The Business Times, 18 December 1992

Microfilm: NL18513
Total Pages: 52
1 52 The Business Times
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  • Title Section
    Masthead
    19 1 Business Times THE HI SI MISS PAPER FOR S-E ASIA Ml IA (P) 552/12/92 Friday, December 18, 1992 75*
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  • NEWS
    • Article
      US trade deficit down 18pc in October
      76 1 WASHINGTON The US trade deficit fell in October as exports jumped to record levels. the Commerce Department said yesterday, giving new buoyancy to an improving economy. The deficit was US$7.O3 billion (SSI 1.53 billion). down 18 per cent from September, when it stood
      76 words
    • Article
      Russian PM asked to form govt by Dec 22
      76 1 MOSCOW President Boris Yeltsin has ordered his new prime minister Viktor Chernomyrdin to form a government by Tuesday, Russian media reported yesterday. The decree, to set up the new government, stated that the outgoing government should continue to work in an
      76 words
    • Article
      Pidemco in Vietnam
      36 1 GOVERNMENT-owned Pidemco Land Pte Ltd has joined a growing list of Singapore companies investing in Vietnam. It announced officially in Hanoi yesterday details of its US$5O million (SSB2 million) hotel project. Page 2
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    • Article
      Bail pending
      48 1 LORRAIN Osman, the former chairman of Bumiputra Malaysia Finance (BMF) which lent some US$BOO million to the failed Carrian group in the early 1980s, will spend his 61st birthday today in jail pending bail application next Monday, a magistrate court in Hongkong ruled yesterday. Page 3
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    • Article
      Thai debt proposal
      31 1 THE Thai government has proposed that Russia clear its debts and pay foj new purchases of rice and tapioca with an unprecedented sale of polished diamonds Page 9
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    • Article
      China expansion
      34 1 CHINA'S booming economy expanded at a fast pace last month, with the industrial output value up 26.1 per cent from the same month last year, said the State Statistical Bureau Page 10
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    • Article
      Mark of quality
      28 1 HOMEGROWN Trans-Link Express has earned the ISO 9002 quality management certification for its international sea freight forwarding and logistics services. Shipping l imes Page 1
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  • MARKET SUMMARY
    • Article
      Dow higher
      39 1 I Ht US stock market edged upwards yesterday morning as the battered shares of International Business Machines showed signs of stabilising. The Dow Jones Index rose 0.27 point to 3,255.45 by 1530 GMT in the first hour.
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    • Article
      Footsie higher
      29 1 SHARE prices rallied in midday trading in London yesterday and the FTSE 1 (X) Index was up by 9.8 points or 0.35 per cent to 2,742.6 points.
      29 words
    • Article
      Haw Par project
      56 1 THE Fraser Neave (F&N) group is looking at ways to enlarge its loss-incurring Haw Par Villa after a recent setback in its plan to build a waterbased theme park nearby. According to a F&N spokesman, the company is considering an alternative use for the 1.3 hectare site
      56 words
    • Article
      Centrepoint profit
      37 1 NET earnings at Centrepoint Properties Ltd for the three months ended Sep 30 jumped 21.7 per cent to $4.03 million from a year earlier, thanks to better rental yields at Centrepoint Shopping Centre. Page 4
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    • Article
      US$100m loan
      33 1 INDONESIA'S state-owned Bank Rakyat Indonesia (BRI) yesterday borrowed US$lOO million (SSI64 million) for its general working capital. The term loan, arranged by Singapore's NDC Merchant Bank, was signed yesterday. Page 8
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    • Article, Illustration
      STOCK INDICES
      30 1 I hursda) Change BT-MCiA 687.23 +2.95 Kuala Lumpur ...636.11 f3.22 Tok\o 17,437.91 169.20 Hongkong 5.329.46 -86.50 Sydney 1.499.4 f2.4 WednexJa* Change New York 3.255.18 -29.18 London 2.732.8 +14.9
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    • Article
      CURRENCIES
      22 1 Exchange rates USS SS SSI.6380 100 Yen SS 1.3295 MS SS 0.6351 Money market rates Overnight unav 3-month 2 3/16% +3/16
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    • Article
      COMMODITIES
      38 1 London Gold AM fix US$337.75 f US$2.85 Rubber S pore Jan 146.50Vkg -I.OO M'sia Jan 227.50Vkg unch KL Tin Turnover 55tonnes -II Spot MS 14.26/kg -0.04 Crude palm oil Turnovcr 492 lots -132 Jan MS932 /tonne unch
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  • Article, Illustration
    Lee tells voters: Give Goh a strong mandate
    670 1 If Chok Tong can lose after 16 years nursing his constituency, then Singapore has gone crazy, says SM SINGAPORE Senior Minister Lee Kuan Yew last night lent his weight to the campaign for Marine Parade with a forceful appeal for voters to
    670 words
  • Article
    British Airways beats SIA in bid for Qantas stake
    577 1  -  From Florence Chong in SYDNEY SINGAPORE Airlines has lost the battle to buy a stake in Australian flag carrier. Qantas. An announcement late last night by Federal Finance Minister Ralph Willis said the Australian Cabinet had accepted the rival bid by
    577 words
  • Article
    Yeltsin keen to expand military ties with China
    293 1 Compiled by staff from agency reports BIIIJINCi Russian President Boris Yeltsin arrived yesterday to a red-carpet reception in China eager to boost military cooperation in what he said was a shift of Moscow's foreign policy direction toward East Asia. Declaring a "new
    293 words
  • Article
    Tony Tan to rejoin govt
    102 1 SINGAPORE Former Education Minister Tony lan vtill return to the Cabinet. Senior Minister Lee kuan Yew said last night. But Dr I an. now chairman of OCBC Bank. has to fulfill certain obligations to the bank and his family before making a comeback. Mr said
    102 words
  • Article
    Lock icon Ex-dissident tipped to win S Korean polls
    111 1 AP. Reuter SEOUL South Korea's 29 million voters will participate in an epoch-making election today in which a former dissident is tipped to lead the country toward union with the Communist north. Private polls give the edge in a tight race to Kim
    AP.; Reuter  -  111 words
  • Article
    Lock icon 30pc foreign share limit will be lifted on firm's listing: Rafidah
    236 1 Reuter, MBT KUALA LUMPUR Malaysia's Ministry of International Trade and Industry (Miti) will remove its 30 per cent foreign shareholding limit on local manufacturing companies once they are listed on the local stock market. its minister Rafidah Aziz said.
    Reuter,; MBT  -  236 words
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      Page 1 Advertisements Column 1
      124 1 I ASIAN'S I I COMPUTER PRINTER I RIBBON MANUFACTURER Aircraft Schedule 31 Jkt Bkk China Stocks 25 TV Radio 16 Commodities 30 KLSE 23 Unit Trusts 22 Company News 4.6.7 Money Changer Rates 31 Weather 31 Cryptic Crossword 31 Money Market 29 World News 10,11 Editorial 12 Regional News 9.10
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      Page 1 Advertisements Column 2
      11 1 Hock Ix)ck Siew: Don't bet on Magmim/Dunlop's China venture, Pg 4
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      Page 1 Advertisements Column 3
      78 1 Chesterton INTERNATIONAL International Property Consultants 6 Battery Road #14-02/03 Singapore 0104 Tel: *****22 Wmj Join us at the top. Enjoy the best Beijing HP cuisines specially prepared by our master K«j 3® chef. All yours to savour, amidst the grand Hh S panorama of the city and southern islands, '7
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  • PAGE 2 NEWS
    • Article, Illustration
      I am not in the job for the money, says PM Goh
      448 2 Marine Parade GRC hy-eleetion SINGAPORE Even if his prime minister's salary were halved, he would still continue to do the job, Mr Goh Chok Tong said last night. The Singapore Democratic Party, charging that ministers were overpaid, had
      448 words
    • Article
      Give govt strong support: NTUC
      109 2 SINGAPORE The National Trades Union Congress has urged Marine Parade GRC voters to safeguard Singapore's political future and return the PAP in tomorrow's by-election. Voters must seriously consider the consequences of their decision because not just four parliamentary seats are at stake, NTUC said in
      109 words
    • Article
      SM: One reason for BG Lee's cancer was stress
      289 2 SINGAPORE Stress is one reason why Deputy Prime Minister Lee Hsien Loong has cancer, says Senior Minister Lee Kuan Yew. BG Lee had been more than the Trade and Industry Minister, Mr Lee said. He had helped other ministries formulate important
      289 words
    • Article
      Two held for unruly behaviour at rallies
      97 2 SINGAPORE Police have arrested two persons for unnil> beha>iour at the Marine Parade by-election rallies. Despite serious warnings, some groups of people attending the rallies have continued to behate in a disorderly manner. dcfring orders or police warnings or inciting the crowds to
      97 words
    • Article
      SDP outlines its plans for projects in Marine Parade
      383 2 SINGAPORE The Singapore Democratic Party yesterday told voters that it would introduce a number of projects in the Marine Parade Group Representation Constituency (GRC) if it won the Dec 19 by-election. Laying out his party's plans. SDP candidate Chee Soon Juan
      383 words
    • Article, Illustration
      Banker to head Edusave council
      407 2 SINGAPORE Merchant banker Hsich Fu Hua will head a five-member Edusave advisory council. Education Minister Lcc Yock Suan announced yesterday. The schcmc. which will get a SI billion kick-start from the government in January, will sec 352.000 pupils from six to 16 years old each
      407 words
    • Article
      Investment commitments in petrochem may hit 5-year high
      385 2  -  EDB sectoral briefing Reports by Genevieve Cua SINGAPORE Investment commitments in the oil. chemical and petrochemical sector are likely to exceed SI.I billion for 1992. the highest in the last five years, despite a depressed climate of falling prices and poor profitability.
      385 words
    • Article
      S'pore set to be world's No. 2 maker of paraxylene
      383 2 SINGAPORE Singapore is poised to be the world's second-largest exporter of an aromatic chemical, paraxylene. by the end of the decade as billion-dollar projects by US giants Mobil and Exxon Chemical come onstream. Singapore currently does not produce paraxylene. the
      383 words
    • Article, Illustration
      Pidemco makes foray into Vietnam with hotel project
      336 3  -  By Colin Tan SINGAPORE Govern-ment-owned Pidemco Land Pte Ltd has joined a growing list ot Singapore companies investing in Vietnam. Yesterday, Pidemco officially announced in Hanoi details of its US$5O million (SSB2 million) hotel project, its first firm overseas commitment. The hotel
      336 words
    • Article, Illustration
      Harilela plans to be major property developer here
      433 3  -  By Sylvia Wong SINGAPORE The Harilela Group, one of Hongkong's largest private groups, intends to be a major player in the Singapore property scene. Its chairman. Hari Harilela, said the group a $200 million business which owns 2,000 hotel rooms in Southeast
      433 words
    • Article
      Lock icon Astra chief defends opposition to takeover
      304 3 The tussle for Astra Reuter JAKARTA The chairman of Astra International yesterday defended his opposition to a timber tycoon taking over Indonesia's second largest private company. Sumitro Djojohadikusumo, whose objection threw the struggle for Astra into turmoil on Wednesday, told reporters the company's shares
      Reuter  -  304 words
    • Article, Illustration
      Lorrain awaits Monday bail application
      401 3  -  The Lorrain Osman extradition From Catherine Ong in HONGKONG FORMER Malaysian banker Lorrain Osman will spend his 61st birthday today in jail pending bail application next Monday, a magistrate court here ruled yesterday. Lorrain, the former chairman of Bumiputra Malaysia Finance (BMF), which lent some
      401 words
    • Article
      Lock icon Ringgit weakens with falling rates
      160 3 Bernama KUALA LUMPUR Faced with a strengthening US dollar and the casing of Malaysian interest rates, the ringgit continued to weaken yesterday. Against the greenback, the Malaysian currency finished at M 52.5765 yesterday, compared with M 52.5745 on Wednesday. The ringgit also fell against the
      Bernama  -  160 words
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      199 2 Wm ~'jji 3, 'Mm. S BL W%&mm w SsfisaaaSSSw sjE^gW^^^-aaggS'*' a~r* f -v. Jspj| W?jk\' M"* -*L 44-"X *V B'%{&•£' x .&•.< 6 CERRUTIIBBI o LUNETTES So/e Agents for Singapore. WOLA Malaysia Sin Kwang Optical Pte Ltd AUTHORISED DEALERS: APEX OPTICS CONTACT LENS Tanjong Katong Complex *****79 ASSOCIATED OPTICAL COMPANY
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      Page 2 Advertisements Column 2
      10 2 Reports by Anna Teo, Chuang Feck Ming and Shoeb Kagda
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      Page 3 Advertisements Column 1
      7 3 JlPS^ss#* Absolv ment 3&2kmc>fiL PARIS S> I.
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      Page 3 Advertisements Column 2
      67 3 Analysis: Carrian: how the scandal unfolded, Pg 13 The Tiffany Tesoro Chronograph In stainless steel and eighteen karat gold with quart/ movement, date, sweep chronograph hand and counter dials displaying seconds, 30-minute and 12-hour intervals. Also available in all eighteen karat gold or stainless steel. Tiffany Co. SINGAPORE RAFFLES HOTEL.
      67 words
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  • COMPANY NEWS 1
    • COMPANY BRIEFS
      • Article
        CSA buys 30pc of Henderson Building
        59 4 SINGAPORE CSA Holdings Ltd has bought 30 per cent (5,637 sq m) of the eight-storev Henderson Building from Henderson Development Pte Ltd for 5i6.38 million. With the purchase. CSA Holdings will he able to house all its operations under one roof. The purchase will
        59 words
      • Article
        DBS Buana Tat Lee Bank branch
        52 4 SINGAPORE PT DBS Buana Tat Lee Bank, a joint venture between Indonesia's Buana Bank and Singapore's DBS Bank and Tat Lee Bank, will open its Surabaya branch today. It will be located on the 9th floor ot BBD Tower. The branch manager is Yee
        52 words
      • Article
        Wing Tai gets SES waiver for deal
        45 4 SINGAPORE The Stock Exchange of Singapore has waived the requirement for Wing Tai Holdings to seek shareholders' approval to sell part of the group's investment in USI Holdings Ltd and to acquire additional shares in Brave Dragon Ltd.
        45 words
      • Article
        Renong sells unit for M$189m
        94 4 KUALA LUMPUR Renong Berhad is to dispose of its wholly-owned subsidiary, Probadi Sdn Bhd, to T H Loy Industries (M) Bhd for M$ 189.41 million. The sale would be satisfied by an issue of 75.76 million new THL Msl shares credited as fully paid at
        94 words
      • Article
        Inno-Pac director resigns
        23 4 SINGAPORE Chua Boon Keng has resigned as a director of Inno-Pacific Holdings Ltd with immediate effect, the company announced yesterday.
