The Business Times, 18 June 1992

Total Pages: 52
1 52 The Business Times
  • 16 1 Business Times THE BUSINESS PAPER FOR S-E ASIA MITA (P) 35/12/91 Thursday, June 18, 1992 75*
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  • NEWS SUMMARY
    • 55 1 WASHINGTON Productivity of American workers jumped 2.7 per cent during the first quarter of 1992, the largest increase in nearly two years, the government said yesterday. Increased productivity is considered vital to boosting Americans' standard of living without increasing inflation. It also makes
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    • 42 1 LONDON Britain's manufacturing output rose 0.2 per cent in April, maintaining a higher trend that began in February. But retail sales volume rose just 0.3 per cent in May following a mini post-election spending spree in April.
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    • 42 1 A HIGHER increase in exports compared with imports led Malaysia to register a smaller deficit of M$ 154.9 million in its trade balance in March this year from a deficit of $1,253.4 million a month earlier Page 2
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    • 49 1 IN a major breakthrough, the natural rubber community yesterday agreed to foster an international futures market in this region, with analysts taking the view that Singapore will emerge as the obvious choice given its historical role in the industry and its communications and trading network Page 3
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    • 34 1 DROUGHT in New Zealand has precipitated a power crisis threatening 20 per cent cuts and blackouts and raised questions about future power needs and privatisation of the stateowned industry Page 9
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    • 32 1 BRITISH Prime Minister John Major has outlined his vision for Britain for the *****, which does not appear to diverge from that of his predecessor, Margaret Thatcher. Page II
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    • 24 1 Singapore's homegrown DNC Advertising, which is firmly entrenched among the industry's top 10, has taken steady steps to success. Page 15
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    • 22 1 SABRE Line announced that it will be withdrawing from the Singapore-Australia trade route in August. Shipping Times Page 1
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  • MARKETS SUMMARY
    • 33 1 WALL STREET stocks headed lower yesterday morning, picking up where it left oft" in Tuesday's late decline. The Dow average fell 7.49 to 3,322.00 at in the first hour of trading.
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    • 25 1 LONDON shares were lower at midday yesterday. At about 12:15 pm (1115 GMT), the FTSE 100-share index was down 10.8 points at 2,605.5.
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    • 31 1 CEREBOS Pacific Ltd has turned in record net earnings of $24.54 million at halftime, thanks to strong sales in most of its operations in the region Page 4
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    • 34 1 EKRAN Sdn Bhd has emerged as the top contender in the intense takeover battle for Federal Cables Wires Manufacturing Bhd (FCW), valuing each FCW share at M 51.85. Page 4
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    • 29 1 NEC Coip has decided to go ahead with a plan to spend US$2OO million on trebling computer chip output at a plant in California Page 5
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    • 39 1 RH MACY Co on Tuesday reported sharply lower sales for the third quarter ended May 2, citing poor economic conditions and disruptions in merchandise flow and business in the aftermath of its bankruptcy filing Page 6
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    • Article, Illustration
      29 1 Wednesday Change BT-MGA 730.55 -2.90 Kuala Lumpur ....603.19 +1.04 Tokyo 16,445.80 -507.73 Hongkong 5,846.06 -0.69 Sydney 1,631.1 -8.3 Tnesday Change New York 3,329.49 -2141 London 24)37.0 +10.6
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    • 22 1 Exchange rates US$ SS 1.6215 100 Yen SS 1.2793 MS SS 0.6441 Money market rates Overnight 2-7/8 +1/8 3-month 3-1/16% unch
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    • 36 1 London Gold AM fix USS 342.10 -USS0.05 Rubber S'pore July unav Vkg M'sia July 222.00*/kg unch KLTta Turnover 74 tonnes +31 Spot MSl6.32/kg +0.03 Crude palm oil Turnover 1,285 lots +210 Aug MS899 /tonne -11
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  • 560 1  -  Five months' growth renews overheating, hyper-inflation fears By S N Vasuki SINGAPORE China's economy grew by a blistering 11 per cent in the first five months of the year, further strengthening the hand of supreme leader Deng Xiaoping against hard-line conservatives who have
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  • 452 1  -  From Catherine Ong in HONGKONG NEGOTIATIONS between Singapore and Shanghai to jointly develop an industrial district in Pudong have reached a deadlock and an active role for the Republic now looks like a remote possibility. Sources in Shanghai told BT that
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  • 318 1  -  By Kooi Cho Teng SINGAPORE Bankers to publicly-listed Inno-Pacific Holdings Ltd are unlikely to renew an unsecured $60 million loan facility when it falls due later this year, even though they have the option to extend it for another two years. Sources
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  • 265 1 AFP MEXICO CITY Latin America reacted with rage on Tuesday to a US Supreme Court decision upholding the kidnapping of a Mexican doctor by American law enforcement officials so he could be tried in the US. Following the decision, Mexico suspended joint
    AFP  -  265 words
  • 98 1 AFP BANGKOK The general election to be held in Thailand following bloody unrest here last month is scheduled for late August or early September, Interior Minister Pow Saras in said yesterday. Mr Pow, speaking to officials of his ministry in an address broadcast on television,
    AFP  -  98 words
  • 409 1  -  From Catherine Ong in HONGKONG THE Singapore government's 5 per cent stake in Hong-kong-listed Seapower Resources International has already appreciated by some 25 per cent to about HKS7S million (5515.7 million) since it bought into the company a few
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    • 21 1 I fidutrv 368 Thai minister to review military control of state firms; Growth forecast revised downwards to 7.4 pc, Pg 9
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  • PAGE 2 NEWS
    • 448 2 But sharp rise fails to stop first quarter deficit from increasing Bernama KUALA LUMPUR A higher increase in exports compared with imports led Malaysia to register a smaller deficit of M$ 154.9 million (5599.1 million) in its trade balance in March this year from a
      Bernama  -  448 words
    • 678 2 Recent passage of troops Bill seen as destabilising FT SINGAPORE Many Asian nations, uneasy about the planned despatch of Japanese troops to the region on peacekeeping operations, are worried that Japan will be drawn into an expanding military role abroad, analysts
      FT  -  678 words
    • 178 2 SINGAPORE New Yorkbased Home Box Office Inc has signed an agreement with Singapore Telecom to provide an uplinking service which allows signals to be transmitted from the ground to a satellite. In a statement yesterday, Bob Zitter, HBO's senior vice-president of technology operations, said
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    • 303 2  -  Small Scale Entrepreneur Award Reports by Helen Chang SINGAPORE The two winners of this year's Small Scale Entrepreneur Award have plans for overseas expansion. Zalco Marine Services Pte Ltd, a rust-prevention company for ships, is thinking of setting up shop in the Middle East.
      303 words
    • 248 2 ZALCO Marine Services (Pte) Ltd is a lone fish in a sea of foreign competition. The Tuas-based company, whose business is to help prevent corrosion on ships, is the only local firm in the industry. Its main competitors include three European ones and
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    • 265 2 OLD Chang Kee's curry puffs are going places, literally. The next destination: Kuala Lumpur. Why KL? "There are two types of curry puffs," explains Han Keen Juan, coowner and general manager of Old Chang Kee Trading: puffy and deep-fried. "The puffy one, you must enjoy
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    • 468 3  -  By Shoeb Kagda SINGAPORE In a major breakthrough, the natural rubber community yesterday agreed to foster an international futures market in this region, with analysts taking the view that Singapore will emerge as the obvious choice given its historical role in the
      468 words
    • 416 3  -  Johor 2005 Conference From William Chia in JOHOR BARU AN important advantage that Johor has over the other Malaysian states is its proximity to Singapore, Johor's Chief Minister Muhyiddin Yassin said yesterday. Mr Muhyiddin, who was speaking on Johor as the emerging technopolis of
      416 words
    • 275 3  -  From Kenneth James in JOHOR BARU SPEAKERS representing the private sector at a high-level business conference yesterday lauded Malaysia's efforts to upgrade its industrial sector but also had words of caution for some investment and education strategics. Malaysia already meets most of the requirements of
      275 words
    • 262 3 NYT TOKYO A government panel has called for a doubling of government research subsidies to 100 billion yen (551.28 billion) to maintain research efforts by Japanese scholars at a high level and to improve research facilities. The Science Council, an advisory panel to
      NYT  -  262 words
    • 337 3  -  By Hong Lee Tiam SINGAPORE The French holiday village operator, Club Mediterrannee (Club Med), is looking for a site of about 200 acres (80 hectares) on Bintan island to build a resort cum golf course that can cater for about 800 people. According
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  • COMPANY NEWS 1
    • COMPANY BRIEFS
      • 68 4 KUALA LUMPUR Paramount Corporation Bhd is considering the sale of Regency Tower, a 23-storey condominium owned by its wholly-owned subsidiary, Wangsa Merdu Sdn Bhd. At the company's annual general meeting yesterday, company chief executive director Teo Chiang Quan said that the tower was valued at
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      • 41 4 SINGAPORE FETP Business Publications Pte Ltd, a wholly-owned subsidiary of Times Publishing Ltd, has changed its name to Times Group International Media Pte Ltd with immediate effect. TGIM is a media representative of established publications worldwide.
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      • 66 4 KUALA LUMPUR Sime Darby Bhd said yesterday that Dr Abdul Kadir Mohammed, 44, a former assistant director with the Rubber Research Institute's (RRI) department of chemistry and technology, has been appointed director of research of Sime Darby Tyre Technology Centre. The company said the Msloo
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      • 52 4 KUALA LUMPUR ALR (M) Sdn Bhd, a subsidiary of Singapore-based Advanced Logic Research (ALR) International, expects to rake in a turnover of Ms 24 million (5515.4 million) for the financial year ending in September this year, a 50 per cent increase over the previous year's
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      • 65 4 KUALA LUMPUR The Malaysian stock market is looking increasingly attractive compared with other markets in the region, says Apex Securities Sdn Bhd. The Kajangbased stockbroking firm, in its June market outlook, said this year's darling of overseas fund managers, Hongkong, was becoming disturbingly overbought. "Some overseas
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    • 390 4  -  By Magdalene Ng SINGAPORE Cerebos Pacific Ltd has turned in record profits at half-time, thanks to strong sales in most of its operations in the region. For the six months ended March 31, 1992, Cerebos made group net earnings of $24.54 million, 18
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    • 243 4  -  By Helen Chang SINGAPORE Yeo Hiap Seng's bankrupt prawn farm, Flowell Industries, is up for sale. The receivers. Price Waterhouse, advertised the offer in a Hongkong newspaper. It is believed that the farm will be sold by tender. When contacted by BT
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    • 568 4  -  Tussle for Federal Cables By Leslie Lopez SINGAPORE Malaysia's Ekran Sdn Bhd, a littleknown company controlled by East Malaysian timber tycoon Ting Pek Khiing, has emerged as the top contender in the intense takeover battle for Federal Cables, Wires Metal Manufacturing Bhd (FCW)
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    • 306 4 Bernama KUALA LUMPUR Fibre cement pipes manufacturer Jasa Megah Industries Bhd, which is seeking a listing on the main board of the Kuala Lumpur Stock Exchange, will diversify its activities into oleochemical manufacturing. Chairman Murad bin Mohd Noor said this would be made by
      Bernama  -  306 words
    • 239 4 Bernama KUALA LUMPUR Sapura Holdings Sdn Bhd's bid to acquire Federal Cables, Wires and Metal Manufacturing Bhd (FCW) is in line with its business expansion plan in Malaysia's telecommunications sector, particularly the cable industry. In its offer document issued through its adviser,
      Bernama  -  239 words
    • 710 4  -  THE HOCK LOCK SIEW COLUMN By Conrad Raj AS FORMER Malaysian banker Lorrain Osman awaits extradition to Hongkong, his thoughts must occasionally drift back a decade ago to his first meeting with another Malaysian, George Tan Soon Gin. Tan is also awaiting
      710 words
    • 330 5 AFP, Reuter TOKYO Japan's NEC Corp has decided to go ahead with a plan to spend US$2OO million (*****.3 million) on trebling computer chip output at a plant in California which opened in November last year, a spokesman said yesterday. An
      AFP,; Reuter  -  330 words
    • 547 5 Reuter COLOMBO It seems apt that Sri Lanka's largest pri-vately-held business group is named Maharaja, which means "emperor" in most languages of the South Asian region. But incongruously for the political landscape of Sri Lanka, the company is wholly owned by two Tamil
      Reuter  -  547 words
    • 353 5 Reuter MANILA The two rival Philippine stock exchanges formally agreed yesterday to unify their operations after government prodding and amid reluctance by some brokers. Officials of the Manila and Makati stock exchanges signed the incorporation papers of the Philippine Stock Exchange (PSE), the
      Reuter  -  353 words
    • 312 5 Reuter TOKYO Condominium builder Daikyo Inc will be able to meet its expected targets for the year ending March 31, 1993, in spite of media reports that the company is financially unstable. "There have been reports of our company's instability in newspapers and other
      Reuter  -  312 words
    • COMPANY BRIEFS
      • 88 5 BANGKOK Trading time will be extended next month at Bangkok's stock exchange, the outgoing exchange president announced yesterday. Maruey Phadoongsidhi said the Stock Exchange of Thailand (SET) would have two trading sessions, one in the morning and another in the afternoon, starting on
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      • 99 5 TOKYO Nippon Telegraph and Telephone Corp (Nil) is considering giving benefits to its shareholders but has not made any final decisions, Nil president Masashi Kojima told a news conference. Mr Kojima suggested that the implementation should be timed carefully to avoid giving the image of misleading
        99 words
      • 79 5 WELLINGTON The top two chiefs of the world's largest dairy co-operative were yesterday suspended pending an inquiry over tendering procedures by the group. The New Zealand Dairy Group is one of New Zealand's biggest export earners. A brief company statement said chairman Graham Calvert and
        79 words
      • 51 5 MELBOURNE Australia's biggest retailer Coles Myer Ltd said it appointed former Foster's Brewing Group Ltd chief executive Peter Bartels as chief executive officer. Coles Myer chairman Solomon Lew said that Mr Bartels, 51, would take up his new position on July 27, when Brian Quinn
        51 words
      • 77 5 WELLINGTON Aluminium producer Comalco, New Zealand's biggest power consumer, yesterday declared itself a good corporate citizen by agreeing to cut production to save electricity and possibly avert nationwide blackouts. Comalco said it had reached an agreement with state power generator Electricity Corp of NZ Ltd to
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      • 78 5 ST JOHN'S, Canada Hyundai is considering buying part of Gulf Canada Resources' 25 per cent stake in the Hibernia oil project off New Foundland, industry sources say here. The South Korean car maker is one of two or three companies that have expressed an interest
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    • COMPANY BRIEFS
      • 55 6 Cable Wireless pre-tax within forecast LONDON Telecommunications group Cable Wireless pic said yesterday pre-tax profit rose by 6 per cent to £644 million (SSI.9 billion) in the year to end-March. The figure was within the range forecast by share analysts who noted that company operations in Hongkong and Britain had
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      • 83 6 CHICAGO McDonald's Corp, which opened its first restaurant in Poland yesterday, said it expects to invest US$lOO million (SSI62 million) in the Central European market by 1995. McDonald's plans to open 15 to 20 restaurants a year over the next three years in Central
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      • 80 6 LONDON' Double glazing firm Anglian Group pic is set for a £200-million (SS6OO million) stock market flotation, 18 months after a management buyout from services group BET pic which valued it at £84.5 million. The shares are likely to be valued at around 250p, a
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      • 62 6 RENO, Nevada Hilton Hotels Corp plans a major renovation and expansion of Bally Manufacturing Corp's Reno Casino and Resort complex which it won at competitive bidding. William Sherlock, president of the Flamingo Reno Hotel, said on Tuesday that Hilton also wants to add a theme
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    • 446 6 Company cites disruptions due to bankruptcy filing NYT NEW YORK R H Macy Co on Tuesday reported sharply lower sales and higher losses for the third quarter that ended May 2. It cited poor economic conditions in its areas of operation and disruptions
      NYT  -  446 words
    • 364 6 Reuter LONDON National Power pic, Britain's largest electrical generation company, said on Tuesday it planned to trim at least another 2,400 jobs as it announced an 18 per cent jump in full year pre-tax profit to £514 million (SS 1.55 billion) from
      Reuter  -  364 words
    • 281 6 Reuter WASHINGTON A former top network news executive at NBC has joined the partnership studying a possible bid to buy United Press International, the head of the group said on Tuesday. Jerry Lamprecht, a former vice-president of news and senior producer for NBC
      Reuter  -  281 words
    • 448 6 FT LONDON Mr John Major vigorously denied on Tuesday that the British government had had any information about the financial activities of Mr Robert Maxwell before his death last year. The Prime Minister came under pressure in the House of Commons about the
      FT  -  448 words
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  • FINANCIAL NEWS
    • 356 8  -  By Dawn Tan SINGAPORE The Siam Cement Group, Thailand's largest industrial conglomerate, is going ahead with its plan to raise US$2OO million (***** million) from the capital markets in spite of the recent political upheaval in Thailand. Sources said five
      356 words
    • 259 8 AP SEOUL The South Korean government said yesterday that it will allow the creation of joint-venture merchant banks with foreign partners for the first time in 13 years. The Ministry of Finance said in a statement that two or three npw merchant banks
      AP  -  259 words
    • 310 8 AFP, Reuter HONGKONG Beijing's Bank of China Hongkong branch is scheduled to issue Hongkong dollar bank notes in 1994, the pro-China newspaper Wen Wei Po reported. The Hongkong government has given its consent to the plan, said the daily,
      AFP,; Reuter  -  310 words
    • 235 8 Reuter TAIPEI Taiwan's parliament, taking a step towards making the island a regional financial centre, has given preliminary approval to a bill legalising trade in foreign futures contracts. Parliament passed a second reading of the bill on Tuesday and is expected
      Reuter  -  235 words
    • 248 8 Reuter NEW YORK Chase Manhattan Corp, parent of Chase Manhattan Bank, expects to be getting 50 per cent of its earnings from international businesses and 50 per cent from domestic activities during the 1990'5, president Arthur Ryan told journalists on Tuesday. He said the bank
      Reuter  -  248 words
    • SMALL CHANGE
      • 69 8 NEW DELHI Standard Chartered Bank has filed criminal charges with Indian detectives, naming suspects in a major securities scam in which it stands to lose £162 million (Ss4B6 million). The suspects were "external persons" not working with Standard Chartered, which brought the charges in
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      • 60 8 KUALA LUMPUR Development Commercial Bank Bhd, Malaysia's fifth largest bank, has raised its base lending rate (BLR) to 9 per cent from 8.9, a bank official said yesterday. The bank last raised its BLR to 8.9 per cent from 8.75 last April. The bank's fixed
        60 words
      • 71 8 BANGKOK The Thai Military Bank has received permission to open a subsidiary in southern China and may participate in a major residential development project there. A senior bank official said yesterday that the bank might also finance construction of a coal-fired electricity generating plant. The
        71 words
      • 57 8 SYDNEY ANZ Banking Group Ltd yesterday announced that it has won permission to open a branch in the Vietnamese capital Hanoi and expects to be operating later this year. ANZ said it won approval from Vietnam's central bank, the State Bank of Vietnam, last Friday
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  • THE REGION
    • 465 9 Thailand package AFP BANGKOK Thai Communications Minister Nukul Prachuahmoh plans to review the operations of state enterprises within his jurisdiction which have military chairmen, according to a news report on Tuesday. Mr Nukul said on Monday that the boards of directors
      AFP  -  465 words
    • 450 9 AFP BANGKOK Thailand's economic growth in 1992 is now predicted at around 7.4 per cent, down from 8 per cent, due to political uncertainty, but economic fundamentals are still sound, a Thai official said yesterday. "The hardest hit sectors, following the military's
      AFP  -  450 words
    • 276 9 BANGKOK Thai Prime Minister Anand Panyarachun has announced a plan to establish a national tourism committee to solve the problems the industry has faced since the bloody political turmoil last month, says a Bangkok Post report. Meanwhile, Deputy Prime .Minister Kasemsamosorn Kasemsri is
      276 words
    • NOTE BOOK
      • 103 9 KUALA LUMPUR Malaysia's Economic Planning Unit director-general, Ali Abul Hassan Sulaiman. yesterday said that the financing of the country's industrial growth in the future will have to rely more on domestic savings which will be tapped through improvements in the financial sector. He
        103 words
      • 76 9 MANILA The Asian Development Bank has announced that it is providing US$3OO,OOO (*****,500) to study the technology transfer needs of Pakistan, Bangladesh, China and the Philippines. The study will also determine ways the bank can help the four nations get modern technology and apply
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      • 101 9 TOKYO The Export-Import Bank of Japan announced yesterday the signing of a 10-year loan to the National Power Corp of the Philippines for up to 18.8 billion yen (*****.5 million). A spokesman said the government-owned development bank would provide 60 per cent of the loan,
        101 words
      • 100 9 BANGKOK Construction of Bangkok's glitzy Skytrain project began months ago and remains on track in spite of the bloody protests last month that threatened to derail the Thai economy, the Lavalin company said yesterday. Don Lavoie, Lavalin's vice-president for Asia, denied a news report that
        100 words
      • 68 9 TAIPEI Taiwan has set up an organisation to strengthen ties with Hongkong and Macau, which revert to Chinese rule in 1997 and 1999 respectively, it was announced here yesterday. The Hongkong and Macau Association, a private body partially financed by the government, was established on Tuesday
        68 words
      • 95 9 LISBON The European Community has appealed to Burma's ruling junta to free remaining political prisoners, lift martial law and safeguard minorities after it made some improvements in the field of human rights. But the Community on Tuesday demanded an end to Aung San Suu Kyi's
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    • 699 9 Privatisation of state-owned electricity industry also set back Reuter WELLINGTON Drought in New Zealand has precipitated a power crisis threatening 20 per cent cuts and blackouts, and raised questions about future power needs and privatisation of the state-owned industry. New Zealand has relied on cheap
      Reuter  -  699 words
    • 416 9 Bernama SEOUL Thailand, Malaysia, Indonesia, and the Philippines four of the six members of Asean are expected to join the ranks of the newly industrialising economies (NIEs) in the near future. Buoyed by low labour costs and rapidly
      Bernama  -  416 words
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    • 2166 10 Wf j| m MUI BANK BERHAD H (Incorporated in Malaysia) A member of The MUI Group I Balance Sheet 1991 1990 199t Gfoi ig9o I As at 31st December, 1991 S fl Bank Group Maturing withm one year 999.597,699 977.546.412 9 78,059.658 961 561.923 I 1991 1990 1991 1990 One
      2,166 words

