The Business Times, 1 October 1992

Total Pages: 52
1 52 The Business Times
  • 16 1 Business Times MITA (P) 35/12/91 Thursday, October 1, 1992 THE BUSINESS PAPER FOR S-E ASIA 75*
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  • NEWS SUMMARY
    • 68 1 BEIJING Chinese Premier Li Feng said yesterday that this month's congress of the communist party will be a political milestone for the country and give fresh impetus in the drive for faster reform. At a banquet honouring the Oct 1 national day,
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    • 43 1 TOKYO Japan's "kingmaker" Shin Kanemaru yesterday decided to remain at the helm of the biggest faction in the ruling Liberal Democratic Party in spite of his involvement in a widening money scandal, press reports said.
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    • 38 1 INSURANCE companies may have to fork out between $30 million and $40 million in claims for the collision between tanker Nagasaki Spirit and containership Ocean Blessing in the Straits of Malacca on Sep 20 Page 2
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    • 33 1 SINGAPORE'S construction boom may have peaked. A report to be released by the Construction Industry Development Board shows contractors generally expect the market to soften in the current half. Page 3
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    • 22 1 PRICES of HDB flats available for booking this quarter increased only marginally and some, in fact, have fallen. Page 3
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    • 28 1 TAIWAN plans a series of major trade reforms, including a cut in import tariffs, to gain membership of Gatt, government officials said yesterday Page 10
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    • 23 1 US President George Bush has proposed an unprecedented string of Sunday night debates with Democratic challenger Bill Clinton Page 11
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    • 34 1 SENANG Diri, the store which put out the line of "Fines of Singapore" T-shirts, will expand its range of fashionwear and its reach here and in the region Page 17
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    • 22 1 JURONG-based TechnoTransfer Industries has developed the first made-in-Singapore underwater robot to be used in oil exploration. Shipping Times Page 1
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  • MARKET SUMMARY
    • 42 1 WALL STREET prices were mixed in early trading yesterday. The Dow Jones average of 30 industrials slipped 0.81 in the first half hour and then turned slightly higher to show a 2.16-point gain at 3,268.96 after one hour of trading.
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    • 28 1 LONDON share prices were lower at midday yesterday. At about 1130 GMT, the FTSE 100-Share Index was down 18 points, or 0.7 per cent, at 2,547.5.
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    • 34 1 THE STRONG Singapore dollar and depressed freight rates depressed Neptune Orient Lines' interim results but sharply lower financial expenses helped keep the national carrier on an even keel. Page 4
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    • 36 1 RETAILER CK Tang Ltd could make a cash call on shareholders to fund its $130 million expansion programme, including two new stores in Singapore and another in Kuala Lumpur Page 4
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    • 33 1 AUSTRALIA'S largest company float, the As 2 billion (552.3 billion) sale of retailer Woolworths, was deferred yesterday due to poor market conditions as its owners reported massive losses Page 8
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    • Article, Illustration
      29 1 Wednesday Change BT-MGA 656.61 +0.31 Kuala Lumpur ....602.28 -3.65 Tokyo 17.399.08 -349.01 Hongkong 5,505.44 -74.48 Sydney 1,485.0 -2.7 Tuesday Change New York 3,266.80 -9.46 London 2,565.5 +5.5
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    • 24 1 Exchange rates USS SS 1.5920 100 Yen SS 1.3328 MS SS 0.6374 Money market rates Overnight 1 1/4% -1/2 3-month 1 1/2 -1/8
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    • 37 1 London GoM AM fix USS349.00 US$1.30 Rubber S'pore Oct.... 145.00*/kg +1.00 M'sia Oct 220 OOVkg +0.50 KL Tin Turnover 42tonnes -1 Spot MSI 5.62/kg -0.25 Crude palm oil Turnover 719 lots +270 Oct MS873 /tonne -3
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  • 751 1  -  Property and construction, hotels are star performers •Trading, manufacturing lag By Alvin Tay SINGAPORE Total earnings of Singapore's publiclylisted companies rose 15 per cent to $1.35 billion in the first six months of the year despite the slowdown in growth of the local economy,
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  • 230 1  -  By Soh Tiang Keng SINGAPORE Indonesian authorities are threatening to take illegal foreign insurance agencies to court, according to Jakarta press reports yesterday. Finance Ministry spokesman Bacelius Ruru said the measure was necessary to curb the increasing number of
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  • 522 1 Singapore operations not affected NEW YORK International Business Machines Corp will cut worldwide capacity and eliminate an additional 20,000 jobs on top of the 20,000 it announced earlier. The planned cutback worldwide was in response to "rapid changes in technology, shifting marketplace demand
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  • 196 1 NYT BRASILIA, Brazil President Fernando Collor de Mello was impeached on Tuesday by the Lower House of the Brazilian Congress, clearing the way for a trial on charges that his family and friends had accepted huge bribes in return
    NYT  -  196 words
  • 368 1  -  Nasdaq-listed shares appreciate 42pc in 2 months By Paul Leo SINGAPORE Homegrown Creative Technology, which made its debut on Nasdaq early last month, has continued to bowl US investors overs. Sincc its listing on Aug 4, the Singapore developer and maker of the Sound
    368 words
  • Page 1 Advertisements
    • 158 1 TBurberrysl HECD C/ JSOdßg* Reigns when it pours Loo^^^^oonnonooouooouomoou Ad Marketing 17 Jkt/Bkk/Chma Stocks 25 TV Radio 18 Arc raft Schedule 31 KLSE 23 Unit Trusts 22 Commodities 30 Money Changer Rates 31 Weather 31 Company News 4,6,8 Money Market 29 World News 11 Cryptic Crossword 31 Regional News 10
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    • 44 1 Hock Lock Siew Industrial firms can weather any steep downturn in second half, Pg 4 Analysis Companies find lower rates cut both ways, Pg 13 Clean Collor becomes Dirty De Mello, Pg 12 SES move to woo more MNCs gets mixed reactions, Pg 3
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  • PAGE 2 NEWS
    • 367 2  -  Straits of Malacca collision By Soh Tiang Keng SINGAPORE Insurance companies may have to fork out between $30 million and $40 million in claims for the collision between tanker Nagasaki Spirit and containership Ocean Blessing in the Straits of Malacca on Sep 20.
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    • 294 2  -  By Ramesh Divyanathan SINGAPORE Sembawang Maritime Ltd (SML) has denied that it towed a stricken oil tanker out of Malaysian waters against the orders of the Malaysian authorities. In a statement yesterday, it said that its subsidiary, Semco Salvage and Marine Pte Ltd, was
      294 words
    • 182 2 SINGAPORE Liu Thai Kcr. seen here (third from right) with members of his management team, wound up a 24year civil service career yesterday his last day as chief executive officer and chief planner of the Urban Redevelopment Authority. But like a true leader, he kept
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    • 250 2 Senoko fire the day after SINGAPORE The massive power failure which wiped out one-third of Singapore's total electricity supply on Tuesday is now under control. The Public Utilities Board (PUB) said yesterday that all the major industrial users asked to cut back
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    • 331 2  -  By Hong Lee Tiam SINGAPORE The Satay Club is moving to a bigger site right next to its present spot in the Esplanade Park and it will be privately run. The 22-year-old food centre, now run by the Environment Ministry, will make way
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    • 261 2 Reuter MOSCOW Russia's economic decline will slow next year and inflation will ease, its Economics Minister said yesterday in a cautiously optimistic outline of government strategy for 1993. "Next year, especially during the first six months, the decline in production will not
      Reuter  -  261 words
    • 416 3  -  CIDB report shows $3.6b of contracts, compared to $6.6b in first half By Chuang Peck Ming SINGAPORE The construction boom may have peaked. A report to be released by the Construction Industry Development Board shows contractors generally expect the market to soften in the
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    • 426 3  -  By Colin Tan SINGAPORE People intending to book an HDB flat this quarter are in for a pleasant surprise. Prices have increased only marginally and some have even fallen. The biggest increase is a relatively small 3.4 per cent, while the
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    • 305 3  -  Hongkong govt disappointed with outcome of tender From Stephen Vines in HONGKONG WHARF Cable Ltd yesterday emerged as the only bidder for Hongkong's first cable television network but may not get the licence. The company, which is part of the late Y
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    • 257 3  -  From Lee Han Shih in WUXI BOOST your higher education programmes if you want to catch up with the outside world in economic development, Senior Minister Lee Kuan Yew yesterday told Jiangsu provincial authorities. Speaking at an evening meeting with the Jiangsu
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    • 492 3  -  By Anna Teo SINGAPORE Plans to encourage more foreign listings on the stock exchange have drawn mixed responses from multinational corporations (MNCs), a quick check by BT yesterday showed. Companies contacted said the move to attract MNCs to the local bourse
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    • 258 3 Reuter BANGKOK Thai Prime Minister Chuan Leekpai's high-calibre economic team has won the confidence of the business community, which expects his coalition government to sustain economic liberalisation policies begun by his predecessor. Mr Chuan enlisted Thailand's top bankers and economists to help him
      Reuter  -  258 words
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  • Page 3 Advertisements
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    • 8 3 Thai firms look to neighbouring countries, Pg 10
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  • COMPANY NEWS 1
    • COMPANY BRIEFS
      • 57 4 SINGAPORE Alliance Technology Development Ltd reported net group earnings of $150,000 for the six months ended 30 June, a tenfold increase from $15,000 a year earlier. It said turnover jumped 63 per cent to $2.65 million, largely because of a turnaround in its new
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      • 48 4 SINGAPORE Guthrie GTS Ltd has acquired a shelf company in Malaysia through its wholly-owned subsidiary, Guthrie Construction Retrofitting (S) Pte Ltd. The name of the shelf company will be changed to GCR Construction Engineering Sdn Bhd. It has a paid-up capital of $2.
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      • 55 4 SINGAPORE Hong Fok Corporation Ltd yesterday fixed the conversion price of its warrants at 1.06 for each share a 20 per cent discount on the average daily price between Sep 23 and 29. Hong Fok had issued $60 million of unsecured floating rate notes due in
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      • 24 4 SINGAPORE Avimo Singapore Ltd appointed John Richard Yane as vice-president. Mr Yane, 48, was a director of the company from 1983-1987.
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    • 205 4 MBT KUALA LUMPUR Antah Holdings has reported a 33 per cent drop in group pre-tax profit to M 525.13 million (Ssl6 million) for the year ended June 30, 1992 from M 537.49 million in 1991. This was in spite of a 42 per
      MBT  -  205 words
    • 408 4  -  Sharply lower financial expenses help to keep carrier on even keel By Dexter Lee SINGAPORE The strong Singapore dollar and depressed freight rates depressed Neptune Orient Lines' interim results but sharply lower financial expenses helped keep the national carrier on an even
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    • 370 4 Horiguchi Engineering still in the red with 130,000 loss SINGAPORE The failure of American pen-based computer maker Momenta has hit another Singapore company. The latest victim, Scsdaqlisted Wepco, has plunged further into the red, due to its exposure to the US firm.
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    • 287 4 SINGAPORE Financially troubled Inno-Pacific Holdings has responded to several queries from British Malayan Trustees Ltd, the trustees of its loan stocks worth $35.89 million, on the computation of its gearing ratio. BMT wrote to Inno-Pac several times after the latter issued a statement on Sep
      287 words
    • 399 4  -  By Sylvia Wong SINGAPORE Retailer C K Tang Ltd could make a cash call on shareholders to fund its $130 million expansion programme, including two new stores in Singapore and another in Kuala Lumpur. "It's obvious we have to do something.
      399 words
    • 247 4 Bernama KUALA LUMPUR The Federation of Public Listed Companies Bhd (FPLC) wants a review of the definition of a bumiputra company. FPLC president Naquiyuddin ibni Tuanku Ja'afar said the definition of a bumiputra company should emphasise the control element rather than ownership. Speaking
      Bernama  -  247 words
    • 590 4  -  THE HOCK LOCK SEW COLUMN By Genevieve Cua SINGAPORE The 15 per cent growth in combined earnings of 111 listed companies in the first half this year is impressive and seems to defy the general trend of a slowing national
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    • COMPANY BRIEFS
      • 102 6 TOKYO Kobe Steel Ltd announced yesterday that it will list its shares on the London Stock Exchange today. The company said it wants to raise its profile in the European market and create new business for the Kobe Steel group. Kleinwort Benson Ltd
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      • 27 6 TAIPEI A Taiwanese woman starting the engine of an environment friendly motorcycle powered by batteries. The motorcycle was developed by a Taiwanese company.
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      • 77 6 WELLINGTON Corporate Investments Ltd said it was continuing its reconstruction programme with the help of its bankers. The firm reported a bottom line loss of NZ5119.2 million (*****.5 million) which included a NZ5129.7 million write-down in investments and assets. The bulk of the writedown, NZ596.3 million, came
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      • 62 6 TOKYO Japan's Kawasaki Steel Corp and Sumitomo Metal Industries Ltd said yesterday they would cut executives' pay from this month, citing poor business performances for the chop. It will be the first time that Japanese steel firms have cut the pay of their executive since
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      • 77 6 TOKYO A Japanese ham and sausage manufacturer says it will give you no bull unless you want one. Itoham Foods says it has developed genetic technology to provide for the birth of calves of a predetermined sex. The firm is a major meat vendor
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    • 422 6  -  Full-year results show losses reduced By Sylvia Wong SINGAPORE Metal Containers Ltd paid HK$ 10.21 million (SS2.I million) for 6.38 million shares in MC Packaging (Hongkong) Pte Ltd again, after selling its 20.17 per cent stake in the can manufacturer
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    • 245 6 Bloomberg HONGKONG Real-estate and investment company Paliburg International Holdings is being offered roughly HK52.80 a share for a controlling stake in its subsidiary, Richfield International, the companies said in a joint statement yesterday. The price is 152 per cent above the HK$l.ll
      Bloomberg  -  245 words
    • 448 6 Bloomberg HONGKONG A flotation by electrical and mechanical engineering company Shun Cheong Holdings has flopped disastrously with subscriptions received for only 11.47 per cent of the shares in its initial public offering. As a result of the failure the Hongkong market's worst for
      Bloomberg  -  448 words
    • 447 6 AFP SYDNEY Directors of Australia's beleaguered Westpac Banking Corp, under pressure to review the composition of the board, meet here today to rule off the books on a disastrous year. Westpac chairman Eric Neal indicated to reporters last Friday that the meeting would
      AFP  -  447 words
    • 272 6 Bernama KUALA LUMPUR Malayan Banking Bhd expects competition in the financial industry to intensify following structural reforms to increase efficiency, says chairman Hashim A man said. In the company's latest annual report, he said it expected large corporations to increasingly resort to private debt papers to
      Bernama  -  272 words
    • 611 6 MARKET TALK NYT TOKYO After falling for more than two and a half years, the Tokyo stock market seems to have partly recovered and stabilised, leading a growing number of economists and analysts to say the worst is over.
      NYT  -  611 words
    • COMPANY BRIEFS
      • 72 8 ROME Alitalia, the Italian national airline, said on Tuesday that its net loss in the first half of 1992 narrowed to 39 billion lira (5551.5 billion) from a loss of 104 billion lira in the first half a year earlier. Sales rose 22 per cent to
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      • 83 8 ARLINGTON, Vancouver Bell Atlantic Corp said its Bell Atlantic Network Services Group has offered its 16,000 managers the option to work at home, or "telecommute". The company said the decision to offer telecommuting came after 18 months of pilot programmes involving more than 100 employees. The
        83 words
      • 82 8 EINDHOVEN, Netherlands Philips, the world's largest lighting products maker, said on Tuesday that it has agreed to buy a 70 per cent stake in Japanese lighting manufacturer Kondo Sylvania. It said the acquisition, from Rondo's majority shareholder GTE Sylvania, should be completed shortly and had
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      • 46 8 LONDON Brent Walker Group pic said its pre-tax loss narrowed to £79.4 million (*****.3 million) in the first half of 1992 from £133.5 million a year earlier. The UK entertainment group said it lost 42.48p a share against 259.47p a year earlier.
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    • 416 8 Adsteam group announces loss of As746m Reuter SYDNEY Australia's largest company float, the As 2 billion (552.3 billion) sale of retailer Woolworths, was deferred yesterday due to poor market conditions as its owners reported massive losses. Woolworths' owners said a considerable amount
      Reuter  -  416 words
    • 361 8 NYT NEW YORK NCR Corp on Tuesday unveiled to reporters the latest version of its pen-based computer. The machine has a weight and a battery life that are roughly comparable to the version NCR introduced in the summer of 1991, but it possesses
      NYT  -  361 words
    • 380 8 FT NEW YORK Sears, Roebuck, the world's second-larg-est retailer, announced on Tuesday it was spinning off or selling a large part of its successful financial services operation in a huge restructuring that should reduce corporate debt. Analysts estimate the restructuring will cut
      FT  -  380 words
    • 285 8 NYT TORONTO The Toronto Stock Exchange has begun an investigation of whether a big Canadian real estate holding company failed to disclose properly an investment in some Olympia York properties in Manhattan. The investment, made three years ago, has only now come
      NYT  -  285 words
  • Page 4 Advertisements
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  • Page 6 Advertisements
    • 812 6 AMTEK ENGINEERING LTD (Incorporated in Singapore) vhidF ANNOUNCEMENT The Directors of AMTEK ENGINEERING LTD wish to announce the following AUDITED RESULTS FOR THE FINANCIAL YEAR ENDED 30TH JUNE 1992 GROUP COMPANY 1992 1991 1992 1991 ♦/<-> SSOOO SSOOO SSOOC SSOOO 1(a) Turnover 80 674 69 579 15 9 60 994
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  • Page 7 Advertisements
    • 143 7 > J TOKYO HONG KONG i S 'VY\ ;£i I Hi T I y/ SYDNEY /Csy\ 3 LONDON IE ,s» /ft NEW YORK DAIWA SECURITIES CLOCKS INTO SINGAPORE TODAY. Daiwa Securities (Singapore) Pte Ltd, a newly yr—- business globalisation, we serve your needs with our links incorporated member of the
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  • FINANCIAL NEWS
    • 379 9 Reuter JAKARTA While European central banks do battle with currency speculators, an undaunted Indonesia is passing more power to bank dealers to set the rate of the rupiah. Indonesia says it wants the banks to operate the market while the central bank. Bank
      Reuter  -  379 words
    • 346 9 Number Indicative Gross y. ar Coupon Amount Interest ol days of middle prices redemption Maturity Jgr rat A^ nl pa ym# nt .ccrued (excluding yield pa) 1 dates Interest accrued pa) Interest) 15.10.92 N*****1F1990 5 850.00 1 5/10 1 5/4
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    • 173 9 Reuter WASHINGTON US congressional Democrats charged on Tuesday that Salomon Inc merely got its "wrist slapped" over a 1991 Treasury bond scandal because much of the US$29O million (***** million) fine paid by the brokerage firm was tax deductible. Bush administration officials denied at
      Reuter  -  173 words
    • 260 9  -  By Shoeb Kagda SINGAPORE Schroder International Merchant Bankers Ltd (Simbl) has hived ofT its fund management business in Singapore under a separate subsidiary, in line with a global trend towards stand-alone companies. Schroder Investment Management (Singapore) Ltd, or Simsl, has taken
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    • 160 9 FT FRANKFURT Germany's cartel authorities on Tuesday ruled that Allianz, Europe's largest insurance group, does not have to scale back its 22.3 per cent stake in Dresdner Bank, Germany's second largest bank. The move reflects increasing competitive pressures in the German insurance market.
      FT  -  160 words
    • SMALL CHANGE
      • 69 9 SINGAPORE The Singapore International Monetary Exchange (Simex) has extended trading hours for its Euroyen contract by 20 minutes. Simex said yesterday. It said in its latest newsletter that it had decided to extend trading hours for the interest rate futures contract to better serve its
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      • 62 9 LONDON Sweden has cuts its key marginal interest rate to 24 per cent from 40 per cent, a spokeswoman for the central bank said yesterday. Early this month, it was forced to sharply raise its marginal rate to defend the kronor after Finland's decision
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      • 70 9 STOCKHOLM Swedish holding company Gota AB, owner of Gota Bank and Gota Finans, declared bankruptcy on Tuesday, claiming debts of up to five billion kronor (Ssl.s billion). The balance sheet presented by the board at the half-year report meeting on Tuesday showed that the company's share
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      • 75 9 NEW YORK. Deutsche Bank's North American trading results were aided by the recent currency market turmoil, Deutsche's North American unit's new head, John Rolls, said on Tuesday. "Currency turmoil is not a particularly good thing for the economy, but it can be very good for banks.
        75 words
      • 71 9 WELLINGTON The National Australia Bank Ltd has completed a book checking exercise on takeover target Bank of New Zealand Ltd and is satisfied with the New Zealand bank's net tangible assets. NAB said yesterday that it had received acceptances for 84.5 per cent of BNZ's
        71 words
      • 74 9 MANAMA, Bahrain Arab Banking Corp BSC (ABC), the biggest international Arab bank, yesterday said it may have to delay consolidation of its European branches and subsidiaries because of recent problems with plans for a unified Europe. Its president and chief executive, Abdullah Saudi, said that obstacles
        74 words
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    • 142 9 As Authentic As You Can Get From Sichuan. At Dragon City, you'll be pleasantly surprised at how deliciously original our Sichuan dishes are. Come and discover this unique taste experience. m Let our Sichuan master H Executive Chef Hsieh Chiu Lin lavish you with delicious Sichuan favourites such as 4/|
      142 words

