The Business Times, 15 May 1992

Total Pages: 50
1 50 The Business Times
  • 21 1 BUSINESS TIMES the in sisi ss h i hi:r for s-i: t.sv i MITA (P) 35/12/91 Friday, May 15, 1992 75*
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  • NEWS SUMMARY
    • 78 1 STRASBOURG. 1 ranee The European Parliament yesterday endorsed proposals by the EC Commission for an overall freeze in 1992 farm subsidies but asked to solten an 11 per cent cut in cereal prices to 8 per cent. It also urged the 12 EC
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    • 62 1 TAIPEI Taiwan's outbound capital flows sent by private enterprises and individuals amounted to US$2.2 billion in the first months of 1992. Central Bank of China officials said yesterday that political uncertainties on the island and increased overseas investment were blamed for the capital exodus which outstripped
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    • 42 1 EAST ASIA'S industrialisation will proceed even if the US plays a diminished role in the region over the next 10 years. Senior Minister Lee Kuan Yew said yesterday at the 1992 Pacific Rim Forum in San Diego Page 2
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    • 28 1 THE Thai government will seek Asean's approval to postpone the full implementation a plan to slash tariffs till January 1994, says a Thai diplomat Page 3
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    • 35 1 AUSTRALIA is planning to set up a diplomatic post in Guangdong in the latest of a scries of moves to help businessmen plug into the Pearl River Delta region's dynamic growth Page 8
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    • 35 1 THE European Commission has proposed a global warming tax on energy in the EC but has linked its introduction to similar action by the US and other major partners. Page 9
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    • 19 1 SOUTH KOREANS are increasingly cautious at the prospect of reunification with their Northern brethren Page 9
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    • 34 1 NATIONAL CARRIER Neptune Orient Lines has sold its oldest multi-purpose vessel, Neptune Turquoise, for $5.3 million in line with its strategy of maintaining a young fleet. Shipping Times Page 1
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  • MARKETS SUMMARY
    • 31 1 WALL STREET stocks wore lower yesterday morning. After one hour of trading, the Dow Jones average of 30 industrial stocks was down 20.82 points to 3.371.16 at 1430 GMT.
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    • 36 1 LONDON share prices were higher at midday yesterday, helped by a strong set of corporate earnings reports. At 1130 GMT. the FTSE 100Share Index was up 10.4 points, or 0.4 per cent, at 2,730.9.
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    • 38 1 PROJEK Utara-Selatan Bhd (Plus), which is building Malaysia's North-South Highway, will be out of cash by the end of this year if additional funds of Msl.9 billion (Ssl.2 billion) are not made available Page 4
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    • 30 1 STEAMERS Maritime Holdings Ltd is kicking off its second joint venture with Ho Chi Minh Post Telecommunications with a $2 million investment in manpower and equipment Page 4
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    • 23 1 PT TIGARAKSA SATRIA, a Jakarta-listed consumer goods distributor, plans to expand its product line, says chairman Robert Widjaja Page 5
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    • 30 1 A JUMP in car loans has set the stage for an intense battle amongst finance companies in Singapore for a bigger share of the pie Page 7
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    • Article, Illustration
      30 1 Thursday Change BT-V1GA 709.12 +2.06 Kuala Lumpur ....593.03 -5-62 Tokyo 18.804.60 36.03 Hongkong 5.746.45 -11.50 Sydney 1.679.7 -3 Wednesday Chanjce New York 3.391.98 +6.86 London 2.720.5 1 9
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    • 30 1 London Gold AM fix USS336.50 +USSI.75 Exchange rates USS SS 1.6380 100 Yen SS 1.2610 MS SS 0.6487 Money market rates Overnight 2 7/8 3/8 3-montn 3 1/8% +1/16
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    • 31 1 Rubber S'pore June l40.75'/kg +0._5 M'sia June 2l7.00'/kg unch KL Tin Turnover 33 tonnes 3 Spot MS 15.05/kg unch Crude palm oil Turnover 1.904 lots +933 Mav MS896 /tonne 6
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  • 584 1  -  Analysts cite optimism among businessmen, predict growth for the year to hit 6pc By Kenneth James SINGAPORE Looking beyond the first quarter growth figures to be released by the government today, analysts are now projecting an upturn in the second hall that will push
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  • 370 1  -  By Lilian Ang SINGAPORE The Urban Redevelopment Authority, responding to criticisms ot its new property price index which showed that prices of residential properties may be heading upwards, has dismissed claims that the index was bloated by a handful of high-price developments.
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  • 507 1  -  Controversy over MIC share dealings From Leslie Lopez in KUALA LUMPUR THE controversy over alleged irregularities in share dealings by Malaysia's largest ethnic-Indian party took an unexpected turn yesterday when a stormy parliamentary session was adjourned and an opposition party chief suspended.
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  • 206 1  -  By Quak Hiang Whai SINGAPORE Local insurance giant Great Eastern Life Assurance Co Ltd held a special dinner last night to honour its outgoing chairman Tan Chin Tuan (seen with GE Life director Lee Seng Wee and Mrs Lee). The 83-year-old Mr
    Photo by Arthur Lee  -  206 words
  • Page 1 Advertisements
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    • 25 1 University fees increased HIGHER university fees were announced yesterday, luition fees will mm be raised yearly but by smaller amounts. Huil report on Page 3.
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  • PAGE 2 NEWS
    • 544 2  -  Not even diminished US role in region can stop it By Genevieve Cua SINGAPORE East Asia's industrialisation is unstoppable. It will proceed even if the US plays a diminished role in the region over the next 10 years. Senior Minister Lee Kuan Yew said yesterday.
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    • 459 2 SAN DIEGO Asean and the North American Free Trade Area (Nafta) should start negotiations for a formal arrangement between the two groupings once Nafta has been established, Senior Minister Lee Kuan Yew said last night. "The happier and safer course would be...
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    • 411 2  -  By Helen Chang SINGAPORE A Japanese newcomer to the local industrial engineering scene plans to set up an office here soon. Toyo Engineering Corporation, which recently clinched a US$73 million (Ssl 19 million) deal with Mobil to build a refinery in Jurong, plans
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    • 237 2  -  By Lee Han Shih SINGAPORE The goveminent, out to attract hightechnology investments, yesterday reiterated support for industry-related research and development (R&D) efforts. Economic Development Board (EDB) chairman Philip Yeo, who was the guest of honour at the opening of the Institute of Microelectronics (IME)
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    • 547 3  -  By Chuang Peck Ming SINGAPORE University fees will go up by between 5 and 7 per eent in July when the new term starts. Students of the National University of Singapore (NUS) and the Nanyang Technologieal University (NTU)
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    • 402 3  -  By Juliette Walker SINGAPORE Global telecommunications giant BT, formerly known as British Telecom, is offering a onestop solution to companies that want to link computers in Singapore to those in other countries. BT Services, a whollyowned subsidiary of BT, said
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    • 229 3 Reuter SYDNEY Housing loan approval statistics rose again in March and a leading index of economic activity climbed upwards, two more indications that Australia is slowly crawling out of recession. Economists said the data released yesterday confirmed that the housing sector is leading an
      Reuter  -  229 words
    • 582 3  -  But conflicting signals from PM's economic adviser By Kenneth James and Harish Mehta SINGAPORE The Thai government will seek Asean's approval to postpone the full implementation of a plan to slash tariffs till January 1994 in effect causing a oneyear
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    • 185 3 SINGAPORE Takashimaya Shopping Centre has signed up four retail clients who will occupy a total of 11,000 sq ft in the mall in Ngee Ann City along Orchard Road. Supreme Record Centre, Pertama Holdings Ltd, Watson's Personal Care Stores and Sincere Watch Pte Ltd
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    • 510 3 Reuter HANOI Vietnam has called its first two international tenders to construct parts of a US$3OO million (SS4B9 million) electric transmission line. Western businessmen and diplomats said yesterday that Hanoi called a tender on May 11 for a US$35 million contract to supply
      Reuter  -  510 words
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    • 87 2 NOTICE OF REMOVAL The sign of tomorrow's technology! Dear Customers, Friends and Business Associates: Effective 18 May 1992, we will be available for you at our new Regional Head Office: AEG Building 25 Tampines Street 92 Singapore 1852 Tel 788-5181 Fax 788-5606/788-5616 Tlx :RS ***** AEGSIN We look forward to
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  • Page 3 Advertisements
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  • COMPANY NEWS 1
    • COMPANY BRIEFS
      • 78 4 SINGAPORE Provisions Suppliers Corporation Ltd, through wholly-owned PSC Investment Pte Ltd, yesterday signed an agreement with China's Yantai Synthetic Detergent Factory to set up a joint venture called Topsellere Chemicals (China) Company Ltd. The new company, which will produce detergent in the Shandong
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      • 87 4 KUALA LUMPUR Sistem Televisyen Malaysia Bhd (TV3) reported a group after-tax profit of Msl 1.53 million (557.5 million) for the half-year ended Feb 29, up 23 per cent from the previous corresponding period, ivj said this was achieved on a 16 per cent increase in
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      • 40 4 SINGAPORE Loh Kee Kong yesterday sold 2.8 million PCI Ltd shares at 65 cents apiece, while Lim Kwce Siah disposed of 2.52 million shares at 61 cents each. Both men are directors of PCI.
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      • 68 4 SINGAPORE Isetan (Singapore) Ltd yesterday announced the appointment of Katsuyuki Tsukui, 50, as a non-executive director of the company. It added that Mr Soichi Kawada has resigned as a director. Mr Tsukui, who joined Isetan Co Ltd in 1964, was deputy general manager at the Singapore
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      • 53 4 SINGAPORE Venture Manufacturing (S) Ltd said one of its substantial shareholders, Malaysian Smaller Companies Fund (Cayman) Ltd, has bought 923,000 Venture shares on May 13, increasing its stake in the company to 7.96 per cent, up from 6.6 per cent previously. The purchase price
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      • 56 4 KUALA LUMPUR PJ Development Holdings Bhd said yesterday that it was not aware of any reason for the substantial turnover in the company's shares. The company was replying to queries from the Kuala Lumpur Stock Exchange which wanted to know the reason for the substantial
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      • 92 4 KUALA LUMPUR Dunlop Estates Bhd announced yesterday that the company has been served with a writ filed by Sim Swee Tin and Sim Cheng Khuan relating to the additional shares sale and purchase agreement dated April 24, IVVI. The agreement for the sale and purchase of
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    • 165 4 KUALA LUMPUR The New Straits Times Press (Malaysia) Bhd yesterday reported a 21.2 per cent jump in after-tax profit to M 531.53 million (5520.45 million) for the half-year ended Feb 29, 1992, from M 526.01 million in the previous corresponding period.
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    • 520 4  -  From Florence Chong in SYDNEY OUB Australia Ltd, the whol-ly-owned merchant bank of Singapore's Overseas Union Bank, has reported a near 90 per cent drop in profit for the year ended Dec 31, 1991, reflecting the parlous state of the Australian property market. OUB Australia
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    • 585 4  -  Proiek Utara-Selatan needs M$ 1.9b more, say bankers From Leslie Lopez in KUALA LUMPUR THE company which is building Malaysia's NorthSouth Highway will be out of cash by the end of this year unless it obtains a further Msl.9 billion (SSI.2
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    • 282 4 SINGAPORE Overseas Union Trust Ltd (OUT) has announced plans to redevelop its head office at 146 Robinson Road and is calling for a l-for-2 rights issue at $1.50 a share to help pay for the project. The estimated cost of the development is
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    • 311 4  -  By Rahita Elias SINGAPORE Homegrown conglomerate Keppel Corp is strengthening its presence in Vietnam through a telecommunications joint venture in Ho Chi Minh City. Steamers Maritime Holdings Ltd, a listed Keppel Corp member, is kicking off its second joint venture with Ho Chi
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    • 357 4 Bernama KUALA LUMPUR Edaran Otomobil Nasional Bhd (EON) has recorded a 5 per cent increase in Proton Saga sales for the first four months of this year to 25,156 units against 23,953 units in the corresponding period in 1991, chairman Jamil
      Bernama  -  357 words
    • 597 4  -  THE HOCK LOCK SIEW COLUMN By Dexter Lee FRESH from its success in the US, Singapore Aerospace Ltd is now forging a path into the repair and maintenance industry in North Asia. But this time, the company is opting for
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    • 497 5  -  From William Chia in JAKARTA LISTED consumer goods distributor P T Tigaraksa Satria wants to manufacture 50 per cent of the products it distributes, up from about 10 per cent at present. Company chairman Robert Widjaja said a 50-50 mix of its
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    • 329 5 Reuter HONGKONG Hongkong's Chain Tai International Ltd plans to develop a US$2 billion (553.3 billion) "Car City" on Lang Chi island off China's southern province of Fujian. General manager George Shih said on Wednesday that Chain Tai has signed
      Reuter  -  329 words
    • 319 5  -  By Harish Mehta SINGAPORE India's largest private-sector company Tata Iron Steel Co Ltd (Tisco) is planning to acquire a steel plant in an East European country its first move into manufacturing overseas. Tisco chairman Russy Mody said: "As part of
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    • COMPANY BRIEFS
