The Business Times, 30 September 1992

Total Pages: 50
1 50 The Business Times
  • 17 1 Business Times MITA (P) 35/12/91 Wednesday, September 30, 1992 THE BUSINESS PAPER EOR S-E ASIA 75 s
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  • NEWS SUMMARY
    • 73 1 JAKARTA The Indonesian armed forces has decided to nominate President Suharto as its sole candidate for the next presidency in March, military chief Gen Try Sutrisno said yesterday. That means Mr Suharto is virtually assured of reelection for a sixth five-year term as he
      73 words
    • 63 1 TOKYO A Tokyo court yesterday fined leading politician Shin Kanemaru 200,000 yen (552,660) for receiving illegal donations worth 2,500 times as much, even as a Japanese citizens group filed an accusation with the Tokyo District Court against him and some 60 unnamed members of the
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    • 17 1 A GOVERNMENT survey aims to find out how well off Singaporeans have become Page
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    • 26 1 EAST Asian countries, which have benefited from Japanese investments and technology, can now aid Japan's economic expansion, says Finance Minister Richard Hu Page 2
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    • 21 1 LUM CHANG Holdings reported that full-year net earnings rose 6 per cent to $3.64 million Page 3
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    • 32 1 THE impact of the rapid appreciation of the yen on Malaysia's external debt situation should not be a cause for concern, Finance Minister Anwar Ibrahim said Page 8
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    • 26 1 INDIA'S plan to lure foreign investment by allowing multinationals to take a majority stake in their local subsidiaries is yielding results Page 9
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    • 26 1 THE head of South Africa's Islamic Chamber of Commerce talks about the tough old days for Indian businessmen there Page H
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    • 30 1 MALAYSIAN authorities plan to take action against Singa-pore-listed Sembawang Maritime Ltd for deploying tugboats to tow the Nagasaki Spirit out of Malaysian waters. Shipping Times Page I
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  • MARKET SUMMARY
    • 44 1 WALL STREET stocks headed lower early yesterday in a technical downturn. The Dow Jones average of 30 industrials was off 12.17 points in the first half hour but the loss had shrunk to 3.79 points at 3,272.47 after one hour of trading.
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    • 43 1 LONDON share prices were around session lows at midday yesterday as expectations of further interest rate cuts continued to fade and as broker downgrades remained at the fore. At 1100 GMT, the FTSE 100 index was down 28.4 points at 2,531.6.
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    • 35 1 PROPERTY company Hong Fok Corporation has returned to the black, posting interim net earnings of $39.22 million, in contrast to the $15 million net loss it chalked up a year earlier Page
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    • 37 1 THE much talked about flotation of the Shangri-La group's operations in Hongkong and China could take place within a year. Meanwhile, the group has secured land to build more hotels in China Page 4
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    • 32 1 A QUARTER of America's banks may have to raise money or seek a buyer by January because of stringent new banking restrictions designed to avoid failures Page 7
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    • Article, Illustration
      30 1 Tuesday Change BT-MGA 656.48 +2.08 Kuala Lumpur ....605.93 -4-72 Tokyo 17,748.09 -224.52 Hongkong... 5 581.92 -15 28 Sydney ch*Ll Monday Change New York 3,276.26 +25.94 London 2,560.02 -41.0
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    • 23 1 Exchange rates i jcc SS 1.5955 ,(X) Yen SS 1.3329 SS 0.6372 Money market rates Overnight 13/4% unch 3-month 1 5/8 *1/8
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    • 35 1 London GoW AM fix USS347.70 -US$1.30 Rubber S'pore Oct.... 144.00*/kg +1.00 M'sia Oct 219.50*/kg unch KL Tin Turnover 43tonnes unch Spot MS15.87/kg -0.08 Crude palm oil Turnover 719 lots +270 Oct MS873 /tonne -3
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  • 507 1  -  From Lee Han Shih in BEIJING CHINA needs a steady flow of international investments and should not rely entirely on overseas Chinese investors, Singapore Senior Minister Lee Kuan Yew said yesterday. But this required a number of changes, in particular depending less on
    507 words
  • 584 1  -  MNCs urged to list on SES New stock index futures for Simex > 4* a Ui irinocCAC 1 1 By Amy Balan SINGAPORE Finance Minister Richard Hu, in Tokyo to woo Japanese institutions, has announced fresh initiatives to expand Singapore's role
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  • 536 1  -  Bia power failure in West Malaysia as well Or ■d«nnmil» By Lilian Ang SINGAPORE A fire at the Senoko power station yesterday morning wiped out about one-third of Singapore's total electricity supply and halted operations at some factories, hotels and
    536 words
  • 37 1 Is Singapore's law against insider trading a legal drift net which trawls for innocents? Koh Beng Seng, deputy MD of the Monetary Authority of Singapore, gives his answer. See Pg 14
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  • 413 1  -  By Yang Razali Kassim SINGAPORE Economic pragmatism will dictatc the relationship between the next generation of Malaysian and Singaporean leaders, says Ms Rafidah Aziz, Malaysia's Minister for International Trade and Industry. Future leaders would not have the shared past of their predecessors and
    413 words
  • Page 1 Advertisements
    • 172 1 rjr WATCHES OF SWITZERLAND AT.- JpGgF £r L 'i&3> #01-16Seotts Mflk W* A T jfff Shopping Centre \*BI Tel: 73" 3"08 i M #02-06 VI isma Atria Tel: "i" 7 820-» -,-.V >255 #01-32/33 Forum The Shopping Mall s Tel: 734 0928 f Aircraft Schedule 29 KLSE 21 TV tod»
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    • 30 1 Black Tuesday for factories and offices, Pg 2 Hock Lock Siew: There's more to MPHB than a gaming licence, Pg 3 The Bottom Line: Contract manufacturing doesn't pay, Back Page
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    • 106 1 S J, W*i/ri*aL WATCHES OF SWITZERLAND AT »01 16 Scorn shopping Centre I #02-06 Vbnu Alria Tel: 737 8204 Focum JRA The Shopping Mail fourn® Tel: 734 092® China firms pick S'pore as regional base: Back Page SES to lower listing requirements for MNCs, Pg 2 E Asia can help
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    • 6 1 Interview with Rafldah Aziz, Pg 2
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  • PAGE 2 NEWS
    • 400 2  -  By Sylvia Wong SINGAPORE People taking part in the government's latest Household Expenditure Survey will be asked whether they own golf and country club memberships, stocks and shares and commercial and industrial property. They will also be asked whether they have crcdit cards
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    • 168 2 Bernama KUALA LUMPUR The Supreme Court here will decide as soon as possible an appeal by Bank Bumiputra Malaysia Bhd (BBMB) against a judgment ordering it to pay M$ 18.77 million (Ssl 1.96 million) in damages to a company. Lord President Abdul Hamid
      Bernama  -  168 words
    • 461 2 Interview with Rafidah Aziz Minister urges S'pore, KL and Jakarta firms to form ventures SINGAPORE Malaysia has called for three-way joint ventures involving Malaysian, Singaporean and Indonesian companies to invest in the Growth Triangle and make inroads into third countries such as Vietnam or
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    • 574 2 The fire at Senoko power station By BT Reporters SINGAPORE Factories across the island were badly hit by yesterday's fire at Senoko power station, with many even having to close operations for the day. While offices in the business district of Shenton Way were also
      By BT Reporters  -  574 words
    • 383 2 Investment seminar in Tokyo SINGAPORE The fast expanding economies of East Asia, which have benefited enormously from Japanese investments and technology in the past, can now in turn aid Japan's continued economic expansion, said Finance Minister Richard Hu in Tokyo yesterday. Addressing
      383 words
    • 146 2 SINGAPORE A plan to draw multinational corporations to the local exchange is the latest in a series of measures taken by the Stock Exchange of Singapore (SES) to enlarge and broaden its base. According to the plan, announced by Finance Minister Richard Hu
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  • Page 2 Advertisements
    • 500 2 I Oversea-Chinese Banking Corporation Limited I (Incorporated in the Republic of Singapore) H ANNOUNCEMENT I RIGHTS ISSUE OF UP TO 131,520,264 ORDINARY SHARES OF $1.00 EACH I ("RIGHTS SHARES") AT THE PRICE OF $4.19 FOR EACH RIGHTS SHARE FOR STOCKHOLDERS REGISTERED AS THE HOLDERS OF STOCK UNITS WHICH ARE "FOREIGN
      500 words
    • 331 2 SECURITY EDUCATION BETTER SAFE THAN SORRY SECURITY MANAGE- SECURITY MANAGER MENT AND CONTROL CHIEF SECURITY 29th October OFFICER TRAINING The APRO School of 7 9 19th to 22nd October Security Education will he b——,T JL This course is for Chief conducting an additional jjknf Security Officers and Security Security Management
      331 words

