The Business Times, 9 June 1992

Microfilm: NL18214
Total Pages: 48
1 48 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, June 9, 1992 75*
    16 words
  • NEWS SUMMARY
    • Article
      Debt arrears of ex-Soviet states hit US$600m
      48 1 LONDON The former states of the Soviet Union have run up debt arrears of about US$6OO million (SS97B million) this year, setting alarm bells ringing in Western eapitals as preparations are made for a July summit with Russian leader Boris Yeltsin.
      48 words
    • Article
      Tokyo listed firms see 2,237b yen loss
      48 1 TOKYO The Wako Research Institute of Economic said 1,086 companies listed on the Tokyo Stock Exchange's first section suffered a combined non-operating loss of 2,236.8 billion yen in the year to March as a result of slumping stock and land prices.
      48 words
    • Article
      Out of the Third World
      36 1 INDONESIA is ready to leave the ranks of the world's poor and nearly double the income of its population by the end of the decade, the World Bank says Page 2
      36 words
    • Article
      Scandal hits LDP, again
      39 1 JAPAN'S Prime Minister Kiichi Miyazawa and his governing Liberal Democrats were dealt a heavy blow yesterday when a key Cabinet member was swept up in an influencepeddling scandal ahead of elections next month Page 2
      39 words
    • Article
      A prospective investor
      42 1 SOUTH African President F W de Klerk says Singapore is an investing country with constraints on space and labour, but is "a prospective investor in a big way in South Africa" which possesses these attributes in abundance. Page 3
      42 words
    • Article
      Indochina fund aborted
      38 1 VIETNAM'S attempt to attract foreign capital for an ambitious programme to return state industries to private hands started on a disappointing note with the failure of the first direct-investment country fund for Indochina Page 8
      38 words
    • Article
      Back on track
      35 1 TWO of India's most senior bureaucrats are convinced that the Indian economy is back on track and is likely to be removed from credit-watch by international credit-rating agencies by August Page 8
      35 words
    • Article
      Reassessing investment
      32 1 JAPANESE manufacturers who flooded the US with investment in firms and factories in the late 1980s are taking a cold, hard look at how they spent their money Page 9
      32 words
    • Article
      Austen's quality target
      24 1 SINGAPORE shipmanager Austen Maritime is out to gain international recognition of its ability to offer quality services. Shipping Times Page 1
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  • MARKETS SUMMARY
    • Article
      Dow higher
      33 1 WALL STREET was mixed in early trading yesterday. The Dow average dipped 3.37 in the first half-hour but then rose slightly to show a 1.30point gain one hour into the session.
      33 words
    • Article
      Footsie lower
      32 1 LONDON share prices were lower at midday yesterday on the London Stock Exchange. At 1115 GMT, the FTSE 100share index was down 16.9 points, or 0.6 per cent at 2,651.6.
      32 words
    • Article
      Hai Sun Hup bonus plan
      32 1 MARINE-BASED Hai Sun Hup Group, which announced a 20 per cent growth in its earnings, is planning to reward shareholders with a one-for-four bonus issue Page 4
      32 words
    • Article
      Good response
      33 1 LIANG COURT Holdings Ltd's new share offer has received a warm response from investors and initial indications are that it could trade around 90 cents on the grey market Page 4
      33 words
    • Article
      Manila stocks soar
      29 1 RENEWED investor confidence in the Philippines, following last month's election, drove share prices 4 per cent higher to close at a record high yesterday Page 5
      29 words
    • Article
      HSBC on Canary Wharf
      32 1 HSBC Holdings pic, which is on the verge of acquiring Midland Bank, yesterday denied it was substantially exposed to the beleaguered Canary Wharf project in London Page 6
      32 words
    • Article
      CURRENCIES
      24 1 Exchange rates USS SS 1.6265 100 Yen SS 1.2797 MS SS ***** Money market rates Overnight 2 3/4% -3/16 3-montn 3 3/16 +1/8
      24 words
    • Article
      COMMODITIES
      38 1 London Gold AM fix USS338.50 USS-0.35 Rubber S'pore July 142.25'/kg +0.50 M sia July.... 220.50«/kg +0.50 KL Tin Turnover 38 tonnes -18 Spot MS 15.91/kg -0.03 Crude palm oil Turnover 1,279 lots +152 Aug MS872 /tonne unch
      38 words
    • Article, Illustration
      STOCK INDICES
      28 1 Monday Change BT-MGA 718.44 -0.66 Kuala Lumpur ....585.39 -1.77 Tokyo 17.655.06 -134.98 Hongkong 5,978.75 -57.05 Sydney closed Friday Change New York 3398.69 -1.31 London 2668.5 -13.4
      28 words
  • Article
    Japanese report raps US as world's most unfair trader
    536 1 TOKYO In what is seen as the first step in an aggressive new strategy, a Japanese government advisory council has attacked the US as having the most unfair trade practices among the world's industrialised nations. In a report released yesterday, the
    536 words
  • Article, Illustration
    Lock icon Singapore investors moving into M$ deposits
    606 1  -  Depositors attracted by higher rates, prospect of exchange gains By S N Vasuki SINGAPORE Singapore investors are increasingly parking their excess funds in Malaysian ringgit fixed deposits, enticed by high interest rates as well as the prospect of reaping exchange gains from the strengthening
    Source: Bloomberg  -  606 words
  • Article
    Suspense hinges on margin in expected Golkar victory
    327 1  -  From Maggie Ford in JAKARTA AS Indonesians go to the polls today to elect a new National Assembly, the question on nearly everyone's mind is not who will win but by how much the ruling Golkar Party will win. The Golkar Party
    327 words
  • Article
    Mortgage rates unlikely to fall soon despite prime cut
    333 1  -  By Hong Lee Tiam SINGAPORE Home owners and prospective buyers who arc waiting for mortgage rates to fall may be in for a disappointment. With pace-setter DBS Bank cutting its prime rate by a quarter point to 5.5 per cent last
    333 words
  • Article
    Lock icon M'sian economy grew 9.2pc in first two months, says Bank Negara
    411 1 MBT KUALA LUMPUR Malaysia's economy chalked up a 9.2 per cent growth in the first two months of the year, and the forecast of 8.7 per cent growth for 1992 is "achievable and reasonable", according to Bank Negara governor
    MBT  -  411 words
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      157 1 Nikon The World's Finest Photographic System. Aircraft Schedule 27 Jakarta Bangkok Stocks 22 TV Radio 12 Commodities 26 KLS£ 21 Unit Trusts 19 Company News 46 Money Changer Rates 27 Weather 27 Cryptic Crossword 27 Money Market 25 World News 9 Editorial 10 Regional News 8 Financial News 7 Regional
      157 words
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      Page 1 Advertisements Column 2
      8 1 Indonesia set to leave Third World, Pg 2
      8 words
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      Page 1 Advertisements Column 3
      12 1 Quick count likely, Pg 8 PDI ran most professional campaign, Pg 8
      12 words
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      Page 1 Advertisements Column 4
      204 1 Nikon The World's Finest Photographic System. Japanese Arms reassessing direct investment in US, Pg 9 PARFUMS Cartier• Rons ™,FATHER'S DAY A special gift for a special day. =g=^£=a a/tier Boutique/ SINGAPORE Palais Renaissance, #01-03. 390 Orchard Road Tel: *****93 Hilton International, #01 -04, The Shopping Gallery, 581 Orchard Road Tel:
      204 words
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  • PAGE 2 NEWS
    • SINGAPORE ROUNDUP
      • Article
        Keppel offers overdraft to TMCC members
        108 2 KEPPEL BANK has joined the golf-club finaneing craze, offering a $100,000 overdraft to members of Tanah Merah Country Club. In the past months, golf elub members have been aetively wooed by a string of major banks, including Citibank, DBS Bank and United Overseas Bank.
        108 words
      • Article
        Brewery sponsors recycling bins
        107 2 ASIA PACIFIC Breweries has provided 80 recycling bins at the void decks of four housing estates for the collection of old newspapers, magazines, books and discarded drink cans. The bins are part of the brewery's contribution to educate the public on the issue of recycling, said
        107 words
      • Article
        Senoko incineration plant opens
        114 2 THE Environment Ministry yesterday announced the opening of its Senoko incineration plant. A press statement said the public can bring their refuse to the plant from Bam to spm daily. The public is reminded that the plant will not accept toxic industrial waste, such as oily
        114 words
    • Article
      Lock icon Indonesia set to leave Third World, says World Bank
      477 2 Per capita income expected to double by 2000 Reuter JAKARTA Indonesia is ready to leave the ranks of the world's poor and nearly double the income of its population by the end of the decade, the World Bank says. But it
      Reuter  -  477 words
    • Article
      Lock icon Monopolies are hurting deregulation: report
      501 2 Reuter JAKARTA The World Bank has criticiscd two trade monopolies run by sons of Indonesian President Suharto, saying they go against an otherwise praiseworthy deregulation programme. The bank, in a confidential report, advised the government to wind up a clove monopoly run by Hutomo Mandala
      Reuter  -  501 words
    • Article
      Lock icon Tokai hosting meeting of chairmen of five Asian banks
      196 2 AFP TOKYO Japan's Tokai Bank Ltd is hosting in Nagoya today the first meeting of an Asia advisory board grouping the chairmen of five hanks from Hongkong, Indonesia, Malaysia, Singapore and Thailand. The board, set up in January, aims to increase
      AFP  -  196 words
    • Article, Illustration
      Lock icon New bribery scandal hits Japan's LDP ahead of polls
      453 2 UPI, Reuter TOKYO Prime Minister Kiichi Miyazawa and his governing Liberal Democrats were dealt a heavy political blow yesterday when a key Cabinet member was swept up in an influence-peddling scandal ahead of elections next month. Documents suggest Koichi Kato, the
      UPI, Reuter  -  453 words
    • Article
      S Africa keen on S'pore investments, says de Klerk
      590 3  -  Country is hungry for foreign investments By Salil Tripathi SINGAPORE South African President FW de Klerk says Singapore is an investing country with constraints on space and labour, but is "a prospective investor in a big way in South Africa" which
      590 words
    • Article, Illustration
      Manufacturers plan long-term strategy to improve competitiveness
      402 3  -  By Joseph Rajendran SINGAPORE The Singapore Manufacturers' Association (SMA) plans to map out a long-term strategy to help improve the competitiveness of its members. This strategic plan, to be drawn up in the next year, will lay out concrete proposals to tackle issues
      402 words
    • Article
      Housing for elderly urgent issue: scholar
      407 3 SINGAPORE Singapore needs to address the issue of housing for the elderly more urgently, a Jones Lang Wootton scholar said yesterday. This is because the country is poised to take over from Japan as the country with the fastest ageing population by the turn
      407 words
    • Article
      Lock icon HK, China agree to proceed quickly with airport project
      276 3 Reuter BEIJING Hongkong Governor David Wilson met Chinese Premier Li Peng yesterday and said both sides agreed they should move ahead quickly with a controversial airport project in the British colony. Beijing has yet to approve Hongkong's financing plan for the
      Reuter  -  276 words
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      Page 2 Advertisements Column 1
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      245 words
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
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      283 words
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      Page 3 Advertisements Column 2
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      123 words
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  • COMPANY NEWS 1
    • COMPANY BRIEFS
      • Article
        Pacific Bank move approved
        89 4 KUALA LUMPUR Pacific Bank Bhd has obtained Bank Negara's approval to invest up to Ms 7 million (554.5 million) in a new venture-capital company, B I Walden Ventures Kedua Sdn Bhd, representing a 23.3 per cent equity interest of the Ms3o million share capital to be
        89 words
      • Article
        Bedford holders approve deal
        80 4 KUALA LUMPUR Bedford Bhd's shareholders yesterday approved the acquisition by its associate company, Vintage Heights Sdn Bhd (VHSB), of a property known as Telok Merbau Estate in Sepang from The East Asiatic Company (M) Bhd for M 5206.3 million (S$ 132.0 million) in cash. They also
        80 words
      • Article
        DMT sells more Goldtron shares
        49 4 SINGAPORE DMT Investment (HK) Co Ltd has sold another 10.1 million Goldtron Ltd shares, Goldtron said in a statement. Together with the sale of 9.5 million shares last week, this brings to 19.6 million the 20-cent shares that it sold at 68 cents each.