      • 48 5 BEIJING Shanghai Yanzhong Industrial shares have dropped on the Shanghai stock exchange following an official investigation into a scandal over share price manipulation. A member of the exchange has been suspended following suspicious trading in Shanghai Yanzhong on Monday, local newspapers have reported.
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      • 87 5 HONGKONG Police in China's Shenzhen special economic zone have rounded up some 200 gangsters and set up a special unit to combat fights at the city s booming stock exchange which have killed two men. The Shenzhen Special Zone Daily reported that fights had erupted
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      • 58 5 AUCKLAND The publisher of New Zealand's largest newspaper yesterday said it will announce a multi-million-dollar expansion within the next month. Wilson Horton managing director Michael Horton said his company, which publishes a vast array of titles headed by the New Zealand Herald, was cashed up
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      • 94 5 SYDNEY Heavy turnover in shares of Australia's John Fairfax Holdings since its stock market listing last week has prompted speculation that a predator may be building a stake in the Conrad Black-controlled newspaper publisher. Australia's richest man, Kerry Packer, and New Zealand entrepreneur Ron Brierley were
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      • 90 5 MANILA Ayala Corp's net income surged 57 per cent to 2.03 billion pesos (S$ 123.8 million) in 1991 from a year earlier following a significant one-time gain. The company said it realised a gain of 741 million pesos from the secondary sale of shares in
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    • COMPANY BRIEFS
      • 93 6 PARIS French Finance Minister Michel Sapin said yesterday that takeover bids must now be made tor the entire equity of the target companv, instead ot for amounts down to 66 per cent. He said that "as part of the "general policy to improve moralitv" he
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      • 79 6 NEW YORK JC Penney Co reported a big jump in its profits for the first quarter, leading a group of retailers which overall posted a mixed bag of earnings from Februarv through April. Penney put last year's abysmal retailing trends solidly behind it with a
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      • 88 6 LONDON British food and drinks giant Grand Metropolitan pic said its first half pre-tax profits to March 31 rose to £402 million (S$ 1,197 million) from £376 million, above analyst forecasts of £377 million to £390 million Grand Met said it is confident 1992 will be another year
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      • 67 6 LONDON Britain's biggest supermarket group J Sainsbury pic has announced a 21.2 per cent rise in pre-tax profits to March 14, above expectations, to £628 million (S$ 1,871 million). Following the announcement, food retailing analysts upgraded their profits expectations for the group. They pushed their pre-tax profit
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      • 83 6 BONN Kaufhof Holding AG, Germany's second largest retailer said it would increase its dividend by 1.50 marks per share following a 38.2 per cent jump in 1991 group net profit to 166.3 million marks (*****.12 million) from 120.3 million. Kaufhof said in a statement it would propose
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      • 78 6 RUTLAND, Vermont Religious broadcaster Pat Robertson will pay about US$lO,OOO (S$ 16,400) a day to operate United Press International while deciding whether to buy the news agency, under a contract being drafted on Wednesday. Mr Robertson made a last-minute bid of US$6 million to buy the financially
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    • 390 6 Computer manufacturers sharpening their competitive edges Reuter SAN FRANCISCO Intel Corp. the world's biggest maker of computer chips, has unveiled plans to more than halve the price on one of its most advanced microprocessors. Industry analysts quickly branded the action on
      Reuter  -  390 words
    • 530 6 Big Blue acts to break lethargic spell Reuter NEW YORK International Business Machines Corp. which introduced the personal computer more than a decade ago. is in the process of redefining its PC strategy after failing to keep up with the industry's breakneck pace. "We are focused,
      Reuter  -  530 words
    • 295 6 Reuter NEW YORK Digital Equipment Corp, under increasing pressure to further cut costs and to strengthen its management team, could make some changes in these areas before fiscal year-end, analysts said. Earlier, the Mall Street Journal reported that the company's founder Kenneth Olsen is
      Reuter  -  295 words
    • 334 6 NYT NEW YORK Norman Pearlstine, who as the top news editor of The Wall Street Journal presided over an aggressive expansion of its scope and staff, plans to resign from Dow Jones Co at the end of June. Mr Pearlstine,
      NYT  -  334 words
    • 362 6 Reuter NEW YORK Time Warner Inc's securing of a US$6.2 billion (5X10.2 billion) credit line removes any doubts the company will complete its tie-up with two big Japanese companies and gives the company room to make deals, say analysts. "It comforts the
      Reuter  -  362 words
  • Page 4 Advertisements
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  • Page 5 Advertisements
    • 180 5 --v.wSSamv *jKsnSMGB kDi^KSNlviM^liiiH SEp®;; If you know someone who's heading for the top in a large corporation, chances are he (or perhaps even she) is driving a Volvo 940 GL And if thevre in a big hurry, then it's probably a 940 Turbo, the newest and fastest of the range
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  • Page 6 Advertisements
    • 235 6 THE WINNING EDGE IN-DEPTH BUSINESS NFWS 11 jj H U For over two decades Singapore Business has covered the local and regional business scene with more depth and breadth from a perspective which is more relevant to local businessmen than any other publication. Some may call it an i 1|
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    • 180 6 The great big blank out, Pg 14 This announcement appears as a matter o> record only <§) SUH I E C UMTfC CITY DCVtLOPtKNT PTI ITO *****,000,000 project finance facility Arrangers United Overseas Bank Limited United IBV Limited Lead Managers United Overseas Bank Limited Oversea-Chinese Banking Corporation Ltd DBS Bank
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  • FINANCIAL NEWS
    • 631 7  -  By Shoeb Kagda SINGAPORE A sharp increase in car loans, which are yielding wider margins, has spawned intense competition amongst finance companies for a bigger share of the pie. According to figures from the Monetary Authority of Singapore, hire purchase
      Compiled by BT; Source: MAS  -  631 words
    • 166 7 Reuter MANILA Finance Secretary Jesus Estanislao said yesterday that Manila will proceed with the sale of 8 per cent of Philippine National Bank (PNB), bringing total private ownership of the stateowned bank to 51 per cent by the end of next month.
      Reuter  -  166 words
    • 323 7 Reuter HONGKONG Hongkong's banks have lashed out at a deposit insurance plan proposed by the government to protect depositors at smaller banks, saying it would penalise bigger banks and lead to higher service charges. "A deposit protection scheme may protect, but won't necessarily
      Reuter  -  323 words
    • 268 7  -  By Kooi Cho Teng SINGAPORE The extent of local participation is likely to be one of the major issues discussed in Kuala Lumpur today by Malaysia's foreign banks preparing for local tion under the Banking and* Financial Institutions Act (Bafia) 1989. The
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    • 508 7 Reuter AFP BOMBAY Citibank, a branch of Citicorp, and ANZ Grindlays Bank, a unit of ANZ Banking Group, have denied involvement in a securities scam that has sent Indian stock markets crashing in the past three weeks. "We strongly refute the
      Reuter; AFP  -  508 words
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  • THE REGION
    • NOTE BOOK
      • 101 8 TOKYO Vietnam's first automobile plant, backed by South Korean and Japanese capital, will begin knockdown production of trucks and vans next week, a company spokesman said yesterday. Hanoi-based Mekong Corp will start production on Wednesday, said the spokesman of Saeilo Machinery Japan Inc,
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      • 93 8 BANGKOK Thailand is ready to sign a joint trade and investment cooperation agreement with Mexico, the Bangkok Post reported. Deputy Commerce Minister Pridiyathorn Devakula said the two countries had considered details of the agreement, including investment protection, and expected to sign an agreement soon.
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      • 101 8 HANOI Growing corruption in Vietnam could become a factor leading to political instability, the government's in-spector-general Nguyen Ky Cam said yesterday in an interview with the youth paper Tuoi. Six vice-ministers, 16 director-generals, and 13,000 company directors, chairmen and vice-chairmen have been charged with corruption in
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      • 98 8 TOKYO North Korea has completed and is ready to operate a nuclear reprocessing plant capable of extracting plutonium, a senior South Korean government official was quoted yesterday as saying. The Japanese daily Yomiuri Shimbun said it was the first time a senior Seoul official had
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    • 334 8  -  Plan to set up diplomatic post in Guangdong From Florence Chong in SYDNEY WITH foreign investor interest in the booming Pearl River Delta mounting, Australia is planning to set up a diplomatic post in Guangdong in the latest of a series of moves to
      334 words
    • 256 8 AFP HONGKONG Increasing numbers of foreign firms, especially from Japan and South Korea, are moving into China's booming Guangdong province, following China's commitment to economic reform, a report said yesterday. He Xianxiang, an official in charge of the service centre for the Guangzhou Foreign
      AFP  -  256 words
    • 376 8 AFP NUSA DUA, Indonesia Indonesian President Suharto called on the Non-Aligned Movement (NAM) yesterday to revise its priorities realistically in order to facc the rapid political and economic changes in the international situation. "In facing both the opportunities and challenges subsumed in
      AFP  -  376 words
    • 402 8  -  By Harish Mehta SINGAPORE The Viet-namese-installed regime in Phnom Penh has dismissed rumours of a power struggle within its ranks and urged party members to forge a united front ahead of elections likely to be held next year. Phnom Penh-based diplomats have
      402 words
    • 241 8 BANGKOK The American audio and video industries have urged the Thai government to introduce stiffer penalties for audio and video piracy, according to a report in the Bangkok Post. Quoting the Thailand director of the International Federation of The Phonographic Industry (Iftpi), Thienchai
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  • Page 8 Advertisements
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    • 28 8 Off shore fuoder has finance available for dametik aod commercial projects of good status. Mimmum 2 million US dollars. Write to PO Boot 22-3788 to Pubbcitas CH-1002 Lonsanne.
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    • 41 8 This announcement appears as a matter of record only FXAP I FUJI XEROX ASIA PACIFIC PTE LTD I U5530,000,000 I Currency Conversion Loan Facility I Arranger Lender I VOCBCH I OVERSEA-CHINESE BANKING I CORPORATION LIMITED I APRIL 1992 I J 4
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  • THE WORLD
    • 393 9 Proposal comes under fire from Bonn Reuter r STRASBOURG The European Commission has proposed a global warming tax on energy in the EC but has linked its introduction to similar action by the US and other major partners. The linkage announced
      Reuter  -  393 words
    • 338 9 Reuter WASHINGTON THE US and Mexico appear far apart on farm trade issues in the effort to establish a North American free trade zone, in spite of calls from both countries to wrap up the trade talks quickly, say
      Reuter  -  338 words
    • 273 9 Reuter GENEVA The European Community and the US has clashed again on trade, this time over the question of opening up government contracts to foreign suppliers. EC-US trade disputes have soured normally close relations and jeopardised the conclusion of the Uruguay Round
      Reuter  -  273 words
    • Article, Illustration
      33 9 NOCHTEN Germany Alone in a graveyard of metal, a man inspects one of about 1,300 tanks of the former East tanks, all of them Soviet-made, are destined for the scrapyard soon.
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    • 663 9 S Korea fears worse problems than those facing reunited Germany AFP SEOUL With its economic growing pains and its nascent democracy. South Korea fears it may face even greater problems than Germany when the time comes to reunite with the North. After initial enthusiasm prompted by
      AFP  -  663 words
    • 443 9 Reuter NEW YORK American industrial production data due out today should fit the pattern of slow economic growth unfolding as the US drags itself out of recession. "The data we've gotten so far this week on prices and retail sales show
      Reuter  -  443 words
    • WORLD WATCH
      • 100 9 TOKYO The World Bank and Japan's Overseas Economic Cooperation Fund (OECF) have agreed on conditions for providing so-called two-step loans to developing countries, a senior OECF official told reporters. Isao Kubota, managing director of the OECF, said that the conditions for two-step loans
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      • 97 9 OTTAWA Palestinians on Wednesday asserted their "right of return during refugee talks in Ottawa. But Israel rejected the demand as a dagger aimed at its heart. Palestinian delegates invoked what they said was an inherent, natural right backed by the United Nations to return to
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      • 118 9 LOS ANGELES The Los Angeles district attorney said on Wednesday he would ask a judge to order a new trial for one of the four white policemen acquitted in the beating of black motorist Rodney King, a verdict that touched off three days of rioting.
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      • 93 9 DAKAR The African Development Bank (AfDB) projects a slight improvement in average real economic growth for Africa this year at 3.0-3.5 per cent, the Bank's vice-president, central operations, Ferhat Lounes said. Growth fell for the third year in a row last year, to 2.4
        93 words
      • 112 9 JOHANNESBURG Negotiators in the 19-party talks mapping South Africa's transition from white rule to multi-racial democracy said a working group was unable to reach agreement on Wednesday night on a body that would devise a constitution giving power to blacks. The group was to meet
        112 words
  • Page 9 Advertisements
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      805 words