  • THE REGION
    • NOTE BOOK
      • 108 10 HONGKONG Hongkong governor Chris Patten should refuse to sacrifice the colony's burgeoning democracy for a green light from China to build a new airport, British Liberal Democratic leader Paddy Ashdown said yesterday. "Sacrificing an opportunity to deepen the roots of Hongkong's limited
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      • 69 10 PERTH Indonesia's ambassador to Australia, Sabam Siagian, has rejected allegations that his country is using Australia as a dumping ground. Delivering the 1992 Herbert Cole Coombs lecture at Fremantle, near here, on Tuesday night, he said some Indonesian producers were concerned about growing charges of dumping
        69 words
      • Article, Illustration
        38 10 OLONGAPO, Philippines An Aeta tribesman and his son joining thousands of residents of this city in a symbolic farewell to US troops on Tuesday, before yesterday's handover of Subic Naval Base back to the Philippine government.
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      • 71 10 SYDNEY Australians are better educated, live longer and marry later in life than ever before, according to data released yesterday. The most detailed statistics reflecting social conditions here since 1984 showed that for the first time, life expectancy for women reached 80, which was six years
        71 words
    • 562 10 Tariffs to be cut, foreign firms to get more access to financial markets Reuter TAIPEI Taiwan plans a series of major trade reforms to gain membership of the General Agreement on Tariffs and Trade (Gatt), government officials said yesterday. Import tariffs will
      Reuter  -  562 words
    • 316 10 BANGKOK Thai companies, lured by business opportunities in southern China and Indochina, are increasingly investing abroad in an attempt to boost turnover and profits. Fearful of trade protectionism in North America and Europe, they are also contemplating further investments in the
      Source: Bank of Thailand  -  316 words
    • 275 10 Reuter JAKARTA Indonesian President Suharto has received the blessing of the country's powerful armed forces, virtually assuring his re-election as president, an office he has held since 1965. Armed forces chief Try Sutrisno effectively sealed Mr Suharto's sixth five-year term by saying on Tuesday
      Reuter  -  275 words
    • 226 10 Reuter HANOI The Vietnamese National Assembly yesterday passed a law on government structure intended to cut bureaucracy, make state bodies work more efficiently and give state leaders clearer powers and responsibilities. The Law on Government Organisation is designed to help flesh out a new
      Reuter  -  226 words
  • Page 10 Advertisements
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      181 words

