the official Thai News Agency said on Wednesday. Patcharee Wongpaitthoon, who filed the 40 billion baht (552.5 billion) suit on behalf of her
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      • 88 5 BEIJING New issues on the Shenzhen stock market planned for this year will be postponed because of riots last month, an official newspaper reported. Plans to open China's third formal stock exchange in a northern city have also been shelved indefinitely, the Beijing Youth News
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    • 474 5  -  From Maggie Ford in JAKARTA INDONESIA'S power and cable companies posted sharply improved interim results, largely because of Jakarta's drive to improve infrastructure, especially in the telecommunications and electricity supply sectors. PT Sucaco, the market leader with a 30 per
      474 words
    • 434 6 City against implementing proposals too hastily LONDON Bankers and traders in Britain's City of London financial district have objected to government plans to tighten insider dealing laws to match EC requirements. The Treasury said it would introduce the new legislation in
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    • 301 6 Reuter NEW YORK There are few indications the Dow Jones Industrial Average is poised to break out to record highs in the near future, but technical analysts say they are finding attractive stocks to buy. Ralph Acampora, head of technical research at
      Reuter; Source: TeleTrac  -  301 words
    • 155 6 LONDON Bacardi International believes it has found the right one. The Bermudabased international rum company is to take a substantial stake in Martini and Rossi, the Italian vermouth and wines group, according to industry sources. The alliance between the two privately-owned drinks companies, each
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    • COMPANY BRIEFS
      • 122 6 LONDON The Stock Exchange has excluded British Aerospace, Britain's top exporter, and Pilkington, the glass maker, from the FT-100 Index of top shares, saying their stock market capitalisation is insufficient. Four other companies will leave the index, known as the Footsie, on Sep 21
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      • 94 6 BRUSSELS The Brussels Stock Exchange plans to change the companies listed in its BEL-20 Index of leading Belgian shares, a Brussels Bourse official said. "We want to fine-tune the index before Belfox (the Belgian futures and options exchange) launches an options and futures contract on
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      • 69 6 NEW YORK Michael Losh, General Motors vice-presi-dent and group executive in charge of North American vehicle sales and marketing showing a general-purpose, no-fee credit card called the GM Card, introduced in New York on Wednesday. Consumers can earn a 5 per cent rebate using the
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  • Page 4 Advertisements
    • 725 4 IN THE MARKET PAGES! SET at 4-month high 21 HK stocks dive 22 The Sanwa Bank Limited INCORPORATED IN JAPAN Non-consolidated Balance Sheets Non-consolidated Statements of Income and 31st March, 1992 and 1991 Retained Earnings rii|)io||j o( Y#n For the years ended 31st March, 1992 and 1991 1991 MrftonsofVen ASSETS
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  • Page 5 Advertisements
    • 375 5 For once, moving in the right circles means setting a trend not following it. The new Audi 100 needs no reassuring badge. AUDICARE KEEPS AN AUDI THREE YEARS Just four distinctive circles that symbolise its QUAT n»o mocohten afuuy auo»ca*e YOUNGER? advanced luxury and extraordinary technical depth. SAFmsYsrw. GAivA**Deoov Once
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  • Page 6 Advertisements
    • 76 6 HHHHfIH National University of Singapore IHHMHi H| Presents A PUBLIC LECTURE H I PROFESSOR BARUCH S BLUMBERG I Lee Kuan Yew Distinguished Visitor BDB9 I Discovery of Hepatitis B and its H Future Implications Date Friday, 18 September 1992 Time 6.00 pm Venue LT 27, NUS MtOONC ADMISSION FREE. ALL
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  • FINANCIAL NEWS
    • 476 7 Reuter WASHINGTON Banks in the US roared back to strength in the second quarter, earning a record US$7.9 billion (S$ 12.6 billion), the government has said. Low interest rates and fewer troubled loans were key factors in the earnings gain the
      Reuter  -  476 words
    • 169 7 Bloomberg HONGKONG The Hongkong government is proposing guidelines to restrict banks from using secret cash reserves to disguise their financial performance from the public, the South China Morning Post said yesterday. The territory's Commissioner of Banking David Carse said that such guidelines
      Bloomberg  -  169 words
    • 347 7  -  By Harish Mehta SINGAPORE Laos has given two foreign companies approval to set up a jointventure bank branch in the capital of Vientiane. And six banks from Thailand, Australia, France and Taiwan are expected to get the go-ahead soon to establish
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    • SMALL CHANGE
      • 85 7 ABU DHABI Creditors of the collapsed Bank of Credit and Commerce International (BCCI) here have started voting on a local compensation offer as shareholders advised them to accept it. The court receiver for the BCCI in the United Arab Emirates (UAE) said ballot
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      • 49 7 FRANKFURT Deutsche Bank is the first German bank to gain permission to open a unit in the Vietnamese capital, Hanoi. The branch was officially opened yesterday with another one opening shortly in Ho Chi Minh City, formerly Saigon, Deutsche Bank said in a statement.
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      • 74 7 WASHINGTON State regulators delayed taking action at the Executive Life Insurance Co even though they knew years in advance that the huge insurer was insolvent, a congressional agency said. The US General Accounting Office, which serves as the investigative arm of Congress, found state regulators
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      • 84 7 WASHINGTON Members of the International Monetary Fund will have to boost their capital contributions as a result of the demands coming from increased membership in the organisation, the IMF said in its annual report yesterday. The IMF board of governors in June 1990 authorised a 50
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    • 339 7 Reuter BOMBAY India's central bank, trying to tighten regulations after the country's worst financial scandal, warned local and foreign banks yesterday that they faced "severe penal action" if they flouted its rules to make money. The Reserve Bank of India (RBI) said claiming that
      Reuter  -  339 words
    • 394 7 Reuter LONDON Jostled by a report that the powerful German Bundesbank believed a fall in the British pound and the Italian lira was inevitable in any future currency reshuffle, sterling came under relentless pressure from the mark in currency markets on
      Reuter  -  394 words
  • Page 7 Advertisements
    • 194 7 a deep centre for jp- and stability direction. I I Mieet the metalwoods Taylor Made Tour The from Taylor I he Taylor Made "V" comes greens for a the shaft technology, a pacewoods development from Taylor throne take Taylor Made's Made ground-breaking technology to "torque", "kick-point" and "weight" new perfectly.
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  • THE REGION
    • NOTE BOOK
      • 55 8 WASHINGTON The United States may have to consider imposing economic sanctions against the Khmer Rouge for refusing to participate in the UN-sponsored peace process in Cambodia, a top US official said. He said that the sanctions could include closing off Khmer Rouge trade
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      • 71 8 MANILA The Philippine supreme court yesterday acted on a counter-protest filed by President Fidel Ramos charging that his chief rival in last May's election cheated him of votes. The court, acting as the presidential electoral tribunal, ordered the impounding of election materials from Miriam Santiago's
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      • 47 8 JAKARTA Indonesia, the world's fourth most populous country, has passed a law allowing abortions to save a mother's life, the Jakarta Post newspaper reported yesterday. Doctors who break the new law will face up to 15 years' jail and 500 million rupiah in fines.
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      • 98 8 TOKYO Indonesian Forestry Minister Hasrul Harahap urged Tokyo on Wednesday to further reduce tariffs on plywood to boost Indonesian exports to Japan, officials said. Mr Harahap, on a visit to Japan as a member of a joint forest fact-finding mission from Indonesia and Malaysia, made
        98 words
    • 193 8 Bloomberg SYDNEY Key economic data out yesterday signals that the Australian economy is making a slow recovery, dashing hopes for a cut in interest rates anytime soon, analysts and traders said. "There is no chance of a rate cut now," said Geoff Armstrong, a
      Bloomberg  -  193 words
    • 484 8 Country said to be on brink of economic take-off Reuter MANILA Political stability and a liberal investment policy are slowly luring foreign capital that has long steered clear of the Philippines, economic analysts say. Although the domestic economy remained weak in the first half
      Reuter  -  484 words
    • 220 8 AFP KUALA LUMPUR Malaysia's telecommunications minister refused to step down yesterday over his alleged role in a shares scandal, saying he would not succumb to public pressure until investigations were completed. "The question of my resignation does not arise," S Samy Vellu, Minister
      AFP  -  220 words
    • 233 8 Reuter BANGKOK The Thai economy has recovered faster than expected from the impact of bloody riots in May due to a revival of the country's tourist industry and strong exports, a government think tank said on Wednesday. The National Economic and Social
      Reuter  -  233 words
    • 352 8 Prolonged decline in national oil production worries Yangon Reuter SINGAPORE Myanmar, anxious to slow a prolonged decline in oil output, is discussing joint ventures with foreign companies for both new development and petroleum refining and marketing arrangements. "We are at the moment discussing (upstream
      Reuter  -  352 words
  • Page 8 Advertisements
    • 154 8 Change of name. XT A /TT3 13 ni-* V ivilj rssxiic JL 1 XT XJL# JLJr V^XXXV IJ* 1 A name worldwide to >A' v m A* v -j::>•■'• v. :> •>** >*■*> < r < ING Bank. <» i lIPIII x *♦I t- v NT* I HMI f 1
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  • THE WORLD
    • 447 9 Blue Chip forecasters lower '92 growth rate to I.Bpc Reuter WASHINGTON The US economy is deteriorating, and President George Bush will not be re-elected, according to the latest survey of 52 of the most influential American economists by Blue Chip Economic Indicators.
      Reuter  -  447 words
    • 46 9 BONN German Foreign Minister Klaus Kinkel (left) and Defence Minister Volker Ruehe comparing their height at the start of the second day of the 1993 Budget debate in the Lower House of the German Parliament (Bundestag) on Wednesday.
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    • 371 9 Move has brought more problems than expected NYT BONN Chancellor Helmut Kohl acknowledged on Wednesday that he had mishandled some aspects of German unification. M We did a lot right, but also some things wrong," Mr Kohl told Parliament as it convened for its
      NYT  -  371 words
    • 429 9 Baghdad has USssb in frozen assets worldwide AP UNITED NATIONS The US has revived a plan to hit Saddam Hussein's government where it hurts the wallet. Diplomats say Washington and its allies want to seize an estimated US$5 billion (about SsB
      AP  -  429 words
    • 460 9 Reuter ROME The Italian government said on Wednesday it would seek emergency three-year powers from Parliament to deal with a deepening economic crisis. Prime Minister Giuliano Amato also announced plans to sell the state's controlling stake in one of Italy's largest banks, Credito Italiano,
      Reuter  -  460 words
    • WORLD WATCH
      • 115 9 HOMESTEAD, Florida Rebuilding the southern Florida economy after Hurricane Andrew may require billions of dollars more in financing than the amount covered by insurance and even the new aid proposed by President George Bush. Some federal funds will help hard-hit businesses and home-owners,
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      • 53 9 BOSTON Hunger in the United States has grown by 50 per cent since 1985, spreading beyond inner cities to affect about 30 million people, a report released on Wednesday said. The report was prepared for the Democratic chair of the House of Representatives Select
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      • 39 9 MAASTRICHT On the eve of the start of the new school year, two young schoolgirls look at the Maastricht campaign posters stiched near their school. The posters read: "No to Maastricht Treaty, No to Mitterrand."
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      • 68 9 GENEVA Taiwan's application to join the General Agreement on Tariffs and Trade is set for a major step forward by being aired at Gatt's ruling council later this month, US deputy mission chief Andrew Stoler said. The question is a sensitive one because of
        68 words
  • Page 9 Advertisements
    • 164 9 a To Us mm it's a HB MultiMillion 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
      164 words

