The Business Times, 3 November 1992

Total Pages: 52
1 52 The Business Times
  • 16 1 Business Times THE BUSINESS PAPER FOR S-E ASIA MITA (P) 35/12/91 Tuesday, November 3, 1992 75*
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  • NEWS SUMMARY
    • 36 1 BONN Industrial production in former west Germany fell a provisional 2 per cent in September, the Economics Ministry said yesterday, confirming economists' forecasts that the economy is continuing to slide.
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    • 68 1 TOKYO Nearly 30 per cent of Japanese small and me-dium-size companies replying to a survey by the Japan Finance Corporation for Small Business reported losses in the past three months the highest rate in nearly 17 years, it was reported yesterday. Makoto Futaguchi of
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    • 34 1 SOME of Singapore's most notable young entrepreneurs are accompanying Deputy Prime Minister Lee Hsien Loong on a trip to Japan to sell Singapore as a total business centre Page 2
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    • 42 1 GEORGE BUSH, whose leadership in the Gulf War briefly made him one of the most popular presidents in US history, is battling discontent with the economy and a strong challenge from Bill Clinton in today's presidential election. Page 3
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    • 35 1 A SHARP cut in interest rates by the State Bank of Vietnam has signalled the success of the Hanoi government in reining in inflation with its new tight monetary policy Page 9
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    • 22 1 CHINA is seeking foreign funding for a controversial dam that will cost at least US$lO billion Page 10
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    • 24 1 BEHIND the economic miracle that is Japan are pockets of poverty that are slowly growing as recession sets in. Page 14
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    • 29 1 TWO YEARS after the takeover by Japan's Fujitsu, Brit-ain-based information technology company ICL is seeing more synergy take place in the operations of both companies Page 16
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    • 31 1 TANKER freight rates are likely to continue their slide as more new buildings will be delivered between now and the end of next year Shipping Times, Pg 1
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  • MARKET SUMMARY
    • 37 1 WALL STREET opened slightly higher yesterday on the eve of the US presidential election. The Dow Jones index of 30 leading industrials was up 1.06 points to 3,227.34 in the first five minutes of trading.
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    • 23 1 LONDON share prices were steady at midday yesterday. The FTSE 100-Share Index was up 2.1, or 0.08 per cent, at 2,660.4.
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    • 27 1 SHAREHOLDER funds of the Stock Exchange of Singapore (SES) grew to $93.5 million on June 30 against $39.5 million a year earlier Page 4
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    • 26 1 INDONESIA'S largest department store chain, PT Matahari Putra Prima, will open at least more seven stores in the next two years PageS
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    • 32 1 INDIAN companies are lining up to tap the Euroissuc market, expecting to raise US$l billion in fresh capital from overseas investors over the next six months Page 6
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    • 32 1 INTERNATIONAL banks, financial firms and central banks must pay greater attention to risk management in derivative instruments' business, where volume has surged in recent years, says a report Page 7
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    • Article, Illustration
      29 1 Monday Change BT-MGA 668.94 +12.99 Kuala Lumpur ....649.06 +7.75 Tokyo 16,853.36 +85.96 Hongkong 6,231.17 40.48 Sydney 1,410.2 -14.8 Friday Change New York 3,226.28 -19.99 London 2,658.3 +16.0
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    • 22 1 Exchange rates USS SS 1.6215 100 Yen SS 1.3108 MS SS 0.6458 Money market rates Overnight 1-1/2 unch 3-month 1-7/8 -1/16
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    • 37 1 London Gold AM fix USSS339.40 US$0.50 Rubber S'pore Nov 143.25'/kg -0.25 M'sia Nov 222 */kg unch KL Tin Turnover 42tonnes +19 Spot... M514.15 /kg -0.20 Grade pain ofl Turnover 906 lots -644 Jan MS916 /tonne -1
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  • 415 1  -  By Amy Balan SINGAPORE Has the new-year stock rally started? From the way prices behaved in some of the region's stockmarkets yesterday, investors appear to be taking no chances this year. From Singapore to Malaysia to South Korea, investors seem keen to have a
    415 words
  • 508 1  -  Figures show inadequate ways of computing growth in finance sector By Alvin Tay, Soh Tiang Keng SINGAPORE Profit from bank treasury activities rose 8 per cent last year to a record $1.72 billion, accounting for more than half of all bank profits.
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  • 249 1 I Reuter, AP WASHINGTON With voting only a day away, a flurry of last minute public opinion polls showed Democratic presidential candidate Bill Clinton's lead over Republican President George Bush widening to eight percentage points. A Wall Street Journal/ NBC
    Reuter,; AP  -  249 words
  • 447 1  -  By Paul Leo SINGAPORE The US dollar will strengthen regardless of who wins today's American presidential election, currency dealers in Singapore say. President Bush and challenger Bill Clinton have each vowed to pursue policies that will stimulate the economy and
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  • 484 1  -  By Shoeb Kagda SINGAPORE Businesses and corporations in Singapore will have an easier time filling in their tax forms and planning ahead with the new measures introduced by the Inland Revenue Authority of Singapore (IRAS), tax experts told BT yesterday. Last Saturday,
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  • 130 1 Reuter PARIS France took advantage of the new-found strength of the franc yesterday by cutting its key money market intervention rate for the first time in a year. The Bank of France cut the rate by a quarter of a percentage point to 9J5 per cent.
    Reuter  -  130 words
  • Page 1 Advertisements
    • 179 1 Nikon The World's Finest Photographic System. i i Arcraft Schedule 31 Jkt/Bkk/Chma Stocks 26 Umt Trusts 23 Commodities 30 KLS£ 25 Weather 31 Company News 4-6 Money Changer Rates 31 World News 11 Cryptic Crossword 31 Money Market 29 Busmess Times address: Times Editorial 12 Regional News 9 House. 390
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    • 26 1 Bush banking on issue of character to win race, Pg 3 Editorial: Bush is a known friend, Pg 12 The world according to Clinton, Pg 13
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    • 118 1 Nikon The World s Finest Photographic System Forex industry urged to boost trading in derivatives, Pg2 Hock Lock Slew: Gloucester deal is sound investment for CDL, Pg4 French franc emerging as a strong currency, Pg 29 t .is. BlancpaiN I a fjM^k The ultra-slim watch Since 1735 there has NEVER
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  • PAGE 2 NEWS
    • 473 2  -  Investment promotion team aims to sell Singapore as a total business centre By Chuang Peck Ming SINGAPORE Some of Singapore's most notable young entrepreneurs are accompanying Deputy Prime Minister Lee Hsien Loong on a trip to Japan to sell Singapore as a total business
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    • 351 2  -  By Schutz Lee SINGAPORE The Trade Development Board (TDB) has extended its support to five more local companies 'under its Franchise Development Assistance Scheme (Frandas) to help them expand their businesses in the region. The board will also lead a Singapore
      351 words
    • 238 2  -  By Helen Chang SINGAPORE European Commission officers will be in Singapore this month to visit at least one electronics company, Trio-Kenwood, to investigate charges of dumping compact disc players on the European market. Earlier this year, European CD player manufacturers Bang Olufsen, Grundig
      238 words
    • 457 2  -  By Soh Tiang Keng SINGAPORE The local foreign exchange industry, now going through a consolidation phase after heady growth in the 1980s, has been urged to play a wider role in the future. The Singapore Foreign Exchange Market Committee has called on
      Source: MAS  -  457 words
    • 191 2 SINGAPORE Singapore must produce more highlyskilled technicians and craftsmen for new niches rather than have too many Singaporeans chase after university degrees and white-collar jobs, said Education Minister Lee Yock Suan yesterday. An over-emphasis on academic qualifications and an unhealthy bias towards
      191 words
    • 528 3 US president slams opponent's character, fitness for White House US PRESIDENTIAL pgHfXbn Reuter WASHINGTON George Bush, whose leadership in the Gulf War briefly made him one of the most popular presidents in US history, is battling discontent with the economy and
      Reuter  -  528 words
    • 264 3  -  By Paul Leo SINGAPORE The US ock market will rally after >day's election, says the obal research head of a mair American broking firm. 32. Alan Benusuli, of Smith S&mey, Harris Upham and So, believes that whoever inns the
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    • 475 3 Reuter fI&ALLAS, Texas Political humorists and cartoonists «Kave had a field day making Hjpri of Ross Perot's Texas ptvane. flappy ears and Sftised-eyebrow stare, but to «£l)e short-fused billionaire, lining for president is very ious business. Long on cash but short in
      Reuter  -  475 words
    • 525 3  -  By Juliette Walker, Schutz Lee SINGAPORE On the eve of the US presidential election, businessmen here reckon the outcome is still a toss-up, but if pressed to wager, most would put small sums on Bill Clinton. While they expressed concern
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    • 378 3 Reuter WASHINGTON Bill Clinton has harnessed youth, dogged determination and a zest for politics to beat the odds and move excruciatingly close to becoming the first Democrat to win the White House in 16 years. He has offered Americans an
      Reuter  -  378 words
  • Page 2 Advertisements
    • 43 2 %<■ Where in the world will we flvto next? f f£: -%£L w. .i v.'' T |i MB|||| -A v#% jwfc>-''^y' "*7 s, V A 5w "V -V L >»► >» •is#,- 1 ~a\ -•t < 5 4 jfer'* ySi 5 ir> L. *f>. L— J _k—»
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  • Page 3 Advertisements
    • 98 3 AUDEMARS PIGUET The master watchmakers. the establishment distinctive bezel, locked in of Sincere Watch we e 'S ht Trul V' have worked hard to maintain one t^ie greatest watch a reputation for excellence In of the 20th centur V the we our customers and in the range of L* em
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  • COMPANY NEWS 1
    • COMPANY BRIEFS
      • 62 4 SINGAPORE CMB Packaging Singapore Ltd yesterday announced that its former director and managing director Lim Hong Keat (right) retired on Oct 30. CMB is being re-or-ganised to become a base for Asia-Pacific operations. It had earlier said it would appoint a group chief executive
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      • 88 4 KUALA LUMPUR Hong Leong Credit Bhd reported an 81.9 per cent rise in group pre-tax profit to M$ 104.33 million (5566.77 million) for the year ended June 30, from M 567.37 million a year earlier. It said group after-tax profit rose to M 556.85 million
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      • 91 4 KUALA LUMPUR Rothmans of Pall Mall (M) Bhd reported that group pre-tax profit for the six months ended Sep 30 slid 7.7 per cent to M$ 157.23 million (S$ 100.62 million), from M$ 170.43 million a year earlier. Group aftertax profit fell to M$ 102.43 million,
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      • 63 4 SINGAPORE Fast food group Inno-Pacific Holdings Ltd has appointed Chua Boon Keng as a non-executive company director. Mr Chua currently holds directorships in a number of companies, including insurance company MBf Insurans Sdn Bhd and KFC Holdings (Malaysia) Bhd. He is also currently executive director of
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      • 88 4 SINGAPORE UOL Equity Investments Pte Ltd, the property arm of United Overseas Land, has acquired 488,000 shares in United Industrial Corp, raising its holding to 81.54 million shares from 81.06 million shares. It bought the shares on Oct 30 at 94.11 cents apiece. Earlier
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    • 274 4  -  By Dawn Tan SINGAPORE Shareholder funds of the Stock Exchange of Singapore (SES) grew to $93.5 million on June 30 against $39.5 million a year earlier. The exchange's latest annual report, released last week, said $48 million of the funds came from fees
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    • 240 4 SINGAPORE Specialist construction group Guthrie GTS Ltd yesterday released details of the impact of its proposed one-for-one rights issue on its share capital, net tangible asset backing and gearing. The group also said in a circular that if the rights issue is completed by
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    • 226 4 Bernama KUALA LUMPUR Goh Ban Huat Bhd expects profit for the financial year ending Dec 31, 1992, to be approximately M$ 1 1.637 million (557.44 million) and for the 1993 Financial year to be M 513.145 million. Based on the existing share capital (as
      Bernama  -  226 words
    • 327 4  -  Project to be financed by $5 lm bond issue By Dawn Tan SINGAPORE Property tycoon Ng Teng Fong's listed Orchard Parade Holdings Pte Ltd is said to be finalising plans to redevelop its flagship building, the Orchard Parade Hotel. Business Times has learnt
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    • 200 4 SINGAPORE A Hong-kong-listed electronics supplier, Wong's Kong King International, has set up two trading companies here. It may seek a public listing for them in five years' time. WKK is a 17-year-old company with a HK51.1 billion turnover (*****.8 million)
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    • 790 4  -  THE HOCK LOCK SIEW COLUMN Earnings outlook looks good By Catherine Ong HONGKONG Let it not be said that there isn't a Singapore company with nerve enough to buy a multi-million-dollar asset in London at a time when the UK recession is threatening
      790 words
    • 484 5  -  By Sylvia Wong SINGAPORE Indonesia's largest department store chain, PT Matahari Putra Prima, will open at least more seven stores in the next two years to cash in on the demands of a booming local middle class. By 1994, it will
      484 words
    • 434 5 MARKET WATCH Reuter JAKARTA After months of suspense, Indonesia has finally allowed foreigners to buy banking shares and brokers hope it will give a boost to Jakarta's languishing stock exchange. The ruling, signed by President Suharto last Friday and which
      Reuter  -  434 words
    • 253 5 Bloomberg BEIJING More Chinese companies arc seeking a listing on the New York Stock Exchange, following the successful flotation of a Chinese mini-bus maker in October. Brilliance China Automotive Holdings, China's 37th largest industrial company, was the first Chinese company to list its shares
      Bloomberg  -  253 words
    • 196 5 Bloomberg HONGKONG Hongkong office furniture distributor and manufacturer Lamex Holdings is to make an initial public offering of shares and has applied to the Hongkong Stock Exchange for a listing, company officials said. Public subscription for the shares will be open in two weeks'
      Bloomberg  -  196 words
    • COMPANY BRIEFS
      • 97 5 HONGKONG There have been no substantial bids to buy a Hongkong commercial office building following the weekend collapse of a deal to sell it to a Chinese concern, an official for the local group said yesterday. "If someone were to make a
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      • 89 5 HONGKONG A Thai company is set to announce the establishment of a US$l billion (Ssl.6 billion) forestry, pulp and paper joint venture in southern China's Guangdong province later this week. According to an invitation to a media briefing and signing ceremony on Thursday, it
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      • 89 5 WELLINGTON Brewer Lion Nathan Ltd is forecast to post higher profits tomorrow but this has not relieved pressure on the company's share price. Analysts forecast the producer of Lion, Castlemaine, and Swan beer brands will report a profit before extraordinaries in the August year
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    • 342 5 AP SEOUL Foreign investors have emerged as a major force behind recent price surges on South Korea's stock market, opened to them just 10 months ago, analysts said on Sunday. Securities firms say foreigners' stock purchases in October amounted to US$45O million (SS72O
      AP  -  342 words
    • 275 5 AFP TOKYO Japan's Nissan Motor Co Ltd yesterday announced a smaller-than-ex-pected loss of 14.2 billion yen (S$ 184.6 million) for the first half and revised its forecast for the full year. The country's second-big-gest carmaker had been bracing for a pre-tax loss of 15
      AFP  -  275 words
    • COMPANY BRIEFS