  • THE WORLD
    • 411 11 Govt to continue with privatisation and cutback in govt role AFP LONDON British Prime Minister John Major has outlined his vision for Britain for the *****, which does not appear to diverge from that of his predecessor, Margaret Thatcher. In his first speech
      AFP  -  411 words
    • 449 11 FT LONDON The UK government has severed its last link with the consensual approach to economic management of the 1960s and 1970s by announcing the abolition of the National Economic Development Council (NEDC). Norman Lamont, the Chancellor of the Exchequer, said on Tuesday
      FT  -  449 words
    • 267 11 Reuter TORONTO Canadian manufacturing data showed the country's recession-hit economy turned the corner in April, as exports to the US revived Canada's ailing manufacturing plants and boosted productivity, economists said on Tuesday. The government agency Statistics Canada said Canadian manufacturers' shipments in
      Reuter  -  267 words
    • WORLD WATCH
      • 71 11 BRUSSELS European Community industry representatives, after more than a year of talks, have agreed to sign a text agreeing to cooperate in introducing high-definition television (HDTV), industry sources said on Tuesday. Agreement became possible at a meeting on Monday after the memorandum of understanding
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      • 63 11 WASHINGTON The Senate Finance Committee voted on Tuesday to give a tax break to independent oil and gas producers, bringing Congress closer to adopting a national energy policy designed to reduce US dependency on imported oil. Committee members approved an estimated US$l billion (551.62
        63 words
      • 106 11 TOKYO A Japanese government panel's report has called for country-specific risk weightings set by the Bank for International Settlements (BIS) to be eased for developing countries. A Ministry of Finance official, commenting on part of a report by the Subcommittee on International Financial Transactions
        106 words
      • 82 11 LIMA Peru's privatisation programme is facing its first legal challenge after a group representing holders of franchises of the state-owned petrol stations filed suit to prevent recision of their contracts. In a decree published on Monday, the government cancelled contracts between the state oil company
        82 words
      • 76 11 SEOUL South Korean President Roh Tae Woo and President Islam Karimov of Uzbekistan signed a joint declaration yesterday aimed at fostering friendly relations and cooperation. "(Mr Roh) said the Korea-Uzbekistan declaration symbolises the friendship between the two nations and will serve as the basic framework
        76 words
  • Page 11 Advertisements
    • 1251 11 1 Other income comprises the following 23 CONTINGENT LIABILITY Bank Group The borrower of a syndicated term loan has brought a civil suit against the Bank as agent and trustee for the co-lenders 1991 1990 1991 1990 for damages The Bank has been advised by its solicitors that the daim
      1,251 words

