The Business Times, 29 December 1992

Microfilm: NL18513
Total Pages: 44
1 44 The Business Times
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  • Title Section
    Masthead
    16 1 Business Times THE BUSINESS PAPER FOR S-E ASIA MITA (P) 552/12/92 Tuesday, December 29, 1992 75'
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  • NEWS
    • Article
      Baghdad condemns shooting down of warplane
      61 1 NICOSIA Baghdad yesterday denounced the downing of one of its warplanes by US F-16s in the "no-fly zone" over southern Iraq as "blatant aggression and a flagrant provocation" that would not go unpunished. But Arab analysts said the Iraqi warplanes intercepted last Sunday were
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    • Article
      Thais fail to persuade Khmer Rouge
      60 1 BANGKOK Thailand's foreign minister held talks with the Khmer Rouge guerilla group yesterday but failed to prod it back into the UN peace process in Cambodia. Foreign Minister Prasong Soonsiri met Khmer Rouge leader Khicu Samphan for about two hours and later said he
      60 words
    • Article
      Tourist potential
      35 1 SINGAPORE could attract up to 10 times more tourists from China in the next few years if it eases current visa restrictions on travellers from that country, said Hongkong tour operators Page 2
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    • Article
      Bleaker ties
      32 1 SINGAPORE will have a "much bleaker" relationship with Japan than it has had with the US in Asia, Senior Minister Lee Kuan Yew has told an American publication. Page 2
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    • Article
      Guangzhou consulate
      25 1 THE Australian government has opened another diplomatic post in China's Guangdong province to expand economic ties with the booming southern province Page 6
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    • Article
      US tool orders down
      32 1 ORDERS for US-made machine tools fell sharply in November, hurt by manufacturers delaying purchases until Presi-dent-elect Bill Clinton unveils his investment package and shrinking overseas demand Page 7
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    • Article
      'Thinking' robots
      33 1 A LOCAL automation machining company has teamed up with a Canadian firm to offer robots that can vacuum, work as security guards and do a host of other tasks. Page 13
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    • Article
      PortNet milestone
      27 1 THE Port of Singapore Authority's electronic link with its customers Port Net reached a milestone last month with its I,oooth subscriber Shipping Times Page 1
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  • MARKETS
    • Article
      Dow higher
      59 1 WALL STREET stocks held a slightly mixed tone in morning trading yesterday, with yearend portfolio buying providing some support but weak bonds pressuring the market. The Dow was ahead about one at 3.327 after opening a touch lower. But declining issues outpaced advances by roughly five to four.
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    • Article
      Flotation of unit
      29 1 LAND General Bhd, formerly known as General Lumber (Holdings) Bhd, plans to float its PVC manufacturing arm to raise money for its aggressive expansion Page 3
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    • Article
      Uncertain outlook
      32 1 THE Malaysian corporate sector will record better operations this year but its performance in 1993 looks uncertain, Permodalan Nasional Bhd chief executive officer Abdul Khalid Ibrahim said yesterday Page 3
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    • Article
      Petrochem project
      31 1 THAILAND'S giant Charoen Pokphand Group says it has reached a preliminary agreement with Beijing to invest in a massive petrochemicals project costing some US$3 billion (554.9 billion) Page 4
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    • Article
      Lower rates seen
      27 1 JAPAN'S short and long-term interest rates should continue to drop through 1993 due to the stagnant economy and asset deflation, analysts said Page 5
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    • Article, Illustration
      STOCK INDICES
      19 1 Monday Change BT-MGA 702.61 +3.91 Kuala Lumpur ...645.03 -1.36 Tokyo 17.188.62 -368.42 Hongkong 5,531.65 +89.64 Sydney dosed
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    • Article
      CURRENCIES
      23 1 Exchange rates US$ SS SSI.6380 100 Yen SS 1.3252 MS SS 0.6310 Money market rates Overnight 7/8 unav 3-month 2 1/8 unch
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    • Article
      COMMODITIES
      36 1 London Gold AM fix (JSSunav USS Rubber S'pore Jan 146.75 /kg +0.75 M'sia Jan 229.00*/kg 1.00 KL Tin Turnover 93tonnes 7 Spot., MS 14.53/kg +0.02 Crude palm oil Turnover l,029lots +577 Feb MS954 /tonne 8
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  • Article
    Lock icon Beijing to axe 30,000 miners in publicised mass lay-off
    212 1 Reuter BEIJING China will sack some 30,000 coal miners in 1993 in one of the first publicised mass lay-offs in Beijing's new campaign for faster economic reform, the official China Daily said yesterday. The China National Coal Corporation (CNCC), the state
    Reuter  -  212 words
  • Article
    Temasek to invest in US$40m China project
    460 1  -  Kunming resort being developed by Straits Steamship Land By Conrad Raj SINGAPORE Temasek Holdings, one of the government's two main investment arms, has been given the official go-ahead to participate in a US$4O-million (5565.6 million) holiday resort and golf course being developed by
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  • Article
    Lock icon Shenzhen economy records 30pc growth
    160 1 Reuter HONGKONG China said the economy of its Shenzhen Special Economic Zone, bordering Hongkong, had grown more than 30 per cent this year. The official Xinhua news agency said yesterday that gross national product in the zone was predicted to have leapt to 28.6 billion
    Reuter  -  160 words
  • Article
    Law exam gets higher failure rate
    385 1  -  By Ramesh Divyanathan SINGAPORE It is becoming harder to become a lawyer, judging by the results of an examination law graduates took recently. Out of 341 candidates who sat for the six-paper Postgraduate Practice Law Course (PLC) examination. 44 will have to resit at
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  • Article
    Lock icon China renews call to JTC to join in Pudong project
    361 1 Reuter SINGAPORE Chinese authorities have renewed a call for Jurong Town Corporation (JTC) to join in the development of Shanghai's huge Pudong special economic zone, a senior Chinese official said. Peng Wen-jiao, manager of state-owned developer Shanghai Jinqiao Export Processing
    Reuter  -  361 words
  • Article
    Viet firms trying to reclaim US$4.5m from Bank Summa unit
    563 1  -  From Harish Mehta in HANOI THE financial crisis engulfing Indonesia's Bank Summa has thrown its joint-venture bank in Vietnam in turmoil. Ten Vietnamese companies are clamouring to get deposits worth US$4.5 million (557.4 million) back from the bank, but the
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  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      188 1 Nikon The World's Finest Photographic System. A»craft Schedule 23 Innovation Tech 13 Sports 12 Commodities 22 Jkt/Bkk China Stocks 18 TV Radio 10 Company News 3.4 KISE 17 Unit Trusts 16 Cryptic Crossword 23 Money Changer Rates 23 Weather 23 Editorial 8 Money Market 21 Financial News 5 Regional News
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      Page 1 Advertisements Column 2
      6 1 Shenzhen passes property laws, Pg 2
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      Page 1 Advertisements Column 3
      70 1 Nikon The World s Finest Photographic System. Creditor banks may auction Astra shares held as collateral, Pg 2 Hock Lock Siew: Why Summavest is worth a second look, Page 3 The Bottom Line: Fixing Japan's economy will require wrenching changes, Back Page HUBLOT Hublot a Sensational Feeling on Your Wrist.
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  • PAGE 2 NEWS
    • Article
      Visa curbs deter Chinese from coming to S'pore
      380 2  -  Republic could attract 10 times more visitors if red tape is cut By Hong Lee Tiam HONGKONG Singapore could attract up to 10 times more tourists from China in the next few years if it eases current visa restrictions on travellers from
      380 words
    • Article
      Lock icon Shenzhen passes property laws
      128 2 AFP HONGKONG The legislature of China's most prosperous special economic zone of Shenzhen has, for the first time, passed laws governing its property markets, it was reported yesterday. The two regulations on property registration and leasing were the first to be passed by the legislature after
      AFP  -  128 words
    • Article
      Lock icon Malaysia records trade surplus for the fifth month
      392 2 Bernama KUALA LUMPUR Malaysia recorded a trade surplus of M 5563 million (***** million) in September, the fifth consecutive monthly surplus this year, compared with a Ms3B million deficit for the same month last year. The Department of Statistics yesterday said the
      Bernama  -  392 words
    • Article
      Lock icon Japan's current account surplus up 48pc in November
      326 2 AFP Reuter TOKYO Japan's snowballing current account surplus, the target of foreign criticism, soared 48.1 per cent from a year earlier to US$lO.4 billion (SSI 7 billion) in November, the Finance Ministry said yesterday. "It could be a political issue in bilateral
      AFP; Reuter  -  326 words
    • Article, Illustration
      Seoul relieved
      44 2 SEOUL After a year of political uncertainty- and economic difficulties, floor traders at the Korea Exchange threw stock slips into the air yesterday to celebrate the last day of trading for 1992. The Composite Stock Index closed 6.97 points lower at 680.96.
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    • Article
      Lock icon Creditor banks may auction Astra shares held as collateral
      425 2 Reuter JAKARTA A consortium of Indonesian banks may auction the 100 million PT Astra International shares it holds as collateral after a default on loans pledged by the family owners of Astra, said Jusuf Arbianto. a director of Bank Danamon, yesterday.
      Reuter  -  425 words
    • Article, Illustration
      Our ties with Japan will be bleaker than with US: Lee
      428 2  -  Asia has a vested interest in a US recovery, says SM By Chuang Peck Ming SINGAPORE Singapore will have a "much bleaker" relationship with Japan than it has had with the US in Asia, Senior Minister Lee Kuan Yew
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    • Article
      Cockpit Hotel owner plans M$30m Malaccan golf course
      375 2  -  By Helen Chang SINGAPORE Cockpit Hotel's Tco Lay Swee hopes to ride Malaysia's growing tourism market with plans to build a Ms3o million (5518.9 million) golf course in Malacca. Located just outside the city, the 160-acre course will form part of a
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    • Article
      Creative Tech files petition to remove injunction
      266 2  -  By Joseph Rajendran SINGAPORE Creative Technology has petitioned; the Singapore High Court (flfc remove an injunction front* local computer group AVS. A source from Creative, the world leader in sound cards for personal computers, said the company hopes to get a hearing before
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      112 2 WHAT'S THE DIFFERENCE BETWEEN THEIR ACHIEVERS AND YOUR tJ? SALESPERSONS? ANSW€fI: 2 DftVS FOR THE FIRST TIME Come and listen to 10 world-class sales experts in a single convention, the biggest of its kind in S. E. A 0 CLOSING TECHNIQUES- THE SECRET OF TURNING PROFESSIONAL SELLINO-OETTINO AHEAD AND OBJECTIONS
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  • COMPANY NEWS 1
    • Article, Illustration
      Land & General planning to float PVC-making arm
      543 3  - Land General planning to float PVC-making arm By Sylvia Wong SINGAPORE Land General Bhd, formerly known as General Lumber (Holdings) Bhd, plans to float its PVC manufacturing arm to raise money for its aggressive expansion. About US$lOO million (S$ 164 million) will be needed to build a new PVC plant
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    • Article
      Lock icon Uncertain outlook for M'sian corporate sector
      292 3 Bernama KUALA LUMPUR The local corporate sector will record better operations this year but its performance in 1993 looks uncertain, Permodalan Nasional Bhd Chief Executive Officer Abdul Khalid Ibrahim said yesterday. He said early indications showed that the local corporate sector would continue to
      Bernama  -  292 words
    • Article
      Another S Korean trust lists on SES today
      299 3  -  By Moiz Tyebally SINGAPORE A second South Korean trust will be listed on the Stock Exchange of Singapore today. Called the Greater Korea Trust, it is a vehicle for nonKorean residents to invest in the securities market of South Korea. According to
      299 words
    • Article
      Why Summavest is worth a second look
      718 3  -  THE HOCK LOCK SIEW COLUMN By R Sivanithy SINGAPORE Stock market investors searching for year-end bargains must have noticed the renewed interest in. Summa Investments, the local vehicle of Indonesia's debt-ridden Summa Group. Amid rumours of an impending takeover, Summavest was one of
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    • Article
      Lock icon Decision on MMC, Guthrie merger to be made in mid '93
      193 3 Reuter KUALA LUMPUR A decision on a proposed merger between Malaysia Mining Corp Bhd and Kumpulan Guthrie Bhd will be made by the middle of next year, said a senior official of their controlling shareholder, stateowned investment agency Permodalan
      Reuter  -  193 words
    • Article
      Revaluation of assets gave $450m surplus, F&N tells SES
      200 3 SINGAPORE Eraser and Neave l td said yesterday that it was a revaluation of the underlying net tangible assets of its subsidiaries that threw up a surplus of $454 million. The company was responding to queries from the Stock Exchange of
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    • COMPANY BRIEFS
      • Article
        KL Kepong posts 31pc rise in pre-tax profits
        65 3 KUALA LUMPUR Kuala Lumpur Kepong Bhd recorded a 30.8 per cent jump in group pre-tax profits to MS 111 .77 million (5571.53 million) for the year ended Sep 30, 1992, from M 585.46 million previously. Turnover edged up to M 5441.60 million,
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      • Article
        Asiatic Devt in Johor venture
        60 3 KUALA LUMPUR Asiatic Development Bhd will develop 125.2 hectares of land in Batu Pahat into an industrial estate, in a joint venture with the Johor State Economic Development Corporation, the company announced yesterday. Asiatic said in a statement that the development cost for the land,
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      • Article
        Moblex-UIC stake sale gets nod
        50 3 SINGAPORE United Industrial Corp shareholders approved the sale of its investments in Moblex-UIC Ltd and Relax Beach Co Ltd at an extraordinary general meeting yesterday. The completion of the sale of its entire 49 per cent stake in Moblex-UIC is expected to take place today.
