The Business Times, 12 May 1992

Microfilm: NL18201
Total Pages: 52
1 52 The Business Times
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  • Title Section
    Masthead
    16 1 Business Times THE BUSINESS PAPER EOR S-E ASIA MITA (P) 35/12/91 Tuesday, May 12, 1992 75*
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  • NEWS SUMMARY
    • Article
      Malayan Banking raises fixed deposit rates
      70 1 KUALA LUMPUR Malayan Banking Bhd. Malaysia's largest bank, raised interest rates for one to 12-month fixed deposits to between 8.1 per cent and 8.25 per cent with immediate effect, a bank spokesman said. One-month fixed deposits will now fetch 8.1 per cent, three-month 8.15
      70 words
    • Article
      Bonn's March trade surplus up sharply
      57 1 FRANKFURT A sharp rise in exports helped tatten Germany's trade surplus in March, reflecting an upturn in global demand and leading economists to forecast a further strengthening of the country s trade position. The pan-Ger-man trade surplus nearly doubled to 4.9 billion marks (Ss4.9billion)
      57 words
    • Article
      Assurance on plan
      38 1 INDUSTRY watchers and Japanese businessmen in Singapore say Tokyo's plan to spend more on its infrastructure is simply a bid to kickstart its economy and will not hit Japanese businesses abroad P a 8 2
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    • Article
      Target growth
      29 1 JAPAN must achieve 3.5 per cent growth in gross national product in the fiscal year ending March 31, 1993, says Miti Minister Kozo Watanabe Pa e 2
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    • Article
      Property prices down
      27 1 REAL-ESTATE prices in South Korea have finally started coming down, due largely to forceful government measures to cool off the overheated sector Page 8
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    • Article
      Bigger Aussie deficit
      39 1 THE Australian government yesterday forecast that the budget deficit for this year and next will be much larger than expected, sparking a sell-off in financial markets worried about how the shortfall will be funded Page 8
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    • Article
      Third World boost
      36 1 THE US economy, badly in need of bright spots, is gaining strength from an unlikely source: the Third World, where purchases of American goods rose 15 per cent last year p «B e9
      36 words
    • Article
      Safer passage
      36 1 FERRY passengers are assured of an even safer passage through Singapore's harbour now that the Port of Singapore Authority (PSA) has started to launch a new set of satety measures. Shipping Times Page 1
      36 words
  • MARKETS SUMMARY
    • Article
      Dow higher
      26 1 WALL STREET stocks advanced yesterday, with the Dow Jones index of 30 leading industrials rising 10.29 points to 3,379.70 one hour into the trading.
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    • Article
      Footsie higher
      32 1 LONDON share prices were higher at midday yesterday, on demand from international investors. At 1100 GMT, the FTSE 100-share index was up 11.9 points, or 0.4 per cent, at 2,737.6.
      32 words
    • Article
      Threat removed
      36 1 THE DECISION by unit holders of an investment fund to dissolve their 19.7 per cent stake in Malaysia's MultiPurpose Holdings Bhd (MPHB) has removed any immediate threat of a takeover of the conglomerate 3
      36 words
    • Article
      Steady debut
      27 1 SHARE PRICES of Sesdaq debutantes Swens Asia Pacific Ltd and PCI Ltd held up well in a dull market yesterday, closing above market expectations 3
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    • Article
      Birla in tie-up
      24 1 THE Birla Group has tied up with one of India's biggest state-owned firms to float a joint venture P*B e 4
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    • Article
      Decision this week
      34 1 BRITAIN'S Takeover Panel will decide this week on an appeal by Lloyds Bank to get Midland Bank to surrender confidential financial information provided to HSBC Holdings pic, Hongkongßank s parent 7
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    • Article, Illustration
      STOCK INDICES
      28 1 Monday Change BT-MGA 705.58 -3.50 Kuala Lumpur 603.97 -1.74 Tokyo 18.608.09 +232.14 Hongkong 5,632.34 +24.15 Sydney Friday t nange New York 3.369.41 +604 London 2,725.72 +23.8
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    • Article
      CURRENCIES
      31 1 London Gold am fix USS336.50 US$1.65 Exchange rates I, s c SS 1.6485 i oo Yen s$ 1.2385 ss 0.6499 Money market rates Overnight 3/4% -l/£ 3-month 3 3/16% unch
      31 words
    • Article
      COMMODITIES
      13 1 sSJTjune.. 141.75«/kg -1-25 vrsiaJune... 218.50*/kg -0 50 KLTin +0.17 -404 MS877 /tonne
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  • Article, Illustration
    Santiago takes early lead, followed by Ramos, Cojuangco
    459 1  -  Philippine election From Al O Labita, Evangeline Gamboa OUTSPOKEN Miriam Defensor Santiago, the ex-judge who electrified voters with an anti-corruption platlorm. has taken a surprise early lead in the race to succeed President Corazon Aquino, according to unofficial tallies yesterday. Mrs Aquino's
    459 words
  • Article
    S'pore Telecom plans to buy 20pc stake in Bakrie unit
    525 1  -  Deal will give it immediate access to potentially huge Indon market By William Chia SINGAPORE Singapore Telecom is planning to take a strategic stake in the electronics subsidiary of Indonesian conglomerate Bakrie Group to give it access to the country's
    525 words
  • Article
    Property prices unlikely to fall, say analysts
    641 1  -  Sales of some new condos, however, still slow Bv I Lilian Ang, Alvin Tay SINGAPORE Prospective home buyers who have been waiting on the sidelines in anticipation ot a drop in private property prices later this year may be in for a big
    641 words
  • Article
    Citicorp Vickers and J Dallas to merge stockbroking units
    392 1  -  By S N Vasuki SINGAPORE In what could be a sign of the times. J Ballas Holdings, controlled by tycoon Ong Bcng Seng, and Citicorp have decided to combine their stockbroking operations. The new entity will have a strong foothold in
    392 words
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      Page 1 Advertisements Column 1
      98 1 Nikon The World's Finest Photographic System. 'I 26 Crypt* Crossword 31 Money Market 29 World News Editorial 10 Rs B K)nal News 29 sT* 9 1 21" El sussr—s Interbank Fore* Rates 29 Sports 14 I ***** Fan 733 5271 AN Objmt OK DKSIHI: L'Qbjct D'Am IN ANY L\».U/M j
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      Page 1 Advertisements Column 2
      9 1 Exclusive interview with ex-Cambodian PM Son Sann, Pg 2
      9 words
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      Page 1 Advertisements Column 3
      55 1 Nikon The World s Finest Photographic System Telecom nets $6.1 m less under time-based charge scheme, Pg 2 Cartler r r 1 aiiier Boutpje/ 1 SINGAPORE 1 Palais Ranalaaanca, #01 -03. 390 Orchard Road Tel: *****93 Hilton International, #01 -04. The Shopping OrcharCl Road. Tel: *****95 Lucky Plaza, #01 -36,
      55 words
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  • PAGE 2 NEWS
    • Article
      Tokyo's move not likely to hurt investments abroad
      492 2  -  By Chuang Peck Ming SINGAPORE Industry watchers and Japanese businessmen here say Japan s plan to spend more on its infrastructure is simply a bid to kick-start its economy and will not hit Japanese businesses abroad. Many think the plan to beef
      492 words
    • Article
      Lock icon Japan must achieve 3.5pc growth in the year ahead: Miti
      221 2 Reuter TOKYO Japan has to achieve a 3.5 per cent growth in gross national product in the fiscal year ending March 31, 1993, Kozo Watanabe, the minister of the Ministry of International Trade and Industry told an economic conference yesterday.
      Reuter  -  221 words
    • Article
      Telecom nets $6.1m less with time-based charges
      283 2  -  By Dexter Lee SINGAPORE Contrary to earlier widespread belief, Singapore Telecom has not made more money from the switch to time-based charges for local calls. In fact, the recently-cor-poratised board collected $6.1 million less in revenue in the last five months than it
      283 words
    • Article
      Lock icon International bank business revived in late 1991: BIS
      339 2 Reuter BASLE International bank activity began to revive in the fourth quarter of 1991, the Bank for International Settlements (BIS) said. In its quarterly report, embargoed for release last night, the BIS the central banks' central bank said international lending by reporting
      Reuter  -  339 words
    • Article, Illustration
      South African businesses eager for trade with Singapore
      380 2  -  By Salil Tripathi SINGAPORE South African businessmen are "raring to go", says the man who organised the first official South African delegation to Singapore since sanctions against his country were lifted. Graham Limerick, the South African Foreign Trade Organisation's general manager for
      380 words
    • Article, Illustration
      Cambodian leader alleges Viet infiltration
      516 2  -  An exclusive interview with Son Sann By Harish Mehta SINGAPORE Former Cambodian Prime Minister Son Sann, who heads a non-Communist Cambodian faction, last week told Singapore leaders about large-scale infiltration into Cambodia of Vietnamese troops disguised as civilians. Mr Son Sann, president of the Khmer
      516 words
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      Page 2 Advertisements Column 1
      81 2 Editorial, Page 10 A BOU> DEVELOPMENT lUS p t»IM lit"< <-: VSJHI^I I >:; 1 fIBHI I |;sa! .^aH 1 r»? >' fi!■ s. > I USHKShI Easy access via ECP and AYE 5-minute walk j^ from Taiyong Pagar MRT Column-free office 1 0, space Computerised building management j/ '""*&>
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      Page 2 Advertisements Column 2
      7 2 Advertising Marketing in Business Times every Thursday
      7 words
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      Page 2 Advertisements Column 3
      69 2 ft flfti— INVESTMENT I OPPORTUNITY IM CHINATOWN I POOP ALLEY HQJ TO BE MISSED! I *32 units of guest rooms and j I restaurant space I I Located within the Chinatown I I conservation zone I I Price on application I I For iong term lease y I I Sole
      69 words
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  • COMPANY NEWS 1
    • Article
      F&N and Coca-Cola sign long-awaited deal
      412 3  -  By Sylvia Wong SINGAPORF Fraser Neavc l id (F&N) and The Coca Cola Company yesterday announced the tormation of a joint venture company to take over the two giants' soft drink businesses in Singapore, Brunei and Malaysia. Following a memorandum of understanding signed in
      412 words
    • Article
      Takeover threat against MPHB lifted
      672 3  -  HOCjK^ By Leslie Lopez KUALA LUMPUR The decision by unit holders ot an investment lund to dissolve their 19.7 per cent stake in Malaysia's Multi-Purpose Holdings Bhd (MPHB) has removed any immediate threat of a takeover of the conglomerate. But industrv executives say that MPHB
      672 words
    • Article
      UOB confirms purchase of 8 million UIC shares
      290 3  -  By Kooi Cho Teng SINGAPORE United C Overseas Bank (UOB) con- h firmed yesterday that it was ri the buyer of eight million v United Industrial Corpora- tl tion (UIC) shares last Friday, a Bank deputy chairman t Wee Ee Cheong said
      290 words
    • Article
      M Credit shareholders to get valuation of properties
      357 3  -  Report expected to give company's NTA a boost By Lee Han Shih SINGAPORE The dwindling number of Malayan Credit Ltd shareholders still holding out on Cycle Carriage's (CCL) takeover offer will soon be getting something they have been waiting a long time
      357 words
    • Article
      Swens and PCI make better-than-expected debut
      340 3  -  Bulk of trade consists of married deals By Genevieve Cua SINGAPORE Share prices of Sesdaq debutantes Swens Asia Pacific Ltd and PCI Ltd held up well in a dull market yesterday, closing above market expectations. But the bulk of the trade in the two
      340 words
    • Article
      Birla Group to float joint-venture company
      367 4  -  New refiner seeks funds from overseas Indians By Salil Tripathi, Helen Chang SINGAPORE The Birla Group has tied up with one of India's biggest state-owned firms. Hindustan Petroleum Company, to float a jointventure company called Mangalore Refinery Petrochemicals Ltd (MRPL), which is seeking funds
      367 words
    • Article
      Lock icon Sun Hung Kai plans Beijing shopping mall
      201 4 South China Morning Post HONGKONG Sun Hung Kai Properties is to build a HK$2 billion (***** million) shopping mall at Beijing's Dongan Market, one of the largest department stores in China. The company signed a letter of intent with Beijing Dongan Group last
      South China Morning Post  -  201 words
    • Article
      Petronas unit raises US$139m loan to help finance tankers
      384 4  -  By Dawn Tan SINGAPORE Petronas Marine Sdn Bhd has raised U*****.5 million (*****.8 million) from the offshore capital markets to help finance three of five new liquified natural gas (LNG) tankers. The loan, signed in Kuala Lumpur yesterday, was one of
      384 words
    • Article
      Lock icon Bermuda plans international stock exchange, targets HK firms
      311 4 South China Morning Post HONGKONG Bermuda plans to launch an international stock exchange and will target Hongkong firms domiciled in the colony. Legislation to set up the exchange is due to be passed by July. A total of 140 Hongkonglisted companies are
      South China Morning Post  -  311 words
    • Article, Illustration
