The Business Times, 22 December 1992

Microfilm: NL18513
Total Pages: 46
1 46 The Business Times
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  • Title Section
    Masthead
    19 1 Business Times THE BUSINESS PAPER FOR S E ASIA MIT A (P) 552/12/92 Tuesday, December 22, 1992 75 c
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  • NEWS
    • Article
      Member of Gaidar Cabinet hands in resignation
      61 1 MOSCOW Russia's reformist social protection minister became the first Cabinet official to resign since a Sovietera apparatchik was appointed prime minister last week. Llla Pamfilova, the only woman in the Russian Cabinet, offered to resign in a letter to President Boris Yeltsin dated
      61 words
    • Article
      UK court says mine closure unlawful
      84 1 LONDON Britain's High Court yesterday dealt a stunning blow to Prime Minister John Major's government by ruling that a controversial decision to close down 31 coal pits was unlawful. The government announced last October that 31 of Britain's 50 coal pits would shut down
      84 words
    • Article
      Marina food centre sold
      27 1 STANDARD Chartered Bank has sold part of the ill-fated Marina Village International, formerly the flagship company of Moroccan businessman Elyamani Khamis Pg 2
      27 words
    • Article
      Border dilemma
      37 1 HONGKONG police are not covering the border with China properly, but the government is reluctant to seek military help because of fears that this could lead to Chinese army involvement, say security sources Pg 7
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    • Article
      Fair polls
      36 1 PRESIDENT Roh Tae Woo yesterday said the country's voting for a new president was the fairest and calmest in South Korean history and has brought democracy a step closer to full maturity Pg 8
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    • Article
      IT in 1992
      39 1 FOR the information technology industry, 1992 was a year of extremes. Big names bit the dust, or took their products downmarket to beat a slowing market. Niche marketers and smaller companies seemed to flourish Pg 9
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    • Article
      Catching up
      40 1 SINGAPORE shipyards are approaching the standards of North European and Japanese yards and in some sectors have overtaken their more established competitors, according to C N Watson, Europe director for local conglomerate Keppel Corporation Shipping Times, Pg 1
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  • MARKETS
    • Article
      Dow lower
      33 1 WALL. STREET stocks were lower in early trading yesterday. falling on profit-taking. The Dow was otT eight points to 3,305, while in the broad market losers led gainers three to two.
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    • Article
      Footsie lower
      32 1 LONDON share prices hit new record highs in early trading yesterday before falling. At 1020 GMT, the 100-share Footsie index was down a slight 1.2 points or 0.04 per cent.
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    • Article
      APB upbeat
      40 1 THE outlook for Asia Pacific Breweries' overseas operations appears bright. No major writedowns are expected for its share in New Zealand associate Magnum Corporation and its new Vietnam brewery is expected to be its "star performer" PR 3
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    • Article
      Poor results
      27 1 PACIFIC Can Investment Holdings Ltd. which has turned in a dismal set of results, is considering selling off its core can manufacturing business. PR 3
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    • Article
      Allied divestment?
      33 1 THE Allied Group is considering an offer for its 57.6 per cent stake in Allied Industries, six weeks after denying it was in talks to sell oIT the interests Pg 4
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    • Article
      China-fuelled boom
      28 1 CHINA'S rush to modernise and turn its southern region into an Asian "tiger" economy will fuel a boom for Hongkong's syndicated loans business. bankers sav. Pg6
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    • Article, Illustration
      STOCK INDICES
      27 1 Mnnda) Change BT-MGA 707.73 +11.06 Kuala Lumpur .643.60 +2.52 Tok\o 17.645.44 -35.30 Hongkong 5.242.48 49.82 Sydney 1.537.0 +21.3 New York 3.313.27 +44.04 London 2.789.7 +49.4
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    • Article
      CURRENCIES
      25 1 Exchange rates USS S$ SS 1.6365 100 Yen SS 1.3289 MS SS 0.6327 Money market rates Overnight 2 1/2 -1 3-month 2 1/4% -1/16
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    • Article
      COMMODITIES
      38 1 London Gold AM fix IISS337.00 -USS0.15 Rubber S'pore Jan 146 DC/kg unch M'sia Jan 227.00Vkg -0.50 KL Tin Turnover 57tonnes -1 Spot MS 14.28 /kg unch Crude palm oil Turnover 898 lots -438 Jan MS943 /tonne +10
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  • Article
    Indonesia plans new tax breaks for Batam investors
    459 1  -  Jakarta fights growing regional competition for investments By Genevieve Cua SINGAPORE The Indonesian government is looking into new tax incentives for foreign investors in Batam as regional competition for investments intensifies. Indonesia's new ambassador to Singapore, Socdibyo Rahardjo, told Business Times: "The
    459 words
  • Article
    Stocks rally with index soaring above 1,510
    190 1 SINGAPORE The Singapore stock market staged a major rally yesterday with the Straits Times Industrials Index advancing 19.69 points to close at 1,511.49. Trading volumes were high and foreign institutions were among the active buyers. The broader-based BT Composite Index rose 12.26 points
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  • Article, Illustration
    Astra chairman quits over veto of takeover bid
    465 1  -  From Maggie Ford in JAKARTA SUMITRO Djojohadikusumo. chairman of PT Astra International, the Indonesian conglomerate at the centre of a fierce takeover battle, announced his resignation yesterday. Dr Sumitro's resignation came in response to a letter from patriarch William Socryadjaya, the founder
    465 words
  • Article, Illustration
    Cdre Teo made Minister of State for Finance, Comms
    333 1 SINGAPORE Ex-Navy Chief Teo Chee Hean was sworn in as Minister of State in the Finance and Communications ministries yesterday. two days after his first political contest in the Marine Parade GRC by-election. Commodore (Res) Teo, who won a seat in
    333 words
  • Article
    Lock icon 250 HK groupings hit out at Patten's political reforms
    606 1 US to China: Respect business contracts or risk being ostracised Agencies HONGKONG More than 250 labour, business and community groups yesterday blasted Governor Chris Patten's political reforms for the territory in another sign of local unease with democrat isation. In a
    Agencies  -  606 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      158 1 Nikon I The Worlds' Finest Photographic System I THdte&lh Se&t i&tnuu p Aifcratt Schedule 25 Innovation Tech 9 Sports 14 Commodities 24 Jht Bkh China Stocks 20 TV Radio 12 Company News 35 KLSE 19 Unit Trusts 17 Cryptic Crossword 25 Money Changer Rates 25 Weather 25 Editorial 10 Money
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      Page 1 Advertisements Column 2
      17 1 Hock Lock Stew: SIA should await other opportunities, Pg 3 Jakarta shows it means business. Pg 11
      17 words
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      Page 1 Advertisements Column 3
      86 1 Work on two Batam resort projects begins, Pr 2 Results reaffirm investors' confidence: Beri. Pg 2 Editorial: Staving a people's part}, Pg 10 M SANTOS DE CARTIER GALBEE WATCH Water-Resistsnt to 30 m The complete range of Santos watches is now available at Cortina Watch Centre Pte Ltd. Funan Centre
      86 words
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      Page 1 Advertisements Column 4
      22 1 Nikon The Worlds' Finest Photographic System Sett (tyUAtmoA (%U The Bottom Line: Hongkong in no hum to localise civil service. Back Pg
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  • PAGE 2 NEWS
    • Article
      By-election results reaffirm investors' confidence: Beri
      517 2  -  Unnecessary adjustments in govt policy avoided By Anna Teo SINGAPORE US-based risk analysis firm Business Environment Risk Intelligence (Beri) considers the results of Saturday's by-election important because continuity of People's Action Party poli-cy-making is one reason for its high rating of Singapore. "If the
      517 words
    • SINGAPORE ROUNDUP
      • Article
        Two STPB board members reappointed
        100 2 SINGAPORE Leong Chee Whye and Alan Choe. long-standing board members of the Singapore Tourist Promotion Board, have been reappointed to another two-year term. Last Friday's government gazette said Mr Leong would stay on as chairman and Mr Choe would remain as member, the effective date
        100 words
      • Article
        SM Lee invited to Pakistan: report
        59 2 SINGAPORE Pakistani Prime Minister Nawaz Sharif has invited Senior Minister Lee Kuan Yew to visit his country, according to the AFP news agency. Quoting the Associated Press of Pakistan, it said yesterday that Mr Lee was expected to visit Pakistan in February. The exact
        59 words
      • Article
        Yokogawa unveils new system
        101 2 SINGAPORE Leading Japanese industrial automation maker Yokogawa Electric Corp has unveiled its latest multi-million-dollar integrated production control and management system, the Centum CS. Announcing its launch yesterday. T N Somasundaram. Yokogawa Electric Asia's marketing director. described the new system as a "total management tool aimed at
        101 words
      • Article
        Lower levy for 9 more trades
        129 2 SINGAPORE The government will allow employers to pay a lower foreign worker levy next year for skilled labourers in nine additional marine trades to eneourage skills upgrading in the industry. Currently. 12 marine-related trades come under a two-tier levy scheme. Employers pay a lower
        129 words
    • Article
      Lock icon At least 44 killed, 250 hurt in plane crash in Portugal
      218 2 AFP LISBON A DC-10 belonging to Dutch charter firm Martinair yesterday crashed at Faro airport, on Portugal's southern coast, killing at least 44 and injuring more than 250. according to provisional figures issued by civil protection officials. Officials said
      AFP  -  218 words
    • Article, Illustration
      Work on two Batam resort projects begins
      485 2  -  Development goes on despite weakening investor confidence By Kooi Cho Teng SINGAPORE Two more large-scale resort projects have taken off on Batam despite the weakening investor confidence in golf clubs on the Kiau island. Land clearing began in late October for the Si2o
      485 words
    • Article
      Stanchart sells Marina food centre for $10m
      409 2  -  By Dawn Tan SINGAPORE Standard Chartered Bank has sold part of the ill-fated Marina Village International, formerly the flagship company of Moroccan businessman Elyamani Khamis. Business Times learnt that locally-incorporated trading company Sin Thai Hin Group has signed an agreement with Stanchart for
      409 words
    • Article
      Lock icon Time Warner chief Steven Ross dies
      533 2 Co-chief executive Gerald Levin to take over NYT NEW YORK Steven J Ross, who built a family funeral parlour business into Time Warner Inc, the world's largest media and entertainment company, died last Sunday in Los Angeles. He was 65. His death was caused
      NYT  -  533 words
    • Article
      Lock icon Miyazawa to propose framework for dialogue on Asian security
      126 2 BernamaKyodo TOKYO Japanese Prime Minister Kiichi Miya/awa will propose next month the creation of a framework for political dialogue to discuss security issues in the Asian region. Japanese public television reported yesterday. Japan Broadcasting Corp (Nllk) said Mr Miyazawa would unveil
      Bernama- Kyodo  -  126 words
    • Article
      Telecom to invest $75m in Norwegian mobile phone deal
      311 2  -  By Juliette Walker SINGAPORE Singapore Telecom is set to invest 575 million in developing Norway's mobile phone system, one of its largest overseas investments to date. Singapore Telecom said in a statement yesterday that its subsidiary, Singapore Telecom International (STI). and
      311 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      132 2 Rather Than Sprinkle Spices, We Throw In Faithful to traditional Teochew culinary art, our chefs at flung Kang Teochew v Restaurant do not use spice excessively to bring a dish to taste. Preferring IByjrBBW instead to insist on up-to-the-minute-fresh ingredients to bring out the true RnMiyßfl taste of our food
      132 words
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      Page 2 Advertisements Column 2
      57 2 I BANK OF COMMUNICATIONS U5570,000,000 Floating Rate Notes due 1997 In accordance with the terms and conditions of the Notes, the rate of interest applicable for the interest period December 18. IW2 to June 18. IW3 is per annum. Interest payable on June 18. 1993 per Note of USS2SO.(XK) will
      57 words
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      Page 2 Advertisements Column 3
      119 2 Will the l ime arner family split up now? Pg 10 Canadian International School (Singapore) Attention 'O' Level Grads Canadian International School can offer Immediate placement into the ten-month pre-untversity grade 13 program. Students who successfully complete the course of study will be eligible for university entrance in February 1994.
