The Business Times, 17 September 1992

Total Pages: 48
1 48 The Business Times
  • 16 1 Business Times MITA (P) 35/12/91 Thursday, September 17, 1992 THE BUSINESS PAPER FOR S-E ASIA 75*
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  • NEWS SUMMARY
    • 82 1 BEIJING A Chinese magazine has been fined for illegally using the pictures of two Communist leaders, one of whom died recently, for advertising purposes. The Beijing Legal News said yesterday that the magazine, which was not identified, used pictures of Chinese President Yang
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    • 69 1 WASHINGTON Output at US factories, mines and utilities took its biggest drop in seven months in August, the Federal Reserve said yesterday, as the meagre economic rebound continued to take its toll on industry. Other factors contributed to the 0.5 per cent decline in
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    • 45 1 HOSPITALS or healthcare groups considering setting up in South-east Asia should take note of the limitations and challenges in operating in these markets, the chief executive officer of Singapore's largest private hospital Robert Clapp told a medical congress yesterday Page 2
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    • 26 1 THE chairman of state-owned Philippine National Oil Company, Monico Jacob, is confident that a petrochemical complex will be built in the Philippines Page 2
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    • 15 1 THAI investors and speculators are threatening Cambodia's fragile bid for independence Page 8
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    • 36 1 THE world economy is recovering more slowly than expected, says the International Monetary Fund. During the next 12 months, world growth is expected to continue to recover at a moderate pace Page 9
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    • 27 1 A SINGAPORE company has devised a sales tool that, with the use of micro-chip voice technology, can smart-talk buyers into making a purchase Page 12
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    • 34 1 THE Singapore fleet, totalling more than 10 million gross registered tonnes, will have to double in size if the Republic is to become a total maritime centre. Shipping Times, Pg 1
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  • MARKETS SUMMARY
    • 28 1 WALL STREET declined broadly in early trading yesterday. The Dow Jones average of 30 industrials dropped 14.05 points to 3,313.27 in the first hour of trading.
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    • 31 1 SHARE PRICES were sharply lower on the London Stock Exchange yesterday. At 1136 GMT, the FTSE 100-Share Index was down 43.2 points at 2,326.8. Volume was 362.8 million shares.
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    • 44 1 MALAYSIAN listed companies are expected to raise record funds this year. They have collected a total of M 58.93 billion (555.7 billion) from Jan 2to Sep 11 this year, compared with M 54.06 billion for the whole of 1991. Page 3
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    • 39 1 SAE Industrial Systems Pte Ltd, a wholly-owned subsidiary of listed Singapore Automotive Engineering Ltd, and Singapore Institute of Standards and Industrial Research, have jointly developed a car equivalent of the aircraft black box. Page 3
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    • 34 1 THE Bank of China is expected to sign an agreement in Beijing today to use DBS Factors, a DBS Bank subsidiary, for its export and import factoring business Page 3
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    • Article, Illustration
      29 1 Wednesday Change BT-MGA 658.64 -5.99 Kuala Lumpur ....585.15 -0.76 Tokyo 17.944.70 -526.70 Hongkong 5.633.13 -20.71 Sydney 1.506.4 -24.0 Tuesday Change New York 3,327.32 -48.90 London 2.370.0 -52.1
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    • 23 1 Exchange rates US$ SS 1.5990 100 Yen S$ 1.2864 M$ S$ 0.6360 Money market rates Overnight 1 3/16% +5/16 3-month 111/16% +1/16
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    • 35 1 London Gold AM fix US$346.20 USJunch Rubber S"pore Oct.... 140.25Vkg -0.25 M'sia Oct 220.00*/kg -0.50 ML Tin Turnover 52tonnes +37 Spot M$16.75/kg +0.24 Crude palm oi Turnover 920 lots -345 Oct MS870 /tonne -2
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  • 579 1  -  By Quak Hiang Whai SINGAPORE European central banks desperately adjusted interest rates in a full-scale war against currency speculators yesterday, but the offensive did little to end the turmoil in the currency market^. To bolster sterling, Britain was forced to announced two interest rate increases
    Source: TeleTrac  -  579 words
  • 523 1  -  Dependency ratio raised to 5 foreigners for every local employed By Colin Tan SINGAPORE In a bid to ease the manpower crunch facing the construction industry, the Labour Ministry yesterday announced changes to its foreign worker policy that will allow contractors to employ up
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  • 412 1  -  King to appoint him at Monday's parliament sitting From Loh Hui Yin in BANGKOK I THAILAND'S military receded further from the political scene yesterday when it endorsed the man nominated by the pro-democracy parties as prime minister. The blessing capped a series of
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  • 137 1 Reuter TAIPEI The chairman of the Taiwanese body handling relations with China will hold an unprecedented meeting with his Chinese counterpart next month, the semi-official Taiwanese Central News Agency said yesterday. At the meeting, to be held in Singapore next month, the two
    Reuter  -  137 words
  • 201 1 SINGAPORE While the British pound found the going tough against the mighty German mark, the Singapore dollar had no problem chalking up substantial gains against the two major European currencies in recent weeks. And this was despite rock-bottom Singapore dollar interest rates, which are currently
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  • 254 1  -  By Genevieve Cua SINGAPORE Regional listings are in the offing for the Salim group, whose oleochemical division is aiming for a dominant share of the world market. "At any one time, there are six to seven Salim companies ready to be listed, so
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  • Page 1 Advertisements
    • 240 1 I Bu rberrys j J —rrcr- I <MK> 1 /'A J/ x I *88^KJ* 1 Reigns when it pours Aircraft Schedule 27 KLSE 19 Unrt Trusts 16 Commodities 26 Money Changer Rates 27 Weather 27 Company News 3-5 Money Market 25 World News 9 Cryptic Crossword 27 Regional News 8
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    • 10 1 Sterling, lira crash as speculators test will of central banks
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    • 185 1 ifiTitsuka, 7*55 The moat popular /J&3ssa j Kay Taia phone Syetem jS/ SINGAPORE COM Gm Th» Telecommunication SpadaMat V TW: 278 7088 MP UK interest rate hits 15pc Swedish rate at 500 pc German minister rales out EMS realignment, Pg 6 Editorial, Pg 10 The question of independence, Pg 11
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  • PAGE 2 NEWS
    • 476 2  -  Group set to become world's third-biggest producer of fatty alcohol By Rahita Elias SINGAPORE The Salim group is investing US$23O million (*****.7 million) in an 'oleochemical plant on Batain, which will make the Indonesian conglomerate the world's third-largest producer of fatty alcohol. ;Salim
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    • 351 2  -  By Sylvia Wong SINGAPORE The Singapore Indian Chamber of Commerce and Industry (SICCI) will start seminars and training programmes for family businesses next year to tackle leadership and succession problems faced by member,companies. SICCI honorary secretarygeneral George Abraham said theOjroblem was common and
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    • 364 2  -  Conditions call for 'opportunistic approach': CEO By J Anna Teo SINGAPORE Hospitals or healthcare groups considering setting up in South-east Asia must do so with their eyes wide open about the limitations and challenges in operating in these markets, the chief executive
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    • 146 2 Reuter MANILA Philippine lawmakers have launched an investigation into allegations that government funds were used to finance the election campaign of President Fidel Ramos. Senate deputy president Ernesto Maceda said on Tuesday after a meeting of the Senate finance committee that he would consider filing
      Reuter  -  146 words
    • 447 2 Asia-Pacific Petroleum Conference SINGAPORE The chairman of state-owned Philippine National Oil Company (PNOC), Monico Jacob, yesterday expressed confidence that a petrochemical complex will definitely be built in the Philippines. Barely two years ago, when Taiwanese investors gave up on a
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    • 255 2 Players in the region tend to shy away from hedging instruments SINGAPORE Oil trading in the Asia-Pacific region will not take off as quickly as it has in Europe and the United States as players here tend to shy away from hedging instruments such
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    • SINGAPORE ROUNDUP
      • 96 2 LABOUR Minister Lee Boon Yang yesterday urged companies to train employees so that the full benefits of automation could be realised. Workers had to able to use new technologies confidently and effectively, he said. Dr Lee, who is also the Second Minister for Defence,
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      • 60 2 MOBIL Asia-Pacific Pte Ltd yesterday signed a contract with an oil company in Karachi to blend Mobil lubricants and distribute them in Pakistan. Mobil said Technical Oil Manufacturing Pte Ltd (Tomco) had been in the business for 20 years and operated a 50,000-barrel blending plant
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      • 87 2 THE governor of the Commonwealth of the Northern Mariana Islands, Lorenzo Leon Guerrero, arrives in Singapore today to explore the purchase of fuel for power generation. He is also keen to tap Singapore investment and expertise to develop the infrastructure of the Commonwealth, which is located
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      • 66 2 THE rare Hepatitis E virus has been discovered in Singapore for the first time, the Singapore Broadcasting Corporation said yesterday. Oon Chong Jin of the department of clinical research at the Singapore General Hospital said inquiries were in hand to detect the extent of
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  • Page 2 Advertisements
    • 86 2 THERE'S NO PLACE LIKE THE NEW ORLEANS Park View Singapore You don't 'eat' at The New Orleans. Or even 'dine' at The New Orleans. You experience The New Orleans. Authentic continental cuisine practically impossible to find in this part of the world. An ambience that's sheer magic. With live jazz
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  • COMPANY NEWS 1
    • 544 3 Figure for first eight months more than double entire 1991 MBT KUALA LUMPUR Malaysian listed companies had, in the first eight months of this year, already mobilised more than double the amount of funds for the whole of last year. They
      MBT  -  544 words
    • 410 3  -  Bank of China, DBS unit to sign agreement today in Beijing By Soh Tiang Keng SINGAPORE The Bank of China is expected to sign an agreement in Beijing today to use DBS Factors, a subsidiary of DBS Bank, for its export and import factoring
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    • 234 3 SINGAPORE The Stock Exchange of Singapore yesterday asked Wearne Brothers Ltd to provide more information on the sale of its 49- per-cent interest in its Thai subsidiary, Wearne PT Realty. Wearnes, a Singaporelisted conglomerate which suffered losses because of a downturn in the
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    • 602 3  -  THE HOCK LOCK SIEW COLUMN Easy bank credit leaves fast-food group shaken by Shakey's By William Chia SINGAPORE The woes of the diversified fast-food group Inno-Pacific Holdings Ltd holds some valuable lessons for other businesses. One is the peril of being seduced by the availability of
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    • 309 3  -  By Ramesh Divyanathan SINGAPORE Monitoring driving behaviour patterns and providing data for accident investigations can now be easily accomplished with a locally-devised car equivalent of the aircraft black box. Jointly developed by SAE Industrial Systems Pte Ltd (SAEI), a wholly-owned subsidiary of listed
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    • 295 3  -  By Teh Hooi Ling SINGAPORE Promet Bhd yesterday announced an extraordinary loss of MSB.B million from sale of share investment, bringing its interim bottom line down by 53 per cent to MS4.I million (552.6 million). Interim net profit, however, rose 34 per cent to
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    • COMPANY BRIEFS
      • 81 3 KUALA LUMPUR Shareholders of Inno-Pacific Holdings have given approval for the company to sell 6,166,000 ordinary shares of KFC Holdings (Malaysia) Bhd at MS 1 each. At an extraordinary general meeting yesterday, they also ap-" proved the decision of Inno-Pacific's 90-per cent subsidiary, Top
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      • 58 3 SINGAPORE Hotel Royal Ltd yesterday explained to the Stock Exchange of Singapore that in July, it reduced its stake in Mujur Estate Sdn Bhd and Sebatik Plantations Sdn Bhd to 30 per cent each, and therefore the losses incurred by Mujur Estate and Sebatik Plantations were
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      • 68 3 KUALA LUMPUR MBf Holdings Berhad, through its wholly-owned subsidiary in Hongkong, MBf Asia Capital Corporation Ltd, has issued a letter of intent to acquire a controlling stake in Connaught Strategic Holding Ltd. In a statement to the Kuala Lumpur Stock Exchange yesterday, it said the
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      • 48 3 KUALA LUMPUR Malayan United Industries, Pan Malaysia Cement Works Bhd and Pan Malaysia Rubber Industries Bhd yesterday told the Kuala Lumpur Stock Exchange in separate statements that none of their directors or disclosed substantial shareholders has any interest, direct of indirect, in their recent acquisitions.
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      • 56 3 KUALA LUMPUR Malayan Banking Bhd will reduce its base lending rate to 9 per cent effective today from 9.2 per cent, the bank announced yesterday. Effective today, one month, three months, six months, nine months, 12 months and 15 months deposits will attract an across-the-board
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    • 169 3 SINGAPORE Household utensil maker and investment group Tong Meng Industries Ltd yesterday reported a 15.4 per cent increase in group net earnings to $495,000 for the half year to June 30. The improvement was achieved on a turnover of $3.05 million, up 13.7 per
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    • 346 3 Bernama KUALA LUMPUR Unit Consolidated Bhd, whose core business is in property development, intends to diversify its operations into the manufacturing and hotel sectors within the next three months. This will involve some Ms2s million (Ssl6 million) in investments. Its director, Chan Ah Chye,
      Bernama  -  346 words
    • COMPANY BRIEFS
      • 66 4 j>OKYO Japan's Sanyo Electric Co Ltd said yesterday it developed, with France's Thomson Consumer Electronic a revolutionary new chip to simplify colour television pntembly and drastically reduce production costs. The »jfoe-scale integrated chip can carry out functions now per--3s*ned by humans such as setting
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      • 50 4 Hongkong's Hopewell Holdings has begun on building China's largest coal-fired power station in rtßj eastern province of Henan. The total cost of the plant, to Jbuilt on a 12sqkm site, is estimated at 12 billion yuan ■J«Cout 553.5 billion). No deal has been signed yet. Kv.
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      • 99 4 Ajinomoto Co Inc said it expected parent operatprofit of 6.6 billion yen (about SsBs million) in the six paQnths to Sep 30, up 10 per cent from the same period last Mgr, due to steady demand for frozen food and seasonings. JiHJe food processor also forecast
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      • 77 4 The controversial head of one of New Holland's largest property companies, Sir Robert Jones, is to retire later this week. Sir Robert, 54, once foundpolitical party with the expressed and successful aim of Qhahging down the then government of prime minister Sir Egbert Muldoon. A former
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      • 59 4 WZ* pjCELLINGTON Air New Zealand Ltd appears to have gathered a turbulent three years since it was privatised and ptjiow flying towards calmer skies and good profits, analysts fit). They predict the company will report next Monday a net gfrefit of about NZ$l
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    • 595 4  -  From Maggie Ford in JAKARTA MOST Indonesian textile companies continued to achieve strong sales growth in domestic and export markets this year, but not all were able to translate improved turnover into a boost in net income, according to interim results now being released.
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    • 230 4 Beijing will also pass new stock management law AFP HONGKONG Chinese Vice-Premier Zhu Rongji is expected to head a new security watchdog to oversee the "healthy development" of China's securities market, it was reported here yesterday. Mr Zhu will be appointed director
      AFP  -  230 words
    • 326 4 Reuter HONGKONG Jardine Matheson, one of Hongkong's oldest and most established trading houses, is forecast to post a flat interim net as it charts a delicate course away from lossmaking overseas forays to tap the China market again. The group a