      Tan Chin Tuan to retire as chairman of Straits Trading
      396 4  -  By Quak Hiang Whai SINGAPORE Former OCBC Bank chairman Tan Chin Tuan will retire as chairman of Straits Trading Co Ltd this month after 27 years in that post. As reported, he is also stepping down as chairman of Great
      396 words
    • Article
      UOL to make $I.Bm claims adjustment
      204 4 SINGAPORE Publiclylisted United Overseas Land Ltd (UOL) said yesterday it will make a $1.8 million adjustment to its accounts with regard to claims against one of its subsidiaries pertaining to the Orchard Bel-Air development. A UOL statement said an arbitration court awarded Ahong Construction
      204 words
    • COMPANY BRIEFS
      • Article
        Tokyo exchange to delist Lee's shares
        83 6 TOKYO The Tokyo Stock Exchange (TSE) will remove failed household products maker Lec Inc from its second section on Aug 11. a TSE spokesman said yesterday. Lec has applied to the Tokyo District Court for protection froni its creditors and the court has accepted
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      • Article
        Hoare Govett Japan staying put
        88 6 TOKYO Hoare Govett Japan Ltd is not withdrawing from Japan as stated by a company official on Friday, the securities firm said yesterday. Hoare Govett Europe, which includes Hoare Govett Japan, is in final negotiations with ABN AMRO Bank, a unit of ABN AMRO Holding,
        88 words
      • Article
        NZ's Lion Nathan shares rise
        59 6 WELLINGTON Continued interest from Australian buyers pushed Australasian brewer Lion Nathan Ltd 15 NZ cents (550.13) higher to NZ54.75 at the close —up 36 per cent since its year's closing low of NZ$3.4B on Jan 10. The rise coincided with a fall in the share
        59 words
      • Article
        Pacific Dunlop wins China deal
        94 6 SYDNEY Pacific Dunlop Ltd said its Olex Cables division has won a contract to be the prime contractor in a As3o million (5537.1 million) telecommunications project in China. The project will link the cities of Chengdu, Xian and Zhengzhou with optical fibre. Subcontractors are the
        94 words
    • Article
      Lock icon Two rival groups agree to split royalties for HDTV system
      493 6 NYT WASHINGTON Signalling that the race to develop a standard for American highdefinition television is in its homestretch, two of the four rival groups agreed in principle last week to hedge their bets by splitting royalties, if either of them
      NYT  -  493 words
    • Article
      Lock icon US chief executives' earnings hit new highs
      580 6 Reuter NEW YORK The pay of corporate America's chief executive officers hit new highs in 1991 despite the recession, slimmer profits and massive layoffs, Forbes magazine says in its latest issue. Forbes said 407 of the chief executives at the country's 800 largest
      Reuter  -  580 words
    • Article
      PepsiCo seeks assurance on Moscow accord
      479 6  -  From John Helmer in Moscow A SENIOR PepsiCo executive was in Moscow last week to make sure Pepsi remains the choice of a new generation of Russians. The disintegration of the Soviet Union has threatened to undo the US$3 billion (554.95 billion) contract which
      479 words
    • Article
      Lock icon Large-scale investors set to cash in on strong UK shares
      495 6 MARKET Reuter LONDON Large-scale sttfltttiles will start to hit the UK. stock market with increasing intensity as large shareholders, lured by record equity prices, cash in their chips, dealers say. Speculation was partly confirmed when the City's most-celebrated shareholding, Hanson
      Reuter  -  495 words
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      Page 3 Advertisements Column 1
      169 3 HONG KONG FASHION WEEK 93 A TDC FAIR DRESS UP TO MEET BUYERS HONG KONG FASHION WEEK HONG KONG CONVENTION EXHIBITION CENTRE international fashion event heralds a new year u |v$ IfNteMft This year, 560 exhibitors from 25 countries and over 20,000 international buyers gathered at Hons Kong Fashion Week
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      Page 3 Advertisements Column 2
      95 3 The Best Of Concord Since the establishment of Sincere Watch times. Truly, an exceptional model of in 1954. we have worked hard to maintain unmatched craftmanship and distinct luxury. r i V Exquisite watches, a reputation for excellence Sincere's philosophy timeoieces we carry. the co*co«d Saratoga* hk SOLID gold l
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      86 4 IcENTURYTOWER 21 Prestigious 25 storey office building. Prime location on Raffles Quay, adjacent Efficient layout of approximately 9HBB 10,000 sq. ft. per floor. ggSMij Uninterrupted panoramic sea view from J//ti 1§ Finest quality finishes. "fCT" &SSSKiI Good car parking facilities. "*S Ttie united <5 C n e k rcial ~m
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  • Page 5 Advertisements
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      64 5 I mmmm ■(l!^ i;4! mA: "^KI A; ft n > Si j At Ann City, You Can Buy Shares, j New Company, Two Ties And Chilli Crab Without Leaving The Building. I Chesterton INTf ii n9Lnn '•i !<i.*;u tall Aiastasr Cattrell or Gina Ng on *****22 In 1993, Ngee Ann
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  • Page 6 Advertisements
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      428 6 v ..>^TC9g?>f;> GET THE GLOBAL NEWS THAT TOUCHES EVERY PART OF YOUR LIFE. Wherever life takes you.. your daily newspaper And when you're bound for travel, our travel section could only be the International Herald Tribune (IHT). will help you select new destinations. Our global news Six days a week,
      428 words
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      Page 6 Advertisements Column 2
      103 6 The Bottom Line, Back Page aO MYNA" Brand NC4OIO, NC4012 Striped Printed Bed fjL Sheets (Originally "SPARROW 333" Bed Sheets) are |r traditional commodities of Jiangsu in China. Ait No. NC4010: All Cotton, Weight 24 Liang/Tiece 80W. 4V Ait No. NC4012: All Cottoiv Weight 12 Liang/Piece 54"x7R". M lV "MYNA"
      103 words
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  • FINANCIAL NEWS
    • Article, Illustration
      Panel to decide on Lloyds' appeal to get Midland data
      457 7  -  Takeover Code cited to gain confidential information From Catherine Ong in HONGKONG BRITAIN'S Takeover Panel will decide this week on an appeal by Lloyds Bank to get Midland Bank to surrender confidential financial information provided to HSBC Holdings pic, HongkongBank's
      457 words
    • Article
      Lock icon India orders inquiry into state banks' role in stock scandal
      304 7 Reuter NEW DELHI Indian Finance Minister Manmohan Singh said yesterday he had ordered a police inquiry into the involvement of three state-run banks in a major stock market scandal. He told Parliament the Central Bureau of Investigation, the federal police
      Reuter  -  304 words
    • Article
      Thai utility board appoints advisers for privatisation plan
      314 7  -  By Quak Hiang Whai SINGAPORE The Electricity Generating Authority of Thailand (Egat) has appointed CS First Boston (Singapore) Ltd, Jardine Fleming Thanakom Securities Ltd and Thai Investment Securities Co Ltd as financial advisers to its proposed privatisation of a power plant. A
      314 words
    • Article
      Sang Kancil on the right track
      690 7  -  Deutschemark ftitures rise to profit-taking level at 6074 THE SAN^KAW^ By Chew Eng Han SINGAPORE Sang Kancil, who started trading last week, is on the right track. On May 4, Sang Kancil initiated his first trade by buying deutschemark futures. He bought one lot
      690 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      210 7 It won't r take us long p to fit your office. you The we I themI 1 From the I 1. selves to your body in almost to the i every |j j anised manager's chair i where vou want it (flexible tothesystempanels Sothat have, we can wh,p one up
      210 words
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  • THE REGION
    • NOTE BOOK
      • Article
        Unit to monitor KL's large services deficit
        66 8 KUALA LUMPUR The Malaysian government has set up a special unit to monitor the country's large services deficit, said the Deputy Minister of International Trade and Industry (Miti), Chua Jui Meng, yesterday. The unit, set up in the ministry, was expected to provide
        66 words
      • Article
        Patten to meet community leaders
        77 8 LONDON New Hongkong governor Chris Patten says he will be holding detailed talks on wide issues with local community leaders, but has promised the Chinese there is "no hidden agenda" behind British policy. He said on television last Sunday that he planned to work to
        77 words
      • Article
        Pro-Beijing group to be formed
        69 8 HONGKONG Pro-Beijing figures here will soon set up their own political group with funding from Chinese companies, a core member of the group said yesterday. Cheng Kai Nam, who unsuccessfully ran for the territory's Legislative Council (Legco) as a pro-Beijing candidate last September, said the
        69 words
      • Article
        Poor track record for projects
        67 8 KUALA LUMPUR Evaluation studies in the past 10 years show that 40 per cent of development projects and programmes are either under-performing or nonperforming, says the Asian Development Bank. Speaking at a four-day Performance Evaluation In Asia and the Pacific Seminar here yesterday, ADB post-evaluation
        67 words
    • Article, Illustration
      Lock icon S Korean property prices dip, thanks to govt action
      573 8 AFP SEOUL Real estate prices in South Korea have finally started coming down, due largely to forceful government measures to cool off the overheated sector. According to the construction ministry, increases in lot prices have slowed from 20 per cent in
      AFP  -  573 words
    • Article
      Thai exports expected to grow 16.4pc
      299 8 BANGKOK Despite the economic recession in industrialised countries, Thailand's exports in the first quarter of this year will grow 16.4 per cent to 193.5 billion baht (5512.3 billion), says a report in The Nation, quoting an estimate by the Business Economics Department. The estimate
      299 words
    • Article
      Lock icon Forecast of wider deficit sparks market sell-off in Australia
      421 8 Reuter SYDNEY The Australian government yesterday forecast that the budget deficit for this year and next will be much larger than expected, sparking a sell-ofT in financial markets worried about how the shortfall will be funded. Australian Treasurer John Dawkins said
      Reuter  -  421 words
    • Article
      Lock icon Wellington predicts strong growth for economy
      529 8 Reuter WELLINGTON The Central Reserve Bank late last week issued an upbeat forecast for the New Zealand economy in a report which predicts strong growth and shows that the five-year recession is well and truly over. "It's a broadly-based recovery, with exports contributing very
      Reuter  -  529 words
    • Article
      Lock icon Use of NZ asset sale proceeds undecided: ministry
      251 8 Reuter WELLINGTON The proceeds from four state-owned enterprises earmarked for possible privatisation last week may not necessarily be used to repay foreign debt, says a spokeswoman for Finance Minister Ruth Richardson. Last week, State-owned Enterprises Minister Maurice McTigue said that studies on
      Reuter  -  251 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      81 8 is I W Gold Coin Ltd, previously in the feedmill A W business, has been transformed into a A W diversified electronics group. A W Through four main subsidiaries Dynamar j Holdings, DynaMech Electronics, LindetevesJacoberg W Goldtron Ltd has now become a broad- A W based electronics research and manufact-
      81 words
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      Page 8 Advertisements Column 2
      9 8 Why Australia needs to plug into Asia, Pg 10
      9 words
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  • THE WORLD
    • Article
      Lock icon American economy gets boost from Third World
      416 9 Exports to non-industrialised nations on the rise NYT HOT SPRINGS, Virginia The US economy, badly in need of bright spots, is gaining strength from an unlikely source: the Third World, where purchases of American goods rose 15 per cent last year. Non-industrialised nations
      NYT  -  416 words
    • Article
      Lock icon Oil-rich Kuwait may end up being debtor nation
      330 9 Reuter KUWAIT Kuwait, which once earned far more from oil than it could possibly spend, may soon end up a debtor like many Third World nations, diplomats and economists say. Since liberation from Iraq's occupation 15 months ago and without the benefit
      Reuter  -  330 words
    • WORLD WATCH
      • Article
        China to cut number of loss-making state firms
        69 9 BEIJING China aims to reduce the number of loss-mak-ing state firms by 5 per cent this year and cut total losses by 20 per cent, the official China Daily said. More than 36 per cent of China's state firms are loss-makers. Last
        69 words
      • Article
        Fruitless talks for ex-Soviet states
        55 9 ASHKHABAD, Turkmenistan Attempts to garner regional economic support for Muslim former Soviet republics stumbled on Sunday, apparently under the weight ot competition between Turkey and Iran. The five republics, seeking a new political alliance as their former Slav master Russia looks westwards, ended a two-day
        55 words
      • Article
        China eyes S African technology
        45 9 BEIJING China is discussing the transfer of gold mining technology from South Africa as relations between the two countries improve, an official newspaper said yesterday. China may acquire technology from South Africa and send mining technicians to be trained there.