      119 words
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  • COMPANY NEWS 1
    • Article
      APB upbeat about overseas operations
      600 3  -  No major writedowns for DB expected: high hopes for Viet brewery By Genevieve Cua SINGAPORE The outlook for Asia Pacific Breweries' overseas operations appears bright. No major writedowns are expected for its share in New Zealand associate Magnum Corporation and its new Vietnam brewery is
      600 words
    • Article
      CPL's first condo project to have more units
      286 3 SINGAPORE Centrepoint Properties Ltd (CPL) has increased the number of units in its first condominium project by reducing the size of the apartments. Gerry Darwin, executive director of CPL, which is the property arm of the Fraser Neave group, disclosed yesterday that
      286 words
    • Article
      Powermatic picks up 78pc premium over issue price on its debut
      284 3  -  By Teh Hooi Ling SINGAPORE Computer company Powermatic Data Systems was the most favoured debutante on the Stock Exchange of Singapore this year. On its first day of trading yesterday, it closed at 80 cents, a 78 per cent
      284 words
    • Article
      SPH expanding production capacity with new presses
      240 3  -  By William Chia SINGAPORE Singapore Press Holdings is planning a major expansion of its production capacity by purchasing new printing presses to replace existing equipment which are operating at full capacity. In its latest annual report, released yesterday. SPH said this expansion was
      240 words
    • Article
      Other Aussie carriers available but SIA should await right opportunity
      726 3  -  THE HOCK LOCK SIEW COLUMN Organic growth may not be a bad thing By Conrad Raj SINGAPORE Singapore Airlines' defeat by British Airways in the battle for a stake in Australia's Qantas Airline may not be sueh a big loss
      726 words
    • Article
      Pac Can in the red, firm mulls over sale of can business
      419 3  -  By William Chia SINGAPORE Pacific Can Investment Holdings Ltd. which has turned in a dismal set of results, is considering selling off its core can manufacturing business. The company yesterday reported a group operating loss of 52.41 million
      419 words
    • COMPANY BRIEFS
      • Article
        Metro appoints new director of operations
        76 3 SINCi APORL Metro has appointed Michael Ong Swee Lee as its director of operations, with responsibility for the management of all Metro stores, including customer service, store design planning, warehouse and stores security. Mr Ong brings with him 27 \ears of experience in advertising,
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      • Article
        Rashid Hussain's profit up 32pc
        66 3 KL'AI.A LUMPUR Broking house Rashid Hussain Bhd has achieved a 32.6 per cent increase in group pre-tax profit to M 540.52 million (SS2>.6 million) for the six months ended No\ 30. from M 530.57 million in the previous corresponding period. The increase \vas achieved on
        66 words
      • Article
        CIC defers OYL plan
        58 3 KUALA LUMPUR The Capital Issues Committee has deferred a proposal by OYL Industries Bhd to sub-divide all the existing and issued and un-issued ordinary share capital of OYL from MSI per share to 50 sen per share. However, the CIC said it has approved the company's
        58 words
      • Article
        KLI and UEM tie-up
        90 3 KUALA LUMPUR The proposed "marriage" between Kuala L umpur Industries (KLI) and United Engineers (M) (UEM) to undertake the privatisation of the National Pharmaceutieal and Medical Store (NPMS) will diversify KLl's base from property development to pharmaceuticals. KLI managing director Teong Teck Loong said, for a
        90 words
    • Article
      Lock icon EON takes 30pc stake in car seat maker Ikeda
      244 3 MBT KUALA LUMPUR Malaysian national car distributor Edaran Otomobil Nasional (EON) has acquired a 30 per cent stake in car seat manufacturer. Ikeda lOM Holdings (Ikeda). for M 54.9 million (Ss3.l million). EON's acquisition of the stake in Ikeda came in
      MBT  -  244 words
    • COMPANY BRIEFS
      • Article
        Formosa to inject US$250m into US units
        86 4 TAIPEI The Formosa Plastics group, Taiwan's largest industrial conglomerate, has said it will spend US$25O million (SS4IO million) to expand its investments in the US. The group will inject US$2OO million into its US subsidiary. Nan Ya Plastics Corp America, raising its capital
        86 words
      • Article
        Siddons rejects takeover offers
        106 4 MELBOURNE Building products group Siddons Ramset Ltd has formally rejected two takeover offers, saying an independent report valued the shares at A 52.60 to A 53.00 each. The stock ended at AS 1.96 yesterday, up four. The valuation by Schroders Australia Ltd was included in Siddons'
        106 words
      • Article
        Alcatel wins Indon contract
        65 4 JAKARTA Alcatel of France has won a contract for building a 140-megabyte. high-capacity microwave digital network in eastern Indonesia worth around USS2O million (SS33 million), an Alcatel official said here yesterday. The project was initially awarded to rival bidder Telecommunication Radioelectrique et Telephonique (TRT-Philips), a subsidiary
        65 words
      • Article
        Dickson Construction listing
        57 4 HONGKONG Dickson Construction International, a construction and civil engineering specialist based here, is to seek a listing on the Hongkong stock exchange. The company would otTer 77 million new shares of 10 HK cents each at a price of HK$l per share, with one warrant for every
        57 words
      • Article
        Samsung in tie-up with Toshiba
        47 4 SEOUL South Korea's Samsung Electronics Co Ltd has signed a technical agreement with Toshiba Corp to develop 16-megabyte flash memory chips. A Samsung spokesman yesterday said the two companies would exchange technological know-how and cooperate on standardisation. He gave no financial details.
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      • Article
        Brambles in US landfill venture
        84 4 SYDNEY Australia's materials-handling giant. Brambles Industries Ltd, will spend A 576.8 million (5586.8 million) to develop a Virginia site into America's largest solid-waste landfill, the Australian Financial Review reported yesterday. The landfill development would expand Brambles' business from the hazardous-waste disposal business into the larger
        84 words
    • Article
      Lock icon Allied considering offer for stake in subsidiary
      463 4 Move follows earlier denial of any proposed sale South China Morning Post HONGKONG The Allied Group is considering an offer for its 57.6 per cent stake in Allied Industries, six weeks after denying it was in talks to sell off the interests. If
      South China Morning Post  -  463 words
    • Article
      Lock icon Ramos urges Philippine bourses to end dispute and unite soon
      267 4 Reuter MANILA Philippine President Fidel Ramos yesterday urged Manila's two stock exchanges to end a dispute over creating a unified bourse to compete with Asian markets. "There must just be one exchange," he told his weekly news conference. "The Philippine
      Reuter  -  267 words
    • Article
      Lock icon China to have first stock market paper
      198 4 AFP HONGKONG Chinas first official newspaper on its emerging stock markets will begin publication in the new year, a Beijing-controlled newspaper here said yesterday. The Shanghai Securities Mem would debut on Jan 2 to become China's first nationally distributed newspaper of its kind,
      AFP  -  198 words
    • Article
      Lock icon Westinghouse unit plans to make Thailand its regional HQ
      212 4 AFP BANGKOK Westinghouse Electronic Systems Co (Welsco), a United Statesbased subsidiary of Westinghouse. plans to form a joint venture here next year to make Thailand its regional headquarters. William Hudson, Welsco senior vice-president for Asia and the Pacific region, said the
      AFP  -  212 words
    • Article, Illustration
      Lock icon South Korean election results expected to boost stocks
      383 4 Reuter SEOUL President-elect Kim Young Sam's convincing victory at the polls is expected to dam a current slide in the South Korean stock market as investor sentiment improves. Economic analysts yesterday said his victory in last Friday's election was just the tonic
      Reuter  -  383 words
    • Article
      Lock icon HK stock exchange sets down proposals for major reform programme
      502 4 South China Morning Post HONGKONG The 31pagc consultation paper released last week by the Hongkong stock exchange to tighten its listing rules contains the biggest programme of reforms since the issue of the lan Hav Davison Report in May 1988.
      South China Morning Post  -  502 words
    • Article
      Lock icon Indian carmakers seek concessions to re-spark boom
      307 4 AFP NEW DELHI India's vehicle makers say they are counting on government concessions to help them survive a slump and lift car and truck sales out of the doldrums. The motor industry slashed production this year as manufacturing costs soared and sales plummeted
      AFP  -  307 words
    • Article
      Lock icon Microsoft replaces IBM as high-tech bellwether stock
      364 5 Reuter SEATTLE, Washington Ten years ago, Microsoft Corp was just another feisty US computer industry start-up with 220 employees and a freshly-inked deal to supply basic software to industry giant International Business Machines Corp. Analysts now say Microsoft will soon pass IBM as
      Reuter  -  364 words
    • Article
      Lock icon Nike expects to widen market share
      203 5 Reuter SEATTLE Nike Inc expects to continue to gain market share in calendar 1993, gaining as much as two to three percentage points while maintaining continued strong margins during the period. In a conference call with analysts last week, Nike executives said that its
      Reuter  -  203 words
    • Article
      Lock icon IBM's Akers under pressure but says his position is secure
      306 5 Reuter NEW YORK International Business Machines Corp (IBM) chairman John Akers has said that his position as chief of the world's largest computer maker is secure, but he is under enormous pressure to turn things around quickly. At a press
      Reuter  -  306 words
    • Article
      Lock icon Coca-Cola to restate earnings due to accounting changes
      334 5 Knight-Ridder NEW YORK The CocaCola Co said last week it will restate its 1989 and 1992 earnings due to the adoption of two accounting rule changes. Coca-Cola said it will take a one-time net charge of US$22O million (*****.5 million), or 17
      Knight-Ridder  -  334 words
    • COMPANY BRIEFS
      • Article, Illustration
        Iacocca may work with other firms besides TWA
        100 5 HIGHLAND PARK. Michigan Chrysler Corp's outgoing chairman. Lee lacocca. has said he may lend his management expertise to companies other than Trans World Airlines Inc (TWA), including a heavy manufacturing firm involved in the car industry. In an interview last Friday on
        100 words
      • Article
        ENI looking to cut investment
        82 5 ROME Italian state energy conglomerate Ente Nazionale Idrocarburi SpA (ENI) is preparing to cut investment in non-core sectors and aims to raise five trillion lire (555.5 billion) from asset disposals, senior management said. ENI chairman Gabriele Cagliari and managing director Franco Bernabe told a briefing
        82 words
      • Article
        Crown Cork to buy Van Dorn
        64 5 NEW YORK Crown Cork Seal Co Inc said on Friday that it will buy Van Dorn Co for US$l75 million (SS2B7 million) in cash and securities, consummating yet another courtship in America's steadily consolidating packaging industry. Crown Cork, the leading maker of packaging crowns
        64 words
      • Article
        Goodyear completes assets sale
        91 5 AKRON, Ohio Goodyear Tire Rubber Co said on Friday it has completed sale of its polyester business assets to Shell Oil Co for an undisclosed sum. The deal included Goodyear's polyester-resin manufacturing facility in Point Pleasant, West Virginia; a polyester technical centre in Akron and other
        91 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      125 3 IN THE MARKET PAGES Thai stocks soar 20 Aussie shares hit record 22 Jlss The Best Of Movado Since the establishment of Sincere 2;.$ g°'d with an elegantly engineered Watch in 1954, we have worked hard to mechanical, self-winding movement, maintain a reputation for excellence. In the a co ec^or
      125 words
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      275 4 Now you can find out how to be free of extra fat. (free of charge) No matter whether you're male or female, being overweight isn't much tun. You've probably tried a multitude of different slimming treatments and had little success. And you're probably feeling that there's not much more that
      275 words
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      Page 4 Advertisements Column 2
      19 4 Anabsis: A reformer, not a radical. Pg 11 Roh lauds polls as fairest in S Korean histon. Pg 8
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  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      33 5 Our engineers spent $3.7 billion, our designers I RAD A FREE HAND AND OUR TEST DRIVERS PUT THEIR FOOT DOWN. I NOW PREPARE FOR THE DRIVE OF YOUR LIFE. BBHBMB /t>r t™® M|
      33 words
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  • FINANCIAL NEWS
    • SMALL CHANGE
      • Article
        Nomura penalises executives on US bonds
        75 6 TOKYO Nomura Securities Co Ltd said yesterday it had taken punitive action against three executives in connection with the company's questionable sales of high-risk US real estate-backed bonds to more than 14.000 investors. Executive managing director Atsushi Saito was demoted to managing director as
        75 words
      • Article
        HKBank M'sia cuts rate
        56 6 KUALA LUMPUR The Malaysian unit of Hongkong and Shanghai Banking Corp has cut its base lending rate to 9.25 per cent from 9.50 per cent with immediate effect, a spokesman said. The bank also lowered its interest rates for one to 12-month fixed deposits to 7.80
        56 words
      • Article
        Italy okays plan to sell IMI stake
        67 6 MILAN The Italian Cabinet approved late on Sunday a new Treasury plan to sell a 50-per-cent stake in state-owned credit group Istituto Mobiliare Italiano (IMI). A statement issued by the office of Prime Minister Giuliano Amato said the Cabinet urged Treasury Minister Piero
        67 words
      • Article
        US banks' derivative exposure
        54 6 CAMBRIDGE. Massachusetts Seven large US banks have sizeable holdings of derivative investment products traded over the counter. Federal Reserve Bank Vice-Chairman David Mullins said last week. "The major risk is old-fashioned credit exposure," he said at a Harvard University conference on risks to financial markets. He
        54 words
    • Article
      Corrections & clarifications
      53 6 Corrections clarifications IN THE DBS Bank weekly currency rev iew published in BT's Dec 19/20 weekend edition, the daily stochastics for USS/DM and US$/SFr wrongly showed that they were "overbought" while Stg/US$ was "oversold". The words "overbought" and "oversold" should not have been in the three charts. We are sorry
      53 words
    • Article
      Lock icon China's progress set to fuel boom in HK loans
      668 6 Reuter HONGKONG Chinas rush to modernise and turn its southern region into an Asian "tiger" economy will fuel a boom for Hongkong's syndicated loans business, bankers say. China-related deals could triple in the next few years as the nation hungrily taps
      Reuter  -  668 words
    • Article
      Lock icon Thai Olefins gets US$479m financing deals
      333 6 Bloomberg BANGKOK Thai Olefins Co, a petrochemical joint venture, has completed financing agreements with two banking syndicates for US$479 million (SS7B6 million). says an official of one of the banks. The financing covered the construction of Thai Olefins' US$72O million ethylene and propylene production
      Bloomberg  -  333 words
    • Article
      Lock icon Corporate borrowing for maturing debt seen slowing next year
      390 6 Bloomberg NEW YORK Corporate bond sales to pay for maturing debt will slow in 1993 because fewer bonds are coming due, says John Lonslci, economist at Moody's Investors Service. That's bad news for Wall Street investment banks who earned US$6.3 billion
      Bloomberg  -  390 words
    • Article
      Lock icon Financial island in the sun
      426 6 Jamaica is fast becoming the Caribbean capital of money Reuter KINGSTON A booming stock market and fast-grow-ing banks and insurance companies are propelling Jamaica into a new role as the financial capital of Central America and the Caribbean, say many business experts. The island's banks,
      Reuter  -  426 words
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      Page 6 Advertisements Column 1
      847 6 Delivering Cash Management Services To New Markets You ore invited to the most PLENARY SESSIONS (Mornings) j Q ne j a y Special Programmes w Time/Date April 13,1993, Tuesday April 14,1993, Wednesday April 15.1993, Thursday (o«Ted* sepTate regulation) importont bonk t@ChnOlOQy Focus Regional Treasury Operations Worldwide Treasury Trends Technology A
      847 words
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  • THE REGION
    • Article
      Lock icon HK govt facing dilemma over border problem
      563 7 AFP HONGKONG Hongkong police are not covering the border with China properly, but the government is reluctant to seek military help because of fears this could lead to Chinese army involvement, say security sources. Senior officials in the colony's government were worried that
      AFP  -  563 words
    • Article
      Ramos on restoring stability
      379 7 Urgent need to end insurgency, rebellions MANILA President Fidel Ramos said yesterday that he was determined to end the Communist, Muslim and military rebellions to restore stability and steer the country towards economic progress. "Political stability and civic order we need urgently as requirements for restoring
      379 words
    • Article, Illustration
      Lock icon Some leg work for Viet orphanage
      218 7  -  By Harish Mehta SINGAPORE Eleven Singapore companies are sponsoring a drive to raise 5520,000 for an orphanage near Hanoi, underscoring a trend among local firms to help war-torn Vietnam. In connection with the fund-raising drive, a 26-km marathon will be held in Hanoi on
      Picture by Chris Loh  -  218 words
    • Article
      Lock icon Phnom Penh govt says human rights office not legal
      258 7 AFP PHNOM PENH The Phnom Penh government yesterday said a Cambodian human rights office closed by force earlier this month did not have proper government permission to operate. A statement from the regime's Svay Rieng provincial information and cultural office also
      AFP  -  258 words
    • NOTE BOOK
      • Article
        Happy loser
        79 7 KUALA LUMPUR Contrary to popular belief, V David is happy to lose the Malaysian Trades Union Congress (MTUC) secretary-general's post he held for 14 years. While many consider his defeat to G Rajasekaran at the congress' elections yesterday as a major upset, the 60-year-old veteran unionist said he
        79 words
      • Article
        Japan faces limit on Aussie tuna
        68 7 CANBERRA Japan will lose access this season to 1,500 tonnes of tuna under an agreement signed yesterday that reduces the area it can fish and limits the number of hooks permitted in fishing waters off Australia. But Japan will still pay A 53.7 million
        68 words
      • Article
        Fighting displaces 10,000
        50 7 PHNOM PENH Light shelling continued over the weekend in western Cambodia, where artillery exchanges between Khmer Rouge guerillas and Phnom Penh government soldiers have driven 10,000 people from their homes, a UN spokesman said yesterday. Hundreds of the displaced were Cambodian refugee families who had recently returned.
