The Business Times, 29 May 1992

Microfilm: NL18202
Total Pages: 52
1 52 The Business Times
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  • Title Section
    Masthead
    16 1 Business Times THE BUSINESS PAPER FOR S-E ASIA MITA (P) 35/12/91 Friday, May 29, 1992 75*
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  • NEWS SUMMARY
    • Article
      New jobless claims in US fall to lowest in 7 months
      60 1 WASHINGTON The number of new claims for jobless benefits fell 4,000 in the week to May 16 to 403,000, the lowest in seven months, the Labour Department said yesterday. The fall came despite 1,400 new claims in California in
      60 words
    • Article
      Formosa Plastics gets US$245m loan
      70 1 TAIPEI Taiwan's central bank will lend US$245 million (***** million) of its foreign exchange reserves to finance two petrochemical plants built by the island's Formosa Plastics Corp in Texas. A central bank spokesman said the funds were the first allocated by the central bank from
      70 words
    • Article
      Frustrated with talks
      35 1 TAIWAN'S frustration over stalled negotiations with Malaysia on an investment guarantee agreement could have prompted controversial remarks by a senior Taiwanese official warning his country's businessmen against investing in Malaysia Page 2
      35 words
    • Article
      Selling Batamindo
      32 1 MARKETING of the Batamindo golf and country club in Batam is set to go full swing in August, when the Japanese economy is expected to stage a recovery Page 3
      32 words
    • Article
      Seoul growth slows
      34 1 SOUTH KOREA'S economic growth slowed during the first three months of this year after years of overheating that caused high inflation and large deficits, the central bank said yesterday Page 9
      34 words
    • Article
      US to study Japan pact
      36 1 AMID rising job losses in the electronics industry, Washington will scrutinise Japan's record in opening its markets to foreign semiconductor sales, US Trade Representative Carla Hills said on Wednesday. Page 10
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    • Article
      Forging closer ties
      19 1 AUSTRALIA and Hongkong have started forging closer economic links, to their growing mutual benefit Page 13
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    • Article
      Plan under review
      37 1 MEMBERS of the Straits-New Zealand conference are reviewing a plan to increase freight rates following the unexpected entry of NZ-Orient Lines into the South-east Asia-New Zealand trade route last month. Shipping Times Page 1
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  • MARKETS SUMMARY
    • Article
      Dow higher
      32 1 WALL STREET stocks moved upward yesterday, getting support from lower interest rates. The Dow Jones average of 30 industrials rose 8.03 points to 3.378.47 in the first hour of trading.
      32 words
    • Article
      Footsie lower
      28 1 LONDON share prices were lower yesterday morning. With 284 million shares traded at 1120 GMT, the broad-based FTSE 100-share index was down 5.4 points at 2,693.2.
      28 words
    • Article
      Warburg eyes SES seat
      36 1 SG WARBURG, the United Kingdom financial services group behind the international placements of shares for Singapore Airlines and Sembawang Shipyard, is eyeing a seat on the Stock Exchange of Singapore Pag* 4
      36 words
    • Article
      DBS keen on financing
      44 1 DBS BANK and its Thai partner Thai Danu Bank are angling for a slice of the financing needed if front-runner Loxley group of Thailand wins the megabuck contract to install one million telephone lines in the country's provinces P*g® 6
      44 words
    • Article
      Help for Seoul bourse
      32 1 THE South Korean government has announced a set of special measures aimed at propping up the slumping stock market and saving three investment trusts, officials said Page 8
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    • Article, Illustration
      STOCK INDICES
      29 1 Thursday Change BT-MGA 731.65 +10.18 Kuala Lumpur 600.17 8.97 Tokyo 17.931.25 +108.69 Hongkong 5,988.13 -94.57 Sydney 1,676.5 +10.6 Wednesday Change New York 3,370.44 +6.23 London 2,698.6 -6.0
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    • Article
      CURRENCIES
      30 1 London Gold AM fix US$337.20 USS-1.25 Exchange rates USS SS 1.6375 100 Yen SS 1.2596 V« SS 0.6480 Money market rates Overnight 2 13/16% +3/16 3-month 3 1/8 +1/8
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    • Article
      COMMODITIES
      31 1 ifuooer S'pore June 139.00*/kg unch M'sia June 219.00*/kg +1 KL Tin Turnover 38 tonnes -10 Spot MS 15.43/kg -9 Crude palm oH Turnover 746 lots -347 July MS868 /tonne 8
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  • Article, Illustration
    Tenaga's share price doubles on debut
    463 1  -  From Leslie Lopez in KUALA LUMPUR MALAYSIA'S state-con-trolled power company, Tenaga Nasional Bhd, made an electrifying debut on the local bourse yesterday to emerge as the country's secondlargest company in terms of market capitalisation. But financial analysts said the power surge which sent Tenaga's
    463 words
  • Article, Illustration
    Chemical Ind in venture to develop mini-city in Fujian
    591 1  -  USs2som project includes industrial, residential estates By Genevieve Cua, Lilian Ang SINGAPORE Listed Chemical Industries Far East Ltd (Cifel) has teamed up with a homegrown shipyard operator and an Indonesian pirty to develop a US$25O million (Ss4os million) minicity in the
    591 words
  • Article
    MAS to raise a massive M$1.75b through rights issue
    430 1  -  Carrier also announces 43pc profit drop to M$ 113 m By Magdalene Ng SINGAPORE Despite a poor set of full-year results for 1991/92 which shocked the market, fast expanding Malaysian Airline System Berhad (MAS) is raising M 51.75 billion (551.14 billion)
    430 words
  • Article
    Lock icon Thai activists warn of more protests; military issues veiled threat
    420 1 Reuter, AFP BANGKOK Thailand remained in the grip ot political uncertainty yesterday as i pro-democracy activists warned of more demonstrations while disgraced generals sent out signals to their opponents to back off. The Democracy Confederation. which organised last week's protests,
    Reuter,; AFP  -  420 words
  • Article
    STII continues surge as Hongkong stocks retract
    121 1 SINGAPORE Boosted by a flow of funds from the Hongkong market, Singapore's Straits Times Industrials Index surged 21.61 points yesterday to close at 1,528.15. The rally into its third day yesterday was initially triggered by rumours of interest rate cuts on Tuesday. In
    121 words
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      Page 1 Advertisements Column 1
      273 1 Allen Edmonds Petite Fiiuue #02 38. Cfntitpomt (Tel: *****68) #01 10. Liang Court (Tel: *****52) Sltdgm 102 07, Orchard Emerald (Tel: *****35) and selected retail outlets. Aircraft Schedule 31 Jakarta/Bangkok Stocks 24 Sports 15 Commodities 30 KLSE —23 IV SRadto Company News 4,6.7 Money Changer Rates 29 Unit Trusts 22
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      Page 1 Advertisements Column 2
      11 1 Should listed companies hold closed-door meetings with market analysts? Pg 4
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      Page 1 Advertisements Column 3
      4 1 MAS results, Pg 4
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      Page 1 Advertisements Column 4
      38 1 Tenaga surge sparks talk of failed grey market deals, Pg 4 BALLY t^^^HHL MEN examj^^^A SHOES FASHION ACCESSOR^^^^^^^^^Hf lAUY BOUTOUt StNCAPOfif: <01-18 Raffles Hotel/Shaw Centre/Raffles Citv/Rovol HoWav m* l Crowne Plaza iSHSi »»sssK!Xa BRUNEI Tan Kofc Tong Co
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      Page 1 Advertisements Column 5
      28 1 1 SALAMANDER GERMANY /1 Sole Agent: WONG BROTHERS SHOE TEL: 2633 M 3 S'pore bookings for tours down, Thailand not yet completely out of the woods, Pg 2
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  • PAGE 2 NEWS
    • Article, Illustration
      Lock icon Taiwan angered by stalled investment talks with M'sia
      526 2  -  By Walton Morais SINGAPORE Taiwan's frustration over stalled negotiations with Malaysia on an investment guarantee agreement could have prompted controversial remarks by a senior Taiwanese olticial warning his country's businessmen against investing in Malaysia, sources say. Taipei government sources told BT yesterday
      Source: Mida  -  526 words
    • Article
      Lock icon India acts against banks in stocks scam
      451 2 Reuter NEW DELHI India has begun a crackdown on banks implicated in a stocks and securities scandal, closing down one bank and replacing the board of directors of another, Indian press reports said yesterday. The Reserve Bank of India (RBI), the central bank,
      Reuter  -  451 words
    • Article
      China's investments in HK a mixed blessing
      448 2  -  Sign of confidence but any failure could balloon From Catherine Ong in HONGKONG THE massive HKS3.B billion (SSBOB million) purchase of prime Hongkong real estate by China earlier this week is seen by businesses here as a mixed blessing. Businessmen say Tuesday's purchase
      448 words
    • Article
      S'pore school-holiday bookings down; hoteliers wooing travellers
      448 2  -  Aftermath of Thai military crackdown By Sangeeta Mulchand SINGAPORE Trouble in Thai capital Bangkok may be over but the wounds inflicted on the tourism industry are going to take some time to heal, travel agents say. Bookings from Singapore tourists going to Thailand
      448 words
    • Article
      Thailand not yet completely out of the woods: analysts
      666 2  -  By Yang Razali Kassim SINGAPORE Despite the political truce in Thailand, regional analysts say it will be some time before the country achieves anything close to stability. Among the reasons cited for this tenuous state are the choice of yet another
      666 words
    • Article
      Johannesburg urges investors to act now
      251 2  -  By Salil Tripathi SINGAPORE The premium on a foreign exchange instrument created for foreign investors is fast running out and the time to invest is now, a South African official says. Visiting Johannesburg city councillor Collin Wright said the gap between the financial rand
      251 words
    • Article
      Batamindo golf club to be launched in August
      436 3  -  Marketing timed to coincide with expected Japanese upturn By Genevieve Cua SINGAPORE Marketing of the $120 million Batamindo golf and country club in Batam aimed mainly at Japanese members is set to go full swing in August, when the Japanese economy is
      436 words
    • Article
      Matsushita has no plans to cut investments in S-E Asia
      368 3  -  By Joseph Rajendran SINGAPORE Japanese electrical giant Matsushita will continue to invest in South-east Asia, despite the 50 per cent drop in its worldwide profit last year. The senior managing director of Japan-based Matsushita Electric Works (MEW), Yukinobu Nishida, said
      368 words
    • Article
      More large vehicle parks to be developed
      380 3 SINGAPORE The Urban Redevelopment Authority will release more land this year for heavy vehicle parking. In a statement yesterday, it said demand was strong, judging by the number of bids it received to develop two heavy vehicle parks along Old Toh Tuck Road.
      380 words
    • Article
      Cost of underground road network doubles
      236 3  -  By Lilian Ang SINGAPORE An underground road network planned for the city area will now cost $3.8 billion, more than double the original estimate of $1.5 billion. Lim Hng Kiang, Minister of State for National Development, yesterday said the Public Works Department (PWD) has
      236 words
    • Article
      S'pore Telecom eyes Indian paging service deal
      372 3  -  By Dexter Lee, Rajendra Bajpai SINGAPORE Telecommunications Pte Ltd (Singapore Telecom) is eyeing a licence to provide paging service in India, barely a month after it sought to operate a mobile telephone network in that country. India's regulator of public telephone networks, the
      372 words
    • Article
      HDB expected to call tenders for upgrading flats by end-July
      405 3  -  By Colin Tan SINGAPORE The first slice of the $400 million pie set aside for the demonstration phase of the Housing and Development Board (HDB) upgrading programme is expected to be up for grabs at the end of July. An
      405 words
    • Article, Illustration
      Asean chamber head aims to win over Afta doubters
      355 3  -  By Kenneth James SINGAPORE Businesses opposed to the removal of protective tariffs under the Asean Free Trade Area (Afta) initiative will soon find the region's premier grouping of business representatives ready to fight fire with fact. And the wall of facts
      355 words
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      Page 2 Advertisements Column 1
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      Page 3 Advertisements Column 1
      170 3 f is*® Skpxtiib Sunday, Goodwood Park Hotel Tudor Ballroom, Ground Floor Viewing from 10am to Ipm All lots an• guarwilced ami backed by full 'IHADEJN ixilik- al our ihouirvuui Major crvdil canl\ ami itrnonal cheques aw welcome Auctioneer: ABBAS NISHABURI tßazi 'Efim <Pte. Ltd. Tel: 235 5553 The 1881 Collection
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  • COMPANY NEWS 1
    • COMPANY BRIEFS
      • Article
        CCL purchases more Malayan Credit shares
        47 4 SINGAPORE Cycle Carriage Ltd purchased an additional 300,000 Malayan Credit shares at $2.22 each on Wednesday. The company and its concert party. Hotel Properties Ltd, now hold a combined stake of 161.59 million shares or 50.25 per cent in Malayan Credit.