        45 words
      • Article
        Algeria starts corruption inquiry
        59 9 ALGIERS Algier's court prosecutor has announced a probe into allegations of pervasive misappropriation of state funds, in a country hobbled by a foreign debt of US$26 billion (5542.9 billion), according to the official news agency APS About 2.400 import-licence requests, involving foreign currency going back to
        59 words
      • Article
        US vice-president visits Japan
        43 9 TOKYO United States Vice-President Dan Quayle will arrive here today for a four-day, largely symbolic visit to stimulate bilateral ties strained by trade disputes. His visit coincides with the 20th anniversary of the return of Okinawa from the US.
        43 words
    • Article, Illustration
      Lock icon Fed seen lowering interest rates soon
      464 9 Burden of boosting economy has passed from politicians to Fed: analysts Reuter WASHINGTON The task of nurturing the US economy's shuffling progress has been handed off to the Federal Reserve Board by campaigning politicians, economists say. Many are betting that means lower interest rates
      Reuter  -  464 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      98 9 the I NEW, IMPROVED I MITSUBISHI I SPACEWAGON. WE IMPROVED NOTHING. Space, as y„u wc.l know, is nothing. What you ELC 4-speed automatic I Mitsubishi Z.« configurations including relaxation beds and multi-purpose tables. I all for only $81,888. Test drive it today. Before we re out of spaee. I 241
      98 words
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  • Article
    Reinventing Japan
    489 10 EDITORIAL REVOLUTION is brewing in Japan. The country may be an economic superpower but its people do not enjoy a commensurate standard of living. Prime Minister Kiichi Miyazawa wants to change that. Latest developments indicate that he is finding support for what could become modern-day Japan's most profound
    489 words
  • WHAT THE OTHERS SAY
    • Article
      A necessary reminder
      298 10 IN THE RUSH towards embracing international trade in services, it is sometimes forgotten that services must serve something. Singapore has not forgotten, though it is useful to correct, from time to time, any unintended impression that it might have. The importance of manufacturing was recognised in the
      298 words
    • Article
      Let the people decide
      77 10 THE ceasefire agreement to end three days of fighting offers some hope to war-torn Afghanistan. For the sake of their country, all factions claiming to govern the country need to exercise restraint and observe the ceasefire agreement. They should focus their attention on the task of
      77 words
    • Article
      Crucial factors
      82 10 THREE FACTORS are crucial in determining if the proposals of the Chinese Language Review Committee can be effectively implemented. First, the Ministry of Education should give a clearer directive on how bilingual education should be pursued. The second factor is parental attitude. Last but not least, some of
      82 words
  • REGIONAL VIEWPOINTS
    • Article
      It's everybody's concern
      181 10 MALAYSIANS are turning "green" with several community projects that range from collecting old newspapers and used bottles for recycling to making less use of plastic bags. How is business responding to this greening of Malaysia? Not as well as expected. There are some large and small firms
      181 words
    • Article
      A living democracy
      159 10 WE TEND to believe, that no matter what analyses are made in these unsettled days, nobody ean precisely predict how the Thais will solve their current problems. The political theories and the lessons gleaned from experiences in other countries are often not applicable in this Buddhist country
      159 words
    • Article
      Strange way to fly the flag
      156 10 THE REAL TEST of whether the awarding of the Tsing Ma contract stands condemned of favouritism will come next week. It must be approved by the Legislative Council, which will hold a special session of the Finance Committee next Friday. No doubt, legislators will
      156 words
  • Article, Illustration
    Lock icon Why Australia needs to plug into Asia
    953 10  -  Michael Richardson asks Australian Prime Minister Paul Keating about his active interest in Asian affairs since he came to power last December Michael Richardson IHT Q: Why arc you pushing Australia closcr to Asia? A: Australia has strengths that will complement the economics
    IHT  -  953 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      134 10 I tJlitde/Ml Resort Living On Tbe East Coast T the el^us l^e era j l \i* i live in Riviera Court and enjoy the best resort lifestyle All 42 units, whether B^wrr I Tai |mm apartments or townhouses, t*m°~ ill cosmopolitan, with tenants I v 6 L Z from every
      134 words
  • Page 10 Miscellaneous
    • Miscellaneous
      Page 10 Miscellaneous Column 1
      51 10 DOONESBURY BY GARRY TRUDEAU Wy^^COUL^OUd^ Aft FOR SMALL I A UTTIdMmSPeCIFiC MINPS. AM£ftlCA's OHNEfiS WANT I ITm ABOUT HOW VOUMXW IJ/ BOU? ACTION, NOT ANOTHER I I ■CK- J I WHAT* I I I PPOfVSe 10 MN THE THUMB SUCHNG HJHIT6 PWWI A [MAMM j j ANY IM- I pi
      51 words
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  • ANALYSIS
    • Article
      What trading competitively involves today
      943 11 Free versus fair trade this subject was explored by Deputy Prime Minister Lee Hsien Loong last Friday at the Asia Society Conference in Taipei. Here are extracts of his speech, which was titled The Future of the World Trading System ONE SIGN that the trading
      943 words
    • Article, Illustration
      A vanishing monopoly on power
      1543 11  -  South Africa has embarked on an ambitious drive to transform itself into a democracy. Salil Tripathi, who visited the country recently, talked to politicians and analysts to understand the Constitution-building process Salil Tripathi, WINNING the "yesvote was easy; building a new South Africa is the
      1,543 words
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      Page 11 Advertisements Column 1
      92 11 Jump the queue to Kuala Lumpur. WM jf un n ™.r 1 What's more, we go further with wider, more Why stand for it,when you can hop on our nts it w/ j j-., comfortable seats aboard our spacious 7478 s. hassle-free flights to Kuala Lumpur on Wednesday, book too
      92 words
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  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      927 12 Nothing Beats A Bud. where to wine, dine OF 'III 1 Sing in our theme rooms for free! Sing in the you yet luxury of J anot ier different MIX A 4* reason theme Jfi to rooms V celebrate for free B Jp4ilw at Singsation! during Xj Ha ppy Happy
      927 words
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      Page 12 Advertisements Column 2
      359 12 r How To Play Happy Family It's really easy once you know t I what we have in store for you and f your family at The Stables. A super family buffet that'll delight y J even the tiniest of tots. So come I r^^WmLcPl on over ,rst r^,n 8
      359 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      630 12 TELEVISION AND RADIO v -T-, >•>-" II A_ 6.00 Potret Kehiarga (M) 4.35 NHK Documentary. BUSINESS ON RADIO A fl SBCI2 6.30 Peter Pan and the Pirates 5.30 Little Flying Teddy Bears. no CCQ (TP TCi IX 1 1 Id\ rx-m.se Of Hook (Cartoon. 600 (M) BBC. 88.9 mHz in
      630 words
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  • LIFESTYLE
    • Article, Illustration
      Lock icon Sex? Please! We are Russians
      649 13  -  Before the break-up of the former Soviet Union, 'sex' was more often than not equated with 'shame' and the subject was never discussed in public. But since last year, norms have changed tremendously, as Fiona Fleck discovers Fiona Fleck Reuter 6 6C 1 an out*
      Reuter  -  649 words
    • Article, Illustration
      All the President's women
      440 13 CHATTERBOX US COMEDIAN Paula Poundstone has an alternative to the presidential election process. Poundstone, who was President George Bush's dinner partner at the White House correspondents dinner on Saturday, told the crowd of 2,500: "I know only one thing. I don't want George Bush in the
      440 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      202 13 AND ENTERTAIN j I I I Ra Shai Mage For the fresh and flavourful taste of Japanese I haute cuisine only at Unkai Japanese I Restaurant. I Lunch 12 noon to 2.15 pm I Dinner 6.30 to 10.15 pm. A I ANA HOTEL I For reservations, SINGAPORE I please call
      202 words
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      Page 13 Advertisements Column 2
      183 13 P-OAL?HCM-' gF vi.vix PI. ACK TAPS PUB ENTERTAINMENT RQADHQUSE ELVIS PLACE v z K2IIBI iOiUU^fIMIWBW < KsSZwVmtm 15i!ViSiW Ik^h^Hl! 11l ipil 1- I IWlll When I FINER < J LIFE ARE WITHIN YOUR GRASP. IT'S ONLY NATURAL TO REACH -Ik for a Glenfiddich. And wGB| NOW WHEN YOU REACH FOR
      183 words
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  • SPORTS
    • SIDE LINES
      • Article
        Kite soars above earnings' mark
        99 14 MARIETTA, Georgia Tom Kite ended a 16-month winless streak on Sunday with a vietory in the Atlanta C lassie golf tournament, beeoming the first golfer to surpass US$7 million (Ssl 1.5 million) in career earnings. The veteran admitted he was starting to wonder if he
        99 words
      • Article
        Strong field for Italian Open
        110 14 ROME Despite a last-minute pullout by Boris Becker, the men's edition of the Italian Open started yesterday with its strongest field in recent memory. Organisers said Becker, who had been seeded No 3, informed them he had pulled his right hamstring during the tournament in
        110 words
      • Article
        Washington in command
        105 14 CHARLOTTE, North Carolina MaliVai Washington completed a three-year climb to the top by winning the US Men s Clay Court Championships with a 6-3, 6-3 victory on Sunday night over Claudio Mezzadri of Spain. Washington, who lost in the semi-finals in the last two tournaments, won every
        105 words
      • Article
        Chinese divers dominate
        110 14 FORT LAUDERDALE, Florida Gao Min won the 3-me-tre springboard championship on Sunday as Chinese divers swept the titles at the Alamo International, a warm-up for the the Summer Olympics. Gao held a slim 1.56-point lead heading into the 10th and final dive. She finished at 536.10, while
        110 words
      • Article
        Cheever misses the mark
        141 14 INDIANAPOLIS, Indiana Formula One veteran Eddie Cheever put in a 230 mile per hour (370 kph) lap on Sunday, but failed to come close to supplanting record-breaking Roberto Guerrero from pole position for the Indianapolis 500 Cheever was one of five drivers with a chance to
        141 words
    • Article, Illustration
      Lock icon Italy clinches first finals victory
      672 14 America's Cup AP SAN DIEGO II Moro di Venezia made history for its country and the America's Cup, posting Italy's first finals victory with the closest finish in any finals race. Outstanding crew work, masterminded by skipper Paul Cayard, earned Italy a three-second win over
      AP  -  672 words
    • Article
      Lock icon German leads in fourth stage of Tour
      324 14 AFP HERSHEY, Pennsylvania Rolf Aldag of Germany edged the pack in an uphill sprint finish on Sunday to win the fourth stage of the Tour Du Pont cycle race. Aldag, riding for the Swiss Helvetia team, clocked six hours 20 minutes 47 seconds
      AFP  -  324 words
    • Article
      Lock icon Battle for Ryder Cup intensifies
      525 14 AP MADRID It would be a fitting tribute to Spaniard Seve Ballesteros if the 1997 Ryder Cup expected to be staged for the first time out of Britain or the United States were played on a course he is designing for Madrid. The 1997 Ryder
      AP  -  525 words
    • Article, Illustration
      Lock icon Senior riding high again
      664 14 Reuter ST MELLION, England Peter Senior stood up to his ball, peered at the target, drew back his club to the full extent of his backswing and froze. That moment in a tournament almost two years ago, and others almost as bad, nearly drove the Australian
      Reuter  -  664 words
  • Page 14 Advertisements
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      210 14 WE TRUST (ISIS ILL F1 111 NEW HOIS MORE COMFORTABLE. We know youll spot the two and Mischief Lounge plus restaurants queen size beds in each newly offering exotic Japanese and Cantonese renovated room. (And if cuisines. Singapore s most there's space for two beds, exciting street, Orchard Road ff
      210 words
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  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      241 15 Canon frrrfn v i s fi H IjjH 6100 sheet Paper Deck H Iff]--- j^B Automatic Document Feeder |9 11: *r £j Computer Form Feeder (Optional) AVOID THE JAM. TAKE ROUTE 6060. Traffic in a busy office can be heavy. The queues build up behind the photocopier. consistent high quality
      241 words
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  • Article, Illustration
    Where printers mean business
    555 16 An IBM alliance company Lexmark Singapore offers its customers a comprehensive range of more than a dozen printers, such as laser, inkjet and dot matrix printers. In fact, since opening its doors for business, Lexmark Singapore has introduced 11 new printers that's a hefty achievement for
    555 words
  • Article, Illustration
    Lock icon A fresh approach to the IBM heritage
    248 16 Lexmark Distributors Lexmark International (Singapore) Pte Ltd International Plaza #11-19 10 Anson Road Singapore 0207 Tel 227 3488 Fax: 227 7818 BRUNEI BS SYSCOM (B) SDN BHD Tel: (673 2)240 070 Fax: (673 2) 243 366 INDONESIA PT Multipolar Corp Tel: (62 21)380
    Source: Lexmark International  -  248 words
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  • Article, Illustration
    Ready and eager to take on the world
    659 17 WHILE THE Big Blue is reeling from a shakeout, a little part of the IBM heritage is already up and running, bravely taking on the world. That little part of the IBM heritage, now independent, is Lexmark International, an IBM alliance company.
