The Business Times, 15 September 1992

Total Pages: 52
1 52 The Business Times
  • 16 1 Business Times THE BUSINESS PAPER tOR S-h ASIA MITA (P) 35/12/91 Tuesdav. September 15, 1992 75*
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  • NEWS SUMMARY
    • 87 1 MOSCOW Russia, apparently seeking to contain damage to ties with its richest neighbours in Asia, said yesterday that President Boris Yeltsin would visit South Korea in November and might also meet Japanese Prime Minister Kiichi Miyazawa at that time.
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    • 57 1 JERUSALEM The US is considering using Israeli territory to store vast quantities of military hardware in case of a future crisis in the Gulf, the daily Haaretz newspaper said yesterday. Saudi Arabia and Egypt had both turned down requests to store US$4 billion
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    • 39 1 THE world's major economies are so mired in their own debt problems that it is unlikely any of them will be able to take the lead in helping the Third World, says a UN report Page 3
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    • 32 1 OIL DEMAND in Asia is expected to grow by five million barrels per day between 1991 and the year 2000, says American energy expert Daniel Yergin Page 3
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    • 23 1 PHILIPPINE President Fidel Ramos yesterday announced the granting of bonuses, paid holidays and other perks for outstanding civil servants Page 8
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    • 40 1 FORMER US president Ronald Reagan, in a bid to help George Bush's presidential campaign, urged voters to reject Democratic challenger Bill Clinton whom he described as an "inexperienced fellow with a dismal track record" Page 9
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    • 21 1 THE three founders of Singa-pore-based technology start-up firm Xorian Technologies have high hopes for their software tool. Page 16
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    • 29 1 SINGAPORE'S water transport sector is likely to be able to match the country's air transport sector in importance in the next few years. Shipping Times Page 1
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  • MARKETS SUMMARY
    • 37 1 WALL STREET jumped ahead in active trading early yesterday, responding to reductions in German interest rates. The Dow Jones average of 30 industrials surged ahead 35.40 points to 3,341.10 in the first hour of trading.
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    • 31 1 SHARE PRICES rallied yesterday amid interest rate cuts by Germany. The broadbased FTSE index of 100 shares was up 48.8 points, or 2.1 per cent, at 2,419.7 around midday.
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    • 24 1 D&C SAKURA Merchant Bank is believed to be heading the list of major creditor banks exposed to beleaguered Innovest Bhd Page 4
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    • 26 1 INNO-PACIFIC Holdings Ltd has resold its 60 per centstake in Windmill International Pte Ltd to the latter's original owner for $1.83 million Page 4
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    • 23 1 HIGHER turnover in its medicinal business and investment in the leisure business lifted Eu Yan Sang Holdings' earnings Page 4
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    • 27 1 AFTER-HOURS trading on Globex will create more business for its members and for other major exchanges like Simex, says Nymex president Patrick Thompson. Page 7
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    • Article, Illustration
      29 1 Monday Change BT-MGA 665.77 +6.59 Kuala Lumpur ...583.74 +2.95 Tokyo 18.471.40 +363.71 Hongkong 5.607.15 +69.86 Sydney 1.536.7 +35.5 Friday Change New York 3.305.70 +0.54 London 2.370.9 +30.3
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    • 23 1 Exchange rates US$ s$ 1.6010 100 Yen S$ 1.2813 MS SS 0.6382 Money market rates Overnight 7/8 +1/4 3-month I 11/16% -1/8
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    • 34 1 London Gold AM fix US$342.75 USS+1.70 Rubber Spore Oct.. 14l.25«/kg -0.75 M'sia Oct.... 220.00'/kg +1.00 KL Tin Turnover 36tonnes +1 Spot M$16.49/kg -0.05 Crude palm oil Turnover *****ots +526 Sep MS882 /tonne +9
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  • 547 1  -  By S N Vasuki SINGAPORE In what has been described as an about-face of historic proportions, Germany's mighty Bundesbank bowed to growing political pressures at home and abroad and trimmed its key discount and Lombard rates yesterday. The shock announcement, indications of which came
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  • 487 1  -  Thai general election From Loh Hui Yin in BANGKOK THAILAND'S four pro-de-mocracy parties are cobbling together a coalition government to be headed by Democrat leader Chuan Leekpai after they won a simple majority in Sunday's general elections. Democrat Party spokesman Banyat Bantathamn said
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  • 62 1 AFP BANGKOK The Stock Exchange of Thailand Index jumped 2 per cent yesterday, welcoming the election victory of the pro-democracy parties and anticipating good times ahead. The index closed at 817.95, up 16.05 points from its close last Friday at 801.9. The volume changing hands was
    AFP  -  62 words
  • 290 1  -  By Genevieve Cua SINGAPORE Pico Far East Holdings Ltd, the Hong-kong-based arm of homegrown exhibition group Pico, has made a public share offer in Hongkong, two years after the group's application for a Singapore listing was rejected. Pico Far East, the
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  • 180 1 SINGAPORE Local interest rates, already at their lowest in decades, now face greater downward pressure. With the local banking system flush with cash, the benchmark three-month interbank rate has been moving into uncharted territory below 2 per cent in the past week. Local banks, usually
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  • 147 1 SINGAPORE It was a day of momentous highs and depressing lows for global currency markets as the US dollar seesawed wildly against the German mark following the Bundesbank's decision to cut interest rates. Share prices initially rose in Europe but early gains were pared by
    Source: TeleTrac  -  147 words
  • 370 1  -  Yesterday in Parliament By Anna Teo SINGAPORE Stateowned Singapore Technologies Ventures (STV) has invested a total of $80 million in venture companies around the world, Finance Minister Richard Hu disclosed in Parliament yesterday. Almost half of this amount, or S3B million, is in Silicon
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  • Page 1 Advertisements
    • 141 1 Nikon The World's Finest Photographic System. Aircraft Schedule 31 Jkt/Bkk/Chna Stocks 26 TV Radio 14 Cocwnodrt.es 30 KLSE 25 Unit Trusts 23 Company News 4-6 Money Changer Rates 31 Weather 31 Cryptic Crosswofd 31 Money Market 29 World News 9 Editorial 12 Regional News 8 Financial News 7 Regional Stock
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    • 15 1 More reports, Back Pg Hock Lock Slew: Magnum on verge of biggest gamble, Pg 4
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  • PAGE 2 NEWS
    • 460 2 DOUBTS about adequate safeguards for both shareholders and listed companies in the new scripless trading system led the Finance Minister yesterday to send the Companies (Amendment) Bill to go before a parliamentary select committee. Of the five members who yesterday spoke on
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    • 348 2 Yesterday in Parliament IT WAS their first day and the proceedings took some getting used to. But for newcomers, the nominated Members did well in Parliament yesterday. Three of the six NMPs spoke. First off the mark was orthopaedic surgeon Dr
      348 words
    • 364 2 THE government has set aside $40 million as the firstflow income from the billiondollar educational endowment fund, or Edusave, which will be launched in January. Every pupil from six to 16 years-old will get, in the first year, $40 to $50
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    • PARLIAMENT BRIEFS
      • 113 2 THE Government has not realised any loss on its investment in the United Kingdom hotel group Mt Charlotte because it has not sold any shares, said Finance Minister Richard Hu. Replying to a question from opposition MP Low Thia Khiang (Hougang), Dr Hu
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      • 73 2 IN 1991, 4,676 female spouses of Singapore citizens applied for permanent resident status, with 68 per cent getting \U$ nod. In the same year, 1,284 male spouses applied forPJl and 57 per cent received approval. Home Affairs Minister Professor SJayakumar noted, in reply to a question from
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      • 74 2 INCOME tax changes announced in the 1992 Budget speech and 12 other changes became law when Parliament passed the Income Tax (Amendment No 2) Bill yesterday. Among other things, the newly-established RAS ComnKxJity Exchange will be exempted from tax on its income from futures activities for
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      • 56 2 TO HELP the Small Claims Tribunal cope with the sharp increase in the volume of work over the past few years, Parliament has passed the Small Claims Tribunals (Amendment) Bill. Among other things, the amendments are intended to remove shortcomings in the Act and generaHy
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      • 69 2 IN WHAT some MPs called a landmark legislative move, recalcitrant littering offenders and those who commit serious littering ofTcnccs will be liable to a court order to clean up public areas. With the passing of the Environment Public Health (Amendment) Bill 1992, littering offenders can be
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      • 72 2  -  Reports by Anna Teo,Shoeb Kagda TRADE in rhinoceros products will be totally banned in Singapore with the passing of the Endangered Species (Import and Export) (Amendment) Bill. The Bill makes it an offence to sell or buy medicinal products derived from the animal. Also
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    • 273 3 UPI GENEVA The world's major economies are so mired in their own debt problems that it is unlikely that any of them will be able to take over as the "locomotive" which will pull developing countries out of their own financial
      UPI  -  273 words
    • 267 3  -  By Lilian Ang SINGAPORE Oil demand in Asia will grow by five million barrels per day (mbd) between 1991 and the year 2000, with transportation fuel accounting for as much as 75 per cent of the increase.
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    • 326 3  -  By Soh Tiang Keng SINGAPORE The decline in Singapore's Asian dollar market appears to be bottoming out, says the Monetary Authority of Singapore. In its latest monthly statistical bulletin, released yesterday, the MAS says the total assets of Singapore's offshore market fell 0.5
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    • 187 3 Reuter HONGKONG China Strategic Investment Ltd plans to invest US$BOO mil-, lion (551.27 billion) in China in the coming five years, company president Oei Hong Leong was quoted as saying. Mr Oei, who is in the Chinese city of Ningbo for the opening
      Reuter  -  187 words
    • 215 3  -  By Said Abdullah SINGAPORE The US is still committed to the AsiaPacific region, says Defence Minister Yeo Ning Hong after an official visit to Washington. Dr Yeo, who returned to Singapore yesterday after his first trip to the US as defence minister,
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    • 177 3 SINGAPORE Twenty years after it was proposed, the Ngee Ann City project entered its final phase of construction with a topping-out ceremony yesterday. Once completed next year, the giant Orchard Road complex will "provide keen com-" petition to Raffles Place as the perfect environment
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    • SINGAPORE ROUNDUP
      • 40 3 NEI PARSONS Ltd, part of the Rolls-Royce Industrial Power Group, has won a $300 million contract to supply steamturbine generators and associated equipment to the Public Utilities Board for Stage Three of Pulau Seraya power station.
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      • 47 3 THE world's biggest distributor of microcomputer products, California-based Ingram Micro, plans to open more sales offices in Asia. Director Youngsuk Chi said yesterday at the launch of the firm's Singapore office that branches could be opened next in Hongkong, Taiwan and Japan.
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      • 109 3 Corrections clarifications IN OUR story "Takashimaya wins deal to open Harrods at Ngee Ann City" on Sep 11, we said that Takashimaya had secured the exclusive right to open Harrods of London stores in South-east Asia. This was an error made during editing. Takashimaya has clarified that aside from opening
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  • Page 2 Advertisements
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  • COMPANY NEWS 1
    • COMPANY BRIEFS
      • 109 4 SINGAPORE Mobile Aerospace Engineering Inc, listed Singapore Aerospace's wholly-owned US subsidiary, is aiming for a 15 per cent growth over the next three years, said Minister for Defence Yeo Ning Hong. Dr Yeo, back from a seven-day visit to the US,
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      • 89 4 SINGAPORE Harold Tan Hock Chye was appointed the general manager of Liang Court Holdings from Sep I. Mr Tan, 35, graduated with a Bachelor of Science (Estate Management) (Hons) from the National University of Singapore. He will be responsible for real estate development and the
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      • 65 4 SINGAPORE Neptune Orient Line's guaranteed floatingrate notes for US$75 million (S$ 119.2 million) will carry an interest rate of 5.25 per cent per annum for the three months ending Dec 12. The interest payable on Dec 12 against coupon No 28 will be U*****.71. The notes are
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      • 47 4 SINGAPORE Sesdaq-listed Swens Asia-Pacific Ltd posted a 70 per cent jump in group consolidated operating profit to $2.5 million in the year ended June 30. At the company level, operating profit surged 79 per cent to $2.3 million from a year ago.
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      • 36 4 SINGAPORE Shangri-La Hotel Ltd's shareholders approved the company's proposed listing of $100 million unsecured bonds, due in 1997 with 22.5 million detachable warrants to subscribe for new ordinary shares of 1 each.
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      • 57 4 SINGAPORE Resources Development Corporation Ltd and General Securities Investment, which are going scripless, have asked their shareholders to deposit share certificates with the Central Depository Pte Ltd. RDC's shareholders are to do so from Sep 28 to noon on Oct 22, while General Securities' shareholders will
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    • 252 4 SINGAPORE Traditional herbal medicine seller Eu Yan Sang Holdings has reported improved earnings for the year to June 30. It attributed this to higher turnover in its medicinal business and its investment in the leisure business. Earnings rose 84 per cent
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    • 443 4  -  Bank is owed about lOpc of group's debt By Dawn Tan SINGAPORE D&C Sakura Merchant Bank is said to head the long list of major creditor banks exposed to beleaguered Malaysian fast-food and trading group Innovest Bhd. Banking sources say D&C Sakura, a joint
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    • 252 4 SINGAPORE Unable to resolve their differences over the business direction of their joint venture, Sesdaq-listed Horiguchi Engineering Ltd and Eastburn Engineering Pte Ltd have agreed to end their partnership in engineering firm Horiguchi Eastburn Holdings Pte Ltd (HEH). In a statement yesterday, Horiguchi said it
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    • 301 4  -  Reports by Dexter Lee SINGAPORE Beleaguered Inno-Pacific Holdings Ltd has sold its 60 per centstake in Windmill International Pte Ltd to its original owner Ho Peng Cheong, Windmill's managing director, for $1.83 million. This is down sharply from the $3.66 million the company
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    • 204 4 SINGAPORE Inno-Pacif-ic Holdings has secured court judgements against Wartakaya Sdn Bhd and Lambang Maju Sdn Bhd, which arc said to have failed to honour obligations to repurchase Lucky Man Properties shares from Inno-Pac and its subsidiary Top-Text Sdn Bhd. Wartakaya and Lambang Maju
