The Business Times, 26 May 1992

Microfilm: NL18202
Total Pages: 50
1 50 The Business Times
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  • Title Section
    Masthead
    16 1 Business Times MITA (P) 35/12/91 Tuesday, May 26, 1992 THE BUSINESS PAPER FOR S-E ASIA 75*
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  • NEWS SUMMARY
    • Article
      EG inflation rate steady in April
      61 1 BRUSSELS Annual inflation in the European Community was 4.8 per cent last month, the same rate as March and holding nearly steady since November last year. The EC's statistics office, Eurostat, said yesterday the consumer price index rose 0.5 per cent from March to
      61 words
    • Article
      Philippine trade deficit narrows
      43 1 MANILA The Philippines' trade shortfall narrowed to US$257 million (SS4I9 million) in March from US$335 million a year earlier because of a 22 per cent rise in exports, the National Statistics Office said yesterday. February's deficit was US$32l million.
      43 words
    • Article
      Fujitec expansion
      25 1 JAPANESE lift and escalator manufacturer Fujitec is expanding in Batam and also its operations here to the tune of SsB3 million Page 2
      25 words
    • Article
      China factor
      25 1 CHINA-BACKED companies are making aggressive forays into the booming Hongkong property market for quick returns and in the process, further pushing up prices
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    • Article
      Taipei presses ahead
      30 1 TAIWAN is stepping up efforts to liberalise local financial and securities markets in an ambitious attempt to promote the island as a regional banking hub Page 8
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    • Article
      Germans head for US
      36 1 GERMAN businesses are expanding their operations into the US as a means of cutting manufacturing costs, as well as hedging against currency fluctuations and protectionist tendencies in the global marketplace Page 10
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    • Article
      Environmental crisis
      18 1 CHINA'S economic revolution is contributing to global warming faster than any other major country Page 11
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    • Article
      Rough for recruiters
      20 1 SINGAPORE'S Institute of Microelectronics is finding out that recruiting top-flight researchers is no easy task Page 16
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    • Article
      Further diversification
      40 1 REGIONAL Container Lines has further diversified its feeder and intermodal transport operations by setting up a local container freight station to distribute as well as consolidate cargo that is less than a container load. Shipping Times Page 1
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  • MARKETS SUMMARY
    • Article
      Decision today
      34 1 MALAYSIA'S Panel on Takeovers and Mergers will meet today to decide whether to approve the three takeover bids it has received for Federal Cables Wires Metal Manufacturers Bhd, sources said yesterday P*&4
      34 words
    • Article
      Nod for divestment
      28 1 CYCLE Carriage Ltd (CCL) yesterday said it has secured approval to divest part of its stake in wholly-owned subsidiary Cycle Carriage Malaysia (CCM) P*B« 4
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    • Article
      Ong MD on move again
      21 1 ONG and Co managing director Toh Thian Ser is once again on the move Page 4
      21 words
    • Article
      NTT to issue bonds
      49 1 NIPPON TELEGRAPH and Telephone Corp plans to issue domestic bonds of more than 200 billion yen (552.52 billion) and has announced that its consolidated pre-tax profit rose 16.6 per cent from a year earlier to 367 billion yen in the year to March Page 6
      49 words
    • Article
      Taiwan drafts rules
      33 1 TAIWAN has drafted a set of rules to govern future marketing of foreign bonds on the island, allowing them to be transacted in both local and foreign currencies Page 7
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    • Article
      Market holidays
      14 1 THE New York and London markets were closed for public holidays yesterday.
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    • Article, Illustration
      STOCK INDICES
      2 1
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    • Article
      CURRENCIES
      1 1
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    • Article
      COMMODITIES
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  • Article
    NWC likely to call again for lower pay rises today
    531 1  -  But bosses may not be able to keep wages down this time By Anna Teo SINGAPORE The National Wages Council, whose wage guidelines are due today, may find that pay rises cannot be kept down again this year for an
    531 words
  • Article, Illustration
    Lock icon Hang Seng shoots through 6,000 level
    182 1 Reuter HONGKONG Hongkong stocks yesterday powered through 6,000 points on the Hang Seng Index for the first time, propelled by a big interest rate cut and hot money fleeing Thailand's political crisis, brokers said. Buyers, straining at the leash since banks announced a surprise
    Reuter  -  182 words
  • Article
    Lock icon Thai Parliament a step away from elected PM amendment
    455 1 Parties locked in talks as rumours on Suchinda persist Reuter, AFP BANGKOK The Thai Parliament yesterday passed two readings of a constitutional amendment that will prevent non-elected military chiefs like ousted premier Suchinda Kraprayoon from heading governments. As demonstrators banged on
    Reuter,; AFP  -  455 words
  • Article
    Soeradjayas close to selling big part of their Astra stake
    448 1  -  By William Chia SINGAPORE Indonesia's beleaguered Soeradjaya family is close to selling a substantial part of its 76 per cent stake in PT Astra International, the country's secondlargest business group with widely diversified interests. The Soeradjayas have been hard-pressed to
    448 words
  • Article
    April's trade figures not a concern, say analysts
    545 1  -  By Kenneth James SINGAPORE Local analysts are standing firm on their optimistic reading of the economy, saying the just-released April trade figures are less damaging than they seem. The general reaction was unanimous: one month does not make a trend. The analysts
    545 words
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      161 1 ikon The World's Finest Photographic System. CONTENTS Aircraft Schedule 29 Commodities 28 Company News 4 6 Cryptic Crossword 29 Editorial 12 Financial News 7 Futures Options 27 HK Tokyo Stocks 25 Innovation Tech 16,17 Interbank Forex Rates 27 r*7 Jakarta, Bangkok Stocks 23 KLSE 22 Money Changer Rates 29 Money
      161 words
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      5 1 Hock Lock Siew, Pg 4
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      36 1 No easy answers to major issues, Pg 3 Neighbours glad situation getting better, Pg 3 Thai stocks are still vulnerable to political risk, say analysts, Pg 3 The emerging middle-class challenge in Asian societies, Pg 13
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      52 1 Nikon The World s Finest Photographic System New rubber exchange: What traders think, Pg 2 Cartier Ponthere de (a/tier artier Boutique/ SINGAPORE Palais Renaissance, #01 -03. 390 Orchard Road Tel *****93 Hilton International, #01 -04, The Shopping Gallery, 581 Orchard Road Tel *****95 Lucky Plaza, #01 -36, 304 Orchard Road
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  • PAGE 2 NEWS
    • Article
      New RAS exchange all set to kick off
      495 2  -  Many rubber dealers take wait-and-see attitude By! Shoeb Kagda SINGAPORE Many of Singapore's rubber traders are adopting a wait-and-see stance on the eve of the start of the new RAS Commodity Exchange. While some traders expressed support for the new exchange, which
      495 words
    • Article
      S-E Asia needs to produce better quality iron and steel: Boon Heng
      465 2 Even the small mills are changing their operations SINGAPORE South-east Asian nations would have to produce better quality iron and steel to meet the needs of their rapidly expanding economies, Senior Minister of State for Trade and Industry
      465 words
    • Article
      Lock icon US may allow firms to set up Viet offices in 3 months
      184 2 Reuter HONGKONG Washington could allow United States companies to set up representative offices in Vietnam in the next two or three months, and lift an embargo on trade and investment by next year, the American Chamber of Commerce
      Reuter  -  184 words
    • Article
      Fujitec plans S$83m investment in Batam, Singapore plants
      328 2  -  By Genevieve Cua SINGAPORE Unfazed by a capital crunch back home, Japanese lift and escalator manufacturer Fujitec is expanding in Batam and also its operations here to the tune of SsB3 million. The company is pumping $32 million into three factories in
      328 words
    • Article, Illustration
      Two interpretation agencies join forces
      546 2  -  KL, S'pore firms create regional network of qualified translators By Shoeb Kagda SINGAPORE With Singapore, Kuala Lumpur and Bangkok becoming more popular as convention and conference sites, the growing need for qualified professional interpreters and translators has forced at least two agencies providing these services
      546 words
    • Article, Illustration
      CEI Systems sets up venture with US network specialist
      340 2  -  By Claire Leow SINGAPORE CEI Systems Engineering, a subsidiary of Singapore Technologies Ventures, has set up a joint venture with a Californian company. The American company, Ungermann-Bass, specialises in local area networking, or integrating computing tasks within an enterprise. Some of
      340 words
    • Article, Illustration
      No easy solutions to major issues
      668 3  -  Aftermath of Thai military crackdown Coalition government, military face vexing questions From Ben Davies in BANGKOK IT TOOK 48 days of protests, brutal scenes, and a death count which some say runs into the hundreds before Prime Minister Suchinda Kraprayoon finally bowed to public
      668 words
    • Article
      Lock icon Neighbours glad situation getting better
      347 3 AFP. Reuter KUALA LUMPUR Malaysia said yesterday it hoped the resignation of unelected Thai Prime Minister Suchinda Kraprayoon would help the country get "back on its feet" after the recent turmoil. "We are happy that things have taken a turn for the better," Foreign Ministry
      AFP.; Reuter  -  347 words
    • Article, Illustration
      Chamlong's fortunes since army days show intrigues of Thai politics
      600 3  -  By Yang Razali Kassim SINGAPORE One of the central characters in Thailand's political storm, the charismatic Chamlong Srimuang, is usually described as the highly popular former governor of Bangkok. But what is not widely known outside Thailand is that the
      600 words
    • Article
      Lock icon Share prices still vulnerable to political risk, say analysts
      513 3 Reuter BANGKOK Thailand's i stock market has, so far. been largely unscathed by the do- < mestic unrest and an army i crackdown but analysts say this month's disturbances have made clear that share prices are still vulnerable to political risk
      Reuter  -  513 words
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      324 words
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      204 words
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  • COMPANY NEWS 1
    • COMPANY BRIEFS
      • Article
        Pan Malayan Holdings to buy HK property
        60 4 SINGAPORE Listed Pan Malayan Holdings Ltd, a member of the Tat Lee Bank group, is seeking shareholders' permission to buy a HKSI.3 million (*****,500) office in Hongkong from its associate company The Horn Development. A circular to shareholders yesterday said the 42.08-sq-metre office
        60 words
      • Article
        Tenaga Nasional's KLSE listing
        49 4 KUALA LUMPUR Tenaga Nasional Bhd's issued and paid-up share capital of three billion ordinary shares of MS 1 each will be listed on the Kuala Lumpur Stock Exchange main board on May 28. A KLSE statement said Tenaga would be listed under the industrial sector.
        49 words
      • Article
        Ganda Holdings makes profit
        70 4 KUALA LUMPUR Ganda Holdings Bhd announced a group pre-tax profit of M 52.55 million (551.65 million) for the six months ended March 31 from a group pre-tax loss of M 5554,000 previously. It said group turnover decreased to M 563.80 million from M 566.87 million. With
        70 words
      • Article
        Stamford Tyres director resigns
        40 4 SINGAPORE Timothy Chia Chee Ming, a director with Stamford Tyres Corporation Ltd since December 1989, has resigned from the board due to heavy business commitments in Singapore and Malaysia. The resignation took effect from May 23.