        23 words
      • Article
        Golden Hope unit's revenues
        69 4 KUALA LUMPUR Golden Hope Plantations' property arm. Negara Properties (M) expects to reap total revenues of about Msl.4 billion from its major property development projects over the next eight to nine years. Formerly known as Kundong Tanjung Pau Co, Negara Properties is currently involved in four
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    • Article
      Lock icon KLSE meets share registrars to discuss illegal tampering
      248 4 MBT KUALA LUMPUR THE Kuala Lumpur Stock Exchange (KLSE) yesterday met share registrars of Malaysia's listed companies to discuss measures to prevent illegal tampering of share certificates. One suggestion put forward during the meeting was to rubber stamp the phrase "one share
      MBT  -  248 words
    • Article
      F&N explores ways to enlarge Haw Par Villa
      398 4  -  Another $30m-s4om may be ploughed into the theme park business By Lee Han Shih SINGAPORE The Eraser Neave (F&N) group is looking at ways to enlarge its money-losing Haw Par Villa after a recent setback in its plan to build a water-based
      398 words
    • Article
      Better rental income lifts CPL's earnings
      255 4  -  By Sylvia Wong SINGAPORE Listed Centrepoint Properties Ltd's net earnings for the three months ended Sep 30 jumped 21.7 per eent to $4.03 million from a year earlier, helped by better rental yields at Centrepoint Shopping Centre. CPL. the property arm of the Fraser
      255 words
    • Article, Illustration
      Steamers, Viet partner finalise phone deal
      281 4 Agreement will provide mobile phone serv ice in Ho Chi Minh City SINGAPORE Steamers Maritime Holdings' telecommunications arm and its Vietnamese partner have finalised an agreement to provide a two-way CT2 mobile phone service in the commercial heart of Ho Chi Minh City. Toh
      281 words
    • Article
      Lock icon ASM to rationalise financial services
      128 4 MBT KUALA LUMPUR Diversified Amalgamated Steel Mills (ASM) intends to rationalise its expanding financial services business in the immediate future. Managing director William H J Cheng said the group may come out with a rationalisation plan once its proposed acquisition of a substantial block in
      MBT  -  128 words
    • Article
      Plaza Rakyat sells 70pc of office tower for M$200m
      400 4  -  Proceeds to help fund MsBoom project By Sylvia Wong I*9 SINGAPORE The developer of the massive Plaza Rakyat project in Kuala Lumpur has found a buyer for 70 per cent of its office block in the heart of Kuala Lumpur. Hamzah
      400 words
    • Article
      Investors should not bet on Magnum/Dunlop's China venture
      633 4  -  THE HOCK LOCK SIEW COLUMN Bv S N Vasuki SINGAPORE The fate of a proposed lottery venture in south China has itself become a lottery of sorts for punters in the stock market. For the last three months, speculators in Kuala Lumpur
      633 words
    • COMPANY BRIEFS
      • Article
        Anglo-Japanese group wins M'sian airport deal
        69 6 LONLX)N An Anglo-Japanese group, including OEC-Mar-coni, BICC pic's Balfour Beatty unit and Marubeni Corp. won a contract worth £25 million (SS64 million) to design and engineer Kuala L umpur's new international airport. BIC said in a statement construction will begin in July 1993. The
        69 words
      • Article
        HK Telecom's first China office
        62 6 HONGKONG Hongkong Telecommunications Ltd yesterday said it opened its first China office in Beijing. "An ever increasing number of our Hongkong and regional customers are conducting business in China.' chiel executive Michael Gale said. Last year, traffic between Hongkong and China grew 35 per cent
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      • Article
        Taiwan to allow bonds swop
        59 6 TAIPEI Taiwan's Securities and Exchange Commission plans regulations revisions to allow holders ot corporate convertible bonds issued by local companies overseas to swop them into ordinary shares, an SEC official said yesterday. This is now technically impossible, though several blue-chip firms have issued so-called convertibles
        59 words
      • Article
        NEC to acquire 4.99pc of CDS
        60 6 TOKYO NEC Corp yesterday said it has finalised an agreement allowing it to acquire 623,800 shares, or 4.99 per cent, of Control Data Svstems Inc (CDS) for 660 million yen (SSB.7 million). CDS became an independent company in August. Before that it was the
        60 words
      • Article
        Philippine smelter ups allotment
        54 6 MANILA The Philippine Associated Smelting and Refining Corp has earmarked 20 per cent ot its 1993 output for the spot market, up from 10 per cent this year, said president Alfredo San Miguel yesterday. The contract sales basically cover buvers in Japan, South Korea. Taiwan, Indonesia,
        54 words
      • Article
        Kankaku to cut shareholdings
        70 6 TOKYO Kankaku Securities Co Ltd yesterday said it aims to sell half of its short-term shareholdings by March 31, 1993, as part of an asset-restructuring strategy. The shares it planned to sell, worth some 20 billion yen (***** million), were mostly in the form of crossholdings
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    • Article
      Lock icon Deadline for merging of Manila bourses in doubt
      436 6 Brokers fear Manila and Makati exchanges will not be united by Dec 31 Reuter MANILA Securities and Exchange Commission chairman Rosario Lopez has set a deadline of Dec 31 for Manila's two stock exchanges to unite, but brokers said on Wednesday they
      Reuter  -  436 words
    • Article
      Lock icon China Airlines issue in for turbulent takeoff
      287 6 Bloomberg TAIPEI Investors who buy shares in the initial public offering for Taiwan's flagship carrier China Airlines may be in for a bumpy ride, at least at takeoff, analysts said. Underwriters on Wednesday began selling to the public 41 million shares or 5
      Bloomberg  -  287 words
    • Article
      CP Group to widen agri-business into fruit, vegetables
      289 6 BANGKOK Thailand's Charoen Pokphand Group will further expand its al-ready-huge agri-business into fruit and vegetables next year with the intention of creating an integrated operation in this branch of agriculture. The Nation reported. Executive vice-president Ajva Taulananda. who heads its agri-business and
      289 words
    • Article
      Lock icon Thai company gets 3b baht loan for phone project
      286 6 Knight Ridder BANGKOK A Thai firm with a government contract to install and operate one million phone lines outside Bangkok has signed a three-billion-baht (SSI92 million) bridge loan with three Thai financial institutions, the firm said on Wednesday. The six-month loan
      Knight Ridder  -  286 words
    • Article
      Lock icon Chinese officials punished for stock fraud
      227 6 AP HONGKONG Chinese officials have punished nine people for stock fraud in connection with the chaotic sale in August of share application forms in the southern boomtown of Shenzhen, official reports said yesterday. The punishment represents the latest effort to crack down on mass
      AP  -  227 words
    • Article
      Lock icon BHP expected to turn in bumper interim result
      254 6 AFP SYDNEY Australia's BHP Co Ltd is expected to post a bumper first-half interim profit result today, analysts said. They said a lower Australian dollar. improved production figures and higher steel despatches should lift BHP's interim result by more than AS 100
      AFP  -  254 words
    • Article
      Lock icon Two Korean firms plan Viet venture
      151 6 Reuter SEOUL Two South Korean companies, Pohang Iron and Steel Co (Posco) and Dong Ah Construction Industrial Co Ltd. said they planned to set up a joint venture construction company in Vietnam. Posco and Dong Ah exchanged a memorandum of understanding with Vietnamese state-run
      Reuter  -  151 words
    • Article
      Lock icon IBM Europe likely to bear brunt of job cuts
      463 7 25,000 jobs to go under Big Blue's restructuring plan FT LONDON Europe, International Business Machines' single largest operation, is expected to account for almost half the 25,000 jobs the US computer giant plans to cut in 1993 under the restructuring programme
      FT  -  463 words
    • Article
      Lock icon Intel expects 4th-qtr net to be above estimates
      223 7 Bloomberg SANTA CLARA, California Buoyed by large demand for personal computers that use its microprocessors, Intel Corp says its fourth quarter net income will be "well above" analysts' estimates. Semiconductor analysts surveyed by Zacks Investment Research on Wednesday predicted Intel would report
      Bloomberg  -  223 words
    • Article
      Lock icon O&Y submits plan to cede assets to creditors
      225 7 Reuter TORONTO Olympia York filed a revised restructuring plan in a Canadian bankruptcy court on Wednesday that will leave the oncemighty Reichmann family with only a tiny fraction of its former massive holdings, lawyers said. The new plan puts the Reichmann family's
      Reuter  -  225 words
    • Article, Illustration
      Lock icon Reebok to take US$135m charge to revamp
      399 7 Bloomberg STOUGHTON, Massachusetts Reebok International Ltd, the nation's second-big-gest maker of athletic shoes, said on Wednesday that it plans to take an after-tax charge of about US$l35 million (Ss22o million) in the fourth quarter to restructure its operations. The four-part plan includes selling
      Bloomberg  -  399 words
    • COMPANY BRIEFS
      • Article
        Philips changes accounting policy
        58 7 EINDHOVEN Dutch electronics company Philips NV is switching to historical cost accounting from current cost accounting. Accounting on a historical cost basis shows fixed assets and stocks at their original cost, less provisions for depreciation and other necessary write-offs. Current cost accounting adjusts for inflation and
        58 words
      • Article
        Wang seeks more time
        94 7 LOWELL, Massachusetts Wang Laboratories Inc. reorganising under Chapter 11 bankruptcy protection, said yesterday that it has asked the US Bankruptcy Court for an extra 90 days to prepare its plan of reorganisation. The Creditors' Committee has expressed its support for Wang's request for extension ot the
        94 words
      • Article
        Torres valued at US$5b
        68 7 MADRID An internal company report dated November 1991 has valued Grupo Torras SA at US$5 billion. KPMG Peat Marwick UK said in a press statement yesterday that the report, drawn up by Torras directors, was based on valuations "performed in mid-1991". Grupo Torras is the Kuwait
        68 words
      • Article
        Trump close to refinancing debt
        77 7 NEW YORK Donald Trump is close to completing a proposal to refinance US$3OO million of debt on his Trump Plaza Hotel and Casino in Atlantic City. New Jersey, credit market analysts said on Wednesday. The flamboyant real estate developer put the Plaza and his Trump
        77 words
    • Article
      Lock icon Owners Abroad tying up with Thomas Cook, LTU
      187 7 Bloomberg LONDON Owners Abroad Group pic said it is forming an alliance with Westdeutsche Landesbank Girozentrale's Thomas Cook Group and the LTU Group. In a statement yesterday. Owners Abroad chairman Howard Klein said the alliance tied in two central strands in the
      Bloomberg  -  187 words
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      90 4 IN THE MARKET PAGES Thai prices gain ground 25 China worries hit HK 26 PRE IV C bf iCi- -r yj* "EXCLIISIFS IIIM ON T A G U T PARIS I I V 'V*' M tA 2. "P > j; —A Montagut Boutiques: 80 Marine parade. «02 18 parkway Parade.
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      306 5 R 1 Vodd noise is all but absent. What Car I hi sea r ere a m s ov e r the st ret s without a flutter. c t tl« e suspension is disciplined. Car Driver I o reduce noise and vibration, (the Lexus) has go n e down
      306 words
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      Page 6 Advertisements Column 1
      419 6 70mm Cinema DSP The Ultimate In Home Theatre Entertainment "Home theatre" in the true, modem sense of the word "theatre." A place where high definition video images combine with superb quality, Dolby*-processed sound that envelopes the audience from a multitude of directions. Cinema DSP provides a genuine cinematic experience right
      419 words
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      Page 6 Advertisements Column 2
      188 6 Our customers feel that our fish head curry is superb! 1 But as taste is subjective, we'll leave the final verdict to you. Let us J whet your appetite with our culinary skills. Reach for the mouthpiece and call 293 (Ml 3 for reservations. RESTART I OPEN DAILT (iicia4ii| SL'NDATS
      188 words
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      54 7 <*£* w 9 *+jmim§l Bp wantepl aapMw n» aritatfHa I *gp'& l| tfc f *Ao«m ma/i ,uran^ 9 M+crfim* ,/W <A//»>f/// Mazer c'.Ww untA A.* jra**/*/*,*,/ *rat W *~+-U :AMo* /~*r~,«.~*/ !**rf. V.A« .<*«—— «~/W~, Jrfiaro*,* «<~-r. At a tneto iiHHi/t/ fbe imftriMMri/ mi/A a fxitr of /h/kh. -u/ar* ALFRED
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  • FINANCIAL NEWS
    • SMALL CHANGE
      • Article
        Amex board to consider Shearson spin-off: paper
        89 8 LONDON American Express Co's board will soon consider cutting its ownership of securities arm Shearson Lehman Brothers Inc below 50 per cent through a public stock offer, a report in yesterday's European Wall Street Journal said. Under the plan, to be presented by
        89 words
      • Article
        HKBank (Canada) profit up
        73 8 HONGKONG Hongkongßank of Canada has posted a net profit for the 12 months ended Oct 31 of C 555.4 million (Ss7l million), up from C 551.8 million in the same period a year earlier. The bank, a member of the HSBC group, also reported a net
        73 words
      • Article
        Meteorite compensation
        106 8 TOKYO A Japanese family whose house had a hole punched through it by a meteorite will be compensated by an insurance company a first in Japanese insurance history. "No insurer in Japan has ever paid for damages caused by falling objects from outer space before," an official at
        106 words
      • Article
        Hurricane Andrew payout
        74 8 OLDWICK. New Jersey US reinsurance companies will pay US$5.9 billion (559.7 billion) to insurance companies to cover losses sustained from Hurricane Andrew, and will raise rates next year by between 35 and 300 per cent, an A M Best Co survey has found. Hundreds of reinsurance companies
        74 words
      • Article
        Request to cover funds
        68 8 LONDON Britain's Deposit Protection Board has asked contributor banks for £80 million (Ss2o6 million) to cover compensation to depositors in insolvent institutions like the Bank of Credit and Commerce International. The bulk of the new funding would come from big clearing banks like Barclays pic, HSBC
        68 words
    • Article
      Bank Rakyat Indonesia raises US$100m
      288 8  -  By Quak Hiang Whai SINGAPORE Indonesia's state-owned Bank Rakyat Indonesia (BRI) yesterday borrowed US$lOO million (S$ 164 million) for its general working capital. Singapore's NDC Merchant Bank arranged the term loan, which was signed yesterday. The cost of borrowing was pegged at 1.28 percentage point
      288 words
    • Article
      Lock icon Japan to impose strict controls on banks' securities units
      435 8 Reuter TOKYO Japan's Ministry of Finance (MOF), hoping to ease the pain of deregulation for battered brokerages, said yesterday it would put strict controls on subsidiaries of banks set up to do securities business. The ministry unveiled detailed guidelines on the
      Reuter  -  435 words
    • Article
      Lock icon Consumer group chides M'sian banks for inefficiency
      395 8 Bernama KUALA LUMPUR "It's time for you to grow up and stop depending on 'goodies' from Bank Negara" this terse message was handed down to locally-incorporated commercial hanks yesterday by a consumers' organisation. The Federation of Malaysian Consumers Association (Fomca) also told the
      Bernama  -  395 words
    • Article, Illustration
      Lock icon Westpac MD's resignation deals another blow to embattled bank
      526 8 Reuter SYDNEY The managing director of Australia's embattled Wcstpac Bank resigned yesterday, delivering yet another shock to investors already stung by big losses, a failed rights issue and board upheaval. Frank Conroy's resignation came ahead of and some analysts said because
      Reuter  -  526 words
    • Article
      Lock icon US judge overturns Price Waterhouse jury verdict
      277 8 FT PHOENIX, Arizona A US judge has overturned a US$33B million (***** million) jury verdict brought by Standard Chartered against Price Waterhouse in a move which paves the way for a new trial next spring. Judge John Sticht of the Superior Court of
      FT  -  277 words
    • Article
      Lock icon US long-term rates will continue falling till 1994: OECD
      272 8 Bloomberg WASHINGTON US long-term interest rates will continue to decline through 1994 as inflation lessens and European bond rates tumble, the Organisation for Economic Cooperation and Development (OECD) said in a report. Short-term rates, however, will increase by the end of
      Bloomberg  -  272 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      699 8 A <•> CENTREPOINT PROPERTIES LTD (Incorporated in the Republic of Singapore) RESULTS FOR THE 3 MONTHS PERIOD The directors are pleased to make the following preliminary announcement of the audited results for the 3 months ended 30th September 1992 (the Company having changed its financial year end from 30th June
      699 words
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  • THE REGION
    • Article
      Bangkok to seek diamond barter deal with Moscow
      528 9  -  From John Helmer in MOSCOW THE Thai government has proposed that Russia clear its debts and pay for new purchases of rice and tapioca with an unprecedented sale of polished diamonds. Thai officials say. The proposal follows a recent decision by the
      528 words
    • Article
      Lock icon Malaysia close to buying jet fighters, copters from Russia
      376 9 IHT KUALA LUMPUR Malaysia appears close to a decision to end its reliance on Western arms by buying jet fighters and attack helicopters from Russia, partly because the US and other North Atlantic Treaty Organisation (Nato) countries put restrictions on the
      IHT  -  376 words
    • Article, Illustration
      Lock icon Mobile phones set to ring up profits in Asia
      429 9 Reuter BEIJING As a toy for yuppies, portable telephones have found a lucrative niche in Asia, but manufacturers are betting their future on a mass market emerging in the world's fastest-growing region. They argue that cellular telephones are the wave of
      Reuter  -  429 words
    • Article
      Lock icon Thais struggle to keep growth on track
      368 9 Reuter BANGKOK Thailand's economy has reached a crossroads where the rapidly industrialising country is finding the paths to further growth rough and uncertain. Analysts and government planners argue that the dwindling of Japanese and other foreign investment requires Thailand to rethink its strategy
      Reuter  -  368 words
    • Article
      Sham Laos investment manuals sold to foreigners
      197 9  -  From Philip Wakefield in VIENTIANE I.KFIOVKR copies of a next-to-usclcss investment manual on Laos arc being offloaded on unsuspecting foreigners seeking to do business in the Indochincsc country. Ihe manuals were produced for a forum on Investment Opportunities in Imos, held in Sydney
      197 words
    • NOTE BOOK
      • Article
        Khmer Rouge frees UN hostages
        61 9 PHNOM PENH The 21 UN peacekeepers taken hostage by the militant Khmer Rouge guerilla faction in central Cambodia were freed yesterday, a UN spokesman said. The captured men 15 Indonesians, two Cambodian translators and one military observer each from the US. China. France and Senegal
        61 words
      • Article
        KL, Taipei in investment pact
        70 9 KUALA LUMPUR Malaysia has agreed to sign an investment guarantee pact with Taiwan to help further boost bilateral investments, Malaysia's International Trade and Minister Ralidah Aziz said yesterday. Taipei does not have diplomatic ties with Kuala Lumpur, which recognises Beijing. But Taiwan is one of
        70 words
      • Article, Illustration
        Filipino green movement
        30 9 MARAW I. Philippines Filipino Muslims staging a protest rally opposing logging during a visit of President Fidel Ramos in this southern city on Mindanao island on Wednesday.