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    • 289 4 Proposal for four-star 500-room business hotel submitted Bernama KUALA LUMPUR Shan-gri-La Hotels (Malaysia) Bhd, which is seeking a listing on the Kuala Lumpur Stock Exchange, proposes to build a 500-room business hotel in Petaling Jaya. Its director, Ong Ie Cheong, told newsmen here yesterday
      Bernama  -  289 words
    • 625 4  -  THE HOCK LOCK SIEW COLUMN China gaming venture promises substantial profits as well as risks By William Chia SINGAPORE Diversified Malaysian gaming concern Magnum Corp Bhd is about to make the biggest gamble of its corporate history. It is
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    • 423 5 Bloomberg HONGKONG Oriental Nice Investment, a subsidiary of Nan Fung Textiles Consolidated, said in a statement that it is issuing 120 million covered call warrants exercisable into 12 million shares in Hongkong investment giant Cheung Kong (Holdings). The issue, which was privately
      Bloomberg  -  423 words
    • 99 5 AFP JAKARTA General Electric Capital Corp (GECC), a subsidiary of the United States giant General Electric, has taken a 30 per cent stake in an Indonesian financing firm., company executives said yesterday. Besides taking 30 per cent of the shares of PT
      AFP  -  99 words
    • 306 5 AFP TAIPEI Taiwan's judicial authorities yesterday rejected detained textile tycoon James Oung Da Ming's request that he be released on bail after allowing him to receive hospital treatment in the morning, a court official said. Yeh Sheng Li, Chief Justice of the Taipei
      AFP  -  306 words
    • 434 5 A director resigns at the same time Bloomberg SYDNEY John Elliott, the former chairman and chief executive of the giant international Foster's Brewing Group, has resigned from the board, the company said in a statement yesterday. The announcement of his departure, along with the resignation of director
      Bloomberg  -  434 words
    • COMPANY BRIEFS
      • 83 5 TOKYO Japan's big five steel makers Nippon Steel, Sumitomo Metal, NKK, Kobe Steel and Kawasaki Steel expect dismal earnings for the fiscal first half ending Sep 30 because of continued weak demand at home, forcing two of them to consider pay cuts
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      • 83 5 SEOUL South Korea's Kia Motors Co will tie up with Indonesia's Utadin Group and Humpuss Group to jointly produce vehicles there, the company announced yesterday. Kia and the two business groups signed an agreement here last week, under which they will jointly set
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      • 80 5 BANGKOK The outgoing government of Prime Minister Anand Panyarachun decided over the weekend to list shares of PTT Exploration and Production Co Ltd (PTTEP) on the Thai stock market to raise funds to finance its activities. A government spokesman said PTTEP, the exploration arm of
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      • 45 5 SYDNEY Peter Bartles, chief executive of Australia's largest retailer Coles Myer Ltd, said the company was considering acquisitions in new market segments. He said Coles Myer would look at Australian retailers whose balance sheets had collapsed and also the hardware industry.
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    • COMPANY BRIEFS
      • 106 6 MOSCOW Several of South Korea's largest corporations, including Samsung and Daewoo, are planning projects in Russia's communications and electronics industries worth billions of dollars, Interfax news agency said yesterday. One project calls for Samsung to put up US$3B million (5560.8 million) for a joint
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      • 104 6 LONDON Tradepoint Financial Networks will this week announce an electronic share dealing service to rival the London Stock Exchange, the Sunday Telegraph newspaper said. The paper said the company, which last week was authorised by the Securities and Investments Board (SIB), plans to raise £5 million
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      • 94 6 KINGSTON, Jamaica The government said it will offer its 30 million listed shares in Carib Steel Co for divestment on Sep 21, the latest in a series of new offerings as the nation experiences its biggest bull market ever. The deal is the fourth sale of
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      • 62 6 LONDON Inchcape pic said it earned £117.1 million pre-tax in the first half of 1992, up from £91.3 million a year earlier. Earnings per share rose to 14.6p from 13.6 p. Sales totalled £2.34 billion, up from £1.75 billion. Chairman David Orr said despite the difficult economic
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      • 74 6 LONDON The British Petroleum Co pic is considering selling its Duckhams motor lubricants business after approaches from potential buyers, the independent on Sunday newspaper said. The paper cited industry experts as saying potential suitors could include Spain's Repsol and Total SA and Ste Nationale Elf Aquitaine
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      • 50 6 LONDON Building materials group Tarmac pic said it is to close four brick factories and four concrete block works. It said the move is part of a major rationalisation of its brick and block activities prompted by reduced demand caused by the long and severe recession.
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    • 495 6 US firms prefer buy-and-build strategy to grow NYT WASHINGTON Gillette. Bacardi. Nabisco. Parker Pen. Martini Rossi. Stella D'Oro. After sputtering for almost two years, merger and acquisition activity suddenly picked up in the last two weeks, and the traffic was heavy with well-known
      NYT  -  495 words
    • 297 6 Reuter CUPERTINO, California Apple Computer Inc unveiled a line of personal computers yesterday designed to take it where many have failed before into the home market. Apple is introducing three ready-to-go computers under its new Performa brand, aiming to entice
      Reuter  -  297 words
    • 639 6 Interest rates rise, economists expect sluggish economic growth NYT MEXICO CITY After months in which investors in Mexican equities waited hopefully for a North American Free Trade Agreement, the announcement of an accord has brought only tougher times to the beleaguered Mexico
      NYT  -  639 words
  • Page 4 Advertisements
    • 201 4 1 IN THE MARKET PAGES Aussie shares soar 28 Taiwan stocks plunge 28 A Special Invitation to all Companies and Organisations. NO PASSPORTS, NO CUSTOMS OFFICERS, NO LUGGAGE CLAIMS, NO AIRPORT TRANSFERS, NO AIRSICKNESS, FOR YOUR COMPANY GATHERINGS AT THIS PARADISE RESORT. But YES to a distraction-free seminar, YES to
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  • Page 5 Advertisements
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  • FINANCIAL NEWS
    • 378 7  -  By Quak Hiang Whai SINGAPORE After-hours trading on Globex will create more business for its members and for other major exchanges like the Singapore International Monetary Exchange (Simex), Nymex president Patrick Thompson told BT in an interview yesterday. Globex is an electronic
      378 words
    • 559 7  -  THE SANG KANCIL By Quak Hlang Whai The Sang Kancil weekly column tracks the profit/loss of a US$5O,OOO live account set up by futures house Refco. Relying on both technicals and fundamentals, the account will trade in currency, interest rate, commodity and stock
      Chart by Knight-Ridder  -  559 words
    • 374 7 Reuter BOMBAY Indian and foreign banks involved in the country's biggest financial scandal may ultimately end up losing far less than at first feared, the head of the Indian Banks Association (IBA) said. In an interview with the Indian Express
      Reuter  -  374 words
    • SMALL CHANGE
      • 101 7 BRUSSELS Bank Brussels Lambert said yesterday it will become a distinct entity within the Internationale Nederlanden Group (ING) if and when ING succeeds in its takeover of BBL. BBL board was told on Sep 9 that ING will increase its shareholdings in BBL
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      • 103 7 WASHINGTON The Federal Deposit Insurance Corp board remains split on whether to give healthy banks a break, relieving them of the bulk of the proposed increase for deposit insurance fees in a new risk-based system. The FDIC board is scheduled to vote today on a
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      • 94 7 TOKYO Fuji Bank Ltd and Tokai Bank Ltd plan to set aside loan loss reserves in the half-year ending March 31, 1993, to prepare for defaults on loans made to Osaka restaurant owner Nui Onoue, bank spokesmen said yesterday. Onoue has been charged with
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      • 70 7 TOKYO Two associations of Shinkin banks, also known as credit associations, have revised and beefed up their mutual-aid programmes. The amount of aid available has been doubled to 4.2 billion yen (5553.7 million). Starting in October, a financially troubled Shinkin bank will be eligible to receive
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      • 53 7 LONDON The Bank of Yokohama Ltd has given an emergency £65 million (SSI9S million) cash injection to its British merchant banking unit Guinness Mahon, according to the Sunday Telegraph newspaper. The paper said the cash infusion takes the bank's spending on Guinness Mahon to £210
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  • Page 7 Advertisements
    • 267 7 Over 1,600 government agencies agree on our information solutions. 9 We'd call that a stamp of approval. national power, government agencies throughout I the world rely on Unisys to make the business We're the number one provider Government. ft systems are at the heart of the Departments of K I
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  • THE REGION
    • NOTE BOOK
      • 75 8 KUALA LUMPUR The Federation of Malaysian Consumer Associations (Fomca) yesterday insisted that the Information Ministry should impose a total ban on cigarette advertisement in whatever form. Its president, Hamdan Adnan, said Fomca could not see any reason why the ministry could not impose
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      • 69 8 OSAKA The commander of the first military contingent to be deployed overseas since World War II said on Sunday that it was unlikely accidents will occur in Cambodia forcing his troops to use weapons. Lt-Col Takashi Watanabe said unanticipated incidents requiring weapons "probably will not
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      • 34 8 KUALA LUMPUR Philippine Foreign Secretary Roberto Romulo (right) during a courtesy call on Malaysian Prime Minister Mahathir Mohamad yesterday. Mr Romulo is in the Malaysian capital on a three-day official visit.
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      • 59 8 MANILA An important US investment mission will visit the Philippines next month to look into fresh opportunities spawned by renewed political stability and policy reforms. "We're seeing an increase here of companies looking at the Philippines, people who are coming for a second look," said
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      • 85 8 JAKARTA The selection of hardliner Abilio Jose Osorio Soares as East Timor's new governor confirms Jakarta's determination to squash the independence movement in the former Portuguese colony. Mr Soares, 45, nominated last week by the local assembly in the East Timorese capital Dili, was described
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      • 82 8 PHNOM PENH The store serving UN peacekeepers in Cambodia is selling fruit juice produced in the former Yugoslavia in violation of a UN embargo, UN officials acknowledged yesterday. The Phnom Penh Post reported last week that the store was selling packs of apple and peach juice made
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    • 201 8 AFP MANILA President Fidel Ramos, admitting deep public dissatisfaction with the Philippine bureaucracy, yesterday announced the granting of bonuses, paid holidays and other perks for outstanding civil servants. "There is widespread agreement that there are simply too many of us. We are all
      AFP  -  201 words
    • 227 8 AFP MANILA The Philippine government may sell its properties in the US, Australia and other countries to raise revenue. But President Fidel Ramos said yesterday that a controversial high-priced parcel of land in Tokyo's Roppongi district, part of Japan's reparations for its World War II
      AFP  -  227 words
    • 141 8 AP KUALA LUMPUR The new Philippine government of President Fidel Ramos has told Malaysia it wants to drop its claim to Malaysia's Sabah state. Malaysian Foreign Minister Abdullah Ahmad Badawi said yesterday that Philippine Foreign Secretary Roberto Romulo informed Malaysia of the stand during
      AP  -  141 words
    • 282 8 Bernama KUCHING Sarawak is restructuring its economy to make manufacturing and the services sectors its mainstay. Chief Minister Abdul Taib Mahmud said yesterday that the state government wanted to change the situation where the primary sector (mining, quarrying, agriculture, forestry and fishing)
      Bernama  -  282 words
    • 335 8 AFP WELLINGTON New Zealanders go to the polls on Saturday to determine the shape of their political future, but the debate over their options is mired in confusion. In the first of two referendum, voters will be asked if they prefer to
      AFP  -  335 words
    • 200 8 AFP JAKARTA Indonesian Forestry Minister Hasjrul Harahap has said Japan should lower import duties on processed timber from 15 to 12 per cent to help conserve tropical forests. "If the import duties are lowered, the deductions can be allocated for the conservation of
      AFP  -  200 words
  • Page 8 Advertisements
    • 661 8 .lAHUAMT It-H *W 'pjjjj' JTJUST Mjf ANNIJAI A ma i or international conference bringing together top government officials p J1 17 i? act and ,eadin 9 Players from the world oil markets to address strategic, policy and G development issues affecting the Middle East oil in the Post Gulf War
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    • 138 8 wywßfwr SMALL FUNCTIONS A. R E OUR CUP OF TEA Believe it or not, there is one hotel in Singapore that specializes in arranging small functions From workshops and seminars to board meetings and conterences even small banquets i It's the New Park Hotel. We have function rooms to accommodate
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  • THE WORLD
    • 545 9 Former president slams Clinton's record in rally in conservative heartland :fc0OK|*|B Reuter, AP ANAHEIM, California Former president Ronald Reagan last Sunday came to the aid of his former understudy at the White House, George Bush, urging voters to reject Democratic challenger Bill Clinton whom
      Reuter,; AP  -  545 words
    • 397 9 Reuter WASHINGTON Russia will need massive foreign help next year nearly equal to the US$lB billion (about 5329 billion) it expects to receive in 1992 as it strives to reform its battered economy, a senior International Monetary Fund official said. But he
      Reuter  -  397 words
    • WORLD WATCH
      • 74 9 BEIJING Chinese medical research has concluded that Tibetans are physiologically part of the greater Chinese nation, putting a scientific spin on Beijing's political determination to keep control of the Himalayan region. Two researchers analysed blood samples from 400 Tibetans and found "the Tibetan nationality is closely
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      • 61 9 TAIPEI China has taken over from Taiwan as the world's biggest exporter of labour-intensive products such as toys and footwear. Last year, China exported US$BlO million (S$ 1.3 billion) worth of toys, up 41 per cent on 1990, and US$2.3 billion worth of footwear, up 44.3 per
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      • 59 9 NEW DELHI The collapse of the Soviet Union was a body blow to India's otherwise healthy export earnings in fiscal 1991-92, which saw an overall 1.7 per cent decline from the previous year, according to central bank figures released on Sunday. Exports to the erstwhile
        59 words
      • 61 9 LONDON Britain may decide to go it alone and build the European Fighter Aircraft (EFA) if Spain and Italy join Germany in deserting the threatened £22 billion (Ss66 billion) project, the Sunday Times reported. It said Britain believed Spain would almost certainly pull
        61 words
    • 350 9 Bloomberg TOKYO Bankruptcies in Japan, which have been on the rise for 22 straight months, will keep rising through most of 1993 as companies fold under the double burden of deflated land assets and slack demand for goods. Private research agency Tokyo
      Bloomberg  -  350 words
  • Page 9 Advertisements
    • 158 9 SEVEN PEOPLE VANISH INTO NOTHING. *p v ;J *X. v\yi ii,'-^ Space, as you well know, is nothing. However, when you surround it with a new Mitsubishi Spacewagon. you can transport up to 7 people (plus luggage) in comfort that leaves nothing to be desired. Along with such refinements as
      158 words