  • COMPANY NEWS 1
    • 280 3  -  Company pulls off stunning turnaround from last year By Quak Hiang Whai SINGAPORE Property company Hong Fok Corporation returned to the black, posting interim net earnings of $39.22 million yesterday a stunning contrast to the $15 million net loss it posted
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    • 315 3  -  By Sylvia Wong SINGAPORE Lum Chang Holdings Ltd reported that full-year net earnings rose 6 per cent to $3.64 million. The group, which has interests in hotel and resorts development and in the pharmaceutical business, said most divisions had performed
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    • 284 3 New Johor factories to start operation next year SINGAPORE Precision engineering group Amtek has posted a 19.5 per cent rise in net earnings for the year to June, as analysts had predicted. The group achieved net earnings of $9.2 million on
      284 words
    • 191 3 SINGAPORE Eltech Electronics yesterday unveiled a poor set of results for the six months to June 30, with net earnings falling 36 per cent to $2 million. When listed on Sesdaq in July, the company made no specific forecasts for 1992, although
      191 words
    • 198 3 SINGAPORE Confectionery group Sunshine Allied Investments said first-half net earnings rose 3.4 per cent from a year earlier to $1.1 million despite a 13 per cent increase in interim turnover to $24.4 million. In a statement yesterday, it said earnings per share grew to 7.1
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    • 629 3  -  THE HOCK LOCK SIEW COLUMN By William Chia SINGAPORE That investors are excited about Malaysian conglomerate Multi-Purpose Holdings Bhd is understandable. Two listed companies in its stable, Dunlop Estates and Magnum Corp, have applied for a licence to launch four-digit lottery operations
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    • 394 3  -  By Dexter Lee SINGAPORE Tibs Holdings Ltd. formerly Trans-Is-land Bus Services Ltd, has posted a near-30 per cent rise in interim earnings to $6.08 million but warned that the second half may not be as good. For the year ended June 30,
      394 words
    • COMPANY BRIEFS
      • 57 3 SINGAPORE Singapore Aerospace Ltd has pumped another 524 million into its aircraft maintenance subsidiary, Singapore Aviation Services Co (Sasco), to help financc new hangars. Sasco's minority shareholders, Singapore Airlines and Japan Airlines, have each invested another S3 million to maintain their 10 per cent stakes.
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      • 62 3 SINGAPORE The Stock Exchange of Singapore has given RMCA Reinsurance Ltd until Oct 30 to bring out its results for the year to June 30. RMCA had sought the extension to enable it to incorporate actuarial estimates of outstanding claims. The financially troubled reinsurer said the
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      • 32 3 SINGAPORE The Stock Exchange of Singapore has granted in-principlc approval to The Hour Glass Ltd to be upgraded from Scsdaq to the main board from Oct 7.
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      • 41 3 SINGAPORE Directors of CMB Packaging Singapore Ltd arc seeking shareholders' approval to turn the firm into an investment holding company and changc its name to CarnaudMetalbox Asia Ltd. Shareholders will vote at an extraordinary meeting on Oct 21.
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    • 224 3 SINGAPORE United Engineers Ltd has reported flat earnings for the half year to June 30, in spite of a big rise in turnover. The diversified group, which has interests in engineering, manufacturing, computers, health care and property development, posted net earnings of $467,000
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    • 430 4  -  From Lee Han Shih in BEIJING THE much talked about flotation of the Shangri-La group's operations in Hongkong and China could take place within a year. Meanwhile, the group has just secured land to build more hotels in China. This was disclosed by
      430 words
    • 429 4 Reuter BEIJING Chinese Premier Li Peng, concerned about social unrest in the event of a stock market crash, has ordered a "cool-ing-ofT" period that will severely curb new issues, industry sources said. Mr Li wants to prevent companies outside Shenzhen
      Reuter  -  429 words
    • 259 4 Reuter SEOUL South Korea's leading computer chip makers traded insults yesterday over who deserves the acclaim for developing a new semiconductor. Hyundai Electronics Industries Co Ltd and Samsung Electronics Co Ltd descended from the rarified heights of the computer laboratory to accuse
      Reuter  -  259 words
    • 348 4 JAKARTA The loss of public confidence in the Jakarta Stock Exchange (JSE), rather than Indonesia's monetary situation, is the cause of the persistent drop in share prices, says a report in Jakarta Post quoting financial analyst
      348 words
    • COMPANY BRIEFS
      • 102 4 HANOI Australia's Asia-Pacific Development (APD) group is negotiating a US$625 million (Ssl billion) joint venture to transform Danang into a major tourist centre, the Vietnam News Agency (VNA) said yesterday. APD would contribute 80 per cent of the capital, or US$5OO million, to
        102 words
      • 89 4 TAIPEI Taiwan's Finance Ministry has proposed emergency measures to support the slumping stock market after a string of huge payment defaults, a leading economic newspaper reported yesterday. Finance Minister Wang Chien-shien recommended to the Cabinet last Saturday that the government ask pension and trust
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      • 71 4 TOKYO Daihatsu Motor Co, a Japanese car maker, yesterday announced revised earnings estimates, saying it now expects a current loss of five billion yen (5566.7 million) in the half year to Sep 30. Current loss for the full year ending March 1993 would also be five
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      • 83 4 TAIPEI A Taiwanese company has unveiled what it calls the first mass-produced motorcycle powered by batteries. Enter City Bike Industrial Co spent II years and NTSIOO million (556.4 million) on developing the motorcycle, which ran on rechargeable batteries, general manager Edwin Wu said yesterday. Mr
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    • 205 4 Bernama KUALA LUMPUR Esso Malaysia Bhd has reported a lower after-tax profit of M 537.5 million (5523.9 million) for the first half of this year against a record profit of M 572.2 million in the previous corresponding period last year. After tax profit
      Bernama  -  205 words
    • 203 4 Reuter SYDNEY The decision by Peter Abeles to leave Australian transport group TNT after 25 years as managing director is a positive move, industry analysts said yesterday, but investors remained sceptical about the group's prospects. Initial reaction from analysts was that Sir Peter had
      Reuter  -  203 words
    • 414 5 Computer maker responding to moves by competitors Reuter SAN FRANCISCO Apple Computer Inc has reduced US prices on Macintosh personal computers and accessories by as much as 36 per cent in a bid to bolster its market position. Analysts say Apple is
      Reuter  -  414 words
    • 280 5 FT LONDON Glaxo, Europe's biggest drugs group, has received authorisation for Imigran, its new migraine treatment, to be used in France. The authorisation on Monday follows a series of tense negotiations between Glaxo and French ministries about the safety, effectiveness and cost of the
      FT  -  280 words
    • 405 5 AP ST LOUIS The fuss raised when Coca-Cola Co introduced its new formula a decade ago showed the American public just wasn't ready for a new cola taste. But now it seems the fickle public is changing its mind. Although Coca-Cola
      AP  -  405 words
    • 339 5 FT OSLO Freia Marabou, Scandinavia's leading chocolate, sugar confectionery and snacks group, yesterday accepted a US$l.5 billion (552.39 billion) takeover offer from Kraft General Foods International (KGF), part of the Philip Morris group of the US. The offer is believed to be one of
      FT  -  339 words
    • COMPANY BRIEFS
      • 70 5 MAYNARD, Massachusetts Digital Equipment Corp is planning a major restructuring as part of a move to cut production costs by US$ 1 billion (S$ 1.6 billion), the magazine PC Week reported on Monday. Citing company sources, PC Week said Robert Palmer, who officially takes charge of
        70 words
      • 70 5 NEW YORK R H Macy Co's sales and profits continued to haemorrhage in August, documents filed on Monday showed, as the weak economy and the company's strategy of curtailing profit-eroding promotions intensified the struggle to get out of bankruptcy. The troubled retailer reported a U5534.7 million (5555.5
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      • 51 5 NEW YORK The American arm of Olyropia York, the troubled Canadian real estate developer, intends to ask its creditors today for permission to withhold principal repayments on its American holdings for another five years and to continue paying interest only on those buildings that generate sufficient
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      • 78 5 LONDON Irish food group Goodman International signed a 400 million Irish pound, three-year agreement with 33 creditor banks, a company spokesman said. Goodman, headed by "Beef Baron" Larry Goodman, ran into trouble servicing its debt two years ago when trade sanctions against Iraq's invasion
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  • Page 3 Advertisements
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  • Page 4 Advertisements
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  • Page 5 Advertisements
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  • Page 6 Advertisements
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  • FINANCIAL NEWS
    • 510 7 Reuter WASHINGTON A quarter of America's 12,115 banks may have to raise money or seek a buyer by January because of stringent new banking restrictions designed to avoid failures, analysts say. "You will see a spurt of acquisitions," said
      Reuter  -  510 words
    • 385 7 Reuter NEW YORK New issuance of US debt and equity securities reached a record in the first nine months of 1992, surpassing the level achieved in all of 1991, according to preliminary data by Securities Data Co. Total domestic new issuance through
      Reuter  -  385 words
    • SMALL CHANGE
      • 72 7 LONDON HSBC Holdings pic has said it will make a charge of US$75 million (Ssl2o million) for the quarter ended September 1992 following a review of the asset portfolio of its subsidiary, Concord Leasing Inc. HSBC Holdings also said it had made a capital contribution of
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      • 70 7 STRASBOURG, France International money launderers are becoming increasingly sophisticated and if left unchecked they could eventually destroy the world's financial system, the director of International Financial Action Group said. The warning was pronounced at the start of the first international conference on money laundering by Thomas
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      • 88 7 NEW YORK Merrill Lynch, Goldman, Sachs Co and Shearson Lehman Brothers Inc are being sued for allegedly violating certain securities laws in connection with the sale of common stock in Marion Merrell Dow Inc. As reported in July, several class action lawsuits were filed against Marion
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      • 46 7 SINGAPORE POSBank said its interest rate on savings accounts will be reduced by a quarter percentage point from Oct 1. The bank will pay 2.5 per cent for balances up to $100,000 and 1.75 per cent for balances above $100,000.
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    • 286 7 Reuter HONGKONG Singapore will host a second meeting next month of an informal forum of financial officials from Japan, Australia, Hongkong and Singapore, Hongkong's Secretary for Monetary Affairs said yesterday. The first such meeting took place in Hongkong during the annual Asian
      Reuter  -  286 words
  • Page 7 Advertisements
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    • 160 7 C&C for Human Potential j THE COMPANY THAT HAS ALREADY MADE ITS MARK ESTABLISHES A HEW IMAGE FOR THE 21 ST CEHTURY We've changed our logo to fit your future Change has always been a strength and an integral part of NEC's philosophy. This vigorous change has developed through almost
      160 words

  • THE REGION
    • 418 8 MBT KUALA LUMPUR The impact of the rapid appreciation of the yen on Malaysia's external debt situation should not be a cause for concern. Finance Minister Anwar Ibrahim said. "The situation is temporary, and in terms of Malaysia's total commitments, the
      MBT  -  418 words
    • 401 8 Reuter JAKARTA Indonesian factory workers have launched a wave of strikes in protest against low pay and poor conditions, and a human rights activist warned yesterday that the situation could worsen. Over 6,000 workers at a South Korean joint venture shoe factory
      Reuter  -  401 words
    • 265 8 AFP SYDNEY Doctors across Australia went on strike yesterday in protest against government plans to reduce the number of general practitioners. The action, while short of a national stoppage, disrupted a number of major hospitals, with all but the most important surgery cancelled for
      AFP  -  265 words
    • 294 8 Reuter SYDNEY Australia's current account deficit shrunk in August, allaying fears that the country's economic strategy was being derailed by another import binge. Analysts said the government data released yesterday confirmed that the blow-out in imports in July, which shocked financial markets,
      Reuter  -  294 words
    • NOTE BOOK
      • 100 8 PHNOM PENH Inflation is out of control in Cambodia, rising 130 per cent in the first seven months of 1992, according to figures released yesterday by the UN peacekeeping authority. One of the main causes of inflation is the rapid printing of money by
        100 words
      • 53 8 JAKARTA The Jakarta regional Parliament on Monday elected Maj-Gen Suryadi Sudirja as the governor of the special territory of the Indonesian capital for the next five years. Maj-Gen Suryadi, assistant to the armed forces socio-political department and formerly a Jakarta military commander, had befcn the favourite
        53 words
      • 60 8 HONGKONG A British military exercise to counter an imaginary incursion by China into Hongkong will go ahead in spite of fears that it will further jeopardise tense SinoBritish relations. The commander of the British forces, Maj-Gen John Foley, said the exercise planned for November
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      • 59 8 BANGKOK The Internal Trade Department has proposed the creation of a regional commodities futures exchange in Thailand. Director-general Sompol Kiatphaibool said a law existed that could be easily modified to allow such an exchange to be set up. Farm products that could be traded on the exchange
        59 words
  • Page 8 Advertisements
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      112 words