  • THE WORLD
    • 599 11 iMßßElpfiilO After rejecting earlier calls, president asking for unprecedented Sunday showdowns AP WASHINGTON US President George Bush proposed on Tuesday an unprecedented string of Sunday night debates with Democratic challenger Bill Clinton as he worked to develop a come-from-behind strategy in his race for re-election.
      AP  -  599 words
    • 322 11 AFP WASHINGTON Democratic vice-presidential candidate A 1 Gore on Tuesday accused President George Bush of creating the conditions for the Gulf War through "bungling policies" that built 'up Iraqi President Saddam Hussein. The Tennessee senator said Mr Bush wanted the 'public to view
      AFP  -  322 words
    • 246 11 AFP CANBERRA Doctors around the world were involved in the torture of prisoners and human rights violations, a conference was told yesterday. Danish psychiatrist Marianne Kastrup, a member of the board of the Copenhaganbased International Research and Rehabilitation Centre for Torture Victims, said that
      AFP  -  246 words
    • 311 11 AP GENEVA The United States said on Tuesday that the European Community must agree to binding arbitration in a four-year-old dispute over oilseed subsidies or face massive international trade retaliation. Deputy US Trade Representative Rufus Yerxa formally asked the General Agreement
      AP  -  311 words
    • 231 11 FT BONN Almost one in three young German adults admits to being hostile towards foreigners, or at least being susceptible to xenophobic thoughts, according to a survey published on Tuesday. The rest of the nation's youth views antagonism towards foreigners
      FT  -  231 words
    • WORLD WATCH
      • 72 11 JOHANNESBURG The historic wine town of Franschhoek east of Cape Town has become the first place in South Africa to elect a non-white mayor with authority over whites, state-run television reported on Tuesday. Frank Arendse. a 38-year-old coloured (mixed-race) businessman, was voted in as
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      • 84 11 MOSCOW The Russian government will drop one of the last obstacles to foreign travel, the exit visa, on Jan I, and up to 20 million Russians are then expected to apply for passports, the Foreign Ministry predicted. At present, Russians must obtain an exit visa
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      • 98 11 NEW DELHI After rapid military growth in the 1980s, India's defence spending has declined sharply, touching the lowest level in three decades, a government-run institute said on Tuesday. The current fiscal year's defence budget would be the lowest in real dollar terms since the 1962 Chinese
        98 words
      • 99 11 KUWAIT Kuwaiti women demanded the right to vote during an unprecedented appearance at a public meeting on Tuesday by a candidate contesting elections for an all-male Parliament. About 400 women, some of them veiled, sat together on one side, partitioned from about the same number
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      • 75 11 PARIS France has issued a strong protest over plans by the US to impose anti-dumping levies on imports of some steel products from France, Germany and Britain, and questioned the American commitment to free trade. The Industry Ministry and Foreign Trade Ministry said on Tuesday that
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    • 337 11 It happens to all of us. Wc find ourselves unable to speak up when we really need to. We remain in the ranks of the "silent majority" the people who are never heard from while others dominate both thinking and action. And wc don't always know why. But whatever the
      337 words
    • 178 11 >* radisson^esortTcaslno PORT VILA, VANUATU INTERNATIONAL TAX HAVEN Vanuatu is a rapidly growing tourist destination with an undersupply of quality accommodation. The Radisson Royal Palms Resort and Casino is set on 15 hectares (37 acres) and comprises 168 rooms, restaurants bars, conference facilities, a nine hole golf course and Vanuatu's
      178 words

  • 508 12 EDITORIAL CHINA in full economic flight is a prospect that excites. Some 14 years after it began to reopen its economic doors, the world's most populous country has shown that it has the potential to reach the top flight of economic powerhouses. No doubt, that
    508 words
  • WHAT THE OTHERS SAY
    • 216 12 TWO READERS recently wrote to suggest that the foreign maid levy paid to the government be transferred to the maids concerned when they end their employment and leave Singapore. One argued that because Hongkongers are luring away experienced maids here with higher wages, paying the
      216 words
    • 172 12 THE GOVERNMENT'S invitation to Mr Chiam See Tong and his fellow opposition member, Mr Low Thia Khiang, to sit on the Cost Review Committee should be seen as a golden opportunity for them. First, they will have the opportunity to look at the figures and statistics
      172 words
    • 125 12 SOUTH KOREAN President Roh Tae-woo is being accompanied by thirty-seven top personnel from the commercial and industrial sectors on his visit to China. This shows that it is not only a foreign affairs initiative but also an economic strategy. The suspicion, and even hostility, between China
      125 words
  • REGIONAL VIEWPOINTS
    • 210 12 THE SUMMIT yesterday between South Korean President Roh Tae-woo and his Chinese counterpart, Mr Yang Shangkun, will be welcomed not just by people of the two countries directly concerned, but by the international community. The first summit between Seoul and Beijing ends four decades of hostility sometimes
      210 words
    • 170 12 ONE CONSPICUOUS LEGACY of the 1991 coupmakers' National Peacekeeping Council is in the Senate which is bloated with 270 members handpicked by the NPKC leaders. Now House Speaker Marut Bunnag, who is concurrently parliament president, wants to do something about it, particularly reducing the number of
      170 words
    • 105 12 NUCLEAR ENERGY is being seriously considered by the government as a fifth form of energy source, going by the statement by Energy, Telecommunications and Posts Minister Samy Vellu that Malaysia hopes to set up its first nuclear power generation plant in 10 years. It is
      105 words
  • 794 12  -  Tova Chapoval relates how the Brazilian president's star rose, and then abruptly fell, on the issue of corruption Tova Chapoval Reuter Fernando Coiior de Mello rode to presidential victory in 1989 promising to put the corrupt behind bars. Halfway through his term he faces
    Reuter  -  794 words
  • Page 12 Advertisements
    • 191 12 BUSINESS TIMES Toll free Tel No: 737 0043 Fax No: 734 3608 SALE OF ESPLANADE PARK FOOD CENTRE CONNAUGHT DRIVE rm I i zx :>> II /S /V<-MISTING// J ESPLANADE PARK XX I SATAY The URA s offering for sole on a 30-year lease by public tender a site at
      191 words
  • Page 12 Miscellaneous
    • 79 12 POONESBURY GARRY TRUDEAU n preparation fCRTH£B4G fl "4 RASGIONATE TXFBNDZR. OF 1 THIS ILLUMINATING ANP SSoKira I 7H£oMrwmfr„s&waz I pemy personal book rs fmsw?! KMie.UWUVWMnA*. I ALGORB IS NOtU CONVINCE? I REQUIRED REAPING ROR ALL PRETTY SHORT naujf? HAVEMJ THAT ~TH£ ENGMS OF HUMAN I WFO PBRC&V& THE URGENT BOOK.
      79 words

  • ANALYSIS
    • 2686 13  -  Good news for some, bad news for others. That's what low interest rates signalled for local companies, Alvin Tay finds, as he surveys listed companies' half-time results Alvin Tay LOW interest rates are a double-edged sword: they cut down interest expenses of companies,
      2,686 words

  • SPORTS 1
    • SIDE LINES
      • 116 14 COEUR D'ALENE, Idaho Chip Beck defeated John Cook on the ninth and final hole of the Merrill Lynch Shootout on Tuesday. Beck won the US$lOO,OOO (S$ 159,000) first prize in the 10-man U*****,000 event at the Coeur d'Alene Resort golf course. Under the shootout
        116 words
      • 121 14 BISMARCK, North Dakota Virgil Hill dominated fellow American Frank Tate from the opening bell to regain the vacant World Boxing Association light heavyweight title on Tuesday by a unanimous 12-round decision. Hill, who held the title from September, 1987, until losing it to Thomas Hearns
        121 words
      • 101 14 ESTORIL, Portugal Frenchman Alain Prost returned to Formula One with Williams on Tuesday by clocking the quickest time on a rain-hit day of tyre testing. Prost, three times world drivers' champion, was among the first men out after prolonged thunderstorms on Tuesday morning. He drove tentatively
        101 words
      • 124 14 LONDON Fiji, New Zealand, Australia and England are the top four seeded teams in the draw for rugby's World Cup Sevens competition in Scotland next year. The 24-team tournament will be at Murrayfield, the home of Scottish rugby union, from April 16-18, with around
        124 words
      • 84 14 LONDON Russia will very probably replace the Commonwealth of Independent States and Cuba takes Yugoslavia's place in next year's World Group of the Davis Cup. "Individual players' rankings will be used to make the changes," International Tennis Federation spokesman lan Barnes said on Tuesday. Alexander
        84 words
    • 734 14 Plans to play in up to 60 of Lakers' 82 games next season NYT INGLEWOOD, California Undaunted by his infection with the virus that causes Aids, Magic Johnson announced his return to professional basketball on Tuesday after a one-season absence. Johnson, who said
      NYT  -  734 words
    • 257 14 Reuter SEVILLE, Spain Diego Maradona looks set to make his return to league soccer this weekend, playing for Sevilla in a Spanish first division match at Athletic Bilbao. "If he feels up to it, he'll play on Sunday," Sevilla coach Carlos Bilardo
      Reuter  -  257 words
    • 790 15  -  Susan Tsang spent an eventful day last week at the Trophee Lancome tournament outside Paris Susan Tsang IT WAS a lovely day, not too cold, and even sunny at moments great for playing and watching golf. We set out to observe the action of the third
      790 words
    • 278 15 NYT NEW YORK With their exhibition match in Yugoslavia scheduled to resume yesterday, Bobby Fischer was leading Boris Spassky 5-2. This is admirable for a player who deserted the arena 20 years ago and is only now making a comeback. But at the same time, one
      NYT  -  278 words
  • Page 14 Advertisements
    • 95 14 OLS is the abbreviated form of ORIX Leasing Singapore Limited, the multi-faceted leasing company. OT is short for Odeon Towers, the all-new, elegant landmark on North Bridge Road. OT ORIX Leasing Singapore Limited is now located at Odeon Towers. Also moving to the same address: ORIX Investment Management Pte Ltd
      95 words

  • Page 15 Advertisements
    • 267 15 If your business requires Place MRT within a few minutes' the prestige of an address walk, the Lippo Building will f" "L in Raffles Place, within he as conveniently H the Central Business accessible as it is District, phis the exclu- I r| riAA u ava H impressive, with Z,fUU
      267 words
    • 1280 15 GUTHRIE GTS LIMITED (Incorporated in the Republic of Singapore) GUTHRIE GTS ANNOUNCEMENT The Board of Directors wishes to announce the following:UNAUDITED RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 1992 The Group The Company 1992 1991 WH 1992 1991 SS'OOO SS'OOO SS'OOO SS'OOO Turnover 247,088 43,160 572 1,216 656 85
      1,280 words

  • Page 16 Advertisements
    • 218 16 W T^iTW^aticitito&A**. .<l;*«—«,. {^w^gl .1 ~,-^BB ia| m 4 ,K tML;.- a'«Ms .;j~" J^^^^^BBBBb|^B^\^B^Bh^BLr~K ;i -4A" -~£JkM:- k,v f |i, M* i^jg^:*^ <:^MgL^Lß^pH^;^^^|^Bß^^B^v lifrfffeV ii J&, Kft.rr ■PWK J£. W -JBtm- 1 Ci. V m 1 I |MMy* L. jL i»* T 1 I v 1 1 «k HL Cm
      218 words