      Reuter  -  326 words
    • 286 4 Reuter HONGKONG Dairy Farm International Holdings Ltd will achieve a higher profit this year than the U*****.8 million (about Ss23o million) made in 1991, chairman Simon Keswick said. Earlier, the food retailer and distributor, which is 46 per cent owned by Jardine Strategic
      Reuter  -  286 words
    • 286 4 AP BEIJING Chinese workers have demanded US$734 million (about 5511.7 million) in compensation from Japanese construction giant Kumagai Gnmi Co, saying they were treated as slaves in Japan during World War 11, a spokesman for the Chinese group said yesterday. The spokesman,,
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    • 302 4 AFP JAKARTA National flag carrier Garuda Indonesia will have to review its ambitious US$4 billion (about 556.4 billion) fleet expansion plan because of new strict government restrictions on offshore borrowing. -A government team coor'dipating all commercial offshore borrowing had limited
      AFP  -  302 words
    • 337 4 NYT TOKYO Toshiba Machine Co, which was penalised by the US for selling equipment that helped the Soviet Union silence its submarines in the 1980s, also sold a machine that may now be helping China build better missiles, according to a Japanese magazine.
      NYT  -  337 words
    • 457 5 Japan and Western Europe are keen rivals Reuter LA JOLLA, California The US biotechnology industry faces stiff foreign competition, with Japan and Western Europe making a concerted effort to become leaders in the field, according to industry executives. Capital resources and government incentives made
      Reuter  -  457 words
    • 170 5 Reuter LONDON Companies should reveal information about their environmental performance in their annual reports, the Institute of Chartered Accountants in England and Wales (ICAEW) says. The ICAEW's Environment Research Group has issued a report saying improvement of environmental performance should be high on
      Reuter  -  170 words
    • 187 5 Reuter TAIPEI Taiwan Aerospace and British Aerospace are close to agreeing on a US$5OO million (***** million) tie-up to produce passenger jets, a newspaper reported yesterday. British Aerospace officials are expected to arrive in Taipei within a week to sign a memorandum of understanding on the
      Reuter  -  187 words
  • Page 3 Advertisements
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  • Page 4 Advertisements
    • 123 4 f/. *<• bitter to sample Indonesia s heavenly food than up on the rooftop at 'Dradewinds. ti/e re flying in 3 chefs from Dhe (sali _Milton specialty for this *""7" promotion, which is on S*pt. 16 26. H/atch them whip up exotic treats lilt* 'Disk Uinytr Sate, Papaya Soup and
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  • Page 5 Advertisements
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  • FINANCIAL NEWS
    • SMALL CHANGE
      • 64 6 LONDON Lloyds Bank pic yesterday announced that Sir Jeremy Morse would step down as chairman on Feb 5 next year and leave the bank's board the same day. He will be succeeded as chairman by Sir Robin Ibbs, who has been a
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      • 90 6 HONGKONG The People's Bank of China will allow several Japanese banks to open wholly-owned subsidiaries in seven Chinese cities, the official China Daily reported yesterday. Business will be limited to transactions in foreign currencies, the report said. The banks include Sumitomo Bank, which is
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      • 83 6 MANILA Peso-dollar futures contracts will be traded on the Manila International Futures Exchange (Mife) from Oct 1, exchange officials said. The new trade will allow exporters and importers to hedge against the wild swings in the Philippine peso against the US dollar that followed Manila's
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      • 78 6 ORLANDO Mastercard International, the non-profit payment and transaction company owned by several banks, said it was unveiling a comprehensive marketing programme aimed at capturing a greater share of the US$649 billion (S$ 1,036 billion) health care market in the US. The new programme, unveiled at the
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      • 95 6 WASHINGTON The Federal Deposit Insurance Corp, the agency that insures deposits held by US banks, on Tuesday raised the rates it charges weaker banks for insurance. The FDIC kept the levy at 23 cents per US$lOO of deposits for the best-managed and most highly
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      • 67 6 COPENHAGEN Denmark's Baltica Holding A/S has given up the idea of a merger with a Swedish group in order to concentrate strongly on its core insurance business, managing director Peter Christoffersen said. A merger between Baltica and Sweden's Forsakrings AB Skandia had been seen as
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    • 503 6 AFP STRASBOURG, France German Economics and Finance Minister Theo Waigel has ruled out any possibility of another realignment within the European Monetary System (EMS) in the near future. Speaking at a news conference here on Tuesday and discussing the notion of a further realignment
      AFP  -  503 words
    • 436 6 Rely less on government for rupiah rates, says central bank Reuter JAKARTA Indonesia's central bank, which yesterday morning stunned the Jakarta currency market by delaying announcing its rupiah rates, has said it wants the market to be more active in setting rates and rely
      Reuter  -  436 words
    • 292 6  -  By Leslie Yee SINGAPORE American International Assurance has launched a credit card the first insurer here to do so. In what industry sources have described as "a rare move by an insurance firm", AIA has tied up with Standard Chartered
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    • 406 6  -  By Quak Hiang Whai SINGAPORE US factoring giant Heller International Group, which views Asia as a largely untapped market, will set up a joint venture in Malaysia in two months' time. It is also looking for a partner in Indonesia
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    • 307 6  -  By Soh Tiang Keng SINGAPORE Holland's ING Bank will use its Singapore arm as a launch pad to expand its business and financing operations in Vietnam, Laos and Cambodia. F G H van Adrichem 800 gaert, head of ING's offshore and
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    • 535 6 Asahi News Service TOKYO While Japanese banks saddled with bad loans are coming out with plans to streamline their operations, officials of other industries say the banks are not doing enough. They say few of the rationalisation measures so far announced, such
      Asahi News Service  -  535 words
  • Page 6 Advertisements
    • 125 6 CORPORATE TASTE of Malaysia's v J* Lumpur a d highly efficient centre for at Goya's, Malaysia's only \ih-Jk restaurant, and provides an extensive MmßtwKmf <_>•' leisure facilities I travellers relish. We've WBp»^|^^^J^^^Br new 9^ for hospitality H the JM i corporate Melid Lumpur makes sense. O Melia Kuala Lumpur Melld
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  • Page 7 Advertisements
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  • THE REGION
    • NOTE BOOK
      • 70 8 HANOI Vietnamese industry, hard hit by imports from China and Thailand, has amassed stockpiles of unsold goods •fcrotth nearly US$35 million (5555.65 million) in the past six "months, the Vietnam News Agency said yesterday. The agenblamed smuggling for much of the influx of foreign goods, reporting
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      • 70 8 KOTA KINABALU Parti Bersatu Sabah (PBS) Youth -Chief Wilfred Bumburing yesterday exposed large-scale reg- istration of foreigners for identity cards through the National Registration Department branch office in Tamparuli near -•here. He claimed he had evidence to show that the foreigners had been coming from various
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      • 81 8 jr MANILA Top Philippine officials admitted on Tuesday ;»t|jat they were unsure if they could pursue cases against r defaulting private borrowers whose foreign loans totalling US$697 million (SSl.l billion) had to be assumed by the 'government. Previously, Finance Secretary Ramon Del Rot Satfo had
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      • 48 8 ;< MELBOURNE Police constables Rohan Curtis (left) and .i Craig Frost patrolled a suburb here on Tuesday, the first •.day of operations by the Victoria Police's five-member I' bicycle patrol. The project aims to increase the visibility of patrol officers and speed their response times.
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      • 77 8 f KUALA LUMPUR A Malaysian military-run retail chain selling Yugoslavian fruit juice to UN peacekeepers in Cambodia said it was not violating a UN embargo against the European country. "Our products were supplied by a firm which imported the boxed apple juice from Belgrade before
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    • 443 8 Enterprises exert dominant influence over many sectors of economy BANGKOK Just a few years after Vietnamese troops have left Cambodia, a new invasion force of Thai investors and speculators is threatening the country's fragile bid for independence. A diplomat in Phnom Penh
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    • 261 8 AFP MANILA The United States will turn over the sprawling US Subic Naval Base to Philippine control on September 30, three months ahead of schedule, Philippine Foreign Secretary Roberto Romulo said yesterday. However, American forces will
      AFP  -  261 words
    • 513 8 AFP PHNOM PENH Rampant inflation that could top 300 per cent this year is threatening to turn Cambodia into a country where people must buy their rice in the morning to beat price increases by the afternoon. And the UN Transitional Authority
      AFP  -  513 words
  • Page 8 Advertisements
    • 110 8 CHINA CONSTRUCTION (M Padlc) DEVELOPMENT CO PTE LID Mr Xu Peng, Vice President of China State Construction Engineering Corporation and Chairman of China Construction (South Pacific) Development Pte Ltd you success on the official inauguration of your company in Singapore Congratulations from ZENECON PTE LTD LOW HUA KIN ZENECON SDN
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  • THE WORLD
    • 444 9 IMF sees growth in output at 1.1 pc for this year AFP WASHINGTON The world economy is reviving more slowly than expected, and can expect to achieve only moderate recovery next year. The International Monetary Fund, in a report released here yesterday, said: "During
      AFP  -  444 words
    • 252 9 AFP WASHINGTON The World Bank is set to lend US$7 billion (SSI 1.2 billion) more this year than last year, largely due to the needs of Russia. The bank lent a total of US$2l.7 billion in the year
      AFP  -  252 words
    • 281 9 AFP WASHINGTON Developing Asian countries will show strong growth in 1993, with output growing by about 6.6 per cent, the International Monetary Fund (IMF) said here yesterday. This compares with average 6.2 per cent growth for developing countries as a whole in
      AFP  -  281 words
    • 436 9 AFP SEOUL South Korea's ruling party chief, Kim Young Sam, yesterday apologised over government vote buying, saying that a neutral election management Cabinet would be formed ahead of the December presidential election. He told a press conference that "circumstantial evidence" led him
      AFP  -  436 words
    • WORLD WATCH
      • 80 9 BEIJING Chinese authorities uncovered more than 90,000 cases of economic crime in the first half of the year, with a rapid rise in freewheeling coastal areas, the Economic Daily reported yesterday. The total was a slight drop from the corresponding period last year, but
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      • 60 9 KARACHI Pakistan's vital cotton crop has been devastated by widespread floods in the fertile Punjab province that may have damaged up to half the crop there, officials said yesterday. About 11.6 per cent of the cotton crop, or 282,800 hectares, had been destroyed by rains
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      • 65 9 HAWAII The manager of Pali Ke Kua Condos on" the cliffs of Princeville, on the island of Kauai, beginning to dnn up the debris from Hurricane Inikci on Tuesday. The cosp£x of 99 condos has only eight units inhabitable under emergency conditions. The US Senate has
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      • 87 9 LONDON British punters are backing a "yes" Sunday's French referendum on the Maastricht Treason greater European union. A spokesman for Ladbrokes, c&x£of the largest bookmakers, said on Tuesday: "All bets sine£ftie drop in interest rates by the Bundesbank (on Monday) Itave been for a yes." Another
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      • 66 9 PARIS If Sunday's French referendum on closer European Community union produces a "yes" vote, President Francpis Mitterrand may consider step down from the presidency ahead of time. Industry Minister Dominique Strauss-Kahn said on Tuesday: "Perhaps the president will consider that his task has been accomplished
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  • Page 9 Advertisements
    • 650 9 -J 9 I This summarised advertisement of the abridged prospectus dated 15 September 1992 is in conjunction with the rights issue of Golden Hope Plantations Berhad Golden Hope GOLDEN HOPE PLANTATIONS BERHAD (Incorporated in Malaysia) c RIGHTS ISSUE °f i 140,997,071 new ordinary shares of $1.00 each at an issue
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  • 470 10 EDITORIAL URMOIL is now raging in the world's currency and stock markets ever since Monday's surprise decision by Germany's Bundesbank to trim its discount and market-sensitive Lombard rates. The immediate reaction was more sneers than cheers in financial markets. But for British policymakers, Bonn's move brought
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  • WHAT THE OTHERS SAY
    • 275 10 WHEN the Asia-Pacific Economic Cooperation (Apec) grouping was formed in 1989, it was visualised as a loose, consultative forum. Last week, it became a formal association when its members decided to set up a permanent secretariat. A secretariat gives an association institutional shape and continuity. Acting
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    • 77 10 THAILAND'S pro-democracy parties have won their recent general elections. The election results show that the people have clearly understood the importance of democratic government with relatively free from military intervention. However, the meaning of democracy and its workings will depend on the Thais' taste. They have learned
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    • 129 10 REGARDLESS OF the form of punishment, the objective is to prevent or stem the spread of antisocial behaviour. Therefore, besides stepping up routine checks and taking action against unlawful behaviour, other Singaporeans must be made to believe that offenders will eventually be punished. But, punishment is usually
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  • REGIONAL VIEWPOINTS
    • 197 10 A CARELESS mistake may be put to rest by apologising. If a violation of law is minor, there may be no need for arguing about "bringing someone to justice." But the suspicion over legislator Shin Kanemaru, who stepped down as vice-president of the ruling Liberal Democratic Party
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    • 181 10 AS WE generally expected, a drastic change has emerged in Thailand's political landscape as a result of Sunday's general elections. Four of that country's anti-military parties the Democrat, the Palang Dharma, the New Aspiration and the Solidarity parties were yesterday reported to have agreed to form
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    • 122 10 WE HAVE been warned that the country may experience a water crisis in the year 2020 if no concerted effort is made now to protect and preserve water sources. Malaysia has abundant water sources yet some states still experience shortages. We are told that if efforts are
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  • 1027 10  -  Laos has been an old borrower from the big banks, yet it has maintained a low foreign debt burden, reports Harish Mehta, recently back from Vientiane Harish Mehta THROW a stone in Vientiane, and chances are you might hit a visiting foreign banker who is in
    Photo by Harish Mehta  -  1,027 words
  • Page 10 Advertisements
    • 332 10 THE WINNING EDGE BUSINESS I lj For over two decades Singapore Business has covered I Pj YY vl the local and regional business scenes with more depth and breadth from a perspective which is more relevant to local businessmen than any other publication. Some may call it an unfair advantage.
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  • Page 10 Miscellaneous
    • 34 10 DOONESBURY GARRY TRUDEAU TISIKSEErirn YUPfPUJS ALSO. I THATSm WZAWKB/OUfi pgrrwe for family yawbs. t. RfCK. ANP X UJZUVZO TttMrl \*7rL -yn mpd VOUHAP IROT CUTTH& /m, FOUfS. TBU.US HA* BUN HAP- KID.KXJSAIQ j CAnseßGane.
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  • ANALYSIS
    • 974 11  -  Tom Redburn looks at whether the recent Bundesbank move to cut interest rates is any indication of what the proposed European Central Bank will be like Tom Redburn IHT IF YOU liked the way the Bundesbank appeared to yield to outside pressure from German politicians and
      IHT  -  974 words
    • 2254 11 Hsuan Owyang, chairman of the Housing ana Development Board, delivered a speech on the management of uncertainty during the MBA Alumni Club dinner and dance on July 18. We reproduce below the speech in full -IAM deeply honoured by your invitation to be your guest-of-honour and
      2,254 words