      • 74 6 LONDON Strong sales growth is expected to help Britain's biggest food retailer J Sainsbury pic boost profits when it reports first-half results tomorrow. The company is expected to make first-half pre-tax profits of about £385 million (*****.9 million) to £395 million in the half
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      • 55 6 MINNEAPOLIS Supervalu Inc said it has completed its US$l.l billion (551.78 billion) acquisition of Wetterau Inc, creating America's largest food distribution company. Supervalu said Wetterau shareholders approved the acquisition at a special meeting in St Louis. Under the deal, Wetterau shareholders will receive U5530.25
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      • 86 6 NEW YORK Lexmark International Inc, the privately held printer and office products maker which split off from International Business Machines Corp, continues to pare debt from its leveraged buyout. But Marvin Mann, Lexmark's chairman and chief executive, said that while the company's strategy calls for an initial
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      • 76 6 NEW YORK Bell Atlantic Corp chief financial officer William Albertini said the company is targeting 6 to 9 per cent earnings growth sometime between 1993 and 1995. Chairman Raymond Smith said management's strategy to meet this goal and the fast emerging competition in the telephone industry
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      • 94 6 GENEVA A Geneva court has declared finance firm Sasea Holding SA, best known for its involvement in US film studio MGM-Pathe Communications Co, bankrupt along with its associated companies, Sasea Financiere and Sasea Trading. Vincent Jeanneret, one of Sasea's lawyers, confirmed the court verdict, which
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      • 53 6 BRUSSELS The Brussels bourse, after a disastrous 1991, expects to break even in 1992, bourse finance director Philippe Miny said. "If trading volume does not deteriorate in the last two months of the year, we can aim for break even, even for a slight profit,"
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    • 374 6 Bid to fund expansion projects amid economic liberalisation Reuter BOMBAY Indian companies are lining up to tap the Euroissue market, expecting to raise US$l.O billion (551.62 billion) in fresh capital from overseas investors over the next six months, brokers and merchant bankers say.
      Reuter  -  374 words
    • 427 6 Earnings lifted by lower mortgage charges, firmer insurance market Reuter LONDON Tobacco and insurance giant BAT Industries pic is set to show nine months pre-tax profits of at least 45 per cent tomorrow, boosted by lower third quarter mortgage charges and a turnaround in
      Reuter  -  427 words
    • 550 6 Governments urged to coordinate on corporate issues Reuter NEW YORK Mexican firms, which last year pioneered the issue of Latin American Eurobonds after the debt crisis, are on what analysts are calling an ill-timed borrowing spree, helped along by US investment banks. "Investment banks
      Reuter  -  550 words
    • 294 6  -  From Salil Tripathi in JOHANNESBURG FLUSH with cash but unwilling to invest in an ailing and unstable domestic economy, South African firms are scouting around for Australian acquisition targets. Anglo-American affiliate Minorco is looking at the British Petroleum stake of copper, uranium and gold
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    • 377 6 Reuter MADRID Failed British property firm Mountleigh Group pic has sold its glossy Spanish department stores Galenas Preciados to a group of businessmen led by a former Galenas director. The 21.2 billion peseta deal ends months of speculation about the fate of the loss-incurring
      Reuter  -  377 words
  • Page 4 Advertisements
    • 340 4 1 IN THE MARKET PAGES KLSE hits all-time high 25 Aussie market depressed 28 a Senior Manager Jorge Veiga Franca will be in Singapore on m November 3 to host a seminar supported by the Singapore m Manufacturers Association. For details please contact Mf I Geoffrey Kirkby or Debby Yu
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  • Page 5 Advertisements
    • 96 5 For the first time in Ada, a practical Seaslnarfor aU professionals involved im the various aspects of transacting Ike sale and purchase of ongoing haziness.Date 19-20 November 1992 Venue Westin Stamford Hotel Fee SSI, 295 per person Discount: 551,135 for 2or more delegates from the same company. Enquiries Ms Elsie
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    • 0 5
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    • 303 5 GIVE YOUR HQ THE EXHUME OmintsheO worry hoes M leading to fine lines Removed H the look of Diminished tired baggy eyes the onset d <««4Pfurrowed J stress lines Rerrxxed A Wm ■> open pores 111 and blackheads Omi.nshed the formation o( Removed vertical lage sags the start at the
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  • Page 6 Advertisements
    • 391 6 REPUBLIC NATIONAL BANK OF NEW YORK A SUBSIDIARY OF REPUBUC NEW YORK CORPORATION Consolidated Statements of Condition f September 30, UabilitieS and "September 30, Assets Stockholder's Equity Do iars n t"o .sa- Cash and due from banks 435,452 367,635 Non-interest bearing deposits: inWoct haorinn In domestic offices 776,238 714,669 9
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    • 282 6 Announcing the FIRST Major Conference On MINISTERIAL KEYNOTE ADDRESS vplus^ His Excellency Tomas I Alcantara Richard J Gordon Undersecretary City Mayor Department of Trade Industry Olongapo City Managing Head Chairman Board of Investments Subic Bay Metropolitan Authority PHILIPPINES PHILIPPINES CONFERENCE HIGHLIGHTS D Practical implications of the liberalised foreign exchange Current
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  • FINANCIAL NEWS
    • 300 7 Reuter BASLE, Switzerland International banks, financial firms and central banks must pay greater attention to risk management in derivative instruments' business, where volume has surged in recent years, a report released yesterday said. The report, by a Bank for International Settlements
      Reuter  -  300 words
    • 578 7  -  THE By SN Vasuki The Sang Kancil weekly col'umn tracks the profit/loss of a US$5O,OOO live account set up by futures house Refco. Relying on both technicals and fundamentals, the account &ill trade in currency, interest rate, commodity and stock index futures. SANG KANCIL
      578 words
    • 576 7  -  By Shoeb Kagda, Soh Tiang Keng SINGAPORE Factoring as an alternative source of financing is poised to take off in Asia and Singapore is best suited to act as the catalyst for the growth, said a
      576 words
    • SMALL CHANGE
      • 99 7 HONGKONG HSBC Holdings pic has appointed John R H Bond as its group chief executive officer with effect from Jan 1, 1993. He will be reappointed as a director of the Hongkong and Shanghai Banking Corporation Ltd (Hongkongßank) from the same date. John M
        99 words
      • 44 7 VIENNA Austria would like to sell a 20 per cent stake in partly-privatised Creditanstalt-Bankverein bank to US group General Electric Co. A finance ministry spokesman said talks had been held with GE management, but a sale was not imminent.
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      • 74 7 TOKYO Banque IBJ (France) SA a Paris-based subsidiary of the Industrial Bank of Japan (IBJ), has become the sole lead underwriter of a Euro-French franc issue, a first for a Japanese securities subsidiary. Japanese subsidiaries have been sole lead managers on many occasions for Eurobond issues
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      • 81 7 SAN FRANCISCO Timothy Ryan, director of the Office of Thrift Supervision (OTS), said 30 thrifts and between 50 and 60 banks will fall below a 2 per cent net worth measurement that takes effect on Dec 19. In a speech to the Commonwealth Club,
        81 words
    • 206 7 Reuter TOKYO Japanese bankers, who have long lobbied the government to formally allow forward interest rate agreements (FRAs), are running out of patience. A government panel said in June that FRAs were high on the agenda for the development of Japanese financial markets
      Reuter  -  206 words
  • Page 7 Advertisements
    • 350 7 FINALLY, A BUILDING THAT GIVES YOU THE TOTAL BUSINESS ADVANTAGE. gjjjg v UK sgy^^BßSJ.-...: §£iia9^B T BH vr'r" vr<L--> fc—■» lMifliMifilsßß9 MMf IT 711 iWI —f^—— :>- IESSfI v- r '<'< |£|i vv. ua IJul __MS^» THE BLUE BUILDING To gain the competitive edge in business, there is a need
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  • Page 8 Advertisements
    • 692 8 KOHBniffi ADVANCED DEFIMTIIIi DRAMATIC VISIIN FROM TOSHIBA" '■■■"MHVh I I H n iimyl lli mwiHn B B B BB B B "iaiiiw BB B B B H HM B B ■Mir B Bmß B ■MB ■BB B B B B B 888 ""CBBBrlriff"" IWM U (■■■ianivr HI H|h« I H
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  • THE REGION
    • 388 9 Reuter HANOI A sharp cut in interest rates by the State Bank of Vietnam has signalled the success of the Hanoi government in reining in inflation with its new tight monetary policy, foreign bankers say. The bank, which used to simply print new
      Reuter  -  388 words
    • 343 9 Reuter SYDNEY Australia's antimonopolies watchdog, the Trade Practices Commission, said yesterday it had challenged an alleged cartel in the ASI billion (about Ssl.l billion) a year express freight industry, its largest case yet. The commission said it lodged documents in the Federal Court last
      Reuter  -  343 words
    • NOTE BOOK
      • 68 9 BANGKOK Two key figures in last spring's violence that bloodied Bangkok, former prime minister Suchinda Kraprayoon and ex-military chief Kaset Rojananil, have no plans to re-enter Thai politics soon, news reports said yesterday. The reports said Mr Suchinda and Mr Kaset denied they were
        68 words
      • 54 9 KUALA LUMPUR Malaysia yesterday said Asean should sustain efforts to promote intra-regional travel amid declines in tourist arrivals due to the global slowdown. Culture, Arts and Tourism Minister Sabbaruddin Chik said Asean should follow up on Visit Asean 1992 to promote the region as the
        54 words
      • 56 9 SYDNEY Australia's Labor Prime Minister Paul Keating is keeping his options open for an election next month following recent polls showing his government in its strongest position for almost three years, his aides said yesterday, tfowever, they said an election was still more likely nearer
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      • 67 9 KUALA LUMPUR The 1991 census indicated that Malaysia has a population of 17,566,982 persons, with Selangor as the most densely populated state with 2,289,236 people. Of the total national population, males marginally outnumbered females by 8,861,124 to 8,705,858. The previous census in 1-980 showed that the
        67 words
      • 94 9 MANILA The Philippine economy will grow at an average of 6.7 to 8 per cent annually, starting in 1993, but the foreign debt will rise as well, according to a draft six-year mediumterm programme. The growth target will be achieved through reforms to be carried
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      • 60 9 KUALA LUMPUR India and Malaysia yesterday launched a joint commission at ministerial level to bolster bilateral trade and other ties in the spirit of South-South cooperation, their officials said. The Joint Commission for Bilateral Cooperation between Malaysia and India is headed by Malaysian Foreign Minister
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  • Page 9 Advertisements
    • 469 9 fIHHHBHHHHHHBHHj purpose. In edition, the Oty of Peine, which has provided sites for o range of Japanese firms, offers interested companies ful service. We /IJ Am S can be of assistance to you and your fomtes in setting into your Iyl/P new environment, making contacts, taking care of bureaucratic KB'
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  • THE REGION/WORLD
    • 362 10 Detailed fund-raising plan in the offing AP BEIJING China is seeking foreign funding for a controversial dam that will cost at least US$lO billion (5516.2 billion) and be the world's largest hydroelectric project, an official report said on Sunday. The People's Construction Bank,
      AP  -  362 words
    • 408 10 Reuter VIENTIANE Laos, hobbled by drought and floods over the past two years, will post stronger economic growth this year and next but will need continued foreign assistance to sustain its momentum, officials say. "The government will continue with its open-door policy
      Reuter  -  408 words
    • 137 10 AFP SEOUL South Korea's most controversial doomsday church, the Dami Mission, has decided to disband after failing to predict the correct date of the Second Coming, a spokeswoman said yesterday. Rev Chang Man Ho and other church leaders decided at a meeting on Sunday to apologise
      AFP  -  137 words
    • 349 10  -  Canadian firm awarded contract to design 230-km link By Harish Mehta SINGAPORE Vietnam has launched a major project to build a US$3OO million (about Ss4Bo million) gas pipeline stretching from an offshore oilfield in the South China Sea to electricitygenerating
      Source: Petrovietnam  -  349 words
    • 42 10 SEOUL A South Korean fortune-teller studying a photograph of the Prince and Princess of Wales over the weekend before predicting a stormy but eventually happy future for the couple who were due for an official visit here yesterday.
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    • 294 10 UPI NEW DELHI Indian Prime Minister P V Narasimha Rao's Cabinet has approved a sweeping reform of the country's foreign exchange regime as part of the current economic liberalisation drive, a government spokesman said last week. The Cabinet proposed a series of amendments
      UPI  -  294 words
    • 444 10 AFP COLOMBO South Asia is headed for a showdown with international lending institutions as it moves to tackle growing poverty that threatens stability in one of the world's poorest regions, experts say. A top-level team appointed by the South Asian Association for
      AFP  -  444 words
  • Page 10 Advertisements
    • 120 10 I I always, the ultimate business lunch is at the our Qritt. CLc Se between two set lunch menus, priced at $30 and above, bo th offer j i ou a sumptuous feast, complete with a ylass ofwine, an appetiser, a soup, a choice of main course, dessert, and coffee
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    • 33 10 Managing TV and Radio IHBBM Interviews for Public E3g Relations \ouiiiluT bminluT 2. IW l ei- SSXSO/SSWO losing d;ite: Nnumlur 16. 1992 l ii(|iiiriis 46(***** Singapore BiiiiiMißiiß INSTITUTE OF IjMMjiifijjij W MANAGEMENT |Mlgi||S^^M
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  • THE WORLD
    • 433 11 Trade tensions and cultural gap blamed UPI TOKYO Japanese and US citizens feel relations between their two countries are at their lowest point in 15 years, the result of growing trade tensions and perceptions of a widening cultural gap between the two nations,
      UPI  -  433 words
    • 272 11 Reuter RIO DE JANEIRO Attorney General Aristides Junqueira said in an interview published on Sunday that he intends to bring corruption charges against Fernando Collor de Mello, Brazil's now powerless president. "My conviction has been formed since I sent the inquiry to the
      Reuter  -  272 words
    • 570 11 Reuter LONDON Britain's economy is stuck in a recessionary rut and will struggle to grow next year, even if the government cuts interest rates as part of a new go-for-growth strategy, independent economists say. Prime Minister John Major and Chancellor of the
      Reuter  -  570 words
    • 267 11 Reuter BONN Germany is willing to accept a low-budget European Fighter Aircraft (EFA) rather than trying to 'convince its partners to give 'up the four-nation programme for a new plane, according to news reports. The Frankfurter Allgemeine daily and the weekly magazine Der Spiegel
      Reuter  -  267 words
    • WORLD WATCH
      • 46 11 ABU DHABI Trade is booming in the United Arab Emirates commercial hub of Dubai, reflecting an upward trend in the Gulf region, officials said on Sunday. Post-war reconstruction in Iran and Kuwait was seen as the main cause of the economic boom.
        46 words
      • 68 11 ABU DHABI The Commonwealth of Independent States (CIS) is ready to halt nuclear tests permanently, if other L nuclear powers follow suit, the CIS army commander told an "Arab defence magazine. "The moratorium on nuclear tests that we announced from one side is still
        68 words
      • 67 11 JOHANNESBURG The African National Congress is J considering a plan to govern South Africa jointly with President F W de Klerk's National Party, an ANC official said on Sunday. A report in the Sunday Times newspaper said a draft document on the power-sharing plan was
        67 words
      • 70 11 TOKYO Five central Asian states, once part of the Soviet '-Union, are expected to be admitted to the Asian DevelopT ment Bank (ADB) soon, Japan's Nihon Keizai Shimbun said on Sunday. The former Soviet republics of Tajikistan, Kazakhstan, Turkmenistan, Uzbekistan and Kyrgyzstan
        70 words
  • Page 11 Advertisements
    • 51 11 THE COUGAR MAKES ITS MASK IN SINGAPORE ~fr* 1/ 4 aft* J r name that has made its ill I mark in greens and fairways across the U.S., is now all CHn.c you hands THEQworks «IHHI by S3 El Expo Gateway, World Trade Centre. 11am 9pm Daily. Tel: 270 9122.
      51 words