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      • Article
        GenSec's $2.21 NTA per share
        27 3 SINGAPORE General Securities Investments Ltd said it had unaudited consolidated net tangible asset backing per share of 52.21 as of Nov 30.
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      • Article
        Mitsui gets M-T Cable contract
        55 3 KUALA LUMPUR Telekom Malaysia Bhd and the Communication Authority of Thailand yesterday concluded a US$77 million (S$ 126.8 million) contract with Mitsui Co Ltd of Japan to install an optical fibre submarine cable system linking Malaysia and Thailand. The M-T Cable project is scheduled to
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    • Article
      EML expects to net $1m profit in first 13 months
      298 3  -  By William Chia SINGAPORE Electro Magnetics (1992) Ltd, which has acquired all the assets and operations of troubled video cassette maker Electro Magnetic (S) Ltd, has forecast group net earnings of $1.06 million in its first 13 months of operations,
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    • COMPANY BRIEFS
      • Article
        Shenzhen approves 12 new stock listings
        61 4 HONGKONG Authorities in the Shenzhen Special Economic Zone have approved new listings for seven local companies and five from other provinces on the city's stock market, the China News Service reported yesterday. "In the past 11 months, we have completed converting 80 enterprises into
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      • Article
        Cosmo Securities suspended
        91 4 TOKYO The Ministry of Finance said yesterday that Cosmo Securities Co Ltd would temporarily curb its business as punishment for securities violations. Cosmo will suspend business at two corporate divisions of a Tokyo branch from Jan 11 to 18, and refrain from trading in convertible bonds for
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      • Article
        Osaka brokers eye vacant seat
        89 4 TOKYO The Tokyo Stock Exchange yesterday declined to comment on a newspaper report that two brokerages based in Osaka were applying for the membership given up by County Nat West Securities Ltd, the brokerage arm of Britain's National Westminster Bank pic. County Natwest decided earlier
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      • Article
        Kawasaki unit to be upgraded
        82 4 TOKYO California Steel Industries Inc (CSI) of the US, a 50-50 venture by Japan's Kawasaki Steel Corp and Brazil's Rio Doce Ltd, will spend about US$35 million (5557.3 million) to renovate part of its steelmaking facility. CSI has placed a turnkey order with a group
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      • Article
        Seoul's Yukong to raise output
        78 4 SEOUL South Korea's Yukong Oxichemical Ltd. a whol-ly-owned subsidiary of Yukong Ltd, said yesterday it planned to spend a total of 150 billion won (*****.1 million) to increase its production capacity of propylene oxide to 175,000 tonnes a year by 1996 from 1(X),000 tonnes at
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      • Article
        Chinon, Honeywell settle suit
        78 4 TOKYO Chinon Industries Inc and Honeywell Inc have compromised in a suit Honeywell brought against Chinon in September, Chinon said. In the suit, Honeywell alleged Chinon had infringed its patents for automatic focus technology used in cameras. Chinon said it would pay Honeywell U554.75 million for
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    • Article
      Lock icon Business booms on Baghdad bourse despite UN sanctions
      556 4 Reuter BAGHDAD Business is booming on Baghdad's stock exchange, where dealers say many Iraqis have money to bum despite UN economic sanctions. "Really, we need more space," complained Rafidain Bank broker Faiq al-Obaidy, surveying customers thronging the edge of the bustling trading
      Reuter  -  556 words
    • Article
      Lock icon CP gets nod for China petrochem project
      359 4 AFP BANGKOK Thailand's giant Charoen Pokphand Group (CP) says it has reached a preliminary agreement with Beijing to invest in a massive petrochemicals project costing some USS3 billion (554.92 billion). In an interview published in the Bangkok Post yesterday, CP chairman Dhanin Chearavanont
      AFP  -  359 words
    • Article
      Lock icon January listing for Shanghai company
      319 4 SRC's B share issue is exchange's last offering for 1992 Sunday Morning Post HONGKONG Shanghai's last B share issue this year, by Shanghai Refrigerator Compressor Co (SRC), will be listed next month. "We have promised the underwriters that the B share will be listed on
      Sunday Morning Post  -  319 words
    • Article, Illustration
      Top Thai, Filipino firms to discuss joint ventures
      416 4  -  From Al Labita in MANILA TOP Thai and Filipino companies will meet in Manila in January to forge joint ventures to produce globally competitive products. Trade and Industry Secretary Rizalino Navarro said over the weekend. The meeting, to be hosted by the
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    • Article
      Lock icon Daewoo to invest in region to head off rising costs
      349 4 South China Morning Post HONGKONG South Korean giant Daewoo, whose Hongkong operation recently raised US$6O million (5598.3 million) in bank loans, is to plough new investment into China and throughout the region in a bid to head off rising costs
      South China Morning Post  -  349 words
    • Article
      Lock icon HK stock market set for strong 1993
      677 4 MARKET WATCH But Beijing's plans may cloud prospects" Reuter HONGKONG The bruised but unbowed stock market should prosper next year, even as Britain and China row over the colony's political future, but a new cloud is gathering over the mainland to haunt investors.
      Reuter  -  677 words
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      Page 3 Advertisements Column 1
      192 3 3 0 y| M/*| PUT Your ■W VS Key In ur B At the Omni Marco Polo Hotel, I B we d like to take this opportunity to wish everyone a very Merry Christmas with friends and family. We hope you the making and the fun of Christmas and VV
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      78 4 Ii Bm MBB E V jji j|||k ijP ;It Newspapers The Straits T f Business Times, LianHe Zao Bao, I Benta Han an, Berita Mmggu. The New Paper, Friday Weekly. including LianHe Wan Bao SNn Min Daily News on tha same day! Magaz/ne* GO, Her World, Young Parents. Singapore Business,
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      Page 4 Advertisements Column 2
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  • FINANCIAL NEWS
    • Article
      Lock icon Japan's interest rates seen falling due to slump
      572 5 Effects of govt's economic package may only be short-lived: analysts Reuter TOKYO Japan's short and long-term interest rates should continue to drop through 1993 due to the stagnant economy and asset deflation, analysts said. The government's 10.7 trillion yen (S$ 141.8 billion)
      Reuter  -  572 words
    • Article
      Lock icon No reason to change parity between franc and mark: Bundesbank
      309 5 Reuter PARIS Bundesbank VicePresident Hans Tietmeyer said there is no reason to change the parity between the mark and the French franc. In an interview with French daily Le Quotidien de Paris, Mr Tietmeyer said the recent pressure on the
      Reuter  -  309 words
    • Article
      Lock icon Tokyo sets schedule for bank deposit reforms
      254 5 Reuter TOKYO The Ministry of Finance (MOF) said it will allow banks to introduce floating-rate deposits for the first time, and also fixed-rate term deposits of up to four years from the present three year limit, starting next October. The reform of bank
      Reuter  -  254 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      382 5 This advertisement appears as a matter of record only December 1992 U5520,000,000 GREATER KOREA TRUST (a securities investment trust established under the laws of the Republic of Korea) Managed By KOREA INVESTMENT TRUST CO., LTD Placing of 2,000,000 units of a total of 5,000,000 units evidenced by Beneficial Certificates at
      382 words
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  • THE REGION
    • NOTE BOOK
      • Article
        HK trade deficit higher in first 11 months
        120 6 HONGKONG Hongkong's trade deficit stood at HKS26.I billion (555.5 billion) in the first 11 months of this year after a surge in imports, according to figures released yesterday. The figure compared with a deficit of HKSIO.9 billion in the first 11 months
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      • Article
        Thai aid sought in peace process
        76 6 BANGKOK The leader of a moderate faction in the Cambodian transitional government yesterday appealed to Thailand to help bring the hard-line Khmer Rouge back into the faltering Cambodian peace process. Thai officials said Son Sann, head of a small non-communist faction, one of the
        76 words
      • Article
        Tokyo grants loan to Bangkok
        76 6 BANGKOK Japan has extended an 18.6-billion-baht (S$ 1.2 billion) loan to Thailand to finance the country's basic infrastructure, improvement of water supply and environmental projects, the Bangkok Post has reported. The loan is part of Japan's Official Development Assistance (ODA) loan scheme to Thailand and
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      • Article
        Asean environmental laws
        53 6 KUALA LUMPUR Asean, with an agreement on having uniform drug laws already signed, is now working on having uniform environmental laws, Asean Inter-Parliamentary Organisation (Aipo) president Mohamad Zahir Ismail said yesterday. He said Asean nations had agreed to a proposal on this matter and details were now
        53 words
      • Article
        Ramos to visit China: report
        59 6 MANILA Philippine President Fidel Ramos plans to visit China in the spring next year, a Manila newspaper said yesterday, quoting official sources. The Times Journal quoted unnamed Foreign Department sources as saying he would visit Beijing from April 27 to May 2. Presidential Palace and
        59 words
      • Article
        Thai scheme to help HIV kids
        79 6 BANGK.OK The Thai Interior and Public Health ministries have set up a support programme to help children abandoned by mothers with the HIV virus. The scheme involves the Welfare Department taking in the orphaned children. They will be looked after in temporary centres before
        79 words
    • Article
      Lock icon Sri Lanka weathers drought, weak investment
      501 6 But expected election could slow economic growth Reuter COLOMBO Sri Lanka's economy did well this year, in spite of a drought affecting crops and a low-key stock market that dampened investment, but analysts said yesterday that a possible presidential election next year could slow
      Reuter  -  501 words
    • Article
      Lock icon Taiwan to increase Indon fuel imports
      196 6 AFP TAIPEI Taiwan will boost imports of liquified natural gas (LNG), oil and coal from Indonesia to meet growing domestic demand, officials said yesterday. In an agreement made by Economic Minister Vincent Siew and Indonesian officials, the state-run Chinese Petroleum Corp (CPC) would increase
      AFP  -  196 words
    • Article
      Lock icon Jakarta ready to face UN vote over E Timor: Alatas
      265 6 AFP, Reuter JAKARTA Indonesia is fully prepared to settle the East Timor issue at the international level, including a vote in the United Nations, Foreign Minister Ali Alatas said yesterday. He said after a meeting with President Suharto that Indonesia
      AFP,; Reuter  -  265 words
    • Article
      Australia opens consulate in Guangzhou
