The Business Times, 11 June 1992

Microfilm: NL18214
Total Pages: 44
1 44 The Business Times
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  • Title Section
    Masthead
    17 1 Business Times MITA (P) 35/12/91 Thursday, June 11, 1992 THE BUSINESS PAPER EOR S E ASIA 75*
    17 words
  • NEWS SUMMARY
    • Article
      US banks post record US$7.6b earnings
      44 1 WASHINGTON Low interest rates helped US banks earn a record US$7.6 billion (5512.4 billion) during the first three months of the year, compared with US$5.5 billion in the first quarter of 1991 and US$3.7 billion a year ago.
      44 words
    • Article
      US wants Serbia isolated further
      49 1 BRUSSELS The US told its Nato allies yesterday that Serbia should be isolated further from taking the place of former Yugoslavia in major international organisations including the United Nations itself, the 52-nation Conference on Security and Cooperation in Europe or the International Monetary Fund.
      49 words
    • Article
      Good response likely
      31 1 MINISTER of State for National Development Lim Hng Kiang is confident of a good response to the Housing and Development Board's first-ev-er sale of tenanted shops. PR 2
      31 words
    • Article
      Seeking closer ties
      30 1 THE Philippines must strengthen relations with its Asian neighbours while building a new, equal partnership with the United States, presidential front-runner Fidel Ramos said yesterday Pg 2
      30 words
    • Article
      Investment in US down
      39 1 FOREIGN direct investment in the US fell 66 per cent last year, diving from U5565.9 billion (*****.2 billion) to U5522.6 billion the lowest level in outlays in seven years, the Commerce Department said Pg 5
      39 words
    • Article
      US plans to hit back
      29 1 THE US has announced that it will take retaliatory steps against the European Community soon unless its oilseed subsidies are reformed "adequately" Pg 5
      29 words
    • Article
      Solid pluses
      28 1 QUALITY, design, speed of delivery, niche marketing. These are winning points for Singapore-made furniture in overseas markets. Just how competitive are Singapore furniture makers? Pg 6
      28 words
    • Article
      Aye from the Irish?
      48 1 THE Irish have difficulty in separating emotion from economics. That is at once their strength and their weakness. But in the next few weeks crucial facts will have to be faced as they travel the road to ratification of the Maastricht Treaty Pg 7
      48 words
    • Article
      Higher bulk rates seen
      31 1 LISTED shipowners in Singapore are expecting charter rates in the dry bulk shipping market to firm up towards the end of the year. Shipping Times Page 1
      31 words
  • MARKETS SUMMARY
    • Article
      Dow lower
      28 1 WALL STREET share prices opened lower yesterday, with the Dow Jones index of leading industrial shares down 1.27 points at 3,368.65 five minutes after the opening.
      28 words
    • Article
      Footsie higher
      28 1 LONDON share prices were higher at midday yesterday. At about 1115 GMT, the FTSE 100-Share Index was up 11.3 points, or 0.4 per cent, at 2646.7.
      28 words
    • Article
      UIC review
      20 1 UNITED Industrial Corporation is to review companies in its stable which have "failed to perform to expectations". Pg3
      20 words
    • Article
      Dowty wins SIA deal
      26 1 DOWTY Aerospace Aviation Services has secured a contract with Singapore Airlines to repair and overhaul aircraft components and landing gear. PR 3
      26 words
    • Article
      Bigger loss
      41 1 IN the aftermath of the collapse of inflated stock and land prices, Japan's 1,086 major listed companies posted a total non-operating loss of more than two trillion yen (5525.56 billion) in fiscal 1991. a private research institute reported Pg4
      41 words
    • Article
      New blow
      23 1 JAPAN'S fragile banking sector was dealt a fresh blow yesterday with an announcement for the Moody's Investors Se-vices Inc Pg 4
      23 words
    • Article, Illustration
      STOCK INDICES
      30 1 Tuesday Change BT-MGA 726 14 +8.67 Kuala Lumpur ....589.52 +4.85 Tokyo 17.742.87 -102.17 Hongkong 5,917.50 -22.69 Sydney 1665.8 -8.7 Monday Change New York 3,369.92 -34.21 London 2,635.4 -10.4
      30 words
    • Article
      CURRENCIES
      22 1 Exchange rates US$ SS 1.6280 100 Yen SS 1.2779 MS SS 0.6458 Money market rates Overnight 2-7/8% +1/16 3-month 3-3/16% +3/16
      22 words
    • Article
      COMMODITIES
      38 1 London Gold AM fix USS337.85 USSO. 15 Rubber S'pore Aug... 141.75'/kg +0.50 M'sia July.... 221.00*/kg unch KL Tin Turnover 61 tonnes +25 Spot MS 16.07/kg +0.02 Crude pahn oil Turnover 1,661 lots +349 Aug MS883 /tonne 7
      38 words
  • Article, Illustration
    King reappoints Anand interim PM
    615 1  -  By Walton Morais SINGAPORE In a series of dramatic events last night, Thailand's constitutional monarch King Bhumibol reappointed Anand Panyarachun as prime minister. Wire agencies reported that Mr Anand said shortly after his appointment that he would dissolve parliament and call new elections. Mr Anand,
    615 words
  • Article
    Foreign insurers in KL to be legally required to meet equity rulings
    578 1  -  By S N Vasuki SINGAPORE Foreign insurance companies in Malaysia will soon be legally required to restructure their equity base to reflect greater bumiputra ownership under rules set out in the country's National Development Plan (NDP), Bank Negara
    578 words
  • Article
    Golkar votes cut by 6pc but it sweeps all provinces
    515 1  -  From Maggie Ford in JAKARTA INDONESIA'S ruling Golkar party suffered a 6 per cent fall in its support but maintained its control over all provinces in the country, according to a vote tally of Tuesday's election which was almost completed.
    515 words
  • Article, Illustration
    Lock icon BIL director tried to bribe me: ex-NZ minister
    491 1 AFP WELLINGTON Former Cabinet minister Winston Peters created a stir in Parliament yesterday when he said he had been offered money by Selwyn Cushing, a director of Brierley Investments Ltd (BIL), to support the free-market policies of Ruth Richardson, now Finance Minister.
    AFP  -  491 words
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      Page 1 Advertisements Column 1
      132 1 i Burberrys Reigns when it pours X n < X >r*x*rf*xxxxxxxx**-*x Aircraft Schedule 23 Jakarta/Bangkok Stocks 17 Sports 8 Commodities 22 rISE 15 TV Radio 10 Company News 3,* Money Changer Rates 23 Unit Trusts 14 Cryptic Crossword 23 Money Market 21 Weather 23 Editorial 6 Regional/World News 5 Financial
      132 words
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      Page 1 Advertisements Column 2
      114 1 Parliament to be dissolved Fresh polls to be called Constitution amended IF YOU LIKE FERRARIS, LAMBORGHINIS AND RIVAS, YOU'LL LOVE OUR STYLE. m WKJ/r 77* Poce Collection by Morion* Le Mercier's brings you the ultimate in Italian Furniture Design. If you appreciate the style, of Ferrari, Lamborghini and Riva you
      114 words
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      Page 1 Advertisements Column 3
      23 1 NEW ULTRA AR432 Adds an extra 5.7 yards '?%£££&s ff» WMkt ii ICC: ii of to prem»e' hne from ROYAL SPORTING HOUSE pteud
      23 words
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  • PAGE 2 NEWS
    • Article
      Good response to HDB sale of rented shops likely
      674 2  -  By Colin Tan SINGAPORE The Minister of State for National Development, Lim Hng Kiang, is confident of a good response to the Housing and Development Board's first ever sale of tenanted shops. He said a HDB survey early this year showed
      674 words
    • Article
      Lock icon Tokyo report accuses Thailand, M'sia, Indonesia of unfair trade
      359 2 AFP KUALA LUMPUR A Japanese economic report has accused Malaysia, Indonesia and Thailand of unfair trade policies and discriminating against foreign firms through trade-related investment measures. The three countries have also been accused of imposing restrictions that violate the General Agreement
      AFP  -  359 words
    • Article
      Lock icon Manila must boost regional ties, seek new link with US: Ramos
      311 2 Reuter MANILA The Philippines must strengthen relations with its Asian neighbours while building a new, equal partnership with the US, presidential race front-runner Fidel Ramos said yesterday. "What is important now is regional stability in Asia and the Pacific
      Reuter  -  311 words
    • Article
      Japanese store sets up $3.8m fund for design scholars
      275 2  -  By Hong Lee Tiam SINGAPORE Japanese department store Takashimaya Company is doing its bit to bring about a more gracious and culturally-aware society by setting up a 300 million yen (Ss3.B million) fund for training young Singaporeans in the creative fields.
      275 words
    • Article, Illustration
      Lock icon Smooth poll set to attract foreign investors to Jakarta bourse
      586 2 Indonesian elections Reuter JAKARTA Foreign investors, feeling a surge of confidence in Indonesia after a peaceful general election, may infuse the cash-strapped stock market with fresh money, analysts said yesterday. Stockbrokers said the Jakarta Stock Exchange was active, with local
      Reuter  -  586 words
    • Article
      Tour operators dock cruises to Indonesia
      404 2  -  By Kooi Cho Teng SINGAPORE What has the general election in Indonesia to do with cruise operators in Singapore? Nothing, it would seem. But cruise operators have been cancelling their departures since the beginning of this month on the instruction of the Indonesian port
      404 words
    • Article
      Seiko Epson to stop making notebooks in S'pore but no staff will be retrenched
      281 2  -  By Joseph Rajendra SINGAPORE Japanese electronics company Seiko Epson will stop making notebook computers here within the next six months, but there will be no retrenchments. K Kojima, deputy general manager of the local subsidiary. Epson
      281 words
    • Article
      MRTC awards $65m worth of contracts for $1b Woodlands extension line
      247 2  -  By Ramesh Divyanathan SINGAPORE The Mass Rapid Transit Corporation (MRTC) has awarded $65 million worth of contracts for the 1 -billion Woodlands MRT extension announced in February last year. The largest contract, for about $33 million, went to Westinghouse
      247 words
  • Page 2 Advertisements
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  • COMPANY NEWS 1
    • Article, Illustration
      UIC to review companies performing below par
      406 3  -  By Sangeeta Mulchand SINGAPORE United Industrial Corporation (UIC) is to review companies in its stable which have "failed to perform to expectations". "We intend to concentrate our efforts on those profitable companies." executive chairman Lee Kim Yew said in the company's 1991 annual
      406 words
    • Article
      Lock icon MAS needs to boost home fares by 30-35pc to break even
      441 3 But cross-subsidies will continue: Ling MBT KUALA LUMPUR Malaysia Airlines has to increase its domestic fares by between 30 and 35 per cent to enable it to break even in its home operations, Transport Minister Ling Liong Sik says.