  • 512 10 EDITORIAL THE economic history of the 1990s will surely be remembered for the speed with which the world's trading nations grouped themselves into trade blocs (and created acronyms galore). The European Community (EC) led the way, first aiming for a Single European Market (SEM) among its 12 members,
    512 words
  • WHAT THE OTHERS SAY
    • 309 10 IT IS EASY to understand China's anger over the US decision to sell F-16 jets to Taiwan. To Beijing, the act represents a violation of its sovereignty, which covers Taiwan. It says the sale is a betrayal of the Sino-US communique of 1982 under which Washington promised
      309 words
    • 95 10 AT THE NAM Conference in Jakarta, PM Goh Chok Tong urged Singaporeans to look at the region and the Third World as their potential markets. The fact the Mr Goh suggested the importance of creating an economic link-up shows our future strategy towards creating economic space. As
      95 words
    • 105 10 FOR THE last 40 years after the war, the German people have been thinking long and hard about the war crimes of Nazi Germany. It is this keen conscience that makes Germany, its people and politicians, profoundly aware of the dangers of the anti-foreign riots incited
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  • REGIONAL VIEWPOINTS
    • 217 10 THE moral of the story on increasing economic crimes is the need for more morals. Ultimately, as Inspector-General of Police Tan Sri Haniff Omar so succinctly puts it, morals are what counts. Laws, he said, were not enough to stop dishonest people because they thrived on
      217 words
    • 163 10 YESTERDAY the Japanese Cabinet gave its formal approval to what will be widely but wrongly seen as the first dispatch of Japanese troops overseas since World War 11. More accurately, for the first time the Japanese government has been able to respond positively to a United
      163 words
    • 131 10 THE THORNIEST dilemma facing a politicallyaware voter on Sunday will not just be the simple one of who to vote for, but the difficulty of calculating the hidden repercussions and consequences of that vote. Such crucial matters as the control of the economic ministries are far
      131 words
  • 878 10  -  Tsukasa Maekawa examines the reasons behind Japan's policy shift towards a more active role in Asia Tsukasa Maekawa Reuter JAPAN wants to play a more active political and economic role in Asia, but analysts say its long-term dependence on the United States and possible fears
    Reuter  -  878 words
  • Page 10 Advertisements
    • 817 10 I ac-Union Europeenne, I (1C GROI l» International et Cie I I (A BANK INCORPORATED IN FRANCE) I (txpremed fc rthwamto ofFreact Frnaa) I Consolidated Balance Sheet I Consolidated Statement of Income I As at December 31 I ASSETS 1991 1990 Year ended December 31 EXPENSES 1991 1990 I CASH.
      817 words
  • Page 10 Miscellaneous
    • 33 10 DOONESBURY GARRY TRUDEAU V onai-TO-5 ~7~ SV (MtKBrrSKPOKT RATING $CAI£,H£HAS>* HHAVSMWN6 NOT OJTTE [yd WnHWU, MR.R&f&N. H5 A 5 H AK&, ONLY GOT \£WSATTS- MTHHWPO& WT UEIL =L J HAS? JP2SL, HtNBPTOVe KBPAN
      33 words

  • ANALYSIS
    • 1156 11  -  Will the recent Nafta agreement lead to increased accord or discord among the Pacific trading partners? Philip Bowring on what could happen in the future Philip Bowring The writer is a former editor of the Far Eastern Economic Review. IHT SHOULD East Asia welcome or
      IHT  -  1,156 words
    • 983 11  -  Chris Patten is bringing a breath of fresh air to the post of Governor of Hongkong, and even Chinese officials, so far, are wary of what they say about him. Stephen Vines, in a report for BT, profiles the man who aims to do his job in
      983 words
    • 585 11  -  Joseph Fitchett looks at the problems dogging pan-European attempts to develop high technology programmes Joseph Fitchett IHT FROM its space programme to futuristic television, from new computers to advanced weaponry, Europe is flagging in its ambitious quest to develop high technology to compete with the
      IHT  -  585 words
  • Page 11 Advertisements
    • 44 11 CARPET AUCTION Mmm 100 carpets and rugs from Persia, Pakistan and Afghanistan. All carpets are backed by a full trade-in guarantee at our showroom. Auctioneer r Presenter: LEE BOON CHUA Y PETER HEDGER 24A/26 Lorong Mambong (Holland Village Back Area) Singapore 1027 Tel: *****28
      44 words

  • SPORTS
    • SIDE LINES
      • 94 12 SVETI STEFAN, Yugoslavia Boris Spassky has already won as many games in his re-match with Bobby Fischer as the Russian chess master managed to claim in their celebrated 1972 championship. With a victory on Wednesday, Spassky moved ahead 2-1 in the controversial US$5
        94 words
      • 76 12 BLACKPOOL, England Thai snooker superstar James Wattana was made to struggle before reaching the fourth round of the £224,000 Dubai Classic on Wednesday night. Eliminated from the European Open on Monday, the world number seven from Bangkok was in trouble again against Scotland's Billy Snaddon when he
        76 words
      • 81 12 MONZA, Italy Alain Prost, whom Nigel Mansell believes plotted against him when the two drivers were at Ferrari, has definitely signed to drive for Williams next year, the world champion said on Wednesday. Mansell said his own position at Williams, which he helped to break McLaren's four-year
        81 words
      • 72 12 BOLOGNA, Italy US sprinters swept the 200 metres and Canada's Bruny Surin edged former world record holder Calvin Smith in the 100 metres here on Wednesday night. In the 200 m, Michael Bates, a bronze medallist in the Olympics at Barcelona, clocked 20.53 seconds as he edged
        72 words
      • 98 12 AUCKLAND America's Cup challenge skipper and top match racer Chris Dickson will skipper a Japanese-sponsored yacht in the next Whitbread Round The World yacht race. Dickson, who was at the helm of the Nippon America's Cup challenge earlier this year, will be competing in the
        98 words
    • 744 12 US Open Reuter, AFP NEW YORK The bruising rivalry between Jim Courier and Andre Agassi exploded into all-out baseline war on Wednesday, blistering the US Open with its fury. "Everyone was talking about how I am not playing well," said a haggard Courier, pacing in the
      Reuter,; AFP  -  744 words
    • 260 12 AP OAKVILLE, Ontario Even though he has a new title, one of the top four in the world, Nick Price is reluctant to relinquish an older one. "I've become accustomed to being introduced on the tee as the Canadian Open champion," Price said. "I
      AP  -  260 words
    • 1047 12 NYT LAS VEGAS A left turn and there was Hector Camacho, running past the incandescent marquees for which Las Vegas Boulevard is famous: bright lights decreeing sexy shows, cheap buffets and Liza headlining at the Desert Inn. Camacho was in a black training
      NYT  -  1,047 words
  • Page 12 Advertisements
    • 347 12 NOW, A HIGHWAY TO INDONESIA rs^™ J&TRAT^Y^^i ~Mlst£s«»*^fcfa r In today's competitive business world. information is a key factor which will give the edge. And. to get to the heartlands of Indonesia's economic and business affairs. one magazine more than any other, has more to show. tell and inform: ECONOMIC
      347 words
    • 108 12 Aerospace Technilogy Helps this ball Defy ghivity. No. we're not kidding! To design Precept. Bridgestone pulled no punches New Aero Dynamic (NAD) design technology, usually used to develop ballistic missiles, was employed The result is a ball that actually generates greater life in flight, reducing drag and the effects of
      108 words

  • Page 13 Advertisements
    • 585 13 Allow us to spell out the features of the new LQ-100 personal printer. 1 1 1 P (g) ABC C PERSONAL PRINTER RELIABLE EASY TO OPERATE COMPACT $W WW .'AW.V.. 1 .V. AVAVAWA W .V. A*A AV V.V A WV. AV VA A A*. AV W, if w w. 1
      585 words

  • Page 14 Advertisements
    • 751 14 Nothing Beats A Bud. Iftfflrfll where to wine, dine or I presents for the firsUmre in Stf^gapor^^^MMjjj^Wj 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
      751 words
    • 327 14 daiITAT PINE^SwTj^B Bt. You'll enjoy our delicious selection of authentic Beijing DianXin served amidst the splendour of an Imperial Court. May we expect you today? From noon to 2.30 pm. immj K*. Ala carte menu available. |OQ[ vi/hntdmm ffi frK>-i»~ 333 Orchard Road. Singapore 0923. Tafc *****11 I MM BWKK^
      327 words
  • Page 14 Miscellaneous
    • 644 14 TELEVISION AND RADIO 11 Tt A 9 O ~SBCI2 r^ r 1240 mm)r% Wailtod (Ste BUSINESS ON RADIO v \A/k|QT 7 o ifi Q nQtTIP r s c ,i.nti,l./ g°> 7.00 cm lldl 3 HI ft lldlllV O 7 -*5 followed by The 1 t!00 National News(M). S^«SL^o!L»- Nightly Mmm
      644 words