  • 482 10 EDITORIAL IF YOU put a gun to an economist's head and ask him to say what the single most important thing that a country needs for sustained, long-term economic growth is, the answer is likely to be this: consistently high productivity growth. For Singapore companies, which have been
    482 words
  • WHAT THE OTHERS SAY
    • 315 10 SENIOR MINISTER Lee Kuan Yew s advice to the United States about not pushing China too hard on democracy and human rights touches a wider issue. While skewed temporarily by the Tiananmen incident, the politics of reformist China is part of what may be called an
      315 words
    • 71 10 THE THREAT of piracy to commercial shipping in the region is becoming more serious. A more coordinated approached by the affected countries, especially Singapore, Malaysia and Indonesia, is urgently needed. It is time for the governments concerned to seriously consider and implement calls by the Federation of Asean
      71 words
    • 115 10 PRESIDENT Corazon Aquino's greatest contribution during her six years as president is in restoring "democracy". But this has not improved the life of the people and brought about progress for the nation. From the point of view of ordinary voters, putting up with a rather indecisive Mrs Aquino
      115 words
  • REGIONAL VIEWPOINTS
    • 161 10 ACCORDING to Finance Minister Anwar Ibrahim, the measures introduced to control inflation include raising the statutory reserves, a credit squeeze and curbing consumer spending. Such measures will not be popular with certain quarters who think their money is theirs to spend as they please. The government is
      161 words
    • 210 10 ONE of the main reasons which held back an early end to the weeklong anti-Suchinda protest is the fear, shared by the former Palang Darma Party leader Chamlong Srimuang and a large number of protesters, that the five pro-government parties may not honour the gentlemen's agreement on
      210 words
    • 127 10 AMERICAN reaction to yesterday's announcement of another stage of Hongkong's forced repatriation programme was predictable the Bush administration kept its head down, while Congressmen with immigrant constituents from Vietnam were loud in their condemnation of the deal between London and Hanoi to send back thousands
      127 words
  • 1661 10  -  Tan Chin Tuan may have given up his chairmanship of GE Life, but his presence will still be felt and missed. Yang Razali Kassim looks at the legacy he leaves behind at the OCBC Group Yang Razali Kassim Anecdotes about Tan Chin Tuan
    1,661 words
  • Page 10 Miscellaneous

  • ANALYSIS
    • 888 11  -  Cutting overheads will help bottomline, cutting labour costs won't, says Thane Peterson Thane Peterson THROUGHOUT the 1980s, Corporate America whacked away at labour costs. It tamed unions, exacted givebacks, and laid off millions of hourly workers. Yet, multitudes of US companies still can't
      Data: Boston Consulting Group, US Labour Dept, Boston University Manufacturing Futures Project  -  888 words
    • 1451 11  -  Catherine Ong, BT's Hongkong Correspondent, sizes up the big guns in the battle for UK's Midland Bank Catherine Ong THE battle lines have been drawn. The knives are out as the takeover tussle for UK's Midland Bank breaks out into open hostilities. It's all-out war
      1,451 words
    • 616 11 THE deputy chairman of the Hongkongßank said the group's global banking strategy was different from that pursued by other international banks during the *****. In an interview recently, John Gray noted that US banks, in particular, went overseas at a time when banks were not
      616 words
  • Page 11 Advertisements
  • Page 11 Miscellaneous

  • Page 12 Advertisements
    • 730 12 IfciiiiiMftHiingßMteAßlld. where to wine, dine OF if 7 —r K« iriketi' Fest Cafe Plaza H I 3t TfCatf Tuck into wholesome hawker fare and Ml' Hrtl i I indulge in local E 33) dishes like nasi Padang, Bak Kut Teh I and Rojak, plus a range of tempting Menu changes
      730 words
    • 298 12 I! Play Happy I really easy once you know I ~W I what we have in store for you and I 5 your family at The Stables. A I 1r y super family buffet that'll delight I I J J even the tiniest of tots. So come I I on
      298 words
  • Page 12 Miscellaneous
    • 705 12 TELEVISION AND RADIO —<——•— -m J 1.10 Chwe. MliiCM--Mn(fear BUSINESS ON RADIO Meat is murder m 12.00 MN* Close. 5.55 AM Opening followed by the World Business Report Cordon Lighton (C). Programme Summary Symphony 92 4, 92.4 mHz ill VHF Menu for Murder, 10.45pm, SBC 5 "1' 800 giSo The
      705 words

  • LIFESTYLE
    • 559 13  -  Jonathan Demme's offering at this year's Cannes film festival is a documentary about a preacher in Harlem a far cry from his Oscar-winning Silence of the Lambs. Here he tells Andrew Gumbel why he made Cousin Bobby Andrew Gumbel Reuter OSCAR award winner
      Reuter  -  559 words
    • 547 13 CHATTERBOX ROBERT REED, the stern but loving model father of TV's The Brady Bunch, died from colon cancer, his family has announced. He was 59. He died on Tuesday at Huntington Memorial Hospital. The Brady Bunch debuted on Sept 26, 1969, and ran
      547 words
  • Page 13 Advertisements
    • 265 13 AND ENTERTAIN Ridlets Be a member of Ridley's and enjoy these I exclusive privileges: I 25% off all bottles I 10% off all drinks after happy hours I a 10% discount at the Hubertus Grill and I Cafe-in-the-Park I and many more special privileges. I Plus a welcome package of
      265 words
    • 73 13 *==s^==* i'pin 11 Complimentary Birthday Cake (Booking Hn m advanrnl [j^f] W® lobster Salad w/Fresh Fiut Red l«h wfSoya Bean Cm* mm Shark s Ft) wtSalad Clwken Season Vegetal* w'Panf* Clam I' „j J§|| Pork Rihs *1 Pmeappte •Pu Tien fried noocftjs 9 Click en in 3 flavours Mango with
      73 words
    • 16 13 Only SEEDLESS CHtLLIES are used in our FISH HEAD specialty. IAMBUAH 2 I Indonesian Restaurant s
      16 words

  • FOCUS
    • 1199 14 In spite of efforts to produce machines with their own brands, most Taiwanese computer makers cannot break into the international market and end up just making goods for the big names in the industiy. TAIWAN'S Tatung Corp saw the handwriting on the wall a few
      Data: Dataquest Inc  -  1,199 words
  • Page 14 Advertisements
    • 199 14 I Tbnimy Armour Silver Scot 845s I Now the hottest iron in the U.S.A. 500% Growth in Sales irom 1989 to FREE TRIAL 1991 the highest among all brands 7-day free trial!* in the Golf Digest U.S.A. Survey 1991. 375% Growth in the number oi people FRE£>PUTTER who say they
      199 words

  • SPORTS
    • 526 15 America's Cup Reuter SAN DIEGO America 3 is hard to catch, but Italy's II Mora di Venezia has made a habit of coming from behind. Despite being down two races to one, with today's race looming as a virtual must-win in the best-of-seven America's Cup finals,
      Reuter  -  526 words
    • 429 15 Reuter DALLAS Fred Couples, overwhelmed by the demands on his time since winning the Masters and looking ahead to next month's United States Open, will take a three-week break after the Byron Nelson Classic, which begins today. "I worked really hard up
      Reuter  -  429 words
    • 292 15 Reuter HOT SPRINGS. Virginia Australian Phil Anderson won his second stage in a furious downhill sprint finish and American Greg LeMond inched closer to overall leader Stephen Swart of New Zealand in the rainy seventh stage of the Tour Du Pont cycle race
      Reuter  -  292 words
    • SIDE LINES
      • 104 15 PARIS The French government yesterday forced the top Corsican official from his post and fired his chief aide while a judge charged four more people following last week's collapse of a stadium grandstand that killed 13 people. Since the May 5 accident at the
        104 words
      • 89 15 AMSTERDAM Ajax became only the second club to have won all three European competitions by holding Torino to a 0-0 draw in the second leg of the UEFA Cup final on Wednesday. The goal-less draw gave the Dutch victory on the away goals rule following a
        89 words
      • 130 15 MADRID Four of the world's top five ranked golfers put finishing touches on their preparation for the U*****,000 Spanish Open, set to begin today, as tournament officials scrambled to get things ready after a last-minute course change. Nick Faldo of England and lan Woosnam of Wales will
        130 words
      • 98 15 ROME Pete Sampras is starting to feel at home on clay at least the Rome version. The winner of the US Open (hard surface) in 1990, Sampras has reached the 16th round in the US$l.4 million Italian Open, further than he's ever gotten in the
        98 words
      • 141 15 BARCELONA The row over a mummified Botswanan tribal chief which threatens to provoke an African boycott of this summer's Olympics here refuses to die down. Local authorities in the town of Banyoles. due to host the Olympic rowing events this summer, continue to resist International
        141 words
  • Page 15 Advertisements
    • 89 15 THE MANDARIN SINGAPORE NORTHWEST AIRLINES present MICHAEL FRANKS YELLOWJACKETS -i• C H|/ Sm•%%p s > y J^BT gifo 4 Rare is the all round performer. Rarer still one who spins audial poetry in a musical landscape that teems with romantic ballads tempered by soulful latin rhythm. For one night only,
      89 words
    • 592 15 busines Toll-fr®» Tel No: 737-0043 Fax No: 734 3698 ■V BANK NIAGA (Incorporated In Th» Republic Of Won#iii) Cayman Wand* Branch U.S. $37,000,000.00 Negotiable Floating Rate Certificate of Deposit Maturity Date May, 1994 In accordance with the provisions of the Certificates of Deposit, notice is hereby given that for the
      592 words

  • 638 16 NUCLEUS giving businesses the communication edge The liberalisation of the telecommunications equipment market in Singapore has fostered the growth of a diverse and competitive market projected to be worth more than $300 million in the next five years. Faced with the daunting variety of telecommunications equipment available, enter Nucleus, a
    638 words
  • 1287 16 WHEN Alexander Graham Bell invented the telephone several short decades ago, little did he know that he had spawned a Medusanstyle creation whose manyfaceted derivatives society would become so dependant on. Indeed when it comes to choice, the hotly-contested battle for the shopper's dollar
    1,287 words
  • 497 16 NUCLEUS' key strength in an increasingly competitive telecommunications landscape is arguably its backbone maintenance service. A pool of some 300 dedicated professionals who between them share a wealth of experience in the telecommunications field represent the lynchpin to the smooth operation of Telecom
    497 words

  • Page 17 Advertisements
    • 220 17 TO MAKE YOUR BUSINESS MORE PROFITABLE, YOU'LL HAVE TO MOVE IN THE RIGHT CIRCLE. The circle is Nucleus. The new it, ISDN capable Nucleus standard in business commu- is for choice: Nucleus has a nications. In fact, it's the only complete range. Seven constandard, we'd suggest, that figurations of fax,
      220 words

  • STOCK EXCHANGE OF SINGAPORE 1
    • 3268 18  -  By Joseph Rajendran SINGAPORE'S under-rated Sesdaq counters grabbed the spotlight yesterday, though activity on the main board was equally energetic, helping the local bourse shrug ofT its week-long lethargy. The UOB-Sesdaq Index gained 3.03 points to close at 60.79. The sentiment spilled over
      3,268 words
    • Article, Illustration
      67 18  -  By Anthony Pang Comment CSA Holdings bottomed out at 90 cents in early April. The 13week RSI has been strengthening since, confirming the uptrend on the price chart. However, both the 5-day and 5week stochastics are approaching overbought levels, pointing to a correction soon. Past support around $1.10
      SOURCE: BRIDGE INFO  -  67 words