      325 6  -  By Schutz Lee SINGAPORE The Australian government has opened another diplomatic post in China's Guangdong province to expand economic ties with the booming southern province. Australia has formally opened a consulate in Guangzhou city. Australia's Parliamentary Secretary for Foreign Affairs and Trade Stephen Martin was
      325 words
    • Article
      Lock icon Thai petroleum agency in Chinese venture
      154 6 Knight-Ridder BANGKOK The Petroleum Authority of Thailand is planning a venture in China's petroleum industry as part of its foreign investment plan, according to yesterday's edition of the Bangkok Post. A delegation led by PTT governor Luen Krisnakri had returned from China, where talks
      Knight-Ridder  -  154 words
    • Article
      Thai state banks to distribute funds
      615 6 Loans to be channelled from the metropolitan area to provinces BANGKOK The Thai government has decided to use state-owned banks as instruments to distribute funds from the metropolitan area to the provinces, according to a report in the Bangkok Post. The paper quoted Finance
      615 words
    • Article, Illustration
      Lock icon Philippine communist leader voices doubts about peace talks
      392 6 AFP MANILA A senior leader of the communist insurgents yesterday expressed doubts about the prospects of the Philippine government's attempts to seal a peace agreement with the leftist rebels. Satur Ocampo, alleged head of the National Democratic Front (NDF), the insurgents' political
      AFP  -  392 words
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      Page 6 Advertisements Column 1
      87 6 FOR SUCCESSFUL MANAGEMENT OF YOURBUfINESS Stories on labour and its relationship with management, management concepts in practice, profiles of leading managers in Singapore and relevant book reviews. ENTERPRISE MANAGEMENT, in Business Times every Monday, is must reading for managers who want the competitive edge. Plus an occasional look at successful
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  • THE WORLD
    • Article
      Lock icon US machine tool orders down 22pc in November
      351 7 Purchases delayed ahead of Clinton's economic plan Reuter WASHINGTON Orders for US-made machine tools fell sharply in November, hurt by manufacturers delaying purchases until Presidentelect Bill Clinton unveils his investment package and shrinking overseas demand. The Association for Manufacturing Technology said yesterday
      Reuter  -  351 words
    • Article, Illustration
      Lock icon Caribbean states fear impact of Nafta on trade with US
      429 7 NYT NEW YORK US Presi-dent-elect Bill Clinton has sought to allay fears that America's special relationship with the Caribbean will be crippled by expanding ties with Mexico. "I have no intention of withdrawing from our historic commitments or our unique
      NYT  -  429 words
    • Article
      Lock icon Baby boomers buying toys — for themselves
      673 7 Baby boomers buying toys for themselves Trend seen as bid to escape stress at work NYT NEW YORK Many children in the US are confronting a new frustration. Their parents are buying toys for themselves. More and more adults are joining a trend that toy makers and students of pop
      NYT  -  673 words
    • Article
      Lock icon Zero growth forecasts for Bonn optimistic, says govt adviser
      246 7 Reuter FRANKFURT Forecasts of zero economic growth in west Germany next year could prove optimistic, according to a leading economic adviser to the Bonn government. "The assumption of zero growth is an optimistic view," Herbert Hax, chairman of the government's independent
      Reuter  -  246 words
    • Article
      Lock icon Kidnappings, political unrest scaring investors away from Sind
      509 7 Reuter KARACHI The tax breaks are attractive but not sufficient to offset the dangers from bandits, kidnapping and political unrest that deter industrial investors in Pakistan's southern province of Sind. analysts say. In the Nooriabad Industrial Area, 80 km east of Karachi,
      Reuter  -  509 words
    • WORLD WATCH
      • Article
        Kim may take Korean nuclear dispute to UN
        80 7 SEOUL South Korean President-elect Kim Young Sam yesterday said his new administration may ask the United Nations Security Council to help solve inter-Korea disputes over nuclear inspections. "If the issue continues to remain unsolved, we should take it to the UN Security
        80 words
      • Article, Illustration
        Chung to stay in politics
        91 7 SEOUL Chung Ju Yung (right), the billionaire founder of South Korea's Hyundai group who lost a recent third-party presidential bid. yesterday announced he would dedicate the rest of his life to politics but declined to commit his personal fortune. Visiting the headquarters of his United
        91 words
      • Article
        Chinese recognition
        56 7 BEIJING China is to rccognise the Czech and Slovak republics on Jan 1, when the two are to become sovereign, the Foreign Ministry said yesterday. A senior ministry official was quoted by the Xinhua news agency as saying that Beijing would have embassies in each republic's capital, one
        56 words
      • Article
        UN chief seeks help for Africa
        56 7 GENEVA United Nations secretary-general Boutros Bou-tros-Ghali has called for cuts in the external debt of African states to attract private investment to the poorest continent. Addressing a new think-tank of experts on African development. he said three issues had to be tackled afresh external
        56 words
      • Article
        Last link in relief network
        70 7 MOGADISHU Some 400 US and Canadian troops landed in the north central bush town of Belet Uen yesterday, securing the last link in a humanitarian aid network to feed Somalia's starving people. Chief Warrant Officer Eric Carlson said the 200 US Marines and 200 Canadian
        70 words
      • Article
        Violence in Kenyan campaign
        85 7 NAIROBI Violence marred the end of the campaign for Kenya's first multi-party elections in 26 years today as fighting disrupted weekend rallies around the country. More than two thousand election officials took to the streets of the Indian Ocean coastal town of Mombasa last Sunday threatening
        85 words
    • Article
      Lock icon Hard times ahead for Czechs, Slovaks
      534 7 Economies of new states expected to decline after separation on Jan 1 Reuter PRAGUE Czechs and Slovaks, citizens of separate states after the break-up of Czechoslovakia, are in for rough economic times. Even the most optimistic proponents of divorce after 74 years of marriage
      Reuter  -  534 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      207 7 A Feast That's Out Of This World, Need Not Cost The Earth. COLD DISH DELL X 1 FTV'E-COMBLNATION COLD DISH FOUR-VARIETY HOR DOEUVRE BRAISED SHARK'S FIN WITH CRAB MEAT BRAISED SUPERIOR SHARK'S FIN SUPERIOR SHARK'S FIN IN CLEAR SOUP ROAST SUCKLING PIG ROAST SUCKLING PIG ROAST SUCKLING PIG DEEP-FRIED'SOON HOCK'
      207 words
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  • Article
    Clinton's trade musician
    479 8 EDITORIAL THE most striking thing about US Presi-dent-elect Bill Clinton's Cabinet, the New York limes said last week, was "not so much the jobs he has assigned others, but rather the jobs he has reserved for himself'. Make no mistake, the youthful Democrat who will occupy the
    479 words
  • WHAT THE OTHERS SAY
    • Article
      Sino-Russian ties firm up
      267 8 BEIJING'S efforts to restore close ties with Moscow Finally made headway when Russian President Boris Yeltsin visited China recently. Fears that Mr Yeltsin's anti-communist and pro-West tendencies would restrict bilateral ties have largely been laid to rest. Relations with China, Mr Yeltsin said, would occupy a
      267 words
    • Article
      South Koreans' choice
      116 8 FOR the first time in years. South Korea will be led by a civilian president Mr Kim Young Sam, who emerged the most popular choice in the recent presidential election. The election was regarded as the most bitter battle between two Kims the other being Mr Kim
      116 words
    • Article
      Chinese foreign policy
      109 8 TWO major events concerning China's foreign affairs took place last week. The first was Beijing's request that France close its consulate in Guangzhou within a month. The second concerned Washington's announcement that it would send to China military equipment already paid for but put in storage as
      109 words
  • REGIONAL VIEWPOINTS
    • Article
      A challenge for the West
      170 8 THE Western countries which pinned their hopes on the Serb election for even a faint improvement of the situation in Bosnia-Herzegovina are clearly upset by the victory of Serb President Slobodan Milosevic, who is widely accused of instigating the dirty war in the former Yugoslavia.
      170 words
    • Article
      A prayer for Bosnians
      122 8 THERE is no reason to rejoice in beleaguered Bos-nia-Herzegovina. The death toll has exceeded 150,000 while 1.6 million are homeless. What is left of the Bosnian population (the pre-war population was 4.4 million) is mustering all its strength to survive the harsh winter without electricity, running
      122 words
    • Article
      Towards equality
      180 8 AFTER decades of screaming, struggling, squabbling and lobbying against discrimination, the faint but determined voice of Thai women has finally been heard and their demands heeded. The recent recommendation by the Local Administration Department to the Interior Ministry to abolish a draconian and discriminatory regulation which bans women
      180 words
  • Article
    Friends again?
    1208 8  -  Vietnam and Thailand last week signed two key economic pacts and pledged to improve their often troubled relations. But do these gestures mean that the historic rivalry between them has ended? Harish Mehta reports from Hanoi Harish Mehta AS WINTER rainclouds gather over Hanoi and the December cold
    1,208 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      266 8 From January 1, when you call us at SPH, whether to make an II ad booking or for enquiries, you need not bother about the M 1 II phone charges. Simply add 1800, followed by the usual seven 11 I I digit numbers, and we will bear the charges. No
      266 words
  • Page 8 Miscellaneous
    • Miscellaneous
      Page 8 Miscellaneous Column 1
      50 8 POONESBURY GARRY TRUDEAU OKAX L£TS CHECKOUT ANOTHER "ARB THERE ANY PLANS TO tmrrA,, -tupREADER ISTTER FROM THE RELOCATE THE STRIP* JUST UM.-MU, NX, OL-'MAIL SILO 1 'CZAR GUYS CURIOUS. S/NCEREUf, NX., THAVS SORT OF A HOCU UIIU* THE NEW NORTH SANTA FB, NSW MEXICO-' ANAUKUJARP fj. AMBR/CAN TRACE A6REEMBNT j
      50 words
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  • ANALYSIS
    • Article
      Lock icon Making money at school
      1073 9  -  Some schools in China are no longer restricting themselves to merely teaching the three Rs: they're also going into business, as Sheryl WuDunn discovers Sheryl WuDunn NYT PENG Wenvi, a Shanghai highschool principal, worries about absenteeism, lesson plans and his pupils' test scores. But these days,
      NYT  -  1,073 words
    • Article, Illustration
      Farewell to frontiers
      1137 9  -  As the European Community prepares to become a single market on Jan 1, Neville Stack examines the significance of this momentous event Neville Stack The writer is a I k-based journalist who contributed this comment to H I ON THE last second of 1992, the leaders of
      1,137 words
    • Article, Illustration
      Lock icon A house still under construction
      867 9  -  Despite all the accomplishments, the European Single Market is not yet complete, writes Tom Redburn Tom Redburn IHT RICCARDO Perissich, the man who heads the EC Commission's immense bureaucratic effort to bring the European Single Market to life, will not be present at the creation.