  • LIFESTYLE
    • 1010 15  -  Steve Lawrence and Eydie Gorme have been singing together for about as long they have been married to each other. Bernard Weinraub reports Bernard Weinraub NYT BY 11.30 PM, Steve Lawrence and Eydie Gorme are stepping quickly into their dressing room at the Desert Inn in Las Vegas,
      NYT  -  1,010 words
    • 476 15 CHATTERBOX LOVE means nothing in tennis unless it involves such sexy gossip as a fling between two-fisted swinger Andre Agassi and actress-singer Barbra Streisand. Then cameras zoom in, ears perk up, and what simply could be a mutual affection gets blown into a hot-blooded
      476 words
  • Page 15 Advertisements
    • 214 15 AND ENTERTAIN THE OCEAN'S CATCH Our Seafood Buffet on Fridays are "fishy" affairs. Drop by for the freshest catch from the ocean At Cafe-in-the-Park Buffet Lunch from 12 pm Buffet Dinner from 6.30 pm At $19.50+ per person JOL ANA HOTEL For rewr»»tioos, plewe call 732-1222 extension 1700 T es)
      214 words
    • 72 15 ■Complimentary Birthday (Boohing 24 Hr» in advance) I •Lobster Salad with Sea cucumber wlmnced B H Fresh Fruit meat ch* sauce fl Sharks fn with crab meet Siechuan style chi crabs H fl Drunken Live Prawns Season vegetables w/oyster sauceß Red fish wfsoya bean crumb Shang Hat style Fried Noodle
      72 words
    • 132 15 DICKENS LOUNGE (PARKWAY PARADE) CORALAND SHELL (BOAT QUAY) TAKE 5 (BUGIS >- 1 *****11 0 IMQBjI ffinimdt^vl B A QUART BOTTLE OF £\&gi2 THE WORLD'S I I. V MOST POPULAR SINGLE MALT WHISKY O 1 AND YOU TOO COULD END UPOR <||| A QUART BOTTLE RICHER IN THE ~A| Glenfiddich
      132 words

  • STOCK EXCHANGE OF SINGAPORE 1
    • 3696 16  -  By Lilian Ang INDEX-LINKED stocks ended a notch higher yesterday on bargain hunting, but the broader market was generally softer. Attention remained focused on Malaysian speculative stocks. The benchmark Straits Times Industrials Index edged 3.53 points higher to end at 1,372.07, off the day's
      3,696 words
    • Article, Illustration
      68 16  -  Quak Hiang Whai MULTI-PURPOSE Holdings has enjoyed a good run in the past month, climbing to 83 cents yesterday from 60 cents in midAugust. However, short-term indicators like the daily RSI and stochastics are pointing to a heavily overbought situation. Weekly stochastics are also near 100. The stock
      68 words
  • Page 16 Advertisements
    • 61 16 ■■IW vl^B 1 mil I" Singapore: THE HOUR GLASS Lucky Plaza Tel. *****20/1 Scotts Tel. *****27/7198 Centrepoint Tel. *****98/603 Peninsula Plaza Tel. *****09/*****63 Palais Renaissance Tel. *****62/543 Raffles Tel. *****41 Indonesia: THE HOUR GLASS (Licensee) Plaza Indonesia. Jakarta Tel. 21-*****6/*****1 Malaysia: THE HOUR GLASS Lot 10 Centre. Kuala Lumpur Tel.
      61 words

  • 3218 17 OUE 655 +15 +2.3% FAN 1010 +10 +10% Jurong Ship 50« 680 +10 +1.5% KeppelCWt 330 +10 3.1% Kcppel Corpn 610 +10 +1.7% SPH 845 +io +1.2% Semb Shipyard 695 +10 +1.5% Keppel C Wt 97 160 +8 +5.3% Hai Sun Hup 20" 209 +7
    3,218 words
  • Page 17 Advertisements
    • 121 17 YOUR KEY TO BETTERBUSINESS DECISIONS! ngapore Press Holdings' inforich database financial statements highlights, graphs, latest results team: T. S. Liu on 740 1035, Haid Ong on 740 1771 VJH on Teleview which incidentally is the most advanced and company news. or Tony Chia Mfky 1 1C 1 For a subscription
      121 words

  • 3304 18 Oriental Hldgs 560 +25 +4.7% YTL Corpn 50* 163 +13 +8.7% Diversified Res 67 +12 +21.8% Betjaya Leisure 125 +5 +4.2% Golden Plus H 106 +3 +2.9% MAS 342 2 0.6% Mulpha InU 50* 32 +2 +6.7% GIL USS0.I0 88 +1 +1.1% Asia Pac Ld
    3,304 words
  • Page 18 Advertisements
    • 963 18 BIM^^SinMES Toll-free Tel No: 737-0043 Fax No: 734 3698 —smncnßrv THE COMPAMES ACT. CAP. 90 AND M THE MATTER OF JUTANHAK COSMETICS PTELTD At an Extraordinary General Meeting o( the morrOors dthe company held tf 99, Start Street. #04-15. QoMan Wal Canary 071 a on Frdiav, 24 August ISBS. tha
      963 words
    • 338 18 IN THE MATTER OF THE COMPANIES ACT, CAP.S* AND IN THE MATTER OF P A L INTERNATIONAL PTE LTD (MEMBERS' VOLUNTARY WINDING UP) At an Extraordinary General Meeting of the Members of the abovenamed Company duly convened and held at 248 Jalan Teliti, Singapore 1953 on Saturday. 5 September 1992,
      338 words

  • KUALA LUMPUR STOCK EXCHANGE
    • 5255 19 Motor stocks buoyed by talk of easier financing for vehicle purchases Bernama, Reuter SHARE PRICES in the Kuala Lumpur stock market closed broadly mixed yesterday as sentiment turned uncertain in the afternoon after the Tokyo bourse gave up most of its earlier
      Bernama,; Reuter  -  5,255 words

  • BT SHARE INFORMATION SERVICE
    • 202 20 fiaginj Date Year Graap N«t PM aaratag* 6ra»« mm to pram/feu (L) par ahara dMdaad COM) (eaata) GPS Sep 7 Mar 92 $13,952($12,546) 41 3(47 9) 118TE(11TE) tsetan Sep 7 Mar 92 $7,755($10,140) 23.5(31) 10(10) Insas Sep 7 Jun 92 M$4,1091(15.6881) —<—) Kamonting Sep 7 Mar 92 M$20,125($7,431)
      202 words
    • 679 20 Mail Mart Last RM Taar e m—t PerM Mi tar EPS fin* M mmmod eatag (cto) ptaM M par (wm) EMS Fntf Nov 6 Jul 91 3 OTE 17,8781 tacal Interim Aug 6 Dec 92 190 10.0 37.(07 MS Lai Interim A* 23 Dec 92 7 9
      679 words
    • 237 20 Ci—«y D«t« Yaar Ctm» pretax Nat Mratags Crass mm to pram/tots (L) Hf akara flvtoaad CMO) (caate) FAJ Ins Sep 7 Jun 92 A$46,3631 ($288.2261) -(40) Sea View Sep 7 Jun 92 $11,505($8.681) 35 8(25 5) 10(8) Cons Plant Sep 5 Jun 92 M$114.100(180.200) 9.3(5.4) 28(16) 0MB BM
      237 words
    • 243 20 Sha*Rj Hotd Ltd: EGM at the Summit Rm, Valley Wing Lobby Level, Valey Wing, Shangn-La Hotel, 22 Orange Grove Rd, Singapore 1025, on Saturday, Sep 12, at 10.30 am Kuantan Flow Mb Bhd: 8th AGM at the Plaza 1 Room, 1st Floor, The Plaza Hotel, Jalan Raja Laut,
      243 words
    • 397 20 Ciwpiiy Oat* HaN-yMr Crwiy pre-tax totartoi mm to pr«m/toM (L) iMitmi COOO) SA£ Sep 9 Jun 92 $4,543(14,098) Ac ma Sep 8 Jun 92 $9,112(16.348) 5(STE) SEEL Sep 8 Jun 92 $3,174($3,566) Swgatromcs Sep 8 Jun 92 $214($4,814) Grind Central Sep 7 Jun 92 $8,005($5,642) MAA Sep 4
      397 words
    • 318 20 Sap 9 The DBS Bank and Sembawang groups continued their purchases of Tat Lee Bank shares with Sembawang Investnents bought 181,000 shares for $552,880 and DBS Nominees (Pte) Ltd 175,000 shares for $541,168. Sap 8 Lum Chang Hokings Ltd and Eu Yan Sag Hokhgs Ltd will jointly sell
      318 words
    • 229 20 COTcnioa Special Tri« Sulphss Coavcnkn deadlif PwW Tnih| CoaqMay 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 CoM Store Sep 21 Oct IS Oct 5 Oct 15 Oct 16 Haw
      229 words
    • 999 20 Cwrwrt Ex Mis Data TiUhr T«Whr pay—t Of dm* payaMt toy** lact ywr UN-Ann N 28%(l) Aug 31 NYA Sep 14 28% 5tt MOB 50c 3.5% (b) Sep 10 S«p 24 Oct 23 35* 15% Aon 5% (I) Sep 18 Sep 30 Oct 15 51 122% Alti Ittp
      999 words
    • 198 20 Company Rights bsw Gtedan tap* OnHor-sn MS1.50 per stare Ex-date Ai« 27 Books dose Sep 10 Acceptance i Payment: NYA MAS Ontfcf-one MB 00 per stare Ex-date: Sep 7 Books dose Sep 21 Acceptance I Payment NYA OUT 0ne4or-two $1.50 per stare Ex-itote: A* 19 Books dose: Aug
      198 words
    • 90 20 Mi M iMtUTw FmeMt Ml a* MM EPS mmi tar EPS Cm pnflt N« la* Umm taM MF (ct» put) (SS«) (et*» ■c I Auj 28 Dec 92 59.2 5.0 14,857 3.9-5.2 158—208 CM last Fri TMr Fwta ■t Mi PHW M jr for M ER (m Nl
      90 words
    • 136 20 RECORD HIGHS LOWS BT Composite Index ST Mnstriols Index 1992 1316.68 (21/2/92) 1992 ktft 1545.92 (27/1/92) 1992 1m: 1122.50 (18/8/92) 1992 tar. 1310.95 (18/8/92) 1991 l*t 1333.08 (3/6/91) 1991 N* 1565.58 (3/6/91) 1991 tar 1022.52 (16/1/91) 1991 tar 1149.08 (16/1/91) 1990 M0c 1435.43 (16/7/90) 1998 M* 1607.12 (27/3/90) 1990 tar
      136 words
    • 1171 20 SMi Traa Ma I ii StaraMfer/Mrtcter Uj Mara Star** ■■S After pa 26/1 1/91 Natalon Co Lid Natakm Co Ltd S 2.500.000 4.375.000 000 55.646.000 18.550 53.146.000 17 720 Tit Lee Bank 26/1 1/91 Huay Guan Investment Pte Lid Goh Tju Rang 8 wife B 2.000 6.440.000
      1,171 words
    • 318 20 Ia load cwt IiSS la US$ %*y%yt 4y yr 4j yr Sc»t9 latex d» d» due chgt cfc«e cfcfe World 311.2 0.4 -6.6 0.1 -6.1 0.0 -4.5 tEAFE 447.5 0.4-10.9 0.1 -8.4 0.0 -6.8 Europe 383.3 -0.7 -6.8 -1.4 -1.6 -1.5 0.1 Pacific <93.9 1.5-13.4
      318 words
    • 532 20 Company Rights luo Wwa Teth Ore tor-one >100 per start Ami StMf One-tor-three U2 20 per share Issue of 211 62* 50% CurauMne Redeemable Presence shares of 10 sen each 1992/97 OK) with up to *****m Transferable Sutcnpton Rights (TSR) tor an a&ept> pnee of MSI per CRPS
      532 words