  • 3005 19 OCBC Foreign 1250 20 +1.6% Amcol 25* 248 +16 +6.9% FAN 1000 +15 +1.5% Semb Shipyard 835 +15 1.8% City Dev 50» 412 +12 +3.0% C&C 655 +10 +1.6% DBS Foreign 1360 +10 +0.7% First Capital 210 +10 +5.0% Keppel Corpn 810 +10 +1.2% S
    3,005 words
  • Page 19 Advertisements

  • 2920 20 MCB Hldgs SO* 99 +9Vj +10.6% Perlis Plant 525 +5 +1.0% Tongkah Hldgs 102 +4 +4.1% Uniphoenix 123 +4 +3.4% Cons Plant 50* 143 3 2.1% Uniphone Tel 276 *-3 +1.1% PJ Dev Hldgs 90 2Vj +2.9% Golden Plus H 103 +2 +2.0% High Low
    2,920 words
  • Page 20 Advertisements
    • 240 20 BUSINESS TIMES Toll free Tel No: 737 0043 Fax No: 734 3608 OFFICIAL NOTICE We, Merit Shipping Pte Lid of 460 Alexandra Road. No. 25-04 PSA Building. Singapore 0511, hereby give notice that in consequence of the intended purchase of the undermentioned vessel, we have applied to the Registrar of
      240 words
    • 232 20 IN THE MATTER Of THE COMPANIES ACT. CAP. SO ANO IN THE MATTER Of VIKING ASIA SHIPPING PTE LTD ll— (in mtfTiDtn vwunury Liquidation) NOTICE IS HEREBY GIVEN pursuant to Section 306(1) of the Companies Act. Chapter SO. that a Final General Meeting of the abovenamed Company will be heW
      232 words
    • 285 20 IN THE MATTER Of THE COMPANIES ACT. CHAPTER 50 EMBETTE ENTERPRISES PTE LTD (In Members' Voluntary Liquidation) NOTICE OF RESOLUTION NOTICE IS HEREBY GIVEN that at an Extraordinary General Meeting of Members of EMBETTt ENTERPRISES PTE. LTO. duly convened and held at 4158 Jaian Besar, Singapore 0620 on 7th May
      285 words
    • 241 20 IN THE MATTER OF THE COMPANIES ACT, CAP. SO SANKEN SINGAPORE PTE LTD MEMBERS' VOLUNTARY LIQUIDATION At an Extraordinary General Meeting of the Company deemed to be held on 8 May 1992 the following special resolution was duty passed: "That the Company be wound up voluntarily and that Lim Hock
      241 words

  • KUALA LUMPUR STOCK EXCHANGE
    • 5183 21 Bernama SHARE prices finished mixed in increased trading yesterday. Some institutional activities were noted but generally, the market still lacked incentives to trigger rampant bar-gain-hunting activity after the decline over the past three straight days. Dealers said sellers haggled with cautious bargainhunters who focused
      Bernama  -  5,183 words

  • BT SHARE INFORMATION SERVICE
    • 396 22 Mm lori Last Fal Year Precast Mt Net MM EPS mmet tear EPS Crass pre* JjgJ *JJ*| p-T PaiM last jr (cts) (I'M!) <*■> (ct,) SM F May 20 War 92 143 2 40 0 912.800 9869-***** 1539-184 0 Metre NMgi F lun 13 Mar 92 110 30
      396 words
    • 610 22 MM BmN Te w !LX S 1 iKt JNT (S$^§§) EMS Final Nov 6 Jul 91 3 0TE 17 lads M Final Apr 30 Jan 92 Of** Final May 6 Mar 92 45 33 6.032 5r EL SB 52 «:5 Er ST KS SS nG 18 «5S
      610 words
    • 283 22 Company Date Ymr Grwp pre-tax Met earnings 6re*s hi to pr«m/lm (L) per Uare dividend ('••0) (c«rts) Metroptex May 11 Jan 92 l*$35.899(528.160 2 8(2 2 6(6) Promet May 8 Dec 91 M$22.036($2.777l) 35(-) Venture Mfg May 7 Dec 91 $4,495(12.530) 5(3«> -<-> M Credit May 6 Mar
      283 words
    • 347 22 Company Date Half-year Group pre-tax totertai ana to profit/lots (L) dividend COM) Goodwood Park May 7 Mar 92 $20.643($14,753) 45(35) H Msia May 7 Mar 92 $4,445(1313) 20(5) SPH Apr 24 Feb 92 $123,204(1110.396) 10(8) Times Pub Apr 20 Feb 92 $18,782(125,132) 4(4) New World Apr 1 Dec
      347 words
    • 1597 22 Currant Ex Mis Date Total to Tttal to My*—* M> doM paphto tka y«ar last yMr Aon, 5* Kin 5 Jun 18 Jul 2 122* 10%TE Anno 20c 12 5*TE Mar 3 Mar 13 May 15 175%TE 12 5*TE B Raya 1* km 24 Jul 8 Jul 20
      1,597 words
    • 576 22 Company Rights Issue tfanct Tech QnHorone SI 00 per share CASH Three-toHwo fe MSO 50 per shaft QIC Bank Onefortwo (a, W1 25 pef share Golden Hape Onfrtor six fe MSI 50 per share H Lang M Two-for-five <g, M$3 35 per share Issue of $28 07in 51
      576 words
    • 106 22 Hotel Negara Ltd: 24th AGM at Mandarin Court A, 4th Floor, Main Wing, The Mandarin Singapore, 333 Orchard Road, Singapore 0923, on Friday, May 15, at 10am COL Hotels International Lt± 3rd AGM at Room 2803, 28th Floor, Great Eagle Centre, 23 Harbour Road, Wanchai, Hongkong, on Friday,
      106 words
    • 51 22 Conversion Special Trdj Scripiess Conversion deadline Period Trading Company starts (IDP) (ST) starts Gold Coin May 12 Jun 8 {"I 1 23 Keppel Finance Jun 10 Jul 1 Jun 19 Jul I Jul 2 COL Apr 30 May 22 May 11 May 22 May 25 Footnote: indicates proposed
      51 words
    • 399 22 Ul Securities May 11 Dec 91 $1 836($291L) 19(-) 4(4) CS May 7 Dec 91 $10,451 ($6 6111) 20 9(—» 6(135) Inchcape May 4 Dec 91 M$53.822($66 683 32 9(40 20(32 51) DBS land Apr 30 Dec 91 $50 908<$30 9 78 7 9(4 8 5(4) Keppel Corpn
      399 words
    • 229 22 M ay 12 DBS Land Ltd is interested to develop two major property sites in Vietnam's Ho Chi Minh City. Plans for the two sites include hotels, offices. condominiums and shopping complexes. ~.1 in Cycle Carriage Ltd and Hotel Properties Ltd have been succepful in taking over control
      229 words
    • 652 22 stoek sr sr- sssu-. sr "-I Sto r* s- a Swens 11/05/92 COM DBS Nominees DBS J"* I 3 079 300 2 040 119 imM JjJ 3,709.300 927 Swens 11/05/92 COPl DBS Nominees «B* B 3.079.300 2.040.119 Puma 11/05/92 Chengs Investment Co Ltd (Jersey) Cheng K"W>8 J
      652 words
    • 131 22 Company Rights Issue Keppef France One for four (a, SI 10 per share Ex<tate May 25 Books close km 4 Acceptance Payment NYA Company Bonus Issue Amcd One foc three Ei-date NYA Books dose NYA Keppef France Oneto four Ei-date May 25 Books dose lun 4 Company Others
      131 words
    • 129 22 RECORD HIGHS LOWS 5L!ir p#^£ x <N, M2 > < W i«» i£ is S3 ss -s <8»8 IS!!?" n??S M6/1/9 i* 1 1149 08 < 16/1/91) 21 S !S« fi/7/90 1607 12 < 27 3/90) 121? /m5u/2 1990 low: *****0 (11/10/90) !2L?L. I«S« H6 /90 1607.12 (27/3/90) M-tm hijlv
      129 words
    • 355 22 In local ctirr In S$ In US$ dy >t dy yr dy yr 13 Index chge chge chge chge chgc chge World 400 5 0.4 -1.9 0.4 -3.5 0.8 -4.5 ♦F\FE ...485.2 0.4 -3.4 1.0 -6.2 1.4 -7.2 Vurooe Z_. 456.5 0.0 11.0 0.1 7.0
      355 words

  • STOCK EXCHANGE OF THAILAND
    • 1571 23 Reuter SHARE prices declined for a third consecutive day with investors worried about opposition calls for a big rally against Prime Minister Suchinda Kraprayoon this weekend, brokers said. The SET index closed 3.31 points down at 727.96 on a thin turnover of 2.49
      Reuter; Source: Bridge Info  -  1,571 words
  • JAKARTA STOCK EXCHANGE
    • 1210 23 STOCK prices rose in fairly active trade yesterday, bringing the official index 0.66 point up to 290.24, brokers said. Total turnover jumped to 8.13 million shares from Wednesday's 3.96 million. Cigarette company Sampoerna closed 50 rupiah higher at 2,950 with 467,500 shares traded.
      Source: Bridge Info  -  1,210 words
  • Page 23 Advertisements
    • 7 23 §W\anage BT shows you how every Monday.
      7 words
    • 779 23 "Ibougtit one cm and sold 10,000 sql" inLiXva,| mro.n smoMTON crescent. ooo«S m land site 10,523 sq fL Freehold' Only al $116 ps f I .Sole 1| Hap Seng *****88 pals' enquiries fax agi Call today for results tomorrow. CATjSI 737-ll« BUSINESS TIMES Toll Ira* Tel No: 737 0043 -Fax
      779 words

  • TOKYO STOCK EXCHANGE
    • 2645 24 Reuter STOCKS closed barely higher yesterday. A strong yen pushed the Nikkei Average above 19,000 for one brief minute in morning trade, but profit-taking pulled prices back down. The market may need fresh incentives to advance from here, but rising turnover was turning sentiment bullish,
      Reuter  -  2,645 words
  • STOCK EXCHANGE OF HONGKONG
    • 2735 24 Reuter AFTER three days of record high finishes, Hongkong stocks closed easier yesterday as rumours that Hutchison Whampoa would make a rights or bond issue prompted profit-taking, analysts said. "That rumour started before lunch and the market has dropped this much purely on
      Reuter  -  2,735 words
  • Page 24 Advertisements

  • AUSTRALIAN STOCK EXCHANGE
    • 2159 25 UPI PRICES closed modestly lower on the Sydney Stock Exchange yesterday amid profit-taking, mainly in the media sector, brokers said. At the close of trading, the All Ordinaries Index was down 3 points to 1,679.7, after rising nearly 20 points in the past two days.
      UPI  -  2,159 words
  • REGIONAL STOCK MARKETS
    • Philippine index at year's highest level
      • 486 25 SHARE prices ended at their highest level for the year and there was heavy profit-taking yesterday, brokers said. The Manila Stock Exchange composite index rose 9.31 points to close at 1,337.35 from Wednesday's 1,328.04, the previous highest for 1992. The market is closing in on the all-time high of
        486 words
      • 803 25 A cross-the-board selling in the afternoon pushed Seoul stocks down in moderate trading yesterday, brokers said. "Despite early morning gains on the strength of low-priced shares, customer deposits continued to slip away. That sent a chill to the market," said Kim Duck Sun of Hyundai Securities. Brokers believe the
        803 words
      • 555 25 STOCKS finished lower yesterday, partly on fears that the strong Taiwan dollar would hurt export industries, but brokers said some investors had re-en-tered the market and there was a chance for gains in coming days. The weighted index, after wavering in positive territory for most of the session, finished
        555 words
      • 177 25 SHARE prices rebounded after the Bombay Stock Exchange (BSE) banned short sales in 85 leading shares on Wednesday, brokers said. "There was wide-spread short covering," said broker Anand Diwan. "Sellers took a day ofT." The BSE Index recovered 344.76 points, or 11.17 per cent, to 3,431.13. The National Index
        177 words
      • 50 25 INDICES TURNOVER Owe yAim A May 14 Composite Index 1.337.35 1.328.04 +9.31 Turnover (mil pesos) 772 527.8 244.2 TAIPEI Weighted Price Index 4.300.60 4,326.38 -25.78 Turnover (NTS billion) 208 16.7 +4.1 SEOUL Composite Stock Index 587.56 592.29 -4.73 Turnover (billion won) 327.80 325.02 +2.78 NEW ZEALAND NZSE-40 Capital unav 1,509.15
        50 words
      • 147 25 New Zealand May 14 NZ Cents Vol( OO) ANZ Banking 625 unch 75 Bank Of NZ 73 +1 2910 Ba\corp 19 unch 1000 Bnerlev Inv 105 2 ***** Carter Holt 268 +10 ***** Cavalier 307 7 2499 Ceramco 307 7 1656 Corp ln\ 43 4 4565 Cultus Pet Donaghys 260
        147 words
  • Page 25 Advertisements