      IHT  -  867 words
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  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      985 10 Nothing Beats A Bud. where to wine, dine OF r^scrt e£ (everyday and j a little more %w 7 I on Tuesdays I Br vour Ksl mi>K-havi»>ur I this fun puK Prink Jt naughty c«H'ktail, join in the sessions or dancc the ni);ht aw ay. What's mori, it's Ladies Ni^t
      985 words
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      Page 10 Advertisements Column 2
      239 10 Guess who's birder jfan Santa this Chrisimas We serve the world to you at Top of the M B C //ar (6m/> UJ tt ib'rUtimdemmr, HI Orchard «o*3 S.r«*>orr o»2 i T«l 7174«tl fO" r 9 9 Trcal yourself to mouth-watering Local Food at Calc Excclsior. > Qioosc from an
      239 words
  • Page 10 Miscellaneous
    • Miscellaneous
      Page 10 Miscellaneous Column 1
      644 10 TELEVISION AND RADIO nnHpr sbci 2 7M business on mq 11 UllUti 7.2S MQfajggdk,!* 7J# M) j-jjj BBC. 88.9 mHz in VHF Band H 8.00 A Brush with Art With \l- 750 Video Hits (Stereo). 630 Reasons Behind Quranic Reve- 7.05 am, 5.05pm, 1.05 am: World > uyn Cranshaw. 800
      644 words
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  • LIFESTYLE
    • Article, Illustration
      Lock icon Flirting with death again
      875 11  -  Film director Peter Greenaway's latest project may be an exhibition of drawings on flying but there's no getting away from his preoccupation with mortality, reports Andrew Gumoel Andrew Gumbel Reuter SO STRONG is the stench of death in Peter Greenaway's work as a film director that
      Reuter  -  875 words
    • Article, Illustration
      Lock icon Russians enter high-tech consumer age
      621 11 Reuter THEY eat pizza, drink espresso coffee, go to boutiques, read Russian editions of Paris Match magazine and the New York Times. They check the international markets in the pinkpaged Financial Izvestia. The "New Soviet Man", who for decades stared square-jawed from communist propaganda posters,
      Reuter  -  621 words
    • Article, Illustration
      Major may ask Parliament to change church law
      642 11 CHATTERBOX BRITISH Prime Minister John Major is ready to ask Parliament to change the law so that Prince Charles could re-marry in the Church of England if he divorced his estranged wife Princess Diana, the Daily Express said yesterday. The newspaper said
      642 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      247 11 AND ENTERTAIN *tlew ffew's- Cve- Class-ics-Welcome the New Year at the Hubertus Gri11..... and enjoy our reputation for providing the traditional classics. Gala Dinner Dance $165 per person 8 pm to 1 am ANA HOTEL For reservations, please call SINGAPORE 732-1222 extension 1700 s*»g«por«K»s w«r« m> m DOiN'T BE A
      247 words
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  • SPORTS
    • SIDE LINES
      • Article
        Gao Min retires from springboard diving
        120 12 BEIJING Gao Min, China's two-time Olympic women's springboard diving champion, has announced her retirement and sold one of her many gold medals for US$ 135,000 (*****.000), the official Xinhua news agency said yesterday. The 22-year-old diver, one of the most famous of China's crop
        120 words
      • Article
        Endeavour extends lead
        129 12 HOBART, Australia Gale force winds and rising seas hit the Sydney-to-Hobart yacht fleet in the Bass Strait early yesterday as race favourite New Zealand Endeavour extended its commanding lead. The hi-tech New Zealand Endeavour has completed 385 miles of the 630-nautical mile race, holding a 34-mile lead
        129 words
      • Article
        Canada still unbeaten
        63 12 GAVLE, Sweden Canada rallied twice from one-goal deficits and held on to beat Sweden 5-4 on Sunday to stay unbeaten in the World Junior Ice Hockey Championship. In other games on Sunday, Czechoslovakia handed the United States its second loss, 6-5; Russia shut out Germany 4-0; and
        63 words
      • Article
        Aussies in command
        87 12 MELBOURNE Australia's pace bowlers ripped through the West Indies batting line-up to reinforce their side's command of the second cricket Test yesterday. At stumps on the third day, Australia were 26 for one in their second innings, an overall lead of 188 with nine wickets in hand
        87 words
    • Article
      Lock icon A year of laughter and tears for Floyd
      529 12 AP MIAMI It was Raymond Floyd's best year, and it was his worst. The 50-year-old golf pro's six-bedroom home on an exclusive island north of Miami was destroyed by fire in February. But Floyd rose to the occasion 2 1-2 weeks later.
      AP  -  529 words
    • Article, Illustration
      Lock icon Some stunners and shockers
      1646 12 NYT IN A sports year of controversy and contradiction, the celebrations often had reverberations. Some selfish, some stunning, some sad. At the Summer Olympics, basketball's Dream Team turned the tournament into a layup drill, but on the goldmedal stand Michael Jordan, apparently more interested in representing
      NYT  -  1,646 words
    • Article
      Lock icon Washington Redskins sneak into playoffs
      196 12 NYT NEW YORK The Washington Redskins, who wound up the season with consecutive losses and then sat out the final on Sunday, avoided becoming another Super Bowl champion to miss the playoffs the following season. Although the Redskins were upset by the Raiders in their
      NYT  -  196 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      57 12 rn The Straits Times/Chase Manhattan Crossword Puzzle Contest Four return air tickets to New York nuist be won! f I Ur You could be one of four lucky readers to win a return air ticket to New York in jm J M conjunction with Images '92, a special feature. Get
      57 words
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  • INNOVATION & TECHNOLOGY
    • Article, Illustration
      'Thinking' robots offering a little domestic help
      561 13  -  Tired of vacuuming? A Singapore-Canadian tie-up has the answer, says Helen Chang Helen Chang A local automa-tion-machining company is taking Singapore one step closer to the world of Star Wars' R2D2 robots. Excel Advanced Technology Pte has teamed up with a Canadian firm
      561 words
    • Article, Illustration
      Lock icon Self-service for US shoppers in the future
      640 13  -  Julie Vorman reports on unmanned check-out machines Julie Vorman Reuter FIRST it was self-ser-vice petrol. Then came bank teller machines. And in the not-too-distant future, American shoppers will probably be ringing up their own groceries at automated check-out counters. Uniquest Inc, a small
      Reuter  -  640 words
    • Article
      Software firms emphasise service
      248 13  -  By Helen Chang G(K)D customer service will play an increasingly important role in selling software products as the market shifts from emphasising hardware to software, US software companies said. In the past, hardware was the area of competition, with software largely dependent on their sales. But
      248 words
    • TECHTAKES
      • Article
        Sharp-Roxy launches new electronic organiser
        99 13 SINGAPORE Sharp-Roxy Sales (Singapore) has launched its IQ9OOO Pen IQ. a sophisticated electronic organiser. The palm-sized computer is driven by graphics, making it easy to use. The product also has a touch-screen, which lets the user have access to ditYerent types of information using a
        99 words
      • Article
        Quantum names A-P president
        88 13 SINGAPORE US disk drive maker Quantum Corp has appointed Young K Sohn as president and managing director of the company's Asia-Pacific operations. Mr Sohn, aged 36, will be responsible for sales, marketing and service functions from Jan 4. He will manage the company's subsidiaries in Singapore,
        88 words
      • Article
        Asea Brown Boveri's new system
        75 13 SINGAPORE Asea Brown Boveri has introduced its Linkman system, a computer software control system for cement and related process industries. The system, designed for operators and engineers, displays flow diagrams and help them control the processes involved. The multi-coloured symbols and text displays are shown
        75 words
      • Article
        Hitachi, TI may extend alliance
        72 13 TOKYO Hitachi Ltd and Texas Instruments Inc are discussing an extension of their memory chip alliance to a future generation of chips capable of holding 256 million bits of information, a spokesman at Tl's Japan unit said. A year ago. the companies extended their co-operation
        72 words
      • Article
        WordPerfect may seek listing
        91 13 OREM. Utah WordPerfect Corp. one of the US' leading software producers, is planning to go public with a stock offering that may raise as much as US$25O million (SS4IO million), an industry publication reported. However, WordPerfect. the country's leading marketer of word-processing programs for personal computers,
        91 words
    • Article
      Price war will change the way OEMs work: Seagate
      445 13  -  Claire Leow on how they may react to being squeezed Claire Leow THE smaller personal computer companies which have traditionally made products bearing their clients' brand names will change to meet new demands. predicts Dave Drennan, vice-president for sales and marketing
      445 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      115 13 WE VE JUST ADDED Get more value for your money when business leads 4 h. you to Manila! For the price of a business class 01? P V ATT TP I 0 ticket, you can fly in the spacious comfort of our XIL/UIJ lv Mabuhay Class and stay in one
      115 words
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  • STOCK EXCHANGE OF SINGAPORE 1
    • Article, Illustration
      Buyers hope market will match regional bourses
      3945 14  -  By Paul Leo TRADERS picked up blue chips yesterday in expectations that the local market would keep pace with regional exchanges in the new year. Blue-chip buying pushed the benchmark Straits Times Industrials Index to 1.503.68 at the close, up 14.78 points from
      3,945 words
    • Article, Illustration
      Lock icon HOTSTOCK
      82 14  -  Paul Leo VAN DER HORST surged 65 per cent to $1.37 from the year's low of 83 cents in September and a correction will take place soon. Weekly and daily stochastics at 100 indicate an overbought condition. Weekly RSI above 75 also indicates an overbought situation and the stock
      SOURCE: BRIDGE INFO  -  82 words
  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      63 14 Singapore: T H f HOI R GLASS Lucky Plaza Tel *****21V1 Scolls Tel. *****27/7198 Centrepoint Tel. *****98/603 Peninsula Plaza Tel. *****09/*****63 Tw. Palais Renaissance Tel. *****62/543 Raffles Tel *****41 Indonesia: THE HOUR GLASS (Licensee) Plaza Indonesia. Jakarta lei 21-*****6/*****1 jgj Malaysia: THE HOUR GLASS Lot 10 Centre. Kuala Lumpur Tel.
      63 words
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  • Article
    STOCK EXCHANGE OF SINGAPORE 2
    3139 15 FAN 1140 40 +3.6% SPII Foreign 1550 30 +2.0% Inchcape 50c 600 20 +3.4% (K'BC Foreign 1240 +20 +1.6% SLA Foreign 1830 20 +1.1% C&CWi 370 +16 4.5% (lipsal 60c IJSS 400 +10 2.6% Roth Inds 50c 550 +15 +2.8% C old Store 50c 271
    3,139 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      44 15 With over 170 million cards honoured at over 10 million establishments, MasterCard puts the whole world in your hands. And it gives you easy access to cash at 300,000 bank brancMi"^pl^ and ATMs worldwide. I M YOU'VE GOT THE WHOLE WORLD IN YOUR HANDS
      44 words
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  • Article
    STOCK EXCHANGE OF SINGAPORE 3
    3349 16 Dunlop Est 560 +25 +4.7% Hexza Corpn 50c 84.5 +8.5 +11.2% GIL USS0.10 138 +4 +3 0% Dunlop Est CULS 486 +6 1.2% Guinness 50c 267 +4 1.5% Tongkah Hldgs 113 f3 +2.7% MAA 80 +2 +2.6% MCB Hldgs 50c 80+2 +2.6% MTC 78c 220
    3,349 words
  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      1005 16 Toll free Tel No 737 0Q43 Fax No; 734 3698 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF CHYESIN MARINE TRADING PTE LTD (MEMBERS' VOLUNTARY WINDING-UP) At the Extraordinary General Meeting of CHYESIN MARINE TRADING PTE LTD duly convened and held at 10 Jalan
      1,005 words
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      Page 16 Advertisements Column 2
      191 16 NOTICE WEE CO PTE LTD (In voluntary liquidation) Notice is hereby given pursuant to Section 308(2) of the Companies Act, Cap. 50 that the Final Meeting of members of the abovenamed company will be held at the office of Chia. Wong Partners. 135 Middle Road. #05-13/14 By lands Building. S
      191 words
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  • KUALA LUMPUR STOCK EXCHANGE
    • Article, Illustration
      Lock icon Absence of fresh leads keeps investors away
      5574 17 Bernama SHARE PRICES in Kuala Lumpur closed on a lower note yesterday after moving in a tight range due to investors' reluctance to commit themselves in the absence of fresh leads and ahead of the New Year holidays, brokers said. "Several players are