  • 487 12 EDITORIAL THE passage of Japan's peacekeeping Bill has predictably raised concern among its Asian neighbours. They have painful memories of the death and destruction wrought by advancing Japanese troops during World War 11. But the legislation, now law after the country's Parliament gave its approval
    487 words
  • WHAT THE OTHERS SAY
    • 336 12 PRIME MINISTER Goh Chok Tong told People's Action Party activists last month that the PAP's philosophy of making Singaporeans take personal responsibility over their lives would be extended beyond their own welfare to the way they vote. The PAP, he said, intends to drive home the
      336 words
    • 106 12 THE 12-day Earth Summit attended by 178 countries, making it the biggest conference ever, ended with mixed feelings. While feeling superior, the mighty voice of the Third World failed to change the attitude of many industrialised countries. So what's next? The real challenge after the summit is
      106 words
    • 129 12 WITH THE KHMER ROUGE commanding the largest armed force in Cambodia, it is unlikely that the United Nations peace plan can be executed effectively if it docs not have the co-operation of Khmer Rouge. After all, the basic conditions are still lacking. There are the difficulties of
      129 words
  • REGIONAL VIEWPOINTS
    • 167 12 NOW that the participant countries at Rio have said their piece, taken the stands that they wanted to, signed or refused to sign the documents that had been hammered out, let them take a breather and then look again at the issues that cropped up at the
      167 words
    • 213 12 IN MAKING its first visit to Beijing, the Co-opera-tive Resourees Centre (CRC) under Executive Councillor Allen Lee Peng Fei is taking a major gamble. The 20-member delegation will be hoping to convince senior Chinese officials that the CRC has no intention of challenging or undermining its authority either
      213 words
    • 140 12 TRADITIONALLY, in the past 25 years, the President has assigned the task of drafting the document the Broad Guidelines of State Policy to a team of nine officials who drew on data and views gathered by a group called the National Council for Security and Defence. The draft
      140 words
  • 479 12 AYEAR AGO, the Court of Appeals of the Republic of South Africa ruled that the prosecution of a defendant kidnapped by agents of that government in another country must be dismissed. Such a seizure, in violation of international law and disruptive of the comity among nations, was
    479 words
  • 1207 12 The ruling by the US Supreme Court authorising the kidnapping of suspects in other countries undermines a spirit of respect for international law that had been carefully nurtured by the US during the war against Iraq, say scholars and experts. NYT, UPI, Reuter THE
    NYT,; UPI,; Reuter  -  1,207 words
  • Page 12 Advertisements
    • 114 12 Rajan Filial: Asia's biscuit king i Remlslers find they havs wooers aplenty L 1 j Sesdaq: second fiddle for how long? ij fj -J f I tj Astra loses some If Its glow t New six-part series on Government and SMEs j j{< j j GUL Tech: from employees to
      114 words
  • Page 12 Miscellaneous
    • 40 12 DOONESBURY BY GARRY TRUDEAU IMBAN, VQU'RZ HIP HNRHNiMMIK3, lOLfftt HAN, HOW 1 TO iOUMQ MC, AR&TT I'M MY SCAR]bi'M£ nJfzVZZ* COM THAI i WANPMIUI VMUi' PARENTjI H&Z, MAN w&nxx*. ee* A SOULiiSOUL* HW ABOUT PAULA M- tM W wwuHAveTo PAF&NT*
      40 words

  • ANALYSIS
    • 961 13  -  The success or failure of Boris Yeltsin's first major presidential foray to the United States will be determined by the success or failure of his reforms, says Serge Schmemann. Serge Schmemann NYT LIKE so many of the drastic changes taking place in Russia, the
      NYT  -  961 words
    • 1318 13  -  The proposed arms control treaty between the United States and Russia should radically reduce the possibility of a nuclear war no matter who is in power in the Kremlin or Washington. Thomas Friedman reports. Thomas Friedman NYT American officials and experts say that the arms control
      NYT  -  1,318 words
  • Page 13 Advertisements
    • 134 13 THIS ANNOUNCEMENT APPEARS AS A MATTER OF RECORD ONLY fP ii ft BANK OF COMMUNICATIONS (established under the laws of the People's Republic of China) U5570,000,000 Floating Rate Notes Due 1997 Daiwa Singapore Limited BA Asia Limited Commerzbank Aktiengesellschaft The Development Bank of Singapore Ltd IBJ Asia Limited Bayerische Landesbank
      134 words

  • ADVERTISING & MARKETING 1
    • 469 14  -  Gamut Trading, which is shedding some of its upmarket brands for more mid-priced labels, hopes to see its results improve, writes Sylvia Wong Sylvia Wong THE WORST will soon be over for Gamut Trading Pte Ltd, the lossmaking fashion arm of the C K Tang
      469 words
    • 601 14 Ads for Crystal Pepsi are done with a classic Pepsi style entertaining the customer, spoofing the competitor NYT PEPSI-COLA's experimental entry into the warm-and-fuzzy "new age" category of the beverage market is being advertised with the same rough-and-tumble tactics the company uses in
      NYT  -  601 words
    • 381 14 FT KODAK has the kind of marketing problem most companies would envy a brand name so well known that it overshadows all its products. When people hear the Kodak name, they think of photography, as they have done for more than a century. Kodak
      FT  -  381 words
    • 1076 15  -  Sangeeta Mulchand finds out why Singapore's DNC Advertising is low on the excitement scale but high on the success ladder Sangeeta Mulchand ON the excitement scale, Singapore's homegrown DNC Advertising would not score too many points. It doesn't have wickedly radical ads to its
      1,076 words
    • 200 15 DMB&B Tokyu in Singapore has clinched three new accounts over the past two weeks, collectively worth about $2 million. These are: Motorola Cellular Handphones, Food Beverage/International Distillers and Vintners (IDV) and a brand of eyecare products. The IDV account is a regional one,
      200 words
    • COPY LINES
      • 68 15 SINGAPORE Larry Jewelry (Singapore) has appointed Kuala Lumpur jeweller Selberan Sdn Bhd as its sole distributor in Malaysia to sell Lazare diamonds. In the past, Malaysian customers would make their diamond purchases in Singapore, managing director Charles Chan said. "Malaysians are as status conscious as
        68 words
      • 85 15 SINGAPORE Whole streets representing Singapore's most valuable real estate will be traded in transactions worth billions of dollars on Sunday. Waddington's latest promotion the Singapore National Monopoly Championships will see 65 capitalists trying to corner the property market and go on to represent Singapore at the
        85 words
      • 103 15 TOKYO At a time when the number of children is decreasing, Japanese retailers of children's products arc luring parents with low prices and child-care counselling services. One company, Akachan Honpo (Baby Shop), sells children's clothes and baby products at up to 40 per cent off
        103 words
  • Page 14 Advertisements
    • 136 14 Improve your .33 environment. Made of non-toxic, biodegradable parts, our chairs inprove your office envircxment as well as □I6THELMS) the world environment. And that's aside from being ergonomically-designed, fully adjustable gshentonway.#ol-02TreasuryBu.kj.ng and absolutely reliable. The Delta Series. All the things an office chair should be and more. Singaporeolo6.Tel: *****68 THERE'S
      136 words

  • Page 15 Advertisements
    • 2462 15 EAST FINANCE ORGANIZATION LIMITED (*ra) AND ITS SUBSIDIARY COMPANY X*«tn (Incorporated in the Republic of Singapore) BALANCE SHEETS AS AT 31 ST DECEMBER 1991~ The Group Tha Company The Group The Company Note 1991 1990 1991 1990 Note 1991 1990 1991 1990 ssssssss ssssss ss SHARE CAPITAL 12 7.000,359 7.000
      2,462 words

  • Page 16 Advertisements
    • 935 16 M NothingßeatsAßud. WHWfll where to wine, dine OF A FIRST FOR EXODUS EXODUS rated Malaysia's top entertainers after winning k |H the group category in the 1991 Qfe j£f Top of the Pubs competition s r n 9' n 9 the r exciting brand Mr mus c t0 Singapore. The
      935 words
    • 254 16 How To Play Happy Family O) It's really easy once you know i "®~I what we have in store for you and I your family at The Stables. A /jf super family buffet that'll delight I rM. -P j even the tiniest of tots. So come on over first thing
      254 words
  • Page 16 Miscellaneous
    • 699 16 TELEVISION AND RADIO Avpncnncr nnopl SB a 'S BUSW^°^BAD O &S il T vllullii> Clllclvl I?? y^P?* l 7.50 Newimtdl. 3.30 Legends <A the WorM. BBC, 88.9 mlb in VHF Band II O O O I" r- ?5f uu 5s Kvort h 800 *«<«• a,s ha J l s J*
      699 words

  • LIFESTYLE
    • 774 17 US presidential hopeful Bill Clinton steals the limelight once more as he tackles racial issues NYT IT's not so tough to combine politics, opportunity and selfrighteousness in one package. Arkansas Governor Bill Clinton proved it again this week. With his criticism of comments by Sister Souljah, a
      NYT  -  774 words
    • 688 17  -  Singapore Festival of Arts 1992 Cheryl Liew takes a peek backstage to see how Canadian group Theatre Sans Fil spins its magic for the audience Cheryl Liew BACK in 1971, Andre Viens and a group of drama enthusiasts in Montreal were scouting around for something that would
      688 words
    • 398 17 CHATTERBOX FORMER US national security aide Oliver North, a central figure in the Iran-Contra scandal, has lent his name to a fund-raising letter for Virginia Republicans, hinting at his own entry into elected office. He has been making the rounds of state Republican events and is
      398 words
    • Article, Illustration
      256 17 THE crowd of 300 may not have understood the language, but the beat of native drums and footstomping dances evoked enough rhythm for them to clap in time with the performers. Tapiti, a duo which specialises in native Zimbabwean music, filled the Raffles City atrium yesterday with
      256 words
  • Page 17 Advertisements
    • 303 17 AND ENTERTAIN Our buffets feature a wide selection of delectable appetisers. soup, main courses and luscious desserts. Available for lunch and dinner. Featuring on: Mondays Morsels from the West Tuesdays Favourites from the Wok Wednesdays Malaysian Rice and Spice Thursdays Going Italian! Fridays Seafood Delights Asian Style Saturdays Lite' n
      303 words
    • 113 17 THE PALM GRILL LIGHTENS UP. Casual evening dining comes to Singapore's premier restaurant. Stuffy, j"" *»> you like it In formal dining and all with a trio to set the night to goes with it. In with a more music. And best of all, in with casual, relaxed approach. In
      113 words