        47 words
      • Article
        Wing Tai to subscribe DNP issues
        62 4 SINGAPORE Wing Tai Holdings Ltd said it will use the net proceeds of $29.62 million from its private placement to reduce bank borrowings and to subscribe for the proposed rights issue of DNP Holdings Berhad. When completed, the placement of 17.6 million new shares
        62 words
      • Article
        Setron posts loss of M$16.17m
        81 4 KUALA LUMPUR Setron Malaysia Bhd has reported a group pre-tax loss of M 516.17 million (5510.3 million) for the vear ended Dec 31, 1991, compared to a profit of M 54.23 million previously. Group turnover, however, increased to M 5201.66 million from M$ 184.52 million,
        81 words
      • Article
        CIMA reports higher profits
        68 4 KUALA LUMPUR Cement Industries of Malaysia Berhad reported a 31 per cent rise in group pre-tax profit to M$ 14.97 million (559.5 million) for the three months ended March 31, 1992, against M 511.44 million in the same period last year. Group turnover declined 5 per
        68 words
      • Article
        KL bank sees moderate growth
        69 4 KUALA LUMPUR Southern Bank Bhd sees a moderate profit growth in the current year from narrowed margins as pressure mounts on expenses in view of the increasing competition and a deregulated environment. Its chairman Tan Sri Osman Cassim said in the company's latest annual report
        69 words
    • Article
      MAS hit by slower traffic growth, higher staff costs
      526 4  -  By Dexter Lee SINGAPORE Malaysian Airline System Berhad (MAS) yesterday shocked analysts and investors when its group net earnings plunged 43 per cent to M$ 112.9 million (5573.16 million) for the year ended March 31. This works out to earnings of
      526 words
    • Article
      Lock icon KL likely to allow rise in MAS domestic fares
      145 4 Bernama PENANG The Malaysian government is expected to approve Malaysia Airlines' (MAS) application for an increase in domestic fares in a few months' time. Transport Minister Ling Liong Sik said yesterday. Agreement for a raise had been reached, only the percentage
      Bernama  -  145 words
    • Article
      Warburg eyeing SES seat, Singapore Telecom deal
      468 4  -  From Catherine Ong in HONGKONG SG WARBURG, the United Kingdom financial services group behind the international placements of shares for Singapore Airlines and Sembawang Shipyard, is eyeing a seat on the Stock Exchange of Singapore (SES). Colin Bucan, managing director of SG Warburg
      468 words
    • Article
      Lock icon Asiatic to invest M$45m this year
      278 4 Bernama KUALA LUMPUR Asiatic Development Berhad will spend Ms4s million (5529.16 million) to finance its plantation, expansion as well as manufacturing projects this year, said its joint chief executive Baharuddin Musa yesterday. He said: "About MslB million will be used for the company's plantation
      Bernama  -  278 words
    • Article
      Lock icon Tile maker KHI expects M$30m profit for 1992
      269 4 Bernama KUALA LUMPUR Wall and floor tiles manufacturer Kim Hin Industry Berhad is projecting a group pretax profit of M 530.43 million (5519.7 million) for calendar 1992 from M 523.70 million (S$ 15.3 million) a year earlier. Its gross earnings per share
      Bernama  -  269 words
    • Article
      Tenaga's surge sparks talk of failed grey market deals
      359 4  -  From Leslie Lopez in KUALA LUMPUR TENAGA Nasional Bhd's surprisingly strong debut on the Kuala Lumpur Stock Exchange yesterday has sparked speculation that strong buying interest was prompted by brokers caught in ofT-market transactions gone awry. Market sources said most of
      359 words
    • Article
      This year is a watershed for Chemical Industries
      503 4 SINGAPORE 1992 is likely to go down in Chemical Industries (Far East) Ltd's history as a benchmark year. The low-profile but very profitable group with a cash pile of almost $50 million is making potentially highyielding investments in Thailand and China in
      503 words
    • Article
      Why do companies like SIA shut out the press?
      496 4  -  THE HOCK LOCK SIEW COLUMN By Conrad Raj SINGAPORE SIA now seems to stand for "Secret Information for Analysts". Or so it seemed to journalists who went to a briefing by the national carrier at the Dynasty Hotel on Tuesday. They
      496 words
    • COMPANY BRIEFS
      • Article
        C Itoh's profit plunges 62pc to $152m
        68 6 TOKYO C Itoh and Co Ltd's net profit plunged 62 per cent to 12.14 billion yen (S$ 152.6 million) for the year to March 1992 from 31.54 billion yen. It cited poor operations in its financial subsidiaries and overseas units for the lower
        68 words
      • Article
        Fabric makers' earnings down
        89 6 TOKYO Japan's top polyester maker Teijin Ltd and leading acrylic producer Mitsubishi Rayon Co Ltd announced on Wednesday steep falls in group earnings for the year to March and forecast further declines this year. Teijin said its consolidated pre-tax profit plunged 19.6 per cent from a
        89 words
      • Article
        Takeda profit falls 3.1pc
        63 6 TOKYO Japan's biggest drugmaker Takeda Chemical Industries Ltd said on Wednesday its pre-tax profit fell 3.1 per cent from a year earlier to 71.3 billion yen (*****.45 million) in the year to March. The company said sales grew 1.8 per cent to 561 billion yen although
        63 words
      • Article
        Sun Hung Kai in China venture
        73 6 NANSHA, China Hongkong's Sun Hung Kai Properties Ltd has signed a letter of intent to redevelop the Nanfang Department Store in China's southern city of Guangzhou. "Our vision is to build a landmark" in the city, said Sun Hung Kai vice-chairman and managing director
        73 words
      • Article
        HK, China to discuss 'B' shares
        56 6 NANSHA, China Hongkong's stock exchange chairman Charles Lee said on Wednesday he will discuss the possibility of listing Chinese "B" shares for foreigners on the local market during a visit to Beijing in June. But the high price/earnings ratio of some shares could present
        56 words
      • Article
        Fletcher to have more asset sales
        77 6 WELLINGTON Fletcher Challenge Ltd is close to another NZ$lOO million in asset sales which will bring up its target of raising NZ$75O million through divestment by June 30, an FCL spokesman said. However, the company will not achieve its goal of a 50/50 debt-equity
        77 words
    • Article
      DBS, Thai Danu keen on financing telephone contract
      454 6  -  By Loh Hui Yin SINGAPORE DBS Bank and its Thai partner Thai Danu Bank are angling for a slice of the financing needed if front-runner Loxley group of Thailand wins the megabuck contract to install one million telephone lines in the country's
      454 words
    • Article, Illustration
      Lock icon Thai protests delay Hopewell project
      261 6 Reuter NANSHA, China Hongkong's Hopewell Holdings Ltd said the signing of a foundation eontract for its Thailand elevated rail project could be delayed for one month because of last week's bloody anti-government protests. "We were supposed to sign on Tuesday and the shooting started on
      Reuter  -  261 words
    • Article
      Lock icon JAL suffers first pre-tax loss since 1985
      282 6 AFP TOKYO Japan Airlines Co Ltd (JAL) announced yesterday its first pre-tax loss since the crippling jumbo jet crash of 1985, while rival AH Nippon Airways Co Ltd (ANA) said profit before tax tumbled almost 12 per cent. Japan Air System Co Ltd
      AFP  -  282 words
    • Article
      Lock icon China telephone boom helps ring up HK Telecom profit
      283 6 Reuter HONGKONG Hongkong Telecom, buoyed by booming telephone traffic with neighbouring China, yesterday announced a 12 per cent rise in annual profit to HK55.67 billion (551.19 billion). Amid media speculation that the company will lose its domestic monopoly, chief executive Michael
      Reuter  -  283 words
    • Article
      Lock icon Chinese face reality of falling share prices
      433 6 Financial Times BEIJING The Chinese, who have embraced share trading with wild enthusiasm, are having to get used to the concept of prices going down as well as up. Prices on Shanghai's stock exchange have dropped 19 per cent in the past two
      Financial Times  -  433 words
    • Article
      Lock icon Li's bid to buy out Cavendish expected to be well received
      404 6 Reuter HONGKONG Hongkong analysts yesterday welcomed a second bid by billionaire Li Ka-shing to buy out Cavendish International (Holdings) as a sound move and predicted that the move would find favour with minority shareholders. They also forecast that the
      Reuter  -  404 words
    • Article
      Lock icon Hitachi posts 33pc profit fall, expects further slide
      233 6 AFP TOKYO Japanese electrical machinery giant Hitachi Ltd said yesterday that its consolidated pre-tax profit plunged 33.3 per cent from a year earlier to 375 billion yen (554.6 billion) in the year to March. The company, Japan's biggest manufacturer of electrical machinery,
      AFP  -  233 words
    • Article
      Lock icon UK panel to monitor compliance with boardroom reforms
      499 7 FT LONDON The managements of British companies would have to defer more decisions to non-executive directors and give more information to shareholders, under proposals unveiled on Wednesday, after a far-reach-ing review of corporate governance. The committee on financial aspects of corporate governance
      FT  -  499 words
    • Article
      Lock icon Canary Wharf seeks protection, UK govt rules out rescue
      500 7 The collapse of Olympia York Reuter LONDON The British government's ambitions to rejuvenate London in a grandiose partnership with private enterprise were dealt a severe blow yesterday when its star project foundered. Canary Wharf, centrepiece of former Conservative Prime Minister Margaret
      Reuter  -  500 words
    • Article
      Lock icon Italy's Cragnotti seeks to buy Del Monte
      348 7 FT MILAN Negotiations are underway for the sale of Del Monte Foods, the United States tinned foods group formerly part of RJR Nabisco, to Cragnotti and Partners Capital Investment (CANDP), the Italian financial concern trying to create an international foods operation. Some industry
      FT  -  348 words
    • Article
      Lock icon Nintendo expects 82pc US market share in '92
      381 7 Reuter SEATTLE Nintendo Co Ltd's North America unit on Wednesday projected it will control 82 per cent of the nation's estimated US$5.4 billion (SSB.B billion) video game market this year, as it steps up aggressive marketing of its newest product line. Nintendo
      Reuter  -  381 words
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      406 4 I GOLDEN PLUS I HOLDINGS BERHAD I (Incorporated in Malaysia) I NOTICE OF ANNUAL GENERAL MEETING I NOTICE IS HEREBY GIVEN that the Eighth Annual General Meeting of the I Company will be held at 15th Floor MCB Plaza 6 Cangkat Raja Chulan ***** I Kuala Lumpur on Thursday, 18
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      173 5 IV it Uinoil t jt H T W W j t-."i »*!•«< /Hi* 1 Automated Tasting High Technology Manufacturing It ral U|| Specialist Systems Digital Magnetic Media >ft *PS iK"• '<• Emphasizing the application of leading--0 edge technology Goldtron Group has emerged as a diversified and broad-based group with t
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      183 words
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  • FINANCIAL NEWS
    • SMALL CHANGE
      • Article
        Bank Summa's woes solvable: central bank
        90 8 JAKARTA Bank Indonesia, the central bank, said it was optimistic that Bank Summa, a major private bank linked to PT Astra International, could solve its troubles. "The bank is facing difficulties but within a short time these will certainly be solved," the official news
        90 words
      • Article
        Lippo Pac Finance diversifies
        74 8 JAKARTA Lippo Pacific Finance plans to diversify into financial services, insurance, property development, information technology and manufacturing. The company will seek approval of the plan during its coming extraordinary genera shareholders' meeting, scheduled for June 26. Lippo Pacific s president, Charles de Queljoe, announced the plan
        74 words
      • Article
        Pacific Bank's expansion
        73 8 KUALA LUMPUR Pacific Bank Bhd, which is spreading its wings into Sabah and Sarawak, will be spending more than ~Msl million (*****,000) to open two new branches and install 10 new automated teller machines this year. The new branches one each at Shah Alam, Selangor, and Kuching,
        73 words
      • Article
        ANZ Bank optimistic
        61 8 SYDNEY Australia and New Zealand Banking Group Ltd said its outlook was gradually improving and its profits would be boosted when conditions improve. ANZ earlier announced a 63 per cent rise in net profit after abnormals to ASI7LO million (SS2I2 million) in the six months to March
        61 words
      • Article
        Commerzbank profits up 17pc
        56 8 FRANKFURT Commerzbank reported on Wednesday that consolidated operating profits for the first four months of the year were up by 17.1 per cent from the figure for the same period of last year. Partial operating profits, excluding operations for clients, rose by 9.3 per cent to
        56 words
      • Article
        Macau rejects offer for BCCI
        43 8 HONGKONG Macau's government has rejected a joint Taiwanese and Portuguese offer to buy the liquidated local branch of the disgraced Bank of Credit and Commerce International (BCCI), the Portuguese news agency Lusa quoted officials as saying on Wednesday.
        43 words
    • Article
      Lock icon Taiwan approves opening of 11 new broking firms
      215 8 AFP TAIPEI Taiwan's Securities Exchange Commission (SEC) yesterday approved the establishment of 11 new broking firms to attract institutional funds to local securities markets, a commission official said. The liberalisation move was part of Taipei's efforts to scale up institutional investment in
      AFP  -  215 words
    • Article
      Lock icon Seoul to offer US$4b soft loans to three trust firms
      387 8 Measure will help to prop up slumping stock market and save firms AP SEOUL The government on Wednesday announced a set of special measures aimed at propping up the slumping stock market and saving three investment trusts, officials said. Investors
      AP  -  387 words
    • Article
      Lock icon Japanese panel approves Bill to set up securities watchdog
      347 8 Reuter TOKYO A Japanese parliamentary panel has approved a Bill to create a securities watchdog, paving the way for a July start to more Western-style monitoring and crackdowns on wrongdoing. Ministry of Finance (MOF) policy-makers yesterday ensured the watchdog's potential power
      Reuter  -  347 words
    • Article
      Lock icon Tokyo banks cautious about outlook
      630 8 Reuter TOKYO Japan's top commercial banks yesterday announced cautious earnings outlooks for the year to next March 31 after nine of the 11 big banks posted declines in net profits ranging from 1.1 per cent to 74.7 per cent in 1991/92. The 11 top banks
      Reuter  -  630 words
    • Article, Illustration
      Lock icon Warren Buffett steps down as head of Salomon Brothers
      171 8 AP NEW YORK Warren E Buffett, the multi-billion-aire investor who led Salomon Brothers Inc out of its Treasury bond scandal, stepped down on Wednesday as head of the brokerage firm's daily operations. Mr Buffett remains interim chairman and chief executive of
      AP  -  171 words
    • Article
      S'pore to serve as Merrill Lynch's regional centre
      433 8  -  By S N Vasuki SINGAPORE Merrill Lynch is packing more punch into its private banking business in Singapore and the region. The US investment firm yesterday announced that it would be seeking approval from the Monetary Authority of Singapore (MAS) to merge
      433 words
    • Article
      Asia-Pacific is Mastercard's star market
      392 8  -  By Kooi Cho Teng SINGAPORE The AsiaPacific region was the star performer for Mastercard International in 1991, with many countries registering triple-digit growth. At the company's annual meeting yesterday, president Pete Hart said: "TTie AsiaPacific region grew to 21.2 per cent of total world accounts
      392 words
    • Article
      Visa to use S'pore as Asia-Pac marketing base
      228 8 SINGAPORE Visa International will use Singapore as its marketing base for the Asia-Pacific region, thus relocating part of its Tokyo marketing operations here. "Singapore's business infrastructure and transportation links are the principal attractions for an international business like Visa's," said Steve Norris,
      228 words
  • Page 8 Advertisements
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      297 8 Whichever food you take, we'll give you a good start. II FLEXI-DRIVE \FWANCWG/ Things are now looking better for car buyers. |fl Flexi-Drive Fhimr lm g* With the introduction of Flexi-Drive Financing, we f Our unique Flexi-Drive Financing Scheme lets you give you the flexibility of two easy finance schemes.