        40 words
      • Article
        Hotel Prop replies to SES
        58 4 SINGAPORE In response to a query from the Stock Exchange of Singapore, Hotel Properties Ltd said that the price of $31 million, or $498 persqft, paid for a property at No 3 Nassim Road took into account its potential as an upmarket residential development. No
        58 words
    • Article
      Rothmans hit by falling export markets, anti-smoking drives
      227 4 SINGAPORE Rothmans Industries Ltd said group operating profit totalled $33.45 million for the nine months ended March 31, 1992. A strict comparison with the previous year's figures was not possible because the company changed its accounting year. Operating profit for the full
      227 words
    • Article
      KL panel to decide on Federal Cables bids today
      667 4  -  From Leslie Lopez in KUALA LUMPUR MALAYSIA'S Panel on Takeovers and Mergers will meet today to decide whether to approve the three takeover bids it has received for Federal Cables Wires Metal Manufacturers Bhd (FCW), sources said. "At this point the
      667 words
    • Article, Illustration
      Ongco's MD Toh Thian Ser resigns
      415 4  -  By Conrad Raj SINGAPORE Ong and Co's managing director Toh Thian Ser is once again on the move. Mr Toh yesterday told staff and remisiers that he was leaving as managing director of the company at the end of the week, but did not
      415 words
    • Article
      CCL gets nod to divest part of CCM stake
      213 4 SINGAPORE Cycle Carriage Ltd (CCL) yesterday said it has secured approval to divest part of its stake in wholly-owned subsidiary Cycle Carriage Malaysia (CCM). CCL said in-principle approval has been granted by the Foreign Investment Committee of Malaysia to sell a
      213 words
    • Article
      Lock icon Gamuda may diversify later but will stick to core activities now
      296 4 Bernama KUALA LUMPUR Soon-to-be-listed Gamuda Bhd may diversify its activities to include manufacturing and property development in the future but for now, business would focus on its core activity of engineering, said managing director Lin Yun Ling. Speaking to
      Bernama  -  296 words
    • Article
      Lock icon Tronoh Mines expects current year to be eventful
      390 4 Bernama KUALA LUMPUR Min-ing-based Tronoh Mines Malaysia Bhd expects this year to be an eventful one, according to chairman Ibrahim Menudin in the company's latest annual report. He said that this was so because its Australian-based associate company, Plutonic Resources Ltd, would
      Bernama  -  390 words
    • Article
      Boomtime again in HK bourse
      565 4  -  HOCK By Catherine Ong HONGKONG The champagne was flowing again at Exchange Square, home to the Hongkong stock market which has been going great guns in recent weeks. Barely six months ago, this column predicted that the Hang Seng Index would break through the 5,000
      565 words
    • Article
      Lock icon Companies in 3 Chinese provinces can list shares
      406 5 Economists call for rules to prevent stock manipulation AP BEIJING The central government said companies in Guangdong. Fujian and Mainan provinces can begin listing their stocks on the nation's two exchanges, in Shanghai and Shenzhen. But the government warned against a mass
      AP  -  406 words
    • Article
      Lock icon Lion Nathan holders approve funding for National Brewing stake
      356 5 Reuter AUCKLAND Lion Nathan Ltd shareholders have approved by an overwhelming margin the brewer's proposal to issue a mix of junior capital stock and ordinary shares to Australian Consolidated Investments Ltd (Acil) for its 50 per cent-stake in National Brewing Holdings
      Reuter  -  356 words
    • COMPANY BRIEFS
      • Article
        Pioneer group's pre-tax falls 18.5pc to 59b yen
        90 5 TOKYO Japan's Pioneer Electronic Corp said on Friday that its consolidated pre-tax profit dropped 18.5 per cent from a year earlier to 58.7 billion yen (***** million) in the year to March. The company, the top Japanese manufacturer of audio equipment and
        90 words
      • Article
        Kumagai lowers profit forecast
        90 5 TOKYO Construction company Kumagai Gumi Co Ltd has lowered its group current profit forecast tor the year to March 31, 1992, to 24 billion yen (Ss3o2 million) from its June forecast of 35 billion yen. It has also lowered its 1991/92 group net profit forecast to
        90 words
      • Article
        Kao to set up two plants in M'sia
        69 5 TOKYO Japan's Kao Corp is to invest 2.5 billion yen (Ss3l million) in Malaysia to establish two plants for the production of soap and lubricants, a spokesman said yesterday. The major manufacturer of household goods plans to invest 1.5 billion yen to
        69 words
      • Article
        Komatsu's profit plunges 51pc
        60 5 TOKYO Japan's Komatsu Ltd said on Friday that its consolidated pre-tax profit plunged 50.7 per cent from a year earlier to 41.9 billion yen (Sss2B million) in the year to March due to a sharp decline in demand. The company, the world's second-largest construction machinery maker,
        60 words
      • Article
        Ajinomoto profit down 8.8pc
        52 5 TOKYO Japan's Ajinomoto Co said on Friday that its consolidated pre-tax profit edged down 8.8 per cent from a year earlier to 24.8 billion yen (SS3I2 million) in the year to March. The country's largest integrated food processor said revenue climbed 14.0 per cent to 677
        52 words
      • Article
        Itoman returns to the black
        65 5 TOKYO Scandal-tainted Itoman Corp said yesterday that it posted a pre-tax profit of 1.46 billion yen (SslB million) in the ycir to March, reversing a loss incurred in the previous year. The medium-scale trading house alfiliated with Sumitomo Bank attributed the better performance to brisk
        65 words
    • Article
      Lock icon Manila stocks hit record high as investors expect Ramos to win
      441 5 MARKET Reuter MANILA Philippine shares shot to a record close yesterday on growing optimism about the country's economic outlook. Brokers said that a peaceful transition of power from President Corazon Aquino to Fidel Ramos, who is leading the unofficial
      Reuter  -  441 words
    • COMPANY BRIEFS
      • Article
        Chevron sees charges from staff cuts
        71 6 SAN FRANCISCO Chevron Corp said expanded workforce reductions will likely require it to take charges against its earnings in 1992, but said the size of the charges cannot be determined yet. Chevron, which took an after-tax charge ot US$lO2 million (S$ 165.2 million) against
        71 words
      • Article
        New Renault director appointed
        87 6 PARIS The French government formally named Louis Schweitzer to replace Raymond Levy as a director of car maker Renault on Sunday, the Industry Ministry said. The nomination of Mr Schweitzer, currently Renault managing director, is expected to be followed tomorrow by his promotion to chairman of
        87 words
      • Article
        Agnelli's Ifil profit sharply higher
        67 6 TURIN, Italy The Agnelli family's industrial holding company Ifil SpA reported on Friday a sharp rise in 1991 earnings and said it bought a small stake in French hotel and catering group Accor SA. Ifil, which, together with its parent IFI SpA, controls car maker
        67 words
      • Article
        McDonald's raises dividend 8pc
        47 6 OAK BROOK, Illinois McDonald's Corp's board on Friday voted to increase the fast-food chain's quarterly dividend by 8 per cent to 10 US cents (550.16) a share. The quarterly cash dividend payout rises to 10 cents a share from 9.25 cents a share.
        47 words
      • Article
        J&J buys ICI's Savlon brands
        59 6 NEW BRUNSWICK, New Jersey Johnson Johnson said it paid an undisclosed price for the rights in oyer 70 countries to Imperial Chemical Industries pic s line of Savlon over-the-counter products. The company said the major brands in the line are cream and liquid antiseptic products
        59 words
    • Article
      Lock icon WPP shareholders want better terms in capital reconstruction
      342 6 Reuter LONDON Some of the convertible preference shareholders controlling about 80 per cent of WPP Group pic are preparing to fight for better terms in its capital reconstruction plan, sources close to the shareholders said last week. The shareholders have the power
      Reuter  -  342 words
    • Article
      Lock icon NTT plans domestic bond issue of over 200b yen
      428 6 AFP. Reuter TOKYO Nippon Telegraph and Telephone Corp (NTT) plans to issue domestic bonds of more than 200 billion yen (552.52 billion) and has announced that its consolidated pre-tax prolit rose 16.6 per cent from a year earlier to 367 billion
      AFP.; Reuter  -  428 words
    • Article
      Lock icon German steel groups Hoesch, Krupp agree on 13-for-10 share swap
      368 6 Reuter BONN German steel groups Hoesch AG and Fried Krupp AG ended months of speculation last Friday when they announced a 13-for-lO share swap to complete their merger later this year. In a joint statement, the two firms said they
      Reuter  -  368 words
    • Article, Illustration
      Lock icon New drugs to boost Sankyo's earnings
      512 6 Firm sees sales of each new drug hitting over 20b yen TOKYO New drugs will add up to healthy earnings growth at Sankyo Co, according to calculations by the second largest pharmaceutical firm in Japan. The Nikkei Weekly in a recent report said that
      Source: Nihon Keizai Shimbun  -  512 words
    • Article
      Lock icon Minolta, hurt by patent suit, suffers first loss in 26 years
      393 6 Reuter TOKYO Japan's Minolta Camera Co Ltd yesterday declared its first loss in 26 years, hurt by a multi-million-dollar settlement of a patent dispute and a saturated market for top-of-the-mar-ket cameras. As auto-focus cameras fall out of fashion, Nikon
      Reuter  -  393 words
    • Article
      Lock icon Trouble brewing for IBM over Windows and Microsoft pact
      454 6 Reuter NEW YORK International Business Machines Corp could find itself locked out of the market for personal computers that run future versions of Windows if the computer giant fails to strike a new bargain with software publisher Microsoft Corp, analysts say.
      Reuter  -  454 words
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      87 words
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      320 words
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      Page 6 Advertisements Column 2
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  • FINANCIAL NEWS
    • Article
      Lock icon Taiwan drafts rules to govern foreign bond marketing
      349 7 AFP TAIPEI Taiwan has drafted a set of rules to govern future marketing of foreign bonds on the island, allowing them to be transacted in both the local and foreign currencies, securities officials said. "We have prepared the draft rules to fit
      AFP  -  349 words
    • Article, Illustration
      Still looking to short coffee and cocoa futures
      689 7  -  THE SA^KANOL By Quak Hiang Whai The Sang Kancil weeklv column tracks the profit/loss of a US$5O,OOO live account set up by futures house Refco. Relying on both technicals and fundamentals, the account will trade in currency, interest rate, commodity and stock
      689 words
    • Article
      Lock icon Profits at Japan's trust banks fall 34pc
      739 7 Analysts expect results to worsen in 1992/1993 as bad loans eat into earnings Reuter TOKYO Japanese trust banks, hit hard by depressed property and stock prices, have posted an average 33.8-per-cent drop in parent current profits in the year to March 31, with
      Reuter  -  739 words
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  • THE REGION
    • NOTE BOOK
      • Article
        Taiwan-China trade surges in first quarter
        117 8 TAIPEI Trade between Taiwan and China through Hongkong surged 37.9 per eent from a year earlier to US$l.5 billion (552.4 billion) in the first quarter of 1992, the Board ol Foreign Trade said yesterday. Business is expected to continue expanding rapidly on the back
        117 words
      • Article
        Viet-Russian venture created
        77 8 HANOI A Russian-Vietnamese joint venture has been created to open north Vietnam's first seafood processing plant, the Shan Dan said yesterday. Called Ha Long-Prim-co, the venture groups Ha Long's tinned tish factory at Hai Phong and a fish processing plant in the Russian city ot Vladivostok which
        77 words
      • Article
        Seoul to invest in Russian oil fields
        81 8 SEOUL South Korea will invest in working oil and coal fields in Russia and may invest in developing new deposits in return for a share of the output. South Korean Energy and Resources Minister Jin Nyum told a press conference here yesterday that
        81 words
      • Article
        Manila posts payments surplus
        77 8 MANILA The Philippines' external transactions in the first two months of the year resulted in a balance of payments surplus of US$565 million (SS92I million) inclusive of debt rescheduling, the Central Bank said yesterday. For the same period in 1991, the Philippines posted a balance of
        77 words
      • Article
        Jakarta appoints PNG consul
        73 8 JAKARTA Indonesian Foreign Minister Ali Alatas yesterday appointed a military officer as the country's first consul to Vanimo in Papua New Guinea (PNG), just over the border from Indonesia's province of Irian Java. The jurisdiction of the new consul, Lieutenant-Colonel Anthony David Mahulette. will cover "all
        73 words
    • Article
      Lock icon Aquino orders crash power programme
      204 8 Reuter MANILA President Corazon Aquino yesterday ordered a crash programme to build extra power plants and curb a chronic electricity shortage in the Philippines that has caused daily power cuts of up to seven hours a day. In a statement, Mrs Aquino said she expected
      Reuter  -  204 words
    • Article, Illustration
      Lock icon China's property players making quick profits in HK
      501 8 Office, industrial lots preferred over residential South China Morning Post HONGKONG Chinabacked companies are making aggressive forays into the booming Hongkong property market for quick returns and in the process, further pushing up prices, according to local property agents. "Many properties held
      South China Morning Post  -  501 words
    • Article, Illustration
      Lock icon Ramos promises a more open foreign policy as president
      399 8 AFP MANILA Former Defence Secretary Fidel Ramos, who is leading a continuing count of votes from the May 11 presidential election, said here yesterday that his administration would have a more open foreign policy. "What we need to do now is
      AFP  -  399 words
    • Article
      Lock icon S Korea in drive to boost exports to Middle East
      328 8 AFP ABU DHABI South Korea has launched a drive to bridge a wide gap in its trade with the Gulf, where hectic competition among major industrial states erupted after last year's war. Seoul is now organising trade missions to the
      AFP  -  328 words
    • Article
      Lock icon Taipei steps up efforts to be regional banking centre
      448 8 AFP TAIPEI Taiwan is stepping up efforts to liberalise local financial and securities markets in an ambitious attempt to promote the island as a regional banking hub. The recent measures to attract foreign backing and participation are also meant to support