        50 words
      • Article
        Mention in May for Kitingan
        75 7 KUALA LUMPUR The Sessions Court here yesterday fixed May 13 next year for mention of the summons case against Sabah Foundation director Jeffrey Kitingan. who faces 12 counts of failing to declare his assets, valued at Ms4s million (5528.8 million). Judge Siti Naaishah Hambali fixed
        75 words
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      211 7 CERRUTIIBBI SWISS WATCHES '\l V ®jfc Rtuw. v.: lMr 7TB «wa jgi I m* Jm] jy J! Time is on my side. Sole Agent Singapore DYNASTY WATCH PTE LTD, 20 Bideford Road. #07-00, Wellington Building, Singapore 0922. Tel: 733 2765 Fax: 235 3697 Malaysia DYNASTY WATCH SDN BHD, Lot Tl/4-5,
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  • THE REGION/THE WORLD
    • WORLD WATCH
      • Article
        Poll shows poor support for Miyazawa
        98 8 TOKYO Only one per cent of Japanese want kiichi Miyazawa re-elected prime minister next year, according to a poll by the daily Mainichi Shimbun. Right-leaning politician Shintaro Ishihara. known for his hardline stance against the US, topped the list of men deemed best suited
        98 words
      • Article, Illustration
        Powell condemns Israeli move
        119 8 NEW YORK Speaking to a Jewish audience. US Gen Colin Powell last Sunday condemned Israel's expulsion of hundreds of suspected Muslim activists. The US was "troubled by... v iolence used against Israelis by extremists", said the chairman of the Joint Chiefs of Staff. "However, counterviolence and
        119 words
      • Article
        Pretoria wants military shake-up
        63 8 JOHANNESBURG The South African government yesterday said it wants a major shake-up of the military following the dismissal of six generals implicated in a political dirty tricks campaign. Defence Minister Gene Louw said military intelligence would have to be restructured to ensure its reliability. He gave
        63 words
      • Article
        Dead heat in presidential polls
        82 8 BELGRADE Backers of rival Serbian presidential candidates Slobodan Milosevic and Milan Panic yesterday claimed victory in Serbian presidential elections. But an exit poll by a private research firm put the two candidates in a dead heat, with each man garnering 47 per cent of the
        82 words
      • Article
        Major vows rethink of policies
        72 8 LONDON Prime Minister John Major yesterday promised a rethink of British domestic policies next year but insisted he had no plans for a Cabinet reshuffle, not even to replace Chancellor of the Exchequer Norman Lamont. Returning from a visit to Washington and Ottawa, he said
        72 words
      • Article
        BJP MPs spark uproar
        74 8 NEW DELHI India's Parliament erupted in uproar yesterday as Hindu revivalist MPs protested against a police crackdown on their activists here which prompted a senior leader to go on a symbolic hunger strike. Angry members of the Bharatiya Janata Party forced the Lower House to take
        74 words
    • Article, Illustration
      Lock icon Roh lauds polls as fairest in S Korean history
      523 8 President calls for national reconciliation AP AFP SEOUL President Roh Tae Woo yesterday said the country's voting for a new president was the fairest and calmest in South Korean history and has brought democracy a step closer to full maturity. He
      AP; AFP  -  523 words
    • Article, Illustration
      Lock icon Hyundai and ruling party seeking to mend ties
      313 8 AFP SEOUL The embattled Hyundai group of defeated presidential candidate Chung Ju Yung and South Korea's victorious majority party yesterday signalled their willingness to let bygones be bygones following last week's bruising election battle. However, President Roh Tae Woo, who will step
      AFP  -  313 words
    • Article
      Lock icon UN Iraqi commission sets claims guidelines
      297 8 Reuter GENEVA A United Nations Compensation Commission has set guidelines for claims from industries and businesses hurt by an international embargo on Iraq after it invaded Kuwait, say UN officials. The governing council of the commission, made up of all 15 members of the
      Reuter  -  297 words
    • Article
      Lock icon Washington Post defends reporter over spy charges
      448 8 NYT WASHINGTON Time magazine and I he M'ashington Post exchanged charges on Sunday over a report in Time asserting that a former Moscow bureau chief for The Tost took USSI.OOO (551.630) from the KGB and may have been co-opted by Soviet agents. The
      NYT  -  448 words
    • Article
      Lock icon Taiwan export orders surge as China trade booms
      241 8 Reuter TAIPEI Foreign orders for Taiwanese goods surged 9.5 per cent from a vear earlier to US$7.O5 billion (SSI 1.5 billion) in November. boosted by booming trade with China, the Taiwan Economics Ministry said yesterday. However, export orders slipped slightly from their
      Reuter  -  241 words
    • Article, Illustration
      Lock icon Russian PM to make Cabinet changes in spite of deal with Yeltsin
      464 8 AP MOSCOW Russia's new Prime Minister. Viktor Chernomyrdin. has pledged to keep the nucleus of President Boris Yeltsin's pro-market reform team but has hinted at some policy changes. "I would like the basis of the Gaidar team to
      AP  -  464 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      231 8 Arthur Andersen Associates Pte Ltd €j| ASIA/PACIFIC CAPITAL MARKETS W A VISION OF CHANGE An Arthur Andersen breakfast presentation on the findings of the most extensive research study to date on the future directions of Asia/Pacific capital markets. Conducted by the Financial Markets Group of Arthur Andersen in Asia/Pacific, the
      231 words
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      Page 8 Advertisements Column 2
      8 8 Analysis: A reformer, not a radical. Pg 11
      8 words
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      Page 8 Advertisements Column 3
      141 8 Set Lunch $9++ Set Dinner 13.50++ Sukiyaki Barbecue Shabu Sliabu RESTAURANT K#BE Tel: 734-6796 4ili Mr. #04-06/07 Tan&ilin Shopping Centre Airllown Kolv Keel also available J We'll f/ Take revolutionary programme that CQf fflkPS takes away 5 strokes off your regular handicap and improves f~\ your game plaving stvle. (to
      141 words
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  • INNOVATION & TECHNOLOGY
    • Infotech industry highlights '92
      • Article
        Compaq leads the way in price war
        315 9 THE price war gained momentum in February with four major US companies announcing price cuts of up to 30 per cent: Compaq Computer Corp of Houston. Texas; Apple Computers of California; Dell Computers of Austin. Texas: and Digital Equipment Coit> of Massachusetts. International
        315 words
      • Article
        IBM plant revamps, job cuts to cost US$6b
        139 9 INTERNATIONAL Business Machines Corp announced plans to take a whopping US$6 billion (Ss9.B billion) charge in the fourth quarter to cover the cost of 25.000 more job cuts next year and more plant consolidations. IBM also said it will again reduce capital
        139 words
      • Article, Illustration
        Wang's bankruptcy protection appeal
        140 9 IN August. Wang Laboratories of Massachusetts, the bulwark of the computer industry throughout the 1970'5. filed for court protection from its creditors after posting a U*****.3 million (S$ 187.18 million) loss in the fourth quarter. Chapter 11 of the US Bankruptcy Code grants a financially strapped
        140 words
      • Article
        Compaq joins the laser printer market
        114 9 THE market consensus was that Hewlett Packard led the laser printer field, but Compaq mounted a serious challenge with the launch ot a peripherals division, followed by two Pagemarq models in September. HP is the market leader with about 70 to 75 per cent
        114 words
      • Article, Illustration
        The year Intel had its day in the sun
        221 9 THIS year. Intel Corp of California won a crucial law suit against rival Advanced Micro Devices, making it the only supplier of the 486 chip until June 1993. When IBM announced its major revamp this month, Intel's stock soared. Many saw
        221 words
      • Article, Illustration
        Apple and its Newton open new industry
        132 9 JOHN SCULLEY, chief executive and chairman of Apple Computers ot California. was a storm-trooper for Personal Digital Assistants, handheld devices capable of faxing documents, storing phone numbers and uses a stylus instead of a kevboard. In May, he talked up the market with
        132 words
      • Article
        Lower prices fuel notebook market
        152 9 THE notebook market took oil like a rocket. The escalating price wars in the PC market put pressure on notebook manufacturers to deliver their machines at affordable prices, too. Design-wise, manufacturers were experimenting with more features such as a in-built mouse, a new keyboard and
        152 words
      • Article
        Pet Computer, Lingo in rocky waters
        81 9 PET Computer, one of Singapore's most successful PC makers, was served a winding up petition in October hv US disk drive maker Seagate Technology International over a bad debt. Since then, a China-based company has signed a letter of intent to buy Pet. Fellow
        81 words
      • Article
        Creative makes history — and lots of money
        165 9 Creative makes history and lots of money IT was heartening news that a Singaporean technology firm could make it big and capture two-thirds of the world market share for sound cards (used to produce stereo quality sound for IBMcompatible PCs). Creative Technology founder Sim Wong Hoo found himself a celebrity
        165 words
      • Article
        Windows outguns DOS hands down
        104 9 IN the software arena, Windows won hands down against the older, com-mand-based Disk Operating System. Windows, which looks and behaves like Apple's operating software, was based on graphical user interface, such as familiar icons for familiar functions. Microsoft ofllcials said its latest Windows software, version
        104 words
      • Article
        Microsoft under siege from the FTC
        153 9 LAST week, lawyers for the US Federal Trade Commission (FTC) made a preliminary recommendation that the agency seek an injunction to block software giant Microsoft Corp from continuing practices believed to be monopolistic. The FTC has been conducting a lengthy inquiry into the activities
        153 words
      • Article
        RSI — who gets the pain and who gains?