  • SPORTS 1
    • SIDE LINES
      • 119 18 MANILA Unfancied Singapore is performing beyond all expectations at the 30th Chess Olympiad here, holding on in the top half of the field following its 2.5-1.5 upset of Finland in the seventh round. Wong Meng Kong exacted the full point against sixth-ranked Finn Joose Norri on board
        119 words
      • 62 18 MANILA Russia scored its eighth victory in a row on Tuesday in the 30th Olympiad by beating Ukraine 3-1 to get a comfortable 4.5-point lead, while Armenia and Georgia joined the Netherlands in second position. Georgia scored an amazing victory over England, 2.5-1.5, with top board Zurab
        62 words
      • 66 18 MANCHESTER, England Brad Gilbert needed two hours and 15 minutes to defeat fellow American Bryan Shelton on Tuesday in the U*****,000 men's grass-court tournament in Manchester. Gilbert finally triumphed 7-6 (8-6), 6-7 (2-7), 6-3 when Shelton netted a forehand return of serve on match point. "It
        66 words
      • 68 18 BARCELONA There are still 700 too many athletes and officials expecting to go to the Barcelona Olympics. Senior organiser JosMiquel Abad said on Tuesday that the organising committee was still negotiating with 20 countries to cut 400 athletes and 300 officials from the guest list. All the
        68 words
      • 51 18 WELLINGTON Drug testing ahead of rugby's 1995 World Cup in South Africa will be relentless. Organising committee chairman Russ Thomas said yesterday: "We will test relentlessly. It is important that drugs are kept out of sport they are not good for sport and they give an unfair
        51 words
      • 127 18 SYDNEY An Australian rugby league player has pleaded guilty to misconduct after planting a kiss on the cheek of an opponent who called him "a fag". Labourer Greg Clarke, 27, appeared before the game's judiciary on Tuesday and pleaded guilty to a misconduct charge of
        127 words
    • 344 18 Unknown ousts ex-world No. 1 from Wimbledon warm-up event Reuter EASTBOURNE, England Martina Navratilova, long the undisputed queen of Eastbourne, suffered a shock second-round defeat at the Wimbledon warm-up tournament on Tuesday. The top seed, who has won the Eastbourne tournament 11 times including nine times
      Reuter  -  344 words
    • 360 18 Reuter LONDON Stefan Edberg feels that there is only one thing missing from his tennis game as he chases a third Wimbledon men's singles title next week his killer instinct. His timidity on the big points cost him his semi-final match against Shuzo Matsuoka
      Reuter  -  360 words
    • 442 18 AP LAS VEGAS Evander Holyfield doesn't want to fight Larry Holmes. Never did. When the 42-year-old Holmes was mentioned earlier this year as a possible opponent, Holyfield said on Tuesday, "I said, 'No, why would I want to fight Larry Holmes?'" Speaking at a
      AP  -  442 words
    • 617 18 World champion pole vaulter aiming to keep on breaking records AP PARIS It's getting to be an annual habit. But this time, Sergei Bubka's world record was something special. The Ukrainian pole vaulter set a record for world track and field records last Saturday by
      AP  -  617 words
    • 392 19 Reuter PEBBLE BEACH, California Payne Stewart did not enjoy playing the role of US Open champion, so he went back to being himself and now he's ready to defend his title. "I thought I would enjoy it a lot more," he said
      Reuter  -  392 words
    • 535 19 US Open curtain-raiser Reuter PEBBLE BEACH. California Nick Faldo, like a master thief planning a big heist, has left nothing to chance as he prepares painstakingly to pluck the biggest golf prize still missing from his collection. "I'm trying to do everything
      Reuter  -  535 words
    • 420 19 Reuter PEBBLE BEACH. California Jack Nicklaus and Tom Watson have locked horns in Opens past, but the two veterans are in agreement about what it will take to win this year's US Open. "Experience" was the key word cited by both Nicklaus. winner
      Reuter  -  420 words
  • Page 18 Advertisements
    • 194 18 PERSONAL INVESTING FINANCE SUPPLEMENT '98 A Special Business Times Survey July 83,1992 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 living.
      194 words
    • 135 18 INVEST IN N€W R€SORTS IN INDIA Offers or* Invfted from parties uifth proven capo bitty In the field of beoch resorts, for developing new beoch resorts on long term leose In Andamon ondNkobor Islands in the Boy of BengoL The sftes proposed for development ore ot Amkunj (30 beets) In
      135 words

  • Page 19 Advertisements
    • 163 19 MOST AIRLINES CAN TAKE CARE OF YOUR CARGO NEEDS. BUT WHO TAKES CARE OF YOUR CARGO AS WELL? «rSPSWr c < i ■flppK nP f-: f IKs rtJI .-H^HKr^L- -S HgigP fl B ,w vMti J JBHi THAI CARGO. YOU CAN DEPEND ON US. While most airlines tan take your
      163 words

  • STOCK EXCHANGE OF SINGAPORE 1
    • 952 20  -  By Quak Hiang Whai SHARE PRICES on the Singapore market closed mixed yesterday on moderate trade with shipyard stocks continuing to come under selling pressure. With the downturn in prices of shipyard counters, the big question now is: Is the current selling pressure
      952 words
    • Article, Illustration
      60 20  -  By Quak Hiang Whai Comment OVERSEAS Union Bank has been trading within a channel on a general upward trend. Immediate resistance is at $5.25. Short-term and long-term stochastics, however, suggest the stock is heavily overbought. A pullback is therefore expected, bringing the counter back to $4.70 before it
      SOURCE: BRIDGE INFO  -  60 words
    • 3214 20 L 1992 I e CurT I st Vol Day Last Quote Div Div YTd Net M Cap Hi 8 h Low Code Company Traded Sale +or- C000) High Low Buyer Seller C\t P/E Smil INDUSTRIAL AND COMMERCIAL 220 170 1000 Acma 213 xd +9 814 213 202 212 213 12.2
      3,214 words

  • 3146 21 Asia Pacific 1120 20 1.8% SPII Foreign 1360 20 +15% UOB Foreign 830 20 t-2.5% I ransmarco 233 til OUF. X45 HO 1.2% SI A Foreign 1900 10 0.5% Spore Fand 545 10 1.9% Ac ma 213 9 4.4% J Cement 264 9 +3.5% Semb
    3,146 words
  • Page 21 Advertisements
    • 39 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 brandies and ATMs worldwide. *—i J
      39 words

  • 3257 22 leaderD 5K0 t-5 fO.n M Cement MP 253 t 3 M.2% Pelangi Hhil MP 163 f3 +1 .9% Same Darby 54)* 253 <-3 H.2% Guinness Mf 3(H) f2 f0 6% II leongt reUit 276 t 2 7% PMKI 50* 190 2 H.l% GIL US$0.10 73Vi
    3,257 words
  • Page 22 Advertisements
    • 56 22 How long does it take for a star to make up her face? We time two SBC stars Zoe Tay and Cherie Lim in their make- up parlours. And you might be surprised by what we found. Find out how long it takes in The New Paper. y the J
      56 words

  • KUALA LUMPUR STOCK EXCHANGE
    • 1047 23 Bernama INDEX-linked counters attracted buying support but profit-taking took the overall market to a lower close yesterday. The KLSE Composite Index at the close added 1.04 points to 603.19 but the Industrial Index fell 0.17 of a point to 1,043.36. The all-share Emas
      Bernama  -  1,047 words
    • 4261 23 1992 Last Vol Day Net Cap High Low Telcode Company Sale '000 High Ixm P/E Smil INDUSTRIALS 221 165 7003 AISB 50» 170 -1 47 171 170 15.2 174.4 414 302 7004 ASM 50* 314 unch 86 314 310 16.5 1291.1 650 530 7000 Acidchem 595 20.5 255.8 515 384
      4,261 words

  • BT SHARE INFORMATION SERVICE
    • 762 24 Company Date Year Group Net Net earnings Gross ann to profit/loss (L) per share dividend ('000) (cents) Ac ma iun 15 Dec 91 $10 647<$9 2S6) 173(158) lOfctlOTE) Amcol Jun 15 Dec 91 137 607(*****3) 19(18) 10(10) Goldtron iun 15 Dec 91 $10 965($10 008) 27 7(25 3)
      762 words
    • 166 24 Company Date Half-year Group pre-tax Interim ann to profit/loss (L) dividend (000) V% Kl Kepong Jun 1 Mar 92 M$52.213(M$45 437) NYA<5) Wearnes May 29 Mar 92 $*****(121 878) 3(7) Ganda Hldgs May 25 Mar 92 M$2 548(*****) Samanda Hldgs May 25 Mar 92 M$7 006(15 558) 3(—)
      166 words
    • 1070 24 Current Ex Books Date Total tor Total tor payment date close payable the year last year Acnu 5% lun 5 Jun 18 Jul 2 1221 10%TE Amcol 25c 10% Aug 21 Aug 27 Sep 10 10% 10% Apolo 25% Am 3 Jun 16 Jul 23 25% Awno20c 6
      1,070 words
    • 442 24 Company Rights Issue D&C By* One-tor two </r MSI 2b per share Ex-date Jun 2 Books dose Jun 17 Acceptance Payment NYA Keppet France One-tor-lour (a SI 10 per share Ei-date May 25 Books dose Jun 4 Acceptance Payment Jul 14 MAA Three-for tour at MSI 00 per
      442 words
    • 237 24 Company Date Year Croup pre-tax Net earnings Gross ann to profit/loss (L) per share dividend ('000) (cents) Summa Inv Jun 16 Mar 92 $3,116($2.915) 1.9(2.5) Johan Hldgs Jun 13 Jan 92 M$5.U8($9.660l) GB Hldgs Jun 12 Mar 92 $6.353($9.951) 6 1(99) 10TE(10TE) B Sembawang Jun 9 Mar 92
      237 words
    • 363 24 In local cut In SS In US$ dy yr dy yr dy yr June 16 Index chge chge chge chge chge chge World 387.9 0.5 -5.0 0.5 -5.9 0.3 -6.2 tEAFE 463.8 0.4 -7.6 0.5 -8.8 0.3 -9.1 Europe 441.1 0.5 7.2 0.7 5.4 0.5
      363 words
  • 612 24 Moving Averages: A moving average curve shows at any one time the mean of the prices over a specified time frame. A five-day moving average, for instance, is the average of the last five days' prices. Moving averages (MA) are normally plotted with the prices, and serve as
    CHARTS BY BRIDGE  -  612 words

  • STOCK EXCHANGE OF THAILAND
    • 1806 25 Reuter SPECULATORS flocked into the Bangkok bourse yesterday, pushing the market higher in heavy turnover, brokers said. The SET Index ended 6.55 points higher at 756.29 on turnover of 10.34 billion baht. Trade on Tuesday was 8.09 billion baht. "Share prices are ready for any
      Reuter  -  1,806 words
  • JAKARTA STOCK EXCHANGE
    • 1294 25 STOCK prices closed mixed in moderate trading yesterday, brokers said. They said foreign interest was focused on cement and textile shares. Indocement closed 200 rupiah higher at 12,400, while Semen Gresik fell 50 rupiah to 5,800. Textile producer Indorama fell 100 rupiah to 5,800
      Source: Bridge Info  -  1,294 words
  • Page 25 Advertisements
    • 6 25 QUALITY RECRUITMENT use llu Appointments pages
      6 words
    • 98 25 buyers L sellers meet Find ready cash content of your FOR SUCCESSFUL MANAGEMENT OF YOUR BUSINESS Stories on labour and its relationship with management, management concepts in practice, profiles of leading managers in Singapore and relevant book reviews. ENTERPRISE MANAGEMENT, in Business Times every Monday, is must reading for managers
      98 words

  • TOKYO STOCK EXCHANGE
    • 2629 26 Reuter TOKYO STOCKS slumped and the 225-share Nikkei Average posted a new 1992 closing low yesterday. It ended down 507.73 points or 2.99 per cent to 16,445.80. Arbitrage selling hammered prices amid a dearth of buying incentives and growing pessimism over the economic outlook.
      Reuter  -  2,629 words
  • STOCK EXCHANGE OF HONGKONG
    • 2656 26 Reuter SHARE PRICES fell slightly in the Hongkong stock market yesterday, with the key Hang Seng Index losing a negligible 0.69 points or 0.01 per cent to close at 5,846.06. Turnover, however, rose to HK.52.788 billion from the previous HK52.503 billion. Following Tuesday's gain
      Reuter  -  2,656 words

