The Business Times, 10 June 1992

Total Pages: 52
1 52 The Business Times
  • 17 1 Business Times THE HI'SINESS PAPER FOR S E ASIA MITA (P) 35/12/91 Wednesday, June 10, 1992 15*
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  • NEWS SUMMARY
    • 57 1 THE PRICE of goods at Britain's factory gates rose slightly in May, but the degree of change was close to economists' forecasts. UK seasonal-ly-adjusted input prices, which cover raw material and fuel prices, rose 0.1 per cent in May against the
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    • 59 1 WASHINGTON Spending by foreigners to buy or set up businesses in the US dropped sharply in 1991 by 66 per cent to U5522.6 billion (5536.6 billion) from U5565.9 billion in 1990 while sales by US wholesalers fell 1.4 per cent in April after a
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    • 26 1 COMPETITION for the new HDB shop loan market has intensified with more banks and financial institutions jumping on the bandwagon Page 2
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    • 33 1 THE Singapore Institute of Management will, with the help of a $38 million government capital grant, launch Singapore's open university in January 1994 with three degree programmes Page 3
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    • 42 1 THE Indonesian government is likely to replace all forms of non-tariff restrictions on exports and imports in the machinery, basic metal and electronic industries with tariff barriers to comply with internationally accepted trade practices. The Jakarta Post reported Page 8
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    • 40 1 ACROSS the Muslim world, fundamentalists are locked in battle against what they say are imported Western values but when it comes to economics, they may find themselves on the same side as the West Page 10
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    • 30 1 THE competition hots up for possession of Foster's, the fourth largest brewing company in the world. Who are the suitors and what are their chances? Page 13
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    • 28 1 VIETNAM needs foreign capital and expertise to improve its marine industry, said the Association of Singapore Marine Industries in a report. Shipping l imes Page I
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  • MARKETS SUMMARY
    • 37 1 WALL STREET stocks were lower early yesterday as traders awaited new economic statistics to give direction to the market. At 1500 GMT, the Dow Jones index of 30 leading industrials stood at 3,384.46, down 19.67.
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    • 29 1 LONDON share prices were little changed at midday yesterday on the London Stock Exchange. At 1115 GMT, the FISE 100-share index was up 0.3 points at 2,646.1.
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    • 26 1 PUBLICLY-listed Lee Kim Tah Holdings Ltd is to revive its hotel project in China after a delay of almost seven years. Page 4
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    • 45 1 BUKIT Sembawang Estates Ltd, which has seen its share prices moving up sharply in anticipation of good results and a bonus issue, has reported a four-fold jump in group earnings to $17.17 million for the year ended March 31, 1992 Page 4
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    • 38 1 JAPANESE banks may be trimming their overseas lending to meet new international capital requirements but there are few signs of such a cutback in Hongkong, a market long dominated by banks from Japan Page 7
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    • Article, Illustration
      29 1 Iuesda> Change BT-MGA 717.47 -0.97 Kuala Lumpur ...584.67 -0.72 Tokyo 17,845.04 +189.98 Hongkong 5,940.19 -38.56 Sydney 1674.5 unch Monday Change New York 3,404.14 5.45 London 2.645.8 -22.7
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    • 23 1 Exchange rates USS SS 1.6260 100 Yen SS 1.2773 MS SS 0.6460 Money market rates Overnight 2 13/16% +1/16 3-month 3% -3/16
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    • 37 1 London Gold AM fix USS337.70 US5-0.80 Rubber S pore Aug 141.25'/kg -1.00 M sia July 22I.OO«/kg +0.50 KL Tin Turnover 36 tonnes -2 Spot MSl6.05/kg +0.14 Crude palm oil Turnover 1,312 lots +33 Aug MS876/tonne +4
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  • 623 1  -  By S N Vasuki SINGAPORE In what is seen as a strong signal to the financial markets, Malaysia's central bank governor has said that the bank will not "induce" a lower ringgit, and that current interest rate levels are "consistent with the
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  • 586 1  -  But industry is likely to see modest growth By Joseph Rajendran, Claire Leow SINGAPORE With stiff competition among diskdrive makers and slow growth in the personal computer market, only those companies with new products and strong financial and technological resources will survive in
    586 words
  • 428 1 Reuter WASHINGTON The White House, business leaders and trade analysts lashed back at Japanese accusations on Monday that the United States is the world's leading unfair trader. "People who live in glass houses should be carelul about their stones," said White
    Reuter  -  428 words
  • 170 1  -  From Maggie Ford Reuter, AFP in JAKARTA INDONESIA'S ruling Golkar group showed an early surge in nationwide poll results yesterday. With 4 per cent of results counted, the ruling group had gained 1.3 million votes, compared with 58,333 for the populist opposition
    Reuter,; AFP  -  170 words
  • 332 1  -  By William Chia SINGAPORE Food and soft-drinks manufacturer Yeo Hiap Seng Ltd yesterday denied market rumours that it is being taken over. In a letter to the Stock Exchange of Singapore, company secretary Charles Yeo said YHS "is not currently in discussion
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  • Page 1 Advertisements
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    • 21 1 Hewlett-Packard unveils world's smallest disk drive, Pg 2 The Bottom l.ine. Back Pg There will be normal publication of BT tomorrow
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  • PAGE 2 NEWS
    • SINGAPORE ROUNDUP
      • 135 2 FINANCE MINISTER Richard Hu yesterday launched Sigma, the Singapore Government Management Accounting System, developed at a cost of $3 million to help ministries be more proactive in managing their manpower and funds. The computerised information system has, since April 1, been operational in
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      • 95 2 LOCTITE CORPORATION, an American Fortune 500 company that manufactures adhesive and sealant, is taking over the marketing and distribution of its products in Singapore and Malaysia from Asia Radio Singapore Pte Ltd. Asia Radio had been acting for Loctite since 1972, building up the sales volume
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      • 65 2 FLEISHMAN-HILLARD Inc, the largest independent American public relations firm, has set up an office in Singapore in joint venture with two local professionals. Fleishman-Hillard Scotchbrook Asia Inc, the regional arm of Fleishman-Hillard Inc, has a 51 per cent stake in the venture while
        65 words
    • 212 2 SAN FRANCISCO Hew-lett-Packard Co introduced the world's smallest disk drive on Monday, reported The New York Times. The matchbook-sized device uses a 1.3-inch hard disc that houses up to 21.4 MB of information, or the equivalent of 14,389 typed pages. The device, called the
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    • 671 2  -  Reports by Colin Tan SINGAPORE Competition for the new HDB shop loan market has intensified with more banks and financial institutions jumping onto the bandwagon. From a mere handful of banks which came up with specially-tailored financing schemes when the shop
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    • 249 2 SINGAPORE The National Trades Union Congress, which is already involved in businesses ranging from operating supermarkets and a taxi service to broadcasting, is venturing into the new HDB shop loan market. A spokeswoman for NTUC Income, the insurance arm of NTUC, told BT yesterday
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    • 301 2  -  By Ramesh Divyanathan SINGAPORE The jurisdiction of the Subordinate Courts should be increased "very substantially", in the view of Chief Justice Yong Pung How. He will thus be proposing to the government in the next few months a plan to progressively give the
      301 words
    • 343 2  -  Some ideas of previous master plan to be included in new design From Shoeb Kagda in DESARU A CONSORTIUM of Malaysian and international companies will be appointed soon to work on a new master plan for developing Desaru into an international beach resort, said Johor
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    • 152 2 Bernama KUALA LUMPUR Finance Minister Anwar Ibrahim sees bright prospects for growth in the Malaysian economy, which he said should expand above 8 per cent this year while inflation is being contained. He said the underlying strength of the economy had improved significantly and
      Bernama  -  152 words
    • 554 3  - Open U SIM to kick off in 1994 with three degree courses By Anna Teo SINGAPORE The Singapore Institute of Management (SIM) will, with the help of a $38 million government capital grant, launch Singapore's open university in January 1994 with three degree programmes. Education Minister Lee Yock Suan announced
      554 words
    • 407 3  -  By Sangeeta Mulchand SINGAPORE DBS Land has tied up with the Hindu Endowment Board (HEB) in a $20 million project to restore and redevelop a 42,000 sq ft site in Little India. The area, which is earmarked for
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    • 541 3 The tussle for Midland Reuter HONGKONG Shareholders of Hongkong and Shanghai Banking Corp's parent, HSBC Holdings, approved a takeover bid for Britain's Midland Bank yesterday, clearing the penultimate hurdle to creating one of the world's biggest banks. An extraordinary general meeting of shareholders
      Reuter  -  541 words
    • 430 3  -  Polling procedure seen as fair and efficient From Maggie Ford in JAKARTA INDONESIANS voted peacefully yesterday across the far-flung archipelago in a process which most observers rated as fair and efficient. About 107 million registered voters punched ballots to pick one
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  • Page 2 Advertisements
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  • Page 3 Advertisements
    • 221 3 Moments of magic... ufork in it. JIT m ;KMy w '/Hif t» jffQr LanqkauJi Holiday Vilia/ A day of serious business drifts by in a relaxing atmosphere. First class hotel service smooths away the tension in the hall. It's a meeting well met Then adjourn to our stretch of beautiful
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      192 words