        30 words
      • Article
        Australia drops loyalty to Queen
        63 9 SYDNEY Australia has decided to drop Britain's Queen Elizabeth 11. still titular head of state of the former British colony, from the oath of allegiance taken by new citizens. Australians-to-be will instead swear allegiance to Australia. Prime Minister Paul Keating told reporters. The change will
        63 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      462 9 A Zodiac MT \qlr r %j i-'' Automatic Chronograph ifi (Dome mineral anti-reflection treatment) Adventurers who love the challenge of the sea, know they can rely on the sturdy resilience of a Zodiac. wHHPyy Screw-locked into a block of solid steel (to match their *J> nerves), it is a watch
      462 words
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  • THE REGION/THE WORLD
    • Article
      Lock icon China's industrial output value up 26.1pc in Nov
      431 10 But govt warns of growing danger of inflation Reuter BEIJING China's booming economy expanded at a fast pace in November, powered by government agencies and factories pouring billions into investment, but the danger of inflation is increasingly severe, the government said. Industrial
      Reuter  -  431 words
    • Article
      Lock icon Slowdown may force scaling down of Tokyo Expo
      351 10 Asahi News Service TOKYO Promoters are worried they may have to scale down or again postpone a "world-class" exposition slated for 1996 to show oil' the Tokyo metropolitan government's eight trillion yen (S$ 104.8 billion) waterfront development project. The prolonged economic slowdown
      Asahi News Service  -  351 words
    • Article
      Lock icon Taiwan parties modify platforms ahead of polls
      541 10 Change in hardline policies a bid to attract votes AFP TAIPEI Taiwan voters get their first taste of real democracy tomorrow in landmark parliamentary elections that have seen the island's two rival parties modify their hardline platforms to an unprecedented degree. According to
      AFP  -  541 words
    • Article
      Lock icon Spending cuts, bumper crop check Indian prices
      254 10 Reuter NEW DELHI A bumper harvest and cuts in government spending are helping to lower India's inflation rate to about 9 per cent after a three-year surge, but prices are still too high, analysts said yesterday, "Inflation should be below double-digit levels but
      Reuter  -  254 words
    • WORLD WATCH
      • Article
        Americans trace their family tree
        94 10 WASHINGTON One in four Americans is of German heritage, making up the biggest ethnic group in the United States, according to statistics published on Wednesday by the Census Bureau. The ancestors of one in six Americans came from Ireland, while one in eight are of
        94 words
      • Article
        Honecker may get new passport
        79 10 BERLIN Former East German leader Erich Honecker, terminally ill with liver cancer, could get a new passport within days as lawyers consider ending his prosecution on medical grounds, legal sources told AFP on Wednesday. Honecker. on trial for the deaths of East German fugitives killed
        79 words
      • Article, Illustration
        Calm after the storm
        44 10 LONDON Police stopping people from walking down Regent Street, near the world-famous Hamley's toy shop after it was sealed off by the police on Wednesday. Two explosions hurt four people in London's West End which was busy with Christmas shoppers.
        44 words
      • Article
        Wanted: Weinberger's diaries
        62 10 WASHINGTON The Iran-contra prosecutor's office asked a judge on Wednesday to allow the use of diaries of former defence secretary Caspar Weinberger to bolster the government's case. Weinberger is charged with lying to investigators by denying he took detailed notes during White House meetings on the arms-for-hostages
        62 words
      • Article
        Israel issues deportation orders
        59 10 JERUSALEM Israel's Cabinet announced yesterday it has authorised deportation orders against Palestinian Muslim fundamentalists, following the kidnapping and killing of an Israeli border policeman earlier this week. However, the deportation orders were stayed early yesterday by the Supreme Court after a human rights group petitioned the
        59 words
  • Page 10 Advertisements
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      189 10 COUGAR UNLEASHED prowess. Choose from our five tested and proven models and unleash your $f tf\ mrnu\ most powerful performance ever. E% precision HI (3 vjyjy The premier club by Cougar with Cavity Back Design, Temper Steel) rr Also available with Progressive Weighting System, Progressive Offset Cold Boron and Hosel,
      189 words
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  • THE WORLD
    • Article, Illustration
      Lock icon Germany, Russia pave way for debt package
      522 11 Repayment of 17b marks owed by Moscow deferred by eight years FT, Reuter uermany and Russia settled on Wednesday their most important financial dispute, clearing the way tor a debt-rescheduling package for Russia in the Paris Club this week. A series of agreements
      FT,; Reuter  -  522 words
    • Article, Illustration
      Lock icon Yeltsin appoints Gaidar as presidential consultant
      299 11 FT. Reuter MOSCOW Russian President Boris Yeltsin has appointed his former acting prime minister, free market radical Yegor Gaidar, as a personal consultant on economic matters, a presidential spokesman said yesterday. The 36-year-old economist would head a new economic institute and act as presidential
      FT.; Reuter  -  299 words
    • Article
      Lock icon Norwegians find Christmas tree shortage embarrassing
      435 11 Reuter OSLO Norway exports one of the world's most famous Christmas trees to London's Trafalgar Square but Norwegians are squirming with embarrassment this year because half the trees they buy come from Denmark. "Norway importing Christmas trees is like China importing rice," said Egil
      Reuter  -  435 words
    • Article
      Lock icon Debt more manageable for middle income nations
      280 11 AFP WASHINGTON The Third World debt is becoming more manageable for middle income countries but the poorest nations remain mired in debt, the World Bank said on Wednesday. The debt load of developing countries hit US$l.42 trillion (552.32 trillion) in 1991, including the
      AFP  -  280 words
    • Article
      Lock icon UN to send peacekeepers to Mozambique
      381 11 AP UNITED NATIONS The UN Security Council voted unanimously on Wednesday to send 8.000 peacekeepers to Mozambique to enforce a peace accord after 16 years of civil war. The fighting in this southern African nation has killed at least 600.000 people, mostly civilians, and
      AP  -  381 words
    • Article
      Lock icon Group of organisations asks Clinton to renegotiate Nafta
      361 11 AP WASHINGTON Labour, rural, conservation, consumer and church groups on Wednesday asked Presidentelect Bill Clinton to renegotiate the North American Free Trade Agreement. The three-nation pact was scheduled for ceremonial signing late yesterday in Washington, Ottawa and Mexico City. A coalition of
      AP  -  361 words
  • Page 11 Advertisements
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      113 11 Before you take your first step, we take 250. SINCE 1873, Church Company has to elegant -g—- —Available at Isetan Orchard, Robinsons, been producing classic English shoes. city shoes (^^^5 So^, and Cinderella Shoe Boutique Some 2'>() stages go into the making of and relaxing (Shaw Centre). a pair as
      113 words
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      Page 11 Advertisements Column 2
      11 11 foerftaqe Si** GOLF FASHION WEAR fc t> '-r-. > m $> x Mi>
      11 words
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  • Article
    Goh cannot go
    506 12 EDITORIAL VOTERS in the Marine Parade group representation constituency go to their polling stations tomorrow in a by-elec-tion which the Prime Minister says has become a general election. What started out as an exercise in self-renewal, coupled with keeping a promise made during the 1991 General Election,
    506 words
  • WHAT THE OTHERS SAY
    • Article
      Don't upstage China
      284 12 HONGKONGERS, who are as clear-headed as they come on matters of "freedom" to be free to accumulate wealth, primarily are not likely to sacrifice life or limb for that. They have the liberty they want. This truism Governor Chris Patten does not appear to have grasped. For
      284 words
    • Article
      More can upgrade now
      95 12 THE HDB FLAT conversion scheme is a flexible alternative for many Singaporeans who dream of bigger homes. The scheme also helps residents to stay put in their beloved housing estates, thus strengthening community ties. The costs of upgrading are also made much lower through this scheme.
      95 words
    • Article
      No more shock therapy
      126 12 WITH BORIS YELTSIN losing his choice of prime minister, as well as the four major ministers, there is no doubt that Russian policy, both foreign and domestic, is in for changes. After a year of radical reform, the leaving of Gaidar, while not spelling abandonment of
      126 words
  • REGIONAL VIEWPOINTS
    • Article
      Two giants get together
      176 12 THE DIFFICULTIES Russian President Boris Yeltsin faces in dealing with his conservative opponents in Moscow are such that he might have been forgiven for postponing a three-day visit to Beijing and Shenzhen this week. That he has decided to go ahead with it speaks volumes for
      176 words
    • Article
      Just defend the country
      161 12 FOR TOO LONG, the military has held the self-apv-pointed role of guardian-cum-referee of Thai politics. The role has its seeds in the military's participation in the 1932 revolution in which absolute monarchy was abolished for constitutional rule, and from the military's refusal to submit to civilian
      161 words
    • Article
      Keep improving services
      154 12 ALTHOUGH PRIVATISATION has generally been said to have improved things all round, there remain some residual concerns. Foremost is the behavioural change expected of the staff. The human element that is, the psychology of people steeped in the civil service tradition to become competitive employees in the
      154 words
  • Article
    Lock icon Job cuts threaten US economic recovery
    1086 12  -  Cost cutting is the rage. But consultants say few US companies are actually becoming more nimble, competitive and profitable. Steve Lohr reports Steve Lohr NYT THE US economy may be expanding modestly, even adding some jobs at last, but big companies are continuing to
    NYT  -  1,086 words
  • Page 12 Advertisements
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      79 12 DOONESBURY GARRY TRUDEAU fOUHFtt kiflJ, T WFS, TO CLINT CAUCUS, IHOPF NOT r TTMfttSIP mju? N&QALrme NINBY£A&. YOUWOU, I IRONIC. n'S AGAINST rs m COMfWRS. WUUXe PZPSONALMTA, US£P TD THINK THATWAS TH£ ISN'T PMQ&JRZ PTI HOW "CAUCUS"HIS n TOSTAKT, MA'AM. YOU ENPRORMS, THAT TH£ SLIGHT- fTT V/, fl CCM* RtALNAMB
      79 words
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  • ANALYSIS
    • Article, Illustration
      Carrian: how the scandal unfolded
      1783 13  -  Hongkong Correspondent Catherine Ong relates the background of the Carrian affair as Lorrain Osman awaits trial in the colony Catherine Ong MORE than a decade after the collapse of the Carrian group of companies, the whole truth behind one of Asia's biggest corporate scandals has
      1,783 words
    • Article
      Lock icon Worrying that a robust economy may stall
      957 13  -  South Koreans vote for a new president today with an apprehensive mind. Andrew Pollack reports Andrew Pollack NYT TO SEE the hope of South Korea's economy, one must put on a special pair of pants, a jump suit, a hood, facial mask, booties
      NYT  -  957 words
  • Page 13 Advertisements
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      83 13 CONVERSATONS I RAFFLES "The authorities should environment that IK conducive to H 9' ve people more stm JiJ freedom of thought, H fir provoke them, make f them think more." Sim Wong Hoo, driving force behind the first Singapore company to be listed on Nasdaq, speaks his mind on the
      83 words
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  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      324 14 Now Macintosh* comes with the world's most popular software FREE. B/jgg® i^pi'[ Now when you buy the world's easiest computer, you'll get some of the world's most convenient package that integrates word processing, database, spreadsheet, graphics and popular software, free. All Macintosh desktop models (except the Classic II and the
      324 words
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  • FOCUS
    • Article, Illustration
      Lock icon S Korean chips get fried in the US
      1428 15  -  American firms, which once backed Korean chip makers, are now turning the law against their proteges, reports Andrew Pollack Andrew Pollack NYT WHEN Samsung Electronics decided to enter the computer memory-chip business in the early 1980s, it tried to license the technology
      NYT  -  1,428 words
    • Article, Illustration
      Lock icon Land of rising costs
      924 15 Made-in-Japan goods are pricing themselves out of the market even as the West is picking up Japanese management style Nikkei Weekly NOT long ago, some Japanese personal computer makers got hold of new products by Compaq Computer Corp of the US to disassemble them for all-out
      Nikkei Weekly; Source: US Department of Commerce  -  924 words
  • Page 15 Advertisements
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  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      923 16 ErHffl Nothing BeatsA Bud. where to wine, dine OF *7cmc o p*tt HIG E A At only $11.80++ per adult and $6.80+ per child, Thccombinedcxpcrienceof inclusive of coffee/tea, this is our Pcnang chefs total 80 one high tea with a years to bring you the best! difference you should savour.