      Bernama  -  5,574 words
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  • CHINA STOCK EXCHANGES
    • Article, Illustration
      Lock icon Chlor-Alkali B shares boost Shanghai B index
      422 18 CLSA THE SHANGHAI B market was boosted by Chlor-Alkali B's 3.6 per cent advance yesterday, which drove the index up 25.7 points to 740.4. Rumour of a one-for-one bonus and the better than expected results of the company were the main reasons behind
      CLSA  -  422 words
  • JAKARTA STOCK EXCHANGE
    • Article, Illustration
      Doubt over Astra keeps traders away
      990 18 SHARE PRICES closed lower yesterday in quiet trade and brokers said investors were cautious due to uncertainty over Astra International. The Official Index ended 0.41 point higher at 271.69. "Most investors preferred to stay on the sidelines due to uncertainty over who is going
      990 words
  • STOCK EXCHANGE OF THAILAND
    • Article, Illustration
      Lock icon Prices spurt as index is pushed towards 900 level
      2190 18 AFP THE Stock Exchange of Thailand Index spurted up by 18.72 points to close at 890.83 as investors tried to push the index to the 900 mark to start the new year, brokers said. A total of 284.9 million shares worth
      AFP; Source: Bridge Info  -  2,190 words
  • Page 18 Advertisements
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      Page 18 Advertisements Column 1
      178 18 WmL^l. YOUR VERY OWN HASSLE-FREE ucnowc^^mwawia! Bn news ant ot^cr pertinent information on companies listed on the Stock Exchange And for subscription fee of onlg $250 per month, you and your company can hKH °f Singapore Cloh International are important to you and your business, then SPH subscribe to this
      178 words
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  • TOKYO STOCK EXCHANGE
    • Article, Illustration
      Lock icon Issues off day's low in very thin trade
      2603 19 Reuter STOCKS succumbed to Monday blues and closed just off the day's lows in very thin trade. Selling by investment trusts and dealers squeezed prices, while most investors shunned the market in the absence of fresh incentives and ahead of the New
      Reuter  -  2,603 words
  • STOCK EXCHANGE OF HONGKONG
    • Article, Illustration
      Lock icon Prices close higher on window dressing
      2490 19 Reuter SHARE PRICES yesterday closed higher on year-end window dressing by both local and foreign institutions but trading was lacklustre as many players remained on holiday. The Hang Seng Index finished at 5,531.65, up 89.64 points, despite Taiwan's plunge on fears of political instability
      Reuter  -  2,490 words
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  • REGIONAL STOCK MARKETS
    • Taiwan stocks end lower on political fears
      • Article
        TAIPEI
        553 20 TAIWAN'S stock market plunged 3.7 per cent yesterday to end at a 23-month low on fears of political instability after the Dec 19 parliamentary elections, brokers said. The Weighted Index fell steadily throughout the session, closing 128.33 points down at 3,327.67. It was the lowest close since Jan 16,
        553 words
      • Article
        MANILA
        1277 20 PHILIPPINE share prices ended higher yesterday on firm investor sentiment after Christmas passed without violations of a ceasefire agreement between the government and army rebels, brokers said. Manila's Composite Index closed 6.44 points higher at 1,241.01. "Most of those who traded anticipate a rally in the early part of
        1,277 words
      • Article
        SEOUL
        4139 20 STOCKS CLOSED lower yesterday the last trading day of 1992 as afternoon profit-taking centred on large capitalisation shares eroded early gains, brokers said. They expect the market, which reopens on Jan 4, to start the New Year on a buoyant note underpinned by expectations of general economic recovery. "Today's
        4,139 words
      • Article
        INDICES & TURNOVER
        55 20 INDICES TURNOVER Close Previous +1l)rc 28 NEW ZEALAND N/SE-40 Capital closed 1.542 25 MANILA Composite Index 1.241 01 1.234 57 4 6 44 Turnover (mil pesos) 1.050 3830 t-667 TAIPEI Weighted Price Index 3.327.67 3.456.00 -I28 33 Turnover (N TS billion) 100 8.1 SEOUL Composite Slock Index 680% 687.93 -6.97
        55 words
      • Article
        Untitled
        166 20 New Zealand Z Dec 24 NZS VoHtW) ANZ Banking 3.75 unch 100 Air New Zealand (A) 2.56 0.04 *****1 Air New Zealand <B) 2.72 0.03 ***** Bank, of NZ 0.78 Baycorp 0.82 0.04 ***** Brierlev Inv 1.02 unch *****1 Carter Holt 2.69 unch *****9 Cavalier 4.00 unch ***** Ceramco 6.45
        166 words
  • Article
    AUSTRALIAN STOCK EXCHANGE
    1393 20 Vol Dec 24 Ae High Low (DO) AMCOR 768 unch 770 766 5865 Aberfoyle 410 8 410 403 220 Adelaide Steamship 10 +1 10 10 392 Advance Bank 592 6 592 590 174 Alcan Australia 146 unch 149 146 69 Ampol Exploration 380 5 380 375 *****
    1,393 words
  • Page 20 Advertisements
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      Page 20 Advertisements Column 1
      25 20 The Australian stock market was closed yesterday. Below are the closing prices for Dec 24 To advertise your Appointments or Notices, call toll-free 737-0043 APPOINTMENTS/NOTICES
      25 words
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  • CURRENCY, MONEY & FUTURES MARKET
    • Article
      Lock icon Greenback closes off day's high against yen in profit-taking
      486 21 REPORTS Reuter ASIA lOKYO: Late profit-taking sales pulled the dollar ofl the day's highs yesterday but it still ended steady to firmer. Initial buying emerged in pre-Tokyo trading on news that a US F-16 shot down an Iraqi fighter overnight. But
      Reuter  -  486 words
    • Article
      INTERBANK FOREX RATES
      395 21 Cross rates Dec 28 USS SS MS Dm Yen SFr AS NZS USS 1.6405 2.6020 1.6035 124.05 0.6596 1.4460 1.4472 1.9380 SS 0.6096 1.5861 0.9774 75.6172 0.4021 0.8814 0.8822 1.1813 MS 0.3843 0.63 0.6163 47.6749 0.2535 0.5557 0.5562 0.7448 Dm 0.6236 1.0231 1.6227 77.36 0.4114 ***** 0.9025
      395 words
    • Article
      MONEY MARKET
      593 21 Interbank rates S$ Bid Offer Overnight 7/8 I 1-month I IS/16 2 1/16 2-month 2 1/16 2 3/16 3-month 2 1/8 2 1/4 Overnight mode: 1-3/16 US$ Bid Offer 7 days 4 3/4 4 7/8 1 month 3 3/4 3 7/8 2 months 3 9/16 3 11/16 3
      593 words
    • Article
      Lock icon French bonds set for high returns
      298 21 Bloomberg LONDON French government bonds, helped by low inflation and high yields, arc poised to top Europe's major bond markets in 1993 even as the franc wobbles into the March parliamentary election. analysts say. Italy, Spain and the much maligned market for bonds denominated
      Bloomberg  -  298 words
    • Article
      Lock icon Outlook for Argentinian peso mixed
      286 21 Reuter BUENOS AIRES Economists who have held senior posts in Argentina's economy portfolio made mixed forecasts for the peso's outlook for 1993, the daily La Nation reported. Three of the seven specialists polled by Im Nation said the peso's parity with the US dollar will
      Reuter  -  286 words
    • Article
      FINANCIAL FUTURES
      1269 21 S1MEX EUWOOOLLAR Open High Low Sett Est Vol Act/Vol Op/lnt Mar 93 96.33 96.34 96 32 96.33 pTOO 4182 ***** Jun 93 95.90 95.91 95.89 95.89 1400 1692 ***** Sep 93 95.50 95.50 95.48 95.48 1200 1440 5270 Dec 93 94.87 94.87 94.86 94.86 1105 701 2885 Mar
      1,269 words
  • Page 21 Advertisements
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      Page 21 Advertisements Column 1
      137 21 The markets for London and New York were closed. '^^HMRSB^Mc* k'^^H "> ML^^l 1 ;^Hr t ■9BL >< Scalpel...scissors...sutures... Business Times Whether you're a surgeon, lawyer, contractor or engineer, all the current trends that affect them. you need to be kept well informed to maximise returns on your money. Kssential
      137 words
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  • COMMODITIES
    • Article
      Lock icon Oil prices next year hinge on Opec discipline
      391 22 Reuter LONDON Oil prices in 1993 are likely to depend on the degree of Opec quota discipline in coming months and then its ability to agree on new cuts when it meets again on Feb 13, Europebased analysts agree. Judging from recent
      Reuter  -  391 words
    • Article
      Lock icon Large soya bean crop likely to depress world oilseed prices
      213 22 Reuter LONDON A large 1992/93 soya bean crop expected in the US, China, India and South America will depress oilseed prices, the Economist Intelligence Unit (EIU) said in its latest World Commodity Forecasts publication. The high level of demand for
      Reuter  -  213 words
    • Article
      KL tin rises two sen on higher demand
      730 22 REPORTS THE price of tin finished two sen higher at MS 14.53 on the Kuala Lumpur Tin Market, prompted by better buying demand from local players, yesterday. Dealers said buyers took advantage of the lower price to stock their purchases ahead of
      730 words
    • Article
      PRICES
      1629 22 Rubber RAS Commodity Exchange (futures closing as at lp«) RAS (physical prices) RSS 1 Contract (S cents/kg) Bayers SeRcfS Close Volume Open As at 12 mm (S ccntVkf) Month High Low Sett (tonnes) Interest RSS 2 Jan 93 142.00 I43.00N Jan 93 Feb Mar 0.00 148.00 0.00 0.00 147.25
      1,629 words
  • Page 22 Advertisements
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      Page 22 Advertisements Column 1
      1382 22 BUSINESS TIMES Toll tree Tel No 737 0043 -Fax No: 734 3608 THE COMPANIES ACT. CHAPTER 50 SECTION 290(2)(b) Notice Of Resolution JEFFRIES BANKNOTE (SINGAPORE) PTE LTD (In Members' Voluntary Liquidation) At an Extraordinary General Meeting ol Jeffries Banknote (Singapore) Pie Ltd held at 345, Hudson Street. 17th Floor. New
      1,382 words
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  • Article
    AIRCRAFT ARRIVALS AND DEPARTURES
    1062 23 ctt > F»*Kht ETA FMght ETD A* Dhabi GA887 1230 GA892 0100 GA893 1400 GA886 2340 Qf81 1935 QF82 2050 Amttardaai GA893 1400 KL838 0040 KL837 1515 GA892 0100 SQ323 1815 SQ338 2300 Attl n SQ348 2300 NZ35 1425 SQ288 2045 SQ286 2045 NZ36 2235 Bahrain
    1,062 words
  • THE TRAVEL PAGE
    • Article, Illustration
      A darker side of Russia
      831 23  -  LETTER FROM SALEKHARD By Gregory Gransden After an hour-long flight across bleak stretches of Siberian tundra, the helicopter came upon a cluster of dilapidated wooden huts and barbed wire almost hidden among deep snow and scrub. After circling a few times, it landed nearby to
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  • Article
    FOREIGN CURRENCY NOTE RATES
    152 23 As at 10am yesterday: Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.1260 1.1420 Canadian dollar 1.2857 1.3620 NZ dollar 0.8356 0.8600 Sterling pound 2.4756 2.5120 US dollar 1.6370 1.6430 Local dollars to 100 units of foreign currency Austrian schilling 14.48
    152 words
  • Article
    WORLD TRADE EXHIBITIONS
    85 23 Duration Title Venue Organiser Tel Jan 26-30 BUREXPO *93 4th Western Switzerland's Office Trade Fair Geneva Otgrxpo 01/*****09 Feb 14-16 LorxJon Menswear Earls Court. London Philbeach Events 071-*****17 Feb 16-18 London Show OI>mpia. London Blenheim Premier 071-*****22 Duration Title Venue Organiser Tel Feb 16-17 The 1993 Pan
    85 words
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      39 23 The best Business Class to Europe? Finnair's new wide bodied MD-11 offers speed, comfort and space that's miles ahead of its competitors. Call your travel agent or 733 3377 for more details. know the world from start to Finnish.
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      48 23 You may have been unable to get your Straits Times, Sunday Times, LianHe Zaoßao and other daily newspapers from your usual newsstand because of the higher demand lately. To ensure a daily copy, call Customer Sen/ices Section on 749 2577, and ask for home or office delivery service.
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      Page 23 Advertisements Column 3
      40 23 TINIEST BABY IN THE WORLD +*>&t A. r .4j£Uß^HflLJ^^HHJ^lßifl TBL. JW jßK|flj|^^^HUH < BfT l Sfeftgr I, Pictures and story on how surgeons repaired baby's heart which is the size of a coin. I the J I new* NEW, NEWS. NEWSYIMM_
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  • Page 23 Miscellaneous
    • Miscellaneous
      Page 23 Miscellaneous Column 1
      277 23 1 Most certainly a source of when M H threatens (4,4) Stringed instrument follow- jfl| ing two notes without a qua- 10 What the weaving road hog —1■r~MB""""" does to reduce transgression A grey log carved as a hideous mf MH[ mutton (typically) should not go off (6) 18 I
      277 words
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      Page 23 Miscellaneous Column 2
      163 23 Singapore Outlook: Intermitten rain. The rain is likely to be heavy mainly in the afternoon. Report: Maximum temperature 30.1 Assoc humidity 73% Minimum temperature 23.5 Assoc humidity 98% Hours of sunshine 3.90 Rainfall in mm 0.3 Rainfall this month 485.5 Rainy days this month 21 World report Asia-Pacific Hi/Lo* Cond.