  • FOCUS
    • 612 10 EMS currency realignment Bonn gives in to mounting pressure to cut Lombard rate NYT GERMANY'S fiercely independent central bank is famous for staring down outsiders when they urge it to reduce its painfully high interest rates. But with Sunday's announcement that it would cut rates,
      NYT; Source: TeleTrac  -  612 words
    • 186 10 Reuter JAPAN has no reason to cut its official discount rate now, and Japanese interest rate levels are low and useful, Finance Minister Tsutomu Hata said. Other members of the Group of Seven (G-7) industrial nations are unlikely to ask Japan
      Reuter  -  186 words
    • 302 10 Reuter Embattled leaders of the EC hope a weekend currency realignment and yesterday's cut in record-high German interest rates will help reverse a rising tide of public opposition to the Maastricht treaty on EC union. Diplomats say that, with a week to go before the
      Reuter  -  302 words
    • 709 10 IHT THE Italian lira on Sunday was effectively devalued by 7 per cent against all other currencies in the European ex-change-rate mechanism, in concert with an extraordinary Bundesbank pledge to significantly lower German interest rates yesterday, EC officials said. The Italian
      IHT  -  709 words
  • Page 10 Advertisements
    • 401 10 I 23-24 November 1992 Pan Pacific Kuala Lumpur, Malaysia I I Key contributions from: event management team I •International Management Group (IMG), Assessing sponsorship requests and picking I I Hong Kong Japan winners I I •Spectrum Group, Hong Kong Synergy between successful sporting events and I I International Event Resources,
      401 words
    • 50 10 THE BROCHURES SPECIALIST 7 YEARS AND 5 MILLION DOLLARS Call 227 3138 for your Annual Reports, Product Brochures, Direct Mailers, Newsletters.. .heck almost anything you want to print. :,|3gHg|jjt BROCHURES PTE LTD TJSSf Specialist division of Network Communications 1 Pearl Bank, #01-01 Singapore 0316. Tel: 227 3138 Fax: 227 0617
      50 words

  • Page 11 Advertisements
    • 230 11 (What leading industry consultants are saying about NCR's System3oooJ U [NCR's] open, cooperative computing... a model of how open systems should be pursued.)) International Data Corp., (IDC) USA NCR has liberated the computer. The System 3000 is built around And its users. economical microprocessor technology Now you can create systems
      230 words

  • 479 12 EDITORIAL THE SPECTACLE of major powers openly trading verbal barbs no longer surprises. It dismays nonetheless; witness the recriminations and counter-recrimina-tions following Russian President Boris Yeltsin's sudden cancellation of his visit to Japan. At issue are four islands which the Japanese call the Northern Territories and the
    479 words
  • WHAT THE OTHERS SAY
    • 278 12 THINGS in China can appear to change fast. After the Tiananmen crackdown in 1989, leftwing rhetoric was pouring out of Beijing at such a rate and intensity as to cause many a Western pundit to pronounce China's economic reform doomed. Then early this year, Deng Xiaoping took a
      278 words
    • 84 12 THE FACT that the government is studying whether Singapore is producing more lawyers than it needs is important. Singapore cannot allow its talents to be channelled into a certain field only. We need a balanced distribution of our talents in various fields necessary for our
      84 words
    • 146 12 RUSSIAN President Boris Yeltsin's decision to call off his visit to Japan reflects Japan's diplomatic failure. This failure will become even more obvious in the next few months to come unless it does something quick to salvage the situation. Japan's immense wealth and arrogance has no doubt led
      146 words
  • REGIONAL VIEWPOINTS
    • 185 12 RUSSIAN President Mr Boris Yeltsin's failure to arrive in Tokyo today is surprising enough, but the speed with which Moscow and Tokyo have further embittered their already rocky relationship is even more worrying. Mr Yeltsin should have gone to Tokyo. Russia gains nothing by maintaining the Cold
      185 words
    • 156 12 ALI WARDHANA's note of caution early this week about Indonesia's foreign borrowings should cany a lot of weight and deserves serious attention from the government and the private sector. In a nutshell, his message calls for extra caution regarding new overseas borrowings, notably commercial debts. The
      156 words
    • 138 12 IT WOULD appear that free trade is still a distant dream. After several years, the Uruguary Round seems to be moving in circles. In her usual forthright manner, International Trade and Industry Minister Rafidah Aziz points out that there are concerns about the possibility of non-tariff barriers emerging.
      138 words
  • 1044 12  -  Kurt Eichenwald looks at a controversial study by New York's University of Rochester which says block shareholders in closed-end funds can prevent small investors from getting higher returns Kurt Eichenwald NYT 1N THE conventional wisdom of Wall Street, nothing should warm an investor's heart more than shareholders
    NYT  -  1,044 words
  • Page 12 Advertisements
    • 232 12 sY THIRD ASEAN M I SCIENCE TECHNOLOGY WEEK T 0-0 (TASTW) W Mandarin Singapore 21 September '92 11.00 am 6.00pm 22,23 September' 92 10.00 am 6.00pm 24 September '92 10.00 am 5.00pm The Asean Science Technology Week Is a triennial event aimed at promoting greater awareness within the region of
      232 words
  • Page 12 Miscellaneous
    • 37 12 DOONESBURY GARRY TRUDEAU FOR THOS£OF HXJ MHO PCN7 I'M A REPORTER. I UXfTB r KNOU MC. M JBtt PAPW, SJORJ& ABOUT MWSeONG n AK>MGS NORTON HAG A&W ON H&BN WASHINGTON. SNACK UH... MOmLALLOFIOUMM 1 THESKXXSA& KV*B Y5T
      37 words

  • ANALYSIS
    • 764 13  -  US President George Bush's China policy has all but disintegrated with the sale of F-16 jet fighters to Taiwan, writes William Safire William Safire NYT ON THE eve of the crucial 14th Party Congress in Beijing, when Chinese reformers behind Deng Xiaoping need all
      NYT  -  764 words
    • 1141 13  -  BT correspondent S N Vasuki, who was in Manila last week, speaks to Dr Jose Pardo, president of the Philippine Chamber of Commerce Industry, on the country's new pro-business mood S N Vasuki The Philippine Chamber of Commerce Industry (PCCI) is the country's leading business
      1,141 words
    • 843 13  -  The conflict in former Yugoslavia is exposing Nato's weaknesses, says Nicholas Doughty Nicholas Doughty Reuter THE MOOD at Nato these days is one of gloom, the talk of possibly terminal decline for one of the most successful alliances in history. Just a few months ago,
      Reuter  -  843 words
  • Page 13 Advertisements
    • 203 13 Si National University of Ireland Ehihlin 1908 Bachelor of Financial Services Intake January 1993 Correspondence Stud/ Programme Structure Contents The BFS Advantages 12 modules presented over 18 months as follows: Directed progress, as opposed to the traditional Accounting fiance 'independent conrspondmce mock Mcnetxy Economics ft&cy 2 lubjeco «ery three months
      203 words

  • Page 14 Advertisements
    • 482 14 Nothing Beats A Bud. Ma or I HYATT REGENCY SINGAPORE I presents for the first time in Singapore I The legendary quintet that gave you such hits as I I The Great Pretender*, Only You' and many others. Join us I I for an evening of nostalgia and fine entertainment,
      482 words
    • 244 14 WHERE TO WINE, DINE... I Suganr *N Spices is everything nice! f Spices. With renditions of old hits that'll whizz you back to the 50s and 60s between 6 pm Swimwear Fashion Show I CAPTIVATING MOMENTS I Xj I Tuesday is ladies' nighi with live entertainment and all drinks going
      244 words
    • 367 14 WE'VE JUST BRED A NEW WINNER at The Stables The Businessmen's Derby Lunch I A delectable choice of appetisers and soup. I followed closely by your pick from five delightful I main dishes and a selection of desserts. Finish I u n with coffee or tea. I Only $28.00+ I
      367 words
  • Page 14 Miscellaneous
    • 640 14 TELEVISION AND RADIO "1 1 cnno 9.00 Newt at Nine. 6.45 VWSed(M). BUSINESS ON RADIO Dt Ot 1 lAp -—"rrfini I 9-30 Quantum Leap A Single 7.00 CMM. .s < lf Kising ITOUDies atg-w J NigMty Business Report Billy Beaumont, a meteorolo- 8.30 Armed Ferces Dey (Documen- 7.05 m, 5.05pm,
      640 words