  • CHINA STOCK EXCHANGES
    • 396 21 CLSA FURTHER improvements continued in China yesterday with the CLSA All China Index finishing 84.03 points firmer at 2,436.03. Shanghai's A shares were the biggest gainers in the market. The previously denied rumour that further listing of domestic shares will be postponed
      CLSA  -  396 words
  • JAKARTA STOCK EXCHANGE
    • 930 21 JAKARTA STOCK trading continued to be slow yesterday with the absence of major players, brokers said. The Jakarta Composite Index was 1.74 points lower at 297.18. They said most prices ended lower as the market was kept under selling pressure. "It's really dull.
      930 words
  • STOCK EXCHANGE OF THAILAND
    • 2111 21 Reuter THE STOCK Exchange of Thailand Index closed at a four-month high after the market resisted a slowdown and small investors followed foreigners and local institutions in buying bank shares, brokers said. The index ended 8.35 points higher at 791.20 on turnover
      Reuter; Source: Bridge Info  -  2,111 words
  • Page 21 Advertisements
    • 45 21 UlUlftf IMIIIIIIIIUIBIAIHL 111 Hill Find out in I I I I I I I I r I I■ I I I" I Personal Investment and Finance. II I I I I I H Ift I II I I I I Every Saturday in Business Times
      45 words

  • TOKYO STOCK EXCHANGE
    • 2538 22 Reuter TOKYO STOCKS closed slightly firmer but the Nikkei was below 19,000 after spending most of the day above that level. Brokers said index-linked buying and firm futures contracts ahead of today's futures settlement helped support the market, but profit-taking took its toll
      Reuter  -  2,538 words
  • STOCK EXCHANGE OF HONGKONG
    • 2442 22 Reuter HONGKONG STOCKS finished sharply lower yesterday on a wave of rush selling triggered by worries about the worsening Sino-US trade relations, brokers said. The blue chip Hang Seng Index plunged 95.44 points to close at 5,631.55. Turnover fell to HKSI.46 billion from
      Reuter  -  2,442 words

  • AUSTRALIAN STOCK EXCHANGE
    • 2104 23 Reuter SYDNEY STOCKS strongly reversed early steep falls after Hambros Equities came into the market to snap up rights to the Westpac share issue yesterday. "We bought well in excess of 20 million rights on behalf of a client," Hambros' director said. A
      Reuter; Source: Bridge Info  -  2,104 words
  • REGIONAL STOCK MARKETS
    • NZ shares ease, dragged down by FCL
      • 483 23 CONTINUING weakness in Fletcher Challenge (FCL) yesterday dragged the NZSE-40 Capital Index down by 0.42 per cent to close at 1,453.78 points while the rest of the market was mixed. News that FCL was on the verge of selling a third of its utility, Natural Gas Corp (NGC),
        483 words
      • 622 23 MANILA STOCKS inched higher yesterday as selective buying of several issues lifted market sentiment, brokers said. The Manila Stock Exchange Composite Index gained 5.53 points to close at 1,412. "There's no news to drive the market but several active issues carried the rest," said Harry Liu, president of Summit
        622 words
      • 504 23 TAIWAN STOCKS closed slightly higher in narrow, very thin trade yesterday as most investors lacked trading interest, brokers said. The Weighted Index ended 15.38 points higher at 3,785.50 on turnover of T$ 15.77 billion against Wednesday's TS 16.36 billion. The market will close today and tomorrow for the mid-au-tumn
        504 words
      • 51 23 INDICES TURNOVER Clow PrevfcMi Sep 10 NEW ZEALAND NZSE-40 Capital 1.453.78 1,459.96 ■6.18 MANILA Composite Index 1,412.0 1.406.47 5.53 Turnover (mil pesos) 195 160 +35 TAIPEI Weighted Price Index 3,785.50 3,770.12 +15.38 Turnover (NTS billion) 15.77 16.36 -0.59 SEOUL Composite Stock Index dowd 551.12 -2.23 Turnover (billion woo) dosed 335.59
        51 words
      • 684 23 Seoul Sep 9 Won (DO) Anam Electric Ind 136 +3 Anam Ind 170 unch Ankuk Insurance 600 unch Asia Cement 298 6 Asia Motors 100 4 Bank Of Che Ju 169 -7 Bank Of Pusan 107 2 Bank Of Seoul 83 1 Byuck San I8S unch CheU Sugar 320 3
        684 words

  • WORLD STOCK MARKETS
    • Firm US$, bargain buying help Dow recover
      • Article, Illustration
        1170 24 A FIRM DOLLAR and some bargain hunting helped Wall Street rebound in quiet trading on Wednesday following a two-session losing streak. The Dow Jones Industrial Average gained 10.80 points to 3,271.39. The New York Stock Exchange Composite Index edged up 0.73 to 229.10, while Standard and Poor's 500-stock
        1,170 words
      • 167 24 FRANKFURT STOCKS lost ground on Wednesday, as the DAX Spot Trend Index ended the day at 1,525.26, down 19.29 points. The Commerzbank indicator finished at 1,701.40, down 21.90. Operators said the downtrend was primarily due to tensions within the European Monetary System and to a "technical reaction" in the
        167 words
      • Article, Illustration
        828 24 LONDON SHARE prices fell with the market down after a string of poor company results, and unsteadiness in the currency markets following a big increase in Swedish interest rates early on Wednesday. At the close, the FT-SE Index of 100 leading shares was down by 10.2 points to 2,327.5.
        828 words
      • 333 24 DUTCH SHARES closed lower on Wednesday, with investors paralysed by the looming French referendum on Maastricht and interest rate and dollar uncertainties, dealers said. The EOE Index closed 0.59 lower at 277.79. "We are waiting for the results of the French referendum. Not much will hap- pen before that,"
        333 words
      • 157 24 THE PARIS BOURSE was depressed on Wednesday by Scandinavian monetary upsets, among other factors, as the market remained "destabilised" by continuing uncertainty over the outcome of the French Maastricht referendum, op- erators said. The CAC 40 Stock Price Index closed at 1,756.77 points, off 0.39 per cent from the
        157 words
      • 205 24 ITALIAN SHARES closed sharply higher on Wednesday, boosted by reports that state-controlled bank Credito Italiano would soon be privatised, although many stocks were paring gains late in the session as sellers returned. Credito was fixed 170 up from Tuesday's close at 1,390 and last traded at 1,385 on the
        205 words
      • 314 24 SWISS SHARE prices ended easier but above earlier lows on moderate turnover on Wednesday. Dealers said Wall Street's steady opening helped to improve sentiment late in the session. The All-Share SPI Index closed 4.6 points lower at 1,102.5 and the SMI Index of leading shares shed 8.4 to 1,779.7.
        314 words
      • 206 24 SWEDISH SHARES closed at a new year-low on Wednesday after the Central Bank raised the marginal lending rate to 75 per cent. Dealers said trading was erratic as soaring rates had made share investments impossible to value. The Bourse General Index fell 1.96 per cent to 710.61 while the
        206 words
      • 432 24 GOLD SHARES took a battering on the South African market on Wednesday to drop by 4.2 per cent as foreign investors sold the shares on fears of continued violence following Monday's massacre of 24 people in Ciskei. "The political outlook looks bleak at the moment and investors are punishing
        432 words
      • 244 24 BELGIAN SHARES slipped at the close after retailer Delhaize lost early gains, closing down one per cent, and Banque Bruxelles Lambert came off its early high in the absence of more news about Wednesday's board meeting. The Bel-20 Index of leading shares closed down 2.61 points to 1,066.05, with
        244 words
      • 294 24 AMID VOLATILITY in world currency markets, traders found solace in Toronto stocks, which closed only marginally lower on Wednesday, dealers said. "At least we're moving in a narrow range," said one trader. The TSE 300 Composite Index closed down 2.9 points at 3,449.1 after shuffling within a five-point range.
        294 words
      • 75 24 INDICES TURNOVER NEW YORK CWMC Prprio«s Sep 9 Dow Jones S&P 500 Turnover (million) 3.271.39 3.260.59 416.36 414 44 178.80 161.44 10.80 1 92 17.36 LONDON Financial Times 30 FTSE 100 Turnover (million) 1,696.7 2.327.5 395.1 1.710.6 2.337.7 410 -13.9 -10.2 -14.9 FRANKFURT DAX Index 1.525.26 1,544.55 -19.29 AMSTERDAM EOE
        75 words
      • 40 24 Vienna Sep 9 Asch Akg Holding 2100 Bank Austria (P) 424 3 EAIIgem(P) 1730 -20 Jungbunzl ***** 300 Lenzing 595 5 Leykam 306 Oesterr Brau 695 11 Semperit 93 I Steyr 188 2 Vcitschcr 311 -12 Source: Z-Landerbank Bank Austria
        40 words
  • Page 24 Advertisements