  • THE WORLD
    • 377 9 AFP BOMBAY India's attempt to lure foreign investment by allowing multinationals to take a majority stake in their local subsidiaries has finally begun to yield results and bring in coveted dollars. A number of foreign giants have taken the bait New Delhi
      AFP  -  377 words
    • 270 9 Reuter TOKYO Japanese newspapers attacked public prosecutors in scathing editorials yesterday, accusing them of bowing to pressure and sparing the country's most powerful politician from public trial for a criminal offence. Senior prosecutors agreed on Monday to let Shin Kanemaru, chief of the
      Reuter  -  270 words
    • WORLD WATCH
      • 29 9 BONN Germany on Monday bowed to foreign and domestic pressure by cancelling this weekend's ceremony commemorating the first wartime launch of the V-2 ballistic missile.
        29 words
      • 63 9 TOKYO Japan and Russia jointly published a booklet yesterday containing documents on their territorial dispute which led President Boris Yeltsin to call off a trip to Tokyo this month. The papers, in both Russian and Japanese, include everything from a 1644 Japanese map of the disputed
        63 words
      • 68 9 SAINT LOUIS, Missouri The North American Free Trade Agreement (Nafta), creating a free trade zone embracing Canada, Mexico and the US, will be initialled in San Antonio, Texas, on Oct 7, it was officially announced on Monday. Canadian Prime Minister Brian Mulroney, US
        68 words
      • 88 9 BEIJING Health care, one of the pillars of Chinese socialism, looks set to fall to the government's reform policies with hospitals urged to practise private medicine, the Economic Daily said yesterday. The newspaper said the health ministry had issued a circular saying hospitals would
        88 words
    • 158 9 Reuter SEVILLE, Spain Close to a billion tourists could be thronging the world's hotels and airports by the year 2010, the World Tourism Organisation (WTO) said on Monday. Last year's 450 million tourists should have increased 50 per cent by the
      Reuter  -  158 words
  • Page 9 Advertisements
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  • 469 10 EDITORIAL SOUTH AFRICAN politicians have mastered the art of snatching defeat from the jaws of victory. The peace process had predictably got stalled when the African National Congress boycotted the talks 'on the Convention for a Democratic South 'Africa (Codesa) after the massacre of 42 people in Boipatong
    469 words
  • WHAT THE OTHERS SAY
    • 194 10 THE Central Depository System (CDP) has been operating since 1987 when the Stock Exchange of Singapore launched Sesdaq to list newer and smaller companies. There has been no report that the system suffered from fraud or manipulation so far. Thus allegations, at as important a place as
      194 words
    • 110 10 THE Malaysian authorities' decision not to renew entry permits for Singapore registered tour coaches and rental cars would affect tourist flow from both sides. It would also cause a lot of inconveniences to tourists. For joint tourism promotions to sell Malaysia and Singapore to be effective,
      110 words
    • 183 10 PRIME MINISTER Goh Chok Tong in addressing the problem of cost during his National Day Rally speech announced the government's intention to set up a cost review committee. The lineup of the committee members reflects the government's expectation of the body. In the committee, only
      183 words
  • REGIONAL VIEWPOINTS
    • 256 10 CHRIS PATTEN had a ready answer for British journalists who repeatedly asked him about the aspirations of the Hongkong people. He told them what the territory wanted most of all was more democracy and a smooth transition to Chinese rule in 1997. Few, if any, of
      256 words
    • 142 10 SOUTH KOREAN President Roh Tae Woo visits China on Sunday. The scene where the supreme leaders of both countries perform a handshake without having any bearing on North Korea may symbolise the dawn of a new era in Asia. Japan is poised to play a leading
      142 words
    • 117 10 THURSDAY'S conclusion of the joint annual meeting of the International Monetary Fund and the World Bank failed to give any signal to the world about the prospect of a global economic recovery. Such a lack of economic and monetary leadership from major powers has fuelled
      117 words
  • 921 10  -  As Helmut Kohl completes 10 years in power, new perils for Germany have revived old doubts about his abilities. Terence Petty reports Terence Petty AP ON Oct 1, 1982, a portly politician with a satisfied smile sat on the chancellor's bench in the German
    AP  -  921 words
  • Page 10 Advertisements
  • Page 10 Miscellaneous
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  • ANALYSIS
    • 1431 11  -  The head of South Africa's Islamic Chamber of Commerce tells Salil Tripathi about the tough old days for Indian businessmen there Salil Tripathi Abdul sattar Gani had always wanted to be an accountant. In any other society he would have sat for a competitive
      1,431 words
    • 578 11  -  Cynthia Johnson examines hi-tech firms' sharper focus on new products Cynthia Johnson Reuter SQUEEZED by intense competition, weak markets and pressures to curb costs, computer, electronics and other high-tech firms are giving their research and development efforts a more commercial edge. "Companies are
      Reuter  -  578 words
  • Page 11 Advertisements
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  • Page 12 Advertisements
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      305 words
  • Page 12 Miscellaneous
    • 664 12 TELEVISION AND RADIO Qwon ic pnnnoli 'rnmmm.i,: i kJV V Vll I*3 vllU U&ll w-r- 7## Frora the fotow- (M tagMMm(M). BBC, M.9 mill in VHF Band N O 7.25 PM Opening followed by ed by Whool of Fortnno 6.30 Wtth the Quran. 71Qam q 2 5am 1 30om 5.30pm,
      664 words

  • LIFESTYLE
    • 683 13  -  The Italian fashion industry is now a shadow of its former glittering self. Samantha Conti looks at why buyers are staying away from Milan, Italy's wealthiest city and its fashion capital Samantha Conti Reuter THE once-glitter-ing world of Italian high fashion is fast losing
      Reuter  -  683 words
    • 691 13  - Living dangerously on Korean roads It takes steely nerves to venture on to the car-choked roads of South Korea, says Andrew Steele Andrew Steele Reuter TIRED of life? Russian roulette too boring a hobby? Then try South Korea's roads for your next adrenalin fix. It takes steely nerves to venture
      Reuter  -  691 words
    • 426 13 CHATTERBOX THE FATHER of shipping heiress Athena Onassis is trying to gain control of her fortune, one member of a committee handling the child's billion-dollar.be-queathal said in Athens on Monday. Stelios Papadimitriou, speaking for three of five committee members at a news conference,
      426 words
  • Page 13 Advertisements
    • 185 13 AND ENTERTAIN SPICING IT UP! Wednesdays are a spicy issue with mouth-watering concoctions like Rendang, Curry Ayam and Sambal Ikan Bakar to tempt your appetite. At Cafe-in-the-Park Buffet Lunch from 12 pm Buffet Dinner from 6.30 pm At $19.50++ per person ANA HOTEL For reservations, please call SINGAPORE 732-1222 extension
      185 words
    • 70 13 FOR SALE BY PRIVATE TREATY PRIME ADELAIDE TERRACE OFFICE BUILDING PERTH, WESTERN AUSTRALIA One of the largest buildings available for sale on the eastern arm of Perth's Central Business District. Modern 8 level office building of approx. 8,056 square metres. 4,156 square metres of prime CBD land. Panoramic river views
      70 words
    • 222 13 In conjunct ton with our 3rd Anniversary Celebration. our Maple Leafs kitchen has a special great value set-menu for the diners. 1 Seafood Set Lunch \4 fIHI i n A variety of exquisite Cantonese/Sze-cfia]A| r W dishes guarantegd-tqtlclde your tastebflMg r€ S«-Chu*n Resfeurant 0 V Ar* 1 *01-***** GoktonLandmarli Shopping
      222 words

  • THE LAW PAGE
    • 779 14  -  In last week's Law Page, law lecturer Walter Woon described Singapore's law against insider trading as a legal drift net which criminalises behaviour no reasonable person would consider criminal. Koh Beng Seng, deputy managing director of the Monetary Authority of Singapore, has responded in a
      779 words
    • 610 14  -  ATTHE bar By Conrad Raj MORE and more these days, the prosecution has been asking the court to order costs to be paid by those found guilty of white collar crimes. The Commercial Affairs Department of the Ministry of Finance has been especially successful in
      610 words
  • Page 14 Advertisements
    • 182 14 Announcing k If you are a discerning businessman, you would only go into business Fully air-conditioned blocks, shady walkways and awnings Provide for ventures that promise success. And this is where we come into the picture. all-weather shopping Target number of 18,000 visitors a day 400 covered Clarke Quay, Singapore's
      182 words

  • Page 15 Advertisements
    • 384 15 Delivery of Penguin Success V' •.w :JL -'H- ',v> >.\; v'' by an expert builder and repairer of aluminium vessels 4* 7«5®?. \-'o. 'h i y« f|||| 1 Depth Moulded 2.75 metres Draft Above Keel 1.25 metres Blummium Craft (88) Pte ltd 250 oassenoers (ASinomarin. Company) Capacity .^passengers Hlumitlium Rhu
      384 words
    • 79 15 /y////yy///y////////////s/sssssssssssssssssssssssssssssssssssssssssssssssss, rm I A SOON LIAN HARDWARE (PTE) LTD j Supply of aluminium marine sheets sections 16 Lorong Ampas, G.S. Building Singapore 1232 Tel: *****33 (8 lines)/*****44 Fax: *****04 STONE MARINE aNGAPORE (PTE) LTD 128 HWvtow Avenue Singapore 2366 Tel *****88 Fax: *****89 Tlx: RS ***** SM SING I SIN
      79 words

  • SPORTS 1
    • 500 16 Pakistani will be remembered as an outstanding all-rounder Reuter LONDON It could only happen to Imran Khan a girl arriving at net practice to give the Pakistan captain a bouquet of flowers. The spontaneous gesture, during the showpiece World Cup in Australia
      Reuter  -  500 words
    • 317 16 AP NEW YORK It wasn't Lord's with its magnificent pavilion. It wasn't Queen's Oval. And it certainly wasn't the Melbourne Cricket Ground. For cricket lovers in New York though, Downing Stadium had to do. And considering the light, steady rain, love of the
      AP  -  317 words
    • 711 17 Argentinian star helps Sevilla to victory over Bayern Munich AFP SEVILLE Diego Maradona made a crashing impact on his opponent's crossbar but not the attendance as he made his return from 17 months in the football wilderness for Sevilla on Monday. The Spanish club beat Bayern
      AFP  -  711 words
    • 296 17 AP SAN DIEGO The St Petersburg Yacht Club in Russia has submitted the fifth foreign challenge for the 1995 America's Cup. Commodore Vladimir Koulbida, who led an unsuccessful renegade challenge for the 1992 regatta, filed the Holy Russia challenge last week and posted
      AP  -  296 words
    • 559 17 AP ENDICOTT, New York Don't look for Long John Daly to change his name, or his style, just because of a newly discovered short game that brought him his longawaited second PGA Tour victory. "To me this proved a point, that I don't
      AP  -  559 words
    • SIDE LINES
      • 65 17 LONDON The US means business in its bid to regain the Alfred Dunhill Cup at St Andrews in Scotland next month. The Americans are fielding one of their strongest teams ever in the seven-year-old tournament, with US Masters champion Fred Couples and US
        65 words
      • 104 17 LONDON Spaniard Jose Maria Olazabal, who was not invited to play in the World Matchplay Championship last year, may well be one of the seeds in the £550,000 (SS 1.53 million) tournament at Wentworth next week. Only three of the four seeds in the 12-strong field have
        104 words
      • 48 17 JOHANNESBURG South Africa's rugby team left here on Monday for its historic tour of France and England. The 13 matches, which start against a French regional selection on Saturday, will be its first abroad since the ending of international sporting sanctions against South Africa.
        48 words
      • 46 17 SYDNEY Rugby league half back Ricky Stuart being measured for his Australian team jacket yesterday. The Australian rugby league squad, the Kangaroos, will tour Great Britain where it will defend the World Cup of rugby league at Wembley Stadium on Oct 24.
        46 words
      • 63 17 KATHMANDU A Japanese expedition has conquered the 6,981 m Mount Kangaru without using oxygen, the Tourism Ministry said on Monday, while announcing other successful climbs by Spanish and South Korean teams. The five Japanese climbers included expedition leader Takashi Arai, 42, of Asahi Kawa, Hokkaido. They
        63 words
  • Page 16 Advertisements
    • 433 16 NORTH QUEENSLAND AUSTRALIA CURRENT INCOME UNTAPPED POTENTIAL The Arcadia Hotel and Resort on The complex comprises: Magnetic Island is a modern hotel, An hotel with spacious open bars, motel and retail complex spanning disco night club, restaurant and food two blue water bays just Bkms oft outlets. shore from Townsville.
      433 words

  • Page 17 Advertisements
    • 41 17 Mr-SMWlngWlvyv Chief Engineer f f FOR RELIABLE SERVICE, PRODUCT AND SYSTEM, YOU CAN DEPEND ON TEAM TRANE. w Mr. MAIM* Low f Equipment Systems Engineer Hp wE A# THE BEST V\U E. /T CALL: 468 8622 FOR ENQUIRIES. FAX 468 1828
      41 words
    • 178 17 jfrjrCi > ffflßy jLJAK*I ~A MiV<ijj{MMMßMr IIWT T ;rr fas t g|*|| HKH MSH sag gBF* jgg jjj: ssbss SBBS -SBBt JBEC it i -SSSSS" 3BBK, SSSStB I jS2SS* ■hw uM E 8 HB^B9HH llilS M •#tt i»g^tafe^ia»siMAt£3l^B^^^B[ HH K r rr ■K&,.. v <- 4 character isn't built overnight,
      178 words

  • STOCK EXCHANGE OF SINGAPORE 1
    • 3462 18  -  By William Chia POWER failures in parts of Singapore and all of peninsular Malaysia slowed trading in Singapore and Malaysia. The outage in Singapore, which was caused by a fire at the Senoko power station, affected a number of brokers. In Malaysia, the interruption
      3,462 words
    • Article, Illustration
      81 18  -  By Quak Hiang Whai ON the weekly and monthly charts, the stock is trading with higher and higher bottoms, a good signal for a bullish trend. The support at the $4.50-60 level also appears sustainable. With the weekly RSI and stochastics moving closer towards zero, however, the stock
      SOURCE: BRIDGE INFO  -  81 words
  • Page 18 Advertisements
    • 50 18 Mondial Raffles $1000Wfondrous Wfeek Last day today! $1000. For any item at Mondial Raffles this week. But better be quick: this simply incredible promotion ends 30th September. Mondial at Raffles 328 North Bridge Road, fOl-21, Raffles Hotel Shopping Arcade, Singapore 0718. Tel: 334 0351 Fax: 334 0352. Open 10am Bpm
      50 words