        49 words
      • Article
        OCBC unit changes name
        40 4 SINGAPORE A subsidiary of the Oversea-Chinese Banking Corporation Ltd, Tanjong Pagar Properties Ptd Ltd, has changed its name to Shan-Balestier Properties Ptd Ltd, a company statement said yesterday. No reason was given for the name change.
        40 words
      • Article
        Letter to VDH withdrawn
        66 4 SINGAPORE A letter of requisition from Overseas Union Bank Nominees (Ptd) Ltd to Van Der Horst Ltd (VDH) has been withdrawn. In the letter dated May 15, OUB Nominees asked for an extraordinary general meeting to be convened to consider the removal of directors Edward Goh
        66 words
    • Article
      PCL to transfer vessel to Malaysian flag to lower costs
      289 4  -  By Juliette Walker SINGAPORE Listed Pacific Carriers Limited (PCL) announced yesterday it will transfer ownership of one of its vessels to a newlypurchased Malaysian shelf company in order to lower operating costs. A statement by the Kuok group shipping arm
      289 words
    • Article
      Hai Sun Hup planning one-for-four bonus issue
      579 4  -  First and final dividend of lOpc recommended for 1991/92 By Rahita Elias SINGAPORE Marinebased Hai Sun Hup Group, which announced a 20 per cent growth in its earnings, is planning to reward shareholders with a one-for-four bonus issue. The company expects to maintain
      579 words
    • Article, Illustration
      Lock icon Samy Vellu to detail Telekom share sale to Cabinet: Dr M
      227 4 Reuter KUALA LUMPUR Malaysian minister S Samy Vellu, accused of misappropriating shares in Telekom Malaysia Bhd, will be asked to explain his actions to the Cabinet next week. Prime Minister Mahathir Mohamad said yesterday. The Energy, Telecommunications and Posts
      Reuter  -  227 words
    • Article
      Lock icon UCM enters Shenzhen air-con venture
      230 4 Bernama SHAH ALAM In a move to expand its operations overseas, UCM Industrial Corporation Bhd has finalised a joint-venture agreement with China National Automobile Industry Import Export Corporation to manufacture and distribute complete airconditioning systems and components in Shenzhen, China. Tan Kim Leng, executive chairman
      Bernama  -  230 words
    • Article
      Liang Court share offer receives warm response
      340 4  -  By Magdalene Ng SINGAPORE Liang Court Holdings Ltd's new share offer has received a warm response from investors and initial indications are that it could trade around 90 cents on the grey market, 20 cents above its issue price. Brokers and analysts yesterday
      340 words
    • Article
      S'pore firms buy Aussie office block for A$19m
      192 4 SINGAPORE Jurong Cement and the Asia Insurance Co Group have entered into a three-way venture to purchase an 18-storey office building in Australia for A 518.9 million (5523.44 million). The two companies hold an equal 45 per cent stake each in the
      192 words
    • Article
      Ssangyong unit to take 51pc stake in chemical firm
      101 4 SINGAPORE A Ssangyong Cement (Singapore) subsidiary has signed an agreement to acquire a SI per cent stake in chemical import-and-export company, De Neef Far East Trading (DNFE), for $222,000. The subsidiary is Vermiculite Industries (Pte) Ltd, wholly-owned by Ssangyong. DNFE plans
      101 words
    • Article
      Lock icon FCW board to give views on revised offers soon
      230 4 Bernama KUALA LUMPUR The board of Federal Cables Wires Metal Manufacturing Bhd (FCW) will tell shareholders its views on the revised offers of Leader Universal Holdings Bhd and Ekran Bhd within 14 days of receiving the offer documents. FCW chairman Nik
      Bernama  -  230 words
    • Article
      FCW shareholders pondering possibilities offered
      514 4  -  Leader bid gives flexibility, Ekran proposal good for short-term gain HOCK^ By Leslie Lopez KUALA LUMPUR As the three predators stalking Malaysia's Federal Cable Wires Manufacturing Bhd (FCW) put the finishing touches to their takeover bids, FCW's shareholders are debating which offer will provide the
      514 words
    • Article
      Lock icon Confidence lifts Manila shares to record high
      391 5 Analysts say sentiment is strong following election Reuter MANILA Renewed investor confidence in the Philippines, following last month's election, drove share prices 4 per cent higher to close at a record high for the third trading day in a row, brokers said yesterday.
      Reuter  -  391 words
    • Article
      Japan's Daikyo cuts sponsorship of Aussie sports events
      469 5  -  From Florence Chong in SYDNEY JAPAN'S Daikyo Inc, which has a strong presence in Australia, has finally bowed to the economic recession by cutting expensive sponsorship of sporting events in Australia. Billed as one of the most generous sponsors, Daikyo had supported
      469 words
    • Article
      Lock icon Tobu undaunted that new store opening amid slowdown
      387 5 Reuter TOKYO Japanese department store Tobu Co Ltd planned its new store the biggest in Asia when the economy was roaring ahead, but says it is undaunted that the store opening now coincides with a serious economic slowdown. Tobu vice-president Koichi Nezu
      Reuter  -  387 words
    • Article
      Lock icon HK stocks set to continue surging on foreign buying
      487 5 MARKET Reuter HONGKONG Hongkong's stock market looks set to surge in coming months as foreign institutions excited about the promise of south China's burgeoning economy pump more cash into the market. So lavish is the stream of foreign cash that the
      Reuter  -  487 words
    • COMPANY BRIEFS
      • Article
        Nikon Corp's net profit down 69pc to 5.4b yen
        89 6 TOKYO Precision machinery maker Nikon C orp saw its group net profit drop 68.9 per cent to 5.38 billion yen (5568.8 million) for the year ended March 1992, compared with 17.3 billion yen previously. The lower profit was posted on the
        89 words
      • Article
        Cheung Kong subscribes for note
        93 6 HONGKONG Cheung Kong's spending spree is showing no signs of slowing, with the company subscribing tor a HKSIOO million (SS2I million) convertible note issued by Asia Financial Holdings. Ihe latest move by the cash-rich property and investment flagship of Li Ka-shing s empire will give
        93 words
      • Article
        Thai Airways to suspend 150 flights
        106 6 BANGKOK Thai Airways International has decided to suspend 150 flights as a result of losing a lot of money in Mav when political unrest occurred in Bangkok. Local press yesterday quoted Thai sources as saying that the company's earnings' fell 100 million baht (556.4
        106 words
      • Article
        Seoul's Orion in Vietnam tie-up
        67 6 HANOI South Korea's Orion Electric has signed a US$4B million (5578.2 million) joint-venture agreement with a Vietnamese firm to produce cathode ray tubes, an official newspaper reported. Orion, a subsidiary of Korea's Daewoo Group, and Hanoi's Hanel Co planned to produce 1.6 million tubes a
        67 words
    • Article
      HSBC denies major involvement in Wharf
      323 6  -  Group says exposure is below USs9m and fully secured By Shoeb Kagda SINGAPORE HSBC Holdings pie. which is on the verge ol acquiring Midland Bank, yesterday denied it was substantially exposed to the beleaguered Canary Wharf project in London. The group clarified its position
      323 words
    • Article
      Lock icon UK govt plan to help Maxwell pensioners
      287 6 Reuter LONDON The British government will offer temporary financial help to pensioners who lost their money when the late media tycoon Robert Maxwell raided their pension funds. Sunday's newspapers said the government would press British hanks to compensate the pensioners as some of
      Reuter  -  287 words
    • Article, Illustration
      Lock icon Japanese companies awaken to potential in China's booming south
      494 6 AFP HONGKONG After years of eoneentrating on China s industrial heartland in the north-east, Japanese companies are now flocking to the south where a sustained boom has given birth to the country's richest consumers. Taking the lead from the many Hongkong
      AFP  -  494 words
    • Article
      Lock icon Canon plans to invest US$24m in second Zhuhai plant
      518 6 AFP ZHUHAI. China In early 1990, when most Japanese investment plans in China were still on hold following the Tiananmen massacre. Canon Ine quietly set up a wholly-owned subsidiary here to assemble compact cameras. The move by the company, Japan's biggest
      AFP  -  518 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      136 4 The Jetabout Upgrade Offer. If (For just a little extra, you get a whole lot more). Indulge yourself in the comfort of Business Class on your next trip from just $70 more. Or First Class from just $180 more. And experience the best of Qantas service, BUSINESS CLASS food and
      136 words
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      244 5 story ■ED The sophisticated VTEC engine cleverly J to the needs of the driver with ultra precision For the first time, the timing and lifting of the f 6 valves in the engine can he perfectly adjusted to achieve optimal performance ■WW 'il'r'i Power that smooth as is effortless Movements
      244 words
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      51 words
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  • FINANCIAL NEWS
    • Article, Illustration
      Knight-Ridder planning to set up regional base in Singapore
      370 7  -  By S N Vasuki SINGAPORE KnightRidder Financial/Asia (KRF), the business information arm of American publishing group Knight-Ridder Inc, is planning to set up its regional base in Singapore to oversee non-editorial operations across Asia. Knight-Ridder Inc chairman and chief executive officer
      370 words
    • Article
      Lock icon World Bank urges Jakarta to tap bond markets
      245 7 Reuter JAKARTA Indonesia should consider diversifying its borrowing to tap a wider range of world capital markets, the World Bank said in a confidential report. Though the private sector has already begun to use capital markets offshore, the government rarely does so,
      Reuter  -  245 words
    • Article, Illustration
      Lock icon Soy beans were good to our savvy trader
      649 7  -  THE SANG KANCIL By Quak Hiang Whai AFTER a mild beating the week before last, Sang Kancil last week managed to improve his net portfolio position, thanks mainly to a quick trade in the soy bean futures market. Noting strong technical resistance
      Source: TeleTrac  -  649 words
    • Article
      Lock icon Indian PM vows to punish those involved in billion-dollar bond fraud
      275 7 AFP NEW DELHI Indian Prime Minister P V Narasimha Rao has pledged to move quickly to find and punish those guilty in a billion-dollar bond fraud which has shaken banks and stock markets. "There will be no cov-er-up, no
      AFP  -  275 words
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      93 words
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  • THE REGION
    • NOTE BOOK
      • Article
        Indonesia urged to raise forestry fees
        71 8 JAKARTA The World Bank says Indonesia could collect over six times its current revenue from logging if it ran the sector as efficiently as the petroleum sector. "The government captures only about 30 per cent of the surplus or rent accruing from logging, compared
        71 words
      • Article
        Thailand to meet Khmer Rouge
        75 8 9 BANGKOK Thailand is to hold talks with the Khmer Rouge to discuss the faltering peace process in Cambodia, said General Charan Kullavanich, the head of Thailand's top intelligence agency, the National Security Council, after he met leaders of the United Nations operation in Cambodia
        75 words
      • Article
        Philippine trade deficit narrows
        62 8 MANILA The Philippines' trade deficit narrowed by 11.5 per cent to US$957 million in the first three months of the year, the central bank said yesterday. Exports, led by semiconductors, surged 11.6 per cent to US$2.2B billion (553.71 billion) while imports grew at a slower rate
        62 words
    • Article, Illustration
      Lock icon Indian economy back on track: officials
      391 8  -  Government expects India to be removed from credit-watch soon By Salil Tripathi SINGAPORE Two of India's most senior bureaucrats are convinced that the Indian economy is back on track and is likely to be removed from credit-watch by international credit-rating agencies by August. Indian
      Source: Govt of India  -  391 words
    • Article
      Lock icon Viet bid to attract foreign capital suffers big blow
      376 8 Indochina's first direct-investment country fund is aborted IHT HANOI Vietnam's attempt to attract foreign capital for an ambitious programme to return state industries to private hands started on a disappointing note with the failure of the first direct-investment country fund for
      IHT  -  376 words
    • Article
      Lock icon Malaysia loses over M$1.7b to white-collar crime
      213 8 AFP KUALA LUMPUR White-collar criminals skimmed more than MS 1.7 billion dollars (SSI.I billion) off victims in Malaysia during the past five years, local news reports said yesterday. Police reports showed that among the nearly 7.000 people suspected of involvement in commercial fraud,
      AFP  -  213 words
    • Article
      Quick count likely with 90pc of votes set to be declared tomorrow