  • ADVERTISING & MARKETING
    • 475 17  -  Ignatius Low looks at the expansion drive of fashion store Senang Diri, known for its 'Fines of Singapore' T-shirts Ignatius Low SENANG DIRI, the store which put out the cheeky "Fines of Singapore" T-shirts, will expand its range of fashionwear and its
      475 words
    • 849 17  -  Deirdre Carmody gives a preview of what The New Yorker under Tina Brown will look like in its first issue Deirdre Carmody NYT FOR three months now, the talk of the town in New York has been about Tina's tightrope. How will Tina
      NYT  -  849 words
    • COPY LINES
      • 85 17 LI NING Sports Goods Co the namesake company of the former Olympic gold medalist has appointed Saatchi Saatchi China as its advertising agency, making it one of the first major domestic advertisers in China. The two-year-old sportswear and equipment maker, which is run by
        85 words
      • 56 17 HONGKONG'S Shiatos (HK) Ltd has set up a local subsidiary to oversee the retail operations of Van Cleef Arpels, the French jewellery line. Shiatos managing director Thomas Lee said Singapore was chosen because of the stable, growing economy, high standard o£ hying and
        56 words
      • 47 17 LOCAL AGENCY RS Advertising has won the $300,000 account for Fiat cars. The appointment by Auto Asia Pte Ltd takes effect from today and RS Advertising will, among other things, be looking after the launch of Fiat's new Uno and Tempra models.
        47 words
      • 58 17 ELECTRONICS giant NEC has unveiled a new logo to reflect its philosophy of merging computers with communication. Its new logo is a streamlined, bluecoloured version of the previous logo. "Through our new identity, NEC strives to provide 'thinking technology' to help societies worldwide towards deepened mutual
        58 words
  • Page 17 Advertisements
    • 96 17 This announcement appears as a matter of record only /H| Swiss Bank Corporation kS3 Schweizerischer Bankverein mm Societe de Banque Suisse Societd di Banca Svizzera P.T. INDO-RAMA SYNTHETICS Jakarta, Republic of Indonesia Swiss Francs 60.000.000 4 1 2 Convertible Notes 1992 -1997 due December 31,1997 Issue Price 100% Swiss Bank
      96 words
    • 79 17 <#•> BIJN/' MADE IN SWITZERLAND At the centre of the sapphire glass n a 0 25 carat diamond, mounted withou* visible setting This freely-suspendec diamond is made possible by a newlydeveloped laser-cutting technique with a one upon a million precision, a worldwide patent of Bunz. The dial of 950/-platinum is
      79 words

  • Page 18 Advertisements
    • 1161 18 Nothing Beats A Bud, where to wine, dine frlUNa or A FIRST FOR EXODUS EXODUS rated Malaysia's top entertainers after winning the group category in the 1991 Br _jf]\ Top of the Pubs competitionis bringing their exciting brand of music to Singapore. The talented Paul brothers will jjgv enthrall you
      1,161 words
  • Page 18 Miscellaneous
    • 619 18 TELEVISION AND RADIO l.lntergalacticalbattles r.- iia.-.. ass C 7 7.25 PM Opening followed by la- Motion. 7.00 CNN. BBC. 88.9 mHz in VHF Band II Mfignai C SSr ft lis <S«OX 7.30 C**.«Ca«oon,. tS-., 1.30 p.. S.OSp*. 1.05*1.: 800 Tta ">■<■■•« M> Dnii- 9.00 NmatNiM. 0.00 MaHnal Nm (M). World
      619 words

  • LIFESTYLE
    • 717 19  -  For the famed Russian ballet company, art and money are unlikely partners in a pas de deux. Kevin Morrison looks at how it tackles the issue Kevin Morrison Reuter Russia's famous Bolshoi Ballet is quickly learning how to dance to the tune of the
      Reuter  -  717 words
    • 371 19 AFP IN ANOTHER twist of history, 17 massive Har-ley-Davidsons symbols of the American open road thundered out of Ho Chi Minh City yesterday bound for the communist capital, Hanoi. The motorcycles, with their heavy chrome and distinctive throb, will take two weeks to cover
      AFP  -  371 words
    • 723 19 CHATTERBOX RUDOLF NUREYEV returns as a choreographer to the Paris Opera stage next month with a new production of La Bayadere, the 19th-century Marius Petipa classic which he danced to perfection in the *****. The dancer, 54, has attended rehearsals at the
      723 words
  • Page 19 Advertisements
    • 281 19 AND ENTERTAIN A Pasta Parade There's more to pasta than meets the eye. Savour pasta in a multitude of ways. Every Thursday Buffet Lunch from 12 pm at $19.50++ Buffet Dinner from 6.30 pm at $21.00+ For rucrvatioiii, pk mt call gMPAmPP 732-1222 ertention 1700 JIINOArvJKt: MOu m <«| ra
      281 words
    • 63 19 I i •*i'' J_ i j t r V ►'-^J-'^Si^'i^ff^i.Ss^jjjlSfc -4. >$*# With a distinct Italian feel, our next series comes with elegant touches like a scalloped 50 H edge and curves. Together with a unique hinged back, the Karisma is another example of the B Stentonw®*,#ol-62Twasury&***. comfort our chairs
      63 words

  • STOCK EXCHANGE OF SINGAPORE 1
    • 3865 20  -  By William Chia INDECISION took a small toll on Singapore share prices yesterday. Wall Street and Tokyo weakened, but their declines were not enough to spark much concern in Singapore, where buyers were not aggressive and sellers were not convincing either. Reflecting this, the
      3,865 words
    • Article, Illustration
      84 20  -  By Quak Hiang Whai UMW Holdings was capped at $3 until it broke out last month. The weekly chart shows that the stock had traded within a congested area last year with a solid base at $4, a level which should now provide immediate resistance. The high daily
      SOURCE: BRIDGE INFO  -  84 words
  • Page 20 Advertisements
    • 56 20 tmmmmmmmmmmmmmmmmmm* CALL MILANO'S HOT DELIVERY HOTLINE NOW! i 468-2222 i for mouth-watering Italian pasta, pizza, BBQ ribs, salads and more! 1 I Office/Home Delivery Hours: Daily from 11.00 am onwards (including Public Holidays). I FREE delivery for a minimum order of 10.00 $3.00 surcharge for delivery after 11.00 pm. i
      56 words

  • 3143 21 OCBC Foreign 1140 20 1.8% Roth Inds 50* 535 15 2.9% Hong Fok 153 +14 +10.1% GE l ife 1110 +10 H).n S1A Foreign 1440 +10 +0.7% Singmanne 50* 330 +10 3.1% Tat Lee Finance 172 +9 +5.5% S Reinsurance 145 +7 +5.1% Straits Trading
    3,143 words
  • Page 21 Advertisements

  • 3525 22 Perlis Plant 370 22 +6.3% H Leong Ind 50« 550 +20 +3.8% Dunlop Est CULS 273 +13 +5.0% Paramount 86 +9 +11.7% Uniphoenix 133 +6 +4.7% Dunlop Est 292 +5 +1.7% Gentings 50* 805 5 0.6% M Banking 605 +5 +0.8% Golden Hope 127 +4
    3,525 words
  • Page 22 Advertisements
    • 28 22 BUSINESS TIMES Toll-free Tel N0T737 0043 Fax No: 734 3698 EFFECTIVE RECRUITMENT ADVERTISING. irSONLY A CALL AWAY... Appointments or Notices, caN toH-free 737-0043 I The Straits Times I
      28 words
    • 425 22 STAMFORD TYRES CORPORATION LIMITED (Incorporated in the Republic of Singapore) Registered office: 21-A Lok Yang Way, Jurong, Singapore 2262 NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Third Annual General Meeting of the shareholders of the Company will be held on Friday, 16 October 1992 at 2.30
      425 words

  • KUALA LUMPUR STOCK EXCHANGE
    • 5391 23 Bernama SHARE PRICES in Kuala Lumpur ended lower yesterday as retailers dominated activity but a continuous power disruption affected trading extensively as orders could not be keyed in. The KLSE Composite Index slipped 3.65 points to 602.28 while the Industrial Index
      Bernama  -  5,391 words

  • BT SHARE INFORMATION SERVICE
    • 123 24 Mm bard Last Fal Year Firecast Data Net Net Profit EPS tmci Itm EPS Cms profit Range Caapaqr PmM test jr anting (cts) (VIM) (S$a) (eta) NOi I Sep 25 Dec 92 11.5 50TE 53.742 142-19 5 3 0—3 7 CM Last Fri Tear Forecast Mi Net Net
      123 words
    • 400 24 MM Ijst F«l Tear cmm HM Mi te EPS Cms IM ■MMtt tadwg (eh) *r profit tot par (SS OOO) EMS Final Nov 6 Jul 91 3 0TE 17,8781 NS Lmi Interim Aug 23 Dec 92 7.9 50 50.908 |jKS Intenm Sep 10 Dec 92 5.3 50
      400 words
    • 971 24 Current Ex Books Date Total lor Total for paymeot date dose payable the year last year tan, 5% (I) Sep 18 Sep 30 Oct 15 12 2* M| 50c 351(b) Sep 10 Sep 24 Oct 23 35% 35% BMT S10 100% Nov 12 Nov 24 Nov 26 140
      971 words
    • 562 24 Sep 27 OYL Industries has proposed to buy the remaining 49 per cent stake in Razatec, comprising 735,000 shares of Msl each for M 56.86 million. Sep 25 Resources Development Corporation has announced that companies associated with Temasek Holdings have sold 117,000 shares for $268,964, leaving Temasek with
      562 words
    • 260 24 Company Rights Issue Gotten Hope One-tor six (a, M$1 50 per share Ei-date Aug 27 Books dose Sep 10 Acceptance Payment Oct 22 MAS One-tor-one MJ5 00 per share Ex-date Sep 7 Books close Sep 21 Acceptance Payment: Nov 2 OUT One-for two $150 per share Ex-date Aug
      260 words
    • 342 24 Conversion Special Trdg Scriptess Conversion deadline Period Trading Com pan) starts (IDF) (ST) starts Ale* Hldgs Sep 28 Oct 22 Oct 12 Oct 22 Oct 23 Apollo Sep 14 Oct 8 Sep 28 Oct 8 Oct 9 BAT Sep 14 Oct 8 Sep 28 Oct 8 Oct 9
      342 words
    • 344 24 In local cutt In S$ la US$ d> S >t S dv S yr S dy S yr Sep 29 Index ch K t ihgc ihgt chgt World 378.9 -0.3 -7.2 -0.3 -7.6 0.2 -6.2 tEAFE 442.6 -0.6 -11.9 -0.1 -10.9 0.4 -9.5 Europe 396.3
      344 words
  • 610 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  -  610 words

  • CHINA STOCK EXCHANGES
    • 400 25 CLSA THE SHANGHAI domestic market lost ground yesterday, with the A Index easing 15.27 points to close at 2,460.84. Turnover was a slim 530,00 shares. The Shenzhen A market lost 60.21 at 2,460.84 with a healthier turnover of 5.5 million shares. The domestic markets have been
      CLSA  -  400 words
  • JAKARTA STOCK EXCHANGE
    • 984 25 THERE was little activity in the Jakarta market yesterday except for a large number of share crossings mainly for registration purposes rather than any real trades. The Official Index ended 1.53 points up to 298.32 but turnover fell to 2.26 million shares. "It's
      984 words
  • STOCK EXCHANGE OF THAILAND
    • 2086 25 Reuter BANGKOK share prices fell yesterday because investors were worried about a meeting between Stock Exchange of Thailand officials and brokers to discuss price manipulation, brokers said. The SET Index dropped 3.52 points 847.00 on a turnover of 10.74 billion baht. "People are
      Reuter; Source: Bridge Info  -  2,086 words
  • Page 25 Advertisements
    • 58 25 I II I I 111 I I H 1111 IH I I 111 II I I Find out in I I I I I H I I II I r I I I I VIII Personal Investment and Finance. 111 I |I H II Sl| I I I I Every
      58 words