  • 3030 19 FAN 970 +25 +2.6% r- Jurong Ship 50* 685 +20 3.0% SPH Foreign 1240 20 +16% Amcol 25* 177 +17 10 6% r C&C 600 +15 +2.6% Inchcape 565 +15 +2.7% Singmarine 50* 320 +12 3.9% C4CWI 279 +11 +4.1% BAT 21* 580 +10 +1.8%
    3,030 words
  • Page 19 Advertisements
    • 139 19 YOUR KEY TO BETTER BUS! NESS DECISIONS! Shine is Singapore Press Holdings' inforich database financial statements highlights, graphs, latest results team: T. S. Liu on 740 1035, Hazd Ong on 740 1771 on Teleview, which incidentally is the most advanced and company news. ony Chia jl videotext system in the
      139 words

  • 3439 20 Malayawata 235 +26 +12.4* GIL US$0.10 114 +12 +11.8% Oriental Hides 580 +15 +2.7% Anul Seed 50* 177 +5 +2.9% Samanda HMgs 170 +5 +3.0% Bolton 126 +4 +3.3% Land ft General 149 +4 +2.8% SPK-Sentosa 90 +3 +3.4% H Leon« Credit 268 2 +0.8%
    3,439 words
  • Page 20 Advertisements
    • 1165 20 BUSINESS TIMES Toll free Tel No: 737 0043 Fax No: 734 3698 In the matter of THE COMPANIES ACT, CAP. 90 aad la the natter of GENTONG TRADING PTE LTD (MEMBERS' VOLUNTARY WINDING UP) At >o Extraordinary General Meeting of the Muabert of the abovenamed Company duly convened tad held
      1,165 words
    • 85 20 CONSOLIDATED LUMBER (PTE) LTD (Members' Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to section 308 (1) (2) of the Companies Act.. Cap.so that a Final Meeting of Members of the abovenamed company will be held at 3 Second Chin Bee Road lurong Town. Singapore 2261 on
      85 words

  • KUALA LUMPUR STOCK EXCHANGE
    • 5343 21 Bernama A TECHNICAL correction led shares to end lower yesterday but a power blackout in the last hour came as a blessing in disguise as it stifled trading activity which prevented prices from falling further. In moderate trading, the K.LSE Composite Index edged down
      Bernama  -  5,343 words

  • BT SHARE INFORMATION SERVICE
    • 236 22 Ciwpmy Date Year Creep Nat Nat earaiags Grass aaa to preftt/lass (L) par share dhridead C000) (ceats) Pegi Msia Sep 10 Mar 92 M$188($2,341L) Rashid Hussain Sep 24 May 92 M$41.098($42,037) 24.4(33) 5(5) Pan Pacific Sep 11 Mar 92 $412(1795) 1.3(2.5) 4(4) GPB Sep 7 Mar 92 $13,952(112,546)
      236 words
    • 1023 22 Cwrwt Ex Books tote Total tor Total far paymnt date dooo payaWo tko yoor last yoor Acma 5% (I) Sep 18 Sep 30 Oct 15 5% 12 2% MOB 50c 35Kb) Sep 10 Sep 24 Oct 23 3 5% 35% BMT $10 100% Nov 12 Nov 24 Nov
      1,023 words
    • 136 22 MM last Fri Tear Fwccast M, M MPni EPS ■ri hv EPS Grw pnl lap h* Cm** PwM Mjr «*g (ets) (TIM) (SSa) im Qmt F Sep 24 Jun 92 2 0 2.0 3.430 10-41 18—36 Ml I Sep 25 Dec 92 115 5 OTt 53.742 142-195 30-37
      136 words
    • 368 22 Company Date Yaar 6ra«» pra-tax Nat Mutaf* Craw aaa to praftt/to« (L) par than tivMaad (•000) (caats) Material H Sep 25 Jun 92 $492t($l,427) -(5) 5(7) Boustead Sep 24 Jun 92 M$50,051(535.810) 13.4(104) 17.5(15) Choc Products Sep 24 Jun 92 M$5,332($5,09l) 5(4.9) 10(-) HumeM Sep 22 Jun 92
      368 words
    • 467 22 Mm ltd Last M T«v Urnm, PvM fate Twr EPS Cna IM mm4 «*C (eh) pn* mp (sn*) OB Final No* 6 Jul 91 3.0TE 17,878. MS LM Intern Aug 23 Dec 92 7.9 5.0 50.908 IMi Intern Sep 10 Dec 92 5.3 5 0 4.436 IBS
      467 words
    • 331 22 Conversion Special Trdg Scripfesa Coo version deadline Period Tradtaf Company starts (IDP) (ST) starts Alex Htdgs Sep 28 Oct 22 Oct 12 Oct 22 Oct 23 ApoUo Sep 14 Oct 8 Sep 28 Oct 8 Oct 9 BAT Sep 14 Oct 8 Sep 28 Oct 8 Oct 9
      331 words
    • 536 22 impiij Date HaH-yaar Groap pre-tax Mata aaa to praMt/loas (L) divMaad code) S Aerospace Sep 26 Jun 92 $16,536(113.901) Botton Sep 25 Jun 92 MSI 1.622(S10.944) CM8 Packaging Sep 25 Jun 92 521.488(516,830) 5(5)N GoWtron Sep 25 Jun 92 MS13.291 ($11,937) Straits Trading Sep 25 Jun 92 522,576(524,158)
      536 words
    • 133 22 RECORD HIGHS LOWS BT Composite Index ST Industrials Index 1992 h«h: *****8 (21/2/92) |*2 J* j** 92 1992 tow: 1122.50 (18/8/92) 1*92 J3JJ.95 1991 l*t 1333.08 (3/6/91) |»J J* f 1991 tow: *****2 (16/1/91) »J J* "J?°5 55/3/90 1990 high: 1435.43 (16/7/90) J* h* 607 12 27/3/90 1990 tow: 981.07
      133 words
    • 196 22 Sep 27 OYL Industries has proposed to buy the remaining 49 per cent stake in Razatec, comprising 735,000 shares of M$1 each for M$6.86 million. Sep 25 Resources Development Corporation has announced that companies associated with Temasek Holdings have sold 117,000 shares for $268,964, leaving Temasek with a
      196 words
    • 276 22 I Company Right* Issue Gotten Hop* One-torsix MSI SO per share Ex-date Aug 27 Boots dose Sep 10 Acceptance t Payment: Oct 22 MAS One-tor-one (g, U$5 00 per share Ei-date Sep 7 Books dose: Sep 21 Acceptance Payment Ho* 2 OUT One-tor two $1 SO per share
      276 words
    • 869 22 Tram lUgHtartd Substantial Bay/ No. at Amoant Shareholding Stack Data HaMar SharabaMar/Mractar Sad shares Before S After II Securities 24/09/92 UOB Group B 45.000 32.625 42.409.200 42 80 42.454.200 42 90 Ui Securities 24/09/92 Chur* Khaw 8a* B 45.000 32.625 11.442.000 0 00 11.487.000 0 00 UOB
      869 words
    • 76 22 VJfing Ta HoMnp Ltd; EGM at the Summit Room (Valley Wing, lobby level), Shangri-La Hotel, Orange Grove Road, Singapore 1025, on Wednesday, Oct 7, at 9.30am Orchard Parade HUgs Ltd: EGM at the Golden Shower Room R, Orchard Parade Hotel, 1 Tanglin Road, Singapore 1024 on Tuesday, October
      76 words
    • 363 22 In local curr In S$ In US$ S dy yr dy yr dy yr Sep 28 Index chge cfagc chge chge chge chge World 379.7 -0.9 -7.0 -0.4 -7.5 -0.4 -6.5 1EAFE 445.4 -1.8 -11.3 -0.7-10.8 -0.7 9.8 Europe 397.4 -1.9 -3.4 -0.3 -5.2 -0.3
      363 words
    • 532 22 Company Rights Issue ft* One-for-one $100 per share Ami StMt One-tor three 4, MS2 20 per share Issue of *****m 50* Cumulative Redeemable Preference shares of 10 sen each 1992/97 (CRPS) with up to *****m Transferable Subscnption Rights (TSR) for an aggregate price of MSI per CUPS with
      532 words

  • CHINA STOCK EXCHANGES
    • 416 23 ANOTHER dull day in the Shanghai market with its A share prices sliding 2.45 per cent to end the day with the CLSA A Index standing at 4,853.86. The only stock of interest yesterday was Shanghai First Provision Store Co Ltd, which opened at
      416 words
  • JAKARTA STOCK EXCHANGE
    • 953 23 Reuter SHARES ended little changed but some brokers detected a little more interest from foreign investors after last week's steady declines. "The market is better than last week. There is foreign interest but they're not so enthusiastic that they'll buy at any price," a
      Reuter  -  953 words
  • STOCK EXCHANGE OF THAILAND
    • 2116 23 Reuter THE SET Index closed off its high yesterday after major property firm Krisda Mahanakorn hit the 10 per cent downward limit for the second day running, brokers said. It ended 1.45 points, or 0.17 per cent, higher at 850.52 on turnover
      Reuter; Source: Bridge Info  -  2,116 words
  • Page 23 Advertisements
    • 47 23 uniMffl iu mMm Alii I rTTTH[ WM II 1 |Ir I I I'll 111 Hill Find out in I I I |ft u f I I VI I Personal Investment and Finance. II I I I I 111 II I I I I Every Saturday Business Times
      47 words

  • TOKYO STOCK EXCHANGE
    • 2552 24 Reuter STOCKS pushed their losing streak to a third consecutive day and closed weaker yesterday, though off their day's lows. Disappointment over the failure of public funds to support the market and continuing fears over the strong yen eroded prices in thin, choppy
      Reuter  -  2,552 words
  • STOCK EXCHANGE OF HONGKONG
    • 2170 24 Reuter SHARE prices closed easier in quiet trading after institutional selling yesterday afternoon reversed morning gains, brokers said. The blue chip Hang Seng Index fell 15.28 points to finish at 5,581.92 after rising almost 40 points in the morning. Institutions came up to sell yesterday
      Reuter  -  2,170 words

  • AUSTRALIAN STOCK EXCHANGE
    • 2018 25 Reuter STOCKS closed weak after tracking sideways most of the afternoon yesterday. Brokers said the market shrugged off the potentially bullish news that the August current account deficit was at the lower end of expectations. "The mood is still awful," one broker
      Reuter; Source: Bridge Info  -  2,018 words
  • REGIONAL STOCK MARKETS
    • Taiwan stocks rise on technical rebound
      • 537 25 STOCKS ended higher across the board yesterday on a technical rebound and institutional buying in blue chips, but brokers said overall investor confidence Remained weak. The Weighted Index rose 45.66 points or 1.4 per cent to 3,397.29. Turnover dropped further to NTS 10.8 billion from Saturday's NTS 12.7 billion.
        537 words
      • 759 25 STOCKS ended easier in slow trading yesterday as a late rebound led by institutional buyers failed to overcome overall across-the-board selling. "General market sentiment was really low. Institutional investors placed buying orders to shore up the market, without results," said Lim Kap Soon of Hyundai Securities. The Composite Stock
        759 words
      • 578 25 SHARE PRICES closed moderately higher yesterday on bargain-hunting for oversold issues as market leader telephone stock PLDT made gains, dealers said. The Manila Stock Exchange Composite Index gained 8.89 points to close at 1,395.36. "It's technical buying, many blue chips are already oversold," said Carol Kabigting, vice-president for research
        578 words
      • 176 25 THE Bombay Stock Index will proba- bly edge down 10 to 15 points a day this week as market participants lower their positions ahead of a string of holidays, traders said. Major financial institutions and other investors are lowering their bids to avoid getting caught on the wrong side
        176 words
      • 146 25 New Zealand Se- 29 NZ$ VoKW) ANZ Banking 3.85 unch 2300 Bank of NZ 0.78 unch *****0 Bayrorp 0 43 -0.03 *****0 Bneriev Inv 0.86 -0.01 *****00 SSffii 2.58 0.04 .***** Cavalier 4.15 -4). 10 uOj' C£215. 3-W ,***** Coip Inv 0.28 unch *****6 Cult as Pet 0.45 SiShys. 300
        146 words
      • 50 25 INDICES TURNOVER Close Previous Sep 29 NEW ZEALAND NZSE-40 Capital unav 1.434 62 MANILA Composite Index 1.395.36 1.386.47 8.89 Turnover (mil pesos) 440 1.090 -650 TAIPEI Weighted Price Index 3.397.29 closed Turnover (NTS billion) 10.8 closed SEOUL Composite Stock Index 514.11 516 04 1.93 Turnover (billion won) 129.96 142.77 12.81
        50 words
  • Page 25 Advertisements