      MBT  -  441 words
    • Article
      Lock icon Bandar Raya unit to expand chipboard-making facilities
      312 3 MBT KUALA LUMPUR Bandar Raya Developments' subsidiary, Mieco Chipboard, plans to invest some Msl2o million (5577.5 million) to Msl4o million to expand its chipboard manufacturing facilities in view of the strong growth in its export market. The plan, which will mean a third
      MBT  -  312 words
    • Article
      Lock icon Landmarks plans more hotels to meet tourist influx
      280 3 Bernama KUALA LUMPUR Landmarks Bhd plans to build new hotels and increase its present capacity to cater for the expected influx of tourists in coming years. Chairman Mohamed Razali Abdul Rahman said in the company's 1991 annual report that the government's aim
      Bernama  -  280 words
    • Article
      Lock icon John Master Industries expects M$3.9m pre-tax profit this year
      513 3 MBT KUALA LUMPUR John Master Industries (JMI), which is expected to be listed on the Kuala Lumpur Stock Exchange second board in August, has forecast a group pre-tax profit of M 53.88 million (552.5 million) for the year ending Dec 31,
      MBT  -  513 words
    • Article
      Dowty gets $1.6m-a-year SIA contract to repair aircraft parts
      204 3  -  By Ramesh Divyanathan SINGAPORE Dowty Aerospace Aviation Services has secured a contract with Singapore Airlines to repair and overhaul aircraft components and landing gear. The agreement is valid for one year with the option for renewal annually. It is worth about
      204 words
    • Article
      Lock icon Public Bank to study possibility of opening China branch
      212 3 MBT KUALA LUMPUR Public Bank Berhad is organising an exploratory trip to China in September or October to study the viability of setting up a branch there. The bank has proposed that the branch be set up on a joint-venture basis
      MBT  -  212 words
    • COMPANY BRIEFS
      • Article
        PMRI agreement on Innovest shares lapses
        59 3 KUALA LUMPUR Pan Malaysian Rubber Industries (PMRI) Bhd's agreement to subscribe for 18.073 million new ordinary Innovest Bhd shares at Msl each has lapsed, and will have no further force or effect. The shares represent 10 per cent of the existing issued and paid-up
        59 words
      • Article
        PCL registers in Australia
        57 3 SINGAPORE Pacific Carriers Ltd (PCL) has been registered as a loreign company in Australia. The Australian office will primarily be involved in parcelling dry bulk cargo shipments from the country, a company statement said yesterday. The activity will have no effect on the company's net tangible
        57 words
      • Article
        Ben Trading's new subsidiaries
        58 3 SINGAPORE Ben Trading (S) Ltd, part of food group QAF Ltd, has incorporated four new subsidiaries: Buttercup Bakeries (S) Ptd Ltd; Cassia Bakeries (S) Ptd Ltd; Camellia Bakeries (S) Ptd Ltd; and Maple Bakeries (S) Ptd Ltd. The Registrar of Companies has issued certificates of incorporation
        58 words
      • Article
        MPHB refutes press report
        56 3 KUALA LUMPUR Multi-Purpose Holdings Bhd yesterday said that it had not acquired any shares in Sungei Besi Mines (M) Bhd. It was refuting an article written in a local newspaper. Responding to a Kuala Lumpur Stock Exchange query-, MPHB also denied speculation about its intention to
        56 words
      • Article
        Worldwide Holding reports loss
        72 3 KUALA LUMPUR Worldwide Holding Bhd expects to perform better in 1992 given the buoyant Malaysian economy. It also envisages that the investment made in property development will start contributing towards its profitability, chairman Zabir Bajuri said. For the year ended Dec 31, 1991, he said the
        72 words
      • Article
        Kanzen aborts planned sale
        44 3 KUALA LUMPUR Kanzen Bhd's plan to dispose of a fixed asset in Lot *****, Mukim Batu, Selangor has been aborted. Kanzen's wholly-owned subsidiary, Dreamland Corporation (Malaysia) Sdn Bhd, was to have sold the lot to China Co (M) Sdn Bhd.
        44 words
    • COMPANY BRIEFS
      • Article
        Mitsubishi Kasei to set up Singapore sales arm
        97 4 TOKYO Mitsubishi Kasei Corp, Japan's leading chemical company, said yesterday it would establish a tully-owned sales arm, Mitsubishi Kasei Singapore Pte Ltd, on July 1. The new subsidiary, capitalised at about Ss2 million, would sell Mitsubishi Kasci's chemical products in parts of
        97 words
      • Article
        GE ties up with Taipei giant
        71 4 TAIPEI New York-based General Electric (GE) has formed a US$5 million (SSB.2 million) joint venture with local giant Ho Tai Development Co in a bid to explore the China market, a GE official said yesterday. The joint venture, called GE Appliances Taiwan Corporation, would
        71 words
      • Article
        More China firms to go public
        63 4 HONGKONG Twelve companies in the southern Chinese citv of Guangzhou will issue stocks soon in yet another example of China's recent tinkering with market-oriented economic reforms, an official report said yesterday. According to the China News Service, the 12 companies will issue shares worth
        63 words
      • Article
        Racal plans to demerge unit
        78 4 LONDON Racal Electronics pic is planning to demerge its Racal Security unit as Chubb Security pic in October after publishing proposals in September. Racal will declare a dividend in specie which will be met in part by the transfer of the shares of Racal Security
        78 words
    • Article
      Lock icon Top Japanese firms post bigger non-operating losses
      594 4 Reductions in working assets, slide in stock prices to blame: survey NYT TOKYO In the aftermath of the collapse of inflated stock and land prices, Japan's 1,086 major listed companies posted a total non-operating loss of more than 2 trillion yen (5525.56 billion)
      NYT  -  594 words
    • Article
      Lock icon China Resources to raise stake in Lippo's HK unit to 5.6pc
      361 4 Reuter HONGKONG China Resources (Holdings) Co Ltd, a major investment and trading arm for China, will pay HK$ 118.5 million (5524.9 million) for 53.85 million new shares in Lippo Ltd, raising its stake in the company to 5.6 per
      Reuter  -  361 words
    • Article
      Lock icon Wall Street cheered by latest merger windfalls
      424 4 Reuter NEW YORK Wall Street is jubilant over an unexpected windfall of several billiondollar merger announcements that could suggest a revival in deal-making. The latest spate of proposals may indicate that acquisitions are finally spreading into industries outside the banking sector, which produced
      Reuter  -  424 words
    • Article
      Lock icon Aetna Life to sell reinsurance unit to KKR for US$1.4b
      268 4 FT NEW YORK Aetna Life and Casualty, one of the largest US composite insurance companies, is selling its reinsurance subsidiary to a buyout vehicle for about US$l.4 billion (552.28 billion). The deal still requires regulatory approval but if this is
      FT  -  268 words
    • Article
      Lock icon Approve US baseball team sale to Tokyo group: panel
      427 4 AP, Reuter NEW YORK US major league baseball's Ownership Committee has unanimously recommended approval of the sale of the Seattle Mariners to a group headed by a Japanese investor, baseball commissioner Fay Vincent said on Tuesday. Club owners, who are meeting
      AP,; Reuter  -  427 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      185 3 C. T. HOO Singapore #01-22 Tangiin Shopping Centre, Singapore 1024. L Tot *****47, *****43. Definitely for the Omegi Sperdmajter Profejuonal fW Wl^gm! t ft""' chronograph in steel with engraved inscription "The First Watch Worn on die Moon* i on the c*k back. Water resistant HV' w». ■hUc m im jg
      185 words
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  • FINANCIAL NEWS
    • SMALL CHANGE
      • Article
        Simex makes changes to Gasoil contract
        45 4 SINGAPORE The Singapore International Monetary Exchange will replace its Gasoil futures contract from today which is based on physical delivery to one based on cash settlement. Except for this change, the contract will continue to trade as it is.
        45 words
      • Article
        HSBC set to recover O&Y sum
        83 4 HONGKONG HSBC Holdings pic chairman William Purves expects to recover the principal sum from the bank's US$7B7 million (Ssl.3 billion) exposure to Olympia York Developments Ltd. HSBC has said US$75O million of the exposure, part of a syndicated US$2.5 billion loan, was secured by
        83 words
      • Article
        French banks seen as healthy
        94 4 PARIS French banks have reinforced their financial structure in 1991 by increasing shareholder funds, leaving international rules on capital standards easier to meet, said Bank of France deputy governor Philippe Lagayette on Tuesday. French banks' core capital grew by 13.8 per cent last year, taking
        94 words
      • Article
        Terms for BCCI creditors
        76 4 LONDON Abu Dhabi, majority shareholder of the disgraced Bank of Credit and Commerce International, wants to buy "peace and quiet" from the threat of creditors' claims, the British High Court heard on Tuesday. Abu Dhabi wants creditors to drop any claims against it in return for
        76 words
      • Article
        FAI Insurances to float unit
        88 4 SYDNEY FAI Insurances Ltd is floating its FAI Life Ltd unit at Asl.oo a share, or 8.5 times earnings forecast for the year to June 1993. "The price earnings multiple we are offering appears quite generous," FAI Life managing director Don Walsh said yesterday. FAI
        88 words
    • Article
      Lock icon Moody's downgrading deals fresh blow to Japanese banks
      682 4 AFP TOKYO Japan's fragile banking sector was dealt a fresh blow on Wednesday with the announcement that Moody's Investors Services Inc had cut both the long and short-term credit ratings of four major trust banks. The downgrading, affecting more than US$5 billion
      AFP  -  682 words
    • Article
      Lock icon Seven major life insurers suffer sharp drop in profit
      264 4 AFP TOKYO Japan's seven major insurance companies say their unrealised stock investment profits plunged by 60 per cent in the year to March reflecting the slump in the Tokyo stock market. The companies said on Tuesday that their pre-tax profit made
      AFP  -  264 words
    • Article
      Lock icon Indian banks take precautions after scandal
      207 4 Reuter NEW DELHI Indian bank chiefs told the central bank they had tightened internal controls to prevent a repetition of the country's worst financial scandal, newspapers reported yesterday. They also said the Central Bureau of Investigation (CBI) was likely to open cases against five
      Reuter  -  207 words
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  • THE REGION/THE WORLD
    • Article
      Lock icon Foreign investment in US plunges 66pc
      364 5 AP. UPI WASHINGTON Foreign direct investment in the United States fell 66 per cent last year, diving from U5565.9 billion (S$ 107.2 billion) to U5522.6 billion the lowest level in outlays in seven years, the Commerce Department said here on Tuesday. The huge drop
      AP.; UPI  -  364 words
    • Article
      Lock icon Corporate profits likely to rise 16.5pc this year: survey
      356 5 AP WASHINGTON American companies, most of which struggled unsuccessfully to boost profits for the past three years, could see returns jump 16.5 per cent this year, a survey of top economists projected on Tuesday. The survey by Blue Chip Economic Indicators,
      AP  -  356 words
    • Article
      Lock icon EC dismisses US threat to retaliate in oilseed row
      459 5 AFP. NYT, Reuter WASHINGTON The US announced on Tuesday that it will take retaliatory steps against the European Community (EC) soon unless its oilseed subsidies are reformed "adequately". The EC blasted back yesterday by saying the threat was inappropriate, counterproductive and
      AFP.; NYT,; Reuter  -  459 words
    • WORLD WATCH
      • Article
        US, Russia fail to agree on new arms cuts
        115 5 WASHINGTON The US and Russia, their post-Cold War partnership showing strains, failed on Tuesday to agree on deep cuts in long-range nuclear arms but senior officials say it could he done by next week's summit. Russian Foreign Minister Andrei Kozyrcv, after
        115 words
      • Article
        US House extends benefits
        64 5 WASHINGTON The US House of Representatives granted on Tuesday a new extension of jobless benefits of up to 26 weeks, defying a threat by President George Bush to veto the Bill. Democrats said their Bill, which would cost USSS.B billion (559.4 billion) over six years, could
        64 words
      • Article
        Taipei acts on tech transfer
        48 5 TAIPEI Taiwan's Economic Ministry has mapped out guidelines on technology transfers from China in a bid to upgrade the island's industrial development, Vice-Economic Minister Vang Shih-chien said yesterday. "Introduction of mainland technology would help the island's enterprises elevate their manufacturing know-how," he said.