      297 words
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  • THE REGION
    • Article
      Lock icon S Korean economic growth slowed in first quarter
      416 9 Analysts say slowdown can keep lid on overheating economy AP J J SEOUL South Korea's economic growth slowed during the first three months of this year after years of overheating that caused high inflation and large deficits, the central bank said yesterday.
      AP  -  416 words
    • Article
      Lock icon Small oil-exploring companies face tough times in Australia
      480 9 Reuter PERTH Small oil explorers face tough times in Australia as the industry struggles to replenish dwindling reserves amid rising environmental hurdles and tougher financial markets, analysts and industry leaders say. "It's getting a bit desperate for the smaller oil companies. We
      Reuter  -  480 words
    • Article
      Lock icon Green issues go against the tide in Hongkong's thriving economy
      456 9 AFP HONGKONG Anyone who flies into Hongkong's Kai Tak Airport on a clear day is struck by the grandeur of Victoria Harbour and the thousands of skyscrapers towering over it. Most visitors are unaware, however, that some two million tonnes
      AFP  -  456 words
    • NOTE BOOK
      • Article
        ADB approves technical help for four countries
        68 9 MANILA The Asian Development Bank (ADB) has approved small-scale technical assistance grants for Bangladesh, China, Malaysia and Nepal. China is to receive US$lOO,OOO (S$ 163,000) to prepare for the Hcfei-Jiujiang railway project which will improve the efficiency of the national transportation system. Malaysia
        68 words
      • Article
        Japan to seek easier Viet rules
        66 9 TOKYO Japan will seek fewer restrictions on exports to Vietnam and Mongolia during next month's meeting of the Coordination Committee for the Multilateral Control ot Exports (Cocom), officials said on Wednesday. But one of the officials said that during the annual meeting ot the
        66 words
      • Article
        Japan to pledge loans to Mongolia
        67 9 TOKYO Japan will pledge US$5O million (5581.5 million) in yen-denominated low-interest loans to Mongolia when it hosts a conference here this week on aid to Ulan Bator, a report said on Wednesday. Apart from official loans, Japan will share about one-fourth of US$75 million
        67 words
      • Article
        Myanmar opposition appeals to UN
        46 9 PARIS The main Mvanmar opposition leaders have appealed to United Nations Secretary-General Houtros Bou-tros-Ghali and other world leaders tor help in ending repression by the Yangon military junta and gaining the release of Nobel Peace Prize winner Aung San Suu Kyi.
        46 words
    • Article
      Lock icon Approved foreign investment in Vietnam tops US$3b
      261 9 AFP HANOI The amount of foreign investment approved since Vietnam promulgated an investment code four years ago has surpassed US$3 billion (554.9 billion), the Quan Doi Nhan Dan newspaper said yesterday. It said that in the first four months of this year alone,
      AFP  -  261 words
    • Article
      Lock icon Hanoi pushing for diplomatic ties, says US
      228 9 Reuter WASHINGTON Vietnam pushed for rapid normalisation of ties with the United States in a high-level meeting but Washington is adhering to its step-by-step approach, the US State Department said on Wednesday. The exchange came during a meeting on Tuesday between Undersecretary of
      Reuter  -  228 words
    • Article
      Lock icon Aussie group plans industrial park in Viet resort project
      261 9 AP SYDNEY A developer has announced plans for an Australian industrial complex to be established as part of a Asl4s million (S$ 178 million) hotel-and-resort project in Vietnam. The resort complex will be built on seven hectares at Vung Tau, about
      AP  -  261 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      83 9 Newsweek THE INTERNATIONAL NEWS MAGAZINE JUNE 1 1992 KSUE HIGHLIGHTS TIE INVHIOMKNT SVMUT |HH u AQfA It's Time to Talk Sense A3IA H T Thailand: Dying for k I*l k k. v jL vr 7 Democracy K SPECIAL REPORT Hp The Future is Here H The Greenhouse Debate B- U.S
      83 words
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      Page 9 Advertisements Column 2
      238 9 Now you can find out how to be free of extra fat. (free of charge) No matter whether you're male or female, being overweight isn't much fun. You've probably tried a multitude of different slimming treatments and had little success. And you're probably feeling that there s not much more
      238 words
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  • THE WORLD
    • WORLD WATCH
      • Article
        New Italian president sworn in
        82 10 ROME Oscar Luigi Scalfaro was sworn in as Italy's ninth president yesterday and immediately faced the task ol appointing a new government to tackle Italy s daunting economic and political problems. Mr Scaltaro, a 73-year-old Christian Democrat, swore loyalty to the Italian Constitution before a
        82 words
      • Article
        French trade surplus hailed
        91 10 PARIS France reported a record trade surplus on Wednesday in what government ministers and private economists alike said was further evidence of brightening economic fortunes. The surplus, adjusted for seasonal swings, leaped to 7.7 billion francs (552.31 billion) in April from 1.06 billion francs in March.
        91 words
      • Article
        EC okays tax on emissions
        88 10 BRUSSELS The European Commission on Wednesday approved proposals for the phased introduction of a tax on carbon dioxide emissions, a communique issued by the Commission said. The tax will be set at US$3 (554.89) per barrel of oil equivalent, with a progressive raise of US$l
        88 words
      • Article
        Closer E Europe-EC ties favoured
        72 10 PRAGUE Czechoslovakia and Britain on Wednesday adopted a joint declaration pressing for closer ties between the European Community and the fledgling democracies in central and eastern Europe, CSTK news agency said. Relations were notably to be developped in the economic and political areas, according to
        72 words
      • Article
        Japan studying sanctions
        59 10 TOKYO Japan is studying the possibility of introducing sanctions against Serbia and Montenegro after the European Community decided to impose trade sanctions, a foreign ministry official said yesterday. "We are studying what specific measures we can take," the official said, adding that measures taken by other countries
        59 words
      • Article
        Guangdong wooing students
        76 10 HONGKONG China's prosperous Guangdong province announced on Wednesday a series of reforms to lure Chinese students who have studied abroad, the official Xinhua news agency said. Top among the new freedoms enumerated by Xinhua was the ability to travel abroad, a dream for many Chinese. Returned students
        76 words
    • Article, Illustration
      Lock icon US to review semiconductor pact with Japan
      338 10 Reuter WASHINGTON Amid rising job losses in the electronics industry, Washington will scrutinise Japan's record in opening its markets to foreign semiconductor sales, US Trade Representative Carla Hills said on Wednesday. "We are extremely troubled by the lack of progress in improving access
      Reuter  -  338 words
    • Article
      Lock icon Iran allows full foreign ownership to attract capital
      241 10 Reuter NICOSIA Iran, making a pitch for foreign capital to revive its war-hit economy, has changed investment regulations to allow 100 per cent foreign ownership. "The present laws and regulations pose no restrictions or limitations on investment in Iran," Industry Minister Mohammad
      Reuter  -  241 words
    • Article
      Lock icon EC revises downwards economic growth forecast
      388 10 FT BRUSSELS The European Commission warned on Wednesday that the Community's economy was growing more slowly than it had predicted just six months ago, revising its estimate ot this year's real growth downwards to 1.75 per cent from 2.3 per cent before. At the
      FT  -  388 words
    • Article
      Lock icon UK economy set to improve but growth may be weak
      414 10 Reuter LONDON Britain's economy is widely tipped to return to growth this quarter, but economists doubt whether the upturn can be both strong and sustained. "The economy is likely to register below trend growth for the next five years because
      Reuter  -  414 words
    • Article
      Lock icon Russia hurtling towards hyperinflation: economists
      434 10 Reuter MOSCOW Russia's economic reform programme faced new criticism on Wednesday when a group of economists said the country was lurching towards hyperinflation. Komsomolskaya Pravda. once the newspaper of the Communist youth league, quoted economists from the independent EPlcentre research institute as describing Western estimates
      Reuter  -  434 words
    • Article
      Lock icon Iraq plagued by fake currencies
      600 10 Claim that US is leading campaign to destabilise country NYT AMMAN Iraq's economy is the target of an Americanled destabilisation campaign to pour vast amounts of counterfeit currency into the country, Arab and Western officials here say. The fake dinar notes are being smuggled across
      NYT  -  600 words
  • Page 10 Advertisements
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      263 10 I THE WINNING EDGE IN-DEPTH faMjfl BUSINESS fj TL TTHTT For over two decades Singapore Business has covered H W l the local and regional business scene with more depth and L iJU T t breadth from a perspective which is more relevant to local businessmen than any other publication.
      263 words
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      318 11 SOME EXPRESS COMPANIES THINK THEIR VANS CAN FLY. l\ s <' 1." ,v '■> I" V > > 5s fe. -;i as sua*. Mifcftdfafe3«gS > ':•&>•'' -..s >■•■ t <-V, v > \'JSpy 1 J v' x ip i t F* <i -xif fw i> y; >, 4 HraKJ 5
      318 words
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  • Article
    No need for NMPs
    499 12 EDITORIAL BEFORE the Singapore Parliament votes this afternoon on admitting nominated members (NMPs) for its present term, the debate will no doubt focus again on the question of whether non-elected Parliamentary nominees have a place in Singapore politics. This question was vigorously debated when the NMP
    499 words
  • WHAT THE OTHERS SAY
    • Article
      Restructuring attitudes
      170 12 IT IS PERHAPS unfortunate that the issue of rising health costs in Singapore should be tied to public perceptions of how restructured hospitals are performing. Logically, the two issues are separate. Restructured or not, hospital charges will reflect rising labour costs, the use of more advanced medical equipment
      170 words
    • Article
      Hone competitiveness
      156 12 AS EXPECTED, the NWC has called for moderate wage increases. This is a realistic proposal in line with the expected slower economic growth. Furthermore, the Singapore workforce must remain competitive; hence, wage increases should lag behind productivity growth. What is interesting about this year's NWC proposals is the
      156 words
    • Article
      Use manpower better
      152 12 THE MOST IMPORTANT recommendation of the National Wages Council this year is not in reiterating that wage increases should be moderate; it is in how to make use of our human resources more efficiently and increase productivity. The council has noted two phenomena. Firstly, only 10 per
      152 words
  • REGIONAL VIEWPOINTS
    • Article
      Murky way to global interests
      229 12 THERE HAS long been talk about the limits of the existing government policy on the environment founded on the two pillars of the Basic Law for Environmental Pollution Control and the Nature Conservation Law, both of which were enacted at about the time the Environment
      229 words
    • Article
      No cause for excitement
      165 12 A FINAL BEQUEST from former Financial Secretary Sir Piers Jacobs was announced yesterday with the release of the three lowest monthly inflation figures since the first half of 1991. Enjoy the thrill while it lasts; most economists believe the inflation figures for April and May will
      165 words
    • Article
      Speaking more freely
      119 12 IT IS A PITY that the government's good intentions have not borne fruit, at least when it comes to voicing new ideas. Perhaps, building on experience acquired so far, it would be advisable for the authorities to allow greater leeway for election candidates to express their views
      119 words
  • Article, Illustration
    Lock icon Steadily acquiring slices of Hongkong
    897 12  -  Simon Holberton looks at how Beijing's new, adventurous outlook on economic development is resulting in a growing desire for... Simon Holberton FT WHEN Deng Xiaoping, the 87-year old Chinese patriarch, travelled to Guangdong in January*, he was impressed with the pace of economic development. He
    FT  -  897 words
  • Page 12 Advertisements
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      202 12 The Straits Times Vteekly Overseas I Edition. Acrisp summary of j happenings in Singapore. Politics, the economy, investment j opportunities,appointments... j And snippets on Malaysia and j Asean. j 1 i. A convenient tabloid delivered to you everyweek, whereever i youmaybe. Subscribe now. And be m touch. Making an issue
      202 words
  • Page 12 Miscellaneous
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  • ANALYSIS
    • Article
      Lock icon The economics of technology and education
      827 13  -  A new study examines the growing gap in earnings between US college and nigh school graduates. Peter Passell reports Peter Passell NYT EVERYBODY agrees that incomes were less equal by the end of the 1980s than at the beginning. There is hardly a consensus,
      NYT  -  827 words
    • Article, Illustration
      Aussies waking up to Hongkong's potential
      1240 13  -  Australia and Hongkong have started forging closer economic links, to their growing mutual benefit. Florence Chong reports Florence Chong The writer Hi s Sydney o'lrcs/wndiHt IT MAY BE a thriving financial centre and the 10th largest trading entity in the world, but Australians generally
      1,240 words
    • Article, Illustration
      Lock icon Lacking the power to lure investors
      737 13  -  In Vietnam, electricity shortages top the list of foreign companies' complaints, reports Victor Mallet Victor Mallet FT FORI ICiN companies seek- I ing to profit from Vietnam's economic reforms and its untapped potential as the next big growth market in Asia are beginning to
      FT  -  737 words
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      43 13 CARPET AUCTION 120 carpets and rugs from Persia, Pakistan and Afghanistan. All carpets are backed by a full trade-in guarantee at our showroom. Auctioneer FSSiaHflasQS Presenter: LEE BOON CHUA Y PETER HEDGER 24A/26 Lorong Mambong (Holland Village Back Area) Singapore 1027 Tel: *****28
      43 words
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  • FOCUS
    • Article
      Asia-Pac nations leading world economic growth
      568 14  -  Pacific Basin Economic Council meeting Paul Gopal, reporting from Vancouver, finds out who else is trying to join Pacific club Paul Gopal, Asia-pacific nations are beginning to join forces in a way that will ensure that the region stays at the forefront of world
      568 words
    • Article
      US sets up body to help solve green issues in Asia
      309 14 THE United States has set up a secretariat in Washington to implement and coordinate President George Bush's US-Asia Environmental Partnership Initiative announced in Singapore in January. Henrietta Fore, of the US International Development Agency's Asia Bureau, said the heads
      309 words
    • Article, Illustration
      Foreign investment slowdown a welcome relief for M'sian economy
      488 14 Malaysia is not worried by the apparent slowdown in direct foreign investment, says Noordin Sopiee, direc-tor-general of Malaysia's Institute of Strategic Studies. Dr Noordin, while at the PEBC meeting, told BT the present pause in direct foreign investment after a deluge
      488 words
    • Article
      New president plans to rope in private sector
      170 14 THE new president of the Pacific Basin Economic Council, Koo Pyong Hwoi, aims to bring the private sectors of all Asean nations into the PBEC's fold by the time next year's general meeting is held in Seoul. Making the pledge in his
      170 words
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  • SPORTS 1
    • Article, Illustration
      Lock icon Who will take their places?