  • COMPANY NEWS 1
    • COMPANY BRIEFS
      • 56 4 SINGAPORE Superior Metal Printing Ltd subsidiary Nissei Engineering Co Ptd Ltd has ehanged its name to Inoue-Nissei Engineering Ptd Ltd. This follows a jointventure agreement between Superior Metal and Inoue Manufacturing which came into effect last month. Superior Metal now holds 70 per cent of the
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      • 51 4 SINGAPORE DMT Investment (HK) has clarified with the Stock Exchange of Singapore that the 19.6 million Goldtron Ltd stock units it sold recently were placed at different prices. Eight million of the 20-cent shares were sold for 70.5 cents each, and the balance for 68 cents
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      • 67 4 KUALA LUMPUR Fima Metal Box Bhd announced a 183 per cent increase in its group pre-tax profit to M 515.8 million (5510.2 million) for the year ended March 31, 1992 from M 55.6 million previously. Releasing its audited results yesterday, it said that group turnover
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      • 60 4 KUALA LUMPUR Malaysian Mosaics Bhd yesterday reported a 42.4 per cent increase in group operating profit to M 538.22 million for the year ended Jan 31, 1992, from M 526.84 million in the previous corresponding period. It said in its final audited statement that group turnover
        60 words
    • 398 4  -  By Sangeeta Mulchand SINGAPORE Publiclylisted Lee Kim Tah Holdings Ltd is to revive its hotel project in China after a delay of almost seven years. Discussions on the 320room Xiamen hotel project were on-going, chairman Lee Soon Teck said in the company's
      398 words
    • 245 4 SINGAPORE Diversified conglomerate Haw Par Brothers International Ltd yesterday announced plans to venture into aircraft repair and maintenance. In a statement yesterday. Haw Par said it sealed an agreement with British aerospace group Dowty on Monday to form a $2.5 million joint venture that
      245 words
    • 149 4 Bernama KUALA LUMPUR Hume Industries (M) Bhd yesterday announced the proposed restructuring of two subsidiaries, OYL Industries Bhd (OYL) and Nanyang Press (Malaya) Bhd (NPMB). In a statement, Hume said the proposed restructuring schemes would enable OYL and Nanyang to concentrate on investment and
      Bernama  -  149 words
    • 618 4  -  THE HOCK LOCK SIEW COLUMN Takeover could open new doors for soft-drink manufacturer By Conrad Raj SINGAPORE Rumours have been flying thick and fast in the last two days of a takeover attempt on local soft-drink manufacturer Yeo Hiap Seng by a foreign party.
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    • 323 4  -  By William Chia SINGAPORE Bukit Sembawang Estates Ltd, which has seen its share price moving up sharply in anticipation of good results and a bonus issue, has reported a four-fold jump in group earnings to $17.17 million for the year ended
      323 words
    • 288 4 Reuter KUALA LUMPUR Malaysia's Sime Darby Bhd and Japan's Sumitomo Corp have signed a pact to start a Msloo million (Ss64 million) tyre technology centre in Malaysia, the first in South-east Asia. The centre, Sumitomo's first outside Japan, will help
      Reuter  -  288 words
    • 205 4 SINGAPORE A subsidiary of listed Guthrie GTS has secured a US$lO million (S$ 16.26 million) project from Sime Darby Edible Oil Refinery Plant for the design and construction management of a plant and tank farm in Egypt. This and other contracts had expanded the portfolio
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    • 377 5 Reuter HONGKONG Sun Hung Kai Unit Trust Managers Ltd said it is launching a US$25 million (5540.65 million) open-ended unit trust fund to target stocks in the China share market. The SHK China Fund will invest primarily in new issues of 'B'
      Reuter  -  377 words
    • 316 5 Reuter BOMBAY India's battered stock markets are limping back to normal, recovering from a crash triggered by the country's worst financial scandal, say brokers and bourse officials. Chastened investors were now looking at factors such as better corporate results and the effects of an impending
      Reuter  -  316 words
    • 266 5 BANGKOK Thailand's corporate giants are contemplating launching international media campaigns to win back the confidence of the international community following the military crackdown last month. The Nation reported earlier this week. The intensity of the international community's feeling about Thailand on
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    • COMPANY BRIEFS
      • 86 5 TOKYO Construction group Kajima Corp saw its net profit rise 32 per cent to 60.35 billion yen (*****.6 million) for the year to March 1992. The improvement in profit was posted on the back of a 16 per cent rise in sales figures
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      • 57 5 HONGKONG The locally-based Japanese department store Yaohan is to open its first store in the Portuguese enclave of Macau in December, the firm said yesterday. The new store's planned opening came after the signing of an agreement for a 10-year lease of a large portion
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      • 51 5 BANGKOK France's Paribas will lead the banking syndicate that will finance the US$3l million (5550.22 million) launching of Thailand's first earth satellite next year, industry sources said. The Shinawatra Computer satellite is to be put into orbit in late 1993 by the European consortium Ariane
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      • 26 5 HONGKONG Jardine Strategic Holdings Ltd said its unaudited net asset value was U555.25 (558.50) per ordinary share as of May 31.
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    • 271 5 Reuter TOKYO More than two years after breaking into the international telecommunications market, Japan's two new carriers say they can no longer afford a rate war in competing with veteran giant Kokusai Denshin Denwa (KDD). "Being the old-timer, KDD is way ahead of us
      Reuter  -  271 words
    • COMPANY BRIEFS
      • 92 6 Nl-w YORK In a deal that would create one of the largest electric utilities in the US, Entergy Corp of New Orleans on Monday announced plans to buy Texas-based Gulf States Utilities for US$2.3 billion (553.7 billion) in cash and stock.
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      • 70 6 MILAN A consortium led by Asea Brown Boveri (ABB), the Swedish-Swiss engineering group, has won a US$l.B billion (552.9 billion) order to build an oil and gas-fired power station and the world's biggest water desalination plant in Abu Dhabi. The power station will consist of six
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      • 63 6 LONDON WPP Group pic stepped up the pace in its struggle to convince shareholders to approve its planned reconstruction. It expects to present details of the scheme to bankers and stockholders at the end of this month. The plan includes a debt-for-equity swap and
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      • 40 6 NEW YORK In an attempt to set itself apart in the cramped personal computer market. Zenith Data System said yesterday it has revamped its entire personal computer business and will introduce 40 new models.
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    • 221 6 Obituary AFP WASHINGTON MCI Communications founder William McGowan, whose uphill battle against ATP rocked the telecommunications monolith and ultimately overhauled the industry, died on Monday of a heart attack. He was 64. Despite the heart transplant operation Mr McGowan underwent in 1987, he remained at MCl's
      AFP  -  221 words
    • 387 6 NYT WASHINGTON The Supreme Court ruled on Monday that Eastman Kodak Co must stand trial in an antitrust suit that has important implications for the ability of manufacturers to control the markets for the parts and servicing of the products they
      NYT  -  387 words
    • 356 6 NYT NEW YORK Saying that with the military business shrinking, it had no good ways to invest its cash. General Dynamics Corp announced on Monday that it would buy back up to 30 per cent of its common shares for between
      NYT  -  356 words
    • 422 6 Govt to set up £2.5 m fund to compensate Maxwell pensioners Reuter LONDON British investigators, still baffled by Robert Maxwell's mysterious web of finance seven months after his death, have launched a new major probe into his Mirror Group share dealings. In a
      Reuter  -  422 words
    • 469 6 FT LONDON A UK High Court judge on Monday dismissed 46 charges of theft, involving £119.5 million (*****.5 million) against Asil Nadir, former chairman of Polly Peck International, the collapsed fruit and electronics group. Mr Nadir still faces a further 20 charges
      FT  -  469 words
  • Page 4 Advertisements
    • 321 4 F7 SINGAPORE^^^^"*" Wah Lok. We Live UP-To Our Name For those of you who speak Cantonese, the translation is clear. And for those who don't, Wah Lok means simply, "Happiness" and "Prosperity." When you visit Wah Lok, the tradition of sharing good fortune with family, friends and business colleagues remains
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  • Page 5 Advertisements
    • 234 5 Little Bull turns himself in, Pg 7 W: ms- mm jjl C-" n i j '".i ,7 :*■> m: L -<• .■SSvi-A ■■MMrflK* -;CMb f"; T»> 34DTUPSO ?r «£sa® SBT26I0 Y .•;fc--*4:: "5 9K TT "W TO FIND OUT WHERE PEOPLE STAND ON THE CORPORATE LADDER, LOOK CLOSELY AT THEIR
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      280 words

  • FINANCIAL NEWS
    • 657 7 Colony found better for arranging syndicated loans in Asia AFP HONGKONG Japanese banks may be trimming their overseas lending to meet new international capital requirements but there are few signs of such a cutback in Hongkong, a market long dominated by banks from Japan.
      AFP  -  657 words
    • 201 7 SINGAPORE Tat Lee Bank will open a representative office in Beijing before the end of the year. Both the Monetary Authority of Singapore and People's Bank of China have given their approval for the office, which will be in the Chaoyang
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    • 425 7 Reuter BANGKOK The adoption of BIS (Bank for International Settlements) standards by Thai banks will help them expand and do business abroad to interna-tionally-accepted norms, assistant central bank governor Charoong Nookwan says. "The central bank has taken great care not to adopt excessively
      Reuter  -  425 words
    • 212 7 AFP HONGKONG Standard Chartered has signed an agreement to absorb the Asia-Pacific assets of the USbased First Interstate Bancorp, the bank said here yesterday. The l.ondon-headquar-tered bank said a definitive contract had been signed with First Interstate but added that it was subject
      AFP  -  212 words
    • SMALL CHANGE
      • 64 7 NEW DELHI Sudhir Mehta, younger brother of stockbroker "Big Bull" Harshad Mehta, turned himself in to investigators yesterday in connection with India's billion-dollar bond scam. The Press Trust of India said Sudhir Mehta, a Madras broker and one of the 13 accused in the case
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      • 99 7 NEW YORK Chase Manhattan Bank, hoping to profit from growing international business ties, has come up with a new way for corporations to pay their bills in foreign countries. The new Chase trader system is the latest bid by the banking industry to increase its
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      • 71 7 TAIPEI Taiwan has approved an application by the state-run Chang Hwa Commercial Bank to open a branch in Japan, upgrading its representative office in Tokyo, an official said on Monday. Following approval from Japanese authorities, Chang Hwa would become the first local banking institution
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      176 words

  • THE REGION
    • NOTE BOOK
      • 61 8 WELLINGTON New Zealand Finance Minister Ruth Richardson said yesterday that the projected profile of the budget deficit would he significantly higher than most financial markets currently expect. She said the 1992/93 deficit would be higher than the NZ$2.5 billion (552.2 billion) indicated in
        61 words
      • 75 8 HONGKONG Business confidence among Americans here towards Hongkong and China has improved greatly, with a bullish investment outlook up to China's takeover of the British colony in 1997, a survey showed yesterday. The survey, carried out by Hongkong's American Chamber of Commerce, showed "a very
        75 words
      • 77 8 BA KELALAN, Sarawak Sarawak has emerged as an apple producer in the country with the first major harvest of some 2,000 fruits from a farm here yesterday. The fruits, weighing about two tonnes, were from 190 of the 1,000 trees planted on the six-hectare farm managed
        77 words
      • 72 8 KUALA LUMPUR Malaysia will consider signing an international treaty aimed at preserving plant and animal species but has made no final decision, Prime Minister Mahathir Mohamad said yesterday. "We will sign those conventions that have specific programmes and that are beneficial to us," he told
        72 words
      • 71 8 JAKARTA Indonesian President Suharto will attend the Earth Summit in Brazil, State Secretary Minister Murdiono said yesterday. Political analysts said Mr Suharto had been undecided whether to attend because of yesterday's general election, which passed off apparently without incident. Indonesia has the world's second largest
        71 words
    • 398 8 Reuter MANILA President Corazon Aquino yesterday said that confidence in the Philippine economy was growing but officials said a severe power shortage was expected to dampen growth rates forecast for this year. The Philippine stock market has been hitting record highs for the
      Reuter  -  398 words
    • 406 8 JAKARTA The government is likely to replace all forms of non-tariff restrictions on exports and imports in the machinery, basic metal and electronic industries with tariff barriers to comply with internationally accepted trade practices, The Jakarta Post reported. The director-general of Machinery, Basic
      406 words
    • 339 8 JAKARTA The government has limited the size of tobacco crops this year in order to prevent over-produc-tion, The Jakarta Post has reported Director General of Plantations Rachmat Soebiapradja as saying. This year's area totals 120,000 hectares, down from 196,382 hectares in the previous year.
      339 words
    • 41 8 MANILA Former Philippine First Lady Imelda Marcos standing before a court yesterday as charges of failing to report dollar earnings abroad to the Philippine government is read before her. On her right is her lawyer, Renato Gilag.
      41 words
    • 391 8 AFP HANOI Vietnam has allotted four more prime offshore oil exploration blocks to groups from Japan, Britain and Indonesia, industry sources said on Monday. The decision leaves just one of 10 prime blocks off the southern port of Vung Tao
      AFP  -  391 words
    • 275 8 AFP MANILA The Philippines* 24 new senators, led by a comedian and a screen toughie, were proclaimed yesterday nearly a month after national polls were held, but former defence secretary Fidel Ramos was still awaiting confirmation as presidentelect. Only 13
      AFP  -  275 words
    • 376 8 Reuter CANBERRA Overseastrained doctors living in Australia find it difficult to get any type of medical work and many of those who do are not formally qualified, a government report said on Monday. The Bureau of Immigration Research surveyed 206
      Reuter  -  376 words
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    • 144 8 /cacrc,* fe- most important newsstor y° f ;£2Q *Sk century... In an original production, CNN VIDEO draws the viewer through the dramatic events as they unfold From the hardline coup that imprisoned President Mikhail Gorbachev and tried to drag the embattled Soviet people back to the days of Joseph Stalin,
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  • THE WORLD 1
    • WORLD WATCH
      • 106 10 WASHINGTON US Trade Representative Carla Hills said on Monday it would likely take more than two weeks for Mexico, the United States and Canada to wrap up their North American Free Trade Agreement. Officials had said earlier they hoped the pact
        106 words
      • 65 10 SEOUL The South Korean government expressed concern yesterday about Japan's plans to send armed forces overseas for the first time since World War Two. Bitter memories of Japan's 1910-1945 occupation ot the Korean peninsula and Tokyo's attempts to stamp out Korean culture and language
        65 words
      • 78 10 WASHINGTON US Secretary of State James Baker and Russian Foreign Minister Andrei Kozyrev planned a second round of arms talks late yesterday, hoping to turn the promise of a new US-Russian partnership into deep new cuts in long-range nuclear weapons. The two ministers met
        78 words
      • 74 10 BRUSSELS The European Commission will examine a new US-Japan semiconductor agreement to determine if it discriminates against European suppliers of computer chips, an EC official said yesterday. Brussels has not yet been notified of the details of the agreement announced last week between the electronics
        74 words
    • 476 10 Integration seen as threat to employment and sexual equality Reuter STOCKHOLM Nordic women are in the front lines in the war against closer European union, afraid that the welfare state and their own hard-won rights will suffer in a male-dominated structure. In Denmark,
      Reuter  -  476 words
    • 481 10 AFP SEOUL South Korea is aiming to become an air transport hub for North-east Asia with the construction of a US$l2.7 billion (5520.6 billion) international airport on Yong-Jong island, west of Seoul, to be completed by the year 2020. Transport
      AFP  -  481 words
    • 526 10 Reuter CAIRO Iran has privatised a string of state sector companies and set up a booming stock exchange. Sudan's radical Islamic government recently devalued its currency by 300 per cent and slashed state subsidies on foodstuffs to try to control its budget deficit.
      Reuter  -  526 words
    • 514 11  -  Move to prevent further collapse of industrial and agricultural production From John Helmer in MOSCOW THE Russian government has drafted a new economic plan which it will present to Western governments and the International Monetary Fund (IMF) in the next two weeks. The plan indicates
      514 words
    • 359 11 Reuter PRAGUE Talks between Czechoslovakia's top two politicians failed yesterday and prime minister-designate Vaclav Klaus said the country looks likely to split. "The (Czechoslovak) federation is lost." he said after meeting Vladimir Meciar. leader of the Movement for a Democratic Slovakia (HZDS)
      Reuter  -  359 words
    • 484 11 Reuter WASHINGTON The Central Intelligence Agency (CIA), in its first report on the economic health of Russia and the other former states of the Soviet Union, on Monday painted a bleak picture of their future, including a warning of possible political instability.
      Reuter  -  484 words
    • 322 11 Reuter VIENNA East European countries try ing to attract foreign investment are doing more than singing the praises of* their own markets and economies. Eor many, the clinching argument is that they are a launch pad for exports to the whole
      Reuter  -  322 words
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      263 words