        113 9 RSI who gets the pain and who gains? HUGE strides were made in the consumer rights of PC users when the repetitive strain injury (RSI) made headlines as more and more PC users cpmplained of wrist and other injuries arising from the constant use of keyboards. A New Year resolution
        113 words
    • Article, Illustration
      Multimedia at the cutting edge of technology market
      542 9  -  For the information technology industry, 1992 was a year of extremes. Big names bit the dust or took their products downmarket to beat a slowing market. Niche marketers and smaller companies seemed to flourish. Claire Leow rounds up the years infotech developments
      542 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      125 9 Flexor tendinitis: vs~\ Friction in the sheath (7i,falJw/Tf- /n shrouding tendons may create pain and make /J/ movement difficult /if Carpal tunnel Tendons, blood vessels and the y median nerve pess in the wrist. Jraf/f JJ hand S we n fl /Overloaded arm ■?L m Vis "Vklk vxl fascia: P
      125 words
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      Page 9 Advertisements Column 2
      194 9 0 0 iw i 1 ■m iw p UT your trvsQ Key In Our S At the Omni Marco Polo Hotel, we'd like to take this opportunity to wish everyone a very Merry Christmas with friends and family. We hope you enjoy the merrymaking and the fun of Christmas and
      194 words
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  • Article
    Staying a people's party
    501 10 EDITORIAL ON SATURDAY, Prime Minister Goh Chok long got the unequivocal vote of eonfidenee he sought. The 72.9 per cent vote Mr Goh and his team won in the Marine Parade GRC by-election was in the face of predictions by political opponents and pundits that the
    501 words
  • WHAT THE OTHERS SAY
    • Article
      Will Pakistan settle down?
      254 10 PAKISTAN has not enjoyed stability since the late *****, when it was widely praised as a dynamic and upcoming developing country. But the socialistic populism of Mr Zulfiqar Ali Bhutto, who parted company with General Ayub Khan's system of "basic democracy", and tensions between East and
      254 words
    • Article
      Investing in the people
      107 10 ALL PRIMARY and secondary school students in Singapore will receive $50 each every year in their Edusave accounts, when the educational endowment scheme for students is launched next month. That adds up to the government giving away $17.5 million to about 352,000 students. Parents and teachers
      107 words
    • Article
      Not at Mandarin's expense
      112 10 THE Marine Parade by-election rallies saw the PAP using more dialect than did the opposition parties. Despite PM Goh's assurance that the education policies and the Speak Mandarin Campaign remain unchanged. PAP ministers and MPs will probably be using more dialect in the future. Today, when
      112 words
  • REGIONAL VIEWPOINTS
    • Article
      Ask the people now
      217 10 THE NESDB seems to have decided that producing more energy with nuclear power plants is preferable to promoting energy efficiency. In the next month or two. it will ask the government to approve the development of a nuclear infrastructure in the form of human resources and
      217 words
    • Article
      The voters' message
      181 10 IT CAME as no surprise, as the results came in last night, that the ruling party remains in power in Taiwan. But what will give cause for concern is that the KMT won only 53 percent of 9.5 million votes. It is the first time its share
      181 words
    • Article
      Don't take easy way out
      132 10 THE JUDICIOUS INTRODUCTION of the Care Centres Bill, to be tabled during the current sitting, will provide some form of checks and minimum standards in the set-ups of welfares homes, old folks homes, orphanages, nursing homes and childcare centres. These homes are supposed to provide
      132 words
  • Article, Illustration
    Lock icon Will the Time Warner family split up now?
    837 10  -  With the death of Steven J Ross on Sunday, his successor will find it tough to keep the organisation in one piece. Geraldine Fabrikant reports Geraldine Fabrikant NYT IT WAS Steven J Ross who built Warner Communications into an entertainment powerhouse, and
    NYT  -  837 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      83 10 B;", I BBS 988n9H i ->->-* ,j-r- y I' P^W^iH I I I H'Z J;'? H *&S$ V H H H r&fi* ■rjifo I H i|; H I i I H>: B B IHBS I I A SJ V I I I 1 I -9 <4tt H I YEAR'S BEST
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  • Page 10 Miscellaneous
    • Miscellaneous
      Page 10 Miscellaneous Column 1
      54 10 DOONESBURY GARRY TRUDEAU SO. JOSEPH' YSAH. INEZ? f] IT'S MB, HOME FOP. A BREAK. I'M I FACTOR tAjrih SK-KAROOS HOC' 1 JOEY... dUTTSWYCU O^WSeACR TH£ HOU&ttS* COMtU6 OFF IMY SHAPE CF THE UEGAL CHIL' A, JOEY... WHAT* PONT HAVE TO W THE HOOP ANOTHER. HON- PR£fts MARKET HAS GONE FROM
      54 words
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  • ANALYSIS
    • Article, Illustration
      Jakarta shows it means business
      1132 11  -  Bank Summa's failure and the central bank's decision to liquidate it stunned Indonesia. But valuable lessons are being learned and there are signs that the nation's financial system should emerge stronger, reports Maggie Ford from Jakarta Maggie Ford ADRIANUS Mooy, governor of the Indonesian central
      1,132 words
    • Article, Illustration
      Lock icon A reformer, not a radical
      1234 11  -  Kim Young-sam presented himself brilliantly as a blend of old and new. David E Sanger traces the man's journey to the highest office in the land David E Sanger NYT A DECADE ago, languishing under house arrest imposed by military leaders, Kim Young-sam was a
      NYT  -  1,234 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      243 11 There was such an overwhelm- bags under eyes, and the start of ing response to Bella's "Save Your the double chin look. Skin Week" Promotion last week, that Call Bella Facial right away we're now holding to confirm your free another for male execu- appointment at the tives who want
      243 words
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  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      491 12 NiAhiiUf Beats A Bud. JV^tA OF I LET OUR PENANG CHEF INTRODUCE HER NEW I RECIPES AT THE NEWLY RENOVATED PRINCESS I TERRACE CAFE THE PLACE FOR AUTHENTIC PENANG SPECIALITIES. A RENDEZVOUS FOR FINE MEALS AT CAFE PRICES. OR LIGHT SNACKS WITH GOOD FRIENDS. KING'S a member f cdl hotels
      491 words
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      Page 12 Advertisements Column 2
      328 12 WHERE TO WINE, DINE I j A. Golden Christmas at Plaza Hotel ffJF ft W v j J >, i. cfiristmiis Eve tnc occasion in style with a DinitatJOf let the romance linger longer with a Dinner Dance at Club 5. Candlelight Dinner: $60 nett per person Dinner Dance: $95
      328 words
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      Page 12 Advertisements Column 3
      293 12 Guess who's harder ffe/j Santa this Chrisims? We nerve the world to you at Top of the M C'//apfrfurp Qu^-t'jwyx-r' h tk rtfii 4 tttmn I\\ Orchard Itaed Stnfjpore 1 To *****1 i Level 4 jjf jL Pub 1 lam to 12.30 am daily ft Funcy a cold beer while
      293 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      800 12 TELEVISION AND RADIO I OrJv "in HICtrPCC SBCI2 d C,rtStart ,r mt BUSINESS ON RADIO ''d-Vl-V 111 Vlld U vdd 7.25 PM Opening followed by la- SSiUi.c, J.OO NatMNmiM). BBC, 88.9 mHz in VHF Band II W pan Business Today. 7.50 Video Hits (Stereo). 8.30 Drama Swasta (M). 7 05am
      800 words
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  • LIFESTYLE
    • Article, Illustration
      Lock icon The toy to melt a child's heart
      819 13  -  Nao Nakanishi visits the German firm that invented the Teddy Bear and where the furry toy is still meticulously hand-made today Nao Nakanishi Reuter Hula hoops, Rubik cubes, skateboards, Cabbage Patch Dolls the perennial Teddy Bear has outlived them all. Video games are
      Reuter  -  819 words
    • Article, Illustration
      DP Architects to design Singapore Arts Centre
      548 13  -  Nirmal Ghosh reports on the latest plans for the project Nirmal Ghosh THE Singapore Arts Centre project got off the ground yesterday when a local company was appointed to design the country's first monument to the arts. Robert lau, executive chairman of Singapore
      548 words
    • Article
      Rock group Queen helps spread gospel
      521 13 CHATTERBOX THE SPIRIT of the late rocker Freddie Mercury is alive and well among the congregation of an English church. Mercury, the flamboyant frontman for the group Queen, died last year of Aids. Earlier this month, some 300 people turned out for a multi-media
      521 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      261 13 AND ENTERTAIN OYSTERS AND CHABLIS For the true connoisseur, savour a premium selection of •Belon Oysters •Rock Oysters and •Fine de Claire Oysters Special set menu Half dozen Oysters, French Onion Soup and a bottle of fine Chablis at $89.00 At Hubert us Grill For dinner only 18 to 23
      261 words
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      Page 13 Advertisements Column 2
      134 13 CELEBRATE CLASSIC STYLE on 24 December 1992 at Cafe-in-the-Park A Festive Dinner Buffet With a selection of appetisers, entrees festive sweets $45 per adult $20 per child Hubert Grill A sumptuous 5-course Gala Dinner With Roast Turkey or Prime Beef entree $110 per person Unkai A sizzling Teppanyaki Set Dinner
      134 words
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  • SPORTS
    • SIDE LINES
      • Article
        Senna tries out Indy for fun
        114 14 PHOENIX Three-time Formula One world champion Ayrton Senna drove an Indy car for the first time here on Sunday, hut a spokesman for Marlboro-sponsored Roger Penske team said that the Brazilian was not about to switch circuits. Senna drove the team's Chevrolet 1992 car
        114 words
      • Article
        Els wins Goodyear
        60 14 PORT ELIZABETH, South Africa Ernie Els swept to victory in the Goodyear Classic on Sunday, his third consecutive win on South Africa's Sunshine Circuit. Els, the only player under par for all four rounds on the Homewood course, closed with a 67 for a tournament record total
        60 words
      • Article
        Sunny day for Spain
        81 14 DELRAY BEACH. Florida Spain won its seventh Sunshine Cup tennis title for boys on Sunday with a 2-0 victory over the United States in the finals. Spaniards Alberto Costa and Felix Mantilla won their two singles matches over Americans Vince Spadea (6-3, 7-5) and J J
        81 words
      • Article
        Seizinger skis to lead
        68 14 LAKE LOUISE. Canada Katja Seizinger of Germany, still wearing a brace on the knee she injured six weeks ago, won a women's alpine World Cup super-giant slalom here on Sunday to take the lead in the discipline standings. The reigning World Cup downhill champion clocked lmin
        68 words
      • Article
        Death on the slopes
        99 14 VIENNA Austrian skier Peter Wirnsberger died on Sunday in a skiing accident shortly after winning a downhill race at Altenmark-Zauchensee, near Salzburg. Wirnsberger, 24, died instantly after skiing into a wooden fence during a brief skiing outing with his girlfriend between his victory and a delayed
        99 words
      • Article
        Chinese pair beat Koreans
        65 14 LAS VEGAS, Nevada China's Olympic gold medallists Deng Yaping and Qiao Hong wound up their successful year with a victory in the women's final of the World Doubles table-tennis Cup competition on Sunday. Deng and Qiao defeated Koreans Hyun Jung Hwa and Hong Cha Ok 12-21,
        65 words
      • Article
        Wattana loses to Bond
        35 14 BANGKOK World number one Nigel Bond of England edged number seven James Wattana by 8-7 frames to emerge champion of the fourth King's Cup international snooker championship that ended early yesterday.
        35 words
    • Article
      Lock icon Eagles, Vikings, Dolphins clinch playoff berths
      370 14 AP NEW YORK Welcome back. Eagles. Vikings, Chargers, Dolphins and Oilers. Time to start asking for help. Packers and Redskins. Philadelphia and Minnesota stumbled into the playoffs on Sunday with tight victories. The Eagles (10-5) held off the defending Super Bowl champion Redskins 17-13
      AP  -  370 words
    • Article, Illustration
      Lock icon Faldo ends great year in style
      1103 14 Johnnie Walker World Championship NYT MONTEGO BAY. Jamaica Nick Faldo ended his greatest year in golf by standing tall against the irresistible force of Greg Norman's Sunday best to win the US$2.7 million (554.4 million) Johnnie Walker World Championship on the first hole of
      NYT  -  1,103 words
    • Article
      Lock icon Bowe to take on Dokes at Madison Sq Garden on Feb 6
      374 14 UPI NEW YORK Heavyweight champion Riddick Bowe will get his wish and make his first title defence in his hometown when he faces Michael Dokes on Feb 6 at Madison Square Garden. Officials from the Garden and Bowe's
      UPI  -  374 words
    • Article, Illustration
      Lock icon Pssst, did you hear what they said? Pssst, did you hear what they said?