    659 words
  • Article, Illustration
    IBM typewriters — alive and thriving
    461 17 IBM typewriters alive and thriving CONTRARY TO popular belief, the typewriter is not dead yet! And Lexmark International which designs, manufactures and distributes IBM typewriters has sales figures to prove this. This year, about half of Lexmark's revenue is expected to come from the IBM typewriter, keyboard and supplies business.
    461 words
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  • Page 18 Advertisements
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      Page 18 Advertisements Column 1
      180 18 H These four hinged they be square. Which Some companies solve every problem with the same solution. Meet one with a broader perspective. Many suppliers have one solution for an entire range of problems. So it doesn't matter to them what your particular set of circumstances are or how you
      180 words
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  • INNOVATION & TECHNOLOGY
    • Article, Illustration
      Portable gadget makes life easier for heart patients
      457 19  -  Ang Wan May talks to the Singapore doctors who invented it Ang Wan May People with heart problems and related trouble may soon be able to cut medical costs and time spent in hospital thanks to two Singaporeans. The electro-cardiogram, or ECG,
      457 words
    • Article, Illustration
      Aroma Biotech appoints marketing agent
      310 19  -  Joseph Rajendran checks out its new flavours Joseph Rajendran LOCAL biotechnology firm Aroma Biotech, which is starting to market its scents made mainly from local fruit, has appointed a firm to handle the sales. The first deal done through Jachin Oil and Food was Aroma's
      310 words
    • Article
      Lock icon New device can help to monitor water pollution
      387 19 NYT A NONDESCRIPT ce-ramic-encased tube, just 80 cm long and 5 cm in diameter, could become a key component in the battle against water pollution, its designers believe. Battelle Memorial Institute, a non-profit research company in Columbus, Ohio, and Ocean Sensors Inc,
      NYT  -  387 words
    • Article
      TECH TAKES
      252 19 SINGAPORE Siemens Nixdorf Information Systems has developed a retail banking package which it hopes to sell in the Asia-Pacific mar* ket. The software, which au4 tomates branch banking, is called X/Bank. It has a mod; ular design which handles functions such as current and fixed deposit accounts as
      252 words
  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      230 19 ML **FWB| '> w. s '*v KU #f' < EkiMj iTOHr *!SiWIS!ISf*£IE 7 "Jfr» .I*^> jj/ > 4 For the world of electronics, Samsung's state-of-the-art tech- demand and dramatically increase the performance of nology opens a whole new era. various systems. M^w^^f^^ r madc Samsung's 16M DRAM features 0.55 m
      230 words
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      3285 20 K2 Keppel Bank of Singapore Limited (Incorporated in the Republic of Singapore) and its subsidiary companies BALANCE SHEETS AS AT 31 DECEMBER 1991 Th« Group Th# Bank Tl* Group The Bank Note 1991 1990 1991 1990 Note 1991 1990 1991 1990 SS'OOO SS'OOO SS'OOO SSOOO SS'OOO SS'OOO SS'OOO SS'OOO 7#
      3,285 words
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  • STOCK EXCHANGE OF SINGAPORE 1
    • Article, Illustration
      Five situational stocks take the spotlight
      4136 21  -  STII falls 14.68 points in selective trading By Joseph Rajendran INVESTORS continued to focus their attention on a few situational stocks with the spotlight yesterday on debutante Swens Asia, Malayan Credit Ltd, United Industrial Corporation Ltd, City Developments Ltd and newly-listed PCI. These five
      4,136 words
    • Article, Illustration
      Lock icon HOT STOCK
      67 21  -  By Chew Eng Han Comment THE long-term outlook for Jurong Shipyard appears bearish. The decline from the January peak was in a five-wave sequence, and the subsequent rally in April looks corrective in nature. Expect another series of five waves down, probably to the $8 level, by September
      Source: Bridge Info  -  67 words
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  • Article
    STOCK EXCHANGE OF SINGAPORE 2
    2587 22 H Semhawatm 1 Mcukvk :>• i *s s |>HS 11 V 10 0 '•'S' iV-kMil P.u.uk- 4«H» 1 S Kciiimiijihy l« ,s ls I'OH M»* s ,srt IlltS II M»* M*> l'»' Juronyl nitM* »00 •> '10% I im Kjh N(uni 1 1 1 at
    2,587 words
  • Page 22 Advertisements
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      Page 22 Advertisements Column 1
      43 22 Master Card. B With over 170 million cards accepted at over lUEEIzIJ 7 9 million establishments, no card is more |p honoured around the world. MasterCard card also gives themaster you easy access to cash at 200,000 bank branches and ATMs worldwide. > JL\v
      43 words
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  • Article
    STOCK EXCHANGE OF SINGAPORE 3
    3197 23 Samanda llldgs 198 +18 +100% H Leong Ind 50« 560 5 0.9% YTI. Corpn 50* 160 4-5 3.2% Uniphoemx 120 +2 +1! 7% Multi-Purpose 72*/i f |+2.1% PJ De\ Hldgs 84 1 11'/? +18% Keck Seng 169 1 fO.6% Insas Bhd 50* 22' fVi ♦-2.3%
    3,197 words
  • Page 23 Advertisements
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      Page 23 Advertisements Column 1
      122 23 Join the Chinese newspapers in their TRIPLE CHJSBOTRNS The Chinese newspapers in Singapore have come of age. All the three Chinese dailies will be celebrating with their own special features highlighting their past successes and future directions. As an advertiser, you are invited to take part in the TRIPLE CELEBRATIONS;
      122 words
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  • BT SHARE INFORMATION SERVICE
    • Article
      AUDITED RESULTS
      345 24 Company Date Year Group Net Net earnings Cms ann to profit/loss (L) per share dividend (•000) (cents) ICS May 7 Dec 91 $10.451($6 6111) ?09(-) 6(135) Inchcape May 4 Oec 91 M$53.822( $66,683) 32 9(40 7) 20(32 51) DBS Land Apr 30 Oec 91 $50 908(530.978) 7 9(4
      345 words
    • Article
      PRELIMINARY RESULTS
      260 24 Company Date Year Group pre-tax Net earnings Gross ann to profit/less (L) per start dividend (•000) (cents) Venture Mfg May 7 Dec 91 $4.495($2.530) 5(3.4) M Credit May 6 Mar 92 $20,957(118.582 48(44 6 25(5) llnipltone Tel May 6 Jan 92 M$27 228(117.956) 21 2(14 3) 7(7) Chem
      260 words
    • Article
      DIVIDENDS ANNOUNCED
      1636 24 Current Ex Books Date Total hr Total lor payment date dose payable the year last year Hon, 51 tun 5 ton 18 Jul 2 12 21 101TE Anno 20c 125%TE Mar 3 Mar 13 May lb 17 51TE 1251TE B Raya 11 ton 24 Jul 8 )ul 20
      1,636 words
    • Article
      CORPORATE DEVELOPMENTS
      190 24 May 8 Singapore Airfines, Swissair and Delta Air Lines announced plans to further strengthen their global alliance by offering reciprocal reservations and ticketing services to more than 300 destinations around the globe. May 7 Singapore Computer Systems Ltd has announced a pint venture in Thailand with PN International
      190 words
    • Article
      COMPANY MEETINGS
      126 24 United Puty Paper Company Ltd: EGM at the Conference Room. 20 Liu Fang Road. Jurong Town, Singapore 2262. on Tuesday. May 12. at 11.30 am Linatei Process Rubber Bhd: 60th AGM at the registered office, 6-1/2 Mile, ialan Ipoh, ***** Batu Caves, Selangor Darul Ehsan, on Tuesday, May
      126 words
    • Article
      MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      353 24 In local chit In S$ In l'S$ S dy S yr dy >t dy yr May 8 Index chge chge chge chge chgc chge World 398.5 0.2 -2.4 -0.5 -4.3 0.4 -6.0 +EAFE 482.3 0.1 -3.9 -0.6 -7.8 -0.5 -9.4 Europe 456.4 0.4 11.0 -0.4
      353 words
    • Article
      APPROVED ISSUES
      150 24 Company Others Bcftcr Issue of $90 978m nominal amount of 3 5* Redeemable Unsecured Guaranteed Bonds 1992/97 with 45 489m detachable TSRs on the basis of $2 nominal amount ot Bonds tor every three existing shares held Ex-date Apr 15 Books dose Apr 30 Acceptance t Payment Jun
      150 words
    • Article
      INTERIM RESULTS
      348 24 Company Date Half-year Group pro-tax Mortal in to profit/loss (L) dividend ('000) Goodwood Park May 7 Mar 92 $20.643($14.753) 45(35) H Msia May 7 Mar 92 $4,445($313) 20(5) Sph Apr 24 Feb 92 $123.204($110,396) 10(8) Times Pub Apr 20 Feb 92 $18.782($25.132) 4(4) New World Apr 1 Dec
      348 words
  • Article, Illustration
    Lock icon CHARTING SERVICE
    593 24 Relative Strength Index: This indicator measures the rate at which prices move up or down, and theoretically ranges between zero and 100. In practice, it normally fluctuates between 10 and 90. RSI is calculated over a specified period, say 13 days, and is derived from the formula: 100
    CHARTS BY BRIDGE  -  593 words
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  • KUALA LUMPUR STOCK EXCHANGE
    • Article, Illustration
      Lock icon Profit-taking sets in as market awaits fresh leads
      5207 25 Bernama KUALA LUMPUR share prices retreated further yesterday afternoon to close lower on profit-taking and lack of follow-through support despite gains on the Tokyo bourse, brokers said. Activity was much reduced as investors were reluctant to take up positions while awaiting fresh
      Bernama  -  5,207 words
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  • STOCK EXCHANGE OF THAILAND
    • Article, Illustration
      Lock icon Stocks rise sharply across the board as protests end
      2110 26 Reuter BARGAIN-hunters flocked to buy shares yesterday after the opposition called off anti-government protests and almost all shares advanced sharply. The SET Index ended 41.81 points, or 5.70 per cent, higher at 774.70 on turnover of 7.54 billion baht. It was
      Reuter; Source: Bridge Info  -  2,110 words
  • JAKARTA STOCK EXCHANGE
    • Article, Illustration
      Lock icon Market index falls 1.8pc as investors stay away
      1190 26 JAKARTA share prices fell in fairly active trade yesterday. Brokers said many investors stayed on the sidelines. The official index fell 5.22 points (1.8 per cent) to 288.65, while turnover dropped to 7.44 million shares, compared with last Friday's 11.28 million. Gudang
      Source: Bridge Info  -  1,190 words
  • Page 26 Advertisements