      360 8  -  Indonesian election Reports by Maggie Ford in JAKARTA INDONESIA'S National Election Committee, in charge of tallying results of today's election, expects more than 90 per cent of the votes will be declared tomorrow, avoiding the uncertainty of a
      360 words
    • Article
      PDI ran most professional campaign
      293 8 NO POLLS have been taken about voters' intentions, but in terms of turnout at rallies and political visibility, the Indonesian Democratic Party (PDI) has clearly run the most professional campaign. The party has concentrated its efforts on cities and star campaigners, such as the son
      293 words
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      Page 8 Advertisements Column 2
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      276 words
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  • THE WORLD
    • Article
      Lock icon Japanese firms reassessing direct investment in US
      487 9 Reuter TOKYO Japanese manufacturers who Hooded the US with investment in companies and factories in the late 1980s are taking a cold, hard look at how they spent their money. They don't always like what they see. An increasing number may decide to
      Reuter  -  487 words
    • Article, Illustration
      Lock icon Hyundai founder's call sets off political uproar
      381 9 He says Seoul should allow communist party to exist Reuter SEOUL Presidential hopeful Chung Ju Yung, founder of South Korea's mighty Hyundai industrial empire, provoked a political uproar yesterday by saying Seoul should allow a communist party to exist in the South. "Our
      Reuter  -  381 words
    • WORLD WATCH
      • Article
        Kohl sees signs of pick-up in economy
        96 9 BONN Chancellor Helmut Kohl said on Sunday there were many signs of a pick-up in western Germany's economy, a key condition for continued financial aid from the West to rebuild eastern Germany's shattered economy. In an interview on national radio, he repeated his
        96 words
      • Article
        Call to invest in North Korea
        85 9 SEOUL The government will encourage South Korean firms to invest in light industry in North Korea as it can enhance living conditions, a highly-placed official said yesterday. Guidelines on investment in North Korea had been prepared through consultations among the National Unification Board, the
        85 words
      • Article
        Rio vote for Gorbachev
        73 9 RIO DE JANEIRO Former Soviet president Mikhail Gorbachev has been elected as head of the new International Green Cross, the environmental equivalent of the Red Cross, at a meeting here. Some 270 parliamentarians and spiritual leaders attending the Parliamentary Earth Summit voted last Sunday for him
        73 words
      • Article
        Warning on Nazi chemical arms
        81 9 ST PETERSBURG Concern is growing over thousands of tonnes of deadly gases from Nazi Germany's chemical arsenal, dumped in the Baltic Sea by victorious Soviet forces in secrecy and haste after World War 11. Russia's Green Party says it is vital to find out fast
        81 words
    • Article, Illustration
      Lock icon No consensus among Republican leaders on campaign strategy
      534 9 «RESIMI§I|!IL* Reuter WASHINGTON Leading Republicans, clearly worried about US President George Bush's sinking popularity among voters, differed on Sunday over a winning strategy for the November presidential election. The top Senate Republican, Robert Dole of Kansas, said Mr Bush had a perception
      Reuter  -  534 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      407 9 To Get Even More Out Of Wfl B Compag Deskpro |\'iii||Qll BjBHHW 3868/20 V A II I II fillip performance over •25% Faster JL JL B non-cache 16 Mhz performance r I W BE9M 386SX machines, with than other 16Mhz I W fvrp Intel 20Mhz 386SX desktop PCs. processor with
      407 words
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  • Article
    The contest for talent
    480 10 EDITORIAL ANYONE who doubts if Singapore should compete head-on in the global contest for brawn and brainpower must belong to another place and age. Talent-short companies here have lost no time turning to wherever they can not just America and Europe but throughout Asia to fill
    480 words
  • WHAT THE OTHERS SAY
    • Article
      Look for an alternative
      246 10 I HE Education Ministry is now reviewing the pilot After School Care Programme (ASCP). perhaps with a view to scrapping it, because of poor response. Certainly, there is little virtue in the ministry pursuing a scheme which parents obviously do not want. Yet, the move does
      246 words
    • Article
      Building up confidence
      142 10 VI FN DA Kl Trust Fund or ASM celebrated its first anniversary last month with some good news: it registered a return of $715,(X)0 in the six months to February this year. This will win the confidence of the fund's investors who are mostly Malays. ASM should
      142 words
    • Article
      Conducive environment
      124 10 SCHOOLS must have a positive environment for the learning of the mother tongue. Sueh an environment cannot depend only on the Chinese language teachers; principals must take the lead and give their support. If schools do not create such an environment, they will not be able to convince
      124 words
  • REGIONAL VIEWPOINTS
    • Article
      The fate of the missing
      229 10 FROM an official death toll of 40 grudgingly admitted by the Suchinda government after the horrors of May 17-20. the known death toll has risen to 52. Mystery cloaks the whereabouts of several hundred other protesters who attended the pro-democracy rallies. No one yet knows
      229 words
    • Article
      Problems over payment
      144 10 ONCE again, Hongkong is waiting while Beijing ponders the options. Once gain, the money men are beginning to get the jitters. This time, the problem is not one of whether Hongkong needs a new airport, but of how much the territory should pay. Or. to be more
      144 words
    • Article
      Good planning required
      141 10 THE good performance turned in by the Klang Port Authority only serves to emphasise the fact that ports in Malaysia are experiencing a growth such as they have never seen before. Ports are an important part of the overall infrastructure that is basic to the development of
      141 words
  • Article, Illustration
    Lock icon The road to oneness
    871 10  -  In July, 23 countries comprising Spain. Portugal and their former Latin American colonies will meet in Madrid to discuss the formation of an economic and political grouping. Keith Grant reports Keith Grant Reuter SPAIN. Portugal and their former colonics in Latin America are hoping to turn
    Reuter  -  871 words
  • Page 10 Advertisements
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      29 10 1 LaJI gJImH 4 llAJlgllgl iTll/viri lli l Ipllnllc II Fil $A That's the number to call for resultful classified ads. y/j>y Toll-free. Another customer-oriented service by CATS. \cj^&-\
      29 words
  • Page 10 Miscellaneous
    • Miscellaneous
      Page 10 Miscellaneous Column 1
      79 10 DOONESBURY BY GARRY TRUDEAU SO AS YOU CAN WELL UFB IN THOSE MYS WAS IN FACT. THE FIRST HALF TOBE&N UfTH, IMAGINE, THOSE HPST JUST HUNT AND GATHER, DECENT INCARNATION I EVER. TT MAS THE FIRST UVESOF MINE WERE HUNT AND GATHER. THE HAP PIPNTCOME UNTIL WELL !t£RE ONLY VMEINASCSI
      79 words
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  • ANALYSIS
    • Article
      Lock icon Good times and bad — Japan keeps on growing
      1169 11  - Good times and bad Japan keeps on growing l ime and again in recent years, predictions have abounded that the Japanese economy was about to be brought to its knees. And every one has proven wrong. David Sanger reports on the Japanese ability to overcome setbacks. David Sanger NYT WITH
      NYT  -  1,169 words
    • Article
      Lock icon Spreading the pain
      514 11 There is a growth in the US of product liability cases. How did this happen and what does it mean for the industry? NYT IN THE United States, victims of muscle and nerve injuries linked to data-entry work have relied almost exclusively on the workers' compensation system.
      NYT  -  514 words
    • Article, Illustration
      Unhappy families
      1413 11  -  India's giant family businesses are being torn apart by wrangling and feuds. In some cases, divisions have become permanent and members of once closely-knit families are no longer on speaking terms. Rajendra Bajpai traces the decline. Rajendra Bajpai SEVERAL of India's big family businesses, some of which have
      1,413 words
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      Page 12 Advertisements Column 1
      1130 12 Nothing Beats A Bud. feffiifll where to wine, dine KING OF *£5Go Fbr Gift Certificates Gift certificates from King's Hotel are in handy $50 and SlOO denominations. Ideal for all occasions, they can be used for rooms and at all F&B outlets. Corporate purchases of $500 or more entitles you
      1,130 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      678 12 TELEVISION AND RADIO im <aiwfew!-,* wwmowmn.miw 1 ■»<%«-*•*■■■ ——w———————l l"«—ibukkw T)1 sacn *2 ST business oh b»bo rlentv tedious a: e h w«. *7 730 ji,, Njgjrtjy Business Report 930 p.S.I. lav II (Stereo). 8.00 News(M). 7.05 am, 5.05pm, 1.05 am: World 800 The Business of Management jq.3o Feature Special
      678 words
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  • LIFESTYLE
    • Article, Illustration
      Lock icon A cure for workaholics
      571 13 A Japanese has come up with a manual that may provide hope to those addicted to work Asahi News Service A JAPANESE specialist in the treatment of alcoholics has devised a checklist to determine whether a person is "addicted" to work. It is based on a
      Asahi News Service  -  571 words
    • Article
      Lock icon New brew in US melting pot
      463 13 Immigrants are altering the face of America, reports Jim Wolf Reuter THE traditional image of the ail-Amer-ican family white, middle-class and corn-fed is fading as foreign immigrants transform the demography of the US. Fresh census data from the 1980s shows immigration is altering America,
      Reuter  -  463 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      179 13 AND ENTERTAIN (j>riH Hubertus Grill Goes Austrian Again; The ever popular Austrian Food Promotion is on again at Hubertus Grill... Come savour this annual affair of glorious Austrian specialities... Dinner only 7 pm to 10.30 pm i on. iooo ANA HOTEL 1 30 June 1992 SINGAPORE For reservations, 16 Nastl
      179 words
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      Page 13 Advertisements Column 2
      71 13 Dance to stretch the mind A M W m mm '-M G| RACEFUL and tluid movements choreographed to contemporary music attracted I over 500 spectators to a lunch-time performance b> Strctch MK I at the Rallies C ity I atrium yesterday afternoon. The Australian group went through a whole range
      71 words
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      Page 13 Advertisements Column 3
      404 13 (j —"l |(jjt) (jgDl 9-COURSE DELICACIES B. meat 5° |Sy S Steamed chicken 8 |Mj| g w/Broccoti 3 (Earoa 3S am A jc Red fish w/soya g c«n»«r* g bean crumb 3 Free flow of iM ft beer tjj Deep fried salted 3 FmC*m*.*mk prawn 3 «Wuhig ill) R Pork
      404 words
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  • INNOVATION & TECHNOLOGY
    • Article, Illustration
      This piano teacher doesn't rap knuckles
      481 14  -  Ang Wan May comes across some amazing piano software Ang Wan May YOU KNOW it's a miracle when you hear a choir of frogs croaking Beethoven's Ode to Joy. The Miracle is a piano software which teaches you how to read music and play
      481 words
    • Article
      Lock icon New method cuts TB diagnosis time
      314 14 AP Researchers say they have developed a method that cuts the diagnosis time of tuberculosis from at least two weeks to less than two days. "When you have the ability to make a rapid diagnosis, then you can start the appropriate drug treatment and
      AP  -  314 words
    • Article
      New Digital MD to stress services
      369 14  -  Lan McKinnon promises an exciting year ahead. Claire Leow reports Claire Leow THE incoming managing director of Digital Equipment Singapore has promised "a lot of momentum towards services" in the next year. Lan McKinnon said one of the lessons of the restructuring at Digital
      369 words
    • Article
      Lock icon US court consolidates repetitive stress suits
      156 14 AFP A FEDERAL JUDGE in New York has consolidated 44 lawsuits against computer equipment makers by people complaining of Repetitive Stress Injury (RSI), a disabling work-related condition affecting wrists and arms. The suits had been filed by employees of telephone companies, supermarkets, a state
      AFP  -  156 words
    • Article
      TECH TAKES
      307 14 TOKYO Japanese eleetronies giant NEC Corp has developed a high-speed transistor for use in next-generation eomputers which ean operate twiee as fast as existing models, a eompany spokesman said last Wednesday. The spokesman said the use of silieon germanium in the base of the new bipolar transistor enabled
      307 words
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      263 14 aßraf iWiMSiiri'wiflP* i k "i i H!' *y*iß Y^*ieU*»J^Rß g v 3fjpTW-- J- f X V- 111-IP 1 Hs t A <■ mryw Tmt/> f/V v-' A y;- -i&tMntir? 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.