      994 14 Reuter LONDON It was a busy sporting year in 1992. Here is how some of those involved saw it. Olympic class 'I used to be with three women until sam. Now I'm in training, it's five
      Reuter  -  994 words
  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      90 14 ENGUSH COLLEGE SINGAPORE ATTENTION "O" LEVEL HOLDERS Registration is now open for the South Australian Matriculation (SAM), o one yeorpre-university program ile commencing in February 19V3. This programme is conducted by the Secondary Assessment Board of South Australia. Su:cessfu I completion of SAM qualifies students for entry to universities in
      90 words
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  • STOCK EXCHANGE OF SINGAPORE 1
    • Article, Illustration
      Foreign buying pushes STII above 1,500
      3944 15  -  By S N Vasuki THE Singapore market was on bullish turf yesterday as strong buying by foreign institutions pushed prices up and volumes touched impressive levels. The Straits Times Industrials Index closed above the psychologically important 1.500 level and ended the day 19.69 points
      3,944 words
    • Article, Illustration
      Lock icon HOTSTOCK
      84 15  -  Paul Leo F&N Warrant at its current price of $1.72 still looks bullish. The five-day moving average line has cut the 15-day moving average line from below, which means the upward trend is likely to continue. The weekly chart's moving average lines also depict the same pattern, indicating the
      SOURCE: BRIDGE INFO  -  84 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      60 15 Singapore: THE HOUR GLASS Lucky Plaza Tel. *****20/1 Scotts Tel. *****27/7198 Centrepoint Tel. *****98/603 Peninsula Plaza Tel. *****09/*****63 Irfu. 1 JyA if Palais Renaissance Tel *****62/543 Raffles Tel *****41 Indonesia: THE HOUR GLASS (Licensee) Plaza Indonesia. Jakarta Tel. 21-*****6/*****1 Malaysia: THE HOUR GLASS Lot 10 Centre, Kuala Lumpur Tel. 03-*****20/932
      60 words
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  • Article
    STOCK EXCHANGE OF SINGAPORE 2
    3113 16 DBS Foreign 1420 +60 +4.4% DOB Foreign 895 +50 +5.9% OCBC Foreign 1270 40 3.1% SPH Foreign 1520 +40 +2.7% CAC 700 +35 +5.3% Semb Shipyard 835 25 +3.1% GE Life 1120 +20 +18% Jurong Ship 50c 795 +20 +2.6% keppel Corpn 650 +20 +3.2%
    3,113 words
  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      43 16 With over 170 million cards honoured 11 1 1 1 11 1 ll iff 111 il iI 11 llii at over 10 million establishments, Master Cad puts you easy access to cash at 300,000 bank branches ■■■KSES!™ and ATMs woddwlde. IN YOUR HANDS
      43 words
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  • Article
    STOCK EXCHANGE OF SINGAPORE 3
    3304 17 Ckorge Kent SV 290 +12 +4.3% I \IW 418 +10 +2.5% l ech Resources 10.1 *85 +9.0% Sungci Wa> 328 +8 +2.5% Berjaya tiroup 113 +6 +5.6% Berja\ a Leisure 157 16 14.0"o Ciolden Plus H 137 +6 +4 6% M1SC Foreign 452 +6 +1
    3,304 words
  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      855 17 BUSINESS TIMES Toll free Tel No 737 0043 Fax No: 734 3698 In the Matter ot The Companies Act (Chapter 50) and In the Matter of PLATINA REALTY PTE LTD (In Members Voluntary Liquidation) NOTICE Of FINAL MEETING NOTICE IS HEREBY Given that pursuant to Section 308 of the Companies
      855 words
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      Page 17 Advertisements Column 2
      327 17 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF T W WARD PLANT MACHINERY PTE LTD (In Members' Voluntary Liquidation) Special Resolutions NOTICE IS HEREBY GIVEN that at an Extraordinary General Meeting of T W Ward Plant Machinery Pte Ltd duly convened and held at
      327 words
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  • BT SHARE INFORMATION SERVICE
    • Article
      AUDITED RESULTS
      276 18 Company Date Year Group Net Net earnings Cross ann to profit/kiss per share dividend ("000) (cents) SPH Dec 21 Aug 92 $186.682($153.802) 76(626) 27(25) Asia Pacific Oet 18 Sep 92 $64,193($65 969) 50 /(52 1) 429(406) FIN Dec 18 Sep 92 $72.110($57.443) 40 9(326) 19 2(19 2) Material
      276 words
    • Article
      PRELIMINARY RESULTS
      45 18 Company Date Year Group Net Net earnings Gross ann to profit/loss per share dividend I ('000) (cents) C&C Dec 1 Sep 92 S65.010($71.942) 87(14 8) 17(17) Times Pub Nov 20 Aug 92 $24,168(535,903) 199(295) 10(10) NST Nov 16 Aug 92 M$68.894($55.298) 38(31) 20(10)
      45 words
    • Article
      INTERIM RESULTS
      239 18 Company Date Half-year Group Net Interim ann to profit/loss dividend ('000) Kim Eng Dec 1 Sep 92 7,368(53.694) M Credit Dec 1 Sep 92 $2,042L($6,249) l(-) GB HkJgs Nov 30 Sep 92 $1,825(51.108) 2.5TE(25)TE Metro Hldgs Nov 27 Sep 92 $3,661 ($1,938) PMRI Nov 27 Sep 92 M$1.257($4.868)
      239 words
    • Article
      DIVIDENDS ANNOUNCED
      714 18 Current Ex Books Date Total for Total for payment date dose payable the year last year MS8 5%(b) Jan 8 Jan 22 Jan 29 5% 121 frn* Steel 50c 121(b) Nov 19 Dec 3 Jan 2 12% 12% Amtek Er* 20c 6%TI Dec 4 Dec 10 Dec 30
      714 words
    • Article
      CORPORATE DEVELOPMENTS
      720 18 Dec 18 The shareholders of Sunshine ASed Investments have passed a resolution to buy over the entire stake of GCIC Singapore for $17.4 million. Benta Plantations Bhd plans to diversify into housing development in Penang, the company's first move into property development from its plantation activities. Dec 17
      720 words
    • Article
      APPROVED ISSUES
      371 18 Company Rights Issue Aftance Tech Three tor five (u. $100 per share bdate Dec 10 Bits Close Dec 22 Acceptance and Payment NYA Guttvie GTS One tor one (a SO 23 per share Ex-date Nov 26 Books Close Dec 8 Acceptance i Payment Jan 18 xont Em Onetor
      371 words
    • Article
      SCRIPLESS CONVERSIONS
      63 18 Conversion Special Irdg Scripless Conversion deadline Period Trading Companv starts (I DP) (ST) starts Alliance lech Jan 13 Feb 3 Jan 22 Feb 3 Feb 4 Guthrie GTS Jan 5 Jan 26 Jan 13 Jan 26 Jan 27 SIA Dec 4 Dec 31 Dcc 18 Dec 31 Jan
      63 words
    • Article
      COMPANY MEETINGS
      101 18 Tenaja Nasional Bhd: 2nd AGM at Dewan Merdeka, Putra World Trade Centre. Jalan Tun Ismail. ***** Kuala Lumpur, on Tuesday. December 22, at 9.30am Hotel Malaysia Ltd: 30th AGM at the Tudor Ballroom, Goodwood Park Hotel, Scotts Road. Singapore, on Tuesday. December 22. at 11.15am Goodwood Park Hotel
      101 words
    • Article
      MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      375 18 In Iocs! curt In S$ In L'S$ dy N >t S dy yr S d> S >t l>ec 18 Index chge chge chge chge chge chge World 395.4 1.0 -3.2 0.8 -4.8 0.6 -6.0 tEAFE 461.1 1.3 -8.2 0.8 -11.1 0.6 -12.2 Europe 426.6 1.4
      375 words
  • Article, Illustration
    Lock icon CHARTING SERVICE
    593 18 Relative Strength Index: This indicator measures the rate at which prices move up or down, and theoretically ranges between zero and 100. In practice, it normally fluctuates between 10 and 90. RSI is calculated over a specified period, say 13 days, and is derived from the formula: 100
    CHARTS BY BRIDGE  -  593 words
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  • KUALA LUMPUR STOCK EXCHANGE
    • Article, Illustration
      Lock icon Shares climb as investors position for new year rally
      5757 19 Bernama PRICES closed higher across the board yesterday as investors continued to build up positions on optimism of a sustained rally. Investors were quite confident that the rally will continue into next year with the Composite Index poised to touch the
      Bernama  -  5,757 words
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  • CHINA STOCK EXCHANGES
    • Article, Illustration
      New measures boost Shanghai A shares
      423 20 THE Shanghai market surged by 5.36 per cent yesterday to drive the CLSA Shanghai A Index to 4,868.29. Two new measures, effective yesterday, helped to lift sentiment: W share investors can now buy and sell the same batch of shares within the same day:
      423 words
  • JAKARTA STOCK EXCHANGE
    • Article, Illustration
      Lock icon Stocks close lower in thin trade
      1075 20 Reuter STOCKS dosed mostly lower in thin trade yesterday, brokers said. "It is very frustrating. I don't see any major buying orders," one broker said. Newly-listed Matahari ended at 7,950 rupiah after rising to 8.050 in the morning from its striking price of 7.150.
      Reuter  -  1,075 words
  • STOCK EXCHANGE OF THAILAND
    • Article, Illustration
      Lock icon Share prices soar as speculators return
      2221 20 Reuter STOCKS extended gains yesterday, led by steep climbs of small and medium banks and major property firms with big volumes as speculative sentiment returned to the market, brokers said. The SET Index rose 22.36 points, or 2.63 per cent, to close at 871.33
      Reuter; Source: Bridge Info  -  2,221 words
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  • TOKYO STOCK EXCHANGE
    • Article, Illustration
      Lock icon Stocks give up early gains to end mixed
      2591 21 Reuter STOCKS ended mixed yesterday, giving up earlier gains. Profit-taking after Friday's rally and dealers' posi-tion-clearing ahead of the year's end hit the market, though sentiment stayed firm after the Nikkei closed above its 200-day moving average for the first time this
      Reuter  -  2,591 words
  • STOCK EXCHANGE OF HONGKONG
    • Article, Illustration
      Lock icon Investors sidelined ahead of holidays
      2634 21 AFP SHARE prices rose moderately in quiet trading yesterday as investors stayed on the sidelines ahead of the Christmas holidays. The Hang Seng Index gained 49.82 points, or one per cent, to close the day's trading at 5,242.48. Turnover was thin, totalling HKSI.BS billion from
      AFP  -  2,634 words
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  • AUSTRALIAN STOCK EXCHANGE
    • Article, Illustration
      Lock icon Blue chip buying sends shares to 4-month high
      2038 22 Reuter STRONG buying in leading stocks pushed shares to a 16week high yesterday in the wake of major gains on overseas markets. Brokers forecast further rises in the coming days and said the market strength would filter through to smaller stocks. Blue
      Reuter; Source: Bridge Info  -  2,038 words
  • REGIONAL STOCK MARKETS
    • Seoul investors shed large-cap stocks
      • Article
        SEOUL
        841 22 STOCKS fell in moderate trading yesterday, with healthy buying of low-PER shares failing to offset investors' shedding of large-capitalisation stocks, brokers said. "There was a lot of buying of lowPERs, many of them hitting their daily limit-high. But there was also a lot of large-cap selling," said Ko Kyung
        841 words
      • Article
        TAIPEI
        486 22 THE stock market closed 2.2 per cent lower yesterday after the ruling Nationalist Party's poor performance in Saturday's parliamentary elections, but bargain-hunting lifted prices well off early lows, brokers said. The Weighted Index, which was down more than 130 points at midmorning, ended 81.90 points down at 3,576.09. Turnover
        486 words
      • Article
        MANILA
        503 22 MARKET leader Philippine Long Distance Telephone Co (PLDT) dragged the index down and other prices were stagnant yesterday, brokers said. "We saw market weakness right off and it seems for the rest of the morning the market remained quite lethargic. Trading just remained passive," said Patrick Garcia, an analyst
        503 words
      • Article
        NEW ZEALAND
        309 22 SHARES finished strongly yesterday but below highs on the back of gains in foreign share markets on Friday. The NZSE-40 Capital Index closed up 19.98 points at 1,529.12, below the session high of 1,537.21. Volume was a moderate NZ$23 million. Gains in selected leaders as usual drove the
        309 words
      • Article
        BOMBAY
        116 22 STOCK prices advanced yesterday as investors regained confidence after a wave of communal clashes earlier this month. Brokers said the Bombay Stock Exchange Index was expected to remain steady today. However, they said the political stability in the aftermath of Hindu-Mus-lim riots was still in question and brokers were
        116 words
      • Article
        INDICES & TURNOVER
        55 22 INDICES TURNOVER Close Previous IVc 21 NEW ZEALAND NZSE-40 Capital 1.529.12 1.509 14 19.98 MANILA Composite Index 1.207 48 1.***** -8.32 Turnover (mil pesos) unav 216.3 TAIPEI Weighted Price Index 3.576.09 3.***** -81.90 Turnover (NTS billion) 13.5 9 5 4.0 SEOUL Composite Stock Index ***** 663.31 -9 85 Turnover (billion
        55 words
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  • CURRENCY, MONEY & FUTURES MARKET
    • Article
      US currency closes steady in quiet Tokyo trade
      922 23 REPORTS ASIA TOKYO: The US dollar gave up early gains on day traders' position squaring yesterday to close steady in quiet Tokyo from its Friday New York closes, dealers said. "Dollar demand for commercial settlements at 0100 GMT was very strong today."