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      Page 23 Miscellaneous Column 3
      39 23 \*m GoihJG to it i ll Be. PvßLe.ro \rs o«aeuevp«uE./—-wpfr cmm> G£T JS? 6 *"I UJORK Hom e- wm UITU TWe.fc^T^BL£ PMONE. HPiS t'U'l'SJ PuU_eD ORr FOOR SuS>M6SS DUMS //il ujh»UE- u)€.ve on Tuc*n**ii4... M 8838 ASSOCIATED NEWSPAPERS LTD
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  • Article
    Lock icon Taiwan set to attain developed nation status
    352 24 Per capita GNP to pass US$ 10.000 this year Reuter, AFP TAIPEI Taiwan will attain the status of a developed economy this year as its per capita gross national product (GNP) goes above US$lO,OOO (S$ 16,400) for the first time, Vice-Econom-ics Minister Chiang
    Reuter,; AFP  -  352 words
  • Article, Illustration
    Lock icon Petronas to enter fresh pacts with new refinery partners
    414 24 AFP KUALA LUMPUR Malaysia's Petronas is to enter into fresh pacts with two new partners early next year for its multi-billion-dollar oil refinery after the withdrawal of all its original foreign partners. Azizan Zainul Abidin, president of Petronas, the national oil
    AFP  -  414 words
  • Article
    Lock icon US seeks nuclear pact with Russians before Bush leaves
    409 24 AP GENEVA Senior US and Russian officials opened lastchance talks yesterday to try to conclude a new nuclear missile-reduction treaty before President George Bush leaves office on Jan 20. Eager to set the stage for a summit signing with Russian President
    AP  -  409 words
  • Article
    Lock icon Bush mum on possible questioning by prosecutor
    256 24 Reuter HOUSTON President George Bush refused to say on Sunday if he would submit to questioning by IranContra prosecutor Lawrence Walsh although one published report said Mr Walsh would seek such a session next month. Mr Walsh said in an interview with the
    Reuter  -  256 words
  • Article, Illustration
    Lock icon Taipei's judicial chief favoured for PM's post
    260 24 AFP TAIPEI Taiwan's top judicial official, Lin Yang-kang. is favoured to succeed Premier Hau Pei-tsun, who is to resign next month, according to public opinion polls released here yesterday. Of 99 newly-elected lawmakers questioned by the China Times, 14 supported Mr Lin, president
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  • Article
    Lock icon US to buy plutonium from Russia
    235 24 AFP MOSCOW The US will buy 40 kg of plutonium-238 from Russia for use in space experiments under a deal to be finalised soon, a spokesman for the Russian Atomic Energy Ministry said yesterday. Yevgeny Mikerin. director of the ministry's nuclear department, said the
    AFP  -  235 words
  • Article, Illustration
    Fixing Japan's economy will require wrenching changes
    911 24  -  The Bottom Line PATRICK DANIEL PATRICK DANIEL The writer is Editor of Business Times. IT WAS a century ago that the bestknown historian of speculative manias. Charles Mackay. observed that men go mad in herds but recover their senses only one by one.
    911 words
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    Lock icon Hindus, Muslims rap Indian govt plan to resolve mosque row
    420 24 AP NEW DELHI Hindus and Muslims yesterday lambasted a government proposal to resolve the 40-year-old dispute over a holy site where Hindu militants destroyed a 16thcentury mosque earlier this month. Prime Minister PV Narasimha Rao's Cabinet decided on Sunday to
    AP  -  420 words
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      301 24 f Singapore's most popular Nttsuko£m I Key Telephone System I GIVE'YOUR MCE IHEEXKUIIVE immniT <% Omimshed hnes <; fine lines jj*' Removed IB Diminished Crowed s«ress lines Removed J^Hni open pores and blackheads &m Jtir I Diminished Removed- >1 the start of age sags the double chin' took iinijiißß jJti
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      17 24 SINGAPORI (OMM{ZZ Distributor of the most sought after M Key Telephone System Tel: 278 7088 J I
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  • Shipping Times
    • Article
      PSA's Portnet users hit 1000th mark
      374 25  -  Voltainer Singapore is the 1000 th subscriber By Ramesh Divyanathan SINGAPORE The Port of Singapore Authority's electronic link with its customers Portnet reached a milestone last month with its 1000 th subscriber. The computer link allows a subscriber to access PSA's information database for
      374 words
    • Article, Illustration
      Lock icon Akatsuki Maru likely to complete voyage on Jan 5
      441 25 UPI TOKYO A Japanese vessel carrying 1.7 tons of plutonium to generate energy for the resource-poOr nation will complete its controversial voyage on Jan 5, the Japan Broadcasting Corp (NHK) reported. The freighter Akatsuki Maru, which departed from Japan in late
      UPI  -  441 words
    • Article
      Lock icon At least 3 killed in Indon ferry collision
      237 25 UPI JAKARTA A passenger ferry and a cargo ship collided in rough seas in eastern Indonesia on Saturday nigbt, leaving eight people missing and least three people killed, the local Communications Office said yesterday. Three crewmen and five passengers were missing after
      UPI  -  237 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      871 25 Page Col ABC Containerize 12 I Accord Group 8 I -3 APL 5 3-5 Alpha Feeders 6 I ANL 3 1/2 ASCI. 5 5 Avant Shpg 6 4/5 A\ia Airways 14 4 Bait Orient Line 7 4/5 Bangladesh Shpg 9 3 Bank Line.
      871 words
    • Article
      Lock icon China United Shipbuilding expects market to weaken
      412 25 South China Morning Post BEIJING A shipbuilder's representative has expressed doubts about the strength of the market in the first half of next year. Wang Jiule. vice-president of China United Shipbuilding Co (CUSC). added that his company had not received any new orders
      South China Morning Post  -  412 words
    • Article
      Lock icon Kuwaiti tanker firm investigates fraud
      375 25 Reuter KUWAIT Kuwait's national oil tanker firm is investigating suspected fraud within the company that local economists say could have cost it millions of dollars. Al-Rai al-Aam newspaper said on Saturday the stateowned Kuwait Oil Tanker Co had set up a committee to investigate evidence
      Reuter  -  375 words
    • LOG BOOK
      • Article
        Meteorite strikes boat off Japan
        141 26 TOKYO A suspected meteorite has fallen out of the sky and scored a direct hit on an ocean-going ship, a crew member revealed last Sunday. The object cracked into pieces when it hit the deck of the car transporter moored in the Bay of Mikawa
        141 words
      • Article
        Central American rail link?
        125 26 TEGUCIGALPA Guatemala. Honduras and El Salvador are considering building a railway to link their main Atlantic and Pacific ports, a Honduran official said last Sunday. Miguel Matute. a spokesman for the Public Works and Transport Ministry, said they were contemplating linking the Salvadoran port of Acajutla
        125 words
      • Article
        S'pore-Vietnam cargo flights
        73 26 HANOI Singapore Airlines (SIA) has begun six-times-weekly cargo flights between Singapore and Ho Chi Minh City, the Vietnam News Agency (VNA) reported yesterday. The Singapore-bound flights will chiefly carry food products, the agency quoted SIA otYicials as saying. Singapore emerged last year as Vietnam's leading trade partner.
        73 words
      • Article
        UK shelf drilling to decline
        123 26 LONDON Drilling activity on the UK Continental Shelf (UKCS) is forecast to drop by around 27 per cent this year in comparison with 1991 when 187 wells were drilled. Analysts at Arthur Andersen say activity levels at the end of 1992 have confirmed the downward
        123 words
      • Article
        Bonus for satellite launchers
        131 26 HONGKONG China is to give special wage bonuses to workers on its space programme, a report said, just days after an Australian satellite launched by China went astray. The finance ministry is to give space workers a bonus of US$22 a month, the Beijing-funded Wen Wei
        131 words
    • Article, Illustration
      Lock icon How Icahn lost out in TWA
      1082 26  -  Corporate raider Carl leahn was ousted from TWA by the company's employees. The push to oust Icahn was also guided at key points by a handful of lawmakers, says Andrew Miller Andrew Miller NYT CARL ICAHN began buying TWA stock in 1985, striving to
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    • Article
      THE SHIPPING GUIDE
      11781 34 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
      11,781 words
    • Article
      SHIPPING AGENTS
      3352 39 Asia-North America Eastbound Rate Agreement (Far East/North America, excludes Japan): American President Lines; Sea-Land; Neptune Orient Lines; Maersk Line; Nippon Yusen Kaisha Line; Mitsui OSk Lines; Nippon Liner system; "K" Line. Trans-Pacific Westbound Rate Agreement (North America/Far East): American President Lines; Sea-Land; Neptune Orient Lines; Maersk Line; Nippon
      3,352 words
    • Article
      COURIER SERVICES
      280 39 Abacus C ouriers Tel: >45 XOll Fax 545-1898 Air Kvprns I rauT Tel: 533-5771. Fax: 535-6144 Airborne Freight C orporation Tel: 542-8844 Fa*: 542-3716. *****80 AiniMift Worldwide Courier Tel: 278-0188 Fax: 273-8283. AJS Supplies Tel: 748-6322 (2 lines). 747-7421. Fax: 742-8975. Citx-Fink International Tel": 344-3377. Fax: 345-6450 Cluster
      280 words
    • Article
      AIR FORWARDERS
      1487 39 Abex Express Freight Tel: 542-7171. Fax: *****84. Actinic Forwarder Tel: 225-1833 Fax: *****42. Activair Singapore Tel: 542-7822. Fax: *****20. Aeroiink Freight International Tel: 545-8033. Fax: *****05. \erospeed Tel: 542-5911. Fax: *****18. Air Cargo Novo Express Tel: 542-5454. Fax: *****06. Air Express International Tel: 542-7666 Fax: *****74. *****50. Air
      1,487 words
    • Article
      PORT CONDITIONS
      1187 40 ALBANIA Durrcs: Seven \essels in port of 3 discharging general cargo. I chicken feed, 1 bulk wheat. 1 loaded coal vessel, 1 loaded chrome vessel waiting to sail. ANGOLA Luanda: Conditions in town and port normal. All cargo berths occupied, 3 vessels waiting with 1-2 days delay expected.