      AFP  -  448 words
    • Article
      Lock icon Taiwan price indices highest among industrialised nations
      257 8 AFP TAIPEI Taiwan's consumer and wholesale price indices in April surged 1.9 per cent and 0.5 per cent, respectively to make them the highest in the world among industrialised nations. economic officials said on Sunday. "Last month's growth in the consumer price index
      AFP  -  257 words
    • Article
      Lock icon Seoul launches save energy campaign to keep exports rolling
      485 8 AFP SEOUL South Korea is embarking early this year on its annual energy conservation campaign, hoping the inordinate growth in consumption of recent years will not affect its export industry "Please try to turn off your air conditioners at least one
      AFP  -  485 words
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      Page 8 Advertisements Column 1
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      154 words
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      Page 9 Advertisements Column 1
      194 9 (What leading industry consultants are saying about NCR's System3oooJ KThe type of enterprisewide platform the changing information environment requires... Dataquest, USA At NCR we've created a family of computers that recognizes the realities of business today. We know your ability to compete depends on your ability to innovate. We developed
      194 words
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  • THE WORLD 1
    • Article
      Lock icon German manufacturers moving to US to cut costs
      514 10 Shift gaining new momentum after recent strike NYT BONN Manufacturers in western Germany have long warned that the rising costs of doing business in their homeland would one day force them to set up new production plants abroad. For a growing number,
      NYT  -  514 words
    • Article
      Lock icon Protest voters desert mainstream parties in Berlin polls
      306 10 Reuter BERLIN Disgruntled citizens here dealt a fresh blow to Germany's mainstream political parties b> giving one-third of their voles in district council elections to fringe parlies of the right and left. The protest vote, aimed as much against Bonn's political deadlock
      Reuter  -  306 words
    • Article
      Lock icon Eastern Europe downturn continues: think-tank
      402 10 Reuter VIENNA The economic downturn of Eastern Europe as the region moves to market economies from central planning shows no signs ot coming to an end. a Vienna think-tank said. The pace of decline in output in Poland and Hungary should slow this year, but
      Reuter  -  402 words
    • Article
      Lock icon Plans for formation of African common market endorsed
      477 10 Reuter DAKAR, Senegal Africa's top banker talks openly of what few dared dream until now a common market stretching from Cape Town to Cairo. African Development Bank president Babacar Ndiaye believes that eventual integration of a democratic, non-racial South Africa into the
      Reuter  -  477 words
    • WORLD WATCH
      • Article
        US machine tool orders fell 9.4pc in April
        104 10 WASHINGTON Orders for US-made machine tools fell 9.4 per cent to U*****.95 million (*****.5 million) in April as the industry suffered a decline in both its export and domestic markets, a trade group said on Sunday. The April drop followed a 12.3
        104 words
      • Article
        Call to chip in
        70 10 TOKYO Japan's International Trade and Industry Minister Kozo Watanabe asked 10 major electronic makers yesterday to strengthen their efforts to purchase foreign semiconductors, officials said. In a hastily-arranged meeting, Mr Watanabe told top managers of the firms to make "prompt and positive" efforts ahead of the
        70 words
      • Article
        New York City blues
        93 10 NEW YORK New York City's economy faces a new loss of revenue and jobs as four UN agencies consider leaving the city, according to Crain's AW' York Business. An article in the weekly business newspaper's May 25 edition says three agencies the UN Development Programme, the
        93 words
      • Article
        Austrian Conservative wins
        80 10 VIENNA Conservative Thomas Klestil swept the race tor the Austrian presidency on Sunday, scoring the biggest margin of victory over his Social Democrat opponent in the country's modern history. Both men hailed the run-ofT election as a clean, non-partisan contest. But the Social Democrats smarted from their
        80 words
      • Article
        Slower growth seen for Mexico
        77 10 MEXICO CITY Mexico's economy will grow by about 3 per cent this year and not the 4 per cent targeted in the federal budget for 1992, President Carlos Salinas de Gortan said. In remarks to reporters on Friday, during a visit to the north-western state
        77 words
      • Article
        Argentina's growth forecast
        71 10 BUENOS AIRES Argentina's gross domestic product (GDP) will grow by at least 4.5 per cent a year until the end of the century, totalling over 60 per cent by the year -000. according to Planning Secretary Juan Jose Llach. In an articic written for the mass-circulation daily
        71 words
    • Article
      Lock icon West groping for better way to organise aid to CIS
      577 10 Reuter LISBON The world's rich countries conceded at the weekend that lecturing the states of the former Soviet Union on reforming their backward economies from the podium of an international conference may not be the best way to help. But
      Reuter  -  577 words
    • Article, Illustration
      Lock icon Global warming woes heating up for China
      742 11 Beijing adamant about emphasising development over conservation NY AP BEIJING China's economic revolution may be dotting the countryside with new factories and electricity plants, but it is also having an unintended effect: it is contributing to global warming faster than any other major
      NY; AP  -  742 words
    • Article
      Lock icon CIS plagued by environmental pollution problems
      529 11 AFP MOSCOW The former I Soviet Union is an environmental nightmare with pollu- i tion of every sort, including the nuclear poisoning of land and water resources from the Arctic to China and from Chernobyl to the Pacific Rim, official reports say. Members of
      AFP  -  529 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      571 10 (Incorporated in the Republic of Singapore) ANNOUNCEMENT The Directors are pleased to make the following announcement: I CONSOLIDATED AUDITED RESULTS FOR THE NINE MONTHS ENDED 31ST MARCH 1992 GROUP TURNOVER (a) Consolidated operating profit after charging (i) Interest on borrowings (ii) Depreciation (b) Investment and other income excluding extraordinary item
      571 words
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      Page 11 Advertisements Column 1
      105 11 THE NEW, IMPROVED MITSUBISHI SPACEWA6ON. WE IMPROVED NOTHING. Space, as you well know, is nothing. What you put into it, and around it, is everything. Which is why our new Mitsubishi Spacewagon transports up to 7 people (plus luggage! with such refinements as a 1.8 litre. 16-valve engine, computer-controlled ELC
      105 words
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  • Article
    The oil industry prospers
    463 12 EDITORIAL ONCE labelled a "sunset" industry, Singapore's oil industry has not only proven the doom-sayers altogether wrong but also demonstrated what resilience and fleet-footedness means. To the continuing surprise of those who believed Singapore s days as the region's oil refining centre were numbered, the industry
    463 words
  • WHAT THE OTHERS SAY
    • Article
      The majority wins
      279 12 TRYING to lay down fair guidelines on matters such as public taste and morality is notoriously difficult. The difficulty increases when the issue is how they should, or should not, be portrayed in the media. The response to the depiction of homosexual conduct in the Singapore Broadcasting
      279 words
    • Article
      Need to rebuild image
      110 12 AS SINGAPORE continues to prosper, fewer and fewer Singaporeans are willing to work in the construction industry and the problem is getting worse. Hence, a serious effort is needed to reverse the trend. The main task is to correct the perception that Singaporeans have of the
      110 words
    • Article
      Smoke out the cause
      112 12 A HEALTH MINISTRY survey has shown that between 1987 and 1991, the number of smokers increased by 3 per cent. We must seek a deeper understanding of the reasons for the increase which occurred despite aggressive anti-smoking campaigns. We should look at areas such as schools,
      112 words
  • REGIONAL VIEWPOINTS
    • Article
      Paying for the dollar peg
      214 12 IN ALMOST every country, a saver who places his money on deposit with a bank is lauded as prudent. In Hongkong, he is considered a fool. In an economic climate where a 2 per cent deposit rate is at least 7.5 per cent below inflation,
      214 words
    • Article
      Reducing the army's clout
      187 12 BEYOND amending the constitution, however, Thailand must achieve a basic shift in the expectations that for 60 years have led the military to assume it is Thailand's chief guardian of proper government. Politicians in a democracy are supposed to answer first to the people who elect
      187 words
    • Article
      Absence of clear mandate
      129 12 WHOEVER is proclaimed the next Philippine president, will have to work with the lack of an electoral mandate (an inevitable consequence of a seven-way race), a vice-president and much of the Congress who will probably be from rival parties, and will have to answer charges of
      129 words
  • Article, Illustration
    Lock icon Signs of upturn in US travel industry
    863 12  -  The US travel industry is cautiously optimistic about a recovery this year, reports Kenneth Barry Kenneth Barry Reuter WILL the USS32S billion (SSS3O billion) US travel industry bid farewell this year to the doldrums that stalled business in 1991? Industry executives and analysts
    Reuter  -  863 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      88 12 FOR SUCCESSFUL MANAGEMENT OF YOUR BUSINESS Stories on labour and its relationship with management, management concepts in practice, profiles of leading managers in Singapore and relevant book reviews. ENTERPRISE MANAGEMENT, in Business Times every Monday, is must reading for managers who want the competitive edge. Plus an occasional look at
      88 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      85 12 DOONESBURY BY GARRY TRUDEAU MAN'6O M. OF nxjmJU) CMMkVtkj tvi IH UJHAfI tfAUNb AUHLRI IOOUVAP WV MB£f Ttt wzmr OThtXGUKHMM fffiOJK) HJTIN THATKJNI? po.W a-mt' It V.7V I'P Hll HIM fOKXGbI ABOUT WASTING ttOUMtIIKM ONMUIA HI cANCjtr K.R me, ANV IN ■jftAPMAtf S.OUOIOAhft OF *&CCO£ACH TO STAKT OH PfWUV MINORITY
      85 words
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  • ANALYSIS
    • Article
      Lock icon The emerging middle-class challenge in Asian societies
      797 13  -  Will a Thai-style middle-class challenge to political authority spread to Indonesia, Malaysia or Singapore? Michael Richardson talks to several experts Michael Richardson IHT SHORTLY after armed Thai troops and democracy demonstrators clashed in Bangkok last week, officials in Jakarta put out the word
      IHT  -  797 words
    • Article, Illustration
      Shanghai wooing foreign investors
      1712 13  -  Shanghai, now competing feverishly with the upstart southern provinces of Guangdong and Fuiian for investment, is eyeing Singapore. Lee Han Snih takes a look at what the Chinese city has to offer Lee Han Shih IN THE grand scheme of foreign investment in China, Singapore has
      1,712 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      103 13 Jump the queue to Kuala Lumpur. Why stand for it.when you can hop on our 6<> W h m re hassle-free flights to Kuala Lumpur on Wednesday, comfortable seats aboard our spacious 7478 V Friday and Sunday every week. HP All of which goes to show we make the With
      103 words
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      Page 14 Advertisements Column 1
      587 14 iiiciuuiaiuuiiL piui iu »iiu ii. bfNothing BeatsAßud. OF* ORGANISE YOUR OWN KARAOKE! It's your very own Karaoke party! King's Hotel has come up with a Daily Karaoke package for groups of 10-200 people from 12 noon to 5 pm. After your Penang Buffet Lunch, the Ist round of drinks during
      587 words
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      Page 14 Advertisements Column 2
      212 14 WHERE TO WINE, DINE... The 2nd Singapore Jigsaw Puzzle Competition '92 Heats 10,17,24 &31 May and 7 14 June. Grand Final 28 June. Category A Up to 7 yrs old $12*. Category B 8 11 yrs old $12*. Category C No age limit (Team Event 2 to 4 members) $22*
      212 words
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      Page 14 Advertisements Column 3
      251 14 A TASTE OF TWO PROVINCES *SSF JIANGSU ZHEJtANG Land of Abundant* Land <>l Thnh Savour Jiangzhe Cuisine the delectable combination that's emerged out of rich Jiangsu and thrifty Zheqiang. An experience not to be missed. At Pine Court. Make your reservationsearly. IN CONJUNCTION WITH nmo Bwaw, The Jiangzhe Food Promotion
      251 words
  • Page 14 Miscellaneous
    • Miscellaneous
      Page 14 Miscellaneous Column 1
      732 14 TELEVISION AND RADIO Love is in the air OUR CHOICE Falling in Love, 10.30pm, SBC 12 Meryl Streep and Robert De Niro help to lift this unexeiting tale of two people falling in love above the ordinary. Both of them are married to different people but when they meet in
      732 words
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  • LIFESTYLE
    • Article, Illustration
      Lock icon A magical discovery
      795 15  -  Irvin Molotsky searches out the people behind the discovery of Houdini's collection ot papers on magic Irvin Molotsky NYT A PROFESSOR and a librarian have performed the astonishing act of phenomenal prestidigitation, hitherto unimaginable, right before the very eyes of startled onlookers: They have made the works
      NYT  -  795 words
    • Article, Illustration
      Lock icon Making the booksellers' list
      835 15  -  Esther Fein finds out the secret behind the success of US booksellers Esther Fein NYT Magic johnson is here, and so is I Judith Krantz and J Gen H Norman Schwarzkopf < and PJ O'Rourke and Jim- < my Carter and Stephen King. And the publishers
      NYT  -  835 words
    • Article, Illustration
      Princess Anne may soon announce engagement
      668 15 CHATTERBOX PRINCESS ANNE, the divorcee daughter of Queen Elizabeth, is about to announce her engagement to a naval officer after a secret "wedding summit" with her parents in Scotland, Britain's tabloids reported yesterday. The 41-year-old princess flew to Balmoral Castle during the weekend in
      668 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      223 15 AND ENTERTAIN The musical magic of FRANK ROBIN arrives at Ridleys. Catch their versatile act of country and western contemporary hits at happy hours. Mon to Sat 7pm to 10pm ANA HOTEL SINGAPORE all drinks at half bar price 16 Nass»™ (65) 732 1222 t WHO'S IN THE STRAWBERRY FIELD?