      613 15 French Open AP PARIS Now that he and John McEnroe have completed quick and possibly final exits from the French Open, Jimmy Connors is wondering what tennis is going to do without them. After his draining five-set loss on Wednesday to fourthseeded Michael Stich, Connors,
      AP  -  613 words
    • Article
      Lock icon Confident Chang hopes to make things happen
      343 15 AP PARIS Michael Chang says he's no longer just a baseline player and is ready to take the offensive in pursuit of the title he won as a 17-year-old in 1989. That may sound like bravado, but it comes from the player who
      AP  -  343 words
    • SIDE LINES
      • Article
        Starks will take a year to get back to jumping
        161 15 NEW YORK Llewellyn Starks, the world's fourth-ranked long jumper who is recovering extremely well trom a broken right leg, will not return to competition for at least another year. "I'll be laid up in a hospital for at least another
        161 words
      • Article
        KL to bid for games
        86 15 KUALA LUMPUR, The Commonwealth Games have always been held in the bigger countries, but Malaysia Sports Minister Annuar Musa feels it is someone else's turn. "So far none of the developing countries have made a strong bid. Now we are ready," Annuar said, adding that
        86 words
      • Article
        Indurain in comfortable lead
        56 15 SAN SEPOLCRO, Italy Spanish rider Miguel Indurain tightened his grip on the Tour of Italy on Wednesday, beating his rivals by more than half a minute in the day's 38-km time trial. Indurain's Banesto team-mate Armand de las Cuevas was second, 32sec slower, and another Frenchman
        56 words
      • Article
        Ali's gesture
        160 15 LONDON Muhammad Ali did his trademark shuffle around the hospital bed of brain-damaged British boxer Michael Watson on Wednesday and was rewarded with a smile. Watson, 27, suffered severe brain damage in a world title bout last September against another English super-mid-dleweight fighter, Chris Eubank, who won the
        160 words
      • Article
        Krabbe's case to be reviewed
        94 15 TORONTO The International Amateur Athletics Federation said on Wednesdav it will review the case of world sprint queen Katrin Krabbe, who was cleared last month of cheating in a dope test. The executive council of the IAAF meets here from today to Sunday, and top
        94 words
    • Article, Illustration
      McEnroe to battle Agassi
      435 16  -  By Susan Tsang SINGAPORE Come <3ct 2, Singaporeans ean look forward to another clash of tennis titans. Two of the game's most flamboyant characters, Andre Agassi and John McEnroe, will be the main attractions at the 1992 Super Tennis Challenge. < Local fans, who were anticipating
      435 words
    • Article
      Lock icon Romania still turning out Olympic-class gymnasts
      513 16 AP ONESTI. Romania The demise of communism may have undermined some Eastern European sports powers, but the town that produced Nadia Comaneci is still turning out Olympicclass gsmnasts. Diminutive young women whirl and flip on bars, beams and mats at the Oncsti Gymnastics Centre,
      AP  -  513 words
    • Article
      Lock icon Unser gives the NY circuit a trial run
      704 16 AP NEW YORK With the backdrop of the twin towers of the World Trade Center, Indy 500 winner A 1 Unser Jr drove a US$l million Maserati through the financial district at about 16 kph on Wednesday. The speed hardly resembled the
      AP  -  704 words
  • Page 15 Advertisements
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      193 15 PERSONAL INVESTING FINANCE SUPPT.TgIUTRTJT >92 A Special Business Times Survey July 83,1998 Bank deposit rates have plunged to one of their lowest levels. Banks and finance companies in Singapore are paying peanuts for such deposits; In some cases they are not even enough to cover the rising cost of living.
      193 words
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      Page 15 Advertisements Column 2
      183 15 SALE OF CONSERVATION SITES AT SOUTH BRIDGE ROAD AND TRAS STREET I BRIDGE ROAD (2 UNITS) sale on a 99-year lease by public tender 2 shophouses at No. 277 and No 279 at South Bridge Road and a 3-storey building at No. 32 Tras Street. These buildings are to be
      183 words
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      112 16 HpiffBSBBBpBSPiiBwBSI^HSBppBIs^ sa^B< PBBSSaBgSSSTrwy iI^V^^^SH^SHHSBHSBHBSS^SSSSaBSHiSHI > I IT B yxJi II !B I (H ■II)- 'm:mn I B H ;v r, ii w^fc^W3^^Bß ll /.,£|l SljHßiflHHllHHlH^9Ml^^B^^^^^^V Ml /i SQ llMnmliur^'ffil^B^^WMi^^B^BßS^^^^^ /Bfew I slfigß mßliii iHSrSp^^^H m^Kmmm mmm PACIFIC FIRST -**—^HH^H Vjr On exhibition above are but a tew of the many
      112 words
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  • LIFESTYLE 1
    • Article, Illustration
      Lock icon Murdered by the Mob
      876 17  -  The slaying of Italy's top Mafia hunter was a cruel blow to the country's law enforcers, reports John Follain John Follain Reuter WHEN Sicily buried its murdered anti-Mafia crusader Giovanni Falcone, mourners hurled their anger at Italian leaders. "Assassins", "Buffoons", "Mafiosi", they shouted angrily. The insults
      Reuter  -  876 words
    • Article, Illustration
      Hines to take part in Aids Walk in NY
      659 17 CHATTERBOX NEVER MIND that he is gearing up for the Tony Awards ceremony on Sunday night. Gregory Hines, the star of Jelly's Last Jam, wouldn't think of missing the Aids Walk in Central Park that morning. "It's not like I'm being
      659 words
    • Article, Illustration
      Lock icon Filling a hole in the heart
      589 19 A Japanese agency is doing just that. Clients include the busy executive, with no time for Mum or Dad, and lonely elderly parents AP THE front door swings open and the 60-year-old woman rushes into the hallway to greet her visitors a young couple
      AP  -  589 words
  • Page 17 Advertisements
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      124 17 m The Swire Group CATHAY PACIFIC FIRST ■SSSS^SS I CATHAY PACIFIC w> ARE PROUD TO UNV E I L CATHAY PACIFIC FIRST. THE RENAISSANCE OF fe FIRST CLASS TRAVEL. k K. fr \U \i i I (^ynRST The new Cathay Pacific: First is a contemporary interpretation of j time when
      124 words
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      Page 18 Advertisements Column 1
      878 18 BeflftS A Bud. where to wine, dine OF s=saas Go Fbr Gift Certificates Gift certificates from King's Hotel are in handy S5O and 100 denominations. Ideal for all occasions, they can be used for rooms and at all F&B outlets. Corporate purchases of S5OO or more entitles you to a
      878 words
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      Page 18 Advertisements Column 2
      304 18 Savour Jiangzhe Cuisine the A TASTE OF TWO PROVINCES delectable com.l bination that's IK emerged out of rich Jiangsu and S thrifty Zheqiang. An experience not to be missed. At Pine Court. Make your reservationsearly. I IN CONJUNCTION WITH I IrMMXM JIANGSU ZHEJIANG Land of AbundMKt Land of Thrth sjooapook
      304 words
  • Page 18 Miscellaneous
    • Miscellaneous
      Page 18 Miscellaneous Column 1
      612 18 TELEVISION AHP RADIO -a -a Co*d lighten« 11.30 Mden Classics KaiJ on BUSINESS ON RADIO TVi£k 7/~\i 1n cr Qnr| pcc SmVlosomki ho »m i lie young ana recKiess *s J m, SS,ST w sj! 2 wWuSr^T 900 ,#4S fe ir es^ _Po tod ».smm• »«*Bmdh Adventures I* BekyeUtillg. Convert
      612 words
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      276 19 AND ENTERTAIN I I Hubertus Grill Goes Austrian Again; I The ever-popular Austrian Food Promotion is on I again at Hubertus Grill... I Come savour this annual affair of glorious Austrian I specialities... I Dinner only I 7pm to 10.30 pm I i Q "in Mav IQQ9 ANA HOTEL 19-30
      276 words
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      Page 19 Advertisements Column 2
      344 19 a ,m 'f>' l(gjC) (jg) (jjQll 9-COURSE DELICACIES BONUS ITEMS Vgff I 8 Assorted co I HETV] S sf,nw/crab ;j S Steamed chtcken 3 g w/Broccoli I Euroa 35 on A jjj Red fish w/soya jjj amen crumb g Free flow of Mm* A beer jjj Deep fned salted 3
      344 words
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  • STOCK EXCHANGE OF SINGAPORE 1
    • Article, Illustration
      Foreign funds send shares up for fourth straight day
      972 20  -  By Quak Hiang Whai SINGAPORE share prices advanced for the fourth consecutive day yesterday on renewed interest from foreign funds and institutional investors. The Straits Times Industrials Index surged from the opening bell and ended the day 21.61 points higher at
      972 words
    • Article, Illustration
      Lock icon HOT STOCK
      69 20  -  By Chew Eng Han Comment TAN CHONG should turn up any time now, after a 60-cent correction from its peak in March. Possible bullish convergence signals are showing on the daily stochastics. As long as $1.70 holds, a rise to $1.92$1.95 is likely, otherwise the downtrend extends to
      Source: Bridge Info  -  69 words
    • Article
      Untitled
      2389 20 MAIN BOARD Gr's Gr's 1992 Tel C«t Last Vol Doy Last Qrnte Di* YH Nfl High Low Code Company Traded Sale +or- 0000) Higli Low Bayer Seller Cn P/E Smil H s INDUSTRIAL AND COMMERCIAL tttt 220 ,70 1000 Acma IM <« 57 l» >" 'JJ JJ i°j 58 11?
      2,389 words
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  • Article
    STOCK EXCHANGE OF SINGAPORE 2
    2737 21 DBS Foreign I -UX > t 50 3.7% OCBC Foreign 1330 50 +3.9% GE Life I WO t 40 +2.1% Jurong Ship SO* 1060 1 40 3.9% SIA Foreign 40 2 1% FAN 1080 U> 2.9% Keppel Corpn 835 30 t 3.7% Robinson 705 VI
    2,737 words
  • Page 21 Advertisements
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      Page 21 Advertisements Column 1
      50 21 :r y, X* v iU frX i v \->.*- 4; Master Card. jpHHHJHk With over 170 million cards accepted at over 9 million establishments, no card is more J| honoured around the world. MasterCard card also gives THE MASTER you easy access to cash at 200,000 bank branches and ATMs
      50 words
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  • Article
    STOCK EXCHANGE OF SINGAPORE 3
    3178 22 Magnum Corp 50* 382 6 1.6% UMW 277 6 22% M Banking 530 +5 +1.0% Guinness 50* 340 1 4 +1.2% Amal Steel 50" 2(W 3 1.5% NST 324 2 0.6% Tan Chong 50* 176 +-2 +1.1% Tractors 50* 197 +2 +1.0% Berjava Ind 64+1
    3,178 words
  • Page 22 Advertisements
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      48 22 4 t If mi > »:x:,w CAN THIS MAN STOP THE LIONS? Pahang defender Alan Edward Davidson is the man who can thwart the Lions tomorrow, says ABDUL SHUKOR. Find out about the former Australian captain in today's New Paper. SINGAPORE vs PAHANG At Kuantan ,%uY Tomorrow finer W
      48 words
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  • KUALA LUMPUR STOCK EXCHANGE
    • Article, Illustration
      Lock icon Tenaga, Telekom surge but broader market sags
      1129 23 Bernama KUALA LUMPUR stock prices ended lower as investors focused on newly-listed Tenaga Nasional which made an impressive debut while the other utility firm, Telekom. reached a record high price yesterday. In brisk trading, the KLSE Composite Index rose 8.97 points to 600.17.