  • AUSTRALIAN STOCK EXCHANGE
    • 2124 27 Reuter SHARES yesterday continued their two-week drift lower as the Japanese Nikkei index sank to record lows for the year. The Australian market did not fall as steeply as Tokyo. Though the Nikkei lost nearly 3 per cent or 507.73 points to 16,445.80, only half
      Reuter; Source: Bridge Info  -  2,124 words
  • REGIONAL STOCK MARKETS
    • NZ stocks finish lower on good volume
      • 352 27 SHARE PRICES eased overall on good volume yesterday, particularly in forester Carter Holt Harvey, which bucked the downtrend. Brokers said the market performance was reasonable given Wall Street's 25.41-point fall. "I'm anticipating it will go up. It did well in the face of the Dow. There was good
        352 words
      • 571 27 SHARE PRICES yesterday fell 2.7 per cent on profit-taking after last week's strong advance but brokers called the drop a healthy correction. The Manila Stock Exchange Composite Index plunged 42.66 points to close at 1,535.82. "We see a correction taking place because the good news has been factored in.
        571 words
      • 824 27 STOCKS closed lower across the board yesterday as they retreated from early gains, brokers said. "TTte market lacked energy to be able to sustain early rises," said one dealer. "There's no incentives in the market now to support the market, and there's not enough energy." The Korea Composite Stock
        824 words
      • 551 27 SHARE PRICES yesterday reversed early gains to finish lower on late profittaking in volatile, active trade, brokers said. The Weighted Index, which climbed briefly above 4,700 points, closed 33.88 points lower at 4,603.90. iTurnover was NT536.78 billion against Tuesday's NTS3B.6 billion. Market favourite China Development soared NT$7 to NTS
        551 words
      • 49 27 dote PrertoM June 17 NEW ZEALAND NZSE-40 Capital 1.530.80 1,533.47 -2.67 MANILA Composite Index 1,535.82 1,578.48 -42.66 Turnover (mil pesos) unav 804.26 TAIPEI Weighted Price Index 4.603.90 4.637.78 -33 88 Turnover (NTS billion) 36.78 38.6 -1.82 SEOUL Composite Stock Index 576.72 579.95 -3.23 Turnover (billion won) 326.5 293.5 +33.0
        49 words

  • WORLD STOCK MARKETS
    • US shares fall amid fears over economy
      • Article, Illustration
        1217 28 US BLUE-CHIP stocks fell sharply on I ucsday as investor worries mounted about the state of the economy and corporate earnings. I he Dow Jones Industrial Average tell 25.41 points to close at 3,329.49. In the broader market, losers outweighed gained by a 9-7 margin on the New
        1,217 words
      • Article, Illustration
        906 28 SHARE PRICES rose sharply on Tuesday, driven higher by technical factors and a positive opening on Wall Street. At the close of trading, the broad- based FTSE 100-Share Index was up 22.7 points, or 0.88 per cent, at 2,616.3. The FT 30-Share Index was up 10.6 at 2,037.0 and
        906 words
      • 267 28 GERMAN SHARES closed slightly firmer on Tuesday after hovering in a narrow five-point range. The 30-share DAX Index ended 5.20 points higher at 1,779.10, having spent the session in a tight band between 1,775.94 and 1,780.39. "The mood is quite good because we were able to hold on around
        267 words
      • 118 28 DUTCH SHARES closed mostly firmer on Tuesday, with biggest advances posted by internationals Royal Dutch and Unilever in generally lethargic trading. The EOE Index ended up 0.77 points at 313.03 alter falling 2.81 on Monday. Royal Dutch gained 1.30 guilders to 159.10 while consumer products group Unilever was up
        118 words
      • 298 28 FRENCH share prices on Tuesday managed to end higher in what dealers described as a technical bounce after falling six sessions in a row. The CAC-40 Index closed 13.27 points or 0.69 per cent higher at 1,931.41 in limited volume of 1.8 billion francs. During the morning, bargain hunters
        298 words
      • 227 28 BELGIAN SHARES on Tuesday closed above their lows but the market re- mained weak, in contrast to the better performance on other European stock markets. The Bel-20 index of leading shares closed down 2.78 points, or 0.23 per cent, at 1202.40 after touching a low of 1200.11. A total
        227 words
      • 319 28 SWISS SHARES ended a moderately active session firmer on Tuesday. Dealers said slightly lower money market rates, strong SMI (Swiss Market Index) futures and a good performance on other European share markets supported sentiment. The SMI Index of leading shares, 15.6 points higher at 1,881.3, recouped Monday's losses. The
        319 words
      • 287 28 THE Johannesburg Industrial Index closed 33 points up at 4,555. Other markets in Europe, South Africa and Canada Johannesburg June 16 Rand INDUSTRIALS A Alpha 4250 1100 AF.CI 950 unch AMIC 8900 unch Ahercom 125 Amaprop 650 unch BAZ 1300 Barlows 5800 25 Basil Strk 10 unch Blyvoor 500
        287 words
      • 179 28 SWEDISH SHARES closed fractionally higher on Tuesday, after profit-taking had wiped out earlier gains inspired by a better-than-expected four-month result by Svenska Handelsbanken. The Stockholm bourse General Index ended 0.04 per cent higher at 937.75 while the Top-16 Index firmed 0.20 per cent to 947.57 on low seasonal turnover
        179 words
      • 309 28 STOCKS slipped from afternoon highs on Tuesday, but weathered a sharp drop in the US to end flat, dealers said. Shares were boosted in morning trade by a sharp rise in US housing starts for May, but the market quickly discounted the data, they added. The TSE 300 Composite
        309 words
      • 182 28 June 16 Close Previous NEW YORK Dow Jones 3.329.49 3.354.90 -25.41 S&P500 408 32 410.29 -1.97 Turnover (million) 194.40 164.08 +-30.32 LONDON Financial Times 30 2,037.0 2.026.4 10.6 KTSF. 100 2,616.3 2.593.6 +22.7 Turnover (million) 391.0 359.6 +31.4 FRANKFURT DAX Index 1.779 10 1.773 90 +5.20 AMSTERDAM EOF Index *****
        182 words
  • Page 28 Advertisements

  • CURRENCY, MONEY & FUTURES MARKETS
    • 1244 29 REPORTS Tokyo: The US dollar finished slightly higher against the yen and the mark on short-covering yesterday. Trading ranges were limited. After the market realised that a support at 126.20 yen was unbreakable, the US dollar's sentiment tilted slightly towards the
      1,244 words
    • 384 29 Cross rates June i7 USS SS MS Dm Yen SFr AS NZS USS 1.6220 2.5190 1.5650 126.50 0.5365 1.4060 1.3245 1.8416 SS 0.6165 1.5530 0.9649 77.9901 0.3308 0.8668 0.8166 1.1354 MS 0.3970 0.64 0.6213 50.2183 0.2130 0.5582 0.5258 0.7311 Dm 0.6390 1.0364 1 6096 80 83 0.3428
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    • 527 29 Interbank rates SS Bid Offer Overnight 2 7/8 3 1-month 2 15/16 3 1/16 2-month 3 3 1/8 3-month 3 1/16 3 3/16 Overnight mode: 2-13/16 LS$ Bid Offer 7 days 3 13/16 3 15/16 1 month 3 13/16 3 15/16 2 months 3 7/8 4 3 months
      527 words
    • 497 29 Reuter NEW YORK After chalking up spectacular growth in 1991 and the first quarter of 1992, US high-yield bond funds are beginning to see a more steady, sustainable cash inflow, fund managers say. "The first few months of the year saw record
      Reuter  -  497 words
    • 1358 29 SIMEX EUWOOOUAH Open High Low Sett Est Vol Act/Vol Op/Int Sep 92 95.87- 95.89 95.86 95.86 5558 5219 ***** 95.88 Dec 92 95.28 95.30 95.28 95.28 5320 3730 ***** Mar 93 95.20 95.24 95.20 95.21 4698 2402 8081 Jun 93 94.79 94.82 94.78 94.81 1007 514 1914 Sep
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  • Page 29 Advertisements

  • COMMODITIES
    • 340 30 Reuter KUALA LUMPUR The Kuala Lumpur Commodity Exchange (KLCE) is to introduce changes to its cocoa futures contract from July 1 to help revive trading activity. The changes included improved terms for potential "market-makers" and brokers and the reimposition of a discount
      Reuter  -  340 words
    • 287 30 Reuter NEW YORK World sugar futures rose to lifetime highs on Monday, but some analysts say the market is vulnerable to a drop because concerns over tight supply may be overblown. "This was a bit of a surprise," George Konikowski, an analyst with
      Reuter  -  287 words
    • 694 30 REPORT KUALA LUMPUR The price of tin reached another new 19-month high of M$ 16.32 per kg on the Kuala Lumpur Tin Market yesterday, up by three sen from Tuesday's close following further buying demand from overseas. Dealers said tin shortages for delivery
      694 words
  • 1594 30 Rubber MRELB (fob In bates) (M cents/kg) Noon Close Int 1 RSS July 92 222.00/224 OON 222.00/224.00 Int 2 RSS OP 220 00/221 OON 220.00/221 OON UK/Cont 219.00/220.00N 219 00/220 OON Int 3 RSS OP 217.50/218. SON 217.50/218 50N UK/Cont 216 50/217 50N 216.50/217 50N Int 4 RSS OP
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  • Page 30 Advertisements
    • 510 30 _B_U_S_L_N ESS T I ME S Toll tree Trt No 737 0Q43 Fax No: 734 3698 THE COMPANIES ACT. C AP. 50 ACORNCROSS (SINGAPORE) PTE LTD tin Members' Voluntary Winding-Up) At an Extraordinary General Meeting of the Company held at 15 Scotts Road #04-01/03 Thong Teck Building. Singapore 0922 on
      510 words
    • 373 30 IN THE MATTER OF THE COMPANIES ACT. CAP. 50 AND IN THE MATTER OF HONG HUAT MERCANTILE PRIVATE LIMITED (IN MEMBERS' VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting ot the member* of the abovenamed Company duly convened and held at 68 Ampany Hilener. Kuala Lumpur. Malaysia on 15th June 1982
      373 words

  • 1252 31 City Flight ETA FHght ETD Aku DkaM GA887 0200 GA894 2015 AMaMa QF5 1955 SQ228 2050 Amsterdam SQ23 0645 KL838 2240 KL837 1255 Utimn SQ347 1755 Auckland BA11 1505 SQ288 2015 Bahrain GF148 1000 GA525/910 1755 8 Sari Bafawan BW53 1105 SQ182 0915 SQ181 1410 BI96
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  • THE TRAVEL PAGE
    • 398 31  -  POSTCARD FROM DUBLIN By Paul Majendie JAMES JOYCE fans donned boater hats and Edwardian striped blazers on Tuesday to celebrate the Irish author's famous novel Ulysses. This year's eccentric festivities were given an extra international twist, with scholars from China, Argentina, Australia, Germany, Italy, Spain,
      398 words
    • 152 31 As at 10am yesterday: Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.2182 1.2347 Canadian dollar 1.3407 1.3678 NZ dollar 0.8712 0.8888 Sterling pound 3.0I0S 3.0SI3 US dollar 1.6185 1.6255 Ixical dollars to 100 units of foreign currency Austrian schilling 14.55
      152 words
    • 61 31 Duration Title Venue Organiser Tel Duration Title Venue Organiser Tel Aug 22-25 International Frankfurt. Mcsse Frankfurt (49)69/***** July 20-24 Elect rotech NEC. Elect rex Ltd. 071-*****47 Trade Fair for Germany GmbH Birmingham London (fax) Consumer Goods Aug 16-18 International Sep 6-9 Fine Food Melbourne Australian (61)3/867.7981 Munich,
      61 words
  • Page 31 Advertisements
    • 45 31 It's amazing the lengths Finnair goes to for just one price. Fly Finnair to Europe and well take you to 35 European destinations for the same price Check with your travel agent or call *****77 for more details. We Know Europe from aurt to Fmniih.
      45 words
    • 25 31 For information on where to buy your copy of: Her World, Go, Singapore Business, Home Decor, Young Parents call our Customer Services Section on 749-2577
      25 words
    • 321 31 BUSINESS TIMES Toll free Tel No 737 0043 Fax No: 734 3698 IN THE MATTER OF THE COMPANIES ACT. CAP 50 AND IN THE MATTER OF KOKAN OVERSEAS PROJECT PTE LTD (In Members' Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies
      321 words
    • 269 31 In the Matter of THE COMPANIES ACT, CAP. 50 And In the Matter of TACTICS DECOR AND PROPERTIES PTE LTD At an Extraordinary General Meeting of TACTICS DECOR AND PROPERTIES PTE LTD, duly convened and held at 100, Jalan Sultan. #08-07, Sultan Plaza. Singapore 0719 on the 3rd June 1992.
      269 words
  • Page 31 Miscellaneous
    • 228 31 Hard-top of fabulous race--5 Rows of spectacles (6) jj—^ 9 Doctor's capital used for I I I I I disease-carrier HT to a Wagner production 1 Room the 12 Start I broken dynamo! (6) 14 North, for example, an eccentric performer (4-6) i8"~ Jumble a 22 Lose weight and slow
      228 words
    • 165 31 Singapore Outlook: Showers over a few areas in the morning. Report: Maximum temperature 33.3 Assoc humidity 60% Minimum temperature 26.4 Assoc humidity 92% Hours of sunshine 4.90 Rainfall in mm Nil Rainfall this month 86.8 Rainy days this month 11 World report Asia-Pacific Hi/Lo* Cond. Auckland 13/10 Cloudy Bangkok 34/25
      165 words
    • 36 31 l '?ft i l^l?HjagilSß ysr! l HPyVg. (SOU POPCMM Itf»t uwp«t e*pic*ruy Doe.«> wt Ai vitm.rol6_ Icaes-re-R-P€Jt.?v ?.Mv J JL _rNTfimf exPecT OP we? V 87Q5 C ASSOCIATED NEWSPAPERS LTD mHM Pl.kUg.ft RHP F PVjNft '7)
      36 words