  • TOKYO STOCK EXCHANGE
    • 2579 26 Reuter TOKYO stocks surrendered early gains to close weaker for the fourth consecutive day. Most investors, unnerved by the yen's continuing strength and deprived of fresh buying incentives, retreated to the sidelines, leaving the field to arbitrage sell programs, brokers said. "The yen's strength
      Reuter  -  2,579 words
  • STOCK EXCHANGE OF HONGKONG
    • 2465 26 Reuter HONGKONG share prices closed weaker for the third consecutive day yesterday but were off their lows on bargain hunting, brokers said. They noted that selling in the afternoon dragged the Hang Seng Index more than 100 points down to 5,473.69 before
      Reuter  -  2,465 words

  • AUSTRALIAN STOCK EXCHANGE
    • 2024 27 Reuter AUSTRALIAN shares closed slightly weaker after a day of aimless wandering yesterday, as book-squaring and readjustment of portfolios absorbed investors on the last day of the quarter. Options-related deals also dominated trade, but anticipated wild gyrations on futures failed to materialise. The
      Reuter; Source: Bridge Info  -  2,024 words
  • REGIONAL STOCK MARKETS
    • Seoul stocks flat despite healthy indicators
      • 860 27 iSEOUL STOCKS hardly moved yester- d»y in weak trade with prices remaining j stagnant in spite of the release of indi- cators showing a marked improvement in the economy. Brokers said political j uncertainties cancelled out any statisti- cal sign of recovery. j "The market should move on ecoi
        860 words
      • 455 27 STOCKS extended early gains yesterday to close sharply higher after technical buying of blue chips by institutional investors and brokerages helped to improve sentiment in the nervous market, brokers said. The Weighted Index rose 126.92 points to 3,524.21 on thin turnover of NT$l5.7 billion against NT$lO.B billion. "Buying by
        455 words
      • 556 27 SHARE PRICES rose in active trade for the second day in a row yesterday, bolstering hopes the bourse was breaking out of a prolonged consolidation, brokers said. The Manila Stock Exchange Composite Index ended 9.18 points higher at 1,404.54. "The market was strong. There was some selling but it
        556 words
      • 308 27 THE NEW ZEALAND share market closed slightly up on mixed prices yesterday but the focus remained firmly fixed on Fletcher Challenge. The forester endured further pressure, falling at one point to NZ$l.B3 before recovering at the close to be just four cents down at NZ$l.B7. "I don't think
        308 words
      • 98 27 Reuter THE Bombay Stock Exchange Index yesterday shot up by 100.79 points to 3,296.54 and the National Index advanced 30.63 to 1,470.43. Institutions and mutual funds bid up stocks to improve their books on the last day of trading before the close of the first half of the financial
        Reuter  -  98 words
      • 51 27 INDICES TURNOVER Cloae Plprtom +A" Sep 30 NEW ZEALAND NZSE-40 Capital 1,429.45 1,426.07 3.38 MANILA Composite Index 1,404.54 1,395.36 +9.18 Turnover (mil pesos) 447 440 7 TAIPEI Weighted Price Index 3.524.21 3,397.29+ 126.92Turnover (NTS billion) 15.7 10.8 +4.9 SEOUL Composite Stock Index 513.82 514.11 -0.29 Turnover (billion won) 124.58 129%
        51 words

  • WORLD STOCK MARKETS
    • US stocks end mixed in choppy trading
      • Article, Illustration
        1343 28 NEW YORK stocks closed narrowly mixed in choppy trading on Tuesday as portfolio managers did some end-of-quarter window dressing amid a fuzzy political picture and more evidence of a sluggish economy. The Dow Jones Industrial Average, which jumped 25.94 points on Monday, gave back 9.46 points to 3,266.80.
        1,343 words
      • Article, Illustration
        730 28 LONDON SHARE prices their cue from strong FTSE futures to end a downbeat Tuesday with modest gains. But analysts and dealers said this week's correction of the market's recent advance could still have some way to go. The FTSE 100-Share Index closed 5.5 points higher at 2,565.5. Volume was
        730 words
      • 236 28 FRANKFURT stock prices ended the Tuesday session mixed, as the DAX Spot Trend Index rose 0.1 per cent to 1,476.26, while the Commerzbank Indicator was off 0.2 per cent to 1,646.80 points. Operators said it was too early to talk about a "technical rally", but they expect a general
        236 words
      • 72 28 INDICES TURNOVER NEW YORK Clote n,..,i nwotts Sep 29 Dow Jones SAP 500 Turnover (million) 3,266.80 3.276.26 -946 ***** 416.62 +0.18 170.75 158.76 +11.99 LONDON Financial Times 30 FTSE 100 Turnover (million) unav 2.565.5 533 1,873.1 2,560.0 456.6 5.5 76.4 FRANKFURT DAX Index 1.476.26 1,475.04 1.22 AMSTERDAM EOE Index unav
        72 words
      • 362 28 THE PARIS Bourse dropped sharply on Tuesday as investors lost hope for any quick cut of interest rates, which they think is needed to relaunch economic growth, operators said. The CAC 40 Index was down 1.19 per cent at the opening, and was ofT by more than 3 per
        362 words
      • 368 28 ITALIAN SHARES ended mixed in slow trading on Tuesday as traders continue to watch the Italian political scene nervously. The MIB Index fell two points to 706. "Prices are just a shade either side of yesterday's," said a trader. "There's really nothing going on." Volume has dried up in
        368 words
      • 443 28 JOHANNESBURG share prices closed steady on Tuesday. Brokers investors were sitting on the sidelines until after month-end yesterday which marks the September quarter-end for unit trust funds. The Rosh Hashanah Jewish holidays also added to the lacklustre trade. The Overall Index ended two points off at 3,200 and the
        443 words
      • 421 28 NERVOUSNESS over the future of Canada pounded domestic markets on Tuesday, driving Toronto stocks down more than one per cent, dealers said. Prime Minister Brian Mulroney's warning Canada could break-up if a unity package is rejected in a referendum devastated the markets, they added. "People are just bailing out
        421 words
      • 473 28 Zurich Sep 29 Francs Alusuisse Br 385 1 Brown Boveri Br 3620 unch CS Holding Br 1950 unch CS Holding Reg 372 -5 Ciba Geigy Br 625 8 Ciba Geigy Ps 600 unch Ciba Geigy Reg 618 +6 Crossair Br 180 unch Elektrowatt Br 2000 30 Fischer Br 830 -45
        473 words
  • Page 28 Advertisements
    • 28 28 The Dutch, Zurich, Stockholm and Brussels market reports were not available. Dont miss I r after I 1 JFM^I When people want fast results they call C.A.T.S. 737-1166
      28 words

  • CURRENCY, MONEY & FUTURES MARKETS
    • 1171 29 REPORTS THE US DOLLAR hit a new closing low of 119.25 yen in Tokyo yesterday. The dollar opened in Tokyo at 119.20 yen. It dipped in early trade as low as 118.60 yen, a fresh Tokyo intraday record, and recovered mainly on short-covering,
      1,171 words
    • 417 29 Cross rates sepjo US$ S$ MS Dm Yen SFr A$ NZS USS 1.5925 2.4980 1.4070 118.80 0.5587 1.2240 1.4025 1.8622 in w SS 0.6279 1.5686 0.8835 74.5997 0.3508 0.7686 0.8807 1.1694 MS 0.4003 0.64 0.5633 47.5580 0.2236 0.4900 0.5615 0.7455 "Dm 0.7107 1.1318 1.7754 84.43 0.3971 0.8699
      417 words
    • 540 29 Interbank rates s$ Bid Offer Overnight I 1/4 1 3/8 1-month 1 3/8 I 1/2 2-month I 7/16 1 9/16 3-month 1 1/2 1 5/8 Overnight mode: 1-1/2 LSS Bid Offer 7 days 3 1/8 3 1/4 1 month 3 1/8 3 1/4 2 months 3 1/8 3
      540 words
    • 354 29 Knight-Ridder SINGAPORE South-east Asia's emerging interest in trading Europe's lower-pro-file currencies took a hit amid the turmoil that followed the crisis in Europe's exchange rate mechanism. Although the ERM crisis sparked unprecedented volatility here in the minor European currencies most notably Italy's lira and
      Knight-Ridder  -  354 words
    • 1491 29 SIMEX EWOOOUAJt Open High Low Sett Est Vol Act/Vol Op/Int Dec 92 96.85 96.89 96 85 96.88 7000 #84 ***** Mar 93 96 81 96.85 96.81 %.83 7400 9227 ***** 9 Jun 93 96.53 96.56 96.52 96.55 3600 2416 9106 9 Sep 93 96.18 96.21 96.17 96.19 1450
      1,491 words
  • Page 29 Advertisements

  • COMMODITIES
    • 330 30 Reuter TOKYO A recovery in Japanese stocks has not translated into restored confidence among local private investors in precious metals, dealers and analysts say. Investors are still shying away from actively buying Tokyo metals futures, prefering to take a wait-and-see stance especially on
      Reuter  -  330 words
    • 263 30 Reuter LIVERPOOL Large supplies of cotton in China are contributing to a bearish near-term price outlook, analysts at a cotton trade gathering said. "Most of the increase in (global cotton) consumption in 1992/93 is likely to be in China, but its huge stocks
      Reuter  -  263 words
    • 758 30 REPORTS HONGKONG: Gold closed at the day's high on late buying in line with a firmer close in New York, but trading was quiet yesterday, dealers said. "Gold was pushed up by a weaker US dollar," a local bullion dealer
      758 words
  • 1523 30 Rubber MS Commodity Exdu age (Mi ras closing as at 1pm) RAS (physical prices) RSS 1 Contract (S cents/kg) Buyers Sellers Gose Volume Open As at 12 noon (S cents/kg) Month High Low Sett (tonnes) Interest RSS 2 Oct 92 139.50 140. SON Oct 92 Nov Dec 0.00 143.75
    1,523 words
  • Page 30 Advertisements
    • 665 30 BUSINESS TIMES Toll free Tel No 737 0043 -Fax No: 734 3698 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 PURSUANT TO SECTION 290(2)(b) and IN THE MATTER OF AUGUSTUS ENTERPRISES PTE LTD (IN MEMBERS' VOLUNTARY WINDING UP) At an Extraordinary General Meeting of the above named Company duly
      665 words