      1,187 words
    • Article
      SHIP SALES & TANKER RATES
      629 40 SHIP SALES TANKER RATES There has been a flurry of activity in the past couple of days with a number of significant deals being reported especially on the tanker side. VESSELS SOLD FOR FURTHER TRADING Bulk carriers Alexita: 122,522 dwt and built 1972 Mitsubishi, sold to clients of Golden Union
      629 words
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      AIR FREIGHT SCHEDULE
      565 40 ARRIVALS DEPARTURES Op Right T>pe fc'I'A I From Op Might 1»P» KID I lo TODAY TODAY NCA kZ203 B 7 47F 0145 I NRT SIA SQ802 B747F 0230 2 SYD/AKL KAL kE697 B'W 0150 I SEL NCA KZ204 B747F 0335 1 Bkk/NRT J \L JL6I7 B 7
      565 words
    • Article
      CRUISE & FERRY SCHEDULES
      187 40 CRUISE FERRY SCHEDULES CRUISE SHIPS Ait Pep Name of Vessel ETA KID Forts of Calls Port Agent Telephone No DECEMBER 30 30 Dclfin Star 1200 1800 S'porc-PK Ocean Trade 229-0366 31 31 Ocean Peark 0800 1900 World Cruise Inchcapc Shpg 221-1388 REGIONAL FERRIES Port of all Name of Vessel Agent
      187 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        834 41 Vessel Voy No Berth Arrival Departure Vessel Voy No Berth Arrival Departue Jurong Port April G1 35E 92 P09B 28 12/1200 29 12/1200 *****7 B AOWJ J1 alongside 29 12 0900 Bass Reeter 5 Sb P09B 29 12/1500 31 12, 2300 *****17 B AD092 J1 alongside 29
        834 words
      • Article
        MALAYSIAN PORTS
        157 41 Penang Port On the way: l:Helen N, Lily Maa. Hornest. Malayan Success. Angelina The Great. Hong Mao Hai. Bunga Kiambang, Angara. Southern Cross. Lok Prem, Azam II. Sheng Yuan, Samudera Samrat, Bg.Soon Hock 11, Kasturi, Penbunker, Palm Sea Horse. Ikrari Maru 3002, Nagoya-1, Hang Jun 4006, Hang Tou
        157 words
      • Article
        CONTAINER SCHEDULES
        1933 41 DELIVERY OF FCL IMPORT CONTAINERS IN PROGRESS Ship Voy No Contaners avaiafafc 9* Voy No Containers avaiabte SL Mariner 302W COO(EST) 28.12 92 150C S«)o Marine 02N 27 1292 0815 Arktis Grace 9235E COO(EST) 28 1292 193C Addiriyah F9249S *****2 0920 UNI Corona 1003W COO(EST) 28 1292 150C
        1,933 words
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      TRANSPORT DIARY
      1011 42 COURSES Shipping courses organised by Singapore National Shipping Association. 1993 Feb 3 Apr 7 (10 evenings): Effective Written Communication in Shipping Management (SDF 50%). Feb 11 May 20 13 evenings): Principles of Shipping Documentations Practices (SDF 70%). Feb 26: 1-day Familiarisation Course on Singapore Bunkering Procedure (SDF case
      1,011 words
    • Article
      Lock icon Northwest extends fare cuts to Europe
      449 44 Airline's rivals expected to match the cuts HYT NEW YORK Northwest Airlines has extended by three months, until March 31, its fare cuts to Europe of up to 43 per cent, hoping to bolster travel during the historically slow winter months. The discounts had
      HYT  -  449 words
    • Article
      Lock icon Chrysler's LH cars are the latest hit
      394 44 UPI CHICAGO When Chrysler Corp put together a team to create a new breed of family sedans, it designated the project LH. Industry pundits said that it stood for "last hope". That was a little over four years ago. Today consumers are proclaiming
      UPI  -  394 words
    • Article
      Lock icon Chrysler, GM to develop fast-charge batteries
      302 44 UPI DE I ROI l Chrysler Corp and General Motors Corp are racing to develop do ices that can recharge electric car batteries in minutes, which would be a major step toward putting electric vehicles on the road. Chnsler plans to unveil its quick-charge
      UPI  -  302 words
    • Article
      Lock icon Somalis protest against use of foreign trucks
      346 44 AP MOGADISHU. Somalia About 100 Somali trucks bearing protest signs lined both sides of the road in front of the American Embassy last Sunday to complain about the importation of foreign vehicles to haul food aid. "We are protesting against the 100 trucks
      AP  -  346 words
    • Article
      Lock icon Russian subway halts as electricity cuts off
      241 44 AFP YEREVAN. Armenia The Yerevan subway (underground) stopped on Saturday when the entire network's electricity was cut. underpinning Armenia's serious economic crisis. Most neighbourhoods in the capital have electricity for 12 out of 24 hours, over staggered time periods. Homes have had no
      AFP  -  241 words
    • Article
      Lock icon Military clears up wreck at airport
      185 44 Reuter MOGADISHU The US military is to speed up tratVic in the wrecked Somali capital with a week-long operation to clear wrecked cars, utility poles and piles of dirt and sand from 7km of streets. Navy spokesman Joe Westerhorstman said a naval engineering unit
      Reuter  -  185 words
    • Article, Illustration
      Lock icon Baghdad: where petrol is cheap but a car isn't
      613 44 Reuter BAGHDAD Owning a car in Baghdad can drive motorists crazy. Cars cost what houses used to before the Gulf war. The price of spare parts, when available, is astronomical. But. says one Baghdad resident: "Petrol is cheaper than water. Mind
      Reuter  -  613 words
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      24 25 Lines and services represented by Members ol the Registry ol Accredited /fIfBSKVt plnfftssocKn S<nfiapor6 Nattona< For advertising enquiries, contact Shipping Times: Tel 740- 2089/740-2090.
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      Page 25 Advertisements Column 2
      311 25 •How Carl Icahn lost out in TWA, Page 2 Someone close has been living Your son in Canada ■HERfIIH is Studying for some years. overseas. You've given up BS r want him The Straits Times close to home Weekly tells it better. -with news (He might from home. comeback after
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      Page 25 Advertisements Column 3
      21 25 International Freight Forwarder EUROPE LCL FCL Services c#ll *****00 M+R FORWARDING PTE LTD Northwest extends fare cuts to Europe, Back Page
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      82 26 Stories on labour and its relationship with management, management concepts in practice, profiles of leading managers in Singapore and relevant book reviews. ENTERPRISE MANAGEMENT, in Business Times every Monday, is must reading for managers who want the competitive edge. Plus an occasional look at successful small firms and the people
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      7 26 MAPPING OUT YOUR CAREER? Read EXECUTIVE APPOINTMENTS
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      1634 27 OOCL (S) PTE LTD JARDINE SHIPPING AGENCIES «I|V#* \llfffr BOOKINGS TEL *****34 *****58/ *****40 —llllf J®? CFS (PSA F5) TEL *****21/ *****79 H BfiAfiQ H PESAKA JARDINE SHIPPING AGENCIES SDN BHD L J PORT KELANG TEL *****18 FAX *****91 *****88 p> r~ o PENANG TEL *****4 FAX *****1 CFS TEL
      1,634 words
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      Page 27 Advertisements Column 2
      1877 27 Find out how sellers are reaching out to buyers in Advertising and Marketing. Every Thursday in BT IS UASC/| ARAB SHIPPING COJSAGfIJM To US East Coast sw mc b» ow s«> CSMW7 491 7*2 *02 10 02 lIV li«Htfl«* 19 01 22 02 24 02 21 *2 27 12 sMTtDOStn
      1,877 words
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      Page 27 Advertisements Column 3
      1590 27 ■UHHHtHffiW H IMPROVED SERVICES TO WEST AFRICA WEST MEDITERRANEAN TWICE-WEEKLY DEPARTURES FASTER TRANSIT TIMES V«KI Voy ETA ETO keeder by s««L»k'*r*s DESTINATIONS This week Mayview Wawrt 9302 IHH CFS 31/12 0300 HRS JOM LPK PEN OAK LG6 MOU SCX) AIL MIA CMS BAL PHL NYC ARC TOR MAVVIEW MAERSK 9302
      1,590 words
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      1442 28 AQABA ROAM/ [I VOV NO SPORE JEDDAH (via JED> S TON H BURG ANT HAVRE DRESDEN EXPRESS 08/351 26/12 5/1 11/1 13/1 16/1 18/1 20/1 I. MJ. MCSIBOft) KAMAKURA 26/152 31/12 16/1 19/1 17/1 PORT HE LAMB ft PENMOB KAGA 27/352 3/1 13/1 19/1 21/1 24/1 26/1 28/1 CARGO TO
      1,442 words
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      Page 28 Advertisements Column 2
      600 28 FCL Breakbulk Service to: AFGHANISTAN MAM Afghanistan Ltd., Sole Foreign Forwarder in Kabul for all services C.1.5.-Vostochny, Vladivostok, Moscow, Tashkent, Kiew, Minsk, Riga, Baku North Korea Vietnam Mongolia t Hungary CSFR Poland ocT^Trans AGENCIES (FAR EAST) LTD NOUAKCHOTT-BANJUL-BISSAU-LUANDA-BAT A Feeder Vessel ITA SIN VILLE DE PROVENCE 01/01 VILLE DE VEGA
      600 words
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      1493 28 £XVB REGULAR INDEPENDENT FULL CONTAINER SERVICE VSL/VOV SIN ALG BCL* HAM BRE# ROT ANT# FEL LHA B*TE OLDENDORF 243* 29/12 21/01 23/01 25/01 26/01 27/01 28/01 29/01 30/01 NOKASIA SINGA 9244 3 04/01 26/01 28/01 31/01 02/02 01/02 03/02 03/02 04/02 NORASIA SHARJAH 9245 3 12/01 03/02 05/02 07/02 08/02
      1,493 words
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      2001 29 cJ 3 STRAITS SHIPPING PTE LTD 10 Hoe Chiang Road #11-01 Keppel Towers Singapore 0208 Tel: *****88 Fax: *****17 "■■■■■MffIIMHiHHBHaBIMIHB I STS Shipping Pte Ltd tropic CARGO DUE SAIS JMM CONTAINER SERVICE TO CAMBODIA I STMnSVENIURE V33t Mujm Ub 29 30 Dec 30 o*c 31 o*c RUB MERUBI VOIE KK.
      2,001 words
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      Page 29 Advertisements Column 2
      2488 29 0 SINGAPORE AGENT: MXi| f /\fif-Q-g fi Af«c P&O Containers (Singapore Agencies) Pte Ltd A V*LV-/ VjUllidlllvl 10 H °e Chiang Road #07-01 KEPPEL TOWERS. SINGAPORE 0208 t*ri-2p Tel: 225 2233 Telex RS ***** PNOCSP Fax: 225 5327/222 7517 r CR Number **********0Z EXPORT IMPORT ss ||rts sw f!t a
      2,488 words
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      719 30 DJAKARTA I LLO*D INDONESIA NATIONAL LINE TO EUROPE EXPRESS S€ Ml-CONTAIN ER«4IP SERVICE If «t nor nm »c«m mm mmc ~wtnn I unww~ MAIARAM 33W8 28 31/12 30 1 2/2 6/2 10/2 I to EAST COAST POUTS VSL VOt PKL S TOW STD HUB BUB I BIMS AHRO lAYMMUA *****
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      Page 30 Advertisements Column 2
      1772 30 HANJIN SHIPPING FDR VSI SM I LWC HAUI SEA VCR FOR VSI SM llMf HAU SAV KM NYC FISHGUARD BAY 301N 28 12 I H NEWYORK 046E 21/1 22/1 FKHGUARD BAY 301N 28 12 M. HONGKONG 037E 4/2 5/2 7/2 HANJIN CHER) 0901 41 I H CHUNGMU 095E 21/1 29/1
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      Page 30 Advertisements Column 3
      1413 30 I m scr use hkg rig his mri o» ngt sw ito lai chs bal mc in «m rom ti» wg rso as m s<? I l GENTRV RE 043 30 12 31 12 5 1 7 1 9/1 11/1 1M Ml 15 1 18/1 111 29/1 10 2 12/2
      1,413 words