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      Page 26 Advertisements Column 1
      7 26 THE WINNING TEAM classifieds! Call *****46/ *****52
      7 words
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      Page 26 Advertisements Column 2
      305 26 NOTICES hfteMeflaraf TheCorrfanleeAdCaaSO n th« of BARUBMA TRAOMG (8) PTE LTD (h Mamberf Vokrtty Updatcr) At an Extraordinary General Meelng of tha ix*enien»oned Company duty convened and held ai 257 Sate® Road #***** Setae Cornpex Singapore 0718 wtoh Api 1982 aTSn, toe Wowing Special Resolutions vara passed: 1) RESOLVED that
      305 words
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      Page 26 Advertisements Column 3
      27 26 < "It was plainsailing selling my cabin cruiser:" f I jjja I Call today for results tomorrow. CATS. I 737-11— I Plan your career in the Every Wednesday
      27 words
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  • TOKYO STOCK EXCHANGE
    • Article, Illustration
      Lock icon Shares end higher on bullish sentiment
      2598 27 Reuter TOKYO STOCKS ended firmer yesterday, continuing last week's uptrend. Brokers said sentiment was strong, with volume healthier and the Nikkei Average apparently consolidating the 18,000 level. But the deluge of corporate result releases over the next weeks may make investors wary of pushing
      Reuter  -  2,598 words
  • STOCK EXCHANGE OF HONGKONG
    • Article, Illustration
      Lock icon Bullish market takes a breather
      2636 27 Reuter HONGKONG stocks closed higher in thin trade yesterday as the market took one of its first breathers from a monthlong rally, brokers said. "Although the underlying trend of the market is still positive in the longer term, because we've had such a strong run
      Reuter  -  2,636 words
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  • AUSTRALIAN STOCK EXCHANGE
    • Article, Illustration
      Lock icon Stocks end lower after news of bigger deficit
      2087 28 Reuter NEWS of a blow-out in the federal government's budget deficit spooked bond markets, triggered a sudden fall in the Australian dollar, and in turn weakened the share market yesterday. Despite stronger offshore markets, local stock prices fell as Treasurer John Dawkins
      Reuter; Source: Bridge Info  -  2,087 words
  • REGIONAL STOCK MARKETS
    • Rate increase sends Taipei stocks plunging
      • Article
        SEOUL
        823 28 ACROSS-THE-BOARD selling yesterday sent the Seoul stock market down to close lower for the fifth consecutive session, brokers said. "The problem is a shortage of liquidity in the market to buoy shares," a Sungkyong Securities dealer said. "Declining customer deposits have frozen investor sentiment." Strong selling of heavily-weighted big
        823 words
      • Article
        NEW ZEALAND
        392 28 MOST New Zealand blue chips yesterday barely moved in a quiet start to the week, and the main indicator finished slightly stronger thanks to concerted buying in two leaders, Lion Nathan and Progressive Enterprises. Brokers cited a lack of local news, but felt the market was likely to
        392 words
      • Article
        TAIPEI
        538 28 TAIWAN STOCKS yesterday plunged across the board after the central bank raised its rediscount rate last Saturday. The weighted index ended at its lowest level since last October, dropping 160.80 points or 3.6 per cent to close at 4,268.17. Turnover was a thin NTS 17.8 billion. The central bank
        538 words
      • Article
        MANILA
        438 28 MANILA'S two stock exchanges were closed yesterday and will remain closed today as the Philippines held national elections and allowed an extra day for voters to return to the cities from their provincial voting precincts. Trading will resume tomorrow. Manila May 8 Peso A.Soriano Corp > 580 -.020 45
        438 words
      • Article
        INDICES & TURNOVER
        49 28 INDICES TURNOVER CWmc May II Previous NEW ZEALAND NZSE-40 Capital 1.472.34 1.470.56 1.78 MANILA Composite Index Turnover (million pesos) Closed Oosed 1.235.02 297.1 TAIPEI Weighted Price Index Turnover (NTS billion) 4.268.17 17.8 4.428.97 10.09 -160.80 7.71 SEOUL Composite Stock Index Turnover (billion won) 587.52 326.34 594.62 261.23 -7.10 +65.11
        49 words
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  • CURRENCY, MONEY & FUTURES MARKETS
    • Article
      Greenback ends flat against mark, easier against yen in Tokyo
      1271 29 REPORTS TOKYO: The US dollar yesterday ended little changed against the mark but easier against the yen, mainly on early selling by life insurers. Some life insurance firms that had bought dollars last Friday after stron-ger-than-expccted US April jobs data
      1,271 words
    • Article
      Lock icon European options markets to join forces
      457 29 Reuter AMSTERDAM Sandwiched between bustling futures and options markets in London, Paris and Frankfurt, traders at Amsterdam's European Options Exchange (EOE) see cause for concern in every direction they look. Once explosive growth has stalled and the EOE like Europe's other smaller derivatives exchanges
      Reuter  -  457 words
    • Article
      FINANCIAL FUTURES
      1377 29 SIMEX EUKOOOtlAK Open High Low Sett Est Vol Act/Vol Op/Int Jun 92 95.99 96.00 95.97 95.99 2700 9962 ***** Sep 92 95.68 95.69 95.66 95.67 4500 ***** ***** Dec 92 95 01 95.03 94.98 94.99 2100 ***** ***** Mar 93 94.82 94.82 94.79 94.80 1100 2627 4693 Jun
      1,377 words
    • Article
      INTERBANK FOREX RATES
      377 29 Cross rates M« y n USS S$ MS Dm Yen SFr A$ NZS USS 1.6510 2.5310 1.6440 133.20 0.5590 1.5260 1.3298 1.8727 SS 0.6057 1.5330 0.9958 80.6784 0.3386 0.9243 0.8054 1.1343 MS 0.3951 0.65 0.6495 52.6274 0.2209 0.6029 0.5254 0.7399 Dm 0.6083 1.0043 1.5395 81.02 0.3400 0.9282
      377 words
    • Article
      MONEY MARKET
      533 29 Interbank rates S$ Bid Offer Overnight 2 3/4 3 1-month 3 1/16 3 3/16 2-month 3 1/8 3 1/4 3-month 3 3/16 3 5/16 Overnight mode: 2-15/16 L'SS Bid Offer 7 davs 3 13/16 315/16 1 month 3 13/16 3 15/16 2 months 3 13/16 3 15/16 3
      533 words
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  • COMMODITIES
    • Article
      Singapore timber exporters upset over M'sian allegations
      418 30  -  By Shoeb Kagda SINGAPORE Timber exporters here are upset over allegations made by Malaysia concerning unfair practices by Singapore firms shipping Malaysian timber to the Middle East. At the annual general meeting of the Singapore Timber Exporters' Association (Stea) last Friday, several exporters
      418 words
    • Article
      Lock icon Brazil to slash tin output further to seek better prices
      245 30 Reuter PHUKET Brazil, the world's top tin producer and until recently an irritant in attempts by other producers to limit global supply, says it will further slash output to seek more remunerative prices. "We want to see a lower production
      Reuter  -  245 words
    • Article
      KL tin rises 17 sen on higher buying demand
      790 30 REPORTS M 5882.50. The refined palm oil market was very quiet with buyers reserved. May RBD palm oil was offered at U*****.50 and June at U*****.50. while May/June RBD palm stearin saw sellers at US$275, all prices fob Malaysia. Crude palm
      790 words
  • Article
    PRICES
    1437 30 Rubber m*> n MS (l*> hi Nw) S cents/kg Noon Close Int 1 RSS Prompt 142 00/143.00N 141.75/142.75N Inl I RSS June 92 142.00/142.50 141.75/142 25 Int I RSS Julv 141.00/141.50 141.00/141.50 hit 2 RSS OP 141 00/142.00N 141 CKVI42.00N Int 3 RSS OP 140 50/141 50N 140 50/141.50N
    1,437 words
  • Page 30 Advertisements
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      Page 30 Advertisements Column 1
      533 30 BUSINESS T_l_M_E_S_ Toll free Tol No 737 0Q43 'Fax No: 734 3698 ln the mailer of the Companies Act Cup. 50 and In the matter of PREVAIL INTERNATIONAL ENTERPRISE PTE. LTD. (Members' Voluntary Winding-1 p) At an Fxtraordinary General Meeting of the members ol PREVAIL INTERNATIONAL NT! RI'RISF PTE I
      533 words
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      Page 30 Advertisements Column 2
      6 30 Innovation Technology in BT every Tuesday
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  • Article
    AIRCRAFT ARRIVALS AND DEPARTURES
    1221 31 city FMgirt eta nn>t no *km WmM GA893 1345 GA974 0005 MataMa SQ228 2025 QF82 2205 KL837 1255 SQ24 0115 GA893 1345 GA892 0250 SQ323 1815 KL838 2240 MIW SQ348 2300 AacMaad NZ35 1550 SQ285 2115 NZ36 2355 MMl—l GA525/910 1755 ■aadar Sari BI421 1105 SQ182
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  • THE TRAVEL PAGE
    • Article, Illustration
      Flying angels of the jungle
      554 31  -  LETTER FROM IRIAN JAYA By Jonathan Thatcher THE choices are stark a dangerous trek through jungle and swamp, a sail down long, winding rivers or a flight into a strip hacked from the forest. "Nowhere's more remote except maybe Antarctica," said a foreign worker in
      554 words
    • Article
      FOREIGN CURRENCY NOTE RATES
      151 31 As at 3pm yesterday: Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.2348 1.2515 Canadian dollar 1.3570 1.3845 NZ dollar 0.8715 0.8895 Sterling pound 2.9415 2.9605 US dollar 1.6470 1.6550 Local dollars to 100 units of foreign currency Austrian schilling 14.11
      151 words
    • Article
      WORLD TRADE EXHIBITIONS
      75 31 Duration Title Venue Organiser Tel Duration Title Venue Organiser Td May 26-31 International Istanbul. Afeks Organizas- (90)1/*****20 June 1-7 International Buenos Aires Argentine 541-*****09 Construction Turkey yon Pazarlama Exhibition Federation of Machinery Bldg Ve Ticaret AS of Rubber the Rubber Technology Industry Exhibition June 3-9 Beijing Inter-
      75 words
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      36 31 What's theprice for a united Europe? Exactly the same when you fly to any one tfFburirt European destinations Check with your travel agent or call *****77 for more details. We know Europe from aUrt to Finniah
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      Page 31 Advertisements Column 2
      25 31 Difficulty in getting a copy of Her World, Go, Singapore Business, Home Decor, Young Parents? Call our Hotline 749 2577 for locations of nearest newsstands.