  • 1269 31 City FKgM ETA Flight ETD AMafcto QF5 1955 SQ228 2050 »—1» RJ183 0005 •mMM SQ319 0715 KL838 2340 KL837 1340 Attorn SQ347 1755 Auckland BA11 1310 SQ288 2045 Bakrain GF148 0855 B Sari Bagawan BI453 1105 SQ182 0915 SQ181 1410 BI96 1405 BI429 2030 BI430 2125
    1,269 words
  • THE TRAVEL PAGE
    • 678 31  -  LETTER FROM PROVIDENCE By Nina Simonds THE SIGN at the entrance to the building reads "Johnson Wales, Culinary Archives and Museum", but the atmosphere is more reminiscent of a colourful Ilea market, where shelves and tables are overflowing with a hodgepodge of cooking equipment, prints and assorted culinary
      678 words
    • 150 31 As at 10am yesterday: Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.1313 1.1480 Canadian dollar 1.2617 1.2872 NZ dollar 0.8475 0.8650 Sterling pound 2.8360 2.8770 US dollar 1.5910 1.5990 Local dollars to 100 units of foreign currency Austrian schilling 15.65
      150 words
    • 52 31 Duration Title Venue Organiser Tel Nov 2-7 9th Hongkong Hongkong Headway Trading (852)827-5121 International Convention Fairs Ltd Fax: 827-7064 Furniture Fair Exhibition Centre Duration Tide Venue Organiser Td; Nov 3-4 Liberalisation London Tania Starley, 071-*****83 of European IBC Technical (fax) TelecommuniServices cations Nov 3-5 Electronic Data Birmingham
      52 words
  • Page 31 Advertisements
    • 46 31 It's amazing the lengths Finnair goes to ior just one price. Fly Finnair to Europe and we 11 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 Hart to Famish.
      46 words
    • 26 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
      26 words
    • 281 31 BUSINESS TIMES Toll free Tel No 737 0043 Fax No: 734 3698 THE COMPANIES ACT, CAP. 50 NITTO BUSAN (SINGAPORE PTE LTD (In Member*' Voluntary Liquidation) NOTICE is hereby given that the creditors of (he abovenamed company which is being voluntarily winding up are required on or before the I
      281 words
    • 291 31 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF BOOM TRADING COMPANY PTE LTD At an Extraordinary General Meeting of the Company held on Friday. 25 September 1992 at 36 Robinson Road. #15-00, City House. Singapore 0106 at 10.00 am, the following resolutions were passedSPECIAL
      291 words
    • 205 31 US 33,000,000 NEGOTIABLE FLOATING RATE U.S. DOLLAR CERTIFICATES OF DEPOSIT DUE 30TH MARCH 1993 STACO INTERNATIONAL FINANCE LIMITED A wholly owned subsidiary of Bank Degang Negara In accordance with the provisions of the Certificate, notice is hereby given that for the six month interest period from 30th September, 1992 to
      205 words
  • Page 31 Miscellaneous
    • 305 31 5 Equipment needed to —-HL—PV——VI— ~HI bring down an opponent? 3 8 It shades an antipodean, I I 1 I I 1 gay itinerant (8) MM MV 9 Weird business arranged B»__BB— 10 Turn upside down in stu- LJ pendous style (2-3) 13 I I T I I I 11
      305 words
    • 157 31 Singapore Outlook: Showers over several areas in the late morning and afternoon. Report: Maximum temperature 32.5 Assoc humidity 63% Minimum temperature 24.2 Assoc humidity 98% Hours of sunshine 7.25 Rainfall in mm Nil Rainfall this month 83.6 Rainy days this month 16 World report Asia-Pacific Hi/Lo* Cond. Bangkok 33/26 Cloudy
      157 words
    • 18 31 —v. BOTkIGR TO Till BRRIN/ \OF\NTS TO KNOUJ) UHH L)S£L.eSS ttPbRMRTiOJ VftSv/TH'.UG KjCfcK J V NEWSPAPERS LTD., IM2-IM2
      18 words

  • 430 32 Bundesbank council member says interest rates must stay high AFP, Reuter FRANKFURT Financial circles here do not expect the central council of the Bundesbank to cut key interest rates when it meets tomorrow, despite strong pressure for a reduction from
    AFP,; Reuter  -  430 words
  • 336 32 Reuter ROME The lira tumbled on international markets yesterday in a new crisis of confidence fuelled by rumours hotly denied by the government that Italy was planning a partial freeze on bank accounts. The Italian currency fell sharply when markets opened
    Reuter  -  336 words
  • 206 32 Reuter WASHINGTON Foreign copyright piracy of movies, music and audio recordings, computer software and books cost US firms US$l2 billion (Ssl9 billion) to US$l5 billion in trade losses a year, the US intellectual property industry said on Tuesday. The International
    Reuter  -  206 words
  • 194 32 AP, AFP BEIJING China and South Korea yesterday signed trade and economic cooperation agreements, capping the first summit between leaders of the former Cold War adversaries. Chinese President Yang Shangkun bid farewell to South Korean President Roh Tae Woo after the signing
    AP,; AFP  -  194 words
  • 362 32 Reuter NEW YORK Consumer confidence fell in September for the third straight month, a business group said on Tuesday in a report seen as bad news for supporters of President George Bush's reelection hopes. Analysts said the dismal job market was
    Reuter  -  362 words
  • 255 32 AFP NEW DELHI India aims to further free foreign trade, slash tariffs and make the rupee fully convertible as it continues on the path of economic reform, the Finance Minister said yesterday. Manmohan Singh said the government aimed to do away with state controls
    AFP  -  255 words
  • 827 32  -  The Bottom Line PAUL C ROBERTS PAUL C ROBERTS The writer is chairman of the Institute for Political Economy in Washington. Reproduced from Business Week International by special permission. Copyrighted by McGraw-Hill, Inc. All rights reserved. IN THE waning days of the Bush Administration,
    827 words
  • Page 32 Advertisements
    • 238 32 Nikon The World's Finest Photographic System Coopers Professional &Lybrand Education 1992 AS/400 Security And Audit Course For internal auditors, security managers and administrators, and other executives involved in information system security, control and audit of AS/400 systems. This two-day course is designed to cover all available M functions and commands
      238 words
    • 8 32 Trade in Europe's minor currencies slows, Pg 29
      8 words
    • 7 32 Bush proposes new debate plan, Pg 11
      7 words
    • 271 32 Nikon The World's Finest Photographic System Regulations for Banks and I Merchant Banks I A seminar for Operations and Finance Personnel In a dynamic environment, it is important to take a fresh look at regulations and assess their impact on banking operations. The seminar will address banking regulations and systems
      271 words

  • Shipping Times
    • 456 33  -  By Dexter Lee SINGAPORE Jurongbased Techno-Transfer Industries Pte Ltd has developed the first made-in-Singapore underwater robot to be used in the oil exploration industry. Designed and built locally under foreign supervision, the new robot called the Sealion Mk II marked a new phase
      456 words
    • 419 33 BANGKOK Thai Prosperity Terminal Co (TPT), a private port operator, expects the cargo volume passing through its facility in Samut Prakarn province this year to double. Methawee Laowiwatwong, a director, said that the company handled 35,500 TEUs (20-foot equivalent units)
      419 words
    • 866 33 Page Col ABC Containerize 12 1 Accord Group 8 1-3 APL 5 3-5 Alpha Feeders 6 1 ANL 3 1/2 Asia Cont Lines 14 5 ASCL 5 9 Avia Airways 9 3 Bait Canada Line 7 4/5 Bait Orient Line 7 4/5 Bank
      866 words
    • 270 33 Bernama-Antara UJUNGPANDANG Hatta Quay in the seaport of Makassar in South Sulawesi will be renovated and extended 100 metres to the west using more than US$4O million (Ss64 million) in aid from Japan. The project will double the quay's accommodation capacity to
      Bernama-Antara  -  270 words
    • 252 33 SINGAPORE A 20-mem-ber delegation from Japan will arrive in Singapore later this month to promote the Port of Tokyo among shipping lines and shippers here. Besides port officials, the delegation also comprises trade representatives from the warehousing and freight forwarding industries.
      252 words
    • 384 33 AP NORFOLK, Virginia Two salvage groups squared off in federal court on Tuesday with rival claims to wreckage left after the luxury liner Titanic sank in April 1912. A group headed by Texas oilman Jack Grimm filed a claim in US District Court in
      AP  -  384 words
    • LOG BOOK
      • 94 34 KATHMANDU Rescue workers found a loaded pistol in the wreckage of a Pakistan International Airlines (PIA) Airbus yesterday, but ruled out initial suspicions that it could have been part of a hijacker's baggage. The pistol and five live rounds of ammunition were flown
        94 words
      • 76 34 MUSCAT Oman and Iran have agreed to set up a direct air link between their two countries as part of efforts to reinforce trade relations, the state-run Omani news agency ONA reported on Tuesday. The two countries also agreed to set up a joint firm
        76 words
      • 89 34 HYDERABAD, India At least 70 people were feared drowned on Wednesday after a ferry sank as it carried workers home to their village on the Gautami River in southern India. About 100 people were on board the ferry on Tuesday night when it left the
        89 words
      • 119 34 TOKYO The Indian Oil Co (IOC) will receive between 800,000 and one million tonnes of Saudi Arabian crude from a major oil company in a three-way deal with Russia, sources here and in India said yesterday. An official at the lOC, India's national oil company,
        119 words
      • 80 34 CHITTAGONG, Bangladesh (AP) Two ferries carrying 300 people disappeared on Tuesday in the Bay of Bengal after being attacked by pirates, police and survivors said. Fishermen rescued about 25 people who jumped into the sea after the pirates opened fire at the two boats, said
        80 words
      • 68 34 LONDON The tanker Briolette is under tow for Subic, Philippines and was due to arrive on Monday, according to Lloyd's Intelligence. The tanker will undergo repair to fire damage in the engine room. The Briolette had been enroute from Ardjuna to Dalian laden with about
        68 words
    • 774 34 THE tanker market on Tuesday saw rates increasing slightly for modern very large crude carriers from the Persian Gulf with worldscale 48 being paid for a 240,000-tonne cargo for Japan discharge. Idemitsu took the 1988built World Prince for an Oct 13, 240,000-tonne cargo from the Persian Gulf to
      774 words
    • 1364 34 The European shipping conglomerate prefers to look beyond its own continent to world markets in its search for salvation International Transport Journal AS THE world waited for the results of the French referendum on the Maastricht Treaty, with half the opinion formers of Europe gathering in
      International Transport Journal  -  1,364 words
    • 906 34 THIS twice weekly report, compiled 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
      906 words
    • 10457 42 This is a list of ships loading at Singapore for ports around the world. It tabulates, by destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. LEGEND PN: ship calls at Penang after
      10,457 words
    • 3157 47 A« Containerline NV: Belsin Shpg Agencies Pte Ltd (SyManne Handling Sdn Bhd (PK/PN). Accord Group: Accord Shpg Pte Ltd (SVAccord Contr Line (PK/PN). Adkris Business Corporation Philippine Calsouree Shpg Trdg Pte Ltd (S) Ahrenkiel Liner Service: Kim Shpg Trdg(S). Albatros Sea-Air Service: Frata Shpg Pte Ltd (S). Alfred
      3,157 words
    • 259 47 Abacus C ouriers Tel: 545-8011. Fax: *****98. Air Express Travel Tel: 533-5771. Fax: *****44. Airborne Freight Corporation Tel: 542-8844. Fax: *****16, *****80. Airswift Worldwide Courier Tel: 278-0188. Fax: *****83. AJS Supplies Tel: 748-6322 (2 lines). 747-7421. Fax: *****75. City-Link International Tel: 344-3377. Fax: *****50. Cluster Link Supplies A
      259 words
    • 1467 47 Abex Express Freight Tel: 542-7171. Fax: *****84. Actinic Forwarder Tel: 225-1833. Fax: *****42. Activair Singapore Tel: 542-7821 Fax: *****20. Aerolink Freight International Tel: 545-8033. Fax: *****05. Aerospeed Tel: 542-5911. Fax: *****18. Air Cargo Novo Express Tel: 542-5454. Fax: *****06. Air Express International Tel: 542-7666. Fax: *****74, *****50. Air
      1,467 words
    • 3369 48 ALBANIA Durres: Four vessels in port of which 1 general cargo discharging, 1 to commence loading. 1 to load wine. 1 to discharge bagged Hour. ARGENTINA Labour working normally. Buenos Aires: No congestion; 1 vessel waiting for deep draft berth to discharge fertiliser, berthing delay of 1-2 days.
      3,369 words
    • 844 48 SHIP SALES TANKER RATES The information was contributed by Simpson Spence Young VESSELS ON OFFER Bulk Carriers Donpafu: 68,110 dwt and built August 1983 Imabari; Newcastle NSW Sep 27-29 loading coal Brisbane Sep 30Oct 2 Muroran Oct 16-17 Hachinohe oct 19-20 Yokkaichi Oct 22-23, discharging coal at all ports after
      The information was contributed by Simpson Spence & Young  -  844 words
    • 513 48 ARRIVALS DEPARTURES mi 1 r>P* LTA 1 Fro Op Flight Type E ID I To TODAY TODAY SU* «38?7 B747F ?730 rPH/llVR KAL RE69? B747F 0440 1 BKK CLX B747F I LSI S,A B7 7F 0715 2 DXB/LON KAL KE685 Aw' SEL/MNI S,A SQ902 B747F 2,15 2
      513 words
    • 288 48 CRUISE FERRY SCHEDULES CRUISE SHIPS Ait Pep Name of Vessel ETA ETD Ports of Calls Port Agent Telephone No OCTOBER 01 01 Mikhail Sholokhov 0900 2100 Cruise-to-Nowhere Jardine Shpg Agencies 320-0395 02 07 Nippon Maru 0900 1700 SEA Cruise Mitsui OSK Line 225-2311 03 04 Mikhail Sholokhov 1500 1100 World
      288 words
    • SHIPS IN PORT
      • 664 49 fryN. -ft Arm* rt Pekcm SH015* P01A 30 09/1900 30 09/2300 £*f!2 ,S 7 L, akM s ,e 01 10/2300 Sachem/L 30/92* P01A 3009/1300 3009/1800 P"*, 2 fi 6 01 10/0600 Sacora/L 30/92* FU1A 01 10/1300 01 10/1800 L J c Jion K srie 01 10/1000 Saudi
        664 words
      • 143 49 If. ,4 KMIOfC rOfT Berth: 1: Meiaka Jaya, Thang Long; 2: Mandalay; 3: Pan Trader; 4: Talana; 5: Pernas Suasa; 6: Johan, Kris Teras*. 01 jtttf. Jo Lind. DC* Meridian Star. Out on Sop 30: Al Debaran, Warembungan, Stiver Pride, Soon Hin, Sri Nam Hua 111, Embo,
        143 words
      • 1579 49 Fum n TTTT 3 l.'l J 9* Voy No LmiJL Venabu 27-027 29.09.92 0745 OOCL Freedom 46E COO(EST) 30 09 92 1500 Piya Bhum 252N 29.0992 0815 Lhotse 429 COO(EST) 30.09 92 1500 Enno B 87N 29.0992 1030 Anson *****N COO(EST) 30 09.92 1500 D Sentosa 84M 29.09.92
        1,579 words
    • 981 50 Oct 5 6: Conference on Quality Control in Asian Shipping, organised by IBC Technical Services Limited at the Marina Mandarin. For further details please contact IBC Technical Services at tel: 732-1970 or fax: 733-5087. Oct 13-16: Seatrade Asia-Pacific Cruise Convention, organised by Seatrade. The event will take place
      981 words
    • 486 52 State will initially retain 51 pc ownership UPI MOSCOW Aeroflot, the monolithic airline that once enjoyed an uncontested monopoly on air travel in the former Soviet Union, is bowing to the inevitable. Aeroflot directors announced plans on Tuesday to create a private company out
      UPI  -  486 words
    • 161 52 UPI MADRAS Air-India, the state-run international carrier, has decided to invest US$l billion (Ssl.6 billion) in fleet modernisation, a senior airline official said. Air-india commercial director M P Mascarenhas said the carrier would buy more Boeing 747-400s. Mr Mascarenhas, however, did not disclose the
      UPI  -  161 words
    • 179 52 Bloomberg WASHINGTON Excluding special charges, net operating income at America's Class I freight railroads outpaced the recession and posted a 12.4 per cent gain in the second quarter, the Interstate Commerce Commission said. The nation's 13 Class I railroads each have at least US$25O
      Bloomberg  -  179 words
    • 414 52 Bid to change US policy to clinch US$ lb deal NYT WASHINGTON Boeing Co has tentatively agreed to sell nearly US$l billion (Ssl.6 billion) of commercial jetliners to state-owned Iran Air, if American policy changes to allow such exports, two Boeing spokesmen
      NYT  -  414 words
    • 445 52 AP STUTTGART, Germany Porsche AG, Germany's troubled luxury sports car maker, hit by a sharp drop in sales, said it planned to cut 1,000 more jobs by next July. The privately-held company blamed the layoffs on the continued lack of
      AP  -  445 words
    • 186 52 Bloomberg CHICAGO Gatx Corp said its finance subsidiary is adding US$6O million (Ss96 million) to its US$73 million loss reserve and will record a loss for the third quarter and for the year. George Lowman, a spokesman for the company, said US$4O million
      Bloomberg  -  186 words
    • 339 52 The PIA crash AP KARACHI, Pakistan A delay in Frankfurt, Germany, saved the lives of 13 Europeans booked on a Pakistan International Airlines flight that crashed in Nepal. They arrived in Karachi on Monday evening about four hours after PIA Flight 2680 slammed into a
      AP  -  339 words
  • Page 33 Advertisements
    • 37 33 P&O looks beyond Europe for long-term growth, Page 2 Aeroflot's international division to go private, Back Page Um« and urvicM represented Members of tho Registry of Accredited (*O?SMV\ gg For advertising enquiries, contact Shipping Times Tel 740-2089/740-2090
      37 words
    • 99 33 THE FAMOUS on^> ■iMIIIgm 224 1833 For more information please refer to Pg. 13 All our valued customers please note our new general agents in Singapore effective October 01,1992 are: INTERCONTINENTAL MARITIME (PTE) LTD International Plaza #30-12 10 Anson Road Singapore 0207. Telephone *****11,*****06 Fax *****43 Telex RS432O9INTMAR Cable INTMARIT
      99 words