      922 words
    • Article
      Lock icon French under pressure to devalue franc or pull it out of EMS
      453 23 NYT PARIS PARIS The "franc fort", as President Francois Mitterrand's monetary baby is known, has come into being in the past five years, buttressed by balanced budgets, newly competitive industry and an inflation rate that, at 2.1 percent
      NYT  -  453 words
    • Article
      FINANCIAL FUTURES
      1424 23 SIMEX EURODOLLAR Open High Low Sett Est Vol Act/Vot Op/Int Mar 93 96.28 96 29 96.28 96.29 2700 8280 ***** Jun 93 95.82 95.84 95.82 95.84 2100 3521 ***** Sep 93 95.36 95.37 95.35 95.36 780 1329 5524 Dec 93 95.70 94.73 94.70 94.72 700 299 2461 Mar
      1,424 words
    • Article
      MONEY MARKET
      404 23 Cross rates 0^21 IJSS S$ MS Dm Yen SFr AS NZS USS 1-6390 2.5820 1.5640 123.30 0.6373 1.4070 1.4472 1.9305 SS 0.6101 1.5754 0.9542 75.2288 0.3889 0.8585 0.8830 1.1779 £(S 0.3873 0.63 0.6057 47.7537 0.2468 0.5449 0.5605 0.7477 Dm 0.6394 1.0480 1.6509 78.84 0.4075 0.8996 0.9253 1.2343 *en
      404 words
    • Article
      INTERBANK FOREX RATES
      621 23 Interbank rates Dec 21 s$ Bid Offer us$ Bid Offe r Overnight 1 -month 2-month 3-month Overnight mode: 2 1/2 2 1/4 2 1/4 2 1/4 3 1/2 2 3/4 2 3/8 2 3/8 2 3/8 7 days 1 mth 3 mth 6 mth 12 mth 3
      621 words
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  • COMMODITIES
    • Article
      Lock icon London's FOX to focus on improving existing contracts
      688 24 Reuter LONDON After five or six years ot" problems the London Futures and Options Exchange (FOX) will concentrate in the medium term on improving existing contracts rather than launching new ones, chief executive Robin Woodhead said. "We are going to focus in
      Reuter  -  688 words
    • Article
      KL tin price unchanged ahead of festive season
      758 24 REPORTS THE price of Malaysian tin remained unchanged yesterday from last Friday's close at MS 14.28 per kg in the absence of fresh buy ing support and poor enquiries from major consumers ahead of the Christmas holidays. Miners, too. were said to
      758 words
    • Article
      PRICES
      1632 24 Rubber RAS Commodity Exchange (futures closing as at 1pm) RAS (physical prices) RSS 1 Contract (S cents/kg) Buyers Sellers Close Volume Open As at 12 noon (S ccntvkg) Month High Low Sett (tonnes) Interest RSS 2 Jan 93 140.75 141 75N Jan 93 Feb ll„ r 145.75 146.00 146
      1,632 words
  • Page 24 Advertisements
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      Page 24 Advertisements Column 1
      372 24 BUSINESS TIMES Toll Irea Tel No 737 0043 -Fax No: 734 3698 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF CAMDEN IMPEX (SINGAPORE) PTE LIMITED (IN MEMBERS VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of the members ot CAMDEN IMPEX (SINGAPORE) PTE LIMITED, duly
      372 words
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  • THE TRAVEL PAGE
    • Article
      AIRCRAFT ARRIVALS AND DEPARTURES
      1298 25 CHy Flight ETA Flight ETO City Flight ETA Flight ETD Abu Dhabi GA887 1230 GA892 0100 SQ105 1050 SO 106 1045 GA893 1400 GA886 2340 MM642 1255 SO 108 1145 -xv-o SQt07 1305 MH641 1315 Q F8 1935 Qf82 2050 SO 109 1405 MH610 1415 Amsterdam
      1,298 words
    • Article, Illustration
      One last look at the Cold War
      347 25  -  LETTER FROM PANMUNJOM By Dan Biers F~| OR THOSF. who missed Checkpoint Charlie in Berlin, there's still time to get a front-row view of the Cold War before it fades completely from memory. Come to Panmunjom. You'll pass an anti-tank wall, a live
      347 words
  • Article
    FOREIGN CURRENCY NOTE RATES
    162 25 As at 10am yesterday: Ixieal dollars to one unit of foreign current Currencies Bid Offer Australian dollar 1.1278 1.1437 Canadian dollar I 2722 1.2800 NZ dollar 0 8388 0.8643 Sterling pound 2.5608 2 6000 US dollar 1.6350 1 6430 Local dollars to UN) units of foreign
    162 words
  • Article
    WORLD TRADE EXHIBITIONS
    139 25 Duration Title Venue Organiser Tel Jan 19-24 International C 'ologne. Mcsse-und (49(221/ Furniture Fair (iermanv Ausstellungv *****74 (ies.m.b.h koln Jan 20-23 British tducation Barbican FM \P Intl 07|-44)40"'47 Framing Centre. Exhibitions Ltd. 1 echnologv London London Jan 25-27 Fishing Aberdeen. T rcnton 0# 1 -680 0587 Scotland
    139 words
  • Page 25 Advertisements
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      Page 25 Advertisements Column 1
      41 25 The best Business Class to Europe? Finnair's new wide bodied MD-11 offers speed, comfort and space that s miles ahead of its competitors. Call your travel agent or 733 3377 for more details. We (now the world from start to Finnish.
      41 words
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      Page 25 Advertisements Column 2
      25 25 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 25 Advertisements Column 3
      144 25 I 1 The New Paper goes On Dec 26, The New Paper will be the only English language newspaper to be published in Singapore. And to make it a very special event, we will be giving awayl 30,000 3-D viewers. Use them to see colour pictures in 3-D. We will
      144 words
  • Page 25 Miscellaneous
    • Miscellaneous
      Page 25 Miscellaneous Column 1
      267 25 1 Untie who might lend you (10) f 6 Fight, probably rigged (4) H 9 Undergo personal partiei10 Ring starts nervous H|^ JIL—IH|—- L_ 13 Ties the rest in knots (7) 16 See me backing horse enin Derby, for exam--17 A stone's-throw? (7.8) iHh 21 Dim-sighted King in bed mm*
      267 words
    • Miscellaneous
      Page 25 Miscellaneous Column 2
      170 25 Singapore Outlook: Intermittent rain. mostl) in the afternoon and evening. Report: Maximum temperature 30.5 Assoc humidity Minimum temperature 22.9 Assoc humidity 99% Hours of sunshine 3.30 Rainfall in mm 31.0 Rainfall this month 443.5 Rainy days this month I ft World report Asia-Pacific Hi/lut* Cond. Bangkok 32/20 Clear Baling 01/-6
      170 words
    • Miscellaneous
      Page 25 Miscellaneous Column 3
      44 25 RN CiGHTtXTTfcR (JON£3 P\Re ON eiGHT LeTreß uofcD tonight ?j TMPO" mPiKj£.S TME- HGPRT u fbONO P»ND TVie PuISC. r si Qk^L £ICHT u)ORC> N I r njp*r ftßiGUTejslS BNP V —ljrkpis THe &LOOpny N 1 1 ASSOCIATED NEWSPAPERS LTD. IM2-1992 CC-P U)ftN"ltß <tHcSU
      44 words
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  • Article
    Lock icon Japan's Budget aimed at rescuing faltering economy
    506 26 Budget enough to generate 3.3 pc growth: minister Reuter AFP TOKYO Japan's Budget for the coming fiscal year will grow at its slowest pace in six years and will target projects to help pull the economy out of the doldrums. The Cabinet yesterday
    Reuter; AFP  -  506 words
  • Article
    Lock icon IMF economists see slower world growth: newspaper
    438 26 Reuter NEW YORK A deep economic slump in Europe and Japan will cause the world economy to grow far more sluggishly in 1993 than was predicted only a few months ago. according to a report to be issued by the International Monetary Fund.
    Reuter  -  438 words
  • Article
    Lock icon Taiwan stock market plunges on election result
    442 26 Reuter. AFP TAIPEI Taiwan's volatile stock market plunged 2.2 per cent yesterday after the ruling Nationalist Party suffered its worst election setback in four decades. Investors began dumping stocks in the opening minutes. fearing the main opposition Democratic Progressive Party's strong gains in
    Reuter.; AFP  -  442 words
  • Article, Illustration
    Lock icon Israeli allies stop Palestinian deportees
    383 26 Reuter ZEMRAYA, Lebanon More than 400 expelled Palestinians walked through a hail of warning shots to a crossing point leading into Israel's security /one in south Lebanon yesterday. But Israeli-backed South Lebanon Army (SLA) militiamen barred them from entering the /one through the Zemraya crossing.
    Reuter  -  383 words
  • Article, Illustration
    Hongkong in no hurry to localise civil service
    756 26  -  The Bottom Line JACKIE SAM JACKIE SAM The writer is a Hongkong-based political consultant w ho contributed this commentary- to BT. Localisation is not an issue which stirs emotions in Hongkong the way it did in other colonies in the run-up to
    756 words
  • Article
    Lock icon KL urges Jakarta to drop claim on islands
    213 26 AFP KUALA LUMPUR Malaysia yesterday asked Indonesia to drop its claim of sovereignity over two disputed islands, saying the territorial fight gave Kuala Lumpur a had image. Jakarta, which owned thousands of islands, would not suffer any loss if it abandoned its
    AFP  -  213 words
  • Article
    Lock icon Lorrain says he won't get fair trial in HK
    198 26 AP HONGKONG A former Malaysian banker who fought extradition to Hongkong for seven years in Britain told a eourt yesterday that he does not think he v\ill get a fair trial in the British colony on fraud and corruption charges. Lorrain
    AP  -  198 words
  • Article
    Lock icon Uproar over cancelled Harvard Review article
    550 26 NYT NEW YORK The Harvard Business Review has abruptly cancelled an article scheduled as its January cover story. "Why IBM Failed", and the author said on Sunday that the decision was out of fear of offending the giant computer maker. The 10.000-word article, which
    NYT  -  550 words
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  • Shipping Times
    • Article, Illustration
      Local yards on par with those in Europe, Japan
      431 27  -  By Ramesh Divyanathan SINGAPORE Singapore shipyards are approaching the standards of North European and Japanese yards and in some sectors have overtaken their more established competitors, according to C N Watson, Europe director for local conglomerate Kcppcl Corporation. Citing a study
      431 words
    • Article
      Lock icon Steering Sovcomflot forward
      649 27 Chief of Russia's biggest shipping company is confident of its future Fairplay BERNE Sovcomflot is Russia's biggest shipping company. And it is surrounded by the biggest controversies. But you would never know there was anything amiss from the urbane manner of Vadim Kornilov, chairman since August last
      Fairplay  -  649 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      878 27 Page Col ABC Containerize 12 1 Accord Group 8 1-3 APL 5 3-5 Alpha Feeders 6 I ANL 3 1/2 ASCL 5 5 Avant Shpg 6 4/5 Avia Airways 14 4 Bait Orient Line 7 4/5 Bangladesh Shpg 9 3 Bank Line, The
      878 words
    • Article, Illustration
      Lock icon Ship not expected in New Caledonia
      372 27 The Akatsuki Maru saga AFP NOUMEA A Japanese freighter carrying 1.7 tonnes of plutonium from France is not expected to enter New Caledonia's 19-kilometre offshore territorial zone, French naval officials said yesterday. "No authorisation has been requested by the Japanese ship to enter the
      AFP  -  372 words
    • Article
      Lock icon German carriers order more ships
      303 27 International Transport Journal BERNE Although, in its annual report, the German Shipowners' Association (VDR) ascertains a substantial hardening of the economic climate, in the first nine months of this year German shipowners ordered 73 ships totalling 1.4 million dwt, five times more than in the
      International Transport Journal  -  303 words
    • Article
      Lock icon EC set to freeze cuts in shipyard subsidies
      227 27 Reuter BRUSSELS The European Commission, dismayed by the failure of talks with Korea and Japan to reduce state aid to shipbuilders, is expected to demand no further cuts in aid to EC yards in 1993, Commission officials said last Friday. The officials,
      Reuter  -  227 words
    • LOG BOOK
      • Article
        CSAV marks 120th year with new service
        82 28 LONDON Compania Sud Americana de Vapores (CSAV), the Chilean national flag carrier and the oldest and largest South American shipping line, celebrated its 120 th anniversary by launching a new independent container service from the East coast of South America to northern Europe.