      Bernama  -  1,129 words
    • Article
      Untitled
      3660 23 1992 I-ast Vol Day Net Cap High Low Telcode Company Sale "OOO High Iw P/E Smil INDUSTRIALS ■>■»! AI SB 50* 174 -I 16 172 15.5 414 314 7004 ASM 50* 320 unch 194 320 316 16.8 13^5.8 650 530 7000 Acidchem 605 unch 3 605 605 -0.9 2 515
      3,660 words
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  • STOCK EXCHANGE OF THAILAND
    • Article, Illustration
      Lock icon Stocks fall on interest rate, political fears
      1792 24 UPI, Reuter THE continuing political uncertainty and the possibility of higher interest rates pushed shares lower on the Thai stock market in light trading yesterday. The SET Index lost 10.92 points at 704.83. "We're short of positive news while the political climate is
      UPI,; Reuter; Source: Bridge Info  -  1,792 words
  • Page 24 Advertisements
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      Page 24 Advertisements Column 1
      102 24 The Jakarta stock market was closed yesterday. /J# I i lltI It could be a controversial deal between two stock market stars, a thought-provoking report by university researchers on the latest trans-European FOCUS zooms in on the news and issues of the day and looks at them in more depth
      102 words
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      Page 24 Advertisements Column 2
      63 24 THE WINNING TEAM W/fmk CLASSIFIEDS! Call *****46/*****52 |u*>> i 1 The E/ecutve Housekeeper -this Ujbel J O I I wants is me. fcub I'll never nglec4l Any Job. Any Career. Available Any Day. Any Time. Anywhere. The Straits Times The Sunday Times Business Times The New Paper LIANHE ZAOBAO LIANHE
      63 words
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  • TOKYO STOCK EXCHANGE
    • Article, Illustration
      Lock icon Stocks close firmer on futures buying
      2514 25 Reuter TOKYO stocks closed firmer yesterday, buoyed by tutureslinked buying. But, with a lack of fresh factors and the continuing roll-call ot poor earnings announcements, most investors stayed away, brokers said. Incentive-back-ed issues remained the focus of trade. "Overall, the market is looking fragile
      Reuter  -  2,514 words
  • STOCK EXCHANGE OF HONGKONG
    • Article, Illustration
      Lock icon Hang Seng sharply lower on late sell-off
      2694 25 Reuter HONGKONG share prices yesterday ended sharply lower on a heavy sell-off of selected blue chip counters, brokers said. The Hang Seng Index slid 94.57 points, or 1.55 per cent, to close at 5,988.13. It hovered above 6,000 throughout the morning session until
      Reuter  -  2,694 words
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  • BT SHARE INFORMATION SERVICE
    • Article
      AUDITED RESULTS
      474 26 Company Date Year Group Net Net earnings Gross ann to profit/toss (L) P«r sMare dividend (•000) (cents) Ctem Inds May 26 Mar 92 $9.848($8.714) 40 8(39 7) 15(15) lardineM May 26 Dec 91 US$270 8m ($229 8m) 32 2(29 7 210(80) JardmeS May 26 Dec 91 US$233 2m($212
      474 words
    • Article
      PRELIMINARY RESULTS
      177 26 Company Oat* Year Croup pre-tax Net earnings Cress ami te profit/loss (L) per share dividend (•000) (cents) Roth inds Ma, 25 Mar 92 $48.303n($66.877) 3*9(39 9) 50(65) Uniohoenu May 22 Dec 91 M$18.397($11.871) 5.4(4.2) 3(-) Rotfimans M May 14 Mar 92 M$326.578($303.607) 744(65 1) 110(85) Metroplex May 11
      177 words
    • Article
      INTERIM RESULTS
      143 26 Company Date Half-year Mm sim to profit/loss (L) wwbmb <*•••) Ganda HWgs May 25 Mar 92 MJ2.M8($554l) Samanda Hldgs May 25 Mar 92 MJ7,006($5,558) 3( C4C Ltd May 22 Mar 92 J56.395($49.453) 5(5) St May 14 Feb 92 MJ46.248(*43.849) 5(10) Z 1 K K«.M3<$14 «3) H Msia May
      143 words
    • Article
      DIVIDENDS ANNOUNCED
      1343 26 Current Ex Inks Date T*W fcf Wil tar I payment date dot* payahte the y#ar last year Aona 5% Jun 5 Jun 18 Jul 2 12 2% 10%1E I 25% Jun 3 k»b 16 Jul 23 251 1 B Raya 1% Jun 24 Jul 8 MM 3* 2%
      1,343 words
    • Article
      CORPORATE DEVELOPMENTS
      469 26 May 27 Vfog Tai Hokfings Ltd released 17.6 m new shares, or 10% of its paid-up capital, at $1.72 apiece. May 25 Cyde ft Carriage Ltd (CCL) said it has secured approval to divest part of its stake in wholly-owned subsidiary Cycle Carriage Malaysia (CCM). CCL proposes to
      469 words
    • Article
      APPROVED ISSUES
      385 26 Company Rights Issue Komi Franc* One-tor four (a, SI 10 per share Ex-date May 25 Books dose ton 4 Acceptance I Payment NVA Company Bonus Issue Itaal Onefor three Ex-date NYA Books dose HYA San Teh One-tor ten Ei-date ton 1 Books dose ton 5 Keppel Franc* One-tor
      385 words
    • Article
      COMPANY MEETINGS
      273 26 bitraco Ltd; 23rd AGM at the Registered Office, 456 Alexandra Road, #14-00 NOL Building, Singapore 0511, on Friday, May 29, at 10am Urited Overseas France Ltd: 25th AGM at the Board Room, 30th Storey, UOB Building, 1 Bonham Street, Raffles Place, Singapore 0104, on Friday, May 29, at
      273 words
    • Article
      SCRIPLESS CONVERSIONS
      62 26 Conversion Special Trdg Scripiess Conversion deadline Period Trading Company starts (IDP) (ST) st*t» Gold Coin May 12 Jun 8 Jun 23 Keppri Finance Jun 10 Jul I Jun 19 Jul 1 Jul 2 UOL Apr 30 May 22 May 11 May 22 May 25 Keppri Corp Jun 12
      62 words
    • Article
      MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      288 26 In local cwt In S$ dy >t dy >t dy yr May n Index chge chge chge chge chge chge World 395.3 -0.2 -3.2 -0.8 -5.1 -1.1 -59 FAFF ...478.4 -0.7 -4.7 -1.6 -8.0 -1.9 -8.8 FuroDC ..454.3 -0.4 10.5 -1.5 5.6 -1.8 4.7 S?
      288 words
    • Article
      SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS
      619 26 Stock Traits tagMaratf Date Miliar Substantial SkarakaMar/Mractar Sail Skaras invahrad Anawrt SI B«fore Ckga Aft ar Ckga Ul Securities IN Securities 14/05/92 14/05/92 Chung Khiaw Bank Ltd UOB Group B B 15.000 15.000 12,075 12,075 10.554.000 41.521.200 000 4190 10.569.000 41,536.200 000 42 00 Jenture Mfg 13/05/92
      619 words
  • Page 26 Advertisements
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      Page 26 Advertisements Column 1
      32 26 llr.iii Will—l|< Engineer FOR RELIABLE SERVICE, PRODUCT AND SYSTEM, YOU CAN DEPEND ON TEAM TRANE. If BRP^III^k Equipment Systems. Engineer lnss\ THE BEST VALUE- CALL: 468 8622 FOR ENQUIRIES. FAX 468 1828
      32 words
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  • AUSTRALIAN STOCK EXCHANGE
    • Article, Illustration
      Lock icon Share prices end higher, boosted by economic data
      2161 27 Reuter AUSTRALIAN shares recouped some of their recent losses to end higher yesterday, encouraged by stability in overseas markets and positive local economic data. Brokers said the market opened quietly but some solid buying emerged at midmorning and gains were recorded across
      Reuter; Source: Bridge Info  -  2,161 words
  • REGIONAL STOCK MARKETS
    • Taiwan stocks close lower on late selling
      • Article
        TAIPEI
        535 27 TAIWAN share prices finished lower across the board yesterday on late prof-it-taking in financials, and major players started to withdraw from the market, brokers said. The weighted index lost 40.36 points to close at 4,501.02. Turnover was NT$2l.9 billion after Wednesday's NT522.07 billion. Brokers said early gains in financials
        535 words
      • Article
        SEOUL
        838 27 A SELL-OFF stemming from investors' disappointment at the government's measure to help debt-ridden investment trust firms led the index to close 6.60 points lower at 578.63, brokers said. "Investors are disappointed. The news was much less than expected. It doesn't really put money into the market, thus no help
        838 words
      • Article
        WELLINGTON
        249 27 STRONG performances from three leading stocks countered the New Zealand share market's losses yesterday, boosting the NZSE-40 capital index to a new closing high for 1992. Brokers cited differing reasons for the buoyancy of the three leaders; Telecom, up six cents to NZ$2.O6, Fletcher Challenge, up eight to NZ$3.6B,
        249 words
      • Article
        BOMBAY
        67 27 SHARE prices in Bombay tumbled in volatile trading on Wednesday, brokers said. They said the BSE asked 14 brokers to square up outstanding sale posi- tions in 20 stocks held by three brokers suspended for their involvement in a securities scandal. The BSE index opened at 3,307.02 before falling
        67 words
      • Article
        Untitled
        573 27 ■TVP(|999!H|RnRff3*lll' Close Prrriow May 28 NEW ZEALAND NZSE-40 Capital 1.558 68 1.540.21 +18.47 MANILA Composite Index unav 1,421.83 Turnover (mil pesos) unav 315.07 TAIPEI Weighted Price Index 4.501.02 4,541.38 -40.36 Turnover (NTS billion) 21.9 22.07 -0.17 SEOUL Composite Stock Index 578.63 585.23 -6.60 Turnover (billion won) 325.5 275.7 +49.8 New
        573 words
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  • WORLD STOCK MARKETS
    • Stocks in New York stage mild rebound
      • Article, Illustration
        NEW YORK
        1428 28 MOST STOCKS on Wall Street rebounded in quiet trading on Wednesday as the energy sector and the rest of the market reversed directions following Tuesday's broad sell-ofT, which was fuelled by rising oil prices. The Dow Jones Industrial Average gained 6.23 points to 3,370.44. Among the broad gauges,
        1,428 words
      • Article, Illustration
        LONDON
        886 28 LONDON shares continued their downward drift on Wednesday, and the index of 100 leading shares dipped below the 2,700 level, depressed by bearish comments at various companies' annual general meetings. But shares closed at the day's highs, boosted by a firmer Wall Street opening. Earlier, concerns about the effect
        886 words
      • Article
        FRANKFURT
        269 28 GERMAN shares on Wednesday dropped further below the 1,800 level on the 30-share DAX index on rumours from abroad that German Chancellor Helmut Kohl would resign. A spokesman for the government in Bonn said Mr Kohl certainly had no plans to resign. Mr Kohl's Christian Democrats and opposition Social
        269 words
      • Article
        AMSTERDAM
        73 28 DUTCH shares drifted down with foreign bourses on Wednesday in a calm session marked by anticipation of an effective four-day weekend from yesterday, dealers said. The EOE index closed 1.57 down at 316.27. Most mainstream stocks were narrowly weaker as recent demand ebbed and a few players took some
        73 words
      • Article
        PARIS
        172 28 THE Paris bourse suffered a new loss on Wednesday, as the CAC 40 stock price index ended the day at 2,014.09 points, down by 0.76 per cent from the Tuesday close. The indicator had opened with a 0.40 per cent decline and was as low as 2,004.44 late in
        172 words
      • Article
        MILAN
        165 28 ITALIAN shares closed broadly lower on Wednesday with light volume as the market waited for a government to be formed following Monday's election of Oscar Luigi Scalfaro as president. "It's a market that's neither going up nor down," one broker said. "We're waiting for a sign about the disastrous
        165 words
      • Article
        ZURICH
        227 28 SWISS shares closed broadly lower on quiet business on Wednesday. Trading ended early because of yesterday's holiday. The All-Share SPI Index fell 4.3 points to 1,198.4 and the SMI index of leading shares dropped 10.3 to 1,914.2. Dealers said weak bond markets and lower share prices on other European
        227 words
      • Article
        STOCKHOLM
        91 28 SWEDISH shares ended lower on Wednesday ahead of yesterday's holiday in trendless trade. Banking shares recovered a third of Tuesday's 3.6 per cent fall in the only significant event. The all-share index closed 0.59 per cent down at 971.58 while top-16 index lost 0.78 per cent. Volume was 300
        91 words
      • Article
        BRUSSELS
        184 28 BELGIAN shares closed 0.25 per cent higher in moderate trade on Wednesday, building modestly on Tuesday's gains, before the four-day Ascension holiday weekend starting yesterday. Trading was interrupted for an hour because of a bomb alert at the bourse building. The Bel-20 index of leading shares closed 3.03 points
        184 words
      • Article
        JOHANNESBURG
        442 28 PROFIT-TAKING and squaring of po* sitions ahead of the Ascension Day holiday yesterday saw the Johannesburg Stock Exchange's industrial blue chips ease on Wednesday, but dealers said overall market sentiment was still strong. They said investors were taking 1 profits after Tuesday's rise which saw« the Industrial Index touch
        442 words
      • Article
        TORONTO
        333 28 TORONTO stocks ended barely changed from the day's opening, though" telephone utilities shares dipped and oil shares continued to climb, dealers said on Wednesday. Telephone shares fell on nervousness over an impending regulatory decision on long distance telephone service. Oil shares jumped as the market continued to factor in
        333 words
      • Article
        Untitled
        123 28 May 27 (Imc Prrviom NEW YORK Dow Jones 3,370 44 3,364 21 +6.23 SAP 500 412.17 411.41 +0.76 Turnover (million) 182.24 197.70 -15.46 LONDON Financial Times 30 2,120 4 2,133.4 -13.0 HTSE 100 2.698.6 2,704.6 -6.0 Turnover (million) 607.9 402.8 -t-205.1 FRANKFURT DAX Index 1,794.00 1,806 66 -12.66 AMSTERDAM EOE
        123 words
  • Page 28 Advertisements
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  • CURRENCY, MONEY & FUTURES MARKETS
    • Article
      Greenback ends lower on apparent BOJ intervention
      1217 29 REPORTS Tokyo: The US dollar yesterday closed lower against the mark and the yen from New York. Apparent Bank of Japan (BOJ) sales near 130.20 yen in mid-morning, though not confirmed by dealers, pulled the US dollar down, Tokyo dealers said. "1 don't
      1,217 words
    • Article
      Lock icon Stability of NZ dollar forces forex price makers out
      342 29 Reuter WELLINGTON The stability of the New Zealand dollar, once the darling of the so-called "exotic" currencies, is forcing foreign-exchange price makers out of the country. When the "kiwi" was floated in 1985, it was a speculator's dream come true here
      Reuter  -  342 words
    • Article
      FINANCIAL FUTURES
      1460 29 SIMEX EUWOPOUJW Open High Low Sett Est Vol Act/Vol Op/Int Jun 92 95.96 95.99 95.95 95.98 2200 4855 ***** Sep 92 95.68 95.68 95.66 95.68 6100 ***** ***** Dec 92 95.01 95.01 94.98 94.99 3400 9876 ***** Mar 93 94.84 94.85 94.83 94.85 850 3071 6730 Jun 93
      1,460 words
    • Article
      MONEY MARKET
      376 29 Cross rates M« y 28 USS SS MS Dm Yen SFr AS NZS USS 1.6360 2.5310 1.6370 130.10 0.5571 1.4910 1.3175 1.8622 SS 0.6112 1.5471 1.0006 79.5232 0.3405 0.9114 0.8053 1.1383 MS 0.3951 0.65 0.6468 51.4026 0.2201 0.5891 0.5206 0.7358 Dm 0.6109 0.9994 1.5461 79.47 0.3403 0.9108 0.8048
      376 words
    • Article
      INTERBANK FOREX RATES
      531 29 Interbank rates SS Bid Offer Overnight 2 13/16 2 15/16 I-month 3 3 1/8 2 month 3 1/16 3 3/16 3-month 3 1/8 3 1/4 Overnight mode: 2-7/8 TS$ Bid Offer 7 days 4 4 1/8 r month 3 15/16 4 1/16 2 months 3 15/16 4
      531 words