        48 words
      • Article
        UN sets date for Iraq oil talks
        73 5 UNITED NATIONS The United Nations and Iraq will resume talks on June 19 on allowing the sale of US$l.6 billion (552.6 billion) of Iraqi oil if preliminary talks are promising, a UN official said on Tuesday. "A possible resumption of the talks on
        73 words
      • Article
        Italians laud anti-Mafia swoop
        72 5 ROME Italians yesterday welcomed a tough government crackdown on the Mafia as the number of mobsters detained in a giant nationwide swoop swelled to 1,400. The dragnet began on Tuesday morning, hours after the Cabinet approved a comprehensive package of tough new measures to combat organised
        72 words
    • Article
      Lock icon Tokyo companies seen neglecting basic R&D
      285 5 Reuter BATH, England Japanese companies have eased their collective approach to business and are investing in individual research to remain competitive in high-tech industries, a senior Japanese official said on Tuesday. Companies had neglected efforts to invest in basic research, said Tamotsu Mukai, deputy
      Reuter  -  285 words
    • Article
      Lock icon Vietnam shortlists five groups for prized oil field
      312 5 AFP HANOI Vietnam has shortlisted five foreign groups, three of them led by Japanese trading houses and one included Malaysia's Petronas Carigali, to develop one of its largest offshore oil fields, industry sources said yesterday. But the final selection may be delayed
      AFP  -  312 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      139 5 mi il i il I /'7,'iiVl il II ~7TI H H Hi V of documents Shipment for H ©verve** a» be m W Jump the queue to Kuala Lumpur. Why stand for it,when you can hop on our What's more, we go further with wider, more hassle-free flights to Kuala
      139 words
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  • Article
    Blowout in Bombay
    478 6 EDITORIAL Till SCAN I) \L that has shaved a fifth of the market capitalisation of the Bomba\ Stock Exchange has given Indian lawmakers an opportunity to clean up India's raucous and unruly securities markets. With onl\ 300 of the 6,700 listed companies traded activel> and the rest
    478 words
  • WHAT THE OTHERS SAY
    • Article
      Clearing the air
      234 6 I HE Government's decision to introduce legislation banning the sale of cigarettes and other tobacco products to under-18s is addressed rightly at an extremely vulnerable age group. There are possible loopholes in the scheme, however. For example, there is no indication that outlets will require a permit
      234 words
    • Article
      Malay language upgrading
      119 6 UNLIKE the Chinese Language, we agree there is no necessity for the Malay language to undergo a review. According to Education Minister Lee Yock Suan, there are no major problems with the teaching and learning of the language. However, there is no reason why a constant monitoring
      119 words
    • Article
      Avoiding further damage
      156 6 THE Singapore Government has officially and strongly protested against the arrest and ill-treat-ment of our fishermen by the Malaysian Marine Police. We support the action fully. We need to point out that although the incident happened near Pedra Branca, it has nothing to do with the dispute
      156 words
  • REGIONAL VIEWPOINTS
    • Article
      Back to the table
      159 6 \S THINGS stand at the moment, it does not look as if the economic sanctions which the United Nations Security Council imposed in the past week against *hat is left of the Yugoslavian republic is having much of an impact on the war in that troubled
      159 words
    • Article
      Selfish approach
      165 6 THK sylvan setting of Camp David should promote harmon\ with nature, hut it did nothing to help the Prime Minister. John Major, persuade President Cieorge Bush to sign a treaty to preserve the diversit\ of biological species when he flies to the Earth Summit in Kit* de Janeiro
      165 words
    • Article
      Welcome news
      202 6 IS IT too early to give a little whoop of delight that yet another international company has plans to make Malaysia its hub of operations for the Southeast Asian region? France-based Alcatel Cll is the latest to announce its intention to expand operations in Malaysia with an initial
      202 words
  • Article, Illustration
    Touch wood, it's a growing market
    825 6  -  Quality, design, speed of delivery, niche marketing. These are winning points for Singapore-made furniture in overseas markets. Tye Kim Kniat in Melbourne writes on the competitiveness of Singapore furniture makers. Tye Kim Khiat Hauling coal to Newcastle is a no-no business. Yet, eight Singapore
    825 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      120 6 Scalpel...scissors...sutures...BusinessTimes Whether you're a surgeon, lawyer, contractor or engineer, all the current trends that affect them. you need to he kept well informed to maximise retutns on Essential information accessible every business day your money. through Business Times. In the same way a surgeon needs his tools to The thinking
      120 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      31 6 DOONESBURY BY GARRY tr udeau 0, M. ALMIGHTY ONE. OOCP*£PSUr' 1... I PONT MX- ZA PRJB6 cm tufa CKTneiiGmOFTHY impowunot SHIP THE SUN SJQU OUTWt- SKIN. MAONiHC&ttONWt KNOLINOeei- mmORt.MA- BOOKIE ZZoUK'
      31 words
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  • ANALYSIS
    • Article
      Lock icon Better the devil they know
      983 7  -  Despite the United Nations imposition of air sanctions on Libya, life in Tripoli remains normal and many believe that the showdown with the West has served only to strengthen the Libyan leader's hand, writes Julian Ozanne. Julian Ozanne FT IN I HE souks and the
      FT  -  983 words
    • Article, Illustration
      Will the Irish take the aye road?
      1326 7  -  The Irish have difficulty in separating emotion from economics. That is at once their strength and their weakness. But in the next few weeks crucial facts will have to be faced as they travel the road to ratification of the Maastricht Treaty. Neville
      1,326 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
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      284 words
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  • SPORTS
    • SIDE LINES
      • Article
        Russians lead in Chess Olympiad
        79 8 MANILA The Russian team took the lead after two rounds in the 30th Chess Olympiad here on I uesday. beating Switzerland easily 3.5-0.5, while Lithuania scored an upset 2.5-1.5 victory over the US. Russia ended the day well in front of the pack with 7.5
        79 words
      • Article
        Heady welcome for England fans
        88 8 MAI MO, Sweden An invasion of up to 6.000 England fans is expected before Graham Taylor's men meet Denmark in their opening European Championship soccer game today. They will be greeted with invitations to three specially erected beer tents where around 40,000 litres ot beer
        88 words
      • Article
        Cash, Leconte get wild cards
        101 8 LONDON Former champion Pat Cash of Australia and French Davis Cup hero Henri Leconte were awarded wild cards on Tuesday for Wimbledon, ["hey were the only overseas players allowed a free entry into the main draw of the championships which start on June 22. The
        101 words
      • Article
        Norman only on replacement list
        92 8 COLUMBUS, Ohio Greg Norman has only managed to get on the replacement list for the US Open which starts at Pebble Beach on June 18. The Australian star took part in a qualifying tournament here against seven other golfers for one of four places in
        92 words
      • Article
        Kreutz banned for drug use
        78 8 BONN The German Athletics Federation, DLV, on Tuesday banned middle-distance runner Thomas Kreutz for four years after he failed a dope test, a spokesman said. The 24-year-old 1,500 m specialist admitted that he used performance boosting anabolic steroids after testing positive for drugs last year.
        78 words
      • Article
        Davies in Barcelona's 400m
        64 8 LONDON Sharron Davies, silver medallist in the Olympic 400 m individual medley 12 years ago, will swim the event at next month's Barcelona Games. Davies, who had already been selected to represent Britain in the 200 m medley after winning the trial last month, is one
        64 words
    • Article, Illustration
      Lock icon World 200m sprint champion loses to unknown
      584 8 AP ROME Michael Johnson lost to a lesser-known rival from Namibia and Algeria's Noureddine Morceli got a rare taste of defeat on Tuesday at the Golden Gala, an lAAF Grand Prix track meet and a warm-up for the Olympics. Namibia's Frankie Fredericks outleaned
      AP  -  584 words
    • Article, Illustration
      Lock icon Edberg beats rain and Curren
      539 8 Preparation for Wimbledon on track UPI LONDON Sweden's defending champion, Stefan Edbcrg, showing perfect timing. unloaded an ace just before the rain came down on Tuesday to beat South African Kevin Curren in the second round of the U*****,000 (S$887,000) Stella Artois grass court tennis
      UPI  -  539 words
    • Article
      Lock icon Blood tests in place by 1996 Summer Olympics, says IOC
      300 8 Reuter BRUSSELS Blood testing will definitely be in force by the 1996 Summer Olympics and probably for the Winter Games two years earlier, says lOC medical commission chairman Prince Alexandre de Merode. He said on Tuesday the International Olympic Committee
      Reuter  -  300 words
    • Article, Illustration
      Lock icon Top-seeded Garrison cruises through second round
      253 8 AP BIRMINGHAM Zina Garrison justified her top seeding on Tuesday by winning her second-round match in the US$l5O,OOO (*****,000) women's grasscourt tennis tournament against Agnes Zugasti of France 6-0, 6-3. The match lasted exactly one hour, with Garrison hitting a forehand half-volley drop shot
      AP  -  253 words
    • Article
      Lock icon Pete Sampras' sister makes her mark
      259 8 AP BIRMINGHAM The name Sampras is certain to attract attention wherever tennis is played. Stella Sampras knows that she gets more than the usual attention because she is the sister of Pete Sampras, a prominent member of the men's tour and 1990 US Open
      AP  -  259 words
    • Article, Illustration
      Lock icon Stich advances with other seeded players in Dutch event
      230 8 AP ROSMALEN, Netherlands Top seed Michael Stich blasted Austrian Carl Limberger 6-3, 6-4 in Tuesday's first round of the Rosmalen grass court tennis tournament. It took one hour exactly for the fifth-ranked German to eliminate Limbergcr, who had entered the Wimbledon
      AP  -  230 words
    • Article
      Lock icon Reynolds to go on fighting ban
      410 8 US athletics body left in bind with American court ruling Reuter NEW YORK A defiant Butch Reynolds says he still plans to run competitively in spite of statements from the lAAF that he is irrevocably barred from the Barcelona Olympics and could endanger the
      Reuter  -  410 words
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  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      207 9 'v• SOLE AGENT SERVICE CENTRE: VV *t L L I *I*\l I. SINGAPORE PTE LTD 435 Orchard Road 1201 Wisma Atria. Singapore 0923 Tel *****1 1 Authorised Dealers All Watches Leather Re Ltd Tel *****73 Asia Watch Centre Pte Ltd Tel *****08 C K Tang Ltd Tel *****00 Chew Cheong
      207 words
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  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      899 10 Nothing Beats A Bud. Iftffinfll where to wine, dine or I Retreat into a world of classical charm Create traditions. Indulge in English tea or evening cocktails Enjoy the repertoire of our string quartet or solo pianist. Experience Hvatt Regency Singapore's new Scotts Lounge. u Hyjll ReniiKV Sinjypiwe MM 2
      899 words
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      Page 10 Advertisements Column 2
      280 10 I I BF DAILY AT PINE CO-N^H^M l[W You'll en)oy our delicious selection I |Mr^ J of authentic Beijing Dian Xin served I amidst the splendour of an Imperial Court May we expect you today? I J W From noon to 2.30 pm. QSK II Ala carte menu available. yO<Q
      280 words
  • Page 10 Miscellaneous
    • Miscellaneous
      Page 10 Miscellaneous Column 1
      610 10 TELEVISION AND RADIO V: ,,.x x >.«, <•> <• >v- v nmom mn 'sec" S:S «SLC WMder,,nd business on radio CdAAA X L4AI g55 AM opening. Jake* and (Stereo). IS Sww. 8 Patro< BK, 88.9 r^To'sam 9.00 NBA Finals Chicago Bulls i 0.30 Holiday Feature Special g3O With the Quran.
      610 words
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  • LIFESTYLE
    • Article, Illustration
      Lock icon People want to be heard
      855 11  -  As the November US presidential election approaches, Elizabeth Kolbert examines the increasing importance of call-in shows at a time when Elizabeth Kolbert NYT SEVEN in the morning is not the best time of day for Bill Clinton. His eyes are puffy, his face is red
      NYT  -  855 words
    • Article, Illustration
      Ignore candidates' affairs, says Dreyfuss
      506 11 CHATTERBOX AC I OR Richard Dreyfuss. who describes himself as "slightly left-wing social democrat." is one of the most politically active people in Hollywood. "What I'd really like to do is become, of course, the chief of staff of the next president of the United
      506 words
    • Article, Illustration
      Lock icon King-sized scandals in Britain's past
      651 11  -  The tabloids are going to town, but Anne Senior says the Charles and Di story is relatively tame Anne Senior Reuter SCANDAL swirling round Britain's House of Windsor occupies the world's news media but it's small stuff in a ripe history of royal uproar and
      Reuter  -  651 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      243 11 AND ENTERTAIN (SriU 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 SINCAPORE For reservations, Nassm h.».