  • CURRENCY, MONEY & FUTURES MARKETS
    • 1198 25 REPORTS THE US DOLLAR continued to firm in early trading in London yesterday, supported by covering, before publication later in the day of US weekly figures on unemployment. Within the European monetary system (EMS) the lira was again
      1,198 words
    • 220 25 MEXICO CITY The Mexican peso, haunted by a long history of devaluations, has gained about 1.80 per cent against the US dollar since early July, and analysts say they expect it to remain strong through to the year's end. Higher interest rates and
      220 words
    • 1553 25 S1MEX EWOOOiiAK Open High Low Sett Est Vol Act/Vol Op/Int Sep 92 96.82 96.83 96.82 96.83 3000 2519 ***** Dec 92 96.74 %.75 96.72 96.75 8700 8726 ***** Mar 93 96.71 96.72 96.69 96.71 6800 4993 ***** Jun 93 96.44 96 46 96.42 96.45 3650 3800 6124 Sep
      1,553 words
    • 407 25 Cross rates sepio USS SS MS Dm Yen SFr AS NZS USS 1.5935 2.4935 1.4180 123.40 0.5079 1.2580 1.3889 1.8365 SS 0.6275 1.5648 0.8899 77.43% 0.3187 0.7895 0.8716 1.1525 MS 0.4010 0.64 0.5687 49.4887 0.2037 0.5045 0.5570 0.7365 Dm 0.7052 1.1238 1.7585 87.02 0.3582 0.8872 0.9795 1.2952
      407 words
    • 545 25 Interbank rates S$ Bid Offer Overnight 7/8 1 1-month I 1/2 1 5/8 2-month I 11/16 I 13/16 3-month I 13/16 I IS/16 Overnight mode: 3/4 USS Bid Offer 7 days 3 3 1/8 1 month 3 3/16 3 V16 2 months 3 1/8 3 1/4 3 months
      545 words
  • Page 25 Advertisements

  • COMMODITIES
    • 394 26 UPI LONDON Opec exporters need money so badly that they may sidestep differences in Geneva talks next week and clinch an output accord that could buoy oil prices this winter. Saudi Arabia and Iran, both running deficits and needing to service major
      UPI  -  394 words
    • 232 26 Reuter MOSCOW A senior Russian oil export official on Wednesday denied that deliveries of oil products to Western Europe had been halted. "Exports fluctuate from month to month. This month they will be slightly lower, but there is no talk about halting them
      Reuter  -  232 words
    • 757 26 REPORTS BUYING INTERVENTION by the International Natural Rubber Organisation kept the afternoon rubber futures market in Singapore firm yesterday, brokers said. Inro returned to buy small amounts of rubber after being absent from the market for over half a month. Prices closed higher
      757 words
  • 1476 26 Rubber MS Ci—iidtty tiding (tirtu doting m at lpw) i$$ 1 C—tract (S cents/kg) Gose Volume Open Month High Low Sett (tonnes) Interest Oct 92 141.25 138.75 141.50 650 2,375 Nov 139.25 138.50 140.00 400 3,875 Dec 138.50 138.00 138.50 150 3,475 Jan/Mar 93 137.75 136.50 138.25 375 16,550
    1,476 words
  • Page 26 Advertisements
    • 398 26 BUSINESS TIMES Toil free Tel No 737 0043 -Fax No: 734 3688 I Window to the past I I We hlave the pleasure in lnvWng you to en exhibition and tele of our I "Crossroads of ths East" I I oolectioo of tha 19th and early 20th Cartury I genuine
      398 words

  • 1298 27 City Flffct ETA FMfM ETD Ma DbaM GA976 0115 GA890 0150 GA970 2205 Kllilil QF81 1955 Qf82 2205 SQ227 2230 flaiitaifrai KL837 1255 SQ320 1100 SQ323 1815 KL838 2240 Ukmtt SQ348 2300 Aaddaad NZ35 1550 SQ285 2115 SQ288 2030 NZ36 2355 BA12 2200 ■dnla Gf 149
    1,298 words
  • THE TRAVEL PAGE
    • 703 27  -  POSTCARD FROM SHETLAND ISLANDS By Andrew Anderson THERE is no escaping the wind in the Shetland Islands. It swings across the chilly North Sea like an invisible fist, whipping spume from the waves, stopping walkers in their tracks and carrying untethered objects: dustbins, picnic
      703 words
    • 153 27 As at 10am yesterday: Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.1445 1.1600 Canadian dollar 1.2988 1.3255 NZ dollar 0.8573 0.8747 Sterling pound 3.1236 3.1660 US dollar 1.5900 1.5980 Local dollar* to 100 units of foreign currency Austrian schilling 16.05
      153 words
    • 79 27 Duration Title Venue Organiser Td Oct 2-12 Tehran Teheran, Export Promotion (98)21/*****8 Internal tonal Iran Centre of Iran Fair Oct 3-11 Luxembourg Luxembourg Societe Des 352-*****15 International Foires IntemaFair tionales De Luxembourg S.A. Duration Title Venue Organiser Td Oct 7-11 Park Lane Park Lane Consumer 071-*****98 Antiques
      79 words
  • Page 27 Advertisements
    • 38 27 What's theprice for a united Europe? Exactly the same when you fly to any one of Finnair's 35 European destinations. Check with your travel agent or call *****77 for more details. We knew Europe from (tart to Pinnith
      38 words
    • 7 27 WEEKLY OVERSEAS EDITION Subscribe now. Call 749-2577.
      7 words
    • 327 27 THE WINNING EDGE IN-DEPTH Ifcgji BUSINESS ftjjlf I Fj 1 For over two decades Singapore Busine; s has covered I r\ V Y i j 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.
      327 words
  • Page 27 Miscellaneous
    • 248 27 1 Set on edge by alarming MM |Hf 5 One container is stowed I inside another when empty 9 Riles ten possibly in the BHl—— to succeed without money got I I I I I names 19 Following study, have an IhJ to argue 21 Backing English graduates 24""^1 I
      248 words
    • 157 27 Singapore Outlook: Showers over several areas in the late morning and afternoon. Report Maximum temperature 31.1 Assoc humidity 66% Minimum temperature 24.5 Assoc humidity 94% Hours of sunshine 0.95 Rainfall in mm Nil Rainfall this month 22.5 Rainy days this month 3 World report Asia-Pacific Hi/Lo* Cond. Bangkok 33/24 Cloudy
      157 words
    • 45 27 i«t:i u;pNiTS see MISS Ntyefcu^G LOHPnT DO you THifsJK OF Th£. N iOF TViC FOCU LJiTH WeR TOP ine cMe.^Tejp-Pcß^y; 1 v tortoN okdosc wCoSe. n 1 Vv Rl a* NOT \5^ —i ft ftlT Q£ ft L£T DQUN... aT?q ASSOCIATED «*»Aft*S LTD. It*3lM2 Jst_*
      45 words

  • 530 28 Rate of 4.3 pc forecast for 1992 Reuter WASHINGTON Developing countries are benefiting from an almost unprecedented wave of global private investment and should enjoy faster economic growth in the years ahead, the International Finance Corp said. The World Bank affiliate said it
    Reuter  -  530 words
  • 547 28  -  Run-up to Thai general election From Loh Hui Yin in BANGKOK A LEADING HOTELIER who is contesting his first election in Sunday's polls expects to see more professionals and businessmen like him taking part in Thailand's next general election. Akom
    547 words
  • 182 28 Reuter TOKYO Fujitsu Ltd announced yesterday a range of supercomputers that uses a technology it says will achieve the world's fastest processing speeds. Its new VPPSOO range uses a technique called vector parallel processing, a combination of the two different approaches taken by supercomputer makers
    Reuter  -  182 words
  • 177 28 AFP, AP, Reuter JERUSALEM Israeli Prime Minister Yitzhak Rabin yesterday offered for the first time to return part of the Golan Heights to Syria in exchange for a peace treaty ending 44 years of a state of war. But he said Damascus must
    AFP,; AP,; Reuter  -  177 words
  • 270 28 Reuter, AFP, Asahi TOKYO The sudden cancellation of Russian President Boris Yeltsin's trip to Japan just four days before he was to arrive here has reinforced Japanese companies' doubts about doing business with the economically beleaguered nation, experts said yesterday. Mr
    Reuter,; AFP,; Asahi  -  270 words
  • 720 28  -  The Bottom Line JACKIE SAM JACKIE SAM The writer, a Singaporean, is a Hongkong-based political consultant who contributed this comment to BT SINGAPORE has a communiststyle government without the communist ideology. Chewing gum is banned; fat boys are sent to camps for compulsory
    720 words
  • 160 28 Reuter BEIJING A Chinese official said yesterday that Beijing should stop buying US wheat immediately if Washington goes ahead with selling Taiwan F-16 fighters, Xinhua news agency said. Xinhua did not identify the official, but called him "a Chinese official in charge of
    Reuter  -  160 words
  • Page 28 Advertisements
    • 74 28 Nikon The World's Finest Photographic System gSSSE. Now Zip gives you instant boiling water kl 1 every minute of the JUST TURN ON THE TAP. ZIP OUT- DATES URNS, KETTLES, COFFEE BARS AND JUGS. MODELS TO SUIT w EVERY KITCHEN, OFFICE, FACTORY HOSPITAL AND SCHOOL. ZIP IS FULLY AUTOMATIC AND
      74 words
    • 94 28 Nikon The World's Finest Photographic System •3MS& CONVtRSAJIONS I RAFFLES "We have been created to the image of the PAP. Honestly, 27 years and when you speak of a Singapore identity, it's simply the identity forged and created and moulded by the PAP." vA .mi^ W* > ML J| v
      94 words