  • Page 11 Advertisements
    • 388 11 The Russian putsch continues, Fg 12 U EPSON >^'' **>' II rmlUll Id I *5* new PC AX 4s from Epson. an processing i4B6SX-25 CPU. This automatically makes it one of the fastest in the market. numeric-intensive applications with *****5 X co-processor. With a minimum 4MB and a maximum 16MB
      388 words

  • 487 12 EDITORIAL MILLIONS of Indonesians voted yesterday in an exercise of choice that was, by the standards of other democracies, one of the most predictable. Golkar's win, by a handsome margin, will corne as no surprise. As for the two opposition parties the Muslim-based United Development Party
    487 words
  • WHAT THE OTHERS SAY
    • 234 12 PJiE Government's slowness to react to rumours Cncerning Singapore Technologies Ventures that fed been building up for months in business and fciancial circles fuelled partly by foreign and jbcal speculative press reports has inadvertently Created an impression that had it not been tor Inconvenient questions from the
      234 words
    • 87 12 THE votes of more than 107 million Indonesians in today's general election will chart the future of their country's political landscape. The main feature ot the election is the endorsement of President Suharto for his coming fifth term. He is the sole presidential candidate and all the
      87 words
    • 190 12 NTUC Comfort general manager and MP for Tanglin Lew Svn Pau said the relevant authorities are setting up a committee to look into the feasibility ot taxis having a two-tier flag-down fare. If the system is found to be feasible, then bigger taxis will charge a higher
      190 words
  • REGIONAL VIEWPOINTS
    • 149 12 THE business community, which has been feeling the brunt of the credit crunch since the middle of year when the government began imposing restrictions to cool the overheated economy, will certainly welcome the latest monetary indicators announced by the governor of Bank Indonesia. Adrianus Mooy. All the
      149 words
    • 173 12 THE Democrats' attempt to persuade the Chart Thai Party to endorse the nomination of Democrat leader Chuan Leekpai as prime minister seems to have made little progress over the weekend. Democrat party secretary-general Major-General Sanan Kachornprasart (has) rated Chuan's chances ot getring the premiership at
      173 words
    • 183 12 WITH the Earth Summit in progress, calls for introduction of an "environment tax" in Japan are growing. To replace the existing environmentally destructive economic system with a more conserva-tion-oriented one, the government must develop a mix of policies taxes, surcharges, regulations and financing. It would be preferable it
      183 words
  • 1411 12  -  The public quarrel between Boris Yeltsin and Mikhail Gorbachev has taken on a threatening tone. John Helmer reports on the turbulent state of affairs. John Helmer THE clash of press releases this week by Russia's President. Boris Yeltsin, and former Soviet President. Mikhail Gorbachev,
    1,411 words
  • Page 12 Advertisements
  • Page 12 Miscellaneous
    • 80 12 DOONESBURY BY GARRY TRUDEAU A FEW LIVES AFTER MY fTWASMYFIRST UFBIM HOWEVEP, ITREALLYUJASNT PULL IN THAT TUSH, INCARNATION ASA HTTTITB THE FAST LANE. I WAS A UNTIL MY INCARNAVON ASA MAJESTY* THAT'S IT 1 CONCUBINE. I BECAME A COURT FAWRJTB, ANP MAPE COURTIER TU QUEEN NEFEfiTTITI FEEL THE BURN! <
      80 words

  • ANALYSIS
    • 930 13  -  Indonesia's test of economic management may have only just begun. William Keeling reports on Jakarta's struggle to control the process of deregulation. William Keeling FT INDONESIA, a ccntrallv -controlled, bankrupt economy in the mid--*****. has emerged into the 1990s with a 20-year record
      FT  -  930 words
    • 1425 13  -  The competition hots up for possession of Foster's, the fourth largest brewing company in the world. Florence Chong looks at the list of suitors and their chances. Florence Chong SOME of the world's best known brewing companies, including San Miguel of the Philippines and Holland's Heineken, have
      1,425 words
    • 715 13  -  The stage is being set for a turnaround in South Korean corporate profits and stock prices, says Steven Brull. Steven Brull IHT A FEW YEARS ago, when the South Korean economy seemed destined to follow a Japanese trajectory into the stratosphere, foreign investors were willing
      IHT  -  715 words

  • THE LAW PAGE
    • 1600 14  -  Damned if you do. damned if you don't. Walter Woon examines where a nominee director's loyalty should lie Walter Woon The writer is vice-Jean of the Faculty of Law at the National i niversity of Singapore. A CYNICAL writer once claimed that the law is an
      1,600 words
  • Page 14 Advertisements
    • 137 14 P^B^R&s& Alcatel. The capability to meet all communications systems needs worldwide. Alcatel's world is one of communications. Above all, our worldwide expertise Our expertise is total and encompasses A world which is dedicated to advancing enables us to help develop communications all communications systems: Network Systems; the technological capability and
      137 words

  • Page 15 Advertisements
    • 160 15 Exploring the uses of derivatives should be satisfying, not mystifying. Derivatives don't make risk disappear, but they do make it possible to exchange a risk you'd rather not take for one you're more willing to accept. Options, swaps, and other derivatives are simple in essence, but since they're so versatile,
      160 words

  • Page 16 Advertisements
    • 857 16 mMm Nothing BGSAS A Bud- nftflra where to wine, dine OF Phuket Treasures of the Sea Uncover the culinery mysteries of Phuket right here at Cafe Plaza. With exotic offerings like Marinated Cuttlefish Salad, Braised Fish Bladder Soup, Crayfish in Sambal Chilli, Baked Sea Crab with Vermicelli, Fried Prawn in
      857 words
    • 224 16 DIAN XIN LUNCH FAVOURITES >6 DAILY AT PINE COURT You'll enjoy our delicious selection of authentic Beijing Dian Xin served amidst the splendour of an Imperial Court. May we expect you today? From noon to 2.30 pm. fKE7T A la carte menu available. fljjuV -//a/it/cif/i ktkf tnfeaifiaimn 333 Orchard Road.
      224 words
  • Page 16 Miscellaneous
    • 681 16 TELEVISION AND RADIO .wiiuMaaaaaaßaaaMHHHMMMMM T Ml 11 «S Ifo MS**-* 9ur BUSINESS OH RADIO Jailnouse blues rizz~»«~c*, ««-vkm,. AA4iVy Nightly Business Report. 11.30 Pre-Holiday Night Movie 7.30 Video Power K anoonl NoS?" W TTT Wg— 800 lns,ght Jailbirds (See Our 800 National News (VI) iMH I [I] LH 900 Above
      681 words

  • LIFESTYLE 1
    • 667 17  -  Susan Tsang was impressed by the four-man troupe, Theatre Fantastique, at its performance for the S'pore Festival of Arts '92 Susan Tsang THE TITLE of the performance by the Theatre Fantastique, Matrix. sounded suitably organic. Scurrying to the dictionary to look up the meaning of the word,
      667 words
    • 552 18 MiTMBOX BRIGITTE BARDOT has something in common with a Chinese pig farm. Bardot, who has bkome a serious animal rights activist since she quit making movies, the pig farm and more than 70 other people and organisations were honoured with global 500 environmental awards
      552 words
    • 585 18  -  Bernard Weinraub on a movie that oilers an insight into the popularity of Ross Perot Bernard Weinraub NYT IT's the hottest day of the year in Los Angeles, and the morning rush-hour traffic on the highway is gridlocked. A bespectacled man in his late 30s, neatly
      NYT  -  585 words
    • 82 18 THE WONDERS of the animal kingdom, complete with realistic jungle sounds, came to life at the DBS Auditorium yesterday afternoon. Theatre For Africa, a South African environmental company, performed Knamanzi a mime about the wonders of the animal kingdom and the disastrous
      82 words
  • Page 17 Advertisements
    • 227 17 AND ENTERTAIN (Tl D K H) /jgnm The musical magic of FRANK ROBIN arrives at Ridleys. Catch their versatile act of country and western contemporary hits at happy hours. All drinks at half price during these hours MoJ.fi: 1A SINGAPORE .Ylon to Thur 6poi to 10 pui ie m.u sngaoo'e
      227 words
    • 60 17 TlSf ■■■debutsHH Experience this sizzling Japanese encounter at NISHIKI RESTAURANT! Set meals available at unbeatable prices of $20 to 525 for lunch and $35 to $38 for dinner. For reservations, please call 3224 224/5. Von Jon't hut*t to ht a member to enjoy fine Jinmruf uMm MARINA BAY GOLF A
      60 words
    • 179 17 —mJ f W ,1 ilf V I I Jhßp 4 r 4"- 4t ——P Mr. Im Wring Why* §j| Chief Engineer FOR RELIABLE SERVICE, PRODUCT AND SYSTEM, YOU CAN DEPEND ON TEAM TRANE. JJ im Mr. MfllH* Low jL Equipmeru Syverm Engineer MSB *-BPS faffilffl BEST VAU. E CALL: 468
      179 words

  • SPORTS 1
    • 473 18 Reuter THE OLYMPIC flame was ceremonially handed over in Athens on Monday but not without a sharp reminder from Greek Olympic chief Lambis Nikolaou that his country is still bitter at losing the bid to stage the next Games. At one stage. Greece had
      Reuter  -  473 words
    • 871 18 Paying the taxrnan can spell financial trouble for often-highly-paid US sportsmen NYT Many of them still don't get it. Although more than 200 major league ballplayers in the US earn more than US$l million (S$ 1.6 million) a year, and even the salaries for
      NYT  -  871 words
    • 486 19 Reuter MAI MO. Sweden Swedish police disguised as sunbathers will be on the look-out for English hooligans at the European championship soccer finals. Operation Sunshine was tested on Monday on Malmo's popular Ribban I teach, where a campsite has been prepared for
      Reuter  -  486 words
    • 587 19 AP WIMBLEDON Now comes the tough part for Jim Courier and Monica Seles, each halfway to that most elusive of tennis prizes, a Grand Slam. Now comes Wimbledon. It's one thing to win on the quick, hard courts of the
      AP  -  587 words
    • 397 19 AP MANILA Top-seeded Russia led 21 other countries on Monday in sweeping their opponents in the first round of the 30th World Chess Olympiad. The Russian men's team felt no need to field world champion Garry Kasparov in disposing the
      AP  -  397 words
    • 423 19 NYT NEW YORK A senior official of the world governing body for track and field said on Monday that the seven athletes who competed against Butch Re>nolds in a 4<K)m race last Saturday in San Francisco are likely to face suspension.
      NYT  -  423 words
    • SIDE LINES
      • 105 19 EPHRATAH. New York Jack Papa, organiser of an international cycle race in which three people died last Sunday, has said he will never stage the race again. Papa, who was reported to be "devastated" after the fatal accidents during the Bud Light 24-hour Challenge,
        105 words
      • 132 19 IRVINE. California World 400 m hurdles record holder Edwin Moses' bid to become a five-time Olympian remains in the balance. The 36-year-old hurdler had to withdraw from a Sunday meeting with a pinched nerve in his lett ankle, and now has just one last chance to
        132 words
      • 94 19 LONDON World long-jump silver medallist Hcike Drechsler was named as a drug-taker in a British television programme on Monday. She was identified along with former Olympic shot-putt champion Udo Beyer and Marita Koch, the one-time Olympic 400 m winner, as having taken anabolic steroids as part
        94 words
      • 117 19 LONDON Pat Cash beat JetYTarango 6-1.6-1 on Monday in the opening round of the Queen's Club grass-court tournament. increasing his chances of being offered a wild card to Wimbledon. Cash, one of three former Wimbledon champions competing at the Queen's Club, has slipped to 214 th
        117 words
      • 115 19 ISLAMABAD Sports-loving Pakistani Prime Minister Nawaz Sharif has complained that his tennis court is useless, his swimming pool dirty and that his bodyguards will not let him go jogging. Sharif said during a foundation-laying ceremony at an Islamabad park on Monday that there was no decent
        115 words