      223 words
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      Page 15 Advertisements Column 2
      189 15 1 ft 13. m Bwbequed Peking Duck Compliwnary Biftnaay C«*a (Boot.ng 2* Bra m »avnce) Lobster Salad wlftwli Hurt Stats Fr w Satad Cticken Port Wis (i Pineapple Chcken n 3 flawws Red Mi wfSoyi Bear Cnnfa Season Vegetable wlPaafk Clam PuTen fned noodtes Ste Cluan Pan Cake ft MAPLE
      189 words
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  • INNOVATION & TECHNOLOGY 1
    • Article, Illustration
      Singapore wooing world class researchers
      483 16  -  Ang Wan May finds out how the Institute of Microelectronics does it Ang Wan May THE rapid pace of change in the electronics industry means topflight researchers are at a premium the world over. So what chance have Asian countries got of recruiting them against
      483 words
    • Article
      Lock icon Paste and go antenna for cars, computers
      376 16 AP PEOPLE may soon be able to paste antennas on their cars and computers. Two Georgia Tech researchers have invented a type of broad-band antenna that is small and flat enough to be attached as simply as pasting on a sticker. Perhaps its
      AP  -  376 words
    • TECH TAKES
      • Article
        S'pore Poly standardises Lotus 1-2-3 applications
        94 16 SINGAPORE The Singapore Polytechnic has standardised its spreadsheet applications on Lotus 1-2-3. The polytechnic decided to make the standardisation after evaluations on a number of products in the market were made. All vendors were asked to develop prototype applications based on their products and
        94 words
      • Article
        Epson launches colour scanner
        90 16 SINGAPORE Epson Singapore has launched the GT-8000 Colour Image Scanner to be used in advertising agencies, design houses, small publishing houses and other desktop publishing users. It is designed to process and modify images quickly and accurately. It presents IBM and Macintosh computer users with up
        90 words
      • Article
        AST unveils new desktop computer
        69 16 SINGAPORE AST has launched the Power Premium 4/50 d. an upgraded desktop computer designed with advanced graphics technology. The Eisa-based system with accelerated Windows performance features Cupid-32 upgrade design and the AST FlashßlOS. It is available at a list price of U553,295 (555.371). The personal-computer
        69 words
      • Article
        IMI appoints S'pore distributor
        51 16 SINGAPORE IMI Electronics Pte Ltd has appointed Informatics Technology System (IT&S) Pte Ltd as the Singapore distributor for its range of IMI 286. 386 and 486 personal computers and notebooks. IT&S is the newlvcstablished trading subsidiary of Informatics, a network of computer training schools throughout the
        51 words
    • Article, Illustration
      Computerised test to gauge English language proficiency
      582 17  -  Ang Wan May talks to the team behind it Ang Wan May A COMPUTERISED English language test has been created here which describes in detail the strengths and weaknesses of candidates who sit for it. The test, which is the brainchild of Ngee
      582 words
    • Article
      Test restores faith in English language examinations
      366 17 Although grades are usually an accurate reflection of a person's ability, in the case of language, at least, they are not a foolproof indication. This has always been my attitude towards English language examinations, and throughout my academic life I have come to
      366 words
    • Article
      Lock icon Robots help Brazilian oil firm drill even deeper
      561 17 Technique a breakthrough in deep-sea drilling FT WE GO where no one dares, boasts an engineer from the deep-sea drilling team of Petrobras, Brazil's state oil monopoly. At 625 metres, the company's Platform XIII in the Marlim oilfield, located off the coast
      FT  -  561 words
  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      142 16 SO YOU THINK YOU'RE TOO SMALL FOR NUCLEUS? Never before has a range of key phones, PABXs and faxes slipped so comfortably into small businesses. v your business incredibly efficient. Systems, even though the most advanced, that are also the most competitively priced. Especially businesses who will appreciate the importance
      142 words
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  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      212 17 EVERY PASSENGER GETS THE BEST SEAT IN THE HOUSE. S ft Tti*lf Because we are fitting a personal video set to every seat in all three classes on our Airbus aircraft. You'll be able to choose from up to six movies, and four Emirates Television channels covering sport, current affairs,
      212 words
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  • SPORTS
    • SIDE LINES
      • Article
        Gutsu dominates gymnastics meet
        85 18 NANTES, France Tatiana Gutsu of Ukraine dominated the women's European Gymnastics Championships by taking the all-around title and two of the four individual apparatus crowns on Sunday. Gutsu, a 16-year-old Irom Odessa, was competing for her native republic in the championships as Ukraine. Belarus and Russia
        85 words
      • Article
        Frazier in good form
        66 18 LUCERNE. Switzerland Second-seeded Amy Frazier of the US defeated third-seeded Radka Zrubakova of Czechoslovakia 6-4, 4-6. 7-5 to win the US$l5O,OOO European Open tennis tournament on Sunday. Frazier. a hard-court specialist competing on clay for the first time in two years, needed 2 1/4 hours to
        66 words
      • Article
        Seles makes waves
        124 18 PARIS Monica Seles has made a major change before the French Open this year. Not in her game, but her hair. Like Madonna, her pop star idol. Seles seems to change her "look with her moods. She showed up for a news conference at Roland Garros on
        124 words
      • Article
        A fiery aim needed
        54 18 BARCELONA When the 1992 Summer Games open on July 25. an archer is scheduled to light the Olympic flame. He will shoot from a stage and the fiery arrow is to ignite a gas burner that will feed the flame throughout the Games. If he misses,
        54 words
      • Article
        Pressure is on
        82 18 FORT LAUDERDALE, Florida World record holder Martin Zubcro of Spain is beginning to teel the spotlight that goes with being an Olvmpic gold medal hopeful and a national hero. Zubero's performance at the Alamo Challenge swimming competition is not likely to dim the light. On Sunday night,
        82 words
      • Article
        Down Under looking up
        105 18 SYDNEY Kieren Perkins has grabbed the headlines with a string of world records but Australian swimming officials are confident he will not be their only golden shot at the Barcelona Olympics. In the past few years, Australia has undergone a quiet revolution in swimming and moved
        105 words
    • Article, Illustration
      Lock icon Unser Jr wins Indy 500 in closest ever finish
      460 18 Reuter INDIANAPOLIS A 1 Unser Jr outduelled Canadian Scott Goodyear in the final 10 laps to win the crash-filled 76th Indianapolis 500 on Sunday in the closest finish in race history. The two drivers came roaring down the track towards the
      Reuter  -  460 words
    • Article, Illustration
      Lock icon Lietzke birdies first play-off to win Texas tournament
      611 18 Reuter, AP FORT WORTH, Texas i Bruce Lietzke birdied the first play-off hole to win the < US$l.3 million Colonial men's golf tournament on J Sunday and then promptly reaffirmed his decision to I skip this year's US and British Open events.
      Reuter,; AP  -  611 words
    • Article, Illustration
      Lock icon Familiar names win top events ahead of Olympics
      587 18 AFP NEW YORK Said Aouita. Carl Lewis, Leroy Burrell and Jackie Joyncr-Kersee were familiar names among the winners on Sunday as the wind disrupted the New York Games Grand Prix Athletics Meeting. Lewis, competing in his first outdoor long jump of the
      AFP  -  587 words
    • Article
      Lock icon Courier leads powerful US team in French Open
      254 18 AP PARIS It's still the French Open, but the accent this year is heavily American. Not only is Jim Courier the solid favourite for a title American men long found unwinnable, but the United States is supplying the most players, the most
      AP  -  254 words
  • Page 18 Advertisements
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      Page 18 Advertisements Column 1
      75 18 The untold story of Carina Lau She was the joke of her drama class She couldn't act Couldn't speak Cantonese well Couldn't dress up Couldn't even convince her literary parents that she wanted to act But today, Carina Lau is one of Hongkong's top actresses And she has that glow
      75 words
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  • STOCK EXCHANGE OF SINGAPORE 1
    • Article, Illustration
      Market overshadowed by activity in Hongkong
      703 19  -  By Quak Hiang Whai THE Singapore market, still lacking the buying strength of institutional and foreign investors, languished for most of the day yesterday. But gains in the final hour pushed the Straits Times Industrials Index up 4.23 points to tinish at 1,470.95. Broker
      703 words
    • Article, Illustration
      Lock icon HOT STOCK
      77 19  -  By i Chew Eng Han Comment \1CB is a long-term buy, but is due for a short-term correction after an impressive rally over the past six weeks. With 13-day RSI at 80 and weekly stochastics near 100, a pullback to the 95-cent level is possible. If 95 cents
      Source: Bridge Info  -  77 words
    • Article
      Untitled
      2973 19 MAIN BOARD Gr*s Gr's 1 1 1992 Tel C'uit last Vol Day last Quote Di> Div YTd Net M Cap High Low Code Company Traded Sale OTC000) High Ijtw Buyer Seller S CVr K/r. >mn lyniKTMAl AND COMMERCIAL 1 220 170 1000 Acma 183 cd 1 1 183 183 182
      2,973 words
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  • Article
    STOCK EXCHANGE OF SINGAPORE 2
    1028 20 MAIN BOARD BONDS, LOAN 1992 Hish 1 Low 5 WAKKANO Tmt Curr lost Vol Day Ij»t Quote Rate Gr's YTd I Code Company Traded Sale OT(*000) High Ijow Buyer Seller (%> <%> 1 1 1 61 59 12 8 386 266 X 88 83Vj 27'/*
    1,028 words
  • Page 20 Advertisements
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  • Article
    STOCK EXCHANGE OF SINGAPORE 3
    1881 21 1 ri OR INTERNATIONAL 1992 Tel Cutt last High Low Code Company Traded Sale Vol Day last Quote Div Di* VTd Net MCap hor- C000) High Low Buyer Seller S Cw S P /E fti E DO IT K n 66 292 GIL USS0.10 US
    1,881 words
  • Page 21 Advertisements
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      Page 21 Advertisements Column 1
      118 21 Join the Chinese newspapers in their rThe Chinese newspapers in Singapore have come of age. All the three Chinese dailies will be celebrating with their own special features highlighting their past successes and future directions. m am w?; 'is&VAs an advertiser, you are invited to take part in the TRIPLE
      118 words
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  • KUALA LUMPUR STOCK EXCHANGE
    • Article, Illustration
      Lock icon Shares close slightly lower in thin trading
      439 22 Major investors waiting for Tenaga Nasional's debut Bernama SHARE prices ended lower in Kuala Lumpur yesterday as major investors preferred the sidelines. While they await the listing of Tenaga Nasional on Thursday, retail players took to the floor. In thin trading, the K.LSE
      Bernama  -  439 words
    • Article
      Untitled
      34 22 rppkin Adjusted for new issues: Par value $1 unless otherwise specified; P/E LDJCNU ratios are not adjusted for currently differences; For computerised price quotation on ready market, call 166 for information on StocWine Service.