  • LIFESTYLE
    • 575 15  -  Climbers, more used to scaling corporate ladders than mountains, aim for an unconquered peak in Bhutan. Peter Becker reports Peter Becker NYT THE peak has no name. No expedition has ever climbed it. Rising from an isolated valley near the Yale (YAH-lay) pass in the mountain monarchy
      NYT  -  575 words
    • 629 15 CHATTERBOX TELEVISION star Bill Cosby, who ended his long-run-ning comedy series this year, is the world's highest-paid entertainer, with earnings of US$9B million (SS 156.8 million) in 1991 and 1992, Forbes magazine said in its Sep 28 issue. The 55-year-old Cosby's personal fortune is estimated
      629 words
  • Page 15 Advertisements
    • 172 15 AND ENTERTAIN THE ORIENT EXPRESS Capture the spirit of the Orient with culinary flavours from the Chinese kitchen. At Cafe-in-the-Park Every Tuesday Buffet Lunch from 12 pm Buffet Dinner from 6.30 pm At 519.50++ per penoH ANAHO f[ For reservations, please eaU 732-1222 extension 1700 m m 1222 g HAVE
      172 words
    • 392 15 f Focusing on Trademarks, Patents, Copyrights, Industrial Design, Passing Off and Confidential Information. The aufhorftattvm parmi covering key critical Issues: If two liiiliimlhi cause conftwloa, what's What are the due diligence the remedy? searches and necessary checks Can a person trade tinder his own name even when collaborating wtm foreigners?
      392 words
    • 128 15 CTTCUION THE JI Jill BOARD The best deal in m town returns to Nishiki again! Eat-As-Much-Sushi-As-You-Can n September. Available only at the sushi counter of Nishiki Restaurant. Priced (jjjjf $48.00+ fjgj) per {jjjjf person, you can certainly enjoy a really sumptuous lunch! Available from 7 to 30 September '92 For
      128 words

  • INNOVATION & TECHNOLOGY 1
    • 998 16  -  The founders of a Singapore-based technology start-up firm talk to Teh Hooi Ling about their dream-turned-reality software tool Teh Hooi Ling After pumping more than $600,000 into their company, the founders of Xorian Technologies aren't sure whether they are the three stooges or three musketeers. But
      998 words
    • 818 17 Big Blue is moving aggressively into the lower-end market to expand its revenue base Bloomberg IBM Personal Computer Co president Robert J Corrigan last week predicted the company will use new techniques, some borrowed from competitors, to protect its share in the US$63 billion (Ssloo
      Bloomberg  -  818 words
    • 512 17  -  Analysts are impressed by the newly-formed IBM PC's entry into the market, reports Therese Poletti Therese Poletti Reuter INTERNATIONAL Business Machines Corp's new souped-up PS/1 line was seen as an aggressive and competitive entry by its newly formed PC company in a market
      Reuter  -  512 words
    • TECH TAKES
      • 65 17 NEW YORK International Data Group, based in Framingham, Massachusetts, has announced that it would merge two of its computer magazines, PC World and Lotus. Starting with the December issue, Lotus will be folded into PC World. The combined monthly magazine, published in San
        65 words
      • 56 17 SINGAPORE Ingram Micro, a wholesale distributor of microcomputer products, has opened an export office here to serve customers in Singapore, Malaysia, Indonesia, the Philippines, Sri Lanka and India. Ingram Micro will use its existing relationships with manufacturers and publishers to expand the range of
        56 words
      • 70 17 SINGAPORE Creative Technology, a local firm recently listed on Nasdaq, has won a tender to supply 200 sets of Chinese operating system worth $99,000 to a host of primary and secondary schools. The National Computer Board awarded the tender to promote the use of computers to
        70 words
      • 68 17 SINGAPORE Chip maker National Semiconductor has i developed a line of chips, the 300 Series ECL (above), in two| lower-cost plastic packages and two single supply level trans-» lators, which reduce space for power supplies. The low power« 300 Series ECL is available in the standard
        68 words
      • 102 17 IN last week's (BT, Sep 8) story, Sound Galaxy takes on the; Sound Blaster, there were two inaccuracies in the chart,. "Stereo sound cards: how they compare", provided by the, AVS group. The chart stated that the Sound Galaxy NX Pro j is compatible to Sound Blaster
        102 words
  • Page 16 Advertisements
    • 383 16 This announcement appears as a matter ot record only PT BANK CENTRAL DAGANG US$lO,OOO,OOO TERM LOAN Arranger Agent Standard iE Chartered Standard Chartered Merchant Bank Asia Limited Lenders Central Asia Capital Corporation Limited The CNB Leasing (Hong Kong) Limited The First National Bank of Boston, Singapore Branch The Sakura Bank,
      383 words
    • 245 16 m "mm^mmm COMPRO MULTIMEDIA Looking for a whole training, education, and even entertainmen^. K new way to experience the Beyond that, your computer is still fully P~ I world? Look no further compatible with the of MS-DOS and the Compro Multimedia PC Windows software you ar£ already familiar Vith. Enhancement
      245 words

  • Page 17 Advertisements
    • 199 17 P*" m m Ml ■ram i iB iy if i h f®£ v|^'7 ifll! K B .r j 111 Jilt; The Sovereign Apartment Type B, 245 sq.m. (2,6375q ft.) see and feel the sheer luxury today -^<^t vt^s^v^n^ From the moment you drive through the French ReSOrt Uvifiq With 3
      199 words

  • SPORTS 1
    • 715 18 US Open NYT NEW YORK This was a duel with dual significance and a dizzying reward for the player who commanded it. Properly animated for the occasion, Stefan Edberg shed his usual restraint, switched on the ignition and not only mounted a successful defence of his US
      NYT  -  715 words
    • 541 19 Reuter OAKVILLE, Ontario Australian Greg Norman ended a miserable two-year drought when he recovered from a late collapse in time to win a sensational Canadian Open in a play-off against American Bruce Lietzke on Sunday. Norman surrendered a five-shot advantage over Lietzke over the final five
      Reuter  -  541 words
    • 288 19 AP SUNNINGDALE, England Nick Faldo shot a final round 65 on Sunday to clinch the US$l.2 million (Ssl.9 million) European Open golf title and maintain his run of stunning consistency. The latest triumph for the 31-year-old Englishman means he has won the last
      AP  -  288 words
    • SIDE LINES
      • 100 19 PARIS France's Pierre Lartigue overcame the handicap of misleading official maps which sent drivers into the Karakoum desert to win the ninth stage of the Paris-Beijing rally on Sunday. Lartigue, driving a Citroen, won the 458-km stage in 3 hours 50min 13sec, beating Germany's
        100 words
      • 99 19 MEXICO CITY Thousands of Mexicans on Sunday eagerly awaited the triumphant homecoming of countryman Julio Cesar Chavez, who defeated Puerto Rico's Hector Camacho in a super lightweight boxing match in Las Vegas. The victory by the 30-year-old super lightweight champion cemented Cesar Chavez as Mexico's most popular athlete
        99 words
      • 37 19 PORTLAND, Oregan Jane Crafter missed a 4-foot par putt on the second playoff hole on Sunday to give Nancy Lopez victory in the U*****,000 Ping-Cellular One Golf Championship, her second win in as many weeks.
        37 words
      • 77 19 NEW YORK Arthur Ashe remained in stable condition on Sunday, three days after the 49-year-old former tennis great suffered a mild heart attack at his New York apartment. "Arthur Ashe is resting comfortably," said Judith Lilavois, administrator at New York Hospital, where Ashe was admitted on
        77 words
      • 99 19 SEVILLE, Spain Diego Maradona, set to sign for Sevilla, said on Sunday he had paid his dues and now just wanted to be allowed to play soccer at the Spanish club. "I had to pay what they made me pay, now I hope they can
        99 words
    • 363 19 NYT SVETI STEVAN, Yugoslavia Bobby Fischer and Boris Spassky both misanalysed a tortuous position on Sunday before Fischer powerfully fought his way through to victory in Game 8 of their exhibition match here. Fischer now leads with three victories to Spassky's two. In
      NYT  -  363 words
  • Page 18 Advertisements
    • 569 18 SsSs^^^^///// I Warehouse Properties: (Land Area: 17,344 sq m) IBHP 'strategic location within I Woodlands East Industrial Estate supply available from Woodlands Yishun New Town 'ample parking for cars container trucks I 'suitable for food industries I 'potential for further development Sole Marketing Agent: For more details tender documents, BUSINE
      569 words
    • 722 18 HBANK OF NEW ZEALAND GROUP Annual Report For the Year Ended 31st March 1992 CONSOLIDATED BALANCE SHEET aa at 31 March 19#2 CONSOLIDATED PWOUT AHO LOSS STATEMENT I For the year ended 31 March 1982 Group Parent Note 1002 1991 1992 1991 I G">UP NZ $000 NZSOOO NZ$OOO KSS" 7
      722 words

  • Page 19 Advertisements
    • 138 19 foPto kim with ships) we even throw in a hotde I .i t 1 of champagne to give your craft the send off it that much easier. 1 'P e l.fc r» 1 L i deserves. Drop by our head office or And unlike Columbus, you won 1111 '3?/ an
      138 words

  • Page 20 Advertisements
    • 4660 20 WING TAI HOLDINGS LIMITED (Incorporated in the Republic of Singapore) NOTICE OF MEETING OF WARRANT HOLDERS NOTICE IS HEREBY GIVEN THAT a Meeting of the Warrant Holder* of the Company will be held at 22 Orange Grove Road. Summit Room. Vdley Wing. deleting Condition 3(c) in its entirety and aubetituting
      4,660 words

  • STOCK EXCHANGE OF SINGAPORE 1
    • 3219 21  -  By S N Vasuki THE SINGAPORE stock market remained insulated from the momentous events in global financial markets yesterday as the benchmark Straits Times Industrials Index ended the day 11.16 points higher at 1,380.40. Stockbrokers and analysts said that trading activity centred on
      3,219 words
    • Article, Illustration
      84 21  -  Quak Hiang Whai OCBC BANK has repeatedly failed to break the $10.00 level for nine years and the indicators are again beginning to show some bearish signals. The monthly RSI and weekly stochastics are nearing 100 and a failure to break resistance at $10 may see the stock
      SOURCE: BRIDGE INFO  -  84 words
  • Page 21 Advertisements
    • 59 21 1733 x Since 1735 there has HftX And thlre nu c..,i TV€ HOU( CLASS Luch PUu W 7MM»I Scant T»l 2M«H7"I» [«w»« W TMIMMO! Nn««ll iww inrawiNMi *u» >m<«»' th tiiima«) wh« im ih'mi ci»» *-w T<m.fui hem w.noi Tei M2906«M3 PJ S«»» THCHOUt CLASS JO Mf*o* tart •W«*po« S«"«ipo»*0»H
      59 words


  • 3268 23 Malayawata 210 +10 +5.0% Beijaya Leisure 137 +7 +5.4% MISC Foreign 416 +6 +1.5% Leader U 660 5 0 8% Rashid Hussain 167 +5 +3.1% M Resources 83 +4 +5.1% Golden Hope 127 +3 +2.4% Amah Hldgs 50* 104 +2 +2.0% Faber Group 45 +2
    3,268 words
  • Page 23 Advertisements
    • 362 23 YOU CAN DEMAND A SECTOR. UNDERLAB SERIES iwrJLVl~*w Sole Agent K.K.M. MARKETING PTE LTD. 1 Maritime Square, #09-33 World Trade Centre, Singapore 0409. Telephone: 270 7682 (3 Lines) Facsimile: 270 2836 Mum ABOVE AND BEYOND *****1/102 UN GATEWAY (WORLD TP ADC CENTRE) ******7 AU WATCHES MB lUIKI. o*l 121 LUC**
      362 words