  • WORLD STOCK MARKETS
    • US blue chips up slightly, broad market mixed
      • Article, Illustration
        1122 26 BLUE CHIP stocks rose slightly on Wednesday and the broader market was mixed as investors debated whether the Federal Reserve would cut interest rates to spur the economy. The Dow Jones Industrial Average rose 6.86 points to close at 3,391.98. Winning issues topped losers by a slim margin
        1,122 words
      • Article, Illustration
        676 26 SHARE prices on the London Stock Exchange closed slightly lower on Wednesday as the market steadied after recent profit-taking and record highs. The blue-chip FTSE-100 index closed down 1.9 points at 2,720.5 points. The narrower Financial Times 30 index was down 2.6 points to 2,136.2 points. Trading volume was
        676 words
      • 264 26 A LACK of follow-up orders and posi-tion-squaring ahead of the expiry of options contracts left German shares mixed in quiet trade on Wednesday. The 30-share DAX index fell 1.74 points to 1,749.42 after having spent the session in a lifeless seven point range between 1,747.92 and 1,754.91. "There's no
        264 words
      • 163 26 SHARES closed a moderately active session mixed on Wednesday with scattered risers offsetting losses among some of the bourse's bigger names. "The market held fairly steady in the face of dollar weakness and profit-tak-ing pressure," said one dealer. The 25share EOE index finished 0.44 points or 0.14 per cent
        163 words
      • 240 26 MILD profit-taking took the wind out of French blue chips on Wednesday as the Paris bourse continued consolidating after its recent runup and buyers turned more selective. The CAC-40 index, which rose as much as 0.47 per cent in late morning trade, succumbed to modest, late afternoon selling pressure,
        240 words
      • 201 26 SHORT-COVERING kept Italian shares stable on Wednesday in mainly technical trading ahead of today's closure of the monthly account, brokers said. "It was a technical market, with some blue chips putting up some resistance," one operator said. Olivetti and Pirelli were in the limelight. The computer maker, which reported
        201 words
      • 283 26 SWISS shares ended a moderately active session slightly higher on Wednesday. Brokers said banks and insurers saw some buying interest, while most chemicals and industrials ended the day a touch lower. The All-Share SPI index ended 1.2 points higher at 1,212.7 and the SMI index of leading shares rose
        283 words
      • 97 26 PRICES on the Stockholm bourse were mixed in trendless trade on Wednesday, with gains for Ericsson shares lifting the top-16 blue-chip index, dealers said. Dealers described trade as cautious after sharp gains in the past week. "I see no real trend," one dealer said. The All-Share index was down
        97 words
      • 361 26 PRICES in Toronto stocks slumped late in the day with moderate losses in bank and utilities on Wednesday, dealers said. Banks dropped on rising nervousness that Olympia York is having trouble with its debt restructuring process and faces the seizure of several assets. The TSE 300 closed down 23.7
        361 words
      • 177 26 SHARES ended flat to lower after a day of light trading on Wednesday led by oil major Petrofina. Dealers said they were surprised by an apparent trend towards cyclical industrial stocks. "There is still a crisis in the cyclical stocks," said one trader, adding: "Investment is a bit of
        177 words
      • 455 26 RAND HEDGE shares led the declines in quiet trade on the Johannesburg Stock Exchange on Wednesday as the market eased after the bull run of the past two weeks. Dealers said the market was expected to continue weak with the stronger financial rand foreign investment unit and the easier
        455 words
      • 75 26 INDICES TURNOVER May 13 Owe I Preriow NEW YORK Dow Jones 3,391.98 3,385.12 6.86 SAP 500 416.45 416.29 +0.16 Turnover (million) 171.6 192.8 -21.2 LONDON Financial Times 30 2,136.2 2,138.8 -2.6 FTSE 100 2.720.5 2.722.4 -1.9 Turnover (million) 543.5 539.8 3.7 FRANKFURT DAX Index 1,749.42 1,751.16 -1.74 AMSTERDAM EOE Index
        75 words
      • 46 26 Vienna May 12 Asch Akg Holding 2330 45 Bank Austria (P) 481 1 E Allgcm (P) 2410 +10 Junghun/I ***** 10 Lcn/ing 1016 1 Leykam 397 unch Montana Ocstcrr Brau 3650 Scmpcnt 92 5 Stcy r 203 5 Veitschcr 356 3 Source: Z- Landerbank Bank Austria
        46 words
  • Page 26 Advertisements

  • CURRENCY, MONEY & FUTURES MARKETS
    • 1162 27 REPORTS TOKYO: The US dollar yesterday ended higher against the mark and the yen from New York closings after firming before the close on short-covering. But its sentiment remains weak after its recent sharp declines, dealers said. "Without any incentives, short-cov-ering
      1,162 words
    • 1380 27 SIMEX EURODOLLAR Open High Low Sett Est Vol Act/Vol Op/Int c Jun 92 96.08 Sep 92 95.79 Dec 92 95.17 Mar 93 94.99 Jun 93 94.45 Sep 93 93.96 Dec 93 93.39 Mar 94 93.24 Jun 94 Sep 94 Dec 94 Mar 95 Jun 95 Sep 95 Dec
      1,380 words
    • 371 27 Cross rates May 14 USS SS MS Dm Yen SFr AS NZS uss 1.6380 2.5200 1.6120 0.5491 1.4820 1.3245 1.8727 ss 0.6105 1.5385 0.9841 0.9048 0.8086 1.1433 0.3968 0.65 0.6397 51.5079 0.2179 0.5881 0.5256 0.7431 Dm 0.6203 1.0161 1.5633 80.52 0.3407 0.9194 0.8217 1.1617 Yen 0.0077 0.0126
      371 words
    • 534 27 May 14 ISS Bid Offer 7 davs 3 3/4 3 7/8 I mth 3 3/4 3 7/8 3 mth 3 3/4 3 7/8 6 mth 3 IS/16 4 1/16 12 mth 4 3/8 4 1/2 Bid Offer 7 davs 9 13/16 9 15/16 1 mth 10 1/16 10
      534 words
    • 478 27 Reuter PARIS The French franchas jumped to within a stone's throw of its EMS pivot rate against the mark for the first time in 18 months a dream come true for its longtime champion. Prime Minister Pierre Beregovoy. However, economists do not expect
      Reuter  -  478 words
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  • COMMODITIES
    • 732 28 FT JAKARTA A chart spread the length of the lobby wall of the Association of Indonesian Coffee Exporters logs the demise of the world price for Indonesia's robusta coffee from 1985. With London robusta contracts languishing at 22-year lows, space on the
      FT  -  732 words
    • 787 28 REPORTS THE PRICE of tin remained unchanged from Wednesday's close of MS 15.05 per kg on the Kuala Lumpur Tin Market yesterday. Despite a US$lO rise on the overnight London Metal Exchange, dealers said market players were reluctant to take new positions and
      787 words
  • 1527 28 Rubber Ma> m f 11 1 1 Noon Close p Int 1 RSS Prompt Int 1 KSS Juno 92 Int 1 RSS Jul\ Int 2 RSS OP Int .1 RSS OP Int 4 RVS OP Int 5 RSS OP 140 75/141.75N 140 75/141 25 140.50/***** 141.00/I42.00N 140.54VI4I.50N 1 38.IKV1
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  • Page 28 Advertisements
    • 1345 28 BUSINESS TIMES Toll free Tel No 737 0043 »Fax No: 734 3698 IN THE MATTER OK THE COMPANIES AC T, CAP. 50 AND IN THE MATTER OE PINON TRADING PTE LTD NOTICE OF SPECIAL RESOLUTION FOK MEMBERS' VOLUNTARY WINDING-UP (pursuant to Section 290) At an extraordinary general meeting of the
      1,345 words
    • 8 28 Innovation i Technology in BT every Tuesday j
      8 words

  • 1356 29 C*y Flight ETA FW ETD AhaOhahi GA970 2035 MaiaMa QF81 1955 mm ■EE eBSM KZ 311 H nun ii RJ182 1440 RJ183 2340 AflKtOT^MI KL837 1255 SQ24 0115 SQ323 1815 KL838 2240 AtfcMS SQ348 23 00 Andiimd NZ35 SQ288 8A12 1550 2030 2200 SQ285 NZ36 2115
    1,356 words
  • THE TRAVEL PAGE
    • 482 29  -  POSTCARD FROM ST PETERSBURG By Edith Lederer DIAMONDS, rubies and sapphires that sparkled when the last czars ruled Russia returned to their palace on Wednesday, casting a fleeting shimmer of opulence over the gloom of St Petersburg. The jewels of Cartier, symbol of a bygone era,
      482 words
    • 151 29 As at 3pm yesterday: Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.2305 1.2475 Canadian dollar 1.3482 1.3755 NZ dollar 0.8650 0.8827 Sterling pound 2.9685 3.0095 US dollar 1.6330 1.6420 Local dollars to 100 units of foreign currency Austrian schilling 14.25
      151 words
    • 61 29 Duration Title Venue Organiser Tel Duration Title Venue Organiser Tel May 26-31 International Istanbul. Afeks Oigamzav (90)1/*****20 June 5 Financial of Michigan Fax: Construction Turkey yon Pazarlama Management (852)*****46 Machinery Bldg Ve Ticaret AS June 1-7 International Buenos Aires Argentine 541-*****09 Technology Exhibition Federation of Exhibition of
      61 words
  • Page 29 Advertisements
    • 38 29 What's theprice for a united Europe? Exactly the same when you fly to any one of Finnair's 35 European destinations. Check with your travel agent or call *****77 for more details. W« know Europa from atari to Finnish
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    • 25 29 Difficulty in getting a copy of Her World, Go, Singapore Business, Home Decor, Young Parents? Call our Hotline 749 2577 for locations of nearest newsstands.
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    • 431 29 BUSINESS_TIM^ES Toll free Tel No: 737 0043 Fax No: 734 3698 IN THE MATTER OF THE COMPANIES ACT, CAP 50 IN THE MATTER OF SEAM ENGINEERING PTE LTD (M maw VOLUNTARY —1 NOTICE IS HEREBY GIVEN tiat at an Extaoidkiary General Meelng ol M Company was convened and held al
      431 words
    • 374 29 LIQUOR LICENCE NOTICE NOTICE IS HEREBY GIVEN that. I TEO TAT MENG of BLK 122. McNAIR ROAD *09-53 Singapore 1232. have applied for a RETAIL LIQUOR SHOP licence in respect of premises at M s SOON SENG HI'AT <S) PTE LTD at 517-519 SERANGOON ROAD Singapore 0821. and that this
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    • 414 29 IN THE MATTER OF THE COMPANIES ACT. CAP. SO ANO IN THE MATTER OF ENG EWE TEIK COMPANY PRIVATE LIMITED (In Members' Voluntary Liquidation) NOTICE IS HEREBY GIVEN pursuant to Section 306(1) of the Companies Act, Chapter 50. that a Final General Meeting ot the abovenamed Company will be held
      414 words
  • Page 29 Miscellaneous
    • 277 29 5 Spirit shown by a woman j—^ 8 "No fruits, no flowers, no I I I I I leaves, no birds, dismal time indeed! (8) '0 I 9 Red mark allowed (7) 10 Guy the Parisian and the L i I I I I I I I painter (5) jj—
      277 words
    • 167 29 Singapore Outlook: Showers over several areas in the late morning and early afternoon. Report Maximum temperature 31.5 Assoc humidity 72% Minimum temperature 24.5 Assoc humidity 95% Hours of sunshine 3.65 Rainfall in mm 0.5 Rainfall this month 45.9 Rainy days this month 8 World report Asia-Pacific Hi/Lo* Cond. Auckland 15/10
      167 words
    • 26 29 (yt HAV€.N*T..J (ueucomc BBCK Nice TO u ,->1 y .1' ysee w-; TA 3 r/KP'T|P' H "/OUR OFf »C€. I t) ASSOCIATED WWVAK1U LTO, 1M2-1M2 ©676
      26 words