  • 513 12 EDITORIAL L 'LOOKS like it's windy and cold," a senior adviser told US President George Bush yesterday, and he was not referring to the weather. Instead, it was a frank assessment of Mr Bush's re-election chances in today's presidential vote. If public opinion polls and
    513 words
  • WHAT THE OTHERS SAY
    • 285 12 THOSE who monitor the tourist trade have been told, not for the first time, about Singapore's fading charm for the Japanese. Rising costs exacerbated by another spurt in the dollar's value have meant that shopping, long the prime draw for many a Japanese, is losing some
      285 words
    • 116 12 SINGAPORE can be proud of being the number one in environmental management in South-east Asia, according to a recent study conducted by Business International, the research arm of wellknown international magazine. The Economist. But we should not be complacent in our dealings with the environment. More needs
      116 words
    • 104 12 THE nature of the problems we now face is entirely different from that in the past. Developed countries whose investment we have been seeking are all suffering from different degrees of recession. On the other hand, our neighbours, including Malaysia, Indonesia, and Thailand are catching up with
      104 words
  • REGIONAL VIEWPOINTS
    • 148 12 THERE is a purpose behind the goodies that have been handed over to the private sector under the 1993 Budget, to improve its efficiency and competitiveness. Finance Minister Anwar Ibrahim said the private sector should enhance its role through greater use of technology, better
      148 words
    • 153 12 AS THE race draws to a close, it is begining to bear more than a passing resemblance to the final hours of the British general elections last April. Then the apparently unassailable lead of the Labour Party suddenly crumbled, as voters took last-minute fright at the prospect
      153 words
  • 1045 12  -  Reality for the South African gold industry is slumping prices and increasingly dangerous working conditions. Salil Tripathi reports from Johannesburg Salil Tripathi AT THE Gold Reef City in Johannesburg. tourists get a chance to go 220 m inside a 3.2-km deep disused mine
    1,045 words
  • Page 12 Advertisements
    • 200 12 IT'S TIME YOU FACED THE FACTS ABOUT FACTORING. FACT #1 We take the risk of bad debt. FACT #2 You get cash for your invoices. FACT #3 From MNCs to small businesses, factoring is used as an alternative to traditional financing. DBS Factors Factoring is the smart assume the credit
      200 words
  • Page 12 Miscellaneous
    • 127 12 DOONESBURY GARRY TRUDEAU <-,<? Mie /nut YOUR ACTIONS SEEM TO SU6- ANPI"LL TELL M imnLMMEtrTM GGST THAT YOU THINK THE YOUMHY. PEOPI£ U gnf7 NO.OJSY AMERICAN PEOPLE SHOUVmjST UANT TD TPUSTME. fi> PBOPtEUHO WO 10POANYTMN60NTHEIR IMXJ,Be£NOUT U MUMS? pONTTHAVE I *ZHALF.EVENIF THERE, SEEH TUB I fi TIMBRXTHUR f,„4 TTS SECRET,
      127 words