      263 words
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  • Page 15 Advertisements
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      171 15 Some companies solve every problem with the same solution. Meet one with a broader perspective. f 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 see things. H At AT&T, we think
      171 words
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  • SPORTS
    • SIDE LINES
      • Article
        Okamoto captures McDonald's title
        69 16 WILMINGTON, Delaware Ayako Okamoto of Japan shot back-to-back birdies at the 16th and 17th holes to win the U*****,000 McDonald's Championship women's golf tournament by three strokes on Sunday. The 41-year-old veteran won her first Ladies Professional Goll Association title of the year with a final-round
        69 words
      • Article
        Rahal takes Detroit GP
        87 16 DETROIT Bobby Rahal drove a heady race and came away the winner of Sunday's chaotic Detroit Grand Prix after a slick pass on the narrow Belle Isle circuit. Rahal, a two-time scries champion and the current leader, took the lead 21 laps from the end of
        87 words
      • Article
        Climbers missing
        110 16 KATHMANDU Two Romanian women climbers were missing and presumed dead after a failed attempt to scale the 8 167-metre (26,793 foot) Mount Dhaulagiri. The Nepalese Tourism Ministry said on Sunday that expedition leader Taina lacinta Coliban, 49, and Sandita Isaila, 42, were last seen by their sherpa guide
        110 words
      • Article
        Passing on the torch
        104 16 ATHENS The Olympic flame arrived here on Sunday after its kindling at Mount Olympus on Friday. Hurdler Voula Patoulidou completed the 365-km relay of Greek athletes by carrying the torch to the foot of the Parthenon where she lit a large flame which will bum through
        104 words
    • Article
      Lock icon Wheaton storms Beckenham
      377 16 AFP BECKENHAM, England Grand Slam Cup holder David Wheaton overcame the distraction of loud pop music better than South African Christo van Rensburg to win the Beckenham grasscourt tournament on Sunday. The 23-year-old American refused to be unsettled by the noise wafting on to the packed centre
      AFP  -  377 words
    • Article, Illustration
      Lock icon The tennis terminator triumphs
      628 16 French Open NYT PARIS The carrot-topped automaton, currently performing as the world's No 1ranked male tennis player, put himself on automatic pilot on Sunday afternoon and sandblasted his way to his second consecutive French Open title and his second Grand Slam championship for 1992. "I never
      NYT  -  628 words
    • Article, Illustration
      Lock icon Chicago Bulls lead NBA Finals
      438 16 AP PORTLAND, Oregan Beating the Chicago Bulls once is not much of a feat this year. Beating them twice in a row is proving to be impossible. The Bulls, who split their first two home games in three consecutive series, have now won Game 3
      AP  -  438 words
    • Article
      Lock icon Norton inducted into Boxing Hall of Fame
      398 16 AP CANASTOTA, New York Ken Norton's career spanned 50 fights, but he admitted on Sunday as he was inducted into the International Boxing Hall of Fame that he's best remembered for one punch. Norton was introduced to more than 600 fight enthusiasts as
      AP  -  398 words
    • Article
      Lock icon Edwards wins Memorial tournament
      492 16 AP DUBLIN, Ohio David Edwards, who gained a share of the lead with birdies on the last two holes of regulation, won the Memorial tournament on Sunday with a par on the second playoff hole. Edwards scored the second individual victory of his 14-season career when
      AP  -  492 words
    • Article
      Lock icon Soviet collapse weakens Russian chess team
      316 16 AFP MANILA World chess champion Garri Kasparov has admitted leading a weak Russian team in the World Chess Olympiad which opened here yesterday, but vowed to "prove we can still do something". Kasparov said that stronger teams had been fielded by England, the United
      AFP  -  316 words
  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      159 16 I CANADIAN OVERSEAS COLLEGE ipF W SINGAPORE Canadian education is now available in Singapore at Canadian Overseas College. The School, which is fully accredited by the Ministry of Education in Ontario, Canada and registered with the Ministry of Education in Singapore, offers tuition to secondary school students from Grade 9
      159 words
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  • STOCK EXCHANGE OF SINGAPORE 1
    • Article, Illustration
      YHS dominates trading on takeover talk
      943 17  -  By Magdalene Ng SITUATIONAL stocks took centrestage on the local stock market yesterday with beverage giants Yeo I liap Seng and Fraser Neave, and property group Bukit Sembawang dominating the limelight. Trading elsewhere in the market remained quiet and lethargic. I he Straits Times
      943 words
    • Article, Illustration
      Lock icon HOT STOCK
      61 17  -  By Quak Hiang Whai Comment YKO HIAP SENG broke through a major resistance level at 51.60 recently. The stock now looks set to test its mediumterm target of $2.1)0. Daily, weekly and monthly stochastics, however, indicate strong signs of overbought conditions and a short-term correction may be imminent.
      SOURCE: BRIDGE INFO  -  61 words
    • Article
      Untitled
      2963 17 Gr's Gr's 1992 Tel C'urr last Vol Day bst Quote Div Div 'Id Net M Cap High I>o» Code Company traded Sale +or- ("000) High Low Buyer Seller S Or S P/K Smil INDUSTRIAL AND COMMERCIAL 7 220 170 1000 Acma 188 xd -4 20 192 188 188 189 12.2
      2,963 words
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  • Article
    STOCK EXCHANGE OF SINGAPORE 2
    3072 18 B Semhawang 880 70 8 6% YHS 173 +12 7.5% C Properties 760 10 1.3% ICS 34 6 HO 3.0% Jurong Ship 50* 1020 MO 1 11% Keppel C'orpn 800 +10 1.3% (X BC Foreign 1370 +10 +0.7% Singmarmc 50* 345 10 1.9% C.PBSS160 442
    3,072 words
  • Page 18 Advertisements
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      Page 18 Advertisements Column 1
      46 18 ■sHllßSNfegg* V °'i 1 i. > i H''i'* < i JHBSPVHWi With over 170 million cards accepted at over 9 million establishments, no card is more W/r* honoured around the world. MasterCard card also gives themaster you easy access to cash at 200,000 bank branches and ATMs worldwide.
      46 words
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  • Article
    STOCK EXCHANGE OF SINGAPORE 3
    3295 19 II Lcong Credit 257 f|2 +4.V% Huh Bk Foreign 133 f 7 5.6% Shell 472 1 6 f 1.3% In no vest Bhd 48V; +3 6 6% Guinness 50* 344 2 0.6% Kema\an 50* 70V; f 2 2»% I andmarks Bhd III *-2 4 1.8%
    3,295 words
  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      193 19 PERSONAL INVESTING FINANCE SUPPLEMENT '92 A Special Business Times Survey July 23,1992 Bank deposit rates have plunged to one of their lowest levels. Banks and finance companies in Singapore are paying peanuts for such deposits; In some cases they are not even enough to cover the rising cost of living.
      193 words
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  • BT SHARE INFORMATION SERVICE
    • Article
      AUDITED RESULTS
      631 20 Company Date Year Group Net Net earnings Gross ann to profit/loss (L) per share dividend (000) (cents) Apollo Jun 5 Dec 91 $5 403(13 408) 7 9(6 1) 2 5(-) Bousteadco Jun 5 Dec 91 $275(16 568) 0 8(20 8) 3(7) Hotel Prop Jun 5 Dec 91 $7.032($2.802)
      631 words
    • Article
      PRELIMINARY RESULTS
      170 20 Company Date Year Group pro-tax Not earnings Gross ann to profit/loss (L) per share dividend ('000) (cents) PMRI Jun 6 Mar 92 MJ17,243($12.116) 198(16.2) 15(15) NBT Jun 4 Dec 91 MJ1.046L (S252L) 1(1) PMC Jun 4 Mar 92 MJ46.125(551.044) 17 8(16.5) 242(24 2) Golden Hope Jun 3 Mar
      170 words
    • Article
      INTERIM RESULTS
      160 20 Company Data Half-yaar Group pro-ta* lUX". a nn to profit/loss (L) dtokJond (000) KL Kepong J«in 1 Mar 92 M$52 213(MJ45 43/) NYA(5) Wearnes Ma, 29 Mar 92 S6.427L($21 878) 3(7) Ganda Hldgs May 25 Mar 92 M$2 548 ($5541) Samanda Hldgs Ma, 25 Mar 92 M$7 006($5.558)
      160 words
    • Article
      DIVIDENDS ANNOUNCED
      1244 20 Current Ex Books Date Total (or Total for payment date close payable the year last year Acnu 51 Jun S )un 18 Jul 2 1221 HTCTE Amcol 25c 10". Aug 21 Aug 27 Sep 10 10", 101 Apolo 25% Jun 3 Jun 16 Jul 23 251 B Raya
      1,244 words
    • Article
      PROPOSED ISSUES
      653 20 Company Rights Issue Aiance Itch Onetorone >100 per share CASH Three lor two MSC 50 per share Eu Tin Sane Three tor one fr SI 05 per share Golden Hope One tor sa fc. MSI 50 per share H leont M Two tor five M$3 35 per share
      653 words
    • Article
      SCRIPLESS CONVERSIONS
      46 20 Conversion Special Irdg Scripless Conversion deadline Period Iradinn (impan> starts (IDP) (SI) starts Coldtron Ma\ 12 Jun 8 Jun 23 keppel Finance Jun 10 Jul I Jun 19 Jul I Jul 2 Keppel Corp Jun 12 Jul 2 Jun 12 Jul 2 Jul 3
      46 words
    • Article
      MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      364 20 In local curr In SS In USS dy yr S d> yr S dy S yr June 5 Index chge chge chge chge ehge chge World 394.0 -0.2 -3.5 -0.5 -4.9 -0.1 -5.1 ♦EAFE 475.4 -0.5 -5.4 -0.4 -7.3 0.0 -7.5 Europe 449.6 -0.5 9.3
      364 words
  • Article, Illustration
    Lock icon CHARTING SERVICE
    593 20 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 Share prices edge lower amid profit-taking
      1041 21 Bernama PROFIT-TAKING activities towards the close took share prices here to a lower close yesterday after initial gains by selected speculative issues. The KLSE Composite Index at the close dropped 1.77 points to 585.39, the Industrial Index 4.19 points lower at 1,029.64 and the
      Bernama  -  1,041 words
    • Article
      Untitled
      4152 21 1992 Last Vol Day Net Cap High Low Telcode Company Sale "000 High Low P/E $mil INDUSTRIALS 221 165 7003 AISB 50« 169 -1 36 170 168 15.1 173.4 414 312 7004 ASM 50« 312 -4 289 316 312 16.4 1282.9 650 530 7000 Acidchem 595 20.5 255.8 515 384
      4,152 words
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  • STOCK EXCHANGE OF THAILAND
    • Article, Illustration
      Lock icon Property stocks push up index amid political uncertainty
      1825 22 Reuter TRADE was heavy in major property shares whose price rises helped push up the stock index yesterday in spite ot uncertainty about a new government, brokers and analysts said. The SET Index gained 1.02 points to 703.26 on a moderate turnover
      Reuter; Source: Bridge Info  -  1,825 words
  • JAKARTA STOCK EXCHANGE
    • Article, Illustration
      Lock icon Shares rise in active foreign buying
      1260 22 A SHORT SUPPLY of favourite shares pushed Jakarta stocks further up in very active foreign buying yesterday, brokers said. Blue chips Astra International and Semen Cibinong jumped 600 and 700 rupiah respectively to 13,600 and 9,700. Brokers said sentiment was generally bullish in industry
      Source: Bridge Info  -  1,260 words
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  • TOKYO STOCK EXCHANGE
    • Article, Illustration
      Lock icon Stocks close weaker in dull trading
      2648 23 Reuter STOCKS ended weaker but off lows in sleepy trade yesterday. Arbitrage unwinding pressured the market while most investors stayed on the sidelines ahead of Friday's futures settlement, brokers said. But bargain-hunting pulled it off from deep drops towards the end of the day,
      Reuter  -  2,648 words
  • STOCK EXCHANGE OF HONGKONG
    • Article, Illustration
      Lock icon Shares end lower on profit-taking
      2860 23 Reuter SHARE PRICES ended lower yesterday, with the Hang Seng Index returning below 6,000. as investors took profits on HSBC Holdings and other blue chips, brokers said. HSBC ended HKSI.SO lower at HK546.75 after Lloyds Bank pie announced it would not bid for Britain's Midland
      Reuter  -  2,860 words
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  • REGIONAL STOCK MARKETS
    • Manila stocks hit record highs for third straight day
      • Article
        MANILA
        535 24 MANILA STOCKS surged 4.1 per cent yesterday on growing confidence following last month's presidential elections, with the Manila Composite Index closing at a new record of 1,580.28, brokers said. Hitting record highs for the third consecutive trading day, the composite index climbed 63.07 points from last Friday's record close
        535 words
      • Article
        TAIPEI
        491 24 TAIWAN STOCKS closed lower in active trade yesterday after late profit-tak-ing and concern about central bank measures to tighten money market liquidity erased early gains, brokers said. The Weighted Index, which rose more than 30 points in early trade, ended down 21.57 points at 4,565.04. Turnover was active at
        491 words
      • Article
        Lock icon BOMBAY
        144 24 Reuter SHARE PRICES rebounded from a weak start last Friday after state-owned investment institutions bought heavily, brokers said. They said institutions bought on all major exchanges after the arrest last Thursday of broker Harshad Mehta who is at the centre of a 30-billion-ru-pee securities scandal. The Central Bureau of
        Reuter  -  144 words
      • Article
        SEOUL
        785 24 INTERVENTION by the Korea Securities Market Stabilisation Fund (KSMSF) failed to stop Seoul's depressed stock market from sliding to its lowest level since Sep 17, 1990, at the close yesterday, brokers said. The Composite Stock Index slumped 5.55 to 563.65 in a day cut short by a computer system
        785 words
      • Article
        NEW ZEALAND
        262 24 LEADERS were steady but profit-takers eased some of the higher flying secondline shares to take the NZSE-40 Capital Index slightly lower at close yesterday. Volume was low even for a Monday, due to a holiday for the Australian markets which usually help perk up early afternoon trade on
        262 words
      • Article
        Untitled
        52 24 (lose Previous June 8 NEW ZEALAND N7SK-40 Capital 1.572.30 1.574 89 -2.6 MANILA C omposite Index 1.580.28 1.517,21 +63.07 Turnover (mil pews) unav 741.6 TAIPEI Weighted Price Index 4,565.04 4.586 61 -21.57 Turnover (NTS billion) 25.5 32.3 -6 8 SEOUL Composite Stock Index 563.65 569.20 -5.55 Turnover (billion won) 162.5
        52 words
  • Article
    AUSTRALIAN STOCK EXCHANGE
    1505 24 Vol June 5 Cents High l>ow ("00) ACM Gold 53 AFP Group 13 AMCOR 758 I 759 755 1080 Aberfoyle 485 -5 490 485 86 Adelaide Steamship 23 -1 25 23 1067 Advance Bank 505 -5 508 505 156 Alcan Australia 172 2 172 172 234 Ampol
    1,505 words
  • Page 24 Advertisements
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      Page 24 Advertisements Column 1
      23 24 The Australian stock market was closed for a public holiday yesterday. Below are Friday's closing prices. Advertising Marketing every Thursday in Business Times.