  • 499 30  -  Philippine election From Al O Labita and Evangeline Gamboa EMOTIONS ran high in the Philippine capital yesterday as conflicting reports on who was leading the presidential race surfaced. Various unofficial tallies put former trial court judge Miriam Defensor Santiago in the lead, while
    499 words
  • 162 30 Reuter WASHINGTON Initial claims for state unemployment benefits rose by 10,000 to 424,000 in the week ended May 2, the US Labour Department said yesterday, reflecting the fragile state of the economic recover). The running four-week average of new filings viewed as a
    Reuter  -  162 words
  • 340 30 South China Morning Post HONGKONG China s government-owned businesses would be singled out for US sanctions under a new plan being considered by lawmakers in Washington who want to link trade with Beijing's human rights and arms control behaviour. The US Congress
    South China Morning Post  -  340 words
  • 455 30 Reuter, IHT STUTTGART German public scctor workers have rejected a compromise pay deal their leaders hammered out last week to end their 11-day strike, the OeTV union announced yesterday. In a new bid to head off the first strike in the engineering sector in
    Reuter,; IHT  -  455 words
  • 357 30 AFP BANGKOK Thailand's major hotels arc losing hundreds of clients because of massive street demonstrations amid a still unresolved political crisis, hoteliers said yesterday. The tourist industry, already hard hit by the recession in the West and other negative factors, would take
    AFP  -  357 words
  • 383 30 Reuter JAKARTA Indonesia's ruling party has called for the end of sweeping powers given to President Suharto 26 years ago in a move which political analysts say reflects the country's coming of age. "Our society is getting more mature. (The ruling
    Reuter  -  383 words
  • 212 30 AFP LONDON Unemployment in Britain rose by 42,600 in April from March to 2.695 million, the highest level for more than four years, official seasonally-ad-justed figures showed yesterday. This raised the unemployment rate to 9.5 per cent of the workforce from 9.4 per cent. Unemployment
    AFP  -  212 words
  • 562 30 Japan, Germany to face pressure at meeting of industrial powers AFP —I PARIS Japan and Germany could facc some pressure for bolder steps to support a recovery that is slowly picking up momentum, but leading industrial powers will maintain the basic thrust ol
    AFP  -  562 words
  • Page 30 Advertisements

  • SHIPPING TIMES
    • 380 31  -  By Rahita Elias NATIONAL CARRIER Neptune Orient Lines (NOL) has sold its oldest multi-pur-pose vessel, Neptune 1 urquoise, for $5.3 million in line with its strategy of maintaining a young fleet. At a financial seminar held on Tuesday, NOL chief operating officer
      380 words
    • 376 31  -  Joint venture to serve Vietnam and North Asia By Dexter Lee SINGAPORE Hongkongbased Gemartrans (Asia) Co Ltd has struck a deal with Japanese major Kawasaki Kisen Kaisha Ltd (K-Line) to offer a joint containership service between Vietnam and North Asia. The new
      376 words
    • 1163 31 Page Col ABC Containerline 12 1 Accord Group 8 1-3 Ahrenkiel Liner 16 4 Allied-Link 16 4/5 Alpha feeders 18 3 Anglo Orient 16 1/2 ANI. 3 1/2 APL 5 3-5 A cWarehousing 15 5 Arrow Int 9 2 Asian Break-Bulk 16 4
      1,163 words
    • 157 31 Reuter WASHING TON The US House has approved a bill that would bar new ships built with subsidies in foreign shipyards from calling at US ports. The vote was 339-78, well in excess of the two-thirds majority required to override a threatened presidential veto.
      Reuter  -  157 words
    • 266 31  -  By Ramesh Divyanathan SINGAPORE Wilhelmsen Lines, an Oslo-based shipping line has moved its regional office from Hongkong to Singapore, reflecting the increasing importance of the South-cast Asian region to Northern Europe. The line's general manager Per Stensli, (explaining the reason for the
      266 words
    • 302 31 AP TAIPEI Taiwan's most prominent tycoon has urged the government to open direct sea links with selected Chinese ports to facilitate Taiwanese investment on the mainland, local media reported on Wednesday. Wang Yung-ching, chairman of the Formosa Plastics Group. Taiwan's
      AP  -  302 words
    • NEWS SUMMARY
      • 46 31 SABAH SHIPYARD is now in better shape than it has ever been in its 20-year history. New capital and new blood are being injected into it. Rahita Klias lakes a look at the expansion plans of the once-ailing yard Page 2
        46 words
      • 37 31 AUSTRALIA'S governmentowned domestic carrier Australian Airlines would like to fly internationally but may opt for an alliance with a foreign airline to ease costs, the airline said Back Page
        37 words
      • 41 31 QATAR on Wednesday signed a 25-year deal to supply four million tonnes pef year of liquefied natural gas to Japan's Chubu Electric Power Co from its vast offshore North Field gas reservoir Back Page
        41 words
      • 35 31 NIGERIAN authorities closed Lagos university and deployed large numbers of police in the city early yesterday after riots sparked by fuel shortages reportedly left three people dead Back Page
        35 words
      • 53 31 CARL C Icahn. the chairman and chief executive of Trans World Airlines, has found what he hopes is a solution to one of the perennial problems of the nation's carriers how to avoid a glut of idle aircraft when traffic falls off in the
        53 words
    • LOG BOOK
      • 104 32 MARSEILLE, France French dock workers took to the streets as parliament began debate on a Bill to scrap 45-year-old working practices in the country's ports. Union leaders said nearly all the 8,300 registered dockers continued to follow a one-week strike that started
        104 words
      • 46 32 SINGAPORE Mail services from Singapore to Cambodia and Vietnam will resume today. Air surface letter and parcel mail services will be available to Cambodia, while surface parcel mail service will resume in Vietnam, according to a statement from Singapore Post Pte Ltd.
        46 words
      • 77 32 HONGKONG China will buy 10 Dutch-built Fokker FlOO passenger aircraft as a reward for the Netherlands suspending the sale of US$2.7 billion (554.4 billion) worth of submarines to Taiwan, a weekly magazine said yesterday. The US$273 million contract was the first instalment of nearly
        77 words
      • 64 32 LONDON An explosion on board the combination carrier Lady Sky, during repairs at Perama, Greece has killed one person and injured one other so far, Lloyd's Shipping Intelligence said. No more information has been released by the port authorities. The 154,900-dwt Lady Sky, which is
        64 words
      • 80 32 SINGAPORE Air New Zealand has won an international award for its inflight duty-free service, trumping the run-ner-up award it received last year for its Skyshop. America's Onboard Services magazine has given its 1992 Best Inflight Duty Free award to the carrier mainly because of its
        80 words
      • 116 32 LONDON The commander of a British nuclear submarine has been charged with negligence over the sinking of a trawler in which four fishermen were killed, the Defence Ministry said yesterday. A spokesman said Lieutenant Commander Peter McDonnell, who was in command of the submarine Trenchant at the
        116 words
    • 1163 32  -  Sabah Shipyard is now in better shape than it has ever been in its 20-year history. New capital and new blood are being injected into it. Rahita Elias takes a look at the expansion plans of the once-ailing yard Rahita Elias Malaysia's Sabah Shipyard is
      1,163 words
    • 631 32 Carbon Cjrt>on Ap 30 taut, HUiIM MM M/ Exxon 00 KG/M*3 1o V/V 1 M/M M M PPM method KG M*3 V/V M/M M/M g fftL..mttoo4 BO/Cmx imts Spec E25 991 TO lTo 010 30* OK)* Eastern USA 180 Ave 984 04 13.8 0.06 7 0.02
      631 words
    • 13069 40 This is a list of ships loading n u at Singapore tor ports around the world. It tabulates, by destination, the name of the B im ship, the shipping line in- Aha volved and the estimated l>jn dates of arrival and departure from the Port of Singapore.
      13,069 words
    • SHIPS IN PORT
      • 641 47 Vessel Voy No Berth Arrival Departue Vassal Voy No Barth Armi Departure Marina Terminal 1 Batam Maiu *****2 M04 alongside 15 05 2300 Batam Murni *****2 M04 alongside 14 05 2300 Brastagi 1 19.92 M02 alongside 1505/2300 Btm Bahagia *****2 MOb alongside 14 05 2300 Fga 38*
        641 words
      • 235 47 Johore Port Berth: 1: Barge Kuala Siak No 3; 2: Qing Jiang; 3: Wu Chang. 4: Provo Boaning; 5: Tristar No 1; 6: Barzan Oi jetty: Southern Queen. Suci. DCJ: nil Due on May 14: Cliff. Bunga Kasturi. Million No 3. Fortune Clipper. Barge Malvest No.l, Johan,
        235 words
      • 1368 47 wmm DELIVERY UIT7i CONTAINERS IN PROGRESS St* Voy No Containers avaiatte Ship Voy No Contarars avalable Ad Goncharov 19SI92 *****2 0415 Ocean Osaka 21/265 COO(EST) 14 05 92 1500 Cak Pegasus 04 13 05 92 1006 Sea Fortune SM015 COO(EST) 14 05 92 1500 B Btdara 117 *****2
        1,368 words
    • 1205 48 May 15-16 days): ISO 9000 for Warehousing and Distribution Centres, organised by Singapore Institute of Purchasing and Materials Management. For more details, please contact SIPMM Secretariat at tel: 273-4172 or fax: 274-1132. June 1-2 (2 days): Contract Formation The Materials Management Way. organised by Singapore Institute of Purchasing
      1,205 words
    • 680 48 THE DRY cargo freight market's recent firmer trend lost momentum as new fixtures slowed, brokers said on Wednesday. The Baltic Freight Index (BR) fell one point to 1,268, ending a 127 point rise over the past month. "We've seen the peak... the new direction may continue." said a
      680 words
    • 393 50 Reuter SYDNEY Australia's gov-ernment-owned domestic carrier Australian Airlines would like to fly internationally but may opt for an alliance with a foreign airline to ease costs, the airline said on Wednesday. The airline was interested in destinations such as Japan, Singapore, Thailand,
      Reuter  -  393 words
    • 280 50 Reuter MANAMA. Bahrain Qatar on Wednesday signed a 25-year deal to supply four million tonnes per year of liquefied natural gas (LNG) to Japan's Chubu Electric Power Co from its vast offshore North Field gas reservoir. Under the agreement, signed in Doha by
      Reuter  -  280 words
    • 451 50 JAKARTA The government will construct a new airport in West Sumatra with an initial investment of around 400 billion rupiah (SS32O million). Director General of Air Transportation Zainuddin Sikado said the feasibility study for the construction of the airport was now underway. He
      451 words
    • 314 50 AFP LAGOS Nigerian authorities closed l-agos university and deployed large numbers of police in the city early yesterday after riots sparked by fuel shortages in the oil-rich nation reportedly left three people dead. Police Commissioner Yemi Odubela said his forces were
      AFP  -  314 words
    • 326 50 Netprotect service to reduce long-distance calling fraud UPI NEW YORK CITING the mushrooming cost of long-distance telephone fraud. American Telephone and Telegraph Co announced plans on Wednesday to combat theft of long-distance telephone services from customers. ATT's program, dubbed Netprotect. is an array of software,
      UPI  -  326 words
    • 590 50 NYT NEW YORK Carl C Icahn. the chairman and chief executive of Trans World Airlines, has found what he hopes is a solution to one of the perennial problems of the nation's carriers how to avoid a glut of idle aircraft
      NYT  -  590 words
  • Page 31 Advertisements
    • 8 31 For advertising enquiries, contact Shipping limes Tei 740-20*9/7*o-2090
      8 words
    • 131 31 the FAMOUS imk/pmtk KHUCa 224 1833 Kor more information please refer to Pg. 13 Contamer Schedule 17 Daly Fraghts 1® Index 1 Shipping Guide »O.U Stops in Port Smgapore Tides Transport Diary Veritas Report Weather and Sea Conditions 1/ f I w,. r W f s> v 'j£\-t\ I SOME
      131 words