  • ADVERTISING & MARKETING
    • 548 12  -  Hong Lee Tiam reports on a sales tool that makes use of micro-chip voice technology Hong Lee Tiam IMAGINE Michael Jackson selling soft drinks at your local supermarket. He might be soon, courtesy of micro-chip technology and Singapore businessman lan Chou. Mr Chou's firm,
      548 words
    • 328 12  -  Sylvia Wong reports on the US carrier's $800,000 campaign Sylvia Wong FORTY-FIVE years in Asia and few Singaporeans are aware of its existence. This miffed Northwest Airlines, which on Tuesday launched an $800,000 campaign to advertise its presence. Northwest, the oldest carrier in
      328 words
    • 332 12  -  Stuart Elliott in New York finds out Stuart Elliott NYT WHATs in a name? Never mind, it's what's in a logo that matters. According to a survey in the US by the Schechter Group, a New York corpo-rate-identity consultant, consumer attitudes about brands and the
      NYT  -  332 words
    • COPY LINES
      • 73 12 OMNI Marco Polo, undertaking a major renovation programme and looking to increase its presence in the competitive industry, has appointed Deanna J McGonigal as executive assistant manager for marketing. Michael Hobson, vice-president of marketing, said: "We believe that this wi11... help us to
        73 words
      • 83 12 ROSS PEROT might have wanted to become United States President, but not at any cost, especially not at US$l53 million (***** million). An analysis of thirdparty campaign media spending by New York's Horizon Media puts this as the figure Mr Perot needed to garner the minimum
        83 words
      • 68 12 PENANG Mutiara Beach Resort has been awarded the Resorts of the World Certificate of Excellence by the Board of Associated Publishing Corporation on the basis of its excellent standard of service and facilities. The resort is owned by Pernas OUE, a joint venture company between
        68 words
  • Page 12 Advertisements
    • 177 12 The legendary performance of Jaguar is now in the new 4.0 litre Sovereign. Near silent engine power, smoothly conveyed by an electronically controlled four-speed automatic transmission, is a clear reminder of its race-bred heritage. Complete with electronic cruise control and a low-loss catalyst exhaust system. And within its luxurious interior,
      177 words

  • SPORTS
    • 647 13 AP NEW YORK Muhammad Ali's hands tremble constantly. His speech is slurred. His memory is faded. He walks with a shuffle. His face is puffy. And he is very serious, not the jovial, fun-loving, poem-spouting braggadocio he was when he was heavyweight champion
      AP  -  647 words
    • SIDE LINES
      • 110 13 LONDON Sweden's Anders Forsbrand won the Equity and Law Challenge on Tuesday and insisted he can still overtake European money list leader Nick Faldo. Forsbrand collected £25,000 (S$78,000) for finishing first in this competition, in which eagles score two points and birdies one, but the
        110 words
      • 60 13 PARIS Frenchman Pierre Lartigue in a Citroen increased his lead in the Paris-Beijing rally with a victory in Tuesday's 11th stage that took the race to the Chinese frontier. Lartigue won the 455 km stage from Chimkent in Kazakhsan to Bishkek in Kirghizia 16 minutes ahead of
        60 words
      • 72 13 BLACKPOOL Hongkong snooker ace Franky Chan hit a new low on Tuesday in his dismal start to the 1992r93 world-ranking campaign when he crashed out of the Classic International Open. The 27-year-old from Causeway Bay, who has qualified for the final stages of only two out of
        72 words
      • 58 13 NEW YORK A national sports apparel company sajd yesterday that it will introduce an Arthur Ashe collection as part of its spring 1993 line and 3 per cent of the sales witt be donated to the Arthur Ashe Foundation to Defeat Aids. Ashe has endorsed the Le
        58 words
      • 68 13 TOKYO Defending champion Stefan Edberg of Sweden will spearhead the million-dollar Seiko Super men's tennis tournament from Oct 12-18, but he must keep the title to stay as the world number one player. For the 26-year-old who regained the top spot from Jim Courier by retaining
        68 words
    • 132 13 SINGAPORE The Business Times-Lancome Golf Tournament may have been played on July 29, but for two of the winners, the golfing adventure goes on. On Tuesday, Thomas Lim (left) and Victor Lee both received their tickets to a four-day, all-expenses-paid trip to Paris, at a tea party hosted
      132 words
    • 777 13 AFP DIDCOT, England Williams' victory in this year's Formula One world championship was again overshadowed on Tuesday by wrangling over Nigel Mansell's departure and who will be in the team next year. Following Mansell's angry retirement announcement over the weekend, team director
      AFP  -  777 words
  • Page 13 Advertisements
    • 149 13 Jltudy in AUSTRALIA I An excellent one year program to prepare GCE O' level studentsfor admission into the prestigious University of Melbourne and other leading Australian universities. 70% of 1991 graduates applying to University of Melbourne gained admission in Medicine, Commerce, Engineering and other faculties. Academically supervised by University of
      149 words
    • 194 13 HOW TO STAY TRIM IN BUSINESS BY CUTTING CORNERS These days, lo stay successful in business, one has lo be highly competitive Thai means having the right image, up- to- date office i equipment and full time experienced stafT; yet keeping low overheads. Here at World Wide Business Centre Pie
      194 words
    • 204 13 ideas that create new trends rather than just EhSppbhl ..w *****1 i Hi//. keeping pace with \\v *he competitors. After that's At Creative Software, we have a w^at separates passion fbr creativity. This is clearly I innovators from evident in the wide range of software the followers. To packages we
      204 words