  • Shipping Times
    • 509 29  -  Sibcon '92 Reports by Amir Khalil SINGAPORE Indonesia could draw business away from Singapore's bunkering industry when projects at Karimun and Bintan islands are fully completed in a few years. However, the shift away from Singapore could help to relief the port
      509 words
    • 254 29 SINGAPORE Singapore's bunkering fraternity were yesterday urged to initiate and host an international bunkering association, geared towards promoting the professional standards and practices in bunkering. Speaking yesterday to delegates at the Sibcon '92, the chairman, Government Parliamentary Committee for Communications, Mr Heng Chiang Meng
      254 words
    • 381 29 Pre-tax profits up 38pc, but losses in housing, construction sectors quadrupled AFP LONDON Peninsular and Oriental Steam Navigation Company (P&O), the British shipping, property and construction company, on Wednesday predicted a difficult year ahead despite improved first-half results. First half pre-tax
      AFP  -  381 words
    • 245 29 Bernama JOHOR BARU The joint exercise between the marine police of Malaysia and Indonesia, codenamed "Aman Malindo 11th", ended on Tuesday. The exercise was held in two stages, the first from Penang to Port Klang and the second from Port Klang to Johor Baru.
      Bernama  -  245 words
    • 178 29 AP TAIPEI Taiwan will ban South Korean container ships from plying the Taiwan-Japan route in another retaliatory move against Seoul's recognition of the Beijing government, the Transportation Ministry announced. The ministry said in a statement that the government would also slash the container capacity
      AP  -  178 words
    • 322 29 Knight-Ridder LONDON Associated British Ports Holdings pic announced pre-tax profits of £15.1 million (5545.3 million) in January-June period, down 52 per cent from £31.7 million in first-half 1991. The ports, transportation and property group attributed the reduced profit figure to provisions of £10
      Knight-Ridder  -  322 words
    • 437 29 NYT BOSTON With a 74-foot gash in its hull, the Queen Elizabeth 2 began steaming slowly toward drydock in Boston after the last of its 1,800 passengers were safely evacuated to Newport. A team of investigators from the National Transportation Safety Board and two
      NYT  -  437 words
    • LOG BOOK
      • 108 30 SYDNEY The Australian transport ministry on Wednesday announced plans to build a second cargo berth for fuel shipments at Botany Bay, New South Wales. The AslB-mil-lion (5520.5 million) project will be a joint venture between the Sydney Ports Authority, ICI Australia and
        108 words
      • 64 30 MANILA Philippine Airlines announced appointments on Wednesday to major positions under the company's new management. New airline chairman Antonio Cojuangco named Mario Locsin as executive vice-president, Edgardo del Fonso as senior vice-president and chief financial officer Ernesto Garcia as senior vice-president for corporate planning. The announcement also
        64 words
      • 55 30 LONDON The 5,500-deadweight-tonne freighter Trans Ferinia is likely to be at Chatham, UK for some time for engine repairs, according to Lloyd's Intelligence on Wednesday. The Norwegian-flagged vessel was towed in Sep 7 after a connecting rod fouled the main engine. The Trans Fennia is
        55 words
      • 91 30 HONGKONG Varig Brazilian Airlines will inaugurate commercial flights between Hongkong and Rio de Janeiro in January, its president announced on Wednesday. Rubel Thomas told a press conference the twice weekly round-trip Service will include stops in Bangkok and Johannesburg. The flights between Hongkong and Rio
        91 words
      • 65 30 TOKYO Japan's first 24-hour airport being built in Osaka Bay should open around July, 1994, said Osamu Uno, chair(naji of the Kansai Economic Federation, on Monday. The KSnsai International Airport, built atop a man-made island >n Osaka Bay, was originally due to open in
        65 words
      • 58 30 TOKYO Mazda Motor Corp has recalled Ford cars imported by the Japanese company to exchange defective engine parts, a transport ministry official said on Tuesday. Tfie recall covers 650 Ford Probes sold in Japan between 1989 and 1991. The official said the engines could displace
        58 words
    • 567 30 Cafeon $tp 3 Dmity Water Resdue Ash ttniin Sedtawnt m/M Exxon KG/M*3 IV/V I M/M M/M PPM method 60/Qmac Mb Spec E25 991 10 1?0 010 30* 010* Spec G35 991 1.0 18.0 0.15 30* 010* Nuttwrn Eirope 180 Ave 982 0.3 13.1 0.05 10 0.02
      567 words
    • 475 30 THE DRY cargo freight market looked steadier and although the recent fall in the Baltic Freight Index (BFI) was halted, the fresh impetus was not yet strong enough to warrant an index rise, brokers said on Wednesday. The BFI was unchanged at 1,056, showing broadly steady Ginamax routes
      475 words
    • 1735 30  -  Paul Betts looks at one of the world's biggest air shows facing a cloud of uncertainty in the aerospace industry Paul Betts FT The chairman of Airbus Jean Pierson was offering a bottle of champagne for the first serious customer to walk into the European aircraft
      FT; Source: IATA; Source: Boeing  -  1,735 words
    • 1197 30 Page Col ABC Containeriinc >2 I Accord Group 8 1-3 Ahrenkiel Liner 16 4 Allied-Link 16 4/5 Alpha Feeders 6 1 ANL 3 1/2 APL 5 3-5 Arrow Int 9 2 Asia Cont Lines 14 5 Asian Break-Bulk 16 3 ASCL 5 5
      1,197 words
    • 8868 38 This is a list of ships loading NV, at Singapore for ports around TA the world. It tabulates, by Sh Pi destination, the name of the ship, the shipping line in- J** volved and the estimated N y dates of arrival and departure Bru from the Port
      8,868 words
    • SHIPS IN PORT
      • 641 45 Kwwt »*y Hi Brti fcmd Dyartirt Marina Terminal 1 Batam Mum *****2 M05 1109/0500 8atan Sayang *****2 M05 akx«side 1109/0500 Batammdo 2 204IS M02 akx«9de 1009/1900 Btm Bahagia *****2 M04 aloi*s*Je 1009/2300 Garuda G74 M03 alor«side 10.09/2300 Mattota Exp 192/92 M04 alongside 10.09/1400 Sari Batam S133 M04
        641 words
      • 257 45 Mwn Pit Berth: 1; Sri Nam Hua No 2. Jenwm; 2: Changdu; 3: Sonca, Bangkokncn; 4: Entrepreneur; 5; Zadonsk; 6: Kota Makmur. 01 jetty: ml. DC): Susan Maersk, Ocean Venture. Duo on Sop 10: Barge temdo Satu, Bunga Butang, Barge I Kuala Siak V. Due on Sop
        257 words
      • 1639 45 DELIVERY OF FCl IMPORT CONTAINERS IN PBOCRESS sfc \>tr H» Cawtawn iwhhti HctaneyMs 9208 09 0992 0735 I r Rota Jade 3NB 0909 92 0805 Wana Bhum 156N 09.09.92 0850 Hi Chew 085W 0909.92 1100 B Terata. 363 09 09 92 1300 Afe Cotumbu ***** 09.0992 1340 Ha.
        1,639 words
    • 769 46 Sept 15-16: Asia-Pacific Digital Cellular Mobile Communications, organised by IBC TechniServices Limited at The Mandarin Singapore. For further details please contact IBC Technical Services at tel: 732-1970 or fax: 733-5087. Oct 5 (k Conference on Quality Control in Asian Shipping, organised by IBC Technical Services Limited at the
      769 words
    • 545 48 Antitrust immunity sought to create world's third largest airline NYT WASHINGTON Northwest and KLM Royal Dutch Airlines on Wednesday asked for US government permission to become the first two large international carriers to combine their operations and, in effect, operate as one
      NYT  -  545 words
    • 283 48 Reuter CALGARY, Alberta Canadian Airlines on Wednesday accepted a merger offer from Air Canada, a move that will create a virtual monopoly in the nation's airline industry. Under the deal, Air Canada and PWA Corp, the owner of Canadian Airlines, agreed to
      Reuter  -  283 words
    • 243 48 NYT LONDON Lloyd's of London, the troubled insurance market whose sizable losses have raised questions about its management structure, on Wednesday named Peter Middleton as its chief executive, succeeding Alan Lord, 63, who is retiring. A former monk with a passion for motorcycles,
      NYT  -  243 words
    • 321 48 NYT NEW YORK John McNamara, the Long Island car dealer and philanthropist, admitted that he had bilked General Motors in a US$6 billion (559.5 billion) loan scheme and that he had used some of the money to bribe officials at all
      NYT  -  321 words
    • 446 48 Farnborough Air Show Reuter FARNBOROUGH, England Most things seem to be heading down, instead of up, at the Farnborough Air Show. The event, held every second year, is traditionally the industry's showcase for mul-ti-million dollar sales contracts. Not this year. Jet fighters
      Reuter  -  446 words
    • 287 48 AP FARNBOROUGH, England (AP) Like every industry in the former Soviet Union, the aerospace business is undergoing a stumbling transition from communism to a market economy. But unlike many other Russian enterprises, the planemakers have a lot to show ofT in the
      AP  -  287 words
    • 234 48 Reuter FARNBOROUGH, England The four-nation European consortium, Airbus Industrie, said yesterday that Philippine Airlines had signed a contract to buy six of its A340-200s and take options on four more. Airbus announced the order in a statement at the Farnborough Airshow in
      Reuter  -  234 words
  • Page 29 Advertisements
    • 107 29 Sales and Service for Sulzer diesel engines in Singapore, Malaysia and Thailand New subsidiary company in Singapore offers: New diesel engines for marine propulsion and marine auxiliary applications Genuine spare parts for Sulzer diesel engines Service engineers 24-hour service Spare parts' warehouse Contact in Singapore: New Sulzer Diesel Singapore Re
      107 words
    • 130 29 THE famous > on <o iWkOZi KOMI 224 1833 For more information pleatte refer to Pg. 13 Cloudy skies at Farnborough Air Show, Pg 2 Northwest, KLM seek to combine forces, Pg 20 1/r- r* IB JV fFORCSI THE TOTAL TRANSPORTATION I" ■"J VISA FREIGHT SERVICES PTE LTD established in
      130 words


  • Page 31 Advertisements
    • 3874 31 oocl (8) ptc ltd jaroine shipping agencies *****11 FAX: *****09 \lll/# BOOKINGS TEL: *****34 *****58 ■■HUM TERMINAL/CFS TEL: *****18 220 rBMMfI PESAKA JAROINE SHIPPING AGENCIES SON. BHD. I \SSSr A PORT KELANG TEL: *****18 FAX: *****91 *****88 ElH#l flllT hAU/ f n ia |h CiktuiAA PENANG TEL: *****4 FAX: *****1
      3,874 words
    • 1466 31 MQEBSSaSSm f WEEKLY DIRECT CALL TO SHIMIZU REGINA MAERSK 9211 ETA SIN 17/9/92 ETA SHIMIZU 29/9/92 VMMI Voy ETA ETD Feeder by DESTINATIONS Lmr on/Arm Thrt m> Metie Mawak 92<m cv is/9 o«oo mrs MM CFS 15/9 2359 MRS JOH LPK PEN OAK LQ6 HOU MEM ATL MIA CHS BAL
      1,466 words

  • Page 32 Advertisements
    • 1431 32 VOY NO S PORE JEPOAH S'HAMTON H'BURO LE HARVE ■EEE9 KIT ANO 15/136 10/9 19/9 3/10 29/9 28/9 iHuHpBMI THAMES 13/336 13/9 30/9 2/10 5/10 6/10 fflMl ELBE 12/137 17/9 26/9 10/10 6/10 5/10 HOECHST EXPRESS 05/337 20/9 7/10 9/10 12/10 13/10 Saktr T' HAMBURG EXPRESS 10/138 24/9 3/10 17/10
      1,431 words
    • 437 32 ocwans I AGENCIES (FAR EAST) LTD NOUAKCHOTT-BANJUL-BISSAU-LUANDA-BATA Feeder V——l mm I 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 SEKi CONTAMER SERVICE rasa sfobe na loapmc fob FUMOTMTffTW 41/14 05/10 pt C T 3BWICE
      437 words
    • 1472 32 EItOESEM KHI BMmB REGULAR INDEPENDENT FULL CONTAINER SERVICE VSL/VOY SIN ALQ BCL* HAM BRE# ROT ANT# FELLMA 1 NORASIA SAMANTHA 9221-3 15/09 07/10 OS/IO 11/10 12/10 12/10 13/10 14/10 15/10 I NORASIA SMGA 9229-3 21/09 14/10 16/10 IS/10 19/10 20/10 21/10 22/10 23/10 I NORASI A SUSAN 9230-3 29/09 21/10
      1,472 words