  • Page 19 Advertisements
    • 194 19 PERSONAL INVESTING FINANCE SOTPT.iaiufENT '92 A Special Business Times Survey July 23) 1992 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
      194 words

  • STOCK EXCHANGE OF SINGAPORE 1
    • 1038 20  -  By Magdalene Ng SINGAPORE share prices continued to slip in lacklustre trade, pushing the Straits Times Industrials Index, the market's barometer, below the psychological 1,500 level. Traders however were not worried because the fall was on thin volume. The STII finished the
      1,038 words
    • Article, Illustration
      81 20  -  -By Quak Hiang Whai Comment HAI SUN HUP looks set to test its all-time high of $2.81. A decisive break through that resistance may see the stock hitting its next target of S3. But the buying may fi/zle out as RSI is now at about 75 while daily,
      SOURCE: BRIDGE INFO  -  81 words
    • 3034 20 Gr's Gr's 1992 Tel Cuit last Vol Day last Quote Di* Oiv VTd Net M Cap High Low Code Company Traded Sale +or- ("000) High Low Buyer Seller C>t S P/E Smil INDUSTRIAL AND COMMERCIAL 220 170 1000 Aetna 188 xd unch 15 188 188 188 189 12.2 2.1 6.5
      3,034 words

  • 2949 21 C hem Ind WS tx 10.4% Keppel C Wt 530 t 20 t V4"„ Prima *2U 3.5% lsclan 50* 505 t 15 t VI"*. Mai Sun llup 20* 275 t III t V8% SI 2tH» 127(1 'HI MIX'S. OCB S<i5 *> I 8% lir-a Cap
    2,949 words
  • Page 21 Advertisements
    • 37 21 With over 170 million cards accepted at over 9 million establishments, no card is more honoured around the world. MasterCard card also gives THE master you easy access to cash at 200,000 bank branches and ATMs worldwide.
      37 words

  • 3359 22 MAX 79 +6 8.2% M Ranking 510 5 +1.(1% Imalcx 21 +2 +10.5% Kl Industries 77 <2 +2.7% l andmarks Bhd 113 +2 > 1 X% MAS 376 +2 +0.5% MISt" Foreign 456+2 0 4% NS I 312 2 0.6% M Mosaics 76 IVi 2.0%
    3,359 words
  • Page 22 Advertisements
    • 158 22 BUSINESSnjOS Toll free Tel No 737 0043 Fax No: 734 3698 I£ you're planning tor an exciting j career move, j the J Appointments j Section is just j j the place to j j start looking j tor that j perfect j position. I i J FOR SUCCESSFUL MANAGEMENT,
      158 words
    • 240 22 IN THE MATTER OF THE COMPANIES ACT. CHAPTER SO ANO IN THE MATTER OF KAILEY CURTIS PTE LTD (IN MEMBERS VOLUNTARY LIQUIDATION) NOTICE IS HEREBY GIVEN, pursuant to Section 306 of the Companies Act. Chapter 50. that the FINAL MEETING of the Members of the abovenamed Company will be held
      240 words
    • 243 22 IN THE MATTER OF THE COMPANIES ACT. CHAPTER 50 ANO IN THE MATTER OF LOMBARDO MARINE (SINGAPORE) PTE LTD (IN MEMBERS VOLUNTARY LIQUIDATION) NOTICE IS HEREBY GIVEN, pursuant to Section 306 of the Companies Act. Chapter 50. that the FINAL MEETING of the Members of the abovenamed Company will be
      243 words
    • 240 22 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 ANO IN THE MATTER OF JOHN DEERE INDUSTRIAL (PTE) LTD (IN MEMBERS VOLUNTARY LIQUIDATION) NOTICE IS HEREBY GIVEN, pursuant to Section 306 of the Companies Act, Chapter 50. that the FINAL MEETING of the Members of the abovenamed Company will be
      240 words

  • KUALA LUMPUR STOCK EXCHANGE
    • 1074 23 Bernama INVESTORS liquidated for profits after the market continued to laek fresh incentives to lead share prices here to an easier close yesterday. The KLSE Composite Index at the close dropped 0.72 of a point to 584.67, the Industrial Index 3.04 points
      Bernama  -  1,074 words
    • 4239 23 1992 last Vol Day Net Cap High I-ow lelcode Company Sak "000 High l>ow P/E $mil INDUSTRIALS 221 165 7003 AISB 50* 169 unch 13 169 169 15.1 173.4 414 306 7004 ASM 50* 306 -6 148 312 306 16.1 1258.2 650 530 7000 Acidchem 595 20.5 255.8 515 384
      4,239 words

  • BT SHARE INFORMATION SERVICE
    • 655 24 Company Rights Issue Afeance lech One for one SI 00 pet share CASH three tor two M$0 50pet share Eli Tan Sang Three tor one $1 (ft per shate Golden Hope One tot su <>< M$150 pei shate H Leong M I *0 tot tive M$3 35 pet
      655 words
    • 350 24 Mam Board Last full Year Forecast Date Net Net Profit IPS anncd tear EPS Cross profit Range Range Company Period last jr ending (cts) 000) (SSm) (tts) SIA MiyZO Mm 9.' 1432 400 912.800 9869 11/bO lb3 9 184 0 Metro Hldgs F lun 13 Mar 92 110
      350 words
    • 575 24 Main Board Fu Year Company Penod Date Year EPS Cross tot announced ending (cts) <6* profit last year (SVOOO) [ms Final Nov 6 Jul 91 3 OTE 17.878L lacks lilt final Apr 30 Ian 92 2281 Pacific Can Interim Jun 3 Sep 92 02 106 Van der
      575 words
    • 184 24 Company Date Year Group pre-tax Net earnings Cross ann to profit/loss (L) per share dividend ('000) (cents) Menang Corpn Jun 8 Dec 91 M$6.53«L($3.169t) -i j PMR jun 6 Mar 92 M$17.243($12.116) 198(162) 15(15) lugr Jun 4 Dec 91 M$1.046l($252l) PMC jun 4 Mar 92 M$46 125($51.044t 178(165)
      184 words
    • 220 24 jun 8 Listed Pacific Carriers Ltd has announced that it will transfer ownership of one of its vessels, m.v. Ikan Talang, to a newly-purchased Malaysian shelf company, Classgem Sdn Bhd, in order to lower operating costs A wholly-owned subsidiary of Ssangyong Cement (Singapore), Vermiculite Industries (Pte) Ltd, has
      220 words
    • 154 24 Company Date Half-year Croup pre-tax nte ann to profit/loss <L) dividend (000) KL Kepong Jun 1 Mar 92 M$52 213(M$45 437) NYA(5) Wearnes May 29 Mar 92 S6.427KS21.878) 3(7) Ganda Hldgs May 25 Mar 92 M$2.548($554l) Samanda Hldgs May 25 Mar 92 M$7.006($5.558) C4C May 22 Mar 92
      154 words
    • 1209 24 Current Ex Books Date Total for Total for payment date close payable the year last year Acnu 5% Jun 5 Jun 18 Jul 2 12 2% 10%TE Amcol 25c 10" Aug 21 Aug 27 Sep 10 10% 10 Apolo 25" Jun 3 Jun 16 Jul 23 25% B
      1,209 words
    • 490 24 Company Rights Issue DiC Bar* One tortwo <« MSI 25 per share Ex date ton 2 Books close Jun 17 Acceptance Payment NYA KeppH France One tor tour fe SI 10 per share Ei date May 25 Books close lun 4 Acceptance Payment )ul 14 MAA Three tor
      490 words
    • 126 24 Pubic Packages Holdings Bhd: 5th AGM at the Equatorial Hotel, 1 Jalan Bukit Jambul, ***** Penang, on Wednesday, June 10, at 11.00am Federal Fkx* Mfc Bhd: 20th AGM at 19th Floor. Wisma Jerneh, 38. ialan Sultan Ismail, ***** Kuala Lumpur, on Wednesday, June 10, at 10.00am Chemical Industries
      126 words
    • 50 24 Corners ion Special I rd« Scripless Conversion deadline Period I rading Compan> starts (I DPI (SI) starts Goldtron Ma> 12 Jun 8 Jun 23 Keppel Finance Jun 10 Jul I Jun 19 Jul I Jul 2 Keppel Corp Jun 12 Jul 2 Jun 12 Jul 2 Jul 3
      50 words
    • 649 24 Company Date Year Group Net Net earnings Cross ann to profit/loss (L) per share dividend COOO) (cents) fup Offset Jun 8 Dec 91 $1,131 ($1,516) 3.1(4 2) lOTE(lOIE) Sun Corpn kin 8 Dec 91 $154($781L) 1.5(-) -<-> Apollo Jun 5 Dec 91 $5.403($3,408) '-9(6-1) 2 5< Bousteadco lun
      649 words
    • 156 24 RECORD HIGHS LOWS BT Composite Index ST Industrials Index 1992 hith: 1316.68 21/2/92) W 27 1 92 1992 tow: 1191 31 (09/4/92) J** tow 352 83 (09/4/92 1991 high: 1333.08 (3/6/91) J J* j*"® 1991 tow: 1022.52 (16/1 91) 1J9J8 16 1/91 1990 hifh: 1435.43 (16/7,90) |»J ,12 1990 tow
      156 words
    • 482 24 Trans Registered Substantial Buy/ No. of Amount Shareholding Aft s Stock Date Holder Shareholder/Director Sell shares S Before After cp„ nvnfi'9? OCBC Ltd *s 50.000 422.500 23.728.532 9 76 23.678 532 9 73 Low Keng Huat 02/06 92 DBS (IPte) ltd Fong Siew Heng S JJj.OOO 222.000
      482 words
    • 388 24 In local curr In SS In USS d> yr °o d> yr d> S w June M Index dige chgc cligt dige ehgc chge World 392.9 -0.2 -3.8 -0.2 -4 9 -0.4 -5.3 *E\FE ..473.2 -0.5 -5.8 -0 3 -7.5 -0.5 -7.9 Eumoc ::::i 448.1
      388 words

  • STOCK EXCHANGE OF THAILAND
    • 1864 25 Reuter STOCK PRICES fell heavily on selling inspired by nervousness about today's third and final reading of a constitutional amendment and demonstrations planned by pro-military and opposition groups, brokers said yesterday. The SET Index dropped 18.79 points, or 2.7 per cent, to 684.47
      Reuter; Source: Bridge Info  -  1,864 words
  • 857 25 June 8 Rupiah High Low Vol AJP Putra 5000 Abda 1400 unch 1400 1400 4500 Ahap Ins 4350 unch 4350 4350 2500 Alumindo Perkasa Uta .3150 100 3150 3100 6500 Aqua Golden M 3850 ArgoPantes 4250 +100 4250 ********** Asr. Bintang 450 Aster Jawa 1700 50 1700
    857 words
  • Page 25 Advertisements
    • 141 25 The Jakarta stock market was closed yesterday for the parliamentary elections. Below are Monday's closing prices. i 1 SHBH Scalpel...scissors...sutures...BusinessTimes Whether you're a surgeon, lawyer, contractor or engineer, all the current trends that affect them. you need to be kept well informed to maximise returns on vmir mnnnu Essential information
      141 words
    • 16 25 EXECUTIVE OPPORTUNITIES read the Appointments pages Managers must manage. Business Times shows you how every Monday.
      16 words