      23 words
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  • CURRENCY, MONEY & FUTURES MARKETS
    • Article
      American dollar ends firmer in Tokyo on brisk short-covering
      1097 25 REPORTS ASIA TOKYO: The US dollar closed firmer against the yen and the mark yesterday, primarily on short-covering by dealers in response to a sudden sell-off overseas last Friday in New York. "Bidding was extremely strong above 126.50 yen in New
      1,097 words
    • Article
      INTERBANK FOREX RATES
      372 25 Cross rates June 8 I Or?—r USS S$ MS Dm Yen SFr AS NZ$ USS 1.6290 2.5200 1.5930 126.90 0.5460 1.4530 1.3106 1.8553 SS 0.6139 1.5470 0.9779 77.9006 0.3352 0.8920 0.8046 1.1389 ""MS 0.3968 0.65 0.6321 50.3571 0.2167 0.5766 0.5201 0.7362 Dm 0.6277 1.0226 1.5819 79.66 0.3427
      372 words
    • Article
      MONEY MARKET
      523 25 Interbank rates SS Bid Offer Overnight 2 3/4 3 1-month 2 7/8 3 2-month 3 3 1/8 3-month 3 3/16 3 5/16 Overnight mode: 2-7/8 L'SS Bid Offer 7 days 3 15/16 4 1/16 1 month 3 7/8 4 2 months 3 7/8 4 3 months 3 15/16
      523 words
    • Article
      Lock icon Estonia banks on new currency to aid economy
      444 25 Reuter TALLINN, Estonia Estonia hopes that its planned kroon currency will give the former Soviet republic economic independence and help push down inflation. But nobody believes it will prov ide a quick fix. The Baltic republic, which regained its independence last year
      Reuter  -  444 words
    • Article
      FINANCIAL FUTURES
      1500 25 SIMEX EURODOLLAR Open High Low Sett Est Vol Act/Vol Op/lnt Jun 92 96 01 96.02 96 00 96.01 2100 2560 ***** Sep 92 95.73 95.75 95.72 95.72 4500 ***** ***** Dec 92 95.10 95.12 95 08 95 09 4100 ***** ***** Mar 93 94.98 94.99 94.95 94.96 800
      1,500 words
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  • COMMODITIES
    • Article
      Lock icon Taiwan gold imports soar in first five months
      355 26 Reuter TAIPEI Taiwan's gold imports. buoyed by inereasing demand and the rise of the Taiwan dollar, surged 67 per cent from a year earlier in the first five months of this year, the Finance Ministry announced yesterday. Imports of gold bars, coins
      Reuter  -  355 words
    • Article
      Lock icon Opec pumps more oil as N American demand rises
      375 26 Reuter PARIS The Organisation of Petroleum Exporting Countries (Opec) pumped a little more oil in May than in April as demand grew more strongly than expected in North America, the International Energy Agency (lEA) said on Friday. The West's oil watchdog
      Reuter  -  375 words
    • Article
      KL tin sheds three sen on profit-taking
      773 26 REPORT THE Kuala Lumpur Tin Market retreated to close three sen easier at M$ 15.91 a kg yesterday as tin price succumbed to profit-taking after recent bullish gains. Dealers noted that light selling activity raided the local market in early trade despite the
      773 words
  • Article
    PRICES
    1570 26 Rubber MRELB (fob in bales) (M cents/kg) Noon Close Int I RSS July 92 220.00/222.00N 220.50/222.50 Int 2 RSS OP 218.00/219 OON 2I8.00/2I900N UK/Cont 2I7.00/2I8.00N 2I700/2I800N Int 3 RSS OP 215 50/216 50N 215.50/216 50N UK/Cont 214.50/215.50N 214 50/2I5.50N Int 4 RSS OP 212.50/213.50N 212.50/213.50N UK/Cont 211.50/212.SON 211.50/212.50N Int
    1,570 words
  • Page 26 Advertisements
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      Page 26 Advertisements Column 1
      702 26 BUSINESS TIMES Toll Iree Tel No 737 0043 -Fax No: 734 3698 SUN CORPORATION LIMITED Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at its Registered Office, 252 Tembeling Road #02-07, Tembeling Centre, Singapore 1542, on Tuesday, 30
      702 words
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  • Article
    AIRCRAFT ARRIVALS AND DEPARTURES
    1255 27 City Flight ETA Flight ETD Ci torn mm GA893 1345 GA9M 000b K Adelaide SQ228 2025 QF82 2205 Amsterdam KL837 1255 SQ24 0115 GA893 1345 GA892 0250 SQ323 1815 KL838 ?240 Athen SQ348 2300 Auckland IMZ35 1550 SQ285 2115 NZ36 2355 Balikpapan GA525/910 1755 Bandar Seri
    1,255 words
  • THE TRAVEL PAGE
    • Article, Illustration
      Battling to save family traditions
      697 27  -  LETTER FROM KANAZAWA By Mark O'Neill Koumei yasue loved his work as a maker of gold leaf so much he built a museum to show the world the treasures of his craft. Now a sprightly 93 and retired after more than 80 years in the
      697 words
    • Article
      FOREIGN CURRENCY NOTE RATES
      151 27 As at 10am yesterday: dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.2365 1.2535 Canadian dollar 1.3509 1.3782 NZ dollar 0.8670 0.8845 Sterling pound 2.9684 3.0087 US dollar 1 6260 1.6320 l.ocal dollars to 100 units of foreign currency Austrian schilling 14.38
      151 words
    • Article
      WORLD TRADE EXHIBITIONS
      62 27 Duration Title Venue Organiser Tel Duration Title Venue Organiser Tel July 20-24 Electrotech NEC, Electrex Ltd. 071-*****47 Aug 22-25 International Frankfurt. Mcssc Frankfurt (49)69/***** Birmingham Ixjndon (fa*) Tradc Fa,r for Germany GmbH Consumer Goods Sep 6-9 Fine Food Melbourne Australian (61)3/867.7981 Aug 16-18 International Munich. Mode-Woche- (49)
      62 words
  • Page 27 Advertisements
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      38 27 What's theprice for a united Europe? Exactly the same when you fly to any one of Finnair's 35 European destinations Check with your travel agent or call *****77 for more details. We know Europe from (tart to Finnish
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      Page 27 Advertisements Column 2
      7 27 Advertising Marketing in Business Times every Thursday
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      Page 27 Advertisements Column 3
      319 27 BUSINESS TIMES Toll free Tel No 737 0043 Fax No: 734 3698 IN THE MATTER Of THE COMPANIES ACT, CAP. SO AND IN THE MATTER OP KIM OUAN HANO TRADtNQ (PRIVATE) LIMITED (In Membere' Voluntary Liquidation) AJ an ExtraorcJnary General Meeting cf the Company duty corwied and held at 1
      319 words
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      Page 27 Advertisements Column 4
      286 27 M THE MATTER Of THE COMPAMES ACT, CAP SO M THE MATTER Of SHOWBOAT PRODUCTIONS PTELTO P KMOr VU.UNTMT MONUWI NOTICE 6 HEREBY GIVEN M M an Extaordnary Gtorn ft Mwtna of tw Company was convened and helo at 112 Pedi Seat) Steet Singapore 0207 on 4 Jun* 1 ME
      286 words
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      Page 27 Advertisements Column 5
      278 27 M THE MATTER Of THE COMPAMES ACT, CAP SB ■4 THE MATTER Of PAN ORCNT INDUSTRIES PTE LTO im tEtanr vouintmt NOTICE IS HEREBY GIVEN M M an Extaordnary Ganaal Maalng d M Company was cowaned and had M 36 Robtaaon Road aOWJIAB CHy Houaa Stogapara 0106 on S Juna
      278 words
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      Page 27 Advertisements Column 6
      351 27 IN THK MATTER OK THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF ISLAND ELECTRIC CONSTRUCTION PTE LTD < Incorporated in Singapore) (In Members' Voluntary Liquidation) At an extraordinary general meeting of ISLAND ELECTRIC CONSTRUCTION PTE LTD. duly convened and held at SI Anson Road. #02-57/59. Anson Centre. Singapore
      351 words
  • Page 27 Miscellaneous
    • Miscellaneous
      Page 27 Miscellaneous Column 1
      270 27 Made good speed or 1i^ ~~iBB"" took it easy -JH——^ 9 Study pipe run (7) 10 Question cut-back by cola state habit-forming (9) 17 Made crass error shown no mercy |HHHf ~HH|| 19 Once overturn craft and —MB—^ there'll be more! (5) 1111 I I I I I I I
      270 words
    • Miscellaneous
      Page 27 Miscellaneous Column 2
      168 27 Singapore Outlook: Showers over several areas in the late morning and early afternoon. Report: Maximum temperature 30.6 Assoc humidity 72% Minimum temperature 23.2 Assoc humidity 96% Hours of sunshine 2.10 Rainfall in mm 10.6 Rainfall this month 32.5 Rainy days this month 4 World forecast Asia-Pacific Hi/Lo* Cond. Auckland 17/13
      168 words
    • Miscellaneous
      Page 27 Miscellaneous Column 3
      22 27 f T,ro€. C'N Vx)iTh Voußs f X'S Of \HP>T PTT R IS \T -y fVT f—^ 0 !jfc> ASSOCIATED NEWSPAPERS LfO 1062-1992
      22 words
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  • Article
    Lock icon Hopes of pro-democracy opposition govt dashed
    408 28 Thai pro-military parties reaffirm their choice of PM AFP. Reuter BANGKOK Hopes that a pro-democracy opposition candidate would be able to form a new Thai government appeared dashed yesterday when six pro-military parties announced they remained firmly united and committed to their candidate becoming
    AFP.; Reuter  -  408 words
  • Article, Illustration
    Lock icon Accord on balancing environment and development still elusive
    393 28 The Earth Summit AP, Reuter RIO DE JANEIRO Time is running short for the UN Conference on Environment and Development (Unced) to achieve its ambitious goal to reach agreements on reconciling the needs of the environment with the demands of development. Diplomats
    AP,; Reuter  -  393 words
  • Article
    Lock icon Bush, Major divided over treaty
    261 28 AFP, Reuter CAMP DAVID President George Bush on Sunday reiterated his refusal to sign the UN Earth Summit's endangered species treaty as it stands and said: "I have nothing to be apologetic for." Visiting British Prime Minister John Major, however, said he thinks problems with
    AFP, Reuter  -  261 words
  • Article
    Singapore lodges formal protest to KL over fishing incident
    322 28  -  By Walton Morais SINGAPORE Singapore has demanded that the Malaysian marine police release unconditionally two Singapore vessels held for allegedly trespassing in Malaysian waters and asked for action to be taken against police officers involved in the incident, sources said. They
    322 words
  • Article
    Lock icon M'sian sultans to sign declaration defining roles
    224 28 Reuter, Bernama KUALA LUMPUR Malaysia's sultans, under scrutiny for alleged interference in politics and business, will sign a declaration on July 4 defining their roles. Prime Minister Mahathir Mohamad said on yesterday. He told a news conference the nine hereditary rulers will sign
    Reuter,; Bernama  -  224 words
  • Article
    Lock icon Ramos widens lead in official vote count
    141 28 AFP MANILA Fidel Ramos yesterday widened his lead at the halfway mark in the slow official canvass of last month's Philippine presidential poll, but said it was not yet time to celebrate. Mr Ramos, President Corazon Aquino's handpicked successor, garnered 2.57 million votes
    AFP  -  141 words
  • Article, Illustration
    Maastricht Treaty forgot the voters
    789 28  -  The Bottom Line SALIL TRIPATHI SALIL TRIPATHI The writer is a BT journalist THE Europhoria that accompanied the epoch-making Treaty of Maastricht last December is being replaced by gloom, anger and frustration. Instead of demonising the Danes who have given the Euromantics a much-needed reality
    789 words
  • Page 28 Advertisements
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      Page 28 Advertisements Column 1
      312 28 Singapore's most popular Nitzuko Key Telephone System J em YOUR MQ IHEEXKUIIVE TOMWDIT Diminished worry lines leading to lines Removed the onset o( furrowed Removed H jflHr s,ressl,nes open pores and Wackheads lEI Removed |ji, the start of fri&lk the double chirf look p Diminished- > the formation d A
      312 words
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      Page 28 Advertisements Column 2
      257 28 SINGAPORE COmCt Distributor of the most sought after Key Telephone System Tel: 278 7088 J i Directors' duties and I responsibilities I A seminar for company directors I The requirement for audit committees has resulted in an increase in the number of non-executive as well as first-time directors. There are