  • Page 29 Advertisements
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  • COMMODITIES
  • Article
    PRICES
    1616 30 Rubber MKELB (frfc In N*w) (M cents/kg) I Noon Close Int 1 RSS June 92 2I8.5<V220 50N 219.00/221.00 Int 2 RSS OP 216.50/217.50N 216.50/217 50N 1 UK/Cont 215.50/216.50N 215.50/216 50N Int 3 RSS OP 2I4.00/2I5.00N 2I4.0CV*****N UK/Cont 2I3 00/2I4.00N 213 00/214 OON Int 4 RSS OP 211 00/2I2.00N 211
    1,616 words
  • Page 30 Advertisements
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      Page 30 Advertisements Column 1
      917 30 BUSINESS TIMES Toll tree Tel No: 737 0043 -Fax No: 734- 3600 IN THE MATTER OF THE COMPANIES ACT (CHAPTER SO) AND IN THE MATTER OF TAN KIEM TIE (PRIVATE) LIMITED (Incorporated In Ihc iltpubHc of Singapore) (MEMBERS' VOLUNTARY WINDING-UP) NOTICE IS HEREBY GIVEN pursuant to Section 306 of the
      917 words
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  • Article
    AIRCRAFT ARRIVALS AND DEPARTURES
    1362 31 City Flight ETA Flight ETD Mm Dfcato GA970 2035 Adotatde QF81 1955 yf8J 2205 SQ227 2230 faMIM RJ182 1440 RMi 2340 kmsitnUm KL837 1255 SQ24 0115 SQ323 1815 K1838 2240 MfceM SQ348 23QO Auckland NZ35 1550 SQ285 2115 SQ288 2030 NZ36 2355 BA12 2200 Bahrain GF149
    1,362 words
  • THE TRAVEL PAGE
    • Article, Illustration
      Backwoods room with a full view
      639 31  -  LETTER FROM COLORADO By Barry Meier IN MANCOS, the newest motel room also has its most spectacular view, a 360-degree vista that sweeps over the mesas of Arizona, across the deserts of Utah and back around to snow-capped Colorado peaks. But the lodging does
      639 words
    • Article
      FOREIGN CURRENCY NOTE RATES
      151 31 As at 10am yesterday: IxKal dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.2360 1.2527 Canadian dollar 1.3412 1.3684 NZ dollar 0.8684 0.8859 Sterling pound 2.9255 2.9650 US dollar 1.6320 1.6400 IjooU dollars to 100 units of foreign currency Austrian schilling 14.05
      151 words
    • Article
      WORLD TRADE EXHIBITIONS
      50 31 Duration Title Venue Organiser Tel Duration Title Venue Organiser e^ June 20- Jakarta Fair Jakarta Yayasan (62)21/*****00 July U 6th Hongkong Hongkong Headway Trade <852)*****21 j ulv g Penyelenggara International Convention Fairs Ltd Fax.*****64 Pameran Dan Fashion Jewellery Exhibition Pekan Rava A Accessories Centre Jakarta a r
      50 words
  • Page 31 Advertisements
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      Page 31 Advertisements Column 1
      38 31 What's theprice for a united Europe? Exactly the same when you fly to any one of Finnair's 35 European destinations. Check with your travel agent or call *****77 for more details. We know Europe from (tart to Pinnieh
      38 words
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      Page 31 Advertisements Column 2
      8 31 Innovation and Technology in Business Times on Tuesday
      8 words
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      Page 31 Advertisements Column 3
      129 31 B U S I N E S S__XJ_M_E_Jl Toll free Tel No 737 0043 Fax No; 734 3696 Naked Truth: Exposure in The Straits Times Classified catches the eye. FOR SALE BY TENDER HYTECH MARINE PTE LTD (IN COMPULSORY LIQUIDATION) Tenders are invited for the purchase of the following assets
      129 words
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      Page 31 Advertisements Column 4
      152 31 PORTCULLISINVKSTMKNT PTK LTD (In Member*' Voluntary liquidation) NOTICE or FINAI. MKKTINCi NOTICE IS HEREBY GIVEN pursuant lo Section MIK of the Companies Act Cap. 50 thai the Final Meeting ot the members of the ahovenamed Company will he held at 8 Robinson Road «KN (K). Singapore 0104. on W June
      152 words
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      Page 31 Advertisements Column 5
      363 31 IN THE MATTER OK THE COMPANIES ACT, CAP. 50 AND IN THK MATTKR OF SKRKNK AGENCIES PTE I.TI) I Incorporated in the Republic of Singapore I At an Extraordinary General Meeting of the members of Serene Agencies Pie Ltd duly convened and held at 10 Anson Road #18-06 International Plaza
      363 words
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      Page 31 Advertisements Column 6
      323 31 M THE MATTER OFTHECOMPANES ACT, CAP. 90 BAN LOONG COMPANY (PTE.) LMTED 0n Vofcutey UquMittori) Al an Extraordrary General Meeting of the members of BAN LOONG COMPANY (PTE.) LIMITED duly convened and hald at 6001, Beach Road, #1401. Golden Mia Tower, Singapore 0719 on the 26 day of May 1992,
      323 words
  • Page 31 Miscellaneous
    • Miscellaneous
      Page 31 Miscellaneous Column 1
      274 31 IM .A I I i|m|l "j 1 To make sufficient to live requires 6 Add about a hundred for Jq—^^^" 10 Hollow but firm decoration BH~~ R^lli~ 11 Force the taking of exercise j manoeuvring 19 may be used them 21 The director is a good man 22 I p5
      274 words
    • Miscellaneous
      Page 31 Miscellaneous Column 2
      163 31 Singapore Outlook: Showers over several areas in the afternoon. Report Maximum temperature 34.1 Assoc humidity 60% Minimum temperature 25.5 Assoc humidity 96% Hours of sunshine 8.40 Rainfall in mm 7.5 Rainfall this month 62.3 Rainy davs this month 12 World forecast Asia-Pacific Hi/Lo* Cond. Auckland 14/04 Cloudy Bangkok 36/26 Cloudy
      163 words
    • Miscellaneous
      Page 31 Miscellaneous Column 3
      19 31 ~~T TT Me cpne, out u>i7h not ftuoujiMc: (areaa** iT JONGS LAST LjONGCR A 665 associated NtWSPAPtRS LTO MMM
      19 words
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  • Article, Illustration
    Lock icon Deng carries battle to state industries
    372 32 Reuter BEIJING China's paramount leader Deng Xiaoping has taken his battle for faster economic reform to the massive state industries that are the heart of the socialist system. Mr Deng, 87, last week inspected Beijing's Capital Iron and Steel Corp, with 185,000 employees one
    Reuter  -  372 words
  • Article
    Lock icon Congress begins vote count to decide President
    232 32 Philippine election AFP, Reuter MANILA After the Philippines' slow "quick count", it is time now for the slow, slow count. Four days behind schedule, the Philippine Congress yesterday began the laborious process of tabulating votes to decide the winner in the May 11
    AFP,; Reuter  -  232 words
  • Article
    Lock icon Manila approves US$153m aircraft repair centre
    215 32 UPI, Reuter MANILA The government has approved a U*****.4 million (SS2SO million) aircraft repair and maintenance project in what could be a major boost to the Philippine aviation industry, officials said yesterday. The Export Processing Zone Authority said Asia-Pa-cific Maintenance Inc, an Australian-British consortium,
    UPI,; Reuter  -  215 words
  • Article
    Lock icon Asia will still get bulk of Japan's yen loans
    206 32 AFP, Reuter, Bernama KUALA LUMPUR Asian countries will continue to receive the bulk of Japan's yen loans, although Tokyo's lending to countries outside the region is rising, a senior Japanese official said yesterday. "Traditionally, Asia takes about 80 per cent of
    AFP,; Reuter,; Bernama  -  206 words
  • Article
    Business leaders concerned about world trade
    272 32  -  From Paul Gopal in VANCOUVER BUSINESS leaders attending the Pacific Basin Economic Council (PBEC) meeting expressed concern over the future of world trade. In a joint conference statement, they noted that it slowed in 1991 and that prospects for near-term growth had been dampened
    272 words
  • Article
    Lock icon Hongkong takes major step towards setting up monetary authority
    362 32 Reuter HONGKONG Hongkong took a major step yesterday towards setting up a monetary authority as the parent of Hongkong and Shanghai Banking Corp. once the colony's de facto central bank, lays plans to move to London. The government's Office of the
    Reuter  -  362 words
  • Article, Illustration
    Can the general and the film star get their act together?
    757 32  -  The Bottom Line HARISH MEHTA HARISH MEHTA The writer is a BT correspondent VERY SOON after the two men tipped to be the next president and vice-president of the Philippines assume office. they are likely to fall out over
    757 words
  • Article
    Lock icon Bond convicted of dishonesty, sentencing set for today
    222 32 Reuter, AFP PERTH Bankrupt Australian businessman Alan Bond was convicted of dishonesty yesterday for his role in a rescue bid for collapsed Western Australian finance company Rothwells Ltd. Bond. 54. was found guilty by a jury of four men and eight women
    Reuter,; AFP  -  222 words
  • Page 32 Advertisements
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      Page 32 Advertisements Column 1
      72 32 The World's Finest Photographic System Eh SIMGAPOaf: 7»«24mi!.Vnß,M 'I* •<«»»,■«"• M tlx," t WiMi I PjlWr*u«,sim M 71J12W541 RjAr* M t«1241 »un*i Iwmwvii I (MttMWaiM M > '<••*»> WWW MALAYSIA IHI *CLASS« t« lIK ftvlw Kujli lumeor WOl hudO Pli/J «tuU lum»»" '<■< <H YWU J4 AUSI*AIIA Olt WAICHGAiIIOT •Wj'raWifHir
      72 words
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      Page 32 Advertisements Column 2
      15 32 Asia-Pac nations leading world economic growth; Investment slowdown a relief for M'sian economy. Pr 14
      15 words
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      Page 32 Advertisements Column 3
      176 32 fTmm I Seminar I Securitisation of I Assets I Asset securitisation is a common product in Europe and North America. This seminar aims to provide a detailed insight into how a successful securitisation of assets can be packaged It also provides a clear understanding of the issues faced by accountants.
      176 words
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  • Shipping Times
    • Article
      Straits-NZ conference defers plan to raise rates
      383 33  -  By Dexter Lee SINGAPORE Members of the Straits-New Zealand conference are reviewing a plan to increase freight rates following the unexpected entry of NZ-Orient Lines into the South-east Asia-New Zealand trade route last month. The Straits-New Zealand conference comprises four carriers Nedlloyd Lines
      383 words
    • Article
      Lock icon US to impose sanctions on ships that trade with Haiti
      327 33 AFP WASHINGTON The US administration plans to deny docking rights in US ports to all foreign ships that break the embargo on Haiti by conducting business there, the State Department said on Wednesday. Spokesman Richard Boucher said the US move
      AFP  -  327 words
    • Article
      Lock icon Canadian grain shipments to Russia fall
      277 33 Reuter OTTAWA Canadian grain shipments to Russia have tumbled because the Russians are unable to find vessels to ship the grain, government officials said on Wednesday. The Canadian Wheat Board will cut the amount of grain it is sending by rail to both East
      Reuter  -  277 words
    • Article
      SML salves $13m worth of cargo off Kuantan
      217 33 SINGAPORE Sembawang Maritime Ltd (SML) successfully salvaged $13 million worth of cargo on a medium sized bulk carrier that suffered a 17 degree list off the coast of Kuantan. The MV Golden Promise. a 26,610 deadweight tonne bulk carrier, was transporting a
      217 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      1164 33 Page Col ABC Containerline 12 1 Accord Group 8 1-3 Ahrcnkicl Liner 16 4 Allied-Link 16 4/5 Alpha Feeders Anglo Orient 16 1/2 ANL 3 1/2 APL 5 3-5 Arrow Int 9 2 Asian Break-Bulk 16 4 ASXCL Shpg 15 2 ASCL 5
      1,164 words
    • Article, Illustration
      Hapag-Lloyd dependent on Far-East liner business
      444 33  -  By Juliette Walker SINGAPORE HapagLloyd's Far East liner service ranked as the German carrier's fastest growing market last year, with somewhat more stable rates and distinctly higher cargo volume. Olaf von Maydell, managing director for Hapag-Lloyd (Asia), told BT that AsiaEurope liftings accounted for
      444 words
    • NEWS SUMMARY
      • Article
        Opportunities plus potential
        33 33 SHIPYARDS in the Commonwealth of Independent States may very well be a major contributor to the economic development of the region, according to a study done by APA Page 2
        33 words
      • Article
        Finnair sees potential in Russia, Baltic
        41 33 FINNAIR, Finland's domestic and international carrier, plans to capitalise on the country's proximity to Russia and the newly independent Baltic republics. It also sees Helsinki airport developing as a major hub in Europe Back Page
        41 words
      • Article
        British Airways seeks 3 international partners
        41 33 BRITISH Airways pic, in its goal to be one of the giant global carriers to survive into the next century, would like to find three partners, chief executive Colin Marshall said on Wednesday Back Page
        41 words
      • Article
        Japan Airlines considers hiring Russian pilots
        35 33 JAPAN Airlines, the leading Japanese carrier in both international and domestic flights, is considering recruiting Russian pilots for its international routes, sources within JAL have said recently. Back Page
        35 words
      • Article
        American Airlines halves fares
        40 33 AMERICAN Airlines raised the stakes in the fare wars on Wednesday by announcing a 50 per cent cut in its lowest fares less than 24 hours after Northwest Airlines offered a two-for-one summer fare Back Page
        40 words
    • LOG BOOK
      • Article
        Rocket blasts off with satellite
        115 34 CAPE CANAVERAL A 39-m unmanned Delta rocket blasted off on Wednesday with a satellite that will add telephone and colour television circuits to communications for Indonesia and other Asian countries. The 1,254-kg Palapa satellite, 2.7 m in diameter and almost 7 m in height when
        115 words
      • Article
        S Korean boat held in Argentina
        101 34 BUENOS AIRES Argentine patrol boats Wednesday detained a South Korean-registered boat for illegally fishing in Argentina's territorial waters, officials said here. The Jaewon II was intercepted 199 nautical miles off the port of Quequen in the south of Buenos Aires province, and was found
        101 words
      • Article
        US Coast Guard fines Saudi Arabian ship
        96 34 WASHINGTON The US Coast Guard has fined a Saudi Arabian ship US$2O,OOO (5532,640) for dumping a bag of garbage into Delaware Bay last year, the Coast Guard said on Wednesday. The bag was picked up by a New Jersey State Police officer patrolling
        96 words
      • Article
        Cuba seeks to free food aid ship
        150 34 HARARE Cuban officiate are trying to w in the release of a ship that was hijacked to Cuba while carrying emergency food aid to Zimbabwe, officials said on Wednesday. Cuban Ambassador Eumelio Caballelo said his government was negotiating in Havana with the Ecuadorian
        150 words
      • Article
        Maltese bulker grounded
        46 34 LONDON The Maltese-flag bulk carrier Dimi has run aground off the Dominican Republic, Lloyd's Shipping Intelligence Service said on Wednesday. It is not known if the 19,513-dwt vessel has sustained any damage. The master said he believed the vessel had not been holed.