  • ANALYSIS
    • 2464 13  -  Trade B Feldman speaks to US presidential hopeful Bill Clinton and gets his views on international and US issues, and his vision of moving America forward with him at the helm Trude B Feldman NYT WHAT was US President George Bush's biggest foreign policy mistake?
      NYT  -  2,464 words
  • Page 13 Advertisements
    • 23 13 Fishing for a reel deal? i Get hooked on the big bargains you'll find in The Straits j Times Classified! CJLT.S. 737-Hfr* •V
      23 words
    • 342 13 f SINGAPORE INSTITUTE OF MANAGEMENT This two-day workshop is specially designed to help participants analyse the December 1992 CIM-UK examination case study and prepare report containing the recommended practical marketing decisions. The report can be adapted to individual preference and style. Key Topics: Case Review Identifying Problems in the Case
      342 words

  • FOCUS
    • 1113 14  -  Behind the economic miracle that is Japan are pockets of poverty that are slowly growing as recession sets in. Elaine Kurtenbach reports Elaine Kurtenbach AP WHEN Yoshikane Takagi finally wearied of wandering from city to city, working at odd jobs, he followed the wellbeaten path
      AP  -  1,113 words
  • Page 14 Advertisements
    • 240 14 J I i Bone And often as inspiring fi Which, in turn, paves as an instruction manual. J the way to a better life for UNAGEMENT Co-operation is secured t everyone. through the charming old edict, X If you've never questioned PRACTICE "Do it... or else." y your own way
      240 words

  • Page 15 Advertisements
    • 138 15 iw™»' «B«HBB^i^ f mMK > IHH^HBSi Vt.' MHH«fe- 81bBBM,ii-.'i ■"i'v_- 'ir* *i_ tor massivelyW t transaction-processing systems users. *:Mto' Model 3600 provides computing jMig cant match. Actual customer jjjfl ben^^'^^'s^tv fiie System 3600 offers order-of-magnitude improvement in response time for database inquines from hours to minutes. And since the 3600
      138 words

  • INNOVATION & TECHNOLOGY 1
    • TECH TAKES
      • 97 16 TOKYO NEC Corp of Japan has signed a basic agreement with Digital Equipment Corp (DEC), a major US computer maker, to jointly develop an information and communication system, an NEC spokeswoman said last week. Under the agreement, NEC and DEC will, in about
        97 words
      • 145 16 SINGAPORE A new local company, Green Vision, has launched a new concept in recycling at the East Coast Park hawker centre to coincide with this year's weeklong Clean and Green Week, which started yesterday. Dubbed the "Lucky Can", it is a "reverse vending machine" which
        145 words
      • 88 16 SINGAPORE A Glasgow-based company, Derma-Lase, has introduced a new method of removing tattoos and other pigmented skin marks, such as liver spots and age spots, to Singapore. It uses high-powered lasers and is commercially available to doctors and cosmetic surgeons. The treatment began in two
        88 words
    • 703 16  -  Teh Hooi Ling speaks to ICL's chairman and CEO, who initiated Fujitsu's takeover of his company two years ago, and finds out more about the synergy that has developed Teh Hooi Ling TWO YEARS after the takeover by Japan's Fujitsu, British-based information technology company ICL is
      703 words
    • 325 16 FT Apple computer has introduced a new option for the growing numbers of "twocomputer" users. The Macintosh Duo Dock system eliminates the task of switching files and data between a desktop PC in the office and a notebook computer used when travelling.
      FT  -  325 words
    • 500 16  - From Russia with viruses Many computer viruses, emerging from B.yssia every bit as sophisticated and destructive -if asi viruses from the West. Gregory Gransden reports Gregory Gransden UPI COMPUTER programmers in Russia have picked up a noxious habit from their counterparts in the West: they have become some of the
      UPI  -  500 words
    • 210 16 BANQUE Asia, the biannual conference and exhibition on banking technology, will be held in Singapore from April 13 to 15 next year. The programme, the eighth in a series, is being sponsored in part by major American banks like the Bank
      210 words
    • 563 17  -  Clive Cookson tells why university research has lost its appeal for bright young graduates in the UK Clive Cookson FT THE career structure for academic scientists in the UK has deteriorated alarmingly over the past 15 years. Judged on a combination of factors, including pay and
      FT  -  563 words
    • 293 17  -  Scientists are working on new ways to grow and harvest trees, reports Veronica Byrd Veronica Byrd NYT AS MORE and more natural forests are destroyed whether for paper or lumber scientists are developing other methods to grow and harvest trees. One approach
      NYT  -  293 words
  • Page 16 Advertisements
    • 355 16 How To LEAD, MOTIVATE sBUILD A TEAM ...TURBULENT TIMES the new role of management "Two things seemed pretty apparent to me. One was, that in order to be a pilot a man had to learn more than any one man ought to be allowed to know; and the other was,
      355 words

  • Page 17 Advertisements
    • 481 17 I Do they work harder? Or just work smarter? ITFS also underscores your company's commitment |'i 4? Because when all things are equal, nothing to developing international business. An essential gives your overseas business a better competitive factor that converts prospects into customers and edge than Singapore Telecom's International Toll-
      481 words

  • Page 18 Advertisements
    • 1064 18 Nothing Beats A Bud-where to wine, dine or A "Heavenly*' Feast Scrumptious Sichuan cuisine. Rich piping hot steamboat. t Delicate Yangzhou Dianxian. Mon Sat 11 .30 am to 2.30pm Sun 10.30 am to 2.30pm Kings ■v.ho>i..«nc»w« Havelock Road. Singapore 0316. Tel: 733 0011 AMfvitttOf CIXMOTfIS gggggggggggg»^ e Mouthwatering Delicacies *j|S
      1,064 words
  • Page 18 Miscellaneous
    • 613 18 TELEVISION AND RADIO I 7.00 From the Newsroom follow- 8.00 National News (M). ri IQIKJPQ.Q ON RADIO I m IPPA SBCIZ ed by Talkabout (Game 0.35 Sitcom Sayang di Sayang. PUOitNCOO J-/IIJvU vll dv 7.25 PM Opening followed by In- Show)_ Sh W M) 889 "Hz in VHF Bandlll dochma
      613 words

  • LIFESTYLE
    • 763 19  -  Felicia R Lew attempts to unlock the complex personality of the black nationalist who has oeen praised for his intelligence and bravery while being criticised for his racist and sexist statements Felicia R Lew NYT My WHOLE life has been a chronology of changes," Malcolm X
      NYT  -  763 words
    • 629 19  -  A new documentary focuses on three Palestinian women whose exile from their homeland is compounded by the dislocation within their own society. Clyde Haberman reports Clyde Haberman NYT ONE of the sadder aspects of the IsraeliPalestinian conflict is the tendency of each side to see the
      NYT  -  629 words
    • 618 19 CHATTERBOX BIOLOGICAL tests have proved that Robert De Niro is not the father of a 10-year-old girl whose mother filed a paternity suit against him. Undaunted by the evidence, the attorney for Helena Lisandrello, a 31-year-old nightclub singer from California, said he would continue
      618 words
  • Page 19 Advertisements
    • 151 19 AND ENTERTAIN US Election Day Special: Watch the excitement of the US Election Day Returns "Live" on CNN at Cafe-in-the-Park We've dedicated this an All-American Day with buffets galore, at breakfast, lunch and dinner. on Wednesday, 4 November 1992 only American Buffet Breakfast from 6.00 am to 10.30 am at
      151 words
    • 192 19 SHOKADO i □EBENTOI-Sl Set Lunch and Dinner 2 Nov 30 Nov '92) j Don't miss this value packed set meal in November. J The Bento set promotion consists of a 6-course meal served with green salad and Kobachi. The main course is the yellow tail grilled with our very own
      192 words

  • SPORTS
    • 591 20 Couples clinches three more titles in season-ending event AFP piNEHURST, North Carolina Paul Azinger lifted the tfGA Tour Championship crown here on Sunday while Masters champion Fred CouMes clinched three more titles in the season-ending Couples, who started with two dismal
      AFP  -  591 words
    • 440 20 AFP ANTWERP, Belgium Thailand's James Wattana produced a timely red-hot streak to score a surprise 10-5 victory over last year's world champion John Parrott and capture the £15,000 (5537,800) first prize in the Masters snooker tournament here on Sunday. A delighted Wattana, the world's
      AFP  -  440 words
    • 258 20 AP LONDON Never mind Riddick Bowe in November. Evander Holyfield's manager Lou Duva is looking forward to Lennox Lewis in the spring. The British heavyweight earned the right to fight for the world title by knocking out Canadian Donovan "Razor" Ruddock inside two rounds on Saturday.
      AP  -  258 words
    • SIDE LINES
      • 126 20 IXATHMANDU Two Swiss teams have successfully _jeached the top of the 7,161-metre Mount Pumori by different routes, the Nepalese Tourism Ministry said on Sunday. A 10-member Swiss expedition led by Norbert Joos reached the peak via the south-east face route in two
        126 words
      • 96 20 PARIS Georges Goven, a former French number one, was named on Sunday as his country's Davis Cup captain for 1993 in place of Yannick Noah who has given up the job. /Goven, 44, reached the French Open semi-finals in 1969, was J: French number
        96 words
      • 96 20 BELGRADE American and Soviet-bom grandmasters Bobby Fischer and Boris Spassky drew the 28th game in their chess match here on Saturday. Fischer leads by nine wins to five and needs just one more victory to clinch the U553.35 million prize money. The American, playing
        96 words
      • 112 20 STOCKHOLM Croatian Goran Ivanisevic overwhelmed Frenchman Guy Forget with 30 aces in the final of the Stockholm Open on Sunday, winning 7-6 (7-2), 4-6, 7-6 (7-5), ~~6-2. Later Ivanisevic, who had a total of 80 aces in the tournament for an average of 16 in five matches,
        112 words
    • 495 20 NYT NEW YORK The starting procedures for the New York City Marathon unraveled on Sunday and confusion reigned at the foot of the Verrazano-Narrows Bridge on Staten Island. No one was sure just exactly when the trek of 26 miles 385 yards
      NYT  -  495 words
  • Page 20 Advertisements
    • 123 20 I v Take Ryder Golf School now offers a 7iM revolutionary programme that Strokes ,akes away 5 strokes off your [ISSSgfvr regular handicap and improves off your game playing style. l' VV/ BEGINNERS Your INTERMEDIATE (16-24 handicap) t O IUWA ADVANCED <15 below handicap) i." Courses are available! Handicap. Ryd
      123 words
    • 31 20 MARATHON Available at Times The Bookshop, NTUC Fairprice Supermarkets, BP, Esso and Mobil petrol stations and the usual newsstands. For enquiries on availability, please call the SPH Customer Service Hotline *****77.
      31 words