  • Page 14 Advertisements
    • 677 14 M Nothing Beats A Bud. H PPjUNQ OF I^— I HYATT REGENCY SINGAPORE B I presents for the first time in Singapore The legendary quintet that gave you such hits as I The Great Pretender', Only You' and many others. Join us for an evening of nostalgia and fine entertainment,
      677 words
    • 257 14 WHERE TO WINE, DINE Oriental Western Specialties ak For lovers of Japanese food, our ORIENTAL CORNER features a menu of Japanese set meals at unbeatable prices. If you prefer something familiar, try our Oriental Claypot Set at $12++ which includes a Soup, Main Course, Vegetables and Dessert. #Or go western
      257 words
    • 285 14 We ve just bred a new winner at The Stables The Businessmen's Derby Lunch A delectable choice of appetisers and soup. followed closely by your pick from five delightful (Z \\!c dishes and a selection of desserts Finish with coffee or tea. Only $28-00+ 333 Orchard toad. SMnwct 0923 Tkfc
      285 words
  • Page 14 Miscellaneous
    • 588 14 TELEVISION AND RADIO trwttn- in i- Trr -in"" fiT -iT>ii-rnrir im n" rinaiw nmnniiri ini nwtmiiiiUfciMtrtiiKi—i' i i*a—iiwmwiiniß—wk m'rnm i »nn n> -r -ir q q 1 ***** is veiling personal 8.00 Battered (Documentary). !j£ (Mereo) 7.30 C*taia N (Cartoon). World Business Report If. Sr^^ralSSf a S- OJO Oawa-Return of
      588 words

  • LIFESTYLE
    • 453 15  -  Fiona Fleck reports on a Russian court jeweller's new-found respectability Fiona Fleck Reuter THE House of Faberge court jewellers to the Tsars celebrated its 150 th anniversary on Tuesday, basking in new-found respectability, at a glittering exhibition in the Kremlin in Moscow. "The official attitude to Faberge
      Reuter  -  453 words
    • 525 15 A Canadian study that finds coffee harmless to the heart brews up some dissatisfaction in a Boston academic NYT PREVIOUS studies suggesting that coffee drinking increases your chances of heart disease don't amount to a hill of beans, according to a new report. In an attempt
      NYT  -  525 words
    • 446 15 CHATTERBOX ACTOR Judd Hirsch has had his share of cancellations, but he's feeling good about the one that he was to experience yesterday. To honour his Tony-Award-winning role in Conversations With My Father, the US Postal Service is producing a special commemorative stamp cancellation
      446 words
  • Page 15 Advertisements
    • 273 15 AND ENTERTAIN A PASTA PARADE There's more to pasta than meets the eye. Savour pasta in a multitude of ways. At Cafe-in-tbe-Park Every Thursday Buffet Lunch from 12 pm Buffet Dinner from 6.30 pm a At Sl9.So++ptr person anaho^ For reservations, please call SINGAPORE —nn 16 N**Sim M*. Sngapo, 1025
      273 words
    • 170 15 ggST^R Don't miss this unbeatable Lobster Promotion! Cooked in its varied ways to bring out that unique flavour, take your pick from our Chef's recommendations or our set menus from $68 (2 persons) to $338 (10 persons). Available from 12 to 30 Sept '92 at China China Restaurant, Nishiki Restaurant
      170 words

  • STOCK EXCHANGE OF SINGAPORE 1
    • 3968 16  -  By S N Vasuki THE stock market headed south yesterday and the benchmark Straits Times Industrials Index closed 15.65 points lower at 1,367.77. Stock brokers viewed the decline with despair as earlier hopes of the STII decisively piercing the 1,400 barrier
      3,968 words
    • Article, Illustration
      79 16  -  Quak Hiang Whai NEPTUNE Orient Lines has broken through $1.50 and hit its objective of $1.29, which should provide support for the time being. Any downside risk is likely to be restricted to the $1 level. Indicators are showing strong signs of an oversold situation. Monthly and weekly
      SOURCE: BRIDGE INFO  -  79 words
  • Page 16 Advertisements
    • 52 16 i CALL MILANO'S HOT DELIVERY HOTLINE NOW! I 468-2222 i I for mouth-watering Italian pasta, pizza, BBQ ribs, salads and more! Office/Home Delivery Hours: Daily from 11.00 am onwards (including Public Holidays). I FREE delivery for a minimum order of $10.00 $3.00 surcharge for delivery after 11.00 pm. tfIIANO AllbxJ'M
      52 words


  • 3319 18 llniphoenix 116 +15 +14.9% Tongjtah Hldgs 111 +7 +6.7% MISC Foreign 418 +6 +1.5% M Banking 565 +5 +0.9% Berjaya Ind 64+4 +6.7% Leisure 142 +3 +2.2% NST i 250 2 0.8% Sungei Way 207 2 +1.0% Ganda Hldgs 73 +1Vj +2.1% Bank 50' 121
    3,319 words
  • Page 18 Advertisements
    • 295 18 BUSINESS TIMES Toll free Tel No 737 0Q43 Fax No; 734 3698 I GARAGE SALE I TIP: Invite your neighbours to join you in a garage sole, then advertise the big event in classification 176 in The Straits Tunes Classified. 737 1166 Www At na Extraordinary General Meet-a of the
      295 words
    • 363 18 HOTEL PROPERTIES LIMITED < INCORPORATED IN THE REPUBLIC OF SINGAPORE) SCRIPLESS CONVERSION TO HOTEL PROPERTIES LIMITED SHAREHOLDERS, BONDHOLDERS AND WARRANTHOLDERS NOTICE IS HEREBY GIVEN that the Stock Exchange of Singapore Ltd ("SES") has requested that the existing scrip-based settlement system for trades in the shares of the Company effected through
      363 words

  • KUALA LUMPUR STOCK EXCHANGE
    • 5301 19 Bernama BUYING support for selected second liner stocks in the afternoon session yesterday helped the local bourse to recover some ground to close on a mixed note. Prices came under selling pressure in the moming session on weaker overseas leads but
      Bernama  -  5,301 words

  • BT SHARE INFORMATION SERVICE
    • 210 20 Company Date Yaar Group Nat Nat aarniags Grata t* (L) par share dMtfaad •vw (caats) Pacific Sep 11 Mar 92 $412(1795) 1.3(2.5) 4(4) <*8 Sep 7 Mar 92 $13.952($12.546) 41.3(479) 11 8TE(I1TE) fcetan Sep 7 Mar 92 $7,755($10.140) 23.5(31) 10(10) h*sas Sep 7 Jun 92 M$4,109l($5.688L) Kamunting Sep
      210 words
    • 290 20 C—»—y Date Yaar Group pra-tax Net urak{s Grtu mi to praflt/lass (L) per share <M<—< C0#0) (cants) Eu Yan Sang Sep 14 Jun 92 J2,059($l,426) 94(5.1) 1(1) GK GoO Sep 11 Jun 92 $12,937(515,609) 4.3(5.1) 10(10) FAI Ins Sep 7 Jun 92 AJ46.3631 ($288,2261) —(40) Sea View Sep
      290 words
    • 558 20 C»wpmy Date HjM-yMr Grasp pre-tax Interim mm to praAt/toss (L) 4Mim& •A-V, COM) Amcol Sep 15 Jun 92 $16,400(527.498) tnchcape Sep 12 Jun 92 139,272(135,713) 10(10) *TC Sep 11 Jun 92 M127,493(136,760) 12.8(11.5) Parade Sep 11 Jun 92 12,684(12.731) ROC Sep 11 Jun 92 16,485(19,290) Hysan Sep 10
      558 words
    • 927 20 Croat Ex Baafcs Data Tatai tar Trial tor pay art data daaa payaMa tka yaar last yaar AMS 50c 3 5%(b) Sep 10 Sep 24 Oct 23 3.5% 15% Acma 5% (I) Sep 18 Sep 30 Oct 15 5% 12.2% Mai rtdp 50c 6%(b) At« 26 Sep 7
      927 words
    • 114 20 Sep 15 Landmariis Bhd and Pnfe Plantations Bhd are each offering to sell 9.5 miNion new Shangri-la Hotels (Malaysia) Berhad shares to their shareholders at M 52.20 each. Asia Pacific Breweries has launched a homegrown brew Raffles Light Beer the group's first creation in 60 years since the
      114 words
    • 203 20 Company Rights Issue Udan Hepe OnHor-n e MSI 50 per share Ei-date Aug 27 Bonis ctar Sep 10 Acceptance Payment NY A MAS 0ne4or-one MS 00 per share Ei-date Sep 7 Books dose: Sep 21 ire nt«ni ft MVS nCitpoflCc riymenL wta OUT One-lor-two 9 *1.50 per share
      203 words
    • 113 20 PMfbfan MsfrM Hottfi Bhd: 10th AGM at Pacific BaSroom, Level 2, The Pan Pacific Hotel, Jalan Putra, ***** Kuala Lumpur, on Thursday, Sep 17, at 10.30 am Vab-lfatoywn Corporation Bhd: 78th AGM at Dewan ArabMalaysian, 7th Floor, Bangunan Arab-Malaysian, 55 Jalan Raja Chulan, ***** Kuala Lumpur, on Thursday,
      113 words
    • 273 20 Coo version Special Trdg Serifm Cmmnkm dctdiisc Period Trading Coa*paay starts (IDP) (ST) starts Alex Hldgs Sep 28 Oct 22 Oct 12 Oct 22 Oct 23 Apollo Sep 14 Oct 8 Sep 28 Oct 8 Oct 9 BAT Sep 14 Oct 8 Sep 28 Oct 8 Oct 9
      273 words
    • 302 20 Ia load cwt Im SS 1b US$ dy yr dy yr dy yr 15 ladex d>gc ckge chft cfcgc chge cfcfe World 384.6 -0.6 -5.8 -0.3 -6.5 -0.2 -5.1 *EAFE 448.8 -0.7 -10.6 0.1 -10.3 0.1 -8.9 Europe 393.7 -1.4 -4.3 -0.5 -3.3 -0.4 -1.9
      302 words
  • 593 20 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
    CHARTS BY BRIDGE  -  593 words

  • CHINA STOCK EXCHANGES
    • 422 21 CLSA THE DOMESTIC market in Shanghai started on a strong note yesterday on the back of news that shares of legal persons (enterprises recognised by the government) will not be tradable in the secondary market this year. The news allayed fears of an
      CLSA  -  422 words
  • JAKARTA STOCK EXCHANGE
    • 940 21 Reuter STOCK prices ended mixed yesterday in active trade. Astra International ended 100 rupiah higher at 10,100 and its subsidiary United Tractors rose 400 rupiah to 10,500. But another subsidiary, Astra Graphia, fell 400 rupiah to 4,500 after the company reported a sharp fall
      Reuter  -  940 words
  • STOCK EXCHANGE OF THAILAND
    • 2148 21 Reuter INVESTORS took profits yesterday as trade slowed down in anticipation of the formation of a new government after Sunday's general election, brokers said. The SET Index ended 4.41 points or 0.54 per cent lower at 813.33 on turnover of 8.92 billion baht
      Reuter; Source: Bridge Info  -  2,148 words
  • Page 21 Advertisements