  • TOKYO STOCK EXCHANGE
    • 2594 26 Reuter STOCKS yesterday ended up in thin trade after three days of losses. Brokers said investors stayed sidelined ahead of Friday's futures settlement and the Bank of Japan's quarterly economy survey. Trading was led by futures-linked programs and speculative buying of Meiji Milk. "While nobody
      Reuter  -  2,594 words
  • STOCK EXCHANGE OF HONGKONG
    • 2722 26 Reuter SHARE PRICES ended easier yesterday but US institutional buying and bargainhunting pared early sharp losses triggered by a plunge in HSBC prices, brokers said. "We saw a gradual recovery with US institutional money still flowing in, mainly into blue chips," said a
      Reuter  -  2,722 words

  • AUSTRALIAN STOCK EXCHANGE
    • 2088 27 Reuter STCX'KS closed virtually unchanged yesterday in quiet trading following the long weekend. The All Ordinaries Index closed unchanged at 1674.5 after slipping to 1671.1 in morning trade. A total of 85.2 million shares worth A$ 171.1 million changed hands. Falls outpaced gains by
      Reuter; Source: Bridge Info  -  2,088 words
  • REGIONAL STOCK MARKETS
    • Manila shares slip after hitting record high
      • 575 27 PHILIPPINE share prices dipped slightly yesterday after hitting a record high but brokers said the correction would be short-lived as sentiment remained bullish. The Manila Stock Exchange Composite Index broke the psychological 1,600 barrier just after opening, but slipped quickly to close at 1,568.25, down 12.03 points from Mondav's
        575 words
      • 282 27 NEW ZEALAND shares yesterday closed weaker for the third consecutive session with most companies losing a few cents each as the New Zealand dollar rose and as overseas investors stayed away. Sentiment was described variously as "lacklustre" or "indifferent", and brokers perceived the market to be fully priced
        282 words
      • 524 27 TAIWAN STOCKS yesterday closed lower across the board on fears the central bank would tighten money market liquidity to fight inflation, brokers said. The weighted index ended 38.39 points lower at 4,526.65. Turnover fell to NTS2O.6 billion from Monday's NT525.5 billion. Short-term interbank rates rose sharply, with the overnight
        524 words
      • 72 27 SHARE PRICES on Monday edged up in light trade on scattered institutional support, brokers said. They said the market undercurrent was hesitant on rumours that the Bombay Stock Exchange (BSE) board might suspend four brokers for their involvement in a 30-billion-rupee securities scandal. The BSE Index went up 13.92
        72 words
      • 801 27 THE GLOOMY stock market slipped again yesterday to close at the lowest point since President Roh Tae Woo came to power in February 1988 although intervention lifted the index up from the lows, brokers said. "We went in twice (yesterday). In the morning with 10 billion won and in
        801 words
      • 53 27 Close Previous June 9 NEW ZEALAND NZSF.-40 Capital 1.559 39 1.572 30 -12.91 MANILA Composite Index 1.568 25 1.580.28 -12.03 Turnover (mil pesos! 775.3 511.9 +263.4 TAIPEI Weighted Price Index 4.526.65 4.565.04 -38 39 Turnover (NTS billion) 20.6 25.5 -4.9 SEOUL Composite Stock Index 561.76 563.65 -1.89 Turnover (billion won)
        53 words

  • WORLD STOCK MARKETS
    • US stocks end mostly weaker
      • Article, Illustration
        1420 28 WAI L STREET on Monday closed a low-convict ion session mostly on the downside, hut blue chips eked out a small gain in the last minutes of trading. Caution ahead of economic data this week, uncertainties about the US presidential elections and a lack of leadership among stocks
        1,420 words
      • Article, Illustration
        958 28 UK SHARES drifted lower throughout Monday's session in meagre trading, posting sharp closing losses as marketmakers reduced prices to try and attract business, dealers said. Concern over the UK economy and European Monetary Union (EMU) dominated sentiment, they said. "Noone is doing any business today, partly because Europe is
        958 words
      • 197 28 DUTCH shares began mixed yesterday morning with no real influences as investors stayed on the sidelines. The FOE Index was 1.05 higher at 318.47. Wall Street's slight rise on Monday and a lower dollar were the only external influences, with dealers saying investors have looked again at the idea
        197 words
      • 171 28 FRENCH share prices were expected to open mixed to slightly firmer yesterday morning, but trade should be choppy and technical following a three-day weekend, dealers said. "Arbitrage between stock index futures and shares will account for most of the activity," one trader said yesterday. On Friday, the CAC-40 index
        171 words
      • 349 28 ITALIAN share prices beat a retreat on Monday with hardly any suggestion of resistance as investors reacted to the wave of bad news which rolled over Italy late last week. The bearish close of leading shares like Fiat. Generali and Stet depressed the market and the blue chips' poor
        349 words
      • 261 28 SWISS shares yesterday opened steady to easier as interest rate worries weighed on the market after Union Bank raised the rates it pays on cash bonds by between 1/4 and 1/2 a point. The SMI index of leading shares was two points easier at 1.911.4 alter about 15 minutes
        261 words
      • 294 28 THE JSE Industrial Index ended at 4.669 on Monday, up from 4.667 on Friday. Other markets in Europe, South Africa and Canada Johannesburg June 5 Rand INDUSTRIALS A Alpha 4350 KXJ AECI 965 -15 AMK 8700 f 50 Abercom 125 Amaprop 635 10 BAZ 1300 Barlows 5925 25 Basil
        294 words
      • 381 28 TORONTO stocks ended mixed on Monday after a quiet day with the management companies index jumping more than one percentage point. "Conglomerates are up by 67 points, everything else is doing basically nothing." Rolie Bradley, a trader with Maison Placements Canada said. The TSE 300 officially closed up 1.9
        381 words
      • 344 28 June W I'rrtiaius f NEW YORK l)u» Jones *404.14 VWK.M '5 45 SAP 500 4H.Ki 4M4K -0.12 t urnover (million) IM l' N LONDON Financial limes .'•I 205 7 I 20 77 4 -20.1 I I SI KM) 2.M5.K 2Ui*.5 -22.7 t urnover (million) W5..' 5 I X -226.5 FRANKFURT
        344 words
  • Page 28 Advertisements

  • CURRENCY, MONEY & FUTURES MARKETS
    • 1161 29 REPORTS ASIA TOKYO: The dollar ended steady against the yen and the mark after hectic trade yesterday, dealers said. The Bank of Japan (BOJ) was rumoured to have sold dollars in the afternoon following its apparent sales in the morning, but failed
      1,161 words
    • 380 29 Cross rates J unc 9 IJSS SS MS Dm Yen SFr AS NZS USS 1.6270 2.5200 1.5850 ***** 0.5441 1.4470 1.3072 1.8382 SS 0.6146 1.5489 0.9742 77.9963 0.3344 0.8894 0.8034 1.1298 MS 0.3968 0.65 0.6290 50.3571 0.2159 0.5742 0.5187 0.7295 Dm 0.6309 1.0265 1.5899 80.06 0.3433 0.9129
      380 words
    • 527 29 Interbank rates SS Bid Offer Overnight 2 13/16 2 15/16 1-month 2 7/8 3 2-month 2 15/16 3 1/16 3-month 3 3 1/8 Overnight mode: 2-5/8 ISS Bid Offer 7 days 3 7/8 4 1 month 3 7/8 4 2 months 3 7/8 4 3 months 3 15/16
      527 words
    • 382 29 Reuter AUCKLAND After idling for several months in a very tight range, the New Zealand dollar has powered ahead in top gear and has more speed left yet. analysts said here yesterday. Overseas confidence in New Zealand's economy, a related interest rate rally, strength
      Reuter  -  382 words
    • 1474 29 SIMEX EUROOOLUR Open High Low Sett Est Vol Act/Vol Op/lnt < Ju n9"> 96 02 96.03 96.01 96.02 1731 2069 ***** < Sep 92 95J4 95.75 95.73 95 75 4330 4310 ***** j Dec 92 95.11 95.11 95.09 95.11 3400 4106 ***** < Mar 93 94.98 94.98 94.96
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  • COMMODITIES
    • 231 30 Knight-Ridder SINGAPORE Japanese coffee importers are now only making minimal purehases of new-crop Indonesian beans, confident that prices will decline as the harvest progresses, traders here say. "Indonesia's harvest has just started. So the prices will come down. Japan and the
      Knight-Ridder  -  231 words
    • 352 30 Reuter LONDON As world mining recovers from recession in the next few years, postapartheid South Africa will emerge as a strong force in neighbouring countries and overseas, according to Swedish researcher Raw Materials Group (RMG). The world's corporate mining sector would pursue
      Reuter  -  352 words
    • 732 30 REPORT THE PRICE of tin surged sharply to an 18-month high of MS 16.05 per kg on the Kuala Lumpur Tin Market (KLTM) yesterday, up by 14 sen from Monday's close as the metal attracted heavy buying demand and shortcovering activity
      732 words
  • 1602 30 Rubber MRELB (fob in bates) (M cents/kg) Noon Close Int I RSSJulv 92 22IOO/223 00N 221.00/***** Inl 2 RSS OP 2I9.00/220.00N 2I9 00/*****N UK/Com 218.00/219.00N 2I8.00/2I9.00N Int 3 RSS OP 216 50/2I7 50N 216.50/217 50N UK/Com 215.50/216.50N 21 50N Int 4 RSS OP 213.50/214 50N 213 50/214 50N UK/Cont
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  • Page 30 Advertisements
    • 1561 30 BUSINESS TIMES Toll free Tel No 737 0Q43 Fax No: 734 3688 IN I Ht: MATTER OF THKl'OMPANIKS ACT. CAP. 50 LIAN GUAN HUAT CONS TRUCTION PIE I I I) tin Voluntary Liquidation) At an Extraordinary General Meeting of the members of I.IAN GUAN HUAT CON SI RUCTION PTE LTD
      1,561 words

  • 1274 31 City Flight ETA Flight ETD Abu Dhabi GA886 0010 Adelaide QF81 1955 QF82 2205 SQ227 2245 Amsterdam GA895 1100 SQ324 2200 KL837 1255 KL838 2240 Athens 0A471 0055 0A472 2240 Auckland NZ21 1820 IMZ22 1940 SQ286 2030 SQ7295 2245 Pfi-'-p'p*" GA911/524 0800 Bandar Sari BI421 H05
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  • THE TRAVEL PAGE
    • 657 31  -  POSTCARD FROM LONDON By Nicholas Woodsworth IN THE US, they are called "boutique hotels" not a pretty name. In London, they do not seem to have any recognised name at all. But il the recently-coined term "town house hotel" has yet to catch
      657 words
    • 154 31 As at 10am yesterday: Imul dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.2390 1.2556 Canadian dollar 1.3483 1.3756 NZ dollar 0.8751 0.8928 Sterling pound 2.9751 3.0154 US dollar 1.6230 1.6300 Local dollars to 100 units of foreign currency Austrian schilling 14.42
      154 words
    • 62 31 Duration Title Venue Organiser Tel Duration Title Venue Organiser Tel July >0-24 Electrotcch NEC Electivx Ltd. 071-*****47 Aug 22-25 International Frankfurt. Messe Frankfurt (49)69/***** Birmingham London (fax) Trade Fair for German> GmbH Consumer Goods Sep 6-9 Fine Food Melbourne Australian (61)3/867.7981 Aug 16-18 International Munich. Mode-Woche- (49)
      62 words
  • Page 31 Advertisements
    • 41 31 Discover the lengths Finnair go for just one price. A superb twice-weekly service from Singapore direct to Helsinki and daily connections to over 35 European destinations- all for one price. Call *****77 for details We know Europe from start to Pinniih.
      41 words
    • 7 31 Advertising Marketing in Business Times every Thursday
      7 words
    • 464 31 BUSINESS TIME S Toll free Tel No 737 0043 Fax No: 734 3698 W* w$ gt'J rAIVt ESTATE \AND DEVELOPMENT SITES Prime Investment Country just 25 minutes from the heart of Perth! Marri Park Estate is a superb investment set to benefit from the freeway extension commencing in 1992. The
      464 words
    • 95 31 JAPCAAP TRADING PTE LTD (In Vtemoers Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Secton 306(2) of the Compares Act. Cap 50 that the Fnai Meeting of the Memters of the aßovenamea Oomparty wJ be held at 60 AJben Street #07-10 ACert Complex S ngapore 0718
      95 words
  • Page 31 Miscellaneous
    • 367 31 1 Anything in study can be understood (6,2) 9 York's consump- HllHr H tion of bean curd has been 10 To a great extent love is a chancy game ||H HHH 11 Good spot to view exciting pBL_JHL— juncture in tennis game J l3 1 I I P I 13
      367 words
    • 173 31 Singapore Outlook: Showers over a few areas in the late morning and early afternoon. Report; Maximum temperature 30.0 Assoc humidity 77% Minimum temperature 84.0 Assoc humidity 94% Hours of sunshine 1 80 Rainfall in mm Trace Rainfall this month 32.5 Rainy days this month 4 World forecast Asia-Pacific Hi/I>o* Cond.
      173 words
    • 17 31 Ev£RV "Hmc i ?e.e (pgP-H' QgRMt gßrm£) hrcXl€-'S Rise.... /Tjpt'ON urrWN uk&jJ cr i NEWSPAPERS LTO 1967-1992
      17 words