      243 words
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      Page 11 Advertisements Column 2
      121 11 THE PALM GRILL LIGHTENS UP. (/i\uat srrning dining comn to Singrtpurr < ptrmirt restaurant. stuffy. just the like it. forin.il dining and all with a trio to set the night to goes with it. In with a more music And Im-si of all. in with casual, relaxed approac hln prkes
      121 words
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      Page 11 Advertisements Column 3
      163 11 /jwHHfife It's a sign of taste. hen you see this sign you can expect the best because only restaurants uhich meet the highest stanJarJs oj heef cuisine receive it. Y<>r WILL SEE THE SIGN AT THE FOLLOWING RhSTAI HANTS JACK S PLACE STEAK HOUSES <7» ***** THE COMPASS ROSE THE
      163 words
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  • STOCK EXCHANGE OF SINGAPORE 1
    • Article, Illustration
      Stocks rebound sharply on the back of rumours
      1005 12  -  By Magdalene Ng SHARE prices rebounded on firm volumes yesterday, sending the Straits Times Industrials Index above the psychological level of 1,500. The STII, the market's most popular indicator, rose 19.3 points to 1,511.41. Total turnover on the combined market jumped to
      1,005 words
    • Article, Illustration
      Lock icon HOT STOCK
      68 12  -  By Quak Hiang Whai Comment THE UPWARD trend of Parkway Holdings appears sustainable. Daily, weekly and monthly stochastics and 13-week RSI indicate room for further climb. The stock is trading within a triangle and a convincing surge above the 1.50-1.55 resistance could see the stock heading towards its
      SOURCE: BRIDGE INFO  -  68 words
    • Article
      Untitled
      3187 12 Gr's Gr's 1992 Tel Curr last Vol Da) Last Quote Div Div Vld Net M Cap High I.ow Code Company Traded Sale +or- (*000) High Buyer Seller C»t P/E Smil INDUSTRIAL AND COMMERCIAL 220 170 1000 Acma 189 xd +1 74 190 189 189 190 12.2 2.1 6.5 10.8 116.5
      3,187 words
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  • Article
    STOCK EXCHANGE OF SINGAPORE 2
    3042 13 F&N 1070 40 4-3.9% Robinson 750 +30 +4.2% SPH Foreign 1350 30 +2 3% Scmb Shipvard 850 30 3.7% Jurong Fng 50* 328 +28 +9.3% Roth Inds 50* 635 +25 1 4.1% Shangri-la 530 +25 +5.0% UOB Foreign 805 +25 +3.2% DBS Foreign 1410 +20
    3,042 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      142 13 YOUR KEY TO BEI TTR BUSINESS DECISIONS! Shine is Singapore Press Holdings'inforich database financial statements highlights, graphs, latest results team: T. S. Liu on 740 1035, Hazel Ong on 740 1771 on Teleview, which incidentally is the most advanced and company news. I onyChia videotext system in the world. For
      142 words
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  • Article
    STOCK EXCHANGE OF SINGAPORE 3
    3276 14 Gentings SO* 795 +35 +4.6% H Leong Credit 270 +15 +5 9% M Banking 525 15 +2.9% Choc Prod 50* 80 +14 +21.2% Pelangi Bhd 50* 160 +9 +6 0% Shell 474 +8 +1.7% Guinness 50* 350 +6 +1.7% MMC 10* 144 +6 +4.3% Tractors
    3,276 words
  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      193 14 PERSONAL INVESTING FINANCE STTPPT.mivrP.NT >98 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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  • KUALA LUMPUR STOCK EXCHANGE
    • Article, Illustration
      Lock icon Stocks close mixed amid late bargain-hunting
      5299 15 Bernama SHARE PRICES on the Kuala Lumpur Stock Exchange finished narrowly mixed yesterday, with selected index-linked stocks recouping on light bargainhunting in the afternoon. This helped the KLSE Composite Index to close at the day's high of 589.52, up 4.85 points. The Industrial Index
      Bernama  -  5,299 words
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  • BT SHARE INFORMATION SERVICE
    • Article
      AUDITED RESULTS
      660 16 Company Date Year Group Net Net earnings Gross ann to profit/loss (L) per share dividend ('000) (cents) Guthrie G1S lun 9 Dec 91 $3 608($5.144> 2(3?) 2(2) Lee Kim Tah lun 9 Dec 91 $2.770($1 794) 35(22) 5(2) Fup Offset lun 8 Dec 91 SI.131(*****) 31(4 2) lOTE(lOIE)
      660 words
    • Article
      PRELIMINARY RESULTS
      213 16 Company Date Year Group pre-tax Net earnings Gross ann to profit/loss (L) per share dividend ('000) (cents) B Sembawang Jun 9 Mar 92 $28.832($6.742) 71 5(17 7) 35j(35|) Hai Sun Hup Jun 8 Mar 92 $29.009<$23.836) 14 9(12 9) 10TE(10TE) Menang Corpn Jun 8 Dec 91 M$6.538L($3.169l) PMRI
      213 words
    • Article
      INTERIM RESULTS
      163 16 Company Date Half year Croup pre ta* Interim ann to profit/loss (L) dividend (000) HLKepor* Jun I Mar 9? M$52 213(M$45.437> NYA(5) Wearrws May 29 Mar 92 $6 427L($21 8/8) 3(7) Ganda Hldgs May 25 Mar 92 M$?548($554L) Samanda Hldgs May 25 Mar 92 M$/ 006($5.558) C4C May
      163 words
    • Article
      DIVIDENDS ANNOUNCED
      1138 16 Current Ex Books Date Total for Total for payment date close payable the year last year Acma 5% Jun 5 Jun 18 Jul 2 12 2% 10%TE Amcoi 25c 10% Aug 21 Aug 27 Sep 10 10% 10% Apolo 25% Jun 3 Jun 16 Jut 23 25% B
      1,138 words
    • Article
      APPROVED ISSUES
      490 16 Company Rights Issue MC Bank One tor two (a MSI 25 per share Ex-date Jun 2 Books close Jun 17 Acceptance Payment NYA Keppel France Onefor tour SI 10 per share E» date May 25 Books close Jun 4 Acceptance Payment Jut W MAA Three-tor tour at MSI
      490 words
    • Article
      SCRIPLESS CONVERSIONS
      47 16 Conversion Special Trdg Scriptess Conversion deadline Period I rading Compan> starts (IDP) (ST) starts (ioldtron May 12 Jun 8 Jun 23 keppel Finance Jun 10 Jul 1 Jun 19 Jul I Jul 2 keppel Corp Jun 12 Jul 2 Jun 12 Jul 2 Jul 3
      47 words
    • Article
      MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      369 16 In local curr In S$ In L'S$ dy yr dy yr S dy yr June 9 Index chge chge chge chge chge World 392.5 0.0 -3.9 -0.2 -5.0 -0.1 -5.4 fEAFE 472 9 -0.1 -5.8 0.0 -7.5 0.0 -7.9 Europe 445.6 -0.5 8.4 -0.4 5
      369 words
  • Article, Illustration
    Lock icon CHARTING SERVICE
    611 16 Moving Averages: A moving average curve shows at any one time the mean of the prices over a specified time frame. A five-day moving average, for instance, is the average of the last five days' prices. Moving averages (MA) are normally plotted with the prices, and serve as
    CHARTS BY BRIDGE  -  611 words
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  • STOCK EXCHANGE OF THAILAND
    • Article, Illustration
      Lock icon Stocks end mixed ahead of new PM's appointment
      1896 17 Reuter SHARE PRICHS closed mixed yesterday in thin trade as investors awaited the announcement of the new prime minister's name yesterday evening. The SET Index rose 2.91 points to 687.38 on thin turnover of 2.91 billion baht. Advances led declines 129 to
      Reuter; Source: Bridge Info  -  1,896 words
  • JAKARTA STOCK EXCHANGE
    • Article, Illustration
      Lock icon Shares firm after peaceful election
      1305 17 Reuter JAKARTA STOCKS firmed in active trading yesterday, triggered by a peaceful election and the certain return to power of President Suharto's party, brokers said. "The peaceful poll, Golkar's return with a big majority and a bank rate cut strongly influenced the market," one broker
      Reuter; Source: Bridge Info  -  1,305 words
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  • TOKYO STOCK EXCHANGE
    • Article, Illustration
      Lock icon Market declines on program selling
      2616 18 Reuter STOCKS wore lower yesterday on future-linked program selling after a see-saw session. Most investors stayed on the sidelines ahead of tomorrow's futures settlement and the Bank of Japan quarterly economic survey (tankan), but dealers kept chasing small issues for trading profits, brokers said. The
      Reuter  -  2,616 words
  • STOCK EXCHANGE OF HONGKONG
    • Article, Illustration
      Lock icon Stocks close lower on late profit-taking
      2681 18 Reuter SHARE PRICES ended lower yesterday after profit-tak-ing emerged ahead of the close to erase earlier gains, brokers said. "Prices came down quite fast especially at three o'clock, but volume was not that high," said Teresa Wong, dealing manager at DBS Securities. "People are
      Reuter  -  2,681 words
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  • AUSTRALIAN STOCK EXCHANGE
    • Article, Illustration
      Lock icon Prices fall amid weakness in banking sector
      2144 19 Reuter WEAKNESS in the hanking sector saw the Australian bourse trading at a loss all day yesterday after stocks opened lower in line with falls on offshore markets. The All Ordinaries Index closed 8.7 points down at 1665.8. Brokers said the Commonwealth Bank
      Reuter; Source: Bridge Info  -  2,144 words
  • REGIONAL STOCK MARKETS
    • Manila shares edge up in volatile trading
      • Article
        MANILA
        543 19 PHILIPPINE SHARES closed slightly higher yesterday in volatile trading, as investors hesitated to pump more money into a market that has become overbought, brokers and dealers said. The Manila Composite Stock Index of 25 selected issues advanced 4.23 points from Tuesday to 1,573.34. Gainers outnumbered losers 27 to 10,
        543 words
      • Article
        NEW ZEALAND
        270 19 RELATIVE CALM returned to the New Zealand share market yesterday just before midday after prices dipped sharply at the open in response to Wall Street weakness and New Zealand dollar strength. Turnover was light and sellers were not exactly lining up to dump stock, brokers said. Blue chips
        270 words
      • Article
        BOMBAY
        111 19 BOMBAY Stock Exchange (BSE) share prices finished broadly higher on Tuesday after a bullish opening triggered scattered profit-taking, brokers said. They said the smooth passage of "pay-in" on Monday, when all cheques were submitted, boosted the market. "There were no defaults. Everyone was relieved." said broker Ramnik Par- ikh.