  • TOKYO STOCK EXCHANGE
    • 2532 22 Reuter STOCKS slumped yesterday and the 225-share Nikkei Average closed down 526.70 points or 2.85 per cent to 17,944.70, below 18,000 for the first time since Sep 2. Index-linked selling pummelled prices as most investors retreated to the sidelines, brokers said. An estimated 250 million
      Reuter  -  2,532 words
  • STOCK EXCHANGE OF HONGKONG
    • 2424 22 Reuter SHARES finished moderately lower yesterday in anaemic trading, with steep early losses on tumbling overseas markets pared by bargain hunters. The blue-chip Hang Seng Index lost 20.71 points to close at 5,633.13, after hitting a low of 5,599.10. Turnover slid further to
      Reuter  -  2,424 words

  • AUSTRALIAN STOCK EXCHANGE
    • 2105 23 Reuter WEAK sentiment abroad and steep falls by BHP kept stocks southbound through the afternoon yesterday, wiping one-and-a-half per cent off the market. "We really have fallen in a heap," said one broker, explaining that Germany's disappointingly small interest rate cut and reports it
      Reuter; Source: Bridge Info  -  2,105 words
  • REGIONAL STOCK MARKETS
    • Taiwan stocks end at 20-month low
      • 512 23 STOCKS sank in sluggish trade yesterday on continued worries over last week's arrest of major market player Oung Ta-ming, and the Weighted Index closed at a 20-month low, brokers said. The index ended 52.20 points or 1.4 per cent lower at 3,664.52. Turnover fell to a very thin NTS
        512 words
      • 868 23 STOCKS inched down to close lower yesterday in featureless trade with few investors showing much inclination to trade the market, brokers said. "Investors are wandering from share to share as none seems to be performing and no major market themes are in sight," Ssangyong Securities' Kim Ik-rae said. "I
        868 words
      • 295 23 SHARES followed overseas trends to end lower on less than average turnover with the NZSE-40 Capital Index easing 10.39 points to 1,469.87. Turnover was NZ$lB million, NZS6 million of which was in Telecom. The utility was one of the few leaders to rise, ending one cent higher at
        295 words
      • 100 23 SHARE prices rose in early trading yesterday, taking the Bombay Stock Exchange Index S3 points up from Tuesday's close, but slumped later on profit-taking, brokers said. The BSE Index closed at 3,404.96, down 5.33 points. The National Index rose 4.33 points to 1,516.55. "The market has shot up nearly
        100 words
      • 52 23 INDICES TURNOVER dost 4-/- Sep 16 NEW ZEALAND NZSE-40 Capital I.469.S7 1,490.26 -10.39» MANILA Compoaite Index unav 1,429.27 l». Turnover (mil peaoa) 264 173 +91, TAIPEI .4 Weighted Price Index 3*64.52 3,716.72 -52.20 Turnover (NTS billion) 13.8 18.2 -5.0^ SEOUL Composite Stock Index 539.30 S44.82 -5.53 Turnover (billion won) 209.6
        52 words
      • 465 23 SHARES ended yesterday sliglftff, I higher with gainers outpacing losers by 23 to 13. Combined turnover at the Ttt* bourses rose to 2.91 billion shares worth 264 million pesos from Tues- day's 1.84 billion shares valued at 173—1 million pesos. Manila Sep 16 Peso -f/ Voi (TOO) A. Soriano
        465 words

  • WORLD STOCK MARKETS
    • US stocks give back Monday's gains
      • 72 24 INDICES TURNOVER NEW YORK Close Prrriois Sep 15 Dow Jones SAP 500 Turnover (million) 3,327.32 3,376.22 419.77 425.27 211.86 252.75 -48.90 -5.50 -40.89 LONDON Financial Times 30 FTSE 100 Turnover (million) 1,725.7 1,775.4 2.370.0 2,422.1 506.3 535.4 -49.7 -52.1 -29.1 FRANKFURT DAX Index 1,587.55 1.595.04 -7.49 AMSTERDAM EOE Index 287.38
        72 words
      • 499 24 Other markets in Europe, South Africa and Canada Johannesburg Sep 15 Rand INDUSTRIALS J A Alpha 2900 2000 AECI 640 AMIC 6600 100 Abercom 125 Amaprop 580 10 BAZ 1300 Barlows 5000 250 r- Basil Strk 10 Blyvoor 350 unch CG Smith ***** >t CnagaJo 2300 o Curfin 650 unch
        499 words
      • Article, Illustration
        1412 24 STOCKS retreated in heavy trading on ".'Tuesday, giving back most of Monday's huge gain as investors had second -'thoughts about the surprise German in7!t£rest rate cuts that sparked the year's ''biggest rally. The Dow Jones Industrial Average, urtthich soared 70.52 points on Monday, v .surrendered 48.90 points to
        1,412 words
      • Article, Illustration
        690 24 SHARE prices fell sharply on Tuesday, losing all the gains made on Monday because of profit-taking and renewed sterling weakness. The FTSE Index of 100 leading shares was down 52.1 points to 2,370 points and the FT-30 was ofT 49.7 to 1,725.7. Trading volume was steady at 506.3 million
        690 words
      • 417 24 SHARE prices retreated during the bourse session on Tuesday in a modest consolidation of the strong gains posted on Monday in reaction to a sudden cut in German interest rates. Share traders said volumes were relatively low in comparison to Monday's activity. "This is a normal reaction after such
        417 words
      • 163 24 SHARE prices were expected to open lower yesterday following the losses in New York and Tokyo, the renewed tensions in the European Monetary System and worries about Sunday's referendum in France on the Maastricht Treaty. CAC-40 September futures were quoted at a pre-bourse midpoint of 1,830, down 19 points
        163 words
      • 257 24 SHARES, under pressure from a weak lira and worries about Sunday's referendum in France on the Maastricht Treaty, closed down but off session lows. Dealers said Tuesday's 1.34 per cent loss ate into Monday's sharp gains following the devaluation of the lira by 7 per cent over the weekend.
        257 words
      • 150 24 SHARES closed lower on Tuesday in a technical reaction to Monday's hefty 3.7 per cent rise and were pushed lower at the close by a weaker Wall Street opening. The Bel-20 Index closed 12.29 points lower at 1,107.96 points, fractionally above its day low. Volume was just over one
        150 words
      • 341 24 SOLID gains in gold shares on Tuesday limited losses in stocks as the market pulled back slightly from Monday's nearly 30-point run-up, dealers said. "The stocks have sort of marked time. Some of them followed New York down," said Rolie Bradley, an investment salesman with Maison Placements. The TSE
        341 words
      • 402 24 SHARES ended lower on Tuesday after a session led more by international weakness than the 1993 budget which, though unveiled officially on Tuesday, had been widely leaked and was in any case neutral for the bourse, dealers said. The EOE Index closed down 2.50 at 287.38. Volumes were markedly
        402 words
  • Page 24 Advertisements

  • CURRENCY, MONEY & FUTURES MARKETS
    • 1200 25 REPORTS THE BANK OF ENGLAND intervened twice to support sterling against the mark in early trading in London yesterday, market sources said. Sterling had fallen below its permitted floor level within the European monetary system (EMS) on US
      1,200 words
    • 411 25 Cross rates scpie USS SS MS Dm Yen SFr AS NZS USS 1.6010 2.S120 1.4920 124.40 0.S368 1.3230 1.3661 1.8282 SS 0.6246 1.5690 0.9319 77.7014 0.3353 0.8264 0.8533 1.1419 MS 0.3981 0.64 0.5939 49.5223 0.2137 0.5267 0.5438 0.7278 Dm 0.6702 1.0731 1.6836 83.38 0.3598 0.8867 0.9156 1.2253
      411 words
    • 534 25 Interbank rates S$ Bid Offer Overnight 1 3/16 1 5/16 1-month 13/8 11/2 2-month 1 9/16 1 11/16 3-month I 11/16 1 13/16 Overnight mode: 3/4 US$ Bid Offer 7 days 3 1/8 3 1/4 1 month 3 3/16 3 5/16 2 months 3 1/8 3 1/4 3
      534 words
    • 323 25 Reuter NEW YORK Interest rate uncertainties and the run-up to the November US presidential election will keep the US dollar volatile, but analysts said there was little chance the greenback will revisit historic lows this year. The Bundesbank's weekend decision
      Reuter  -  323 words
    • 1499 25 SIWEX wtmmum Open High Low Sett Est Vol Act/Vol Op/Int Dec 92 96.78 %J5 96J6 9766 4719 ***** Mar 93 96.69 96.73 96.61 96.67 8051 3460 ***** Jun 93 96.37 96.43 96.30 %.35 6331 1314 7197 Sep 93 96.03 96.07 95.98A 96.01 2500 678 2064 Dec 93 95.47
      1,499 words
  • Page 25 Advertisements

  • COMMODITIES
    • 368 26 Reuter JAKARTA Indonesia's politically sensitive self-suffi-ciency in rice will be threatened by the end of the century from large-scale shifts in land use, the US Embassy has said in an agriculture report. It estimated that every year between 30,000 and 50,000 ha now under
      Reuter  -  368 words
    • 277 26 Reuter GENEVA World export prices for primary commodities are expected to grow by about one per cent in 1992, after a fall of around 11 per cent last year, a United Nations study said on Tuesday. Overall commodity prices are expected to
      Reuter  -  277 words
    • 750 26 REPORTS HEAVY short-covering on the Kuala Lumpur Tin Market prompted the metal to close sharply higher at M$ 16.75 per kg yesterday. The market extended its gains to settle 24 sen higher as miners were reluctant to dispose of their stocks. Dealers
      750 words
  • 1483 26 Rubber HAS C—wdHy Exdianga (tirtiifs dwlt m at IpaQ ESS 1 C—tract (S centa/kg) Close Volume Open Month High Low Sett (tonnes) Interest Oct 92 141.25 140.75 140.25 100 1,125 Nov 139.25 138.50 139.00 3,050 3,625 Dec 137.50 137.25 137.25 1,100 3,775 Jan/Mar 93 136.50 136.00 136.25 1,500 16,350
    1,483 words
  • Page 26 Advertisements
    • 342 26 r-fc V .'Someone close has Cfceen living in Canada ;> for some years. rZ You've given up writing those long letters. The Straits Times Weekly tells it better. (He might come back after reading ail t* the good news.) |r To your principals and business associates overseas, t it's assuring
      342 words
    • 55 26 Your son is studying overseas. And you want him close to home with news from home. You've posted a manager to head your Tokyo office. The Straits Times Weekly Overseas keeps him posted. You travel often on business and want to catch up on your return. The week's main issues
      55 words