  • WORLD STOCK MARKETS
    • Late buying sends US stocks higher
      • Article, Illustration
        1318 26 STOCKS closed sharply higher on Monday in quiet trading as a tentative strike settlement at a General Motors plant sparked a flurry of late buying that helped the market rebound from Friday's broad sell-off. The late wave of computer-guided buy programs jolted the market out of its narrow
        1,318 words
      • Article, Illustration
        663 26 SHARE prices fell sharply in trading here on Monday as dealers decided interest rates were unlikely to come down again in the near future, market sources said. Fears that the European Community might be heading for a two-tier structure leaving Britain behind also unsettled the market. At the close,
        663 words
      • 387 26 A BEARISH economic outlook, a weakening US dollar and a report predicting operating losses at Europe's biggest carmaker, Volkswagen, combined to push German share prices down 2.5 per cent on Monday. Pessimistic forecasts for the west German economy from the IFO economic institute were seen by dealers as setting
        387 words
      • 303 26 SHARES sank through a vacant session with dealers becoming increasingly gloomy on a clutch of negatives, from the weak US dollar through international bourse weakness to renewed fears of a recession in Germany next year. The EOE Index closed down 3.12 points or 1.08 per cent at 286.28. "We've
        303 words
      • 159 26 SHARES closed weaker on Monday, following other markets down after reversing a more positive start, but turnover was light as the market awaited news of the budget, dealers said. The package, with 93 trillion lira of spending cuts and revenue increases, is being discussed in parliament this week. "It
        159 words
      • 395 26 SHARES closed more than one per cent lower on Monday after a session dominated by profit taking, although Wall Street's stable opening helped some shares off their lows, dealers said. Weak bourses elsewhere in Europe, especially in Germany, dampened sentiment. The All-share SPI Index fell 15.7 points, or 1.35
        395 words
      • 140 26 RISING domestic interest rates, coupled with a weakening international trend and fears of fresh currency turmoil, hit Swedish shares down to ne\* year-lows on Monday. The OMX-Index fell 3.97 per cent tc 515.25, the Top-16 Index by the same margin to 698.03 and the General-in-dex by 3.49 per cent
        140 words
      • 289 26 STRONG gains on Wall Street took a back seat to domestic concerns about Canada's constitution vote, which sent Toronto stocks sharply lower, dealers said. A poll showing Canadians split on a new unity deal weakened the Canadian dollar by nearly a full cent. Support for Canada's national unity deal
        289 words
      • 281 26 INVESTORS, frustrated by France's failure to cut interest rates, drove the bourse down sharply, leaving shares dangling at their lowest levels in three weeks. The CAC-40 Index lost 73.27 points, or 3.97 per cent, to close at 1,770.26, not far from its session low of 1,757.95. But dealers said
        281 words
      • 74 26 INDICES TURNOVER NEW YORK Close Previous Sep 28 Dow Jones SAP 500 Turnover (million) 3,276.26 3,250.32 +25.94 416.62 414.35 +2.27 158.76 213.67 -54.91 LONDON Financial Times 30 FTSE 100 Turnover (million) 1,873.1 2,560.0 456 6 1,914.0 2.601.0 691.1 -40.9 -41.0 -234.5 FRANKFURT DAX Inde* 1,475.04 1,513.36 -38.32 AMSTERDAM EOE Index
        74 words
      • 344 26 Other markets in Europe, South Africa and Canada Johannesburg Sep 28 R*nd INDUSTRIALS A Alpha 3125 AECI 630 AMIC 6600 Abercom 125 Amaprop 620 BAZ 1300 Barlows 5200 Basil Strk 6 Blyvoor 375 unch CG Smith ***** Cnagalo 2300 Curfin 635 Edgars 5000 Fed Volk 800 First Intl 890 Hivdd
        344 words
  • Page 26 Advertisements
    • 34 26 The market reports for Brussels and Johannesburg were not available. iSSK-s T°ffi ers Bp the most f current IE list o/ job 1= opportunities quailab^^^ When people want fast results they call C.A.T.S. 737-1166
      34 words

  • CURRENCY, MONEY & FUTURES MARKETS
    • 1202 27 REPORTS THE US DOLLAR closed steady against the yen yesterday after rebounding from a record Tokyo low at the open, but lower against the mark on afternoon selling mainly by non-Tokyo accounts, Tokyo dealers said. "The market trend has changed
      1,202 words
    • 384 27 Knight-Ridder SINGAPORE Chart analysts in Asia saw the US dollar rebounding against the yen this week but then resuming its downward trend. The dollar also should recover against the deutschemark to probably above 1.5000 marks, analysts said. Using the Elliot Wave Theory, which sees prices
      Knight-Ridder  -  384 words
    • 1534 27 SIMEX EURODOLLAR Open High Low Sett Est Vol Act/Vol Op/Int Dec 92 **> 87 88 96.86 96.87 5600 8030 ***** Mar 93 96 84 96.85 96.82 96.83 9500 4955 ***** Jun 93 96.57 96.57 96.54 96.56 2500 2548 9481 Sep 93 96.21 96.22 96.19 96 19 1800 423
      1,534 words
    • 412 27 Cross rates sc P 29 US$ S$ MS Dm Yen SFr AS NZS USS 1.5980 2.5070 1.4540 119.70 0.5784 1.2750 1.3966 1.8622 SS 0.6258 1.5688 0.9099 74.9061 0.3619 0.7979 0.8740 1.1653 MS 0.3989 0.64 0.5800 47.7463 0.2307 0.5086 0.5571 0.7428 Dm 0.6878 1.0990 1.7242 82.32 0.3978 0.8769
      412 words
    • 528 27 Interbank rates SS Bid Offer Overnight I 3/4 I 7/8 1-month 1 1/2 1 5/8 2-month 1 9/16 I 11/16 3-month 1 5/8 1 3/4 Overnight mode: 1-13/16 L'SS Bid Offer 7 days 3 1/8 3 1/4 1 month 3 1/8 3 1/4 2 months 3 1/8 3
      528 words
  • Page 27 Advertisements

  • COMMODITIES
    • 373 28 Reuter LONDON Gold lease rates touched the highest levels since early 1991 at the end of last week following steady selling by Australian producers. Australian mines have sold gold forward to lock in higher prices as the metal has been supported by
      Reuter  -  373 words
    • 285 28 Reuter LONDON Talks between coffee producers and consumers on how to perk up low prices seem stalled until after the US elections in November, traders said on Monday. "Even then, they still have a huge amount to do. It all boils down
      Reuter  -  285 words
    • 738 28 REPORTS THE PRICE of tin finished eight sen lower to close at M$ 15.87 per kg on the Kuala Lumpur Tin Market on lack of buying demand yesterday. Dealers said the market was also affected by the lower London Metal Exchange overnight
      738 words
    • 1537 28 Rubber RAS Commodity Exchange (future closing is at 1pm) RSS 1 Contract (S cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest Oct 92 000 000 144.00 0 575 Nov 142.50 141.25 142.50 500 3,450 Dec 140.50 139.50 140.50 1,225 4,725 Jan/Mar 93 138.25 137.25 138.25 900 17,700
      1,537 words
  • Page 28 Advertisements
    • 668 28 BUSINESS TIMES Toll free Tel No 737 0043 -Fax No: 734 3698 IN THE MATTER OK THE COMPANIES ACT. CAP.SO sri carding trading PTE LTD (In Voluntary Liquidation) At an Extraordinary General Meeting of the members of SRI GARDING TRADING PTE LTD duly convened and held at 3 Jalan Anak
      668 words