      34 words
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  • STOCK EXCHANGE OF THAILAND
    • Article, Illustration
      Lock icon Share prices rally after Suchinda resigns
      156 23 Reuter SHARK prices on the Bangkok stock market rallied on a broad front after Prime Minister Suchinda Kraprayoon resigned and tension from a week of military crackdown on prodemocracy protesters eased, brokers said. The SET Index gained 23.91 points, or 3.3 per cent, to
      Reuter; Source: Bridge Info  -  156 words
  • JAKARTA STOCK EXCHANGE
    • Article, Illustration
      Lock icon Stocks close barely changed in active trade
      110 23 JAKARTA stock prices barely changed in active trading yesterday, with the total turnover jumping to 8.23 million shares from the previous session's 4.16 million. The official index ended at 295.46, compared with the previous 295.47. "There was no major movement actually. The people
      Source: Bridge Info  -  110 words
  • Page 23 Advertisements
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      Page 23 Advertisements Column 1
      17 23 Find out how sellers reach out to buyers in Advertising and Marketing. Every Thursday in Business Times.
      17 words
    • Advertisement
      Page 23 Advertisements Column 2
      90 23 r- FOR SUCCESSFUL MANAGEMENT OF YOUR BUSINESS Cxo^ Stories on labour and its relationship with management, management concepts in practice, profiles of leading managers in Singapore and relevant book reviews. ENTERPRISE MANAGEMENT, in Business Times every Monday, is must reading for managers who want the competitive edge. Plus an occasional
      90 words
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  • BT SHARE INFORMATION SERVICE
    • Article
      AUDITED RESULTS
      2 24
      2 words
    • Article
      PRELIMINARY RESULTS
      2 24
      2 words
    • Article
      INTERIM RESULTS
      143 24 Figures in brackets are for the previous corresponding period I: loss, IE: Tai Eiempted. Net NY*: Not Yet Available, (a): Adjusted tor scrip issues (b): In million Dutch Florins, (c): P'oM after tax, (d): In million HKS. Company's profit. (0: rn.ll.on yen, (f): Profit after to minority interests,
      143 words
    • Article
      CORPORATE DEVELOPMENTS
      236 24 May 20 Haw Par Brothers International Ltd has set up a representative office in Shanghai to oversee its activities in China. May 19 GRP Ltd, a specialist in the supply of marine and industrial hoses, launched its initial public issue of 12m 20-cent shares at 43 cents apiece
      236 words
    • Article
      DIVIDENDS ANNOUNCED
      131 24 AJ shares quoted haw a par value of $1 unless otherwise specified NYA Not Yet Avafabie. W Interest I Interim. N Net TE Ta* Exempt S Spec* (Mend, (a) Masted tor scnp issue, (b) first and Final, (c) includes 4* special diwJend. (d) includes 6% special di*dend. (e)
      131 words
    • Article
      APPROVED ISSUES
      2 24
      2 words
    • Article
      PROPOSED ISSUES
      2 24
      2 words
    • Article
      COMPANY MEETINGS
      90 24 HSBC Hotdnfs pk: AGM at Level 18, 1 Queen s Road Central, Hong Kong, on Tuesdav May 26. at 3pm Hm Lwn, Fiuoce Lit 27th AGM at 16 Raffles Qua* #26-00. Hong Leong Building Singapore 0104. on Tuesday. May 26. at 11.30 am Stigapore Fnwce Ltd: 32nd AGM
      90 words
    • Article
      SCRIPLESS CONVERSIONS
      2 24
      2 words
    • Article
      MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      68 24 Above art pric* trend* en the world'* major stock markets at catenated by Morgan Stan toy Capital International Perspective, Geneva. Indices marked wrth a an take* from a hate et 100 at Mm beginning of IMS. The otkor Mice* ar* take* froia a bate of
      68 words
  • Page 24 Advertisements
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      Page 24 Advertisements Column 1
      132 24 We know you'll spot the two queen size beds in each newly renovated room. (And if there's space for two beds, there must be more room for room too. Well there is.) And outside? Two pools. A business centre. The Cafe Carousel and Mischief Lounge plus restaurants offering exotic Japanese
      132 words
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  • TOKYO STOCK EXCHANGE
    • Article, Illustration
      Lock icon Buyers nudge listless market higher
      2309 25 Reuter TOKYO stocks closed at their day's highs yesterday, boosted by bargain-hunting among incentive-backed issues and small-lot buying, brokers said. But, with investors' attention still diverted by corporate results announcements and major overseas markets closed for a holiday, trade was listless. "Prices are up because
      Reuter  -  2,309 words
  • STOCK EXCHANGE OF HONGKONG
    • Article, Illustration
      Lock icon Index hits record, but ends below 6,000
      2559 25 Reuter HONGKONG stocks shot to a record closing high yesterday on an unexpected interest rate cut last Friday and a flood of overseas hot money. But it was still below the 6,000-mark barrier broken in the morning. The blue-chip Hang Seng Index rocketed
      Reuter  -  2,559 words
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  • AUSTRALIAN STOCK EXCHANGE
    • Article, Illustration
      Lock icon Stocks close weaker in featureless trade
      1755 26 Reuter THE Australian share market elosed marginally lower yesterday in featureless trade and without direetion from overseas. The market was in positive territory for most of the day, but fell back in afternoon trade following a selldown in the futures market. The All Ordinaries
      Reuter; Source: Bridge Info  -  1,755 words
  • REGIONAL STOCK MARKETS
    • Philippine prices at new high as confidence surges
      • Article
        MANILA
        235 26 SHARE prices in the Philippines closed at a record high yesterday on surging confidence over the anticipated victory of former defence chief Fidel Ramos in the country's presidential elections, brokers said. Optimism over the economic outlook rose as investors expected a peaceful transition of power from President Corazon Aquino
        235 words
      • Article
        TAIPEI
        196 26 TAIWAN share prices wavered narrow ly and closed mixed yesterday amid profit-taking after last week's sharp gains. But brokers said buying at the lows supported the market and big falls were unlikely in coming days. The weighted index ended 3.26 points lower at 4,634.33, after hitting an intra-day low
        196 words
      • Article
        SEOUL
        203 26 ACROSS-THE-BOARD profit-taking yesterday took a toll in the Seoul stock market which was already laid low by depressed sentiment in weak trading, brokers said. "There was profit-taking not only in large-cap shares but it spread also to low priced/low PER shares, which saw recent sharp rises," Nam Ki Yul
        203 words
      • Article
        Untitled
        0 26
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  • CURRENCY, MONEY & FUTURES MARKETS
    • Article
      US dollar ends steady to lower in quiet Tokyo trading
      709 27 REPORTS THE US DOLLAR ended easier against the yen and barely changed against the Deutschemark in Tokyo yesterday after extremely quiet trade ahead of the market closures in New York and London, dealers said. "The trade was mostly dominated by
      709 words
    • Article
      MONEY MARKET
      42 27 Source: UOB Source: Astley Pearce OCBC Exchange Rate Index May 25 The OCBC trade-weighted index for the Singapore dollar was unchanged from Friday at 136.43 The index is calculated against the currencies of Singapore's top 12 trading partners. Source: OCBC
      42 words
    • Article
      INTERBANK FOREX RATES
      40 27 Rates quoted by Astley Pearce Rates quoted by NatWest Sole Based on latest issues Source: The Monetary Authority of Singapore Central bank discount rates Average of 12 banks. Float Source: National Westminster Bank Source: National Westminster Bank
      40 words
    • Article
      Lock icon Forex dealers prefer short-dated options
      412 27 New tool gives quick response to market positions Reuter NEW YORK Short-dated options on currency futures on the Chicago Mercantile Exchange offer an efficient complement to over-the-counter options, forex dealers have pointed out. An informal canvassing of over-the-counter dealers last week showed that while few
      Reuter  -  412 words
    • Article
      FINANCIAL FUTURES
      591 27 Note: Open interest and actual volume are for previous day trading. Source: Singapore International Monetary Exchange May 25 Sep 92 calls Sep 92 puts High Low Sett High Low Sett 9 9 99< 9 9 9 9 225 345 175 295 $50 119B 122 2 *75 96B 97
      591 words
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      Page 27 Advertisements Column 1
      95 27 The London market was closed for the Spring Holiday FOR SUCCESSFUL MANAGEMEN OF YOUR BUSINESS Stories on labour and its relationship with management, management concepts in practice, profiles of leading managers in Singapore and relevant book reviews. ENTERPRISE MANAGEMENT, in Business Times every Monday, is must reading for managers who
      95 words
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      Page 27 Advertisements Column 2
      7 27 Advertising Marketing in Business Times every Thursday
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  • COMMODITIES
    • Article
      Lock icon Asia seen leading expansion of LNG market
      425 28 Reuter KUALA LUMPUR Asia will spearhead the expansion of the world's liquefied natural gas (LNG) market as production rises sharply to meet needs of economies switching to more environment-friend-ly fuel, industry officials said. "The world LNG market could double or even triple in
      Reuter  -  425 words
    • Article
      Lock icon Coffee producers confident meeting will lead to new pact
      269 28 Reuter LONDON Key coffee producers are in a confident mood prior to a meeting in London tomorrow which they hope will take a sizeable step towards a new economic coffee pact. "There is a lot of expectation on the part of
      Reuter  -  269 words
    • Article
      Tin closes unchanged as operators stay on sidelines
      866 28 REPORTS THE PRICE of tin finished unchanged yesterday from last Friday's close at M$ 15.40 per kg on the Kuala Lumpur Tin Market. Dealers said uncertainty over the market outlook following the closure of the London Metal Exchange for a bank holiday
      866 words
  • Article
    PRICES
    5 28 Source: UOB Source: Telerate
    5 words
  • Page 28 Advertisements
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      Page 28 Advertisements Column 1
      647 28 BUSINESS TIMES Singapore Electronic Engineering Limited «"'a Singapore Technologies Industrial NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the Twenty-Third Annual General Meeting of the Company will be held at the Theatrette, sth floor of its Registered Office at 24 Ang Mo Kio Street 65 Industrial 111 Singapore
      647 words
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      Page 28 Advertisements Column 2
      6 28 Innovation Technology in BT every Tuesday
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  • Article
    AIRCRAFT ARRIVALS AND DEPARTURES
    1163 29 City Flight ETA Flight ETD C Abu Dhabi GA893 1345 GA974 0005 II SQ228 2025 QF82 2205 Amsterdam KL837 GA893 SQ323 1255 1345 1815 SQ24 GA892 KL838 0115 0250 2240 E3M SQ348 2300 Auckland NZ35 1550 SQ285 NZ36 2115 2355 GA525/910 1755 Bandar Sari Bagawan BI421
    1,163 words
  • THE TRAVEL PAGE
  • Page 29 Advertisements
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      Page 29 Advertisements Column 1
      38 29 What's theprice for a united Europe? Exactly the same when you fly to any one of Finnair's 35 European destinations. Check with your travel agent or call *****77 for more details. We know Europe from atari to Finniah
      38 words
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      Page 29 Advertisements Column 2
      8 29 Innovation and Technology in Business Times on Tuesday
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      Page 29 Advertisements Column 3
      244 29 BUSI N E S S TIMES NOTICE Please note that from the 16th day of May, 1992 Mr Wong Kim Chan also known as K.C. Wong (NRIC NO. *****37/B) is no longer with our Company. He is therefore no longer authorised to transact any business in any capacity on behalf
      244 words
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      Page 29 Advertisements Column 4
      242 29 THE COMPANIES ACT, CAP. M MAR LUNA (S) PTE LTD (la Llquktattoa) Alifiwil meeting of MARLUNA(S) PTE LTD daly convened aid held an the 21 si day of May, 1992 the fallow fag SPECIAL RESOLUTION That the Company be esnd ap vol urtarilypaisasrt to section29o(lXb) of the Corrpenies Act, Cap.