  • 359 32 Surprise agreement goes beyond reductions under treaty Reuter WASHINGTON US President George Bush and Russian President Boris Yeltsin have agreed unexpectedly to make deep new cuts in long-range nuclear warheads and pledged to unravel the mystery of US prisoners of war
    Reuter  -  359 words
  • 470 32 AFP. AP MANILA Fidel Ramos celebrated his official confirmation as winner of the Philippine presidential election yesterday, but his main rival refused to concede defeat and prepared to challenge the contest in court. "I am very happy," the 55-year-old former general and
    AFP.; AP  -  470 words
  • 221 32 Reuter WASHINGTON The United States has waged a successful war against inflation and further progress appears likely. Federal Reserve Board chairman Alan Greenspan said on Tuesday. "The US economy has made considerable progress towards price stability over the past decade, trimming the core rate
    Reuter  -  221 words
  • 316 32  -  From Evangeline Gamboa in MANILA WITH the vote canvassing over but for the shouting, Manilans have turned to speculating on the composition of incoming president Fidel Ramos' Cabinet. His aides have been compiling a shortlist of four or five candidates
    316 words
  • 254 32 AP WASHINGTON Former Defence Secretary Caspar Weinberger on Tuesday became the most senior Reagan administration official to be indicted in the Iran-Contra scandal. A federal grand jury chargcd Weinberger with perjury and obstruction of justice of the congressional investigation into the arms-for-hostages deal,
    AP  -  254 words
  • 748 32  -  The Bottom Line NIRMAL GHOSH NIRMAL GHOSH The writer is a BT journalist THE Earth Summit revealed much that is wrong, and some that is right, about the world we live in. And some of it goes beyond finance. No politicians came
    748 words
  • 383 32 Reuter PARIS The French Senate, in a significant victory for pro-European campaigners, approved constitutional changes yesterday to bring France into line with the Maastricht treaty of European political and monetary union. The upper house, where the conservative opposition has a majority, voted 192-117
    Reuter  -  383 words
  • 256 32 Reuter LUXEMBOURG European Community farm ministers have put off signing and sealing a package of major agriculture reforms, but said this did not mean they are having second thoughts about the plan. France and Italy were in fact the only
    Reuter  -  256 words
  • Page 32 Advertisements

  • Shipping Times
    • 358 33  -  By Dexter Lee SINGAPORE Sabre Line has fallen victim to intensified competition on the Sin-gapore-Australia trade route, which has been languishing with a recession in Australia. On Tuesday, Sabre Line said it will withdraw from the trade between Singapore and Australia in August. No reasons
      358 words
    • 345 33  -  By Rahita Elias SINGAPORE UK's Southampton Container Terminals is investing another £17 million (Sssl million) to further upgrade its facilities. The money will be used to install new post-Panamax ship-to-shore gantry cranes and execute the final phase of a programme to replace the port's
      345 words
    • 232 33 AFP WASHINGTON The United States has proposed ending US-led ship inspections off Jordan's coast if United Nations inspectors can enter the country to enforce the UN embargo on Iraq, a Pentagon spokesperson said on Tuesday. "There is a plan under consideration by
      AFP  -  232 words
    • 866 33 Page Col ABC Containcrlinc 12 I Accord Group 8 1-3 API. 5 3-5 Arrow Inter 9 2 ASCL 5 9 Alpha Feeders 6 I ANL 3 1/2 Bait Canada Line 7 4/5 Bait Orient Line 7 4/5 Batamindo 19 3 BCS 18 1/2
      866 words
    • 399 33 KnightRidder Sao Paulo A nationwide port strike in Brazil has hit sugar and cocoa exports from the country. It tied up 63.000 tonnes of Brazilian refined sugar destined for export from the northeast port of Recife. Nine ships were currently
      Knight- Ridder  -  399 words
    • 253 33 AP TOKYO The world's first ship propelled by superconducting electromagnets instead of a propeller made a successful 30-minute test voyage on Tuesday, Mitsubishi Heavy Industries Ltd said. The success showed the possibility of building a quiet, high-speed ship with good fuel economy, said Japan's
      AP  -  253 words
    • NEWS SUMMARY
      • 45 33 THAILAND, in common with a number of other Asian countries. has been able to embrace the concept of capitalism and free markets to an extent. In the area of sea transport, the most significant port is Klong Toey in Bangkok Page 2
        45 words
      • 68 33 DHL International's three partners have strengthened their control in the international express company by increasing their shareholdings. Carriers Japan Airlines and Deutsche Lufthansa AG have exercised an option to increase their stake from the initial 5 per cent each to 25.001 per cent each, while
        68 words
      • 30 33 Deutsche Aerospace (DASA) has put forward a project combining Western Europe and Russian efforts to build a successor to the Soviet-made space station Back Page
        30 words
      • 34 33 IRISH-BASLD aircraft leasing firm GPA Group pic's billion dollar global share offer should be fully subscribed but at the lower end of the price range Back Page
        34 words
    • LOG BOOK
      • 52 34 LONDON The Cypriot-flagged tanker, the Martontree, has been taken to Perama, Greece, for repairs after a collision last week with a Liberian tanker in Piraeus, Lloyd's Shipping Intelligence Service said. Lloyd's said the 112,744 dwt Martontree had been surveyed in Piraeus and drydocking was
        52 words
      • 105 34 AMMAN Iraq, which has been under a UN trade embargo for over 1-1/2 years, has halted local flights to the southern city of Basra because of a lack of spare parts, airline officials said on Tuesday. A spokesman for Iraqi
        105 words
      • 75 34 CIUDAD BOLIVAR An intensive search was underway in the vast grasslands of south-eastern Venezuela on Tuesday for a small airplane that disappeared with 14 people on board, officials said. The aircraft, a Brazilian-made Embraer Bandeirante, took off on Monday from the oil town of Anaco,
        75 words
      • 105 34 NICOSIA Iran's biggest car-maker Iran Khodrow shipped a consignment of 120 buses and minibuses worth US$5 million to China on Tuesday, Tehran Radio reported. It was the company's fourth export shipment in the Iranian year started March 21. Previous ones went to Russia and the
        105 words
      • 85 34 SEREMBAN Two Port Dickson Marine Department boats have been deployed to patrol the sea lanes off Teluk Kemang for vessels which dump grease and tar sludge as they pass through the Straits of Melaka. Menteri Besar Mohamed Isa Abdul Samad said the boats, Lang Merah
        85 words
      • 81 34 MONTREAL Air Canada said it intends to sell its five DC-8-73 freighter planes, in a continuing effort to rationalise cargo operations. "Air Canada has not been able to make the freighter operation profitable, despite a concentrated two-year effort which included network adjustments, product
        81 words
    • 824 34  -  The Thai Shipowners' Association is pessimistic about the prospect of improvement in Thai shipping as it expects no major changes over the next few years, says Michael Grinter Michael Grinter Fairplay Thailand, in common with a number of other Asian countries, has been able to embrace the
      Fairplay  -  824 words
    • 833 34 THIS twice weekly report, compiLd by Cockett Marine Oil Ltd. shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on average-sized stem. Market movements are indicated. The Cockett Bunker Price Index change and
      833 words
    • 14068 42 I his is a list ol ships loading at Singapore lor |x>rts around the world. It tabulates, by destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure trom the Port of Singapore. LEGEND PN: ship calls at I'cnang
      14,068 words
    • 3355 47 A .Xm.BC C oiitainerline N\: Bclsin Shpg \gcncics lie Ltd (S) Marine Handling Sdn Bhd (Pk PN). Vccord Group: Vccord Sh(>g He Ltd (SV Vvord Ciinlr 1 me (Pk/PN). Vdkris Business orporation Philippine Calsource Shpe I r«Ju He Ltd (S) \hrenkiel Liner Sen ice Kim Shot Trdg (S)
      3,355 words
    • 305 47 VblM 'US (HHKTS Tel 545 801 I. Fa*: *****98 \ir I- xpress I r»>fl Tel: >33-5771 Fa*: *****44. Xirborne I nifcht orporaiion Tel. >42-8844 I ax: >*****6. *****80 Xirswift S\ or Id wide Courier Td: 278-0188 Fax: 273*283 \JS Supplies Td: 748-6322 <2 lines). 747-7421. Fax: *****75. C'itx
      305 words
    • 1518 47 Abex Express Freight Tel: 542-7171. Fax: *****84. Actinic Forwarder Tel: 225-1833. Fax. *****42. Activair Singapore Tel: 542-7822. Fax: *****20 Aerolink Freight International Tel: 545-8033. Fax: *****05. Verospeed Tel: 542-5911. Fax: *****18 Air C argo Novo FApress Tel: 542-5454 Fax: *****06 Air Express International Tel: 542-7666. Fax: *****74. *****50.
      1,518 words
    • 3021 48 ARGENTINA Apart from the conflicts in Buenos Aires, the labour situation has remained quiet in Argentina. Buenos Aires: Following period with some congestion the labour situation is quiet, sailing have outnumbered arrivals, berths regularly available, and no delays. San 1-oren/o: Busy with 6 vessels in port of which
      3,021 words
    • 1385 48 SHIP SALES TANKER RATES VESSELS ON OFFER Bulk Carriers Maersk Sentosa: 63.777 dwt and built March 1981 Hitachi Nagasu. on offer in the region of USsl7m. with timecharter basis for three years at U5512,250 daily. Cinchona: 32.431 dwt and built July 1985 Usuki Saiki. on offer in the region of
      1,385 words
    • 562 48 ARRIVALS DEPARTURES Op Might l>pe EIA I From Op Flight 1 >pe F ID 1 To TODAY TODAY KAL KE697 B747F 0150 1 SLL KAL KE697 B747F 0440 1 BKK SI A SQ827 B747F 1730 ■> CI'H/DXB SIA SQ/ B747F 0715 2 DXB/LON CLX CV794 B747F 1845
      562 words
    • 394 48 CRUISE FERRY SCHEDULES CRUISE SHIPS Ait l)ep Name of Vessel EIA L"I D Ports of Calk Port Agent JUNE 18 18 Cora I'nncess 1000 1800 Sin-Jakarta Harpers Shipping 19 19 Andaman Princess 1200 1800 Sm-Kuantan Lines Int'l Holdings 20 20 Ascan World 0900 1800 Sin-Hkt Scmbawang Johnson 21 21 Andaman
      394 words
    • SHIPS IN PORT
      • 713 49 Vessel Voy No Berth Arrival Departure Vessel Voy No Berth Arrival Departure Marina Terminal 1 Bjtjn- Mj|c 060/92 MOb 1806 OSOO Batam Sayang 06CS92 MOb alongside 1806 0S00 Batarnindo 2 200bS MOJ alongside 1/Ob 2300 Garuda Gb4 M04 jkingside 1/06 2300 Mahkota E»p 120 92 M04 aMigside
        713 words
      • 242 49 iohore Port Berth: 1; Johan Pearl. 2. Vigorous Swan. 3: Pagan. Bangko kyai. 4: Korean Amber. 5: Tristar I; 6: Jebel All 01 jetty: ml. DCJ: Ocean Winner. Petro Niaga. Due on June 17: Qin Tang Jiang, Jayapura, Cosmic Challenger, Tenwa Maru. Due on Juie 18: Kapitan
        242 words
      • 1706 49 DELIVERY OF FCL IMPORT CONTAINERS IN PROGRESS Ship Voy No Containers avalaWe Ship Voy No Contaners avaiabie Izvestia 33MF92 *****2 0100 Leeward 225N COOlEST) 1/06 92 1500 Venabu 14 014 *****2 0715 Kota Makmur 107 COOlEST) 1706 92 2100 B Getang 25E 16 06 92 081/ Sea Maco
        1,706 words
    • 1249 50 Sept 15-16: Asia-Pacific Digital Cellular Mobile Communications, organised by IBC Technical Services Limited at The Mandarin Singapore, l or further details please contact IBC Technical Services at tel: 071-637-4383 or f a x: 071-631-3214. Oct 13-16: Seatrade Asia-Pacif-ic t'ruise Convention, organised by Seatrade. The event will take place
      1,249 words
    • 604 50 FREIGHT rates softened in the absence of fresh cash market news and with reported grain fixes involving small loads on untypical routes, brokers said on Tuesday. The Baltic Freight Index (BFI) was four points down at 1.158. showing lower pananiax routes with US Gulf/Japan grain steady. The SS&Y
      604 words
    • 463 52  -  By Rahita Elias SINGAPORE DHL International's three partners have strengthened their control in the international express company by increasing their shareholdings. Carriers Japan Airlines and Deutsche Lufthansa AG have exercised an option to increase their stake from the initial 5 per cent
      463 words
    • 176 52 AFP UNITED NATIONS The Security Council will send 1,000 armed troops to protect a reopened Sarajevo airport, but not until heavy weaponry is withdrawn from the runways and a ceasefire is consolidated in the Bosnian capital, a diplomatic source said on Tuesday. Some
      AFP  -  176 words
    • 182 52 Knight-Ridder WINNIPEG The Canadian Wheat Board has begun arranging ocean freight on behalf of Russia on a limited CIF basis in an effort to increase sales of grain to the Republic, said a CWB spokesman. Brian Stacey, CWB information officer, said that no
      Knight-Ridder  -  182 words
    • 274 52 AFP BERLIN Deutsche Aerospace (DASA), a subsidiary of Daimler-Ben/ AG. put forward a project on Tuesday combining Western Europe and Russian efforts to build a successor to the Soviet-made space station Mir. Under the scheme, dubbed "Euro-GUS" (EuroCIS), the Europeans would provide the finance while
      AFP  -  274 words
    • 442 52 Reuter LONDON Irish-based aircraft leasing firm GPA Group pic's billion dollar global share offer, which closed in Britain and Ireland on Tuesday, should be fully subscribed but at the lower end of the price range, industry analysts say. Applicants had
      Reuter  -  442 words
    • 367 52 AFP BANGKOK A multi-mil-lion dollar telecommunications project awarded to NEC of Japan by the Communications Authority of Thailand (CAT) may be illegal, government sources said yesterday. Transport and Communications Minister Nukul Prachuabmoh has ordered the deal, approved late last month
      AFP  -  367 words
    • 429 52 NYT WASHINGTON Northwest Airlines said on Tuesday that it would raise domestic fares 10 per cent next week, but its major competitors did not immediately follow suit. If they do not. Northwest will almost certainly have to back
      NYT  -  429 words
  • Page 33 Advertisements
    • 19 33 Lines and service* represented by Mentors of the Registry of Accredited for advertising enquiries, contact Shipping Times: Tel 740-2089/740-2090
      19 words
    • 91 33 toe FAMOUS pn/ o Cgmmi 224 1833 For more information please refer to P|{. 13 -1 ■> t V k > v"' *v-«■ -"-'V" fe p*V I '.'V r v-V i 1 J XRE oversea^ BRING THEM HOME. A paper subscribed by Singaporeans abroad. c And by foreign professionals too.
      91 words
    • 52 33 Ak Forwarders 15 A* Freight Schedule 16 Cockett Report 2 Container Schedule 17 Courier Services 15 Cruise Ferry Schedules 16 Daily 18 Index 1 Port Conditions 16 Stappng Agents 15 Shipping Guide 10.11 Shipsales Tanker Rates 16 Ships in Port 17 Singapore Tides 17 Transport Diary 18 Weather and Sea
      52 words