  • 1289 29 City Flight ETA Flight ETC City Flight ETA Flight ETD Aha Dhaki GA895 GA983 1300 1315 MK/SQ742 SQ103 0920 0950 SQ104 MH670 0830 0950 Adataida QF81 1955 QF82 SQ227 2205 2245 MH605 SQ105 SMJCjl O 1020 1050 1 ooo SQ 106 SQ108 1045 1145 IOIC kmmtm
    1,289 words
  • THE TRAVEL PAGE
    • 657 29  -  POSTCARD FROM MACAU By Gerry Corran Macau's muchloved Bela Vista Hotel, a crumbling remnant of Portuguese colonial grandeur renowned for its faded charm, has been saved from demolition and given a new lease of life. The hotel, a hillside landmark in the most
      657 words
    • 151 29 As at 10am yesterday: Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.1400 1.1565 Canadian dollar 1.2615 1.2875 NZ dollar 0.8480 0.8700 Sterling pound 2.7485 2.7875 US dollar 1.5920 1.6010 Local dollars to 100 units of foreign currency Austrian schilling 15.45
      151 words
    • 86 29 Duration Title Venue Organiser Tel Nov 2-7 9th Hongkong Hongkong Headway Trading <852)827-5121 International Convention Fairs Ltd Fax: 827-7064 Furniture Fair Exhibition Centre Nov 3-4 Liberalisation London Tama Starley. 071^*****3 of European IBC Technical <f«x) TelecommuniServices cations Nov 3-5 Electronic Data Birmingham Blenheim 081-*****01 Duration Title Venue
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  • Page 29 Advertisements
    • 41 29 Discover the lengths Finnair go for just one price. A superb twice-weekly service from Singapore direct to Helsinki and daily connections to over 35 European destinations- all for one price. Call *****77 for details We know Europe from aUrt to Finnish.
      41 words
    • 26 29 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
    • 741 29 BUSINESS TIMES Toll free Tel No 737 0043 Fax No: 734 3698 In the matter of the Companies Act Cap. 50 and In the matter of BIAN HENG CHEMICALS (PTE) LTD (Members' Voluntary Windlng-lp) At an Extraordinary General Meeting of the members of BIAN HENG CHEMICALS (PTE) LTD duly convened
      741 words
    • 224 29 INTER-UNIDECOR CENTRE PRIVATE LIMITED (In Voluntary Liquidation) NOTICE IS HEREBY GIVEN pursuant to Section 308 (2) of the Companies Act. Cap 50 that the Final Meeting ot Members of the abovenamed Company will be held at 6001 Beach Road *18-02. Golden Mile Tower. Singapore 0719 on 31st October 1992 at
      224 words
  • Page 29 Miscellaneous
    • 357 29 1 Gloomy face when Ser- geant Major comes 4 Doctors enters one minute j—^^~^ after time for sacrifice (8) 1 I I I I I I 1 I I I I 9 An entitlement is quite ""lßrorder (6) 10 Mysterious secret I broad- 12 I J I I I I
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    • 167 29 Singapore Outlook: Showers over several areas in the late morning and early afternoon. Report Maximum temperature 31.7 Assoc humidity 61% Minimum temperature.. 23.9 Assoc humidity 97% Hours of sunshine 8.20 Rainfall in mm Nil Rainfall this month 83.6 Rainy days this month 16 World report Asia-Pacific Hi/I.o* Cond. Auckland 16/9
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    • 23 29 rAG.'S P&OUND LlKe A FUDG£- W\P>S Put ON A LOT Of LJCtGMT O>GLP\CMe,D we ujovt ON (Q v "> 8771 C ASSOCIATED NEWSPAPERS LTO-IMMM2
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  • 453 30 It can be our springboard to world markets: Chinese official Reuter SINGAPORE Increasing numbers of Chinese firms will pick Singapore as a base to expand into South-east Asia amid rapidly warming relations between Beijing and Singapore, a senior Chinese embassy official here
    Reuter  -  453 words
  • 386 30 Reuter, AFP DALLAS United States President George Bush yesterday vetoed a Bill approved by Congress that would place conditions on renewal of China's most favoured trade (MFN) status, saying it could throw thousands of Americans out of work. Congress had
    Reuter, AFP  -  386 words
  • 239 30 SINGAPORE Foreign Minister Wong Kan Seng has accused the developed nations of ignoring Third World concerns and stalling on international trade talks. Addressing the 47th United Nations General Assembly j in New York on Monday, Mr I Wong said the
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  • 371 30 Reuter, AFP BANGKOK Thailand named a new Cabinet yesterday that puts prominent bankers in key economic posts, a pro-democracy general at the helm of the Defence Ministry and a former anti-communist crusader in charge of foreign affairs. King Bhumibol Adulyadej formally approved the Cabinet
    Reuter,; AFP  -  371 words
  • 891 30  -  The Bottom Line AGNES CHEN AGNES CHEN The writer is the executive editor of Singapore Business magazine A PAIR of American brandname sports shoes which sells for US$lOO (SSI6O) in department stores only earns its Indonesian manufacturer a profit of
    891 words
  • 322 30 TOKYO Japan's index of leading indicators soared sharply in July but economist said it's too early to pop the champagne corks to celebrate recovery in the economy. The forward-looking diffusion index of economic indicators, which is really a compendium of selected economic indicators,
    322 words
  • 271 30 w§m&samM. tin ilffiftntrrniniifflfffy mm AP, Reuter DALLAS Billionaire Ross Perot said on Monday he found a lot of common ground with Bill Clinton's economic programme after he and supporters from all 50 states met with envoys from the Democratic presidential nominee. Still
    AP,; Reuter  -  271 words
  • 83 30 Reuter WASHINGTON The US government's main economic forecasting gauge weakened during August, the US Commerce Department said yesterday, signalling more sluggishness ahead. A 0.2 per cent decline in the Index of Leading Indicators, which is designed to forecast economic activity three to six months
    Reuter  -  83 words
  • 287 30 NYT, Reuter LONDON EC finance ministers have said they oppose a "two-speed" approach to monetary unification that would allow one group of nations to proceed quickly towards a single currency while leaving others to deal first with domestic economic problems. Their
    NYT,; Reuter  -  287 words
  • Page 30 Advertisements
    • 132 30 Every Saturday in Business Times 1 "HOW TO SIAKT AND EXPAND YOU! BUSMESS" SEMINAR I Date Saturday, 10/10/92 or 7/11/92 Time 3pm to spm Venue Westin Hotel, Mercury Room, Level 4 Cost Ss6B per participant Benefits Participants will learn the following: 1) How to make your first million dollars 2)
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    • 5 30 Every Saturday in Business Times
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  • Shipping Times
    • 361 31 Group to issue statement today SINGAPORE Malaysian environment authorities plan to take action against Singa-pore-listed Sembawang Maritime Ltd (SML) for deploying tugboats to tow the Nagasaki Spirit out of Malaysian waters. The Department of Environment (DOE) yesterday said the Sembawang Group member
      361 words
    • 237 31 Bernama JOHOR BARU The demand for handling facilities for petroleum products and chemicals at Johor Port is growing at a rapid pace. This is brought about by the surge in industrial development, including an expansion of chemical-based industries, in Johor. In
      Bernama  -  237 words
    • 318 31 Bernama-Kyodo LONDON The Argentine government is deeply concerned over the possible passage of a Japanese plutonium-carrying vessel around Cape Horn off the southern tip of Argentina, an Argentine navy source said here yesterday. The 4,800-ton Akatsuki Maru is now on its way to France and
      Bernama-Kyodo  -  318 words
    • 1181 31 Page Col ABC Containerize 12 1 Accord Group 8 1-3 •Ahrenkiel Liner 16 4 Allied-Link 16 4/5 Alpha Feeders 6 I •ANL 3 1/2 •APL 5 3-5 Asia Cont Lines 14 5 Asian Break-Bulk 16 3 •ASCL 5 5 •ASXCL Shpg 15 2
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    • 208 31 KnightRidder LONDON The oversupply of world tankers will diminish over the next five years and might even become a deficit by 1997, according to a report from London-based Drewry Shipping Consultants. The forecast is based on the introduction of an increasingly stringent inspection regime
      Knight- Ridder  -  208 words
    • 273 31  -  By Dexter Lee SINGAPORE Singmarine Industries Ltd subsidiary Aluminium Craft (88) Pte Ltd has completed the building of the $3-million passenger ferry Penguin Success. The shipyard will deliver the completed monohull vessel to its owners, Penguin Boat Services Pte Ltd, today. This will be
      273 words
    • 273 31 AFP LONDON The freight shipping market continued to weaken over the past seven days, hit by feeble demand linked to uncertain currency positions and the weakness of the world economy. The Baltic Freight Index (BFI) lost four points to close last Friday down at
      AFP  -  273 words
    • LOG BOOK
      • 102 32 LIMA Peru's port workers on Monday were rallying at Peru's 16 sea and river ports as they waited for an answer ftiom the state port authority Enapu on their wage raise demands, said a port workers federation leader. Workers clocked in but
        102 words
      • 82 32 SEOUL Hyundai Heavy Industries Co, South Korea's largest shipbuilder, has received a US$7O million (Ssl 12 million) order for construction of desalination facilities from Italy's Iritechna, a Hyundai spokesman said yesterday. The contract involves building six desalination units to be installed in Abu Dhabi in
        82 words
      • 80 32 AMSTERDAM Mexican airline Mexicana has ordered 10 Fokker 100 aircraft on a firm basis and taken an option for eight others of the same type, Dutch aviation firm Fokker announced here last week. Deliveries will begin at the end of this year, and continue into 1994.
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      • 65 32 TOKYO Nippon Oil, Japan's largest oil company, and Nippon Yusen have agreed to raise the August retroactive domestic prices of their bunker fuel oil by US$2 (553.20) to US$llO per tonne, a Nippon Oil spokesman said yesterday. He said the domestic price was based on
        65 words
      • 102 32 TOKYO Reckless drivers, dubbed "rouletters", are turning Tokyo's inner-city motorway into a hazardous race track at weekends, police said yesterday. Twenty or more sports car drivers converge every weekend on the 14-km long elevated lOop above central Tokyo and carve through late-night traffic at speeds
        102 words
      • 108 32 fcUALA LUMPUR Deputy Prime Minister Ghafar Baba ©id on Monday the increase in minibus and taxi fares will not affect government efforts to encourage the people to use public transport. The government approved the fare increase as the fare structure had not been revised for a
        108 words
    • 749 32 DRY CARGO freight rates extended their decline on Monday with little demand evident, particularly in the panamax sector. The Baltic Freight Index <BFI) was marked down two joints to a fresh five-year low of 1,043. Dealers said business included a fixture for heavy grain 'from the US Gulf
      749 words
    • 1064 32  -  In bidding for Continental Lufthansa clearly feels it can no longer sit on the sidelines and watch its main competitors on both sides of the Atlantic position themselves in an increasingly global airline market, write Paul Betts and Nikki Tait Paul Betts,Nikki Tait FT Lufthansa, one
      FT  -  1,064 words
    • 266 32 THE FREIGHT shipping market continued to weaken over the past seven days, hit by feeble demand linked to uncertain currency positions and the weakness of the world economy. The Baltic Freight Index (BFI) lost four points to close on Friday down at 1,045 points, its lowest level for
      266 words
    • 10234 40 This is a list of ships loading at Singapore for ports around the world. It tabulates, by destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. LEGEND PN: ship calls at Penang after
      10,234 words
    • SHIPS IN PORT
      • 710 47 Vessel Voy No Berth Aimtt Dopartire Vessel Voy No Berth Arrive Departm Marina Terminal 1 SC 0246E 29/09* P01A 2909/1400 29 09/1530 Batam Sayang *****2 M04 alongside 29 09/2300 SC ***** 29/09* P01A 2909/1000 29 09/1500 Batam Speed 93/92* M05 alongside 29 09/2100 SC 0771H Q011 P01A
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      • 258 47 inhfira Da<4 IQWif rlHl Bertie 1: New Line No 1, Sagaland; 2: Mandalay; 3: TaJana; 4: Mtlenaki; 5: Pernas Suasa; 6: Barge Kuala Siak V. 01 jetty: Rosalie, Grazia, So bur. DC* Ocean Elite, Kyokuei Maru No 2. Oik on Sap 29: Borneo 1, Jo Lind, Semarak.
        258 words
      • 1526 47 I.HIAUW11U1 nn= a* Voy Mo Cantmn ratable I Shi Voy No ConUnart n <ataM* Bangkok Br 12 28.0992 0700 Piya Bhum 252N COO(EST) 28 0992 2300 OOCL Arrow 45E 28 09.92 0800 Gucheng 130 COO(EST) 29 09.92 0700 Un Moral BM083 28.09.92 0952 6 Donam 219S COO(EST) *****2
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    • 770 48 Oct 5 4 6: Conference on Qualitj 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 Qruise Convention, organised by Seatrade. The event will take
      770 words
    • 399 50 Reuter PARIS Despite three crashes this year, Airbus Industrie's sales are holding up well and seem unlikely to suffer from the accidents, industry analysts said. An Airbus A3OO crashed on Monday while approaching Nepal's Kathmandu airport, killing all 167 people on board,
      Reuter  -  399 words
    • 236 50 AP NEW YORK Northwest Airlines said it has doubled the fee it charges leisure passengers to change flights or switch their tickets to get a better discount, but its competitors didn't go along. The industry tried last month to raise the US$25 fee to
      AP  -  236 words
    • 239 50 Reuter LAGOS Rescuers struggling through swamps have plucked 180 bodies from the wreckage of a crashed Nigerian air force transport plane, military sources said on Monday. They said more bodies could be dragged out of the partly submerged Lockheed C-130 Hercules transport, which
      Reuter  -  239 words
    • 238 50 The PI A crash AP KATMANDU A Pakistan International Airlines plane with 167 people aboard crashed Monday on its landing approached to this city ringed by Himalayan mountains. Nepalese rescue workers who reached the site said there was little chance of
      AP  -  238 words
    • 326 50 UPI ABU DHABI United Arab Emirates (UAE) and Iranian officials resumed talks on Monday to defuse a dispute over three islands in the world's main oil shipping lanes. The two countries are trying to ease tension after Iran's effective annexation of the island
      UPI  -  326 words
    • 341 50 AP WASHINGTON An experimental aircraft known as the X-31, developed in a joint US-German programme, has flown manoeuvers at a 70-degree angle of attack, the US Defence Department announced on Monday. The development is important because most aircraft operate beyond their aerodynamic lift limit
      AP  -  341 words
    • 150 50 Reuter NEW YORK Santa Fe Railway, a unit of Santa Fe Pacific Corp, said it agreed to run two-man crew on the eastern half of its system and similar agreements are in place on its western half to run through freight trains across
      Reuter  -  150 words
    • 205 50 AP INDIANAPOLIS Ford Motor Co's plant on Monday began building steering components for export to Europe, part of an expansion that cost the automaker more than US$l5O million (Ss24o million). Ford renovated and retooled nearly 200,000 square feet of the Indianapolis plant.
      AP  -  205 words
  • Page 31 Advertisements
    • 28 31 Unas and *arvlc«s rapraaaatad by Maaibara af tfca Raglatry af Accradltad IWoplai At ants. Stataaora National Shin- J plag Action. For advertising enquiries, contact Shipping Times: Tel 740-2089/740-2090.
      28 words
    • 116 31 m m i i Si# m J ..r LL4 &fp* Lufthansa plays the global game, Page 2 Airbus sales still holding up despite crashes, Back Page t/r- ai wm fronciJ THE TOTAL TRANSPORTATION fg| Pi VISA FEtEIGHT SERVICES PTE LTD KhImBH ESS established in 1984 international .2222J!L. with a concept
      116 words