  • Page 35 Advertisements
    • 2897 35 00CL < s > PTE LTD JARDINE SHIPPING AGENCIES Atll#* BOOKINGS TEL: *****34 *****58 ■■lllf TERMINAL/CFS TEL: *****18 220 PCOfiuSn PESAKA JARDINE SHIPPING AGENCIES SDN. BHD. V*V# A m PORT KELANG TEL: *****18 FAX. *****91 *****88 pk j»- n i;*, C«nii«z> PENANG TEL: *****4 FAX: *****1 CFS TEL: *****6 Dedicated
      2,897 words
    • 1466 35 Find out how sellers are reaching out to buyers in Advertising and Marketing. Every Thursday in BT (EW Hi UNITED ARAB SHIPPING (SAG)! [IM VSI/VOY SIX NYC I BM. ORF I S*V~ H UDOM »1» Ml VII 7/11 1/11 M/U nwH ii/ii n/u 23/n i«/ii 29/11 H IMTI ft VU
      1,466 words
    • 1442 35 WEEKLY DIRECT CALL TO NAGOYA SEA LAND DEVELOPER V.174E ETA SIN 5/10/92 ETA NAGOYA 15/10/92 Vessel Voy ETA ETO Feeder by s~ DESTINATIONS cy" ""t to oockTMßS***"*'* 9209 CFS 5/10 2359 MRS JOH LPK PEN OAK LOB HOU MEM ATI MIA CHS BAL PHL NYC MON TOR MAYVIEW MAERSK 9208
      1,442 words

  • Page 36 Advertisements
    • 1341 36 VOY NO S PORE JEDDAH S'HAMTON H'BURG LE HARVE jH2EIS3 KURAMA 18/139 1/10 10/10 24/10 20/10 19/10 L Mi WESTBOUND FRANKFURT EXPRESS 64/339 4/10 21/10 23/10 26/10 27/10 HUT trn HIM I fWMM LA SEINE 26/140 8/10 17/10 31/10 27/10 26/10 CMflf! to LK /CfWT*I«T KASUGA i 23/340 11/10 28/10
      1,341 words
    • 463 36 FCL Breakbulk Service to: AFGHANISTAN MAM Afghanistan Ltd., Sote Foreign Forwarder in Kabul for all services C.1.5.-Vottochny, Vladivostok, Moscow, Tashkent, Kiew, Minsk, Riga, Baku North Korea t Vietnam Mongolia Hungary CSFR Poland ocwans AGENCIES (FAR EAST) LTD NOUAKCHOTT-BANJUL-BISSAU-LUANDA-BATA Feeder Vessel rr acm f VILLE DE CANOPUS 03/ 10 VILLE DE
      463 words
    • 1510 36 Blwaaaia axis REGULAR INDEPENDENT FULL CONTAINER SERVICE VSL/VOY SIN ALQ BCL* HAM BRE# ROT ANT# FEL LHA I NORASIA SUSAN 9230-3 29/09 21/10 23/10 25/10 26/10 26/10 27/10 2S/10 29/10 NORASIA SHARiAH 9231-3 05/10 21/10 30/10 02/11 03/11 04/11 05/11 06/11 07/11 I HANK ARROW 232W 11/10 02/11 03/11 09/11
      1,510 words

  • Page 37 Advertisements
    • 2032 37 jjj STRAITS SHIPPING PTE LTD 10 Hoe Chiang Road #11-01 Keppd Towers Singapore 0208 Tel: *****88 Fax: *****17 ACCEPTS CARGO DUE SAILS SINGAPORE PHOMM PENH KRIS Ml RUM WOtt KR. Sktn. law 02-03 Oct 03 Oct 05 Oct ARK IS PRMCISS V 9207 07 Oct 12 Oct RAJAH BROOKE VI7E
      2,032 words
    • 2599 37 SINGAPORE AGENT: PAtifQin £k**c* P&O Containers (Singapore Agencies) Pte Ltd I t¥| w fllllCl 10 Hoe Chiang Road #07-01 KEPPEL TOWERS. SINGAPORE 0208 www w TeJ 225 2233 TeJex RS ***** PNOCSP Fax; 225 5327/222 7517 P»" CR Number: **********0Z i EXPQRj^^^^^ VESSEL VO* "PNG -PKO UN ALO SOU AMT
      2,599 words

  • Page 38 Advertisements
    • 654 38 CR NBR **********0-D EXPRESS SEMI CONTAINERSHIR SERVICES TO EUROPE Wl/WY STOK ROAM AO AM HDUtG BREMEN ANTNEXf KUTM/26N6 913/10 J/11 15/11 20/11 23/11 MIMAM/33M) 25-21/11 30/12 2/1 5/1 10/1 FAST TRANSIT TIME ACCEPTING BREAKBULK/CONTAINERISED CARGO Subpct to lnduc«m*nl. Also accepting cargo to Casablanca, Port Said, Port Alexandria, Oanoa. Triaata. ALSO
      654 words
    • 1479 38 OHANJIN SHIPPING rat VSI SM UK HAUL LB OAK EM VSI SM |UC HAU SAV 1M NTC HAMM SMGAPORE 0071 4/10 OKCT 25 10 28/10 FISHGUARD BAY 21 IN 5 10 M AMERICA 0054 12/11 13/11 15/11 NAMJM LI HAVRE 01K 11/10 DHCT 111 411 HAMM C»CM ol7t 12 10
      1,479 words
    • 1208 38 A-TrFTHHT^ Im wr use me ms rus wi osk net m ttouucwbm mtcum m n iw w pb cm ru sgp I GENTRY RE 042 i/10 7/11 12/10 14/1111/10 11/10 20/10 22/10 a/10 24/10 21/10 0/11 10/11 20/11 21/11 1/12 2/12 J/12 4/12 S/12 15/12 25/12 20/12 10/12 a«T RE
      1,208 words