  • BT SHARE INFORMATION SERVICE
    • 226 24 Compwr Data Yaar Graap Net N«t aaritiags Grots mi to profit/IMS (L) par shara dividend (000) (canto) Pan Pacific Sep 11 Mar 92 $412($795) 1.3(2.5) 4(«) GPB Sep 7 Mar 92 $13,952($12.546) «13(47.9) li 8TE(11TE Isetan Sep 7 Mar 92 $7,755($10,140) 235(31) 10(10) Insas Sep 7 Jun 92
      226 words
    • 257 24 Company Date Yaar Crwp pretax Wat aamiagt Cm» ann to pnltt/lMi (L) P* dMdeed (•000) (caat*) GK Goti Sep 11 Jun 92 112.937(115,609) 4.3(5.1) 10(10) FM Ins Sep 7 Jun 92 A$46,3631 ($288,2261) -(40) Sea View Sep 7 Jun 92 $11,505(18,681) 35 8(25.5) 10(8) Cons Plant Sep 5
      257 words
    • 993 24 CwTMt Ex BMkt Date Htal tar T«Whr payment data doM NT** tka yMr last yr ABN-Amro SI 28%<l) Aug 31 NYA Sep 14 28% 58% MOB 50c 3.5% (b) Sep 10 Sep 24 Oct 23 3.5% 35% tana 5% (I) Sep 18 Sep 30 Oct 15 5% 12
      993 words
    • 76 24 Sep 12 Laidmsfcs Bhd is setting up a MSI2 million hotel in Labuan, which will be built on a 1.2-hectare site. Convnerce Asset-HokSng proposed to buy Damansara Square, a 12-storey building now under construction in KL from Damansara Square Sdn Bhd for MJ24 million in cash. A wholly-owned
      76 words
    • 149 24 Pertama Hottw Ltd: AGM at Ist Level, Victoria Room, Victoria Wing, Mson Hotel Singapore, 101 Victoria Street, Singapore 0718, on Wednesday, Sep 16 at 9 30am Pengkaten hdustrial Hokfinp Bhd: 10th AGM at Pacific Ballroom, Level 2 The Pan Pacific Hotel, ialan Putra, ***** Kuala Lumpur, on Thursday.
      149 words
    • 261 24 Conversion Special Trdg Scrip»ea« Conversion deadline Period I rading Company sum (IDP) (ST) starts Alex HVdgs Sep 28 Oct 22 Oct 12 Oct 22 Oct 23 Apollo Sep 14 Oct 8 Sep 28 Oct 8 Oct 9 BAT Sep 14 Oct 8 Sep 28 Oct 8 Oct 9
      261 words
    • 198 24 Company Rights Issue Gddw tape One-tor* g KJ150 per share Ex-tote Aug 27 Boots dose: Sep 10 Acceptance > Payment NYA MAS Onetor-one fe MS500 per share Ex-date Sep 7 Books dose Sep 21 Acceptance > Payment NYA OUT Onetor-two J1 50 per stare Ei-date: Aug 19 Books
      198 words
    • 327 24 In local cmr la S$ US$ dy yr dy S yr *j yr srpt II Index digt chgc cfagc chy Ag_dg World 380.5 -0.6 -6.8 -1.2 -7.0 -1.3 -5.6 1EAFE 442.9 -1.1 -11.8 -2.1 -10.5 -2.2 -9.2 Europe 387.9 0.9 -5.7 -0.7 -2.6 -0.8 -LI
      327 words
    • 536 24 Company HaH-yaar Graap pra-tax totartai am ta prallt/laas (L) dWdaad COOO) Inchcape Sep 12 Jun 92 $39,272(135.713) 10(10) MTC Sep 11 Jun 92 M$27,493($36,760) 12.8(11.5) Orchard Parade Sep 11 Jun 92 $2,684(12,731) ROC Sep 11 Jun 92 $6,485 (J9.290) Hysan Sep 10 Jun 92 HK$601,979($460,767) 5.6(4.6) SAE Sep
      536 words
  • 593 24 Relative Strength Index: This indicator measures the rate at which prices move up or down, and theoretically ranges between zero and 100. In practice, it normally fluctuates between 10 and 90. RSI is calculated over a specified period, say 13 days, and is derived from the formula: 100
    CHART BY BRIDGE  -  593 words

  • KUALA LUMPUR STOCK EXCHANGE
    • 5285 25 Bernama SHARE PRICES in Kuala Lumpur closed mixed yesterday with speculative support for selected second liner stocks alternating with further liquidation, brokers said. Gains in Tokyo failed to boost sentiment as the market continued to lack fresh local incentives, they said, adding that
      Bernama  -  5,285 words

  • CHINA STOCK EXCHANGES
    • 401 26 CLSA THE SHENZHEN A Index yesterday fell 85.43 points to end at 2,392.76 after four straight days of gains. The fall was caused by waves of sell orders from profit-takers in view of the recent recovery in the market. Similarly, the Shanghai domestic
      CLSA  -  401 words
  • JAKARTA STOCK EXCHANGE
    • 974 26 JAKARTA stock sentiment stayed bearish yesterday, pushing most prices down, and brokers expected the market to remain gloomy this week due to a lack of liquidity. The Official Index fell 0.54 points to 295.56 and total turnover dropped to 3.89 million shares from the previous
      974 words
  • STOCK EXCHANGE OF THAILAND
    • 2137 26 Reuter BANGKOK share prices yesterday closed off highs as investors took profit, from early gains in the most active market in seven months, after Sunday's general election. The SET Index ended 16.05 points higher at 817.95 on large turnover of 14.73 billion
      Reuter; Source; Bridge Info  -  2,137 words
  • Page 26 Advertisements
    • 74 26 11 I I UlUlltf 111 lIIMIIUIiIg AIW ■HI II I H H II I IHI II H I I I J| ■■Ij M| UL ]H I ™i I I I'll 111 II I I Find out in I I_l'l IL H I I ll Ir I I 1 VI f
      74 words

  • TOKYO STOCK EXCHANGE
    • 2583 27 Reuter TOKYO STOCKS closed higher yesterday, led by strong futures and backed by bargain-hunting. Brokers said investors were pleased by the market's firm tone after Friday's 800-point dive, and news of an expected German rate cut braced sentiment as well. But trade was thin
      Reuter  -  2,583 words
  • STOCK EXCHANGE OF HONGKONG
    • 2779 27 Reuter HONGKONG SHARE prices closed firmer on bar-gain-hunting in very quiet trading yesterday, brokers said. The Hang Seng Index ended at 5,607.15, up 69.86 points. The All Ordinaries Index advanced 33.92 points to close at 2,986.57. Turnover was HK.51.39 billion against Friday's HKSI.B2
      Reuter  -  2,779 words
  • Page 27 Advertisements

  • AUSTRALIAN STOCK EXCHANGE
    • 2075 28 UPI THE SYDNEY share market scored one of its biggest oneday rises this year yesterday, ahead of an expected cut in German interest rates, brokers said. The All Ordinaries I ended 35.5 points higher at 1,536.7. The All Industrials .jumped 52.6 points
      UPI; Source: Bridge Info  -  2,075 words
  • REGIONAL STOCK MARKETS
    • Taiwan stocks plunge on tycoon's arrest
      • 820 28 THE SEOUL market closed its first post-holiday trading session flat after a day of narrow fluctuations yesterday, brokers said. The Composite Stock Index added 0.19 point to 551.31 with turnover at 254.3 billion won from 335.59 billion on Wednesday. The market was closed for three trading days over the
        820 words
      • 536 28 TAIWAN STOCKS plunged 2.7 per cent yesterday to end at a 20-month low as investors dumped shares after market player Oung Ta Ming's arrest over a stock scandal, brokers said. The Weighted Index, which plunged 114 points at one stage, ended 100.46 lower at 3,685.04 compared with Thursday's 3,785.50
        536 words
      • 332 28 NEW ZEALAND shares ended 1.23 per cent higher yesterday in response to the prospects of a German interest rate cut. The NZSE-40 Capital Index ended 17.92 points higher to close at 1,479.09 after reaching 1,487.64. Turnover was worth a moderate NZ$2l million. "It was all on the projected
        332 words
      • 538 28 MANILA SHARE prices closed mixed as selective buying dominated trading yesterday, dealers said. The Manila Composite Index gained 0.55 points to close at 1,418.51. Gainers slightly outpaced losers 14 to 11. Stock dealers said profit-taking tempered gains posted by selected issues such as Philippine National Bank and second-liner broadcast
        538 words
      • 50 28 INDICES TURNOVER Clow Sep 14 NEW ZEALAND NZSE-40 Capital 1,479.09 1,461.17 -4-17.92 MANILA Composite Index Turnover (mil pesos) 1,418.51 344 1,417.96 262 +0.55 +82 TAIPEI Weighted Price Index Turnover (NTS billion) 3,685.04 17.44 3,785.50 15.77 •100.46 1.67 SEOUL Composite Stock Index Turnover (billion won) 551-31 254.3 551.12 335.59 +0.19 -81.29
        50 words
  • Page 28 Advertisements

  • CURRENCY, MONEY & FUTURES MARKETS
    • 1221 29 REPORTS THE US DOLLAR and sterling firmed in early European trading amid market chaos resulting from the decision by Germany's Bundesbank to cut its rates early yesterday, but earlier gains on Asian markets were trimmed by disappointment at the scale
      1,221 words
    • 298 29 Bloomberg LONDON British fund managers are apparently pulling in their horns from overseas markets and fleeing to domestic securities before Sunday's French referendum on European economic and monetary union, according to a Gallup poll for Smith New Court Securities. Last week's survey
      Bloomberg  -  298 words
    • 1531 29 SIMEX EUROOOUAR Open High Low Sett Est Vol Act/Vol Op/Int Sep 92 96 82 9688 6326 9599 ***** Dec 92 96.82 96.90 96.82 96.84 ***** 8187 ***** Mar 93 96.77- 76.87 96.76 96.81 ***** 3983 ***** 96 76 M Jun 93 96 49 96.61 49 96.55 8005 2337
      1,531 words
    • 415 29 fV Cross rates scpu US$ S$ MS Dm Yen SFr AS NZS USS 1.6010 2.5060 1.4950 124.90 0.5297 1.3250 1.3624 1.9157 SS 0.6246 1.5653 0.9338 78.0137 0.3308 0.8276 0.8510 1.1966 MS 0.3990 0.64 0.5966 49.8404 0.2114 0.5287 0.5437 0.7644 f Dm 0.6689 1.0709 1.6763 83.55 0.3543 0.8863
      415 words
    • 545 29 Interbank rates S$ Bid Offer Overnight 7/8 I 1-month 1 5/16 I 7/16 2-month 19/16 111/16 3-month 1 11/16 I 13/16 Overnight mode: 7/8 US$ Bid Offer 7 days 3 1/16 3 3/16 1 month 3 1/8 3 1/4 2 months 3 1/16 3 3/16 3 months 3
      545 words
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  • COMMODITIES
    • 374 30 Knight Ridder TOKYO Japanese copper traders have taken a fairly bearish stance towards the market, seeing U552,350 (553,748) or U552,300 a tonne as the next likely targets for three-month prices. Copper for delivery in three months settled at U552,403 at the London Metal Exchange
      Knight Ridder  -  374 words
    • 204 30 AFP ABU DHABI Aluminium producers from Arab states, Japan and other countries will gather in Kuwait in December to discuss how to develop their industry and still protect the environment. "The discussion will focus on development of the aluminium industry, its effects
      AFP  -  204 words
    • 767 30 REPORTS GOLD closed higher in Hongkong yesterday on early short-covering and buying despite late profit-taking and selling, dealers said. "Gold opened sharply firmer, following a higher US dollar, which pushed it to a day's high of U*****.80/344.30," said Gordon Cheung, a dealer at
      767 words
  • 1524 30 Rubber HAS Commodity Brtgg (hrtays do»»i m at lpw) RSS1 Contract (S cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest Oct~92 141.75 141.75 141.25 350 M75 Nov 141.25 140.25 140.25 1,025 3,725 Dec 139.00 138.50 138.25 600 3,675 Jan/Mar 93 138.25 138.25 137.50 150 17,025 Apr/Jun 139.00
    1,524 words
  • Page 30 Advertisements
    • 404 30 BUSINESS TIMES Toll free Tel No 737 0043 «Fax No: 734 3698 \tyfkw 11 K L* Ifl 1 MAKE YOUR UNWANTED ITEMS DISAPPEAR UKE MAGIC! Want to turn your castaffs into cash? You don't need magic to do the trick. All you need is a classified ad. Call us today
      404 words