      923 words
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      Page 16 Advertisements Column 2
      337 16 MERRY; MERRY CHRISTMAS WW At the Neptune you can dance the IV night away at our Christmas Eve Party. Or you can sit back and enjoy our international revue show. $88 nett per diner, $45 nett per non-diner $38 nett per child below 10 yrs. For a truly celebrative time
      337 words
  • Page 16 Miscellaneous
    • Miscellaneous
      Page 16 Miscellaneous Column 1
      717 16 TELEVISION AND RADIO Hiohwa\7 ctor s BC i2 zzi ?:ss business on radio AAlgllWaj SUU 725 ZitSL£iT d hy 5.55 M o^„,„ B loiioncj„ u,. S:SS SSMKiKt 8.00 Millennium: Tribal Wisdom tie Prince Cedric (C). 10.00 World News (M). 7.05 am, 1.30pm, 5.05pm, 1.05 am. HI ;WJ j fa] m
      717 words
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  • LIFESTYLE 1
    • Article, Illustration
      Lock icon Paul McCartney for the '90s
      888 17  -  The ex-Beatle returned to the scene of an old triumph last week to look back and ahead, writes Allan Kozinn Allan Kozinn NYT f f -W" LOOK I around and I I get the I feeling of deja I'm. like I've been here before," Paul
      NYT  -  888 words
    • Article, Illustration
      Lock icon Tinseltown comes to Nashville
      875 17  -  Hollywood is putting the home of country music on the silver screen. Peter Apple Dome says the townsfolk isn't exactly thrilled about it Peter Applebome NYT THE Bluebird Cafe sits in a strip shopping centre next to the Patio Hair Salon in the pricey Green Hills
      NYT  -  875 words
    • Article, Illustration
      Lock icon No homecoming for Kundera
      970 18  -  Despite the fall of communism in his native Czechoslovakia, exiled writer Milan Kundera has repeatedly refused official invitations to return. Burton Bollag finds out why Burton Bollag NYT Three years after the fall of communism and the unbanning of his books in Czechoslovakia, Milan Kundera has
      NYT  -  970 words
    • Article, Illustration
      Lock icon Jimmy Hoffa: Robin Hood or hoodlum?
      1226 18  -  Mr A H Raskin reminisces about the tough US union leader whose life story has made it to the movie screen A H Raskin The writer w as for many years chief labour correspondent of The New York Times NYT two OMEDAY you're going
      NYT  -  1,226 words
    • Article, Illustration
      Avoid turkey and save the ozone layer, says doctor
      636 18 CHATTERBOX A DOCTOR in Sydney has told Australians that they should steer clear of flatu-lence-producing Christmas fare such as turkey and plum pudding to help save the ozone layer. "There's been no real measurements of emissions from humans as a contributor
      636 words
    • Article, Illustration
      Royal appearance
      50 18 LONDON Queen Elizabeth talking to director Sir Richard Attenborough at the premiere of his film Chaplin here on Wednesday. Hundreds waited in the rain for the arrival of the queen and the stars. In the centre is actor Robert Downey Jr who plays Charlie Chaplin in the film.
      50 words
  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      163 17 AND ENTERTAIN The Ocean s Catch Our Seafood Buffet on Fridays are "fishy" affairs. Drop by for the freshest catch from the ocean Buffet Lunch from 12 pm at $19.50++ Buffet Dinner from 6.30 pm at $21.00++ ANA HOTEL For restorations, please call SINGAPORE 732-1222 extension 1700 HAVE A LOG
      163 words
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      Page 17 Advertisements Column 2
      402 17 gxotte 7 Dec to 31 Dec 92 dxpenence exotic dining and partake in the goodness of snacks, padi birds turtles decrs and ducks Shredded snake meat with chrysanthemum baked padi sparrows slutted with liver sausage and braised turtle in claypot. |ust to name a lew Available tor lunch and dinner
      402 words
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  • Page 18 Advertisements
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      Page 18 Advertisements Column 1
      182 18 Win a bonanza of a golf holiday with Our "Golf Holiday Bonanza" promotion is now on! GOLF Every $150 purchase of golf products from us entitles you to a lucky draw coupon. The draw will be held on 12 Feb '93 and you could win exciting golf package tours listed
      182 words
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      Page 18 Advertisements Column 2
      16 18 New C.B.D. Office Leased to 2003 Guaranteed Rental Growth Under Assm. Contact Jim Williams 220 3888
      16 words
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  • SPORTS
    • Article, Illustration
      Lock icon World's top 28 golfers to compete for US$2.7m
      515 19 AP, Reuter MONTECiO BAY, Jamaica A total of US$2.7 million (554.4 million) in prize money with U*****,000 to the winner and US$5O,OOO to the last-place finisher has lured 28 of golfs top players to the Tryall Golf Club for the second World
      AP,; Reuter  -  515 words
    • Article
      Lock icon Geddes seeking third straight title
      334 19 AP GOLD COAST, Australia Jane Geddes will be bidding for her third straight Australian Ladies Masters golf title when she tees-off in the first round today over the Royal Pines resort course. Geddes, who finished a disappointing 32nd on the 1992 US LPGA Money Leaders
      AP  -  334 words
    • Article
      Lock icon Lewis makes Bowe his main target
      305 19 AP MONTEGO BAY, Jamaica Newly-named World Boxing Council heavyweight champion Lennox Lewis has listed three possible opponents for his first title defence but said his principal target is still Riddick Bowe. "Lennox Lewis' mission was to become heavyweight champion," Lewis said on Wednesday. "He
      AP  -  305 words
    • Article
      Lock icon Major backing
      144 19 UPI STRASBOURG Sportsloving British Prime Minister John Major escaped some of the political pressures on Wednesday to promote Manchester's bid for the Olympic Games in the year 2,000. "It seems to me that one of the uncontroversial areas of British politics is sport and Manchester's bid for the
      UPI  -  144 words
    • SIDE LINES
      • Article
        Tragic end to perfect game
        102 19 TAY LOR. Michigan Bob Bittner. who fell in love with bowling when he was a child, bowled his first perfect game this week after 31 years of trying. But he showed little emotion while a cheering mob of friends celebrated his feat. Thirty minutes later,
        102 words
      • Article
        Courier, Seles are tops
        101 19 LONDON American Jim Courier and Yugoslav Monica Seles were named as tennis' world champions for 1992 by the game's governing body here on Wednesday. Courier won the International Tennis Federation's vote for the first time after his two Grand Slam victories in the Australian and French
        101 words
      • Article
        Burning issue
        79 19 PARIS French Sports Minister Frederique Bredin has proposed a new tax on cigarettes to compensate motor sports threatened by laws banning tobacco advertising and sponsorship. "New means must be found to safeguard French motor sports." Bredin said on Wednesday. Revenue from a slight increase in the price of
        79 words
      • Article
        Tour to tee off in Malaysia
        51 19 MACCLESFIELD, England Next year's European women's professional golf tour is to tee off in Malaysia. Kelab Rahman Putra will stage a US$3OO,OOO event from Jan 14 to 17 and will be the tirst of the tour's 13 tournaments, which will be spread over eight
        51 words
  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      378 19 NEXT GENERATION SHOPPING CENTRES Trends In Development Retailing Februaiy 12,1993 Westin Stamford Hotel, Singapore •9am- 5 pm 1993 will undoubtedly be a watershed year in the history of shopping centres in Singapore. Shoppers will experience a quantum leap into the next generation of shopping malls, with the completion of Takashimaya
      378 words
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  • STOCK EXCHANGE OF SINGAPORE 1
    • Article, Illustration
      Index perks as investors pick up blue chips
      3917 20  -  By Moiz Tyebally LOCAL and foreign investors picked up blue chips yesterday ahead of the long Christmas holiday next week. The moderate buying boosted share prices and the benchmark Straits Times Industrials Index jumped 11.69 points to 1,468.31. However, the UOB-OTC Index,
      3,917 words
    • Article, Illustration
      Lock icon HOTSTOCK
      80 20  -  Paul Leo QAF Ltd surged 70 per cent to 81.5 cents from its year low at 48 cents in August and is poised for a correction back to 68 cents. Monthly, weekly and daily RSls are above 75, which indicate that it is overbought. Daily stochastics are approaching 100.
      SOURCE: BRIDGE INFO  -  80 words
  • Page 20 Advertisements
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      77 20 f(j|% BERTOLUCCI LgMjLa S»ifiptMT TMI HOUR GLASS lucky Pl*/* Tel 7J*****V1 Scam Tei 2J*****/7198 Tel *****98 NH f*n.njuiaPlluTe* D7810V*****6J •PjUisKefVi.i&mceTH 71 Jl 262/S4l Kjt»les IH *****41 Change Airport Term.rvil 1 (i<H A WH W.np) Tel *****69 A) Terrrvrvil 2 (South Wing) T(4 *****81 Sole Agent TMf MOj* CI ASS 20
      77 words
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  • Article
    STOCK EXCHANGE OF SINGAPORE 2
    3226 21 MB Asia 750 M» +7.1% DBS Foreign 1340 40 3.1% BAT 21c 670 30 -4 7 (K BC Foreign 1210 30 2.5% AC Wi 342 4 20 6.2% F&N I l«M> <20 H.9% Clipsal 60c I'SS 406 4 10 2.5% Inchcape 50c >60 <-15 2.8%
    3,226 words
  • Page 21 Advertisements
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      Page 21 Advertisements Column 1
      23 21 ROY EASTERN WATCH, *01-74 LUCKY PLAZA, *01-86/88 LUCKY PLAZA, *01-19 PARK MALL, TEL: 734 3139. DELUXE EASTERN WATCH, *01-18/20 CENTREPOINT, TEL: 235 2536.
      23 words
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  • Article
    STOCK EXCHANGE OF SINGAPORE 3
    3428 22 Sungei Way 336 +22 +7.(1% M Banking 660 15 +2.3% UMW 408 231% tsso 50c 426 16 1 4% M Cement 50c 310 *6 2.0% \1 Resources 13f 6 *4.5% M Mosaics 105 +5 5.(1% KL kepong 212 +4 +1.9% Public Bank 50c +4 +4.2%
    3,428 words
  • Page 22 Advertisements
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      Page 22 Advertisements Column 1
      330 22 BUSINESS TIMES Toll free Tel No 737 0043 Fax No: 734 3698 Kong Joo Pte Ltd (Incorporated in the Republic of Singapore) NOTICE IS HEREBY GIVEN pursuant to Section 296 of the Companies Act. Cap 50 that a Meeting of the Creditors of the abovenamed Company will be held at
      330 words
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      Page 22 Advertisements Column 2
      315 22 AOO-ON TRADING PTE LTD (In Members' Voluntary Winding-up) NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the Company convened and held at 1 Colombo Court #08-17 S pore 0617 on Monday 14 December 1992. the following Special Resolutions were duiy passed I.That the Company be wound-up voluntarily and that
      315 words
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      Page 22 Advertisements Column 3
      170 22 CONTENTS SPORTS POINT PTE I.TD (INCORPORATED IN SINGAPORE) I In Members' Voluntary liquidation! Registered Office: 140 Pava l.ehar Road. #03-09 A-Z Building Singapore 1440 NOTICE OE FINAL MEETING NOTICE IS HEREBY GIVEN that the Final General Meeting of the Company will be held at the Registered Office on 18th January
      170 words
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      Page 22 Advertisements Column 4
      266 22 IN THE MATTKR OK THK COMPANIES ACT, CAP. 50 AND IN THK MATTKR OK ZONK REALTY PTK LTD (INCORPORATED IN SINGAPORE) (IN MKMBKRS' VOLUNTARY WINDING I P) NOTICE OK KINAL MEETING NOTICE IS HEREBY GIVEN, pursuant to Section 308 of the Companies Act, Cap. 50. that a Final Meeting of
      266 words
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  • KUALA LUMPUR STOCK EXCHANGE
    • Article, Illustration
      Lock icon Institutional buying of blue chips sends index higher
      5716 23 Bernama RETAIL investors took profits to lead share prices to a slightly easier close yesterday hut institutional support for blue chips kept the market indices up. The KI.SE Composite Index at the close added 3.22 points to 636.11, the Industrial Index was
      Bernama  -  5,716 words
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  • BT SHARE INFORMATION SERVICE
    • Article
      AUDITED RESULTS
      449 24 Company Date Year Group Net Net earnings Gross ann to profit/loss per share dividend ('000) (cents) Wing Tai Dei 4 Jun 92 $14 431(19/26) 68(5/) 16tl6) Kemayan Dei 2 May 92 M$23.461L($/3) 3(15) AISB Dei 1 lun 92 M$334(M$11.495) 033(11 2) 5(12) Amal Steel Dec 1 lun 92
      449 words
    • Article
      INTERIM RESULTS
      403 24 Company Date Half-year Group Net Interim ann to profit/loss dividend ('000) Kim tng Dec 1 Sep 92 $7.368($3.694) -<-) M Credit Dec 1 Sep 92 $2.042L ($6,249) l(-) GB Hldgs Nov 30 Sep 92 $1.825($1.108) 2 5TE(2 5)TE Metro Hldgs Nov 27 Sep 92 $3,661 ($1,938) -<-) PMRI
      403 words
    • Article
      RESULTS FORECAST
      158 24 Main Board last FuN Year Forecast Date Net Net Profit EPS awed Year EPS Gross profit Range Range Company Period last jr ending (cts) drv ($000) (SJm) (cts) Marco Poio F Nov 18 Dec 92 1 8 1 5 4.925 4 5 —7 5 1 2-20 Asia Pacific
      158 words
    • Article
      OTHER RESULTS DUE
      300 24 Main Board Last Full Year Company Period Date Tear EPS Gross Itet announced ending (cts) dhr profit 1st year (SS 000) Kings Interim Sep 10 Dec 92 5 3 50 4 436 HTP HWgs Interim Nov 15 Mar 93 25 3 3 3 981 IC MPH Interim
      300 words
    • Article
      DIVIDENDS ANNOUNCED
      815 24 Current Ex Books Date Total for Total for payment date close payable the year last year A (SB 5%(b) Ian 8 Jan 22 )an 29 5". 12% Amai Steel 50c 12%<b) Nov 19 Dec 3 ten 2 12% 12% Amtek Er* 20c 6%It Oec 4 Dec 10 Dec
      815 words
    • Article
      CORPORATE DEVELOPMENTS
      954 24 Dec 16 Eastern Vetonit Industries Pte Ltd, a member of the Nat Steel Group of companies, has been wound up. Chemical Industries (M) Sdn Bhd. a subsidiary of Hexza Corporation is embarking on a second expansion project by investing MS 1.2 million (*****.000) on additional equipment to produce
      954 words
    • Article
      SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS
      882 24 Trans Registered Substantial Buy/ No. of Amount Shareholding Stock Date Holder Shareholder/ Director Sell shares Before After Venture Mfg 11/12/92 Malaysian Smaller Cos Fund (Cay man) S 4.523.000 4.904.741 5.313.000 7 81 790.000 1 16 Semb Stopyard 10/12/92 Street Names Temasek Holdings *B 3.000 23.731 89 532.918
      882 words
    • Article
      APPROVED ISSUES
      390 24 Company Rights Issue Alance Ted) Three tor hve SI 00 per share Eidate Dec 10 Bks One Dec 22 Acceptance and Payment NYA Gutfue GTS One tor one SO 23 per share Eidate Nov 26 Books Close Dec 8 Acceptance Payment Jan 18 hron{ En| One tor hve
      390 words
    • Article
      PROPOSED ISSUES
      385 24 Company Rights Issue fcnal Steel One tof two iff M$2 20 per share Issue of *****m 50" Cumulative Redeemable Preference shares ot 10 sen each 1992/97 (CRPS) with up to *****m Transferable Subscription Rights (TSR) tor an aggregate price of M$1 pet CRPS with one TSR. on the
      385 words
    • Article
      COMPANY MEETINGS
      127 24 Sunshine ASed Investments Ltd: EGM at 481 Tanglin Halt Road, Singapore 0314. on Friday. December 18. at 8.30 am Benta Plantations Bhd: 17th AGM at the Melia Kuala Lumpur, Rose Room (M Floor), 16 ialan Imbi. ***** Kuala Lumpur, on Friday, December 18. at 10.00 am YTI Corporation
      127 words
    • Article
      RECORD HIGHS & LOWS
      162 24 RECORD HIGHS LOWS BT Composite Index ST Industrials Index 1992 Nfh: 1316 68 21/2/92) 1992 high: *****2 (27/1/92) 1992 low: 1122.50 (18/8/92) 1992 low: 1310.95 (18/8/92) 1991 Nfh: 1333.08 3/6/91) 1991 htfi: *****8 (3/6/91) 1991 low: *****2 (16/1/91) 1991 low: *****8 (16/1/91) 1990 htfi: 1435 43 (16/7/90) 1990 Ngh: 1607.12
      162 words
    • Article
      SCRIPLESS CONVERSIONS
      76 24 C onversion Special Trdg Scripless Conversion deadline Period trading (ompan> starts (IDF) (ST) starts Alliance lech Jan 13 Feb 3 Jan 22 Feb 3 Feb 4 Guthrie C IS Jan 5 Jan 26 Jan 13 Jan 26 Jan 27 SIA Dec 4 Dec 31 Dec 18 Dec 31
      76 words
    • Article
      MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      377 24 In local curr In S$ In l'S$ dy S >t S dy yr S dy S yT Dec 16 Index dige chge chge chge chge chge World 390.0 0.0 -4.5 0.2 -6.0 0.3 -7.0 $E\FE 453.3 -0.2 -9.7 0.3 -12.3 0.4 -13.3 Europe 419.8 0.1
      377 words
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  • CHINA STOCK EXCHANGES
    • Article, Illustration
      Lock icon Interest in Shanghai A shares boosts prices
      423 25 CLSA FURTHER recovery was seen in Shanghai A shares yesterday. Buying interests emerged to push the CLSA Shanghai A Index up 3.5 per cent to 4.682. but turnover was a thin 10.8 million shares. The Shanghai B Index was little changed at 697.4.