  • Page 39 Advertisements
    • 1927 39 NEPTUNE AGENCIES PTE LTD SINGAPORE TEL: *****77 (CR NO: **********0E) BOOKINGS (FOR ALL NOL SERVICES) NEPTUNELINK TEL *****00 (TOLL-FREE) USA SERVICE TERMINAL OFFICE *****22 mm mmm FAR EAST SERVICE *****00 IMPORT CFS F9: *****69/*****96 UK/EUROPE SERVICE (TOLL-FREE) EXPORT CFS F9: *****53/*****50 aust/india/pak service NEPLINE SDN BHD MALAYSIA NEPTUNELINK TEL: (03)
      1,927 words
    • 1088 39 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD BOOKING: *****51/ *****64/ *****06 (FESCO LINE) ENQUIRIES: *****33 MARINE INSURANCE SERVICE: *****87/ *****87 KL: 03-*****75/697 PORT KELANG: *****43/ *****40 JAKARTA: *****57 PENANG: *****4/ *****8 JOHORE BAHRU: *****1/ *****1 (REGULAR INDEPENDENT SERVICE) FULL CONTAINERSHIP SERVICES I EASTBOUHD-OtSCHAMNG WESTBOIC-LOADHG TRAHSHPTED ROTTOIDAm" ww Is» |n> mc
      1,088 words

  • Page 40 Advertisements
    • 1649 40 ASAGENTS: KAWASAKI SINGAPORE (PTE) LTD ICR No: **********0 M) 14 W »WT TEL- *****77 TELEX: KAWAJCIRS23I6S FAX; *****07/^9 I I Pj MALAYSIA: 'K* UNE MARTTIME (MALAYSIA) SDN BHD Jl ftrr TELSASSO24OO PK*****01/5 PENANG632O2O JB *****1 ■■■■I KAWASAKI KISEN KAISHA, VTD INDONESIA: P.T. SARANA LAUTINTERNUSA TEL JKT *****76. *****77, *****08 A
      1,649 words
    • 1047 40 PHILI-ORICNT LIN€S PT€ LTD 108 Robinson Road #07-00 GMG Building Singapore£l Tel: *****22/*****69/*****00 Telex: R*****0 FAX: *****76/*****38^ CfijS BY AIR, LAND OR SEA... /flfe m WE TAKE ON THE WORLD FOR YOU MEMBER OF SINGAPORE FREIGHT FORWARDERS ASSOCIATION_____ 8 OCT SYDNEY, MELBOURNE. BRISBANE, FREMANTLE 2 OCT AUCKLAND, WELLINGTON, LYTTLETON, NEW
      1,047 words

  • Page 41 Advertisements
    • 1095 41 aaagPlf PACIFIC INTERNATIONAL LINES (PTE) LTD m 140 Cecil Street. #03-00 PIL Building, Singapore 0106. Tel: *****33 CR NO: **********0E riAKARTA ~l lAHQkOk I ,0» SM JKT MM fSSHZ T« T» BUMOA*T°EBATA« 403 uio O/IO IS/10 •WBAMUT (THAI FLAQ) SRM7N 8/10 t/10 11/10 BUNuA TcRATAI 403 8/10 0/10 13/10 FQTFRfIIiAAf
      1,095 words
    • 1418 41 P IPGUDANJ rkELANGI OCCAN.SI I:>J 1 PTMi? HAM 3 G:T ;4 j g 2/10 2/10 3/10 6ENARTY 2392 6/10 23/10 25/10 26/10 28/10 E 9/10 9/10 10/10 ALSIA 2402 13/10 30/10 1/JJ 2/11 4/11 0 16/10 16/10 17/10 BEN A VON 2412 20/10 6/11 8/11 9/11 11/11 E 23/10 23/10
      1,418 words
    • 269 41 I °BSA° TRANSPORTATION M MYANMA pBBk FIVE STAR LINE (Myanmar National Line) Loading for Yangon (Rangoon) Spore P.KIf Pen P.Gdj MANOALAY V3SN SM In P» PATHEM *119* 4/5 Oct In Pt HPA-AW VlB2* 20/23 Oct PAGAN VII7W 13/16 Oct NIGERIAN NATIONAL SHIPPING LINE VKP NIGERIA EXPRESS SERVICE RIVER MAJE V.SO
      269 words



  • Page 44 Advertisements
    • 1233 44 CONGRATULATIONS Best Wishes to The People and Government of The People's Republic of China on the occasion of their National Day From: SHIPPING PTE LTD YICK FUNG SHIPPING ENTERPRISE CO LTD 2, Mistri Road, HMC Building #15-00 Singapore 0207. 62 Cecil Street, T.P.I. Building #02-00 Singapore 0104. <iO I TO
      1,233 words
    • 277 44 SAMUDEJU INDONESIA (S) PTI LTD 15 McCALLUM STREET #03-01/02 NATWEST CENTRE Singapore 0108 Tatnc R*****0 T«fc *****# 1-3 Fax 225 4935, *****36 FOR BOOKINGS CALL DIRECT LINE TEL: *****41/*****43 SM/JAK SERVICE VESSEL VOY SIN JAK LAWANTI 979 02/10 (FRI) 05/10 (MON) PELOPOR 1048 03/10 (SAT) 06/10 (TUE) MAJESTY 910 03/10
      277 words

  • Page 45 Advertisements
    • 615 45 FAMOUS CONTAINER LINES —10 ANSON RD. #15-21 INTERNATIONAL PLAZA, S PORE 0207 HOT LINE: *****33 (24 LINES) LIMASSOL/PIREAUS 4/10 ROTTERDAM 4/10 HAIF A/ASHDOD/ ALEXANDRIA 4/10 HAMBURG/BREMEN 4/10 MARSEILLE/FRANCE 4/10 FELIXSTOWE/UK 4/10 BARCELONA/SPAIN 4/10 LEHAVRE/ANTWERP 4/10 GENOA/ITALY 4/10 GOTHENBURG/SCANDINAVIA 4/10 LOS ANGELES/WC/IPI 4/10 SYDNEY/MELBOURNE 5/10 NEW YORK/EC 4/10 FREMANTLE/ADELAIDE 15/10 VANCOUVER
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    • 675 45 CXa HCHFIELD MARINE AGENCIES (S) PTE LTD fil TEL: *****33 (12 Lines) I=l FAX: *****15/*****03 p-hq TELEX: R8 ***** RISHIP (3 Lines) Klti ETHIOPIAN SHIPPING LINES (National Lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL VESSEL IVOY ETA LOADING FOR SPO«E A NONET 2SWB It/« 0 DARESSALAAM MOMBASA. DJWOUTI ASSAB MASSAWA
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    • 486 45 ■1 JAKARTA BANGKOK 1««L m m I m \mm.' i BEHiA BHUM 4CS 03 10 00/10 IARU BHUM 44N Frt 02/10 Ml 05/10 NANA BHUM 101S 07/10 10/10 RANT A BHUBI 109N Sst 03/10 Wsd 07/10 ill PIYA BWUOO## 253N Mwi 05/10 Thy 01/10 NANA OWN IS2S 14/10 I|WIA 127N
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    • 327 45 ra-Srn" VBL VOY SMOAPOfIE MADRAS SMGAPOfIE KSa WT S» IMA SSI nan MX 35* 12-03/10 09-10/10 Tiff* SPEED 224N OMt/lO 1113/10 10-20/10 ran stm m omo/io m-is/io 21-22/10 ran mdgi m 1211/10 10-20/10 27-20/10 VSL VOY SMQAPOK/CALCUTTA/SMQAPOnC KSSL «0T 9R CM. SX TBI ma 157 CM 07-00/10 10-11/10 24-25/10 UGLE
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  • Page 46 Advertisements
    • 1542 46 P£lmac-nels groupage I Jv/ JPENANG: (04) *****6 SIBU: (084) *****9 KUCHING: (082) *****3 P-KELANG: (03) *****77 JAKARTA: (21) *****32 SURABAYA: (31) *****0 HKG/TWN/BKK I GOTH/U.K/MED PORTS PEN PKL SIN PEN PK SIN 4/10 5/10 6/10 Hone Konf Ldn/Fh/Rdm/Ant 8/10 9/10 10/10 7/10 8/10 9/10 Hone Konj G'bwi/C'haien/STHJIm/Oslo 4/10 5/10 6/10
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    • 294 46 BLUE STAR LINE SINGAPORE TO AND FROM NEW ZEALAND AND PACIFIC ISLANDS SM AKL LYT SM PREMtR 20S 2/10 14/10 16/10 1/11 MULKRA 29S 15/10 27/10 29/10 15/11 AUST STAR 0530 26/10 7/11 9/11 26/11 FULLY CONTAINERISED SAILINGS DISCHARGING AT AUCKLAND, LYTTELTON, ACCEPTING FCL LCL FOR NEW PLYMOUTH. NAPIER, WELLINGTON,
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    • 1144 46 THONG SOON UNES PTE. LTD.] A 77 ROBMSON ROAD #15-00, #16-00 SIA BUHDMG SMGAPORE 0106 TEL: ***** M FAX NO: *****11, *****22 TLX: RS ***** CARRER, RS ***** JENHOL CABLE: TOSOCO SINGAPORE TO SARAWAK SINGAPORE TO WEST MALAYSIA VESSEL |VT [STORE IICST VESSEL VOT SPIRE P. gtjjjC EQUATOR GRACE 65/92E
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  • Page 48 Advertisements
    • 137 48 UP* LIVING IT ffi&f EACH WEEKEND, put up your executive feet, and let us shuffle through your imagination. We usually tread lightly, but even when we don't, you'll know you're alive after that exciting, exacting or simply emaciating week of work. So don't throw in the high-flying towel, or take
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  • Page 49 Advertisements
  • Page 49 Miscellaneous
    • 424 49 TIDES AND WEATHER TODAY'S TOES (height in metres) HOUtOONOINO2UQ3NO4MOSNQ6NO7NONOO9NUNIINI2NI3NI4NISNI6NI7NUNUN2ON2IN22N23N 19 2.4 26 2.6 2.3 1.8 1.3 1.1 09 1.0 U 1.8 2.5 19 30 24 13 1.7 12 0.7 0.5 0.4 0.5 0.8 PP 1.9 14 2.5 15 2.3 18 1.3 1.0 09 09 12 1.8 15 2.9 3.0 2.8
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  • Page 50 Advertisements
    • 348 50 1 Wfek LIAN HUAT SHIPPING CO (PTE) LTD. I 10 Anson Road, #14-19/21 International Plaza, Singapore 0207. Tel: *****11 (16 lines) Fax: *****94 Tlx: RS ***** AB LENHUAT v Daily receiving cargo at Pasir Panjang Terminal PT4 Tel: *****97 FULLY CONTAINERISED AND CONVENTIONAL SERVICE TO MYANMAR (TANGON) VESSEL ETA ETD
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    • 211 50 KCTaflJl CONTAINER LINF V \i [MMHiMJ Jl BANGKOK MANILA^;> FAR EAST WEEKLY ji V.. fl CONSOLIDATION Crvp i \y HONG KONG JAKARTA S KEELUNG/KAOSHIUNG MANILA T •BUSAN PENANG/PORT KELANG X V f 1 BANGKOK TOKYO/YOKOHAMA/KOBE J S J Tel: 538 0155 OWENS CONTAINER LINE (S) PTE LTD 133 New Bridge
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  • Page 51 Advertisements
    • 1126 51 1 A HYUNDAI I MERCHANT MARINE CO. LTD. WESTBOUND TO EUROPE VESSELS PHA+ PKE+ I SI I ATM ANT* LEH* HAM BREt FEL SI. FREEDOM 301W 09/10 09/10 11/10 30/10 30/10 31/10 31/10 31/10 03/11 SI. MAMCR 301W 23/10 23/10 25/10 13/11 13/11 14/11 14/11 14/11 17/11 H. EXPLORER 302W
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  • Page 52 Advertisements
    • 88 52 Every Saturday in Business Times L o<^v<> Stories on labour and its relationship with management, management concepts in practice, profiles of leading managers in Singapore and relevant book reviews. ENTERPRISE MANAGEMENT, in Business Times every Monday, is must reading for managers who want the competitive edge. Plus an occasional look
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    • 5 52 Every Saturday in Business Times
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