        46 words
    • Article, Illustration
      Lock icon Opportunities plus potential
      911 34 Shipyards in the Commonwealth of Independent States may very well be a major contributor to the economic development of the region, according to a study done by APA Fairplay SHIPYARDS in the ex-Soviet Union could be a catalyst for economic development, with the capacity to earn up
      Fairplay; Source: A and P Appledore International  -  911 words
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      VERITAS BUNKER QUALITY REPORT
      523 34 Cartoon I Mav 21 Density Water Residue Ash Alt minium S edanent Dens *1 Water Res idue Ash Mm nt M/M Fnon M/M Eaon 1 KG/M'3 V/V M M M/M PPM method KG/M*3 V/V M/M M/M PPM method QQC. 04 13.9 0.07 q un? ISO/Cimac Smrts
      523 words
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      THE SHIPPING GUIDE
      11524 42 This is a list of ships loading at Singapore for ports around the world. It tabulates, by destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. LEGEND PN: ship calls al Pcnang after
      11,524 words
    • SHIPS IN PORT
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        AT CONVENTIONAL WHARVES
        728 49 V«m» Voy No Berth Arnval Departue Vessel Voy No Berth Arnval Departue Marina Terminal 1 La R»m 341B S03 .'9 (ft 1230 3105/2330 Batam Bjru Blbl MOb alongside 28 (ft 2300 Maersk Wave 83 SOI 290b 1500 .^(ftlSOO Batam Sayang *****2 M03 alongside 29 0b 2100 WW
        728 words
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        IN MALAYSIAN PORTS
        237 49 klwr» Port Berth: 1 Bunga Mas, 2: ml. 3: Seatren: 4: Pan Liberty, 5 Barge Banto 262. Trista 1; 6: nil. 01 jetty: ml DC J: Sri Nam Hua No 2. Due on May 28: Gas Jaya. Otga Maersk. ieniki. Johan L, Oceania Express. Jupiter Unt Modest.
        237 words
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        CONTAINER SCHEDULE
        1646 49 DELIVERY OF FCL IMPORT CONTAINERS IN PROGRESS fry No Contanm avaiable Shp Hoy No Containers avalaMe jr~~7TI *****2 0435 P Arthur 060W COO(EST) *****2 1500 9g3 *****2 0705 Tiger River 149CSB COO(ESI) 27 05 92 1500 (XXI freedom 43E 27 05 92 0845 Equator Crys 93N COO(EST) *****2
        1,646 words
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      TRANSPORT DIARY
      960 50 June 1-2 (2 da>s): Contract Formation I he Materials Management Way, organised by Singapore Institute of Purchasing and Materials Management. For more details, please contact SIPMM Executive Officer at tcl: 273-4172 or fax: 274-1132. June 4-5 (2 days): Advanced Inventory Management, organised by Singapore Institute of Purchasing and
      960 words
    • Article
      DAILY FREIGHTS
      830 50 TIME-CHARTERS were most prevalent in a quiet but declining freight market which ignored grain purchases by the former Soviet Union, brokers said on Wednesday. The Baltic Freight Index (BH) was off six points at 1.278. Charterers paid between USSB.2OO and 59.300 daily for Pacific time-charter trips and S
      830 words
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      Finnair sees great growth potential in Russia, Baltic
      356 52  -  From S N Vasuki in HELSINKI FINNAIR, Finland's domestic and international carrier, plans to capitalise on the country's proximity to Russia and the newly independent Baltic republics. It also sees Helsinki airport developing as a major hub in Europe. Consequently airline officials
      356 words
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      Lock icon American Airlines halves fares
      513 52 Move came about after Northwest's 2-for-l offer on Tuesday NYT NEW YORK American Airlines raised the stakes in the fare wars on Wednesday by announcing a 50 per cent cut in its lowest fares less than 24 hours after Northwest Airlines offered a two-for-one summer fare.
      NYT  -  513 words
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      Lock icon Japan Airlines considers hiring Russian pilots
      290 52 NYT TOKYO Japan Airlines, the leading Japanese carrier in both international and domestic flights, is considering recruiting Russian pilots for its international routes in response to a recent offer from Russian air travel authorities, sources within JAL have said recently. JAL plans to send
      NYT  -  290 words
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      Lock icon Barcelona makes parking costly
      243 52 AP BARCELONA, Spam Downtown parking will cost US$65 (SSIO6) a day during the Summer Games, a tactic officials hope will discourage visitors from driving to Olympic events in the city. Parking in the city centre will be allowed only in special lots that will charge the
      AP  -  243 words
    • Article, Illustration
      Lock icon British Airways seeks 3 international partners
      553 52 Reuter LONDON British Airways pic, in its goal to be one of the giant global carriers to survive into the next century, would like to find three partners, chief executive Colin Marshall said on Wednesday. "Ideally we would like to see a partnership in
      Reuter  -  553 words
    • Article, Illustration
      Lock icon Cruise haven Bahamas sees tourism picking up
      586 52 Reuter NASSAU, Bahamas Although 1992 is no banner year, the tourism business, which represents 75 per cent of Bahama's gross domestic product and employs half its workers, is picking up late in the season. The slump began in 1990 and worsened in 1991
      Reuter  -  586 words
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      9 33 |§gssS3s!# For advertising enquiries, contact Shipping Times Tel 740-2089/740-2090
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      169 33 You've posted a manager to head your Tokyo office. The Straits Times Weekly Overseas keeps him posted. For other reasons, send in your subscription now. The Straits Times i 1 WEEKLY OVERSEAS EDITION Making an issue of the major issues I ■MMifcMtllsWfalW Name AIRMAIL SUBSCRIPTION RATES |uMA.|*Mto JMthaj Country. —Tel:
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      39 33 Yourson Is studying overseas. And you want him close to home -with news from home. To your principals and business associates overseas, it's assuring that Singapore is great for business. The Straits Times Weekly is like a country report.
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      95 33 the FAMOUS 'JiA/^AMAOA ■iMlll.'U Ml IM3 For more information please refer to Pg. 13 Container Schedule Daily 18 Index 1 Shipping Guide 10,11 Ships in Port 1' Singapore Tides 17 Transport Diary II Veritas Report 2 Weather and Sea Conditions 17 Someone dose has beenlving in Canada for some years.
      95 words
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      95 34 A Wlr It could be a controversial deal between two stock 17 market stars, a thought-provoking report by ~xa( university researchers on the latest trans-European FOCUS zooms in on the news and issues of the day and looks at them in more depth and breadth. FOCUS is the news feature
      95 words
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      1491 35 L "FF" 6 «mmmmg J OOCL (S) PTE LTD JARDIME SHIPPING AGENCIES TEL: *****11 FAX: *****09 All fir bookings tel: *****34 *****50 ggmw TERMINAL/CFS TEL *****18 220 COOSO F PESAKA JARDINE SHIPPING AGENCIES SDN. BHD. i PORT KELANG TEL: *****18 FAX: *****91 *****88 T 1 PENANG TEL: *****4 FAX: *****1
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      1154 35 —iT I Find out how sellers are reaching out to buyers in Advertising and Marketing. Every Thursday in BT ew i/i M UNITED ARAB SHIPPING /SAG/I IIM YSI/VOY SW NYC I BAI I ORf I SAV SMTIUUR 1M 11/7 13/' «/7 m. ummm »i w/i nn nil J/J ■I nmw
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      1157 35 ■□BBsnaa NEXT SAILING TO MIDDLE EAST TORBEN MAERSK ETA SIN 4/6/92 Vessel Voy ETA ETD Feeder by J DESTINATIONS WorW lynx/ Arte* This week Maersk 9206 ■HMWPWPPiIH CFS 1/6 2359 HRS Kelang Penang OAK LGB HOU MEM ATI MtA CHS BAL PML NYC MON TOR MAGLEBV MAERSK #20d 2/6 3/6
      1,157 words
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      966 36 "8 V R dam Mrm I VOY NO S PORE JEDDAH S HAMTON H BURG ANT LE HARVE ■USAU FRANKFURT EXPRESS 62/321 31/5 17/6 19/6 22/6 23/6 I. KASUGA I 21/122 4/6 13/6 27/6 23/6 22/6 FORT KELAN6 A PENANG DRESDEN EXPRESS 05/322 7/6 24/6 26/6 29/6 30/6 CMNO TO
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      491 36 gj CSAV Compania SudAmeficuna a de Vapores SA Chilean L-ne Est 1872 ■EASPAC SERVICE COMTAIWW MiAMIM DWECT SOUTH PACFIC SERVICE SIN |NOU SUV PPT PALEMBANG 3702EB *>?*'! \°Jl IJ'/g l|/8 L J BONTANG 3808EB 26 31/7 12/8 14/i 19/8 Transit Time L——J(13) ALSO ACCEPTMG CARGO VIA SUVA TO LAUTOM. PAGO
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      1294 36 1 raillUlA AfW REGULAR INDEPENDENT FULL CONTAINER SERVICE WESTBOUND TO EUROPE VSI/VOY SW ALG BCL HAM BRE «0T ANT FEL LHA (VIA (VIA (VIA ALG) HAM) ROT) CHINA SEA 213W 01/06 22/06 23/06 24/06 25/06 26/06 27/06 21/06 29/06 I■! NOR ASIA AL MUNTA2AH 9214-3 07/06 30/06 01/07 03/07 04/07
      1,294 words
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      1576 37 P JKJ STRAITS SHIPPING PTE LTD 10 Hoe Chiang Road #11-01 Keppel Towers Singapore 0208 Tel: *****88 fax: *****17 ACCEPTS OOf SAILS SPORt B'KOK CARGO uißimn WOO7N 30 31 MAY 02-03 HJf* OA)AH BROOKE VIX Muau Lib. RR 29 30 toy 01 Jui 02lun J™'" 03 04 lUNI S f
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      1764 37 SINGAPORE AGENT: f p&0 Containers (Singapore Agencies) Pte Ltd ■r S 1" Ol\J VjUllldlllCra 10 Hoe Chiang Road #07-01 KEPPEL TOWERS. SINGAPORE 0208 Te) 225 2233 Telex RS ***** PNOCSP Fax 225 5327/222 7517 W CR Number **********0Z EXPORT saL Ira 38 jslr. ~~ftft aS&ar S"S a |f| as jjs
      1,764 words
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      604 38 CR NBR **********0-D EXPRESS SEMI CONTAINERSHIP SERVICES TO EUROPE VSTWY SfOtt ROAM M)AM HBURG BREMEN ANTWERP ETA 0 MATUtAM 32M8 2 6/7 VI 9'» W FAST TRANSIT TIME ACCEPTING BREAKBULK/CONTAINERISED CARGO Sub|*ct to Inducement. AI»o accepting cargo to Casablanca, Port Said. Port Alexandria. Genoa, Trieete. AISO ACCEPTING BOIH CONTAINERS. CONVENTIONAL
      604 words
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      Page 38 Advertisements Column 2
      1173 38 ©HANJIN SHIPPING rfoUSAPACIFIC SOUTH WEST TO EAST COAST (ALL WATER SERVICE) FOR VSL HANJIN HAMBURG 0101 HANJIN EL12ABETH 0041 HANMN VANCOUVER 00% HANJIN SEATTLE 023E HANJIN HONG KONG CME HANJIN SINGAPORE 006E EDO VSl HAN AN RNANGYANG 08* HANNN KUNSAN 07* ftSHGUARO BAT 207N HAN AN CHEJU 013E HANJIN KNANGTANG
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      Page 38 Advertisements Column 3