      CLSA  -  423 words
  • JAKARTA STOCK EXCHANGE
    • Article, Illustration
      Uncertainty over Astra hits market
      1061 25 STOCKS closed lower yesterday. Brokers said the uncertainty surrounding the ownership of Astra International was detrimental to market sentiment. "There is aggressive selling, some want to clear their positions before Christmas," one foreign broker said. Another said the imminent change in Astra owners affected confidence.
      1,061 words
  • STOCK EXCHANGE OF THAILAND
    • Article, Illustration
      Lock icon Prices gain ground as investors begin to return
      2211 25 Reuter THREE major property firms led gains in their ac-tively-traded sector, and brokers said speculative stocks came back to life again yesterday as investors started to return to the market. The SET Index gained 9.52 points to close at 849.92 on turnover
      Reuter; Source: Bridge Info  -  2,211 words
  • Page 25 Advertisements
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      Page 25 Advertisements Column 1
      182 25 YOUR VERY OWN HASSLE-FREE ELECTRONI^NEWS-CLIPPIN^SE^nCI^ I If news and other pertinent information on companies listed on the Stock Exchange And for a subscription fee of only $250 per month, you and your company can fit I of Singapore Clob International are important to you and your business, then SPH subscribe
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  • TOKYO STOCK EXCHANGE
    • Article, Illustration
      Lock icon Shares end firmer on index-driven trade
      2560 26 Reuter STOCKS ended firmer though off highs in indexdriven trade yesterday. Sentiment was eneouraged by speculation that the Osaka Securities Exchange (OSE) will change its stock futures index and that the government might revise land taxes to help companies with large land holdings, brokers
      Reuter  -  2,560 words
  • STOCK EXCHANGE OF HONGKONG
    • Article, Illustration
      Lock icon New China worries hit market
      2511 26 Reuter SHARE prices were lower near the close yesterday as new China worries hit the market and dealers took profits from Wednesday's sharp rises, brokers said. The blue-chip Hang Seng Index fell 86.50 points or 1.60 per cent to 5,329.46 after China's Foreign Minister Qian
      Reuter  -  2,511 words
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  • AUSTRALIAN STOCK EXCHANGE
    • Article, Illustration
      Lock icon Market rallies on stronger Aussie dollar
      2065 27 Router THE market overcame early weakness to end slightly ahead yesterday, helped by solid buying in major stocks. "The market showed very good resilience and there was some good domestic buying." said Prudential-Bache's Geoff Wilson. Dickson's Diane Jenner said the rally was aided by
      Router; Source: Bridge Info  -  2,065 words
  • REGIONAL STOCK MARKETS
    • Late rally on election eve boosts Seoul stocks
      • Article
        SEOUL
        855 27 INTERVENTION by the Korea Securities Market Stabilisation Fund provided a late rally on the active stock market and the index was pushed into positive territory in the dying minutes of the session yesterday, brokers said. They said they were unsure of market direction due to the uncertainties of the
        855 words
      • Article
        Untitled
        56 27 INDiCESuSc-TURNOVER Close IVf 17 Previous NEW ZEALAND NZSE-40 Capital 1.509.52 1.521.19 -II 67 MANILA Composite Index Turnover (mil pesos) 1.226.73 261.3 1 222.92 *679.5 3.81 -418 2 TAIPEI Weighted Price Index Turnover (NTS billion) 3.668.67 8.8 3.674.92 6.6 -6.25 2.2 SEOUL Composite Stock Index Turnover (billion won) 660.60 703.15 654
        56 words
      • Article
        NEW ZEALAND
        304 27 LEADING forestry stocks were the main feature yesterday with the NZSE--40 Capital Index closing down 11.67 points at 1.509.52. Fletcher Challenge ended down four cents at NZ52.27 and Carter Holt Harvey. which talked of the impact of lower bleached pulp prices at an extraordinary general meeting closed down
        304 words
      • Article
        BOMBAY
        76 27 STOCKS staged a modest recovery yesterday but the outlook remained bleak because of the fluid political situation in India following last week's riots that left 1,200 people dead. Brokers said political uncertainty was still dogging the country making it difficult for stock markets to recover lost ground. The Bombay
        76 words
      • Article
        MANILA
        548 27 SHARE prices inched higher yesterday following a rally by telephone stock PLDT in New York, aided by an interest in oils. But brokers said profit-taking pared overall market gains. Traders rode on the PLDT rally to take cash and shifted some of the funds to oil issues, they said.
        548 words
      • Article
        TAIPEI
        481 27 SHARES ended slightly lower in moderate trade as political uncertainty ahead of tomorrow's parliamentary elections deterred buying, brokers said. The Weighted Index closed 6.25 points lower at 3,668.67. Turnover was NTSB.B billion against Wednesday's NTS 6.6 billion. "People are very cautious, and the situation will remain the same today."
        481 words
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  • WORLD STOCK MARKETS
    • Wall Street buckles under sell programs
      • Article, Illustration
        NEW YORK
        1265 28 STOCKS extended their losing streak to a fifth session on Wednesday in heavy trading, as the market buckled under the combined weight of computer-guid-ed sell programs and continued sell-off of IBM shares. The Dow Jones Industrial Average, which slipped 7.84 points on Tuesday, plunged 29.18 points to 3,255.18.
        1,265 words
      • Article, Illustration
        LONDON
        733 28 SHARE prices rose slightly on Wednesday, boosted by hopes of an economic recovery as dealers ignored the indecisive opening on Wall Street. At the close, the FT-SE Index of 100 leading shares was up 14.9 points to 2,732.8 points, after earlier falling 4.8 points at the start of the
        733 words
      • Article
        FRANKFURT
        549 28 DREARY corporate news from carmakers Volkswagen and Daimler-Benz sent share prices sliding on Wednesday, but traders expect the market to level out ahead of the expiry of options today. The 30-share DAX Index closed 9.17 points lower at 1,472.07. It had dropped as far as 1,468.48 at one point
        549 words
      • Article
        AMSTERDAM
        257 28 SHARES closed another listless session weaker on Wednesday, due to a lack of investor interest and a lower US dollar. The EOE Index finished 1.10 points down at 277.99. "The big investors have closed their books, so we seem set to quietly drift down towards the year-end," said dealer
        257 words
      • Article
        PARIS
        189 28 THE BOURSE staged a mild rally in the final hour on Wednesday, in the wake of increases in the French banks' prime rates that initially drove stock prices down by more than one per cent. The CAC 40 Index ended the day at 1,736.69 points, off by 0.46 per
        189 words
      • Article
        MILAN
        299 28 SHARES ended the first day of the 1993 bourse year on Wednesday with only slight gains despite a strong performance by state companies expected to be privatised. Agreement late Tuesday between the Christian Democrats and other governing parties on how to proceed helped dispel some of the doubts over
        299 words
      • Article
        ZURICH
        266 28 SHARES closed almost one per cent higher on Wednesday. Dealer said buying set in at lower levels after early profit-taking faded. However, volume remained moderate. Dealers said window-dressing of year-end accounts by some brokers was behind some of Wednesday's buying. The broad SPI Index rose 8.2 points to a
        266 words
      • Article
        BRUSSELS
        154 28 SHARES closed 0.47 per cent up in moderate trade on the last day of the two-week trading account, but trade was marked by steep losses of steel maker Cockerill Sambre and shipping group CMB. The Bel-20 Index of leading shares closed 5.22 points up at 1.106.35. Some 910 million
        154 words
      • Article
        TORONTO
        275 28 STOCKS ended up sharply on Wednesday after a round of prime lending rate cuts, a jump in bullion prices and a positive report by the OECD fuelled a rally, despite a drop on Wall Street. The TSE's gold-silver index ended up 146.40 points at 5.293. led by American Barrick.
        275 words
      • Article
        Untitled
        76 28 1 INDICES TURNOVER NEW YORK Close l'rt»i<His IX\ 15 IX>» Jones S& P 500 Turnover (million) 3,255.18 3.284,36 431.52 432.57 244.04 227.77 -29 18 -1.05 f 16.27 LONDON rrsfc ioo FT-30 Turnover (million) 2.732.8 2.717.9 2.081.6 2.067.3 673.5 539.2 14.9 14.3 134.3 FRANKFURT DAX Index 1.472.07 1.481.24 -9.17 AMSTERDAM fcOfc
        76 words
      • Article
        Untitled
        345 28 Stockholm lfcc 16 Skr Asca ***** -4 00 Astra 701 00 -20.00 Alias Copco 308 00 1.00 Ericsson 170.00 -3.00 tsab 185.00 unch S-E-Bank.cn 11.50 .50 SKF 71.50 -100 Sandvtk 388.00 -3 00 Skandia 83.00 1.00 Volvo 325.00 -7 00 Source: S-E-Banken Vienna Dec 16 Asch \k*i Molding 1128 +53
        345 words
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  • CURRENCY, MONEY & FUTURES MARKET
    • Article
      Greenback closes little changed in Tokyo trading
      1135 29 REPORTS ASIA Tokyo: The dollar ended narrowly mixed in Tokyo yesterday, guided by short-covering buying of marks for yen in the afternoon, dealers said. "Dollar/yen has finally broken out of its triangle formation and so the immediate trend is for a weak dollar,"
      1,135 words
    • Article
      Lock icon Matif's trading volume jumps 50pc
      259 29 Knight Ridder PARIS Buoyed by extreme volatility in currency markets, trading volume on the Paris-based Matif futures exchange has climbed by 50 per cent this year, with 51 million contracts changing hands by the end of November. Matif President Gerard Pfauwadel said on Wednesday. Speaking
      Knight Ridder  -  259 words
    • Article
      Lock icon CFTC clears trading in new Euroyen contract
      205 29 Bloomberg WASHINGTON The US Commodity Futures Trading Commission on Wednesday cleared trading of threemonth Euroyen time deposit futures and options on the underlying futures contract on the Chicago Mercantile Exchange. The unit of trading for the new contract is the interest on a
      Bloomberg  -  205 words
    • Article
      FINANCIAL FUTURES
      1454 29 SIMEX EURODOLLAR Open High Low Sett Est Vol Act/Vol Op/lnt Mar 93 28 96.20 25 96.28 ***** ***** ***** Jun 93 95.84 95.84 95 81 95 84 8000 5236 ***** Sep 93 95.36 95.36 95.33 95.36 5500 3406 6046 Dec 93 94.73 94.74 94 69 94.74 3200 867
      1,454 words
    • Article
      INTERBANK FOREX RATES
      403 29 Cross rates Dec 17 USS ss MS Dm Yen SFr AS NZS uss 1.6380 2.5760 1.5560 123.30 0.6353 1.3980 1.4472 1.9231 s$ 0.6105 1.5726 0.9499 75.2747 0.3879 0.8535 0.8835 1.1740 MS 0.3882 0.64 0.6040 47.8649 0.2466 0.5427 0.5618 0.7465 Dm 0.6427 1.0527 1.6555 79.24 0.4083 0.8985 0.9301
      403 words
    • Article
      MONEY MARKET
      598 29 Interbank rates Bid Offer Overnight unav unav 1-month 1 13/16 I 15/16 2-month 1 |/|6 2 3/16 3-month 2 3/16 2 5/16 Overnight mode: 1 1/4 LS$ Bid Offer 7 days 3 1/16 3 3/16 1 month 3 5/8 3 3/4 2 months 3 1/2 3 5/8 3
      598 words
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  • COMMODITIES
    • Article
      Lock icon S Korea expected to cut raw sugar imports next year
      353 30 Knight Ridder TOKYO Depressed premiums for white sugar are likely to result in lower South Korean raw imports in 1993. one more bearish faetor in an ample Asian supply outlook, sources said. South Korean white sugar exports may reach only
      Knight Ridder  -  353 words
    • Article
      Lock icon European nickel producers in bid to tackle Russian exports
      279 30 Knight Ridder LONDON European nickel producers are compiling a file on Russian exports in an effort to raise awareness in political and banking circles of the problems created by cheap shipments from that country. The file, when completed, will be sent
      Knight Ridder  -  279 words
    • Article
      Heavy selling pushes KL tin down four sen
      751 30 REPORTS THE price of tin on the Kuala Lumpur Tin Market continued its downtrend and finished four sen lower to MS 14.26 per kg yesterday, dealers said. "Heavy selling prompted price to go down despite a USS2O higher close on the London
      751 words
    • Article
      PRICES
      1689 30 Rubber RAS Commodity Exchange (futures dosing as at lpm) RSS 1 Contract (S cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest Jan 93 147.00 147.00 146.50 325 1.650 Feb 148.00 146.50 146.75 1.225 4.375 Mar 147.50 147.50 146.75 100 5.325 Apr/Jun 148.50 148.50 147.25 1.350 21.525 Jul/Sep
      1,689 words
  • Page 30 Advertisements
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      Page 30 Advertisements Column 1
      1349 30 SINESS TIMES 101 l free Tel No 737 0043 -Fax No: 734 3698 INTHE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF ARROW INTERNATIONAL SUPPLY (PRIVATE) LIMITED (In Members' Voluntary liquidation) NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the members of the abovenamed Company
      1,349 words
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  • THE TRAVEL PAGE
    • Article
      AIRCRAFT ARRIVALS AND DEPARTURES
      1282 31 City Flight ETA Fl.ght ETD Abu Dhatx GA890 2330 Adelaide 0f8l 1935 (JF82 2050 SQ227 2230 Amsterdam KL83.' 1515 KL838 0040 SQ323 1815 SQ320 1100 GA890 2330 Athens SQ348 2300 Auckland NZ35 1425 BA11 1340 SQ288 2045 SQ285 2115 BA12 2200 NZ36 2235 Bandar Sen BI421
      1,282 words
    • Article, Illustration
      Fear on the Nile
      675 31  -  LETTER FROM CAIRO By Chris Hedges THE tourist industry, a bulwark of the Egyptian economy. is in danger of collapse after a series of attacks by Islamic militants against foreign tourists, including one in November that killed a Briton. The decline is being compared to that
      675 words
  • Article
    FOREIGN CURRENCY NOTE RATES
    157 31 As at 10am yesterday: I>ocal dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.1276 1.1430 Canadian dollar 1.2693 1.2950 NZ dollar 0.8423 0.8600 Sterling pound 2.5667 2.6030 US dollar 1.6350 1.6420 Local dollars to 100 units of foreign currenc) Austrian schilling 14.83
    157 words
  • Article
    WORLD TRADE EXHIBITIONS
    67 31 Duration Title Venue Organiser Tel Jan 20-23 British Education Barbican EMAP Intl 071-*****47 Training Centre. Exhibitions Ltd. Technology London London Jan 19-24 International Cologne. Messe-und (49)221/ Furniture Fair (iermany Ausstellungv *****74 Ges m.b.h. Koln Jan 25-27 Fishing Exhibition Trenton 081-680 0587 Duration Title Venue Organiser Tel Centre.