  • 1183 27 City FNgkt ETA FNgkt ETC Aka DkaM GA893 1315 AMaMa QF5 1955 SQ228 2050 Aaaaaa RJ183 0005 IMMM SQ319 0715 KL838 2240 KL837 1255 Atfcaas SQ347 1755 AacMaatf BA11 1505 SQ288 2015 BakraM GF148 0855 ■i*|i>n wv&m prnr (avaa SQ181 1410 SQ182 0915 QF6 1130 TG402
    1,183 words
  • THE TRAVEL PAGE
    • 691 27  -  LETTER FROM ARUGAM BAY By Feizal Samath Big-spending tourists and the average Sri Lankan would think twice before visiting this picturesque bay of Arugam in the Tamil rebel-torn east. But the risks of getting caught up in ethnic fighting have not deterred the real enthusiasts among
      691 words
    • 152 27 As at 10am yesterday: Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.1650 1.1750 Canadian dollar 1.3000 1.3200 NZ dollar 0.8650 0.8850 Sterling pound 2.9735 2.9900 US dollar 1 5950 1.6050 Local dollars to 100 suits of foreign currency Austrian schilling
      152 words
    • 69 27 Duration Title Venue Organiser Td Duration Title Venue Organiser Jd 0C 2J """'liZ S-*- NukkuI 8c, 092MH8M txhibition A Geneva Research Assoc (fax) Trade Show Exhibition Qr Shows Ltd Congress of giber, Surrey Technology International Bmo, Foires ET 42-5/*****8 Oct 20-22 Energy Olympia, Trenton Group 081-*****87 I
      69 words
  • Page 27 Advertisements
    • 45 27 It's amazing the lengths Finnair goes to tor just one price. Fly Finnair to Europe and well take you to 35 European destinations for the same price. Check with your travel agent or call *****77 for more details. We Kaw Europe boa Mart to Honiah.
      45 words
    • 26 27 For information on where to buy your copy of: Her World, Go, Singapore Business, Home Decor, Young Parents call our Customer Services Section on 749 2577
      26 words
    • 102 27 f" .•v y': I SUB Sfl|jB||jjjjg I :£££;ji £!&s£§£ jggigß I 88SS»re§»« ;££"i£S. i£v:£:-:-i ix:> I j; J| $^lia I |> f^lil» f Hi SB 9H| «H fflß HB mh BHH nw HB |Hi fljß jBI WHm Hi IBBf iB What's their stand on key issues? j p And how
      102 words
  • Page 27 Miscellaneous
    • 305 27 1 Capacity business for 9 One hangs from a palm |BB ■ML__pß__Bß__Bß__^^^^J__^J__ 10 Foot-long skeleton of emu ii" starts a stir (10) I j J commendation 12 Fell unconscious in den 15 Receptacle for party dips? 16 Show, we hear, to look —|*f—^ on 'lii 17 Cut waste at sea
      305 words
    • 157 27 Singapore Outlook: Occassional showers ia the Morning and early afternoon. Report Maximum temperature 29.5 Assoc humidity 71% Minimum temperature 23.3 Assoc humidity 95% Hours of sunshine 0.15 Rainfall in mm 7.3 Rainfall this month 47.9 Rainy days this month 9 lA/amIJI PAflAp4 wono report Asia-Pacific Hi/Lo* Cood. Auckland 15/09 Rain
      157 words
    • 44 27 ki«kß.Wh!WlßPffir ist-HSpmoNpo. pictures of lpoy I Qjuioc.' if u>e Rod ORISTOW -look per X PeRRy of ox voe cpim se f«st TUO ffcOKT PW&€* OF FIRTH'S FOvjNQ€.R) WER THE. COPYING A v it -S sc*wp Aioig/.) 8762 I ASSOCIATED NEWVAKU LTD.. IM2-IM2 I Qfjj^
      44 words

  • 518 28 Tokyo to seek balance in channelling of flxnds at international talks Reuter TOKYO Faced with a severe economic downturn, Japan is looking closer to home in deciding its development assistance priorities, aid officials said yesterday. Tokyo was the world's largest official
    Reuter  -  518 words
  • 425 28 Reuter WASHINGTON President George Bush, swimming in a sea of political troubles, is apparently starting to wonder about his chances of winning a second term. In an emotional speech to National Guard leaders in Salt Lake City on Tuesday, Mr
    Reuter  -  425 words
  • 389 28 Reuter TOKYO Japan, angered by Russian plans to develop a cluster of Japanese-claimed islands, has lodged a formal protest with Moscow, government officials said yesterday. "There's a problem if (Russia) begins signing contracts on territory claimed by Japan," chief government spokesman Koichi Kato
    Reuter  -  389 words
  • 277 28 AFP BERLIN Israeli Prime Minister Yitzhak Rabin said yesterday that he is worried that rising xenophobia and anti-Semitism could engulf Europe's civilisation and culture. Speaking on the final day of the first visit by an Israeli leader to a united Germany, he
    AFP  -  277 words
  • 51 28 ZARKA, Jordan Workers at the Zarka duty-free zone near Amman loading imported rice on to trucks for shipment to Iraq. Iraq's execution of dozens of merchants in a crackdown on profiteering appears to have backfired, paralysing thriving private enterprises that had kept sanctions-hit Baghdad stocked with
    51 words
  • 325 28 AFP KUWAIT CITY Candidates in next month's general election are buying votes for tens of thousands of dollars as Kuwait returns to parliamentary life after a six-year break, brokers and opposition groups say. The practice illegal but widespread across the 25 electoral districts, which
    AFP  -  325 words
  • 406 28 Reuter GENEVA Opec's attempt to push oil prices higher gained momentum yesterday as ministers bemoaned the way inflation and the US dollar's recent weakness had cut into the real value of every barrel of crude they exported. Delegate sources at
    Reuter  -  406 words
  • 796 28  -  The Bottom Line STEPHEN VINES STEPHEN VINES The writer is a Hongkong-based journalist who contributed this comment to BT. EVERYONE who's done business in China has their favourite disaster story. They range from the laughable to the frustrating to the tragic. In
    796 words
  • 254 28 AP NEW YORK Congressman Stephen Solarz, a prominent member of the House of Representatives Foreign Affairs Committee, lost his bid on Tuesday to preserve his nine-term congressional career. Mr Solarz, who ran against five Hispanic candidates in a new district designed to
    AP  -  254 words
  • Page 28 Advertisements

  • Shipping Times
    • 485 29  -  Republic's fleet has reached respectable size, says Mah By Rahita Elias SINGAPORE The Singapore fleet, totalling more than 10 million gross registered tonnes, will have to double in size if the Republic is to become a total maritime centre. Minister for
      485 words
    • 392 29 Knight-Ridder NEW YORK The US House and Senate maritime staff are working on a revised maritime policy package that they hope will be the first step towards reaching a consensus for passage of the programme this year. As envisioned by the
      Knight-Ridder  -  392 words
    • 899 29 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
      899 words
    • 249 29 Reuter SINGAPORE The Hongkong government is unfairly favouring British companies in awarding work on a giant airport and port project, a senior official of a Chinese state construction firm said. Xu Peng, vice president of state-owned China State Construction Engineering Corporation (CSCEC), said to
      Reuter  -  249 words
    • 525 29  -  By Rahita Elias SINGAPORE Three of Indonesia's largest conglomerates Salim, Bimantara and Timsco have teamed up to operate a Batam terminal, which will house a palm oil refinery and offer bunker services to ships. The joint venture PT Indoterminal Batamindah at
      525 words
    • 159 29 KnightRidder NEW YORK A ship-shar-ing deal for Orient Overseas Container Lines (OOCL) to start using Sea-Land Service and Maersk Line ships in the trans-Atlantic trade has been agreed to in principle. Under the terms of the proposed deal, the Hong-kong-based carrier will be allotted
      Knight- Ridder  -  159 words
    • LOG BOOK
      • 69 30 HONGKONG China plans to open a shipping route to South Africa to handle growing trade, the official China Daily reported. The route, expected to be in use by the end of the year, will be operated by the Sino-Tanzania Joint Shipping Company.
        69 words
      • 75 30 HONGKONG A Chinese passenger plane has travelled for the first time from Shenyang, Manchuria, to Seoul. The flight of the North China Airline Company with 32 passengers on board took place on Monday. On Sep 8, the first South Korean passenger plane arrived in Shenyang.
        75 words
      • 130 30 PARIS Air France and Air Inter airlines said they planned to provide the majority of scheduled flights despite a 24-hour pilots' strike yesterday. Air France said "almost all" of its flights would be maintained, an improvement over an earlier announcement that most long-haul flights would
        130 words
      • 48 30 LONDON The 122,970-deadweight-tonne bulk carrier Jostelle has resumed its voyage to Jeddah after grounding near Zeebrugge on Sep 12, according to Lloyd's Intelligence. The Hongkong-flagged bulk earner was not damaged and no oil leakage occurred, Lloyd's said. The vessel is managed by Souter Shipping Ltd.
        48 words
      • 85 30 WASHINGTON The US will donate 100,000 tonnes of wheat and flour to the former Soviet republic of Georgia and also pay the cost of shipping it there, USDA said. This is the first food aid agreement between the US and Georgia, a member of the
        85 words
      • 65 30 LIHUE, Hawaii Residents separated from family and homes on hurricane-battered Kauai began returning to the island on Tuesday for their first look at the devastation. Officials resumed some commercial flights to the island, where limited phone service was restored on Monday for some of the
        65 words
    • 1045 30  -  Giovanni Bisignani, Alitalia's chief executive, talks to Haig Simonian about how he addresses issues such as deregulation and international air traffic control Haig Simonian FT MR Giovanni Bisignani, chief executive of Italy's state airline, Alitalia, betrays none of the enthusiasm, let alone egomania, that infects some executives
      FT  -  1,045 words
    • 818 30 THIS twice weekly report, compiled by Cockett Marine Oil Ltd, shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on average-sized stem. Market movements are indicated. The Cockett Bunker Price Index change and
      818 words
    • 759 30 THE DRY cargo freight market was dull on Tuesday, with just average fixture volumes and unexciting freight levels paid, brokers said. The Baltic Freight Index (BF1) was unchanged at 1,053. US Gulf/Japan grain was fixed unchanged at U5519.50 for first half October, basis one combination port. A number
      759 words
    • 8456 38 This is a list of ships loading at Singapore for ports around the world. It tabulates, by destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. LEGEND PN: ship calls at Penang after
      8,456 words
    • 3161 43 A.BC Contaioeriine NV: Belsin Shpg Agencies Pte Lid (SVMarine Handling Sdn Bhd (PK/PN). Accord Group: Accord Shpg Pte Ltd (SyAccord Contr Line (PK/PN). Adkris Business Corporation Philippine: Calsource Shpg Trdg Pte Ltd (S) Ahrenkiel Liner Service: Kim Shpg Trdg(S). Albatros Sen-Air Service: Frata Shpg Pte Ltd (S). Alfred
      3,161 words
    • 259 43 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 Tel:
      259 words
    • 1469 43 Abex Express Freight Tel: 542-7171. Fax: *****84. Actinic Forwarder Tel: 225-1833. Fax: *****42. Activair Singapore Tel: 542-7812! Fax: *****20. Aerolink Freight International Tel: 545-8033. Fax: *****05. Aerosoeed Tel: 542-5911. Fax: *****18. Air Cargo Novo Express Tel: 542-5454. Fax: *****06. Air Express International Tel: 542-7666. Fax: *****74. *****50. Air
      1,469 words
    • 3528 44 ALBANIA Durres: Four vessels in port of which I tobacco, 1 beer, I general cargo, I sugar/rice. ARGENTINA Labour working normally. Buenos Aires: For vessels requiring deep draft berths, delays of 24-48 hours; otherwise berth situation normal. San Lorenzo: Port busy; 5 vessels operating of which 3 loading
      3,528 words
    • 554 44 ARRIVALS Op Flight Type ETA T From TODAY KAL KE697 B747F 0150 1 SEL SIA SQ827 B747F 1730 2 CPH/DXB CLX CV794 B747F 1845 1 LUX/DXB NCA KZ203 B747F 1930 1 NRT KAL KE685 A30F 2345 1 SEL/MNL TOMORROW JAL JL6I5 B747F 0240 1 TYO NWA NW901
      554 words
    • 214 44 CRUISE FERRY SCHEDULES CRUISE SHIPS Ait Dep Nik of Vessel ETA ETD Ports of Calb Port Ageat Te It phot No SEPTEMBER 20 20 Fantasy World 1000 1900 Sin-Port klang Sembawang Johnson Mgt 227-8284 23 23 Fantasy World 1000 1900 Sin-Jakarta Sembawang Johnson Mgt 227-8284 27 27 Fantasy World 1000
      214 words
    • 728 44 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  -  728 words
    • SHIPS IN PORT
      • 708 45 VtsMl Voy No Berth Arrival Departire Vnsd Voy No Berth Amvji Departire Marina Terminal 1 Jurong Port Batam Maju *****2 M04 alongside 1609/2300 Be Gae Bow J6 aloisside 17 09/0600 Batamndo 2 2044S M02 alongside 16 09/1900 CPC Hoianda 9201 J3 alongside 17 09/1200 Btm Bahagia *****2
        708 words
      • 192 45 Pwmbk Port to the roads: Valetta I, Boxmghai, Kasturi, Hock Huat, tsapatra. Seatran Express, IstiKlal, Sea Queen, Bunga Kiambang, Gopali, Shonan Maru, Lee Yip Leung-1, Luconia, Malayan Princess. Due on Sep 16: Cathay Rainbow, Penang Bridge, Krani, Acx lade Bunga Seroja, Tulsidas, Lampung VOISN. Due on Sep
        192 words
      • 1791 45 DELIVERY Of Fa IMPORT CONTAINERS IN PROGRESS Shp Voy No ConUran ntUbkt Smo Ocean 92NB *****2 0330 Equator Crys 108N COO(EST) *****2 2030 ACX Swan 308 15.09.92 0805 Wan Ha. 205 S035 COO(EST) 16 09 92 1500 Ye Lan 3-046E 15.09.92 0900 ACX Rose 31B COO(EST) 1609 92
        1,791 words
    • 780 46 Oct 5 6: Conference on Quality Control in Asian Shipping, organised by IBC Technical Services Limited at the Marina Mandarin. For further details please contact IBC Technical Services at tel: 732-1970 or fax: 733-5087. Oct 13-16: Seatrade Asia-Pacific Cruise Convention, organised by Seatrade. The event will take place
      780 words
    • 509 48 He blames rivals for not following American Airlines' pricing lead Reuter NEW YORK The chairman of American Airlines bemoaned the state of the airline industry on Tuesday, calling it barely "a fit subject for civilised dialogue". Speaking to airline analysts at a
      Reuter  -  509 words
    • 256 48 AP LONDON GPA Group pic, the world's largest aircraft leasing company, is negotiating with aircraft manufacturers to slow delivery about US$5 billion (557.9 billion) in jets through the end of the century, an industry source said. The Irish company is in negotiations with some
      AP  -  256 words
    • 269 48 AFP BANGKOK Thailand's automobile dealers have some good news and some bad news for the motoring public. The good news is that car sales in August jumped 78.2 per cent over the same month last year. The bad news is that 11,506 more
      AFP  -  269 words
    • 447 48 AP WASHINGTON About 300 people in the US have died in side-impact crashes from fuel tank fires or explosions in General Motors pickup trucks, 10 times more than caused by the Ford Pinto, a car safety group says. The Center for Auto
      AP  -  447 words
    • 417 48 HANOI Passing through Vietnam may not be the shortest way to ship a cargo of new cars from Hongkong to China, but it may be one of the most profitable. Traders have discovered that they can dodge Chinese import tariffs by shipping
      417 words
    • 336 48 Somalia's relief operations AFP MOGADISHU, Somalia The International Committee of the Red Cross (ICRC) started trucking food out of the port on Tuesday from the first relief ship to dock since fighting broke out there over food at the end of last month.
      AFP  -  336 words
  • Page 29 Advertisements
    • 18 29 Ums »d MrvtcM rifrMMM E'." I 1 ■•ihtry tf Accreditm For advertising enquiries, contact Shipping Times: Tel 740-2089/740-2090
      18 words
    • 223 29 THE Apr l to i eaaamk/ piMlllgll 224 1833 For more information please refer to Pg. 13 Turning Alitalia around, Pg 2 Airline industry unfit for civilised talk, Pg 20 3 meeting I I PSA PORTNET EDI 1 DEADLINE? i MSS HAS THE I I AFFORDABLE SOLUTION! I 1 MUMPS
      223 words