      257 words
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  • Shipping Times
    • Article
      Local shipmanager hopes to gain ISO certificate
      349 29  -  By Rahita Elias SINGAPORE Local shipmanager Austen Maritime is out to gain international recognition of its ability to offer quality services to clients. Austen director Kenneth MacLeod told BT the Singapore firm will be assessed by Bureau Veritas to gain International Standards Organisation
      349 words
    • Article
      Kvaerner wins Italian deal for design of cargo access equipment
      285 29 SINGAPORE Swedenbased Kvaerner Ships Equipment AB has secured an order to design the ro-ro cargo access equipment for a 5.000 deadweight (dwt) freight newbuilding for Italy's Tirrenia. The vessel, which is currently being built at the Visentini shipyard in Venice,
      285 words
    • Article
      Lock icon UK marine safety body comes under major review
      389 29 Llovd's List LONDON A major review of the UK Surveyor General's organisation, the Department of Transport body which is responsible for technical aspects of marine safety, is now underway at government level. Shipping Minister Lord Caithness confirmed the review during the debate
      Llovd's List  -  389 words
    • Article
      Lock icon UN ships wheat to Somalia's 1m famine victims
      233 29 Reuter MOGADISHU. Somalia A UN-chartered ship docked at Mogadishu last Sunday with 7,000 tonnes of wheat to feed a million famine victims, UN World Food Programme (WFP) operations director Holdbrook Arthur said. Mr Arthur said armed Somali groups operating in the port
      Reuter  -  233 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      829 29 Page Col ABC Containerline 12 1 Accord Group 8 1-3 APL 5 3-5 Arrow Inter 9 2 •ASCL 5 9 Alpha Feeders 6 1 ANL 3 1/2 Bait Canada Line 7 4/5 Bait Orient Line 7 4/5 Batamindo 19 3 Bengal Tiger Line
      829 words
    • Article, Illustration
      Sembawang completes repairs on cruiser
      379 29  -  By Juliette Walker SINGAPORE Sembawang Shipyard has completed repairs on the German luxury liner Europa. speeding the ship on its way to pick up vacationers less than two months after its run-in with a Greek containcrship off Hongkong. The April 29 collision between the 37.000-tonne
      379 words
    • NEWS SUMMARY
    • LOG BOOK
      • Article
        Dubai's Emirates orders 14 Boeing 777s for US$2b
        89 30 SINGAPORE Emirates, the state-owned carrier of the United Arab Emirates, has sealed an order for 14 Boeing 777 aircraft worth about US$2 billion (553.3 billion). The aircratt will be powered by Rolls-Royce Trent engines. 1 hree ol the 14 aircraft ordered will
        89 words
      • Article
        Kuwait-Japan LPG deal
        81 30 KUWAIT Kuwait has signed a five-year contract to sell 100.000 tonnes of liquified petroleum gas (I.PCi) annually to Japan, official oil industry sources said on Sunday. The contract was signed on Thursday between the Kuwait Petroleum Corp (KPC) and Kyodo Oil of Japan, the sources said. The
        81 words
      • Article
        Heroic pilot loses licence
        125 30 COPENHAGEN Danish aviation authorities have grounded a commercial pilot who made a crash landing outside Stockholm last year, saving 129 people on a disabled airliner, a newspaper said on Sunday. Stefan Rasmussen has said that since the crash he has not felt comfortable Hying and last
        125 words
      • Article
        Dhaka ship's rudder malfunctions
        52 30 LONDON The 5,932-deadweight-tonne, Bangladesh flagged freighter Blue Ocean was towed to Colombo after experiencing rudder problems, reported Lloyd's Intelligence on Friday. The rudder malfunctioned in heavy seas 136 km off Colombo on June 3 while the vessel was enroute from Yangon to Karachi, calling at Colombo
        52 words
      • Article
        Garuda may go public: director
        158 30 JAKARTA Garuda Indonesia, the country's flag carrier airline, will make every effort to make the company hnancially sound and then sell its shares to the public, Garuda director Wage Mulyono said last week. Mr Mulyono told journalists, after meeting Indonesian President Suharto, that Garuda needed
        158 words
    • Article, Illustration
      Lock icon China shipyards eye the world
      1188 30  -  With the help of technology transfer and outside consultancy China is mounting a renewed challenge to become a leading shipbuilder in the world, reports Edward lon Edward Ion Lloyd's List International GROWING realisation that China's yards could one day supply a major proportion of the
      Lloyd's List International  -  1,188 words
    • Article
      THE SHIPPING GUIDE
      12485 38 This is a list of ships loading Ji at Singapore for ports around the world. It tabulates, by i destination, the name of the J ship, the shipping line in- volved and the estimated dates of arrival and departure J from the Port of Singapore. LEGEND I
      12,485 words
    • Article
      SHIPPING AGENTS
      3289 43 Containerline NV: Belsin Shpg Agencies Pte Ltd (SyMarine Handling Sdn Bhd (PK/PN). Accord Group: Accord Shpg Pte Ltd (SVAccord Contr Line (PK/PN). Vdkris Business Corporation Philippine: Calsource Shpg Trdg Pte Ltd (S) Ahrenkiel liner Service: Kim Shpg Trdg (S). Albatros Sea-Air Service: Frata Shpg Pte Ltd (S). Alfred
      3,289 words
    • Article
      COURIER SERVICES
      276 43 \ba> us ouriers Id 545-8011 Fa* *****98 Air Express I ravel Td: 533-5771. ha*: *****44 Airborne Freight Corporation Td: 542-8844 Fax: *****16, *****80 Airswift Worldwide iHirier Td: 278-0188. Fa*: *****83. AJS Supplier Td: 748-6322 (2 lines), 747-7421. Fa*: *****75. itv-link International Td: 344-3377. Fa*: *****50. (luster l ink
      276 words
    • Article
      AIR FORWARDERS
      1563 43 Abex Express Freight Tel: 542-7171. Fax: *****84 Actink Forwarder Tel: 225-1833. Fax: *****42. Activair Singapore Tel: 542-7822. Fax: *****20 Aerolink Freight International Td: 545-8033 Fax: *****05. Aerospeed Tel: 542-5911. Fax: *****18. Air Cargo Novo Express Tel: 542-5454. Fax: *****06. Air Express International Tel: 542-7666. Fax: *****74, *****50. Air
      1,563 words
    • Article
      PORT CONDITIONS
      3416 44 ARGENTINA Apart from the conflicts in Buenos Aires, the labour situation has remained quiet in Argentina. Buenos Aires: Following period with some congestion the labour situation is quiet, sailing have outnumbered arrivals, berths regularly available, and no delays. Having solved the stoppage of stevedores, there were again labour
      3,416 words
    • Article
      AIR FREIGHT SCHEDULE
      554 44 ARRIVALS DEPARTURES Op flight Type ETA T From Op Flight Type ETD T To TODAY TODAY NCA KZ203 B747F 0145 I NRT SI A SQ802 B747F 0230 2 SYD/AKL KAL KE697 B747F 0150 1 SEL NCA KZ204 B747F 0335 I BKK/NRT JAL JL617 B747F 0345 1 TYO
      554 words
    • Article
      CRUISE & FERRY SCHEDULES
      513 44 CRUISE FERRY SCHEDULES CRUISE SNIPS Ait Dtp Name of Vessel ETA ETD Ports of Calb Pott Agent JUNE 09 10 Andaman Princess 1200 0900 Sin-Kuantan Lines Intl Holdings 10 10 Cora Princess 1000 1800 Sin-Jakarta Harpers Shipping 10 10 Royal Pacific 1000 1800 Sin-Jakarta Ocean Trade Chartering 12 12 Asean
      513 words
    • Article
      SHIP SALES & TANKER RATES
      1158 44 SHIP SALES TANKER RATES VESSELS ON OFFER Bulk Carriers King William: 78,239 dwt and built 1974 Espanoles Bilbao, on offer in the region of USS3.Sm. Emma DP Seeonda: 54,568 dwt and built 1973 Italy, on offer in the region of USs4m but try less. Noelk C: 34,681 dwt and built
      1,158 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        517 45 V«Ml Yoy No B«rth Aimal Depart™ vessel Voy No Berth Arrival Departure Marina Terminal 1 Or Express 1 03A/92 P08B 0906/2359 12 06/0600 Arwana Mas 1 006 M04 aiongs.de 08 06/2300 p,,ncess 39 P09B 0906/2359 H 06/0600 Batammdo 1 207N M03 alor«side 08 06/1400 Pr '»<V e
        517 words
      • Article
        IN MALAYSIAN PORTS
        158 45 PwuM Port In the roads: Fortune Beta. Ba Da Lung, Eng Huat Hock. Bangtai, Busan Glory, Hallborg, Anson, Omisal), Lucoma, Permmt Suria, Thana Bhum, Trans Asean. Meric, Komminust, Fortune Beta, Kim Soon Li, Uni Moral. Due on Jrne 8: nil. Due on June 9: Perkasa. Kuantan Port
        158 words
      • Article
        CONTAINER SCHEDULE
        1637 45 DELIVERY OF FCL 1 till CONTAINERS IN PROGRESS Voy No Containers avaiable Sip Voy No Contaiien a rabbit Ming Longe 48C 07.0692 0755 Setat Mas 902 COO(EST) 0806 92 2100 Ming Glory 66C 07 06 92 0800 Marjon 008N COO(EST) 08.06 92 1500 Gig) CIS 07 06 92
        1,637 words
    • Article
      TRANSPORT DIARY
      945 46 Sept 15-16: Asia-Pacific Digital Cellular Mobile Communications, organised by IBC Technical Services Limited at The Mandarin Singapore. For further details please contact IBC Technical Services at tel: 07 1-637-4383 or fax: 071-631-3214. Oct 13-16: Seatrade Asia-Pacif-ic Cruise Convention, organised by Seatrade. The event will take place at The
      945 words
    • Article
      DAILY FREIGHTS
      804 46 THE BALTIC Freight Index (BFI) which represents 15 dry cargo routes, slumped to 1,203 last Friday, down 34 points on Thursday's levels. Brokers said the fall was due to a lack of demand and charterers paying sharply lower freight rates across the board. Having been depressed all year,
      804 words
    • Article
      Lock icon Fokker board split set to deepen row over Dasa link
      640 48 Plan for German firm to buy majority stake threatened Reuter AMSTERDAM A boardroom split at Fokker has deepened the turmoil over plans for Deutsche Aerospace (Dasa) of Germany to take a majority stake in the Dutch aircraft builder. Koninklijke Nederlandse
      Reuter  -  640 words
    • Article, Illustration
      Lock icon Sir David to discuss HK airport project on China visit
      282 48 AP BEIJING Hongkong's governor said last Sunday that he will discuss a controversial airport project for the territory during his last visit to China as head of the British colonial government. Governor Sir David Wilson made the comment upon arrival
      AP  -  282 words
    • Article
      Lock icon Bangladesh transport workers threaten strike
      173 48 Reuter DHAKA More than half a million Bangladeshi bus and lorry drivers and other road transport workers will go on strike this month unless the government meets a wide range of demands, their leaders said last Sunday. The demands include lowering of import duties on
      Reuter  -  173 words
    • Article
      Shenzhen airport to add four more airbridge gates
      280 48  -  By Ramesh Divyanathan SINGAPORE China's Shenzhen Airport in Guangdong province will build four more airbridge gates to cope with its rapidly increasing domestic traffic. The airport located just north of Hongkong saw its passenger How increase by 131 per cent between March
      280 words
    • Article
      Lock icon Panama plane crashes killing all 47 on board
      438 48 AP PANAMA CITY A Co-lombia-bound Panamanian airliner carrying 47 people crashed in the jungle-covered mountains of eastern Panama. Civil Aeronautics officials said. There were no survivors. The Copa Airlines Boeing 737 went down in stormy weather late on Saturday on a flight
      AP  -  438 words
    • Article, Illustration
      Lock icon 1,000 men, US$20m needed to secure Sarajevo airport: UN
      297 48 AFP UNITED NATIONS The security of the airport in the Bosnian capital. Sarajevo, can be guaranteed with a force of about 1.000 men and 60 military observers, the UN secretary general says in a report to the Security Council last Sunday.