  • STOCK EXCHANGE OF SINGAPORE 1
    • 4040 21 ACTION on Hitachi Zosen, other shipyard shares and foreign investors' interest in blue chips boosted Singapore share prices yesterday. The benchmark Straits Times Industrials Index jumped 30.54 points to 1,417.54 at the close. Local and foreign investors were buying up the market,
      4,040 words
    • Article, Illustration
      81 21  -  By Paul Leo KEPPEL Corp broke out of a downward sloping trendline on the weekly chart and will trade towards its objective of $6.75 from its current price of $6.10. The weekly and daily moving average lines have turned up, confirming that the trend is up. Buy when
      SOURCE: BRIDGE INFO  -  81 words
  • Page 21 Advertisements
    • 62 21 Singapore:THE HOUR GLASS Lucky Plaza Tel. *****20/1 Scotts Tel. *****27/7198 WW V Centrepoint Tel. *****98/603 •Peninsula Plaza Tel. *****09/*****63 Y/ A \\ft Palais Renaissance Tel *****62/543 Raffles Tel. *****41 ,mWL- Indonesia: THE HOUR GLASS (Licensee) Plaza Indonesia, Jakarta Tel. 21-*****6/*****1 Malaysia: THE HOUR GLASS Lot 10 Centre, Kuala Lumpur Tel.
      62 words

  • 3177 22 DBS Foreign 1250 +70 5.9% SIA Foreign 1560 +60 +4.0% SPH Foreign 1440 +60 +4.3% OCBCFRts 650 50 8.3% F&N 1030 45 4.6% Jurong Ship 50 1 730 40 +5.8% Scmb Shipyard 785 +40 +5.4% OUE 660 30 4.8% Singmarine SO 1 352 +28 +8.6%
    3,177 words
  • Page 22 Advertisements
    • 53 22 'jUs-vf. ■<>■ <- v v f -V-" <4. T? A i\" A, V* V tw 5 P »«i, horK)U^V|^; at over 10 million establishments, MasterCard puts the whole woHd in your hands. And it gives you easy access to cash at 300,000 bank branches and ATMs worldwide. YOU'VE GOT THE
      53 words

  • 3496 23 Dun lop Est 484 +74 +18.0% Dunlop Est CULS 468 +74 +18 8% Gentmgs 50« 950 +55 +6.1% Magnum Corp 50* 705 +55 +8.5% H Leong Credit 316 +14 +4.6% Uniphone Tel 370 +12 +3.4% GIL US$0.10 114 +7 +6.5% M Banking 665 +10 +1.5%
    3,496 words
  • Page 23 Advertisements
    • 359 23 NOTICES UNITED INDUSTRIAL CORPORATION LTD (incorporated in the Republic at Singapore) LOST SHARE CERTIFICATE Application has been made to the Directors ol tie abovenarned company to issue dupl Kale share certificate M place ot metoHwing share certificate «rtnai have been reported lost or destroyed No. ol tkaios Corlillcoto Wo. W»wo
      359 words
    • 270 23 UQUOR LICENCE NOTICE NOTICE IS HEREBY GIVEN that, I.QuekChmKeng of Blk 8 #02-02 Kensington Park Drive, Singapore 1955, have applied for a Wholesale Beer Shop licence in respect of premises at M/s Elite (Stouts) Marketing Pie Ltd at 362 #01-07 Upper Paya Lehar Road, Da Jin Factory Building, Singapore 1953
      270 words

  • BT SHARE INFORMATION SERVICE
    • 213 24 Company Data Year Group Net Net earnings Gross un to profit/loss p«r share dividend (*000) (cents) Cold Storage Oct 29 kin 92 J19.948(J16.894) 16(13 6) 15N(13N) Eu Yan Sang Oct 27 )un 92 $844(J459) 94W(5.1W) 1(1) fAI Ins Oct 27 Jun 92 t49.381l(J143.905l) -(40) Sea Vie* Oct 27
      213 words
    • 91 24 Company Date Yeor Group Not Not comings Gross ann to profit/loss por shore dividend (•000) (cents) S8S Oct 27 Jun 92 J3.536($2.572) 13 8(10.1) 10(7) RMCA Re Oct 16 Jun 92 $82,267l(J56,216l) Tongkah Oct 12 Jun 92 MJ4.870l(MJ2,479l) -<-) Amal Steel Sep 30 Jun 92 MJ87,487(M$78,054) 16.4(13) 12(10)
      91 words
    • 213 24 Company Date Half-year Group Nat Interim ann to profit/toss dividend ('000) Asia Pac Land Oct 29 Jul 92 M$8,321(MJ5.367) 2(2) Esso Oct 29 Jun 92 M$37.500(MJ72.200) 20(20) Heua Oct 29 Jul 92 MJ1,136(MM3L) LKH Oct 27 Jul 92 12.519(53.105) Metroplex Oct 27 Jul 92 MJ12.220(MJ9.073) Niko Sec Oct
      213 words
    • 786 24 Current Ex Bocks Date Total for Total for payment date dose payable the year last year Bedford 50c 1% Nov 2 Nov 16 Dec 7 2% BMT $10 100% Nov 12 Nov 24 Nov 26 140.9% 150% Boustead 50c 10% Nov 20 Dec 4 Dec 30 17.5% 15%
      786 words
    • 709 24 Oct 31 The Gloucester, a four-star central London hotel, was bought by CDL Hotels International Ltd, a subsidiary of City Developments Ltd for *****.24 million. Malaysian conglomerate Sime Datoy Bhd is giving top priority to building its operations in Thailand and Indonesia, where it is aiming to have
      709 words
    • 299 24 Company Rights Issue 0C8C One-tor live (g. S3 00 per local share One tor Ine {4 19 per toragr share Ei-date: Oct 8 Books dose Oct 20 Acceptance Payment Nov 27 OUB One tor four (a, S3 00 per local share One tor tour S3 06 per toregn
      299 words
    • 108 24 Swens Asia-Pacific Ltd: 13th AGM at The Conference Room of Swensen's Restaurant, Singapore Changi Airport. Passenger Terminal 1, 3rd Floor, Viewing Gallery West, Singapore 1781, on Tuesday. November 3, at 11.00am Consofidated Plantations Bhd: 13th AGM at The Ballroom, Mezzanine Floor, Hotel Equatorial, ialan Sultan Ismail, ***** Kuala
      108 words
    • 214 24 Conversion Special Trdg Scripfcss Conversion deadline Period Trading Companv sUrts (IDP) (ST) starts Bonvests Nov 9 Dec 3 Nov 23 Dec 3 Dec 4 Cerebos Oct 16 Nov 12 Nov 2 Nov 12 Nov 13 Chemical Ind Nov 9 Dec 3 Nov 23 Dec 3 Dec 4 CK
      214 words
    • 359 24 In local curr la S$ In L'SS dy yr dy yr dy yr Oct 30 Index chge chge chge chge chge chge World 380.0 0.0 -6.9 0.0 -9.1 -0.2 -9.1 *EAFE 442.5 0.0 -11.9 0.0 -14.9 -0.2 -15.0 Europe 407.6 0.3 -0.9 0.1 -9.1 -0.1
      359 words
  • 593 24 Relative Strength Index: This indicator measures the rate at which prices move up or down, and theoretically ranges between zero and 100. In practice, it normally fluctuates between 10 and 90. RSI is calculated over a specified period, say 13 days, and is derived from the formula: 100
    CHARTS BY BRIDGE  -  593 words

  • KUALA LUMPUR STOCK EXCHANGE
    • 5485 25 Bernama BULLS continued to dominate centrestage yesterday, taking prices higher and chasing the benchmark to a new all-time high at the close. Selling activity was also evident, however, as some retail players unloaded their positions for profits after last week's rally. Strong
      Bernama  -  5,485 words

  • CHINA STOCK EXCHANGES
    • 422 26 CLSA BEARISH sentiment returned yesterday to undermine the encouraging recovery seen in Shanghai on the last three trading days. The CLSA Shanghai A Index dropped 7.9 per cent to 3,023.4. Local brokers attributed the fall to the absence of government participation in the stock
      CLSA  -  422 words
  • JAKARTA STOCK EXCHANGE
    • 985 26 BANK SHARES surged yesterday on the first day they were allowed to be bought, raising hopes among brokers of a general revival of a market that has been dormant for more than a year. The Offieial Index closed at 306.20. down
      985 words
  • STOCK EXCHANGE OF THAILAND
    • 2116 26 Reuter SMALL and medium-sized banks, finance and securities firms and major building materials companies gained strongly yesterday as the stock index recorded its highest close in almost 27 months, brokers said. The SET Index rose 9.88 points, or 1.05 per cent, to
      Reuter; Source: Bridge Info  -  2,116 words
  • Page 26 Advertisements
    • 58 26 llfllMW IUJUMifUIItfAIE. II I I 111 kA ll' H 1 I 111 I I 111 II I I Find out in I II I I I I Ift I r I I| I I VI 1 I Personal Investment and Finance. 1I I I I Ift Ift I II I
      58 words

  • TOKYO STOCK EXCHANGE
    • 2611 27 Reuter STOCKS staged a late technical rebound on futureslinked buying yesterday and the Nikkei closed at its day's high. But trade was flat and most investors stayed away ahead of today's national holiday here and the presidential election in the US, brokers said. "The lack
      Reuter  -  2,611 words
  • STOCK EXCHANGE OF HONGKONG
    • 2470 27 Reuter, AP SHARES finished firmer in light trading yesterday, with steep initial advances trimmed by profit-taking. The blue-chip Hang Seng Index put on 40.48 points to close at 6,231.17 after opening sharply higher to hit a peak of 6,277.22. Brokers attributed the uptrend to
      Reuter,; AP  -  2,470 words

  • AUSTRALIAN STOCK EXCHANGE
    • 2066 28 Reuter AUSTRALIAN shares closed sharply weaker yesterday on nervousness about the outcome of the US presidential election, a fall in local building approvals and ongoing weakness in the Australian dollar. Brokers also said a late sell-ofF on the futures market, which dipped
      Reuter; Source: Bridge Info  -  2,066 words
  • REGIONAL STOCK MARKETS
    • Seoul stocks continue upward swing
      • 855 28 STOCKS advanced for the seventh consecutive session here yesterday although profit-taking put a dent on the rise, brokers said. "The market fluctuated as followthrough buying was mixed with profittaking, especially in securities houses, banking and big manufacturing shares," Hangyang Securities broker Park Key Pyong said. Brokers noted buying interest
        855 words
      • 538 28 STOCKS extended opening losses yesterday to close lower across the board in an almost complete absence of buying interest, brokers said. The Weighted Index ended 72.22 points or 2 per cent lower at 3,559.51 on very thin turnover of NT57.65 bil- lion against last Friday's NT57.23 billion. Saturday was
        538 words
      • 408 28 SHARE PRICES in Wellington closed marginally higher yesterday but it was typically light Monday trading and the mood was neutral, brokers said. The NZSE-40 Capital Index edged further above the 13-month low it has been hovering around, ending 5.21 points stronger at 1,372.01. Volume for the day was
        408 words
      • 463 28 Manila Oct 30 Peso +/-Vol ("000) A.Soriano Corp 1.660 ABS-CBN 38 500 +.500 178 Abra Mining Corp. 010 Alcorn Pet 034 001 ***** Alcorn Pet.-B 041 unch 3800 Anglo Phil-Oil A 012 unch ***** Apex Mining A 010 unch ***** Apex Mining B .010 Atlas Cons A 13.000 -.500 Atlas
        463 words
  • Page 28 Advertisements
    • 33 28 The Manila market was closed yesterday for All Saints Day. The Bombay market was closed yesterday to enable brokers to complete business done in the three weeks ended last Thursday. Trading resumes today.
      33 words