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      Page 31 Advertisements Column 3
      280 31 BUSINESS JTJLM^E—s_ Toll free Tel No: 737 0043 Fax No; 734 3608 LIQUOR LICENCE NOTICE NOTICE IS HEREBY GIVEN thai, 1 Koh Yeow Khoon of Blk 126 Senngoon North Ave 1 #04-81, Singapore 1955, have applied for a Retail Beer Shop licence in respect of premises at M/s Tun Seng
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      Page 31 Advertisements Column 4
      192 31 SOUTH SEAGULL PTE LTD tin Members' Voluntary Winding-up) LIQUIDATOR S OFFICE 3 Shenlon Way #03-05 Shenton House Singapore 0106 NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act. Cap. SO. that the Final Meeting of the Company will be held at 3 Shenton
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  • Page 31 Miscellaneous
    • Miscellaneous
      Page 31 Miscellaneous Column 1
      303 31 1 Shows about how old the f f I L_l—L—L— trousers are 5 The paper will come out 9 Foreigner it would be hfli madness to the runaround to (8) 10 It's foolish to include small I 1 I I L—L—l—l— bananas Hm HV Impress upon 13 Having got on
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    • Miscellaneous
      Page 31 Miscellaneous Column 2
      166 31 Singapore Outlook: Showers over several areas in the late morning and early afternoon. ReportMaximum temperature 31.7 Assoc humidity 74% Minimum temperature 25.1 Assoc humidity 89% Hours of sunshine 2.80 Rainfall in mm 0.1 Rainfall this month 30.6 Rainy days this month 5 World forecast Asia-Pacific Hi/ljo* Cond. Auckland 12/07 Cloudy
      166 words
    • Miscellaneous
      Page 31 Miscellaneous Column 3
      42 31 11,1.1:,00MG.S -IP WOU MceXJJ Me I'LL. /nR.6RISTO** I I"AMe LATe. LATe. Book h y&eik> TPS. CUPBOfBD—IS fcccerfloi*"- 71 ftGP«N rmd is Otf U\S S \C in I'^ > d p n BplD -N 111 w W--867J rm 7 associated wnwArtws ltd, iwhw 1
      42 words
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  • Article, Illustration
    Suchinda: I will step down if parliament asks me to
    542 32  -  Constitution to be amended to require elected PM From Ben Davies in BANGKOK THAI Prime Minister Suchinda Kraprayoon said last night he would step down it parliament asked him. "I don't cling to the post," he said. "I'll have no
    542 words
  • Article
    Lock icon Europeans want to invest more in Japan
    378 32 Report urges Tokyo to create opportunities for EC companies AFP r o TOKYO European companies yesterday called for new measures to expand the relatively low level of European investment in Japan, warning that the current imbalance in two-way flows could lead to political
    AFP  -  378 words
  • Article
    Lock icon HK banks enjoyed profitable year in 1991
    284 32 AFP HONGKONG Hongkong's banking industry enjoyed an exceptionally profitable year in 1991 with a number of banks reporting profit rises of 30 per cent or more, the colony's top banking official said yesterday. "Favourable economic conditions in Hongkong and a widening of domestic
    AFP  -  284 words
  • Article, Illustration
    Shareholders of the world unite
    741 32  -  The Bottom Line SREE KUMAR SREE KUMAR The writer is a fellow of the Institute of Southeast Asian Studies. The views expressed are entirely his own. AT LAST it has begun. Shareholders and non-executive directors have started to assert themselves. Recent happenings at General Motors,
    741 words
  • Article
    Lock icon Threat of new German strikes looms
    316 32 Reuter FRANKFURT Germany's private and public sectors face a tense week as public workers vote on a pay deal and a wage dispute in the metals industry could lead to a prolonged strike. Government officials showed increasing unease about the outcome of the vote
    Reuter  -  316 words
  • Article
    Lock icon Jakarta slaps curbs on foreign press
    393 32 Reuter JAKARTA Indonesia has imposed restrictions on foreign press coverage of its general election, barring a photographer and a television crew from the official opening campaign rallies. "It's not censorship," an Information Ministry official said yesterday. "Permission is necessary it is to do with
    Reuter  -  393 words
  • Page 32 Advertisements
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      Page 32 Advertisements Column 1
      171 32 Singapore's most popular Nitsuko Key Telephone System J T..flu II UliM —1 lIS An invitation to a FREE exhibition of Western Australian Investment Properties* Discover the benefits of investing in prime residential and commercial properties in Perth on the beautiful Swan River. Singapore Hilton Hotel, May 16 17, 1992 Singapore
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      Page 32 Advertisements Column 2
      17 32 Stocks rise sharply as protests end, Pg 26 Japan must achieve 3.5 pc growth: Miti, Pg 2
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      Page 32 Advertisements Column 3
      11 32 Panel to decide on Lloyds' appeal to get Midland data, Pg7
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      Page 32 Advertisements Column 4
      191 32 SINGAPORE (OM/HGI Distributor of the most sought after Kev Telephone System Tel: 278 7088 J Advertisement MALAYSIA STOCK MARKET Computerised databases designed for optimised indepth research Access to a high speed structured database gives undertake direct data sourcing and research. Our the Fund Manager and Researcher an added edge dedicated
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  • Shipping Times
    • Article
      PSA introduces safety guidelines for ferries
      360 33  -  By Rahita Elias SINGAPORE Ferry passengers are assured of an even safer passage through Singapore's harbour now that the Port of Singapore Authority (PSA) has started to launch a new set of safety measures. PSA will introduce a compulsory two-day Port Waters Familiarisation Course
      360 words
    • Article
      Lock icon Norwegian bank hit by lower ship values
      229 33 Lloyd's List LONDON Norway's second largest bank Christiania has started counting the costs of lower ship values as they impact on tax driven investment schemes. In its first quarter 1992 results, the bank now virtually state-owned said it had increased its general loan
      Lloyd's List  -  229 words
    • Article
      Lock icon Aussie ports suffering from poor transport links
      476 33 Waterfront reforms being negated, says report Lloyd's List LONDON A report into the movement of containers through Australia's major ports has confirmed that inefficient inland transport links to and from the waterfront continue to negate the benefits of waterfront reforms. It said inquiries
      Lloyd's List  -  476 words
    • Article
      Lock icon Japan may consider scrapping old ships in Asia
      176 33 AFP TOKYO The Japanese shipping industry is considering sending its old vessels, whose number is expected to surge toward the end of this century, to its Asian neighbours for scrapping, an industry spokesman said last week. The spokesman with the Japan Shipowners'
      AFP  -  176 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      842 33 Page Col ABC Containerline 12 1 Accord Group 8 1-3 APL 5 3-5 Arrow Inter 9 2 ASCL 5 9 Alpha Feeders 18 3 ANL 3 1/2 Bait Canada Line 7 4/5 Bait Orient Line 7 4/5 Batamindo 19 3 Bengal Tiger Line
      842 words
    • Article, Illustration
      Le Havre upbeat on box traffic from Asia
      488 33  -  By Tan Hua Joo SINGAPORE With Asia representing its fastest growing sector, the French port of Le Havre is actively promoting itself in the region. Last year, container traffic from Asia to the port grew by 11.5 per cent, compared to overall
      488 words
    • NEWS SUMMARY
    • LOG BOOK
      • Article
        Oman gets US$20m loan to expand port
        66 34 NICOSIA Oman said it signed an agreement on Saturday with the Kuwait Fund for Arab Economic Development for US$2O.4 million loan to finance expansion of Qaboos port. The Omani News Agency said the project would enable the port to increase its annual handling
        66 words
      • Article
        Oil washes up in Natal coast
        101 34 DURBAN, South Africa Patches of oil from the sunken Greek tanker Katina P have started washing up on the northern Natal coast, a spokesman for major landowners the Natal Parks Board said on Saturday. Mike Bouwer, who flew over the area, said oil had
        101 words
      • Article
        Seamen threaten to strike
        74 34 CARACAS Some 3,000 Venezuelan merchant marine workers will go on strike on Friday it their wage demands are not met, union leaders said on Saturday. Such a strike woujd paralyse some 70 ships and could leave Venezuela's main cities without gasoline reserves within 24 hours, experts
        74 words
      • Article
        NASA plans landers on Mars
        88 34 PASADENA, California NASA plans to place 16 small landers on Mars by 2003 to test the planet's soil and rocks and observe the weather. The landers, which are still in the development stage, would be sent on four separate launch vehicles between January 1999 and
        88 words
      • Article
        Iraqi ports ready to receive ships
        105 34 BAGHDAD Iraqi ports on the Gulf, damaged during the Gulf War. have been repaired and are ready to receive merchant vessels, a port official has reported. Abdel Razzaq Abdel Wahab told Iraqi television on Friday that the Khor al-Zubeir and Umm al-Qasr ports had
        105 words
      • Article
        Athens takes taxi drivers to task
        118 34 ATHENS Cheats and bullies among taxi drivers will face heavy fines and legal proceedings when found harassing customers, notably tourists, a government official said. They will also have to ask "politely" whether customers want to listen to music before turning on the radio, Constantin
        118 words
    • Article, Illustration
      Lock icon Managing a steady course
      1111 34 While there is still doubt about the size of the shipmanagement industry, the sector is seeing a period of consolidation in the 1990s after a decade of heady growth Lloyd's List International THE worldwide shipmanagement industry is now approaching a period of maturity and consolidation after
      Lloyd's List International  -  1,111 words
    • Article
      THE SHIPPING GUIDE
      13644 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
      13,644 words
    • Article
      SHIPPING AGENTS
      3506 47 A i m.M' Containerline NV: Belsin Shpg Agencies Pic Lid (SVMarine Handling Sdn Bhd (PK/PN) Accord Group: Accord Shpg Pic I til (SV Accord Conir Line (PK/PN). 1 Adkris Business C orporation Philippine Calsource Shpg Trdg Ptc l td (S) Xhrenkiel l iner Service Kim Shpg lrdg(S). j
      3,506 words
    • Article
      COURIER SERVICES
      276 47 Abacus Couriers Tel 545-8011. I ax: 545 IH*>K Air Kxprm I ravel Tel: 533-5771. Fax: *****44 Airborne Freight (orporation Tel: 542-8844 l ax: *****16. *****80 \irswift Worldwide Courier Tel: 278-0188. Fax: *****83. \JS Supplies Tel: 748-6322 (2 lines). 747-7421. Fax: *****75. City-link International Tel: 344-3377. Fax: *****50 luster
      276 words
    • Article
      AIR FORWARDERS
      1558 47 Abex Kxpress Freight Tel: 542-7171. Fax: *****84. Actinic Forwarder Tel. 225-1833. Fax: *****42. Actriair Singapore Tel: 542-7822. Fax: *****20. Aerolink Freight International Tel: 545-8033 Fax: *****05 Aerospeed Tel: 542-5911. Fax. *****18. Air Cargo Novo Kxpress Tel: 542-5454. Fax: *****06 Air Kxpress International Tel: 542-7666. Fax: *****74. *****50. Air
      1,558 words
    • Article
      PORT CONDITIONS
      2899 48 ARGENTINA Labour working normally. Buenos Aires: Slight congestion after the long weekend and vessels needing deepniraft berths are having to wait up to 2 days for a berth. Grain loaders allocated to elevator berths are having to wait 1-2 days. After a long period of inactivity, it was
      2,899 words
    • Article
      AIR FREIGHT SCHEDULE
      564 48 ARRIVALS I DEPARTURES Op Flight T>pe ETA T From Op Flight Type FTP T To TODAY TODAY KAL KE697 B747F 0150 1 SEL KAL KE697 B747F 0440 J BKK SIA SQ827 B747F 1730 2 CPH/DXB SIA SQ/ B747F 0715 2 DXB/LON CLX CV794 B747F 1845 I LUX/DXB
      564 words
    • Article
      SHIP SALES & TANKER RATES
      1396 48 SHIP SALES TANKER RATES VESSELS ON OFFER Bulk Carriers Galene: 71,730 dwt and built Sep 1977 Sunderland (BS), on offer in the region of USUSSI2m including timecharter till Jan 1995 at USUSS 12,400 per day. Benarita: 40,688 dwt and built Sep 1984 Sanoyas Corp, try and conclude at about USUSSISm.