      242 words
  • Page 29 Miscellaneous
    • Miscellaneous
      Page 29 Miscellaneous Column 1
      241 29 CRYPTIC CROSSWORD ACROSS 7 Cop in male form (9) 8 Well salted (5) 10 Stop in front of a humble dwelling (8) 11 12 13 IS 17 20 22 25 People enter for this sort of sport (6) Can make a move (4) Bird dog gets drunk (8) Kind of
      241 words
    • Miscellaneous
      Page 29 Miscellaneous Column 2
      45 29 WEATHER Singapore Outlook: Showers over several areas in the late morning and afternoon. Report Maximum temperature 31.9 Assoc humidity 69% Minimum temperature 25.0 Assoc humidity 95% Hours of sunshine 3.15 Rainfall in mm 0.6 Rainfall this month 53.5 Rainy days this month 10 World forecast
      45 words
    • Miscellaneous
      Page 29 Miscellaneous Column 3
      30 29 FOR Peres swee X PS3OUT U NpT NOLO--54 \5 (3 8662 I? vou see rrn on -me bqil^) ScKiOßUi.' set ©sue.' scR isste/ V mm V ASSOCIATED NEWSPAPERS LTO 1962-1992
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  • Article, Illustration
    Lock icon Uruguay Round close to missing target date
    499 30 Gatt chiefs warning comes as EC, US get ready for more talks Reuter, AFP ST GALLEN, Switzerland General Agreement on Tariffs and Trade director-gener-al Arthur Dunkel said negotiations in the Uruguay Round were dangerously close to missing the target date of conclusion at
    Reuter,; AFP  -  499 words
  • Article
    Lock icon Strong growth in W German GDP seen
    335 30 Reuter BONN West Germany's gross domestic product (GDP) rose by between 2.5 and 3 per cent in the first quarter of this year compared with the same period last year, Economics Minister Juergen Moellemann said yesterday. Bundesbank vice-president Hans Tietmeyer said Germany's public
    Reuter  -  335 words
  • Article
    Lock icon US likely to extend China's trade privileges this year
    236 30 Reuter HONGKONG The United States is likely to renew China's Most Favoured Nation (MFN) trade status without conditions this year but by a very narrow margin, the American Chamber of Commerce in Hongkong said yesterday. "We do believe that President (George)
    Reuter  -  236 words
  • Article, Illustration
    Fears of Fortress Europe may be unfounded
    616 30  -  The Bottom Line JACQUES PELKMANS JACQUES PELKMANS The writer is senior research fellow with the Centre for European Policy, Brussels, and director of his own business, Euroscope (Maastricht) WHILE in Singapore recently, I met officials of a business association whose members export their
    616 words
  • Article
    Indonesia's PDI gets big support at party rallies
    397 30  -  From Maggie Ford in JAKARTA SUPPORT for the Indonesian Democratic Party (PDI) appears to be growing in the run-up to parliamentary elections on June 9, with massive crowds and motorcades at party rallies in major cities. In Jakarta on Sunday, traffic was
    397 words
  • Article
    Lock icon Tycoon hid Rothwells rescue fee link, court told
    270 30 Alan Bond trial Reuter PERTH Failed Australian tycoon Alan Bond arranged for a businessman to invest in an ailing merchant bank, while dishonestly omitting the fact that his company would win a AS 16 million (Ss2o million) fee for the rescue, a
    Reuter  -  270 words
  • Article
    Lock icon Santiago ends fast as Congress prepares to confirm Ramos win
    499 30 Philippine election AFP MANILA Presidential candidate Miriam Santiago lifted her three-day fast against alleged election fraud yesterday as Congress prepared for a vote count expected to end in proclaiming her rival Fidel Ramos winner. Miriam Santiago, who won the urban
    AFP  -  499 words
  • Article
    Lock icon US recovery may not be enough for Bush's polls hopes
    361 30 Reuter WASHINGTON US President George Bush seems destined to get the economic rebound he wants ahead of the Nov 3 presidential election but it is still far from clear how much good it will do his campaign to stay in
    Reuter  -  361 words
  • Page 30 Advertisements
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      Page 30 Advertisements Column 1
      313 30 Singapore's most popular Nitsuko V Key Telephone System J GM YOUR HQ IHEEXKUIIVE Removed the look of tired baggy Removed open pores and blackheads Removed the start of the 'double chirt look That look of style and confidence displayed by certain men comes from having their skin 'groomed' as carefully
      313 words
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      Page 30 Advertisements Column 2
      7 30 German manufacturers moving to US, Pg 10
      7 words
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      Page 30 Advertisements Column 3
      30 30 SINGAPORE COMM Distributor of the most sought after Key Telephone System V Tel: 278 7088 Manila stocks hit record high, Pg 5 Ramos promises more open foreign policy, Pg 8
      30 words
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  • Shipping Times
    • Article, Illustration
      RCL forms subsidiary to consolidate cargo
      383 31  -  Company will complement container operations B* Juliette Walker SINGAPORE Regional Container Lines (RCL) has further diversified its feeder and intermodal transport operations by setting up a local container freight station to distribute and consolidate cargo that is less than a container load (LCL). The
      383 words
    • Article
      Lock icon Aid to east German firms to hit western shipbuilders
      289 31 Reuter HAMBURG. Germany High subsidies to east German shipbuilders will increase competitive pressure for western firms and may cause huge job cuts, the chairman of the German Shipbuilding and Nautical Technology Association said. Heinz Ache told the H clt am Son
      Reuter  -  289 words
    • Article
      Lock icon Remnant of Soviet Union still sails the South Pacific
      351 31 AFP NOUMEA History has yet to catch up with the Hclorussiya. a Ukrainian-based liner that still Hies the Soviet Hag and sports the hammer-and-sickle on its tunnel. The ship arrived last weekend in Noumea, in the French South Pacific territory of
      AFP  -  351 words
    • Article
      Chile's CSAV to launch direct Asian service
      322 31  -  By Dexter Lee SINGAPORE Chilean carrier Compania Sud Americana de Vapores (CSAV) will launch a direct liner service linking Asian ports to their counterparts in the east coast of South America next month. CSAV senior vice-presi-dent (Pacific Liner Division) Gerardo Arellano told BT
      322 words
    • Article
      M'sian maritime academy to tie up with Canadian varsity
      267 31  -  From Jimmy Yeow in Kuala Lumpur THE Maritime Academy ol Malaysia (Alam) and the Fisheries and Marine Institute of the Memorial University of Newfoundland, Canada (MUNF) have signed a memorandum of understanding (MOU) to enhanee maritime education and training in Malaysia.
      267 words
    • NEWS SUMMARY
    • LOG BOOK
      • Article
        Asian telecom show to be held here in June
        95 32 SINGAPORE South-east Asia's largest telecom trade event. Communic Asia/Infotech Asia 92, will be held trom June 2-5 at the World Trade Centre. Some 420 participants from 28 countries are expected including industry leaders and telecommunication authorities. Iwo conferences will be heUi
        95 words
      • Article
        Bangladesh tanker catches fire
        49 32 LONDON The 14.541-dwt Bangladesh flag motor tanker liiing/ar Shourabh caught fire while lightening crude oil at kutubdia anchorage. Bangladesh. Lloyds Shipping Intelligence said on Sunday. The fire in the engine rome cut navigable power and the vessel was towed to a C hittagong river mooring
        49 words
      • Article
        Viets aboard Thai ship arrested
        94 32 BANGKOK Thai naval forces on Sunday arrested 15 Vietnamese and seized a number of weapons aboard a suspeeted stolen Thai fishing boat in the Gulf of Thailand, state-run television station said. The captain of a Thai trawler reported to naval authorities that his boat was
        94 words
      • Article
        Flights delayed at Taipei airport
        57 32 TAIPEI A radio malfunction in the control tower of Taipei's international airport delayed scores of airline flights and thousands of passengers on Sunday, officials said. Communications between the control tower and airliners were cut for about seven hours when the computer system governing ground-to-air radio
        57 words
      • Article
        Japan, S Africa to sign air pact
        98 32 TOKYO The Japanese government has decided to go ahead with a civil aviation agreement with South Africa, the Yomiuri Shimbun newspaper reported on Sunday. It said Prime Minister Kiichi Miyazawa and South African President Frederik de Klerk would formally agree to conclude the
        98 words
      • Article
        Ammonia leak at Mexican port
        112 32 MEXICO CITY At least 49 people were treated for intoxication following an ammonia leak in a pipe operated by the Mexican state oil company in the southern port of Salinas Cruz, a local Red Cross official said on Sunday. Red Cross spokesman Jesus Manuel Salinas
        112 words
    • Article, Illustration
      Lock icon In pursuit of quality guaranteed
      1257 32  -  Quality assurance headed the bill at the Tulane Maritime Law Centre s recent seminar on 'Admiralty in an international setting'. Ann Moore reports on its findings Ann Moore Lloyd's List UNDAUNTED by IRA bombs, the Tulane Maritime Law Centre relocated its seminar from its original
      Lloyd's List  -  1,257 words
    • Article
      THE SHIPPING GUIDE
      11318 40 l his is a list of ships loading A< al Singapore for ports around the world. It tabulates, by destination, the name of the >, ship, the shipping line in- volved and the estimated A dates of arrival and departure from the Port of Singapore. LEGEND PN:
      11,318 words
    • Article
      SHIPPING AGENTS
      3372 45 C'ontainerline NV: Belsin Shpg l \gencies Pte l td (SVManne Handling H Sdn Bhd (PK/PN) Accord Group: Accord Shpg Pte Ltd (SVAccord Contr Line (PK PN). Adkris Business Corporation Philippine Cjlsource Shpg Trdg Pte Ltd (S) Xhrenkiel Liner Service Kim Shpg Trdg(S). Albatros Sea-Air Service: Frata Shpg Pte
      3,372 words
    • Article
      COURIER SERVICES
      280 45 Abacus C ouriers Tel: 545-8011. Fax: *****98 Air Express Travel Tel: 533-5771. Fax: *****44 Airborne Freight Corporation Tel: 542-8844. Fax: *****16. *****80 Airswift Worldwide Courier Tel: 278-0188. Fax: *****83. \JS Supplies Tel: 748-6322 (2 lines). 747-7421. Fax: *****75. City-I ink International Tel: 344-3377. Fax. *****50 Cluster I .ink
      280 words
    • Article
      AIR FORWARDERS
      1515 45 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
      1,515 words
    • Article
      PORT CONDITIONS
      3202 46 ARGENTINA C Labour working normally V: Buenos Aires: Slight congestion after the long weekend and vessels needing D deep-draft berths are hav ing to wait n up to 2 days for a berth. Grain c < loaders allocated to elevator berths are hav ing to wait 1-2 days.