  • Page 30 Advertisements
    • 57 30 l Singapore's stockbrokers look to the region Bangalore: India's Silicon Valley K^Tj T^ C p^SjPßl What's driving the property boom How CEOs trim corporate fat Ways to cap rising medical employee costs What if your career plateaus How SMEs can borrow on big boys'terms H H Investment spotlight on Fraser
      57 words

  • Page 31 Advertisements
    • 3928 31 CL <*> PTE LTD JARDME BHIPPING AGENCIES *****11 FAX: *****09 \llfJ# BOOKINGS TEL: *****34 *****58 TERMINAL/CFS TEL: *****18 220 iTMWfIn PESAKA JARDINE SHIPPING AGENCIES 80N. BHD. L VOOOf J PORT KELANG TEL: *****18 FAX: *****91 *****88 ClM#i 4fc114 UaIU Dedicated to Quality Service Ttoh CFS TEL M9BM ■UIJ.II.IJI PIIIO OUI
      3,928 words
    • 1366 31 WEEKLY DIRECT CALL TO NAGOYA SEA LAND EXPRESS V.IBOE ETA SIN 21/7/92 ETA NAGOYA 1/10/92 VMaal voy ETA I ETD I FMdar DESTINATIONS n I CfS 21/9 2359 MRS JOH LPK PEW OAK LOB MOO MEM ATL MIA CHS NYC MOM TOR SSlll/l 12/9 li',l £',l !?'!2 12"° 1 4/10
      1,366 words

  • Page 32 Advertisements
    • 1436 32 R'DAM/ VOY NO S PORE JEDDAH S HAMTON H BURG ANT LE HARVE HnrrHST fkpbfcc nl'i-!« 26/9 ,0/1 6/10 sno I. ALL WESTBOUND HOECHST EXPRESS 05/337 20/9 7/10 9/10 12/10 13/10 mv inuttimuir HAMBURG EXPRESS 10/138 24/9 3/10 17/10 13/10 12/10 HANNOVER EXPRESS 10/338 27/9 14/10 16/10 19/10 20/10 KURAMA
      1,436 words
    • 506 32 FCL 4 Bfeakbulk Service to: AFGHANISTAN M&M Afghanistan Ltd., Sole forwarder in Kabul tor all services C.1.5.-Vottochny, Vladivostok, Moscow, Tashkent, Kiew, Minsk, Riga, Baku North Korea Vietnam t Mongolia Hungary CSFR Poland ocwans AGENCIES (FAR EAST) LTD NOUAKCHOTT-BANJUL-BISSAU-LUANDA-BATA Feeder Vessel ETA SIN VILLE DE LA FONTAINE 20/09 VILLE DE TUCANA
      506 words
    • 1484 32 I BBiiiam MM REGULAR INDEPENDENT FULL CONTAINER SERVICE VSL/VOY SIN AL^^BCL^»UW^^BREI^RO^^ANT^^FE^^LHA| NORASIA SAMANTHA 9228-3 15/09 07/10 08/10 11/10 12/10 12/10 13/10 14/10 15/10 NORASIA SINGA 9229-3 22/09 14/10 16/10 18/10 19/10 20/10 21/10 22/10 23/10 NORASIA SUSAN 9230-3 29/09 21/10 23/10 25/10 26/10 26/10 27/10 28/10 29/10 I JjORASIAJHARJAH 9231j
      1,484 words

  • Page 33 Advertisements
    • 1981 33 H STRAITS SHIPPING PTE LTD 10 Hoe Chiang Road #11-01 Koppel Towers Singapore 0208 Tel: *****80 Fax: *****17 HHHP9!TVnnTVF3iV99iIVffinE7IWYTTfIIViVNHH *C(»tJ CMfiO HI SAtS SMGAPORt PHOIM PENH Jlf ETii J* 9 !i T| s «ran 19 up KRO MADURA VO9C KK, Skin, Tow 22*23 Sop 22 Sop 25 Sop amtk MMvrtt
      1,981 words
    • 2070 33 w i-i SINGAPORE AGENT: MXtI 1 f ItlA|*C PAO Containers (Singapore Agencies) Pte Ltd X i\V/ VJvFlllCllllVl o 10 Hoe Chiang Road #07-01 KEPPEL TOWERS. SINGAPORE 0208 ■HRBV Tel: 225 2233 Telex: RS ***** PNOCSP Fax: 225 5327/222 7517 X CR Number **********0Z Viae«L VO* *P*QBINAL6 60U AMT NOT HAM
      2,070 words

  • Page 34 Advertisements
    • 594 34 CR NBR **********0-0 EXPRESS SEMI CONTAINERSHIP SERVICES TO EUROPE W-/WT STOtt MMM/MMM HUM BREMEN WTKW KVTM/2CW 1/10 9/11 15/11 21/11 23/11 MTNUM/UW 25-M/ll 30/12 2/1 5/1 10/1 FABT TRANSIT TIME ACCEPTING BREAK BULK/CONTAINERISED CARGO tub|act to InducwTMnl. Ateo accepting cargo to CaubUnca, Port Said, Port Alexandria, Genoa, Trtoato. ALSO ACCEPTMG
      594 words
    • 1385 34 HANJIN SHIPPING FDR VSL 5 UK MAUL IB OK FDR VS. SN llfC HAUL SRI IN UK HAMM OSAKA 002E 20/9 URECT 11/10 14/10 HANJM HWANG TANG 092E 21/9 M PIEMTT 024E 29/10 30/10 1/11 HAIUN HONGKONG 03SE 27/9 OKCT 18/10 21/10 HANJM HUMAN 0791 2S/9 H. SAVANNAH 0341 5/11
      1,385 words
    • 1337 34 I PU W IX HK lit fUS m 0» K1 SW iro IU MS Ml IRC im VM n Ilf IK rs M HI I"' 10NMK *1-075 22/9 21/1 21/1 10/1 2/10 S/10 1/10 1/10 1/10 10/10 12/10 23/10 4/11 0/11 7/U 17/11 11/11 11/11 20/11 a/11 1/1211/12 15/12 11/12
      1,337 words

  • Page 35 Advertisements
    • 2116 35 NEPTUNE AGENCIES PTE LTD SINGAPORE TEL: *****77 (CR NO: **********0E) BOOKINGS (FOR ALL NOL SERVICES) NEPTUNELINK TEL *****00 (TOLL-FREE) USA SERVICE TERMINAL OFFICE *****22 mm mrn FAR EAST SERVICE *****00 IMPORT CFS -F9 *****69/*****96 AmC uk/europe service (toll-free) export cfs -F9 *****53/*****50 aust/inoia/pak •V r NEPLINE SDN BHD MALAYSIA NEPTUNELINK
      2,116 words
    • 1127 35 m 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 EASTBOUHD—DtSCHAftGWG WtSTBOUHP-IOAONC TRANSHPPfI) VIA ROTTERDAM wt I»i |>u
      1,127 words

  • Page 36 Advertisements
    • 1547 36 AS AGENTS: KAWASAKI SINGAPORE (PTE) LTD ICR No: **********0 M) W W IkT 17\ TEL *****77 TELEX: KAWAKIRS23I6S FAX: *****07/^9 V I H m MALAYSIA: "K" UNE MARITIME (MALAYSIA) SON BHD 1 A TEL SA *****00 PK *****01/5 PENANG *****0 JB *****1 KAWASAKI KISEN KAISHA, LTD INDONESIA: P.T. SARANALAUTINTERNUSA TEL:
      1,547 words
    • 1074 36 TffO pmu-omeNT UNts fffiro+j V ssssKEssasßSss2S~-» BY AIR, LAND OR SEA.... r nwA AWS 1 mg££r WE TAKE ON THE WORLD FOR YOU w MEMBER OF SINGAPORE FREIGHT FORWARDERS ASSOCIATION AusrruuA/Nsw zEALAm/9QQTH pacific 18 SEP SYDf«Y. MELBOURNE. FREMANTLE C HRISTCHURCH SUP i in ccp MFXICO CITY TAMPICO, VERA CRUZ, PARAMARIBO
      1,074 words