  • Page 32 Advertisements
    • 84 32 "hipyard 4 A protected deep water facility in Jervoise Bay, Western Australia, comprising of Workshops Slipping facilities and Jetty on leasehold land. Jetty: Concrete pile and deck with timber edging. Built in 1989. Slipway: Total length of some 221 meters with approximately 100 meters extending out of the water. Capacity
      84 words
    • 10 32 SINGAPORE HI Mil GIVING YOU THE WINNING EDGE OCTOBER 1992
      10 words

  • Page 33 Advertisements
    • 3546 33 mm OOCL (S) PTE LTD JARDINE SHIPPING AGENCIES TEL: *****11 FAX: *****09 AIIVIW BOOKINGS TEL: *****34 *****58 VfIRIV M TERMINAL/CFS TEL: *****18 220 P Eflflflfl H PESAKA JARDINE SHIPPING AGENCIES BDN. BHD. PORT KELANG TEL: *****18 FAX: *****91 *****88 Elllfl fflllT llfllAf i —T~~ PENANG TEL: *****4 FAX: *****1 CFS
      3,546 words
    • 1329 33 unm2E3Esm WEEKLY DIRECT CALL TO SHIMIZU LAURA MAERSK V.9211 ETA SIN 1/10/92 ETA SHIMIZU 13/10/92 VMM Voy ETA ETD Feeder by DESTINATIONS Sw LAffc/Ariea Thw Mat May*— Maori* 9206 CY 6/10 0600 HRS CFS 5/10 2359 MRS JOH LPK PEN OAK LOB HOU MEM ATL MIA CHS BAL PHI NYC
      1,329 words

  • Page 34 Advertisements
    • 1420 34 R'DAM/ 1 VOY NO S PORE JEDDAH S'HAMTON H BURG ANT LE HARVE MMJ I KURAMA 18/139 1/10 10/10 24/10 20/10 19/10 l FRANKFURT EXPRESS 64/339 4/10 21/10 23/10 26/10 27/10 MJNI fßMti I LA SEINE 26/140 8/10 17/10 31/10 27/10 26/10 fMßfrtn WHllflilltf KASUGA I 23/340 11/10 28/10 30/10
      1,420 words
    • 435 34 QSZKBB FCL Breakbulk Service to: AFGHANISTAN MAM Afghanistan Ltd., Sole Foreign Forwarder In Kabul (or all services C.1.5.-Vostochny, Vladivostok, Moscow, Tashkent, Kiew, Minsk, Riga, Baku North Korea t Vietnam Mongolia e Hungary CSFR e Poland ocFwrans AGENCIES (FAR EAST) LTD NOUAKCHOTT-BANJUL-BISSAU-LUANDA-BATA F—dec Vessel ITA AM VILLE DE CANOPUS 03/10 VILLE
      435 words
    • 1480 34 KIWtIM un REGULAR INDEPENDENT FULL CONTAINER SERVICE VSL/VOY SIN ALQ BCL* HAM BRE# ROT ANT* FEL LHA NORASIA SUSAN 9230 3 29/09 21/10 23/10 25/10 26/10 26/10 27/10 28/10 29/10 NORASIA SHARJAH 9231-3 05/10 28/10 30/10 02/11 03/11 04/11 05/11 06/11 07/11 I HANK ARROW 232* 11/10 02/11 03/11 08/11
      1,480 words

  • Page 35 Advertisements
    • 1786 35 PHI STRAITS SHIPPING PTE LTD ■gfM 10 Hoe Chiang Road #1101 Keppel Towers Singapore 0208 Tel: *****88 Fax: *****17 ACCEPTS CARGO DUE SARS SINGAPORE mom PtNM STRAITS VENTURE *2* Muara. lab. KR 29 S«p 30 S«p 01 Oct MK ig PRINCESS W207 07 Otl 12 Oct KRIS kERUBI VO«E RR.
      1,786 words
    • 1143 35 k%% a SINGAPORE AGENT: 110/ V PAO Containers (Singapore Agencies) Pie Ltd l*W| V I fICrS 10 Hoe Chiang Road #07-01 KEPPEL TOWERS. SINGAPORE 0208 X WLVf \JVliimilVl Te| 225 2233 Tele* RS ***** PNOCSP Fax: 225 5327/222 7517 CR Number **********0Z T-™ mrnmat~lfl EXPORT II l VMKI VOY AMI
      1,143 words

  • Page 36 Advertisements
    • 625 36 ma CR NBR **********0-0 EXPRESS SEMI CONTAINERSHIP SERVICES TO EUROPE *a/Wt STCtt ROAM/MAM H3UR6 MUCH WTKOf KUTM/2MB 9-13/10 9/11 15/11 20/11 23/11 MTNUM/33N8 25-20/11 30/12 2/1 5/1 10/1 FAST TRANSIT TIME ACCEPTING BREAK BULK/CONTAINERISED CARGO Subf*ct to lnduc«<n«nt. Also accepting cargo to Casablanca, Port Said, Port Alexandria, Ganoa, Trtaata. ALSO
      625 words
    • 1358 36 HANJIN SHIPPING FM m SM UK HAUL LGB OAK Ft* VSL SM |UC HAUL SAO AN NYC HANJM SMGAraS 007E 4/10 OKCT 25/10 28/10 FISHGUARD BAT ***** 5/10 K AOWCA 0051 12/11 13/11 15/11 HANW II HAWE 01JE 11/10 HRECT 1/11 4/11 HAMH QCAI 0071 12/10 K KOBE 030E 10/11
      1,358 words
    • 1172 36 J _J .T-JTra^T^^ llHl^lßilUHMl^BflßilidlHHiHHHlHlßlHHMilllHlftHtHfllHflHtflHd^^BlHHH m W ISC we IK M Ml OS NGV 9U ITO Ul OS U HTC UN M )M W BD M I i cmi non n/i nn s/io 7/to 5/itl2/10 11/ it is/it is/10 17/ it u/10 jo 1011/u 11/11 14/11 24/11 nll 21/11 27/11 7/1217/12
      1,172 words

  • Page 37 Advertisements
    • 1695 37 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 ■Mbg MOM mmm FAR EAST SERVICE *****00 IMPORT CFS F9: *****69/*****98 UK/EUROPE SERVICE (TOLL-FREE) EXPORT CFS F9: *****53/*****50 AUST/INCMA/PAK NEPLINE SON BHD MALAYSIA NEPTUNELINK TEL* (03)
      1,695 words
    • 1022 37 SINSOV SINGAPORE SOVET SHIPPING CO PRIVATE LTD BOOKING: *****51/ *****64/ *****06 (FESCO LINE) ENQURES: *****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—OBCHWQN6 WKTBOfO—LOMWG nWCHPftD WA HOTTBPMI poms ww low |mu
      1,022 words

  • Page 38 Advertisements
    • 1637 38 K 44 W AS AGENTS: KAWASAKI SINGAPORE (PTE) LTD ICR No: **********0 M) W V W A TEL *****77 TELEX: KAWAKIRS23I6S FAX: *****07/^9 B4 MALAYSIA: 'K* UNE MARITIME (MALAYSIA) SON BHO A hL. U All JLtf# TEL SA *****00 PK *****01/5 PENANG *****0 JB *****1 KAWASAKI KISEN KAISHA, LTD INDONESIA:
      1,637 words
    • 1021 38 mu-omtm imes pre ltd V ssssssssssassssK----ep£i BY AIR, LAND OR SEA.... WE TAKE ON THE WORLD FOR YOU nB^^JEUBEROfSWGA^EF^j^ORj^Og^O^jOf^^^^ 8 OCT SYDNEY. MELBOURNE, NAPIER CHRISTCHURCH 1 nrT AilTKi AND WELLINGTON, LYTTLETON, NEW PLYMOUTH, NAFItH. onr..^. <i APT kjpvinn CITY TAMPICO, VERA CRUZ, PARAMARIBO .H»KI 3 OCT SANTOS. RIO DE JANEIRO,
      1,021 words

  • Page 39 Advertisements
    • 1911 39 agiag"ff_ PACIFIC INTERNATIONAL LINES (PTC) LTD M M flßi 140 Cecil Street. #03-00 PIL Building. Singapore 0106. Tel: *****33 CR NO: **********0E VESSEL VOY SSI JKT SM q KOZMTSEV NN 2/10 8/10 8/10 KOTA MOAH 401 4/10 7/10 11/10 SMSAMUT (THAI FLAG) WU7N 4/10 t/10 11/10 SUNQA TERATAI 403 1/10
      1,911 words
    • 801 39 c PHHffIBP PKELANG OCEAN VSI/VQY SIN SOUP) GOT (4) p ITio iTio 3/10 benarty 2392 6/10 23/10 2s/10 26/10 28/10 p ~5770 iTio 10/10 ALSIA 2402 13/10 30/10 1/11 2/11 4/11 D "iiTio I 16/10 17/10 BENAVON 2412 20/10 6/11 6/11 9/11 11/11 E 237i0 I 23/10 24/10 JUTLANOtA 2422
      801 words
    • 266 39 BSA TRANSPORTATION M MYANMA FIVE STAR LINE (Myanmar National Line) Loading for Yangon (Rangoon) Spore P.KI| Pen P.Gdf MAMUU.AY V3SW SU In Pt PATHEM VII9W 4/5 Ocl hi Pt HPA-AA VII2W 20/23 Oct PAGAN VII7W 13/16 Oct NIGERIAN NATIONAL SHIPPING LINE NIGERIA EXPRESS SERVICE RIVER MAJE V.50 SPORE 16 Nov
      266 words



  • Page 42 Advertisements
    • 2505 42 Conventional Semi-Container Full Container Liner Services Liner Services mahh's mom»s CtMrtl Agents: <**»"«•** tal tan S*Mf S* M 4 Ctm Ctto Stmt S* M MUttWIW-***. Yick Fung Shipping StM Ml« fin** A*odto Costar Shipping Pie Ltd mmt r*m Cm* S* SM 58 Persian fta* Muda Musa Lot 3.34. 3rd Floor.
      2,505 words
    • 284 42 SAMIIDBU MWUtt (S) FIE LTD IS McCALLUM STREET #03-01/02 NATWEST CENTRE Singapore 0100 Tatac R*****0 Tat: *****11-9 Fax: 22S 4MB, 227*1* FOR BOOKINGS CALL MRECT LME TEL: *****41/*****43 SM/JAK SERVICE VESSEL VOY SIN JAK MERKUR DELTA 941 IN PORT 04/10 (SUN) LAWANTI 978 02/10 (FRO 05/10 (MOM) PELOPOR 1046 03/10
      284 words

  • Page 43 Advertisements
    • 598 43 yg FAMOUS CONTAIHER LINES 10 ANSON RD. #15-21 INTERNATIONAL PLAZA, S'PORE 0207 HOT LINE: *****33 (24 LINES) LIMASSOL/PKEAUS 4/10 ROTTERDAM 4/10 HAIFA/ASHOOD/ALEXANDRIA 4/10 HAMBURG/BREMEN 4/10 MARSEILLE/FRANCE 4/10 FELIXSTOWE/UK 4/10 BARCELONA/SPAIN 4/10 LEHAVRE/ANTWERP 4/10 GENOA/ITALY 4/10 GOTHENBURG/SCANDINAVIA 4/10 LOS ANGELES/WC/ffl 4/10 SYDNEY/MELBOURNE 5/10 NEW YORK/EC 4/10 FREMANTLE/ADELAIDE 1/10 VANCOUVER 4/10 BRISBANE
      598 words
    • 655 43 [3D RICHFIELD MARINE AGENCIES (S) PTE LTD Kjffl TEL: *****33 (12 Lines) FAX: *****15/*****03 [ffi TELEX: R3 ***** RISHIP (3 Line*) \*f\ ETHIOPIAN SHIPPING LINES (National Lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL vessel Ivoy eta loawng for SPOKE ANCNNET 2«WB 18/10 OAKESSALAAM. MOMBASA. DJIBOUTI ASSAB. MASSAWA ABBAY WONZ" 34W8
      655 words
    • 730 43 sgimmffinH BtNM BHUM AOS 03/10 06/10 NMHN NMUM# 120* NM 30/00 %m mm WWW BHUM 161S 07/10 10/10 UW NMUM 44N H 02/10 Mw OS/IN BtWiA BHUM 475 10/10 13/10 NAHTA BHUM IQOW ht 03/10 Wd 07/10 WHIM BMUM 162$ 14/10 LZZI® FITA BMUM## 2S3N Nlw 05/10 Th» 00/10 ?5
      730 words