        82 words
      • Article
        Van Ommeren eyes ISO 9002
        92 28 SINGAPORE Van Ommeren l ank Terminal (S) Pte Ltd, the subsidiary of Dutch based storage and transport conglomerate Van Ommeren. has applied for ISO 9002 certification. ISO 9002 is generally considered to be the world's foremost quality standard for manufacturing and service organisations. The certificaton
        92 words
      • Article
        German lines fear E Europe rivals
        102 28 DUISBURG, Germany German inland shipping firms said they fear catastrophic consequences if east European competitors are allowed free access to German waterways. The industry's association, the BDB, said it was concerned that the European Commission had been empowered to negotiate a multilateral agreement with
        102 words
      • Article
        Gemini wins suit against PWA
        83 28 MONTREAL The Gemini Group said it was awarded a summary judgment by the Ontario Court for C 52.2 million (Ss2.B million) in a suit against PWA Corp's Canadian Airlines. Gemini had applied for summary judgment on Dec 7 for a total of C 54.6 million
        83 words
      • Article
        PAL suspends holiday operations
        63 28 MANILA Philippine Airlines announced yesterday it will suspend domestic operations on Christmas and New Year's Day to observe the holidays. The airline said domestic service would halt from midnight of Dec 24 and Dec 31 to midnight of Dec 25 and Jan 1. Except for suspension
        63 words
      • Article
        FTZ near Moscow airport
        68 28 MOSCOW Russian President Boris Yeltsin has signed a decree authorising the creation of a free trade zone on 400 acres of land adjacent to Moscow's main international airport, news agencies reported on Friday. The reports said the zone near Sheremetyevo airport would be a free customs
        68 words
    • Article, Illustration
      Lock icon Guangdong on the go
      1535 28 China's booming southern province gets a second wave of transport-oriented investment Lloyd's Maritime Asia CHINA'S southern province of Guangdong is experiencing the sort of phenomenal economic boom that most of the rest of the world can only dream about. Global recession notwithstanding. the region, predominantly because
      Lloyd's Maritime Asia  -  1,535 words
    • Article
      THE SHIPPING GUIDE
      12546 36 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 Pcnang after
      12,546 words
    • Article
      SHIPPING AGENTS
      3320 41 Asia-North America Eastbound Rata Agreement (Far East/North America, excludes Japan): American President Lines; Sea-Land; Neptune Orient Lines; Maersk Line; Nippon Yusen Kaisha Line; Mitsui OSK Lines; Nippon Liner system; "K" Line. Trans-Pacific Westbound Rate Agreement (North America/Far East): American President Lines; Sea-Land; Neptune Orient Lines; Maersk Line; Nippon
      3,320 words
    • Article
      COURIER SERVICES
      265 41 Abacus Couriers Tel: 545-8011. Fax 545-1898 Air Express Travel Tel: 533-5771 Fax 535-6144 Airborne Freight Corporation Tel: 542-8844 Fax: 542-3716. *****80 Airswift Worldwide Courier Tel: 278-0188 Fax: 273-8283. AJS Supplies Tel: 748-6322 (2 lines). 747-7421. Fax: 742-8975. City-Link International Tel: 344-3377. Fax: 345-6450. Cluster Link Supplies Services Tel:
      265 words
    • Article
      AIR FORWARDERS
      1468 41 Abex Express Freight Tel: 542-7171. Fax: *****84. Actinic Forwarder Tel: 225-1833. Fax: *****42. Activair Singapore Tel: 542-7822. Fax. *****20. Aerolink Freight International Tel: 545-8033. Fax: *****05. Aerospeed Tel: 542-5911. Fax: *****18. .Air Cargo Novo Express Tel: 542-5454 Fax: *****06. Air Express International Tel: 542-7666. Fax. *****74. *****50. Air
      1,468 words
    • Article
      PORT CONDITIONS
      1188 42 ALBANIA Durres: Seven vessels in port of 3 discharging general cargo, 1 chicken feed, 1 bulk wheat, 1 loaded coal vessel, 1 loaded chrome vessel waiting to sail. ANGOLA Luanda: Conditions in town and port normal. All cargo berths occupied. 3 vessels waiting with 1-2 days delay expected.
      1,188 words
    • Article
      Lock icon SHIP SALES & TANKER RATES
      774 42 SHIP SALES TANKER RATES The information was contributed by Simpson Spence Young AFP THE SCRAP market has remained very active, especially for tankers with three further VLCC deals being concluded. Following earlier unconfirmed reports during last month that the Heiwa had been sold for about U*****.50. She now seems to
      The information was contributed by Simpson Spence & Young; AFP  -  774 words
    • Article
      AIR FREIGHT SCHEDULE
      556 42 ARRIVALS DEPARTURES Op Flight Type ETA T From Op Flight I>pe ETD I To TODAY TODAY NCA KZ203 B747F 0145 1 NRT SIA SQ802 B747F 0230 2 SYD/AKL KAL KE697 B747F 0150 1 SEL NCA KZ204 B747F 0335 1 BKK/NRT JAL JL6I7 B747F 0345 I TYO KAL
      556 words
    • Article
      CRUISE & FERRY SCHEDULES
      389 42 CRUISE FERRY SCHEDULES CRUISE SHIPS Ait Pep Name of Vessel ETA h ill Ports of Calls Port Agent Telephone No DECEMBER 22 22 Delfin Star 1200 1800 S'pore-PK Ocean Trade 299-0366 22 22 Song of Flower 0800 1800 World Cruise Neptune Agencies 229-1428 22 22 Fantasy World 1000 1900 Asean
      389 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        621 43 Voy No Berth Arrival Departue Vessel Voy No Berth Amvi Departue Marina Wharves mw An 184W P04 2212/1500 2« 12 0800 Batam Mam *****2 M04 diongside 2212 0500 Ikagur. 12 92 P04 2212,1500 2312 0600 Batam Mum. *****2 MO3 alongside 22 12/2300 tsabela 47/92 P03 2212 0/00
        621 words
      • Article
        CONTAINER SCHEDULES
        1860 43 DELIVERY OF FCL IMPORT CONTAINERS IN PROGRESS SHp Voy No Containers avaiable Ship Voy Wo Containers salable Raia Bhum 36N 20.1292 0240 Kota mtar ITN104 COO(EST) 21 1292 1500 Saudi Riyadh MEA067 20.12.92 0825 Sea Glory SGY47S COO(EST) 21 1292 1500 K Jespersen 73MF92 20.1292 0840 Hy Innovator
        1,860 words
    • Article
      DAILY FREIGHTS
      336 44 THE freight and tanker markets reports were not available on Friday because of technical problems. Grain: Aristi 30.000 long tons wheat US Gulf/west coast India U5542.50 gross load/1.500 free discharge Jan 1-10 Indian Government. To-be-nominated 50,000 long tons wheat US Gulf/Aqaba U5523.40 fio five days/3.000 Jan 10-15 Union
      336 words
    • Article
      TRANSPORT DIARY
      951 44 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 II May 20 13 evenings): Principles of Shipping Documentations Practices (SDF 70%). Feb 26: 1-day Familiarisation Course on Singapore Bunkering Procedure (SDF case
      951 words
    • Article, Illustration
      Lock icon US expected to block BA-USAir deal
      825 46 Personal appeal by British PM unlikely to succeed NYT WASHINGTON Despite a personal appeal by British Prime Minister John Major to President Bush to approve a proposed alliance between British Airways and the USAir Group, both supporters and opponents of the deal said Sunday
      NYT  -  825 words
    • Article
      Lock icon Unitel oppose early end to Canada's Gemini
      421 46 Reuter OTTAWA Unitel Communications Inc said last week it may be financially hurt if a Canadian court allows the early termination of the Gemini airline reservation system as requested by airline operator PWA Corp. Unisys Canada Inc, a unit of Unisys Corp. the
      Reuter  -  421 words
    • Article
      Lock icon Bulgaria to privatise national airline
      214 46 Reuter SOFIA Bulgaria's staterun Balkan Airlines will be privatised and foreign investors will be invited to make offers for a minority stake by the end of this year, company officials say. "The marketing period of the privatisation process will begin next week ahead of a
      Reuter  -  214 words
    • Article, Illustration
      Lock icon Canada airline industry depends on ties with US
      485 46 Reuter MONTREAL Canada's two major airlines, which failed to consummate a marriage this year, will try desperately in 1993 to link up with strong US carriers so they can stay aloft in a competitive market, analysts said. Both Air Canada and PWA
      Reuter  -  485 words
    • Article
      Lock icon Daimler assures shareholders of steady dividend this year
      529 46 Reuter BONN Industrial group Daimler-Benz AG assured shareholders that they need not fear a cut in the 1992 dividend, despite declining profits. "You can assume our policy is dependent on the company's long-term trend, also during the current difficult times," Daimler management
      Reuter  -  529 words
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      Page 27 Advertisements Column 1
      39 27 Guangdong province on the go, Page 2 US expected to block British Airways-USAir deal, Back Page Lines and sendees represented by I Members of the Registry ef Accredited /fKKvJ gg&ass ,wk For advrrthlng erufuinex contact Shipping Timet Tel 740-*****740-2090.
      39 words
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      Page 27 Advertisements Column 2
      126 27 International Freight Forwarder EUROPE LCL 8c FCL Services M+R FORWARDING PTE LTD INSTANT SPACE Calling all Shippers, Freight Forwarders, Nvocc, Transport/ Warehouse Operators, End Users... Having Storage/Cargo Space Problems? We Have The Ultimate Solution!!! ISO Shipping Containers j\ in short H~l INSTANT SP/\CE Containers for Sales or Lease to suit
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      91 28 could be a controversial deal between two stock J market stars, a thought-provoking report by university researchers on the latest trans-European FOCUS zooms in on the news and issues of the day and looks at them in more depth and breadth. FOCUS is the news feature section of Business Times,
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      4275 29 OOCL (8) PTE LTD JARDINE SHIPPING AGENCIES *****11 fax MVVf/ Find out How BOOKINGS TEL: *****34 *****58/ *****40 ■amiw ~v" CFS (PSA F5) TEL: *****21/ *****79 pBAAAATI cpllprC arA PESAKA JARDINE SHIPPING AGENCIES SDN. BHD. L \SSSF A 9VIMVI 908 PORT KELANG TEL: *****18 FAX: *****91 *****88 rAArhlllff nilt fT~T~~-TTTT7T-rrrTTTrnir
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      38 29 ■bhmnshmim THE FINAL COUNTDOWN... "MAERSK YEAR END LOADER" TO USA DON'T MISS IT Vessel/Voy Mayview Maersk V 9388 ETA 31/12/92 (1600hrs) ETD 31/12/92 (2200hrs) Closing Time 31/12/92 (1200hrs) CY 31/12/92 (0400hrs) CFS For your BOOKINGS please call 228=6611
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      Page 30 Advertisements Column 1
      1535 30 AOABA R OAM' LE Mpm VOY NO S PORE JEDDAH (via JEDH S TON H BURG ANT HAVRE MONTE ROSA 22/151 24/12 9/1 12/1 10/1 1. Mi. WESTBOUND DRESOEN EXPRESS 08/351 26/12 5/1 11/1 13/1 16/1 18/1 20/1 PORT KEIANG t PCNANG KAMAKURA 26/152 31/12 16/1 19/1 17/1 CARGO TO
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      643 30 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-BATA Feeder Vessel ETA SIN VILLE DE CANOPUS 27/12 VILLE DE PROVENCE
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      Page 30 Advertisements Column 3
      1535 30 ESmm E.XSB REGULAR INDEPENDENT FULL CONTAINER SERVICE VSL/VOY SIN ALQ 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 OIDENDOftF 243W 30/12 21/01 23/01 25/01 26/01 27/01 28/01 29/01 30/01 NORASIA SINGA 9244 3 04/01 26/01 28/01 31/01 02/02
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      2011 31 10 Hoe Chiang Road #11-01 Keppol Towers Singapore 0208 Tel: *****88 Fax: *****17 accepis cmgo out saks RAiAH BROOKL V 244 Muarj. Lab 22-23 Dec 24 Dec 25 Dec SIHANTHWVIII STRAITS STAR VOIE KK. Shan. Taw 23.24 ft 26 Dec 26 Dec 27 Dec acjan P9.f* WOSII tT^TdTc SIRAIIS ttNIURE