      1,396 words
    • Article
      CRUISE & FERRY SCHEDULES
      668 48 CRUISE FERRY SCHEDULES CRUISE SHIPS Ait Pep Name of Vessel ETA ETP Ports of Calls Port Aget MAY 13 13 Royal Pacific 1000 1800 Sin-Jakarta Ocean Trade Chartering 14 14 Asean World 0900 1800 Sin-Hkt Sembawang Johnson 15 15 Cora Princess 1000 1800 Sin-Jakarta Harpers Shipping 17 17 Royal Pacific
      668 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        377 49 VnuI toy No 8«rtti AnM Depart** fcl ,lt P Ml Sinar Central 03 '92 J1 12 05 0900 1305/2000 Marina Terminal 1 Van Ommeren 2/N35 J3 1205/1200 1205/2359 Batam Baru B146 M04 alongsrfe 2 05 2300 12 05/1000 16 05/0800 Batam Murni *****6 M05 alongside 205 0500
        377 words
      • Article
        IN MALAYSIAN PORTS
        216 49 IllWfl Pot Berth: 1: ml; 2: Dalia Roja; 3: Aide; 4: Levantas; 5: ml; 6: Urn Master. 01 jetty: Bunga Taniung, Santi, Global Mars. Dw on May U: Petro Bulk Ruler. Bumeugah, Green Sea, Eft ****<* Jianc Wu Chang, Chang A*, Probo Boamng, Barge Josindo Satu,' Barge
        216 words
      • Article
        CONTAINER SCHEDULE
        1502 49 DELIVERY OF FCL IMPORT CONTAINERS IN PROGRESS 5" Vty Ho CoiUm .vafabte «p *1» *****2 0700 Kurama 15/216 COO(EST) 1005 92 1500 (3?y 205N *****2 0855 Msa Glory 205N COO(EST) 1005 92 2300 Neo 221 *****2 1020 N Coral 02W COO(EST) *****2 1500 iSTcte? 41/235 *****2 1125 N
        1,502 words
    • Article
      TRANSPORT DIARY
      1197 50 May 15-16 days): ISO 9000 for Warehousing and Distribution Centres, organised by Singapore Institute of Purchasing and Materials Management. For more details, please contact SIPMM Secretariat at tel: 273-4172 or fax: 274-1132. June 1-2 (2 days): Contract Formation The Materials Management Way, organised by Singapore Institute of Purchasing
      1,197 words
    • Article
      DAILY FREIGHTS
      468 50 DRY CARGO freight rates were steady, reflecting stable demand for spot Atlantic Panainax vessels, brokers said on Friday. A 15-point surge in the Baltic Freight Index to 1,255 reflected a catching up rather than new business, they added. Rumours of rates up to USS23 on the US Gulf/Japan
      468 words
    • Article, Illustration
      Lock icon Russian port Kaliningrad seeks foreign investment
      466 52 Former closed zone hopes to become Hongkong of the Baltic AP KALININGRAD, Russia This gray, grimy seaport on the western edge of the former Soviet Union is opening itself to foreign investment in hopes of becoming the Hongkong of the Baltic. Soon after the
      AP  -  466 words
    • Article
      Lock icon Asian nations agree to joint projects
      194 52 AP MOSCOW Leaders of seven Asian nations, including four former Soviet republics, signed an agreement last Sunday to build a trans-Asian railway and highway as well as a joint gas pipeline. The agreement, signed at a summit on regional cooperation in Turkmeniya's capital, Ashkabad,
      AP  -  194 words
    • Article
      Lock icon Chittagong only partially open despite end of strike
      294 52 AFP CHITTAGONG. Bangladesh Police traded gun shots with suspccted rightist activists near here on Sunday as bomb blasts marked the end of a day-long general strike in this Bangladesh port city, police said. "We arrested 13 culprits and seized a rocket-launcher after
      AFP  -  294 words
    • Article
      Lock icon 1991 a good year for bulk carriers: report
      498 52 ITJ LONDON In the foreword to the Platou Report 1992. Peter Anker of R S Platou Shipbrokers AS, Oslo, draws attention to two facts. Firstly, during the remainder of this century the world will have to depend on a lot of old
      ITJ  -  498 words
    • Article, Illustration
      Lock icon Venice to build subway overhead instead
      263 52 AFP VENICE, Italy Venice city council, bowing to strong criticism of its plans for an underground railway running beneath the lagoon, has decided to build most of it overhead. The revised project was agreed to late last Saturday after a week-long review of the
      AFP  -  263 words
    • Article, Illustration
      Lock icon Egypt sees no new ideas to solve Lockerbie row
      224 52 Reuter CAIRO Egyptian Foreign Minister Amr Moussa said on Sunday that Arab ministers had no new proposals to solve a six-month-old confrontation between Libya and the West over airliner bombings. Mr Moussa said that a current mission to Tripoli by United
      Reuter  -  224 words
    • Article
      Lock icon Petronas gets US$139m loan for LNG tankers
      203 52 Reuter KUALA LUMPUR Malaysia's state oil firm Petronas has obtained loans totalling U*****.5 million (SS23O million) to partly finance five new liquefied natural gas (LNG) tankers being built by a French shipyard. France's Banque Paribas arranged the U*****.5 million financial credits, which are
      Reuter  -  203 words
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      30 33 UftM and nrvicM raprtMaM Mirtm «f tIM Registry «f Accredited (?hS** Ihinnlng Ma—ti Mmm— tliHuri Site- ysMB&MiJ \VBgpr^/ P'Hj[ MSSOCSSXIOIie For adverti una enquiries, contact Shipping Times. Tel 740-21)89/741)- 2090
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      Page 33 Advertisements Column 2
      154 33 Nedlloyd T FAR EAST TO EUROPE/ MEDTTERRANEAN CALL: 221 8989 A* forwarders 15 Air Fraght Schedule K Container Schedule 17 Couner Services 15 Cruise Ferry Schedules 16 Daily 18 index 1 Port Conditions 16 Shipping Agents -15 Shipping Giade 10.11 Shpsaies/Tanker Rates 16 Ships in Port 1' Singapore Ides 1'
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      95 34 ifip§ /~^y It could be a controversial deal between two stock 17 market stars, a thought-provoking report by >d( university researchers on the latest trans-European FOCUS zooms in on the news and issues of the day and looks at them in more depth and breadth. FOCUS is the news feature
      95 words
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      2036 35 M OOCL (S) PTE LTD JARDINE SHIPPING AGENCIES *111## Www ir BOOKINGS TEL: *****34 *****58 TERMINAL/CFS TEL: *****18 220 I* ***** '1 PESAKA JARDINE SHIPPING AGENCIES SON. BHD. LVflflf J PORT KELANG TEL: *****18 FAX: *****91 *****88 rv PENANG TEL: *****4 FAX *****1 CFS TEL: *****6 ■■■■■■■I Dedicated to Quality
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      Page 35 Advertisements Column 2
      979 35 Find out how sellers are reaching out to buyers in Advertising and Marketing. Every Thursday in BT immMTHk 1 UNITED ARAB SHIPPING MM H I VSI/VOY sm WYC I BAL OKf S« ■55 rau n I I ItL MTTTM lli U/S 71/t I Zi/t H/i Wt Ikummmh n/« mi M
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      Page 35 Advertisements Column 3
      1332 35 ■BlMlfll NEXT SAILING TO U.S.A. SEA LAND EXPRESS VI74E ETA SIN 18/5/92 MARIT MAERSK V 9208 ETA SIN 19/5/92 Vessel Voy I ETA ETD Feeder by DESTINATIONS World Lynx/ Arte* This wee* Marie Maersk 9206 CY 12/5 0800 HRS Port BRI CFS 11/5 2359 HRS Kelang Penang OAK LGB HOU
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      Page 36 Advertisements Column 1
      754 36 R dam/ "Tajwm I VOY NO S PORE JEDDAH S HAMTON H BURG ANT IE HARVE I i sfimf 24/119 14/5 23/5 6/6 2/6 1/6 1. Ml HJTBOUB I I HOECHST EXPRESS 03/319 17/5 3/6 5/6 8/6 9/6 PORT KEIANG I PCNANG I HAMBURG EXPRESS 08/120 22/5 31/5 14/6 10/6
      754 words
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      Page 36 Advertisements Column 2
      590 36 BEABPAC SERVICE COMTAINEMS U B»IAKHIU IMRECT SOUTH PACIFIC SERVICE I SIN NOU SUV PPT I JANIKA II 3601E8 25-27/5 7/6 10/6 16/6 I PAIEMBANG 3702E8 25-28/6 10/7 13/7 18/7 I Transit Time 1—1(13) (16) (22) I I M.SO ACCFPIING CARGO VIA SUVA 10 IAUIOM. PAGO PAGO. I APIA. NUKUAIOF A.
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      Page 36 Advertisements Column 3
      1226 36 Klwana im Hmmßß REGULAR INDEPENDENT FULL CONTAINER SERVICE WESTBOUND TO EUROPE WL/VOT SIR ALG BCL HAM BRE ROT ART FEL (VIA (VIA VM ALG) HAM) ROT) N. PRINCESS 9210-3 12/05 28/05 30/05 01/06 02/06 03/06 04/06 05/06 07/06 NORASIA PEARL 9211-3 18/05 08/06 10/06 12/06 13/06 14/06 15/06 16/06 17/06
      1,226 words
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      Page 37 Advertisements Column 1
      1758 37 a au«vo| uvouwj STRAITS SHIPPING PTE LTD 15 Ho« Chiang Road #09-01 Sanford Building Slngapoft 0208 Tal: *****88 Fax: *****17 ACCEPTS CHJt SAILS SW*£ CARGO ESTEBRUCa V 09M 13-14 MAY 10-17 MAY STRAITS HOfC »06E Muari. Skin. Ti« hft 12 May MARION V 005K 10-17 MAY 20-21 MAY RAiAH BROOKE
      1,758 words
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      Page 37 Advertisements Column 2
      1710 37 SINGAPORE AGENT: ■■hMK njjyA PAnfoinat»C PAO Containers (Singapore Agencies) Pte Ltd 1 iVI W 15 Hoe Chiang Road #08-02 to 06 Sanford Building. Singapore 0208 PTOm Tel: 225 2233 Telex: RS ***** PNOCSP Fax: 225 5327/222 7517 Y CR Number **********0Z vtuiL vov I-MM -«te mm I aio sou amt
      1,710 words
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      Page 38 Advertisements Column 1
      585 38 CR NBR **********0-0 1 EXPRESS SEMI CONTAINERSHIP SERVICES I TO EUROPE I VSI VOt STOtt ROAM. *OAM H'BURG BHMEN ANMW I ETA 0 KUTAI/25N8 1123/S K/S 1/7 5/7 10/7 FAST TRANSIT TIME I ACCEPTING BREAKBULK/CONTAINERISEO CARGO Sub|«ct to Inducement. Atoo accepting cargo lo Casablanca, I Poet Said, Port Alexandria, Genoa.
      585 words
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      Page 38 Advertisements Column 2
      1189 38 (g) HANJIN SHIPPING cm iiw UAIB lis OAK FDR VSI SIN LME lIAIA. SAV ER WYC n* "J*"* 01 l< f ft 6 HANJWCICJU O»JE 22/6 H KEEIUW 0371 30/7 31/7 2/1 HANJM BREMEN 003t 16 5 DMCT 6 0 6 HMUWC**U PRONTIOUS 03 IE 25/6 26/6 21/6 HANJM FELIXSTONE
      1,189 words
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      Page 38 Advertisements Column 3
      1014 38 i k■ J I■| I -JtH H tr mi r rus tail osk nct au no iai chs bal nc iw nr «g pso cm f*i s f. I I OIMIIH «o*l3 S 14/S »/i 1* 5 W n t "j" j j 2 7 ,J'| jj/7 }■/7 217 7/1
      1,014 words
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  • Page 39 Advertisements
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      Page 39 Advertisements Column 1
      1215 39 > MPPTIINP AGENCIES PTE LTD SINGAPORE TEL: *****77 (CR NO: **********0E) VT SKIMQ? T?LL FREE) r NEPTUNEL.NK TEL *****00 (TOLL-FREE) P,??qFR^c J *****00 TERMINAL OFFICE *****22 *****00 IMPORT CFS MB2: *****69/*****96 *Clw A UK/EURO 4 SERWE ;j7.7M0 EXPORT CfS MO2 *****M/222.550 fiuf AUST/INCMA/PAK SERVICE *****00 *****0. J Bahru-(07) *****2/3/4 Jl?a^ta
      1,215 words
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      Page 39 Advertisements Column 2
      878 39 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD BOOKING: *****51/ *****64/ *****06 (FESCO LINE) ENQUHES: *****33 MARINE INSURANCE SERVICE: *****67/ *****87 Kl' 03-*****75/697 PORT KELANG: *****43/ *****40 JAKARTA: *****57 PENANG: *****4/ *****8 JOHORE BAHRU: *****1/ *****1 (REGULAR INDEPENDENT SERVICE) FULL CONTAINERBHIP SERVICES EASTBOUND—OBCHMON6 WKTBOUND-lOAOWG TMHSWTEP WA BOTIBPMI Imas wt li I
      878 words
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      1329 40 u AS AGENTS: KAWASAKI SINGAPORE (PTE) LTD ICR No: **********0 M) WF TEL- *****77 TELEX: KAWAKI R*****5 FAX: *****07/8/9 i mi MALAYSIA: "K" UNE MARITIME (MALAYSIA) SDN BHD IH/ TEL: SA *****00 PK *****01/5 PENANG *****0 JB *****1 KAWASAKI KISEN KAISHA, LTD INDONESIA: P.T. SARANA LAUTINTERNUSA TEL: JKT *****76. *****77.