  • 425 32 Fresh violence feared as MPs prepare to amend Constitution AFP BANGKOK Riot police have been put on alert in the Thai capital over fears of new street violence erupting today when constitutional changes reducing the power of the military are expected to be approved
    AFP  -  425 words
  • 347 32 FT, Reuter LONDON The government is planning to explore with its European Community partners the possibility of a new addendum to the Maastricht treaty, putting limits on the commission's powers to intervene in issues which could be handled at
    FT,; Reuter  -  347 words
  • 311 32 The Earth Summit Reuter RIO DE JANEIRO Imbued suddenly with a sense of urgency brought on by the imminent arrival of their bosses, Earth Summit negotiators on Monday began closing in on accords to fashion a new era of environmental reform. United Nations
    Reuter  -  311 words
  • 390 32 Reuter TAIPEI Taiwan's central bank tightened liquidity to fight inflation yesterday, throwing financial markets into turmoil and sending the Taiwan dollar soaring to a record high against the American dollar. The central bank sucked NTSII billion (Ss7l6 million) out of the banking
    Reuter  -  390 words
  • 316 32 Bernama KOTA TINGGI Johor Menteri Besar Muhyiddin Yassin yesterday proposed that a Singapore-Malaysia Joint Commission be set up to handle various bilateral matters. He said such a commission could amicably resolve any problem between the two countries particularly matters involving Johor.
    Bernama  -  316 words
  • 779 32  -  The Bottom Line SALIL TRIPATHI SALIL TRIPATHI The writer is a BT journalist JAPAN calling the US an unfair trader is a bit like China accusing the US of human rights violations. But strange things do happen in the world: the Chinese did
    779 words
  • 343 32 LDP. Reuter, AFP TOKYO A controversial Bill clearing the way for Japanese troops to serve abroad as peace-keepers passed a major parliamentary hurdle early yesterday, and some 10,000 people took to the streets of Tokyo to protest against its
    LDP. —; Reuter,; AFP  -  343 words
  • Page 32 Advertisements

  • Shipping Times
    • 468 33  -  Singapore mission compiles findings after visit in March By Dexter Lee SINGAPORE Vietnam needs foreign capital and expertise to improve its marine industry, said the Association of Singapore Marine Industries (Asmi) in a report compiled after a 24-member delegation visited the country in March.
      468 words
    • 167 33 SINGAPORE Offshore Pipelines International Ltd has deployed a semi-sub-mersible combination derrick/pipelay barge in Malaysia. The barge named DLB 423 has just arrived in Singapore after operating in the Gulf of Mexico and will begin laying pipelines for Esso Production Malaysia Incorporated soon. Offshore
      167 words
    • 1211 33 Pajje Col ABC Containcriinc 12 1 Accord Group 8 1-3 Ahrcnkicl Liner 16 4 Allied-Link 16 4/5 Alpha Feeders 6 1 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
      1,211 words
    • 378 33  -  -By Dexter Lee SINGAPORE The Federation of Asean Shipowners' Association (Fasa) has become the latest shipping body to call on the governments in South-east Asia to curb piracy in the region. In an open letter to the transport and communications ministers of the
      378 words
    • 300 33  -  By Rahita Elias SINGAPORE Rising marine fuel prices have prompted members of the Asia North America Eastbound Rate Agreement (Anera) to raise bunker surcharges imposed on their customers from next month. From the three months starting July I, the group will increase its fuel adjustment factor
      300 words
    • NEWS SUMMARY
      • 38 33 AG IS Salpukas takes a look at how the national airline of Italy is preparing to face the end of 1992. when barriers to competition are scheduled to fall away throughout Lurope Page 2
        38 words
      • 43 33 ONLY three days after the major carriers ended their latest domestic air war. Delta Air Lines fired another salvo on Monday when it lowered transAtlantic fares for business travellers by up to 45 per cent Back Page
        43 words
      • 32 33 I Ht Big Three US automakers said on Monday they won't invite competing Japanese automakers to join their technol-ogy-sharing groups because they don't need them Back Page
        32 words
      • 47 33 SLUGGISH air travel growth coupled with large property provisions and restructuring costs sent pre-tax profits at BAA. the UK airport operator, tumbling by 22 per cent to £192 million (SSS7O million) for the financial year ending March Back Page
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      • 27 33 CALIFORNIA on Monday launched a consortium of major companies and government agencies to develop technology for electric-powered vehicles. Back Page
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    • LOG BOOK
      • 83 34 SEOUL South Korean car maker Ssangyong Motor Co will export its Korando four wheel drive utility vehicles to three European nations, including tor the first time to France, on a complete-built basis, a company official said. A total of 1,600 Korandos and Korando Family vehicles
        83 words
      • 116 34 WASHINGTON The US Supreme Court on Monday threw out a ruling that would have allowed a passenger "bumped" from a flight because of overbooking to sue for compensatory damages. The court, in a one-paragraph order, vacated a decision of the 9th US
        116 words
      • 68 34 MIAMI A commuter plane crashed on Sunday on a flight from San Juan to Mayaguez on Puerto Ricos west coast, killing two crew members and three passengers, the US Federal Aviation Administration (FAA) said. The plane, a Casa 212 twin-engine plane belonging to
        68 words
      • 93 34 PHILADELPHIA Consolidated Rail Corp said it is studying the future of its C&P Dock in Cleveland, where it will close its Hulett unloading machines for water-to-rail iron ore transfers at the end of the shipping season. Conrail said C&P Dock will be listed as one
        93 words
      • 29 34 ANNISTON, Alabama A commuter plane en route to Anniston from Atlanta with six people aboard crashed on Monday, killing three and injuring the others.
        29 words
      • 37 34 LONDON The Swedish-flag vessel Tor Anglia has arrived safely in Immingham, north-east England, after being disabled by an engine-room fire in the North Sea near Humber, Lloyd's Shipping Intelligence Service said.
        37 words
      • 79 34 PANAMA CITY Panamanian authorities continued the search on Monday for the victims of the commercial plane crash that killed all 47 people on board. So far rescue authorities have recovered 14 bodies from the Panamanian Aviation Co Boeing 737-200 jet which was found in the
        79 words
    • 1549 34  -  Agis Salpukas takes a look at how the national airline of Italy is preparing to face the end of 1992, when barriers to competition are scheduled to fall throughout Europe Agis Salpukas NYT A FEW years ago Alitalia, the Italian airline, was a joke among travellers.
      NYT  -  1,549 words
    • 12118 42 This is a list of ships loading at Singapore tor ports around the world. It tabulates, by destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. LEGEND PN: ship calls at Pcnang after
      12,118 words
    • SHIPS IN PORT
      • 661 49 Vessel Voy No Berth Arrival Departure Vessel Voy No Berth Arrival Departue u Erminia 9236N S04 1006 1000 1006 2300 Marina Terminal 1 Shengyuan 9203 S03 0906 0800 1206 0600 Kabaniahe 22 92 M01 jlongsnte 09 06 2300 Khay mar 12/B ***** MOb atongsde 0906 2300 I
        661 words
      • 229 49 Johore Port Berth: 1; Melaka Jaya III; 2: Yanmen. 3; Tern; 4; Ksar El Boukhari, 5; Barge Munar 2; 6: ml. Oi jetty: Lma 101. Anax Tiger, Global Eos DCJ: Samudra. Due on June 9: Kapitan Karotaeu. Shoko. Sukun. Jati, Gina, Barge Zarah No 2. Juta Jaya,
        229 words
      • 1546 49 DELIVERY OF FCL IMPORT CONTAINERS IN PROGRESS Ship Voy No Containers avaiable Ship Voy No Cortamen avalabte Anro Asia ***** *****2 0725 Raia Bhum 71N COO(EST) *****2 1500 C D Trieste 914A 0806 92 0910 Arthur Ms 9210 COO(EST) 08 0692 2300 OOCl Fame 04W 0806 92 0930
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    • 977 50 Sept 15-16: Asia-Pacific Digital Cellular Mobile omm imitations* organised by IBC Technical. Services Fimitcd at I he Maivgarin Singapore. For further details please contact IBC Icctynical Services at tel: 071-637-4383 or fax: 071-(531-3214. Oct 13-16: Seatrade Asia-Pacif-ic CVuise Convention, organised Seatrade. 1 he event will take place at
      977 words
    • 690 50 WI. KI R fixture reports weighed on the freight market and rates eased accordingly, helped bv the absence of Luropean operators who were on holida>. brokers said on Monday. The Bailie Freight Index (HI I) again tell sharply. bv I I points to 1.192 after slumping to 1.203
      690 words
    • 340 50 FREIGHT rates continued their steady decline last week with some observers seeing the start of the traditional summer decline of the market. The Baltic Freight Index lost 64 points to 1.203 points, coming hack down to the level it achieved at the end of" April. The fall was
      340 words
    • 464 52 Fares for round-trip flights down by up to 45pc NYT NEW YORK Only three days after the major carriers ended their latest domestic air war. Delta Air Lines fired another salvo on Monday when it lowered trans-Atlan-tic fares for business travellers by up
      NYT  -  464 words
    • 383 52 FT I.()NI)C).\ Sluggish air travel growth coupled with large property provisions and restructuring costs sent pretax profits at BAA, the Lk airport operator, tumbling by 22 per cent to £192 million (SSS7O million) for the financial year ending March. But the performance
      FT  -  383 words
    • 496 52 AP DEARBORN. Michigan The Big Three US automakers said on Monday they won't invite competing Japanese automakers to join their technology-sharing groups because they don't need them. "Being too many is not always the secret to success." said Chrysler Corp vicc-presi-dent of
      AP  -  496 words
    • 367 52 Reuter BURBANK. California Seeking to bring aerospace technology down to earth, California on Monday launched a consortium of major companies and government agencies to develop technology for electricpowered vehicles. "It helps to jump start a new global industry." said Lon Bell, president of
      Reuter  -  367 words
    • 312 52 NYT UNITED NATIONS The UN Security Council directed secretary general Boutros Boutros-Ghali on Monday to expand the 14.000-man UN peacekeeping force in Yugoslavia by at least 1.100 in order to reopen the airport at Sarajevo to permit aid shipments. However, the move was contingent
      NYT  -  312 words
  • Page 33 Advertisements
    • 21 33 Lines and »«r>lcM represented ky Wewben ef theßogUtry of Accredited 1*4531*] yw>V fur advertising enquiries, contact Shipping Times Tel 740-20X9/740- 2090
      21 words
    • 148 33 INDONESIAN STEVEDORE AND PORT SERVICES For all Indonesian main ports including outports SHIP MANNING Indonesian crew and officers ratings Sri Lanka crew and officers ratings Can arrange transfer to any worldwide locations CALL HOTLINE: SSfiSIS We Offer More Service We're there when you need us... East or West, or in
      148 words
    • 29 33 Container Schedule 1/ Daly Fragtits 18 Inde* 1 Shipping Guide 10.11 Ships in Port If Singapore Tides 11 Transport Diary 18 Weather and Sea Conditions 17 Weekly Fre«hts 18
      29 words

  • Page 34 Advertisements
    • 84 34 fife Stories on labour and its relationship with management, management concepts in practice, profiles of leading managers in Singapore and relevant book reviews. ENTERPRISE MANAGEMENT, in Business Times every Monday, is must reading for managers who want the competitive edge. Plus an occasional look at successful small Arms and the
      84 words
    • 63 34 NOTICE M.V. GLORIA ACE vay.tl/ ETA 4/M/M, EBPEBANZA ACE V*;Jt ETA Consignees of all damaged cargoes ex the captioned vessel Is hereby notified that a general survey will be held on the 12th June, 1992 at PT 10, 0900-1200 hours. No further survey will be entertained thereafter. Agents: "K" LINE
      63 words