      AFP  -  297 words
  • Page 29 Advertisements
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      Page 29 Advertisements Column 1
      25 29 Lines and service* represented by Members ef the Registry ef Accredited Stripping Agents, Singapore National Shipping Association. For advertising enquiries, contact Shipping Times Tel 740-2089/740-2090
      25 words
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      Page 29 Advertisements Column 2
      142 29 Nedlloyd FAR EAST TO EUROPE/ MEDITERRANEAN CALL: 221 8989 -i bk i m Ifc mmW? r^gg •">■ •> Vt i >* <£. t s 4t, W" *•< f r Jp S r < P.... I-i Yf V r j| '-'"'V; v v;?> ?3@ >: C' x J i v I.
      142 words
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      Page 29 Advertisements Column 3
      50 29 Atr forwarders 15 Air Fraght Schedule 16 Container Schedule 17 Courier Services 15 Cruise Ferry Schedules 16 Daily freights 18 Index 1 Port Conditions 16 Shipping Agents 15 Shipping Guide 10.11 Shipsales Tanker Rates 16 Ships in Port 17 Singapore Tides 17 Transport Diary 18 Weather and Sea Conditions 17
      50 words
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      Page 30 Advertisements Column 1
      84 30 u o<> J <^ Stories on labour and its relationship with management, management concepts in practice, profiles of leading managers in Singapore and relevant book reviews. ENTERPRISE MANAGEMENT, in Business Times every Monday, is must reading for managers who want the competitive edge. Plus an occasional look at successful small
      84 words
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      2945 31 OOCL (S) PTE LTD JARDINE SHIPPING AGENCIES *****11 *****09 \kW§gf BOOKINGS TEL *****34 *****58 ■llllf TERMINAL CFS TEL *****18 220 PDAmfln PESAKA JARDINE SHIPPING AGENCIES SDN BHD I PORT KELANG TEL *****18 FAX *****91 *****88 nw J- M. -1 r\ nr~o PENANG TEL *****4 FAX *****1 CFS TEL *****6 Dedicated
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      Page 31 Advertisements Column 2
      3068 31 Find out how sellers are reaching out to buyers in Advertising and Marketing. Every Thursday in BT //]I lUNJTEDARAB SHIPPING I VSI/VOY SIH WYC~ BAL ORf SAV I sMi* tom n i7/i u,i nn n/i an H IHMUH II W% f/l 11/1 m /uxxjn *14 1/; i/i it/i n/i i)
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      1407 32 R DAM/ ■BTTTn VOY NO S PORE JEDDAH S HAMTON H'BURG ANT LE HARVE DANUBE 02/123 11/6 20/6 4/7 30/6 29/6 1. Mi. WKSTBOUND LUDWIGSHAFEN EXPRESS 02/323 14/6 1/7 3/7 6/7 7/7 Kg! KELANG 1 PCNANG MONTE ROSA 19/124 18/6 27/6 11/7 7/7 6/7 CARGO TO UK/CONTMNT ELOE 11/324 21/6
      1,407 words
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      Page 32 Advertisements Column 2
      472 32 I EXPRESS TO PAPUA NEW GUINEA 1 pSPOBE CHEFOO V7S 16/06 POM/HON/NORO/RAO LAC/MAO ALAM TALANG VIS 01/07 POM/HON/NORO/RAB/ KIM/LAE/WWK CHEFOO VSS 25/07 POM/HON/NORO/RAB LAE/MAO ALAM TALANG V2S 12/06 POM/HON/NORO/RAB KIM/LAE/WWK CHEFOO V9B 03/06 POM/HON/NORO/RAB LAE/MAO (LCL B/BULK) T/S: ALOTAU. OKOBAY. KAVIENG ACCEPTING LCL FOR MAIN PORTS DISCHARGE PORT KELANG H
      472 words
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      Page 32 Advertisements Column 3
      1633 32 E3 MBAaiA IMS REGULAR INDEPENDENT FULL CONTAINER SERVICE WESTBOUND TO EUROPE VSL/VOY SH ALG BCL HAM BRE ROT ANT FEL LHA (VU (VIA (VIA ALG) HAM) ROT) NORASIA SAMANTHA 9215-3 14/06 06/07 08/07 10/07 11/07 12/07 13/07 13/07 14/07 NORASIA SINGA 9216 3 21/06 12/07 13/07 16/07 17/07 18/07 19/07
      1,633 words
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  • Page 33 Advertisements
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      Page 33 Advertisements Column 1
      2268 33 K STRAITS SHIPPING PTE LTD 10 Hoe Chiang Road #11-01 Keppel Towers Singapore 0208 Tel: *****88 Fax: *****17 ACCEPTS W* SAIS CDnDI CARGO *vJRt b RUR KRIS MIRUea VOIE Mujia. lib. KK 04 09 Km 10 kai 10 Mm MARIOM V 009N 13-14 wn IS 17 KRIS MADURA VOX KK.
      2,268 words
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      Page 33 Advertisements Column 2
      1448 33 SINGAPORE AGENT: j|tp|*c P&O Containers (Singapore Agencies) Pte Ltd 3 10 Hoe Chiang Road #07-01 KEPPEL TOWERS. SINGAPORE 0208 W X Tel: 225 2233 Telex RS ***** PNOCSP Fax: 225 5327/222 7517 v CR Number **********0Z P&O CONTAINERS NOW OFFERS YOU: 3 FIXED DAY SAILINGS PER WEEK TO UK/EUROPE/MEDITERRANEAN 2
      1,448 words
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      Page 34 Advertisements Column 1
      604 34 CR NBR **********0-D EXPRESS SEMI CONTAINERSHIP SERVICES TO EUROPE Wl/VOY STOW HMD/ADAM ifWK BKKN XNTNW ETA/0 KWTUUAi 32W »/7—13/7 14/1 l»/» 2«/» 27/» FAST TRANSIT TIME ACCEPTING BAEAKBULK/CONTAINERISED CARGO »lit)icl to lnduc«(n«nt. Also accepting cargo to Casablanca, Poet SaM, Poet Alexandria, Qanoa. Triosta. ALSO ACCCPTMG CONVCNTIONAL CARGO VIA T/S TO
      604 words
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      Page 34 Advertisements Column 2
      1454 34 HANJIN SHIPPING FM VSI SM IWE HAUI IGB OA* FDR VSI S« LINE HAUI SAV IM WC HANJIN VANCOUVIR 0091 14 6 MttCT 5 6 8 6 HANJIN KUNSAN 0751 86H UK 037E 16/7 17/7 \VI HANJIN SEATTLE 023f 21 6 OWECT 12/ lb/7 FISHGUARD BAY 207N 15 6 M
      1,454 words
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      Page 34 Advertisements Column 3
      1276 34 j J J T-jrrraTTl^ I PKI SGP RSC WIG KLG PUS W1 05K NET 9K ITO LAI CHS BAL NTC LHV AN* M* l» *6 PSO Cl® PKI S«P I I GREFT M 017 4/6 10 i IS/* 17/ C IK Hl* 23/ C H/6 26/6 27/6 i 4/1 S/»
      1,276 words
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      Page 35 Advertisements Column 1
      2039 35 NEPTUNE AGENCIES PTE LTD SINGAPORE TEL: *****77 (CR NO: **********0E) BOOKINGS (TOLL FREE) NEPTUNELINK TEL *****00 (TOLL-FREE) USA SERVICE *****00 TERMINAL OFFICE *****22 FAR EAST SERVICE *****00 IMPORT CFS MB2: *****69/*****96 KBUK/EUROPE SERVICE *****00 EXPORT CFS MB2 *****53/*****50 NEPLINE SDN BHD MALAYSIA K.L (03) *****33. P Kelang-(03) *****87, Penang-(04) *****0.
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      1181 35 m sinsov I SINGAPORE SOVIET SHIPPING CO PRIVATE LTD BOOKING: *****51/ *****64/ *****06 (FESCO LINE) ENQUIRIES: *****33 MARINE INSURANCE SERVICE: *****87/ *****87 KL: 03-*****75/697 PORT KELANG: *****43/ *****40 JAKARTA: *****57 PENANG: *****4/ *****8 JOHORE BAHRU: *****1/ *****1 (REGULAR INDEPENDENT SERVICE) •Kv fly Jv if i] i *w| Liß I*l »/t1
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      1366 36 AS AGENTS KAWASAKI SINGAPORE (PTE) LTD ICR No: **********0 M) V W 1 A TEL *****77 TELEX: KAWAKIRS23I6S FAX; *****07/^9 |%l H MALAYSIA: "K" UNE MARITIME (MALAYSIA) SON BHD JL mLm ■*A JL MmM TEL SA *****00 PK *****01/5 PENANG *****0 JB *****1 HHH KAWASAKI KISEN KAISHA, LTD INDONESIA: P.T.