    67 words
  • Page 31 Advertisements
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      Page 31 Advertisements Column 1
      44 31 Finnair Business Class Speed, Comfort and Space Fly Finnair's new wide bodied MD-11 to Europe and find out why long hauls are a thing of the past. Call your travel agent or 733 3377 for more details. know the world from start to Finnish.
      44 words
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      Page 31 Advertisements Column 2
      25 31 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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      Page 31 Advertisements Column 3
      325 31 BUSINES_S_TIt^ES Toll free Tel No 737 0043 Fax No: 734 3698 AngEngJooHoktogePleLtd (Incorporated in the Republic ot Singapore) NOTICE IS HEREBY GIVEN pursuant to Section 296 of the Companies Act, Cap 50 that a Meeting of the Creditors of the above named Company will be hold at 151 Yio Chu
      325 words
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      Page 31 Advertisements Column 4
      317 31 Pes# Ris Beech Hotel Pie Ltd (Incorporated in the Republic of Singapore) NOTICE IS HEREBY GIVEN pursuant to Section 296 of the Companies Act. Cap 50 that a Meeting of the Creditors of the above named Company will be held at 151 Yio Chu Kang Rd, Singapore 1954 on 29
      317 words
    • Advertisement
      Page 31 Advertisements Column 5
      316 31 Ideal Muitifeed Pte Ltd (Incorporated in the Republic of Singapore) NOTICE IS HEREBY GIVEN pursuant to Section 296 of the Companies Act. Cap 50 that a Meeting of the Creditors of the above named Company will be held at 151 Yio Chu Kang Rd, Singapore 1954 on 29 December 1992
      316 words
    • Advertisement
      Page 31 Advertisements Column 6
      317 31 Kong Seng Realty Pte Ltd (Incorporated in the Republic of Singapore) NOTICE IS HEREBY GIVEN pursuant to Section 296 of the Companies Act. Cap 50 that a Meeting of the Creditor* of the abo vena mod Company will be held at 151 Yio Chu Kang Rd, Singapore 1954 on 29
      317 words
  • Page 31 Miscellaneous
    • Miscellaneous
      Page 31 Miscellaneous Column 1
      284 31 1 A foreigner is done in an awful discovery (10) JU JBL.. 6 Drive, given advance no- To f 10 Class a high-minded indi- H vidual held in church (5) 11 Record it's causing complaint Clears for JH. first time (8) is I h8 I 13 Currency that's a little
      284 words
    • Miscellaneous
      Page 31 Miscellaneous Column 2
      157 31 Singapore Outlook: Intermittent rain. Report: Maximum temperature 25.2 Assoc humidity 96% Minimum temperature 23.1 Assoc humidity 100% Hours of sunshine 0.00 Rainfall in mm 60.4 Rainfall this month 345.4 Rainy days this month 12 World report Asia-Pacific Hi/lo* Cond. Auckland 22/15 Cloudy Bangkok 31/23 Clear Beijing 06/-5 Clear Brunei 31/24
      157 words
    • Miscellaneous
      Page 31 Miscellaneous Column 3
      27 31 (ONL>/ \T COUNTS PKS ovefcTTme. GOiMG r O "TWe. FIRNYS CHR»\STmPiS N pF\t4ce NE.*T we.ex"? y z= T] -L li-J&L- -Ifpf ASSOCIATED NEWSPAPERS LTD 1962-1992 C\_ {V
      27 words
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  • Article, Illustration
    Lock icon French resistance making Gatt talks grim: US
    486 32 France dismisses EC commitments on agriculture AFP GENEVA The state of the latest round of Gatt trade negotiations here has become "exceedingly grim'' in the face of French resistance, a senior US official said yesterday. The official said France's dismissal of European Commission
    AFP  -  486 words
  • Article
    Lock icon US hails China's US$800m purchase of Boeing jets
    146 32 Bloomberg BEIJING US Commerce Secretary Barbara Franklin yesterday hailed China's USSBOO million (551.31 billion) purchase of six Boeing 777 passenger airplanes as a sign that China is sincere in opening its markets to US goods. Ms Franklin made the comments in a
    Bloomberg  -  146 words
  • Article
    Lock icon Severe monetary policy next year: Bundesbank
    364 32 AFF FRANKFURT The German central Bundesbank will have to maintain "severe" monetary policy next year because the forecast inflation rate is too high, the bank said in a year-end message yesterday. The statement was seen as likely to kill fading hopes elsewhere in Europe
    AFF  -  364 words
  • Article
    Lock icon Japan to set growth rate estimate lower at 3.3pc
    464 32 Agencies TOKYO With the Japanese economy still mired in an unusual slump, the Japanese government has decided to set a real economic growth rate estimate for the next fiscal year at 3.3 per cent, according to officials involved in the process
    Agencies  -  464 words
  • Article
    Lock icon LDP gives recommendations for tax reforms, say reports
    389 32 Bloomberg Reuter TOKYO The ruling Liberal Democratic Party's Tax System Research Council outlined its recommendations for tax reform for the next fiscal year on Wednesday, major newspapers reported yesterday. A final announcement of the LDP's tax proposals for 1993-94 (April-March) were expected
    Bloomberg; Reuter  -  389 words
  • Article, Illustration
    The US must move boldly once again
    851 32  -  The Bottom Line ROBERT KUTTNER ROBERT KUTTNER The writer is co-editor oj The American Prospect and author oj The End of Laissez-Faire. I T'S TIME to change that famous sign on the wall of Clinton headquarters to read: "The international economy, stupid." While
    851 words
  • Article
    Lock icon BJP blames Indian govt for turmoil
    150 32 Reuter NEW DELHI India's Bharatiya Janata Party (BJP) yesterday denied responsibility for plunging the country into turmoil and demanded the government quit for mismanaging a crisis started by the destruction of a mosque. The Hindu nationalist BJP, bringing a motion of no-confidcncc against the
    Reuter  -  150 words
  • Page 32 Advertisements
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      Page 32 Advertisements Column 1
      67 32 m SaWdafSS Business times i\' 1 lyll Set Menus from $48 A-La-Carte Karaoke Dining Rooms Monday-Saturday 11 00am-3 00pm 6 30pm-11 30pm Sundays Public Holidays from 10 00am m MAPLE QARDEN SEAFOOD RESTAURANT A New Dimension lo Chinese Cuisine Owned Managed by Exquisite Cuisine Pte Ltd Level 2 Amara Hotel.
      67 words
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      Page 32 Advertisements Column 2
      77 32 IW wtowsRSNT Every Saturday in I Business Times Now Zip gives you instant boiling water *--l Jfi every minute of the JUST TURN ON THE TAP. ZIP OUTDATES URNS. KETTLES. COFFEE BARS AND JUGS. MODELS TO SUIT EVERY KITCHEN, OFFICE. FACTORY HOSPITAL AND SCHOOL. ZIP IS FULLY AUTOMATIC AND STEAMFREE.
      77 words
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  • Shipping Times
    • Article, Illustration
      Trans-Link wins award for sea freight activities
      372 33  -  By Juliette Walker SINGAPORE Homegrown Trans-Link Express has earned the ISO 9002 quality management certification for its international sea freight forwarding and logistics services. Lloyd's Register Quality Assurance, an accredited third-party certification body, awarded Trans-Link the certification on Monday for the company's sea
      372 words
    • Article
      Lock icon Spanish fishing industry loses $72m
      218 33 The Aegean Sea oil spill Reuter LA CORUNA, Spain Oil spilt from a Greek tanker which ran aground off the north-western coast of Spain two weeks ago has cost the local fishing industry five billion pesetas (about Ss72 million), a government official said on Wednesday.
      Reuter  -  218 words
    • Article
      Lock icon IMB condemns pirate attack off Indonesia
      227 33 Reuter LONDON A leading marine crime investigator strongly condemned a piracy attack in which a British master and his Philippine first mate were shot dead on Monday in the Sunda Straits, 320 kilometres north of the Indonesian capital of Jakarta. "This is a terrible
      Reuter  -  227 words
    • Article
      Lock icon Japanese plutonium ship sails into Tasman Sea
      206 33 Reuter WELLINGTON A ship carrying 1.7 tonnes of plutonium to Japan from France has entered the Tasman Sea. Radio New Zealand reported yesterday. The radio said New Zealand Prime Minister Jim Bolger was greeted by cries of "shame" from the opposition when he
      Reuter  -  206 words
    • Article
      Lock icon Saudi National Shipping Co plans expansion
      404 33 AFP ABU DHABI A major Saudi shipping company plans to start transporting crude oil, ship more petrochemicals and buy new tankers in long-term expansion plans. The Saudi National Shipping Company (SNSC). one of the world's biggest maritime firms, said on Wednesday it had approved
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    • LOG BOOK
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        Nuclear-powered ships safe, says New Zealand
        107 34 WELLINGTON New Zealand moved a step eloser to healing a security rift with the US when a report said yesterday that nuclear-powered ships did not pose a threat and should be allowed to visit the country. The report, by a committee set up by
        107 words
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        Samsung wins German order
        86 34 SEOUL South Korea's Samsung Heavy Industries Co Ltd (SHI), a shipbuilding and heavy equipment producing unit of the Samsung Group, said it had won a US$5O-million (SsBo- order from Germany to build a container ship. A company spokesman said SHI signed a contract to construct a
        86 words
      • Article
        Cypriot carrier afloat at Suez
        53 34 LONDON The Cypriot-flagged Hellinicos, carrying sugar, was surveyed afloat at Suez outer anchorage after alleged fire damage to the engine-room and subsequent flooding on Nov 27, Lloyd's Shipping Intelligence said on Wednesday. The 14,854-dwt Hellinicos was surveyed on Dec 12-14 and a repair specification is
        53 words
      • Article
        Cypriot bulk carrier under tow
        42 34 PIRAEUS, Greece The Cypriot-flagged bulk carrier Roubini was under tow towards Piraeus in adverse weather conditions, Lloyd's Shipping Intelligence Service said on Wednesday* The 18,494-dwt vessel was immobilised ofT Antikythira island by engine failure on Dec 15.