  • Page 35 Advertisements
    • 3907 35 OOCL (S) PTE LTD JARDINE SHIPPING AGENCIES MlVff BOOKINGS TEL *****34 *****58 ifgtfTf JR TERMINAL CPS TEL *****18 220 rCfiflflQM PESAKA JARDINE SHIPPING AGENCIES SON BHD L A PORT KELANG TEL *****18 FAX *****91 *****88 T ~~~T TT 0 PENANG TEL *****4 FAX *****1 CFS TEL *****6 Dedicated to Quality
      3,907 words
    • 1560 35 ■□BHsaaaza: 2 SAILINGS TO NEW YORK I TOR BAY V 0552 ETA Singapore 14/6/92 ETA New York 16/7/92 (via Rotterdam) MCKINNEY MAERSK V 9026 ETA Singapore 16/6/92 ETA New York 18/7/92 Vessel Voy ETA I ETO Feeder by DESTINATIONS Leerorl Aries This week Mc Kinney Maersk 9206 cv 16/6 0800
      1,560 words

  • Page 36 Advertisements
    • 1578 36 R dam/ VQY NO S PORE JFDDAH SHAMTONHBURG ANT LE HARVE DANUBE 02/123 11/6 20/6 4/7 30/6 29/6 I. ALL (MIKKH) LUDWIGSHAFEN EXPRESS 02/323 14/6 1/7 3'7 6/7 7/7 PORT KELANG fc PEfMNG MONTE ROSA 19/124 18 6 27/6 11/7 7/7 6/7 CARGO TO UK/CONTBCNT ELBE 11/324 21/6 8/7 0
      1,578 words
    • 510 36 1 EXPRESS TO PAPUA NEW GUINEA I SPORE CHEFOO V7S 16/06 POM/HON/NORO/RAB LAE/MAO ALAM TALANO VIS 01/07 POM/MON/NORO/RAB/ KIM/LAE/WWK CHEFOO VBS 25/07 POM/HON/NORO/RAB LAE/MAO ALAM TALANC V2S 12/06 POM/HON/NORO/RAB KIM/LAE/WWK CHEFOO V9S 03/06 POM/HON/NORO/RAB ____J LAE/MAO (LCL B/BULK) T/S: ALOTAU. OROBAY. KAVIENG ACCEPTING LCL FOR MAIN PORTS DISCHARGE PORT KELANG
      510 words
    • 1617 36 MVS REGULAR INDEPENDENT FULL CONTAINER SERVICE WESTBOUND TO EUROPE VSL/VOY SIN ALG BCL HAM BRE ROT ANT FEL I HA (VIA (VIA (VIA ALG) HAM) ROT) NORASIA SAMANTHA 9215-3 14/06 06/07 08/07 10/07 11/07 12/07 13/07 13/07 14/07 NORASIA SINGA 9216-3 21/06 12/07 13/07 16/07 17/07 18/07 19/07 20/07 21/07
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  • Page 37 Advertisements
    • 2249 37 W' STRAITS SHIPPING PTE LTD 10 Hoe Chiang Road **11-01 Keppel Towers Singapore 0208 Tel: *****88 Fax: *****17 CAR GO* S RS SP0 1 BK( KRIS MAMJRA VOtt UK Skin. 10 law 09 10 luii 11 lim 12 luii MARION V 'J J!'* STRAUS SIAR VOBl Mujij. Ijb KK 12
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    • 2659 37 SINGAPORE AGENT: 4 p&0 Containers (Singapore Agencies) Pte Ltd X iXV/ Vjillllcllllvl 10 Hoe Chiang Road #07-01 KEPPEL TOWERS. SINGAPORE 0208 Tel 225 2233 Telex RS ***** PNOCSP Fax 225 5327/222 7517 V s CR Number **********0Z EXPORT IMPORT VESSEL VOV pPNG 'PUG SIN ALG SCHJ ANT HOT HAM VESSEL
      2,659 words

  • Page 38 Advertisements
    • 654 38 CR NBR **********0-D EXPRESS SEMI CONTAINERSHIP SERVICES TO EUROPE «L WOV SPORE ROAM ADAM H BURG BREMEN ANTWERP HAD MAIWAM 32W8 9/7-13/7 14J IJ/I 24/t 27,1 FAST TRANSIT TIME ACCEPTING BREAKBULK/CONTAINERISED CARGO Sub|«ct to Inducement. Also accepting cargo to Casablanca. Port Said. Port Alexandria, Genoa. Trieste. ALSO ACCLPEING CONVENTIONAL CARGO
      654 words
    • 1430 38 (p) HANJIN SHIPPING tnfi msi 1 if# HAUI LGB OAK FDH VSI SB HAW SM IM HVC HANIIN VANCOUVIR 009f 14 6 CHRECT *> 6 8 b H KffMJNG^ 30 7 11/7 2 S HA NUN SJATIIF 0731 ?1 f> WRECI 12/1 lb I HANIW CHEJU OS3( 11 bH. KEEIUNG
      1,430 words
    • 1256 38 J d T eT"T3"3"^"i^ I (hi %cr use wc mg rus wt o» ncr m iro iai cm bu ntc ihv un «w iw «g no cw m» I l GMEI IE 017 961n Pt 15/6 17/6 15/6 22/6 23/« 25/6 6 27/« 21,6 I I 5/8 6/8 7/1 II
      1,256 words

  • Page 39 Advertisements
    • 1876 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 PAP EAST SERVICE *****00 IMPORT CFS MB2 *****69/*****96 MB UK/EUROPE SERVICE *****00 EXPORT CFS MB2 *****53/*****50 NEPLINE SDN BHD MALAYSIA K L.-(03) *****33. P Kelang (03)
      1,876 words
    • 1139 39 SINSOV I 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 JOHORE BAHRU: *****1/ *****1 f (REGULAR INDEPENDENT SERVICE) FULL CONTAINERSHIP SERVICES EASTBOWD DtSCHAKGWG WESTBOUND LOAMNC TRAMSHWED WA ROTTEM)AM~
      1,139 words

  • Page 40 Advertisements
    • 1598 40 i 44 "W AS AGENTS KAWASAKI SINGAPORE (PTE) LTD (CR No: **********0 M) !>; W VmT 1 A TEL *****77 TELEX; KAWAKIRS23I6S FAX; *****07/B^9 4 I I r\| M MALAYSIA; "K" UNE MARITIME (MALAYSIA) SDN BHD '1 AHL U*l 1 MmJ TEL SA 55C24GC PK *****01/5 PENANG *****0 J3 *****1
      1,598 words
    • 1198 40 PHILI-ORI€NT UN€5 PTC LTD 108 Robinson Road #07-00 GMG Building Singapore 0106 Tel: *****22 *****69 *****00 Telex: RS ***** FAX: *****76 *****38 BY AIR, LAND OR SEA.... 4B|k WE TAKE ON THE WORLD FOR YOU MEMBER OF SINGAPORE FREIGHT FORWARDERS ASSOCIATION AUSTRALIA/NEW ZEALAND/SOUTH PACIFIC FCULCL SERVICE 19 JUN SYDNEY MELBOURNE.
      1,198 words

  • Page 41 Advertisements
    • 2296 41 =SSaPff PACIFIC INTERNATIONAL LINES (PTE) LTD SSSSiI mmtKl 140 Cecil s,reet #03-00 PIL Building. Singapore 0106 Tel: *****33 cn no 10Q8Q6/QQQQE IJAKARTA 1 [BANGKOK -1 VESSEL VOY SIN BKK SIN VESSEL VOY SIN JKT SIN EQUATOR CRYSTAL 95N 11/6 M" EQUATOR HAWK 47N 11/6 15/6 18/6 uf |A KSR22I 11/«
      2,296 words
    • 721 41 EXPRESS CONTAINER SERVICE TO UK-NORTH CONTINENT-SCANDINAVIA WEEKLY p P GUDANG PCNANG P KELANG OCEAN va/VQY SIN SOU (1) RTM (2) HAM (3) GOT (4) B 1276 12/6 13/6 BENAVON 2232 16/6 3/7 5/7 6/7 8/7 c "W6 19/6 20/6 JUTLANOIA 2242 23/6 10/7 12/7 <3/7 '5/7 q "2676 26/6 27/6
      721 words
    • 295 41 UM* MYANMA mß* FIVE STAR LINE (Myanmar National Line) Loading for Yangon (Rangoon) Spore P.KIf Pen P.Gdc PINYA VI22W PT 12/1« MYOMA TWA ¥142W 16/17 lull 16/17 PAGAN VIS3W 13/15 Km HPA AN VI7BW 20/22 lun NIGERIAN NATIONAL ML SHIPPING LINE NIGERIA EXPRESS SERVICE RIVER IK PAN V.52 SINGAPORE 10
      295 words



  • Page 44 Advertisements
    • 2485 44 l i#/l Container Liner Services Malaysia's Agents: Indonesia: Agents: Cum Gum Shipping Sdn Bhd Chung Chiao Shipping Sdn Bhd P. 1. 6lob* hitra Indonesia maritime General Agents: Booking Agents: w Per sunn Hw Uuda Musj 29 A Man Komi h,i„ jnti J d dl Costnr Shipping Pte Ltd Shipping Freight
      2,485 words
    • 340 44 SAMUDERA INDONESIA (S) PTE LTD 15 McCALLUM STREET #14-04 NATWEST CENTRE Singapore 0106 Tilti: R*****0 T«i: *****81-3 Fax: 225 4939. *****36 FOR BOOKINGS CALL DIRECT LINE TEL: *****41/*****43 SM/JAK SERVICE VESSEL VOY SIN JAK DERAJAT 985 11/06 (THU) 14/06 (SUN) TANTO CAPITAIN6 901 13/06 (SAT) 16/06 (TUE) LAWANTI 965 15/06
      340 words

  • Page 45 Advertisements
    • 647 45 FAMOUS CONTAINER LINES 10 ANSON RD. #15-21 INTERNATIONAL PLAZA, S'PORE 0207 HOT LINE: *****33 (24 LINES) LIM ASSOL PIRE AUS 14/6 ROTTERDAM 14/6 HAIFA/ASHDOD/ALEXANDRIA 14/6 HAMBURG/BREMEN 14/6 MARSEILLE/FRANCE 14/6 FELIXSTOWE/UK 14/6 BARCELONA/SPAIN 14/6 LEHAVRE/ANTWERP 14/6 GENOA/ITALY 1476 GOTHENBURG/SCANDINAVIA 14/6 LOS ANGEIES/WC/IPI 14/6 SYDNEY/MELBOURNE 11/6 NEW YORK/EC 14/6 FREMANTLE 11/6 VANCOUVER
      647 words
    • 812 45 MARINE AGENCIES (S) PTE LTD TEL: *****33 (12 Lines) FAX: *****15/*****03 TELEX: RS ***** RISHIP (3 Lines) ETHIOPIAN SHIPPING LINES f 1 (National Lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL VESSEL |VOY ETA ILOADING FOR SPOKE Nfc TSANt T P6WB 17 06 UARFSSAIAAM MOMBASA DJIBOUTI ASSAB MASSAWA ABYOT 75W8 15'07
      812 words
    • 575 45 Regional Container Lines cm NO -o:mnJAKARTA PALEMBANG ssi TUEENGSHAN EUFENGSMAN PASIR GUDANG BANGKOK VESSEL MAM* BHUM# PIYA BHUM a NANIA BHUM VIRA BHUM* tt tt 1ARU BHUM MAHA BHUM# PIYA BHUM tt NANIA BHUM VKA BHUM" tt tt IARU BHUM MAHA BHUM# PIYA BHUM# NANIA BHUM VKA BHUM ALSO CALLING
      575 words