        111 words
      • Article
        Untitled
        49 19 Oos« Previous JunelO NEW ZEALAND N/SK-40 Capital 1.539 1.559 -20 MANILA Composite Index 1.573.34 1.569.11 +4.23 Turnover (mil pesos) unav 755.3 TAIPEI Weighted Phcc Index 4.633.80 4.526 65 +107.1 Turnover (NTS billion) 28.48 20.6 f \88 SEOUL Composite Stock Index 562.87 561.76 +1.11 Turnover (billion wont 206.9 191.8 +15.1
        49 words
      • Article
        TAIPEI
        494 19 TAIWAN STOCKS closed higher yesterday, boosted by a strong financial sector which surged more than 4 per cent, brokers said. The Weighted Index closed 107.15 points or 2.4 per cent higher at its intra-day high of 4,633.80. Turnover climbed to an active NT528.48 billion from Tuesday's NTS2O.6 billion. Recent
        494 words
      • Article
        SEOUL
        827 19 INTERVENTION by institutional investors and the Korea Securities Stabilisation Fund (KSSF) prevented the depressed Seoul stock market from falling further yesterday and helped push the Korea Composite Stock Index up by 1.11 to 562.87, brokers said. "The market was artificially supported by the fund," said Choi Bum of Seoul
        827 words
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  • WORLD STOCK MARKETS
    • US stocks fall sharply on persistent selling
      • Article, Illustration
        Untitled
        1267 20 June 9 Close Previous NEW YORK Dow Jones 3369.92 3404 13 -34 21 SAP 500 410 06 413.36 -3.30 Turnover (million) 191 161 +30 LONDON Financial Times 30 2,056.6 2057.3 -0.7 FrSF l()0 2.635.4 2.645 8 -104 Turnover (million) 492.5 305.3 +187.2 FRANKFURT DAX Index 1.786.26 1.***** -2.81 AMSTERDAM EOE
        1,267 words
      • Article
        ASIA
        197 20 STEADY selling throughout Tuesday culminated in a sharp loss for Wall -Street blue chips, which registered their -biggest point loss since early April amid profit-taking in some cyclicals and weak bond prices. While the Dow managed a late mild •bounce off its session low of 3,360, it still ended
        197 words
      • Article, Illustration
        LONDON
        692 20 THE FTSE 100 closed down 10.4 points at 2,635.4 on Tuesday, fractionally above the session's low, after com•Hig off sharply in late business as the Dow Jones fell and market makers here cut prices to tempt buyers into the market. The FT-30 Index closed down 0.7 Lpoints on Monday's
        692 words
      • Article
        FRANKFURT
        306 20 GERMAN shares ended a slow session mostly lower on Tuesday, rebounding after an opening dip but then drifting lower again on a lack of follow-through. The 30-share DAX index declined 2.81 points to 1,786.26. That was just above its low of 1,784.46 reached shortly after the opening. While investors
        306 words
      • Article
        AMSTERDAM
        262 20 DUTCH shares on Tuesday ended barely changed with most investors sidelined after the long weekend, and few worthwhile influences to entice them in. The EOE index ended 0.03 up at 317.45, having moved very narrowly all day. A handful of blue chips saw moderate trade, but most issues were
        262 words
      • Article
        PARIS
        266 20 FRENCH share prices ended sharply lower on Tuesday as the market was depressed by falls on Wall Street and a late sell-off in shares of electrical engineering company Schneider, dealers said. Schneider closed 54 francs lower at 708 on turnover of 127,950 shares. Dealers said the company told analysts
        266 words
      • Article
        MILAN
        173 20 ITALIAN shares rebounded slightly near midsession on Tuesday after a sluggish start, with car maker Fiat leading the recovery among industrials, brokers said. The MIB index closed at 946, down 2 from the previous day. The nervousness on the currency market, rising interest rates and the political uncertainty combined
        173 words
      • Article
        ZURICH
        343 20 SWISS shares closed broadly lower on moderate turnover on Tuesday. Dealers said with the end of the company reporting season the market lacked any news and interest rate worries were dampenening sentiment. The all-share SPI index cased 5.2 points to 1,199.3 and the SMI index of leading shares lost
        343 words
      • Article
        STOCKHOLM
        184 20 SWEDISH shares ended lower on Tuesday in generally slow trade, depressed by heavy losses in the banking and insurance sector following S-E-Banken's loss of 594 million crowns for the first four months. Dealers said speculation S-E-Banken would issue new shares contributed to the decline. The bank had denied the
        184 words
      • Article
        JOHANNESBURG
        363 20 SHARE prices ended mixed with a softer bias in steady trade on the Johannesburg Stock Exchange on Tuesday, but analysts said the market could rise by about 10 per cent before the end of June as unit trust funds bought selected blue chip index shares to boost their performances.
        363 words
      • Article
        TORONTO
        291 20 TORONTO stocks followed New York lower to close slightly weaker on Tuesday, dealers said. "Today there's nothing really happening other than those big blocks in investment company stocks," said one dealer. Gordon Capital had a busy day trading shares in investment firms. Gordon crossed 4.4 million shares of Mackenzie
        291 words
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  • CURRENCY, MONEY & FUTURES MARKETS
    • Article
      Rumours of BOJ sales hit dollar in Tokyo trading
      1180 21 REPORTS THE US DOLLAR closed firmer against the deutschemark and little changed against the yen in Tokyo yesterday. It rose on short-covering in the morning, but fell back against the yen on talk of sales by the Bank of Japan. The
      1,180 words
    • Article
      INTERBANK FOREX RATES
      386 21 Crass rates June 10 USS SS MS Dm Yen SFr AS NZS USS 1.6275 2.5225 1.5935 127.55 0.5461 1.4575 1.3115 ***** S$ 0.6144 1.5499 0.9791 78.3717 0.3356 0.8955 0.8058 1.1295 MS 0.3964 0.65 0.6317 50.5649 0.2165 0.5778 0.5199 0.7287 Dm 0.6275 1.0213 1.5830 80.04 0 3427 0.9147
      386 words
    • Article
      MONEY MARKET
      523 21 Interbank rates SS Bid Offer Overnight 2 7/8 3 1-month 2 7/8 3 2-month 2 15/16 3 1/16 3-month 3 3/16 3 5/16 Overnight mode: 2-3/4 USS Bid JMKer 7 Jays 3 7/8 4 1 month 3 7/8 4 2 months 3 7/8 4 3 months 3 7/8
      523 words
    • Article
      Lock icon Boom forces yuan down against US$
      402 21 Reuter BEIJING An economic boom set ofT by the end of China's three-year austerity programme has forced the yuan down against the US dollar in local foreign exchange swap markets, foreign bankers and the official media said on Tuesday. The yuan has slipped to
      Reuter  -  402 words
    • Article
      FINANCIAL FUTURES
      1442 21 SIMEX EURODOLLAR Open High Low Sett Est Vol Act/Vol Op/lnt Jun~92 9602 96.00 96 01 1400 1971 ***** Sep 92 95.73 95.74 95.73 95.74 4000 4525 ***** Dec 92 95.10 95.10 95.09 95.10 2200 3571 ***** Mar 93 94.97 94.98 94 96 94.98 1200 2356 9165 Jun 93
      1,442 words
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  • COMMODITIES
    • Article
      Lock icon Tin producers shelve plans to reopen mines
      331 22 Reuter KUALA LUMPUR Despite a surge in tin prices, the world's leading producers say they are holding off plans to reopen mines because of uncertainty about the metal's long-term outlook. Rising costs and price uncertainties could prevent mines from reopening or increasing production
      Reuter  -  331 words
    • Article
      Lock icon Japanese slowdown poses biggest threat to platinum: UBS
      283 22 Reuter LONDON The sharp decline in Japanese economic activity this year poses the greatest potential threat to a platinum market recovering from 1991 *s six-year price lows of US$33O (*****), says a Union Bank of Switzerland market outlook. ÜBS analyst Andy Smith
      Reuter  -  283 words
    • Article
      KL palm oil ends steadier in tandem with CBOT
      737 22 REPORT THE Malaysian crude palm oil market closed steadier yesterday on further shortcovering in line with gains recorded on both the futures market and the Chicago Board of Trade overnight. Trading, however, remained thin as market operators refrained from taking fresh
      737 words
  • Article
    PRICES
    1681 22 Rubber MRELB (fob in bates) (M cents/kg) Noon Close Int I RSS July 92 221 00/223.00N 221.00/223 00 Ini 2 RSS OP 2I9.00/220.00N 2I900/*****N UK/Cont 218 00/219 00N 218 00/219 OON Int 3 RSS OP 216 50/2I7.50N 216 50/217 50N UK/Cont 215.50/216.SON 215.50/216 50N Int 4 RSS OP 213
    1,681 words
  • Page 22 Advertisements
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      Page 22 Advertisements Column 1
      580 22 BUSINESS TIMES Toll free Tel No 737 0043 -Fax No: 734 3698 fi-off eTS ft the i= current IN lilt M.VI'IKK OK I UK ONIPAMKS \t I <4 H\PIKRSOi \M> IN lilt MATfKK OK ROSK.V II 1-K INN KM MI N IS PTK I II) tMLMIURS' NOLI N I AKY
      580 words
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  • Article
    AIRCRAFT ARRIVALS AND DEPARTURES
    1270 23 City FlfeM ETA Flight ETD Mtm Dhabi GA887 0200 GA894 2015 AMaMa QF5 1955 SQ228 2050 Ams tarda in SQ23 0645 KL838 2240 KL837 1255 Ath«m SQ347 1755 Aucklaad BA11 1505 SQ288 2015 Bahrain GF148 1000 Batik?* pan GA525/910 1755 1 B Sari Bagawan BI453 1105
    1,270 words
  • THE TRAVEL PAGE
    • Article, Illustration
      A park with roots deep in history
      701 23  -  POSTCARD FROM CORNWALL By Arthur Hellyer AT THE extreme south-east corner of Cornwall, where the rugged coast turns northwards into Plymouth Sound, there is a bluff headland which is nearly filled by one of the finest landscape parks in Britain: Mount Edgcumbe, home
      701 words
    • Article
      FOREIGN CURRENCY NOTE RATES
      151 23 As at 10am yesterday: I>ocal dollars to one unit of foreign currency Currencies Bid Offer Australian dollar I.23SS I.2S29 Canadian dollar 1.3502 1.3774 NZ dollar 0.8755 0.8950 Sterling pound 2.9686 3.0688 US dollar 1.6240 1.6320 Local dollars to 100 units of foreign currency Austrian schilling 14.36
      151 words
    • Article
      WORLD TRADE EXHIBITIONS
      64 23 Duration Title Venue Organiser Tel Duration Title Venue Organiser Tel July 20-24 F.lectrotech NEC, Electrex Ltd. 071-*****47 Aug 22-25 International Frankfurt. Messe Frankfurt (49)69/***** Birmingham I on don (fax) Trade Fair for Germany GmbH Consumer Goods Sep 6-9 Fine Food Melbourne Australian (61)3/867.7981 Aug 16-18 International Munich,
      64 words
  • Page 23 Advertisements
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      Page 23 Advertisements Column 1
      45 23 It's amazing the lengths Finnair goes to for just one price. Fly Finnair to Europe and well take you to 35 European destinations for the same price Check with your travel agent or call *****77 for more details. We Know Europe from tun to Finnish.