  • Page 34 Advertisements
    • 94 34 It could be a controversial deal between two stock J market stars, a thought-provoking report by f "xj| university researchers on the latest trans-European FOCUS zooms in on the news and issues of the day and looks at them in more depth and breadth. FOCUS is the news feature section
      94 words

  • Page 35 Advertisements
    • 4486 35 M OOCL (S) PTE LTD JARDINE SHIPPING AGENCIES *****11 \MWgJ |B BOOKINGS TEL *****34 *****58 ■■iiif TERMINAL/CFS TEL: *****18 220 P EOftfla M PESAKA JARDINE SHIPPING AGENCIES SON. BHD. A PORT KELANG TEL *****18 FAX *****91 *****88 0 PENANG TEL *****4 FAX *****1 CFS TEL: *****6 ueaicated to Quality Service
      4,486 words
    • 1453 35 ■nmroa 2 SAILINGS TO NEW YORK ABERDEEN BAY V 5551 ETA Singapore 22/6/92 ETA New York 23/7/92 (VIA ROTTERDAM) METTE MAERSK V 9206 ETA Singapore 23/6/92 ETA New York 26/7/92 Vessel Voy ETA ETD Feeder by DESTINATIONS leerort Aries Thts .veek Mette Maersk 9206 fcwyHBHWTHJH rrgTWWWWIBWW— 111 iw 23 6
      1,453 words

  • Page 36 Advertisements
    • 1418 36 R'DAM Tmmm VOY NO S PORE JEDOAH S HAMTON H BURG ANT LE HARVE MONTE ROSA 19/124 18/6 27/6 11/7 7/7 6/7 1. Mi NDTBOOM) ELBE 11/324 21/6 8/7 10/7 13/7 14/7 PORT KELMM 1 PfNWC KAMAKURA 23/125 25/6 4/7 18/7 14/7 13/7 CMWO TO I*, COOlSf"! KAGA 24/325 28/6
      1,418 words
    • 461 36 wmmm EXPRESS TO PAPUA NEW GUINEA I SPORE] CHEFOO V7S In Pt POM/HON/NORO/RAB LAE/MAO ALAM TALANG VIS 01/07 POM/HON/NORO/RAB/ KIM/LAE/WWK CHEFOO VOS 25/07 POM/F4ON/NORO/RAB LAE/MAO ALAM TALANG V2S 12/00 POM/HON/NORO/RAB KIM/LAE/WWK CHCFOO VOS 03/00 POM/HON/NORO/RAB LAE/MAO (LCL B/BULK) T/S: ALOTAU. OROBAY. KAVENG ACCEPTING LCI FOR MAW PORTS DISCHARGE PORT KELANG
      461 words
    • 1627 36 Eggtaaia &sara REGULAR INDEPENDENT FULL CONTAINER SERVICE WESTBOUND TO EUROPE W./WY SM ALG BCI HAM BRE ROT ANT FEL I HA (VIA (VIA (VIA AIG) HAM) ROT) NORASIA SINGA 9216-3 21/06 12/07 13/07 16/07 17/07 18/07 19/07 20/07 21/07 NORASIA SUSAN 9217-3 28/06 19/07 21/07 23/07 24/07 25/07 26/07 26/07
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  • Page 37 Advertisements
    • 2201 37 H STRAITS SHIPPING PTE LTD 10 Hoe Chiang Road #11-01 Keppel Towers Singapore 0208 Tel: *****88 Fax: *****17 CARGO *ORt D RIM RAJAH BflOOftl VI4E Muara. lib. KK In Port IS km MARION V 010N 21 22 JUNE 24 25 lUNI KRtS MERUEU voa KR. Sinn Ijw 19 km 20
      2,201 words
    • 1250 37 Jk SINGAPORE AGENT: f\T\X*W P&O Containers (Singapore Agencies) Pte Ltd 10 Hoe Chiang Road #07-01 KEPPEL TOWERS. SINGAPORE 0208 WP i Tel 225 2233 Telex RS ***** PNOCSP Fa* 225 5327/222 7517 CR Number **********0Z CHANGE OF NAME With immediate effect, our Agents in Peninsular Malaysia, Container Agencies Sdn Bhd,
      1,250 words