  • Page 33 Advertisements
    • 1957 33 H STRAITS SHIPPING PTE LTD 10 Ho« Chiang Road #11-01 Keppd Towers Singapore 0208 Tel: *****88 Fax: *****17 accms cjwco nc was smupgre pnomi nnh STRAITS VEHTURE V22E Muii, lab. KK 11-12 Sap 13 Sap 14 Sap MKT IS HUNCSSS ¥*203 IS Sap 19 Sap MB NERUB VO7C Mua>a. Skan.
      1,957 words
    • 2367 33 SINGAPORE AGENT: P&O Containers (Singapore Agencies) Pte Ltd ■Km I |V|J 10 Hoe Chiang Road #07-01 KEPPEL TOWERS. SINGAPORE 0208 Tel 225 2233 Telex: RS ***** PNOCSP Fax: 225 5327/222 7517 CR Number .^3 vessel VOT Fpno 550 Sw I alo sou ant rot nam wmr «ot mt mt km
      2,367 words

  • Page 34 Advertisements
    • 675 34 CR NBR **********0-D EXPRESS SEMI CONTAINERSHIP SERVICES TO EUROPE VSL/VOY STORE KOAN MM HBtIG 800 AW»Of SMNUATA 35M8 MPT (PT«) 1/1# 12/H 18/10 »/10 XUTAI/KNB </H S/ll 15/11 20/11 23/11 FAST TRANSIT TIME ACCEPTING BREAKBULK/CONTAINERISED CARGO Subjact to InducMumt. Also accepting cargo to CaaaMaoca, Port Said, Port Aloiandria, Ganoa. Trioato.
      675 words
    • 1302 34 HANJIN SHIPPING FDR VSL rsn UK HAUL 111 Oil FOR VS. 9N |UM HAUL Ul II MC HMWN VANCOUVER OIK 12 9 DMCT 4/10 //10 HAfUM CKJU OKE 14/9 M TOMHAMA 041E 22/10 23/10 »/10 HANJIN OSMAM2E 20/9 ORECT 11/10 14/10 HAIUN KNAKYANG 0921 21/9 M PLENTY 0241 29/10 30/10
      1,302 words
    • 1130 34 f i T J -1 lan *4U is/9 Z2* Ssi M s 5/9 Til "2/11*11 T VI» M/iin/uS/ii Ji/ii 10/11 U/U U/11 jj/11 Wll •'{l I swrS r..% ajsjsjsxsa aB8s«8«i«? /u MMH wa^^gl I SitltVmJ l/ll l/w 12/ M 14/11 Wll 19/11 21/1122/ M 21/10 U/ll 21/11 4/11 11/11 74/11
      1,130 words

  • Page 35 Advertisements
    • 1841 35 >5 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 ■Hphg Jam mm 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:
      1,841 words
    • 1107 35 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD BOOKING: *****51/ *****64/ *****06 (FESCO LINE) ENQWRIES: *****33 MARINE INSURANCE SERVICE: *****87/ *****87 KL: 03-*****75/697 PORT KELANG: *****43/ *****40 JAKARTA: *****57 PENANG: *****4/ *****8 JOHORE BAHRU: *****1/ *****1 (REGULAR INDEPENDENT SERVICE) FULL CONTAINERSHIP SERVICES EASTBOUHD—DBCHMOWG WESTBOUND—LOADWG TR/tfOHPffl) WA ROTTERDAM iron ww Iw |mj>
      1,107 words

  • Page 36 Advertisements
    • 1589 36 K» "W W* AS AGENTS: KAWASAKI SINGAPORE (PTE) LTD ICR No: **********0 M) MjZ W "W TEL *****77 TELEX: KAWAKIRS23I6S FAX: *****07/^9 I I M MALAYSIA: 'K'LINE MARITIME (MALAYSIA) SDN BHD JL mL. U*JL Jm JLM# TEL SA *****00 PK *****01/5 PENANG *****0 JB *****1 wmmtm KAWASAKI KISEN KAISHA, ltd
      1,589 words
    • 991 36 PHILI-OMNT UN€S PT€J.TD Qn& BY AIR, LAND OR SEA.... 3&L we take on the WORLD FOR YOU !i fe NA»ER. CHRISTCHUfiCM 28 SEP SUVA. NOUMEA, PAPEETA. APIA. LAUTOKIA. SAN ANTONIO _J 11 Hf ST. MAARTEN, SAN JUAN. ANTAFAGESTA, GUAIQUILA. BENUEBENTUBA 12 SE ROTTERDAM ANTWERP. GOTHENBURG. VIENNA. BUDAPEST. BUCHAREST AND ALL
      991 words

  • Page 37 Advertisements
    • 1963 37 PACIFIC INTERNATIONAL LINES (PTE) LTD MB M 140 Cecil Street. #03-00 PIL Building. Singapore 0106. Tel: *****33 CR NO: **********06 nagRTA I ItoiiacOK SRISAMUT (THAI FLAG) SRS34N 14/9 17/9 20/9 m KOTABINTANG KBT34N IS/9 18/8 *2/8 EQUATOR HAWK 50N 16/9 19/9 23/9 EBTEBROGGC 28M 10/9 I#/# 22/® KOTA INOAH 331
      1,963 words
    • 849 37 EXPRESS COKTAMER SEKVKI TO UK-HOft tH COKnNStt-SCANPtNAVIA WBaT f P GUPANG PENANG %KELANG OCEAN VSL/VOY SIN SOU (1) RTM (2) HAM (3) GOT (4) _n/9 11/9 12/9 TOYAMA 2362 15/9 2/10 4/JO 5/10 7/10 18/9 18/9 19/9 AROSIA 2372 22/9 9/10 11/10 12/10 14/10 Q 25/9 25/9 26/9 NIHON 2382
      849 words
    • 285 37 °BSA° TRANSPORTATION M MYANMA H FIVE STAR LINE (Myanmar National Line) Loading for Yangon (Rangoon) Sport P.Kit Pot F.Gdf MAM)ALA T V3SN In Pt PMYA VI24N 17/23 S«p In Pt PAGAN VI UN 14/1 C S* 9/12 Sap HPA AN VltlN 20/22 Up NIGERIAN NATIONAL SHIPPING LINE NIGERIA EXPRESS SERVICE
      285 words



  • Page 40 Advertisements
    • 2837 40 Conventional Semi-Container Full Container Liner Services Liner Services Malaysia's Agents: Indonesia's Agents: General Agents: Seeking Agents: General Agents: Booking Agents: Goan Goao SMppif Sdn AM Cheng Chiao Shipping Sdn Bkd P.T. Gtotal Potra Indonesia Maritime Ykk Fung Shipping SMwfcf Fnigkt Man Gnatshie tgt*m Costar Shipping Rtc Ltd Shieeing FrafcM B—kmt
      2,837 words
    • 248 40 ■hmhh SAMUDBU MDONESU (S) PTE LTD 1* McCALLUM STREET ■■■(■■H #03-01/02 NATWEST CENTRE Singapore 010S Tdic R*****0 t* *****81-3 Fie 22S 4S3S, *****96 FOR bookings call omcct une TEL: *****41/*****43 SM/JAK SERVICE VESSEL VOY SIN JAK MAJESTY 907 12/09 (SAT) 15/09 (TUE) E STAR 900 13/09 (SUN) 15/09 (TUE) PELOPOR
      248 words

  • Page 41 Advertisements
    • 674 41 (ft FAMOUS CONTAINER LINES 10 ANSON RD. #15-21 INTERNATIONAL PLAZA, S PORE 0207 HOT LINE: *****33 (24 LINES) UMASSOL/PKEAUS 12/9 ROTTERDAM 12/9 HAIFA/ASHDOD/ALEXANDRIA 12/9 HAMBURG/BREMEN 12/9 MARSEILLE/FRANCE 12/9 FELIXSTOWE/UK 12/9 BARCELONA/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/ADELAIDE 17/9 VANCOUVER 12/9
      674 words
    • 703 41 f33 RICHFIELD MARINE AGENCIES (S) PTE LTD fil TEL: *****33 (12 Lines) \=A FAX: *****15/*****03 TELEX: RS ***** RISHIP (3 Lines) ETHIOPIAN SHIPPING LINES (National Lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL VESSEL Ivor ETA LOADING FOR SPOBE ABYOT 2MM mPt DARfSSAI AAM MOMBASA OMBOUTI ASSAB. MASSAWA ANOtNET 2ewe tS/10
      703 words
    • 424 41 JAKARTA BANGKOK i mill BENJA BHUM 43S 12/99 15/00 lARU BHUM 41H Frt hW Hm 14/ M WWW WUM 150S 16/00 H/W WM«T* BHUM 10WI Ut 12/00 W* 16/00 "O"* I V W n n PIT* BHUM*## 2MN MM 14/00 Thu 17/ M /M MA BHUM 22/00 ■"""n** ?W! NH
      424 words
    • 335 41 ®ssagsa IMR-in :j VBL VOY —OAPOWg maw ■NUAPUHi Kssi «or m mm Tea ckd j» faM lMi/M H-a/u THI BRDO ***** 13-U/M 19-21/ M 2»-27/M THI MK m 17-lt/M H-25/M (1-12/11 O n» SfQS 222* 21 22/ M 27-2J/W K-M/ll VtL VOY MMOAPOng/CALCUTTA/MOGAPOHE *ssn DOT SM an LHOTS 421 11-11/
      335 words