  • 1087 31 CMy Fight ETA Flight ETD Afea MaM GA893 1345 GA974 GA886 GA982 0005 0010 0250 SQ228 2025 QF82 2205 tastariaa KL837 GA893 SQ323 1255 1345 1815 GA974 GA892 KL838 SQ338 0005 0150 2240 2315 MM SQ348 2300 Aackiaad NZ35 SQ286 1550 2030 SQ288 SQ285 NZ36 2015
    1,087 words
  • THE TRAVEL PAGE
    • 687 31  -  LETTER FROM AZUMA By Risa Maeda Hundreds of Japanese, who spend their lives in overcrowded apartments, trains and offices, found peace and solitude, if only for a weekend, in the rural splendour of this village on the country's southern tip recently. It is a
      687 words
    • 151 31 As at 10am yesterday: Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.165 1.180 Canadian dollar 1.3095 1.3295 NZ dollar 0.8750 0.8950 Sterling pound 3.0130 3.0330 US dollar 1.5990 1.6050 Local dollars to 100 units of foreign currency Austrian schilling 15.50
      151 words
    • 74 31 Duration Title Venue Organiser Tel Duration Title Venue Organiser Tel Oct 19-22 IFRA '92 Palexpo. INCA FIEj *****1-*****2 Oct 20-22 Energy Olympia. Trenton Group 081-*****87 Exhibition Geneva Research Assoc. (fax) Management London Ltd, Croydon Congress of Exhibition Newspaper Tech Oct 19-22 IFRA '92 Geneva INCA FIEj 0049/
      74 words
  • Page 31 Advertisements
    • 38 31 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. Wo know Europe from start to Finnish
      38 words
    • 7 31 Advertising Marketing in Business Times every Thursday
      7 words
    • 327 31 Toll free Tel No: 737 0Q43 Fax No: 734 3698 IN THE MATTER OF THE COMPANIES ACT, CAP. SO AND IN THE MATTER OF ELECTBUILD CONSTRUCTION PTE LTD (In Voluntary Liquidation) At an Extraordinary General Meeting o( the Company held at 7500 A Beach Road #*****322 The Pteza Singapore 0719
      327 words
    • 156 31 U5530,000,000 Negotiable Floating Rate Notes due June 1995 KOREA MERCHANT BANKING CORPORATION In accordance with the provisions of the Notes, notice is hereby given that for the three-month interest period from 15 September, 1992 to 15 December, 1992 the Notes will carry an Interest Rate of 3.375% per annum. The
      156 words
    • 252 31 MULTISYNC COMFI TERS (SINGAPORE) PTE LTD (In Members Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE ISHEREBYGIVEN pursuant to Section 308 ot the Companies Act. Cap 50 that a Final Meeting ot the Members of the abovenamed company will be held at 16 Raffles Quay #26-00 Hong Leong Building, Singapore 0104
      252 words
  • Page 31 Miscellaneous
    • 210 31 7 Form of greatness for sol- i' A seat to the sun 10 Went so fast was barely iHL—JHL-—^^ Czechoslovakia (4) Wmm M 1 > for me to use 15 Don't keep the orchestra 17 He made a conquest, HH an hour after midnight (7) 20 Make a union defer
      210 words
    • 163 31 Singapore Outlook: Showers over many areas in the morning. Report Maximum temperature 32.8 Assoc humidity 58% Minimum temperature 24.7 Assoc humidity 88% Hours of sunshine 6.15 Rainfall in mm 6.3 Rainfall this month 39.2 Rainy days this month 7 World report Asia-Pacific Hi/Lo* Cond. Auckland 15/04 Cloudy Bangkok 35/26 Clear
      163 words
    • 21 31 itMeßeis p\ T»me, ftND PLACE vou to DO) \J4JSM VoJR MOU"M J Vfoß \fiMV TQDPV/ V ihS SIM CAMOOATtOWWWHMLTD, 1M21M2 W&—,
      21 words

  • 382 32  -  Thai general election From Andrew Cooke in BANGKOK THAI businessmen have welcomed the impending formation of a new government by a coalition of pro-democracy parties.' The new government will return stability to the political scene, boost confidence in the economy and encourage trade and
    382 words
  • 307 32  -  From Andrew Cooke in BANGKOK Democrat Party leader Chuan Leekpai has been given the blessing of the losing pro-military parties to become the next Thai Prime Minister. While Mr Chuan refused to discuss in depth his prospects of becoming Premier until after the coalition
    307 words
  • 453 32  -  From Loh Hui Yin in BANGKOK IN TYPICAL cautious Chuan Leekpai style, the leading candidate for Thailand's next premiership gave a measured answer about his prospects when early results indicated his Democrat Party was a clear victor in Sunday's general elections. "Everything
    453 words
  • 128 32 AP SYDNEY Government scientists say there is evidence that the long-term build-up of atmospheric methane, a powerful "greenhouse" gas, appears to be slowing globally and may peak within 15 years. Commonwealth Scientific and Industrial Research Organisation (CSIRO) research- ers say if the slowdown is
    AP  -  128 words
  • 243 32 Reuter MANILA The Philippine government has bowed to pressure and named 417 companies, some owned by cronies of former dictator Ferdinand Marcos, whose debts are being paid by the public. The finance department, pressed by congressional members who are pushing
    Reuter  -  243 words
  • 207 32 AP SEOUL In another move to curb conspicuous consumption. South Korea's government and ruling party plan to limit overseas travels by youngsters. Officials at the ruling Democratic Liberal Party said yesterday that they would seek to enact a new law during the
    AP  -  207 words
  • 712 32  -  The Bottom Line CONRAD RAJ CONRAD RAJ The writer is a BT news editor TWO DECADES ago, Britain abandoned its huge naval base in Sembawang to the Singapore government. Sometime towards the end of this year, the United States will hand over
    712 words
  • 193 32 Reuter TEL AVIV Prime Minister Yitzhak Rabin said yesterday, hours before the resumption of peace talks in Washington, that Israel would not discuss the return of the Golan Heights until Syria shows it wants peace. "No one is authorised, not in the government, at
    Reuter  -  193 words
  • Page 32 Advertisements
    • 321 32 f Singapore's most popular NitsukoMs Telephone System GIVE YOUR NICE THE EXECUTIVE mmffliF Diminished x. worry lines Mm leading to (me lines Removed QTlUhii if] Diminished tired baggy eyes f the onset of *mr J ,urrowed M stress lines Removed m open pores .jJWfig M and blackheads Diminished Removed «*JIP
      321 words
    • 192 32 SINGAPORE CONIM Cm Distributor of the most sought after Key Telephone System V Tel: 278 7088 J 2 October 1992, Hofiday Inn Parkview, Singapore Major update not to be missed by all trading companies. Featuring a select panel of authoritative speakers: Conference Highlights SrttfN Director of Tax Duty Exemption I
      192 words

  • Shipping Times
    • 350 33  -  Air, water transport services register overall growth of 6.3 pc By Rahita Elias SINGAPORE Singapore's water transport sector is likely to be able to match the country's air transport sector in importance in the next several years. According to the Department of Statistics,
      350 words
    • 682 33 NYT HONGKONG Every year, newspapers in Hongkong carry front-page pictures of retiring civil servants waving farewell to the colony from the gleaming white decks of a luxury ocean liner, pictures that enrage most Hongkong residents. Taxpayers find the pictures wildly provocative
      NYT  -  682 words
    • 892 33 Page Col ABC Containerline 12 1 Accord Group 8 1-3 APL 5 3-5 Alpha Feeders 6 1 ANL 3 1/2 Asia Cont Lines 14 5 ASCL 5 9 Bait Canada Line 7 4/5 Bait Orient Line 7 4/5 Bank Line, The 9 5
      892 words
    • 219 33  -  By Dexter Lee SINGAPORE Cebu Shipyard Engineering Works Inc, a Philippine subsidiary of locally-listed Keppel Corp, is counting on more shiprepair contracts from Japanese shipowners to help boost its bottomline this year. The shipyard recently completed major repairs on the Wild Cosmos, a 7,050gross
      219 words
    • 346 33 Reuter HANOI Hanoi has expressed concern to Britain over China's recent seizure of Vietnamese ships carrying cargo from Hongkong, a Western diplomat said. He said that ministers told Alastair Goodlad, Britain's minister responsible for Hongkong, during a visit to Hanoi last week
      Reuter  -  346 words
    • 191 33 SEATTLE McGraw-Hill Inc said it had acquired Geo S Bush Co Inc, the leading independent customs broker and freight forwarder in the Pacific northwest, for an undisclosed price. The acquisition is the fifth made by New York-based McGraw-Hill of a customs brokers and freight forwarder
      191 words
    • LOG BOOK
      • 124 34 KUALA LUMPUR Malaysia hopes a Japanese ship, said to be carrying plutonium, will not pass through the Straits of Malacca for fear of an accident that could affect neighbouring countries. Foreign Minister Datuk Abdullah Ahmad Badawi said Malaysia had adopted such a
        124 words
      • 80 34 SINGAPORE United Parcel Service (UPS) has started offering an electronic tracking service for all its ground shipments between the US and Canada. Until now, electronic tracking had only been provided for air shipments between the two countries. There will be no charge for the new
        80 words
      • 69 34 LONDON The US-flagged, roll on-roll off container vessel Rover arrived at Torbay on Sep 13 under tow, according to Lloyd's Intelligence. The 15,946-deadweight-tonne vessel reported complete engine failure in position 50.00 degrees north and 03.51 degrees west at 2035 GMT on Sep 12. The Danish
        69 words
      • 106 34 OSAKA Japanese automaker Daihatsu Motor Co, has launched a programme to streamline vehicle production to overcome flagging sales and improve profitability, company officials said. The Osaka-based mini-vehicle maker belonging to the Toyota group said the three-year programme calls for a reduction of production vehicle models and parts.
        106 words
      • 124 34 TOKYO Nippon Steel Corp director Takeshi Yoshii told a news conference that he sees company parent current profit of about 40 billion yen in the year ending March 31, 1993, down from 100.21 billion a year earlier. The lower forecast is mainly because a major
        124 words
    • 1045 34  -  David Beebe Jr, chairman of the American Institute of Marine Underwriters, describes the developments in the US market David Beebe Jr, Lloyd's List THE US ocean marine market is beginning to show surprising signs of vigour after three uninspiring years. Admittedly, the hardening of the world hull
      1,045 words
    • 680 34 CONTINUING gloom in the dry cargo freight market on Friday prompted a mild sell off in freight futures, with October breaking below support at 1,160, dealers said. BIFFEX traded 333 lots, 114 crossed, with October closing five lower at 1,160 and others down three to 15 points. The
      680 words
    • 8431 42 This is a list of ships loading at Singapore for ports around the world. It tabulates, by destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. LEGEND PN: ship calls at Penang after
      8,431 words
    • 3273 47 A xm.BC C ontainerline NV: Bclsin Shpg Agencies Pte Ltd (SyMarine Handling Sdn Bhd (PK/PN). Accord Group: Accord Shpg lie Ltd (SV Accord Contr Line (PK/PN). Adkris Business Corporation Philippine Calsource Shpg Trdg Pte Ltd (S) Ahrenkiel l.iner Service: Kim Shpg Trdg (S). Albatros Sea-Air Ser>ice: Frata Shpg
      3,273 words
    • 260 47 Abacus Couriers Tel: 545-8011. Fax: *****98 Air Express Travel Tel: 533-5771. Fax: *****44. Airborne Freight Corporation Tel: 542-8844 Fax: *****16. *****80. Airswift Worldwide Courier Tel: 278-0188 Fax: *****83. AJS Supplies Tel: 748-6322 (2 lines). 747-7421. Fax: *****75. City-Link International Tel: 344-3377. Fax: *****50. Cluster Link Supplies Services Td:
      260 words
    • 1479 47 Abex Express Freight Tel: 542-7171. Fax: *****84. Actinic Forwarder Tel: 225-1833. Fax: *****42. Activair Singapore Td: 542-7821 Fax: *****20. Aerolink Freight International Tel: 545-8033. Fax: *****05. Acrospeed Tel: 542-5911. Fax: *****18. Air Cargo Novo Express Tel: 542-5454. Fax: *****06 Air Express International Tel: 542-7666. Fax: *****74. *****50. Air
      1,479 words
    • 3493 48 ALBANIA Doth: Four vessels in port of which 1 tobacco. 1 beer, 1 general cargo, 1 sugar/rice. ARGENTINA Labour working normally. Buenos Aires: For vessels requiring deep draft berths, delays of 24-48 hours; otherwise berth situation normaU. San Lorenzo: Port busy 5 vessels operating of which 3 loading
      3,493 words
    • 556 48 ARRIVALS DEPARTURES Op Flight Type ETA T From Op Flight Type ETD T To TODAY TODAY KAL KE697 B747F 0150 1 SEL KAL KE697 B747F 0440 I BKK SIA SQ827 B747F 1730 2 CPH/DXB SIA SQ/ B747F 0715 2 DXB/LON CLX CV794 B747F 1845 I LUX/DXB BA822
      556 words
    • 223 48 CRUISE FERRY SCHEDULES CRUISE SHIPS AfT Pep NaeofVcMd ETA ETP Ports of Calls Port Agent Ujephooe No SEPTEMBER 16 16 Fantasy World 1000 1900 Sin-Jakarta Sembawang Johnson Mgt 227-8284 20 20 Fantasy World 1000 1900 Sin-Port klang Sembawang Johnson Mgt 227-8284 23 23 Fantasy World 1000 1900 Sin-Jakarta Sembawang Johnson
      223 words
    • 724 48 SHIP SALES TANKER RATES The information was contributed by Simpson Spence Young VESSELS SOLD FOR FURTHER TRADING Bulk Carriers Emma D P Seconds: 54,562 dwt and built 1973 Riuniti, reported sold in the region of USs3.Bm within Italy. Poli II: 22,312 dwt and built June 1976 IHI, reported sold in
      The information was contributed by Simpson Spence & Young  -  724 words
    • SHIPS IN PORT
      • 447 49 Vnsa Voy Wo Berth km* Departure Votm( voy No Berth km* Departue Marina Terminal 1 Sembawang Terminal Batam Mum *****2 M04 alongside 1509/2300 Hae Woo 2 V059 S02 1509/0800 1609/0700 Batam Sayang *****2 M04 along** 1509/2300 Hosho Maru 9232N S03 14 09/1100 14 09/2100 Batamtndo 2 2043S
        447 words
      • 246 49 JOflOfS rwi Berth: 1: Saita Maru; 2: Changdu, 3: New Hai Lee Seamar; 4: Far East Navee; 5: Barge Munar 2; 6: Fufeng Shan. 01 jetty: Dow Panther Global Eos. DCJ: Gloria Ocean Elite. Out on Sap 14: Certang, Global Neptune, Ruby, Zhong Shan, Barge Kuala Stak
        246 words
      • 1566 49 DELIVERY OF FCl IMPORT CONTAINERS IN PROGRESS 9* Voy No CantawnwahM. Slip Contanm nalabte iin. Mactor RS-102 13.09.92 0800 B Se™! 3 883 COO(EST) 14 0992 1500 gtn. 1309 92 0915 Genova 06/386 COO(EST) 14.0992 2200 STtuL. 92M 309 92 0952 101N COO(EST) 1409 92 2300 New Ha
        1,566 words
    • 770 50 Stfpt 15-16: Asia-Pacific Digital Cellular Mobile Communications, organised by IBC Technical Services Limited at The Mandarin Singapore. For further details please contact IBC Technical Services at tel: 732-1970 or fax: 733-5087. Oct 5 6: Conference on Quality Control in Asian Shipping, organised by IBC Technical Services Limited at
      770 words
    • 364 52 AFP SYDNEY Australia's international flag carrier Qantas Airways Ltd has completed its merger with domestic carrier Australian Airlines Ltd ahead of the eventual privatisation of the state-owned entity. The move came as the Ansett group, operator of Australia's major private domestic airline, said it
      AFP  -  364 words
    • 254 52 UPI TOKYO Two people died, five others were missing and six rescued on Sunday after a fishing boat collided with a large, unidentified ship in coastal waters, the Japanese Maritime Safety Agency said. The 12-ton Mansei Maru, which was carrying 10 anglers and
      UPI  -  254 words
    • 776 52 WASHINGTON World airline traffic will grow at 5 per cent a year through the turn of the century a slower rate than previous optimistic forecasts have predicted according to the latest long-term outlook by the International Civil Aviation Organisation (ICAO).
      776 words
    • 389 52 Use of discount coupons, latest tactic in air fare war, to blame WASHINGTON Thirdquarter airline losses will be deepened by a discount-cou-pon battle that already demolished Delta Air Lines' plans for a 5-per-cent Sep 1 fare increase. Aviation Week Space Technology reported recently.
      Source: ATA  -  389 words
    • 183 52 AFP SEOUL Korean Air (KAL) and Asiana Airlines will suspend regular passenger and cargo flights to Taipei beginning today following Seoul's decision to switch diplomatic recognition to Beijing, the airlines announced. Meanwhile, the South Korean Transport Ministry said Seoul and Beijing would open three
      AFP  -  183 words
    • 429 52 NYT MONTREAL The move toward building big global airlines continued last week with the announcement that Canadian Airlines had accepted a merger offer from Air Canada. The merger, combining Canada's two largest carriers, will create the world's 12thlargest international airline. Both carriers, which
      NYT  -  429 words
  • Page 33 Advertisements
    • 44 33 LIims aad scnrtcM r*pr*MHt«d by /^Mrcv ai.Mik n Ik ft, alat,,. aJ 11 t\mrn Jlta J /IMKMV MtiiMrs 9f iw€ RMQttry w Accr«m— I w w l SWogtoc K—b. Sfotaoor* National SMo- KvKSSMtr pteg MsoaatJon. \WJJW For advertising enquiries, contort Shipping Times: Tel 740-2089/740-2090.
      44 words
    • 184 33 Kg fim t^Si^pvflp^- j t;»?t'a> I <J| f|MpJ% flHHB M 1 US underwriters emerging in marine market, Pg 2 Qantas completes merger with Australian, Pg 20 E s£lls H Brinc Suppliers And Er Markets In Europe Closer, Quicker, More H Reliably With CGM. Whether an( importing *>*$§&*': ex P° nm
      184 words