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      Page 40 Advertisements Column 2
      1135 40 PHIU-ORKNT UN€S PT€ LTD W 108 Robinson Road #07-00 GMG Building Singapore 0106 Te1:*****22/*****69/*****00Te1ex:R*****0FAX:*****76 *****38 BY AIR, LAND OR SEA.... m WE TAKE ON THE WORLD FOR YOU MEMBER OF SINGAPORE FREIGHT FORWARDERS ASSOCIATION 4 AUSTtZAUAMEWZEALAND/SOUTHPACIFIC FCIACL SERVICE I 13 SK GHRISTCHURCH j 28 MAY SUVA. NOUMEA, PAPEETA. APIA. LAUTOKIA,
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      1682 41 PACIFIC INTERNATIONAL LINES (PTE) LTD wSSSSff Kl UrntKH 140 Cecil street #03-00 PIL Building. Singapore 0106. Tel: *****33 CFymOOBO67OOOOE IJARMttA 1 [BijßSfnit j VOY SIN BKK SIN VESSEL VOY sm JKT SIN SRISAMUT (THAI FLAQ) SRS2I7 13/5 EQUATOR HAWK 43N 14/8 18/8 21/5 ESTEBRUQGE 0»N 13/5 18/5 20/5 KOTA INOAH
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      689 41 EXPRESS CONTAINER SERVICE TO UK-NORTH CONTINENT-SCANDINAVIA WEEKLY FEEDER VESSEL PENANG P KELANG OCEAN VSL/VQV SJN SOU (1) R (2> HAM (3) GOT (4) ANSON/TBN 8/5 9/5 TOY AM A 2162 ]2lb Oil 1/6 3 6 ANSON/TBN 15/5 16/5 AROSIA 2192 19<_5 5/6 7/6 8/6 10/6 ANSON TBN 22/5 23/5 NIHON
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      Page 41 Advertisements Column 3
      275 41 mm. MYANMA mml FIVE STAR LINE (Myanmar National Line) Loading for Yangon (Rangoon) Spore P.KI| Pen P.Gdf WA AN M77W H/21 Mj» 15/17 Ma, PAGAN VIS3W 25/21 Mjy HPA-AN Vl7l* 1/10 tun NIGERIAN NATIONAL Ml SHIPPING LINE fftP NIGERIA EXPRESS SERVICE RIVER MAJE V.49 SINGAPORE 22 May ETA Lagos 15
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      2126 44 Full Container Liner Services Malaysia's Agents: Indonesia's fffcrf Cum Cm* Shipping Sdn Bhd Chang Chita Shipping Sdn»oM P.J. MM **omem General Agents: Booklet Agents: 58 Ptrsuftn Rap Muda Uusa 2SA titan Kotni Hritr Costar Shipping Pie Ltd Shipping Freight Booking Centre Sdn Bhd t?000 Poft Kling off latan ipoh. Stntui.
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      Page 44 Advertisements Column 2
      286 44 SAMUOOA MBMCSU PTE LTD 19 McCALLUM STREET #14-0* NATWEST CENTRE Singapore 0108 T«to>: R*****0 Tel: *****01-3 Fax: 225 *****38 FOR bookings call direct uhe TEL; *****41/*****43 SM/JAK SERVICE VESSEL voy sin jak MERKUR DELTA 922 IN PT 16/05 (SAT) OERAJAT 981 IN PT 15/05 (FRI) ENNO 901 15/05 (FRIt 17/05
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      604 45 /jg FAMOUS CONTAINER LINES 1 o ANSON RD. #15-21 INTERNATIONAL PLAZA, S'PORE 0207 HOT LINE *****33 24 LINES LIMASSOL/PIREAUS 17/5 ROTTERDAM 17/5 HAIFA/ASHDOO/ALEXANDRIA 17/5 HAMBURG/BREMEN 17/5 MARSEILLE/FRANCE 17/5 FELIXSTOWE/UK 17/5 BARCELONA/SPAIN 17/5 LEHAVRE/ANTWERP 17/5 GENOA/ITALY 17/5 GOTHENBURG/SCANDINAVIA 17/5 LOS ANGELES/WC/ffl 17/5 SYDNEY/MELBOURNE 15/5 NEW YORK/EC 17/5 FREMANTLE 15/5 VANCOUVER 17/5
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      Page 45 Advertisements Column 2
      1333 45 fSpScHnEU^^ 03 TEL: *****33 (12 Uims) BFAX: ***** IS/*****03 TELEX: R3 ***** RISHIP (3 Llw) ji fr" ETHWHAN SHIPPING LINES Y (National Lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL VESSEL IVOY ETA LOADING FOR SPOW6 NETSANET P6WB 05/06 DARESSALAAM MOMBASA DJIBOUTI ASSAB MASSAWA ABVOT 29W8 05/07 DARESSALAAM MOMBASA DJIBOUTI ASSAB
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      Page 45 Advertisements Column 3
      361 45 tapa Hen-UN VSL VOY SMGAPORE MADRAS SMGAPORE vessel KIT MA* SM IIGU* BftDGE 203* 11 11/05 16-11/05 24-25/05 TIGER STAR ISN 13-14/05 20-22/05 21-29/05 TIGER SPIED 204* 16-17/05 23-25/05 30-31/05 IKEA CIOUD 16* 20-21/05 24-21/05 03-06 OS TIGER BRCGE 205H 23-24/05 30 01/06 06-07/06 VSL VOY SMGAPORE/CALCUTTA/SMGAPORE VESSEL VOY Sit
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      826 46 S'PORE IMPORT: *****11 I PENANG: (04) *****6 SIBU: (084) *****9 KK: (066 *****0 TAWA U: *****9 P.KELANG: (03) *****77 JAKARTA: (21) *****32 KUCHINQ: (082) *****3 SURABAYA: (31) *****0 UK/SCAN/MEO PORTS COLOMBO'S. AFRICA f ptN PK SIN PEN PK SIN Coloinbo 15/5 16/5 17/5 16/5 17/5 18/5 Ldn/Flx/Rdm/Ant Durban/Pi Louis 15/5
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      Page 46 Advertisements Column 2
      241 46 BLUE star line TO FROM ZEALAND AND T/S TO FIJI TO AND FROM NEW ZEALAND PORTS SM NPI Ml m SIN N2 SIM 0520 15/5 \H\ *J* JJJ X pacyKß igs ?9/S 10/6 VIA NPi 12/$ SESKa 2TS 12/4 24/6 «A m. 2t;6 I J/7 FULLY CONTAINERISED SAILINGS DISCHARGING AT
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      Page 46 Advertisements Column 3
      1060 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 convMnnomL/coiiiA—N I COHTAINEB MHWCIS I SINGAPORE TO WEST MALAYSIA SINGAPORE TO WEST MALAYSIA VESSEL [VOT In* IMST VESSEL VOT SPORE P.
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  • Page 49 Miscellaneous
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      Page 49 Miscellaneous Column 1
      442 49 TIDES AND WEATHER TODAY'S TIDES (hwdit in metres) HOUR 0000 0100 0200 0300 0400 0500 0600 0700 0100 **************************************** MOO 2000 2100 2200 2300 13 12 12 1 3 16 19 22 25 25 23 19 15 1 1 09 0 7 08 10 14 18 2 2 Z4 24
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      225 50 ULTIMATE SEWVICES H V* vET»- »pw——WWB——WWWWWBWWWBHWMBMMiMiiIiiBI. >' f J wwbuh f I NZ -*oeto rntmmrm* i'%Xs£&. T „r,, rri l^Wi »*,toy^w.MmiMwt>—kt, M*fc? fc>i»jwwii.wi*ii> «i»JJ*I >ji PACIFIC ISLANDS I ;/iSKk tMiMb U Nto* Mm**, -'■fclHr~' flplltlfW, Sticttota. i&i -V;- V? 1 *£§ijp§M^i &o«i* ct«», *wi m we. impel,: iaSfe i? J!v
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      Page 50 Advertisements Column 2
      358 50 i, cosco I UKC CONVENTIONAL SERVICE VESSEL PKL PNG P.O. LOADING FOR: A VESSEL 28/05 Rott«fd»m/Antwerp CHINA CONVENTIONAL SERVICE VESSEL PKL PNG P.O. LOADING FOR: KAIHENG 15/05 20/05 Huangpu/Guangihou CQBCO FULL CONTAINER SERVICES (FCL/FCL) EXPORT TO: CHINA/BANGKOK/HONGKONG EUROPE/CONTINENTAL WEST MEDITERRANEAN AUSTRALIA US WEST COAST PERSIAN GULF/KARACHI Please refer above mentioned
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      Page 50 Advertisements Column 3
      311 50 Don't miss Personal Finance Investment in Business Times every Saturday WEEKLY UQL CONSOLIDATION A 4 gzSingapore=lndia mSmm BOMBAY MADRAS CALCUTTA I COLOMBO KARACHI CHITTAGONG I 4788 FAX: 227?053 WORLDGATE EXPRESS UNES PTE LTD I Tek *****11 Fax: *****73 Ttk» ***** WGATC I Calcutta Chlttagong PORTLOU s |^j-i Karachi COLOMBO 17/5
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      Page 50 Advertisements Column 4
      17 50 Find out how sellers are reaching out to buyers in Advertising and Marketing. Every Thursday in BT
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      1143 51 L HYUNDAI WEBCHAMT J VIA FEEDER [PACIFIC SOUTH-WEST SERVICE I I PfW* PKE* PGD* SM* TO USA VOY MO LBt* OAK DAL/HOU CH SLU NVC 1 28/04 22/04 24/04 01/05 H. INNOVATOR 49C 08/05 25/05 28/05 28/05 29/05 29/05 31/05 j I 05/05 29 04 01/05 08/05 H. EXPLORER 481
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      Page 51 Advertisements Column 2
      577 51 F SPECIALIST IN RO-RO I HEAVY LIFTS I L INBOUND VESSELS I I «MU W N IK 11 I I •ALIA 101* 1 SID IN r I I TUNS AUTO 39 ■PT MUM I I SEHI CEDAI II 11/S I SEA LAM S) If S 11/S I SOMA! I) 11/S
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      Page 51 Advertisements Column 3
      992 51 OUR SERVICE CALLS SINGAPORE I"' m l*" I" r""% r DIRECT EVERY mm* «sn o» os uum lum imto m«» 02 m iin Q3-m o««t WEDNESDAY I MM sum* VMI MIKATOi DBCMKi »»«11 WW ]M_ ILL mm mm «sn TToT Mima nw iwi; ??ti w u.m \i i?/« urn nm
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      Page 51 Advertisements Column 4
      129 51 BINTAM MAS SNIPPING PTE. LTD. I 39 NEIL ROAD SINGAPORE 0208 TEL: *****88 TLX: R*****5 SINMER FAX: *****64 ACCEPTS IWTS Of stok cmgo w sum note BMTMK SUM* VIII ki Ml 2 Mat 01 1# tehAi Mn. KB** mcuiT nm vo* imi m*t m u ■MTMK KIMT *IU IS-1* MJI
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      62 52 Every Saturday in Business Times I I Tfie Etecutue Housekeeper -this Wei 1 O \Vitt, I I wants is me. Bob I'll never nglec-t I Any Job. Any Career. Available any Day. Any Time, anywhere. The Straits Times The Sunday Times Business Times The New Paper LIANHE ZAOBAO LIANHE WANBAO
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      Page 52 Advertisements Column 2
      210 52 Every Saturday i Business Times notice ARGENTINE REPUBLIC MINISTRY OF ECONOMY AND PUBLIC WORKS AND UTILITIES SECRETARIAT FOR TRANSPORTATION REF: Call for National and International Public Bids on base pnee for the sale of eighty five percent (85%) of the parcels of shares of Empresa Lineas Mantimas Argentinas Sociedad Anonima
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