  • CURRENCY, MONEY & FUTURES MARKETS
    • 1204 29 REPORTS THE US DOLLAR ended firmer against the yen and steady against the mark in quiet Tokyo trade yesterday as activity thinned ahead of the US presidential election and a Japanese national holiday, dealers said. Some operators unloaded dollar
      1,204 words
    • 399 29 Cross rates Nov US$ SS MS Dm Yen SFr AS NZS USS 1 6220 2.5120 1.5440 123.60 0.6452 1.3770 1.4388 1.9048 SS 0.6165 1.5487 0.9519 76.2022 0.3978 0.8490 0.8871 1.1743 MS 0.3981 0.65 0.6146 49.2038 0.2568 0.5482 0.5728 0.7583 Dm 0.6477 1.0505 1.6269 80.05 0.4179 0.8918 0.9319
      399 words
    • 631 29 Interbank rates Offer Overnight 1 1/2 1 3/4 1-month 1 5/8 1 3/4 2-month 1 3/4 1 7/8 3- month 1 7/8 2 Overnight mode: 1-1/2 LS$ Bid Offer 7 days 3 1/4 3 3/8 1 month 3 1/4 3 3/8 2 months 3 9/16 3 11/16 3
      631 words
    • 372 29 IHT PARIS "Convergence" is back in fashion. The expectation that Europe's economic performance in terms of growth, inflation, fiscal rectitude and ultimately interest rates would converge around a common norm was set down in the Maastricht Treaty and then blown away by the
      IHT  -  372 words
    • 1482 29 SIMEX EUWOOOLLA* Open High Low Sett Est Vol Act/Vol Op/Int Dec 92 96.32 96.36 96J1 96.33 5200 6782 ***** Mar 93 96.32- 96.36 96.31 96.36 9000 8879 ***** 96 31 Jun 93 95 89 95.94 95.89 95.92 4000 7164 ***** Sep 93 95.47 95.48 95.45 95.47 1010 1684
      1,482 words

  • COMMODITIES
    • 341 30 AFP WASHINGTON The Chicago pit, where traders buy and sell millions of tonnes of wheat and soy every day, expands next year to include trade in pollution rights sold by clean, modern firms to more old-fash-ioned polluters. The US Environmental Protection Agency
      AFP  -  341 words
    • 262 30 Reuter WASHINGTON The International Cotton Advisory Committee said world production of all cotton in 1992-93 was estimated at 19.8 million tonnes, a decline of 5 per cent compared with 1991-92. Production in Central Asia is estimated at 2.22 million tonnes, 11
      Reuter  -  262 words
    • 771 30 REPORTS THE TIN PRICE on the Kuala Lumpur Tin Market shed 20 sen yesterday to finish at a seven-and-a-half-month low of M 514.15 per kg on higher offerings. Dealers said the local market weakened in spite of the firmer London Metal Exchange
      771 words
  • 1559 30 Rubber RAS Commodity Exchange (futures dosing as at 1pm) RSS 1 Contract (S cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest Nov 92 OOO OOO 143.25 0 275 Dec 0.00 0.00 143.00 200 3.450 Jan 93 142.75 142.75 143.00 100 4.200 Feb 0.00 0.00 143.00 0 4,900
    1,559 words
  • Page 30 Advertisements
    • 998 30 JLP SINESS TIMES Toll tree Tel No 737 0043 -Fax No: 734 3688 LIQUOR LICENCE NOTICE NOTICE IS HEREBY GIVEN that, I.GohKimChwee of 37 Toh Crescent, Singapore 1750, have applied tor a First Class Beer House licence in respect of premises at M/s Sing Ngee Hin Coffee Shop at Blk
      998 words

  • 1220 31 C't) Flight VtV h'irt ffe Afev Dkaki GA887 1230 GA892 0100 GA893 1400 GA886 2340 MgMi» QF81 1935 QF82 2050 Anistardaai KL838 0040 GA893 1400 GA892 0100 KL837 1515 SQ338 2300 SQ323 1815 Mkaitt SQ348 2300 Auckland N235 1425 SQ288 2045 SQ286 2045 NZ36 2235 Bahrain
    1,220 words
  • THE TRAVEL PAGE
    • 609 31  -  POSTCARD FROM LONDON Jm JW mof JW By Matt Wolf Musicals are tumbling on to the London stage this autumn, but they're a breed apart from the spectacleladen blockbusters that dominated the West End over the past decade. While the 1980s saw a steady line-up
      609 words
    • 151 31 As at 10am yesterday: Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.1212 1.1370 Canadian dollar 1.29IS 1.3180 NZ dollar 0.8425 0.8600 Sterling pound 2.4965 2.5320 US dollar 1.6150 1.6250 Local dollars to 100 units of foreign currency Austrian schilling 14.72
      151 words
    • 77 31 Duration Title Venue Organiser Td Duration Title Venue Organiser Td Nov 26- Dakar Dakar. Centre Interna- 221/*****2 Dec 26- Valencia Valencia. Feria Muestrano *****611.00 Dec 7 International Senegal tion Du (fax) Jan 3. International Spain Internacional Fair Commerce Du 1993 Trade Fair Dc Valencia Dec 7 Video
      77 words
  • Page 31 Advertisements
    • 38 31 What's theprice for a united Europe? Exactly the same when you fly to any one of Finnair's 35 European destinations. Check with your travel agent or call *****77 for more details. We know Europe from lUit to Ftaniih
      38 words
    • 111 31 NOTICE E P CONSULTANTS PTE LTD (IN VOLUNTARY LIQUIDATION) NOTICE IS HEREBY GIVEN pursuant to Section 308 (Z) of the Companies Act Cap. 50 that the Frtat Meeting of Members of the abovenamed Company will be held at 559-C. Balestier Road. Singapore 1232. on 2 Dec 1992 at 11.00 ajn.
      111 words
    • 545 31 GB HOLDINGS LIMITED (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING OF THE SHAREHOLDERS OF THE COMPANY NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the shareholders of the Company will be held at 26 Jalan Terusan, Singapore 2261 on 18 November 1992 at 9.00
      545 words
  • Page 31 Miscellaneous
    • 341 31 5 Little creatures by an upturned stone (6) JB *8 Accepted the money, one —LJ— observed (4,4) I I I I I_L I 9 They may be responsible iH HI for raised eyebrows! (7) I 1 I PB 10 Qualification, perhaps, for <2 I jT j j a trooper (5)
      341 words
    • 193 31 Singapore Outlook: Showers over several areas in the afternoon. Report Maximum temperature 32.0 Assoc humidity 66% Minimum temperature 23.9 Assoc humidity 97% Hours of sunshine 5.45 Rainfall in mm trace Rainfall this month 0.3 Rainy days this month I World report Asia-Pacific Hi/Lo* Cond. Auckland 17/07 Cloudy Bangkok 25/22 Cloudy
      193 words
    • 16 31 He OF IWC G,?CP>T Tef\ S T 3 L ISM SPIaSH pISP\STeR or 'b7..... SPUiSW 5796
      16 words