  • Page 34 Advertisements
    • 95 34 w could be a controversial deal between two stock IJ market stars, a thought-provoking report by I university researchers on the latest trans-European YTrAr^-— merger. FOCUS zooms in on the news and issues of the day and looks at them in more depth and breadth. FOCUS is the news feature
      95 words

  • Page 35 Advertisements
    • 3695 35 IIUIVO) «W OOCL (S) PTE LTD JARDINE SHIPPING AGENCIES TEL: *****11 FAX: *****09 \lllFr BOOKINGS TEL: *****34 *****58 ■■111 1M JK TERMINAL/CFS TEL: *****18 220 P COQO9 H PESAKA JARDINE SHIPPING AGENCIES BDN. BHD. I, A PORT KELANG TEL: *****18 FAX: *****91 *****88 hlliffl /fcllT ItAUI y e PENANG TEL:
      3,695 words
    • 1468 35 WEEKLY DIRECT CALL TO NAGOYA SEA LAND EXPRESS 180E ETA SIN 21/9/92 ETA NAGOYA 1/10/92 vessel Voy ETA ETD Feeder by DESTINATIONS Learort/Arles TIM week Maiestic 9208 CY 22/9 0400 MRS HHI HHI mtm CFS 21/9 2359 MRS JOH LPK PEN OAK LOB HOU MEM ATL MIA CMS BAL PHL
      1,468 words

  • Page 36 Advertisements
    • 1321 36 VOY NO S PORE JEOOAH SHAMTON H'BURG "ANT*' LE HARVE LmMBBB3| ELBE 12/137 17/9 26/9 10/10 6/10 5/10 ifIHHHRpO HOECHST EXPRESS 05/337 20/9 7/10 9/10 12/10 13/10 ••flpfgUJl j**e| HAMBURG EXPRESS 10/138 24/9 3/10 17/10 13/10 12/10 CMflO IB K/COMMKI HANNOVER EXPRESS 10/338 27/9 14/10 16/10 19/10 20/10 COMBCTU) AT
      1,321 words
    • 471 36 |U| J8» |U| Militzer Munch InternatioMl Forwarders FCL Breakbufc Service to: I AFGHANISTAN-Hairatan/Torghundi/Kabul P M&M Afghanistan Ltd., 11 sole forwarder in Kabul tor all services I CI S Vostochnj VladuostosA Moscow. Tashkent. I Kiew. Minsk. Riga. Baku I B ocwans r NOUAKCHOTT-BANJUL-BISSAU-LUANDA-BATA L Feeder V—»l ITASBt VILLE DE LA FONTAINE
      471 words
    • 1494 36 Rlvoaaaia un ■MB REGULAR INDEPENDENT FULL CONTAINER SERVICE LMA IORASIA SAMANTHA 9221-3 15/09 07/10 01/10 11/10 12/10 12/10 13/10 14/10 15/10 lORASIA SMGA 9229-3 21/09 14/10 16/10 11/10 19/10 20/10 21/10 22/10 23/10 I lORASIA SUSAN 9230 3 29/09 21/10 23/10 25/10 26/10 26/10 27/10 29/10 29/10 I (ORASIA SHARJAH
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  • Page 37 Advertisements
    • 1413 37 H STRAITS SHIPPING PTE LTD 10 Hoe Chiang Road #11-01 Koppol Towers Singapore 0208 Tel: *****88 Fax: *****17 V ACCEPTS CMGO DUE SAES SWGATOHE PMOJOI P£» I I JTUJUTS ST Ml «1« Muara, Lab. KK 19-20 Sap 21 Sap 22 Sap MKTS PWNCESS W9203 «*T 19 S«p I P STRAITS
      1,413 words
    • 1582 37 m SINGAPORE AGENT: P/xM'fniMaMO P«0 Container* (Singapore Agenciea) Pte Ud ■■*A7f 1 1. aOfITRI Hers 10 Hoe Chiang Road #07-01 KEPPEL TOWERS. SINGAPORE 0208 X ULV/ \JUIIIOIIIVI O Tel: 225 2233 Telex: RS ***** PNOCSP Fax: 225 5327/222 7517 VI(ML VOY I fWO *PKO Si M.O SOU A*T POT HAM
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  • Page 38 Advertisements
    • 597 38 mimmii CR NBR **********0-0 EXPRESS SEMI CONTAINERSHIP SERVICES TO EUROPE VS./VOY STOtt RDM!/ ADAM tTBUTC BttUN WTMtf KIfFW 26*6 6/10 9/11 15/11 20/11 23/11 MAT MAii 33W6 27/10 26/11 30/11 4/12 «/12 FAST TRANSIT TIME ACCEPTING BREAKBULK/CONTAINERISED CARGO Sublet to lnduc«m*nt. Also accepting cargo to Casablanca, Port Said, Port Ataxandria,
      597 words
    • 1373 38 HANJIN SHIPPING FORVSL r»riL«EHAUI LGB OAK FOR VSI ll* HAUL MV IN RYC HANJM OSAKA 002E 20/9 ORECT 11/10 14/10 HAMAR KNARGYANG 092E 21/9 M. PLENTY 024E 29/10 30/10 1/11 HANJM HONGKONG 03SC 27/9 ORECT 18/10 21/10 HARAR KUNSAR 07* 28/9 H VJI J/11 «/ll HANJIN SMGAPORE 007E 4/10 ORECT
      1,373 words
    • 1251 38 IHU. SGP KSS HKC KIC PUS W! OSK NCT SM2 TO Ul OB Ml NTC ItW WW KM D» r» M m SSP I CSUtt II #53 IV* 14/1 21/1 23 25/1 20/1 211 1/10 2/10 J/10 VlO I*lo 21 10 30 10 31/10 10 11 11/11 12/11 11/11 14/11
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  • Page 39 Advertisements
    • 1892 39 NEPTUNE AGENCIES PTE LTD SINGAPORE TEL: *****77 JCR NO: **********0E) BOOKINGS (FOR ALL NOL SERVICES) NEPTUNELINK TEL *****00 (TOLL-FREE) USA SERVICE TERMINAL OFFICE *****22 ■■■■I mm mtm FAR EAST SERVICE *****00 IMPORT CFS F9: *****69/*****96 UK/EUROPE SERVICE (TOLL-FREE) EXPORT CFS F9: *****53/*****50 aust/incha/pak NEPLINE SDN BHD MALAYSIA NEPTUNELINK TEL: (03)
      1,892 words
    • 1122 39 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD BOOKING: *****51/ *****64/ *****06 (FESCO LINE) ENQUIRIES: *****33 MARINE INSURANCE SERVICE: *****87/ *****87 KL: 03-*****75/697 PORT KELANG: *****43/ *****40 JAKARTA: *****57 PENANG: *****4/ *****8 JOHORE BAHRU: *****1/ *****1 (REGULAR INDEPENDENT SERVICE) FULL CONTAINERSHIP SERVICES EASTBOUND—OtSCHARQNG WESTBOUO —LOADWG TRAHSWfED VIA ROTTERDAM »aa» wt law
      1,122 words

  • Page 40 Advertisements
    • 1679 40 K "f M AS AGENTS: KAWASAKI SINGAPORE (PTE) LTD ICR No: **********0 M) MjK W W TEL *****77 TELEX: KAWAKIRS23I6S FAX: *****07/B^9 I I l%| M MALAYSIA: 'K'UNE MARITIME (MALAYSIA! SDN BHD 1 -M. Hk. MmJ A M-J TEL SA *****00 PK *****01/5 PENANG *****0 JB *****1 ■HHB KAWASAKI KISEN
      1,679 words
    • 988 40 PHIU-ORICNT UN€S PTC LTD flrjJ BY AIR, LAND OR SEA.... m WE TAKE ON THE WORLD FOR YOU w ucmrfr OFSINGAPORE freight forwarders association__ I t AUtrnAUA/MCW zealam>/30UTH PACIFIC C{- fUJICt 11 IP NAPIER. CHRISTCHURCH 28 SEP SUVA. NOUMEA, PAPEETA. APIA. LAUTOKIA. SANANTONIO !BB= 19 QPP MFXICO CITY TAMPICO. VERA
      988 words