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      Page 31 Advertisements Column 2
      1758 31 SINGAPORE AGENT: p&0 Containers (Singapore Agencies) Pte Ltd Wrm 1 i\l W Vjlill I dlllCl 9 10 Hoe Chiang Road #07-01 KEPPEL TOWERS. SINGAPORE 0208 Tei 225 2233 Telex RS ***** PNOCSP Fa* 225 5327/222 7517 W*\ CR Number **********0Z EXPORT IMPORT VESSEL VOV 'PNG 'KG SM ALO SOU ANT
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      734 32 —fc, m m laiiiiifcAr DJAKARTA V~* LLOYD INDONESIA NATIONAL LINE TO EUROPE K EXPRESS SERVICE w I sww mm mm htmkl wq«n| miwuf W'HM 33*6 122 24/12 23 1 26 i 1/2 14/2 TO AUSTRALIA EAST COAST POUTS ttl/WT m STORE STD MELB I BUR WIS WO MM/***** 21/12 23/12
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      Page 32 Advertisements Column 2
      1793 32 HANJIN SHIPPING FDR «l I SM lUK HAUL SM VCR FDR VSi SM IIM HAU SAV IIM NYC HANJM KUNSAN M2E 21 12 H 10MGMAE 097E 14/1 15/1 HANJM KUNSAN OI2E 21 12 M ASIA 0071 21,1 29/1 31/1 FISHGUARD BAY 301N 28 12 H NEWYORK 046E 21/1 22/1 FISHGUARD
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      1411 32 439 3*3 d -Irl In scr «k *«c Mt ns wi oa k< w ko ui c« w nc in m n iir nt oi w I I GIANT 050 In 20 12 20.12 30/12 4 1 S/l 7 1 0/1 10 1 11 1 22 1 1 2 5
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      1064 33 §ss We offer you a YEAR END LOADER on our SCX Service, "NEPTUNE CRYSTAL" Voyage 10E ETASGP 31st Dec 1992 ETDSGP 31st Dec 1992 ETA Los Angeles 17th Jan 1993 in 17 days Please call *****00 (Toll-Free) For your Year End Shipments NEPTUNE AGENCIES PTE LTD SINGAPORE TEU *****77 (CR
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      Page 33 Advertisements Column 2
      1187 33 I 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 EASTBOUHD-OISCHAKGMG WESTBOUND-LOADING TRANSHPPED W»
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      1660 34 *mm f AS AGENTS: KAWASAKI SINGAPORE (PTE) LTD < CR No **********0 M) U v V TEL: *****77 TELEX: KAWAKI R*****5 FAX: *****07/8/9 W W MALAYSIA: "K" LINE MARITIME (MALAYSIA) SDN BHD V M W*J TEL; sa *****00 PK *****75 PEN *****0 JB *****1 PGU *****5/6 INDONESIA: P.T. SARANA LAUT
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      Page 34 Advertisements Column 2
      1275 34 pHiu-omcNT urns ph 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.... <2Zk WE TAKE ON THE WORLD FOR YOU MEMBER OF SINGAPORE FREIGHT FORWARDERS ASSOCIATION p\JWTKAUAAWZtALMMtOUTHPACtrtC FCULCL SIEVWgI 18 DEC SYDNEY. MELBOURNE. BRISBANE. FREMANTLE 27 DEC
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      Page 35 Advertisements Column 1
      849 35 PACIFIC INTERNATIONAL LINES (PTE) LTD^ 140 Cecil Street, #03-00 PIL Building. Singapore 0106. I mM cr no <ooso6roooof I VESSEL VOV SIN HKG SIN CMB JIB HOO JED AQJ KOTA NAGA NGAOI3 23/12 28/12 4/1 5/1 10/1 KOTA WIJAYA WJAOI7 25/12 29/12 8/1 10/1 13/1 KOTA SINGA SGAOI9 7/1 12/1
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      Page 35 Advertisements Column 2
      1315 35 WEEKLY LCL SERVICE NORTH EUROPE EVERY TUESDAY FOR THE FASTEST TRANSIT TIMES IN THE TRADE CALL:BEN LINE AGENCIES (S) PTE LTD TEL: 225 3522 BOOKINGS: NOELLE TAN TS CHOW/ YEA SHYUAN OR EAC TRANSPORT AGENCIES (M) SDN BHD BOOKINGS: ANGELINE TAN SHAH ALAM TEL: *****49 001 ARK KHIANG PENANG TEL:
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      Page 35 Advertisements Column 3
      280 35 BSA TRANSPORTATION MYANMA wHflk FIVE STAR LINE (Myanmar National Line) Loading for Yangon (Rangoon) S pore P.KIf Pen P Gdt HPA-AN VIM* In Port PAGAN VI9IW 4/8 Jan HPA AN VIBSW 9/11 )*i NIGERIAN NATIONAL M SHIPPING LINE ■IP NIGERIA EXPRESS SERVICE RIVER NGADA V.50 SPORE 28Jan Lagoa 22 Feb
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      2788 38 Full Container Agents Liner Services Malaysia's cMal Putri ndonesi3 Marrtim General Agent* Booking Agents: Cuan Goan Shipping Sdn Bhd Chung Chiao Shipping Sdn Bhd h iuanda HI/14 Costar Shipping Pie Ltd Shipping rrt&t Booking Ctoirt S* Bhd 58 Persian Ra/a M„<Ja Musa Lot 3.34. 3rd Root. Pusat J764 2 Mistn
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      Page 38 Advertisements Column 2
      40 38 SPORE IBN YOUNUS OC-170 26/27 DEC To Boenavwhra/BanjniMlj/Santa Marta/Cartafena/ Santo Dorranfo Port Au Prince Pto Quetzal, Acaiutla San lorenw/Corinto/Pto Caldera MAKEDONIJA JC-266 I To Maracafco Puerto Cabefc Georce TownGuaranao la Guava'PTo Sucre 'Mataiuas Port ol Span Paramanbo/P>nama, (U<on Cmtobai/El Guamache
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      565 39 FAMOUS CONTAINER LINES —10 ANSON RD. #15-21 INTERNATIONAL PLAZA, S PORE 0207 HOT LINE: *****33 (24 LINES) LIMASSOL/PIREAUS 26/12 ROTTERDAM 26/12 HAIFA/ASHDOD/ALEXANDRIA 26/12 HAMBURG/BREMEN 26/12 MARSEILLE/FRANCE 26/12 FELIXSTOWE/UK 26/12 BARCELONA/SPAIN 26/12 LEHAVRE/ANTWERP 26/12 GENOA/ITALY 26/12 GOTHENBURG/SCANDINAVIA 26/12 LOS ANGELES/WC/IPI 26/12 SYDNEY/MELBOURNE 23/12 NEW YORK/EC 26/12 FREMANTLE/ADELAIDE 25/12 VANCOUVER 26/12 BRISBANE
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      Page 39 Advertisements Column 2
      700 39 CT3 RICHFIELD MARINE AGENCIES (S) PTE LTD Si TEL: *****33 (12 Lines) \=A FAX: *****15/*****03 |KH TELEX: RS ***** RISHIP (3 Line*) ETHIOPIAN SHIPPING LINES (National Lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL VESSEL |VOV ETA LOAOING FOfl SPORE ABB AY ttONZ 34W8 In Pt OARESSALAAM MOMBASA DJIBOUTI ASSAB MASSAWA
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      Page 39 Advertisements Column 3
      544 39 JAKARTA BANGKOK I it— [toe. m mm*L NANA BHUM 172S 23/12 20/12 G KOfINTSEV 06N Tut IN PT fri 25/12 MTI BHW 105 2S/12 29/12 MAHA BHUM 13SW Wed 23/12 Sun 27/12 55 30/12 IAKU BHUM 5g Fri 25/12 Mor 21/12 NANA HW 173S 30/12 2/1 NANTA BHUM 121H S«l
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      Page 39 Advertisements Column 4
      311 39 TCER-UnE VSL VOY SMGAPORE MADRAS SMGAPORE VtSStL HOT MM M TIGEH STAR 4CN 23-24/12 29-30/12 04-05/01 T«* SPEED 23CN 2S-29/12 03-OVOI 10-11/01 ren motor m 30-31 12 OVM/12 11-12/01 TIGER BROS ***** 04-05/01 10-12/01 17-10/01 VSL VOY SMGAPORE/CALCUTTA/SMGAPORE KSSEL DOT SH CM. SM LHOTSE 433 In ft 29-02/01 00-09/01 LA6U
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      1645 40 GROUPAGE I K~/\"] PEN ANG: (04) *****6 SIBU: (084) *****9 KUCHING: (082) *****3 v W P.KELANG: (03) *****77 JAKARTA: (21) *****32 SURABAYA: (31) *****0 I HKG/TWN/BKK GOTH/U.K/MED PORTS PEN PKL SIN PEN PK SIN 24/12 25/12 26 12 Hong Kong Ldn Fix Rdm/Ant/LHV 24/12 25/12 26/12 27/12 28/12 29/12 Hong
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      Page 40 Advertisements Column 2
      259 40 BLUE STAR LINE SINGAPORE TO AND FROM NEW ZEALAND AND PACIFIC ISLANDS SM AKI LVT SIN MIST STAR 84S 25/12 6/1 8/1 25/1 PROSPECT 22S 6/1 18/1 20/1 6/2 HZ STAR 5S 19/1 31/1 2/2 19/2 FULLY CONTAINERISED SAILINGS DISCHARGING AT AUCKLAND. LYTTELTON. ACCEPTING FCL LCL FOR NEW PLYMOUTH. NAPIER.
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      1049 40 THONG SOON LINES PTE. LTD.] 77 ROBINSON ROAD #15-00, #16-00 SIA BUILDING SINGAPORE 0106 TEL: *****88 FAX NO: *****11, *****22 TLX: RS ***** CARRIER. RS ***** JENHOL CABLE: TOSOCO I <!!6NVfeNtIONAL/CONTAINER I CONTAINER SERVICES SINGAPORE TO SARAWAK SINGAPORE TO WEST MALAYSIA VESSEL IVOY I S PORE IDEST VESSEL VOT SPOIE
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      136 42 UP. m LIVING IT EACH WEEKEND, put up your executive feet, and let us shuffle through your imagination. We usually tread lightly, but even when we don't, you'll know you're alive after that exciting, exacting or simply emaciating week of work. So don't throw in the high-flying towel, or take
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      24 42 IF YOU HAVE HAD IT MADE, GO FOR THE FINEST THINGS IN LIFE. F IND IT AT THE BACK PAGE OF THE CLASSIFIED SECTION.
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      132 43 k f is *4 V *i ScalpeL.scissors...sutures... Business Times I Whether you're a surgeon, lawyer, contractor or engineer, all the current trends that affect them. -*< Zr n ™„iv 1,6 kept WBU informed t0 maXimiSe retUrnS 011 Essential information accessible every business day J your money. through Business Times. In
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      307 44 N®T SURE WHERE PUT Y^m Get the answer in Personal Investment Finance. Every Saturday in Business Times Business Times NORTH PHILIPPINES FULL CONTAINER SERV CE VESSEL VOYAGE SINGAPORE MANILA VIGOUR SINGAPORE 43N8 25/12/92 01/01/93 FRDAYAND MONDAY VIGOUR SINGAPORE 43ANB 28/12/92 01/01/93 VIGOUR LUZON BNB 01/01/93 08/01/93 VIGOUR LUZON BANB 04/01/93
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      Page 44 Advertisements Column 2
      299 44 i. cosco UKC COWVEHTTOWAL »CRVICE VESSEL PKL PNQ P.O. LOADING FOR: A VESSEL 28/12 Rotterdam/Antwerp CHINA CONVENTIONAL BCRV>CE VESSEL PKL PNQ P.O. LOADING FOR: A VESSEL 15/01 20/01 Huangpo/ Guangzhou COSCO FUU. CONTAINER SERVICES (FCL/FCL) EXPORT TO: CHINA/BANGKOK/HONGKONG EUROPE/CONTINENTAL WEST MEDITERRANEAN AUSTRALIA US WEST COAST PERSIAN QULF/KARACHI Please relet above
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      Page 44 Advertisements Column 3
      254 44 CONTAIMER LINE ABERDEEN FELIXSTOWE WEHO.Y CONSOLIDATION WiL 4T s Inland Destinations: T. > r LONDON LIVERPOOL A .LIVERPOOL! MANCHESTER SOUTHAMPTON DUBLIN BIRMINGHAM ABERDEEN DUBLIN MANCHESTER BIRMJNGHAM FEUXSTt)WE Tel: 538 0155 4 K^ r Cv,y «-q OWENS CONTAINER UNE (S) PTC LTD SOUTHAMPTON L OON 133 New Bridge Rood #09-06 Chinotown
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  • Page 44 Miscellaneous
    • Miscellaneous
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      698 44 TODAY'S TIDES (height in metres) HOUR 0000 0100 0200 0300 0400 0500 0600 0700 0800 0900 1000 1100 1200 1300 1400 1500 1600 1700 1800 1900 2000 2100 2200 2300 2.2 It 1.5 1.3 1.3 1.4 1.7 22 2.7 3.0 30 2.1 24 19 1.3 09 06 0.5 0.5 OS
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      1087 45 I HYUNDAI I MERCHANT! WESTBOUND TO EUROPE VESSELS PNA PKE PGD SIN I RTM ANT* LEH* HAM Wit FEI SI MARINER 302* 24/12 25/12 26/12 27/12 15/1 15/1 16/1 16/1 16/1 19/1 H. EXPLORER 303* 31/12 1/1 2/1 3/1 22/1 22/1 23/1 24/1 24/1 26/1 H. CHALLENGER 302* 7/1 8/1
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      Page 45 Advertisements Column 2
      468 45 STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS INBOUND VESSELS HtSl WI 9 N MC M Utt 1111 1» fl# COSHC OUUMCU 22 21/12 2S/I2 SMSAi II 24/12 M/ 12 TUM KIAA 11 2S/I2 27 12 TIMIS MTTI 41 21/12 27/12 Ml 11/12 coatc IUSTU U 21/12 nsac mu
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      Page 45 Advertisements Column 3
      1188 45 OUR USA !Mm kom HI IM» Itiu N| SB 111 OM HOU DM SERVICE CALLS 9kw »t» a7i7" »umioi wn TrmT ijh/ii h.h ii/ti u/ai u>i "n/ti is/ai la/ai is/ai SINGAPORE aau mm »mi n,u umanot mho »m«3 iui/u i?/n »u a/w »/»i »/«i a/tin/« am DIRECT EVERY am Bk*
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      66 46 Every Saturday in Business Times I —-j I Executive Housekeeper -this hotel O w I I wants is me. But I'll never neglect I V house, baby J Any Job. any Career. Available Any Day. Any Time, anywhere. The Straits Times The Sunday Times Business Times The New Paper Li
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      Page 46 Advertisements Column 2
      68 46 Jf, I |VJ < vwl P* |\1 1 Q( II T L V ll* I I FAR EASTERN FREIGHT CONFERENCE SAB AH, BRUNEI AND SARAWAK FREIGHT CONFERENCE FAR EAST/GULF OF ADEN AND RED SEA PORTS CONFERENCE NOTICE TO SHIPPERS CURRENCY ADJUSTMENT FACTOR As a result of the 4th Quarterly review
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