  • Page 32 Advertisements
    • 93 32 It could be a controversial deal between two stock 17 market stars, a thought-provoking report by -rfi university researchers on the latest trans-European FOCUS zooms in on the news and issues of the day and looks at them in more depth and breadth. FOCUS is the news feature section of
      93 words

  • Page 33 Advertisements
    • 2257 33 mm OOCL (8) PTE LTD JAROINE SHIPPING AGENCIES *t|f## All www BOOKINGS TEL: *****34 *****58 ■HUM TERMINAL/CFS TEL: *****18 220 I DwQj T PEBAKA JAROINE SHIPPING AGENCIES SON. BHO. PORT KELANG TEL: *****18 FAX: *****91 *****88 0 PENANG TEL: *****4 FAX: *****1 CFS TEL: *****6 hmmm Dedicated to Quality Service
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    • 952 33 Find out how sellers are reaching out to buyers in Advertising and Marketing. Every Thursday in BT imUmflllk I UNITED ARAB SHIPPING /SAG/1 M VSI/VOY SW WYC BAI 0»f SAW 1 smi* toy n im n/J iJ/J JJ/J 5/7 I »wm«i n n/« I it u«MMt *3 n/» nn nn
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    • 1326 33 ■QBOSsagaa NEXT SAILING TO (J.S.A. SEALAND EXPRESS VI74E ETA SIN 18/5/92 MARIT MAERSK V 9208 ETA SIN 19/5/92 Vessel Voy ETA ETD Feeder by DESTINATIONS World Lynn/ Arte* This weefc Merit Maersk 9204 CY 19/5 0800 MRS Port I CFS 16/5 2359 MRS Kelang Panang OAK LQB HOU MEM ATL
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  • Page 34 Advertisements
    • 1269 34 FTdamz Hnrm I I VOY NO S PORE JEDDAH SHAMTON H BURG ANT LE HARVE ■USU3 |w HOECHST EXPRESS 03/319 17/5 3/6 5/6 8/6 9/6 1. HAMBURG EXPRESS 08/120 22/5 31/5 14/6 10/6 9/6 WWBUWtHWM I HANNOVER EXPRESS 08/320 24/5 10/6 2/6 5/6 16/6 CNNO TO UK/COHTKMT I KUR AMA
      1,269 words
    • 627 34 lEASPAC SERVICE COMTAIMKKIV MIAMPM L DKECT SOUTH PACftC SERVICE I SIN |NOU SUV PPT I JANIKA II 3601E8 25-27/5 7/6 10/6 16/6 I PALEMBANG 3702E8 25-28/6 10/7 13/7 18/7 I Trans'* Tim# 1(13) (16) (22) I M.SO ACCEPTING CARGO VIA SUVA TO: LAUTOKA. PAGO PAGO. I APIA. NUKUAIOf A. P
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    • 1344 34 ESnuaii By REGULAR INDEPENDENT FULL CONTAINER SERVICE WESTBOUND TO EUROPE IS/HOT «> Si 1 ALG) HAM) ROT) NORAStA PEARL 9211-3 IS/05 0«/06 10/06 12/06 13/06 14/06 15/06 16/06 17/06 JAPAN SEA 212W 24/05 16/06 H/06 20/06 21/06 22/06 23/06 23/ OS CHINA SEA 213** 31/05 22/06 23/06 24/06 25/06 26/06
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  • Page 35 Advertisements
    • 1661 35 H STRAITS SHIPPING PTE LTD 15 Hoe Chiang Road #09-01 Sanford Building I Singapore 0208 Tel: *****89 Fax: *****17 U ACCIPIS Ml SM.S SPORt B'KOK I CARGO MARION V 005N 16 17 MAY 20 21 MAY P STRAUS VCNIUM Vl2l Mu*J. lib. KK In Ml 5 Ma, K0 WK***** 17-U
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    • 2211 35 Wa SINGAPORE AGENT: IjOj/A IflAfC P&O Containers (Singapore Agencies) Pte Ltd X iVI W 1. jtlllLfllilCf J 15 Hoe Chiang Road #08-02 to 06 Sanford Building. Singapore 0208 Tel: 225 2233 Tele* RS ***** PNOCSP Fax: 225 5327/222 7517 «'\C CR Number **********0Z EXPORT MPoR \ss 3S s. ss. r
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  • Page 36 Advertisements
    • 581 36 CR NBR **********0-D EXPRESS SEMI CONTAINERSHIP SERVICES TO EUROPE m VOT STORE ROAM; MM H'BURC BREMEN ANTWERP ETA/D KUTAI 25N8 20 23/5 1/7 ill J/7 13/7 FAST TRANSIT TIME ACCEPTING BREAKBULK/CONTAINERISED CARGO Subpct to Inducement. Also accepting cargo to Caaablanca, Port Said. Port Alexandria, Qanoa, Triaata. M.SO ACCEPTING BOTH COWAWERS.
      581 words
    • 1498 36 I (g) HANJIN SHIPPING cna iki SIN LINE HAUL LGB OAK FOR VSL SM LMI HAUI SAV IM NYC uiMj|N RUMEN 0031 16 b DIRECT 6 10 6 HANJIN CHEJU M3E 22 6 M KEELUNG 037E 30/7 Jl/7 2/1 HANJIN fEUXSTONE 013E 24 5 MttCT 14 6 FISHGUARO BAY 18
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    • 1139 36 H -TH "M H I Ml SGP KSG WG HC PUS Ml OS* Ml 9U HO LAI CHS BAt NTC IHV Ml* «0M I» «C P® "f 1 J® I v* t. r.;i ti ».i««™»>' »j»; u »i r, r, I I laws, £i 83 S3 li 3 83 S3
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  • Page 37 Advertisements
    • 1552 37 Jf NEPTUNE AGENCIES PTE LTD SINGAPORE TEL: *****77 (CR NO: **********0E) VV BOOKINGS: (TOLL FREE) ?EPTUNEUNK TEL *****00 (TOLL-FREE) FAR lASTSERVICE *****00 IMPORT CFS MB2 *****69/*****96 HUki CK/EUROPE SERVICE *****00 EXPORT CFS MB2 *****53/*****50 *****00 *****87 A penana-<O4) *****0. J Bahru-(07) *****2/3/4 38^^245/ (31) *****2/546, Semarang (24) *****6, Paniang (721)
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    • 1147 37 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD BOOKING: 5399X51/ *****64/ *****06 (FESCO LINE) ENQUIRIES: *****33 MARINE INSURANCE SERVICE: *****87/ *****87 KL- 03-*****75/697 PORT KELANG: *****43/ *****40 JAKARTA: *****57 PENANG: *****4/ *****8 tOHORE BAHRU: *****1/ *****1 (REGULAR INDEPENDENT SERVICE) SERVICES I lEASTBOUND -PtSCHAKONG WESTBOUW-lOWNG TWMCHFPfI) WA TOTTtHMM II I WJSUS VOT
      1,147 words

  • Page 38 Advertisements
    • 1388 38 K 44 "W" AS AGENTS KAWASAKI SINGAPORE (PTE) LTD ICR No: **********0 M) v V TEL: *****77 TELEX; KAWAKIRS23I6S FAX: *****07/8/9 i |%l M MALAYSIA: *K~ UNE MARITIME (MALAYSIA) SON BHD t XLI 1 JLZ* TEL: SA *****00 PK *****01/5 PENANG *****0 JB *****1 ■■H KAWASAKI KISEN KAISHA, LTD INDONESIA:
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    • 1168 38 PHIU-ORICNT UN€S PTC LTD If 108 Robinson Road #07-00 GMG Building Singapore 0106 Tel: *****22/*****69/*****00 Telex: RS ***** FAX: *****76 *****38 CfA BY AIR, LAND OR SEA.... 2&L we take on the world for you w MEMBER OF SINGAPORE FREIGHT FORWARDERS ASSOCIATION AUSTRAL!ANEW ZEALAND/SOUTH PACIFtC FCULCL SERVICE} 18 MAY SYDNEY.
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  • Page 39 Advertisements
    • 2011 39 PACIFIC INTERNATIONAL LINES (PTE) LTD U&5S5* V ml JBV 140 Cecil street #03-00 PIL Building. Singapore 0106. Tel: *****33 CR NO: 10Q*****000E UAKAftTA —I [BAKiQKQK VESSEL VOY SIN BKK «N VESSEL VOY SIN JKT SIN OZINTSEV 25N 16/5 10/5 23/5 KOTA INOAH »1 17/5 1«/5 24/5 KSR2IB 17/5 20/5 23/5
      2,011 words
    • 696 39 ■M P F I Y EXPRESS CONTAINER SERVICE TO UK-NORTH CONTINENT'SCANDINAVIA WEEKLY FEEDER VESSEL PENANG P KELANG OCEAN VSL' VOY SIN SOU (1) RTM (2) HAM (3) GOT (4) ANSON/TBN isTs 16/5 AROSIA 2192 19/5 5/6 7/6 8/6 10/6 ANSON TBN 22/5 23/5 NIHQN 2202 26/5 12/6 14/6 *5/6 17/6
      696 words
    • 281 39 M MYANMA wBBk FIVE STAR LINE 1 (Myanmar National Lin*) Loadhf for Yanion (Rantoon) S'porc P.KIg Pan P.Gdg HP A-AH ¥177* 19/21 May 15/17 May MYOMA TWA VI42W 24/24 May PAGAN VIS3M 25/21 May I HPA-AM VI7W 1/10 tan NIGERIAN NATIONAL Ml SHIPPING LINE PP NIGERIA EXPRESS SERVICE raven MAJE
      281 words



  • Page 42 Advertisements
    • 1826 42 n's A/mts: Ml Chung Mat Shipping Urn Bhd P.T. ttoM hUn Indomsta Mmltlmt 29 A Jibn Koinl Hritr I Z'SSfSSS" 1 2tALorongCerr V crm g atMnßerangan %jutno6/j6tsm 3rd Moor Hoo, n JOI Southern Bank Bhd Building \rt *****1 Mm***"- T ™r. pi [fl HWt)*GIC33I 03 05 09 05 15 05
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    • 314 42 SAMUOEM MOONEStA (S) FTC LTD 11 MeCALLUM STREET #14-04 NATWEST CENTRE Singapore 0104 Tatex: R*****0 T*(: *****41-3 Fax: 22S 4*34, 227*134 FOB BOOKINGS CALL DIRECT LINE TEL: *****41/*****43^ SM/JAK SERVICE VESSEL VOY SIN JAK ENNO 901 15/05 (FRI) 17/05 (SUN) TWADIKA 924 16/05 (SAT) 20/05 (WED) LAWANTI 961 18/05 (MON)
      314 words