      3,202 words
    • Article
      Lock icon SHIP SALES & TANKER RATES
      1115 46 SHIP SALES TANKER RATES The information was contributed by Simpson Spence Young VESSELS ON OFFER Bulk Carriers Iron Mister. 127,774 dwt and built Apr 1982 Hyunt».i, ideas remain US$23 million. Ever Bright: 61,902 dwt and built Mar 1980 Nippon Kokan, have now been encouraged to try US$ll.5/USSI2 million. Milamores: 69,808
      The information was contributed by Simpson Spence & Young  -  1,115 words
    • Article
      AIR FREIGHT SCHEDULE
      550 46 ARRIVALS Op Flight I>pe ETA r From TODAY NCA KZ203 B747F 0145 NRT KAL KE697 B747F 0150 SEL JAL JL6P B747F 0345 TYO SIA SQ835 B747F 1125 2 BSL/DXB RJA RJ024 B707F 1900 1 AMM/DXB CLX CV796 B747F 2115 1 LUX/AUH/KUL TOMORROW AZA AZ997 DC8F 0040 1
      550 words
    • Article
      CRUISE & FERRY SCHEDULES
      694 46 CRUISE FERRY SCHEDULES CRUISE SHIPS Ait Dep Name of Vessel ETA ETD Ports of Calls Port Agent MAY 26 26 Ascan World 0900 1800 Sin-Hkt Sembawang Johnson 27 27 Royal Pacific 1000 1800 Sin-Jakarta Ocean Trade Chartering 29 29 Cora Princess 1000 1800 Sin-Jakarta Harpers Shipping 30 31 30 31
      694 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        3 47
        3 words
      • Article
        IN MALAYSIAN PORTS
        219 47 Johore Port Berth: 1: Venture Luna; 2: Vega. 3: Ho Xuan Huong. 4: Alam Aman. 5: nil; 6; Bangkok Bridge 01 jetty: Guryev DCJ: Samudra, Soon Hin. Due on May 25: Pelego Iso. Tomoh Satu. Cosmic Master. Kapitan Medvedev Bunga Dahlia. Due on May 26: Elvegas. Yamakuni
        219 words
      • Article
        CONTAINER SCHEDULE
        708 47 DELIVERY OF FCL IMPORT CONTAINERS IN PROGRESS <5ta Voy No Containers avaiable i Slip Voy No Containers avaiab*e Fong Shin 9215 2405.92 0400 Lampung *****N COO(EST) 25 05 92 2100 8 Setawar 132 2405 92 0510 Ned Rouen 2112S COD(EST) 25 0592 0700 Wana Bhum 142S *****2 0700
        708 words
    • Article
      TRANSPORT DIARY
      963 48 June 1-2 (2 days): Contract Formation l hc Materials Management Way, organised by Singapore Institute of Purchasing ami Materials Management. l or more details, please contact SI I'M M Executive Officer at tel: 273-4172 or fax: 274-1132. June 4-5 (2 da>s): Advanced Inventory Management, organised by Singapore Institute
      963 words
    • Article
      DAILY FREIGHTS
      931 48 I IMb-CHAK I I K deals in the Atlantic dominated an otherwise unspectacular freight market where most rates eased on lack of charter reports, dry cargo brokers said on I riday. Ihe Baltic Freight Index (111 I) lost two points to stand at 1.286 with most Panamax routes
      931 words
    • Article
      Lock icon Canada suspends Yugoslav flights
      408 50 Call for UN sanctions Ambassador in Belgrade removed Reuter MONTREAL Canada on Sunday suspended the landing rights of Yugoslav Airlines, removed its ambassador from Belgrade and called for UN economic sanctions against Serbia to stop the violence in BosniaHerzegovina. Canadian Prime Minister Brian Mulroney also announced
      Reuter  -  408 words
    • Article
      Lock icon US holds two planes bound for Peru
      277 50 UPI WASHINGTON The US Customs Servicc has detained for six weeks at the Charleston. South Carolina, airport two Soviet-made military transport planes bound for Peru. The US administration aceounts of the ineident differ vastly from those of Peruvian officials. The situation is somewhat
      UPI  -  277 words
    • Article
      Lock icon Moldova warns against violation of its airspace
      202 50 AFP MOSCOW Moldovan authorities. seeking to block support for Russian-speaking separatists, warned that thev would take immediate measures to stop unauthorised flights through its airspace. Itar-Tass news agenev reported that Moldovan Defence Minister lon Costas ordered that aircraft could overflv Moldovan territon only
      AFP  -  202 words
    • Article
      Lock icon Airport's baggage theft ring cracked
      104 50 AP CHICAGO Sixteen people. most of them baggage handlers at O'Hare International Airport, have been charged with stealing guns, jewellery, cameras and other items from suitcases at the airport, authorities said last Friday. The 15 baggage handlers and a security guard operated a theft ring
      AP  -  104 words
    • Article, Illustration
      Lock icon US Coast Guard told to turn back Haitian ships
      407 50 AP kennebunkport, Maine Citing "a dangerous and unmanageable situation". President George Bush on Sunday authorised the US Coast Guard to return directly home all Haitians picked up at sea as they flee their beleaguered country. The action, contained in an executive
      AP  -  407 words
    • Article, Illustration
      Lock icon Electric, solar cars at US race
      519 50 UPI BROOKLINE. Massachusetts No petrol tank, not even an engine. Just a small electric motor, lots of batteries. a big plug to recharge them with and an "amp hour" meter instead of a fuel gauge. A very funky car. But electric and solarpowered cars,
      UPI  -  519 words
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      25 31 Lines and services represented by Members of the Registry of Accredited Shipping Agents, Singapore National Shipping Association. lor advertising enquiries, contact Shipping Times lei 740-20X9/740-2090
      25 words
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      Page 31 Advertisements Column 2
      220 31 Nedlloyd FAR EAST TO EUROPE/ MEDTTERRANEAN CALL: 221 8989 M M r&m C v v i i t i j.r h r iv i t t I I V y•l' .r I i -i 2 v N >%> i l T I I f <* /r-y CP C r> I:
      220 words
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      Page 31 Advertisements Column 3
      50 31 An Forwarders 15 Air Freight Schedule 16 Container Schedule 1' Courier Services 15 Cruise Ferry Schedules 16 Dady Freights 1® Ma 1 Port Condrtions 16 Shipping Agents 15 Shipping Guide 10.11 Shipsales Tanker Rates 16 Ships in Port 17 Singapore Tides 1' Transport Diary U Weather and Sea Conditions 1'
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      94 32 USlSMiiMiiiimiiim 4 It could be a controversial deal between two stock market stars, a thought-provoking report by university researchers on the latest trans-European merger. 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
      94 words
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      2406 33 m Dedicated to Quality Service OOCL (S) PTE LTD JARDINE SHIPPING AGENCIES TEL *****11 FAX *****09 BOOKINGS TEL *****34 *****58 TERMINAL/CFS TEL *****18 220 PESAKA JARDINE SHIPPING AGENCIES SDN. BHD. PORT KELANG TEL *****18 FAX *****91 *****88 PENANG TEL *****4 FAX *****1 CFS TEL. *****6 IPOH TEL *****3/4 FAX *****6
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      Page 33 Advertisements Column 2
      635 33 MAERSK LINE NEXT SAILING TO EUROPE REGINA MAERSK VOY. 9208 ETA SIN 27/5/92 Voy This week CY 26 0800~HR_ CFS 1/6 2359 MRS Magieby Maersk 9206 IS Port Kelang Penang OAK LGB HOU MEM ATL Feeder by DESTINATIONS California US Gulf US Atlantic East Canad. MIA CHS BAL PHL NYC
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      974 34 KURAMA FRANKFURT EXPRESS KASUGA I DRESDEN EXPRESS DANUBE LUDWIGSHAFEN EXPRESS MONTE ROSA ELBE KAMAKURA KAGA TOKIO EXPRESS LEVERKUSEN EXPRESS KATSURAGI 16/121 62/321 21/122 05/322 02/123 02/323 19/124 11/324 23/125 24/325 06/126 07,326 12/127 28/5 31/5 4/6 7/6 11/6 14/6 18/6 21/6 25/6 28/6 2/7 5/7 9/7 6/6 13/6 20/6 27/6
      974 words
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      Page 34 Advertisements Column 2
      595 34 0 CSAV Compama SudAmencana Compama SudAmencana at vaporet SA Chilean Line E»t 1872 lEABPAC SERVICE COHTAIHEKR BKEAKBULK MRFCT SOUTH PACIFIC SERVICE JANIKA II 3601E8 PALEMBANO 3702E8 Transit Time SIN 27/5 25 28 6 NOU 7/6 10/7 (13) SUV 10/6 13/7 <16> PPT 16/6 18/7 <22) HSO ACCtPIMG CARGO VIA SUV*
      595 words
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      Page 34 Advertisements Column 3
      1330 34 REGULAR INDEPENDENT FULL CONTAINER SERVICE WESTBOUND TO EUROPE fSLVOY CHINA SEA 213W NORASIA AL MUNTA2AH 9214-3 NORASIA SAMANTHA 9215-3 NORASIA SINGA 9216 3 NORASIA SUSAN 9217 3 ALSO ACCEPTING CARGO TO ALL UK INLANO PORTS VALENCIA VIA ALGERCIRAS WESTBOUND TO MEDITERRANEAN VIA VALETTA (MALTA) FEL 28/06 05/06 13/07 20/07 26/07
      1,330 words
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      Page 35 Advertisements Column 1
      1497 35 STRAITS SHIPPING PTE LTD 10 Ho« Chiang Road #11-01 Keppel Towers Singapore 0208 Tel: *****88 Fax: *****17 SLRVICL 10 SARAH. SARAWAK BRUNEI SINGAPORE STRAUS SHIPPIMG PTE LTD TEL: 225-07 M FAX: 225-0117 BANGKOK BORNEO AGENCIES LTD TEL: *****80 PERDANA SERVICE CONTAINER SERVICE BETWEEN PKL/PG/SIN t SARAWAK/BKUNEI/SABAH BUNGA KEMUNK <017 M
      1,497 words
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      Page 35 Advertisements Column 2
      1393 35 P&O Containers SINGAPORE AGENT: P&O Containers (Singapore Agencies) Pte Ltd 10 Hoe Chiang Road #07-01 KEPPEL TOWERS. SINGAPORE 0208 Tel: 225 2233 Tele* RS ***** PNOCSP Fax: 225 5327/222 7517 CR Number: **********0Z EXPORT TO UK CONTINENT JEDDAH SRI LANKA VESSEL REGINA MAERSK CORNELIA MAERSK TABLE BAY LEISE MAERSK oriental
      1,393 words
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      502 36 DJAKARTA LLOYD INDONESIAN NATIONAL LINE CR NBR **********0-D EXPRESS SEMI CONTAINERSHIP SERVICES TO EUROPE VSLVOY KUTM/2SNB MATUAM 32N8 SPOtt ETAD In fort 2-6/7 ROAM HOW HBURG BREMEN MIT WW 1/7 VI 6/7 9/8 9/7 14/1 13/7 17/« FAST TRANSIT TIME ACCEPTING BREAKBULK/CONTAINERISED CARGO Sub|*ct to Inducement. Also accepting cargo to
      502 words
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      Page 36 Advertisements Column 2
      1415 36 HANJIN SHIPPING TO USA PACIFIC SOUTH WEST TO EAST COAST (ALL WATER SERVICE) FOR VSI HANJIN HAMBURG 010 C HANJIN ELIZABETH 0041 HANJIN VANCOUVER 0091 HANJIN SEATTLE 023E HANJIN HONG KONG OJ4E I HANJIN SINGAPORE 006E Abo accepting Reflet Opefltop Flitrack etc to San f rancrwo »ia Oakland AH USA
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      Page 36 Advertisements Column 3
      1133 36 CI EVERGREEN /ull (\m tamer Str vice Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) amu H 044 E OIEET 037 GOLDEN 035 CUBE K 052 mi SGP ISC Mfi U( PUS MIT OSK NGY SMf ITO LAI CMS Ml NTC LMV Mm MM TIT 2/4 3 1 1/4 14/4 12/4 15/4 14/4 14/4