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        Suez Canal revenue hits US$2b
        70 34 CAIRO, Egypt The Suez Canal's revenue for 1992 reached US$2 billion), the waterway's chairman Mohammed Fzzat Adel said on Wednesday. This makes the waterway, which links the Mediterranean and Red seas, Egypt's sec6nd largest foreign currency earner after tourism. Mr Adel said that this year's
        70 words
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        Japan's grants for Nepal
        137 34 KATHMANDU Japan on Wednesday provided a total of US$7.O5 million (S$ 11.28 million) in two grants for transport and other projects in Nepal. State radio quoted an official finance ministry' statement on Wednesday as saying notes on the two grants were signed at the ministry by
        137 words
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      Lock icon The mainstay of stability
      1248 34 The effective management of capacity in liner transport will do much to help maintain good service at a reasonable price International Transport Journal Not only on the North Atlantic but all over the world, experience has shown that the main danger to stability is the bringing
      International Transport Journal  -  1,248 words
    • Article
      VERITAS BUNKER QUALITY REPORT
      525 34 Carbon Dec 11 Density Water Rendue Ash Akirnm Sedmnt M/M Exxon KG M*3 1 V/V M M M M PPM method BO/Cimac Limb Spec E25 991 10 m 30* 010* Spec G35 991 10 jj] 015 30* 010* Northern Eirope 180 Ave 983 02 129 005
      525 words
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      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      1165 34 Page Col ABC Containcrlinc 12 I Accord Group 8 1-3 Ahrenkiel l iner 16 4 Allied-Link 16 4/5 Alpha Feeders 6 I ANL 3 1/2 APL 5 3-5 Asian Break-Bulk ..16 5 ASC'L 5 5 ASXCL Shpg 15 2 Austorient Shpg 16 1
      1,165 words
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      THE SHIPPING GUIDE
      12199 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 PN: ship calls at Penang after
      12,199 words
    • SHIPS IN PORT
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        AT CONVENTIONAL WHARVES
        721 49 Vessel Voy No Berth Arrival Departure Vessel Voy No Berth Arrival Departite Jurong Port Longmen 1143 P05 alongside 1912 0600 Angelina I C N 019? J9 10 17 12 0130 19 12 1100 Mao Aiab*.a 022 P10 alongyde 1712, lbOO ASl 17,B 3 J2 1712/2230 1912 0/00
        721 words
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        MALAYSIAN PORTS
        142 49 Petiang Port On the way: SaromKos, Concord Gassan, Hong QHB9, Helen N, Hang Jun 409. World Empire. Kasturi, Nagoya 1. Ikrari Maru 3002, Bg. Soon Hock. Saronikas, Emerald. Sea Queen, May Lily, Bunga Kiambang. Umitaka Maru, Thong Nhattk 154. Palm Sea Horse. Yang Cheng Hu, Petro Stella, Dos
        142 words
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        CONTAINER SCHEDULES
        1539 49 DELIVERY OF FCL IMPORT CONTAINERS IN PROGRESS Ship Voy No Containers avaiable Ship Voy Wo Containers wjhMe Dasa Sepuluh 906 *****2 1305 Saigon Fort 536N COO(EST) 17 12.92 1500 SI Express 184E 16.1292 1320 Ned Colombo 8362F COO(EST) 17.1292 1500 Merkur Delta 952 1612.92 1340 Takari I 1-098
        1,539 words
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      DAILY FREIGHTS
      504 50 FREIGHT rates for panamaxes were generally stronger on Wednesday as the busy market moved into January loading dates, brokers said. But they expeeted business to slow soon, ahead of the holidays. At least half a dozen panamax time-charter fixes in the Pacific were reported and a firm grain
      504 words
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      Lock icon WEEKLY FREIGHTS
      337 50 AFP STRONG demand for grain and a shortage of shipping in the build-up to the Christmas holiday period gave a push to the freight shipping market over the past week. The Baltic Freight Index (BFI) gained 22 points from the week before, closing at 1,359 points, its highest
      AFP  -  337 words
    • Article
      TRANSPORT DIARY
      887 50 COURSES Shipping courses organised by Singapore National Shipping Association. 1993 Feb 3 Apr 7 (10 evenings): Effective Written Communication in Shipping Management (SDF 50%). Feb 11 May 20 13 evenings): Principles of Shipping Documentations Practices (SDF 70%). Feb 26: 1-day Familiarisation Course on Singapore Bunkering Procedure (case by
      887 words
    • Article
      Lock icon MAS to expand fleet, cut fares to Europe
      342 52 UPI KUALA LUMPUR Malaysia Airlines is embarking on a major aircraft expansion and replacement and will also cut fares to Europe to make up for recent shortfalls in the number of passengers, a senior official said on Wednesday. Managing director Kamaruddin Ahmad
      UPI  -  342 words
    • Article
      Lock icon Gloomy prospects for rest of decade for US aerospace industry
      453 52 AP WASHINGTON The aerospace industry issued a gloomy year-end report on Wednesday, including a loss of 117,000 jobs in 1992, and said things aren't expected to get much better the rest of the decade. "Almost every statistical category is down
      AP  -  453 words
    • Article, Illustration
      GM's fire-and-ice show
      48 52 MONTREAL General Motors employees, wearing ice skates and hockey jerseys, unveiling the new 1993 Pontiac Firebird as Tom Mason. CiM Canada marketing vice-president, looked on on Wednesday. The Firebird and the Chevrolet Camaro are now being assembled at the St Therese plant north of Montreal.
      48 words
    • Article
      Lock icon Peru sells 70pc of state airline in controversial auction
      364 52 Knight-Ridder LIMA Peru on Wednesday sold at public auction 70 per cent of the state-owned airline, Transportes Aereos del Peru SA (Acroperu), as part of its sweeping privatisation programme. The Peru-based companies Naviera Santa SA. a shipping company.and Compania de Aviacion
      Knight-Ridder  -  364 words
    • Article
      Lock icon France approves BA's stake in TAT
      173 52 AP PARIS France has given British Airways (BA) the green light for a 49.9 per cent participation in the regional French carrier TAT Furopean Airways, the British concern said on Wednesday. The accord was approved on Tuesday by the Transport Ministry and the General
      AP  -  173 words
    • Article
      Lock icon Strike-plagued Indian Airlines seeks to hire French pilots
      300 52 UPI NEW DELHI After leasing Russian-piloted jetliners. Indian Airlines, the country's strike-hit main domestic carrier. is seeking to temporarily hire French pilots to operate its modern Airbus fleet, airline officials said on Wednesday. Domestic flights in India have been disrupted for a
      UPI  -  300 words
    • Article
      Lock icon Left-wing Manila drivers protest power rate rise
      383 52 AP MANILA Drivers belonging to a left-wing transport federation yesterday began a one-day strike to protest a pending electricity rate increase and plans to phase out passenger jeeps from Manila's streets. The strike began at midnight on Wednesday but by 12 noon yesterday,
      AP  -  383 words
    • Article
      Lock icon Aviation body to discuss KAL crash
      204 52 AFP MONTREAL The International Civil Aviation Organisation (ICAO) council is to meet today to discuss reopening an inquiry into the Soviet downing of a Korean Air Lines passenger plane in 1983 in which 269 people died, officials said on Wednesday. The request for a
      AFP  -  204 words
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      136 33 Capacity management in liner transport, Page 2 MAS to expand fleet, cut fares to Europe, Back Page FIRST FREIGHT FORWARDER IN ASIA AWARDED ISO 9002 jl by LRQA (Lloyd's Register Quality Assurance 18 hDecerr >t>erig 92 j jj M I To Our Vm c j h Custon >er S: SSSISS
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      18 33 the FAMOUS opn r Q are maote ■iMIIIJI* 224 1833 For more information please refer to Pg. 13
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      162 34 Lines and services represented by Members of the Registry of Accredited /|JS9|A\ Shipping Agents. Singapore National Ship>ssy For advertixing enquiries, contact Shipping Times: Tel 740-2089/740-2090. UP. LIVING IT *3 EiACH WEEKEND, put up your executive feet, and let us shuffle through your imagination. We usually tread lightly, but even when
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      2732 35 OOCL (8) PTE LTD JARDINE SHIPPING AGENCIES *HV#» TEL: *****11 FAX *****09 Alllff BOOKINGS TEL *****34 *****58/ *****40 ■illlM CFS (PSA F5) TEL *****21/ *****79 PBAAAATI PESAK A JARDINE SHIPPING AGENCIES SDN. BHD. %HSw A m PORT KELANG TEL *****18 FAX *****91 *****88 77 r»..lilTT C PENANG TEL *****4 FAX:
      2,732 words
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      3243 35 Find out how sellers are reaching out to buyers in Advertising and Marketing. Every Thursday in BT IS UASC/1 ARAB SHIPPING CO.fSAG)IIM To US Ess) Coat rlwt a mt k m m BA JUXUi (1/ U/U 21 (1 21/11 24 II 21,11 MSN) 7 4/11 7 82 1/(2 10 (2
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      1579 36 AOABA R'DAM' LE MMMM VOY NO S PORE JEDDAH (via JEDI S TON H BURO ANT HAVRE ■L||*||J LUDWIGSHAF EN EXPRESS 05/350 19/12 29/12 4/1 6/1 9/1 11/1 13/1 l Jil MSIBOUHD MONTE ROSA 22/151 24/12 9/1 12/1 10/1 FORT KELAM ft POMNB DRESDEN EXPRESS 08/351 26/12 5/1 11/1 13/1
      1,579 words
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      614 36 JQ33BH FCL Breakbulk Service to: AFGHANISTAN M&M Afghanistan Ltd., Sole Foreign Forwarder in Kabul for all services C.1.5.-Vostochny, Vladivostok, Moscow, Tashkent, Kiew, Minsk, Riga, Baku North Korea Vietnam Mongolia Hungary CSFR Poland ocwans AGENCIES (FAR EAST) LTD NOUAKCHOTT-BANJUL-BISSAU-LUANDA-BAT A Feeder Vessel ITA SIN VILLE DE CANOPUS 24/12 VILLE DE PROVENCE
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      1633 36 REGULAR INDEPENDENT FULL CONTAINER SERVICE VSL/VOY SIN ALG BCL* HAM BRE# ROT ANT# FEL LHA NORASIA SUSAN 9242 3 25/12 14/01 15/01 19/01 20/01 20/01 21/01 22/01 23/01 BUTE OLDENOOKF 2431* 30/12 21/01 23/01 25/01 26/01 27/01 28/01 29/01 30/01 NORASIA SMGA 9244 3 04/01 26/01 28/01 31/01 02/02 01/02
      1,633 words
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      2037 37 S STRAITS SHIPPING PTE LTD 10 Hoe Chiang Road #11-01 Keppel Towers Singapore 0208 Tel: *****88 Fax: *****17 ACCEPTS CARGO DUE SIUIS SIRAIIS VENIURE V 321 Mun, IS 19 0«c 19 D«c 20 Dec HlMllllllltlilKiiHlMßAAllilMblHilHll RAJAH BROOKE V24C Muara. Lab, KK 18 19 Dec 22 Dec 23 Dec ciwripnot ciuiNnuKuii
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      3041 37 SINGAPORE AGENT: IMt/I f 1 /x<*p P&O Containers (Singapore Agencies) Pte Ltd V X I\\. il|lliCllllVl d 10 Hoe Chiang Road #07-01 KEPPEL TOWERS. SINGAPORE 0208 Tel 225 2233 Telex RS ***** PNOCSP Fax 225 5327/222 7517 r CR Number **********0Z EXPORT IMPORT VESSEL VOV 'PNG *PKO SM ALG SOU
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      730 38 r—l DJAKARTA I LLOYD INDONESIA NATIONAL UNE TO EUROPE fXPRFSH Sg W -CONTAIN ERSHIP SERVICE <01 swut I nom mm HH«t memew »mm«p MAIMW 33W8~ 16 19/12 I 18/1 23,1 28/1 1/2 TO AUSTRAUA M FUU^gggTOMNER EAST COAST PORTS VSI VOt PKL SPORE SYD |WIB BUB MIS MOO ASIA, *****
      730 words
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      1498 38 HANJIN SHIPPING EM VSI sm I IME HAW S£A VCR fOR VSI SIN W* HAW. SAV KM NYC HANIIN KUNSAN QB2£ 21 12 H TONGHAL 0971 14/1 15/1 HANMN KUNSAN 0821 21 12 M ASIA 0071 21/1 M/l 31/1 SAWBM3OIN 28 12 KKnWtNE 21/122/1 FISHGUARD BAY 301N 28 12 H
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      1307 38 J _J „T pJTTjHTT^ I-...-- ml OS* NET SM/ TTO UU M Ml NYC LH» MM (DM W ICC PSD CM P*l I KMKTttOM 22/12 20/12 24/1210/12 4/1 5/1 7/1 9/1 10/1 11/1 22/1 J/2 5/2 «/2 14/2 17/2 U/2 15/2 20/2 2/3 12/2 U/l 17/1 ainiT K«U 30/12 )1/12
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      1901 39 Irr™ "HI YEAR-END LOADER I II SCX: NEPTUNE CRYSTAL 10E' II ETA SGP 31/12/92 ■I ETD SGP 31/12/92 ARRIVING LGS ANGELES 17/01/93 IN 17 DAYS M NORTH WEST I StNGAPOR^AUFORNU^XPRES^SCX^^^^^\ TO PNW USA INLAND POINTS I TOCAIIFOHm*-USCULF-MLiMOPOam. ATIMTKmiHJ U VSL VOY S..C MOTHIR VSL VOY HIT KB Ml*, VHWM. VOY
      1,901 words
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      Page 39 Advertisements Column 2
      1150 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 EASTBOUWD DtSCHARGjWG WESTBOUND—LOADING TgAjgHTfjD Vl*
      1,150 words
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      1688 40 "V" AS AGENTS: KAWASAKI SINGAPORE (PTE) LTD < CH 0: **********0 M) v warn TEL: *****77 TELEX: KAWAKI R*****5 FAX: *****07/8/9 lJ MALAYSIA: "K" LINE MARITIME (MALAYSIA) SON BHD J 1 W*J TEL: SA *****00 PK *****75 PEN *****0 JB *****1 PGU *****5/6 ™T a a Tcua iTn INDONESIA: P.T.
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      774 40 PHIU-OttKNT LIN€S PTC LTP 1 08 Robinson Road #07-00 GMG Building Singapore 0106 Tel: *****22/*****69/*****00 Telex: RS ***** Fax: *****76/*****38 BY AIR, LAND OR SEA.... WE TAKE ON THE WORLD FOR YOU Wg3 MEMBER OF SINGAPORE FREIGHT FORWARDERS ASSOCIATION VB>r 18 DEC SYDNEY. MELBOURNE. BRISBANE. FREMANTLE 27 DEC AUCKLAND. WELLINGTON.