  • Page 41 Advertisements
    • 1715 41 PACIFIC INTERNATIONAL LINES (PTE) LTD SBBS9 B mt 140 Cecil Street, #03-00 PIL Building. Singapore 0106. Tel: *****33 CR NO: **********0E Mkapta ZZ=] [S«Z=Z=^==s VESSEL VOY SIN JKT SIN KOTA SURIA KSR36N 16/9 18/9 23/9 EQUATOR HAWK «0N IS/9 19/9 23/9 ESTE BRUGGE 2«N 17/9 20/9 24/9 KOTA INOAH 381
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    • 859 41 ■■■■BBBHiIIHP 1 EXPRESS CONTAINER SERVICE TO UK-WRTHCONTINENT-SCANDINAVIA WEEKLY c|P GUDANGI PENANG PKELANG I OCEAN VSL/VOY SIN SOU (1) RTM (2) HAM (3) GOT (4) p TiTi W9 12/9 TOYAMA 2362 15/9 2/10 4/10 5/10 7/10 B "TeTi 1879 19/9 AROSIA 2372 22/9 9/10 11/10 12/10 14/10 n 25/9 25/9 26/9
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    • 280 41 °BSA° TRANSPORTATION M MYANMA wBBk FIVE STAR LINE (Myanmar National Line) Loading for Yangon (Rangoon) S'pore P.KIg Pen P.Gdf UANDALAY V3SW ta PI >*YA VI24W In Pt 17/19 Up "AGAN VIBSW In Pt Ski »A-AHI «IIIN 17/20 S«p NIGERIAN NATIONAL SHIPPING LINE NIGERIA EXPRESS SERVICE CPC RIVER MAJE HELVETIA V.50
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  • Page 44 Advertisements
    • 2440 44 Full Container Liner Services Malaysia's Agents: Indonesia's Agents: General Agents: -tUm C«" Cm. SUM M. M Cto* Ctiao SB. SM P.T. OloMi Pirtr. Cosfar Shipping Fie LU W Mit>nstu s^°7 rrr,. Bookings: 226 1833/226 1900 Tel: 337 2441 (4 Unes) /339 5594 Port Kelang aA- W 368 8106 368 8108
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    • 261 44 SAMUOBU MDONESU (S) PTE LTD m 15 McCALLUN STREET #03-01/02 NATWEST CENTRE Singapora 010$ Tatax: R*****0 Tat; *****01-3 Fa*: 225 4830, *****30 FOR BOOKMOS CALL DIRECT UNE TEL: *****41/*****43 SM/JAK SERVICE VESSEL VOY SIN JAK LAWANTI 977 IN PT 18/09 (FFU) DERAJAT 999 16/09 (WED) 19/09 (SAT) ELBE STAR 901
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  • Page 45 Advertisements
    • 675 45 fit FAMOUS CONTAINER LINES 10 ANSON RD. #15-21 INTERNATIONAL PLAZA, S'PORE 0207 HOT LINE: *****33 (24 LINES) LIMASSOL/PIREAUS 20/9 ROTTERDAM 20/9 HAIFA/ASHDOO/ALEXANDRIA 20/9 HAMBURG/BREMEN 20/9 MARSEILLE/FRANCE 20/9 FaiXSTOWE/UK 20/9 BARCELONA/SPAIN 20/9 LEHAVRE/ANTWERP 20/9 GENOA/ITALY 20/9 GOTHENBURG/SCANDINAVIA 20/9 LOS ANGELES/WC/IPI 20/9 SYDNEY/MELBOURNE 18/9 i NEW YORK/EC 20/9 FREMANTLE/ADELAPE 17/9 VANCOUVER 20/9
      675 words
    • 1075 45 KjU TEL: *****33 (12 LinM) FAX: *****15/*****03 TELEX: R8 ***** RISHIP (3 LinM) frjlQ ETHIOPIAN SHIPPING LINES (National Lines of Ethiopia) ACCEPTINQ FCL AND CONVENTIONAL VESSEL |VOV ETA LOAOtNG FOR SPORE ANCXNET 2#WB IVIO DARESSALAAM MOMBASA. ONBOUTI ASSAB MASSAWA ABBAV WON 2 34W8 06/11 DARESSALAAM MOMBASA. DJBKXJTI ASSAB. MASSAWA H
      1,075 words
    • 345 45 Itapl IMR-IN 1 VBL VOY SMQAPOfC MADRAS SMQAPOW I ussa wr m mm j tkj moa mn sm 10-21/00 20-27/00 TKDMK 3* 10-10/09 24-25/09 0142/10 ran spud ***** 2122 yd 27 -29/00 nGaasn MN 24-25/09 JMI/i« 0740/10 VSL VOY BWOArOWC/CALCinTA/IQAftOWE nsi <ot m an m van am lsoaa u-io/oo 25-20/00
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  • Page 46 Advertisements
    • 1328 46 ftAIMAC-NELS GROUPAGE ~[\~/\~~'""|PENANG (04) *****6 SIBU: (084) *****9 KUCHING: (082) *****3 v P.KELANG: (03) *****77 JAKARTA: (21) *****32 SURABAYA: (31) *****0 HKG/TWN/BKK I GOTH/U.K/MED PORTS PEN PKL SIN PEN PK SIN 16/9 17/9 18/9 Hoot Konf Ldn/Ri/Rdm/Ant 17/9 18/9 19/9 20/9 21/9 22/9 Honf Konf G'bwi/C'haien/S'holm/Oslo 15/9 16/9 17/9 23/9
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    • 303 46 BLUE STAR LINE SINGAPORE TO AND FROM NEW ZEALAND AND PACIFIC ISLANDS SIN AKL LYT SM Hi STAR 0528 18/9 30/9 2/10 18/10 PREMER 20S 2/10 14/10 16/10 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, WELLINGTON,
      303 words
    • 1124 46 r Thong SOon lines pte. Ltd. Mi 77 ROBINSON ROAD #15-00, #16 00 SIA BUILDING SINGAPORE 0106 TEL: *****88 FAX NO: *****11, *****22 TLX: RS ***** CARRIER, RS ***** JENHOL CABLE: TOSOCO I 6flWttffl6HAL/C6tffAß»ft f CWWWMlVieir#^ SINGAPORE TO SARAWAK SINGAPORE TO WEST MALAYSIA VESSEL IVOT Is PORE IIEST KSSEL VOT
      1,124 words


  • Page 48 Advertisements
    • 135 48 UP. LIVING IT EACH WEEKEND, put up your executive feet, and let us shuffle through your imagination. We usually tread lightly, but even when we don't, youH know you're alive after that exciting, exacting or simply emaciating week of work. So don't throw in the high-flying towel, or take shots
      135 words

  • Page 49 Advertisements
    • 21 49 NfTSURE WHERE T® PUT YSUR MiNEY? Get the answer in Personal Investment Sc Finance. Every Saturday in Business Times. Business Times
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    • 57 49 HILL DELAMAIN (S) PTE. LTD. Wm9 n V o c c REGULAR CONSOL TO SOUTH AFRICA DURBAN CAPETOWN 15/09 15/09 MIDDLE EAST 12/09 ALSO ACCEPTING TO: DOHA. ABU DHABI, BAHRAIN. DAMMAM, BANDA ABBAS MINA QABOOS HONG KONG /CHINA 14/09 CALLING MOST INLAND POINTS MAIN PORTS IN MAINLAND CHINA FOR QUALITY
      57 words
  • Page 49 Miscellaneous
    • 404 49 TIDES AND WEATHER TODAY'S Tints in metres) HOW *****100 0200 0300 0400 0500 0600 0700 OIM 0900 *****100 1200 **************************0 2000 fllO 2200 Z3OO ifl 2 7 28 2.6 2.2 15 10 07 0.5 06 09 1.5 2.3 2.8 2J 2.7 23 1.7 1.1 0.7 0.4 0.4 0.7 U 1.9
      404 words

  • Page 50 Advertisements
    • 567 50 LIAN HUAT SHIPPING CO (PTE) LTD. I 10 Anson Road, #14-19/21 International Plaza, Singapore 0207. Tel: *****11 (16 lines) Fax: *****94 Tlx: RS ***** AB LENHUAT Daily receiving cargo at Pasir Panjang Terminal PT4 Tel: *****97 FULLY CONTAINERISED AND CONVENTIONAL SERVICE TO MYANMAR (YANGON) wcocpi eta etd destination service qiNZHONG
      567 words
    • 568 50 COSCQ UKC CONVENTIONAL SERVICE VESSEL PKL PNG P.O. LOADING FOR: I A VESSEL 28/09 Rott«rd»fTi Antwerp I I CHINA CONVENTIONAL SERVICE VESSEL PKL PNG P.O. LOAO4NG FOR: I TRANS ASEAN 15/09 20/09 Huangpu/Ouangzhou I COSCQ FULL CONTAINER SERVICE (FCL/FCL) J EXPORT TO: I CHINA/BANGKOK/HONGKONG EUROPE/CONTINENTAL WEST MEDITERRANEAN AUSTRALIA US WEST
      568 words
    • 393 50 JUkxssxS 800 Australia <S New Zealand Weekly LCL Consolidation toy CARGOFLO t Singapore-Australia S Fremantle Adelaide Melbourne Sydney Brisbane f Singapore-New Zealand f Auckland Wellington Lyttleton J New Plymouth Napier Christr h rffh J~ Jit B Te!:~*****88 ■■—Fax: 227^ 2083 SKH DISTRIPARK PTE LTD 77 Robinson Road #16-02 SI A
      393 words

  • Page 51 Advertisements
    • 1078 51 I ▲HYUNDAI I MERCHANT MARINE CO. LTD. WESTBOUND TO EUROPE VESSELS m+ PKE S* HTM AHT* LEH* HM» Bttt KL H. FKONTO 301N 25/09 25/09 27/09 16/10 16/10 17/10 17/10 17/10 20/10 SI MMMR 301N 09/10 09/10 11/10 30/10 30/10 31/10 31/10 31/10 03/11 SL FKOOM 301N 23/10 23/10 25/10
      1,078 words
    • 492 51 STRAITS/ JAPAN/ STRAITS SERVICE P SPECIALIST IN RO-RO HEAVY LIFTS h INBOUND VESSELS I vtstti wi n ik u |r tub um 4j sa in 111 cam mistu 12 su 11 a— I—a 21 it/i n/i If cmmctum II f U4TU MB 1 111 UNI Z 22/9 24/1 II NAME
      492 words
    • 908 51 OUR SERVICE CALLS |f««B tm, fm IkliM rsr~| S I LAI lon IMM INI lOi/ In |WC I .fSSpKUMmi I _l DIRECT EVERY at mm »n lva maAiai mi* mm u-wn I **/ii w/i> n/i» »i/u nnt n/it m/m win WEDNESDAY A mm —i iiu am aiMMia oacowrr ma I
      908 words
    • 123 51 BMTANG MAS SHIPPIN6 PTE. LTD. 39 NER. ROAD SINGAPORE 0208 TEL: *****88 TLX: R*****5 SINMER FAX: *****64 ACCEPTS Win OF CARGO STOK OESTfMTKMS kOCURT MIX VICE h Pt-15 Up Mar*. Labmn BMTANG BELMT V2OE 14-15 S«p 15-11 Up BtaMu, Mri, KBM BMTANG SEJtIA VISE 11-19 Up 24-21 Up BMM. Ml
      123 words

  • Page 52 Advertisements
    • 278 52 Every Saturday in Business Times I Someone dose has beenfiving Your son in Canada MM is studying for some years. overseas You've given up ■EH MttlngthOM you long letters. Bpy£* wanthim The Shafts Times close to home Weekly tells It better, -with news (He might PMHSSSC® from home. comeback after
      278 words
    • 40 52 Every Saturday in Business Times HEIGHT PORT KIAHC PAPUA NEW GUINEA FREIGHT REQUIRED SEPT '92 SHIPMENT PORT KLANG ALOTAU, PNG 800MT BAGGED CARGO AND PRE-SWNG. KINDLY SEND FIRM FREIGHT OFFER BASIS FHO/FUU LINER TERM BY TELEX TO RS ***** CAMS.
      40 words