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      1645 37 Shipping Times, Tuesday May 1% 198? NEPTUNE AGENCIES PTE LTD SINGAPORE TEL: *****77 (CR NO: **********0E) BOOKINGS (TOLL FREE) NEPTUNELINK TEL *****00 (TOLL-FREE* USA SERVICE *****00 TERMINAL OFFICE *****22 FAR EAST SERVICE *****00 IMPORT CFS MB2 *****69/*****96 UK/EUROPE SERVICE *****00 EXPORT CFS MB2 *****53/*****50 AUST/INDIA/PAK SERVICE *****00 NEPLINE SDN BHD
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      Page 37 Advertisements Column 2
      489 37 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD BOOKING: *****51/ *****64/ *****06 (FESCO LINE) ENQUIRIES: *****33 MARINE INSURANCE SERVICE: *****87/ *****87 Kl- 03-*****75/697 PORT KELANG: *****43/ *****40 JAKARTA: *****57 PENANG: *****4/ *****8 lOHORE BAHRU: *****1/ *****1 (REGULAR INDEPENDENT SERVICE) BALT-ORIENT LINE/ ,1 1 FULL CONTAINERSHIP SERVICES EASTBOUNO DISCHARGING WESTBOUND -LOADING TRANSHPPED
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      Page 38 Advertisements Column 1
      1252 38 K 44 K KAWASAKI KISEN KAISHA, LTD AS AGENTS KAWASAKI SINGAPORE (PTE) LTD (CR No: **********0 M) TEL *****77 TELEX: KAWAKI R*****5 FAX: *****07/8/9 MALAYSIA "K" UNE MARITIME (MALAYSIA) SDN BHD TEL: SA *****00 PK *****01/5 PENANG *****0 JB *****1 INDONESIA P.T. SARANA LALfT INTERNUSA TEL: JKT *****76. *****77. *****08
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      Page 38 Advertisements Column 2
      1218 38 PHIU-OM€NT UN€S PT€ LTD 108 Robinson Road #07-00 GMG Building Singapore 0106 Te1:*****22 *****69 *****00Te1ex:R*****0FAX:*****76 *****38 BY AIR, LAND OR SEA.... WE TAKE ON THE WORLD FOR YOU MEMBER OF SINGAPORE FREIGHT FORWARDERS ASSOCIATION AUSTRALIA/NEW ZEALAND/SOUTH PACIFIC FCULCL SERVICE 'V) MAY SYDNEY MELBOURNE BRISBANE FREMANTLE 27 MAY AUCKLAND WELLINGTON LYTTLETON
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      1443 39 PIL PACIFIC INTERNATIONAL LINES (PTE) LTD 140 Cecil Street, #03-00 PIL Building, Singapore 0106. Tel: *****33 r.R NO 1t REGIONAL CONTAINER SERVICES (BANGKOK VESSEL ESTEBRUGGE SRISAMUT (THAI FLAG) EQUATOR CRYSTAL Q. KOZINTSEV KOTA CAHAYA KOTA SURIA SRISAMUT (THAI FLAG) KOTA CAHAYA KOTA SURIA TAIWAN VESSEL BUNGA RAYA A VESSEL VOY
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      Page 39 Advertisements Column 2
      634 39 EacßenV Ist1 st class container transport EXPRESS CONTAINER SERV ICE TO UK-NORTH CONTINENT-SCANDINAVIA WEEKLY FEEDER VESSEL ANSON'TBN ANSON TBN PENANG 22/5 29/5 P KEIANG 23,5 30 5 XEAN VSL/VOY NIHON 2202 BENAPTY 2212 SIN 26/5 2 6 SOU 12/6 19/6 PTM (2) 14'6 21/6 HAM (3) 15/6 22/6 GOT (4)
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      Page 39 Advertisements Column 3
      264 39 BOUSTEAD SHIPPING AGENCIES W MYANMA FIVE STAR LINE (Myanmar National Line) Loading for Yangon (Rangoon) S pore f In Pt 5/7 )ur 5/7 lun 4/5 tun 12/14 km Pen Std P.Gdg 2/4 lun HPAAN VI77N PINT* V 122*1 MYOMAYWA VI42W PAGAN VIS3W ITA AN VI7SW NIGERIAN NATIONAL taL SHIPPING LINE
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      2371 42 c o s c o (7//.V FAX snirni\(, (OA//M M 5] Conventional Semi-Container Liner Services General Agents: Yick Fung Shipping Enterprise Co Ltd 62 Cecil Street J.P.I Building »02 00 Singapore 0104 Jet 221 4466 (12 lines) tax *****15/*****8/ Tlx YIFUSINRS ***** YIJUS YIFUSINHS ***** YIJUS Booking Agents: Shipping Freight
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      Page 42 Advertisements Column 2
      59 42 I^JjoHnn CONTAINtRISfcD SERVICE TO SARAWAK SABAH K BRUNEI ACCEPNNG FCI ICI RFEFERS. PALLETISED CARGOES HEAVY LET UP TO 70 TONS AT PPW PA»m OUDAMO: POUT KELAMO: 100 HW SMTfUK Pit LTD TIL Til n 227 M fax *****10 at «ism<?ooooN U«IM UCNCT am BHD T«» *****4 *****7 FAX *****7 IMBATAN
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      506 43 FAMOUS CONTAINER LINES 10 ANSON RD. #15-21 INTERNATIONAL PLAZA, S'PORE 0207 HOT LINE: *****33 24 LINES) MEDITERRANEAN SERVICE LIM ASSOL/PIRE AUS 31/5 HAIFA/ASHDOD /ALEXANDRIA 31/5 MARSEILLE/FRANCE 31/5 BARCELONA/SPAIN 31/5 GENOA/ITALY 31/5 EUROPE MAIN CONTINENT USA CANADA LOS ANGELES/WC/IPI NEW YORK/EC VANCOUVER TORONTO/MONTREAL INDIAN SUB-CONTINENT COLOMBO CHITTAGONG BOMBAY/KARACHI MADRAS/CALCUTTA PORT KLANG/PENANG
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      Page 43 Advertisements Column 2
      481 43 CHAHAYA SHIPPING ft TRADING CO. PTE LTD 133. NEW BUDGE ROAD *09 01 CWWIOWN POMT S(01W) TH: *****13 (6 Lines) F» 5M1745 *****61 Tli US ?MSI CONVENTIONAL. LCT CAR CARRIER WEEKLY SERVICE BATAM BELAWAN. DUMAI. JAKARTA. SEMARANG SURABAYA f. KURNIA SEJATI29/5 30/5 BANGKOK WEEKLY REGULAR FCL/LCL CONSOL TO KLAWAN. JAKARTA.
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      Page 43 Advertisements Column 3
      321 43 Regional Container Lines JAKARTA BANGKOK CEBU/MANILA KUANTAN/SONGKHLA PENANG/PT. KELANG KUCHING/PONTIANAK PASIR GUDANG MADRAS KARACHI/BOMBAY ves»i VI G* KOASUN SHtV ww 36* 37A m Pt 27 28/05 28-29/05 KM 05-09 06 10 14/06 07-11/06 MM 10 15/06 15 17/06 12-19/06 GREAT REGION SHIPPING CO. PTE LTI) pORT KELANG TEL *****88 (16
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      551 44 S'PORE IMPORT: *****11 PENANG: (04) *****6 SIBU: (084) *****9 KK: (088 *****0 P KELANG: (03) *****77 JAKARTA: (21) *****32 KUCHING: (082) *****3 SURABAYA. (31) *****0 AUSTRi 3/6 3/6 28/5 4,6 4/6 29/5 5/6 Syd/Melb/Bri 5/6 Fremantle 30/5 Auckland/Wlj/Christchurch 3 sailings per week 28/5 29/5 30/5 Honf Kong 2/6 3/6 4/6
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      Page 44 Advertisements Column 2
      300 44 AUSTASIA LINE AND MERLION SHIPPING AGENCY NEW i BLUE STAR LINE SINGAPORE TO FROM NEW ZEALAND AND T/S TO FIJI TO AND FROM NEW ZEALAND PORTS PREMKR US 29/5 MUIBERA 27$ 12/6 AUST STAR V 0522 21/6 10/6 VIA NPt 12/6 29/6 24/6 VIA NPt 26/6 13/7 3/7 VIA NPt
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      Page 44 Advertisements Column 3
      745 44 THONG SOON LINES PTE, LTD. 77 ROBINSON ROAD #15 00, #16 00 SIA BUILDING SINGAPORE 0106 TEL: *****88 FAX NO: *****11, *****22 TLX: RS ***** CARRIER, RS ***** JENHOL CABLE: TOSOCO CONVENTIONAL/CONTAINER SINGAPORE TO WEST MALAYSIA CQNT aimer mmt9 SINGAPORE TO WEST MALAYSIA TO FAR EAST/PAPUA NEW GUINEA SERVICES VESSEL
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      78 47 Geared to keep the busy business executive abreast of new technologies he can exploit to full advantage, INNOVATIpN TECHNOLOGY page provides news, reviews and features in the areas of information technology, biotechnology, electronics and just about everything high-tech. Although its primary focus is on local news, INNOVATION TECHNOLOGY in Business
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  • Page 47 Miscellaneous
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      Page 47 Miscellaneous Column 1
      270 47 TIDES AND WEATHER 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 TOMORROW S TIDES HOUR 0000 0100 0200 0300 0400 0500 0600 0700 0800 0900 1000 1100 1200
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      Page 48 Advertisements Column 1
      272 48 ULTIMATE FREIGHT SERVICES AUSTRALIA HZ HK BANGKOK MAURITIUS PACIFIC ISLANDS KOREA TAIWAN WEEKLY LCL ACCEPTANCE TO USA -Seattle, Portland, SfO, LA, New Tort and al PI Point* CANADA Canary, Edmonton, Montreal, Now Brunswick, Ottawa, Saskatoon, Toronto, Vancoom, Wmptf, Nova Scotia, Quebec City. EUROPE Antwerp, Hamburg, Rotterdam, Amsterdam, Fefastowe, London, Lo
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      Page 48 Advertisements Column 2
      329 48 ESSEL VESSEL ESSEL AIHENG UKC CONVENTIONAL SERVICE PKL PNG P G LOADING FOR 28/05 Rotterdam/Antwerp CHINA CONVENTIONAL SERVICE PKL 15/05 PNG 20/05 LOADING FOR Huangpu Guangzhou COSCO FULL CONTAINER SERVICES (FCL/FCL) EXPORT TO: CHINA/BANGKOK/HONGKONG EUROPE/CONTINENTAL WEST MEDITERRANEAN AUSTRALIA US WEST COAST PERSIAN GULF/KARACHI •lease refer above mentioned services to China
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      Page 48 Advertisements Column 3
      449 48 Appointment Ads An Effective Contributor WEEKLY ML CONSOLIDATION.^ =Sfngapore^=lndia_ BOMBAY MADRAS CALCUTTA COLOMBO KARACHI CHITTAGONG TEL: 227 4788 FAX: 227 2083 BOCS EUROPE/S.E.A. BREAKBULK SERVICE VESSEL MARITME LAPIS TBN TBN BREMEN 7-1/5 ANTWERP 20/5 TO JEDOAH POUT KELANG. SMGAPORE 19/6, HONG KONG KAOHSIUNG, KEELUNG AND INCHON GDANSK 18-26/5 ANTWERP 29/5-3/6
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      554 49 HYUNDAI MERCHANT MARINE CO. LTD. FULLY CONTAINERISED TRANSPACIFIC SERVICE PACIFIC SOUTH-WEST SERVICE PSW SERVICE FEEDER RELAY VIA KAOSMUNQ PWW SERVICE FEEDER RELAY VIA HONG KONG RELAY VIA FEEDER PNA PGD PKE SIN HKG 03/06 10/06 17/06 24/06 01/07 08/07 15/07 22/07 29/07 05/08 04/06 11/06 18/06 25/06 02/07 09/07 16/07
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      Page 49 Advertisements Column 2
      546 49 77i HaiSun Hup Co (Pte) Lt A •> i PS «?oh-2 STRAITS/ JAPAH/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS INBOUMD VESSELS VISSiL stm hoc hi CMIMPMM TItMR ((STEM mi COSMIC MASTER WHO COSMOS COSNK TRADER MAKE MOO* MALA ROIA COSMIC CHAILEKIR COSMIC PtOKtER TIMS AUTO StRI AREISHI RK SID
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      Page 49 Advertisements Column 3
      454 49 EXPORT TO PSA CONNECTING AT: DOUBLE STACK TRAINS ETA EXPORTS TO OTHER USA CANADA CONNECTING AT TO PNW CANADA EAST COAST All WATER IMPORTS FROM USA CANADA EXPORTS TO MANILA •UMKX AMMCA HIKAIM OCKOT miutoi coiumus tuwiw iur* UlKA'Ot DOC OKl** MUGATOi MOKI KUCA'Oi «CW MM KM .'1 M 14
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      Page 49 Advertisements Column 4
      87 49 »BINTANG MAS SHIPPING PTE. LTD. 39 NEIL ROAD SINGAPORE 0208 TEL: *****88 TLX: R*****5 SINMER FAX: *****64 REGULAR SERVICE FROM S PORE TO SARAWAK/SABAH/BRUNEI PORTS CR No. **********0W Receives cargo daily at PSA Pasir Panjang PT 10 (EX P5) Accepting containers, paletised/breahbulh. reefers and heavylifts of SHOREPACK FREIGHT SERVICES (S)
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      Page 50 Advertisements Column 1
      234 50 Every Saturday m Business Tjmes Some Reasons For THE STRAITS TIMES WEEKLY OVERSEAS EDITION Your son is studying overseas. And you want him close to home -with news from home. Someone dose has beenlving in Canada for some years. You've given up writing those long letters. The Straits Times Weekly
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      Page 50 Advertisements Column 2
      5 50 Every Saturday in Business Times
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