      774 words
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      352 40 f goldenuneX %CCt oNs WAN GUAN SHIPPING yS>X\ (PTE) LTD V M S(rt*l SMGAPOK 0104 TU 5343W (10 IMS) Fu: *****04 «X Mi 1012KMOOM) 6TRAIT9/PEKOLAN OPLF iUTICT S pore P Mang Penang ItAOl SMCt Karachi Dub* Damnum 24/2 C Dec SOLDO! HMWST Karachi Onto (/I lan eaOO KM Karachi M»
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      917 41 (PACIFIC INTERNATIONAL LINES (PTE) LTD J I *****23?140 Cecil Street. #03-00 PIL Building, Singapore 0106. I I CR NO *****6/OOOOC J Mimmmmrnrnrnm lltljiCi ill i ■vraTTTv UMHBftBHi Kliyiiililiß VESSEL VOY SIN BKK SIN VESSEL VOiv SIN JKT SIN SINO MAR IMF 01M I«yn *9/19 */11 KOTA ,NDAH 511 20/12 23/12
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      1609 41 EXPRESS CONTAINER SERVICE TO UK-NORTH CONTINENT-SCANDINAVIA WEEKLY p P GUOANG PENANG P KELANG OCEAN VSL/VOY SIN SOUP) RTM (2) HAM (3) GOT (4) B 18/12 18/12 19/12 BENAVON 2502 22/12 8M 10/1 11/1 13/1 25/12 25/12 26/12 JUTIANOIA 2512 29/12 15/1 17/1 18/1 20/1 Q T7i iTi Tr\ SELANDIA 2522
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      298 41 BSA TRANSPORTATION W* MYANMA l|Hk FIVE STAR LINE (Myanmar National Line) Loading for Yangon (Rangoon) S pore P Klg Pen P Gdc HP* AN VI»4W In Port PAGAN VI9IW 4 6 lan HPA AN WlBbM 9 11 lan NIGERIAN NATIONAL SHIPPING LINE NIGERIA EXPRESS SERVICE l\ RIVER MAJE RIVER NGADA
      298 words
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      2802 44 Full Container Liner Services mju,m- s ai«.is: lnd li s o |,n cw„ PT. Global Putra Indonesia Maritime General Agents: Booking Agents: Cyan Cuan Shipping Sdn Bhd Chung Chiao Shipping son Jl IR hi lllyj 4 Costar Shipping Pic Ltd Shipping Freight Becking O/rtre Sdn Bhd 58 Persiaran Ra>j Muda
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      261 44 SAMUOBU MOONESU (S) PTI LTD 15 McCALLUM STREET #03-01/02 NATWEST CENTRE Singapore 0106 Tatax: R*****0 Tafc *****81-3 Fax: 225 4938. *****36 FOR BOOKXOS CALL DIRECT UME TEL: 9999*41/*****13 SM/JAK SERVICE VESSEL VOY SIN JAK 1059 19/12 (SAT) 22/12 (TUE) 915 19/12 (SAT) 22/12 (TUE) 920 19/12 (SAT) 22/12 (TUE) DASA
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      640 45 (fc FAMOUS CONTAINER LINES 10 ANSON RD. #15-21 INTERNATIONAL PLAZA, S'PORE 0207 HOT LINE: *****33 (24 LINES) LIMASSOL/PIREAUS 20/12 ROTTERDAM 20/12 HAIFA/ASHDOO/ALEXANDRIA 20/12 HAMBURG/BREMEN 20/12 MARSEILLE/FRANCE 20/12 FELIXSTOWE/UK 20/12 BARCELONA/SPAIN 20/12 LEHAVRE/ANTWERP 20/12 GENOA/ITALY 20/12 GOTHENBURG/SCANDINAVIA 20/12 LOS ANGELES/ WC IPI 20/12 SYDNEY/MELBOURNE 19/12 NEW YORK/EC 20/12 FREMANTLE/ADELAIDE 20/12 VANCOUVER
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      706 45 CT3 RICHFIELD MARINE AGENCIES (S) PTE LTD TEL: *****33 (12 Lines) FAX: *****15/*****03 |-H TELEX: RS ***** RISHIP (3 Line*) ETHIOPIAN SHIPPING LINES (National Lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL VESSEL Ivov ETA loawng for SPORE ABBAr WONZ 34W8 lo Pi DAR6SSALAAM MOMBASA DJIBOUTI ASSAB MASSAWA NETSANET 27W8 15/01
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      483 45 BANGKOK .1 m- m «t \mn f Kin BUM 09S MPT 22/12 KANT* BHUM 120N Sal 19/12 W«d 23/1? KHJA BUM 57S 19/12 23/12 WRA BHUM ?6N Sun 20/1? Thu 24/12 NANA BHM W2S 23/12 26/12 PIYA BHUM ?64N Mon 21/12 Tlm 24/12 mn bmm iw 25/1? 29/12 g hounisev
      483 words
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      387 45 I IKER-UHE VSL VOY SMQAPORE MADRAS SMGAPORE KSSU m IMA SSI TKE* BRCGJ ***** 21-22/12 27-25/12 13-04/01 Ttt* STM 46N 2J-24/12 25-10/12 04-05/01 TKE* SPEED 23CH 20-25/12 03-05/01 10-11/01 TBE* ««OW 47N 30-31/12 05-00/12 11-12/01 VSL VOY SMGAPORE/CALCUTT A/SMQAPORE VESSEL VOT SSI CM SN «UK ORELZE 552 10-15/12 25-25/12 04-05/01
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      1599 46 PHNlmac-nels groupage I (VVX jPENANG: (04) *****6 SIBU: (084) *****9 KUCHING: (082) *****3 v w P.KELANG: (03) *****77 JAKARTA: (21) *****32 SURABAYA: (31) *****0 HKG/TWN/BKK I GOTH/U.K/MED PORTS PEN PKL SIN PEN PK SIN 19/12 20/12 21/12 Hong Kong ldn/Fl*/Rdm/Ant/LHV 24/12 25/12 26/12 24/12 25/12 26/12 Hong Kong Gburg/Chagen/Shokn/Oslo 20/12
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      256 46 w BLUE STAR LINE SINGAPORE TO AND FROM NEW ZEALAND AND PACIFIC ISLANDS SIN AKL LVT SIN MUST STAR S4S 25/12 6/1 8/1 25/1 PROSPECT 22S 6/1 11/1 20/1 6/2 NZ STAR 5S 19/1 31/1 2/2 19/2 FULLY CONTAINERISED SAILINGS DISCHARGING AT AUCKLAND, LYTTELTON, ACCEPTING FCL LCL FOR NEW PLYMOUTH,
      256 words
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      1075 46 f THONG SOON LINK PTE. LTD. 77 ROBINSON ROAD #15-00, #16-00 SIA BUILDING SINGAPORE 0106 TEL: *****88 FAX NO: *****11, *****22 TLX: RS ***** CARRIER, RS ***** JENHOL CABLE: TOSOCO SINGAPORE TO SARAWAK SINGAPORE TO WEST MALAYSIA VESSEL Ivor I S PORE [PEST VESSEL VOY SPORE P. KELANC EQUATOR JADE
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      816 47 COMPANIA PERUANA W& DE VAPORES "PERUVIAN STATE LINE" ACCEPTING BREAKBULK/FCL/SOC CARGOES TO/FROM CALLAO, MATARANI, ILO* OTHER PERUVIAN PORTS' WITH T/S AT KOBE ON CPV THROUGH BILL OF LADING WgV'EVERETT ORIENT LINE" JAPAN/BAY OF BENGAL/JAPAN SERVICE ACCEPTING BREAKBULK/SOC CARGOES TO/FROM KOBE, YOKOHAMA. NAGOYA, MOJI, TOKYO*. MANILA* DAVAO*. Penjn|* P Kelanj S*i(apore
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      687 47 \CZ3 Z|M Fjy-TI Co6tBlMf lonrlo N.AMERICA/CARRIBEAN SERVICES WSSEI [DOT SI I MAMMA [VOT LAI AST SA» WC HI m snv(« i?* ;ii7 m iapan xi 4/2 t/i 10 12/2 A VESSEL 71 12 M IAfAR 1% 1 4/2 I 2 1( 2 12/2 NEIAKMIA 4 1 m PUSAN 18 4/2
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      Page 47 Advertisements Column 3
      678 47 REGULAR LINER SERVICE FIXED DAY SCHEDULE NAJD LINER SERVICE PORT KLANO/ JAKARTA/ SINGAPORE/ PORT KLANG vor ETD PKG ETA MI ETA SM M V lEONA 92/1 1/12 5/12 1/12 M/V LEOWA 92/2 9/12 13/12 IS/12 M V lEONA 92/3 17/12 21/12 24/12 M/V lEONA 92/4 25/12 29/12 1/1 M/V lEONA
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      466 47 FORTNIGHTLY DIRECT CONTAINER SERVICE SIN TO DURBAN ALSO CALLING PT. ELIZABETH/JOHANNESBURG TWICE WEEKLY CONTAINER SERVICE SIN/MADRAS/SIN ALSO ACCEPTING CONTAINERS TO TUTICORIN/ BANGALORE/COCHIN AND NEW DELHI WEEKLY CONTAINER SERVICE SIN/CALCUTTA/SIN WITH TRANSHIPMENT TO: ASEAN/AUSTRAUA/FAR EAST/MEDITERRANEAN/EUROPE WEEKLY CONVENTIONAL SERVICE SIN TO CHINA WEEKLY CONVENTIONAL SERVICE MADRAS/COLOMBO/ BOMBAY/KARACHI WEEKLY CONVENTIONAL SERVICE EAST AFRICA/RED
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      Page 47 Advertisements Column 5
      479 47 SIN FAR EAST 22/12 KEELUNG/KAOHSIUNG 19/12 BANGKOK 21/12 MANILA/CEBU 19/12 JAKARTA/BELAWAN/SURABAYA 21/12 PORT KELANG/PENANG/E. MALAYSIA 21/12 BUSAN 20/12 TOKYO/YOKO/KOBE/NGO/OSA 21/12 HONG KONG SIN CHINA 21/12 GUANGZHOU/HUANGPU/SHENZHEN FUZHOU/XIAMEN/SHANTOU DALIAN/SHANGHAI/XINGANG TIANJIN/QINGDAO/HAIKOU also accepting LCI cargo S!N EUROPE/UK 19/12 LDN/FLX/LVP/SOU 19/12 RDM/HAM/ANT/LE HAVRE/GENOA/OSLO also accepting cargo to Austria/ Hungary/Romania/Poland/Bulgaria/Czech SIN USA/CANADA 20/12 LOS
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      Page 48 Advertisements Column 1
      529 48 HONG KON6/CHINA 21/12 JAKARTA 20/12 BANGKOK 19/12 MANILA 20/12 BUSAN 21/12 KEELUNG 22/12 TOKYO/KOBE 19/12 KAOSHIUNG 19/12 PORT KELANG/PENAN6 21/12 YOKOHAMA 19/12 COLOMBO 22/12 FELIXSTOWE/HAMBURG 19/12 CHITTA6ONG/MAORAS 22/12 ROTTERDAM/LE HARVE 19/12 BOMBAY/KARACHI 21/12 ANTWERP 19/12 CALCUTTA 22/12 LAX/NYC 20/12 SYDNEY/MELBOURNE 18/12 CMT LINER EXPRESS AGENCIES PTE LTD HOT-LINE *****88 F°
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      Page 48 Advertisements Column 2
      470 48 Banterml CONTERM FREIGHT (F.E.) PTE LTD. AUCKLAND 26TH DECEMBER ACCEPTING TO ALL PORTS IN NEW ZEALAND BANGKOK 27 DEC JAKARTA 20 DEC PENANG 24 DEC PORT KELANG 24 DEC MELBOURNE 28 DEC SYDNEY 28 DEC FREMANTLE 20 DEC BRISBANE 30 DEC HAMBURG 26 DEC FELIXSTOWE 26 DEC GOTHENBURG 26 DEC
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      Page 48 Advertisements Column 3
      752 48 Mm Next Week's Sailings Tii! ETD ETD Qf I P Singapore Singapore 1 EVERY EVERY ft Bangkok WED &SI N Hamburg SAT Manila KRI Ho C hi Minh SAT Sfe Colombo MON lx>s Angeles SUN Singapore Tel: 778 6522 Von Chan/ I mm MM 1 Fa*: 779 2738 (iandh. 1
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      Page 49 Advertisements Column 1
      1158 49 Nedlloyd "NEDLLOYD ROUEN" VOY 2137S CALLS BRISBANE ETA SPORE 6th JAN. ETA BBISBANE 19th JAN 1993 Nedlloydl Lines B Seroia —G. Bhum 18/12 16/12 NLL Hoorn/2452 22/12 9/1 10/1 12/1 13/1 14 1 12/1 13 1 Kelvin Fortune'2236S 28/12 27/12 1/1 25/12 22/12 19/1 29/1 21/1 22/1 23/1 23/1 24/1
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      Page 50 Advertisements Column 1
      302 50 NORTH PHILIPPINES FULL CONTAINER SERV CE VESSEL VOYAGE SINGAPORE MANILA ™OUR LUZON Z!« ISZI2ZI? 25/12/92 VIGOUR LUZON 7ANB 21/12/92 25/12/92 VIGOUR SINGAPORE 43N8 25/12/92 1/1/93 VIGOUR SINGAPORE 43ANB 28/12 92 1/1/93 PORT KLANG/PENANG FULL CONTAINER SERVICE VESSEL VOYAGE SINGAPORE PORT KLANG PENANG FIAOS 9232N8 20/12/92 21/12/92 FgJOS 9233N8 23/12/92 25/12/92
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      Page 50 Advertisements Column 2
      306 50 i. cosco UKC CONVENTIONAL SERVICE VESSEL PKL PNG P.O. LOADING FOR: A VESSEL 28/12 Rotterdam/Antwerp CHINA CONVENTIONAL SERVICE VESSEL PKL PNG P G LOADING FOR A VESSEL IS/12 20/12 Huangpu/Guangzhou COSCO FULL CONTAINER SERVICES (FCL/FCL) EXPORT TO: CHIN A/BANGKOK/HONGKONG EUROPE/CONTINENTAL WEST MEDITERRANEAN AUSTRALIA US WEST COAST PERSIAN GULF/KARACHI Please refer
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      Page 50 Advertisements Column 3
      163 50 IKOTTTII CONTAINER LINE (S) PTE LTD 133 New Bridge Road #09-06, Chinatown Point S'pore 0105 WEEKLY CONSOLIDATION SERVICES TO: HONGKONG 23/12 .SYDNEY 26/12 .ROTTERDAM 26/12 .BUSAN 23/12 .MELBOURNE 26/12 .HAMBURG 26/12 KEELUNG 23/12 .BRISBANE 24/12 .FELIXSTOWE 26/12 KAOHSIUNG 25/12 .ADELAIDE 24/12 .LE HAVRE 26/12 BANGKOK 23/12 FREMANTLE 24/12 ANTWERP 26/12
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  • Page 50 Miscellaneous
    • Miscellaneous
      Page 50 Miscellaneous Column 1
      699 50 TODAY'S TIDES (height in metres) HOUR 0000 0100 0200 0300 0400 o*oo 0600 0700 0800 0900 1000 1100 1200 1300 1400 1500 1(00 1700 1800 1900 2000 2100 2200 2300 ft 09 1.1 14 19 23 2.5 26 2.4 2.1 IS 14 1.2 1.1 1.1 1.3 16 19 22 2.3
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      Page 51 Advertisements Column 1
      1094 51 I HYUNDAI MERCHANT MARINE CO. LTD. WESTBOUND TO EUROPE VESSELS PNA PKE PGD SX RTM MIT* LEH* HAM BBf| FEL H. INNOVATOR 301W 17/12 18/12 19/12 20/12 S/l 8/1 9/1 9/1 9/1 12/1 SI MARKER 302*1 24/12 25/12 26/12 27/12 15/1 15/1 16/1 16/1 16/1 19/1 H. EXPLORER 303W 31/12
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      Page 51 Advertisements Column 2
      459 51 BB STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS INBOUND VESSELS VESSEL VOT Sf PR RK M IAAIVLLAM 1« 21/12 COSHC CMLUKEI 22 22/12 24/12 Hmu 21/12 25/12 TAMK PER All U 25/12 27/12 TIMS Aro 41 21/12 27/12 HI 31/12 C*SMK MASTII 11 29/12 COOK PKMLI 27 1/1
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      Page 51 Advertisements Column 3
      934 51 EXPORT TO: JEDDAH/UK/CONTINENT ISWK CD S TON tTBURE RDAM LtH Abe Acccpti* C»m F«r LUMKSHAFLN tXPRtSS 05/150 19/12 29/12 1/1 9/1 11/1 11/1 South*!*!* to 4UK deshuln Mist and Out* I9J9PV»9^^H 2"" "/> !•/> «•"•*»< to Ant«rp, 0* Hehrtu OKSOEN (IPRtSS 01/151 24/12 5/1 11/1 11/1 11/1 20/1 Southampton to
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      Page 52 Advertisements Column 1
      87 52 Every Saturday in Business Times Stories on labour and its relationship with management, management concepts in practice, profiles of leading managers in Singapore and relevant book reviews. ENTERPRISE MANAGEMENT, in Business Times every Monday, is must reading for managers who want the competitive edge. Plus an occasional look at successful
      87 words
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      Page 52 Advertisements Column 2
      13 52 I il| j k i IBM »1 1 1 Ki 111 11 All
      13 words