  • Page 46 Advertisements
    • 1842 46 I Jilßfifl 111 tl »1 M [iB l>l J i BLUE STAR LINE TO FROM HJ NEW ZEALAND AND T/S TO FIJI TO AND FROM NEW ZEALAND PORTS SIN NPI OKI l»! SIN MUtBIHA 2/S 14/6 24/6 NPI IV MJSI SIAR VOS?2 21/6 tfl* *Kl 3/7 5/7 22/7 PROSPICI I9S
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    • 855 46 THONG SOON LINES PTE. LTD. 77 ROBINSON ROAD #15 00, #16 00 SIA BUILDING SINGAPORE 0106 TEL: *****88 FAX NO: *****11, *****22 mSST TLX RS ***** CARRIER RS ***** JENHOL CABLE: TOSOCO CONVENTIONAL/CONTAINER I CONTAINER SERVICES SINGAPORE TO WEST MALAYSIA SINGAPORE TO WEST MALAYSIA VESSEL Ivor |ETA [PEST VESSEL VOY
      855 words
    • 286 46 <m> PRO LINE LIMITED CO., GmbH. HAMBURG CONTAINER/BREAKBULK SERVICE LOADMG FOR SOUTH AMERICA VOT SPORF DURBAN BARES RIO SANTOS RDU B •MM 21/06 15/07 29/07 03/0* 04/0* PRO ATLANTICA 509 11/07 24/07 07/00 12/00 15/01 PRO KSSU 510 31/07 15/00 29/00 04/09 05/09 •ISO *CCffI»K CMCO TO MUNCOI UHS MRS
      286 words

  • Page 47 Advertisements
    • 844 47 Vk», COMPANIA PERUANA TOgl DE VAPORES "PERUVIAN STATE LINE" ACCEPTING BREAKBULK/FCL/SOC CARGOES TO FROM CALL AO, MATARANI. ILO* OTHER PERUVIAN PORTS* WHT/S AT KOBE ON CPV THROUGH BILL OF LADING WcV"EVERETT ORIENT LINE" JAPAN/BAY OF BENGAL JAPAN SERVICE ACCEPTING BREAKBULK/SOC CARGOES TO/FROM KOBE, YOKOHAMA, NAGOYA. MOW, TOKYO*. MANILA*. DAVAO*. Penaiif*
      844 words
    • 544 47 CZ3Z I Ml^3 N.AMERICA CARRIBEAN SERVICES WSSU Ivor [sin fcIAINLINIR VOY lAH ASI SA» lw>T~]l>t« iSLUiL WI il kMM -ISL. «8 PlttliS IlllE hi; 6 taM CANADA It/_ il. I 31 I 2.8 4 fflj VEW/lA, jIOT. |74 6 it 11. 111 1 11 7 2.1 4 1 Aitrplnf cj>|u
      544 words
    • 616 47 MULTI-MODE SHIPPING PTE LTD MIDDLE-EAST/PERSIAN GULF ACCEPTING FCL/LCL IHIBAI lIAMMAN SHARIAH lIOHA MUM, AI BAHRAIN ABU DHABI BANDAR ABBAS lIDDAII FAR EAST ACCEPTING FCL/LCL ft NAN< y Kt I ANi. lAKAHTA BANGKOK HONG KONt. lAIWAN IAI'AN MANMA KOREA UK/EUROPE ACCEPTING FCL/LCL lUNDON IELIXSTUWE IE EOS TILBURY ABERDEEN IE MARVE HAMBURG
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    • 495 47 MONTHLY DIRECT CONTAINER SERVICE SIN TO ALGERIA ALSO CALLING MARSEILLE/LASPE2IA VSI: fREITAL ETA SIN 15 JUN 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 BOOKING LUCKY tRANSP<*I I fREIGHI
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    • 482 47 Sill FM EAST 15/6 KEELUNG KAOHSIUNG 15/6 BANGKOK 19/6 MANILA/CEBU 14/6 JAKARTA/BELAWAN/SURABAYA 14/6 PORT KELANG/PENANG/E. Malaysia 15/6 BUSAN 14/6 TOKYO/YOKO/KOBE/NGO/OSA 16/6 HONG KONG SIN CHINA 16/6 GUANGZHOU/HUANGPU/SHENZHEN FUZHOU/XIAMEN/SHANTOU DALIAN/SHANGHAI/XINGANG TIANJIN/QINGDAO/HAIKOU also accepting LCL cargo SIN EUROPE/UK 13/6 LDN/FLX/LVP/SOU 13/6 RDM/HAM/ANT/LE HAVRE/GENOA/OSLO also accepting cargo to Austria/ Hungary/Roumania/Poland/Bulgaria/Czech. SIN USA/CANADA 13/6
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  • Page 48 Advertisements
    • 905 48 Cii FIL CONTAINER SERVICES PTE LTD CfL MADRAS CALCUTTA VSL SIN/MADRAS VSL SIN/CALCUTTA SIN MAD SIN MN CM SIN Mil AVMMtt 10 1106 17 I*o6 2* 06 Mil MMMU 11 I/ 06 I*^o6 1J 14 06 .'O7l 06 21 2t 06 IS 16 06 22 2* 06 02 03 0/
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    • 497 48 tsonterml W CONTKRM FREIGHT (F.K.) PTE LTD. GUARANTEED WEEKLY CONSOLIDATION YOUR FIRST CHOICE TO:— AUCKLAND 12 JUNE ACCEPTING TO ALL PORTS IN NEW ZEALAND BANGKOK 14 JUNE JAKARTA 17 JUNE PENANG 15 JUNE PORT KELANG 18 JUNE l l|liJ I L FREMANTLE 25 JUNE MELBOURNE 15 JUNE SYDNEY ISJUN^^^ FELIXSTOWE
      497 words
    • 521 48 This Week's Sailings t (1 icri) 1 ktd Singapore Singapore Rotterdam Bangkok 14/06/92 Antwerp 1./06/9Z g jgj^ Manila 12/1)6/92 (OnforwardTng "T To Mid West/ M/D6/92 C olombo 15/06/92 East Coast X cac Of USA) fk Tel: Fax: < aihr>n 0m MM Singapore 778 6522 779 2738 < y Tflr Johorc
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    • 498 48 FCL/LCL SERVICES MANILA ETA GOUR SINGAPORE ZBNB 13/6 jQUR PACIFIC 65N8 20/6 BANGKOK 13 6 20 6 BUSAN 15/6 22/6 HONGKONG 12/6 15 6 US A. 15/6 22/6 PI LOUIS DURBAN 14 6 27/6 KEELUNC 15/6 22/6 PI KELANG 12 6 16/6 OSAKA 17/6 24/6 PIRAEUS 17/6 24/6 KOBE 13/6
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  • Page 49 Advertisements
    • 16 49 Find out how sellers reach out to buyers in Advertising and Marketing. Every Thursday in BT.
      16 words
    • 298 49 \O c vC >c Oc vQc vQc vOc vO c U VAN OMMEREN CETECO GROUP U TRANSPORT DIVISION > V VOTAINER CONSOLIDATION SERVICES: D THE ONLY CONSOUQATORMfH WORLDWIDE NETWORK f] \J Weekly FCLACL Services V J > USA EUROPE FAR EAST > Baihnow Volalner ConsoddaMon Services |;t Hamburg Van Ommeren
      298 words
  • Page 49 Miscellaneous
    • 430 49 TIDES AND WEATHER TODAY'S TIDES (height in metres) HOUR 0000 0100 0200 0300 0400 0500 0600 0700 0800 ********************1400 ******************** 2000 2100 2200 2300 Jfi 10 10 1 1 13 16 20 22 23 22 20 16 13 10 09 09 1.1 15 19 23 2.5 2.5 2.3 20 tf
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  • Page 50 Advertisements
    • 361 50 ULTIMATE FREIGHT SERVICES AUSTRALIA porti USA Seattle, Portland. SPO, LA, few York Nr: >• p«m HK' gffMH# CMu CANADA Caifary, Edmonton, Montreal, Mm Branowcfc, QAMCtfDIf u, klffiMr utuw, smacoon, loromo, faKowtr, iiiMAmitt «ctatfng Laos Nova Scoba, Quebec Crt, MAURITIUS Port Louis frtBAPC Inlmiin llimhui ici tunc i At. tunvrc itmwtrp,
      361 words
    • 344 50 i. cosco UKC CONVENTIONAL SERVICE VESSEL PKL PNG P.O. LOADING FOR A VESSEL 28/06 Rotterdam/Antwerp CHINA CONVENTIONAL SERVICE VESSEL PKL PNG P.G. LOADING FOR QING RONG 12/07 Guangzhou/Huangpu COSCO FULL CONTAINER SERVICES (FCL/FCL) EXPORT TO: CHINA/BANGKOK/HONGKONG EUROPE/CONTINENTAL WEST MEDITERRANEAN AUSTRALIA US WEST COAST PERSIAN GULF/KARACHI Please refer above mentioned services
      344 words
    • 368 50 BEUING CHANGCHUN CHANGSHA^^Ip^ CHENGDU CHONGQING FUZHOU GUILIN HARBIN KUMMING NANNING QUANZHOU SHEKOU SHENYANG SHENZHEN WUHAN XIAMENXIAN ZHENGZHOU 4, ~cf% onRGOFLO /SHENZHIN SHIPPING Tel: 227 4788 Fax: 227 2Q83 W3W LIAN HUAT SHIPPING CO (PTE) LTD. 10 Anson Road, #14-19/21 International Plaza, Singapore 0207. Tel: *****11 (16 lines) Fax: *****94 Tlx:
      368 words
    • 98 50 KWONG LUNG SHIPPING PTE LTD uccvi VOY ETA ETD DtSTWAIKW M V I UCONIA 7/92 28/6 29/6 BJNTULU. MIRI. K BEIAIT M V THAI YANG 7/92 14/6 15/6 WT M V LUCONIA NO 2" 5/92 18/6 20/6 BINTULI). MIRI. K BELAIT M V THAI HO NO 1" 6/92 DOCKING RECEIVING
      98 words

  • Page 51 Advertisements
    • 1063 51 /L HYUNDAI MERCHANT MARINE CO. LTD. •VIA FEEDER PACIFIC SOUTH-WEST SERVICE H WW* PKE* PGD* SIM" 10 USA TOY MO LBH OAK DAI HOU CHI SIU NYC 09/06 03/06 05/06 12/06 H INNOVATOR 50£ 19/06 06/07 09/07 09/07 10/07 10/07 12/07 16/06 10/06 12/06 19/06 H EXPLORER 49E 26/06 13/07
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    • 434 51 f/'/JiWLIWtTTWTSBTi JWgri I STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS INBOUND VESSELS VESSEL VOV V H KUC M OALIA I Oil 4 SID HI PT COSMIC flOMd 22 PT COSMIC CNAIKKM 17 11/ l 15 1 TIMS AUTO 41 1) MUA 11/ l sea IARM 54 11 1
      434 words
    • 676 51 X I W: J EXPORT TO: JEDD AH/UK/CONTINENT STOW KO S TOW H BUtC RDM) liH •Uu Acccotm Cm,a fm O*W» >42/123 Wt M/t 4/7 JOt M S _|gjjg||^_ LtDMGSHAffN LIPttSS *02/323 14/4 1/7 J/7 C/ 7 7/7 taftZZL :o 2 HNII ROM V 19/174 li t 27/1 11/7 7/7
      676 words
    • 126 51 BINTANG MAS SHIPPING PTE. LTD. 39 NEIL ROM) SINGAPORE 0208 TEL: *****88 TLX: R*****5 SINMER FAX: *****64 ACCEPTS IWTS or CMCO STOK HSTMTUK IMCURT ft ML ¥111 10-11 km 11-12 km Nurt Übum. RK BKTWK SU«« »1X 14-15 Inn IVIS Wi >Mi4a. »i. KBMut ICRCUIT MIX «UI 15-14 Mi 17-11
      126 words

  • Page 52 Advertisements
    • 61 52 Every Saturday in Business Times I —j The Etecu&ue Housekeeper -this hotel O I wants is me. Bob I'll never neglec4l v "tViis Hoose, baby! Any Job. Any Career. Available Any Day. Any Time. Anywhere. The Straits Times The Sunday Times Business Times The New Paper Lianhe Zaobao Lianhe Wanbao
      61 words
    • 67 52 jiftMMAumam INVcblfVlElMI Every Saturday in Business Times 1 OFF SHORE SUPPLY VESSEL, LOA 45M 2BOW Thruslere GRT 450 Capacitys FOl6O WATER 120 Pass Accom Per 21 Air-conditioned DK Space 800 Sq. Ft. Reinforced Crane 15T SWL CARGO SHIP PROMPT 3-4000 DWT under 15 years Gear Min. 5T Speed 12 KN
      67 words