      45 words
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      Page 23 Advertisements Column 2
      7 23 Advertising Marketing in Business Times every Thursday
      7 words
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      Page 23 Advertisements Column 3
      243 23 BUSINESS TIMES Toll free Tel No 737 0043 Fax No: 734 3698 FOR SALE BY PUBLIC TENDER CLOSING 4PM WED 29 JULY '92 —I HILL VIEW GOLF COM® J J I Corner Kalamunda Road Roe Highway I I Maida Vale. Western Australia v Just a short drive from the city
      243 words
  • Page 23 Miscellaneous
    • Miscellaneous
      Page 23 Miscellaneous Column 1
      276 23 1 Approach about money I I I and shelter that's effective jjj I II"! 10 Sound military leaders can |BL— jBL—jit— 11 Oriental spur occasioning I^J— 17 By the shore setting seed is t <\ a problem (7) 23""~tH spot (6) 25 Place made popular by a LhJ HB"^"^1 26
      276 words
    • Miscellaneous
      Page 23 Miscellaneous Column 2
      165 23 Singapore Outlook: Showers over several areas in the late morning and early afternoon. Report: Maximum temperature 32.8 Assoc humidity 66% Minimum temperature 23.7 Assoc humidity 79% Hours of sunshine 3.90 Rainfall in mm 6.6 Rainfall this month 39.1 Rainy days this month 5 World forecast Asia-Pacific lii/Lo* Cond. Auckland 16/11
      165 words
    • Miscellaneous
      Page 23 Miscellaneous Column 3
      15 23 .ifKl'• l WD V^P>"fiNG^ NjQU 7J V Yer.^ QMX Si 8f095 ASSOCIATED NEWSPAPERS LTD. 1942-1992
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  • Article
    Lock icon Pact crumbles as Khmer Rouge rejects disarmament
    519 24 UN troops reaffirm right to fight back if attacked Reuter PHNOM PENH The Khmer Rouge has formally told the United Nations that it will not put its guerillas under UN peacekeepers' supervision in readiness for disarmament, the head of the UN mission in
    Reuter  -  519 words
  • Article
    EC backs off from five-year budget plan in wake of Danish vote
    460 24 LUXEMBOURG European Community finance ministers, alarmed by Denmark's rejection of the Maastricht union treaty last week, backed away on Tuesday from an ambitious five-year budget, stemming partly from the treaty. But they expressed their determination to press ahead
    460 words
  • Article
    Lock icon China backing away from reforms in state industries
    266 24 Reuter BEIJING China, facing i worker opposition, appears to be backing away from the harsh economic reforms needed to shake up state industries, according to a report in an official newspaper. The Liaoning Daily said the government had stopped talking about "smashing
    Reuter  -  266 words
  • Article, Illustration
    Lock icon American isolation on issues worsening
    516 24 The Earth Summit NYT RIO DE JANEIRO As the Earth Summit enters its final phase, Europe and Japan are showing increasing independence from the US on environmental issues, worsening American isolation and creating a diplomatic challenge for Washington. President George Bush strained relations with industrialised
    NYT  -  516 words
  • Article, Illustration
    Latin states need reforms more than US trade pact
    814 24  -  The Bottom Line PAUL ROBERTS PAUL ROBERTS The writer is chairman of the Institute for Political Economy in Washington IN A development as extraordinary as the collapse of communism, the mercantilist economy, run for the benefit of favoured political elites, is
    814 words
  • Article
    Lock icon Japan's troops Bill starts final leg of battle
    389 24 AFP TOKYO Japan's Lower House of parliament opened debate yesterday on a controversial Bill to send forces overseas after it was approved by the Upper House overnight. A stormy session is expected in the House of Representatives as the main opposition Social
    AFP  -  389 words
  • Article
    Bill will allow Tokyo to help in Cambodia: S'pore
    146 24 SINGAPORE The Japanese peacekeeping Bill will allow Tokyo to discharge her international responsibilities by helping UN operations in Cambodia, a Singapore Foreign Affairs ministry spokesman said yesterday. Responding to press queries, the spokesman noted that the Bill would only allow the
    146 words
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  • Shipping Times
    • Article
      Charter rates for bulk carriers expected to rise
      426 25  -  By Dexter Lee SINGAPORE Listed shipowners in Singapore are expecting charter rates in the dry bulk shipping market to firm up towards the end ot the year. The outlook over the next two years is also good, they add, with the market
      426 words
    • Article
      Lock icon Good prospects ahead for LNG carriers
      214 25 Reuter LONDON Demand for liquefied natural gas (LNG) is set to rise steadily because it is considered the most en-vironmentally-friendly fossil fuel, a study from Drewry Shipping Consultants said. This had placed new demands on shipping. Worldwide movements of LNG in 1991 amounted to
      Reuter  -  214 words
    • Article
      Lock icon Sunny skies for Vosper
      479 25 UK shipbuilder has strong order book Reuter LONDON While the waters might be choppy for some in the defence business, British shipbuilder and engineering group Vosper Thorneycroft Holdings pic is cruising along in fair weather, according to chairman Peter Usher. The company still hopes to get
      Reuter  -  479 words
    • Article
      Lock icon Brazil port workers to go on strike
      162 25 Knight-Ridder SAO PAULO Unions representing workers at all Brazilian ports called for a general strike on Wednesday in protest over the possible privatisation of port services, said union and port authority spokesmen on Tuesday. Local union chapters met around the country on Tuesday
      Knight-Ridder  -  162 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      865 25 Page Col ABC Containcrlinc 12 1 Accord Group 8 1-3 APL 5 3-5 Arrow Inter 9 2 ASC'L 5 9 Alpha Feeders 6 1 ANL 3 1/2 Ball Canada Line 7 4/5 Bait Oricnl Line 7 4/5 Batamindo 19 3 Bengal Tiger Line
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    • Article, Illustration
      Thai port and two firms in profit-sharing deal
      541 25 Sugar, coal to be handled at Laem Chabang BANGKOK The Port Authority of Thailand (PAT) has finalised with two tenderers a profit-sharing agreement that will allow sugar and coal to be handled at Laem Chabang Commercial Port within two years. Bangkok daily
      541 words
    • NEWS SUMMARY
    • LOG BOOK
      • Article
        Fire in Ghana ship at UK port under control
        59 26 LONDON Smoke was detected coming from cottonseed in the lower hold of the Ghana-tlag I olta River as it unloaded bagged cocoa beans at Avonmouth on Tuesday morning, Lloyd's Shipping Intelligence Service said. The lire aboard the 16,687-dwt vessel was treated
        59 words
      • Article
        Chinese airline flies to Europe
        86 26 HONGKONG China Eastern Airlines began flights between Shanghai and Brussels yesterday, the Beijing-tunded China News Service (CNS) said. The 17-hour flight, which stops over in Beijing and Berlin, departs from Shanghai each Wednesday and Saturday and from Brussels each Thursday and Sunday, the Hongkong-based CNS
        86 words
      • Article
        Bahamian reefer towed to Florida
        51 26 LONDON Bahamas-flag refrigerated vessel Emanuel B, which sustained rudder damage, has left San Juan, Puerto Rico under tow, Lloyd's Shipping Intelligence Service said on Tuesday. The 9,612-dwt vessel is due to arrive in Port Manatee, Florida tomorrow, from where it will proceed to Tampa for
        51 words
      • Article
        Cypriot vessel leaves Kuantan
        71 26 LONDON The Cyprus-flagged bulk carrier Golden Promise left Kuantan Port, Malaysia, last week for the Middle East, loaded with several consignments of timber and steel, Lloyd's Shipping Intelligence Service said on Tuesday. The 26,610-dwt vessel, whose cargo was earlier corrected by salvors after it shifted and
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      • Article
        Rail traffic to Armenia halted
        162 26 LONDON All rail traffic into Armenia had come to a halt, reported Radio Russia which is monitored by the BBC. "The only railway route linking Armenia to the outside world has been cut," the radio said on Tuesday. It quoted the head of the Armenian
        162 words
      • Article
        Olympic TV satellite launched
        62 26 CAPE CANAVERAL A General Dynamics Atlas 2-A rocket placed into orbit on Tuesday an Intelsat communications satellite that will handle television coverage of the Summer Olympics in Spain, the company said. The rocket blasted off at 8 pm EDT (2400 GMT) with the US$lO2 million (S$
        62 words
    • Article, Illustration
      Lock icon Dollars & sense of HK's airport
      1246 26  - Dollars sense of HK's airport The growing bill for Hongkong's airport project is not only a topic of dispute between Britain and China, it is a confusing issue for the financiers as well, reports Eva To Eva To Sunday Morning Post British Prime Minister John Major and his Chinese counterpart
      Sunday Morning Post  -  1,246 words
    • Article
      COCKETT BUNKER MARKET REPORT
      838 26 THIS twice weekly report, compiled by Cockett Marine Oil Ltd, shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on average-sized stem. Market movements are indicated. The Cockett Bunker Price Index change and
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    • Article
      THE SHIPPING GUIDE
      14042 34 This is a list of ships loading at Singapore for ports around the world. It tabulates, by destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. LEGEND PN: ship calls at Pcnang after
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    • Article
      SHIPPING AGENTS
      3285 39 Containerline NV: Belsin Shpg Agencies Pte Ltd (SyMarine Handling Sdn Bhd (PK/PN) Accord Group: Accord Shpg Pte L t«J (SVAccord Contr Line (PK/PN). Adkris Business Corporation Philippine Calsource Shpg Trdg Pte Ltd (S) Ahrenkiel Liner Service: Kim Shpg Trdg(S). Albattos Sem-Air Service: Frata Shpg Pte Ltd (S). Alfred
      3,285 words
    • Article
      COURIER SERVICES
      267 39 Abacus Couriers Td: 545-8011 Fa*: *****98 Air K*prws I i*»d Td: 533-5771. Fax: *****44 Airborne l-reight Corporation Td: 542-8844 Fa*: *****16, *****80 Airswift Worldwide C ourier Td: 278-0188 Fax: *****83. AJS Supplies Td: 748-6322 (2 lines). 747-7421. Fax: *****75. City-link International Td: 344-3377. Fax: *****50. Cluster link Supplies
      267 words
    • Article
      AIR FORWARDERS
      1526 39 Abe\ Express Freight Tel: 542-7171. Fax: *****84. Actinic Forwarder Tel: 225-1833. Fax: *****42. Acti*air Singapore Tel: 542-7822. Fax: *****20. Aerolink Freight International Tel: 545-8033. Fax *****05. Aerospeed Tel: 542-5911. Fax: *****18 Air Cargo No>o Express Tel: 542-5454 Fax: *****06 Air Express International Tel: 542-7666 Fax: *****74. *****50. Air
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    • Article
      PORT CONDITIONS
      3421 40 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
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    • Article
      Lock icon SHIP SALES & TANKER RATES
      1164 40 SHIP SALES TANKER RATES The information was contributed by Simpson Spence Young VESSELS ON OFFER Bulk Carriers King William: 78,239 dwt and built 1974 Espanoles Bilbao, on offer in the region of USS3.Sm. Kmma DP Seconds: 54,568 dwt and built 1973 Italy, on offer in the region of USS4m but
      The information was contributed by Simpson Spence & Young  -  1,164 words
    • Article
      AIR FREIGHT SCHEDULE
      558 40 ARRIVALS Op Kli|(ht l>pe ETA 1 Froai TODAY KAL KE697 U747F UI50 1 SLL six sg«:7 B747K 1730 2 CPH/DXB CLX CV794 B747F 1845 1 LUX/DXB NCA KZ203 B747F 1930 1 NRI KAL KE685 A30F 2345 1 SLL/MNL TOMORROW JAL JL615 B747F 0240 1 TYO N\\ NW90I
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    • Article
      CRUISE & FERRY SCHEDULES
      491 40 CRUISE FERRY SCHEDULES CRUISE SHIPS Art IX'p Name of Vessel ETA K I D Ports of Calk Port Agent JUNE 12 12 Asean World 0900 1800 Sin-Hkt Scmbawang Johnson 13 14 Andaman Princess 2200 1000 Sin-Penang Lines Int'l Holdings 14 14 Cora Princcss 1000 1800 Sin-Jakarta Harpers Shipping 14 14
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    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        540 41 Vessd Voy No Berth Arrival Departue Vessel Voy No Berth Arrival Departure Marina Terminal 1 Ivan Aiva/ovskiy 01 J8 1206 0800 1906/2300 Batam Maiu *****2 M04 alongside 1106 0500 Ivan Borzov '2 1206,0/30 1906/2300 Batam Murni *****2 M05 alongside 11 06 0500 Lina 101 06 02, 92
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      • Article
        IN MALAYSIAN PORTS
        224 41 Johore Port Berth: 1: Gina, Barge Zarah 2; 2: Juta Jaya; 3: Tern; 4: Ksar I El Boukhri, 5: Kelvin Resource; 6: Glory Selatan 6. 01 jetty: Bunga Siantan, Subur, Richworld Sukun DC J: ml Due on June 10: Cerlang, Soon An, Thang Lot 2, Balder Queen,
        224 words
      • Article
        CONTAINER SCHEDULE
        1364 41 DELIVERY OF FCL IMPORT CONTAINERS IN PROGRESS S*> Voy No Containers awfabte Slip Voy No Containers avaiaMe P Garfield 060E 0906 92 0700 Unt Moral BN0/8 COO(EST) *****2 1500 Arthur Ms 9210 *****2 0745 Mitrans Exp 375 COO(EST) 1006 92 0700 Sir Pride 15N 0906 92 0830 N
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    • Article
      TRANSPORT DIARY
      989 42 Sept 15-16: Asia-Pacific Digital Cellular Mobile Communications. organised by IBC Technical Services Limited at Hie Mandarin Singapore. I or further details please contact IBC technical Services at tel: 071-637-4383 or lax: 071-631-3214. Oct 13-16: Scatradc Asia-Pacif-ic Cruise Convention, organised by Seat rude. 1 he event will take place
      989 words
    • Article
      DAILY FREIGHTS
      435 42 FKFIGHI rales in the dry cargo market on Tuesday eased further hut freight futures. which were copying the trend, bounced hack in an oversold market which lacked sullicient bearish physical news, brokers said. Reported grain cargoes were smaller than panamax si/c and for untypical destinations but Cargill was
      435 words
    • Article, Illustration
      TNT introduces personal service with high security
      284 44  -  By Rahita Elias SINGAPORE TNT Express Worldwide has enhanced its range of services through the introduction of the Special Risk Shipments (SRS) concept. Group security manager David E Forbes told BT that the new service, which has "phenomenal" business potential worldwide, involves the
      284 words
    • Article
      Royal Jordanian may add extra flight to KL
      381 44  -  From Jimmy Yeow in KUALA LUMPUR ROYAL Jordanian may add a third flight between Kuala Lumpur and Amman, the Jordanian capital, this year. Its regional director for Far East and Australia, Mr Ghassan Ali, said Royal Jordanian is conducting a study on
      381 words
    • Article
      Lock icon American responds to Continental charges of predatory pricing
      410 44 UPI HOUSTON Continental Airlines on Tuesday charged American Airlines with violation of federal antitrust laws, in a lawsuit alleging that the largest airline in the US engaged in predatory acts with the direct intention of eliminating competition from the air transportation industry.