  • Page 38 Advertisements
    • 616 38 ueJMMMJ CR NBR **********0-0 EXPRESS SEMI CONTAINERSHIP SERVICES TO EUROPE WTVOY SPORE ROAM ADAM HBURC BREMEN ANTWERP ETA 0 MAT ARAM 32K8 17-21/7 20 8 25/S 30 1 4/9 FAST TRANSIT TIME ACCEPTING BREAKBULK/CONTAINERISED CARGO Sub|«ct to lnduc«m«ot Alto accepting cargo to Caaablanca, Port Said, Port Alexandria, Genoa. Trieste. ALSO
      616 words
    • 1577 38 HANJIN SHIPPING FOR VSI SIN LINE HAW IGB OA* FOB »Sl SW ll* HAUI SAV KM NTC HAN)* SCAIILE 023E .'0 6 MRICI 12 I 15/ MANUN CHEIU 083t 22 t N KULUNG 037E 30/7 31/7 2/1 HANJM HONG KONG 034E .'8 6 o*£C! 19/ 22 1 HANHN KHANGTANG 090E
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    • 1386 38 Irn scr use hkc rig pus hki os* ng» stu no la« cm b« ntc lmv aw* rom w rec psd cmb phi sgp icuhh m; 23 4244 a t i/» i<l 4 7 vi »/> 10, 7 11/7 117 m 191 201 211 221 19 119 is 9is 9
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  • Page 39 Advertisements
    • 1536 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 mm mm far east service *****00 import cfs mb 2 *****69/*****96 UK/EUROPE SERVICE *****00 EXPORT CFS MB2 *****53/*****50 AUST/INOIA/PAK SERVICE *****00 NEPLINE SDN BHD MALAYSIA K.L.-(03) *****33,
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    • 301 39 V gm YOUR RELIABLE FREIGHT FORWARDER fe CUSTOMER SERVICE: 222 0717 FAX: 222 7968 MAIN LINE: 222 0255 AIRFREIGHT: 545 4255 Penang ETD 23/06 Kaohsiung ETD 26/06 Pt Kelang ETD 26/06 Busan/Hong Kong ETD 22/06 Bangkok ETD 21/06 Japan ETD 21/06 Jakarta ETD 25/06 Madras ETD 20/06 Manila ETD 21/06
      301 words
    • 270 39 K1 HEUNG-A SHIPPING WggJU Korean Flag Vessels STRAITS/KOREA SERVICE PU SM *G BSN HC MOI IOUWiXWF 220N 22 23 04 24-24/00 »»0403 04 07 14/17 MO7 NO DOfWM 20«N SUUOATA 27 20/00 03-M/07 OS 11/07 12/17 11/17 nmm •nnio conns mm nnm 30/4-1/7 es-eO/07 n 10/07 11/17 12/07 •CWTMK LAND
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    • 1149 39 m sinsov SINGAPORE SOVIET SHIPPING CO PRIVATE LTD BOOKING: *****51/ *****64/ *****06 (FESCO LINE) ENQUIRIES: *****33 MARINE INSURANCE SERVICE: *****87/ *****87 KL: 03-*****75/697 PORT KELANG: *****43/ *****40 JAKARTA: *****57 PENANG: *****4/ *****8 JOHORE BAHRU: *****1/ *****1 (REGULAR INDEPENDENT SERVICE) FULL CONTAINERSHIP SERVICES E ASTBOLtP—DISCHARGING WESTBOUND—LOAOiIG TRANSMPPED VIA ROTTERDAM ntts sm
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  • Page 40 Advertisements
    • 1574 40 K*W AS AGENTS KAWASAKI SINGAPORE (PTE) LTD ICR No: **********0 M) W W W7* TEL: *****77 TELEX: KAWAKIRS23I6S f AX: *****07/0/9 I M MALAYSIA: "K" UNE MARITIME (MALAYSIA) SDN BHD I JKL VL mJL JL M-Ji TEL SA *****00 PK *****01/5 PENANG *****0 JB *****1 mmmm KAWASAKI KISEN KAISHA, LTD
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    • 851 40 PHILI-ORI€NT UN€S PT€ LTD Y 1 08 Robinson Road #07-00 GMG Building Singapore 0106 Te1:*****22 *****69 *****00Telex:RS*****FAX: **********6238 BY AIR, LAND OR SEA.... WE TAKE ON THE WORLD FOR YOU MEMBER OF SINGAPORE FREIGHT FORWARDERS ASSOCIATION AUSTRALIA/MEW ZEALAND/SOUTH PACIFIC FCULCL SERVICE 19 JUN SYDNEY. MELBOURNE. BRISBANE. FREMANTLE 21 JUN AUCKLAND.
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    • 338 40 f GOLDEN LINE guan guan shipping W>s<\ (PTE) LTD 1 23. IfWi hyti Sfrwt SINGAPORE 010* m *****81 (10 LIES) fn 534J504 (CD No **********0W) BTRAITB/PERBIAM GULF IKB VICE S'pore P Mang Penang GOLDEN KM Karachi Dubai Damnum 24/2( hit GOLDEN SIM Aafachi Dubai Damnum I'll M CHINA SERVICE VSi
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  • Page 41 Advertisements
    • 2195 41 PACIFIC INTERNATIONAL LINES (PTE) LTD mt MBF Cecil Street, #03-00 PIL Building, Singapore 0106. T©l: *****33 JAKARTA IBANGKOK f VESSEL VOY SIN JKT SIN VESSEL VOY SIN BKK SIN KOTA INOAH 251 21/« 23/6 28/6 EQUATOR CRYSTAL MN 19/6 22/6 26/6 BUNGA TERATAI 293 23/6 25/6 30/3 KOZINTSEV SON 21/6
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    • 741 41 EXPRESS CONTAINER SERVICE TO UK-NORTH CONTINENT-SCANDINAVIA WEEKLY p|P GUDANGI PENANG PKELANGI OCEAN VSL/VOy"" SIN SOU (1) RTM (2) HAM (3i GOT 19/6 19/6 20/6 JUTLANDIA 2242 23/6 10/7 12/7 13/7 15/7 E 26/6 2676 27/6 SELANOtA 2252 1777 197? 20?? 22/7 D ~3/7 377 4/7 BENALDER 2262 777 24/7 2677
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    • 307 41 M MYANMA pßttk FIVE STAR LINE (Myanmar National Line) Loading for Yangon (Rangoon) Spore P.KIf Pen P.Gdj PINY A VI22W Std ta Port MYOMAYPIA VI42W 23/24 Jun 23/25 hm PAGAN VI S3* 19/20 Jun In Pt HPA AN Vl7B* 24/2« lun NIGERIAN NATIONAL SHIPPING LINE NIGERIA EXPRESS SERVICE RIVER IKPAN
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  • Page 44 Advertisements
    • 1629 44 Container Liner Services *»«*'>«■** Gum Gum Snipping Sdn Bhd Chung Chiao Sft/pp/109 Bhd P. J. Gtob* hitra tndoms* Maritime General Agents Booking Agents: Peruana Ha/a Uuda khu psa uun Koxi hum jihh ju**iiiu/u Costar Shipping Pte Ltd Shipping Freight Booting Centre $*r Bhd ***** Poft Kli off sum KI J
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    • 628 44 EXPORTS TO HONGKONG, TAIWAN, MANIA I JAPAN "TWICE WEEKLY" MALACCA STRAITS SERVICE OUTBOUND Wf HI rot «T Sft MM. HK6 KAO HEE TYO TO* SMZ N6O KOB II VCSSa WOT |SW |PKI PtW 1W «N l ACX PAST 278 "15.6 "17 6 16.6 116 23.6 25.6 30.6 30 6 1.7
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    • 747 44 I VESSEL YOY JAKARTA SPORE BANGKOK MANIA GUAM SATAN I ASIAN ORCHD" 15 U 6 JUL 10 JUL 15 JUL 21 JUL 23 ASIAN ORCHD It AUG 6 AUG 3 AUG 12 AUG 19 AUG 21 I VESSEL VOYETA SPORE GUAM (T/S) MOTHER VESSEL GUAM POKAPfKOSRAE MAJURO TRUKTAP KM J
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  • Page 45 Advertisements
    • 613 45 (fc FAMOUS CONTAINER LINES 10 ANSON RD. #15-21 INTERNATIONAL PLAZA, S'PORE 0207 HOT LINE: *****33 (24 LINES) LIMASSOL/PIREAUS 21/6 ROTTERDAM 21/6 HAIFA/ASHDOD/ALEXANDRIA 21/6 HAMBURG/BREMEN 21/6 MARSEILLE/FRANCE 21/6 FELIXSTOWE/UK 21/6 BARCELONA/SPAIN 21/6 LEHAVRE/ANTWERP 21/6 GENOA/ITALY 21/6 GOTHENBURG/SCANDINAVIA 21/6 LOS ANGELES/WC/IPI 21/6 SYDNEY/MELBOURNE 19/6 NEW YORK/EC 21/6 FREMANTLE 29/6 VANCOUVER 21/6 BRISBANE/ADELAIDE
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    • 1314 45 JAKARTA BANGKOK tt«u WW m *1 |[««o- |tt» vmsmx nmaum IH«NA BHUM OSSB ta_Pt 21/06 NANTA BHUM 94N Sit ?0/06 Wed 24/06 WANA BHUM 146S 23/6 PIYA BHUM'** 238N Sal 20/06 Ihu 2S/06 THANA BHUM Q6SB 24/6 27/6 VIKA BHUM lON Moo 22/06 Thu 25/06 SEMARANG/SURABAYA [MAHA BHUM# 1113f4 Wed
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    • 357 45 ®waai iwhn VSL VOY SINGAPORE MADRAS SINGAPORE KSSEI HOT SM MA* SHI TttK C*EU 20H In Port 24-2VOC 01-02/07 Itt* BMW 2WH 20 21/06 27 »/<* 04 05/07 rittß ST« 21H 24 25/06 02 03/07 0* 09/07 TIGM SPKD 210N 27-28/06 0* 06/07 11-12/07 ~VSL VOY SINGAPORE/CALCUTTA/SINGAPORE KSSU VOY SM
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  • Page 46 Advertisements
    • 1884 46 !fZW BLUE STAR LINE TO FROM 1 NEW ZEALAND AND T/S TO FIJI NOW OFFER DIRECT CALLS TO AUCKLAND 12 Days Transit Time Only First Available Vessel "Austalia Star" V 0522 ETA SIN 23/6 And ETA AKL 3/7 SINGAPORE TO PERSIAN GULF PORTS SM MCI DXB DMM KWT BAH HI
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    • 816 46 THONG SOON LINES PTE. LTD. 77 ROBINSON ROAD #15-00, #16 00 SIA BUILDING SINGAPORE 0106 TEL: *****88 FAX NO: *****11, *****22 TLX: RS ***** CARRIER, RS ***** JENHOL CABLE: TOSOCO j CONVENTIONAL/CONTAINER I CONTAINER SERVICES SINGAPORE TO WEST MALAYSIA SINGAPORE TO WEST MALAYSIA vtsstL vor ETI BEST VESSEL VOY SPORE
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    • 287 46 4E> PRO LINE LIMITED A CO., GmbH. HAMBURG CONTAINER/BREAKBULK SERVICE LOADWG FOR SOUTH AMERICA VOY SPORE DURBAN BARES MO SANTOS ROW B SOt PS/06 15/07 29/07 03/01 04/01 PRO AKANTICA SOT 11/07 24/07 07/01 12/00 15/00 POO VESSEL 510 31/07 15/00 29/00 04/09 05/09 MJO KCtflUt CMtt TO mmWHO NO
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  • Page 49 Advertisements
  • Page 49 Miscellaneous
    • 330 49 TIDES AND WEATHER TODAY'S TIDES (height in metres) HOUR 0000 0100 0200 0300 0400 0500 0600 0700 0800 (WOO 1000 1100 1?00 13C0 -..i JR 31 31 28 23 1 12 08 0b 05 ot> 09 i 4 IS i PP 30 30 28 23 17 12 0 7 05
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  • Page 50 Advertisements
    • 376 50 ULTIMATE FREIGHT SERVICES T «inV^NNauvljiM3fiH^ t HHHNiHM3MfiiiHUkBBfIMMMMH3iHUNNUUfcSLB9HK^^^^R AUSTRALIA al ports USA -Seattle, Portend, SFO, LA, New Yort HI al ports and al PI Points HK inciutfiftf China CANADA Caljarj, Edmonton, Montreal, Now Brunswick, BANGKOK feu* im Ww yw iwa. yaHprrUK iITTZk «ow Scotia, Quebec My. PACIFIC ISLANDS t—a. Pom, Lae,
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    • 404 50 COSCO UKC CONVENTIONAL SERVICE VESSEL PKL PNG P G LOADING FOR: A VESSEL 28/06 Rotterdam /Antwerp CHINA CONVENTIONAL SERVICE VESSEL PKL PNG P G LOADING FOR: QING RONG 12/07 Guangitnu/Huangpu COSCO FULL COMTAIMER SERVICES (FCL/FCL) EXPORT TO: CHINA/BANGKOK/HONGKONG EUROPE/CONTINENTAL WEST MEDITERRANEAN AUSTRALIA US WEST COAST PERSIAN GULF/KARACHI Please refer above
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    • 417 50 The Straits Times Weekly Overseas Edition HOME BROUGHT CLOSER f^JVeektyLCL Consolidation WRAS yffS imbay lyrWr tim CHITTAGONG 0 <S!S a a Fai^T 4 l£l i I WSV UAH HUAT SHIPPING CO (PTE) LTD. 10 Anson Road, #14-19/21 International Plaza, Singapore 0207. Tel: *****11 (16 lines) Fax: *****94 Tlx: RS *****
      417 words

  • Page 51 Advertisements
    • 1183 51 HYUNDAI MERCHANT MARINECO.LTD. Vl* FEEDER PACIFIC SOUTH-WEST SERVICE PWA* PKE* PGP* SX* ~TO USA VOY MO LBH OAK PAL/HOU CHI SIU WYC 02/06 27/05 29/05 05/06 H. CHALLENGER 51E 12/06 29/06 02/07 02/07 03/07 03/07 05/07 09/06 03/06 05/06 12/06 H. INNOVATOR 50C 19/06 06/07 09/07 09/07 10/07 10/07 12/07
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    • 455 51 STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO i HEAVY LIFTS INBOUND VESSELS *1 SMI HI ff N IK U TIAOS AUTO M ftl tl RA LAM 54 SID sui ueism n mr (MAM HON 27 21 6 MA 21/1 SUI MCOYA 71 21/1 21/1 IAAt BLAH II 28/6 COSMC MASTER
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    • 1109 51 SERVICE CALLS Ifr— F* F" I* iu lom [xou Idm lot, In |m law 2S£ w« a DIRECT EVERY ■WW I'M H/rn mm IMW »3t?lt K» M 12/S7 15/17 li/II li/tt U/t7 11/17 It/07 tl/t? WEDNESDAY A —t* M o MBW OPCOWfT *****7 IIH/I7 11/17 B/tl 22/17 22/17 21/17 21/17
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  • Page 52 Advertisements
    • 66 52 Every Saturday in Business Times f mmm ——j "fte Etecubve Housekeeper -this Usbel I O vKW, I wants is me. Bub I'll never neglect I V "tVife House, baby/ J Any Job. Any Career. Available any day. Any Time. Anywhere. The Straits Times The Sunday Times Business Times The New
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    • 5 52 Every Saturday in Business Times
      5 words