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      Page 36 Advertisements Column 2
      1114 36 PHIU OMCNT UN€S PT€ LTD 108 Robinson Road #07-00 GMG Building Singapore 0106 Tel: *****22/*****69/*****00 Telex: RS ***** FAX: *****76/*****38 Cgtf BY AIR, LAND OR SEA.... g&k J&r WE TAKE ON THE WORLD FOR YOU MEMBER OF SINGAPORE FREIGHT FORWARDERS ASSOCIATION AUSTRALIA/NEW ZEALAND/SOUTH PACIFIC FCULCL SERVICE I 19 JUN SYDNEY,
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      2325 37 SSSStPII PACIFIC INTERNATIONAL LINES (PTE) LTD SSSSI mm 140 Cecil s,reet 03 00 PIL Building. Singapore 0106 Tel: *****33 nR MO: IOOfIOBTOOOOE [JAKARTA j BANGKOK "I VESSEL VOV SIN JKT SIN VESSEL VOY SfN BKK SIN BUNGA TERATAI 233 10/6 12/6 16/6 ESTEBRUGGE 13N 10/6 3 EQUATOR HAWK 47N 11/6
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      Page 37 Advertisements Column 2
      774 37 EXPRESS CONTAINER SERVICE TO UK-NORTH CONTINENT-SCANDINAVIA WEEKLY P P GUOANG PENANG PKELANG OCEAN VSL'VOY SIN SOU (1' RTM (2) HAM (3) GOT (4) P ~~5/6 5/6 6/6 ALSIA 2222 9/6 26/6 28/6 29/6 1/7 C 12/6 1276 13/6 BENAVON 2232 |6/6 3/7 5/7 6/7 817 Q ig/g 19/6 20/6 JUTLAND!A
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      Page 37 Advertisements Column 3
      318 37 mm MYANMA vBBk FIVE STAR LINE (Myanmar National Line) Loading for Yangon (Rangoon) S'pore P Klj Pen P Gd| PINVA VI22W IN PT 10/14 )un MYOMAVWA «14?W 10/12 lun 16/17 »«i PAGAN VIS3W 13/15 tun HPA AN VI7BW 20/22 lun NIGERIAN NATIONAL SHIPPING LINE NIGERIA EXPRESS SERVICE RIVER IKPAN V.S2
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      Page 40 Advertisements Column 1
      2566 40 lull Container Li net Services Malaysia's Agents: Indonesia's Agents: Guan Guan Shipping Sdn Bhd Chung Chiao Shipping Sdn Bhd p. 1. Global Putra Indonesia Maritime General Agents Booking Agents: iS Persiaran Ha/a Muda Musa ?9A Jjlan Hovil Hilir HUill AunUM/H j CosLir Shipping Pte Ltd Shipping Freight Booking Centre Sdn
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      369 40 SAMUDERA INDONESIA (S) PTE LTD 15 McCALLUM STREET #14-04 NATWEST CENTRE Singapore 0108 T»(««: R*****0 Tat: *****81-3 Fax: 225 4939. *****38 FOR BOOKINGS CALL DIRECT LINE TEL: *****41/*****43^ SM/JAK SERVICE VESSEL VOY SIN JAK DERAJAT 985 11/06 (THU) 14/06 (SUN) MERKUR DELTA 926 IN PT (TUE) 13/06 (SAT) TANTO CAPITAINE
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      460 41 (jt FAMOUS CONTAINER LINES 10 ANSON RD. #15-21 INTERNATIONAL PLAZA, S'PORE 0207 HOT LINE: *****33 (24 LINES) LIM ASSOL/PIRE AUS 14/6 ROTTERDAM 14/6 HAIFA/ASHDOD/ALEXANDRIA 14/6 HAMBURG/BREMEN 14/6 MARSEILLE/ERANCE 14/6 FELIXSTOWE/UK 14/6 BARCELONA/SPAIN 14/6 LEHAVRE/ANTWERP 14/6 GENOA/ITALY 14/6 GOTHENBURG/SCANDINAVIA 14/6 LOS ANGELES/WC/IPI 14/6 SYDNEY/MELBOURNE 11/6 NEW YORK/EC 1476 FREMANTLE 11/6 VANCOUVER
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      Page 41 Advertisements Column 2
      873 41 EST RICHFIELf^AmN^GENcIE^IsJ^T^^BI S TEL: *****33 (12 Lines) BFAX: *****15/*****03 TELEX: RS ***** RISHIP (3 Lines) ETHIOPIAN SHIPPING LINES 1 (National Lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL VESSEL Ivov ETA ILOADING *OR SPORE NETSANET ?6WB 16 06 DARESSALAAM MOMBASA DJIBOUTI ASSAB MASSAWA AB>OT 29W8 15 07 DARESSALAAM MOMBASA DJIBOUTI ASSAB
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      Page 41 Advertisements Column 3
      804 41 BANGKOK vor m m ww mmm mmtm 04S8 10/06 13/06 BHUM ?8N lue IN PT fri 12/06 MSB 13/tX 1* 06 MAHA BHUM# 111N Wed 10/06 Sjl 13/06 OSSB 17/06 20/06 PIV* BHUM# 237H Thu 11/06 Sun 14/* yQY a 1 fi a"] KAN IA BHUM 93N Sit 13/06 Tue
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      Page 42 Advertisements Column 1
      1610 42 MAONELS S'PORE MPOrW *****11 Ij PENANG: (04) *****6 SIBU: (084) *****9 KK: (088 *****0 TAWAU: (089) *****9 P.KELANG: (03) *****77 JAKARTA: (21) *****32 KUCHING: (082) *****3 SURABAYA: (31) *****0 COLOMBO/S. AFRICA PEN PK SIN PEN PK SIN Colombo 16/6 17/6 18/6 12/6 13/6 14 6 Ldn/Flx/Rdm/Ant Durban/Pt Louis 12/6 13/6
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      Page 42 Advertisements Column 2
      228 42 BLUE STAR LINE TO FROM ft/ NEW ZEALAND AND T/S TO FIJI NOW OFFER DIRECT CALLS TO AUCKLAND 12 Days Transit Time Only First Available Vessel "Austalia Star" V 0522 ETA SIN 21/6 And ETA AKL 3/7 SINGAPORE TO PERSIAN GULF PORTS SM MCT DXB DMM KWT BAH N2 STAR
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      Page 42 Advertisements Column 3
      1142 42 THONG SOON LINES PTE. LTD. M- 77 ROBINSON ROAD #15-00, #16 00 SIA BUILDING SINGAPORE 0106 TEL: *****88 FAX NO: *****11, *****22 TLX: RS ***** CARRIER, RS ***** JENHOL CABLE: TOSOCO I CONVENTIONAL/CONTAINER I CONTAINER SERVICES SINGAPORE TO WEST MALAYSIA SINGAPORE TO WEST MALAYSIA VESSEL Ivor |ETH [pest VESSEL VOY
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  • Page 45 Miscellaneous
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      Page 45 Miscellaneous Column 1
      426 45 TIDES AND WEATHER TODAY'S TIDES (height in metres) HOUt 0000 0100 0200 0300 0400 0500 0600 0700 0000 ******************************00 *************************300 JR 11 12 1.5 19 13 25 2.5 2.3 19 1.5 1.2 09 0.8 08 10 1.4 1.8 2.2 2.4 2.4 2.2 1.9 1.5 1.2 PP 10 1.1 15 19
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      Page 46 Advertisements Column 1
      334 46 ULTIMATE FREIGHT SERVICES ■LftaaJMasem AUSTRALIA tl ports USA •—Seattle, Portland, SFO, LA, Now York Hz:: al port* orfHilW* HKl* nckidnr China CANADA Calfvy, Edmonton. Montreal, New Branswicfc, Ail■„,■ u--> DAttCtffW Will, MalKvOR, IOrOTID, MBCOUVfT, s ""i 1 s««. Q-W. PACIFIC ISLANDS -fc.tl.Nta, twlurl Pom, Lao, Copeofcafen, Slocfchofcw. Papeete, Noumea S.
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      Page 46 Advertisements Column 2
      352 46 Find out how sellers are reaching out to buyers in Advertising and Marketing. Every Thursday in Business Times. I cosco I UKC CONVENTIONAL SERVICE VESSEL PKL PNG P.O. LOADING FOR: A VESSEL 28/06 Rotterdam/Antwerp CHINA CONVENTIONAL SERVICE VESSEL PKL PNG P.G. LOADING FOR: OING RONG 12/07 Guangzhou/Huangpu COSCO FULL CONTAINER
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      Page 46 Advertisements Column 3
      353 46 WEEKLY La CONSOLIDATION^^,! BOMBAY MADRAS CALCUTTA f COLOMBO KARACHI CHITTAGONG I *****88 FAX: *****83 I W&W LIAN HUAT SHIPPING CO (PTE) LTD. I 10 Anson Road, #14-19/21 International Plaza, Singapore 0207. Tel: *****11 (16 lines) Fax: *****94 Tlx: RS ***** AB LENHUAT Daily receiving cargo at Pasir Panjang Terminal PT4
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      Page 46 Advertisements Column 4
      74 46 1 KWONG LUNG SHIPPING PTE LTD VESSEL VOY HA no DESTINATION MV LUCONIA 6/92 25/6 26/6 BINTUIU. MtRI K.BELAIT MV THAI YANG 7/92 18/6 20/6 PENANG. PKELANG MV LUCONIA NO 2" 5/92 14/6 15/6 BINTUIU. MIRI. K BELAIT MV THAI MONO 1" 6/92 DOCKING KCtMNG CMGOIS »T MAMfU WHA» MT2
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      Page 47 Advertisements Column 1
      1111 47 A HYUNDAI I MERCHANT MARINE CO. LTD. 'VIA FEEDER PACIFIC SOUTH-WEST SERVICE pm* PKE* PGP* SIH* TO US* »0Y MO LBH OAK DAL/HOU CH SIU NYC 09/06 03/06 05/06 12/06 H INNOVATOR 19/06 06/07 09/07 09/07 10/07 10/07 12/07 16/06 10/06 12/06 19/06 H EXPLORER 49€ 26/06 13/07 16/07 16/07
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      Page 47 Advertisements Column 2
      483 47 f//J iWL WHWFBKTSFSW JHI ggj STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS INBOUND VESSELS ffSSU VOY v n ruc u DAIIA MID SID II I COSMC PKNKEI 22 11 1 COSNC CRALIEKER 17 It/I IS/I TIMS Mil 41 12/1 Mil II I SEA LAIR S4 111 SUI Hits*!
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      Page 47 Advertisements Column 3
      1054 47 OUR USA SERVICE CALLS SINGAPORE likwi Km |<o, |PHI Hot**' Vets* SM IMI |0M ItOI IOM |CM [mS IMW IWTC CM DIRECT EVERY MVMtI <401 MM MlMin nciwr lilill 1011 Ot JO/M 01/17 11/17 0107 02 07 07 07 07 07 MO7 A Mm st to it 7tv i 3
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      Page 47 Advertisements Column 4
      125 47 IMBBINTAN6 MAS SHIPPING PTE. LTD. Mm.T 39 NEIL ROAD SINGAPORE 0208 kJIV TEL: *****88 TLX: R*****5 SINMER FAX: *****64 ACCttIS K*TS or CMCO S rOKf DCSTVUnONS BarMK BCIMT »1K »MM k» BMuki Mn KB«Wt CJj mCUtT KM. ¥11£ 10 11 k* 111* km Mux. latum. H mtciar MUX MIC IS
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      Page 48 Advertisements Column 1
      61 48 Business Times i I —-j "The Efcoj-ttoe Housekeeper -this Kcstel I O vvuv I wants is me. But I'll never neglec-fe I Any Job. Any Career. Available Any Day. Any Time. Anywhere. The Straits Times The Sundav Times Business Times The New Paper Lianhe Zaobao Li an he Wan bao
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      Page 48 Advertisements Column 2
      77 48 NOTICE FAR EASTERN FREIGHT CONFERENCE Notice to Shippers French Ports Disruption In view of continued strike action at the port of Le Havre, a number of Conferences have already introduced emergency measures including surcharges. The Member Lines of the Far Eastern Freight Conference after closely monitoring of the situation, have
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      Page 48 Advertisements Column 3
      5 48 Every Saturday in Business Times
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