      UPI  -  410 words
    • Article
      Lock icon Up to 75,000 Villagers expected to be sold in '93
      261 44 Reuter LORAIN, Ohio Ford Motor Co's Lincoln-Mercury division expects to sell 65,000 to 75.000 Mercury Villager minivans in 1993. the first full sales year for the new vehicle. At a press preview for the minivan here, Lincoln-Mer-curv general marketing manager
      Reuter  -  261 words
    • Article
      Lock icon Rivals match Delta's trans-Atlantic fare cuts
      427 44 Fare war sends US airline stocks tumbling NYT NEW YORK The new discounts in business fares to Europe announced by Delta Air Lines on Monday were grudgingly matched by other carriers on Tuesday. One reluctant competitor grumbled: "Thanks Delta, we really needed that." Wall
      NYT  -  427 words
    • Article, Illustration
      Thai Airways opts for Boeing instead of Airbus
      428 44 BANGKOK The management of Thai Airways International Co has decided to buy seven Boeing 777 aircraft over Airbus 330s to serve its international markets, reported The Nation on Monday. The decision will be submitted to the long-term planning committee chaired by ACM
      428 words
    • Article
      Lock icon 30 bodies recovered from Boeing crash in Panama
      268 44 UPI PANAMA CITY. Panama Rescue workers have so far recovered 30 bodies from the wreckage of the Panama Aviation Company, or Copa. plane crash that killed all 47 people on board, aviation officials said on 1 ucsday. Part of the Boeing *****0's
      UPI  -  268 words
  • Page 25 Advertisements
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      Page 25 Advertisements Column 1
      21 25 Lines and service* represented by Members of the Registry ef Accredited(ilT{sim*\ Singapore Netlenal ShipFor advertising enquiries, contact Shipping Times Tel 740-2089/740-2090
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      Page 25 Advertisements Column 2
      151 25 THE famous <>o n to I AjanuuA/ mm ■■MIII3I* 224 1833 For more information please refer to Pg. 13 r? y > f v S**- v-vrig .!f SKS A '"v it .v- ■■■*< m~ mm v wa itwfl Mta# v S• V '-v I »C V. '<• < V >
      151 words
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      Page 25 Advertisements Column 3
      51 25 Air Forwarders 15 A* Freight Schedule 16 Cochett Report 2 Container Schedule 17 Courier Services 15 Cruise Ferry Schedules 16 Daily 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 Dory 18 Weather and Sea Conditions
      51 words
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  • Page 26 Advertisements
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      Page 26 Advertisements Column 1
      84 26 L o<^ <> 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 firms
      84 words
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  • Page 27 Advertisements
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      Page 27 Advertisements Column 1
      2832 27 OOCL (S) PTE LTD JARDINE SHIPPING AGENCIES Alflf## *****11 *****09 AllVfr BOOKINGS TEL: *****34 *****58 fiillf TERMINAL/CFS TEL *****18 220 P BAfififl H PESAKA JARDINE SHIPPING AGENCIES SON. BHO. PORT KELANG TEL *****18 FAX *****91 *****88 IT™7 "T! o PENANG TEL *****4 FAX *****1 CFS TEL *****6 Dedicated to Quality
      2,832 words
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      Page 27 Advertisements Column 2
      1834 27 Find out how sellers are reaching out to buyers in Advertising and Marketing. Every Thursday in BT ///I \UMTEDAMB SHIPPING (SAG/I M VSI/VOY SIN WYC BAL ORF SAV snunun it/« \m t*/7 n> mi m iux»m m 1/1 i» 101 in u/« WH 11/7 111 21.1 22 I »l UWI
      1,834 words
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      Page 27 Advertisements Column 3
      1452 27 ■aim™ Maersk Line Johor moves to larger premises to serve you better... We are now located at: MAERSK MALAYSIA SDN. BHD. BTH FLOOR, WISMA LKN JALAN WONG AH FOOK JOHOR BAHRU TEL: *****8, *****9 Vessel Voy ETA ETO Feeder by DESTINATIONS Leer or! Aral This week -Mc Kinney Maersk 9206
      1,452 words
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      Page 28 Advertisements Column 1
      1489 28 R DAM/ 11 VOY NO S PORE JEPDAH S HAMTON H'BURG ANT LE HARVE HuySUal I DANUBE 02/123 11/6 20/6 4/7 30/6 29/6 1 ALL WESTBOUW C LUOWIGSHAFEN EXPRESS 02/323 14/6 1/7 3/7 6/7 7/7 fORT KELANS ft PBMN6 I MONTE ROSA 19/124 18/6 27/6 11/7 7/7 6/7 CMCO TO
      1,489 words
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      Page 28 Advertisements Column 2
      463 28 I EXPRESS TO PAPUA NEW GUINEA I SPORE CHEFOO V7S 16/06 POM/HON/WORO/RAB LAE/MAO ALAM TALANG VIS 01/07 POM/HOM/NORO/RAB/ KIM/LAE/WWK CHEFOO VOS 25/07 POM/HON/NORO/RAB LAE/MAO ALAM TALANG V2S 12/06 POM/MON/NORO/RAB KIM/LAE/WWK CHEFOO VOS 03/06 POM/HON/NORO/RAB LAE/MAO (LCL B/BULK) T/S: ALOTAU. OROBAY, K A VIE NG ACCEPTING LCL FOR MAIN PORTS DISCHARGE
      463 words
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      Page 28 Advertisements Column 3
      1588 28 K9VMAMA UW REGULAR INDEPENDENT FULL CONTAINER SERVICE WESTBOUND TO EUROPE VSL/VOV SW ALG BCL HAM BR( ROT ANT FEL LHA (VIA (VIA (VIA ALG) HAM) ROT) NORASIA SAMANTHA 9215 3 14/06 06/07 08/07 10/07 11/07 12/07 13/07 13/07 14/07 NORASIA SINGA 9216-3 21/06 12/07 13/07 16/07 17/07 18/07 19/07 20/07
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  • Page 29 Advertisements
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      Page 29 Advertisements Column 1
      2154 29 K STRAITS SHIPPING PTE LTD 10 Hoe Chiang Road #11-01 Keppel Towers Singapore 0208 Tel: *****88 Fax: *****17 "SB? 001 SAIS SPORI B'KOK KRIS MADURA Vos€ KK. Skan. ID. law 10 11 lui 12 km 12 lun MARION V 009N 13-14 HJNI 18-17 NiNI STRAITS STAR VOSE Muata. Lab. NK
      2,154 words
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      Page 29 Advertisements Column 2
      2374 29 SINGAPORE AGENT: PAfItQIIIPI*C P&O Containers (Singapore Agencies) Pte Ltd X iXV/ \jUllldlllvl 9 10 Hoe Chiang Road #07-01 KEPPEL TOWERS. SINGAPORE 0208 Tel 225 2233 Telex RS ***** PNOCSP Fax: 225 5327/222 7517 r CR Number **********0Z EXPORT IMPORT j ~W VESSEL VOY 'PMC 'P*G SIN ALG SOU ANT HOT
      2,374 words
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      Page 30 Advertisements Column 1
      594 30 CR NBR **********0-D EXPRESS SEMI CONTAINERSHIP SERVICES TO EUROPE Kl/VOT STORE MMM/WAM H-BUIG BKMEN ANMRP i ETA/D MATNUM/32N6 8/7-13/7 14/1 19/1 24/1 27/1 FAST TRANSIT TIME ACCEPTING BREAKBULK/CONTAJNERISED CARGO Sublet lo lnduc*m«nt. Also accepting cargo to Casablanca, Port Said, Port Alexandria, Ganoa. Triaata. ALSO ACCEPTING CONVENTIONAL CARGO VIA T/S TO
      594 words
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      Page 30 Advertisements Column 2
      1445 30 (g) HANJIN SHIPPING FD b w. SM Lilt HAUL IGB OAK TOR Wl SM ||M HAUL SA* IM NYC HANIM VANCOUVER 009E H i DRECT V 6 8 6 FISHGUARD BAY 207* 15/6 M PLEASURE 0261 23/7 24/7 2«/7 IB I ZsWUEM* 71'« OREjCT 12/1 15/7 HANIN CHEAJ 04X 22/6
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      Page 30 Advertisements Column 3
      1214 30 1-J.T -J -1 J m sgp use W6 Uf «s ii oa w 110 IU i* nc w tm mm nr p® a* m sgp oaa* htn i« c 17/t 22/t 24/t 2t/t 21/t Jt/t vi J/7 4/7 1/7 11/1 u/i u/i u/i u/« Jg GUDE H «S2 2J 24/4
      1,214 words
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  • Page 31 Advertisements
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      Page 31 Advertisements Column 1
      2147 31 s NEPTUNE AGENCIES PTE LTD SINGAPORE TEL: *****77 (CR NO: **********0E) sdrj BOOKINGS (TOLL FREE) NEPTUNELINK TEL *****00 (TOLL-FREE) USA SERVICE *****00 TERMINAL OFFICE *****22 J. FAR EAST SERVICE *****00 IMPORT CFS MB2 *****69/*****96 UK/EUROPE SERVICE .*****00 EXPORT CFS MB2 *****53/*****50 •wpjp NEPLINE SDN BHD MALAYSIA JrJr K.L.-(03) *****33. P
      2,147 words
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      Page 31 Advertisements Column 2
      1094 31 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD BOOKING: *****51/ *****64/ *****06 (FESCO LINE) ENQUIRIES: *****33 MARINE INSURANCE SERVICE: *****87/ *****87 KL: 03-*****75/697 PORT KELANG: *****43/ *****40 JAKARTA: *****57 PENANG: *****4/ *****8 JOHORE BAHRU: *****1/ *****1 (REGULAR INDEPENDENT SERVICE) FULL CONTAINERSHIP SERVICES EASTBOUND DISCHARGING WESTBOUND-LOAD#*; TRANSHFPED VIA ROTTEROAm" rtssas wi Ism
      1,094 words
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  • Page 32 Advertisements
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      Page 32 Advertisements Column 1
      1243 32 K'WT AS AGENTS KAWASAKI SINGAPORE (PTE) LTD (CR No: **********0 M) W W A TEL: *****77 TELEX: KAWAKIRS23I6S FAX: *****07/8/9 I |%l M MALAYSIA: "K" UNE MARITIME (MALAYSIA) SON BHD I JL JLdf A Mmji TEL: SA *****00 PK*****01/5 PENANG *****0 JB *****1 Wtmk KAWASAKI KISEN KAISHA, LTD INDONESIA: P.T.