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      1947 31 YEAR-END LOADER I II SCX: 'NEPTUNE CRYSTAL 10E' as IVC/fc II ETA SGP 31/12/92 ■I ETD SGP 31/12/92 Jj^^ARRIVINGIfISANGELE£n^I/93IN17DAYS^^B EXPRESS (NWX) > I SINGAPORE CALIFORNIA EXPRESS (SCX) TO PNW US4 POINTS I TO CAWOKHU .US CULT UtLMtO POHrTS-4TL4»TTC VU WJ I 1/ FEEDER VSL VOY SGP MOTHER VSL VOY SET
      1,947 words
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      Page 31 Advertisements Column 2
      1223 31 m sinsov SINGAPORE SOVIET SHIPPING CO PRIVATE LTD BOOKINGS: BALT ORIENT LINE: *****64 FESCO: *****06 BLASCO ODESSA: *****51/*****31 ENQUIRIES: *****33 KL: 03-*****75/697 PORT KELANG: *****43/ *****40 JAKARTA: *****57 PENANG: *****4/ *****8 JOHORE BAHRU: *****1/ *****1 MARINE INSURANCE SERVICE: *****87/ *****87 (REGULAR INDEPENDENT SERVICE) FULL CONTAINERSHIP SERVICES EASTBOUND—DISCHARGING WtSTBOUND-LOMXHG TRAHSHmD VIA
      1,223 words
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      1803 32 K** f f AS AGENTS: KAWASAKI SINGAPORE (PTE) LTD <CR No **********0 M) m TEL: *****77 TELEX: KAWAKI R*****5 FAX: *****07/8/9 I MALAYSIA: 'K M LINE MARITIME (MALAYSIA) SON BHD HV M i W\j TEL; SA *****00 PK *****75 PEN *****0 JB *****1 PGU *****5/6 INDONESIA: P.T. SARANA LAUT INTERNUSA,
      1,803 words
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      Page 32 Advertisements Column 2
      913 32 PHI LI on It NT LINCS PTi LTD VlOB Robinson Road #07-00 GMG Building Singapore 0106 Tel: *****22/*****69/*****00 Telex: RS ***** Fax: *****76/*****38 by air, land or sea.... as* WE TAKE on the world for you bug MEMBER OF SINGAPORE FREIGHT FORWARDERS ASSOCIATION nWSTKAUAA4£W ZEALANO/SOUTH PACIFIC FCULCL S«VWg~~M 08 JAN
      913 words
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      Page 32 Advertisements Column 3
      382 32 f I GOLDEN LINEA IktG g'V GUAN guan shipping IESxXX (PTE) LTD 23. Ttk* h*> Stre«l SfIGAPOW 0104 m ***** M (10 IMES) Fat: *****04 (CK No **********0W) STRAIT6/PERSIAH GULF SERVICE S pore P Kelang Penang GOLOCN HMVCST Karachi Dubai 6/1 lan GOUXN KM Karachi Dubai Dammam 2#/22 lax GOIIKN
      382 words
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      Page 33 Advertisements Column 1
      901 33 PACIFIC INTERNATIONAL LINES (PTE) LTD I 140 Cecil Street. #03-00 PIL Building. Singapore 0106. I I mM ml cr no **********0E I VESSEL VOY SIN HKG SIN CMB JIB HOO JED AOJ KOTA WIJAYA WJAOI7 SLD 30/12 3/1 9/1 11/1 14/1 KOTA SINGA SGAOI9 7/1 13/1 21/1 23/1 27/1 KOTA
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      Page 33 Advertisements Column 2
      1348 33 WEEKLY LCL SERVICE NORTH EUROPE EVERY TUESDAY FOR THE FASTEST TRANSIT TIMES IN THE TRADE CALL:BEN LINE AGENCIES (S) PTE LTD TEL: 225 3522 BOOKINGS: NOELLE TAN TS CHOW/ YEA SHYUAN OR EAC TRANSPORT AGENCIES (M) SDN BHD BOOKINGS: ANGELINE TAN SHAH ALAM TEL: *****49 001 ARK KHIANG PENANG TEL:
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      Page 33 Advertisements Column 3
      286 33 BSA° TRANSPORTATION Wm MYANMA wBBk FIVE STAR LINE (Myanmar National Line) Loading for Yangon (Rangoon) S'pore P Klj Pen P.Gd| PAGAN VI9IW 4 6 ian RATHE* VI2IW 6/9 tan HP* AN VIBSW 12/14 )«i 6/7 Jan NIGERIAN NATIONAL ML SHIPPING LINE ■P NIGERIA EXPRESS SERVICE U\ RIVER NGADA V.50 SPORE
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      2819 36 Full Container Liner Services Malaysia's Afents: Indonesia s Ajents. General Agents: Booking Agents: Guan Guan Shipping Sdn Bhd Chung Chiao Shipping Sdn Bhd todsssdl Maritime Costar Shipping Pie Ltd Shipping Freight Boohing Centre Sdn Bhd 58 Persian Rata Wuda MuSd tot 3.34. 3rd Floor. 2 Mistn Road 47 Hill Street
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      Page 36 Advertisements Column 2
      22 36 'A' VESSEL OC-171 JAN aftsssrcf ho Qwizal/Acajutta/San Loreitto/Corirto/Pto C alder a MAKEDONIJA JC-266 7/8 JAN ssstgsssss- ws Pwt Ot Spwi/ P»amaribo/Panama/Cfllon/Cristob»l/D Guamacht
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      666 37 M FAMOUS CONTAINER LINES 10 ANSON RD. #15-21 INTERNATIONAL PLAZA. S'PORE 0207 HOT LINE: *****33 (24 LINES) LIMASSOL/PIREAUS 2/1 ROTTERDAM 2/1' HAIFA/ASHOOD ALEXANDRIA 2/1 HAMBURG/BREMEN 2/1 MARSEILLE/FRANCE 2/1 FELIXSTOWE/UK 2/1 BARCELONA/SPAIN 2/1 LEHAVRE/ANTWERP 2/1 GENOA/ITALY 2/1 GOTHENBURG/SCANDINAVIA 2/1 LOS ANGELES/WC/IPI 2/1 SYDNEY/MELBOURNE 31/12 NEW YORK/EC 271 FREMANTLE/ADELAIDE 31/12 VANCOUVER 2/1
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      Page 37 Advertisements Column 2
      774 37 ra RICHFIELD MARINE AGENCIES (S) PTE LTD S TEL: *****33 (12 Lines) FAX: *****15/*****03 l-H TELEX: RS ***** RISHIP (3 Lines) ETHIOPIAN SHIPPING LINES (National Lines ot Ethiopia) ACCEPTING FCL AND CONVENTIONAL VESSfcL IVOV ETA LOADING FOR SPORE NEI SANE 28WB 28 01 DAHfcSSALAAM MOMBASA DJIBOUTI ASSA6 MASSAAA AB>OT JOWB
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      Page 37 Advertisements Column 3
      884 37 JAKARTA BANGKOK «gn voy aw I kt |vcssa voy smsapc* smuok WANA BHUM 173S 30/12 2/1 G KOfINTSEV 07N Tue 29/12 Fn 1/1 Kill BHUM US 1/1 5/1 PITA BHUM 26SN Tue 29/12 Fri 1/1 BEHIA BHAA 59S 2/1 6/1 lARU BHUM 57N Fn 1/1 Hon 4/1 mm BMI 174S
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      1708 38 HHNHmac-nels groupage I I-IV/ JPENANG: (04) *****6 SIBU: (084) *****9 KUCHING: (082) *****3 P.KELANG: (03) *****77 JAKARTA: (21) *****32 SURABAYA: (31) *****0 HKG/TWN/BKK GOTH/U.K/MED PORTS PEN PKL SIN PEN PK SIN 30/12 31/12 1/1 Hong Kong ldn/Fl*/Rdm/Ant/LHV 31/12 1/1 2/1 3/1 4/1 5/1 Hong Kong G'burg/C'hagen/S hohn/Osk) 3/1 4/1 5/1
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      Page 38 Advertisements Column 2
      257 38 jj|g>& BLUE STAR LINE SINGAPORE TO AND FROM NEW ZEALAND AND PACIFIC ISLANDS SIN AKL LVT sm PROSPECT 22S 6/1 18/1 20/1 6/2 NZ STAR 5S 19/1 31/1 2/2 19/2 PREMIER 22S 29/1 10/2 12/2 1/3 FULLY CONTAINERISED SAILINGS DISCHARGING AT AUCKLAND. LYTTELTON. ACCEPTING FCL LCL FOR NEW PLYMOUTH. NAPIER.
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      Page 38 Advertisements Column 3
      1046 38 f THONG SOON LINES PTE. LTD.] 77 ROBINSON ROAD #15-00, #16 00 SIA BUILDING SINGAPORE 0106 TEL: *****88 FAX NO: *****11, *****22 TLX: RS ***** CARRIER. RS ***** JENHOL CABLE: TOSOCO CONVENTIONAL/CONTAINER CONTAINER SERVICES SINGAPORE TO SARAWAK SINGAPORE TO WEST MALAYSIA VESSEL Ivor [S PORE I PEST 2 VESSEL VOY
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      135 40 UP. LIVING IT > EACH WEEKEND, put up your executive feet, and let us shuffle through your imagination. We usually tread lightly, but even when we don't, 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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      11 40 W^w'To advertise ■f Appointments V a or Notices, ijJA call toll-free
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      124 41 v >- Rg| > |T H Scalpel...scissors...sutures... Business Times Whether you're a surgeon, lawyer, contractor or engineer, all the current trends that affect them. i you need to be kept well informed to maximise returns on your money. Essential information accessible every business day through Business Times. In the same
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      314 42 The Baltic Exchange was closed for Christmas holidays. Advertising Marketing every Thursday in Business Times NORTH PHILIPPINES FULL CONTAINER SERV CE VESSEL VOYAGE SINGAPORE MANILA VIGOUR LUZON BNB 01/01/93 08/01/93 FRBSYTNO MONDAY VIGOUR LUZON BANB 04/01/93 08/01/93 VIGOUR SINGAPORE 44N8 08/01/93 15/01/93 VIGOUR SINGAPORE 44ANB 11/01/93 15/01/93 PORT KLANG/PENANG FULL
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      Page 42 Advertisements Column 2
      323 42 Ji cosco UKC CONVENTIONAL SERVICE VESSEL PKL PNG P.G LOACMNG FOR: A VESSEL 28/1 Rotterdam/Antwerp CHINA CONVENTIONAL SERVICE VESSEL PKL PNG P G. LOADING FOR. A VESSEL 15/01 20/01 Huangpu- Guangzhou COSCO FULL COUTAIMER SERVICES (FCL/FCL) EXPORT TO: CHINA/BANGKOK/HONGKONG EUROPE/CONTINENTAL WEST MEDITERRANEAN AUSTRALIA US WEST COAST PERSIAN GULF/KARACHI Please refer
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      Page 42 Advertisements Column 3
      219 42 lIWA CONTAINER LINE C Miiiißl 2 (ABERDEEN FELIXSTOWE WEEKLY A CONSOLIDATION Inland Destinations: 1 LONDON •LIVERPOOL UVERPOOLi MANCHESTER SOUTHAMPTON •DUBLIN J /-"V* BIRMINGHAM ABERDEEN DUBU^ MANCHESTER r T BIRMINGHAM FELIXSTOWE Tel: 538 0155 W > OWENS CONTAINER LINE (S) PTE LTD SOUTHAMPTON! 133 New Bridge Road #09-06 Chinatown Point S'pore
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      34 42 CONTAINER SERVICE S'PORE/JAKARTA/SEMARANG/SURABAYA ttSSU YOY SPOtt JAKARTA StMARANG SURABAYA VLNABU 0040 040 31/12 3/1 PLRMAI 0134 134 28/12 30/12 1/1 3 1 VLNABU 0041 041 6/1 9/1 PLRMAI I 0135 135 4/1 6/1 8/1
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  • Page 42 Miscellaneous
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      726 42 TODAY'S TIDES (height in metres) HOUR 0000 0100 0200 0300 0400 0500 0600 0700 0800 0900 1000 1100 1200 1300 1400 1500 1600 1700 1800 1900 2000 2100 2200 2300 JR 1.7 22 24 25 2.4 20 16 1 2 1 1 1 1 14 IS 24 28 30 29
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      1047 43 I HYUNDAI I MERCHANT MARINE CO. LTD. WESTBOUND TO EUROPE r VESSELS PNA+ PKE-f PCD SIN RTM ANT* LEH* HAM Bfttt FEI SI MARINER 302* 24/12 25/12 26/12 27/12 15/1 15/1 16/1 16/1 16/1 19/1 H. EXPLORER 303# 31/12 1/1 2/1 3/1 22/1 22/1 23/1 24/1 24/1 26/1 H CHALLENGER
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      443 43 STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO i HEAVY LIFTS HIBOUMP VESSELS VtSSEL HOY ST PI KK U smu u a» n TARMMC PERM II a» 27/12 Titas uto ai in ma ii/ii cosac lUSTIR 11 i/i COSMC PMMiR 27 l/l 1/1 HI asuu ami II ■PT 21/12 OALIA lOM
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      Page 43 Advertisements Column 3
      1111 43 [J I m OUR USA P" „To 141 I 0" I"" |S I" T" I" 1 SERVICE CALLS oau mm Tmi nii miuioi wiki »ht*i mi,i2 imi 20 oi "2* *i it oi IToT ati 7Ti7 noi SINGAPORE an MM (Ml ft 01 UUUIOO MCIOOt ****** »IMI 2* 01 77
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      142 43 BINTAN6 MAS SHIPPING PTE. LTD. 39 NEL ROAD SINGAPORE 0208 TEL: *****88 TLX: R*****5 SWMER FAX: *****64 ACCEPTS PORTS OF CARGO STORE DESTHATWN HNTANG StRIA V2SE PT-» DEC BMUu. Mrt KBeM MERCURY JACK VOIE 02-04 lAN 04-05 lAN Ifcara. labuan HNTANG BEL AIT VOIE 04-05 lAN 05-05 lAN BMtJu. Mi
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      97 44 Business Times i# 1 It could be a controversial deal between two stock \7 market stars, a thought-provoking report by -d/ university researchers on the latest trans-European FOCUS zooms in on the news and issues of the day and looks at them in more depth and breadth. FOCUS is the
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      6 44 Every Saturday in Business Times I
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