  • 402 32 Survey shows 38 Tory MPs opposed to union Reuter, AFP LONDON Rebels in Britain's ruling Conservative Party appear determined to help inflict a humiliating defeat on the government in a parliamentary debate on European union. In spite of a weekend of frantic
    Reuter,; AFP  -  402 words
  • 179 32 AFP TAIPEI Taiwan will allow foreign institutions to issue bonds here either in local dollar or foreign currencies in an effort to turn the island into a regional financial centre, Finance Ministry officials said yesterday. The rules governing bond issuance by international
    AFP  -  179 words
  • 323 32 Talks forecast to end successfully after US elections AFP, Reuter PARIS France has ruled out signing a formal agreement in Chicago in Gatt trade talks between the US and the EC. "1 want a comprehensive and balanced Gatt agreement," Agriculture Minister Jean-Pierre
    AFP,; Reuter  -  323 words
  • 256 32 AFP MANILA France's deputy foreign minister yesterday warned China that fellow members of the UN Security Council would oppose any use of force in the disputed Spratly islands. Georges Kiejman also told a press conference here that the European Community
    AFP  -  256 words
  • 286 32 Reuter TOKYO Japanese economists yesterday played down South-east Asian fears about the effects of the North American Free Trade Area (Nafta), saying it would not undermine close trade and investment links between Japan and the region. "Japan will keep its business priorities fixed
    Reuter  -  286 words
  • 224 32 Reuter CANBERRA Australian Treasurer John Dawkins was under siege yesterday over the alleged cover-up of a billion-dollar loan overrun by the state of Victoria which has unnerved markets and put the Australian dollar under pressure. Mr Dawkins met members of the Australian
    Reuter  -  224 words
  • 708 32  -  The Bottom Line JACKIE SAM JACKIE SAM The writer is a Hongkong-based political consultant who contributed this commentary to BT SOME local businessmen, academics and pro-China elements are billing the current war of words between Hongkong Governor Chris Patten and his mainland counterpart, Lu Ping,
    708 words
  • 449 32 Governor vows to push ahead with reform plans AFP HONGKONG There will be no secret deals between the British and Chinese on future political arrangements for Hongkong, Governor Chris Patten said yesterday. "There will be no secret deals with China on
    AFP  -  449 words
  • 405 32 Opposition BJP calls for countrywide protest against rising prices Reuter NEW DELHI India's government yesterday braced for a general strike called by the main opposition, ordering increased security and calling on industry for full production during the anti-inflation protest. K R Malkani, a leader
    Reuter  -  405 words
  • Page 32 Advertisements
    • 168 32 C Singapore's most popular NitsukoMS Key Telephone System fr* If•- IhkSl. vi I ,m, iigiijk IT* MMX#WW#€ I tiM I rT-^J \igj jpSpiM Vf^^B<lf/.' LHI J IPww j^lM|fi!9/j|^^^HHMjß^^L^Bi^ Available exclusive)* SINGAPORE Barberry! Shops 455 Orchard Road. #02-42/45/44. Wuma Atria. Singapore 0925 Tel ***** IS Burberm Shop-ln-Shop DAIMARU DFS Orchard HALLF.YS
      168 words
    • 18 32 SINGAPORE COMM C Distributor of the most H sought after Key Telephone System Tel: 278 7088 J I
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  • Shipping Times
    • 515 33  -  By Rahita Elias SINGAPORE Tanker freight rates are likely to continue their slide as more newbuildings will be delivered between now and the end of next year. According to a report by Wardley Shipping Services Ltd of Hongkong, a member of the Hongkongßank group,
      515 words
    • 488 33 BANGKOK The Port Authority of Thailand (PAT) has reported a reduced profit of 2.69 billion baht (S$ 171 million) for the fiscal year 1991/1992 ending Sep 30, 8 per cent lower than the previous year. The PAT blamed the implementation of a value-add-ed tax
      488 words
    • 882 33 Page Col ABC Containerize 12 1 Accord Group 8 1-3 •APL 5 3-5 Alpha Feeders 6 1 •ANL 3 1/2 Asia Cont Lines 14 5 •ASCL 5 5 Avia Airways 9 3 Bait Orient Line 7 4/5 Bangladesh Shpg 9 4 Bank Line.
      882 words
    • 236 33 Knight-Ridder TOKYO Shipbuilders are facing declining orders for new ships due to slack demand for very large crude carriers, or tankers of more than 200,000 deadweight tons, industry sources say. All the major shipbuilding companies saw their shipbuilding orders fall in the first
      Knight-Ridder  -  236 words
    • 461 33  -  By Ji Juliette Walker SINGAPORE Bermudabased container lessor Sea Containers will soon hive oil its reefer equipment facility from local subsidiary SeaCold Technologies to Carrier Corp of the US for US$l9 million (Ss3l million). Under the purchase agreement, Carrier will take over the
      461 words
    • 204 33 Reuter CHERBOURG, France About 100 protesters gathered last Sunday in the northern French port of Cherbourg hours before the arrival of a Japanese freighter due to load a cargo of plutonium. The 3.800-tonne Akatsuki Maru was due some time in the evening to take on
      Reuter  -  204 words
    • LOG BOOK
      • 75 34 PARIS Air France announced on Friday that smoking will be banned starting Jan 1 on internal European flights shorter than two hours. The state-owned airline said the new rules would concern connections to Austria, Belgium, Britain, Germany, Ireland, Italy, Netherlands, Portugal and Spain. The change is
        75 words
      • 87 34 BEIJING Kuwait is loaning China US$lB million (Ss29 million) to expand an airport in the east coast city of Xiamen, the Xihua reported on Saturday. The newspaper said the loan agreement was signed on Friday by Abdulwahab Ahmed Al-Bader, deputy general of the Kuwait
        87 words
      • 80 34 MOSCOW A Russian cargo plane crashed on landing at Chita in southern Siberia on Friday killing 13 of the people aboard and seriously injuring another, the Itar-Tass news agency reported. The Antonov-8 aircraft was carrying three cars, nearly two tonnes of fish and a
        80 words
      • 84 34 BRUSSELS The European Community will not try to block the purchase by British Airways of the smaller British airline Dan-Air, s spokesman for the EC's executive European Commission said here on Friday. The announced purchase of the loss-making Dan-Air, which offers short and medium flights
        84 words
      • 108 34 WASHINGTON Two US Military Sealift Command chartered ships will transport supplies from Canada to Croatia in support of the Canadian forces deploying there as UN peacekeepers, the Defence Department announced on Friday. The first ship, the American Falcon, left St John, New Brunswick, on Saturday and
        108 words
      • 83 34 BEIJING Mitsui Engineering and Shipbuilding Co and Marubeni Corp won an order worth 8 billion yen (S$ 105 million from China Petro-Chemical International Co to build an ethylene plant in Maoming City, Guangdong Province, spokesmen for the two Japanese companies said. The plant, which is
        83 words
    • 1474 34 Below are excerpts from a speech by Juan Kelly, chairman of the International Chamber of Shipping, at the annual meeting or the International Union of Marine Insurance in Berne International Transport Journal THE shipowner's lot has been undeniably tough over the last 10-15 years. Success, if
      International Transport Journal  -  1,474 words
    • 9393 42 This is a list of ships loading at Singapore for ports around the world. It tabulates, by destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. LEGEND P.N: ship calls at Penang after
      9,393 words
    • 3309 47 A xm.B( C ontainerline NV: Belsin Shpg Agencies Pte Ltd (SVManne Handling Sdn Bhd (PK/PN). Accord Croup: Accord Shpg Pte Ltd (SVAccord Contr Line (PK/PN). Adkris Business Corporation Philippine Calsource Shpg Trdg Pte Ltd (S) Ahrenkiel Liner Service: Kim Shpg Trdg (S). Albatros Sea-Air Service: Frata Shpg Pte
      3,309 words
    • 257 47 Abacus Couriers Tel: 545-8011. Fax: *****98 Air Express Travel Tel: 533-5771. Fax: *****44. Airborne Freight Corporation Tel: 542-8844 Fax: *****16, *****80. Airswift Worldwide Courier Tel: 278-0188. Fax: *****83. AJS Supplies Tel: 748-6322 (2 lines). 747-7421. Fax: *****75. City-Link International Tel: 344-3377. Fax: *****50. Cluster Link Supplies Services Tel:
      257 words
    • 1457 47 Abex Express Freight Tel: 542-7171. Fax: *****84. Actinic Forwarder Tel: 225-1833. Fax: *****42. Activair Singapore Tel: 542-7822. Fax: *****20. Aerotink Freight International Tel: 545-8033. Fax: *****05 Aerospeed Tel: 542-5911. Fax: *****18. Air Cargo Novo Express Tel: 542-5454. Fax: *****06. Air Express International Tel: 542-7666. Fax: *****74, *****50. Air
      1,457 words
    • 3280 48 ALBANIA Dtirres: Six vessels in port of which 1 discharging milk powder. 1 bulk wheat. 1 fertiliser, 1 loading coal. 1 milk powder. I ferrochorome. ARGENTINA No report available. AUSTRALIA Queensland-Abbot Point: Coal: 2 vessels due by 8 Oct; 1 day delay expected. Hay Point: Coal: 2 vessels
      3,280 words
    • 922 48 SHIP SALES TANKER RATES VESSELS ON OFFER Bulk Carriers Baron: 144,800 dwt and built October 1980 Hitachi; inspectable Seven Islands prompt ets Oct 21; therafter Philippines Dec 8. Try offering in the region of USslB.om, ideas closer to USs2o.om with 3 option 1 option 1 year (try 5 years straight);
      922 words
    • 560 48 ARRIVALS Op Flight T>pe ETA T From TODAY KAL KE697 B747F 0150 1 SEL SI A SQ827 B747F 1730 2 CPH/DXB CLX CV794 B747F 1845 I LUX/DXB NCA KZ203 B747F 1930 I NRT KAL KE685 A30F 2345 1 SEL/MNL TOMORROW JAL JL6I5 B747F 0240 1 TYO NWA
      560 words
    • 178 48 CRUISE FERRY SCHEDULES CRUISE SHIPS Ait Pep Name of Vessel ETA ETD Ports of Calls Port Agent t elephone No OCTOBER 28 30 Auroral 0600 1200 World Cruise Barwil Agencies 225-2577 REGIONAL FERRIES Port of Call Name of Vessel Agent Telephone No Batam Talvas II Indo Falcon Shipping *****78 Sekupang
      178 words
    • SHIPS IN PORT
      • 535 49 Voy Nb Berth Vmal Pgrtw Jurong Port Alexandria J5.6 alongside 0311 0600 Chaiiot 1/92 0 9 alongside 03.11/2100 Ovm Daya 26.92 J12 alongside 03 11/1800 Grand Honest J7/8 alongside 0311/0600 Kurnia Seiati 7/92 13 alongside 0311/0600 Radiant Venture 1 J9/10 alongside 0311/0700 Budiman Indali 197 J1 0311/0900
        535 words
      • 1799 49 DELIVERY OF FCL IMPORT CONTAINERS IN PROGRESS Ship Voy No Containers avafabte SNp Voy No Cartarars nifaUe Marion 029N 01.11.92 0/00 Khd Prorokov 33W92 COO(EST) 02.1192 1500 Sealark 248N 01 11.92 0950 Otympu 998 COO(EST) *****2 1500 HY Explorer 302W 01.11.92 1055 Success Hope 14/155 COO(EST) 02.11.92 1500
        1,799 words
    • 1019 50 A FEW grain fixtures and a st ong emergence of enquiry in the capesize sector were the main features in the dry cargo freight market on Friday, brokers said. The Baltic Freight Index (BFI) was unchanged at 1,111, showing some reshuffling within the panamax sector and coal and
      1,019 words
    • 546 50 Nov 3-5: PetroTech 92, jointly organised by Petamgas Maritime Services and RAI, will be held at the RAI International Exhibition Centre, Amsterdam. For details and registration forms, please contact Petamgas at tel: 223-6118 or fax: 223-9929. Nov 3-5: Holland Offshore 92, jointly organised by Petamgas Maritime Services and
      546 words
    • 559 52  -  Satellite-based system will allow Changi to handle more flights By Dexter Lee SINGAPORE Singapore is investing $160 million in a new satellite-based radar system that will allow the Republic to use its airspace effectively and Changi Airport to handle more flights. Communications
      559 words
    • 403 52 Reuter SEATTLE Boeing said the engine lost from a 747 Cargolux jet plane on its approach to Luxembourg airport on Sunday had apparently fallen off according to the airplane's design to prevent greater damage to the wing. The Cargolux plane, a Boeing 747,
      Reuter  -  403 words
    • 524 52  -  Carrier hopes to project better image at new premises By Juliette Walker SINGAPORE Thai Airways International celebrated the opening of its new Singapore office yesterday even as it released initial projections of a 14 per cent slump in fiscal 1992 profits. The
      524 words
    • 216 52 AFP JOHANNESBURG A South African freight-airline was on stand-by here last Sunday to evacuate foreigners employed by a diamond mining company in northeastern Angola, the domestic news agency SAPA reported. Safair spokesman Coenie van der Walt said the airline had been asked
      AFP  -  216 words
    • 593 52 NYT NEW YORK The board of General Motors Corp is expected to entrust John "Jack" Smith Jr with the task of quickly halting the financial bleeding of the auto giant's North American operations. Whether Smith can succeed at that
      NYT  -  593 words
  • Page 33 Advertisements
    • 17 33 Safety and the shipowner, Page 2 S'pore to spend $160 m on new radar system, Back Page
      17 words
    • 24 33 Linos and sorvlces roprosontod Monitors of tIM Registry of Accrodltod Shipping Agonts, Singapore National Shipplug Association. /•'or advertising enquiries, contact Shipping Times Tel 740-2089/740-2090
      24 words
    • 103 33 International Freight Forwarder EUROPE LCL FCL Services "*@@oooo® M+R FORWARDING PTE LTD v 'Co i •**>** v < > m •..H I -S"! i i 3 jx" If I i SOME OF OUR TOP TALENTS ARE OVERSEAS. BRING THEM HOME. A paper subscribed by Singaporeans abroad. The local pool is
      103 words

  • Page 34 Advertisements
    • 81 34 Stories on labour and its relationship with management, management concepts in practice, profiles of leading managers in Singapore and relevant book reviews. ENTERPRISE MANAGEMENT, in Business Times every Monday, is must reading for managers who want the competitive edge. Plus an occasional lode at successful small firms and the people
      81 words

  • Page 35 Advertisements
    • 2598 35 OOCL (S) PTE LTD JARDINE SHIPPING AGENCIES TEL: *****11 FAX: *****09 AlVKftr V BOOKINGS TEL: *****34 *****58 TERMINAL/CFS TEL. *****18 220 IT RAAAfITI PESAK A JARDINE SHIPPING AGENCIES SDN. BHD. \SSSF A S PORT KELANG TEL: *****18 FAX: *****91 *****88 noHiratoH PENANG TEL: *****4 FAX: *****1 CFS TEL: *****6 ueaicatea
      2,598 words
    • 1751 35 Find out how sellers are reaching out to buyers in Advertising and Marketing. Every Thursday in BT mi I UNITED ARAB SHIPPING CO fSASjI I(I IVSI/VOY SW NYC BM. 1 OKF I S*V~ outi n 7/u M/ 12 11/12 12/12 M/ 12 UMTO «0U M li/U M/ 12 22/12 21/12
      1,751 words
    • 1389 35 WEEKLY DIRECT CALL TO NAGOYA AXEL MAERSK V.9216 ETA SIN 9/11/92 ETA NAGOYA 19/11/92 I Voy ETA ETO Feeder by DESTINATIONS CFS 2/11 nS MRS JOM LPK PEN OAK LGB MOO MEM ATL MIA CMS BAL PML NYC MON EMARIT MAERSK «M 3/111 4/T1 SM SM SM 21/11 23/11 25/12
      1,389 words