  • Page 44 Advertisements
    • 1711 44 BLUE STAR LINE SINGAPORE TO AND FROM NEW ZEALAND AND PACIFIC ISLANDS SM ML ITT PRIMER 20S 2/10 14/10 18/10 1/11 HLBatA 29$ 15/10 27/10 29/10 15/11 AUST STAR 0530 26/10 7/11 9/11 26/11 FULLY CONTAINERISED SAILINOS DISCHARGING AT AUCKLAND, LYTTELTON, ACCEPTING FCL St LCL FOR NEW PLYMOUTH, NAPIER, WELLINGTON,
      1,711 words
    • 876 44 THONG SOON UNES PTE. LTD. 77 RO6WSOM ROM) #15-00, #16-00 SM BULDMG SMGAPORE 0106 TEL: *****88 FAX NO: *****11, *****22 TLX: RS ***** CARRER, RS ***** JENHOL CABLE: TOSOCO SINGAPORE TO SARAWAK SINGAPORE TO WEST MALAVBIA *ssa \ni [store licst una wi vm f mac EQUATOR GRACE 65/92E 02 OCT
      876 words
    • 233 44 CCNI Comptnii Chilinc df NtvtQtckw lnt#roc#so4cs S.A.. SEASPAC SERVICE ACCEPTING CONTAINERS AND BREAKBULK DIRECT SERVICE TO SOUTH PACIFIC ISLANDS sm nou aw m PALEMBAMG 400X8 J/1# 17/10 19/10 23/10 VSL 27 30/10 0/11 12/11 17/U DIRECT SERVICE TO CHILE. PERU. BOLIVIA SM CLX *}Q CQ6 V*f SM M 9 PALtMBANG
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  • Page 45 Advertisements
    • 818 45 COMPANIA PERUANA DE VAPORES "PERUVIAN STATE LINE" ACCEPTING BREAKBULK/FCL/SOC CARGOES TO/FROM CALLAO, MATARANI, ILO* OTHER PERUVIAN PORTS* WITH T/S AT KOBE ON CPV THROUGH BIL OF LADING. ORIENT LINE" JAPAN/BAY OF BENGAL/JAPAN SERVICE ACCEPTING BREAKBULK/SOC CARGOES TO/FROM KOBE. YOKOHAMA. NAGOYA, MOJI. TOKYO*, MANILA*. DAVAO*. Penant* P. Kebnf Sinfaporc EUsii* SHAPIAEVERFTT
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    • 571 45 CZ3 JiSL. W.AMERICA/CARRIBEAN SERVICES VESSEL IYOT SO HOT LAI AST SAY NYC m HWA 7« 3/10 m CANADA 7E 30/10 1/11 12/11 14/11 14/11 A VESSEL 10/10 M ITALIA it »/ll 17/11 21/11 23/11 25/11 ZM POAElfi 132E 14/10 M ISRAEL IE 14/11 25/11 29/11 1/12 3/12 ai aleiamnual;* li>/lalat
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    • 580 45 CONVENTIONAL SERVICE TO/FRO A) VIETNAM B) HONG KONG C) BANGKOK D) INDIAN SUB-CONTINENT PORTS REGULAR LINER CONVENTIONAL SERVICE TO BELAWAN/JKT VOV. NO. PK SCW JKT SEA QUEEN 608 22/9 24/9 SEA QUEEN 609 28/9 29/9 SEA QUEEN 610 1/10 3/10 GULF TRAVELLER 41 5/10 11/10 GULF TRAVELLER 42 19/10 25/10
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    • 372 45 iwusiillMlMlMll MONTHLY DIRECT CONTtINU SERVICE SIN TO ALGERIA ALSO CALLING MARSEILLE/LASPEZIA TWICE WEEKLY CONTAINER SERVICE SIN/MADRAS/SIN WEEKLY CONTAINER SERVICE SIN/CALCUTTA/SIN WITH TRANSHIPMENT TO: ASEAN/AUSTRALIA/FAR EAST/MMTERRANE AN/EUROPE WEEKLY CONVENTIONAL SERVICE SIN TO CHINA WEEKLY CONVENTIONAL SERVICE MADRAS/COLOMBO/ BOMBAY/KARACHI WEEKLY CONVENTIONAL SERVICE EAST AFRICA/RED SEA/ MEDITERRANEAN CAKOMOKIM LUCKY TRARSPOOT 6 FREKRT CO
      372 words
    • 397 45 SIN FAR EAST 6/10 KEELUNG/KAOHSIUNG 5/10 BANGKOK 2/10 MANILA/CEBU t 5/10 JAKARTA/BELAWAN/SURABAYA 5/10 PORT KELANG/PENANG/E. MALAYSIA T 5/10 BUSAN 8/10 TOKYO/YOKO/KOBE/NGO/OSA 5/10 HONG KONG Si CHINA 5/10 GUANGZHOU/HUANGPU/SHENZHEN FUZHOU/XIAMEN/SHANTOU DALIAN/SHANGHAI/XINGANG TIANJIN/QINGDAO/HAIKOU also accepting LCI cargo SIN EUROPE/UK 3/10 LDN/FLX/LVP/SOU 3/10 RDM/HAM/ANT/LE HAVRE/GENOA/OSLO also accepting cargo to Austria/ Hungary/Romania/Poland/Bulgaria/Czech. SIN USA/CANADA
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  • Page 46 Advertisements
    • 713 46 ECONOLINES 1 We deliver 2040 points throughout 17 We provide weekly consolidations to 32 countries in conformity with 13 Imcoterms Discharging ports at own Bonded Warehouse total demands in shipping for carrying your with in house customs service and Routier goods from door to door trucks for home deliveries at
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    • 467 46 Bonterm/ CONTERM FREIGHT (F.E.) PTE LTD. AUCKLAND 2ND OCTOBER ACCEPTING TO ALL PORTS IN NEW ZEALAND BANGKOK 04 OCT JAKARTA 04 OCT PENAN6 08 OCT POBT KELANC 08 OCT MELBOURNE 08 OCT SYDNEY 08 OCT FREIBANTIE 08 OCT HAMBURG 03 OCT FELIXSTOWE 03 OCT GOTHENBURG 04 OCT 'ACCEPTING TO ML
      467 words
    • 840 46 This Week's Sailings I To: KTD To: eTS Singapore Singapore Hamburg 03/10/92 Bangkok 04/10/92 1 iMIiL I >os Angeles jf Manila 02/10/92 (Onforwarding to Mid West/ 04/10/92 ajo** East Coast of Colombo 04/10/92 t'SA) Tel: Fax: <Whr>nW«i/ Singapore 778 6522 *****38 oandhi gf MJL Johore 07-*****8 07-*****3 Alfred Ng r*i
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  • Page 47 Advertisements
    • 63 47 T0N6 JOO SHIPPING PTE LTD TEL: *****93 CR NO. Y**********C ACCEPTMG FULLY CdNTAMERISEO CONVENTIONAL CARGO APPLE COl 03/10 APPLE COl 03/10 Gid C30 07/10 GK5I C30 07/10 APPLE C02 11/10 APPLE C02 11/10 GIGI C31 15/10 GtGI C31 15/10 GINA II 19E 11/10 GINA N 19E 11/10 GENIKI 25/92 09/10
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    • 19 47 RITRA CARGO (SINGAPORE) PTE LTD Talk to the experts: I Seafreight Division J Catherine Tel: 223-2668 Fax: 221-2829 Shirley
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  • Page 47 Miscellaneous
    • 413 47 TIDES AND WEATHER TODAY'S TIDES (M»t in metres) HOW 0000 01M 0200 1300 MM 0500 0600 07M 0100 0900 **********00 **********0016M*****M***** 2000 21N 2200 23M JR 2 5 28 2.8 2.6 2.0 15 1 1 08 08 09 14 2.2 2.9 31 30 26 20 13 0.8 0.4 0.2 0.3
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  • Page 48 Advertisements
    • 465 48 WBV LIAN HUAT SHIPPING CO CPTEJ LTD. 10 Anson Road, #14-19/21 International Plaza, Singapore 0207. Tel: *****11 (16 lines) Fax: *****94 Tlx: RS ***** AB LENHUAT Daily receiving cargo at Pasir Panjang Terminal PT4 Tel: *****97 FULLY CONTAINERISED AND CONVENTIONAL SERVICE TO MYANMAR (TANGON) VESSEL ETA ETD DESTINATION SERVICE SINZHONG
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    • 592 48 1 cosco UKC CONVENTIONAL «gWYICg VESSEL PKL PNQ P.O. LOAOtNO FOB: A VESSEL 28/10 Rotterdam/Antwerp CHINA CONVENTION Al SERVICE VESSEL PKL PNQ P.O. LOADING FOR: A VESSEL 15/10 20/10 Huang pu/Guangzfxxi COSCO FULL CONTAINER SERVICES (FCL/FCL) EXPORT TO: CMNA/BANOKOK/HONQKONO EUROPE/CONTINENTAL WEST MEDITERRANEAN AUSTRALIA US WEST COAST PERSIAN GULF/KARACHI Please refer
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    • 398 48 BEUING CHANGCHUN CHONGQING FUZHOU GUILIN HARBIN KUMMING NANNING QUANZHOU SHEKOU SHENYANG SHENZHEN WUHAN XIAMENXIAN ZHENGZHQU .jfi ~Cf*% SBRSOHJ3 /SHENZHIN SHIPPING Tel: 227 4788 Fax: 227 2Q83 h> SKH DISTRIPARK PTE LTD I 77 Robinson Road #16-02 SIA Building, Singapore 0106 T«: *****79 Fax: *****82 Tlx: RS *****SKHNVC) JoKore Baru Toi:
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  • Page 49 Advertisements
    • 1048 49 HYUNDAI MERCHANT MARINE CO. LTD. WESTBOUND TO EUROPE VESSELS HW+ PKE SW »TM Mff' L£W HW B«t Ffl. SI. FREEDOM 301W 09/10 09/10 11/10 30/10 30/10 31/10 31/10 31/10 03/11 SI. MAfUNER 301W 23/10 23/10 25/10 13/11 13/11 14/11 14/11 14/11 17/11 H. EXPIOHOt 302W 30/10 30/10 1/11 20/11 20/11
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    • 433 49 STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO t HEAVY LIFTS INBOUND VESSELS nsttl MY V PI UK u MAM OCtAO 121 ■PT lAKMIM 21 ■PT COOK PMUI 25 2/M 4/M TMMIMKR M S/M fWIW MY 2 1/10 1/10 SUI NAOOYA M 1/10 11/10 TIMS UTO M 12/10 14/10 MA 10/10
      433 words
    • 850 49 EXPORT TO: JEDDAH/UK/CON7fvENT rras Ikd non kmk iw u* ♦m» ««.l»m c—i f* KURMM 11/19 1/11 M/M 24/10 21/11 19/11 li—i«i»lii :to M M iit**m. Odhrt mt ft*fc HMMT t» M/ 3» 4/11 21/11 23/11 21/11 27/11 Mtarta k^WM^MtteO^MMI UH2I/M l/ll 17/11 31/11 27/11 21/1* Sa*Mpia kdlMMk^MMalNfc lUKII2I/M 111/11 21/11
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  • Page 50 Advertisements
    • 88 50 m Every Saturday in Business Times (Hi, Stories on labour and its relationship with management, management concepts in practice, profiles of leading managers in Singapore and relevant book reviews. ENTERPRISE MANAGEMENT, in Business Times every Monday, is must reading for managers who want the competitive edge. Plus an occasional look
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    • 74 50 Every Saturday in Business Times E22HI NOTICE M.V. Gloria Ac* Voy. 25 And 22th Sept. 1992 M.V. Ocrnla Queoi Voy. 65 And 24th Sep. 1992 Consignee* of all damaged cargoes ex the captioned veud is hereby notified that a general iurvcy will be held on the Ist October 1992, 0900
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