      1143 38 EVERGREEN Full Con tarn er Ser vice Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) nu vj use wc uc ns «i os u w no lai cm bm ntc lhv anw rcm i» «g wo E SENILE RE 044 ?t 3 4 I* M/C 12 6 15* lii II t ll» »l 21
      1,143 words
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      1593 39 NEPTUNE AGENCIES PTE LTD SINGAPORE TEL: *****77 (CR NO: **********0E) BOOKINGS' (TOLL FREE) NEPTUNELINK TEL *****00 (TOLL-FREE) USA SERVICE *****00 TERMINAL OFFICE *****22 PAR EAST SERVICE *****00 IMPORT CFS MB2 *****69/*****96 UK/EUROPE SERVICE *****00 EXPORT CFS MB2: *****53/*****50 MfeHl *****00 NEPLINE SDN BHD MALAYSIA K.L.-(03) *****33, P Ke«ang-<O3) *****87, Penang-<O4)
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      Page 39 Advertisements Column 2
      1056 39 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) FULL CONTAINERSHIP SERVICES t«steom*-mscK«G»G MSieoac-iowmG wmmto »i« wiiamii wsstis vot law I
      1,056 words
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      1273 40 K" AS AGENTS KAWASAKI SINGAPORE (PTE) LTD (CR No: **********0 M) w w TEL *****77 TELEX; KAWAKI R*****5 FAX: *****07/8/9 1 M MALAYSIA: *K" LINE MARITIME (MALAYSIA) SDN BHD .M JEV TEL SA *****00 PK *****01/5 PENANG *****0 J3 *****1 KAWASAKI KISEN KAISHA, LTD INDONESIA: P.T. SARANA LALTT INTERNUSA i
      1,273 words
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      989 40 PHILI-OMCNT LINCS PT€ LTD Gffi BY AIR, LAND OR SEA.... m we TAKE ON THE WORLD FOR YOU v MEMBER OF SINGAPORE FREIGHT FORWARDERS ASSOCIATION AUSTRAUAMEWZEALAm/SOVTHPACIFIC FCULCL SERVICE f 2 jutf CHRISTGHUftCH 27 JUN SUVA. NOUMEA. PAPEETA. APIA. LAUTOKIA, SAN ANTONIO j U CENTRAL/SOUTH I Kft S, MM.TEK SAH *AH
      989 words
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      1683 41 PACIFIC INTERNATIONAL LINES (PTE) LTD g gf JP SHI 140 Cecil Street. #03-00 PIL Building. Singapore 0106. Tel: *****33 CR NQ IQOQQ67QQQQL I JAKARTA I [BANGKOK '""pftSMCTHI wcccci wov SIN JKT SIM VESSEL VOV SIN BKK SIN SSTLah «T 31/5 7/. EaUAToIf HAWK 44N 4/6 11/» ESTEBfIUQGe 12N 3/. *>/•
      1,683 words
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      677 41 EXPRESS CONTAINER SERVICE TO UK-NORTH CONTINENT-SCANDINAVIA WEEKLY FPFnFR VFSSFL PENANG |P KELANG OCEAN VSL/VOY SIN SOU(P P™ (2) HAM (3) _GQTj4)_ ANSON/TBN 29/5 30/5 BENARTY 2212 2/6 19/6 21/6 ANSON/TBN 5/6 6/6 ALSIA 2222 9/6 26/6 28/6 29/6 1/7 ANSON, TBN 12/6 13/6 BENAVQN 2232 5/7 6/7 6£7 ANSON/TBN 19/6
      677 words
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      295 41 M MYANMA VBHBk FIVE STAR LINE (Myanmar National Line) Loading for Yanton (Rangoon) Spore P-Mf Pen PIHYA VI2ZW 5/7 Jui MYOMAYWA VI4?N 5/7 km PAGAN VII3W 4/5 tun tPII M *171* 12/14 km NIGERIAN NATIONAL SHIPPING LINE NIGERIA EXPRESS SERVICE RIVER IKPAN V.S2 SINGAPORE 29 Jun ETA Lagos 23 Jul
      295 words
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      2467 44 Full Container Liner Services M&ysi*s tints: Indonesia 's Agents: Cum Gtum Shipping Sdn Bhd Cluing CUm Shipping Sin Bki P.J. BMUi PvfrM MOMStI maritime General Agents: Booking Agents: 58 Pew nk ko»i h*t Costar Shipping Pte Ltd supungFrttM—kimc-tnseaiH 4 ?ooo m wu» m m sum m M xm//361/64 2MSHM 4/HMSM
      2,467 words
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      98 44 SAMUO0U MOONESU (S) PH LTD 13 McCALLUM STREET 14-04 NATWE8T CENTRE Singapore DIM Ta4a*: R*****0 MM Tat *****81-3 Fax: 225 4838. *****18 bookings call wrect line TEL: *****41/*****43 WEEKLY FULL CONTAINER SERVICE M *u BSk JOHfifl gpEI CONTAINtPISID SIR VICE 10 SARAWAK SAB AH ft BRUNEI in»mrMn.:artn uriirTiiflT'B ACCLPNNG FCI/LCI
      98 words
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      484 45 FAMOUS CONTAINER LINES 1 o ANSON RD. #15-21 INTERNATIONAL PLAZA, S'PORE 0207 HOT LINE s *****33 24 LINES LIMASSOL/PIREAUS 31/5 ROTTERDAM 31/5 HAIFA/ASHDOO/ALEXANDRIA 31/5 HAMBURG/BREMEN 31/5 MARSEILLE/FRANCE 3V5 FELIXSTOWE/UK 3V5 BARCELONA/SPAIN 31/5 LEHAVRE/ANTWERP 3V5 GENOA/ITALY 31/5 GOTHENBURG/SCANDINAVIA 31/5 LOS ANGELES/WC/IPI 31/5 SYDNEY/MELBOURNE 30/5 NEW YORK/EC 31/5 FREMANTLE 1/6 VANCOUVER 31/5
      484 words
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      780 45 (Si RICHFIELD MARINE A6ENCIES (S) PTE LTO 09 TEL: *****33 (12 Lin««) BFAX: *****15/*****03 TELEX: RS ***** RISHIP (3 Line*) ETHIOPIAN SHIPPING LINES J (National Lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL VESSEL IVOV ETA I LOADING FOR SPOfIE NET SANE 1 "Jiwß II 06 DARESSAIAAM MOMBASA DJIBOUTI ASSAB MASSAWA
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      729 45 PAMQKQ* m m «a wr mmm 30/ OS 02/06 PITA BHUM# 235H In W 29/ OS Mon 01/04 04/ OS 07/06 NAHM BHUM 91N Sat 30/0S Wed 03/04 6/6 9/6 I VW> BHUM*## 07N Won 01/06 Thui 04/06 MMMJNM U0? Wed 03/06 Sat m BHUW# 23W1 rhur 04/06 07/ M
      729 words
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      771 46 S'PORE IMPORT: *****11 l N E A IXTI/JfZo UK/SCAN/MEO PORTS COIOMBO/S.AFHICA| »PEN PK SIN PEN PK SIN Colombo 30/5 31/5 1/6 6/6 7/6 8/6 Ldn/Fli/Rdm/Ant Durban/Pt Louis 12/6 13/6 14/6 31/5 1/6 2/6 G'burt/C'hacen/S'hotm/Osk) r»A lrnV-i% n 29/5 30/5 31/5 Piraeus/Genoa/Trieste PJ, KLANG/PENANG I Penang 3/6 4/6 5/6 Syd/Melb/Bri A
      771 words
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      Page 46 Advertisements Column 2
      254 46 BLUE STAR L|NE TO FROM ZEALAND AND_T/S TO FIJI TO AND FROM NEW ZEALAND PORTS sm in *ki in sm PRIMER IK 30/5 10/6 VIA NPt 12/S 29/t MUBtRA m 12/6 24/6 WA NPI 26/6 13/7 AUSI STM V 0522 21/6 3/7 ¥IA I*l 5/7 22/7 FULLY CONTAINERISED SAILINGS DISCHARGING
      254 words
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      1069 46 v#: THONG SOON LINES PTE, LTD. 1 77 ROBINSON ROAD #15-00, #16-00 SIA BUILDING SINGAPORE 0106 I TEL: *****88 FAX NO: *****11, *****22 I TLX: Rs ***** CARRIER, RS ***** JENHOL CABLE: TOSOCO I POMVENTIONAL/CQNTAINER container serviced II SINGAPORE TO WEST MALAYSIA SINGAPORE TO WEST MALAYSIA VESSEL [my [eta fotST
      1,069 words
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      710 47 COMPANIA PERUANA XEeX DE VAPORES "PERUVIAN STATE LINE" ACCEPTING BREAKBULK/FCL SOC CARGOES TO/FROM CALL AO. MATARANI. 110* OTHER PERUVIAN PORTS* WITH T/S AT KOBE ON CPV THROUGH BILL Of LADING. "EVERETT ORIENT LINE" IAPAN/BAY OF BENGAL/lAPAN SERVICE ACCEPTING BREAKBULK SOC CARGOES TO FROM KOBE. YOKOHAMA. NAGOYA. MOD. TOKYO*. MANILA*, DAVAO*.
      710 words
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      538 47 CZ3Z I Misal N.AMERICA/CARRIBEAN SERVICES VESSEL |»0T [SIN IMAWLWIR »p7" L*» »SI SAY WYC XI im MUfiHt LUL _Li_ fIIISUB iLL. JJ- ILL. ILL. llilm LLAI _Li_ AM PUSW isL- -LL ILL. SLL. ILL. ILL— M PIRAEUS lJlt It. i im CMMPA A. ILL. UiL. iLL. -U- -Llmi ftiaflA lioa
      538 words
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      Page 47 Advertisements Column 3
      411 47 MULTI-MODE SHIPPING PTE LTD WEEKLY CONSOL S E R V IC E MIDDLE-EAST/PERSIAN GULF ACCEPTING FCL/LCL OUBAI [1AMMAN SHARIAH DO»lA MUSCAT BAHRAIN ABU DHABI BANOAR ABBAS IIOOAH FAR EAST ACCEPTING FCL/LCL PfNANC, P KEIANG IAKARIA BANGKOK HONG KONG TAIWAN IAPAN MANHA KOREA UK/EUROPE ACCEPTING FCL/LCL IONOON ffllXSTOWl IEEDS IHBURY ABfRDEEN
      411 words
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      Page 47 Advertisements Column 4
      512 47 MONTHLY DIRECT CONTAINER SERVICE SIN TO ALGERIA ALSO CALLING MARSEILLE/LASPEZIA VSL FREITAL ETA SIN 30 MAY TWICE WEEKLY CONTAINER SERVICE SIN/MADRAS/SIN WITH TRANSHIPMENT TO: ASEAN/AUSTRALIA/FAR EAST/MEDITERRANEAN/EUROPE WEEKLY CONVENTIONAL SERVICE SIN TO CHINA WEEKLY CONVENTIONAL SERVICE MADRAS/COLOMBO/ BOMBAY/KARACHI WEEKLY CONVENTIONAL SERVICE EAST AFRICA/RED SEA/ MEDITERRANEAN CARGO BOOftMG LUCKY TRANSPORT t FREIGHT
      512 words
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      Page 47 Advertisements Column 5
      415 47 PTC GROUP PTC CONTAINER LINES FCL LCL SERVICE General Agents: POH TIONG CHOON SHIPPING (PTE) LTD TEL 2201 166 FAX *****41 TLX RS***** (CR NO: **********0K) OIRECT FCL/LCL/CONVENTINAL SERVICES TO THE FOLLOWING DESTINATIONS: Indian Sub-Continent Middle East Africa Far East Austratia/USA/Canada Madras. Calcutta. Bombay. Karachi. Colombo. Chittagong. Tuticonn. Cochin. Dubai.
      415 words
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      778 48 FIL CONTAINER SERVICES PTE LTD I fIL MADRAS CALCUTTA VSL SIN/MADRAS VSL SIN/CALCUTTA 1 sm mao sm sm cai sm NI*I AVA**Bll 27 21/05 03 05 06 10 11/04 Mil MftlMU 29-30/05 05 MO6 15-16 06 30 31/05 06 08 06 13-14/06 04 05/06 11 15 06 21 22 06
      778 words
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      Page 48 Advertisements Column 2
      460 48 Esonterml L'ONTKRM FREIGHT (F.E.) PTE LTD. GUARANTEED WEEKLY CONSOLIDATION YOUR FIRST CHOICE TO:— AUCKLAND 12 JUNE ACCEPTING TO ALL PORTS IN NEW ZEALAND BANGKOK 02 JUNE JAKARTA 03 JUNE PENANG 01 JUNE POUT KELANG 04 JUNE erßKNllE^iijun^^^ MELBOURNE 11 JUNE SYDNEY 11 JUNE FELIXSTOWE 7 JUNE HAMBURG 7 JUNE ROTTERDAM
      460 words
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      Page 48 Advertisements Column 3
      526 48 mm Week's Sailings Bangkok 06/06/92 Antwerp 06/06/92 Manila 05/06/92 (OnforHarding M| *lo Mid West/ 07/06/92 Colombo 07/06/92 fk Singapore Tel: 778 6522 C 9 M Fax: 779 2738 I w Johore Tel: 07-*****8 SIA2J Fax: 07-*****3 Alfred Ng 7B4A£TZ//WC i INCHCAPE SHIPPING SERVICES (S) PTE LTD Vi Tel: *****11 Fai:
      526 words
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      Page 48 Advertisements Column 4
      485 48 FCL/LCL SERVICES MANILA ETA GOUR SINGAPORE 27N8 30/5 GOUR PACIFIC 64N8 6/6 BANGKOK 31/5 7/6 BUSAN 1/6 8.6 HONGKONG 30/5 1/6 USA 1/6 8 6 PT LOUIS DURBAN 29/5 14/6 KEEtUNG 1/6 8.6 PI HLLANG 28 5 1 6 OSAKA 3/6 10, 6 PIRAEUS 31/5 6 6 KOBE 31/5 7/6
      485 words
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      9 49 Managers must manage. BT shows you how every Monday.
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      Page 49 Advertisements Column 2
      297 49 vOc vO c vQc vOc vOc OcOc U VAN OMMEREN CETECO GROUP \J > TRANSPORT DIVISION > 0 VOTAINER CONSOLIDATION SERVICES: A THE ONLY CONSQUQATORYKTH WORLDWIDE NETWORK 1 J Weekly FCUICI Services V/ > USA EUROPE FAR EAST > Baltimore VotalnerConsolidationServices Hamburg:VanOmmerenHamburgGmbH. S'pote:VanOmmerenShipping(S)PteUd. U Boston: Boston Consolidation Services. 6mm. van
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  • Page 49 Miscellaneous
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      Page 49 Miscellaneous Column 1
      480 49 TIDES AND WEATHER TODAY'S TIDES (hathl m metres) HOUR 0000 0100 0200 0300 0400 0500 0600 0700 0100 ******************************00 ******************** *****300 JR 1 7 13 10 09 08 10 13 16 19 21 22 20 1 7 14 1.1 10 10 1 1 1.5 20 25 2 7 2 7
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