  • Page 36 Advertisements
    • 1369 36 VOY NO S PORE JEDDAH S HAMTON H'BURG ANT LE HARVE BEH39 TOKIO EXPRESS 09/144 6/11 21/11 24/11 22/11 Ml KS7BOUN) LEVERKUSEN EXPRESS 09/344 7/11 17/11 25/11 28/11 29/11 2/12 rOHTJBLMI ft PCWM KITANO 16/145 12/11 28/11 1/12 29/11 MMw UK/CONTVOft THAMES 14/345 14/11 24/11 2/12 5/12 7/12 9/12 COMCCTO
      1,369 words
    • 439 36 IZ»Z FCL Breakbulk Service to: AFGHANISTAN M&M Afghanistan Ltd., Sole Foreign Forwarder In Kabul (or all services I C.1.5.-Vootochny, Vladivostok, Moscow, Tashkent, Kiew, Minsk, Rigs, Baku North Korea Vietnam Mongolia Hungary I CSFR e Poland L ocwans I NOUAKCHOTT-BANJUL-BISSAU-LUANDA-BATA Feeder Vessel §TA SIN VILLE DE VENUS 06/11 VILLE DE NEPTUNE
      439 words
    • 1490 36 151 mum mm* REGULAR INDEPENDENT FULL CONTAINER SERVICE VBL/VOY SIN ALG BCL* HAM BRE# ROT ANT# FEL LHA 1 NOR ASIA PRINCESS 9235-3 03/11 25/11 26/11 01/12 02/12 03/12 05/12 05/12 06/12 .1 NORASIA SUN 9236 3 10/11 2/12 3/12 S/12 9/12 10/12 12/12 12/12 13/12.1 NORASIA PEARL 9237-3 16/11
      1,490 words

  • Page 37 Advertisements
    • 1966 37 £TB STRAITS SHIPPING PTE LTD 10 Hoe Chiang Road #11-01 Keppol Towers Singapore 0208 Tel: *****88 Fax: *****17 ACCEPTS CARGO DUE SMLS I I flll 11 *Kl 1 li'itilMllMwilMl ill] I] RAJAH BROOKE *2t* Muara lab 04 0« No. 06 Nov 07 Nov KRIS MAOURA VIIE KH. Skan. law 06
      1,966 words
    • 2717 37 lfckjk SINGAPORE AGENT: PAO Containers (Singapore Agencies) Pte Ltd *«SBL OCLW 1 10 Hoe Chiang Road #07-01 KEPPEL TOWERS. SINGAPORE 0208 w TeJ 2233 Te)ex RS ***** PNOCSP Fax; 2 25 5327/222 7517 1^71i5-\ CR Number: **********02 CYDADT IMPART EXPORT IMPORT VESSEL VOV FPNG 'PKO SIN ALQ SOU ANT HOT
      2,717 words

  • Page 38 Advertisements
    • 678 38 '"Ifl'lilßfl CR NBR **********0-D EXPRESS SEMI CONTAINERSHIP SERVICES TO EUROPE *Sl/VOt STOtt RDM* ADAM HBURG BWHtN ANTWRP MATUAM 33M6 2-1/12 3/1 7/1 12/1 15/1 FAST TRANSIT TIME ACCEPTING BREAKBULK/CONTAINERISED CARGO Sub|*ct to Inducement. Also accepting cargo to Casablanca, Port Said, Port Alexandria, Genoa, Trieste. ALSO ACCEPTING CONVENTIONAL CARGO VIA I/S
      678 words
    • 1521 38 OHANJIN SHIPPING] FDR VSL SIN LINE HAU LGB OAK FDR VSI SM IIM HAUL SAV LM NYC HANJIN KAOHSIUNG 010E 811 H. OAKLAND 01X 2911 212 HANJM CHEAJ OIK 9/11 HANJIN SEATTLE 02« 17/12 11/12 20/12 HANNN BREMEN 005E 15/11 OHECT 612 9/12 HJ KNANGYANG 095E 16/11 H YOKOHAMA 0421
      1,521 words
    • 1210 38 ■^-jB-L>JJ LI IJ-Hlfc Im w i« wc uc w m o» ki w in iu as w nc in um m iir w nt ca m I GRAM) M 042 1/11 4/U J/11 U/ll 13/11 1«/U 17/11 19/U 20/11 21/11 23/11 4/12 10/12 11/12 19/12 21/12 29/12 38/12 31/12 2/1
      1,210 words

  • Page 39 Advertisements
    • 1880 39 H SCX: 'CALIFORNIA JUPITER 59E' ETA SGP 04/TI/92 II H 11 ARRIVING LOS ANGELES 22/W92 IN 17 DAYS U II II AEX NEPTUNE AZURITE 06E' ETA SGP 04/1V92 II ARRIVING NEW YORK 27/W92 IN 22 DAYS P}] bxpress **cxrl I TO PMW fISA INLAND POtMTS I TO CALIFORNIA «Uf Ot/LF
      1,880 words
    • 1146 39 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD BOOKINGS: BALT ORIENT LINE: *****64 FESCO: *****06 BLASCO ODESSA: *****51/*****31 ENQUIRIES: *****33 KL: 03-*****75/697 PORT KELANG: *****43/ *****40 JAKARTA: *****57 PENANG: *****4/ *****8 JOHORE BAHRU: *****1/ *****1 MARINE INSURANCE SERVICE: *****87/ *****87 (REGULAR INDEPENDENT SERVICE) FULL CONTAINERSHIP SERVICES EASTBOUND—PBCHMONG WESTBOUM)-10ADIN6 TRANSWPPED MA ROTTERDAM
      1,146 words

  • Page 40 Advertisements
    • 1578 40 K" T AS AGENTS: KAWASAKI SINGAPORE (PTE) LTD (CR No: **********0 M) MjK W W 17V TEL *****77 TELEX KAWAH R*****5 FAX; *****07/^9 i I r%| M MALAYSIA: *K" UNE MARITIME (MALAYSIA) SON BHD I A Mto MJL Al Adl TEL SA *****00 PK *****01/5 PENANG *****0 JB *****1 KAWASAKI
      1,578 words
    • 837 40 PHIU-OM€NT (.IMS PT€ LTD 4 s 1 08 Robinson Road #07-00 GMG Building Singapore 0106 A Tel: *****22/*****69/*****00 Telex: RS ***** FAX: *****76/*****38 BY AIR, LAND OR SEA.... WE TAKE ON THE WORLD FOR YOU MEMBER OF SINGAPORE FREIGHT FORWARDERS ASSOCIATION I MdriULUii w iri mwifni/nym 8 NOV SYDNEY. MELBOURNE,
      837 words
    • 319 40 /V*-, GOLDEN LINENS' 11/goV GUAN GUAM SHIPPING U>SZIX (PTE) LTD 21. TtW Apr Strttt SftGAPORf 0104 TR 5343 M (It LIES) Far *****04 (Ot Re 1012KMOMW) 6TRAIT6/>EK6IAK OPLT IMTKI S pore P. Kelang Penang sua STM Karactn Dub* Damnum 14/11 Kn 60.001 HWWST Owba Damnum 2t/2t Hn CHINA BKKTICE HONG
      319 words

  • Page 41 Advertisements
    • 1097 41 533SPACIFIC INTERNATIONAL LINES (PTE) LTD mm 140 Cecil Street, #03-00 PIL Building. Singapore 0106. Tel: *****33 CR NO: **********0E I JAKARTA I BANGKOK I VESSEL wov utt cm VESSEL VOY SIN BKKSIN FoiiATna UMW "V ?"V KOTA SURIA KSR43N 4/11 7/11 11/11 KOTA INOAH £7 Zn «/Jl w" Q KOZINTBEV
      1,097 words
    • 1172 41 WEEKLY LCL SERVICE NORTH EUROPE EVERY TUESDAY FOR THE FASTEST TRANSIT TIMES IN THE TRADE CALL:BEN LINE AGENCIES (S) PTE LTD TEL: 225 3522 BOOKINGS: WEENA WONG/ NOELLE TAN TS CHOW/ YEA SHYUAN OR EAC TRANSPORT AGENCIES (M) SDN BHD BOOKINGS: ANGELINE TAN SHAH ALAM TEL: *****49 001 ARK KHIANG
      1,172 words
    • 282 41 °BSA° TRANSPORTATION MYANMA pHBk FIVE STAR LINE (Myanmar National Line) Loading for Yangon (Rangoon) S'pore P.Kit Pen P.Gdj PAGAN VIUW In PI HPA-AN VIS4W 14/17 No. PAGAN VIS9H 15/11 No* NIGERIAN NATIONAL SHIPPING LINE NIGERIA EXPRESS SERVICE RIVER MAJE V.SO SPORE 23 Nov Ltgoi 16 D«c Pt Har 19 Dm
      282 words



  • Page 44 Advertisements
    • 2331 44 Container Liner Services imi,sus u*a h««± General Agents: Booking Agents; Gun Gtun Skipping Sdn Bhd Chung Chi*o Shipping Sdn Bhd P.T. Clots/ Putn Indonesia Maritime Costar Shipping Pte Ltd Sfcppaf Freight Iwtot Ceotrt S*IW 58 Persiaran Raja Muda Musa Lot 3.34, 3rd Floor. Jl Iff H Juanda UI/14 2 Mistri
      2,331 words
    • 288 44 SAMUDBU MOONESU (S) FFI LTD 1« McCALLUM STREET #03-01/03 NATWEST CENTRE Singapore 0108 Tatoi: R*****0 Tat ******1-3 Fu. 22S 4830. *****36 FOR BOOK was CALL MRECT UNE TEL: *****41/*****43 SM/JAK SERVICE VESSEL VOY SIN JAK DERAJAT 1006 04/11 (WED) 06/11 (FRI) MERKUR DELTA 946 05/11 (THU) 08/11 (SUN) PELOPOR 1053
      288 words

  • Page 45 Advertisements
    • 671 45 FAMOUS CONTAINER LINES 10 ANSON RD. #15-21 INTERNATIONAL PLAZA, S'PORE 0207 HOT LINE: *****33 (24 LINES) LIMASSOL/PIREAUS 4/TI ROTTERDAM 4/tl HAIF A/ ASHOOD/ALEXANDRIA 47A HAMBURG/BREMEN 4/tl MARSEILLE/FRANCE 47A FELIXSTOWE/UK 4/TI BARCELONA/SPAIN 4/TI LEHAVRE/ANTWERP 4/11 GENOA/ITALY 4/TI GOTHENBURG/SCANDINAVIA 4/TI LOS ANGELES/ WC IPI 8/11 SYDNEY/MELBOURNE 7/11 NEW YORK/EC 87fi FREMANTLE/ADELAIDE 5/TI
      671 words
    • 734 45 n^^^IcMH£^nSARnItTGE!IcIE?TsTTT^7^I SI TEL: *****33 (12 Lines) Si FAX: *****15/*****03 KH| TELEX: RS ***** RISHIP (3 Line*) ft® ETHIOPIAN SHIPPING LINES (National Lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL VESSEL IVOY ETA LOADING FOR SPORE ASSAY WON 2 MVM 07/12 OARESSALAAM MOMBASA. DJBOUTI ASSAB. MASSAWA NET SANE T 27 WB 03/01
      734 words
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