      1,243 words
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      Page 32 Advertisements Column 2
      1172 32 PHILI-ORICNT UN€S PT€ LTD 108 Robir.son Road #07-00 GMG Building Singapore 0106 Tel: *****22 *****69 *****00Telox: RS *****FAX:*****76/*****38 BY AIR, LAND OR SEA.... 4f)k WE TAKE ON THE WORLD FOR YOU Sffi? MEMBER OF SINGAPORE FREIGHT FORWARDERS ASSOCIATION AUSTRALIA/NEW ZEALAND/SOUTH PACIFIC FCL/LCL SERVICE —i 19 JUN SYDNEY. MELBOURNE. BRISBANE. FREMANTLE
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  • Page 33 Advertisements
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      Page 33 Advertisements Column 1
      2262 33 PACIFIC INTERNATIONAL LINES (PTE) LTD gg VflV 140 Cecil street #03-00 PIL Building. Singapore 0106. Tel: *****33 H I JAKARTA I BANGKOK 1 I VESSEL VOY SIN JKT SIN MM 16/6 2W6 KOTA INDAH 241 14/6 16/6 21/6 20.« AMMT.TMAI ci Afil SRS22I 14/6 17/6 21/6 BUNGATERATA. 243 16/6 18/6
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      Page 33 Advertisements Column 2
      773 33 EXPRESS CONTAINER SERVICE TO L'K-NORTH CONTINENT-SCANDINAVIA WEEKLY P|p GUDANGI PENANG PKELANG OCEAN VSL/VOY SIN SOU 1) RTM (2) HAM (3| GOT^(4i p 12/6 13/6 BENAVON 2232 16/6 3/7 5/7 6/7 8/7 "TgTi 20'6 JUTLANDIA 2242 23/6 10/7 12/7 13/7 15/7 D *26/6 26/6 SELANDIA 2252 3011 17/7 ii/ 7 20/7
      773 words
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      Page 33 Advertisements Column 3
      312 33 MYANMA iSBk FIVE STAR LINE (Myanmar National Line) Loading for Yangon (Rangoon) S pore P Klc Pe" p Gd PIMYA VI22W IN PT J" MYOMA YWA VI42W 16/17 hm I*' ls ,un PAGAN VIB3W 13/15 Jun HPA AN VI7BW 20/22 lun NIGERIAN NATIONAL Ml SHIPPING LINE NIGERIA EXPRESS SERVICE RIVER
      312 words
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  • Page 36 Advertisements
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      Page 36 Advertisements Column 1
      2713 36 I nll Container Liner Services Malaysia's Agents: Indonesia's Agents: Guan Gum Snipping Sdn Bhd Chung Chiao Shipping Sdn Bhd p. T. Global Pvtra Indonesia Maritime General Agents: Booking Agents: m ppsihm Hj/j MuJj Mus.i n a laian now) mm ji n h mouu m/n Costar Shipping Pte Ltd Shipping Freight
      2,713 words
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      Page 36 Advertisements Column 2
      383 36 SAMUDERA INDONESIA (S) PTE LTD 15 McCALLUM STREET #14-04 NATWEST CENTRE Singapore 0108 Tctax: R*****0 T«fc *****81-3 Fax: 225 4939, *****36 FOR BOOKINGS CALL DIRECT LINE TEL; *****41/*****43 SIN/JAK SERVICE VESSEL VOY SIN JAK DERAJAT 985 IN PT 14/06 (SUN) TANTO CAPITAINE 901 13/06 (SAT) 16/06 (TUE) LAWANTI 965 15/06
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      Page 37 Advertisements Column 1
      509 37 (it FAMOUS CONTAINER LINES 10 ANSON RD. #15-21 INTERNATIONAL PLAZA, S'PORE 0207 HOT LINE: *****33 (24 LINES) LIMASSOL/PIREAUS 14/6 ROTTERDAM 14/6 HAIF ATASHOOO/ ALEXANDRIA 14/6 HAMBURG/BREMEN 14/6 MARSEILLE/FRANCE 14/6 FELIXSTOWE/UK 1476" BARCELONA/SPAIN 14/6 LEHAVRE/ANTWERP 14/6 "GENOA/ITALY 14/6 GOTHENBURG/SCANDINAVIA 14/6 LOS ANGELES/WC/IPI 14/6 I SYDNEY/MELBOURNE 19/6 NEW YORK/EC 14/6 FREMANTLE 17/6
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      Page 37 Advertisements Column 2
      835 37 [f&l RICHFIELTMMIiSnGrNCIES (S) PTE LTD |Q9 TEL: *****33 (12 Lines) Iml FAX: *****15/*****03 iPJJ TELEX: RS ***** RIBHIP (3 Line*) 1 |ffiT\ ETHIOPIAN SHIPPING UNES r J (National Lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL VESSEL IVOY ETA LOADING FOH SPOHE NET SANE T >6WB 17/06 DARESSAIAAM MOMBASA DJIBOUTI ASSAB
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      Page 37 Advertisements Column 3
      872 37 I JAKARTA BANGKOK 1 WW I WO *T PB wt WHMM —J I HAN* BHUM 04 SB IN PT 13/8 PITA BHUM 237N fri 12/06 Sun 14/06 MAN* BHUM 1456 13/06 16/06 NANIA BHUM 93N Sal 13/06 Tue 16/06 JHANA BHUM 05S8 17/06 20/06 VWA BHUM*U ft 09N Mon 15/06
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      Page 38 Advertisements Column 1
      1619 38 AC-NELS GROUP AGE I Lll\y PENANG: (04) *****6 SIBU: (084) *****9 KUCHING: (082) *****3 P.KELANG: (03) *****77 JAKARTA: (21) *****32 SURABAYA: (31) *****0 UK/SCAN/MED PORTS I COIOMBO/S. AFRICA PEN PK SIN PtN PK SIN 12/6 13/6 14 6 Idn/Flx/Rdm/Ant Colombo 12/6 13/6 14/6 14/6 15/6 16 6 G'burg/C'hagen/Sholm/Oslo Durban/Pt Louis
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      Page 38 Advertisements Column 2
      246 38 MaiMr 1r» BLUE STAR LINE TO FROM 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 SIN MCI OXB DMM KWT BAH HI SIM
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      Page 38 Advertisements Column 3
      1107 38 THONG SOON LINES PTE. LTD. 77 ROBINSON ROAD #15-00, #16 00 SIA BUILDING SINGAPORE 0106 TEL: *****88 FAX NO: *****11, *****22 TLX: RS ***** CARRIER RS ***** JENHOL CABLE: TOSOCO rOMVENTIONAL/CQNTAINER I CONTAINER SERVICES SINGAPORE TO WEST MALAYSIA SINGAPORE TO WEST MALAYSIA VESSEL jvOT TeTA [pEST VESSEL VOT SPOKE P.
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  • Page 41 Miscellaneous
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      Page 41 Miscellaneous Column 1
      771 41 TIDES AND WEATHER TODAY'S TIDES (height in metres) HOUR 0000 0100 0200 0300 0400 0500 0600 0700 0800 0900 1000 1100 **********00 *****800 1700 *****900 2000 2100 2200 2300 )R 12 10 08 09 10 13 1 7 20 22 22 20 1 7 1.4 1.1 10 10 12 16
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      Page 42 Advertisements Column 1
      346 42 ULTIMATE FREIGHT HwMHiAMUSBMOSUIU^^ AUSTRALIA alport* USA -SMttk, Portland. SFO. LA, New York NZ al ports and d Pf Points HK =rlff«f China CANADA Caifarj, Edmonton, Montreal. New Brunswick, BiMCKHtt wTT« IM Ottawa, Saskatoon, Toronto. Vancouver, BANbRUR ncbanf Laos Wiwipei. Nova Scotia, Quebec City. SSSS!?Si mnc EUROPE Antwerp, Hamburf, Rotterdam, Amsterdam,
      346 words
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      Page 42 Advertisements Column 2
      346 42 cosco UKC CONVENTIONAL SERVICE VESSEL PKL PNG P G LOAOING FOR: A VESSEL 28/06 Rotterdam/Antwerp CHINA CONVENTIONAL SERVICE VESSEL PKL PNG P G LOADING FOR: OING RONG 12/07 Guangznou/Huangpu COSCO FULL CONTAINER SERVICES (FCL/FCL) EXPORT TO: CHINA/BANGKOK/HONGKONG EUROPE/CONTINENTAL WEST MEDITERRANEAN AUSTRALIA US WEST COAST PERSIAN GULF/KARACHI Please relef above mentioned
      346 words
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      Page 42 Advertisements Column 3
      567 42 UP. LIVING IT EACH WEEKEND, put up your executive feet, and let us shuffle through your imagination. We usually tread lightly, but even when we don't, you'll know you're alive alter that exciting, exacting or simply emaciating week of work. So don't throw in the high-flying towel, or take shots
      567 words
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      Page 43 Advertisements Column 1
      1100 43 4 HYUNDAI I MERCHANTMARINEC LTD#VIA FEEDER PACIFIC SOUTH-WEST SERVICE PH£« PQP» SIN* TO USA VOY KAO LBH OAK DAL HOU CHI SLU NVC 09 06 03 06 05 06 12/06 H INNOVATOR 50€ 19/06 06/07 09/07 09/07 10/07 10/07 12/07 5'06 10 06 12)06 906 H. EXPLORER 49E 26/06 13/07
      1,100 words
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      Page 43 Advertisements Column 2
      458 43 BQ' I STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS L INBOUND VESSELS HSSU 11) SP w It U DAIIA ROM SIO UP COSMIC nOHCI 1! COMIC CHAULMUR I? IM TIARS AUTO U/« UNA l( SEA LARA S* sim aacishi n SERI DACOTA 71 IH OUTBOUND VESSELS LOADING FOR
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      Page 43 Advertisements Column 3
      1004 43 our usa SERVICE CALLS SINGAPORE IttW Irent to, HU Mi leinl tor S* 111 OM ill Ml CNf W IU 111 CO DIRECT EVERY mgi soon »rs< not mimi« caiMus nuu i? no» o?/o? 00/o? oo o? at ti oi o; mo; mi no? WEDNESDAY rww BMW 755 it m
      1,004 words
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      Page 43 Advertisements Column 4
      127 43 BINTANG MAS SHIPPING PTE. LTD. 39 NEIL ROAD SINGAPORE 0208 TEL: *****88 TLX: R*****5 SINMER FAX: *****64 acopts poan or CARCO STORf KSTWATWe MUCI*T MM. nil 10-11 trn 11-12 km Ml liHujn. M too** INK VUf IS-10 km 17 10 km My*r>. WE Ban am atiAii *ioc H-lf *■> 20
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