  • Page 43 Advertisements
    • 598 43 fj£ FAMOUS CONTAINER LINES 10 ANSON RD. #15-21 INTERNATIONAL PLAZA, S'PORE 0207 HOT LINE *****33 24 LINES LIMASSOL/PIREAUS 17/5 ROTTERDAM 17/5 HAIFA/ASHPOD/ALEXANDRIA 17/5 HAMBURG/BREMEN 17/5 MARSEILLE/FRANCE 17/5 FELIXSTOWE/UK 17/5 BARCELONA/SPAIN 17/5 LEHAVRE/ANTWERP 17/5 GENOA/ITALY 17/5 GOTHENBURG/SCANDINAVIA 17/5 LOS ANGELES/WC/IPI 17/5 SYDNEY/MELBOURNE 17/5 NEW YORK/EC 17/5 FREMANTLE 17/5 VANCOUVER 17/5 BRISBANE/ADELAIDE
      598 words
    • 791 43 58aMw5n555 ISI PTC ITD 1 EB TEL: *****33 (12 UnM) BFAX: *****15/*****03 TELEX: H3 ***** RISHIP (3 Lin—) ETHIOPIAN SHtfty LINES Y (National Lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL VESSEL VOV ETA J-OR SPORE NETSANE r "?6WB 05 06 U^ES S ALA*M M° MBA S* DJIBOUTI ASSAB MASSAW A
      791 words
    • 873 43 ■^budddhi B| ftssEL I VOT 1 m Ml VESSEL VOV BOMBMi If NANA BHUM MIS 16/05 10/05 MAHA BHUM# 10» SH 16/05 Wtd 20/05 II lARtJ BHUM 01SB 21/05 21/05 VMA BHUM*## 05H Mo" l'/0* T> 21/05 |1 WAMA BHUM 142S 23 OS 26, OS HAMTA BHUM 9QR Wt4 20/05
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  • Page 44 Advertisements
    • 1061 44 8 V S'PORE IMPORT: *****11 I PENANG. (04) *****6 SIBU: (084) *****9 KK: (088 *****0 TfWAU:(M9) 778^1 P.KELANG: (03) *****77 JAKARTA: (21) *****32 KUCHING: (082) *****3 SURABAYA: (31) *****0 UICSCANMEDPOBTS COLOMBO/S. AFRICA PEN PK SIN PEN PK SIN Colombo 15/5 16/5 17/5 16-S 17/5 18/5 Ldn/Fli/Rdm/Ant Durban/Pt Louis 15/5 16/5
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    • 222 44 BLUE STAR LINE TO FROM ZEALAND AND T/S TO FIJI TO AND FROM NEW ZEALAND PORTS SIN NPt *KL ITI Sm tU S(AM 0520 16/5 27/5 JJJ- PHtMIR 1«S W/5 10/' JJJ- MUIBERA 27S 12/# 2«/6 NTI 26/6 13/7 FULLY CONTAINERISED SAILINGS DISCHARGING AT NEW PLYMOUTH LYTTELTON, ACCEPTING FCL LCL
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    • 1023 44 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 ***** IENHOL CABLE: TOSOCO CONVENTIONAL/CONTAINER I cfIMTi—IWMM SINGAPORE TO WEST MALAYSIA SINGAPORE TO WEST MALAYSIA vessel Ivoy let* Ihst vessel wot spore p. keuiwc KIM
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    • 813 45 snipping nmes, many m»y io int COMPANIA PERUANA de vapores "PERUVIAN STATF LINE" ACCEPTWG BREAKBULK/FCI/SOC CARGOES TO/FROM CALLAO. MAT ARAM, 10* t OTHER PERUVIAN PORTS* WITH T/S AT KOBE ON CPV THROUGH BILL OF LADING. W?V'EVERETT ORIENT LINE" JAPAN/BAY OF BENGAL/JAPAN SERVICE ACCEPTING BREAKBULX/SOC CARGOES TO/FROM KOBE, YOKOHAMA, NAGOYA, MOJI,
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    • 564 45 csaz i wm\ N.AMERICA/CARRIBEAN SERVICES vessel Ivor |sw Imaihlikb [hot lui Ikst saw wtc I 7IMMELBOUW LISL 111}- m SAVAHHAH Ui— IL4_ 211- IHi- Ml- ML- I m ALHAMMIA 71E li/S «l SAVAWWH 37t lt/6 »/6 W/6 1/7 l/j_ I m AAOHSAJNG 113 L iAM JAMB 21— _iZi_ 11L_Z_ UZ2-
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    • 553 45 MULTI-MODE SHIPPING PTE LTD MIDDLE-EAST/PERSIAN GULF accepting fcl/lcl DUBA. DAMMAN SHARJAH. DOHA MUSCAI BAMRAIN ABU DHABI BANOAR ABBAS If DO AH FAR EAST ACCEPTING FCL/LCL PFNANC. P KEIANG JAKARTA BANGKOK HONG KONG. TAIWAN JAPAN MANILA KOREA UK/EUROPE ACCEPTING FCL/LCL LONDON FELIXSTOWE LEEDS. lILBURY ABERDEEN LE HARVE HAMBURG ROTTERDAM ANTWEP. GOTHENBURG.
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    • 617 45 MONTHLY DIRECT CONTAINER SERVICE SIN TO ALGERIA ALSO CALLING MARSEILLE/LASPEZIA 23/ VSL FREITAL ETA SIN 20 MAY 25/ TWICE WEEKLY CONTAINER SERVICE 25/ SIN/MADRAS/SIN I WITH TRANSHIPMENT TO: x, ASEAH/AUSTRALIA/FAR EAST/MEDITERRANEAN/EUROPE WEEKLY CONVENTIONAL SERVICE SIN TO CHINA 23/ WEEKLY CONVENTIONAL SERVICE 23/ MADRAS/COLOMBO/ BOMBAY/KARACHI WEEKLY CONVENTIONAL SERVICE S|N EAST AFRICA/RED
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    • 473 45 SIN FM EAST 25/5 KEELUNG/KAOHSIUNG 25/5 BANGKOK 23/5 MANILA/CEBU 25/5 JAKARTA/BELAWAN/SURABAYA 25/5 PORT KELANG/PENANG/E. Malaysia 25/5 BUSAN 24/5 TOKYO/YOKO/KOBE/NGO/OSA 25/5 HONG KONG SiN CHINA 25/5 GUANGZHOU/HUANGPU/SHENZHEN FUZHOU/XIAMEN/SHANTOU DAUAN/SHANGHAI/XINGANG TIANJIN/QINGDAO/HAIKOU also accepting LCL cargo EUROPE/UK 23/5 LDN/FLX/LVP/SOU 23/5 RDM/HAM/ANT/LE HAVRE/GENOA/OSLO also accepting cargo to Austria/ Hungary/Roumania/Poland/Bulgaria/Czech. SHI USA/CANADA 25/5 LOS ANGELES/NEW
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  • Page 46 Advertisements
    • 802 46 «T FIL CONTAINER SERVICES PTE LTD I f MADRAS CALCUTTA VSL SIM/MADRAS VSL SIN/CALCUTTA SM MAO SIN SM CAI SM NIXI AVAHABU UU 05 It II Oi 24-25/05 *»l AMtABU 13-14/05 2074/05 JO 31/05 13 14,05 20 22/05 21-25,05 21 22/05 2*ol/06 07 01/06 16 17 05 23-25/05 30-31,05 26-27/05
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    • 486 46 EontermJ I CONTERM FREIGHT (F.E.) PTE LTD. I GUARANTEED WEEKLY CONSOLIDATION YOUR FIRST CHOICE TO:— AUCKLAND 15 May BANGKOK 17 May FREMANTLE 28 May EUROPE 17 May GOTHENBURG 17 May j PENANG 18 May PORT KELANG 22 May JAKARTA 20 May i MELBOURNE 19 May SYDNEY 19 May ©*****33 (KATHLEEN/
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    • 524 46 Next Week's Sailings P^F9 ETD ETD ,o: Singapore lo Singapore U L L i/ne/o') Rotterdam 23/05/92 Bangkok 24/05/92 Antwerp Manila 24/05/92 Los Angeles 24/05/92 Culombo 24/05/92 East Coast of USA) fk Singapore Tel: 778 6522 CtISL Fax: 779 2738 Johore Tel: 07-*****8 Fax: 07-*****3 Alfred Ng 7&AA£S-Z/A//C INCHCAPE SHIPPING SERVICES
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    • 446 46 I! I FCL/LCL SERVICES I MANILA ETA I VIGOUR SINGAPORE 26N8 16_5 i I VIGOUR PACIFIC 63N8 23J> I BANGKOK 17/5 24/5 BUSAN 18 5 25/5 I HONGKONG 16 5 18/5 USA 18 5 25/5 I PT LOUIS DURBAN 18/5 4, 6 KtILUNG 18 '5 25 5 I PI KELANG
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    • 9 47 Managers must manage. BT shows you how every Monday.
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  • Page 47 Miscellaneous
    • 454 47 TIDES AND WEATHER TOPArS TIDES (hetght in metres) HOUR 0000 0100 0200 0300 0400 0500 0600 0700 0800 0900 *****100 1200 *****400 *****600 *****800 1900 **********00 2300 JR 23 1 7 12 08 05 05 06 10 16 22 25 26 24 20 15 1 1 09 08 10 1.4
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  • Page 48 Advertisements
    • 250 48 ULTIMATE FREIGHT SERVICES AUSTRALIA .WA** frtw ffr U.»» fw* SW A VwfTr A 4 -wJI dl W 'U y v v vV If ammwtnm* tar CANADA Uf: -Cilpry,Uwwton.MwfcHlßwftiiwfcfc, •wBp s j s '> I vi %p |M <-^ BiMIGKOK Wtafrtt Kwi Swfa, Qw*c C*y. M£*TOS -i*tu* 77**/TZ^Z mm PACfftC ISLANDS
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    • 405 48 I iL cosco j UKC CONVENTIONAL SERVICE VESSEL PKL PNG P.O. LOADING FOR: A VESSEL 28/05 Rotterdam/Antwerp CMMA CONVENTIONAL SERVICE I I VESSEL PKL PNG P.O. LOADING FOR: IkAIHENG 15/05 20/05 Huangpu/GuanflZhou COSCO FULL CONTAINER SERVICES (FCL/FCL) EXPORT TO: CHMA/BANGKOK/HONGKONG EUROPE/CONTINENTAL WEST MEDITERRANEAN AUSTRALIA US WEST COAST PERSIAN GULF/KARACHI I
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    • 341 48 APPOINTMENTS ADVERTISEMENTS ATTRACT THE RIGHT CANDIDATE MWfl CONSOLIDATION wm mm WW y SyWWW\ BEIJING CHANGCHUN CHANGSHA flflT \Z 1 Xlf 'I I I CHENGDU• CHONGQING• FUZHOU I|m I V II V m II I VGUIUN• HARBIN• KUMMING• XIAN II ml V LJ MA > I M I NANNING• QUANZHOU• SH6KQU
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    • 166 48 PENANG, PORT KLANG,-»HONG KONG,-»CHINA REGULAR LCI AND FCLINTERMOOAL SERVICES 3 SAILINGS A WEEK I BEIKAI DALIAN, FUZHOU, GUANGZHOU. HAIKOUHUANGPU, JIANGMEN, JIUZHOU S (ZHUHAI), LANSHI (FOSHAN), MACAU, NAHJMG,> MANNING, NINGBO, QINGDAO QUANZHOU^ RONGOI (SHUNDE), SHANGHAI, SUARTQU, SHEKKI, SHEKOU, SHENZHEJiSHgWO (PANYU). TAIPING ([XJNGGUANI XIAMEN, XIANGZHOU (ZHUHAI), ZINGANG, ZINHUI, WUZHOU, ZHANGJIAGANG, ZHANJIANG, ZHAOQIING,
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  • Page 49 Advertisements
    • 1203 49 A HYUNDAI VIA FEEDER PACIFIC SOUTH-WEST SERVICE PfM* PKE» 1 PGP* 1 S*T TO US* VW W OAK DAL/HOU CHI SIU NYC 2S/M 22/04 24/04 oi/oT~ H. INNOVATOR 49C 0«/05 25/05 2S/05 2«/05 29/05 29/05 31/05 05/05 29/04 01/05 01/05 H. EXPLORER 4tt 15/05 01/0 C 04/06 04/06 05/06 05/06
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    • 482 49 STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS mB«INP VESSELS KSSEL Ml V PI MR U Tim AOTO J» SLO Ml K/S SUI CEDAR 12 SID SEI lUS S3 IS IS/S SONBAI II It 20/S TARJOBC EMS 22 20 5 22/S CNiarm toader 2s 2S/S 27 s (ISTIIH IMI
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    • 734 49 JEDDAH/UK/CONTINENT ISTORE |K0 S lON H-BURG RDAM LEH •Mm Acccpta* Carjo Far HOECHST EXPRESS 03/310 17/5 3/« St 0/t Southamptor ltd UK tfntnatari Bdtait and Out* HAMBWC EXPRESS 0 00/120 22/S 30 S 13/6 0/4 0/4 Rotterdam tt Ariwp, Airetardam. o*. HM HANNOVER EIPKSS VOO 320 24 5 10/4 12/4
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    • 124 49 BINTAN6 MAS SHIPPING PTE. LTD. 39 NEIL ROAD SINGAPORE 0208 TEL: *****5S TLX: R*****5 SINMER FAX: *****64 accept? p«n or CAP GO S-POW KSTMATOB ■NTMKKLMT VUE BMM. KM. KM mtCUKr IMX *0* It 11 Mar It# NaT Mura. lakm* KK HHTMK SM »12t 20 22 Mar 212* Mar IM*. Mi
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    • 92 50 Every Saturday in Business Times FOR SUCCESSFUL MANAGEMENT OF YOURBUjUNESS 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
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