  • Page 37 Advertisements
    • 2204 37 PACIFIC INTERNATIONAL LINES (PTE) LTD l_ 1111 Ml4O Cecil Street, #03-00 PIL Building, Singapore 0106. Tel: *****33 CR NO: **********0E t JAKARTA BANGKOK VESSEL WOV aim KT Cl*. VESSEL VOYSIN BKKSIN KOTA imhau XT' rr;, SRISAMUT (THAI FLAG) SRS3SN 21/9 24/9 27/9 ROTA INDAH 381 20/9 23/9 27/9 if/muTMu mi
      2,204 words
    • 619 37 E'3 9 '8 1.. j -.1 E 25/9 26/9 NIHON 2382 29/9 16/10 18/10 19/10 21/10 D 2/10 2/10 3/10 BENARTY 2392 6/10 23/10 25/10 26/10 28/10 E 9/10 9/10 10/10 ALSIA 2402 13/ JO 30/10 1/11 5771 4/11 p 16/10 16/10 17/10 BEN AVON 2412 20/10 6/11 8/11 9/71
      619 words
    • 474 37 II o BSA° TRANSPORTATION M MYANMA wBBk FIVE STAR LINE (Myanmar National Line) Loading for Yangon (Rangoon) S'port P.Mf Pen PGd| HANDW.AT *35* In Pt PWYA VI24W In Pt 11/20 Up PAGAN VIKN ki Pt SM HPA-AN VIIIN 17/20 Sep NIGERIAN NATIONAL SHIPPING LINE WP NIGERIA EXPRESS SERVICE CPC RIVER
      474 words



  • Page 40 Advertisements
    • 2614 40 Conventional Semi-Container Full Container Liner Services Liner Services w Central Agents Booking Agents: General Agents: Booking Agents: Goon Goon $%i« Sin Bhd Cheng (Moo Shaping 50, i Bhd H. Global Putra Indonesia Maritime Ykk Fung Shipping Shim* Fmgkt Booking Gmtihip Agencies Costar Shipping Pte Ltd SJmmg Freight Booking Cartre 54a
      2,614 words
    • 255 40 r= SAHUOOU MOONESU (S] PTE LTD 15 McCALLUM STREET #03-01/02 NATWEST CENTRE Singapore OKM Tatac R*****0 T«k ******1-3 Fax: 22S 4*38, 227*136 FOR BOOKMOS CALL DMECT UNE TEL: *****41/*****43 SM/JAK SERVICE VESSEL VOY SIN OAK ELBE STAR 901 18/09 (FRI) 20/09 (SUN) PELOPOR 1046 19/09 (SAT) 23/09 (WED) MAJESTY 906
      255 words

  • Page 41 Advertisements
    • 684 41 /jg FAMOUS CONTAINER LINES —10 ANSON RD. #15-21 INTERNATIONAL PLAZA, S'PORE 0207 HOT LINE: *****33 (24 LINES) UMASSOL/PIREAUS 20/9 ROTTERDAM 20/9 HAIFA/ASHDOO/ALEXANDRIA 20/9 HAMBURG/BREMEN 20/9 MARSEILLE/FRANCE 20/9 FELIXSTOWE/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 NEW YORK/EC 20/9 FREMANTLE/ADELAIDE 21/9 VANCOUVER 20/9 BRISBANE
      684 words
    • 746 41 G29 RICHFIELD MARINE AGENCIES (S) PTE LTD rJRI TEL: *****33 (12 Lines) |=l FAX: *****15/*****03 TELEX: R8 ***** RISHIP (3 Lines) KJti ETHIOPIAN SHIPPING LINES (National Lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL VESSEL IvOY ETA LOAOING FOR STORE ANONE T ?(WB IS/10 OARESSALAAM MOMBASA DJIBOUTI ASSAB MASSAWA ABBAY WONZ
      746 words
    • 491 41 JAKARTA BANGKOK m »0t MM* IT I |WMB [W IMOW ■WWW, 1 BEMM mm MS 19/09 22/09 VMA BHUM 22W Thu h PI Tw 22/09 WAMA BHOO 15* ?3/09 X/ 09 )AWI BHUM «2W fri U/09 Mi 21/09 2</09 29/09 NAHTA BHUM 107N Sat 19/09 fM 23/09 NAMA BWOO IMS
      491 words
    • 319 41 IKER-UflE VSL VOY SMOAPOfIE MADRAS MNQATOWE kssu mm nm 9R ran jm ihvoi 2* 2S/01 1142/10 nta speed irm 70-21/09 27»/» os-oc/io T«« ST* MM 24-2S/01 IMI/ll *7-00/1* IW» BUDS 22* 20-21/01 04-01/10 121 VI* VSL VOY SMGAPORE/CALCUTTA/SMQAPOnE KSSU VOT SM CAI SB) nsa mo isccm 20-20/01 2741/11 v-m/ii EMU
      319 words

  • Page 42 Advertisements
    • 1577 42 GROUPAGE I -1\ JPENANG: (04) *****6 SIBU: (084) *****9 KUCHING: (082) *****3 P.KELANG: (03) *****77 JAKARTA: (21) *****32 SURABAYA: (31) *****0 I HKG/TWN/BKK I GOTH/U.K/MED PORTS PEN PKL SIN PEN PK SIN 20/9 21/9 22/9 Hong Kong Ldn/Fli/Rdm/Ant 18/9 19/9 20/9 23/9 24/9 25/9 Hong Kong G'burg/C'hagen/Sholm/Oslo 22/9 23/9 24/9
      1,577 words
    • 25 42 BBULK SERVICE TO CONSTANTZA, ROMANIAN PORTS, RED SEA/MED PORTS A VESSEL ETA SPORE 25-30 SEPT FOR ENQUIRY AND BOOKINGS TEL: *****33 (ROSALIND) *****08 (CAPT LOH)
      25 words
    • 313 42 BLUE STAR LINE SINGAPORE TO AND FROM NEW ZEALAND AND PACIFIC ISLANDS SIN ML LYT SIN N1 STAR 0528 18/9 30/9 2/10 18/10 PREMIER 20S 2/10 14/10 16/10 1/U MU.BERA 29S 15/10 27/10 29/10 15/11 FULLY CONTAINERISED SAILINGS DISCHARGING AT AUCKLAND, LYTTELTON, ACCEPTING FCL LCL FOR NEW PLYMOUTH. NAPIER. WELLINGTON.
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    • 1164 42 THONG SOON UNES PTE. LTD. 77 ROBINSON ROAD #15-00, #16-00 SW BUILDING SINGAPORE 0106 TEL: *****88 FAX NO: *****11, *****22 TLX: RS ***** CARRIER, RS ***** JENHOL CABLE: TOSOCO I I MNtAiMtft MWlflgft I SINGAPORE TO SARAWAK SINGAPORE TO WEST MALAYSIA ttSSEL Not Ispoie Ikst vessel Ivor I spore Ip.kelang""
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  • Page 44 Advertisements
    • 136 44 UP. LIVING IT -,:c EACH WEEKEND, put up your executive feet, and let us shuffle through your imagination. We usually tread lightly, but even when we don't, you'll 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
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  • Page 45 Advertisements
    • 22 45 N#T SURE WHERE T® PUT YSUR MiINEY? Get the answer in Persona) Investment &C Finance. Every Saturday in Business Times. Business Times
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  • Page 45 Miscellaneous
    • 435 45 """"TiPEnNDWEATHE^^ TODAY'S TIDES (height in metres) HOW 0000 0100 0200 0300 0400 0500 0600 0700 0100 ****************************************1900 ***************0 JR 2.1 lb 15 2.4 2.1 15 10 08 0 7 08 12 1.7 24 2.8 29 27 22 16 1 1 0 7 05 05 0 7 1.1 PP 2.1 IS
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  • Page 46 Advertisements
    • 600 46 1 W&k LIAN HUAT SHIPPING CO (PTE) LTD. I 10 Anson Road, #14-19/21 International Plaza, Singapore 0207. Tel: *****11 (16 lines) Fsx: *****94 Tlx: RS ***** AB LENHUAT Daily receiving cargo at Pasir Panjang Terminal PT4 Tel: *****97 FULLY CONTAINERISED AND CONVENTIONAL SERVICE TO MYANMAR (YANGON) VESSEL ETA ETD DESTINATION
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    • 517 46 i. cosco UKC CONVENTIONAL SERVICE VESSEL PKL PNG P.O. LOADING FOR: A VESSEL 28/09 Rotterdam/Antwerp CMNA CONVENTIONAL SERVICE VESSEL PKL PNG P.O. LOADING FOR: TRANS ASEAN 15/09 20/09 Huaogpu/Guangzhou COSCO FULL CONTAINER SERVICES tFCL/FCU EXPORT TO: CHINA/BANGKOK/HONGKONG EUROPE/CONTINENTAL WEST MEDITERRANEAN AUSTRALIA US WEST COAST PERSIAN OULF/KARACHI Please retor above mentioned
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    • 438 46 i LCL I I Consolidation I MADRAS j4ML BOMBAY ucoioMßo KARACHI CHITTAGONG CBRSCf 1 n Tc/.' 227~4788, <T~ ■W T"™ rui Fax: *****83/ SKH DISTRIPARK PTE LTD I 77 Robinson Rood #16-02 SIA Building, Singapore 0106 Singapore Tel: *****79 Fax: *****62 Tlx: RS 2O7O6SKHNVO Johore Baru Tel: 07-*****8 Fax: 07-*****2
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  • Page 47 Advertisements
    • 1118 47 A HYUNDAI I MERCHANT MARINE CO. LTD. WESTBOUND TO EUROPE VESSELS m+ PKE SW RTM AWT* LEH* HAM M£| FCL H. FRONTED 301W 25/09 25/09 27/09 16/10 16/10 17/10 17/10 17/10 20/10 SI MARINER 301W 09/10 09/10 11/10 30/10 30/10 31/10 31/10 31/10 03/11 SI FREEDOM 301W 23/10 23/10 25/10
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    • 445 47 STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS INBOUND VESSELS VtSSU NT ff PI lie II cosmic usui u a» a» caunoa Tumi n pt M/i COSMC TUMI 21 21/1 ii mi ns i 2t/f KMU 2 22/* 24/1 NAM OCIAI 121 27/1 UK >■ IOU 21 21/1 COSMC
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    • 955 47 our usa SERVICE CALLS lIMMB im fm |iMk> M I** 5 uu |OM |m |BAL ICM/ IMM |m |5c SINGAPORE DIRECT EVERY him a/» KUBHttHßtmnr iim nam n/u i«/u u/u n/n u/u u/u u/u 575 JuenMBSnAV A am mm •»> a/M misatb m» »it» m/imi/h u/i« n/u n/M o/N n/u
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    • 126 47 »BINTANG MAS SHIPPIN6 PTE. LTD. 39 NEI ROAD SINGAPORE 0208 TEL: *****88 TLX: R*****5 SIMMER FAX: *****64 ACCEPTS PORTS OF CARGO STORE DESTMTXMS BMTANG SERIA VI9E I*l9 Sep 20-21 Sep Bntiiu. Mbi. KBcW MERCURY PEARI VIS 21-22 Sep 23-24 Sep Muva. l*uan BMTANG BELAIT V2IE 24-25 Sep 26-27 Sep SntiAi.
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  • Page 48 Advertisements
    • 99 48 Every Saturday in Business Times Immr It could be a controversial deal between two stock J market stars, a thought-provoking report by Xj( university researchers on the latest trans-European FOCUS zooms in on the news and issues of the day and looks at them in more depth and breadth. FOCUS
      99 words
    • 79 48 I Every Saturday in Business Times ifpM "EVERETT ORIENT LINE" JAPAM/IAY OrUNOAL/JAPAN ÜBVICI J J NOTICE OF CHANGE OF AGENCY Ptease be informed that with eflect Iran MS "Sfoapiaeverett* J Vayl2E ETA/ EID Port Kefcmg 30 Sep/1 Oct 92. our Agent at Port Kelang will be changed to: PESAKA JARDINE
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