  • Page 42 Advertisements
    • 1480 42 groupage I PEN ANG (04) *****6 SIBU: (084) *****9 KUCHING: (082) *****3 'P.KELANG: (03) *****77 JAKARTA: (21) *****32 SURABAYA: (31) *****0 HKG/TWN/BKK I GOTH/U.K/MED PORTS PiH PKL SIN PEN PK SIN 13/9 14/9 15/9 Honf Koof Ldn/Fli/Rdm/Ant 11/9 12/9 13/9 16/9 17/9 18/9 Hon| Kon| G'burf/Chaten/S'holm/Oslo 15/9 16/9 17/9 20/9
      1,480 words
    • 286 42 w BLUE STAR LINE SINGAPORE TO AND FROM NEW ZEALAND AND PACIFIC ISLANDS SM ML LYT SM Ni SIM 0528 16/9 30/9 2/10 11/10 PROBER 20S 2/10 14/10 10/10 1/11 MULBERA 29S 15/10 27/10 29/10 15/11 FULLY CONTAINERISED SAILINGS DISCHARGING AT AUCKLAND, LYTTELTON, ACCEPTING FCL LCL FOR NEW PLYMOUTH, NAPIER.
      286 words
    • 872 42 THONG SOON UNES PTE. LTD?) 77 RO6MSON ROM) #15-00, #16-00 SIA BULDMG SWGAPORE 0106 I TIL: *****88 FAX NO: *****11, *****22 I TLX: RS ***** CARRER, RS ***** JENHOi CABLE: TOSOCO I SINGAPORE TO WEST MALAYSIA I KSSEL |WT ISTORE IBEST VESSEL HT SPBtt P. HIAIW I EQUATOR 111 69/92E
      872 words
    • 249 42 CCNI Companta Chiton* d» Nmgadon IntffOCMnicj B.A. SEASPAC SERVICE ACCEPTING CONTAINERS AND BREAKBULK DIRECT SERVICE TO SOUTH PACIFIC ISLANDS SM NOU SUV m PALEMMMC 400X8 )0- 2/10 13/10 IC/10 22/10 L 1 BOOTING 410*0 27 30/10 */U 12/11 17/11 DIRECT SERVICE TO CHILE. PERU. BOLIVIA SM CU K» CQS VAT
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  • Page 43 Advertisements
    • 815 43 COMPANIA PERUANA WgA. DE VAPORES "PERUVIAN STATE LINE" ACCEPTING BREAKBULK/FCL/SOC CARGOES TO/FROM CALLAO, MAT ARAM. I.o* t OTHER PERUVIAN PORTS* WITH T/S AT KOBE ON CPV THROUGH BILL OF LADMG. WgV'EVERETT ORIENT LINE" JAPAN/BAT OF BENGAL/JAPAN SERVICE ACCEPTING BREAKBULK/SOC CARGOES TO/FROM KOBE, YOKOHAMA. NAGOYA, MOJI. TOKYO*, MANIA*, DAVAO*. Pmwi* P.
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    • 670 43 MULTI-MODE SHIPPING PTE LTD MIDDLE-EAST/PERSIAN GULF ACCEPTING FCL/LCL DUBAI OAMMAN SHARJAH. OOHA. MUSCAT. BAHRAIN ABU OHABI BANDAR ABBAS. It DO AH FAR EAST ACCEPTING FCL/LCL PENANG. P/KELANG. JAKARTA. BANGKOK. HONG KONG TAIWAN IAPAN. MANILA. KOREA UK/EUROPE ACCEPTING FCL/LCL LONDON. EELIXSTOWE, LEEDS. TILBURY. ABERDEEN. LE HARVE. HAMBURG. ROTTERDAM ANTWEP. GOTHENBURG. COPENHAGEN
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    • 441 43 MONTHLY DIRECT CONTAINER SERVICE SIN TO ALGERIA ALSO CALLING MARSEILLE LASPEZIA TWICE WEEKLY CONTAINER SERVICE SIN/MADRAS/SIN ALSO ACCEPTINC CONTAINERS TO TUTICORM/ BANGALORE/COCHIN ANO NEW DELHI WEEKLY CONTAINER SERVICE SIN/CALCUTTA/SIN WITH TRANSMPMEHT TO: ASEAN/AUSTRALIA/FAR EAST/WNTERRANIAN/EUROPE WEEKLY CONVENTIONAL SERVICE SIN TO CHINA WEEKLY CONVENTIONAL SERVICE MADRAS/COLOMBO/ BOMBAY/KARACHI WEEKLY CONVENTIONAL SERVICE EAST AFRICA/RED
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    • 492 43 SM F« EAST 14/9 KEELUNG/KAOHSIUNG 20/9 BANGKOK 18/9 MANILA/CEBU 19/9 JAKARTA/BELAWAN/SURABAYA 14/9 PORT KELANG/PENANG/E. Malaysia 14/9 BUSAN 14/9 TOKYO/YOKO/KOBE/NGO/OSA 14/9 HONG KONG SIN CHINA 14/9 GUANGZHOU/HUANGPU/SHENZHEN FUZHOU/XIAMEN/SHANTOU DALIAN/SHANGhAI/XINGANG TIANJIN/QINGDAO/HAIKOU also accepting LCL cargo Si EUROPE/UK 19/9 LDN/FLX/LVP/SOU 19/9 RDM/HAM/ANT/LE HAVRE/GENOA/OSLO also accepting cargo to Austria/ Hungary/Roumama/Poland/Bulgaria/Czech. SIN USA/CANADA 13/9 LOS
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  • Page 44 Advertisements
    • 730 44 ECONOLINES I We deliver 2040 points throughout 17 We provide weekly consolidations to 32 countries In conformity with 13 imcotenns Discharging ports at own Bonded Warehouse if total demands in shipping for carrying your with in house customs service and Routier goods from door to door trucks for home deliveries
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    • 375 44 fetea CHINESE-POLISH I JOINT STOCK SHIPPING CO 1 CQNTAiO/BREAKBULK 18. rm V.25 12/9 ROTTERMM/HAMBURG/GDYIIA I LUBAN *51 12/9 CASABLANCA Komowcz V.50 lt/10 CASABLANCA ÜBM V.22 30/9 HUANGni/HNGANG/SHMCHAI BALTIC FAR EAST SHIPPING PTE LTD 2 MBTM ROM) #1040, MIC BULOMG, STORE 0207 TEL mm FAX: *****09 TLX: US ***** BALFES 0EL
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  • Page 45 Advertisements
    • 88 45 FOR SUCCESSFUL MANAGEMENT OF YOUR BUSINESS Stories on labour and its relationship with management, management concepts in practice, profiles of leading managers in Singapore and relevant book reviews. ENTERPRISE MANAGEMENT, in Business Times every Monday, is must reading for managers who want the competitive edge. Plus an occasional look at
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    • 160 45 WEEKLY LCL CONSOLIDATION SERVICES TO EUROPE PORTS WITH CONNECTION TO MORE THAN 206 INLAND POINTS. AUSTRIA HUNGARY RUSSIA BELGIUM HKLANO SWITZERLAND BULGARIA ITALY SPAM DtNUII NORWAY SWEDEN FINLAND NETHERLANDS TURKEY HUNCE PORTUGAL TE CHECHOSLOVAKIA GREECE POLAND UNITED KINGDOM GERMANY ROMANIA YUGOSLAVIA MAKE YOUR ENQUIRIES TODAY HOT LIME 273-0466 YUSEN SEACARGO
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  • Page 45 Miscellaneous
    • 428 45 TIDES AND WEATHER TODAY'S TIDES in metres) HOW MM 01M 0200 1300 0400 HOB 0600 0700 MM MM *****100 12M*****400 ISM ISM 17M*****9M2000 2100 22M 23M JR 2.6 11 16 10 07 0.5 05 07 12 18 2.3 25 2.5 2.2 1.7 12 08 07 OJ 10 1.5 2.1 2.7
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  • Page 46 Advertisements
    • 579 46 WSk, HAN HUAT SHIPPING CO (PTE) LTD. 10 Anson Road, #14-19/21 International Plaza, Singapore 0207. Tel: *****11 (16 lines) Fax: *****94 Tlx: RS ***** AB LENHUAT Daily receiving cargo at Pasir Panjang Terminal PT4 Tel: *****97 a FULLY CONTAINERISED AND CONVENTIONAL SERVICE TO MYANMAR (YANCON) ucccr. FT a ETD DESTINATION
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    • 461 46 iL COSCO UKC CONVENTIONAL SERVICE VESSEL PKL PNG P.O. LOADING FOR: A VESSEL 28/09 Rotterdam/Antwerp CHINA CONVENTIONAL SERVICE VESSEL PKL PNO PQ. LOADING FOR: TRANS ASEAN 15/09 20/09 Huengpu/GuenoifKJu COSCO FULL CONTAWER SERVICES (FCL/FCL) EXPORT TO: CHMAyBANGKOK/HONGKONG EUROPE/CONTINENTAL WEST MEDITERRANEAN AUSTRALIA US WEST COAST PERSIAN GULF/KARACHI Please refer above mentioned
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    • 384 46 LCL FCL Express Service to For more inlormstim Competitive rates and reliable StmttiA ».nogn« U l m rc pur Customer Service At Te1;227-4788. SKH DISTRIPARK PTE LTD 77 Robinson Road *16-02 SU Building, Singapore 0106 Singapore Tel: *****79 Fax: *****62 Tlx: RS 2078CSKHNVO johore Baru Tel: 07-*****8 Fax: 07-*****2 J
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  • Page 47 Advertisements
    • 1075 47 4 HYUNDAI MERCHANT MARINE CO. LTD. WESTBOUND TO EUROPE vessels rm+ pke+ aw *tm ant* leh* ham wtt fel SL NKPOOENCE 301W 11/09 11/09 13/09 02/10 02/10 03/10 03/10 03/10 06/10 H. FKONTER 301W 25/09 25/09 27/09 16/10 16/10 17/10 17/10 17/10 20/10 a. MAMO 301W 09/10 09/10 11/10 30/10
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    • 117 47 BINTANC HAS SHIPPIN6 PTE. LTD. 39 NEM. ROAD SWGAPORE 0208 TEL: *****88 TLX: R*****5 SMMER FAX: *****64 ACCEPTS K*TS OF CAKO STOK OESTHATWB IKXCUtYMK *1« 12-14 Sap 14-15 Man. MTANG SWA V 2« 14-15 Sep 15-15 S«p M*. < BMTANG SWA MX 18-lf S««> 20-21 S* i Mri. KBtftf t
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  • Page 48 Advertisements
    • 96 48 I I dip it could be a controversial deal between two stock 1/ v\ market sure, a thought-provoking report by university researchers on the latest trans-European FOCUS zooms in on the news and issues of the day and looks at them in more depth and breadth. FOCUS is the news
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    • 12 48 INVESTMENT Every Saturday in Business Times Scrambling for new orders, Pg 2
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